Crypto News Reviews 

Bitcoin News Digest Tuesday, February 19, 2019

Bitcoin Again Tests $4K Amidst Anticipation of US and China Trade Deal Finalization Crypto markets have continued gaining momentum, with all top 20 coins in green and Bitcoin testing $4,000.   Bitcoin trades at 5-1/2 week high near $4,000 Bitcoin prices moved higher on Tuesday, extending the hot streak, which has seen the best-known cryptocurrency log four successive winning sessions reaching its highest level in nearly six weeks.   Bitcoin price: is the cryptocurrency heading for a bull run? J.P. Morgan’s new virtual coin appears to be reigniting investors’ faith…

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Crypto News 

‘Japanese Amazon’ Rakuten Tries Hand on Crypto

“A big Japanese e-commerce company, dubbed the Amazon of Japan, Rakuten, released a statement about their plans on making Bitcoin and other cryptocurrency as form of payment processor” reports livebitcoinnews.com. Actually, it’s not the first time that Rakuten has gotten interested in offering Cryptocurrency as an option for payment.Rakuten Pay, the app platform, is expected to release a new version in the next 4 weeks, attached with a Cryptocurrency payment choice, alongside cash.It also showed optimism for Cryptocurrency capitalists willing to know about the effect of Rakuten’s offering for Bitcoin…

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Crypto News 

Coinbase Buys Blockchain Intelligence Startup Neutrino

“Based in Italy, Neutrino helps map blockchain networks, and in particular crypto token transactions, to pull in information and insight” reports techcrunch.com. Coinbase, the world’s most valuable crypto company, is gearing up to add more cryptocurrencies to its exchange thanks to its latest acquisition.We already know the firm wants to a glut of new crypto assets, but today it announced it has snapped up blockchain intelligence startup Neutrino in an undisclosed deal that seemed destined to help further that goal. Source: techcrunch.com

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Crypto News 

Report: Bitmain IPO Document Reportedly Reveals $500 Million Q3 Losses

“Bitcoin (BTC) mining giant Bitmain could have made losses of around $500 million in Q3 last year, industry magazine CoinDesk reported on Feb. 19, citing a company document” writes William Suberg for cointelegraph.com. The company also released its new Bitcoin mining hardware chip this week.If the information is correct, the assumption is that Q3 cost Bitmain $500 million in losses, corroborating a widely-held theory that the accelerating Bitcoin bear market late last year took a serious toll on the mining sector. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin Forms Green Candle on Monthly Chart After 6 Months

“As of the time of this writing, Bitcoin is on an up trend, trading at $3,828.50, marking a 2.29% change in 24 hours” reports livebitcoinnews.com. Among the top ten digital assets, Ethereum (ETH) has posted the biggest gain, seeing a 10.41% 24-hour change, trading at 139.14 to the US dollar.The upward movement has seen its market capitalization grow from USD $64 Trillion to $USD 65.9 Trillion, owning 52.14% of the total cryptocurrency market cap.Ethereum is followed by Bitcoin Cash (BCH) with 6.68% growth, and EOS (EOS) recording a 4.34% increase.Bitcoin’s…

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Crypto News 

Alleged Bitcoin Mining Scam Reported in Thailand

“Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18” writes Aaron Wood for cointelegraph.com. One affected individual told the Bangkok Post “But from August the owner began imposing conditions for withdrawing the money.The Bitcoin (BTC) mining contracts offered by the company reportedly ranged from three months to a lifetime.Local authorities reportedly suspect that a total of 140 individuals were affected by the scam.Per the report, 30 people have filed a…

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Crypto News 

Owner of Indeed and Glassdoor Job Search Engines Invests In Privacy Coin Project Beam

“Recently, Beam (BEAM) announced that it plans to introduce a Mimblewimble-compatible lightning network (LN) to enhance the altcoin in commercial settings where payments would require quick confirmation” writes Ana Alexandre for cointelegraph.com. Japanese employment information services company Recruit Co., Ltd. has invested in a blockchain-focused company Beam Development Limited, according to an announcement published on Feb. 18.Beam is a privacy-oriented crypto project that purportedly secures transactions by enabling transaction data to be verified by a specified third party.The firm acquired job search portal Indeed.com in 2012, and then job search…

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Crypto Futures Markets News 

Indonesia Launches Regulatory Framework for Crypto Futures Market

“The new regulatory framework announced today is comprised of numerous major rules for operators in the crypto futures space” writes Celeste Skinner for financemagnates.com. Operating under Indonesia’s Ministry of Trade, the regulator has stated that cryptocurrency futures exchanges wanting to operate in Indonesia, must be registered and approved before they can commence operations.The regulation announced today, follows on from reports released back in June of last year, that cryptocurrency futures trading is legal in Indonesia.The Indonesian Commodity Futures Trading Supervisory Agency (Bappebti) announced via an official press release that it…

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Crypto News 

China: Guangdong Province to Use Blockchain-Based Electronic Tax Invoices for E-Commerce

“By using a blockchain-based electronic invoice platform, the taxation authority will reportedly improve the efficiency and transparency of the invoice services, the publication underlines” writes Max Yakubowski for cointelegraph.com. Guangdong Province, one the most populated region in China, has opened the first blockchain electronic invoice service for customers and merchants, planning to extend their experience to the large-scale e-commerce field.The Guangdong Municipal Taxation Bureau will implement an electronic invoice platform based on blockchain for the e-commerce industry, local Chinese news outlet Southern News Network reported on Feb. 18. As Cointelegraph…

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Crypto News 

Crypto Crime Trends Evolving as Users Wise Up: Exchange Hacks, Darknet and Money Laundering

“At the right time, at least half of the stolen funds are cashed out using various conversion services within 112 days” writes Gareth Jenkinson for cointelegraph.com. Hackers waste no time cashing out stolen cryptocurrency, usually within three months after the initial attack.The second organization is less thorough in their approach, biding their time before converting stolen funds to clean money.In certain countries, existing anti money-laundering (AML) and Know Your Customer (KYC) regulations apply to cryptocurrency exchanges, which has helped curb some instances of crypto money laundering.The information could become pivotal…

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