Day: May 7, 2019

Former Worldpay US Executive Joins Crypto Payments Firm BitPay as Its New CFO

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Major cryptocurrency payment services provider BitPay has onboarded former Worldpay U.S. executive Glen Braganza as its Chief Financial Officer (CFO), according to a press release published on May 7. Having more than 15 years experience in private equity and public markets, Braganza joined BitPay to “help support the business through its next phase as the company grows into a global financial organization.” While the release does not reveal what exactly Braganza will be engaged in, Stephen Pair, CEO and co-founder of BitPay, said that “Glen’s experience is a key advantage…

Russian Exchange Aggregator to Resume Operations After Recent Block by Gov’t

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Popular Russian crypto exchange aggregator BestChange will soon resume operations after being blocked by the government, crypto news outlet Forklog reports May 7. The firm’s head of public relations and marketing Nikita Zuborev told Forklog that the block is expected to be lifted in the coming days following a court hearing. Russian telecommunications watchdog Roskomnadzor (RKN) blocked the BestChange website on March 12, following an order from a district court in Omsk, Russia’s seventh largest city. Despite the recent block by RKN, BestChange has still been operational in Russia through…

US FTC Sues Startup for Allegedly Misusing Raised Funds on Bitcoins and Credit Card Bills

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The United States Federal Trade Commission (FTC) is suing a startup for spending its raised funds on bitcoins (BTC) and credit card bills, rather than the stated products, the court filing revealed on May 6. The FTC brought a lawsuit before the U.S. District Court for the Southern District of Texas alleging that the startup dubbed iBackPack and its officer and authorized signatory Douglas Monahan misused a “large share” of $800,000 raised during four crowdfunding campaigns from consumers. Specifically, the defendants allegedly did not use the funds for development, production…

WeChat Bans Bitcoin, Binance CEO Explains Why It’s Bullish for Crypto

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By CCN: Always the optimist, Binance CEO Changpeng “CZ” Zhao sees a silver lining in the wake of WeChat’s recent ban on crypto trading activities. According to a tweet today by Dovey Wan, founding partner of Primitive Ventures, the Chinese social media company released an updated payment policy which states that it will terminate merchant accounts that participate in cryptocurrency transactions. In her tweet, Wan argues that most of China’s over-the-counter (OTC) cryptocurrency trades occur on WeChat. So, the ban could have a significant effect on the local market This…

WeChat Bans Bitcoin, Binance CEO Explains Why It’s Bullish for Crypto

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By CCN: Always the optimist, Binance CEO Changpeng “CZ” Zhao sees a silver lining in the wake of WeChat’s recent ban on crypto trading activities. According to a tweet today by Dovey Wan, founding partner of Primitive Ventures, the Chinese social media company released an updated payment policy which states that it will terminate merchant accounts that participate in cryptocurrency transactions. In her tweet, Wan argues that most of China’s over-the-counter (OTC) cryptocurrency trades occur on WeChat. So, the ban could have a significant effect on the local market This…

Cybercriminals Sneak in Crypto Mining Malware via Confluence Software Exploit

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Cybercriminals are now reportedly exploiting known vulnerability CVE-2019-3396 in the software Confluence, a workspace productivity tool made by Atlassian, according to a report by security intelligence firm Trend Micro Inc. on May 7. The exploit that has been developed allows cybercriminals to stealthily install and run a monero (XMR) miner on a vulnerable computer, as well as covering up the mining activity by using a rootkit to hide the malware’s network activity and toll on the host’s central processing unit (CPU). According to an Atlassian security advisory, the vulnerability in…

Price Action Favor Ethereum (ETH) Bulls, Joseph Lubin Not Happy

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Ethereum (ETH) add 12 percent in the last week ConsenSys founder not happy with the proposal of a complete overhaul In a public chain, development is slow, and that is what is bogging down Ethereum. However, the idea of improving everything disappoints Joseph Lubin, the founder of ConsenSys. Joseph is upbeat and an Ethereum (ETH) bull maintaining that prices will increase 1000 folds in three years. Ethereum Price Analysis Fundamentals There is optimism around Ethereum. Not only is this innovative platform decentralized, with a team of developers willing to take…

Crypto Exchange Claims It Is Faster Than 99% of Rivals

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A new blockchain trading platform says its secure, reliable infrastructure enables users “to stay ahead of market movements and manage risk and loss like never before.” As well as supporting a wide range of mainstream cryptocurrencies such as bitcoin, ether and litecoin, Bcnex says it is constantly expanding its offering to other quality tokens. In its white paper, the startup says that it wants to offer an antidote to the problems that currently blight crypto exchanges: weak technical architecture, a lack of liquidity, poor customer service and inadequate security. Bcnex…

Zebpay Crypto Exchange Extends Trading Services to Australia

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Singapore-based cryptocurrency exchange Zebpay has launched trading services in Australia, according to a press release shared with Cointelegraph on May 7. Zebpay has expanded its trading services to Australia by opening a new office in the fintech hub of Melbourne. The exchange’s Australian customers are now able to trade across five fiat to crypto trading pairs including bitcoin (BTC), ether (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC) both on desktop and Android and iOS apps. To conduct operations in Australia, Zebpay has acquired a license with the Australian Transaction…

Binance CEO Collecting Charity to Fight Craig Wright

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Binance CEO Changpeng Zhao established a new Binance Charity Foundation program to help out those who struggle to pay legal fees after being sued by Craig Wright. In such a way, he wants to prevent the self-proclaimed Satoshi from bullying people. As we were already saying – the real soap opera (or sitcom, depends if it is more dramatic or funny) has to be “refreshed” every now and then. Thanks to Craig Wright, it’s more now than then. Today, CZ Binance aka Changpeng Zhao, decided to fight Craig Wright with…