Monthly Archives: August 2019

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements

Physical Bitcoin futures settlement exchange CoinFlex has received $10 million in funding from Roger Ver, Polychain Capitals and other investors. Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week. Recent funding and goal Asia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency. Polychain Capital and Digital […]

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Report: Craig Wright Must Forfeit 50% of Bitcoin in Court Case

Australian computer scientist Craig Wright has reportedly lost a court case due to perjury, according to a court audience member. The protracted legal battle involving self-proclaimed Bitcoin (BTC) inventor Craig Wright and the estate of computer scientist David Kleiman could go in Keiman’s favor. According to a court audience member on Aug. 26, Judge Bruce Reinhart rejected Wright’s testimony, stating that he had perjured himself by providing the court with falsified documents and recommended that he hand over 50% of the over 1 million bitcoins Kleiman mined […]

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The Changing Face of Cryptocurrency Trading in 2019

The cryptocurrency exchange landscape has evolved significantly in 2019. The number, quality and diversity of exchanges has multiplied, giving traders an unprecedented number of venues to choose from. This smorgasbord of options risks leaving traders overwhelmed, however, as exchanges jockey for supremacy, launching new features and products designed to woo the competition and cement their market share. These are the main trends and trading platforms that are changing the face of cryptocurrency trading this year. Also read: Immortality, Cryogenics and UBI: How The Crypto Rich Influence Science […]

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Crypto in Court — Overview of the Biggest Lawsuits Worldwide

U.S. court cases against crypto and blockchain firms are inconclusive, but international cases appear to be showing clear support for cryptocurrency. Over the last 24 months, all major legal systems have been floundering to develop a regulatory framework that can be applied across the blockchain industry. This lack of a standard foundation has led to the world watching current court cases within the crypto industry with extreme scrutiny, as these will likely provide a precedence to build future regulatory decisions upon. Cointelegraph has covered many of these […]

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Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

The Central Bank of Brazil has adopted guidelines from the International Monetary Fund for classifying cryptocurrencies. The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines. Brazil’s central bank announced its decision on Aug. 26. With the new classification under IMF standards, traded cryptocurrencies will be classified as non-financial products and as such, will be accounted as goods on the central bank’s balance sheet. A central bank balance sheet, just like a regular bank’s balance sheet, summarizes […]

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Price Analysis 26/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Bitcoin is in a no-man’s land. At what levels will it indicate a resumption of the uptrend? Let’s analyze the charts. Cryptocurrencies can benefit from wider adoption and many believe that with a user base of about two billion people, Facebook can speed up the process. Its Libra project has drawn sharp criticism from regulators, finance ministers and central banks around the world.  Previously, Bitcoin rallied along with risky assets, however, in the past few months, it has been acting similar to a safe haven, though it […]

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Bitcoin Rewards App Lolli Partners With Major US Pet Store Chain

Bitcoin shopping rewards app Lolli has partnered with the major pet retail store Petco, the second largest pet store chain in the United States. Lolli, an app that provides Bitcoin (BTC) rewards to users when they shop with partner stores, has teamed up with major American pet retailer Petco. The rewards deal with Petco Lolli announced the new partnership in an official blog post on Aug. 23. In the announcement, the company notes that there are two new veins of rewards that come with the partnership. One […]

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‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders

The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still haven’t been delivered, crypto holders are nonetheless expected to magically know how to file. Some might even be surprised to learn that exchanges are sharing their financial info with the agency. Also […]

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Ethereum Foundation Grants $2.46 Million to Network Developers

The Ethereum Foundation will distribute over $2.46 million in grants to finance Ethereum 2.0 development. The Ethereum Foundation (EF) announced that over $2.46 million in grants will be given to finance Ethereum 2.0 development. In a post published on the official blog on Aug. 26, EF announced that it has “granted financial awards to various client development teams. The teams in question are tasked with creating Test Networks (testnets) compatible with multiple clients as the first phase of development approaches. The funds will go to nine companies […]

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Investor in Overstock’s Blockchain Firm TZERO Backs Out

Singapore-based equity firm Makara Capital said it will not invest in Overstock’s blockchain subsidiary tZERO. Singaporean private equity firm Makara Capital said it will not invest in Overstock’s blockchain subsidiary tZERO. In an Overstock investor call on Aug. 26, Overstock’s interim CEO Jonathan Johnson said that Makara recently informed the firm that they “will be not investing in tZERO right now.” Medici Ventures will continue to support tZERO Johnson emphasized that Makara remains excited about tZERO’s product and will potentially reconsider its investment decision as tZERO progresses. […]

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