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Crypto Giant Huobi Australia-Bound for ‘Knowledgeable and Sophisticated’ Trading

Singapore crypto giant Huobi has announced it has begun trading from Sydney on its new Australian platform, reports the Asia Times.

Read the full article at https://bitcoinnews.com/crypto-giant-huobi-australia-bound-for-knowledgeable-and-sophisticated-trading/

Video https://m.youtube.com/watch?v=pTWef882Raw

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Facebook Creates Director of Engineering Blockchain Position

Facebook has confirmed that they have created a new position, Director of Engineering Blockchain, and have appointed Evan Chang. This is the latest in a series of developments that show social media powerhouse Facebook is considering blockchain technology integration.

Read the full article at https://bitcoinnews.com/facebook-creates-director-of-engineering-blockchain-position/

Video https://m.youtube.com/watch?v=TvLE-Z4n6qo

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Hodling Bitcoin May Be Best If You’re Looking for a Mortgage

According to a post on the Reddit forum r/btc it appears that mortgages may not be quite so easy to acquire for those with a cryptocurrency selling history.

Read full article at https://bitcoinnews.com/hodling-bitcoin-may-be-best-if-youre-looking-for-a-mortgage/

Video https://m.youtube.com/watch?v=HKxLi0WlqUE

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Ledger Generates $29.4M Profit from Hardware Wallets, Plans to Launch Crypto Custodian Service

French crypto firm Ledger says it has sold over 1 million Ledger Nano S cryptocurrency hardware wallets in 2017, generating USD 52.9 million of sales and USD 29.4 million of profits. Ledger will soon be expanding its business to cryptocurrency custodianship, and is planning another major investment round that has already sparked interest from Google, Siemens, and Samsung which may bring their valuation up to USD 1 billion.

Read the full article at https://bitcoinnews.com/ledger-generates-29-4m-profit-from-hardware-wallets-plans-to-launch-crypto-custodian-service/

Video https://m.youtube.com/watch?v=Aoplf-Gt2ug&t=4s

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Lightspeed Ventures to Invest $1.8B in Startups, Including Crypto

Lightspeed Venture Partners, headquartered in California, has put together a USD 1.8 billion fund to invest in startups across Southeast Asia. These will focus on cryptocurrency, biotechnology, cosmetics, and TV streaming services. It joins a growing list of institutional firms that are investing large sums of money into the crypto space.

Read the full article at https://bitcoinnews.com/lightspeed-ventures-to-invest-1-8b-in-startups-including-crypto/

Video https://m.youtube.com/watch?v=_akVMesjAKw&t=1s

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First Home Sold for Bitcoin In Northeast United States

A home in Delaware sold for USD 1.35 million of Bitcoin on 6 July 2018, which would be approximately BTC 208 at the time of sale. This is not only the first time a house has been sold for Bitcoin in Delaware, but also the first time in the entire Northeast United States. This is another example of how Bitcoin can be used as a currency even when dealing with large amounts of money.

Read full article at https://bitcoinnews.com/first-home-sold-for-bitcoin-in-northeast-united-states/

Video https://m.youtube.com/watch?v=dh8LBJ55A_I&t=2s

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BitGo Becomes Most Diverse Crypto Custodian After Adding 57 ERC-20 Tokens

BitGo has added 57 ERC-20 tokens to its cryptocurrency custodian service, making it by far the most diverse cryptocurrency custodian in the world. It plans on adding even more ERC-20 tokens. This rapid expansion of BitGo’s custodian service comes only two months after it launched the service in May 2018, following the acquisition of licensed qualified custodian Kingdom Trust regulated by the South Dakota Division of Banking.

Read the full article at https://bitcoinnews.com/bitgo-becomes-most-diverse-crypto-custodian-after-adding-57-erc-20-tokens/

Video https://m.youtube.com/watch?v=puZVm1NgDYI&t=3s

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TokenPay Gives Litecoin Foundation 9.9% Stake in Germany’s WEG Bank

Cryptocurrency payment service TokenPay purchased a 9.9% stake in Germany’s WEG Bank, and gifted a 9.9% stake to the Litecoin Foundation to forge a partnership. In return for the stake, the Litecoin Foundation agreed to provide technology and marketing expertise for TokenPay’s blockchain initiatives including the TPAY cryptocurrency, eFin decentralized exchange, TokenSuisse asset management, WEG Bank’s FinTech platform, and a multi-signature transaction engine.

Read the full article at https://bitcoinnews.com/tokenpay-gives-litecoin-foundation-9-9-stake-in-germanys-weg-bank/

Video https://m.youtube.com/watch?v=dLqAfGH-TAY&t=1s

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Israeli Arrested for Attempted $50M Crypto Sale of ‘Pegasus’ Spy Software

An Israeli man was indicted by the Tel-Aviv District Court on 5 July 2018 for trying to sell top-secret spy software called Pegasus built for Israel’s government. The extremely sophisticated software gained notoriety for being able to hack into Apple iPhones.

Read the full article at https://bitcoinnews.com/israeli-arrested-for-attempted-50m-crypto-sale-of-pegasus-spy-software/

Video https://m.youtube.com/watch?v=9ivkUGOXoJE&t=1s

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UK Testing New Platform in Preparation for a Crypto Future of Tokenized Assets

In the United Kingdom (UK), exciting advances for the blockchain industry are about to take place. It is one of the first demonstrations in a live deal that equity in a UK company can be tokenized and issued within a compliant custody, clearing and settlement system.

Read the full article at https://bitcoinnews.com/uk-testing-new-platform-in-preparation-for-a-crypto-future-of-tokenized-assets/

Video https://m.youtube.com/watch?v=YbPszJmwmJ8

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100 Merchants Able to Trial Lightning Network Thanks to CoinGate

CoinGate has announced a new pilot program, allowing 100 merchants to test a Lightning Network-enabled version of their service, making Bitcoin transactions faster and cheaper.

Read the full article at https://bitcoinnews.com/100-merchants-able-to-trial-lightning-network-thanks-to-coingate/

Video https://m.youtube.com/watch?v=5aYx8bRWZjg&t=1s

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ACTAI Global’s 4th Annual Blockchain Summit: Saving the Planet (A Bit at a Time)

As reported by Bitcoin News this week, Sir Richard Branston is hosting this year’s ACTAI Global’s Fourth Annual Blockchain Summit in Marrakesh, with sustainability on the agenda.

Read the full article at https://bitcoinnews.com/actai-globals-4th-annual-blockchain-summit-saving-the-planet-a-bit-at-a-time/

Video https://m.youtube.com/watch?v=UsYjrC4iPwE&t=2s

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LSE Begins ‘Cryptocurrency Investment and Disruption’ Course in August

A fascinating development has emerged from the prestigious London School of Economics (LSE) as it has unveiled a brand new online certificate course titled ‘Cryptocurrency Investment and Disruption’.

Read the full article at https://bitcoinnews.com/lse-begins-cryptocurrency-investment-and-disruption-course-in-august/

Video https://m.youtube.com/watch?v=lfCnQsHcSkQ&t=1s

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Local Experts Claim China Has Lost 90% Control over Bitcoin Market

According to the UK’s Daily Express, the Chinese government has seen its control on the global cryptocurrency market drop from 90% to 1% since 2017.

Read the full article at https://bitcoinnews.com/local-experts-claim-china-has-lost-90-control-over-bitcoin-market/

Video https://m.youtube.com/watch?v=Agcy5zaGqxQ

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Coinbase Maintains Optimism Despite Recent Popularity Slide

Crypto exchange giant Coinbase is reported to have recorded a decline in popularity over the past month, according to Ethereum World News.

Read the full article at https://bitcoinnews.com/coinbase-maintains-optimism-despite-recent-popularity-slide/

Video https://m.youtube.com/watch?v=JoX30PuQgwQ

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Bitcoin Still Best Bet, Says Wall St Crypto King

Bart Smith, Wall Street’s very own ‘Crypto King’, has said in an interview on CNBC’s Fast Money that Bitcoin is still the best option for crypto traders.

Read the full article at https://bitcoinnews.com/bitcoin-still-best-bet-says-wall-st-crypto-king/

Video https://m.youtube.com/watch?v=vdB25Zdg6fg&t=3s

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Malta Double Dips with World’s First “Convertible” ICO and New Blockchain Degree

Malta-based company Palladium is to launch the world’s first “initial convertible coin offering” (ICCO) with two partners including Bittrex, writes Cointelegraph.

Read the full article at https://bitcoinnews.com/malta-double-dips-with-worlds-first-convertible-ico-and-new-blockchain-degree/

Video https://m.youtube.com/watch?v=Rv2PaqPYjgc&t=1s

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YouTube Being Sued for BitConnect Negligence

BitConnect was a high-yield cryptocurrency investment ponzi scheme that collapsed in January 2018, and now YouTube is being sued for alleged negligence in propagating BitConnect content. Apparently, YouTube published over 70,000 hours of unedited BitConnect connect, generating 58 million views, possibly resulting in hundreds of thousands of victims.

Read the full article at https://bitcoinnews.com/youtube-being-sued-for-bitconnect-negligence/

Video https://m.youtube.com/watch?v=Bl7CKZmswzQ&t=7s

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China Central Bank Vows to Crush Foreign ICOs Targeting Chinese Investors

At a meeting for the Internet Finance Rectification Working Group on 9 July 2018, the Vice Governor of the People’s Bank of China (PBoC), Pan Gongsheng, had harsh words for foreign initial coin offerings (ICOs) that are targeting Chinese investors. He said, “Any new financial product or phenomenon that is not authorized under the existing legal framework, we will crush them as soon as they dare to surface.”

Read the full article at https://bitcoinnews.com/china-central-bank-vows-to-crush-foreign-icos-targeting-chinese-investors/

Video https://m.youtube.com/watch?v=gwjaeemrj7Y&t=5s

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Sidetangle Attack on IOTA Reveals DAG Susceptibility

The IOTA network, referred to as the tangle, has been under siege recently by a sidetangle, which is a parasitic chain of transactions produced by a hacker. The sidetangle has been stitched to the maintangle, causing nodes to crash and slowing down the entire network. This has revealed a susceptibility for directed acyclic graph (DAG) based cryptocurrencies.

Read the full article at https://bitcoinnews.com/sidetangle-attack-on-iota-reveals-dag-susceptibility/

Video https://m.youtube.com/watch?v=nSm7Nir02Hg&t=3s