Category Archives: Crypto Daily

The Daily: Anti-Crypto Politician Backed by Payments Firm, Grayscale Raised $250m in H1

In today’s edition of Bitcoin in Brief we cover an American anti-crypto politician who is financially backed by a legacy payments firm, a positive change of leadership at Goldman Sachs, Grayscale’s performance during first half of 2018 and much more. Also Read: Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves” He Who Pays the Piper Calls the Tune Whenever you hear politicians talk about something and it sounds like they don’t have a clue about it, it’s important to remember that they may have a vested […]

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No Matter How You Slice It — Token Assets Are Coming to Bitcoin Cash

Two more types of BCH tokenization projects have been announced on July 18, giving the BCH community a wider variety of different ideas that can bring forth the concept of representative tokens into reality on the Bitcoin Cash network. Also read: Powerful Cryptocurrency Firms on the Road Towards Becoming Banks Bitcoin Cash Community Greeted by Two More Token Creation Systems The Bitcoin Cash (BCH) network has seen a lot of development since the last hard fork which debuted the reenabled Satoshi OP_Codes and the upgraded default data-carrier-size. […]

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Indian Bitcoin Ponzi Schemer Offers to Repay Initial Investments to Victims

The alleged bitcoin Ponzi kingpin, Amit Bhardwaj, has reportedly offered to pay back the initial investments in Indian rupees to those who lost money through his scheme. However, victims want the current value of their cryptocurrencies, not the initial investments. Zebpay, one of India’s largest crypto exchanges, has also been called in to help with the investigation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitcoin Ponzi Kingpin Offers to Compensate Victims Amit Bhardwaj, the founder of GBminers and Gainbitcoin, has offered “to pay back investors […]

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Eastern Europe: Regulation Postponed, Tax Abandoned, Banks Enlightened

Eastern European nations have been following closely regulatory developments in the West to better understand where the wind is blowing before addressing the challenges presented by cryptocurrencies. This strategy has proved fruitless, however, as developed western countries, and international organizations, have not been able to come up with a unified approach towards regulating the crypto space. The weightlessness goes on. Also read: US Ranked Top Destination for Coin Offerings, Majority of ICOs Identified as Scams Russia Postpones Crypto Regulation The adoption of the legislation meant to regulate […]

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CheapAir Says Goodbye to Coinbase, Hello to BTCPayServer

Online travel agency CheapAir.com has announced it is no longer working with Coinbase to process its customers’ bitcoin payments. In Coinbase’s stead, the company has turned to BTCPayServer, an open-source bitcoin payment processor. CheapAir had been partnered with Coinbase since early 2013, but this April, the digital currency exchange explained that it was shutting down its merchant platform, leaving CheapAir in the dark and struggling to find a steady replacement. The company wrote in a blog post that its affiliation with BTCPayServer largely stems from customer feedback that […]

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How Coinmarketcap Incentivizes Exchanges to Report Fake Volume

Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of being complicit in the scam. Also read: Powerful Cryptocurrency Firms on the Road Towards Becoming Banks Bitforex, Coinmarketcap and the Case of the Fake Volume Everything about Bitforex looks off – including its […]

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China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018. Also Read:Powerful Cryptocurrency Firms on the Road Towards Becoming Banks Bitmain, Canaan Creative, and Ebang Ranked as Chinese ‘Unicorns’ Shanghai-based Hurun Research Institute has published its Q2 Unicorn Index for the Greater […]

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Line’s Cryptocurrency Exchange BITBOX Is Now Open for Business

Singapore-based cryptocurrency exchange BITBOX, which is also a division of Japanese internet giant Line Corporation, is now up and running. Operations began on July 16, 2018, and services are available in roughly 15 different languages to traders of every country except Japan and the U.S. Investors can now access markets for up to 30 separate digital currencies including bitcoin, bitcoin cash, ether and litecoin. BITBOX’s Product Manager Edward Lee spoke with Bitcoin Magazine regarding the launch. In the interview, he indicated that it’s always been Line Corporation’s goal to […]

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Coinfloor Turns to Trading Technologies to Monitor Market Manipulation

Coinfloor, a cryptocurrency exchange that operates multiple subsidiary exchanges, is joining hands with Trading Technologies International, Inc., a leading trading software provider. The organization will utilize the software company’s TT Score machine-learning technology so executives can examine and monitor suspicious activity occurring on their exchanges. Speaking with Bitcoin Magazine, Morgan Trinkaus, product manager at Trading Technologies, explains that manipulation usually occurs in every market but that the cryptocurrency industry is particularly vulnerable as it is less mature. “The larger percentage of inexperienced retail traders [and] the higher […]

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Mastercard Patents a Method to Manage Cryptocurrency “Fractional Reserves”

Mastercard has patented a method to manage cryptocurrency “fractional reserves”. The big idea behind it seems to be that users will be able to pay with fiat on credit cards partly backed by crypto assets using a centralized system offering faster transaction conformation speeds. Also Read: IBM Backs the Development of Latest New Stablecoin, Stronghold USD Cryptocurrency “Fractional Reserves” Credit card giant Mastercard (NYSE: MA) was granted a patent for a “Method and system for linkage of blockchain-based assets to fiat currency accounts.” A disclosure from the […]

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