Day: July 27, 2019

Bitcoin-Friendly Square Cash App Stock Price Up 56% in 2019

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Cash App, they payments app of San Francisco-based payments company Square, announced a Bitcoin (BTC) giveaway in a tweet published on July 26 as its stock price continues to grow, according to MarketWatch. Giving away Bitcoin In its tweets, the official Cashapp Twitter account announced that it will give away $50,000 in Bitcoin. In subsequent tweets, Cashapp also pointed out that the number of tweets grew first to 12,300, and then to 40,300.  As Cointelegraph reported at the end of June, Square already enabled Bitcoin deposits to all of its…

Bitcoin Price Retakes $10K as Fresh Data Supports Giant $300K+ Bull Run

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Bitcoin (BTC) price gained over $300 in just ten minutes on July 27 as markets rallied to take the largest cryptocurrency back above $10,000.  Market visualization. Source: Coin360 Bitcoin network holds clues to price future Data from Coin360 shows BTC/USD trending towards the psychologically important barrier after hitting local highs of $10,179 early Saturday.  The sudden uptick ended a period of losses for Bitcoin holders, who watched as the pair descended to lows around $9,580 this week. Bitcoin 7-day price chart. Courtesy of Coin360 Bitcoin price remains around 4.7% down…

Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up

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The Chinese central bank released on its website an infographic illustrating what is Bitcoin (BTC), how it works and why it’s valuable on July 26. A brief story: from Bitcoin to Libra The infographic illustrates the story of Bitcoin, starting with the publication of its whitepaper in 2008, the mining of the first 50 BTC in 2009, 10,000 BTC having been spent for pizza in 2010, and other major milestones for the system, ending with the announcement of Facebook’s Libra. “Yesterday the Bank of China posted up an article about…

Binance Charity Foundation’s Donation Records Aren’t Transparent Yet

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The Takeaway: The charity arm of Binance was reportedly financed late last year by donations of at least $13 million. However, less than half of the donations made to the Binance Charity Foundation (BCF) are accounted for on BCF’s website, which shows under $6 million worth of crypto. BCF is partnering with the nonprofit AFRIpads for its Pink Care Token project but is still working to establish ties with actual recipients. The nonprofit has a long way to go until it can reach its stated goal of being “100 percent…

Binance Charity Foundation’s Donation Records Aren’t Transparent Yet

boss

The Takeaway: The charity arm of Binance was reportedly financed late last year by donations of at least $13 million. However, less than half of the donations made to the Binance Charity Foundation (BCF) are accounted for on BCF’s website, which shows under $6 million worth of crypto. BCF is partnering with the nonprofit AFRIpads for its Pink Care Token project but is still working to establish ties with actual recipients. The nonprofit has a long way to go until it can reach its stated goal of being “100 percent…

Bitcoin Price (BTC) Primed To Climb Further Above $10,200

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Bitcoin price stayed above the $9,600 support level and climbed higher against the US Dollar. The price broke the $10,000 resistance and it is now testing the key $10,200 resistance. There was a break above a major contracting triangle with resistance near $9,910 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to continue higher once there is a successful close above the $10,200 resistance. Bitcoin price is gaining momentum above the $10,000 level against the US Dollar. BTC price could accelerate upsides…

US-Based Traders Can Still Access Bitfinex Services

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United States-based traders can still purportedly access Bitfinex’s cryptocurrency trading services, despite recent claims that the firm is not active in the state. An anonymous source told blockchain and crypto news agency The Block that they were able to access Bitfinex from within the borders of the state of New York, according to a July 26 report.  Per The Block, the unnamed trader created an account with the tongue-in-cheek username “ImaNYresident”, and subsequently gained access to the platform by simply selecting a query stating that they are not a U.S.…

Co-Owner of Now-Defunct Crypto Exchange BitMarket Found Dead

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Tobiasz Niemiro, co-owner of now-defunct Polish cryptocurrency exchange BitMarket, has been found dead, local public radio station Radio Olsztyn reported on July 25. The local police stated that Niemiro had been found dead with a wound in his skull near his residence in the city of Olsztyn. The exact circumstances of Niemiro’s death have not yet been established. Polish political and general news-focused newspaper Gazeta Wyborcza suggested that Niemiro committed suicide. The authorities are ostensibly still working on determining the exact circumstances of Niemiro’s death. BitMarket suffered from lack of…

US Prosecutors Indict BTC-e Crypto Exchange, Seek Millions in Penalties

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United States prosecutors have filed a complaint against now-defunct crypto exchange BTC-e and its suspected operator Alexander Vinnik, according to a document filed in the Northern District of California on July 25. Per the filing, the Financial Crimes Enforcement Network (FinCEN) determined civil penalties for BTC-e and Vinnik last year, who face fines of over $88 million and $12 million, respectively. The filing states outright that BTC-e and Vinnik did not attempt to register with FinCEN, implement Anti-Money Laundering practices, or report suspicious activity generally. Alleged money laundering and lack…