July 5, 2019

Central Bank Crypto Could Damage Entire Economies, Warns Bank of Japan

July 5, 2019 boss

The deputy governor of the Bank of Japan, Masayoshi Amamiya, has warned that the creation of crypto by central banks could have a negative impact on economies, Reuters reports. According to Amamiya, Central Bank Digital Currencies (CBDCs) had the potential to take away the credit channels of commercial banks if they managed to replace private deposits. Consequently, this would impact the economy negatively since commercial banks would be rendered unable to borrow and by extension, lend: If central bank digital currencies replace private deposits, that could erode commercial banks’ credit…

Coinsquare invests in Just Cash, a company that turns regular ATMs into crypto ATMs

July 5, 2019 boss

Canadian digital currency exchange Coinsquare has made a controlling investment in Just Cash, a company that creates software that turns regular ATMs into crypto ATMs. A routine software update will essentially turn a traditional ATM into a crypto ATM to dispense Bitcoins. Just Cash’s software will enable any normal fiat-based ATM to sell cryptocurrency such as Bitcoin directly to customers without disrupting the ATM network. It does not require a new hardware upgrade or developing of a mobile application. Coin ATM Radar data shows significant growth in the number of…

“Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp

July 5, 2019 boss

Bitcoin does not need to do anything to become a global reserve currency until Mr. Donald Trump is in command at the White House. That is what Jameson Lopp of CASA said on Friday in response to the President Trump’s call to manipulate the value of the US dollar. The chief technology officer stated that financial systems are inevitably failing under the political influence of “fickle fallible humans.” And as they keep eroding the system from the inside, people would be left with no choice but to look for financial backups…

“Fickle Fallible” Donald Trump Will Make Bitcoin Global Currency: Lopp

July 5, 2019 boss

This Rare ‘Physical’ Bitcoin Can Be Yours for $99,000

July 5, 2019 boss

A physical bitcoin (BTC) is selling on eBay for $99,000, a listing on July 1 shows. The seller claims the “collector’s must have” is a Casascius brass token that was created in 2011. According to the listing, the physical coin is loaded with one BTC that has not been redeemed, and all of the seals remain intact. Payment can be made in crypto or cash, and the seller says they will also consider trading it for real estate. However, the listing adds that “Cars and boats = no.” The seller says they made the purchase…

Monero Discloses Bug Allowing XMR to be Stolen from Exchanges

July 5, 2019 boss

Several security vulnerabilities have been disclosed by Monero, including one that could have been exploited to steal xmr from exchanges, reports on the breach disclosure platform HackerOne revealed on July 3. The vulnerability theoretically enabled attackers to send counterfeit xmr to an exchange. Once the fraudster’s account was credited, they could then convert it into other coins and make a withdrawal, leaving the exchange out of pocket. Describing the critical breach they uncovered, the lead developer for CUT coin added: “It is our belief that the vulnerability cannot be used to “mint” real, transactable monero out…

Bitcoin Price Drops Under $11K, Faces Worrying Retreat Near $9,000

July 5, 2019 boss

Bitcoin cratered on Friday, confirming that its interim downtrend sentiment is far from over. The world’s largest cryptocurrency by market cap established an intraday low of $10,761.80, down 3.38 percent from the Thursday Asian session open. The move downhill brought bitcoin’s downside correction from 2019 top to 22.40 percent. At the same time, the cryptocurrency’s market capitalization dipped to approx $193.84 billion. On the volume front, the bitcoin-enabled pairs across all the cryptocurrency exchanges posted more than $25 billion worth of trading activity in the past 24 hours. Nevertheless, the…

Fake News About Gold Asteroid Succeeded to Pump Bitcoin

July 5, 2019 boss

CEO of investment advisory firm Euro Pacific Capital, Peter Schiff said that the news of a massive 16 Psyche asteroid that contain abundant amounts of gold is ‘just nonsense’ propagated by the Bitcoin community. A few days ago it was announced that beyond planet Earth, there exists a long-term prospect of the Main Asteroid Belt, which would provide a world’s great wealth. We are aware that this sounds like a crazy fairy tale but however since NASA was included with its Psyche mission, we decided to see what is really…

BrewDog Now Lets You Buy Company Shares Paying With 10 Cryptocurrencies

July 5, 2019 boss

Scottish craft beer brewery BrewDog has extended its latest crowdfunding to allow investors to buy shares in the form of cryptocurrency, the company tweeted on July 4. BrewDog’s crowdfunding project, so-called “Equity for Punks” now accepts ten cryptocurrencies to become a shareholder. The supported cryptos include bitcoin (BTC), bitcoin cash (BCH), bitcoin SV (BSV), ether (ETH), litecoin (LTC), ripple (XRP), OmiseGO (OMG), Qtum (QTUM), Augur (REP), and 0x (ZRX), as BrewDog stated in a recent blog post. Launched back in 2010, Equity for Punks program allows investors to buy a…

Blockchain-Based Game Becomes First DApp to Launch on Crypto Platform

July 5, 2019 boss

A crypto platform has announced the launch of the first decentralized application (DApp) on its blockchain. ILCoin says its debut DApp, created on the SHA-256 blockchain, is a game called AGE of ILC — a tower defense game in which players have to obstruct strangers and stop them from stealing their treasure. The game’s developers say their title has been designed to have an old-school, retro look like in the 1980s and 1990s. AGE of ILC will initially be made available on Google Play in the middle of July, and…