Jump to content
DMT Exchange Blog DMT Cryptocurrency Blog

Ipaytotal


Bitles


Best Change

Adamant Finance

Zank.com - Cryptocurrency Exchange | Buy and Sell BTC

Recommended Posts

Zank is an online automated cryptocurrency-trading platform.

While creating our service, we've pursued our main goal: to provide users with a modern, secured and very convenient tool for fast exchange of digital currencies. Our team has invested a lot of efforts and work towards achieving this. Some of the work we've done include:

  • All the services existing in the market were analyzed and the options which are highly-demanded by users were chosen.
  • The Zank platform has been made as concise and user-friendly as possible.
  • The exchanger was powered using secured and fast technologies.
  • Users can now buy and sell in the most transparent mode.
  • Technical support has been provided to users.
  • We conduct our activities in an open and transparent manner, without hiding our business registration details.


22af6aa87889.jpg

The project employs people with professional education, who have the necessary expertise in related areas, such as Internet banking, finance and corporate banking services. We strive to make our service the best and constantly focus on development.

Affiliate Program
Our Affiliate Program offers favorable terms of cooperation.

  • You receive 30% of the commission for each user you bring to us.
  • High commissions
  • The reward is in cryptocurrency
  • Fast payouts
  • Referral link to any page


Share your referral link, add the link on your site, blog, forum and other resources.

Site navigation:
FAQ
Documentation
Service fees
Risks notification
Affiliate Program

Buy and sell bitcoin through Zank – earn quickly and easily!

Contacts:
Tallinn, Kesklinna linnaosa, PArnu mnt 158088, 11317
License no. FRK000193, FVR000228.
Tech.support: support@zank.com
Telegram: @zank_support
Official site: Zank.com

292d1a07f54b.jpg

Share this post


Link to post
Share on other sites

ccc3e8429a48.jpg

Dear clients and partners!

Exchange service Zank.com, added to the monitoring listing XRates.ru

Using the services of automatic purchase of bitcoin on our website, we invite You to leave a review on the Zank.com exchanger


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


e4d5c9aeab1c.png

Goldman Sachs will host a conference call on May 27 titled US Economic Outlook & Implications of Current Policies for Inflation, Gold, and Bitcoin.

On May 23, Mike Dundas, the founder of crypto media outlet The Block, posted a screenshot of the invitation for the call, revealing that the event will be hosted by Sharmin Mossavar-Rahmani, the CIO of Goldman’s Investment Strategy Group, alongside Harvard economics professor Jason Furman, and Goldman Sachs’ chief economist Jan Hatzius.


b0d7bf466bbc.jpg

National People’s Congress, China’s parliament and Chinese People’s Political Consultative Conference, the most powerful political advisory body in the country, have recently begun their annual sessions. These are widely referred to as the "Two Sessions" or "lianghui" meetings. These meetings have been ongoing since May 22.

The National People’s Congress, or NPC, is China's top legislative body. Nearly 3,000 delegates from around the country meet once a year to submit proposals during the meetings. According to a Beijing News’ report on May 23, Jieqing Tan, deputy to the NPC, suggested setting up a special fund for blockchain industry development. If accepted, this fund would be led by the government. The aim of the fund is to support the development and growth of a number of promising blockchain enterprises, encourage blockchain technology innovation, and cultivate a number of unicorn enterprises in the blockchain space, says Tan.


70db670d3054.jpg

Virtual reality media platform, Sensorium, has announced its membership in the Global Blockchain Business Council, or GBBC — a Swiss-based non-profit industry association for blockchain.

Sensorium will participate in GBBC’s upcoming virtual forum on May 28, which will see the firm’s director of technology Alex Blagirev discuss his predictions for how virtual social media will change the way that people interact online. Cointelegraph spoke to GBBC to discuss the intersection between social media and virtual reality, or VR, and the role that blockchain plays in the sector’s future.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


a976a211aaec.jpg

Swiss DeFi startup Eidoo partners with principal member of Visa Europe to issue a new Visa crypto debit card.

Cryptocurrencies like Bitcoin (BTC) aren’t really easy to spend in day-to-day life, mainly because retailers prefer to stay away from crypto’s volatility. In order to build a bridge between traditional finance and emergent assets like Bitcoin, a Swiss crypto startup called Eidoo has introduced a new Visa crypto debit card that uses regulated stablecoins for crypto-to-fiat conversion.

The so-called Eidoo Card has been approved for operation by payment giant Visa. Announcing the news on May 25, Eidoo told Cointelegraph that its new card will enable 40 million Visa merchants to accept crypto-derived fiat currencies, including the British pound (GBP) and euro (EUR).


a9a874f72742.jpg

Daejeon University is the latest in a series of South Korean universities redesigning portions of its finance and technology departments. The university made an official announcement on May 25 that it would open a new fintech department called “Future Convergence.”

According to the announcement published by Daejeon Journal, the curriculum will consist of topics such as smart health care, smart city, smart factory, and various employment fields in the medical institutions by implementing blockchain technology.

Universities in South Korea are boosting educational programming related to blockchain, big data, and artificial intelligence amid the country’s crisis of college graduates who are struggling to find jobs. Daejong’s new fintech department expects that work done there will foster “talents for the 4th industrial revolution.”


fd4270f32fea.jpg

The price of Bitcoin dropped to $8,800 over the weekend and data shows miners and retail investors led the correction.


On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback.

The initial drop of Bitcoin below $9,000 coincided with a massive inflow of BTC into exchanges and Bitcoin on-chain data indicates key players were selling over the weekend.

According to data, miners, exchanges and retail investors may have led to the decline in the price of Bitcoin over the past three days.

Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


7e486ac5dd62.png

Bitcoin price is struggling to reclaim $9,000, leading investor sentiment to turn bearish on BTC’s short-term price action.

Bitcoin (BTC) price had a relatively muted day as the digital asset traded between $8,700-$8,885. Currently, the price remains below the ascending channel trendline and the daily candle closed as a neutral doji, showing bulls and bears are in contention on the direction Bitcoin will take over the short-term. As the price searches for direction and its dominance rate drops from 67% to 65.5%, a handful of altcoins continued a multi-day streak of impressive double digit rallies.


539bbacd667e.jpg

The average Bitcoin fee has fallen by nearly 54% over the last five days, but some believe network congestion could push users to altcoins.

After spiking a week ago to levels last seen in February 2018, the average Bitcoin (BTC) transaction fee has fallen by more than half. BitInfoCharts data shows that Bitcoin’s average fee decreased by nearly 54% from $6.65 on May 20 to $3.07 on May 25. The median — or most common — fee peaked at $3.91, but has now fallen to $1.65.


d8446819b9f3.jpg

The Global Blockchain Business Council believes the pandemic has shone a light on many systemic inefficiencies that blockchain technology can solve.

The Swiss-based non-profit blockchain industry association, the Global Blockchain Business Council (GBBC), believes that the crises resulting from the coronavirus pandemic have highlighted the benefits of distributed ledger technology (DLT). In email correspondence with Cointelegraph, a representative of the GBBC asserted that DLT can modernize and address the inefficiencies of the systems that underpin the organization of contemporary societies. With this in mind, the GBBC is working to foment dialogue among key policymakers and business leaders on how DLT can “address certain inefficiencies, and in some cases fundamentally shift frameworks and systems in hopes of creating more secure, equitable, and functional societies.” The GBBC will devote significant resources to engaging lawmakers over the coming years.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


cce8961c213d.png

A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges.

The report states that Tether has thus far failed to fulfill its aspiration of providing stability to the DeFi space as postulated by Paolo Ardoino, Bitfinex and Tether’s CTO. Instead, its primary use case, seems to be inter-exchange arbitrage. Another interesting observation is that these arbitrageurs do not send their tokens directly from an exchange to an exchange, but first withdraw them to their wallets. The report speculates that this may be due to the desire to control the swiftness of the transactions. In other words, this way the users can opt to pay higher Gas fees in order to expedite the transfer. In the world of arbitrage, time is money. Despite Tether’s recent rise to becoming the third biggest cryptocurrency by market cap, it remains a controversial project, with numerous questions about its reserve policies.


03617e5dbc94.jpg

LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations.

Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is the first home appliance manufacturer to join the Hedera Governing Council. Harmon noted that LG will specifically work with the other council members to identify ways that distributed ledger technology, or DLT, can benefit consumers and supply chain partners. LG has recently shown increased interest in DLT and blockchain applications. In September 2019, it was reported that the Koren tech giant began developing a blockchain-based phone to rival Samsung’s Klaytn smartphone. LG also just announced a partnership with technology company, Evernym to develop a blockchain-based identification system.


8e399f04a54c.jpg

Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered.

Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users. Almost a third of Revolut’s 10 million customers have traded cryptocurrency on the app, which caters to casual, retail crypto traders. As the lockdown restrictions were introduced during March, the average size of cryptocurrency purchases from its U.K. customers fell by 58%, from roughly $663 to $281.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


5372a4b5aee7.jpg

In a recent response to a Right to Information query, the Reserve Bank of India, the Indian central bank, has stated that there is no prohibition on banks to provide bank accounts to cryptocurrency traders.

But some banks have been arbitrarily denying services to crypto users and are still doing so. The RBI banking ban on crypto was set aside by the Supreme Court on March 4, 2020. In its detailed judgement of over 180 pages, the Supreme Court stated that the RBI action is extremely disproportionate in severing the lifeline (banking services) for cryptocurrency trading business despite crypto trading not being illegal under any Indian law and no harm or damage is proved to have been caused to these banks as a result of their relationship with crypto exchanges.


a472f2204590.jpg

The Swiss Financial Market Supervisory Authority, or FINMA, has authorized InCore bank to carry out digital assets transactions, allowing customers worldwide to access and transact within the bank.

The official announcement represents an important step in creating a blockchain-friendly environment across the EU banking sector. InCore bank becomes the first Swiss business-to-business bank approved to operate within the crypto sphere. The firm now allows the institutional clients to trade, hold, and transfer digital assets. FINMA has also allowed the bank to develop its tokenization capabilities.


16dcc52601ce.jpg

Chase Bank NA, the sixth-largest bank worldwide and a subsidiary of banking giant JPMorgan Chase & Co, will pay approximately $2.5 million to settle a class-action lawsuit alleging that it overcharged customers for buying cryptocurrency using its credit cards.

The sum was reported by Reuters following a court filing on Tuesday in Manhattan federal court. JPMorgan Chase admits no wrongdoing in the settlement, and customers who are part of the class will receive approximately 95% of the previously-paid fees back. The lawsuit alleged that Chase Bank customers who used their credit card to purchase cryptocurrency were improperly charged pricey “cash advance” fees. The suit originally asked for $1 million for affected customers, but the final settlement is significantly larger.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

74066820cace.jpg


Good day, dear customers and partners.

Thanks for using Zank.com!
As you know, customer feedback is key to running a successful business. We greatly value our customers' feedback and would love to hear from you.

OKchanger
RatesGuru
XRates


It'll only take you a minute, and your feedback will help us improve the service we provide to you and to all of our customers.

All the best,
The Zank Team

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


b474670cf044.jpg


The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry.

Kvarøy Arctic is a supplier for numerous restaurants and Whole Foods retailers in the United States and Canada, and will now utilize blockchain technology to provide detailed information on the origin of its produce to restaurants and consumers. Information regarding the origin of salmon farmed by Kvarøy Arctic will be accessible to corporate buyers and consumers through QR codes. Customers will be able to access comprehensive information and images detailing the conditions under which the salmon was produced, including the population and density of the habitats in which the salmon were raised, their age, date of harvest, and information concerning the supply route taken from farm to supermarket. The salmon producer is also working with its feed supplier BioMar to also provide its supply chain data to the project.

3d30842a719a.jpg

Ripple’s Xpring initiative has invested at least $500 million in various projects since it was launched in 2018.

The Block’s John Dantoni tracked Xpring’s investments and found that the initiative has contributed to at least 27 projects to date, including Compound, Dharma, Securitize, Bitso and Forte.

Xpring invested $100 million in Forte last year - a blockchain-based gaming platform, which leverages Xpring's open-source Interledger Protocol with XRP serving as a base pair settlement. Many of Xpring’s investments are related to Ripple’s core business model, centered around XRP and payments development, as Dantoni noted. Last year, Xpring made at least 18 investments. This year, the initiative has been quiet, with only two investments so far - in crypto ATM provider Coinme and blockchain platform for decentralized applications NEAR Protocol.


e0bd8f3ef8e3.jpg

The Office of the Comptroller of the Currency – which regulates banks in the U.S. – is seeking feedback from the public on the digital activities of national banks and federal savings associations, which includes actions related to cryptocurrencies and digital assets.

The OCC published two notices on Thursday, a Notice of Proposed Rulemaking and an Advance Notice of Proposed Rulemaking, which cover a range of topics related to its remit as a regulator of U.S. banks. It's the second of two notices that focuses on digital activities and hones in on the topic of crypto.

The OCC has set a deadline of August 3 for the receipt of public comments. The OCC is currently led by Brian Brooks, a former chief legal officer for crypto exchange Coinbase, on an interim basis.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


3d8f1cf69d0b.jpg

China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs.

An asset-backed commercial paper is a short-term investment issued by financial institutions to help companies meet short-term goals. Dubbed “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” the period of the Lianxin ABCP is six months and the span of the next issuance is yet to be specified. An official of the NAFMII noted that the use of blockchain technology would provide enterprises a “direct channel to markets, helping to greatly increase the accessibility of business financing.”


a78ca16c3ba7.jpg

In the midst of ongoing protests across the United States, some turned violent by police brutality, one publication has uncovered information on a Pentagon war game created in 2018 that has an uncanny resemblance to current events.

According to a June 6 article on The Intercept, documents reveal the United States Pentagon created a game called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS). In the scenario, members of Generation Z — people born starting in the mid-1990s — are rewarded in Bitcoin (BTC) for their efforts starting a rebellion, i.e. “Zbellion”. Players in the fictitious United States in the 2020s are given the proceeds of their attacks on target corporations, financial institutions, and political and non-profit organizations that support "the establishment" in the cryptocurrency. According to the document, “Zbellion uses software programs to route any proceeds into laundering programs that ultimately convert national currencies into Bitcoin” and makes "small, below the threshold donations" to "worthy recipients", including members who conduct the attacks or have a financial need.


67349446be3b.jpg

The CEO of FinTech company CoolBitX says only 10% of countries in the FATF are prepared for the June 24 meeting to discuss the travel rule.

The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s “travel rule”. According to Pawel Kuskowski at Forbes, the FATF meeting will be held virtually in two weeks to discuss the organization’s guidelines intended to make VASPs compliant with anti-money laundering (AML) and Anti-Terrorist Financing (ATF) regulations. He says FATF member jurisdictions “must demonstrate progress” on implementing the travel rule, as their efforts will be reviewed at the June 24 meeting.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


3d8f1cf69d0b.jpg

China Zheshang Bank, a national commercial bank, used blockchain technology to issue an asset-backed commercial paper, or ABCP. It was issued as a part of the National Association of Financial Market Institutional Investors’s (NAFMII) pilot project for ABCPs.

An asset-backed commercial paper is a short-term investment issued by financial institutions to help companies meet short-term goals. Dubbed “Lianxin 2020 Lianjie First Phase Asset-backed Commercial Paper,” the period of the Lianxin ABCP is six months and the span of the next issuance is yet to be specified. An official of the NAFMII noted that the use of blockchain technology would provide enterprises a “direct channel to markets, helping to greatly increase the accessibility of business financing.”


a78ca16c3ba7.jpg

In the midst of ongoing protests across the United States, some turned violent by police brutality, one publication has uncovered information on a Pentagon war game created in 2018 that has an uncanny resemblance to current events.

According to a June 6 article on The Intercept, documents reveal the United States Pentagon created a game called the 2018 Joint Land, Air and Sea Strategic Special Program (JLASS). In the scenario, members of Generation Z — people born starting in the mid-1990s — are rewarded in Bitcoin (BTC) for their efforts starting a rebellion, i.e. “Zbellion”. Players in the fictitious United States in the 2020s are given the proceeds of their attacks on target corporations, financial institutions, and political and non-profit organizations that support "the establishment" in the cryptocurrency. According to the document, “Zbellion uses software programs to route any proceeds into laundering programs that ultimately convert national currencies into Bitcoin” and makes "small, below the threshold donations" to "worthy recipients", including members who conduct the attacks or have a financial need.


67349446be3b.jpg

The CEO of FinTech company CoolBitX says only 10% of countries in the FATF are prepared for the June 24 meeting to discuss the travel rule.

The Financial Action Task Force (FATF) has a plenary meeting scheduled on June 24 to assess the progress of Virtual Asset Service Providers (VASPs) worldwide in enforcing the organization’s “travel rule”. According to Pawel Kuskowski at Forbes, the FATF meeting will be held virtually in two weeks to discuss the organization’s guidelines intended to make VASPs compliant with anti-money laundering (AML) and Anti-Terrorist Financing (ATF) regulations. He says FATF member jurisdictions “must demonstrate progress” on implementing the travel rule, as their efforts will be reviewed at the June 24 meeting.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


2c48c599e177.jpg

Two US-based law firms are the latest victims of the REvil malware group, which is auctioning off their sensitive data.

Ransomware group REvil has started another auction on the dark web listing sensitive data stolen from two US-based law firms. The listing appeared June 6 through REvil’s official blog on the darknet, where bidders look to acquire 50GB of data from Fraser Wheeler & Courtney LLP and 1.2TB of data from the database of Vierra Magen Marcus LLP. Information auctioned includes client information, internal documentation of the company, electronic correspondence, patent agreements, business plans and projects, as well as new technologies that have yet to be patented.

The starting price for the auction listing of Fraser Wheeler & Courtney LLP is $30,000 to be paid Bitcoin (BTC).


78d2cfc3a7f2.jpg

In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain.

According to an announcement posted to the company’s website on June 8, Sekisui House said that it would use blockchain for rental housing contracts, including covering electricity and gas. The measures will be implemented before March 2021. Users staying in “Shamaison” rental homes will be able to register their phone numbers and addresses to enter the property without ever contacting a real estate agent. Existing technology makes it possible for Sekisui House clients to open and close doors with just their smartphones.


f2a623d6c39c.jpg

Cryptocurrency-powered web browser Brave is partnering with the Korean pop group BTS and Rush Gaming to provide a limited edition release of its browser for residents of Japan.

Japan’s Nikkei newspaper reported on June 5 that the Brave Browser and BTS — AKA the Bangtan Boys — have developed a browser exclusively for users in Japan. This is the first known collaboration between a privacy-based browser like Brave and a K-pop boy band. According to the Nikkei, the two aim to find a new touchpoint between idols and fans. Users of the limited edition browser can earn points by watching ads to support Rush Gaming’s e-sports team.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


55fbb4651c73.jpg

Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy.

According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from which they request the balances or transaction history. The statement said that conventional Bitcoin wallets explicitly ask servers for the balance of their addresses, which links the balance, transactions and addresses. However, “using the technology Fressets has developed, it is mathematically proven that the servers cannot learn anything from the user’s query.”


0404e0740591.jpg

London-based ETC Group will list the first crypto exchange-traded product on Germany's Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new product.

According to ETF Stream, the ETC Group announced on June 9 that Bitcoin Exchange Traded Crypto (BTCE), an exchange-traded product (ETP), will launch on Deutsche Börse Xetra after it receives approval from German financial regulators. BTCE tracks the price of Bitcoin (BTC) and is physically backed by the cryptocurrency. The Bitcoin will be held in cold storage by digital asset custodian BitGo.


143e034236d9.jpg

New research from MIT says a decentralized protocol is a must for secure online voting, however the current online voting platform is too centralized and vulnerable.

The pandemic has forced many companies to move their operations online. It has also brought the question of online voting to the forefront of conversation in the United States, which is facing an election year. According to a June 7 paper from researchers at the Massachusetts Institute of Technology and University of Michigan, Democracy Live’s popular online voting platform, OmniBallot, is vulnerable to vote manipulation. Many states have tried OmniBallot, which uses Amazon Web Services to lock in votes, but it has faced security issues. A more decentralized online voting is part of the solution to protect ballots, the researchers say.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


640d1de0cd58.jpg


The Human Rights Foundation (HRF) has launched a fund to support software developers working on privacy-focused Bitcoin projects.

The New York-based nonprofit, which aims to promote and protect human rights globally, announced the initiative in a press release on Wednesday. The HRF said it is starting the fund in order to "better serve as a financial tool for human rights activists, civil society organizations and journalists around the world." HRF is also seeking more support via a crowdfunding campaign in which 95% of donations collected will be used to fund the work of selected developers. (The remaining 5% will support HRF's efforts in general.)


33afe05f31d6.jpg

The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.

The collaboration will see Galaxy Digital Trading’s (GDT) matching engine and trading platform offered alongside Bakkt’s digital asset custody services. The partnership will see GDT source liquidity from over 30 market makers, with trading taking place 24 hours a day, 365 days per year. GDT generated over $1 billion in digital asset volume during the first quarter of 2020 spanning its spot, lending, derivatives, and structured crypto products.


19f3d7b57489.jpg

As Bitcoin continues to hold above $9,800, one whale decided now was the time to move more than $1 billion in BTC.

According to blockchain data, an unknown Bitcoin (BTC) trader moved over 132,255 BTC — roughly $1.3 billion — in three transactions just one minute apart on June 11. The cryptocurrency was moved in block 643,133. The transactions came as the price of BTC was still under a key resistance level, $10,000. The massive volume led to speculation the BTC belonged to an exchange or custodial service with one user on Reddit speculating Coinbase Custody was responsible.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


301c90d202d6.jpg

The popular DeFi app Celsius Network has publicly launched a $15 million equity offering, selling out over two-thirds of its target in less than six hours.

Pioneering decentralized finance (DeFi) application Celsius Network has launched an equity offering through Bnktothefuture. As of this writing, the campaign has raised over $10.7 million of the $15 million maximum, and has surpassed its minimum investment goal of $10.5 million. Thirty-nine investors have participated so far, with 44 days remaining on the raise. The minimum investment in Celsius’ equity fundraising round is $1,000. The round is open to both U.S. and international investors.


d16977bb05f8.jpg

Seychelles-based exchanges led the world in cross-border Bitcoin (BTC) transactions in 2019. What Switzerland is to the world of watchmaking, Seychelles is to the world of crypto exchanges.

The small island nation with a total population of less than 100,000, presents a perfect playground for the enterprises that are looking for a place that allows them to optimize their tax liabilities with regulators who operate with a light touch. The most active international trade routes are Seychelles — EU, Seychelles — US, and Seychelles — South Korea, each connection producing volumes in excess of $2 billion.


1f80a9ac0572.jpg

The $5.7 trillion asset manager Vanguard has completed the first phase of its pilot testing of settlements for blockchain-based asset-backed securities.

Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS). The pilot has seen Vanguard partner with a large U.S.-based ABS provider, distributed ledger technology provider Symbiont, and financial institutions BNY Mellon and Citi, to model the full life cycle of securities settlement using a distributed ledger technology network. As of April 30, Vanguard managed $5.7 trillion in assets globally, offering more than 425 funds to 30 million investors.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


3500539338d8.jpg

350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses.

A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region. According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe that they will invest even more to mitigate the effects of the crisis.


de269da97e96.jpg

Data from Bitinfocharts show transaction fees average 71 cents. That’s a big drop from last month when they were as high as $6.65.

Bitcoin's transactions fees have dipped to fresh lows—the cost of sending the cryptocurrency now averages $0.711, data from Bitinfocharts shows. Bitcoin transaction fees have plummeted since a spike last month following May 11’s halving. The cost of sending Bitcoin reached a peak of $6.65 on May 20—the highest average transaction fee since July 2018. Data shows transaction fees have dropped by almost 90%—89.3% to be precise—in just 25 days.


717e14f63b83.jpg

A bug in latest code for Trezor hardware wallets could temporarily lock users out of their Bitcoin. To keep spending your digital gold using Wasabi, don’t update to the latest version.

Apersonal safety announcement from privacy-focused Bitcoin wallet Wasabi today: don’t update your Wasabi wallet if you use a Trezor device. If you do, you could temporarily lose access to your Bitcoin. While you’re at it, don’t update your Trezor devices if you’re using Wasabi. If you’re using a Trezor Model T, don’t update to version 2.3.1., and if you’re using a Trezor One, don’t update to 1.9.1.

Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


72ea0fb4f4e1.jpg

The chairman of the Federal Reserve sees no issues with the massive expansion of the Fed’s balance sheet and believes that inflation will struggle to stay above the target.

Jerome Powell, the chairman of the Federal Reserve, reported on the state of the economy at a Senatorial hearing held on June 16. During the initial report on the state of the economy and the actions taken by the Fed in response to the Coronavirus crisis, the chairman listed all of the extraordinary measures adopted by the bank since March. Part of that included an unprecedented expansion of the Fed’s balance sheet, which purchased securities on the market with newly created money as part of the practice of Quantitative Easing. The remainder of the session largely focused on the perspective of employment after the crisis, as well as the recent decision to purchase corporate bonds, which some senators criticized as being unnecessary.


6ed97e1cc423.jpg

The Advertising Standards Authority and the Internet Advertising Office joined forces to launch a system to remove scam ads.

The United Kingdom Advertising Standards Authority (ASA) and the Internet Advertising Office (IAB) launched a new system on June 16 to detect and remove online fraud ads. According to the Telegraph, the system will allow people to report fraudulent ads, especially those that appear in paid-for spaces. One of the main motivations behind the alert system is ongoing concerns about the rise in ad scams that are mainly related to crypto-related fraud, said both authorities. Cointelegraph reported in January that the FCA will be monitoring anti-money laundering (AML) and counter-terrorist financing (CTF) for companies carrying out cryptocurrency-related activities.


e081c1a68748.jpg

The World Economic Forum has recognized six blockchain companies on its list of 100 Technology Pioneers for 2020.

The World Economic Forum (WEF) has recognized six blockchain firms on its list of 100 ‘early to growth-stage’ companies as Technology Pioneers for 2020. According to the WEF’s website, the blockchain and crypto startups recognized for pioneering new technologies and innovations in 2020 are Lightning Labs, Chainlink, MakerDAO, Bitcoin analytics firms Elliptic, Latin America-based cryptocurrency startup Ripio, and Veridium Labs. They’re among 100 companies from around the world chosen for their contributions to bleeding edge technology, from “artificial intelligence to diagnose cancers and quantum computing systems, to carbon capture and removing technologies, cell-grown meat production and use of microbiome to track goods”.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


78c3b5ff19d0.jpg

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.


c864f602af50.jpg

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.


5985eafaf10b.jpg

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.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


07acc64d7967.jpg

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.


7f56684c19e5.jpg

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.


501f769951bd.jpg

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.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


c95e321556ba.jpg

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.


dace14143ecc.jpg

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.


86ab0891ec64.jpg

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).


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


05fb362413e5.jpg

As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a regional scale.

While most retail CBDCs focus on internal economic matters, some projects aim to facilitate trade relations within a specific region, forming a digital alternative to the greenback. The most eloquent example would be the East Asia cryptocurrency that was proposed earlier in June — a virtual asset backed by a basket of currencies including the Chinese yuan, Japanese yen, South Korean won and Hong Kong dollar.

The United States dollar remains the undisputed king when it comes to international trade. According to the International Monetary Fund, around 61% of all foreign exchange reserves are allocated in the dollar as of 2019. Similarly, the U.S. sovereign currency serves as the main medium for cross-border deals, even for deals not involving the U.S. itself. For instance, 86% of India’s imports are paid for in dollars, while only 5% of them actually originate in the U.S.


66aea0a73bdd.jpg

A group of researchers from SophosLabs state that hackers operating the cryptojacking malware, Glupteba, have been using the Bitcoin blockchain network to communicate in secret.

According to the report published on June 24, cybercriminals rely on a command and control center where they send encrypted secret messages that require a 256-bit AES decryption key. The purpose of the communication channel is for hackers to receive updated configuration information for the malware. This data is used by attackers to obtain precise instructions and thus update the malicious software. Glupteba is what’s known as a zombie or software robot that can be controlled remotely. It has various functions such as a rootkit, security suppressor, virus, router attack tool, browser stealer, and as a cryptojacking tool.


4b1e9cc08c28.jpg

Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan.

According to Nikkei, as the first step in the journey, Tokai Tokyo is investing in blockchain company Hash Dash Holdings to leverage the company’s knowledge to develop the exchange. Hash Dash aims to apply blockchain technology to the financial industry for issuing digital securities and providing a trading service on smartphones. The planned exchange will trade in tokenized real estate, and Tokai Tokyo, Hash Dash and ICHX TECH will explore this sector by digitizing Japanese real estate and trade it at iSTOX, a digital security exchange in Singapore it has invested in. They are also exploring digitizing IPs and corporate bonds.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


2442e8bc51b3.jpg

Building Cities Beyond (BCB) Blockchain, a Singapore based tech solution company for smart cities, has launched an innovation grant, worth $15 million, to encourage development on its ecosystem, according to Fintech News Singapore.

The BCB Innovation Grant is said to target up to 1,000 projects within Asia. The $15 million grant will cater to technology startups in the region, with grant participants also gaining access to BCB workshops and facilities to assist and bolster their development capabilities. BCB will also set aside $2.8 million of its innovation grant to fund game development projects on the BCB platform, in order to attract developers to its platform.


85f667f2e5f9.jpg

The Australian Cyber Security Centre said a group of “state actors” hacked Australian networks on June 19 and one of the vulnerabilities they exploited is related to cryptojacking malware attacks.

According to the 48-page report released on June 24, the threat actors exploited four critical vulnerabilities in Telerik UI, including CVE-2019-18935, which was recently leveraged by the Blue Mockingbird malware gang to infect thousands of systems with XMRRig, a Monero (XMR) mining software.


fe80eb74eaa6.jpg

While 80% of the world's central banks are exploring digital currency, China has been on this particular journey for a good six years. In 2014, Xiaochuan Zhou, then Governor of the People's Bank of China, established a Digital Currency Research Institute with the goal of exploring its potential use for the PBOC, which is the country’s central bank. The following few years saw the birth of a few research centers scattering across the country.

Now that 6 years have passed, DCEP—the abbreviation for “digital currency, electronic payment”— is China’s answer to a digital currency issued by the central bank. (It’s 数字货币 in Chinese, which means “digital currency” but plenty of people there actually use the English "word" DCEP.) Pilot projects have been ongoing in Shenzhen, Xiongan, Chengdu, and Suzhou, where it’s being used for things like transportation, education, healthcare, and other consumer goods and services. It's slowly gaining momentum, and from the outside, DCEP looks awfully like any other cashless payment solution.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


2bbad35f524b.png

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.


dd129afea3bb.jpg

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.


ee15ba124ec4.jpg

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.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


b99e1d00e038.jpg

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.


88a04f24b8e4.jpg

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.


9f27ecf5e482.jpg

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.


Buy and sell bitcoin through Zank – earn quickly and easily!
 

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


847d88603f99.jpg

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.


7e2c798b5031.jpg

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.


fd54f8ab377d.jpg

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.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


a9464e8d926a.jpg

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.


8d5a515a99dd.jpg


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.


28ea5449b943.jpg

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!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


f10ed835b59f.jpg

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.


eb2d99e965b9.jpg

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.


83cd4de14be0.png

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!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


f98c19a9a630.jpg

Central Bank Digital Currencies, or CBDCs, have been an increasingly popular topic in the cryptosphere and financial world as a whole, especially with the onset of the COVID-19 crisis. In the United States, the need for a universal electronic payment system for stimulus checks gave rise to a proposition for the creation of a digital dollar and its implementation.

While members of the U.S. government move to create a CBDC on the back of the pandemic, it doesn’t end there. A recent report by the Bank for International Settlements has also revealed that the development of CBDCs may be accelerated by the impact of the coronavirus on retail payments, which have seen a sharp decline in cash payments due to concerns over viral transmission. However, CBDCs have been in the works for many years in some countries, as there are many other benefits in the eyes of lawmakers that speak in favor of introducing them. In fact, the Chinese government has been working on its digital yuan since 2015, with few details about the project being known.


31b060a9dcc4.jpg

Amid the COVID-19 pandemic, one thing is clear: The video games industry is thriving. As people around the world find themselves with more time on their hands thanks to government-mandated lockdowns and a partial economic shutdown, video game sales have skyrocketed.

Despite being overshadowed by some of the more glamorous uses for blockchain technology, the gaming industry may be poised for a generational leap forward with the advent of asset tokenization — a practice that could expose the gaming industry to a whole new wave of investors while simultaneously unlocking myriad benefits for the world’s 2.5 billion gamers.


e7bce76a00e7.jpg

Digital currency payments may become a reality for G20 members before the next summit in Saudi Arabia.

As reported by Kyodo News on July 11, officials revealed that the G20 summit compromising representatives from 19 countries and the European Union will be laying the groundwork to accept digital payments. The changes are expected to begin in October, presumably at the G20 Finance Ministerial and Deputies Meetings in Washington DC and before the next summit in Riyadh in November.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites


News of the cryptocurrency market:

7a60c3a845ce.jpg

The World Economic Forum believes that blockchain could contribute to a $365 billion savings by 2030 by reducing food loss and waste in the food supply chain.

A report published by the World Economic Forum, or WEF, highlighted the critical role of fourth industrial revolution technologies. New technologies like blockchain could help stimulate growth by implementing “nature-positive” solutions following the COVID-19 outbreak. According to the “Future of Nature and Business” study shared with Cointelegraph, nature-friendly solutions could have the capacity to create 395 million jobs and generate $10.1 trillion in business opportunities by 2030.


82caed140336.jpg

Xiao Gang, the former chair of the China Securities Regulatory Commission, says in his latest book on China capital market reforms that the development of a central bank digital currency (CBDC) will pave the way for digital stocks.

Stocks and currencies are separate entities in traditional finance, however blockchain-based digital currencies blur the boundaries between the two and raise new possibilities. Xiao adds that “digital stock is the natural product of digital currency in the future.” Before that can happen a number of challenges that need to be explored in theory and practice including: how to connect the CBDC with the digital capital market, how to prepare smart contracts to issue digital stocks, and how to use the digital currency to carry out digital stock trading and settlements.


6deb33eeeb3c.jpg

The Japanese government is expected to include consideration of a central bank digital currency (CBDC) in its official economic plan. The news comes 10 days after the Bank of Japan’s announcement that it will start experimenting with the digital yen to check its feasibility from a technical perspective.

According to Nikkei, the consideration of CBDC will be included in the Honebuto Plan for Economic and Fiscal Revitalization. The Honebuto Plan is the basis for Japan’s economic and fiscal policy and the report says the Japanese government “will consider a CBDC while coordinating with other countries”. After China began testing its CBDC or digital yuan, the Japanese government has accelerated preparations for its own CBDC.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


111b7fab2432.jpg

Elliptic says 22% of bitcoins from Twitter hack were likely sent to a Wasabi Wallet address for mixing

Blockchain analysis company Elliptic released a report today saying 2.89 bitcoins were sent to an address it believes to be a part of a Wasabi Wallet. According to the report, the funds, which account for 22% of the funds obtained by the Twitter hacker, were sent to a Wasabi Wallet address late Thursday night. Elliptic used a special feature to identify Wasabi Wallet addresses using what it called "distinctive transaction patterns." Blockchain data analyzed by The Block Research previously identified signs of mixing transactions.


68624e0e46cb.jpg

The “Mekotio” trojan went from conventional banking malware one fine-tuned to steal crypto.

According to a report published by cybersecurity firm ESET, the malware is known as “Mekotio” and has been active since approximately March 2018. Since then, threat actors have been continuously upgrading the capabilities and range of attack, mostly known by targeting over 51 banks.


aba921b15831.jpg

Bitcoin’s (BTC) consistent failure to break the $9,400 level over the past three weeks has led to some analysts becoming skeptical about the chance of a positive breakout.

Although the $9,000 support has been holding strong for the past 50 days, any slightly negative indicator tends to get more attention from media and pundits. Recently, crypto media has focused on Bitcoin’s 25 % skew as proof that options traders are turning bearish in the short-term, but in reality there’s more to it than just interpreting signals from one data point.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


903505f71de1.jpg

The former chief operating officer at disgraced payments firm Wirecard has reportedly transferred "significant sums" of bitcoin following his escape from Germany, according to reporting by a leading German business newspaper Handelsblatt.

Jan Marsalek was a key figure behind the breakdown of Germany-based Wirecard, which has made headlines for filing for insolvency and allegations of improper accounting tied to billions of dollars that went missing from its balance sheet. The transfer of bitcoin suggests Marsalek is now in Russia. As per German publication Handelsblatt, Marsalek has been missing for weeks and he "is said to have brought significant sums to Russia in the form of bitcoins from Dubai, where Wirecard had dubious operations" as per a translation of a Sunday evening report.


219078329cfc.jpg

Payments giant PayPal is said to have partnered with Paxos Crypto Brokerage to launch its crypto service.

Paxos Crypto Brokerage was launched last week, with Revolut U.S. as its first client. The API-based brokerage service allows fintech firms to integrate crypto buying, selling, holding and sending capabilities into their own applications. Paxos handles all regulatory, technological, and liquidity aspects, while fintech firms take care of front-end experiences.


19745d2bfbca.jpg

Barry Silbert, CEO of cryptocurrency investment firm Grayscale Investments and Digital Currency Group, believes the United States is past the point of no return for banning Bitcoin.

The CEO said relationships with regulators are much better off due to the effort made by groups including the Blockchain Association — a group speaking out in favor of many blockchain and crypto companies in front of the SEC — and Coin Center, a non-profit crypto advocacy group. Grayscale reported a substantial increase in the inflow of cryptocurrencies for Q2 2020, which totaled $905.8 million. This was up from $503.7 million in Q1.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


37967ed76f90.jpg

The government of South Korea has finalized its plan to charge a 20% tax on income generated from cryptocurrency transactions.

The country's Ministry of Economy and Finance amended its tax code on Wednesday, saying that an annual income of more than 2.5 million won (~$2,000) from crypto trading will be subject to a 20% tax for residents. Any income less than that amount will have no charge.


062c8b77aac2.jpg

Bitbond, a Germany-based firm that provides blockchain enabled tokenization services, announced on Tuesday that it had become a member of the German bank association Bankenverband.

In an emailed announcement, the firm said that the bank association has already been working with initiatives like the digital euro, and BitBond would contribute its expertise in the tokenization and digital asset custody area through its membership. Bankenverband, or the Association of German Banks, represents about 200 commercial banks in the country. Back in February, BitBond said it had partnered with the Munich based bank, Bank von der Heydt, to help integrate blockchain technology with the bank’s established securitization services.


1c9fd75830fe.jpg

Leading NFT collectibles issuer Dapper Labs has announced a deal with Dr. Seuss Enterprises to launch tokenized collectibles depicting the firm’s iconic characters.

Dapper will sell digital packs of the crypto collectibles, allowing fans to assemble and curate NFT collections. Fans who assemble specific 'sets' of tokens will unlock exclusive content, and be able to access unique experiences beyond those offered by the purchasable packs.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


5b99ad3f006f.jpg

The CEO of a crypto firm that recently settled with the SEC over its 2017 ICO is suing T-Mobile over a series of SIM-swaps that resulted in the loss of $8.7 million worth of crypto.

According to filings published on July 22, the chief executive of crypto company Veritaseum, was first targeted by SIM-swappers during July 2017. Despite immediately reporting the incident to T-Mobile, Middleton claims to have been the victim of four successful SIM-swaps over the rest of 2017, and further attacks during 2018 and 2019.

f429fd89893f.jpg

Gibraltar Finance, the business development arm of Gibraltar’s government, will provide support to the forthcoming Post-COVID Hackathon.

Gibraltar Finance has been announced as an official partner of the upcoming Post-COVID Hackathon — a global, online initiative intended to create open-source solutions addressing the health, social and economic challenges posed by the post-COVID-19 era. The event is expected to see participation from hundreds of teams internationally building in the distributed ledger technology (DLT) sector, with over 200 industry experts slated to assist participants.


86314ec74727.png

As real estate security tokens grow in popularity, tZERO has partnered with Aspen Digital to support trade in a five-star resort-backed token.

Leading security token exchange tZERO has partnered with Aspen Digital Inc. to enable trade for Aspen’s digital security. The ‘ASPEN’ token, previously dubbed ‘Aspen Coin’, represents $18 million worth of indirect ownership in the St. Regis Aspen Resort — a five-star, 179-room hotel situated in Colorado. ASPEN’s listing on tZERO comes as the popularity of real estate tokens continues to show steady growth.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


fc680e60bf2b.jpg

Brave Browser takes the security and privacy of iPhones and iPads to the next level by partnering with Guardian, provider of VPN and Firewall services.

July 27, Brave Software partners with Guardian to bring greater levels of security and privacy to the iPhone and iPad users. This partnership will combine the privacy stack of the two companies — Brave’s privacy focused browser with Guardian’s VPN and firewall service. The iOS users of Brave Browser will be able with one click to turn on Brave Firewall + VPN that will protect the entire device from privacy intruding trackers.


38e353da7bdd.jpg

China’s Blockchain-based Service Network (BSN) will be integrating with some of the most well-known public blockchains over the next 12 months.

He Yifan, CEO of Red Date Technology, the private company behind the BSN, told Cointelegraph that the network aims to integrate with 30–40 public blockchain networks by June 2021. In the following year, it will further integrate more blockchains to purportedly double that number. Launched in April, BSN is China’s first government-backed blockchain initiative that was initially positioned to help small to medium-size businesses and entrepreneurs build and deploy blockchain applications on permissioned blockchains. It has since registered 6,000 enterprises and individuals on the network.


4298663e97a0.png

Registered by Swiss crypto investment manager FiCAS, the new Bitcoin Capital Active ETP trades crypto without direct investor involvement.

Swiss SIX Exchange, one of the world’s largest stock exchanges, is listing a new cryptocurrency exchange-traded product, or ETP. Dubbed the “Bitcoin Capital Active ETP,” the new trading product represents an actively managed crypto ETP, trading Bitcoin (BTC) against 14 top altcoins like Ether (ETH) and exiting to fiat without active involvement from investors. Claimed to be the world’s first actively managed crypto ETP, the new product is now listed on SIX Exchange under index BTCA.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


2f6a9fcd11fb.jpg

Bakkt breaks another record with more than 11,700 Bitcoin futures contracts traded on Tuesday.

Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year. The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul. 28 with 11,506 contracts — an increase of 85% over the previous record. The move followed a surge in the underlying asset’s price to a 2020 high of $11,400.


298f28c1761b.jpg

New York investment bank Goldman Sachs is raising its price target for gold while sounding the alarm about risks to the U.S. dollar.

In a note to clients Tuesday, the bank reaffirmed its position of gold being "the currency of last resort" amid uncertain economic conditions, raising its price target for gold to $2,300 per ounce after a surge to record levels earlier this week. The bank tied the metal's rally to a "potential shift in the U.S. Fed towards an inflationary bias against a backdrop of rising geopolitical tensions, elevated U.S. domestic political and social uncertainty and a second wave of Covid-19 related infection."


c8f85510cd4c.png

Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex.

Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again. According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 3503 Bitcoin (BTC) — worth roughly $38.7 million — over 12 transactions. The largest individual movement was of 476.32 BTC, or approximately $5.2 million, while the smallest was 2.612703 BTC, or $28,849.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

News of the cryptocurrency market:


d708742fa4b7.jpg

In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis.

“The United States printed more money in June than in the first two centuries after its founding,” Morehead wrote. “Last month the U.S. budget deficit — $864 billion — was larger than the total debt incurred from 1776 through the end of 1979.” Morehead made it clear that Pantera Capital sees Bitcoin as the solution for the current crisis. He also contrasted the effects of money printing in recent months, to how the equivalent amount of currency had performed across centuries.


3cf055254796.jpg

Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability.

As the initial coin offering (ICO) boom subsided and the 2018 crypto bear trend began to set in, many analysts predicted that security tokens may drive the next market cycle — with the vast capital locked in the real estate sector being eyed hungrily for tokenization. However, with the Bitcoin halving, Ethereum 2.0, and the emergence of DeFi capturing the imagination of crypto markets recently, real estate tokenization is no longer the flavor of the month, and some are questioning its viability.


0ccc86da8b6f.png

US GDP dropped a mammoth 32.9% in Q2, sharply contrasting with a cryptocurrency market that grew over the same timeframe.

The gross domestic product of the United States just had its worst quarter-to-quarter drop in history. But the economic slump hasn’t had an adverse effect on Bitcoin crypto. According to the US Department of Commerce’s Q2 report, US GDP fell 32.9% in Q2, the worst quarter-to-quarter change in the country’s history. The second worst plunge came in 1921, when GDP fell some 28%. For comparison, the most drastic hit to GDP during The Great Recession was in the ballpark of 8%.


Buy and sell bitcoin through Zank – earn quickly and easily!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

×
×
  • Create New...