Bitcoin Interest to Double According to Dutch Banking Giant ING
A new consumer economic report from Dutch banking giant ING suggests that Cryptocurrency adoption not only on the rise but is likely to double, according to The Independent.
Read the full article at https://bitcoinnews.com/bitcoin-interest-to-double-according-to-dutch-banking-giant-ing/
Topic: BitcoinNews: #1 In Blockchain News - page 48. (Read 4529 times)
Galaxy Digital to Invest “Hundreds of Millions” of Dollars into Crypto Startups
Galaxy Digital, which was founded by billionaire crypto enthusiast Mike Novogratz in early 2018, has hundreds of millions of US dollars available for investment in crypto startups, according to Business Insider.
Read the full article at https://bitcoinnews.com/galaxy-digital-to-invest-hundreds-of-millions-of-dollars-into-crypto-startups/
Galaxy Digital, which was founded by billionaire crypto enthusiast Mike Novogratz in early 2018, has hundreds of millions of US dollars available for investment in crypto startups, according to Business Insider.
Read the full article at https://bitcoinnews.com/galaxy-digital-to-invest-hundreds-of-millions-of-dollars-into-crypto-startups/
Coinsecure Begins Refunding Customers After $3.3M Bitcoin Theft
Coinsecure has posted a notice on its website saying that it has begun compensating customers with Indian rupees (INR). Customers have been waiting for a refund since 9 April 2018 when Coinsecure closed due to the loss of 438 Bitcoins worth USD 3.3 million at the time. This is the largest cryptocurrency exchange theft in India’s history.
https://bitcoinnews.com/coinsecure-begins-refunding-customers-after-3-3m-bitcoin-theft/
Coinsecure has posted a notice on its website saying that it has begun compensating customers with Indian rupees (INR). Customers have been waiting for a refund since 9 April 2018 when Coinsecure closed due to the loss of 438 Bitcoins worth USD 3.3 million at the time. This is the largest cryptocurrency exchange theft in India’s history.
https://bitcoinnews.com/coinsecure-begins-refunding-customers-after-3-3m-bitcoin-theft/
‘Transaction Fee Mining’ Transforms CoinBene, Bit-Z into Top Ranked Crypto Exchanges
A new strategy called ‘transaction fee mining’ has propelled Singapore-based CoinBene and Hong Kong-based Bit-Z into the top spots for global cryptocurrency exchange trading volume at USD 2.3 billion and USD 1.4 billion in the past day respectively as of this writing on 26 June 2018. This dethrones Binance which usually holds the top spot, and pushes other major exchanges OKEx and Huobi into lower ranks than usual
Read the full article at https://bitcoinnews.com/transaction-fee-mining-transforms-coinbene-bit-z-into-top-ranked-crypto-exchanges/
A new strategy called ‘transaction fee mining’ has propelled Singapore-based CoinBene and Hong Kong-based Bit-Z into the top spots for global cryptocurrency exchange trading volume at USD 2.3 billion and USD 1.4 billion in the past day respectively as of this writing on 26 June 2018. This dethrones Binance which usually holds the top spot, and pushes other major exchanges OKEx and Huobi into lower ranks than usual
Read the full article at https://bitcoinnews.com/transaction-fee-mining-transforms-coinbene-bit-z-into-top-ranked-crypto-exchanges/
Brian Kelly: Bitcoin is Bottoming and I’ll Tell You Why
Speaking on CNBC’s Fast Money on Monday, professional cryptocurrency trader Brian Kelly shared his top three reasons as to why he believes Bitcoin’s price is finally bottoming.
Read the full article at https://bitcoinnews.com/brian-kelly-bitcoin-is-bottoming-and-ill-tell-you-why/
Speaking on CNBC’s Fast Money on Monday, professional cryptocurrency trader Brian Kelly shared his top three reasons as to why he believes Bitcoin’s price is finally bottoming.
Read the full article at https://bitcoinnews.com/brian-kelly-bitcoin-is-bottoming-and-ill-tell-you-why/
ETFs Could Drive Bitcoin Price Up to $35,000
According to cryptocurrency expert Michael Strutton, once Bitcoin exchange traded funds (ETFs) become a reality they could drive Bitcoin’s price up to USD 35,000, well above the record high of USD 20,000, since ETFs would allow people to buy Bitcoin with the same platforms and mechanisms used to buy stocks. Currently, no Bitcoin ETFs exist in the United States due to Securities and Exchange Commission (SEC) regulations, but there is at least one organization in talks with the SEC to create the first Bitcoin ETF.
Read the full article at https://bitcoinnews.com/etfs-could-drive-bitcoin-price-up-to-35000/
According to cryptocurrency expert Michael Strutton, once Bitcoin exchange traded funds (ETFs) become a reality they could drive Bitcoin’s price up to USD 35,000, well above the record high of USD 20,000, since ETFs would allow people to buy Bitcoin with the same platforms and mechanisms used to buy stocks. Currently, no Bitcoin ETFs exist in the United States due to Securities and Exchange Commission (SEC) regulations, but there is at least one organization in talks with the SEC to create the first Bitcoin ETF.
Read the full article at https://bitcoinnews.com/etfs-could-drive-bitcoin-price-up-to-35000/
Andreessen Horowitz Investing $300M into Crypto Ventures
California-based Andreessen Horowitz, also known as a16z, has announced that it is starting the a16z Crypto Fund which will invest USD 300 million into cryptocurrency-based companies and platforms. The fund will be managed by a team of crypto specialists led by Chris Dixon, including former Assistant US Attorney General Kathryn Haun
Real full article at https://bitcoinnews.com/andreessen-horowitz-investing-300m-into-crypto-ventures/
California-based Andreessen Horowitz, also known as a16z, has announced that it is starting the a16z Crypto Fund which will invest USD 300 million into cryptocurrency-based companies and platforms. The fund will be managed by a team of crypto specialists led by Chris Dixon, including former Assistant US Attorney General Kathryn Haun
Real full article at https://bitcoinnews.com/andreessen-horowitz-investing-300m-into-crypto-ventures/
30% Growth of Institutional Investors Using Circle
Circle Trade has reported a 30% increase in unique institutional investors during May 2018, despite the Bitcoin bear market that has seen price decline by 70% since December 2017. Circle’s CEO Jeremy Allaire says, “A lot of folks on the institutional side are on-boarding, and getting their ducks in the row”.
Read the full article at https://bitcoinnews.com/30-growth-of-institutional-investors-using-circle/
Circle Trade has reported a 30% increase in unique institutional investors during May 2018, despite the Bitcoin bear market that has seen price decline by 70% since December 2017. Circle’s CEO Jeremy Allaire says, “A lot of folks on the institutional side are on-boarding, and getting their ducks in the row”.
Read the full article at https://bitcoinnews.com/30-growth-of-institutional-investors-using-circle/
Facebook Makes Unexpected U-Turn on Crypto Advertising
Social media giant Facebook has suggested in a blog post that it may allow some companies to place adds on their platform despite the recent cryptocurrency advertising ban.
Read the full article at https://bitcoinnews.com/facebook-makes-unexpected-u-turn-on-crypto-advertising/
Social media giant Facebook has suggested in a blog post that it may allow some companies to place adds on their platform despite the recent cryptocurrency advertising ban.
Read the full article at https://bitcoinnews.com/facebook-makes-unexpected-u-turn-on-crypto-advertising/
Reserve Bank of Australia “Admires” Bitcoin’s Design but Won’t Plan for National Crypto
Reserve Bank of Australia (RBA) official Tony Richards in a speech to the Australian Business Economists in Sydney on Tuesday, expressed his admiration of Bitcoin but thought it would not be adopted into the country’s mainstream financial system.
Read full article at https://bitcoinnews.com/reserve-bank-of-australia-admires-bitcoins-design-but-wont-plan-for-national-crypto/
Reserve Bank of Australia (RBA) official Tony Richards in a speech to the Australian Business Economists in Sydney on Tuesday, expressed his admiration of Bitcoin but thought it would not be adopted into the country’s mainstream financial system.
Read full article at https://bitcoinnews.com/reserve-bank-of-australia-admires-bitcoins-design-but-wont-plan-for-national-crypto/
Blockchain Sharding Brings Scalability Benefits and Security Risks
Bitcoin and Ethereum have been said to face scalability problems since they can only handle about 3 to 7 and 7 to 15 transactions per second respectively, which would be insufficient to handle payments as adoption becomes more widespread globally. Blockchain sharding is a proposed protocol change that would increase cryptocurrency transactions per second to better compete with networks like Visa.
Read the full article at https://bitcoinnews.com/blockchain-sharding-brings-scalability-benefits-and-security-risks/
Bitcoin and Ethereum have been said to face scalability problems since they can only handle about 3 to 7 and 7 to 15 transactions per second respectively, which would be insufficient to handle payments as adoption becomes more widespread globally. Blockchain sharding is a proposed protocol change that would increase cryptocurrency transactions per second to better compete with networks like Visa.
Read the full article at https://bitcoinnews.com/blockchain-sharding-brings-scalability-benefits-and-security-risks/
First US Nationwide Darknet Sting Hauls $23M in Bitcoin, Cash, Gold
The United States Department of Justice announced on 26 June 2018 that a year-long operation to investigate and disrupt illegal activity on the darknet had been completed. This is the first nationwide undercover darknet sting in United States history.
Read article at https://bitcoinnews.com/first-us-nationwide-darknet-sting-hauls-23m-in-bitcoin-cash-gold/
The United States Department of Justice announced on 26 June 2018 that a year-long operation to investigate and disrupt illegal activity on the darknet had been completed. This is the first nationwide undercover darknet sting in United States history.
Read article at https://bitcoinnews.com/first-us-nationwide-darknet-sting-hauls-23m-in-bitcoin-cash-gold/
2018 Cryptocurrency Survey Finds Bitcoin Most Likely for Mass Adoption
The 2018 Cryptocurrency Survey conducted by law firm Foley & Lardner LLP reveals much in terms of attitudes towards the cryptocurrency market from insiders, notably indicating that Bitcoin is the most likely choice for mass adoption.
Read the full article at https://bitcoinnews.com/2018-cryptocurrency-survey-finds-bitcoin-most-likely-for-mass-adoption/
The 2018 Cryptocurrency Survey conducted by law firm Foley & Lardner LLP reveals much in terms of attitudes towards the cryptocurrency market from insiders, notably indicating that Bitcoin is the most likely choice for mass adoption.
Read the full article at https://bitcoinnews.com/2018-cryptocurrency-survey-finds-bitcoin-most-likely-for-mass-adoption/
Research Confirms Bitcoin, Social Media Correlation
Feng Mai, a professor at the business school of Stevens Institute of Technology, has conducted a study using scientific methods to confirm what many already expected: cryptocurrency prices are influenced by social media.
Read the full article at https://bitcoinnews.com/research-confirms-bitcoin-social-media-correlation/
Feng Mai, a professor at the business school of Stevens Institute of Technology, has conducted a study using scientific methods to confirm what many already expected: cryptocurrency prices are influenced by social media.
Read the full article at https://bitcoinnews.com/research-confirms-bitcoin-social-media-correlation/
Oracles Connect Blockchain to the Physical World
Decentralized blockchain-based apps have a wide spectrum of real-life uses, and have been growing in number and variety since the rise of Ethereum and its integrated smart contract technology. Now, there are many different blockchains with smart contracts powering decentralized apps, and these sometimes need data from the physical world to function. Oracles bridge the gap between the physical world and the blockchain, providing data for the execution of smart contracts.
Read the full article at https://bitcoinnews.com/oracles-connect-blockchain-to-the-physical-world/
Decentralized blockchain-based apps have a wide spectrum of real-life uses, and have been growing in number and variety since the rise of Ethereum and its integrated smart contract technology. Now, there are many different blockchains with smart contracts powering decentralized apps, and these sometimes need data from the physical world to function. Oracles bridge the gap between the physical world and the blockchain, providing data for the execution of smart contracts.
Read the full article at https://bitcoinnews.com/oracles-connect-blockchain-to-the-physical-world/
Polish Bitcoin Association Sues Banks over Unofficial Crypto Bans
Some of Poland’s banks are being challenged by the Polish Bitcoin Association (PBS), a cryptocurrency industry group, over the closure of accounts linked to crypto firms in the country, writes Finance Magnates.
Read the full article at https://bitcoinnews.com/polish-bitcoin-association-sues-banks-over-unofficial-crypto-bans/
Some of Poland’s banks are being challenged by the Polish Bitcoin Association (PBS), a cryptocurrency industry group, over the closure of accounts linked to crypto firms in the country, writes Finance Magnates.
Read the full article at https://bitcoinnews.com/polish-bitcoin-association-sues-banks-over-unofficial-crypto-bans/
France Want Alleged Russian $4B Bitcoin Fraudster Vinnik on New Charges
Alleged Russian Bitcoin defrauder Alexander Vinnik, arrested last year in Greece and awaiting extradition to Russia, is now wanted by the French authorities, according to Expatica.
https://bitcoinnews.com/france-want-alleged-russian-4b-bitcoin-fraudster-vinnik-on-new-charges/
Alleged Russian Bitcoin defrauder Alexander Vinnik, arrested last year in Greece and awaiting extradition to Russia, is now wanted by the French authorities, according to Expatica.
https://bitcoinnews.com/france-want-alleged-russian-4b-bitcoin-fraudster-vinnik-on-new-charges/
Bithumb Recovers $14M of Stolen Crypto via Collaboration with Other Exchanges
On 20 June 2018, South Korea-based cryptocurrency exchange Bithumb was hacked, resulting in the loss of KRW 35 billion (USD 31 million) of cryptocurrency. This contributed to the gloom across the cryptocurrency markets, even though Bithumb assured its customers that it would cover the losses with its own reserves. In a surprising and unprecedented announcement on 27 June 2018, Bithumb says it has recovered KRW 12 billion (USD 14 million) of the stolen cryptocurrency via collaboration with other cryptocurrency exchanges and companies.
Read the full article at https://bitcoinnews.com/bithumb-recovers-14m-of-stolen-crypto-via-collaboration-with-other-exchanges/
On 20 June 2018, South Korea-based cryptocurrency exchange Bithumb was hacked, resulting in the loss of KRW 35 billion (USD 31 million) of cryptocurrency. This contributed to the gloom across the cryptocurrency markets, even though Bithumb assured its customers that it would cover the losses with its own reserves. In a surprising and unprecedented announcement on 27 June 2018, Bithumb says it has recovered KRW 12 billion (USD 14 million) of the stolen cryptocurrency via collaboration with other cryptocurrency exchanges and companies.
Read the full article at https://bitcoinnews.com/bithumb-recovers-14m-of-stolen-crypto-via-collaboration-with-other-exchanges/
Silk Road’s Ross Ulbricht Saga Ends with US Supreme Court Denying Life Sentence Appeal
The Supreme Court, the highest court in the United States, has denied Ross Ulbricht’s petition to appeal his life sentence, meaning he will spend the rest of his life in federal prison. This follows similar decisions from lower courts and ends the saga of the Silk Road’s founder who operated under the pseudonym Dread Pirate Roberts
Read the full article at https://bitcoinnews.com/silk-roads-ross-ulbricht-saga-ends-with-us-supreme-court-denying-life-sentence-appeal/
The Supreme Court, the highest court in the United States, has denied Ross Ulbricht’s petition to appeal his life sentence, meaning he will spend the rest of his life in federal prison. This follows similar decisions from lower courts and ends the saga of the Silk Road’s founder who operated under the pseudonym Dread Pirate Roberts
Read the full article at https://bitcoinnews.com/silk-roads-ross-ulbricht-saga-ends-with-us-supreme-court-denying-life-sentence-appeal/
Binance Launching Fiat-Crypto Exchange in Uganda
The CEO of Binance, Changpeng Zhao, has told Cointelegraph that a fiat-cryptocurrency exchange is about to launch in Uganda. Binance Uganda’s exchange website is already online and registration is ongoing; it appears the Ugandan Shilling (UGX) will be the primary fiat used on the exchange. This would be Binance’s first fiat-crypto exchange, and comes less than a month after Binance acquired an EUR bank account in Malta. Zhao says Binance will be launching fiat-crypto exchanges in two to three more locations in the short term.
Read the full article at https://bitcoinnews.com/binance-launching-fiat-crypto-exchange-in-uganda/
The CEO of Binance, Changpeng Zhao, has told Cointelegraph that a fiat-cryptocurrency exchange is about to launch in Uganda. Binance Uganda’s exchange website is already online and registration is ongoing; it appears the Ugandan Shilling (UGX) will be the primary fiat used on the exchange. This would be Binance’s first fiat-crypto exchange, and comes less than a month after Binance acquired an EUR bank account in Malta. Zhao says Binance will be launching fiat-crypto exchanges in two to three more locations in the short term.
Read the full article at https://bitcoinnews.com/binance-launching-fiat-crypto-exchange-in-uganda/
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