Day: July 28, 2019

CoinLaunch Reaches $50,000 Settlement With Ontario Securities Commission

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Initial coin offering (ICO) consultant CoinLaunch has agreed to pay $50,000 to the Ontario Securities Commission (OSC), according to documents published on the regulator’s website dated July 24. According to commercial litigator and former programmer Evan Thomas, CoinLaunch was consulted on two ICOs, BCZERO (raising funds for a Czech off-road truck racing team) and ECOREAL (raising funds for a Portuguese resort), both of which were found to be securities. CoinLaunch reportedly created the tokens, white papers and websites, advised on the sale structure and made introductions, including to crypto exchanges…

Bitcoin (BTC) Retesting $9,500 for the Second Time in July, Will This Support Hold?

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Bitcoin (BTC) is down 11.7 percent The identity of Satoshi Nakamoto should remain anonymous John McAfee, the vocal Bitcoin permabull, claims to know the identity of Satoshi Nakamoto, the creator of Bitcoin. However, in a recent interview, “Bitcoin”, hopes Satoshi Nakamoto remains anonymous. Presently, BTC is down 11.7 percent from last week’s close. Bitcoin Price Analysis Fundamentals Through and through, Bitcoin, the network and internet money, is just like any other tool. At least that is what “Bitcoin”, in an interview with CoinTelegraph head of News, Molly Jane Zuckerman, said.…

Top-5 Crypto Performers: EOS, LEO, ETC, ADA, XMR

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. There is a sea of red as most of the top 20 currencies are showing negative returns for the week. This shows that the market is in a bear grip. The total market capitalization has dipped from over $385 billion on June 27…

Unbanked for Buying Bitcoin: How the Financial System Criminalizes Crypto

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When we think of the unbanked, we envisage citizens of developing nations who lack the means and documentation to obtain access. But you don’t have to be a Mongolian goat herder to find yourself financially excluded. In the West, relatively affluent citizens are having their banking services withdrawn suddenly and without warning. Their ‘crime’? Buying and selling bitcoin. Also read: 10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS A 20-Year Banking Relationship Broken by Bitcoin Banks, like politicians, are a necessary evil. Few people wax lyrical about…

Peter Schiff Pounces, Chalks Up Bitcoin to Marketing Success for Early Whales

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The bitcoin price is once again hovering below the $10,000 level, which the bulls see as a buying opportunity and the skeptics take as a chance to make digs. Gold bug Peter Schiff is among the first to pounce and rather than buying is doubling down on his bearish sentiment. The funny thing is there are similarities between the nascent crypto market and the early days of the gold rush. Schiff is pointing to the market dynamics as a weakness while crypto market leaders are reminding him that gold –…

Greek Billionaire Launches Hemp-Backed Token and Dedicated Exchange

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Greek billionaire and television director Alki David and his Swiss consortium launched cannabis-backed token SWX Coin, according to a press release published on July 25. A cannabis-backed token on the BTC chain Per the release, the consortium also launched the Swissx Bank of Cannabis to operate the token. The exchange will be based in Gstaad, Switzerland, and with a Caribbean headquarters to be named soon. The token is reportedly based on Bitcoin (BTC)’s blockchain, and a single unit is pegged directly to the median global price of premium hemp flower.…

2020 Democratic Presidential Candidate Andrew Yang Enables Bitcoin Donations

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Andrew Yang, a potential presidential nominee for the Democratic Party, is setting foot into the 21st century’s modern world of crypto and blockchain technology. Yang’s Political Action Committee (PAC), which is called Humanity Forward Fund (Humanity FWD), is now allowing donations in Bitcoin (BTC)trade for 21 days, from July 25 to August 14. This is fundamentally done to support his Democratic Party in the run for presidency in 2020. Yang is a long-time advocate of cryptocurrency and has previously released several pro-crypto statements. “I think the technology has massive potential…

Telecom Giant Verizon Seeks Blockchain Experts to Develop Distributed Networks

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One of the giants in the telecommunication industry, Verizon, is looking to make its way into the blockchain community. The company is looking to hire a competent blockchain team for development of a distributed network in its upcoming projects. According to new jobs posted Verizon’s job posting site, the company is “focusing on emerging technologies” for developing new networks for all Verizon branches, including the Verizon Business Group, Global Technology Services, and Verizon Consumer Group. Currently, the company seeks five different blockchain engineers and an overall of 21 roles that…

Greek Billionaire Creates Cannabis-Pegged Stablecoin and Global Hemp Exchange

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What a beautiful time to be alive! The world just witnessed the launch of the first-ever global cannabis bank and a new related crypto stablecoin, SWX Coin. The Swissx Cannabis Bank, as it is fondly called, was launched on July 26 by the Greek billionaire, Alkiviades David. According to David, the goal is to revolutionize the cannabis industry, and he hopes to do this through the Swissx Bank which also operates a unique crypto coin and the Swissx Global Hemp Exchange. It is an indisputable fact that the burgeoning world…

Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses

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Sunday, July 28 — Most of the top 20 cryptocurrencies are reporting losses on the day by press time, at the same time that Bitcoin (BTC) fell below the $9,600 mark. Market visualization courtesy of Coin360 Bitcoin is currently down by 5.2% on the day, trading at $9,538 at press time, according to Coin360. Looking at its weekly chart, the coin is down by 12.68%. Bitcoin 7-day price chart. Source: Coin360 The Bank of China, one of the four biggest state-owned commercial banks in the country, recently released an infographic on…