Day: September 18, 2019

Nigerian Crypto Educator Returns $80K in Bitcoin Received by Mistake

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Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet. Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12: “I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..  thank you. Kindly…

Multinational German Bank Deutsche Joins JPMorgan’s Blockchain Payment Network

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The multinational German investment bank, Deutsche Bank, is joining JPMorgan’s blockchain-powered cross-border payment messaging system, also known as Interbank Information Network (IIN). The aim of JPMorgan’s growing blockchain network is to counter the inefficiencies of the SWIFT payment system. SWIFT payments are cross-border transactions that are sent via SWIFT international payment network. It is one of the largest financial messaging systems in the world, which consists of 11,000 banks. IIN aims to provide a seamless way for all the involved parties to send and track their transactions. Since manual interventions…

CBoE Withdraws Application for VanEck SolidX Bitcoin ETF

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The Bitcoin ETF saga has taken another dramatic turn as the VanEck SolidX ETF proposal was withdrawn by CBoE. The SEC informed the public in a filing, September 17, 2019, just a month before they were to come to a decision about the ETF. If the SEC finds the ETF to have merit, Bitwise and Wilshire Phoenix will be the only two ETFs that launch. Behind the Surprise Withdrawal Nobody would’ve expected that the cause VanEck has been fighting for over the last year would suddenly be abandoned by the…

Dirwy a hysbysiad gorfodi i Superior Style Home Improvements

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Mae Swyddfa’r Comisiynydd Gwybodaeth (ICO) wedi rhoi dirwy o £150,000 i gwmni ffenestri dwbl o Abertawe am wneud galwadau niwsans. Dros gyfnod o 11 mis, bu Superior Style Home Improvements Ltd yn galw pobl oedd wedi cofrestru eu rhifau gyda’r Gwasanaeth Dewisiadau Ffôn (TPS) ac a oedd heb roi eu caniatâd i gael y galwadau. Mae’r ICO hefyd wedi rhoi Hysbysiad Gorfodi i’w rhybuddio i roi’r gorau i wneud y galwadau. Dywedodd Dave Clancy, o dîm ymchwilio’r ICO: ”Dylai cwmnïau sy’n ymwneud â’r gweithgarwch anghyfreithlon yma gymryd sylw: byddwn ni’n…

CBOE BZX Exchange Withdraws the Bitcoin ETF Filed by VanEck/SolidX

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The VanEck Solid Bitcoin Trust decided to withdraw its Bitcoin ETF proposal filed earlier this year on January 30, 2019. The withdrawal comes just a month before SEC’s final deadline of the verdict. The Chicago Board Options Exchange’s (CBOE) BZX Exchange has withdrawn the proposed rule change in the Bitcoin ETF proposal issued by the VanEck/SolidX Bitcoin Trust. The SEC notice on Tuesday, September 17 states that CBOE decided to withdraw its proposal last week on September 13. The VanEck SolidX Trust filed for the Bitcoin exchange-traded-fund (ETF) with the…

The US Quietly Printed $75 Billion out of Thin Air (For the Banks). This Is Why Bitcoin Matters – CCN.com

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The Federal Reserve Bank of New York very quietly handed out $75 billion in cash to the banks on Wednesday in a process known as a ‘repurchase operation,’ or repo.  This emergency measure hasn’t been used at scale for a decade, since the last financial crisis. It’s a reminder of the central banks’ power to artificially expand the money supply and devalue your money. This is why bitcoin, with its capped supply and strict, predictable output, matters. What is the repo operation? In simple terms, the central bank prints $75…

32% of Europeans Believe Crypto Is the Future of E-Payments

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Most Europeans believe cryptocurrencies can be spent in most stores, according to the results of a survey conducted by ING Bank and published on Sept. 18. Crypto can be spent in most stores? The survey, which has seen 15,000 Europeans from 15 different countries answer questions about crypto, revealed that 51% of the respondents believe cryptocurrencies can be spent in most stores.  Cryptocurrency, of course, is not accepted at most stores unless you are in a “Bitcoin city” like Arnhem, the Netherlands, for example, or somewhere in Japan. Crypto-friendly store…

Bitcoin Price Remains Stalled While ETH and XRP Lead the Rise

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The altcoin markets just woke up suddenly with Ethereum and XRP leading the way adding 7% and 16% correspondingly. Despite Bitcoin price makes no major movements, this may mean that the market is starting to mature. Out of the blue, the crypto space seems to have come alive after weeks of sideways trading and little movement to indicate a specific direction of the cryptocurrency markets. Altcoins have come alive with Ethereum and XRP leading the charge this time, while Bitcoin sits still. Within the last twelve hours, Ethereum (ETH)has risen…

German Gov’t Approves New Plan to Block Private ‘Parallel Currencies’

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Germany’s government has approved a blockchain strategy that aims to prevent stablecoins from becoming alternative currencies and threatening state sovereignty. Reuters reported on Sept. 18 that Chancellor Angela Merkel’s cabinet passed the strategy earlier today, in an apparent bid to mitigate the risks posed by the forthcoming Libra cryptocurrency from social media giant Facebook. We will not leave currency issuance “to private companies” Reuters cites Finance Minister Olaf Scholz as saying that while the government wishes to further strengthen Germany as a leading technology location and foster blockchain innovation as…

Crypto Exchange OKEx Korea Ceases to Support 5 Cryptocurrencies

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OKEx Korea, an international cryptocurrency exchange, notified in a statement originally made on 10th September that it will cease to support five cryptocurrencies; Monero (XMR), DASH, Zcash (ZEC), Horizon (ZEN) and Super Bitcoin (SBTC). The company will end transaction support on October 10th and the end of withdrawal facility two months later, on 10th December. In the statement made, OKEx Korea claimed that the reason for the termination of support was because the following five cryptocurrencies breach the conditions set forth by the Financial Action Task Force (FATF) by infringing…