Bitcoin

Onecoin victims have joined a consortium that wants the European Parliament to consider a petition seeking the establishment of a compensation fund. The envisioned EU-administered fund will function as an insurance kitty for current and future victims of all crypto fraud. The petitioners are proposing the levying of an “unnoticeable” fee of 0.0001 cent per €1 on all crypto-asset transactions conducted on EU territory. Explaining the pivot towards the European Parliament, the victims’ lawyer, Jonathan Levy, says they have now made the decision to approach the legislature because they know this body “will not shy away from providing remedies to people as it has done in the past with the GDPR.” Also, the victims will feel encouraged by the recent reports that the EU wants to institute continent-wide regulation of crypto assets that “will be phased in by 2022.” Previous attempts to have the EU Commission consider the petition failed to yield positive results for the victims. Meanwhile,

During the first half of the year, betting portals that allow people to wager cryptocurrencies on the upcoming U.S. election had shown Donald Trump winning the election. However, after Tuesday evening’s Presidential Debate, betting markets like Cloudbet show Joe Biden’s chances of getting elected is favored by 61% over the incumbent Trump. Tuesday’s Presidential Debate was considered by many as one of the “ worst debates ” in the history of American leadership. However, many people still kept score on how each candidate did during the evening’s political discourse. In addition to all the people watching the debate on television, a great number of people have been betting on the outcome. The betting web portal Cloudbet, a gambling operator that accepts BTC , USDT , BCH , and ETH , detailed that the company saw a “significant pick-up in betting activity ahead of the debate.” Tuesday evening’s Presidential Debate was considered the “worst” in American history by many political pundit

American economist and former chairman of Morgan Stanley Asia, Stephen Roach said on Sunday that he believes the U.S. dollar will “crash faster and harder.” Roach said similar statements during an interview back in June, and his latest commentary stresses that people should “expect the dollar to plunge by as much as 35 percent next year.” Stephen Roach is a well known American economist as he worked as chairman of Morgan Stanley Asia and he also advised as the company’s chief economist as well. Roach currently serves as a senior fellow at Yale University and he’s been discussing the American economy regularly during the last few months. Last June, news.Bitcoin.com reported on Roach’s interview with CNBC when he explained a number of reasons as to why he predicts a “dollar crash.” On Sunday, Roach published an editorial that bolsters his current opinion concerning a dollar crash and the economist emphasized that the USD has “entered the early stages of what looks to be a sharp desc

Aspire (ASP) is the first digital asset creation platform to resist both mining exploits and 51 percent attacks common to proof-of-work blockchains. Its fees are a tiny fraction of creating assets on Ethereum or other platforms due to its innovative Aspire Gas (GASP) blockchain Both tokens will be introduced with BTC and USDT trading pairs, with more pairs to follow in the short-term. Bitcoin.com Exchange is thrilled to announce the upcoming listing of two new digital assets: Aspire (ASP) and Aspire Gas (GASP) on the 30th of September 2020 at 10:00 UTC. Both tokens were created by Aspire Technology, under the leadership of core developer Jim Blasko, a proof-of-work innovator since 2012. What is Aspire Technology? Aspire Technology is a leading developer of digital asset creation technologies. It was incubated by the bCommerce Labs accelerator fund and other angel investors. The Aspire platform, which consists of the Aspire (ASP) digital asset creation platform and Aspire Gas

The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as ‘smart securities’ in tokenised form”. GSX is the parent company of the Gibraltar Stock Exchange. According to the exchange, the newly listed fund tracks the price of bitcoin by using a special index feed, which was developed by crypto market data provider Cryptocompare and Vaneck Europe, an asset management firm. 3iQ’s regulated BTC fund is already being traded on the Toronto Stock Exchange since April, but this is the first time it will be entering European shores. The exchange-traded fund aims to provide retail investors with “access to bitcoin without the burden of buying and safekeeping coins,” said the company in a statement shared with news.Bitco

It is looking like good times in the retail industry as BuySellVouchers gives a solution that allows users of the platform to shop in the most popular retail chains with cryptocurrency. The innovative solution from one of the leading online marketplaces for digital goods allows shoppers to purchase gift cards of major retail shops using different digital currencies. The emergence of digital currency has practically disrupted the financial system, with its unique features and benefits endearing it to millions of people across the globe. While the retail industry has evolved over the years to embrace innovations that provide customers with the best possible shopping experience, many large retail chains seem to be taking too much time in adopting the use of Bitcoin and other cryptocurrencies as a means of payment. Consequently, crypto enthusiasts and users of different digital currencies are underserved, which is where BuySellVouchers is looking to make a difference offering digital c

JPMorgan Chase has admitted to fraud charges and agreed to settle with the U.S. Department of Justice, the Commodity Futures Trading Commission, and the Securities and Exchange Commission. The firm has agreed to pay nearly a billion dollars in penalties and victim compensation. JPMorgan’s Fraud Cases The U.S. Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC), and the Securities and Exchange Commission (SEC) announced separate actions against New York-based global banking and financial services firm JPMorgan Chase & Co. and several of its subsidiaries on Tuesday. According to the agencies, JPMorgan has admitted to fraud charges and agreed on settlements to resolve criminal charges against it. The Justice Department explained that the criminal charges against JPMorgan Chase relate to two distinct schemes to defraud. “The first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the secon

Switzerland . September 30, 2020. Dock is pleased to announce the launch of its much-anticipated blockchain mainnet. The mainnet is the culmination of years of collaboration, hard work, and testing that brings to the market a bespoke credential issuing and verification platform. Dock seeks to solve the most difficult issues that face the credential industry today. Currently, most companies rely on centralized platforms that hoard data or issue digital credentials that are easy to forge. Dock was specifically built for this purpose of enabling organizations to create verifiable credentials on a decentralized network that are cryptographically secured and exist independently of any organization. Dock’s mainnet will enable issuers to create their own decentralized identities (DIDs) to authenticate credentials, while also enabling recipients to control, present, and retain ownership of their credentials. The mainnet is completely open-source and its use of the W3C’s industry-leading s

This week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees. Coin Metrics researchers and Nate Maddrey published a new report that discusses Ethereum’s defi evolution and the growth the blockchain has seen this year. However, with the new demand Coin Metrics highlights that ETH fees have “changed dramatically” and the authors note “high gas prices are becoming the new norm.” A few defi project launches contributed to the dramatic rise in network fees including UNI, SUSHI, YAM, and YFI. The trading of the new tokens has been more prevalent on decentralized exchange (dex) platforms and because swaps are onchain this created a fee market. “This can lead to escalating transaction fees as users compete to be first in l

A few weeks ago, Devere Group CEO and founder Nigel Green said that he believed the U.S. election would bolster the price of bitcoin. Speaking with the financial broadcast MoneyFM on Monday, Green said he also believes that bitcoin will replace gold as the ultimate financial safe haven within the timespan of a generation. Devere Group CEO Nigel Green is a big believer in crypto assets like bitcoin (BTC) and he’s been more vocal about his forecasts in recent days. Last August, news.Bitcoin.com reported on Green explaining why he thinks the U.S. presidential election would have devastating effects on the U.S. dollar but also bolster bitcoin at the same time. Green’s firm Devere Group is one of the world’s largest independent financial advisory organizations in the fintech world and the firm’s assets under management (AUM) exceed $10 billion. On Monday, Green once again spoke about the crypto asset again during an interview with the broadcast MoneyFM. The discussion was prompted

The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the decentralized finance (defi) application’s Uniswap dominates the $11 billion landscape by over 18%. Just recently, the defi space has touched a few new milestones as the ecosystem’s TVL this week has topped $11 billion. The dex Uniswap is dominating the defi landscape by 18.65% with over $2 billion TVL to-date. Uniswap is followed by Makerdao ($1.9B), Aave ($1.56B), Curve.fi ($1.22B), and the Wrapped Bitcoin (WBTC) project ($990M). The Uniswap trading platform has captured a massive amount of demand this week with 104,324 unique users during the last seven days. Today according to stats, the Uniswap dex is moving just as much trade volume as some of the top centralized exchanges (cex) globally. On Tuesday, Binance has the top trade volume as far as cex trade volumes are concerned with $2.5 million in 24-hour v

Bitcoin of America offers a number of convenient ways to transfer your bitcoin or litecoin to commonly used USD payment gateways like prepaid debit cards or a PayPal account . Read the guides below to find the method that’s best for you. Most commonly, bank transfers are used to transfer bitcoin, but using popular fiat gateways like PayPal and Prepaid debit cards can make it easy to spend Bitcoin and Litecoin anywhere that accepts USD. Sell Bitcoin to Prepaid Debit Card Want to spend your crypto at any location across the globe that accepts debit cards, to make purchases of goods and services? Simply sell your bitcoin or litecoin using Bitcoin of America’s online exchange, and you will receive a prepaid debit card for the amount sold for use immediately online; you can also obtain a physical card in the mail. If you aren’t already familiar with how prepaid cards work, they function in pretty much the same way that a pay-as-you-go mobile phone does, when you top up the phone wi

US Senate candidate Cynthia Lummis is pro-bitcoin. She bought her first bitcoin during her time in Congress. Now she calls herself a hodler and sees the cryptocurrency as a viable alternative store of value to the US dollar. Bitcoin Advocate in the Senate Cynthia Lummis served Wyoming as a conservative Republican in the U.S. House of Representatives for eight years. She is now in the running for the U.S. Senate, with the endorsement of President Donald Trump. Lummis revealed during the third annual Wyoming Blockchain Stampede on Sunday that she is a bitcoin “hodler,” having purchased her first BTC in 2013. She elaborated: It was during my time in Congress that I first learned about bitcoin. I was struck by how innovative bitcoin is with its decentralized public ledger and a fixed supply. While serving as State Treasurer, Lummis was always hunting for a good store of value because one of her duties was to invest the Permanent Wyoming Mineral Trust Fund. Noting that the state of

The Inland Revenue Department (IRD) of New Zealand has requested that crypto companies in the country hand over their customers’ personal details, cryptocurrency asset values as well as the type of asset held. According to a September 28 report by Radio New Zealand, the tax agency says it wants to improve its understanding of the digital asset industry “so we can work out how best to help taxpayers meet their income tax obligations.” New Zealand firms might not have legal grounds to refuse the request, says the report. In the island nation, virtual currencies are treated as a form of property, just like in the U.S. Tax is paid with every sale, trade, exchange, or lending activity. Crypto mining and staking are also taxed. The IRD’s latest move drew criticism from industry participants. Janine Grainger, chief executive officer of New-Zealand-based Easy Crypto, told Radio New Zealand that the requirement to share customer details was “heartbreaking”. She noted how the tax authority

As the cryptocurrency world is experiencing rapid growth, decentralized finance (DeFi) platforms are also rising. In early 2019, there were only $275M of crypto collateral in the DeFi economy than the current $5 Billion+; this represents the massive adoption of this platform. New Kangen New kangen announced earlier that they would cooperate with LID Protocol to launch the NEWG presale. The presale will start on October 2, 2020. Liquidity Dividends Protocol (LID) advances the development of divided bearing Proof of Locked Liquidity tokens. It hence can solve the issue of Uniswap exit scamming. After the stipulated presale, 60% of ETH will be locked in the Uniswap liquidity permanently. Within 72 hours after the presale, 15% of ETH will buyback and burn NEWG tokens, preventing any form of dump, thus reducing supply and increasing the demand. What is New Kangen? New Kangen is a DeFi platform whose goal is to build an aggregated liquidity pool, automatic market-making, leveraged t