Cryptocurrency

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In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea. Decentralized financial system, decentralized torrent tracker, decentralized office documentation system. Decentralized, decentralized, decentralized. The overuse of terms like “transparent,” “distributed” and “blockchain-based” soon made most press papers look generic. The closer we got to the peak of the Bitcoin price at the end of 2017, the more absurd the names of new projects became: “Ethereum-based payment system for slaughterhouse industry workers,” “decentralized blockchain-based dwarf horse breeding platform,” “peer-to-peer personal banking service for divorced blind people,” and so on. Who would ever need any of that, one might ask. Well, in many cases, nobody. Of the several thousand cryptocurrencies launched since the spread of blockchain technology, only about 30 are currently of any...

Investing in cryptocurrency may seem like a huge gamble, but the bet has paid off tremendously for those who invested in the right type of crypto at the right time. In November of 2015, you could buy a single Bitcoin for a little over $300, yet a single coin now trades for over $12,900 (as of this writing). If you remember, a single Bitcoin traded at close to $20,000 in December 2017, which makes it easy to see why investors young and old remain eager to get involved regardless of the risk involved. The reality is that, whether you want to admit it or not, many have gotten rich with cryptocurrency, and others still see it as a way to diversify their investment portfolio outside of traditional stocks and bonds. And if you have cryptocurrency for the purpose of building wealth or diversifying, you should know that cryptocurrency savings accounts can help boost your investment yield even more. SOPA Images/LightRocket via Getty Images What Is A Cryptocurrency Savings Account? R...

LONDON , Nov. 2, 2020 /PRNewswire/ -- Huobi Group today announced expanded support for Visa and Mastercard transactions on its digital asset exchange Huobi Global. The new payment service is being provided by Huobi Technology ( Gibraltar ) Co., Ltd ("Huobi Gibraltar"), a regulated DLT firm by the Gibraltar Financial Services Commission, and enables users to use their credit or debit cards to purchase cryptocurrencies directly through the Huobi Global user interface—without being redirected to a third-party portal.  Huobi Global previously supported Visa and Mastercard transactions through other payment service providers but the onboarding process required users to complete Know Your Customer (KYC) from a separate interface. User onboarding, including KYC, is conducted by Huobi Gibraltar but the new integration allows users to register and transact from a single interface, creating a seamless user experience and making it quicker and simpler to start trading digital assets. ...

In this photo illustration of the ripple cryptocurrency 'altcoin' sits arranged for a photograph on April 25, 2018 in London, England.  Jack Taylor | Getty Images News | Getty Images LONDON — Ripple, the $10 billion financial technology company best known for cryptocurrency XRP, is considering relocating its headquarters overseas due to frustration with the U.S. regulatory environment. The San Francisco-based firm's CEO Brad Garlinghouse, who says he visited London only last month, told CNBC that U.K. markets watchdog the Financial Conduct Authority doesn't deem XRP a security — a key source of contention in its home market. Other regions had provided similar assurances, he added. "What you see in the U.K. is a clear taxonomy, and the U.K.'s FCA took a leadership role in characterizing how we should think about these different assets and their use cases," Garlinghouse said. "The outcome of that was clarity that XRP is not a security and i...

Members of Spain’s lower house of Congress saw a surprise in their inboxes, the equivalent of 1 euro in crypto. As reported by Spanish news outfit ABC, the plan is spearheaded by Tutellus, a decentralized platform looking to tokenize education technology, and the Blockchain Observatory. The project aims to promote the use of cryptocurrencies in the country.  All 350 members of Spain’s lower house, or the Congress of Deputies, received the equivalent of 1 euro in cryptocurrency in their emails. Miguel Caballero, Tutellus founder, said the goal is to raise awareness about the future role of cryptocurrencies in society: “We have explained to your honorable members that we are in a time of profound change in the use of money, in addition to highlighting the important role that cryptocurrencies have today.” Caballero said the cryptocurrency “is not a donation” and acknowledged that some congress members might be more familiar with crypto. But for those who no experience with cryp...

I started exploring Bitcoin first in 2012 and, still today, I am fascinated by the opportunities and future potential digital assets pose as an emerging alternative asset class. One of the most relevant recent developments, which is often not covered, is the emergence of crypto hedge funds. Compared to the early days of crypto assets, when there were mainly private investors or traders in the space, a massive inflow of professionals entering the market has begun with the emergence of crypto hedge funds. In fact, looking at data from 150 of the largest global crypto hedge funds, 63% were launched in 2018 and 2019, according to a survey by Big Four audit firm PricewaterhouseCoopers and Elwood Asset Management Services earlier this year. Related: Today’s cryptocurrency trusts and hedge funds amid financial crisis It is all about the performance Based on the annual PwC–Elwood Crypto Hedge Fund Report, the most common crypto hedge fund strategy is quantitative (48% of funds), followed...

Apple Inc. has censored some cryptocurrency features of the Coinbase app. Specifically, Apple has blocked Coinbase from adding to its iOS app the ability to earn money using cryptocurrency and access to decentralized finance (Defi) apps. Apple vs. Coinbase Cryptocurrency exchange Coinbase has been struggling to get some functionalities approved for its iOS app, CEO Brian Armstrong detailed his company’s experience dealing with Apple Inc. on Friday. “In the wake of other companies struggling with Apple’s App Store restrictions, I want to share a bit about Coinbase’s own struggle here,” he began, elaborating: Here is the issue. Apple has told us we cannot add the following functionality in our iOS apps: (1) the ability to earn money using cryptocurrency and (2) the ability to access decentralized finance apps (sometimes called Defi apps or Dapps). “We’ve tried discussing this through regular channels with Apple, and I reached out directly to leadership to request a dialog, but w...

The Takeaway: Anubis is a new malware that can target cryptocurrency wallets and other sensitive data. It first became available for sale in darkweb markets in June, and Microsoft has now seen limited attack campaigns using it. Experts recommend not visiting sketchy websites or opening strange or suspicious attachments, links or emails. Increasing interest cryptocurrencies, such as we’ve seen in recent months, usually sparks interest in new users who can be particularly susceptible to these kinds of attacks.  A new form of malware called Anubis is now out in the world after being circulated for sale on cybercrime dark markets in June, according to Microsoft Security Intelligence. Using forked code from Loki malware, Anubis can steal cryptocurrency wallet IDs, system info, credit card information and other data.  Importantly, this malware is distinct from a family of Android banking malware also called Anubis.  It joins a growing list of malwares that look f...

Crypto cards have become a must-have for many crypto services. Hoping to reduce the risk of blocking transactions, companies have been looking again and again for reason why their customers should use “plastic.” But a crypto card is a placebo that does not solve the problems of either users or fintech companies — its only goal is to bring profit to payment systems and intermediaries. Crypto cards are not needed in the same way that special financial instruments are not needed to buy gold, oil, precious metals or any other resource. The word “cryptocurrency” — like “dollar” or “euro” — indicates only the currency for transactions with which the card can be used and does not make the banking product any more innovative. However, until banks and payment systems recognize this, we will be forced to eliminate the consequences of cooperation with Wirecard, WaveCrest and other processors that aren’t the most conscientious, wanting to make money by taking risks but without being able to mana...

As Bitcoin (BTC) price continues to trade in a tightening range, the altcoin market has been pushing higher each week, and the most recent surge has come from Chainlink (LINK). After breaking above the $5 level, LINK price surged nearly 100% in a matter of days and ended by making a new all-time high at $8.40. Through this massive push, LINK surpassed EOS (EOS) and Crypto.com (CRO) to claim a spot among the top-ten cryptocurrencies listed on CoinMarketCap. Investors are now curious to see if Tezos (XTZ) will continue to follow LINK and there are expectations that other altcoins will also follow LINK’s upward trajectory. Crypto market daily performance. Source: Coin360 What pushed LINK price to $8.50? LINK has proven to be one of the strongest movers in the cryptocurrency markets of recent years. This was proved once again as the cryptocurrency broke above the previous all-time high of $5 and surged with 85% towards $8.50. LINK/USDT 1-day chart. Source: TradingView In the previ...

Bitcoin and cryptocurrency investors, feeling bullish amid a broad post-coronavirus crash rally, are seeing massive gains from some smaller cryptocurrencies. The bitcoin price, under pressure since its latest attempt to breach the $10,000 per bitcoin level last week failed, is stuck on a downward trend—but other digital assets are soaring. Following its launch just this week, decentralized finance protocol Compound’s comp token has surged around 250%, giving it a market value of around $2 billion, according to some calculations. MORE FROM FORBES Coronavirus Has Revealed 'Holes Within Traditional Financial Systems'-And Demand For Bitcoin Is Suddenly 'Surging' By Billy Bambrough The bitcoin price has added some 30% so far this year but bitcoin's recent rally has stalled-even as ... [+] some smaller cryptocurrencies are making massive gains. SOPA Images/LightRocket via Getty Images Users of the Compound lending platform began earning comp tokens this week, w...

Instantly add cash to your Crypto Dispensers account with Green Dot @ the Register Chicago, IL – Virtual Assets, LLC is pleased to announce that it has entered into an agreement with Green Dot Corporation (NYSE:GDOT) to enable customers to purchase cryptocurrency with cash. This new service leverages Green Dot’s mobile and web-enabled barcode generation system and thousands of Green Dot retail locations to provide a new cash-loading option for purchasing major cryptocurrencies. Through this integration, users will now be able to securely and conveniently add cash to their Crypto Dispensers accounts at thousands of participating retailers. Crypto Dispensers, an online cryptocurrency exchange platform provided by Virtual Assets, has started to invite users to register on their new website. The site has been designed to offer investors an innovative medium to purchase major cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin, with fiat money. Created with the user experienc...

Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada. June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June 2019 to address holes in the then-existing framework. Candian crypto firms must now report all transactions exceeding 10,000 Canadian dollars ($7,403), and register and comply with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Recognition brings relief On May 29, the CEO of Canadian crypto asset exchange BullBitcoin, Francis Pouliot, tweeted: “Today is my last day as an unregulated dealer in virtual currency. As of June 1, 2020, Bitcoin exchanges and payment processors are officially regulated as Money Services Businesses in Canada.” Pouliot had spent over half a decade fighting for legitimate recognition for Canada’s crypto sector, having joined the Bitcoin Foundation Canada as its dire...

Hardware at the DeeCrypto retail store selling cryptocurrency mining equipment by such brands as ... [+] Bitmain, GPU, KeepKey, Embedded Downloads and Ledger now at risk as new law will make it harder for miners, others. (Photo by Artyom Geodakyan\TASS via Getty Images) Getty Russia’s State Duma hates bitcoin, ether, ripple, you name it. If it is not the ruble, or a currency issued by a state, Russia’s government is not into it. The government posted an updated version of their new draft law “On Digital Financial Assets” on Monday for public comment, along with it additional documents that significantly change the way cryptocurrency is regulated in Russia. Breaking the rules comes with legal penalties now. But the good news is, Russians don’t have to give up their fixation on cryptocurrencies. The law, which is not a major shift in tune from The Kremlin or the Central Bank in regards to official positions on privately issued crypto currencies, does however prohibit th...

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This week’s headlines from Japan included Taotao exchange revealing positive first year numbers, the Japan Crypto Trading Association unveiling crypto asset market rates, Coincheck announcing recent positive fiscal year totals, and Cointelegraph diving into the scene around several exchanges in Japan.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Taotao exchange sees soaring volume Taotao, a crypto exchanged backed by Yahoo Japan, saw rising customer figures during Q1 2020, seeing over 7,000 total users by the end of March 2020. Glossing performance from a fiscal year that ended on March 31, data shows the exchange has seen significant growth since its May 2019 inception.  The outfit also posted $509,955,392 USD in exchange volume during its first year. Japanese self-regulatory group posts pricing Japanese self-regulatory group, the Japan Crypto Trading Association, or JVCEA, now publicly shares the...