• 5 Millions New Users Added To Coinbase In Just 10 Months
    Coinbase, one of America’s largest cryptocurrency trading portal has disclosed that it added 5 million new users in the last ten months, according to reports. The San Francisco-based cryptocurrency exchange released a paper showing that by the end of September 2018, it had 25 million customers.In 2019, the numbers rose up sharply, and now has about 30 million users. This growth can largely be credited to significant increase in bitcoin prices. The period of growth has been displayed in the tweet below.
    Coinbase has passed 30million users this month(adding 5million users in the last ~10 months)#bitcoin pic.twitter.com/3SNO7HwBxg — Alistair Milne (@alistairmilne) July 22, 2019 This period of growth has been monumental for the exchange, which also made some great in-house developments over this period. Back in 2018, Coinbase was available in only 32 states but they have expanded massively. In May 2019, the exchange announced that it had expanded its crypto-to-crypto trading operations in over 100 countries. This is a massive hike in their user base than what it was in 2018. Meanwhile, the platform also made some new additions. They listed new cryptocurrencies, including EOS, XRP, and a host of other altcoins in that same period. Now wonder ... read more
    Source: BTC WiresPublished on 2019-07-22By Sumedha Bose
    37 mins ago
  • Analyst: Bakkt Could be a Huge Catalyst for Bitcoin; Is a Price Surge Inbound?
    Despite facing multiple long delays, the highly anticipated Bakkt Bitcoin futures platform has finally began testing, and many analysts are now noting that the release of this platform could greatly enhance BTC and the overall crypto markets. Importantly, one analyst group is now noting that the official launch of this platform could be a “huge catalyst” for Bitcoin and the aggregated crypto markets, which could ultimately help provide some stability to the highly volatile markets. Bakkt Begins Official Testing of Bitcoin Futures Platform After Six Months of Delays  Although Bakkt has been delayed on several occasions, it does appear that the platform is rapidly coming to fruition, which could be a very positive thing for the markets. The key to the Bakkt platform that makes it more advantageous to the markets than other futures platforms is that all trades are physically settled with Bitcoin, which means that all profitable trades are paid out with actual Bitcoin, rather than a sum of cash that is equivalent to the value of the BTC. “Bakkt begins testing on Monday. The hype is bakkt with substance though. Unlike other futures exchanges, this is settled in bitcoin. Hard, actual bitcoin is paid out, not fiat ... read more
    Source: News BTCPublished on 2019-07-22By Cole Petersen
    45 mins ago
  • Research Claims Block Reward Halvings are Overhyped
    Strix Leviathan, a company building institutional-grade trading algorithms, has conducted research that leads them to believe there is no correlation between cryptocurrency returns distributions, and block reward halving events. This is contrary to popular belief that the disinflationary supply schedule changes the equilibrium demand-supply zone, July 21, 2019. Statistical Distribution Shows No Correlation Bitcoin andRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News ... read more
    Source: BTC ManagerPublished on 2019-07-22By Ashwath Balakrishnan
    45 mins ago
  • Payments Market Battle is Underway XRP, QTUM, NPXS, NANO, Jul. 22
    The cryptocurrency market saw further consolidation last week as Bitcoin tested support levels. Despite moving sharply below $9,000, BTC recovered to trade above the $10,000 level once more. The total market cap for the sector is near $290 billion as coins try to find their level amidst choppy volumes and headlines surrounding regulation. BTC continues to build stronger dominance of the overall market with 65% and the recent move higher threatens to make a move on the 70-75% range, according to data from www.coinmarketcap.com. The asset manager Grayscale released a Digital Asset Investment Report, which noted that assets under management (AUM) had nearly tripled from $926m to $2.7 billion. The report also highlighted that institutional investors now account for 84% of demand at the firm. The rise in institutional demand will have powered the recovery in the market, however, it will likely take more retail investor involvement to see new highs. The arrival of Facebook’s Libra currency could be a key factor in this if regulators approve its usage.  XRP Ripple’s XRP still holds third place in the list of coins by market cap with a value of nearly $10 billion less. Despite rallying to $0.50 in recent weeks, ... read more
    Source: BitratesPublished on 2019-07-22By Kevin George
    52 mins ago
  • Circle Wants To Attract New Users By Expanding Its Operations To Bermuda
    Circle, one of the most influential companies in the cryptocurrency market, decided to launch a new subsidiary in Bermuda. The main goal behind this move is to attract […] The post Circle Wants To Attract New Users By Expanding Its Operations To Bermuda appeared first on UseTheBitcoin. ... read more
    Source: Use The BitcoinPublished on 2019-07-22By Carlos Terenzi
    1 hour ago
  • Bakkt Will Begin User Testing For Bitcoin Futures Today
    Bakkt is about to launch Bitcoin Contracts Futures according to a blog post by Adam White, the Chief Operating Officer at Bakkt and ex Former Vicepresident at Coinbase. The launch is scheduled for today, 22nd of July, 2019. For those that are not familiar with Bakkt, it’s a subsidiary of the Intercontinental Exchange (ICE) which is an American company that owns the New York Stock Exchange. A quote from the blog post I had have mentioned: “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US.” Compared to other markets, the crypto market has lower volume due to limitations like market infrastructure and regulatory certainty. Thus, results in high volatility due to the lack of institutional investors. Bakkt is working pretty hard to get regulatory clearance from the Commodity Future Trading Commission, or the CFTC. As soon as Bakkt has the approval, it will launch its crypto futures products. Two futures contracts will be listed according to Bakk’s website: “1) A daily settlement bitcoin future, which will enable customers to transact in a same-day market. And ... read more
    Source: AltcoinBuzzPublished on 2019-07-22By Robert Patrinjei
    1 hour ago
  • Blockchain Ledgers Are Unlocking the Next Level of Forensics
    Cryptocurrency gets a bad rap, and the media loves to associate virtual currencies with criminal activity. But an immutable ledger is actually more useful as a tool to fight crime than it is for would-be criminals, as researchers, law enforcement and criminals are learning very quickly all over the world. Terrorist organizations, drug cartels, and other criminals aren’t likely to stop using cryptocurrency anytime soon. But banks and government have already created a slew of fintech forensic tools, which can track crypto transactions as easily as a trail of breadcrumbs. Welcome to crypto forensics – the next evolution of crime fighting. Tracking the Distributed Ledger With the exception of privacy coins, most cryptocurrencies have public ledgers. After popping up at the dawn of the Occupy movement, it’s no surprise Bitcoin’s first adopters were in the counterculture, including anarchists and cypherpunks. The currency was soon used for a lot of illegal activity, due to the mistaken belief that transactions were anonymous. Academic researchers throughout Europe, Asia, and the Americas quickly proved this wasn’t the case. UC San Diego researcher Sarah Meiklejohn has studied a variety of ways using external data points and big data can uncover people’s supposed anonymity. ... read more
    Source: Crypto BriefingPublished on 2019-07-22By Brian Penny
    1 hour ago
  • Canada’s Cyrptocurency Business
    Ontario Ottawa, Canada, 2019-Jul-21 – After 4 years of experience in cryptocurrency mining, Gominer company has gained a lot of attention from the crypto-community specially in Ottawa Canada where their office is located. The company has been mining cryptocurrencies for a long time but never offered their services to the public which made the people […] Source ... read more
    Source: CryptocurrencyGuide.orgPublished on 2019-07-22By Press Release
    2 hours ago
  • Survey: Just Four Percent of US Public Favour Bitcoin or Other Crypto Assets as a 10+ Year Investment
    According to a survey produced by financial services firm BankRate, Bitcoin and crypto do not represent a popular choice of investment vehicle for a decade or more amongst the US public. The findings show that just four percent of respondents preferred digital currencies over other more traditional investments. Beating Bitcoin, crypto assets, and everything else for that matter, was real estate. Almost a third of those answering the survey declared the investment vehicle to be the one most likely to retain value over the next 10 years. America’s Most Popular Investment Is Housing, not Bitcoin The survey, conducted by BankRate, put forward the question: “For money you wouldn’t need for 10 years, which ONE of the following do you think would be the best way to invest?”
    Bankrate's chief financial analyst, @BankrateGreg, joins @YahooFinance to discuss Bankrate's latest survey: Why real estate is Americans' favorite long-term investment. Watch the full video here: https://t.co/eLrkkHMMbK — Bankrate (@Bankrate) July 18, 2019 Thirty-one percent of respondents stated that they would prefer to own real estate over any of the other investment categories given as multiple choice answers. The second most popular choice was stocks (20 percent), followed by cash ... read more
    Source: News BTCPublished on 2019-07-22By Rick D.
    2 hours ago
  • Circle Moves Their Business Operations To Bermuda
    Circle has for long been struggling with excessive regulations in the U.S., where matters might get worse in the future. Which is why in a drastic decision, they have decided to move to Bermuda. It announced that it is moving nearly 100% of its exchange operations offshore, to Bermuda. This is primarily because the regulatory environment is stifling their growth and more stringent regulations are expected in the future, made by the U.S. lawmakers and the Treasury Secretary. Circle has already received a Digital Assets Business Act license, which would permit them to conduct business in Bermuda. According to Circle CEO Jeremy Allaire, “Europe and Asia are both pretty significant markets for us in particular [and] the USDC stablecoin is particularly popular with institutional Asian investors.” Last weak’s U.S. Senate and Congress hearings over Facebook’s Libra cryptocurrency, has once again triggered a vehement debate around Bitcoin. It is quite possible that other crypto-companies could follow suit. Many prominent people from the industry have voiced their frustrations against the lack of greater clarity in terms of regulations. Allaire said that “the lack of regulatory frameworks significantly limits what can be offered to individuals and businesses in the U.S.” Circle now has plans to  ... read more
    Source: BTC WiresPublished on 2019-07-22By Sumedha Bose
    2 hours ago
  • Bitcoin Maximalists Vs Altcoins: The Crypto War Of Our Time?
    Now if you’ve been in the space for a while now, then you may have heard of the term ‘Bitcoin maximalists’. In case you haven’t, they are basically extreme believers that the leading cryptocurrency is the best digital asset. There is almost a war going on between Bitcoin maximalists and altcoins which has been going on for years now. This ‘feud’ isn’t a face to face thing of course, just via social media, where most feuds are settled. Essentially, the argument goes that the maximalists think that altcoins do not have a future. A lot of them say that the altcoins are dying a slow death and so they, therefore, believe that the altcoins death will prove Bitcoin bulls had been right to hate on other cryptocurrencies. One Reddit user has ‘fanned’ out these feuds by defining the term ‘alt-season’ as a “nefarious heap of bitcoin maximalist psychological horseshit.” The angry altcoin enthusiast went on to say: “The term altcoin (while genuinely a thing within the space) has always been a term that only makes sense from the perspective of Bitcoin maximalists, subconsciously implying a binary division between Bitcoin (the market leader) and everything else.” Bitcoins Limits  ... read more
    Source: CryptodailyPublished on 2019-07-22By Adrian Barkley
    2 hours ago
  • Ethereum co-founder Joseph Lubin taken to court for $13 million for failed ConsenSys spinout Token Foundry
    ConsenSys founder and Ethereum co-founder Joseph Lubin was summoned to court in a $13 million lawsuit connected to failed ConsenSys spinout Token Foundry. Charges levied against Lubin by the startup’s former CEO, Harrison Hines, include fraud, unjust enrichment, and breach of contract. Joseph Lubin appeared in court this month, according to a court summons filed in June. The lawsuit is related to Token Foundry, a startup founded in 2017 that initially set out to create a “safe and fair” way to participate in ICOs—just as interest in the mostly unregulated fundraising method hit its stride. However, it seems Token Foundry flopped. The platform completed four offerings since its inception, one of which failed to meet its minimum funding threshold. To date, the platform raised approximately $48 million from investors. For comparison, Russian-run competitor ICOBox, which was also founded in 2017, has thus far facilitated over 100 ICOs and claims to have raised over $650 million for clients over a similar timeframe. The firm charges 40 Bitcoin plus 3 percent of token sales revenue per ICO, suggesting that the service is (or at least was) lucrative. Token Foundry torn apart by internal conflict? Token Foundry appears to have been crippled by ... read more
    Source: CryptoslatePublished on 2019-07-22By Mitchell Moos
    2 hours ago
  • Indian authorities confiscate $3 million in Bitcoin from scammers
    Indian law enforcers and authorities confiscate three million dollars ($3M) in Bitcoin from a scammer group, reported the Times of India. Bitcoin (BTC) and other cryptocurrencies are surely much more secure than average financial systems; however, it does not mean that the ecosystem is free of scams and swindles. Many cryptocurrency projects including start-ups as well as ICOs and exchanges have been proven to be scams over the last couple of years, and now one such a case has reared its ugly head in Asia. In Gujarat India, property worth around five million dollars ($5,000,000) was confiscated from the person involved in Bitconnect cryptocurrency scam.   Local sources reported that the property included around two hundred and eighty Bitcoins (280 BTC) worth two point nine million dollars ($2.9) as well as land with an estimated value of two point six million dollars. The apprehension of the man known as Rakesh Savani followed the seizure. The ICO price was just at 20 cents, so the promised return was at least 300,000% of the initial investment. However, the tokens were only available at their proprietary exchanges. The price of the cryptocurrency fell to a few cents as US regulators warned ... read more
    Source: CryptopolitanPublished on 2019-07-22By Taha Farooqui
    3 hours ago
  • Steve Wozniak, Apple Co-founder at the DELTA Pre-Summit in Malta, Talks Disruption and Efficiency
    Coinspeaker Steve Wozniak, Apple Co-founder at the DELTA Pre-Summit in Malta, Talks Disruption and EfficiencyAhead of DELTA Summit 2019 this October, organizers secured a pre-summit discussion between Apple co-founder Wozniak, Silvio Schembri, Malta’s Junior Minister for Financial Services and Digital Economy, and Jacopo Visetti, co-founder of Efforce.During the pre-summit – held in the grand surroundings of the Auberge de Castille, the Office of the Prime Minister of Malta – Dr Abdalla Kablan, Malta-based technologist and DELTA Summit founder, promised the event would combine intellectual and economic stimulation and will rank among the world’s top tech events for 2019.He said:“We were honoured to welcome Steve Wozniak to Malta to meet with Minister Schembri.”“As a co-founder of Apple, Steve’s reputation preceded him. He was at the forefront of developing what is now one of the biggest and most innovative companies in the world.“His insight into the future of technology is invaluable, and he is the type of thought leader we strive to attract to Malta and DELTA Summit”DELTA Summit 2019 will widen its scope to focus not only on blockchain, but on artificial intelligence, the internet of things, esports and game development, as Malta continues its reputation of pioneering the development of ... read more
    Source: CoinspeakerPublished on 2019-07-22By Svetlana Soroka
    3 hours ago
  • San Marino’s Government Signs MoU With VeChain
    Blockchain platform VeChain and the Republic of San Marino have signed an MoU (Memorandum of Understanding) recently, with the agreement geared towards having the two entities try and make use of blockchain tech for the incentivization of ecologically sustainable behaviour from the citizens. This new development was reported by a local news outlet on the 22nd of July. San Marino Secretariat of Industry, Craft, Trade, Labor, Cooperation and Telecommunications, Republic of San Marino Innovation Institute S.p.A, management systems certification body DNV GL Business Assurance Group AS, and VeChain Foundation Limited were the parties that were involved in sealing the deal and signing the MoU. The goal of this MoU, especially for the Republic of San Marino, is “to become the first zero-emissions country in the world.” The decision is a reflection of San Marino’s recent decision to encourage a technologically innovative ecosystem and pave the way for a digital transformation of the country. The parties intend to partner in a way that promotes sustainable and responsible behaviour among citizens. Such environmentally conscious attitudes can bring down the existing levels of carbonic acid gas emissions, wastage of water and waste generation. As a part of this program, citizens who are able ... read more
    Source: BTC WiresPublished on 2019-07-22By Rushali Shome
    3 hours ago
  • SWIFT Approaching Ripple (XRP) Speeds In Latest Cross-Border Payment Trial
    The Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT has successfully completed a cross-border payment from Australia to Singapore, in only 13 seconds in a new trial the international payments prcoessing giant is experimenting with, reaching speeds closer and closer to what Ripple – the crypto asset aiming to distrust SWIFT and the cross-border payments industry – is capable of. Last month, Ripple announced a partnership with cross-border settlement powerhouse MoneyGram, in its latest attempt to disrupt the industry. But while the news was able to cause MoneyGram stock prices to soar, it’s done very little for Ripple and XRP, which has only further dropped in price and sentiment since then. Is Ripple swiftly losing ground to SWIFT, or is the MoneyGram move enough to secure Ripple’s place in the cross-border settlement space? SWIFT Makes a Major Payments Splash While XRP Crypto Barely Makes a Ripple Ripple, also known as XRP, the native cryptocurrency token for the Ripple protocol, is positioned to become the eventual replacement for cross-border settlements and payments, such as SWIFT-based bank wires, Western Union payments, and more. It’s a multi-trillion dollar industry that’s done little in the way of evolving over the years. Related ... read more
    Source: News BTCPublished on 2019-07-22By Tony Spilotro
    3 hours ago
  • Tron dApps Volume Reaches a new Record, Surpassing Ethereum and EOS
    According to analytics published by Dappreview on July 21, Tron dApps volume hit a new record high at $67,944,673.82, surpassing both Ethereum and EOS which respectively hold a daily volume of $5,583,074.11 and $11,030,606.39.  TRONbet brings Tron on the podium Tron is rapidly climbing the rankings as the best platform for creating decentralized applications (dApps).Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News ... read more
    Source: BTC ManagerPublished on 2019-07-22By Edoardo Vecchio
    3 hours ago
  • Ready To Start Mining? Here’s What You Need To Know
    Cryptocurrency prices are back on the rise, and the number of miners is rising with them. In the past couple of months, hashrates have been racing higher, indicating that some large-scale miners may be back in business So you might be thinking it’s time to fire up your own rig again, or perhaps order parts and set up your own little mining farm for the first time. But before you start counting your bitcoins, it’s worth taking the time to understand some of the fundamentals of the cryptocurrency economy. Each cryptocurrency uses a distinct algorithm, which incurs important tradeoffs in centralization, equipment and network security.  
    Bitcoin hash rates over the past year. source: www.blockchain.com   Here’s what you need to know about mining equipment: CPU Mining If you go waaaay back (about nine years), you would find that older cryptocurrencies were mined with CPUs, the basic processor in any computer. CPUs offered the greatest flexibility, and could perform whatever algorithm was needed to solve mining puzzles for block rewards. This is generally referred to as “Proof-of-Work,” since the computer must solve a puzzle in order to add transactions to the ledger. It’s kind of like ... read more
    Source: Crypto BriefingPublished on 2019-07-22By Darren Kleine
    3 hours ago
  • Adoption: Bank Of America Set To Develop A Payment System Based On Ripple’s DLT
    Ripple has been bagging huge partnerships this year and therefore gaining a lot of traction. Today, it has come to light that one of the largest banks in the US, Bank of America filed a patent application for a distributed ledger system for interbank communications based on Ripple’s distributed ledger technology (DLT). This patent seems to have been filed on June 6th and is titled “Real-time Net Settlement by Distributed Ledger System.” The Patent Application Is Pending Approval The Bank of America is one of the world’s leading banks that are at the cutting edge of adoption of cryptocurrency and blockchain technology with similar patents applications successfully obtained. If you can recall, in 2018, the Bank of America won a patent for blockchain use in data storage technologies.   The patent in question today was filed by the Bank of America Corp itself but is pending approval from the US Patent and Trademark Office. Once approved, the bank will then go ahead to launch this system.  The abstract of the patent application reads, “Embodiments of the present invention provide a system operatively connected with a blockchain distributed network and for using the blockchain distributed network for providing aggregate tracking and threshold ... read more
    Source: ZyCryptoPublished on 2019-07-22By Brenda Ngari
    3 hours ago
  • Meth Trade in Asia Alone Equals Half of Bitcoin’s Total Market Cap
    A recent report by CNN has pegged Asia’s growing meth trade at an estimated valuation of around $61 billion this year. The industry has been rising by over $10 billion each year since 2010. Surprisingly, the figure amounts to roughly half of Bitcoin’s total market capitalization. While cryptocurrencies have long been accused of facilitating illegal activities, studies have shown that the proportion of such transactions is actually on the decline. US President Donald Trump, however, recently posted a rather critical tweet on the cryptocurrency market, putting particular emphasis on its past association with “unlawful behavior.”
    I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12, 2019 US Govt Thinks That BTC Facilitates Drug Trade According to the CNBC report, meth trade in East and Southeast Asia, Australia, New Zealand, and Bangladesh is now worth between $30-$61 billion, almost half of Bitcoin’s current market cap. According to another CNN report, meth trade is booming in these regions and will ... read more
    Source: BeincryptoPublished on 2019-07-22By Rahul N.
    3 hours ago
  • Bitcoin Futures Platform Bakkt Begins Testing Today
    It’s been a long road for Bitcoin futures platform Bakkt. The platform—developed by NYSE parent company Intercontinental Exchange (NYSE:ICE)—has faced a myriad of launch delays due to regulatory approval. It’s still waiting now, but in the meantime, it has begun testing its Bitcoin futures contracts today. Here’s what we know. Bakkt is Testing Bitcoin Futures Contracts The company announced in May that it would begin testing its contracts in July. It later settled on the date of July 22, which is today. The company has not disclosed what is involved in the testing process ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. ... read more
    Source: Crypto Currency NewsPublished on 2019-07-22By Maria Ohle
    3 hours ago
  • Ripple Ranks 13th on The SFBT Philanthropy Awards List
    According to findings, a significant factor to the rankings is the $25 million donations to the San Francisco State University by Ripple’s co-founder Chris Larsen. Ripple’s head of global operations, Eric Van Miltenburg commented on the rankings via twitter saying: “Proud of Ripple for earning recognition in the Bay Area for our social impact initiatives. Though it’s still early days, there’s a huge opportunity to give back.” Other philanthropic activities in the crypto industry Recently, TRON CEO Justin Sun donated $4.57 million to GLIDE Foundation, he donated a total of over $7.7 million towards charity in the FY2018-2019. In December 2018, TRON also partnered with Binance to donate over $100,000 towards Maltese Charity. Some weeks ago, Binance Charity Foundation (BCF), a philanthropic foundation by Binance Chain, collaborated with more than 46 companies to jointly launch a stablecoin, Pink Care Token. The token is designed to help and promote feminine well-being in underdeveloped regions globally. Earlier in May, the charity foundation also raised over $200,000 to aid their “Child Welfare Programme.” The crypto industry goals include breaking conventional barriers and providing the society with tools to eliminate the traditional monetary system dominated by the elite. Thus, striving for the ... read more
    Source: AltcoinBuzzPublished on 2019-07-22By Ifeanyi
    3 hours ago
  • Man Caught Trying To Launder Bitcoin On The Dark Web
    Have you heard of the Silk Road? Nope, not the ancient trade routes between the East and the West, but the rather sinister darknet drug marketplace. Recently a man was arrested on the Silk Road, for trying to launder $19 million of bitcoin earned on the drug marketplace, according to Homeland Security. The man’s name is Hugh Haney, who has been charged with money laundering and one count of engaging in a financial transaction using illegally-gotten gains. If he is found guilty, he could face up to 30 years behind bars. For those not too familiar with the Silk Road, it was one of the original and hugely popular darknet marketplaces for buying and selling drugs, and other illegal (and legal) items. People who could access the dark web would definitely trade extensively on the Silk Road. This man was caught trying to launder close to $19 million dollars worth of bitcoin, which is a huge sum. Once Haney tried moving the stolen funds to an unidentified crypto exchange, the Homeland Security was quick to identify him. Haney tried to defend himself by saying that the large amounts of bitcoin were proceeds from bitcoin mining, but the Homeland Security allegedly ... read more
    Source: BTC WiresPublished on 2019-07-22By Sumedha Bose
    3 hours ago
  • Libra Not Trusted by 49% of US and UK Respondents: Survey
    A recent survey, conducted by Viber, the instant messaging application, tells us that nearly half of US citizens and British citizens would not be too trusting of Libra, the new stablecoin being proposed and launched by a consortium of corporate majors, led by Facebook. Facebook’s much anticipated cryptocurrency project has already received a lot of flak, especially as concerns about Facebook’s past brushes with privacy issues have come up in the conversation. Now, it seems that many members of the public are also buying into the narrative of skeptical regulators. It seems that about 49 per cent of the people surveyed from the United Kingdom and the United States have stated that they would be unwilling to repose much faith in Facebook, which has had a tenuous history with regard to users’ data privacy issues. The respondents in the survey clearly tended to say that they would not be ready to trust Facebook to keep their private data safe when it came to them using the Libra crypto. Notably, any form of cryptocurrency should have the basic quality of decentralization inherent in it. However, with Facebook, commentators are doubtful as to how far the company may be trusted to handle ... read more
    Source: BTC WiresPublished on 2019-07-22By Rushali Shome
    3 hours ago
  • How Will the Crypto Markets Perform in Coming Years?
    The crypto markets roared back to life at the beginning of 2019 after having a poor year previously, but many concerns remain despite the impressive show in the first half of the year so far. In an interview, the Managing Director of the advisory firm PFYN Advisory, Patrick Franz, spoke broadly about the range of changes that could eventually propel the crypto space even further in the years to come. PFYN wishes to eventually harness a crypto markets ecosystem in which traders from all over the world can buy and sell cryptocurrencies around the clock without ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. ... read more
    Source: Crypto Currency NewsPublished on 2019-07-22By Ankit Singhania
    3 hours ago
  • StellarX launches mobile app for Android and iOS
    StellarX launches mobile app for Android and iOS - CryptoNinjas StellarX, the trading platform built on the Stellar universal marketplace, today updated on the launch of its new native mobile apps, which were designed and developed by the team behind BlockEQ (acquired by Coinsquare), the first Stellar mobile wallet application. “This is another step toward making StellarX accessible to everyone and increasing adoption and usage. […] StellarX launches mobile app for Android and iOS - CryptoNinjas ... read more
    Source: CryptoNinjasPublished on 2019-07-22By CryptoNinjas
    3 hours ago
  • Circle Shifts Exchange Operations to New Bermuda Office
    As the U.S. lawmakers and the Treasury Secretary consider implementing stringent regulations against cryptocurrency, Circle has packed its bags and moved offshore to Bermuda. Circle Moves to Evade Oppressive Regulation As regulatory pressure continues to stack up against cryptocurrency companies, Circle has announced that it is moving nearly 100% of its exchange operations offshore. Circle made the announcement earlier today after receiving a Digital Assets Business Act license to conduct business in Bermuda. According to Circle CEO Jeremy Allaire, roughly 70% of Poloniex uses live outside the U.S, and Circle’s Bermuda-based office will now be in charge of these accounts. Allaire also said: Europe and Asia are both pretty significant markets for us in particular [and] the USDC stablecoin is particularly popular with institutional Asian investors. The Lack of Regulatory Clarity is Stifling Growth It is possible that additional crypto-companies could follow suit as last week’s U.S. Senate and Congress hearings over Facebook’s Libra cryptocurrency thrust Bitcoin back into the spotlight. The closing comments from Steve Mnuchin suggested that more stringent regulation was coming to the industry, to prevent Bitcoin becoming “swiss-numbered bank accounts“. A number of crypto-company CEOs have repeatedly expressed their frustration that the lack ... read more
    Source: BitcoinistPublished on 2019-07-22By Eustace Cryptus
    4 hours ago
  • Central Bank of Germany Looks Favourably At Libra
    The Central Bank of Germany recently published the results of an interesting assessment that they undertook , in which they evaluated potential benefits and lacunas of central bank digital currencies (CBDCs), slong with stablecoins such as Facebook’s widely-discussed crypto project Libra. They released a  a monthly bulletin called “Crypto tokens in payment transactions and in securities settlement”, which contained the conclusions of the study conducted by the Bundesbank. Fortunately, they have been kind to Facebook’s most talked about project at the moment, Libra. The Bank believes that innovative projects such as Libra which are launched on a global scale should not be put under exessive regulatory supervision. The bank believes that these projects are especially useful since they aim to increase prosperity and transaction costs. The bank is firmly of the opinion that stringent regulations should not stifle innovation and creativity. “ […] a government should be as technology neutral as possible, so that the benefits of innovation can be made available for the financial sector.” The bank has however enumerated security, monetary and financial stability as aspects that should not be compromised, and the global regulators should undertake this responsibility to ensure the above. The bank emphasized that competition in the ... read more
    Source: BTC WiresPublished on 2019-07-22By Sumedha Bose
    4 hours ago
  • Ripple (XRP) Gains After Bank of America Includes Ripple Ledger
    Ripple (XRP) has turned bullish as the number of banks leveraging its decentralized network for cross border payments continues to rise. Reports that Bank of America has filed a patent for a settlement system citing Ripple ledger is one of the catalysts fuelling XRP price action right now. Ripple Price Catalysts The patent describes a system that utilizes a distributed ledger technology to facilitate interbank communication. With the proposed system, BAC seeks to enable real-time settlements through a decentralized ledger. The filing of the patent is of great importance as it comes at a ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. ... read more
    Source: Crypto Currency NewsPublished on 2019-07-22By Ankit Singhania
    4 hours ago
  • Coinbase Adds 5 Million Users in 10 Months, Bulls Returning?
    San Francisco-based cryptocurrency exchange Coinbase signed up 5 million new users in the last ten months, according to reports. America’s largest cryptocurrency trading portal detailed its upside in a document. The paper showed that it had 25 million customers by the end of September 2018. The number went up sharply in 2019, a period which also witnessed an increase in bitcoin prices. As of July 2019, the US exchange had brought about 30 million users to its trading platform.
    Coinbase has passed 30million users this month(adding 5million users in the last ~10 months)#bitcoin pic.twitter.com/3SNO7HwBxg — Alistair Milne (@alistairmilne) July 22, 2019 The period also saw Coinbase going through a string of significant in-house developments. In May 2019, the exchange announced that it had expanded its crypto-to-crypto trading operations in over 100 countries. The same time in 2018, Coinbase was available in only 32 states. The platform also listed new cryptocurrencies, including EOS, XRP, and a pool of other altcoins in the same timespan, bringing more communities to its shore. Notably, Coinbase also saw a lower number of hacks, especially around the theft at the world’s leading cryptocurrency exchange Binance. The firm is even shaking hands ... read more
    Source: BitcoinistPublished on 2019-07-22By davitbabayan
    4 hours ago
  • Bitcoin (BTC) is Back in Momentum: Is $12K on the Way?
    Bitcoin has retaken the $10,000 psychological level after coming under bearish pressure in recent weeks. The spike comes hot on the heels of growing optimism that Facebook’s Libra will make its much-awaited entry into the sector, in the first half of next year. The unveiling of Libra is of great importance as it is poised to fuel mainstream media coverage of cryptocurrencies. Bitcoin Price Catalysts The fact that the likes of Visa (NYSE:V), Mastercard (NYSE:MA), PayPal (NASDAQ:PYPL), and Uber (NYSE:UBER) have already invested in becoming members of the Libra Association all but raises the prospects of ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer. ... read more
    Source: Crypto Currency NewsPublished on 2019-07-22By Ankit Singhania
    4 hours ago
  • eToro’s Guy Hirsch Discussing Libra on Bloomberg
    Coinspeaker eToro’s Guy Hirsch Discussing Libra on BloombergIn the segment, Hirsch praises Facebook’s blockchain lead, David Marcus, for the exemplary job testifying in front of the Senate Banking Committee. According to Hirsch, Marcus provided lawmakers with a clear and informed explanation of Libra’s role in the future of payments and the regulatory compliance framework it aims to work within upon launch.eToro is a worldwide leader in pioneering the exchange of cryptoassets. As one of the first traditional online trading platforms to offer Bitcoin as a tradable asset, the company has quickly established itself as a leading innovator in the U.S. blockchain community.eToro’s Guy Hirsch Discussing Libra on Bloomberg ... read more
    Source: CoinspeakerPublished on 2019-07-22By CoinSpeaker Staff
    4 hours ago
  • ArcBlock’s Forge Framework and Forge SDK make it easy to build custom blockchains and DApps
    July 22nd, 2019 ArcBlock’s Forge Framework and Forge SDK is the next-generation blockchain application development framework and is the easiest way for developers to create custom blockchains and to build decentralized applications (DApps) easily.  Similar to what Ruby on Rails did for web development, Forge Framework removes many of today’s limitations for existing blockchain development platforms and letting developers focus on what they do best – write code – and Forge will do the rest. By default, Forge-built blockchains and DApps have “cross-chain” capability and are interoperable with other DApps on the ABT network as well as Bitcoin, Ethereum via the Open Chain Access Protocol (OCAP). From today, developers can start building custom blockchains with the Forge SDK and deploy their first DApp in just a few, simple steps.  First, developers can start developing using one of many development languages supported including Python, Node.js, Java, Android, and many others with documentation with pre-built components, and starter applications. When ready, developers can then begin testing their DApps with users and other parties on their own test chains, and lastly, join the ABT Network to make their DApp publicly available.   Any Forge SDK built blockchain includes Forge Web, a standard ... read more
    Source: ZyCryptoPublished on 2019-07-22By PR DESK
    4 hours ago
  • Coinbase’s Brian Armstrong calls for a collective effort from crypto-businesses
    Although cryptocurrency’s ability to become a global currency has been applauded by many, few understand its ripple effect on cross-border applications. A common example are OFAC rules that prohibit U.S. citizens from making transactions to countries such as North Korea and Iran. Brian Armstrong, CEO of Coinbase, recently shared the need for a collective effort […] The post Coinbase’s Brian Armstrong calls for a collective effort from crypto-businesses appeared first on AMBCrypto. ... read more
    Source: AMB CryptoPublished on 2019-07-22By Arijit Sarkar
    4 hours ago
  • Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers
    Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are prone to manipulation, which is then again exacerbated by huge price fluctuations making any form of sane trading near impossible. Jay Clayton of the SEC is concerned about the lack of proper monitoring tools required for leveling the playing field. Besides market-specific risks, external factors as the security and liquidity of the exchange can spell the difference between profitability or losses for any traders-irrespective of trading style. Of late, security is the focal point for critics and no-coiners. Believing that cryptocurrency trading is futility or gambling at best considering the many hurdles and specifically the lack of regulation, many are nitpicking vulnerabilities of cryptocurrency exchanges. To quantify, ... read more
    Source: News BTCPublished on 2019-07-22By Dalmas Ngetich
    4 hours ago
  • 9.5 Million XLM Tokens Landing In Binance Airdrop
    Binance has announced what its intentions are with Stellar and it seems to be quite bullish. In that, the exchange plans to support Stellar’s XLM token on the platform. So starting from the Saturday just gone - 20th July - the exchange will give out staking rewards to customers with XLM in their accounts. And with this move, Stellar Lumens join other cryptocurrencies like NEO, Ontology and VeChain. In the companies official blog on its site, Binance states: “The total amount of XLM credited to Binance from these staking rewards is approximately 9,500,000 XLM (approximately $775,000 USD). Binance has decided to distribute these staking rewards to our users”. Some of the staking rewards are detailed below: Users must hold at least 10 XLM in order to qualify for the promotion. The first distribution of XLM staking rewards will be on September 1st, 2019. The disbursal of the additional 9,500,000 XLM airdrop will coincide with the first distribution of XLM staking rewards, in accordance with users’ average daily holdings. Although the staking rewards have varied over time as the wallet balances have grown, for the first distribution, users holding XLM may expect to receive a first staking reward ... read more
    Source: CryptodailyPublished on 2019-07-22By Robert Johnson
    4 hours ago
  • Robinhood Nabs $323 Million Giving It $7.6 Billion Valuation
    Robinhood has attracted as many customers as E*Trade, which has been in the brokerage industry since 1982. ... read more
    Source: Finance MagnatesPublished on 2019-07-22By Aziz Abdel-Qader
    4 hours ago
  • Crypto Companies Flee the U.S. As Regulatory Crackdown Looms
    Earlier this month, the crypto industry was surprised to find that many top officials in the US government have been thinking a lot about Bitcoin and crypto, and much to the chagrin of investors in the nascent markets, their views on digital assets are overwhelmingly negative. It now appears that the lack of “do-no-harm” regulations in the US, and the imminent influx of fresh regulations, is enough to drive many companies away from the United States and towards more crypto-friendly countries. Circle Moves Bulk of US Crypto Exchange Operations Out of Country Earlier today, Circle announced that they would be shifting the bulk of their operations out of the United States, which coincided closely with the receipt of their full Digital Assets Business Act license from Bermuda for their Poloniex crypto exchange. Although the company is going to continue its operations in the US, Circle co-founders Sean Neville and Jeremy Allaire both noted in a recent blog post that US regulations have stopped Poloniex from offering US-based customers a plethora of capabilities. “Unfortunately, because of US regulatory limitations, we will not be able to offer many of these new services to US persons for now. However, we’re committed to serving ... read more
    Source: Ethereum World NewsPublished on 2019-07-22By Cole Petersen
    4 hours ago
  • Circle’s Poloniex Exchange Opens Bermuda Subsidiary to Escape Regulatory Uncertainty in the US
    Poloniex will continue operating in the US, but Circle’s focus has shifted to its international customers ... read more
    Source: U.TodayPublished on 2019-07-22By Alex Dovbnya
    4 hours ago
  • Circle ventures to Bermuda for friendlier regulatory climate
    Circle, the peer-to-peer tech platform, and its acquired crypto exchange platform, Poloniex has not been in very good shape and the past seven months have been quite tempestuous for the Boston-based firm. The trade volume of Poloniex exchange exhibited a major spike in its volume a month ago but fell shortly thereafter. Source: Poloniex|CoinGecko Circle […] The post Circle ventures to Bermuda for friendlier regulatory climate appeared first on AMBCrypto. ... read more
    Source: AMB CryptoPublished on 2019-07-22By Chayanika Deka
    4 hours ago
1 2 3 636