2 Feb 2019

Texploxe Daily: 2nd February 2019

The top news in the last 24 hours are shown below:

Binance opens the fiat floodgates, accepting credit card payments for crypto

Binance, the most significant spot cryptocurrency exchange by trading volume, is now accepting credit and debit cards for crypto payments, the firm announced Thursday. Binance will initially allow users to buy bitcoin, ethereum, litecoin and XRP with a credit or debit card. The firm is partnering with Simplex to support the new service. “Easy and fast credit card payments, for mainstream users, is a critical factor in broader adoption of crypto in general.

Cboe, VanEck and SolidX have re-filed their bitcoin ETF proposal with the reopened SEC

The race is back on to launch the first U.S. bitcoin exchange-traded fund (ETF) after Cboe resubmitted its joint proposal with VanEck and SolidX. Before that, the VanEck/SolidX filing was facing a final decision date of Feb. 27, after the SEC extended its examination period many times.

Squire & CoinGeek Agree to Further Extend Negotiations

Squire Mining Ltd. announced today that it and Bigfoot Holdings Group Ltd. (operating as CoinGeek Mining & Hardware) (together with its affiliates, “CoinGeek”) have agreed to further extend exclusive negotiations to March 31, 2019 for Squire to acquire the mining assets owned by CoinGeek and certain of its affiliates and other blockchain related assets (the “Transaction”).

New Mac Malware Targets Cookies to Steal From Cryptocurrency Wallets

Mac users need to beware of a newly discovered piece of malware that steals their web browser cookies and credentials in an attempt to withdraw funds from their cryptocurrency exchange accounts. Dubbed CookieMiner due to its capability of stealing cookies-related to cryptocurrency exchanges, the malware has specifically been designed to target Mac users and is believed to be based on DarthMiner, another Mac malware that was detected in December last year.

NEM Foundation Restructures Amidst Crypto Winter: Another Side to the Coin

NEM Foundation, a non-profit and community-funded platform for promoting NEM, released a memo to their community explaining the need to restructure the organization and their budget. In light of the announcement, XEM market price falls.

Seven Crypto Exchanges Now Working with Nasdaq

If a cryptocurrency exchange decides that it wants to use a new surveillance technology owned by Nasdaq, they’re going to be required to pony up more than just money. Currently, a unit of around 20 members participates in a thorough due-diligence system to ensure exchanges are 1) ethically inclined to put the software to correct use, and 2) technically capable of doing so.

PayPal Co-Founder Admits Original Mission of PayPal Was Creating A ”Global Currency” Much Like Cryptocurrency

According to recent comments from PayPal’s co-founder, Luke Nosek, the payment company was reportedly initially looking to create its digital currency long ago. Moreover, this currency was intended to be entirely separate from both governments and banks – which in many ways seems reminiscent of cryptocurrency. Specifically, these comments came during the past weeks World Economic Forum in Davos, Switzerland.

Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds

At least 51 cryptocurrency ATMs operate in compliance with the current regulations in Russia, estimates a new report. According to the study produced by the country’s crypto industry association, the average monthly turnover of each of these teller machines is around $27,000.

Markets Update: Most Cryptos Consolidating

The cryptocurrency meta-trend has seen most leading markets continue to grind sideways at key support zones, though there has been a slight bounce in the last few hours. Among the weakest performing major markets in recent days are Tron (TRX), which has broken a critical ascending trendline following the BitTorrent token (BTT) airdrop, and Nem (XEM) which has experienced heavy selling pressure following reports that the NEM Foundation is attempting to raise $7.5 million to stay operational.

Cottonwood Becomes Second Cryptocurrency ATM Operator to Receive Bitlicense

U.S.-based cryptocurrency ATM operator Cottonwood Vending has been granted regulatory approval to operate in the state of New York. As such, Cottonwood has become the second cryptocurrency ATM operator to receive a Bitlicense by the New York State Department of Financial Services (NYDFS).

South Korea Updates ICO Stance After 3-Month Investigation

The South Korean government has updated its stance on initial coin offerings (ICOs) as well as announced the results of its 3-month investigation of ICO activities carried out by Korean companies. The government found that many companies have bypassed its ICO ban and conducted token sales overseas.

Coincheck Registers 1.7M New Users Since Resuming Operations

Coincheck has reported 1.73 million downloads of its app since the Japanese cryptocurrency exchange resumed new account signups, withdrawals, deposits and limited trading in October. By the end of December, more than 900,000 of the new users had gone on to confirm their identities, in what looks like a remarkable comeback for an exchange that holds the dubious record of having suffered the worst hack in the short history of cryptocurrency.

Crypto Startups Push Swiss VC Investments to a Record $1.25B

Startups based in Switzerland have attracted a record amount of venture capital in 2018 and companies from the cryptocurrency industry have contributed to the notable increase. Zug, which is home to the country’s Crypto Valley, is among the cantons with the highest growth in investment volume, a new report reveals.

Panda Exchange Deploys Hybrid Point of Sale and Crypto ATM in Bogota

The Colombian-based Panda Group has announced the launch of a cryptocurrency point of sale (PoS) terminal called Xeler that also acts as a portable digital currency automated teller machine (ATM). The hybrid solution installed in Bogotá, at the La Tortata sweet shop, allows customers to not only buy baked goods with cryptocurrencies but can also dispense BCH, BTC, and DAI in exchange for Colombian pesos.


Bitcoin BravadoICO & Crypto News, DiddyCarter, CoinDesk, Wolf Crypto News, Bitcoin India, Economic Time, Finrazor, Crypto Yoda, ICORating, Benefit Daily, Toshi Times, Cointelegraph, News.Bitcoin.Com

Published by Shebin John

An engineer by Profession, Marketer by Choice and Investor by Passion. Computer Science Engineer who loves to spend time learning new things, technologies, and frameworks.