Less than a month since CEO Jamie Dimon inaccurately described bitcoin as a “fraud,” JPMorgan has changed its stance on the cryptocurrency.
Throughout the past month, analysts and investors in both the cryptocurrency and traditional finance markets have criticized Dimon and JPMorgan for their baseless condemnation on bitcoin. Almost immediately after the company’s CEO called bitcoin a fraud and a bubble, JPMorgan was fined $4 billion for actual fraud in September.
After that, Dimon broke his personal promise to not discuss bitcoin any longer by describing it as a money laundering tool. Ironically, JPMorgan was cracked down by the Swiss financial authority FINMA, for money laundering.
JPMorgan Changes Stance, Suddenly Optimistic in Regards to Bitcoin
Earlier this week, JP Morgan analyst Nikolaos Panigirtzoglou, publicly stated that bitcoin has the potential to become an emerging asset class, given that CBOE and CME, two of the world’s largest options exchanges, will list bitcoin futures by mid-December.
“The prospective launch of bitcoin futures contracts by established exchanges, in particular, has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors,” said Panigirtzoglou.
He further emphasized that as the acceptance of bitcoin as a store of value continues to increase, the market valuation and price of bitcoin will likely increase proportionally.
Bitcoin Futures Exchanges Will Lead Investors in Finance Market to Bitcoin
This week, several highly respected analysts including Satoshi Citadel Industries (SCI) co-founder Miguel Cuneta explained that bitcoin is only starting to transform the finance sector, and the price of bitcoin, which is currently at around $11,500, will increase exponentially in the upcoming years.
“Over one-third of a trillion dollars. That’s the total amount of cryptocurrencies in the world. $165 Billion belongs to Bitcoin alone, which just shows how dominant network effects can be. Because of Bitcoin technology, the power to create money was granted to every human being on earth and taken away from kings, oligarchs, and governments,” said Cuneta.
In the long-term, more investment banks, hedge funds, and investors will change their stance on bitcoin.
Bitcoin Association launches online education platform Bitcoin SV Academy
Bitcoin Association, the Switzerland-based global industry organisation that works to advance business with the Bitcoin SV blockchain, today announces the official launch of Bitcoin SV Academy – a dedicated online education platform for Bitcoin, offering academia-quality, university-style courses and learning materials. Developed by Bitcoin Association, Bitcoin SV Academy has been created to make learning about Bitcoin – the way creator Satoshi Nakamoto designed it – accessible, accurate and understandable. Courses are available in their entirety online and offered in three distinct streams:
Bitcoin Theory – covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.
Bitcoin Development – provides vanguard information for application developers building with Bitcoin, including tools and techniques for leveraging the unique features of the network.
Bitcoin Infrastructure – looks at the underlying architecture of both the Bitcoin network and ledger, including how the network is constructed and scales.
Within each stream, courses are offered at introductory, intermediate and advanced levels, following a progressive structure designed to build on the concepts and knowledge introduced in the preceding course. At the conclusion of each course, participants will undertake an online assessment to test their understanding of the material, with certification available to those who pass.
The first course to launch, the introductory module of the Bitcoin Theory stream, is now available for enrolment at www.bitcoinsv.academy. Introductory level courses will be offered free of charge for the foreseeable future, part of Bitcoin Association’s commitment to making Bitcoin education available to as wide of an audience as possible.
Speaking on today’s announcement, Bitcoin Association Founding President Jimmy Nguyen, commented:
‘Education is a cornerstone of the work we do at Bitcoin Association, as we help businesses and individuals alike understand the Bitcoin system envisioned by Satoshi Nakamoto, and how Bitcoin SV is the only project implementing that Satoshi Vision. Bitcoin SV Academy will be a key component of that work moving forward, providing a platform to deliver a robust curriculum tailored to all levels of ability and knowledge, as we educate the world about just what’s possible with the power of the original Bitcoin protocol.’
Also commenting, Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, said:
“The most important piece of infrastructure that Bitcoin can have is access and availability of education – not only does it broaden the pool of talent available to work and build with Bitcoin, but it also helps to spread awareness of what Bitcoin as an entire technology system can do and is truly capable of. The launch of Bitcoin SV Academy is a huge step forward in making meaningful change in this area – and having taken the first course myself, I can confirm that there really is something for everybody to learn in there.”
How One Crypto Player’s Winnings have Reached $275k at CryptoSlots in Two Years
Ever wonder if players really do get lucky from crypto casinos? Maybe not all, but we found one CryptoSlots casino player whose winnings have added up to a substantial $275k in wins in just two years of playing ($276,200 to be exact). David C is from California, and wisely started investing in Bitcoin in 2016 – in 2018 he decided to play at Bitcoin casinos with some of his savings, and the rest is history. Read our interview with him below.
Bonus code COINAD100 is valid for 100% match on deposits $25 – $500 until Dec 31st, 2020.
Do you have a strategy?
I only put in what I got out of crypto investing, I don’t play for hours on end – you have to be smart. I won a few thousand on the Jackpot game early on, got a huge win on Olympus High Limit version at one point. With bigger wins I like that I always set the money aside. Quit when you’re ahead.
But a lot of it as learning how the games work. I count the medium wins rather than hold out for bigger ones. And, at CryptoSlots, save up Jackpot Tokens and then play Jackpot Trigger for longer all in one go.
Have you always played online?
I’ve played slots online a lot before – only been to two actual casinos in my life to be honest with you. You have more control over what you’re doing when you’re online.
What do you like about playing with Bitcoin?
When playing at btc casinos, I don’t have to get my bank involved or wait for payments to come through – I know exactly where my money is at all times.
Last but not least, what do you spend your winnings on?
Well some of it goes back into playing, some I keep in crypto, some I spend. Last year we did a trip around Asia. We went jungle trekking in Malaysia, I got my diving certificate in Indonesia, stayed a few days in Singapore. It was out of this world, such a vacation. We were planning on heading to Norway this winter to see the Northern Lights but, unfortunately, that will have to wait thanks to this coronavirus.
When asked about his favorites among Cryptoslots’ Provably Fair casino games, David said he largely alternates between the slots to diversify his crypto bets. So we took a look at his top ten games over the last six months and analyzed his payback ratio on each:
Interestingly, the High Limit games seem at a glance to be most volatile – offering the lowest payback ratio (Vegas Vibes High Limit at 72.5%) and the highest (Blazing Wilds High Limit at 179.1%). His standard video slot play produced more reliable wins but less chance of huge paybacks (e.g. Coin Rush at 105.8% and Vegas Twin at 99%).
Of course, it all depends on how much is bet and for how long the game is played. David bet the least on both Jacks or Better and Pyramid Plunder High Limit – maybe his inclinations warned him that luck was lurking elsewhere, maybe he quit too soon and longer gameplay would have increased his payback ratio! A significant win can make the world of difference.
We always ask our players if they believe in luck, and just like David, most of them tell us it depends on the day. For now, it seems his strategies are literally paying off.
If you’re fan of bitcoin casino games, check out Cryptoslots and take advantage of the 100% match using bonus code OURBTCNOV now.
LH-Crypto – Margin Trading with Cryptocurrencies
In 2018, LH-Crypto has become one of the most successful projects in the crypto industry. The crypto community was particularly attracted to the hi-tech start-up’s ICO for its concept of the first-ever full-scale crypto broker. The idea worked out well, so two years later LH-Crypto continues amazing its investors and clients with the pace of its development and the high quality of its services.
LH-Crypto company was among the first to create a platform for investing cryptocurrencies, thus developing the whole industry. The experience that this professional team had accumulated helped them create a range of investment products for crypto owners which were a breakthrough for this trading subindustry.
LH-Crypto broker was the first one to give people an opportunity to trade crypto with leverage and invest it into the most conservative financial assets like stocks and precious metals.
LH-Crypto gives everyone access to trading
An important part of LH-Crypto services is that they are easy to access for traders of all levels and capacities. One can start trading with as little as 10 Euro on his or her deposit. Clients with over 10000 Euro on their accounts receive advanced conditions for trading and withdrawal.
More than that, the company maintains the main principle of the crypto market – anonymity. Whenever one opens an account in crypto, be it Bitcoin, Ethereum, Tether or other, it can be used with no special verification. This option, however, is not applied to the accounts denominated in Euro, for most of the payment systems are very strict about the rules for fiat currency transactions.
LH-Crypto provides high-quality operations thanks to the most cutting-edge trading platform. Clients’ orders are processed instantly, with no slippage and for the best market prices. The trading platform algorithms pick the best leverage level for each deposit, from 1:2 to 1:500 that helps eliminate unnecessary risks for every trading strategy.
Trading assets for everyone
The list of trading assets in LH-Crypto includes assets of both investing and speculative natures: cryptocurrency pairs, fiat currency pairs, mixed currency pairs, precious metals, commodities, stocks, indices – more than 240 listed assets.
Forex and crypto markets work round the clock, so it is possible to trade any time joining different trading sessions in different exchanges. Apart from that, iOS and Android-based mobile apps enable traders to follow the market and make orders wherever they are.
Automated deposit and withdrawal
Withdrawal from LH-Crypto account is just as easy as depositing funds. These procedures are performed both in the Client Area and in the trading terminal, so every operation can be made by just clicking several buttons.
Special offers and bonus programmes
Motivating offers are a crucial part of working with customers, so LH-Crypto regularly replenishes its clients’ accounts with trading bonuses and offers other trading privileges.
LH-Crypto takes special interest in enlarging its footprint, so the company readily partners with other projects and individuals both online and offline. The broker’s partnership programmes are famous for their high payouts, sparing requirements to the partners, and user-friendly support at all stages.
Digital commodities exchange Emirex introduces Bitcoin SV trading pairs
Emirex, the Dubai-based digital commodities exchange, today announces that it has officially introduced support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USDT and BSV/EUR trading pairs are listed and available for use. Emirex will also introduce a BSV/AED trading pair at a later date, which will be the first direct BSV/AED pair available in the market.
Demand for Bitcoin SV continues to climb globally, as the utility of its massively scaling blockchain drives growth across its ecosystem of applications and services, in addition to functioning as a popular payments rail due to its fast transaction times and very low transaction fees (sending a Bitcoin SV payment costs only 1/100 of a U.S. cent).
While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV – within a regulatory compliant environment. Customers can fund their accounts using Visa, Mastercard, and Maestro, in addition to EUR SEPA transfer. USD, EUR and AED options via SWIFT transfer will also be available soon.
Speaking on the introduction of Bitcoin SV, Emirex CEO Grigory Rybalchenko, commented:
“Our cooperation with new projects is of high importance for our business performance. Today, we welcome the engagement with Bitcoin SV. It is a great pleasure for us to list such a promising project and we are looking forward to a long-term cooperation. The Emirex team will provide high-quality service and constant support to the BSV community in order to provide a better trading experience.”
Welcoming today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association – the global industry organisation which works to advance business on the Bitcoin SV blockchain – said:
“As demand for Bitcoin SV grows around the globe, the introduction of new trading pairs on the Emirex exchange facilitates another fiat onramp for those active in our ecosystem to buy and sell BSV. Emirex has an exciting roadmap forward with expansion planned through the Middle East, Africa and Europe – a journey that we are delighted Bitcoin SV will be a part of.”
MyBTC.ca Now Let’s Canadian’s Buy Bitcoin with Credit Cards Instantly
Bitcoin is showing strong signs of going parabolic before Christmas. As a result, thousands of Canadians are scrambling to buy a stake in the world’s favorite cryptocurrency. Doing so is also easy, thanks to MyBTC.ca now making it possible to buy Bitcoin with credit cards in Canada in a matter of seconds.
Being Able to Buy Bitcoin with Credit Cards in Canada is a Big Deal
Buying Bitcoin in Canada hasn’t always been as easy as you might think. Even today, Canadian’s who use international exchanges like Coinbase often have to wait for 2-weeks to have exchange accounts verified. This is why the past year has seen local exchanges like MyBTC.ca skyrocket in popularity.
Sadly, even when using local exchanges, paying for Bitcoin via bank transfer can still take up to 24-hours. Now, though, this is no longer the case.
How to Buy Bitcoin with Credit Card or Debit Card Instantly
Starting in time for this year’s Bitcoin bull run, MyBTC.ca has launched a new instant credit and debit card Bitcoin payment portal powered by Simplex.
- Buying Bitcoin is now as easy as entering the amount of BTC you want to purchase, followed by your Bitcoin wallet address.
- After one-time identity verification with Simplex, all transactions settle instantly.
- As soon as you buy BTC via MyBTC.ca’s Bitcoin credit card portal, you own your coins and your BTC private keys.
Now Canadian’s Can Buy Bitcoin Instantly at Current Market Rates
Until now, one of the only ways to buy Bitcoin instantly in Canada has been via Bitcoin ATMs. Sadly, Bitcoin ATMs charge high-fees. Using ATMs can pose more than a few physical security risks. Thankfully, Canadians can now buy Bitcoin instantly at current market rates, right from the comfort of their own smartphone. Don’t get left behind by the next Bitcoin bull run. If you are in Canada, visit MyBTC.ca now to buy Bitcoin faster, more securely, and more affordably, than at any other exchange.
Genobank Surpasses $418K in Crowdfunding to Launch the First Ever Anonymous DNA Test Kit
Genobank.io, the first ever anonymous, privacy-preserving DNA extraction kit announced that it has reached $418,000 in crowdfunding from over 1,400 investors around the world. The crowdfunding opportunity allows a majority of the world’s population to invest as little as $100 in the company in exchange for equity. The investment will enable Genobank.io to offer their DNA test kits to be branded and sponsored by key research institutions. This news is joined by the announcement that Genobank.io has been awarded a $50K grant by VC fund Block.one to use its technology in facilitating anonymous access to COVID-19 testing.
Genobank.io is dedicated to helping individuals in claiming ownership over their exclusive genetic variants while making them available for analysis. According to a study from KPMG, about 65% of people who are interested in taking a DNA test have worries about privacy. For the first time ever, Genobank.io allows individuals to have their DNA encrypted & stored with confidence and have the option to be compensated by participating in genome-guided clinical trials or health studies using a Blockchain based data wallet.
“In 2017 my son was diagnosed with a rare genetic disorder caused by a mutation in his DNA. After looking into various personal genetics companies, I was alarmed at the control they would have over my sons precious DNA. This motivated us to create a solution that puts the power back into consumers hands.” – Daniel Uribe, CEO, Genobank.io
The company’s patent pending technology leverages blockchain and differential privacy to guarantee consumers security and control over humanity’s most precious asset: our DNA. In June 2020, the British Blockchain Association approved and published groundbreaking research that was conducted by Genobank.io’s CEO, Daniel Uribe and Gisele Waters, PhD: “Privacy Laws, Genomics and Non-Fungible-Tokens”.
World’s Largest Art Auction for Covid Relief to Close With Speech by Bitcoin Pioneer
Art&Co., the world’s largest online auction for supporting charities addressing the five D’s of the Covid-19 virus:, Death, Disease, Depression, Domestic Violence and Disproportionality for ethnic minorities, will mark its closing today with a speech by crypto-currency pioneer Brock Pierce about philanthropy and art as collectible investments. Fineqia International Inc. (“the Company” or “Fineqia”) (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is among Art&Co.’s founding partners.
Pierce is an entrepreneur and venture capitalist with an extensive track record of founding, advising and investing in disruptive businesses. A noted philanthropist, he is also credited for pioneering the market for digital currencies and co-founding Blockchain Capital, the EOS Alliance and Tether.
255 pieces of art are being auctioned to bidders from across the globe by Art&Co. Funds raised are being shared by seven registered charities and 46 artists who have come together in the fight against Covid-19. Worldwide infections are approaching 10 million, with nearly half a million deaths, according to the World Health Organization. The United States, Brazil, Russia, India and the UK top the countries most affected.
“Covid represents a clear, present and global danger,” said Brock Pierce, founder of the Puerto Rico based non-profit Integro Foundation. “There’s no time like the present to fight this danger.”
Pierce will be live online at ArtandCo.net/Live on Saturday June 27, at 5 PM UK/12 PM NY time. The auction will end at 7 PM UK/2 PM NY time.
“Brock has a knack for spotting early opportunities,” said Bundeep Singh Rangar, Art&Co.’s Founder and Fineqia’s CEO. “He’ll share his picks live on screen, among works from emerging artists in the collection.”
Fund’s raised from InsurAid’s Art&Co. project will go to artists and seven registered charities: ICU Steps (https://www.icusteps.org/), The Care Workers Charity (https://www.thecareworkerscharity.org.uk/), Khalsa Aid International (https://www.khalsaaid.org/), Race on the Agenda (ROTA) (https://www.rota.org.uk/), Painting Our World in Silver (http://www.silvercharity.org/), Solace Women’s Aid (https://www.solacewomensaid.org/) and Za Teb (“For You”) (https://zateb.org/). Charities have welcomed the Art&Co. initiative by PremFina’s InsurAid unit as contributions have dried up, due to the lockdown.
London-based insurtech firm PremFina’s shareholders include global investors Rakuten Capital, the investment arm of Japan’s Rakuten, the UK’s Draper Esprit Plc, backed by Silicon Valley billionaire Tim Draper, Thomvest Ventures, the venture capital firm of Canada’s Peter Thomson, whose family is known for its namesake Thomson Reuters Corp., Emery Capital, Talis Capital and the company’s founder and CEO.
Crypto Experts Reveal Thoughts: How Will Bitcoin Perform After the COVID-19 Crisis Has Passed?
To educate Crypto-enthusiasts and prepare them for upcoming market conditions, a group of well-respected crypto experts brought together by Investoo Group has expressed their thoughts on the recent COVID-19 crisis, and its effect on the global crypto markets. The COVID-19 pandemic has had an unprecedented impact on our daily lives, our ability to interact and our financial structures and security. Blockchain technology has been around for over a decade, and there are now thousands of projects that seek to utilize its limitless potential to solve some of the world’s most pressing issues.
Coin Journal has assembled a veteran team of experts in the field of cryptocurrency and financial technology, to gain some valuable insights into what the world may look like after the COVID-19 pandemic has passed. Globally, we can only hope that containment of this danger is now within our grasp, but we can only speculate to the long-term impact that it will leave in its wake.
The panel is headed by Yoni Assia, the CEO of the world’s largest social investment network, eToro. Yoni also brought his market analyst and renowned crypto expert, Simon Peters to the table. The next to join the team, Ciara Sun, is currently employed as the Head of Global Markets at Huobi Group, a global blockchain financial asset service provider. The panel also has the founder of virtual currency platform, Coincurve, and CEO of Interlapse, Wayne Chen. Finally, the panel would not be complete without the 15-year veteran of Wall Street technology and CEO of BSV blockchain service provider, TAAL; Mr. Jerry Chan.
They discuss the potential effects of unlimited quantitative easing, the need for a Universal Basic Income (UBI), and how blockchain technology can be a tool for research teams to interact with transparency on a global scale. The team reveals evidence that shows how cryptocurrency stands resilient against the economic downturn caused by social distancing measures and the closure of businesses that have succumbed to the strain.
Swapzone Add Bitcoin SV (BSV) Capacity
Almost every week more and more exchanges, aggregators and projects are using BSV. Swapzone is an exchange aggregator working with non-custodial instant cryptocurrency swap services. They now also list BSV, one of the best performing assets of any kind over the last year.
Inevitably, as a result, demand for BSV has increased. The reason for BSV‘s popularity among business users is simply that it has been designed to scale and can process thousands of transactions a second and also store huge amounts of data on its immutable blockchain with very low fees.
Currently, Swapzone’s service supports over 300 assets for swaps at best rates and operates through 10+ partnering platforms like Changelly, SimpleSwap, Godex and ChangeNOW.
Swapzone’s aim is to provide as much information on cryptocurrency swap rates and services as possible, all in one convenient interface.
- No registration or account creation needed
- Wide range of coins and tokens to choose from (includes Stablecoins)
- Multiple exchange partners with the possibility to choose among services
- Exchange offers sorted by the best rate
Jimmy Nguyen, Founding President of the Bitcoin Association, commented: “Its always great to see businesses identifying the value in listing and using BSV. I’ve long admired Swapzone’s model and think that BSV will be a popular commodity for both them and their customers.”
Maria Carola, Marketing Advisory, Swapzone added: “We strive to have the most comprehensive offering in the market and never sit still as we lookout for what our customers need and want so adding BSV was a natural progression for the business.”
Bitcoin Association Opens Registration for Third BSV Hackathon
Bitcoin Association officially announces and opens registration for its third BSV Hackathon competition for developers, with $100,000 in cash prizes (payable in Bitcoin SV) staked for the winners. Following two successful Hackathons in 2019, Bitcoin Association is once again delighted to partner with leading enterprise blockchain development firm nChain, as well as digital currency conglomerate CoinGeek to organize this third competition.
BSV Hackathons are global coding competitions for developers. Within a set frame, entrants (which can be individuals or teams) are tasked with developing an application on the Bitcoin SV blockchain within the parameters of an overarching theme announced at the commencement of the competition.
Registration is free and open now. This 3rd iteration of the BSV Hackathon will look a little different from past editions. As with prior competitions, there will be a virtual competition period, but it will last almost two months rather than just over one weekend. The virtual competition commences on June 23 and ends August 18. This longer competition period allows entrants to take advantage of their extended time at home during current COVID-19 self-isolation periods, and conceptualize, design and build a more complete project.
Entrants will be provided with access to a digital platform designed to facilitate collaboration between team members, as well as experts from nChain and even fellow competitors who will be available to provide advice throughout the competition period.
Following the virtual competition period, three finalists will be selected by a panel of expert judges. The finalists will present their submission at the CoinGeek New York conference (anticipated to be in New York in October 2020) for final judging. Normally, a representative from each finalist entry is flown to the CoinGeek conference city to make their presentation in front of the live conference audience. Given event and travel conditions due to the COVID-19 pandemic, Bitcoin Association will evaluate later whether finalist presentations will happen live or through online video.
The winner will walk away with a $50,000 prize, with $30,000 for second place and $20,000 for third, all paid in Bitcoin SV.
Jimmy Nguyen, Founding President of Bitcoin Association, commented on the announcement, saying:
“It’s extremely exciting for Bitcoin Association to kick off our third BSV Hackathon, following months of work from our team planning for the competition. Developer training is a core element of Bitcoin Association’s work and the BSV Hackathons provide a fun opportunity for developers to test themselves and learn more about building applications on the Bitcoin SV blockchain, all the while competing for some serious BSV prizes. We encourage all developers – whether you have worked on other blockchain platforms or have no blockchain experience at all – to compete in this Hackathon and build with us on BSV.
Past entrants have used the BSV Hackathon as a platform from which to build and develop not only innovative solutions, but real businesses – as finalists have the opportunity to be considered for investment if their projects can sustain a business venture. Now that Bitcoin SV’s Genesis upgrade has restored the original Bitcoin protocol and massive scaling continues on BSV, I’m looking forward to seeing what creative developers can build using the technical power inherent in the original Bitcoin and the massive scaling capabilities of BSV.”
Steve Shadders, CTO at nChain, also spoke, saying:
“The BSV Hackathons are a great point of entry for developers interested in developing blockchain applications. They’re an exciting time for us here at nChain too – we’ll once again be responsible for the technical elements of the competition, with our team providing support and development assistance throughout the competition. We’ve seen some excellent ideas come to fruition as a result of the first two BSV Hackathons and I’m sure that with the longer time frame for this third competition, we can expect many more to emerge this time around.”
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