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Author: Bitcoinist

Monex Group Gives Coincheck New Life

Many in Japan feared its cryptocurrency market would grind to a halt following the hack of the Tokyo-based exchange, Coincheck. It appears that those fears were unwarranted, however, as the exchange is set to remain operational under Monex Group. More Than Profitable Monex Group Inc., a Japanese online brokerage, finalized its acquisition of Coincheck last week for nearly 3.6 billion yen ($33 million). The acquisition comes after Coincheck’s security was penetrated on January 26th, earlier

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Easing Regulations Bring 4000 New Bitcoin ATMs to Argentina

The Central Bank of the Argentine Republic (BCRA) has this month eased regulations regarding automatic teller machines in the country. The (perhaps unexpected) upshot of this has been a plan to install 4000 new crypto-enabled ATMs. Rules, Rules, Rules The new regulations do not contain any direct reference to bitcoin or cryptocurrency. Rather, they allow the installation of ATMs in non-banking establishments, such as supermarkets, shopping centers, and cinemas. In addition, the regulations allow independent players

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MasterCard Files Patent for Faster Blockchain Node Verification

Furthering its interest in blockchain-based technology, MasterCard has filed a patent for a system designated to increase the speed with which blockchain nodes are being verified.   It seems the bees in the company’s crypto department have been busier than one may think. Earlier in April, MasterCard Labs, the company’s innovation section, said that they’re looking to hire 175 more staff members, including blockchain experts. The company has now filed another blockchain-related patent, dated April

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Square Shares Slide After Citron Says ‘Wall St. Drunk on Bitcoin Nonsense’

Square shares slipped slightly after Andrew Left of Citron, a stock commentary source, alleged that the company’s bitcoin trading was insignificant and overhyped. Square Shares Decline Square stock dipped briefly on April 30 losing 3.8 percent to land at $45.76 per share. The stock later rebounded but still closed out with a 0.48 percent loss. This decline followed a tweet by Citron on April 30 saying that Wall Street was “drunk on bitcoin.” This statement appears

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Venezuela Touts Petro To India, Coinsecure With 30% Oil Discount Promises

Venezuela is leveraging its oil wealth to shoehorn president Nicolas Maduro’s Petro cryptocurrency into foreign markets. Coinsecure Goes For Petro? The practice came to light following local media in India reporting Caracas had offered a 30% discount on its crude oil imports if the government paid in Petro. At the same time, a delegation visited India in March and came to an agreement with embattled local Bitcoin exchange Coinsecure to offer the trading of Petro

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‘Cryptocurrencies Not a Threat’ Says Hong Kong Report on Organized Crime

The Financial Services and Treasury (FSTB) of Hong Kong has released its Money Laundering and Terrorist Financing Risk Assessment report which indicates that cryptocurrencies are left out of organized crime or ML/TF concerns. Amid the growing crypto-related regulatory chaos and tense debate on the matter of combating financial crime, the FSTB released a report which sheds light on a few key matters. Crypto is Not a Threat. Period. The cryptocurrency market has long been the

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The 4th Pillar is Revolutionizing the Way HR Industry Works Today

All systems are go for The 4th Pillar – a platform which will revolutionize digital identity control in the fields of human resources and finance. The project has officially opened its pre-sale whitelist, offering a 30 percent bonus on a 0.1 ETH minimum investment. Take Control of Your Professional Identity The 4th Pillar has successfully created an environmentally-friendly and futuristic blockchain-based hub which is set to serve, disrupt, and forever change the way both the

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Peter Thiel Backs Startup That Helps Big Investors Buy Bitcoin

Founders Fund, a VC firm backed by billionaire Peter Thiel has invested in a Tagomi System, a new startup that helps big investors trade bitcoin. Greg Tusar, the former electronic trading chief at Goldman Sachs is reported to be one of the startup’s co-founders. Simplifying the Trading Process for Institutional Investment Executing large orders in the crypto market is a tedious process. This is due to the fragmented nature of the cryptocurrency market. There are numerous

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Authorities Blame Bitcoin for Opioid Drug Epidemic

Authorities have found a new scapegoat to blame for the ongoing opioid drug epidemic going on in the United State: Bitcoin. Eagle Scout Turned Drug Dealer Aaron Shamo is a Utah native who discovered Bitcoin and cryptocurrency in 2009, soon after it was created. He began mining for Bitcoin while he was a student a Utah Valley University. He continued to accumulate more of the cryptocurrency as he made his way through life over the

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CFTC Chairman: Bitcoin Suited for ‘Long-Term Buy and Hold Strategy’

CFTC Chairman Christophe Giancarlo went on record, saying that Bitcoin, alongside a lot of other cryptocurrencies share elements of different asset classes, regardless of whether it’s a matter of long-term asset or means for payment. Christophe Giancarlo, currently a chairman of the U.S. Commodity Futures Trading Commission (CFTC) shares his take on Bitcoin, saying that the world’s largest cryptocurrency is part currency, part security, and part digital coin. In what’s undoubtedly a positive sentiment towards

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Bitcoin.com Fixes ‘Bitcoin Cash is Bitcoin’ Narrative Amid Lawsuit Threat

Cryptocurrency news and information portal Bitcoin.com has changed its website content after over 1,000 people are looking to sue it for fraud. Bitcoin Cash Is Bitcoin Cash The lawsuit, which is being brought against the St. Kitts-registered company for its use of the terms ‘Bitcoin’ when referring to altcoin Bitcoin Cash, is in the final stages of accruing legal assistance before releasing details to members. The process has drawn attention to, among other issues, Bitcoin.com’s

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Coinbase Competitor Circle Adds Zcash to Crypto Investment App

Circle Invest is set to add Zcash to its cryptocurrency trading portfolio. Circle, the payments startup firm announced this in a blog post on April 30. Zcash becomes the sixth cryptocurrency in the Circle Invest trading catalog. Zcash Support The addition of Zcash is the first of many announcements scheduled for the next three weeks. Hello, Zcash 👋. A new coin just joined the Circle Invest family, and it's available for you to buy right

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