eBay Not Accepting Cryptocurrency Payments

Earlier this week, there were rumors that eBay (NASDAQ:EBAY) is going to start accepting cryptocurrency as a form of payment. While the e-retailing giant did not confirm these rumours at the time, many thought it was true: the company’s banners at the Consensus conference indicated so. But it’s not true. And the company has now confirmed that. Here’s everything we know. eBay Accepting Crypto? Nope It’s no secret that the list of companies that have started to accept cryptocurrencies, like Bitcoin, as payment is growing. And at a rapid pace,…

Bitcoin Cash Hard Fork | Segwit Recovery & Schnorr Signatures

A Bitcoin Cash hard fork was implemented earlier today as of block 58268. Although the network-split initially met with a hiccup, the upgrade has now successfully completed. Bitcoin Cash Hard Fork The hard fork sees the Bitcoin Cash network implement two new features. They are Segwit recovery and Schnorr signatures. The Segwit recovery means network participants can now recover funds that were sent accidentally to Segwit addresses. Before today, this was impossible due to the “enforcement of the new CLEANSTACK rule” which was implemented in the last upgrade in November. The…

Bitcoin Analyst Destroys Mr. Wonderful After Shark Tank Star Slams Crypto

By CCN: When it comes to ignorant allegations about bitcoin, Shark Tank’s Kevin O’Leary took the cake this week, managing to hit every wrong button in trying to bash the suddenly-resurgent cryptocurrency. Kevin O’Leary: Bitcoin a ‘Scam’ & ‘Total BS’ O’Leary, also known as “Mr. Wonderful,” tried to debate bitcoin enthusiast Anthony “Pomp” Pompliano on CNBC’s SquawkBox Tuesday. The co-founder and partner at Morgan Creek Digital crushed him like a cockroach, which is precisely what O’Leary calls entrepreneurial hopefuls’ ideas when he viciously shoots them down. In bashing bitcoin, O’Leary…

Blockstream Releases First Enterprise-Grade Product on Liquid

Security tokens are coming to Bitcoin, courtesy of Blockstream. The Bitcoin and blockchain technology company announced on May 15, 2019, the final day of the Consensus 2019 conference, that Liquid Securities, a platform for issuing and managing security tokens on its Liquid sidechain, is ready to go live. This platform will provide Liquid and its users with its first product to issue digital assets, a foundational milestone for bringing tokenization to the Bitcoin network. Launched in October 2018, the Liquid sidechain is an auxiliary network built on Bitcoin, primarily to…

Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether’s transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming…

Crypto Exchange Binance Restarting Services After Post-Hack Upgrade

Cryptocurrency exchange Binance has announced that it is back online after completing a security upgrade prompted by a recent hack. Kicking off at 03:00 UTC Wednesday, the upgrade meant that all services were suspended during this period, according to a Binance support message. A two-hour extension to the upgrade was announced this morning as some tasks took “longer than expected.” Following the upgrade, Binance published an update saying that trading will recommence at 13:00 UTC.  Users can now cancel open orders and process deposits, while withdrawals “will be available shortly after…

Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation

Cryptopia, the cryptocurrency exchange hit by a major hack in mid-January, has gone into liquidation and suspended trading operations. The news was announced Wednesday by Cryptopia’s assigned liquidator, professional services firm Grant Thornton New Zealand. Cryptopia confirmed the news on Twitter, as well as on its website. Possibly signaling changes afoot, Cryptopia website went under maintenance yesterday without any message to the public on its social media platforms. It was first noticed by a Redditor who asked whether the exchange had been hacked again. Back in January, Cryptopia went offline for…

Bitcoin (BTC) Price Primed To Break $8.5K, Dips Remain Supported

Bitcoin price started a downside correction after trading close to $8,350 against the US Dollar. The price declined below the $8,000 support and tested the $7,600-7,630 support area. There is a short term bearish trend line forming with resistance near $8,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could retest the $7,600 support area before it could start a fresh increase above $8,200. Bitcoin price corrected lower recently below $8,000 against the US Dollar. However, BTC remains well bid above $7,600 and it…

Microsoft’s Blockchain Obsession, Including ID Push, Is Good for Bitcoin

By CCN: Does Microsoft consider blockchain to be the strongest technology in the world? Who knows, but they sure seem to recognize its growing mainstream status and view it as a potential moneymaker. The company recently announced that it would be building a decentralized identity (DID) network on top of the Bitcoin blockchain, the oldest and arguably most trusted blockchain within the space. The network will be built in accordance with standards set by the Decentralized Identity Foundation, which Microsoft claims can overpower the “throughput issues” commonly witnessed on the…

HTC’s Blockchain Phone | Native Crypto Wallet Now Available

According to CoinTelegraph, HTC’s blockchain phone, Exodus 1, now allows users to trade cryptocurrency directly from the phone’s native crypto wallet. The Taiwanese technology giant made the announcement early on Tuesday. Exodus 1 Blockchain Phone – Native Wallet Trading HTC’s Zion Vault will now allow swaps between various cryptocurrencies. The new feature is the result of a partnership with Kyber Network—a dedicated platform for cross-token trading solutions. HTC has added Kyber’s liquidity protocol and this allows easy swaps. The swapping pairs include Ethereum-based ERC-20 tokens, including basic attention token (BAT), Kyber…