Monthly Archives: May 2020

Venezuelans Can Now Use Bitcoin to Pay for Goods at 20,000 PoS Terminals

Venezuelans will now be able to use bitcoin to pay for goods and services at more than 20,000 point-of-sale (PoS) terminals throughout the struggling South American country. This follows a deal between Panamanian crypto exchange Cryptobuyer and local payments processor Mega Soft to connect some of Venezuela’s biggest retail chains for this purpose. Stores that are connected will all use Mega Soft’s Merchant Server platform to process payments in BTC, binance coin, dai, dash, ether, tether, and Cryptobuyer’s native token, XPT. Mega Soft processes around 18 million […]

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Another Class Action Against Block.​One Alleges Dirty Dealings During EOS ICO

Filed this morning, the second class action against block.one estimates that U.S. investors made up $200 million of the EOS ICO, in violation of securities law. Per a May 18 complaint, more investors are looking to recoup funds invested in the record-breaking initial coin offering for EOS — which netted a total of $4 billion in cryptocurrency. Lawyers for the plaintiffs are calling over $200 million of that money illegally raised.  Conflict with U.S. securities law and investors The complaint alleges that EOS was an unregistered security […]

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Time Is up for Crypto Firms to Register in the Netherlands Under New AML Rules

Today is the deadline for Dutch crypto companies to register with the Dutch Bank per new AML rules. The deadline is here: On May 18, unregistered Dutch crypto firms could face penalties if they do not fall into line with the Netherlands’ new anti-money laundering (AML) laws, passed by the Dutch Upper House on April 21. According to the Anti-Money Laundering Directive, companies offering crypto-to-fiat or custodial services should have registered by today. In contrast, those offering only crypto-to-crypto services are exempt. The Dutch Bank (DNB), the […]

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CZ May Have Pulled An Elon Musk-Style Gaffe On Twitter

Did CZ inadvertently admit to being involved in the management of CoinMarketCap? In a recent tweet, Binance (BNB) CEO Changpeng Zhao (CZ) may have inadvertently admitted his involvement in the management of the recently acquired CoinMarketCap (CMC). Following in Elon Musk’s footsteps? Zhao’s tweet from May 14 seemingly admits his involvement in managing CMC: Source: Twitter If he is not involved in the managerial decisions of CMC, including the configuration of various metrics, then it raises the question — why is the CEO of Binance making public […]

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YentenCoin (YTN) – The Best CPU Coin or Not Yet At Least

YentenCoin (YTN) is an interesting project that we have stumbled upon when looking around for CPU-only crypto coins and we were pleasantly surprised by it – a good presentation, ongoing development, large number of pools and listed on a number of smaller crypto exchanges. It all seems great, until you look at the trading volume – almost one, yet there seems to be a few hundred people mining the coin. The project describes itself as “the best CPU coin” that can be mined wit everyone that has […]

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Celsius CEO: Catering to ‘The 1%’ Was Not the Plan

After surpassing 50,000 BTC in user deposits, Celsius’ CEO told Cointelegraph that the DeFi app has fallen short on its goals for adoption among smaller users. Earlier this month, pioneering decentralized finance (DeFi) lending application Celsius surpassed 50,000 in total Bitcoin (BTC) deposited to the platform. In an interview with Cointelegraph, Celsius founder and VoIP pioneer, Alex Mashinsky, discussed the milestone, articulating that it was never his plan to cater to ‘the one percent’ of society. Despite 50k BTC deposited, Celsius falls short on plan On the […]

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Austrian Bank Raiffeisen Works on National Digital Currency Pilot

Raiffeisen Bank International is extending collaboration with Polish-British fintech Billon for a new form of DLT-based national currency tokenization. While global jurisdictions are progressing with central bank digital currencies, private institutions also work on digitizing national currencies. Raiffeisen Bank International (RBI), a major Austrian bank, is working on a new form of national currency tokenization using blockchain technology. RBI is extending its collaboration with Polish-British fintech firm, Billon, following a successful test of end-to-end digitized national currency transfers. RBI Coin is designed to speed up cross-border transactions […]

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Price Analysis 5/18: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

Most major cryptocurrencies are struggling to break out of their immediate resistance levels, which could result in a minor pullback for the next few days. Several economies around the globe are lifting lockdown restrictions that have been in place for the past few weeks. This will enable businesses to gradually come back on track and investors are also closely watching the various coronavirus vaccines that are in developmental stages. Any positive news on this front is likely to boost sentiment. As the globe is flush with liquidity, […]

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SoftBank Loses Alibaba’s Jack Ma and Posts Worst Losses in History

Alibaba co-founder Jack Ma resigns from SoftBank’s board of directors as the firm posts the worst operating losses in its history. Alibaba co-founder Jack Ma is stepping down from the board of Japanese tech giant and major blockchain backer SoftBank. After 13 years of close involvement with SoftBank, China’s richest man leaves the board amid SoftBank posting its worst operating losses in its history. According to a May 17 report by Japanese publication Nikkei, Ma’s departure announcement amid Softbank’s Vision Fund reporting record-breaking losses of 1.8 trillion […]

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From Buenos Aires to Beirut – Covid-19 Excuse Restricts Millions of Citizens from Withdrawing Their Own Money

The coronavirus and the government-induced lockdowns have wreaked havoc on the global economy and millions of people can’t access their own money. Reports from financial stricken areas like Venezuela, Argentina, and Lebanon show that citizens are being stopped from accessing their own hard-earned savings. The news shows the great importance of censorship-resistant money and how society should gravitate toward ideas like bitcoin as soon as possible. Covid-19 Withdrawal Restrictions Worldwide Impede Citizens from Taking Out Their Own Funds The coronavirus outbreak was rough, but not nearly as […]

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