Category: Uncategorized

After announcing its plans to start offering TrueUSD (TUSD) trading on Friday, May 18th, at 4:00 am (UTC), Binance has postponed the launch of the USD-pegged stablecoin.  Delayed on the Launchpad Binance will no longer be launching TrueUSD (TUSD) trading on Friday, May 18th, at 4:00 am (UTC), as was originally planned. Instead, the hugely popular cryptocurrency exchange will start offering TUSD trading on May 22nd, at 4:00 am (UTC). The change apparently comes after an evaluation of the coin’s interest in the community brought forth concerns over having sufficient liquidity. Notes…

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On May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ as Genesis aims to provide significant BTC, BCH, ETC, LTC, ZEC, XRP, and ETH liquidity in the state. Also Read: Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features   DCG Backed Genesis Global Trading Granted New…

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On May 17 the Akari Global Foundation, an organization that aims to promote the increased adoption of Bitcoin Cash (BCH), launched a payment platform for BCH acceptance called Akari-Pay Advanced. The launch of Akari-Pay reveals a one-file BCH payment/donate page that doesn’t require any coding knowledge to utilize the platform. Also read: Federal Reserve Pres: People Want Dollar, Not Volatile Crypto Akari Global Foundation Launches Akari-Pay, a One-File Bitcoin Cash Payment/Donate Page There have been lots of developments happening throughout the BCH community over the past 48 hours since the…

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The Lightning Network (LN) is approaching 2000 functional nodes as users begin to highlight the conspicuous cost savings using the technology. Lightning: 1997 Nodes, 6600 Channels, $150,000 Capacity Data captured from an overview of LN’s Bitcoin mainnet integration showed 1997 reachable nodes (with the actual number presumably much higher) at press time, with 6614 open channels and a total network capacity in excess of $150,000. Despite remaining a challenging tool in terms of user interface, the technology has markedly improved in the approximately five months it has been active. In…

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On Wednesday, Jack Dorsey, the CEO of Twitter and the Square payment company expressed his positive cryptocurrency sentiment as he stood on stage at the Consensus conference, saying that Bitcoin should be the cryptocurrency of the internet. Jack Dorsey: Cryptocurrency Evangelist Twitter has long been a platform that has been centric for cryptocurrency users and organizations. It quickly became a way in which crypto-related entities could convey announcements and talk about cryptocurrencies with members of the community.  This may have been no accident as Twitter’s CEO, who also runs the…

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Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. Also read: Thailand Waives 7% VAT for Individual Cryptocurrency Investors Bitfinex Wants Your Tax Details In an email issued to a portion of its users, Bitfinex has outlined a new KYC policy. Not content with knowing…

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The feds are contemplating the potential for regulations which would essentially erode one of the most popular aspects of cryptocurrency – its anonymity. During a panel discussion, three United States government officials expressed their sentiment on the potential for future regulations that could seriously affect the way Bitcoin, as well as other cryptocurrencies, are perceived and exploited. Hinting that the government is contemplating a regulatory hit towards the anonymity offered by some virtual currencies, Sujit Raman, assistant deputy attorney general at the Justice Department, said: One of our major concerns…

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It’s been well over a day since the Bitcoin Cash (BCH) network upgraded its protocol, and the consensus rules now come with a 32MB block size. Although the block size increase is quite a feat, BCH developers have also expanded the network’s default data-carrier-size to 220 Bytes and re-enabled some old Satoshi OP_Codes that were previously removed from earlier codebases. Now over the past 24-hours, lots of people have been playing around with the new BCH features. Also Read: Bitcoin Cash Upgrade Milestone Complete: 32MB and New Features Experimenting With the…

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Binance is set to open trading for select TrueUSD (TUSD) trading pairs on Friday, May 18th, at 4:00 am (UTC). The USD-pegged stablecoin will only be tradable against Bitcoin (BTC), Ethereum (ETH), and the exchange’s own Binance Coin (BNB). Like Tether, Only Regulatory Compliant TUSD is a stablecoin designed to match the US dollar at a one-to-one ratio, meaning one TUSD roughly equates to one USD, in terms of valuation. Unlike Tether (USDT), a sometimes controversial USD-pegged stablecoin, TrueUSD is reportedly much more regulatory compliant. Explains Binance: In the TrueUSD…

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CryptoCup, a project creating a blockchain-powered betting platform for the forthcoming 2018 FIFA World Cup, has announced it will roll out the product on May 21st. The project has also announced that Greg Colvin, the organizer of the fellowship of Ethereum Magicians and core developer of Ethereum Virtual Machine, has joined Cryptocup as an advisor. Additionally, Coinfabrik, the developers of Jaxx and RSK wallets, have audited the project’s smart contracts and joined it in the capacity of partners to oversee the technical part of Cryptocup. The product itself is somewhat…

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