Monthly Archives: May 2019

Poloniex Stops Offering Nine Coins in US Due to Uncertain Regulations

Leading cryptocurrency exchange Poloniex will stop offering nine coins in the United States due to uncertain regulations. Leading cryptocurrency exchange Poloniex will stop offering nine coins to United States-based customers due to uncertain regulations, according to a blog post published on May 16. Starting from May 29, Poloniex will stop offering trading in Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) for its customers in the U.S. Trading with the aforementioned assets will remain available […]

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Big Four Firm KPMG Identifies Top Four Skills Required for Blockchain Career

Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career. Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career, in a press release shared with Cointelegraph on May 16. KPMG suggests that an increasing number of companies will investigate blockchain technology this year. “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists,” the firm states, thus identifying the four major skills needed for a career in the industry. […]

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Blockchain Sister Startups Allegedly Pull $8 Million Exit Scam

RepuX and JoyToken have reportedly completed an initial coin offering (ICO) exit scam together. Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16. RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 million, respectively. As far as the startups’ stated plans were concerned, Hard Fork reports: “RepuX claimed that it […]

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Report: Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business

Coinbase is reportedly negotiating the acquisition of the bitcoin custody business of cryptocurrency wallet provider Xapo for $50 million in cash. American major cryptocurrency exchange Coinbase is reportedly negotiating the acquisition of the bitcoin (BTC) custody business of cryptocurrency wallet provider Xapo, technology-focused media outlet the Block reported on May 16. Sources familiar with the matter reportedly told the Block that Coinbase has been vying with the digital currency wing of United States financial services giant Fidelity, Fidelity Digital Assets, for Xapo over the past several weeks […]

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Secretariat Under UN Agreement to Reward Users for Climate Action With Crypto

Secretariat of the UN Framework Convention on Climate Change signed an MoU with blockchain firm W-Foundation. A climate change initiative of the United Nations signed a Memorandum of Understanding (MoU) with blockchain firm W-Foundation to collaborate on climate action, according to a press release shared with Cointelegraph on May 16. In accordance with the new MoU, the Secretariat of the UN Framework Convention on Climate Change (UNFCCC) will work with South Korea-based W-Foundation to promote global climate action projects, including compensation of greenhouse gas emissions by using […]

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South American Startup Ripio Rolls Out Crypto-Fiat Exchange and OTC Desk

Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over-the-counter desk. Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over the counter (OTC) desk, according to a press release shared with Cointelegraph on May 16. Ripio’s newly launched platform will enable its customers in Brazil, Argentina, and Mexico to trade cryptocurrency to fiat, use digital banking services, and request blockchain-based loans. The product also includes an OTC desk for institutional investors. Commenting on the product roll out, Ripio’s founder and […]

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Crescent Cash Users Can Now Send Bitcoin Cash Via Text Message

On May 15, the BCH-based and open source Android wallet Crescent Cash launched a new feature that allows people to send bitcoin cash through a text message. The SMS sending service added to the wallet is due to the latest open source API introduced by the crypto startup Cointext. Also read: Bitcoin Cash Protocol Successfully Upgrades — Schnorr Signatures Are Here Crescent Cash Now Supports the Cointext API Crescent Cash users can now send bitcoin cash to mobile phone numbers even if they don’t own a BCH […]

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Trading Bots: Are They a Force for Good?

While some trading bots have gained popularity among crypto enthusiasts, others have been used by unregulated exchanges for nefarious means. Trading bots have become a staple of today’s markets — especially in the 24-hour cryptocurrency industry. But while some have gained popularity by enabling enthusiasts to execute their strategies automatically and keep on top of the latest trends, others have caused controversy by manipulating prices using methods that would break the law on regulated exchanges. For everyday crypto consumers, knowing the difference can be crucial. Bad bots […]

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Crypto Exchange BitMEX Reveals Most of Its Users Don’t Use Maximum Leverage

Hong Kong cryptocurrency derivatives trading platform BitMEX claims that on average, its users don’t use the maximum 100x leverage. Hong Kong cryptocurrency derivatives trading platform BitMEX claims that on average, its users don’t use the maximum 100x leverage that the platform offers. BitMEX reported on the data in a post published on its official blog on May 15. According to the post, the company’s co-founder and CEO Arthur Hayes had the data science team of the exchange pull up historical data on the average leverage usage for […]

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Smell Something Fishy? The CFTC Will Pay You to Report Crypto Scams

Nestled in the exhibition room at this year’s Consensus conference, the U.S. Commodity Futures Trading Commission (CFTC) had a message for conference goers as they weaved in and out of booths representing various projects and startups in the space: “Be on the lookout for virtual currency fraud” and if you see it, let us know. “The Whistleblower Office of the Commodity Futures Trading Commission (CFTC) is issuing this alert to inform members of the public about how they may make themselves eligible for both financial awards and […]

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