Day: August 2, 2019

How China And The Fed Are Boosting Bitcoin And Sinking Trump

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US president Donald Trump thinks he’s being smart but it could be that China ends up denting his re-election prospects and boosting bitcoin. The US Federal Reserve not playing ball doesn’t help either – and the more he pushes the harder he makes it for Jay Powell to maintain his institutions independent standing – or at any rate its perceived independence. All of this could be good news for bitcoin and crypto more generally. Bitcoin has again pushed past $10,000, just when the balance of analyst opinion was predicting a…

Why Has LedgerX’ Physical Bitcoin Futures Platform Not Launched?

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LedgerX has not yet launched the first physically settled Bitcoin Futures trading platform after the 180-day probation period with CFTC stating that lack of a decision does not constitute an approval. On August 1, 2019, Ryan Gorman, LedgerX press representative, said that he will no longer represent the company effective immediately. He cited ‘concerns‘about the events of the past 24 hours. In a Thursday afternoon twitter tirade, the CEO of LedgerX, Paul Chou, stated that the CFTC asked the company to censor all its tweets. He threatened to sue the…

Square Q2 Report: Cash App Bitcoin Sales Records $125 Million Doubling Q1 Sales

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Square has just published its quarterly report for the second quarter of 2019. The report shows that the company generated $125 million in Bitcoin sales through its Cash App. The Square financial services and payment company has just announced its second-quarter report for 2019. According to the report, Square’s Cash App pulled in $125 million in revenue from Bitcoin sales alone. The report, dated August 1, details all of Square’s activity for the second quarter, specifically mentioning that Cash App pulled in the $125 million figure from Bitcoin alone, making…

Crypto Exchange CEX.IO Expands US Service to Cover 31 States

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Cryptocurrency exchange CEX.io now operates in 31 U.S. states and the District of Columbia. Since launching a U.S. office early in July, the London, U.K.-based firm says its compliance team has been working with regulators to satisfy the required checks and audits and be granted money transmitter licenses in the new states. Following that effort, the company says it’s been granted seven new licenses, bringing its total to 15, including Alaska, Florida, Georgia, Iowa, Kansas, Maryland, New Hampshire, New Jersey, New Mexico, Oklahoma, Oregon, Rhode Island, South Dakota, Vermont, and West Virginia.…

Stefan Rust Appointed New Chief Executive Officer of Bitcoin.com

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Stefan Rust has been appointed as the new chief executive officer of Bitcoin.com. As CEO he will work alongside Roger Ver as the company continues to develop new products and services that promote peer to peer electronic cash and increased economic freedom around the world. Also Read: Pre-Register for Bitcoin.com’s New Crypto Exchange to Win Bitcoin Cash Prizes Bitcoin.com Welcomes New CEO Bitcoin.com has announced the appointment of Stefan Rust as the new chief executive officer of the company. He joined the team six months ago as the Global Head…

Twitter, Square Founder Jack Dorsey Says ‘We Love You Bitcoin’

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Jack Dorsey — founder of social media giant Twitter and Bitcoin (BTC)-supporting payments provider Square — has said: “we love you Bitcoin.” During an earnings call devoted to Square’s Q2 2019 results, Dorsey recognized the eye-popping impact that introducing Bitcoin support had on the company’s Cash App revenue.  ‘Delivering on economic empowerment’ In his remarks, Dorsey noted that the Cash App ecosystem continued to grow, generating $135 million in revenue — excluding Bitcoin.  As reported just yesterday, Square’s latest shareholder letter has revealed that Cash App had raised $135 million…

Macro Factors Creating ‘Perfect Storm’ to Drive Up Bitcoin Price: Report

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Digital asset research firm Delphi Digital says that the macroeconomic landscape is creating the “perfect storm” to ignite Bitcoin price appreciation. Monetary easing, crypto peaking In a fresh report cited by Forbes on August 1, the researchers isolate the dovish turn in global central banking policy as the stand-out factor likely to propel Bitcoin’s price skywards: “First, and arguably most important, sentiment from global central banks took a drastic turn towards more dovish monetary policies. The Fed, ECB, BOJ, PBOC, and many others are now preparing market participants for more…

ICO fines boiler replacement company for thousands of nuisance calls made to TPS subscribers

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Making it Easy Ltd has been fined £160,000 by the Information Commissioner’s Office (ICO) for making spam calls to people registered with the Telephone Preference Service (TPS). The ICO has also issued an enforcement notice to Making it Easy Ltd ordering it to stop its illegal marketing activity. The Clydebank-based boiler replacement firm made more than one million marketing calls between May 2018 and December 2018, with 853,769 of those calls being made to people registered with the TPS. That means that 80% of all marketing calls made by the…

Walmart is Trying to Patent Its Own ‘Libra’ Like Digital Currency

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A new patent filing suggests that United States retail giant Walmart may be developing its own U.S. dollar-backed digital currency similar to Facebook’s Libra cryptocurrency.  Walmart filed patent for “Digital Currency via Blockchain” Patent filing number 20190236564, “System and Method for Digital Currency via Blockchain,” was published by the U.S. Patent and Trademark Office (USPTO) on Aug. 1. The document outlines a method for: “Generating one digital currency unit by tying the one digital currency unit to a regular currency; storing information of the one digital currency unit into a…

Coders Are Trying to Connect Bitcoin’s Lightning Network to Ethereum

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While bitcoin and ethereum enthusiasts might not always get along, one enterprising gaming startup is attempting to bring the two cryptocurrencies closer together. Blockade Games announced on July 31 that it has successfully bridged the two networks by sending a bitcoin lightning transaction in such a way that it can cause an ethereum smart contract to run. The company has run its code on the Rinkeby testnet and plans to deploy it on mainnet (using real ether) in the next couple of weeks, Blockade Gaems CTO Ben Heidorn told CoinDesk. All…