Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous
Oct18

Global Crisis Looms as IMF Report Cites Its Own Policy as Dangerous

In a new report by the International Monetary Fund (IMF) entitled “Global Financial Stability Report: Lower for Longer,” the group gives an overview of the current debt-ridden and precarious state of affairs in global economics. Not lost on some economists, however, is the irony that these modern realities are the direct result of policies historically supported by the IMF itself. Also Read: IMF Has Another Trick Up Its Sleeve When...

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SEC Wants Second Look at Bitwise Bitcoin ETF Proposal
Oct18

SEC Wants Second Look at Bitwise Bitcoin ETF Proposal

The U.S. Securities and Exchange Commission (SEC) is reviewing its order issued last week pertaining to a rejected proposal for a bitcoin exchange-traded fund (ETF). The proposal was filed by NYSE Arca for the Bitwise Bitcoin ETF Trust. Meanwhile, the SEC is also evaluating a proposed rule change for a different type of bitcoin ETF. Also read: SEC Rejects Another High-Profile Bitcoin ETF Proposal ETF Order Stayed The SEC has sent a...

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Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi
Oct17

Alleged Las Vegas Scammer Charged for $11 Million Crypto Binary Options Ponzi

A Las Vegas man is charged with raising at least $11 million from cryptocurrency investors he promised to trade binary options for, and make gains of up to 300%. According to the charges the money was sent from new clients to previous ones in a classic Ponzi scheme manner. Also Read: Binance to Add Bitcoin Cash to Its Decentralized Exchange CFTC Charges Las Vegas Man in $11 Million Fraud The U.S. Commodity Futures Trading Commission...

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Bitpanda Launches Quick Payment Service for Fiat Settlement

Viennese cryptocurrency exchange Bitpanda has launched Bitpanda Pay, a service designed to let users transfer funds directly from their Bitpanda accounts into EU bank accounts and to pay their bills. Announced in an official blog post on October 16, 2019, the new service lets customers send funds from their exchange accounts to any International Bank Account Number (IBAN), the standard numbering system for bank accounts in Europe....

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SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom
Oct17

SLP Token Ecosystem Built on Bitcoin Cash Continues to Blossom

The Simple Ledger Protocol (SLP) has come a long way since its inception and more than 4,900 SLP tokens have been created to date. During the last few months, SLP usage has grown significantly with people constructing various types of unique ideas that create more use cases for these token concepts. Also read: SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry Close to 5,000 SLP Tokens Created...

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Blockstream Green Wallet Adds Early Access Tor Integration

Privacy and a clean UX design have often been at odds in cryptocurrency apps. But there’s no reason why a bitcoin wallet app can’t have both.  Blockstream’s newest version (3.2.4) of its bitcoin wallet, Blockstream Green, is a legitimate step forward in combining these two attributes that have previously proven to be far more complex to deploy simultaneously. A Tor Bitcoin Wallet for iOS Apps Within this newly updated version of the...

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BlockFi Introduces Institutional Services for Digital Assets

BlockFi, a nonbank lender of crypto assets, has announced that it’s opening a new platform for institutional investors.  BlockFi Institutional Services is set “to give market-makers, funds, exchanges, and family offices access to enterprise-grade financing solutions for digital assets,” according to the company. Digital Assets Services for Institutional Investors The drive to serve cryptocurrency investors with institutional options...

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104 Addresses Hold 70% of Tether, Research Reveals
Oct17

104 Addresses Hold 70% of Tether, Research Reveals

The ownership of tether (USDT) turns out to be quite concentrated. According to a recent report, a few addresses control the bulk of the stablecoin, which is widely used by bitcoin traders. The finding comes on top of fresh accusations of creating a bubble levied in a lawsuit against tether’s operators. That adds to the persistent critique that the coin isn’t backed one-to-one with U.S. dollars as previously claimed. Also read:...

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Cartoon: Retail Blues

Despite the promises that bitcoin will be used for everyday purchases, many businesses that were initially bullish have stopped accepting cryptocurrencies (e.g., Expedia). Instead, many think they can turn to “blockchain” to improve their own business systems (e.g., reducing credit card fees and managing loyalty programs). Further Reading: Op Ed: Is the Age of Bitcoin-Powered Discounts Finally Upon Us? The post Cartoon: Retail Blues...

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Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto
Oct17

Bitcoin ATM in Miami Airport Raises Questions About Traveling With Crypto

Miami based bitcoin ATM maker Bitstop has recently installed Miami International Airport’s first crypto ATM, according to a press release issued October 15. The installation adds to the 106 machines the company has already placed across the U.S. Further, it raises important questions about the benefits and legality of traveling with crypto in lieu of cash, when it comes to declaration of assets. Also Read: Where US Regulators Stand on...

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Smart Contract Blockchains Are Struggling to Scale
Oct17

Smart Contract Blockchains Are Struggling to Scale

Second generation blockchains were presented as being faster, cheaper, and more scalable than Bitcoin. Third generation chains (basically anything that came after Ethereum) promised even greater optimizations. In the event, these networks have run into the same difficulties as Bitcoin, with competition for scarce resources leading to mounting costs and congestion. To tackle these problems, an array of scaling solutions has been...

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Binance to Add Bitcoin Cash to Its Decentralized Exchange
Oct17

Binance to Add Bitcoin Cash to Its Decentralized Exchange

Already widely available for trading across the world, bitcoin cash continues to expand into new markets and platforms. The latest venue where users can soon exchange the cryptocurrency is Binance’s decentralized exchange. The system will feature a token pegged to BCH issued on Binance Chain. Also Read: Binance Launches Peer-to-Peer Trading in China Binance DEX to List Bitcoin Cash Pegged Token The head of the world’s largest crypto...

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‘Why Are You Afraid?’ – Watch Roger Ver Debate Nouriel Roubini on Cryptocurrency
Oct17

‘Why Are You Afraid?’ – Watch Roger Ver Debate Nouriel Roubini on Cryptocurrency

Starting a debate by calling nearly everyone in the room “economically illiterate” doesn’t usually end well for someone attempting to persuade an audience, but that’s just what American economist Nouriel Roubini did on Tuesday, in his debate with Bitcoin.com Executive Chairman Roger Ver. The 40-minute, high-energy volley of arguments and ad homs is as entertaining to watch as it is enlightening. Also Read: Street Artist Pascal Boyart...

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Meet Be.cash: An Offline Bitcoin Cash Sending Tool
Oct17

Meet Be.cash: An Offline Bitcoin Cash Sending Tool

On October 13, software developer Tobias Ruck showed off a demo of an offline bitcoin cash (BCH) wallet tool called Be.cash. The concept provides individuals with the ability to send and sign a BCH transaction without internet service. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance Be.cash: A Tool for Sending and Signing Bitcoin Cash Offline Since the inception of cryptocurrencies, detractors have always said...

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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies
Oct16

Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky 17% of Polled Students Have Had...

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