Category: Uncategorized

Venezuela is leveraging its oil wealth to shoehorn president Nicolas Maduro’s Petro cryptocurrency into foreign markets. Coinsecure Goes For Petro? The practice came to light following local media in India reporting Caracas had offered a 30% discount on its crude oil imports if the government paid in Petro. At the same time, a delegation visited India in March and came to an agreement with embattled local Bitcoin exchange Coinsecure to offer the trading of Petro for Bitcoin and rupees. By the same token, other exchanges could interact with the coin…

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Vertcoin’s official Twitter account was hacked earlier today, with the attackers posting tweets attempting to scam users out of their bitcoins. ‘We’re giving away 10 BTC!’ At around 4:00 PM Tuesday, the Vertcoin Twitter page announced a fake Bitcoin giveaway as a celebration of Vertcoin’s success. The tweet asked users to send 0.005 BTC to an address to enter, with the winner to be announced on May 3. This is an all too common crypto-scam on Twitter, with fake accounts impersonating major players in the space announcing fake ETH giveaways…

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Japanese brokers already dominate the global online retail FX and CFD market by trading volumes. And it now looks like they will try to leverage their country’s receptive regulatory environment to expand internationally with crypto too. The latest example is an app in the UK created by two groups headquartered in Tokyo. Also Read: Bitcoin in Brief Tuesday: IOTA Ditched, Bitcoin Taking Over Popular Culture Pipster Z.com Trade, the international brand of Japanese forex giant GMO, has announced it will launch a new FX and cryptocurrency mobile trading application in…

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The Financial Services and Treasury (FSTB) of Hong Kong has released its Money Laundering and Terrorist Financing Risk Assessment report which indicates that cryptocurrencies are left out of organized crime or ML/TF concerns. Amid the growing crypto-related regulatory chaos and tense debate on the matter of combating financial crime, the FSTB released a report which sheds light on a few key matters. Crypto is Not a Threat. Period. The cryptocurrency market has long been the subject of criticism and negativity – not just by so-called ‘experts’ but by government banks…

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The meteoric price rally by bitcoin in 2017 has made a lot of people very rich, and perhaps no one more than the owners of the trading venues themselves. Coinbase, which was valued at around $1.6 billion less than a year ago, is now priced at $8 billion by its investors.   Also Read: Bitcoin in Brief Tuesday: IOTA Ditched, Bitcoin Taking Over Popular Culture The $8 Billion Unicorn San Francisco-based cryptocurrency exchange Coinbase has reportedly seen its market valuation skyrocket to as high as $8 billion. To help put…

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A few months ago the U.S. Commodity Futures Trading Commission (CFTC) charged a Staten Island-based company called Cabbage Tech with ‘fraud and misappropriation’ of funds based in Bitcoin and Litecoin. According to the CFTC, it revealed it had charged Patrick McDonnell and his company Cabbage Tech for crimes associated with allegedly promising big returns on trading advice, and lifetime trading advice memberships. The CFTC is looking for restitution of all of the funds solicited, and the case may also see a jury trial. This week news.Bitcoin.com spoke with Patrick McDonnell…

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United States Securities and Exchange Commission (SEC) commissioner, Robert Jackson, has expressed his belief that initial coin offerings (ICOs) will be legitimized under existing securities legislation. Despite the optimistic outlook, the commissioner has criticized the current state of the ICO industry. Also Read: Taxis Take BCH, Stores Sell BTC in the Russian City of Rostov  SEC Commissioner Expects ICOs Have Legitimate Future In an interview with CNBC, SEC commissioner, Robert Jackson, recently expressed cautious optimism regarding ICOs – predicting that initial coin offerings will be conformed to the rubric of existing…

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Authorities have found a new scapegoat to blame for the ongoing opioid drug epidemic going on in the United State: Bitcoin. Eagle Scout Turned Drug Dealer Aaron Shamo is a Utah native who discovered Bitcoin and cryptocurrency in 2009, soon after it was created. He began mining for Bitcoin while he was a student a Utah Valley University. He continued to accumulate more of the cryptocurrency as he made his way through life over the next few years, seeing his investment culminate with Bitcoin’s highest recorded price amidst a crypto-craze…

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London Block Exchange has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) among its cryptocurrency offerings. The platform dedicated to the UK market now trades six cryptocurrencies against the GBP. LBX opened with OTC trades in November and promised to add multiple new coins in the future. The exchange also offers on-shore UK banking. Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing London Block Exchange Now Trades Six Cryptos London-based cryptocurrency exchange LBX has added support for Bitcoin Cash (BCH) and Ethereum Classic (ETC) trading against…

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CFTC Chairman Christophe Giancarlo went on record, saying that Bitcoin, alongside a lot of other cryptocurrencies share elements of different asset classes, regardless of whether it’s a matter of long-term asset or means for payment. Christophe Giancarlo, currently a chairman of the U.S. Commodity Futures Trading Commission (CFTC) shares his take on Bitcoin, saying that the world’s largest cryptocurrency is part currency, part security, and part digital coin. In what’s undoubtedly a positive sentiment towards Bitcoin, the chairman says that Bitcoin and a lot of its other virtual currency counterparts…

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