Day: January 22, 2019

Crypto Could Still Become ‘a Global Currency of the Future’

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Adena Friedman, president and CEO of Nasdaq Inc., says that cryptocurrency “deserves an opportunity to find a sustainable future in our economy,” in a post on LinkedIn, published Jan. 20. Writing ahead of her appearance at the World Economic Forum at Davos this week — the opening day of which is today, Jan. 22 — Friedman stated that Nasdaq believes crypto will have a role in the future, characterizing “the invention itself [as] a tremendous demonstration of genius and creativity.” Thus far, she argued, crypto has evolved through what she…

Bitcoin Sees Longest Stretch of Price Consolidation Since October

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Bitcoin (BTC) is witnessing the longest stretch of range-bound price activity in three months. The leading cryptocurrency by market capitalization has been largely restricted to trading between $3,700 and $3,500 since Jan. 11 – the longest stretch at such a narrow range since the end of October. Back then, the market had gone quiet, with prices staying within the $6,500–$6,350 range in the 12 days leading up to Oct. 28. On the following day, BTC dropped to $6,208. After another period of sideways movement, bitcoin fell well below the crucial…

Satellite Project SpaceChain Concludes the First Qtum Blockchain Transaction in Space

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), partner at ICO services collective CryptoAsset Design Group ($500m+ and 50+ ICOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startupsand has written over 1500 articles on Blockchain technology andstartups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat Ad honorem – Honorary Ph.d –…

Oops! South Korean Crypto Exchange Accidentally Sends Traders $5 Million in Bitcoin

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Image: Shutterstock By CCN.com: Did you ever dream of waking up in the morning to unexpectedly find a vast amount of cash miraculously appearing in your account? That is what recently happened to users of a prominent South Korean crypto exchange. Coindesk Korea has reported that the Korean crypto exchange Coinnest has accidentally airdropped over $5 million in bitcoin and Korean won and is looking how to reclaim their misdirected funds. Accidental Airdrop Lands Exchange in Trouble Coinnest has announced it has accidentally sent 6 billion Korean won worth of…

Experts Share Thoughts Over Kremlin Bitcoin Crusade

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Experts Share Thoughts Over Kremlin Bitcoin Crusade January 22, 2019 by Jeff Fawkes In January 2019, the western media published many articles regarding Russian plans to buy $10 billion USD in crypto during Q1 2019. It was revealed by a Kremlin economist Vladislav Ginko as a measure of defense against sanctions. But the “expert” who shared the prediction was not the Kremlin economist. It is a man who works at an RF presidential college as a professor. Also read: Coinbase Resumes Spending Spree With Blockspring Acquisition Subscribe to the Bitsonline YouTube channel for…

Coinbase Adds Cross-Border Wire Transfers for Whales in Europe and Asia

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Crypto exchange Coinbase is launching cross-border wire transfers for institutional clients in Asia, the U.K. and Europe. Coinbase said in an announcement Tuesday that, for clients in countries where fiat payments rails aren’t yet available, the firm will now support inbound and outbound SWIFT transfers from non-US bank accounts. It added: “This new feature will allow Coinbase customers in many countries throughout Asia and EMEA to access Coinbase’s deep pool of crypto liquidity for the first time.” Simultaneously, the firm said it will offer new OTC trading desks for U.S.…

Binance Crypto and Blockchain Event in Singapore a Resounding Success

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The final presentations of the Binance Blockchain Week in Singapore have concluded today marking the end of the four day event which has attracted thousands of attendees. Two Day Conference Follows Two Day Hackathon The event has been a resounding success with many of the biggest names in the industry taking the stage to promote the crypto ecosystem and a blockchain future. The world’s largest exchange by trade volume identified the need for a unifying conference in a market with a ‘large degree of turmoil’ at the moment. The goals…

E-Commerce Giant Rakuten to Move Crypto Exchange to New Payments Subsidiary

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Japanese e-commerce firm Rakuten has announced a revision to its corporate restructure, setting up a new payments subsidiary that includes its cryptocurrency business, Cointelegraph Japan reported Jan. 21. Rakuten, known informally as ‘Japan’s Amazon,’ originally revealed in August last year it would seek to reorganize its various offshoots in order to improve accountability and decision-making processes. Now, the company says it will rebrand its loyalty subsidiary, Spotlight Inc., to a new entity, Rakuten Payment, which will also run its cryptocurrency exchange. Rakuten Payment, along with other details of the restructure,…

Will Crypto Exchanges be Able to Survive The Brutal Crypto Winter?

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Only the fittest will survive, or so the saying goes. This mantra does not only apply to the animal kingdom, it works in the business world also and surviving is what a lot of crypto exchanges and companies are struggling to do as the bear market enters its second year. Global Expansion Success For Huobi The larger crypto exchanges have a better chance of weathering the storm. Downsizing may be inevitable but their large client base should keep them afloat until the crypto winter abates and markets turn around again.…

How to Buy Bitcoin Anonymously

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Featured Buying bitcoin is not a revolutionary act. Nor should it be. And yet the way statists, apparatchiks and politicians bang on, you’d think the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in which lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede that buying bitcoin is no more seditious than buying a soda with a $20 bill. But until then, you’ll want to preserve your privacy when acquiring cryptocurrency. Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to…