January 26, 2020

WEF Launches Global Consortium for Crypto Governance

The WEF is creating a global consortium to develop a governance framework for cryptocurrencies, including stablecoins.
January 26, 2020

The Growing Need for Data Scientists

In just one-year job listings for “data scientist” increased by an incredible 15,000% between 2011 and 2012. The need for data scientists is expected to continue to grow as more and more data is created each day. In 2013 IBM reported that between 2011-2013 90% of the world’s data had been created just in the two years prior to that. And now it is estimated that in the next 5 years 175 billion terabytes of data will be created every day. By 2020 there will be over 2.7 million data scientist job openings to take on this massive growth.    Data science is a continually growing field and anyone can become a data scientist. According to Dr. Jenn Gamble, Director at Noodle.ai:  “You don’t necessarily need a Ph.D. to do data science – you need an aptitude for math and […]
January 26, 2020

Financial Institutions Use Stablecoins to Shake Things Up in 2020

2020 has kicked off with a lot of excitement and announcements around stablecoins. Will these top institutions and companies lead the front towards a stablecoin-ruled world.
January 26, 2020

Everybody’s Staking But Who’s Using Proof of Stake Blockchains?

The primary use case for staking blockchains is staking. That is their raison d’être, and thousands of cryptocurrency holders have utilized this provision to increase their holdings by earning staking rewards. As the total amount of staked tokens trends towards 80% for some blockchains, however, it raises questions as to what other utility these chains provide. Also read: The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors Two Thirds of All Staking Coins Are Locked Up The total market cap of all Proof of Stake (PoS) coins stands at $12.6 billion, of which $8 billion is locked up in staking wallets. Much of this occurs imperceptibly to cryptocurrency holders due to exchanges managing staking on their behalf. Store tezos on Binance, for example, and you will automatically be eligible for staking rewards. The top five staking networks by market […]
January 26, 2020

One Wallet Owns 27% of Ether Behind MakerDAO’s Sai Stablecoin

Over a quarter of all the Ether locked in MakerDAO’s collateralized debt positions belongs to a single Ethereum address
January 26, 2020

Indian Prime Minister Modi Awards Young Entrepreneur for Cryptocurrency App

India’s Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency price tracking application while the government is still deliberating on the country’s crypto policies. News.Bitcoin.com caught up with the award recipient to find out more about her app. Meanwhile, the Reserve Bank of India (RBI) is being challenged in the supreme court regarding its crypto action. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Modi Awards Creator of Crypto App While the Indian government is deliberating on whether to regulate or ban cryptocurrencies in the country, Prime Minister Narendra Modi has awarded a young entrepreneur for her cryptocurrency tracking app creation. Modi tweeted on Jan. 24: “I am delighted that the very talented Harshita Arora has been conferred the Bal Shakti Puraskar 2020 … She has been focussing […]
January 26, 2020

Crypto and Blockchain Firms Pitch In to Help Coronavirus Victims

Some cryptocurrency and blockchain firms have pledged money and resources to help victims of the Wuhan coronavirus, which has already claimed over 50 lives
January 26, 2020

Cryptocurrency News From Japan: Jan. 20–24 in Review

This week’s news from Japan includes digital currency interest from several central banks and authorities, cryptocurrency exchange Binance and more
January 26, 2020

BCH Community Leaders Bitcoin.com and Jonald Fyookball Clarify Positions on Funding Proposal

Since Btc.top founder Jiang Zhuoer revealed an infrastructure funding proposal from five major mining pools last week, which would fund BCH devs via redirection of 12.5% of BCH coinbase rewards, the Bitcoin Cash community has been understandably bustling with debate, discussion, and suggestions. Reactions have ranged from calling the move a “tax” that is incongruous with the foundational values of bitcoin, to support and ideas on how to best implement the plan. While the inundation of opinion and emotion has been noisy, a few prominent community leaders and groups with real ‘skin in the game’ have weighed in to clarify. Also Read: Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards BCH Funding Proposal in a Nutshell The infrastructure funding proposal was revealed to the community at large on January 22, via an article posted to Medium by […]
January 26, 2020

Bitcoin has Thousands of Active Code Contributors Today

The popularity of cryptocurrency projects can often be gauged by looking at developer activity In the case of Bitcoin, interesting statistics have come to light.  As more and more people take note of Bitcoin, the number of developers rises. The Development of Bitcoin is in Very Good Hands Current statistics are rather spectacular in this regard. Over 2,800 people are contributing – or have contributed to-  the development of Bitcoin today. In terms of developers, this is as decentralized as it can possibly get. It is not abnormal to see Bitcoin be of such great interest to a lot of coders. It is the world’s leading cryptocurrency and has the most potential of effectively disrupting society.  One also has to keep in mind that tracking GitHub activity is very complex. There are multiple repositories associated with Bitcoin that aren’t even […]
January 26, 2020

User Retention: The Holy Grail for DApps Moving Beyond Buzzword Status

DApps are still struggling with user retention and high app turnovers, but DeFi-focused apps might offer an avenue for greater adoption
January 26, 2020

Data Shows $25 Billion Worth of Bitcoin and Ether Held by Seven Crypto Exchanges

On January 3, 2020, a small group of crypto enthusiasts celebrated the second annual Proof-of-Keys day with hopes to get people to withdraw funds from centralized digital currency exchanges. However, exchanges holding massive amounts of BTC only saw their reserves grow larger and data shows that Coinbase now holds 1 million BTC ($8.4 billion). Crypto users are still keeping large sums of digital asset holdings on trading platforms despite the fact that 2019 saw the most exchange hacks in one year over the last decade. Also read: The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors Despite Proof-of-Keys Day, Seven Trading Platforms Have More Than $25 Billion in Crypto Reserves 2019 saw a significant amount of trading platform hacks and exchange losses according to a recent report authored by the blockchain surveillance firm Chainalysis. The company noted that even […]
January 26, 2020

A Stronger Foundation for Bitcoin ETF Applications

Which Bitcoin ETF applications will and will not be approved in the near future and why?
January 26, 2020

Companies Keep Flocking to Swiss Crypto Valley, Over 1,000 Jobs Added in a Year

Crypto Valley, a fintech-friendly region centered on the canton of Zug, has been expanding to other parts of Switzerland and neighboring Liechtenstein. Despite all the challenges facing the blockchain industry, favorable regulations and improving access to banking and legal services are attracting more and more crypto companies. Their number has increased for a third consecutive year and many new jobs have been created. Also read: Leading Swiss Stock Exchange Offers 12 Crypto Exchange-Traded Products With One That Shorts Bitcoin More Than 800 Crypto Firms Based in Switzerland and Liechtenstein Almost 100 new businesses established a presence in the Swiss Crypto Valley last year, shows a new study. Its findings were released during the CV Summit in Davos on Thursday, a blockchain-focused event that takes place during the World Economic Forum’s annual meeting. The total number of companies working with digital […]
January 25, 2020

Alexander Vinnik Has Been Extradited to France

Alexander Vinnik has been charged with money laundering and extortion by French authorities. Vinnik Will Spend More Time Behind Bars Vinnik is believed to have laundered as much as $4 billion worth of bitcoin through a now defunct cryptocurrency exchange known as e-BTC. He was later arrested in 2017 while vacationing in Greece with his family per the requests of legislators in the United States. At that time, Vinnik was facing charges in both the U.S. and Russia. At 39 years of age, Vinnik has established quite a criminal reputation. Aside from facing charges in France, he is also potentially set to face trial in both the U.S. and Russia, meaning his crimes could see him being sentenced in three separate countries. Vinnik has consistently stuck to claims the he is innocent; that he merely served as a technical consultant […]
January 25, 2020

Tax Agencies Step Up Efforts to Hone in on Crypto Tax Evasion

Industry commentators speak out over the shrinking anonymity in crypto: “There was no chance that such a growing industry would escape unnoticed”
January 25, 2020

World Economic Forum Looks to Regulate Cryptocurrency

The World Economic Forum has announced it’s assembling a firm of experts from both the public and the private sectors to assist in developing cryptocurrency guidance and regulation. Cryptocurrency Is Getting Global Support The organization will be made up of central bankers, entrepreneurs, blockchain analysts and others who will seek to utilize their knowledge of cryptocurrency trading to establish lasting legislation. Interestingly, reactions to the news have been divided, with some claiming that the move is a powerful first step towards bringing crypto closer to mainstream territory. Others say it’s likely to present even more problems down the line. One fan of the initiative is Mark Williams, a professor who teaches fintech at Boston University. He explained: This announcement is a further indication that the economic elites are no longer ignoring the innovation behind cryptocurrencies and blockchain technology. However, some […]
January 25, 2020

The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors

In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in New Zealand that allegedly have links to the Onecoin operation and founders. Also read: Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles After Onecoin Operations Implode in Cairns, Investors Accept They Were Scammed In 2014, Ruja Ignatova, Sebastian Greenwood, and Konstantin Ignatov launched a project called Onecoin and allegedly acquired $4 billion from investors unlawfully. Ignatova and her cohorts claimed that Onecoin was a legitimate cryptocurrency and the project followed the coattails of the crypto hype up until mid-2019. Multiple reports had disclosed that there was no blockchain behind Onecoin and the product was merely a multi-level marketing (MLM) […]
January 25, 2020

Bitcoin is the Only Asset With “Sharpe Ratio” More Than 1: PlanB

Bitcoin Twitter commentator PlanB has claimed that BTC is the only asset that has a Sharpe ratio of greater than 1. The Sharpe ratio describes the increased rate of return received for the extra volatility sustained when holding a riskier type of asset. Risk vs. Reward To understand the Sharpe ratio, one must take into consideration the returns of holding a risk-free asset, compared to holding a riskier asset with higher returns. In this case, a risk-free asset is considered something like a US treasury T-Bill, which is backed by the full faith and credit of the US government, along with the world’s largest economy. The Sharpe ratio is the difference between the returns of the higher-returning, more volatile assets when compared to the risk-free, much lower returns of a safer asset like US T-Bills. It is important to note […]
January 25, 2020

Blockchain and 5G: Greatest Promise Is to Transform the Developing World

How and why the developing world could benefit from the new technological hybrid: blockchain and 5G?
January 25, 2020

Litecoin Founder Charlie Lee Proposes Miner Donations

A 1% donation of the block reward to fund Litecoin (LTC) development – this is what Charlie Lee, the coin’s founder, proposes as a solution to underfunded initiatives. Litecoin Miners May Afford to Support Development with 1% Fee Litecoin miners, which also take rewards for Dogecoin and other Scrypt-based algorithms, can afford to share some of their block rewards, commented Lee. 1/ I think a better way to fund development is mining pools voluntarily donate a portion of the block reward. How about Litecoin pools donate 1% (0.125 LTC) of block rewards to the @LTCFoundation? If every miner/pool does this, it amounts to about $1.5MM donation per year! — Charlie Lee [LTC] (@SatoshiLite) January 24, 2020 The Litecoin Foundation, one of the most prominent development entities, has gone through funding deficits, seeking other ways to survive the effects of the […]
January 25, 2020

Litecoin Creator Proposes Miners Voluntarily Donate 1% for Development

Litecoin’s creator Charlie Lee proposes mining pool donations as a solution to funding issues
January 25, 2020

Bosch Files a Patent for Digital Payments on IOTA

Patent filings pertaining to blockchain technology tend to generate a lot of buzz. Bosch, a well-respected company, is now filing a patent for a digital payment system on IOTA. Most people know that IOTA uses different technology compared to other cryptocurrencies. Another IOTA Patent Filing Appears The Tangle has proven to be of great interest for various companies. Bosch is one of those firms effectively filing patents for projects built on top of IOTA. This new filing primarily focuses on building a digital payments system. That is an interesting option, as Bosch is a well-known manufacturer of various pieces of hardware. Exploring payments in between such devices would be a great boon for the IoT industry.  As far as patents involving IOTA are concerned, over 110 filings have been recorded to this date. It is evident that the developers of […]
January 25, 2020

Does the Lunar New Year Spell Doom for Bitcoin?

Analysts are warning bitcoin traders that volatility may strike this coming week. Is Bitcoin About to Drop Further? The weekend marks the Lunar New Year in China, and celebrations are likely to occur amongst the nation’s people. Typically, this marks a period of heavy bitcoin and cryptocurrency use amongst people returning home for the holiday, but this year is a little different. China has been marred by a coronavirus outbreak for the past several days. Allegedly passed on from snakes, the virus has taken the lives of more than 20 people and has caused several cities to fall under quarantine. Many believe that this virus will lessen the number of celebrations allegedly poised for this weekend, and if that occurs, bitcoin will not get the reception it usually does this time of year. If usage falters amongst Chinese residents, many […]
January 25, 2020

CV Summit United Blockchain Leaders and Enthusiasts in Davos

If you wanted to talk crypto at Davos, you mostly needed to attend the World Economic Forum’s unofficial side events
January 25, 2020

Can Bitcoin Price Hit $424,000 Sometime in Late 2021?

YouTube bitcoin and crypto price analyst Benjamin Cowen yesterday released a new video examining the BTC 20-week moving average (20MA) as a macro-level market indicator. What does it say?  Bitcoin Price: Support or Resistance Based on historical data, when the 20MA is acting as support for BTC price, Bitcoin has tended to be in an extended bull market. Conversely, the times that 20MA has acted as resistance against the upward movement in Bitcoin price, have been during bear markets. In the last market cycle, the Bitcoin price broke above the 20MA in June 2015. However, it didn’t stay above this level, until 33 weeks later in February 2016, thereafter creating support. In this present cycle, we first broke above the 20MA in March 2019. We stayed above this level without needing it as support for about 26 weeks, then dipped […]
January 25, 2020

Leading Swiss Stock Exchange Offers 12 Crypto Exchange-Traded Products With One That Shorts Bitcoin

Switzerland’s principal stock exchange, SIX Swiss Exchange, now has 12 cryptocurrency exchange-traded products listed. The latest addition, the 21shares Short Bitcoin, allows investors to profit from falling prices of the digital currency. Other listed crypto products include those that track the price movements of BCH, BTC, ETH, XRP, BNB, and tezos. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies Newest Addition: An Inverse Product SIX Swiss Exchange has listed an inverse bitcoin exchange-traded product (ETP) issued by fintech company Amun AG. The company announced on Thursday that this product “is the first short or inverse product of its kind using a digital asset as the underlying for an ETP structure.” The product “tracks the opposite performance of bitcoin to give investors an easy, cost-effective and convenient way to gain exposure in […]
January 25, 2020

Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies 1,000+ Licenses Granted to Miners An official with Iran’s ICT Guild Organization, Amir Hossein Saeedi Naeini, has revealed the state of the country’s cryptocurrency mining industry, the Financial Tribune reported Friday. In an interview with Ibena publication, he said that cryptocurrency mining is a new industry but many people have been attracted to it in Iran. Noting that miners need to obtain a license, he shared: The Ministry of Industry, Mine and Trade has issued more than 1,000 licenses for cryptocurrency mining […]
January 25, 2020

Bitcoin is the Most Popular Crypto Asset Amongst Investors

The Bitcoin and crypto market cap figures that we get from CoinMarketCap, whilst being infinitely more reliable than its data on daily volumes, just tell us how much of each particular cryptocurrency is out there. But with vast swathes of these tokens being held by early adopters, whales, exchange wallets, or just forever lost, it doesn’t answer the question. Just which cryptocurrencies are investors actually holding in their portfolios? Market Cap vs Dominance and Popularity Fortunately, the team behind the Shrimpy Portfolio Management app has dug into their extensive sample data to give us a snapshot. Ignoring market cap, we will instead look at the dominance of Bitcoin and cryptocurrencies within portfolios and their popularity. The dominance indicates the average weighting of a cryptocurrency within the portfolios. This ignores the relative values of the portfolios. So a $100 million portfolio […]
January 25, 2020

Bitcoin ‘Needs More’ PR from People Like Peter Schiff: Binance CEO

Peter Schiff continues to see his Bitcoin criticism backfire after his BTC wallet password fiasco
January 25, 2020

Analysts Remain Bullish On Bitcoin Despite The Current Pause In The Bull Trend

Analysts remain bullish about Bitcoin (BTC) and the future of cryptocurrencies. Peter Brandt, one of the most recognized experts and chartists in the industry, showed that Bitcoin is […] The post Analysts Remain Bullish On Bitcoin Despite The Current Pause In The Bull Trend appeared first on UseTheBitcoin.
January 25, 2020

Nedbank Not Looking to Shut Down Crypto Exchange Bank Accounts

Contrary to reports, prominent South African bank, Nedbank is not considering closing down accounts belonging to crypto exchanges in the country. Nedbank Not Taking New Digital Asset Exchange Customers According to South African crypto news outlet SACrypto, reports stating that Nedbank is planning to shut down bank accounts of crypto exchanges are false. Commenting on the situation, Richard De Sousa, the CEO of AltcoinTrader, one of South Africa’s crypto exchange platforms remarked: I commented in the IT Web article about Nedbank closing crypto accounts. But I believe it has turned into media hype. The reality is: Nedbank are no longer taking on new accounts for crypto related companies, but they are not closing current accounts. As previously reported by Bitcoinist FNB closed down accounts linked to cryptocurrency exchanges in November 2019. However, stakeholders at major South African crypto exchanges say […]
January 25, 2020

Bitcoin Risk-Return a ‘Different Beast’ Compared to Amazon: Analyst

Bitcoin’s risk returns are an order of magnitude more favorable to investors than Amazon stocks, new data reveals
January 25, 2020

Bitcoin’s Github Community Now Boasts of 3000+ Members

According to recent data by GitGitRun.com, Bitcoin’s Github community has now has more than 2800 members, with some speculating that the real member count has gone past 3,000. Bitcoin Github Community on the rise Github is quite well-known for being an online developer hub, where experts and amateurs alike can join forces, host and review codes, manage projects, build software together, and more. This is a place where any code can be taken apart, thoroughly investigated and studied, and then improved, if there is a need for an unofficial intervention. However, with a platform like that, it would be hard to imagine that the concept of digital currencies — money that is nothing but code underneath the surface — did not attract the developers’ attention. Bitcoin, in particular, stands in high regard due to its unique nature and a promise […]
January 25, 2020

This Ripple Backed Firm is Eyeing Indian Market Dominance

MoneyGram, the cross-border payment system backed by Ripple, will aim to become a leader in carrying remittances for the Indian market. Ripple Backed MoneyGram Aims for Bigger Share of the Indian Remittances Market After forming a strategic partnership with EbixCash, MoneyGram will aim to grab the biggest market share in India, reported The Hindu Business Line. Cross-border payment systems help the Indian economy connect to worldwide services, and MoneyGram aims for a larger part of that market. But so far MoneyGram has met problems spreading to the Indian market, commented Alex Holmes, chairman, and CEO of MoneyGram. The partnership with EbixCash will solve the “last mile” problem of money transfers. EbixCash is one of the vastest fintech networks, encompassing multiple preloaded, utility and general payment services. MoneyGram is one of its latest partners, and thus connects India’s payment ecosystem with […]
January 25, 2020

OneCoin Accomplice Requests Sentence Postponement

According to a recent letter filed by Mark Scott’s counsel, the OneCoin co-conspirator is trying to get his sentencing postponed until the 21st of April. The crypto space is filled with reports of scams, most of which took place back in the days when Bitcoin was surging towards its all-time high of $20,000. One fraud that started in 2016, slightly before the famous surge, involved a company called OneCoin, whose conspirators were since arrested and put on trial. The co-conspirator, Mark Scott, was already convicted back on November 21st, 2019. The court found him guilty on two counts — conspiracy to commit bank fraud, and the conspiracy to commit money laundering.  All that remains is for him to be sentenced, which was supposed to take place on February 21st of this year. However, before that happens, the court has given […]
January 25, 2020

Crypto and the Latency Arms Race: Market Microstructures

Max Boonen, CEO of market maker B2C2, looks at recent trends in crypto market infrastructure.
January 25, 2020

‘Nothing Special’ — Bitcoin Slumps 6% on Coronavirus, Chinese New Year

China is still impacting Bitcoin, according to analysts, as price action turns negative in the wake of coronavirus and new year celebrations.
January 25, 2020

SEC Goes Head-to-Head With Telegram, Makes a Guinea Pig of TON

In its amicus brief, the CDC has expressed concerns regarding the SEC’s use of dated legal precedents to govern digital assets
January 25, 2020

Japan may Explore a CBDC but the Rumors are Contradictory

Japan has positioned itself as an interesting region for cryptocurrency activity. This also means that the country may be issuing its own digital currency in the near future.  For now, there are nothing more than actual. Does Japan Even Need a CBDC? However, several domestic reports indicate that a CBDC in Japan may come sooner than some expect.  Japanese officials have indicated this form of money can be beneficial to the domestic economy.. Compared to other countries, Japan is well ahead in terms of embracing innovative technologies. That also applies to financial solutions and instruments alike. Rumor has it that this CBDC is a venture between the Japanese government and various private companies. As is usually the case with rumors, there is a lot of conflicting information. Some sources even go as far as shutting down this entire idea as […]
January 25, 2020

Bitpay Users Can Now Purchase Crypto With Fiat In-App

On January 23, the cryptocurrency payment firm Bitpay announced it will be allowing customers to purchase digital assets using the Bitpay platform. The Atlanta-based company partnered with fiat-to-crypto payment processor Simplex to offer the crypto purchasing experience. Bitpay says the latest feature will provide an “all-in-one solution” for cryptocurrency-related activities. Also Read: Bitcoin.com Partners With Mecon Cash, Enabling Withdrawal at ATMs Across South Korea Bitpay App Now Allows Crypto Purchases Bitpay has been a leading cryptocurrency payment processor since the firm was founded in 2011 by Stephen Pair and Tony Gallippi. From 2011 until 2018, Bitpay only accepted BTC payments for invoices and settlement. However, in the spring of 2018, bitcoin cash (BCH) was added to the company’s services. Bitpay now supports BTC, BCH, ETH, and three different stablecoins. During the first month of 2020, Bitpay announced XRP integration and […]
January 25, 2020

Peter Brandt Remains Bullish on Bitcoin

Peter Brandt is one of the most popular Bitcoin analysts on Twitter. In the last 24 hours Brandt has made a bullish case for BTC, which counters many who thought the market would slump because of Chinese New Year. Bitcoin Could Hold, Says Brandt Charts are constantly morphing. The idea of drawing a chart boundary definition to be fixed forever was discounted by serious traders 80 years ago. Often, the exact configuration is clear only after the fact. #FACT — Peter Brandt (@PeterLBrandt) January 24, 2020 In a rare glimpse into the mind of a trading veteran who has survived and thrived in the markets for 40 years, Peter Brandt, in this Tweet, offers zen-like sage advice to fellow traders. Brandt argues that a re-test of the breakout we’ve had on the top of a year-long downward channel is normal […]
January 25, 2020

Doomsday Clock Nears Midnight, Time to Buy Bitcoin?

The Doomsday Clock is now closer than its ever been in its 73 year history to spelling out the total destruction of mankind. Surely it must be Bitcoin o’clock now?  The world’s experts sound the alarm Amid the rumors that Bitcoin and other Proof of Work (PoW) cryptocurrencies are unsustainable drains on the environment which consume too many resources, The Bulletin of Atomic Scientists has updated the famed Doomsday Clock to 100 seconds closer to midnight. The Panel of Nobel Laureates cited climate change and the risk of nuclear war as the two primary reasons to sound the alarm. It’s 100 seconds to midnight. The closest since 1953, at the height of the Cold War. The Bulletin of Atomic Scientists is a non profit organization focused on global security and climate issues caused by technological advance. They originally instituted the […]
January 25, 2020

Alexander Vinnik Accused of Laundering Billions Through BTC-e Extradited to France

Alexander Vinnik, the Russian-born IT specialist who spent over two years in detention in Greece, where he was arrested on a U.S. warrant, is now in Paris. The alleged BTC-e operator, suspected of laundering at least $4 billion through the now defunct crypto exchange, has been handed over to France after the Greek judiciary turned down a plea against his extradition. Also read: Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations From a Greek Hospital to a French On Thursday, law enforcement officials took Alexander Vinnik from a Greek hospital away in an unknown direction, Russian news agency RIA Novosti reported. That happened right after the Council of State, the highest administrative court in Greece, published its decision to dismiss a complaint filed by Vinnik’s lawyers against his extradition to France and the United States. Ekaterina Sakellaropoulou, the court’s […]
January 24, 2020

Is Tron’s DApp Market Dependent on Gambling?

Tron’s most popular DApps fall in the gambling sector, while other top Tron DApp categories post little volume
January 24, 2020

Beware of the IRS, H&S Warns its Crypto Customers

U.S. tax preparation company H&R Block is advising its customers not to consider evading the Inland Revenue Service (IRS) by not reporting their cryptocurrency transactions  Don’t Worry About Accuracy, Just Report Crypto Taxes According to Yahoo Finance, H&R Block has told its crypto-owning customers to heed the IRS’ call for crypto tax compliance. In new guidelines shared by the company, the U.S. tax preparation firm encouraged its customers to try and take the initiative concerning the filing of their crypto tax returns. Commenting on the matter, Kathy Pickering, chief tax officer at the company, remarked: The IRS is looking for people to self-report. They’re looking for you to come forward, and they’ll be more lenient, even if you don’t get it right, if you’re disclosing. As previously reported by Bitcoinist, the IRS has stepped up efforts to ensure stricter compliance […]
January 24, 2020

ConsenSys to Build Global Trade Platform for Agribusiness Giants

ConsenSys will be developing an Ethereum-based platform to digitize the post-trade finance industry for a foundation of agribusiness giants including Cargill
January 24, 2020

Amun AG Unveils New Bitcoin Tracking Feature

A new kind of bitcoin exchange-traded product (ETP) is available for enthusiasts and hardcore traders to enjoy. Switzerland-based venture Amun AG has unveiled its new 21Shares Short Bitcoin ETP set to be traded on the Swiss SIX Stock Exchange. Amun Has Set Its Sights on Predicting Bitcoin’s Next Move The Short Bitcoin ETP is a tracker that claims to monitor the “opposite performance” of bitcoin. In other words, wherever bitcoin is going at press time – either up or down – the product will examine how things can change. If bitcoin is traveling north, the tracker will look to see what could happen that might ultimately lead to bearish activity, whereas if bitcoin is traveling south, the product will look to see if things could change and potentially become more bullish. This is designed to give institutional investors a break […]
January 24, 2020

Bitcoin Burglars on the Run After Mayfair Store Robbery

In a daring pre-dawn raid, two thieves were able to enter a liquor store in Philadelphia’s 15 precinct on Frankford avenue, and ransack a Bitbox Bitcoin ATM machine. The thieves were able to pilfer the cash box inside the machine, in front of the terrified store employees. A Brazen Heist The city has seen yet another Bitcoin related crime, this time the two assailants entered a convenience store in the pre-dawn hours around 5:50 am on the 7200 block of Frankford ave, in Philadelphia’s 15th precinct. One of the assailants or perhaps the driver of the getaway car itself, can be seen entering the business and purchasing a soft drink in order to scope out the location and make sure the coast was clear for the heist. This individual was so brazen he didn’t even attempt to conceal his identity […]
January 24, 2020

Effect of CME Futures Options on BTC Price Depends on Halving

With CME’s Bitcoin futures options volume doubling within a week, how will it affect the price trend of BTC?
January 24, 2020

Research Firm and Environmental Watch Dog Test World’s First Air Quality Ledger

Global partnership between PlanetWatch and Algorand tests new blockchain air quality sensors and ledger
January 24, 2020

How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion

Bitcoin Cash developers recently released the alpha software for Cashfusion, a privacy-preserving feature added to the Electron Cash wallet. During the last week, crypto proponents and developers have been testing the protocol regularly in order to find issues and provide the Cashfusion team with feedback. News.Bitcoin.com tested the alpha version of Cashfusion so readers can get a glimpse at how the feature works and how you can fuse transactions on your own. Also read: How to Create Custom SLP Tokens With the Bitcoin.com Mint Cashfusion Privacy: A New Realm of Transaction Anonymization BCH privacy is of great importance to Bitcoin Cash proponents and the Cashshuffle platform gathered a lot of traction since its inception. Following the Cashshuffle release, developers started working on a project that would greatly improve coinjoin-based transactions making them more private. With Cashshuffle, blockchain analysis could possibly […]
January 24, 2020

Major Australian Exchange Expands to Singapore for Crypto-Friendly Regs

Independent Reserve will expand to Singapore to take advantage of its “overwhelmingly positive” regulatory response.
January 24, 2020

UK’s Lancashire Cricket Club Now Uses Blockchain Platform to Sell Tickets

The Lancashire Cricket Club will sell tickets for all domestic and international fixtures through a blockchain-based platform
January 24, 2020

Two Veteran Traders See Bullish Signs With Bitcoin Rebounding to $8.5K

#Bitcoin price rallied 3.97% to $8.5K but now needs to overcome the 50-EMA to push through $8,500-$8,650
January 24, 2020

Harmony Kicks Off Migration From Ethereum and Binance Chains to Its Own

Harmony is rolling out its token swap process, asking holders of its ERC-20 and BEP-2 tokens to switch to its own native asset to participate in staking and other activities.
January 24, 2020

Ripple and XRP: The Complete Guide

What is Ripple? The name has been incredibly prominent within the cryptocurrency space, for reasons both positive and negative. In short, Ripple is a payment protocol that facilitates fast, frictionless cross-border payments with minimal fees. This technology is based on a series of servers communicating constantly, while maintaining a distributed ledger with the latest state of balances and transactions.  The payment protocol also hosts its native asset, XRP, which acts as the chief medium for transferring value over the network. XRP, rebranded in late 2018, formerly bore the name Ripple.  How Does RippleNet Work? RippleNet is the latest iteration of Ripple’s payment protocols. In late 2019, Ripple, Inc. united all its products into one network, which could be used in various ways to transfer value. RippleNet allows for the usage and transfers of XRP, but there is also the option […]
January 24, 2020

The All-Star Basketball Economy

In only 9 seasons, Tobias Harris has played for 5 NBA teams – not to mention he’s only 27-years-old. Harris was first drafted into the NBA in 2011, signing with the Milwaukee Bucks. Today, Harris is beyond the game, and his team – The Philadelphia 76ers – find themselves scoring less when Harris isn’t on the court. Moreover, just 2 in 10 of the 5-man combos he’s played have outscored him. Don’t overlook Harris abilities. Even serial NBA coach Doc Rivers made nods to his talent, “I knew he was a good player. We didn’t know how good. He’s just so efficient offensively. He’s a way better shooter, even though all the numbers said he was.” Rivers said this in March 2018, and Tobias is still on the rise.   Harris’ contributions are essentially as equal when he has the […]
January 24, 2020

Elon Musk: I’m Neither Here Nor There on BTC

Elon Musk is weighing in on cryptocurrency and bitcoin, and while he sees promise in the space, he doesn’t think it’s all it’s cracked up to be. Musk Is Split Down the Middle This is an attitude most enthusiasts and Twitter followers could likely expect from someone like Musk. While the man has played a role in the community, that role hasn’t been particularly significant, and his contributions have been more speculative than straight-up valuable at best. In a recent interview, he states that he’s neither “here nor there” on assets like bitcoin, and he doesn’t think BTC falls into the “digital gold” category that so many traders and analysts are pushing for. He explains what role he sees crypto playing in the future of finance: This sort of gets the crypto people angry, but there are transactions that are […]
January 24, 2020

Davos, CBDCs, and the Rise of Bitcoin Art

The word from Davos is blockchain not crypto, cashless futures, and CBDCs, while Brekkie von Bitcoin gives us his take on the emergent field of bitcoin art.
January 24, 2020

Facebook’s Libra is no Closer to Getting off the Ground

There are a lot of eyes on the upcoming Libra digital currency. For Facebook, a lot of the initial support had already dissipated. In fact, the list of partners bailing on Libra has grown relatively long in recent months. The Libra Project is on Weak Legs Despite noting strong support from early backers happily paying $10 million for running  a node, the situation has taken a turn for the worse. As a result, the Libra Association now has plenty of vacant seats waiting to be filled. The latest company to depart is Vodafone. According to the company, this has nothing to do with all the regulatory scrutiny Facebook’s pet project is facing. Instead, the UK telco wants to refocus its attention on M-Pesa, its existing digital payments solution. It is the eighth company to drop support for this project since […]
January 24, 2020

LinkedIn Co-Founder Blue Outlines Risks of Blockchain Sexism: WEF

LinkedIn co-founder Allen Blue raised concerns of gender inequality in blockchain jobs
January 24, 2020

Major Bitcoin Cash Pools Force 12.5% Mining Tax on Community

Four Bitcoin Cash pool operators are forcing through a developer tax proposal on mining rewards
January 24, 2020

Blockchain Could Secure You Your Dream Job, Billionaire Hints

Blockchain will be among key technologies to transform the job market, according to Aneel Bhursi, co-founder and CEO of human capital management firm, Workday. Blockchain to Boost the Value of Credentials Last week, LinkedIn said that blockchain would be the most in-demand job skill this year. However, the technology will also help employees secure their next dream job in a more literal way. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Workday boss Aneel Bhusri said that artificial intelligence (AI) and blockchain would become essential for the job market. The billionaires told CNBC’s Squawk Box anchors in Davos: Blockchain is a technology looking for a problem to solve. We found one to solve, which is credentials. Employees can go from company to company and carry credentials with them in a private network. It can’t be edited by an […]
January 24, 2020

ECB Keeps Subzero Interest Rates and Open-Ended QE Worth €20B a Month But Launches Policy Review

The European Central Bank (ECB) has launched an extensive review that will examine a wide range of its policies by the end of this year. Under its new president, Christine Lagarde, the bank will try to establish why its monetary stimulus has failed to achieve the Eurozone’s goal of close to 2% inflation. Sharing few details, Lagarde indicated the ECB will go on pushing towards the threshold as the institution’s governing body kept a key interest rate below zero and pledged to continue to inject billions into Europe’s economy. Also read: 6 Bankers Accused of Earning €30M in Bonuses From German Fraud, Tax Lawyer Out on €4M Bail ECB Maintains Interest Rate at Record Low -0.5% During a Governing Council meeting on Thursday, the Eurozone’s central bank decided to keep in negative territory the benchmark deposit rate, the one banks […]
January 24, 2020

Bitcoin Sheds More than $300 Off Its Price

It looks like bitcoin is beginning to lose some of the momentum it first gathered at the beginning of the month. Bitcoin Is Traveling South The world’s number one cryptocurrency by market cap is currently trading for just over $8,300. This marks a nasty fall from yesterday’s high $8,600 range, which it had managed to sustain for several days. To be fair, however, most of the cryptocurrency space is trading at dismal numbers, with entities like Ethereum, Ripple and Litecoin all having fallen by anywhere between three and six percent respectively. Is it possible that things are moving in reverse? Recently, Live Bitcoin News reported that there was likely to be trouble ahead for BTC. A global indicator was suggesting that if bitcoin did not reach $9,000, it was set to travel backward and erase all its recent gains. While […]
January 24, 2020

Price Analysis Jan 24: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XLM, ADA

Bitcoin bulls are buying near support levels. If these levels hold for the next few days, the recent uptrend in cryptocurrencies is likely to resume
January 24, 2020

Notes From WEF: Oil-Producing Nations Want Dollar Alternatives, Just Not Bitcoin

Middle Eastern elites at the World Economic Forum are highly skeptical of bitcoin, but there are whispers about its potential for cross-border settlements in the energy sector.
January 24, 2020

Ukraine to Block Crypto Wallets for Illicit Funds, Finance Minister Says

Ukrainian authorities will be able to “block crypto wallets” in order to seize illegally obtained assets, a notice from the country’s Ministry of Finance says
January 24, 2020

Crypto Exec’s $1.8M SIM-Swap Lawsuit Has ‘Critical Holes,’ Says AT&T

AT&T has again argued against allegations it was in part responsible for a SIM-swap hack that cost crypto exec Seth Shapiro $1.8 million.