Day: August 2, 2019

Buying Crypto With The Apple Card Violates Its Customer Agreement

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According to the Apple Card Customer agreement, users will not be permitted to buy cryptocurrencies using the company’s upcoming credit card service. Goldman Sachs published the agreement on July 2, according to a report by Reuters on the same day. As per the report, American tech giant Apple is releasing the Apple Card in partnership with investment banking company Goldman Sachs as part of a broader business plan to bring in more revenue through service offerings.  According to the card’s customer agreement, cryptocurrency purchases fall under the heading of cash…

The Modern Era of Free Range Slaves: How Bitcoin Breaks the Mold

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In a string of recent Tweets, 2020 Libertarian presidential candidate and fugitive from the law John McAfee has been talking about slavery. Urging people to “wake up” and assuring them that neither compliance with the status quo, nor stacks of riches, can set them free. Indeed, when the current state of the world is examined closely under an economic lens, there is no other rational conclusion save that humanity currently inhabits a gigantic, fiat money plantation, and that the slaveholders are violent and irrevocably unreasonable. Also Read: Bitcoin Cash 2-Year…

Price Analysis 02/08: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, ADA

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Bitcoin is looking strong. Can it start a rally? What are the target levels to watch out for? Let’s analyze the charts. 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. Market data is provided by the HitBTC exchange. Fundstrat Global Advisors co-founder Tom Lee expects Bitcoin to reach $20,000 this year. He believes that increased liquidity due to the Fed’s rate…

Buying Crypto on Credit Not Necessarily a Cash Advance

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Southern District of New York Judge Katherine Polk Failla has ruled that purchasing cryptocurrency with a Chase Bank credit card does not necessarily count as a cash advance, as per Chase’s contract. According to an opinion and order document dated August 1, Judge Failla has denied Chase’s motion to dismiss a number of the plaintiff’s complaints, which center on the bank charging a user cash advance fees for buying cryptocurrency with a Chase credit card. The plaintiffs are Brady Tucker, Ryan Hilton, and Stanton Smith, who have brought a class…

SEC Commissioner Advocates for Regulators to Take a Dynamic Approach to Crypto Markets

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As a deluge of regulatory measures looms on the horizon of the nascent crypto markets, many analysts and investors alike have been quick to plead with regulators to not regulate the markets with the stroke of a broad brush, and to rather take a case-by-case approach. Now, one pro-crypto SEC Commissioner is echoing these requests, and noted in a recent speech that she believes a dynamic approach to the crypto markets will be most effective and will stop the U.S. from falling behind other countries when it comes to regulating…

Elliptic Launches Data Set to Identify Crypto Money Laundering

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Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML). The development was announced in a press release shared with Cointelegraph on Aug. 2. Making the crypto world more transparent Having developed a data set of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion,  Elliptic claims it to be the largest set of labeled transaction data publicly available in any digital currency in the world. According to the announcement, the product is designed to help users more…

Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

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Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said: “I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for…

“Golden” Bullish Bitcoin Price Signal: Are 5000% BTC Gains Ahead?

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While 2018 was most certainly a bear market for Bitcoin and crypto assets, 2019 has been mostly a bull market or at least the beginning stages of one. The latest in the growing list of signs the leading crypto asset by market cap is building a bullish foundation and will rise to new all-time highs, is a “golden cross” on three-day Bitcoin price charts. The last time this occurred, was in February 2016, and from there, Bitcoin went on to bring investors a 4,900% return on investment. Could the same…

Grayscale Investments to Make Biggest Transfer in Crypto History

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According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will mark the largest single-day transfer of cryptocurrency assets ever. Grayscale Transfers Billions in Cryptocurrency New York-based Grayscale has announced that Coinbase Custody will serve as custodian on the $3 billion-worth of underlying assets. The entire…

Crypto to Become Part of ‘Global Populist Revolt’

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Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, expressed his admiration for Bitcoin (BTC), seeing it as part of a “global populist revolt,” in an interview with CNBC’s Squawk Box on Aug. 2. “Global populist revolt” Bannon argued that the leading digital currency Bitcoin could be a very important part in “this global populist revolt,” with cryptocurrencies having a big future. Bannon thus reiterated words from his lecture in Zurich this spring, when he stated that cryptocurrencies and blockchain will “empower [the…