PlexCoin Founder Forced to Transfer 420 Bitcoins in Quebec Courtroom
Dominic Lacroix, the founder of PlexCoin, was forced to transfer BTC 420 worth USD 3.2 million to court administrators at the Palace of Justice in Quebec, Canada. Refusing to do so would have resulted in him being held in contempt of court and sent to jail.
Read the full article at https://bitcoinnews.com/plexcoin-founder-forced-to-transfer-420-bitcoins-in-quebec-courtroom/
Video https://www.youtube.com/watch?v=vYexCLEushk
Topic: BitcoinNews: #1 In Blockchain News - page 33. (Read 4502 times)
Mastercard System Crash Brings out Crypto Tweeters
The credit card companies have been struck again with outages. Only weeks after credit card company Visa saw its customers suffer a similar dilemma, down goes Mastercard.
This time, it was the turn of the competitor, which, exactly as it happened following the Visa outage, received a deluge of customer complaints from those unable to complete payments.
Read the full article at https://bitcoinnews.com/mastercard-system-crash-brings-out-crypto-tweeters/
Video https://www.youtube.com/watch?v=fq-llR4SEXw
The credit card companies have been struck again with outages. Only weeks after credit card company Visa saw its customers suffer a similar dilemma, down goes Mastercard.
This time, it was the turn of the competitor, which, exactly as it happened following the Visa outage, received a deluge of customer complaints from those unable to complete payments.
Read the full article at https://bitcoinnews.com/mastercard-system-crash-brings-out-crypto-tweeters/
Video https://www.youtube.com/watch?v=fq-llR4SEXw
Bank of England Concludes DLT Proof of Concept with Positive Findings
The Bank of England (BoE) has concluded its Proof of Concept (PoC) project that sought to make a better understanding of how a newly-established Real Time Gross Settlement (RTGS) service can meet new financial challenges that emerge in a “rapidly changing landscape”.
Read the full article at https://bitcoinnews.com/bank-of-england-concludes-dlt-proof-of-concept-with-positive-findings/
Video https://www.youtube.com/watch?v=14Rm1LHYZ90
The Bank of England (BoE) has concluded its Proof of Concept (PoC) project that sought to make a better understanding of how a newly-established Real Time Gross Settlement (RTGS) service can meet new financial challenges that emerge in a “rapidly changing landscape”.
Read the full article at https://bitcoinnews.com/bank-of-england-concludes-dlt-proof-of-concept-with-positive-findings/
Video https://www.youtube.com/watch?v=14Rm1LHYZ90
EU: Central Banks Crypto Adoption Would Broaden Markets
A recent report on fintech development commissioned by an EU committee reveals that central banks adoption of a CBDC would alter competition levels cryptocurrency markets.
The European Parliament Committee on Economic and Monetary Affairs (Econ) reports that there would need to be some kind of realignment in the market which would broaden the number of players in the market, and if this were the case it would not necessarily be beneficial to Bitcoin. The Econ statement suggested:
Read the full article at https://bitcoinnews.com/eu-central-banks-crypto-adoption-would-broaden-markets/
A recent report on fintech development commissioned by an EU committee reveals that central banks adoption of a CBDC would alter competition levels cryptocurrency markets.
The European Parliament Committee on Economic and Monetary Affairs (Econ) reports that there would need to be some kind of realignment in the market which would broaden the number of players in the market, and if this were the case it would not necessarily be beneficial to Bitcoin. The Econ statement suggested:
Read the full article at https://bitcoinnews.com/eu-central-banks-crypto-adoption-would-broaden-markets/
Irregular Crypto Laws Stifling Blockchain Innovation in India
Due to a lack of consistent regulatory frameworks surrounding blockchain technology and cryptocurrencies, India, the crypto-sceptic nation with an emerging blockchain development workforce, is in a confusing position.
Read the full article at https://bitcoinnews.com/irregular-crypto-laws-stifling-blockchain-innovation-in-india/
Video https://www.youtube.com/watch?v=Gb-J0NwPV0I
Due to a lack of consistent regulatory frameworks surrounding blockchain technology and cryptocurrencies, India, the crypto-sceptic nation with an emerging blockchain development workforce, is in a confusing position.
Read the full article at https://bitcoinnews.com/irregular-crypto-laws-stifling-blockchain-innovation-in-india/
Video https://www.youtube.com/watch?v=Gb-J0NwPV0I
Australian Women Leading the Way in Blockchain
Women in Australia are making strides in the blockchain sector and turning the tables on their male counterparts.
Technology sectors have long been dominated by males, as evidenced at the ratio visible at conferences and funding rounds, where although success stories abound, they have been historically lacking in those which report women moving the industry ahead to bigger and better things.
Read the full article at https://bitcoinnews.com/australian-women-leading-the-way-in-blockchain/
Video https://www.youtube.com/watch?v=8WuI3sTWAhY
Women in Australia are making strides in the blockchain sector and turning the tables on their male counterparts.
Technology sectors have long been dominated by males, as evidenced at the ratio visible at conferences and funding rounds, where although success stories abound, they have been historically lacking in those which report women moving the industry ahead to bigger and better things.
Read the full article at https://bitcoinnews.com/australian-women-leading-the-way-in-blockchain/
Video https://www.youtube.com/watch?v=8WuI3sTWAhY
The British Press and Getting It All Wrong About Bitcoin
How accurate the news is when it comes down to Bitcoin may just depend on where the reader chooses to source the information, especially if reliant on the British press.
Bitcoin is unquestionably a readable topic, whether in the daily newspaper or online; “finger bait” as it’s then called. But where does the reader turn to for accuracy? Clearly, judging by reports, not the British press.
Read the full article at https://bitcoinnews.com/the-british-press-and-getting-it-all-wrong-about-bitcoin/
Video https://www.youtube.com/watch?v=qKdWnsM7jWw
How accurate the news is when it comes down to Bitcoin may just depend on where the reader chooses to source the information, especially if reliant on the British press.
Bitcoin is unquestionably a readable topic, whether in the daily newspaper or online; “finger bait” as it’s then called. But where does the reader turn to for accuracy? Clearly, judging by reports, not the British press.
Read the full article at https://bitcoinnews.com/the-british-press-and-getting-it-all-wrong-about-bitcoin/
Video https://www.youtube.com/watch?v=qKdWnsM7jWw
Bitcoin Dominance Percentage Illustrates Crypto Trends, Suggests Rally Looming
CoinMarketCap has been recording the percentage market share of Bitcoin and other major cryptocurrencies, referred to as the dominance percentage, since mid-2013. According to this data, Bitcoin has always had the biggest market cap compared to all other cryptocurrencies by far but throughout time, its dominance percentage has been changing. The evolution of this reveals important trends in the crypto space, including the rise of decentralized apps and ICOs, and also suggests that a big Bitcoin rally might be beginning.
Read the full article at https://bitcoinnews.com/bitcoin-dominance-percentage-illustrates-crypto-trends-suggests-rally-looming/
CoinMarketCap has been recording the percentage market share of Bitcoin and other major cryptocurrencies, referred to as the dominance percentage, since mid-2013. According to this data, Bitcoin has always had the biggest market cap compared to all other cryptocurrencies by far but throughout time, its dominance percentage has been changing. The evolution of this reveals important trends in the crypto space, including the rise of decentralized apps and ICOs, and also suggests that a big Bitcoin rally might be beginning.
Read the full article at https://bitcoinnews.com/bitcoin-dominance-percentage-illustrates-crypto-trends-suggests-rally-looming/
Brazilian Soccer Legend to Launch Ronaldinho Soccer Coin (RSC)
Not to be left behind in the wake of this year’s World Cup by the likes of Lionel Messi an James Rodríguez, Brazilian soccer legend Ronaldinho has also gone crypto.
Often regarded by many as one of the greatest of all time, Ronaldinho won two FIFA World Player of the Year awards and a Ballon d’Or. According to Wikipedia, Ronaldinho has had endorsements with many companies, including Nike, Pepsi, Coca-Cola, EA Sports, Gatorade and Danone.
Read the full article at https://bitcoinnews.com/brazilian-soccer-legend-to-launch-ronaldinho-soccer-coin-rsc/
Not to be left behind in the wake of this year’s World Cup by the likes of Lionel Messi an James Rodríguez, Brazilian soccer legend Ronaldinho has also gone crypto.
Often regarded by many as one of the greatest of all time, Ronaldinho won two FIFA World Player of the Year awards and a Ballon d’Or. According to Wikipedia, Ronaldinho has had endorsements with many companies, including Nike, Pepsi, Coca-Cola, EA Sports, Gatorade and Danone.
Read the full article at https://bitcoinnews.com/brazilian-soccer-legend-to-launch-ronaldinho-soccer-coin-rsc/
Crypto Insurance Industry is Expanding, Insurers are Keeping it Quiet
Several industry insiders have opened up about the hush business of cryptocurrency insurance, but they are not sharing much, and many more aren’t sharing anything at all.
Substantial premiums are attracting the most prominent providers.
While they may not want their names attached to cryptocurrency insurance, AIG, Chubb and XL Group have all been proving insurance for stolen assets. With the blockchain industry exploding, and Bitcoin gaining more mainstream acceptance in its wake, insurance companies are betting the substantial premiums of protecting digital assets may outweigh the potential costs. By capitalizing on the crypto industry’s arguably undeserved ‘bad reputation,’ underwriters are reportedly charging business five times more and beyond for coverage.
Read the full article at https://bitcoinnews.com/crypto-insurance-industry-is-expanding-insurers-are-keeping-it-quiet/
Video https://www.youtube.com/watch?v=lpoiZrjAPX0
Several industry insiders have opened up about the hush business of cryptocurrency insurance, but they are not sharing much, and many more aren’t sharing anything at all.
Substantial premiums are attracting the most prominent providers.
While they may not want their names attached to cryptocurrency insurance, AIG, Chubb and XL Group have all been proving insurance for stolen assets. With the blockchain industry exploding, and Bitcoin gaining more mainstream acceptance in its wake, insurance companies are betting the substantial premiums of protecting digital assets may outweigh the potential costs. By capitalizing on the crypto industry’s arguably undeserved ‘bad reputation,’ underwriters are reportedly charging business five times more and beyond for coverage.
Read the full article at https://bitcoinnews.com/crypto-insurance-industry-is-expanding-insurers-are-keeping-it-quiet/
Video https://www.youtube.com/watch?v=lpoiZrjAPX0
Crypto ATMs in Sofia Thwart Stubborn Banks, But Change Is On the Way in Bulgaria
Bulgaria has been through some lean times recently in crypto space due to bank crackdowns, but perhaps the rise in Bitcoin ATMs in the country’s capital Sofia may invigorate local enthusiasm at least.
Bitcoin News reported recently how banks have taken a largely prohibitive stance towards the trading of cryptocurrency, partly due to the failure of the Bulgarian government to produce any forward-thinking legislative policy in this space.
Read the full article at https://bitcoinnews.com/crypto-atms-in-sofia-thwart-stubborn-banks-but-change-is-on-the-way-in-bulgaria/
Bulgaria has been through some lean times recently in crypto space due to bank crackdowns, but perhaps the rise in Bitcoin ATMs in the country’s capital Sofia may invigorate local enthusiasm at least.
Bitcoin News reported recently how banks have taken a largely prohibitive stance towards the trading of cryptocurrency, partly due to the failure of the Bulgarian government to produce any forward-thinking legislative policy in this space.
Read the full article at https://bitcoinnews.com/crypto-atms-in-sofia-thwart-stubborn-banks-but-change-is-on-the-way-in-bulgaria/
Liechtenstein Awaits Regulators’ Green Light for Crypto, Promising Bright Future
It’s still early days for blockchain in the tiny country of Liechtenstein with only five registered ICOs, but things are most definitely on the move.
The constitutional monarchy, with a population of only 37,000, squeezed between Switzerland and Austria is ready to take a much more significant role in fintech development after Prime Minister Adrian Hasler’s recent announcement in March that progressive regulation is on the way.
Read the full article at https://bitcoinnews.com/liechtenstein-awaits-regulators-green-light-for-crypto-promising-bright-future/
Video https://www.youtube.com/watch?v=WaxfdOOpam8
It’s still early days for blockchain in the tiny country of Liechtenstein with only five registered ICOs, but things are most definitely on the move.
The constitutional monarchy, with a population of only 37,000, squeezed between Switzerland and Austria is ready to take a much more significant role in fintech development after Prime Minister Adrian Hasler’s recent announcement in March that progressive regulation is on the way.
Read the full article at https://bitcoinnews.com/liechtenstein-awaits-regulators-green-light-for-crypto-promising-bright-future/
Video https://www.youtube.com/watch?v=WaxfdOOpam8
Facebook Partially Reverses Crypto Ads Blanket Ban, Whitelists Coinbase
Earlier in 2018, Facebook, Twitter, and Google banned cryptocurrency related advertisements in an effort to reduce crypto scams. According to Coinbase’s CEO Brian Armstrong, Facebook has partially reversed its blanket ban of all cryptocurrency ads by whitelisting Coinbase, the top cryptocurrency exchange based in the United States. This is positive news for the crypto space, since this sets a precedent for additional legitimate crypto companies to be whitelisted by Facebook in the future.
Read the full article at https://bitcoinnews.com/facebook-partially-reverses-crypto-ads-blanket-ban-whitelists-coinbase/
Video https://www.youtube.com/watch?v=5F7CnH3Yegw
Earlier in 2018, Facebook, Twitter, and Google banned cryptocurrency related advertisements in an effort to reduce crypto scams. According to Coinbase’s CEO Brian Armstrong, Facebook has partially reversed its blanket ban of all cryptocurrency ads by whitelisting Coinbase, the top cryptocurrency exchange based in the United States. This is positive news for the crypto space, since this sets a precedent for additional legitimate crypto companies to be whitelisted by Facebook in the future.
Read the full article at https://bitcoinnews.com/facebook-partially-reverses-crypto-ads-blanket-ban-whitelists-coinbase/
Video https://www.youtube.com/watch?v=5F7CnH3Yegw
Costa Ricans Happy To Receive Crypto Paychecks in Growing Trend
Costa Ricans are disregarding banks in the Central American country and increasingly employees are turning to Bitcoin for paychecks.
According to a report in the Costa Rica News, the popularity of cryptocurrency is on the rise, with ATMs readily available and more businesses now accepting Bitcoin, despite the government’s declaration that digital currencies are outside of Costa Rica’s banking system and therefore not an official currency.
Read a full article at https://bitcoinnews.com/costa-ricans-happy-to-receive-crypto-paychecks-in-growing-trend/
Video https://www.youtube.com/watch?v=N3bv3O_Symk
Costa Ricans are disregarding banks in the Central American country and increasingly employees are turning to Bitcoin for paychecks.
According to a report in the Costa Rica News, the popularity of cryptocurrency is on the rise, with ATMs readily available and more businesses now accepting Bitcoin, despite the government’s declaration that digital currencies are outside of Costa Rica’s banking system and therefore not an official currency.
Read a full article at https://bitcoinnews.com/costa-ricans-happy-to-receive-crypto-paychecks-in-growing-trend/
Video https://www.youtube.com/watch?v=N3bv3O_Symk
OKEx and Malta Stock Exchange to Launch OKMSX Crypto Exchange by Q1 2019
OKEx, which is among the top 3 cryptocurrency exchanges in the world by trading volume alongside Binance and Huobi, is partnering with the Digital and Fintech arm of Malta Stock Exchange Holdings to create a new crypto exchange called OKMSX. A memorandum of understanding was signed between the parties on 19 July 2018. Plans will be finalized by Q3 2018, and by Q1 2019 OKMSX will launch worldwide.
Read the full article at https://bitcoinnews.com/okex-and-malta-stock-exchange-to-launch-okmsx-crypto-exchange-by-q1-2019/
Video https://www.youtube.com/watch?v=i_Q2zUXRk7w
OKEx, which is among the top 3 cryptocurrency exchanges in the world by trading volume alongside Binance and Huobi, is partnering with the Digital and Fintech arm of Malta Stock Exchange Holdings to create a new crypto exchange called OKMSX. A memorandum of understanding was signed between the parties on 19 July 2018. Plans will be finalized by Q3 2018, and by Q1 2019 OKMSX will launch worldwide.
Read the full article at https://bitcoinnews.com/okex-and-malta-stock-exchange-to-launch-okmsx-crypto-exchange-by-q1-2019/
Video https://www.youtube.com/watch?v=i_Q2zUXRk7w
China’s Bitcoin Rich Desert China for Overseas Real Estate
China’s Bitcoin nouveau riche are taking their profits overseas in search of the perfect real estate opportunity, according to Coindesk.
It appears that California and the UK, notably London, are on top of successful Chinese entrepreneurs’ hit list of favorite locations for an investment in property or second residence. This choice is reported to be motivated by innovative fintech activity in these areas. Other popular locations are Hong Kong and Dubai.
Read the full article at https://bitcoinnews.com/chinas-bitcoin-rich-desert-china-for-overseas-real-estate/
Video https://www.youtube.com/watch?v=GZ1qqcV_8x8
China’s Bitcoin nouveau riche are taking their profits overseas in search of the perfect real estate opportunity, according to Coindesk.
It appears that California and the UK, notably London, are on top of successful Chinese entrepreneurs’ hit list of favorite locations for an investment in property or second residence. This choice is reported to be motivated by innovative fintech activity in these areas. Other popular locations are Hong Kong and Dubai.
Read the full article at https://bitcoinnews.com/chinas-bitcoin-rich-desert-china-for-overseas-real-estate/
Video https://www.youtube.com/watch?v=GZ1qqcV_8x8
BitMEX CEO Calling For Extreme Bitcoin Price Volatility During 2nd Half Of 2018
Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX) which is recording billions of dollars in daily trading volume, thinks there will be extreme volatility in the Bitcoin market during the rest of 2018. He believes that the July 2018 Bitcoin rally which started with a price rise from USD 6,200 to USD 7,500 will be similar to the April-May 2018 rally where Bitcoin prices rose from USD 6,500 to USD 10,000. He says this is a strong rally with good volume and Bitcoin’s price could rise to the USD 8,000-10,000 range, but thinks Bitcoin will crash after that. Arthur Hayes says, “I would like to see us test USD 5,000 to really see if we put a bottom in”.
Read the full article at https://bitcoinnews.com/bitmex-ceo-calling-for-extreme-bitcoin-price-volatility-during-2nd-half-of-2018/
Video https://www.youtube.com/watch?v=oCLFGHhpuiQ
Arthur Hayes, the CEO of the Bitcoin Mercantile Exchange (BitMEX) which is recording billions of dollars in daily trading volume, thinks there will be extreme volatility in the Bitcoin market during the rest of 2018. He believes that the July 2018 Bitcoin rally which started with a price rise from USD 6,200 to USD 7,500 will be similar to the April-May 2018 rally where Bitcoin prices rose from USD 6,500 to USD 10,000. He says this is a strong rally with good volume and Bitcoin’s price could rise to the USD 8,000-10,000 range, but thinks Bitcoin will crash after that. Arthur Hayes says, “I would like to see us test USD 5,000 to really see if we put a bottom in”.
Read the full article at https://bitcoinnews.com/bitmex-ceo-calling-for-extreme-bitcoin-price-volatility-during-2nd-half-of-2018/
Video https://www.youtube.com/watch?v=oCLFGHhpuiQ
Bitcoin Futures Trading Volume up 93% From Q1 to Q2 in 2018 on CME
Bitcoin futures contract trading volume on the Chicago Mercantile Exchange (CME) is up 93% from Q1 to Q2 in 2018, with average contracts traded per day increasing from 1,854 to 3,577. Each contract is equivalent to 5 bitcoins, so in Q2 an average of 17,885 bitcoins were transacted per day on the CME futures market, making 536,550 bitcoins worth of future contracts traded per month. This is a sign of increasing institutional investment, since Bitcoin futures contracts are the only regulated Bitcoin investment product available on the stock exchange.
Read the full article at https://bitcoinnews.com/bitcoin-futures-trading-volume-up-93-from-q1-to-q2-in-2018-on-cme/
Video https://www.youtube.com/watch?v=_j49_crQldk
Bitcoin futures contract trading volume on the Chicago Mercantile Exchange (CME) is up 93% from Q1 to Q2 in 2018, with average contracts traded per day increasing from 1,854 to 3,577. Each contract is equivalent to 5 bitcoins, so in Q2 an average of 17,885 bitcoins were transacted per day on the CME futures market, making 536,550 bitcoins worth of future contracts traded per month. This is a sign of increasing institutional investment, since Bitcoin futures contracts are the only regulated Bitcoin investment product available on the stock exchange.
Read the full article at https://bitcoinnews.com/bitcoin-futures-trading-volume-up-93-from-q1-to-q2-in-2018-on-cme/
Video https://www.youtube.com/watch?v=_j49_crQldk
HashFlare Cloud Mining Service Terminates All Bitcoin Mining Contracts
HashFlare was one of the most popular services offering Bitcoin cloud mining until they abruptly terminated all Bitcoin mining contracts on 20 July 2018. Apparently, there is a clause in their terms of service that if maintenance and electricity fees become higher than mining revenue then they have the right to permanently terminate mining contracts. HashFlare claims that as of 18 July 2018, Bitcoin mining had been unprofitable for 28 consecutive days and they began disabling SHA-256 mining hardware on that day. And now, they are claiming that all of their mining equipment is shutoff and obsolete for the time being.
Read the full article at https://bitcoinnews.com/hashflare-cloud-mining-service-terminates-all-bitcoin-mining-contracts/
Video https://www.youtube.com/watch?v=MPYVdnTiZh0
HashFlare was one of the most popular services offering Bitcoin cloud mining until they abruptly terminated all Bitcoin mining contracts on 20 July 2018. Apparently, there is a clause in their terms of service that if maintenance and electricity fees become higher than mining revenue then they have the right to permanently terminate mining contracts. HashFlare claims that as of 18 July 2018, Bitcoin mining had been unprofitable for 28 consecutive days and they began disabling SHA-256 mining hardware on that day. And now, they are claiming that all of their mining equipment is shutoff and obsolete for the time being.
Read the full article at https://bitcoinnews.com/hashflare-cloud-mining-service-terminates-all-bitcoin-mining-contracts/
Video https://www.youtube.com/watch?v=MPYVdnTiZh0
Is Coinbase Turning Political With Its New Action Committee?
The U.S. Federal Election Commission revealed this week that Cryptocurrency exchange giant Coinbase has formed a Political Action Committee (PAC).
The role of PACs in the US is that of a fundraiser for candidates running for public office. At the U.S. federal level, an organization becomes a PAC when it receives or spends more than $1,000 for the purpose of influencing a federal election and registers with the Federal Election Commission, according to the Federal Election Campaign Act.
Read the full article at https://bitcoinnews.com/is-coinbase-turning-political-with-its-new-action-committee/
Video https://www.youtube.com/watch?v=cRX7T6-qCOw
The U.S. Federal Election Commission revealed this week that Cryptocurrency exchange giant Coinbase has formed a Political Action Committee (PAC).
The role of PACs in the US is that of a fundraiser for candidates running for public office. At the U.S. federal level, an organization becomes a PAC when it receives or spends more than $1,000 for the purpose of influencing a federal election and registers with the Federal Election Commission, according to the Federal Election Campaign Act.
Read the full article at https://bitcoinnews.com/is-coinbase-turning-political-with-its-new-action-committee/
Video https://www.youtube.com/watch?v=cRX7T6-qCOw
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