CRYPTOSILV

  Tel Aviv-based multi-asset global investment platform eToro has entered into a historic partnership with seven Premier League football clubs, which will make payments to their players in Bitcoins. WHEN BITCOIN COMES TO THE WORLD OF FOOTBALL The seven Premier League clubs who have agreed to set up a digital wallet with eToro include Brighton & Hove Albion F.C., Cardiff City F.C., Crystal Palace F.C., Leicester City F.C., Newcastle United F.C., Southampton F.C., and Tottenham Hotspur F.C. As a part of the deal, team players will be made payments in bitcoins through eToro digital wallets. eToro’s UK MD Iqbal V. Gandham tweeted the announcement through the company’s official handle. As a global multi-asset platform where you can purchase the world’s biggest cryptoassets alongside more traditional investments, we are excited to be partnering with so many Premier League clubs and make history by being the first company ever to pay for a Premier League partnership...

The peer-to-peer BTC markets of numerous emerging markets have witnessed significant action this past week, with the Localbitcoins markets of Venezuela, Argentina, and the Philippines posting record weekly fiat trade volume. The P2P markets of Tanzania and the Dominican Republic also saw notable surges in trading activity. Venezuela and Argentina Witness All-Time High Fiat Volume for P2P Trade A number of Latin American P2P BTC markets have witnessed an upsurge in trading activity this past week, with Venezuela and Argentina setting new records for the fiat value of weekly trade volume on Localbitcoins, according to Coindance. A record-breaking nearly 21 trillion Venezuelan Bolivar (VEB) (roughly $84.5 million USD) worth of BTC exchanged hands on Localbitcoins during the week of the 11th of August. When measured in BTC, this past week saw the second highest volume ever for the P2P BTC/VEB markets, with 695 BTC traded in a single week. https://news.bitcoin.com/p2p-mark...

Binance, the world’s largest cryptocurrency exchange by means of trade volume, and a local professional Swiss cryptocurrency exchange will be making a fiat-to-crypto exchange available for its users. Binance Continues to Grow According to the official announcement, Binance will be responsible for the technology and the maintenance of the platform whereas the joint venue, called Binance LCX, will be managing the customer support, due diligence, legal requirements, KYC, AML, and so forth. Reportedly, the plan is to build up a team of up to 15 people for the office in Liechtenstein. The new venue will enable traders to exchange Swiss Francs (CHF) and Euros (EUR) against some of the major cryptocurrency pairs. More trading pairs are going to be added after receiving regulatory clearance. Focus on Serious Investments While there is no mention of required minimum trading amounts, the new venue is seemingly geared towards catering to the needs of professional investors. ...

Major cryptocurrency exchange Binance has revealed a “rough, pre-alpha” demo version of DEX, its own decentralized exchange which could ultimately take over from its current platform. ‘A BIG STEP’ Introducing a video walkthrough of the exchange, CEO Changpeng Zhao said developers were “very aggressively” on getting a usable product to market. The DEX demo is the first major event on the timeline of the Binance Chain project, the public Blockchain, which the exchange formally announced in May. “As a public blockchain, Binance Chain will mainly focus on the transfer and trading of blockchain assets, as well as provide new possibilities for the future flow of blockchain assets,” a blog post issued at the time reads. Binance Chain will focus on performance, ease-of-use, and liquidity. Binance Coin (BNB) will be upgraded to exist on its own blockchain mainnet, becoming a native coin. At the same time, Binance will transition from being a company to a community. Zhao descr...

Early Bitcoin and Ethereum investor Mike Novogratz is revealing his insight on where the market is heading and what’s needed to trigger a bull run. Novogratz runs Galaxy Digital, which invests directly in crypto businesses, from ICOs to infrastructure platforms to wallets and custody solutions. At the recent Beyond Blocks Summit in Seoul, he explained why he believes in the New World Order crypto developers are trying to create, and what got him to widen his involvement in crypto far beyond his initial speculative investment in Bitcoin. “I looked at my portfolio and I had a lot of Bitcoin and I had a lot of investments. I had an investment in Korbit here in Korea. I had an investment in Bitstamp and Zapo – in all kinds of portfolio companies that I’d made a few years earlier. And I had a college roommate, Joe Lubin, who now runs a big company called ConsenSys. But at that point, it was a very small company. And I decided to go visit him and thought he was a little bit smarter...

One of the largest cryptocurrency exchanges in India, Zebpay, has enabled Trueusd (TUSD) trading, deposits and withdrawals. The dollar-pegged stablecoin is offered as an alternative to fiat trading which is problematic under the Indian central bank’s ban. Zebpay Enables Trueusd Mumbai-headquartered cryptocurrency exchange Zebpay has announced the addition of Trueusd (TUSD) trading, deposits and withdrawals going live, starting today, August 6, 2018. Trueusd is part of the recent torrent of so-called stablecoins to have hit the market as fears around the performance of Tether (USDT) refuse to die down. According to its promoters, each TUSD can be redeemed 1-for-1 for US dollars. Trust Token is said to partner with registered banks and fiduciaries to securely hold the funds backing the tokens. And for increased security, the banks and fiduciaries handle all funds directly. Moreover, the Trueusd system supposedly does not handle or even have access to the escrowed ...

South Korean exchange Bithumb has resumed deposit and withdrawal services for a number of cryptocurrencies after the recent hack. Another major Korean exchange, Upbit, has released an audit report showing more crypto and cash reserves than needed to pay customers. Meanwhile, all customer deposits at Korbit will now be held by a bank. Bithumb, South Korea’s largest crypto exchange, announced on Saturday, August 4, that deposit and withdrawal services for nine cryptocurrencies will be resumed on August 4 at 7 p.m. KST. The nine cryptocurrencies are BTC, ETH, ETC, XRP, LTC, BCH, ZEC, QTUM, and MITH. Upbit Audit Report Shows Plenty of Reserves Upbit, South Korea’s second largest crypto exchange, released an audit report Friday. The audit was conducted on June 28 and 29 by Eugene Accounting Corp and focused on 145 coins and the exchange’s deposits, according to Upbit. Korbit Lets Bank Hold all Customer Deposits Korbit, another of the country’s four largest crypto ...

Binance, one of the world’s two largest cryptocurrency exchanges, has just completed its first-ever acquisition. According to  TechCrunch , the Malta-based exchange operator acquired Trust Wallet, creator of the eponymous mobile  Ethereum wallet  that includes support for ether, as well as ERC-20 and ERC-223 tokens. Terms of the deal have not been disclosed, but Binance confirmed that it included a mixture of cash, Binance stock, and Binance tokens (BNB). Trust Wallet is not one of the better known Ethereum wallets. It has about 50,000 downloads on Android through the Google Play store, earning a 4.6 out of 5 star rating from 1,138 reviewers. Download statistics were not immediately available from Apple’s App Store, but the wallet had a comparable rating from a similar number of reviewers. For comparison,  imToken , the most popular Ethereum wallet, has more than 5 million monthly active users, most of who are based in Asia. “The Trust Wallet team shares t...

Bithumb has suspended issuing new virtual accounts to crypto traders starting on August 1 after failing to renew the contract with its bank. These accounts are part of the real-name system enforced by the Korean government earlier this year. Only three exchanges in the country are now reportedly able to open new virtual accounts for their customers. Bithumb Halts Issuing New Virtual Accounts Crypto exchange Bithumb has announced the suspension of new virtual account issuance starting on August 1. With a 24-hour trading volume of $245,786,110 at the time of this writing, Bithumb currently ranks as South Korea’s largest cryptocurrency exchange by trading volume, according to Coinmarketcap. However, the news outlet noted that “customers who already have virtual accounts can use them for deposit and withdrawal services.” For Bithumb customers, virtual accounts are needed to deposit or withdraw Korean won. https://news.bitcoin.com/korean-crypto-exchange-bithumb-virtual-accounts...

Coming off fresh first quarter losses undeterred, giant cryptocurrency merchant bank, Galaxy Digital, began trading on the Toronto Stock Exchange August, 1, 2018. It is one of the earliest banks in the crypto space to achieve such a listing. Many eyes are watching to see what will become of the relationship between legacy financial institutions and digital assets. Galaxy Digital Trades, a Bitcoin Merchant Bank, Now Trades on TSX Venture Exchange Famed billionaire investor  Mike Novogratz  explained, “If I knew what I know now, knew the crypto markets were going to swoon as much, and it was going to take so long, I might have stayed private for another year or so and then gone public, but I don’t think it’s a mistake,” Galaxy Digital’s CEO. Crypto markets have been unkind to any investor who might’ve jumped-in during late 2017. His interview otherwise ought to have been triumphant, representing one of the earliest cryptocurrency-oriented merchant banks to be ...

Swiss online banking group, Swissquote, has benefited greatly from the addition of cryptocurrency investing to the set of services it offers, reporting a significant increase in its H1 2018 profits. The news comes while Switzerland is debating over how to keep crypto businesses in the country when the majority of Swiss banks refuse to provide services to the growing crypto sector. Swissquote Posts Profit of 25.7 Million Francs in H1 2018 While many traditional financial institutions in Switzerland are still shying away from dealing in cryptocurrencies and working with crypto companies, those who have ventured into the space are already harvesting the fruits of their decisions. Swiss online banking firm, Swissquote, has reported soaring profits attributed largely to the offering of investing opportunities related to cryptocurrencies like bitcoin, and a steep rise in both the number of customers and the volume of trading. Swissquote Group posted a profit of 25.7 millio...

The majority of crypto exchanges want to see the industry regulated, although many consider excessive regulation to be the biggest threat, according to a new study. A third of the platforms in the poll also fear a market crash that could suddenly devalue digital assets. A fifth of the exchanges dislike anonymity. Crypto Exchanges Want Regulation A new study reveals that a sizable majority of crypto exchanges, 88%, would like to see regulation in place that can help the rapidly developing industry mature, and a third of the companies trading coins say the greatest threat comes from the perceived criminality of the sector. 17% of the polled platforms, however, believe overly strict regulation is the biggest threat to cryptocurrency and its wider adoption. Another 40% say lifting the barriers to funding crypto activities by banks will improve the acceptance of cryptocurrencies. https://news.bitcoin.com/survey-crypto-exchanges-want-regulation-but-see-strict-policies-as-...

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  INTRODUCTION TO MONEY: TRADE BY BARTER This is the first of the six part video series on Introduction to Money. On my last video, I talked about Bitcoin in 3 minutes or less... There I talked about the solution Bitcoin came to tackle in this era of Information Technology. I'll start by telling the story from the beginning. During the era of wanderers and Nomadic Tribes. Our ancestors the Nomadic Tribes are the tribes that wander from place to place. As the tribes enlarge, some few challenges started coming up. Due to the different age groups, the aged, toddler, pregnant women... The Nomadic Tribes have restricted mobility. With the problem of mobility, they come up with the solution of settling down and forming a community. Even though it solves the issue of aged, toddler and pregnant women..., it came at a cost. The access to resources is quite limited. It resulted in the men going in search of resources that are not available in their community. In the proces...