The Raven's Dispatch

The Raven’s Dispatch – Elon Musk hackers strike again – Dec 4, 2018

No Elon is not giving away Bitcoin, but he is getting high

Elon Musk high

“psssst hey man, Elon musk here. You want some free bitcoin..No? How bout some Ethereum, I got the good stuff..none of that ETC crap. All you gotta do is send is send me BTC and I’ll send you back more”…….

You gotta hand it to hackers, they are creative. According to reports, hackers involved in the Elon Musk crypto scam have made a comeback. This time, however, they are using spoof version of popular websites. This is a well planned and executed attack so be sure you are on the look out. And if Donald Trump reaches out to you offering Bitcoin, cordially tell him to eff off.

The overall cryptocurrency market only lightly power bombed us dropping from $131bln to $125bln representing a single digit drop of 5% in the past week. Look at what we’ve come to my friends, finding relief in single digit drops. /sigh

Livecoinwatch
Livecoinwatch.com

For a more detailed price analysis check out our weekly piece Cryptocurrency markets weekly analysis.

WHAT’S NEW AT CRYPTO IS COMING

When to Buy Bitcoin: A Guide to Stacking Satoshis – When it comes to investing in Bitcoin, there are a couple of popular strategies to follow. In the end, you may find that a combination works best for you.

Leading Indian Business School Uses Blockchain For Certificates – A leading Indian business school has issued over 1,000 certificates to students using blockchain technology. The certificates are live on the Ethereum blockchain, for authentication for prospective employers or other organizations.

Elon Musk Hackers Are Back With A Different Scam Strategy – Hackers are using spoof version of popular websites to show pop up ads that are claiming to give free Bitcoin and Ethereum.

Ohio Loves Bitcoin And Blockchain – Startup invests millions into blockchain – Ohio startup accelerators seek to attract blockchain companies by offering millions in funds, hoping that it will revitalize neighborhoods that need it the most.

Interview With Cryptocurrency Analyst Murad Mahmudov – To get a unique, expert insight into the current state of the cryptocurrency space, CryptoIsComing spoke to Princeton graduate Murad Mahmudov, a cryptocurrency analyst, economist, and angel investor working in crypto.

ICO Venture, Evion, shut down by Swiss Court – The cantonal court of Zug Switzerland has shut down cryptocurrency mining firm Envion AG for an allegedly floating an unauthorized Initial Coin Offering (ICO).

Andreessen Horowitz-backed Harbor Launches Tokenized Securities Platform With $20M Sale – Recently, Harbor, a blockchain startup focused on tokenizing securities, such as real estate, fine art or private equity, launched its initial offering – the sale of a $20 million students dorm near the University of South Carolina.

Hardware Wallet Review: Trezor Model T vs Nano Ledger S – You really can’t be too careful when it comes to storing cryptocurrencies. One of the main ideas behind the crypto movement is individual financial freedom and responsibility. Of course, freedom and responsibility are a two-way street, aren’t they?

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

Bitcoin is down more than 80% from last year’s high, nearing its worst-ever bear market – O’ Rly? The last time we had a crypto winter like this? 2010.

Nasdaq Plans to Pursue Bitcoin Futures Despite Plunging Prices, Sources Say – Nasdaq Inc. is moving ahead with a plan to list Bitcoin futures, according to two people familiar with the matter, betting on sustained interest despite the cryptocurrency’s dramatic plunge over the past year.

Behind Coinbase’s quiet roll-out of OTC crypto trading this month – Bet ya didn’t see that coming. Me neither.

Crypto Exchange Giant Binance Creates Combined Stablecoin Market – Binance, which is the top exchange by volume – doing nearly twice the 24-hour volume of its nearest competitor at time of writing – has announced that it is creating a new unified stablecoin market.

SEC Fines Floyd Mayweather And DJ Khaled For Illegally Promoting A Fraudulent ICO – The SEC has fined two celebrities for failing to disclose payments they received for promoting initial coin offerings (ICOs).

American Tech Giant Intel Files New Patent for Energy-Efficient Bitcoin Mining – U.S. technology giant Intel has filed a new patent for “energy-efficient high-performance Bitcoin mining,” according to a U.S. Patent and Trademark Office (USPTO) filing published Nov. 27.

r/Bitcoin reaches 1 million subscribers on Reddit – Now if only we could get 5,000 newsletter subscribers…mmmmmmm

rBitcoin 1mil

Homeland Security Wants to Track Your Privacy Coins – The effing feds. Am i rite? The U.S. Department of Homeland Security wants to know whether there is a way to track privacy coins that could be used for criminal activity.

Binance’s future plan: Binance Chain that hosts millions token creation – Binance’s CEO, Chang Peng Zhao, or more familiar as CZ revealed his company future plans to support the development of blockchain technology.

Thanks for joining us this week! If you have something interesting you would like to submit reach out to us at info@cryptoiscoming.com. And don’t forget, Crypto is Coming!

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Coinbase secures $300 million in Series E to accelerate cryptocurrency adoption

In a recent blog post, the digital assets exchange Coinbase announced that they are now with a valuation of over $8 billion after closing a Series E funding round of $300 million. The company intends to leverage these investments to “accelerate the adoption of cryptocurrencies and digital assets”.

The completion of this round takes the total invested amount in Coinbase to $525 million. In the publication, Asiff Hirji, President and COO of Coinbase, revealed that the Series E round was led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, and Andreessen Horowitz, among others.

Coinbase to support thousands of new coins in the future

According to the company’s COO, the company sees “hundreds of cryptocurrencies that could be added to our[Coinbase] platform today”. To make it easier to list new digital assets in the future, the firm will be laying down the groundwork to support thousands of them in the future.

In July this year, Coinbase announced in another blog post that they are exploring several different cryptocurrencies — Cardano, Basic Attention Token, Stellar Lumens, Zcash, and 0x. More recently, on the 25th of September, they announced a new asset listing process that would make it possible for any project to apply.

Embracing global expansion

In September this year, the company announced in a publication that UK citizens would be able to purchase cryptocurrency with GBP on Coinbase, Coinbase Pro and Coinbase Prime. It is unsurprising that they will be building the infrastructure to support multiple currencies soon.

Bringin institutional funds to the market

By adding more features and assets to their Custody offerings, Coinbase believes to be able to bring more institutions to the cryptocurrency market. On October 23, 2018, Coinbase Custody obtained a license under the New York State Banking Law to operate as an independent Qualified Custodian. The firm provides enterprise-grade security for large digital assets storage.

‘Utility applications’ for cryptocurrencies

In October, Coinbase and Circle announced the launch of a new stablecoin — the USDC. One USDC represents 1 US$ on the Ethereum blockchain. US citizens can buy and sell USDC on Coinbase, while others around the world can only send and receive. The company plans to expand to more geographies soon.

Remember folks, Crypto is coming!

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Interested in other cool crypto content? Check out What is Ethereum’s Casper update? and Game Changer: Binance and LCX Crypto Exchange Joint Venture.

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Coinbase Denies Allegations Of Market Manipulation

The New York Office of the Attorney General, or OAG, has recently released a report claiming that several prominent cryptocurrency exchanges are highly vulnerable to coercion and market manipulation.

The report has drawn a lot of media attention, as well as backlash from key players within the industry, most notably Coinbase. According to the OAG, Coinbase, and several other popular trading platforms have been trading for their own benefit, rather than the benefit of their customers.

Coinbase Retaliates Against The OAG’s Claims

Last Thursday, September 13th, 2018, Mike Lempres, Coinbases, chief policy officer, released a blog post refuting the OAG’s claims, saying that the report has falsely accused Coinbase of manipulating the market, leading to the defamation of the company’s name in the eyes of the media.

According to the report released by the OAG, “Coinbase disclosed that almost 20 percent of executed volume on its platform was attributable to its own trading.”  Lempres responded to the allegations by stating that “When Coinbase executes these trades, it does so on behalf of Coinbase Consumer customers, not itself.”

The OAG’s Allegations

According to the report made by the OAG, “Coinbase disclosed that almost 20 percent of executed volume on its platform was attributable to its own trading.”

On the other hand, Lempres explained that this figure only represents the trade volume on Coinbase Consumer, and not any form of insider trading, as was claimed by the OAG’s report.

Coinbase Consumer is a service that executes orders made by its customers on through Coinbase’s exchange platform. And, according to Lempres, this is exactly where the OAG has made their mistake.

Elsewhere, other key industry players such as the founder of Kraken, Jesse Powell, and Erik Voorhees of Shapeshift, have been voicing their outrage about the OAG’s unfounded claims.

In the past, both Powell and Voorhees, have not been quiet about such defamatory allegations, and claim that the report is nothing but an abuse of the OAG’s authoritarian power. According to them, such allegations as those in the OAG’s report are one of the major problems that have been stifling the growth of the blockchain industry in New York City.

Echoing this sentiment, Powell recently released a Tweet saying: “NY is that abusive, controlling ex you broke up with 3 years ago but they keep stalking you, throwing shade on your new relationships, unable to accept that you have happily moved on and are better off without them. #getoverit,”

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The Raven’s Dispatch – August 7, 2018 – Thieves Steal Over $5 Million BTC by Hijacking SIM Cards

It seems like every week someone elses crypto gets stolen

Once again hackers find creative to hack up to $5 million from unsuspecting people. 40 people to be exact. And the cheeky hacker even had the stones to hack phones at Consensus. This hacker is my kind of scum. This is the first known form of this hacking, known as Sim Hacking, in order to steal crypto currency. What is Sim Swapping? A mobile phone SIM card stores user data in Global System for Mobile phones. Without a SIM card, GSM phones aren’t able to tap into any mobile network. The hacker will trick the mobile network service and have them transfer mobile phone numbers of targets onto a SIM card which is held by the criminal.

One the number has bene obtained the hacker has access to reset any passwords on the phone and gain access to online accounts or cryptocurrency exchanges. And voila, stolen crypto. Joel Ortiz, the antagonist of our story, even stole millions from Consensus in may of this year. Joel was captured trying to escape to Europe and now faces 28 charges. The full Motherboard piece is worth the read. Be safe out there familia. Now it’s time to engage the Dispatch! (better intro?…I didn’t think so).

Contrary to what many in the community thought, 2018 is not our year. But there are still four months left right? Plenty of time for a turn around. The overall cryptocurrency market kicked us in the gut the past week moving from $271bln to $232bln representing a 15% decline since the last Dispatch. And like lemmings the top five also went over the cliff.

Bitcoin (BTC): It get this acute sensation week to week, as I put this thang together, that i’ve seen this story before. Bitcoin dropped 14% the past week suffering a steep decline Tuesday evening. As of this post BTC is settling (we hope) at $6500 .

Ethereum (ETH): I’m gonna make this short, because I think we all know what’s coming: 13% decline, dropping from $423 to $369. We all feel the pain.

Promether (PYRO): Founded in August 2017, Promether is a new type of network called an Adaptive Symbiotic Network (ASN). It works on three principles: network, application and users. The outcome is simple, providing security to everyone. The foundation of this network is based on AI with the use of ubiquitous computing.

That’s quite the mouthful, and pretty ambitious. But in this hyperconnected world security should be everyones primary concern. The list of features is long but one recuriing theme sticks out throught the whitepaper: security, encryption,

Promether is currently holding a private sale which closes upon raising $7 million. Currently in its second phase, it has already raised millions by offering it’s native coin (PYRO) and bonuses to early investors. Promether plans to have a public ICO in the near future once its minimum viable product, Contact, is ready for launch.

If you want to know more about Promether check out our guide.

WHAT’S NEW AT CRYPTO IS COMING

BTC vs. BCH: Let’s get ready to rumble– We take a look at the advantages and disadvantages of each coin, examine the value proposition, branding and level of decentralization in this piece.

What is Promether? – We take a look into this project aiming to provide us better security and anonimity on the internets. With all the hacking and loss of personal data it’s time we have take a different look at security.

LATOKEN’s CEO Believes Tokenized Assets are The Future – The young multi-asset exchange has announced Bitcoin deposits and withdrawals are now enabled. Given the fact the Japanese Yen is the second most traded fiat currency with Bitcoin, the company hopes this move will accelerate that market’s penetration.

Exclusive: ABCC Exchange is Launching Its App This Week – The Singaporean exchange has recently issued its ABCC Token (AT), and it’s now getting ready to launch its smartphone app. I spent some time playing with the test app, and I can say I was pleasantly surprised.

Bitcoin: Uncorrelated assets, the “holy grail” of portfolio allocation – When it comes to investments of any kind, it’s important to understand how the assets in question are related to others on the market. Bitcoin offers traders a lifeboat when things turn rough by being uncorrelated to the stock market

Bank in Myanmar To Integrate Blockchain For Its Migrants in Thailand – Myanmar’s Shwe Urban & Rural Development Bank has partnered with Everex, a financial technology (fintech) company to develop a blockchain-based digital remittance service between Thailand and Myanmar.

Is Ethereum Classic About To Make Its Move? – With a clear roadmap and team, deep pocket investors and strong support in Asia, is Barry Silberts long on ETC about to pay off?

– A lot of commotion this morning in the crypto streets. First news broke that New York Stock Exchange’s parent company ICE will launch new futures contract that delivers real bitcoin.  It also seems Coinmarketcap got a little too excited by this and began displaying prices over 10x! At this point, we’re not sure if this is related to a hack on their site or their price providers.

Top 15 upcoming ICOs (August 2018)  – Another great infographic from @ico_analytics showcasing some of the highest rated upcoming ICOS based off reviewers data points. Check it out!

Exclusive: LATOKEN’s CEO Isn’t Scared of His Bigger Competitors – In an exclusive interview for Crypto is Coming, Valentin Preobrazhenskiy, LATOKEN’s founder and CEO, talked about how the exchange came to be, his thoughts on its competitors, and its future goal.

India Doubles Down on Blockchain-Powered Hubs With Its New Initiative – The country has made clear it is ready to embrace blockchain, and it isn’t afraid to show it. Officials have recently announced India will be developing a ‘blockchain district’ in the Indian state of Hyderabad.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

SEC Postpones Decision on Bitcoin ETF Listing to September – Ahhhhh, a life line. Or is it? The U.S. Securities and Exchange Commission has postponed a decision on whether to allow the listing of an exchange-traded fund backed by Bitcoin.

Duo Security researchers’ Twitter ‘bot or not’ study unearths crypto botnet – A team of researchers at Duo Security has unearthed a sophisticated botnet operating on Twitter — and being used to spread a cryptocurrency scam…..TIf you use twitter for anything crype related then you’ve seen the ETH bots. This is so anticlimactic.

Goldman Sachs Is Planning a Crypto Custody Service – Goldman Sachs Group Inc. could offer a boost for the burgeoning universe of funds betting on cryptocurrencies.

Bitmain Confirms New Crypto Mining Facility in Texas – Chinese mining giant Bitmain confirmed that it is set to open a new cryptocurrency mining facility in Rockdale, Texas, USA.

Money or Assets? How World Governments Define Cryptocurrencies – Cryptocurrencies — what are they? Money? Commodities? Securities? Utility tokens? Or something else? Few national governments seem to be in any kind of agreement on this question, and for now, at least, their divisions have given such currencies as Bitcoin and Ethereum a floating, indeterminate status on the global stage.

Coinbase Custody is Exploring the Addition of 37 New Assets – San Francisco-based exchange and wallet service Coinbase announced today, Aug. 3 that it is exploring the addition of 40 new assets to its custodial service, Coinbase Custody.

The NYSE’s Owner Wants to Bring Bitcoin to Your 401(k). Are Crypto Credit Cards Next? – Backed by Microsoft and Starbucks, Intercontinental Exchange is launching a startup called Bakkt to make the cryptocurrency safe for your retirement fund, and maybe for retail, too.

Mt Gox Creditors Prepare Revised Claims for Bitcoin Repayments Plan – In 2014, Mt Gox exchange handled an estimated 70% of the total Bitcoin supply until a security breach led to the loss and/or theft of approximately 850,000 BTC, worth $450 million at the time and billions today.

Six Reasons Why Institutional Investors Could Flock to Crypto in 2019 – A dude at Forbes who look pretty intelligent lays it down for us, guys.

Binance Makes First Public Aquisition: Anonymous Wallet for Ethereum Tokens – Binance, the world’s largest cryptocurrency exchange by volume, has officially made its very first public acquisition: Trust Wallet – an anonymous mobile storage solution for Ethereum-based tokens.

US Treasury Dept. Fintech Innovation Report Touches on Crypto, Blockchain – A major new report from the U.S. Treasury Department published July 31 has called for a more agile and conducive regulatory approach to innovations in the fintech sector.

Thank you for joining us for this weeks The Raven’s Dispatch! Don’t forget to sign up for our newsletter so you can receive notifications via email that a new Dispatch was released! Also if you have any interesting news you would like to submit contact us at info@cryptoiscoming.com

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The Raven’s Dispatch – July 31, 2018 – Winklevoss Bitcoin ETF Petition Rejected by SEC

Winklevoss Bitcoin ETF Petition Rejected by SEC – Crypto world curses the suits

You might be asking, “What’s all this ‘ETF’ business about and why is it so important”? Well you’re in luck because we posted a full article last week on how ‘Bitcoin ETF Approval Could Be Huge For Crypto‘.Tl;DR Exchange Traded Funds could be a HUGE deal for Bitcoin and cryptocurrency in general if and when they get approved.

But what is an ETF, exactly? Well an ETF is defined as a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. This means that the fund can be traded like a common stock and the ETF also experiences price changes throughout the day as they are bought and sold. Nifty, and a great investment vehicle for the masses. Unfortunately the door was slammed shut by some dudes wearing suits at the SEC. On to The Dispatch!

The overall cryptocurrency market had steady decline in the past week moving from $292bln to $286bln representing a 2% decline since the last Dispatch. As you can see below, the pretenders suffered most from BTCs decline.

Livecoinwatch.com

Bitcoin (BTC): BTC had a chaotic week shaking out the weak and timid (hahaha thats me) surging to $8k then dropping to $7,800 before finally settling on $8,000.  Week to week that represents a near 0% change. Never a dull week in the crypto world, huh fam?

Ethereum (ETH): Was holding on until today when it suffered a daily drop of 5% adding to it’s weekly loss of 7%.  ETH has struggled to return to the $500 mark over the past month, and we don’t expect that to change all too soon. ETH is currently sitting at $436 as of this post.

OMISEGo (OMG): OMG is the token attributed to the OmiseGO platform, an offshoot of the well-established Omise e-commerce payment company based in Thailand.

Omise is kind of like the PayPal of SE Asia. The company acts as a payment gateway allowing people to transfer money to third party bank accounts, and the underlying service is simply value exchange. That’s a lot of features including a decentralized exchange, a white label SDK (software developer kit for making apps), and a clearinghouse technology product..to name a few.  It’s a promising project with strong fundamentals.

As you can see in the graph below OMG had it’s parabolic phase at the start of 2018 but has slowly retraced to December 2017 support. OMG reached an ATH of $24.71 in January and is now finding support at $6.81.  That’s a 75% retrace! Hope you didn’t buy the top.

If you want to know more about OmiseGo check out our guide!

WHAT’S NEW AT CRYPTO IS COMING

SEC Commissioner protests SEC’s rejection of Winklevoss Bitcoin ETF – The Winklevoss Bitcoin ETF was rejected….again.

Lightning Network: How far away is it? – We’ve talked about the Lightning network before, but now we are seeing significant progress into the second layer scaling solution made by Lightning Labs  that we had to revisit it.

Lisk Invests $1 Million in Lisk-Focused Blockchain Incubator – In an effort led by Lisk’s community members, the first-ever Lisk-based blockchain incubator, Elite Center, was announced in China earlier this month.

The Ox Ecosystem Visualized – The 0x protocol is a favorite DApp for many cryptocurrency enthusiasts. Decentralized exchanges have the potential to fundamentally change how people interact with market places and drastically minimize counter-party risk. the 0x protocol is being used for much more than decentralized exchanges (DEXs) and has the potential to impact a wide variety of industries.

Millennials will love Cryptocurrencies – Really interesting presentation from Fundstrat on the economics of Cryptocurrencies. Millennials will lead the way. Millennials constitute people that are born between 1981 and 2000. That’s 96 million people, the largest generation in history, dwarfing baby boomers (80 million) and GenX (65.8 million).

Cryptocurrency App Checklist for 2018: Take your Game to the Next Level – In this cryptocurrency app roundup, we take you on a journey through the information platforms keeping traders, enthusiasts, developers, speculators and casual observers alike clued into the world of virtual currencies.

Exclusive: IOST Opens Up About Its Recently Launched Referral Program – A week ago IOST launched what’s been called ‘the largest referral program in the history of cryptocurrencies.’ Some Reddit users have claimed the company is making a play for increased market share and visibility, in a similar manner to what Tron did not so long ago.

Ernst and Young Acquires Crypto Asset Accounting Tool – Ernst & Young has recently acquired a number of technological assets and their respective patents from Elevated Consciousness Inc., a startup actively working on developing new solutions for the crypto asset industry.

Institutions Are Coming! But What Does It Mean? – Institutional money coming to crypto has become almost a kind of prayer, touted by Twitter influencers and news outlets alike. Make no mistake – all the signs point to a major influx of institutional investment in the crypto space, with CBOE applying for ETF approval and Goldman Sachs greenlighting Bitcoin futures.

Top DAPPs by users and volume – One of the major innovations that blockchain technology has brought to the table, besides the public ledger and cryptocurrency, is the creation of Decentralized Applications (DAPPs).

You Can Now Become a Citizen of Antigua and Barbuda Using Cryptocurrencies – The Caribbean Islands have taken another step to embrace cryptocurrencies. The government now accepts cryptocurrency payments for its citizenship program.

Beginner’s Guide to Robinhood App – Today we gonna look at this app in detail to know what the noise is all about

Cops Arrest Hacker for stealing $5 million worth of Crypto! – A few weeks ago California police arrested a 20 year old college student for stealing over $5 million worth of cryptocurrencies.

CRYPTOCURRENCY NEWS FROM AROUND THE INTERNET

Coinbase announces a new deal to let you pay for your Uber with crypto – Coinbase has today revealed a new partnership that will allow you to pay for physical goods and services from your favourite retailers with cryptocurrencies.

Canadian Bitcoin ATM Company Hits $2M in Daily Volume – Vancouver-based Bitcoin ATM software provider Netcoins has today announced its daily transactional revenue across Canada, Europe and Australia has reached $2M USD (approximately $2.6M CAD) in a single day.

Binance Will Face Tough Competition in South Korea in New Market Expansion – Binance, the world’s largest cryptocurrency exchange, is planning an expansion into South Korea, the third biggest cryptocurrency market behind Japan and the US.

Ethereum Founder Vitalik Buterin: There Is Too Much Emphasis on Bitcoin ETFs – What does Vitalik know about Finance? Pfff.

BITCOIN WILL REPLACE GOLD AND SOAR IN PRICE TO $700,000, SAYS MAJOR INVESTOR – All caps babay, for emphasis. Bitcoin is better than gold “on every front” and could eventually be worth around $700,000, according to an institutional investor. says John Pfeffer. Preach John, PREACH!

Crowd Psychology Driving BTC Prices, Finance Experts Say – According to a survey conducted among finance professionals, ‘crowd psychology’ is the main factor determining the movements of bitcoin market prices.

AMD Sees Q2 Drop in GPU Sales to Crypto Miners – Chip maker Advanced Micro Devices (AMD) said Wednesday that sales of graphics cards (GPUs) to cryptocurrency miners fell during the second quarter.

Telegram Reveals Personal ID Verification Tool for Sharing Data with ‘Finance, ICOs’ – The crypto and blockchain industry’s go-to encrypted messenger app Telegram has released a personal identification authorization tool, according to an official statement published July 26.

New Gallup Poll Shows Only 2% Of US Investors Own Bitcoin, But 26% Are “Intrigued” – The results of a Wells Fargo/Gallup poll published July 27 finds that only two percent of U.S. investors own Bitcoin, but 26 percent are intrigued by it.

Google bans cryptocurrency mining apps from the Play Store – Google has updated its Play Store developer policies to ban several more categories of apps, including cryptocurrency mining ones and apps with disruptive ads, as reported by Android Police.

Coinbase now offering cryptocurrency gift cards for easier real-world spending – Major bitcoin exchange Coinbase launched a feature yesterday that lets its European customers buy virtual gift cards with cryptocurrency.

Thank you for joining us for this weeks The Raven’s Dispatch! Don’t forget to sign up for our newsletter so you can receive notifications via email that a new Dispatch was released! Also if you have any interesting news you would like to submit contact us at info@cryptoiscoming.com

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