Tuesday, November 20Your Daily Bitcoin & Altcoin News Portal
PR: Lightning Fast Stablecoin USDX Launches Token Sale – Bitcoin News

PR: Lightning Fast Stablecoin USDX Launches Token Sale – Bitcoin News

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Please share if you find this article interesting. PR: Lightning Fast Stablecoin USDX Launches Token Sale - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Stablecoins have been a hot topic in 2018, and many different companies are creating cryptocurrencies for P2P payments. The USDX Wallet payment system stands out from these overly complicated and undeveloped projects by delivering rapid and secure transactions with the ease of sending a text. Whether you are depositing money, organizing international money tr...
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China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain

China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain

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Please share if you find this article interesting. China: Insurance Giant Ping An Subsidiary to Create Boutique Bank Supported by Blockchain Ping An Bank, a subsidiary of China’s Ping An Insurance Group, will launch a boutique bank using blockchain, cloud services, and the Internet of Things (IoT). Ping An Insurance Group is one of the world's leading financial and insurance corporations, and their subsidiary’s announcement was reported on Nov. 20 by People’s Daily, China’s official state run press service. A boutique bank is defined as a non-full service investment bank that supports more individualized services than larger firms. The new boutique bank will rely on Ping An Group's scientific and technological skills and comprehensive financial capabilities to provide integrated
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US Regulator Issues Cease and Desist Order to Russian ICO Mimicking Liechtenstein Bank

US Regulator Issues Cease and Desist Order to Russian ICO Mimicking Liechtenstein Bank

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Please share if you find this article interesting. US Regulator Issues Cease and Desist Order to Russian ICO Mimicking Liechtenstein Bank Securities Commissioner Karen Tyler of North Dakota, U.S., has issued a cease and desist order against a Russian Initial Coin Offering (ICO) that posed as Liechtenstein Union Bank, according to a Monday, Nov. 19 press release. The state Securities Department’s ICO Task Force conducted an investigation and found out that the website of the fraudulent ICO mimicked Union Bank Payment Coin (UBPC) — an existing token launched by Union Bank in Liechtenstein back in August. As per the regulator, the project’s website claimed to become the “world’s first security token backed by a fully licensed bank” and stated that the UBPC is fully backed by the Swi
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Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim

Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim

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Please share if you find this article interesting. Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim The U.S. Department of Justice (DoJ) has focused its investigation crypto market manipulation on whether or not Tether (USDT) was used to artificially inflate Bitcoin (BTC) prices during last year’s momentous rally, Bloomberg reports Nov. 20. Bloomberg cites three unnamed sources “familiar with the matter” who allege that the DoJ has “honed in” on the triad of Bitcoin, Tether, and its affiliated crypto exchange Bitfinex — the latter two of which share a CEO, Jan Ludovicus van der Velde. The sources have reportedly alleged that the DoJ is looking into how Tether issues its new tokens and why the majority of Tether enter the market via Bitfinex,
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Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off – Bitcoin News

Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off – Bitcoin News

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Please share if you find this article interesting. Markets Update: Cryptocurrencies Shed Billions in Bloody Sell-Off - Bitcoin News Market Updates Cryptocurrency enthusiasts have been glued to the price charts over the last 48 hours as digital assets across the entire crypto-economy have plunged significantly. Since our last markets update two days ago, the digital currency ecosystem has lost over $30 billion and the overall market capitalization of all 2,000+ coins now sits at around $159 billion.      Also read: Cryptocurrency ATM Growth Spikes Exponentially to 4,000 Machines Worldwide The Sell-Off and Shakeup Markets have been bloody over the last few days with nearly every digital asset reaching its lowest price point of the year. Traditionally, cryptocurrency prices are
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Blockchain Network Takes on Ethereum ERC20 and Claims it is Faster and Cheaper

Blockchain Network Takes on Ethereum ERC20 and Claims it is Faster and Cheaper

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Please share if you find this article interesting. Blockchain Network Takes on Ethereum ERC20 and Claims it is Faster and Cheaper A new blockchain platform believes it is a “more attractive and accessible destination” for hosting tokens than the likes of Ethereum’s ERC20 platform, as it gives developers the support they need to build, market and launch custom tokens successfully. LindaX says it wants give entrepreneurs an opportunity to sculpt “absolutely unique tokens with exclusive features for designated transactions” – all the while helping them to “navigate the unfamiliar environment of cryptocurrency.” According to its white paper, the startup’s team would be on hand to help fledgling businesses forge connections with exchanges who can list their token, and offer strategies
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Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud

Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud

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Please share if you find this article interesting. Spain’s Finance Ministry to Inspect 15,000 Crypto-holding Taxpayers to Prevent Tax Fraud The Spanish Ministry of Finance (Hacienda) will oversee 15,000 taxpayers who have made transactions with cryptocurrencies in the last year, El País, the largest Spanish-language newspaper, reports Nov. 19. Under the auspices of Hacienda, Spain’s tax agency, the Agencia Estatal de Administración Tributaria (AEAT), underlined that it will monitor "the fiscal incidence of these new technologies, such as blockchain and, especially, cryptocurrencies," to prevent tax fraud actions as a part of its annual tax control plan. The National Fraud Investigation Office (ONIF) of the tax agency has investigated dozens of companies, banks, and intermediaries
CryptoGirl
Peru’s Central Bank Says Cryptocurrencies Are Risky Due to High Volatility

Peru’s Central Bank Says Cryptocurrencies Are Risky Due to High Volatility

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Please share if you find this article interesting. Peru's Central Bank Says Cryptocurrencies Are Risky Due to High Volatility Peru’s central bank has reacted to the recent crypto markets collapse by warning about the high volatility of digital currencies on its Twitter Friday, Nov. 16. In its recent post, the Peruvian central bank included Bloomberg graphics on Bitcoin’s (BTC) price from December 2017 to mid-November 2018. The picture is followed by a statement: “Cryptocurrencies are not supported by central banks and pose risks due to the high volatility in their price, fraud cases and their possible use in illicit activities. Bitcoin’s price fell 56% as of October 2018, and has lost an additional 13% percent in November.” According to Spanish language crypto outlet Criptonoti
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UK Regulator Considers Cryptocurrency Derivatives Ban Due to Market ‘Integrity Issues’

UK Regulator Considers Cryptocurrency Derivatives Ban Due to Market ‘Integrity Issues’

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Please share if you find this article interesting. UK Regulator Considers Cryptocurrency Derivatives Ban Due to Market ‘Integrity Issues’ The U.K.’s finance regulator, the Financial Conduct Authority (FCA), may ban cryptocurrency derivatives such as futures as part of its “most comprehensive response” to the industry, financial trading news outlet Finance Magnates reported Nov. 20. In a speech at a London conference Tuesday, FCA executive director of strategy and competition Christopher Woolard said the organization would consult on forbidding so-called cryptocurrency contracts-for-difference (CFDs). This, says Finance Magnates, would “likely” also incorporate “options, futures and transferable securities.” The publication quoted Woolard as saying: “We’re concerned that retail c
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NBA Superstar Kobe Bryant to Attend Crypto Summit as Special Guest Speaker

NBA Superstar Kobe Bryant to Attend Crypto Summit as Special Guest Speaker

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Please share if you find this article interesting. NBA Superstar Kobe Bryant to Attend Crypto Summit as Special Guest Speaker Kobe Bryant, twice Olympic gold medalist and NBA superstar, will appear as a guest speaker at the NiTRON Summit 2019 in San Francisco, decentralized Internet project TRON (TRX) shared exclusively with Cointelegraph Nov. 20. Basketball champion Kobe Bryant has been invited to the conference as a special guest to “share his thoughts and life experience to inspire young leaders and entrepreneurs,” the press release states. The press release notes that Bryant is a guest of TRON founder Justin Sun. Over the past several years, the crypto community has received a star-studded boost from a number of notable celebrities from around the world. Just recently, Eminem