International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH, but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from…

Read More

Sunday Digest: Bitcoin Price, $8k Is Bakkt, OKEx Gets The Hump

This week, the creator of the labradoodle canine cross-breed said it was his “life’s regret.” Which suggests that he has already taken the opportunity to stock up on bitcoin following this week’s price drop. Bitcoin Price: Down Again But Still Not Out Not a great week for BTC price, but not the disaster that some would claim. We started the week with the threat of a drop as low as $7200. Meanwhile, analyst Alex Krüger was looking at triangles and pronouncing bitcoin more robust than during the 2018 bear market. A…

Read More

Bankers Start to Recognize Bitcoin’s Role in Financial Evolution

Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and move to catch up with it before it’s too late. Cryptocurrencies bring financial evolution that’s hard to ignore anymore. Also read: The Number of Cryptocurrency Wallets Is Growing Exponentially Central Banks Have No Tools Left…

Read More

Bitcoin Price Analysis: BTC Could Bounce Off $7200 Support

Bitcoin (BTC) price clearly broke through key support levels at $9,500 recently, as shown in my previous analysis and has since dropped to $7,700 losing almost 19% of its value within the last few days. Bitcoin Daily Price Analysis On the 1 day chart for XBT/USD, we can see that price levels broke down below the asymmetrical triangle within the last few days. Since then RSI on the daily has turned oversold as momentum plummets below the 20.00 region. Volume candles have created a descending formation visible from the lower…

Read More

Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom

Our newsdesk recently caught up with Bitcoin.com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around 90 BCH-based gatherings in a number of different countries. Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash Growing the Bitcoin Cash Community There are numerous ways people can learn about cryptocurrencies and blockchain technology and most of the time individuals research these subjects online.…

Read More

How to Plug Intermediary Proliferation in the Bitcoin Ecosystem?

bitcoin is a cultural movement. bitcoin is for people. bitcoin is about principles. …or at least, this is the proposition that CoinShares Chief Strategy Officer, Meltem Demirors, put forward in a recent Twitter thread. In it she poses the question, “how do we allow for more [Bitcoin] participation through intermediaries without losing the message?” Not Your Keys, Not Your Bitcoin Demirors points out the dichotomy between the bitcoin community’s ideals and the reality of much of the industry. As a community, we value qualities like choice and access, self-sovereignty, privacy and consent, and we seek…

Read More

Hidden Lightning Network Bug Allowed Spending of ‘Fake’ Bitcoins

A bug discovered in the Lightning Network in June, which allowed lightning bitcoins not backed by actual bitcoins to be spent, has officially been addressed in a new dev full disclosure report released on Friday. The problem has reportedly been remedied, but the security oversight casts doubts on an already heavily scrutinized protocol, and whether a proper release of LN anytime soon is actually feasible. Also Read: Traders Bemoan New Localbitcoins Identity Requirements Lightning Bug in June On June 27, developer Rusty Russell discovered the security flaw while running tests…

Read More

XinFin, Black Tier Solutions and Blockchain at Michigan Announce Joint Partnership

Black Tier Solutions announced a partnership with Blockchain at Michigan. Black Tier Solutions will be responsible for assisting the University of Michigan Blockchain group to develop a tokenized student rewards program and a tokenized gaming platform using XinFin Hybrid technology. “The University of Michigan produces some of the most talented developers in the country and they have an unparalleled interest in blockchain. This initiative is a first of its kind here in the United States and we are thrilled to be a part of it” said Chris Neill, founder of…

Read More

SEC Commissioner Speaks Positively About Digital Assets Despite Recent Enforcement Flurry

The U.S. Securities and Exchange Commission (SEC) regularly draws the ire of crypto proponents who are frustrated at its failure to support innovation and entrepreneurship. Despite this, some have warmed to the agency’s opinionated commissioner Hester Peirce, who has adopted the moniker of “Crypto Mom.” At a compliance conference this week, Peirce spoke positively about crypto assets, expressing the belief that they could one day become “the money of the internet.” Also read: Venezuela’s Central Bank Indicates Plans to Stockpile Bitcoin Crypto Mom Draws Applause at Digital Asset Summit The…

Read More

Traders Bemoan New Localbitcoins Identity Requirements

Recent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might be coming this October. Also read: Software Engineer Reveals Oracle Creation Platform for Bitcoin Cash Localbitcoins Trade Volumes Correlate With the Corruption Perception Index But KYC/AML Isn’t Helping The Helsinki-based OTC bitcoin trading platform Localbitcoins.com…

Read More