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Source: BtcManager.com

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Bitfinex, Tether Claim a Legal “Victory” against the NYAG
The cryptocurrency exchange Bitfinex on May 23, 2019, had a sigh of relief amidst the ongoing Tether (USDT) controversy as it won a partial block on demands for information from the New York Attorney General (NYAG) Office, Bloomberg reports. A… Read full article
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FINRA Approves Grayscale Ethereum Trust for Retail Investors
According to a Bloomberg report published May 23, 2019, digital currency investment company Grayscale Investments LLC is poised to open its Etheruem Trust to retail investors after receiving approval from the Financial Industry Regulatory Authority (FINRA). Grayscale Ether Trust Now… Read full article
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Bad Actors Now Scamming Bitcoiners Via Google Play  
Just like in the traditional financial system where fraudsters never cease to exist, crypto thieves are also getting smarter every day. In the latest, they’ve now moved from conducting cryptojacking operations to creating fake apps on Google Play, in a… Read full article
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How Québec’s Industrial History Is Making Way for Bitcoin Mining
The technical infrastructure of the Canadian province has been in place since the turn of the century. And much like several states from its border partner just South, many of these relics of the industry are going to waste. Electricity… Read full article
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IRS Set to Introduce Clear-cut Cryptocurrency Tax Rules
The IRS appears to have listened to concerns raised by various parties concerning clear cryptocurrency guidelines. As Coincenter reports, the tax administrator responded to a letter by a bi-partisan group of the U.S. Congress, stating that it has made cryptocurrency… Read full article
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Fantom and Binance Team up for Multi-Asset Cross Chain
Fantom, a distributed ledger based on Directed Acyclical Graphs (DAG), is tying up with Binance to leverage Binance Chain in launching a cross chain platform, as announced on May 22, 2019. The partnership will support assets that follow ERC20, native… Read full article
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The U.S. Just Got its First Cryptocurrency-themed Cafe
WPTV on May 22, 2019, reported the establishment of the first crypto-themed cafe in the United States. Located in downtown West Palm Beach, Florida, the cafe, according to its owner Nelson Winter, is an initiative to educate people about cryptocurrencies… Read full article
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Israeli Court Orders Bitcoiner to Pay Nearly $900,000 for Tax Evasion
The Israel Tax Authority has won a court case against Noam Copel, a Bitcoin investor and founder of a blockchain startup called DAV, who bought the cryptocurrency in 2011 and sold it in 2013 with a profit of NIS 8.27… Read full article
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Bicameral Interconnected Investments: A New Take on Strategic Blockchain Investing
Venture capital firm Bicameral Ventures has funded three new companies to help build a technological ecosystem and improve product development management. Nodesmith, metaMe, and Velocia provide an array of mutual solutions from improving developer uptime to enhancing traffic flow management… Read full article
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U.S. Court Claims American Rapper Sold Unregistered Securities During FLiK ICO
On May 20, 2019, Stephen Palley, a lawyer, published the United States District Court of Northern District of Georgia, Atlanta Division’s order containing allegations by plaintiffs that Clifford “T.I.” Joseph Harris, a famous American rapper, sold unregistered securities called FLiK… Read full article
10h ago
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Bitfinex and Ethfinex Launch Initial Exchange Offering Platform Tokinex
In a blog post on May 21, 2019, Bitfinex, a Hong Kong-based cryptocurrency exchange & Ethfinex, a decentralized exchange owned by Bitfinex announced the launch of Tokinex, an initial exchange offering (IEO) platform which can be used by qualified customers… Read full article
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Brazil: Law Forces Nab Criminals for Orchestrating $248 Million Cryptocurrency Scam
Law forces in Brazil have clamped down on a cryptocurrency crime cartel accused of duping more than 55 thousand investors of more than approximately $248 million, The Next Web reports, May 22, 2019. Crypto Criminals Nabbed The ease of committing… Read full article
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Tether Admits Buying Bitcoin with USDT Reserve
In a court transcript from a May 16, 2019, hearing between the New York Attorney General’s (NYAG) office and Tether, the sister company of Bitfinex, Tether has admitted that some of its reserves were also invested in bitcoin and other… Read full article
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Early Backers of Cryptocurrency Startup Block.one in Line for Mega Payday
PayPal’s Peter Thiel and other early Block.one backers are in line to receive returns of more than 6,500 percent for their initial investments, Bloomberg reports. The cryptocurrency startup is looking to buy back ten percent of its shares. Meanwhile, hedge… Read full article
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Mozilla Firefox’s Update to Protect Users against Cryptojacking and Fingerprinting
Twenty years since developing and providing an alternative Internet experience, Mozilla Firefox on May 21, 2019, rolled out a new update of its browser. The updated version is said to make browsing faster as well as prevent users against cyber… Read full article
15h ago
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China Bitcoin Ban: Lawyer Says Occasional BTC P2P Exchange Is Legal
A member of the Bank of China Law Research Association says sporadic bitcoin (BTC) trading isn’t illegal in the country despite the trading ban enacted in 2017. This new revelation by cnLedger, a cryptocurrency news source that focuses on China,… Read full article
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Circle CEO Announces Eliminating Ten Percent of Staff Citing Regulatory Certainty as Reason
Jeremy Allaire, the CEO of Circle, the company behind the famous Poloniex exchange and the USDC stablecoin, tweeted May 22, 2019, that the company was laying off ten percent of their staff at Circle as a result of the restrictive… Read full article
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Stablecoin Usage Soars in 2019
Stablecoins, led by Tether (USDT), have already made a lasting impression on 2019 with volumes beating that of 2018 in a mere five and a half months. According to a report by Diar, May 21, 2019, Tether has seen nearly… Read full article
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Bitcoin and Ether Market Update: May 23, 2019
The total crypto market cap lost $12 billion of its value since May 20, 2019, and dropped to $239 billion. The top ten currencies are all in red for the last 24 hours with Stellar (XLM) and Cardano (ADA) being… Read full article
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New Zealand Blockchain Group Asks Govt. for National Strategy
BlockchainNZ, an organization that claims to be focused on enabling New Zealand businesses and individuals to advance in all things distributed ledger technology (DLT ), cryptocurrency and decentralization, is set to work with the nation’s authorities to implement a national… Read full article
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Ethereum Update: Funding and Development Roadmap
With incredibly ambitious projects in the pipeline, the Ethereum Foundation has released its spring update, on May 21, 2019, to provide insight as to how the money will be spent and which functional areas will be targeted. The Ethereum Foundation… Read full article
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The Zimbabwe Stock Exchange Hints At Blockchain Integration  
At a time when forward-thinking financial institutions across the globe are increasingly integrating distributed ledger technology (DLT) into their processes in a bid to foster transparency and enhance productivity, the Zimbabwe Stock Exchange (ZSE) is also looking to explore the… Read full article
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Cryptos Act as Hope in a Hyperinflation-Striken Venezuela
Venezuela’s inflation rate is expected to hit ten million percent in 2019. In this time, Venezuelans are struggling to afford two square meals a day. Online news outlet City News 1130 shared how nonprofit organizations are sending direct relief to… Read full article
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Bittrex Reinvigorates AML Measures with IdentityMind Partnership
Cryptocurrency exchange Bittrex on May 21, 2019, announced that it had partnered with blockchain security solutions firm IdentityMind to bolster its anti-money laundering (AML) measures. Tightening Security Measures The Financial Action Task Force’s (FATF) persistence to establish strict crypto regulations… Read full article
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As SIM Swap Attacks Amplify, Companies Recommend against Using SMS as 2FA
Phone hijacking, also known as SIM swapping, is considered a major threat to digital asset holders. Many cases were registered of phone numbers being ported by the hijackers to gain access to one time passwords and validate transactions or change… Read full article
1d ago
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Laos Central Bank Wary of Cryptocurrencies’ Use in Money Laundering
The central bank of Laos has warned commercial banks, financial institutions, and investors not to buy, sell or use cryptocurrencies, reports local media outlet Vientiane Times, May 21, 2019. Laos Does Not Want Cryptocurrencies Laos’ central bank, the Bank of… Read full article
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Deep Dive: What is Ravencoin?
Comfortably nestled among the top 50 cryptocurrencies on CoinMarketCap, Ravencoin (RVN) is one of the more exciting crypto projects in the industry. The cryptocurrency, whose name is inspired from the small black birds in George R. R. Martin’s fictional world… Read full article
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U.S. SEC Shutters Ponzi Diamond-Backed Cryptocurrency Business
The U.S. Securities and Exchange Commission (SEC) on May 21, 2019, obtained an emergency order to halt the operations of an ongoing $30 million cryptocurrency Ponzi scheme. Necessary Safety Measures The U.S. SEC recently delayed the decision on VanEck’s Bitcoin… Read full article
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Cryptocurrency Exchange Kraken Raises Millions in Share Offering
Major cryptocurrency exchange platform Kraken has announced that it will be offering shares of its company for as little as $1,000. This, according to an email distributed by the exchange on May 20, 2019. Raising Millions As per the email,… Read full article
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Mike Novogratz’s Galaxy Galaxy Digital Liquidates Block.One Stake for $72.1 Million; Nets 123% ReturnLiquidates Stake Worth $72.1 Million in Block.One
According to a press release issued May 21, 2019, Mike Novogratz’s Galaxy Digital Holdings Ltd. Received $71.2 million after it sold its stake in Block.One, the firm behind the EOS blockchain network. Galaxy Digital Will No Longer Hold a Material… Read full article
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Ripple Facilitates Payment Remittances From India to Saudi Arabia
Indian commercial bank IndusInd has tied up with Saudi Arabian British Bank (SABB) through their partnership with Ripple. The payment remittance corridor between the two countries is powered through xRapid and xCurrent, as both banks adopted both networks, as revealed… Read full article
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Romania Blockchain Summit: June 21 to 22, 2019 in Bucharest, Romania
Romania Blockchain Summit, one of Europe’s biggest Blockchain events, to take place on June 21-22, in Bucharest. Romania Blockchain Summit promises to be one of the most important conferences dedicated to innovative technologies in the South-Eastern European region, bringing together… Read full article
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Crypto Derivatives Witness Large Institutional Turnout
Bitcoin derivatives are shattering all-time highs for volume and number of open contracts across various platforms. CME, BitMex, and Deribit all smashed their previous month on month volume highs in May 2019 – and the month isn’t even over yet.… Read full article
2d ago
BtcManager.com
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Bitcoin-Based Smart Contracts Platform Adds “Third Layer” Scaling Solution
RIF Labs officially launched their Bitcoin scaling solution at Consensus 2019. The RIF Lumino Network is comparable to the Lightning Network in its scalability potential, but as it’s built on top of the RSK protocol, there are many differences. RIF… Read full article
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Craig Wright Files Copyright Claim for Bitcoin Whitepaper
In an unsurprising update, Craig Wright has been granted a copyright claim over Satoshi’s original Bitcoin whitepaper. The nChain chief scientist shot to fame for claiming and to be Satoshi Nakamoto, the original inventor of Bitcoin. Wright has been in… Read full article
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Around The Block With Jeff And Dave – Tim Draper, Alex Yang, Louis Vuitton and More!
In this episode, we cover what is driving bitcoin adoption. Louis Vuitton and Saudi Arabia are using blockchain tech powered by ConSensys and Microsoft. A candidate for US President discusses bitcoin. And we interview Tim Draper. Join us! Our show… Read full article
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Australian Worker Faces Jail Term for Illegal Bitcoin Mining  
Despite the fact that the price of bitcoin and other digital assets are just trying to recover from the winter of 2018, the crypto fever remains as hot as ever. Now, the Australian Federal Police (AFP) have charged a 33-year-old… Read full article
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“Crypto Spring” May Be Back, but Investors Should Remain Cautious
Is crypto spring finally here? Renowned venture capitalist and angel investor, Fred Wilson, believes it just may be, as he mentioned in a blog post, May 15, 2019. His fund, Union Square Ventures (USV), is one of the most significant… Read full article
2d ago
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Polkadot’s New Proof of Concept Could Enhance Decentralized Governance
The Alexander testnet on Polkadot was upgraded with new features of which the most significant is improved staking governance, as per an announcement by the development team on May 20, 2019. Polkadot was created by Ethereum and Parity co-founder Gavin… Read full article
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