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Enjin Coin surges 71% after becoming first regulatory approved gaming token in Japan

On Jan 19, Blockchain-based Enjin Coin (ENJ) became the first gaming cryptocurrency to be legally authorized for trade by the Japanese Virtual Currency Exchange Association (JVCEA). This coincided with a sudden 71% increase to the coin’s dollar value which occurred within just 9 hours, and saw the ENJ coin price jump from $0.236340, up to a 3-year high of $0.406356. ENJ/USD. Source: CoinMarketCap.com “Enjin Coin has been approved by the JVCEA and will be listed on Coincheck exchange, making it the first gaming token authorized for use in Japan,” said…

Bitcoin Is Aiding the Ransomware Industry

They were all hit by ransomware attacks in the last year. Boaz Sobrado is a London-based data analyst and cryptocurrency enthusiast. Ransomware attacks are when hackers gain access to the computer systems of the victim, and threaten to expose them or render them useless unless the victim pays a ransom. The attacks are increasingly professional. Victims are directed to a “user support” site where they can chat with the ransomware operators. Sometimes they can see a ticking clock: If the ransom is not paid within 24 hours, the ransom amount…

Australian Bitcoin Trader Sues Banks for Systematic Discrimination – Featured Bitcoin News

An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest commercial banks, accusing them of systematic discrimination when they closed his accounts on short notice. Allan Flynn is demanding compensation of AU$250,000 ($193,000) from ANZ and Westpac banks for closing his accounts immediately after they had been opened, the Australian Financial Review reported on Jan. 18. Flynn, who operates a registered bitcoin (BTC) exchange, has started proceedings against both banks at the ACT Civil and Administrative Tribunal. The trader alleges he is the victim of unlawful…

Learn crypto from Biden’s SEC chair pick, part 3/3

This is the third article in a three-part series based on Gary Gensler’s extensive prior public statements on crypto. Here are parts 1 and 2. Cointelegraph has been busily digging through a treasure trove of likely future Chairman of the Securities and Exchange Commission Gary Gensler’s thoughts on crypto, especially from a series of lectures he gave at MIT in the fall of 2018. One especially notable element of Gensler’s thinking is his obvious respect for Bitcoin’s mechanism of internal governance and his obvious interest in seeing that decentralization elsewhere…

Bitcoin can scale on chain just fine as a store of value, Blockdaemon CEO suggests

Can Bitcoin’s (BTC) blockchain handle full mainstream adoption as a store of value, without needing layer-two scaling solutions? Konstantin Richter, founder and CEO of blockchain infrastructure company Blockdaemon, seems to think so. “Bitcoin is the best cryptocurrency suited for store of value,” Richter told Cointelegraph, adding: “In terms of what the Bitcoin blockchain can currently handle from a latency and throughput point of view, Bitcoin is very strong. If we start talking about using Bitcoin for payments, that’s where the need for layer-2 scaling comes into play, but for people who…

Coinbase Buys Blockchain Infrastructure Startup Bison Trails

Cryptocurrency exchange Coinbase announced it’s buying blockchain infrastructure company Bison Trails. Bison Trials, which builds cross-blockchain integration tools that link disparate protocols, will become a “foundational element” of the Coinbase product suite, the top U.S. exchange said in a Tuesday blog post. Terms of the deal were not disclosed. Bison Trails did not immediately respond to a request comment. This story will be updated. Source link

3 key reasons why Polkastarter (POLS) price rallied 500% since December

Polkastarter (POLS) is a cross-chain token pool and auction protocol built on the Polkadot (DOT) blockchain. It launched in October of 2020 as a way for projects to raise capital in a decentralized environment and since January the token has rallied 500% to a new high at $1.78. Three possible reasons for the recent growth of POLS are the strong rally seen from Polkadot, strategic partnerships and exchange listings and an expanding list of token launches via auctions. POLS/USDT 4-hour chart. Source: TradingView The rise of Polkadot The rising popularity…

Goldman Sachs Can No Longer Dismiss Bitcoin

According to a Goldman insider, the investment bank will leap into crypto custody soon. This episode is sponsored by Nexo.io. Today on the Brief: Gary Gensler is officially Biden’s pick for SEC chairman Investors are betting against the U.S. dollar Grayscale has best day ever with $700 million in investment Ethereum reaches new all-time high Our main discussion: Goldman Sachs reportedly coming to crypto. Over the last year, many traditional financial institutions have recanted previous skepticism to join the bitcoin space. For most of that time, Goldman Sachs has been…