Day: July 25, 2020

What Sex Workers Want to Do With Bitcoin

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In this audio interview, CoinDesk’s Leigh Cuen and OnlyFans performer Savannah Solo talk about fintech and the sex industry. From distribution platforms to Twitter and bitcoin, she helps break down what sex workers really need from digital tools. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS. This episode is sponsored by Bitstamp and Crypto.com. Savannah Solo started her OnlyFans account in January 2020 and within a few months became one of the top earners on the platform in her category.  She’s never used bitcoin…

Cardano Surges 11% as Shelley Launches: What’s Next for ADA?

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While all eyes may now be on Bitcoin and Ethereum, Cardano (ADA) has been one of the best performing digital assets over the past day. According to data from Coin Market Cap, the popular altcoin has surged over 11% in the past 24 hours, moving towards $0.14 once again. As of this article’s writing, the altcoin changes hands for $0.137, making it the sixth-largest public cryptocurrency in circulation. This price action comes as Cardano’s developers have confirmed that the Shelley hard fork has started. Shelley is an upgrade to the…

Binance Now Sending Out Its Debit Cards

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After months of waiting, planning and testing, Binance has begun delivering its debit cards to customers. “This started shipping in limited quantities as of yesterday, I heard,” Binance CEO Changpeng Zhao, also known as CZ, said in a July 25 tweet, responding to a community member interested in the product. Previous reporting shows an August launch for the card in European regions, so, it can be inferred, CZ means shipping to European customers at this time. Cointelegraph reached out to Binance for additional details but received no response as of…

Despite Bitcoin Surge Towards $10k, Analyst Thinks a Drop to $7k Is Possible

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It’s been an impressive past few days for the Bitcoin market. The leading cryptocurrency started the week at around $9,200, but now BTC trades at $9,700 after managing to benefit from a rally in the price of Ethereum. With the recent price action, analysts argue that Bitcoin is primed to see an explosive move higher reminiscent of October 2019. But, not everyone is convinced that is the case. Related Reading: Crypto Tidbits: Twitter’s “Bitcoin Scam,” Elon Musk & Dogecoin, Institutions Want BTC & ETH Bitcoin Could Still Correct to the $7,000s,…

Door Still Open for Future ZEC Relisting, Liquid Exchange COO Says

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After delisting privacy-focused asset Zcash (ZEC) in pursuit of regulatory compliance, Japanese exchange Liquid is not against a future relisting, pending regulatory clarity. “Regarding ZEC and our decision to temporarily stop providing trading services, we are seeking further guidance from both industry working groups and the MAS before we resume trading on Liquid,” exchange COO Seth Melamed told Cointelegraph on July 25, referring to the Monetary Authority of Singapore. He added: “In speaking with other VASPs [Virtual Asset Service Providers], we are not aware of any other exchange applying to…

Court Rules Bitcoin Is a Form of “Money” Under Washington D.C. Money Transmitters Act

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In what comes as yet another significant assent solidifying the narrative of bitcoin (BTC) as a legitimate medium of payment, a federal court in the U.S. ruled that the premier cryptocurrency is a form of “money” covered under the Washington D.C. Money Transmitters Act (MTA). However, crypto bulls should not keep their hopes too high. Bitcoin Is a Form of Money, Court Rules As reported earlier by Bloomberg, a federal court in the District of Columbia, U.S., ruled bitcoin as a form of money rather than property. The ruling came…

Aviation Database Struck By Unknown Ransomware Gang

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Smartwatch maker and data-syncing service provider, Garmin, was the subject of a ransomware attack that took down several of its services on July 23, which managed to encrypt its internal network. According to a series of tweets published by the company, the Garmin Connect website and mobile app were affected by the hackers, plus the call centers and every customer support resources like replying emails, online chats, and handling calls. However, the nature of the attack was unveiled by ZDNet, who also stated that the cybercriminals also targeted flyGarmin, the…

Here’s the Level Bitcoin Needs to Break to See a “Textbook Swing” to $10,500

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Bitcoin’s price action in the time following its break above its multi-week trading range between $9,100 and $9,300 has been quite positive. The cryptocurrency is now starting to stabilize around $9,600, and buyers are slowly pushing through the key resistance levels that have been suppressing its price action. Despite the current strength, there are still many hurdles that buyers need to jump past to spark a significant upwards movement that shatters its macro trading range between $9,000 and $10,000. One such hurdle currently sits at $9,800, which is where a…

Things to Consider When Giving Crypto to Charities or Others

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Last month, the United States Congress increased the tax benefits of charitable giving in the CARES Act in hopes that people will give more. Some give money; others give property; and a growing number have been giving crypto assets. Once you have made the difficult decision of which charity or cause to donate to, your focus should shift toward your tax position. There are certain things to keep in mind when giving crypto assets — particularly considering how their volatility can affect your taxes and decision making. Which crypto asset…

Liquid Exchange Confirms Asset Delistings Due to Regulatory Requirements

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Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance. “Liquid works closely with regulators in Japan and Singapore,” Melamed told Cointelegraph on July 25. Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he added: “As part of risk management we have to take a conservative approach regarding maintaining listings in tokens that are potentially viewed by regulators as in conflict with rules around AML and CFT and the Funds Travel Rule.”…