Month: July 2019

Update, August 1, 2019: While LedgerX announced that it had launched the first physically settled bitcoin futures contracts, the U.S. Commodity Futures Trading Commission (CFTC) has not indicated any official approval. As of this update, investors can sign up for early access to the futures platform, but there’s no clear indication of when it will actually go live. Though LedgerX did receive approval as a derivates clearing organization from the CFTC, it’s possible that this was not enough to officially Read more …

The European division of Japanese cryptocurrency exchange bitFlyer has announced a simplified bitcoin trading service for its local customers. Dubbed “bitFlyer Buy/Sell,” the exchange claims that the new service will allow investors to trade easily without the complexity that comes with some advanced exchanges. The simplified service adds a new dimension to its suite of products in the EU, which includes bitFlyer Lightning, an exchange service for professional traders. According to the company announcement, buying or selling digital assets can Read more …

Major British regulator, the Financial Conduct Authority (FCA), will not regulate Bitcoin (BTC) as a part of its recent guidance on crypto assets. FCA finalizes its statement on crypto after a public consultation released in January On July 31, the FCA issued its finalized policy statement on cryptocurrencies in a document titled “PS19/22: Guidance on Cryptoassets.” The document represents an updated version of a consultation paper on crypto assets that was first released for public comment in January 2019, and Read more …

Bitcoin Cash (BCH) development continues as software engineers have revealed two distinct concepts that aim to boost the BCH network. Bitcoin Cash developer Tom Zander has announced new documentation concerning the vision of a double-spend proofs, which now exists as a pull request to the alternative BCH implementation Flowee the Hub. Additionally, Electron Cash developer Jonald Fyookball has reported on the expanded specifications for the Cashshuffle method Cashfusion, a scheme that adds higher levels of privacy to unlinkable coins. Also Read more …

Overstock CEO and noted crypto pumper Patrick Byrne has publicly claimed that he carried on a romantic relationship with convicted Russian spy Maria Butina. He further claims that the FBI asked him to work his way back into her bedroom, but he declined the order. A Russian Gun Rights Activist Walks Into a Liberty Conference… According to the Washington Examiner, Patrick Byrne, 57, met the 30-year-old Maria Butina at FreedomFest in 2015. FreedomFest takes place in Las Vegas and caters Read more …

On June 23, Monero posted a 2019 high of $121.12. At that point, the privacy token was up by over 194 percent for the year. Unfortunately, the six-month run was met by heavy selling. Those who bought the cryptocurrency early were happy to dump positions at substantial profits. As a result, Monero plunged to as low as $71.842 on July 17. That’s a brutal drop of over 40 percent in less than a month. The good news is that the Read more …

S7 Airlines, a member of major global aviation alliance Oneworld, processed over $1 million through its blockchain payment system for the month of July. S7 processed nearly $4 million in payments on its blockchain platform since January 2019 According to an official press release on July 30, S7 has seen significant growth in transactions on its blockchain-powered sales network developed in partnership with Russia’s largest private bank, Alfa-Bank. Nikolai Mukhanov,  executive director at S7 Techlab, said that the platform has Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. EO coin showed bullish sentiment this July on the back of numerous new pairs being listed on EO.Trade exchange, including; ETC/EO and NEO/EO. Detailed statistics show EO coin surged from 70 satoshi’s to 315 following the ETC/EO listing on July 11th, before the Read more …

A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX. Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesday that all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s American legal counsel), Miller Thomson (representative counsel) and Cox & Palmer (representative counsel) under the ongoing Companies’ Creditors Arrangement Act (CCAA) proceeding on behalf of Quadriga Read more …

Craig Wright, who desperately wants you to believe that he created Bitcoin, made an appearance at an event hosted by the Financial Times this past Friday. Vaudeville, the organizers said, is “where film noir meets performance finance.” Craig Wright Berates Audience, Promises to Donate $8 Billion from Satoshi Hoard FT’s own Jemima Kelly referred to the event as “The Fyre Festival of Finance.” The name harkens to Ja Rule’s Fyre Festival, a legendarily lousy music festival that turned into a Read more …

On Tuesday, Senate Banking Committee Chairman Mike Crapo said that the US couldn’t technically ban Bitcoin, given that it is a global innovation. However, in theory, there does exist a handful of ways to kill Bitcoin. US Politicians Agree that Bitcoin is Unbreakable Yesterday, the US Senate Committee on Banking, Housing and Urban Affairs discussed blockchain and cryptocurrency regulation. Chairman Mike Crapo suggested that it would be almost impossible for the US to ban Bitcoin. He stated: If the United Read more …

Bitcoin has been relatively quiet ever since it posted its 2019 high of $13,880 on June 26. From that point, the market has been on a steady pullback with a few short-lived rallies. Experienced traders would call the price action as “choppy,” where there are no big moves and the trend is mostly sideways. A choppy market is not exciting for day traders because there are no wild swings to profit from. It is also boring for momentum traders and Read more …