January 28, 2019

Portal Allows You to Buy Altcoins Using Fiat, Without Converting to Bitcoin or Ethereum First

January 28, 2019 boss

A new crypto purchasing portal is enabling users to purchase more than 20 cryptocurrencies and altcoins using fiat directly. Netcoins, the Canadian company behind the app, says the recently launched service is operational 24/7 online — helping to deliver real-time transactions without delays. The Netcoins team says its offering stands out from competitors because it simplifies transactions for crypto enthusiasts, and eliminates the need to change fiat currencies into Bitcoin or Ethereum before going on to purchase altcoins. The new Netcoins platform also offers an automated Know Your Customer (KYC)…

NYSE Arca Files a Request to Rule Changes Seeking for Bitwise Bitcoin ETF Approval

January 28, 2019 boss

Earlier this month, Bitwise Asset Management applied for Bitcoin ETF which will be listed on NYSE Arca. The Bitwise Bitcoin ETF will be backed by physically held Bitcoin tokens. NYSE Arca has now completed the official paperwork for the 19b-4 rule change and is now available on the official NYSE website. The newly filed Bitcoin ETF application by Bitwise will rely on regulated third-party custodians to hold its physical Bitcoin. Additionally, Bitwise clarified that it would draw a large amount of data from a number of crypto trading platforms, including both…

Main Takeaways From Davos WEF

January 28, 2019 boss

This year’s World Economic Forum (WEF) Annual Meeting has finished, and it’s time to recap the highlights. The forum — held in Davos, Switzerland, as per tradition — lasted from Jan. 22 to 25. Similar to the last year, cryptocurrencies were one of the major talking points in Davos. In general, it seems that the “Blockchain before Bitcoin” attitude prevailed this time, as the overall positive outlook on the technology coincided with a significant portion of crypto-bashing. WEF announced Global Council on Blockchain, co-chaired by BitPesa founder As one of…

Italian Securities Regulator CONSOB Adds Crypto Company Togacoin to Scam Blacklist

January 28, 2019 boss

The Italian securities regulator, Commissione Nazionale per le Società e la Borsa (CONSOB), has added crypto company Togacoin to its scam blacklist on Jan. 28. The regulator released its warning against Togacoin alongside similar warnings concerning binary options company Smart Choice Zone and forex exchange Fx Breeze. The three firms have been added to the CONSOB’s warning list because of failing to obtain authorization to operate in Italy. Togacoin’s website features a “Revenue Calculator” that promises a return of 239% in one year, a 654% return in three years and…

Belarus’ Largest Bank Considers Setting up Crypto Exchange, Says Chairman of Board

January 28, 2019 boss

Belarusbank, the largest bank in Belarus, is considering setting up a crypto exchange, local information agency BelTA reports on Jan. 28. According to the bank’s chairman of the board Viktor Ananich, efforts are now being made to explore the possibility of setting up a cryptocurrency exchange. Ananich claimed that digitization is one of the most important focuses of Belarusbank in 2019, noting that the bank is also working with mobile carriers, aiming to expand its services. Specifically, Belarusbank is planning to issue virtual cards — online, rather than physical, credit…

Chat App Kik Says It Will Fight SEC Over Possible ICO Action

January 28, 2019 boss

Canada-based messaging app company Kik is planning to fight a likely U.S. Securities and Exchange Commission (SEC) enforcement action over its 2017 initial coin offering (ICO). According to a report from The Wall Street Journal on Sunday, Kik founder and CEO Ted Livingston said that the firm’s token, kin, works like a currency and is not “an unregistered security” as believed by the SEC. Kik raised almost $100 million via a sale of the token last September. With ICOs having diminished in number, in part due to the threat of regulatory…

Social Media Platform Kik Promises to Challenge Proposed SEC Enforcement Against Its ICO

January 28, 2019 boss

Tokenized social media startup Kik has warned United States regulators that they would fight back against a proposed enforcement action against the company, the Wall Street Journal (WSJ) reported on Jan. 27. Canada-based Kik is facing a prospective enforcement action over an alleged securities infraction, after the U.S. Securities and Exchange Commission (SEC) judged its 2017 initial coin offering (ICO) to have involved the sale of unregistered securities. The startup is reported to have raised around $100 million in “kin” tokens for its chat-based social media network — which can…

Major Exchanges Join Forces to Combat Money Laundering

January 28, 2019 boss

Four major South Korean cryptocurrency exchanges have reportedly joined their forces in order to combat money laundering, sources told local news agency The Korea Herald on Monday, Jan. 28. Quoting a report from South Korean news outlet Yonhap, the articles notes that Bithumb, Upbit, Korbit and Coinone have reportedly established a hotline where users can share information on any unusual trading or payments that could possibly be related to crimes, such as pyramid schemes. According to an anonymous representative of one of the operators, the exchanges will thereby be able…

Coincheck Owner Monex Warns of Scammers Impersonating Its Businesses

January 28, 2019 boss

Japanese online broker Monex Group, owner of hacked cryptocurrency exchange Coincheck, warned of a new scam claiming to be related to its business in a news release on Jan. 28. The scam, about which only brief details have been released, involves potential victims receiving calls from an entity dubbed “Monex Coin Management.” They are then invited to call a form of automated trading system linked to Monex, the release states, something that does not exist in practice. “The Monex Group and (subsidiaries) do not have any relation with the above…

Bitcoin Cash Slips 11% as Crypto Market Starts Week with $6 Billion Loss

January 28, 2019 boss

The light at the end of the tunnel could be a train. The saying fits Bitcoin Cash ABC whose market capitalization established a weekly high at $2.36 billion on January 24. But, at the start of this week, the cryptocurrency’s cap fell to as low as $1.94 billion. BITCOIN CASH 7D PERFORMANCE | SOURCE: COINMARKETCAP.COM Key Support Range Broken At 1354 UTC, the BCH/USD pair was trading at 110.81, down 11% on a 24-hour adjusted timeframe, according to data aggregator CoinMarketCap.com. The service also highlighted that traders exchanged large hands…