Tagged: bitcoin

Alipay Says It’s Not Servicing Crypto Trades, But is It?

Following a confirmation from CEO Changpeng Zhao (CZ) on Twitter yesterday that the Binance cryptocurrency exchange will soon allow customers to their trading accounts using Alipay and WeChat, Alipay has tweeted to deny Zhao’s announcement, stating: “NO, you cannot…There’re several reports about @Alipay being used for… Read More

Headlines Claiming Institutional Interest in Crypto Down Significantly

Besides injections of Tethers and high-profile proclamations of imminent six-figure Bitcoin valuations, rumours of institutional money shortly avalanching into crypto also fuelled Bitcoin’s parabolic bull run in late 2017. Similar claims of institutional crypto thirst were in the media made this summer, and a price… Read More

Final Bitcoin ETF Proposal Bites the Dust at SEC, Volume Misreporting on 95% of Crypto Exchanges Key

In a 112-page order, the US Securities and Exchange Commission (SEC) has rejected NYSE Arca’s request for a rule change to allow the company to sell a “Bitwise” Bitcoin ETF to retail traders. The proposal is believed to be the last remaining request for a… Read More

Germany’s Bavarian State Bank’s Report: Bitcoin Is Designed as an “Ultra-Hard Type of Money,” Poised to “Take a Big Leap” in 2020

BayernLB (Bavarian State Bank), a publicly regulated bank in Munich, Germany, recently published a report that analyzes the claim made by some investors that Bitcoin is outperforming gold. The report states that the “hardness” of an asset in the traditional commodities market is determined using… Read More

Germany’s WEG Bank AG Is Planning to Process Bitcoin Payments for Its Retail Clients

WEG Bank AG, a German bank that’s partly owned by blockchain-related organizations Nimiq, TokenPay, and the Litecoin Foundation, is reportedly preparing to accept cryptocurrency transactions on behalf of its clients next year.  WEG Bank AG CEO Matthias von Hauff said that the bank’s program is… Read More

Bitcoin Price Drops Uncannily Just Before Futures Contracts Expire

Crypto whales holding large numbers of physical bitcoins may be timing big sell-offs to coincide with when their bitcoin futures contracts come due, researchers at Arcane Crypto claim. Timed or coordinated sell-offs drop the price of bitcoins, allowing the same traders to cheaply deliver on… Read More

Fidelity Digital Assets to Serve As Custodian for New Bitcoin Derivatives-based Yield Fund

Los Angeles-based Wave Financial has introduced a cryptocurrency derivatives-based yield fund, called the Wave Bitcoin (BTC) Income and Growth Digital Fund. The fund will issue tokens based on cryptographic technologies that are similar to those used for issuing and transferring blockchain-based currencies, according to a… Read More

CFTC Alleges $7 Million Dollar Bitcoin Fraud Perpetrated by Jon Barry Thompson

The U.S. Commodity Futures Trading Commission (CFTC) has charged Jon Barry Thompson of Easton, Pennsylvania, with fraud. Thompson allegedly “knowingly or recklessly making false representations to customers in connection with the purported purchase of Bitcoin worth over $7 million.” The CFTC’s complaint alleges that Thompson… Read More

Bitcoin Smart Contract Network Developer RSK Acquires Spanish Social Media Platform Taringa

IOVLabs, the parent company behind RSK’s open-source Bitcoin smart contract network, announced on September 27 its acquisition of Taringa, a Spanish-language social media network. IOVLabs has reportedly set aside $5 million in assets for developing products for Taringa, according to a release. The company’s management… Read More

Lightning Network Friendly Fold App Raises $2.5 Million to Bring Bitcoin Payments to Retailers

The Lightning Network (LN)-compatible Fold App, which lets users purchase clothes and various other items and receive Bitcoin-back rewards, has added support for fiat currencies after completing its first investment round as an independent startup. The company recently spun out of crypto venture studio Thesis… Read More

SoFi CEO Anthony Noto: We Now Offer Crypto Investing, Adds Trading in Bitcoin, Litecoin and Ethereum

SoFi CEO Anthony Noto visited the studios of CNBC today and during his interview he announced that SoFi will now allow its users to purchase and trade cryptocurrencies. Specifically, Bitcoin, Litecoin and Ethereum – three of the most popular virtual currencies. Noto stated, “cryptocurrency was the… Read More

New CFTC Chair Speaks Favourably About Blockchain Technology

The Commodity Futures and Trading Commission’s newly-appointed chief, Heath Tarbert, appears to be carrying forward the pro-crypto/pro-blockchain approach established at the CFTC by his predecessor, J. Christopher Giancarlo. Tarbert told reporters at CNBC in a recent interview that he has a favorable opinion of “blockchain”… Read More

Bitcoin Sinks. Is Bakkt the Cause?

Bitcoin rapidly deflated today. The world’s most popular crypto is now trading under USD $9000 (~$8700  $8400). At one point today, BTC tanked about USD $1000. So what’s the cause? A portion of the chatter claimed that Bakkt’s much-heralded launch this week was much ado… Read More

CME Seeking to Launch Options on Bitcoin Futures in 2020

CME Group, also known as the Chicago Mercantile Exchange, has announced it is seeking regulatory approval to launch options on its Bitcoin futures contracts in Q1 2020. According to the relevant release: “CME Group, the world’s leading and most diverse derivatives marketplace, today announced it… Read More

Square Fills Out Crypto “Bitcoin Dream Team” with Three New Hires

Financial services company Square Inc. (NASDAQ:SQ), co-founded in 2009 by Jim McKelvey and Twitter’s Jack Dorsey, has announced three new hires to the company’s Bitcoin-services development division. According to the company, Wallace is a former developer from Lightning Labs, the company behind the Lightning Network,… Read More

Ohio Man Imprisoned for Selling Fake IDs for Bitcoin

A 35-year-old man from Toledo, Ohio, has been sentenced to one-year-and-a-day in prison and three years of supervised release for, “manufacturing fake IDs in a large-scale scheme funded in part with Bitcoin cryptocurrency,” Toledo Blade reports.  Aaron Kuns was sentenced on Wednesday, September 18th, after… Read More

Redditor Claims to Have Lost Banking and All Access to Credit Following Bad Bitcoin Deal

A user of the Internet forum site Reddit claims his bank’s reaction to a Bitcoin deal gone bad has, “ruin(ed)” him: “TLDR (summary) – sold small amount of BTC on local bitcoins, Barclays bank closed my account, accused me of fraud and now I can’t… Read More

VanEck and SolidX Withdraw Bitcoin ETF Proposal at SEC

VanEck and SolidX have withdrawn their request to the SEC for a rule change that would have allowed the Cboe BZX Exchange to list retail shares issued by the VanEck SolidX Bitcoin Trust. The application for the rule change was first filed January 30th of this… Read More

US Army Solicited Blockchain-Forensics Cloud-Service Contractors This Summer

The US Army’s Contracting Command (ACC) division in New Jersey took proposals this summer from providers of cloud-based blockchain forensics services. Blockchain forensics is a relatively new field that involves creating tools for the monitoring, tracing, and scraping of data from cryptocurrency networks like Bitcoin… Read More

Ray Youssef: Paxful CEO Discusses the Role of Peer to Peer Bitcoin Finance in the Global Economy

Ray Youssef, the CEO at Paxful, a leading peer-to-peer (P2P) Bitcoin marketplace and money translator service, recently shared his views and insights about the importance of providing quality financial services to the world’s unbanked (and underbanked) population. Youssef, a history graduate from Baruch College and… Read More

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