Monthly Archives: April 2020

Former Bakkt CEO to Sell All Holdings After Insider Trading Accusations

Former Bakkt CEO and Georgia senator Kelly Loeffler announced that she and her husband will liquidate all their holdings. Following major accusations of insider stock trading during the coronavirus-induced market crash, Senator Kelly Loeffler (R-GA), the former CEO of Bakkt, is liquidating her holdings with her husband. In an April 8 tweet, Loeffler said that she and her husband Jeffrey Sprecher, CEO of ICE, which is the company that owns Bitcoin (BTC) options contracts regulator Bakkt, are liquidating their holdings in managed accounts to focus on tackling […]

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BTC to INR: P2P Bitcoin Marketplaces Growing in India

Ever since the supreme court quashed the banking restriction imposed by the central bank, interest in cryptocurrency has been rising in India, including on peer-to-peer (P2P) marketplaces. The local crypto community is growing despite the nationwide lockdown and rising covid-19 threat. Also read: 2x Bitcoin — Wanna Double Your BTC to the Moon? Forget About It P2P Marketplaces for Indian Users Established P2P marketplaces, such as Localbitcoins and Paxful, allow Indians to buy and sell BTC for INR. Paxful, in particular, has been focusing on growing its […]

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Crypto Companies See Uptick in Volume Amid Global Uncertainty

Crypto payment and fiat on-ramp solutions Wyre and MoonPay have seen increased volume in recent weeks. Although the world has largely come to an economic halt amid coronavirus prevention measures, crypto companies MoonPay and Wyre have seen volume numbers climb. “We’ve seen a huge spike in retail volume over the past few weeks,” Jack Jia, director of institutional sales for crypto payments outfit Wyre, told Cointelegraph in an April 3 email.  “Initially there was a higher uptick in sell-side volume right before markets crashed. Then, we started […]

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Visa Backs New Bitcoin Rewards Card From Lightning-Friendly Fold

The Lightning-compatible Fold app has joined Visa’s Fintech Fast Track Program to roll out a co-branded Bitcoin cashback rewards card. The Fold app — a Lightning-compatible mobile app that offers users Bitcoin rewards (BTC) while shopping — has joined Visa’s Fintech Fast Track Program. Joining the program will enable the app to launch a new Visa co-branded card, which continues the offer of Bitcoin rewards for purchases made at retailers. Speaking to Cointelegraph, Fold’s CEO Will Reeves said that Visa would be providing the company with financial […]

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Blockchain Intelligence Firm Chainalysis Seeks New Partners to Extend Its Reach

Top blockchain analytics firm Chainalysis is launching a partnership program to expand its operations and broaden its intelligence capabilities. New York-based blockchain analytics firm Chainalysis is launching a major partnership program to expand its operations and broaden its intelligence capabilities. As one of the highest-profile analytics firms in the blockchain intelligence industry, Chainalysis develops investigative tools that enable firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities. Speaking to Cointelegraph on April 9, Chainalysis chief revenue officer Jason Bonds explained that […]

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Bitcoin Trading Scam Claims to Involve Prince Harry and Meghan Markle

A Bitcoin trading scam claims the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and his wife Meghan Markle. A Bitcoin (BTC) trading scam has claimed the involvement of the Duke and Duchess of Sussex Prince Harry Charles Albert David and his wife Meghan Markle. According to an April 9 report by the Mirror, the royal couple was featured in a fake BBC article where they praised a Bitcoin trading scheme. The fake news piece claimed that the pair talked during a […]

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Coin Center Calls on Crypto Developers to Protect Freedoms in COVID-19 Era

Nonprofit crypto advocacy group Coin Center has appealed to the community to develop tech-based responses to the pandemic that protect civil liberties and privacy. Nonprofit cryptocurrency advocacy group Coin Center has appealed to the community to develop tech-based responses to the COVID-19 pandemic that protect civil liberties and privacy. In a post published on April 8, the center’s director of research, Peter Van Valkenburgh, surveyed recent proposals from the Zcash Foundation for Private Contact Tracing Protocols, as well as progress with Decentralized Identifiers by Microsoft Research. “It’s […]

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Silk Road Vendor Seeks Release From Jail Fearing COVID-19 Outbreak

A former Silk Road vendor is seeking compassionate relief citing fears that the facility in which he is serving his sentence will host an aggressive COVID-19 outbreak. United States Federal District Judge Jed Rakoff is considering temporarily releasing a 61-year-old toy retailer-turned-Silk Road vendor amid concerns of a purportedly imminent COVID-19 outbreak in a federal jail. According to Law360 on April 8, the prisoner, Hugh Haney, is serving a three-and-a-half-year money-laundering sentence for failing to explain where he obtained $19 million in Bitcoins (BTC).  While Judge Rakoff […]

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Block.one Will Vote With Its EOS in Clear Break From Previous Cautiousness

Block.one has decided to use its stake of almost 10% of the EOS network to vote for block producers, which marks a break in its previous relationship with the blockchain. Block.one, the company that developed the backend of the EOS network, is now taking a much more active role in it. Its stake of EOS tokens, previously left unused, will be used to vote for block producers (BP), according to an April 8 announcement. The EOS network runs on EOSIO, a blockchain technology stack that Block.one also […]

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France’s CBDC Test Moves Digital Euro One Step Closer to Reality

France is paving the way for a digital Euro, but how will its CBDC shape up, and what effect will it have on the cryptocurrency industry? Lately, it seems that most major national banks are toying with the notion of a national digital currency. France is conducting tests of its own now, and it could pave the way for a digital euro. What will France’s experiments involve, and how will they affect the crypto ecosystem? Here’s what is known so far. According to a document it published […]

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