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Telegram’s blockchain project, TON, has entered the last preparation stage before going live. The code for running a blockchain node was released on the test network portal late Friday. Now developers and community members interested in the messaging app provider’s blockchain can start kicking the tires of a full node, a validator node and the blockchain explorer. The release had been previously scheduled for Sept. 1, according to the sources familiar with the project’s progress, but was delayed a few Read more …

Summary: Shortly after seeing a retest of macro resistance at $10,750, the bitcoin market saw a strong pullback that has us testing a monthly supply level of $10,300. The support retest came about on strong volume and high spread, but is currently showing signs of support exactly where the bulls would want to see the market find support. If we can hold the $10,300 level, I expect to see a strong continuation of our uptrend and for the price to Read more …

The Malta Financial Services Authority (MFSA) says in its recently published strategic plan that it will actively monitor and manage business-related risks related to cryptocurrency firms. Monitor crypto firms to prevent crypto-related crimes On Sept. 6, the MFSA published its three-year strategic plan for 2019–2021 which states the Malta financial regulator will strive to modernize their regulatory approach to be one step ahead of industry developments. The MFSA said it will work closely with the Financial Intelligence Analysis Unit and other Read more …

Binance Coin has surged twice as fast as any other cryptocurrency over the past year, including bitcoin. Here’s why BNB is leading the pack. | Source: REUTERS / Darrin Zammit Lupi Binance Coin suffered one of its worst losses this year on May 7th after hackers took off with 7,000 bitcoins. The heist cost cryptocurrency exchange giant Binance a total of $40 million. Four months later, it appears that everyone has forgotten about the security breach. Binance is just as Read more …

Bitcoin price has been consolidating since June, after it was rejected from former bear market resistance at $13,800 – stopping Bitcoin’s parabolic advance short of retesting its previous all-time high of $20,000. And while many crypto technical analysts say that Bitcoin price is trapped in a triangle – either descending or symmetrical – another crypto analyst says that Bitcoin has formed what is a multi-month bull flag, that is close to breaking up. Bitcoin Price Forms Massive Bull Flag, Target: Read more …

<iframe style=”border: none” src=”//html5-player.libsyn.com/embed/episode/id/11154686/height/90/theme/custom/thumbnail/yes/direction/backward/render-playlist/no/custom-color/87A93A/” height=”90″ width=”100%” scrolling=”no”  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> In this episode of the Bitcoin Magazine Podcast, the guys bring on Brandon Green, another Bitcoin Magazine staffer, to talk about a spicy op ed he recently wrote about the Bitcoin mining energy consumption problem. Green flips the problem on its head by asking why more energy companies aren’t seeing the business opportunity in servicing cryptocurrency mining companies. The conversation meanders into the territory of universal basic income, Read more …

David Rosenberg warned that the August jobs report is a “Dow theorist’s nightmare” and supports his case that the stock market has a dismal outlook. | Source: AP Photo / Richard Drew The latest jobs report for August has put some recession fears at bay, but many aren’t feeling too chipper about the results – and what they mean for major stock market indices like the Dow Jones Industrial Average. August Jobs Report: Far From Dreamy The big takeaway from Read more …

The much-anticipated, fully-regulated Bitcoin exchange and custody offering from Bakkt looks on track to make good on its previously-announced launch date later this month. The company has just announced that its Warehouse custody solution is now open for customer deposits and withdrawals. The Bakkt platform seeks to make investing in Bitcoin more friendly to institutional investors and bring greater accountability to price discovery. Its high-profile backers and the fact that futures contracts will be settled with actual Bitcoin are behind Read more …

Social media giant Facebook has hired two more lobbyists to aid the release of its forthcoming Libra stablecoin. As Bloomberg reported on Sept. 5, lobbying disclosures filed earlier this week revealed that William Hollier, the president of legislative and regulatory counseling firm Hollier Associates LLC, began lobbying for Facebook on blockchain policy, among other matters, in late August. Previously, Hollier worked for U.S. Republican Sen. Mike Crapo, who said at a hearing on cryptocurrencies and blockchain, “Facebook’s Libra project has Read more …

Turkey’s Istanbul Clearing, Settlement and Custody Bank (Takasbank) has announced its blockchain-based platform for trading physical gold. Dubbed BiGA, Takasbank’s new project aims to enable people to transfer physical gold stored at the Borsa Istanbul Stock Exchange (BIST), Turkey’s sole exchange entity, through digitized gold units on a blockchain, the bank announced on Sept. 6. The  units, which are similar in form and function to physically-backed stablecoins, have their value tied to the traded gold. As “BiGA” is the Turkish Read more …

Facebook stock is tanking and puncturing Nasdaq in its spiral. | Source: REUTERS/Leah Millis/File Photo Facebook stock (FB) plunged after a nine-state antitrust investigation was announced against the social-media monopoly. As of this writing, Facebook is the worst-performing stock in the Nasdaq. Facebook tumbled 1.9% shortly after the attorneys general of eight states and the District of Columbia launched their investigation. The multi-state coalition includes Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio and Tennessee. Facebook is already being investigated by Read more …

A massive 94,505 bitcoin transaction made crypto headlines as investors and investigators speculated from whence the BTC came. The wallet, first accessed late on September 5, 2019, has been involved in only seven transactions including the massive whale move. Other moves include a $6,644 deposit early on September 6 and a deposit of $6.66 a few hours later. Image via BitInfoCharts Blockchain analysis firm TokenAnalyst noticed that many of the transactions came from Huobi wallets. “Our team is looking into the validity Read more …