Monthly Archives: May 2019

South Korean Gov’t Announces Second Study Group for Blockchain Regulations

The science and tech ministry of the South Korean government is going to run a study on blockchain regulations, looking at improvements needed for broader adoption. The South Korean Ministry of Science and ICT is going to run a follow-up study on blockchain regulations, according to a Yonhap News report on May 21. The study is called the “Blockchain Regulation Improvement Study Group” and is part of an initiative run by the government’s science and tech arm to figure out how regulations could be improved so that blockchain […]

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Copyright Registrations Do Not Recognize Craig Wright as Satoshi Nakamoto

Copyright registrations for the Bitcoin white paper and the bitcoin (BTC) source code by the U.S. Copyright Office do not mean that Craig Wright is recognized as Satoshi Nakamoto. Copyright registrations for the Bitcoin white paper and the bitcoin (BTC) source code by the United States Copyright Office do not mean that Australian computer scientist Craig Wright is recognized as Satoshi Nakamoto by the government, the Financial Times reported on May 22. The development follows news that Wright filed copyright registrations for the Bitcoin white paper authored […]

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NYMEX Trader: Bitcoin Soon to Move Back to $7,000, Markets to Consolidate

A cryptocurrency trader at the New York Mercantile Exchange said that bitcoin will move back to $7,000 and consolidate soon. A cryptocurrency trader at the New York Mercantile Exchange (NYMEX) said that bitcoin (BTC) will likely move back to $7,000 and consolidate soon in an interview with CNBC on May 21. Delivering his comments on CNBC’s Trade Alert show, Anthony Grisanti of NYMEX said that he thinks the price of bitcoin will get back to $7,000 in a short period of time, meaning that the market will […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 22

Watch out for the dip as it might offer a good opportunity to buy. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Analysts believe that the rally in Bitcoin might witness a short-term blip but is likely to resume its up-move and reach $9,659 by year’s end. The reason for […]

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Dutch Authorities Shut Down Bestmixer

The Dutch Financial Intelligence and Investigation Service (FIOD) has shut down cryptomixing site Bestmixer.io. According to local media, Dutch authorities moved to shut down the site on May 22, 2019, as part of a joint operation with police agencies from several European nations, including France, Latvia and Luxembourg. Following concerns originally raised by the online security company McAfee in 2018, the FIOD has claimed that the service was used for money laundering. As Dutch media reported, no arrests have yet been made in the Bestmixer case, as […]

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Bitfinex and Tether Obtain Stay of Demands From New York Supreme Court

Crypto exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted a stay of demands of which they applied on May 21. Cryptocurrency exchange Bitfinex and its affiliated stablecoin issuer Tether have been granted its stay of demands for which they applied yesterday May 21, according to a blog post published on May 22. Per the post, the Hon. Joel M. Cohen of the New York Supreme Court (Commercial Division) ruled to grant the companies their motion for an immediate stay of the document demands. The […]

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7,000 BTC Lost in Hangzhou Scam

This article was originally published by 8btc and written by Vincent He. Nearly 100 victims from various parts of China have reported to the Hangzhou police bureau, claiming that they were deceived by two young men, named Zhou Yi and Li Xiang, who allegedly stole nearly 7,000 bitcoin through exchanging or borrowing. According to the victims, Zhou and Xiang had claimed on the internet that they could exchange bitcoin as futures and provide interest. The victims trusted them, as some preliminary orders in small amounts were delivered […]

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Coinbase Payment Processing Service Now Supports Circle’s USDC Stablecoin

Major U.S.-based cryptocurrency exchange Coinbase announced that its payment processor Coinbase Commerce now supports Circle’s USD Coin. Major United States-based cryptocurrency exchange Coinbase announced that its cryptocurrency payment processor Coinbase Commerce now supports Circle’s stablecoin USD Coin (USDC) in a blog post on May 20. Per the announcement, Coinbase Commerce users can now accept USDC payments with no transaction fees. The announcement specifies that “unlike accepting credit card payments, merchants can accept USD Coin without geographical limitations or the need for a traditional bank account.” Additionally, Coinbase […]

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Multicurrency Crypto Wallet Integrates Apple Pay, With Google Pay to Follow Within Weeks

sponsored A multicurrency digital wallet has announced that it has fully integrated Apple Pay into its app, opening new payment options for users. A multicurrency digital wallet that enables consumers to store crypto and spend their funds at more than 40 million outlets worldwide has fully integrated Apple Pay. Spend says the latest version of its Spend Wallet app unlocks instant access to the popular iPhone feature, meaning that more than 20 supported cryptocurrencies can be instantly converted to fiat and used to complete a mobile transaction on […]

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Cryptopia Cracked: Are Centralized Exchanges the Way to Go?

Cryptopia liquidation provides food for thought for potentially unsafe exchanges and their users. It goes without saying that exchanges command significant influence over the cryptocurrency market, being the exclusive portals for fiat into the world of blockchain. Exchanges are also the most significant winners of the cryptocurrency craze, and bank billions by raking in fees and maintaining custody over sizeable crypto wallets comprised of their own funds but also those of the customers. In a largely unregulated environment, the latter idea comes with its own set of implications […]

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