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Upbit is Ending its Partnership with Bittrex

Cryptocurrency exchange Upbit is going to end its long-standing partnership with Bittrex on October 25. Since 2017, Upbit has shared its order books with Bittrex, which explains how the exchange was able to offer its users with more cryptocurrency pairs that other local bitcoin exchanges.  Coincidentally, October 25 is also the day when Upbit will…

Russian Banks Propose a Model for Legal Use of Cryptocurrencies

The Association of Russian Banks (ARB) has put forward a proposal to regulate the use of cryptocurrencies, especially by taxing them. On September 12, during the first session of the International Banking Forum in Sochi, Anatoly Kozlachkov, Vice President of the Association of Russian Banks, presented their report-proposal. “The problem is that the number is…

Bitcoin News Bulletin 09/25/19: Of a New Bitcoin ETF, IRS Warnings, and More

Presenting CoinStats followers with the most trending bitcoin stories of the last 24 hours. SEC to Take Call on Wilshire Phoenix’s Bitcoin ETF Proposal The US Securities and Exchange Commission (SEC) is now reviewing the application of yet another bitcoin exchange-traded fund. According to the securities regulator’s recent filing, it has initiated proceedings to determine…

Bitcoin News Bulletin 09/24/19: Of Germany, Satoshi’s Identity, Binance, And More

Presenting CoinStats followers with the most trending bitcoin stories of the last 24 hours. Bitcoin Trading Now Available on Germany’s Second Largest Stock Exchange Boerse Stuggart, Germany’s second-largest stock exchange, is now offering bitcoin spot trading services via its new subsidiary. Boerse Stuttgart Digital Exchange (BSDEX), as the division is called, started with the listing…

Bitcoin News Bulletin 09/17/19: Of Linux Malware, Bitcoin Cash, and More

Presenting you the most trending bitcoin stories of the last 24 hours. Imperceptible Linux Malware Is a New Way for Cryptojacking  Yesterday, prominent industry analysts Augusto Remiliano II and Jacob Urbanec posted a note on Trend ‘Micro’s security and intelligence blog. They discussed a new Linux Malware, which deploys malicious kernel modules to mine cryptocurrencies…

Bitcoin News Bulletin 09/14/19: Of Lightning Network, Crypto Exchanges, Russian Bank And More

Presenting you the most trending bitcoin stories of the last 24 hours. BITCOIN LIGHTNING NETWORK IS RECOVERING  Bitcoin lightning network is improving. Several major stimulating factors evidence this. Within the last 30 days, it is expanding again due to the increasing number of nodes and payment channels.  The lightning network has been in use since…

BAT Hits Quarter-Billion Valuation after Wikipedia Integration

The market capitalization of Basic Attention Token (BAT) retested the $250-million territory shortly after declaring that it has added Wikipedia to its list of verified publishers. Data on CoinStats’ cryptocurrency portfolio management app showed that BAT soared towards a $260 billion market cap as of about 0730 UTC today. The move uphill pushed the BAT-to-dollar…

Bitcoin is Rock Solid against All Altcoins – Except One

Bitcoin is stealing capital from thousands of similar cryptocurrencies as it goes on to become the benchmark asset for its kind. The world’s first and foremost cryptocurrency saw its value surging against altcoins since October 2018. The ETH/BTC instrument, representing the exchange rate of the second largest blockchain project Ethereum against bitcoin, dropped by 63…

New Zealand Legalizes Wages Paid in Bitcoin

Companies based in New Zealand can now pay salaries in cryptocurrencies like bitcoin, according to a new ruling. The New Zealand Inland Revenue announced on August 7 that companies which choose to pay their employee in cryptocurrencies can file for tax deduction under the existing scheme. The move verified bitcoin as a legal wager-payment method,…

What Pumped Tezos (XTZ) by Up To 50% This Week

Tezos (XTZ) is returning impressive profits to its investors this week. The world’s fifteenth largest cryptocurrency was up 50 percent yesterday on a 7-day timeframe. It established a higher high of $1.474 according to data fetched by CoinStats’ cryptocurrency portfolio management app. The price slipped this Friday, but a marginal percentage, maintaining the upside streak…