Crypto Scams Are The Second Riskiest in North America

A report published by the Better Business Bureau (BBB) says that cryptocurrency-related scams are continually growing, becoming the second most risky of 2019 among North Americans. According to research from trust-gauging organization published on March 2nd, scams averaged about $3,000 in losses for businesses and charities within Canada and the United States. The usual tactic, the study claims, is that of false promises of a “significant” return on investment in cryptocurrencies. With such figures on the table, it represents a notable uptick since their 2018 report’s numbers, which put average…

Europe’s New AML Rules Made Crypto More Attractive to Institutions, Says Boerse Stuttgart Exec

The fifth anti-money laundering directive (AMLD5) has unexpectedly increased institutional interest in cryptocurrencies, according to an executive at the crypto trading subsidiary of Boerse Stuttgart. Speaking at the CryptoCompare London conference Tuesday, Boerse Stuttgart’s chief digital officer, Dr. Ulli Spankowski, admitted he had been “surprised” by the positive effect 5AMLD had on attracting traditional financial institutions into cryptocurrencies. “I actually didn’t think anything would happen because banks and other financial institutions could already do crypto custody [and] could do crypto trading,” Spankowski said. But since the law came into force…

Huobi Releases New Mobile App for Crypto Trading

Huobi Group has officially announced the launch of its new mobile application, Huobi Lite. Per a March 10 announcement, the new app will allow anyone to trade major cryptocurrencies on Android and iOS without fees or commissions. Users will be able to trade cryptocurrencies with fiat currencies such as the United States Dollar, Vietnamese Dong, Malaysian Ringgit, Hong Kong Dollar and Chinese Yuan through multiple payment methods, including credit cards. Crypto assets supported in the app Currently, Huobi Lite supports BTC, ETH, USDT, HT, EOS, BCH, XRP, LTC and HUSD,…

Federal Reserve Injects $168B, Greater Than Entire BTC Market Cap

After several days of plunging markets, the U.S. Federal Reserve added $168 billion into the economy — a total higher than all money currently invested in Bitcoin. “Separate auctions Tuesday in the short-term lending market, or repo, saw a two-week offering massively oversubscribed, with $93 billion offered for a $45 billion operation,” according to a March 10 CNBC news brief: “An overnight offering saw the New York Fed’s trading desk fill $123.625 billion in bids.” Essentially, the U.S. Federal Reserve has put more cash into play in the economy.  Bitcoin’s…

Bitcoin’s Plunge Due to Traditional Markets Falling or PlusToken Dumping?

Some authorities think current traditional market instability lies behind Bitcoin’s (BTC) recent plunge, while others feel the alleged PlusToken scam is the cause.  Bill Herrmann, CEO of alternative investment banking firm Wilshire Phoenix, believes Bitcoin’s recent bearishness is simply due to traditional market instability. “The recent drop in the price of bitcoin is a result of the sudden and fierce decline among most asset-classes over the last several weeks,” he told Cointelegraph, adding: “In times of extreme volatility, which is often followed by panic — most retail investors, whether it’s…

YouTube Continues Crypto Ban | Cointelegraph

In another bout of censorship, YouTube has deleted two videos form two separate crypto channels.  Ivan on Tech, a crypto programmer, tweeted that YouTube deleted one of his videos on March 9. The Moon, a technical analyst and news reporter, said the content platform deleted one of his compositions on March 10. YouTube banned many accounts in 2019 Numerous crypto YouTubers suffered bans and strikes near the end of 2019, including Chris Dunn, Crypto Beadles and Altcoin Daily. Chris Dunn noted that YouTube banned his channel for “harmful or dangerous…

Payment Giant Alipay Steps Up Game to Expand Beyond Payments

Billionaire Jack Ma, owner of payment app Alipay, seeks to lure 44 million merchants to expand services for the app’s 900 million users in everything from real estate purchases to restaurant and cinema bookings, according to a March 10 report by Bloomberg. Alipay is aiming to attract these merchants and service providers in China with mini programs — lite apps that sit on top of its interface and provide quick access to services. Coronavirus has boosted demand for online services Demand for online services has reportedly surged in China since…

Bitcoiners in Europe Reflect on Economic Shocks as Coronavirus Spreads

With assets from oil barrels to bitcoin being pulverized by the coronavirus slowdown, people worldwide are reevaluating their plans for crypto gatherings, especially in geographies where anti-COVID-19 measures are increasingly serious.  In Milan, Italy, which was officially placed in lockdown by the Italian government on Sunday, bitcoin entrepreneur and meetup organizer Mir Liponi is facing more pressing concerns than her hobbyist meetup of 1,800 members. Weddings and funerals are forbidden, she told CoinDesk. Most grocery shopping is done online, which leads to delayed deliveries. “Authorities told us we will always…

Unibright to Pilot Blockchain-Based Renewable Energy Trading in Germany

On March 9, blockchain technology provider Unibright (UBT) announced a partnership with German startup Wasserkraft Mittelrhein to use the Unibright Framework to facilitate decentralized renewable energy trading. The partnership will see the firm join Wasserkraft Mittelrhein to facilitate trading, monitoring and data analysis of renewable energy produced by decentralized power plants using the Unibright Framework. Unibright proposes a “smart grid” system, where disparate small electricity producers engage directly with energy consumers via blockchain technology. Unibright to provide blockchain technology for “Project Power-Buoy” Wasserkraft Mittelrhein is an innovative power coming aiming…

How the Steem Saga Exposes the Dangers of Staking Pools

Over the last few days, the centralization versus decentralization row has erupted in earnest. In case you missed it, the activities of Tron founder Justin Sun following his takeover of blogging site Steemit have been pivotal to the controversies. Let’s briefly recap. Earlier in February, it emerged that Sun was further expanding his crypto-empire with the acquisition of Steemit, which runs on the Steem blockchain. Steem was developed by Daniel Larimer, who also introduced the delegated proof-of-stake governance model, or dPoS, to the blockchain sphere. Larimer later went on to…