Monthly Archives: May 2019

Bitcoin (BTC) and cryptocurrencies are used as a speculative investment tool and not money, a report by United States think tank the Congressional Research Service (CRS) claimed on May 10.As part of an investigation into cash usage in the U.S., the report, dubbed “The Potential Decline of Cash Usage and Related Implications,” appears to forecast…

Iran’s plan to battle international sanctions through the use of a state-sponsored cryptocurrency has been brewing for over a year now.It’s been a viable and exciting option for a country that had been cut off from the global economic community up until 2015 and again in 2017, following a short reprieve after agreeing to dial…

Internet of Things (IoT) blockchain network Iota (IOTA) has completed preparations to further decentralize its transaction validation, Cointelegraph Auf Deutsch reported on May 28.According to a press release and blog post from the company, its Coordinator mechanism will now give away to a new tool dubbed “Coordicide.”Like its predecessor, Coordicide will manage transaction security, ensuring…

Wednesday, May 29 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) still holds over the $8,000 mark, with minor gains on the day.Market visualization courtesy of Coin360Bitcoin is over .5% down on the day, trading at $8,658 at press time, according to CoinMarketCap.…

A subsidiary of Japanese e-commerce giant Rakuten, Rakuten Wallet, has partnered with blockchain security firm CipherTrace to assure Anti-Money Laundering (AML) compliance for the company’s upcoming crypto exchange. The development was announced in a press release shared with Cointelegraph on May 29.CipherTrace — which develops cryptocurrency AML, forensics and regulatory monitoring solutions — will work…

A senior executive at cryptocurrency payments processor BitPay told Bloomberg on May 29 that bitcoin (BTC) will only expand higher from its current price.Speaking in an interview with Bloomberg TV, the company’s chief commercial officer, Sonny Singh, said it was business interest and endorsement of cryptocurrency that was fuelling the current market-wide bull run.“You’re starting…

The decision to lower the so-called stability fee for MakerDAO’s Ethereum blockchain-based decentralized stablecoin DAI by 2% has been executed on May 28.The original vote for Maker (MKR) token holders was announced on the organization’s blog on May 17, with a proposal to decrease the stability fee by 2% to 17.5% per year. According to the announcement, the…

United States authorities have brought criminal charges against a LocalBitcoins trader in connection with operating an unlicensed money transmission business, a government press release confirmed on May 28.As revealed by the U.S. Attorney’s Office for the Southern District of California, Las Vegas resident Morgan Rockoons will serve 21 months in federal prison for his activities,…

The number of wallets holding between 1,000 and 10,000 bitcoin (BTC) has seen a sharp increase since the crypto market bottomed this winter, indicating significant accumulation during the price dip. The analysis was published in a new report from weekly crypto outlet Diar on May 28.Diar’s analysis begins by comparing bitcoin’s distribution landscape today with…