Coinstar KYC Hurdles Are Hurting Bitcoin User Experience

Coinstar KYC Hurdles Are Hurting Bitcoin User Experience
Source: Bitcoinist.com

Coinstar’s initiative to support buying bitcoin at 20,000 locations in the US is facing mixed reviews days after it launched as users complain about high costs and poor performance. AML/KYC Overload Coinme, the Bitcoin ATM operator which began offering purchases in 2014, teamed up with change counter Coinstar last week to let customers purchase bitcoin for cash using the same apparatus. As user experiences began surfacing on social media, however, not all appeared to be going to plan. Specifically, reviews slated the overreaching security measures Coinme and Coinstar had implemented. To buy Bitcoin, one commentator wrote on Twitter, it was necessary to provide an email address, phone number, name, ID verification and even a selfie photograph. “Lame but not unexpected. Seems silly for such a small amount,” the commentator, known as CryptoParadyme, wrote about their $25 purchase. Bitcoin at @coinstar…

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Wyoming Bill Would Clear the Way for Crypto Custody at Banks

Wyoming Bill Would Clear the Way for Crypto Custody at Banks
Source: Coindesk.com

Wyoming may soon become the first state in the U.S. to provide clear banking permissions for cryptocurrencies and digital assets. A bipartisan group of state legislators introduced SF0125 to the government on Friday, which, if passed, would classify digital assets as property within existing laws. It would also establish “an opt-in framework for banks to provide custodial services for digital asset property as directed custodians,” determine standards for such services, clarify how Wyoming courts might classify digital assets and more. Caitlin Long, co-founder of the Wyoming Blockchain Coalition, told CoinDesk that the bill is a major step forward for the state, and could prove a boon for crypto startups and users alike. “A lot of companies are setting up as New York trust companies … the [Wyoming proposal] is a much better license than a New York Trust license because…

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The Faireum Blockchain: a New Way to Invest, Play and Everything in Between

The Faireum Blockchain: a New Way to Invest, Play and Everything in Between
Source: Coinidol.com

Jan 21, 2019 at 16:35 // PR Faireum releases its new blockchain-based technology that will break ground for crypto investors, traders and online gamblers alike. NEED SHELTER AMID THE CRYPTO WINTER?    Ever since the crypto winter has started, the cryptocurrency market has gained a lot of negative impression from the mainstream community. It cannot be denied that money has been lost due to the drop of prices, and some have lost faith and given up entirely. Interestingly, despite this, the crypto-economy still remains one of the most lucrative industries to date. But how does it still remain the Goliath that it is?    This is because even amid the current crypto-climate conditions, countless ICOs with innovative ideas are emerging left and right to persuade investors into fulfilling their game-changing vision, giving investors an opportunity to profit while at the…

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Swarm Offers Free Issuance of Security Tokens

Swarm Offers Free Issuance of Security Tokens
Source: The-blockchain.com

Non-profit blockchain project Swarm, which provides an open infrastructure for digital securities, has launched a no-fee issuance of security tokens. “In the year since Swarm launched, we have seen overwhelming global demand from projects seeking to issue digital securities. We’ve also seen significant barriers in the cost and complexity of compliant issuance solutions. To meet that demand […] The post Swarm Offers Free Issuance of Security Tokens appeared first on Blockchain News.

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Amazon Stock Price Shows Resurgence, Here’s A Look At the Path Ahead

Amazon Stock Price Shows Resurgence, Here’s A Look At the Path Ahead
Source: Coinspeaker.com

Photo: Wolfram Burner / Flickr By the end of 2018, America-based e-commerce behemoth Amazon has seen a major fall in its valuations. From its one-year high of over $2000, Amazon’s stock price corrected over 35% falling to a low of $1350. However, the Amazon stock is now showing formidable recovery surging 20% from its bottom. At the press time, Amazon (AMZN) is 3% up trading at a price of $1696.60. Amazon has been one of the most preferred stocks of U.S. investors giving magnificent returns over the last few years. Moreover, Amazon is currently the largest public-listed company with a market cap of $830 billion. However, we know that the dynamics of the technology market are changing rapidly with giants like Apple, Alphabet, etc. engaged in intense battle. To stay at the forefront of the revolutionary change, Amazon is re-strategizing its business and…

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ICOs Produce Slow Start to 2019

ICOs Produce Slow Start to 2019
Source: Bitcoin.com

During the first two weeks of 2019, initial coin offerings (ICOs) raised roughly $90 million, according to data published by Icobench. Of the total funds raised this year so far, $80.2 million can be attributed to the Chelle Coin ICO. Also Read: How US Government Shutdown Affects Bitcoin ETF Approval Slow Start to 2019 for Initial Coin Offerings 47 ICOs launched during the first week of January, bringing the total number of ongoing initial coin offerings to 424. Despite the large number of ongoing ICOs, only $6 million was collectively raised between Jan. 1 and Jan. 7, comprising the smallest combined weekly total raised by ICOs since 2017. During the second week of January, the total raised by initial coin offerings jumped substantially after Chelle Coin, an ICO for an “investment platform backed by performing North American True Estate,” generated $80.2…

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EOS Platform Updated with 35% Increase in Transaction Speed

EOS Platform Updated with 35% Increase in Transaction Speed
Source: Coinspeaker.com

Photo: Pixabay EOS blockchain was introduced in 2017 as a network for the development of decentralized applications. Recently it has revealed the release of EOSIO and EOSIO.CDT upgrade that will bring a row of advancements including a higher speed of the blockchain transactions. EOSIO version 1.6.0 The team has finished their work on the updates of the EOSIO software and is ready to present them. According to the official announcement published by the company, the efficiency of the peer-to-peer networking layer will be significantly improved. Moreover, the developers have managed to enhance the overall transaction speed. In general, it’s worth mentioning that these improvements are fully compliant with the company’s goal to increase the efficiency of the EOSIO performance and to strengthen its position in the list of the fastest protocols presented on the market. The company’s announcement reads: “Our…

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Weekly Cryptocurrency Analysis from David Thomas, Director and Co-Founder of GlobalBlock:

Weekly Cryptocurrency Analysis from David Thomas, Director and Co-Founder of GlobalBlock:
Source: The-blockchain.com

Weekly Comment Last week’s comment was mostly focussed on the Constantinople hard fork and we even went as far as to publish an article on what it was for those of you who may not be aware Constantinople- What is it?   However, as with all best laid plans, something went awry!  Essentially, core developers on Ethereum […] The post Weekly Cryptocurrency Analysis from David Thomas, Director and Co-Founder of GlobalBlock: appeared first on Blockchain News.

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Saudi Arabia and the United Arab Emirates (UAE) to Launch Pilot Cryptocurrency for Cross-Border Payments

Saudi Arabia and the United Arab Emirates (UAE) to Launch Pilot Cryptocurrency for Cross-Border Payments
Source: Btcmanager.com

Saudi Arabia and the UAE have launched a cryptocurrency aimed at facilitating cross-border payments. The new digital asset was unveiled during the first meeting of the Saudi-Emirati Coordination Council held on January 19, 2019, in Abu Dhabi, according to a WAM report. National Crypto As stated in the WAM press release, the Executive Committee of the Saudi-Emirati Coordination Council in…Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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BitStarz Named Players’ Choice Casino at AskGamblers Awards!

BitStarz Named Players’ Choice Casino at AskGamblers Awards!
Source: Livebitcoinnews.com

Monday, January 21st, 2019 – The players have spoken and once again it’s BitStarz Casino that has walked away with the prize everyone is talking about. We’re officially the winners of the Players’ Choice award at the highly regarded AskGamblers Awards. With another award to add to our growing collection – we only have our players to thank, as they’ve turned out in big numbers to vote for us! AskGamblers is, has, and always will be one of the most well-respected casino review sites in the world. Giving players the low-down on thousands of online casinos, only the cream of the crop makes it to the awards stage each year. Beating more than 1,300 other online casinos to the title, BitStarz has been able to get its hands on one of the most truly coveted awards in the industry –…

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London’s Blockchain Conference; Blockchain Expo Global Exhibition announces expert speakers

London’s Blockchain Conference; Blockchain Expo Global Exhibition announces expert speakers
Source: The-blockchain.com

Blockchain Expo, has today announced key expert speakers at the Global conference, Olympia London, 25-26 April 2019. An opportunity to hear from thought-provoking content within blockchain solutions for enterprises, blockchain technology solutions, blockchain platforms & strategies, fintech, solutions & regulations, blockchain for business and innovations & investors. Blockchain Expo has been embraced by the blockchain […] The post London’s Blockchain Conference; Blockchain Expo Global Exhibition announces expert speakers appeared first on Blockchain News.

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Bitcoin Price Analysis: Weekly TA Reveals Bulls Under Pressure

Bitcoin Price Analysis: Weekly TA Reveals Bulls Under Pressure
Source: Bitcoinist.com

As Bitcoin closed the week on another ‘Bloody Sunday’ candle, which dropped to new 2019 lows, making yet another painful yet somewhat predictable reversal, we take a look at the price action and try to establish what we should be looking for with the week ahead.    Weekly Bitcoin price 00 closed the week at $3536, with the decline on Sunday largely reversing the gains made through the week. Despite making lows on Sunday at $3481, a bounce back to a close at $3542 meant avoiding a new 2018 candle close low, with the weekly candle forming an inverted hammer, which is considered a relatively bullish sign. Despite this, Bitcoin is still stuck in no man’s land with initial significant resistance overhead at $4,050 and support at $3200. Daily The daily chart shows a slightly clearer picture, illustrating that Bitcoin…

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Privacy Cryptocurrency Beam Experiences Blockchain Stoppage

Privacy Cryptocurrency Beam Experiences Blockchain Stoppage
Source: Coindesk.com

Newly released privacy-oriented cryptocurrency Beam reported this morning that its blockchain is experiencing technical difficulties. Beam announced the information on its official Twitter account Monday, saying that its network “stopped at block 25709” and that it was investigating the matter. Within the last hour, the project tweeted an update saying: “Issue identified and fix found. Funds are safe. Commit to GitHub in the coming hour. Binaries and detailed Post-mortem later today. Thanks for your patience and stay tuned.” CoinDesk will update this story as more information becomes available. At its January launch, Beam became the first cryptocurrency based on Mimblewimble – a protocol that makes transactions confidential and virtually untraceable. Since then, though, Beam has faced some technical issues. On Jan. 9, the team discovered a “critical vulnerability” in its wallet software and asked users to uninstall the wallet app immediately and re-download a…

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Bitcoin Price Likely to Drop to $2,400 & Lure Wall St. to Purchase the Plunge

Bitcoin Price Likely to Drop to $2,400 & Lure Wall St. to Purchase the Plunge
Source: Coinidol.com

Jan 21, 2019 at 13:32 // News In the latest Bitcoin (BTC) versus Silver (SLV) analogue piece, remarkable similarities can be seen in the charts. Trying to puzzle out the time frame of the consolidation point is very crucial. In Silver, the consolidation period timing was more than 90 days, nevertheless, the 500% rally also took around 30 months. In Bitcoin, the 500% rally took around 9 months. Therefore, the consolidation time in BTC is around 30 days rather than 90. Any hint as to when the next action happens is decisive as far as trading Bitcoin Derivatives is concerned since timing is everything!        Within the first week of December 2018, BTC was in a consolidation period that, when related using similar time scale as the SLV bubble, would totally break the lag lows of around $3,600…

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The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App

The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App
Source: Bitcoin.com

In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia. Also Read: South Africa Wants to Mandate Registration of Crypto Services Bitmain Reflects on 2018 Bitmain, the Beijing-headquartered bitcoin mining technology giant, has been the topic of many discussions recently relating to its IPO application process, downsizing and more. A lengthy new blog post the company published today touches on these subjects and highlights some of the milestones the company has achieved in 2018. These achievements include the development of a 7nm ASIC chip for SHA-256 mining, launching hardware for powering artificial intelligence applications, investing in Circle and funding open-source projects. The Bitmain team explains that the consolidating actions they…

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Taiwanese Authorities Charge Seven Bitcoin Ponzi Scheme Organizers

Taiwanese Authorities Charge Seven Bitcoin Ponzi Scheme Organizers
Source: Btcmanager.com

The Taiwanese authorities have officially pressed charges against the seven fraudsters who were arrested in June last year for allegedly running a bitcoin-powered Ponzi scheme, reported local news source Focus Taiwan on January 18, 2019. Multiple Banking Laws Violated Per sources close to the matter, the Taichung District Prosecutors Office has indicted seven residents for allegedly organizing a cryptocurrency Ponzi…Read More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Tron Price Responds to Exchanges Confirming BTT Airdrop Support

Tron Price Responds to Exchanges Confirming BTT Airdrop Support
Source: Themerkle.com

Although most of the top cryptocurrency markets are still subjected to bearish pressure, it would appear a market reversal is looming on the horizon. The Tron price is going through a very bullish phase right now, although the momentum seems short-lived for the time being. The gains in TRX/BTC are quite impressive, though, as that is exactly what this market needs right now. Bullish Tron Price Momentum Emerges Few people expected any positive market trend materializing throughout the day. After another dreadful weekend, it would appear the bear market is far from over at this point. This doesn’t bode well for Bitcoin, nor for all of the other markets which primarily derive value from Bitcoin’s momentum. Tron is one of those markets, although the altcoin is noting some strong gains over Bitcoin at this time. Over the past 24 hours,…

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Ongoing U.S. Shutdown Casts Shadow on VanEck Bitcoin ETF Approval

Ongoing U.S. Shutdown Casts Shadow on VanEck Bitcoin ETF Approval
Source: Coinspeaker.com

American lawyer Jake Chervinsky explains that despite the U.S. shut down the SEC has provision to act on VanEck Bitcoin ETF. However, ETF executives remain confident. The ongoing government shutdown in the United States could likely have a major impact on future developments in the crypto market. Moreover, this is the longest shutdown by any government in the U.S. which can continue further. The crypto community is eagerly waiting for the SEC’s decision on VanEck Bitcoin ETF. The SEC has a deadline of February 27 for the approval. However, on Jan. 16, the SEC said that it has put all of its administrative activities on hold until the shutdown concludes. But despite the U.S. government shutdown, VanEck seems to be unfazed and confident for its ETF application. VanEck believes that it has already laid a robust foundation for the SEC…

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‘Satoshi Way’ Course to Prepare Crypto Developers in Ukraine

‘Satoshi Way’ Course to Prepare Crypto Developers in Ukraine
Source: Bitcoin.com

Ukraine’s crypto business sector has decided to address the deficit of developers in the field. Several companies, the industry’s association and an educational organization have teamed up to organize a professional course that will teach students how to create solutions utilizing crypto technologies. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Win-Win Situation for All Stakeholders Six companies, including a number of prominent crypto platforms, the Blockchain Association of Ukraine (BAU) and the Ukrainian National IT Factory (UNIT) are behind the educational project. Its first Blockchain Hub Academy course has already started and in the next four months it will prepare the first group of 30 students to take on the challenges facing the crypto industry in their country. Quoted by Forklog, BAU vice president Vitaliy Bulychev commented: The aim of the initiative is to prepare tech…

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Bitcoin Price ‘Overshooting on the Lower Side Now,’ Says Binance CEO

Bitcoin Price ‘Overshooting on the Lower Side Now,’ Says Binance CEO
Source: Bitcoinist.com

Changepeng Zhao, CEO of one of the world’s largest cryptocurrency exchanges, Binance, says the current state of the market is overshot. He also noted that Bitcoin’s all-time high price in late 2017 was also a stretch.  2017 ‘Definitely an Overshoot on the Price Side’ Speaking at the Binance Blockchain Week in Singapore, the CEO of cryptocurrency exchange Binance, Changpeng ‘CZ’ Zhao, said that the prices of cryptocurrencies toward the end of 2017 were overshot. I believe… at the end of 2017, there was definitely an overshoot on the price side… There was a lot of guys rushing in, very simple projects with very simple whitepapers. […] Then of course as everybody rushed in…once that massive rush-in finishes the price declines. 2017 saw an unprecedented rally in the prices of cryptocurrencies. At the end of the year and in January 2018, the…

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Venezuela: First Bitcoin ATM Incoming amid Failing Economy and Sullen Petro

Venezuela: First Bitcoin ATM Incoming amid Failing Economy and Sullen Petro
Source: Btcmanager.com

In a country that many believe proves how fiat currencies can destroy an entire country’s infrastructure and economy, the first Bitcoin ATM in Venezuela will finally be installed, about two weeks from January 20, 2019. A Never-Ending Economic Crisis Venezuela actually tops the misery index thanks to the ongoing economic crisis in the country since 2013. There are all sorts…Read More. The post by Neil Matthew appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Netflix Stocks Lead the FAANG Pack, Could Make or Break the Internet-Stock Rebound

Netflix Stocks Lead the FAANG Pack, Could Make or Break the Internet-Stock Rebound
Source: Coinspeaker.com

Photo: Pixabay The stock market rally powered higher last week, with the Dow Jones, S&P 500 index and Nasdaq composite all reclaiming their 50-day lines. Among the large-cap stocks worth watching was also the Netflix which sold off Friday on mixed results and weak guidance, and now stands well below a current buy point but seems poised to carve a new, lower entry. The subscription video-on-demand service added 8.8 million paying subscribers in the December quarter, bringing its worldwide total to 139.3 million. Netflix had forecast 7.6 million new paying subscribers. The Los Gatos, Californian based company earned 30 cents a share on revenue of $4.19 billion during the period. Analysts expected Netflix earnings of 24 cents a share on sales of $4.21 billion. In the year-earlier quarter, Netflix earned 41 cents a share on sales of $3.29 billion. For…

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Justin Sun Further Lures Crypto Community Making Some Bold Claims at niTron Summit

Justin Sun Further Lures Crypto Community Making Some Bold Claims at niTron Summit
Source: Coinspeaker.com

Photo: TRON Foundation / Twitter The Tron Foundation has recently conducted its long-awaited and widely-promoted developer conference niTron Summit 2019. In the framework of the event Justin Sun, founder and the Chief Executive Officer of the Tron Foundation, has made a row of strong claims but it doesn’t look like the crypto community is going to blindly accept them all. niTron Summit It was a two-day conference that took place in San Francisco on January 17-18. The main aim of the event was to bring together the most prominent figures in the industry, top speakers, blockchain developers, crypto enthusiasts and many other people interested in the emerging technology and its mass adoption. The conference was a platform for them to share their experience and ideas. Moreover, the Tron Foundation standing behind niTron Summit said that their event would open new…

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