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Source: Cointelegraph.com

Binance Expands Fiat Trading Pairs for Singapore Exchange
Major cryptocurrency exchange Binance announced the expansion of its fiat-enabled trading platform in Singapore in a press release shared with Cointelegraph on July 10.

Binance Singapore has been first launched in April, but with limited functionalities and only one trading… Read full article
Visa Makes Its Second Investment into a Crypto Startup
Global payment giant Visa has recorded its second investment in a crypto project by leading a $40 million funding round of Anchorage startup, according to a Fortune report on July 10.

Visa has reportedly led the round along with major… Read full article
13d ago
Coinbase Looks to Launch a Captive Insurance Company with Aon: Report
United States’ biggest cryptocurrency exchange, Coinbase, is reportedly looking to launch a captive insurance company, industry news outlet Coindesk reports on July 10.

Per the report, industry sources told the outlet that Coinbase is looking to launch its captive insurance… Read full article
US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill in Congress
United States Congressman Tom Emmer has reintroduced his Safe Harbor for Taxpayers with Forked Assets bill, according to a press release published July 9.

The reintroduced version of the bill appears to have been published on July 3, based on… Read full article
‘PayPal is F*cked’: BitMEX CEO Says Facebook Libra Will Make Banks ‘Dumb Nodes’
Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network BlockTempo TV on… Read full article
Charlie Lee: Next Month’s Halving Will Be a ‘Shock’ to Litecoin Mining
Litecoin (LTC) creator Charlie Lee has predicted that miners may shut up shop after the coin’s upcoming halving this summer.

In an interview with Australian crypto news site Mickey on July 10, Lee reflected on the possible implications for litecoin’s… Read full article
Ex-PBoC Governor: China Must Take Precautions Against Libra Trend
The former governor of the People’s Bank of China (PBoC) says “China should take precautions” against the trend represented by Facebook\'s Libra cryptocurrency.

Twitter-based Chinese crypto news source CnLedger reported on Xiaochuan Zhou’s remarks on July 9.

Zhou notably served… Read full article
EU Central Bank Won’t Add Bitcoin to Reserves — Says Its Not a Currency
The European Central Bank (ECB) doubled down on its dismissive stance on bitcoin (BTC) July 9, refusing to recognize it as currency in a Q&A session.

Responding to a private query as part of its regular interactive Twitter program, which… Read full article
Goldman Sachs Ramps Up Development of New Secret Crypto Project
A new job listing from investment banking giant Goldman Sachs reveals apparent intentions to pursue digital asset development at an unprecedented pace.

The listing, now live, seeks a Digital Asset Project Manager under the aegis of the bank’s GS Accelerate… Read full article
Bitcoin ‘Single Best Hedge’ Against Traditional Financial System, Says VC
Chamath Palihapitiya, CEO of VC firm Social Capital, has proposed that bitcoin (BTC) is the single best hedge against the traditional financial system.

During a panel on the CNBC show Squawk Box on July 9, Chamath — a stakeholder and… Read full article
Bitcoin Reclaims $13,000 as NY Fed Says Recession Risk Highest Since 2008
Bitcoin (BTC) hit $13,000 again on June 10 as the 2019 bull market delivered fresh reasons to celebrate for traders and HODLers.

Market visualization courtesy of Coin360

Data from Coin360 showed BTC/USD hitting $13,130 in early trading Wednesday, the pair… Read full article
Facebook’s David Marcus Assures Congress That Libra Will Cooperate
David Marcus, the head of Calibra at Facebook, has written a letter to Chairwoman Maxine Waters and members of the House Financial Services Committee in preparation for the upcoming Libra hearings, according to a report by The Hill on July… Read full article
Chia Releases Green Paper Detailing Eco-Friendly Means of Crypto Mining
San Francisco-based tech firm Chia Network has released a green paper that describes an eco-friendly means of mining cryptocurrencies.

The green paper provides a description of how proof of space and proof of time create a "Nakamoto-style" consensus algorithm for… Read full article
New York Attorney General Fights Dismissal Motion in Bitfinex, Tether Case
The office of the New York Attorney General (OAG) has claimed that crypto exchange Bitfinex and stablecoin firm Tether have been operating in New York into 2019, according to official documents filed in the New York State Courts on June… Read full article
Italy to Lead European Blockchain Partnership Until July 2020
Italy, Sweden and the Czech Republic will share the next one-year presidency of the European Blockchain Partnership, Cointelegraph Italy reported on July 9.

Following a meeting of the European Blockchain Partnership today in Brussels, the three countries took on the… Read full article
IRS Allegedly Hopes to Make Tech Giants Release User Crypto Activity
The United States’ Internal Revenue Service (IRS) is allegedly considering requiring tech giants to report on crypto activity by users, according to a presentation reportedly from an IRS presentation and provided by a Twitter user on July 9.

According to… Read full article
CoinMarketCap and Crypto Briefing Introduce New Analysis Product
Digital currency review platform Crypto Briefing and CoinMarketCap’s Data Accountability and Transparency Alliance (DATA) are jointly launching a new crypto research and analysis product, Simetri. The organizations announced the development in a press release shared with Cointelegraph on July 9.… Read full article
14d ago
Official: Russia to Postpone Adoption of Bill on Digital Currencies
Russia’s parliament, the State Duma, may defer the adoption of the country’s major crypto bill “On Digital Financial Assets” (DFA) until the autumn session, local news outlet TASS reported on July 9.

The Duma is considering shifting the adoption of… Read full article
Overstock’s tZERO Tokenizes Upcoming ‘Atari: Fistful of Quarters’ Movie
tZERO, the cryptocurrency wing of American retail giant Overstock, will tokenize forthcoming motion picture “Atari: Fistful of Quarters,” according to a press release published on July 9.

Per the release, tZERO has partnered with the upcoming movie’s producers to develop… Read full article
14d ago
Bitcoin Broke $12,500 as US Stock Market Sees Minor Downturn
Tuesday, July 9 — the top 20 cryptocurrencies are reporting mixed movements on the day by press time, as Bitcoin (BTC) broke the $12,500 mark again.

Market visualization courtesy of Coin360

Bitcoin is currently up by nearly 6% on the… Read full article
Why Is Scalability So Important for Blockchain Solutions?
Bart Wyatt leads Block.one’s Blockchain Team and is responsible for guiding the development of the company’s strategic vision for EOSIO. Bart came to Block.one as a veteran in the industry with six years dedicated to asset tokenization and decentralized identity.… Read full article
Blockchain Startup Solve.Care Partners with Uber to Transport Patients
Blockchain healthcare startup Solve.Care has partnered with Uber Health to transport patients, Solve.Care announced in a press release shared with Cointelegraph on July 9.

Per the release, Uber Health’s transportation services will be integrated into Solve.Care’s personal healthcare coordination and… Read full article
Scientist Mines Bitcoin on Computer Model Used by Apollo Missions
An American computer scientist has managed to mine Bitcoin (BTC) on a 52-year-old Apollo Guidance Computer (AGC), British tech media outlet IT Pro reports on July 9.

Ken Shirriff, a specialist in reverse engineering, has reportedly worked out a code… Read full article
Bitcoin Marketplace with 300 Payment Methods Integrating into Large Crypto Exchange
A peer-to-peer Bitcoin marketplace that offers more than 300 ways to buy Bitcoin has announced it is being integrated into BitMart, a global digital asset trading platform.

Paxful enables its users to purchase Bitcoin using bank transfers, debit cards, online… Read full article
LG Applies for ‘ThinQ Wallet’ Crypto Wallet Trademark in the U.S.
South Korean technology behemoth LG applied for the “ThinQ Wallet” trademark with the United States Patent and Trademark Office (USPTO) on July 2, data published on the official office’s website shows.

According to the filing documents, the trademark is for… Read full article
Polish Crypto Exchange BitMarket Shuts Down Citing Liquidity Loss
Polish cryptocurrency exchange BitMarket announced its shutdown on its official website on July 8.

When trying to access the exchange through its website, users are instead greeted with the following text message in both English and Polish:

“Dear Users, We… Read full article
Crypto Friendly Regulation can Help UK Brexit, Says $10 Billion Advisory Giant
The CEO of financial advisory giant deVere Group said positive cryptocurrency regulation should form a central part of the post-Brexit United Kingdom. Nigel Green made the comments in an interview with fintech news outlet Verdict on July 9.

DeVere, which… Read full article
WSJ: Grayscale Bitcoin Trust Outperformed Everything in H1 2019
Digital asset management fund Grayscale Investments’ Bitcoin Trust (GBTC) is up almost 300% on the year, data from Morningstar via the Wall Street Journal (WSJ) reveals.

As of July 9, the investment instrument is yielding a 296% appreciation YTD —… Read full article
Arizona State University to Use SalesForce Blockchain for Academic Records
Arizona State University is working with local community colleges on using blockchain to innovate data sharing for academic records. The development was reported by university news site Inside Higher Ed on July 9.

Arizona State aims to use blockchain to… Read full article
ShapeShift’s New Non-Custodial Exchange Supports Hardware Wallets
Switzerland-based crypto exchange ShapeShift has launched its new non-custodial crypto platform operating across multiple blockchains, the firm announced in a press release shared with Cointelegraph on July 8.

The new ShapeShift platform offers an integrated suite for digital asset management,… Read full article
Crypto Industry in Numbers: How Does Q2 2019 Compare to the Past
For crypto markets, the second quarter of this year has been the best three-month sequence since the bear turn of early 2018 put a brutal end to the dreams that the explosive growth of coin prices was to go on… Read full article
Korea’s LG Launches Blockchain Supply Chain Platform For School Lunches
LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet on July 9.

The new system — created… Read full article
Bitcoin Price Hits $12.8K as Major Investor Says $100K ‘Quite Easy’ by 2021
Bitcoin (BTC) felt more bullish than ever June 9 after another 24 hours of upside propelled markets close to $13,000.

Market visualization courtesy of Coin360

Data from Coin360 painted a rosy picture for cryptocurrency traders, with bitcoin still leading the… Read full article
Bittorrent, Tron Launch Crypto-Powered 'Speed’ Downloading Software
Peer-to-peer torrent client BitTorrent has launched its downloads optimization software, BitTorrent Speed, with native token functionality. The news was revealed in an official press release published on July 8.

As reported, Bittorrent launched a native TRON blockchain-based token, BitTorrent (BTT),… Read full article
Report: Fortress Offers to Buy Mt. Gox Bitcoin Claims at $900 a Piece
Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8.

The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of bitcoin at… Read full article
Grayscale Investments Resumes Private Placement of Bitcoin Trust Shares
Grayscale Investments has resumed private placement of Grayscale Bitcoin Trust (GBTC) shares, according to a press release on July 8.

According to the announcement, the private placement of GBTC shares is offered periodically to accredited investors — as defined in… Read full article
Study: Blockchain Supply Chain Market to Reach Over $9B by 2025
The global blockchain supply chain market is expected to reach over $9 billion by 2025, according to a study published by market research and consulting firm Allied Market Research (AMR) on July 8.

AMR estimates that the global blockchain supply… Read full article
US SEC and FINRA Issue Statement on Crypto Custody Issues
The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) outlined regulatory compliance issues for cryptocurrency custodians in an announcement on July 8.

According to the joint statement, the organizations have yet to discover a… Read full article
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