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Samsung Teams With Banks, Telcos for Mobile ID Network Based on Blockchain
15.7.2019
Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network
Bitcoin’s Price Could Rise If Facebook’s Crypto Survives Congress Hearings
15.7.2019
Bitcoin is under pressure ahead of U.S. congressional hearings on Facebook’s Libra cryptocurrency on July 16 and 17. But what happens next?
Pundi X Partners With PoS Giant, Brings Crypto to More Retailers
15.7.2019
VeriFone X990 and Pundi XPASS card. Singapore-based blockchain company Pundi X claims it has made another step towards cryptocurrency adoption by integrating its technology into traditional point-of-sale (PoS) terminals, released by a major provider of such devices, U.S.-based Verifone.
According...
Buterin’s 'Ethereum+Bitcoin Cash' Scalability Solution Draws Criticism
15.7.2019
Vitalik Buterin, co-founder of Ethereum. Source: a video screenshot, edited by Cryptonews.com
A new Ethereum scalability solution, which would include using the Bitcoin Cash (BCH) blockchain as the data layer, proposed by Ethereum co-founder Vitalik Buterin, was met with a wave of criticism....
Korea’s Biggest Credit Card Firm Wins Patent for Blockchain Credit System
15.7.2019
Shinhan Card has been granted a patent for a blockchain payment system that could reportedly do away with physical credit cards
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
Bitcoin and Altcoins Trend Turns Bearish
15.7.2019
This past week, bitcoin and altcoins struggled to continue higher. BTC/USD topped near the USD 13,000 resistance area and recently started a significant downward move below USD 12,000 and USD 11,000. The price dipped more than USD 1,000 in a few hours and tested the USD 10,000 support area....
Blockchain Consortium Startup R3 Said to Be Considering an IPO
15.7.2019
Blockchain consortium startup R3 is mulling an IPO, according to Bloomberg sources
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...
SK, LG U+ and KT Join Samsung and Banks on Blockchain Project
15.7.2019
All three of South Korea’s major mobile carriers, KT, SK and LG U+, have joined forces with Samsung, banks KEB Hana and Woori and financial IT firm Koscom to collaborate on a blockchain-powered mobile identification platform.
The consortium says its platform, which should be available on almost...
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...
US May Bar Large Tech Firms From Issuing Cryptocurrencies
15.7.2019
Lawmakers in the U.S. are discussing a bill that seeks to prevent large technology institutions in the country from issuing cryptocurrencies
Below $10K: Bitcoin Price Drops $1.4K in 24 Hours to Hit 2-Week Low
15.7.2019
The cryptocurrency markets fell sharply on July 14 after bitcoin (BTC) endured another $1400 sell-off, denying the bulls a chance to revisit 2019 highs
Bitcoin Cash Merchant Adoption Grows and Exchange Supports BCH in the Weekly Video Update
15.7.2019
Businesses around the world continue to adopt bitcoin cash as a payment method and an exchange adds support for trading BCH. Watch these and other developments discussed in this week’s video update hosted by Roger Ver on Bitcoin.com’s Youtube channel. Also Read: Win 2019 Rugby World...
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...
Police Bust Chinese Bitcoin Mining Farm After Surge in Power Usage
14.7.2019
Police confiscated over 4,000 mining devices in a 20 person bust
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...
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...