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Blockchain Grew by 4 Million Wallets in Two Months
14.6.2019
Peter Smith, CEO of Blockchain. Source: a video screenshot, Youtube/Bloomberg
Blockchain, a Luxembourg-based major cryptocurrency wallet provider, claims it added more than 4 million new wallets in April and May, or more than double, compared to the same period of 2018.
As a reminder, a new wallet...
Ripple's Partner, MoneyGram is 'Ripe' for Blockchain
14.6.2019
While rumors were flying earlier in June that U.S.-based major money transfer company MoneyGram was acquired by Ripple, a U.S.-based crypto startup focusing on the banking sector, it appears that the money transfer company was already running "some pilot and trial" of blockchain-based solutions...
Bitcoin Gains Momentum While Altcoins Correct Lower
14.6.2019
In the past three days, there was a steady rise in bitcoin price above the USD 8,000 and USD 8,100 resistance levels. BTC/USD gained bullish momentum above USD 8,100 and recently broke the USD 8,220 resistance level. It tested the USD 8,300 level and remains in strong uptrend. Conversely, there...
Binance U.S. Partnership News Puts BNB Under Question, Coin Drops
14.6.2019
Major cryptocurrency exchange Binance confirmed it will enter the U.S. market via partnership with a local company, BAM Trading Services. Now, one of the main questions being discussed is what will happen with Binance Coin (BNB), the native token of the exchange, after the Binance.US...
Facebook Coin Raises Over USD 120M from Visa, PayPal and the Like
14.6.2019
Social media giant Facebook has reportedly managed to find more than a dozen companies that will invest in its payments project, Libra, around USD 10 million each.
Venture capitalists, financial, e-commerce, telecommunications companies such as Visa, Mastercard, PayPal Holdings and Uber...
Bakkt to Start Testing its Bitcoin Futures on July 22
13.6.2019
Source: iStock/magical_light
Much-anticipated and oft-delayed crypto trading platform Bakkt aims to initiate user acceptance testing for its bitcoin futures on July 22, the company announced today.
"This launch will usher in a new standard for accessing crypto markets. Compared to other markets...
Coinbase and Circle Opened Doors to New USDC Issuers
13.6.2019
News came out of Centre Consortium today, the joint venture of crypto giants Circle and Coinbase – the stablecoin network is now open for industry participation and broader membership.
As a reminder, in October 2018, Circle and Coinbase partnered up and formed the Consortium, but also launched...
McAfee Magic Crypto Trading Platform is Live
13.6.2019
John McAfee. Source: Twitter/@officialmcafee
Crypto advocate and IT security entrepreneur, John McAfee, launched a cryptocurrency trading platform.
WE ARE UP!!!!!The hackers are banished to the writhing mass of nothing from which they came.https://t.co/5jRN3sSyUg is up, live, and waiting for your...
S Korean Crypto-Pay Company Dragged into Mega Burning Sun Scandal
13.6.2019
Seungri. Source: a video screenshot, Youtube/CNBC Indonesia
A South Korean cryptocurrency payments platform Nupay is the latest company to be pulled into the aftermath of the long-running major Burning Sun K-pop drug, sex and prostitution scandal.
The scandal originated with a police investigation...
Governments Keep Unintentionally Pushing People into Crypto
13.6.2019
Source: A video screenshot, Youtube/CBS News
As people’s locked-away savings come under threat in Italy and citizens are increasingly worried about spying on them in China, the countries around the world are once again unintentionally pushing people into the arms of crypto.
One would think that...
Bitcoin Above USD 8,000 Again, Altcoins Climbed Higher
13.6.2019
Yesterday, we saw positive signs, resulting in an upward move in bitcoin price above the USD 7,900 and USD 7,950 levels. BTC/USD gained traction and rallied above the key USD 8,000 resistance area. The price even traded towards the USD 8,200 resistance level and currently (08:10 UTC) trading with...
Jack Dorsey's Crypto Team Just Got its First Member
13.6.2019
Jack Dorsey. Source: a video screenshot, Youtube/Ted
Payments company Square, co-founded and led by Twitter CEO Jack Dorsey, just hired the first member of its cryptocurrency-focused division, Square Crypto.
Steve Lee. Steve Lee, an angel investor, startup advisor, and former product director...
Kenetic Starts New Fund, Sees Asia as a Home for Blockchain Generation
12.6.2019
Jehan Chu. Kenetic will soon be launching a new venture capital fund that is “pure equity, obviously blockchain only”, Jehan Chu, co-founder and managing partner at Kenetic Capital, a blockchain investment and advisory firm, told Cryptonews.com in an interview about their plans, the blockchain...
Coinbase Leads the 'Most Trusted' Exchanges Ranking, Binance is 8th
12.6.2019
Below, is the top 10 "most trusted and reliable exchanges" "for investors and traders who want to identify the best venues for their risk appetite," ranked by crypto market data provider CryptoCompare.
Today, the company launched its inaugural Exchange Benchmark in response to the problem of wash...
Mexican Crypto Exchange Makes 11th-hour Bid to Halt Regulations
12.6.2019
One of Mexico’s largest cryptocurrency exchanges, Bitso, has made a last-minute plea to stop the central bank imposing tough new fintech regulations, urging it to go with "international"-style guidelines instead.
As previously reported onCryptonews.com, Mexico’s central bank (known as Banxico)...
Cryptoworld Getting Ready for Major Regulatory Blow
12.6.2019
As the Financial Action Task Force (FATF) is preparing to present a note on June 21, explaining to all the members of this inter-governmental effort how they should oversee virtual assets, the cryptoverse is embracing for the possible consequences.
As a reminder, FATF wants all business that...
Bitcoin and Altcoins Gaining Pace
12.6.2019
In the past few sessions, there was a slow and steady rise in bitcoin price above the USD 7,700 and USD 7,800 levels. BTC/USD touched the USD 8,000 level on a couple of occasions, but it failed to gain momentum. At the moment, the price is trading in a range below USD 8,000 and it seems like there...
Coinbase Card Adds Six Countries, More to Come 'in the Coming Months'
12.6.2019
Source: Twitter/@dftrades
Starting June 12, Coinbase Card, a Visa debit card issued by U.S.-based major crypto company Coinbase, best known for its exchange and wallet services, is available in another six European countries.
After the card was launched in the UK in April 2019, now customers...
Coinmine Aims to Increase Efficiency of its Crypto Device this Summer
11.6.2019
Coinmine One. Coinmine, a Coinbase, among other investors, backed crypto tech startup, hopes that the next update of its Coinmine One, a device capable of mining cryptocurrencies, will happen in the coming weeks and will improve efficiency of the device and bring new features, Farbood Nivi,...
Visa Launches Long-awaited Blockchain Product for Business Clients
11.6.2019
Payment card giant Visa launched their long anticipated international digital identity system based on blockchain architecture, Visa B2B Connect today. The company claims it will allow financial institutions to quickly process high-value corporate cross-border payments globally.
According to...