Report: Crypto Custodian BitGo Expands Japanese Presence, Builds Team

Digital asset trust and security company BitGo is reportedly expanding its presence in Japan and adding new staff. Digital asset trust and security company BitGo is reportedly expanding into the Japanese market, The Block reported on Aug. 9. A source familiar with the matter told The Block that BitGo is expanding its presence in Japan. According to the report, BitGo is planning to grow its Japan-based team, including hiring a sales director for the company’s sales team in Tokyo. Per a dedicated job post published by BitGo last week, the…

Read More

Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?

U.S.-China trade war escalates, China is stepping up national crypto development, anonymous PBoC source says crypto “brings both risks and opportunities.” After a short stay in the red zone, Bitcoin (BTC) has recovered toward $12,000, with traders turning bullish as ever. Experts call the United States-China trade war a key reason for the main cryptocurrency’s price fluctuations. Fuel to the fire has been added by the recent announcement by the People’s Bank of China (PBoC) of plans to get ahead of the U.S. and Facebook’s Libra by issuing a national cryptocurrency.…

Read More

Billionaire Mark Cuban: ‘I See Gold and Bitcoin as Being the Same Thing’

American billionaire Mark Cuban says Bitcoin and gold are fundamentally the same thing, and that gold is a terrible investment. Mark Cuban, owner of the Dallas Mavericks professional basketball team, has said that he hates gold as an investment, and views Bitcoin (BTC) as fundamentally similar to gold. Cuban delivered his remarks in an interview with Kitco News on Aug. 9. He did note that he views Bitcoin’s finite supply as a bonus to its investment value, saying: “They’re both collectibles. The value is based off supply and demand. And…

Read More

Disgruntled Bitcoin Investor Brings $22.5M Class Action Suit to Israeli Bank

A Bitcoin investor is bringing a class action suit against an Israeli bank in light of their refusal to accept deposits of funds made from crypto trading. An unnamed investor has filed a lawsuit against the Israeli Bank Hapoalim in the amount of approximately $22.5 million, on account of the bank allegedly refusing to accept deposits of profits earned via Bitcoin (BTC).  Industry media outlet BlockTV discussed the lawsuit in a report on Aug. 9. According to the report, the complaint is being filed as a class action suit, and…

Read More

Price Analysis 09/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Bitcoin is at a critical level. A breakdown might hurt sentiment across the crypto universe. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Vertical moves are unsustainable in the long run. Hence, it is always better if there are consolidations in between because those levels act as a floor during corrections. Tim Draper…

Read More

Researchers Discover New Cryptocurrency-Focused Trojan

Computer analysts have found a new type of virus — a remote-access trojan — that targets cryptocurrency users. Computer analysts at cybersecurity firm Zscaler ThreatLabZ have found a new type of trojan that targets cryptocurrency users. In a blog post published on Aug. 8, the company reveals that it identified a new remote-access trojan (RAT) that is able to capture administrative control of the targeted computer, retrieve browser history and look for activities involving cryptocurrency, credit cards, business, social media and others. The malware is called Saefko and is written…

Read More

Can the Fed Kill Bitcoin? Navigating the Chokepoints of Tax Law and KYC

Taxes. The one word that can kill any buzz in seconds flat. Whether you’re a libertarian ranting about how taxation is theft or one of those fabled creatures who is actually happy to file them as their so-called civic duty, one fact remains: those who don’t give the government a bite — or make mistakes in attempting to do so — can get chomped, and hard. Ominous tax laws and ever-increasing state requirements for exchanges have some wondering if these maladies could stall the Bitcoin revolution. Also Read: From Spartacus…

Read More

Coinbase Blocks Long-Con Hacking Attempt

After a handful of Coinbase employees received an email from Gregory Harris, the research grants administrator at the University of Cambridge, on May 30, many of them engaged in conversation with “Harris” for a few weeks. It wasn’t until June 17 that the email scammer attempted to send a message containing malware capable of taking over someone’s computer. Luckily, Coinbase’s security system was able to detect the threat before any funds were lost.

Read More

Texas Securities Watchdog Shuts Down Craigslist Crypto Scammer

The Texas State Securities Board issued a cease and desist order against an alleged crypto scammer advertising on Craigslist. Authorities in Texas have issued a cease and desist order against an alleged crypto scammer operating on Craigslist. According to an Aug. 7 announcement, the Texas State Securities Board (SSB) enforced an emergency action against New York-based purported investment provider Forex and Bitcoin Trader. The SSB states that this is the fourth such action since the regulator started a second investigative sweep of suspect fraudulent crypto offerings in late June. Purported…

Read More