Day: November 21, 2019

Trading App for Kraken Futures Is Now Available on iOS and Android

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San Francisco-based cryptocurrency exchange Kraken announced that it is introducing a mobile version of its Kraken Future trading app. New opportunities for futures trading On Nov. 21, Kraken announced on its blog that it is launching a mobile app version of Kraken Futures, which was created earlier this year after acquiring Cryptofacilities and was previously only available on a web browser. The app will be available on both the iOS and Android platforms. According to its website, Kraken Futures is a professional trading platform for derivatives on digital assets, where traders…

Bithumb Quashes Shanghai Office Closure Rumors After Binance Denial

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South Korean cryptocurrency exchange Bithumb is denying recent reports that Chinese authorities have raided its Shanghai offices. On Nov. 21, a Bithumb spokesperson informed the Block that the recent rumors of a police raid and closure of the exchange’s Shanghai offices are false and that its one and only Shanghai team continues to operate “steadily without pause.” Yesterday, Chinese media reportedly wrote that the South Korean crypto exchange had told its employees to take a long vacation, without informing them about any specific date on when to return to work.…

Green Policy and Crypto Energy Consumption in the EU

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Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies require a high consumption of electricity, currently produced predominantly using coal and fossil fuels that adversely impact the environment. A global shift toward green energy will require the removal of the existing regulatory barriers on technology, infrastructure, finance and tax policy. In this series, my articles evaluate the tax, digital technology and solar policies (including space power satellites) of the countries that emit the highest volumes of carbon dioxide. Proving the heliocentric…

Few Big Exchanges Continue to Report Fake Volumes in 2019: Chainalysis

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Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019, a new study by Chainalysis says. According to the New York-based blockchain analytics firm, there are still some crypto exchanges including Bitforex that likely report fake trading volumes to simulate greater market activity and liquidity. Chainalysis posted the study on its blog on Nov. 15. In the study, Chainalysis analyzed the top 10 cryptocurrency exchanges, known as the “Bitwise 10,” which were reportedly considered the only large exchanges that reported their actual volumes. Those exchanges include Binance,…

China Hype Implodes as Bitcoin Completely Retraces to Pre-Rally Levels

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Bitcoin shows signs of a pump-and-dump scheme. A renowned analyst says BTC is dying. Despite the bearish sentiment, countries around the world want to allow investors to trade the pioneer cryptocurrency. On Oct. 25, Chinese President Xi Jinping addressed the nation about the “important role [that blockchain technology would play] in the next round of technological innovation and industrial transformation.” He declared that his administration would focus on getting China to “take the leading position gain” in blockchain research and development. President Xi said: Major countries are stepping up their…

Booking Airbnb with Bitcoin is Now Possible

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The value of cryptocurrencies is constantly fluctuating, but that doesn’t stop people and businesses from using them to conduct money transactions. Nowadays, you can use Bitcoin – the cryptocurrency that started everything – on Amazon, gambling venues such as the Sloto Cash online casino, and as of late – Airbnb as well. On November 11th, it was announced that Fold now supports payments to Airbnb, allowing people to book stays while enjoying some extra benefits. According to ads, Fold users will benefit from a 3% cash-back on every Airbnb booking.…

China’s Second-Biggest Bitcoin Mining Equipment Manufacturer Raises $90M in U.S. IPO

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China-based bitcoin mining equipment maker, Canaan Creative raised $90 million in its U.S. Initial Public Offering (IPO), after selling the IPO shares at the bottom of its marketed range, reports Bloomberg on November 21, 2019. Canaan Creative Raises $90 Million at IPO Per the report, Canaan Creative was able to raise $90 million during its U.S. IPO conducted on November 20, 2019. Reportedly, 10 million American depository shares were sold during the IPO, and each share was offered at $9. However, filings with the U.S. Securities and Exchange Commission (SEC)…

Citizens Want BTC Over Peso Amid USD Crackdown

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Argentina’s central bank had formally banned consumers from purchasing Bitcoin (BTC) and other cryptocurrency using credit cards on Nov. 1. What followed was the very opposite of what the Argentine government had anticipated — over the past two weeks, the country has traded the highest amount of Bitcoins on the peer-to-peer platform LocalBitcoins, according to data by CoinDance. Argentina’s fragile economy One of the biggest factors in the high adoption of crypto in the country is the high volatility of the Argentine peso. In just the past five years, the…

Lawyer Found Guilty of Money Laundering for OneCoin’s Cryptoqueen

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A Manhattan federal jury has found lawyer Mark S. Scott guilty of helping OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million. On Nov. 21, Law360 reported that the Manhattan jury of six women and six men decided to hand down a guilty verdict to Scott, a former partner at law firm Locke Lord who was suspected of being paid $50 million to launder $400 million for Ignatova, also known as the “cryptoqueen.” Claim of innocence was rejected The jury did not buy Scott’s claim that he had no…