The Bitcoin ecosphere is filled with supporters, but skeptics still abound LeapRate

August 09, 2019 BY Valentina Kirilova

The Bitcoin ecosphere is filled with supporters, but skeptics still abound

There is an old adage that counsels: “Keep your friends close, but keep your enemies closer.” The Bitcoin ecosphere has a hefty share of enthusiasts, zealots, and supporters, but there is also a loud and outspoken group of detractors that includes politicians of high rank, Nobel laureate economists, government officials, and ordinary citizens that profess…

August 08, 2019 BY Valentina Kirilova

Daily Market News: China to steady its currency?

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 8, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Markets Bounce Back: Today’s price action slightly resembles the rally that we’ve experienced earlier this year, when…

Bitcoin Suisse and Worldline partner to expand crypto acceptance at PoS

August 08, 2019 BY Valentina Kirilova

Swiss Crypto Valley is winning the race to attract crypto-centric companies

Although the financial press rarely covers the issue, there is a competitive race, an “arms” race, if you will, taking place across the globe, as various national interests do their level best to attract the greatest and the finest of crypto related enterprises to relocate or set up shop in their locales. The “level best”…

Binance seeks to curb SEC’s hunt for “fraud”

August 08, 2019 BY Valentina Kirilova

Binance hackers start the laundering process again – Funds on the move

The tale of the one and only hack of the world’s largest crypto exchange is back in the news, as hackers began their task of laundering the 7,074 Bitcoins that were stolen back in early May from Binance. Coinfirm, a crypto analytics firm, has been keeping tabs on the various addresses where these coins, now…

August 07, 2019 BY Mariela Naydenova

North Korea stole $2 billion through cyber attacks to fund a weapons buying program

North Korea is making news as, according to a draft report from the United Nations, the country has stolen around $2 billion in a wave of cyber attacks on cryptocurrency exchanges and financial institutions in an effort to fund military weapons program. The report was submitted to the Security Council committee this past week by…

Coinbase crypto exchange expands custodial services in Asia market

August 07, 2019 BY Mariela Naydenova

Coinbase faces a huge negligence lawsuit over mishandling Bitcoin Cash launch

The US-base unicorn, or better yet, the largest cryptocurrency exchange in the US, Coinbase is reportedly facing a negligence lawsuit for not handling the launch of BCH the right way. According to released court documents, US District Judge Vince Chhabria has formally accused the exchange of unfair competition practices and misrepresentation. Bitcoin Cash was launched…

August 07, 2019 BY Valentina Kirilova

Bitcoin regains old form – Blows past $11,200 and now threatening $12,000

Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…

August 07, 2019 BY Valentina Kirilova

Exclusive Interview: Maryanne Morrow on banks, blockchain, and Libra impact

LeapRate Exclusive... Maryanne Morrow is the founder and CEO of 9th Gear Technologies - the only B2B institutional marketplace that enables same day Foreign Exchange (FX) transactions through on-demand payment liquidity. Maryanne brings more than 20 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO…

August 07, 2019 BY Valentina Kirilova

Chinese officials are resurrecting digital action plans after Libra backlash

If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…

August 06, 2019 BY Valentina Kirilova

Swissquote reports record client assets in first half of 2019

Leading online Swiss bank Swissquote Group Holding SA (SWX:SQN) reported net revenues of CHF 112.2 million for the first half of 2019, equaling the high figure posted in the same period of the previous year. Pre-tax profit of CHF 25.1 million was lower YoY. On the strength of a net new money inflow of CHF…

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