Business

General Manager of Houston Rockets Basketball Team Bullish on Bitcoin

[ad_1] Daryl Morey, the general manager of the Houston Rockets basketball team, said that he recently bought more Bitcoin (BTC).On Aug. 23, Morey tweeted “I just bought more” in response a pro-Bitcoin tweet by Morgan Creek Digital Assets co-founder Anthony Pompliano, who said that Bitcoin allows investors to avoid the chaos of global markets.Indeed, some commentators have suggested that Bitcoin’s price can serve as an indicator of geopolitical turmoil and
Business

Crypto Market Sees Minor Losses After Trading Sideways

[ad_1] Monday, Aug. 26 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red. After trading sideways for most of the day, the market is currently seeing minor losses.Market visualization. Source: Coin360BTC is trading at $10,350 at press time — a 1.72% price decrease on the day. BTC has been mostly trading between $10,000 and $10,800 over the past seven days, with its current price sitting right
Business

New Zealand Radio Host Denies Shilling Bitcoin on Social Media

[ad_1] New Zealand radio personality Duncan Garner, who hosts The AM Show on MagicTalkRadio, has denied promoting Bitcoin (BTC) on Facebook.I don’t do any of that ‘coin’Local news daily NewsHub provided a video of Garner denying his involvement in the Facebook promotions on Aug. 26. Following an interview about a recent privacy breach in the government of New Zealand, Garner said:“That is not me on Facebook pumping up Bitcoin [...]
Business

VMWare CEO Gelsinger Condemns Bitcoin as Bad Design, Bad for Humanity

[ad_1] Pat Gelsinger, the CEO of major cloud computing and virtual machine company VMWare, has condemned Bitcoin (BTC) as being “bad for humanity.”Fortune spoke to Gelsinger about Bitcoin prior to VMWare’s annual conference in San Francisco on Aug. 26. According to Gelsinger, one issue with Bitcoin is its purportedly high energy consumption, which contributes to climate change. Gelsinger said:“It takes the energy of a home, half-a-home a day, to do
Business

CoinFlex Receives $10 Million Funding for Bitcoin Futures Settlements

[ad_1] Hong Kong-based cryptocurrency futures exchange CoinFlex has received $10 million through a funding round that closed last week.Recent funding and goalAsia-focused newspaper South China Morning Post (SCMP) reported the news on Aug. 26. According to the report, CoinFlex received funding from Bitcoin Cash (BCH) advocate and Bitcoin.com CEO Roger Ver, as well as Polychain Capital, NGC Ventures and Divergence Digital Currency.Polychain Capital and Digital Currency Group joined CoinFlex’s investment
EXCHANGES

The Changing Face of Cryptocurrency Trading in 2019

[ad_1] The cryptocurrency exchange landscape has evolved significantly in 2019. The number, quality and diversity of exchanges has multiplied, giving traders an unprecedented number of venues to choose from. This smorgasbord of options risks leaving traders overwhelmed, however, as exchanges jockey for supremacy, launching new features and products designed to woo the competition and cement their market share. These are the main trends and trading platforms that are changing the
EXCHANGES

300 Million Users of Popular Messaging App— Telegram About to Start Testing Crypto Trading

[ad_1] Based on a recent report, the ability to test how to trade digital currencies will soon be made available to users of mobile messaging giant —Telegram. A publication released by the messaging giant today stated that the developers of Button Wallet, a well-known messenger-based platform for trading Ethereum, Bitcoin Cash, Litecoin, Bitcoin and many other virtual currencies, are set to start a free cryptocurrency testing playground on Telegram’s Open
Business

Craig Wright Must Forfeit 50% of Bitcoin in Court Case

[ad_1] The protracted legal battle involving self-proclaimed Bitcoin (BTC) inventor Craig Wright and the estate of computer scientist David Kleiman could go in Keiman’s favor.According to a court audience member on Aug. 26, Judge Bruce Reinhart rejected Wright's testimony, stating that he had perjured himself by providing the court with falsified documents and recommended that he hand over 50% of the over 1 million bitcoins Kleiman mined with Wright as
BLOCKCHAIN

Crypto in Court — Overview of the Biggest Lawsuits Worldwide

[ad_1] Over the last 24 months, all major legal systems have been floundering to develop a regulatory framework that can be applied across the blockchain industry. This lack of a standard foundation has led to the world watching current court cases within the crypto industry with extreme scrutiny, as these will likely provide a precedence to build future regulatory decisions upon.Cointelegraph has covered many of these cases, with the most
Business

Brazil Central Bank Adopts IMF Guidelines for Crypto Classification

[ad_1] The Central Bank of Brazil has moved to classify bought or sold cryptocurrency assets per International Monetary Fund (IMF) guidelines.Brazil’s central bank announced its decision on Aug. 26. With the new classification under IMF standards, traded cryptocurrencies will be classified as non-financial products and as such, will be accounted as goods on the central bank’s balance sheet.A central bank balance sheet, just like a regular bank’s balance sheet, summarizes