Monthly Archives: June 2018

Trading Platform With Support for Beginners Aims to Achieve Full Compliance with the SEC

sponsored A company is developing a platform with enhanced tools and learning resources, aiming to become one of the first fully compliant exchanges. Announced in late 2017, the Mandala Platform aims to design and develop an easy-to-use trading platform for novice traders and inexperienced investors, all the while seeking full compliance as a digital asset exchange and engaging with the US Securities and Exchange Commission (SEC). A major feature of the platform is a hardware wallet, a special electronic device for Mandala users that is aimed to […]

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Lawsuit Brewing Against Crypto Exchanges in Japan Over Withheld Forked Coins

A class action lawsuit is being prepared by a group of lawyers in Japan over forked coins that cryptocurrency exchanges are not granting to their customers. Citing that these coins belong to the customers, the group seeks to change the business practices of crypto exchanges and obtain the forked coins for the plaintiffs. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Class Action Lawsuit Over Forked Coins A group of lawyers is preparing a class action lawsuit against the majority of crypto exchanges in Japan for […]

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Buy Crypto While It Is Cheap, Says Major Crypto Hedge Fund CEO

The CEO of a $1 bln crypto hedge fund recommends buying now while crypto markets are cheap to “participate in the rally as it goes.” Dan Morehead, CEO of a $1 bln cryptocurrency hedge fund Pantera Capital, says today’s crypto markets are “very cheap” and now’s the time to buy. Morehead’s comments came from an interview with CNBC today, June 1st. Morehead added that with the markets “down 65 percent from their highs,” “it’s much cheaper to buy now and participate in the rally as it goes.” […]

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Bitcoin in Brief Friday: Expanding Horizons in a Bearish Month

With banks in Europe, America and Asia doing “everything to crush cryptocurrencies,” Binance CEO CZ says Africa can become a leader in their implementation. The major crypto exchange is thinking about opening an office in Uganda and we have covered the story in today’s Bitcoin in Brief. Also, online trade with cryptos spikes in Bahrain, while in Georgia, luxury real estate is being sold for bitcoin. All this has been happening in an otherwise bearish May.    Binance to Open Office in Uganda Binance is considering the […]

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PR: Publishing Platform Authorship Is Proud to Announce Their Platform Will Open on June 1st

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. One year after their successfully run $4M ICO, Authorship is proud to announce their platform is ready to be launched as per their scheduled roadmap on June 1st. Authorship aims to simplify the book publishing process by giving all the authorities to […]

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India Rejects Venezuelan Crypto Despite 30% Discount

The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded by US sanctions, forcing its government to devise ever-more creative ways to stay afloat. Also read: Philippines’ Crypto Wallet Reaches 5 Million Users, Adds More Coins India to Venezuela, ‘Gracias, No Gracias’ […]

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Norway’s Largest Bank to Explore Applications for IOTA’s Distributed Ledger Technology

Den Norske Bank has signed a memorandum of understanding with IOTA to explore possible use cases of distributed ledger technology. DNB ASA (Den Norske Bank), Norway’s largest financial services group, and the IOTA Foundation (IOTA) have signed a memorandum of understanding (MOU), according to a press release May 31. DNB and IOTA will now reportedly cooperate to explore applications of the IOTA Tangle, a “third-generation” distributed ledger (DLT). According to the press release, the two parties will work together to find new business models across their respective […]

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Bitcoin Ownership: Your Private Keys to Financial Sovereignty

There are a lot of people people who own cryptocurrencies, and then there are those who think they own these digital assets, but in actuality don’t possess the private keys because they are held with a third party. Learning how to securely archive records that hold private keys like a JSON file or exporting, importing, and sweeping can provide people with the basic steps towards really owning bitcoin. Also read: Localbitcoincash.org Revamps Website and Adds New P2P Features Private Key Ownership Provides Financial Sovereignty Every day someone new […]

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IMF Official Calls for Regulation, Tech Adoption By Banks to Fight ‘Crypto Competition’

An IMF official said that central banks should compete with cryptocurrencies by making fiat currencies better and more stable units of account. An official from the International Monetary Fund (IMF) suggested that central banks need to make fiat currencies “more attractive for the digital age” in an article published May 31. Deputy Director of the Monetary and Capital Markets Department Dong He suggested three responses to combat potential competition to central banks from cryptocurrencies. First, He stated that, “[Central banks] should continue to strive to make fiat […]

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BitLicense Approval Shines Fresh Light On New York-Crypto Relationship

Historically a business-friendly center and international financial hub, New York is not that welcoming to crypto. The recent approval of Genesis Global Trading’s BitLicense application has shone fresh light on New York State’s relationship with the cryptocurrency industry. Although New York is historically a business-friendly center and international financial hub, many industry players have criticized the regulatory requirements enforced by the New York State Department of Financial Services (DFS) through the BitLicense since its release date in 2015. Most of these criticisms were confirmed in a round […]

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