How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks Coinbase Acquires Xapo’s Institutional Arm and Now Commands $7 Billion Worth of Digital Assets As early as 2010, Bitcoin supporters such as Hal Finney predicted that someday most BTC transactions…

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Hong Kong Protest Leader Hopes to Incite Run on Chinese Banks

The 11th week of protesting in Hong Kong has passed as the world has witnessed massive sit-ins at the national airport and demonstrations across several locations citywide. The 2019 anti-extradition bill protests have affected Hong Kong’s local economy, investors have dumped on the benchmark Hang Seng index, and now pro-independence activist, Chen Haotian, has called upon the country’s citizens to withdraw bank deposits. The chairman of the Hong Kong National Party, Haotian further told the public that the “primary goal” of the bank run is to target “Chinese banks.” Also…

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These Portfolio Tracking Tools Will Also Prepare Your Crypto Taxes

Tax season is months away, which is why you need to start preparing for it now. Leave everything to the last minute and you’ll only end up cursing your procrastination. Organize your cryptocurrency activity in advance and you’ll breeze through tax deadline day without so much as flinching. Despite maddeningly vague or unfair legislation, filing your crypto taxes is surprisingly simple thanks to an array of tools that make tracking and calculating your obligations a cinch. Also read: Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money Crypto Taxation Doesn’t Have…

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Ron Paul Slams Fednow Payment System and Encourages Crypto Competition

Ron Paul, the muckraking former congressman from Texas, is stirring things up once again, this time taking aim at the new real-time digital payment system proposed last week by the U.S. Federal Reserve. Presented as an innovative solution by government and media voices, the cryptosphere received the news of the Fednow program with little more than a disinterested shrug. Paul is not impressed either, maintaining that the implementation will crowd out competing protocols like Bitcoin, placing even more power in the hands of an already dangerously incompetent federal government. Also…

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PR: Australian Bitcoin Cash Conference Brings Cryptocurrency Leaders to Townsville

Global leaders from the Bitcoin Cash community will gather at the first Bitcoin Cash City Conference in Australia, being held in Townsville on September 4 & 5. Townsville has really embraced Bitcoin Cash, so hosting this conference in the cozy, coastal suburb was a natural next step. Australia’s first gathering of enthusiasts and global business leaders will convene to use the low-cost, friction-less payment system and digital money, while enjoying the region’s temperate climate and many attractions. Bitcoin Cash has caught-on among merchants in Townsville, mostly because it enables anybody…

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Central Banks Worldwide Testing Their Own Digital Currencies

Central banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also read: Crypto Regulations Are Changing Worldwide to Comply With FATF Standards China’s CBDC Is ‘Almost Ready’ The most recent country to claim that its CBDC is near completion is China. According to media reports, The…

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Alcor Life Extension Foundation Now Accepts Bitcoin Cash Donations

Alcor Life Extension Foundation has revealed the company is accepting bitcoin cash (BCH) donations. Alcor was convinced by Bitcoin.com’s executive chairman Roger Ver to add BCH acceptance, the same person who convinced Alcor to accept BTC payments via Bitpay back in 2014. The nonprofit organization is well known for its cryonics research and practices as the company has a strong relationship with cryptocurrency advocates. Also Read: Exploring the SLP Token Universe Built on the Bitcoin Cash Chain Alcor Foundation Convinced to Accept Bitcoin Cash Donations The Alcor Life Extension Foundation…

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Argentina’s Peso Collapse Shows Governments Shouldn’t Control Money

Whenever bitcoin experiences a sharp drop or volatility, mainstream media analysts jump to declare that cryptocurrency isn’t stable enough to be considered money. The double-digit crash of the Argentine peso in one day, simply due to an election in the country, can be said to prove the same about fiat. Also Read: Big Banks Enabled Jeffrey Epstein’s Sex Trafficking Crimes Vote Sends Peso Into Free Fall On Monday Argentina’s peso currency dropped over 30% in value to a record low of 65 pesos per 1 U.S. dollar. The country’s central…

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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court

The Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. Also read: India to Introduce Crypto Bill Next Parliament Session – A Look at Community Responses Supreme Court Resumes Hearing RBI Case The Indian supreme court resumed hearing arguments on Wednesday against the banking restriction by the central bank, which it…

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Social Network Memo Adds Decentralized SLP Token Exchange

The Simple Ledger Protocol (SLP), a token creation system built on top of the Bitcoin Cash (BCH) network continues to mature as developers have released a number of third-party applications that support SLP tokens. Now the onchain, BCH-based social network Memo.cash has implemented an SLP token exchange allowing people to list SLP tokens and sell them for bitcoin cash. Also read: Creating Your Own SLP-Based Token Using Memo The New Trustless Onchain SLP Token Exchange Memo.cash is a popular social network that’s built on top of the BCH chain where…

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