21-AUG-2019

2 months ago

Authorities Seize Crypto Mining Equipment from Nuclear Power Plant – via Coindesk
Ukraine’s top law-enforcement and counterintelligence agency uncovered crypto mining equipment on site at a nuclear power plant. According to local media reports, the Security Service of Ukraine (SBU) confiscated six Radeon RX 470 GPU video cards, a motherboard, power supplies and extension cords, a USB and hard drive, and cooling units installed in the South Ukrainian Nuclear Power Plant on July 10.

2 months ago

World’s Largest Crypto Trading Competition Announces 600,000 USDT Prize – via Cryptodaily
SnapEx, a new cryptocurrency contract trading platform, is launching ​World Trading Grand Prix​ – a 4-week long crypto contract trading tournament from 9th August to 5th September with a total cash prize worth up to 600,000 USDT*, a Porsche 911, a Porsche Boxster, and a Range Rover up for grabs. The tournament consists of three big events and is supplemented with four smaller campaigns for both individual and group participants, with ​prizes ranging from 10 USDT to 100,000 USDT per event​. Incentives for the smaller events include prizes for referrals and deposits, enabling users to receive free SNAP points (which can later be redeemed with USDT).

2 months ago

New Flexa Tech Will Let You Spend Bitcoin From Other Apps Too – via Coindesk
The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds. The company raised $14.1 million in a private sale of FXC tokens in April.

2 months ago

World Bank raises additional AUD $50M Via Blockchain bond – via Bitcoinist
Blockchain proves once again that it is a must-have technology for financial institutions at all levels. Last week, the World Bank raised an additional AUD 50 million ($33.8 million) through its blockchain-based Kangaroo bond, called bond-i.

2 months ago

Gemini Heads Down Under With Crypto Exchange Launch in Australia – via Coindesk
Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia. The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. The startup, founded by investors Tyler and Cameron Winklevoss, is also making available its iOS and Android application to this market.

2 months ago

Economy in Worse Shape Than 2007, Says Morgan Stanley – via beincrypto
Leading economic indicators are pointing to disaster according to a recent report by Morgan Stanley. The banking giant released statistics showing that the U.S. and global economy are in worse shape than they were prior to the 2008 economic collapse.

2 months ago

Bitcoin addresses of Chinese ‘drug kingpins’ blacklisted by US Treasury – via AMBCRYPTO
Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert financial institutions to drug trafficking-related financial schemes. The U.S. Department of Treasury released a detailed post that highlighted, “Information in the advisory will assist them (FinCEN) in detecting and reporting related criminal activity.”

2 months ago

Source Says Tether Could Release Yuan-Backed Stablecoin Through Belgian Bank – via UsetheBitcoin
According to Zhao Dong, an over-the-counter (OTC) trader in China, said that Tether is working on a stablecoin that would be pegged to the Chinese renminbi. As reported by CoinDesk, Dong shared this information on WeChat on Wednesday. The new digital currency backed by the Chinese renminbi is expected to be called CNHT.

2 months ago

US, France, and Germany Dominate Bitcoin Nodes By Country – via NEWSBTC
Among the many reasons that make Bitcoin unique, is that it’s designed to be a global currency accessed by anyone, anywhere, without restriction. Because of this, the first-ever crypto asset is used across the world in different capacities, affected by culture, economic conditions, regulation, and more. A new study reveals how Bitcoin nodes are distributed across the globe – full clients running the Bitcoin network and distributing all transactions that have been added to the blockchain.

2 months ago

Funding Terrorism with Cryptocurrencies Is on the Rise: Report – via U.TODAY
The Middle East Media Research Institute (MEMRI) has recently released a 200-page report entitled The Coming Storm: Terrorists Using Cryptocurrency offers an in-depth look at the connection between cryptocurrencies and terrorism. It reveals that jihad organizations are actively promoting the use of the newfangled asset for funding purposes.

2 months ago

Travelport, IBM Collaborate on Blockchain for Hotel Commissions – via Coindesk
Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies. According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle of a booking on the blockchain,” to reduce the amount of payment disputes.

2 months ago

Africa could emerge as the battleground between Facebook and China as digital currency race heats up – via AMBCRYPTO
Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history. What is missing however from the news cycle are the opportunities Libra’s launch may afford to many, including Africa, a continent of over 1.2 billion.

2 months ago

Isreali Bitcoin Investors Want Banks to Publicize Cryptocurrency Policies – via beincrypto
Isreali Bitcoin holders are decidedly taking things into their own hands, seeking legal action against local banks who refuse to open accounts for those dealing in cryptocurrencies. A new petition demands that all banks make public their policies regarding cryptocurrencies.

2 months ago

Tether continues to deny Bitcoin price manipulation, despite data suggesting otherwise – via AMBCRYPTO
Tether plays a very crucial role in providing liquidity to the crypto-market and despite several other stablecoins being available, it is certainly the king with over 90% market dominance in the stablecoin market. However, Tether has been marred in controversies recently, be it their claims about USDT supply being 100% backed by the US dollar or the accusations of Tether manipulating Bitcoin prices.

2 months ago

You Can Now Earn Bitcoin Rewards for Postmates Purchases – via Coindesk
Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli. The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli’s rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in the last 30 days alone per Crunchbase.

2 months ago

Bitcoin And Cryptocurrency Markets Suffer As India Reviews Crypto Ban – via Cryptobriefing
The overall market is also seeing strong losses, most notably ETH, which has fallen back to its weekend price. The heaviest losses in the top-40 were registered by Chainlink (LINK), Ontology (ONT), Monero (XMR) and Dash (DASH), which fell by more than 8% so far. The rest of the market is not far behind. Overall sentiment, as measured by theTie.io, has also taken a plunge and now hovers around neutral levels.

2 months ago

South Korea’s Woori Financial Teams up with Kakao’s Crypto Payments Group – via Coindesk
Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services. Group Chairman Chairman Son Tae-seung made the announcement on the 21st at the company’s headquarters in central Seoul, some reports said. Further detail appeared in Shin-A Ilbo, CoinDesk Korea, and other publications.

2 months ago

Everex US receives Money Service Business license for crypto-to-fiat exchange – via AMBCRYPTO
Beating the general narrative of crypto resistance from the U.S. government, Everex, the payments and trading platform just announced the issuance of “full Money Transmitter (MSB) License” from the New Jersey Department of Banking and Insurance. The information was brought to light through Everex official Twitter handle.

2 months ago

Crypto Asset NYM to Fuel Test of Tokenized Facebook Login Alternative – via Coindesk
Privacy-focused Nym Technologies unveiled new code this week for its decentralized identity system. It’s slated for testnet launch this fall. On Tuesday at the Web3 Summit in Berlin, Nym CEO Harry Halpin said the technology represents “the next generation of privacy infrastructure” not just for blockchains but for the entire web. Indeed, one of the key features of the Nym network, according to Halpin, is that it is blockchain-agnostic.

2 months ago

Litecoin’s Charlie Lee informs community about MimbleWimble implementation, teaming up with Grin++ developer – via AMBCRYPTO
Litecoin’s halving-hype died down, and so did the FOMO. This did not stop the cryptocurrency from getting tangled in more fundamental issues. There was a significant drop in developer activity on the Litecoin network, something pointed out by Electric Capital’s research earlier this year. It resulted in Litecoin’s community manager, Ilir Gashi, pointing out irregularities in the analysis and Litecoin creator Charlie Lee refuting claims about the project “being abandoned” by its developers.

2 months ago

RippleNet-Xendpay teams up to open up new corridors – via AMBCRYPTO
Ripple has been touted as a disrupter in many ways to the legacy remittance service platforms; with the partnership with London-based remittance firm, Xendpay, Ripple is all set to extend the former’s initiative of ‘optional transfer fees’, where customers are given an option to waive fees with a service called Pay What You Want.

2 months ago

SEC Approves Blockchain Tech Startup Securitize to Record Stock Transfers – via Coindesk
Securitize, a provider of technology for issuing blockchain tokens, has registered as a transfer agent with the U.S. Securities and Exchange Administration (SEC), a move it says will boost adoption. Announced Wednesday, the registration means Securitize can now act as the official keeper of records about changes of ownership in securities. While that might sound redundant given that blockchains are supposed to track asset transfers, the San Francisco-based startup says it’s expedient.

2 months ago

RBI Ignored Exchanges’ Arguments on Bitcoin Ban: Court – via NEWSBTC
The Reserve Bank of India (RBI) did not correctly respond to the presentation that could have removed the necessity of banning bitcoin trading in the country, found the apex court. The Supreme Court of India noted in a hearing today that the central bank forwarded the presentation to the government. But what it should have done is provide the exchanges with a detailed, point-by-point response. Judge Rohinton Fali Nariman ordered the RBI to respond to the same presentation in two weeks, shifting the next hearing date to September 25, 2019.

2 months ago

CommBank Develops Blockchain Market to Boost Biodiversity – via Coindesk
Commonwealth Bank of Australia (CommBank) has co-developed a blockchain marketplace that it says could support sustainable development and reward landowners for protecting the environment. Created in partnership with BioDiversity Solutions Australia (BDS), the prototype platform uses digital tokens, dubbed BioTokens, to facilitate trading of biodiversity credits for the New South Wales Government’s Biodiversity Offsets Scheme.

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