Day: November 6, 2019

Coinbase Cryptocurrency Exchange Opens Tezos Staking to All US Customers

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United States-based cryptocurrency exchange and wallet service Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ). In a blog post on Nov. 6, Coinbase announced that it is now introducing staking rewards for all Tezos holders on Coinbase, so that each eligible U.S. customer can earn interest on their XTZ holdings for depositing and holding the token on the platform. The estimated return for Tezos staking is around 5% Staking lets customers passively earn income with their crypto by holding funds in a cryptocurrency wallet…

Dai Stablecoin Hits 100M Debt Ceiling Ahead of Collateral Protocol Upgrade

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The Dai (DAI) stablecoin has reached its 100 million token debt ceiling, meaning that there are currently 100 million Dai tokens minted.  Data from Etherescan shows there are the top 100 holders of the Ethereum-based stablecoin hold over 72 percent of all Dai tokens.  The stablecoin originally had an upper limit of 50 million tokens. In July 2018, the Dai community voted to increase the debt ceiling to 100 million DAI by appointing a new authority — a one-time use smart contract — that would increase the limit.  A change…

New York Resident Indicted for Crypto Scam, Charged With Wire Fraud

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The Office of United States Immigration and Customs Enforcement’s Homeland Security Investigations and prosecutors for the Southern District of New York have indicted a man for allegedly participating in a cryptocurrency scheme dubbed Igobit. According to an announcement on Nov. 6, Asa Saint Clair was charged with one count of wire fraud, which carries a maximum sentence of 20 years in prison if convicted. Used clients funds for dinners at Manhattan restaurants The document states that, from 2017 through September 2019, Saint Clair solicited investors to be part of Igobit…

Following a $72 Million Token Sale, Nervos to Launch Its ‘Lina’ Mainnet

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Nervos Network, an open-source public blockchain project, has announced the launch of its mainnet dubbed “Lina.” In an announcement on Nov. 6, the Chinese blockchain network founded by the creators of Spark Pool, the largest Ether (ETH) mining pool, stated that its mainnet is now fully developed, so miners and developers will be able to utilize the network starting Nov. 16. Nervos Network opened its token sale via CoinList on Oct. 16, and has since raised $72 million, exceeding its initial goal of $67.2 million. Nervos sold 21.5% of the…

Follow Ripple Swell Event as it Happens…

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 Ripple’s highly anticipated Swell event is just hours away from launch, the event is held in Singapore which is almost one day ahead of those in the west.  We have already heard from Mr B XRP and the Digital Asset Investor who were invited to attend the event as ambassadors of the XRP community. They have already chatted with legends David Schwartz and Brad Garlinghouse, both of whom say they love the XRP community and all that it does. Stay ahead of the crowd and follow the news as it…

Sophia the Robot Knows About Cryptocurrencies but Does Not Use Them yet

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The humanoid robot named Sophia returned to the Web Summit stage, where she fielded questions from participants and journalists, including inquiries about blockchain technology and cryptocurrencies.  On Nov. 6, Sophia addressed the room at the latest edition of the Web Summit in Lisbon, Portugal, where she talked about artificial and robotic intelligence while answering questions on a range of topics. Sophia, who will turn four years old in February and who was inspired by the looks of actress Audrey Hepburn, was asked if she had an opinion on blockchain, Bitcoin…

Bitcoin ‘Carry Trade’ Can Net Annual Gains With Little Risk, Says PlanB

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Trading crypto assets, or any market for that matter, is a zero-sum game. When one person wins, someone else must lose, making trading highly competitive. That being said, consistently profitable strategies can be hard to find. Recently, PlanB, a crypto investor and analyst active on Twitter, described a Bitcoin (BTC) trading strategy that yields a stated 7-10% profit annually with limited downside risk.  PlanB tweeted,   “Bitcoin cash and carry (spot buying BTC and simultaneously future selling for delivery in 1-6 months) will net you 7-10% annualized return .. almost risk…

Binary Options Scams Spread Into Crypto, Time for US Lawmakers to Act

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Mainstream finance and cryptocurrency are becoming more closely intertwined with each passing day. Just over a year ago, the idea of centralized financial behemoths trialing blockchain or crypto solutions would have been unthinkable.  Currently, cryptocurrency is traded like never before. In just the last few weeks, major players have launched both Bitcoin options and futures platforms, making cryptocurrency accessible to a whole new range of investors. For crypto enthusiasts, each instance of wider integration with mainstream finance is a cause for celebration. For cryptocurrency’s many detractors, these new ways of…

EToro Trading Platform Acquires Crypto Portfolio Management App

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Trading and investment platform eToro has acquired the cryptocurrency portfolio app Delta — an app that tracks 6,000 different cryptocurrencies and tokens on 180 exchanges. According to a press release on Nov. 6, eToro acquired Delta for an undisclosed amount, however, Israeli tech publication CTech reports that the deal was worth approximately $5 million.  Doron Rosenblum, the managing director of eToroX — eToro’s blockchain subsidiary — said that they would integrate Delta with the eToroX platform, which would enable users to trade from within the app. The blockchain subsidiary will…

US SEC Report Notes Trading Suspensions, Actions Against Crypto Firms in 2019

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The United States Securities and Exchange Commission (SEC) suspended securities trading of 271 issuers this year, including some digital assets. The SEC released its annual report for the fiscal year of 2019 on Nov. 6, in which the regulator also noted that the number of suspensions is only slightly lower than last year’s 280. 31 court-ordered asset freezes in 2019 The report notes a Nevada company that falsely claimed to have partnered with an SEC-qualified custodian for its crypto transactions and to offer an SEC-regulated token offering as an example.…