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| July 17, 2018

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Hugh Hefner’s daughter Christie opens up about keeping Playboy founder’s legacy alive

July 12, 2018 |

For Christie Hefner, visiting the Playboy Mansion was a child’s dream.
FOX News

The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business

July 9, 2018 |

The Daily: Bitmain Valued at $  12 Billion, New US Crypto Exchange Opens for Business

In today’s edition of Bitcoin in Brief we cover how Bitmain’s valuation reached $ 12 billion, the opening of a new US-based crypto exchange, and Binance’s decision to donate $ 1 million to flood victims in Japan. Additionally, we explore what parts of the current crypto ecosystem Vitalik Buterin hates.

Also Read: Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

Bitmain Valued at $ 12 Billion

The Daily: Bitmain Valued at $  12 Billion, New US Crypto Exchange Opens for BusinessBitmain Technologies Ltd., the Beijing-headquartered bitcoin mining machines (ASIC chips) producer, has raised up to $ 400 million in its latest fundraising round, valuing the company at $ 12 billion, Chinese media outlet Caixin has reported. The company’s B round of fundraising was led by the venture capital firm headquartered in Menlo Park, California, Sequoia Capital, along with the New York based tech sector hedge fund Coatue, and EDBI Pte Ltd., the private equity and venture capital arm of Singapore Economic Development Board, according to sources close to the deal. Based on this new valuation, Bitmain might seek a massive initial pubic offering (IPO) on the stock market in Hong Kong in the future.

New US Exchange Opens

The Daily: Bitmain Valued at $  12 Billion, New US Crypto Exchange Opens for BusinessThe American crypto trading market is getting a little bit more competitive with a new exchange opening. HBUS, a strategic partner of Huobi, has begun accepting new user registrations by U.S. residents on July 6th. Users are able to deposit BTC, BCH, ETH, ETC, LTC, USDT, CVC, DASH and TUSD. The actual marketplace will go live tomorrow, July 10th, when users will be able to trade and withdraw funds. The launch is not nationwide yet as HBUS does not currently serve residents in Alabama, Connecticut, Georgia, Louisiana, New York, North Carolina, Hawaii, Vermont, and Washington.

“Our strategic partner, Huobi, has grown to be the largest digital asset marketplace globally. As investors‘ acceptance of virtual currency and digital asset increases, we have seen incredibly high demand in the U.S. We are excited to launch as Huobi’s strategic partner, to serve the growing number of people participating in virtual currency trading,” commented Frank Fu, CEO of HBUS.

Huobi has been expanding globally for a while and most recently launched AUD trading in Australia.

Binance Donates $ 1M

The leading cryptocurrency exchange Binance, which expects to make a net profit of up to $ 1 billion this year, has announced it donated $ 1 million to Japanese flood victims. The company stated that “To help out the victims in West Japan that were affected by the heavy rains on 7/7/2018, Binance is donating $ 1,000,000 USD and calling for our crypto friends and partners to join us in the relief initiative.” According to Japanese agencies in the field, the death toll in the western part of the country reached 112 on Monday and many more people are still missing after floods and landslides destroyed homes, disabled infrastructure and sent around 23,000 people fleeing to evacuation centers.

Similar natural disasters have been on the mind of the Bitcoin community recently with floods in southern China affecting many miners.

Vitalik Hates Centralized Exchanges

The Daily: Bitmain Valued at $  12 Billion, New US Crypto Exchange Opens for BusinessVitalik Buterin has recently expressed a deep hatred for the particular business model at the heart of the current crypto trading ecosystem. “I definitely hope centralized exchanges go burn in hell as much as possible,” he said. A particular issue the Ethereum founder raised was how the centralized platforms can extract up to $ 15 million from projects that want to list their ICO tokens. According to Buterin, crypto-only exchanges are preferable to venues which offer fiat pairs as “the fiat world only has centralized gateways.” And he also seems to not be a big fan of Bitmain and its growing power. “Back in 2013, when GHash had 51 percent everybody freaked out. It’s happening a second time and people aren’t really talking about it this much,” Buterin said at a Techcrunch event.

OTCXN Live Test

OTC Exchange Network, Inc. (OTCXN), an institutional finance infrastructure company, has completed its first live test trades of tokenized USD and tokenized Bitcoin between two separate trading accounts over an electronic trading platform with assets held at a neutral custodian. The platform is designed to remove counterparty and settlement risk with an atomic exchange of assets and facilitates settlement of transactions instantly. “We believe that OTCXN’s platform will transform the marketplace, by enabling assured and transparent execution, becoming a trusted cornerstone driving the maturation of the fiat and crypto markets,” said Barry Thompson, Managing Partner of Volantis Escrow which served as the custodian. “We’ve received dozens of inquiries from trading firms and custodians about our launch date. I’m thrilled that our live test trades were a success and that we’ll soon bring our solution to the market,“ added Rosario M. Ingargiola, founder and CEO of OTCXN. The company plans to launch the public beta on July 9, 2018.

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 The Daily: Bitmain Valued at $ 12 Billion, New US Crypto Exchange Opens for Business appeared first on Bitcoin News.

Bitcoin News

The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades Europe

July 8, 2018 |

The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades Europe

In this week’s daily editions of Bitcoin in Brief we reported about Coinbase opening the floodgates for institutional money, the new crypto law in Malta, and a move by Bittrex to invade the European market. We also covered, in this week’s most commented-on article, Nobel laureate economist Paul Krugman’s trolling of XRP and BTC supporters.

Also Read: No Insider Trading, Market Manipulation and Misleading Ads – Malta’s New Crypto Law

Fake Trezor Wallet Website

The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades EuropeOn Monday, we reported that hardware wallet manufacturer Trezor has issued a warning to clients about a phishing attempt against its users. A fake Trezor Wallet website was served to some users who attempted to access  the legitimate address (wallet.trezor.io). The signs point toward DNS poisoning or BGP hijacking. Thankfully, the fake wallet has been taken down by the hosting provider. However, Trezor asked clients to remain vigilant and report all suspicious sites as it is possible that this attack method will be used again in the future. Additional stories included the floods in China that took out enough mining farms to make a dent in the global hash rate, and a couple of big new investments in the field.

Coinbase Custody Opens

The big story on Tuesday was that the new institutional offering Coinbase Custody officially opened for business. The service will be onboarding crypto hedge funds, exchanges and ICO projects over the coming weeks. It provides secure storage for institutions in both the US and Europe, and the company hopes to bring this offering to Asia as well, before the end of the year. The service currently supports BTC, ETH, LTC and BCH, and is expected to open the floodgates for big institutional money looking for cryptocurrency exposure. In other exchange-related news, Hitbtc responded to John McAfee’s accusations that the venue is “killing poor people”,  BTCC officially launched its new platform, and Huobi announced the postponement of Hadax voting.

Buying Crypto is Too Hard?

The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades EuropeOn Wednesday, we reported that the complicated process of purchasing cryptocurrencies is the biggest obstacle for new investors entering the crypto space. This was according to a recently released survey of 1,000 US residents designed to profile crypto holders and better understand how they are using their digital coins. The poll also attempted to gauge the cultural perceptions surrounding cryptocurrency ownership. Another study found that despite regulatory pressures and other issues like bad publicity due to fraudulent or unsuccessful projects, Initial Coin Offerings (ICOs) have raised $ 11.8 billion through May 2018.

Malta Enacts Crypto Law

The big news on Thursday was that the parliament of Malta had given the final approval for three bills meant to create a welcoming regulatory framework for crypto ventures. The bills enacted into law are the Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. We took a deep look into the law and found a number of issues that can have an impact on traders and exchanges such as prohibitions on insider trading, market manipulation and misleading ads or ICO whitepapers.

Bittrex Invades Europe

The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades EuropeOn Friday, it was reported that Bittrex has released details of a new venture with Invest.com. The pair will be creating a digital asset trading platform, to open to EU traders initially. It will feature over 200 tokens whilst leveraging Invest.com’s knowledge of derivative trading, equity trading and portfolio management. And another six letter domain, Crypto.com has been sold for millions.

Bitcoin Enters Indian Politics

On Saturday, it was reported that the Indian National Congress (INC), one of the two leading parties in the country, accused its major political opponent, the ruling Bharatiya Janata Party (BJP), of being complicit in a “bitcoin scam”. INC spokesman Shaktisinh Gohil demanded a judicial probe into the alleged money-laundering scheme using the cryptocurrency. Additional stories covered some BCH-related projects and services, as well as the latest incarnations of the blockchain technology.

Paul Krugman Trolls Ripple

The most commented-on article during the week covered the verbal attack on XRP by Nobel laureate economics professor and New York Times columnist, Paul Krugman. “If a digital currency isn’t actually used for any transactions, is it, you know, actually a currency?” tweeted Krugman. He was prompted by a colleague’s recent article regarding a push by Ripple’s XRP to urge users to do more than just speculate. Join the discussion.

This Week in Bitcoin Podcast

Catch the rest of this week’s news in the This Week in Bitcoin podcast with host Matt Aaron.

What other stories in the Bitcoin world caught your attention this week? 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 Pulse, another original and free service from Bitcoin.com.

The post The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades Europe appeared first on Bitcoin News.

Bitcoin News

The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches

July 3, 2018 |

The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches

Recent updates about the operations of cryptocurrency exchanges is the main focus in today’s edition of Bitcoin in Brief. Stories include the official opening of Coinbase Custody, a spat between Hitbtc and John McAfee, the relaunch of the BTCC exchange and Huobi’s postponement of Hadax voting.

Also Read: Luxury Marketplace Fancy Offers Discount for Bitcoin Purchases

Coinbase Custody Opens

The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC RelaunchesCoinbase has announced that its new institutional offering Coinbase Custody, that last week accepted its first deposit, is now officially open for business. The service will be onboarding crypto hedge funds, exchanges and ICO projects over the coming weeks. It is a combination of cold storage, an institutional-grade broker-dealer and reporting services, and a client coverage program.

Coinbase Custody leverages the expertise and systems of Electronic Transaction Clearing (ETC), a SEC-registered broker-dealer and FINRA member. It provides secure storage for institutions in both the US and Europe, and the company hopes to bring this offering to Asia as well before the end of the year. The service currently supports BTC, ETH, LTC and BCH. And as we previously reported, it is expected to open the floodgates for big institutional money looking for cryptocurrency exposure.

“As crypto continues its maturation as an asset class and more institutions enter the space, Coinbase is committed to delivering products and services that are tailored to their unique needs. Coinbase Custody delivers the trusted storage service that our clients need to fully immerse themselves in the potential that crypto assets provide. We look forward to delivering more offerings over the coming months,” the company stated.

Hitbtc Hits Back at McAfee

Hitbtc, the Hong Kong-based exchange, has responded to John McAfee’s accusations on Twitter that the venue is “killing poor people”. The provocateur and former ICO shiller supreme started the fight last Thursday when he wrote that “The crypto exchanges have become the thing that we have originally fought against. Their power is immense. Hitbtc, for example, has increased suffering for millions of poor people who cannot afford the minimum buy-in since it is greater than their monthly income. Boycott them.”

The exchange mockingly thanked him for raising the problem and being the voice of the community. To which McAfee responded: “Your algorithm killed an unknown number of people. You tell me what algorithm recompenses these deaths.”

BTCC Relaunches Exchange

The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC RelaunchesBTCC, once one of the biggest bitcoin exchange in China, has officially launched its new platform on Monday, as we reported back in May. The new exchange supports trading BCH, BTC, ETH, LTC, and USD, and offers zero trading fees for the first three months of operation. Interestingly, the platform also features a rewards point system, reminiscent of the much maligned 
Trans-Fee mining business model that recently propelled new exchanges to the top of the volume charts.

Huobi Backtracks on New Hadax Rules?

On Friday, Huobi declared it will be implementing several Hadax voting changes meant to combat bribery for token listings. However, now the exchange has announced the postponement of the opening of voting which was originally planned for Monday. The main change was dividing its Super Nodes into two categories and dropping all projects not supported by the new higher tier group. The team notified users that “Due to the participation of new nodes, the HADAX operating team is still working hard to provide better autonomy plan for the community, and the rules are still being discussed intensively, taking into account the forward compatibility issue. Therefore, HADAX will delay the opening of the 1st round of the 4th phase of voting.”

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 The Daily: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches appeared first on Bitcoin News.

Bitcoin News

The Daily: Swiss Crypto Vault, Huobi Opens in London, Malta Approves Crypto Bills

June 30, 2018 |

The Daily: Swiss Crypto Vault, Huobi Opens in London, Malta Approves Crypto Bills

In Saturday’s Bitcoin in Brief, we cover some of the new expansion plans of leading cryptocurrency trading platforms. Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, while the parliament in Valletta has approved three bills designed to increase the attractiveness of Malta for businesses in the crypto space.   

Also read: Exchanges Expanding, Brave Adds Tor, Tether “Double Spent”

Huobi Confirms Plans for Office in London

The Daily: Huobi Confirms London Office, Coinbase Opens One in PortlandCrypto exchange Huobi will be opening an office in London as part of its plans for global expansion that include America as well. The Singapore-based trading platform, currently the third largest by trading volume, has confirmed earlier reports in an official statement this week and is obviously moving closer to the City. Operations in the UK will be managed by Lester Li who will take the post of European Exchange Director and Josh Goodbody who will assume responsibilities as Chief Compliance Officer.

Despite the generally lukewarm attitude of British financial authorities and regulators towards cryptocurrencies, the industry has been gaining ground on the Albion, with UK trading volume ranking fifth in the world, according to Huobi. In other words, the Kingdom has become the largest crypto market in Europe. Britain has also registered a growing number of successful ICO projects that have raised about $ 500 million in 2018, as claimed in a recently released report.

Coinbase Opens New Office on the West Coast

While Huobi is eyeing London, Toronto, San Francisco, and São Paulo, the US-based exchange Coinbase has been planning an expansion on America’s West Coast. The trading platform announced in a post on the company’s blog that it will be setting up an office in Portland, Oregon. Taking advantage of the local “innovative community,” Coinbase plans to offer up to 100 new jobs, supporting Portland’s economy. The vacancies may increase in the future, as the company expands its business activities.

The news comes after an earlier announcement about Coinbase’s intentions to conquer foreign markets, too. This month, the exchange shared its decision to apply for a license with Japan’s Financial Services Agency (FSA). It has been reported that the platform is also set to introduce GBP deposits and withdrawals within the coming weeks, following an agreement to partner with UK’s Barclays bank.

The Daily: Huobi Confirms London Office, Coinbase Opens One in Portland

In another blog post, the leading US exchange announced that we are waving goodbye to GDAX and saying hello to Coinbase Pro. The exchange explained that Coinbase Pro is a “new interface built on top of the existing GDAX trading engine that has been designed with the needs of the active trader in mind.”

After the launch date, Coinbase detailed, any balances and trading history in GDAX wallets will automatically be shown on Coinbase Pro. It also said that accessing GDAX.com after June 29 will result in being redirected to Coinbase Pro. The team encouraged all users to update their bookmarks and try the upgraded trading experience.

Keeping Cryptos Safe, in a Safe

And if being able to swiftly exchange your cryptocurrencies is a priority in times when markets are dominated by a downward trend, keeping them safe is the number one on the list for those who can afford the long positions. Two Swiss bitcoin entrepreneurs are now trying to attract more hodlers to a secure Alpine bunker, much like the Hong-Kong based Xapo.

The Swiss Crypto Vault is a venture set up by Niklas Nikolajsen, a well-known bitcoin speculator, and former UBS Group AG investment banker, Philipp Vonmoos. According to its founders, the project aims to lure ultra-high net worth individuals and institutional investors with its “deep underground storage, state-of-the-art encryption, multi-signing authorization processes and many more security features,” Bloomberg reported.

The Daily: Huobi Confirms London Office, Coinbase Opens One in Portland

The storage space is available to clients that need to protect their holdings in cryptocurrencies like bitcoin, litecoin and ether, as detailed in a statement by Nikolajsen’s cryptocurrency broker, Bitcoin Suisse, which has already transferred the digital currency it controls to the bunker. The company is now working with 10 lenders and 10,000 clients.

“Many banks already have important clients where they simply cannot say no when they ask about crypto investments and crypto financial services – that’s when banks get in touch with us,” Niklas Nikolajsen said in an interview in Zug, home of the Swiss Crypto Valley. “It’s not millions anymore we’ve been moving to the bunker – it’s the next level,” he added.

Malta Approves Three Crypto Bills

The Daily: Huobi Confirms London Office, Coinbase Opens One in PortlandMalta, one of the jurisdictions competing with Switzerland for the attention of crypto companies and investors, has recently adopted three cryptocurrency and blockchain oriented draft laws. On Tuesday, the Maltese parliament voted unanimously to approve on second reading the bills designed to turn the island nation into one of the most attractive destinations for businesses in the crypto space.

Quoting the government in Valletta, the local press also reported that Stephen McCarthy is to become the first chief executive of the Malta Digital Innovation Authority. According to The Times of Malta, McCarthy has previously worked in accountancy and iGaming before serving as CEO of the Maltese Housing Authority in the past few years.

“Malta will be at the forefront in the regulation of this section,” Parliamentary Secretary Silvio Schembri commented. Indeed, recognizing the positive developments in the Mediterranean country, crypto companies like Bitbay and Okex, have already announced their intentions to relocate to the Island.

What are your thoughts on today’s Bitcoin in Brief news tidbits? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post The Daily: Swiss Crypto Vault, Huobi Opens in London, Malta Approves Crypto Bills appeared first on Bitcoin News.

Bitcoin News

They Take a 9-Hour Test in China. Then a Door Opens

June 18, 2018 |

Although high school students in the US might view taking the SAT or ACT as an ordeal, those college entrance exams have nothing on China’s gaokao, a grueling two-day, nine-hour test that Chinese students spend years preparing for. This year, an estimated 9.75 million students will take the test,…
Newser

Taylor Kitsch opens up about preparing to play cult leader David Koresh

June 13, 2018 |

It took Taylor Kitsch four and a half months and losing 30 pounds before he was prepared to play cult leader David Koresh in “Waco.”
FOX News

Kayaker Dies a Hero After Whirlpool Opens Up

June 12, 2018 |

Arkansas officials have a message for boaters on the popular Spring River: Stay away from the Dead Man’s Curve area near Saddler Falls. Officials say a kayaker died in the area Saturday when a sinkhole opened up in the riverbed, creating a large whirlpool that overturned boats, the Washington Post…
Newser

Pass holders will see more blackout dates for Disneyland after Star Wars attraction opens

June 5, 2018 |

Already struggling with crowding problems, Disneyland resort officials have long hinted that they will be forced to add restrictions to deal with the surge of crowds when a Star Wars land opens next summer.

The first attempt at controlling the expected throngs was announced this weekend as the…


L.A. Times – Business

TMZ

Jay Leno Opens the ‘Garage’ and Takes a Classic Car for a Spin

May 27, 2018 |

Jay Leno might be 68 years old, but he’s driving like he’s 25 in spirit … and maybe about 90 or so on the road.  The former ‘Tonight Show’ host was spotted revving up on the I-5 freeway in Burbank, CA Sunday in what appears to be a…

TMZ.com