Monthly Archives: July 2020

Crypto Usage and Trading Surging in Africa, Exchange CEO Says

The popularity of crypto is on the rise in Africa, according to the CEO of one of the continent’s up and coming exchanges. Crypto usage and trading has made its way over to Africa, gaining prevalence all over the continent, according to Chris Maurice, CEO of Yellow Card — a crypto exchange based in Lagos, Nigeria. “In terms of the crypto scene and everything, things are growing very rapidly, really across the continent, but specifically in Nigeria, South Africa, Ghana, and Kenya,” Maurice told Cointelegraph in an […]

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Crypto Race Heats Up: Bitcoin’s Dominance Ratio Drops to Lowest Level in 12 Months

The largest digital asset by market capitalization, bitcoin has lost a significant share of market dominance during the last few weeks. Bitcoin’s dominance ratio dropped to 61.5% on Thursday, after hovering around 66% for months on end. The last time the crypto asset’s dominance level was around the 61% range was over 12 months ago on June 30, 2019. Bitcoin has the largest market valuation out of all the digital assets in existence. BTC’s market cap today is around $175 billion out of the grand total of […]

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Former Director of the National Broadband Task Force Criticizes Anti-Encryption Bills

A former director of the U.S. National Broadband Task Force criticizes anti-encryption bills that in his opinion hurt the nation’s economy and security. Under president Obama, Anurag Lal served as the director of the National Broadband Task Force. Currently he is the CEO of NetSfere, a company that provides secure messaging for enterprises. Lal believes that bills like the EARN IT Act and The Lawful Access to Encrypted Data Act essentially call for a ban of end-to-end encryption, and would do more harm than good. Anti-encryption laws […]

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US Takes Down $25 Million Bitcoin ATM Operation, Seizes 17 Machines

The U.S. government has taken down a $25 million bitcoin ATM operation and seized 17 machines along with some cryptocurrencies. The Department of Justice says the man behind this unlicensed bitcoin ATM operation has agreed to plead guilty and is facing up to 30 years in prison. US Dismantles Bitcoin ATM Operation The U.S. Department of Justice (DOJ) announced Wednesday that a California man, Kais Mohammad, has admitted to operating an unlicensed bitcoin ATM network that “laundered millions of dollars of bitcoin and cash for criminals’ benefit.” […]

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“There’s a Bitcoiner In the Hen House,” Pomp Says Regarding Crypto Bank Regulation

Anthony Pompliano, often referred to as Pomp, weighed in on a recent regulatory update, helped in part by a crypto industry player. Recent regulatory approval for banking crypto custody comes after a Coinbase alum took a prominent seat as the Acting Comptroller of the Currency for the the Office of the Comptroller of the Currency, or OCC — a U.S. banking regulator.  “There’s one major change that occured over the last 60 days,â€� Morgan Creek Digital co-founder Anthony Pompliano said in a July 23 episode of his […]

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Bitcoin Rallies 5% as US Regulator Greenlights Bank Crypto Custody

Bitcoin price surged 5% to $9,664 less than 24-hours after the Office of the Comptroller of the Currency announced U.S. banks can provide crypto custody services. The price of Bitcoin (BTC) is up 5% in the past 24 hours and currently trades at $9,600 after reaching a daily high at $9,664. The overnight increase in BTC coincides with an unexpected decision from the Office of the Comptroller of the Currency (OCC). On July 22, the OCC said banks in the U.S. are allowed to hold cryptocurrencies. It […]

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Chinese Blockchain Projects Unite to Push Mainstream Adoption Forward

NEO to partner with China’s Blockchain Service Network to overcome major barriers for blockchain adoption. NEO, a project dubbed the “Chinese Ethereumâ€�, and the Blockchain-based Services Network, or BSN, are joining forces to push blockchain’s mainstream adoption forward, according to an official announcement on July 22. Overcoming major barriers  High entry barriers and fragmented developer experiences are major barriers which are preventing the mass adoption of blockchain technology, according to the report.  To solve these problems, BSN aims to provide a public repository of blockchain resources. The […]

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Eth 2.0 Dev Shares Details of Upcoming Community Testnet

Ethereum 2.0 developers formalized the date of the first community-run testnet on August 4. The Ethereum 2.0 team has formalized the launch date of the first full testnet designed to simulate mainnet conditions. Called Medalla, the new multi-client testnet is set to be the last one before mainnet launch occurs. Medalla means “medalâ€� in Spanish, a reference to the “Olympicâ€� Ethereum 1.0 testnet that immediately preceded the full launch. According to a July 23 post by Danny Ryan, the Ethereum Foundation’s Eth 2.0 coordinator, Medalla will launch […]

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World Stablecoin Association Launches in Switzerland

The World Stablecoin Association aims to unite major global stablecoin projects like Tether and USDC. Amid the massive growth of stablecoins in 2020, the cryptocurrency community is setting up an international stablecoin organization in Switzerland. Called the World Stablecoin Association, or WSA, the Geneva-headquartered organization is to be launched by cryptocurrency exchange VirgoX and blockchain capital markets firm Global Digital Assets, or GDA Capital. The WSA announced this new to Cointelegraph on July 23. Adding key stablecoin projects Adam Cai, CEO of VirgoX, outlined that the ultimate […]

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Steve Wozniak Sues Youtube, Google for Promoting Bitcoin Giveaway Scam — Youtube Denies Fault

Apple co-founder Steve Wozniak and 17 other victims have sued Youtube and Google for allowing, promoting, and profiting from bitcoin giveaway scams. However, Youtube insists that it is not at fault for scammers using its video-sharing platform for cryptocurrency giveaway scams and other fraudulent schemes. Steve Wozniak and 17 Victims Take Youtube and Google to Court Over Bitcoin Giveaway Scam Steve Wozniak and 17 other fraud victims have sued Youtube and its parent company, Google, over a bitcoin giveaway scam that has persisted on the popular video-sharing […]

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