#1 Source For Bitcoin And Altcoin News
On May 13, cryptocurrency enthusiasts were pleased to hear that major retailers including Whole Foods, Lowes, Petco, Regal Cinemas, and Gamestop will accept payments in crypto. The payments will be processed by Flexa using its custodial wallet called ‘Spedn’ which gives people the ability to spend with bitcoin core, ethereum, bitcoin cash, and GUSD.
Also read: Satoshi Nakamoto Could Be Criminal Mastermind Paul Le Roux
Several major cryptocurrency traders have reportedly begun discussing plans to enact an industry-wide blacklist of suspicious actors, to stem the tide of scams, theft and fraud in the crypto space.
Bloomberg reported on this development on May 8, 2019, claiming that major companies such as Ripple, Cumberland DRW and Galaxy Digital Holdings gathered to discuss some of the practical applications of such a blacklist. Similarly, alternate plans were also discussed to form a sort of “whitelist” by introducing formal industry standards to accredit firms in good standing.
Major cryptocurrency trading firms have had about enough of the ongoing scams and hacks that are all-too-frequent in the young industry. According to a recent report by Bloomberg, firms including DRW Holdings’ crypto unit, Mike Novogratz’s Galaxy Digital (TSXV:GLXY), and Ripple got together in Chicago this week to discuss building a blacklist of groups “known […]
SludgeFeed
The idea of rolling back the clock on cryptocurrency transactions to reverse a situation people are unhappy with is highly contentious. As such, many were shocked to hear that a number of major players in the industry had even discussed a rollback of BTC following the Binance exchange hack.
Also Read: Keys4coins Lets You Buy Video Game Licenses With Bitcoin Cash
The CEO of Binance, Changpeng Zhao, has revealed that he spoke with several people about pursuing a re-organization of the Bitcoin Core blockchain. One of those was Bitmain’s Jihan Wu, who CZ said educated him on why he cannot do this to BTC.
Complexity Gaming, one of the largest North American esports organizations, announced Friday that it is conducting a major rebranding initiative to push towards “Esports 3.0,” where esports athletes are treated like professional sports athletes. Texas-based #esports franchise @compLexity Gaming, whose owners include @DallasCowboys owner Jerry Jones, is re-branding to more closely align with the @NFL […]
SludgeFeed
Wall Street Market, the second-largest darknet market in the world in recent months, has been shut down by international law enforcement agencies, including Europol as well as U.S., German, Dutch and Romanian law enforcement. Three suspected operators of the online marketplace for illegal goods and services have been arrested in Germany, while some of the highest-selling suppliers of narcotics were arrested in the United States.
Since the very start, people have lost bitcoins due to human error. Mislaid wallets, forgotten passwords, broken hard drives, hacks, and scams have conspired to remove over 20% of all BTC from circulation by some estimates. The dubious accolade for the first major bitcoin loss goes to forum member Stone Man, who, on August 10, 2010, managed to permanently erase his access to almost 9,000 BTC.
Dogecoin (DOGE), the popular meme-based cryptocurrency, recently became the latest altcoin listed on Huobi Global. It’s official: Huobi Global lets the #dogecoin out! Deposit your Dogecoin ( $ DOGE) now! Details here: https://t.co/uD2q4Uo04o@dogecoin @ummjackson @elonmusk #HAPPENINGNOW #cryptocurrency #HuobiGlobal pic.twitter.com/lwtPNQYuYN — HuobiGlobal (@HuobiGlobal) April 4, 2019 According to the announcement, DOGE/USDT, DOGE/BTC and DOGE/ETH trading and withdrawals became […]
SludgeFeed
Nexo (NEXO), a cryptocurrency-backed loan platform, revealed on Friday that investors can now earn up to 6.5% interest on major stablecoins stored on the platform. Earn Interest on DAI, PAX, USDC, USDT & TUSD: – 6.5% p.a. compounding interest, paid out daily – Fully automated & available for all Nexo Wallets – No minimum amounts […]
SludgeFeed
Avnet has become the latest major enterprise to begin accepting payment in bitcoin and other cryptocurrency. On March 19, 2019, the company announced that it will allow customers to pay for goods and services using bitcoin and bitcoin cash. Crypto payment processor BitPay will facilitate the transactions.
Founded in 1921, Avnet is one of the oldest major American electronics companies. With more than 15,000 employees and net income north of $ 250 million, it’s also one of the country’s larger technology firms. Today, its business centers around helping to design and manufacturer electronics for other companies.
On the heels of recent commentary from the published correspondence between Securities and Exchange Commission (SEC) chairman Jay Clayton and representative Ted Budd, SEC senior advisor Valerie Szczepanik explained at Austin’s SXSW conference that stablecoins may be violating current securities laws.
Also read: Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards
Over the last two years, stablecoins have become an extremely hot topic while becoming popular vehicles for hedging against the volatility tied to cryptocurrency markets. Tether (USDT) has been king of the stablecoins for a while, and recently made headlines for a revision to the company’s website. The change caused uproar within the cryptocurrency community because instead of confirming that each Tether is backed by one USD, the terms were substantially revised.
A new set of reports by the Organized Crime and Corruption Reporting Project, compiled from over 1.3 million leaked transactions from 238,000 companies, have linked many major banks to a scheme to channel billions of dollars out of Russia. The Troika Laundromat is unique in that “it was created by a prestigious financial institution.”
Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval
The Organized Crime and Corruption Reporting Project (OCCRP), a non-profit media organization, published a set of reports this week detailing a complex money laundering scheme “to channel billions of dollars out of Russia” which it and Lithuanian news site 15min.it uncovered.
March is slated to be a very active month for upcoming crypto events, with a number of major blockchain projects launching testnets and mainnets. These launches are something every investor should actively monitor, as pre-launch rallies have been fairly common in recent months. Here are some of the major upcoming events in March: Insolar (INS) – […]
SludgeFeed
Following our initial report that suggested that Nike (NKE) had entered into its first esports deal with the Chinese League of Legends Pro League (LPL), the athletic giant came out today to officially announce a four-year deal with the league. LPL x Nike Starting from the 2019 Mid-Season Invitational, you can purchase @Nike and LPL […]
SludgeFeed
Chinese video game publishing giants, Tencent (TCEHY) and NetEase (NTES), reportedly saw a major surge in mobile gaming revenue from outside of China in 2018. According to a recent report by IHS Markit, Tencent and NetEase’s combined international mobile revenue increased 505% in 2018 to $ 472 million. The growth in global revenue coincides with China’s […]
SludgeFeed
Effect.AI (EFX), a startup developing a decentralized network for artificial intelligence and AI related services on the blockchain, recently revealed that it is planning to migrate from NEO (NEO) to EOS (EOS). Rumor finally confirmed! We’re excited to announce that https://t.co/Zp35M5kT00 will build The Effect Network on EOS; a necessary step in our quest for […]
SludgeFeed
Binance, the world’s largest crypto exchange, announced Thursday that it has added several stablecoin trading pairs for BitTorrent (BTT), which recently completed its token sale on the Binance Launchpad. #Binance Adds BTT/PAX, BTT/TUSD and BTT/USDC Trading Pairshttps://t.co/vOO3HcJbKy pic.twitter.com/uBe3ljjElt — Binance (@binance) February 14, 2019 According to the announcement, Binance has added PAX, TUSD and USDC […]
SludgeFeed
SatoshiPay, a startup that offers a frictionless micropayment solution to help digital publishers monetize content on the Stellar (XLM) blockchain, has partnered with Axel Springer, one of the largest digital publishers in Europe, to monetize Axel Springer content. 📢 We are happy to announce our cooperation with Axel Springer, Europe’s largest digital publishing house! @axelspringer […]
SludgeFeed
January proved to be a fairly uneventful month after several highly-anticipated events like the launch of Bakkt and Ethereum’s fork were delayed. However, February is looking like it could bring some excitement back to the market, so we decided to breakdown 3 events we’re keeping tabs on. To read this article you must be a […]
SludgeFeed
Micropayments startup SatoshiPay has partnered with Europe’s largest digital publisher to integrate blockchain payments for content.
CoinDesk
