Zank.com - Cryptocurrency Exchange | Buy and Sell BTC

Discussion in 'DX, e- Currencies, Exchangers, Payment Processors,' started by Kerelley, Apr 20, 2020.

  1. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    Tether (USDT) makes a $10 million equity investment in the crypto lending platform Celsius Network (CEL) at a $120 million pre-money valuation, bringing the post-money valuation to $150 million.

    The company has raised $30 million in its first equity round. In 2018, Celsius completed a $50 million ICO. Celsius CEO Alex Mashinsky told Cointelgraph that his company has continued its policy of not fundraising from venture capital. Mashinsky also pointed out that the equity sold in this round does not come with voting rights. This ensures that the investors will not be able to force the company to change its core mission of sharing 80% of the profits with the community.


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    Morgan Creek’s Anthony Pompliano presses pension funds to allocate 1-5% of their portfolios to Bitcoin.

    As pension funds struggle with their funding, Morgan Creek Digital co-founder Anthony Pompliano continues to press them into adding more Bitcoin into their portfolios. In a letter to investors, Pompliano said pension funds like the California Public Employees’ Retirement System (CalPERS) will do well to invest in Bitcoin instead of increasing their allocations of illiquid assets.

    Morgan Creek has long pushed for more pension funds to take at least 1% allocation in Bitcoin. CEO Mark Yusko said in January that if foundations had a 1% allocation five years ago, they would’ve made 9.2% in alpha--or the performance of a portfolio relative to a benchmark--than the 7.2% they actually made in that time period. So far, there are two pension funds from Virginia that invested in Morgan Creek.


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    VeChain’s medical records blockchain platform in Cyprus lets people prove, and control, COVID-19 test results.

    Blockchain tracking platform VeChain announced on Twitter on June 20 that its blockchain-based medical data management platform co-developed with digital healthcare solution firm I-Dante has gone live and will store COVID-19 testing results. The platform, dubbed E-NewHealthLife, was deployed in the Mediterranean Hospital in the Republic of Cyprus.

    Cyprus citizens who go to the hospital’s COVID-19 laboratory to undergo real-time diagnostic and antibodies testing, will have their medical and test records on the blockchain. The records will be encrypted, hashed and uploaded onto the VeChainThor Blockchain. The results will also be available on the E-HCert application. Adoption of E-HCert, the company said, reduces the cost of data storage and sharing.


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  2. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    A study by Scamwatch suggests cryptocurrency scams are a real threat in Australia.

    Australians filed 1,810 reports of cryptocurrency-related scams in 2019, collectively totaling more than $21.6 million AU ($14.9 million USD). According to a study by Scamwatch, an arm of the Australian Competition and Consumer Commission, younger Australians aged 25 to 34 were those most heavily affected by crypto investment scams. Scamwatch’s study reveals a sharp increase in total losses related to scams over the past two years, from $234 million in 2017 to $437 million in 2019.


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    CBDCs Don’t Fix Broken Monetary Policy, Say Execs at Stablecoin Saga. CBDCs promise to speed up existing systems but are unlikely to change the direction central banks have already been taking.

    As countries around the world dive into central bank digital currencies (CBDC), many in the crypto industry look forward to what that means for adoption and even lucrative partnerships to develop such tokens. However, at least some commentators have noted that national CBDCs will likely disappoint those looking to update monetary policy. Saga operates a stablecoin, SGA, that launched in December. It is pegged to special drawing rights. The SDR is a basket of currencies that the International Monetary Fund bases on a varying ratio of dollars, euro, yuan, yen and pounds sterling.


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    Nanjing, China is basically using the blockchain to drive a local economic stimulus program.

    In order to reduce the COVID-19 pandemic’s impact on business, Chinese governments at all levels have been coming up with different policies and solutions to help the economy survive. Nanjing, the capital of China eastern Jiangsu province, is one of the first cities in China to leverage blockchain technology and issue so-called “consumption vouchers” on the blockchain as a kind of crypto-driven stimulus package, according to a local news report on June 23. These vouchers are exchangeable for things like food, transportation and electronics.


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  3. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    Sveriges Riksbank, Sweden's central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country's own such asset — the e-krona.

    "The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank digital currencies (CBDC) and the e-krona," Riksbank's June 18, 2020 report said in an initial note to readers. In December 2019, Sweden unveiled intentions for a pilot program around its e-krona, in collaboration with Fortune Global 500 company Accenture.


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    Australians can now pay for Bitcoin (BTC) at the country’s post offices, thanks to a new collaboration.

    According to a June 24 announcement, customers of local cryptocurrency exchange Bitcoin.com.au will be able to pay for Bitcoin at more than 3,500 Australian Post offices. Bitcoin.com.au customers were already able to pay for Bitcoin at 1500 retail outlets in the Blueshyft payment network. Founded by Synthetix’s Kain Warwick, Blueshyft also services numerous other exchanges.


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    Lending platform Defi Money Market (DMM) — backed by Tim Draper’s Draper Venture Network — has had a difficult birth.

    The Initial DEX Offering (IDO) has completed successfully, raising $6.5 million in 48 hours, but investors reported problems with completing transactions, a confusing interface or raised trust issues around the company’s background.Despite the issues, DMM’s DMG token is currently trading at $0.87, over double the initial sale price of $0.36. DMG has also had the highest trading volume on Uniswap in the past 24 hours with $4.8 million being traded against Ether (ETH).


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  4. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    Japanese blockchain company Soramitsu announced it would start testing a new local digital currency for retailers at the University of Aizu.

    According to a June 29 report in the Nikkei newspaper, Soramitsu will begin testing “White Tiger,” a digital currency sitting on the company’s native Hyperledger Iroha blockchain. The digital asset will be tested at cafeterias and shops at the University of Aizu in Fukushima Prefecture, 300 km north of Tokyo, starting on July 1 before gradually being utilized at locations off campus. Soramitsu, based in Tokyo, is one of the blockchain startups behind the development of a central bank digital currency in Cambodia.


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    Ethereum-based market-making protocol Balancer has announced that it will compensate users who lost their tokens in a protocol attack associated with two deflationary tokens.

    The attack took advantage of the fact that deflationary tokens STONK and STA both charge transfer fees when trading. At the same time, their associated Balancer pools do not immediately account for those fees. It means that the pool balance will show more STONK or STA than the actual number, leaving attackers opportunities to respectively trade STONK and STA, incurring transfer fees and thus draining the two tokens. When there were very few tokens left in the pools, the attackers called a function to sync the displayed balance of the pools with the actual balance, resulting in a sharp drop in STONK and STA supplies and pushing up their prices against other assets they paired with.

    Balancer is expected to announce details of its reimbursement process by the end of the week.


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    Last week’s release of Apple’s iOS 14 developer beta for iPhone has made it more obvious than ever that many popular iOS apps are reading your clipboard data even when they have no clear reason to—and they can do so from other nearby Apple devices, too.

    The alarm was first sounded back in March when researchers Tommy Mysk and Talal Haj Bakry reported that social video sensation TikTok and dozens of other apps were regularly recalling data from the iOS and iPadOS clipboard, even when you’re not in a text input box. And as Ars Technica pointed out in a recent report, that data could potentially include Bitcoin addresses or other sensitive financial information.


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  5. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2.

    The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed to expand SBI’s crypto offering to millions of customers. B2C2 is intended to benefit from SBI’s distribution network as the London-based startup launches an electronic prime brokerage. As reported, SBI’s new crypto fund will mostly operate XRP, which is planned to account for 50% of the fund’s portfolio. Other digital assets include Bitcoin (BTC) and Ether (ETH), comprising 30% and 20%, respectively, based on a chart from SBI’s presentation.


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    Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC.

    Kazakhstan officials revealed the nation’s digital currency development plan to experts from Russia and China at "2020 Astana Online Financial Day". According to the China Ministry of Commerce on July 1, Kazakhstan plans to double its digital currency mining investment by the end of this year, and continues to develop its central bank digital currency. According to the report, Kazakhstan's digital currency mining project attracted 82.6 million Tenge, which is about 20 million USD. The scale of this investment will increase by 80 million Tenge in 2020.


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    OKCoin's COO said a PayPal crypto listing would give the industry vast exposure.

    Rumors recently surfaced of mainstream payment giant PayPal adding crypto as an option on its platform. Although he had no additional information on the legitimacy of the rumors, OKCoin COO Jason Lau said digital assets on PayPal would further crypto adoption.


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  6. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    Per a July 2 announcement, the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are opening up virtual hours for industry players looking to discuss innovation and new technologies in banking.

    The new meetings will be capped at one hour in length and are currently slated for just two days, July 29-30. Those interested need to register by July 17. Depending on the success of these meetings, they may become a more regular feature. The Securities and Exchange Commission’s FinHub recently announced virtual meetups to build on a longer tradition of peer-to-peer engagement. The Commodity Futures Trading Commission similarly held one-off meetings in February, before COVID-19 lockdowns took hold around the U.S.


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    Jeff Bezos, CEO of online shopping giant Amazon, recently tapped record wealth levels, holding more personal wealth than all the speculative capital currently invested in crypto's largest asset — Bitcoin (BTC).

    “Amazon stock shares surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion,” Bloomberg said in a July 1 article. “That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index.” At press time, Bitcoin holds a market cap of approximately $166.4 billion, according to Coin360 data, showing the value of all BTC in circulation at the asset’s current price level.


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    The Commons Foundation, a South Korean non-governmental organization, revealed its plans to develop a blockchain-based platform that aims to handle health epidemics in the wake of the COVID-19 crisis.

    According to Digital Today, the NGO will rely on blockchain public services to create an epidemiological research system to suit the coming post-coronavirus era. The article quotes a statement from Choi Yong-gwan, chairman of the Commons Foundation, who expressed concerns regarding the ongoing violation of personal information due to the pandemic emergency. Such a situation motivated the NGO to develop a solution. The NGO explained that a public blockchain network, called “MicroBitcoin”, will be the one that the Common Foundation relies on to develop the platform. They have chosen it for its solidity and security, and state the technology is robust enough to prevent the compromisation of hackers.


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  7. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    In a special announcement made at the Unitize conference on July 6, Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits.

    The companies involved in the creation of Anchor plan to launch it across their respective blockchains at the end of Q3 this year and scale across to other PoS blockchains in the future. Anchor’s smart contracts receive stablecoin deposits and use a portion of them to acquire staking positions on compatible Proof of Stake blockchains. Users will receive their passive income from these staking rewards.


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    Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action.

    An essential Bitcoin (BTC) metric has hit a new all-time high as miners pledge ever more computing power to securing the network. Data from various resources including Blockchain confirms that on July 6, Bitcoin’s seven-day average hash rate reached a new peak.


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    One of India’s largest farmer producer organizations plans to use blockchain to help farmers receive higher pay.

    One of India’s largest farm producer organizations (FPO), Sahyadri Farmers Producer Co, is integrating blockchain into its business process. FPOs are member-based institutions of farmers that are the result of a government-led initiative. The organizations help fars sell agricultural produce at the most advantageous prices.


    Buy and sell bitcoin through Zank – earn quickly and easily!
  8. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan.

    According to an announcement DiDi shared with Cointelegraph earlier today, the company has entered into “a strategic partnership” with the Digital Currency Research Institute of the PBoC. Together, DiDi and the PBoC’s think tank will reportedly work to bring the DC/EP solution to the former’s large-scale transportation network, which DiDi also refers to as “the world’s largest one-stop on-demand transportation platform.”

    Primarily known as the Uber of China, DiDi claims to have 550 million users across Asia, Latin America and Australia. Its services mainly include public transportation and food delivery, while the company’s latest reported plans are to create an autonomous vehicles subsidiary and release more than one million self-driving cars by 2030.


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    The Japanese government will appoint Ryozo Himino as the next commissioner of Japan's Financial Services Agency.

    iji Press reported on July 7 that the Japanese government has decided to appoint Ryozo Himino to the next commissioner of Japan's Financial Services Agency (FSA). The official announcement will be made this month. Cointelegraph has reached out to FSA to confirm the news but has not received replies yet. Himino, currently the International Financial Deputy Counselor, is known on the international stage. Last September, he became the first Japanese Chairman of the Standing Committee of the Financial Stability Board (FSB). Himino is considered sympathetic to the crypto industry.


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    Coinbase, the largest U.S. cryptocurrency exchange, believes other countries are much more open-minded in terms of crypto regulation and taxes than America.

    Lawrence Zlatkin, chief tax officer at Coinbase, shared the exchange’s outlook on taxation and the global cryptocurrency market during a Unitize panel on July 7. He was joined on the panel by Fidelity’s senior tax counsel Jessica Reif-Caplan and Deloitte’s global tax leader, Rob Massey. During the discussion, the speakers highlighted the lack of clarity around cryptocurrency taxation in the U.S.. According to the tax experts at Coinbase and Fidelity, the uncertainty is a result of the complex nature of digital assets as well as a huge variety of different types and features of different coins.


    Buy and sell bitcoin through Zank – earn quickly and easily!
  9. Kerelley

    Kerelley New Member

    News of the cryptocurrency market:


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    Development of China’s central bank digital currency, or CBDC, continues to show signs of progress. On July 8, a major domestic e-commerce platform and a video sharing site both joined the CBDC project, according to local news.

    Companies Meituan and Bilibilibili have apparently both begun to cooperate with a number of banks involved in the digital Yuan project. Meituan is a major service platform with over 240 million consumers and five million local merchants, and Bilibilibili is known as China’s largest video sharing website. In addition, Chinese multinational tech group, ByteDance, is also said to be in close discussion with the banks about CBDC collaboration.


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    BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser.

    No further details about the new crypto wallet have been made available. Japanese users of Brave browser are rewarded with Basic Attention Token Points (BAP), due to regulations that prevent them from earning the cryptocurrency BAT, or trading their points for money on exchanges. The announcement is likely to fuel speculation that the new crypto wallet could pave the way to enable Japanese users to earn BAT, instead of BAP, or somehow convert between the two.


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    The U.S. Department of Justice, or DoJ, indicted Andrey Turchin, known under the pseudonym "fxmsp," with various federal crimes. Turchin allegedly founded a cybercrime group that targeted the computer networks of several companies. After stealing each company’s data, Turchin’s group allegedly sold the data on the dark web.

    Turchin, a 37 year old Kazakhstan national, is affectionately known on the dark web as "the invisible god of networks." He allegedly sold access to thousands of networks breached with his malware attacks, amassing a million dollar crypto fortune over the course of three years. The Western District of Washington is now conducting criminal indictment procedures against Turchin, who is accused of attacking companies based in over 40 countries.


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