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BTC and Altcoin Pay is Growing Fast, Says Crypto Payment Firm BitPay
27.8.2020
Source: Adobe/Wit (edited by Cryptonews)
Atlanta-based crypto pay service provider BitPay says that bitcoin (BTC) and altcoin payments are on the rise – with the number of transactions on its platform growing by 4.6% in June.
Per data released by the firm, 107,000 crypto pay transactions were...
YouTube’s Whac-a-Mole Approach to Crypto Scam Ads Still Remains a Problem
27.8.2020
Despite lawsuits and Google’s own ad policies, cryptocurrency scam ads are still making it through the YouTube gates and circulating for days
African crypto exchange raises $1.5M from Andreessen Horowitz and others
27.8.2020
Crypto is truly a global asset class
The leaders of a fake crypto exchange are now behind bars
27.8.2020
Choi and Park lost their last chance not to serve a jail time
‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper
27.8.2020
The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading Indian newspaper The Economic Times, the Financial...
More Than 95% of Crypto Futures Volume Is in Asia: Report
27.8.2020
Asian exchanges account for more than 95% of the futures volume in crypto, according to a new report by Switzerland-based Blockchain Valley Ventures
US in 'Terminal Debt Spiral', Might Help Crypto & Digital USD Adoption
27.8.2020
With governments across the world pumping public spending to mitigate the economic impact of the COVID-19 pandemic, 2020 could be a record-breaking year for debt. While this year’s spending extravaganza could tank the value of currencies worldwide and spur a hike in inflation, as stated a recent...
South Korean Court Sends Bogus Crypto Exchange Chiefs to Prison
27.8.2020
In what has been a torrid week for South Korean crypto exchanges, the CEO and the executive director of a legitimate-looking trading platform have been sent to jail for three and two years respectively – after a court found them guilty of duping investors with a bogus exchange.
A branch of...
New SEC Filing Shows Fidelity Preparing to Launch Bitcoin Fund
27.8.2020
The U.S. Securities and Exchange Commission (SEC) has published a new filing for a bitcoin fund, submitted by Fidelity Investments’ head of strategy and planning. Bitcoin Index Fund Filed With SEC The SEC published Wednesday a Notice of Exempt Offering of Securities (Form D) filing for a...
Chainalysis Report Shows Healthy Crypto Usage in Venezuela
27.8.2020
The Venezuelan government's push to create a cryptocurrency-centric economy appears to be working, but perhaps not in the way officials had hoped
Russia Is Blocking Bitcoin-Related Websites Again
27.8.2020
Russian internet censorship agency Roskomnadzor has persuaded a court to block various crypto sites including a popular bitcoin OTC data provider
Binance and Oasis Labs Launch Alliance to Combat Crypto Fraud and Hacks
27.8.2020
The aim is a comprehensive database of information gleaned from previous hacks and fraud used to proactively fight future ones. The platform supports Bitcoin, Ethereum, TRX and EOS blockchains
BlockFi Adds an Independent Pricing Partner to Guard Against Flash Crashes
27.8.2020
CF Benchmarks will now update prices on crypto deposits at BlockFi every second, allowing the lender to hedge against sudden market moves
BitGo seeks to become a qualified crypto custodian in New York state
27.8.2020
Digital asset financial services firm BitGo has formally applied for a New York Trust Charter from the NYDFS
LINE expands blockchain and crypto product portfolio with two new additions
27.8.2020
Japanese messaging giant LINE will ease the development of blockchain services and digital asset management through its two new products
Taurion game's Treasure Hunt III attracts alpha testers with token and crypto prizes
27.8.2020
Big name games and developers donate prizes to cross-promote titles while encouraging players to load test Taurion’s alpha release
Crypto Exchange CEO 'Assaulted, Extorted Staff, Ordered Data Manipulation’
27.8.2020
Under-fire South Korean crypto exchange Coinbit has denied manipulation allegations after police raided the firm’s headquarters – but an ex-employee alleges the exchange’s “violent” CEO assaulted staff, and extorted and threatened employees.
Per Seoul Shinmun, a Coinbit official stated that...
Authorities block Russia’s top crypto exchange aggregator
27.8.2020
The website is still accessible through VPNs and mirrors
Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions
27.8.2020
With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also...
Korean Police Seize Crypto Exchange Coinbit Over Allegations of $84 Million in Wash Trades
27.8.2020
Police in South Korea on Wednesday raided and seized the offices of Coinbit, the country’s third largest crypto exchange, over allegations it faked 99% of its trading volume. According to a report from Seoul News, local police took control of Coinbit’s headquarters in Gangnam as well...