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Science Museum in Cleveland to Take Bitcoin Payments

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Great Lakes Science Center, an engineering and technology museum in Cleveland, Ohio, has told local media outlets that it will begin accepting cryptocurrency payments on Nov. 13. The educational center is integrating Bitpay into its payments system for ticket sales ahead of a blockchain conference that will be held at the facility in December.

“Accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland,” stated Kirsten Ellenbogen, president and CEO of Great Lakes Science Center. “Last year we launched our mobile app that uses augmented and virtual reality to allow guests to experiment with flames in space and test spacecraft designs re-entering Earth’s atmosphere when they visit the NASA Glenn Visitor Center, and now they’ll be able to use their phone to pay for their admission using Bitcoin.”

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Analyst Research: A Comparative Study Between PrimeXBT and BitMEX

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The current crypto winter of 2018-2019 has brought with it a number of dramatic changes to the cryptocurrency market. Some altcoins have fallen over 90% from their all-time high. Crypto firms have been forced to lay off employees and restructure. And gone are the days when investors would simply HODL their assets and reap enormous gains.

With profits far more difficult to come by using traditional strategies, many traders have turned to BitMEX due to the platform offering advanced trading features such as 100x leverage and the ability to short-sell assets and profit off of falling crypto prices.

Over time, BitMEX has earned itself a leadership position as a result and boasts some of the highest trading volume in the entire crypto space. However, a newcomer backed by decades of brokerage experience has entered the market, offering not only the same features that helped BitMEX ascend to the top, but a wealth of other benefits that BitMEX cannot claim to offer.

A comparative study was conducted in order to find out if PrimeXBT will take the throne from BitMEX and capture crypto market share by attracting traders seeking more out of their trading experience.

PrimeXBT Versus BitMEX: Important Features Compared

The research starts with a focus on the features the two exchanges offer that are similar, and are part of what helped make BitMEX a success during the current crypto bear market.

Short-Selling

Both BitMEX and PrimeXBT offer traders the ability to short-sell assets, allowing traders to profit during downtrends. The feature is what helped put BitMEX on the map and is already part of what attracted over 150,000 users to sign up to PrimeXBT before the platform’s launch, with more rapidly joining each week.

Low Fees

While the two platforms appear very similar at first glance, this is where the differences between the two become more apparent.

Compared to Bitfinex’s 0.1% to 0.2% fees on trades, BitMEX offers low 0.075% fees on Bitcoin trading, but charges a staggering 0.25% on other trading pairs. PrimeXBT easily trumps them both with a standard 0.05% fee across all trading pairs. To incentivize new users joining the platform, PrimeXBT offers a discounted fee of 0.025% during a trader’s first month using the platform. Users must register for a free PrimeXBT account before March 10, 2019 to take advantage of the 50% off promotion.

100x Leverage

Trading with leverage is an extremely attractive option that allows a trader to risk less capital but multiply potential gains by 100 times. Both PrimeXBT and BitMEX offer industry-best 100x leverage, however, BitMEX only offers this level of high leverage on Bitcoin-based trading pairs. PrimeXBT, on the other hand, offers 1:100 leverage across all available assets including Bitcoin, Ethereum, EOS, Ripple and Litecoin.

PrimeXBT Versus BitMEX: Which Platform Offers The Most to Traders?

The study also focused on any features unique to each platform. Research shows that PrimeXBT boasts a number of features that BitMEX simply does not. The one “feature” BitMEX users routinely report that isn’t found on PrimeXBT are “order submission errors.”

Technical Analysis Tools

PrimeXBT has all the required tools to perform advanced technical analysis across crypto assets. The robust toolset includes a number of important indicators that can help traders gain an edge in the market and become more profitable.

Aggregated Liquidity

Only PrimeXBT offers aggregated liquidity from 12 industry-leading suppliers. BitMEX doesn’t even come close.

Multiple Funding Methods, No Minimum Deposit

BitMEX only allows traders to fund their accounts using Bitcoin and all contracts are settled in Bitcoin. PrimeXBT, however, lets traders deposit USD, EUR, and other cryptocurrencies in addition to Bitcoin. On Prime XBT, there is no minimum deposit. BitMEX requires a 0.001 BTC minimum.

Customizable Experience

PrimeXBT invites traders to make the platform their own by customizing it with a variety of widgets. In addition, PrimeXBT supports multiple-screens for the most advanced traders who demand the best experience the crypto industry has to offer.

Unmatched Affiliate Program

PrimeXBT is hands down an industry leader with its affiliate program, which has helped the platform “go viral” and generate significant buzz surrounding the platform’s launch. PrimeXBT’s 4-level referral program offers ten times the payouts of any other platform in the industry, including BitMEX. The program also offers lifetime payouts and referrers will even earn revenue on 2nd, 3rd, and 4th tier referrals.

PrimeXBT Versus BitMEX: Conclusion

With features like 100x leverage and the ability to short-sell assets during a bear market, it’s no surprise that BitMEX has enjoyed a comfortable position as an industry leader. But with the emergence of PrimeXBT, many of BitMEX’s key features are being overshadowed by the newcomer.

Once the market full of traders at large catch wind of PrimeXBT’s features and its potential to drive profitable trades, it won’t be long until PrimeXBT challenges BitMEX for the throne.

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Crypto Survivors Find a Rare Lifeline

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Michael Novogratz

Desperate to survive the collapse of their market, cryptocurrency diehards are reaching into the financial tool kit to raise some old-fashioned cash.

They’ve begun selling derivatives linked to digital tokens to squeeze something out of their depreciating assets. Their need is so acute that ventures run mainly by software developers and tech experts are negotiating the terms with financial pros who earned their chops on Wall Street.

It’s the cost of surviving what’s come to be known as the crypto winter—and a stunning turnaround from the mania that drove Bitcoin up by 1,400 percent in 2017. The most valuable token is down about 80 percent from its peak. For the other side of the trade, it’s an inexpensive way to bet on a rebound.

“Anyone sitting on a stockpile of tokens saw in the bear market of 2018 that their business is at the mercy of crypto prices,” said Sam Bankman-Fried, chief executive officer of Alameda Research, a quantitative trading firm for digital assets in San Francisco. “It can be crucial for those players’ survival to have some cash if digital asset prices go down.”

Miners, who produce new coins and verify transactions, as well as companies that raised money in the initial coin offering boom of 2017, are having to get creative to keep the lights on. They are among the main sellers of derivatives similar to covered call options, a trade popular among stock investors.

Options trading has also been propelled by a growing crowd of ex-Wall Street professionals who have quit traditional assets for crypto. Key players include QCP Capital and Akuna Capital, firms staffed by former employees of hedge funds and high frequency trading shops.

While Bitcoin futures, which were introduced in late 2017, trade on public markets managed by regulated companies such as CME Group Inc., most options trades, which began appearing about six months ago, are private bilateral contracts. That means official statistics are hard to come by.

Interviews with a dozen crypto traders and investors from New York to Sydney yielded a variety of estimates on sales volumes, from $125 million per month to $500 million, and differing views on whether the main users are professional counterparties trading between themselves, or the miners who create the digital assets and other large token holders.

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Why Do the Youth Choose Crypto Currency?

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One of the answers can be found in the book “Generations” published in 1991 by Neil Howe and William Strauss known as the founders of the generational theory. The authors of this theory proposed to define 20-year generational periods, but these are just approximate intervals, they can vary within several years and are a little bit different from the intervals described by other researchers. Certain features developed under specific conditions of child‑raising environment characterize each generation. For example, habits and needs related to quality, speed and amount of information form values and a certain attitude towards life in general. For millennials known as Generation Y (born between 1984 and 2000), digital technologies and the absence of territorial boundaries are an integral part of everyday life. They decide whether a certain topic is interesting in 8–10 seconds. They easily manage their money using mobile apps, receive education in master classes and online courses and prefer flexible working hours and co‑working over office work.

In its research, the Markswebb Rank & Report analytical agency cites numbers, which show the differences in attitudes of Baby Boomers and Generations X, Y and Z towards new technologies. Baby Boomers (born between 1943 and 1963) are tradition-bound people, face‑to‑face communication plays an important role in their lives, and only 11.9% of them pay for goods and services online. The representatives of Generation X (born between 1963 and 1984) are always busy, they actively take part in development of the Internet as they were born at the time of its emergence. Founders of Google, Tesla, Facebook and Amazon belong to Generation X. When it comes to using the Internet, whether it is buying clothes, booking tickets, looking for a job or even buying an apartment or a house, they are about as good as millennials. Today, 53% of all online purchases are made by Generation Y. But Generation X prefers to spend more time on social media than millennials, they like being in front of a personal computer and viewing news feeds on Facebook about 7 hours per week. Social networks as a free way of communication with the outside world have a huge potential for further development of digital civilization.

Generation Z, i.e. those people who were born after 2000, are the main users of new technologies. The digital world belongs to Homelanders, who absorb information faster than modern technologies provide it. According to Marc Prensky, who also studied the generational theory, the oldest representatives of the digital generation are still teenagers between the ages of 14 and 15, and they will have to use, develop and improve the technologies, which are currently being created by millennials.

Choice of the Youth — Crypto Industry

Millennials are inherently multi-tasking, they quite willingly learn about new things, have no experience of financial losses and easily see income opportunities. Such characteristics partially explain the interest shown by Generation Y towards the crypto industry. Technological awareness of millennials also contributes to frequent use of high technologies, execution of various operations using crypto currency, from its creation and mining to raising digital capital.

The youth are more interested in creating and using programs, apps and services for estimating financial strategies and managing funds via smartphones. Unwillingness to spend time on studying complex financial schemes and lack of fundamental knowledge inherent to Baby Boomers and Generation X, who are always engaged in the economic and financial fields, do not mean that Generation Y is losing out to other generations. Millennials simply spend time and resources more efficiently and are very good at high technologies.

The emergence of online investment companies, services and digital platforms greatly facilitates the processes related to carrying out financial operations both for personal use and professional activity.

For example, Wealthfront (2008) makes it possible to transfer options to a diversified portfolio of funds traded on the exchange. In addition, it allows accumulating desired savings (for education, travelling, etc.), groups together all accounts and provides an opportunity to analyze expenses and incomes.

The Betterment functionality (2008) provides an opportunity to automatically accumulate and allocate assets.

Motif Investing (2010) is both an investment broker and a social network where every person can invest in a project according to their own interests.

Oval, startup company (2016), offers to deposit a small amount of money to the user’s digital account for each incoming or outgoing transaction. Thus, regular passive income is ensured.

The Bitbon System (2017) is a digital platform providing an opportunity to invest money or find investors for projects.

Most digital services and platforms issuing their own crypto currencies and tokens, which are based on a democratic and decentralized nature of Blockchain technologies, raise no objections from the youth. Blockchain is a perfect environment for developing a social network: it stores personal data, no intermediaries are necessary to carry out transactions, and interaction among the network participants is absolutely transparent.

Digital currency and blockchain-based platforms are becoming a tool for financial independence of Generations Y and Z as they meet all requirements of freedom and equality.

Reasons to choose crypto currency:

  1. Financial crisis of 2008 created a sense of disappointment in the stock markets. This was also the year when the first crypto coin, Bitcoin, emerged, which gave a new hope to the youth.
  2. Seeming simplicity of investing. You can invest a small amount of money and receive passive income by using your personal computer or other devices (telephone or smartphone).
  3. The decentralized Blockchain system ensures independence from the influence of public corporations on the financial system.
  4. Digital freedom erases boundaries and provides access to information at any time and via any device.
  5. Crypto industry completely changes the labor market.
  6. The value of money changes. Generation Y pays more attention to solving environmental issues, whereas “mining” money is considered to be a computer game.

In 2019, the crypto industry marks its tenth anniversary, and there is a solid foundation for its further development. Principles of the Blockchain functioning and possibilities of its use in various fields are already clear to all generations. The rate of use and acceptance of digital technologies in everyday life mostly depends on understanding their functioning principles. Crypto currency has become a symbol of social justice and a key to the new global financial system.

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First U.S. Pension Funds Take the Plunge on Crypto Investing

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Morgan Creek Digital has scored what it says is probably the first investment in the crypto asset universe from a U.S. pension fund. Two pension plans in Fairfax County, Virginia are anchor investors in a new $40 million venture-capital fund, according to a statement from the company. Other investors include an insurance company, a university endowment and a private foundation, said Morgan Creek Digital founder Anthony Pompliano, who declined to provide further details.

Many institutional investors, which crypto enthusiasts believe will be drawn to digital assets because of their volatility and potential out-sized gains, have been deterred by market manipulation and a lack of regulation. The Virginia pension funds join a handful of institutions to invest in the crypto world, including Yale University, the second-largest endowment in higher education that invested in a digital assets fund last year.

Fairfax County Retirement Systems manages three separate defined benefit plans, two of which invested in the Morgan Creek Digital fund, said Pompliano. Katherine Molnar, chief investment officer of one of the funds, said in a statement that blockchain technology, which was first developed to record the movement of Bitcoin, is an “emerging opportunity” that offers an “attractive asymmetric return profile.’’

Pompliano said his new fund is structured like a traditional venture capital fund that will invest in the equity of companies in the blockchain and digital assets industry. The fund will also hold a small percentage of its value in liquid cryptocurrencies, such as Bitcoin, said Pompliano. Bitcoin lost about 75 percent of its value in 2018.

“There’s a belief in the institutional world that if the industry will be around for a long time, it will be very valuable,’’ Pompliano said in a phone interview. “The smart money is not distracted by price but looks at the long-term trends, and believes they’re betting on innovation as a great way to deliver risk-mitigated returns.’’

Morgan Creek Digital, which is an affiliate of the investment manager Morgan Creek Capital Management LLC, exceeded its original target of $25 million for the fund. Its pitch: all traditional assets will eventually be represented by digital tokens, while the influx of intellectual capital into digital assets will create positive returns. It also argues that cryptocurrencies are not correlated to traditional assets, giving investors unique exposures.

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Philippines UnionBank Launches First Crypto ATM

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Aboitiz-led Union Bank of the Philippines is launching the country’s first two-way virtual currency automated teller machine (ATM), allowing customers to purchase and sell virtual currencies for cash via an ATM machine as part of its sandbox.

UnionBank said the bank’s continued collaboration with the Bangko Sentral ng Pilipinas (BSP) has allowed it to provide Filipinos with innovative solutions in line with all applicable regulations.

“In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa,” it said in a statement.

Cryptocurrency is a type of virtual currency that uses cryptography – a method of storing and transmitting data in unreadable form so that only the intended receivers can read and process it. Bitcoin is the first and most popular cryptocurrency to date introduced in 2009

Following the rise in the use of virtual currencies for payments and remittances in the Philippines, the BSP established a formal regulatory framework for virtual currency Exchanges through Circular 944 dated Feb. 6 2017.

The circular requires virtual currency exchanges to register with the BSP as remittance and transfer companies. These exchanges are also required to put in place adequate safeguards to address the risks associated with virtual currencies, including control measures to counter money laundering/terrorist financing, technology risk management systems, and consumer protection mechanisms.

Earnings of UnionBank slipped 13.1 percent to P7.32 billion last year from P8.42 billion in 2017 amid the double-digit increase operating expenses as well as change in reporting standards.

Edwin Bautista, president and chief executive officer at UnionBank, said P1.2 billion in retained earnings did not pass the fair value changes recognized in profit or loss due to the shift to the Philippine Finance Reporting Standards 9.

Bautista said the listed bank has been posting returns over the past three years, while making major investments in technology and people.

According to Bautista, 2019 would usher the third phase of the digital transformation journey by scaling up the touchpoints through enhanced features in the mobile app as well as the roll-out of more The Ark branches.

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100X Bitcoin Leverage: PrimeXBT Platform Goes LIVE!

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Today signals a turning point in global cryptocurrency markets and the direction that the sites supporting them are taking, as the doors to one of the world’s most sophisticated new trading platforms swing open, and a waitlist of over 150,000 traders from 175 countries around the world are finally able to see what all of the hype has been about.

PrimeXBT won’t be competing with existing crypto-asset exchanges – instead they’re positioned to use technological foresight and connections within the industry to be dominant, both in the retail and institutional sectors of the market. 

This comes in no small part from the powerful combination of advanced functionality and strategy-driven options, such as leverage-trading of up to 100x, the ability for traders to short-sell cryptos and by providing aggregated liquidity from 12 separate providers, concurrently and instantaneously.

By providing this functionality-suite initially for Bitcoin, Ethereum, Ripple, Litecoin and EOS, opportunities to short-sell Litecoin or to leverage EOS at 1:100 are uniquely available now on PrimeXBT.  With the addition of many more crypto-assets planned, the potential to enact similar trades on an even broader range of assets will be possible over the coming months.

Unsurprisingly, much of what has already been publicized about PrimeXBT in the lead up to today’s launch outlines the creation of a trading toolset more closely in alignment with large traditional asset trading platforms. 

While only a tiny minority of crypto-based exchanges allow traders to leverage trade assets like Bitcoin or Ethereum, and even fewer provide the ability to short-sell during bear conditions, PrimeXBT has embraced the mantra of selecting and combining the widest range of options available for traders to-date.

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Advanced Features Providing Traders with a Competitive Edge

Incumbent crypto-asset platforms have been slow to realize the market demand for modern features that are suitable for a growing user-base, consisting of ever more sophisticated investors.

Where once simple functionality was enough for a new and developing industry, explosive adoption throughout the past few years and the potential for 2019 to be the biggest growth year yet has seen a maturation of typical trader and the strategies being used.

This, coupled with a move by hedge funds and other institutional traders into crypto-asset markets recently, has created the clear need for next generation trading platforms offering features in-sync with higher-powered trading strategies.

PrimeXBT has taken this challenge in its stride, bucking the trend to produce yet another cookie-cutter exchange, and dramatically superseding what has come before by tailoring a feature-driven interface for modern traders:

  • Fluidly-adjustable leveraging from 1:1 up to an industry-leading 1:100
  • Mechanisms provided for short-selling, not only for BTC pairs, but for ALL assets.
  • Instantly-available volume aggregated from 12 providers simultaneously, ensuring optimal price-acquisition and mitigating against slippage.
  • Lower trading fees than any other major trading platforms, with early-adopters securing fees at ¼ of the cost of trading at Bitfinex.
  • A wide range of specialized order types, including stop-loss, OCO (one-cancels-the-other) and protection orders.
  • The complete removal of any KYC requirements, and anonymous sign-up using an email alone, all within less than 1 minute until accessing trading accounts.
  • Unlike many other platforms, deposits can be made in fiat and cryptocurrencies via Changelly’s integration with PrimeXBT systems.
  • Easy-to-use and easy-to-customize professional user interface, providing multi-screen support, advanced charting software and a comprehensive walkthrough tutorial.
  • Robust financial-industry-grade security protocols, utilizing cold-wallet storage, address whitelisting, cryptographic password hashing and 2-factor authentication as standard on all accounts.

Any one of these features provides greater power to develop profitable strategies – when combined together, they provide the unprecedented ability to access crypto-asset markets with a versatile and comprehensive toolset.

The value of the addition of a broad range of functionality isn’t in the functionality itself, but in the new and untapped opportunities that are provided for traders and investors.

A Unique Feature-Set Facilitating Unique Opportunities

Professional traders understand that opportunity predominantly falls within outlier situations, away from the pack, and by discovering and developing an edge over competitors using any resources available.

What are some of the edge-case opportunities open to the 130,000-strong army marching into PrimeXBT today?

Ability to Short and Leverage ALL of the 6 largest-marketcap cryptocurrencies

No other platform in the world provides the distinct opportunity to generate returns on the top 6 cryptocurrencies, irrespective of market conditions. While shorting is commonplace in traditional markets, PrimeXBT provides the cryptocurrency industry’s widest selection of high-liquidity shortable pairs. 

When combined with the ability to leverage trades at a rate of up to 100 times the initial deposit amount, opportunities that would not be possible otherwise and that have the potential to yield incomparable ROI’s, are available exclusively at PrimeXBT.


Lower fees exposure opportunities in High-Frequency Trading (HFT)

Advanced strategies such as arbitrage and market-making use the cost of platform fees as a determining factor to profitability, and the potential to execute on a particular trader. 

By providing a fee structure lower than other major platforms, PrimeXBT allows traders to customize HFT strategies to include trades that would typically be unprofitable at higher-fee exchanges.

Simultaneously-Opposing Trades Allows for Advanced Risk Management

PrimeXBT provides the unique ability to hold opposing positions concurrently on any given trading pair.  Instead of being forced to enter naked positions with full risk if the trend moves against them, traders are now able to develop strategies that incorporate hedging by placing weighted trades in the counteracting direction.

While features such as leveraging are undoubtedly powerful, the true power lies in developing leveraged positions with calculated risk management utilizing hedging for safety.  This functionality reflects PrimeXBT’s goal to provide professional trading tools to beginners and experts equally.


Instant Access to PrimeXBT – the Time for Waitlists is Over

After months of anticipation, registrations and preparation.. PrimeXBT is now LIVE!

Tens of thousands of new users are logging into their new accounts following the lead up to today’s launch event.  But to get your first look at the platform’s features and user interface, there’s no need to join the back of a waitlist.

Be one of the first to experience the power of PrimeXBT at https://PrimeXBT.com, and for your chance to earn from the wave of new users signing up in the coming months, be a part of the highest-paying crypto platform referral program at https://PrimeXB.com/referral/.

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Cryptocurrency Platform Chimpion Announces Support for Binance

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Chimpion announced that its platform will support Binance Coin (BNB) as a payment currency and that it will be launching BNB Avenue, a BNB-exclusive online marketplace.

BNB Avenue will be built on the Chimpion e-commerce platform and will give consumers around the world access to products from top online marketplaces, similarly to BCD Bazaar, which was launched by Chimpion sponsors Shopping Cart Elite and the Bitcoin Diamond Foundation. Like BCD Bazaar, BNB Avenue not only gives merchants a chance to easily adopt cryptocurrency, it also empowers customers from all over the world to purchase or request a variety of products that may have not been available via fiat currency.

While most popular marketplaces operate in fiat currency, BNB Avenue exclusively supports Binance Coin (BNB), making it easy for shoppers all over the world to purchase coveted products. All Chimpion stores will now have the option to accept BNB payments, giving BNB holders even more options when they buy and sell online.

Binance was launched in 2017 by Changpeng “CZ” Zhao and experienced extremely rapid growth within its first six months. As of January 2018, Binance is the world’s largest cryptocurrency exchange with nearly $1.5 billion daily trade volume. After the successful launch of the Binance exchange, the company launched its token coin, Binance Coin (BNB), which has since reached a market capitalization of $1.3 billion.

With Binance Coin’s high profile in the crypto market and Chimpion’s robust e-commerce platform, BNB Avenue presents BNB holders with a practical way to use the currency.

About Chimpion

Chimpion is a cryptocurrency e-commerce platform that enables any merchant to begin accepting cryptocurrency payments online. By holding Chimpion’s Banana Token (BNANA), merchants can gain access to Chimpion’s robust crypto e-commerce platform for free, without needing to pay a monthly subscription fee. Chimpion was developed using technology from Shopping Cart Elite, Paytomat and Bitcoin Diamond (BCD) and combines comprehensive e-commerce features with convenient payment processing.

Chimpion’s primary goal is to drive the adoption of cryptocurrency as a payment solution by operating a rich e-commerce platform centered around digital assets. New startups and established merchants alike can become part of Chimpion’s vast network to take advantage of its fast and affordable transactions and user-friendly infrastructure.

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BitTorrent (BTT) Supported by CoinPayments’ Cryptocurrency Payment Gateway

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BitTorrent Inc., a leader in peer-to-peer protocols and products, announced that CoinPayments now supports BitTorrent (BTT), enabling millions of customers to use BitTorrent (BTT) to purchase goods and services from hundreds of online merchants.

BitTorrent, which already works closely with CoinPayments to accept TRON (TRX), Bitcoin (BTC), and Binance (BNB) for its premium products, today announced that customers can also pay in BitTorrent (BTT). One-year subscriptions for BitTorrent and µTorrent plans offer file conversion, streaming in HD quality and protection from virus and malware.

“Coming this summer, BitTorrent Speed will be implemented into our popular Windows-based µTorrent Classic client to create a healthier ecosystem and a foundation where content creators can distribute their work directly across the web,” said Justin Sun, founder of TRON and CEO of BitTorrent. “In advance of this highly anticipated release, we look forward to working with CoinPayments and other partners to make BitTorrent (BTT) liquid in the online marketplace before BTT is fully integrated into our desktop and mobile products.”

Users who are interested in receiving real-time updates about BitTorrent Speed, BTT, and upcoming product launches can follow the company’s official social media channels on FacebookTwitter, and Telegram.

About CoinPayments
Founded in 2013 CoinPayments now supports payments for bitcoin and over 1,000 altcoins for 2.3 million business and user accounts across 182 countries. Its platform offers prebuilt plugins and integrations for all the major ecommerce platforms, including Shopify, Woocommerce and Magento. With hosted wallets, conversion and fiat settlement functionality, CoinPayments leads the way in furthering the adoption of cryptocurrencies.

About TRON and BitTorrent, Inc.
Founded in 2004, BitTorrent, Inc. is the largest decentralized peer-to-peer network in the world, with over 100 million active users driving 22% of upstream and 3% of downstream traffic globally.

TRON is dedicated to creating a boundary-free internet that inspires innovation across industries. TRON, one of the largest blockchain protocols, offers high throughput, high scalability, and high availability for all Decentralized Applications (DApps).  The ecosystem is governed by Super Representatives and the community.

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Coinbase Launches Paypal Withdrawals

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Last year Coinbase announced support for PayPal in the U.S., and today Coinbase expanding that support for PayPal withdrawals to all E.U. customers and customers in European Free Trade Association countries (Iceland, Liechtenstein, Norway, and Switzerland). Coinbase strive to make Coinbase the safest and easiest place to use cryptocurrency — offering convenient withdrawal options like PayPal is another big step towards that goal.

Before PayPal, SEPA and UK Faster Payments were the only options for European customers to withdraw funds. Part of our commitment to being the safest and easiest is to support the preferred transfer options for our customers around the world. As one of the world’s easiest and most widely-used payment platforms, adding PayPal as a withdrawal option for European customers offers another great option for withdrawing their funds.

To get started, sign in to Coinbase and link your PayPal account to your Coinbase account. Select your PayPal account as a payment option when withdrawing your cash balance to easily move your funds.

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Two Men Indicted In “SIM Swapping” Scheme To Steal Cryptocurrency

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A federal grand jury indicted Ahmad Wagaafe Hared and Matthew Gene Ditman with conspiracy to commit computer fraud and abuse, conspiracy to commit access device fraud, extortion, and aggravated identity theft, announced United States Attorney David L. Anderson and Federal Bureau of Investigation, Special Agent in Charge John Bennett.

According to the indictment unsealed today, Hared, 21, of Tucson, Ariz., and Ditman, 23, of Las Vegas, Nev., engaged in a scheme to obtain by fraud and extortion cryptocurrencies and other money and property owned and controlled by executives of cryptocurrency-related companies and cryptocurrency investors. The indictment alleges Hared, Ditman, and their co-conspirators used fraud, deception, and social engineering techniques to induce representatives of cellphone service providers to provide information about the SIM cards of the conspirators’ victims.

A SIM card—short for Subscriber Identity Module or Subscriber Identification Module—is a technology used to identify and authenticate subscribers on mobile phone devices. The conspirators allegedly convinced the representatives of cellphone service providers to transfer or port cellphone numbers from SIM cards in the devices possessed by victims to SIM cards in devices possessed by the conspirators, a practice known as SIM swapping.

The indictment further alleges that after Hared, Ditman, and others gained control of victims’ cellphone numbers, they used additional deceptive techniques to gain access to email, electronic storage, and other accounts of victims and ultimately to cryptocurrency accounts of victims. Hared, Ditman, and their co-conspirators also extorted victims of the SIM swapping scheme.

Hared was arrested in Tucson and made his initial appearance in the District of Arizona on January 31, 2019. He was released on a $100,000 bond. His next scheduled appearance is at 9:30 a.m. on February 13, 2019, before the Honorable Laurel Beeler, U.S. Magistrate Court Judge.

Ditman was arrested in Las Vegas and made his initial appearance in the District of Nevada on January 31, 2019. He was released on bond. His next scheduled appearance is at 9:30 a.m. on February 6, 2019, before Judge Beeler.

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