Day: July 25, 2019

Latest Version of Brave Browser Allows for BAT Withdrawals

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Product manager at blockchain-enabled internet browser startup Brave Browser, Alex Wykoff, announced that users using the latest software release will be able to withdraw their BAT tokens in a post on Brave’s community forum published on July 24. A new feature in the nightly builds Per the announcement, users of the last nightly (unstable, in-development) version of Brave Browser are able to withdraw their BAT tokens after verifying their identity with crypto banking startup UpHold. After the verification, users will also reportedly be able to buy additional BAT tokens, in…

Wanchain Partners with Malaysian E-commerce Giant PUC Berhad on Enterprise Solutions

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Wanchain – the blockchain project that seeks to build the future of digital finance through blockchain-to-blockchain interoperability, has just announced that it has formed a partnership with Malaysian eCommerce leader and digital creator, PUC Berhad. The company – which is publicly listed in Malaysia, is behind a number of well-known ventures such as online eCommerce hub PrestoMall, and Presto Super App. The news once again reaffirms Wanchain’s long-term vision of bridging the gap between real-world companies and blockchain integration. Loyalty points, credit scoring and more The newly formed partnership will…

Indian Bureaucrat Who Favored Bitcoin Regulation Quits Finance Ministry |

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The bureaucrat who favored the creation of a bitcoin regulatory framework in India quitted the Ministry of Finance on Wednesday. IAS Subhash Chandra Garg, who served as the Economic Affairs Secretary and Finance Secretary of India, accepted transfer order to the Ministry of Power. A day later, Garg applied for voluntary retirement from service with effect from October 31. Handed over charge of Economic Affairs today. Learnt so much in the Finance Ministry and Economic Affairs Dept. Will take charge in Power Ministry tomorrow. Have also applied for Voluntary Retirement from…

Judge Approves Lead Counsel in $4B Class Action Suit Against OneCoin Crypto Ponzi Scheme

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A New York’s federal judge has announced his decision of appointing Levi & Korsinsky and Silver Miller as the lead counselors of the $4 billion class action lawsuit against the cryptocurrency Ponzi scheme OneCoin, in which Donald Berdeaux was appointed as the lead plaintiff of the suit. The securities lawsuit alleges that OneCoin was a fraudulent investment program which hid behind the use of technical sophistication and fancy jargon, and thus led falsely informed investors to believe that the cryptocurrency had any actual value. The class action lawsuit further claims…

Huobi to Launch Regulated Thailand-Based Crypto Exchange in Q3 2019

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Huobi’s Thailand-based subsidiary has sealed the country’s fifth official license to operate a fully-regulated digital asset exchange. An official July 24 announcement from Huobi Group —the operator of Singapore-based flagship exchange Huobi Global — revealed that Huobi Thailand is expected to launch in Q3 2019, offering both regulated crypto-crypto trading and fiat on-ramps.  Global expansion Huobi Thailand will use Huobi Group’s Huobi Cloud platform — a product launched in the summer of last year to facilitate the construction of digital asset exchanges on the basis of Huobi’s existing platform.  The…

Cash, Card or Crypto? — Platform Helps Stores Accept Digital Payments

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A mobile crypto payment platform says its technology is transforming the retail business — and giving merchants an unprecedented opportunity to accept digital currencies as a method of payment. Eligma says Elipay, its flagship product, removes the hurdles that have been stopping brick-and-mortar stores from embracing cryptocurrencies. All too often, independent retailers have been dissuaded from accepting the likes of Bitcoin because it would take too much technical know-how. Volatility has been another concern, with small shops fearful that sudden price fluctuations could erase their razor-thin profit margins. However, the…

Bitcoin Above $10,000 But Downside Risks Remain: Analyst

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Bitcoin has close above the $10,000-level in its interim upside correction, but that does not guarantee an explosive price rally. Noted market analyst Josh Rager said on Thursday that bitcoin could continue trending upwards until it hits $10,854. The level, as he pointed, is acting as a resistance on the daily timeframe graph. The trader also illustrated it with a chart showing how the $10,854 level earlier halted the upside attempts in the bitcoin market. Bitcoin Eyes Pullback from Two Strict Resistance Levels | Image Credits: Josh Rager The statement followed…

Germany to Regulate Crypto Businesses with Special Regulatory Licenses

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The latest Anti-Money Laundering (AML) regulations in Germany will dictate to German cryptocurrency companies and exchanges to hold licenses issued by the Federal Financial Supervisory Authority (BaFin) starting next year. Since the evolution of Bitcoin (BTC)trade since its inception in 2009, the primary target of blockchains and cryptocurrencies has been to establish an unregulated and decentralized transaction systems. But just like many other technological prospects, Bitcoin has been vulnerable to human evil time and time again. In recent years, thousands of money laundering cases have been observed where Bitcoins and…

U.S. Man Indicted for Running Illegal Bitcoin Exchange 

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William Green, a Monmouth County, New Jersey resident has been indicted by a federal grand jury for operating a bitcoin trading business dubbed “Destination Bitcoin” without registering with the Secretary of the Treasury as required by the law, according to a press release on July 24, 2019.   End of the Road  Per a press release by the United States Attorney’s Office, District of New Jersey, the long arm of the law has caught up with a Monmouth County resident who has allegedly been running an illegal bitcoin business in the…

Ripple Sold Over $250M Worth of XRP in Q2 2019 Amid Spike in Institutional Involvement

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Amidst the current increase in the involvement of institutional corporations with cryptocurrency, Ripple reportedly sold out an excess of $250 million in XRP with about 40% of these sales been in favor of the institutional investors. On Wednesday 24th July, Ripple Labs released its quarterly report with regards to the XRP market. This publication mainly focuses on data such as trading volumes and future strategies to dump the company’s XRP token inventory. As this was stated in a recent Twitter post: The Q2′ 19 XRP Markets report outlines the steps…