Flexa Spreading Their Crypto Payments to Canada

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Flexa Spreading Their Crypto Payments to Canada
Flexa is finally launched outside of the US for the first time ever, which made instant, in-store cryptocurrency payments available to residents of the Great White North, from Yukon to Nova Scotia and from Vancouver to St. John’s.
Flexa Spreading Their Crypto Payments to Canada

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Source: CoinSpeaker

Coinbase Participates in $4.3 Million Funding Round of Crypto Derivatives Platform Blade

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Coinbase Participates in $4.3 Million Funding Round of Crypto Derivatives Platform Blade
Crypto derivatives platform Blade will allow users to trade its perpetual swap contracts in Bitcoin and altcoins with up to 150x leverage. Coinbase, as well as other giants, took part in this funding round.
Coinbase Participates in $4.3 Million Funding Round of Crypto Derivatives Platform Blade

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Source: CoinSpeaker

This Week in Cryptos: Is UK Heading to Crypto Ban?

Key highlights

Blockfi raises $18M Series A
Is UK heading to crypto ban?
India’s tryst with Cryptos
Bitcoin hashrate hit all-time high
Gemini data added to CME indices

Blockfi raises $18M Series A
Venture capitalist continues to show their interest in crypto and blockchain ventures. This week, BlockFi, an innovative wealth management solution for crypto investors has announced today the successful completion of its Series A funding round, amounting to $18.3 million. The investment was led by Valar Ventures, with participation from Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Capital, and others. What’s fascinating here is a new VC has first time made an investment in blockchain. This marks the first major cryptocurrency investment for Valar Ventures, a New York-based VC fund, which previously led Series A rounds in well-known fintech companies such as Transferwise, N26, Qonto, and Petal.
Is the UK heading to crypto ban?
Regulations around cryptos also held the limelight this week. First, news coming from UK where the country’s financial services watchdog has warned potential investors that bitcoin and cryptocurrencies have “no intrinsic value,” with some taking the caution as a signal the country could be moving towards a bitcoin ban.
“This is a small, complex and evolving market covering a broad range of activities,”
said Christopher Woolard, executive director of strategy and competition at the U.K. Financial Conduct Authority (FCA), which oversees London’s huge banking industry. “Today’s guidance will help clarify which crypto-asset activities fall inside our regulatory perimeter,” Woolard added, with the FCA warning: “Consumers should be cautious when investing in such crypto-assets and should ensure they understand and can bear the risks involved with assets that have no intrinsic value.”
India’s tryst with Cryptos
India too saw some developments toward cryptos. Finally, the Supreme Court of India commenced final arguments pertaining to a slew of cryptocurrency cases pending for the last couple of years. The court did hear the case in detail, it couldn’t complete the hearing and now will continue with the final hearings of IAMAI and other petitioners on RBI-related case on August 14. In its arguments, the IAMAI counsel termed the RBI decision, “arbitrary, unfair and unconstitutional”. The council also cited the response to an RTI filed by lawyer Varun Sethi where the RBI had accepted that no committee was constituted to arrive at the decision to ban a crypto entity from banking solutions
Bitcoin hash rate hit an all-time high
This week Bitcoin network showed signs of growing from strength to strength. The hash rate which is the equivalent of network horsepower just reached another milestone. Hash rate in simple terms is the speed at which computers on the network operate. For miners, the higher the better, as it increases the chances of completing the mathematical problem to solve the block and collect the resultant block reward.
Gemini data added to CME indices
Winklevoss twins had another victory to its name. Market data from the Winklevoss twins-founded crypto exchange Gemini is being added to eight crypto indices offered by CF Benchmarks. Formerly called Crypto Facilities, CF Benchmarks’ eight reference products include four indices and reference rates provided for CME Group, which currently offers a bitcoin futures product: the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index, and the CME CF Ether-Dollar Reference Rate and CME CF Ether-Dollar Real-Time Index. CF Benchmarks said Thursday that the addition of Gemini as a data source, alongside existing exchanges Bitstamp, Coinbase, itBit, and Kraken, will boost the quality of market data underlying the indices.
The post This Week in Cryptos: Is UK Heading to Crypto Ban? appeared first on Coingape.
Source: CoinGape

KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract

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KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract
The IDG-backed cryptocurrency trading platform KuCoin recently launched its affiliate derivatives platform – KuMex initiating a ceaseless Bitcoin contract leveraging to the tune of 20x.
KuCoin Derivatives Platform KuMex Kicks Off with a 20x Leverage on Bitcoin Perpetual Contract

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Source: CoinSpeaker

Flexa Integration Makes Litecoin Payments Possible At Over 39,000 Merchant Locations

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Flexa Integration Makes Litecoin Payments Possible At Over 39,000 Merchant Locations
Flexa adds support for Litecoin on its payments network allowing users to pay in the cryptocurrency at the point-of-sale terminals at different merchant locations.
Flexa Integration Makes Litecoin Payments Possible At Over 39,000 Merchant Locations

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Source: CoinSpeaker

Gemini Set to Trade Crypto Securities, Applies for Broker License from FINRA

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Gemini Set to Trade Crypto Securities, Applies for Broker License from FINRA
Gemini, the Winklevoss brother owned cryptocurrency company, has recently applied for a FINRA broker-dealer license. This is a healthy step towards allowing their customers to lawfully swap digital securities.
Gemini Set to Trade Crypto Securities, Applies for Broker License from FINRA

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Source: CoinSpeaker

This Week in Cryptos: Gemini Opens Chicago Office While Square’s Cash App Goes Bitcoin

Key highlights

Cash App adds Bitcoin deposits
LedgerX to settle futures in physical BTC
Henry Kravis backs crypto fund
Gemini opens Chicago office
Amun launches Bitwise 10 ETP
Samourai Wallet releases CoinJoin

Cash App adds Bitcoin deposits
This week, Bitcoin deposits found a new home. San Francisco-based payments company Square has just made bitcoin (BTC) deposits available on its Cash App. This move, now allows Cash App users to deposit bitcoins from external wallets into their app bitcoin address. According to Square’s announcement, deposits are limited to $10,000 worth of bitcoin in a seven day period. It also notes that transfers could take several hours to be confirmed on the blockchain.
LedgerX to settle futures in physical BTC
LedgerX moved another step in its offering. This week The Commodity Futures Trading Commission (CFTC) has cleared bitcoin derivatives provider LedgerX to offer physically settled bitcoin futures contracts. The regulator said it has approved LedgerX’s application for a designated contract market (DCM) license, meaning the company can now offer the new futures contracts. LedgerX is the second company to receive approval to offer physically settled bitcoin futures; other firms, such as Intercontinental Exchange’s Bakkt, Seed CX and ErisX plan to enter this market.
Henry Kravis backs crypto fund
Another “Big Guy” Billionare moves to crypto. Billionaire investor and philanthropist Henry Kravis has finnaly decided to get his hands on crypto as it is believed that he has invested in a cryptocurrency fund offered by ParaFi Capital. Looks like Henry Kravis, who is co-founder of global investment firm KKR & Co, has laid his trust on his former employee Ben Forman, who happens to be ParaFi founder and CIO.
Gemini opens Chicago office
Gemini exchange this week announced its new office. And it Chicago. Headquartered in New York, Gemini adds its new Chicago office to their existing office in Portland, Oregon, Gemini co-founder Tyler Winklevoss wrote in a Medium post. According to the statement, Gemini’s Chicago office will act as an engineering hub and reflects the company’s goal of providing a “safe and reliable institutional-grade infrastructure” for trading and storing crypto.
Amun launches Bitwise 10 ETP
This week, Amun added another product to its arsenal. According to the news coming from Swiss, waters is that a new exchange-traded product (ETP) has been launched on Switzerland’s top stock exchange SIX by Bitwise (cryptocurrency asset manager) and Swiss fintech company Amun AG. Called as “The Bitwise 10 Select Large Cap Crypto Index” has been licensed to Amun AG by Bitwise which is expected to be the benchmark index for the latest ETP product – “Amun Bitwise Select 10 Large-Cap Crypto Index ETP” including the ticker symbol KEYS.
Samourai Wallet releases CoinJoin
Samourai Wallet had up its game in the privacy offering segment. This week the wallet released Privacy-Enhancing CoinJoin Beta Feature called the Whirlpool. The company previously said that Whirlpool would be released to operate on Dojo, a much-awaited bitcoin node built to work with the wallet. For people who may not know. CoinJoin is a process of anonymization that utilizes various privacy-enhancing software tools.
Note: This article is the rework of the thoughts put forward by Anthony Pompliano.
The post This Week in Cryptos: Gemini Opens Chicago Office While Square’s Cash App Goes Bitcoin appeared first on Coingape.
Source: CoinGape

Wright gives no proof for ‘Satoshi’ claims, Blockchain Association takes charge of ‘Defend Crypto’, and more

Crypto News – 29 June – Craig Wright fails to provide proof for ‘Satoshi Nakamoto’ claims, Ripple’s MoneyGram partnership talks about new advantages and more Don’t forget to follow us for our daily videos#CraigWright #ripple #SatoshiNakamoto #Cryptonews pic.twitter.com/cyRGEfRCKa — AMBCrypto (@CryptoAmb) June 29, 2019 Crypto News – 29th June What’s in a name: Was Libra […]
The post Wright gives no proof for ‘Satoshi’ claims, Blockchain Association takes charge of ‘Defend Crypto’, and more appeared first on AMBCrypto.
Source: AMB Crypto

SEC Accepting Public Comments to Decide the Future of ETF Backed by Bitcoin and T-Bills

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SEC Accepting Public Comments to Decide the Future of ETF Backed by Bitcoin and T-Bills
The proposed rule change will allow Wilshire Phoenix Fund to list shares of ETF on NYSE Arca. SEC has declared that the public can comment on the aforementioned matter within 21 days’ time period.
SEC Accepting Public Comments to Decide the Future of ETF Backed by Bitcoin and T-Bills

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Source: CoinSpeaker

Bitcoin Price Could Hit $62K This October, Says Analyst

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Bitcoin Price Could Hit $62K This October, Says Analyst
Here’s how the analysts are predicting higher targets for Bitcoin price based on the strengthening technical charts, growing fundamentals, and higher institutional participation.
Bitcoin Price Could Hit $62K This October, Says Analyst

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Source: CoinSpeaker

Tether is ‘Extremely Healthy,’ despite irregularities and controversies, claims Longhash report

Since half of 2019 has passed by, we can now gain a firm perspective on the cryptocurrency market’s trends over the past six months. Bitcoin is up over 140 percent, crypto-exchanges are still vulnerable and on the face of it, Tether is still mired in controversy. Closing last year with allegations of a lack of […]
The post Tether is ‘Extremely Healthy,’ despite irregularities and controversies, claims Longhash report appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Exchange Gemini On the Rise After CBS Airs Bitcoin Feature

On Sunday morning, the American public got another boost of exposure to Bitcoin (BTC) and crypto assets. Renowned New York-based outlet CBS released an extensive feature on the leading cryptocurrency, interviewing the Winklevoss Twins about their involvement in the space.
As a result, the twins’ brainchild, Gemini, has gained some exposure, just as BTC has surged past $9,000 in a jaw-dropping turn of events.
>Related Reading: Crypto CEO: Launch of Facebook Libra Could Boost Bitcoin (BTC) Past $10,000
Bitcoin Boosted by CBS
On Sunday morning (Father’s Day), CBS aired an eight-minute segment on Bitcoin — the latest time a mainstream outlet has discussed the matter in depth. During the episode of the fittingly-named “Sunday Morning”, CBS contributors sat down with Tyler Winklevoss, Cameron Winklevoss, and Ben Mezrich (author of the “Bitcoin Billionaires”).

Bitcoin coming to @CBSSunday tomorrow, w/ @winklevoss, @tylerwinklevoss & @benmezrich https://t.co/lABzUJilyO
— Barry Silbert (@barrysilbert) June 15, 2019

The twins’ early involvement in Facebook and Bitcoin was discussed, with the anchor mentioning that he isn’t surprised that the so-called “Winklevi” have been at the head of two trends: social media and digital money.
Simple Bitcoin concepts were mentioned, with CBS dubbing it “money that works like e-mail” and the twins accentuating that BTC has the potential to surmount gold. The anchor also mentioned Facebook’s impending cryptocurrency. It isn’t clear how many viewers the segment received, but this figure likely ranges in the single-digit millions — not bad.
Interestingly, some have come out to criticize the report, which this writer thinks was mostly balanced. Prominent commentator and staunch Bitcoin bull American HODL remarked that the fact CBS claims BTC is “slippery and incomprehensible” is a bit irresponsible, in that the outlet is pushing “FUD” if you will.
You see, as HODL explains, “just because you can’t comprehend it, doesn’t mean everyone can’t. Believe it or not, some of us actually get what’s happening here.”

CBS news: bitcoin is slippery and incomprehensible.
Just because you can’t comprehend it, doesn’t mean everyone can’t. Believe it or not some of us actually get what’s happening here.
Low IQ. High time preference. A recipe for a terrible life.
— AMERICAN HODL (@MericanHodl) June 16, 2019

Gemini on the Rise
Seemingly as a direct result of this extensive report and Bitcoin rallying past $8,800 and $9,200 in rapid succession, regulated crypto exchange Gemini, which the Winklevoss Twins founded, has seen a nice spike in interest from the American public.
As spotted by twin Cameron, the Gemini mobile app is “about to break into the top 20” in the Apple App Store for “Finance” applications.

Bitcoin broke $9,000 and the @Gemini mobile app is about to break into the top 20 in the App store for #Finance apps! pic.twitter.com/qjMudEUrzX
— Cameron Winklevoss (@winklevoss) June 16, 2019

This follows news that the Bitcoin-friendly Square Cash is on the top of the App Store, and the terms “Blockchain” and “Coinbase” have trended on the marketplace’s search bar.
Mainstream Exposure is Back for Crypto
This comes shortly after CBS’ “60 Minutes”, a world-renowned television program known for tackling tough issues and covering key trends, covered Bitcoin.
In that segment, hosted by legendary television personality Anderson Cooper, CBS met with Federal Reserve Governor Lael Brainard; MIT Media Lab’s Digital Currency Initiative’s Neha Narula; cryptocurrency entrepreneur Marco Streng, who heads Genesis Mining; the ‘Bitcoin pizza guy’; and BitInstant founder and Winklevoss Twins collaborator Charlie Shrem to gain a fleshed out understanding of the nuances of the industry.
Featured Image from Shutterstock
The post Crypto Exchange Gemini On the Rise After CBS Airs Bitcoin Feature appeared first on NewsBTC.
Source: New feedNewsBTC.com

Libra Coin: Facebook Plans June Revealing for Its Cryptocurrency

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Libra Coin: Facebook Plans June Revealing for Its Cryptocurrency
The new Facebook’s cryptocurrency – likely to be dubbed Libra Coin – should be revealed later this month, said one of their managers adding that a white paper for the token would be published on June 18.
Libra Coin: Facebook Plans June Revealing for Its Cryptocurrency

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Source: CoinSpeaker

Facebook Started Discussions with CFTC Over Its GlobalCoin Initiative

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Facebook Started Discussions with CFTC Over Its GlobalCoin Initiative
Facebook is in talks with the U.S CFTC to find out whether its GlobalCoin project will fall under the agency’s regulatory requirements.
Facebook Started Discussions with CFTC Over Its GlobalCoin Initiative

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Source: CoinSpeaker

Facebook Reportedly Discussing Its Crypto Plans With Gemini’s Winklevoss Twins

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Facebook Reportedly Discussing Its Crypto Plans With Gemini’s Winklevoss Twins
Facebook is giving an aggressive push to its crypto plans while having a word with crypto exchanges and high-frequency trading platforms. The company plans ahead to make major inroads in the online payments industry.
Facebook Reportedly Discussing Its Crypto Plans With Gemini’s Winklevoss Twins

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Source: CoinSpeaker