Coinmarketcap (CMC), the web’s most popular cryptocurrency tracker website, has responded to accusations that it is implicit in supporting wash trading.
Vancouver, BC, Canada – Cozystay Holdings Inc. (Cozystay™) is excited to announce its partnership with Singapore-based Share Everything Lab Pte. Ltd. (SEL) to bring blockchain technology to the vacation-rental sharing economy. SEL is developing a protocol that will decentralize and revolutionize the sharing economy industry. Cozystay, a vacation rental platform that has been operating since 2015, will be the first adopter of SEL’s blockchain-based trust protocols, which will solve critical problems that have plagued the vacation-rental sharing economy so far. Cozystay now has 60,000 users, 200,000 listings worldwide and offices in Vancouver, Canada and Beijing, China. Cozystay has completed $4M USD in seed funding.
Bitcoin skeptic Peter Schiff is back, explaining again to Joe Rogan and his massive audience how cryptocurrencies are a scam.
The UK’s Barclays, arguably the most powerful international corporate bank in the world, filed two crypto-related patents this week.
University of Pennsylvania researchers conducted an in-depth study that looks at ICOs that promise innovative concepts like autonomous governance.
SoPay has announced its arrival in three exchanges (CoinEx, Gate.io and BCEX) with an emphatic announcement of the trading contest that will feature 30 million SOP tokens. SoPay is a new blockchain payment platform that brings a disruptive experience in the money market. Also, it has innovative operating models that it wants to leverage to make the digital asset trading environment more convenient.
Silk Road founder Ross Ulbricht, serving life in prison without parole, has joined Twitter. While denied direct internet access from behind bars, he is now able to communicate with the Twittersphere, in a fashion, with the aid of hand-written notes posted to a Twitter account in his name. It is hoped the account will keep …
Seiko Noda, Minister for Internal Affairs & Communications, and Minister in charge of Women’s Empowerment, was questioned by the Japanese press on Thursday over an FSA probe implicating her involvement with an unregistered cryptocurrency exchange, which was allegedly violating the Japanese fund settlement law.
The Malta Stock Exchange has separately announced today that MSX, the innovation, digital and fintech arm of the group, will be developing two new platforms for listing and trading security tokens. Neufund in partnership with Binance, and OKMSX in collaboration with Okex.
The Federal Reserve’s new chairman made his stance on cryptocurrency clear to the US House of Representatives on Wednesday. In his view, cryptocurrencies have no intrinsic value, are not used often as a means of payment, are not a store of value, but are great for money laundering. He also dismisses the idea that cryptocurrencies could pose a significant risk to the country’s financial stability at their current size.
Wednesday Lugano, Switzerland – trade.io, a leading cryptocurrency exchange and innovator of the industry’s leading liquidity pool, today announced that David Hannigan has joined the company as its Chief Dealer. David brings almost 30 years of trading and risk management experience, most notably his position as Senior VP at National Australia Bank, to his new role.
In today’s edition of Bitcoin in Brief we cover an American anti cryptocurrency politician who is financially backed by a legacy payments firm, a positive change of leadership at Goldman Sachs, Grayscale’s performance during first half of 2018 and much more.
On July 18 two more types of BCH tokenization projects have been announced giving the BCH community a wide variety of different ideas that can bring forth the concept of representative tokens on the Bitcoin Cash network.
The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments. Zebpay, one of India’s largest crypto exchanges, has also been called in to help with the investigation.
Eastern European nations have been following closely regulatory developments in the West to better understand where the wind is blowing before addressing the challenges presented by cryptocurrencies.
Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of being complicit in the scam.
In recent cryptocurrency news from China, three Chinese cryptocurrency mining hardware manufacturers have been listed as being valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018.
Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it is seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds.
As digital currencies become more mainstream, these networks are suddenly commanding billion dollar valuations. Meanwhile, cryptocurrency exchanges, brokerage services, and over-the-counter market makers have started to look into purchasing shares of banks and even becoming the banks themselves.
The crypto-bulls are back, at least for time being, bringing most of the top digital assets back into the green after months of bearish sentiment. Most of the digital currencies are seeing gains between 10-20 percent but some coins like Stellar are up well over 30 percent today.
Lionsgate studio and Robinhood app have teamed up to give away $50,000 in a crypto scavenger hunt at the San Diego Comic-Con this week. This is to promote the studio’s upcoming Robin Hood movie. Attendees will search for coins, redeemable for $50, $500, $1,000, and $5,000, which can then be invested in cryptocurrencies during the convention.
The United Kingdom has what it takes to become a true leader in the crypto space, according to a new report covered in today’s Bitcoin in Brief. Also in The Daily, the British Crown dependency of Jersey has adopted new requirements for ICO projects to better protect participating investors.
It seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. Stronghold USD is said to backed one-to-one U.S. dollars held at company’s partner bank, Prime Trust.
Where there is a need, companies pop up to tap the demand with various solutions. The latest example of this comes from Canada, where Coinsmart has set up a new exchange specifically to make compliance easier for Canadian tax payers.
The Kodak-branded bitcoin mining rigs unveiled at the CES technology trade show this year will no longer be available to mine for customers. Amid scam accusations, the company behind the Kodak Kashminer crypto mining scheme has reportedly confirmed the plan has collapsed, citing intervention by the U.S. Securities and Exchange Commission.
Hedge fund Tetras Capital has issued a bearish call on ethereum and opined that bitcoin has more upside potential. The New York-based fund has been blessed with perfect timing, with ETH falling in BTC terms following the publication of its report 24 hours ago, while bitcoin has rallied strongly. Also read: Post-Flood Reflections Reveal Insights Into …
With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan.
Social petition platform, Change.org, has announced the launch of a screensaver that mines Monero on behalf of the organization. “The Mining Screensaver” will pool the computing power of the program’s users, with all XMR generated being automatically transferred to the Change.org Foundation.
Software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network. The project called ‘Wormhole’ will utilize the increased data-carrier-size and OP_Return transactions alongside a protocol based on the Omni Layer project.
The petition was supported by 21 organizations, however the Court denied Ross’s petition on June 28. The fight to free Ross Ulbricht, 33, is now reinforced with a new petition created on Change.org, 3 days ago by FreeRoss.org. There are currently 6,242+ signatures and the petition aims at reaching 7,500.
The US remains a leading destination for ICO projects, according to a new study that also ranks Switzerland and Singapore in the top three. The findings coincide with another study identifying 78% of all ICOs as scams.
CFA Institute, with over 150,000 members, is adding cryptocurrency topics to its curriculum for the first time. The course material will be released in August. A record 227,031 people in 91 countries and territories reportedly registered to take CFA exams this year.
Gaël Monfils, the 31-year-old French tennis star, is known as “Sliderman” for his on-court showmanship. He may take chances when trying to win Grand Slam matches, but when it comes to personal finance Monfils – who reached a career high of No6 in the world in 2016 – says he is risk-averse. His investment platform of his choice? The world’s leading social trading network eToro, which specialises in cryptocurrencies. Monfils has been described by The Sunday Times magazine as “the most interesting guy in tennis” and Britain’s former world No1 Andy Murray reckons the agile Frenchman is the best athlete in the sport. He is not bad when it comes to investing in crypto, either, and began actively trading on eToro in 2017 (https://www.etoro.com/people/lamonf), having heard about the award-winning platform from his brother-in-law. He was drawn to its wide selection of cryptos and innovative investment tools.
In today’s edition of Bitcoin in Brief we cover the news that the world’s largest asset manager Blackrock is examining the crypto market, Coinbase is approved to list security tokens, and Bitpay got a New York Bitlicense. Additionally, the BCH exchange rate is now displayed on Google.
Iran may employ cryptocurrencies as part of its efforts to circumvent the upcoming US sanctions, according to a high-ranking Iranian lawmaker who said the matter will be discussed in parliament soon. The Iranian MP also believes that digital money can help with overcoming the hegemony of the US dollar.
Latin American peer-to-peer (P2P) markets have seen an influx of volume in recent weeks, with the Localbitcoins markets of Argentina, Brazil, and Venezuela posting significant spikes in volume. In other news pertaining to international P2P markets, the Hungarian Localbitcoins markets produced near-record volume in recent weeks, whilst Canada’s recent surge in volume appears to have subsided.
A framework has been developed for the G20 countries to “monitor the financial stability implications of crypto-assets markets.” The Financial Stability Board says cryptocurrencies “do not pose a material risk to global financial stability” but supports their “vigilant monitoring.”
Twitter claims it has been deleting millions of fraudulent accounts per day and stated during the first week of July that the platform suspended more than 70 million accounts throughout May and June. However, the cryptocurrency industry is still plagued by tons of ETH-bots pretending to be bitcoin luminaries.
South Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered.
Over the last six days, the entire digital asset economy has seen an increase of around $15Bn and now averages around $268Bn on Monday, July 16. Digital currency proponents are hopeful the past six months of bearish market sentiment is over and brighter days may be ahead.
A British Mosque has collected four times more donations in cryptocurrencies than fiat, showing another example of the growing importance of the innovative instruments in charity. People from all around the world donated to the mosque using cryptocurrency during Ramadan, including one transaction of over £5,200.
The Japanese national tax agency announced a new strategic policy was put put in place by July 15th to promote and improve the environment for people to spontaneously declare their virtual currency income tax returns.
When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but they’d had the temerity to do so using servers paid with cryptocurrency.
South African financial company Purple Group has confirmed the addition of two cryptocurrencies, bitcoin and ethereum, to its online trading platform. According to a representative, the decision came in response to strong demand from clients earlier this year.
Changelly, a prominent instant exchange, has announced its partnership with Ledger, one of the leading security and infrastructure providers in the crypto industry, to bring a new user experience. New Ledger App and Changelly Ledger has released Ledger Live, a multi-asset complimentary wallet application that allows storing and managing cryptocurrencies in one place. Ledger Live is used for all models of Ledger’s hardware wallets, including the bestseller Ledger Nano S.