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Wednesday Archives -

Stocks close mostly lower Wednesday after uncertainty over trade unnerves investors

February 27, 2019 |

Most major U.S. stock indexes finished down Wednesday after healthcare, communications and technology companies weighed down the market.

The finish extended the market’s mild losses from a day earlier. Even so, the benchmark Standard & Poor’s 500 index is on track to end the month with a gain of…


L.A. Times – Business

Hotel workers ready to strike as early as Wednesday in Southern California

December 11, 2018 |

About two dozen Southern California hotels could be hit with a strike as early as Wednesday, as 7,500 local workers try to exercise their union’s growing muscle, built through a series of successful strikes against hotels this year around the nation.

Members of Unite Here Local 11 in Los Angeles…


L.A. Times – Business

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

September 11, 2018 |

Killing Banks - A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

MoneyToken crypto-backed loans platform has announced making zero-interest loans available for everyone.

From 12th September onward, anyone will be able to join the MoneyToken platform and get a loan under a 0% interest rate.

To get a zero interest rate crypto-backed loan on the MoneyToken platform, users are required to purchase a special membership that allows for zero-interest conditions. It can be purchased with IMT tokens, which users can easily find on various partner platforms like CoinSuper, BitForex, IDEX, etc.

All IMT tokens spent on the purchase of memberships will be burned.

MoneyToken.Com is a new kind of lending platforms which allows users to borrow liquid funds instantly, based on the current value of the cryptocurrency asset holdings. Users can take out a loan, collateralized with more volatile assets like Bitcoin or Ethereum; in return, they receive the agreed loan amount in stable currency.

“Since your ownership of the blockchain-based asset is verifiable, and the value is transparent to the market, you don’t need to undergo invasive and unnecessary credit checks — there is nothing added to your credit history or any public credit file. Equally the loan decision can be made almost instantaneously — there is no need for MoneyToken to make extensive evaluations of the market value of your assets (unlike, for example, as happens if you remortgage a property).”
Alex Rass, co-founder MoneyToken

When the time is up for the loan, and after you repay it fully, you get the whole sum back, even if the BTC has increased value-wise a lot during this time. Consequently, for people holding their crypto waiting for a better price to sell at, or never intending to sell at all, this kind of system is a life-saver.

The platform is gaining popularity among crypto traders, miners, token sale projects that raised in ETH and don’t want to spend their crypto, being waiting for better price.

‘Our priority at the moment is to shed some light on how the platform actually operates for the members of our community, offer hands-on experience so to speak, so that everyone would gain some positive impressions of crypto relations’, – says Jerome MacGillivray, co-founder of MoneyToken.

There are currently several players on the market of crypto-backed lending, but it’s pretty apparent that MoneyToken can be ranked first for now, if you keep in mind how quickly the platform jumped to the top and the amount of updates on their advances we seem to be getting.

Note: Recently the team has announced that Roger Ver, founder of Bitcoin.com, has joined their advisory board and also the issuing loans in a new USDC Stablecoin from Circle, which is backed by Goldman Sachs and BitMain.

A sneak-peek behind the scenes: recently one of the most famous youtube journalists has visited the office of MoneyToken: https://www.youtube.com/watch?time_continue=9&v=EZN_RL5B9uM

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
https://moneytoken.com/?utm_source=www.news.bitcoin.com&utm_medium=article&utm_campaign=0%25_interest_loans

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday appeared first on Bitcoin News.

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Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

June 21, 2018 |

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears

John McAfee’s decision to stop shilling ICOs as a regulatory day of reckoning draws near is the top item in today’s edition of Bitcoin in Brief. Additional stories include Bittorrent trying to reassure users it wont cryptojack them to mine tron, Binance’s latest venture in Malta, a tether replacement getting VC backing, and Paris Hilton’s dad getting into crypto.

Also Read: Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018

Day of Reckoning for ICOs

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning NearsAntivirus pioneer and token pump master, John McAfee, has announced he is no longer working with ICOs nor is he going to keep recommending them. The reasons he gave for the move are “SEC threats” and that “those doing ICOs can all look forward to arrest. It is unjust but it is reality.”

An explanation for what McAfee might be fearing came from Chris Concannon, the president of Bitcoin Futures supporting Cboe Global Markets. “The reckoning will come in two waves,” he said in an interview with Business Insider. According to him, ICO investors should lay awake at night worrying as the SEC will soon go after market participants. Following that he expects a torrent of class-action lawsuits against the teams behind projects. “If you sold someone an unregistered security you are liable to them if they decide to take them to court,” Concannon said.

Despite all of this don’t count McAfee out of the market just yet. He also claimed to be working “on an equivalent alternative to ICOs which the SEC cannot touch.”

Bittorent Tells Users Not to Worry About Tron Takeover

Bittorrent Inc, the company managing the development of the peer-to-peer file sharing protocol, is trying to reassure users they have nothing to fear following its recently reported $ 120 million acquisition by Tron founder Justin Sun. It issued a statement that: “Our attention has been drawn to the news items that have appeared in the past few weeks speculating about a change in BitTorrent’s business model. We wish to reiterate that BitTorrent has no plans to change what we do or charge for the services we provide. We have no plans to enable mining of cryptocurrency now or in the future.”

Binance Backs Accelerator at Malta Stock Exchange

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning NearsThe Malta Stock Exchange has announced it is joining forces with Binance for the launch the MSX Fintech Accelerator Programme. The stock exchange will offer crypto startups access to professional business services and facilities including in-house accounting services and payroll, as well as office space, communication, conference rooms and a training centre. In addition to Binance, the programme has also signed up other companies including Thomson Reuters as mentors.

The Chairman of the Malta Stock Exchange, Mr Joseph Portelli said, “It is clear that Malta is becoming a Fintech and blockchain centre of excellence and we want to allow local and foreign companies the ability to bring their ideas to the market faster. This programme offers foreign entrepreneurs easy access to a ready-made solution at one of Malta’s most prestigious addresses – the Malta Stock Exchange.” A Binance spokesman added, “We moved our operations to Malta precisely because it has demonstrated its progressive approach to supporting and developing the crypto and blockchain industry. Malta is creating a safe and legislated environment for the industry to become reputable, attracting companies like ours and many others. The Malta Stock Exchange reflects these values, providing the infrastructure for entrepreneurs and start-ups to flourish in what is otherwise a highly competitive industry.”

Stablecoin “True USD” Raises $ 20 Million

Trust Token, the creator of the Trueusd (TUSD) stablecoin, has announced it completed a $ 20 million strategic investment round with support from the firms Andreessen Horowitz, Block Tower Capital, Danhua Capital, GGV Capital, and others. The money is meant to support the development of the asset tokenization platform and expansion of its legal, partnership, product, and engineering departments. Since launching in March 2018, Trueusd’s market capitalization has grown to $ 49 million, with the tether alternative reaching an average daily trading volume of $ 22 million on exchanges such as Binance, Bittrex, and Upbit.

Trust Token CEO Danny An said: “The support of these leading investment firms represents a significant step towards our goal to build a compliant tokenization platform for currencies, commodities, and real-world assets. We will draw on the combined expertise and network of these firms as we grow our industry partnerships and extend the reach of our first product, TrueUSD.”

Paris Hilton’s Dad Wants Some Serious Crypto

Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning NearsRichard Hilton, a real estate broker from Beverly Hills, hotel royalty and father of Paris Hilton, is now tapping the bitcoin whale market. He is reportedly offering an 11-bedroom 16th Century mansion in Rome for sale with cryptocurrency. The auction for the property, estimated to be worth over $ 35 million, will begin on June 28. “The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset,” Hilton said.

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 Bitcoin in Brief Wednesday: McAfee Stops Shilling ICOs as Reckoning Nears appeared first on Bitcoin News.

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Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and Digital IDs

June 13, 2018 |

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

The city of Zug, home of the Swiss Crypto Valley, will invite its residents to take part in an experimental blockchain-based vote. They are expected to share opinions on several questions of local importance, including the fireworks display during the annual Lakeside Festival and the use of digital IDs to borrow books and pay parking fees. This and other fintech and crypto-related stories from the Alpine nation and other corners of Europe are featured in today’s edition of Bitcoin in Brief.   

Also read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR

Zug Experiments with Blockchain-Based Vote

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsAuthorities in the Swiss city of Zug plan to ask local residents to participate in a consultative blockchain-based vote this month utilizing the city’s electronic ID system. They will be able to vote via their smartphones by downloading and installing an app. The experimental vote will be held between June 25 and July 1. Citizens will be asked if they are in favor of setting alight fireworks during the annual Lakeside Festival, and whether they think digital IDs should be used to borrow books from the library, pay parking fees, and for identification on regular referendums.

According to Swissinfo, the results of the vote will be non-binding. Nevertheless, the initiative, which aims to test whether blockchain can be used on a broader scale, highlights again the positive attitude of Swiss authorities towards cryptocurrencies and the underlying technology. The canton of Zug, dubbed Switzerland’s Crypto Valley, has become home to many fintech startups and even established crypto companies like the Chinese giant Bitmain, which has opened an office there.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsFor some time now, Zug has been accepting cryptocurrency payments for municipal services, including company registrations using bitcoin and ether. The city introduced its eID system to provide citizens with digital access to council services. The pilot phase of the project started last fall. The system is based on blockchain technology.

New Swiss Body to Simplify Capital Markets

In another example of Switzerland’s serious approach to fintech innovations, leading representatives of the country’s financial, technological, academic and legal sectors have recently formed the new Capital Markets and Technology Association (CMTA) to facilitate the use of blockchain in financial markets. In a press release, they noted that “the blockchain technology has the potential to reduce the complexity of the capital markets system and lower the barrier of entry for startups.”

According to CMTA’s founders, the lack of legal certainty is slowing and can potentially compromise development in the field. They hope to facilitate access to funding for new businesses by defining a set of industry-supported open standards. These should ultimately contribute to value creation throughout the economy said Jacques Iffland, CMTA’s chair and partner at Lenz & Staehelin, the largest Swiss law firm.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

Swissquote Bank Ltd, a leader in online banking, and Temenos, which specializes in banking software, are also behind the initiative. CMTA promises to work to create toolkits that can be used by new or established companies, businesses and startups to access funding and raise capital securely and efficiently, using new technologies and leveraging digitalization. The association is based in Geneva.

Irish Blockchain Startup Delivering Aid to Refugees Raises €1m

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDsAn Irish startup, using blockchain to facilitate the distribution of humanitarian aid, has raised an estimated €1 million from investors, according to industry sources quoted by The Irish Times. The Dublin-based Aid:tech is working in refugee camps, often in hotspots like the Middle East. On Wednesday, Enterprise Ireland and SGInnovate, the venture capital arm of the Singaporean development authority, announced simultaneous investments in the Irish company. This is the first time both state-backed organizations have allocated funds to support a blockchain business, the Irish daily notes. Amsterdam-based Blue Parasol Investments and Tin Fu Fund, a closed private equity fund managed by Shenzhen Capital Group, also took part in the funding round.

Aid:tech aims to increase transparency in the distribution of aid, welfare, remittances, donations, and healthcare services through digitizing their delivery using blockchain technology on its platform. According to the company, only a fraction of the estimated €306 billion (~$ 360 billion) transferred each year by non-governmental aid organizations is currently delivered via transparent systems which, the startup claims, are extremely expensive to administer. The blockchain technology employed by the Irish firm would allow all international aid to be accounted for, including the distribution of medicine, food and other essentials, the publication details.

Government-Backed Platform to Promote Ireland as a Blockchain Hub

In an attempt to highlight Ireland’s capabilities in the blockchain ecosystem, authorities in Dublin have launched a new government-backed platform. Blockchain Ireland, founded in partnership with a young company called Consensys, aims to create conditions for greater cooperation between startups working in the sector, both on national and international level. The platform was launched by the Irish Blockchain Expert Group and backed by Enterprise Ireland, the Irish Department of Finance, leading members of the country’s blockchain industry and representatives from a number of academic institutions.

Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and IDs

The online platform is a source of useful information about the Irish blockchain ecosystem. It will be used to promote the country as a blockchain hub by highlighting the Irish technology sector and business environment which turn Ireland into an ideal location for blockchain-enabled business, Silicon Republic reports. The services it will be offering include providing information on setting up a new company and support for blockchain projects in Ireland. Its activities, however, will stretch beyond Irish borders. Blockchain Ireland will be working to develop the European and international blockchain ecosystem as well.

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


Images courtesy of Shutterstock.


Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Bitcoin in Brief Wednesday: Zug Tests Blockchain to Decide on Fireworks and Digital IDs appeared first on Bitcoin News.

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Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds

June 6, 2018 |

Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds

In today’s Bitcoin in Brief, regulators in Berlin have revealed that at least six German financial institutions are involved in cryptocurrency trading. Also, it has been reported that American universities have started investing in crypto hedge funds. The investments are on a limited scale but nevertheless indicate a growing interest from academic institutions. And, authorities in Belgium warn the public about crypto scams with a “Too good to be true” website.

Also read: Bitcoin in Brief Tuesday: Exchange ETF Action and Wozniak Wants Bitcoin to Rule World

Financial Authorities in Germany Find Six Institutions Trading Cryptos

Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge FundsAt least six financial institutions in Germany trade cryptocurrencies, the country’s Federal Ministry of Finance revealed. The information emerged from an answer to a question filed by Bundestag member Thomas Lutze. The figure is based on findings of the German financial regulator Bafin, which supervises the financial sector and is also expected to monitor crypto trading activities. The banks involved were not named.

There is no case registered with Bafin against financial institutions suspected of any breach of money laundering regulations, due diligence requirements, nor reporting obligations regarding cryptocurrencies, the Bundesfinanzministerium said, quoted by Reuters. Each such institution, which has permission to trade properties, also has the right to set up mechanisms allowing the exchange of bitcoin to euros and vice versa, the ministry noted.

The Finance ministry also said that the issuance of a digital central bank money is currently not an option in the Eurozone, “given the wide range of unresolved issues and significant risks associated with unclear benefits.” According to the report, the Federal government in Berlin does not see crypto-related risks to the stability of the financial markets due to the low market capitalization of cryptocurrencies and the limited interdependence with the financial sector.

Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds

East Coast Universities Invest in Crypto Hedge Funds

Academic institutions in the US have started making small investments into cryptocurrency hedge funds, according to a lawyer working in the industry. These universities are getting involved on a limited basis for strategic reasons, the founder of Capital Fund Law Group, John Lore, told Business Insider. “I can’t say the names because that’s attorney-client but we have people mostly on the East Coast that have begun doing investments in this space on a fairly modest basis,” he added.

Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge FundsThe New York-based law group specializes in providing legal services to the hedge fund industry. According to Lore, at this point investors are putting in very small percentages of their net worth into these new funds. He doesn’t expect institutional investors, such as pension funds, to invest in crypto soon, with one notable exception – university endowment funds, some of which have already begun to invest on a limited scale. “We see academia as a tie between these somewhat young and enthusiastic fund managers and capital raising,” the lawyer said.

Cryptocurrencies and the underlying blockchain technologies have seen a growing interest from universities. Leading academic institutions, such as Cambridge and Oxford, have introduced crypto and blockchain related courses. In December, the Belarusian National Technical University announced a diploma course covering cryptocurrencies, derivatives, and ICOs, as news.Bitcoin.com reported. In April, the Fundacao Getulio Vargas University in Sao Paulo launched “Brazil’s first Master’s degree in cryptofinance.” It has been reported that North Korea’s Pyongyang University is also offering educational courses on cryptocurrencies.

Belgian Regulators Warn About Crypto Scams with New Website

Financial authorities and regulators in Belgium have launched a website dedicated to warning the public about crypto scams and raising awareness about the associated risks. The move comes in response to substantial increase in interest towards investing in cryptocurrencies and related products. The site, temooiomwaartezijn.be (“Too good to be true”), can also be used to report suspicious offers and projects in the crypto space.

Belgians can find there useful tips on how to avoid fraudulent schemes. The site advises investors to make sure they know who they are dealing with, check if a project is registered as a scam and never share sensitive personal data. Regulators say people should always request clear and understandable information, take their time to critically evaluate an offer before accepting it and be wary of promises of excessive profits. “If the return seems too good to be true, it usually is. Profit is never guaranteed,” they warn.

Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds

Scam-related losses of almost €2.2 million have been reported to financial authorities in the country, with at least 118 victims having contacted Belgium’s Financial Services and Markets Authority (FSMA). Belgian regulators claim only 4% of the cases are reported. According to their estimates, the total financial loss from fraud related to cryptocurrencies amounts to around 130 million euros annually. In March, the financial watchdog published a list of 19 cryptocurrency trading platforms showing signs of fraud. Last month, the FSMA expanded its blacklist including more businesses reported by customers.

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


Images courtesy of Shutterstock.


Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Bitcoin in Brief Wednesday: German Banks Trade Cryptos, US Universities Invest in Crypto Hedge Funds appeared first on Bitcoin News.

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Bitcoin in Brief Wednesday: McAfee Predicts Bull Run as Crypto Markets Dip

May 23, 2018 |

Bitcoin in Brief Wednesday: McAfee Predicts Bull Run Lead by Institutional Investors as Crypto Markets Dip

In today’s Bitcoin in Brief, internet security expert John McAfee expects bulls to come back to the crypto market, despite recent drops in prices across the board. Billions will be pumped by institutional investors, he predicted in a tweet. Meanwhile, a new study has shown that the mood of investors, rather than economic indicators, actually determines the value of cryptocurrencies. Also, do you want to know when Paypal will support crypto payments?

Also read: Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics

Institutional Investors to Pump Billions in Crypto

John McAfee expects a bull run on cryptocurrency markets in the near future. Billions will be pumped by institutional investors, the internet security expert predicted in a post on the microblogging platform Twitter this week. McAfee claims this will lead to significant changes in the market capitalizations of the leading cryptocurrencies, but also those of most altcoins.

Bitcoin in Brief Wednesday: McAfee Predicts Bull Run Lead by Institutional Investors as Crypto Markets Dip“Institutional investors are preparing to enter the cryptocurrency market with a vengeance,” McAfee said in his tweet. He explained that they are generally long term investors that will spend billions on the market. “Expect the top ten coins to go through the roof fairly quickly. The bulk of altcoins will soon follow,” the software guru wrote. Admitting he had no more information than his followers, John McAfee advised them to check the recent news and use their heads.

McAfee was probably referring to several recent announcements indicating possible developments in that direction. Earlier this month, reports suggested that Goldman Sachs is going to launch a bitcoin trading operation to buy and sell bitcoin futures on behalf of institutional clients. More recently, US crypto exchange Coinbase announced new services meant to attract big money players such as crypto hedge funds. The plans include the launch of a crypto custodian service and a suite of tools specifically designed for institutions called Coinbase Prime. The San Francisco-based company has also discussed with regulators the possibility to apply for a banking license.

However, McAfee’s optimistic prognosis coincides with the return of the bears to the cryptocurrency market. The price of bitcoin (BTC) has just dropped below the $ 8,000 mark, hitting a month’s low. Bitcoin Cash (BCH) is currently trading at over $ 1,000 (at the time of writing). John McAfee has previously predicted that the price of bitcoin will reach $ 1 million USD by the end of 2020.

Study: Investors’ Mood Determines the Value of Cryptocurrencies

According to a new study published by Warwick Business School, the value of cryptocurrencies is determined primarily by the mood of investors and not so much by economic factors or indicators. Assistant professor of finance Daniele Bianchi has found that the price patterns of the 14 largest cryptocurrencies reflect past returns of investors, combined with the hype and emotion experienced as they watch the value climb or fall. The research is titled “Cryptocurrencies as an Asset Class: An Empirical Assessment,” the Independent reports.

Bitcoin in Brief Wednesday: McAfee Predicts Bull Run Lead by Institutional Investors as Crypto Markets Dip

According to the author, this behavior can be attributed to the fact that bitcoin and other cryptocurrencies fall outside the remit of governments or financial institutions. Investing in digital currencies is therefore more similar to buying equity in a high-tech firm rather than a normal currency, he notes. Bianchi also points out that the study shows limited similarities between bitcoin and gold. At the same time, because of the high volatility of the prices of the biggest cryptocurrencies, they can hardly be seen as a reliable savings instrument.

CFO: If Bitcoin Gets ‘Better’, Paypal Will Support It

Bitcoin in Brief Wednesday: McAfee Predicts Bull Run Lead by Institutional Investors as Crypto Markets DipJohn Rainey, the Chief Financial Officer of Paypal, has stated in a recent interview that the payment platform will proceed with a bit more caution towards cryptocurrencies. At the same time, he admitted that if cryptocurrency stabilizes in the future and becomes “better currency”, his company will “certainly support that”. Rainey added that the volatile crypto swings threaten the viability of the businesses Paypal is working with.

“If you’re a merchant and you have, let’s say, a 10 percent margin on a product that you sell and you accept bitcoin, for example, and the very next day it moves 15 percent, you’re now underwater on that transaction,” Paypal CFO told CNBC. “You could have something that appeals to consumers, but if merchants don’t accept it, it’s of little value. Right now, we don’t see a lot of interest from our merchants. But if it’s something that stabilizes in the future and is a better currency, then we’ll certainly support that,” Rainey elaborated.

Despite Paypal’s current position on cryptocurrencies, a recent patent filing revealed that the payment provider might be considering expanding its exposure to the crypto ecosystem. Reports came out in March this year that Paypal has filed a new patent application with the US Patent and Trademark Office for an “expedited virtual currency transaction system”. Back in 2016, it was reported that the company had applied for another crypto-related patent – one that envisages the development of a payment module accepting bitcoin, litecoin and dogecoin.

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


Images courtesy of Shutterstock.


Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Bitcoin in Brief Wednesday: McAfee Predicts Bull Run as Crypto Markets Dip appeared first on Bitcoin News.

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Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates Komainu

May 16, 2018 |

Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates Komainu

The rush of big money into the cryptocurrency market is continuing at full pace and reshaping the global investment landscape. Two recent examples are Coinbase’s new institutional focus and Nomura’s new venture. These stories, and much more, are in today’s edition of Bitcoin in Brief.

Also Read: NY Regulator Approves Bitcoin Cash, Zcash and Litecoin Trading

Coinbase Goes After Big Money

Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates KomainuCoinbase, the San Francisco-based cryptocurrency exchange recently valued at $ 8 billion, has announced a new suite of services meant to attract more big money players such as the many new crypto hedge funds that pop up all the time. It will launch a cryptocurrency custodian in partnership with an SEC-regulated broker-dealer to a group of initial clients that include 1confirmation, Autonomous Partners, Boost VC, Meta Stable, Multicoin Capital, Polychain Capital, Scalar Capital and Walden Bridge Capital.

New offerings also include Coinbase Prime, a suite of tools specifically designed for institutions, and an institutional coverage group headquartered in New York City to provide a higher level of service to these type of clients. “There is clear demand from institutional clients and financial services professionals for more specific solutions with regard to cryptocurrencies that address their sophisticated needs,” said Adam White, Vice President and General Manager of Coinbase Institutional.

The company will also be opening a new engineering office in Chicago to continue developing Coinbase Markets, which provides a centralized pool of liquidity for all its products. Over the course of the year it is promised to introduce new features like low latency performance, on-premise data-center co-location services, institutional connectivity and access, and settlement and clearing services. “As a global leader in financial technology, Chicago welcomes innovative companies investing in our city and creating jobs for Chicago residents,” said Mayor Rahm Emanuel. “There is no better city than Chicago for companies that want to put down roots and grow their businesses.”

Komainu to Protect Mutual Funds

Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates KomainuKomainu is a new venture established to help overcome barriers for institutional investment in crypto-assets with a custody solution and offering new services, standards and best practices. Its founders include Tokyo-headquartered global investment bank Nomura (NYSE: NMR), hardware wallet developer Ledger, and Global Advisors, parent company of Coinshares.

Jez Mohideen, Global Chief Digital Officer at Nomura, said: “Global investment managers have long been held back from full participation in digital asset markets, limited by operational and regulatory risk. Our new partnership will set the required standards that will bring peace of mind to digital asset investors, and provide tools and products to enable better integration with more traditional investment vehicles such as mutual funds.” Jean-Marie Mognetti, Co-Principal of Global Advisors, added: “After 6 years of research, and collaboration with our administration partner and its regulator, we now have demonstrable progress. This partnership is a progressive stepping stone towards the creation of the necessary prerequisites for further growth within the digital asset ecosystem. This will open new and exciting opportunities to global participants and contribute to move digital asset closer to mainstream offerings.”

Ledgerx Savings Accounts

Ledgerx, the CFTC-regulated cryptocurrency management platform, has launched a new savings account-like product. Ledger Savings uses an underlying call overwrite strategy but offers a simple interface so that users won’t need to know anything about investing in derivatives. It targets a 16% per annum yield with a potential 2x exit at maturity in the event BTC doubles from current spot prices. For launch, the savings product will be offered for 3 month, 6 month, and 12 month maturities, at varied rates. After selecting the product for the desired maturity, the USD amount is available immediately to withdraw but the associated BTC is locked for the duration of the savings product.

Rat Poison Squared Fashion

Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates KomainuIf there is one thing that’s true for the cryptoverse, is that it is full of fast moving entrepreneurs. Warren Buffett only bashed bitcoin as “rat poison squared” less than two weeks ago, and someone has already found a way to make money from the now infamous glib. Ecoinmerce, a tokenized e-commerce marketplace, has announced the Rat Poison Squared clothing line, to include t-shirts, hats, coffee mugs, and keyrings.

“We don’t know exactly what ‘rat poison squared’ is supposed to mean,” said Ecoinmerce COO Rex Chen. “What we do know is that Bitcoin created a very productive ecosystem and spawned the entire cryptocurrency revolution, which is driving innovation in nearly every industry. This clothing line is intended to give Bitcoin and cryptocurrency enthusiasts pride in their defiance of the status quo and their belief in a better future.”

Telegram’s Gram Lawsuit

With a seemingly endless torrent of new ICO tokens flooding the market, short and pithy names for these crypto-assets are running out fast. This can lead to people registering coin names just to try and flip them for profit later and to companies to wage battles over who gets to control a certain ticker, as happens with website domain names. The latest example for this is Telegram, which is now reportedly suing a Florida-based venture over the rights to ‘gram’.

Did Jennifer Aniston Convinced You to Invest in Crypto?

Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates KomainuThe Texas Securities Commissioner has issued an Emergency Cease and Desist Order on May 15 to stop Wind Wide Coin Inc., from fraudulently offering investments in a cryptocurrency trading program. The order alleges that Wind Wide Coin and three sales agents in Houston are offering for sale investments in a cryptocurrency trading program that uses an “automatic trading bot.” The company is promising investors the combination of “no risk” and extraordinarily high returns. The purchase of 0.1 of BTC, for example, will yield 1 BTC 24 hours later, a one-day return of 900%.

Further according to the order, Wind Wide Coin is also misleading potential investors by claiming it is a “licensed company” and “legally registered.” And to lure gullible suckers the company’s website has featured endorsements from supposed past investors. To weed out anyone with some common sense, the website used images of celebrities like Jennifer Anniston – which it mistakenly identified as “Kate Jennifer,” an investor. Similarly, a photo of Prince Charles was identified as “Mark Robert,” an investor who provided a testimonial. The same testimonial was then attributed verbatim to a “Johnson Smith,” supposedly another UK investor.

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


Images courtesy of Shutterstock, Ecoinmerce.


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Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

May 2, 2018 |

Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

With all the talk about buying lambos, and some people making serious money, it’s no surprise that the cryptocurrency world attracts hackers looking for rich targets. Today’s edition of Bitcoin in Brief showcases two typical cases and one atypical response.

Also Read: Japanese Forex Giant GMO to Launch New UK Crypto Trading App

Ransomware Hacker Trolled

Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets HackedAaron Lammer, a cryptocurrency podcaster, got his website hijacked by a hacker demanding ransom. But instead of paying the requested 0.025 bitcoin or calling the police, he decided to have some fun with the criminal.

The hacker left a ‘contact us’ option, which is not as unusual as it might sound because often such schemers need to help victims with the process. The link directed Lammer to the facebook profile of one Barberousse Mohammed, and so he began trolling him. After Mohammed refused to accept a million pre-sale ICO tokens instead of bitcoin, Lammer tried to lure his hacker into the whole BTC vs. BCH debate by appearing to educate him about the advantages of bitcoin cash. See the entire amusing chat transcript here.

And don’t worry, eventually the website was restored by the hosting service. They said the hacker used a WordPress exploit on a different domain housed under the same user to gain control.

Vertcoin Twitter Hacked

Fake cryptocurrency giveaway scams continue to plague Twitter, with the latest example coming from Vertcoin. Usually the scammers create a new account that looks as close as possible to the real one and reply to all tweets with promises to send back large amounts to anyone that sends them ether. This time they actually took over the official Vertcoin account to promote the scam. Luckily, it appears that only three people actually fell for it and sent BTC to the address before the tweet was taken down.

Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

Coinmarketcap Adds New Features

Coinmarketcap marked its five year anniversary on May 1 by unveiling a new logo and site design, and releasing an iOS mobile app. The site also added some new features and updated its API. Users can finally now add selected cryptocurrencies to a watchlist for quick and easy future reference.

Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked

What other developments in the cryptoshpere caught your attention today? Share your thoughts in the comments section below.


Images courtesy of Shutterstock, Coinmarketcap.


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The post Bitcoin in Brief Wednesday: Hacker Gets Trolled, Vertcoin Gets Hacked appeared first on Bitcoin News.

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