Day: November 3, 2019

Argentina’s Central Bank Forbids Acquiring Cryptocurrency with Credit Cards

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In order to curb the fast depleting foreign reserve in Argentina, the Central Bank of the Argentine Republic has placed a stringent restriction on the amount of Bitcoin(BTC)trade and US dollar its citizens can purchase, and limited the means with which people could make such purchases. Argentina’s economy may have hit rock bottom already. The Argentinian government made several almost desperate moves recently, turning to its last resorts as the country’s foreign reserve continues to dwindle by the day. So far, the government of Argentina has experienced over 20 billion…

Mark Carney & UN – Eco Crypto Like XRP to Avoid Global Meltdown

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BOE chief Mark Carney is no stranger to digital assets and has now been calling for the dollar to be replaced by a ‘Green cryptocurrency’. Of course, we are biased but anyone who knows just a little about digital assets knows XRP is the greenest crypto in terms of energy consumption. The dollar’s influence on global financial conditions could similarly decline if a financial architecture developed around the new digital currency & it displaced the dollar’s dominance in credit markets. By reducing the influence of the US on the global…

Bitcoin Price Dips Below $9,200 After Rejection by $9,500 Resistance

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Bitcoin (BTC) dropped below $9,200 on Nov. 3 after a fresh attempt to crack resistance above $9,500 ended in rejection. Cryptocurrency market daily overview. Source: Coin360 Bitcoin stays in low $9K corridor Data from Coin360 showed BTC/USD continuing its ranging behavior with $9,000 as support on Sunday. At press time, the pair traded around $9,120, having fallen around 2% in the past 24 hours. On Friday, the situation looked more bullish. After languishing near the bottom of its range, Bitcoin managed a run-up to $9,380 during Saturday before abandoning its…

Are Stablecoin Futures Built to Last?

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OKEx, the world’s fifth-largest crypto exchange, announced on Oct. 29 plans to launch Tether (USDT) futures trading, featuring a linear contract with leverage of up to 100x. Stablecoin futures, the exchange said, offer a simpler and more efficient means to navigate the market, and could open the door for many new retail traders. Related: Bitfinex Cries Fraud as Crypto Capital Executive Indicted by US This news prompted a few murmurs. Stablecoin provider Tether, after all, has been the subject of some unsettling news stories, as Cointelegraph recently reported. Is USDT…

Zimbabwean CEO Supposedly Loses Private Key to Crypto Exchange’s Wallet

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Tawanda Kembo, the founder and CEO of the Zimbabwe-based crypto exchange Golix, is claiming that he has lost the private key to his company’s digital wallet. As a result, the customers of the cryptocurrency exchange are unable to access their funds. The timing of the announcement hints at a sinister motive. Over the past few months, Kembo and his company have been embroiled in a legal battle against the Reserve Bank of Zimbabwe (RBZ), who had ordered Golix to shutdown its services after the company was found violating the regulatory…

Bitcoin Price Will See $16,000 ‘Soon-Ish,’ Predicts Binance CEO CZ

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Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, says a price of $16,000 per Bitcoin will happen “soon-ish,” in a tweet sent on Nov. 1. Zhao explains that price predictions are easy, but getting the timing right is hard.  He said: “Lol, price predictions are easy. It’s just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.” The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous…

Binance Bitcoin Futures ‘Attack’ Sees FTX Exchange Face $150M Lawsuit

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Cryptocurrency derivatives exchange FTX has received a $150 million lawsuit for market manipulation and selling unlicensed securities in the United States. Uploaded to social media by End of the Chain podcast host Samuel McCulloch on Nov. 3, sections of the lawsuit document show FTX accused of “attacking” fellow exchange Binance. Lawsuit: FTX had “manipulative and deceptive scheme” The plaintiff, a mysterious entity known as Bitcoin Manipulation Abatement LLC, is demanding $150 million in exemplary and punitive damages. According to the plaintiff’s lawyers, FTX used accounts to manipulate Binance’s recently-launched Bitcoin…

Craig Wright Says He Has No Funds for Settlement in Kleiman Case

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The latest court documents in the David Kleinman versus Craig Wright case filed on Nov. 1 reveal that Wright — the self-proclaimed Bitcoin (BTC) creator Satoshi Nakamoto — informed the plaintiff that he could not finance a 500,000 BTC ($4.5 billion) settlement. Given that the case was apparently reaching a resolution with the agreement, the plaintiff stopped active litigation and focused on settlement, joining Wright’s requests to extend the deadline into late October. Then Wright allegedly broke the settlement agreement: “On October 30, without any advance notice, Plaintiffs were informed…

Crypto Exchange BitMEX Accidentally Revealed User Information in Massive Email Leak

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BitMEX, a Bitcoin mercantile exchange that also happens to be one of the largest crypto derivatives markets, might have exposed their entire userbase by forgetting to use the blind carbon copy (bcc) option in the header when sending an email to its customers about a recent update in its services. The bcc option ensures that one recipient cannot know who the other recipients are. Instead of using this safe option, plain carbon copy option was accidentally chosen to send the email. This means that BitMEX has dumped their entire user…

France Leads Anti-Libra Coalition to Block Facebook’s Cryptocurrency in Europe

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France is leading a coalition of the top five economies of Europe that aims to make the launch of Facebook crypto project Libra in the region unsuccessful. Government representatives from France, Germany, Italy, Spain and the Netherlands have been gathering in backroom meetings to discuss the prospect of blocking Facebook’s launch of Libra in European markets. When asked to comment, spokeswoman of the French Finance Minister, Bruno Le Maire, referred to the minister’s earlier comments that he made during the G7 meeting, “Countries would lose their sovereignty to private interests…