Crypto Evangelist Ver Taunts Trump with P2P Bitcoin Cash Trading

Users of local.bitcoin.com may have found a surprise on Twitter today: a Tweet directed at Donald Trump and Treasury Secretary Steve Mnuchin from none other than the site’s owner, Roger Ver. Roger Ver ✔@rogerkver .@realDonaldTrump @stevenmnuchin1http://Local.bitcoin.com  145 9:06 PM – Jul 16, 2019 · Budapest, Hungary Twitter Ads info...

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US Congress Drafts Libra Killer to Squash Silicon Valley Crypto Dream

Congress is dead serious about nipping Facebook’s Libra cryptocurrency in the bud. The House Financial Services Committee has drafted a Libra killer bill that bans big tech companies from launching cryptos. It’s called the “Keep Big Tech Out of Finance Act.” A draft copy of the discussion bill found its...

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Treasury Secretary Seals Bitcoin’s Impending Death by a Thousand Cuts

Following Donald Trump’s sudden and mysterious tweets regarding bitcoin last week, Treasury Secretary Steven Mnuchin held an unexpected press conference on Monday. He used coded language telegraphing the end of bitcoin and cryptocurrency. The Feds Want to Stop Crimes and Stabilize Markets Steven Mnuchin was not lying when he said...

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SEC Launches Search for Blockchain Data Service to Help ‘Monitor Risk’

The U.S. SEC has taken some steps to provide clarity to blockchain companies, but it’s widely believed that the agency has not been active enough with respect to providing regulation. Now the securities regulator is apparently interested in engaging an “enterprise-wide data subscription for blockchain ledger data.” According...

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‘Bitcoin Inventor’ Craig Wright Allegedly Cries in Court Amid $10B Crypto Lawsuit

Self-proclaimed bitcoin inventor Craig Wright reportedly cried in court during cross-examination in the $10 billion crypto lawsuit filed against him by the estate of deceased computer genius Dave Kleiman. On Friday morning, Wright was captured on a Twitter video as he headed into the Paul G. Rogers Federal...

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Pro-Bitcoin Lawmaker Bashes SEC for ‘Third-World Approach’ to Crypto

A pro-bitcoin lawmaker is furious that the United States is taking a “third-world, developing-economy approach” to cryptocurrency regulations, thanks to the lax SEC and the bumbling Congress. Republican Congressman Warren Davidson warns that the legislative foot-dragging is putting the United States at a competitive disadvantage in...

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Indian Government in Dizzying Reversal Sponsors Free Crypto Course

The Indian government continues to project a deep level of hypocrisy as it turns its attention to sponsoring a blockchain and cryptocurrency course. As CCN recently reported, the government is simultaneously proposing an insane anti-crypto bill with hard jail-time for bitcoin users. The undergraduate course, which is...

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Russia’s Largest Bank Scraps Crypto Plans Even with Pro-Bitcoin CEO

Sberbank, the largest bank in Russia, is scrapping its crypto plans, citing the anti-bitcoin sentiments of government regulators. Ironically, the CEO of Sberbank, Herman Gref, is a bitcoin proponent. However, others at Sberbank are not convinced of the merits of virtual currencies, so they’re suspending...

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Bitcoin Has Obliterated the Top Dow, Nasdaq, & S&P 500 Stocks in 2019

Gaining an eye-popping 135%, bitcoin has smoked even the most impressive U.S. stocks this year. Even if you take the top performers from the Dow Jones Industrial Average, S&P 500, and Nasdaq – which are Cisco Systems (CSCO), Xerox (XRX), and Beyond Meat (BYND), respectively – they...

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Dark-Horse Trump Rival Pumps Crypto, Aims to Make US a Bitcoin Nation

Far from a first, California Democrat Rep. Eric Swalwell is accepting Bitcoin donations for his dark-horse bid to knock off Donald Trump in the 2020 presidential election. More significantly, the bombastic congressman wants to usher in a blockchain revolution after he vanquishes Trump from the...

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Kraken Turns Tables on Canadian Regulators in Nine-Page Rebuttal

Kraken is not pleased with the way Canadian regulators propose to go about governing crypto trading platforms. In a sternly written paper to the Canadian Securities Administrators and the Investment Industry Regulatory Organization of Canada, the crypto exchange explained its gripes. The two regulatory bodies have proposed...

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Ripple Potentially Sped Up its XRP Distribution Timeline by 21 Years: Crypto Researchers

CoinMetrics, a firm that analyzes blockchain data for crypto investors, published a bombshell report this week which tells the story of how Ripple Labs has allegedly misrepresented its escrow system. Ripple has effectively misrepresented the amount of XRP transferred back to escrow at least twice. More importantly, the bank-friendly...

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Hong Kong, Thailand Central Banks Partner up on Digital Currency Initiative

In an attempt to spur collaboration between both regulatory bodies in Fintech and intriguingly a central bank digital currency, the Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have signed a Memorandum of Understanding (MOU). The MOU, which was signed in Basel on...

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Bitcoin Price Boom Resurrects Once-Feverish Penny Stocks

The feverish Bitcoin price rally appears to be spilling over into the stock market, where ice-cold blockchain stocks are once again showing signs of life – and investor FOMO. Bloomberg’s Bailey Lipschultz notes that at least one penny stock has capitalized on the recent Bitcoin bull market. MGT...

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Bitcoin Price: Mark Yusko’s $400,000 Target is Bold – But Not Insane

Morgan Creek Capital Management founder Mark Yusko spoke to Bloxlive.tv about the Binance hack and his startling prediction that Bitcoin will eventually be worth $400,000. MORGAN CREEK FOUNDER: HACKERS PROVE THE VALUE OF CRYPTO Yusko made a compelling case, taking a positive out of the massive $40 million...

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Litecoin Hastens Mainstream Adoption, Inks Deal with Blockchain Startup Travala

With the exception of bitcoin, Litecoin is arguably doing more than any other coin for mainstream adoption. Most recently, Litecoin Creator Charlie Lee has inked a partnership with Travala.com, a blockchain-based hotel booking platform. Even though Travala.com is another blockchain company, it’s a play on the travel industry...

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Satoshi Nakamoto Horde: Craig Wright Submits List of Bitcoin Addresses

Craig Wright’s attorneys successfully met the deadline by which he was required to submit a list of bitcoin addresses associated with the Tulip Trust, presumably proving whether or not he is Satoshi Nakamoto. The list is unfortunately redacted (see bottom of the article). As a result, blockchain...

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Bitcoin Basher Nouriel Roubini Cowers from Novogratz’s Crypto Wager

Bitcoin perma-bull Mike Novogratz clashed with avowed crypto-hater Nouriel Roubini at the 2019 SALT tech conference in Las Vegas on May 8. During a panel discussion about digital currencies, Roubini once again trashed crypto as a massive “bubble.” Meanwhile, Novogratz cooed that bitcoin is a “miracle.” ‘CRYPTO IS...

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Facebook’s Secret Cryptocurrency Led by PayPal Alumni Just ‘Months Away’ from India Launch

Facebook’s much-hyped cryptocurrency project, dubbed Project Libra, may launch in India within a matter of months, according to a Bloomberg report. The secretive blockchain project, led by a team of PayPal alumni, is expected to launch a stablecoin for sending peer-to-peer payments to friends and...

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Barry Silbert Gives Fox Business’ Maria Bartiromo Sales Pitch on Bitcoin

Barry Silbert, who is at the helm of Grayscale Investments, is taking his firm’s ‘Drop Gold’ campaign to Wall Street, or at least to Midtown. Grayscale’s Silbert was a featured guest on Fox Business’ “Mornings with Maria” program featuring host Maria Bartiromo, who prior to joining Fox...

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Rakuten Taps Chinese Blockchain Firm for $60 Billion Authenticity Market

In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem. Techrock uses the...

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HomeBitcoin RegulationFrance Flaunts ‘Right’ Crypto Model as EU Members Feel the Heat France, crypto, Bruno Le MaireFrance has set the bar high for its EU member peers on crypto regulation. | Source: ShutterstockFrance Flaunts ‘Right’ Crypto Model as EU Members Feel the Heat

France is pushing the boundaries with its new crypto regulatory framework, which it unveiled a week ago. Now the government plans to pressure other EU states to take the “right” approach to crypto regulation. French officials are acutely aware that the blockchain is an emerging field...

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Vitalik Buterin Urges South Korea to Deregulate Blockchain, Embrace Crypto

Ethereum co-founder Vitalik Buterin and a bipartisan group of lawmakers urged the South Korean government to deregulate the blockchain industry. They say the current laws are overly restrictive and therefore, inhibit innovation. Buterin made the remarks while speaking at a meeting of the South...

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$20,000 Bitcoin Short Trader Shouts ‘Buy’ as Bitcoin Price Hits $5,000

Mark Dow, a former International Monetary Fund (IMF) economist who famously shorted bitcoin from $20,000 to its low in the $3,000 range, has said that bitcoin is “buyable.” #Bitcoin chart. Buyable. $XBT $BTC pic.twitter.com/gE3urIfLJ5 — Dow (@mark_dow) April 1, 2019 Previously, Dow said that bitcoin investors would need to “get the...

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Visa Is Avidly Fishing For A Crypto Blockchain Dev Hero

Visa Inc. is seeking a full-time technical product manager in Palo Alto, California. In a job posting to SmartRecruiters, the global card giant said it is looking for someone who is “passionate about the intersection of payments and cryptocurrency,” and “deeply familiar with permissionless blockchain technology.”...

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Coinbase Sought Neutrino After Losing Control Over Customer Data Being Sold

Coinbase’s controversial acquisition of Neutrino was motivated by a desire to ditch its existing tech partners because they ”were actually selling client data to outside sources,” the head of sales at Coinbase said on Saturday. In an interview with Cheddar, Coinbase’s Christine Sandler explained the rationale...

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Thailand Bans Bitcoin Cash, Ethereum Classic, Litecoin from Trading Pairs & ICOs

Thailand’s Securities and Exchange Commission banned bitcoin cash (BCH), Litecoin (LTC), and Ethereum Classic (ETC) from eligibility for initial coin offerings, investments, and base trading pairs against other cryptocurrencies traded on digital asset exchanges. BITCOIN, STELLAR, RIPPLE, ETHEREUM APPROVED In a February 28 notice, the...

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A New York Bank is Opening Accounts for Bermuda’s Crypto Startups

Cryptocurrency startups in Bermuda can now open bank accounts in New York. In a press release published Thursday, the Government of Bermuda announced that it is partnering with New York-based Signature Bank. Per the release, the deal will allow the island nation’s FinTech companies to access US banking...

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Korea Bitcoin ETF Approval Depends on US SEC Decision, Admits Stock Exchange Official

South Korea has joined the cryptocurrency community when it comes to waiting for the US’ verdict on Bitcoin exchange-traded funds (ETF). The nation’s sole bourse operator, Korea Exchange (KRX), admitted that it was carefully observing the constantly-unfolding crypto ETF scenario in the US. An official at...

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Bitcoin Needs to Kiss the Government’s Ring, Claims CME Chief Terry Duffy

Crypto will never be anything more than a fringe investment until it gets government backing. That’s the assessment of Terry Duffy, the CEO of top derivatives marketplace CME Group. Duffy told Bloomberg that resistance to crypto is too great to overcome without institutional support from a central...

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Ripple’s Brad Garlinghouse Explains Why He’s Not Scared of JP Morgan’s ‘Bank Cryptocurrency’

Three MIT students in their early 20s created a technology that could draft predictive responses to emails. In May 2018, they proceeded to raise funds for their startup – EasyEmail. Around the same time, Google held its annual conference in which it announced a feature...

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Bitcoin Investors in This European Country Can Now Buy Crypto at the Post Office

Liechtenstein’s official post office is offering fiat-to-bitcoin exchange services through a partnership with Swiss blockchain company Värdex Suisse, a regulated payment service provider based in Switzerland. The Liechtensteinische Post AG office in Vaduz ― the capital of Liechtenstein ― launched the crypto exchange service on February 15. “Nothing is different...

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Russia Isn’t Bothered to Recognize Bitcoin for Now, Says Justice Minister; What Drove his Decision?

Russia’s Minister of Justice, Alexander Konovalov, has indicated that it is unnecessary to give cryptocurrencies a legal definition at this point in time, according to the country’s state-owned news agency TASS. In a meeting with Russian legislators, Konavalov argued that it would be unwise to...

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Bloomberg Editor Says JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple; is XRP in Trouble?

On February 14, JPMorgan, the $340 billion banking giant, launched a stablecoincalled JPM Coin. Industry experts foresee the stablecoin thrashing Ripple and its cryptocurrency XRP in the long run. Joe Weisenthal, co-host of Bloomberg’s What’d You Miss? said: If it turns out that the Blockchain/Coin framework...

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MasterCard, Ripple, Barclays Fund US XRP Remittance Firm in $1.7 Million Seed

Global remittance startup SendFriend has raised $1.7 million in pre-seed funding by 13 participants. The US company announced Monday that it had received support from MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, TechStars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. Other companies that joined...

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This Uber Co-Founder’s Bitcoin Brokerage Just Went Public in Canada

Voyager, a brokerage startup that helps users easily find the best prices for Bitcoin and other crypto assets, has gone public in Canada on the Toronto Venture Exchange (TSX-V) through a reverse merger reportedly worth $60 million. The privately-held company co-launched by ex-Uber CTO Oscar Salazar acquired publicly-traded company...

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Japan Megabanks Kill Joint Blockchain Money Transfer Project, Turn to Their Own Cryptocurrencies

Three of Japan’s biggest banks have canceled a joint project of a blockchain-based peer-to-peer money transfer service. The three so-called Japanese ‘megabanks’, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group, said the joint venture was a duplication of their individual...

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Twitter CEO Promotes Bitcoin, Iran Goes Full Crypto, and Binance Adds Credit Cards: This Week in Crypto

While there wasn’t much Bitcoin price action to speak of, it was nevertheless a memorable week for the cryptocurrency industry. From Twitter CEO Jack Dorsey pumping Bitcoin to Iran launching its own crypto token, catch up on what you missed in the blockchain space this week....

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Crypto Firms Flock to Estonia: Is the Country’s E-Residency Program a Giant Loophole for Money-Laundering?

Estonia’s e-Residency program allows location-independent non-citizens and firms to access services such as banking digitally. Cryptocurrency firms have particularly embraced the program warmly with around 600 of them estimated to be registered there currently. Consequently, the Estonian central bank deputy governor, Madis Muller, says the program...

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Belarus’ Biggest Bank is ‘Working on’ Launching Its Own Cryptocurrency Exchange

According to a report by local news outlet BeITA, Belarusbank, the largest bank in Belarus, is considering the launch of its very own cryptocurrency exchange platform. The plans for the exchange were revealed by Viktor Ananich, the Chairman of Belrusbank’s board. Speaking with Belarus 1...

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Iran Pitches ‘Crypto Rial’ to 8 Countries for Transactions, Avoiding US-Dollar Led Global Commerce Altogether

Sanction-hit Iran is negotiating the use of its state-backed cryptocurrency with eight foreign countries, according to a Tehran Times report. The Middle Eastern nation had its representatives met with their counterparts from Switzerland, South Africa, France, England, Russia, Austria, Germany, and Bosnia. According to Mohammad-Reza...

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Exclusive: Komodo GM Explains How to Build on Bitcoin without Being Constrained by It

CCN had a moment to speak with Ben Fairbank, the general manager of Komodo(KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications. Komodo enables tokenized systems to rely on the security and immutability...

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Turns out Venezuela’s Oil-Backed Petro Cryptocurrency is Real after All

In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN recently got our hands on some tokens. VENEZUELA’S PETRO CRYPTOCURRENCY EXISTS...

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Resilient’ Bitcoin Price Will Rally to $25,000 [Eventually]: Tom Lee tom lee bitcoin price ‘Resilient’ Bitcoin Price Will Rally to $25,000 [Eventually]: Tom Lee

The past 12 months haven’t been easy for any bitcoin bull, but perhaps no cryptocurrency proponent has had a worse time than Tom Lee, the Wall Street strategist who predicted that the bitcoin price would hit $25,000 by the end of 2018 and must...

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Leaked Crypto Exchange User KYC Data Doesn’t Affect Our Accounts: Binance

Binance, the world’s leading cryptocurrency exchange, has recently put out a statement claiming that the leaked cryptocurrency exchange user know-your-customer (KYC) data isn’t from its users, as it uses digital watermarks on every user picture it collects. Recently, CCN revealed a hacker going by “ExploitDOT”...

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At Last, Traders Expect High Volatility as Bitcoin Breaks $3,600: Good Start to February?

In the last 48 hours, despite the withdrawal of the Chicago Board Options Exchange (CBOE) and VanEck Bitcoin exchange-traded fund (ETF), the Bitcoin price has increased from $3,511 to $3,657 by nearly two percent. Although the lack of a major price movement following a highly anticipated...

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South Korea’s Largest Bitcoin Exchange May Go Public on US Stock Market, Will Anyone Care?

US investors may soon be able to invest in one of the world’s largest bitcoin exchanges following its listing on the over-the-counter (OTC) US stock market. No, Silicon Valley darling and cryptocurrency unicorn Coinbase hasn’t decided to go public, but Bithumb — the largest bitcoin exchange in South...

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CBOE Chairman: Wall Street Wary of Crypto Investments Due to Lack of a Bitcoin ETN

Chicago Board of Exchanges (CBOE) CEO Ed Tilly believes the cryptocurrency market needs a bitcoin-based Exchange-Traded Note to “truly grow.” His comments come on the back of postponed ETF launches for bitcoin, which could be pushed back indefinitely due to an ongoing U.S. government shutdown. Regulators “Not...

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Trade Wars, Brexit & a Weak 2019 Forecast: What’s Prompting Asian and European Markets to Decline?

By CCN.com: Asian and European markets opened Tuesday on a weaker note as the International Monetary Fund (IMF) warned about sluggish global growth in 2019. Weak Chinese Market Forecasts The Asian session primarily saw a slowdown in the Chinese economy. At 0625 UTC, the Shanghai...

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South Africa Establishes a Consultation Paper to Regulate and De-Anonymize Bitcoin Transactions

The South African Reserve Bank has released a consultation paper to regulate cryptocurrencies in the region. However, the government is seemingly introducing banking-like features to the crypto-markets, going against the very ethos of what Bitcoin stands for. The bank chooses to call cryptocurrencies as crypto “assets” over the...

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Why is $1 Billion Bitcoin Giant Bitfury Building a Blockchain Music Service?

By CCN.com: The Bitfury Group, an early bitcoin mining firm turned global blockchain company based out of London, has announced that it will launch an entertainment division tasked with developing an open-source music platform that runs on blockchain technology. From Mining Bitcoin to Tracking...

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Ethereum Hard Fork Rescheduled: Here’s When Constantinople Will Finally Launch

As CCN previously reported, the aborted Constantinople network upgrade has created several problems for Ethereum. One of these problems is a significant group of miners continuing to mine as if the hard fork had actually taken place. Another problem is how to proceed with the upgrade...

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Coingate Integrates Lightning Network on Litecoin to Boost Crypto Payments

Cryptocurrency payments platform Coingate has begun its Lightning Network trial using Litecoin. According to marketing manager Veronika Mishura, the company does up to 10% of its monthly volume via Litecoin. They believe that integrating Litecoin Lightning Network, which has over 100 nodes now, will increase the incentive...

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Booming Chinese Capital Outflows May Result In 2019 Crypto Bull Run

Increasing rates of Chinese capital outflows over the past few months are presenting the cryptocurrency space with an unprecedented opportunity as citizens of one of the world’s most strictly regulated jurisdictions find ever more ingenious ways to get around financial movement restrictions. China’s Capital...

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S&P 500 Will Rally in 2019, Predicts ‘Stubborn Bull’ Joseph Zidle

Blackstone’s new chief strategist, Joseph Zidle, says the government shutdown won’t have a lasting effect on the US stock market and predicts that the S&P 500 is heading for a 15% rally. Zidle Not Concerned about Government Shutdown Zidle recently succeeded the legendary strategist...

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TrustToken Develops Cheaper Method of Managing Client Ethereum Addresses for Crypto Exchanges

TrustToken, the developer and issuer of TrueUSD, has come out with a novel method for crypto exchanges to manage millions of addresses associated with TrueUSD and other ERC20 tokens. TrustToken has developed the first publicly available means of easily handling thousands or millions of addresses...

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Bulls and Bears on Nvidia as the Chipmaker Moves into Robotics

Nvidia’s Seattle Robotics Research Lab Nvidia has officially opened a 13,000 ft. robotics research lab in Seattle. The lab will have 20 Nvidia roboticists as well as 30 academic experts. The lab is working on a dozen robotics projects including “cobots” that will work alongside humans....

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Japanese Crypto Exchange Coincheck Granted a License, a Year after $530 Million Hack

Nearly one year after a $0.5 billion hacking incident, Coincheck has been handed a cryptocurrency exchange license. In a statement, the exchange’s operator indicated that beginning January 11, 2019, it is now registered as a cryptocurrency exchange agency with the Kanto Financial Bureau, the overseeing regulator. This...

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