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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Opera Allows You to Convert Currency to BTC
A reddit user found that web browser Opera now lets you set preferences to convert currency to BTC.

The Effect of GDPR on Blockchain and Cryptocurrency Services
Lawyer and tech enthusiast Danica Sergison gives an overview of a few GDPR trends to be aware of if you use cryptocurrency services, including exchanges, wallets, and peer-to-peer marketplaces. A BlockExplorer exclusive.

Adult Film Star and Trump Adversary Stormy Daniels Adds Crypto Rewards to Her Professional Website
In an effort to encourage her site visitors to consume content, Story Daniels has added crypto rewards to StormyDaniels.com. Coindesk explains that what Daniels is using is called a Vice Industry Token (VIT) and “was created for use cases within the adult entertainment industry”. They go on to say that “tokens earned can then be used to access premium content or to purchase services at other sites supporting the token.”

Bitcoin Gold Suffers Double Spend Attacks, $17.5 Million Lost
Bitcoin Gold traders have been working on tracing the attack since last week. ZDnet reports, “Scrutiny of unusual activity on the network has revealed the scheme, in which “double spending” attacks have been launched against cryptocurrency exchanges trading the virtual currency.”

There’s 1 Bitcoin Hidden in This Puzzle, and Whoever Solves it Wins
Bitcoin community members are trying to crack a puzzle hidden within a word cloud image. CCN shares that the image “was posted earlier this week on the Bitcoin subreddit by new user cryptogreetings, who informed excited readers that one whole Bitcoin (currently worth $8300) was up for grabs for whoever could figure it out. At face value, the image is a word cloud of words and numbers taken from Bitcoin inventor Satoshi Nakomoto’s whitepaper, all different sizes and overlapping each other.”

South Africa Investigates $80 Million Bitcoin Scam
Reuters reports, “South African authorities are investigating an alleged cryptocurrency scam that defrauded investors of 1 billion rand ($80 million) with promises of huge returns that never materialized, police said on Friday.”

Image courtesy of Carty Sewill, http://cartyisme.com/

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

US Department of Justice, CFTC Investigating Bitcoin Market Manipulation
The United States Department of Justice has launched a probe into claims of market manipulation across bitcoin markets. BlockExplorer’s Tony Spilotro tells us that the investigation is in collaboration with the Commodities and Futures Trading Commission, which oversees derivatives of bitcoin and other coins.

Revolut Users Make 100,000 Bitcoin, Litecoin And Ethereum Exchanges Every Day
Forbes reports, “London-based fintech startup Revolut — which is today adding Bitcoin Cash and Ripple XRP to its cryptocurrency trading app — has revealed its users make around 100,000 Bitcoin, Litecoin and Ethereum exchanges everyday.”

Coinbase To Add Crypto Staking Feature in the Future
San Francisco-based Coinbase, one of the United States largest cryptocurrency exchanges, is following up their most profitable fiscal year with aggressive expansion, making a number of big-name acquisitions such as Earn and Cipher Browser, and rolling out an extensive suite of new products aimed at satisfying the needs of institutional investors.

American Express Announces a Blockchain Application To Its Membership Rewards Program
American Express is integrating blockchain technology developed by Hyperledger, an open source blockchain project, that will let merchants create customized offers for cardholders.

Image courtesy of Carty Sewill, http://cartyisme.com/

The United States Department of Justice has launched a probe into claims of market manipulation across bitcoin and other cryptocurrency markets. The investigation is in collaboration with the Commodities and Futures Trading Commission, which oversees derivatives of bitcoin and other coins.

According to a report from Bloomberg, the investigation is only in its early stages, and is focused on both bitcoin and ethereum, as well as various altcoins.

The investigation is aimed at manipulation techniques including ‘spoofing’ and ‘wash-trading’. Spoofing is a practice where traders place fake large volume orders on exchanges in an attempt to lure inexperienced investors into buying or selling, only to remove the order before it ever completes. Wash-trading involves a trader, or even a group of traders, trading back and forth with themselves to create an illusion of more market activity than what actually exists.

These behaviors allow ‘market makers’ to push the price of an asset in their desired direction, often resulting in substantial profit. Such market manipulation is illegal in traditional markets, and the activities put a spotlight on why regulation is so necessary for the budding cryptocurrency market that’s full of inexperienced traders.

Cryptocurrency, given its semi-anonymous design, its unregulated global market, and the overall lack of anti-money-laundering and know-your-customer enforcement at exchanges around the globe, makes it a market rife with manipulation and other fraudulent activity.

Financial regulators from key countries such as China, Japan, South Korea, Europe, and the US have been actively increasing efforts to establish guidelines for exchanges, but due to the complexity of the new asset class, there’s not a one-size-fits-all solution. Instead, officials at top exchanges such as Gemini’s Cameron and Tyler Winklevoss, believe that exchanges should band together to self-regulate.

Bitcoin’s price dropped to a May low of $7300 as a result of the news.

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Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Former Obama Aide Targeted by Anti-Crypto Political Ad for Accepting Bitcoin Donations
Brian Forde, a California Democrat running for the US House of Representatives, is accepting accepting campaign donations in Bitcoin. Vice’s Motherboard reports that Forde, “was a senior advisor to the Obama administration who wrote the White House memo on cryptocurrency. Now his congressional campaign is under attack by his opponent for accepting Bitcoin donations.”

MIT Researchers Testing A Smart Contract-Powered Bitcoin Lightning Network
MIT is exploring the application of smart contracts on Bitcoin Lightening Network to see if it can handle millions of transactions, and with a greater degree of complexity.

PayPal: We’ll ‘Certainly Support’ Bitcoin If It Becomes ‘Better Currency’
PayPal’s CFO, John Rainey, told CNBC cthat volatility was the reason PayPal does not currently “see a lot of interest” from its merchants regarding cryptocurrency acceptance. However, he signaled PayPal was not giving up on Bitcoin. “Right now, we don’t see a lot of interest from our merchants,” Rainey went on to say. “But if it’s something that stabilizes in the future and is a better currency, then we’ll certainly support that.”

Introducing Monero’s Ethereum-Killer: Tari
A group of industry experts are building a brand new protocol built on top of the Monero network that will enable token creation.


Image courtesy of Carty Sewill, http://cartyisme.com/

coin renders

Use our news to inform cryptocurrency trading decisions, stay up-to-date on happenings in the industry, and more!

Verge Blockchain Exploited Again, Hackers Steal $1.7 Million in Tokens
Last month, privacy-focused cryptocurrency Verge was the victim of a ’51 percent attack’ – an unfortunate scenario (for Verge and its investors) that resulted in roughly 250,000 XVG being stolen. Verge responded with a hard fork, but unfortunately, it appears the vulnerability still persists today despite countermeasures being taken. BlockExplorer’s Tony Spilotro reports.

Pentagon Contemplates Whether to Flag Cryptocurrency Owners as Risky
The Pentagon is trying to decide if owning cryptocurrency is an indicator of risky personal behavior, one that should flag extra scrutiny in security clearances.

TapJets Adds Ripple and Litecoin for Flight Bookings
TapJets, an American company that offers customers to submit private charter requests with their smartphones, makes it easy for users to pay for services with Bitcoin, and now also Ripple and Litecoin.

Bitcoin Cash is a Must-Own, Says Crypto Investor Brian Kelly
A proposed bitcoin cash development fund could give the digital currency more value, said cryptocurrency trader Brian Kelly to FastMoney this week.

​Akamai, Mitsubishi UFJ Financial Announce Blockchain-Based Payment Network
The payment network, ZDnet reports, “is expected to be capable of processing more than 1 million transactions per second, thanks to blockchain.”

Image courtesy of Carty Sewill, http://cartyisme.com/