Day: October 7, 2019

Major South Korean Store Chain Supports Blockchain Payments App

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Mobile payments app Chai is launching mobile blockchain-based payments at 13,500 CU convenience stores in South Korea. According to an Oct. 7 news release shared with Cointelegraph by blockchain startup Terra, Chai — which operates on the Terra blockchain — will now be accepted as a means of payment at the major convenience store chain. App support will be added at CU by the end of 2019 following a partnership between Chai and convenience store operator BGF Retail, which owns the stores in question. Per the release, Chai will also offer…

Sacramento Kings Launches Blockchain Token for Its Predictive Gaming App

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The Sacramento Kings NBA basketball team is launching a blockchain-powered rewards program within its gaming app. Partnership with Blockparty The Sacramento Kings partnered with New Jersey-based blockchain ticketing platform Blockparty to add blockchain-based rewards to its prediction game Call the Shot, the team officially announced on Oct. 7. According to the announcement, the new program will be available in the upcoming 2019–2020 season. During the season, Blockparty will be tracking Kings fans’ activity while they are betting on Call the Shot and accumulate points in a virtual wallet within each…

Tim Cook Talks Cryptocurrencies | It’s a No for Tech Behemoth

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Three months ago, Facebook (NASDAQ:FB) disclosed plans to roll out a cryptocurrency in the summer of 2020. Such news has made several headlines, with the latest being negative, as PayPal (NASDAQ:PYPL) might pull out of Facebook’s project. Even worse for the technology behemoth is that Apple (NASDAQ:AAPL), another tech giant, has expressed zero desire in following in the company’s footsteps, according to Tim Cook. Which brings forth the question: is it correct for Facebook to involve itself with virtual currencies? Here’s what we know about Apple’s latest comments. Tim Cook Talks…

Tim Cook Talks Cryptocurrencies | It’s a No for Tech Behemoth

boss

Three months ago, Facebook (NASDAQ:FB) disclosed plans to roll out a cryptocurrency in the summer of 2020. Such news has made several headlines, with the latest being negative, as PayPal (NASDAQ:PYPL) might pull out of Facebook’s project. Even worse for the technology behemoth is that Apple (NASDAQ:AAPL), another tech giant, has expressed zero desire in following in the company’s footsteps, according to Tim Cook. Which brings forth the question: is it correct for Facebook to involve itself with virtual currencies? Here’s what we know about Apple’s latest comments. Tim Cook Talks…

Major Exchanges Urge UK Regulator to Not Restrict Crypto Derivatives

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The World Federation of Exchanges (WFE), a global trade association of publicly-regulated exchanges, has appealed to the United Kingdom’s Financial Conduct Authority (FCA) to not restrict cryptocurrency derivatives for retail investors. The WFE made a statement on Oct. 7 in response to the British financial regulator’s consultation paper on a potential ban on crypto derivatives such as Bitcoin (BTC) futures and other crypto-related trading products, initially announced in July. The WFE proposed that the FCA develop proper consumer protection instead. Recommendations to build proper regulations The WFE accompanied its response…

Class Action Accuses Tether and Bitfinex of Market Manipulation

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A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and its affiliate crypto exchange Bitfinex have been involved in defrauding investors, manipulating markets and concealing illicit proceeds, the firm’s founding partner Kyle Roche tweeted on Oct. 7. In the tweet, Roche accused Tether and Bitfinex of creating the “largest bubble in history.” Filed on Oct. 6, the complaint document states that Bitfinex and Tether primarily…

Crypto Traders’ Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion

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A new lawsuit claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market, harming traders and benefiting themselves. Bitfinex and a number of affiliated entities engaged in deceptive, anti-competitive and market manipulative practices, resulting in economic damages for the plaintiffs, according to a class action lawsuit filed Sunday in New York. Notably, the plaintiffs claim that the total damages add up to more than $1 trillion, writing: “Calculating damages at this stage is premature, but there is little doubt that the scale of harm wrought by the…

Crypto Traders’ Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion

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A new lawsuit claims crypto exchange Bitfinex and its sister company Tether manipulated the crypto market, harming traders and benefiting themselves. Bitfinex and a number of affiliated entities engaged in deceptive, anti-competitive and market manipulative practices, resulting in economic damages for the plaintiffs, according to a class action lawsuit filed Sunday in New York. Notably, the plaintiffs claim that the total damages add up to more than $1 trillion, writing: “Calculating damages at this stage is premature, but there is little doubt that the scale of harm wrought by the…

Bitcoin Price Technical Analysis (October 7): Bullish But Currently Stuck

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When looking at the chart below we can see that Bitcoin(BTC)trade is currently trading at $8,168. Although an uptrend is supposedly seen, when looking closely we can recognize that the price is still between the channels and has failed to break the resistance of $8,255. So it is suggested not to take long positions at this price as it is currently around the resistance level. It is expected that the price will be traded between the channels for some time. The current resistance is at $8,255 and support is at…

Ripple Hosts Blockchain Research Event at University of California

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On Oct. 3 and 4, Ripple hosted a gathering of 200 developers, researchers and graduate students at the University of California, Berkeley campus for its first annual University Blockchain Research Initiative conference. Known as UBRI Connect 2019, this is Ripple’s major academic conference focused on blockchain and digital assets from a multidisciplinary perspective, hosted in partnership with Berkeley.  The event welcomed over 40 schools from 14 different countries to discuss blockchain and crypto across business, law and engineering. UBRI Connect also provided the opportunity for Ripple’s developer platform for payments,…