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Crypto Markets Showing Signs of Recovery, While BTC Stalls Above $8500

Sunday, Nov. 17 — Crypto markets are showing mild signs of recovery, while Bitcoin (BTC) stumbles above the $8,500 price mark. Cryptocurrency market daily overview. Source: Coin360 For the better part of the day, the world’s largest cryptocurrency has been trading within a tight range between $8,500 and $8,600, while slowly finding its way towards the $8,700 price mark in recent hours. Bitcoin is currently trading at a price of $8,515, showing limited gains of .32% on the day. Bitcoin daily price chart. Source: Coin360 Slow bleed to $8,200 possible?…

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Bitcoin Rewards App Lolli Responds to Alibaba’s Denial of Partnership

Bitcoin (BTC) rewards shopping app Lolli has responded to Alibaba’s denial of a partnership between the two companies following Singles’ Day marketing blitz. CEO of Lolli Alex Adelman refuted Alibaba’s denial of partnership with Lolli. In an email to Cointelegraph on Nov 17, Adelman maintained that Lolli did have a partnership with the Alibaba Group, saying: “We’ve been partnered with Alibaba Group since May through AliExpress. We have driven AliExpress significant revenue and distributed bitcoin rewards to our users.” A partnership rejected It was previously reported that Lolli introduced an…

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BlockShow Asia, Bitcoin Crash Warning, India Delays Crypto Ban: Hodler’s Digest, Nov. 11–17

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week BlockShow Asia 2019: Binance’s CZ speaks publicly about China’s digital currency BlockShow Asia 2019 was held in Singapore this week, leaving us with plenty of stories to chew over. Binance’s Changpeng Zhao was among the speakers, and he predicted that the central bank digital currency…

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LocalBitcoins Receives Finnish FSA Virtual Currency Provider License

The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country. A safe pair of hands In order to receive the registration, LocalBitcoins had to prove to the FIN-FSA that it had implemented suitable Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures, along with having adequate safeguarding for customer assets. Management and key personnel also had to fulfill the criteria to be…

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Andrew Yang Will ‘Literally Give Everybody Money’ — Like OneCoin Did

Bitcoin (BTC) proponents are criticizing United States presidential candidate Andrew Yang after he claimed he was “literally trying to give everybody money.” In an ongoing Twitter debate which Yang started on Nov. 16, Bitcoiners took the presidential hopeful to task over his policy of paying a form of universal basic income (UBI) to all U.S. citizens. Bitcoiners to Yang: It’s fiat, not money “I’m literally trying to give everybody money,” Yang wrote.  Yang plans to provide a united front on cryptocurrency regulation if elected. Unlike previous statements about UBI, which…

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Bitcoin ATMs Worldwide Hit New Milestone, Surpassing 6,000

The number of Bitcoin (BTC) ATMs installed worldwide has now surpassed a new milestone surpassing 6,000. Online resource CoinATMRadar shows that there are currently 6,004 machines installed worldwide, over 65% of which are in the United States.  The United States dwarfs other countries in Bitcoin ATMs Furthermore, 108 machines have been deployed this month and data also shows that the average daily number of Bitcoin ATMs installed is 11 — the fastest pace this year. Over three-quarters of the machines installed worldwide are in North America, nearly 20% in Europe…

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Crypto News From the Spanish-Speaking World: Nov. 10–16 in Review

In this week’s news from the Spanish-speaking world, a Venezuelan official claims that all currencies will be replaced by cryptocurrencies, the Argentinian chief of the Banking Association criticizes fintech and crypto, and Spain offers prepaid visa card to teenagers that they can reload with crypto. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. “Currencies will be replaced by crypto,” says Venezuelan official The Deputy of the National Constituent Assembly of Venezuela, Francisco Torrealba, said in an interview on national…

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Presidential Hopeful Andrew Yang Plans to Regulate Crypto Industry

Democratic 2020 presidential candidate Andrew Yang has outlined how he plans to regulate the cryptocurrency industry. Promise to promote legislation on cryptocurrencies On Nov. 14, Yang, an entrepreneur, lawyer, philanthropist and a Democratic candidate in the 2020 United States presidential election, wrote in a Nov. 14 blog post on the tech industry that cryptocurrencies experience the levels of fraud that they do because of lack of adequate regulations. He said: “Other countries, which are ahead of us on regulation, are leading in this new marketplace and dictating the rules that…

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Crypto News From Japan: Nov. 11–17 in Review

In this week’s selected cryptocurrency and blockchain-related news from Japan, a new association promoting crypto assets in antiquing was born, a well-known cryptocurrency trader was arrested and the Kyoto University started participating in the XRP ledger. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. Crypto Antiquing Association Launches On Nov. 11, Cointelegraph Japan reported that the Crypto Assets Antique Association (CAAA) was established with the purpose of promoting the use of crypto assets in the antique trade. CAAA’s representative director…

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ConsenSys CSO Seeks to Raise $50M for New Blockchain Investment Fund

An executive at the Ethereum blockchain firm ConsenSys is launching a new blockchain-oriented investment firm, Aligned Capital. Sam Cassatt, the chief strategy officer (CSO) at ConsenSys, announced that the firm will be seeking to raise $50 million for its first fund in an announcement on Nov. 15. Cassatt, who has been at the firm for five years, will continue to serve as an advisor to ConsenSys while working full-time as a founding managing partner at Aligned Capital. Apart from blockchain, Aligned Capital will invest in safe AI and innovative healthcare…

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