The Daily: Coinspot Launches OTC Desk, Bitdeer Expands in Eastern Europe

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Crypto exchange Coinspot has launched an over-the-counter trading desk in Australia and you’ll find more about the platform in this edition of The Daily. Elsewhere, computing power-sharing platform Bitdeer.com is focusing on Eastern Europe through a partnership with the largest digital asset trader in the region, Exmo. And in the U.S., expired Mccoins will get…

Interconnecting Blockchain Project ICON Makes a Push Towards Decentralizing Its Nodes

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ICON recently announced its major decentralization initiative. The plan will elect twenty-two node operators that will produce blocks, verify transactions, and participate in consensus. History of ICON ICON aims to design an “interconnecting blockchain network.” ICON (ICX) is engineering a solution to connect independent blockchains without the use of third-party intermediaries. This is done by…

Markets Update: Cryptocurrencies Follow Bullish Piercing Pattern as Buyers Advance

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Digital currency markets have seen some gains during the early morning trading sessions on Saturday. Since our last markets update, the entire cryptocurrency economy has gained $4 billion and a slew of the top digital assets are up between 2-6% over the last 24 hours. Also read: Openbazaar’s New Social Media Platform Aims to Foster Privacy…

Custody or Convenience: BitGo Offers Cold Storage Cryptocurrency Trading

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There are tradeoffs between centralization and convenience in cryptocurrency trading. BitGo has partnered with Genesis Global Trading Inc. to introduce a new method for exchanging funds offline that could offer greater flexibility and security, but it may come at the cost of custody. In partnership with @GenesisTrading, “BitGo Inc.’s customers will be able to buy…

How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year

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BlockEx, a London-based platform for launching and exchanging tokens, was beset by a series of setbacks that led to downsizing.

ICO Firms Paid Themselves $24 Billion Absent of Accountability or Much Effort

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A BitMex report highlights the egregiousness of the ICO craze of 2017. Cryptocurrency companies were able to raise millions absent of accountability and with little work, and at the expense of likely unsophisticated buyers. The scathing report, released on Jan. 16th by BitMEX, on the ICO market in 2017-18 concluded token startups raised over $24 billion during…

American Companies Can Now Settle Payroll Taxes In Cryptocurrency via Bitwage

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International cryptocurrency payroll service provider Bitwage has announced that it has partnered with Texas-based Simply Efficient HR. The move will allow companies to pay W2 employee and payroll taxes in all 50 U.S. states, plus Puerto Rico, using BTC and ETH. Also Read: Bitpay Reports Processing Over $1 Billion Transactions in 2018 Bitwage and Simply…