Day: November 13, 2019

Telegram Denies All SEC Allegations and Requests Dismissal of Trial

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Telegram has refuted allegations by the US Securities and Exchanges Commission in court, which claim that the planned Gram token from the messaging app is a security and, therefore, subject to regulations from the commission and has requested that the trial be dismissed because of this. Last month, the SEC successfully sought an injunction preventing Telegram from launching TON due to the fact that the ICO used to raise funds to develop the network was illegal. As a result of the injunction, investors in two separate ICOs were offered the chance to…

Bitcoin Price Bounces Off Key Moving Average as Bulls Avoid Death Cross

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Bitcoin’s (BTC’s) price has been choppy since its October spike to $10,350, giving no clear indications of where its trend will head next. Overall, crypto’s pioneer asset has been fairly uneventful, with many price fakeouts.  Bitcoin’s daily candle bounced off its 50-day moving average (MA) as support on Nov. 12, although the industry’s flagship asset once again faces resistance at its 0.5 Fibonacci retracement level, which could also be considered its range equilibrium.  The asset sits strongly below the $9,000 mark at press time, at a price of $8,766.70. Crypto…

Developer Demos Smart Card That Produces Bitcoin Cash Signatures

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Software engineer Tobias Ruck has revealed a project he’s been working on that allows a smart card to produce valid BCH signatures. Ruck tweeted about his experiment to the crypto community and Bitcoin Cash proponents showed their excitement about the future of offline payments. Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space Harnessing Offline Bitcoin Cash Payments For quite some time the developer Tobias Ruck has been experimenting and developing concepts that help bolster the BCH ecosystem. News.Bitcoin.com reported on Ruck last year when the programmer…

Bitstamp Crypto Exchange Expands Into Asia-Pacific Region With New Hire

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Luxembourg-based cryptocurrency exchange Bitstamp has hired Andrew Leelarthaepin to lead its business development efforts in the Asia-Pacific (APAC) region. In a Nov. 13 press release, Bitstamp announced that Leelarthaepin was joining the company to further expand the exchange’s presence in Asia-Pacific “to meet the growing level of demand for the exchange’s services.”  Bitstamp’s struggle to establish a local presence in Asia Miha Grčar, global head of business development at Bitstamp, said that the crypto exchange already has “an excellent reputation” in the West, but has so far been unable to…

Uncork Capital, Coinbase VC Arm, Others Invest $4 M in Crypto Analytics Firm Messari

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Uncork Capital has led a $4 million funding round that also saw funding from Coinbase Ventures for blockchain analytics firm Messari. Who’s who of new investors On Nov. 13, Messari announced that it had closed a $4 million funding round led by Uncork Capital, with participation from other top investors including Coinbase Ventures, Anthemis Group, Blockchain Capital, CoinFund, and former Coinbase CTO Balaji Srinivasan. The data analytics firm intends to invest the raised funds into further automating its data ingestion process and its redistribution capabilities for registry clients, while broadening…

Price Analysis 13/11: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX

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While Bitcoin price action remains lackluster, altcoins are attempting to make a strong upside move. Although Bitcoin (BTC) is not showing any trending move, Bakkt and the Chicago Mercantile Exchange (CME) Group continue to roll out products designed to attract the large traders. Bakkt recently announced that it will add a cash-settled futures contract to its existing Bitcoin-settled contract. On the other hand, the CME group plans to offer options on Bitcoin futures after receiving the necessary regulatory approvals.  Bitfinex cryptocurrency exchange is also planning to launch a slew of…

Dubai to Host City’s First Bitcoin Cash Meetup on Saturday

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As Dubai is renowned as an international business and financial hub it should be no surprise it has a dedicated community of cryptocurrency supporters. On Saturday the residents of the city are coming together to learn about bitcoin cash and party. If you are in the area that day, make sure not to miss this meetup. Also Read: Universal Protocol Alliance to List Mega-Utility Token on Bitcoin.com Exchange First Bitcoin Cash Meetup in Dubai Bitcoin Cash Dubai, a local group for electronic cash supporters from the most populous city in…

Australian Authorities Seize Cryptocurrency ATM and Arrest Man in Crypto Investigation

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Australian investigative authorities have arrested a man on charges of unregistered digital transaction of cryptocurrency. The Electronic crime squad of Australia made the arrest on 12th November in Cairnlea, as the 38-year-old man was arrested and escorted from his residence in the district. The investigation also led to a seizure of a cryptocurrency ATM associated with the case. The arrested man was taken into custody where he is currently held. The authorities have been investigating the issue further and questioning him regarding the violations of to two commonwealth laws surrounding…

Tron Founder Justin Sun Admits Investment in Crypto Exchange Poloniex

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Tron (TRX) founder Justin Sun admitted to being one of the investors that recently acquired cryptocurrency exchange Poloniex from financial technology firm Circle. Sun said he was one of the investors who acquired the trading platform in a livestream published by the official Poloniex Twitter profile on Nov. 12. Furthermore, he noted that the exchange operates independently from his firm, the Tron Foundation. In October, Sun refuted reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. Following the acquisition, Poloniex spun out from…

ICO’s blog on its information rights work

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Colleagues from the ICO’s access to information and compliance department share their experiences and involvement in raising awareness of our regulation of access to information legislation. Access to Information in Turbulent Times This is the first in a series of blog posts covering our regulation of access to information legislation. The first post is by Gill Bull, ICO’s Director of Freedom of Information Complaints and Compliance, who delivered the 2019 Bond Lecture at the British Records Association on 13 November 2019. Last week, I was delighted to present the annual…