Category Archives: Crypto Daily

Digital Bank Revolut Surpasses 3 Million Customers

U.K. startup Revolut has announced that its customer base has surpassed three million users. The fintech platform, which has quickly become a viable online alternative to traditional banking, was established in 2015. It currently offers payment and exchange services for a growing number of fiat currencies and cryptocurrencies. Also read: Huobi Opens in Russia, Plans Startup Accelerator and Mining Hotels Fintech Startup Defies Skepticism The company marked the milestone on Twitter: “Three years ago, banks and investors laughed at us. Today, we have signed up three million […]

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The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment

In today’s edition of The Daily, we feature an upcoming bitcoin cash token backed by physical diamonds and an American coffee company that has decided to add cryptocurrencies to its payment options. Additionally, we look at a public mining company that may get a dual listing in Canada, as well as the latest investment by Bitfury. Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018 Rosetta Coffee Adopts Bitcoin Payments Rosetta Coffee, a specialty coffee company based in Lynchburg, Virginia, and Outer […]

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President of Marshall Islands Faces Challenge Over National Cryptocurrency Plan

The president of the Marshall Islands, Hilda Heine, has narrowly survived a no-confidence vote. One of the principal catalysts for the challenge to Heine’s leadership has been opposition to her plan to introduce a national virtual currency. Also Read: Venezuela: Petro Can Be Converted to Any Cryptocurrency If Bought This Year Heine Barely Survives No-Confidence Vote Heine, the 67-year-old president of the island nation and the sole female head of state in the Pacific region, barely survived the parliamentary no-confidence vote, which took aim at her leadership. The […]

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Sompo Holdings Acquires 10% Stake in Kenyan Cryptocurrency Exchange Bitpesa

Japanese insurance group Sompo Holdings has acquired a 10 percent stake in Bitpesa, a Kenyan digital currency exchange and payments company, for 570 million yen ($5.02 million). The deal is expected to further digitize the insurer’s international remittance service. Also Read: Namibian Bitcoin Trading Platform BTN Persevered Despite Crypto Ban Crypto-Backed Remittances Sompo Holdings said in an online statement that it intends to use the digital currency-backed fiat remittance business of Nairobi-based BTC Africa, which trades as Bitpesa, to lower the cost and time it takes for global currency transfers. […]

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PR: IXE Token Backed by Blockchain Powered Education Platform Little Detective

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Little Detective will be launched in various stages, starting from China, followed by South-East Asian countries and Europe. November 13, 2018: After immense success with ICO and now listed in LAToken, Exrates and Idex, Little Detective is finally on its development and […]

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Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year

The Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ‘Special Period’ Venezuela’s president, Nicolas Maduro, visited the headquarters of the Superintendency of Cryptoassets and Related Activities (Sunacrip) last week to sign up for a petro savings plan, the Ministry of Popular Power for Communication and Information (Minci) announced. […]

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Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban

Bitcoin Trade Namibia (BTN), an emerging bitcoin marketplace, is trying to make things work for Namibians keen on investing in digital assets, even though it could take up to three days before buy orders are settled. However, in an industry where government forces crave control, the delay looks like it should be worth the wait. Also Read: Iran Completes Development of Rial-Supported National Cryptocurrency Namibia’s Investor-Centric Marketplace BTN has adopted the know-your-customer and anti-money laundering requirements of the Bank of Namibia (BoN), the  country’s central bank, giving it […]

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Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide

According to global statistics provided by Coinatmradar.com, there are now close to 4,000 cryptocurrency automated teller machines (ATMs). Moreover, there’s been a huge influx of bitcoin cash ATMs over the past year as there are now 1,200 BCH dispensing devices located around the world. Also read: Markets Update: All Eyes on Bitcoin Cash Prices Before the Pending Fork The Rise of Digital Asset ATMs There are various ways people can purchase bitcoin cash and a slew of other cryptocurrencies around the world and one of them is through […]

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New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security. The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts. With the scoring model’s data, CryptoIns has calculated rates for their coverage depending […]

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Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud Scheme

The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 months on wire fraud charges. Misappropriating Employer’s Funds According to the release, Kim had misappropriated his employer’s funds between September and November 2017. Kim, who was employed by a Chicago-based trading firm […]

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