Day: November 1, 2019

CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

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Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets. On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources familiar with the matter.  CEO loses access to 33 Bitcoins The story of the lost password follows reports that financial regulators at the Reserve Bank of…

Coinbase Data Shows That Bitcoin Has Outperformed S&P 500 Since 2013

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According to a new report by United States-based cryptocurrency exchange and wallet service Coinbase, Bitcoin (BTC) continues to outperform the world’s most popular stock indexes. Coinbase published its latest report on the day that the Bitcoin whitepaper turned 11 years old, claiming that BTC has outperformed tech stocks and the S&P 500 since 2013, saying: “While Bitcoin’s price fluctuates, it’s trending up and to the right following many bull runs. This year, Bitcoin has also outperformed world stock market indexes.” Bitcoin generated 132% return this year alone Coinbase points out…

Telegram Releases Test Gram Wallet Despite Pending SEC Suit

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Telegram has released a test version of its desktop wallet for its own digital coin, known as Grams, despite an injunction from the SEC preventing the launch of its planned blockchain, Telegram Open Network (TON). Users can download the desktop app on Windows, macOS, and Linux 64 bit from Telegram’s official website. The app greets users with the message, “Now you have a wallet only you control – directly, without middlemen or bankers.” Users can also engage in test transactions with Grams distributed by a special Telegram bot; however, it warns that these…

Price Analysis 01/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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The crypto market has pulled back but traders might view the current dip as a buying opportunity as long as critical support levels are not violated. A Bloomberg report, analyzing data from 13 top exchanges, shows that within a very short span of time, Bitcoin (BTC) futures trading volume has grown to about 50% of spot trading volume. This is the sign of a maturing asset class. Successful operation of the futures market may provide regulators with the  confidence they need as many are concerned that a few entities can…

Belgian Regulator Blacklists Another 9 Crypto Websites Suspected of Fraud

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Belgium’s Financial Services and Markets Authority (FSMA) has made an additional update to its blacklist of cryptocurrency-related websites associated with fraud. On Oct. 29, Belgium’s financial watchdog updated its list of cryptocurrency trading platforms for which it has detected indications of fraud, by adding nine new suspect sites, bringing the total of suspected crypto scams to 131. The financial authority said that it continued to receive new complaints from consumers who made crypto investments on those trading platforms, adding that cryptocurrency fraud continues to find new victims in Belgium, despite…

21 Crypto Exchanges Ask for License From Malta’s Financial Watchdog

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The Malta Financial Services Authority (MFSA) has received queries from 21 cryptocurrency exchanges seeking licensure under the Virtual Financial Assets (VFA) Act. 21 firms out of 34 potential VFA providers are crypto exchanges According to an official announcement on Nov. 1, the 21 exchanges are among the 34 prospective VFA service providers that sent their letters of intent to the Maltese financial regulator in order to acquire a VFA Services Licence. The MFSA clarified that, until Oct. 31, crypto providers have been operating under the transitory provisions specified in Article…

Binance CEO Changpeng Zhao to Speak at Turkish Summit Alongside Gov’t Bigwigs

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Changpeng Zhao, CEO of major cryptocurrency exchange Binance, will be speaking at the Turkish Capital Markets Summit 2019. On Nov. 1, Cointelegraph Turkish reported that Zhao, also known as CZ within the crypto community, will be going to Turkey to attend and speak at the Capital Market Summit, which will be held in Istanbul from Nov. 19–20, 2019. The event also includes members of Turkey’s presidential administration. Dr. Ali Taha Koç, the Head of the Digital Transformation Office of the Presidency of the Republic of Turkey and Arda Ermut, the…

Research: Bitcoin is the Third Most Used Payment Method in Italy

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Bitcoin adoption in Italy, one of Europe’s largest economies is steadily on the increase, as a new research report released on October 28, 2019, by SEMrush, a software-as-a-service (SaaS) platform for online visibility management, has revealed that bitcoin (BTC) the world’s number one distributed ledger technology (DLT) based virtual currency is now the third most used payment method in the nation. Italians Love Bitcoin  Despite the super volatile nature of Satoshi Nakamoto’s Bitcoin (BTC) and the lack of regulatory clarity that still plagues the global cryptospace, Italians still prefer paying…

French Ministry of Education Publishes Bitcoin Resource Guide for Educators

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As digital currencies transform the world, concepts like Bitcoin continue to percolate into academic courses and higher education worldwide. The French Ministry of National Education’s recently published economics and social sciences resource guide for teachers discusses cryptographic money like Bitcoin. Also Read: ECB President: ’We Should Be Happier to Have a Job Than to Have Our Savings Protected’ A Bitcoin Resource Guide for Economics and Social Sciences Teachers in France Economics and social sciences teachers from France may opt to teach students about cryptocurrencies in the near future. The French…

Telegram’s Grams Wallet Is Available on GitHub in Test Mode

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Telegram’s crypto wallet Grams Wallet is now available for MacOS, Windows and Ubuntu in testing mode, with the source code published on GitHub. Grams Wallet users can get test tokens Users can now download the test wallet client from its website, create an address and receive private keys as well as request and test Gram tokens in the app via a special Telegram bot called TestTonBot. Specifically, TestTonBot invites users to test out the service by requesting 5 to 20 tokens to the generated crypto address on the app. After…