Month: July 2019

Ripple Devotees are Taking Out ‘Balls Deep’ Loans to Buy XRP

boss

Die-hard Ripple fanatics are going “balls deep” in debt to buy XRP, the cryptocurrency associated with Ripple. One Twitter user known as XRP PHOENIX said he’d taken a loan for “way more than [he] can afford to pay back” to fund his crypto purchases. Just went BALLZ deep in $XRP Took out a loan for *way* more than I can afford to pay back I am NOT bragging or flexing here. My aim by staying this here is to document my BALLZ DEEP journey with you all as an educational…

Ripple Devotees are Taking Out ‘Balls Deep’ Loans to Buy XRP

boss

Die-hard Ripple fanatics are going “balls deep” in debt to buy XRP, the cryptocurrency associated with Ripple. One Twitter user known as XRP PHOENIX said he’d taken a loan for “way more than [he] can afford to pay back” to fund his crypto purchases. Just went BALLZ deep in $XRP Took out a loan for *way* more than I can afford to pay back I am NOT bragging or flexing here. My aim by staying this here is to document my BALLZ DEEP journey with you all as an educational…

Swiss Crypto Finance App Gains Nationally Recognized AML License

boss

Cryptocurrency-focused personal finance app Aximetria has gained a financial standards license recognized by Swiss regulators. In a press release provided to Cointelegraph July 29, Aximetria, which is based in the country, said the Swiss Financial Services Standards Association (VQF) license would allow it to function as a crypto intermediary and streamline its onboarding process. The VQF license is approved by Switzerland’s overarching finance regulator, the Financial Market Supervisory Authority (FINMA). An award means the holder carries out activities in compliance with the organization’s anti-money laundering (AML) and Know-your-Customer (KYC) rules. …

Head of a Crypto Escrow Company Is Indicted for $7 Million Fraud

boss

Federal authorities in the state of New York have unsealed fraud charges against Jon Barry Thompson, the principal of a purported cryptocurrency escrow company Volantis Escrow Platform, in the amount of over $7 million as stated in a press release released on July 25th by the U.S. Attorney’s Office. The complaint holds Thompson with commodities fraud and wire fraud charges as he is accused of taking over $3 million from one company and $4 million from another after making false statements about the risk involved in Bitcoin transactions through his…

Austrian State Printing House Has Made a Cryptocurrency Cold Wallet

boss

  Youniqx Identity AG, a subsidiary of the Austrian State Printing House, has developed a cryptocurrency hardware wallet, reveals a press release published on July 29. Per the report, the hardware wallet — named Chainlock — enables the offline storage of private keys allowing access to cryptocurrency wallets. The device is reportedly capable of generating the private key, and is also water and heat resistant. The wallet in question will be available via the firm’s partners, including Tokenize Exchange in Singapore and Coinfinity in Central Europe. The release further claims…

Bitcoin Price Dusts Off Sunday’s Flash Crash to Recover Near $9,500

boss

Overnight, the bitcoin price flash crashed to $9,100 across major crypto exchanges in the likes of Bitstamp and Coinbase, dropping by nearly seven percent against the U.S. dollar. The bitcoin price flash crashed to $9,100, recovered beyond $9,500 within minutes (source: coinmarketcap.com) The bitcoin price flash crashed to $9,100, recovered beyond $9,500 within minutes (source: coinmarketcap.com) Within minutes, however, the bitcoin price surged from $9,100 to over $9,500, rebounding beyond $9,700 at the day’s peak. Flash crash and quick recovery, what’s next for the bitcoin price? Throughout the past week,…

Bitcoin Price Dusts Off Sunday’s Flash Crash to Recover Near $9,500

boss

Overnight, the bitcoin price flash crashed to $9,100 across major crypto exchanges in the likes of Bitstamp and Coinbase, dropping by nearly seven percent against the U.S. dollar. The bitcoin price flash crashed to $9,100, recovered beyond $9,500 within minutes (source: coinmarketcap.com) The bitcoin price flash crashed to $9,100, recovered beyond $9,500 within minutes (source: coinmarketcap.com) Within minutes, however, the bitcoin price surged from $9,100 to over $9,500, rebounding beyond $9,700 at the day’s peak. Flash crash and quick recovery, what’s next for the bitcoin price? Throughout the past week,…

Bitcoin Eyeing Deep Downside Correction Below $7k: Analyst

boss

Bitcoin is one step away from testing $6,700 as support, according to prominent analyst DonAlt. The crypto trader on Monday measured the current bitcoin bias on a three-day timeframe, believing it gave better clarity about the cryptocurrency’s expected price behavior. He noted that bitcoin earlier broke out of a 3-D pennant structure – which also appears like a descending triangle pattern – to the downside. The cryptocurrency’s inability to reenter the range, as shown in the chart below, increased its probability to extend its downward trend. Bitcoin Price Eyes mid…

ICO selects first participants for data protection Sandbox

boss

The use of biometrics to speed up airport passenger journeys, innovations in crime prevention and technological advances in the health sector are among the first projects selected to take part in the ICO Sandbox. Other products and services which will be tested and scrutinised for compliance with data protection law will include innovations in housing, road traffic management, student welfare and tackling bias in artificial intelligence. The sandbox is a new ICO service which will support organisations which are developing innovative products and services using personal data with a clear…

$30M Fortnite Tourney Bodes Well For Future of Bitcoin & Crypto: Analyst

boss

Bitcoin and Fortnite don’t seem to be a match made in heaven. But, according to one prominent analyst and investor, the success of one will dramatically help the other. Related Reading: Bitcoin Weekly Close Nears as Bears Maintain Control; Will BTC Soon Drop Below $9,000? Fortnite Holds Massive Tourney The seeming Bitcoin- and crypto-curious Epic Games recently conducted one of the largest eSports events to-date. The Fortnite World Cup, sponsored by FIFA, saw tens of thousands descend on massive tennis arena, Arthur Ashe Stadium, to watch hundreds of gamers duke…