Germany's 2nd Largest Stock Exchange Boerse Stuttgart Launches Crypto Trading App

Germany’s second largest stock exchange, Boerse Stuttgart Group, has officially launched its crypto-trading app Bison, according to an official tweet today, Jan. 31.

According to the app’s webpage, the software was developed by FinTech Sowa Labs — a subsidiary of Boerse Stuttgart Digital Ventures. The developers’ reported aim in making the app is to ease access to cryptocurrencies for investors that are accustomed to using traditional markets.

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Report: Alipay and WeChat Pay Require Huobi to Remove Payment Methods from OTC Desk

Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25.

Major Chinese digital payments providers, Alibaba’s Alipay and Tencent’s WeChat Pay, have reportedly sent legal letters to Huobi, claiming that using both their services and logos on the exchange’s OTC market is unauthorized.

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Ukrainian Crypto Exchange Liqui Shuts Down, Cites Lack of Liquidity

Ukraine-based crypto exchange Liqui is shutting down its services, citing a lack of liquidity, Cointelegraph Japan reports today, Jan. 28.

Liqui said it decided to close all accounts and stop providing services because it currently does “not see any economic point in providing” them in a statement posted on its official website,

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Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China

Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28.

The company is reflecting weaker forecasted sales in its gaming and data center platforms, which comes from excess mid-range channel inventory following the slump in cryptocurrency markets.

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Hodler’s Digest, Jan. 21–27: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

CBOE Withdraws BTC ETF Rule Exchange Request From SEC Amid Gov’t Shutdown

The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has withdrawn its request for a rule change from the United States Securities and Exchange Commission (SEC) in order to list its Bitcoin (BTC) exchange-traded fund (ETF).

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Crypto Critic Nouriel Roubini: Blockchain is ‘No Better Than an Excel Spreadsheet’

Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25.

Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom.

Speaking during a panel at the Blockchain Economic Forum in Davos,

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Ripple Sold $535 Million Worth of XRP in 2018

Ripple (XRP) sold $535.56 million worth of XRP in 2018, according its quarterly report for Q4 2018 released on Jan. 24.

The report further notes that the sales of XRP tokens in Q4 2018 amounted to $129.03 million worth, which is equivalent to 0.24 percent of global XRP volume. The Q4 average XRP daily volume was reportedly equivalent to $585.7 million and is the highest since the first quarter of the year.

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Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23.

Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March.

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ZB.Com User Accuses Crypto Exchange of Reporting Him to Police

A Chinese user of the cryptocurrency exchange ZB.com said that the exchange reported him to local police in a post on the 8btc forum, a major Chinese crypto community, on Jan. 21.

In the post, which has been viewed over 12,000 times with 135 comments, the user claims that ZB.com froze his account containing a 400,000 yuan ($58,000) balance.

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NYSE Operator’s Long-Awaited Crypto Platform Bakkt Announces New Key Vacancies

Bakkt, the cryptocurrency platform created by the operator of the New York Stock Exchange (NYSE), announced that they are hiring for a number of high-up positions in a tweet Jan. 22.

The Intercontinental Exchange’s (ICE) much-awaited crypto platform published a list of eight evidently new vacancies at the company, all of which are based in Atlanta and New York City.

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MIT Professor: Blockchain Can Allow for More Inclusive, Borderless Economy

Blockchain can allow for the creation of a borderless economy, Massachusetts Institute of Technology (MIT) professor Silvio Micali claimed in a interview on Bloomberg’s Daybreak Asia, Jan. 21.

Speaking on the show, Micali outlined three major properties of blockchain systems that must function simultaneously to enable a more inclusive and borderless economy — security,

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Huobi Secures Its FSA License in Japan, Other Large Players Are Pending

On Jan. 17, Singapore-based cryptocurrency exchange Huobi, one of the largest players on the market, relaunched as a fully licensed platform in Japan after merging with the BitTrade exchange.

Branching out to Japan, where compliance is valued and many regulatory measures are imposed for crypto players by domestic regulators, is a complex process.

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Crypto Prices See Calm as ZB.Com Bypasses Binance to Become Top Exchange

Friday, Jan. 18 — crypto markets continue to see calm, with all top ten coins seeing mixed 24-hour price changes capped within a 3 percent range, as Coin360 data shows.

Market visualization from Coin360

On CoinMarketCap (CMC)’s crypto exchange rankings by adjusted daily traded volumes, however,

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Linux-Targeting Cryptojacking Malware Disables Cloud-Based Security Measures: Report

A new cryptojacking malware has the ability to disable cloud-based security measures to avoid detection on Linux servers, research by information security company Palo Alto Networks Jan. 17 reveals.

The malware in question mines Monero (XMR) and is reportedly a modified version of one used by the so-called “Rocke” group, originally discovered by cybersecurity firm Talos in August last year.

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Huobi Resumes Trading in Japan as FSA-Licensed Exchange

Cryptocurrency exchange Huobi — currently the world’s 7th largest by daily traded volume — has relaunched as a fully licensed platform in Japan after merging with BitTrade. The news was announced in a press release published Jan. 17.

As reported, Huobi Global’s wholly owned subsidiary, Huobi Japan Holding Ltd, acquired a majority stake in BitTrade last September.

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Blockchain Consortium R3 Launches Corda Network and Independent Governance Foundation

Enterprise blockchain software firm R3 has announced the launch of its Corda Network, which will be operated and overseen by a newly created not-for-profit organization, the Corda Network Foundation. The announcement was made in an R3 press release published on Jan. 16.

R3 has to date reportedly gathered over 300 partners from across multiple industries — both the private and public sector —  to collaborate on developing Corda,

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Bitcoin Sees New 2019 Lows as Crypto Markets Slide Down

Monday, Jan. 14 — crypto markets are still sliding down after a weekend in the red. According to CoinMarketCap, Bitcoin (BTC) has hit a new 2019 low, trading at $3,552 around press time as other major cryptocurrencies are facing moderate losses.

Market visualization from Coin360

Bitcoin has lost another 2 percent in 24 hours,

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Hodler’s Digest, Jan.7–13: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week

Altcoin Ethereum Classic Reportedly Undergoes 51 Percent Attack

Earlier this week, the Ethereum Classic (ETC) reportedly underwent a 51 percent attack. In the aftermath, crypto exchange Coinbase noted that upwards of $1.1 million in crypto was double spent during the time of the deep blockchain reorganization.

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Malaysian Government Reportedly Still Undecided on Whether to Legalize Crypto

The Malaysian government is reportedly still undecided whether to legalize cryptocurrencies, English-language local media New Straits Times reports on Jan. 12.

When answering a query about whether digital currencies are currently legal or illegal, Khalid Abdul Samad, the Malaysian federal territories minister, reportedly said:

“At the moment, the answer is neither legal nor illegal as the situation is still unclear.”

Samad also pointed out that while he was involved in the launch of Harapan Coin (HRP) — a proposed political cryptocurrency — he wasn’t appointed as finance minister,

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Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia’s largest tech media platform e27 reported on Jan. 11.

Ulaanbaatar City’s administration has agreed to partner with a South Korean blockchain company, dubbed Terra, in order to eventually replace the current payment methods for utility bill and government subsidies with the Terra stablecoin,

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Bitwise Files With the US SEC for a Physically Held Bitcoin ETF

Cryptocurrency index fund provider Bitwise Asset Management has applied with the United States Securities and Exchange Commission (SEC) to launch a new Bitcoin (BTC) Exchange Traded Fund (ETF), according to a registration form published today, Jan. 10.

According to the form, Bitwise’s proposed ETF will track the Bitwise Bitcoin Total Return Index,

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From Bitconnect to SIM-Swap Swindling: 2018's Biggest Scams

2018 will long be remembered as the start of a significant cryptocurrency bear market, but the declining market still provided opportunities for scam artists to snag unwary investors.

Given that 2017 was a breakout year for Bitcoin (BTC) and the likes, investors were clamoring to enter the fray as the price of cryptocurrencies skyrocketed toward the end of the year.

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Payment Network RippleNet Exceeds 200 Customers, Garlinghouse Highlights Fiat Volatility

Crypto and blockchain company Ripple has reported today, Jan. 8, that 13 new financial institutions have signed up for the RippleNet payment network, bringing the total number of customers over 200.

The new institutions range from locations including Sweden, England and Kuwait, with 40 countries in total across all customers. Ripple’s blog post notes that five of the new additions — JNFX,

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India: Fourth Suspect Arrested Following Alleged $70+ Million Crypto Scam

Indian police have arrested an associate of a group accused of conducting a crypto scam involving 5 billion rupees (about $71.6 million), English-language local media The Indian Express reports Jan. 7.

This is the fourth arrest of the ongoing case and reportedly occurred a year after Thane police uncovered the alleged scam in Mumbai.

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