“Over the last couple of weeks, the world has watched as the QuadrigaCX crypto exchange unfolded” reports livebitcoinnews.com. Keeping your crypto in an exchange wallet defeats the entire purpose of a decentralized system.Long story short, the exchange lost access to the majority of its assets in cold storage after the founder died unexpectedly. Source: livebitcoinnews.com
Read MoreBitcoin [BTC] and Ethereum [ETH] brokerage Coinmama hacked; 1.3 million users affected Coinmama, the cryptocurrency brokerage company based in Israel has suffered a major database breach resulting in 1.3 million users’ data being… Bitcoin SV [BSV] spearhead Craig Wright predicts dire future for altcoin market The Chief Scientist at nChain and spearhead of the Bitcoin SV [BSV] project, Craig Wright has stated, via a tweet, that by June 2020 the Altcoins will… Why bitcoin’s future is vertical and crypto should give up going horizontal If vertical second-layer expansion…
Read More“According to the report, Netpay aims to migrate to using blockchain technology in order to reduce its operating costs” reports mybitcoinnews.co. Major international payment solutions company Netpay has reportedly partnered up with an Israeli-based firm to integrate blockchain-based technology in its services.It runs on blockchain technology but it takes advantage of existing institutional remittance infrastructure amid banks such as the networks of SWIFT and SEPA to maintain KYC/AML requirements.Netpay, an international payment processing company, has partnered up with BNC LedgerTech to provide blockchain-based services to its broad user base, according…
Read More“Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11” writes Aaron Wood for cointelegraph.com. During a blockchain event in April 2018, investment tycoon Tim Draper forecasted that by 2022 the price of Bitcoin could reach $250,000.Earlier today, United Kingdom-based cryptocurrency miner Argo Blockchain announced it was refocusing its business in order to cut costs.Predictions from experts in various aspects of the crypto space have ranged from bullish to…
Read More“According to the notice, the NYSE Arca exchange filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust under its NYSE Arca Rule 8.201-E on Jan. 28” writes Helen Partz for cointelegraph.com. The United States Securities and Exchange Commission (SEC) started reviewing a rule change proposal for NYSE Arca’s Bitcoin (BTC) exchange-traded fund (ETF) on Feb. 11, according to an official document published today, Feb. 15. Source: cointelegraph.com
Read More“Indonesia has introduced new legislation that recognizes Bitcoin (BTC) as a trading commodity, Asia-oriented news outlet KrASIA reported on Feb. 15” writes Ana Alexandre for cointelegraph.com. Today, Bappebti reportedly approved regulation No. 5/2019 that recognizes Bitcoin and other digital currencies as a trading commodity.Indonesia’s Commodity Futures Trading Regulatory Agency, also known as Bappebti, initially signed a decree to make cryptocurrency a commodity future legally tradable on stock exchanges last June.The new policy reportedly outlines a set of requirements in regard to any cryptocurrency circulating in Indonesia. Source: cointelegraph.com
Read More“JPMorgan Chase CEO Jamie Dimon is widely known as a critic of Bitcoin” writes Sissi Cao for observer.com. On Thursday, JPMorgan said it would introduce a blockchain-based token called “JPM Coin,” which would allow clients to make “instantaneous” money transfers and significantly lower the cost and risk of transactions thanks to the token’s underlying tamper-proof blockchain system.The bank said it was still in its prototype phase and would only be available to a small number of institutional clients at first. Source: observer.com
Read More“Investments that are oversold bounce quickly and sharply from those grossly unjustified levels” writes Aaron Hankin for marketwatch.com. On Friday, a single bitcoin BTCUSD, -0.20% was fetching $3,578.70, up 0.2% since Thursday’s level at 5 p.m.The lack of a decisive bounce tells us that bitcoin is not grossly oversold yet. Source: marketwatch.com
Read MoreBitcoin Really Is Money, Here’s Why People say that bitcoin is not money, here’s why they are wrong. Bitcoin looks to snap 4-day losing streak Bitcoin prices are marginally higher to begin Friday, as the best-known cryptocurrency looks to snap a four-day losing streak. Jamie Dimon hated bitcoin. Now JPMorgan is getting ahead of the crypto revolution JPMorgan Chase’s decision to launch a crypto coin shows how blockchain poses a long-term threat to the traditional payment system. Bitcoin [BTC]: Daily average block size hits an all-time high…
Read More“One of the largest Brazilian banks, Bradesco, has notified crypto exchange Bitblue that its banking accounts will be closed late February, local crypto outlet Portal do Bitcoin reported on Feb. 13” writes Ana Berman for cointelegraph.com. CADE initially launched a probe against six major national banks — including Banco do Brasil, Banco Bradesco, Itaú Unibanco Holding and Banco Santander Brasil — in September 2018.Following several complaints about banking accounts closure, the antitrust watchdog started investigating alleged monopolistic practices in the crypto space.Subsequently in October, Banco do Brasil and Santander Brasil…
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