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How the Blockchain Stops Cheaters: Cryptocurrency and Provably Fair Gaming

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How The Blockchain Stops Cheaters - Cryptocurrency Allows Provably Fair Gaming

Online casinos and betting sites have proliferated since the first of their kind came on the scene in 1994. Thanks to the convenience of playing from home, the allure of winning real money, and a degree of privacy, these popular sites continue to evolve. There have been major problems, though, regarding perceived fairness and randomness of play. Blockchain technology offers a solution in provably fair gaming, taking trust out of the picture almost entirely.

Also read: Why You Can’t Bet With Bitcoin at Online Casinos in the US  Read more...

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Japan Studies Libra as Global Criticism on Facebook’s Cryptocurrency Intensifies

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When it comes to Facebook’s Libra digital currency not even one of the most crypto-friendly countries in the world is turning a blind eye to social media giant’s cryptocurrency plans and hoping all will work out well magically. Rather, Japan is taking proactive steps to understand Libra’s potential ramifications even before the cryptocurrency has gotten […]

The post Japan Studies Libra as Global Criticism on Facebook’s Cryptocurrency Intensifies appeared first on CCN Markets

CCN Markets

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Libra Rival Kin Savages Facebook’s Cryptocurrency

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The makers of Kik’s Kin cryptocurrency, which itself is no stranger to regulatory issues with the US government, do not feel one shred of sympathy for Facebook as Congress rakes Libra over the coals on Capitol Hill. The chat app, with its more than 300 million registered users, made waves during the 2017 gold rush […]

The post Libra Rival Kin Savages Facebook’s Cryptocurrency appeared first on CCN Markets

CCN Markets

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Bithoven Cryptocurrency Exchange Announces Its New Margin Trading Services For Users

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Bithoven, a recognized cryptocurrency exchange, is currently offering margin trading services for users on its platform. The information was released by the company with the intention to offer the services traders request the most. With this new feature, individuals will be able to improve their trading strategy and potentially increase their profits.  Bithoven Adds Support […]

The post Bithoven Cryptocurrency Exchange Announces Its New Margin Trading Services For Users appeared first on CCN Markets

CCN Markets

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Thailand Approves 4 New Cryptocurrency Service Providers

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Thailand Approves 4 New Cryptocurrency Service Providers

The Thai Securities and Exchange Commission has approved four new crypto business operators to legally operate in the country. In addition to licensing a new crypto exchange, the government has officially approved the country’s first three digital token portals. Meanwhile, new rules, conditions, and procedures have been introduced for digital asset businesses.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments  Read more...

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Hackers Thieve $32 Million in Cryptocurrency from Japanese Exchange Bitpoint

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Japanese cryptocurrency exchange Bitpoint’s parent company Remixpoint has just revealed that the operator has lost 3.5 billion yen ($ 32 million) to hackers, as reported by the Nikkei Asian Review. ¥3.5 billion hacked from Bitpoint cryptocurrency exchange https://t.co/zbdqXgFCIO — The Japan Times (@japantimes) July 12, 2019 Customer funds worth 2.5 billion yen have been stolen by […]

The post Hackers Thieve $ 32 Million in Cryptocurrency from Japanese Exchange Bitpoint appeared first on CCN Markets

CCN Markets

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The Cryptocurrency Projects Pursuing a Path to Decentralization 

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The Cryptocurrency Projects Pursuing a Path to Decentralization 

Decentralization over time is an ethos that many crypto projects espouse. To date, however, few have completed this journey. Talking the talk is easy, but when it comes down to it, only a handful of projects are bold enough to walk the walk and willingly entrust their fate to the community.

Also read: How 10 Countries Respond to Facebook’s Libra Cryptocurrency  Read more...

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Visa Predictably Backs $40 Million Raise in Cryptocurrency Security System

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The longer you’ve been in the blockchain space, the more you’ve likely realized that traditional finance companies will come in and benefit from the technology as well. It started with patents and investments; now the companies inevitably begin to take a more active role. Then You Win JPMorgan released its cryptocurrency. Now, much of the […]

The post Visa Predictably Backs $ 40 Million Raise in Cryptocurrency Security System appeared first on CCN Markets

CCN Markets

Permanent link to this post (77 words, estimated 18 secs reading time)

How 10 Countries Respond to Facebook’s Libra Cryptocurrency

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How 10 Countries Respond to Facebook’s Libra Cryptocurrency

A growing number of governments have responded to Facebook’s cryptocurrency plans including China, France, India, Japan, South Korea, Russia, Singapore, Thailand, the U.K., and the U.S. Several intergovernmental organizations have also weighed in such as the European Central Bank and the Bank of International Settlements.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments  Read more...

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Markets Update: Cryptocurrency Prices Continue to Accelerate

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Markets Update: Cryptocurrency Prices Continue to Show Accelerated Growth

Digital asset markets have been on a tear lately, gaining $ 68 billion in five days. Currently, there’s over $ 100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon.

Also Read: How to Find a Bitcoin Cash Meetup Near You

The Cryptoconomy Captures $ 368 Billion

Cryptocurrency markets have seen incredible gains over the last few weeks and between a few small corrections, prices continue to rise. The price of bitcoin core (BTC) has reached a 17-month high and has gathered a market valuation of around $ 228 billion. BTC has about $ 32.9 billion worth of global trade volume and at $ 12,828 per coin, the cryptocurrency is up 40% for the week.  Read more...

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How to Cold Store Your Cryptocurrency for Safekeeping

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If you’re new to the crypto scene you might have heard about people moving their assets into cold storage or cold wallets but were unsure exactly what this entails. Simply put, it means storing your crypto offline to reduce access to hackers. Here’s how you can easily freeze your coins for safekeeping.

Also Read: How to Find a Bitcoin Cash Meetup Near You  Read more...

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48 Cryptocurrency Exchanges Now Approved in the Philippines

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48 Cryptocurrency Exchanges Now Approved in the Philippines

The number of approved cryptocurrency exchanges has been growing in the Philippines. In addition to 11 operators registered by the central bank, the Bangko Sentral ng Pilipinas, there are 37 other crypto exchange operators licensed by the government-owned Cagayan Economic Zone Authority.

Also read: FATF Releases Global Standards for Crypto Assets

11 Crypto Exchanges Registered by Central Bank

The Bangko Sentral ng Pilipinas (BSP) has registered 11 cryptocurrency exchanges, allowing them to operate in the country, according to the most recent list of Remittance and Transfer Companies with Money Changing or Foreign Exchange Dealing and Virtual Currency (VC) Exchange Service.  Read more...

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Cryptocurrency Scammer Dubbed ‘Coyote of Wall Street’ Pleads Guilty

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By CCN Markets: A scammer that called himself the “coyote of Wall Street” has admitted to telling clients he would invest their money in cryptocurrency only to keep it for himself. Patrick McDonnell, a 46-year-old from Staten Island in New York, pleaded guilty to one count of wire fraud on Friday. He explained to U.S. District Judge Nicholas Garaufis, in comments reported by Bloomberg, that he spent the money on himself: I perpetrated a fraud. I claimed to invest it in virtual currency and spent it on personal expenses. How the “Coyote of Wall Street” Worked McDonnell, also known as  Read more...

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7 Darknet Markets Where Your Cryptocurrency Is Welcome

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7 Darknet Markets Where Your Cryptocurrency Is Welcome

Whether you’re a Store of Value advocate or a Medium of Exchange purveyor, every bitcoiner ought to spend a little crypto from time to time. Consider it as paying it forward, spreading the love, fostering adoption or simply treating yourself. And where better to send your spare satoshis than the darknet, where a man or woman can obtain anything they like for a price.

Also read: How to Stay Safe When Using Darknet Markets  Read more...

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Why the Bitcoin Halving is Bullish for Every Single Cryptocurrency

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By CCN Markets: The old adage “a rising tide lifts all boats” appears to be more applicable to the crypto market than perhaps any other asset class. Need proof? Just look at the resounding impact the looming bitcoin halving is having on virtually every major cryptocurrency. The Halving is Bullish for the Bitcoin Price For those who are not familiar, the bitcoin halving is a much-anticipated event in which BTC block rewards are reduced by 50 percent. One halving happens every four years. From an economic standpoint, the bitcoin halving is a bullish event because it significantly reduces the inflation  Read more...

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21 Brutally Honest Opinions About Facebook’s Libra Cryptocurrency

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By CCN Markets: Maybe you heard the news? Facebook is launching a cryptocurrency called Libra. Cue the endless tweet-storms and Medium posts and think-pieces! Here are some of the most important comments from regulators, blockchain experts, finance analysts, regulators, and Facebook executives themselves. Bitcoin community on Facebook cryptocurrency The crypto community is split over Facebook’s crypto announcement. Most were quick to point out it’s not a real blockchain, but they almost unanimously believe it will open the door for bitcoin and threaten traditional finance. 1. Ryan Selkis (Messari CEO) – Facebook’s Libra is a “gateway drug” for crypto. 2. Erik  Read more...

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‘Big Four’ Firm PwC Unveils Tool to Audit Clients’ Cryptocurrency Transactions

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By CCN Markets: Big Four accounting firm PricewaterhouseCoopers (PwC) is expanding into the cryptocurrency audit business with the launch of a new solution. The firm is expanding its “Halo” suite of auditing tools to provide audit and assurance services to those clients that deal in crypto. According to PwC’s press release: “PwC can currently use this tool to provide assurance services to clients transacting in Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, ERC20 – OAX token, and Ripple (XRP).” PwC is enabling cryptocurrency adoption PwC’s crypto solution is proof that we are moving toward mainstream adoption of digital  Read more...

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