Day: July 25, 2019

Kraken Installs Crypto OTC Guru as CEO of Bitcoin Futures Platform

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United States cryptocurrency exchange Kraken has hired the ex CEO of over-the-counter (OTC) trading platform B2C2 to head its new Bitcoin futures operation. Kevin Beardsley, who previously led the United Kingdom-based company for a year, will now oversee Kraken Futures’ expansion as volumes hit $2.5 billion in June.  Beardsley confirmed the news linking to comments he made to cryptocurrency news outlet The Block.  “Being a pretty wide range of different types of participants, I have a pretty good understanding of what people are looking for and how to meet those…

Binance Launches Multi-DEX Support for Trust Wallet with Kyber Network

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Major crypto exchange Binance has added support for multiple decentralized exchanges (DEX) to its Trust Wallet by integrating the Kyber Network protocol.  The development was revealed in an official announcement shared with Cointelegraph on July 24. As previously reported, Binance acquired Trust Wallet — an open-source, decentralized wallet that initially offered native support for Ether (ETH) and Ethereum-based tokens — in summer 2018. After extending the wallet’s support to multiple cryptocurrencies, Binance released the wallet on its non-custodial platform Binance DEX this June. Following integration with the Kyber Network liquidity…

Another Wannabe Satoshi Nakamoto Appears in Kleiman vs. Wright Lawsuit

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A new person has stepped forward and claimed to be Satoshi Nakomoto, the pseudonymous creator of Bitcoin. Belgian citizen, Debo Jurgen Etienne Guido made his claim in a letter filed with a federal courthouse in Florida on July 22. Right when we all thought that Craig Wright was the worst that can happen to the “Who is the real Satoshi” saga, someone decided to add another character to the story. Just after Paul Solotshi Calder Le Roux, the creator of encryption software E4M and TrueCrypt, the cryptography encryption software Satoshi…

Trade-offs

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Reuben Binns, our Research Fellow in Artificial Intelligence (AI), and Valeria Gallo, Technology Policy adviser, discuss how using AI can require trade-offs between data protection principles, and what organisations can do to assess and balance them.  This post is part of our ongoing Call for Input on developing the ICO framework for auditing AI. We encourage you to share your views by leaving a comment below or by emailing us at AIAuditingFramework@ico.org.uk. AI systems must satisfy a number data protection principles and requirements, which may at times pull organisations in…

Bitcoin Mining Plant in Colorado Keeps Neighbors Awake at Night

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The City of Colorado Springs is facing complaints about a mining plant who is struggling to comply with the city noise ordinance. This according to a report from Colorado Springs Independent, July 24, 2019. Former Intel Plant Turned into Mining Factory In 2018, 3G Venture, a California-based company, purchased a big part of an abandoned Intel chip manufacturing complex at Garden of the Gods Road in Colorado for $13 million. John Chen, the owner of the company, then used the facility to start its mining operation in October 2018. The…

U.S. Treasury Secretary: ‘I Bet I Won’t Even Talk About Bitcoin in Five Years’

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U.S. Treasury Secretary Steven Mnuchin believes cryptocurrencytransactions may pose certain risks to the financial system as they couldpotentially be used fund illicit activities such as money laundering and drugtrafficking. Mnuchin’s recent comments also seemed to imply that Bitcoin might not be amajor financial asset class in the coming years.  During an appearance on CNBC’s Squawk Box, Mnuchin remarked: “I can assure you I will personally not be loaded up on bitcoin in 10 years. I would bet even in five to six years I won’t even be talking about bitcoin…

PR: CoinLoan Welcomes Bitcoin Cash to Their List of Collateral Currencies

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CoinLoan is among the first to offer loans secured by Bitcoin Cash As we mentioned in our previous updates, new assets are about to join CoinLoan’s list of cryptocurrencies soon. CoinLoan keeps its promises, and today, we pride ourselves on adding a new collateral currency to the CoinLoan platform — Bitcoin Cash (BCH). Now, CoinLoan is accepting BCH to enable users to unlock the value of their BCH assets without selling them. Users can deposit BCH coins into their CoinLoan accounts as they did with BTC. However, unlike BTC, BCH…

CFTC BitMEX Investigation Continues to Unravel Bitcoin Markets — EWN

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BitMEX Continues to Lose Steam Post-CFTC Rumor Users of BitMEX seem to still be running scared. As noted by prominent Bitcoin and Ethereum proponent and commentator Spencer Noon, after Bloomberg published a story about the CFTC looking into BitMEX, $85 million worth of BTC fled the exchange within 24 hours. During the same time frame, a mere $12 million worth of the cryptocurrency was deposited, implying a net $73 million outflow on the day after the report. Also, since then, the average value of withdrawal transactions from the exchange’s wallets…

Embattled Tron Creator Sun Apologizes to China in Deleted Social Media Post

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Blockchain platform Tron’s founder, Justin Sun, sparked fresh controversy this week after he first posted and then deleted an online apology in an ongoing PR debacle.  Cryptocurrency-focused news outlet Cryptoslate reported the events, providing their own translation of comments Sun wrote and later removed from Chinese social media platform Weibo on July 25. Sun was due to have lunch with infamous Bitcoin (BTC) naysayer Warren Buffett on Thursday, a date he recently abruptly postponed due to reported ill health.  At the same time, Sun’s intense marketing of Tron, for which…

Bitcoin Reclaims $10,000 As Alts Rally

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Thursday, July 25 — the crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) breaking back above the psychological price point of $10,000. Market visualization. Source: Coin360 Having dropped to a four-figure price point in recent corrections, BTC is today up a solid 3.2%, bringing it to $10,075 by press time.  While still short of its intra-week high of over $11,000 (July 21), today’s recovery has brought the coin to a circa 4% gain on its 7-day chart.  In an interview…