Monthly Archives: July 2018

Strategic Partnership Announced Between TokenPay and Litecoin Foundation

In May 2018, TokenPay Swiss AG joined with WEG Bank in Germany. The former attained a 9.9 percent stake in the bank, along with the option to purchase as much as 90 percent, pending regulatory approval. On July 10, 2018, that 9.9 percent stake has been transacted to the Litecoin Foundation in exchange for a marketing and technology service agreement that could greatly benefit TokenPay. Under current German banking laws, a business cannot own more than 9.9 percent of any bank without legislative support. Should TokenPay earn […]

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New EU Directive Sets Stricter Transparency Rules for Digital Currencies

The EU Fifth Anti-Money Laundering Directive has come into force, setting new rules for European financial watchdogs to monitor cryptocurrencies The EU Fifth Anti-Money Laundering Directive came into force yesterday, July 9, Cointelegraph auf Deutsch reports July 10. Measures within the directive will set a new legal framework for European financial watchdogs to regulate digital currencies in order to protect against money laundering and terrorist financing. As the EU Commission wrote in an accompanying press release, the new rules enact stricter transparency requirements directed at the use […]

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Bitcoin Price Analysis: Breach Below Trading Range May Spark Spring Retest

After a feeble rally on diminishing volume, bitcoin is currently in the middle of its first major pullback in about 2 weeks. Over the last week or so, bitcoin managed to break its sustained downtrend and trend back inside the macro trading range (TR) — both of which are quite bullish market characteristics. However, today’s pullback has us retesting the support of the macro TR (outlined in blue): Figure 1: BTC-USD, 1-Day Candles, Macro Trading Range As noted our previous market analysis of bitcoin, the market has […]

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Bancor Urges Industry Players to Collaborate After $23.5 Million Hack

On July 9, decentralized crypto platform Bancor was compromised On July 9, the decentralized crypto platform Bancor was compromised. The hackers managed to drain over $23 million worth of crypto, part of which has allegedly already been converted into fiat via the instant exchange service Changelly. While the Bancor team is collaborating with other industry players to track the stolen funds, the recent security breach shows how decentralized platforms deal with security breaches, even though some community members have started to question whether Bancor can be considered […]

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South Korea’s Regulatory Evolution: Important Steps for Crypto Exchanges, ICOs and Blockchain

South Korea has taken big steps in legitimising crypto exchanges and blockchain making a better environment for the users through more regulation. South Korea’s relationship with the cryptocurrency industry has ebbed and flowed over the years. There has been a blanket ban on ICOs, set in September 2017, as well as strong rumours in January — that were eventually dismissed — that cryptocurrencies in their entirety would be banned. However, things have warmed up in the Asian country with talk emerging that South Korea is now looking […]

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‘Mad Skillz’: Elon Musk Is Impressed by Ethereum Scam Bots on Twitter

Elon Musk has drawn attention to scam bots that impersonate famous Twitter accounts to steal crypto from their victims. Billionaire entrepreneur and engineer Elon Musk has recently called attention to scam bots that impersonate famous people on Twitter to steal Ethereum (ETH) and other cryptocurrencies from their victims. Ethereum’s co-founder Vitalik Buterin subsequently reacted to Musk’s tweet, suggesting on July 9 that CEO of Twitter Jack Dorsey should take measures to ameliorate the situation. In his tweet, the world-famous founder of Tesla Motors and SpaceX drew attention […]

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Akari Launches BCH-Powered Micro-Site Builder for Crowdfunding

During the second week of May, news.Bitcoin.com reported on the Akari Global Foundation, a group that aims to bolster bitcoin cash (BCH) adoption through its services. The organization launched Akari-Pay, a one file BCH payment and donate page for BCH merchants and non-profits. This week Akari has launched a free bitcoin cash powered pages builder that allows users to build BCH fundraiser micro-sites. Also Read: Decentralized Crowdfunding Platform Lighthouse.cash Launches Akari-Pages Allows Users to Create Micro-Sites for BCH-Fueled Fundraising There’s been a lot of infrastructure development surrounding […]

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Blockchain Platform to Reward Creatives With Royalties

sponsored A digital entertainment production and distribution platform offers writers, musicians, artists and other creatives royalties for producing monetizable media. Austrian startup Qravity has developed a payment method that aims to help digital entertainment producers and creatives receive royalties for their work, and improve creative collaboration and content distribution. David Brandstaetter, the CEO and founder of Qravity, explains how it works: “Using Qravity, creatives work for project stakes. Once their project is complete, the movie, video game or other digital media they helped create goes directly to […]

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London School of Economics Introduces Online Course on Crypto

London School of Economics is set to offer online course on cryptocurrency investing, starting in August this year. The London School of Economics (LSE) will be offering an online course on cryptocurrency investing, starting in August 2018, Financial Times reports Monday, July 9. According to the announcement, the new course dubbed “Cryptocurrency Investment and Disruption,” will help students learn some “practical skills to interact with cryptocurrency exchanges,” including how to use cryptocurrency wallets, as well as “evaluate the analytics” of initial coin offerings (ICOs). The LSE, which […]

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Korean Government Criticized for Crypto Exchange Hacks, Upbit Denies Hack Rumor

The South Korean government has been criticized for not doing enough to help prevent hacking at cryptocurrency exchanges. Data obtained by the regulators show that three crypto exchanges were hacked, with damage of almost $1 billion, after having gone through an inspection by the government. Meanwhile, one of the nation’s largest crypto exchanges, Upbit, has denied the rumor that it was also hacked. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Hacking Incidents The South Korean Ministry of Science and Technology, the Ministry of Information and […]

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