Free Crypto Trading App Robinhood Available in Alaska and Oklahoma

Free Crypto Trading App Robinhood Available in Alaska and Oklahoma

News “Alaska, thanks for bearing with us,” popular smartphone trading app Robinhood tweeted. “Trade Bitcoin and other cryptocurrencies, commission free.” Mere days after, it announced the same for Oklahoma. Residents of the two states can now trade bitcoin cash, dogecoin, ethereum, ethereum classic, and litecoin on its platform. Also read: Colombia Crypto Exchange Asks New President for Banking Help Robinhood Brings Free Crypto Trading App to Alaska and Oklahoma This week Robinhood, the booming smartphone stock and crypto commission-free trading app, announced it had extended its services to the US states of Alaska and Oklahoma. Effectively, the company is gaining on being available in nearly half of the United States. Including Alaska and Oklahoma, the 19 other states where users can try the app are Arizona, California, Colorado, Florida, Georgia, Indiana, Iowa, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Jersey, New Mexico, Pennsylvania, Texas, Utah, Virginia, and Wisconsin. The app features half a dozen cryptocurrencies, but users are also privy to legacy and institutional stock markets, charts, options, as well as up-to-the-minute data from altcoins such as Bitcoin Gold, Dash, Lisk, Monero, NEO, Omisego, Qtum, Ripple, Stellar, and Zcash. A Year of Growing Into Crypto The company began 2018 with a blockbuster announcement, suggesting they were moving into crypto. “Trading functionality for BTC and ETH will be released gradually in waves,” they blogged, “to Robinhood residents in California, Massachusetts, Missouri, Montana, and New Hampshire. Robinhood Crypto will be available in more states soon.” By February, users could begin trading bitcoin core (BTC) and ether. Not too long after, the company began to inch their way into California, Massachusetts, Missouri, Montana, and New Hampshire. It has seemed all downhill from then on for the app, as it continued to gain clusters of states. It also wasn’t too much long ago the company was valued at over $5 billion following over a quarter billion dollars in venture capital funding. Some analysts insisted at least part of that eye-popping valuation was due to Robinhood embracing cryptocurrency.   Do you think Robinhood will eventually expand into all 50 US states? Let us know in the comments below.  Images courtesy of Shutterstock. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up…

Samourai Wallet Stops Showing Fiat Value of Bitcoin Balances

Samourai Wallet Stops Showing Fiat Value of Bitcoin Balances

Privacy-focused bitcoin wallet Samourai is dropping fiat conversions from its platform, the company announced Friday. The Samourai Wallet’s latest release includes a number of changes, including the fact that it is now available in 12 different languages, according to a blog post. However, the most significant change will see the three-year-old platform change from showing stored bitcoin amounts in a U.S. dollar equivalent to showing them only in either bitcoin or satoshis. According to the post, the company made the move to force users into transacting with bitcoins, saying “we believe it is fundamental that our existing and future users understand that when they transact within the Bitcoin network, when they participate in the Bitcoin economy, they are transacting with the token native to the Bitcoin network, BTC, and nothing else.” The post explained that when Samourai first began, its founders included a dollar conversion for users’ convenience. However, it added: “We are now nearing the end of 2018 and realize that users will never be ready. Thinking in fiat currency terms is familiar, you likely interact with it all the time. This is precisely the reason that within the context of a Bitcoin wallet it is a crutch. We have made the decision that as of version 0.98.87 to remove that crutch.” While the move may inconvenience some users, the post said, the company still believes it is necessary. That being said, the post noted, “we have decided to keep fiat currency conversion within the Sentinel Watch Only app, as independent merchants who frequently use the app and other use cases require the use of a currency conversion function.” The wallet remains in a test phase at the moment, the post noted. Users can build it from the source code on Github or download it through the Google Play store. Bitcoin image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges

US Federal Judge Rules My Big Coin a Commodity, CFTC Can Pursue Charges

Regulation A U.S. federal judge has ruled that My Big Coin is a virtual currency meeting the definition of a commodity, which falls within the jurisdiction of the Commodity Futures Trading Commission (CFTC). This allows the regulator to pursue fraud charges involving the cryptocurrency. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Judge Rules My Big Coin Is a Commodity In a lawsuit against My Big Coin Pay Inc. and its founder, the CFTC’s authority has been challenged by the defendants. The case could not move forward until the derivatives watchdog’s jurisdiction has been established. On Wednesday, U.S. District Court Judge Rya Zobel in Boston sided with the CFTC and ruled that My Big Coin (MBC) is a commodity. Reuters reported that, according to the judge: Virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc. In the case’s Memorandum of Decision filed on Wednesday, Zobel explained that the Commodity Exchange Act “defines ‘commodity’ generally and categorically, ‘not by type, grade, quality, brand, producer, manufacturer, or form’,” elaborating: The amended complaint [by the CFTC] alleges that My Big Coin is a virtual currency and it is undisputed that there is futures trading in virtual currencies (specifically involving bitcoin). That is sufficient, especially at the pleading stage, for plaintiff to allege that My Big Coin is a ‘commodity’ under the Act. The document also references three other cases involving cryptocurrencies. In the case of CFTC v. Mcdonnell, “Virtual currencies can be regulated by CFTC as a commodity.” Virtual currencies are also “properly defined as commodities” in the Bfxna Inc. d/b/a Bitfinex case and the Coinflip case. My Big Coin Case Continues The CFTC filed charges against Randall Crater, Mark Gillespie, and My Big Coin Pay Inc. in January. The regulator alleged that “the defendants misappropriated $6 million from 28 customers they lured by naming their virtual currency [MBC] to sound like bitcoin and further claiming it was backed by gold,” Reuters detailed. However, its jurisdiction over cryptocurrencies was challenged in June, as news.Bitcoin.com previously reported. Crater’s lawyer Katherine Cooper argued that MBC “does not have future contracts or other derivatives trading on…

This Month in Crypto: Stanford, Warhol, the LA Dodgers, and Tour de Crypto

This Month in Crypto: Stanford, Warhol, the LA Dodgers, and Tour de Crypto

A curated selection of meaningful moments in September that are bringing us all closer to realizing an open financial system for the world. Scrabble adds bitcoin to its official dictionary The Official Scrabble Players Dictionary, published by Merriam-Webster, released its latest edition, adding bitcoin as one of the 300 new words. According to NPR, this is the 6th edition of the dictionary, which was first published in 1976 and is updated only once or twice a decade (the last edition was published in 2014). LA Dodgers launch crypto bobblehead giveaway Image sourced from the Dodgers’ Facebook pageAs part of the first crypto-based giveaway in pro sports, the LA Dodgers launched Digital Bobblehead Night, in which they distributed crypto collectibles to the first 40,000 fans at a game against the Padres. The collectibles will include digital bobblehead versions of Clayton Kershaw, Justin Turner and Kenley Jansen that can be stored in a fan’s Ethereum wallet. Cyclists set off on first Tour de Crypto, a cross-country crypto charity ride Tour de Crypto is a 4,000 mile ride from the Hamptons (NY) to Huntington Beach (CA) that kicked off September 14 and is meant to raise awareness of how cryptocurrencies can be donated as charitable gifts. The inaugural two cyclists aim to raise 1M in crypto which will be donated to the Houston Area Women’s Center, a nonprofit that works to end domestic and sexual violence, and accepts crypto as a form of donation. Warhol painting tokenized and sold in first crypto art auction Image provided by Maecenas (please see link above)Andy Warhol’s 14 Small Electric Chairs (1980) was sold to 100 people using blockchain technology in a month-long auction conducted by London-based gallery Dadiani Syndicate and Maecenas, an art investment platform. The auction raised $1.7 million for 31.5 percent of the artwork at a valuation of $5.6 million. Maecenas tokenized 14 Small Electric Chairs by converting the 1980 Reversal Series work into digital certificates and offered up to 49% ownership interest for sale in auction. Buyers then purchased fractions of the piece with bitcoin, ether or the ART token, a cryptocurrency created for Maecenas. The final price was determined by a smart contract. UN Women to use blockchain to facilitate cash transfers to Syrian refugees Through a partnership with the World Food…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 28

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 28

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Have Bitcoin and the top altcoins bottomed out? We have been maintaining for some time that Bitcoin and a few other cryptocurrencies are in the process of forming a bottom. Now, several experts are also saying that Bitcoin is likely to rally in the final quarter of this year. If the institutions make an entry, the rally might pick up steam. A few technical  indicators are also pointing to a rally in the next few weeks and months. The head of research at Fundstrat Global Advisors and a crypto bull Tom Lee has a very optimistic target for Ethereum. He predicted that the second largest cryptocurrency by market capitalization will jump more than 700 percent from its current price level by the end of 2019. Investors, however, should be cautious and only invest the money they can afford to lose, because every analyst gets a call wrong once in a while. On the side of fundamentals, the news and developments remain strong. Switzerland-based startup SEBA Crypto AG, led by former UBS bankers, has raised about $103 million to set up a bank offering cryptocurrency-related services. Ukraine’s central bank is planning to launch a state-owned digital currency tied to the national fiat currency at a rate of 1:1. This plan has been in the pipeline for some time now, but still, it will be interesting to see the markets’ reaction if Ukraine launches a government-backed cryptocurrency. Is the trend for cryptocurrencies about to reverse? Let’s find out. Note: as a number of cryptocurrencies are showing bottom formations or buy setups, we are recommending them. However, the traders should not jump in and invest all available capital. They should do their own due diligence and only attempt the trades they are confident about. The sentiment is still bearish; hence, caution is warranted. BTC/USD Bitcoin has broken out of the moving averages, but is facing resistance at the September 22 intraday high of $6,831.99. The downtrend line of the descending triangle…

Ethereum Security Lead Joins Effort to Oust Blockchain’s Big Miners

Ethereum Security Lead Joins Effort to Oust Blockchain’s Big Miners

A notable voice is joining the ranks of ethereum developers who are seeking to block powerful ASIC miners from earning an outsized share of the platform’s valuable ether cryptocurrency. In an developer meeting Friday, Martin Holst Swende, security lead at the Ethereum Foundation, said he supports swift action to remove ASIC mining hardware from the ethereum platform. Joining the non-profit in 2016, Swende now works to ensure code changes do not disrupt or harm operations on the world’s second-largest blockchain. With the remarks, Swende is aligning with other leading technologists who work on the platform’s core code and who think developers should introduce code to block the chips. First introduced on ethereum back in April, dissenting developers argue the chips may reduce the number of participants able to profitably maintain the network’s ledger. In the meeting, Swende remarked that a software change, dubbed ProgPoW, should be implemented “in parallel” with a larger, upcoming upgrade, “if the technical underpinnings are there.” As detailed by CoinDesk, the software change would render current ethereum ASICs unusable, and potentially prevent the development of such hardware going forward. He said: “I think it’s a very good change and am for including it as soon as possible.” Swende also noted after the meeting in email to CoinDesk that unlike other proposals for software upgrades on ethereum that affect the heart of smart contract deployment on the platform called the ethereum virtual machine (EVM), ProgPow would “not touch the EVM or state transition at all.” As such, Swende noted that testing for the proposal could be implemented on “a totally separate testbed” in parallel to the normal testing process currently at a bottleneck due to preparation for ethereum’s upcoming hard fork or system-wide upgrade. The upgrade also known as Constantinople has been in the works for months, with developers convening and reconvening on the priority issues of ethereum needing to be addressed. As of today’s meeting, the upgrade is due to activate on ethereum testnet Ropsten on October 9, estimated to be block 4.2 million. Speaking on a forum prior to today’s meeting, Swende proposed the software change to be implemented in a “separate hard fork which is decoupled from Constantinople.” “If we eventually decide to set both [upgrades] to the same [block] number, then fine, but that’s not…

WSJ Investigation Alleges $88 Million Laundered Through 46 Crypto Exchanges

WSJ Investigation Alleges $88 Million Laundered Through 46 Crypto Exchanges

Nearly $90 million potentially associated with criminal activity was laundered through 46 cryptocurrency exchanges, the Wall Street Journal reported Friday. In particular, the Journal reported, some $9 million was laundered through ShapeShift AG, the Erik Voorhees-led cryptocurrency exchange known for allowing users to maintain their anonymity, over a two-year period. Moreover, this was the largest sum laundered through any single U.S.-based exchange on its list. The Journal’s investigation tracked funds from more than 2,500 crypto wallet addresses associated with reported criminal activity, finding that $88.6 million was laundered through the exchanges. ShapeShift, it claims, was “the largest recipient of the funds with a U.S. presence,” noting that while it is registered in Switzerland, it is operated in the U.S. state of Colorado. Reporters gave ShapeShift a list of addresses deemed “suspicious,” which the exchange then banned, chief legal officer Veronica McGregor said, according to the article. The report described how it traced funds from one fraudulent scheme to exchanges, explaining that reporters followed transactions and wallet addresses on the ethereum blockchain to ShapeShift and KuCoin. At ShapeShift, some $517,000 in ethereum was converted to monero, where the trail went dark, as an example. The report’s timing is notable, coming just weeks after ShapeShift announced it would enforce “know-your-customer” rules beginning next month. McGregor told the Journal that the move was “not in response to any regulatory enforcement action,” but rather, as part of an effort to “de-risk” the exchange. Her statement echoed comments by Voorhees, who told CoinDesk that the move was a “proactive” step to forestall any future regulatory action. “It was a strategic decision as we believe the risk of not doing so had gotten too great. It was not made lightly,” he said. Laundry image via Shutterstock The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

Chopsticks API Gives BCH Application Developers Options During a Contentious Fork

Technology & Security On Thursday, September 27, Eminent.ly developers announced the launch of an application programming interface (API) called Chopsticks.cash. The Chopsticks API is for application developers or advanced users that are worried about the possibility of a contentious fork this November. Also Read: Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go Chopsticks API Allows Application Developers to Submit Raw Signed Transactions to All Post-November-15-Fork BCH Chains Everyone knows a Bitcoin Cash hard fork is scheduled for November 15th of this year and at the moment there is a controversial disagreement in regards to the upgrade changes. Yesterday the Eminent.ly development team launched a protocol that allows application developers and advanced users to avoid any forking disruptions. Essentially they have created in Chopsticks.cash an advanced API that allows people to submit their raw signed transactions to all post-November-15-fork Bitcoin Cash chains. Right now there is the possibility of codebase changes stemming from Bitcoin ABC, Bitcoin SV, and Bitcoin Naybc developed by the lead XT programmer Tom Harding. “Sadly, the probability that the BitcoinCash (BCH/XBC) community will have to deal with a contentious fork on November 15th, 2018 is pretty high at this point,” explains the developers of Eminent.ly (a business-social network that records proofs of referral and interest on-chain). “No one knows how things will go during this contentious forking period, and which Bitcoin Cash forks are going to survive and to be supported by the community.” The Chopsticks creators add:    Early adopters of Bitcoin Cash and application developers like us at eminent.ly cannot take the risk of losing any of their transactions during this period, and absolutely need to continue operating during the contentious fork — The solution we propose here with Chopsticks.cash is to provide an API that is recording transactions on each Bitcoin Cash post-fork chains (XBC, XBS, XBN, etc). Advanced Users, Merchants, and BCH Application Developers Will Be Able to Operate Their Businesses Normally During a Conflicting Period In a post written on the social media network Yours.org, the founder of Eminent.ly Romain Pellerin says that the process of using Chopsticks if the chain splits will duplicate the funds owned on each chain. Pellerin details it will not cost a user any more money to record it in…

Luxury Watchmaker Hublot Unveils New Model, Available for Bitcoin Only

Luxury Watchmaker Hublot Unveils New Model, Available for Bitcoin Only

Swiss luxury watch brand Hublot has unveiled its new watch Big Bang Blockchain in an official announcement September 19. The new model has been released to commemorate the upcoming 10th anniversary of Bitcoin (BTC). As per Hublot’s release, the 210-piece limited edition can only be purchased with BTC. The number of units symbolises the fact that the number of bitcoins will never exceed 21 million. To promote and sell the model, Hublot has partnered with Octagon Strategy Limited (OSL) –  a major Asian digital asset brokerage which will help process customer data during the pre-sale. To purchase a Big Bang Blockchain, a customer has to register on a dedicated website. OSL will then confirm the data and send the payment details via email. The new Hublot model will be delivered to its buyers in the beginning of 2019. The elite Swiss brand has also paid a tribute to blockchain technology, calling it “a revolution in the financial system”. Hublot further explained the importance of decentralization: “By allowing digital information to be distributed, Blockchain technology creates the backbone of a new type of Internet. Well-recognised for its originality, the technology is regarded as one of the most powerful and fastest-growing trading tools, not to mention unlimited possibility of usage in different aspects that will revolutionise various industry norms and trade.” The Swiss brand is not the only one to commemorate Bitcoin’s upcoming anniversary. For instance, an art gallery in Paris has announced an exhibition called Bitcoin Art (R)evolution which aims “to show the potential of cryptocurrencies”. According to a press-release, each item at the event can be purchased both with BTC and other cryptocurrencies (Litecoin, Monero, Ethereum). Bitcoin originally emerged in 2008, at the height of the global financial crisis, when a white paper authored by the pseudonymous Satoshi Nakamoto was published. The white paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” was released on bitcoin.org on October 31 – a date that is widely considered as ground zero for BTC, although the first actual bitcoin was mined on January 3, 2009. Over the almost ten years since the mining of the first Bitcoin block, many have proclaimed the cryptocurrency dead – more than 300 times overall, as Cointelegraph reported earlier. However, BTC remains the most…

Bitcoin Group SE Reports Half-Year Profit Surges 300% to $3.85 Million

Bitcoin Group SE Reports Half-Year Profit Surges 300% to $3.85 Million

News German digital currency exchange Bitcoin Group SE reported on Friday a first-half net profit increase of more than 300% to €3.33 million (~$3.86 million USD). The company added 86,000 new accounts of people buying and selling cryptocurrency like bitcoin and bitcoin cash in the first six months of 2018. Also read: Debit Card Issuer Bitnovo Announces Bitcoin Cash Support Bitcoin Group SE Profits 300% Rises on Increased Customer Traffic Bitcoin Group SE today reported its net profit soared 306% to $3.86 million in the first half of the year as more people bought and sold cryptocurrency through the German exchange. A year earlier, profit was at $0.95 million. For the first six months of 2018, Bitcoin Group SE said sales revenues tripled to $6.57 million from $2.1 million in the comparable period a year ago. Operating profit climbed 368% to $5.64 million. German’s only regulated digital currency exchange said about $707.6 million worth of bitcoin was traded on the platform at the end of last year, when the price of BTC peaked at $20,000. But volume “flattened out…due to profit taking”, the company said, and also because of the free-fall in the price of bitcoin during the review period. Bitcoin plummeted about 52% during the first half of this year, falling from $12,968 on January 1 to $6,251 by the end of June. Rapid Customer Growth Bitcoin’s astronomical rise at the end of 2017, coupled with increased mainstream media headlines, have brought public attention to a currency that’s predominantly transacted on smartphones, laptops or desktop computers. Bitcoin Group SE said it added 14,300 new users on its platform every month, bringing a total of 86,000 new accounts for the half-year. Around 753,000 investors are now actively using the exchange to buy and sell crypto, it said. “Despite a stronger correction of the exchange rates, it is evident that many customers find confidence in cryptocurrencies and perceive them as an equivalent alternative to paper currencies,” said Marco Bodewein, managing director at Bitcoin Group SE. Exchanges Seek Expansion Digital currency exchanges are looking for growth in new areas or to consolidate existing positions to help boost revenue and minimize risk from an uncertain regulatory environment in their home economies. Coinbase is to relax its listing requirements, as part of efforts to…