Photo: INX / Twitter INX Limited is a cryptocurrency exchange startup which plans to do an IPO as their token sale. The main difference is that this time the whole party wants to be properly regulated. While it is known that the 2017 ICO craze was completely unregulated and everybody could get away with it,...Read More
After New York Attorney General, Letitia James, led the office to victory on August 19, Bitfinex has finally taken a stance against the ruling. In a document filed before the court, the exchange stated, “PLEASE TAKE NOTICE that respondents iFinex Inc., BFXNA Inc., BFXWW Inc., Tether Holdings Limited, Tether Operations Lim ited, Tether Limited, and...Read More
A man has been sentenced in San Diego, California, for conspiring to sell drugs over dark web markets for cryptocurrencies. Thirty-nine-year-old Sky Justin Gornik had pleaded guilty to using a number of marketplaces such as Alpha Bay, Trade Route, Abraxas, Evolution, Outlaw Market, and Dream Market to deal in fentanyl, carfentanil, ketamine, oxycodone, amphetamine and other...Read More
Bitcoin exchange Bitfinex must provide documents to US authorities after a New York judge ruled against its request to dismiss a lawsuit against it. Judge U-Turns On Bitcoin Exchange Protection According to a filing dated August 19, the Supreme Court of the State of New York moved against Bitfinex and its sister company, stablecoin issuer...Read More
Bitcoin price is having a volatile week. | Source: Shutterstock By CCN Markets: Since August 15, in less than five days, the bitcoin price (BTC) has increased from $9,500 to $10,700 by well over 12 percent against the U.S. dollar. The bitcoin price has demonstrated a short term reversal after dipping to as low as...Read More
There is an interesting claim made by Mr. Caan concerning the status of Satoshi Nakamoto’s 980,000 Bitcoin fortune. According to Mr. Caan, his private keys were lost when he handed his laptop into an electronics shop for repairs. When the laptop came back, all of Satoshi’s BTC were gone. Oh gosh. As soon as we...Read More
Mark Mobius, founding partner of Mobius Capital Partners claims bitcoin’s emergence will further drive investors to gold. | Source: REUTERS/Francis Mascarenhas By CCN Markets: Mark Mobius, the legendary emerging-markets investor and founder of Mobius Capital Partners, referred to bitcoin as a “psycho-currency” on Tuesday in an interview with Bloomberg. He claimed the rise of “faith-based”...Read More
A Bitcoin Twitter account with almost a million followers has dumped Bitcoin Cash in favor of Bitcoin itself – and everyone is trying to explain why. @Bitcoin Finally Promotes Bitcoin Again In a seemingly random turn of events, @Bitcoin, one of the Bitcoin industry’s biggest misnomers, suddenly began promoting Bitcoin 00, in line with its...Read More
The Tron Foundation updated the community about recent developments in its ecosystem through its weekly report. The report highlighted the progress of Tron over the past week. The community was elated by the fact that block height had exceeded 11.86 million, while registering 1,145 nodes in Tron ecosystem. Further, real-time accounts also grew and stood...Read More
On August 19th, Matic network announced to collaborate with ernold to create more scalable, robust, and secure blockchains for the Web 3.0 frontier. Matic network also aims for collaborative future between different blockchains, as opposed to a zero-sum game ridden with the excessive competition. The platform is majorly interested in Random Block Producer selection approach...Read More
The largest gift card exchange in Japan will use the aelf (ELF) blockchain in order to radically improve the issuance, distribution and traceability of gift cards. Amaten, which processed more than a million transactions altogether last year with 132,000 users, said it will be developing a new gift card marketplace on top of the aelf...Read More
The New York Supreme Court ruled that the matter between the state’s Attorney General and Bitfinex parent company iFinex can continue. The bitcoin price rose 5 percent in response. | Source: Shutterstock; Edited by CCN By CCN Markets: The bitcoin price moved higher on new legal developments in the ongoing wranglings involving Bitfinex and Tether....Read More
Bitcoin is not a hedge for anything because its volatility actually adds risk to every single scenario a portfolio manager can create. | Source: Shutterstock By CCN Markets: As the bitcoin skeptic here at CCN, my job is to provide counter-arguments to the bitcoin bulls. Today I’m going to debunk the claim that bitcoin is a...Read More
Blockchain-based customer relations manager (CRM) Cere Network just closed a $3.5 million seed round. Backed by Binance Labs, Neo Global Capital, and Arrington XRP Capital, among multiple others, Cere Network opened a New York office and will announce an innovation lab in Berlin during Berlin Blockchain Week. Cere Network provides a blockchain service for integrating...Read More
Israel’s Fintech regulator is rearranging its licensing regime to encourage competition in the field. The Israeli Capital Market Authority is looking to change how fintech licenses are distributed in Israel according to a Monday announcement reported by Israeli daily newspaper Calcalist. Some 2,000 fintech and blockchain-businesses are currently seeking licenses from the state regulator. Due...Read More
The World Bank has issued a second round of its landmark blockchain bonds. The international financial institution raised another $50 million AUD ($33.8 million U.S.) by selling the “blockchain-operated debt instrument” (bond-i), according to Commonwealth Bank of Australia (CommBank), which managed the sale jointly with RBC Capital Markets and TD Securities. Both new and existing investors...Read More
A luxury condominium complex in Orlando, Florida, is the latest firm to partner with BitPay to provide bitcoin payment processing for real estate transactions. Announced August 6, the Grove Resort & Water Park will accept bitcoin for purchases of their 878 resort-style condo residences. Yet, the relatively small update hides a larger story – BitPay...Read More
Cryptocurrency exchange BitMEX has added three new jurisdictions to its trade restrictions list. HDR Global Trading Limited (HDR), BitMEX’s parent company, has added Bermuda, Hong Kong, and the Seychelles to its list of total trade access restrictions. BitMEX, based in the Seychelles, maintains arms in Bermuda and Hong Kong. The three jurisdictions join the United...Read More
The Winklevoss twins are adding some muscle to Gemini’s security team. Announced this morning, David Damato will be joining Gemini as the Chief Security Officer. Damato joins Gemini from Tanium, a top cybersecurity firm, where he held the same position for four years. Damato joins Gemini with over 20 years experience in the field. Speaking...Read More
Binance’s iOS app returned to the Apple app store today. The largest cryptocurrency exchange by volume, Binance’s iOS app has returned after a month’s hiatus. A company posting announced the return today following an announcement on Twitter Friday by Binance CEO Changpeng ‘CZ’ Zhao. According to Zhao, listing the exchange’s app was a difficult process:...Read More
Bitcoin is rising yet again, as the largest digital asset consolidates above $10,000. While it’s common to attribute bull runs to institutional money, Chinese tariffs or inverted yield curves, this year’s rise could have been triggered by an unexpected catalyst: third party custodians. By introducing sophisticated storage solutions, these companies are paving the way for...Read More
In part two of his ‘Satoshi reveal’, self-proclaimed Bitcoin creator Bilal Khalid unveils where all his bitcoins are and much, much more. | Source: (i) Satoshinrh.com (ii) Shutterstock; Edited by CCN By CCN Markets: The second part of the Satoshi reveal by the (new) self-proclaimed inventor of Bitcoin proved to be even more outrageous than the...Read More
The @Bitcoin Twitter handle appeared to switch allegiances when it deleted old pro-BCH posts, and redirected the Bitcoin whitepaper. But why? | Source: Shutterstock By CCN Markets: The long-running conflict between Bitcoin (BTC) and Bitcoin Cash (BCH) supporters took another turn on Monday. The @Bitcoin Twitter handle, which previously showed support for the BCH community,...Read More
Santander Group unveiled its plan to expand services associated with Ripple technology. With the aim of building an efficient payment gateway, the bank wants to deliver services to Latin American customers so that they can carry out transactions and send the money effectively to the US without any charges. Currently, only U.K. and Spain-based customers...Read More
Many deem Binance’s newly announced Venus stablecoin project as a competitor to Facebook’s Libra crypto. But Binance’s CZ says otherwise. | Source: (i) REUTERS / Darrin Zammit Lupi (ii) Shutterstock: Edited by CCN By CCN Markets: Binance has announced today its Venus stablecoin project that many deem as a competitor to Facebook’s upcoming Libra crypto....Read More
For all the theoretical debates raging across the Twittersphere, it’s hard to find concrete evidence that cryptocurrencies are helping the poor and unbanked. Meanwhile, outside the notice of crypto pundits, an independent aid campaign is making practical use of cryptocurrencies to help flood victims in Iran, right now. [embedded content] Last week, IranRescueBit began its...Read More
Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision...Read More
Social media giant Facebook has been under the spotlight for quite some time, following its entry into the crypto world with its coin Libra. In recent news, six lawmakers from the U.S. are said to visit Switzerland to further discuss the launch of the cryptocurrency. Despite the obstacles Libra is facing, the Libra testnet is...Read More
Bakkt is a platform for institutional investors and anyone else to buy bitcoin through its legally compliant system. | Source: Shutterstock By CCN Markets: Most cryptocurrency enthusiasts have been waiting for the launch of bitcoin futures trading platform Bakkt. Recently, the crypto community rejoiced as the ICE-operated company announced the official launch date of Sept....Read More
Self-proclaimed Bitcoin creator Craig Wright was exposed again this week – this time by Microsoft Office. The comedy of errors continues… | Source: YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Self-proclaimed Bitcoin creator Craig Wright popped up to remind everyone of his existence this week. While yet another ‘Faketoshi’ showed up...Read More
