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Showing posts from September, 2020

French police arrest terror financing ring that used Bitcoin coupons

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The terror financing ring reportedly bought cryptocurrency coupons in licensed tobacco shops across France. Go to the article

Disney Lays Off 28,000, Mostly at Its 2 U.S. Theme Parks

The company said it would eliminate thousands of jobs at its resorts in Florida and California, which have been hit hard by the pandemic. Go to the article

Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding

On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down. The firm behind the project, OB1 is also removing the Haven app from the iOS App Store and Google Play on October 1. The open-source decentralized marketplace project Openbazaar started from an idea first conceived at the Bitcoin Hackathon in Toronto in April 2014. The first version o Go to the article

Crypto-Fueled Market Openbazaar to Close Shop Unless OB1 Raises Community Funding

On September 25, the creators of the decentralized marketplace, Openbazaar, announced that unless the project can gather community funding, the supporting services like seed nodes and the API wallet will shut down. The firm behind the project, OB1 is also removing the Haven app from the iOS App Store and Google Play on October 1. The open-source decentralized marketplace project Openbazaar started from an idea first conceived at the Bitcoin Hackathon in Toronto in April 2014. The first version o Go to the article

I’ve bought these three UK dividend stocks in my pension portfolio to fund my retirement

I like UK dividend stocks in my pension portfolio for two reasons. First, you can reinvest dividends. This, along with share price growth, compounds the growth of a portfolio. When it’s time to retire, the bigger the pension pot, the better. Second, dividends equal income in retirement. If a pension pot generates passive income, its capital can be preserved. In particular, I like large-cap UK dividend stocks in my retirement portfolio. Getting more specific, I like the so-called dividend heroes Go to the article

Digital Commodity Exchange Act of 2020: US Lawmakers Propose Single National Crypto Framework

Lawmakers in the U.S. have introduced the Digital Commodity Exchange Act of 2020 to create a single, national regulatory framework for cryptocurrency trading platforms, including those that trade bitcoin, ether, their forks, and other cryptocurrencies. On the same day, the Securities Clarity Act was also introduced. Digital Commodity Exchange Act of 2020 The bill entitled “Digital Commodity Exchange Act of 2020 (DCEA)” was introduced by U.S. House Agriculture Committee Ranking Member Michael Con Go to the article

Congress sees two new bills looking to chart CFTC and SEC regulatory turf in crypto

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A big day for crypto legislation in the United States. Go to the article

Revealing crypto exchange’s physical location was not harmful, court rules

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A former employee’s actions did not cause ‘damage or loss, in any amount’ to the exchange. Go to the article

Bond investors start to pay more attention to ESG issues

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With commercial banks now getting involved, Asian issuers and investors are starting to pay more attention to environmental, social and governance issues. Go to the article

Bitcoin ATMs Surpass 10,100 Worldwide: Expert Shares Industry Outlook

The bitcoin ATM industry has reached a milestone as the number of machines installed worldwide has surpassed 10,000 after seven years since the first machine was installed. There are now 10,162 bitcoin ATM locations spread across 71 countries. Number of Bitcoin ATMs Exceeds 10K The number of cryptocurrency ATMs has grown significantly over the years, surpassing 10K last week. “It took industry roughly 7 years to reach this point since the first permanent bitcoin ATM installation in the end of 20 Go to the article

US Indicts Hackers Stealing $17M in Bitcoin and Ether From Binance, Poloniex, Gemini Users

Two people have been charged in the U.S. for allegedly using “a sophisticated market manipulation scheme” to defraud and steal $17 million in bitcoin and ether from users of three cryptocurrency exchanges worldwide. The targeted exchanges were Binance, Poloniex, and Gemini. Binance, Poloniex, Gemini Users Targeted Globally The U.S. Department of Justice announced last week that two Russian nationals have been charged with crimes in connection with “an alleged conspiracy to defraud three cryptocu Go to the article

XSwap Started Yield Farming, The Highest APY Reaches 70,000%

XSwap, a main products of Xfinance ecosystem, has launched Uniswap LP token liquidity mining. This is a fair version, 100% distributed to the community, with No team shares, No Pre-mine. Governed by the Xfinance community. In just a few hours, the funds in the pool are above to 5000ETH. The highest APY reaches 70,000%! XSwap dapp link: https://xswap.app How to participate in XSwap Uniswap liquidity mining? Choose your favorite pair and add liquidity on Uniswap, then approve and deposit UNI-LP to Go to the article

Over 40 Bitcoin Forks Are Down More Than 98% Since 2017’s Forking Fiesta

Since the summer of 2017, more than 44 forks of the Bitcoin network were created and so far many of them have lost considerable value and are near worthless. To-date only a few of the forks that stem from Satoshi’s creation have remained relevant during the last three years. There are three branches of Satoshi Nakamoto’s codebase that have commanded top positions within the top fifteen coins in the crypto coin market economy. Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoinsv (BSV) have all been t Go to the article

Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents

A study from the team at Kisspatent shows that Alibaba Group is the largest blockchain patent holder in 2020 capturing 10x the number of patents held by IBM. The report notes that blockchain patents “are skyrocketing” this year and so far in 2020, there’s been more distributed ledger technology and cryptocurrency patents published than all of 2019. It seems distributed ledger technology and cryptocurrency solution patents are becoming a thing again in 2020. A few years ago various reports said t Go to the article

Forget Brexit and the stock market crash! I’d buy Tesco shares to retire rich

The prospects of a second stock market crash and hard Brexit are weighing heavily on the outlook for the stock market right now. However, I think Tesco (LSE: TSCO) shares could be the perfect investment to navigate this uncertainty. Today, I’m going to try and explain why.  Tesco shares for uncertain times As the UK’s largest supermarket group, Tesco is a relatively defensive enterprise. People will always need to eat and drink. For many customers, a Tesco is the nearest store for them to acqui Go to the article

‘It’s So Essential’: WeChat Ban Makes U.S.-China Standoff Personal

When downloads of the Chinese-owned messaging service are barred in the U.S. starting at midnight on Sunday, the feud between the countries will hit home for millions of people. Go to the article

Tax Strategies to Embrace, or Avoid, Before the November Election

No one knows the outcome of the presidential race or how Congress could adjust the tax code next year. But there are changes taxpayers can make now, financial advisers say. Go to the article

Wildfires and Hurricane Sally: How to Help

With fires on the West Coast and floods on the Gulf Coast, relief organizations are providing meals and shelter to devastated communities. If you want to give aid, here are some research pointers. Go to the article

Stock market crash: 3 reasons why cheap UK shares could soar

Even though some stocks have recovered after the recent market crash, there are still a wide range of cheap UK shares available to buy. In the long run, they could deliver impressive returns due to their low prices, the stock market’s past performance and their improving financial prospects. As such, now could be the right time to buy a range of undervalued British stocks from the FTSE 100 and FTSE 250. They could have a positive impact on your financial outlook over the coming years. The impro Go to the article

House Report Condemns Boeing and FAA in 737 Max Crashes

A committee’s Democrats say two fatal crashes were a “horrific culmination” of engineering flaws, mismanagement and oversight lapses. Go to the article

Korea resets benchmarks for domestic bond issuers

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Republic of Korea has become the first non-European issuer to price a euro bond with a negative yield, but it also reset the benchmark for other Korean issuers. Go to the article

Mad Money’s Jim Cramer ‘Fixated’ on Buying Bitcoin, Fears Massive Inflation

Jim Cramer, the Mad Money host and The Street co-founder, said he is “fixated” on needing to own bitcoin because he fears a “massive amount of inflation.” While he owns “so much gold,” he is adamant about leaving a bitcoin inheritance to his children. Jim Cramer to Regularly Buy Bitcoin Jim Cramer is the host of Mad Money on CNBC, a former hedge fund manager, and a co-founder of Thestreet.com, a financial news and literacy website. During a podcast interview with Morgan Creek Digital partner Ant Go to the article

INX Becomes the First SEC-Registered IPO to Accept Crypto

15th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has set to raise the first $7.5 million of its up to $117 million IPO in dollars and not crypto, has been met, investors will be able to purchase INX tokens with these coins, here: https://token.inx.co/ INX h Go to the article

NFT Economy Grows Exponential: $1M in Non-Fungible Token Sales Last Week

While a number of people are focused on decentralized finance (defi), the non-fungible token (NFT) industry has also exploded in demand in 2020. Last week, NFT sales soared nearing a million dollars in volume, as the blockchain-based Sorare fantasy soccer card game saw over $221,000 in sales during the last seven days. When Satoshi Nakamoto created the blockchain, the innovative technology allowed for permissionless money, but also a number of tokenization features as well. One idea called the n Go to the article

Why buying cheap UK shares today could be a rare opportunity to get rich and retire early

Some cheap UK shares have failed to make successful recoveries following this year’s market crash. Even though the wider stock market has rebounded sharply, a number of companies continue to face difficult operating conditions that are reflected in weak investor sentiment. While they may take time to deliver a recovery, now could be the right time to buy them. Their low valuations are unlikely to remain in place over the long run. This could translate into high capital returns for new investors Go to the article

Huge ‘Bitcoin Tram’ Ad Campaign and 20 Billboards Flood Hong Kong’s Financial District

A massive Bitcoin ad campaign has launched in the heart of Hong Kong’s financial district, featuring three Bitcoin trams and 20 matching billboards. It is a community initiative coordinated by the Bitcoin Association of Hong Kong, an organization with more than 5,000 members. The Bitcoin Tram Campaign The Bitcoin Association of Hong Kong announced Friday the start of a massive bitcoin awareness initiative called the Bitcoin Tram campaign. Various ads are scheduled to run between Sept. 11 and Oct Go to the article

European Union Seeks Strict Regulation of Crypto and Stablecoins in New Draft Law

The European Commission, the executive arm of the E.U., has drawn up regulation to tightly monitor cryptocurrencies it considers “significant”, including asset-backed stablecoins like Facebook’s libra. Euractiv, a European news outlet, first reported the news on Sept.10, citing a leaked 167-page draft crypto proposal. According to the report, the regulation will seek to tackle bitcoin’s high volatility as well as “risks posed by systemic ones, like libra” by creating a “new college of supervisor Go to the article

Defi Project Yfdex.Finance Vanishes With $20M Investors’ Funds Just Two Days After Launch

Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media, and then disappeared without a trace. Crypto investor and analyst Cryptowhale on Thursday tweeted about Yfdex’s alleged dramatic plunder, a classic hit, and run. “Another day, another Defi scam!” the analyst r Go to the article

South African Crypto Exchange Luno Expanding Globally After Acquisition by Digital Currency Group

Digital Currency Group has acquired South African cryptocurrency exchange Luno, which has more than five million customers in over 40 countries. The acquisition will help Luno expand globally, including across its existing markets in Africa, Europe, and Asia. DCG Committed to Helping Luno Expand Globally New York-based Digital Currency Group (DCG), an investment firm that has backed more than 160 blockchain companies in 35 countries, announced Wednesday the acquisition of South African cryptocur Go to the article

Targeted by IRS? What Cryptocurrency Owners Should Know

The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How to Deal With IRS Letters The IRS has ramped up its efforts to ensure that cryptocurrency owners pay all crypto-related taxes. It has begun sending out a new round of tax letters similar to the ones sent to a Go to the article

Targeted by IRS? What Cryptocurrency Owners Should Know

The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How to Deal With IRS Letters The IRS has ramped up its efforts to ensure that cryptocurrency owners pay all crypto-related taxes. It has begun sending out a new round of tax letters similar to the ones sent to a Go to the article

Noncustodial Bitcoin Cash Client Zapit Demos In-Wallet SLP Dividends Tool

During the last week, Bitcoin Cash proponents have been discussing Zapit, the noncustodial BCH wallet that also supports Simple Ledger Protocol (SLP) tokens. Zapit’s team recently revealed on Twitter that developers have been working with a new dividends tool built into the mobile wallet. Zapit is a bitcoin cash (BCH) wallet that was released on the Google Play store roughly five months ago. The wallet also supports SLP tokens and the team aspires to “build the best on and off-ramp to cryptocurr Go to the article

Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge

Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm Chainalysis released a new study of cryptocurrency usage in Latin American countries based on on-chain data and interviews with experts in the region last week. The study is part of the firm’s Geography of Crypt Go to the article

‘Bitcoin Should Be Traded Like Stock’ in India, Says Think Tank Founder

The founder of Begin India Think Tank says that bitcoin should be regulated as stock, which he believes is the legal status the cryptocurrency should get in India. He also believes that Bitcoin may be the most secure technology in our lifetimes. How Bitcoin Should Be Regulated in India Begin India Think Tank founder Deepak Kapoor has shared his view on how bitcoin and other cryptocurrencies should be regulated in India in an interview published by local business magazine BW Businessworld on Sund Go to the article

‘Bitcoin Should Be Traded Like Stock,’ Says Begin India Think Tank Founder

The founder of Begin India Think Tank says that bitcoin should be regulated as stock, which he believes is the legal status the cryptocurrency should get in India. He also believes that Bitcoin may be the most secure technology in our lifetimes. How Bitcoin Should Be Regulated in India Begin India Think Tank founder Deepak Kapoor has shared his view on how bitcoin and other cryptocurrencies should be regulated in India in an interview published by local business magazine BW Businessworld on Sund Go to the article

Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks

The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours. A Twitter user Spensernoon first made the allegations. However, in a series of seemingly convoluted tweets, Chef Nomi, the self-professed creator of Sushiswap, has denied the allegations. The creator tweeted: People asked if I Go to the article

Sushiswap Founder Reportedly Exit Scams as Sushi Token Price Tanks

The anonymous founder of Sushiswap has reportedly exit scammed after converting all of his sushi tokens to ETH on September 5. Reports of the alleged scam came a few after the sushi token, which forked from the Uniswap protocol, went up in value to $10 in just 24 hours. A Twitter user Spensernoon first made the allegations. However, in a series of seemingly convoluted tweets, Chef Nomi, the self-professed creator of Sushiswap, has denied the allegations. The creator tweeted: People asked if I Go to the article

Criminals Target Privacy Coins: How To Avoid Downloading Fake Wallet Apps

Reports in the past few weeks detail that bad actors are targeting two privacy coin projects, Monero and Zcash, adding to concerns about the growing rate of security incidents involving blockchain networks. Such incidents, as well the repeated 51% attacks on the Ethereum Classic network or the Electrum wallet breach, suggest criminals are becoming more sophisticated. Still, bad actors sometimes use less sophisticated methods and appear to get away with it. For instance, the security breach targ Go to the article

Research: New Malware Employs Tor and Bittorrent To Steal Bitcoin and Ether

A new trojan called Krypto Cibule uses infested computers’ power to mine cryptocurrency, steal crypto wallet files, and redirect incoming digital assets to a hacker address. The malware rides on the Tor network and the Bittorrent protocol to perform attacks, according to an extensive report by cybersecurity company, ESET. “Krypto Cibule is spread through malicious torrents for ZIP files whose contents masquerade as installers for cracked or pirated software and games,” researchers Matthieu Faou Go to the article

‘Black Love’ Keeps It Simple: Honesty, not Antics

The documentary-style reality series maintains its focus on Black lives and relationships while avoiding typical reality TV stunts. Go to the article

Researchers identify 10 security flaws with SushiSwap

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As yield farmers race to reap fast returns from the next hot Uniswap clone, security researchers caution about the risks of unaudited smart contracts. Go to the article

Warren Buffett Shifts Funds From US Amid Inflation Fears, Bitcoin’s New All-Time High Expected

Warren Buffett has made another major investment shift, one that reduces Berkshire Hathaway’s dependence on the U.S. economy. This news followed the Federal Reserve’s policy announcement to “push up inflation,” which is seen as bullish for bitcoin, with some predicting that the price of the cryptocurrency will soon reach an all-time high. Buffett Reducing US Dependence Warren Buffett’s Berkshire Hathaway has invested over $6 billion in Japan’s five biggest trading houses. The company has taken a Go to the article

Finny Review: Get Investing Advice From An AI-Powered Bot

Do you want to learn more about personal financial management but without paying for a costly financial advisor? Maybe you are someone who doesn’t mind digging into the details on your own to get the answer.You may find that getting your own answers is rewarding. Or, it could just be that you don’t want to pay for a financial advisor. If either of those sounds like you, then you're probably going to like Finny. In this article, we’ll go over what Finny is all about. Quick SummaryPersonal fina Go to the article