Major US Crypto Exchange Coinbase Appoints New Vice President Dan Yoo

Major US Crypto Exchange Coinbase Appoints New Vice President Dan Yoo 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Major United States-based crypto exchange and wallet provider Coinbase has appointed Dan Yoo as its new vice president, industry-focused media outlet Coindesk reported on Sept. 10. At Coinbase, Yoo will be replacing Emilie Choi, previously vice president of business, data and international promoted to its chief operating officer at the company. Yoo will work on Coinbase’s business operations, business and corporate development and the data team. “Not a crypto expert” Commenting on the appointment, Yoo ostensibly said: “Coinbase is a very data-driven company. As part of this role, I’ll be…

Crypto News From Japan: Sept. 2–8

Crypto News From Japan: Sept. 2–8 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Japan, one of the leading markets for cryptocurrencies, has seen a series of important developments for the cryptocurrency and blockchain industries this week. The country’s financial regulator, the Financial Services Agency (FSA), has licensed crypto-related businesses. Japanese Deputy Prime Minister and Finance Minister Taro Aso noted that regulators need to find new approaches to address emerging technologies like cryptocurrencies and blockchain. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph Japan. Deputy Prime Minister addresses regulation approaches On Sept. 5, Minister Aso…

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’

Binance Joins Forces With Paxos to Launch USD-Backed Stablecoin ‘BUSD’ 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Binance, the biggest crypto exchange by volume, and digital asset trust company Paxos announced its partnership to launch a USD-backed stablecoin, which has received approval from the New York State Department of Financial Services (NYDFS) Binance USD available later this month In a press release shared with Cointelegraph on Sept. 5, Paxos co-founder and CEO Asia Rich Teo shared that the NYDFS’s approval of the stablecoin Binance USD (BUSD) is a vital step towards long term stability in global crypto markets. He continued by saying: “We are proud that our…

Police Seize $15K Crypto Thief After He Mistakenly Disclosed Identity

Police Seize $15K Crypto Thief After He Mistakenly Disclosed Identity 4  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Connecticut police caught a man who had stolen over $15,000 worth of digital currency in a mobile phone theft after he mistakenly sent an apology email to a detective heading the investigation. Back in April, a Connecticut resident fell victim to a cryptocurrency theft by New Jersey citizen Darren Carter, wherein the latter swiped the victim’s mobile phone and allegedly transferred $15,472 worth of crypto from their Coinbase account. Carter subsequently converted the funds to U.S. dollars that he transferred to his PayPal account, New Jersey-focused news outlet NJ.com reported…

Telegram to Launch TON Blockchain Public Testing on Sept. 1

Telegram to Launch TON Blockchain Public Testing on Sept. 1 5  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Telegram Open Network’s (TON) blockchain public testing will launch on Sept. 1, according to one of the investors. On Aug. 28, Russian news outlet Vedomosti quoted an anonymous TON investor claiming to have learned this information from the development team, and the head of one of the companies that participated in the testing so far. According to the outlet’s sources, TON’s node software and all relevant documentation would be released to the public on Sept. 1. This first version of the blockchain is already expected to feature sharding and various…

World’s 3rd Richest Man Denies Involvement in Belgian Crypto Firm

World's 3rd Richest Man Denies Involvement in Belgian Crypto Firm 6  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Bernard Arnault, the world’s third richest man, has denied his involvement in setting up a new Belgian crypto trading company Abesix Belgique. Arnault was reported to be a co-founder of Abesix by Belgian business publication De Tijd on Aug. 28. Subsequently after the publication of the article, De Tijd posted an update that Arnault has formally denied the report. According to De Tijd, Abesix would trade in six major cryptocurrencies, including Bitcoin, Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC) and Dogecoin (DOGE). According to information acquired by De Tijd,…

Crypto News From Japan: Week in Review

Crypto News From Japan: Week in Review 7  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Japan is a friendly jurisdiction for cryptocurrency trading and development, having eliminated the consumption tax on Bitcoin (BTC) trading in 2017, after which it recognized the coin as legal tender. This week in Japan, a crypto exchange that was hacked earlier this year has closed its doors, while the central bank has come out as bullish on blockchain technology. The Bank of Japan is keen on blockchain tech Japan’s central bank, the Bank of Japan, is bullish on blockchain technology and is purportedly unconcerned with cryptocurrencies as a source of…

How Facebook’s Libra Has Been Influencing Crypto, Politics and Finance

How Facebook’s Libra Has Been Influencing Crypto, Politics and Finance 8  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development.  First, top crypto exchange Binance announced a project called “Venus” — coincidentally, another astrology-themed name — which will focus on developing “localized stablecoins” worldwide; the People’s Bank of China (PBoC) said it is almost ready to launch its government-backed digital currency, reportedly admitting that Libra prompted it to speed up; and Erik Finman, ostensibly the youngest Bitcoin (BTC)…

Blockchain Firm TZero Adds Ravencoin to Supported Cryptocurrencies

Blockchain Firm TZero Adds Ravencoin to Supported Cryptocurrencies 9  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

Blockchain company tZero added Ravencoin (RVN) to the list of cryptocurrencies supported by its tZero Crypto cryptocurrency wallet and trading app. Ravencoin now supported on the tZero app TZero announced in a press release published on Aug. 20 that Ravencoin will be joining Bitcoin (BTC) and Ether (ETH) among the cryptocurrencies supported by its trading and wallet tZero Crypto app, available for iOS and Android devices. Per the release, the company submitted the updated iOS app supporting the crypto asset to the store yesterday, while the update for the Android…

LTC Founder Charlie Lee Discloses Investment in BTC Development Firm Casa

LTC Founder Charlie Lee Discloses Investment in BTC Development Firm Casa 10  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

On Aug. 16, Litecoin (LTC) founder Charlie Lee disclosed in a tweet that he is “an investor in Casa,” a Bitcoin (BTC) personal key security firm. He also noted that he has high hopes for the company: “I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use and that is extremely important for this space. Looking forward to great things!” A notable hire The tweet was posted in response to Casa…