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Latin America’s largest investment bank, Brazil’s Banco BTG Pactual S.A., has announced plans to launch Security Token Offerings (STOs) on the Tezos blockchain. The news marks a major step for the Tezos Foundation. $ 1 Billion Worth of Security Tokens to be Issued Banco BTG Pactual will work in collaboration with Dubai’s Dalma Capital “to host […]
The post Tezos Lands $ 1 Billion Security Token Deal with Major Brazilian Bank appeared first on CCN Markets
The global cryptocurrency market lost $ 58 billion in a flash crash on Thursday morning as bitcoin makes a retreat. The combined value of the world’s cryptocurrencies dropped from $ 386 billion to $ 328 billion – a 14.9% loss overall. Just hours previously Bitcoin had been flirting with the $ 14,000 mark; now, BTC is struggling to keep […]
The post Newsflash: Crypto Market Plummets $ 58 Billion as Major Coins Drop 30% in Bloodletting appeared first on CCN Markets
Algorand (ALGO), a new permissionless, pure proof-of-stake blockchain project, has taken the crypto world by storm over the past few days. Earlier this week, Algorand raised more than $ 60 million in a token sale where the project sold 25 million ALGO, the first in a series of planned sales that will gradually increase the circulating […]
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Cryptocurrency users are often forced to convert their coins to fiat in order to purchase items from leading retailers and ecommerce platforms such as Walmart and Home Depot, Amazon, Aliexpress, and Ebay. The hesitation of these merchants to embrace crypto payments has created a niche that’s being occupied by online businesses that are bridging the gap. They take care of your order, arrange the shipping and are willing to accept your electronic cash.
Also read: Latin America and Turkey Have the Most Cryptocurrency Users, Poll Shows
By CCN Markets: One of Africa’s largest insurers, Old Mutual, has announced it will no longer cover crypto mining equipment due to lack of regulation. After researching the industry, the Pan-Africanist financial group discovered a number of reasons that prompted it to make the decision that will not sit well with crypto miners. According to a local report, Old Mutual is convinced that the cryptocurrency industry is associated with cybercrime while the equipment used for crypto mining is highly modified and operates on a 24/7 basis, making it susceptible to malfunctions such as overheating. Old Mutual won’t cover crypto mining
Block.one, the startup behind the EOS (EOS) blockchain ecosystem, has a major announcement in store for June 1. According to the announcement’s teaser site, Block.one is gearing up to release a video that founder Dan Larimer has described as the “biggest news since [the] eosio announcement.” There has been a flurry of speculation as to what […]
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Ethereum (ETH) creator Vitalik Buterin thinks privacy is a missing ingredient of the largest smart contract-driven blockchain ecosystem. In a recent blog post, Buterin broke down the current state of transactions on the Ethereum blockchain and what he believes can be done to improve user anonymity. “Currently there are large privacy problems in the Ethereum […]
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Block.one, the startup behind the EOS blockchain ecosystem, is reportedly offering to buy back 10% of its stock, at a valuation of about $ 2.3 billion. According to a recent report by Bloomberg, Block.one’s current valuation is roughly 6,567% higher than its seed round valuation, meaning investors have the option to exit with a significant return. Block.one […]
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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 […]
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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 […]
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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 […]
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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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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.
