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Does the Cannabis Industry Really Use Crypto?
20.7.2019
Despite the wave of cannabis legalization across U.S. states and several countries, banks are still reluctant to bank cannabis businesses due to their perceived regulatory riskiness. As a result, the “cannabusiness” is effectively a cash-only business.
Perhaps unsurprisingly, many bitcoin...
I Know What you did Last Crypto Winter: 20 Crypto Jokes
20.7.2019
Bitcoin went bellow USD 10K. That happened.
By the time I typed this, altcoins rallied, then Bitcoin jumped over USD 10K. That happened.
In the ever-larger world of regulations-related news, a Chinese court reportedly recognized Bitcoin as having legal value as property; U.S. CFTC is investigating...
Why is Binance Really Burning its Own Stash of BNB Tokens?
19.7.2019
Changpeng Zhao. Source: Twitter, Changpeng Zhao
While Binance CEO Changpeg Zhao proudly affirmed that he and the major crypto exchange "are doubling down on our mission to exchange the world" (whatever that means), various commentators suspect that Binance might have more than one ulterior motive...
Zebpay: There Are Too Many Crypto Exchanges, M&A Inevitable
19.7.2019
All competitors are crypto exchange Zebpay’s prospective partners as the consolidation is bound to happen, Ankur Agarwal, Australia Head for Zebpay, once major Indian exchange, told Cryptonews.com. Furthermore, he finds that decentralized exchanges are a promising future and the right direction...
2nd Sun-Buffett Lunch Guest Revealed; Investor Offers Talking Points
19.7.2019
Warren Buffett. Source: a video screenshot, Youtube, Bill Gates
As Justin Sun, the founder of the Tron blockchain project, announced the second guest to join him for the Warren Buffett charity lunch, an investor suggested some talking points.
Back in June, Sun won the highly anticipated lunch with...
Coinbase Kills Another Product
19.7.2019
U.S.-based cryptocurrency exchange Coinbase removed its Bundle product less than a year since its launch.
Coinbase Bundle was a basket of cryptocurrencies supported on Coinbase, which users could buy in proportion to their market capitalization in U.S. dollars. The smallest Bundle was USD 25....
New CFTC Investigation Targets BitMEX
19.7.2019
The U.S. Commodity Futures Trading Commission (CFTC) is investigating whether major crypto exchange BitMEX broke rules by allowing Americans to trade on the platform, which isn’t registered with the agency, Bloomberg reported, citing "people familiar with the matter."
The months-long CFTC probe...
Bitcoin and Altcoins Gaining Momentum
19.7.2019
This week was mostly bearish, with strong downward moves in bitcoin and altcoins. Recently, BTC/USD found support near the USD 9,250 level and started a strong recovery. The bulls were able to break a couple of important resistances near the USD 10,000 and USD 10,200 levels. The price tested...
Zcash Hard Fork, Ycash, is Live
19.7.2019
Source: iStock/4X-image
A new digital currency Ycash (YEC), which forked away from Zcash blockchain and one of the best known privacy coins, is now live.
Ycash was first announced in April by Zcash supporter and the founder of Ycash Foundation, Howard Loo. He says that the purpose of the fork...
Chinese Court Rules that Bitcoin has Legal Value - Report
19.7.2019
An internet court in China has reportedly made a landmark ruling on cryptocurrencies, recognizing Bitcoin as having legal value as property.
Per Chinese media outlet BJ News, Hangzhou Internet Court – one of three legal bodies in the country that handle digital and internet-based legal matters...
Place your bets on BetMatch!
19.7.2019
Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com.
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The project’s top priority is fraud protection and bookmaker’s activity transparency (users can always verify the platform’s account balance). You can bet that betting will become more...
S Korean Telecoms, Food Giants Team up for Blockchain Project
19.7.2019
Two of South Korea’s most blockchain-keen conglomerates say they will team up for a joint food supply chain project that makes use of the technology.
Telecoms giant KT has sealed a deal with food producer Nongshim’s own tech arm, Nongshim Data System (NDS). The companies say they will create...
Half of the Top 100 Altcoins Jump Against Bitcoin, Dominance Slips
18.7.2019
The market is looking better for altcoins as they are trying to regain their positions, while half of the top 100 altcoins advanced against bitcoin in the previous week. Also, at the time when bitcoin dominance dropping, traders across the cryptosphere are trying to guess if bitcoin will go lower...
Billionaire Looks for "the Next-best Currency", Gives Bitcoin Hope
18.7.2019
Ray Dalio. Source: a video screenshot, YouTube, TED
Ray Dalio, American billionaire investor, Co-Chief Investment Officer and Co-Chairman of Bridgewater Associates, a global investment firm, published a report, where he criticizes the current fiat money system but does not mention Bitcoin. This...
VC Investments Fall, but Blockchain Space Gets 'a Second Wind'
18.7.2019
The future seems brighter for blockchain, as the speculation and overall market confidence have somewhat rebounded in 2019 from the crypto winter, finds CB Insights, a tech market intelligence platform. They note that market capitalizations of tokens and cryptocurrencies signal a renewed interest...
Coinbase Gives You a Look into Actions of its Top 10% Traders
18.7.2019
U.S.-based cryptocurrency exchange Coinbase released their new group of signalling tools, which should provide information about trading behavior and price correlation to all Coinbase customers for free. The idea is that looking into what experienced traders are doing could be useful to...
Bitcoin and Altcoins Correcting Losses But Bulls Might Face Hurdles
18.7.2019
Yesterday, we saw a downside extension in bitcoin and altcoins. BTC/USD traded towards the USD 9,000 support and it is currently correcting higher. There was a clear break above the USD 9,500 and USD 9,600 resistance levels. However, the price might face a few important hurdles on the upside near...
Neo and Ontology Partner For 'Next-Gen Internet' Project
18.7.2019
Two major Chinese public blockchain developers Neo and Ontology have partnered in order to build an open cross-chain platform and develop "the next-gen Internet."
A whitepaper regarding the interoperability solution will be released in Q3 before the platform goes live in Q4, Ontology announced....
Tokyo ‘Builds SWIFT Network for Crypto Payments with FATF’s Blessing’
18.7.2019
The Japanese government is reportedly spearheading an international initiative to create a “network for cryptocurrency payments, similar to the SWIFT network used by banks” – in conjunction with the country’s top regulator and the inter-governmental Financial Action Task Force (FATF).
Reuters...
G7 Leaders Talk Cryptocurrency and Libra, Pledge to ‘Act Quickly’
18.7.2019
The G7 may throw up another roadblock for Facebook and its Libra project, as prominent attendees at a summit of ministers and central bankers expressed concerns – and promised action.
The summit is currently ongoing in Chantilly, France, and attendees include American Treasury Secretary Steven...