Monthly Archives: June 2019

Galaxy Digital Fund Leads Funding Round for Blockchain-Based Game Platform

A Galaxy Digital fund led a $1.8 million seed funding round for a blockchain-based gaming rewards program, which uses blockchain-based quizzes to engage players. A fund of cryptocurrency investment bank Galaxy Digital led a $1.8 million seed funding round for Azure’s blockchain-based gaming rewards platform, VentureBeat reports on June 5. Smart Challenge, Azure’s gaming rewards platform, reportedly allows users to create and compete in challenges on the EOSIO blockchain protocol. By using blockchain technology, the challenges are said to be verifiably fair, since participants can see all the […]

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President of Brazil Jair Bolsonaro: ‘I Do Not Know What Bitcoin Is’

The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin is, and supported the suspension of a project that would create a crypto for indigenous people to use. The president of Brazil, Jair Bolsonaro, has stated that he does not know what bitcoin (BTC) is, and endorsed the suspension of a project that would create a crypto for indigenous people to use, Cointelegraph Brazil reported on June 4. Bolsonaro supported the Minister of Women, Family and Human Rights, Damares Alves in the […]

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Binance to Reportedly Introduce Its Own Stablecoins ‘Within Two Months’

Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months. Leading cryptocurrency exchange Binance will reportedly issue its own stablecoins within two months, Bloomberg reported on June 5. Binance’s Chief Financial Officer, Wei Zhou told Bloomberg that the exchange will start issuing its own stablecoins “in a matter of weeks to a month or two,” with the goal to make stablecoins available for more of the world’s currencies. The exchange’s first stablecoin dubbed “Binance GBP” will reportedly be denominated in and 100% pegged to […]

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US SEC Adds Fraud to List of Charges Against ‘Crypto’ Firm Longfin

The U.S. SEC has filed a complaint against alleged cryptocurrency firm Longfin Corp. and CEO Venkata S. Meenavalli over new discoveries of alleged fraud. The United States Securities and Exchange Commission (SEC) has filed fraud charges against supposed cryptocurrency firm Longfin Corp. and its CEO Venkata S. Meenavalli, according to a press release on June 5. Longfin saw a massive jump in its share price in 2017 when it claimed that it had redirected its business model toward blockchain technology. The associate director of the Division of […]

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P2P Bitcoin Exchange HodlHodl Launches Lightning Network Support

Non-custodial peer-to-peer exchange HodlHodl announced Lightning Network support. Non-custodial peer-to-peer (P2P) bitcoin (BTC) exchange HodlHodl announced Lightning Network support in a Medium article published on June 5. The announcement claims that now “everyone is able to buy bitcoins and receive them directly into their Lightning wallet & sell bitcoins directly from their Lightning wallet.” The post also notes that the platform has previously tested Lightning Network support on the test network. The company reportedly only implemented Lightning Network support after successful testing. The post further highlights that […]

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Report: Facebook to Announce Cryptocurrency Project This Month

Facebook will reportedly announce its cryptocurrency project this month. Social media giant Facebook will reportedly announce its cryptocurrency project this month, allowing employees to take part of their salary in the coin, CNBC reports on June 5. Citing a report by The Information, CNBC states that Facebook furthermore plans to cede control of the cryptocurrency to outside parties in order to ensure that the digital asset will not be completely centralized. Third-party organizations will purportedly pay as much as $10 million dollars for the opportunity to act […]

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Former Mt Gox CEO Mark Karpeles Announces New Blockchain Startup

Former Mt. Gox CEO Mark Karpeles is dipping his feet back into the crypto industry as he wants to help Japan become a powerhouse within the blockchain economy. The former CEO of the now-defunct exchange told the media on June 5 about his new venture called Tristan Technologies. Also read: Mt Gox CEO Mark Karpeles Found Not Guilty of Embezzlement Mark Karpeles Is Back in the Crypto Business Statistically speaking, Mark Karpeles was extremely fortunate to have been found not guilty of embezzlement in Japan, which has […]

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South Korean Post Teams Up With Crypto Exchange to Apply Blockchain

South Korean authorities will spend $677,000 to apply blockchain in the billing system of the national postal service. South Korea’s national postal service Korea Post is planning to apply blockchain technology to its billing system, local news agency News1 Korea reports on June 5. The initiative is a collaboration between the South Korean government and local private companies including cryptocurrency exchange Coinplug and global IT company NHN. According to the report, South Korean authorities will grant project participants 800 million won ($677,000) in order to support the […]

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California Public Accountants Seek Clarity on Cryptocurrency Holdings

CalCPA has urged the FASB to initiate a project for accounting cryptocurrencies. The California Society of Certified Public Accountants (CalCPA) is seeking clarity on cryptocurrency holdings from the Financial Accounting Standards Board (FASB), according to a recent letter obtained by Cointelegraph. In the letter, CalCPA stated that accounting for digital currencies is not adequately captured under existing United States Generally Accepted Accounting Principles (GAAP) established by the FASB, and should be generally aligned with the accounting model for a foreign currency. The organization said that many of […]

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BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX: Price Analysis 05/06

Most major cryptocurrencies have broken down of their first support. Has the recovery from the lows come to an end? 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. There is a large disconnect between traditional investors and crypto investors on how they approach cryptocurrencies. Billionaire investor Stanley Druckenmiller said that […]

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