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 […]
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Bitcoin Accepted as Payment Option by Major US Electronics Company
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.
Stablecoins Are Threatened by These Two Major Issues
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
Stablecoins May Live in the Land of Securities
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.
1.3 Million Leaked Transactions Link Major Banks to $8.8 Billion Money Laundering Scheme
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
$ 8.8 Billion Money Laundering Scheme
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.
Major Cryptocurrency Events to Keep an Eye on in March
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) – […]
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Confirmed: Nike Signs First Major Esports Deal With Chinese LoL Pro League
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 […]
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Chinese Game Publishers See Major Growth in Global Mobile Revenue
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 […]
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ICYMI: Major NEO Dapp Effect.AI Plans to Migrate to EOS (EOS)
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 […]
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Binance Adds Major Stablecoin Pairs for BitTorrent (BTT)
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 […]
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Major European Digital Publisher to Start Accepting Stellar (XLM)
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 […]
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3 Major Altcoin Events to Keep an Eye on in February
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 […]
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SatoshiPay Integrates Blockchain Payments for Major European Publisher
Micropayments startup SatoshiPay has partnered with Europe’s largest digital publisher to integrate blockchain payments for content.
CoinDesk
Bitcoin Price Analysis: Major Support Broken on Expanding Volume and Spread
After weeks of consolidation, bitcoin finally broke through support. The market now finds itself cruising toward prior lows. On expanding volume and spread, the bitcoin market appears ripe for a continuation of the downtrend:
Figure 1: BTC-USD, Daily Candles, Broken Support
Although the current daily candle has yet to close, unless there is a strong influx of demand hitting the market, it stands to reason that bitcoin will be closing a new daily low for the first time since mid-December. Following the stopping action in the low $ 3,000s, the bitcoin market remained coiled for over a month. However, today marks the first break of these levels once marked as support. To illustrate how coiled the market was and how potentially large the following move could be, check out the 3-Day Bollinger Bands (bbands):
Major Esports Organizations Denounce Toxic Gaming Culture
North, a Danish esports organization and the esports affiliate of F.C. Copenhagen and Nordisk Film, recently highlighted the ongoing toxicity issues that are plaguing the esports and gaming community. Hey CS:GO community, We have something we need to talk about. This is not okay. – Not to us – Not to our players– Not to our opponents– Not to TOs– […]
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Major Apple Supplier Foxconn Denies Mass Layoff Rumors to Hire 50,000 Workers in China
By CCN.com: Foxconn, one of Apple’s largest suppliers, has refuted allegations that it is preparing for mass layoffs. Instead, the Taiwanese-based contract manufacturer has said that it has over 50,000 open positions in China for which it is trying to recruit this quarter. In a stock exchange filing reported by Reuters, Foxconn indicated that the
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Delta Releases Version 2.0, Adding Major Crypto News Sources
Delta, a leading crypto portfolio app available both for desktop and mobile devices, announced the release of version 2.0 on Thursday. 🚀🚀 Today we’re super proud to unveil our Delta 2.0 release. ‘News & Direct’ is the highlight of the release, combining Delta Direct & accredited news sources into a personalised feed. + we redesigned […]
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Turkish Crypto Exchange Sistemkoin’s Disturbing Security Flaw Reveals Major Withdrawal Complaints
By CCN.com: Turkish crypto exchange Sistemkoin had done $ 68 million in volume over the 24-hour period at time of writing. However, according to a report from a user and security researcher, there are significant security problems with the exchange. There are two aspects to our anonymous tipster’s report. First, anyone with a program called Burpsuite and … Continued
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‘Major Announcement’: Is Donald Trump Preparing to Declare a National Emergency to Gain Wall Funding?
U.S. President Donald Trump has promised to make a ‘major announcement’ on Saturday afternoon. This comes as the partial government shutdown nears the one-month mark. Without going into much detail, Trump said the focus of the announcement would be on the partial government shutdown and the ‘Humanitarian Crisis on our Southern Border’: I will be
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Cryptopia Suffers Major Hack Resulting in “Significant Losses”
New Zealand-based altcoin exchange Cryptopia reportedly suffered a major security breach Monday that resulted in “significant losses.” In response, the exchange has gone into an indefinite maintenance mode. While little else is known beyond what was revealed in the announcement, the language indicates that the attack could sideline the exchange for an extended period of time. Cryptopia has […]
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Calling Crypto a ‘Harsh Mistress,’ ShapeShift Announces Major Layoffs
ShapeShift exchange has become the latest in a string of cryptocurrency and blockchain companies to announce major layoffs due to the ongoing cryptocurrency bear market. In a Medium post entitled “Overcoming ShapeShift’s Crypto Winter and the Path Ahead,” Erik Voorhees detailed several different factors behind the change of course and stated that one-third of the
The post Calling Crypto a ‘Harsh Mistress,’ ShapeShift Announces Major Layoffs appeared first on CCN
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