Bug on Kraken Let Users Buy Bitcoin $2K Cheaper and Sell $2K Higher

Some Kraken clients were buying Bitcoin at $8,000 or selling at $12,000 due to a bug in the test of an unreleased order type. Some Kraken clients were buying Bitcoin (BTC) for $2,000 cheaper than the market price and selling it for nearly $12,000 on Sept. 13. On Friday, United States-based crypto exchange Kraken experienced a bug that allowed some users to buy or sell Bitcoin at a notably different price from Bitcoin’s actual market price due to a reported system bug.  On Sept. 14, Kraken posted a Twitter thread…

Read More

Price Analysis 16/09: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, ADA

The impending launch of Bakkt could likely determine the price of Bitcoin for the next few weeks. Many central banks across the world are racing against each other to devalue their currencies. Crypto fund executive Travis Kling believes that Bitcoin (BTC) is a great hedge against irresponsible monetary and fiscal policies of central banks and governments. Tim Draper has said that his target price of $250,000 for Bitcoin is conservative because at that price, the leading cryptocurrency will have only about 5% market share of the currency world, which may…

Read More

First Crypto ATM Now Finally Operational in Venezuela

Venezuela’s crypto situation has been viewed as a joke by a lot of people. While the country’s official cryptocurrency, the Petro has received countless criticisms, president Maduro keeps insisting that the country is taking the project further. It also appears that Venezuela has recently managed to get its first crypto ATM. Data from Coin ATM Radar reveals that the country’s first crypto ATM was installed last week. According to the official data, the crypto ATM is located in the city of San Antonia del Tachira. The crypto ATM doesn’t seem…

Read More

Inner Mongolia Regulators Demand That China Bans Mining Farms

China may the crypto mining capital of the world, but mining in the country doesn’t come without risk. As Coinstaker revealed earlier in the year, many mining farms in Sichuan came under government investigation. It seems that the crackdowns on the mining facilities in Sichuan were not enough and the Chinese autonomous province of Inner Mongolia has had its regulators issue a notice. The notice demands that Chinese authorities aid the province in “cleaning up” its mining enterprises. Chinese crypto outlet ChainNews reports that 5 departments of Inner Mongolia have…

Read More

Report: NBA Player Spencer Dinwiddie to Tokenize $34M Contract

Spencer Dinwiddie of the Brooklyn Nets professional basketball team is reportedly planning to tokenize his $34 million NBA contract extension. Spencer Dinwiddie of the Brooklyn Nets professional basketball team is reportedly planning to tokenize his $34 million NBA contract extension. Following a three-year $34 million NBA contract extension, Dinwiddie is reportedly going to sell digital tokens tied to the contract, wherein investors in the offering would receive principal and interest, Fox Business reported on Sept. 14. NBA gradually embraces crypto  Dinwiddie thus joined other NBA players engaged with digital currency.…

Read More

ECB Official: Stablecoins Pose Risks to Public Policy Priorities

Benoit Coeure of the European Central Bank argued that stablecoins like Facebook’s not-yet-released Libra coin pose risks to public policy priorities. A board member of the European Central Bank (ECB) has argued that stablecoins like Facebook’s long-awaited Libra coin pose risks to public policy priorities. ECB board member Benoit Coeure delivered his comments on stablecoins’ regulatory issues at a meeting at the Bank of International Settlements (BIS) in Basel, Switzerland, Reuters reported on Sept. 16. Coeure specifically stated: “Stablecoins are largely untested, especially on the scale required to run a…

Read More

Blockchain Is a New Frontier According to Top Executives, Investment Levels Plummet

Although blockchain investments appear to be decreasing, adoption and sentiment are on the rise, according to various research papers. There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology. For example, Research by CB Insights in 2019 indicates that there may be a separation between corporate adoption and corporate investments into…

Read More

Sparkswap Desktop Lets Users Deposit Bitcoin Directly Into Their Lightning Wallets

Lightning service provider Sparkswap now features a desktop application with a first-of-its-kind killer feature: USD-to-bitcoin purchases that deposit sats directly into a user’s Lightning wallet. Dubbed “Sparkswap Desktop,” the new product “allows consumers for the first time ever to buy bitcoin directly into their Lightning wallets using USD,” according to a press release shared with Bitcoin Magazine. To use the feature, users wire a fee-free ACH transfer to a U.S.-domicile escrow account held by Sparkswap’s payment partner; from here, Sparkswap transfers the bitcoin into the user’s wallet using atomic swaps.…

Read More

Cryptocurrency Payments Processor BitPay Adds Support for Ether

Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether. Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH). Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept Ether for purchases without having to set up any enhancements. BitPay has also made it possible for users to store and use Ether in a BitPay wallet, and for BitPay Prepaid Visa Card holders to…

Read More

Los Angeles Mayor’s Office Hosts Blockchain Startup Competition

Two offices of Los Angeles’ municipal government have partnered with Goren Holm Ventures to host a blockchain startup contest dubbed Block Tank. The Los Angeles Mayor’s Office of Budget & Innovation and the city’s Information Technology Agency (ITALA) have partnered with Goren Holm Ventures (GHV) to host a blockchain startup contest called Block Tank. According to a Goren Holm Ventures press release published on Sept. 16, the event will take place in front of a panel of celebrity judges at investment-focused blockchain conference CIS. Investing in local innovation Winners will…

Read More