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In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

March 22, 2019 |

In the Daily: Mt Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies.

Also read: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

Mt. Gox Trustee Completes Review of Claims

The rehabilitation trustee in the Mt. Gox case, Nobuaki Kobayashi, has completed the review of the claims filed by the users of the hacked exchange. According to an official announcement, Kobayashi has approved or disapproved the claims of the creditors concerning their rights to ask for the return of their funds from Mt. Gox and submitted the respective statements to the Tokyo District Court.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

The English translation of the document, dated March 19, reveals that in the coming days the trustee will inform the claimants of the results of his review. Users who have filed their claims through the online filling system hosted on the Mt. Gox website will be able to check the results by logging into their accounts. Other creditors will be notified of the approval or disapproval of their rehabilitation claims via email.

Caspian Launches Crypto Derivatives Trading

Asset management platform Caspian, which works with institutional investors, has announced it’s now offering options and futures crypto trading. The new services will be provided through an integration with the crypto derivatives exchange Deribit. Caspian clients will have access to financial instruments based on bitcoin core (BTC) and ethereum (ETH). Perpetual crypto swaps will also be available.

According to a press release, Caspian connects to the Deribit platform via an API that supports high volumes with low latency, providing traders and investors with access to the exchange’s full options order book. Representatives of the company noted that no fee will be charged on deposits and withdrawals of funds from the platform. Clients will be offered leverage up to 100x.

Facebook to Hire Lawyer Experienced in Blockchain

Social media giant Facebook has recently announced a vacancy for a legal expert with blockchain experience. According to the ad, the future Lead Commercial Counsel will be expected to support the company’s “new initiative in the development of blockchain applications.”

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

“You will be responsible for drafting and negotiating a wide variety of contracts related to our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally,” details the job posting published this week on Facebook’s website. The lawyer will also advise clients on the legal risks related to commercial transactions and general operations.

Although the announcement does not explicitly mention digital assets or cryptocurrencies, “experience with blockchain or payments technology” is among the minimum qualifications candidates are required to have. They should also have prior experience in dealing with the legal issues arising from blockchain applications and payment systems.

Swiss Lawmakers Want Crypto Regulations

The Federal Assembly, Switzerland’s legislature, has approved a proposal to task the Alpine nation’s government with adapting the existing provisions and procedures used by the judicial and administrative authorities so that they can be applied to cryptocurrencies. The motion filed by Giovanni Merlini, a member of the Swiss parliament, was approved in a 99 to 83 vote with only 10 abstentions.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

According to an announcement published on the assembly’s website, Merlini insisted on the importance of closing the gaps in the protection against abuse in the crypto space. The lawmaker noted that cryptocurrencies could be issued to anyone via decentralized, peer-to-peer networks and warned that many of them are anonymous. This, in his opinion, favors extortion and money laundering.

The Federal Council, the Swiss central government, is now expected to clarify how the risks can be contained and whether entities operating crypto trading platforms should be subjected to supervision by the country’s financial watchdog, Finma.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations appeared first on Bitcoin News.

Bitcoin News

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory  

March 21, 2019 |

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

In this edition of The Daily, we feature a couple of announcements by leading crypto exchanges. Binance starts selling cryptocurrency for cash at newsagent stores in Australia, while Huobi is launching its new token listing platform. In other news, Aeternity and Satoshipay join forces to offer faster crypto micropayments and Nvidia expects to clear mining chip inventory in this quarter.

Also read: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Binance to Sell Cryptocurrencies at Newsagents in Australia

Binance, the world’s leading cryptocurrency exchange by volume, has announced the launch of Binance Lite Australia, a platform that will allow local residents to buy cryptocurrency at more than 1,300 newsagents across the country. Currently, the new cash-to-crypto service supports only purchases of bitcoin core (BTC) with Australian dollars (AUD) but other digital coins and fiat currency options will be added in the future.

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

To acquire the crypto, customers will have to place an order online and then deposit the cash at the nearest newspaper kiosk. But before they can do so, they will have to provide their personal details and pass account verification on the website of the platform, binancelite.com. Verified users will be able to place their orders and receive the coins within minutes, the exchange promised in a blog post. Binance Lite Australia will charge a 5 percent fee for the service.

Token Launchpad Huobi Prime to Go Live on Tuesday

Digital asset exchange Huobi announced the launch date of its new token listing platform. Huobi Prime will go live next Tuesday, March 26, the company revealed in a tweet this week. The first campaign based on Huobi’s launchpad will be held by a project called TOP Network, which will distribute 1.5 billion TOP tokens among its users in three 30-minute rounds.

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

According to the announcement, Huobi Prime will allow crypto projects to trade their coins immediately in a model described by the exchange as “direct premium offering.” Tokens issued through the platform, which is an alternative to Binance Launchpad, may be listed in the future on Huobi Global and Hbus in trading pairs with USDT, BTC, ETH, and KRW.

Aeternity Invests in Micropayment Platform Satoshipay

Aeternity, a project developing a blockchain protocol for smart contracts with open code, has acquired a stake in Satoshipay. According to a press release, the deal was sealed during the latest financing round for the micropayment service. Satoshipay will now be able to integrate Aeternity nanopayment solutions and offer its users faster transactions.

Axel Springer SE, one of the largest digital content companies in Europe which runs news outlets such as Upday, Die Welt, Bild, and Business Insider, will be among the first users of the new services offered by Aeternity and Satoshipay. Its users will be able to pay for the content with cryptocurrency via the Satoshipay wallet.

In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

Nvidia to Clear Mining GPU Inventory

Video card manufacturer Nvidia is expecting to soon clear the excess inventory accumulated in anticipation of high demand for cryptocurrency mining equipment. The company believes it will manage to achieve that during Q1 of 2019, according to comments made by its CFO Colette Kress during a meeting with investors in California this past Tuesday, Bloomberg reported. The stockpile of unsold graphics processing components was created when the sales of chips dropped last year following the decline in cryptocurrency prices.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory   appeared first on Bitcoin News.

Bitcoin News

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

March 20, 2019 |

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Intercontinental Exchange has added new coins to its cryptocurrency data feed and we’ve got the details in this installment of The Daily. This edition also features Coincheck’s announcement that it plans to sell its BSV holdings and reimburse users with Japanese fiat currency. Also, Chinese mining giant Bitmain has closed its office in Norway.

Also read: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job

ICE Adds More Coins to Its Cryptocurrency Data Feed

Intercontinental Exchange Inc., the operator of the New York Stock Exchange, has expanded the scope of its ICE Cryptocurrency Data Feed to cover dozens of new cryptocurrencies. The service uses data from hundreds of sources in the crypto space, as the platform announced earlier this month.

When it launched in January of last year, it was compiling data from around 15 exchanges. Now it promises users a comprehensive view of the market that can help them optimize their digital asset trading. The service is also targeting traditional financial institutions that want to enter the industry.

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Last week ICE Data Services tweeted a list of the digital coins that have been included in the data feed so far. Among them are major cryptocurrencies such as bitcoin core (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC).

Totaling almost 60 projects, the list also includes aelf, ardor, augur, cardano, basic attention token, BSV, BTG, bitshares, bytom, cybermiles, crypto.com, dash, decentraland, digibyte, dogecoin, elastos, eos , ethereum classic, gas, gemini dollar, huobi token, icon, iost, kyber network, lisk, metaverse ETP, miota, mithril, monero, nebulas, nem, neo, odyssey, omisego, ontology, paxos, qtum, ripple, siacoin, status, steem dollars, stellar, tenx, theta token, tether, tron, trueusd, usd coin, vechain, verge, waltonchain, zcash, zilliqa, and 0x.

Crypto Exchange Coincheck to Sell BSV Holdings

Japanese digital asset exchange Coincheck has announced intentions to sell the BSV holdings accumulated as a result of the hard fork of the Bitcoin Cash network in November. The platform plans to convert the coins to fiat money and reimburse its holders with the corresponding amounts in Japanese yen that will be deposited to their trading accounts.

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

Coincheck explained in an announcement quoted by AMB Crypto that the fiat equivalent could be lower than the market price of the coins and noted that a fee will be charged for yen withdrawals. The exchange did not reveal the date and the exact time of the upcoming sale in order to avoid affecting the market price of the currency. It also stated that only BSV funds will be sold.

Bitmain Closes Office in Norway

Chinese crypto mining giant Bitmain has closed its branch in Norway only a year after its opening. The Beijing-headquartered company has already terminated all its operations in the Scandinavian country and moved its office to Germany, ICO Shock reported, quoting the former Norwegian manager of the company, Julie Hvideberg.

According to the executive, the main reason for the move is the revocation of electricity subsidies for mining facilities in the country. In November, the Norwegian government decided that crypto-based data centers should pay the full electricity rates and taxes, unlike traditional data centers.

In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed

The publication highlights the controversial nature of the decision which attracted a lot of criticism from the power and data industry. Hvideberg, who has already quit her job, believes that in the future major mining pools will be concentrated in China and Russia, where electrical energy is much cheaper.

On the backdrop of falling crypto prices, Bitmain closed its Amsterdam office and suspended its operations in a Texas-based mining facility in mid-January. And in December, the company shut down its research and development center in Israel.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post In the Daily: Crypto Data Feed, BSV Sale, Bitmain Office Closed appeared first on Bitcoin News.

Bitcoin News

In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job

March 19, 2019 |

In the Daily: Cryptopia Resumes Trading, Lobbying Intensifies in US, Visa Crypto Job

In this edition of The Daily we cover the resumption of trading on the hacked New Zealand exchange Cryptopia, the American digital assets industry’s increased lobbying of politicians, and a wanted ad by the Visa Crypto team.

Also Read: Tel Aviv Court Rules Bank Can’t Close Crypto Miner’s Account

Cryptopia Resumes Trading, Plans Rebate

The New Zealand-based cryptocurrency exchange Cryptopia is now open for trading again. The platform, which was hacked at the start of the year losing almost 10 percent of its assets, has announced that it’s resumed trading on 40 trade pairs that its team has quantified as secure and will continue to expand this list as they clear more coins.

In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job

The Cryptopia team also sent out an email to update customers on the progress they are making, promising there will be a rebate for those who lost funds. Users will start to see withdrawals of their lost funds and a deposit of Cryptopia Loss Marker (CLM) instead. The platform explained that CLM is not a coin, it can’t be traded as yet, and is rather just a number in the database that represents the loss for each coin for each user in $ NZD at the time of the hack. The rebate won’t be immediate as the company still needs to take steps ensure that the planned reimbursement process follows local laws.

Crypto Industry Lobbying Intensifies in US

As regulators and lawmakers get more involved in any market, businesses in the field usually feel they have to respond by hiring lobbyists to represent their interests with politicians. As such it should come as no surprise that there’s been a strong regulatory push in the U.S. to control the digital assets market, such as instructing projects who they can offer tokens to and classifying certain coins as securities. This in turn has led to cryptocurrency companies stepping up their political game. A new report shows that the industry almost tripled its lobbying efforts over the last year.

In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job
K Street, the center of lobbying in Washington, D.C

“Lobbying on cryptocurrencies and the blockchain technology underpinning them is a niche but growing industry on K Street,” Politico reported on Monday. “The number of entities that reported lobbying on blockchain issues has nearly tripled over the past year, according to disclosure filings — from a dozen in the fourth quarter of 2017 to 33 in the final quarter of 2018.”

Visa Crypto Job Offering

If you are a financial technology professional who loves cryptocurrency but still want to work for the legacy payments system, credit cards giant Visa has a job offer for you. The company is looking for a technical product manager on the Visa Crypto team based out of its Palo Alto offices.

In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job

The online wanted ad, which was posted earlier this month, provides another look into what Visa wants to do in the cryptocurrency segment. It explains that the potential product manager will have to possess significant functional knowledge of the cryptocurrency ecosystem and players involved, “including in-depth knowledge around permissionless blockchain technology as well as a deep understanding of existing retail payment solutions.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: Cryptopia Resumes Trading, US Crypto Lobbying Intensifies, Visa Crypto Job appeared first on Bitcoin News.

Bitcoin News

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry

March 18, 2019 |

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Industry

In this edition of The Daily we feature two countries that want to promote their positions in the cryptocurrency and blockchain world. In the UAE a top banker has stated that keeping up with crypto is crucial to become an international financial hub and in Australia the government is investing in the local industry. Additionally, Coinbase Pro is set to implement changes to trading and fees.

Also Read: Tel Aviv Court Rules Bank Can’t Close Crypto Miner’s Account

Keeping up With Crypto Is Crucial for UAE

The United Arab Emirates (UAE) Banks Federation has hosted a forum on fintech and crypto assets with the Abu Dhabi Global Market, the institution which launched a regulatory framework for cryptocurrency activities in June 2018. The forum discussed, among other related subjects, how financial regulators and banks can handle regulatory risks in working with crypto businesses.

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry

Abdul Aziz Al-Ghurair, Chairman of the UAE Banks Federation, stated: “Given the rapid emergence of new FinTech such as cryptocurrencies and other crypto assets, it is essential that we develop frameworks and regulations that govern these technologies and developments. With aspirations to become one of the foremost international hubs for finance, we must keep up with the rapid technological changes taking place across the sector. Ensuring a robust monetary and financial market environment is critical to this, and can only be achieved by protecting consumer rights and safeguarding market integrity.”

Australian Government to Support Local Industry

The Australian government has announced the development of a national blockchain roadmap as well as $ 100,000 in funding to help the country’s blockchain industry become a global leader. The promised roadmap is said to focus on a number of policy areas including regulation, skills and capacity building, innovation, investment, and international competitiveness and collaboration. The $ 100,000 in funding will help Australian companies to showcase their service at an industry event in New York in May.

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry

Minister for Industry, Science and Technology Karen Andrews commented: “The national strategy puts us on the front foot in exploring how government and industry can enhance the long-term development of blockchain and its uses. We will work closely with blockchain and technology experts from industry and academia to develop the strategy, as well as with CSIRO’s Data61 [the digital innovation arm of Australia’s national science agency] to incorporate findings from their forthcoming future scenarios report on blockchain.”

Coinbase Pro to Implement Trading Changes

Coinbase Pro will implement a set of changes on Friday, March 22 designed to optimize the “market health” of the platform. The changes include a new fee structure, updated order maximums, smaller order increment (‘tick’) sizes, turning off stop market orders and adding market order protection points. Both Coinbase Pro and Prime will introduce a 10 percent market protection point so any market orders that move the price in excess of that will stop executing and return a partial fill, thus helping to prevent large orders from causing more than 10 percent slippage. The company explained that these changes are designed to increase liquidity, enable better price discovery for trades, and to make price movements smoother, leading to a more efficient market.

In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry
New Coinbase Pro fees based on trailing 30-day volume

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: UAE Needs to Keep up With Crypto, Australia to Support Local Blockchain Industry appeared first on Bitcoin News.

Bitcoin News

In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors

March 17, 2019 |

In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors

In this edition of The Daily we cover a planned U.S. regulated cryptocurrency exchange from Riot Blockchain, the arrest of a hacker in Japan who allegedly stole 15 million yen of monacoin, and a couple of new investors in Coinflex.

Also Read: US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

Riotx Exchange Details

Riot Blockchain, Inc. (NASDAQ: RIOT) has filed with the Securities and Exchange Commission (SEC) regarding its planned U.S.-based digital currency exchange, Riotx. The document shows that the company intends to launch trading on the exchange with bitcoin core (BTC), bitcoin cash (BCH), litecoin (LTC), and ethereum (ETH), paired with one another and also for U.S. dollars. Riot Blockchain explained it has selected these coins based on internal and external reviews, and will only include currencies for which it has full regulatory and legal authorization to list.

The upcoming exchange will be comprised of three core services and Riot intends to acquire each of these by engaging third party vendors. Banking services will be provided by Synapse Financial Technologies, Inc. (Synapsefi); a trading engine will be provided by Shift Markets; and a provider of digital wallet services is still unannounced. The company anticipates launching its Riotx digital currency exchange by the end of the second quarter of 2019.

In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors

Before October 2017, Riot was a biotechnology company known as Bioptix, Inc. that specialized in the development of veterinary diagnostic tools. On October 4, 2017 Bioptix announced it was changing its name to Riot Blockchain and shifting its business focus to investing in blockchain technologies. In February 2018 it was hit with a class action lawsuit in the Southern District of Florida related to the move.

Monacoin Hacker Arrested

According to media reports from Japan, police forces have caught an 18-year-old man who allegedly stole a total of 15 million yen (about $ 134.5K) worth of monacoin. The young hacker is accused of committing fraud using computers, among other allegations. He reportedly took advantage of vulnerabilities in an online wallet called Monappy to steal the funds of about 7,700 people. Mona is a cryptocurrency based on a cat meme popular in Japan that was created as a fork of litecoin.

In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors

According to Japanese police, this is the first time a crypto hacker has been exposed in the country. This is despite the fact that he used Tor to hide his online identity and stored the stolen coins in an anonymous exchange abroad. The police claims to have identified him by analyzing blockchain transaction records.

New Coinflex Investors

Coinflex, a physically delivered crypto futures exchange, has announced the addition of investment firm Digital Currency Group and blockchain investment company Polychain Capital to its lineup of investors. Olaf Carson-Wee, CEO of Polychain, commented, “As a physically-settled futures exchange, Coinflex will be well positioned to capture significant order flow from speculators, institutional traders and Proof of Work miners seeking to hedge against crypto price volatility and hash rate volatility.”

The exchange also announced the creation of its own token, called flex coin, to encourage liquidity and reward members who trade on the platform. This is a practice that has spread among exchanges, with the seventh most valuable crypto asset by market cap in the world today – Binance coin – one such exchange token.

In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors

Based in Hong Kong and incorporated in the Republic of Seychelles, Coinflex is owned by a consortium that includes Trading Technologies International Inc., crypto trader Mike Komaransky, and Dragonfly Capital Partners. Market markers B2C2, Global Advisors, Alameda Research, Amber AI, Grapefruit Trading, Coinfloor and its subsidiary companies also have partial ownership of Coinflex.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: Riotx Exchange, Monacoin Hacker, Coinflex Investors appeared first on Bitcoin News.

Bitcoin News

In the Daily: $4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return

March 16, 2019 |

In the Daily: $  4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return

In the first weekend despatch of The Daily, we share some of the exuberance that’s greeted BTC passing the symbolic $ 4K threshold. We also check up on how the Grin developer fund is going and the progress that Cryptopia exchange is making in returning to full strength in the wake of its hack.

Also read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

Traders Bullish as Bitcoin Passes $ 4K and BCH Soars

Having flirted with the price point for a few days, BTC finally mustered up the courage to ease into $ 4,000 territory early on March 16. Crypto twitter had a lot to say about this miniature milestone, which marked BTC’s first return to high ground since Feb 24. “Crypto Thies” proclaimed there to be a three-week buy signal, the first since October 2016, when BTC was at $ 500.

In the Daily: $  4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return
BCH 24-hour chart.

Not everyone was getting carried away with BTC’s latest price point, given its previous failures to hold this position. Nevertheless, given the major moves from scores of altcoins over the past fortnight, coupled with BTC’s more modest overnight gains, there’s confidence clearly returning to the crypto markets. BCH has been the best performing top 10 coin over the last 24 hours, however, climbing 15 percent to reach $ 155.

Poloniex Makes First Grin Donation

In addition to enabling grin withdrawals, Poloniex has announced that it’s made good on its previous pledge to support the Grin developer fund. 50 percent of trading fees from the first month were committed to the Grin General Fund, followed by 25 percent for the next 11 months. Poloniex elected to do so on the basis that “we believe in supporting crypto projects which encourage distributed voluntary development and fair, decentralized methods of token distribution.” The first donation has seen 1.27864 BTC go to the Grin fund to support further development of the Mimblewimble privacy coin.

In the Daily: $  4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return
Cryptopia’s coin info page

Cryptopia Inches Closer to Full Service

Cryptopia has updated its customers on the progress it’s making in restoring hundreds of altcoin wallets. Since suffering a major hack in January that claimed close to 10 percent of its crypto, the New Zealand-based platform has been slowly but steadily getting back on track. It’s now established a coin info page, displaying the status of the altcoins whose wallets it’s restoring. Traders will be relieved to learn that animecoin is now active, though they’ll need to wait a little longer to deposit and withdraw asiacoin. The exchange also took the time out to reflect on the local Christchurch shooting.

What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post In the Daily: $ 4K Bitcoin, Grin Fund Grows, Cryptopia Wallets Return appeared first on Bitcoin News.

Bitcoin News

In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale

March 15, 2019 |

In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale

In Friday’s edition of the daily, we begin by examining the rise of Cosmos, which in terms of sheer hype and expectation is this month’s Grin. We also check out anonymous crime reporting system Intelli Network and consider Bittrex International’s decision to cancel its first token sale hours before it was scheduled to start.

Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement

Cosmos Whips the Cryptosphere Into a Craze

The Cosmos network is only a few days old and already it’s the hottest ticket in town. 20,000 blocks have been produced so far, with an average block time of six seconds. The only number that’s captivated the investor community, however, is the price of its ATOM token. Poloniex is in the process of adding Cosmos’ native token to its exchange, but meanwhile, it’s trading on other platforms as futures.

In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale

With atoms on some exchanges trading for close to $ 19, ICO participants are on course to make a cool 200x on their 2017 investment. The proof-of-stake Cosmos network, whose Tendermint algorithm has formed the basis of Binance’ new DEX, aims to connect blockchains and provide full interoperability between BTC and other assets.

Intelli Network Devises Crypto Crime Network

Intelli Network, an Ethereum dapp, has shared details of its crime-gathering network. The project aims to enhance public safety by facilitating the sharing of intelligence tools, with a focus on crowdsourced tips that can be provided anonymously and viewed by anyone. It aims to overcome the black box problem in which crime reports are normally submitted by the public, who are then left in the dark as to whether the incident has been investigated and resolved. The Canada-based Intelli Network is backed by the Calgary Innovation Coalition, an organization that supports entrepreneurs and startups in the region.

In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale

Bittrex International Cancels Raid Token Sale

On March 14, Bittrex International called off its maiden token sale hours before it was set to go ahead. In a statement, the exchange explained that “Trust and integrity are our most valuable assets … We decided to cancel the IEO as a result of significant changes in the business status of RAID. Specifically, a few hours ago, OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.”

In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale
OP.GG

In an unambiguously worded statement, OP.GG explained: “There will be no economic and technical cooperation with RAID coin. In addition, OP.GG has no intention of developing any blockchain related business utilizing RIOT GAMES data. OP.GG will take all possible legal measures against individuals or organizations disseminating false facts related to this.”

What are your thoughts on the stories in today’s news roundup? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post In the Daily: Cosmos Expands, Crypto Crime Network, Bittrex Cancels Raid Sale appeared first on Bitcoin News.

Bitcoin News

In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet

March 12, 2019 |

In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet

In this edition of The Daily we cover a funding round by a Swiss startup that lists crypto instruments on the SIX exchange, an expansion of the Coinsource ATM network using a new business practice, and a new feature added to the Etoro wallet.

Also Read: Online Bank Swissquote to Add Crypto Custodial Services

Amun Raises $ 4 Million in Initial Funding Round

Swiss crypto asset investments startup Amun AG has announced it has completed its first funding round. The round raised $ 4 million for Amun, and brought on board a number of known industry figures including Adam Draper, founder of Boost VC, Graham Tuckwell, founder of ETFS Capital, and Greg Kidd, co-founder of Hard Yaka. The round also saw participation of four family offices from the U.S., Switzerland and the Middle East.

In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet

Amun is a platform for creating crypto indices and issuing crypto products, in addition to listing, settling, and custody of physically-backed crypto products on public exchanges. Last year it listed an instrument on the Swiss SIX Exchange called HODL, which is a physically backed exchange-traded product (ETP) based on five popular cryptocurrencies (BTC, ETH, BCH, XRP and LTC).

Hany Rashwan, the CEO of Amun, explained that the company plans on using the newly raised funds to keep investing in technical infrastructure, to launch additional crypto-tracking exchange-traded products across multiple geographies, and to help others bring crypto assets to the public markets.

Coinsource Expands in Durham, North Carolina

Coinsource, the Texas-based cryptocurrency ATM network, has reached a partnership with data security company Halo Privacy, expanding its existing network with a two-way (buy and sell) machine in Durham, North Carolina. The partnership makes Halo Privacy the first company to license the ATM network’s technology and operate one of its machines. Sheffield Clark, the CEO of Coinsource, stated that in entering this new stage of business practice the company remains committed to expanding its service to all of the U.S. and eventually reaching international markets.

In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet
Durham, North Carolina

Jamie Marden, director at Halo Privacy, explained: “Partnering with Coinsource to develop BTM networks is a core part of our strategy in the space and they have been outstanding counterparts. We plan to roll out to new markets over the course of 2019 and are excited be contributing to the still nascent cryptocurrency industry.”

Holder of a New York state Bitlicense, Coinsource already operates over 200 kiosks in more than 20 American jurisdictions.

Etoro Wallet Users Can Now Buy Crypto In-App

Etorox, the digital asset subsidiary of social investment platform Etoro, has announced that users of its wallet can now buy cryptocurrencies with fiat directly within the wallet app. All crypto assets available in the wallet (BTC, ETH, BCH, LTC and XRP) can be purchased directly in the app using a credit or debit card (Visa, including Visa Electron and Visa Plus, Mastercard, Maestro and Cirrus).

In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet

To enable this new functionality, Etorox has partnered with Simplex, a licensed financial institution that combines payments processing with fraud prevention technology. Founded in 2014, Simplex is headquartered in Israel, with subsidiaries in the U.K., U.S., and Lithuania. The service processes credit card payments for some of the largest crypto exchanges, wallets, and platforms around the world.

If the service is still not available in your location, the company explains that the Etoro wallet is a new product that is being rolled out on a phased basis both in terms of geographic reach and functionality. Additionally, at present purchases can be made only in euros or pounds sterling.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: Amun Funding Round, Coinsource Two-Way ATM, Etoro Wallet appeared first on Bitcoin News.

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In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

March 11, 2019 |

In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

In this edition of The Daily we cover the latest protocol upgrade to privacy coin monero (XMR), a new feature for traders using Revolut, and the blockchain-based corporate settlements platform SETL appointing administrators for the business.

Also Read: Online Bank Swissquote to Add Crypto Custodial Services

Monero Undergoes Protocol Upgrade

The Monero development team has confirmed that its scheduled protocol upgrade was completed successfully. The hard fork introduced four main changes to the privacy-focused altcoin including an improvement to the dynamic block size algorithm, an introduction of dummy encrypted payment IDs as well as shrinking of the size of amount encodings and using deterministic masks.

In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

The most important update involved making the cryptocurrency more resistant to ASIC (application-specific integrated circuits) miners. A recent report showed that more than 85 percent of the Monero network was dominated by ASIC miners. The newly implemented Cryptonight-R algorithm is meant to tweak the proof-of-work mechanism used by XMR miners to deter using ASIC rigs, at least for a while.

Revolut Launches Auto Exchange

London-based alternative digital banking startup Revolut has added a new feature to the service it calls Auto Exchange, supporting both fiat and cryptocurrencies. Similar to market orders common on forex trading platforms, such as Entry and Stop-Loss, the new feature allows Revolut users to automatically exchange one asset into another when a target rate they set is reached.

In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

Revolut was launched in July 2015, and its services include pre-paid debit cards (Mastercard or Visa), fiat currency exchange, cryptocurrency buying and exchange, peer-to-peer payments, remittances, personal loans, travel insurance and international money transfers. In April 2018 the company raised a Series C investment round of $ 250 million and added support for bitcoin cash (BCH).

SETL Goes Into Administration

Permissioned blockchain-based platform SETL has recently announced the appointment of administrators for the company in a notice of corporate insolvency. This is the latest example of corporate blockchain technology projects struggling to deliver on the hype they generated. The newly appointed administrators, Quantuma LLP, are tasked with enabling the company to balance its holdings and continue its activities on a business as usual basis.

In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration

Trying to put a positive spin on the matter, SETL refers to the move as a corporate reorganization following the completion of its Central Securities Depository (CSD). The company explained in a blog post that it recognizes that as an early stage firm it is not sufficiently able to contribute the capital needed for the CSD and is now seeking to sell its holding to a larger financial services firm, “one better placed to provide the capital required to support the growth trajectory.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post In the Daily: Monero Upgrade, Revolut Auto Exchange, SETL Administration appeared first on Bitcoin News.

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