Bitcoin

Crypto exchange Coinbase said Friday that it is reviewing 19 cryptocurrencies for possible listing. These new assets are: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, Theta, Uma, and Wrapped Bitcoin (WBTC). Coinbase said the review process includes “significant technical and compliance review and may be subject to regulatory approval in some jurisdictions.” There’s no guarantee that crypto assets under review will gain automatic listing. “[Our] goal is to offer support for all assets that meet our technical standards and which comply with applicable laws,” said the U.S. exchange, in a blog post . “As per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations. The omission of assets from this publication does not disqualify any such asset from active review and potential list

On Friday a 17-year-old Tampa teenager was arrested in Florida for allegedly being the “mastermind” behind the July 15 Twitter hack that saw a great number of high profile accounts compromised. The hack also netted roughly $120,000 worth of bitcoins by leading unknowing individuals to doubler scams. The suspect Graham Clark has been charged with over 30 felonies and was taken into custody by the FBI, Secret Service, and Florida law enforcement. On July 15, there was a massive Twitter hack where a large number of Twitter accounts were breached. The accounts belonging to many well known people included Barack Obama, Apple, Google, Joe Biden, Elon Musk, Bill Gates, and Jeff Bezos. The accounts then tweeted about a bitcoin ( BTC ) ‘giveaway’ or doubler scam and the hacker raked in $120,000 worth of BTC in one day. The public also found out that 1,000 individuals had access to an internal tool that gives someone ‘God Mode’ powers. It was also found out that someone on the inside work

The U.S. Securities and Exchange Commission (SEC) intends to award a fixed-price contract on a single source basis to Ciphertrace. The SEC is awarding the contract to the blockchain monitoring company as it plans focus on BNB coin, as well as other tokens on the Binance’s DEX . The BNB token has multiple forms of utility and powers the Binance Ecosystem as its underlying gas. The U.S. regulator says it has chosen Ciphertrace because “its products are the only known blockchain forensics and risk intelligence tool that can support the Binance coin ( BNB ) and all tokens on the Binance network.” This follows a determination by the contracting officer “that Ciphertrace Inc is the only source that can reasonably meet the SEC’s requirement in accordance with FAR Part 13.106-1(b).” According to the SEC notice , “the period of performance for the contract is anticipated to be one year with four one year option periods and the total value of the contract shall be below the Simplified Ac

During the last few weeks, gold has skyrocketed in value over the concerns fueled by the faltering global economy. Despite the fact that gold has always been a safe-haven, many investors are looking to bitcoin because they fear central banks will dilute the market or even confiscate the gold. Prior to Covid-19, central banks purchased massive amounts of gold and alongside this, a number of countries are having serious issues repatriating their gold reserves. This has caused investors worldwide to question gold over crypto assets. There’s no doubt that gold has been on a tear, but many people have concerns about the precious metal being a solid safe-haven due to a number of factors. In recent years, investors have found cryptocurrencies like bitcoin ( BTC ) have a number of benefits that gold cannot offer. At the time of publication, one troy ounce of .999 fine gold is trading for $1,963 and many investors believe the price is headed higher. But some of the biggest issues with gol

Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors. Plustoken Scammers Arrested Under the command of China’s Ministry of Public Security, the country’s principal police and security authority, Chinese police have taken down Plustoken, a major multinational pyramid scheme using cryptocurrencies, local news outlet CLS reported on Thursday. The Plustoken scheme has lured in more than 2 million investors who joined on over 3,000 levels. It has swindled funds worth more than 40 billion yuan (approximately $5.7 billion) from the victims. The police have arrested all 27 alleged masterminds and 82 key members of the scheme. “The arrest completely destroyed this huge multinational MLM organization network entrenched at home and abroad,” the publication no

London, Friday 31st July 2020 – The pTokens project has today launched the pNetwork DAO, giving holders of the governance token $PNT the opportunity to help govern and influence the future of the DeFi cross-chain solution. pTokens make every cryptocurrency compatible with every blockchain, such as pBTC, which enables Bitcoin holders to explore Ethereum and EOS DeFi without having to sell or trade their crypto. The community-run pNetwork DAO is the first major step towards decentralising the system. PNT holders who stake their tokens in the DAO will be able to vote on different proposals regarding the development of the pTokens solution and make key governance decisions as a community. Active voters receive competitive interest rates for their participation, receiving 42% APR interest on their stake during the first year, and 21% APR interest the following year. This reward incentive is designed to give back to the founding community and help the pNetwork grow while in its initial s

The Indian government has confirmed in a Right to Information (RTI) reply that the inter-ministerial committee’s cryptocurrency bill is “awaiting approval of the government.” The bill is currently being examined by various ministries. Indian Government’s Confirmation The government of India has been sitting on a cryptocurrency draft bill since it was submitted to the finance ministry early last year. Entitled “Banning of Cryptocurrency and Regulation of Official Digital Currency Bill, 2019,” the document was drafted by an inter-ministerial committee headed by former Finance and Department of Economic Affairs (DEA) Secretary Subhash Chandra Garg . While no formal announcement regarding the progress of the bill has been made, some media reports suggest that consultation has begun on this bill. To establish the veracity of this news, lawyer Mohammed Danish, co-founder of Crypto Kanoon, filed an RTI application with the Department of Economic Affairs. In its short reply dated July 1

Bitcoin trading is growing in Russia. That’s despite attempts by the government to make it difficult for investors to do so. For years, Russian lawmakers have blown hot and cold over cryptocurrency regulation, creating an atmosphere that has often left the entire digital asset industry in the country on tenterhooks. According to Paxful, Russian users joining the peer-to-peer bitcoin ( BTC ) exchange have increased by 350% over the last 12 months. New registrations have swelled to record highs month-on-month since the new coronavirus outbreak in March. The exchange said it is now seeing an average monthly trading volume of $4 million in the Eastern European country, compared to other P2P platforms. For payment, Russians prefer to use gift cards, online wallets, bank transfers, and credit or debit cards, it stated in a statement shared with news.Bitcoin.com . Anton Kozlov, Paxful’s Manager for the Russian market, said: Crisis aside, Russia has always had a monolithic banking syste

When it comes to Switzerland, first of all, people have associations with first-class chocolate, delicious cheese, the most precise watches, multi-purpose knives and, of course, a safe place to keep money. New Way of Holding Assets in Switzerland Since the dawn of time Switzerland has been a banking paradise attracting more and more people, who want to keep their money in the country. With the growing popularity of cryptocurrencies, Switzerland has decided to enter the list of advanced countries, taking an extremely friendly position regarding digital currencies because of their great potential. It can be considered the most favourable jurisdiction for blockchain-oriented businesses at the moment. It is all caused by advanced legislation, quite low tax rates, high standard level of privacy and a developed banking industry. One of the country’s administrative centres in Zug even has its own ‘crypto valley’, named Crypto Valley Association , which task is to create the most mode

Fidelity Digital Assets (FDA) quotes Satoshi Nakamoto in its latest investment thesis report. The thesis is part of a series of reports examining the perspectives driving interest and investment in bitcoin. FDA is affiliated with Fidelity through parent company Fidelity Management & Research (FMR). One of the largest financial services corporations in the world, Fidelity has an estimated $7 trillion worth of assets under management (AUM). Commenting on its findings, FDA says it has learned that investors view bitcoin as an aspirational store of value while also noting the limited knowledge about the same by stakeholders. Additionally, FDA observes that the current investor “rationale for establishing exposure now” is premised on a belief that bitcoin “will be a much larger market if it is widely used as a store of value in the future.” This optimistic investor perception fits well with a famous Satoshi’s quote which FDA includes in this bitcoin investment thesis. Satoshi w

Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a time when the price falls to around $1,775. “Too many people all of a sudden are involved in the gold market,” he complained. “There’s only one position everybody has and that’s long…people have to be taken out of that trade.” Back in April, the popular gold investor told everyone “now is the time to buy gold.” Today, Gartman feels the market is overcrowded. “I couldn’t get too many people interested in gold…two and three years ago but now it’s on the front pages of every report that you see,” said Gartman, adding, “at this point in gold I’m neutral.” The price of gold closed at a record high of nearly $1,960 per ounce on July 28, as trading volumes surged. Some traders are reported to be switching their futures contracts for physical gold, potentially risking creating

To celebrate the third anniversary of Bitcoin Cash, the world-class gaming platform Bitcoin Cash Games is launching a leaderboard tournament worth $3k. On August 1, the Bitcoin Cash community will be celebrating the network’s third anniversary and the project has come a long way since 2017. Bitcoin cash (BCH) has garnered widespread attention, it’s the fifth-largest market by valuation, and developers have completed a number of beneficial upgrades over the last few years. BCH has solidified itself as the go-to cryptocurrency for a reliable peer-to-peer electronic cash system . At Bitcoin Cash Games we want to celebrate the third BCH anniversary so our gaming casino is launching a leaderboard with a total of $3,000 for you to win. Anyone can participate in this special promotion by playing any of these exclusive games available on the casino: Exclusive Slots, Keno and Roulette. Then the top 15 players will get a bonus reward at the end of the Bitcoin Cash Games promotion. The

Central banks worldwide have injected further stimulus into the economy, as European Union (EU) leaders recently approved a $2.1 trillion budget, the Bank of England boosted stimulus injections in mid-June, and the Federal Reserve announced on Wednesday that it would keep lending until the end of the year. Meanwhile, bank indexes show that financial institutions based in the UK, Japan, and the EU are about to break support levels that have held up since the mid-eighties. The global economy looks bleak and the world’s central banks are trying really hard to keep the monetary system from breaking even further. This week, members of the U.S. Federal Reserve met for a two day Federal Open Market Committee (FOMC) meeting to discuss the U.S. economy. Fed chair Jerome Powell told the press that the “pace of recovery looks like it has slowed” During the two-day FOMC event, Powell and the committee decided to keep the benchmark lending rate unchanged, at near zero. In addition to this move,

Crypto startup Diginex has launched a cryptocurrency exchange ahead of its Nasdaq listing which has already been approved by the U.S. Securities and Exchange Commission (SEC). The new exchange is based in Singapore where Diginex has applied for a license. Diginex Set to List on Nasdaq A cryptocurrency exchange operator, Diginex, is set to list on the Nasdaq exchange in September, Diginex CEO Richard Byworth confirmed to Reuters on Wednesday. The listing is expected to be made through a $300 million reverse merger with the acquisition of 8i Enterprises Acquisition Corp., a Nasdaq-listed company. Citing Byworth, the publication conveyed: The deal has already received SEC approval … the effective listing date should be in mid- to late September. Diginex said on Thursday that it has launched a cryptocurrency exchange in Singapore where it has applied for a license, even though much of its business is in Hong Kong. The new platform, Equos.io, offers cryptocurrency spot trading and co