Category: crypto

Coinbase Reveals Its Procedure for Handling Contentious Forks

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On Feb. 20, the San Francisco-based cryptocurrency exchange Coinbase gave the public an inside look at how the company deals with contentious forks. Coinbase engineer Breck Stodghill specifically discussed how the trading platform dealt with the Bitcoin Cash (BCH) split on November 15, 2018. Also read: ‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day Replay Attacks, Protection, and ‘Dust Mixing’ Over the last few years, cryptocurrency enthusiasts have gotten used to the idea of forks and subsequent blockchain splits ever since the Ethereum network bifurcated in 2016.…

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Russia: Oil-Backed Cryptocurrency in ‘Final Stage of Development’

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Russia’s State Duma is reportedly planning to review and adopt a cryptocurrency law to facilitate the creation of an oil-backed cryptocurrency. Russia to Adopt Cryptocurrency Law Russia’s lower house of the Federal Assembly, otherwise known as the State Duma, is reportedly planning to review and adopt a cryptocurrency law in March. Oleg Nikolaev, a member of the Economic Policy Committee at the State Duma, says that the process is in its final stage of development and that, once approved, it will provide grounds for further development of blockchain technology and…

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Indian Trade Association Nasscom Calls for Fast Crypto Regulation to Drive Growth

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The Indian National Association of Software and Services Companies (Nasscom) has released a report that calls for regulatory certainty, particularly in areas such as cryptocurrency. The lack of legal clarity and the crypto banking ban have hindered investments in this sector, hurt crypto exchanges, and driven investors out of the country, according to the association. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Regulatory Certainty Needed At Nasscom’s flagship Technology and Leadership Forum held from Feb. 20-22 in Mumbai, Vice President Sangeeta Gupta unveiled key highlights from…

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CME Bitcoin Futures Volume Soars Amid Buoyant Price

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The Bitcoin price caused CME Group to set new daily trading records for its Bitcoin Futures this week, the company confirmed citing its public statistics. CME Futures: Rags To Riches In 2 Weeks After Bitcoin price (BTC) 00 rose to almost $4000 within 24 hours, CME saw a daily all-time high of over 18,000 contracts trading on February 19. The data confirmed the correlation between futures activity and price, with BTC/USD since halting its advance to hover around $3970. The activity bucks a trend, which had dogged futures providers as…

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Latin America’s Biggest Investment Bank Launches Security Token

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Banks once refused to work with blockchain companies in Brazil. Now, BTG Pactual, Latin America’s largest standalone investment bank, is launching a security token of its own. A Wave of Change in Brazil There seems to be a wave of change happening in Brazil. Bitcoinist reported just a few days ago that Santander Bank was ordered by a Court to keep open Bitcoin Max’ checking account. Banks that were once hesitant to work with cryptocurrency exchanges are being forced to eat humble pie. That marked a small victory for the…

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In the Daily: Quadrigacx Transfer, Tokenized Bonds, Beam Investment, Rakuten Pay

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In this edition of The Daily, Canadian exchange Quadrigacx has transferred its remaining crypto funds to the court appointed monitor Ernst & Young. In Germany, the federal securities regulator Bafin has authorized an STO. Also, Beam has found a new investor and Rakuten plans to integrate cryptocurrencies into its mobile app. Also read: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud Quadrigacx Sends Cryptocurrency to Ernst & Young Troubled crypto exchange Quadrigacx has transferred its cryptocurrency holdings to the court appointed monitor Ernst & Young. According to the…

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Ethereum Price Analysis: Ether Takes a Breather Before Constantinople

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Ethereum price (ETH) appears to be taking a breather before attempting to tackle $150 and step up a level as the Constantinople hardfork upgrade looms.  Ethereum Price: Market Overview Ethereum price is going through a phase of consolidation after posting fantastic gains over the past week. 1-Hour Chart Currently, ETH 00 trades ever so slightly above the 20MA and the Bollinger Band indicator has begun to narrow as ETH attempts to enter the upper arm. The 1-hour chart shows the altcoin appears ready to attack the $147 and $149 resistance…

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Company Evades SEC Penalty Despite Illegally Issuing Security Tokens

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The U.S. Securities and Exchange Commission (SEC) has decided not to impose a penalty on a company that had issued security tokens without its approval and without qualifying for an exemption. The company raised approximately $12.7 million. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval No Penalty The SEC announced on Wednesday that it did not impose a penalty on Gladius Network Llc even though the company has been charged with conducting an unregistered initial coin offering (ICO). The agency wrote in its order: The Commission is…

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Another New Survey Suggests Millennials Trust Bitcoin Over the Stock Market

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Another fresh survey has concluded that millennials and younger generations are continually gaining interest in Bitcoin (BTC) and cryptocurrencies while there is a growing distrust towards the post-2008 global financial structure.  According to a new eToro survey of 1000 online traders, 43 percent of millennial online traders place more trust in cryptocurrency exchanges than the United States stock market. On the flip side, the vast majority of Gen X respondents feel the opposite. Millennials that trade crypto unsurprisingly have more trust in the nascent asset class than the stock market,…

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Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors

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A private bank in Liechtenstein has established a cryptocurrency trading platform for institutional investors. Balzers-based Bank Frick will offer the service through its new subsidiary DLT Markets AG. Also read: Irish Auctioneer to Sell off 315 BTC Seized by Belgian Police Investors to Gain Access to Multiple Cryptocurrency Markets According to a statement released by the bank on Feb. 20, DLT Markets will provide its customers with the infrastructural access to buy and sell digital assets from several exchanges. The company has said this “allows investors to trade and manage digital…

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