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Switcheo Unveils New Wrapped Bitcoin Markets
15.7.2019
Switcheo has announced its decision of adding Wrapped Bitcoin Markets, referred to as WBTC, to its DEX (decentralized crypto exchange). Switcheo made an official announcement through their blog post on Medium on 8th July 2019. Switcheo Network also posted a tweet on the same day, updating...
Experts Continue To Predict Strong Growth Despite Market Downfall After Trump’s Bitcoin Cameo
15.7.2019
Crypto market got its biggest shock in a long time when US President Donald Trump jumped into the crypto war, criticizing Bitcoin and other cryptocurrencies. He accused Bitcoin of helping anti-social activities like drug trafficking. The big guns of crypto fraternity took no time and reacted...
Pundi X Achieves Breakthrough For Crypto Adoption By Completing Integration With X990
15.7.2019
Future of crypto markets lies in the hands of adoption in general use, which will allow it to slowly and steadily compete with traditional currencies. That’s exactly what the pioneers of crypto wanted, a decentralized monetary ecosystem which would replace the tradition elite-controlled systems....
John McAfee Still Confident About $1 Million Bitcoin Prediction, Even After Drastic Fall
15.7.2019
Bitcoin‘s volatility continues to haunt, as the coin closed at the lowest on Sunday since June 23, at $10,234. However, John McAfee feels that investors shouldn’t be bothered about these fluctuations. He also said that he was still positive about his prediction that Bitcoin will touch the...
PR: Cred and Bitcoin.com Join Forces to Boost Crypto Lending
15.7.2019
By John Yearwood Cred Correspondent Amid a dramatic Bitcoin bull run, two of the most influential names in the blockchain finance industry have launched a platform to expand global lending and earning on investments in cryptocurrency. The partnership between Bitcoin.com and Cred allows Bitcoin.com...
UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime
15.7.2019
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets
Hacked Crypto Exchange Bitpoint Discovers More Millions Are Missing
15.7.2019
After a $30-million hack last week, Japan-based cryptocurrency exchange Bitpoint says it's discovered that another $2.3 million is missing.
US Lawmakers Draft "Keep Big Tech out of Crypto" Bill
15.7.2019
American parliamentarians are moving fast in an attempt to stop major IT companies from offering financial services and issuing cryptocurrencies.
The draft discussion bill (which you can read in its entirety here), is entitled the Keep Big Tech out of Finance Act. The proposal has been circulated...
Crypto Markets See Double-Digit Crash, Bitcoin Dips Below USD 10,000
15.7.2019
Source: iStock/hocus-focus
After a short term recovery last week, when bitcoin price reached USD 13,000 again, it dropped over the weekend dipping even below the psychologically important level of USD 10,000 for c. 10 minutes on Monday morning (UTC time). Only a few coins from the top 100 are...
How US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra
14.7.2019
Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion...
PR: Matrix Exchange Receives Approval From Abu Dhabi Global Market
14.7.2019
Abu Dhabi-based crypto asset exchange, Matrix Exchange announced on July 12 that it has received an In-Principle Approval (IPA) from by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to operate as a crypto asset exchange and custodian in ADGM.
The post...
Hackers Stole $32 Million Worth of Crypto from BITPoint
14.7.2019
In yet another incident of massive crypto theft, BITPoint has reportedly been robbed of around $32 million worth of cryptocurrency. The investigators who are investigating this fraud have found that hackers got access to the BITPoint system for around 12 hours and in that period, this whole...
Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
14.7.2019
Arley Lozano, founder of the cryptocurrency based startup Panda Group, recently explained how his firm is spreading cryptocurrency adoption throughout Colombia and Venezuela. Panda Group has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that also act as automated teller machines...
South African Payment Gateway Drops BTC Over Fees and Network Congestion
13.7.2019
On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.”...
Thailand Endorses Four New Crypto Service Providers to Operate in Country Legally!
13.7.2019
Thai SEC (Securities and Exchange Commission) has authoritatively endorsed four new digital asset business service providers. Moreover, new conditions, rules, and methods have been presented for digital asset organizations. Under the nation’s present regulatory system for digital tokens...
Binance Adds Margin as Exchange Competition Heats Up
13.7.2019
This week, the world’s largest exchange by trading volume, Binance, launched margin trading. In doing so, it made the elite group of exchanges that offer crypto derivatives less exclusive than it once was. Binance, Kucoin, and Bitmax have all rolled out margin products this year, in a bid...
Binance Turns 2, And the Excitement doubles!
13.7.2019
CryptonewsZ Raises a Toast to the World’s Largest Crypto Exchange Legendary icons don’t need much of an introduction. And so is the case with the world’s leading crypto exchange- Binance. With 1.2 Billion average volume daily, more than 1,400,000 transactions every second, and the customer support...
Georgia Exempts Crypto Trading from VAT, Agrees that Crypto is Currency and Not Commodity
13.7.2019
It has been a long debate among regulators worldwide on whether cryptocurrencies should be regarded as commodities like Gold and Silver or as currencies like USD and GBP. The question is particularly important because it decides the future of crypto and crypto trading. Taking a stand on the matter...
One More Crypto Firm Wants to Provide Bitcoin Derivative Offerings in United States
13.7.2019
Investors in the US will soon be able to opt for Bitcoin derivatives from one more crypto company. trueDigital Holdings LLC, the global institutional platform based in New York for digital finance, has disclosed its plans of offering Bitcoin derivatives to the investors in the United States....
Retail is Still Steering the Crypto Price Rally, Says Binance CEO
13.7.2019
The industry of digital currency has been experiencing tremendous run in the ongoing year, especially since the past few months where prices have been at their best. There are a majority of industry experts who feel that the reason behind this rally is the demand created by the entry...