Monthly Archives: August 2019

Cryptocurrency Lender Dharma to Postpone Accepting New Deposits and Loans

Cryptocurrency lending platform Dharma has put a moratorium on new deposits and loans, adding that they are still hard at work on their product. San Francisco-based crypto lender Dharma has decided to pause new deposits and loans on its platform.  Dharma announced their decision in a series of official Twitter posts on Aug. 7. Their second tweet in the series reads: “For now, we’re pausing new deposits and loans in Dharma. If you have an existing deposit or loan with Dharma, you’ll still be able to access […]

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BMO Chief Investment Strategist: Too Soon to Call Bitcoin a Safe Haven

An investment banking strategist for BMO says Bitcoin has shown a lot of volatility, and it is too soon to call it a safe haven. Brian Belski, chief investment strategist at the investment banking company BMO Capital Markets, said that he thinks it is premature to call Bitcoin (BTC) a safe haven from economic turmoil. Belski shared his views on Aug. 7 on CNN Business show Markets Now, where he said: “Bitcoin has been excessively volatile, especially the last couple of years. It’s the sexy kind of […]

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Cryptophyl.com Launches Dedicated Exchange for SLP Tokens and BCH

The team behind the former cryptocurrency exchange Voltaire recently announced the launch of a new trading platform specifically designed for Simple Ledger Protocol (SLP) tokens. Three weeks ago the new exchange called Cryptophyl.com launched its trading engine and the first SLP token supported is the community-driven Spice token. Also Read: New Liberty Dollar Founder Subpoenaed in the Billion-Dollar Bitcoin Lawsuit Meet Cryptophyl.com: A Crypto Exchange Dedicated to SLP Tokens The Simple Ledger Protocol phenomena has captured the BCH community by storm and since the project launched, thousands […]

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Dark Market Drug Dealers Plead Guilty, Forfeit Crypto Proceeds

A drug-dealing couple has pleaded guilty to selling a variety of controlled assets on the dark web in exchange for cryptocurrencies. A couple operating out of Merced, California have pleaded guilty to selling drugs on the dark web in exchange for cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH). The United States Department of Justice announced the charges in a press release on Aug. 6. According to the announcement, Jabari Monson has pleaded guilty to conspiring to distribute controlled substances, while Saudia Monson plead guilty to violating […]

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Crypto Tax Bill Introduced in the US House of Representatives

A U.S. representative has introduced a bill that would free up cryptocurrencies from double taxation under the Internal Revenue Code. A tax bill seeking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives. To amend the Internal Revenue Code of 1986 The bill dubbed the “Virtual Value Tax Fix Act of 2019” was initially introduced by Rep. Ted Budd (NC-R) on July 25 and referred to the Committee on Ways and Means. […]

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Crypto Startups Still Raising Millions in Capital Despite ICO Decline

Venture capitalists continue to fund cryptocurrency startups even as ICO fundraising remains significantly low. In late July 2019, Sony Financial Ventures joined a $14.5 million funding round for Bitcoin (BTC) bank Bitwala. Back in 2017 and 2018, such a figure might not have made many headlines, as crypto startups were raking in hundreds of millions of dollars in initial coin offerings (ICOs). The ICO boom has, however, stalled significantly, with fundraising figures for 2019 a far cry from the massive amounts earned by projects in the two […]

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Kik Lawyers Say SEC Has No Strong Evidence, Twisted Facts in Complaint

Kik says the SEC’s allegations are based on smoke and mirror tactics, and that they have no strong evidence to support their case. Social media organization Kik has responded to a United States Securities and Exchange Commission (SEC’s) complaint alleging that Kik violated securities laws in its 2017 token fundraiser.  In a court filing dated Aug. 6, Kik’s lawyers state that the SEC relied on taking quotes out of context and twisting facts in order to support their allegations. Kik further wrote that the SEC resorted to […]

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Malaysian Electric Utility Raids 33 Illicit Bitcoin Mining Facilities

Malaysian electric utility Tenaga Nasional Bhd has raided 33 illegal Bitcoin mining operations that were allegedly stealing electricity. Authorities raided Bitcoin (BTC) mining operations in Malaysia after finding that they were stealing electricity resulting in a loss of 3.2 million Malaysian ringgit ($760,736) to the utility company. 33 facilities illegally mining Bitcoin Malaysian major electric utility Tenaga Nasional Bhd (TNB) fell victim to an illegal cryptocurrency mining operation, which resulted in a $760,736 loss, local media organization Malay Mail reported on Aug. 7. After revealing the malpractice, […]

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Price Analysis 07/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Bitcoin is struggling to move up. What are the critical levels to watch out for? Let’s analyze the charts. 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. The rally in cryptocurrencies has largely been led by Bitcoin (BTC). Its dominance has increased from 51.63% at the start of the […]

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ShapeShift Addresses KeepKey Hardware Wallet Vulnerability Report

Cryptocurrency swaps and hardware wallet producer ShapeShift addressed recent KeepKey hardware wallet vulnerability allegations. Cryptocurrency swaps and hardware wallet producer ShapeShift addressed recent KeepKey hardware wallet vulnerability allegations. ShapeShift responded to an alleged vulnerability submitted through its responsible disclosure program in a Medium post published on Aug. 4. Per the announcement, the firm received a vulnerability report through the program on May 1, which described what the researchers believed to be a hardware vulnerability. The purported vulnerability would allow an attacker to read what was on the […]

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