Cubans Are Turning to Bitcoin to Access Global Economy: Report

Bitcoin (BTC) trading is opening new avenues for citizens in Communist-run Cuba, which has been financially isolated for years under a United States trade embargo. A Sept. 12 report from U.S. News claims that with the recent advent of mobile internet in the country, Cubans are increasingly buying cryptocurrencies to make online purchases, as well as to invest and trade. “Opening new doors” in retail Without access to debit or credit cards for international use, cryptocurrency-enabled purchases are a welcome opportunity for locals. In an interview with U.S. News, local…

Major Coins Report Mixed Signals, ETC Sees Modest Gains Following Hard Fork

Thursday, Sept. 12 — Cryptocurrency markets are reporting mixed signals today after Bitcoin (BTC) stuck above $10,000 as it was earlier today, according to data from Coin360. Market visualization. Source: Coin360 BTC is up 2.19% over the past 24 hours and is trading at around $10,302 at press time. The leading coin has seen slight volatility during the day, having dropped to as low as $10,056, while the intraday high was $10,393. Bitcoin seven-day price chart. Source: Coin360 As Christopher Inks of TexasWest Capital said in an interview with Cointelegraph…

France ‘Cannot Authorize’ Facebook’s Libra Development in Europe: Report

France plans to block the development of Libra — Facebook’s proposed stablecoin payments network —  in Europe. French Finance Minister Bruno Le Maire said that the country cannot permit the launch of Facebook’s proposed cryptocurrency in Europe because the “monetary sovereignty of states is at stake,” CNBC reported Sept. 12. The report notes Le Maire’s apparently resolute stance —  delivered at the opening of the OECD Global Blockchain Policy Forum 2019 in Paris — as follows: “All these concerns around Libra are serious. So I want to say this with…

Coinbase Considering Initial Exchange Offering Platform: Report

United States-based cryptocurrency exchange Coinbase has indicated it is considering the launch of an initial exchange offering (IEO) platform. The news was revealed by Coinbase’s head of institutional sales in Asia, Kayvon Pirestani during a panel at the Invest: Asia conference on Sept. 11, crypto media outlet Coindesk reports. IEO platform could be announced within months During the panel, Pirestani reportedly revealed that the exchange believes that an IEO represents a “really interesting opportunity” for the business, stating that: “In a nutshell, Coinbase is carefully exploring not only the IEO…

Report: LG Seeks to Enter the Crypto Market with Blockchain Phone

The South Korean news outlet IT Chosun reports that the multinational electronics company LG will release blockchain friendly smartphones as part of its next round of launches. Anonymous officials from the company have apprised the local media outlet about a now-concluded market research that the company has conducted, and its preparations to launch a blockchain-oriented smartphone. It was also reported that LG is collaborating with local decentralized application (dApp) developers to come up with marketable use cases for its new concept of blockchain-ready mobile phones. The reporting comes roughly a…

Report: BitMEX Crypto Exchange COO Steps Down

The chief operating officer (COO) at digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down. A spokesperson familiar with the matter told industry-focused media outlet The Block on Sept. 9: “We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the moment, but we wish Angelina all the best.” A veteran Hong Kong regulator Kwan — who previously covered enforcement and market supervision as part of her role as director of Hong Kong’s Securities and…

Four Out of Five Top Bitcoin QR Code Generators are Scams: Report

Four out of the first five results presented when querying Google for a “bitcoin qr generator” lead to scam websites. The findings Cryptocurrency wallet ZenGo wrote the findings in a blog post published on Aug. 29. Reportedly, when researching prior to implementing QR Code support in their wallet, ZenGo learned of the prevalence of scam QR Code generators. The company explains how the alleged scam works: “These sites generate a QR code that encodes an address controlled by the scammers, instead of the one requested by the user, thus directing…

NSA Working to Develop Quantum-Resistant Cryptocurrency: Report

The United States’ National Security Agency (NSA) is allegedly working to develop a quantum-resistant cryptocurrency. The claim was made in a tweet by Bloomberg Technology reporter William Turton on Sept. 4, who was in attendance at the Billington CyberSecurity 10th annual summit in Washington D.C. NSA: North Korea “creative” in its use of cryptocurrency Turton’s tweet gives only a laconic hint at the agency’s apparent plans, with reference to the quantum-resistant cryptocurrency project confined to an aside. He wrote: “Anne Neuberger, Director of NSA’s new Cybersecurity Directorate says that the…

Blockchain.com Wallet Seeking New $50M Funding Round: Report

Cryptocurrency wallet and statistics resource Blockchain (formerly Blockchain.info) is reportedly raising $50 million in a new funding round. According to Yahoo! Finance citing two anonymous sources on Sept. 4, Blockchain is already negotiating the cash, which it will use to invest in equity and purchase unnamed cryptocurrency tokens.  Blockchain eyes fresh expansion The sources added that Sam Harrison, who joined the company in 2018 to co-found its Blockchain Ventures spin-off, is in charge of proceedings.  Blockchain has yet to confirm the reports, which come on the back of previous round…

Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report

Crypto exchange Bitfinex shareholder Zhao Dong has claimed that sister firm Tether plans to release a version of the stablecoin backed by a basket of commodities such as gold, crude oil and rubber. In private correspondence with Cointelegraph on Sept. 3, Dong said that the idea of issuing Tether (USDT) pegged to a commodities basket was being mooted in order to mitigate the risks associated with keeping large amounts of funds deposited in banks. “Tether is backed at least 83.75% by USD” Aside from the commodity stablecoin news, Dong commented…