U.S. Telecom Giant AT&T Joins Hands With BitPay to Accept Cryptocurrency Payments

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U.S. Telecom Giant AT&T Joins Hands With BitPay to Accept Cryptocurrency Payments
In an effort to expand its services to its users using cryptocurrencies, AT&T will now allow paying bills in crypto with BitPay acting as its payment processor.
U.S. Telecom Giant AT&T Joins Hands With BitPay to Accept Cryptocurrency Payments

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Source: CoinSpeaker

Bitcoin [BTC]: Higher BTC price brings more BTC scams?

As the cryptoverse regains its lost shine with the recent bull run and welcomes a new breed of enthusiasts, the bad players in the market have amped up their efforts into conning the naive crowd. One of the upcoming scams in this light is the “digital wallets,” that are being identified and blocked on a daily basis. Pioneering this wave of stopping fraud is @LukasStefanko, who recently highlighted two apps on Google Play. The tweet read,
“Phishing “Trezor Mobile Wallet” app found on Google Play and pops as a second search result. This fake app was phishing for credentials, but still it couldn’t affect Trezor user funds, however it could be used for email phishing.”
The tweet consisted of screenshots that warned the crypto users to download the correct “TREZOR Manager” app, instead of the [fake] “Trezor Mobile Wallet” app.
Source: @LukasStefanko
@LukasStefanko further informed Twitter that the fake app was “connected” to “Coin Wallet” service which was another cryptocurrency wallet on Google Play with over 1,000 installs using the same source code and server.” He further informed the readers that  “Trezor Mobile Wallet & Coin Wallet were bought as wallet template for $40” and added a screenshot of the source code as a proof of his findings.
Source: @LukasStefanko
While the apps are still available for download, the recent finding ought to urge users to make use of legitimate sources for indulging in cryptoverse. Currently, Crypto Twitter is spreading the information in the hopes of reducing such scams that surface with BTC hype.
The post Bitcoin [BTC]: Higher BTC price brings more BTC scams? appeared first on AMBCrypto.
Source: AMB Crypto

United States’ SEC busts Ponzi scheme utilizing diamond-backed cryptocurrency

The United States’ Securities and Exchange Commission in Florida has taken strict actions to terminate the recent Ponzi scheme that involved $30 million worth of diamond-backed cryptocurrency, Argyle Coin which targeted nearly 300 investors.
The diamond-backed cryptocurrency business revolved around buying and selling of raw diamonds. Argyle Coin was unique due to its offerings. The main purpose was to ease the process of smart contracts for enhancing the speed of online transactions of colored diamonds. It assured partial ownership of expensive colored diamonds. Argyle Coin was tangible that is, offering colored diamonds worth millions.
The Securities and Exchange Commission [SEC] stated that the Palm Beach-based company enticed people by offering investment schemes that were promoted by diamonds in the year 2014. The mastermind behind the Ponzi Scheme, Jose Angel Aman, principal of Argyle Coin LLC, deceived investors and used their money to carry out the scheme.
The SEC also imposed a ban on Natural Diamonds Investment Co. and Eagle Financial Diamond Group as they were found to unlawfully support Argyle Coin. Harold Seigel and Jonathan Seigel, promoters of Natural Diamonds Investment Co. and Eagle Financial Diamond Group, were also charged with supporting the two companies and backing the Ponzi scheme.
The Federal court in Florida authorized the Commission to freeze the capital assets of defaulters and sanctioned its request to restrict operations of the company temporarily.
Counsel for the Seigels issued a joint statement saying,
“They, themselves, have personally been wrongfully accused; vehemently denying the allegations lodged against them, refuting any contention they participated in a Ponzi scheme or otherwise misled their friends, family and long standing clients in any way.”
An official statement released about Argyle Coin revealed how Aman started the scheme way back in 2014 and invited prospective investors to invest in Natural Diamonds. Aman promised investors that he would use the funds to gather, cut and furbish raw diamonds under the name of “fancy colored diamonds”.  The scheme promised to deliver 24 percent of invested money and full return of investment within a span of two years.
Further, they provided Eagle Financial Diamond Group’s investment contracts to investors and promised to build a cryptocurrency entirely backed by diamonds, adding that it was risk-proof.
However, the Commission gathered evidence to prove that there were no diamonds and that the funds were wrongfully used to compensate investors of previous companies – Natural Diamonds Investment Co. and Eagle Financial Diamond Group. The victims of the financial fraud were misguided as Aman inappropriately used $10 million worth of funds to fuel his company and pay his personal expenses.
In the final charge sheet, the SEC charged the owners on a misconduct charge and banned the companies for committing crimes in violation of federal security laws, also charging them under anti-fraud provisions.
The post United States’ SEC busts Ponzi scheme utilizing diamond-backed cryptocurrency appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin Futures still subject to final licensing requirements from the CFTC, says ErisX CEO Tom Chippas

Tom Chippas, the CEO of ErisX Digital, spoke about the current status of its Bitcoin futures contract, and commented on who was currently buying into Bitcoin, considering the rise of futures volume, during an interview with TD Ameritrade Network.
Chippas was aksed who he thought was buying Bitcoin, whether it was someone who was running a pension fund or a hedge fund, and whether there was a way to find out. To this, he stated,
“[…] Well, there’s no one place to find out, so to answer the second part of that first. But it’s definitely being done. What I would say is we have a market that’s still evolving specifically there’s a point in click, retail trading going on for sure […]”
He further stated that there were some institutional asset management, mainly hedge funds. According to the CEO, the main activity was taking place in the Over-the-Counter [OTC] trading platforms, where counterparties agree to trade individually and those trades “never print to tape anywhere”. Chippas went on to state,
“[…] one of the things we will be providing is a clearinghouse, allowing counterparts to agree that block trade and then that information would come into our market data. So, it would be available to the appropriate controls around it, much like is required in futures today […] it’s something that we would be bringing to spot crypto […]”
Chippas stated that ErisX’s spot market has been live for nearly a month and that the futures was still subject to “final licensing” requirements from the CFTC, adding that they were “at the late stages of those conversations.” Further, the CEO spoke about the drop of the XBT contracts, stating that there would be experiments, which would have different results. He added that the development of a robust spot market, which has a reliable price, was going to be important for multiple players.
 […] You need market players to provide inter-day liquidity. You need producer, hedgers, speculators and that’s what we’re trying to grow, trying to bring minors in as well as really give that fulsome market. So that you have price discovery happening not just on one side of the way but across multiple counterparts with different time horizons.”
The post Bitcoin Futures still subject to final licensing requirements from the CFTC, says ErisX CEO Tom Chippas appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin [BTC] trumps gold as choice of store of value among millennials, says President of ETF Store

In a recent interview with Bloomberg experts, Nate Geraci, President of ETF Store, while talking about the Bitcoin ETF approval, hinted that younger clients were moving towards Bitcoin citing better investments. He also acknowledged that the demand for investing in BTC had increased, when compared to Gold and said,
“When we talk to our younger clients, we have a core allocation in our portfolios and they’ll ask about that and say well, what about crypto?And if you talk to primarily millennials and ask them which they prefer, Bitcoin or Gold? its a landslide!”
This comes at a time when the battle between Bitcoin [BTC] and Gold in terms of value has been raging. Proponents of the cryptocurrency have proved that BTC is the next big thing in the market and have left no stone unturned in doing so.
CEO and Founder of Digital Currency Group, Barry Silbert, had launched an advertisement that took a dig at Gold and started the #DropGold campaign in an attempt to urge conventional investors to invest in Bitcoin, the ‘Digital Gold.’ Silbert claimed that the campaign aimed at attracting millennials to invest in Bitcoin, rather than Gold.
Gold, being the oldest store of value before the arrival of cryptocurrency, drove people to be reluctant about investing in BTC. This was a common notion among seasoned conventional investors in Gold, who put up a good fight against the king of cryptocurrency.
This debate has brought to light both the pros and cons of Bitcoin and Gold. While BTC has proven itself with respect to being a mode of payment, its volatility is unpredictable. Gold, on the other hand, is seen by many as a safer investment.
The post Bitcoin [BTC] trumps gold as choice of store of value among millennials, says President of ETF Store appeared first on AMBCrypto.
Source: AMB Crypto

The Abyss Platform Offering UE4 Licensing Program to Partner Developers

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The Abyss Platform Offering UE4 Licensing Program to Partner Developers
With Epic Games’ Unreal Engine 4 (UE4 ), game developers will receive better business terms if they deploy their titles on The Abyss. The Abyss rewards game devs for purchases made on the platform.
The Abyss Platform Offering UE4 Licensing Program to Partner Developers

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Source: CoinSpeaker

Bitcoin Price & Technical Analysis: BTC Correcting, and No Wonder

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Bitcoin Price & Technical Analysis: BTC Correcting, and No Wonder
The flagship crypto is correcting and trading around $7,578.27 Thursday.
Bitcoin Price & Technical Analysis: BTC Correcting, and No Wonder

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Source: CoinSpeaker

Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks

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Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks
On May 22 Coinme has expanded its services up to 2,200 Coinstar kiosks around 21 states of the USA. The digital currency kiosks are located in the grocery shops and allow to buy Bitcoins in the simplest way.
Coinme Now Lets Consumers Buy Bitcoin at More Than 2,200 Coinstar Kiosks

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Source: CoinSpeaker

Cryptopia: New Zealand Court grants 10 extra working days to present its first liquidators report

Cryptopia, the defunct New Zealand cryptocurrency exchange, announced that there was an update with regard to the first liquidation report. The exchange stated that the New Zealand Court grated the platform ten extra days to present the report, with the date now scheduled to 4th June 2019.
The exchange stated on its official Twitter handle,

“The New Zealand Court has granted a 10 working day extension on the initial Cryptopia Ltd Liquidators report. It is now due on 4 June and will be available on the New Zealand Companies website when it is submitted”

Sean Crypto Phillips, a Twitter user stated,
“I hope that the liquidators understand that the coins are funds held in trust, not general assets of Cryptopia, so should be returned in full and without conversion. Also, I will be interested in any news of recovery from amounts sent to Huobi, although my balance was intact.”
Currently, the exchange’s website continues to be under maintenance, with the site displaying the press release pertaining to the liquidation process. According to that announcement, the liquidation process is handled by David Ruscoe and Russell Moore, representatives of Grant Thornton.
The exchange had decided to take this path because of the security breach that occurred earlier this year in January. Notably, the exchange fell victim to two attacks with the hacker gaining control over all of its Ethereum funds. At present, “the liquidators are focusing on securing the assets for the benefit of all stakeholders.” The investigation conducted by Grant Thornton was reported to take months instead of weeks, with the first report set to be released in the coming month.
Aside from this, the exchange also made headlines when the attacker had started to move the stolen Ethereum funds to different wallets and exchanges, which includes Huobi and EtherDelta. Huobi, a leading centralized exchange, released a statement concerning this incident on its official social media handle. The platform stated that the stolen funds were automatically detected by its system, following which it was immediately frozen.
The post Cryptopia: New Zealand Court grants 10 extra working days to present its first liquidators report appeared first on AMBCrypto.
Source: AMB Crypto

Huawei Can Get Its OS Ready by This Fall, But There are Still Issues

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Huawei Can Get Its OS Ready by This Fall, But There are Still Issues
Huawei’s own operating system for smartphones and laptops could be ready for use in China by fall this year. Richard Yu, CEO of Huawei’s consumer business said an international version of the operating system could be ready in 2020.
Huawei Can Get Its OS Ready by This Fall, But There are Still Issues

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Source: CoinSpeaker

SIX Stock Exchange Set to Introduce a Swiss Franc-Pegged Stablecoin

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SIX Stock Exchange Set to Introduce a Swiss Franc-Pegged Stablecoin
SIX is going to create its own Swiss franc-pegged stablecoin that will help to facilitate transactions on the SIX Digital Exchange (SDX).
SIX Stock Exchange Set to Introduce a Swiss Franc-Pegged Stablecoin

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Source: CoinSpeaker

Bitcoin [BTC]: Binance research hints at ‘disruption with trading pairs’ as BTC pairs lose 38.9% market share

Binance exchange, even after its fair share of problems, has managed to retain its reputation throughout the cryptoverse. The cryptocurrency exchange recently released a research report that detailed the comeback of fiat-backed stablecoins, in terms of adoption and trading pair usage. It also highlighted the inevitable rise of many stablecoin-related projects that are aimed towards expanding the use-cases and reach of these coins, beyond USD barriers.
A comparison between the previous year and the current year’s 24 hour Quote Asset volume indicated the growing popularity of stablecoins on Binance.
Source: Binance
Quote asset volumes driven by stablecoins such as PAX, TUSD and USDC on Binance (denoted as USD(S)) recorded a 69% increase in the market share. Interestingly, the share of volume in BNB pairs also doubled during the same time period, making a jump from 0.69% to 1.41%. As a result, BTC pairs have lost almost 40% of its market share. The report attributed this change to the “introduction of several stablecoin pairs with new quote assets and base assets.”
Source: Binance
Out of all the trading pairs, USD Tether (USDT) saw the largest net inflow, with a total increase slightly below
$1 billion. Among the non-USDT stablecoins, USDC was the biggest gainer in circulating supply, seeing
an inflow of nearly 60 million USD in January. Out of other trending stablecoins, GUSD was the only stablecoin not to have an inflow in any of the four months, displaying a continual net redemption trend.
The post Bitcoin [BTC]: Binance research hints at ‘disruption with trading pairs’ as BTC pairs lose 38.9% market share appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin SV: Craig Wright’s legal battles to continue; Peter McCormack to mount legal defense soon

nChain’s Chief Scientist, Craig Wright, who was in the news after sending a barrage of legal notices to those who disputed his Satoshi Nakamoto claims and called him a “fraud,” may now be on the receiving end of one such legal notice. He may be receiving one from WhatBitcoinDid podcaster, Peter McCormack.
Referring to Wright as a “m**her**c*r,” McCormack stated that he is consulting “two of the top legal firms in the world,” and he will be proceeding, presumably, with legal action against Wright “within a week.” This follows the second legal notice that was served to the podcaster at the behest of Wright’s solicitors.
He tweeted,

RE: Craig Wright.
Sorry for the confusion. I have spoken with two of the top legal firms in the world this morning. I will instruct one within a week.
Let’s go get this m**he*fu**er!
— Dr. Peter McCormack (@PeterMcCormack) May 22, 2019
The dispute between the BSV camp and McCormack has been raging for over a month, with legal documents moving back and forth. On April 12, the podcaster first received a letter from Calvin Ayre, the gambling mogul, and Wright, instructing him to withdraw his tweets where he referred to Wright as a “fraud.” The letter also asked McCormack to apologize to the self-proclaimed Satoshi Nakamoto in open court
McCormack had responded,
“I believe that claiming to be Satoshi and promoting a fake version of Bitcoin is fraudulent. I believe this is in the public interest. Let’s go to court.”
Following McCormack’s non-response to Wright and Ayre’s initial legal charge, the duo’s lawyers sent another letter to the podcaster earlier this week. With the passing of the 16 May response deadline, the letter stated that they are “entitled to apply Part 12 of the CPR to request that an order for judgment in default be entered against you.”
The letter added,
“In the event that he obtains such an order, our client will be entitled to apply to the court for (a) an assessment of the damages that you must pay to him, (b) an injunction, (c) an order permitting a statement to be read in open court.”
McCormack initially stated that he “might not contest” the legal challenge against Wright since he did not want to give the nChain Chief Scientist any “satisfaction.” This led to a wave of criticism against the podcaster for his backtracking, with CNBC’s Ran NeuNer asking, “Is that what they teach you in Bedford?”
However, it now looks like McCormack is up to the legal challenge and is in pursuit of the right lawyers to do so.
Wright made news this week after he filed an application with the US Copyright Office to lay claim to the Bitcoin whitepaper and software. The US Copyright Office responded that his claim was in the “examination process.” However, since it is in connection with a pseudonym, they will not “investigate whether there is a provable connection between the claimant and the pseudonymous author.”
The post Bitcoin SV: Craig Wright’s legal battles to continue; Peter McCormack to mount legal defense soon appeared first on AMBCrypto.
Source: AMB Crypto

Coinbase Commerce Enables USD Coin Payments

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Coinbase Commerce Enables USD Coin Payments
Coinbase now enables merchants to accept USD Coin on Coinbase Commerce just like they accept cash in-store. All you need is to sign up. For existing users, no action is required.
Coinbase Commerce Enables USD Coin Payments

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Source: CoinSpeaker

Ethereum Price Analysis: ETH/USD May Break Down $242 Level and Target $227

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Ethereum Price Analysis: ETH/USD May Break Down $242 Level and Target $227
Ethereum price is directly on the demand level of $242, should the Bulls exert pressure to break down the level and the 4-hour candle closes below the level, $227 demand level may be the target.
Ethereum Price Analysis: ETH/USD May Break Down $242 Level and Target $227

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Source: CoinSpeaker