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The BCA Organization Will Donate $1K per Month in BCH

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The Bitcoin Cash Association (BCA) has announced the organization will begin funding the Eatbch charities every month. There are two Eatbch-associated groups helping the citizens of Venezuela and South Sudan acquire food by using the proceeds from bitcoin cash donations.

Since the project’s inception, the effort has grown from one country to two. Multiple times a week, men, women and children are given nourishment from the Eatbch team. BCA says they are in “close contact” with the Eatbch project and the organization says they are aware of the financial hardships the organizers face.

“Starting now the BCA will support the EatBCH initiative with $1,000 per month in funding to go towards helping feed people that are most in need — The $1,000 will be split evenly between the Venezuelan and South Sudanese parts of the project”.

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Business

Attorney General James Announces Court Order Against “Crypto” Currency Company Under Investigation For Fraud

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Trade

Attorney General Letitia James today announced that her office obtained a court order enjoining iFinex Inc., operator of the Bitfinex virtual asset trading platform, and Tether Limited, issuer of the “tether” virtual currency, and their related entities, from further violations of New York law in connection with an ongoing activities that may have defrauded New York investors that trade in virtual or “crypto” currency.

“Our investigation has determined that the operators of the ‘Bitfinex’ trading platform, who also control the ‘tether’ virtual currency, have engaged in a cover-up to hide the apparent loss of $850 million dollars of co-mingled client and corporate funds,” said Attorney General James. “New York state has led the way in requiring virtual currency businesses to operate according to the law. And we will continue to stand-up for investors and seek justice on their behalf when misled or cheated by any of these companies.”

In papers filed with the Manhattan Supreme Court, the Office set forth certain findings of its ongoing investigation into Bitfinex and Tether. Today’s court order requires that the operators of the companies immediately cease further dissipation of the U.S. dollar assets which back “tether” tokens while the Office’s investigation continues, and produce documents and information, including material called for by the Office’s previously-issued investigative subpoenas. The companies are also barred from destroying, deleting, or permitting others to delete, potentially relevant documents and communications, including documents and communications stored on any self-deleting or “ephemeral” computer applications.

In September 2018, the Office of the Attorney General issued its Virtual Markets Integrity Initiative Report, which set forth the findings by the office about the practices of “virtual asset trading platforms” that operate, or were believed to operate, in New York. Among the findings set forth in that Report, the Office highlighted the “substantial potential for conflicts between the interests of the platform, platform insiders, and platform customers.”

In November 2018, the Attorney General issued subpoenas to Bitfinex and Tether, which are owned and operated by the same small group of individuals, and claim not to do business in New York. As alleged in court papers filed by the Attorney General’s office, the Bitfinex trading platform allows New Yorkers to purchase and trade virtual currencies, including the so-called “tether” stablecoin, a virtual currency the companies long claimed was “backed 1-to-1” by U.S. dollars held in cash reserve.

The filings explain how Bitfinex no longer has access to over $850 million dollars of co-mingled client and corporate funds that it handed over, without any written contract or assurance, to a Panamanian entity called “Crypto Capital Corp.,” a loss Bitfinex never disclosed to investors. In order to fill the gap, executives of Bitfinex and Tether engaged in a series of conflicted corporate transactions whereby Bitfinex gave itself access to up to $900 million of Tether’s cash reserves, which Tether for years repeatedly told investors fully backed the tether virtual currency “1-to-1.”

According to the filings, Bitfinex has already taken at least $700 million from Tether’s reserves. Those transactions – which also have not been disclosed to investors – treat Tether’s cash reserves as Bitfinex’s corporate slush fund, and are being used to hide Bitfinex’s massive, undisclosed losses and inability to handle customer withdrawals. The Office’s filings further detail how the companies obfuscated the extent and timing of these corporate transactions during the Office’s investigation.

Issued pursuant to General Business Law section 354, a provision of New York’s Martin Act that confers broad powers on the Attorney General to investigate and halt fraud in connection with securities or commodities, the court order bars the operators of Bitfinex from further draining the cash reserves of Tether, or taking personal distributions or dividends from the reserves. The order also compels the companies to produce relevant documents and information which, to date, they have failed to produce to the Office of the Attorney General. A copy of the court order can be viewed here.

The Attorney General’s Virtual Markets Integrity Initiative Report provides information about virtual asset trading platforms, and the risks to retail investors in these products.

This investigation is being handled by Senior Enforcement Counsel John D. Castiglione and Assistant Attorney General Brian M. Whitehurst of the Investor Protection Bureau, and Assistant Attorney General Johanna Skrzypczyk of the Bureau of Internet and Technology, supervised by Chief Deputy Attorney General for Economic Justice Christopher D’Angelo, Investor Protection Bureau Chief Kevin Wallace, and Bureau of Internet and Technology Chief Kim Berger. Legal Assistant Charmaine Blake is assisting in the investigation.

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Samsung Launches Nexledger Universal, the Next Version of Enterprise Blockchain Platform

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Samsung

Samsung SDS (President & CEO Dr. WP Hong) announced the launch of ‘Nexledger Universal’, the next version of its enterprise blockchain platform. Nexledger Universal provides standard application programming interface (API) that is commonly applicable to Samsung SDS NCA (Nexledger Consensus Algorithm) and general blockchain such as Hyperledger Fabric and Ethereum.

Through this, customers can develop application services such as user authentication, payment settlement, and proof of originality using only one of three technologies and can easily apply to other technologies.

Moreover, Nexledger Universal provides faster performance compared to the previous version and has improved security functions by applying white box cryptography technology.

In particular, Nexledger Universal is available as platform as a service (PaaS) in the Microsoft’s Azure marketplace, allowing customers to experience it in cloud environment without the need for separate server and application installation.

With Nexledger Universal, customers can reduce the time and resources required for securing blockchain developers and verifying the technology, therefore, business innovation through blockchain technology can be achieved conveniently.

“We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces,” said Jeanie Hong, senior vice president, leader of Blockchain Center of Samsung SDS.

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Blockchain

Innovative Cryptocurrency Mixing Technology Offers Total Anonymity

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As the global take-up of cryptocurrencies increases, so does the regulatory and public scrutiny of digital transactions. The blockchain has long provided pseudo-anonymity for users from across the wide spectrum of industry sectors, but with that has come the growing demand for advanced security and identity protection.  

That is until now.

Introducing BitMix.Biz – the Secure Bitcoin Mixer

With growing numbers of global cryptocurrency holders expecting enhanced transaction security as standard; the need for a service that provides user anonymity has never been greater.

The mission of our service is to deliver unrivaled privacy to our growing number of users.

The way in which Bitcoin (BTC) or any other cryptocurrency transactions function is that public but entirely secure, but the non-anonymous log is created and chained together in a blockchain registry.

However, whilst these traceable records provide a trail from one chain to the next – by temporarily blending your inter-wallet funds with those of others the trail is disrupted.

It is a simple but highly effective way to deliver complete blockchain anonymity.  

The Secure Alternative to Crypto Transactions

By creating an order, the platform mixes a received amount of coins to disrupt the record back to the source. Whatever the source of funds, our digital solution provides the isolation need to ensure the user’s transactional security.

Completely anonymous service requests only the minimum of information to get set up and as an additional measure, all transaction logs, as well as any personal information, is deleted in less than 72 hours.

The Simple & Verifiable Coin Mixing Platform

To get setup is simple – all you need do is complete a short form and the account is created.

BitMix accepts BTC, Litecoin and will shortly be adding ETH to the currencies available. Once you have registered, select and send the amount that you wish to blend to the BitMix address and the coins will then be sent directly back as cleared coins after mixing, It’s a simple, fast and secure process!

In the interests of transparency, a fully verifiable Letter of Guarantee is also provided.

Lowest Commissions with Complete Privacy

With some of the lowest commissions in the industry, coupled with cutting edge technology means that no-one can access the user’s transaction history, the process could not be simpler.

In most cases (may take up to 24 hours) the transaction is instant and works like any other cryptocurrency service – BitMix just provide that additional level of privacy!

Leading Technology – The Future of Bitcoin Mixers

The system allows you to instantly clear your funds and provides unparalleled discretion. The technology is brand new but tested, proven and with thousands of happy users the Mix technology is continuing to prove a hit with the customers.

As an additional level of security, the system has a built in a feature that offers complete transaction randomization – simply select ‘auto-randomization’ to disrupt chain-analysis attacks by selecting two or more output blockchain addresses to deliver funds.

As the platform continues to grow so does our network, with attractive commissions you can also become part of the BitMix partnership network.

Join the thousands of users blending their coins today!

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Altcoins

Play CryptoSlots’ New Game for Cash Prizes of up to $1,250

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CryptoSlots

Another game, another cryptocurrency, crypto casino CryptoSlots bring players even more ways to win.  Open Season is their newest release. It boasts bright hunting graphics and bonus extras that pack a punch for online slot hunters. Players trigger big wins by shooting down Free Spins and scoring Mystery Cash Bonuses of up to $1,250.

CryptoSlots is perfect for online players who want to make their gaming easier with cryptocurrencies. Signing up takes seconds – a nice change from the lengthy details required by many casinos online.

Use bonus code MATCH133CTRAFFIC now to match your 1st deposit by 133%! *

This new game coincides with the addition of Monero as an accepted cryptocurrency. Monero is a gift to players who value the highest level of privacy when using crypto online. Transactions are untraceable, and players enjoy fast deposits & withdrawals. CryptoSlots promises all players security and anonymity whenever they play, however much they win.

This online casino launched in summer 2018, by Slotland Entertainment, and gives players a fully Provably Fair casino. This means that any game result on any game can be externally verified as fair. CryptoSlots wants players to have a secure and sure way to win.

Monero joins Bitcoin, Bitcoin Cash, and Litecoin as a deposit and withdrawal option. Deposits are instant, withdrawals are processed the very next working day. At CryptoSlots transaction fees are minimal so your wins are yours.

There are now 37 unique Provably Fair games – slots, high limit slots, video poker, and the million-dollar winning Jackpot Trigger. These games can be played at no other crypto casino online. Players also collect tickets as they play for the Crypto Lotto, which prizes players with thousands per month.

*Bonus valid for deposits up to $500 and must be wagered 30x. General terms & conditions apply.

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Why Merging Cryptocurrency With Today’s Payment Platforms Should Generate Rising Revenue Streams

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Bitcoin Severely

A report by McKinsey & Company on global banking, projected that global payment market revenues are poised to approach $3 Trillion by 2023. As cryptocurrency payment platforms become more common… that number should rise… but the purveyors of traditional payment methods may have to get over their initial reluctance to this new disruptive technology… or they could miss the boat! A recent article in the Bitcoin Exchange Guide addressed this subject:

“One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market… However, as the technology behind cryptocurrency and blockchain finds more use cases, the disruption of the current payment system may not be far behind. Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Xunlei Limited (NASDAQ: XNET), PayPal Holdings, Inc. (NASDAQ: PYPL), Pareteum Corporation (NASDAQ: TEUM), Riot Blockchain, Inc. (NASDAQ: RIOT).

The report continued: “Lisa Ellis is an analyst with MoffettNathanson… (recently) stated that she believes that cryptocurrency’s global acceptance could change payment systems. To be clear, she does not believe that the big names like Visa, Mastercard and PayPal will be pushed aside anytime soon, but the… idea of crypto replacing (the traditional standards) is worth exploring. Cryptocurrency has this unique quality of remaining independent of any specific country, and the way that it has jumped in as a saving grace to many countries suffering from hyperinflation is a reprieve.

NetCents Technology Inc. (CSE:NC) (OTCPK:NTTCF) (Frankfurt:26N) BREAKING NEWS: NetCents Technology is pleased to announce that it has begun processing cryptocurrency transactions for its first charity partner, HS Aware.

NetCents is a strong believer about being able to invoke change. Change not only on its business side but more importantly throughout our communities with initiatives that positively impact people’s lives. On March 7th, the Company launched its Charity Impact Initiative and we are proud to announce our first charity partnership with HS Aware.

NetCents is providing all registered charities and non-profits free cryptocurrency processing. Any charity that signs up through this initiative is able to accept donations and sell their merchandise and tickets with zero processing fees. Interested charities can visit https://net-cents.com/partners#partners-form to learn more and sign up.

“HS Aware is excited to remain an innovator in the non-profit space by now accepting cryptocurrency donations to fund our future initiatives and events,” stated Maria Goguen, President of HS Aware. “We’ve had a lot of interest to begin accepting donations in crypto to further support the HS community and now through this partnership, we are able to. We are thankful for any and all support members of the community want to give.”

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Crypto.com Lists BAT, Powering Brave Browser’s 6m Active Users

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Bitcoin Core

Crypto.com, the pioneering payments and cryptocurrency platform, announced today it has listed the Basic Attention Token (BAT) to the Crypto.com app, joining bitcoin (BTC), ether (ETH), Litecoin (LTC), Binance Coin (BNB), XRP, Enjin Coin (ENJ), and its own MCO and CRO tokens.

The Basic Attention Token (BAT) aims to improve the efficiency of digital advertising. BAT is a utility token that can be exchanged between publishers, advertisers, and users on the Brave platform, which leverages blockchain to provide digital advertising and services. The token also powers the Brave web browser, a free and open-source web browser developed by Brave Software Inc. Built by a team of privacy-focused, performance-oriented pioneers of the web, Brave has over 5.5 million monthly active users and features over 28,000 Verified Publishers. Users can choose to replace ads with Brave’s ad network, and receive BAT from advertisers from viewing their ads.

On Crypto.com’s Wallet & Card App, customers may securely buy, sell, and send BAT, as well as other cryptocurrencies with no fees and no markups, as Crypto.com’s proprietary Vortex Trading Engine is able to offer the true cost and best execution prices possible. At the same time, BAT holders may enjoy the option to spend their digital assets in the real world at over 40m merchants through the MCO Visa Card.

Kris Marszalek, Co-Founder and CEO of Crypto.com said: “Crypto.com shares the same goal as the Brave team – to eliminate the middleman with the power of blockchain. We are keen to support their goals in the advertising sector, and by bringing onboard BAT users we are yet another step closer to accelerating the world’s transition to cryptocurrency.”

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Business

LedgerX looks to Join Bitcoin Futures Party as it Makes a Big Push Towards Retail

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Hyperledger

In an interview with The Block, LedgerX co-founder Juthica Chou said the firm, which is better known for supporting the trading of options tied to bitcoin, submitted a request for a designated contract market license from regulators, which would allow it to offer the new bitcoin futures product. The announcement comes after a slew of other trading firms have announced similar products, such as Bakkt, ErisX, Seed CX, and CoinFLEX.

In the trading of physically-delivered futures, customers are paid out in bitcoin at the expiration of a contract, whereas cash settled futures pay out in USD. CME Group offers a cash-settled product. In November, LedgerX filed for the necessary license to offer the product to retail clients and it is currently speaking to regulators.

The new futures product is part of a broader retail push for the firm via a new platform, dubbed Omni. The new platform will support trading of futures, swaps, and options for retail users. In recent months, LedgerX has shifted its strategy away from large investors and bulge bracket banks.

“I think at this current time we don’t see the demand growing among really large institutions and banks. We are still a $85 billion market cap for bitcoin — really just the size of a large stock,” Chou said. “Right now we see the opportunity towards the other end of the spectrum.”

The firm counts over 200 institutions as clients for its physically-delivered swaps product. As for the future product it plans to support, Chou said the firm has an advantage over its rivals inasmuch as its been trading similar products longer than anyone else.

“We’ve been doing LedgerX since 2014 … tons of people have announced plans to do this but ultimately we are the only ones that have done it,” she said.

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New French Law Allowing Life Insurers to Offer Investments in Cryptocurrencies

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France

In France a law was recently passed known as the Pacte law (Plan d’action pour la croissance et la transformation des entreprises, Action plan for the growth and transformation of enterprises). It will allow life insurance providers to invest in crypto-currencies and tokens without any limitation on the amount that can be allocated.

Les Echos report that a dual provision of the announced act will allow insurers to invest, this will be done through specialized professional funds, in crypto-assets. FPCIs (Fonds Professionnel de Capital Investissement, Professional Capital Investment Funds) which will also be impacted by the measure.

The Pacte law was passed by the French government this week in the National Assembly allowing the insurers to offer life insurance policies exposed to crypto-monies. They note this is the first type of such a product and will be popular in the country.

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Bitcoin

Huobi DM To Launch Bitcoin Cash Contracts

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Huobi Group

Users will soon have even more flexibility and choices on Huobi Derivative Market (Huobi DM). Bitcoin Cash (BCH) service will go live tomorrow on the crypto asset contract platform and two more coins are scheduled to be launched before the end of May.

Inclusion on Huobi DM means traders will be able to take both long and short positions on BCH, allowing for arbitrage, speculation, and hedging. Since 2017, Bitcoin Cash’s value has fluctuated between $75.08 and $4,355.62.

In addition to BCH, Huobi DM offers weekly, bi-weekly, and quarterly cryptocurrency contracts for Bitcoin (BTC), Ethereum (ETH), EOS (EOS), Litecoin (LTC), and, as of last month, Ripple (XRP). Since its launch in late 2018, Huobi DM has grown rapidly, recently exceeding USD$92 billion in cumulative trading volume.

Features of Huobi DM:

  • Competitive fee structure for BCH: 0.02% to open or close for makers and 0.03% to open or close for takers.
  • Superior risk management: including Price Limit, Order Limit, and Position Limit.
  • Superior risk control: with the sophisticated price limit mechanism, no claw back has occurred since its launch.
  • Real-time risk supervision: Huobi constantly monitor contract prices, index prices, abnormal transactions, and positions.
  • Newly raised open position limits for all crypto contracts to up to twice their previous level and order limits to more than double their previous level.
  • User protections: To cover the societal losses attributed to unfilled liquidated orders/settle incidents in contract trading, Huobi also has a dedicated Risk Management Insurance Fund for each trading pair.
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Blockchain

Flexa Raises $14.1 Million to Catapult Retail Blockchain Adoption

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Cryptocurrency

Flexa, the pioneering payment network uniting retail and blockchain technologies, announces today that it has raised $14.1 million in funding, led by Pantera Capital, 1kx, Nima Capital, Access Ventures, and other strategic partners. The funding announcement precedes the company’s public launch in May 2019.

The Flexa network enables retailers to take control of their own payments by reducing costs, overhead, and fraud through frictionless, instantaneous, and reliable blockchain-based settlement. Flexa’s upcoming mobile app also helps customers make practical use of the cryptocurrencies they already own, unlocking the hundreds of billions of dollars stored in the global crypto ecosystem.

“The anti-fraud and cost benefits of global cryptocurrency payments are enormous, but there are many barriers to mainstream adoption for merchants and consumers alike. Flexa’s going to change that, and very quickly,” said Tyler Spalding, Co-Founder and CEO of Flexa. “With this funding, we’ll continue to develop our network infrastructure to support our retail network and strategic partners.”

“Flexa is one of those extremely rare applications in the cryptocurrency space that actually touches consumers in an impactful way while also solving a major problem of high fees in payments today,” said Joey Krug, Chief Investment Officer at Pantera Capital. “I’m excited to see people actually be able to spend their crypto!”

Flexa will announce a major product rollout in May, at the Consensus conference in New York City.

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