Monthly Archives: August 2019

Would Blockchain Better Protect User Data Than FaceApp? Experts Answer

Experts in the cryptocurrency and blockchain industries take on concerns about users’ privacy violations connected with the popular FaceApp mobile application. FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential privacy violations for users that upload their photos to be edited. Rumors have circulated that the application might even be taking users’ photos from their phones and uploading them to the FaceApp […]

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Coinbase and Barclays Part Ways, Will UK Users Be Affected?

Barclays halts business with Coinbase as exchange needs an innovative bank to tailor to its AML and KYC needs, but will U.K. customers be better off now? It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank.  While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British pounds at the exchange, ClearBank […]

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Silvergate Bank Plans to Offer Cryptocurrency-Collateralized Loans

Silvergate Bank’s Silvergate Capital Corporation is examining the possibility of offering cryptocurrency loans. The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes: “We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high quality customer relationships and further enhance our interest income.” In the document, the firm states that it found significant […]

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Bitcoin Circles $10,400 as Altcoins Rally, XRP Posts 10% Gains

The crypto markets are seeing a wave of green, with altcoins posting the strongest gains and Bitcoin close to $10,400. Sunday, Aug. 18 — Crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) circling the $10,400 mark. Market visualization. Source: Coin360 After yesterday’s correction, BTC is today up nearly 2%, bringing it to $10,393 by press time.  While still roughly $1,000 short of its price point at the start of its 7-day chart,  (Aug. 11), today’s recovery has […]

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Top-5 Crypto Performers: LINK, LEO, BCH, ETC, BSV, OKB*

Most top performers of the past seven days are consolidating in a range. At what levels do they become an attractive buy? Let’s look at the charts. 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. The market data is provided by the HitBTC exchange. Only a handful of hedge funds have invested large sums of money in […]

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US Lawmakers to Visit Switzerland to Discuss Crypto, Facebook’s Libra

A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s stablecoin Libra being in the focus. A delegation of the United States House of Representatives will visit Switzerland on cryptocurrency concerns, with Facebook’s not-yet-released stablecoin Libra being in the focus. As local weekly news outlet NZZ am Sonntag reported on Aug. 17, a six-member delegation from the House Financial Services Committee is going to meet with Swiss Federal Data Protection and Information Commissioner (FDPIC) Adrian Lobsiger to exchange views about […]

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$240M in Suspected Scheme Assets Moves in Four Bitcoin Transactions

Over $240 million in suspected proceeds from crypto exit scheme PlusToken have moved in four Bitcoin transactions. Over $240 million in proceeds from the alleged crypto scheme PlusToken have reportedly moved through four Bitcoin (BTC) transactions. Whale Alert — a Twitter account dedicated to reporting large cryptocurrency transactions — posted on Aug. 17 that four transactions totaling 22,923 BTC were likely the proceeds of PlusToken. The four transactions moved 6,000 BTC, 5,000 BTC, 7,000 BTC and 4,923 BTC. All the transactions took place on Aug. 17. The […]

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China: Shenzhen Special Economic Zone to Include Digital Currency Research

China’s Shenzhen Special Economic Zone will now support the research and promotion of digital funds and the national cryptocurrency based on the renminbi. On Aug. 18, the Central Committee of the Communist Party of China outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital funds and the national cryptocurrency based on the renminbi. According to Chinese news agency STCN: “Mutual recognition of fund products. Promote interoperability with Hong Kong and Macao financial markets and mutual recognition […]

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Hodler’s Digest, Aug. 12–18: BTC Premiums, Coinbase Blow, Binance Revival

Hong Kong and Argentina pay through the nose for Bitcoin, Binance could be back in the U.S. within months and Barclays cuts ties with Coinbase in the U.K. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Premiums for Bitcoin in Hong Kong and Argentina despite price slump Bitcoin (BTC) briefly […]

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Crypto Regulation Outlook in 2019 — What Is the Global Scenario?

Global investor sentiment toward the crypto industry seems to have shifted in recent years. Here’s how the regulations surrounding this space look in 2019… As the global investor community starts to become increasingly aware of what crypto has to offer, it appears as though this burgeoning asset class is becoming more and more accepted. This is probably best highlighted by the fact that after experiencing bearish conditions all through 2018 (with Bitcoin even stooping at one point to around the $3K mark), the digital currency market as […]

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