Day: March 21, 2019

US Missoula County Considers Requiring Crypto Miners to Use Renewable Energy

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The official website of the United States Missoula County in Montana reports that the country commissioners have discussed regulation of cryptocurrency mining on March 14. The county website contains two drafts, one being the Cryptocurrency Mining Resolution and the other one the Cryptocurrency Mining Zoning Overlay District Regulations. The county’s commissioners will hold a public hearing concerning both the regulation drafts on April 4. The latter draft “establishes locations where cryptocurrency mining operations may be sited in Missoula County and conditions that must be met in order to protect the…

New Document Details Ex-QuadrigaCX Law Firm’s Conflict of Interest

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Law firm Stewart McKelvey had a conflict of interest because it represented both QuadrigaCX and Jennifer Robertson, the widow of the failed cryptocurrency exchange’s founder Gerald Cotten. That’s according to a letter sent to creditors Wednesday from Miller Thomson, one of two law firms appointed as representative counsel for Quadriga customers by the Nova Scotia Supreme Court. Stewart McKelvey withdrew from representing Quadriga in the creditor protection proceedings on March 13, citing a “potential conflict” raised by other parties. The firm said at the time it did not know what the…

New Document Details Ex-QuadrigaCX Law Firm’s Conflict of Interest

boss

Law firm Stewart McKelvey had a conflict of interest because it represented both QuadrigaCX and Jennifer Robertson, the widow of the failed cryptocurrency exchange’s founder Gerald Cotten. That’s according to a letter sent to creditors Wednesday from Miller Thomson, one of two law firms appointed as representative counsel for Quadriga customers by the Nova Scotia Supreme Court. Stewart McKelvey withdrew from representing Quadriga in the creditor protection proceedings on March 13, citing a “potential conflict” raised by other parties. The firm said at the time it did not know what the…

Two Exchanges Overtake Binance on CMC Rankings, But Research Suggests Volume Is Fake

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Today, on March 21, both LBank and Bit-Z overtook leading exchange Binance on the adjusted trade volume cryptocurrency exchange rankings on CoinMarketCap, but research published on March 18 by the Tie suggests most of their volume is fake. At press time, LBank is in the third spot (formerly in first), Binance is in the second spot, and Bit-Z is currently holding the top spot. According to data contained in the Tie research, Bit-Z’s expected 30-day volume is only 0.79 percent of its reported 30-day volume. The aforementioned CoinMarketCap page attempts…

Crypto AriseBank CEO Pleads Guilty to Deceiving Investors in $4.2 Million Case

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The former CEO of reported cryptocurrency scam AriseBank has pleaded guilty to defrauding victims of over $4.2 million, Texas-based daily news outlet Dallas News reported March 21. Jared Rice, whom the FBI arrested over securities and wire fraud in November last year, confessed to his activities, according to an announcement by the United States Attorney for the Northern District of Texas, Erin Nealy Cox. Rice had allegedly falsely claimed that AriseBank could offer customers “FDIC-insured accounts and traditional banking services, including Visa-brand credit and debit cards, in addition to cryptocurrency…

Facebook Stablecoin Wants to Replace US Dollar Not Bitcoin: Kik Founder

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Facebook could be on the path to replace the US Dollar with its own crypto asset as a global currency, claims Ted Livingston. The founder and chief executive of the Kik messaging app projected the upcoming stablecoin project as a WeChat aspirant. The 32 years old Canadian entrepreneur wrote that, like the Chinese messenger app, Facebook was attempting to move the US Dollar into a private online payment system. Such a system would not only make it easier for people to transfer money cheaply. But, it would give them reasons to keep…

Dragonchain Announces Partnership with Humanitarian Organization M2030, Facilitating Donation Processes with Blockchain to Fight Malaria

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Dragonchain, a technology leader in the Blockchain space, is joining with M2030, a humanitarian organization dedicated to fighting malaria. With its education, project incubation, acceleration and enterprise services, Dragonchain’s goal is to empower M2030 with an enterprise-grade Blockchain solution. Through their brand, M2030 offers a smart system for partners to raise awareness through campaigns or for branding select products and services. In return, the company, which is both a brand as well as movement, pledges funds to fight malaria in the countries where the money was raised, working with the…

A Privacy-Focused Bitcoin Cash P2P Exchange Is Coming to Bitcoin.com

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Bitcoin.com is always been on a quest to promote Bitcoin adoption. Our educational resources, forums, newsdesk, and other services reflect that mission on a daily basis. Now our web portal is introducing a feature called Local Bitcoin Cash, a service that facilitates the peer-to-peer trading of local currency for bitcoin cash (BCH). The new service will be launching soon and users will be able to directly exchange BCH securely and without know-your-customer (KYC) requirements. Also read: This Short Animation Might Make You Think Twice About Taxes Local Bitcoin Cash Over…

Binance Dominance Kills Another Veteran Bitcoin Exchange

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(+) Binance Dominance Sends Another Veteran Bitcoin Exchange to the Scrap Heap Binance’s utter dominance of the crypto trading landscape has left yet another veteran Bitcoin exchange out in the cold. | Source: Shutterstock P. H. Madore 21/03/2019 Exclusive Binance’s overwhelming dominance of the cryptocurrency trading landscape has quietly sent another veteran Bitcoin exchange to the scrap heap. Read the full story by subscribing to CCN and receive an ad-free version including discounts on future events and services. Register here for just $9.99Already got an account?Log in here About The…

Bitcoin Price & Technical Analysis: BTC Trying to Continue Rising

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Photo: QuoteInspector By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. Paper shops in Australia start selling BTC Novogratz thinks Bitcoin is likely to rise soon Investors get more interested in altcoins Over the last week, there were no major news in the crypto world. Among the curious things, one may pay attention to the Australian paper shops starting selling BTC. This is based on the Binance’s Lite Australia platform. Currently, there are at least 1,300 selling points. Other cryptos are likely to be added soon. The transaction fee is 5%, and…