BayPay Members Blogs

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Crypto Prediction Market and Derivatives Platform Veil Is Closing

Veil, the crypto-focused prediction market and derivatives platform, is closing its doors. Launched in January, the Veil web interface allowed users to place bets on Augur prediction markets, offering an instant...
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CEO of BitFunder Exchange Gets 14 Months in Prison for Fraud, Obstruction

Jon Montrol, the operator of defunct bitcoin-denominated trading platform BitFunder and WeExchange deposit service, was sentenced for securities fraud and obstruction of justice, according to a statement from the Southern District...
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IRS Confirms It Trained Staff on Finding Crypto Wallets

The U.S. Internal Revenue Service (IRS) may consider subpoenaing major tech companies like Apple, Google and Microsoft in search of taxpayers’ unreported cryptocurrency holdings. That’s according to a slide deck presentation...
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Mark Cuban ‘Not a Big Fan’ of Facebook’s Libra


Mark Cuban, billionaire “Shark Tank” co-host, raised concerns about Libra’s potential to disrupt global finance when speaking to CNBC on July 12. Cuban referred to the Menlo Park-based social networking company’s...
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Another Crypto Company Wants to Offer Bitcoin Derivatives in the US

Institutional digital assets platform trueDigital Holdings has announced plans to offer bitcoin derivatives for U.S. investors. In a press release on Friday, the company said it’s reached an “agreement in principle”...
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Binance Destroys $26 Million Worth of Its Team’s BNB Tokens


Binance, the world’s top exchange by trading volume, says it has completed the eight quarterly “burn” of Binance coin (BNB) tokens. The exchange posted Friday that the burn – the industry...
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Crypto Broker Prasos Wins EU Payment Institution License

A Finland-based firm offering cryptocurrency brokerage and exchange services has been granted a Payment Institution License (PIL) in the EU. In an announcement Friday, Prasos Ltd. said that, with the news,...
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Pullback Over? Bitcoin Bounces $600 from $11K Price Support



View Bitcoin’s bounce from the support of the 10-candle moving average (MA) on the three-day chart may have opened the doors for a retest of recent highs above $13,000. The MA...
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Facebook Is Seeking an Economics Researcher for Its Calibra Wallet


Facebook is continuing to grow the team for its Libra cryptocurrency project with the hiring of a new economics researcher. The social media giant currently has almost 40 posts open for...
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The Miami Dolphins Now Have an ‘Official Crypto’ – And It’s Litecoin

American football team the Miami Dolphins have teamed up with the Litecoin Foundation to accept cryptocurrency payments. Announced by the Litecoin Foundation on Thursday, the partnership will kick off on Sept....
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How Bitcoin Might Help the World’s Oppressed Sidestep Censorship – in Space

A loose group of developers are testing out the idea that the combination of bitcoin and orbital communication might provide a means for stopping governments or other powerful entities from suppressing...
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Bitpoint Exchange Hacked for $32 Million in Cryptocurrency


Bitpoint, a licensed cryptocurrency exchange based in Japan, has been hacked for $32 million in crypto assets. According to a CoinDesk Japan report on Friday, Bitpoint halted all services including trading,...
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Bitcoin Unaffected as Markets Shrug Off Trump’s Critical Tweets


Donald J. Trump has just tweeted his disapproval for cryptocurrency. On Thursday evening, the US president stated in a tweet that unregulated crypto assets possess the ability to facilitate unlawful behavior,...
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US President Donald Trump Says He’s ‘Not a Fan’ of Bitcoin

Donald J. Trump tweeted Thursday that he is “not a fan” of cryptocurrencies, saying they were “not money” and referencing their price volatility relative to the dollar in his first public comments...
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Fed Chairman Jerome Powell Compares Bitcoin to Gold

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Federal Reserve Chairman Jerome Powell said he can envision a return to an era where multiple currencies are in use in the United States. During Powell’s testimony before the Senate Banking...
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Police in Spain Say Bitcoin ATMs Expose Problems in Europe’s AML Laws

Law enforcement officials in Spain are arguing that a recent effort to break up a criminal organization — which utilized bitcoin ATMs — has exposed a gap in European anti-money laundering...
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SEC Gives YouNow’s Ethereum Token ‘Props’ Reg A+ Approval

The U.S. Securities and Exchange Commission (SEC) has granted an ethereum-based token a Reg A+ qualification, the startup YouNow said Thursday. Props  is an ethereum-based blockchain token that integrates with streaming...
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110 Crypto Exchanges Are Reportedly Trying to Get Licensed in Japan

Japan’s interminable winter for cryptocurrency exchanges seems to have thawed. The Financial Services Agency (FSA), Japan’s top financial watchdog, told crypto news site  Bitcoin.com that 110 exchanges are in “various stages...
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Bitcoin’s Price Charts Point to an Impending ‘Golden Cross’



A bitcoin price indicator is about to turn bullish for the first time since the early stages of the 2016-17 bull market. The 50-candle moving average (MA) on bitcoin’s three-day chart...
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ConsenSys May Finally Fix Its ‘Chaotic’ Employee Equity Situation

Ethereum co-founder Joseph Lubin, head of the Brooklyn-based venture studio ConsenSys, is moving to appease employees who say they’re fed up with unfulfilled promises about equity disbursements. Out of seven current...
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