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05.06.2019
18:34 TheNextWeb.comDutch billionaire and Big Brother creator sues Facebook over fraudulent Bitcoin ads

The creator of the Big Brother reality television format is suing Facebook for allowing advertisements to fraudulently feature his name and image, Reuters reports. Dutch billionaire John de Mol, one of the brains behind entertainment studio Endemol, filed his suit against Facebook in an Amsterdam court earlier today. The bogus ads, no longer available, reportedly tried to get Facebook users to buy Bitcoin from a company ‘backed’ by de Mol himself. Lawyers argued ads that contained de Mol’s image inspired consumers to send $1.7 million euros ($1.9 million) to the fraudsters. They also claimed their client’s reputation was damaged as ads were… This story continues at The Next WebOr just read more coverage about: Bitcoin,Facebook

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18:20 CryptoCoinsNews.comUS-China Trade War Will Boost Bitcoin Price to $20,000: Analyst

By CCN: Bitcoin price is unlikely to hit the December 2017 highs unless the U.S.-China trade war escalates to new levels, an analyst has told Kitco News. According to DailyFX’s senior currency strategist Christopher Vecchio, bitcoin has lately been inversely correlated with the Chinese yuan. Being an effective method of moving value around the world, its price appreciated as the yuan weakened: In an environment where the global financial system looks like it is potentially at risk because of the world’s two largest economies going at odds, people may be looking for alternative avenues to find ways to circumvent the
The post US-China Trade War Will Boost Bitcoin Price to $20,000: Analyst appeared first on CCN

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17:43 CryptoCoinsNews.comBitcoin ATM Pioneer Vancouver Could Ban City’s 76 Crypto Vending Machines

By CCN: Despite being the first location in the world to have a Bitcoin ATM, Vancouver’s authorities are turning against the vending machines. According to The Star, Bitcoin ATMs are under mayoral assault after a surge in criminal activities being conducted through the devices. Per the publication, Vancouver’s Mayor Kennedy Stewart suggested during a recent council meeting that banning the Bitcoin machines was an option being considered to contain crypto-related fraud and money laundering. Vancouver’s city hall employees have now been tasked to conduct research on the matter. A report is expected to be submitted in this year’s fourth quarter.
The post Bitcoin ATM Pioneer Vancouver Could Ban City’s 76 Crypto Vending Machines appeared first on CCN

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17:31 Yahoo.com BusinessBitcoin Holds Over $7,800 as US Stock Market Sees Minor Uptrend

Wednesday, June 5 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) holds over the $7,800 mark. Bitcoin is down over 2% on the day, trading at $7,820 at press time, according to CoinMarketCap. CoinMarketCap data shows that ETH has also seen its value decrease by about 1.8% over the last 24 hours.

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17:19 Yahoo.com BusinessSEC Suggests Ethereum is Usable Currency in Dramatic Kik Lawsuit

By CCN: Ethereum’s status as a legitimate transactional currency was confirmed once again this week – by none other than the Securities and Exchange Commission. The SEC’s recent lawsuit against Kik (KIN) details the particulars of the KIN token sale – the public phase of which was carried out against ETH, as opposed to the U.S dollar. Throughout the official court document, the SEC appears to accept Ethereum as legitimate legal tender. This adds to similar noises made by the regulatory body in 2018, when SEC officials said Bitcoin and Ethereum were clearly not securities. Ethereum: Definitely Not a Three-Dollar

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17:19 Benzinga.comETH/USD Forging A Recovery Move Right Under Bears' Watch

The struggle at $242 hindered gains during the Asian trading hours today. ETH/USD price is starting to range between the moving average support and resistance. read more

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17:05 CryptoCoinsNews.comSEC Suggests Ethereum is Usable Currency in Dramatic Kik Lawsuit

By CCN: Ethereum’s status as a legitimate transactional currency was confirmed once again this week – by none other than the Securities and Exchange Commission. The SEC’s recent lawsuit against Kik (KIN) details the particulars of the KIN token sale – the public phase of which was carried out against ETH, as opposed to the U.S dollar. Throughout the official court document, the SEC appears to accept Ethereum as legitimate legal tender. This adds to similar noises made by the regulatory body in 2018, when SEC officials said Bitcoin and Ethereum were clearly not securities. Ethereum: Definitely Not a Three-Dollar
The post SEC Suggests Ethereum is Usable Currency in Dramatic Kik Lawsuit appeared first on CCN

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17:04 Reuters.com TechnologyDutch 'Big Brother' creator sues Facebook over fake Bitcoin ads

Dutch billionaire businessman John de Mol filed a lawsuit against Facebook in an Amsterdam court on Wednesday, saying the social media giant had allowed fake ads on its platform using his name and image to perpetrate Bitcoin-related fraud.

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16:42 TheNextWeb.comBaltimore didn’t pay Bitcoin ransom so hackers leaked sensitive data on Twitter

Officials investigating the Bitcoin-fueled ransomware attack that hit Baltimore City last month believe the hackers have leaked government documents on Twitter. A Twitter account claiming to be owned by the hackers appears to have been used to leak the sensitive documents, The Baltimore Sun reports. The now-suspended account posted a document detailing a woman’s medical history last month, and claimed to have numerous other potentially sensitive documents. According to reports, the account has been taunting the city’s mayor, Bernard C. “Jack” Young. No personal data has been stolen in the attack, according to a spokesperson from the mayor’s office. That… This story continues at The Next WebOr just read more coverage about: Bitcoin,Twitter

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16:29 Yahoo.com BusinessMark Karpeles: Bitcoin Security Tech Needs an Update

The disgraced crypto CEO Mark Karpeles has a new book and a new mission: to secure bitcoin.

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16:05 TheNextWeb.comThis girthy penis is buried deep inside the Ethereum blockchain (NSFW)

The Ethereum blockchain doesn’t just power one of the world’s most popular cryptocurrencies — it now perpetually verifies the existence of a girthy dong. That’s right. Swedish conceptual artists Ida Jonsson and Simon Saarinen say they’ve buried the first ASCII peen inside an Ethereum transaction, reports art and advertising portal It’s Nice That. Permanent Phallus is one of three ASCII artworks embedded in Ethereum. Permanent Meme is a loving homage to the Circle Game, a suitably suggestive companion to the aforementioned raging boner. A third piece, Permanent Tag, is more of an appropriate exercise in personal branding for the artists through graffiti. “Ever since I heard… This story continues at The Next Web

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16:03 CoinDesk.comMark Karpeles: Bitcoin’s Security Needs an Update

The disgraced crypto CEO Mark Karpeles has a new book and a new mission: to secure bitcoin.

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15:39 Yahoo.com BusinessCrypto Exchange OKCoin Expands Trading Services to Europe

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

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15:25 CryptoCoinsNews.comStrict Malaysian Regulator Approves Three Cryptocurrency Exchanges

By CCN: Malaysia’s Securities Commission (SC) has registered three cryptocurrency exchanges allowing them nine months to achieve compliance with regulatory standards. Malaysia has been strict with its regulation of cryptocurrency exchanges previously. These three are the first, and only, registered to operate in Malaysia legally. The three exchanges registered are Luno Malaysia, Sinegy Technologies, and Tokenize Technology. State of Cryptocurrency in Malaysia Malaysia is currently one of the few South East Asian nations not to have a clear and defined stance on digital currency. Nobody is quite sure when a decision will be made, and nobody is sure if crypto
The post Strict Malaysian Regulator Approves Three Cryptocurrency Exchanges appeared first on CCN

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15:03 TheNextWeb.comIt sure looks like Apple is gearing up for more cryptocurrency apps

At this year’s Apple Worldwide Developers Conference (WWDC) the company is set to announce the release of “CryptoKit;” a cryptography-oriented tool kit for Apple developers. While the iPhone-maker avoids mentioning the magical words ‘blockchain’ and ‘cryptocurrency,’ it sure sounds like the new tool might have something to do with it. CryptoKit will be made available in the upcoming iOS13 update,  as spotted by The Block. The dev kit will officially be announced in a WWDC session called “Cryptography and Your Apps” later today. The cryptography tool set will let developers “compute and compare cryptographically secure digests, use public-key cryptography to… This story continues at The Next WebOr just read more coverage about: Apple

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15:02 Yahoo.com BusinessBitcoin Recovers From 2.5-Week Lows But Price Outlook Remains Bearish

Bitcoin’s ongoing corrective bounce could be short-lived, as the charts are signaling a short-term bullish-to-bearish trend change.

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15:02 Yahoo.com BusinessBelarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion

Belarus’ general prosecutor has raised concerns about the role cryptocurrency could be playing in tax evasion, local daily news outlet TUT.by reported on June 4. Speaking as Belarus hosted the International Prosecutors Association’s regional conference, Aleksandr Konyuk said the time had come for all attendants’ authorities to study cryptocurrency use. Belarus had become one of the first countries in the area to create formal legislation around bitcoin (BTC) and other cryptocurrencies, declaring them legal in 2017.

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15:01 CoinDesk.comCrypto Exchange OKCoin Expands Trading Services to Europe

Cryptocurrency exchange OKCoin has launched in the EU, opening up euro pairs to traders for the first time.

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14:58 RT.comAre cryptocurrencies world’s new safe havens amid US-China trade war? Boom Bust has the answer…

The trade war between two economic giants, China and the United States, has benefited the cryptomarket as investors are increasingly seeking shelter for their cash. Read Full Article at RT.com

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14:25 Yahoo.com BusinessOlly & Jordan give insight into the current price movements in Bitcoin

We take a look at the last 24-hour price action of Bitcoin and try to discover if this is just a correction in the market or if we are heading down even lower. With our two in house writers Olly & Jordan, we load up the Bitcoin charts and take a look at what supports Bitcoin has to break and where it’s likely to fall in this correction. The post Olly & Jordan give insight into the current price movements in Bitcoin appeared first on Coin Rivet.

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14:24 CoinDesk.comBitcoin Recovers From 2.5-Week Lows But Price Outlook Remains Bearish

Bitcoin’s ongoing corrective bounce could be short-lived, as the charts are signaling a short-term bullish-to-bearish trend change.

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14:13 Yahoo.com BusinessRipple Promises Higher Degree of Accuracy in XRP Volume and Sales Reporting

Ripple, the company behind settlement-oriented crypto asset XRP, promised a higher degree of accuracy for XRP volumes and sales in a post published on June 3. The firm promises to take steps to address these concerns by collaborating with partners in the space, evaluating its approach to XRP data reporting and “taking a more conservative approach to XRP sales this quarter.” Ripple notes that, as a consequence, XRP’s sales in the second quarter of 2019 will be considerably lower than in the first quarter.

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13:55 TheStar.comVancouver considering a ban on Bitcoin ATMs — which police say are ‘ideal’ for money laundering

VANCOUVER—Police have called Bitcoin ATMs “an ideal money-laundering vehicle,” and Vancouver’s mayor has even suggested a ban, but experts and businesses say federal regulation is what’s really needed to rein in a currently unregulated sector.
Unlike other money-service businesses such as automatic teller machines (ATMs) and payday loan companies like Money Mart, cryptocurrency ATMs are not covered by federal anti-money-laundering regulations.
“Vancouver definitely has connections to, unfortunately, digital currencies being used for nefarious purposes,” said Christine Duhaime, a Vancouver lawyer who advises companies on how to avert financial crime and money laundering.
“But on the other side, it also (includes) legitimate businesses where they’re trying to get regulations to operate more legitimately.”
The Vancouver Police Department warned in 2018 and again in February 2019

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13:25 Yahoo.com BusinessBitcoin Useful as Investor ‘Tip-Off,’ Says Gold Bug Who Predicted 90% Price Crash

Bitcoin (BTC) could inform investors worried about the United States-China trade war, an executive from financial planning and wealth advisory firm Bleakley Advisory Group told CNBC in an interview on June 4. On the back of stock market weakness over fears the trade war could escalate and the dollar weaken, Bleakley’s chief investment officer, Peter Boockvar, drew attention to bitcoin’s recent behavior and highlighted gold as a potential alternative. A well-known gold bug, Boockvar nonetheless said he did not advise buying bitcoin itself, but that it was a useful measure of market sentiment.

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12:49 TheNextWeb.comVancouver mayor suggests Bitcoin ATM ban to stop money laundering

Vancouver has cryptocurrency growing pains. The city’s police labeled Bitcoin ATMs an “ideal money laundering vehicle,” and its mayor has even suggested a complete ban. Experts and local businesses have instead called for federal money services regulations to be changed to include Bitcoin ATMs, reports The Star. Vancouver’s city council already moved to regulate usage and operation of cryptocurrency ATMs with a bylaw in January. This enforces operators to hold business licenses, verify identities, and even warn users away from common types of fraud. Despite these efforts, police reiterated warnings that local fraudsters have been using cryptocurrency and cryptocurrency ATMs… This story continues at The Next WebOr just read more coverage about: Bitcoin

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12:48 Yahoo.com BusinessRussian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

Grocery chain Dixy has partnered with a blockchain startup to greatly reduce the time it takes to pay suppliers

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12:48 InvestorPlace.comCryptocurrency Is Interesting But It Won’t Move Facebook Stock

InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Facebook's cryptocurrency efforts will be fun to watch but are unlikely to move the valuation of FB stock all that much.
The post Cryptocurrency Is Interesting But It Won’t Move Facebook Stock appeared first on InvestorPlace.
More From InvestorPlace 4 Top American Penny Pot Stocks (Buy Before June 21) 7 Stocks to Sell Impacted by the Mexican Tariffs 6 Big Dividend Stocks to Buy as Yields Plunge The 10 Biggest Announcements From Apple WWDC 2019

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12:22 CoinDesk.comRussian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

Grocery chain Dixy has partnered with a blockchain startup to greatly reduce the time it takes to pay suppliers

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11:58 Yahoo.com BusinessBitcoin Price Plunges 18% and Traders Anticipate Crushing Drop to $6,400

By CCN: In the past 12 hours, the bitcoin price dropped $7,432 on regulated crypto exchanges such as Bitstamp, recording a 19 percent drop in a span of nine days. At its yearly peak recorded on May 29, the bitcoin price surged to as high as $9,096, nearly achieving a 140 percent year-to-date gain against the U.S. dollar. Following the steep fall in the bitcoin price, several traders foresee the dominant crypto asset continuing its pullback in the near-term while remaining generally optimistic about the macro landscape of the crypto market. Is a bigger bitcoin pullback likely? DonAlt, a technical

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11:45 Yahoo.com BusinessLightning Network Pioneer Releases New Code for Bitcoin Scaling Concept

Co-author of the lightning network white paper Tadge Dryja has released new code for a proposed scaling solution he's been working on for a year.

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11:32 CryptoCoinsNews.comBitcoin Price Plunges 18% and Traders Anticipate Crushing Drop to $6,400

By CCN: In the past 12 hours, the bitcoin price dropped $7,432 on regulated crypto exchanges such as Bitstamp, recording a 19 percent drop in a span of nine days. At its yearly peak recorded on May 29, the bitcoin price surged to as high as $9,096, nearly achieving a 140 percent year-to-date gain against the U.S. dollar. Following the steep fall in the bitcoin price, several traders foresee the dominant crypto asset continuing its pullback in the near-term while remaining generally optimistic about the macro landscape of the crypto market. Is a bigger bitcoin pullback likely? DonAlt, a technical
The post Bitcoin Price Plunges 18% and Traders Anticipate Crushing Drop to $6,400 appeared first on CCN

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11:19 CoinDesk.comLightning Network Pioneer Releases New Code for Bitcoin Scaling Concept

Co-author of the lightning network white paper Tadge Dryja has released new code for a proposed scaling solution he's been working on for a year.

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10:30 CryptoCoinsNews.comBitcoin Will be Much More Expensive in India Under Modi’s Government

By CCN: The re-election of Narendra Modi as India’s prime minister is going to make bitcoin trading come with a premium in the country. It is partially due to a full-fledged trading market that went underground abruptly owing to a blanket ban announced by the Reserve Bank of India (RBI). Panicked traders shuffled to a few known cryptocurrency exchanges such as ZebPay and UnoCoin to either withdraw or sell their bitcoins. Many of them to this date trade cryptocurrencies away from the watchful eye of law and lawmakers — and they believe a potential crypto ban at the behest of
The post Bitcoin Will be Much More Expensive in India Under Modi’s Government appeared first on CCN

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09:16 Zdnet.comThe SEC is suing Kik over its $100m Kin token ICO

Kik's CEO said he will be challenging the claims and had been expecting SEC action for 'quite some time'.

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08:42 Yahoo.com BusinessA look at Bitcoin’s timelocks

One of Bitcoin’s most valuable features is timelocks. The feature, which existed since the first release of Bitcoin, enables users to create transactions that are invalid (unspendable) until a certain time has passed.The post A look at Bitcoin's timelocks appeared first on The Block.

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07:55 Yahoo.com BusinessThe SEC Case Against Kik’s ICO Appears Strong, Experts Say

The SEC seems to have a strong case on the facts in its complaint against Kik and its 2017 token sale, according to legal experts.

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07:07 CoinDesk.comThe SEC Case Against Kik’s ICO Appears Strong, Experts Say

The SEC seems to have a strong case on the facts in its complaint against Kik and its 2017 token sale, according to legal experts.

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06:32 Yahoo ScienceSEC Sues Kik Over $100 Million ICO, Sees Kin as a Security

After losing money for years on its sole product, an online-messaging application, Kik raised more than $55 million from U.S. investors by selling a digital token called Kin without the proper disclosures, the SEC said in a Tuesday court filing. “Companies do not face a binary choice between innovation and compliance with the federal securities laws,” said Steven Peikin, co-head of the SEC’s enforcement division.

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05:08 Yahoo.com BusinessA look at Bitcoin’s timelocks

One of Bitcoin’s most valuable features is timelocks. The feature, which existed since the first release of Bitcoin, enables users to create transactions that are invalid (unspendable) until a certain time has passed.The post A look at Bitcoin's timelocks appeared first on The Block.

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02:21 Yahoo.com BusinessThe 8 Biggest Bombshells From the SEC’s Kik ICO Lawsuit

In a complaint filed Tuesday, the SEC laid out where Kik allegedly ran afoul of U.S. securities law with its $98 million ICO in 2017. It also revealed a lot more.

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01:44 CoinDesk.comThe 8 Biggest Bombshells From the SEC’s Kik ICO Lawsuit

In a complaint filed Tuesday, the SEC laid out where Kik allegedly ran afoul of U.S. securities law with its $98 million ICO in 2017. It also revealed a lot more.

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01:33 Yahoo.com BusinessMalaysian Securities Regulator Registers Three Cryptocurrency Exchanges

The Securities Commission Malaysia (SC) has registered cryptocurrency exchanges Luno Malaysia, Sinegy Technologies and Tokenize Technology, according to a press release on June 4. Crypto exchanges are reportedly required by law to register with the SC, and the recently-approved exchanges will have up to nine months to achieve compliance with the SC’s regulation standards. In a statement shared with Cointelegraph, Luno stated that the aforementioned three exchanges are the only registered digital asset exchanges to operate in Malaysia.

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01:33 CryptoCoinsNews.comLitecoin Hashrate Skyrockets amid Rumors of Next-Gen Miner Availability

By CCN: Litecoin may not be immune to today’s crypto market sell-off, but the No. 5 cryptocurrency has been one of the leaders of 2019. In addition to the crypto market’s expanding value, the hashrate – which is a reflection of computing power dedicated to the network – has also been on the rise. Litecoin’s Hashrate Reaches an All-Time High Once again, Litecoin has been a standout, with its hashrate achieving a new all-time high, according to Litecoin Foundation Director Franklyn Richards in a recent blog post. While other coins are gaining value alongside LTC, only the fifth-biggest cryptocurrency has
The post Litecoin Hashrate Skyrockets amid Rumors of Next-Gen Miner Availability appeared first on CCN

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00:47 Yahoo.com BusinessEthereum’s Vitalik Buterin Slams Bitcoin SV: ‘Obviously a Complete Scam’

By CCN: Ethereum wunderkind Vitalik Buterin maintained his hardline stance on Bitcoin SV in a recent interview, calling Craig Wright’s cryptocurrency a “complete scam.” Speaking with YouTuber Hardcore Crypto, Buterin left little room for interpretation regarding his thoughts on BSV. The Ethereum co-founder also gave his thoughts on decentralized exchanges and the worryingly centralized accumulation of power by Binance. Ethereum Co-Founder: Bitcoin SV is a ‘Complete Scam’ Just in case there was any doubt remaining about Buterin’s thoughts on Bitcoin SV, he told Hardcore Crypto: “Obviously BSV is a complete scam, but the delisting from Binance – that was interesting.

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00:34 CryptoCoinsNews.comEthereum’s Vitalik Buterin Slams Bitcoin SV: ‘Obviously a Complete Scam’

By CCN: Ethereum wunderkind Vitalik Buterin maintained his hardline stance on Bitcoin SV in a recent interview, calling Craig Wright’s cryptocurrency a “complete scam.” Speaking with YouTuber Hardcore Crypto, Buterin left little room for interpretation regarding his thoughts on BSV. The Ethereum co-founder also gave his thoughts on decentralized exchanges and the worryingly centralized accumulation of power by Binance. Ethereum Co-Founder: Bitcoin SV is a ‘Complete Scam’ Just in case there was any doubt remaining about Buterin’s thoughts on Bitcoin SV, he told Hardcore Crypto: “Obviously BSV is a complete scam, but the delisting from Binance – that was interesting.
The post Ethereum’s Vitalik Buterin Slams Bitcoin SV: ‘Obviously a Complete Scam’ appeared first on CCN

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00:24 Yahoo.com Business‘Badger Wallet’ for Bitcoin Cash Launches On iOS

Badger Wallet, a popular BCH storage app, is coming to iOS.

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00:24 Yahoo.com BusinessAre Digital Tokens Securities? The SEC s Kik Interactive Lawsuit May Clarify Cryptocurrency Rules

Are Digital Tokens Securities? The SEC's Kik Interactive Lawsuit May Clarify Cryptocurrency Rules

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00:21 ScienceNewsDaily.orgSEC expands its war on cryptocurrency companies with a lawsuit against Kik

The Securities and Exchange Commission has sued Kik Interactive for the $100 million token sale the company announced two years ago. It’s an expansion of legal actions that began last ...

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04.06.2019
23:54 Techcrunch.ComSEC expands its war on cryptocurrency companies with a lawsuit against Kik

The Securities and Exchange Commission has sued Kik Interactive for the $100 million token sale the company announced two years ago. It’s an expansion of legal actions that began last year as the SEC seeks to rein in companies that the regulatory agency thinks issued securities illegally. In the lawsuit, the SEC claims that Kik […]

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23:36 CoinDesk.com‘Badger Wallet’ for Bitcoin Cash Launches On iOS

Badger Wallet, a popular BCH storage app, is coming to iOS.

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23:13 FinancialExpress.comKDHP bets big on ‘Ripple Tea Chai Bazaar’ to improve margins

KDHP produces 25 million kgs of teas annually and only 7.5% of it is sold in the branded retail market while the rest is auctioned in the bulk format.

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23:01 Yahoo.com BusinessBitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath

By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs. In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing. BSV Climbs While BTC Sinks It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For reference, BSV traded at just $70 in December 2018. That’s

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22:36 CryptoCoinsNews.comBitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath

By CCN: Is self-proclaimed “bitcoin inventor” Craig Wright crazy? Or is he crazy like a fox? While the bitcoin price is plunging this week, Bitcoin Satoshi Vision — the cryptocurrency championed by Wright — has notched record highs. In fact, BSV is one among a tiny handful of digital currencies whose price is climbing while bitcoin — the original cryptocurrency — is flailing. BSV Climbs While BTC Sinks It’s unclear what’s driving this rally, but BSV has gradually been rising for the past year. Its value now tops $225. For reference, BSV traded at just $70 in December 2018. That’s
The post Bitcoin’s Pain, Craig Wright’s Gain: BSV Defies Crypto Bloodbath appeared first on CCN

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22:25 Yahoo.com BusinessSEC Sues Kik for Conducting Allegedly Unregistered $100 Million ICO in 2017

The United States Securities and Exchange Commission (SEC) has sued Canadian startup Kik for an unregistered $100 million token offering, the regulator officially announced on June 4. According to the SEC’s complaint, Kik violated the registration requirements of Section 5 of the Securities Act of 1933. Specifically, the securities watchdog alleged that in late 2017, Kik raised $100 million through a digital token sale that was not compliant with U.S. securities laws, as it had not registered the offering with the proper authorities.

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22:25 Yahoo.com BusinessCrypto Trading Platform OKCoin Expands Its Services and Opens Office in Malta

Digital asset trading platform OKCoin has expanded its trading services and opened an office in Malta, according to a blog post published on June 4. OKCoin has launched its services to non-United States customers, who can now deposit and withdraw euros, as well as participate in euro spot trading for cryptocurrencies such as bitcoin (BTC), ether (ETH), and bitcoin cash (BCH). Per the post, the exchange is planning to add more euro digital asset pairs in the future.

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21:35 CryptoCoinsNews.comBitcoin Will Conquer Wall Street – And Everything Else: Ex-Coinbase CTO

By CCN: Bitcoin will completely disrupt the entire tech industry, Silicon Valley, and Wall Street. That’s the wildly-optimistic outlook of a former executive at crypto unicorn Coinbase. Crypto Will Disrupt EVERYTHING Despite making a surprise exit from the cryptocurrency exchange last month, Balaji Srinivasan says he remains a firm believer in bitcoin’s future. Srinivasan served as Coinbase’s chief technology officer (CTO) for close to a year before announcing his departure in May. One month later, Srinivasan unleashed a tweetstorm concretizing his reputation as the most rabid of bitcoin bulls. More than just predicting that cryptocurrency could become a store of
The post Bitcoin Will Conquer Wall Street – And Everything Else: Ex-Coinbase CTO appeared first on CCN

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21:11 FinExtra.comSEC charges Kik Interactive over unregistered $100m ICO

The Securities and Exchange Commission today sued Kik Interactive Inc. for conducting an illegal $10...

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21:06 Telegraph.co.ukMessaging app sued by US regulator over cryptocurrency launch

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20:48 Yahoo.com Business‘Hail Mary Pass:’ SEC sues Kik for non-compliant securities sale in its $100 million ICO

The U.S. Securities and Exchange Commission (SEC) is alleging Kik Interactive Inc. sold millions of dollars worth of unregistered securities as part of its $100 million initial coin offering.The post 'Hail Mary Pass:' SEC sues Kik for non-compliant securities sale in its $100 million ICO appeared first on The Block.

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20:46 FT.com TechnologySEC sues messaging app Kik for $100m ICO

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20:36 Yahoo.com BusinessThe SEC Is Suing Kik for Its 2017 ICO

The U.S. Securities and Exchange Commission has filed suit against Kik over its 2017 initial coin offering.

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20:36 Yahoo.com BusinessSEC Sues Kik Over $100 Million ICO, Sees Kin as a Security

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19:46 CoinDesk.comThe SEC Is Suing Kik for Its 2017 ICO

The U.S. Securities and Exchange Commission has filed suit against Kik over its 2017 initial coin offering.

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18:22 Benzinga.comBitTorrent CEO Hopes $4.5M Lunch Can Change Buffett's Mind On Cryptocurrency

Billionaire investor Warren Buffett hosts an annual charity fundraiser in which the top prize is a lunch date with the "Oracle of Omaha" himself.
read more

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17:58 Yahoo.com BusinessBillionaire Investor Blows Cold on Donald Trump 2020 Win and Bitcoin

By CCN: Nothing will get billionaire investor Stan Druckenmiller interested in bitcoin. Specifically, Druckenmiller is not sold on the cryptocurrency being a store of value, according to Bloomberg. In his view, however, this stance on Bitcoin does not make him a technophobe: I don’t think I’m a neanderthal, which is what I’ve been called when I’ve said I didn’t want to own Bitcoin. Interestingly, at a time when speculation was rife that last month’s Bitcoin rally was to some extent being caused by the U.S.-China trade war, Druckenmiller was then piling into U.S. treasuries. After U.S. president Donald Trump declared

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17:45 CryptoCoinsNews.comBillionaire Investor Blows Cold on Donald Trump 2020 Win and Bitcoin

By CCN: Nothing will get billionaire investor Stan Druckenmiller interested in bitcoin. Specifically, Druckenmiller is not sold on the cryptocurrency being a store of value, according to Bloomberg. In his view, however, this stance on Bitcoin does not make him a technophobe: I don’t think I’m a neanderthal, which is what I’ve been called when I’ve said I didn’t want to own Bitcoin. Interestingly, at a time when speculation was rife that last month’s Bitcoin rally was to some extent being caused by the U.S.-China trade war, Druckenmiller was then piling into U.S. treasuries. After U.S. president Donald Trump declared
The post Billionaire Investor Blows Cold on Donald Trump 2020 Win and Bitcoin appeared first on CCN

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17:33 Yahoo.com BusinessHow to buy Litecoin in Canada

There are several ways to easily buy Litecoin in Canada for newcomers to the cryptocurrency space. Cryptocurrencies are completely legal in Canada, meaning users can mine, hold, and trade Litecoin and similar digital assets. Similar to Bitcoin, Litecoin is a digital currency that facilitates global transactions online. Litecoin allows users to send money digitally through the use of blockchain technology, without the need for intermediaries. It can also be used to pay for certain things such as travel and property. Litecoin is one of the most popular digital assets as it offers cheaper transactions than Bitcoin, making it useful for everyday purposes. Buying Litecoin on a exchange Residents of Canada can use a plethora of exchanges to buy Litecoin. Here The post How to buy Litecoin in Canada appeared first on Coin

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16:22 TheNextWeb.comFBI asks victims of bankrupt QuadrigaCX cryptocurrency exchange to start snitching

The Federal Bureau of Investigation (FBI) is stepping up its probe into defunct Canadian cryptocurrency exchange QuadrigaCX. In an announcement yesterday, the FBI asked victims affected by the QuadrigaCX collapse to come forward and complete a questionnaire to aid with its “ongoing investigation.” “If you have questions or concerns about your QuadrigaCX account, or if you believe you are a victim, please complete the below questionnaire,” the announcement reads. “Based on the responses provided, you may be contacted by the FBI and asked to provide additional information.” The questionnaire asks potential victims what their QuadrigaCX username was, and whether they… This story continues at The Next Web

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16:09 Yahoo.com BusinessApple Publishes Bitcoin Icons & ‘CryptoKit’; iPhone Crypto Wallet Coming?

By CCN: Apple’s Worldwide Developer Conference (WWDC) is underway, and while most of the focus is on iOS3, Apple quietly revealed a new upgrade for developers called CryptoKit. Apple also released its new icon set for designers which feature four bitcoin logos. It begs the question, what are Apple’s plans for cryptocurrency integration? Apple CryptoKit: a path to a hardware wallet? CryptoKit provides developers with a new toolkit for cryptographic functionality. It means app developers can integrate operations like hashing, key generation, and encryption. In particular, CryptoKit will facilitate the use of public and private key management. “Use public-key cryptography to

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15:57 TheNextWeb.comNew cryptocurrency mining malware is spreading across Thailand and the US

With the infamous cryptocurrency mining script Coinhive now offline, you’d be forgiven for thinking crypto-jacking was a thing of the past. Sadly though, security researchers have uncovered a new malware family that’s attacking hardware to get it to secretly mine cryptocurrency. Researchers from Trend Micro have identified a malware which uses numerous web server exploits and brute-force attacks. The malware downloads and installs XMRig, a Monero cryptocurrency miner, according to the researchers’ findings, in an article spotted by ZDNet. BlackSquid was most active in the last week of May, with most of its attacks hitting Thailand and the US, according… This story continues at The Next Web

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15:56 CryptoCoinsNews.comApple Publishes Bitcoin Icons & ‘CryptoKit’; iPhone Crypto Wallet Coming?

By CCN: Apple’s Worldwide Developer Conference (WWDC) is underway, and while most of the focus is on iOS3, Apple quietly revealed a new upgrade for developers called CryptoKit. Apple also released its new icon set for designers which feature four bitcoin logos. It begs the question, what are Apple’s plans for cryptocurrency integration? Apple CryptoKit: a path to a hardware wallet? CryptoKit provides developers with a new toolkit for cryptographic functionality. It means app developers can integrate operations like hashing, key generation, and encryption. In particular, CryptoKit will facilitate the use of public and private key management. “Use public-key cryptography to
The post Apple Publishes Bitcoin Icons & ‘CryptoKit’; iPhone Crypto Wallet Coming? appeared first on CCN

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15:32 Yahoo.com BusinessLong-Term Support Level May Struggle to Revive Bitcoin Price Rally

Bitcoin’s price pullback seems to have stalled near historically strong support, but a bounce, if any, could be shallow.

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14:55 Yahoo.com BusinessBloomberg Terminal Lists Ethereum-Based Debt Instrument

In a blockchain first, Cadence has obtained a Financial Instrument Global Identifier (FIGI) and can be easily found on Bloomberg Terminal.

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14:55 CoinDesk.comLong-Term Support Level May Struggle to Revive Bitcoin Price Rally

Bitcoin’s price pullback seems to have stalled near historically strong support, but a bounce, if any, could be shallow.

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14:18 Yahoo.com BusinessMicrosoft releases new tool to verify Ethereum smart contracts

Microsoft has released a new open source tool that will allow for the verification and analysis of smart contracts written in the popular Solidity programming language that is commonly used on the Ethereum blockchain. The new tool is called VeriSol – short for Verifier for Solidity – and allows developers to express the “desirable behaviours of smart contracts written in a subset of the popular Solidity language” and then use “mathematical logic machinery” to check a specification against a given smart contract implementation. With new open-source formal verification tool VeriSol, Microsoft researchers are helping developers author safer and higher-quality smart contracts in @Azure Blockchain offerings: https://t.co/dzL84z1p3F — Microsoft Research (@MSFTResearch) June 3, 2019 VeriSol has also been incorporated into

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14:18 CoinDesk.comBloomberg Terminal Lists Ethereum-Based Debt Instrument

In a blockchain first, Cadence has obtained a Financial Instrument Global Identifier (FIGI) and can be easily found on Bloomberg Terminal.

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13:54 Yahoo.com BusinessI Would Not Long or Short Bitcoin, Says Billionaire Stablecoin Investor Druckenmiller

American billionaire Stanley Druckenmiller has doubled down on his distrust of bitcoin (BTC), Bloomberg reported on June 4, quoting a recent interview. Speaking to Scott Bessent, founder of Key Square Capital Management at The Economic Club of New York, Druckenmiller said he would still not be interested in placing any of his $4.4 billion worth into the cryptocurrency. Druckenmiller added he would neither long nor short bitcoin in any way, hinting he did not understand the reason why it has inherent value.

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13:38 Zdnet.comBlackSquid malware uses bag of exploits to drop cryptocurrency miners

The new malware family infects web servers to mine for cryptocurrency.

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13:29 TheNextWeb.comCryptocurrency exchange Blockport goes bankrupt after failed STO

An Amsterdam-based cryptocurrency exchange is facing an uncertain future. Blockport has declared bankruptcy after its security token offering (STO) failed to meet its minimum expectations last month. Blockport’s STO failed to reach its soft cap of €1 million ($1.13 million) in May. Shortly after, the company filed for and was declared bankrupt, according to recently found bankruptcy records. “Since our first equity fundraising (STO) round was unsuccessful, we can’t uphold our planned growth trajectory and therefore have to significantly scale down our operations and team,” Blockport founder Sebastiaan Lichter told Hard Fork. The Blockport STO launched on April 16 and… This story continues at The Next Web

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13:15 Yahoo.com BusinessLatest Bitcoin Cash price and analysis (BCH to USD)

Bitcoin Cash (BCH) is currently recovering from a substantial dip that saw its price plummet from about $440 last week to $390 today, representing an 11% drop. At the time of writing, price has levelled off and is now hovering around $395. Let’s take a look at the latest BCH price action. Looking at the chart above, we can clearly see BTC has broken through some important resistance barriers. Bitcoin Cash broke the $330 level around its 200-day EMA in early May, and the 20-day EMA has now moved above the 200-day EMA – a clear bullish signal. Moreover, volumes have remained strong since mid-May, helping BCH to break key levels and find support initially around $360 and later around The post Latest Bitcoin Cash price and analysis (BCH to USD) appeared first on Coin Rivet.

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12:13 CryptoCoinsNews.comBinance CEO Skips Lunch Invite With Anti Bitcoin Warren Buffett

By CCN: It appears that Justin Sun’s Crypto Avengers are going to be short one hero. Binance CEO Changpeng Zhao (CZ) has turned down the enthusiastic Tron creator’s offer of attending his $4.5 million lunch with Bitcoin hating Warren Buffett. Bitcoin Evangelist Is Keen to Meet Warren Buffett It is undeniably a blow for Justin Sun that the CEO of the world’s largest Cryptocurrency Exchange will not be in attendance for his big moment with Buffett. After CZ gave his shout-out to Blockchain and Crypto evangelist, Anthony Pompliano, the Pomp was quick to invite himself to the Sun-Buffett shindig.  
The post Binance CEO Skips Lunch Invite With Anti Bitcoin Warren Buffett appeared first on CCN

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11:12 Yahoo.com BusinessHow to use a Bitcoin mining calculator

If you’re considering mining Bitcoin, it’s important to figure out how to mine in the most profitable way. This is where a Bitcoin mining calculator comes into play. By inputting various parameters, the calculator will show you how long it will take to pay back your investment. This will help you to decide whether Bitcoin mining is right for you. Why should I use a Bitcoin mining calculator? Mining Bitcoin used to be a fairly simple process. You could set up a computer to solve complex maths problems and, in return, receive Bitcoin. It was possible to earn Bitcoin quickly just by using the computing power in your home. Now, however, the process has become more complicated. Some people are The post How to use a Bitcoin mining calculator appeared first on Coin Rivet.

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09:36 Yahoo.com BusinessNewsflash: Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why

By CCN: In the past several hours, the bitcoin price has dropped from around $8,500 to $7,732, by nearly 14% against the U.S. dollar. A pullback for bitcoin was generally anticipated by technical analysts following its 130 percent year-to-date gain. Traders were taken aback by the magnitude of the drop of the dominant crypto asset in a short time frame and if the asset does not demonstrate a speedy recovery, several technical analysts forsee bitcoin testing support levels in the $7,100 to $7,300 range. Why bitcoin price fell and what it would need to rebound Some investors have speculated that

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09:11 CryptoCoinsNews.comNewsflash: Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why

By CCN: In the past several hours, the bitcoin price has dropped from around $8,500 to $7,732, by nearly 14% against the U.S. dollar. A pullback for bitcoin was generally anticipated by technical analysts following its 130 percent year-to-date gain. Traders were taken aback by the magnitude of the drop of the dominant crypto asset in a short time frame and if the asset does not demonstrate a speedy recovery, several technical analysts forsee bitcoin testing support levels in the $7,100 to $7,300 range. Why bitcoin price fell and what it would need to rebound Some investors have speculated that
The post Newsflash: Bitcoin Price Plunges 14% in Violent Spiral to $7,700 — Here’s Why appeared first on CCN

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06:27 Yahoo.com BusinessBitcoin Price Drops Nearly 10%—and Back Below $8,000

Bitcoin Price Drops Nearly 10%—and Back Below $8,000

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05:39 CryptoCoinsNews.comChina’s Baidu Search Trends Collide with Bitcoin’s May Bull Run

By CCN: China may have cracked down on cryptocurrency companies, but that’s not stopping the local population from pursuing bitcoin as an investment. Economist and trader Alex Kruger did the research and found that there may be some truth to the theory that China fueled much of the gains in the BTC price last month. June hasn’t been so kind, at least so far, with the bitcoin price down more than 7% in the last 24 hours. In May, however, bitcoin was a rock star as its value expanded by a whopping 60%. In a series of tweets, Kruger explained
The post China’s Baidu Search Trends Collide with Bitcoin’s May Bull Run appeared first on CCN

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04:07 Yahoo.com BusinessBitcoin Dips Below $8K as Price Sheds $700 in Two Hours

Bitcoin has once again fallen beneath $8,000 amid a sharp sell-off that saw prices drop to as low as $7,090 according to Coindesk data.

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03:20 Yahoo.com BusinessOpen Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Record High

The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3. According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week from May 27 to June 3 is 5,190. Coindesk claims that this is the highest number of open positions that CME’s bitcoin futures have ever reported and a 7% increase over the previous week.

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03:19 CoinDesk.comBitcoin Below $8,000 – Price Sheds $700 in Two Hours

Bitcoin has once again fallen beneath $8,000 amid a sharp sell-off that saw prices drop to as low as $7,090 according to Coindesk data.

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03:08 Yahoo.com BusinessAnalytical Firm Calls Bitcoin ‘King of the Assets Class Hill’

Analytical firm Delphi Digital has called bitcoin (BTC) the “King of the Assets Class Hill” due to the coin’s outperformance in recent months, the Next Web reported on June 3. Delphi Digital based its commentary on bitcoin’s returns for four straight months, especially given that bitcoin’s performance comes at a time when traditional risk assets continue to face selling pressure. “May’s outperformance has been especially important given the broader weakness across many other asset classes,” the firm said.

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01:58 Yahoo.com BusinessIsraeli Supreme Court Rules in Favor of Cryptocurrency Exchange in Bank Dispute

The Supreme Court of Israel has declared that Leumi Bank cannot block the cryptocurrency exchange Bits of Gold’s account on the grounds of regulatory concerns, according to a report by Finance Magnates on June 3. Despite the Supreme Court’s ruling against Leumi, the bank reportedly maintains its stance against dealing with the exchange. The report notes, however, that this ruling sets precedent for Israeli cryptocurrency firms to legally use traditional banking services in the region.

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01:24 Yahoo.com BusinessBillionaire Bitcoin Mining Investor Frank Timis Paid Just $44 in Taxes

By CCN: Billionaire bitcoin mining investor Frank Timis ranks among Romania’s wealthiest citizens and Britain’s richest residents. A blockbuster investigation into his personal finances reveals that, despite his life of staggering luxury, he paid less than $50 in income tax in 2017. Billionaire Bitcoin Mining Tycoon Gets Richer – And Pays Barely Any Taxes A BBC report exposed Frank Timis’s personal tax return from 2017, revealing that he had paid just £35.20 (around $44) in income tax, despite renting a £14,000-a-month penthouse and spending “thousands” dining in London’s finest restaurants. The billionaire, who has made a name in the crypto

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00:59 CryptoCoinsNews.comBillionaire Bitcoin Mining Investor Frank Timis Paid Just $44 in Taxes

By CCN: Billionaire bitcoin mining investor Frank Timis ranks among Romania’s wealthiest citizens and Britain’s richest residents. A blockbuster investigation into his personal finances reveals that, despite his life of staggering luxury, he paid less than $50 in income tax in 2017. Billionaire Bitcoin Mining Tycoon Gets Richer – And Pays Barely Any Taxes A BBC report exposed Frank Timis’s personal tax return from 2017, revealing that he had paid just £35.20 (around $44) in income tax, despite renting a £14,000-a-month penthouse and spending “thousands” dining in London’s finest restaurants. The billionaire, who has made a name in the crypto
The post Billionaire Bitcoin Mining Investor Frank Timis Paid Just $44 in Taxes appeared first on CCN

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03.06.2019
23:50 CoinDesk.comThe Startup Behind Ethereum’s Infamous DAO Has Been Acquired

Blockchains.com steps into the internet of things with the with the acquisition of slock.it

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23:26 Yahoo.com BusinessJohn McAfee To Roll Out ‘Freedom Coin’ Cryptocurrency This Fall

Crypto enthusiast, bitcoin (BTC) bull, antivirus software namesake and 2020 United States presidential campaigner John McAfee is releasing his own independent cryptocurrency, according to an official Twitter post on May 29. According to his website on the announced cryptocurrency, the “McAfee Freedom Coin” will roll out some time this fall. “What is needed is a coin disconnected from fiat currencies and from other crypto currencies alike — a coin with zero cash-in value, yet accepted universally … It is not based on any commodity nor is it connected to the value or behavior of any external item or entity.

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23:03 Yahoo.com BusinessRipple & XRP: An Uncertain Future in Banking Hangs in the Balance

By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. .50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments. It would also limit Ripple Labs’ need to liquidate funds held in escrow that it uses to continue operations. The company has access to a billion XRP every month but rarely needs that much. A massive price increase would limit

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22:49 CryptoCoinsNews.comRipple & XRP: An Uncertain Future in Banking Hangs in the Balance

By CCN: People are feeling notably bullish about Ripple, or XRP, depending on what you’re talking about. The token price is earning bullish calls on Twitter. .50 cent and beyond incoming $xrp — Sir Gordon Gekko (@gordongekko369) June 2, 2019 Fifty cents would go a long way to making longtime XRP investors whole and earning handsome returns on long-held investments. It would also limit Ripple Labs’ need to liquidate funds held in escrow that it uses to continue operations. The company has access to a billion XRP every month but rarely needs that much. A massive price increase would limit
The post Ripple & XRP: An Uncertain Future in Banking Hangs in the Balance appeared first on CCN

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22:37 CoinDesk.comMexico Is Getting Eight New Cryptocurrency Exchanges

Fintech firm Amero-Isatek will offer cash-t- crypto exchanges to users in eight Mexican states

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22:26 Yahoo.com BusinessBitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, Stellar, Tron: Price Analysis June 3

Facebook is in talks with the U.S. Commodity Futures Trading Commission (CFTC) about its stablecoin that is expected to launch in 2020. Venture capitalist Jason Calacanis believes that Bitcoin will plunge as it will be replaced by a new technology. Bitcoin (BTC) is finding strong support closer to the 20-day EMA but is facing profit booking at higher levels.

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22:02 Yahoo.com BusinessTron CEO’s Childish Warren Buffett Stunt Batters BTT Cryptocurrency

By CCN: The BitTorrent cryptocurrency price tanked over 6% in Monday trading after Tron CEO Justin Sun’s latest announcement stunt flopped in hilarious fashion. Tron Founder Will Pitch Crypto to Bitcoin Hater Warren Buffett It turns out Sun was the mystery bidder who won a charity lunch auction to dine with investing oracle Warren Buffett. This year is the 20th anniversary of Buffett’s annual charity “power lunch” auction, and a record-setting bid of $4.5 million for the lunch date made headlines Friday. The previous record was $3.45 million in 2016. Shortly after the news broke, Justin Sun took to Twitter

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