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Thursday, 20 September

00:34

Bitcoin Hasnt Funded any Terror Attacks in Europe, Europol Report Reveals News CCN

Bitcoin and similar digital assets were not used to fund any of the recent terror attacks in Europe, finds a Europol report that paints a clear picture of the contribution of cryptocurrencies to online crime. The 72-page long study [PDF], titled Intenet Organized Threat Assessment 2018, thoroughly touches upon the various modules of online crime,

The post Bitcoin Hasnt Funded any Terror Attacks in Europe, Europol Report Reveals appeared first on CCN

00:30

PWC Executive: Blockchain And Token Asset Phenomena Still Raging NewsBTC

A representative from PricewaterhouseCoopers blockchain branch recently declared that demand for token assets and enterprise-level solutions is still raging, but there is still a way to go on the regulatory and trust fronts.

Enterprise-Level Blockchain Solutions And Token Assets Are Still A Hot-Topic

Bloomberg has tackled the crypto industry head-on yet again, calling upon Grainne Mcnamara, the lead of PricewaterhouseCoopers blockchain division, to discuss how this fledgling market is faring in spite of troubled cryptocurrency prices.

Keeping in line with Mondays crypto-related interview, in which the CEO of an ICO-focused startup claimed that the token offering model is still effective, the Bloomberg host questioned Mcnamara on how PricewaterhouseCoopers (PWC)  blockchain consulting service has been performing. Surprisingly enough, the PWC executive explained that there is still demand for her employers services, noting:

So we sort-of divide the world into what is distributed ledger technology and enterprise application of blockchain technology and what is happening in the cryptocurrency markets, so they are a little bit distinct The demand for blockchain advisory services is still really, really, really strong, in a sense that it started in financial services because the idea was to take cost out, so there was a potential for a disruptive effect on that sector. But its actually every sector that we deal with that interested in this technology.

The lead of PWC Blockchain went on to explain that not only are enterprise applications of blockchain technology still a popular subject, but the creation, issuance, and distribution of token assets (security tokens) as well. Mcnamara elaborated, stating:

Of course, we saw a run-up in excitement in crypto at the end of last year, with the release of the futures and so-on, so-forth. [But] were still seeing tremendous excitement from issuers of potential token assets that could appear on these networks [and] we are still seeing a lot of demand from people [who are trying to figure out] the method in which they could bring digital assets to the market how would I list them, where would I list them, whats the appropriate market infrastructure to connect to.

In short, Mcnamara is explaining that the phenomena of the token asset economy is still raging, in spite of the violent market correction and contrary to popular belief...

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Wednesday, 19 September

23:59

US Banking Giant PNC Becomes Latest to Adopt Ripple's xCurrent CoinDesk

PNC Bank's Treasury Management division is to begin accepting cross-border transactions using Ripple's xCurrent product.

23:50

Not High-Performance: Tradeshift CEO Prudent on Blockchain Supply Chain Potential Cointelegraph.com News

Tradeshift CEO thinks supply chains cannot benefit from at-scale blockchain deployment in the technologys current state

23:49

Cryptocurrency Exchange OKCoin Expands U.S. Offerings with Five New Coins Bitcoin Magazine

Cryptocurrency Exchange OKCoin Expands U.S. Offerings with Five New Coins

Following a successful launch in California only a few months ago, the U.S. branch of cryptocurrency exchange OKCoin is adding five new coins to its listings. Those coins include Ripple (XRP), Cardano (ADA), Stellar lumens (XLM), Zcash (ZEC) and 0x (ZRX).

OKCoin made the announcement today, September 19, 2018. The new coins will be paired with the U.S. dollar, bitcoin and ether, the native cryptocurrency of the Ethereum platform. Trading against fiat pairs will be available to California residents only, while crypto-to-crypto pairs will be available in California along with 20 other states across the U.S.

We are very pleased to welcome these five new cryptocurrencies and all of the communities that trade them, said Tim Byun, OKCoin USA CEO, in a statement. He added that OKCoin is committed to only bringing in tokens that offer utility, value and demonstrable use cases.

The moves comes at a time when the exchange is aggressively growing its business in the U.S. OKCoin originally set up shop in Mountain View in November 2017. In June 2018, the company relocated to San Francisco, and the following month, it officially announced its presence in the U.S. when it began offering trading between the U.S. dollar and several major cryptocurrencies. Just a week ago, after getting the green light from U.S. and state regulators, OKCoin opened up crypto-to-crypto trading in numerous other states.

The exchange itself has a long history. One of the oldest crypto exchanges, OKCoin was originally launched in China in 2013. At the time, China was considered the worlds hub for bitcoin trading, and OKCoin became one of the three biggest exchanges in the country, alongside Huobi and BTCC.

OKCoin originally focused on bitcoin-to-yuan trades. To attract a crowd of more professional traders, the following year, the company launched OKEx, which offered hundreds of token-to-token trading pairs. The setup is similar to how Coinbase, a popular cryptocurrency exchange in the U.S., operates Coinbase Pro (formerly GDAX).

Chinas cryptocurrency trading business took a hit when the Chinese central bank began regulating bitcoin starting in December 2013. In September 2017, the Peoples Bank of China lowered the final curtain when it issued an all-out crypto trading ban in the co...

23:40

20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself News CCN

When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on

The post 20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself appeared first on CCN

23:30

Binance and Bithumb Announce New Crypto Listings, Prices React NewsBTC

Bithumb and Binance have announced listings of new coins, with Bithumb stating that Waves (WAVES) and ChainLink (LINK) will be joining its ranks, while Binance is adding BNB trading pair for TRON (TRX).

Bithumb Adds Two New Coins

Cryptos getting listed on new exchanges is always big news for both the coins and the exchanges as well. The coins get more exposure, activity, and trust from careful investors, while the exchanges get more traffic and customers willing to work on their platforms.

The recent Twitter announcement by Bithumb has certainly shaken up the crypto world after the exchange stated that it will be adding two new projects. The cryptos in question are Waves (WAVES) and ChainLink (LINK), both of which are scheduled to go live on the exchange today.

According to the announcement, both cryptos will be up and running by 6:30 PM [KST]. Additionally, both of these projects are quite promising, and their addition to Bithumb will be an excellent move for the exchange as well. Not to mention that the coins are likely to get much more attention now that they are entering the exchange with over $400 million in volume per 24 hours, on average.

The results of the listing are already apparent, and both projects are benefiting greatly even now. WAVES went up by 11.5% after the announcement and is currently valued at $2.21, while LINK climbed up by 15% with a price of $0.321 at the time of writing. How much will the coins actually benefit from the listing is anyones guess at this point, but the fact remains that this is an extremely positive development in an otherwise bearish crypto market.

Binance Lets You Buy TRX with BNB

The positive news continues with Binances new announcement...

23:25

Binance Reveals Plan to Launch Crypto Exchanges on Almost Every Continent CoinDesk

Binance CEO and founder Zhao Changpeng announced an ambitious plan to build 5-10 fiat-to-crypto exchanges in the next year.

23:25

Major Banks, Industry Players to Launch Blockchain-Based Commodities Platform Cointelegraph.com News

Major global banks and industry players have launched a joint Swiss-based venture that will oversee a new blockchain-based platform for financing commodity trading

23:00

Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain Cointelegraph.com News

British port operator Associated British Ports to test blockchain as a solution for faster and more secure shipments

22:55

8 Surprising Findings from New Yorks Virtual Markets Integrity Initiative Bitcoin News

8 Surprising Findings from New Yorks Virtual Markets Integrity Initiative

A lot of cryptocurrency traders are sick of hearing about manipulation. They just want to buy and sell bitcoin in peace, without Twitter accounts such as Bitfinexed banging on about unnatural market movements. It was thus with some dismay that New Yorks Virtual Markets Integrity Initiative was greeted. The report, which dropped yesterday, predictably contains allegations of market manipulation. But it also contains some fascinating ancillary insights.

Also read: US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case

New Yorks Fact-Finding Mission Throws Up Some Surprises

In April 2018, the New York State Office of the Attorney General (OAG) sent an extraordinarily detailed questionnaire to every cryptocurrency exchange that traded in the state. Some platforms, such as Kraken, rebuffed it, rightly interpreting the initiative as a fishing exercise designed to further regulate an already tightly regulated industry. Other exchanges, such as Coinbase, predictably bent over backwards to dot every i and cross every t.

22:53

McCabe and Strzok Caught Destroying Evidence @ FBI, 2378 "IndyWatch Feed Economics"

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22:48

Sessions Wont Prosecute Hes Too Close to Hillary, 2377 "IndyWatch Feed Economics"

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22:46

US Regulator Acts Against Crypto Firm Falsely Claiming to Represent Coinbase, Cointelegraph Cointelegraph.com News

The Texas Securities Commission has issued an emergency cease and desist order against a Russian crypto firm that misappropriated Coinbase and Cointelegraph materials

22:44

Biggest Abuse of Power in U.S. History, 2376 "IndyWatch Feed Economics"

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22:36

Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator News CCN

The regulatory chief of Abu Dhabis international financial center and free zone has called for tighter regulations for cryptocurrency trading and ICOs while recognizing the growing global industry. Nearly a year after issuing its guidelines for cryptocurrencies and initial coin offerings (ICOs), effectively regulating the industry, the Financial Services Regulatory Authority (FSRA) is sharing its

The post Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator appeared first on CCN

22:30

Three Fundamental Reasons the 20% Spike in XRP Prices is no Bluff NewsBTC

56 minutes. Thats the time it took for XRP price to surge 20 percent inevitably causing a frenzy. Though there has been particular news about a Coinbase listing for example, historically, rumors of Coinbase listings trigger swings. Decisive conclusions from the US Securities and Exchange Commission (SEC) or a confirmed launch of xRapid also played a part resulting in an injection of the much-needed capital yanking XRP prices from bear grasp.

At the time of press, XRP which has cemented itself as the third most valuable cryptocurrency in the world, is trading above 30 cents after surging 20 percent yesterday. At that market price, its market capitalization expanded by $1 billion and currently trading with a $13.2 billion market cap. By all accounts, these sharp spikes are nothing new in the crypto space and conjures memories of Q3 and 4 of 2017 where it was typical for digital assets to add 30 percent on average every trading day.

While this overly impressive more so for investors who have had to contend with sharp declines in their portfolio, yesterdays rise has attracted doubt with some commentators claiming that this expansion isnt supported by strong fundamentals. Conversely, some are dismissive and optimistic that the market is finally bottoming out. Nevertheless, these are three reasons why XRP investors should remain ecstatic going forward:

Expected Launch of xRapid

Though XRP and Ripple are two distinct entities, the latters products relies of the RTXP ledger and XRP for perfect functionality. By definition, xRapid which is still in testing and scarce of development information, is a payment processing solution that makes use of XRP. In this arrangement, XRP acts as a liquidity tool needed for instantaneous cross border settlement which in turn reduces the cost of operation and latency. On Sep 17, Sagar Sarbhai, the head of Regulatory Relations at Ripple said in an interview with CNBC that the company was planning to launch xRapid in the next month or so. While i...

22:00

R3's Hearn and Brown Say Enterprise Blockchain's Day of Reckoning Is Here CoinDesk

Bitcoin apostate Mike Hearn and his R3 colleague Richard Gendal Brown view the enterprise blockchain game as, if not quite zero-sum, something close.

21:56

Canaan AvalonMiner A921 Bitcoin ASIC Miner Specifications Crypto Mining Blog

The Canaan Creative has posted official specifications of their new AvalonMiner A921 Bitcoin ASIC miner and the device should apparently soon be available for order, though no prices have been announced for the moment. We were kind of expecting the new 7nn-based Avalon A9 ASICs to be able to deliver 30 THS with about 1700W of power usage as per earlier information available, but apparently this will not be true for the first model A921, though it can happen in a later revision of the A9 series. Instead the AvalonMiner A921 will be a 20 THS SHA256 ASIC miner with 1700 Watts of power usage apparently

Canaan AvalonMiner A921 Specifications:
Hash Rate: 20 TH/s, -5% ~ +10%
Power Consumption: 1700 W, +0% ~ +20%
Power Efficiency: 0.085 J/GigaHash Wall-Plug
ASIC Chips: 104x A3206 7nm
Operating Temperature: -5 ~ 30 degrees Celsius
Dimensions: 378 x 170 x 155 mm
Net Weight: 5.5 KG

The A921 specifications might come as a bit of a disappointment for a new 7nm chips, but we are more than likely going to be seeing an improvement in next models from the A9 series and hopefully they will soon be able to soon reach 30 THS at the same power usage that the A921 has. Of course pricing of the devices is also a very important factor, especially in the current market conditions you really need to offer not only good specs, but also an attractive price. Compared to these specs, the just announced 14nm BitFury Clarke ASIC chips do look more interesting, though these are not very likely to be soon available in consumer level Bitcoin miners.

21:51

Singapores Crypto Market Blooms as Koreas Largest Exchange Moves In News CCN

Dunamu, the parent company of South Koreas largest crypto exchange Upbit, has officially announced the launch of Upbit Singapore, which will be fully operational by October. Upbit Singapore CEO Alex Kim explained in an official statement that local users in Singapore will be able to trade all of the cryptocurrencies integrated by partner exchange Bittrex

The post Singapores Crypto Market Blooms as Koreas Largest Exchange Moves In appeared first on CCN

21:43

Singapore: Central Bank Refutes Fake Articles Claiming its Chairman Invested $1 Bln in BTC Cointelegraph.com News

Fake news hoaxes claiming Singapores central bank chairman invested $1 billion in BTC draws formal response the bank

21:30

UK Treasury Committee: Cryptocurrencies Are Crypto-Assets and Should be Regulated NewsBTC

That crypto investors are exposed to a litany of risks in a largely unregulated and developing sphere is true. It is along the same line of consumer protection that the UKs Treasury Committee is rallying from calling for immediate regulation of the sphere by the Financial Conduct Authority, the countrys markets watch dog.

At the moment, the FCA has no powers to execute decisively on matters stemming from crypto token issuance or trading. Nonetheless, they have been actively facilitating safe trading of these assets. Recently, as reported by NewsBTC, the regulator issued CoinBase UK with the first e-money license effectively allowing them to dispense better services for their customers while at the same time adhering to laid out operational standards just like any other regulated financial entity within the UK.

Surprisingly, the UK isnt the only jurisdiction facing challenges on better understanding cryptocurrencies. Approach from governments vary from outright excitement, indifference and suspicion with the majority banning exchanges and cryptocurrencies altogether.

Investor Protection is Priority

Needless to say, members of the Treasury Committee are worried that investor protection shouldnt be taken lightly. This is so because there were no clear routes of consumer redress or compensation. Most notably though is the committee emphasis that the boom and bust within the crypto space proliferated by initial coin offerings is a risk for consumer investors. This has been worsened by inaction from governments as regulators bubble with definitions.

While expressing his dissatisfaction, BBC quoted Treasury Committee chair Nick Morgan saying:

Its unsustainable for the government and regulators to bumble along issuing feeble warnings to potential investors, yet refrain from acting. At a minimum, regulation should address consumer protection and anti-money-laundering.

UKs Crypto Regulatory Status

Its understandable that the committee have their reservation on cryptocurrencies. Though they are not a risk to the economy as Mark Carney earlier stated, the fact that the market is shaky and characterized by wild swings. Overly, this is undesirable for novice investors attracted by the profit clout thanks to last years price explosions. The markets hav...

21:00

Bitcoin Price Lacks Direction After Defense of $6,200 CoinDesk

Bitcoin has again entered range-bound trading following a defense of $6,200 yesterday.

20:58

Ripple Rises Again in 10% Jump , Bitcoin Volumes up 26% to $4 Billion News CCN

Cardano (ADA) and Ripple (XRP) have surged by more than 10 percent in the past 24 hours while Bitcoin maintained stability, leading the recovery of the crypto market. Earlier this week, the valuation of the crypto market dropped to $190 billion, which led investors to worry about a potential fall to the markets yearly low

The post Ripple Rises Again in 10% Jump , Bitcoin Volumes up 26% to $4 Billion appeared first on CCN

20:55

PBOC Provides Update on Its Crypto Prevention Efforts Bitcoin News

PBOC Provides Update on Its Crypto Prevention Efforts

The Peoples Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Servicing Domestic Users From Overseas

PBOC Provides Update on Its Crypto Prevention EffortsThe Shanghai Head Office of the Peoples Bank of China provided an update on the banks risk prevention measures for cryptocurrencies and initial coin offerings (ICOs) on Tuesday, Sept. 18.

...

20:30

New York Attorney General: Crypto Exchanges Subject to Market Manipulation NewsBTC

In a recent statement, New York Attorney General claimed that crypto exchanges are unsafe for business, as they are at risk of market manipulation. The report came as an attempt of US regulators to increase crypto market oversight.

Crypto Exchanges Remain Unsafe?

Making a crypto investment is a risky business as it is. The market remains highly volatile, while the number of scams and hacks is constantly on the rise. Now, according to a new report from the New York Attorney Generals office, even the exchanges themselves might put investors at risk.

The reasons for concern are many in the crypto world, but the would-be investors were at least capable of trusting in exchanges to keep them and their money safe. Now, it turns out that that might have been a mistake. The new report claims that the crypto market is vulnerable to manipulation and that its users dont even have basic protection provided.

After a detailed look at up to 13 exchanges operating in New York, the office of NY AG attempted to determine how well-protected are the customers of these exchanges. The results were not that good according to reports. The report claims that exchanges have failed to register under federal or state securities or commodities laws. Additionally, they also failed to implement common security standards, market surveillance protocols, internal controls, or other types of protection of their customers.

Obviously, this puts the exchanges customers at serious risks, which are pretty varied.

Investors at Risk of Not Having Buyers for Their Coins

The in-depth look into these exchanges started back in April of this year when the NY AG asked the 13 exchanges to provide information. Four of the 13 exchanges refused voluntary information disclosure under claims that they dont allow trading in the State of New York. Those include Gate.io, Binance Limited, Kraken, and Huobi Global Limited.

The NY AG office ended up referring three of these four platforms Binance, Kraken, and Gate.io to the State Department of Financial Services in New York, under suspicion of unlawful operations within the state.

20:02

Don't Blame Bitcoin Futures for Bear Market, CME Exec Says CoinDesk

Tim McCourt, managing director of CME Group, has said that bitcoin futures are not to be blamed for the slump in the crypto market this year.

20:00

Bitcoin Still in the Middle of a Bear Market: Analyst News CCN

Veteran Bitcoin analyst Willy Woo insists that bitcoin is still in the middle of a bearish trend. This contradicts the opinions of some experts who believe that the sell-off period has already come to an end, therefore expecting a bull ride to kick in. Market Behaviour and Speculators Since January 2018, bitcoin and the cryptocurrency

The post Bitcoin Still in the Middle of a Bear Market: Analyst appeared first on CCN

19:51

Upbit Crypto Exchange Operator to Open Singapore-Based Crypto Exchange Next Month Cointelegraph.com News

Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange in early October

19:45

Cryptocurrency Market Update: Ripples xRapid Sends XRP 20% Higher NewsBTC

FOMO Moments

Markets have recovered slightly; XRP, Cardano, Tron and Chainlink on a roll.

Crypto markets have recovered slightly following yesterdays ten billion dollar dump. Total capitalization has inched slowly back towards $200 billion and is about to break it. One big pump yesterday added $8 billion back into the markets.

Bitcoin is up marginally today, around 1.2% to $6,370. BTC is facing resistance at the $6,400 level and needs to break through this to see further gains. Ethereum has been much more volatile and has bounced back 5.5% over the past 24 hours to trade at just over $210.

Nearly all of the altcoins dumped yesterday but most of them are recovering again today. Looking at the top ten XRP is surging ahead with a 20% pump on the day to trade at $0.328. Ripples native token has almost regained all losses over the past month in this one spurt. The announcement that Ripple Labs would be launching its xRapid liquidity platform as early as next month has set the fomo in motion as traders jump on XRP once again. Market cap for the worlds third most popular cryptocurrency has surged back over $13 billion as volume has jumped from $250 million to $700 million.

Other altcoins doing well in the top ten at the moment include Cardano up 13.5% to $0.072 which has pushed it back above Monero into ninth spot. Stellar hasnt done badly today with a 5% gain on the day and the rest are up 2-4 percent.

In the top twenty Tron is leading with a 7% gain following Binance announcing the TRX/BNB trading pair. Dash, Tezos and Nem are all up 4-5 percent on the day and Iota is the only coin in the red dropping back a percent.

Chainlink is getting the biggest pump of 22% in the top one hundred as it has just been listed on Bithumb. Ardor, Maker and Dragonchain are all up 11-13 percent on the day. Topping the red list is Aurora dumping 25% followed by FunFair and Steem both losing 6%.

Total crypto market capitalization has climbed just over 3% on the day to $198 billion. It briefly surpassed the $200 billion mark a few hours ago but has fallen back slightly. Since last Wednesdays 2018 low of $186 billion markets have regained 6.5% to their current levels.

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post...

18:55

The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub Bitcoin News

The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub to Catch Up

Following a decision to recognize mining as an industry, the Islamic Republic of Iran is about to legalize the import of mining equipment. Also in The Daily, an executive at a leading Spanish bank insists cryptocurrencies are perfect and must be understood; trying to better understand the crypto space, Cyprus has set up a fintech innovation hub; and in Zimbabwe, the new finance minister is pushing the countrys central bank in a similar direction, calling on the RBZ to create a crypto unit.

Also read: Ethfinex Gets DEX, Cloudflare Goes Interplanetary

Iran to Legalize the Import of Mining Equipment, Considers Exchange

The Daily: Iran to Allow Mining Hardware Imports, Cyprus Creates Fintech Hub to Catch UpJust two weeks after Iranian authorities announced a decision to...

18:48

Bitcoin Price Watch: BTC/USD Facing Crucial Resistances NewsBTC

Key Points

  • Bitcoin price started an upside move after trading as low as $6,202 against the US Dollar.
  • There was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move higher, but it is facing many hurdles near $6,390 and $6,400.

Bitcoin price recovered nicely from the $6,200 support against the US Dollar. BTC/USD is now above $6,300, but it could struggle near the $6,370, $6,390 and $6,400 levels.

Bitcoin Price Analysis

After trading as low as $6,202, bitcoin price found strong bids against the US Dollar. The BTC/USD pair started an upside move and climbed above a few key resistances like $6,280 and $6,300. The price cleared the 23.6% Fib retracement level of the last slide from the $6,530 swing high to $6,202 low. It opened the doors for more gains and the price spiked towards the $6,390 and $6,400 resistances.

There was a test of the 50% Fib retracement level of the last slide from the $6,530 swing high to $6,202 low. BTC buyers failed to clear the $6,390 and $6,400 resistances. However, there was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair. If the recent upside break is true, there could be more gains towards the $6,400 and $6,410 levels. The 100 hourly simple moving average is positioned near the $6,410 level to act as a resistance. Therefore, a proper close above the $6,400 resistance and the 100 hourly SMA is needed for more upsides.

Bitcoin Price Analysis BTC USD

Looking at the chart, bitcoin is slowly losing momentum below $6,400. If there is a downside correction, the $6,300 support could act as a buy zone in the near term.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is mostly neutral in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI is presently well above the 50 level.

Major Support Level $6,300

Major Resistance Level $6,410

The post Bitcoin Pric...

18:38

Enough Feeble Warnings, Regulate Wild West Crypto Market: UK Lawmakers News CCN

British lawmakers called for the regulation of the domestic cryptocurrency market which they claimed to be the Wild West, whilst insisting rules could help the UK become a global centre for crypto-assets. In a report published by the British Parliaments Treasury Committee on Wednesday, lawmakers claimed investors are afforded very little protection from a number

The post Enough Feeble Warnings, Regulate Wild West Crypto Market: UK Lawmakers appeared first on CCN

18:30

Lynked.World Announces Strategic Partnerships With Four Major Organizations in India NewsBTC

Lynked.World, the blockchain-based technology that allows users to irrefutably verify their personal, educational, and professional backgrounds, has just announced that four elite organizations in India will join dozens of other government and educational intuitions in that country who have adopted the platform. Metal Scrap Trade Corporation Limited (MTSC) and its e-RAKAM portal, along with Coal India Limited (CIL), and The West Bengal Forest Corporation Limited (WBFDCL), have all joined the legions of other national organizations that have adopted the innovative platform in order to deliver administrative services to their constituents more readily and easily. Lynked.World is a Dutch-based company that offers a blockchain ID verification solution for everyday citizens, employers, higher education administrators, and governments.

MTSC, which is a Miniratna-I company under the Ministry of Steel of the Government of India, will integrate the platform in two key sectors. First, the e-RAKAM portal, which is a joint initiative of MSTC and the Central Warehousing Corporation (CRWC), aims to eliminate intermediaries from the farming and agricultural sector by connecting small, local farmers with international markets. MSTC has developed a unique ecosystem that brings aggregators, logistics providers, and warehousing companies under one umbrella for commercial activities involving the sale of agricultural and forest produce to PAN India buyers through its e-commerce portal. It will use the Lynked.World platform to issue digital ID cards and its e-agri passbook for farmers who participate in the program. The MSTC is a 50-year-old state-owned company that engages in domestic and international trading activity. Its e-auction portal will also implement Lynked.Worlds multisig contract feature.

Coal India Limited (CIL), a state-owned undertaking, is the largest coal producing company in the world and a Maharatna Company. It is also Indias second largest government sector employer with more than 300,000 employees and one of the top 20 companies in India by market capitalization (> US$ 20 billion). CIL plans to use the Lynked.World platform to issue blockchain-based digital ID cards to all its employees and vendors.

Meanwhile, the West Bengal Forest Corporation Limited (WBFDCL) is a West Bengal undertaking that promotes manmade forest management and fragile ecosystem conservation. The organization says they will adopt Lynked.Worlds solution to manage their ecotourism hotel and guesthouse services at their 18 resorts found at various locations across the state. By using the app, WBFDCL will be able to offer a configurable form feature for guest check-in. They will also implement the platforms staff digital ID and attendance system. Part of the organizations operations is to develop and promote sustainable wood-based industries, and WBFDCL will use Lynked.World for e-auctioning dry timber.

Ar...

18:00

Chinese Investment Group to Raise Funds for Japanese Stable Coin NewsBTC

Grandshores Technology Group, a Hong Kong-based public blockchain investment company, is planning to raise $12.7 million through a digital token fund in an effort to finance a yen-backed cryptocurrency project.

More Stable Coins Into The Crypto Pot

Grandshores Technology was initially a contracting company that pivoted to the blockchain industry after being acquired by SHIS, a corporation owned by Singapore-based investor, Yongjie Yao, who is also in charge of the Xiongan Global Blockchain Innovation Fund.

Yao made his name in the technology industry through being a founding partner of the 10 billion-yuan Hangzhou Grandshores Fund, backed by both the Hangzhou government and famed Bitcoin investor, Li Xiaolai.

In order to gain funding, the company will be tapping qualified investors located outside of China to raise funds denominated in Tether, which is backed by USD. The funds will be used to help launch a Japanese yen-backed stable coin, which will operate similarly to Tether.

While speaking about Grandshores new investment, Yao explained that the blockchain industry is on track to disrupt the current financial system, and that there is a significant amount of potential for many small and undervalued projects.

Yao said that:

Blockchain will become the mainstream technology in the next three to five years. We are entering the next stage of blockchain evolution, a stage which is akin to when computer operating system was transiting from MS-DOS [disk operating system] to MS-Windows.

Yao also said that the fund is currently working with a mid-tier Japanese bank in order to provide the means for a yen-backed stable coin. He also expressed immense confidence in the demand for a yen-backed stable coin, mentioning that the fund wants to also launch stable coins denominated in the Hong Kong dollar and the Australian dollar.

The Rise of the Stable Coin

Stable coins have been surging in popularity, especially ones denominated in the US dollar, due to the perceived issues surrounding Tether, which is currently the most popular stable coin worldwide.

Unlike their highly volatile counterparts, stable coins offer a refuge for cryptocurrency investors, and are popularly utilized by cryptocurre...

18:00

Swiss Crypto Startup Eidoo Announces Token Tied to the Price of Gold CoinDesk

Eidoo, the multicurrency crypto wallet and decentralized exchange, has announced a new token that's redeemable for actual gold.

17:58

Singapore Central Bank Flags Website Promoting Bitcoin Scam News CCN

The Monetary Authority of Singapore (MAS), the countrys central bank, has issued a statement warning people about a website soliciting bitcoin investments that is using comments falsely attributed to Tharman Shanmugaratnam, the MAS chairman and Deputy Prime Minister. The statements attributed to Tharman on the website are misleading and false, MAS noted, except for his

The post Singapore Central Bank Flags Website Promoting Bitcoin Scam appeared first on CCN

17:26

WildRig Multi 0.11.6 Beta is Becoming Even More Useful Multi-algorithm Miner Crypto Mining Blog

Do note that the WildRig Multi currently supports only AMD GPUs with the newer RX series and VEGA supported out of the box and a separate download of binary kernels needed for older R9 series Fiji, Hawaii and Tonga. Unlike its predecessor the WildRig Multi miner does not support Nvidia GPUs, it will only work on AMD-based mining rigs. The WildRig Multi 0.11.6 Beta is currently only available for Windows, Ubuntu Linux and HiveOS as a closed source binary and with a 2% developer fee built-in by default, though it can be reduced.

To download and try the WildRig Multi 0.11.6 Beta multi-algorithm miner for Windows/Linux

16:40

US Exchange Takes a Step Toward Crypto: Nasdaq Bids for Cinnober Bitcoin News

$10 Trillion US Exchange Takes a Step Toward Crypto: Nasdaq Bids for Cinnober

News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange technology company Cinnober. Nasdaq made an USD 190m all cash recommended public offer to the company, which it terms a major financial technology provider to brokers, exchanges and clearing houses worldwide. It could also be a significant first step for Nasdaq into the world of crypto. 

Also read: Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders

Nasdaq to Acquire Crypto-Friendly Swedish Stock Exchange Software Developer Cinnober

Adena Friedman, President and CEO, Nasdaq explained, The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.

From Stockholm, Sweden this week came a public announcement Nasdaq had made a $190 million offer to gobble up Swedish crypto-friendly stock exchange software provider Cinnober. The acquisition would strengthen its position as one of the worlds leading market infrastructure technology providers, Nasdaq claimed.

...

16:36

Not Guilty: Accused Silk Road Lieutenant Gary Davis Pleads Innocence News CCN

Gary Davis, charged with assisting Ross Ulbricht in running a drug trade worth more than $200 million on the Silk Road drug marketplace, has pleaded not guilty in a New York court to charges of conspiracy to distribute narcotics, computer hacking, and money laundering, according to The Times. Davis, who was extradited from Ireland stand trial in

The post Not Guilty: Accused Silk Road Lieutenant Gary Davis Pleads Innocence appeared first on CCN

16:00

Ethereum Price Analysis: ETH/USD Consolidating Above $200 NewsBTC

Key Highlights

  • ETH price recovered nicely and moved above the $210 level against the US Dollar.
  • There is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must break the $216 and $220 resistance levels to move further higher in the near term.

Ethereum price is mostly consolidating against the US Dollar and bitcoin. ETH/USD is likely to decline a few points towards $205 before moving higher.

Ethereum Price Support

After a major downside correction towards the $190 level, ETH price found support against the US Dollar. The ETH/USD pair traded as low as $192 and later started an upward move. It jumped sharply above the $195 and $200 resistance levels. There was also a break above the 50% Fib retracement level of the recent decline from the $228 high to $192 swing low.

The price also settled above the $205 level and the 100 hourly simple moving average. However, the upside move was capped by the $214-215 zone. The 61.8% Fib retracement level of the recent decline from the $228 high to $192 swing low also acted as a hurdle. Moreover, there is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD. The pair needs to break the trend line and the $218 level to trade further higher. The current price action indicates that the price could correct a few points lower before it could rise back above $216.

Ethereum Price Analysis ETH USD

Looking at the chart, ETH price may dip a few points towards the $206 and $205 support levels. Below these, the price could even test the $200 zone before it crawls back above the $216 level. Above $216, the price may perhaps break $220 for more upsides.

Hourly MACD The MACD is placed slightly in the bullish zone.

Hourly RSI The RSI is currently positioned nicely above the 50 level.

Major Support Level $205

Major Resistance Level $216

The post Ethereum Price Analysis: ETH/USD Consolidating Above $200 appeared first on...

14:45

Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures CoinDesk

Don Wilson, founder of DRW, the Chicago-based high-speed trading firm, discusses his history with crypto assets and the trends he's seeing in Asia.

14:36

DLT in Migration Policy: How Blockchain Can Help Both Refugees and Host Nations Cointelegraph.com News

Blockchain can help refugees get more transparent and generous financial aid, preserve their documents and streamline application processes with no human mistakes involved

14:29

"Google's New Selfish Ledger Aims To Direct Human Evolution And Track Your Entire Life" "IndyWatch Feed World"

"Google's New Selfish Ledger Aims To Direct 
Human Evolution And Track Your Entire Life"
by Maria Freeman

"'The Selfish Ledger' is the title of a leaked Google video released earlier this year in May 2018. Now, a few months later, its worth taking a closer look at this apparently leaked vid. The title is quite innocuous and not so fitting, belying the creepy agenda of military fund-seeded Google to control and own you by taking over your data. This will be a digital, corporate-owned ledger. Google wants a complete ledger of your life a complete account using extensive data of all your actions, decisions, preferences, movements and relationships. It then wants to use pattern recognition and other tools with this data to direct your life. At first, this so-called Selfish Ledger will be user-driven, but the implication is that soon thereafter it will be driven by the ledger itself (i.e. AI) programmed with Googles values (whatever they are). The deeper meaning of the Selfish Ledger is shocking: Google freely admits that it is aiming for complete species-wide understanding with the Selfish Ledger, and thus to be able to direct human evolution.

What is the Selfish Ledger? As described in the video, the Selfish Ledger will be a complete record or account of who you are. The word ledger denotes accounting, numbers and (now) blockchain. Google is planning to pitch the idea to the public by presenting it as a selfish ledger that is all about you. They state in the video that initially the ledger would be user-driven. So, the user would select the volition of the ledger, e.g. input the goals or values, then allow the ledger to help him/her make better decisions to reach those goals. The video states people would initially use it in the areas of health or environmental impact, then...

14:28

German Finance Minister Doubts Crypto Can Currently Replace Traditional Currencies Cointelegraph.com News

The German Finance Minister doubts that crypto can currently replace traditional currencies and that they are not presently economically significant

14:08

Ripple Price Analysis: XRP/USD Primed for More Gains NewsBTC

Key Highlights

  • Ripple price made a sharp upside move and traded above the $0.3000 resistance against the US dollar.
  • There is a short term contracting triangle forming with resistance at $0.3260 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to make the next move above the $0.3250 and $0.3300 levels in the near term.

Ripple price is placed nicely in a bullish zone against the US Dollar and Bitcoin. XRP/USD is primed for more gains above the $0.3300 level if buyers remain in action.

Ripple Price Trend

After forming a low near the $0.2500 level, Ripple price surged higher against the US Dollar. The XRP/USD pair broke many resistances on the way up like $0.2800 and $0.3000. The best part was a close above the $0.3000 level and the 100 hourly simple moving average. Buyers were able to push the price above the $0.3200 and $0.3300 levels. A high was formed at $0.3350 before the price started a downside correction.

It corrected below the 23.6% fib retracement level of the last wave from the $0.2666 low to $0.3356 high. However, losses were limited as buyers appeared above the $0.3000 support zone. The price tested the $0.3100 level and later started trading in a range. More importantly, there is a short term contracting triangle forming with resistance at $0.3260 on the hourly chart of the XRP/USD pair. If there is a downside break below the $0.3100 level, the price may test the 50% fib retracement level of the last wave from the $0.2666 low to $0.3356 high. Conversely, an upside break above $0.3260 will most likely call for more gains.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is placed nicely above $0.3100 and it seems like it could soon move past $0.3300 in the near term.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD is slightly in the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is placed above the 60 level.

Major Support Level $0.3100

Major Resistance Level $0.3300

The post...

14:01

Bitcoin (BTC) Price Watch: New Bullish Channel Forming NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price is forming higher highs and higher lows inside an ascending trend channel on the 1-hour chart.
  • Price just bounced off the channel bottom and may be due for a test of the resistance at $6,600.
  • There are nearby inflection points at the mid-channel area of interest as technical indicators reflect a rally slowdown.

Bitcoin price is slowly trending higher in a short-term ascending channel, possibly setting its sights on the very top.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA for now, but a downward crossover seems to be brewing. If completed, this would signal that the path of least resistance is to the downside or that support is more likely to break than to hold.

If so, another selloff to the long-term lows around $5,800 or lower could be underway. These moving averages could also hold as dynamic resistance levels since they line up with the mid-channel area of interest at $6,450.

RSI is heading lower to show that bearish pressure is present. In that case, another dip to support might take place. Similarly, stochastic is also moving south so bitcoin price could still follow suit.

BTCUSD Chart from TradingView

BTCUSD Chart from TradingView

The mood in financial markets appears to have improved on account of lower-than-expected tariffs from China. After the US announced their set earlier on, many feared a huge retaliatory effort from Beijing, but the amount targeted was lower at $60 billion also at lower rates than what many feared.

Because of that, the pickup in risk-taking has lifted cryptocurrencies somewhat, allowing bitcoin price to keep its head above water despite more naysayers. Traders are still on edge ahead of the SEC decision on bitcoin ETF applications, worrying that another set of rejections could further delay institutional investments.

The post Bitcoin (BTC) Price Watch: New Bullish Channel Forming appeared first on NewsBTC.

14:00

UK Lawmakers Call For Greater Oversight of Crypto Industry CoinDesk

Citing market volatility and consumer risk, the U.K. Treasury Committee called for increased regulation of the cryptocurrency space in a new report.

13:50

Denmarks Largest Bank Took Two Years to Close Accounts of Blacklisted Russian Clients Bitcoin News

Denmarks Largest Bank Took Two Years to Close Accounts of Blacklisted Russian Clients

Denmarks largest bank, Danske Bank, reportedly knew that some of its Estonian branchs clients were on the Russian governments blacklist but did not close their accounts for two years. The bank is currently being probed by three countries over $150 billion money laundering allegations.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Danske Ok With Blacklisted Clients

Denmarks Largest Bank Took Two Years to Close Accounts of Blacklisted Russian ClientsDanske Bank is currently under investigation by authorities in three countries: the US, Denmark, and Estonia. Its officials reportedly knew earlier than p...

13:09

Reuters: Brazils Antitrust Agency Launches Probe Into Major Banks Regarding Crypto Trade Cointelegraph.com News

Brazils antitrust regulator has reportedly launched a probe into six major banks on allegations of monopolistic behavior in an attempt to corner the crypto market

13:06

Singapore Central Banker: No Crypto Tokens We've Seen Are Securities CoinDesk

Damien Pang, head of the Technology Infrastructure Office at Singapore's central bank talks about the authority's insight on DTL and digital tokens.

13:00

Nasdaq Makes Offer to Acquire Crypto-Friendly Fintech Startup NewsBTC

Major Wall Street mainstay Nasdaq is reportedly following the lead of its peers in seeking ways to slowly enter the cryptocurrency space, and has made an offer to acquire a crypto-friendly fintech startup based in Stockholm, Sweden.

Nasdaq Moves to Acquire Cinnober in $190 Million Deal

One of the worlds largest stock exchanges, Nasdaq, has announced that its made a public offer to Swedish fintech solutions firm Cinnober. Cinnober is a leading provider of exchange and real-time clearing technology, and their services include a high performance trading and post-trade solution for cryptocurrency exchanges.

Nasdaq will acquire Cinnober if the $190 million all-cash public offer is to be accepted by Cinnober shareholders. Nasdaq notes in a press release that it expects a 10% return on the invested capital within 3-5 years, assuring shareholders that the acquisition is in the companys best interests.

Nasdaq says that acquiring Cinnober would strengthen its position as one of the worlds leading market infrastructure technology providers.

Adena Friedman, President and CEO of Nasdaq said the combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.

Not only have the global capital markets continued to evolve rapidly, new marketplaces in various industries are demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments, Friedman added.

Cinnobers Board Urges Shareholders and Warrant Holders to Accept the Offer

Cinnobers Board of Directors has released a statement publicly recommending that the shareholders and warrant hold...

12:25

UK Treasury Committee Calls for End to Wild West Situation in Crypto Market Cointelegraph.com News

In order to protect investors, the U.K. Treasury Committee has called for the development of more defined cryptocurrency regulations

12:00

XRP Price Analysis: XRP Adds 20 Percent without CoinBase, SEC Support NewsBTC

The last week has been an eventful for XRP and Ripple the company. Straight from releasing an upgrade of their Ledger to Sargar hinting of xRapid launch in the next month or so, XRP bulls are on overdrive and up a massive 20 percent in the last day. Needless to say, it appears as if XRP prices are bottoming up thanks to yesterdays high volume rejection of 25 cents. If it stays as it is, then we might see gains above 40 cents confirming last weeks XRP price analysis.

XRP Latest NewsXRP Price Analysis

As it stands, pundits and critics alike are shifty on their position and if SEC follow through confirming that indeed XRP value and profit margins are dependent on the works of a third party, prices of XRP will surely tank. This declaration will simply mean XRP shall be under the oversight of the SEC and token holders have to register their holdings with the regulator for tax purposes.

Its along these lines that Ripple developers are now urging nodes to upgrade to XRP Ledger Version 1.1.0 by Sep 27, 2018. By introducing DepositPreAuth Amendment that is designed to work in tandem with DepositAuth Amendment, users can at anytime pre-approve incoming transactions and even whitelist addresses. Aside from this, the upgrade improves on contentions around fix 1515 while withdrawing support for the sign and sign for commands from Ripple APIs.

XRP Price Prediction

Weekly XRP Price Chart

XRP Price Analysis

...

11:42

Former Linkedin Data Executive Joins Coinbase as VP of Data Cointelegraph.com News

A former LinkedIn data expert has joined Coinbase as its VP of data, claiming that data organization is still a new concept for many companies

11:10

Fidelity Investments Aims to Release Crypto Products by Year End News CCN

Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity

The post Fidelity Investments Aims to Release Crypto Products by Year End appeared first on CCN

11:00

Gemalto to Test Digital ID Service Built on R3s Corda Blockchain Platform NewsBTC

Dutch digital security company Gemalto has launched a distributed approach to Digital ID management in the form of the Trust ID Network service, developed in partnership with leading distributed database technology firm R3.

Blockchain Identity Systems Solves Profound Weaknesses of Traditional, Siloed Identity Frameworks

Identity systems are one of the many use cases for blockchain technology.

A number of renowned technology companies are looking in that direction, including Microsoft, which may be building a decentralized identity system with the Bitcoin Lightning Network.

Microsofts project wants trust to be earned by individuals and built by the community, unlike traditional identity systems, which are mostly geared toward authentication and access management, according to Ankur Patel, principal program manager of Microsofts Identity Division.

Competition within the DID sphere will certainly be fierce as Gemalto is already presenting the service to its customers in over 180 countries, according to an announcement from the company. First, the company is inviting a number of stakeholders to participate in one of several Trust ID Network pilots that will launch later this year.

Users will be able to create and manage their own Self-Sovereign Digital ID to enroll with a host of different digital banking, eCommerce and eGovernment services, without having to go through repeated due diligence processes for each of them. The verified Digital IDs can be controlled via the mobile app ID Wallet.

The innovation may be of particular interest to financial institutions, which are pressured by tough KYC (Know Your Customer), data privacy and customer authentication procedures. Other targeted service providers include public services, mobile operators and airlines. The firm aims to correct the weaknesses of traditional identity systems, according to Bertrand Knopf, EVP Banking & Payment for Gemalto.

Trust ID Network solves the profound weaknesses of traditional, siloed identity frameworks: the clumsy user experience, rising costs and difficulties in complying with stricter regulations. Its the perfect illustration of Gemaltos ability to combine proven Digital Identity solutions and new technologies such as the blockchain. Financial institutions are best-placed to lead this self-sovereign identity revolution, but it will prove similarly attractive to a wide array of other service providers.

The company built its Trust ID Ne...

10:35

Less Than Two Months Away Bitcoin Cash Upgrade Discussion Heats Up Bitcoin News

Less Than Two Months Away - Bitcoin Cash Upgrade Discussion Heats Up

Over the past few weeks, Bitcoin Cash supporters have been debating the upcoming hard fork scheduled for November 15th of this year. Most of the community understands, that as of right now, there are two camps that have entirely different visions. It doesnt seem like a compromise is coming any time soon. Lately, as each day passes and as time draws closer to the upgrade, both disagreeing parties have been testing certain features and publishing various papers concerning the theoretical effects of specific upgrade additions.

Also Read: Free Keene Activists Launch Tip-Card Creator Called Cryptotip.org

The November 15th Upgrade Debate Continues

Right now is probably a pretty confusing time for a few people just learning about the disagreement taking place concerning the scheduled November 15, 2018, Bitcoin Cash network upgrade. Currently, there are two camps that disagree on which features will be added to the hard fork this November The Bitcoin ABC development team and the clients supporters, and the Nchain development team and the Bitcoin SV clients crew of proponents.

  • The Bitcoin ABC development team wants to add an opcode called OP_CHECKDATASIGVERIFY (DSV) that aims to improve BCH scripting, canonical transaction ordering (CTOR), and some minor technical fixes and improvements.
  • The Nchain team and its BCH full node client called Bitcoin SV wants an entirely different set of features. Bitcoin SVs upgrade list includes a 128MB block size increase, add the opcodes:  OP_MUL, OP_LSHIFT, OP_RSHIFT, OP_INVERT, and remove the limit of 201 opcodes per script.

...

10:35

Report: Majority of Circulating Bitcoins Stored in Investment Wallets Cointelegraph.com News

A recent report claims that a majority of circulating bitcoins are kept in investment wallets

10:17

Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation News CCN

According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the markets foundation, preparing

The post Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation appeared first on CCN

10:02

Litecoin, Monero, Cardano, Stellar Lumens, EOS Price Analysis: Are Altcoins Preparing for Q3-4 2017 Volatility? NewsBTC

Undoubtedly, altcoins are under immense pressure. Laying out this is the increase of Bitcoin dominance to over 55 percent showing investors shifting their capital from altcoins to Bitcoin. All in all, rousing developments in EOS, they are set to unveil new dApps, should prop prices while a damning analysis by Tushar Jain, the MD of Multicoin could trigger renewed criticism on Litecoin and Charlie Lee further damping prices.

Lets have a look at these charts:

EOS Price Analysis

Latest EOS News

  • According to reports from IMEOS, the CEO of EOSBrendan Blumer said Block One is set to unveil series of dApps shortly after the conclusion of Blockchain Live scheduled for Sep 26. During the Block One sponsored event, several high profile dApps with application in finance, music and transportation will be revealed to the public.
  • Bancor, the Ethereum based DEX that allows users to trade their ERC-20 tokens without exchanges, plans to port the same capabilities in EOS. The project, BancorX will also allow traders to exchange EOS with Ethereum tokens. Citing speeds and low cost in the EOSIO blockchain, BancorX will act as a cross chain liquidity pool whose smart contracts would be open source and available for testing in beta.

EOS Price Prediction

Often after periods of extreme volatility as we saw on Sep 17, prices tend to recoil, fading the break out direction before towing back in line just like what happened yesterday. As visible, prices are moving within tight ranges but most importantly, EOS is stable and up three percent but needless to say, our last sell break out is still valid.

It also means our previous EOS price analysis are now null as sellers set their eyes on breaching $4.5 and $4 in coming days. With this, we recommend exiting our previous EOS longs and trading along with the high volume bearish engulfing candlestick and that beckons taking shorts when there is a worthy sell signal preferably in lower time frames.

At the moment, we dont have such signals and therefore we recommend taking a neutral position until after there are strong losses below $4.5 and $4.

On the flip side, if buyers build on yesterdays gain edging prices above $5.5, then EOS might as well recover towards $7.

Lite...

09:23

Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report News CCN

New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the states Department of Financial Services (NYDFS) for potential violation of New Yorks virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of the

The post Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report appeared first on CCN

09:06

Cryptocurrency Exchanges Fall Short in Safeguarding Funds: Report Bitcoin Magazine

Crypto Exchanges Fall Short in Safeguarding Funds: Report

In April 2018, former New York Attorney General Eric Schneiderman sent off inquiries to more than a dozen cryptocurrencyexchanges to learn more about their internal operations. Now, after months of investigation, the New York Attorney Generals office has made its findings public.

A report titled Virtual Markets Integrity Initiative, released on Tuesday, September 18, 2018, confirms what many already know to be true: Many cryptocurrency exchanges do not have proper consumer protections in place and are often targets for market manipulation.

The questionnaire originally went out to 13 crypto exchanges. Ten voluntarily complied with the study, but four did not respond, arguing they did not serve customers in New York. But, after investigating three of those non-responders Kraken, Binance, and Gate.io the New York Attorney Generals office referred Binance, Gate.io, and Kraken to the Department of Financial Services for potential violation of New Yorks virtual currency regulations.

Kraken, the only one of the four based in the U.S., was the most vociferous in its refusal to respond to the inquiry, calling the initial request ill-prepared and an overly broad fishing expedition that asks questions irrelevant to the stated objective and misses obvious questions that actually would be helpful.

Report Highlights

The report highlights three broad areas of concern.

First, exchanges dabble in several lines of business that would normally be carefully monitored in a traditional trading environment. Platforms often simultaneously offer a venue of exchange, perform a role similar to broker-dealers, and act as money transmitters. At the same time, many also have their own large crypto holdings and even issue their own cryptocurrencies.

Each role has a markedly different set of incentives, introducing substantial potential for conflicts between the interests of the platform, platform insiders and platform customers, the report states. As an example, the report points out that exchange employees often trade on their own platforms, even though they may have access to information about future trades or upcoming coin listing.

Second, the report claims that many exchanges make little or no effort to halt abusive trading activities. Platforms lack robust real-time and historical market...

08:30

Diar Report Reveals 30% of Bitcoin Supply is Lost or Yet to be Mined NewsBTC

A recent report by cryptocurrency research publication Diar has revealed some interesting statistics about Bitcoin wallets and the nature of their owners. The findings show that the majority of Bitcoin is held in a small number of wallets and many of these have had no outgoing transactions even despite the 2018 bear market.

Resolve Amongst Long-Term Holders Seems Strong

The report is featured in the September issue of Diar and was published yesterday.

It claims that over 55% of Bitcoins are currently stored in wallets that contain over 200 coins. This makes their total value over $1.26 million at the time of writing.

Interestingly enough, 1/3 of the wallets which contain 200 or more Bitcoins have never made an outgoing transaction. This indicates that either early investors have lost access to their wallets or that those holding the coins believe so deeply in Bitcoin that the wild price swings seen over the last twelve months do not concern the owners of the wallets.

The Diar report also states that over 87% of Bitcoins are currently being stored in wallets with balances of over 10 BTC. This represents a total value of just less than $100 billion. These coins are held in just 0.7% of all Bitcoin addresses.

For wallets with more than 100 coins, the number drops to just 0.1% of all wallets whilst representing 62% of all outstanding Bitcoins.

However, these figures do not simply represent a small number of incredibly wealthy individuals. They are much more likely to be owned by cryptocurrency exchanges themselves. This is because many users and investors are fine with breaking one of the cardinal rules of digital currencies dont store them on exchanges. Huge numbers of coins kept in exchange wallets give hackers an enormous honeypot to try to break into. Despite the dangers, many prefer to sacrifice convenience for security it seems.

It is believed that 3.8% of the total Bitcoin supply are sat in wallets that are managed by large exchange platforms such as Coinbase. This figure represents $4.28 billion.

The Diar report also supports an earlier research paper published by Chainalysis. Both studies estimate that there is a strong chance that as many as 30% of all Bitcoin are lost or yet to be mined.

Accompanying the text in the Diar report is a chart that places figures next to each different wallet type. It states:

  • 13% of Bitcoin are held in transactional accounts;
  • 15% of Bitcoin are held in exchange wallets;
  • 25% of all Bitcoin are held as long-term investments;...

08:30

US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case Bitcoin News

US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case

This month the US District Court of Eastern California has been very busy dealing with cases involving the infamous and now defunct darknet marketplace the Alphabay. The Federal courthouse in Fresno just recently wrapped up the forfeiture case involving the alleged Alphabay leader Alexandre Cazes. Further, the Fresno courthouse has charged and have plans to indict multiple Alphabay and Silk Road vendors with distribution and conspiracy charges this month.

Also readSecurity Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet

US Officials Use Civil Forfeiture Laws to Seize Alphabay Leaders Digital Assets and Property  

The Alphabay marketplace and the investigation that followed after its demise has always been a very hot topic of conversation. The multinational law enforcement operation called Operation Bayonet culminated with the take down of both Hansa and Alphabay darknet markets. When the Alphabay went offline the police force targeted a Canadian national living in Thailand named Alexandre Cazes. Cazes was accused of being the Alphabays leader and as usual, because some of the crimes wer...

08:21

New York Attorney General Report Says Crypto Exchanges are at Risk of Manipulation Cointelegraph.com News

A recent report by the New York Attorney Generals office states that digital currency exchanges are at risk of manipulation and conflicts of interest

08:15

Commissioner: SEC Shouldnt Hold Back in Approving Crypto Products News CCN

The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products

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07:49

Googles New Selfish Ledger Aims to Direct Human Evolution and Track Your Entire Life "IndyWatch Feed World"

Makia Freeman, Contributor
Waking Times

The Selfish Ledger is the title of a leaked Google video released earlier this year in May 2018. Now, a few months later, its worth taking a closer look at this apparently leaked vid. The title is quite innocuous and not so fitting, belying the creepy agenda of military fund-seeded Google to control and own you by taking over your data. This will be a digital, corporate-owned ledger. Google wants a complete ledger of your life a complete account using extensive data of all your actions, decisions, preferences, movements and relationships. It then wants to use pattern recognition and other tools with this data to direct your life. At first, this so-called Selfish Ledger will be user-driven, but the implication is that soon thereafter it will be driven by the ledger itself (i.e. AI) programmed with Googles values (whatever they are). The deeper meaning of the Selfish Ledger is shocking: Google freely admits that it is aiming for complete species-wide understanding with the Selfish Ledger, and thus to be able to direct human evolution.

What is the Selfish Ledger?

As described in the video, the Selfish Ledger will be a complete record or account of who you are. The word ledger denotes accounting, numbers and (now) blockchain. Google is planning to pitch the idea to the public by presenting it as a selfish ledger that is all about you. They state in the video that initially the ledger would be user-driven. So, the user would select the volition of the ledger, e.g. input the goals or values, then allow the ledger to help him/her make better decisions to reach those goals. The video states people would initially use it in the areas of health or environmental impa...

07:42

Hong KongBased Blockchain Fund Makes Its Case for Yen-Backed Stablecoin Bitcoin Magazine

Hong KongBased Blockchain Fund Makes Its Case for Yen-Backed Stablecoin

Grandshores Technology Group, a Hong Konglisted investment holding company, is seeking to raise around $12.7 million through a digital token fund, according to reports from the South China Morning Post (SCMP). Grandshores Technology plans to use the funding to launch a yen-backed stablecoin.

Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores Fund, which is backed by the local government of the city of Hangzhou and Chinese crypto billionaire Xiaolai Li.

Yao stated that the company plans to attract investment from qualified investors from outside China to raise funds via Tether, according to the SCMP report. The company will also invest in disruptive startups and other cryptocurrency projects across the globe that are challenging the status quo.

We are entering the next stage of blockchain evolution, a stage which is akin to when computer operating systems were transiting from MS-DOS [disk operating system] to MS-Windows.

The founding partners of Hangzhou Grandshores Fund are currently working with an unnamed, mid-tier Japanese bank to develop the yen-based stablecoin. Grandshores has plans to launch stablecoins pegged to the Hong Kong dollar and the Australian dollar in the future.

Yao remains confident regarding the demand for the coin when it launches. He believes the token could be ready by the end of 2018 or the first quarter of 2019.

We believe cryptocurrency traders and exchanges will be potential takers of this stablecoin, he added.

Stablecoins help tackle one of cryptos chief dilemmas volatility without compromising its core values. On a smaller scale, they also help investors trade seamlessly while transferring money between crypto exchanges.

Earlier this year, Binance Labs, OKEx and other notable investors funded a stablecoin project out of South Korea called Terra. Liechtensteins Union Bank AG also issued its stablecoin, as it aims to become the world's first blockchain investment bank.  

Paxos and Gemini joined the party last...

07:40

German Frankfurt School to Issue Blockchain-Based Course Certificates Cointelegraph.com News

The Frankfurt School of Finance & Management will now award certificates to its students on a blockchain

07:30

Peoples Bank of China Issues New Warning Against ICOs and Cryptocurrencies NewsBTC

The Peoples Bank of China (PBoC) has issued a new warning to citizens regarding investments in initial coin offerings (ICOs) and cryptocurrencies, amidst reports detailing how Chinese citizens were bypassing the cryptocurrency restrictions.

This latest warning comes more than a year when Chinas central bank first released their unprecedented ban on ICOs.

In the notice, the PBoC reminds investors of the illegality of the ICO fundraising model, saying that ICOs are suspected of illegally selling tokens, illegally issuing securities, illegal criminal activities, financial fraud, pyramid schemes and other illegal and criminal activities.

Peoples Bank of China ICO Ban Successful, But Still Easy to Circumvent

In the official notice, the PBoC also brags about the successfulness of their cryptocurrency ban, which has reduced Yuan trading volume to under 1% of the global trading volume. In addition to reducing cryptocurrency trading volume, the central bank also hails their more recent ICO ban as a success, saying that:

The global share of domestic virtual currency transactions has dropped from the initial 90% to less than 5%, effectively avoiding the virtual currency bubble caused by skyrocketing global virtual currency prices in the second half of last year in Chinas financial market. The impact has been highly recognized by the community.

Since the ban, the government has shut down 88 ICO trading platforms and 85 ICO projects operating in the country or catering to investors based in the country.

Although the ban, which was first announced in September of 2017, has reduced ICO trading volume, Chinese investors are using multiple methods to circumvent the ban. This is mainly through the use of Virtual Private Networks (VPNs) and offshore exchanges with constantly changing domain names.

Some Chinese investors are even turning to peer-to-peer transactions to purchase shares of ICOs, by paying people located in other countries in fiat currency to transfer the tokens.

The regulatory authority notes that they are working tirelessly to stop illegal trading through various methods, including cleaning up payment channels and strengthening their ability to monitor financial transactions.

The report also importantly notes that their new methods of restricting the ICO industry have been successful, and that they have recently blocked 124 IP addresses, and have closed 3,000 accounts as a result of their increased oversight...

07:20

Ethereum DApp Bancor is Building a Bridge to the EOS Network News CCN

Bancor, a decentralized cryptocurrency exchange (DEX) protocol and one of the most popular decentralized applications (dApps) on the Ethereum network, has announced that it will bring trustless token trading to the recently-launched EOS blockchain. Israel-based block producer and Bancor partner LiquidEOS made the announcement which has since been heavily edited on Monday. Funded

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06:55

Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, LXDX Targets Retail Investors Bitcoin News

Exchanges Round-Up: Palestinians Use Crypto to Transfer Offshore, Lxbx Targets Retail Investors

In recent news pertaining to cryptocurrency exchanges, Palestinians are reportedly turning to crypto brokers to facilitate cross-border transactions, XBT Provider has revealed plans to launch an exchange-traded product that will track between 5-10 cryptocurrencies, and LXDX has announced that it will make its platform available to retail investors.

Also Read: P2P Markets Report: Record Volume in Peru, Argentina, Philippines

Palestinians Turn to Crypto to Facilitate Cross-Border Payments

Ahmed Ismail, a Gaza-based financial analyst, recently told media that a growing number of Palestinians are using cryptocurrency to conduct cross-border payments.

Mr. Ismail attested that there are over 20 unofficial cryptocurrency exchanges in the Palestinian territories of the Gaza Strip and the West Bank, stating that he himself has 30 clients who...

06:30

Alibabas Jack Ma: Blockchain is Meaningless without Disruption in Manufacturing, Society NewsBTC

Jack Ma, founder and CEO of Alibaba Group Holding, has said that the blockchain is meaningless if it cant transform the manufacturing industry and society.

Alibaba Jack Ma Expects Blockchain to Create a Greener, More Inclusive Society

Chinese e-commerce giant Alibaba, trading at the New York Stock Exchange with a market capitalization of more than $400 billion, has quickly become one of the leading blockchain developers in the world. The company filed 43 blockchain patents in 2017, amounting to 10 percent of all blockchain-related registered applications.

For that reason, Alibaba founder Ma has gained a status of leader in the blockchain industry whose comments are able to affect the markets. At the World Artificial Intelligence Conference in China on Monday, Ma showed he maintains high hopes in distributed ledger technology, according to the China Money Network.

The data age is major opportunity for manufacturers to reform the industry. But blockchain and IoT will be meaningless unless they can promote the transformation of the manufacturing industry and the evolution of the society towards a greener and more inclusive direction.

At the second World Intelligence Congress held in Tianjing in May, Ma reminded everyone that Bitcoin is not part of the equation at Alibaba. He also said Bitcoin is a bubble.

Alibaba has been working on blockchain for several years. Blockchain is not a bubble, but Bitcoin is a bubble. Bitcoin is just a tiny application of blockchain. Blockchain is not a huge gold mine [] At least inside Alibaba, blockchain must be a solution that addresses the privacy and security issues in the digital era.

This is not the first time that Ma is publicly hopeful about blockchain and its disruptive capabilities to change the world for the better. As he launched the groups blockchain remittance Ali Pay in June, he said blockchain technology can help overcome the challenges of security, sustainability, and inclusion. It could change our world more than people can imagine.

The Alibaba executive chairman said in June that the new generation of financial institutions, using blockchain, will service 80 percent of people and make 20 percent of profit, instead of what traditional financial institutions do, serve 20 percent of people a...

06:19

US Market Crash Expected as Household Income Explodes, Will Millennials Flock to Bitcoin? News CCN

For the first time in history, US household wealth has surged above the $100 trillion mark, fueled by the rise in the value of stocks and properties. However, analysts say the unsustainable growth in household wealth could cause a crash, which may lead millennials to flock to Bitcoin. In September, US household wealth reached $100

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05:40

UK Govt Faces Questions Over Impact of Crypto Bear Market on UK Blockchain Industry Cointelegraph.com News

The U.K. government says it is not formally assessing the impact of the global crypto market downturn on the domestic blockchain industry, but is broadly monitoring developments

05:30

Artists Celebrate Cultural Impact of Bitcoin with Digital Currency-Inspired Exhibition NewsBTC

To honour its 10th birthday, a group of artists from around the world are putting on an art exhibition exploring the cultural impact of Bitcoin. The Art (r)Evolution event will take place during the last week of September and first week of October in Paris, France.

Art (r)Evolution Exhibition to Explore Crypto Use Cases

The Art (r)Evolution exhibition will feature work from a number of artists who are interested in how cryptocurrency can impact the art world, as well as finance and wider society in general.

The event will be held in Paris between September 28 and October 5. All the works include QR codes to allow those in attendance to buy them using digital currency. Those supported include Bitcoin, Litecoin, Ether, and Monero. One of the artists and organiser of the exhibition, Pascal Boyart, spoke to TheNextWeb about Art (r)Evolution:

We had the idea to organise an exhibition in Paris to show possible use cases of cryptocurrencies and connect the international crypto-friendly artists.

Boyart went on to tell the publication that he believes that France could become the central hub of a new artistic movement that explores the relationship between art and digital currencies. He is also optimistic about the potentially world-changing impact of crypto:

The advent of cryptocurrencies is not just a monetary revolution, its also a cultural revolution.

As well as the opportunity to buy the works using digital currency, the artists themselves have been tasked with hiding Bitcoin private keys in the works. These prizes can be won by anyone in attendance who has a keen enough eye.

The artists displaying their work in the exhibition will include: Andy Bauch, Coin Artist, Nanu Berks, Saint Phall Yom, Illies Issiakhem, Josephine Bellini, Yosh, Mark Bern, Choq, and You. The event is completely open to the public and anyone in the area is encouraged to come down to enjoy the art work on display.

This is not the first time that artists have been inspired by cryptocurrency. NewsBTC has previously featured a report about artist Lincoln Townley and his exhibition of works. Interestingly, the LA-based Townley was only prepared to sell his works using digital currency payments.

Earlier still this year, we also ran the story of a Slovenian sculptors homage to Bitcoin. During the report, the Parisian street artist...

05:30

Construction of Moroccos 36 Megawatt Bitcoin Mining Farm to Start in January 2019 Cointelegraph.com News

Giant 36 megawatt Bitcoin mining farm coming to Morocco despite hostile regulatory climate

05:25

Zimbabwes Golix Battles To Grow Volume After Breaking Into Seven African Countries Bitcoin News

Zimbabwe's Golix Battles To Grow Volume After Breaking Into Seven African Countries

Zimbabwean cryptocurrency exchange, Golix, is now active in seven countries across Africa, but it may be sometime before everyone buys into the project. Volume is still very low amid what looks like close competition between old and new exchanges fighting for a small, elite, but steadily growing market. A lack of market markers those wealthy individuals or companies that can swing markets if it makes them a profit seems to be the biggest challenge, however.

Also read: Nigerian President Demands HSBC Bank Returns $100m In Stolen Money

Less Than $100,000 Volume Traded Each Month In New Markets

Golix has in the last two months allowed people from seven African countries to buy and sell cryptocurrency from their home economies, but the Zimbabwe-headquartered cryptocurrency exchange is facing difficulty to grow volume in its new markets.

Zimbabwe's Golix Battles To Grow Volume After Breaking Into Seven African Countries

About $100,000 worth of bitcoin...

05:12

Bitcoin Price Intraday Analysis: BTC/USD Hinting Reversal towards $6500 News CCN

Bitcoin price on Tuesday appreciated as much as 2.88 percent against the US Dollar. The BTC/USD is trading at 6326-fiat at the time of this reporting. The pair opened the day forming lower lows towards 6229-fiat. There was already a minor uptrend in place on a bounce back from 6205-fiat from yesterday. However, BTC/USD lacked

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04:40

New York AG Report Faults Crypto Exchanges for Manipulation Risks CoinDesk

The NY Attorney General's Office stated that many crypto exchanges cannot monitor abusive trading activity, and referred 3 for potential violations.

04:30

Blockchain CEO: Cryptocurrency Prices will Slowly Recover Towards Year-End NewsBTC

Cryptocurrency prices have been hovering near their year-to-date lows as of late, with Bitcoin dominance near its yearly high and many altcoins down 80% or more. Although investors are losing confidence in the markets and things look bleak, one person familiar with the space believes that prices will begin to climb towards the end of 2018.

Josh Fraser, the CEO and co-founder of open-source blockchain platform, Origin, made his prediction in a recent statement to MarketWatch, expressing that the current growth taking place in the technology sector and the increased adoption and utility of cryptocurrencies and blockchain will lead the markets higher towards the end of 2018.

In an email to MarketWatch, Fraser said:

Were seeing a shift towards development in the blockchain and crypto space, which is extremely important because some of the key pain points in the space are usability and pricing. People who have written off crypto as a result will only be drawn back in when they see real utility, versus speculation. This will help stabilize prices and is why building usable systems is critical.

Cryptocurrency Adoption Increasing Like Never Before

Although the crypto markets are currently in a persisting bear market, the developments taking place behind the scenes are incredibly positive, with widespread adoption looking more likely than it ever has.

Upcoming cryptocurrency exchange Bakkt is one positive development for the cryptocurrency markets, as it is one of the first major signs of corporate interest in cryptocurrencies. The exchange is backed by NYSE parent company ICE, and already has corporate partnerships with major corporations, including Starbucks and Microsoft. If the platform in approved by the U.S. Commodity Futures Trading Commission (CFTC), the platform could launch later this year.

In addition to corporate interest, institutional interest in cryptocurrencies is ballooning, and the current prices arent reflecting this, leading many investors to see now as a great time to invest. In addition to the U.S. Securities and Exchange Commissions (SEC) pending review of the CBOE VanEck/SolidX Bitcoin ETF, major financial institutions including Citigroup and Morgan Stanley, are launching unprecedented Bitcoin products that signal a renewed interest in crypto by Wall Street.

While speaking about increasing Bitcoin adoption, Alistair Milne, the chief information officer at Altana Digital Currency Fund, spoke about the importance of institutional interest in the markets,...

04:18

France Accepts New ICO Framework to Become Europes Leading ICO Hub News CCN

An Initial Coin Offering (ICO) framework proposed by French financial market regulators AMF (lAutorit des marchs financiers) has been accepted in parliament. Frances Minister for the Economy and Finance, Bruno Le Maire, confirmed the acceptance of the legal ICO framework in a recent tweet. Article 26 adopt en commission #PACTE ! Un cadre juridique des

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03:55

A Third of Humanity Remains Financially Excluded Bitcoin News

Statistics: A Third of Humanity Remains Financially Excluded

Unrestricted access to financial services is one of the main preconditions for achieving economic freedom. However, large portions of the planets population, especially in the developing world, remain excluded from the traditional banking system. The number of the unbanked or underbanked citizens of the industrialized, digitized nations is also unexpectedly high, now when almost everyone, everywhere has a smartphone in their pocket.

Also read: More Banks Sanctioned for AML, Fraud-Related Violations

Women and the Poor Less Likely to Have a Bank Account

Statistics: A Third of Humanity Remains Financially ExcludedCryptocurrencies offer an alternative path, a fast track to financial inclusion. Unfortunately, instead of facilitating it, overly worried states, authorities and regulators often hamper the economic emancipation of those whose inte...

03:30

Pro League of Legends Gamer Robbed of $200K in Crypto in Sim-Hack NewsBTC

A prominent eSports gamer took to YouTube to reveal to his audience how someone stole $200,000 worth of cryptocurrency in an apparent sim-swap hacking incident a new growing cybercrime trend that appears to focus on cryptocurrency investors.

Pro Gamer Doublelift Has $200K in Crypto Holdings Stolen

American professional League of Legends player Yiliang Peter Peng, best known as Doublelift in the eSports space, was reportedly hacked, resulting in $200,000 in cryptocurrency being stolen from his accounts.

In a YouTube video, Peng recounts how he woke up to a notification on his phone from his bank account, alerting him that his account had become overdrawn. Peng, who has won over $174,000 in prizes throughout his career as of August 2018, says he doesnt check his bank account often, but was surprised to learn it was empty.

The account had become overdrawn due to an excess of Coinbase transactions, wiping out his entire balance and then some. Distressed, Peng attempted to access his Coinbase account to see what had transpired, but to no avail the hacker had already changed his username and password.

Peng says the transactions totaled as much as $200,000.

League of Legends Star Suffers Sim-Swapping Hack

The pro gamer is confident the theft is related to some strange occurrences involving his cell phone provider, and the order of events suggests that Peng was the victim of a sim-swapping hack a quickly growing cybercrime trend affecting cryptocurrency investors.

After calling T-Mobile, Peng discovered his phone number had been reported as lost or stolen, and may have been transferred to another handset. In a sim-swap hack, cybercriminals pose as the owner of the phone number in question, in order to gain access to the phone number and use it to receive two-factor authentication codes and other information secured behind a text message verification.

The hackers took things a step further, creating a web of email filters designed to keep sensitive emails that might alert Peng of the hackers activity from ever reaching his inbox. Even the Coinbase emails confirming transactions were forwarded to a hidden address and deleted before Peng could see.

The League of Legends star is confident hell get his stolen funds back eventually.

Is Sim-Swapping Becoming a Widespread Threat for Crypto...

03:25

Developer Completes "Proof-of-Life" Off-Grid Crypto Transaction Primed for Post-Apocalypse Cointelegraph.com News

In response to a natural disaster challenge, a developer claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain

03:20

Vigilante Botnet Infects Computers to Remove Cryptocurrency Malware News CCN

Botnets have become increasingly powerful over the last few years, to the point where the US Department of Homeland Security admitted that they couldnt face the problem alone and needed help from the white hat community. Botnets consist of dozens, hundreds, or even thousands of internet-connected devices which are then used to carry out to

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03:15

Switzerland to Exchange Blockchain Regulatory Experience With Israel Cointelegraph.com News

Financial officials from Switzerland visit Israel to share their experience on crypto-related regulations

03:00

Coinbase Hires LinkedIn Executive as New Data Chief CoinDesk

Coinbase has brought LinkedIn head of analytics and data science, Michael Li, on as its new vice president of data.

02:50

Battle of the Privacycoins: Verge Offers Little Privacy and Nothing Unique Bitcoin Magazine

Battle of the Privacycoins: Verge Offers Little Privacy and Nothing Unique

Based on blockchain technology, most cryptocurrencies have an open and public ledger. While this is required for these systems to work, it comes with a significant downside: Privacy is often quite limited. Government agencies, analytics companies and other interested parties lets call them spies have ways to analyze the public blockchains and peer-to-peer networks of cryptocurrencies like Bitcoin, to cluster addresses and tie them to IP addresses or other identifying information.

Unsatisfied with Bitcoins privacy features, several cryptocurrency projects have, over the years, launched with the specific goal to improve on them. And not without success. Several of these privacycoins are among the most popular cryptocurrencies on the market today.

However, as detailed in this months cover story, Bitcoins privacy features have recently seen significant improvements as well and are set to further improve over the next months and years. This miniseries will compare different privacycoins to the privacy offered by Bitcoin.

In part 3: Verge

Background

Verge (XVG) was originally launched in 2014 as Dogecoin Dark by Justin Sunerok, who is still lead developer of the project today. To cultivate a more serious image, the project rebranded to Verge in 2016. As a codebase fork of Dogecoin, its base protocol is similar to Bitcoin in many ways. (Dogecoin was a codebase fork of Litecoin, which was a codebase fork of Bitcoin.)

Verge has been in the news several times over the past year, most notoriously because the coin was successfully 51%-attacked on multiple occasions. But Verge is probably best known for its partnership with major porn site Pornhub, which made headlines all over the crypto media and beyond.

At the time of writing, Verge (XVG) claims the 39th spot on altcoin market cap lists, down from a top-25 spot earlier this year. This makes it the fourth (and last) privacy-focused altcoin in the market cap top 50, after Monero, Dash and Zcash.

Privacy

According to the subtitle of the the Verge Black Paper, which describes the project, Verge is the most privacy focused cryptocurrency. However, even the Verge project leaders themselves appear to be a bit m...

02:38

Crypto Startup Reels in Twitch Executive to Spearhead Adoption Strategies Bitcoin Magazine

Exec Leaves Amazon-Owned Twitch to Head Marketing at Kin Crypto

Kin Ecosystem Foundation, the nonprofit governance organization for the Kin cryptocurrency, has announced the appointment of Matthew DiPietro as its chief marketing officer (CMO) today, September 18, 2018. Prior to joining Kin as its CMO, DiPietro was senior vice president of marketing at Twitch, the worlds leading video platform and community for gamers, where he drove mainstream adoption of live streaming.

Messaging app Kik was founded in 2009, and it became known as the first chat app that went viral in 2010, growing from zero to a million users within 15 days. The company also became the first chat app to add its own digital currency when it launched the KIN token early last year.

Kik believes that through its token it can bring together the areas of communications, information and commerce in a new way that will fuel how todays generation and future ones connect.

The KIN token launched on Ethereums blockchain, then switched to Stellars, and then in a bid to eliminate transaction fees for its users, it forked Stellar to create the Kin blockchain. The KIN token recently achieved 1.2 million transactions per day.

The Kin Ecosystem Foundation is the nonprofit organization managing the development of the KIN token.

In an interview with Bitcoin Magazine, DiPietro explained why he decided to leave Twitch for the Kin Ecosystem Foundation.

It reminds me very much of the early days of Twitch. Its an exciting concept with audacious goals, a talented team, and killer technology, he commented.

We have a once-in-a-lifetime opportunity to drive adoption of a transformative technology that can fundamentally change the relationship between consumers and developers. Im looking forward to creating and executing a marketing strategy that helps make that happen.

DiPietro joins Kin after spending eight years at Twitch, where he created the companys brand and led marketing initiatives at all levels, including the creation of TwitchCon in 2015, the companys annual convention for Twitch creators and their comm...

02:18

Tether Transactions Resume Normal Operations Following Incident with Omni API News CCN

Tether (USDT), the eighth-largest cryptocurrency and the second most-traded coin behind bitcoin, is functioning as normal following an incident with the engine that feeds data from the underlying Omni protocol to the platforms hosted node services. For approximately eight hours on Monday, tether transactions appeared to be frozen, and in fact were at least

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02:00

High Times Quietly Removes Crypto Payment Option From IPO Website CoinDesk

High Times has removed bitcoin as a payment option for its IPO, just days after admitting it was accepting the cryptocurrency.

01:57

Fireflies Party, Invite-Only Event Alongside Consensus: Singapore 2018 NewsBTC

Crypto specialists attend blockchain conferences to meet opinion leaders, find investors for their projects, grow their network and discuss important trends. These goals are much easier to reach during a chamber event with specially selected guests than at a huge summit with an immense number of unfamiliar busy attendees. As a result, private afterparties and side events are an essential part of big crypto conferences. Consensus, the famous crypto-event hosted by CoinDesk will have one such exclusive side-event   Fireflies Party on September 19, 2018.

Main Events vs. Side Events: What to Choose?  

Consensus is a widely recognized, top blockchain technology summit. It attracts opinion leaders, CEOs, entrepreneurs and project owners from all across the crypto industry. During every Consensus, many significant side-events take place.

Afterparties and side-events quite often turn out to be more beneficial, as participants have an opportunity to communicate and operate in smaller groups and contact the right people directly in a relaxed and informal atmosphere. This opportunity is especially noted at private side-events which is off bounds to random people. Their organizers guarantee the absence of scammers and pitchers by handpicking the attendees based on the received event applications or by directly inviting interesting community members. Because of such a thoughtful approach, many important partnerships are forged and deals are made in such parties. 

There is an emerging trend in the crypto-community where those interested in the blockchain and crypto industry visit cities hosting big conferences. However, they are not interested in attending the main event. Instead, they seek to attend the private side events or afterparties for the elite to meet certain people and participate in more efficient closed networking. 

Private Party at a Unique Location

The Fireflies Party, on the sidelines of the Consensus blockchain conference in Singapore, will be held on September 19 and organized by Byzantium and the co-founders of Cryptohou.se. The event will allow leaders and great achievers of the blockchain industry to connect with the best. 

Those interested in attending the Fireflies Party have to apply on the website. The guests will be se...

01:55

P2P Markets Report: Record Volume in Peru, Argentina, Philippines Bitcoin News

P2P Markets Report: Record Volume in Peru, Argentina, Philippines

According to Coindance, peer-to-peer (P2P) trading activity has significantly rebounded during recent weeks, following the record low in volume posted for the week of the 1st of September. The increased trading activity appears to have mostly occurred in the Latin American and emerging BTC markets, with record volume posted by the Peruvian, Argentinian, and Philippine Localbitcoins markets.

Also Read: 55% of All BTC Is Parked in Whale-Sized Wallets

Peruvian Localbitcoins Market Posts BTC Volume Record

Peru saw record-breaking trading activity this past fortnight, with the preceding two weeks comprising the strongest in the history of trade between BTC and the Peruvian Sol (PEN) when measuring in BTC, and the second and third strongest when measuring fiat.

...

01:50

ETH and XRP See Major Boost Amid Checkered Market Outlook Cointelegraph.com News

Amid a checkered market, Ripple (XRP) has today seen a major price uptick, and Ethereum (ETH) has also strongly rebounded from recent losses

01:15

XRP Price Bucks Bearish Market Mood to Hit 13-Day High CoinDesk

XRP is reporting double-digit gains today, despite a generally bearish trend across the wider crypto markets.

01:15

Ripple Price Intraday Analysis: XRP/USD Near September High with 23% Leap News CCN

Ripple price on Tuesday appreciated 23 percent against the US Dollar owing to strong fundamental factors. The XRP/USD has risen from its intraday low near 0.26699-fiat to retest its September 5s lower high near 0.32994-fiat. The pair yawned through the early Asian trading session, consolidating sideways within a stiff range. The upside momentum began building

The post Ripple Price Intraday Analysis: XRP/USD Near September High with 23% Leap appeared first on CCN

00:25

55% of All BTC Is Parked in Whale-Sized Wallets Bitcoin News

If the huge amount of BTC locked in the wallets of long-term investors is anything to by, bitcoins nascent adopters are in no hurry to cash out. Many of the coins accrued and stored in the cryptocurrencys earliest days have yet to move.

Also readBTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

Bitcoin Hodlers Are Creatures of Habit

...

00:15

Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report News CCN

A South African businessman whose captors had allegedly demanded bitcoins as ransom has been freed. Liyaqat Parker, a businessman based in Cape Town, South Africa, was released on Monday according to a statement issued by his family. However, the circumstances of his release, including whether the bitcoin ransom was paid, remain unclear as his family

The post Kidnapped South African Tycoon Released for 50 Bitcoins Ransom: Report appeared first on CCN

00:00

Gemalto Taps R3 Tech for Blockchain Identity Pilot CoinDesk

Digital security firm Gemalto is teaming up blockchain startup R3 to pilot a new platform aimed to bring digital identities closer to the mainstream.

00:00

Newdex Decentralized Crypto Exchange Robbed in New Hacking Attack NewsBTC

After discovering a new security vulnerability, hackers managed to flood a crypto exchange with fake EOS tokens. By the end of their operation, they ended up stealing as much as $58,000 from the exchanges users directly.

New Hacking Attack Hits a Decentralized Exchange

The hacking attacks of the crypto world show no signs of stopping or even slowing down at this point. The proof of this is a new attack that has hit a decentralized crypto exchange called Newdex. The attack was not a classic one, and the hackers actually flooded the exchange with as much as 1 billion fake EOS tokens which they themselves created according to reports.

The tokens were created on EOS platform, and also named EOS. Through their use, the attackers illegitimately bought IQ, BLACK, and ADD tokens from the exchange. The exchange confirmed this, naming the account that performed the scam as oo1122334455. Additionally, the exchange admitted that as many as 11,800 fake orders were issued through the use of fake EOS coins.

Eventually, the scammers traded fake EOS for real EOS, gaining around 4,028 EOS coins, or approximately $20,000 on Bitfinex. The worst losses were experienced by the Newdex users, which cost around $58,000 in total. While the exchanges team has apologized for the incident, they released no plans regarding compensation for their users.

How Did They Pull It Off?

After an initial investigation, it would seem that the vulnerability consists of two aspects. The first one is the fact that anyone can make their own token on EOS, and name it whatever they want including EOS. The second one includes the fact that Newdex doesnt require smart contracts. That way, it is not possible to actually confirm that the tokens pumped into its system are actually what they seem to be.

This is due to the fact that developers are using the popularity of DEX (decentralized exchanges), and are dressing to pose as one. Whats more, the community proved that Newdex is not a real DEX several days before the incident, stating that Scatter is presented as a trading and login interface, so that it would look like a DEX. The reality is that users are sending funds to regular EOS accounts that dont have any kind of smart contract running on it.

This is called the n...

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23:20

Newsflash: Ethereum and Ripple Surge 10% Within Minutes in Abnormal Market Activity News CCN

The prices of Ethereum (ETH) and Ripple (XRP) have surged by more than 10 percent in the past five minutes, despite the lack of momentum of major cryptocurrencies like Bitcoin. A spike in the volume of both XRP and ETH was triggered at around the same time on Bitfinex, affecting other major cryptocurrency exchanges. No

The post Newsflash: Ethereum and Ripple Surge 10% Within Minutes in Abnormal Market Activity appeared first on CCN

23:00

Bitcoin is 300 Times Cheaper Than Wire Transfers, Banks Take 83% Profit NewsBTC

Since 2017, so-called experts in the finance sector have criticized Bitcoin for being too expensive. Yet, banks are pocketing 83 percent profit on every wire transfer.

According to Bank of Americas official data, the $302 billion bank charges $30 for outbound domestic wire transfer and $35 for outbound international wire sent in foreign currency.

But, Fedwire, the official real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks that allows banks to electronically transfer funds, charges $0.25 per transaction.

Hence, banks, including Bank of America, are profiting $29.75 per transaction, which adds up to a 83 percent profit margin per transaction.

Bitcoin is 300 Times Cheaper

The transaction fee of Bitcoin reached its peak in November and December of last year, when the demand for cryptocurrencies demonstrated unprecedented levels. The price of Bitcoin surpassed $19,000 as the valuation of the crypto market neared a trillion dollars.

At the time, every major cryptocurrency was struggling to deal with scalability issues, as blockchain systems were not ready to handle a million transactions per day.

Over the past eight months, throughout the bear market, the open-source developer community of Bitcoin, Ethereum, and other major cryptocurrencies have worked on the scalability aspect of public blockchain networks.

Bitcoin integrated SegWit and Lightning while Ethereum is in the process of implementing Sharding and Plasma. These scalability solutions are expected to expand the transaction capacity of blockchain networks by a large scale in the months and years to come.

Already, since January, the transaction fee of Bitcoin has substantially declined to less than $1. The median fee of Bitcoin hovered at around $0.1 per year, which is only 40 percent of the base fee of Fedwire and 300 times cheaper than the wire transfer fee of major banks in the US.

Because of one short period in 2017 when the cryptocurrency market experienced an unforeseen spike in demand and interest, the narrative around Bitcoins...

22:59

This DEX Is Enabling Merchant Payments in Any Ethereum Token CoinDesk

Kyber Network is adapting the liquidity tool it uses within its decentralized exchange to allow businesses to accept payments in any ethereum token.

22:53

China's Central Bank Warns Investors of ICO, Crypto Risks Cointelegraph.com News

Chinas central bank issues yet another stark warning to investors against the risks associated with illegal ICOs and crypto trading

22:47

$1.5 Billion Blockchain Fund Founders to Finance Yen-Pegged Cryptocurrency News CCN

The founders of a $1.45 billion investment firm and a dedicated blockchain fund are teaming up to launch a new cryptocurrency whose value would be pegged to the yen. South China Morning Post reports that Grandshores Technology Group, a Hong Kong-based blockchain investment firm, is raising HK$100 million (US$12.7 million) to bootstrap the project, which

The post $1.5 Billion Blockchain Fund Founders to Finance Yen-Pegged Cryptocurrency appeared first on CCN

22:43

Chinese Blockchain Fund Plans to Raise $13 Million for Japanese Yen Stablecoin Cointelegraph.com News

January 2019 set as launch date for Chinese blockchain funds first stablecoin pegged to Japanese yen

22:32

SEC's Chief Accountant: Firms With Digital Assets Still Need to Keep Their Books in Order Cointelegraph.com News

The chief accountant for the U.S. SEC says that digital assets and blockchain do not change the fundamental responsibility of firms when it comes to financial reporting

22:30

Five Major Banks Penalized in State Funds Theft Case in Kenya Bitcoin News

Five Major Banks Penalized in State Funds Theft Case in Kenya

Kenyas central bank has penalized five major commercial banks for handling stolen state funds in the corruption scandal involving the countrys National Youth Service and Ministry of Devolution and Planning. In addition, the banks CEOs and employees could face arrest, fines, and jail time.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Handling Stolen State Funds

Five Major Banks Penalized in State Funds Theft Case in KenyaThe Central Bank of Kenya (CBK) on Wednesday, Sept. 12, fined five major commercial banks for handling stolen state money. The banks were used by persons suspected of transacting illegally with the National Youth Service (NYS), the CBK wrote.

The NYS is an organization under the government of Kenya, established in 1964 to train young people in important national matters. In 2015, it became the focus of a corruption scandal involving the countrys Ministry...

22:21

Drug Discovery Platform Verseon Launches Blockchain-Based Securities Exchange Cointelegraph.com News

Drug discovery platform Verseon continues pharmas entry into blockchain with the launch of securities trading platform

22:00

Crypto Prices Drop After Old Bitcoin Wallet Sees New Activity NewsBTC

The crypto prices have dropped once again after a wallet that has been dormant for four years sees new activity.

As many are already aware, the recent events in the crypto world have had strong consequences on the prices of digital coins. Not only has the entire year been marked by a constantly bearish market, but even when a bull run was at hand, negative events killed it.

The most recent such event has seen new activity in an old wallet, which is filled with old Bitcoins. Some reports claim that the wallet contains around 111,140 BTC, which is 0.52% of the total BTC supply. Recently, the wallet started sending large shipments of coins to certain crypto exchanges, namely Binance and Bitfinex.

Who is Behind the Wallet?

The owner of the wallet is unknown, but the Reddit user u/sick_silk, the one who originally noticed the wallet activity when it first started happening, has speculated about who might be responsible. According to sick_silk, it could be a whale that aims to disrupt the market or could be an entity from the dark webs online black market, Silk Road.

Other speculators even proposed the possibility that the wallets owner might be Satoshi Nakamoto himself. Whoever it is, the fact is that the wallet has caused a lot of issues in the recent weeks. Its funds have been split into smaller and smaller groups of coin over time. Sick_silk noticed this as well, stating that the coins were originally split into chunks of 60,000 BTC, and then to 30,000, 20,000, and so on. Now, BTC is organized into chunks of only 100 coins each and is ready to be delivered to exchanges.

According reports, sick_silk has been working hard in an attempt to find the wallet owners real identity. So much so, that they managed to connect the wallet to Dread Pirate Roberts, the Silk Roads creator, also known as Ross Ulbricht. Not to mention the speculation about the wallet and the funds belonging to Mt Gox, or even the hackers that hit Mt Gox back in the day.

Sick_silk even provided the trail they followed during the investigation, and more can be seen ...

22:00

Novel Botnet Hunts Down and Destroys Crypto Mining Malware CoinDesk

A newly discovered botnet is seeking out and removing crypto-mining malware, but why it has been created is still unknown.

21:55

Crypto Bloodbath: Bitcoin and Ethereum Record Losses in $10 Billion Wipeout News CCN

Over the past 24 hours, the crypto market has experienced a large sell off as Bitcoin demonstrated a 3 percent drop in price, leading the market to drop $10 billion. Ethereum and EOS recorded the largest drop amongst major cryptocurrencies at 9 percent, while Bitcoin Cash, Litecoin, Monero, Cardano, and Dash demonstrated steep 7 percent

The post Crypto Bloodbath: Bitcoin and Ethereum Record Losses in $10 Billion Wipeout appeared first on CCN

21:00

Major Retail Saudi Bank Joins Ripple Network for International Payments News CCN

The National Commercial Bank, Saudi Arabias first established bank, has become the latest financial institution to join RippleNet, Ripples enterprise blockchain network. A massive market for international remittances due to its sizable migrant worker population, the Kingdom of Saudi Arabia (KSA) has already seen its central bank pilot Ripples technology for instant international payments. With

The post Major Retail Saudi Bank Joins Ripple Network for International Payments appeared first on CCN

21:00

Bitcoin Price Outlook Worsens After Drop to Five-Day Lows CoinDesk

Bitcoin's drop to $6,200 on Monday has increased the odds of a move toward key support below $6,000.

20:56

Taiwan Pursues Favorable Crypto and Blockchain Regulation, Next Major Market? NewsBTC

Asias seventh largest economy Taiwan has pursued friendly regulation for crypto and blockchain companies, as the government recognized the potential of blockchain technology in bolstering the economic growth of the country.

This year, Malta, described as the Blockchain Island, established a new trend of implementing favorable policies for crypto startups to enlarge the cryptocurrency market. Within a few months, Binance and Bittrex, two of the biggest multi-billion dollar digital asset exchanges in the world relocated to Malta.

The forward-thinking approach in regulation of Malta led major cities in South Korea, Japan, and Europe to adopt similar regulatory frameworks to lure in cryptocurrency companies.

Taiwan is the Next Major Market

The government of Taiwan has not drafted or passed any official legislation covering cryptocurrency and blockchain legislation. But, led by congressman Jason Hsu, government officials and major cryptocurrency companies created Taiwan Crypto Blockchain Self-Regulatory Organization (TCBSRO), to set quality industry standards and practices.

Similar to Busan and Jeju Island in South Korea, Taiwanese government officials have taken an early approach to self-regulate the local cryptocurrency and blockchain sector to streamline the process of regulating the market for the government.

For many years, Taiwan was criticized by the international technology sector for its lack of regulations in the fintech and technology markets. Unlike Japan, which acknowledged its weakness in the area of fintech and technology, the government of Taiwan has struggled to embrace emerging and disruptive technologies.

But, the approval of the Financial Technology Innovations and Experiment Act, that allows blockchain and crypto startups to operate for years without regulatory risks, marked the first major step towards practical regulation in fintech in the countrys history, which may speed up the process of passing a potential crypto and blockchain regulatory framework in the near future.

Hsu, the crypto-supporting congressman of Taiwan, has held discussions with the largest companies in the global cryptocurrency sector including Binance, to ensure that the local cryptocurrency sector can continue to grow at a rapid rate with the approval and support from the government.

20:30

The Daily: Ethfinex Gets DEX, Cloudflare Goes Interplanetary Bitcoin News

The Daily: Ethfinex Gets DEX, Cloudflare Goes Interplanetary

While the cryptocurrency world never sleeps, the last 24 hours have been particularly active. Everyone is building right now, as the stories weve got coming up in The Daily demonstrate. Ethfinex launches its new DEX, Cloudflare embraces decentralized storage, and Bancor makes a beeline for EOS.

Also read: Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders

Cloudflare Adopts Interplanetary File Storage

The Daily: Ethfinex Gets DEX, Cloudflare Goes InterplanetaryContent delivery network Cloudflare has launched its own IPFS Gateway. As a result, its customers will be able to easily access distributed content that has been stored using the Interplanetary File Storage System. IPFS is used by a host of crypto projects including Sia and Decentraland as a means of ensuring that data is always accessible and immune to DDoS attacks. In a blog post yesterday, Cloudflare acknowledged this, explaining:

Centralization makes it impossible to keep content online any longer than the origin servers that host it. If that origin server is hacked or taken out by a natural disaster, the content is unavailable. If the site owner decides to take it down, the content is gone.

They continued: The Interplanetary File System aims t...

19:48

Stellar Startup Merges with Chain, to Reborn as Interstellar News CCN

San Francisco-based distributed ledger technology company Chain has been acquired by Lightyear, an entity powered by the Stellar network in an undisclosed agreement. Announced last week, Lightyear will be re-named to Interstellar concurrent with the merger, a company release states. Chain, that builds enterprise-grade blockchain products backed by financial giants Visa, Nasdaq, and Citigroup, will offer its cloud product, Continued

The post Stellar Startup Merges with Chain, to Reborn as Interstellar appeared first on CCN

19:30

PR: INLOCK Signs MoU with Institutional Lending Provider Partners with Major CEE Crypto ATM Manufacturer to Test Its Platform Bitcoin News

INLOCK Signs MoU with Institutional Lending Provider - Partners with Major CEE Crypto ATM Manufacturer to Test Its Platform

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

BUDAPEST (SEPTEMBER 18, 2018) INLOCK, a crypto lending platform where licensed lenders can compete for borrowers who want to use their cryptocurrency as collateral for loans, announced today that it has signed a Memorandum of Understanding (MoU) with an institutional lending provider and entered a partnership with one of the Central and Eastern European Countries (CEE) regions biggest crypto ATM manufacturers to test its Minimum Viable Product (MVP). The company launched the ICO for its ILK token on September 15, the anniversary of the Lehman Brothers collapse.

The CEE regions crypto ATM manufacturer plans to integrate INLOCKs services into all of its machines, enabling users to directly take out loans and receive funding in cash within hours. The crypto ATM manufacturer will act as a matching service provider by forwarding customers to INLOCK.

Before we can begin to talk about crypto reaching mass adoption, we first have to be able to spend it. said Csaba Csabai, CEO and founder of INLOCK. Since crypto can be such a volatile asset, people often hold onto it for future gains instead of spending it. INLOCK bridges this gap, and provides customers with the best of both worlds.

The ILK token (ERC-20) will become an integral part of INLOCKs ecosystem, serving as a proper utility token for customers to cover platform fees when taking out fiat loans with crypto collateral all contractual activities will require ILK tokens. Because the platforms usage costs are not deducted from collateral, borrowers can preserve the full value of their cryptocurrency upon repaying the loans.

INLO...

19:30

$1 Billion Blockchain Fund Founders Plan Japanese Yen Stablecoin CoinDesk

Founding partners of the $1 billion blockchain fund backed by a Chinese city government are planning to roll out a Japanese yen-pegged stablecoin.

19:16

Kryptoez, Get Your Cryptocurrency Themed Socks Now Crypto Mining Blog

Kryptoez is a new startup in the form of an online store specializing in cryptocurrency themed socks, currently available are 3 different models DigiByte (DGB), Monero (XMR) and of course Bitcoin (BTC). Kryptoez launched with 3 socks styles, but they do plan to have 8-10 different models by early 2019, so more is coming if there is interest. If you want to be in crypto style all around then crypto socks are a must too, so feel free to support Kryptoez by getting a pair of crypto socks if you like the idea and their products like we do. Currently the store accepts the following cryptocurrencies: DigiByte, Bitcoin, Monero, Litecoin, Ether, Bitcoin Cash and Dogecoin. Also accepted are fiat via VISA, Mastercard, PayPal, American Express, Google Pay and Apple Pay.

To get more information and order a pair of Kryptoez crypto socks

19:15

Another $10 Billion Lost; Why Have Crypto Markets Dumped Again? NewsBTC

FOMO Moments

Another week, another dump; Ethereum, EOS, and VeChain, all in pain.

Just when the crypto community was thinking a recovery could be possible, markets take a big dump once again to dash all hopes. Wiping out all gains over the past few days, markets have slid back below $200 billion and are looking extremely bearish again today.

Bitcoin has lost 3% on the day dropping it below key support levels to $6,295. BTC made a breakout from its rising wedge pattern resulting in a slide of over $200 in three hours or so. Ethereum as usual has fared even worse wiping out all last weeks gains and collapsing 9% on the day back to just below $200. Technical indicators suggest it could fall further back before any rallies can be expected.

Equally as predictable are the altcoins which are all dumping today. The repetitive pattern of 4-5 days gains being wiped off in less than one day is becoming quite tiresome. In the top ten EOS, Litecoin and Cardano are suffering along with Ethereum shedding 7-9 percent on the day. Bitcoin Cash and Monero are not far behind with 6-7 percent losses.

A sea of red has enveloped the rest of the altcoins in the top twenty with VeChain taking the biggest hit at 10%. The rest are all losing 6-7 percent on the day, a pattern which is being repeated all the way down the chart.

Only Steem is defying the dump with an 18% pump at the time of writing. A strange occurrence since their blockchain has been suffering with technical difficulties lately. A few other obscure altcoins are in the green today including Cybermiles, QASH, and FunFair. The rest are getting pounded and at the top of that list is Aurora dropping 27%, followed by MOAC and Mixin both losing 12%.

Total crypto market capitalization has dumped almost $10 billion over night, or around 4.5%. It is currently at $193 billion and dangerously close to falling to another yearly low. Trade volume has increased to $12 billion but largely in the wrong direction.

Reports have emerged of a long silent Bitcoin wallet containing over 110,000 BTC recently awakening to dump a lot of crypto into the markets. It has been speculated that this could have something to do with the now defunct dark web marketplace, Silk Road, though this remains as speculation.

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

The post...

18:48

Bitcoin Price Watch: BTC/USD Buyers Losing Control Below $6,400 NewsBTC

Key Points

  • Bitcoin price declined recently and broke the $6,450 and $6,400 support levels against the US Dollar.
  • There was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair may perhaps continue to move down towards the $6,120 support area in the near term.

Bitcoin price decline extended below the $6,400 support against the US Dollar. BTC/USD may correct higher, but it could face sellers near $6,340 and $6,380.

Bitcoin Price Analysis

Recently, there was a downside reaction from the $6,630 swing high in bitcoin price against the US Dollar. The BTC/USD pair started a fresh decline and moved below the $6,420 and $6,400 supports. It opened the doors for more losses and the price fell below $6,300. There was even a close below the $6,400 support and the 100 hourly simple moving average.

Moreover, there was a break below a major bullish trend line with support at $6,440 on the hourly chart of the BTC/USD pair. The pair traded as low as $6,209 and later started consolidating losses. On the upside, an initial resistance is near the 23.6% Fib retracement level of the recent decline from the $6,533 high to $6,209 low. Above this, there is a connecting bearish trend line in place with resistance at $6,320. Finally, the 50% Fib retracement level of the recent decline from the $6,533 high to $6,209 low is at $6,368. Therefore, if the price corrects higher, it could find resistance near the $6,360-80 zone.

Bitcoin Price Analysis BTC USD

Looking at the chart, bitcoin is back in a negative zone below the $6,380 level. On the downside, a break below the $6,200 support zone could open the doors for more losses towards $6,120 and $6,080.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is slightly in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI is presently well below the 40 level.

Major Support Level $6,200

Major Resistance Level $6,380

The post Bitcoin Price...

18:24

China Central Bank Warns of Cryptocurrency, ICO Risks in Public Notice News CCN

The Peoples Bank of China (PBoC), the countrys central bank, has issued a public notice urging investors of risks in cryptocurrency trading and initial coin offerings (ICOs). The Shanghai branch of the PBoC issued a public notice on Tuesday to remind consumers and investors to increase their risk awareness of ICOs a radical form Continued

The post China Central Bank Warns of Cryptocurrency, ICO Risks in Public Notice appeared first on CCN

18:00

Digital Assets Don't Change Reporting Needs, SEC's Top Accountant Says CoinDesk

The arrival of cryptos doesn't alter the need to maintain proper accounting records, the SEC's Wesley Bricker said Monday.

18:00

CoinList CEO: Crypto Market Will Be Cyclical For a Long Time NewsBTC

While the value of nearly all crypto assets have tanked since January of this year, with ICO-issued tokens being no exception, the public funding model has still garnered support and is still of interest to many investors across this early-stage industry.

ICOs Are A Game Of Land Ducks And Airborne Birds

Andy Bromberg, the CEO and founder of CoinList, a New York-based ICO-focused platform, spoke with Bloomberg on Monday morning to outline his professional opinion on the state of ICOs and the market in general. Opening the segment, the host questioned the startup CEO on how 2018s crypto market performance has impacted his business, which many would assume follows the trajectory of prices.

Interestingly enough, Bromberg divulged that this wasnt the case, explaining:

So CoinList tends to work with the best digital asset companies to manage their tokens sales, and I think last year we were seeing almost every ICO soaring through the sky on a lot of hype and attention. [But now], a lot more of them are on the ground, like land ducks and penguins [that] cant make it up into the air [Still], last year about $6 billion went into ICOs, which is a staggering number, this year, its looking at $15 billion so far, and we arent even through the year.

Speaking on why the ICO market got a bump, even amid an 80 percent correction, the entrepreneur explained that theres been an arrival of new types of tokens and blockchain projects, which subsequently lead to an increase in demand and attention for projects that fit into these different types of categories that are going to make gains in this space. Not only that, but up and coming projects are starting to utilize new models, technology and ideas to appeal to a larger customer base, which has only exacerbated the bifurcation between quality projects and low-quality ones.

An Oversaturated Market

At the time of writing, CoinMarketCap touts that there are 1,969 publicly-traded cryptocurrencies that are actively being traded. One of the Bloomberg hosts seemed to take note of this absurd figure, asking Bromberg why this market needs a vast array of tokens and projects. To the chagrin of altcoin maximalists, Bromberg unexpectedly stated:

I dont think we need that many tokens, I think that this speaks to any new technology theres this Cambrian explosion of attention and a lot of them are low-quality, but people invest in them anyway. This year, what were seeing is those high-quality projects are making significant gains, Bloomberg actually report...

17:50

Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders Bitcoin News

Robinhood Accused of Taking from Younger Investors to Benefit Wall Street Traders

Journalist Logan Kane of Seeking Alpha conducted a deep dive on the practices of popular stock and cryptocurrency trading smartphone application Robinhood. According to Mr. Kane, it seems that todays Robinhood takes from the millennial and gives to the high-frequency trader. Not only does Robinhood accept payment for order flow, but on a back-of-the-envelope calculation, they appear to be selling their customers orders for over ten times as much as other brokers who engage in the practice.

Also read: BTC Hashpower Doubles During Bear Market as Miners Sacrifice Profit for Position

Robinhood App Accused of Selling Out Younger Investors

Robinhood has taken both the legacy retail stock exchange market and the cryptocurrency exchange market by storm, offering commission-free trades. In just a short time, the startup has earned a multi-billion dollar valuation. These basic facts have brought the firm a lot of very positive media coverage, including, on balance, these pages. However, with success comes greater scrutiny, and especially when a so-called loss leader business model is paramount to its product adoption.

...

17:38

Dubai Police Warns Against Crypto Scams, Predicts Electronic Money Will Replace Cash News CCN

Dubai Police currently investigating a Dh 300 million ($81.7 million) international fraud case have issued a warning about the potential role of digital assets in terms of facilitating crime in the UAE. Speaking at a forum on Sunday September 16, Major-General Khalil Ibrahim Al Mansouri, assistant-commander of criminal investigation department (CID) at the Dubai Police warned Continued

The post Dubai Police Warns Against Crypto Scams, Predicts Electronic Money Will Replace Cash appeared first on CCN

17:00

Ethereum Price Analysis: ETH/USD Could Decline to $180 NewsBTC

Key Highlights

  • ETH price is under a lot of pressure after it broke the $210 support against the US Dollar.
  • There was a break below a major contracting triangle with support at $210 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is under a lot of pressure and it could continue to decline towards the $180 level.

Ethereum price declined recently against the US Dollar and bitcoin. ETH/USD may perhaps continue to decline towards the $180 level in the near term.

Ethereum Price Decline

After failing near the $225 level, ETH price started a downside move against the US Dollar. The ETH/USD pair declined ad traded below the $210 and $200 support levels. There was also a close below the $200 level and the 100 hourly simple moving average. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $166 low to $227 high.

More importantly, there was a break below a major contracting triangle with support at $210 on the hourly chart of ETH/USD. The pair declined towards the $190 level and found support near $192. On the downside, the next support is near the 61.8% Fib retracement level of the last wave from the $166 low to $227 high. A downside break below the $192 level could open the doors for more losses. The most important support is near $180, which is close to the 76.4% Fib retracement level of the last wave from the $166 low to $227 high. If the price corrects higher, it could find resistance near the $200 and $205 levels.

Ethereum Price Analysis ETH USD

Looking at the chart, ETH price in a bearish zone and it could extend declines towards $190, $185 and $180. Below this last, it could even trade back towards the $166 level.

Hourly MACD The MACD is moving in the bearish zone.

Hourly RSI The RSI is currently well below the 40 and 30 levels.

Major Support Level $190

Major Resistance Level $205

The post Ethereum Price Analysis: ETH/USD Could Decline to $180 appeared first on NewsBTC.

16:32

Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency News CCN

Hackers stole the processing power of several Indian government websites to mine cryptocurrencies, researchers found. Citizen portals such as that of the municipal administration of Andhra Pradesh (AP), Tirupati Municipal Corporation and Macherla municipality are among the hundreds of Indian websites that are found to be infected by cryptojacking malware. Cryptojacking, as the term indicates, Continued

The post Cryptojacking: Attackers Hijack Indian Government Websites to Mine Cryptocurrency appeared first on CCN

14:03

Palestinians Are Using Bitcoin to Transact Across Borders Amid Conflict CoinDesk

For a small community of users in the occupied territories, bitcoin has become an economic lifeline to the outside world. But it can do only so much.

13:52

Bitcoin (BTC) Price Watch: Bearish Wedge Breakout NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price recently broke below a rising wedge pattern to signal that further losses are in the cards.
  • Price might still pull back to the broken support area, which lines up with Fib levels, to gather more selling pressure.
  • Technical indicators are showing that there is still some bullish momentum left.

Bitcoin price made a downside break from its rising wedge pattern but might be due for a pullback before heading further down.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is still to the upside. In other words, there still might be a chance for the uptrend to resume.

However, the gap between the two is narrowing to reflect weaker bullish momentum and a possible downward crossover. Bitcoin price has also tumbled below both moving averages, so these might hold as dynamic resistance moving forward.

RSI is turning higher after recently dipping into oversold territory, suggesting a possible return in bullish pressure. Stochastic also looks ready to climb out of the oversold region and bitcoin price could follow suit once it heads north.

However, price could hit roadblocks at the Fib levels marked on the breakdown. The 61.8% Fib lines up with the broken wedge support around $6,430 and the 50% Fib lines up with the 200 SMA dynamic inflection point. If any of these levels keep gains in check, bitcoin price could resume the slide to the swing low or lower.

BTCUSD Chart from TradingView

BTCUSD Chart from TradingView

With that, its understandable that traders are dumping their riskier holdings and flocking back to the safe-havens. Cryptocurrencies have been deep in the red once more, with declines led by ethereum.

The post Bitcoin (BTC) Price Watch: Bearish Wedge Breakout appeared first on NewsBTC.

13:31

Ukrainian Parliament Proposes Tax Bill for Digital Currencies Cointelegraph.com News

The Ukrainian parliament is considering a bill, which would introduce a tax regime on cryptocurrencies at five percent and increase to 18 percent in 2024

12:50

A Reader Asks: Should I Sell Gold and Buy Bitcoin? "IndyWatch Feed Economics"

A Reader Asks: Should I Sell Gold and Buy Bitcoin? by Clint Siegner Money Metals Although the fervor has diminished substantially since the crypto price smash earlier this year, we do still see a degree of interest in bitcoin...

The post A Reader Asks: Should I Sell Gold and Buy Bitcoin? appeared first on The Daily Coin.

12:00

Ethereum Price Analysis: ETH Reservation Demand Is Low Further Fueling Sell Pressure NewsBTC

This time last week, it was all about doom and gloom for Ethereum after a high-volume candlestick drove prices below $200 for the first time this year. Needless to say, ETH prices have since recovered. Though we need to see movements above $300, its safe to say that aggressive traders can ramp on longs on every dip in lower time frame with the only deterrence being Sep 5 bear candlestick. This bar continues to overshadow and would likely damp buyers efforts in days to come.

Latest Ethereum News

Trading at around $205, ETH is a valuable and a sought-after digital asset. Unlike traditional assets, ETH exists in the inter-web and hot wallets are therefore honey pots for hackers. According to Sagasec, a Cyber security firm that was contracted by MyEtherWallet to oversee the security of the Ether storage platform, the wallets is definitely in the hackers cross hairs. Their statistics indicates that they wade off as much as 40 attacks per week according to reports.

Attack vectors vary from fake MyEtherWallet websites to dubious social media advertisements or re-direction from emails targeting gullible ETH coin owners. Regardless, Sagasec has been largely successful. So far, there havent been any cases of account holders complaining of lost funds through malicious hacks. This pales in comparison with those of exchanges. Crypto exchanges have so far managed to print more than $550 million in losses.

While MEW is doing a wonderful job, the value of ETHdifferent from price is a subject of contention. It appears as if Jeremy Rubin did trigger an important topic in the blockchain realm. With his economic abstraction argument and projection that ETH might spiral down to zero, argument is now moving to the reservation demand of ETH. In economics, the reservation demand is how long the owner of currency is willing to hold before exchanging it for goods or service. Economists argue that the recent sell off is sparked mainly by ICO fund managers liquidating their DA fueling the selling frenzy. This means at the moment the reservation demand of ETH is low as ICO project managers arent willing to risk stalling their project as ETH prices tank.

Ethereum Price Predictions

Weekly Ethereum Price Charts

On a weekly basis, ETH is on a recovery path. From the level of market participation in the last week, chances are we might see confirmations. Cementing this assertion is the marked increase in tra...

11:55

Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet Bitcoin News

Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet

The bitcoin security specialists Wizsec has recently explained to the public that the wallet that held more than 111,000 BTC did not derive from the Silk Road marketplace, and its also not one of the Mt Gox wallets. Further Wizsec detailed today that a recent article had quoted the organization by cherry-picking quotes which in turn created an editorial that has bolstered unneeded fear, uncertainty, and doubt (FUD).

Also Read: North Queensland is Becoming a Hub of BCH Accepting Businesses

With All the Hype Over the Last few Weeks, the 111,000 BTC Wallet Could Be Meaningless

Security Specialist Wizsec Gives Insight on the Billion Dollar BTC Wallet Bitcoin security specialists Wizsec.

Over the last few weeks, cryptocurrency enthusiasts have been discussing a large amount of BTC that has moved from an old wallet onto a few popular trading platforms. Many people including the person who ...

11:44

Ripple Could Launch xRapid Solution In the Next Month or So, Says Exec Cointelegraph.com News

Ripples Sagar Sarbhai is confident that the company will launch a commercial application of its xRapid solution "in the next month or so"

11:32

Major Content Delivery Network Introduces Decentralized Content Gateway Cointelegraph.com News

Major U.S. content delivery network CloudFlare introduces a new decentralized content gateway

11:15

$414 Billion Alibabas Jack Ma: Blockchain Needs to Target Manufacturing Industry News CCN

At World AI Conference 2018, Jack Ma, the co-founder and chairman of $414 billion e-commerce conglomerate Alibaba, stated that artificial intelligence (AI), blockchain, and Internet of Things (IoT) can all become meaningless if they fail to target the manufacturing industry. AI, Blockchain and IoT will be meaningless tech unless they can promote the transformation of Continued

The post $414 Billion Alibabas Jack Ma: Blockchain Needs to Target Manufacturing Industry appeared first on CCN

11:00

WEF: Blockchain Could Help Address the Planets Environmental Issues NewsBTC

According to a World Economic Forum (WEF) report, blockchain could be used to help tackle the most pressing environmental concerns faced by the planet. The document states that the distribute ledger system could help address climate change, biodiversity issues, and scarcity of water.

Could Blockchain Save the World?

The World Economic Forum (WEF) has produced a report on how blockchain could be used to help protect the planets environment.

Building Block(chain)s for a Better Planet is part of a series of papers exploring the implications of emerging technologies and how they can impact global society. Other reports in the collection focus on Internet of Things (IoT), virtual reality, and artificial intelligence. The document is a collaboration between international accountancy firm PwC and the American Stanford Woods Institute for the Environment.

The report identifies that the planet is amid an unprecedented environmental systems change. This has been caused by surging economic activity since the middle of the twentieth century.

WEF claim that such conditions present a clear opportunity to use blockchain and other technological innovations to combat six of the most pressing environmental dangers facing life on earth. These are: climate change, natural disasters, biodiversity loss, ocean-health deterioration, air pollution, and water scarcity.

Throughout the document, as many as 65 different applications of blockchain technology are identified as being able to help alleviate those environmental issues mentioned previously. It goes on to state that blockchain was particularly useful in examples where it enables:

  cleaner and more efficient decentralized systems; peer-to-peer trading of resources or permits; supply-chain transparency and management; new financing models for environmental outcomes; and the realization of non-financial value and natural capital.

The report also states that the opportunities presented by blockchain technology could allow for the monetisation of value that is currently embedded (but unrealised) in environmental systems. The authors go on to allege that the technology could fill such a gap in the market.

The WEF are careful to note that such changes do not happen on their own. Rather they need to be implemented through collaboration between various participants. These include policy-makers and technologists. The group believes that such a joint effort, assisted by cutting-edge technology, could create a sustainability revolution.

The WEF is a non-profit organisation that is based in Switzerland. The think tank aims to unite the foremost political, business, and other...

10:34

Crypto Markets Drop Sharply, Ethereum Loses Weeks Earlier Gains Cointelegraph.com News

Crypto markets drop sharply, Bitcoin plunges $200 down within a few hours, Ethereum is below $200 again

10:15

Ethereum Wallets are Enabling Transaction Scheduling, Killer Feature News CCN

MyCrypto, a non-custodial Ethereum and ERC20 token wallet created by the co-founder of MyEtherWallet, has integrated a feature that enables Ethereum users to schedule ETH transactions ahead of time. On MyCrypto, an open-source wallet that is structurally similar to MyEtherWallet, users can connect hardware wallets like Trezor and other non-custodial wallets such as MetaMask to Continued

The post Ethereum Wallets are Enabling Transaction Scheduling, Killer Feature appeared first on CCN

10:02

Monero, EOS, Stellar Lumens, Tron, Litecoin Price Analysis: Altcoins Finds a Ceiling, Drops 7% in the Last Day NewsBTC

As expected, altcoins prices are slowing down after periods of sustained bullish attempts in the second half of last week. As it this, there sellers are running reign in most coins under our preview.  Needless to say, week ending Sep 9 and Sep 5 bearish engulfing pattern is a definite price damp for buyers. All in all, should prices move above $9 in EOS, $70 in Litecoin, 25 cents in Stellar Lumens and $150 in Monero, then we shall have a trend continuation pattern. In that case, our immediate bull targets might be hit.

Lets have a look at these charts:

EOS Price Analysis

Latest EOS News

  • That the blockchain development is still in development is understandable. However, propping up excuses with such claims is not acceptable. Thats at least not from an average investor who buys and holds the token in hopes of a better return. Trybe is getting a backlash, spewing speculations that the EOSIO network may after all have back-doors allowing token issuers to access user accounts and do as they deem fit. Its the mutability factor thats present in EOS and voted so as to improve governance and oversight from rogue elements that may hamper investment in EOS and their dApps as its definitely a cause of concern.

EOS Price Prediction

Still, EOS is the fifth most capitalized coin the crypto verse and yesterday, prices were stable. Capping gains is Sep 13 bullish engulfing bar with obvious resistance which triggered buys late last week.

If anything, the fact that EOS prices did collapse after periods of moving within a tight trading ranges with ceiling at $5.5 did fade last EOS price predictions.

Furthermore, unless otherwise there are strong gains above reversing Sep 5 losses, then yesterdays dip is but another case of effort versus result situation printing in a deep bear trend and weighing against EOS buyers.

Litecoin Price Analysis

Latest Litecoin News

  • After getting endorsement from BCH founder and evangelist, Roger Ver, DOBI Tradea Chinese crypto exchange did list LTC pumping the average trade volume in the process. DOBI Trade is well known in the Chinese crypto space and their collaboration with Chuangyua technology company in China thrusted it to the limelight.
...

09:55

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders Bitcoin News

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto Traders

Two major South Korean cryptocurrency exchanges have announced that they will no longer allow unverified users to make withdrawals in Korean won. Starting next month, users of Bithumb and Coinone must have verified real-name accounts in order to deposit and withdraw the fiat currency.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Bithumb Goes All Real-Name

Bithumb and Coinone Terminating Fiat Withdrawals for Unverified Crypto TradersBithumb, the largest crypto exchange by trading volume in South Korea, announced on Friday, Sept. 14, that it will terminate fiat withdrawal service for all users without verified real-name accounts.

The service will end on Oct. 1 for corporate members and on Oct. 15 for individual members. Bithumb says the move is to comply with the governments anti-money laundering policy.

However, the exchange clarified that this announcement only affects fiat withdrawals, emphasizing:

...

09:15

Bullish on Blockchain: Georgia Universities to Offer Fintech Degree Programs News CCN

The University System of Georgia (USG) announced the launch of a state-wide fintech academy on on Sept. 11. It is the largest education effort of its kind in the United States. While individual universities have offered blockchain courses, such as Stanford and NYU, Georgia is opening the program to all current students across all colleges Continued

The post Bullish on Blockchain: Georgia Universities to Offer Fintech Degree Programs appeared first on CCN

09:04

American National Standards Institute to Address Blockchain at Upcoming Forum Cointelegraph.com News

The American National Standards Institute will focus on blockchain and AI application and development issues at the next Legal Issues and Joint Member Forum

08:47

Newsflash: Ethereum Price Drops Below $200 in Double-Digit Rout News CCN

The ethereum price dropped back down below the $200 mark on Monday, as the second-largest cryptocurrency endured yet another double-digit rout. ETH had been on a moderately-ascendant trajectory since briefly dropping below $175 last week, crossing $225 at one point over the weekend and, despite some early morning losses, holding the $200 line leading into Continued

The post Newsflash: Ethereum Price Drops Below $200 in Double-Digit Rout appeared first on CCN

08:14

Spanish Autonomous Community of Aragon to Become First in Country to Apply Blockchain Cointelegraph.com News

A Spanish blockchain company will develop blockchain solutions for the Aragonese governments public administration

08:11

Bitfinex Launches Decentralized Ethereum Trading Platform Ethfinex News CCN

Bitfinex has launched an Ethereum-based hybrid cryptocurrency exchange called Ethfinex Trustless to give traders more security, privacy and control of their funds, marking the foundation of what the exchange hopes will be a completely decentralized trading model. The platform utilizes Ethfinex, which links centralized and off-chain orders books to gives users full control of their

The post Bitfinex Launches Decentralized Ethereum Trading Platform Ethfinex appeared first on CCN

07:55

More Banks Sanctioned for AML, Fraud-Related Violations Bitcoin News

More Banks Sanctioned for AML, Fraud-Related Violations

When societies discuss cryptocurrencies, the argument that the decentralized and unregulated nature of the crypto space leaves the door open to abuse, like money laundering and financial fraud, is often put forward by officials and authorities. However, a string of cases involving precisely these sins, and many, many banks, show that regulations are largely ineffective in preventing this type of violations, especially when they are committed by the big traditional players.

Also read: Netherlands Largest Bank ING Group Fined $900M for Money Laundering

Credit Suisse Investigated for Money Laundering in Corruption Cases

More Banks Sanctioned for AML, Fraud-Related ViolationsAffairs, probes, fines, resignations over the past weeks, weve often seen these words in headlines, right next to some of the most reco...

07:47

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 17 Cointelegraph.com News

With about $1 billion worth of cryptocurrencies expected to be dumped by Mt. Goxs creditors soon, what should we expect from the prices? Lets check the charts

07:20

Ether Just Erased Half of Last Week's 35% Rally CoinDesk

The world's second-largest cryptocurrency, ether (ETH), erased half of last week's rally today amid a broader market sell-off.

07:13

100m twins from south London created cryptocurrency in mums kitchen. "IndyWatch Feed Africa"

Identical twins who grew up in a tough south London neighbourhood became multi-millionaires by designing one of the worlds leading More

07:07

Litecoin a Significantly Overvalued Relic, Cryptocurrency Hedge Fund Claims News CCN

Proponents of litecoin, the seventh-largest cryptocurrency, have long touted it as silver to bitcoins gold, the medium of exchange to BTCs store of value. Much like physical silver, though, litecoin currently trades well below its all-time high, having plunged to about $55 from a peak of $358. However, according to cryptocurrency hedge fund Multicoin Capital,

The post Litecoin a Significantly Overvalued Relic, Cryptocurrency Hedge Fund Claims appeared first on CCN

07:00

Hackers Find Goldmine by Cryptojacking Indian Government Websites NewsBTC

As the Indian government further complicates their stance on whether or not citizens should be allowed to trade and own cryptocurrencies, hackers have found a way to exploit government websites in order to make a fortune in cryptocurrency through a popular hack called cryptojacking.

A team of security researchers have found that multiple government owned websites are being exploited to secretly mine cryptocurrency from unsuspecting computers. These include the director of municipal administrations website and Tirupati Municipal Corporations site, among hundreds of others.

Cryptojacking has become an increasingly popular way for hackers to acquire cryptocurrency by using the computing power of unsuspecting site visitors to mine various cryptos. By using a malicious code embedded in the links to websites, hackers can infect a computer in order to utilize the maximum computing power of the infected computer.

Security researcher, Indrajeet Bhuyan, spoke about the prevalence of this code on Indian government websites, saying that:

Hackers target government websites for mining cryptocurrency because those websites get high traffic and mostly people trust them. Now, injecting cryptojackers is more fashionable as the hacker can make money.

Report Comes Amidst Increasing Popularity of Cryptojacking  

Last month, a report from U.S.-based security firm, Palo Alto Networks, confirmed that cryptojackings popularity is surging, coinciding with the increase in cryptocurrencys popularity. The popularity of these attacks stems from the discreetness of the malicious code, as well as the supposed victimless nature of the crime.

Although the hacks may initially seem to be harmless, they can pose significant threats to the well-being of infected computers. A report by Russian security firm Kaspersky Labs found that unwarranted cryptocurrency mining can damage the internals and externals of a computer, especially laptops.

The report found that after two days of heavily mining Monero on an unsuspecting computer, the infected device showed physical signs of damage, including a deformed laptop shell due to an expanding battery.

The researcher conducting the research at Palo Alto Networks said that Monero (XMR) is the most popular cryptocurrency mined by cryptojackers, due to its anonymity features. The report notes that:

By querying the mining pools themselves, instead of the blockchain, were able t...

06:37

Crypto Wallet Protection App Wants to Secure Your Wallets Against Malware Bitcoin Magazine

Crypto Wallet Protection App Wants to Secure Your Wallets Against Malware

Malware, a persistent thorn in the side of the internets wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers to rob community members of their funds. One program, dubbed the clipboard hijacker, for instance, operates by secretly gaining control of a Windows devices running memory. It then replaces the Bitcoin address copied into a users clipboard with the address of the attacker, leading the user to unwittingly transfers funds to the hacker.

New Jerseybased BlockSafe Technologies is determined to make mobile crypto wallets more secure with a mobile wallet protection app called the CryptoDefender. According to the company, the CryptoDefender mobile app proactively prevents keylogging malware from stealing your cryptocurrency wallet login details.

The mobile app, which has a desktop version, is loaded with a host of features including a password generator that creates and stores strong passwords, a password vault for encrypting and storing passwords securely, a secure browser and an OATH-complaint one-time password (OTP) generator for websites that allows for two-factor authentication.

Proactive Defense

George Waller, who serves as the CEO of BlockSafe and the co-founder of cybersecurity outfit StrikeForce Technologies, played a pivotal role in introducing out-of-band authentication and keystroke encryption to the marketplace. He has also held management roles at RxRemedy, TeachMeIT and HealthSCOUT.

Speaking with Bitcoin Magazine, Waller said the threat posed by bad actors and malware is one of the biggest barriers to the mass adoption of cryptocurrency.

Wallets are very vulnerable and insecure, with an average of $9 million stolen every day. By far, those most at risk of becoming victims at the hands of bad actors are those without IT teams, sophisticated cybersecurity tools, or the experience to understand how great the risk can really be, he remarked.

The best targets to steal crypto from are the everyday investors, the folks that did the research and took the chance of investing their hard-earned dollars in an emerging and revolutionary technology, and as blockchain cybersecurity experts, we simply wont stand idly by while the community that is...

06:30

Cryptojacking Scripts Found on Local Indian Government Sites CoinDesk

Municipal government websites in Andhra Pradesh are running cryptojacking scripts, a group of security researchers found earlier this month.

06:10

Fmr. SpaceX Engineer Launches Institutional-Grade Cryptocurrency Exchange News CCN

As an engineer at SpaceX, Joshua Greenwald was charged with spearheading automation and propulsion on the aerospace startups Moonraker project. Now, he is directing his efforts toward a radically different industry, albeit one that also has lunar ambitions. Greenwald, who spent more than a decade as a trader prior to his stint at SpaceX, has

The post Fmr. SpaceX Engineer Launches Institutional-Grade Cryptocurrency Exchange appeared first on CCN

06:00

Zimbabwes New Finance Minister Advocates Government Cryptocurrency Unit NewsBTC

The newly appointed Finance Minister of Zimbabwe is pushing for the formation of a cryptocurrency unit to help guide government policy relating to the technological and financial innovation. Mthuli Ncube also believes that the nation should pursue investments in the space.

Will Zimbabwe Start Buying Cryptocurrency?

According to a report in local news publication ItWebAfrica, the newly appointed Zimbabwean Finance Minister, Mthuli Ncube, believes that the answer to the nations ongoing financial woes could be cryptocurrency. He said:

Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies. But there are other countries which are moving faster. If you look at the Swiss central bank they are investing in- and understanding bitcoin.

In recent memory, Zimbabwe has been struggling to recover from the fallout of a severe bout of hyperinflation. On top of this, a liquidity crunch along with general shortages of cash have largely been caused by diminishing Nosotro accounts.

Exacerbating these struggles is a declining demand for Zimbabwean exports and the government has been financing spending with an over-issuance of Treasury Bills. This has meant that banks have been forced to impose withdrawal limits, causing people to struggle to access any money they might have saved. The shortage of cash in Zimbabwe has forced citizens to travel out of the nation to neighbouring South Africa and Botswana. There they are able to access international banks.

To remedy the extensive troubles faced in Zimbabwe, Ncube feels that the government needs to explore Bitcoin with a designated cryptocurrency unit. He went on to state that Zimbabwe needed to look at the example set by other nations to alleviate the economic hardships faced in his country. If some countries are interested in digital assets then so too should Zimbabwe:

One can pay for travel using bitcoin in Switzerland. So, if these countries can see value in this and where its headed, we should also pay attention. We have innovative youngsters so the idea shouldnt be to stop it and say dont do this, but rather the regulators should invest in catching up with them and find ways to understand it, then you regulate it because you now understand it.

From what Ncube has stated, it sounds that he wants to see the Zimbabwean government actually buying Bitcoin. That said, it is unclear for now if that is what he meant or he simply feels that the nation needs to explore potential revenue streams surrounding the industry.

If it transpires that the government wants to hold...

05:55

Custodial vs Non-Custodial Crypto Swap: Which Offers the Best Exchange Rate? Bitcoin News

Custodial vs Non-Custodial Crypto Swap: Which Offers the Best Exchange Rate?

If youre planning to swap between cryptocurrencies, there is no shortage of options. Many people will use a centralized exchange such as Binance, but there are also non-custodial solutions such as Flyp.me. There are pros and cons to both models in terms of privacy, speed, and value for the money. The following review will focus solely on the latter, with a view to determining which exchange mechanism offers the best value for money.

Also read: Four Alternatives to Shapeshift

If Youre Regularly Swapping Between Cryptos, Know Your Options

When youre cashing out into fiat, or swapping between cryptos, every satoshi counts. This is particularly true for freelancers who are paid monthly in cryptocurrency and then obliged to cash out a lump sum to cover living expenses. Some professionals who are paid in ETH, for instance, will immediately switch to BTC, before selling what they need to through Localbitcoins.com. For the purposes of this review, well consider the exchange rate when swapping a small amount of ETH to BCH ($100) and a larger amount of ETH to BTC ($2,000).

The Small Swap

...

05:00

Ukrainian Parliament Proposes Taxing Crypto-Related Profits CoinDesk

The Ukrainian parliament has introduced a bill outlining taxes on cryptocurrency-related profits.

05:00

Elon Musk Fed Up with Twitter Crypto Scams, Turns to Dogecoin Creator for Help NewsBTC

Eccentric tech entrepreneur and founder of Space X and electric vehicle manufacturer Tesla Motors, Elon Musk, is reportedly getting fed up with the cryptocurrency giveaway scam bots that have been plaguing popular social media platform Twitter for the better part of a year.

As a result, he has turned to the creator of the cryptocurrency Dogecoin to seek a solution to the ongoing issue.

Elon Musk Asks Dogecoin Creator Jackson Palmer for Help

The widespread prevalence and frequency of Twitter spambots promoting fake cryptocurrency giveaway scams has finally got to Elon Musk, according to recent public comments he made via his Twitter account.

Musk tweeted at Jackson Palmer, the founder of the Dogecoin meme cryptocurrency, asking if he can help get rid of the annoying scam spammers, saying it would be much appreciated. Musks comment may have also contained a tongue-in-cheek nod to Dogecoin. Dogecoin was created as a joke to honor the Shiba Inu dog meme that often uses the term much wow.

Palmer had previously developed a script to block the scam bots in the past, sharing the code with Musk, claiming its short, simple and you just run it with cron somewhere.

Palmer turned the conversation toward Twitter itself, suggesting Jack Dorsey, Twitter CEO, and his team should definitely automate and fix this problem on their end.

Elon Musk: From Impressed to Annoyed

Musk is among the tech industry figure heads often impersonated by Twitter scam bots. Others include Changpeng Zhao, Binance CEO, actor William Shatner, and even United States President Donald Trump. Many have been forced to include not giving away cryptocurrency in their Twitter usernames to try and save investors from being duped.

Musk recently tweeted, appearing impressed by the scam bots, saying they had mad skillz. It didnt take long, however, for Musks amusement to turn into annoyance.

The public social media conversation caught the attention of Ethereum founder Vitalik Buterin who replied to Musk imploring Dorsey to help us please.

Twitter Not Doing Enough to Protect Users

...

04:55

Elon Musk Asks Dogecoin Creator to Help Fight Crypto Scam Bots on Twitter Cointelegraph.com News

Elon Musk, previously amused by Twitter scam bots, now finds them annoying, asks Dogecoin founder for help

04:54

What SEC Chairman Jay Claytons New Statement Means for Ethereum News CCN

A new statement issued by Securities and Exchange Commission (SEC) Chairman Jay Clayton has some within the cryptocurrency community questioning whether the agency could change its tune on ether the native currency of Ethereum which a top official previously said should not be regulated as a security. SEC Chair: Staff Guidance Non-Binding Clayton,

The post What SEC Chairman Jay Claytons New Statement Means for Ethereum appeared first on CCN

04:00

Ethereum Dapp Bancor Is Expanding to EOS for Fast, Free Transactions CoinDesk

Bancor has announced plans to launch on EOS, expanding its decentralized token exchange protocol to a second blockchain.

04:00

Ripples XRP Product xRapid May Go Live in the Next Month NewsBTC

Ripples settlement system that uses a combination of blockchain and cryptocurrency technologies may be going live within the next month or so, according to a statement from a company executive.

The product, which utilizes XRP to complete real-time cross border settlements, has already struck some high-profile partnerships, and many investors see it as the main use case of XRP.

While speaking to CNBC, Sagar Sarbhai, Ripples head of regulatory relations for Asia-Pacific and the Middle East, said that the company has made significant progress towards the official launch of its xRapid product, and that it will only be a short matter of time before the product goes live.

During the interview, Sarbhai said that:

I am very confident that in the next one month or so you will see some good news coming in where we launch the product live in production.

xRapid is unique from Ripples other blockchain-based settlement system, xCurrent, in that it utilizes XRP and the XRP ledger in order to facilitate cheap and instant cross border transactions, with the product being specifically marketed towards banks and other financial institutions.

The product allows a group, like a bank, to convert their fiat currency to XRP, which is then sent to the receiving party, and quickly converted to the receiving partys fiat currency. This system completes these processes automatically, allowing fiat currency to be converted and moved to anywhere in the world in an incredibly short amount of time as compared to current settlement systems.

Many XRP detractors claim that the xRapid system will not be widely adopted by banks and other financial institutions, and that its creation was the companys attempt to create a use case for XRP, which is closely related to the company. That being said, the company has signed on some major partners to work with their xRapid system in beta, including Santander Bank, American Express, MoneyGram, Western Union, and SBI Japan.

These partnerships in their current state are trial runs with xRapid or with xCurrent, but Ripple is confident that many of the companys xCurrent customers will eventually move to xRapid.

Sarbhai also said in the interview that more than 120 banks and financial institutions are currently partnered with Ripple in order to utilize their suite of blockchain products to increase the efficiency of their settlement systems through the use of xCurrent.

Rumors Surfaced Regarding a New Ripple Product

Recently,...

03:55

Seoul-Based Food Delivery Service Now Accepts Bitcoin Cash Bitcoin News

Seoul-Based Food Delivery Service Now Accepts Bitcoin Cash

This week Bitcoin Cash (BCH) fans were pleased to hear another well-known merchant is now supporting BCH for payments. The South Korea-based food dispatch platform called Shuttle Delivery now accepts BCH for door-to-door meal deliveries throughout the Seoul region.

Also read: Gemini Dollar Code Review Reveals the Stablecoins Accounts Can Be Frozen

Food Service Shuttle Delivery in South Korea Now Accepts Bitcoin Cash

Seoul-Based Food Delivery Service Now Accepts Bitcoin CashPeople visiting and residents of the Seoul region in South Korea can now use bitcoin cash to pay for tasty cuisine delivered straight to their door. The firm, Shuttle Delivery, is a South Korean food delivery platform that people can use to order meals with their mobile devices. The application is available in Korean and English and for both Android mobile phones and iOS as well. Shuttle Delivery not only accepts traditional credit cards and Paypal but yesterday, on September 16, a website update revealed that it offers full bitcoin cash acceptance. The Shuttle Delivery application connects BCH users in South Korea to 200+ local restaurants.

Shuttle Delivery provides delivery services from a variety of Seouls best resta...

03:52

Dogecoin Creator Helps Elon Musk Eliminate Ethereum Scammers on Twitter News CCN

Elon Musk, the acclaimed founder and CEO of Tesla and SpaceX, recently reached out to Dogecoin creator and Adobe product lead Jackson Palmer to eliminate Ethereum giveaway scammers on Twitter. For many months, ETH giveaway scams have plagued Twitter by spamming messages on the feed of public figures in and outside of the crypto sector

The post Dogecoin Creator Helps Elon Musk Eliminate Ethereum Scammers on Twitter appeared first on CCN

02:51

Bitcoin Price Intraday Analysis: BTC/USD Wedge Support Broken News CCN

Bitcoin price on Monday depreciated against the US Dollar after consolidating sideways for the whole Asian and European sessions. The BTC/USD at the beginning of the US trading hours formed lower lows towards 6239-fiat. Before that, the pair was trading sideways owing to minimal momentum. It kickstarted the Asian session with just shy of 6500-fiat

The post Bitcoin Price Intraday Analysis: BTC/USD Wedge Support Broken appeared first on CCN

02:50

Back of the Net: Cryptocurrency Stands to Win Big in the Football Sector Cointelegraph.com News

Token gesture: Football token offering from PSG is the next step in blockchains entrance into global football

02:25

BBVA Executive: Cryptocurrencies Are Perfect, But Often Used for Illicit Activities Cointelegraph.com News

Though cryptocurrencies are perfect, they have to be better understood, as the world is going through a digital revolution, BBVA executive chairman says

02:02

Some More Merit (MRT) Invites Available, Start Mining Now Crypto Mining Blog

Some more invites are available for the invite-only Merit project that we have introduced a while ago, so if you are interested in it and want to give it a try mining or using, then feel free to apply using the link below. Merit (MRT) coins can still only be mined with Nvidia GPUs, though AMD miner is in the works for a while now, there is already a third-parity Merit CUDA miner available with more options that you can try as well. Merit has its own trading market (MRT-BTC) with escrow that works fast and is really reliable, so you can buy and sell coins on the market. Since it is invite only and invites need to be mined and it is not yet listed on any major exchange, Merit is still kind of under the radar, but the last few weeks there has been a significant growth with increased interest and more people joining the project. We have a limited number of invites available to give away, so please do not waste them, we are going to send invites as soon as possible on a first-come, first-served basis. Sending multiple invite requests will not get you accepted faster, in fact will have the opposite effect of not getting you invited at all!

Click here to get your invite and register a wallet at Merit in order to be able to try it out

01:55

North Queensland is Becoming a Hub of BCH Accepting Businesses Bitcoin News

The northern part of the Australian state, Queensland, is bustling with cryptocurrency energy. The region is extremely passionate towards one specific decentralized peer-to-peer electronic currency bitcoin cash (BCH). 

Also Read: Netherlands Largest Bank ING Group Fined $900M for Money Laundering

North Queensland Bitcoin Cash Merchant Adoption Expanded 52% Last Month

North Queensland is Becoming a Hub of BCH Accepting BusinessesOver the last few months, a few bitcoin cash proponents have been spreading a lot of BCH adoption in the North Queensland region in Australia. North Queensland is a very large area with its own distinctive regional character within the massive state of Queensland. Anyone who frequents the Reddit forum r/btc, have probably noticed many posts showing BCH adoption taking place in the region. 

North Queensland has its own Bitcoin Cash meetup, its home to the countrys first BCH-only automated teller machine, and right now the area has a lot of BCH accepting merchants. This week, using the mobile application...

01:42

Nasdaq is Acquiring Crypto-Friendly Swedish Fintech Cinnober News CCN

Editors Note 18/Sep 07:55 a.m: The article has been amended to clarify that Cinnober is a trading solution provider to marketplaces and clearinghouses, not an exchange itself as suggested previously. Nasdaq, the worlds second-largest stock exchange, announced Friday that it is in the works to acquire Cinnober, a trading solution provider based in Sweden. Cinnober

The post Nasdaq is Acquiring Crypto-Friendly Swedish Fintech Cinnober appeared first on CCN

01:35

Alibaba's Jack Ma: Blockchain Will Be 'Meaningless' Unless It Helps Build Greener Future Cointelegraph.com News

Alibaba founder Jack Ma says blockchain will be meaningless tech unless it can help evolve society and the manufacturing industry in a greener and more inclusive direction

01:30

Cloudflare Launches Decentralized Web Gateway at Its First 'Crypto Week' CoinDesk

Cloudflare intends to announce a new cryptography-related product every day this week. The first: a gateway to access the InterPlanetary File System.

00:58

Ripple Says XRP Product Will Go Live in Next Month or so News CCN

Ripples long-anticipated cryptocurrency product, which aims to make XRP the asset of choice for cross-border settlements between financial institutions, is finally nearing production via an actual commercial application. Sagar Sarbhai, who heads Ripples regulatory relations in the Asia-Pacific and Middle East regions, told CNBC that the firm believes this product, dubbed xRapid, could launch in

The post Ripple Says XRP Product Will Go Live in Next Month or so appeared first on CCN

00:00

Blockchain Can Help Solve Swathe of Environmental Issues, Says WEF Study CoinDesk

Research by the World Economic Forum and PwC has identified over 65 ways blockchain could address some of the most urgent environmental challenges.

Monday, 17 September

23:57

Crypto Market Steadies at $202 Billion. Low Bitcoin Volume Remains a Concern News CCN

Over the past 24 hours, the crypto market has consistently demonstrated stability in the $202 billion region, as Bitcoin and Ethereum remained above $6,400 and $220. Yesterday, on September 16, CCN reported that the volume of Bitcoin is a concern, as it recorded nearly 30 percent drop in volume in a period of three days.

The post Crypto Market Steadies at $202 Billion. Low Bitcoin Volume Remains a Concern appeared first on CCN

23:55

The Secret to Better Government Is Less Government Bitcoin News

The Secret to Better Government Is Less Government

Governments. Cant live with them, cant live without them, right? From first world countries to war-torn hellholes, bemoaning politicians is de rigueur. Yet for all their flaws, we tend to view our elected officials as a necessary evil, for if they werent in office, the country would descend into anarchy. At least thats what weve always been told. The history books, however, would demur.

Also read: Japanese Regulator Unveils Crypto Regulation Updates

Less Laws, More Living

589 days. Thats how long Belgian residents were forced to live without an elected government between 2010 and 2011. Due to disagreements between the Flemish and Walloons, a coalition could not be formed. While the two parties fought out their many differences, a former prime minister oversaw a bare bones government that handled the basic day-to-day operations.

The Secret to Better Government Is Less Government

Apocalyptic predictions abounded of what would happen to the rudderless country. A debt crisis would be inevitable, doom-mongers asserted. The fallout would affect Europe, they foretold. There would be anarchy. Chaos. Blood i...

23:55

Ripple's Sarbhai: Regulators No Longer Take the 'Blockchain Good, Crypto Bad' Approach Cointelegraph.com News

Ripples Sagar Sarbhai has said he believes that the blockchain good, crypto bad narrative is losing traction among regulators globally

23:50

Dubai Police Chief: Digital Currency Will Soon Replace Cash Despite Hurdles Cointelegraph.com News

UAE should develop statewide cryptocurrency, says law enforcement officials and experts

23:30

No Plans to Regulate Cryptocurrency From UK Government NewsBTC

The recent reports regarding the crypto situation in the UK indicate that the countrys government has yet to make a formal assessment of potential consequences of the changes in the value of numerous cryptocurrencies.

The Consequences of Crypto Price Swings Have yet to Be Determined

As cryptocurrencies continue to expand and conquer the world of finances, numerous countries governments are questioning the influence of the new technology. The UK is no different, and the question of what consequences digital currencies might have on certain sectors of the economy remains open for debate.

However, the last few weeks have seen significant swings in the prices of many cryptos, usually led by Bitcoin (BTC) itself. Because of this, Warwicks Lord Taylor asked for the Governments assessment of the new reports regarding the crypto situation in the UK. Lord Taylor wanted to know what potential effects these events might have on the blockchain industry in the UK according to reports.

However, the answer provided by the Department for International Developments Minister of State, Lord Bates, did not exactly answer this. According to Lord Bates, The Government has yet to make any sort of formal assessment of the implications that the value swings might have in the UK. Even so, Lord Bates reassures that the Government is, and will continue to, closely track all crypto-related developments.

Lord Bates also took the opportunity to remind everyone that the Cryptoassets Taskforce was launched in March. The Taskforce consists of the Bank of England, HM Treasury, as well as the Financial Conduct Authority. Its goal is considering various potential benefits and risks regarding the crypto assets and blockchain technology. Additionally, they are also tasked with making assessments regarding what possible regulation is needed to respond to the new crypto-related situation. As such, the report will come from them sometime in the Autumn.

UK Has No Plans to Regulate, Launch, or Adopt Cryptos

Additionally, less than a week earlier, HM Treasurys Economic Secretary, John Glen, stated that the launcher of the Taskforce, Chancellor of the Exchequer, did not have a formal discussion regarding the new crypto situation with the Bank of England. He also stated that the Bank of England has no official plans to make a new bank-backed cryptocurrency. Even so, the Bank did research the topic, as well as any potential implications of actually launching one.

Glen answered similar questions back in March of this year. On that occasion, he stated th...

23:15

Binance to [Beta] Launch Singapore Fiat Crypto Exchange Tomorrow News CCN

Binance is set to unveil a fiat currency exchange that will be based in Singapore. This was revealed by CEO Changpeng Zhao over the weekend while speaking at the Cumberland Summit, a blockchain event in Singapore. Zhao further revealed that the new exchange is currently under an invitation-only beta testing phase. After making the announcement

The post Binance to [Beta] Launch Singapore Fiat Crypto Exchange Tomorrow appeared first on CCN

22:59

Galaxy Capital Leads $16 Million Funding for Crypto Project Caspian CoinDesk

Caspian, a project aimed at giving crypto traders better tools, has attracted $16 million in funding from top industry investors.

22:22

Former SpaceX Engineer Targets Consumer Traders With His LXDX Crypto Exchange Cointelegraph.com News

Joshua Greenwald, formerly a SpaceX engineer, plans to expand the market reach of his LXDX crypto exchange

22:19

LGs Mobile Carrier to Offer Blockchain Payments for International Travelers News CCN

LG Uplus, the cellular carrier subsidiary of South Korean conglomerate LG Corp., is set to trial a cross-carrier blockchain payments service for overseas travelers. Dubbed the Cross-Carrier Payment System (CCPS), the project sees the LG mobile carrier arm collaborate with partners in Japan, Taiwan and the United States to enable global mobile payment services among

The post LGs Mobile Carrier to Offer Blockchain Payments for International Travelers appeared first on CCN

22:00

US Court Seizes Lambo, Crypto Millions from Dead Dark Web Kingpin CoinDesk

The U.S. Department of Justice has won the right to confiscate money and items Alexandre Cazes enjoyed from his dark web e-commerce empire's riches.

22:00

Committed Crypto Enthusiast Embarks On 21-Day Bitcoin Challenge NewsBTC

Despite Chinas crypto crackdown, a Chinese cryptocurrency enthusiast recently embarked on a twenty-one-day journey to survive solely on a small stash of Bitcoin, no more, no less.

21 Days, 0.21 Bitcoin

When it comes to cryptocurrency diehards, there isnt anyone as committed as China-based crypto proponent He You Bing, who recently took to Chinas streets to begin her 21-day challenge that revolves around the day-to-day use of Bitcoin. Oddly enough, the You Bing part of her name is colloquially used as an insult, as the two Chinese characters can be read as having a disease/problem, while her whole name, as TechCrunch puts it, alludes to the girls over-enthusiasm for bitcoin.

Regardless, as chronicled on iQiyi, one of Chinas Netflix equivalents, He You Bing is supposed to survive for 21 days on only 0.21 Bitcoin, or $1,350 at the time of writing, with her self-imposed rules dictating that she couldnt have anything on her person at the start of the challenge except for her phone. The initial goal was for her to obtain a sufficient amount of food, proper accommodation, and the basic necessities all via a Bitcoin wallet on her phone, all while being situated in Beijing and Shenzhen, two booming metropolises on the east coast of China.

And although the challenge is nearing its end now, it is interesting to look back at her unique, yet eye-opening experience.

At first, the enthusiast ran into some issues, to put it lightly, with virtually all of the vendors she approached revealing that they do not accept Bitcoin or crypto assets in general, nor understand the concept of what cryptocurrencies are and what they do.

Moreover, her first win, so to speak, wasnt even related to Bitcoin, as she found an unlocked rental bike that she used to traverse around Beijing. As such, she had to survive on ketchup packets and supermarket sample products, while sleeping at a fast food restaurant on her first day out in the concrete jungle.

Surprisingly, the trials and tribulations of the first day didnt make her second and third day any better, in fact, it can be argued that those days turned out to be much worse, as she ended up in the hospital from a lack of nutrition and a stomach illness from foraged fruits and a leftover burger. But as He You Bings story gained traction across the Chinese intranet, other enthusiasts like herself began to flock to her side, with over 3,000 individuals forming...

21:55

The Daily: Wirex Expands to Canada, Coin Stats Syncs Exchange Transactions Bitcoin News

The Daily: Wirex Expands to Canada, Coin Stats Syncs Exchange Transactions

Wirex, the popular European crypto card provider, has announced its expanding to Canada and we have the details covered in The Daily. Also in the rubric, the Coin Stats mobile app now synchronizes transactions from several exchanges, a coin claiming to have AML and KYC features is listed on a major exchange, and the UK government is asked about its assessment of recent crypto market developments.    

Also read: Binance Tests Fiat Exchange, Russians Mull Crypto Platforms

Wirex Offers Crypto Wallets in Canada, Cards on the Way

The Daily: Wirex Expands to Canada, Coin Stats Syncs Exchange TransactionsUK-based crypto card issuer Wirex is expanding its operations...

21:31

Crypto Markets See Mixed Red and Green, BTC and ETH Hold Ground Cointelegraph.com News

BTC is circling $6,500 and ETH trades close to $220, amid a checkered market outlook

21:23

Two [Cash-Strapped] Premier League Football Clubs Plan to Launch Cryptocurrency News CCN

Two cash-strapped football clubs are trying to circumvent financial issues by planning a tokenized crowdfunding round, reports the Times. Newcastle United and Cardiff City, the English Premier League teams, are reportedly in talks with SportyCo, a decentralized sports investment & funding platform, to launch their Initial Coin Offering (ICO) round. SportCo has earlier partnered with Ava

The post Two [Cash-Strapped] Premier League Football Clubs Plan to Launch Cryptocurrency appeared first on CCN

21:11

Treat Bitcoin Like Switzerland Does, Zimbabwe Finance Minister Tells Central Bank Cointelegraph.com News

Zimbabwes new finance minister: Switzerland should be crypto regulation role model

21:00

$6,550: Bitcoin Charts Suggest New Target for Price Rally CoinDesk

Bitcoin's corrective rally seems to have stalled around $6,550, making it a key level to beat for the bulls.

20:00

Tezos Token Makes Gains in Approach to Official Launch CoinDesk

The prospect of Tezos' official launch Monday has revved up investor interest in the project's XTZ token, pushing prices up 30% in a week.

19:15

This AI dreams in tulips "IndyWatch Feed World"

Artist Anna Ridler trained an AI with a data set of 10,000 tulips collected in the Netherlands. The result is a mediation on speculation, the value of beauty, and bias in machine learning.

In 2013, a prominent Dutch banking executive made international news by describing bitcoin as a bubble. This is worse than the tulip mania, he said at the time. At least then you got a tulip [at the end], now you get nothing.

Read Full Story

15:26

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