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Banxa, a full-service, internationally compliant digital banking infrastructure provider, announced it has completed its USD$2 million Pre-IPO investment round. The round was led by OK Group, a world-leading blockchain technology and service provider focused on the research and development of the technology and its all-scenario applications.. The funding round will be used to support Banxa’s … Continue reading Blockchain Services Provider OKGroup Leads $2 Million Pre-IPO Investment Round in Banxa The post Blockchain Services Provider OKGroup Leads $2 Million Pre-IPO Investment Round in Banxa appeared first on CoinSpectator Blog . from CoinSpectator Blog https://ift.tt/2ZlmQqy via IFTTT

Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year. from Cointelegraph.com News https://ift.tt/31xLNBW via IFTTT

Nvidia has filed for the dismissal of a complaint alleging it fraudulently attributed over $1 billion in sales to gaming markets amid the 2017 crypto bubble. from Cointelegraph.com News https://ift.tt/38fF5Sk via IFTTT

The Washington DC Bar Association became the fourth to issue an opinion endorsing crypto as an acceptable form of payment. from Cointelegraph.com News https://ift.tt/3eJFMpo via IFTTT

As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices. from Cointelegraph.com News https://ift.tt/2NGQ0uX via IFTTT

The Ethereum/Bitcoin flippening is more than half complete, according to a new metric. from Cointelegraph.com News https://ift.tt/38kouNo via IFTTT

After stakeholders raised concerns about the Australian Securities Exchange’s blockchain infrastructure plan, it has been postponed until 2022. from Cointelegraph.com News https://ift.tt/31vATfN via IFTTT

Sub-saharan Africa now represents more than $15 million in combined weekly peer-to-peer trade following triple-digit growth over just a few months. from Cointelegraph.com News https://ift.tt/2YPAKSW via IFTTT

Bitcoin price has stalled below $9,200 but on-chain data, investor sentiment, and BTC’s strong quarterly performance are bullish signals. from Cointelegraph.com News https://ift.tt/3gcDXl3 via IFTTT

China is looking into the use of blockchain technology to promote data sharing among medical institutions amid future pandemics. from Cointelegraph.com News https://ift.tt/2VC9VzA via IFTTT

On-chain data shows the total number of Bitcoin whales surpassed a 3-year high above 1,800 over the past 3 months. from Cointelegraph.com News https://ift.tt/3ifA80p via IFTTT

A two-year-old Israeli blockchain startup says it has found a way to cancel crypto transactions if they are sent to the wrong wallet address. from Cointelegraph.com News https://ift.tt/2YIBWaq via IFTTT

The “Mona Lisa of the 21st century” will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says. from Cointelegraph.com News https://ift.tt/3dJugsH via IFTTT

The Incognito privacy project released pKyber, which enables users to hide their activity from the public Ethereum ledger within the Kyber Network. from Cointelegraph.com News https://ift.tt/2BOeq2S via IFTTT

XRP saw a sharp 6% price drop over the past week as the bulls battle to defend $0.175. A break beneath $0.175 would result in XRP unwinding toward the $0.15 level. Against Bitcoin, the disaster continues as it created fresh lows beneath 1950 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.175, $0.171, $0.165. Resistance: $0.185, $0.192, $0.20. XRP/BTC: Support: 1900 SAT, 1890 SAT, 1873 SAT Resistance: 1950 SAT, 2000 SAT, 2070 SAT. XRP/USD: Buyers Battling To Defend .5 Fib Retracement XRP had fallen beneath a descending triangle formation pattern last week, which saw the coin headed lower until it found support at $0.175, provided by a .5 Fib Retracement. It did slip beneath this level, but the buyers are continuously battling to make sure XRP closes above $0.175 each day. A break beneath this support could result in XRP unwinding lower toward the $0.157 support (.618 Fib Retracement). XRP/USD. Source: TradingView XRP-USD Short Term Price Prediction Look...

Binance launched the stablecoin on its own blockchain thanks to a collaboration with Indonesian crypto exchange Tokocrypto. from Cointelegraph.com News https://ift.tt/3dFuVeU via IFTTT

Despite the German-based online payment processor Wirecard filing for insolvency last week, its stock price has surged by 700% in merely a few days. WDI plunged to a bit over 1 EUR and jumped to above 9 EUR earlier today following positive news from the UK’s regulator. Wirecard AG’s Stock Price Roller-Coster The company’s drama began a few weeks ago as its decade-long auditor Ernst & Young was unable to locate 1.9 billion EUR ($2.1bn) in company funds. Shortly after, long-time CEO Markus Braun announced his departure from the firm, and the current Chief Compliance Officer James Freis replaced him as the interim CEO. The situation worsened when Wirecard filed for insolvency , and Braun was arrested in Germany days later. Additionally, the UK Financial Conduct Authority suspended the company’s subsidiary Wirecard Card Solutions, which also issues cryptocurrency debit cards for two firms – Crypto.com and TenX. As these adverse developments occurred in the span of a few weeks, th...

The United Kingdom’s Financial Conduct Authority estimates that roughly 2.6 million U.K. consumers have bought cryptocurrency “at some point.” from Cointelegraph.com News https://ift.tt/2YIR0VG via IFTTT

HDR Global Trading Limited (HDR), the operator of the cryptocurrency derivatives trading platform BitMEX, announced today that financial expert Dr. David Wong has joined the company as a non-executive chairman. Joining HDR will see Dr. Wong working alongside three other board members, including co-founder and CEO Arthur Hayes, co-founder Ben Delo, and co-founder and CTO Samuel Reed. 30 Years Of Financial Experience Per the release shared with CryptoPotato , Wong is a recognized industry leader with over 30 years of experience in the international financial sector. His expertise cuts across the global markets, investment banking, asset management, insurance, and capital market-related businesses. Dr. Wong has held numerous executive roles in some world-class institutions. He once worked as the Deputy Chief Executive of the Bank of China (Hong Kong) Group, where he was responsible for financial market businesses. Wong also held senior roles BOC Group Life Assurance Company and ABN AM...

[Featured Content] Guarda was officially registered in the European Union back in 2017 and has been focusing on building an ecosystem of blockchain-related products ever since. The company has an FIU license under the registration number FVR000109 for virtual currency against fiat currency exchange, and it’s compliant with the regulations of each jurisdiction where it operates. It has an extensive list of products, and it’s among the well-known companies in the field. Its portfolio includes: Guarda Multi-Currency Web Wallet Guarda Multi-Currency Desktop Wallet App Guarda Multi-Currency Mobile Wallet Light Wallet Applications Browser Extension Token Generator Built-in Web-Based Exchange (partners service) Built-in Web-Based Crypto Purchase (partners service) Guarda Wallet The Guarda Wallet is a multi-platform and non-custodial cryptocurrency wallet that supports over 45 networks, including Bitcoin, as well as more than 10,000 tokens on various chains. These include, but...

Experts from the Bank of Canada have released their thoughts on how a digital dollar should be available to all Canadians. from Cointelegraph.com News https://ift.tt/3icidrs via IFTTT

The Spanish Civil Guard arrested multiple people across the country who are allegedly involved in the distribution of child pornography. It was an international investigation on a dark-web case where people used cryptocurrency to pay for illegal content. Scheme Busted Through Cryptocurrency Payments According to a recent report , police in Spain had detected the alleged criminals by following cryptocurrency payments of users who entered the child porn web platforms. In a few operations, specialists have analyzed the movements of the digital assets, which led them to some of the viewers and pilots of the illegal operation. In the so-called Kiru Operation, police caught a man from Madrid, who has allegedly abused his under 16-years old stepdaughter. This part of the case followed an alert from NCMEC (National Center for Missing and Exploited Children in the US), which had come across several photographs and videos with pedophile content. In the Kugantxu operation, investigators trac...

Crypto.com and TenX’s crypto debit cards are usable again as U.K. regulators allow Wirecard to resume “regulated activity." from Cointelegraph.com News https://ift.tt/2BOTEjC via IFTTT

A huge corruption scandal involving Chinese loans backed by fake gold is pressuring its supporters to defend it against unforgeable Bitcoin. from Cointelegraph.com News https://ift.tt/2Vwpw3q via IFTTT

The UK Financial Conduct Authority (FCA) has allowed Wirecard UK to resume payment services. Consequently, the companies handling cryptocurrency debit cards resumed their issuance. Wirecard UK Resumes Regulated Activity Following the missing $2.1 billion of company funds and Wirecard filing for insolvency, the UK FCA, which authorizes and supervises its subsidiary Wirecard Card Solutions, suspended all regulated activities last week. UK’s watchdog argued that the primary objective of these requirements was to protect all customers’ electronic funds. However, it also “had the effect of preventing consumers from withdrawing and making payments with those funds.” On Monday, the regulator published an update on the situation that reads, “the FCE provided written consent to allow Wirecard to resume issuing e-money and providing payment services.” All previously instituted restrictions were lifted at 00.01 on June 30th. Although Wirecard can now operate again with FCA’s permission, t...

The University of California at San Francisco has paid a million-dollar ransom following unsuccessful negotiations with a ransomware hacker group. from Cointelegraph.com News https://ift.tt/2YJFol4 via IFTTT

If you thought that the city of Wuhan was done for 2020, well, think again. Reports have it that at least some of 83 tons of gold bars, used as collateral for loans, turned out to be gilded copper. For more than five years, Wuhan Kingold Jewelry has been getting gold-collateralized loans worth over 20 billion yuan ($2.8 billion) with the fake bars. 83 Tons of Fake Gold Bars According to a report by ZeroHedge , Wuhan Kingold Jewelry Inc., a company founded and operated in Wuhan, China, has received loans for more than 20 billion yuan ($2.8 billion) over the past five years from Chinese financial institutions, mainly trust companies. Here’s where the twist comes. At least some of the 83 tons of gold bars that were used as collateral for that loan reportedly turned out to be gilded copper. The massive scam came to light in February. Back then, Dongguan Trust, referred to as a Chinese shadow bank in ZeroHedge’s report, attempted to liquidate the collateral to cover default debt. “...

During the past two days, the Bitcoin price was trading under a tight range between $9000 and $9200. This untypical stability by Bitcoin is just showing how indecisive the primary cryptocurrency is. What is for sure is that a wild price move is likely to take place over the next few days. Following the Saturday’s price plunge, reaching out to a new 30-days low, we expected a price pullback. On our recent price analysis, we predicted such pull-back, telling by the oversold RSI levels and the declining number of sellers. The pull-back reached approximately $9200, which was more than $400 correction since Saturday’s low. Not surprisingly, the $9200 is also the 38.2% Fib retracement level of the past week’s drop. This level now becomes the most critical level to watch for the short-term of Bitcoin. Price Levels To Watch In The Short-term In case Bitcoin fails here, and can’t break above the $9200 level, the first level of support is likely the $9000 benchmark. This is followed by $8...

A class action by aggrieved users of various payment apps such as Venmo, Square’s Cash App, and Stripe filed a lawsuit against Visa-acquired fintech company, Plaid, for a data breach. According to the lawsuit, Plaid allegedly garnered sensitive financial information without the users’ knowledge or consent. Plaid Sold Users’ Sensitive Financial Data to Third Parties According to the complaint filed at the U.S. District Court for the Northern District of California, the volume of financial data at the disposal of Plaid could cause the accounts of users to be compromised. Also, such accounts could serve as a prime target for identity theft and other types of criminal activity. The fintech company helps to various mainstream payment apps such as Stripe and Venmo, and crypto exchanges like Coinbase to users’ bank accounts. In January 2020, Major payments processor, Visa, announced it was acquiring the startup for $5.3 billion . Also, the class action complaint stated that partnership...

Bulls need to flip the $9,200-$9,500 resistance zone to support in order to clear a path back to $10,000. from Cointelegraph.com News https://ift.tt/2VykROF via IFTTT

The announcement from LCX and LunarCRUSH states the partnership will provide data for better crypto trading and investment decisions. from Cointelegraph.com News https://ift.tt/2YMG1L0 via IFTTT

Analyst Justinas Baltrusaitis says Bitcoin’s return on investment from 2015 to 2020 puts the digital asset ahead of many traditional markets. from Cointelegraph.com News https://ift.tt/2CQMzQ1 via IFTTT

A Nikkei article states that Soramitsu will start testing its ‘White Tiger’ digital currency for retailers at a university in Fukushima. from Cointelegraph.com News https://ift.tt/38o79Dj via IFTTT

Ethereum-based predictions platform Augur announced it would be launching the second version of its platform starting on July 28. from Cointelegraph.com News https://ift.tt/2ZknKDQ via IFTTT

COMP spot trading against USDT started at 6 AM UTC today. from Cointelegraph.com News https://ift.tt/3eIGHGP via IFTTT

The Decentralized Finance (DeFi) ecosystem has once again come under attack as a decentralized automated market maker exchange suffered losses close to half a million dollars yesterday. Balancer Lost $500k In Pool Vulnerability DeFi project Balancer has lost about $500,000 worth of multiple tokens to a hacker due to a vulnerability in two of Balancer’s pools. News about the hack emerged on social media on Sunday evening, but Balancer did not issue an official report until this morning. According to the report , the attacker only stole funds from two pools containing STA and STONK, known as “deflationary tokens” or “transfer fees.” Balancer claims the vulnerability only affects pools “where a token has these transfer fees.” A Similar Pattern The perpetrator adopted a similar exploitation method used on other DeFi protocols in the past. He used Tornado Cash to obtain the initial funds which he used to deploy smart contracts and conduct the attack. This way, he was able to hide the ...