News about Bitcoin, ICO, Blockchain Technology, investment, mining
Luxury Car Manufacturer Begins Accepting Bitcoin for Vehicle Sales
California-based luxury electric car manufacturer Karma Automotive has begun accepting digital currency as a means of payment at one of its stores in Newport Beach.
Bitfinex launches a loyalty program, offering users to earn ‘unlimited’ commissions
Cryptocurrency exchange Bitfinex has just launched a new loyalty program, claiming to offer users an opportunity to earn “unlimited” commissions.
Supreme Court of India Postpones Cryptocurrency Ban Hearing to November
The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business.
Samsung SDS Pilots Blockchain-Based Medical Insurance Network
Samsung SDS, an IT solution developer partially owned by the South Korean tech conglomerate, is expecting to roll out a blockchain-based medical claims processing system this month.
Top Fed Official Says US Central Bank ‘Actively’ Debating Digital Dollar
A top Federal Reserve official said Wednesday that the U.S. central bank is “actively looking at and debating” issuance of a digital currency, amid growing worries among current and former regulators that the dollar might be at risk of losing its status as the world’s reserve currency.
Bermuda Starts Development of a Blockchain-Based National ID System
The initial phase of Bermuda’s national blockchain-based electronic identification program is setting sail, one of very few such initiatives anywhere.
Telegram Looks to Cut Deal With TON Blockchain Investors After SEC Order
Telegram has notified investors that the TON blockchain project will be launched later than planned, pushing the deadline from Oct. 30 to April 30, 2020.
French Central Banker: The World Needs to Standardize Crypto Regulations
A French central banker is calling for a global regulatory framework on crypto assets.
RBC Analysts: Squashing Libra Could Boost China’s Digital Currency
Analysts at RBC Capital Markets have suggested that stifling Facebook’s Libra may leave the field open to China’s central bank digital currency (CBDC) to dominate in emerging economies.
Ford To Begin Using Blockchain Technology To Track And Improve Fuel Efficiency
The major automobile manufacturer Ford is testing a new blockchain technology that has the goal of improving the fuel efficiency of its vehicles. According to the company, the technology will be used to monitor and implement driving modes that can use fuel in a much more efficient way.
CoinMarketCap now publishes interest rates on cryptocurrencies, allowing users to compare and choose
Cryptocurrency data provider CoinMarketCap has launched a new page, where it publishes interest rates offered on several cryptocurrencies, to help users compare and choose a suitable product.
Bermuda Now Accepts USDC Crypto for Taxes and Government Services
Residents of Bermuda can now pay their taxes in cryptocurrency.
US Law Enforcement Traces Bitcoin Transfers to Nab ‘Largest’ Child Porn Site
A U.S. federal grand jury indicted a South Korean citizen for operating the largest child porn site by volume, where visitors spent millions of dollars worth of bitcoin to pay for the illegal content.
Controversial Crypto Coin’s Rise Fueled by China Trading Ban
Cryptocurrency investors better not take their eyes off China, even after regulators there started to crack down on digital assets.
Foxconn Founder: Libra Can ‘Converge’ With China’s Digital Currency in Taiwan
Terry Gou, Taiwan’s richest man and the founder of manufacturing giant Foxconn, wants the island to roll out the red carpet for Facebook’s Libra cryptocurrency project.
Thrill-Seeking Drives Investors to Trade Crypto, Study Finds
Investors who trade cryptocurrency also tend to take bigger risks in the stock market, suggesting they are seeking dopamine more than diversification, according to a recent study.
SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF
The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds.
Bank of England cannot decide on its stance on Facebook’s Libra
The Facebook’s digital currency has become a focal point of global discussions and a target of criticism for many regulators and cryptocurrency industry participants alike.
Facebook’s Libra ‘incredibly important catalytic event’ for reform, says Swedish central bank chief
Stefan Ingves, governor of the Riksbank, the central bank of Sweden, is one of the few officials optimistic about Facebook-led proposed stablecoin project, Libra.
Cryptopia Starts Liquidating Assets, Creditor Repayment Date Still Unknown
Cryptopia was the first exchange to be hacked in 2019 and has arguably handled the situation worse than most exchange platforms, leaving customers in limbo for weeks while those in charge struggled to identify what went wrong.
SEC Draws on Investor Communications to Halt Telegram Token Launch
To justify halting the launch of Telegram’s long-awaited $1.7 billion blockchain project, the Securities and Exchange Commission (SEC) relied heavily on communications obtained from investors.
CME Says Bitcoin Futures Gaining Interest From Big Investors
CME Group, the Chicago-based exchange operator, said its bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional investors.
Satoshi, bitcoin's smallest unit, is now added to Oxford English Dictionary
The Oxford English Dictionary (OED), published by the Oxford University Press, has officially added the word “Satoshi” to its database. The decision was made as part of a quarterly update this month.
CoinShares jointly rolls out a gold token ‘DGLD’, built on the bitcoin network
Daniel Masters, chairman of CoinShares, told The Block that DGLD is built on the bitcoin network, which makes it different from all other existing gold-backed tokens in the market
Libra claims 180 potential replacements for 7 mutineers
Attempting to signal its popularity despite high-profile defections from Visa, Stripe and more, the Facebook-led cryptocurrency Libra Association announced that 1,500 organizations have expressed interest in joining the Libra project — 180 of those meet eligibility requirements to become members, which could replace the seven companies that dropped out of the Association this month, including Kayak owner Bookings Holdings today.
Expert: Bitcoin futures are not going to save the industry
The launch of Bakkt's delivery bitcoin futures could not greatly affect the cryptocurrency industry in the first place. Such an opinion was articulated in an interview for LetKnow.News by blockchain investor and co-founder of SWIDOM business consulting agency David Shengart.
Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO
Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade.
Facebook's digital currency dealt another blow
Facebook's Libra cryptocurrency must not go ahead until the firm proves it is safe and secure, according to a report by the G7 group seen by the BBC.
Bitcoin Still the Preferred Cryptocurrency of Cybercriminals: Report
One of the best-known, longest-lasting applications of Bitcoin has been its use as money by those who are involved in black market activities on the internet. Indeed, many Bitcoin users interacted with the cryptocurrency for the first time when they decided to purchase some ecstasy or weed from one of the many available darknet markets.
Zcash Will Get a Gateway Into Ethereum’s DeFi Ecosystem
When cryptocurrency fans gathered in Osaka, Japan, this week for the Devcon developer conference, the halls were filled with buzz about smaller projects seeking access to ethereum’s decentralized finance smorgasbord, especially loans and financial products, via interoperability.
Bitcoin Will End the Reign of ‘Dictators and Toll Trolls,’ Says Tim Draper
Billionaire investor Tim Draper has stated that he expects Bitcoin (BTC) — combined with other technologies — to change how governments operate worldwide.
10 Years Since The First Bitcoin Transaction: 5050 BTC For $5
It’s safe to say that Bitcoin has come a long way since it was first introduced to the public. Interestingly enough, exactly 10 years ago on this same day, the first market transaction took place. Let’s have a look at how it went and where we are today.
David Shengart: TON and Libra are Next Big Thing
ShapeShift’s Erik Voorhees Sees Bitcoin at $20,000 Year End, 2020 “Next Bubble Cycle”, Ledger Support “This Year”
Kristina Nemchinova: The time of crypto freedom is coming to an end
Can Crypto Exchanges Ever Be Truly Decentralized?
Crypto Scams: The Effect on Consumers and Legitimate Businesses
Redefining Financial Services In 2019