Day: June 21, 2019

Kleiman Attorney: ‘Craig Wright Hasn’t Complied With the Order to List His Bitcoin’

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A court filing has surfaced in the ongoing Kleiman v. Wright lawsuit that gives details concerning the existence of the alleged Tulip Trust and another trust known as the Tulip Trust II. The filing of Craig Wright’s declaration dated May 8, 2019 is partially redacted but gives a description of the ostensible trusts of bitcoin holdings. Further, the court mediation between both parties held on June 11 shows the case did not settle and resulted in an impasse. Kleiman’s lawyer has also revealed that Wright has not complied with the…

Ethereum (ETH) Price Surge 13.1% As Cloudflare Launchs A Gateway

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Ethereum (ETH) rally, up 13.1 percent Cloudflare launches an Ethereum gateway The promise of Ethereum 2.0 is bliss for ETH holders. As Cloudflare positions itself, prices are rallying. Week to date, ETH is up 13.1 percent and could blast above $300 as buyers take charge. Ethereum Price Analysis Fundamentals The path for a “better” Ethereum is on, and ETH investors stand to reap huge benefits. Trading below $300, Vitalik is brimming with confidence. It all has to do with the recent update of Phase Zero of the Beacon Chain. Comprised…

What to Expect From the Telegram Open Network: A Developer’s Perspective

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Recently, new materials surfaced about the lite client for the Telegram Open Network (TON) blockchain, powered by encrypted instant messaging service Telegram. Based on the content of these documents, it is possible to make a lot of assumptions about its future, especially in regard to comparing TON with competitors — such as the Cosmos network, Polkadot and Ethereum 2.0 — as well as the overall impact of the blockchain ecosystem. Polkadot, Cosmos and TON will definitely compete for users and developers. Moreover, in 2019, every blockchain really needs to have…

FATF to Strengthen Control Over Crypto Exchanges to Prevent Money Laundering

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Today’s Financial Action Task Force’s (FATF) announcement focused on digital currency’s role in money laundering and heightened regulation, as Secretary Steven Mnuchin noted in his closing remarks. The FATF — an intergovernmental organization that focuses its efforts on fighting money laundering — is planning to strengthen control over cryptocurrency exchanges to preclude digital currencies from being used in money laundering and related crimes. U.S. Secretary of the Treasury Steven Mnuchin said that the new measure will require that crypto assets service providers comply with anti-money laundering (AML) and combating the…

Mike Novogratz’s Galaxy Digital to Launch Crypto Options Contracts Trading: Report

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Mike Novogratz’s crypto investment bank Galaxy Digital is expanding its services to offer crypto options contracts trading, industry media outlet The Block reports on June 21. According to the report, Galaxy Digital’s new initiative is made in response to increasing demand from institutional investors in order to hedge the high volatility that is a calling card of crypto assets. Bitcoin (BTC) options are a type of crypto derivative that are a wide-spread method of profiting from a highly volatile market by strategically hedging risks such as reducing portfolio risks, and…

Ripple (XRP) Undervalued, Libra Is A Wake-Up Call For Banks

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Ripple (XRP) adds 10.3 percent Brad Garlinghouse bullish on Bitcoin At the backdrop of Facebook and its coin Libra, XRP is steady. While volatility is low and volume shrinking, a break above 50 cents is likely. Such a move will cement bulls of early May and catalyze a race for 80 cents or higher. Ripple Price Analysis Fundamentals Reiterating his previous stance, Brad Garlinghouse is once again reminding the community that he is a supporter of Bitcoin. As the first of its kind, Bitcoin did open the doors for further…

Oxfam Partners With Tech Firms to Test Dai’s Use in Disaster Aid

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International charity organization Oxfam has partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s (DAI) suitability for aid in regions suffering from natural disasters, local news outlet Micky reported on June 17. The parties launched a philanthropic initiative dubbed UnBlocked Cash with the support of the Australian Government. To test the system, Sempo and Oxfam chose purportedly the world’s most natural disaster-prone country, Vanuatu. During the trial, 200 residents of the island Efate were given tap and pay cards containing around 400 vatu each ($50…

Ethereum Devs Approve First 2 Code Changes for ‘Istanbul’ Hard Fork

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Two Ethereum Improvement Proposals (EIPs) have been approved for inclusion in ethereum’s next major upgrade, Istanbul. These are the first two code changes to be officially approved for the Istanbul upgrade, which is tentatively targeted to activate on ethereum mainnet in October. In today’s bi-weekly call, developers discussed which of the nearly 30 EIPs for Istanbul would be approved and which would be rejected or delayed for a later system-wide upgrade, also called a hard fork. While the majority of EIPs still do require further discussion, two are now officially approved.…

CME Bitcoin Futures Briefly Broke $10,000 Amidst a New Open Interest All-Time High

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Bitcoin (BTC) futures on the Chicago Mercantile Exchange’s (CME) briefly broke $10,000 on Friday, June 21, according to data from trading analytics platform TradingView. CME bitcoin futures 24-hour chart. Source: TradingView BTC futures reached a new high for 2019 of around $10,050, breaking $10,000 for the first time since early March 2018, when bitcoin was trading above $11,000 per coin. The new 2019 record has grown in line with the new highs of CME bitcoin futures total open interest (OI) that has reportedly reached around $273 million after CME reported…

Statement on Eurofins Scientific | ICO

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ICO Deputy Commissioner for Operations, James Dipple-Johnstone, said: “The ICO has received a report that Eurofins Scientific, which provides forensic and scientific services to a number of UK law enforcement agencies, has been subject to a data breach. “We are working with partners and other stakeholders, nationally and internationally, to establish the scale and extent of the incident and to ensure that the interests of UK citizens are protected. “At present the Luxembourg Data Protection Authority, Commission Nationale pour la Protection des Données (CNPD), is currently the lead data protection…