Turkish Exchange Develops Blockchain-Based Customer Database
Turkey’s Borsa Istanbul Stock Exchange (BIST) has developed a blockchain-powered customer database, Daily Sabah reported September 6. Founded in 2013, BIST is the result of the merger of the Istanbul Stock Exchange, the Istanbul Gold Exchange, and the Turkish Derivatives Exchange (TurkDex). Per the exchange’s annual report for 2017, it has 399 listed companies, a […]
SEC Denies Bitcoin ETFs Because Applicants Do Not Fit Industry Archetype
The reason the U.S. Security and Exchange Commission (SEC) has insofar denied crypto exchange traded funds (ETFs) is because the crypto industry does not fit the applicant archetype, according to the CEO of crypto payment startup Abra, CNBC reported September 4. Speaking in an interview with CNBC’s “The Coin Rush,” Bill Barhydt suggested that the […]
Bitcoin to Hit $20k in 2018
Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market […]
The Proposal of Establishing the Bitcoin Cash Standard Organization
On August 31 the CEO of the firm Viabtc, Haipo Yang, published a blog post proposing the establishment of a standardization organization like the World Wide Web’s W3C consortium. Haipo Yang wants to start a similar group called the Bitcoin Cash Standard Organization (BCSO) in order to create standards and achieve better transparency when it […]
Venezuela Shatters Bitcoin Trading
Trading between Bitcoin and the Venezuelan Bolivar (VES) has beaten all records to pass 500 million for the first time last week. Data from Coin Dance, which tracks volumes on P2P platform Localbitcoins, confirms that the seven days ending August 25 saw BTC/VES achieve volumes never seen before. The results come the same week Venezuela […]
Ethereum Cofounder Joseph Lubin Doubts Tether Bitcoin Price Manipulation
Ethereum cofounder Joseph Lubin said on Yahoo Finance’s Final Round August 28, that he doubts manipulation accusations against stablecoin Tether (USDT). Founded in 2014, Tether was “the first” blockchain-powered platform that allows for the tokenization of fiat-backed cryptocurrencies. In June, after the publication of a study conducted by analysts from the University of Texas, USDT […]
NetCents Crypto Credit Card to Help Increase Mainstream Adoption
NetCents cryptocurrency credit card will be accepted at 40 million merchant locations globally in an effort to directly compete with Visa and Mastercard. The company will also integrate its loyalty programme with its crypto credit cards to encourage and reward users for spending digital currencies. NetCents Technology, a Canada-based payments processing company, has unveiled its […]
Brazilian Crypto Investment Platform Atlas Hacked
Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked. The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail […]
Iran’s Central Bank Figure Hints Cryptocurrency Ban Will End
Iran will likely reverse its cryptocurrency ban in September, a central bank official told a conference August 26, paving the way for official regulation in the country. The country, which introduced a blanket ban on trading in April this year, has since seen economic turmoil return to its economy in light of fresh US sanctions, […]
U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry
The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027. In Senator […]
Chinese Government Continues Cryptocurrency Suppression
China has a population that is becoming increasingly interested in Bitcoin and other cryptocurrencies; but, its government has also been ratcheting up efforts to suppress the growth of digital assets amongst the country’s people. According to the South China Morning Post, more than 120 foreign cryptocurrency exchanges have been blocked recently by the Chinese government. […]
Bitcoin in December: $30,000
Yesterday, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe […]
Drug Dealer Busted for Smuggling LSD from the Dark Web with Bitcoin
Indian police in the south Indian city of Chennai (formerly Madras) have busted a drug dealer who allegedly procured synthetic drugs from the dark web before smuggling them into the country. During the bust, police seized LSD and ecstasy from 32-year-old Nikhil Tiwari who authorities believe is part of a wider network that acquires drugs […]
Crypto Mining for Mobile Phones
The recent times have seen the cryptocurrency space expand by leaps and bounds and the most recent watershed moment that the industry has seen is the introduction of mining cryptocurrency using mobile phones. Leaving the era of using hefty supercomputers to mine them behind, we are now entering into a phase where modern users can […]
Crypto Self-Regulatory Organization, 100 BTC Whistleblower Reward
In today’s edition of Bitcoin in Brief we cover a couple of stories that show how the cryptocurrency industry is trying to police itself. One group of companies has begun working on the formation of a self-regulatory organization and another has created a 100 BTC whistleblower reward pool. A number of companies have jointly formed […]
Bitcoin Cash Use in Commerce Sees Significant Decrease
A review of payments received by the world’s 17 largest crypto exchanges has shown that Bitcoin Cash (BCH) use in commerce has decreased, according to blockchain analytics firm Chainanalysis, Bloomberg reported August 20. A group of analysts from Chainanalysis found that BCH payments dropped to $3.7 million in May from $10.5 million in March, while […]
Trump vs Erdogan: Bitcoin Is the Answer to Turkey’s Financial Chaos
Latest reporting out of Washington appear to signal no deal struck between the Trump administration and the government of Turkey under President Recep Tayyip Erdoğan, potentially deepening an already fragile financial situation. Turkey’s lira has crashed double digits in recent months, and further as tensions between the two countries, over an American pastor’s jailing, continue […]
US Border Officials to Test Blockchain
U.S. Customs and Border Protection (CBP) plans to trial blockchain technology to verify North American Free Trade Agreement (NAFTA) and Central American Free Trade Agreement (CAFTA) certificates. CBP Division of Business Transformation and Innovation head Vincent Annunziato said the agency was beginning a “live fire testing” of a blockchain platform to certify that imported products […]
