Decentralised Capital has become the first company in Australia to launch a so-called cryptocurrency vault for long-term cold storage. This would be the first ever cold storage vault of its kind to store digital assets in the nation.

The service will be provided by the blockchain assets and Investment Company Decentralised Capital, in partnership with the provider of vault and safety deposit boxes Custodian Vaults.

The move to create the vault is geared to facilitate Australia’s growing crypto industry, providing a much-needed solution for those who are in desperate need of digital currency storage.

According to Stephen Moss, founder, and director of Decentralised Capital, the new crypto vault is expected to take advantage of Australia‘s growing market for digital currency storage solutions, and it is a sign that bitcoin is a bona fide long-term asset.

Moss further stated;

“This is a solution for the next phase of the industry and it gives real security […] You can’t hack your way into the safe […] In my opinion bitcoin will not be remembered as the bubble, but the pin,“ Moss said. „While the short-term future of bitcoin may be debatable, the blockchain and its benefits are not.”

The issue of security has been at the forefront of the industry following numerous cyber attacks. It has

Read More: https://news.bitzamp.com/australias-first-cryptocurrency-vault-to-be-launched/

Cryptocurrency exchanges are for all intents and purposes, the backbone of the cryptocurrency market. They are online platform that allows customers to trade cryptocurrencies or digital currencies for another (or for fiat currency).

Every tradable asset needs a market where it can be traded and that is what these exchanges do. Within the crypto world, there are basically two types of exchange platform, centralized and decentralized.

Almost 90% of the total numbers of cryptocurrencies exchanges which exist are centralized in nature and the rest being decentralized. Centralized cryptocurrency exchanges are online platforms used to buy and sell cryptocurrencies. They are the most common means that investors use to buy and sell cryptocurrency holdings.

A decentralized cryptocurrency exchange is one in which the architecture of the platform has no central controlling server. That is to say, users transact directly with their peers without the need for a central server.

While in centralized exchange, funds are controlled by the centralized exchanged service. That is to say, funds are solely in the hands of the centralized platform service.

Centralized Exchange vs Decentralized Exchange

In a recent interview with Ethereum’s co-founder Vitalik Buterin, he criticized centralized exchanges, saying that he hopes they “burn in hell”.

Read More: https://news.bitzamp.com/war-between-centralized-and-decentralized-exchanges/

Another BitLicense application has been approved. The Department of Financial Services (DFS) based in New York granted a license to cryptocurrency exchange Bitpay on Monday.

BitPay is a global bitcoin payment service provider headquartered in Atlanta, Georgia. It provides bitcoin and Bitcoin Cash payment processing services for merchants and is one of the largest bitcoin payment processors.
The license was granted after a review of the company’s anti-money laundering, anti-fraud, cybersecurity and consumer protection policies.

The move will allow BitPay to offer clearing and settlement services to merchants who will accept or issue payment in Bitcoin. And also it will allow BitPay to do business with customers and companies based in the state.

CEO of BitPay, Stephen Pair stated:

Read More: https://news.bitzamp.com/new-york-department-of-financial-services-awards-bitlicense-to-crypto-exchange-bitpay/

Following the announcement of Coinbase intentions to pursue Stellar Lumens and to look into making this coin a part of its fiat-to-crypto portfolio. This has both given XLM added validity in the crypto community and knocked its biggest competitor, XRP, a couple of notches down.


Stellar Lumens is currently the 7th largest coin with a total market value over $4B and average daily trading volume about $50 million and is trading at $0.219 according to coinmarketcap.com.

With the announcement of Coinbase pursuing Stellar Lumens and Cardano’s ADA, the void for a high supply, low priced cryptocurrency will have been filled ahead of a potential XRP listing.

Stellar Network recently announced their collaboration with one of the world’s most popular money transferring companies called Tempo.

The two entities will be working together to create a new cryptocurrency payment network. Tempo wants to establish itself as the leader in this upcoming industry and a partnership with Stellar will definitely help.

XLM will be used as the base currency for its payment network, which will be able to process 600,000 transactions for a fee as low as $0.01.

President of Tempo, Jeff Phaneuf said:

Read More: https://news.bitzamp.com/stellar-lumens-xlm-price-surge-following-coinbase-listing-and-tempo-partnership/

Due to a series of ‘credible death threats’ on John McAfee’s life, he was asked not to attend the Blockchain World Conference being held today in Atlantic City.

McAfee, a technology expert who has been focusing much of his recent efforts on cryptocurrency, has said before that he was concerned about his assassination attempts.

According to statements posted on Twitter, McAfee was scheduled to speak in-person at the Blockchain World Conference this morning but was asked by the event organizers to appear via live stream in an undisclosed location instead due to concerns over the safety of attendees.


The conference, taking place today in Atlantic City, New Jersey, bills itself as the world’s first “truly global event,” and had booked McAfee as the keynote speaker.

Read More: https://news.bitzamp.com/death-threats-on-john-mcafee-forced-him-to-cancel-conference-appearance/

Monaco, a payment and cryptocurrency platform has rebranded to Crypto.com and announced its new cryptocurrency enabled MCO Visa card at TechCrunch.

In an interview with CNN money, at TechCrunch conference in Zug, Kris Marszalek, CEO, and co-founder of Crypto.com discussed his company’s new MCO Visa card that allows users to spend their cryptocurrency at over 40 million locations.

According to Marszalek, the new card had just been used to buy two coffees while holding up the signature obsidian black elite card. Explaining that by downloading their app which contains a wallet for both crypto and fiat currency users will be able to use the cards anywhere Visa is accepted.

The cards come in ice white available to those who purchase 5,000 MCO tokens or the elite, obsidian black for 50,000 MCO. The standard cards will provide benefits as well, such as; cash back rewards, referral bonuses, and airport lounge privileges.

Crypto.com is also introducing an exclusive cryptocurrency concierge service, MCO Private. This will be offered to high-net-worth clients in the crypto space, offering both specialized services and access.

According to Marszalek, with the MCO Visa card, they are not only bringing utility to holders of cryptocurrency but also providing a gateway for those interested in but as yet hesitant to get into space because of its technical aspects or volatile nature.

In relation to the purchase of the name and the rebranding of the company Masrszeleck said;

Read More: https://news.bitzamp.com/crypto-com-drops-its-new-cryptocurrency-enabled-mco-visa-card-at-techcrunch/

On Wednesday, one of Australia’s leading bookmaker magnates, Tom Waterhouse, took to Twitter to reveal that a “well-known crypto expert” has placed a bet on Bitcoin surpassing the price of one share in Warren Buffett’s conglomerate company.

Although Bitcoins market price has been anything but inspiring of late, as it lingers at 70% below its all-time high, Australian Bull still believes enough to put it up against Warren Buffets Berkshire Hathaway.

The $AU8.5 million (~$US6.3 million) bet stipulates that the price of bitcoin must exceed the price of a Berkshire Hathaway share (c.$280k) by 2023.”
Should the unidentified crypto expert win the bet at the terms stipulated in Waterhouse’s tweet, they would stand to win $1.2 billion Australian dollars (~$US884.7 million).


Whatever reasons the secretive “crypto expert” has for taking this flyer, he’s not the first to make a potentially painful wager on the future of Bitcoin. Arthur Hayes, CEO at crypto exchange BitMEX, believes the coin is just one positive regulatory decision away from climbing to $20,000 or even $50,000 by the end of the year.

In a recent interview with CNBC, he said that an ETF approval from the U.S. Securities and Exchanges Commission could probably boost prices.

Also, former cybersecurity entrepreneur and crypto personality John Macfee put his manhood on the line when he publicly announced that if Bitcoin doesn’t reach $500,000 by 2020 he would eat his own penis live on TV.

Read More: https://news.bitzamp.com/crypto-expert-bets-8-5m-on-bitcoin-to-surpass-warren-buffetts-in-2023/

Yes and it would be easier for customers to manage their cryptocurrency