Day: December 6, 2018

Japanese Police Note Uptick in Reports of Illicit Crypto Transactions This Year

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There has been a significant wave of reports of suspicious cryptocurrency transactions to the police in Japan, English-language local media outlet Jiji.com reports Dec. 6. According to the report, the National Police Agency (NPA) have revealed that there have been 5,944 reports to the Japanese police about suspected illegal uses of cryptocurrencies, such as money laundering, between January and October. By comparison, the number of such reports last year was 669, but their number increased “after the implementation in April of a law obliging the [cryptocurrency exchange] operators to make…

Crypto Playing Cards | New Cards that Will Help Crypto Adoption

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Crypto wants to switch up the financial sector. Why not do so while playing cards!? A Switzerland-based company is now selling Crypto Playing Cards online. Crypto Playing Cards There are no Clubs, Spades, Diamonds, or Hearts in this deck. Rather, the cards are all about cryptocurrency. Players will play their hand with the specially designed crypto suits of Bitcoin, Ethereum, Litecoin, and NEO. According to the company: “Every suit has different dominant colors and each character was specifically designed to proudly represent its cryptocurrency. The playing cards are crafted from premium…

Rumor: Bitmain Financials Indicate $740 Million In Q3 Losses Excluding Cost of Bitcoin Cash (BCH) Hash War

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Since the hard fork of Bitcoin Cash that resulted in the ABC camp claiming the ticker for BCH, the value of the digital asset has dropped from around $500 on the day before the event (November 14th) to current levels of $115. This is a drop in value of 77% in a period of less than a month. Some crypto enthusiasts and analysts have concluded that BCH has entered what is known as a Downward Spiral. This has been explained as the situation where it might not be profitable to…

Binance Launches Multi-Account Feature for Institutional Crypto Traders

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Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature. Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms’ main accounts will be able to control these sub-accounts, granting them permissions as needed. A single institution may have up to 200 sub-accounts, according to the exchange. In addition to the different levels of account types, Binance will allow different sub-accounts to transfer funds with no fees…

Major Crypto Exchange Binance Launches ‘Sub-Accounts’ for Institutional Clients

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Top cryptocurrency exchange Binance has released a new sub-accounts feature for institutional and high-tier individual traders, according to a press release shared with Cointelegraph Dec. 6. The feature will allow parties to create up to 200 subsidiary trading accounts under the canopy of one main account. This “master” account will have sole control over movement of assets between sub-accounts, and be able to grant each of them different access levels and permissions. Nonetheless, each sub-account will retain its own set of API limits to allow for high capacity trading. According…

What Grin and Mimblewimble Mean for the Future of Bitcoin Privacy

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Privacy In a little over a month, one of the most eagerly anticipated cryptocurrency projects in recent times will launch. There will be no ICO or premine, and, like the transactions themselves, the project team are highly private. Grin, the first network to utilize Mimblewimble cryptography, has wide-ranging implications for privacy that could ultimately shape the future of the Bitcoin network. Also read: Previously Inactive Whales Are Moving Large Amounts of BTC Grin and Beam Will Give Privacy Purveyors a Lot to Smile About Grin and Beam are two projects that…

Coinbase Seeks Trademark for Term ‘BUIDL’ as Crypto SaaS

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Major crypto exchange Coinbase is seeking the trademark for the crypto-industry term “BUIDL,” according to an application filed with the U.S. Patent and Trademark Office (USPTO) on Oct. 2 The word is the intentional misspelling of “build” and is analogous with the word “hodl,” the crypto community’s misspelling-turned-term that indicates holding cryptocurrencies, instead of selling them. In the crypto space, the “BUIDL” moniker refers to focusing on building products as a way to support the industry, as opposed to only holding crypto assets as an investor. According to the application…

Global Bitcoin ATM Growth Continues – Now More than 4,000

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Recent statistics by Coinatmradar reveal that Bitcoin ATMs globally have crossed the much touted 4,000 threshold. Bitcoin ATMs Surpass the 4,000 Mark According to Coinatmradar, the current number of Bitcoin ATMs globally is 4,060, a figure surpassing the 4,000 milestone. The number is a testament to the continuous growth of BTC ATMs worldwide, despite the current plunge in cryptocurrency prices. An earlier report stated that Bitcoin ATMs were almost crossing the 4,000 mark, with 3,991 BTC ATMs. Bitcoin ATM installation continues to spread across continents with North America still maintaining…

Crypto Fund Wagers $1 Mln It Will Outperform S&P 500 in ‘Buffett Bet 2.0’

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Crypto-focused institutional asset manager Morgan Creek Digital has issued a $1 million bet against the S&P 500 (SPX) stock market index, a press release shared with Cointelegraph reveals Dec. 6. The crypto fund has issued a wager that its Digital Asset Index Fund –– a basket of ten major crypto assets –– will outperform the SPX over the next 10 years, starting Jan. 1, 2019. The S&P 500 is based on market capitalizations of 500 large companies that have common stock listed on major U.S. stock exchanges, the New York…

Bitcoin’s Biggest Congress Enthusiast Introduces a Pro-ICO and Crypto Legislation

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Photo: Pixabay Republican Congressman, Warren Davidson, has said that he plans to introduce new legislation in the house. The planned pro-ICO and crypto legislation aims at regulating the ICOs and the federal cryptos. This announced was reported on a local Ohio news agency, Cleveland.com. The bill, when finalized, would create an ‘asset class’ focused on tokens only. The new bill will prevent cryptos from being classified as securities. However, the new law would let the federal government regulate ICOs more effectively. The announcement came at a four-day blockchain conference in…