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Indian Crypto Traders Undeterred by Ban Rumor

[ad_1] The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have weighed in on this possible bill, and another crypto exchange may be shutting down due to the banking restriction by the central bank. Also read: Indian Supreme
BLOCKCHAIN

Web 3.0 Will Change the World, Not Bitcoin

[ad_1] The world’s largest cryptocurrency, bitcoin (BTC), is not going to change the world as it is just a store of value, Galaxy Digital CEO Michael Novogratz said at ConsenSys’ Ethereal Summit on May 11.Major bitcoin bull and former Wall Street exec Novogratz made his comments during a speech entitled “The Herd Is Still Coming!” at the industry event, which Cointelegraph attended as a media partner.Starting with bitcoin, “as it
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Upgrading Ethereum: 2.0 and the Quest for Scaleability

[ad_1] Developers have long wanted Ethereum to serve as a decentralized world computer. To achieve this goal the network must maintain its current decentralized architecture while scaling by multiple orders of magnitude. The blockchain can currently handle just 15 transactions per second (tps). In order to serve the global population and the coming deluge of robots and autonomous devices, developers have a lot of work on their hands. There have
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‘Facebook Coin’ Will Be More Like Bitcoin Than Starbucks Rewards, Says Analyst

[ad_1] Speculations about the purpose of Facebook’s planned digital coin are getting wilder. Ignoring key features like independence and decentralization, one analyst predicts that ‘Facebook Coin’ would look more like Bitcoin or Ethereum than your Starbucks reward points. Facebook Coin Might Encourage Viewing Ads With growing interest, many are trying to envision Facebook’s planned ‘FaceCoin.’ Lacking specifics from Facebook, speculations abound about everything from the coin’s name to what it
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Markets Update: Crypto Bulls Outpace Stocks and Gold

[ad_1] Cryptocurrency markets have been doing extremely well over the last 48 hours, making a lot of prior skeptics think the bearish crypto winter may have ended. Since our last markets update three days ago, the entire cryptoconomy has gained close to $33 billion in value and trading sessions over the last 24 hours produced a whopping $81 billion in global trades. Also read: Bitcoin’s Software Has Been Rolled Back
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Three Very Different Paths to Blockchain Scaling

[ad_1] How do you scale a blockchain so that it can process hundreds or even thousands of transactions per second – but without compromising on decentralization? It’s a question that has kept some of the brightest minds in the space awake at night, and some of the more ardent crypto factions sniping at each other for years. In this primer on blockchain scaling, news.Bitcoin.com looks at the very different approaches
BLOCKCHAIN

US Blockchain Investor Terpin Awarded Over $75 Million in SIM Swapping Case

[ad_1] United States blockchain and crypto investor Michael Terpin has won $75.8 million in a civil case against 21-year-old Nicholas Truglia, who reportedly defrauded him of crypto assets. Reuters reported the news on May 10.Per the report, the California Superior Court last week ordered Manhattan resident Truglia to pay the amount above in compensatory and punitive damages. The amount is reportedly one of the largest court judgments awarded to an
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HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity

[ad_1] Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019. According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain. “With the EXODUS 1, we gave people the power to own their own keys, now we’re giving
Business

Bitcoin Approaches $7K as Top Cryptos See Double Digit Growth

[ad_1] Saturday, May 11 — most of the top 20 cryptocurrencies are reporting major gains on the day by press time, as bitcoin (BTC) breaks the $6,900 mark.Market visualization courtesy of Coin360Bitcoin is up over eight percent on the day, trading at $6,950 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up nearly 22%, surging in price since the end of the week.Bitcoin 7-day
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FinCEN Unveils New Bitcoin Guidelines: Here’s What You Need to Know

[ad_1] On Thursday (May 9, 2019), the U.S. Financial Crimes Enforcement Network (FinCEN) published new guidelines showing how anti-money laundering (AML) laws apply to Bitcoin and the rest of the cryptocurrency in general. Mandatory KYC for P2P Bitcoin Trading Platforms In a tweet published on Friday (May 10, 2019) notable cryptocurrency legal expert Jake Chervinsky provided a summary examination of the key highlights from the FinCEN guidelines. The main purpose