Buying Crypto With The Apple Card Violates Its Customer Agreement

According to the Apple Card Customer agreement, users will not be permitted to buy cryptocurrencies using the company’s upcoming credit card service. Goldman Sachs published the agreement on July 2, according to a report by Reuters on the same day. As per the report, American tech giant Apple is releasing the Apple Card in partnership with investment banking company Goldman Sachs as part of a broader business plan to bring in more revenue through service offerings.  According to the card’s customer agreement, cryptocurrency purchases fall under the heading of cash…

Buying Crypto on Credit Not Necessarily a Cash Advance

Southern District of New York Judge Katherine Polk Failla has ruled that purchasing cryptocurrency with a Chase Bank credit card does not necessarily count as a cash advance, as per Chase’s contract. According to an opinion and order document dated August 1, Judge Failla has denied Chase’s motion to dismiss a number of the plaintiff’s complaints, which center on the bank charging a user cash advance fees for buying cryptocurrency with a Chase credit card. The plaintiffs are Brady Tucker, Ryan Hilton, and Stanton Smith, who have brought a class…

Elliptic Launches Data Set to Identify Crypto Money Laundering

Cryptocurrency compliance company Elliptic has released the Elliptic Data Set, geared toward identifying cryptocurrency transactions associated with money laundering (AML). The development was announced in a press release shared with Cointelegraph on Aug. 2. Making the crypto world more transparent Having developed a data set of 200,000 Bitcoin (BTC) transactions with a total value of $6 billion,  Elliptic claims it to be the largest set of labeled transaction data publicly available in any digital currency in the world. According to the announcement, the product is designed to help users more…

Bitcoin.com Appoints New CEO as Roger Ver Leaves Position

Bitcoin.com has appointed Stefan Rust as the company’s new chief executive officer as Roger Ver leaves the post, according to an announcement published on Aug. 2. Rust will continue working on the development of the company’s new products and services that promote peer-to-peer electronic cash. Commenting on the appointment, Rust said: “I’m hugely excited to take on the role of CEO working alongside Roger. Together we can now turbocharge the awesome team and great brand that is Bitcoin.com. […] We will play an integral part in making money work for…

“Golden” Bullish Bitcoin Price Signal: Are 5000% BTC Gains Ahead?

While 2018 was most certainly a bear market for Bitcoin and crypto assets, 2019 has been mostly a bull market or at least the beginning stages of one. The latest in the growing list of signs the leading crypto asset by market cap is building a bullish foundation and will rise to new all-time highs, is a “golden cross” on three-day Bitcoin price charts. The last time this occurred, was in February 2016, and from there, Bitcoin went on to bring investors a 4,900% return on investment. Could the same…

Grayscale Investments to Make Biggest Transfer in Crypto History

According to Forbes, Bitcoin and cryptocurrency asset manager Grayscale Investments is about to make the biggest transfer in cryptocurrency history. The asset manager is planning on moving billions of dollars worth of holdings today, and the destination is US crypto wallet and trading platform Coinbase. Should the transfer go off without a hitch, it will mark the largest single-day transfer of cryptocurrency assets ever. Grayscale Transfers Billions in Cryptocurrency New York-based Grayscale has announced that Coinbase Custody will serve as custodian on the $3 billion-worth of underlying assets. The entire…

Crypto to Become Part of ‘Global Populist Revolt’

Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, expressed his admiration for Bitcoin (BTC), seeing it as part of a “global populist revolt,” in an interview with CNBC’s Squawk Box on Aug. 2. “Global populist revolt” Bannon argued that the leading digital currency Bitcoin could be a very important part in “this global populist revolt,” with cryptocurrencies having a big future. Bannon thus reiterated words from his lecture in Zurich this spring, when he stated that cryptocurrencies and blockchain will “empower [the…

Crypto Derivative Platform FTX Introduces Alternative to Short Alts

CoinDesk reports that new crypto derivatives platform FTX has launched one of the most abstract and strangely-named futures index fund in the cryptocurrency market. The index, dubbed Shitcoin Index Perpetual Futures or SHIT-PERP, is a 58 low market cap coins index. It is flanked by other low-cap indices ALT-PERP and MID-PERP and includes projects such as Grin, Nano, and Waves. FTX’s Connection with Alameda Research The derivative platform was opened in spring after an incubation program under Alameda Research began. The FTX derivatives platform operates an over the counter desk,…

‘Do Not Paint Us With a Broad Brush’

Ripple, whose business is built on providing financial institutions with an infrastructure to facilitate international payments and currency trades, has always been a more likely ally to governments and regulators than most other major blockchain projects and cryptocurrencies. Seeking to enhance rather than disrupt the operations of the legacy financial industry, the company has been long stressing the importance of a clear-cut policy framework for the banks to fully reap the fruits of blockchain-powered innovation. The regulatory pushback against Libra, Facebook’s recently announced cryptocurrency, has apparently spurred Ripple’s determination to…