Day: May 8, 2019

Bitstamp Hires Ex-Coinbase Trading Head to Court Wall Street Money

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Bitstamp, one of the longest-running cryptocurrency exchanges, has hired a former Coinbase executive and Wall Street veteran as its new head of U.S. operations. Announced Wednesday, Hunter Merghart joined Bitstamp six months after quitting his job as the head of trading at San Francisco-based Coinbase in October. He will lead the opening of the Luxembourg-based exchange’s New York office — the company received a BitLicense from the state last month — and focus on serving institutional clients. Merghart is “the perfect person to lead our U.S. operations, which includes making sure our retail and…

Crypto Markets Turn Red After Binance Hack, US, EU Stocks Steady as Asian Equities Falter

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Wednesday, May 8 —  having just broken new 2019 highs, crypto markets have tipped into red in the wake of yesterday’s $40 million hack of major exchange Binance. Virtually all of the top 20 cryptocurrencies are down up to 9%, yet most losses remain mild, as Coin360 data shows. Market visualization courtesy of Coin360 Despite being the cryptocurrency stolen in the Binance hack, bitcoin (BTC) is itself showing resilience, and is down a fractional 0.9% on the day to trade at $5,882 by press time, according to CoinMarketCap. After a…

Binance CEO Addresses Concerns Live After $40 Mln BTC Hack, Rejects Blockchain Reorg Idea

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Changpeng Zhao (CZ), CEO of major crypto exchange Binance, has devoted his live AMA on Twitter to address community concerns in the wake of yesterday’s $40.7 million hack. The AMA was broadcast live on May 8, 3am UTC. As reported yesterday, Binance suffered a major and premeditated hack, reportedly conducted by tactics that included phishing and viruses to obtain a large number of 2FA codes and API keys. The security breach reportedly resulted in hackers withdrawing around 7,000 bitcoin (BTC) — worth around $40.7 million at the time — from…

PR: Bitcoin.com and Cred Partner to Offer Lending and Borrowing

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Bitcoin.com customers to earn up to 10% interest on BTC and BCH SAN FRANCISCO and TOKYO– Bitcoin.com, the leading source for Bitcoin information with over 4 million Bitcoin wallets, and Cred, the leading provider of crypto borrowing and lending with over $300 million in credit facilities, today announced a partnership that will allow Bitcoin.com customers to earn up to 10% of interest on their Bitcoin and Bitcoin Cash. “At Bitcoin.com, we believe borrowing and lending services are a natural next step for Bitcoin wallet holders and will be very attractive…

‘Facebook Coin’ Users Will Trip on ‘Gateway Drug’ Bitcoin: Venture Capitalist

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By CCN.com: The cryptocurrency space is concerned about whether or not the upcoming Facebook Coin will hurt the Bitcoin market. But according to Spencer Bogart, the social media giant’s entry into the crypto space could be the best thing that ever happened to bitcoin. The Blockchain Capital executive told Bloomberg that Facebook was a significant catalyst for boosting bitcoin’s adoption globally. The social media platform boasted billions of users worldwide. So, even a small percentage of them trickling into the cryptocurrency market could double or triple its user base. “We…

‘Facebook Coin’ Users Will Trip on ‘Gateway Drug’ Bitcoin: Venture Capitalist

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By CCN.com: The cryptocurrency space is concerned about whether or not the upcoming Facebook Coin will hurt the Bitcoin market. But according to Spencer Bogart, the social media giant’s entry into the crypto space could be the best thing that ever happened to bitcoin. The Blockchain Capital executive told Bloomberg that Facebook was a significant catalyst for boosting bitcoin’s adoption globally. The social media platform boasted billions of users worldwide. So, even a small percentage of them trickling into the cryptocurrency market could double or triple its user base. “We…

Bitfinex Releases Official White Paper for $1 Billion Exchange Token Offering

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Cryptocurrency exchange Bitfinex has released the official white paper for its $1 billion exchange token sale, revealing it will also launch a dedicated platform for projects to raise funds via similar initial exchange offerings (IEOs) starting from next month. Bitfinex published the white paper Wednesday, confirming recent reports that it’s aiming to raise up to $1 billion worth in the tether (USDT) stablecoin by selling its own exchange token, dubbed LEO, in a private sale. However, the white paper indicated the private sale will end on May 11, not the…

India’s Complex Relationship with Crypto

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A blow was struck to the crypto community in India in late April as reports circulated regarding a proposed ban on cryptocurrencies. India has a strong and passionate community of crypto enthusiasts, however, their steadfast belief in the value of cryptocurrency does not appeared to be mirrored in the diverse organs of the Indian state. Cointelegraph takes a deep dive into the latest developments in  the Indian crypto sector and speaks to the experts determined to stick out this turbulent period for investors. Ban rumor shakes Indian crypto community In a…

Keys4coins Lets You Buy Digital Video Game Licenses With Bitcoin Cash

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Video gaming is the biggest entertainment industry in the world right now and as most PC games are sold online to a young and tech-savvy demographic, they are a perfect fit for cryptocurrency payments. One platform taking advantage of this by selling digital game licenses for bitcoin cash is Keys4coins. Also Read: How to Pay for Flights on Your Next Business Trip With Bitcoin Cash How to Buy Video Game Keys With Cryptocurrency If you are looking to expand your video games library using crypto, make sure to check out…

Consensys Accelerates Blockchain Investment Portfolio, Consolidates Investment Arms

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…