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| March 23, 2019

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Southwest Airlines is losing millions weekly in labor fight, CEO says

March 6, 2019 |

Southwest Airlines’ chief executive said a surge in planes grounded by mechanics’ concerns is costing the carrier millions of dollars each week by causing more delayed and canceled flights.

Gary Kelly didn’t give a precise figure Tuesday, but said the financial damage prompted the airline’s lawsuit…


L.A. Times – Business

Stocks climb, putting S&P 500 on track for its fourth straight weekly gain

February 22, 2019 |

Technology and healthcare companies led U.S. stocks higher Friday, erasing some of the market’s losses from the prior day and placing the benchmark Standard & Poor’s 500 on track for its fourth weekly gain in a row.

The broad rally came as investors weighed a mixed batch of corporate earnings reports.


L.A. Times – Business

Dow Stages Late Rally to Keep Weekly Win Streak Alive

February 11, 2019 |

The Dow Jones Industrial Average pared its losses heading into the closing bell to notch its seventh consecutive weekly gain, a sign of the stock market’s resilience even in the face of heightened uncertainty.
WSJ.com: What’s News Asia

Gainers and Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers

February 9, 2019 |

Gainers & Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers

The bullish surge across the cryptocurrency markets has ranked several high profile projects among the top gainers and losers – a distinction predominantly reserved for crypto assets with meager market caps. As of this writing, litecoin (LTC) is the 17th-top gaining cryptocurrency of the last 24 hours after gaining 26%, while the heavily hyped bittorrent token (BTT) sits among the top losers of the last 24 hours despite ranking as a top gaining market of the last seven days.

Also Read: Markets Update: Cryptocurrencies Gain Billions in Less Than an Hour

LTC Ranks Fourth by Market Cap Following 26% Rally in 24 Hours

Litecoin is the top market by both market cap and 24-hour volume to currently rank among the top gainers and losers. LTC rallied by 26% in the last 24 hours, pushing litecoin up two positions to rank as the fourth largest cryptocurrency by capitalization with $ 2.56 billion, and boosting LTC’s dominance from 1.80% to 2.10%.

Gainers and Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers

As of this writing, $ 1.65 billion worth of litecoin has changed hands in the last 24 hours, with LTC currently trading for nearly $ 42.50.

Bittorrent Token Among Top Weekly Gainers and Daily Losers

The heavily hyped bittorrent token is currently making an unusual appearance in the top gainers and losers list, ranking among the weakest performing markets of the 24 hours while simultaneously appearing as a top 10 gainer on the weekly chart.

BTT currently boasts the largest seven-day volume of the top gaining markets of the week with a weekly price gain of approximately 83.50%.

Gainers and Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers

Despite the strong weekly performance, the surge across the cryptocurrency markets has seen BTT fall from the top daily gainers to comprise the 19th-weakest performing crypto asset of the last 24 hours, with BTT currently trading for 7.84% less than it was 24 hours ago.

Gainers and Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers

BTT currently has the largest daily volume of the top losers, with $ 150.70 million worth of BTT changing hands in the last 24 hours. As of this writing, BTT is trading for 24 satoshis.

Grin Ranks Among Top Weekly Losers

The highly anticipated Mimblewimble-based privacy coin Grin currently ranks as the eighth-weakest performing market of the preceding week, having shed 37% of its fiat value over the last seven days.

Gainers and Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers

Grin currently has the strongest 24-hour volume of the week’s poorest performing cryptocurrency markets, with nearly $ 4.39 million worth of Grin being traded in the last day. Grin is currently trading for approximately $ 4.05.

What market are you most surprised to see ranked among today’s gainers and losers? Share your thoughts in the comments section below!

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”


Images courtesy of Shutterstock, Coinmarketcap


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 Gainers and Losers: BTT Falls From Daily Gainers, Grin Sits Among Weekly Losers appeared first on Bitcoin News.

Bitcoin News

One LA Weekly owner sues the rest, alleging they’ve pillaged the company

August 28, 2018 |

Nine months after a mysterious new company bought LA Weekly, one of the company’s owners is suing the rest, alleging they have mismanaged the alternative weekly, pillaged it for their own gain and improperly kicked him out of the management team.

In addition to damages and other compensation, David…


L.A. Times – Business

The Weekly: McAfee’s Doomed Wallet, Altcoin Panic, Binance Launches Fiat-to-Crypto

August 19, 2018 |

The Weekly: McAfee’s Doomed Wallet, Altcoin Panic, Binance Launches Fiat-to-Crypto

In this week’s daily editions of Bitcoin in Brief we reported on McAfee’s “Doomed” wallet, a panic in the altcoin markets, Binance’s new fiat-to-crypto platform in Liechtenstein and much more. The most commented-on article during the week covered a situation in the UK, where banks are targeting cryptocurrency owners – having their assets frozen and accounts locked without warning.

Also Read: Pantera Capital Raises Over $ 70 Million for Its Third Crypto Fund

Paxful to Build Second School in Rwanda

A cheerful story published on Monday was about Paxful, which launched the #BuiltWithBitcoin program in 2017 by donating $ 50,000 for the construction of a nursery school in Rwanda, starting to sponsor the construction of a second school in the African country. Planned for students aged 6-15 in the Nyamata Sector of Rwanda’s Bugesera District, the company jump-started the project with a $ 20,000 donation. Total construction is estimated to cost $ 100,000, with the balance to be collected through an online crowdfunding campaign. Donations can be made via BTC, BCH, ETH, LTC and Dash. And Paxful vowed to match all community donations until the $ 100,000 goal is met.

Altcoin Panic

The Weekly: McAfee’s Doomed Wallet, Altcoin Panic, Binance Launches Fiat-to-CryptoThe altcoin markets bleeding red was the big story on Tuesday. Sentiment in crypto community forums all around the web turned very dark as panic set in. With cryptocurrencies such as Iota, BNB, and Vechain nursing 20% losses in a single day – 25% in the case of the latter – the market was looking very ugly indeed. The total value of the cryptocurrency market has dropped to $ 194 billion at the time of publication, with BTC dominance reaching 53.5%. Just three cryptocurrencies in the top 100 were showing signs of green at the time, and predictably they were all stablecoins.

Stoners Drop Crypto From IPO

On Wednesday we reported that popular cannabis magazine High Times won’t accept cryptocurrencies for its IPO after all. According to a filing with the SEC, the company’s previous statement about it was a mistake. The announcement was “distributed in error as the Company will not be accepting bitcoin as payment for shares” High Times claimed. While it would have been fair to assume another company might have gotten cold feet due to the current bear market, or that it was somehow intimidated by the regulators behind the scenes, in this case it is indeed possible that whoever wrote that original announcement was just stoned out of their mind at the time.

McAfee’s “Unhackable” Wallet Is Doomed

The Weekly: McAfee’s Doomed Wallet, Altcoin Panic, Binance Launches Fiat-to-CryptoOn Thursday it was reported that security researchers claimed they successfully sent signed transactions with John McAfee’s “unhackable” Bitfi wallet. And someone had even been able to demonstrate root control of the device by installing the classic video game Doom on it. McAfee reacted by twitting: “A video played on your Bitfi wallet has nothing to do with the safety of your funds. This is amateur hour, not a hack! Any device with a computer and screen can be used to play games. I should start watching my YouTube videos on Bitfi wallet.” He later added: “Laughing so hard I can barely catch my breath. “Hackers” play Doom, play videos, root the device, play music on the BitFi wallet. We dont charge extra for those facilities. No-one has taken the coins from our pre-loaded wallet. No one will. Isn’t this what matters?”

Binance Launches Fiat-to-Crypto in Liechtenstein

On Friday we reported that Binance is launching a fiat-to-crypto trading platform in Liechtenstein. Using a joint venture with LCX, they plans to build up a team of up to 15 professionals for the Liechtenstein office that will manage customer support, legal requirements, due diligence, KYC, AML and government communication, while the team at Binance will provide and maintain the platform. The new exchange will offer trading for Swiss francs (CHF) and Euros (EUR) against major cryptocurrencies and promised to add more trading pairs in the future. Adrian Hasler, Prime Minister of Liechtenstein, welcomed the joint venture and said: “We are confident that Liechtenstein’s existing and future legal framework and practice provide a robust foundation for the Binance LCX and other blockchain companies to provide exceptional services here in Liechtenstein.”

Buy Hairspray with Bitcoin

The Weekly: McAfee’s Doomed Wallet, Altcoin Panic, Binance Launches Fiat-to-CryptoAn interesting story we covered on Saturday: you can now buy fancy hairspray with bitcoin. R+Co, the beauty collective founded by stylists Howard McLaren, Thom Priano, and Garren, has begun incorporating BTC and BCH payments into its business model, women’s style magazine The Cut revealed. R+Co’s president Dan Langer said: “Blockchain technology is going to be one of the future disruptors in the beauty industry. It will allow consumers the ability to leverage their data and purchase behavior in all kinds of new shopping ways… from reviews to rewards to product benefits. In order to stay at the forefront of this emerging thinking we wanted to integrate components of it while still in its early stages – like paying with Bitcoin – and learn with it as it evolves.”

UK Banks Target Cryptocurrency Owners

The most commented-on article during the week covered the situation in the UK, where banks have been targeting cryptocurrency owners. People who cashed out large amounts of cryptocurrency – legitimately – have had their assets frozen and accounts locked without warning, fueled by fears of money laundering and a general distrust of bitcoin. One person even claims to have had their house raided and computer equipment seized in a follow-up operation by police. 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’s Pulse, another original and free service from Bitcoin.com.

The post The Weekly: McAfee’s Doomed Wallet, Altcoin Panic, Binance Launches Fiat-to-Crypto appeared first on Bitcoin News.

Bitcoin News

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall

August 12, 2018 |

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall

In this week’s daily editions of Bitcoin in Brief we reported about Coinbase increasing trading limits, Shapeshift acquiring Bitfract, Okex launching a white label platform called Coinall, and much more. The most commented-on article during the week covered the ‘Rich Dad, Poor Dad’ author, Robert Kiyosaki, which came out in favor of cryptocurrencies.

Also Read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users

New Education Centers

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches CoinallA number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency were featured on Monday. China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a financial advisory services provider, has reached an agreement with Tsinghua University to establish an “Industry Trusted Blockchain Application Technology Joint Research Center”. The Istanbul Blockchain and Innovation Center was inaugurated at Bahçeşehir University. And Seven Stars Cloud Group, Inc. (NASDAQ: SSC), the fintech firm of Chinese media tycoon Bruno Wu, has announced that it will be establishing its global headquarters for technology and innovation, called Chain Valley, in Connecticut, transforming a Uconn campus into a center for research.

Robinhood Crypto Expands Service

On Tuesday, we reported that Robinhood, the US stocks app, has added another two states where cryptocurrency trading is now supported for its clients, Iowa and Georgia. The app also now supports Ethereum Classic (ETC), in addition to its previous offering of BTC, BCH, ETH, LTC and Doge. In total, Robinhood Crypto is now available in 19 US states. Additional stories included a Chinese user of Okcoin who is suing the exchange over his missing bitcoin cash following last year’s fork and a cybersecurity research that found trading venues experienced a massive surge of user data leaks.

Coinbase Increases Trading Limits

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches CoinallThe main story on Wednesday covered a few new developments at Coinbase. Users are now able to buy digital coins right after they deposit funds from their bank account, cutting down a process that took days of waiting before. The company also announced an increase of the daily trading limits for US users, and for verified customers, the maximum allowable purchase will jump from $ 25,000 weekly to $ 25,000 per day. The exchange also noted that once the funds are transferred, there are no longer any limits to how much users can buy or sell at a time. The exchange also informed its clients of the completion of its final testing for the addition of ethereum classic (ETC).

Shapeshift Acquires Bitfract

A couple of investments by established crypto companies made headlines on Thursday. Shapeshift completed the acquisition of Bitfract, a software firm which recently developed a service that allows users to swap from one cryptocurrency to many in an instant. Following the sale, the tool will be maintained and continue to operate, and the functionality that the platform provides (multiple output transactions) will be incorporated into Shapeshift’s core platform. Bitmain made a $ 3 million seed investment in Tribeos – a digital advertising platform built on Bitcoin Cash (BCH), utilizing smart contracts to fight ad fraud.

Okex Launches White Label Platform

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches CoinallOn Friday, we reported that Okex launched a new platform called Coinall, a white label solution which is part of its Open Partnership program that started a couple of months ago. Participants in the Open Partnership program will now be able to take advantage of a variety of services offered by the exchange, including its clearing system, cold and hot storage, applicable anti-money laundering (AML) and know your customer (KYC) procedures. Developers also claim that it is an autonomous, community-run crypto-trading platform.

Crypto Expected at 5% of US Investments

A study that found that digital coins are becoming a permanent part of many investment portfolios was featured on Saturday. The Harris Poll survey, conducted on behalf of the American Institute of CPAs (AICPA), has established that cryptocurrencies will represent 5 percent of the investments of those 35 percent of Americans that consider themselves investors or plan to invest in 2019. At the same time, the study found that “cryptocurrency appears to be foreign to many investors. According to the survey, nearly half of U.S. adults (48 percent) are not familiar with Bitcoin, Ethereum, or Litecoin.”

Rich Crypto Dad, Poor Fiat Dad

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches CoinallThe most commented-on article during the week covered the author of the best-selling book ‘Rich Dad, Poor Dad’, Robert Kiyosaki, which has spoken in favor of cryptocurrencies during a recent podcast. Mr. Kiyosaki described the fiat US Dollar as a government “scam” and predicted that precious metals and cryptocurrencies will outlast fiat currencies as the people’s money. 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.

The post The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall appeared first on Bitcoin News.

Bitcoin News

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets Richer

August 5, 2018 |

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets Richer

In this week’s daily editions of Bitcoin in Brief we reported about China hiring a cryptographer, McDonald’s unveiling Maccoin, Bitmain getting richer and much more. The most commented-on article during the week covered Paul Krugman’s new attack on the idea of cryptocurrency on the pages of The New York Times.

Also Read: $ 37 Million of Bitcoin Revenue Helps Square Accelerate Growth in Q2

Vitalik Wants More Crypto Cards

On Monday, we reported that the founder of Ethereum, Vitalik Buterin, seems to think that there is too much effort to bring cryptocurrencies to Wall Street rather than Main Street. The crypto influencer twitted: “I think there’s too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $ 5 to $ 100 in cryptocurrency via cards at corner stores. The former is better for pumping price, but the latter is much better for actual adoption.”

Bitmain Gets Richer

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets RicherThe big news on Tuesday was that  Bitmain has added another $ 2 billion to its valuation, making the Chinese mining behemoth worth a whopping $ 14 billion ahead of its IPO. Bitmain reportedly pulled in a profit of $ 1.1 billion in Q1 of 2018 alone. To place that in context, the total value of all BTC mined in the same period was around $ 1.3 billion. It seems there really is more money in selling shovels than in chasing digital gold. There’s no official date for Bitmain’s IPO yet, other than that it’s coming “very soon”.

McDonald’s Unveils Maccoin

An interesting story we covered on Wednesday is that to celebrate the 50th anniversary of the Big Mac, McDonald’s has announced the Maccoin, a “limited edition global currency” backed by the Big Mac. Starting at lunch time on August 2, customers can receive a Maccoin with the purchase of a Big Mac at 14,000 participating restaurants across the US. For the rest of the year customers can redeem their Maccoin for a free Big Mac at participating McDonald’s restaurants in the US and in more than 50 participating countries. The company said that more than 6.2 million Maccoins will be distributed globally in over 50 countries while supplies last.

Poloniex Under Investigation

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets RicherOn Thursday, it was reported that the Delaware-based cryptocurrency exchange, Poloniex, has been placed under investigation by the US Department of Justice (DoJ). The move follows a number of complaints from users who had been denied access to their account profiles. The Chief Special Investigator of the Investors Protection Unit (IPU) at the DoJ has reportedly sent out an email to a number of selected active Poloniex users on July 25, asking them to revert back if they had encountered any difficulties when using their Poloniex accounts.

China Hires Cryptographer

On Friday, we reported that the government of China is looking to hire a cryptographic specialist for one of its censorship agencies. The job posting published by the Chinese Public Broadcasting Research Institute under the State Administration of Radio and Television states that the applicants should be competent in cryptography and ready to “follow the advanced technologies in the field of blockchain and cryptocurrency.” According to the ad, the best candidate for this particular position should be a tech specialist with knowledge and skills in cryptographic algorithms and optimization. The job includes monitoring and developing tools to analyze the threats stemming from different cryptographic applications.

Governor of Jeju Gets a Bitcoin.com Wallet

The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets RicherOn Saturday, we reported that Won Hee-ryong, the governor of Jeju in South Korea, has presented some ambitious plans for his province and they involve cryptocurrency adoption with the help of Bitcoin.com and Bitcoin Cash (BCH). He wants to turn Jeju Island into Korea’s Crypto Valley and has already made proposals for that to the country’s National Assembly. Won met with Bitcoin.com CEO Roger Ver who promised to contribute to the realization of the project and support the efforts of the governor. Mr. Ver showed Mr. Won how to download and install the Bitcoin.com wallet on his smartphone.

Paul Krugman is Wrong Again

The most commented-on article during the week covered the famed economist who’s made a career out of being wrong about things, Paul Krugman. The professor attacked the idea of cryptocurrency again on the pages of The New York Times. He wrote, among other things, that: “If speculators were to have a collective moment of doubt, suddenly fearing that Bitcoins were worthless, well, Bitcoins would become worthless.” 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, Blockinpress.


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The post The Weekly: China Hires Cryptographer, McDonald’s Unveils Maccoin, Bitmain Gets Richer appeared first on Bitcoin News.

Bitcoin News

The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional Investors

July 29, 2018 |

The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional Investors

In this week’s daily editions of Bitcoin in Brief, we reported about Twitter blocking ETH scambots mimicking Elon Musk, a US presidential candidate who accepts crypto donations, the expected arrival of a ‘herd of institutional investors’ and much more. The most commented-on article during the week covered the latest development of the ongoing legal battle in the Ross Ulbricht case.

Also Read: The Iranian Government Is Preparing to Launch Its Own Cryptocurrency

TCAP Explores Market

The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional InvestorsOn Monday, we reported on another indication that mega banks are looking to enter the crypto dealing market. TP Icap plc (LSE:TCAP), one of the largest connectors between banks’ traders in the financial, energy and commodities markets, has set up a ‘working group’ to explore how it should approach cryptocurrencies. The crypto working group includes some of TP Icap’s most senior executives. Additional stories included: Hashflare stoping its SHA-256 cloud mining contracts, encrypted email service Tutanota integrating cryptocurrency support and Huobi launching a new service for companies that wish to offer a white label exchange of their own.

A ‘Herd of Institutional Investors’

The main story on Tuesday was that Michael Novogratz expects more financial institutions to be coming into the crypto space soon. A “herd of institutional investors” is headed towards cryptocurrencies, the prominent hedge fund manager said in a speech at Blockchain Week Korea. Other headlines included an upcoming crypto-custody service meant to answer increasing demand from high-net-worth and institutional clients in Hong Kong, and a study which reveals that about 30% of Brazilians are interested to invest funds in cryptocurrencies in the near future.

Crypto Crime Blotter

The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional InvestorsIn Bitcoin in Brief on Wednesday, we covered a number of stories related to crime from around the cryptosphere. These included an exchange operator that plead guilty to securities fraud for trying to hide that hackers stole approximately 6,000 bitcoins from his venue, a scammer that was fined over $ 1.9 million for bitcoin and binary options fraud, London City police academy adding a cryptocurrency course for teaching cops on anti-money laundering related purposes, and a new type of bitcoin-demanding ransomware attack against porn viewers in Israel.

Skrill Launches Crypto Trading

On Thursday, we reported that Skrill, the online payments service formerly known as Moneybookers, has enabled its wallet users to instantly buy and sell cryptocurrencies, including BTC, BCH, ETH and LTC, using more than 40 supported fiat options. The new service is available in over 30 countries and the company plans to roll it out to additional markets and extend the service to its mobile app and Paysafe’s Neteller digital wallet in the next few months. In other news: The White Company, a concierge and luxury marketplace, surpassed $ 100 million in cryptocurrency sales and transactions; Bitmex, an exchange offering cryptocurrency trading with very high leverage, reported more than 1 million BTC traded on the platform in the 24-hours period closing July 24; and AMD suffered a decline in GPU mining related sales in Q2, 2018.

Musk Bots Blocked

The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional InvestorsThe big news on Friday was that Twitter is now finally automatically locking any unverified account that changes its display name to Elon Musk, the CEO of Tesla and Spacex. This only came after Musk recently pointed out the impressive skills of the scammers who are designing bots to mimic high profile people like himself and flood the social network with fake ETH giveaways. In other news, an “anonymized” currency that can fluctuate wildly does not deserve to be considered as a medium of exchange, according to Mastercard President and CEO, Ajay Banga, who called cryptocurrency “junk.”

US Crypto Candidate

On Saturday, we reported that Democrat Andrew Yang’s campaign has begun accepting crypto donation for the 2020 US presidential election. The announcement released by his team to “our crypto donors” reads: “We currently accept Bitcoin and anything on the ERC20 standard.” It also comes with instructions on how to donate cryptocurrency and notes that the maximum for individual donations is set at the fiat equivalent of $ 2,500. We also reported that Kickico experienced a security breach, with 70,000,000 KICK stolen – equal to $ 7.7 million. According to an announcement from the company, Kickico restored full control over the its smart contract and will return all stolen Kickcoins to their holders.

No Murder-for-Hire Indictment in Silk Road Case

The most commented-on article during the week covered the latest development of the ongoing legal battle in the Ross Ulbricht case. The Maryland district US Attorney filed a motion to dismiss a 2013 three-count indictment against the online marketplace Silk Road operator which included murder-for-hire allegations. Join the discussion.

The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional Investors

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.

The post The Weekly: Musk Bots Blocked, US Crypto Candidate, a Herd of Institutional Investors appeared first on Bitcoin News.

Bitcoin News

The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics

July 22, 2018 |

The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics

In this week’s daily editions of Bitcoin in Brief, we showcased stories about politicians trying to enforce their will on the cryptocurrency ecosystem around the world, thus pushing companies that are big enough to join the money-in-politics game.

Also Read: Malta Stock Exchange to Develop Two New Platforms for Security Tokens

Bitmain Expands R&D in Israel

On Monday, we reported that Bitmain Technologies Ltd., the Beijing-headquartered bitcoin mining hardware (ASIC chips) producer, plans to expand its research and development center in Israel and expects to triple its workforce in the country. Bitmain explained that it would recruit more than 40 researchers, programmers, engineers and marketing personnel to its development center in Ra’anana, to be added to the 15 employees there today. And in exchange-related news, we reported that Poloniex launched an official mobile app and Cobinhood added USD fiat trading.

Blackrock Probes Market

The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into PoliticsBlackrock, the world’s largest asset manager with over $ 6 trillion in assets under management, made headlines on Tuesday by probing the crypto market. Reports have popped up the day before that the company has created a ‘working group’ to explore how it can take advantage of the hot new alternative investment instruments. CEO denied that Blackrock is setting up any crypto trading capabilities or received demand for it from its clients. However, he did confirm that the company is studying the performance of cryptocurrencies to be prepared for the eventuality in the future. In other interesting news, Bitpay was granted a New York Bitlicense and Coinbase claimed to get an approval from SEC and FINRA for its securities license acquisition – a claim it later walked back from.

Jersey Introduces Requirements for ICO Projects

On Wednesday, we reported that the Financial regulator of Jersey, the UK self-governing dependency, has introduced requirements for Initial Coin Offerings (ICOs). A new ‘guidance note’ document listed a number of requirements that apply to ICO issuers and described certain procedures and processes that should be followed in order to mitigate and manage the risks for retail investors. Projects are expected to apply anti-money laundering and counter-terrorism financing measures as well as inform investors about the risks.

Anti-Crypto Politician Backed by Payments Firm

The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into PoliticsOn Thursday, we reported about US Representative Brad Sherman (Democrat-California) who blasted cryptocurrencies at a House Financial Services Committee hearing entitled “The Future of Money: Digital Currency”. Members of the community were quick to point out that his top financial contributor for 2017-2018 is Allied Wallet – a payments processor offering credit card, ACH and other services that stand to lose out from wider cryptocurrency adoption.

“We should prohibit U.S. persons from buying or mining cryptocurrencies,” Rep. Sherman proclaimed. “Mining alone uses electricity which takes away from other needs and-or adds to the carbon footprint. As a store [of value], as a medium of exchange, cryptocurrency accomplishes nothing except facilitating narcotics trafficking, terrorism, and tax evasion.”

Belarus’ New Standards for Crypto Exchanges

On Friday, we reported that, having legalized crypto-related activities earlier this year, Belarus is now fine-tuning and expanding the regulatory framework. The Hi-Tech Park in Minsk (HTP) is currently developing standards for companies operating crypto exchanges and providers of services related to issuing and placement of tokens. According to local media reports, state bodies and representatives of the legal and tech communities in the country are involved in the process. The new set of rules and regulations is intended to supplement the basic framework outlined in the presidential decree. A legal expert added that entities in the field will be obliged to prove charter capital of at least $ 500,000.

Coinbase Dives Into Swamp

The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into PoliticsThe big news on Saturday was that Coinbase has formed its own political action committee in order to raise money that can be spent on American elections. The company needs to keep US regulators off its back so it can continue to operate as a crypto exchange in the land of the free, and one day soon list securities as well. Having a political lobby that promotes its interests is an obvious move for a company that makes as much money as Coinbase, but one that smaller ventures won’t be able to match.

Peter Schiff: BTC Will Plummet

The most commented-on article during the week covered the recent appearance by the noted gold bug and bitcoin skeptic Peter Schiff on The Joe Rogan Experience podcast. Schiff blasted the world’s most popular decentralized money, insisted that a recent debate between him and the CEO of Shapeshift on the subject was rigged, and explained why he believes BTC’s price will crash further to $ 1,000 and lower. 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.

The post The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics appeared first on Bitcoin News.

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