Square Crypto Trading App Beats PayPal’s Venmo With 3x Growth

Square Cash, a cryptocurrency-enabled trading app, is growing three times faster than PayPal’s fiat-based Venmo, trading giant Nomura has revealed. ‘More Than Just A Bitcoin Play’ The company’s Square Cash app, which added cryptocurrency functionality in January, has defied Bitcoin price trends ever since, growing its user base despite overall Bitcoin market activity decreasing. “Square […]

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Custody Issues Will Soon Disappear, Allowing Big Money to Flood the Crypto Market

Instruments such as the Namoura Consortium might soon solve the issue of custody, the main obstacle that has been hindering the flow of institutional money into the crypto market. The Three Crypto Evils: Custody, Regulations, and Trading Big financial institutions’ interest in participating in the cryptocurrency market continues to grow. They are investing heavily and […]

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Japan’s Biggest Social Network to Launch Cryptocurrency Exchange

Japan’s biggest social network LINE will launch a cryptocurrency exchange under a Singapore-based subsidiary in July — but will exclude Japanese and, initially, US users. ‘In Compliance With Rules And Regulations’ A press release issued June 28 confirms the move, which follows debates with Japanese regulators stretching back to January this year. Now, BITBOX, as […]

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Lightning Network Gets 3 Beta Implementations as Adoption Spreads

The week of June 25 marked a new array of firsts for Bitcoin’s Lightning Network with acceptance rising and all three of its implementations entering beta. c-lightning, lnd And Eclair Go Beta The product of intense development, c-lightning, lightning network daemon (lnd) and Eclair formally entered beta release Monday. Commenting on the milestone, c-lightning developer […]

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Cryptocurrencies Are ‘A Much Cheaper Way of Doing Business,’ Says Former Overstock Chair

Georgi Georgiev · June 14, 2018 · 4:00 pm Jonathan Johnson, ex-chairman of Overstock’s board of directors, touched on the benefits of cryptocurrencies and noted the tremendous potential of blockchain-based technology. Despite the currently hemorrhaging market, he still sees a lot of advantages in utilizing cryptocurrencies over traditional credit card payments.   Better Than Credit […]

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TRON ‘Acquires’ BitTorrent, Price Fails to React

Wilma Woo · June 12, 2018 · 6:00 am P2P content sharing giant BitTorrent has a new owner — TRON platform founder Justin Sun — multiple reports began claiming on June 11. A Merger Of Two Rainberries Following original rumors late last month, it now appears Sun has completed an acquisition of BitTorrent, with staff […]

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South Korea Claims $28M Tax From Bithumb But Finds No ‘Illegal Activity’

Wilma Woo · June 8, 2018 · 8:00 pm South Korea’s National Tax Service (NTS) has requested $30 billion won ($28 million) in taxes from major cryptocurrency exchange Bithumb in a move which has gained positive feedback from the community. Bithumb ‘Will Not Object’ To Tax Bill Local media reported on June 8 that Bithumb, which […]

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Huobi: ‘Our Dream is To Run on the Public Blockchain, Become a DAO’

Allen Scott · June 6, 2018 · 9:00 am Huobi Group — whose Huobi cryptocurrency exchange is in the global top three by volume — has announced the launch of the Huobi Chain Project (HCP), along with a $100 million USD funding plan to build a next-generation, autonomous, decentralized exchange platform.  Huobi CEO: ‘We Firmly […]

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UK Mosque Defies Islamic Scholars To Accept Bitcoin Donations

Wilma Woo · May 23, 2018 · 5:00 am A UK Turkish-owned mosque will become the country’s first to accept cryptocurrency donations during Ramadan, putting it at odds with Ankara on the subject. ‘Uncharted Waters’ Shacklewell Lane Mosque in Hackney, East London, also known as Masjid Ramadan, announced the measures as part of the Islamic […]

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The World Celebrates the 8th Anniversary of the First Bitcoin Transaction: Buying Two Pizzas

Julio Gil-Pulgar · May 22, 2018 · 5:00 pm The crypto-community celebrates the 8th anniversary of the first commercial transaction in which Bitcoin was used as a real-world currency to pay for an item. Two Pizzas for 10,000 Bitcoins On 17 May 2010, computer programmer Laszlo Hanyecz posted on the Internet a request to buy […]

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