Day: August 23, 2019

Blockchain Wallet Adds Support for Crypto Payments Processor BitPay

boss

Crypto wallet service Blockchain Wallet has integrated cryptocurrency payment processor BitPay. Payments conducted through Blockchain Wallet Blockchain announced the news on Aug. 23, stating that it now allows its users to copy or scan invoices, allowing them to make a Bitcoin (BTC) payment entirely through its wallet app.  The new functionality reportedly allows users to purchase products and services available via BitPay’s online network while retaining ownership of their private keys through Blockchain Wallet.  BitPay is one of the largest crypto payments processors and is offered in a multitude of…

House Financial Services Committee Will Continue Libra Review

boss

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. A priority for autumn 2019 Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to receive the testimony and opinions from governmental officials and regulators.  Specifically, Waters lists Treasury Secretary Mnuchin, Consumer Financial Protection Bureau Director Kraninger, Federal Housing Finance Agency Director Calabria and Federal Reserve Vice Chairman Quarles. Waters…

Bithumb Exchange to Launch Cryptocurrency Listing Committee

boss

South Korean crypto exchange Bithumb will launch a new committee in September that will determine which cryptocurrencies can be traded on its platform. A monthly check by experts South Korean news daily Yonhap News reported the formation of Bithumb’s new committee on Aug. 22. The committee, entitled the Listing Eligibility Deliberation Committee, will review the exchange’s listings once a month, per the report.  The committee will reportedly take into consideration daily trading volume, change in base market capitalization and project support among other factors. Cryptocurrencies that fail to meet the…

Libra-Like Currency Could Replace US Dollar

boss

Mark Carney, the Governor of the Bank of England, has suggested a transformation of the global financial system by replacing the United States dollar with a digital currency similar Facebook’s Libra. Delivering his speech at the U.S. Federal Reserve’s annual symposium in Jackson Hole, Wyoming, Carney said that a Libra-like digital currency could replace the U.S. dollar as the world’s reserve currency, Bloomberg reported on Aug. 23. Carney said that replacing the dollar with a digital currency would be a better option than allowing its reserve status to be replaced…

Research Suggests Tether Sentiment Could Provide Chance for Manipulation

boss

New research from Augmento suggests a forward correlation between Tether sentiment, market capitalization and price, which could be manipulated or exploited to create arbitrage opportunities.  It hypothesizes that Tether sentiment could therefore provide a signal for traders in a blog post published Aug. 22. Sentiment correlation with market cap Augmento notes that Tether sentiment does not appear normal. Comparing positive and negative sentiment shows that negative sentiment dominates, with extreme spikes of intense discussion when news breaks, before dropping quickly away. When considering this alongside changes in market cap and…

Investors Consider Cutting Ties with Facebook’s Libra Amid Regulatory Scrutiny

boss

At least three investors in Facebook’s Libra cryptocurrency are considering disassociating with the currency following intense regulatory pushback. According to a report published in the Financial Times on Friday, some backers are fearful that the spotlight placed on the social media giant’s proposed cryptocurrency will also bring their own separate, independent businesses into disrepute. Two founding partners have allegedly held discussions with regard to what the “right next steps” should be for their investment. “I think it’s going to be difficult for partners who want to be seen as in compliance [with their…

Investors Consider Cutting Ties with Facebook’s Libra Amid Regulatory Scrutiny

boss

At least three investors in Facebook’s Libra cryptocurrency are considering disassociating with the currency following intense regulatory pushback. According to a report published in the Financial Times on Friday, some backers are fearful that the spotlight placed on the social media giant’s proposed cryptocurrency will also bring their own separate, independent businesses into disrepute. Two founding partners have allegedly held discussions with regard to what the “right next steps” should be for their investment. “I think it’s going to be difficult for partners who want to be seen as in compliance [with their…

Gran West Agreed to Comply with Judge to Reimburse £900,000 worth of Bitcoin to his victims

boss

According to news published by The Guardian on August 23, 2019, cybercriminal Gran West has agreed to collaborate with justice to reimburse the victims of his crimes. The amount to be paid as a way of compensation to the losers equals to £915,305.77 pounds.  Spontaneous Collaboration Gran West, the 27-year old hacker behind more than 100 cyberattacks to companies, including supermarkets, gambling shops, and cellphone companies between July and December 2015 was subject to a confiscation order under the Proceeds of Crime Act at Southwark Crown Court on Friday, August…

Australian Hacker Pleads Guilty to Stealing $450,000 in XRP Last Year

boss

Australian citizen Katherine Nguyen has pleaded guilty to stealing $450,000 in XRP — over 100,000 tokens — in January 2018. Local news channel 7News Sydney reported the latest about the case on Aug. 23. According to the report, Nguyen hacked into the email account of a man with the same last name. She then proceeded to steal all of his XRP, before unlocking his account two days later. Police reportedly investigated the theft for 10 months before locating and arresting her. Nguyen has since pleaded guilty to the theft, for…

Crypto Exchange OKEx Pounds the Table on 34% Bitcoin Price Surge

boss

Crypto exchange OKEx believes the bitcoin price will surge 34% to $14,000 this year, thanks to a little help from the Federal Reserve. | Source: Shutterstock By CCN Markets: Crypto exchange OKEx isn’t concerned that the bitcoin price appears to have hit a wall just above the $10,000 mark. In fact, the industry giant believes BTC will surge another 34% to $14,000 before the end of the year, thanks to a helping hand from the US Federal Reserve. #Fed is expected to signal a further rate cut at today’s Jackson…