Monthly Archives: March 2018

India’s HDFC Joins List Of Banks Banning Crypto Purchases Via Card

Major Indian private lender HDFC Bank followed J.P. Morgan and Citibank in banning of crypto-purchases with bank cards. India’s HDFC Bank, the country’s largest private bank, has informed clients that its debit and credit cards cannot be used to purchase cryptocurrency, local news source First Post reported March 14. In a letter to clients sent on Tuesday March 13, HDFC explained that the measure was taken in order to protect customers. The letter allegedly states: “To ensure our customer’s security, we have decided to not permit usage […]

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First Bitcoin Mainnet Lightning Network Product Launches As Developers Net $2.5 Mln

The first Bitcoin mainnet-ready Lightning Network implementation has launched from Lightning Labs. Lightning Labs released the first Bitcoin mainnet-ready Lightning Network (LN) implementation today, March 15, in what the company describes as an “important milestone”. In a blog post, Lightning Labs, whose product Lightning Daemon (lnd) helps developers easily connect to the LN, described it as having “the necessary safety, security, and fault-tolerance features required for real-world, real money usage.” The release comes as the company announced completion of a seed finance round worth $2.5 mln, participation […]

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Survey Says 60% of Square Merchants Are Willing to Accept Bitcoin

According to a recent study of 100 U.S. based merchants that use Square Inc.’s payment technology — a good majority surveyed are open to taking bitcoin as a form of payment. Nomura Instinet surveyed merchants who made at least $100,000 in annual revenue and 60 percent said they would accept bitcoin instead of USD. Also read: Bitcoin Futures Launch in the UK Amid Bitcoin Volatility, 60% of Square Merchants Still Willing to Accept the Cryptocurrency During the first month of 2018, the cryptocurrency proponent and Square CEO Jack Dorsey […]

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Cryptocurrencies as Portfolio Diversification: Systematic Hedge With Excellent Risk-Reward Profile

Historic examples, economic outcome and many more. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. As Bitcoin and cryptocurrencies gain more and more media coverage, investors who have never been involved in crypto are increasingly asking the question of whether cryptocurrencies could provide meaningful portfolio diversification to the traditional portfolio asset allocation. In order to answer this question one must look both backwards and forwards: backward looking to determine past […]

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Soon There Will Be More Bitcoin Investors Than Stock Traders in Indonesia

Despite repeated warnings from the central bank of Indonesia about the supposed risks of cryptocurrency trading, everyday people keep turning to bitcoin in this highly populated Asian country. In fact, soon there will be more traders on just one crypto platform than there are on the local stock exchanges established over a 100 years before it. Also Read: Coinbase Granted E-Money License by UK’s Financial Conduct Authority Bitcoin Is More Popular Than Stocks The Indonesia Digital Asset Exchange (Indodax), founded in 2014 as Bitcoin.co.id, has 1,147,430 members […]

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Google AdWords: ‘Ecosystem That Works For Everyone’, Except For A Lot Of Good People

In a strange turn of events, Google promises that it is “protecting the open web” by censoring all cryptocurrency ads on its platform. Google announced Wednesday, March 14 that it will be forbidding advertisers from serving cryptocurrency-related ads via its ad network AdWords starting from June 2018, following a similar move made by Facebook back in January 2018. The goal behind the ban, according to Google’s director of sustainable ads Scott Spencer, is to protect the search giant’s audience from “deceptive content” served by unscrupulous actors that […]

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Bankers Criticize Crypto, Always Goes Back to the Same Argument: Intrinsic Value

Finance experts in the traditional finance industry often attempt to discredit blockchain projects and open-source cryptocurrencies like bitcoin and Ethereum. Finance experts in the traditional finance industry often attempt to discredit Blockchain projects and open-source cryptocurrencies like Bitcoin and Ethereum. But, without solid logical arguments, a lot of baseless claims from the finance sector have proven to be ineffective. Go-to Argument The go-to argument by economists against the idea of the cryptocurrency market and decentralized Blockchain has been their lack of intrinsic value. Some economists and nobel […]

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Following ICOs, SEC Subpoenas Cryptocurrency Hedge Funds

The SEC has reportedly summoned the managers of several cryptocurrency-focused hedge funds. This sector has been rapidly growing over the past year and the American regulators apparently want to make sure they have a handle on the situation and to ensure that funds are not going to fields they disapprove of such as ICOs. Also Read: Coinbase Granted E-Money License by UK’s Financial Conduct Authority SEC Enforcement The US Securities and Exchange Commission (SEC) has sent requests for information as well as subpoenas to a number of […]

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Circle Co-Founder Says Recently-Acquired Poloniex Exchange Will Expand In Asia

In a recent interview, Circle’s co-founder and CEO Jeremy Allaire said that the company is looking to expand its recently acquired crypto exchange Poloniex. Payments technology company Circle announced it plans to hire up to 100 people in Asia to expand its recently acquired Poloniex cryptocurrency exchange, Bloomberg reports today, March 15. In an interview in Hong Kong, Circle’s co-founder and CEO Jeremy Allaire stated that the company will be employing people to offer services in South Korea, Japan, China, and Hong Kong. According to Allaire, the […]

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Three South Korean Crypto Exchanges Raided for Diverting Funds

South Korean prosecutors have searched the offices of three cryptocurrency exchanges suspected of buying bitcoin with money stolen from customers’ accounts. According to authorities, the companies turned up on the radar during investigations of dubious transfers in January. The raids have been conducted this week. Also read: Growing Number of South Korean Crypto Exchanges Participate in Self-Regulation Embezzled Funds Spent on Cryptos Elsewhere South Korean law enforcement officials have raided three companies offering cryptocurrency exchange services, local media reported. The searches have been conducted this week after […]

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