Day: April 2, 2019

Crypto Giant Coinbase Launches Cross-Border Payments with XRP and USDC

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Crypto exchange Coinbase is now offering cross-border payments service to enable customers to transfer funds using Ripple (XRP) and the stablecoin USDCoin (USDC). Coinbase made the announcement on its website, touting the service as fast and convenient: “You can now send money to any user with a Coinbase account around the world using XRP or USDC.” “By using cryptocurrencies that are optimized for cross-border transmission, you can send and receive money virtually instantly by sending those cryptocurrencies and having the recipient convert them into local currency.” “There’s zero fee for…

Financial Regulator Approves First 14 Crypto Assets Agents

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The Malta Financial Services Authority (MFSA) has approved its first 14 crypto assets agents that previously sought for a license, according to an official statement published today, April 2. The approval comes five months after the Virtual Financial Assets Act (VFA), adopted by Maltese government last year, came into power. According to local newspaper the Times of Malta, over 250 applications were initially filed by lawyers, accounts and auditors. However, nearly two thirds of them failed to pass the official assessment process. Only 28 of them finally succeeded to apply…

Where to Experts See it Going in Near-Term?

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When Moon? That’s the question that crypto investors have been speculating about since the devastating, heavily-publicized Bitcoin (BTC) crash throughout yesteryear. As this question has effectively been unanswered, some have begun to doubt that the moon even exists, as they look jealously at the Lamborghinis that speculators obtained in 2017’s bull rally. Two prominent industry commentators, however, recently weighed in on the subject matter, giving investors a fleeting look at where Bitcoin and other cryptocurrencies could end up in the future. And funnily enough, the future is brighter than some…

Why Binance, the World’s Biggest Crypto Exchange, Is Enthusiastic About Stablecoins

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Binance has unveiled a series of new products and features relating to stablecoins — with the world’s largest cryptocurrency exchange describing these digital assets as “an efficient fiat gateway into crypto.” Stablecoins are often pegged with a fiat currency, meaning one unit can equate directly to 1 euro or $1. With new coins emerging all the time, the industry is evolving quickly, prompting the company to launch a stablecoin market in which its consumers can benefit from pairings with other cryptocurrencies. The crypto-only exchange now supports five stablecoins in total:…

Apollo Currency Founder Sets the Record Straight on Scam Accusation

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After I published a one-sided version of the Jelurida vs Apollo story last week, I’ve been (thankfully) called out by Steve McCullah, Apollo’s founder, and the entire Apollo community. However, not as one would expect. Did I misudge @ApolloCurrency on my latest piece? Will do a follow-up next week with new findings. A big thank you to the Apollo community for calling me out so nicely! /tiphat — Pedro Febrero (@Febrocas) March 31, 2019 There were no insults or trash-talk, rather the opposite. With much grace and dignity, it was…

LocalBitcoins to Change KYC-AML Policy from November 2019

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Against the Roots: LocalBitcoins to Change KYC-AML Policy from November 2019 April 2, 2019 by Jeff Fawkes On February 8th 2019, all LocalBitcoins users received a message saying the European Union is introducing new KYC-AML standards. One of the oldest companies in the bitcoin industry, which follows the anarcho-privacy and cypherpunk spirit by allowing P2P trading, is ready to shift away from supporting BTC social security. Also read: Crypto Exchange Zebpay Integrates Lightning Network Wallet Service Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts All Roads Lead…

BC Group Unveils Insured Custody Offering for Asia-Based Crypto Investors

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Hong Kong trading and asset management firm Branding China Group (BC Group) is launching an insured custody service for cryptocurrencies, the company confirmed in a press release shared with Cointelegraph on April 1. BC Group, which owns a portfolio of various blockchain companies, including cryptocurrency trading platform Anxone and digital asset brokerage OSL, said it decided to build the service to respond to the needs of institutional investors in Asia. Its release, it says, constitutes the first such insured custody solution for crypto assets available locally, but will use United…

Could Bitcoin Rally Due To The Federal Reserve?

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In the eyes of many across the globe, including anti-establishment figures, credited and established economists, and consumers, the macroeconomy could be on the verge of collapse. The U.S.’ sovereign debt has surpassed $22 trillion, with the Federal Reserve (Fed) showing no indication about whether it will put its foot on the brake. But Bitcoin (BTC) may be a way out. Since the cryptocurrency was invented by Satoshi Nakamoto, it has been pushed as a way out of the traditional banking industry, as the Great Recession in 2008 has left lasting…

$20,000 Bitcoin Short Trader Gives Buy Signal as Bitcoin Price Hits $5,000

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Mark Dow, a former International Monetary Fund (IMF) economist who famously shorted bitcoin from $20,000 to its low in the $3,000 range, has said that bitcoin is “buyable.” #Bitcoin chart. Buyable. $XBT $BTC pic.twitter.com/gE3urIfLJ5 — Dow (@mark_dow) April 1, 2019 Previously, Dow said that bitcoin investors would need to “get the f**k” out if the dominant cryptocurrency does not recover to the $5,000 to $6,000 range in the near-term, as it may leave the asset vulnerable to a large drop. Bitcoin is Buyable as Dow, Is the Trend No Longer…

Bitcoin Price Sees Biggest Surge for Several Months, Here’s Why

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Bitcoin has seen its biggest positive surge in price for several months, climbing to a 2019 all-time high of $5100 on BitMex. The price increase sees BTC touch November 2018 prices, with the entire market cap also surging over $20 billion. So what are the possible reasons for Bitcoins price surge today? At the time of writing Bitcoin was at the 14.95% surge to $4.752. The digital asset has added over $14 billion to its market value in the last 24 hours, according to CoinMarketCap. A simple glance at the…