Friday, July 19, 2019
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Crypto Wallet’s Browser Offers Thousands of DApps in One Place

sponsored A mobile crypto wallet has added a DApp browser, enabling users to access thousands of decentralized services in one place. A mobile crypto wallet has announced that users can now effortlessly access thousands of decentralized applications (DApps) directly through its platform. Lumi Wallet says its motivation is to create a one-stop-shop for crypto enthusiasts — a whole ecosystem focused on convenience and simplicity. At the heart of this strategy has been an ambition to streamline the process of downloading DApps. According to Lumi Wallet, it was driven to act after seeing how frustrating the experience can be for smartphone and tablet owners. Not only do individual pieces of software take up a lot of precious memory, but it can be time-consuming and arduous to download them — clogging up home screens. Now, Lumi says it wants to make the decentralized web a straightforward and enjoyable place to spend time — enabling users to become more productive. Through its DApp browse..

Bitcoin an ‘Unstoppable Force,’ US Congressman Tells Crypto Hearing

Patrick McHenry warned lawmakers that they would ultimately fail if they attempted to control decentralized cryptocurrencies. Bitcoin’s (BTC) plight in Congress has seen attention focus mainly on naysayers, but this week’s hearing also saw United States politicians accept it was always beyond their control. ‘Governments cannot stop this innovation’During testimony on July 17, U.S. Congressman Patrick McHenry, who represents North Carolina’s 10th District, told lawmakers directly that attempts to stop Bitcoin were futile. “The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force,” he said. McHenry runs in sharp contrast to other Congressmen making the headlines over Bitcoin, with Brad Sherman again gaining the spotlight after making dubious claims about cryptocurrency’s role in crime. Others broadly failed to draw a distinction between Bitcoin and permissioned digital currencies, specifically Facebook’s Libra project..

Crypto Analysts express Caution as Bitcoin (BTC) Crosses $10K in Latest...

Top cryptocurrencies are trading in the green today but still at prices somewhat less than we’ve seen earlier this year. Bitcoin, for instance, just crossed the $10,000 mark – a milestone is reached last month for the first time in 2019. The bitcoin market was braced for a bitcoin price of $15,000 or more this month but here we are revisiting $10,000 from a lower point again. Bitcoin Price Analysis – BTC to USD Name Price24H (%)$10,536.00 10.66% Bitcoin price at the time of writing is $10,393 to the USD. This represents an increase of about 6 percent from BTC price the same time yesterday. Though the day on day difference and hourly analysis for Bitcoin price is positive, the coin is suffering an 11 percent decrease in value in the last week. As bitcoin (and other cryptocurrencies recover), the bitcoin dominance is at 65.2 percent of the entire cryptocurrency market. Altcoin Price Analysis – Cryptocurrency Price Today Just like bitcoin, other cryptocurrencies are up—NEO leads the top..

Coinbase Drops Its Crypto Bundle Product Without Any Explanation

Major U.S.-based crypto exchange Coinbase has discontinued its crypto investment bundles product, the platform’s updated FAQ site reveals. Major United States-based crypto exchange Coinbase has discontinued its Coinbase Bundle crypto investment offering, the platform’s updated FAQ site reveals. Coinbase Bundle product is no moreReasons for discontinuation of the product — which had only just launched in fall 2018 — have not been officially provided, with the exchange simply notifying users that: “Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Coinbase Bundle have been redistributed to their respective individual asset wallets.” In a further comment, Coinbase says that while users will no longer see a standalone wallet for their Coinbase Bundle purchases, the amount of cryptocurrencies purchased as part of the package will not have changed and is thus “a cosmetic-only change.” Coinbase Bundles has been designed to purportedly simplify cryptocurrency..

Mexican Crypto Exchange Bitso Seals DLT License from Gibraltar Regulator

Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission. Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission (GFSC), a July 19 announcement revealed. An apparent first in Latin AmericaIn what Bitso claims is an apparent first in Latin America, as of August 1, the custody, withdrawals, deposits and trading of cryptocurrencies on its platform will be overseen by the GSFC under a framework specifically evolved to regulate businesses in the distributed ledger technologies (DLT) sector. GSFC’s Distributed Ledger Technology Regulatory Framework — finalized in January 2018 — focuses on ensuring robust consumer protection and security, as Bitso notes. Yet the exchange argues that the framework’s application is “conveyed through the application of principles rather than rigid rules” and is thus fit to keep pace with the pace of innovation in the DLT sphere. The agency’s i..

Israeli Citizen Accused of Stealing Over $1.7 Million in Crypto

A Tel Aviv resident has been arrested and accused of international phishing fraud, using a collection of websites to steal cryptocurrencies. Eliyahu Gigi, a 31-year-old from Tel Aviv, has been charged with stealing over $1.7 billion in a variety of cryptocurrencies. Gigi allegedly stole BTC, Ethereum, and Dash from users in the Netherlands, Belgium, and Germany. Lawyer Yeela Harel of the cyber department in the State Attorney's Office filed charges against Gigi on July 17, according to a report published the same day by Globes. Gigi has reportedly been charged with crimes including theft, fraud, and money laundering, among others. According to the report, Harel’s indictment claims that Gigi set up a network of scam websites to steal crypto through the use of malware. He is accused of using a number of methods to cover his tracks, including employing remote servers and shuffling the stolen funds around through different wallets. Gigi and his brother, a demobilized soldier, were ..

Roubini: BitMEX in Violation of Securities Laws, Crypto a Metastasized Cancer

Nouriel Roubini derided BitMEX as an example of a criminally unregulated crypto exchange, and called for authorities to enforce crypto regulation at large. Economist and anti-cryptocurrency pundit Nouriel Roubini has recently declared that there is “overwhelming evidence of rampant fraud and abuse” in the crypto space. Roubini, a professor at NYU’s Stern School of Business, also took aim specifically at the compliance policies of crypto exchange BitMEX in an essay entitled “The Great Crypto Heist.” The essay was published by opinions publication site Project Syndicate on July 16. According to Roubini, anonymous sources from within BitMex told him that criminals perform a massive amount of money laundering on the exchange: “BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.” Roubini ..

Trump Tweets Crypto Rant — What Is the Bitcoin Reference Really...

President Donald Trump’s mention of cryptocurrencies is historic, but the blockchain industry deserves a more serious conversation... Over the last few years, United States President Donald Trump’s tweetstorms have become a peculiar yet amusing feature of American public life. The president’s off-the-cuff comments have served a wide variety of purposes, from enriching political discourse with the mysterious term covfefe to delivering direct threats — furnished with proper capitalization — to the leadership of the nations deemed U.S. adversaries. The most newsworthy rants almost invariably felt improvised, emotional and reactive. However, the historic series of tweets that constituted the first-ever public comment on cryptocurrencies by a sitting U.S. president didn’t seem to fit the same mold. If anything, the three-prong statement comes across as consistent, strategically timed and unusually well-articulated. It opens with a general critique of cryptocurrencies, then proceeds to exte..

US Chamber of Digital Commerce Onboards Crypto Exchange ErisX

ErisX cryptocurrency exchange has joined the Chamber of Digital Commerce, a blockchain-related advocacy group. The United States Chamber of Digital Commerce has taken aboard cryptocurrency exchange ErisX. Per a press release shared with Cointelegraph on July 18, ErisX has become a member of the Chamber of Digital Commerce, an advocacy group that promotes the digital asset and blockchain industry. ErisX thus joined other heavyweights of the industry such as Fidelity Investments,’s Medici Ventures, enterprise blockchain software firm R3, stablecoin platform TrustToken and professional services company Accenture, among many others. ErisX CEO Thomas Chippas stated: “The Chamber of Digital Commerce and its member initiatives are very much aligned with our objective to improve the digital asset trading and investing landscape. We are pleased they recognize our dedication to help bring mainstream adoption and accessibility to this space through an intermediary-friendly model a..

Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the...

The rise and fall of “dead” сoins — the top-five most famous coins that didn’t survive and why... In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market.This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared over the past couple of years? In 2018, CNBC reported that approximately 800 cryptocurrencies, which appeared as a result of initial coin offering (ICO), can now be called "dead," because they are traded at a price below $0.01. In 2019, this figure continued to increase. Resources that specialize in “dead” cryptocurrencies have launched, such as Deadcoins and Coino..
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