Crypto Noob 86 - Global Crypto Update Network: July 2019

Wednesday, July 31, 2019

Australia’s Two Leading Blockchain Advocate Groups Announce Merger

Two groups seeking to promote blockchain tech in the Asia-Pacific have officially merged to open up greater opportunities in the region.

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Investors Can Now Trade Ether and British Pounds on the Same Blockchain

LAB577, a team of ex-Royal Bank of Scotland engineers, has built a system for settling crypto and fiat trades on R3's Corda Network.

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NBA Partners With Firm Behind CryptoKitties for Crypto Collectible Game

The NBA has partnered with the crypto collectibles developer behind CryptoKitties to launch a new collectibles platform and competitive game

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Arizona to Test Marijuana-Oriented Stablecoin in State Fintech Sandbox

An Arizona startup is testing its stablecoin payments platform for the medical marijuana industry through the state’s fintech sandbox

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NBA and ‘CryptoKitties’ Creator Team Up to Launch In-Game Collectables

You can now buy in-season highlights from the NBA's biggest stars via the creators of CryptoKitties.

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Beating Bakkt, LedgerX Is First to Launch ‘Physical’ Bitcoin Futures in US

LedgerX has launched the first physically-settled bitcoin futures contracts in the U.S., beating Bakkt to the punch.

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Kraken Boosts Institutional Offerings With Acquisition of Dan Held’s Interchange

Cryptocurrency exchange Kraken has acquired Interchange, a startup offering a way for institutional investors to better manage their portfolios.

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Token Burning, Explained

Learn about token burning and see how this common practice helps coins remain sustainable and help the blockchain grow

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EU Bitcoin Bank Bitwala Received ~$14.5 Million in Funding

German Bitcoin bank Bitwala garners €13 million (almost $14.5 million) in funding

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Blockchain Ticketing Platform From Top Russian Airline Took $1 Million in July

Russia's second largest airline is touting the benefits of blockchain after a ticketing platform it developed raked in over $1 million in a month.

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Bitfinex, Tether Spent $500,000, Hired 60 Lawyers for Documents Order

Lawyers say responding to the order involved “one of the largest, most complex document collection and review effort in which undersigned counsel have ever participated.”

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Bitcoin on Track to Post First Monthly Price Loss Since January

Bitcoin looks set to end its five-month winning run with a 9 percent price drop in July.

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Sony Co-Leads €13 Million Raise for Crypto Banking Startup Bitwala

Bitwala raised almost $14.5 million in a Series A funding round led by Sony Financial Ventures and NKB Group.

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Crypto Markets See Second Day of Green, Bitcoin Above $9,700

Crypto markets are seeing widespread green, with Bitcoin breaking back above $9,700 and many large market cap altcoins seeing solid gains of between 3 and 9% on the day

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Bahrain Crypto Exchange Gets Central Bank License in Middle East First

Bahrain licenses Middle East’s first compliant crypto exchange

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UK Financial Watchdog Issues Full Guidance on Crypto Assets

The U.K.'s Financial Conduct Authority has finalized its guidance on crypto assets following a consultation which began in January.

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Fold App Adds Bitcoin ‘Kickbacks’ for Purchases at Target, Starbucks

Mobile shoppers can earn bitcoin for purchases from Amazon, Starbucks, and Target, just to name a few.

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1 in 5 European Crypto Holders are Women, New Report Reveals

While fresh data confirms that the crypto community continues to be male-dominated, the gender imbalance may be less extreme than previously thought

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Cryptocurrency Regulation Necessary to Keep Firms in US, Says Circle CEO

Circle: US will have to address the issue of innovation moving abroad

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Blockchain Insurance Group B3i Launches First Product on R3’s Corda

B3i, a consortium startup working to use blockchain tech in the insurance industry, has launched its first product on R3's Corda platform.

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Chinese Mining Giant Becomes ‘First’ To File US IPO: Unconfirmed Report

Report claims Bitmain will not be first mining giant to IPO in US

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Bitcoin Miner Maker Canaan Confidentially Files for IPO in US: Report

Canaan Creative, the major bitcoin miner manufacturer, has confidentially filed for an IPO in the U.S., say IFRAsia sources.

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Tuesday, July 30, 2019

Crypto Exchange Rain Raises from BitMEX, Opens Trading In Middle East

BitMEX Ventures-backed crypto exchange Rain opens for business following a two-year sandbox program under Bahraini central bank

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Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia

An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals.

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Tezos Rallies Following Coinbase Announcement, Major Tokens Up Slightly

Tezos saw a price spike following news of its listing on Coinbase Pro, while other major coins are seeing modest daily gains

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WATCH: Metal Pay CEO Says He Isn’t a Bitcoin Maximalist

Cypherpunk and CEO of Metal Pay, Marshall Hayner, thinks regulation is coming one way or another and that the best thing to do is keep an open mind and get educated.

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Overstock to Pay Its Shareholders a Dividend in tZERO Tokens

The digital dividend, Series A-1, will be paid in a ratio of 1:10 to the company's common stock.

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Crypto Exchange and Custodian Smart Valor Goes Live in Switzerland

With $3.25 million in new funding, Smart Valor says it's launching the first regulated bitcoin exchange in crypto-friendly Switzerland.

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Greek Billionaire Launches Hemp-Backed Token and Dedicated Exchange

Cannabis-backed token SWX Coin launched by Greek billionaire and television director Alki David and his Swiss consortium

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Bitcoin Falls Under $9,600 as Most Altcoins See Major Losses

Bitcoin fell below the $9,600 mark as most of the top 20 cryptocurrencies are reporting losses on the day as of press time

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YouTube’s ‘Bitcoin and Friends’: Why Satoshi Should Never Be Revealed

Cointelegraph head of news Molly Jane Zuckerman interviewed Bitcoin himself, in the most recent of a series of interviews

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New SFOX Report: Don’t Call Ethereum an ‘Altcoin’ Anymore

Ether may not be an altcoin anymore, according to institutional cryptocurrency exchange San Francisco Open Exchange

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Bitcoin Price Crashes $800 in Minutes as Bears Eye $9K Support Next

Bitcoin price sheds $10,000 as “Bart Simpson” trend line appears

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Bitcoin-Friendly Square Cash App Stock Price up 56% in 2019

A Bitcoin giveaway has been announced by Cash App, the payments app of San Francisco-based payments company Square

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Bitcoin Price Retakes $10K as Fresh Data Supports Giant $300K+ Bull Run

Bitcoin price back at five figures ahead of US dollar weakness

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Bank of China’s New Infographic Shows Why Bitcoin Price Is Going Up

An infographic illustrating what is Bitcoin, how it works, and why it is valuable has been recently published by a major Chinese bank

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Lightning Network Dev Announces Alpha Version of Node Monitoring Tool

Lightning Labs has released an early version of a node management tool which lets users monitor network activity

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Bitcoin Price Circles $9,500 as Futures Settlements Form New Bear Factor

Bitcoin price eyeing catalysts for change as stagnant trading continues

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Monday, July 29, 2019

Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily.

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Project Manager at Square Crypto Stresses Focus on Bitcoin in Twitter AMA

Steve Lee says Square Crypto’s goal is “Bitcoin for all,” but other complementary tech and use cases may receive attention too

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Crypto Trader XBTOI Snags Bermuda License`

Crypto finance solutions may be finding lower regulatory hurdles abroad as one of the most venerable exchanges takes to the islands.

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Prime Trust Launches Instant Settlement Network for Crypto-Fiat Trades

Nevada-based Prime Trust has launched a real-time settlement service for crypto and fiat transfers among clients.

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US Defense Dept. to Experiment With Blockchain-Based Security

The U.S. Department of Defense has put blockchain on its four-year roadmap for cybersecurity improvements

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US Moves Closer to Accepting Blockchain, Still Uncertain Over Crypto

U.S. lawmakers appear to be moving forward with Blockchain Promotion Act passing in both houses of Congress, with a working group established

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SWIFT Vs. Ripple — The Importance of Speed in Cross-Border Payments

Will correspondent banking be phased out in favor of more instantaneous blockchain-based cross-border payment systems?

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Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks?

Does America’s second-largest bank want to stay relevant or to freeze out prospective competition from the blockchain side?

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Crypto Community Reaction to Facebook Libra US Congressional Hearings

How does the blockchain industry feel about the two days of Congressional hearings over Facebook’s Libra

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Facebook Libra Not Avoiding US Regulators, Switzerland a Better Fit

No, Congress, Libra is in Switzerland simply because it’s better for crypto than the United States

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Bitcoin Is Property, Chinese Court Rules — No Crypto Ban Contradiction

Bitcoin is virtual property, a Chinese court has ruled. Will it change the country’s famously bearish attitude toward cryptocurrencies?

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Blockchain in the Telecoms Industry: Revolutionizing Cell Phone Usage?

Telecommunications is another industry that blockchain could turn upside-down

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VpnMentor Finds Sensitive Data Leak in Crypto Loan Platform YouHodler

VpnMentor has found and corrected a security breach in YouHodler’s platform that potentially exposed over 86 million records

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Bitcoin Not Moved for at Least Five Years Is at an All-Time High

Cryptocurrency data website Coinmetrics reports that the amount of Bitcoin held for at least five years is at an all-time high

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Most Germans Skeptical About Facebook’s Libra, Only 12% Welcome It

A recent survey shows that 71% of German citizens are skeptical towards Facebook’s Libra stablecoin, while only 12% welcome it

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Abra Restricts Americans From Holding EOS and 4 Other Altcoins

Abra will restrict U.S. users from holding EOS and other altcoins in August due to escalated regulatory uncertainty in the country

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IRS Sending 10,000 Tax Compliance Letters to Crypto Investors

The Internal Revenue Service is sending letters to crypto investors to apparently scare them into accurately reporting their crypto-related income

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Huobi to Launch Regulated Thailand-Based Crypto Exchange in Q3 2019

Huobi’s Thailand-based subsidiary has sealed the country’s fifth official license to operate a fully-regulated digital asset exchange

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South Korean President Stresses Regulatory Innovation for Blockchain

South Korea’s President Moon Jae-In says that regulatory innovation in regard to blockchain is now a question of survival

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Germany: Crypto Businesses Will Require a BaFin License Next Year

German cryptocurrency businesses to hold a BaFin-issued license starting next year

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Facebook and Swiss Regulators: A Continuing Saga

Swiss privacy regulators have said that Facebook is lagging in its response to requests for more liaison regarding Libra

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US Senate to Hold Debate on Crypto, Blockchain Regulatory Frameworks

The United States Senate Banking Committee is set to hold a broader debate on crypto and blockchain regulatory frameworks next week

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Bitcoin Is Property, Chinese Court Rules — No Crypto Ban Contradiction

Bitcoin is virtual property, a Chinese court has ruled. Will it change the country’s famously bearish attitude toward cryptocurrencies?

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Circle Expands to Bermuda to Offer New Services to Non-US Clients

Circle has launched a new subsidiary in Bermuda to serve non-American Poloniex customers, stressing U.S. regulatory limitations

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CFTC Probe of BitMEX a Result of Roubini Vs. Hayes Taipei Tangle?

”The U.S. government is not the only game in town.” Can Arthur Hayes of BitMEX survive the reported CFTC’s investigation?

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Indian Gov’t Panel Recommends a Blanket Ban on Cryptocurrencies

An Indian government panel reportedly recommended a ban on cryptocurrencies

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‘Open to Massive Fraud’ — British MP Wants to Probe Facebook’s Libra

Damian Collins, a senior official at the British Parliament, said that Libra will be open to massive fraud

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Wednesday, July 31, 2019

Tuesday, July 30, 2019

Monday, July 29, 2019

Sunday, July 28, 2019