Day: October 6, 2019

Bitcoin History Part 18: The First Bitcoin Wallet

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Bitcoin users today are blessed with a panoply of feature-rich software and hardware wallets. When Bitcoin launched, however, there were no wallets. It took Satoshi Nakamoto to engineer the first desktop client, and his creation proved surprisingly resilient, serving the community faithfully for years. Also read: Bitcoin History Part 17: That Time Mt. Gox Destroyed 2,609 BTC When Bitcoin-Qt Was the Only Wallet in Town The first bitcoin wallet was a full client, which meant you had to download the entire blockchain history for it to synch. This wasn’t an…

Samsung Pay Teams Up With RippleNet Member Finablr

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Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users. Finablr announced the partnership on Oct. 3, claiming that the new feature “offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet.”  Furthermore, United States-based Samsung Pay’s clients reportedly can use their debit or credit cards to send money via the service. Tokenized credentials Per the…

Apple’s CEO Tim Cook Doesn’t Want Native Cryptocurrency (For Now)

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Apple’s chief executive officer Tim Cook was recently interviewed by Les Echos daily newspaper, on of France’s leading news outlets, where he made several remarks regarding whether the tech behemoth is planning to launch its native cryptocurrency. Most of his thoughts weighed in against Apple creating its own digital currency. Apple’s CEO affirmed that the company is not interested in launching an Apple cryptocurrency. He also added that companies shouldn’t be trying to gain power by establishing competing currencies. When Oliver Harmant, a journalist at Les Echos, asked Tim Cook…

Bitcoin Dips Below $8,000 as Altcoins See Mixed Movements

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Sunday, Oct. 6 — The top 20 cryptocurrencies are seeing mixed movements on the day while Bitcoin’s (BTC) price dips below the $8,000 mark by press time. Market visualization courtesy of Coin360 Bitcoin’s price is currently down by 1.83% on the day, trading at around $7,959, according to Coin360. Looking at its weekly chart, the coin is down by about 1.49%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by its market capitalization which currently stands at $18.84 billion. The second-largest altcoin,…

Bitcoin Dips Under $8,000 as Altcoins See Mixed Movements

boss

Sunday, Oct. 6 — The top 20 cryptocurrencies are seeing mixed movements on the day while Bitcoin’s (BTC) price dips under the $8,000 mark by press time. Market visualization courtesy of Coin360 Bitcoin’s price is currently down by 1.83% on the day, trading at around $7,959, according to Coin360. Looking at its weekly chart, the coin is down by about 1.49%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by its market capitalization which currently stands at $18.84 billion. The second-largest altcoin,…

If Bitcoin Was a Security, It Would ‘Raise Substantial Issues’

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The United States Securities and Exchange Commission (SEC) has yet again officially stated that Bitcoin (BTC) is not a security. In a letter to Cipher Technologies Bitcoin Fund dated Oct. 1 the SEC declined the investment company’s registration statement on the grounds (among others) that Bitcoin is not a security.  Per the letter, Cipher attempted to register an “investment company” under the Investment Company Act of 1940, implying that Bitcoin is a security. Not a security The SEC staff, on the other hand, has argued Cipher’s reasoning under the Howey…

State-Authorized Crypto Exchange Criptolago Rolls Out Crypto Cards in Venezuela

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Good news for crypto enthusiasts in Venezuela – both for investors and exchanges. The state-authorized crypto exchange, Criptolago, rolled out an equivalent of debit cards of crypto recently. The crypto debit card is designed to serve as an easy and efficient means of digital payment. Like the traditional debit card, the smart card will be used at any merchant with compatible point-of-sale (POS) systems. The smart card is linked to the users’ crypto wallets, making it possible to pay with cryptocurrecnies without stress. Once in your possession, you can easily…

Crypto Giant Bitfinex Vigorously Disputes ‘Meritless and Mercenary’ Lawsuit

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Cryptocurrency exchange Bitfinex announced on Saturday, Oct 5, that it expects to be prosecuted by an unknown party in a ‘meritless and mercenary lawsuit’. The Hong Kong-based exchange which has been embroiled in a number of controversies apparently got wind of a damning report and is looking to quell any negative press ahead of its publishing. “Bitfinex is aware of an unpublished and non-peer reviewed paper falsely positing that Tether issuances are responsible for manipulating the cryptocurrency market. Bitfinex vigorously disputes the findings and conclusions claimed by that source, which…

South Korea Is Hoping for Regulatory Clarity as Crypto Laws Toughen

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South Korean regulators seems to strongly favor blockchain over cryptocurrencies, and some recent events have further proven this hypothesis. As a result, as much as 97% of local digital assets exchanges are in danger of extinction, local reports suggest.  Meanwhile, local politicians and regulators have started lobbying a new set of regulations, which could finally bring some clarity into this complex but crucial cryptocurrency market. So, how likely are they to succeed, and what are the main obstacles? With the opening of Korean headquarters in Seoul, Cointelegraph looks deeper into…

Top US Fed Reserve Executive: We Shouldn’t Lead a Launch of National Digital Currency

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The president of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Wednesday that the U.S. shouldn’t be the first nation to launch its digital currency payment system and lead the pack of other central banks issuing state-sponsored cryptocurrency. Harker further said that the trend of the central banks around the world planning to launch their own digital currencies has already started and it is inevitable that the Federal Reserve follows the same, but the U.S. does not need to be the first to get its hand on a…