Day: July 31, 2019

Bahrain Crypto Exchange Gets Central Bank License in Middle East First

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Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license. In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module (CRA) license from the Central Bank of Bahrain. The license came the same week Rain announced successful closure of a $2.5 million funding round backed by partners including the V.C. arm of crypto derivatives giant BitMEX. Kuwaiti blockchain fund Blockwater also contributed. The blog post reads:  “With this license, Rennes has become the first encrypted currency trading platform in…

1 in 5 European Crypto Holders are Women, New Report Reveals

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While fresh data confirms that the crypto community continues to be male-dominated, the gender imbalance may be less extreme than previously thought. A report published by fintech firm Bitpanda and market research company GlobalWebIndex on July 31 examined a broad set of data points to glean insight into the profile of European crypto investors.  One in five European crypto holders are women The report notes that while prior research has suggested that as much as 90%+ of crypto investors are male, fresh analysis indicates that the gender distribution among European…

PR: CheapAir.com and Bitcoin.com Partner to Serve Bitcoin Cash Travelers

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CALABASAS, CA (July 31, 2019) – Online travel agency CheapAir.com and Bitcoin.com today announced a partnership to serve crypto travelers. Beginning today, more than 4 million Bitcoin.com Wallet users will be able to access CheapAir.com’s booking engine from their mobile app. The partnership will help crypto travelers find the best deals on flights and hotels around the world. In 2013, CheapAir.com became the first U.S.-based online travel agency to accept Bitcoin payments for flights and hotels. CheapAir.com now accepts payment in Bitcoin Cash (BCH), Ethereum, Litecoin, and Dash. We’ve worked…

SEC Wants to Run Bitcoin, XRP and Ethereum Nodes

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The SEC is seeking quotes from contractors to run Bitcoin and Ethereum nodes on its behalf, in addition to “as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO and XRP Ledger.” What they are hoping to find? Allegedly the United States Securities and Exchanges Commission (SEC) is planning to run through contractors a Bitcoin and an Ethereum node, in addition to “as many as possible of the following blockchains: Bitcoin Cash, Stellar, Zcash, EOS, NEO, and XRP Ledger.” In their Synopsis, they wrote they intend…

Bitcoin Miner Canaan Creative Files For An IPO In the United States

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Through this Bitcoin mining IPO, Canaan plans to raise $200 million from the public. This is the company’s second attempt for public filing. With the revival in the Bitcoin prices over the last few months, manufacturers of the Bitcoin mining equipment seem to be having a great time. One of the major Bitcoin manufacturers Canaan Creative has recently filed for an Initial Public Offering (IPO) in the United States. According to the report from IRFAsia on Wednesday, July 31, this China-based crypto mining company is looking to raise $200 million…

Drug Dealer Forfeits Over $4M in Bitcoin as Part of a Guilty Plea

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According to a July 25 press release from the United States Attorney’s Office of the Southern District of New York, the very active Bitcoin drug dealer Richard Castro has pleaded guilty of committing illicit activities such as money laundering and distributing three controlled substances through the dark web and encrypted emails. Castro was charged by the US Department of Justice (DoJ) and agreed to forfeit more than $4 million including cryptocurrency funds available in his seven different Bitcoin wallets. Castro, 36-year-old based in Windermere, Florida, operated under multiple badges, such…

Chinese Mining Giant Becomes ‘First’ To File US IPO: Unconfirmed Report

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Chinese Bitcoin mining giant Canaan Creative has allegedly filed a $200 million initial public offering (IPO) request with United States regulators.  Report: Canaan ‘beats Bitmain’ to IPO filing That was according to a report which appeared on local social media platform WeChat on July 31, which claimed the application was already sitting before the U.S. Securities and Exchange Commission (SEC).  Despite being less known in the West than its competitors such as Bitmain, Canaan is one of the three main Chinese Bitcoin mining players, the third being Yibang International. While…

India: NASSCOM Condemns Government’s Intentions to Prohibit Bitcoin and Cryptocurrencies

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The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions involving other blockchain-based digital assets illegal, reports LiveMint on July 30, 2019.  Bad Idea Per sources close to the matter, NASSCOM, India’s information technology and software industry non-profit organization established in 1988, has made it clear that the country’s plan to place a blanket ban on the trading, holding and…

Bitcoin Price (BTC/USD) Signaling Bullish Continuation To $10,200

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Bitcoin price formed a solid support near the $9,200 level and recently recovered against the US Dollar. The price is trading nicely above $9,500 and it recently tested the $9,770 level. There is a short term contracting triangle forming with resistance near $9,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to continue higher once it clears the $9,750 and $9,800 resistance levels. In the past few hours, bitcoin price recovered above $9,500 against the US Dollar. BTC price is showing positive…

Bitcoin & Crypto Market Cap Approaching Resistance: LTC, BNB, BCH, TRX Analysis

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The total crypto market cap is correcting higher towards the key $265.0B resistance area. Bitcoin price corrected more than 2%, but it facing hurdles near $9,700 and $9,800. Binance coin (BNB) price is correcting higher towards the $28.00 and $28.50 resistance levels. Litecoin (LTC) price is likely to face a strong resistance near the $95.00 level. BCH price gained more than 5% and it broke the main $320 resistance area. Tron (TRX) price stayed above the $0.0210 support and recently corrected above the $0.0220 level. The crypto market cap and…