Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch stablecoins backed by bulk commodities like gold, rubber, and crude oil. Also read: ERC20 Tether Transactions Flip Their Omni Equivalent Tether Dominance in the East and Plans for a Digital Yuan Called CNHT Bitfinex shareholder…

Read More

Contradicting Reports Emphasize The Rise And Fall Cryptojacking

Following reports that the alleged Capital One hacker was using servers to mine crypto, cryptojacking is on the tip of the space’s tongue. Unfortunately, there seems to be a bit of confusion as to how prevalent cryptojacking is, with a recently released study from McAfee Labs and information from the cybersecurity firm Bad Packets suggesting malicious miners are both on the rise and experiencing a downward trend.

Read More

Will Binance’s Accelerator Program Help Bitcoin?

Leading cryptocurrency exchange Binance has formally introduced its accelerator program for blockchain and cryptocurrency development. The exchange announced the launch of Binance X, a project that is designed to provide blockchain developers with some of the resources needed to power their work. The program includes educational direction as well as tools and channels for online collaboration. It also includes a fellowship program. “One of the programs we started at Binance X was the Binance X Fellowship Program,” according to a blog post on the initiative published on August 29, 2019.…

Read More

Bitcoin Facts: Altcoins, Opinions and the Way Towards Progress

Over 10 years has passed since Bitcoin was founded by Satoshi Nakamoto. Cryptocurrencies slowly began to change the economic landscape of the world and showed the people that there is something other than the rigged debt-fueled economy which drags the world down. The crypto market has definitely had its ups and downs but has flourished in the past few years. Incredible heights and lows were reached back in 2018 and many new cryptocurrencies were introduced by startups, organizations and even banks. Worldwide, blockchain technology is having a field day with…

Read More

Bitwala Launches Mobile App for Bitcoin Banking

Bitwala, a blockchain banking service based in Germany, has launched a mobile application that lets users open a German bank account with an integrated bitcoin wallet on their smartphones. “Berlin-based Bitwala enables customers in more than 30 European countries to buy, sell, and store bitcoin,” according to a press release shared with Bitcoin Magazine. “The current accounts are hosted by solarisBank, a Berlin-based tech platform with a German banking license, and are supervised by the Federal Financial Supervisory Authority (BaFin).” The app is available on both Android and iOS platforms. …

Read More

Nevada: Bitcoin ATMs, Other Services Should “Request Licensure Determination”

Nevada is bringing bitcoin ATMs more directly into the scope of its money transmitting regulations. The Nevada Financial Institutions Division (NFID) released a memo clarifying how bitcoin businesses, specifically those that facilitate exchange, may be regulated under existing state laws. “Over time, the NFID has monitored the growth and expansion of the blockchain, bitcoin, and virtual currency industries,” the memo reads. “Recently, several businesses and interested persons contacted the NFID to determine if a license was required to operate within the State of Nevada. Based upon the business model presented,…

Read More

Bitcoin Price Analysis: Macro Support Gives Way Under Anemic Demand

Summary: A strong round of selling has the bitcoin market testing daily, weekly and monthly support for the fourth time in over two months. Currently the support in the $9,400s is holding, but should it give way, we can expect to see a test of $8,700 to $8,200 range. This zone represents an untested weekly zone of support. If the market manages to rally, there is a strong level of resistance at $10,000. Although the market is looking anemic currently, should the demand surface that pushes us through $10,000 a major…

Read More