Regulatory ‘Gray Area’ in China

Regulatory ‘Gray Area’ in China 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan. The public nature of this announcement did bring questions to the fore regarding the use of payment channels like Alipay and WeChat for crypto trading. Alipay did, in fact, release statements distancing itself from cryptocurrency trading activities, with Binance later clarifying that it wasn’t working directly with the aforementioned payment…

Telegram Aims to Push Out TON Launch Deadline Ahead of SEC Meeting

Telegram Aims to Push Out TON Launch Deadline Ahead of SEC Meeting 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC). According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020. The launch was initially set for late October when the SEC abruptly declared its $1.7 billion dollar token offering to be illegal. Telegram raised the massive sum for its new network by selling TON’s native Gram (GRM)…

Sudden Cyworld Shutdown Puts Clink Crypto Investors at Risk: Report

Sudden Cyworld Shutdown Puts Clink Crypto Investors at Risk: Report 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

South Korea’s Cyworld social media platform shuttered its services on Oct. 1 without giving any prior notice, English-language local media The Korea Times reported on Oct. 14. What’s more, the website for its Clink (CKCT) crypto-asset has also become inaccessible. In response to the news, local cryptocurrency exchanges supporting Clink, namely CoinZest and BitSonic, are now considering delisting the token. Moreover, some investors who bought Clink are reportedly considering filing a lawsuit against Cyworld and its CEO, Jeon Jae-wan. Great losses are expected for investors Unspecified industry officials reportedly estimate…

Three Candy Stocks With Breakout Potential Ahead of Halloween

Three Candy Stocks With Breakout Potential Ahead of Halloween 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Investors on the prowl for a dividend-paying income stock in a company with a respected brand, solid management and strong fundamentals needn’t look any further than what Halloween has to offer. These three candy stocks might make a welcomed addition to your stock portfolio just in time for the holiday: The Hershey Company, Tootsie Roll Industries, and Rocky Mountain Chocolate Factory. 1. One Hot Candy Stock: The Hershey Company (NYSE: HSY) On Jun. 12, Jim Cramer said: “The company’s relatively new management team has been executing a very smart turn around…

Coinbase Custody Announces Support for Maker Governance Voting

Coinbase Custody Announces Support for Maker Governance Voting 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Coinbase Custody now allows Maker (MKR) holders to participate in the project’s governance without withdrawing their funds. The announcement comes from a Coinbase blog post published on Oct. 11. By implementing the governance feature, Coinbase Custody enables MKR holders to participate in on-chain governance directly on the platform, avoiding the need to withdraw their funds from third-party custodians. This, according to the post, will purportedly attract more participants to the MakerDAO Multi-Collateral Dai (MCD) voting, which is expected on Nov. 15. MakerDAO’s upcoming vote The launch of MCD is expected…

UFC Fighter Ben Askren Shills Bitcoin, Gets Roasted by 'Twitter Geniuses'

UFC Fighter Ben Askren Shills Bitcoin, Gets Roasted by 'Twitter Geniuses' 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Professional UFC fighter and unabashed bitcoin bull Ben Askren took to Twitter yesterday to tell everyone he’s piling up on BTC and challenge the crypto haters. In a fairly confrontational tweet, Askren dared all of the “twitter geniuses” to explain why “crypto is a scam,” resulting in several gibes at his expense. UFC Fighter Gets What He’s ‘Askren For’ There’s a fair bit to unpack here. The responses are a mish-mash of crypto haters ragging on crypto, crypto supporters also ragging on crypto, the odd crypto aficionado actually supporting Askren,…

Dow Futures Slide 100 Points as Elizabeth Warren Edges Near White House

Dow Futures Slide 100 Points as Elizabeth Warren Edges Near White House 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Dow Jones Industrial Average (DJIA) futures fell in early trading Tuesday, pointing to another miserable day on the stock market. Traders appear increasingly nervous about Elizabeth Warren’s momentum as she emerges as the Democratic front-runner going into the 2020 presidential election. One investor joked that “they won’t open the stock market if Elizabeth Warren is the next president.” Well, the prospect grows increasingly likely. Warren now leads Joe Biden in three separate polls and she’s top of the prediction markets by a strong measure. Warren’s aggressive anti-Wall Street policies (such…

Hong Kong Protesters Get Creative to Flout Anti-Mask Ban

Hong Kong Protesters Get Creative to Flout Anti-Mask Ban 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Protesters are finding innovative ways to circumvent the oppressive anti-mask ban which came into effect in Hong Kong on Friday. The emergency law is unprecedented in the city’s China-led history as chief executive Carrie Lam looks for every available tool to quell the unrest. Locals are gathering on social media to post workarounds to the ban, including this clever protest hairstyle tutorial on Twitter: Two people were arrested on Monday morning and charged with illegal mask-wearing. AFP reports that supporters subsequently flooded the courtroom and covered their faces in defiance…

Samsung Pay Teams Up With RippleNet Member Finablr

Samsung Pay Teams Up With RippleNet Member Finablr 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Samsung Pay, the mobile payments service of South Korean tech giant Samsung, has partnered with payments platform Finablr, Ripple’s RippleNet member, to offer cross-border payments feature Money Transfer to its app’s users. Finablr announced the partnership on Oct. 3, claiming that the new feature “offers users seamless and secure cross-border payments to 47 countries through a variety of payout methods, all within Samsung’s native mobile wallet.”  Furthermore, United States-based Samsung Pay’s clients reportedly can use their debit or credit cards to send money via the service. Tokenized credentials Per the…