Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value
May21

Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value

Most of the top 20 cryptocurrencies are reporting moderate gains on the day, as bitcoin approaches the $8,000 mark again. Tuesday, May 21 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again. Market visualization courtesy of Coin360 Bitcoin is up over 2% on the day, trading at $7,953 at press time, according to CoinMarketCap. Looking at its...

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Terror Groups Are Increasingly Using Cryptocurrencies, Senior Russian Official Warns
May21

Terror Groups Are Increasingly Using Cryptocurrencies, Senior Russian Official Warns

Terror groups are using crypto to move money between countries, a senior Russian intelligence official has claimed. The director of Russia’s federal security service, the FSB, has warned that terror groups are increasingly being financed through cryptocurrencies, Russian news site RBK reported on May 21. FSB head Alexander Bortnikov said global terrorist organizations have been mastering the use of virtual currencies for some time,...

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Bitcoin [BTC] ETFs will be approved by the end of this year, claims ETF.com Managing Director
May21

Bitcoin [BTC] ETFs will be approved by the end of this year, claims ETF.com Managing Director

The United States’ Securities and Exchange Commission [SEC] is in the news yet again after it delayed a decision on VanEck’s Bitcoin ETF proposal. Following the development, many in the cryptocurrency community shared their lack of surprise, suggesting that until The Token Taxonomy Act was passed, regulatory watchdogs would continue to delay ETF proposals. Dave Nadig, the Managing Director of ETF.com, however, is positive about the...

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Russia Delays Adoption of Crypto Regulation Due to FATF Order to Legislate Bitcoin
May21

Russia Delays Adoption of Crypto Regulation Due to FATF Order to Legislate Bitcoin

The Financial Action Task Force on Money Laundering is requiring Russia to include the word “bitcoin” in its crypto legislation. Russia has postponed the adoption of crypto legislation due to a requirement from the Financial Action Task Force on Money Laundering (FATF), local news agency TASS reports on May 21. According to the report, the FATF has recently ordered Russian lawmakers to expand the terminology of the federal bill on the...

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Craig Wright files copyright registration for Bitcoin whitepaper; Twitterati say it’s ‘just another form’
May21

Craig Wright files copyright registration for Bitcoin whitepaper; Twitterati say it’s ‘just another form’

Craig Wright, Chief Scientist at nChain and one often referred to as “Faketoshi” for claiming to be Satoshi Nakamoto, has filed for the copyright registration of the Bitcoin whitepaper and the Bitcoin software. The Bitcoin Whitepaper titled, ‘Bitcoin: A Peer-to-Peer Electronic Cash System,’ was published by Satoshi Nakamoto, the creator of Bitcoin in 2008. In the filing, Wright claims to be the pseudonymous author Satoshi Nakamoto....

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Why JPMorgan Chase Suddenly Found “Intrinsic Value” in Bitcoin
May21

Why JPMorgan Chase Suddenly Found “Intrinsic Value” in Bitcoin

Banking giant JPMorgan Chase & Co. is not much of a bitcoin fan. The $2.63-trillion behemoth found itself on the opposite side of cryptocurrencies ever since its chief executive officer, Jamie Dimon, called bitcoin a fraud. He said in 2017 that the cryptocurrency was “not a real thing,” and will eventually die. Two years later, bitcoin is well and alive, sitting atop a $141.8 billion valuation at press time. It is likely to grow...

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Ripple: Top SABB, Induslnd Bank officials elucidate uses of new remittance corridor between Saudi Arabia and India
May21

Ripple: Top SABB, Induslnd Bank officials elucidate uses of new remittance corridor between Saudi Arabia and India

India remains on the sidelines of cryptocurrency regulation, with clarity on the subject eagerly awaited by many in India’s crypto-community. While the country is facing a potential blanket ban on crypto, Ripple shared a video hinting at India’s wider participation in the field. The clip was shared on Ripple’s official website, and detailed the launch of a new remittance corridor from Saudi Arabia to India. In the video shared by...

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Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims
May21

Worsening US-China Trade War Is Behind BTC Price Rise, Digital Currency Group CEO Claims

Barry Silbert claims the recent rise in BTC prices could be linked to the breakdown in trade talks between the US and China. The CEO of a cryptocurrency firm has suggested that the recent rise in bitcoin’s (BTC) price could be linked to the trade war between China and the United States, Fortune reported on May 20. In an interview, Digital Currency Group founder Barry Silbert noted how BTC’s acceleration coincided with talks breaking...

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ETH Stolen From Crypto Exchange Cryptopia Moved, Portion Deposited on Exchange
May21

ETH Stolen From Crypto Exchange Cryptopia Moved, Portion Deposited on Exchange

A portion of the ether stolen from hacked New Zealand-based cryptocurrency exchange has been moved. A portion of the ether (ETH) stolen from hacked New Zealand-based cryptocurrency exchange Cryptopia has been moved and deposited to a different crypto exchange, according to an analysis. Crypto Anti-Money Laundering startup Coinfirm tweeted about their findings on May 20. According to Coinfirm, 30,790 (over $7.778 million) of the stolen...

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XRP and Stellar Lumens [XLM] Price Analysis: XLM remains bullish while XRP sides with the bears
May21

XRP and Stellar Lumens [XLM] Price Analysis: XLM remains bullish while XRP sides with the bears

XRP and Stellar Lumens [XLM] collectively fell prey to price corrections, with the tokens plummeting in valuation. At press time, XRP had suffered a 0.16 percent decline and was priced at $0.395. The market capitalization was relatively unaffected and stood at $16.6 billion, at press time. XLM suffered a similar fate after it experienced a decline of 1.02 percent against the US Dollar. The trade volume was healthy and amounted to $458...

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Coinbase Commerce enables businesses to accept USD Coin [USDC] for payments
May21

Coinbase Commerce enables businesses to accept USD Coin [USDC] for payments

Coinbase, one of the largest cryptocurrency exchange platforms in the U.S. in terms of users, announced that USD Coin could be used a mode of payment by businesses using Coinbase Commerce. The announcement was made on 20 May 2019 through their official Medium blog and stated that, “accepting” the stablecoin “gives our merchants many benefits of accepting cryptocurrency, but at a stable price.” Some of the plus points include no...

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You Can Pay With BCH for Your Domain From Abaco Hosting
May21

You Can Pay With BCH for Your Domain From Abaco Hosting

Online presence is essential for any business today and especially for projects that deal with cryptocurrencies. Abaco Hosting offers this type of solutions to small and medium enterprises, and companies from the crypto industry can take advantage of its flexible payment options. They include support for major digital coins such as bitcoin cash (BCH). Also read: How to Travel the World With Bitcoin Cash Internet Services Company...

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Bitfury Partners With Kazakhstan-Based Financial Hub to Cooperate on Blockchain Projects
May21

Bitfury Partners With Kazakhstan-Based Financial Hub to Cooperate on Blockchain Projects

Bitfury teamed up with the Astana International Financial Centre to collaborate on blockchain development in the region. Blockchain tech giant Bitfury partnered with major Kazakhstan-based financial hub to apply the technology across multiple industries, local government-backed newspaper The Astana Times reports on May 21. Headquartered in Nur-Sultan, the newly renamed capital of Kazakhstan, the Astana International Financial Centre...

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Police Arrest Dutch Cryptocurrency CEO in Rumored $110 Million Fraud Case
May21

Police Arrest Dutch Cryptocurrency CEO in Rumored $110 Million Fraud Case

Tax authorities and local police have been investigating Barry van Mourik since a lawsuit in early 2018. Dutch police have arrested a former entrepreneur for fraud after alleging he conned investors in a fake bitcoin (BTC) mining operation out of €100 million ($111 million), Dutch daily news outlet De Gelderlander reported on May 21. According to reports, Barry van Mourik, who previously ran another cryptocurrency company also under...

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Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins remain bullish despite some bearish resistance
May21

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins remain bullish despite some bearish resistance

Bitcoin [BTC] has been facing a stagnant market after a brief price pullback, following BTC breaching $8,000. The 24-hour trading volume of BTC was $22 billion, as the coin traded around the $7,900-range. Litecoin [LTC] followed suit as the 24-hour volume was $3.4 billion, while the coin traded at $92.20. LTC held a market cap of $5.62 billion, at press time. 1-Day BTC chart Source: Trading View The one-day chart for BTC showed four...

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