Monthly Archives: August 2019

Judge to Chase: Buying Crypto on Credit Not Necessarily a Cash Advance

A New York judge has said that crypto purchases might not be cash advances, and a class action suit against Chase can largely proceed. Southern District of New York Judge Katherine Polk Failla has ruled that purchasing cryptocurrency with a Chase Bank credit card does not necessarily count as a cash advance, as per Chase’s contract. According to an opinion and order document dated August 1, Judge Failla has denied Chase’s motion to dismiss a number of the plaintiff’s complaints, which center on the bank charging a […]

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Elliptic Launches Data Set to Identify Crypto Money Laundering

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set geared toward identifying cryptocurrency transactions associated with money laundering. Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML). The development was announced in a press release shared with Cointelegraph on Aug. 2. Making the crypto world more transparent Having developed a data set of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion,  Elliptic claims it to be the largest set of labeled transaction […]

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Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com has appointed Stefan Rust as its new chief executive officer as Roger Ver steps aside. Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said: “I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome […]

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Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

On August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope as well. Walmart’s patent follows Facebook’s recent Libra announcement and the ‘Walmart coin’ specifications are similar to the social media giant’s project as well. Also Read: Pre-Register for Bitcoin.com’s New Crypto Exchange […]

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Steve Bannon: Crypto to Become Part of ‘Global Populist Revolt’

Steve Bannon, former Chief Strategist to US President Donald Trump, thinks that Bitcoin will be part of a “global populist revolt,” with cryptocurrencies having a big future. Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, expressed his admiration for Bitcoin (BTC), seeing it as part of a “global populist revolt,” in an interview with CNBC’s Squawk Box on Aug. 2. “Global populist revolt” Bannon argued that the leading digital currency Bitcoin could be a very important part in “this […]

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Behind Ripple’s Regulation Call: ‘Do Not Paint Us With a Broad Brush’

Ripple has a long history of pro-regulation declarations and actions, but this time, its fervor appears to be profoundly reactive… Ripple, whose business is built on providing financial institutions with an infrastructure to facilitate international payments and currency trades, has always been a more likely ally to governments and regulators than most other major blockchain projects and cryptocurrencies. Seeking to enhance rather than disrupt the operations of the legacy financial industry, the company has been long stressing the importance of a clear-cut policy framework for the banks […]

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Circle OTC Trading Branch Head Daniel Matuszewski Resigns

The head of Circle’s over-the-counter trading desk has resigned and an in-house trader will reportedly fill his vacancy. Daniel Matuszewski, head of over-the-counter (OTC) trading at the money transfer and BitLicensed crypto trading company Circle, has resigned. The Block reported news of Matuszewski’s departure on August 2. He apparently said that he was resigning to pursue a “brand new entrepreneurial opportunity in crypto.” According to the report, an anonymous source has said that Nick Gustafson will be entering Matuszewski’s prior role. Gustafson previously worked as a trader […]

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Bitcoin Goes Beyond $10K, US Stock Markets Drop Amid Trade War Fears

Bitcoin consolidates around $10,500, while U.S. stock markets drop amid trade war fears. Friday, Aug. 2 — Bitcoin (BTC) consolidated at around $10,500, while the top 20 coins by market cap are seeing mixed signals. 13 out of 20 top cryptos by market cap are seeing green at press time, with Texos (XTZ) recording the biggest gains in the list, up more than 6%, according to CoinMarketCap. On the other hand, Litecoin (LTC), the fourth biggest crypto, dropped the most, down more than 4% over the past […]

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Grayscale to Conduct One of Largest Single Day Crypto Transfers

Digital asset management fund Grayscale Investments will today transfer nearly $3 billion worth in cryptocurrency holdings to American crypto exchange Coinbase. Today, digital asset management fund Grayscale Investments will transfer nearly $3 billion worth in cryptocurrency holdings to American major crypto wallet provider and exchange exchange Coinbase. Largest single crypto transfer? As Forbes reported on Aug. 2, Grayscale is going to move almost $3 billion worth of its digital currency holdings, including Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and Ripple (XRP), among some other […]

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Buterin Supports BTC-ETH Mix, as Future of Crypto Is ‘Pluralist’

Vitalik Buterin supports the integration of Bitcoin LN with Ethereum, claiming that future of crypto is diverse and pluralist. Ethereum co-founder said that the future of crypto is pluralist in response to a recent proposal of mixing Bitcoin (BTC) Lightning Network (LN) with Ethereum. Blockade Games using Bitcoin LN as an interface for Ethereum contracts On July 31, blockchain-focused game developer Blockade Games posted an article on implementation of Bitcoin LN as an interface for Ethereum contracts in order to enable instant payments in Bitcoin, while simultaneously […]

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