The top news in the last 24 hours are shown below:
MEW Integrates with Bity for Crypto-to-Fiat without KYC
Users of newly redesigned MEW V5 can now swap bitcoin or ethereum to Swiss francs or euro, direct from the wallet, through crypto finance platform Bity. The maximum amount for crypto-to-fiat exchange is 5,000 Swiss francs (CHF), approximately $5,000. Know-your-customer verification is not required.
Irish Auctioneer to Sell off 315 BTC Seized by Belgian Police
Irish auctioneer Wilsons Auctions is to sell off 315 bitcoins seized by the Belgian government in a drug trafficking case that involved the darknet. Wilsons said in a statement that the loot, with no reserve, will be sold in lots ranging from 0.5 BTC to 4 BTC each. The 315 coins consist of 104.99 each of bitcoin core, bitcoin cash and bitcoin gold. The lots for BCH and BTG “will contain a larger number of coins” the auctioneer stated.
Jesse Lund, VP of Blockchain for IBM, Says Bitcoin Will Get to $1 Million
Jesse Lund, who is the vice president of IBM’s Blockchain and Digital Currencies department, has stated that he believes Bitcoin will someday hit the $1 million mark. Lund shared his prediction on a YouTube interview that was published just a few days ago. As the interview was winding down, the IBM vice president was asked what he thinks Bitcoin’s price will be by the end of the calendar year. He responded that he believes it will be above its current price suggesting that the initial cryptocurrency will see $5,000. Lund then continued by stating, “I see Bitcoin at a million dollars someday.”
Reddit Co-founder: It Is Spring For Crypto Innovation, Winters Are Good For The Industry
Investors should not be scared about the brutal cryptocurrency winter because it is good for the long-term health of the industry. The winters provide an opportunity for the industry to grow. During a recent interview with YahooFinance, Alexis Ohanian explained that the industry grows during crypto winters. He is the co-founder of famous Reddit. At age 23, he became a multi-millionaire when he and his partner sold the site to Conde Nast. He later co-founded Initialized Capital, which finds and develops software companies, among them Coinbase and Instacart. He is the co-founder of venture capital firm Initialized Capital.
Coinbase Reveals Its Procedure for Handling Contentious Forks
On Feb. 20, the San Francisco-based cryptocurrency exchange Coinbase gave the public an inside look at how the company deals with contentious forks. Coinbase engineer Breck Stodghill specifically discussed how the trading platform dealt with the Bitcoin Cash (BCH) split on November 15, 2018.
Indian Trade Association Calls for Fast Crypto Regulation to Drive Growth
The Indian National Association of Software and Services Companies (Nasscom) has released a report that calls for regulatory certainty, particularly in areas such as cryptocurrency. The lack of legal clarity and the crypto banking ban have hindered investments in this sector, hurt crypto exchanges, and driven investors out of the country, according to the association.
Company Evades SEC Penalty Despite Illegally Issuing Security Tokens
The U.S. Securities and Exchange Commission (SEC) has decided not to impose a penalty on a company that had issued security tokens without its approval and without qualifying for an exemption. The company raised approximately $12.7 million.
Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors
The financial endowment fund of the University of Michigan, one of the oldest and most established academic institutions in the U.S., is the latest institutional investor revealed to have entered the cryptocurrency ecosystem. Its endowment is backing a crypto venture capital fund managed by Andreessen Horowitz.
‘Bitcoin Killer’ Onecoin Is Ashes But Investigations Continue to This Day
Back in 2014, a group led by a woman named Ruja Ignatova created a Ponzi scheme called Onecoin which, together with the organisation Onelife, defrauded billions from 3 million people. At peak popularity, the group declared that Onecoin would be a “Bitcoin killer” but the pyramid scheme is now in ashes, and many of its founders are in hiding after being charged with fraud and money laundering.
CME Group’s Bitcoin Futures See a Surge of Institutional Interest
The Chicago Mercantile Exchange (CME Group) has seen a significant spike in bitcoin futures volumes according to an internal investors email sent to clients on Feb. 19. CME Group’s note explains that last Tuesday’s BTC-based futures volumes touched a new record with 18,338 contracts traded and the firm says increased volumes may be due to gradually rising institutional interest.