According to a report published by Yahoo Finance on August 24, 2019, U.S.-based internet retailer Overstock is doubling down on its investment in the cryptocurrency and blockchain space. Interestingly, this development comes just a few days after the Midvale-headquartered firm’s pro-crypto CEO, Patrick Byrne resigned from his position under controversial circumstances. Unphased by the Recent...Read More
A new partnership between a development bank, a nongovernmental organization (NGO) and a tech corporation is eyeing the creation of a blockchain-based identity system to improve financial inclusion in Buenos Aires. IDB Lab (the Innovation Laboratory of the Inter-American Development Bank Group), NGO Bitcoin Argentina and the Argentine subsidiary of NEC Corporation announced they had...Read More
The total crypto market cap lost $3.3 billion of its value during the last seven days and now stands at $269.1 billion. The top 10 currencies are all in red for the same time frame with Binance Coin (BNB) and Ripple (XRP) being the worst performers with 6.4 and 3.5 percent of loses respectively. By the time...Read More
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In case you missed it, a new self-proclaimed Satoshi Nakamoto came out of the woodwork last...Read More
Japan is a friendly jurisdiction for cryptocurrency trading and development, having eliminated the consumption tax on Bitcoin (BTC) trading in 2017, after which it recognized the coin as legal tender. This week in Japan, a crypto exchange that was hacked earlier this year has closed its doors, while the central bank has come out as...Read More
By CCN Markets: Let’s face it, VR is dank. The only significant barrier for most gamers is the cost. Cost doesn’t so much mean the $400 entry-level price tag for Oculus VR gaming, but rather the average $800-$1,000 minimum for a VR-capable gaming desktop. If you want a laptop, expect to pay substantially more. If...Read More
By CCN Markets: A shellshocked stock market is bracing for impact on Monday as the White House and Beijing exchange rhetoric for actions amid a rapidly-escalating trade war. Dow futures point to a vicious decline when the opening bell rings tomorrow morning. Dow Futures Plummet 350 Points Futures tracking all of the US stock market’s...Read More
Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra. Meetings with multiple agencies According to an official statement from Representative Maxine Waters, members of the U.S. House of Representatives Financial Services Committee met with multiple regulatory agencies and lawmakers. These...Read More
Thai financial watchdog, the Securities and Exchange Commission (SEC), recently warned the public about a new form of investing scam, in which a bogus entity, masquerading as a regulated legal digital currency trading firm solicits traders into investing with it. This, according to a report by the Bangkok Post, August 25, 2019. Crypto Criminals As...Read More
Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports. Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has...Read More
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Facebook’s Libra continues to face resistance as central...Read More
United States boxing legend Mike Tyson has denied a connection with the cryptocurrency project Fight to Fame, which is suspected of financial fraud. He announced it in a Twitter post on Aug. 15: “I am not involved with Fight to Fame or their countdown website, nor will I be involved with anything related to Fight...Read More
Donald Trump’s is pressuring Chinese companies to leave China, a move that could have a significant impact on the stock market. | Source: AP Photo/Jacquelyn Martin By CCN Markets: After a vicious, Donald Trump-inspired sell-off on Friday, stock market bulls saw their hopes of a weekly gain evaporate in a matter of minutes. This coming...Read More
Cryptocurrency firm Ripple’s head of social impact Ken Weber is confident that universities around the world must expand their education programs to offer blockchain and digital assets training courses that directly relate to actual roles in the industry. Blockchain workforce demand exceeds the supply Weber addressed the lack of qualified blockchain workforce and relevant education...Read More
Cryptocurrency trust and security company BitGo has announced the launch of a multisignature wallet and custody service for EOS. According to the news release published on Aug. 22, BitGo officially added EOS to the list of its supported assets. The firm’s chief technology officer Ben Chan said: “The EOSIO software has some innovative differentiators like...Read More
Chinese crypto exchange Huobi has seen the highest number of withdrawals from the alleged crypto Ponzi scheme PlusToken to date, new research says. Chinese exchanges prevail New York-based blockchain infrastructure firm Elementus released a study on Aug. 23, claiming that the number of PlusToken withdrawals sent to Huobi exchange has accounted for nearly 50% so...Read More
The German-speaking world was highly active as far as crypto was concerned this past week. Among other stories, the German Federal Financial Supervisory Authority (BaFin) issued several items of interest to the crypto community, a new fund for blockchain startups launched in Hamburg and an Austrian crypto ATM service filed for bankruptcy following an armed...Read More
Blockchain analytics firm Chainalysis has launched transaction alerts for suspicious exchanges of a range of cryptocurrencies. In a post published on the firm’s blog on Aug. 22, Chainalysis announced the launch of alerts for suspicious cryptocurrency transactions in Chainalysis Know Your Transaction (KYT), the company’s real-time anti-money laundering compliance solution. The company also claims that...Read More
Facebook stock suffered a devastating investor exodus last year, but FB shares held the line and are now poised for a 25% surge. | Source: REUTERS / Dado Ruvic By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook...Read More
Saturday, Aug. 24 — crypto markets continued to see red today as Bitcoin (BTC) has dipped below $10,000 price mark several times over the past 12 hours. Only two out of the top-20 coins by market cap are seeing gains over the past 24 hours at press time, including Cardano (ADA) and NEO (NEO), which...Read More
The United States Federal Trade Commission (FTC) has settled charges it filed in 2018 against an alleged crypto pyramid scheme involving four individuals. Terms of settlement According to an official statement on Aug. 22, the regulator permanently banned the defendants from multi-level marketing and misrepresenting investment opportunities and charged a total of over $500,000 as...Read More
Left-wing Fortnite streamer HasanAbi has received a ban for saying the US “deserved” 9/11 in a now-deleted Twitch stream. | Source: Hasan Piker/Facebook (i), Epic Games (ii). Image Edited by CCN. By CCN Markets: Hasan “HasanAbi” Piker – a one-time Fortnite streamer with over 120,000 subscribers on Twitch – found himself on the wrong end...Read More
As many of our readers probably know, Cointelegraph has a number of non-English branches, each covering news from different parts of the world. In pursuit of the most complete and detailed picture of the global cryptocurrency industry, we present a series of weekly compilations of the freshest original articles from our colleagues, starting with Cointelegraph...Read More
The stock market’s “fear gauge” – the CBOE VIX – spiked nearly 20% on Friday as a series of Trump tweets ignited Wall Street panic. | Source: Scott Olson / Getty Images / AFP By CCN Markets: Friday was one of those days where headline news scared the heck out of investors, and the stock...Read More
The U.S. Federal Trade Commission (FTC), has settled charges it filed last year against four promoters of crypto-denominated multi-level marketing schemes. Following a federal trial in a Florida court, the operators of the fraudulent investment schemes are ordered to pay restitution and have been barred from operating or participating in other such MLM schemes, according to...Read More
A decade ago, the thought of self-driving cars was far from reality, but with 2020 looming large, massive strides have been made in the field of autonomous vehicles. Meanwhile, in the space of a decade, Bitcoin has thrust cryptocurrencies and blockchain technology into the mainstream consciousness. The latter has become a tool that is quickly...Read More
Bitcoin price is trading below $10,000 and a further pullback could drive price even lower. | Source: Shutterstock By CCN Markets: The bitcoin price has fallen below $10,000 in a minor pullback, dropping from $10,300 to $9,880 on major cryptocurrency exchanges within a two-hour span. The bitcoin price drops $500 in a minor pullback from...Read More
Cryptocurrency and telecommunications company Telx Technologies announced the launch of the first crypto SIM card wallet that enables transactions via SMS. According to the company’s Medium post published on Aug. 22, the card allows its users to send cryptocurrencies via SMS with their dedicated crypto phone number. Notably, these transactions do not require a smartphone...Read More
Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major fiat currencies would eventually be tokenized. Significant digital currencies In an interview on Aug. 21 on the podcast Global Coin Research, Allaire said that Circle has thought for years that sovereign currencies would eventually be...Read More
Cointelegraph is pleased to announce that we are continuing to increase our presence in Asia with the launch of Cointelegraph Korea. Today, Aug. 23, we celebrated the launch of a Korean-language version of Cointelegraph and the opening of our Korean headquarters in Seoul. To commemorate the move, Cointelegraph hosted an event in the city’s financial...Read More
