Malaysian Securities Regulator Approves Crypto Trading Platform

Malaysia-based cryptocurrency trading firm Tokenize Malaysia has received full approval from local securities watchdog. Following a nine-month-long probationary period, Malaysia-based cryptocurrency trading firm, Tokenize Malaysia, has received full approval from local securities watchdog. With the approval to operate a Digital Assets Exchange, the company’s cryptocurrency trading platform, Tokenize Xchange, became legally approved and regulated by the Securities Commission (SC) of Malaysia, local news outlet, SoyaCincau, reported on April 3. The exchange offers fiat-to-digital asset pairings. Malaysian laws require that local cryptocurrency exchanges register with the SC, after which they have…

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Past Halvings in Review: Case for an Immediate Bitcoin Upsurge Is Flawed

The case for an immediate Bitcoin price spike after the halving in May is flawed, past data shows. The block reward halving of Bitcoin (BTC) has long been touted as an optimistic factor to drive the short-term price trend of BTC in the first half of 2020. Historical data, however, shows that the halving does not necessarily coincide with an immediate upsurge in the price of Bitcoin. On the Bitcoin network, miners create blocks that record Bitcoin transactions to essentially verify and confirm payment data using computing power. Through large-scale…

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John McAfee Offers $500 in ETH-based DAI for Corona Apocalypse Pics

Sea-bound computer programmer John McAfee offers $500 in DAI for best original post-quarantine photograph. Famed altcoin advocate, John McAfee, has put up a $500 reward in the Ethereum based stablecoin, DAI, for the best original photo taken in the midst of the coronavirus lockdown. The sea-bound computer programmer asked for pictures of vacant highways and cities from people who are still able to leave their homes for essential supplies and activities. McAfee tweeted: “Those able to leave your homes during quarantine … (to buy food or get medical care, etc.)…

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Price Analysis April 3: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, LEO

Bitcoin price continues to push higher but major cryptocurrencies should sustain above their 20-day EMA to confirm that the downtrend might be over. On April 2 the U.S. Labor Department reported that the U.S. weekly jobless claims skyrocketed to 6.6 million. In the previous week, the claims stood at 3.3 million, meaning over the past two weeks the number of laid off American workers seeking unemployment benefits has reached 10 million. If the numbers continue to grow, the government and Federal Reserve is likely to announce another round of stimulus…

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UnionBank Head Foresees the End of Physical Cash

UnionBank head forecasts that the coronavirus will drive banks to shift towards digital currencies, leaving physical cash behind. Edwin Bautista, president and chief executive of UnionBank of the Philippines, has forecast that the coronavirus outbreak will drive banks to shift towards digital currencies, leaving physical cash behind. As Euromoney reported on April 3, Bautista noted that the pandemic provoked a heightened demand in online banking services, pushing banks to revise their digitization strategy. “Certainly, this pandemic amplifies the need for all banks to go digital now,” Bautista said. Going further,…

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Crypto Traders Allegedly Involved in a $35m Ponzi Scheme

Three cryptocurrency traders allegedly scammed over 100 investors in a Ponzi scheme. Three alleged cryptocurrency traders ran a Ponzi scheme which scammed more than 100 investors for over $35 million, according to a lawsuit filed by an entity formed by the victims in a federal court of Florida, United States. According to an announcement published on April 2, Q3 Investment Recovery Vehicle, who represents defrauded investors, accused the trio of alleged crypto traders of cheating victims by promising them a winning trading formula.  Former NYSE and Wells Fargo workers among…

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ShapeShift Enables US-Based Customers to Buy Crypto With Debit Card

Crypto exchange ShapeShift allows United States-based customers to buy BTC with a debit card in the new exchange’s platform. Switzerland-based crypto exchange, ShapeShift, has enabled its United States-based customers to buy Bitcoin (BTC) and Ethereum (ETH) with a debit card in the new exchange’s platform. ShapeShift’s founder, Eric Voorhees, announced the development in a tweet on April 3, saying: “If you’re in the US, you can buy Bitcoin instantly in the new ShapeShift.com platform with your debit card. You can literally have the Bitcoin, in your possession, five minutes from…

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Amid Widespread Privacy Coin Delistings, Bitstamp Considers Zcash Support

Bitstamp may announce first new listing in nearly three years, with the exchange contemplating support for seven new crypto assets. Bitstamp, one of the longest-running active cryptocurrency exchanges, is considering launching a batch of new crypto asset listings. Curiously, Bitstamp is contemplating support for Zcash (ZEC), despite an increasing number of exchanges seeking to distance themselves from privacy coins due to associated regulatory risks. Bitfinex considers first new listings in 3 years On March 31, Bitstamp announced it is “actively exploring” support for seven crypto assets, including two stablecoins and…

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As Malta Delays Regulatory Clarity, Fewer Firms Remain on ‘Blockchain Island’

Once the go-to place for crypto and blockchain firms, is the “blockchain island” of Malta being hollowed out? It seems that Malta is becoming both less popular among and less populated with crypto firms. The European Union country attracted dozens of industry players in 2018 on the back of the “blockchain island” agenda championed by the local government, but the relevant framework has not yet proven to be effective. Meanwhile, the official rhetoric apparently started to shift away from the blockchain sector, as the government now aims to consolidate it…

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Bail Bloc Founder Says How Monero Mining Can Help ICE Detainees

Cointelegraph has had an in-depth talk with Bail Bloc’s Grayson Earle about how the charity project helps release people from incarceration through cryptocurrency. One cryptocurrency project is using Monero (XMR) to give undocumented immigrants a better shot at a fair treatment in the United States judicial system. The Bail Bloc project collects cryptocurrency to help people get out of pretrial incarceration for cases with the United States Immigration and Customs Enforcement (ICE). Unlike conventional charities, Bail Bloc doesn’t want your money — it wants your computer processing power. Cointelegraph reached…

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