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G20 Starts Crypto Discussions - A Look at Global Standards
Finance ministers and central bank governors from the G20 countries have gathered this weekend for a two-day meeting ahead of the G20 summit, and cryptocurrency is among the topics of discussion. Global standard-setting bodies have submitted their policies and provided tools to help the member countries with the regulation of crypto assets in their own jurisdictions.

Also read: G20 Countries Start Implementing Unified Crypto Standards

Crypto Discussions at G20 Meeting
World leaders will gather in Osaka as Japan hosts its first ever G20 summit on June 28 and 29. Ahead of the summit is a G20 Finance Ministers and Central Bank Governors Meeting which is taking place on June 8 and 9 in the Japanese city of Fukuoka. Besides the G20 countries, there are invited guest countries and international organizations that will be participating including the United Nations, the International Monetary Fund, the World Bank, and the World Trade Organization. Cryptocurrency, regulations, and how users should be protected in the new financial system are being discussed at the conference this weekend, according to local media.





Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon

Debit cards tied to cryptocurrency wallets provide an opportunity to spend your digital coins almost anywhere fiat money is accepted. It’s a working solution, at least until wider adoption comes around. That’s why they’ve become so popular in the crypto community. Challenges of different sorts have negatively affected some of the earlier offerings, but it’s good to see products that have survived and new ones that are gaining traction or are about to enter the market.

Also read: These Tourist Destinations Welcome Bitcoin Cash Enthusiasts

A Global Crypto Debit Card
During the past year, crypto winter forced businesses to downsize and adjust to unfavorable market and regulatory conditions. Many are still trying to adapt and some are already seeking opportunities elsewhere. For example, the company that issued Shift, arguably the first bitcoin debit card in the U.S. which allowed holders to spend from their Coinbase wallet, is not offering it anymore. It’s now operating under a new brand name, Apto Payments. And in Europe, many card providers suffered a hard blow when Visa terminated Wavecrest’s membership – some have recovered, others are yet to return.

Not everything is so bleak, however. Paycent is a crypto debit card that’s been available worldwide since relatively recently but according to its website, over 53,000 cards have already been delivered globally. They enable users of the Paycent wallet to spend their digital assets in brick and mortar stores as well as with online merchants through conversion to fiat. You can also withdraw funds in local currency from ATMs in just about any country. The card can be ordered from the platform’s wallet which supports a number of coins including bitcoin core, ethereum, litecoin, dash, and the Binance token.






Create a Custom BCH Address With Vanity.cash

A vanity address can be useful in various situations. If you have a business, for example, you can incorporate its name into a bitcoin cash address you regularly use for payments. Vanity.cash is a platform that will help you create custom BCH addresses in a few easy steps.

Also read: Find a Job Paid With BCH Using Workingforbitcoins.com

How to Generate a Vanity Bitcoin Cash Address
Vanity.cash will allow you to create public addresses in both BCH address format and BTC (legacy) format. The first requires you to start with a lowercase character which can be ‘q’, ‘p’, ‘r’, or ‘z’, and then type in the prefix you want to have for your public address. You can enter any letter or number except for ‘b’, ‘i’, ‘o’, and ‘1’. Legacy addresses can be generated using letters and numbers other than ‘0’, ‘O’, ‘l’, and ‘I’.

You can build an address in the BCH format starting with ‘q’ and continuing with the word ‘cash’, for instance. A short prefix like that will probably cost you nothing. Click the “Get it for free” button at the bottom of the page and you’ll be prompted to choose between two options, ‘compressed’ or ‘uncompressed.’ Then you have to provide an email address where you’ll receive a secure link to your key once it’s generated. Longer phrases would require you to pay for the service with bitcoin cash.




Accelerating the World’s Transition to Cryptocurrency


Transition to Cryptocurrency
Crypto.com was founded in 2016 and launched an initial coin offering (ICO) in May 2017 after a year working on its offering in stealth development mode. The payments and card provider, formerly known as Monaco, today reports that it employs more than 120 people.

The company has announced it started shipping the MCO Visa card to customers in Singapore in October 2018. The following month it was also revealed that the cards will be issued in the U.S. through a partnership between its Florida-based affiliate Foris Inc. and Metropolitan Commercial Bank, New York. The cards, which have no annual, monthly or ATM withdrawal fees, can be ordered from the app.




Crypto.com Adds Bitcoin Cash Support


Crypto.com Adds Bitcoin Cash Support
Hong Kong headquartered payments and cryptocurrency platform Crypto.com announced on Wednesday May 29 that it has added support for bitcoin cash (BCH) to its wallet and card app. This means that users can now buy BCH from the service with credit card and bank transfer both available for funding.

The company explained that, as it also offers the MCO Visa card, this move adds additional utility to BCH as users can now easily convert digital funds into fiat currencies and spend them at over 40 million merchants supporting the network around the world.
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Jun 1, 2019

BTC$8594.04+0.77%ETH$268.26-0.09%XRP$0.44+0.5%BCH$440.47+0.05%EOS$7.87-4.83%LTC$113.06-0.18%BNB$32.75-1.34%BSV$187.54-0.77%XLM$0.13+2.41%TRX$0.04+12.96%ADA$0.09+6.65%XMR$93.42+1.35%DASH$164.24-0.11%IOT$0.49-1.47%ATOM$5.82-2.58%ETC$9.13+5.69%XTZ$1.49-0.2%NEO$13.86+0.11%XEM$0.09-0.06%ONT$1.51+0.5%
BTC$8594.04+0.77%ETH$268.26-0.09%XRP$0.44+0.5%BCH$440.47+0.05%EOS$7.87-4.83%LTC$113.06-0.18%BNB$32.75-1.34%BSV$187.54-0.77%XLM$0.13+2.41%TRX$0.04+12.96%ADA$0.09+6.65%XMR$93.42+1.35%DASH$164.24-0.11%IOT$0.49-1.47%ATOM$5.82-2.58%ETC$9.13+5.69%XTZ$1.49-0.2%NEO$13.86+0.11%XEM$0.09-0.06%ONT$1.51+0.5%
GET IT WITH BCH
Wallet and Card App Crypto.com Adds Bitcoin Cash Support
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by Avi Mizrahi

3 days ago

Wallet and Card App Crypto.com Adds Bitcoin Cash Support

Prepaid, debit and credit cards backed by digital assets are a great way to spend your coins, given that it will take time for retailers to transition to accepting direct cryptocurrency payments. One such card, offered by Crypto.com, has just opened up to bitcoin cash users.

Also Read: How to Easily Convert Funds From BTC to BCH

Crypto.com Adds Bitcoin Cash Support
Hong Kong headquartered payments and cryptocurrency platform Crypto.com announced on Wednesday May 29 that it has added support for bitcoin cash (BCH) to its wallet and card app. This means that users can now buy BCH from the service with credit card and bank transfer both available for funding.

The company explained that, as it also offers the MCO Visa card, this move adds additional utility to BCH as users can now easily convert digital funds into fiat currencies and spend them at over 40 million merchants supporting the network around the world.

Wallet and Card App Crypto.com Adds Bitcoin Cash Support

Bitcoin cash is the 21st digital asset to be added to the platform, joining other popular cryptocurrencies and stablecoins such as BTC, ETH, LTC, XRP, TUSD, and PAX, as well as the company’s own MCO and CRO tokens. Kris Marszalek, CEO of Crypto.com said: “We’re committed to providing complete selection of all major digital assets and empowering our customers to purchase it at true cost without fees or markups.”




Wallet and Card App Crypto.com Adds Bitcoin Cash Support


Wallet and Card App Crypto.com Adds Bitcoin Cash Support

Prepaid, debit and credit cards backed by digital assets are a great way to spend your coins, given that it will take time for retailers to transition to accepting direct cryptocurrency payments. One such card, offered by Crypto.com, has just opened up to bitcoin cash users.




Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time


Plea Bargain Means Silk Road 2 Admin Will Likely See No Prison Time

Following the sentencing of Thomas White, the founder of the Silk Road 2 (SR2) marketplace during the first week of April, another SR2 administrator may evade prosecution. According to reports, SR2 admin Blake Benthall cooperated with global law enforcement and may only face fines for avoiding taxes. The news of the two SR2 admins’ sentences further aggrieved Ross Ulbricht’s family who believe there’s a disparity between their son’s double life sentence and others who have seen minimal charges.

Also read: Silk Road 2 Founder Finally Sentenced 5 Years After His Arrest

SR2 Admin ‘Defcon’ Gets a Slap on the Wrist — No Jail and Tax Fines
Ross Ulbricht has been in jail for years, having been sentenced to double life in prison with no chance of parole for his role with the original Silk Road (SR) marketplace. After the underground market was shut down, a slew of other darknet marketplaces (DNM) appeared and picked up where the first SR left off. One of these markets was Silk Road 2 and the founder even called himself the Dread Pirate Roberts 2. The DNM was eventually taken down by law enforcement and a few vendors and admins were arrested during the investigation.

Thomas White (DPR2) and Blake Benthall (Defcon) were both arrested but they both were also let out on bail since their initial arrests. White was recently sentenced to five years in prison but spent the last few years living normally and even using the name ‘The Cthulhu’ online to comment on tech articles that dealt with subjects like privacy and Tor. No one really knew what happened to Benthall and it seemed he escaped the punishment of the court system.
However, according to a document obtained by Motherboard, Benthall worked with law enforcement and will likely get off with no prison time. “If the defendant fully complies with the understandings specified in this agreement, he will not be further prosecuted criminally by this Office for any crimes, except for criminal tax violations,” the document from the Assistant United States Attorney details. The record also states that if Benthall cooperates “no testimony or other information given by him will be used against him in any criminal tax prosecution.” Basically Benthall will be required to pay the taxes he did not pay throughout 2013 and 2014 to the U.S. Internal Revenue Service, but otherwise he will remain a free man.




Blucon Launches BCH Transportation Card


PR: Blucon Launches BCH Transportation Card

Blucon is excited to announce the launch of their transportation card that supports BCH. The system will work by integrating with the EXO-Platform. This allows instant conversion of cryptocurrency into spendable cash. Blucon has leveraged on its existing business relationships between cryptocurrency exchanges and legacy banking institutions to launch this product. Excitement is also building, as Blucon’s listing on Digifinex is set for the 27th of May.

Blucon’s Digifinex listing means that the EXO-Platform will be integrated into an exchange, so Blucon users will be able to instantly convert cryptocurrencies held in their exchange wall




China releases new crypto ranking


China Releases New Crypto Rankings

China’s Center for Information and Industry Development has released its latest rankings of 35 crypto projects that were evaluated over the past two months. While several top positions remain unchanged, Bitcoin has climbed up the overall ranking.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

New Rankings From China
The Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, released the 12th update of its crypto project rankings Thursday. The number of projects evaluated was unchanged from the previous rankings published in March. The center also announced that starting this month the rankings will be adjusted every two months instead of monthly.

In addition to the overall ranking, the CCID published three others based on basic technology, applicability, and creativity sub-categories. EOS tops the list overall, followed by Tron, and Ethereum. The center started ranking Tron in February, debuting at number two overall and has remained at that position ever since. BTC now ranks 12th, up three places from the 15th place in the previous ranking. BCH has also improved, currently occupying the 29th spot overall, up from the 31st place previously.




G20 countries


G20 Countries Start Implementing Unified Crypto Standards

As the G20 summit approaches, member countries have been discussing how to implement the standards set by intergovernmental organizations such as the Financial Action Task Force. While there may be some challenges in complying with the standards, the European Central Bank says the risks crypto assets pose to the euro area’s financial stability are manageable.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

G20 Implementing Global Standards
The G20 countries have reaffirmed their support for the Financial Action Task Force (FATF) as the global standard-setting body in areas such as anti-money laundering. They have also agreed to follow the FATF recommendations including those concerning crypto assets.

The FATF held its annual Private Sector Consultative Forum in Austria earlier this month with its members and over 300 representatives from the private sector participating. Members of the FATF are 36 countries and two international organizations including the European Commission. The FATF explained: