Sudden Cyworld Shutdown Puts Clink Crypto Investors at Risk: Report

Sudden Cyworld Shutdown Puts Clink Crypto Investors at Risk: Report 1  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…

Coinbase Custody Announces Support for Maker Governance Voting

Coinbase Custody Announces Support for Maker Governance Voting 2  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…

Samsung Pay Teams Up With RippleNet Member Finablr

Samsung Pay Teams Up With RippleNet Member Finablr 4  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…

Bakkt Is ‘Contributing Factor’ to Bitcoin’s Fall

Bakkt Is ‘Contributing Factor’ to Bitcoin’s Fall 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Major cryptocurrency exchange Binance’s newest research supports the theory that the launch of institutional trading platform Bakkt partly caused Bitcoin to drop 20%. In the latest edition of its markets overview, Binance Research, the exchange’s analytics arm, singled out Bakkt as the principal event which occurred just before Bitcoin’s price slip last week. Binance: Bakkt is a “contributing factor” in Bitcoin’s fall As Cointelegraph reported, Bakkt debuted its Bitcoin futures to much fanfare on Sept. 23. Three days later, BTC/USD plummeted from near $10,000 to under $8,000. Commentators were underwhelmed…

‘Sensitive for Society’ Libra Crypto Has No Launch Date

‘Sensitive for Society’ Libra Crypto Has No Launch Date 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed.  Zuckerberg on Libra: Talking first, rollout second Speaking in an interview with Asia-based news outlet Nikkei on Sept. 26, Zuckerberg appeared to show a rare display of fear in the face of mounting regulatory scrutiny of Libra.  Facebook’s digital currency has come under fire from governments worldwide since its whitepaper appeared several months ago. High-profile regulatory hearings have so far failed to quash the negative reactions; governments fear Libra will undermine…

Bitcoin Price Remains Uninspired at $10,200, Altcoins Go Into Red

Bitcoin Price Remains Uninspired at $10,200, Altcoins Go Into Red 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Friday, Sept. 20 — The price of Bitcoin (BTC) remains largely uninspired and is once again trading sideways around the $10,200 price mark. Market visualization. Source: Coin360 Although BTC is back at trading sideways, Fundstrat Global Advisors co-founder Tom Lee expects this to change with the coming launch of Bakkt and is positive on its ability “to improve trust with institutions to crypto.” The world’s largest cryptocurrency continues to trade flat, with an intraday high of around $10,280, while slowly trading downward to its current trading price of $10,147, showing…

Craig Wright Asks for 30-Day Extension to Delay 500K Bitcoin Payout

Craig Wright Asks for 30-Day Extension to Delay 500K Bitcoin Payout 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Craig Wright, a self-proclaimed inventor of Bitcoin (BTC), has asked for another extension of a deadline to settle his case involving his late partner Dave Kleiman. Wright entered negotiations On Sept. 17, Wright’s attorneys filed a new 30-day extension for all discovery and case deadlines, citing the need to facilitate the ongoing discussions with Dave Kleiman’s estate as the parties have entered “extensive settlement negotiations.” According to the document, Wright’s lawyers and Kleiman’s estate have reached a non-binding agreement to settle the matter and are continuing to negotiate and finalize…

Facebook’s Crypto Launching in H2 2020, Says Libra Association Chief

Facebook’s Crypto Launching in H2 2020, Says Libra Association Chief 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

The head of the nonprofit organization behind Facebook’s Libra digital currency has said the company is committed to launching it and clearing regulatory hurdles. Perez: “We don’t want to be like BlackRock” In an interview with French news magazine Les Echos on Sept. 12, Bertrand Perez, director general of the Libra Association, said the token should appear in the second half of 2020.  The comments came the day France’s economy and finance minister said the country would refuse to allow Libra to operate within its borders.  As Cointelegraph reported, concerns…