Crypto News Feed

This crypto news feed page draws news from some of the more respected crypto portals on the net. Please be aware though that these are not usually official news press releases and may contain bias from the writers in question.

Disclaimer: As with any form of media, some degree of journalistic license and potential bias should always be taken into account when reading news articles, and Wise Cryptos advises against investing based on information garnered from one source only.

Crypto News Feed:

  • Cointelegraph.com News - 16 June 2019, 10:03 pm

    South America’s major e-commerce network is reportedly a partner on Facebook’s cryptocurrency project South American online marketplace Mercado Libre is working with Facebook on the social network’s Libra cryptocurrency project, Cointelegraph Brazil reports on June 14. A MercadoLibre executive told Cointelegraph Brazil that the purported cryptocurrency will be integrated into the e-commerce platform as a form of payment. While the anonymous executive confirmed the partnership, further details were not forthcoming. The executive stated that it was likely the company would operate as a node in Facebook’s purportedly forthcoming blockchain network. Mercado Libre is one of the most popular e-commerce platforms in South America with operations in 19 countries. According to a recent report, the testnet for Facebook’s Libra platform will be unveiled later this week. The ubiquitous social media platform has reportedly gathered support from dozens of firms including Visa, Mastercard, PayPal and Uber.   A recent report by The Block stated that a consortium has been formed to govern the project, including such organizations as venture capital firms Andreessen Horowitz and Union Square Ventures, cryptocurrency exchange Coinbase, and non-profit organizations including Mercy Corps. Recently, RBC Capital analyst Mark Mahaney and Zachary Schwartzman stated that Facebook’s Libra stablecoin would be one of the most significant events in the company’s history, saying that it would “unlock new engagement and revenue streams.”Read More

  • Cointelegraph.com News - 16 June 2019, 6:17 pm

    Bitcoin is reportedly producing as much carbon emissions as Kansas City, while Facebook gets some new backers for its crypto project. Top Stories This WeekCCN casts doubt on shutdown plans as Google appears to correct visibilityCryptocurrency news outlet CCN (formerly CryptoCoinsNews) is apparently not going through with its total shutdown, as reported earlier this week. The outlet had previously posted a note that a recent Google Core Update had led to a more than 70% visibility drop on mobile overnight, leading the organization to decide to shut down rather than downsize. However, an update this week from CCN Markets Director Jonas Borchgrevink notes that, for an unexplained reason, the crypto outlet’s old domain name, CryptoCoinNews, has been showing up with new 2019 articles on Google, leading the team to decide to keep working. Theories about the visibility drop, which affected other news outlets, have ranged from it being a block of clickbait titles or a ban on conservative outlets by an allegedly “liberal” Google.U.S. residents will lose access to many altcoins on Binance starting in SeptemberUnited States residents who use major crypto exchange Binance will lose trading option access for many cryptocurrencies when the exchange puts into action its updated terms of service this September. As reported this week, Binance updated its terms of service to include trading on the platform for U.S. residents, a change that comes shortly after its announcement of a U.S.-exclusive fiat-to-crypto exchange. According to a table created by CryptoPotato, there are a number of cryptos that will no longer have a trading outlet in the U.S., as well as several tokens that will be listed on only one exchange after Binance closes for U.S. residents. However, veteran cryptocurrencies — including XRP, DASH, XLM, ETC and ZRX — will still be listed on four or more…Read More

  • Cointelegraph.com News - 16 June 2019, 3:16 pm

    The 20 cryptocurrencies are reporting moderate growth on the day as bitcoin crossed the $9,200 mark. Friday, June 14 — Most of the top 20 cryptocurrencies are reporting moderate growth on the day by press time, as bitcoin (BTC) crossed the $9,200 mark.Market visualization courtesy of Coin360Bitcoin is currently up over 6% on the day, trading around $9,250 at press time, according to Coin360. Looking at its weekly chart, the coin is up over 13%.Bitcoin 7-day price chart. Source: Coin360Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just over $29 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $17.6 billion at press time.Coin360 data shows that ETH has seen its value increase by 3% over the last 24 hours. At press time, ETH is trading at $272.91. On the week, the coin has also gained nearly 11%.Ether 7-day price chart. Source: Coin360Earlier this week, news broke that the Google Cloud team has integrated Chainlink’s oracle middleware with its BigQuery enterprise cloud data warehouse, allowing for an on-chain and cloud-based interaction with Ethereum decentralized applications and smart contracts.XRP is up by about 2.6% over the last 24 hours and is currently trading at around $0.420. On the week, the coin is up about 2.6%.XRP 7-day price chart. Source: Coin360Among the top 20 cryptocurrencies, litecoin (LTC) and binance coin (BNB) are reporting minimal losses, down 0.06% and 0.50% respectively.At press time, the total market capitalization of all cryptocurrencies is $286 billion, over 12% higher than the value it reported a week ago.As Cointelegraph reported yesterday, it is rumored that social media giant Facebook will unveil the Libra Association — which will operate its bespoke cryptocurrency Libra — on June 18.Read More

  • Cointelegraph.com News - 16 June 2019, 2:06 pm

    Cointelegraph spoke with Mark Karpeles, former CEO of defunct crypto exchange Mt. Gox. Disclaimer: The interview was edited and condensed for publicationMt. Gox crypto exchange is well remembered — but mostly for a bad reason. The year of 2011 marked the biggest heist in terms of the amount of crypto stolen, an eye-watering figure of 850,000 bitcoins (BTC), worth around $473 million at that time. Four years on and only 200,000 BTC of that were recovered.Most creditors still don’t know if or when they will ultimately get their funds back. Apparently, we may not see a conclusion any time soon, as Mt. Gox.’s trustee continues its standoff against the United States-based company CoinLab in court.Meanwhile, recent reports that Mark Karpeles is working for Japanese company Tristan Technologies as its chief technology officer have unsettled the community, with many believing that Karpeles is now back in the crypto game. To clarify these rumors and to find out the details regarding Mt. Gox settlements, Cointelegraph spoke with the man himself, Mark Karpeles.Media reports and rumorsAlex Cohen: First of all, let’s talk about recent reports that claimed you recently joined a brand new blockchain firm, Tristan Tech, as a CTO. You then took to the press to clarify that those reports were not accurate. Can you clarify all of this, please?Mark Karpeles: This is not particularly a new role; I have been doing this since 2016. Tristan Technologies is a very small company. We have probably, I think, four employees, with two engineers, including myself.So, it’s a very small entity and we’re working toward creating IT services — but nothing blockchain-related at this point, at least.There are different reasons for why I work here. One of the reasons was that, at the time, I didn’t really have a choice anyway, considering I was…Read More

  • Cointelegraph.com News - 16 June 2019, 1:47 pm

    Can Facebook’s announcement regarding its crypto project next week provide a boost to other cryptos? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.The total market capitalization of cryptocurrencies had come scaringly close to breaking down below the $100 billion mark in mid-December of last year. At that time, sentiment was very weak and every rally was being sold on. There were talks of cryptocurrencies never seeing their lifetime highs again.However, fast forward seven months and total market capitalization is inching towards the $300 billion mark. Every dip is being bought aggressively and a few cryptocurrencies have already gone on to make new highs. The sentiment has changed within a short span of time.While the underlying fundamentals had been improving throughout 2018, a few notable events have helped to speed up the recovery of 2019. One among them is the launch of Facebook’s secretive cryptocurrency, Libra. The company is expected to announce the list of the Libra Association founding members and launch the testnet of its blockchain on June 18.Along with Facebook’s crypto project, the markets are also eagerly awaiting the launch of TON, the blockchain platform being developed by messaging app Telegram. With Bakkt having announced a date for bitcoin futures testing in June, hopes are high that the platform will also soon start operations. Unless these events fail to live up to expectations, a sharp fall is unlikely. Let’s look at the top five performers among the major cryptocurrencies in the past seven days.NEO/USDNeo (NEO) co-founder Da Hongfei had recently announced a new $100 million EcoBoost fund that aims to provide…Read More

  • Oracle Times - 16 June 2019, 11:12 am

    Monero‘s network will be changing drastically its consensus algorithm from CryptoNight to RandomX this October. This is an effort to remove the ASICs from the network for good. Two protocols are in development: Tari and Kovri Brave New Coin writes that at the moment there are two key XMR related protocols in development, Tari and … Continue reading “Monero News: The Consensus Algorithm Is Scheduled For October” The post Monero News: The Consensus Algorithm Is Scheduled For October appeared first on Oracle Times.Read More

  • Oracle Times - 16 June 2019, 10:08 am

    Ripple has been doing great this year, and besides bagging more partnerships and collaborations, it’s also gaining more recognition and adoption of its products. The San Francisco-based company has also been boosting its digital asset XRP. The coin has been also boosted by Wietse Wind and XRPL Labs. Ripple releases an interesting interview Ripple has … Continue reading “Ripple Addresses RippleNet Updates: Multi-Hop, On-Demand Liquidity, And Customer Integration – XRP Boost In Price Expected” The post Ripple Addresses RippleNet Updates: Multi-Hop, On-Demand Liquidity, And Customer Integration – XRP Boost In Price Expected appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 16 June 2019, 8:35 am

    Crypto was a hot topic at a forum featuring Russia’s top people from the economic sector. Last week, an annual forum featuring Russia’s top people from the economic sector was held in St. Petersburg, and cryptocurrencies were a hot topic there. Notably, government agents and state-controlled businesses were vocal about their interest in blockchain, but seemed to distance themselves from digital tokens.Meanwhile, the regulatory framework for cryptocurrencies is still missing in the country, despite the fact that local authorities have been tasked to prepare the needed amendment a while ago. So, where is Russia heading in terms of crypto and blockchain?Brief introduction to Russia’s relationship with cryptocurrenciesRussia’s stance on cryptocurrencies has been mixed and fluid, as demonstrated by how the “CryptoRuble” — the national stablecoin project — has been unfolding. First, the prospect of  using a substitute for conventional money was deemed “illegal” by financial ombudsman Pavel Medvedev. Then, the Kremlin supposedly decided that a pet stablecoin could “minimize the amount of anonymous transactions,” or even help evade Western sanctions, thereby greenlighting the project. However, the CryptoRuble ended up on the back burner in the end, as the current status of the project is unclear. It was last mentioned in the news in January 2019, when a government official declared that it could go live “in a 2-3 years,” although the Central Bank of Russia (CBR) was acting “very conservatively” about the idea.Cryptocurrencies at large are in a similar situation. In October 2017, President Vladimir Putin claimed that cryptocurrencies “cause serious risk” and are used for crime, citing the CBR’s decision to block websites selling digital assets. Just a month prior to that, Russian Finance Minister Anton Siluanov argued that the authorities had to accept the idea of the digital currencies market:“There is no sense in banning them, there is…Read More

  • Oracle Times - 16 June 2019, 8:35 am

    We recently reported that Facebook is gearing up to launch its very own crypto. Visa, PayPal, and more have been said to be backing the new massive coin. Wall Street Journal reported that each one of the companies would contribute $10 million to the social media’s foray into crypto. The publication cited “people familiar with the … Continue reading “Coinbase, eBay And Spotify Are Reportedly Other Corporate Giants That Are Supporting Facebook’s Crypto” The post Coinbase, eBay And Spotify Are Reportedly Other Corporate Giants That Are Supporting Facebook’s Crypto appeared first on Oracle Times.Read More

  • Oracle Times - 16 June 2019, 7:45 am

    Ripple and its digital asset XRP have been extremely successful this year. XRP is becoming more adopted, and the price is on a positive trend after a really long bearish period of time. More than that, some experts even pointed out the fact that XRP’s doesn’t seem to necessarily depend on Bitcoin’s movements. A surge … Continue reading “XRP Boosts Utility Volume: 250K New Wallets, 150 New Pairings In Half A Year” The post XRP Boosts Utility Volume: 250K New Wallets, 150 New Pairings In Half A Year appeared first on Oracle Times.Read More

  • Oracle Times - 16 June 2019, 6:58 am

    Bitcoin (BTC) surged a lot since yesterday and this race tool the most important digital asset in the crypto space at the price of $9,247.86 at the moment on CoinMarketCap. All coins are up and trading in the green. BTC hash rate is near the all-time high The price is still rising, and it’s also … Continue reading “Bitcoin (BTC) Races Above $9,200 – “BTC Tsunami” Incoming: Potential Trigger” The post Bitcoin (BTC) Races Above $9,200 – “BTC Tsunami” Incoming: Potential Trigger appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 15 June 2019, 6:10 pm

    One of the oldest crypto sites shuts down, then comes back up immediately, citing loss of traffic. Here at Cointelegraph, we were as shocked as everyone else in and around the crypto-sphere when we learned about the abrupt closure of stalwart crypto media outlet CCN. Established at around the same time as Cointelegraph and CoinDesk, CCN spent years competing for the crypto audience.However, just a couple days later, as many others, we were relieved to hear that CCN was back — although we couldn’t help but feel sceptical regarding several aspects of the story and puzzled by so many questions swirling around it.How come a key player in our own industry could go down overnight — and then come back so conveniently after a few days? How could a three-letter-dot-com domain commanding millions of monthly visits be so hooked on Google-fed traffic that a single adjustment in the search algorithm, albeit a major one, cost it 90% of ad revenue momentarily?What was it, really? A targeted, politically motivated character assassination on behalf of the tech giant (as CCN’s founder claimed)? An unfortunate alignment of circumstances with no one in particular to blame? Possibly a PR stunt, or something else? We felt we owed it to the entire industry to take a sober look into this case to find out whether something similar could happen to any of us at any point in the future.What happened to CCN?CCN Markets, established in 2013 by the Norwegian entrepreneur Jonas Borchgrevink as CryptoCoinsNews.com, is currently part of the media company Hawkfish AS, which also operates Hacked, a publication that provides analysis on “future assets” like cryptocurrencies and tech stocks; MoneyMakers, a self-identified “tabloid that produces news with a special focus on money”; and HVY.com, a news platform that is designed to promote journalists rather than news…Read More

  • Cointelegraph.com News - 15 June 2019, 5:54 pm

    Coinbase Custody announced that it holds $1.3 billion in assets under custody and the firm expects to hit $2 billion soon. Coinbase Custody revealed that it holds $1.3 billion in assets under custody (AUC) and the firm expects to hit $2 billion AUC soon in a Twitter thread published on June 13.In a series of tweets, what is evidently the official Coinbase Custody Twitter account reported that last week the company’s CEO, Sam McIngvale, and its chief information security officer, Philip Martin, visited the United Kingdom. The purpose of the visit was reportedly “to discuss the institutional cryptoeconomy with a range of prospects and clients.”During the meeting, the firm’s representatives argued that, while many believe that there are no institutional-grade offerings in the cryptocurrency space, Coinbase Custody is in fact such an offering. The firm’s representatives stated that the company is insured, regulated and secure custodian. The thread also specifies:“We have $1.3bn AUC and expect to hit $2bn soon. We have no intention of stopping there. […] Coinbase Custody services over 90 clients. Of those, approximately 40% are outside of the US.”Lastly, the tweet also claims that — as cryptocurrencies mature as an asset class — financial hubs such as London are becoming centers for crypto innovation.During an on-stage discussion at Consensus in mid-May, Brian Armstrong, CEO of Coinbase, said that its custody service had already received $1 billion in assets under management.As Cointelegraph reported in March, the United States Securities and Exchange Commission is soliciting industry input as it potentially reconsiders existing custody rules in specific cases of digital asset trading and settlement.In April, Hong Kong trading and asset management firm BC Group announced that it is launching an insured custody service for cryptocurrencies.Read More

  • Cointelegraph.com News - 15 June 2019, 4:30 pm

    Social media giant Facebook will reportedly unveil the Libra Association governing its cryptocurrency project on June 18. Social media giant Facebook will unveil the Libra Association, which will operate its bespoke cryptocurrency Libra, on June 18, cryptocurrency news outlet The Block reported on June 14.Per the report, Facebook and dozens of its partners will unveil the Libra Association — which will be based out of Geneva — as the entity that will oversee the company’s Libra cryptocurrency project. During the event, the company is also expected to launch the testnet of its blockchain.The Block claims to have seen an unspecified blog post from Facebook, according to which the Libra crypto asset will be hosted on the dedicated Libra Blockchain and backed by the Libra Reserve. The Libra Reserve is reportedly a store of real assets that should supposedly grant the token “stability, low inflation, global acceptance, and fungibility.”The Block further notes that the software underlying the network will be open-sourced under the Apache 2.0 license. The social media giant allegedly hopes that the system will help people without access to the financial system. Lastly, per the report, the company also declared that it intends to focus on regulatory compliance:“Collaborating and innovating with the financial sector, including regulators and experts across a variety of industries, is the only way to ensure a sustainable, secure, and trusted framework underpins this new system.”As Cointelegraph reported earlier this month, multiple sources were already expecting Facebook to launch its cryptocurrency on June 18.More recently, news broke that Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project. Each firm reportedly contributed $10 million to the project.Read More

  • Cointelegraph.com News - 15 June 2019, 12:10 pm

    Korean banks push for blockchain adoption as former high-level officials join the space. In recent weeks, major South Korean financial institutions have rolled out a number of services incorporating blockchain technology, especially in the areas of Know Your Customer (KYC) procedures and security. Fintech has become a buzzword for local banks trying to keep up with the change of the times.The banks, however, are not looking into an important part of blockchain, which is digital assets, says one influential Korean advocate of alternative currency. In order to assess the Korean blockchain space, it is important to understand how the trend affects existing players and the cryptocurrency market.Blockchain as a ledgerShinhan Bank, the first bank to be established on the peninsula, incorporated blockchain into its lending services on May 27.The bank’s “Blockchain Verification System” allows users to receive evidential documents on private enterprises. Through this system, it has shortened the process from two to three days to almost instant verification.KB Kookmin Bank, one of the largest banks in the country, signed a memorandum of understanding (MoU) with blockchain firm Atomrigs Lab, as Cointelegraph reported June 11. The partnership is designed to explore digital asset management and protection solutions.What differentiates Atomrigs Labs from other blockchain developers is that it specializes in the financial sector and is known to have the technology to retrieve private keys in case of loss.The latest move is part of KB Kookmin’s strategic blueprint to make the promotion of digital transformation a priority. Last year, the bank announced it will focus on technological improvements using the acronym “ABCDE” — standing for artificial intelligence, blockchain, cloud, data and ecosystem.KB Kookmin has also signed an MoU with LG Corp., and is currently developing a joint product currently being called Magok Pay. The nickname comes from where the LG Science Park…Read More

  • Oracle Times - 15 June 2019, 12:06 pm

    A lot of movements are taking place in the crypto space that are supposed to boost the mainstream adoption of Bitcoin and crypto. More important figures are helping this movement, supporting more steps towards this massive goal. Jack Dorsey wants to make Bitcoin, the Internet currency Jack Dorsey says that Bitcoin (BTC) is the most … Continue reading “Bitcoin (BTC) Is The Most Powerful Candidate For Global Internet Currency, Says Twitter CEO” The post Bitcoin (BTC) Is The Most Powerful Candidate For Global Internet Currency, Says Twitter CEO appeared first on Oracle Times.Read More

  • Oracle Times - 15 June 2019, 11:06 am

    It’s a known fact that regulation in the crypto space is really tricky. More regulation is needed to attract more investors in the crypto space because, for instance, institutional investors would gain enhanced trust if there were more regulation in the crypto game. And we’ve already addressed the fact that institutional investors are an essential … Continue reading “Gate.io To Delist Major Coins Such as Monero (XMR), XRP And EOS ” The post Gate.io To Delist Major Coins Such as Monero (XMR), XRP And EOS  appeared first on Oracle Times.Read More

  • Oracle Times - 15 June 2019, 10:08 am

    As you know, the whole Cardano community is waiting patiently for the Shelley Upgrade. Shelley Update, to boost ADA It’s been already reported that this will be a game changer for Cardano and it will also lead to a surge in ADA’s price. A few months ago, the co-founder of Cardano blockchain, Charles Hoskinson was … Continue reading “Cardano’s Charles Hoskinson Encourages The Community To Prepare Ahead Of The Shelley Upgrade ” The post Cardano’s Charles Hoskinson Encourages The Community To Prepare Ahead Of The Shelley Upgrade  appeared first on Oracle Times.Read More

  • Oracle Times - 15 June 2019, 9:05 am

    It was recently reported that Facebook is gearing up to launch its crypto. The giant social media platform has been preparing for massive moves in the crypto space for a really long time. A while ago we were reporting that The Wall Street Journal said Facebook has been working on its own cryptocurrency for a … Continue reading “Facebook’s Crypto Will Be Backed By VISA, Uber, And PayPal, Reports Wall Street Journal” The post Facebook’s Crypto Will Be Backed By VISA, Uber, And PayPal, Reports Wall Street Journal appeared first on Oracle Times.Read More

  • Oracle Times - 15 June 2019, 8:16 am

    The Binance platform gears up to ban the citizens in the US from trading on the platform, but don’t freak out because there’s a catch. The platform promises much wider crypto trading opportunities later. Binance revealed upcoming restrictions The whole panic began when Binance revealed that some restrictions would be introduced for the US citizens … Continue reading “Binance Plans To Ban US Clients From Trading On The Platform Soon – People Question Decentralization” The post Binance Plans To Ban US Clients From Trading On The Platform Soon – People Question Decentralization appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 15 June 2019, 12:11 am

    Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market. Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market, technology-focused news outlet Cryptobriefing reported on June 14.Initially, Dispatch Labs received funding from its executive team, subsequently raising over $13 million in a series of private rounds from other investors such as China-based capital firm Fenbushi Capital during the first half of 2018. However, the value of the raised capital slumped considerably following the market drop in the first quarter of the year.The company’s CEO Matt McGraw reportedly said that the team had indicated the threat driven by the market downturn, however the company did not have sufficient over the counter (OTC) availability at the moment to liquidate millions of dollars’ worth of digital currency.Dispatch Labs’ total remaining investment has dropped by more than half — from $13 million to around $6.5 million. Nevertheless, McGraw reportedly stated that the company has enough working capital to operate for the last of the year, especially taking into consideration that the market is purportedly beginning to recover.Dispatch Labs is not the first company to suffer in the aftermath of crypto winter. Ethereum Classic (ETC) developer ETCDEV closed its doors in December of 2018 following an extensive rough patch in ETC’s price.Read More

  • Cointelegraph.com News - 14 June 2019, 10:39 pm

    Many cryptocurrencies will be unavailable for trade in U.S. after Binance updates scheduled for September. Crypto enthusiasts living in the United States will have no trading options for a many cryptocurrencies when the major crypto exchange Binance becomes unavailable for them in September, according to a report by CryptoPotato on June 14.The report draws this conclusion based on the following table, which shows which cryptocurrencies will still available for U.S.-based traders after Binance discontinues its U.S. service:Former Binance options in the U.S. on other crypto exchanges. Source: Goomba’s TwitterThe foregoing exchanges listed are Coinbase, Bittrex, Poloniex, Kraken, HuobiUS, and eToro.The report also highlights that, in addition to the cryptocurrencies with no trading outlet in the U.S.—the all-white rows—there are also a number of tokens listed on only one exchange after Binance drops off, including ARK, BTT, IOTA, PIVX, and ZIL.These “endangered” exchange tokens, as well as the (temporarily) extinct tokens, will likely witness a large drop in volume, according to the report.However, veteran cryptocurrencies such as XRP, DASH, XLM, ETC, ZRX, and ZEN should survive Binance’s departure with little issue, since they are listed on four or more of the aforementioned exchanges.As recently reported by Cointelegraph, Binance updated its terms of use on June 14 to exclude trading on the platform in the U.S., which comes shortly after its announcement of a U.S.-exclusive fiat-to-crypto exchange.Binance CEO Changpeng Zhao (CZ) remarked on the recent changes, implying that the restructuring will be useful in the long run:“Some short term pains may be necessary for long term gains. And we always work hard to turn every short term pain into a long term gain.”Read More

  • Cointelegraph.com News - 14 June 2019, 10:03 pm

    Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. Social media platform Facebook has reportedly secured support from dozens of players in the cryptocurrency and blockchain sector for its forthcoming digital currency. The overall roster was announced by technology-focused media outlet the Block on June 14.Earlier today, news broke that Facebook has allegedly sealed backing from over a dozen firms that include Visa, Mastercard, PayPal and Uber for its soon-to-be-unveiled cryptocurrency project, dubbed “Libra.” Together, these investors form the Libra Association.The materials cited by the Block indicate that the consortium formed to govern the project will also include investors such as venture capital firms Andreessen Horowitz and Union Square Ventures, cryptocurrency exchange Coinbase, and non-profit organizations including Mercy Corps. Among other members, the news outlet named stakeholders from various industries, including telecommunications, e-commerce, and media.The full list of the Libra association founding members, which Facebook is reportedly planning to announce next week:Source: The BlockA source familiar with the matter told the Block that the company is aiming to attract 100 members in the governing consortium. If all goes according to plan, Facebook will purportedly secure $1 billion from the 100 participants as it is reportedly charging each member $10 million to manage their own node.Earlier today it was announced that Facebook had hired Standard Chartered Bank’s head of public affairs Ed Bowles in anticipation of the greater regulatory scrutiny in Europe over its plans to launch its crypto asset and other financial services to its 2.4 billion users. Bowles will join the company in September, and is set to serve as the company’s London-based director of public policy.Today, global investment bank RBC Capital analysts Mark Mahaney and Zachary Schwartzman said that Facebook’s long-rumored stablecoin project “may…Read More

  • Cointelegraph.com News - 14 June 2019, 9:49 pm

    New report reveals more details about one of the most anticipated projects in crypto, the TON blockchain. A new report on the Telegram Open Network (TON) by Russian research agency Aton — published today, June 14, on Cointelegraph — reveals new details about one of the most anticipated projects in the crypto space.TON is a blockchain platform developed by encrypted instant messaging service Telegram, which is widely regarded as one of the primary means of communication within the blockchain and crypto community.The blockchain network reportedly aims to gain wide usage due to the active, crypto-friendly Telegram community. According to the report, TON will facilitate internal payments, host decentralized applications (DApps) and provide wallet services, among other things.Telegram and its TON projectTelegram was developed by Pavel Durov, a Russian entrepreneur, and his brother Nikolai, a prominent computer scientist. The brothers earlier created VK.com, one of the largest social networks in Eastern Europe. Eventually, they fled their home country to become citizens of Saint Kitts and Nevis, an island country in the West Indies.TON famously saw one of the biggest — albeit private — initial coin offerings (ICO) in the crypto industry. In 2018, Telegram raised almost $1.7 billion in two private token sale rounds. It is second only to EOS’ record-breaking $4 billion ICO — however, it is worth noting that TON’s offering wasn’t extended to the public due to evident regulatory complications.  A report by the Financial Times citing unnamed sources suggested that several leading investors from Silicon Valley, including Sequoia Capital, Kleiner Perkins and Benchmark, were also interested in Telegram’s project. Allegedly, each of the firms was willing to put up $20 million towards the ICO at the start of 2018. However, other prominent investment firms that are associated with the fintech world, including Andreessen Horowitz, Bessemer Venture Partners…Read More

  • Cointelegraph.com News - 14 June 2019, 8:36 pm

    Twitter founder Jack Dorsey expounds on new crypto team designed to provide better internet infrastructure for payment company Square Disclaimer:  This article has been updated following revisions.Jack Dorsey, the founder of social media website Twitter and mobile payments provider Square, went into depth on his plans for his new team dedicated to improving the crypto sector at Square in an interview with The Next Web on June 14.According to Dorsey, this initiative, Square Crypto, will add to the fiat payment company’s operations by providing an infrastructure for frictionless internet payments. Right now, he says that regulations and partnerships slow Square down — obstacles that he hopes to avoid in the future with an improved crypto infrastructure:“Just from a business perspective, we don’t look like an Internet company today. An Internet company can launch something and it’s available around the world. Whereas with payments, you have to go to each market and pay attention to regulators. You need a partnership with a local bank. This is a very slow process in any new market.”The team’s efforts to provide solutions for the crypto space will reportedly all be made open source. Dorsey says that security and currency efficiency are areas he hopes to tackle with the team, as well as potentially less prominent issues like code reviews, which Dorsey cites as a major issue for bitcoin (BTC).The planned team will reportedly be a small group, comprised of a handful of crypto-literate software engineers and a single designer. Dorsey plans to work directly with the team. The first announced dev hire for the team was Steve Lee, a former director at Google.Dorsey also touched on the role of including a designer, saying that better design could make the crypto space more accessible to the layperson:“This designer will be tasked with doing educational tasks…Read More

  • Cointelegraph.com News - 14 June 2019, 8:15 pm

    Cryptocurrencies data and indices provider CryptoCompare’s new research shows which cryptocurrency exchanges perform best. Cryptocurrencies data and indices provider CryptoCompare’s new research has assessed and ranked performance among cryptocurrency exchanges as of June 2019.To prepare the ranking of cryptocurrency exchanges, CryptoCompare analyzed data collected between May 1 and May 30 of the current year, considering a series of key components such as geography, legal and regulatory assessment, investment, company quality, data provision and market quality, and trade surveillance.Top performers are reportedly located in the United States, South Korea, and Japan, while Malta is underperforming in its resident digital currency exchanges. CryptoCompare states in the report that those trading platforms that reside in jurisdictions with stricter regulations tend to perform better.Out of the ten leading cryptocurrency exchanges in terms of the aforementioned metrics, Coinbase leads the list and is followed by Poloniex and Bitstamp. Binance, the world’s leading cryptocurrency exchange in terms of adjusted trading volume, is ranked 8th. Binance plans to halt U.S. operations in September, as Cointelegraph previously reported.The report further notes that low risk investor’s markets – with the grading dubbed “AA” – only include 3% of all reported volumes. All AA rated exchanges are registered as money service business (MSB) and licensed as money services company, exchange operator or similar. According to the research, only six crypto exchanges got an “AA” grade, which are Coinbase, Poloniex, Bitstamp, BitFlyer, Liquid, and itBit.”Only 5.6% of total trading volume happens on licensed exchanges, and 7% of volume on exchanges registered as MSB.”Earlier this week, CryptoCompare launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide in response to growing industry concern sparked by research indicating that a significant number of crypto exchanges globally have been using wash trading and other strategies — including spoofing and incentivized trading…Read More

  • Cointelegraph.com News - 14 June 2019, 7:01 pm

    The Financial Supervisory Authority of Iceland approved a ConsenSys-backed blockchain firm to operate as e-money business. The Financial Supervisory Authority (FME), Iceland’s sole financial regulator, has approved the first blockchain-powered e-money firm in the country, as the organization announced on June 14.Reykjavik-based Monerium, backed by blockchain software company ConsenSys, has reportedly been approved by the Icelandic financial watchdog to provide fiat payment services using ethereum (ETH) blockchain, crypto media outlet CoinDesk reported June 14.According to the report, Monerium has become the first company to operate under an electronic money framework, a major European regulatory framework that enabled the firm to offer blockchain-powered e-money services across the European Economic Area (EEA).Monerium co-founder Jón Helgi Egilsson, a former chairman of the Supervisory Board of the Central Bank of Iceland, will reportedly announce the news at a digital currency conference in Stockholm on June 15.According to CoinDesk, Monerium is planning to launch a blockchain-based fiat currency pegged to Icelandic krona (ISK) to enable cross-border payments in the currency without a financial middleman. The digital ISK will be reportedly operable across the European Union on the initial stage, while the firm also plans to introduce the e-currency to more countries depending on their regulatory policies in the sphere.In January 2019, ConsenSys participated in a $2 million seed funding round for Monerium, with the company’s co-founder Andrew Keys claiming that investment in the Icelandic firm aligns with the incubator’s purpose to create “the infrastructure needed for a more decentralized and self-sovereign future.”Recently, Cointelegraph published an interview with ConsenSys co-founder Joseph Lubin, who declared that the ethereum blockchain had scaled significantly to date.Read More

  • Cointelegraph.com News - 14 June 2019, 6:50 pm

    Can Facebook’s stablecoin and the Bakkt launch drive the next leg of the uptrend? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.The eagerly awaited cryptocurrency platform Bakkt will begin testing Bitcoin futures on July 22. Its launch is closely watched because it is expected to attract institutional investors who can drive the next leg of the uptrend. The recent recovery in cryptocurrencies has already led to increased interest in Bitcoin futures trading that resulted in record high open positions.Another project that has generated huge interest is Facebook’s stablecoin dubbed “Libra.” The social media giant has been making some high profile hirings for the project, the latest being Standard Chartered Bank’s head of public affairs Ed Bowles. It has also managed to attract investment from various known firms such as Visa, Mastercard, PayPal and Uber that have invested around $10 million each for the project.A report by Grayscale shows that Bitcoin was the best performer between May 5 and 31. It rallied 47% while most other asset classes were reeling under the uncertainty of the US–China trade war. The second-best performing asset was the Japanese yen, which was way behind at 2.1%. This shows the uncorrelated nature of Bitcoin and how it can be an important addition to any portfolio.BTC/USDBitcoin (BTC) has been sustaining above the 20-day EMA for the past two days, which is a positive sign. The bulls will now try to carry it to the recent highs of $9,053.12. A breakout of this resistance will propel the cryptocurrency to $10,000. The 20-day EMA has started to turn up once again and…Read More

  • Cointelegraph.com News - 14 June 2019, 6:08 pm

    Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system. Austrian steel trading company Alukönigstahl is working on a blockchain-based steel trading data system, local media outlet industriemagazin.at reported on June 13.Alukönigstahl CEO Stefan Grüll is working on the business model of a blockchain-based steel trading database dubbed “STEEL but SMART,” which targets traditional use cases. Within the framework of the project, Grüll reportedly founded a separate company called S1Seven GmbH that undertakes all blockchain-related activities.Specifically, the system is set to provide stakeholders with clear data on steel products’ origin, account and industry standards, as well as information about product properties, processing, and deployment. As a result, the company intends to create a single source of complete documentation of the production history. Grüll said:“Individual testimonials that are subject to statutory retention requirements and contain information on test and test results are linkable.”However, Grüll noted that before launching the product, it is vital to form a consortium of stakeholders, steel manufacturers, plant builders, steel mills, and steel test equipment manufacturers in order to use a single “data structure based on certain standards.” The blockchain-powered platform is expected to be rolled out at the end of the current year, with selected industry participants.Blockchain technology has been gradually entering the supply chain sector, with many other stakeholders around the world having already integrated it into their internal processes. Earlier this week, precious metals streaming company Wheaton Precious Metals revealed that it will use blockchain to facilitate its metal accounting processes.In late May, Swiss luxury watch and clock manufacturer Vacheron Constantin announced that it will start using blockchain technology to track its timepieces. Vacheron Constantin reportedly said that blockchain will help fight counterfeiters and guarantee authenticity of its watches, as well as protect potential customers from purchasing fakes.Read More

  • Cointelegraph.com News - 14 June 2019, 5:28 pm

    The United Kingdom’s Financial Conduct Authority warned investors of two fraudulent clones of financial firms. The British Financial Conduct Authority (FCA) has warned investors of a fraudulent company posing as the Swiss Investment Corporation, an FCA-authorized firm offering crypto investments, and another company that is a clone of Goldman Sachs, the regulator announced on June 14.The financial regulator has blacklisted a firm operating under the domain swissinvest.biz. According to the announcement, the fraudulent clone firm offers services on its website swiss-investissement.com and is involved in scam activity.On the website, the alleged clone firm divides its proposed investments into the safest —  assets such as precious metals, and the most successful — major cryptocurrencies including bitcoin (BTC), ether (ETH) and ripple (XRP).The FCA released another warning against Goldman Sachs Asset Management International, a clone of major global investment bank Goldman Sachs. The popular investment bank has recently denied its plans to launch a crypto trading desk, claiming that multiple media reports suggesting otherwise were incorrect.In both cases, the FCA has expressed the particular danger of cold calls from companies pretending to be legitimate financial institutions.Earlier in May 2019, the FCA warned investors against another clone firm posing as ICAP Europe Ltd.Also in May, the British regulator reported that local crypto investors lost more than $34 million due to cryptocurrency and foreign exchange (forex)-related scams over 2018 and 2019.Read More

  • Cointelegraph.com News - 14 June 2019, 4:17 pm

    Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin crossed the $8,400 mark for the second time today. Friday, June 14 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) crossed the $8,400 mark again after breaching it earlier today.Market visualization courtesy of Coin360Bitcoin is currently up over 2.8% on the day, trading around $8,420 at press time, according to Coin360. Looking at its weekly chart, the coin is up about 7.35%.Bitcoin 7-day price chart. Source: Coin360American digital asset manager Grayscale claimed in recently published research that bitcoin vastly outperformed traditional wealth preservation assets during the United States-China trade war.Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just under $27.3 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.7 billion at press time.Coin360 data shows that ETH has seen its value decrease by about 1.2% over the last 24 hours. At press time, ETH is trading around $257. On the week, the coin has also gained over 3.5% of value.Ether 7-day price chart. Source: Coin360XRP is down by just over 1% over the last 24 hours and is currently trading at around $0.396. On the week, the coin is down about 4.19%.XRP 7-day price chart. Source: Coin360Among the top 20 cryptocurrencies, the one reporting the most notable losses is binance coin (BNB), which is down over 11%.At press time, the total market capitalization of all cryptocurrencies is $266 billion, about 3.87% lower than the value it reported a week ago.As Cointelegraph reported earlier today, major crypto exchange Binance announced that it has updated its terms of use, which notably includes a restriction of services to United States-based individual and corporate traders.In traditional markets,…Read More

  • Cointelegraph.com News - 14 June 2019, 4:00 pm

    Mike Kayamori of Liquid told Cointelegraph how it came to agree with Gram Asia on their exclusive deal for the coming Gram public sale. It was a “natural” development. That is how Mike Kayamori, the CEO of Liquid described an exclusive deal with Gram Asia on public sales of Telegram Open Network (TON), a decentralized network being developed by privacy-focused messaging platform Telegram. Kayamori told Cointelegraph how Liquid came to agree with Gram Asia. He also claimed that Liquid was the pioneer of initial exchange offering (IEO) and explained which advantages Liquid has in the IEO market.“Everything is between Gram Asia and Liquid”The upcoming IEO at Liquid is a public sale of gram, which is the native token of TON. The Liquid deal was not made with Telegram, but with Gram Asia, the largest Gram holder in Asia. Kayamori confirmed this by saying that “everything is between Gram Asia and Liquid.”He explained the process of reaching the agreement as follows:“It was natural. We knew the Gram Asia people. We also believed in Telegram Open Network and its community. […] A limited scope compared with $1.7 billion. But let’s do a proper public sale so that Telegram users and greater community can participate in before the actual listing that will happen in October.”Telegram conducted a private token sale to accredited investors last March, reportedly raising a total of $1.7 billion. The company released a testnet version of TON last month and is planning to launch the mainnet in October.As to the timing of the public sale, Kayamori explained that Gram Asia made “conscious efforts  to try to expand that ecosystem prior to having it listed.” He also added, “I think they wanted to wait until the testnet happens.”Kayamori acknowledged that some people are questioning why they are selling it now. He said that…Read More

  • Cointelegraph.com News - 14 June 2019, 3:21 pm

    Cryptocurrency exchange Bitfinex announces a burn initiative for its utility token LEO. Cryptocurrency exchange Bitfinex announced a LEO burn initiative in a Medium post published on June 14.Per the announcement, the initiative will see the exchange’s parent company iFinex funnel its gross revenue into purchasing LEO tokens at market prices in what the post refers to as the UNUS SED LEO burn mechanism. This new system will launch alongside the LEO Transparency Dashboard, which will reportedly provide real-time insights into all collected platform fees and LEO token burns. The company explains its reasoning:“We are doing this to remove the possibility of uncertainty from LEO holders, subsequently allowing our community to track iFinex revenues, as well as LEO token burn quantities, in an open manner.”At first, the system will only involve revenue from trading fees, but the company promises to expand it to all other revenue streams, including deposit and withdrawal fees, funding fees and other services. The post further notes that the initiative will include entities such as EOSfinex, and that the tokens will be bought “at market rates and on an hourly basis, equal to a minimum of 27% of consolidated revenues of iFinex.”The burn mechanism is set to stop only when there are no more tokens in circulation. The LEO tokens that are used to pay trading fees on the exchange will also reportedly be burned, and at least 80% of the funds recovered from the Bitfinex hack will also be used to buy and burn them.As Cointelegraph reported at the time, Bitfinex unveiled its exchange utility token UNUS SED LEO on May 17.Earlier in May, Bitfinex and the affiliated stablecoin Tether were subject to legal investigation in New York state for misrepresenting their reserves.Read More

  • Cointelegraph.com News - 14 June 2019, 2:56 pm

    Global investment bank RBC Capital Markets expects Facebook to release white paper for its crypto project on June 18. Global investment bank RBC Capital Markets believes that Facebook’s upcoming crypto project will be a major milestone in the firm’s history, CNBC reports June 14. In a note to investors, RBC Capital analysts Mark Mahaney and Zachary Schwartzman reportedly said that Facebook’s long-rumored stablecoin project “may prove to be one of the most important initiatives in the history of the company.” A part of the Royal Bank of Canada (RBC), RBC Capital predicted that the social media giant’s cryptocurrency project will “unlock new engagement and revenue streams.” According to the report, RBC Capital expects the project’s white paper to be released on June 18, joining other sources that expressed similar expectations earlier this month. In the note to investors, the investment bank promised to provide an analysis of the paper as soon as it is released in order to “help investors analyze the underlying cryptoeconomics of the token.” To date, RBC Capital has predicted that Facebook will use its crypto initiative to facilitate three spheres of its business: applications and gaming, payments, and commerce. Earlier this month, CNBC reported that Facebook will allow its employees to receive part of their salary in its internal cryptocurrency. Meanwhile, RBC Capital also has an outperform rating on Facebook, with a price target of $250 per share. At press time, Facebook’s share rose around 1.8% to trade at $180.4, up more than 35% over the past year, according to CNBC. First reported by Bloomberg in late 2018, Facebook’s upcoming stablecoin has been a major issue discussed in crypto community and has seen increased coverage by crypto media outlets so far. Earlier today, the Financial Times reported that Facebook hired Standard Chartered Bank’s head of public…Read More

  • Cointelegraph.com News - 14 June 2019, 2:14 pm

    Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin. Spanish law enforcement arrested 35 people for allegedly counterfeiting banking cards and laundering the proceeds through bitcoin (BTC), local media La Verdad reports on June 14. Per the report, the organization obtained over €600,000 ($674,000) and laundered over €1 million ($1.2 million) using bitcoin. Furthermore, the Command of Alicante reportedly solved a total of 1,020 connected cybercrimes during the operation. The alleged actions of the suspects — who are from Equatorial Guinea, Spain, Nigeria, Cameroon and Morocco — had a total of 219 victims in Spain, with 20 more in Israel, Denmark, Germany, France and Greece. According to La Verdad, law enforcement noticed the unauthorized use of 104 banking cards in Spain and 12 other countries. The investigations were then spurred by a complaint filed by a car rental company that detected unauthorized use of their banking cards on online services. The group allegedly operated in three different ways: phishing via email (pretending to be a trustworthy individual and asking for banking credentials), cloning the physical cards, or obtaining credentials from credit card receipts in what is often referred to as credit card bin attack fraud. The group reportedly paid for hotels, flights, train tickets and rental vehicles with the cards obtained this way, ordering them for its customers for much lower prices. Companies under the group’s control located in Estonia, the United Kingdom and Finland bought bitcoin with the profits. As Cointelegraph reported at the time, eight people were arrested in Spain for allegedly operating a money laundering scheme involving cryptocurrencies in March. As Cointelegraph explained in a recently published analysis, law enforcement groups are also taking action against cryptocurrency anonymization services known as cryptocurrency mixers, or tumblers.Read More

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Update: Coin Telegraph were recently tested during an investigation into whether cryptocurrency news websites would accept payment to post and pass off adverts and paid articles as their own independent words without any disclaimers. Coin Telegraph refused to be bribed in this manner and as such have retained their place in our featured crypto news feeds. It is worth noting however that their journalistic integrity has still been called into question as they did offer the investigators a full price list for such disclaimer free paid articles on the other crypto news websites the company owns. We shall be watching the developments here closely.

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