Monday, March 25, 2019

Digitec-Galaxus, considered Switzerland’s, started accepting Bitcoin and 9 major altcoins. The company will utilize payment processor Coinify to instantly convert all crypto received into Swiss francs. The company may expand this initiative to German customers in future.

Jack Dorsey, CEO of Twitter and payments app Square, tweeted that Square is hiring crypto engineers. These developers will be paid for working on open source Bitcoin or crypto projects, and will be paid in Bitcoin.

Binance is launching a new way to buy Bitcoin from over 1,300 Australian news agents via its Binance Lite search. The purchase method will require KYC and carry a 5 percent fee, as well as sales tax.

Bitmain has suffered setbacks this year but seems to be returning to its core business; mining Bitcoin. China’s leading miner and ASIC producer is deploying 200,000 Bitcoin ASICs, in order to utilize the abundant hydro power available during China’s summer months. The equipment is valued at around $80 million.

And finally, a report released by Bitwise highlights an open secret in crypto: many unregulated exchanges are reporting falsely inflated volume. Bitwise’ research, which was presented to the SEC in furtherance of a Bitcoin ETF approval, suggests 95% of reported volume is fake. Bitwise state that Bitcoin’s daily -exchange traded volume total is around $270 million, traded mostly across 10 regulated exchanges, like Binance, Coinbase, and Kraken.
Courtesy: 99Bitcoins

Tuesday, March 19, 2019

Tyler and Cameron Winklevoss, Bitcoin (BTC) bulls and founders of the Gemini crypto exchange, say that while Facebook’s secretive crypto project is positive for the industry, ultimately crypto will usher in something greater than the social networking era. The twins made their remarks during an interview with British broadsheet The Telegraph on March 17.
The Winklevoss twins have a famously antagonistic history with Facebook founder Mark Zuckerberg, having sued him for allegedly stealing the idea for the social network from them during the trio’s student days at Harvard. The case was eventually settled, with the twins receiving $20 million and 1.2 million Facebook shares (worth over $199.2 million to press time).
Years after the Winklevoss twins’ first entry into Bitcoin, Zuckerberg is now seemingly entering the crypto space with Facebook’s own highly secretive project to integrate crypto stablecoin payments into an overarching messaging service for WhatsApp, Facebook Messenger and Instagram.
In their interview with The Telegraph, the twins apparently put past differences aside, with Cameron affirming that a Facebook stablecoin would be a “really positive” development for the crypto industry, echoed by Taylor’s comment that it is “cool” Zuckerberg is entering the market they have championed for so long.
Nonetheless, the twins said they ultimately believe that the innovation heralded by crypto represents a more momentous and disruptive development than social networking platforms.
Cameron remarked that crypto’s use as a way to transfer value and bring resources to markets is more important than something like photo sharing, to which Tyler added:
“[It’s] powerful. People want to connect and stuff, but if you actually pay people and things in value that is almost, like, more significant.”
As Cointelegraph has reported, unconfirmed reports of Facebook’s plans to integrate a cryptocurrency for WhatsApp users first surfaced in December 2018, followed by further — yet still unconfirmed — details of the project this February.
The site is preceded by Russian-developed encrypted messaging app Telegram’s own, public plans, to create a crypto- and blockchain-powered messaging network.
The Winklevoss twins — whose numerous crypto investments span their crypto exchange and trading appfiat-pegged stablecoin and sustained high-profile industry involvement — are meanwhile fielding a separate legal battle against Bitcoin entrepreneur Charlie Shrem, the result of a fallout over money owed from a years-old Bitcoin trade deal.

Monday, March 18, 2019

Disappointing news this week when Samsung discovered that the new hardware wallet built into the smartphone S10 will only support the Etherium and ERC20 coins and four dApps. It seems that Samsung will upgrade its wallet to support Bitcoin and other Altcoins in the future.

Chinese ASIC manufacturer, Canaan Creative, has raised several hundred million dollars. The company's valuation is now in excess of $ 1 billion. Despite the rare news, it is assumed that most of the investment goes to new ASIC production.

Calgary police are seeking to identify 4 suspects who stole over $200,000 Canadian Dollars’ worth of BTC from Bitcoin ATMs. The suspects used double spend attacks to defraud BTMs across 7 Canadian cities

CEO of Mt. Former Gox, Mark Karpeles, received a suspended sentence of two and a half years. Karpeles was convicted of cheating financial records, but was acquitted of embezzlement.
Karpels will remain outside the prison as long as he does not violate his probation.

Finally, an update to the popular dollar-linked currency Tether, which updated its terms and conditions, again raised the question of whether it is backed by the dollar. Users across the network noticed that Tether removed previous claims that the currency was fully backed up in dollars. Instead, the company's website records that the reserves may include additional assets and lenders to whom Tether has provided a loan.

Monday, March 11, 2019

Following the "DeleteCoinbase" campaign that we reported last week, the exchange announced that it would fire all the hacking staff hired at the beginning.
These employees were involved in selling malware to governments before they started working on the stock exchange.

In what contributes to the rise of the BNB currency, the BINAS Stock Exchange announced that the Argentine government will adjust investments to the Blockchine accelerator program run by Binance Labs. This is a sign of a positive attitude of the state to crypto.

The brain behind the OneCoin Ponzi coin, Konstantin Ignatov, was arrested at the Los Angeles International Airport. Ignatov ran the OneCoin Ponzi along with his sister, Ruja. Vanquin was ostensibly launched in 2014 as a cryptographic currency but has never been released code or Lockcaine into currency. This fraud has managed to steal over $ 3.5 billion, of which $ 1.2 billion will probably be returned to the plaintiffs.

The United Nations has issued a report accusing North Korea's cyber forces of stealing some $ 670 million in Crypto by hacking and ransom demands. The report covers the period between 2015 and 2018 and reveals five hacks on Asian crypto stock exchanges and cyber attacks on banks.

Finally, Fidelity Investments, one of the world's largest financial services providers, has unveiled the launch of its digital asset service. The company owns and facilitates the trading of digital assets. So far, the service is available only to a limited group of institutional investors, but the company plans to give access to additional institutional customers.

Monday, March 4, 2019

A critical bug was exposed for the Coinomi desktop wallet. The bug states that if you’ve imported a seed phrase into the wallet, that seed was actually sent to Google for spelling check. A seed phrase should NEVER leave the wallet and this issue may put Coinomi desktop users at risk.

Bitfinex announced that the US government has returned 27.6 bitcoins which were part of the nearly 120,000 bitcoins stolen from the exchange in August of 2016. The action heralds a new degree of international cooperation between governments and exchanges. The value of the returned coins will be divided among certain Bitfinex clients affected by the hack.

Following reports last week that Coinbase acquired a company run by the former Hacking Team CEO, who sold spyware to governments, a protest campaign is growing across social media. The hashtag “Delete Coinbase” campaign urges users to leave the exchange due to its anti-privacy policies.

It was reported that Russia’s State Duma is expected to pass business-friendly crypto regulations this March. The new laws would also law the groundwork for a state-controlled crypto backed by oil reserves. Such a coin may assist Russia to trade energy internationally despite economic sanctions.

Thailand’s market regulator, recently approved the following 4 cryptos for investment, trading, and ICO purposes: Bitcoin, Ethereum, Ripple, and Stellar. However, Litecoin, Bitcoin Cash, and Ethereum Classic were also banned for such purposes.