Bitcoin

Cryptocurrency Exchange Exmo Opens Branch in Turkey

February 21st, 2019

Digital asset exchange Exmo, a leading crypto trading platform in Eastern Europe, has recently registered a subsidiary in Turkey. The company is setting up an office in Istanbul, the financial capital of the country situated on the Bosphorus. Traders Offered Pairs With the Turkish Lira The decision to establish the branch is part of Exmo’s…

Big Banks Money Laundering: UBS Fined $4.2 Billion, Danske Shuts Down in 4 Countries

February 21st, 2019

Money laundering scandals involving some of the world’s largest banks have grown this week. Switzerland’s largest bank, UBS, has been fined 3.7 billion euros (~$4.2 billion) for money laundering. Amid a $226 billion scandal, Estonian authorities have ordered Denmark’s largest bank to terminate its operations in the country. Danske Bank is also shutting down in…

How to Use Cryptocurrency to Send Money Abroad

February 21st, 2019

The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can…

In the Daily: Sirin Labs Smartphone, Middle East Cbx Exchange, IPC’s Connexus Cloud

February 21st, 2019

In this edition of The Daily we cover a number of cryptocurrency-related business collaborations from around the world. These include Sirin Labs and Simplex, Middle East-focused crypto exchange Cbx, and Heliocor, IPC and ICE Data Services. Additionally covered is an update from the FBI which is conducting an investigation into Bitconnect. Sirin Labs Smartphone to…

Samsung Launches Galaxy Series Preloaded With Cryptocurrency Wallet

February 21st, 2019

On Wednesday, Feb. 20, the mobile phone manufacturing giant Samsung Electronics released its flagship smartphone, the Galaxy S10. Crypto enthusiasts will be pleased to hear that the new phone comes with the company’s proprietary Samsung Knox security system which stores blockchain-based private keys. Galaxy S10 Houses Private Keys The relationship between Samsung and cryptocurrencies is…

Irish Auctioneer to Sell off 315 BTC Seized by Belgian Police

February 21st, 2019

Irish auctioneer Wilsons Auctions is to sell off 315 bitcoins seized by the Belgian government in a drug trafficking case that involved the darknet. The 24-hour online auction will start at noon on Feb. 28. Wilsons to Auction $390k Worth of Drug-Related Crypto Wilsons said in a statement that the loot, with no reserve, will…

Aboveboard Founder Claims ‘Nobody Is Buying’ STOs

February 21st, 2019

Andy Singleton, the founder of securities exchanges Aboveboard, has published an article asserting that the security token offering (STO) market is “lifeless.” While Singleton acknowledges the efficiency savings facilitated by the introduction of distributed ledger technology to the securities industry, he argues that current offerings are plagued by poor liquidity and inadequate disclosure, resulting in…

Google Introduces New Bitcoin Keyboard Currency Symbol

February 21st, 2019

In what some view as a landmark move, Google developers have added the bitcoin currency symbol to the iOS keyboard. The move, by a company so successful it’s evolved its domain name into a verb, reflects Bitcoin’s mainstream trajectory. An Unlikely Love Story: Apple, Bitcoin and a Currency Symbol The bitcoin symbol, which has seen deployed…

This ‘Faketoshi’ Signature Tool Lets Anyone Become Satoshi Nakamoto

February 21st, 2019

Over the years, it’s become popular to claim that you are Satoshi Nakamoto even if you lack a shred of evidence. Although some individuals have tried really hard to prove it, they have always failed to convince the greater community. For instance, a few self-proclaimed inventors of Bitcoin have attempted to generate a signature with…

Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box

February 21st, 2019

In a 2014 appearance on the True Bromance Podcast, Gerry Cotten, the late CEO of embattled Canadian cryptocurrency exchange Quadrigacx, made comments indicating that the exchange was storing customer funds using paper wallets. Cotten also compared losing the private keys for a bitcoin wallet to “burning cash.” Cotten Discusses Cryptocurrency Custody During 2014 Podcast With…