Day: July 18, 2019

BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer

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Economist and anti-cryptocurrency pundit Nouriel Roubini has recently declared that there is “overwhelming evidence of rampant fraud and abuse” in the crypto space.  Roubini, a professor at NYU’s Stern School of Business, also took aim specifically at the compliance policies of crypto exchange BitMEX in an essay entitled “The Great Crypto Heist.” The essay was published by opinions publication site Project Syndicate on July 16. According to Roubini, anonymous sources from within BitMex told him that criminals perform a massive amount of money laundering on the exchange: “BitMEX insiders revealed…

Trump Tweets Crypto Rant — What Is the Bitcoin Reference Really About?

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Over the last few years, United States President Donald Trump’s tweetstorms have become a peculiar yet amusing feature of American public life. The president’s off-the-cuff comments have served a wide variety of purposes, from enriching political discourse with the mysterious term covfefe to delivering direct threats — furnished with proper capitalization — to the leadership of the nations deemed U.S. adversaries. The most newsworthy rants almost invariably felt improvised, emotional and reactive. However, the historic series of tweets that constituted the first-ever public comment on cryptocurrencies by a sitting U.S. president didn’t…

Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta

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Steve Wozniak, co-founder of American tech giant Apple, has invested in a new blockchain-based company headquartered in Malta. Wozniak is now the co-founder of energy efficiency company Efforce, according to a report by Maltese news daily The Malta Independent on July 18. Wozniak co-founded the company alongside Jacopo Visetti, who — according to his LinkedIn profile — works in the renewable energy and environment sector. According to this page, Visetti co-founded Efforce in January, 2018 — approximately one year and seven months ago.  According Efforce’s LinkedIn page, the company provides…

New Jersey Accuses Blockchain Firm of Unregistered Securities Sale

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The State of New Jersey alleges that a blockchain-based online rental marketplace sold over $400,000 of unregistered securities. A complaint filed on July 17 accuses Pocketinns, Inc. and its president Sarvajnya G. Mada of offering and selling around $410,000 of unregistered securities in the form of a cryptocurrency dubbed “PINNS Tokens.” The tokens were sold through an initial token offering between Jan. 15 and Jan. 31, 2018. Neither Pockettins nor Mada have allegedly been registered with the state’s Bureau of Securities.  The defendants purportedly sold tokens to 217 investors in…

US Chamber of Digital Commerce Onboards Crypto Exchange ErisX

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The United States Chamber of Digital Commerce has taken aboard cryptocurrency exchange ErisX. Per a press release shared with Cointelegraph on July 18, ErisX has become a member of the Chamber of Digital Commerce, an advocacy group that promotes the digital asset and blockchain industry.  ErisX thus joined other heavyweights of the industry such as Fidelity Investments, Overstock.com’s Medici Ventures, enterprise blockchain software firm R3, stablecoin platform TrustToken and professional services company Accenture, among many others. ErisX CEO Thomas Chippas stated: “The Chamber of Digital Commerce and its member initiatives…

Waves to Use Vostok as Utility Tokens for New Enterprise Blockchain Solution

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Waves CEO Alexander Ivanov has announced a new department for enterprise projects that will be fueled by Vostok (VST) tokens.  According to a July 18 press release, Waves is opening a new company department called Waves Enterprise, which will employ a corporate blockchain solution of the same name. The Waves Enterprise solution is a management system for businesses that need to handle data sets containing private information. As per the report, VST tokens will be the utility token for Waves Enterprise, and will be exchanged for a variety of network-based…

Bitcoin ATM Firm LibertyX Expands Locations via New Partnership

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LibertyX, the firm that launched America’s first Bitcoin (BTC) automated teller machine (ATM), will add 90 new machines to its network. In order to expand the network, Boston-based LibertyX has partnered with independent ATM operator DesertATM, according to a report by global ATM market publication ATMmarketplace on July 18. As a part of the partnership, DesertATM will upload LibertyX on 90 of its Genmega ATMs to enable Bitcoin operations. New Bitcoin ATM locations will include gas stations such as AMPM, ARCO & Chevron, as well as Family Dollar retail stores,…

Bitcoin Recovers Quickly on Technical Bounce

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Bitcoin may have had a superb year up until June, but the month of July, and especially the past week, has proven to be troublesome as the price of the cryptocurrency continued to crash down. The issues with relation to Facebook’s Libra and United States President Donald Trump’s comments about cryptocurrencies like Bitcoin caused a massive drop. The token fell below $10,000 after having climbed above $13,000 earlier. Sudden Spike However, it seems that Bitcoin is making a comeback yet again, and today, the cryptocurrency experienced a massive spike that…

Binance Unknowingly Earns Staking Rewards of Stellar, Adds Support

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Major cryptocurrency exchange Binance has earned staking rewards on Stellar (XLM) following a change of some parameters on cold and hot wallets. In a blog post published on July 18, Binance said that it unknowingly earned staking rewards of 9,500,000 XLM ($775,000 at press time) in extra XLM tokens in the wake of specific parameter changes on cold and hot wallets made a year ago. The exchange subsequently decided both to immediately add staking support for XLM and to share the gained XLM rewards with the entire community. The post…

Litecoin (LTC) Trading Volumes Swelling, Will $100 Stop Buyers?

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Litecoin (LTC) recovery, adds 13.3 percent in 24 hours Ron Paul is a supporter of cryptocurrencies Despite FUD around cryptocurrencies, Litecoin bulls are active. Rejecting lower prices, LTC could float higher to $100 or better in coming days. Currently, bears will likely press lower since prices are down 17.4 percent week-to-date. Litecoin Price Analysis Fundamentals Undoubtedly, for what they seek to achieve, cryptocurrencies are the building blocks of a borderless future. As Bitcoin’s founder Satoshi Nakamoto laid down the seed that is now blossoming, attracting comments from Donald Trump and…