Yet another public humiliation reignites the debate on whether third-party payment processors are detrimental to Bitcoin adoption. Cryptocurrency payment processor BitPay faces another publicity nightmare amid claims it blocked donations to Hong Kong for several weeks. According to a complaint on social media by Tom Grundy on Sept. 11, founder of crowdfunded media outlet Hong […]
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Trading Bitcoin and crypto is similar to traditional stocks but comes with far greater risk and a few other important caveats every trader should know. We have all heard hundreds of stories about the life-changing money being made in the crypto space. Anonymous Twitter traders regale us with tales of turning $1,000 into millions in […]
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Five figures arrested over scheme police say was one of the most sophisticated ever seen in Europe. Portuguese police and Europol have seized funds worth €70,000 ($77,200) in what they describe as one of the most advanced counterfeiting operations ever seen. €1.3M fake notes sold since 2017 As Brazilian daily news outlet Sputnik and others […]
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Experts in blockchain technology and crypto take on the question: What should happen to say that cryptocurrency mass adoption has started? Since its inception in January 2009, Bitcoin’s (BTC) popularity has been increasing, peaking in December 2017 when the leading cryptocurrency’s price hit record highs around $20,000 per coin and dropped back down. After 10 […]
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Grammy award-winning rapper Akon has rebuffed Bitcoin naysayers who claim that the asset lacks intrinsic value. Grammy award-winning music artist Akon has rebuffed Bitcoin (BTC) naysayers who claim that the asset lacks intrinsic value. In a radio interview published on Sept. 10, Akon lambasted the perception that fiat currencies are any less vulnerable to this […]
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Ripple rolls out crypto-based cross-border payments for PNC, one of biggest banks in the U.S. Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone […]
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JPMorgan analysts say Libra could face gridlock in periods of network stress and that this could have “serious macroeconomic consequences.” The new breed of stablecoins led by Facebook’s Libra could be vulnerable to failure in periods of network stress. According to an analysis from JPMorgan released on Sept. 5, they lack the short-term liquidity of […]
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San Francisco-based cryptocurrency exchange OKCoin has expanded its fiat-to-token trading services in seven more US states. San Francisco-based cryptocurrency exchange OKCoin will now offer fiat-to-token and token-to-token trading services to residents of seven more US states. OKCoin expands services in the United States of America On Sept. 5, OKCoin, one of the top cryptocurrency exchanges […]
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Paxos, the stablecoin operator behind PAX Standard, announced what it claims is the first crypto asset redeemable for physical gold. Stablecoin operator Paxos launched PAX Gold (PAXG), a gold-backed Ethereum (ETH) token. Paxos announced the launch of the product above in a press release published on Sept. 5, claiming that it is “the first crypto-asset […]
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Veteran frontier markets investor Mark Mobius thinks that Bitcoin needs to be backed by gold and blockchain is risky. Famous emerging markets investor Mark Mobius believes that Bitcoin (BTC) needs to be backed by gold to have any value. Crypto and blockchain are “very risky situations” Mobius, founder at frontier markets asset manager Mobius Capital […]
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