Bitcoin news

26 May, 2019
“Facebook’s announcement of GlobalCoin is the trojan horse that will bring blockchain adoption to the masses. Through Facebook and Whatsapp, potentially hundreds of millions of people will use it. It has the potential to be bigger than the US dollar in terms of numbers of users. Mark Zuckerberg has looked beyond the hype, and seen the potential of cryptocurrencies for low-cost, reliable cross-border transfer of payments. Startups are set to transform industries from banking to the supply chain. Companies large and small, like Facebook, are looking at how blockchain can help their business in this new digital era, and we are just at the start of the journey of this fledgling industry.” José Maria Macedo, Head of Advisory, AmaZix “Bitcoin The post The blockchain/crypto week in quotes appeared first on Coin Rivet.
Thomas J Lee, Co-Founder and Managing Partner of Fundstrat Global Advisors, will be giving the afternoon keynote speech at this year’s CryptoCompare Digital Asset Summit, set to place on 12th June in London. Lee joins a line-up of speakers including Andreas M. Antonopoulos, best-selling author and a leading Bitcoin and open blockchain expert; and cryptocurrency experts from Coinbase, Binance, London Stock Exchange Group, Nasdaq, Refinitiv, UBS and VanEck. The conference will also feature a regulatory panel comprised of representatives from the FCA, HM Treasury and the Bank of England. The event will bring together more than 800 industry practitioners to explore developments in the cryptocurrency markets including: the future of stablecoins; derivatives and exchange traded products; bridging the gap between finance and crypto; regulation; the future The post Thomas J Lee to head up CryptoCompare Digital Asset Summit appeared first on Coin Rivet.
22nd May 2019 — Paxful (https://paxful.com/), a peer-to-peer Bitcoin marketplace, has announced a series of educational workshops throughout Africa in 2019 in conjunction with the official launch of their wallet app. They have also pledged to continue aiding the growth of entrepreneurship in emerging markets by giving away bitcoin to those who attend the workshop and download the wallet app. Through interactions with customers, Paxful has gained valuable insights into how con sumers are evolving their use of digital currencies, with bitcoin becoming more mainstream in everyday lifestyle and business transactions, rather than for investment or speculative trading. Based on these insights, Paxful determined that it should launch a wallet app to make buying, selling, and storing bitcoin easier. The app will work seamlessly in connection The post Paxful launches wallet app In conjunction with Africa education tour appeared first on Coin Rivet.
Stock and crypto trading app Robinhood is looking to raise at least $200 million in a new funding round, Bloomberg reports. This would value the company at between $7 billion and $8 billion. The cash infusion is coming from existing investors, people familiar with the deal told Bloomberg. The funding talks are ongoing, but the company’s valuation could climb to as much as $10 billion in a subsequent round. What is Robinhood? Let’s start with the basics. Robinhood began as a trading app for Android and iOS in 2015 and now has a desktop version available. It allows traders to enter the stock market commission-free (so now you can see where the name comes in). Its founders say: “We believe that The post Trading app Robinhood preps major funding round appeared first on Coin Rivet.
Blockchain has already revolutionised how people and businesses invest their money, and has made huge changes to how financial payments are processed. And the technology is also increasingly being used by businesses within the retail sector to enhance and customise the services they are already offering. Those retailers that have already incorporated blockchain into their day-to-day have begun to create new opportunities for both themselves and the consumer. Consumer privacy Data protection has been a major talking point for many different sectors of business in recent years. For a business, data breaches mean customer’s data is potentially put at risk, and often means their public brand perception suffers a hit. In retail, consumers often give out their personal data to companies The post How retailers can make use of blockchain appeared first on Coin Rivet.
London. 21st May 2019 – The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms. This warning comes as cryptoassests and forex investment scams reports more than tripled last year to over 1,800. Fraudsters promise high returns from investments in crypto and forex, with victims losing over £27 million in total in 2018/19. How the scams work Fraudsters often use social media to promote their ‘get rich quick’ online trading platforms. Posts often use fake celebrity endorsements and images of luxury items like expensive watches and cars. These then link to professional-looking websites where consumers are persuaded to invest. Investors will often be led to The post Over £27m reported lost to crypto and forex investment scams appeared first on Coin Rivet.
London. 23rd May 2019 – Wirex and Elliptic have strengthened their collaboration in order to reduce the risk of cryptocurrency fraud and money laundering. The new remit solidifies the relationship between the two companies as Wirex becomes Elliptic’s first partner to proactively contribute data on fraudulent accounts.  Borderless payments platform Wirex and Elliptic, a cryptocurrency compliance provider, have been working together since 2016 to help counter and prevent money laundering and other illicit uses of cryptocurrency. Users of Elliptic software will benefit from this enhanced collaboration as Wirex red-flags wallet addresses associated with illegal and suspect activity. This paves the way for a new data model built on industry-wide collaboration and best practice, ultimately reducing the risk of fraud and The post Wirex and Elliptic unite in new approach to make crypto safer appeared first on Coin Rivet.
25 May, 2019
On 9th May, FinCEN issued guidance on the ‘Application of FinCEN’s Regulations to Certain Business Models Involving Convertible Virtual Currencies’. While the guidance does not set forth any new regulatory requirements, it does combine all FinCEN regulations, rulings, and guidance around convertible virtual currencies (CVCs) since they were issued going back to 2011. In addition to the guidance, FinCEN also issued an advisory to highlight the risks associated with virtual currencies and how to identify and report suspicious activity. These come on the heels of its April statement which announced the first time ever penalty against a peer-to-peer cryptocurrency trader for failure to comply with the Bank Secrecy Act (BSA). Trader Eric Powers was fined $35,000 and is barred from providing The post FinCEN guidance: crypto firms take notice appeared first on Coin Rivet.
One of the social media payment methods is going to stick, according to Galaxy Digital Founder and CEO, Michael Novogratz. In an interview with CNBC, he says: “I think with Facebook’s payment currency, I think Telegram will have one…you will see one of those payment coins work, and that has the chance to be a real currency.” Real game changer Bitcoin is just a store of value and as such won’t change the world, Novogratz said earlier this month. Speaking at the ConsenSys Ethereal Summit, he argued that the cryptocurrency acts as a digital gold. Web 3.0 is the real game changer, being a decentralised platform that processes information. “If you really think Bitcoin will win this store of value, everything The post Galaxy Digital’s Michael Novogratz backs social media cryptos appeared first on Coin Rivet.
Bitcoin will hit $7,543 by 1st June, according to personal finance comparison site finder.com. When it asked its panel of crypto experts about the price at the end of this year, the average prediction was $9,659. As for why the price has surged this year, 80% of panellists said it was due to crypto-related announcements made at the recent Consensus event. The next most cited factors were the US-China trade tensions (50%) and the impending reduction in Bitcoin emission, also known as the halvening (50%).  Chief Investment Officer at Arca, Jeff Dorman, comments: “Bitcoin has rallied for a variety of reasons, not one specific reason. It’s mosaic theory. Pent up demand spilled out because of Fidelity’s new platform, China’s trade The post Finder’s crypto panel bullish on Bitcoin appeared first on Coin Rivet.
San Francisco. 23rd May 2019 — Ampleforth (https://www.ampleforth.org/) announced today it will be the first initial exchange offering to be conducted on Bitfinex and Ethfinex’s token project launch platform, Tokinex (http://tokinex.ethfinex.com/). Ampleforth’s whitepaper, co-authored by Manuel Ricon Cruz, researcher at the Hoover Institute, introduces the Ampleforth protocol. Further context for understanding the implications of AMPL as a new type of synthetic commodity and economic theory is provided in the accompanying Red Book. The appeal of digital assets like Bitcoin is that they are uncorrelated with traditional asset groups. But, among large-cap digital assets, there is a high degree of non-diversifiable risk and the price volatility of most cryptocurrencies mimic that of Bitcoin. “We see Amples as having a near-term utility that naturally dovetails into a much bigger The post Ampleforth to conduct first IEO on BitFinex and Ethfinex’s Tokinex platform in June appeared first on Coin Rivet.
24 May, 2019
Whilst much of Bitcoin’s development has recently been focused on the Lightning Network, there is another development that has been gaining interest. Schnorr Signatures will help to increase privacy on the Bitcoin network whilst also helping with issues of scalability. What are Schnorr Signatures? Schnorr Signatures are not a new invention. They were first created by German professor and cryptographer Claus-Peter Schnorr in the 1980s. The work built upon other famous cryptographers at the time including David Chaum. Interestingly though, Schnorr chose to patent his new invention, much to the chagrin of other cryptographers. This patent expired in 2008, just as the Bitcoin network was about to go live. Blockstream co-founder and Bitcoin developer Pieter Wuille submitted the Bitcoin improvement The post Why Schnorr Signatures are important for privacy appeared first on Coin Rivet.
Bitcoin is once more creeping up to challenge the $8,400 level of resistance before a potential bull market continuation towards a five-figure price tag. The digital asset is currently coiling up in a snake-like formation, with price following a consistent ascending channel before the parabolic breakout above $6,000. Over the past two weeks, Bitcoin has seen a sequence of five higher lows and two very distinct lower highs as price looks poised to spring out of its current wedge with an explosive move either up or down. Bitcoin has a rich history of trading in the $6,000-$8,000 range after spending many months of the 2018 bear market inside this zone. Given that sentiment seems to be turning optimistic as a The post Bitcoin coils up ahead of potential price hike to five digits appeared first on Coin Rivet.
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Yahoo! Finance
Three of the most famous cryptocurrencies that most people have heard of are Bitcoin, Ethereum, and Litecoin. Not only have they survived longer than many others, but they have all maintained their strong positions in the rankings of most valuable cryptocurrencies. Each one has its own unique attributes that they hope will help them compete in an extremely volatile market. Bitcoin Bitcoin is the most famous cryptocurrency out there and also the original. Created by Satoshi Nakamoto in 2008, Bitcoin is an uncensorable form of money that can be sent peer to peer anywhere in the world, without the need for a third party. These unique attributes have garnered interest from libertarians, crypto-anarchists, and people unsatisfied with the current status The post Bitcoin vs Ethereum vs Litecoin appeared first on Coin Rivet.
Europol and the Dutch Financial Criminal Investigative Service have seized the domain of a Bitcoin transaction mixing service. Calling it the “first law enforcement action of its kind against such a cryptocurrency mixer service,” Europol said in a statement on Wednesday that the seizure of Bestmixer.io was the culmination of a year-long investigation that began last summer. As part of the move, police seized six servers based in Luxembourg and the Netherlands. #bestmixer.io down. The yellow smallprint matters 😉 pic.twitter.com/FwuDC6J2ts — Jarek Jakubcek (@jakubcek) May 22, 2019 Europol has alleged that much of the money that passed through Bestmixer.io “had a criminal origin or destination” and that “the mixer was probably used to conceal and launder criminal flows of money”. 27,000 BTC The post Europol takes down Bitcoin transaction mixing service appeared first on Coin Rivet.
23 May, 2019
In 1519, famed Spanish explorer Hernando Cortés had his eyes set on the Aztec capital, which was located in what we now know as Mexico City.The post Soft Fork: The Apache Tribe and Bitcoin appeared first on The Block.
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Yahoo! Finance
The story of the Austrian School of economics begins in the 15th century, when the followers of St Thomas Aquinas, who was writing and teaching at the University of Salamanca in Spain, sought to explain the full range of human actions and social organisation. Over the course of several generations, they discovered and explained the laws of supply and demand, the cause of inflation, the operation of foreign exchange rates, and the subjective nature of economic value. Austrian supporters were advocates of property rights and the freedom to contract and trade. They celebrated the contribution of business to society while doggedly opposing taxes, price controls, and regulations that inhibited enterprise. Austrian economics school of thought The Austrian School uses the The post Austrian economics and Bitcoin appeared first on Coin Rivet.
This morning, California congressman Eric Swalwell launched a crypto funding campaign, and is partnering with blockchain payments firm The White Company. Elizabeth White, CEO of The White Company, joins Yahoo Finance to discuss.
Rep. Eric Swalwell will let people donate to his presidential campaign with cryptocurrency—and he's the second candidate to do it.
The Dutch Fiscal Information and Investigation Service in cooperation with Europol and Luxembourg authorities have seized and closed down Bestmixer.io, a large cryptocurrency mixing service.The post Dutch Authorities seize crypto-mixing service Bestmixer.io appeared first on The Block.
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