Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend

Bitcoin Falls Under $7,900 as US Stock Market Sees Minor Uptrend 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Wednesday, May 22 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls under the $7,900 mark again. Market visualization courtesy of Coin360 Bitcoin is down over .5% on the day, trading at $7,850 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is down over 1.83%. Bitcoin 7-day price chart. Source: CoinMarketCap This week, Cointelegraph reported that CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for…

New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction

New York Supreme Court Grants Bitfinex’s Motion to Modify Injunction 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Justice Joel Cohen of the New York Supreme Court has granted the Bitfinex cryptocurrency exchange’s motion to modify an injunction from the New York Attorney General (NYAG), Bitfinex announced on May 16. Per the announcement, the court order will allow Bitfinex and affiliated stablecoin operator Tether to continue their normal business. It also states that the original injunction by the NYAG will expire in 90 days and that any motion to renew will be the responsibility of the NYAG. Cohen wrote in his decision: “…the Court finds that the preliminary…

HTC’s Blockchain Phone | Native Crypto Wallet Now Available

HTC's Blockchain Phone | Native Crypto Wallet Now Available 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday. Exodus 1 Blockchain Phone – Native Wallet Trading HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result of a partnership with Kyber Network—a dedicated platform for cross-token trading solutions. HTC has added Kyber’s liquidity protocol and this allows easy swaps. The swapping pairs include Ethereum-based ERC-20 tokens, including basic attention token (BAT), Kyber…

Three French Banks Join R3 Corda Blockchain-Based Loans Platform

Three French Banks Join R3 Corda Blockchain-Based Loans Platform 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

British financial software firm Finastra has signed three global banks on its R3 Corda blockchain-based syndicated loans platform, the firm officially announced on May 14. France-based banking institutions BNP Paribas, Natixis, and Societe Generale have officially joined Finastra’s syndicated lending platform Fusion LenderComm, following previous pilots back in 2017. Based on blockchain consortium R3’s open source blockchain platform Corda Enterprise, Finastra’s Fusion LenderComm reportedly enables banks to instantly share credit agreements, accrual balances and position data to lenders. Cécile Bartenieff, Chief Operating Officer of Global Banking and Investor Solutions at…

HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity

HTC to Launch EXODUS 1s, Smartphone With Full Node Capacity 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Electronics company HTC has announced that it is launching a smartphone to bring crypto and blockchain technology to a wider audience in Q3 2019. According to a press release shared with Bitcoin Magazine, “The EXODUS 1s will be the first smartphone ever to have full node capabilities” containing the full Bitcoin blockchain. “With the EXODUS 1, we gave people the power to own their own keys, now we’re giving people the power to run their own node,” Phil Chen, decentralized chief officer at HTC, told Bitcoin Magazine. “It’s about building…

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies

Joseph Stiglitz Thinks We Should Ban Cryptocurrencies 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Most people know who Joesph Stiglitz is. Some know him as the 2001 recipient of the Nobel Memorial Prize in Economic Sciences; others know him as a vocal cryptocurrency bear. This week, Stiglitz is getting a lot of attention for the latter. In a May 6 interview with CNBC, Stiglitz said we should shut down cryptocurrencies. Here’s everything we know. Joseph Stiglitz on Cryptocurrencies: The Latest This week, of course, is not the first time Joseph Stiglitz, 76, has discussed cryptocurrencies in a negative manner. Back in November 2017, Stiglitz…

Moscow Student Councils Plan to Pilot Blockchain E-Voting in June

Moscow Student Councils Plan to Pilot Blockchain E-Voting in June 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Authorities of Moscow are planning to pilot blockchain-based electronic voting in university student council elections in late June 2019, establishing methods that the city’s mayoral election may be next to apply, Russian news agency TASS reported on May 6. According to the report, the project is set to be tested with the support of the Moscow Department of Information Technology (DIT) and the Moscow City Election Commission (Mosgorizbirkom). DIT deputy head Artem Kostyrko revealed that technical specifications for the pilot program will go to Mosizbirkom in mid-May for approval. Once…

Facebook Partners with E-Commerce Companies to Support Crypto Payment

Facebook Partners with E-Commerce Companies to Support Crypto Payment 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The Wall Street Journal has reported that Facebook is in talks with various e-commerce companies and financial firms to support its crypto payment that is under development. So far Facebook has engaged MasterCard and Visa about the project that is known as Project Libra. Crypto Payment Facebook is expected to commit $1 billion to the development of crypto payment. The company has approached various e-commerce companies to invest in its crypto payment feature and be a partner of the network. Paying via crypto will not be limited only to Facebook…

Crypto ATM Operator CoinFlip Postpones Tether Stablecoin Listing

Crypto ATM Operator CoinFlip Postpones Tether Stablecoin Listing 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Cryptocurrency automated teller machine (ATMs) operator CoinFlip has postponed support for the  stablecoin tether (USDT). The company announced the development in a tweet on May 1. CoinFlip initially revealed that it will start listing Tron-powered stablecoin USDT at over 180 CoinFlip’s ATMs on April 30. However, in about 24 hours CoinFlip posted an update, saying that it has postponed USDT listing “until a later time.” The company noted in the tweet that it will still work together with Tron to provide customers with the cash-to-tron option. Commenting on the company’s…

Bitcoin News Summary – April 29, 2019

Bitcoin News Summary - April 29, 2019 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Here’s what happened this week in Bitcoin in 99 seconds. Crypto payments processor, Moon, announced a new Chrome browser extension which will allow Amazon purchases via Bitcoin’s Lightning Network. Coinbase account holders will also be able to pay via Bitcoin’s base layer, Ethereum, Litecoin, and Bitcoin Cash. A survey of South Koreans revealed that 7.4% of the country’s population owns some form of crypto. South Koreans own an average of over $6,000 worth of crypto, which is a 64% annual increase. People in their 50s hold the largest crypto balances.…