Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report

Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report United States-based payments firm Square’s Cash App has reportedly blocked the personal account of the founder of controversial social media site Gab, according to a tweet from Gab Jan. 8. The move was reported just after Gab announced that the firm had sent an email…

Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech

Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8. Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary of Telenor — and Telenor’s Easypaisa have jointly launched a blockchain-based international remittance…

Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control

Ethereum Price Analysis: ETH Consolidating, Buyers Could Take Control Key Highlights ETH price stayed above the $146 support and later recovered against the US Dollar. There is a connecting bearish trend line formed with resistance at $154 on the hourly chart of ETH/USD (data feed via Kraken). The pair could climb quickly if buyers clear…

Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’

Litecoin’s Charlie Lee: Decentralized Crypto ‘Must Be Susceptible to 51% Attacks’ A decentralized cryptocurrency is by definition vulnerable to 51 percent attacks, the creator of Litecoin (LTC) Charlie Lee stated in a tweet Jan. 7. In the wake of recent news about unusual mining activity on the Ethereum Classic (ETC) network — which many continue to refer to as a 51 percent attack…

Japan Eyes Regulation of Unregistered Crypto Investment Schemes

Japan Eyes Regulation of Unregistered Crypto Investment Schemes Japan’s financial regulator is reportedly looking to close a legal loophole that lets unregistered investment firms solicit funds in cryptocurrencies rather than cash. According to a report from Sankei Shimbun on Tuesday, Japan’s Financial Service Agency (FSA) is planning revisions to bring such schemes under the country’s Financial Instruments…

Euro Exim Bank Taps Ripple’s xRapid for Cross-Border Settlements

Euro Exim Bank Taps Ripple’s xRapid for Cross-Border Settlements Euro Exim Bank, a London-based bank primarily focused on providing financial services for export and import companies, will become the first bank to publicly announce it is using the XRP cryptocurrency for cross-border payments. Ripple announced Tuesday that Euro Exim Bank, alongside payment startups JNFX, SendFriend, Transpaygo and…

Cryptocurrency Bear Market Pressures Shapeshift into Layoffs

Cryptocurrency Bear Market Pressures Shapeshift into Layoffs The ongoing cryptocurrency bear market appears to have claimed yet another victim. The latest digital currency-related firm to announce a restructure is exchange platform Shapeshift. According to a Medium post by the company’s CEO, 37 of Shapeshift’s employees have been laid off. This represents around one third of the staff at the cryptocurrency…

Data Suggests That Bitcoin Is Seeing Increasingly Bullish Sentiment

Data Suggests That Bitcoin Is Seeing Increasingly Bullish Sentiment Although many investors and analysts alike were disappointed that Bitcoin and the overall cryptocurrency markets did not end 2018 on a high note, the markets may be seeing increasingly bullish sentiment from traders and investors alike, according to new data. If Bitcoin’s price does begin climbing…

Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter

Australian Federal Court Imposes Travel Ban, Fund Freeze on Bitconnect Promoter The Federal Court of Australia has imposed a travel ban and frozen the funds of John Bigatton, a promoter of reported $2.6 billion Ponzi scheme Bitconnect, daily newspaper The Sydney Morning Herald reports on Jan. 5. Bigatton is reportedly listed as a director and shareholder of BitConnect International Plc and…

Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility

Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility Crypto and blockchain company Ripple has reported today, Jan. 8, that 13 new financial institutions have signed up for the RippleNet payment network, bringing the total number of customers over 200. The new institutions range from locations including Sweden, England and Kuwait, with 40 countries in total across all…

KodakOne Blockchain Beta Test Sees $1 Mln in Content Licensing Claims

KodakOne Blockchain Beta Test Sees $1 Mln in Content Licensing Claims KodakONE — the developer of a blockchain-based image rights platform licensed by photographic industry giant Kodak — has reportedly generated over $1 million in licensing claims for image rights during a limited beta test of its platform. The news was reported by blockchain news source Breaker Mag…

Ethereum Miner Linzhi Calls Out Project Coders for Proposed ASIC Ban

Ethereum Miner Linzhi Calls Out Project Coders for Proposed ASIC Ban Shenzhen-based miner manufacturer Linzhi has published a statement in response to a “tentative” decision, made by ethereum developers Friday, to block specialized hardware, or ASICs, from securing the platform in exchange for rewards. This would involve the implementation of “ProgPoW” in an upcoming upgrade, a code…