Day: April 25, 2019

Binance Coin (BNB) Rampages Again, Gains Staggering 287% in 2019

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By CCN.com: Binance Coin (BNB) is the best performing crypto asset in the global market with the exception of cryptocurrencies that launched in 2019. According to OnChainFX, BNB was the only crypto asset to achieve an all-time high this year since 2017 and it is down about 9 percent from its record high. Binance coin is down only 9 percent from its all-time high. | Source: coinmarketcap.com In contrast, bitcoin, which has performed relatively well throughout the past year, is down about 73 percent from its all-time high. Most ERC20…

Moscow and Three Russian Regions to Legally Pilot Crypto and DLT Tech: Local Media

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Moscow and three other Russian regions will legally pilot the use of cryptocurrencies and blockchain technology, local media outlet Izvestia reports on April 24. The Russian Ministry of Economic Development is reportedly planning to test now-unregulated emerging technologies such as blockchain and crypto, as well as augmented and virtual reality, quantum tech, artificial intelligence and robotics. As Izvestia wrote, the currently unregulated technologies are planned to be tested as an experiment in Moscow, the Kaliningrad and Kaluga Oblasts, and Perm Krai in order to accelerate the adoption of new tech…

US Rapper Lil Pump Starts Accepting Bitcoin via Lightning Network on Merchandise Store

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American rapper Lil Pump has started accepting bitcoin (BTC) payments through his merchandise store Unhappy, according to his website. Fans of the 18-year-old, known for his catchphrase “Esskeetit” and his most recent album Harverd Dropout, can select crypto as a payment option at the checkout. The rapper has 17.8 million followers on Instagram, 1.2 million followers on Twitter and 2.3 million likes on Facebook. Shoppers can either choose to pay off-chain using a BTC Lightning Network wallet or on-chain through a standard bitcoin wallet. Selecting one of these options generates a…

Nike Files Trademark Application in the US for ‘Cryptokicks’

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Nike has filed a trademark application for the phrase “Cryptokicks,” a document filed with the U.S. Patent and Trademark Office on April 19 shows. The footwear giant’s application describes offering crypto wallets and “downloadable mobile applications for providing access to crypto collectibles, crypto art and application tokens” — as well as operating an online marketplace featuring footwear and clothing. Its document also sets out plans for “providing a digital currency or digital token for use by members of an online community,” and enabling transactions to be completed using “unconventional currency…

Bitcoin Might Already Be Better Than Gold, Here’s Why

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Satoshi Nakamoto, the pseudonymous creator of the Bitcoin (BTC) project, always expressed an inkling of mistrust and cynicism towards centralized institutions, including Wall Street and the incumbent government. This theme was only accentuated when the first ever crypto diehard embedded a Financial Times headline, which pertained to 2008’s Great Recession, into the coinbase of his/her brainchild’s first-ever block. Related Reading: Would McAfee’s Revelation of Satoshi Nakamoto Affect Bitcoin Prices? But over the years, the underlying value proposition of Bitcoin has been misconstrued, especially as ‘get rich quick’ schemes have become…

Bitcoin Might Already Be Better Than Gold, Here’s Why

boss

Satoshi Nakamoto, the pseudonymous creator of the Bitcoin (BTC) project, always expressed an inkling of mistrust and cynicism towards centralized institutions, including Wall Street and the incumbent government. This theme was only accentuated when the first ever crypto diehard embedded a Financial Times headline, which pertained to 2008’s Great Recession, into the coinbase of his/her brainchild’s first-ever block. Related Reading: Would McAfee’s Revelation of Satoshi Nakamoto Affect Bitcoin Prices? But over the years, the underlying value proposition of Bitcoin has been misconstrued, especially as ‘get rich quick’ schemes have become…

New Crypto Mining Malware Beapy Uses Leaked NSA Hacking Tools: Symantec Research

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American software security firm Symantec found a spike in a new crypto mining malware that  mainly targets enterprises, TechCrunch reports on April 25. The new cryptojacking malware, dubbed Beapy, uses the leaked United States National Security Agency (NSA) hacking tools to spread throughout corporate networks to generate big sums of money from a large amount of computers, the report notes. First spotted in January 2019, Beapy reportedly surged to over 12,000 unique infection across 732 organizations since March, with more than 80% of infections located in China. As found by…

JPMorgan Continues to Explore Blockchain for Cross-Border Payments, Having Signed 220 Banks Worldwide Along the Way

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On April 21, it was revealed that JPMorgan Chase (JPM), the United States’ largest bank with over $2.62 trillion in assets, is planning to widen the use of its blockchain system. Specifically, JPM is adding new features to its Interbank Information Network (IIN), which is now used by more than 220 banks across the globe. With the JPM Coin launched earlier this year, it seems that the U.S. financial institution is increasingly betting on blockchain, pushing crypto closer to mainstream adoption. Brief intro to JPM and crypto: the “Blockchain before…

United States-Based Crypto Exchange ErisX Is About to Launch its Trading Platform

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Chicago-based cryptocurrency exchange EriX is reportedly about to launch its spot trading service, industry news outlet The Block reports on April 24. Per the report, the exchange has recently been in test mode with some financial firms that would potentially become users. One of those firms is reportedly United States retail brokerage TD Ameritrade, which announced that it invested in ErisX in October of last year. The platform reportedly aims to host spot crypto and crypto derivative trading later this year after obtaining regulatory approval. According to a report released…

Monex Reveals July Start Date for US Exchange as Coincheck Reports $15 Mln Loss in 2018

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Japanese online broker Monex Group is planning to start trading in their United States cryptocurrency exchange in July, CEO Oki Matsumoto said on April 25, according to Cointelegraph Japan. The spin-off, currently dubbed TradeStation Crypto, would serve semi-professional traders and seeks to shore up profitability for Monex’s cryptocurrency offerings. Reuters also noted today that Monex had a loss of over $15 million on its crypto operations in 2018. The figure, part of financial performance data released this week, stems from the loss-making Coincheck exchange thatMonex acquired last April. Despite restructuring…