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Bithumb reports 2018 financial performance with $180 million loss
12 April, 2019 13:03

Bithumb reports 2018 financial performance with $180 million loss

The major cryptocurrency exchange in South Korea – Bithumb – reported its financial performance for 2018 with net losses of some $180 million (KRW 205.5). According to the available data, the company managed to boost its trading performance by more than 17% y-o-y in 2018. The operating income amounted to KRW 256.1 billion, by 3.4% down y-o-y.

Skype to consider possible XRP integration
12 April, 2019 11:52

Skype to consider possible XRP integration

The representative of the Ripple community David Olliver suggested that the Skype platform add support for the XRP token to implement micropayments. The representative of Skype replied that this cooperation is possible, and urged the community to vote and express their opinion.

TrustToken releases updated TrueUSD stablecoin audit
12 April, 2019 10:31

TrustToken releases updated TrueUSD stablecoin audit

Stable coins related to the US dollar in a 1:1 ratio provide exchange tokens for the specified currency at any time. But what if the company that issued the tokens does not have sufficient financial reserves? Stablecoin, which has no currency coverage, cannot be valuable. But a recent audit of the stable coin TrueUSD (TUSD) has shown that its owners have no reason to worry.

Coinbase rolls out Visa debit card for UK-based clients
11 April, 2019 16:54

Coinbase rolls out Visa debit card for UK-based clients

The major US-based cryptocurrency exchange – Coinbase – rolled out Visa debit card valid in the UK jurisdiction, so the UK-based clietns will be able to spend cryptocurrencies for payments of goods and services like fiats.

Seoul applies AI against Ponzi scheme: 12 individuals arrested
11 April, 2019 16:52

Seoul applies AI against Ponzi scheme: 12 individuals arrested

The authorities of Seoul managed to detect and arrest 12 individuals suspected in running Ponzi scheme which brought them more than JPY 21.2 million ($18.7 million). As the spokesperson of the Seoul Special Police Department said, the police applied to innovative technologies during the case – an investigation system based on artificial intelligence.

PewDiePie joins the blockchain streaming platform
11 April, 2019 14:23

PewDiePie joins the blockchain streaming platform

 PewDiePie, one of the top YouTubers has joined blockchain-based live streaming platform DLive. The 29-year-old Swedish with the largest number of subscribers among YouTube channel (93 million), obviously, participated in paid advertising. However, this does not change the fact that DLive can become a real competitor to streaming platforms, such as, for example, Twitch.tv. 

Bitmain, Canaan representatives: possible crypto mining ban unlikely to affect performance in near term
11 April, 2019 13:32

Bitmain, Canaan representatives: possible crypto mining ban unlikely to affect performance in near term

Following the recent report about the intentions of the Chinese authorities to ban cryptocurrency mining, two big fishes in this segment commented on such regulatory moves and possible consequences in the short term. Bitmain and Canaan stated that they did not expect any harmful impact on operating performance from a possible restriction of cryptocurrency mining activities in the country.

Bittrex fails to get BitLicense in New York State
11 April, 2019 12:14

Bittrex fails to get BitLicense in New York State

Within days BitLicense headlines again appeared in the media. The New York Department of Financial Services announced its decision regarding the license application filed by the cryptocurrency exchange Bittrex based in Seattle. This time, the fortune turned away from the platform since it faced a denial.

Bitfinex removes $ 10,000 capital threshold
11 April, 2019 10:18

Bitfinex removes $ 10,000 capital threshold

Bitfinex, one of the largest cryptocurrency exchanges in the world, has announced a message about the abolition of the minimum transaction limit on its trading platform. Bitfinex removed a minimum capital threshold of $ 10,000 by opening the trading platform for everyone. According to the statement, all Bitfinex users will be able to use the special functions of a professional platform, which is a safer and more efficient trading solution. The threshold was introduced in 2017, during the big bang in the cryptocurrency market. 

Chinese investment funds focus on loans to cryptocurrency segment
10 April, 2019 17:01

Chinese investment funds focus on loans to cryptocurrency segment

The major crypto investment companies in China have focused on lending to retail investors, hedge funds and even cryptocurrency miners to cope with the bearish market trend. The list of new cryptocurrency lenders includes Bixin Capital, FBG Capital and Dgroup as well as Bablebank. Total value of the loans has amounted to some $60 million over the past five months. Demand is said to come mainly from local market players. It should be mentioned that the high activity of crypto miners was a big surprise.

VK overtook rival Facebook
10 April, 2019 15:37

VK overtook rival Facebook

The Russian analogue of Facebook has created its own cryptocurrency, which can be generated by mining in a special mobile application. VKontakte launched a token in early April 2019. Mining VK Coin uses “clicks” in a mobile application developed by VK Apps. By clicking, users get VK Coin and can buy bonuses for acquired tokens. The black market immediately reacted to the new token, massively exchanging the mined coins for rubles.

More gold reportedly withdrawn from Venezuela Central Bank: 30 tonnes in total since start-2019
10 April, 2019 14:18

More gold reportedly withdrawn from Venezuela Central Bank: 30 tonnes in total since start-2019

Venezuela's leader Nicolas Maduro withdrew 8 t of gold from the Central Bank reserve for further international sales striving to attract stable currency to the country. The current gold reserves in Venezuela amount to some 100 t worth over $4 billion. At the same time, the reserves decreased by 30 t beginning from the start of 2019 before Washington tightened measures against Venezuela.