Monday, June 24, 2019

The bull trend continued this week, driven by Bitcoin’s breakout above the $10,000 level. After breaking through $9,000 resistance, Bitcoin gained momentum to reach as high as $11,150 on Saturday. These are the highest levels seen since June of 2018. In fact, according to our very own HodlCalc, there have only been 70 days in all of Bitcoin’s existence, where buying and holding Bitcoin was considered unprofitable.

Facebook, the social media giant unveiled its highly anticipated and until-now secretive cryptocurrency, Libra. The Libra token will run on a blockchain network secured at launch by 100 distributed computer servers, which will eventually be fully governed by the independent Libra Association. The group of 28 founding members of the Libra Association includes Visa, Mastercard, PayPal, Uber, Lyft, Coinbase, and others.

 Crypto mining hardware giant Bitmain is said to be relaunching its IPO plans, but this time in the U.S. instead of Hong Kong. Bitmain is consulting with advisers over a U.S. public listing, potentially in the second half of 2019.

Kaspersky Lab, the famous Russian anti-malware firm, released a cryptocurrency survey stating that 19% of people have bought some form of crypto. The report also stated that only 10% of people feel they understand how cryptocurrencies work. 31% of respondents said that crypto prices need to be more stable before they’d get involved.

Monday, June 17, 2019

Binance, the most heavily traded stock exchange, is launching a new trading platform aimed specifically at US customers, in partnership with BAM Trading Services. The platform will be operated by BAM, using Binance's wallets and advanced trading technologies. At the same time, Binance has updated the terms of use to indicate that it is "unable to provide services to US citizens" due to new regulations. As of September 12, US users will no longer be able to trade on

Quinn Base has expanded its Debit Card service into Europe. Coinbase will now operate in France, Germany, Ireland, Italy, the Netherlands and Spain and users will be able to use the balance from their Coinbase account anywhere that receives a visa. This service is already available to UK users.

The Financial Action Task Force, or FAT-F, is a collaboration between the US, the European Commission, China and India. This body has imposed banking regulations on stock exchanges around the world, requiring them to submit details of each customer who has made a trade over $ 1,000. FATF also requires the identity of every person who receives a crypto. The group warned that countries that did not comply with the requests would be blacklisted.

Saturday, June 15, 2019

America’s Securities and Exchange Commission filed a complaint against popular messaging app creator, Kik, for failing to register its recent “Kin” ICO as a securities sale. The SEC is seeking to impose a $100 million fine on the Canadian firm; about the same value of Kin sold. This case is likely to set precedent for ICOs which cater to Americans without SEC registration.

Portuguese premier league team, Benfica, is now selling tickets and merchandise for Bitcoin, Ethereum, and the UTRUST token native to its payment processor. The team currently has around 14 million fans.

The updated Apple operating systems now support the Bitcoin “B” symbol in their SF Symbols app. Microsoft added support for the symbol in late May, for the latest versions of both Windows 10 and Excel.

Crypto exchange OKCoin has launched in the EU. Once one of China’s “Big 3” crypto exchanges, OKCoin’s new spot trading offerings cover euro pairs with Bitcoin, Ether and Bitcoin Cash at launch, with more pairs planned. The firm said until September, euros can be deposited and withdrawn without any fee.

And finally, CoinShares Research published a report stating that at least 74% of the energy powering Bitcoin mining is from renewable sources. The report further states that hydroelectric power is the most common energy source and that around 60% of mining is occurring within China’s southwestern provinces during the current rainy season.

Monday, June 10, 2019

The US Securities and Exchange Commission has filed a complaint against the popular messaging application developer Kick for not being able to register their ICO, Kin, as securities. The SEC seeks to impose a $ 100 million fine on the Canadian company; At the same value where the Kin is sold. This case may set a precedent for ICOs intended for Americans without registration from the SEC.

A big team in the first division of Portugal, Benfica, now sells tickets and products for Bitcoin, Ethereum and UTRUST Tucan Local. The group currently has 14 million fans.

Apple has updated its systems and now supports the Bitcoin "B" icon in their Symbols SF application. Microsoft added support for the icon in late May, for the latest versions of Windows 10 and Excel.

The OKCoin kraft market has launched a service in the European Union. The exchange will offer Euro-currency trading with Bitcoin, Atrium and Yakash at launch, with plans to add more coins in the future. The company said that by September, it is possible to deposit and withdraw euros without any commission.

Finally, the CoinShares study reveals that at least 74% of the energy used for Bitcoin mining is from renewable sources. The report further states that hydroelectric power is the most common energy source and that around 60% of mining occurs in the southwestern provinces of China during the rainy season.

Monday, June 3, 2019

The LocalBitcoins trading platform has removed the ability for users to trade digital currencies through cash. Now only online payment methods remain. This move comes shortly after imposing stringent requirements for KYC and AML. Cross-platform Bisq, HodlHodl, LocalCoinSwap and various other services still offer trading via cash-free identification requirements.

Yahoo Japan holds a 40% stake in the new Taotao Stock Exchange, launched this week. This is a regulatory exchange that currently offers trading in Bitcoin and Atrium, and will add additional Alets soon. The new stock exchange also operates a mobile application.

The report of the United Nations on the widespread activity of financial breaches by North Korea indicates that South Korean users on the Upitit Stock Exchange were affected by phishing attacks, allegedly from the north. Hackers sent e-mail claiming to be from the South Korean stock exchange, where they were tempted to run a malicious file with the promise of high traction.

Appra Crypto Mobile application has announced the expansion of Bitcoin -powered services in 150 countries, except the United States. Investors can use Bitcoin to trade small stocks, commodities, ETFs, Fiat and other digital currencies - no trading fees.

Coinbase added EOS currency support for its retail customers. The new option allows users to buy, sell, convert, send, receive or simply store EOS. The token is added to the Pro platform in April.