Day: May 14, 2019

Samsung’s Budget Smartphones Will Reportedly Have Cryptocurrency and Blockchain Features

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Budget smartphones released by South Korean consumer electronics giant Samsung will reportedly feature cryptocurrency and blockchain features, local English-language local media Business Korea reports on May 14. Per the report, the crypto and blockchain-related functionality included in the Samsung S10 will be included in other Galaxy smartphone models. The electronics producer also reportedly plans to cooperate with telecommunications companies on blockchain-based mobile identification cards and local currencies. Chae Won-Cheol, senior managing director of the product strategy team at Samsung Electronics’ Wireless Business Division, reportedly said: “We will lower barriers to…

Coinbase Launches XRP Trading in New York, Price Explodes 20%

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By CCN: Coinbase has expanded its exchange platform to support XRP trading in New York. In a tweet on Monday, the cryptocurrency exchange confirmed that New York state residents can now buy, sell, convert, send, receive, or store XRP online or via the Coinbase apps. XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP on https://t.co/bCG11KMQ6s or using our iOS and Android apps.https://t.co/5VE1WklrWo pic.twitter.com/Zp5odgaoHs — Coinbase (@coinbase) May 13, 2019 XRP,…

Securities Laws Are ‘Written to Be Dynamic’

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Securities laws are “written to be dynamic,” a senior official at the United States securities regulator claimed in a recent panel at Consensus 2019 on May 13. Amy Starr, chief of the office of capital markets trends at the U.S. Securities and Exchange Commission (SEC), expressed the regulator’s willingness to interact with local crypto and blockchain-related businesses in order to gain a better understanding of how securities laws can be applied in various cases. Speaking at a panel titled “Perspectives on SEC engagement concerning digital assets,” Starr noted a high…

Bakkt To Test Bitcoin Futures In July

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Bitcoin futures exchange Bakkt said it would start testing physically-settled bitcoin futures contracts in July. As detailed in the ICE Futures U.S. filing with the U.S. Commodity Futures Trading Commission (CFTC), bitcoin futures will be listed on a federally regulated futures exchange in the coming months. “In conjunction with our exchange and clearing partners at ICE, we’ll be working with our customers over the next several weeks to prepare for user acceptance testing (UAT) for futures and custody, which we expect to start in July,” Bakkt CEO Kelly Loeffler said…

Bitcoin Is Garbage, a Useless Currency

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Shark Tank’s Kevin O’Leary said that he believes bitcoin (BTC) to be garbage during an interview with finance news outlet CNBC published on May 14. O’Leary founded SoftKey, a company that Owler estimates to have an annual revenue of $29 million. He has also appeared as a host on Shark Tank, an American business reality show on ABC, since 2009. During the interview with CNBC, O’Leary claimed that bitcoin is a useless currency, since people accepting it want to hedge against its volatility. O’Leary noted that he tried to use…

Bitcoin Buyers are ‘Dumb, Inexperienced Kids’: Gold Investor Slams Crypto

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By CCN: Gold investor Peter Schiff unleashed yet another savage takedown of bitcoin at this weekend’s SALT Conference. Schiff touted the same usual criticisms of bitcoin, calling it a “pump and dump scheme” that has “no value to hold.” But in a particularly aggressive statement, he managed to criticize an entire generation: “A bunch of young inexperienced kids are going to be dumb enough to buy bitcoin. Maybe they will. But as they get older they’re going to learn better.” When it was pointed out that half the audience owned…

How to Send Bitcoin Cash via Text Messages to Anyone With a Mobile Phone

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Cointext allows you to send bitcoin cash (BCH) to anyone with a mobile phone in the regions supported by the service even if you don’t have access to the internet. On a global scale, the availability of cheap devices can help many more people use cryptocurrency for payments via SMS text messages. Also Read: Learn How to Create BCH Apps With Bitcoin.com’s Developer Platform The Cointext SMS Bitcoin Cash Wallet Cointext is a platform that enables users to transfer cryptocurrency using simple text messages. The mobile wallet service allows anyone…

Crypto Hedge Funds Bought the F**king Dip During 2018’s Bitcoin Crash

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By CCN: It seems bitcoin’s epic 72 percent price fall in 2018 didn’t deter wealthy investors. Crypto hedge funds reported a three-fold increase in assets under management (AuM) in 2018 despite the bear market. It suggests investors were quietly building exposure to cryptocurrency even as the price fell. Per a comprehensive report on crypto hedge fund performance issued by PWC, hedge funds reported a median AuM of $4.3 million in January 2019, a 3x increase from the year previous ($1.2m). Congratulations to PWC team on the 2019 Crypto hedge funds…

HTC Debuts Smartphone In-Wallet ERC-20 Token Swaps

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Consumer electronics giant High Tech Computer (HTC) is rolling out in-wallet cryptocurrency trading for users of its Exodus 1 smartphone, according to a press release shared with Cointelegraph on May 14. HTC, which this week announced a low-cost version of its blockchain smartphone would appear around Q3 2019, now allows Zion Vault users to swap between various cryptocurrencies. The feature comes as a result of a partnership with Kyber Network, a dedicated platform for cross-token trading solutions. Swaps involve a selection of Ethereum (ETH)-based ERC-20 tokens, including basic attention token…

Australian Advisory Firm to Launch $250 Mln Digital Securities Offering for Mining Sector

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Major Australian capital advisory firm PCF Capital Group has chosen permissioned blockchain ecosystem KoreConX for a $250 million digital securities offering. The news was revealed in a press release shared with Cointelegraph on May 14. PCF Capital is a corporate advisory firm with a focus on serving clients within the mining and resource sector, and has executed 120 mine divestment and project financing mandates for over $2 billion, according to the press release. KoreConX is reportedly a permissioned blockchain ecosystem for fully-compliant digital securities. It comprises a network of broker-dealers,…