Day: July 12, 2019

Miami Dolphins Score Litecoin to Spike Ballin’ Crypto Payments

boss

Litecoin could help boost cryptocurrency to an even broader audience. On Friday, the foundation behind the world’s fourth-largest cryptocurrency announced a partnership with the Miami Dolphins. The deal makes Litecoin the official cryptocurrency of the American football team and enables cryptocurrency payments for select products. We are excited to announce Litecoin as the Official Cryptocurrency of the Miami Dolphins! 🏈 Litecoin Foundation is partnering with @MiamiDolphins and @AliantPayment to allow NFL fans to #PayWithLitecoin. Read more about it here: https://t.co/CD6ja1AQHI pic.twitter.com/RJ09xfRkmz — Litecoin Foundation (@LTCFoundation) July 11, 2019 Charlie Lee,…

Miami Dolphins Score Litecoin to Spike Ballin’ Crypto Payments

boss

Litecoin could help boost cryptocurrency to an even broader audience. On Friday, the foundation behind the world’s fourth-largest cryptocurrency announced a partnership with the Miami Dolphins. The deal makes Litecoin the official cryptocurrency of the American football team and enables cryptocurrency payments for select products. We are excited to announce Litecoin as the Official Cryptocurrency of the Miami Dolphins! 🏈 Litecoin Foundation is partnering with @MiamiDolphins and @AliantPayment to allow NFL fans to #PayWithLitecoin. Read more about it here: https://t.co/CD6ja1AQHI pic.twitter.com/RJ09xfRkmz — Litecoin Foundation (@LTCFoundation) July 11, 2019 Charlie Lee,…

US Federal Election Commission Allows Using Crypto for Florida Congressional Campaign

boss

With the ongoing rivalry between governments and the crypto world, should crypto coins be accepted for campaign-related activities? From the look of things, I guess the answer is yes. A number of ambitious public officials have used virtual currencies in campaign-related activities such as campaign donations and as incentives. A campaign for one of the candidates running for Congress in Florida recently wrote to the Federal Election Commission (FEC), requesting permission to use Ethereum-based tokens as an incentive for campaign volunteers and supporters. The campaign for Omar Reyes team sent…

BitMEX Owner Awards $60K Grant to Bitcoin Developer Michael Ford

boss

Bitcoin Core contributor Michael Ford, aka “fanquake,” has been awarded a $60,000 grant by the parent firm of top crypto derivatives platform BitMEX. In an official announcement published on July 12, BitMEX owner and operator HDR Global Trading revealed its decision to award Ford the grant, noting that he has just recently been made the latest official maintainer of the Bitcoin Core software project.  This means that the developer’s key has been added to the “trusted keys list” file on GitHub — giving him the ability to merge in changes…

‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold

boss

The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies.  Testifying before the Senate Banking Committee on July 11, Fed Chairman Jerome Powell gave his analysis of whether a cryptocurrency system with global prevalence could diminish — or even go so far as to remove the need for — so-called anchor currencies.  With the U.S. dollar de facto the world’s dominant reserve currency, Powell acknowledged the possibility of a preeminent cryptocurrency redrawing the current financial landscape…

Japanese Crypto Exchange Hacked in $32 Million Heist, Markets Oblivious

boss

Following the demise of one of Poland’s largest crypto exchanges last week, news is breaking today that one in Japan has just been hacked. Bitpoint Suspends Services An official announcement today stated that Japanese crypto exchange Bitpoint has suspended services following a heist to the tune of around $32 million in crypto assets. A Boomberg report added that XRP was one of the major cryptocurrencies involved in the theft of about 2.5 billion yen in customer funds. A further billion yen in assets belonging to the exchange were also lost.…

The Best Responses to Donald Trump’s Claim That Bitcoin Is Backed by ‘Thin Air’

boss

The cryptosphere was rubbing its hands with glee when U.S. president Donald Trump fired off a typically cantankerous tweetstorm on June 11 in which he took aim at Bitcoin, cryptocurrencies and Libra. Bitcoiners relished the sudden attention directed towards their sphere from the president’s 62 million-strong Twitter account, but took issue with the veracity of his claims. Here are 10 of the best replies. Also read: Expert Witness in Satoshi Case Claims Dr Wright’s Documents Were Doctored Trump Tweetstorm Sparks a Thunderous Response “I am not a fan of Bitcoin…

Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

boss

Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by hackers during the attack. Remixpoint has clarified that it will be compensating those customers who have lost their funds. But that didn’t stop the Bitpoint parent’s stock to plunge as much as 18% on the…

Bitcoin Industry Celebrates ‘Achievement Unlocked’ as Trump Pumps Market

boss

Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12. In the hours after the United States’ president delivered his lackluster appraisal of crypto, the Bitcoin price stayed stable, only to then begin growing to hit 1% gains Friday.  Negative or not, for proponents, the event marked a psychological milestone for Bitcoin, as Trump had previously held off from mentioning it in public.  The fact that he felt the need to bash Bitcoin…

FED Chairman Jerome Powell Compares Bitcoin to Gold

boss

Just recently, during his testimony before the Senate Banking Committee, FED Chairman Jerome Powell looked into the Facebook’s Libra cryptocurrency, compared Bitcoin to Gold, saying that it’s an alternative to the asset. Recently in a hearing with the Senate Banking Committee, Jerome Powell was talking about Facebook’s recent cryptocurrency project Libra and also commented on the number one cryptocurrency – Bitcoin. While saying that Libra raises a lot of regulatory questions and concerns such as money laundering, consumer protection, and financial stability, of course, he also mentioned that if Facebook’s…