John McAfee Launches WHACKD — An ‘Epstein Didn’t Kill Himself’ Crypto

American entrepreneur and vocal crypto advocate John McAfee has launched a polemical meme cryptocurrency dubbed “WHACKD.”  The token’s full rubric — “Epstein Didn’t Kill Himself” —  was revealed in McAfee’s Nov. 11 Twitter announcement on Nov. 11.  A dead billionaire, the former first lady… and pizza The image used to advertise WHACKD — a portrait of Hillary Clinton with eyes fixed cravenly on a pair of dangling feet, as she clutches a slice of pizza — point to McAfee’s conspiratorial take on the death of billionaire Jeffrey Epstein this August.…

PayPal Cuts Payouts to Over 100,000 Pornhub Models

Bitcoin (BTC) is being championed as the solution to a new payment crisis affecting the adult entertainment website Pornhub. In a blog post on Nov. 14, Pornhub revealed that payment processor PayPal had abruptly stopped servicing its models.  Pornhub hits out at attack on “livelihoods” Previously, models throughout the world received payouts via PayPal, which has not publicly stated why it cut them out of its platform.  “We are all devastated by PayPal’s decision to stop payouts to over a hundred thousand performers who rely on them for their livelihoods,”…

Swiss Stock Exchange SIX Lists Tezos-Based ETP With ‘Baking’

Switzerland’s main stock exchange SIX has listed a Tezos-based exchange-traded product (ETP) that enables investors to generate passive income. Traded under the symbol AXTZ, the product is issued by fintech Amun AG in partnership with the Tezos Foundation. It went live for trading on Nov. 5. Passive yield According to an overview of the instrument, the ETP’s investment objective is both to provide exposure to the performance of Tezos while generating additional yield for investors through so-called “baking rewards.” Similarly to other proof-of-stake (PoS)-based blockchains, Tezos investors are able to…

Crypto.com Launches New Exchange Eyeing Top-10 Spot Within 5 Years

Hong Kong-based cryptocurrency platform, Crypto.com, announced the launch of its cryptocurrency exchange on Nov. 14.  The Crypto.com Exchange is intended to drive the mass adoption of cryptocurrencies by enabling over one million users the ability to trade digital assets through the Crypto.com web interface, trading API, or through its app. “Creating an exchange has been a natural extension and next step to ensure that everything stays in our own ecosystem,” Kris Marszalek, co-founder and CEO of Crypto.com, told Cointelegraph at Blockshow Singapore 2019. Notable features of the Crypto.com Exchange include…

Patrick Ngan Teases Asia’s First Unified Crypto-Fiat Payment System

Speaking on stage at BlockShow 2019 in Singapore today, Alchemy Global Payment Solutions (Alchemy GPS) co-founder Patrick Ngan discussed some details of how his company is making it easier to pay for everyday goods and services with cryptocurrency. Ngan emphasized the power of choice to make consumers and merchants happier. Calling his company’s “the first unified crypto-fiat payment solution in Asia,” he described a merchant product that lets the customer decide whether they want to pay in local fiat currency or a popular cryptocurrency of their choice. “People in this…

NEO Founder Explains Why the Internet Is Imperfect

Kicking off the first panel of BlockShow Asia 2019, NEO founder Da Hongfei shared his views on the current state of decentralized web: “The internet is a great invention. It looks almost perfect. But is it really?” Citing examples like the Cambridge Analytica scandal and the Equifax hack, he highlighted a critical isolation problem plaguing the Web, leading to monopoly, centralization, abuse, and single points of failure.  He brought up other challenges, including vertical friction, the lack of internationally accepted Web standards, and the general immaturity of technology — these…

Travel Company Allows Customers to Book Flights With Bitcoin

Alternative Airlines, a travel company based in the United Kingdom, has partnered with cryptocurrency service Utrust to facilitate payments with crypto. On Nov. 13, the Swiss-based digital payments processor Utrust announced a new partnership with its first merchant in the travel industry, Alternative Airlines. The two companies plan to provide customers with the ability to book flights while paying with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Dash, DigiByte (DGB) and Utrust’s native token UTK.  Search over 650 airlines and pay with crypto The collaboration between the two companies will…

Canaan Creative Sets Terms, Plans to Rake in $100 Million in Upcoming US IPO

Chinese cryptocurrency mining giant Canaan Creative has announced terms for its United States initial public offering (IPO) planned for later this month. On Nov. 13, Renaissance Capital reported that Bitcoin (BTC) mining giant Canaan Creative announced its plans to raise $100 million by offering 10 million American depositary shares (ADS) at a price range from $9 to $11. This would potentially put the company’s overall market value at some $1.6 billion, with an enterprise value of $1.4 billion. An ADS is a U.S. dollar-denominated equity share of a foreign-based company…

BaFin Orders Gold-Backed Token Issuer and Alleged Ponzi Scheme to Cease-and-Desist

The German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany.  BaFin alleges that Karatbit Foundation is issuing the KaratGoldCoin (KBC) without the necessary license, according to a Nov. 11 announcement. Karatbit describes itself as a provider of a blockchain-based payment system that enables users to conduct transactions with gold, as well as trade gold with cryptocurrencies. The company claims that over 500,000 acceptance points around the world and ten crypto exchanges support trading of gold and…

Telegram Denies All SEC Allegations and Requests Dismissal of Trial

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…