Monthly Archives: May 2018

Social Cryptocurrency Trading and Brokerage Firm eToro Is Expanding to U.S.

Israeli-based social trading platform eToro is expanding to the U.S. If all goes according to plan, U.S. citizens will be able to trade cryptocurrencies on the company’s platform sometime later this year. The announcement, which eToro made today, May 15, 2018, at Consensus in New York City, comes on the heels of a $100 million funding round that eToro received in March 2018, bringing its total funding to $162 million. The company said at the time it would use the funds to expand into new markets. eToro […]

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European Central Bank’s Mersch Says Banks Should ‘Segregate’ Crypto Trading

The European Central Bank’s Yves Mersch stated that banks should “segregate” their dealings in cryptocurrencies from other activities, saying crypto doesn’t “qualify” as money European Central Bank (ECB) board member Yves Mersch has said that banks should “segregate” their dealings in cryptocurrencies from other activities, Reuters reported May 14. Reuters quotes Mersch as raising concerns over the high volatility of crypto markets, emphasizing that digital tokens “do not qualify as money,” and that their issuers, as well as dealers, exchanges, banks, or clearing houses, should be regulated. […]

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Bitcoin Cash Hard Fork Increases Block Size, Reactivates Op Nodes

A Bitcoin Cash hard fork was activated earlier today, increasing the block size up to 32MB and reactivating several previously deactivated Op nodes A Bitcoin Cash (BCH) upgrade that will both increase block size from 8MB to 32MB and add or reactivate Bitcoin script operation codes (Op codes) has been activated today, May 15. The hard fork used the Median Time Past (MTP) for initiation, going live on next block after the MTP timestamp of 1526400000 at 16:14 UTC. Bitcoin ABC, a Bitcoin Cash full node implementation, […]

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US Prosecutors Indict Three Co-Founders Of Floyd Mayweather-Backed ICO For Fraud

A US District Court in Manhattan has issued a formal indictment of the three founders of Floyd Mayweather-backed Centra Tech ICO for securities fraud, among other charges. The three co-founders of cryptocurrency startup Centra Tech have been formally indicted for running fraudulent ICO, according to a statement May 14 from the U.S. Department of Justice. According to the four-count indictment issued by the U.S. District Court in Manhattan, all three Centra Tech co-founders Sohrab Sharma, Robert Farkas, and Raymond Trapani are being charged with securities fraud, wire […]

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Microsoft’s Search Engine Bing Says It Will Ban Crypto-Related Ads By July 2018

Microsoft’s search engine Bing announced it will remove crypto ads from its network by July 2018 to protect customers from ‘bad actors’. Microsoft-powered search engine Bing has joined other internet giants in announcing it will ban cryptocurrency-related advertisements on its network by July 2018, according to an official blog post today, May 15. According to the statement, the main reason for the company’s decision to ban “advertising for cryptocurrency” and “cryptocurrency related products” is the current unregulated status of cryptocurrencies, which allegedly increases risk for Bing’s users: […]

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Cryptocurrency Hedge Funds Rebound By Over 45% in April

The bullish market performance experienced across the cryptocurrency markets last month also manifested significant gains for many cryptocurrency hedge funds, with multiple cryptocurrency hedge fund indexes estimating a more than 45% increase in the value of leading funds. Also Read: 5 Years Ago You Should Have Bought Bitcoin, Not Altcoins Cryptocurrency Recovery Rally Drives Impressive Performance Among Crypto Funds With most cryptocurrencies producing significant gains during April, cryptocurrency hedge funds also generated bullish performance last month. The Eurekahedge Crypto-Currency Hedge Fund Index estimates the gains made by crypto funds to […]

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Amazon And ConsenSys’ Startup To Offer Simplified Blockchain Platforms

Amazon’s cloud computing arm is teaming up with ConsenSys’ blockchain startup Kaleido to develop simplified blockchain cloud platforms for its clients. Amazon Web Services (AWS), the tech giant’s cloud computing arm, is partnering with ConsenSys’ blockchain startup Kaleido to offer simplified blockchain cloud platforms for its clients, CNBC reports today, May 15. Kaleido is a blockchain business cloud that helps enterprises build and manage blockchain platforms without having to start from scratch, and is based on the Ethereum blockchain. It is one of the emerging ventures supported […]

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Two Ex-JPMorgan Blockchain Leaders Reveal New Decentralized App Store Startup

Two former JPMorgan blockchain executives have announced their own blockchain-based startup, currently in the process of fundraising. The Two former leads of JPMorgan’s blockchain program unveiled a new startup, a decentralized app (DApp) store, Fortune reported yesterday, May 14.   Amber Baldet and Patrick Mylund Nielsen, both of whom held lead positions at JP Morgan’s blockchain platform Quorum, have announced the release of a new startup, Clovyr, where users can browse decentralized apps, developer programs, and distributed ledgers. Clovyr will be compatible with Quorum as well as Ethereum […]

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“Honest Coinmarketcap” Claims to Provide Accurate Cryptocurrency Data

In the last 24 hours, $7 billion worth of bitcoin (BTC) was traded globally. That’s according to data provided by Coinmarketcap, the industry’s go-to aggregator of cryptocurrency data. Not everyone agrees with that figure however. “Honest Coinmarketcap” is a new project that aims to set the record straight and do away with inflated trade volumes. Also read: Study Finds $3B Worth of Faked Cryptocurrency Volumes and Wash Trades “Honest CMC” Alleges Massive Fake Volume Allegations of wash trading and fake volume have dogged the cryptocurrency markets for […]

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World’s Fifth Largest Bank To Trial Own Cryptocurrency In 2019, Report Says

Mitsubishi UFJ Financial Group is planning a 100,000-user trial of its new cryptocurrency, local sources report. The banking unit of Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to trial its own cryptocurrency as early as 2019, Cointelegraph Japan reports today, May 15. Cointelegraph Japan quotes local news media outlet NHK saying that a test phase of the cryptocurrency, known as MUFG Coin, could involve around 100,000 account holders. Currently the fifth largest bank in the world by assets, MUFG originally signalled its intention to launch a token […]

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