Cryptocurrency News

by Sunny Hoi
  • Bitcoin News - 20 February 2020, 1:48 pm

    For news, gossip, FUD, FOMO, charts, bots, and project updates, crypto Telegram is where it’s at. The beating heart of the crypto community resides in Pavel Durov’s encrypted messenger application. Accessing Telegram is easy, but optimizing your experience to get the most out of the platform calls for a few do’s and don’ts. Here are […] The post 8 Tips for Getting the Most out of Crypto Telegram appeared first on Bitcoin News.Read More

  • News - 20 February 2020, 12:49 pm

    The new platform will facilitate payments in up to 10 seconds using QR codes or identification data alongside computers, ATMs, or mobile phones. The Central Bank of Brazil (BCB) has announced a plan to launch a new near-instant payment system during November.The platform, called the Brazilian Instant Payment Scheme (PIX), will facilitate peer-to-peer and business-to-business transactions in 10 seconds or less via mobile phone, internet banking, or select ATMs. According to a press release published Feb. 20, It is mandatory for all financial and payment institutions licenced by the BCB to provide their 500,000 active customer accounts with the functionalities required…Read More

  • News - 20 February 2020, 12:45 pm

    Cardano is ready to begin the first phase of its transition to a decentralized Shelley mainnet, which will introduce the Ouroboros Praos consensus algorithm. The Cardano (ADA) network will perform a scheduled upgrade on Feb. 20 to introduce Ouroboros BFT, an improved consensus mechanism. The update is an intermediate step between the current Byron era and Shelley, which will introduce staking on mainnet.Announced by IOHK on Feb. 19, the upgrade will be executed on Thursday at 9:44 PM UTC, or 4:44 PM EST. The network will undergo a hard fork, though the team emphasizes that “it is a planned and…Read More

  • News - 20 February 2020, 12:35 pm

    Despite receiving a lot of flak from regulators, use of crypto is still limited when compared to fiat within the illegal gambling sector. Last week, a report claimed that cryptocurrency-based illegal gambling has surged in many parts of Asia owing to the rise of this novel asset class in recent years. In this regard, the article further added that over the course of the last five years or so, betting amounts have become substantially larger, partly because of traditional payment methods being replaced by cryptocurrencies. From a more technical standpoint, a research study released by Transparency International, a nongovernment organization based…Read More

  • News - 20 February 2020, 12:20 pm

    Binance founder and CEO Changpeng Zhao suggested that Bitcoin’s price has not yet adapted to the upcoming block reward halving. Changpeng Zhao, the founder and CEO of major crypto exchange Binance, suggested that Bitcoin’s (BTC) price has not yet adapted to the upcoming block reward halving.Zhao suggested that Bitcoin’s price will see more upwards movement in the future during an interview on Feb. 20. The CEO explained that, historically, Bitcoin’s block reward halvings have had a positive impact on the coin’s price. While he admitted that historic events do not necessarily predict future events, he noted that miners will have to…Read More

  • News - 20 February 2020, 12:00 pm

    Ripple CEO Brad Garlinghouse explained how he talks to bankers to assuage their fear of crypto and get them on board with the new asset class. Ripple CEO Brad Garlinghouse’s mission is to demolish bankers’ fear of cryptocurrencies and get them on board with the new asset class.During a recent interview with CNN, Garlinghouse explained that “once regulators understand you’re not circumventing regulatory frameworks they get very comfortable very quickly.”Garlinghouse said that someone at the World Economic Forum in Davos told him that “crypto is still a bad word here.” Because of this attitude in traditional finance, a big part…Read More

  • Bitcoin News - 20 February 2020, 10:40 am

    With the rising price and popularity of bitcoin come numerous scams. Bitcoin Superstar and Bitcoin Era are two investment schemes that have recently gained much attention. took a look at them, and it did not take much to spot how similar they are to each other and several other well-known scams. Also read: Bitcoin, […] The post Bitcoin Superstar and Bitcoin Era – The Latest Two Faces of the Same Scam appeared first on Bitcoin News.Read More

  • News - 20 February 2020, 10:10 am

    The Dutch Fiscal Intelligence and Investigation Service arrested two men for allegedly laundering money with cryptocurrencies. The Dutch Fiscal Intelligence and Investigation Service (FIOD) has arrested two men for allegedly laundering money with cryptocurrencies.According to a statement released by the International Revenue Service on Feb. 18, the two men were arrested on Feb. 17 in connection to two separate criminal investigations into money laundering using cryptocurrencies. Both investigations were led by the National Office for Serious Fraud, Environmental Crime and Asset Confiscation.The money trailOne of the suspects was a 45-year-old man who is accused of laundering 2.1 million euros. He…Read More

  • News - 20 February 2020, 9:57 am

    A “head and shoulders” formation for XRP could spell significant losses, the veteran trader warns, as Bitcoin stays lower after its own 8% fall. XRP traders may be in for further losses as one trader warned that a bearish price feature was yet to complete its impact on the market.In a tweet on Feb. 20, Peter Brandt, well known as a trader of both cryptocurrency and traditional assets, said that a “head and shoulders” pattern in XRP/USD this month had the potential to send prices lower. Brandt: “possibility” XRP goes to $0.20XRP reached highs of almost $0.35 in recent days but…Read More

  • News - 20 February 2020, 9:36 am

    An anonymous VC has argued that evidence brought forward by the SEC could reveal the firm’s proprietary investment and custody strategies. Newly published court documents reveal that an anonymous venture capital firm identified as “Investor F” sought to have evidence redacted from the first court hearing for the dispute between the United States Securities and Exchange Commission (SEC) and Telegram.On Feb, 18, Investor F asserted that emails directly requested by the SEC contain “confidential and commercially sensitive documents” detailing the firm’s strategic considerations regarding prospective cryptocurrency investments and custody solutions. The request states that the firm operates in a “highly…Read More

  • News - 20 February 2020, 6:47 am

    The digital currency set to be released by Facebook in 2020 still has unanswered questions from the EU. Governments around the world are facing hard choices when it comes to cryptocurrency: overregulate it and risk losing the benefits to the economy, or do nothing and make themselves vulnerable to those who step up. Currently, the European Union can’t figure out what to do about Libra, the digital currency set to be released by Facebook in 2020. According to a Feb. 19 memo released by Executive Vice-President Dombrovskis on behalf of the European Commission, the Libra Association has fallen short in its…Read More

  • News - 20 February 2020, 6:00 am

    A lawyer for the WikiLeaks founder claims a Republican congressman dangled a pardon for denying Russian involvement in the DNC leak. A lawyer for Julian Assange spoke in court on Wednesday, claiming a former Republican congressman offered the WikiLeaks founder a presidential pardon. This clemency was to be in exchange for denying Russian involvement in the 2016 Democratic National Committee email hack. Assange’s lawyer, Edward Fitzgerald, declared in the Westminster Magistrates’ Court on Feb. 19 that former congressman Dana Rohrabacher of California’s 48th district had spoken to his client on behalf of the U.S. President. The congressman offered to arrange a…Read More

  • News - 20 February 2020, 5:48 am

    A New York judge has extended the restraining order that prohibits Telegram from distributing its Gram tokens. Following a two-hour hearing, a New York federal judge has extended the restraining order that prohibits Telegram from distributing its Gram tokens.On Feb 19, Judge P. Kevin Castel of the US District Court for the Southern District of New York reserved judgment on the US Security and Exchanges Commission (SEC)’s request for a preliminary injunction regarding Telegram’s 2019 Gram sale.The SEC believes that the Gram token – which the company described as a utility token for the forthcoming Telegram Open Network (TON) –…Read More

  • News - 20 February 2020, 5:20 am

    The financial group increased its offer to creditors’ claims on the defunct crypto exchange from 70% to 88%. Fortress Investment Group has increased its offer to purchase claims from creditors who lost money in the infamous $480 million Mt. Gox hack. The group, which aims to profit by eventually recovering the Bitcoin (BTC), upped its offer on the cryptocurrency to 88% of the estimated account value.Cointelegraph has reported previously how Fortress calculated offers to creditors. The latest offer of $1300 is significantly higher than the $755 offered in December due to the recent increase in Bitcoin’s value.However, the offer is…Read More

  • Bitcoin News - 20 February 2020, 5:16 am

    Since the new German crypto regulation went into effect, financial institutions in Germany have been preparing to offer crypto custody services. Among them is Boerse Stuttgart, the country’s second-largest stock exchange. Having obtained a provisional license from BaFin, the regulator in charge of licensing crypto service providers, Boerse Stuttgart is preparing to offer crypto custody […] The post Boerse Stuttgart: New German Crypto Regulation Poised to Attract Institutional Investors appeared first on Bitcoin News.Read More

  • News - 20 February 2020, 4:20 am

    The mastermind behind the $147 million Gemcoin cryptocurrency scam, has admitted to wire fraud and tax evasion. Steve Chen, the mastermind behind the $147 million Gemcoin cryptocurrency scheme, has admitted to wire fraud and tax evasion in a plea agreement.The 62-year-old Southern California resident agreed that he and other co-conspirators fraudulently promoted a cryptocurrency called Gemcoin (or Gem Coins) that helped fleece $147 million from 70,000 victims.Chen, also known as “Boss,” reported an income of $138,000 in 2014 which is a far cry from the $4.8 million he now admits to pocketing that year. Chen used the proceeds to buy…Read More

  • News - 20 February 2020, 3:10 am

    Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit. Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel’s attorney general Avichai Mandelblit.Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other illicit financial practices, Mandelblit told the Tel Aviv District Court.Mandelblit’s stance purportedly opposed to a position by Israeli central bankMandelblit’s stance — reported by Israeli news agency Globes on Feb. 19. —  is in opposition to the view of the country’s central…Read More

  • News - 20 February 2020, 2:00 am

    The blockchain industry has the potential to help the world in stopping the climate changes and global warming. Every week sears a new image of climate change into our collective consciousness. A few decades ago, we heard about ozone holes and ice melting at slightly higher rates than anticipated. Today, the reminders of climate change are more visceral and immediate: California’s hills and forests burn, Venice’s city council chamber floods, and Iceland holds a funeral for a glacier. The United Nations held a global Climate Summit at the end of September last year, though there were real disappointments — with the…Read More

  • News - 20 February 2020, 1:45 am

    Bitcoin led an aggressive flash crash that saw most leading crypto assets plunge by at least 5% in under one hour. Bitcoin (BTC) took an unexpected dive today, plunging $600 in a matter of minutes. The plunge saw 15 of the 20 largest crypto assets by market cap down 5% or more on this time yesterday.Crypto market 1-day price chart. Source: Coin360The price drop began around 21:45 UTC when Bitcoin lost $800 in an hour. More than $100 million worth of long contracts were liquidated on BitMEX alone during the plunge. Joe Vezzani, the founder of crypto social analytics platform LunarCRUSH,…Read More

  • Bitcoin News - 20 February 2020, 1:05 am

    Cryptocurrencies are gradually becoming a viable alternative for savers in Switzerland, according to a new poll. The Alpine nation’s crypto-friendly business climate and increasing regulatory clarity makes them a relatively easy addition to investors’ portfolios. Many Swiss people can afford and regularly do put some money aside but bank accounts are no longer offering inflation […] The post Swiss Savers View Cryptocurrencies as Option, Now That Bank Accounts Don’t Save Them From Inflation appeared first on Bitcoin News.Read More

  • News - 20 February 2020, 12:32 am

    New Bitcoin mining outfit Layer1 aims to repatriate 30% bitcoin hash rate back to the USA. Bitcoin mining startup Layer1 Technologies has begun operations at its West Texas facility, with an ambitious roadmap to secure 30% of the hash rate.Layer1, which raised $50 million in November from Thiel, Shasta Ventures and Digital Currency Group, said it has now brought multiple 2.5-megawatt liquid-cooled mining containers online.Its short term goal is to scale up to 100 megawatts and 2% of the hash rate over the coming months.But it’s the long term goal that’s raising eyebrows: the company roadmap lays out a vision…Read More

  • News - 19 February 2020, 10:08 pm

    HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance. In an earnings call held on Tuesday, Feb. 18, an HSBC executive revealed the bank plans to cut 35,000 jobs by the end of 2022 and invest more in digital systems. The plan for HSBC in the next three years is to cut down on staff and branches and simplify the operation by investing in technology. Noel Quinn, group chief executive added in the earnings call that: “In Retail Banking, we will expand our products offering and increase our…Read More

  • News - 19 February 2020, 9:51 pm

    The EU’s financial regulator released a lengthy 2020 report, which includes the dangers of big tech companies entering finance. The European Union’s securities regulator has put out a report warning of risks of Big Tech’s entrance into finance.   “The high level of market concentration typically observed in BigTech may get carried into financial services, with potentially adverse impacts on consumer prices and financial stability,”  the European Securities and Markets Authority, or ESMA, said of Big Tech companies entering finance, as part of its 2020 Trends, Risks and Vulnerabilities report released on Feb. 19. The report did, however, also mention a few positives…Read More

  • News - 19 February 2020, 9:15 pm

    Ethereum bulls are still pushing for $300 but the possible formation of an M-Top threatens to thwart the current uptrend. The recent Bitcoin (BTC) price correction inflicted double-digit losses on many altcoins and while Ether (ETH) also took a knock, it recovered quickly compared to the price action of other top-ten altcoins. Since dropping 17.67% to $237.62 on Feb. 16,  Ether has rallied 20.78% to $285.99, less than $5 away from its 2020 high at $289.26. Currently, two of the three price targets discussed in previous analysis have been hit and now that the altcoin prepares to overtake it’s 2020 high,…Read More

  • News - 19 February 2020, 8:57 pm

    Tech firm Unstoppable Domains is rolling out a blockchain-based browser set to provide users with access to the decentralized web. Unstoppable Domains, a tech firm backed by prominent blockchain supporter Tim Draper, is rolling out a blockchain-based browser set to provide users with access to the decentralized web.Per a Feb. 18 announcement, Unstoppable Blockchain Browser is designed to simplify access to the decentralized web, also known as web 3.0. This kind of the Internet enables peer-to-peer (P2P) transactions with no involvement of a middleman, reportedly designed to avoid censorship.Unstoppable Domain’s another step forwardUnstoppable Domains CEO, Matthew Gould, said:“We believe that…Read More

  • News - 19 February 2020, 8:51 pm

    Former Ripple executive Kahina Van Dyke took on the role of Global Head, Digital Channels and Client Data Analytics at major bank Standard Chartered. Kahina Van Dyke, former senior vice president of business and development at blockchain firm Ripple, took on the role of Global Head, Digital Channels and Client Data Analytics at major bank Standard Chartered.According to an official announcement published by Standard Chartered on Feb. 19, Van Dyke joined the bank’s Corporate, Commercial and Institutional Banking (CCIB) division.Improving Standard Chartered’s data analyticsThe CCIB division focuses on corporate clients, financial institutions, and investors. The experts working on the team…Read More

  • Bitcoin News - 19 February 2020, 7:50 pm

    During the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving […] The post Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum appeared first on Bitcoin News.Read More

  • News - 19 February 2020, 7:47 pm

    Bitcoin Gold appears to have been taken over by a single whale that controls price action and is preventing the coin from rising too quickly for a later sell-off. Bitcoin Gold (BTG)’s price is being manipulated by a whale controlling close to half of the circulating supply. These are the findings of an analysis conducted by an independent trader and analyst, who preferred to remain anonymous.He published his findings in a blog post, where he explained why he believes a single group of people accumulated their way into a huge Bitcoin Gold position, and are now using that supply to…Read More

  • News - 19 February 2020, 6:24 pm

    Numerous cryptocurrencies are attempting to resume their uptrend, which shows that the sentiment amongst traders remains bullish. Eurekahedge’s index of crypto hedge funds have clocked 21.15% returns since the start of 2020 and this is the best performance from the firm since the index started in 2013. Even in 2017, which was the blockbuster year for cryptocurrencies, the January returns were a modest 4.85%. If the crypto hedge funds maintain their stellar performance this year, they are likely to attract further investments in this space.Coinbase is now a Visa principal member, the first crypto pure-play company to receive the membership.…Read More

  • News - 19 February 2020, 6:16 pm

    Enigma settled with the SEC for its unregistered ICO, agreeing to pay a fine and return investor funds. The U.S. Securities and Exchange Commission, or SEC, recently announced its conquest over yet another unregistered ICO from 2017.The SEC went after Enigma for its 2017 ICO, labeling the capital raise as an unregistered securities offering, the governing body said in a statement on Feb. 19.Enigma settled with the SEC, agreeing “to return funds to harmed investors via a claims process, register its tokens as securities, file periodic reports with the SEC, and pay a $500,000 penalty,” the statement detailed.  Responding to Cointelegraph’s…Read More

  • Bitcoin News - 19 February 2020, 2:54 pm

    Cryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10 digital currencies by market cap have gained between 4-8% and the entire market valuation of all cryptos has hovered between $295-300 billion. Also Read: Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App […] The post Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium appeared first on Bitcoin News.Read More

  • Bitcoin News - 19 February 2020, 10:59 am

    Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need to […] The post How to Mine Bitcoin in 2020 appeared first on Bitcoin News.Read More

  • Bitcoin News - 19 February 2020, 7:59 am

    A report published February 7 and authored in part by Blockstream researcher Christian Decker found that the BTC Lightning Network is “evolving towards an increasingly centralised architecture.” Proponents of LN say this is not a problem, and even critics of the network point to the necessity of properly defining — and not deifying — “decentralization.” […] The post Lightning Network Increasingly Fragile to Attacks – Hope Turns to Drivechain for Bitcoin Scaling appeared first on Bitcoin News.Read More

  • Bitcoin News - 19 February 2020, 12:10 am

    The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett […] The post Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations appeared first on Bitcoin News.Read More

  • Bitcoin News - 18 February 2020, 9:10 pm

    For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The […] The post ‘Central Banking Is Socialism for the 1%’ – Report Cites Wealth Inequality Driven by Stimulus appeared first on Bitcoin News.Read More