Monthly Archives: June 2020

Russia Lifts 2-Year Telegram Ban as Questions Over Security Surface

While many experts believe that Telegram has not compromised the security of its customers, some users have reported certain anomalies. In a sudden turn of events, Russia’s communications watchdog — Roskomnadzor — issued a public statement on June 18, announcing that it has lifted its ban on the popular messaging app Telegram. This decision comes after a two-year period of the Russian government unsuccessfully attempting to block the popular social media messaging app and its various activities within its borders. On the matter, a number of local […]

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Bitcoin Whales’ Exchange Withdrawals Hint at 5-Digit Prices in July

Price performance tends to flip bullish four months after peak whale withdrawals from exchanges — and the next cycle is almost here, data shows. Bitcoin (BTC) investors should buy BTC when whales do one thing in particular — bull runs begin several months later. That was the latest insight from Ki Young Ju, CEO of on-chain analysis resource CryptoQuant, who revealed that when whales withdraw Bitcoin from exchanges, it’s time to enter the market. Analyst: Buy BTC before whale cycle is up Uploading two charts comparing Bitcoin’s […]

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Chinese Mining Company Ebang to Reportedly List on Nasdaq This Week

Ebang will reportedly get listed on Nasdaq on June 26, hoping to raise $125 million in an initial public offering. Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States. According to a report from Chinese crypto news outlet Blockbeats, Ebang will be officially listed on Friday, June 26. Additionally, Blockstream chief strategy officer Samson Mow tweeted a screenshot of an invitation to […]

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Telegram CEO Says Global Resistance to Tech Bans Is ‘Just Getting Started’

Telegram’s digital resistance in Russia will contribute to further anti-censorship efforts in countries like China and Iran, Pavel Durov says. Russia’s decision to lift its two-year Telegram ban is going to mark the beginning of a broader movement to protect privacy-focused apps like Telegram, the company’s CEO says. Pavel Durov, founder and CEO of Telegram, issued a statement in response to Russian authorities officially terminating the ban on the messaging app in the country last week. Telegram’s progress in Russia to help other countries In a June […]

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CrossTower Crypto Exchange Announces $6M Seed Funding Round

The New York-based cryptocurrency exchange announced it had raised $6 million in a seed funding round led by a former board member of Skype. Cryptocurrency exchange CrossTower announced on June 22 it had raised $6 million in a new seed funding round led by Gerard Lopez, a former board member of WIX and Skype. According to the announcement, the investment will support the expansion of the NY-based firm’s new multi-asset trading platform, aiming to take advantage of “historic” institutional inflows into the digital asset markets. CrossTower’s goals […]

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UK Financial Watchdog Reminds Crypto Businesses to Register Ahead of Deadline

The U.K.’s Financial Conduct Authority is urging all crypto businesses operating in the country to submit their applications by June 30 to make it for the 2021 deadline. The United Kingdom’s Financial Conduct Authority, or FCA, on Monday urged all national cryptocurrency businesses to submit their registration with the regulatory watchdog. According to the FCA’s statement, firms must submit completed applications by June 30. The regulator says that the anticipated deadline is necessary to ensure that all applications are processed by the end of the grace period […]

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Digital Yuan’s Backend Development Complete, Says Chinese Official

A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency. The former vice-chair of the People’s Bank of China’s Na­tional Coun­cil for So­cial Se­cu­rity Fund, Wang Zhong­min, announced that China has completed the backend architecture development of China’s central bank digital currency (CBDC). Wang made the announcement during the online 2020 Fin­tech Fo­rum organized by Ten­cent Fin­tech Re­search In­sti­tute and the Fin­tech 50 Fo­rum in Beijing. With so many cryptocurrencies already in existence […]

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Calm Before The Storm? 5 Bitcoin Price Factors to Watch This Week

Stock markets settling provides the background to a calmer status quo for Bitcoin, but upcoming events could soon change the mood. Bitcoin (BTC) begins a new week trading in a familiar corridor below $10,000 — will it stay there or is volatility actually incoming? Cointelegraph Markets’ weekly newsletter gives you five factors influencing Bitcoin’s price performance in the coming days. Stocks recover from coronavirus worries The start of this week marks a clear contrast from last Monday. Concerns over coronavirus have faded and with it stock market […]

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NZ Authorities Seize $90M From Alleged Bitcoin Launderer Alexander Vinnik

The New Zealand police have recovered $90 million in assets reportedly belonging to the alleged $4 billion launderer Alexander Vinnik. New Zealand police have recovered $90 million connected to the case against suspected Bitcoin money launderer Alexander Vinnik. According to Jared Savage at the New Zealand Herald, the police Asset Recovery Unit have frozen roughly 140 million NZD ($90 million) controlled by a company in connection to the investigation of Vinnik.  Police Commissioner Andrew Coster told the publication that local authorities had been coordinating with the United […]

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Here Is Why BigONE’s New VIP System Can Make the Most Out of Your Everyday Trading

BigONE Exchange, one of the world’s safest crypto exchanges, has taken on a new sheen as it just launched a brand new VIP system that converts a user’s every engagement with the platform into his or her own benefits, be they discount on spot trading fees, reduction on leverage interests rates, or an increased referral bonus. “We are letting users know their own engagements on the platform. We will provide users with better services according to these behavioral characteristics.” said Kevin Cheng, Chief Operations Officer at BigONE […]

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