Monthly Archives: September 2020

Kiss front man Gene Simmons suggests he’s working to make crypto more accessible

What could the rockstar be cooking up for the blockchain industry? Responding to a tweet from Cameron Winklevoss, co-founder of the Gemini crypto exchange, rock star Gene Simmons said he plans to make Bitcoin (BTC) and Ethereum (ETH) more easily accessible.  “It’s easier to buy Bitcoin and Ether if you are already in the old system,” Winklevoss said in a Sept. 15 tweet, summing up a rather long thread addressing racial bias, crypto and decentralized finance. “If you don’t have a bank account, it’s hard to get […]

More info

‘Gold is dangerous’: Why Jim Cramer will invest 1% of net worth in Bitcoin

CNBC Mad Money host Jim Cramer plans to invest 1% of his net worth in Bitcoin because “gold is dangerous.” Recently, Jim Cramer, the host of CNBC’s Mad Money, says he might invest 1% of his net worth in Bitcoin (BTC). The famed investor drew comparisons between BTC and gold and cited the importance of hedging against inflation. During a podcast with Anthony Pompliano, Cramer said he would “take a shot at that with 1%.” Since the lead up to Bitcoin’s 2017 bull run, CNBC, Bloomberg and […]

More info

Tassat will be able to launch Bitcoin swaps after all, says CFTC

The fintech firm was supposed to reinstate its CFTC registration after 12 months of no trading but will not have to face an enforcement action. The United States Commodity Futures Trading Commission will still be allowing New York-based fintech firm Tassat to proceed with its Bitcoin swap contracts after failing to meet regulatory requirements. According to a Sept. 15 statement from the CFTC’s Division of Market Oversight (DMO), the regulatory body will not stop Tassat from launching a swap execution facility (SEF) in Q4 2020, even after […]

More info

Germany-based gaming company releases RPG on the Litecoin blockchain

“It’s the first major game that utilizes the Litecoin blockchain for all of its interactions,” said LTC creator Charlie Lee. In an online event prepared by the Litecoin Foundation on Sept. 15, Litecoin (LTC) creator Charlie Lee and CipSoft CEO Stephan Vogler announced the release of LiteBringer, a role-playing fantasy game which runs on top of the Litecoin blockchain. “It’s the first major game that utilizes the Litecoin blockchain for all of its interactions,” Lee said. Vogler stated the game is fully decentralized, meaning all users have […]

More info

Venezuelans are running out of crypto P2P trading options

What will happen to foreign P2P marketplaces operating in Venezuela? Due to the regulations and sanctions related to the U.S. Office of Foreign Assets Control, or OFAC, Paxful announced that they will no longer provide services in Venezuela, according to an announcement on September 14. In a statement sent to Cointelegraph, Paxful’s CEO, Ray Youssef, commented that they’ve tried for several months to find a way to maintain their operations in Venezuela, but “with current risks, we had no choice but to make this incredibly difficult decision.”  […]

More info

Forex Strapped Nigeria Designates Crypto Assets as Securities

The Securities and Exchange Commission (SEC) of Nigeria has designated crypto assets as securities as the authorities step up efforts to regulate Africa’s largest cryptocurrency market. The SEC says the classification of crypto assets for regulation is consistent with the country’s investment and securities laws of 2007. In a statement released Sept. 14, the SEC directs that corporates and individuals “whose activities involve any aspect of blockchain-related and virtual digital asset services, must be registered.” While the classification is seemingly targeting new crypto assets, the SEC says […]

More info

eToro, BlockFi & Nexo capitalize on Brave ads for ‘unmatched engagement’

What do eToro, Nexo, BlockFi have in common with underwear? According to Brave browser, businesses like eToro, BlockFi, and Nexo have achieved unprecedented results by advertising to the platform’s users. Considering the popularity of Brave within the crypto community, this does not come as a surprise. For instance, the crypto-lending platform BlockFi was able to reduce its customer acquisition costs by 75% with Brave ads. The campaign was also twice as effective as a Google campaign in terms of the percent of respondents who opened accounts. BlockFi’s marketing […]

More info

Algorand staking now compatible with Ledger wallet’s desktop software

Self-custody staking arrives for Ledger’s hardware wallets. Popular hardware wallet company Ledger added Algorand’s ALGO token to the list of wallet-compatible assets available on its desktop app, Ledger Live, allowing holders to store and stake the asset. “The integration with Ledger Live will provide users with additional opportunities to earn passive income, ensuring the highest level of control and flexibility,” Ledger’s CEO, Pascal Gauthier, explained Tuesday in a statement provided to Cointelegraph. The addition also means storage compatibility for tokens built on Algorand’s blockchain, known as Algorand Standard Assets. […]

More info

7.6B more ADAs were transferred to Binance with its price shedding 30%

Did ADA holders decide it was time to cash out some of the gains they made in the proceeding bull months? In the last month, 7.6 billion more ADAs were transferred to Binance than withdrawn according to data from Flipside Crypto. Meanwhile, the price of ADA dropped from $0.141 on August 14 to $0.097 by September 14 — a 31% decrease. ADA price and market capitalization. Source: CoinMarketCap. Before the asset’s recent backtrace in price, Cardano’s native currency was on a bull run, culminating with a recent […]

More info

Unikrn ICO faces further SEC action

Another remnant of 2017 gets hit by regulation. Unikrn, an initial coin offering, or ICO, from 2017, faces action from the U.S. Securities and Exchange Commision, or SEC.  The SEC has accused the startup of running its ICO without going through the proper legal channels, based on a Sept. 15 statement from the regulating body. The commission claims Unikrn offered an unregistered investment opportunity.  “Unikrn agreed to settle the charges by paying a $6.1 million penalty, substantially all of the company’s assets, to be distributed to investors through […]

More info
1 2 3 5