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Beta Release of IOTA Foundation’s ‘Trinity Desktop’ Wallet App Now Available

Beta Release of IOTA Foundation’s ‘Trinity Desktop’ Wallet App Now Available

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On 25 August 2018, the IOTA Foundation announced the public beta release of the "Trinity Desktop" (for Mac and Windows) wallet app. The mobile version of the "Trinity Wallet" for IOTA was created by self-taught programmer Charlie Varley (under the supervision of Dr. Navin Ramachandran of the IOTA Foundation) while he was working on his Master’s in Computer Science at University College London. After finished his studies, Charlie joined the IOTA Foundation (on 22 January 2018). January 2018 is when the IOTA Foundation took the Trinity project under its wing and began "an official alpha test involving just over 250 users on iOS and Android." This led to an even greater focus on safety and security. Then, on 21 March 2018, the foundation announced that since the Trinity code had b
Store of Value, Says Reddit Co-Founder Alexis Ohanian

Store of Value, Says Reddit Co-Founder Alexis Ohanian

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Reddit co-founder Alexis Ohanian has recently revealed why he's bullish on cryptocurrencies like bitcoin. Per his words, bitcoin has "some real traction" to be used as a store of value. According to him, we're in the early days of crypto, which needs to be more user-friendly. Reddit co-founder Alexis Ohanian has recently revealed he’s bullish on bitcoin, the flagship cryptocurrency, because of its potential to be used as a store of value. Per his words, we’re still in the early days for crypto, which needs to be more user-friendly. Speaking to Yahoo Finance correspondent JP Mangalindan at the Nasdaq Entrepreneurial Center, Ohanian revealed he was first introduced to the cryptocurrency scene by his partner Garry Tan, who invested in “the earliest days of Coinbase” thro
Alipay Bans Bitcoin OTC Trading, Warns Users Against “False Propaganda”

Alipay Bans Bitcoin OTC Trading, Warns Users Against “False Propaganda”

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Alipay, the largest payment processor in China, has reportedly banned accounts engaging in over-the-counter (OTC) bitcoin trading. The fintech firm will also install an inspection system on its payment platform to detect and prevent any suspected OTC cryptocurrency trading. Alipay, a Chinese mobile and online payments platform, has reportedly banned accounts that were found engaging in over-the-counter (OTC) bitcoin trading. According to an August 24 report from local media outlet Beijing News, the Hangzhou-based payment processor will be closely monitoring accounts suspected of OTC cryptocurrency trading. Alipay’s management team has also decided to install an inspection system on the company’s web-based and mobile app software to track crypto-related activity. Notab
$5.5 Million: Ethereum Genesis Block Recipient Moves Nearly 20,000 ETH to Bitfinex

$5.5 Million: Ethereum Genesis Block Recipient Moves Nearly 20,000 ETH to Bitfinex

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An ETH whale has recently sent the equivalent of over $5.5 million to a cryptocurrency exchange, presumably to take profits. The money was part of a large transaction of 93,500 ETH. If the funds are sold at once, the cryptocurrency's price could drop further. A recipient of over 314,000 ETH, worth roughly $87.7 million, from Ethereum’s genesis block has recently moved a total of 19,999.899 Ether (about $5.5 million) from his coffers to popular cryptocurrency exchange Bitfinex, which presumably means the amount is set to be sold. The move was first spotted by California-based attorney Zoe Dolan, who monitors wallets with funds that came from Ethereum’s Genesis Block, which he claims to be monitoring because he’s looking for “capitulation.” yesterday a recipient of
Bank of America Wants to Patent a Cryptocurrency Storage System

Bank of America Wants to Patent a Cryptocurrency Storage System

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Bank of America, the second-largest banking institution in the United States, has filed another patent application for a system that manages cryptocurrency storage in an enterprise environment. Public documents published on Thursday by the U.S. Patent & Trademark Office (USPTO) show that the Charlotte, NC-based firm has furthered its research into securing private keys in an institutional organization. The company first applied for this patent in April. The patent, which specifically details how a computing device would manage blockchain encryption tags, is the continuation of a proposal for a cryptocurrency online vault storage system that Bank of America first began developing in 2014. The patent envisions a future in which cryptocurrency is widely adopted by the general pub
September Presents A Great Opportunity For Litecoin To Relaunch Litepay

September Presents A Great Opportunity For Litecoin To Relaunch Litepay

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Litepay, the ghost of Litecoin past and Litecoins very own failed drive for cryptocurrency adoption. Although the first launch of Litepay failed massively, many have speculated that a new, clean cut and working version would be released soon, perhaps then, the first annual Litecoin summit will be the best platform for it? Is the first annual Litecoin Summit the platform that Charlie Lee and the team need to set off Litepay 2.0 with a bang? Now, we don’t know for sure that Litepay 2.0 is in the works, but, if it is, it’s big news and is sure to play a part in the summit, which is set to be hosted in San Francisco on the 14th and 15th of September 2018. According to a press release, Charlie Lee, the Founder of the Litecoin Foundation is very excited about the summit, saying that: “We
Coinsquare To Enter European Markets By 2019, Bringing BTC, ETH And XRP With It

Coinsquare To Enter European Markets By 2019, Bringing BTC, ETH And XRP With It

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The biggest cryptocurrency exchange in Canada, Coinsquare, have announced in a press release that they now plan on entering European markets by Q4 2018, meaning that come 2019, Coinsquare should be readily available across a number of European countries, opening up for the trade of Bitcoin, Bitcoin Cash, Ethereum, Litecoin, XRP, Dogecoin and Dash. As an ultra-secure exchange, one that prides itself on its customer safety record, Coinsquare hopes to enter Europe as one of the most secure exchanges available, helping it retain the premier reputation it has built up in Canada. According to Thomas Jankowski, the Chief Digital and Growth Officer and Coinsquare: “Cryptocurrency investors globally want a platform they can trust. Coinsquare is a regulated, fully-compliant trading platform a
Investors Who Lost Out In The Mt. Gox Hack Can Now File Rehabilitation Claims

Investors Who Lost Out In The Mt. Gox Hack Can Now File Rehabilitation Claims

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According to new reports, those investors who lost assets during the infamous Mt. Gox hacks are now eligible to file rehabilitation claims against the exchange. We should note that within rehabilitation claims, the debtor (Mt. Gox) still holds the power to administer and dispose of assets, although a trustee will be appointed to oversee this. In the instance of Mt. Gox, the trustee is Nobuaki Kobayashi, as appointed by the Tokyo District Court. So, what happens now? Those who are eligible can file rehabilitation claims by going to this website – https://claims.mtgox.com/assets/index.html/, here, users must sign up and follow a set of instructions. It’s important to bear in mind that users will have to file slightly different claims depending on whether or not they have previously fil
Bitcoin buster? The search for a more stable cryptocurrency

Bitcoin buster? The search for a more stable cryptocurrency

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Cryptocurrencies - digital tokens known as cryptos for short - have investors in the grip of a gold rush fever, with billions being traded every day. Prices fluctuate wildly, making them high-risk investments. But could a more stable, less volatile crypto persuade us to think of digital moneyless as a speculative investment and more as a mainstream "smart" currency? There are now more than 1,500 cryptos - Bitcoin, Bitcoin Cash, Ethereum, Litecoin to name just a few - being traded on about 190 exchanges around the world. Prices have soared and crashed alarmingly. In 2017 the price of a bitcoin rocketed to nearly £15,000 before losing two-thirds of its value in just a few months. It's currently worth about £5,000. This volatility may be a speculative trader's friend, but it has reinfo
Venezuela’s President Devalues Fiat Currency by 95%, Pegs it to Crypto ‘Petro’

Venezuela’s President Devalues Fiat Currency by 95%, Pegs it to Crypto ‘Petro’

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Venezuela’s switch to a cryptocurrency-pegged currency marks the first time that a nation has done so. However, economists warn that the subsequent devaluation will only worsen the inflation rated, which is growing at an annualized rate of a whopping 108,000 percent, according to Bloomberg. As CCN reported, Venezuelans were already liquidating their bolivars into Bitcoin earlier this year, in spite of a government ban. The population has also been fleeing Venezuela to avoid the momentary crisis, which now borders on a humanitarian crisis. Though the conditions are not rosy for the history-making event for the cryptocurrency, President Maduro ultimately followed through with sweeping monetary changes, while the world watches the eventual outcome. The switch to the Petro is far from a