Monthly Archives: July 2018

Zebpay Exchange Halts Fiat Ops as India Crypto Banking Ban Deadline Looms

Zebpay has opted to halt Indian rupee operations for users as India enacts a ban on providing banking services to cryptocurrency businesses. One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. In a warning statement, Zebpay said current events were “beyond its control,” having previously warned users that rupee deposits and withdrawals “could” stop if the ruling from the Reserve Bank of India (RBI) went ahead. […]

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Crypto Markets Holding Gains, With Bitcoin Above $6,500

Crypto markets are more or less stable today, July 4, with Bitcoin holding above the $6,500 price point. Crypto markets are relatively stable today, July 4, as data from Coin360 shows, with Bitcoin (BTC) holding above the $6,500 price point. Most of the top coins by market cap are seeing minor gains and losses on the day to pres time. Market visualization from Coin360 Bitcoin is trading around $6,752 to press time, up almost 3 percent over the 24-hour period. After a significant uptick starting June 30, […]

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The Daily: Complicated Crypto Purchasing Puts Off US Investors, Analysis Confirms – ICOs Spike

Some potential investors find the process of acquiring cryptocurrencies rather complicated, according to a new survey conducted among US residents. Despite that finding, and other obstacles, another study confirms the recently reported increase in capital raised through coin offerings this year. Also in today’s Bitcoin in Brief, the Swiss city of Zug concludes successfully its experimental vote on blockchain.   Also read: Coinbase Custody Opens, Hitbtc Hits Back at McAfee, BTCC Relaunches Purchasing Process Deemed a Hurdle for New Crypto Investors The complicated process of purchasing cryptocurrencies […]

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Use Blockchain to ‘Rebuild Societal Trust’ and Save £8 Billion, Report Tells UK Gov’t

Blockchain “could” save the UK government billions of pounds and reshape social structure, a new report claims. UK housing minister Eddie Hughes released a report into blockchain July 4, calling on the government to “show leadership” by making the technology and its benefits a priority. The report, ‘Unlocking Blockchain,’ makes several key proposals, using state projects currently underway in Estonia as the standard authorities should follow at home. “The state should focus its attention on using blockchain to enable social freedom, to increase efficiency, and to rebuild […]

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Will Cryptocurrencies Preserve Their Popularity in Greece? Expert Take

After the historical debt deal, does Greece still need crypto? In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. Greek Prime Minister Alexis Tsipras hailed the Eurogroup debt deal for Greece during a televised exchange […]

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Binance Resumes Suspended Services After ‘Irregular’ SYS Trading Risk Alert

Crypto exchange Binance resumes services, after temporarily suspending all trading and withdrawals due to “irregular” Syscoin (SYS) trading. Binance has now resumed services after it announced the suspension of all trading and withdrawals Wednesday, July 3. The temporary suspension was due to an alert over “irregular” Syscoin (SYS) trades “from a number of API users.” Binance subsequently chose to suspend trading, withdrawals and other account functions, as well as to take a series of further measures in order to protect its users. Syscoin for its part notified […]

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Syscoin Hack Disrupts Binance Prompting Temporary Shutdown

Syscoin has been hit by an unusual hack that has manipulated the coin’s total supply. The attackers then sent the fraudulently generated coins to Binance and sold them, pushing the price of 1 SYS to as high as 96 BTC. The BTC they received was then withdrawn, prompting Binance to temporarily cease trading and to reset all APIs, which are believed to have facilitated the attack. Also read: EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies Syscoin Gets Pumped, Binance Gets Rekt 96 BTC ($600,000) is […]

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Rogue App Wreaks Havoc –Transaction Costs Soar as the Ethereum Network Slows

Another month, another almighty congestion on the Ethereum network. Gas prices have soared this week, passing 500 gwai at one stage, before settling on a still-pretty-substantial 56 gwai. As a result, the average transaction cost is $0.49, making it more expensive to send crypto on Ethereum than on other major blockchains such as BTC or BCH. A rogue app, as usual, seems to have been the culprit. Also read: Paul Krugman Trolls Ripple, Accidentally Making a Case for Bitcoin Cash Ethereum Backlog Causes a Network Slowdown Anyone trying […]

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Bitcoin Debate’s Defeated Bear: Digitized Gold ‘Only Type of Crypto That Can Succeed’

Gold investor Peter Schiff agrees with ShapeShift CEO Erik Voorhees that fiat is “not going to work,” but says Bitcoin “wouldn’t be an improvement” in recent NY debate. American stock broker Peter Schiff “technically lost” to ShapeShift CEO and crypto commentator Erik Voorhees in a ‘Bitcoin Debate’ at the SoHo Forum July 2. The two financial thought leaders debated about the top cryptocurrency Bitcoin (BTC) and its underlying technology blockchain, questioning the potential for mass adoption, and comparing Bitcoin and other cryptocurrencies with other asset types such […]

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PR: Vertex Launches ICO Aftermarket

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. ICO is a concept that elicits strong reactions form people across the board. After the 2017 ICO craze in which projects with little more than a concept on a white paper were getting millions in funding, this innovative crowdfunding mechanism has left […]

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