EXCHANGES

Anypay and Cointext Launch BCH-Powered Remittance Solution for Merchants

[ad_1] On June 3, crypto startups Anypay and Cointext debuted a global remittance application for independent merchants. The new payment solution utilizes bitcoin cash (BCH) and allows anyone from anywhere to send funds faster and cheaper than traditional remittance platforms. Also read: Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading The New Anypay and Cointext Remittance Solution Aids Capital Mobility The value of remittances being sent overseas and
EXCHANGES

Long Bitcoin, Short Duetsche Bank Has Been The Best Trade in 2019

[ad_1] Buying Bitcoin while shorting the stocks of multinational investment bank Deutsche Bank in 2019 might be the best trade you could have done in 2019.  Long Bitcoin, Short The Bankers “Long Bitcoin, Short The Bankers” has turned into a somewhat popular catchphrase commonly used by Morga Creek Capital’s Anthony ‘Pomp’ Pompliano. Looking at hard data and crunching the numbers, however, tells us that this might be a lot more
Business

Polish Exchange Shuts Down and Disappears With Customers Funds

[ad_1] Polish cryptocurrency exchange Coinroom has reportedly shut down its operations and disappeared with customer funds, local business news outlet money.pl reported on May 31.Money.pl received an email from one of its readers, who stated that Coinroom —  which was registered in 2016 — ceased operations overnight and disappeared with customers’ money in April. Some users say they had up to 60,000 zloty (around $15,790) in their accounts.Before ceasing its
BLOCKCHAIN

Malaysian Securities Regulator Registers Three Cryptocurrency Exchanges

[ad_1] The Securities Commission Malaysia (SC) has registered cryptocurrency exchanges Luno Malaysia, Sinegy Technologies and Tokenize Technology, according to a press release on June 4.Crypto exchanges are reportedly required by law to register with the SC, and the recently-approved exchanges will have up to nine months to achieve compliance with the SC’s regulation standards.In a statement shared with Cointelegraph, Luno stated that the aforementioned three exchanges are the only registered
BLOCKCHAIN

Neo Announces New Consensus Mechanism For Its New Mainnet

[ad_1] Chinese-based blockchain platform Neo has implemented a new iteration of its consensus algorithm, the Byzantine Fault Tolerance mechanism (dBFT 2.0), on its mainnet, according to a press release on June 4.The new algorithm purportedly provides immediate transaction finality. dBFT 2.0 includes a new procedure for reintegrating failed nodes back into the network, and also adds a “commit phase” of consensus, which alleviates forking issues by including a step that
EXCHANGES

BCH Businesses Launch Development Fund for Bitcoin Cash

[ad_1] On May 30, the FVNI Development Society in collaboration with Bitcoin.com, Bitcoincash.org, Electron Cash, Bitcoincash.com and a multitude of individuals and businesses in China launched a new fundraiser to support the software engineers who maintain the technical development of the Bitcoin Cash network. The goal for Phase One is to raise 800 BCH by August 1, 2019, and BCH supporters can help fund development by visiting Bitcoin.com/fundraise, the front
BLOCKCHAIN

China Leads World in Tether Trading Volumes in 2019

[ad_1] Chinese cryptocurrency exchanges facilitate 60% of all stablecoin tether (USDT) trading globally, according to an analysis by Diar on June 3.According to the report, Chinese exchanges in 2019 thus far account for over $10 billion in USDT trading. The United States, in contrast, is said to account for only $450 million of USDT traded. Global exchange giants Binance and Bitfinex reportedly account for close to the remaining amount of
BLOCKCHAIN

Marshall Islands Form Dedicated Fund to Support Implementation of Its National Crypto

[ad_1] The Republic of the Marshall Islands (RMI) has formed a non-profit organization to support the government in the implementation of the country’s national digital currency. The development was announced in a press release on June 4.The RMI has established the SOV Development Fund to support the government’s plan in the development and implementation of the country’s national digital currency, the Sovereign (SOV).The fund will be fully independent, with a
BLOCKCHAIN

Blockchain-Based Alternative Investment Firm to Be Listed on Bloomberg Terminal

[ad_1] A blockchain-based alternative investment provider that tokenizes commercial debt is being listed on the Bloomberg Terminal, according to a news release published on June 4.Cadence is believed to be the first digital asset to obtain a Financial Instrument Global Identifier (FIGI), enabling professionals who use the Bloomberg Terminal to research its offering and execute trades.The company connects investors with businesses that need to borrow money in order to plug
EXCHANGES

The SEC Officially Sues Kik for Hosting an Illegal Securities Sale

[ad_1] A newly released document shows the U.S. Securities and Exchange Commission is suing Kik for holding a $100 million dollar ICO in 2017.  SEC Claims $100 Million Token Sale was Illegal An SEC filing from June 4 shows that the U.S. Securities and Exchange Commission (SEC) is suing Kik for what it considers to be unregistered securities offering. Kik held its initial coin offering (ICO) for its Kin token