Monthly Archives: June 2018

100+ Coders Gather in China to Build Apps Tied to the Bitcoin Cash Network

On June 1-3, 100+ coders gathered together for the ‘BCH Geek’ in Hangzhou, China, an event that focused on developers creating BCH-based apps in order to make “bitcoin cash available to all.” According to regional reports, the event was quite successful and there were a lot of cool applications built specifically to enhance the BCH network. Also Read: Twitch Streamers Can Now Tip With Four Cryptocurrencies A Large Group of Developers at the BCH Geek Event Build Unique Applications Using the BCH Chain There are a lot of […]

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Bitcoin Buying on the Rise Again in Venezuela

Bitcoin buying is on the rise again in Venezuela, as hyperinflation in the country breaches 25,000%. Venezuelans’ interest in buying Bitcoin has increased significantly over the last three months, Criptonoticias news outlet reports Wednesday, June 6, citing data from the LocalBitcoins exchange. Venezuela experienced its first cryptocurrency boom in early 2017, when a record volume of 805 bitcoins exchanged in a week was set. Venezuelan bolivar to Bitcoin exchange volume. Source: LocalBitcoins Following that, the level of interest towards crypto in Venezuela dropped, coinciding with a decline […]

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Industry Representatives Criticize Google’s Crypto Ad Ban

With Google’s ban on cryptocurrency advertising set to formally come into full effect this month, many representatives of the cryptocurrency and investment industries have spoken out against the company’s move. Also Read: Russian Court Overturns Decision to Block Bitcoin Website Google Ban Expected to Come Into Effect This Month Google announced that it would ban cryptocurrency advertising on its platform in March, following numerous anecdotal reports of declining ad performance on the company’s platforms from companies promoting initial coin offerings (ICOs). The move followed the implementation of similar […]

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US Regulator Rejects FOIA Request Concerning Bitfinex, Tether Subpoenas

A Freedom of Information Act request for information on the reported subpoenas sent to Bitfinex and Tether last year has been denied. The US Commodity Futures Trading Commission (CFTC) has refused a Freedom of Information Act (FOIA) for a release of the subpoenas allegedly issued last year to cryptocurrency exchange Bitfinex and token issuer Tether, Coindesk reports Wednesday, June 6. Bitfinex and Tether share a CEO, Jan Ludovicus van der Velde, and the two entities had created controversy last fall over alleged price manipulation of Tether. The […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 06

Google searches for “Bitcoin” have dropped significantly in 2018, along with crypto prices – which means it may be the best time to buy. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Google Trends shows that web searches for the word “Bitcoin” have plunged about 75 percent in […]

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Bitcoin ETF: Firms Team, Reapply, $200,000 Price Targets Wall Street Institutions

Van Eck and Solid X have teamed, after both failed previously to gain formal regulatory approval for their respective bitcoin core (BTC) exchange traded fund (ETF) proposals, reapplying to the US Securities and Exchange Commission (SEC) today. They’re proposing a physically backed bitcoin ETF, the Van Eck Solid X Bitcoin Trust, and it just might be poised to break the losing streak of mainstreaming BTC on Wall Street. This time, they’re aiming at institutional investors by pricing it at $200,000 per share. Also read: Russian Farming Village: […]

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Development of Lightning Mobile Wallets Promises Faster Bitcoin Payments

Since the turn of the year, the price of bitcoin has been battered with investors left to lick their wounds. Behind the scenes though, the development of Bitcoin has continued to defy market movements with the continuous development of the Lightning Network (LN), which has led to the creation of several bitcoin LN wallets. The Lightning Network ushered in the promise of easing network congestion by moving on-chain transactions to the second-layer protocol. Here are some of the mobile wallets currently in development. Eclair Developed by Paris-based […]

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Circle Seeks Banking License, Trading Venue Registration to Expand Crypto Services

P2P payments platform Circle is in talks to obtain a banking license and become registered with the SEC as a trading venue. Peer-to-peer payments platform Circle Internet Financial Ltd., is pursuing both a federal banking license with the Office of the Comptroller of the Currency (OCC) and registration as a brokerage and trading venue with the US Securities and Exchange Commission (SEC). The news comes from a Bloomberg report today, June 6. Robert Bench, COO of Circle — which was partly funded in an investment round by […]

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Husband of Bollywood Star Questioned About $300 Mln Crypto Scam Involvement, Denies Allegations

British businessman Raj Kundra denies involvement in the GainBitcoin ponzi scheme that defrauded investors of over $300 mln. Raj Kundra, a British businessman and spouse of Bollywood star Shilpa Shetty, was questioned by Indian law enforcement (ED) in connection with Amit Bhardwaj’s alleged cryptocurrency ponzi scheme, Quartz India reports Wednesday, June 6. Amit Bhardwaj and his brother, Vivek Bhardwaj had been arrested in India on April 4 on the charges of scamming about 8,000 investors out of around $300 mln through their GainBitcoin investment scheme. The platform […]

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Parity Urges Users to Install Update After Discovering Testnet Vulnerability

Parity has unearthed a vulnerability which could spread to the Ethereum mainnet if users do not install a new patch. Users of Ethereum software issued by Parity Technologies face enforced updates this week after warnings a testnet vulnerability could spread to the Ethereum network, according to Parity’s blog post June 6. Parity is a UK-based provider of infrastructure software for interacting with the Ethereum network. A blog post from the company June 5 originally flagged the security problem, describing it as a “potential consensus issue with Parity […]

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