Bitcoin Cash Vietnam-Based Fiat-to-Crypto Trading Support Added to Bvnex Exchange

This week the trading platform Bvnex Exchange announced the support of bitcoin cash on the Vietnam-based fiat-crypto trading platform. The support gives the Vietnamese market and other regions in Asia, the ability to trade bitcoin cash for VNDT- Vietnam dong. On June 2, 2020, the crypto exchange Bvnex listed bitcoin cash on the cryptocurrency trading platform with the VNDT- Vietnam dong. The move brings the peer-to-peer cryptocurrency BCH to the Vietnamese market and surrounding areas in Asia. The official launch of VNDT with a myriad of other digital assets hosted…

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Travala Sees 205% Jump in Booking Revenue as Travel Demand Returns — 60% Paid With Cryptocurrencies

Crypto-friendly travel booking platform Travala has reported booking growth as demand for travel returns despite continued coronavirus crisis and extended lockdowns in many places. Its booking revenue in May soared 205% and 60% of all bookings were paid with cryptocurrencies. Travel Demand Returning Despite Covid-19 Travala.com, a website where travelers can book flights from over 600 airlines and over 2 million hotels and accommodations worldwide, published on Monday its monthly performance report for May. The global travel industry has been severely hit by the coronavirus pandemic, economic crisis, and extended…

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US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies

U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most Wanted List, as he is accused of transgressing against U.S. sanctions and working with drug cartels. Reportedly, the Venezuelan Petro crypto asset is all part of Nicolas Maduro’s and Camacho’s scheme to avoid economic sanctions imposed by the American government. ICE and Homeland Security Put Up a Bounty for…

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Hackers Move Another $800K in BTC Stolen From the 2016 Bitfinex Breach

Another $800,000 worth of bitcoin from the Bitfinex hack of four years ago has been moved to an unknown wallet. Whale Alert reports that hackers transferred 77.64 bitcoin (BTC) on Tuesday, which amounts to $797,000 at the time the alert was issued. The thieves last moved about $255,000 or 28.4 BTC on May 22, in deals that appear timed to coincide with every spike in the price of bitcoin. BTC scaled past $10,000 on Tuesday, rising above the psychological point for the first time since the scheduled supply cut on…

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2 Swiss Banks Launch Cryptocurrency Trading and Custody After Gaining Regulatory Approval

Switzerland’s financial regulator, FINMA, has approved two Zurich-based banks to offer a range of cryptocurrency services, including trading and custody. Maerki Baumann Bank subsequently announced the launch of its trading platform for major cryptocurrencies while Incore Bank is offering a range of crypto services. Maerki Baumann Launches Cryptocurrency Trading Desk and Custody Service The Swiss Financial Market Supervisory Authority (FINMA) recently approved two banks — Maerki Baumann and Incore Bank — to offer a number of cryptocurrency services, the two financial institutions independently announced Friday. Maerki Baumann, a Zurich-based private…

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Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share

Bitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost market share. The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash per second (TH/s) and power efficiency of 37.5 joules per terahash (J/TH). The latest hardware is modeled after Bitmain’s more efficient BTC miner, Antminer S19, only cheaper. With hashrate of 95 TH/s, the S19 model costs $1,785, some 2% higher compared to the T19 series, which is selling at $1,750. “The Antminer T19 is housed…

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US Turmoil and Negative Interest Rates – Billionaire Michael Novogratz Says ‘Watch Gold and Bitcoin’

For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest rates in the near future, according to a number of economists and analysts. The economic turmoil in the U.S., and abroad is causing a number of well known investors like Michael Novogratz to focus on bitcoin and gold. Fed is ‘Comfortable’ With Regularly Invoking QE…

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Crypto Firm Uquid Launches Marketplace- 30,000 Digital Products, Bitcoin Cash Support

On May 28, 2020, the digital currency and blockchain company Uquid has announced that the Uquid Shop is now live and accepting cryptocurrencies like bitcoin cash for payments. The team at Uquid has dubbed the market the “world’s biggest digital shop for crypto users is ready to launch with 30,000 digital products.” Crypto Firm Launches Uquid Shop: 30,000 Digital Products The company Uquid launched in 2016 is one of the earliest cross-border digital services with a blockchain-friendly payment system. The startup was one of three blockchain-based companies to be selected…

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Market Update: Bullish Bitcoin S2F Chart, 6-Digit Prices, Liquidations Prime Crypto Values

The price of bitcoin and a number of cryptocurrencies have been sliding downward in value during the last 72 hours, after bitcoin touched a high of $9,700 on May 30, 2020. On Monday, June 1, the price is up 0.06% and trading for $9,578 per coin during the morning trading sessions. The market capitalization of the entire cryptocurrency ecosystem is around $270 billion while 24-hour trade volume for all 5,000+ coins is $22 billion. Crypto Value’s Slide After Briefly Touching Heavy Resistance Cryptocurrency prices were rather bullish on Saturday evening…

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India to Significantly Increase Crypto Market Share This Year: Report

India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gain considerable global market share starting this year, according to a report published last week by Coinpaprika and Okex. The former is a cryptocurrency research platform while the latter a global crypto exchange. They analyzed the Indian crypto sector, major players,…

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