Monthly Archives: August 2019

Coinbase’s Professional Platform to Begin Listing Process for Algorand Token

The professional trading arm of Coinbase is scheduled to begin listing Algorand, a cryptocurrency developed by an MIT professor. Major cryptocurrency platform Coinbase is adding the Algorand protocol’s eponymous token to its professional-targeted trading platform Coinbase Pro on Aug. 14. Coinbase announced this latest addition in an official blog post on Aug. 9. The cryptocurrency exchange will scale up to full Algorand (ALGO) trading in four steps: transfer-only, post-only, limit-only and full trading.  The announcement also recalls some other common procedures for adding a new token to […]

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South Korean Holding Company Uses Ripple Fork to Develop Donations Platform

South Korean holding company SK C&C has developed a platform for charitable donations, using a fork off of Ripple’s blockchain. South Korean holding company SK C&C has unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token. South Korean news daily Chosun reported about the company’s initiative on Aug. 9. According to the report, the donation platform is still strictly in the […]

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Tokens Built on Bitcoin Cash Are Cheaper to Send Than Those of Rival Networks

Satoshi Nakamoto’s Bitcoin technology has inspired a lot of innovation spawning a myriad of tokens representing digitized assets. There are now token creation systems on blockchain networks like Omni Layer, Counterparty, and Ethereum. Each framework comes with the cost of sending tokens and right now the Simple Ledger Protocol is one of the cheapest most cost-effective ways to issue and send tokens. Also read: Meet ‘Spedn’ — A Smart Contract Programming Language for Bitcoin Cash The Rising Popularity of Tokens Built on Some of the Best Known […]

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Report: Crypto Custodian BitGo Expands Japanese Presence, Builds Team

Digital asset trust and security company BitGo is reportedly expanding its presence in Japan and adding new staff. Digital asset trust and security company BitGo is reportedly expanding into the Japanese market, The Block reported on Aug. 9. A source familiar with the matter told The Block that BitGo is expanding its presence in Japan. According to the report, BitGo is planning to grow its Japan-based team, including hiring a sales director for the company’s sales team in Tokyo. Per a dedicated job post published by BitGo […]

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Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?

U.S.-China trade war escalates, China is stepping up national crypto development, anonymous PBoC source says crypto “brings both risks and opportunities.” After a short stay in the red zone, Bitcoin (BTC) has recovered toward $12,000, with traders turning bullish as ever. Experts call the United States-China trade war a key reason for the main cryptocurrency’s price fluctuations. Fuel to the fire has been added by the recent announcement by the People’s Bank of China (PBoC) of plans to get ahead of the U.S. and Facebook’s Libra by issuing […]

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Billionaire Mark Cuban: ‘I See Gold and Bitcoin as Being the Same Thing’

American billionaire Mark Cuban says Bitcoin and gold are fundamentally the same thing, and that gold is a terrible investment. Mark Cuban, owner of the Dallas Mavericks professional basketball team, has said that he hates gold as an investment, and views Bitcoin (BTC) as fundamentally similar to gold. Cuban delivered his remarks in an interview with Kitco News on Aug. 9. He did note that he views Bitcoin’s finite supply as a bonus to its investment value, saying: “They’re both collectibles. The value is based off supply […]

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Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank

A Bitcoin investor is bringing a class action suit against an Israeli bank in light of their refusal to accept deposits of funds made from crypto trading. An unnamed investor has filed a lawsuit against the Israeli Bank Hapoalim in the amount of approximately $22.5 million, on account of the bank allegedly refusing to accept deposits of profits earned via Bitcoin (BTC).  Industry media outlet BlockTV discussed the lawsuit in a report on Aug. 9. According to the report, the complaint is being filed as a class […]

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Price Analysis 09/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Bitcoin is at a critical level. A breakdown might hurt sentiment across the crypto universe. 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. Vertical moves are unsustainable in the long run. Hence, it is always better if there are consolidations in between because those levels act as a floor during […]

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Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC

Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite — or make mistakes in attempting to do so — can get chomped, and hard. Ominous tax laws and ever-increasing state requirements for exchanges have some wondering if these maladies could stall the Bitcoin revolution. Also […]

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Texas Securities Watchdog Shuts Down Craigslist Crypto Scammer

The Texas State Securities Board issued a cease and desist order against an alleged crypto scammer advertising on Craigslist. Authorities in Texas have issued a cease and desist order against an alleged crypto scammer operating on Craigslist. According to an Aug. 7 announcement, the Texas State Securities Board (SSB) enforced an emergency action against New York-based purported investment provider Forex and Bitcoin Trader. The SSB states that this is the fourth such action since the regulator started a second investigative sweep of suspect fraudulent crypto offerings in […]

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