Kik Messenger Saved From the Verge of Shutdown

Kik almost went to the verge of shutting down because of its lawsuit with the SEC. A buyout from MediaLab saved it. On Oct. 13, Canadian social media and messaging app Kik revealed it’s “here to stay.” This was an apparent reversal from what the company’s CEO, Ted Livingston, said in a blog post — that it was considering shutting down. It became clear just five days later why it was “here to stay.” A Santa Monica-based holding company, MediaLab, had signed an agreement with Kik Interactive to buy its…

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‘No Borders’ — Alistair Milne Sends Bitcoin Instead of $2.6K Gold Bar

Following a giveaway announcement in September, Alistair Milne gives away Bitcoin instead of a $2,600 Denarium gold bar. Bitcoin (BTC) investor Alistair Milne was eventually forced to send Bitcoin instead of a $2,600 gold bar as part of his recent giveaway. Following a giveaway announcement on Sept. 19, Milne has revealed the winner as well as other giveaway details in a thread on Twitter on Oct. 22.  Giveaway background As originally envisaged, Milne should have given away a $2,600 Denarium Bitcoin Decennium 2019 as part of the giveaway with the…

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Adam Back: Creating Altcoins More Attractive Than Building on Bitcoin

Bitcoin technology pioneer Adam Back explained that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin. Bitcoin (BTC) technology pioneer Adam Back explained at the Transylvania Crypto Conference that there’s a greater financial incentive to creating altcoins compared to building on Bitcoin. Forbes reported Back’s remarks on Oct. 21, noting that he is also the co-author of the “Enabling Blockchain Innovations with Pegged Sidechains” paper about Bitcoin sidechains released about five years ago. In the document, he and his fellow researchers first expressed the idea that…

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Bitcoin Price Turns Boring Again as Traders Consider Chances of $8.5K

Limited movement on markets sees BTC keep support above $8K but resistance higher up remains conspicuous. Bitcoin price (BTC) continued its rangebound trading on Oct. 22 after failing to crack resistance at $8,300. Cryptocurrency market daily overview. Source: Coin360 Bitcoin shows little sign of major shift Data from Coin360 showed broadly sideways activity for BTC/USD on Tuesday, with 24-hour figures between $8,160 and $8,290. After two attempts to grind higher, the pair saw rejection at $8,300, in line with projections from analysts who previously identified heavy resistance close to $8,500. …

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Crypto App Revolut Confirms MasterCard on Board for 2019 US Expansion

The banking app will begin serving U.S. customers before the beginning of next year, it says. Cryptocurrency-friendly internet banking app Revolut plans to launch in the United States later this year, the company has confirmed. MasterCard joins Visa support for Revolut In a press release on Oct. 22, Revolut said its expanding partnership with MasterCard would allow it to enter the U.S. market by the end of 2019. United Kingdom-based Revolut has offered consumers both Visa and MasterCard spending since its launch in 2015.  In 2017, it began offering the…

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Bank of Cambodia: We’ll Allow More Control with Blockchain Payments

Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency. Assistant Governor at the National Bank of Cambodia Serey Chea said that blockchain payments will enable greater financial control and remittance efficiency in an interview with CNBC published on Oct. 22. Chea said that the National Bank of Cambodia has experimented with domestic blockchain payments for retail, but the main interest is testing them for cross-border transactions. She noted that the institution has been collaborating with Malaysian bank…

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UK Gov’t: FCA Will Make Final Decision on Banning Crypto Derivatives

The U.K. government has stressed that is up to regulators, not the executive, to decide on a proposed ban on certain crypto derivatives for retail investors. The government of the United Kingdom has stressed that is up to regulators, not the executive, to decide whether to press ahead with a proposed ban on certain crypto derivatives for retail investors. Finance Feeds reports that on Oct. 21, the Economic Secretary to the Treasury John Glen responded to a series of questions about developments in the U.K.’s approach to crypto-assets, including the…

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Silk Road Prosecutor: 99.9% of Fiat Money Laundering Goes Unprosecuted

The prosecutor for the Silk Road case says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes to Bitcoin. Kathryn Haun — a general partner at Andreesen Horowitz and the Justice Department’s prosecutor for the infamous Silk Road case —- says that the fiat-dominated financial system is inept at tackling the very thing it purports to worry about when it comes to crypto. In the traditional financial sector today, “99.9% of all money laundering crimes go unprosecuted,” she told…

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China’s Cyberspace Watchdog Approves 309 More Blockchain Services

The Cyberspace Administration of China adds 309 more companies to its list of registered blockchain service providers. The Cyberspace Administration of China, the country’s central Internet regulator, censor, oversight and control agency, has published its second list of registered blockchain service providers. The new batch comprises 309 companies that are representatives of various industries, including cultural tourism, education, e-commerce, law, healthcare and supply chains, Chinese news outlet 8BTC reported on Oct. 21. Traditional sectors embrace blockchain Among the registered entities, for example, are services such as HiCloud and AliCloud —…

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Bitcoin Futures: Institutional Long Positions Value Doubled In October

A fresh uptick in Bitcoin interest among institutional investors has gone some way to reversing a dramatic fall in the second half of September. One class of investors has more than doubled the value of the long positions it holds in Bitcoin (BTC) futures contracts this month.  Institutions settle in for the long term According to fresh data from analyst Skew Markets on Oct. 22, the value of institutional investors’ long positions went from below 500 BTC ($4.11 million) on Oct. 1 to over 1,000 BTC ($8.23 million) on Oct.…

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