Day: April 16, 2019

Gemini Exchange Implements SegWit Protocol for Bitcoin Wallet

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According to a Medium post published April 15, 2019, Winklevoss brothers-backed Gemini cryptocurrency exchange has completed the SegWit upgrade of its Bitcoin wallet. Gemini Upgrades to SegWit Protocol The Winklevoss brothers’ affinity for cryptocurrencies is no secret. For the multi-millionaire twins, the success of digital currencies is not a question of if, but of when. Founded in 2014 by Cameron and Tyler Winklevoss, Gemini cryptocurrency exchange is now one of the most reputed and trustworthy platforms to trade crypto-assets in the world. It recently became the world’s first regulated cryptocurrency…

One of World’s Biggest Travel Companies is Now Accepting Bitcoin

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EToro Blockchain Division Launches Crypto Exchange for Pro Traders, Issues 8 Stablecoins

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The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders, a press release shared with Cointelegraph on Tuesday, April 16, states. EToroX claims to be a secure a secure and fully regulated trading venue. As for now, the platform offers 37 trading pairs, with the ability to convert six cryptocurrencies to fiat, such as the dollar, euro and Swiss franc. The exchange currently allows users to trade bitcoin (BTC), ethereum (ETH), ripple (XRP), dash (DASH), bitcoin cash (BCH) and litecoin (LTC). According to…

eToro Launches Regulated Crypto Exchange, Dodges Bitcoin SV Bullet

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Flailing Japanese Brokerage Giant Monex Courts Bitcoin for its Survival

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South Korea’s Telecom Giant KT Launches DLT-Powered 5G Brand to Prevent Hacks

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KT Corporation, South Korea’s largest telecom firm, has launched its blockchain-powered fifth-generation (5G) network brand, local news agency The Korea Times reports on April 16. Called “GiGA Chain,” the brand intends to boost the security of Internet-of-Things (IoT) devices and to protect them from cyberattacks, the report says. As a part of the new brand, KT developed GiGA Stealth technology that prevents hacking attacks by hiding the IP addresses of the connected devices. According to the report, the blockchain-enabled tech makes IP addresses virtually invisible to hackers. Lee Dong-myeon, president…

Chainalysis Caps Series B Funding With $6 Million From Two Japanese Heavyweights

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United States-based blockchain intelligence firm Chainalysis has raised a further $6 million from two major Japanese investors, the company confirmed in a blog post on April 16. Chainalysis, which secured $30 million at the start of its Series B round in February, has hinted it will target the Japanese market in the future as it aims to ingratiate its compliance technology with banks and other financial institutions. Behind the latest cash injection were Mitsubishi UFJ Financial Group (MUFG) and venture capital firm Sozo Ventures, the former already notably active active…

Cryptocurrency Exchange Binance Registered 66% Profit Increase in Q1 2019

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Major cryptocurrency exchange Binance reported $78 million in profits in Q1 2019, up 66% compared to the previous quarter, cryptocurrency news outlet The Block reports on April 16. The claims have been extrapolated by The Block from Binance’s seventh quarterly binance coin (BNB) burn data. Per the report, the 830,000 BNB burned represent 20% of the exchange’s net profits in the first quarter of this year. The Block notes that this allows for easy deduction of the company’s profits, even though Binance does not release financial reports. The report also…

Trading Bots Exploit Crypto Exchanges with Wall Street Shenanigans

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Bitcoin Below $1 Million is Mathematically Impossible by 2020

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It is impossible for the bitcoin price to stay below $1 million by the year 2020, said John McAfee. The British-American cybersecurity expert cited basic mathematics as his single metric to justify his six-figure prediction for bitcoin. He stated that bitcoin’s behavioral economics was utterly different from that of stocks, adding that one could not apply stock paradigms and formulas to realize the coin’s future value. Come on people!!! It’s time to brush up your basic math skills and run some f*^#$ng numbers!!!! It is mathematically impossible for Bitcoin to…