Western Union Partners With Crypto Wallet for Cross-Border Transfers

Crypto wallet provider Coins.ph has partnered with U.S. financial service company Western Union to enhance cross-border transfers to the Philippines. The partnership will grant over 5 million Coins.ph users access to both local and international payments transferred into their digital asset wallets. According to Coins.ph, the decision to partner with Western Union was based on its desire to ensure that people can receive cash payments from virtually every nation in the world. In an announcement, the blockchain firm said it would harness Western Union’s global reach and position as a…

Marijuana Stocks Technical Analysis Chart 4/9/2019 by ChartGuys.com

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China’s Proposed Mining Ban Could Be Detrimental to Bitmain

China’s state planning agency, the National Development and Reform Commission (NDRC), has indicated an interest in banning cryptocurrency mining in the country through a notice published online in Mandarin. The report stated that the NDRC will include cryptocurrency mining activities to a list of sectors that could be shut down based on their violation of local regulations, wastefulness, safety concerns or harmful contributions to the environment. The list includes more than 400 other industrial activities. The list is part of the NDRC’s Catalogue for Guiding Industry Restructuring. The catalogue was…

TrueUSD Audit Shows Full US Dollar Backing

TrustToken has published the results of an audit of its stablecoin TrueUSD (TUSD) in a blog post on April 8. The audit shows that it has the full amount of United States dollar reserves. Per the Independent Accountants’ Report prepared by certified public accounting firm Cohen & Company, as of March 31, 2019, the U.S. dollar balance held in escrow accounts was $199,063,885, while the balance of TUSD tokens issued and being in circulation was 198,982,291 TUSD. The issued and outstanding TUSD tokens as of the date purportedly do not…

Ripple (XRP) Draw-downs, is CoinBase a Systemic Risk?

Ripple prices slide 2.5 percent Volumes drop reflects low prices Although centralized exchanges play a role, it should be a worry if they become too big to fail because if they do, then it will pull down the market with it. Meanwhile, sellers are back, and Ripple (XRP) may drop to 34 cents or lower in a correction. Ripple Price Analysis Fundamentals We can draw many lessons from the GFC of 2008-09. Before everything crumbled, the so-called global banks, too big to fail, lent out money to unqualified borrowers and…

Cashaa Hopes to Bridge Crypto and Traditional Finance

Cashaa is on a mission to bank the unbanked and wants to leverage Bitcoin to accomplish it. Bitcoin has long been touted as a way that anyone can “be your own bank.” But such promises can be misleading: Although bitcoin itself provides some opportunities for individuals and businesses to manage their own money in ways that are not possible with fiat, it doesn’t provide access to the full suite of services that a traditional bank provides. Cashaa was launched in June 2016 and rolled out its full suite of banking…

China Scare, Bitcoin (BTC) Mining Ban? Bulls to Overcome

Bitcoin prices stable above $5,000 NDRC of China propose Bitcoin and cryptocurrency mining China’s National Development and Reform Commission (NDRC) of the opinion cryptocurrency and Bitcoin (BTC) rigs don’t adhere to relevant laws and regulators, pollute the environment and unsafe and therefore propose a ban. If that is the case, the network’s hash rate will drop and so will prices. Bitcoin Price Analysis Fundamentals Hours after reliable sources revealed that Bitcoin traders were circumventing state restrictions and funneling funds to BTC via stable coins with OTC facilitation, news is China…

China’s State Macroeconomic Planning Agency Mulls Ban on Crypto Mining

China’s National Development and Reform Commission (NDRC), a state planning agency charged with spearheading macroeconomic policies, has revealed it is considering the elimination of crypto mining in the country. The news was reported by Reuters on April 9. The NDRC has reportedly now included crypto mining as part of its draft for a revised list of industrial activities the agency intends to curtail. The list — which reportedly runs at over 450 points long — identifies activities the state deems to be in violation of relevant laws and regulations, pose…

Opera Releases New Browser With Built-In Crypto Wallet and Web 3.0 Explorer

Major web browser Opera is releasing a new browser with a built-in cryptocurrency wallet. The development was announced in a press release shared with Cointelegraph on April 9. Opera’s new browser Opera 60 (codenamed Reborn 3) features a native cryptocurrency dubbed Opera Wallet and a Web 3 explorer, which enables users to conduct transactions and interact with the blockchain-based internet, also known as Web 3. The browser also provides a virtual private network (VPN) feature in a bid to enhance users’ privacy and security. The Opera Wallet purportedly synchronizes with…

Monero Developers Confirm Fix of Bug That Lost Balances for Ledger Wallet Users

Monero (XMR) developers have fixed a bug involving cryptocurrency hardware wallet Ledger that made user funds look like they had disappeared, they confirmed on social media on April 8. Reported in early March, the bug, which Ledger originally thought to be a synchronization problem, first came to light when a user’s balance failed to react to an incoming transaction. The problem only affected those using Ledger Nano S devices to access their XMR wallet. As of this week, the issue has officially been resolved through the issuance of a patch…