Monthly Archives: August 2019

Bitex Partners With Bantotal For More Cross-Border Payments in Latin America

BTC exchange Bitex has partnered with Uruguay-based financial software company Bantotal to expand its cross-border payments offerings in Latin America. Bitcoin (BTC) exchange Bitex has partnered with Uruguay-based financial software company Bantotal in order to expand it cross-border payments system on the Bitcoin blockchain to Latin America. CoinDesk announced the companies’ new partnership in a report on Aug. 13. According to the report, the upshot of this partnership is that Bantotal’s clients will have access to Bitex’s exchange services via a marketplace that hosts traditional financial services […]

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IOHK CEO Charles Hoskinson Announces Upcoming Release of Cardano v1.6

Charles Hoskinson, the CEO of IOHK, says that version 1.6 of Cardano is set to roll out within days. Charles Hoskinson, a former CEO of the Ethereum Network and current CEO of IOHK, has announced that IOHK-supported project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. […]

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Cryptocurrency Market Sees Red as Bitcoin Slumps Below $11,000

The crypto market is in the red as BTC see week-long descent and XRP may be facing legal troubles with a newly-amended class action suit. Tuesday, Aug. 13 — Bitcoin (BTC), Ether (ETH) and XRP continue to bleed amid a crypto market turning red.  Market visualization. Source: Coin360 Bitcoin is trading at $11,005 at press time, with a 3.83% loss on the day. Bitcoin broke $12,000 three days in a row, from Aug. 6 to Aug. 8., but never managed to hold these highs for a significant […]

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Kraken Users’ Report Difficulties With Connecting to Site and API

San Francisco-based cryptocurrency exchange Kraken’s users are reportedly experiencing difficulties with connecting to the site and application programming interface. San Francisco-based cryptocurrency exchange Kraken’s users are experiencing difficulties with connecting to the site and application programming interface (API). In a tweet published on Aug. 13, Kraken warned the public that it is receiving reports of clients having issues connecting to the site and API. The exchange further states that it is investigating the issue and will post related update. Back in January, the Exchange Security Report from […]

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Industry Investors Shift Focus From Crypto to Convergence Apps: Report

2019 has seen a shift in investment from digital currency to convergence applications according to new “Investment in Blockchains 2019” report from Outlier Ventures. The year of 2019 has witnessed a shift in investments from focusing purely on digital currency to convergence applications, according to a new report from Outlier Ventures published on Aug. 13. Early stage investors shift focus The “Investment in Blockchains 2019” report, which provides insight into blockchain investment and market trends in 2019, states that blockchain-focused companies have secured $23.7 billion since 2013. […]

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Disgruntled Investor Appeals to U.S. SEC Guidelines in Class Action Suit Against Ripple

After about a year without traction, a class action suit against Ripple has opted to cite SEC guidelines in arguing that XRP is a security. XRP investor Bradley Sostack has amended a class action suit against Ripple, in which he alleges that the company misled investors and proceeded to sell XRP as an unregistered security, in violation of federal law. Sostack submitted his latest filing on Aug. 5 to a United States district court in California. According to a report by CoinDesk on Aug. 13, the original […]

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Google Cloud Partners With Enterprise Blockchain Platform Cypherium

Google Cloud and blockchain platform Cypherium have partnered to deliver enterprise blockchain services to Google Cloud clients. Ubiquitous tech behemoth Google cloud wing is entering into another partnership with a blockchain platform, Cypherium.  Cypherium announced the new partnership in a press release shared with Cointelegraph on Aug. 13. Cypherium describes its product, Cypherium Enterprise, as an enterprise-focused blockchain platform with a focus on scalability and decentralization. As a result of this partnership, Google Cloud customers will have access to Cypherium’s blockchain solutions, as per the announcement. As […]

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US Court Temporarily Freezes $8M in Response to SEC Request Yesterday

A United States District Court has entered a temporary emergency freeze requested by the SEC on $8 million held by a New York citizen and two of his entities’ related assets. A United States District Court has entered an emergency freeze to preserve $8 million of a New York citizen and two of his entities’ related assets following the U.S. Securities and Exchange Commission (SEC) complaint filed on Aug. 12. Per the SEC’s announcement published on Aug. 13, the court agreed, ordering the temporary freeze of at […]

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Coinsquare Partners with FlexaHQ to Bring Crypto Payments to Canada

United States cryptocurrency payments startup Flexa has partnered with crypto exchange Coinsquare to bring in-store digital currency payments to Canada. One of Canada’s top crypto exchanges, Coinsquare, has partnered with United States cryptocurrency payments startup Flexa to bring in-store digital currency payments to Canada. In-store crypto payments in Canada The official Twitter account of Canadian cryptocurrency exchange Coinsquare announced on August 13 that the firm partnered with U.S.-based crypto payments startup Flexa. The partnership will reportedly allow the latter company to expand its in-store crypto payment processing […]

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EU Members Adopt Tougher Crypto Rules Than AML Directive Requires

Europe is gradually tightening the rules for the crypto space. A wave of new regulations are introducing stricter requirements for companies operating in the industry and cryptocurrency users are going to feel the difference in the coming months. The measures stem from the obligation of member states to transpose EU’s Fifth Anti-Money Laundering Directive (AMLD5) into national law by January. Unfortunately, they often go beyond what Brussels wants them to do. Also read: Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide German […]

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