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Last year in November, 35 year old Louis Meza kidnapped his friend with the help of three gang members to steal the victims crypto holdings. In December 2017, Meza was charged with kidnapping and robbing the victim by Manhattan prosecutors. At that time, video footage of the incident was used to capture Meza, however, the rest
The post Bronx Biker Gang Members Charged in $2 Million Ether Kidnapping appeared first on CCN
A village in Japan has announced its decision to launch an initial coin offering in order to secure funds for creating a sustainable region. This will be the first time in Japan for a municipality to use a token sale to raise funds.
A village in Japan has decided to issue an initial coin offering (ICO) which it describes as Japans first decision to issue a regional ICO by a local government.
Nishiawakura Village is in Okayama Prefecture, which is located in the southern part of Japans Honshu island. The prefecture is largely known for its rural landscapes, feudal castles and art museums. With 95% of the area covered in forest, the village has a population of approximately 1,500. In the early 2000s, the village refused to merge with Mimasaka City when municipalities nationwide consolidated, wanting to rema...
Smart urbanization on blockchain is coming. Which countries and cities will be the first to adopt this progressive technology?
Big-box retailer Walmart has been awarded a patent for a system that is designed to store a patients vital medical records in a blockchain database. The information can then be retrieved at the scene of an emergency when a patient is unresponsive and cant communicate with first responders. To protect privacy the only medical information
The post Walmart Patents System for Accessing Medical Records Stored on a Blockchain appeared first on CCN
The EOS mainnet is less than a week old but already the much-vaunted blockchain has ran into a spate of issues ranging from the minor to the critical. Teething problems with new blockchains are to be expected, but the numeracy of these, coupled with a series of other anomalies, have had EOS critics scratching their heads and developers on the defensive.
The EOS soap opera has made for compelling viewing in recent weeks. The level of hype and funds invested in the project meant a soft launch was never going to be possible. Satoshi appears to have launched bitcoin alone, with zero fanfare and the world oblivious. EOS, on the other hand, has launched following a year-long $4 billion raise, having excited half of the crypto community and the alarmed the other half.
Millennials GOLD: Blockchain & Cryptos Free Humanity From Bank Claws from The Daily Coin
The post Millennials GOLD: Blockchain & Cryptos Free Humanity From Bank Claws appeared first on The Daily Coin.
Crypto markets keep experiencing mixed signals since last Sundays drop, BTC and ETH in the green
Ever since the arrival of Bitcoin, many people have predicted that soon all of the cryptocurrencies will crash. The trends in cryptocurrencies have been compared to global events such as tulipmania, the 1929 stock market crash and the dotcom bubble. However, even after the recent fall in crypto prices, the industry continues to attract new
The post Selling Crypto Now Is Like Selling Apple in 2001: eToro CEO appeared first on CCN
This week in crypto, the SEC finally decided that Ethereum is not a security, Bitcoins price drop is revealed (allegedly) to be due to Bitcoin future contracts expiring, and more in the Hodlers Digest
This article is my advice on how reasonable people can have a public discussion that is strong enough to avoid being derailed by trolls, no matter who they are. I believe the key is the conviction that if there were such a thing as a reasonable public discussion, everyone else would depend on the conclusions that it arrived at. Thus, everyone taking part in the discussion will tend to prefer to follow the rules over anything that might serve a conflicting interest.
If you are someone who prefers the Reasonable Network, then you are looking for people who also prefer the Reasonable Network. You must look at what they prefer and see that they prefer to be reasonable. You dont need to bug him or manipulate him. You just have to let him show you that he prefers reason.
I am not going to define precisely what I think reasonableness is because I would want people to develop their reasonableness test based on everything they know rather than just what is in this article. However, I will say that I think that a persons ability to repeat an intellectual position to his discussion partner is a test that is so easy to administer and evaluate, and simultaneously such a good indicator that I recommend it as the first step in any evaluation of another persons reasonableness.
Hi there folks, hope youre doing well. I know the market is kinda down and were all sad and remembering the good old days in December. It has been a pain to watch the charts these past couple of weeks, but lucky enough Ive been busy reading about the early discussions around Bitcoin to take
The post How to Scale Bitcoin? Youre Asking The Wrong Question appeared first on CCN
A recent study estimated that mining Bitcoin consumes as much electricity as the Republic of Ireland. Hollywood actor William Shatner, who is best known as Captain Kirk in Star Trek, is now involved in efforts aimed at pushing for renewable energy use in the mining of the flagship cryptocurrency. This, he argues, is good for
The post William Shatner Boldly Goes to Fight Bitcoins Carbon Footprint appeared first on CCN
The cybercrime combating unit of the Ukrainian police has uncovered a network of fraudulent crypto trading websites. Four people are suspected of offering the fake online exchange services. They have maintained at least six platforms luring cryptocurrency traders with deceptive messages.
The criminal group consisted of four people  possessing specialized knowledge and skills in programming, the NPUs press service said. They had set up their own CMS-system to manage the websites content. The platforms imitated the activities of legitimate online cryptocurrency exchangers, supporting multicurrency conversion, and even displayed fictitious positive ratings and reviews.
The victims were invited to transfer their money to digital wallets registered with forged identification documents under false names of foreign citizens. After receiving some funds through a particular platform, the scammers would close it and open a new one, law enforcement officials explained.
A group of editors and journalists from the Denver Post leave the outlet to start their own blockchain-powered newspaper, The Colorado Sun
Races for Senate are usually relatively similar. There are a few candidates, some routine bickering, a few shocking allegations, and enough muckraking to make even progressive era journalists look like they were embellishing their subjects. Occasionally though, a wrench is thrown in and shakes up the entire election. This year that person was Austin Petersen. Political opinions
The post Exclusive: US Senate Candidate Austin Petersen Talks Crypto appeared first on CCN
The EOS blockchain is live again, after pausing operations June 16
This week we reported about a suggested solution to 51% attacks, a hacked exchange that was blamed for tanking the market and a cannabis-themed cryptocurrency bringing peace to the world. We also learned, in this weeks most commented-on article, who really controls Bitcoin and why it wont become a global currency, according to the CEO of Ripple.
The big news on Monday was another hacked South Korean crypto exchange. While the figures stolen were much smaller than past events and the trading venue involved much lesser known, the incident was widely blamed for the drops across the markets due to its timing. The alleged hacker stole $19.5 million in NPXS, $13.8 million of Aston X, $5.8 million in tokens of Dent, over $1.1 million of Tron, and at least five other tokens, all from Coinrail exchange users. Other subjects covered include a hospital where you can pay with tokens and a blockchain based cultural center established by a gangster.
The post Japanese Police Arrest 16 Individuals in Monero Cryptojacking Case: Report appeared first on CCN
The request has been rejected, came response from the CIA, with the agency stating that it can neither confirm nor deny the existence of the requested documents. A tech writer petitioned the agency to see what it had on the subject of Satoshi Nakamoto, the name credited with founding Bitcoin, the worlds first decentralized cryptocurrency. There have been legendarily famous attempts to unmask the real person, only to find more paradox, more confusion, more wild theories. At least two online journalists believe a definitive answer just might be had through US intelligence agencies. The evidence borders on compelling and infuriating.
Its not often a journalist in the financial technology genre has cause to contact the United States Central Intelligence Agency (CIA), but this week proved reason enough. Keeping normal business hours, the CIAs Office of Public Affairs, Washington, D.C. 20505 (really Vienna, VA) was evidently swamped. Three calls placed to (703) 482-0623, along with one voicemail message on the final attempt, were not returned as of publication.
Inspiration to do so came from Daniel Oberhaus, staff writer at Motherboard. In an effort to follow up on work done by bloggers and investigative journalists on the tantalizing issue of Satoshi Nakamotos identity, Mr. Oberhaus explained, While recently filing some unrelated [Freedom of Information Act]...
A senior NEO executive has questioned how Facebook handles data, offering blockchain as a solution to the problem of data consent. Speaking on his first time in London, he also said NEO are planning to create a European office to access the western market.
Chen Johnson Zhao, General Manager of NEO Global Development, said that it is difficult to tell who controls user data on Facebook and that there is little emphasis on users providing consent over who has their data. Speaking at the Zeroing in on Europe conference on June 16 as part of London Tech Week, he also looked at the issues of compliance for cryptocurrencies.
Zhao said: Take Facebook, the data is transferred in terms of, I dont know where my data is transferred on Facebook. To a third party? To someone else? Its not really focused on consent of the data owner. Blockchain has an opportunity here, in general.
For example, my jogging data, this can also be an asset. These will be heavily traded, I believe, in the future. We will be able to exchange value, or data, with our consent. Its going to be more transparent and privacy will be protected.
Zhao also spoke on his previous experience of working in the financial sector and said that there was a lot of cost for reporting and complying with regulations. Regarding blockchain, he said that the regulatory side of it is difficult but exciting.
He said: We need to build in both identity and data rules. Compliance reduces Ponzi schemes, manipulations and hacks. China banned ICOs mainly because of the Ponzi schemes. Preventing these are very important. It will help the blockchain space go mainstream.
Zhao mentioned that NEO has a digital identity layer which allows for users to attach digital signature to assets. He said that it is important for providing the details on where a token has come from, where its going, for what reason and at what time. He called it a micro-level of compliance trail.
He also said complying with regulations when using blockchain technology could open up new industries that would otherwise be hard to move from paper to digital.
He said: Its difficult to disrupt the supply chain industry because so much of the data is on paper. Its not easy to bring the data from paper to a database. It costs a lot to bring them to digital records. We believe, in the future, the economy will be running in the digital form. No...
Ricardo Reis, a Brazilian entrepreneur, has recently created a bitcoin-powered coffee machine, in an attempt to show the flagship cryptocurrency has various potential use cases as actual programmable money. A video of the coffee machine in action was initially shared with a BTC-focused group on Facebook, and made the rounds on social media. The machine
The post Brazilian Entrepreneur Creates Bitcoin-Powered Coffee Machine appeared first on CCN
Digital identity is scattered and insecure. ConsenSys' uPort project wants to rework the internet to make "self-sovereign identity" a reality.
Despite positive news regarding popular South Korean based cryptocurrency, Icon, a smart contract bug has temporarily crippled the transfer of the ICX ERC-20 token.
Once the public was made aware of this bug, users begin to spam the disable function on ICXs Ethereum smart contract, whether out of malicious intent or otherwise.
According to Reddit user, ThrashSilence, the flaw is only composed of one incorrect character, noting:
- != means NOT EQUAL
- == means EQUAL
In this case, the contract is enforcing that the wallet address is NOT equal to a specified one, when it should be equal. This allows any address except the contract creator to enable or disable token transfers for everyone.
Many users began to criticize the Icon team, which currently runs a cryptocurrency with a market cap of over $750 million according to CoinMarketCap.
Another Reddit user, _dnov, stated:
How can you have millions of dollars and not invest in software testers? I mean how? No matter how good you are, some testing component should be crucial in your development process, especially at that scale.
_dnov along with a multitude of other Reddit users have brought up a valid point. ICX is now the 23rd largest cryptocurrency, by no means a small or unknown project. It is only logical that the code of the Icon mainnet should be clear of any glaring errors, especially one as important as the on...
A fifty-nine-year-old Canadian man accused of advising Ross Ulbricht, the creator and operator of the first anonymous free market, Silk Road, has been extradited to the United States from Thailand. Roger Thomas Clark has been charged by federal prosecutors for a number of crimes relating to the operations of Silk Road, including narcotics trafficking, computer hacking conspiracy, and money laundering conspiracy.
The U.S. Attorneys Office Southern District of New York has revealed that Roger Thomas Clark has been extradited to the United States and charged with a number of offenses relating to his alleged association with Ross Ulbricht. The United States Department of Justice asserts that Roger Thomas Clark was a key figure in the development of Silk Road and advised Ross Ulbricht on all aspects of the criminal enterprise.
Manhattan U.S. Attorney Geoffrey S. Berman elaborated: Silk Road was a secret online marketplace for illegal drugs, hacking services, and a whole host of other criminal activity. Roger Thomas Clark allegedly served as a trusted confidante to Silk Road founder and operator Ross Ulbricht, advising him on all aspects...
Ted Rogers, president of the cryptocurrency giant, Xapo, believes that Bitcoin will become a global reserve asset, similar to the role the U.S. dollar plays today.
The recent bearish trends in the cryptocurrency market have not fazed Xapos president one bit, as he still holds bullish sentiment regarding Bitcoins value in todays world.
.@tedmrogers, president of @xapo, the leading Bitcoin cold storage company holding an estimated $10 billion in $BTC in underground vaults, says it's not a question of if, but when Bitcoin becomes global reserve asset. #CryptoCraze #CheddarLIVE pic.twitter.com/MiNdsBujlr
Cheddar (@cheddar) June 14, 2018
According to an interview done with a business publication, Cheddar, Ted believes that Bitcoins value will stabilize over the next few weeks due to a lack of price catalyst. Rogers said:
Over the next 7 to 14 days, I kind of expect it (Bitcoins price) to be not too far from where it is now.
News about cryptocurrencies has undoubtedly slowed, with pieces of breaking news being few and far in between.
However, when queried about Bitcoins long-term performance, Rogers said that he believes BTC will be worth hundreds of thousands of dollars within the upcoming years.
To give the value of this prediction a bit of context, a $200,000 Bitcoin would create a market cap of over 3 Trillio...
(ZHE) Three members of a Bronx biker gang were arraigned in a Manhattan courtroom on Tuesday, charged with kidnapping and robbing a cryptocurrency multi-millionaire at gunpoint, authorities said. Ringleader Cesar (Fuego) Guzman, 38, Allan (Joker) Nunez, 36, and Darrell (Bishop) Colon, 37, joined their accomplice Louis Meza, 35, in luring their victim into a fake Uber ride 
Bitcoin price is stable above the $6,400 level against the US Dollar. BTC/USD must gain momentum above $6,600 and $6,800 to move into a bullish zone.
This past week, bitcoin price started an upside correction after dropping to the $6,130 level against the US Dollar. The BTC/USD pair moved above the $6,200 and $6,400 resistance levels. There was also a break above the 23.6% Fib retracement level of the last downside move from the $7,785 high to $6,130 swing low. However, the price faced a lot of sellers around the $6,700 level.
There was a rejection from a declining channel with current resistance at $6,500 on the 4-hours chart of the BTC/USD pair. Moreover, the 38.2% Fib retracement level of the last downside move from the $7,785 high to $6,130 swing low acted as a hurdle. The price moved down below $6,600 but found support. It is currently moving higher once again and is attempting a break above the same channel and $6,500. Should the price succeed in moving past the channel resistance, it could move higher towards the $6,600 and $6,700 resistance levels. Above this last, the next hurdle sits around the $6,800 level.
Looking at the chart, the current price action suggests consolidation above the $6,400 level. A break above the $6,700 level may perhaps open the doors for an upside push towards $7,000.
Looking at the technical indicators:
Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex de Vries citing Digiconomists Bitcoin Energy Consumption Index (BECI) an index that critics have approximated to overestimate the power consumed through bitcoin mining by more than 115%. Refuting estimates based upon the BECI index, Coinshares has published a report claiming that the mining industry consumes approximately 35 terawatt hour (tw/h) worth of power each year a 50% reduction from estimates based upon BECI.
Three members of a Bronx biker gang were arraigned in a Manhattan courtroom on Tuesday, charged with kidnapping and robbing a cryptocurrency multi-millionaire at gunpoint, authorities said. Luring their victim into a fake Uber ride on November 4, 2017 where they held him captive for two hours with a hood over his head - demanding his keys and a memory stick linked to his Ether currency account, according to court papers. The gang was able to bilk the man out of $1.8 million of Ether, a popular cryptocurrency.
Ethereum price is slowly moving lower versus the US Dollar and Bitcoin. ETH/USD could decline further if sellers remain in control below $500.
This past week, ETH price attempted an upside recovery from the $448 low against the US Dollar. The price traded above the $500 resistance level. It also climbed above the 23.6% fib retracement level of the last drop from the $609 high to $448 low. However, the price faced a lot of resistances above the $510 level, which protected more gains above the stated level.
There was a rejection from the $530 resistance zone. Moreover, the 50% fib retracement level of the last drop from the $609 high to $448 low acted as a strong resistance. More importantly, there is a key bearish trend line in place with resistance near $505 on the 4-hours chart of ETH/USD. The pair struggled to move above the trend line and $530. It is currently moving lower and is trading below the $510 and $500 levels. It remains at a risk of more losses if buyers fail to move the price above the trend line resistance and the $520 resistance.
The above chart indicates that the price is finding it hard to move higher above $510. On the downside, an initial support is around the $485 level. Below the stated level, the price might decline further towards the $450 level in the near term.
4-hours MACD The MACD is slowly moving in the bullish zone....
Cryptocurrency markets are steadily coasting along after suffering from some volatile low swings last week. Over the past 24 hours, most cryptocurrencies are still in the red nurturing losses between 1-3 percent, and a few are in the green by a few percentages. At the time of publication, the price of bitcoin cash (BCH) is hovering around $850 per coin. Meanwhile, bitcoin core values are meandering just above the $6,500 region.
Since last weeks Bloody Sunday cryptocurrency market have seen some slight recovery but not by much. Markets were dropping pretty low up until the U.S. Securities and Exchange Commission (SEC) revealed cryptocurrencies that are decentralized are not securities. After the SECs head of the Division of Corporate Finance, William Hinman, made these statements digital asset markets saw a small rally and this push has kept markets from drawing lower, at least for a short period of time. The overall market valuation for all 1600+ cryptocurrencies is currently worth around $280Bn USD and 24-hour trade volume for the entire lot of digital currencies is $10.8Bn.
George Friedman, a respected geopolitical forecaster, believes that blockchain technology will become obsolete over time.
George Friedmans negative attitude shown towards blockchain technology has proven to be rather unpopular. Most critics of Bitcoin and other cryptocurrencies have yet to turn their skepticism to blockchain technology, as these critics believe that blockchain is still a revolutionary technology.
According to a CNBC account of a discussion with Friedman, he adamantly said:
Ive never known any encryption technology not to be broken.
A common fear in the cryptocurrency community is that quantum computing will break blockchain once and for all.
However, some scientists have said that quantum computing is not as powerful and accessible as the media makes it out to be.
There are probably less quantum computers in our world today than the fingers on your hand. Current quantum computers require temperatures near absolute zero (-273 Celcius) to run effectively, destroying any possibility of consumer quantum chips anytime soon.
Additionally, scientists have been slow in the development of quantum technologies, with a lack of milestones and goals to show for it.
Bitcoin has a simple, yet effective system of consensus, that has not been broken in over eight years. Scientists also believe that some, if not most blockchains, will be able to hold their ground against hypothetically strong quantum computers, disregarding any fears of any blockchain cracks.
Friedman has long held opinions and beliefs that contradict those held by the masses. He is a revolutionary and radical thinker if you will, with the statements given to CNBC being no exception.
Even if Friedmans statements hold some value, speculation regarding blockchain technology may be out of Friedmans expertise as it is likely that his knowledge of blockchain technology is lackluster.
The Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies. The letter seeks to inform that certain cryptocurrency investment activities may require licensing from the AFM, however, expresses serious doubts as to whether managers of investment institutions in cryptos can meet the requirements for licensing.
The letter seeks to address individuals seeking to apply as an administrator of an investment institution in cryptos, in addition to existing  administrator[s] of an investment institution active in cryptos, or [individua...
Robinhood is by no means an elder in the cryptocurrency industry, only opening up its cryptocurrency division in early January. Despite this, Robinhoods co-CEO, Baiju Bhatt, believes that the cryptocurrency market has a strong future ahead of itself.
During an interview with Yahoo Finance, Bhatt expressed his positive sentiments regarding the cryptocurrency market as a whole.
Bhatt pointed out that he believes that sovereign nations will adopt cryptocurrencies as a currency of choice. This statement is in line with what CFTC commissioner said earlier this week, also stating that he believes small nations may become dependent on virtual assets for survival.
With events like the recent Venezuelan hyperinflation becoming prevalent, smaller nations may begin to turn to cryptocurrencies as a decentralized and secure way to transfer value between individuals and entities.
When asked about his recent involvement in crypto, Bhatt stated:
We have been thinking about it for a couple of years We had been watching it (Bitcoin) over the years and we noticed one thing which we really looked at when considering when to offer it to our consumers, which is its resiliency. It has this tenacity to it where it just keeps on coming back.
In January, Robinhood announced the creation of a cryptocurrency service which was well received by the public, with hundreds of thousands of consumers getting their names down on the early access mailing list.
However, once the official release of Robinhood Crypto occurred, it was met with mixed reviews. At the time, Robinhood Crypto was only open to a few U.S. states with support for only a few cryptocurrencies.
In fact, Robinhood only allows for users to trade cryptocurrencies and does allow for the deposit or withdrawal of cryptocurrencies, essentially making it just a price speculation platform.
An interesting new project is expected to appear in the crypto industry in the near future: the Japanese DApps platform Module, which has every chance of becoming an alternative to such proven market players as Ethereum, EOS, and Stellar.
One of the main goals of the project is to simplify as much as possible the process of creating, launching and developing your own applications or services that store and transfer data on the blockchain using the Module platform for creating decentralized applications (DApps). To this end, the platforms Japanese creators offer their smart contract technology, the possibility of honest cryptocurrency mining, and a set of high-speed, low-cost solutions that allow users to store their data reliably and confidentially while managing their data quickly and independently.
The entire data file will be located at a special address in the cloud on the blockchain, access to which is fully controlled by the user. In addition, for improved fraud protection, project clients will have the ability to use a secret sharing system for data access (authors note secret sharing is a means of distributing secret data for access to goods and services among a group of participants, each of which receives a part of the access key).
One of the main ways that Module differs from its competitors, among which are such market dinosaurs as Ethereum, Stellar, and EOS, lies in its use of other peoples mobile gadgets smartphones, tablets, laptops to store information.
Nick Evdokimov, a blockchain expert, consultant, and founder of ICOBox, explains: Today we actually have a situation where people have a large amount of memory on their gadgets that go unused. Modules concept will literally make it possible to store data on your neighbors cell phone. This will then provide the most rapid possible access to this information and give the gadgets owner the opportunity to earn money renting out the idle memory. Its a very interesting solution, one that no other DApps platform has used up to now.
Decentralized applications (DApps) are being called the new future of the blockchain industry. They are protected against any form of censorship on the part of centralized servers, and they ensure full confidentiality of the information being transmitted and complete security of transactions, all thanks to P2P communications based on the blockchain. In addition, DApps give people the ability not only to use the services they contain but also to themselves become active participants in the network: for example, to act as shareholders, developers, miners,...
Healthcare in developing parts of the world has remained below standard over a long period of time. The reasons for this can be related to system weaknesses in terms of leadership, governance, workforce, technology, finance among others. Traditional implementations in attempt to achieve lasting solutions to these problems have left the people going round in
The post Op-ed: Blockchain Technology Can Revolutionize Global Healthcare Systems appeared first on CCN
Embattled cryptocurrency exchange, Bitgrail, announced ongoing bankruptcy proceedings in Italy have turned full force, as the court seized the exchanges bitcoin wallets. The ecosystem seems decidedly torn between addressing the fundamental cause, a hack that drained $170 million, and making victims whole.
On June 5, 2018, pursuant to the Tribunal of Florence orders, Bitgrail posted Friday, a full eleven days after, the Bitcoins contained in the companys wallets were seized and brought under control of the judicial authorities pending further Court decisions in the pre-bankruptcy proceeding.
Blockchain Main Player In Cannabis Legalization: EXCLUSIVE Interview from The Daily Coin Billions of dollars in product will soon be changing hands across a global marijuana market, but without quality assurance, patent protection and tracking/verification, billions could be lost in...
The post Blockchain Main Player In Cannabis Legalization: EXCLUSIVE Interview appeared first on The Daily Coin.
Japans prosecutors have arrested 16 individuals suspected of involvement in illegal case of cryptojacking in Japan
Melbourne-based crypto trading platform Blockbid has become the first cryptocurrency exchange in the world to introduce a new generation of risk management and identity verification technology developed in partnership with LexisNexis Risk Solutions and ThreatMetrix. The partnership combines the 1.4 billion-strong identity database owned by ThreatMetrix with the LexisNexis database of potentially high risk identities
The post Aussie Crypto Exchange Blockbid Partners with Risk Management Giant LexisNexis appeared first on CCN
Keiser Report: Bitcoin instead of US dollar? Video RT In this episode of the Keiser Report, Max and Stacy discuss the failure of the Vollgeld-Initiative in Switzerland but why the banks should have lost the right to print money....
The post Keiser Report: Bitcoin instead of US dollar? (Video) appeared first on The Daily Coin.
The Bank of International Settlements (BIS), a transnational institution owned by and comprised of central banks that seeks to fosters international monetary and financial cooperation and serves as a bank for central banks, recently published its quarterly review of International banking and financial market developments for June 2018. The report includes an op-ed written by BIS general manager Agustn Carstens that describes many cryptocurrencies as comprising get-rich-quick schemes that should not be conflated with the sovereign currencies and established payment systems that have stood the test of time.
Mr. Carstens article opens with a recognition that popular confidence in legacy financial institutions has been undermined by contemporary innovations in communications and technology, such as cryptocurrency, stating that preserv[ing] trust in financial transactions is a tricky business in our digital age.
The BIS general manager asserts that With new cryptocurrencies proliferating, its as important to educate the publi...
Your Phone Is Listening and It's Not Paranoia (How many people are aware of this reality? Vice)
Top Agent Said F.B.I. Would Stop Trump From Becoming President (The New York Times)
South Koreans Are Still Hopeful After the Trump-Kim Summit (Who cares what South Koreans think, what does Rachel Maddow think? The New Yorker)
The Mueller Indictments Still Dont Add Up to Collusion (Must read, The Nation)
SEC Announces Cryptocurrency Ether Is Not a Security (Yahoo Finance)
The Legendary, Fraud-Sniffing Short Seller - Marc Cohodes (Phenomenal interview, The JollySwagmen)
Cody Wilson Philosophy - Part I (Interesting discussion from 2012, YouTube)
BOB MORIARTY | North Korea, Trade Wars, Precious Metals and Bitcoin Video Proven and Probable Video Source
The post BOB MORIARTY | North Korea, Trade Wars, Precious Metals and Bitcoin (Video) appeared first on The Daily Coin.
The team behind CryptoZombies a website dedicated to teaching people how to code Ethereum DApps, is launching the worlds first collectible card game on a blockchain. To raise funds for the games development, the team decide to go with Kickstarter instead of an ICO. Surprising? Maybe not. James Martin Duffy, a creator of
The post CryptoZombies Creator Launches Kickstarter Campaign for Blockchain Trading Card Game appeared first on CCN
Alexis Bledel, known for her performance in the hit television show Gilmore Girls, has signed on to star in a cryptocurrency money laundering thriller titled Crypto. The film will also start Beau Knapp (Seven Seconds), Kurt Russell (The Hateful Eight), Luke Hemsworth (Westworld), Jeremie Harris (Legion) and Vincent Kartheiser (Mad Men). Directed by John Stalberg Jr., the
The post Gilmore Girls Alexis Bledel to Star in Bitcoin Thriller Crypto appeared first on CCN
The current market performance has many people questioning what is going on, wondering why Bitcoin and others have hit yet another slump this year. Experts share their opinions with Cointelegraph
Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since it was released.
The police from 10 prefectures throughout Japan have reportedly caught 16 people using mining programs to mine cryptocurrencies using other peoples personal computers, according to local media. The Japan Times reported the National Police Agency saying:
Sixteen people in Japan have been found to have embedded computer programs on their own websites to use personal computers of viewers for cryptocurrency mining without their consentThese people have been accused of violating the law banning the use of computer viruses.
The Asahi Shimbun elaborated, Three men were arrested on suspicion of illegal use of what were defined as computer viruses, while 13 other men had their papers sent to prosecutors for the same suspicion. Previously, news.Bitcoin.com reported that the police were investigating the three people whom they have now arreste...
A while ago we have written about the launch of ASIC miners for Bytom (BTM) from Bitmain right in time when Bytom was actually launching their network. The Antminer B3 ASIC miners for Bytom were offering 780 H/s with 360 Watts of power usage and this essentially has made CPU mining pointless right from the start. Since then however there has been some development regarding the use of GPUS and Nvidia ones in particular for mining BTM and surprisingly or not at this point of time you can get better performance from video cards than what the ASICs can provide you with, depending on your mining rigs of course. So if you are interested in mining Bytom (BTM) and have Nvidia-based mining rigs you might be interested to give this a go. Currently it may not be that profitable, but mining some coins now and holding them for the better and brighter future of Bytom (BTM) may not be a bad idea.
Crypto markets see mix of red and green this Saturday, with all of the top 10 coins by market cap experiencing a slight decline
German cocktail bar Sausalitos which has 4 million yearly visitors, 41 restaurants, and 900 employees establishments throughout Germany is rolling out a loyalty reward program with a blockchain-based cryptocurrency. The ERC20 compliant Sausalitos Coin will be offered through the infrastructure of Sausalitos new partner qiibee, a plug and play solution for loyalty rewards on the
The post German Cocktail Bar Chain Announces Blockchain Rewards Program appeared first on CCN
This week the Twitter handle @Bitmaintech was locked down because Twitter administrators claimed the account belongs to a 4-year-old. The Twitter handles owner and Bitmains head of marketing have complained to the social media companys support team and Twitters CEO Jack Dorsey. The account lockdown marks the second high profile bitcoin-related account thats been banned from Twitter in just a few months.
On June 14 Bitmain Techs head of marketing Nishant Sharma tweeted to his followers that the companys official Twitter account @Bitmaintech had been banned from Twitter. At the moment the Twitter account is completely inaccessible to the public and the Beijing-based companys active ad campaigns have been paused....
I dont think I couldve picked a better time to give my not-expert opinion around ICOs and what I think to be an insanely over-valued set of companies. EOS managed to raise more than USD 4 Billion during its yearly ICO, continuing the trend of multi-million dollars ICOs, without a stable product or even a
The Satoshi Revolution: A Revolution of Rising Expectations
Section 3: Decentralization
Chapter 8, Part 6
Crypto Can Create a Perfect Political System
The anarchistswork not for a perfect social state, but for a perfect political system. A perfect social state istotally free from sin or crime or folly; a perfect political system is merely a system in which justice is observed, in which nothing is punished but crime and nobody coerced but the invader.
-Victor Yarros, American anarchist, lawyer, and author
The perfect society is embodied by the institutions that individuals create and through which they function. The same is true of a dystopian society. Thats why institutional analysis is essential to understand how freedom and totalitarianism work. One institution is cryptocurrency, which profoundly affects other institutions of society, and reaches far beyond the financial ones.
What is an Institution?
The Random House dictionary defines an institution as a well-established and structured pattern of behavior or of relationships that is accepted as a fundamental part of a culture, such as marriage, voting, or bankruptcy. An institution is any stable and widely-accepted mechanism for achieving goals within society. The term applies to wide-ranging and complex concepts, such as family, the free market, common law, religion, and the state.
Not all institutions are compatible, however, because some pursue antithetical ends; free-market crypto and the central banking system are a stark example. Crypto is a spontaneous and decentralized empowerment of individuals; the banking system is a centrally-planned and unified expression of government control. As a practical matter, a society often contains the two institutions in uneasy parallel, but their antagonistic goals lead to inevitable conflict. Government will attempt to regulate or ban free-market crypto because, otherwise, the free market will do what...
The EOS blockchain has ground to a halt after an apparent bug in the mainnet software caused the network to pause unexpectedly and indefinitely. According to a post from EOS New York published on behalf of the top 21 block producers and standby nodes, the mainnet unexpectedly paused at 9:56 UTC, after which block producers
The post Breaking: EOS Blockchain Grinds to Halt as Software Bug Freezes Transactions appeared first on CCN
Southern Italian city launches a working group to develop blockchain initiatives, exclusive interview with Naples Mayor
The popular ad blocker launched a new product called TrustedNews which tells the user if the news theyre reading are trustworthy or fake. TrustedNews is the new Chrome extension from AdBlock Plus which spots fake news for users as they navigate the web. At the moment, its only available for Chrome users, but you can
The post AdBlock Plus Jumps Aboard the Blockchain to Spot Fake News appeared first on CCN
Todays Bitcoin in Brief features several examples of digital coins entering all spheres of life. A leading German auto manufacturer has revealed its cars may soon be fitted with onboard cryptocurrency wallets. A company now offers crypto payments for inmates in prisons across America. And in South Africa, a new token will support rhino conservationists, while fighting poachers.
Its a trademark of the Cebit expo in Hanover to entertain visitors with ingenious ideas on how to further digitize our world. The crypto ecosphere has become a new source of inspiration for designers and engineers. One of this years surprises: German auto manufacturer Volkswagen has revealed a concept model equipped with a cryptocurrency wallet. The car can pay for its carwash and fill up its tank without the driver moving a finger.
Less than 48 hours after its launch, EOS mainnet faces a system failure, which block producers are working to correct
The EOS blockchain went live this week, sparking debate and commentary from cryptocurrency's avid social media users.
Token swaps are becoming common, but what do they mean for users and investors? CoinDesk explores the evolving art of blockchain migrations.
Roger Thomas Clark, the Canadian national who is alleged to have been a key personality in the growth and development of the Silk Road drug-dealing website arrived in New York Friday after being extradited from Thailand. He was arrested roughly two and a half years ago in the Asian country. The charges that Clark will
The post Silk Roads Top Lieutenant Extradited to New York from Thailand appeared first on CCN
Hacken has launched a new website that provides an all-in-one tool for rating cryptocurrency exchanges. Crypto Exchange Ranks (CER) allows for side by side comparisons of well over a dozen exchanges, including real-time arbitrage data and ratings for liquidity, compliance, reliability, and security.
While not every feature has been activated in the beta version, the ones that are in operation appear to work well and provide useful tools for traders seeking arbitrage opportunities, or trying to determine the withdrawal limits of various platforms. Anton Kaminsky, Business Development Director of Crypto Exchange Ranks, told news.Bitcoin.com that the goal was to create a sophisticated tool for crypto exchange rankings, to save time and effort for all market participants.
A 36-year-old French national plead guilty this week in U.S. courts for selling narcotics for Bitcoin on the dark web. Guy Vallerius, who operated under the monkier OxyMonster, was arrested by authorities at the Atalanta airport last September as he was making his way to Austin, Texas to take part in the World Beard and Mustache Championships.
As the criminal complaint filed last year shows, U.S. authorities were able to identify Vallerius as OxyMonster as well as keep him under surveillance after they discovered one of his Bitcoin accounts. They got to his Bitcoin account through Vallerius tip jar on the Dream Market dark web marketplace.
The purpose of the tip jar was to allow buyers on Dream Market to tip Vallerius for his services selling the opiate painkiller Oxycodone and the ADHD drug Ritalin. The problem for Vallerius was, unlike most vendors on the Dream Market, he did not configure his tips to go through the marketplaces internal payment systems, which passed transactions through a tumbler/mixer. Instead, he set the tip jar to receive funds at a Bitcoin address he set up.
The complaint reads:
After observing the bitcoin tip jar advertised by OxyMonsyter, agents conducted [an] analysis of the incoming and outgoing transactions from that bitcoin address and learned that 15 out of 17 outgoing transactions from the OxyMonster tip jar went to multiple wallets controlled by French national Gal VALLERIUS on localbitcoins.com.
This slip-up allowed law enforcement to get a clue of who may be behind the OxyMonster monicker. Their suspicions were later confirmed when an analysis of OxyMonster and Vallerius writing styles suggested they were the same person:
Open source data revealed that VALLERIUS has Instagram and Twitter accounts. Agents compared the writing style of OxyMonster on Dream Market forum while in Senior Moderator role to the writing style of VALLERIUS on his public Instagram and Twitter accounts. Agents discovered many similarities in the use of words and punctuation to including: the word cheers; double exclamation marks; frequent use of quotation marks; and intermittent French posts...
For more than a decade, Freedom Fest has been a top attraction on the conference circuit for those leaning toward freer markets. Through the years, it has grown to include speakers and topics well beyond economics. In doing so, it has attracted some of the most interesting minds in the world.
This years gathering in Las Vegas, July 11th through 14th, is continuing to branch out. Cryptocurrency and its underlying technology are taking up more intellectu...
Phillip Nunn has stated that he still believes that Bitcoin will reach $60,000 this year. The CEO of The Blackmore Group and Wealth Chain Group reaffirmed his January price prediction earlier today.
Nunn spoke to BusinessCloud at KPMGs Tech Manchester event on Thursday. He stated that he still very much believes the calls he made in January. At the start of the year, he made a price prediction that Bitcoin would hit both $6,000 and $60,000 at some point in 2018. Yesterday, he told the publication:
Well were certainly about to see the $6,000 arent we? Thats probably a few hours away.
He then addressed the more exciting end of his prediction:
The prediction was based on, first of all, market volatility which were experiencing at the moment; I think thats really apparent. I absolutely stand by my prediction.
He went on to compare the cryptocurrency space to the dotcom bubble. He highlighted that the crypto market was essentially the reserve of the earlier crash since the money currently in Bitcoin and other cryptos was from the crowd. This, for Nunn, explains a lot of the extreme volatility associated with cryptocurrency prices:
All the money that exists in crypto at the moment is from the public, so its all about market sentiment. A flood of bad news can wobble the market, stuff like regulation. The industry is so small that theres market manipulation.
According to BusinessCloud, Nunn has a firm belief in the transformative power of blockchain technology. He goes as far as the state that it has the potential disrupt every industry on the planet. He also believes that decentralised organisation is the way of the future.
During yesterdays interview, Nunn stated that he often speaks to banks, financial institutions, and hedge funds. He claims that they all want to get involved in cryptocurrency but struggle to find a suitable entry point:
Theres no entry point at the moment If youre a pension fund with 5 billion in your pot and you want to...
Some cryptocurrency community members believe that a piece of historical technical analysis indicates that Bitcoins price could be headed upwards real soon.
According to a post put together by Reddit user, CryptoPorto, Bitcoins price could be mirroring the hypothetical chart of a strong price reversal.
The chart which the Reddit user used (shown below) was derived from Richard Wyckoffs teachings, from the early 1900s. As you can see, the two charts below look eerily similar, almost identical in-fact, with Bitcoins current price action following a steep decline after a short period of sky-high prices.
According to the chart, Bitcoin could be seeing a price spring within the next few days, perfectly in line with the Wyckoff method.
For those who are unaware, the Wyckoff method uses a variety of laws and scenarios to try to predict the price movement of a publicly traded asset. These laws are as follows:
Wyckoffs methods have been largely accepted by members of the technical analysis community, with Wyckoff being one of the most respected historical figures on Wall Street.
To fulfill the aforementioned bullish scenario, Bitcoin will need to continue to rally over the next few days, breaking through key resistance levels. According to FundStrat analyst, Robert Sluymer, a key resistance level for Bitcoin may lie at $7800, around $1200 away from current prices.
However, many Reddit users were quick to call this technical analysis bogus, some saying:
Of course, you will find...
A crime thriller called Crypto is reportedly being filmed, featuring a money laundering agent and a case involving cryptocurrency. Among the cast of the movie are Hollywood actors Kurt Russell, Luke Hemsworth, Alexis Bledel, Beau Knapp, Jeremie Harris, and Vincent Kartheiser.
An upcoming crime thriller called Crypto is currently filming in New York, according to the Hollywood Reporter.
The cast includes a number of Hollywood stars including Kurt Russell, Luke Hemsworth, Alexis Bledel, Beau Knapp, Jeremie Harris, and Vincent Kartheiser, the media outlet detailed on Friday.
The movie reportedly takes place in a U.S. government agents remote New York hometown, the publication continued, noting that it is where his father (Russell) and brother (Hemsworth) are struggling to maintain their family farm in a changing economic landscape. The Reporter described the movies plot:
Ethereum futures may be a thing of the very near future says the Cboe now that the SEC has made an official ruling that Ethereum is not a security.
Thursdays announcement by the US Securities and exchange commision head William Hinman at the Yahoo Finances all market summit Crypto in San Francisco that there would be no change in securities rules to include Ethereum clears a key stumbling block for Ether futures according to Chris Concannon, President of Cboe Global Markets Inc.
Hinman explained that when there is no reasonable expectation of a third party to profit from an asset ( in this case Ether) it should not be ruled as a security. Adding that if the network on which the token exists is sufficiently decentralized, a digital asset does not represent an investment contract and therefore can not be classified as a security investment.
The director was quoted by Bloomberg speaking directly about Ethereum when he said Putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions,
This long-awaited clarity on the issue of whether crypto assets would be regulated as securities has led President Concannon of Cboe global markets to speculate that regulators would now be much more likely to sign off on Ether futures. Both the Cboe and CME have been offering Bitcoin futures since late in 2017 and have been eager to do the same with Ether. As Concannon told Bloomberg,
We are pleased with the SECs decision to provide clarity with respect to current Ether transactions, This announcement clears a key stumbling block for Ether futures, the case for which weve been considering since we launched the first Bitcoin futures in December 2017.
The news is not as good for Ripple as comments director Hinman made may define Ripples XRP Coin as a security. Ripple spokesman Tom Channick seemed to be trying to get out in front of the speculation with an emailed statement that read in p...
Ukrainians are increasingly aware of cryptocurrencies, and 13 percent of those using the Internet own digital coins, according to a new survey. The total of the daily turnover on the three leading cryptocurrency exchanges in the country currently reaches $2 million USD.
A sizable majority of the respondents in an online survey in Ukraine have said they are aware of digital currencies 72 percent of those questioned know what cryptocurrency is. Another 23 percent have heard the term, while 5 percent told interviewers they were hearing the word for the first time. Ukrainian men are better informed about coins 81 percent, as well as youngsters 79 percent.
The poll has been conducted by Kantar TNS, the local representative of the marketing research firm Taylor Nelson Sofres (TNS). 1,000 residents, aged 18-55, have been contacted online throughout Ukraine, with the exception of the conflict zones in the eastern part of the country and Crimea.
Hacked BitGrail exchange reported the seizure of bitcoins by Italian authorities following a court order
Its been a turbulent time for the cryptocurrency markets, so now
is a good time to reflect on how and why we got here in the first
place. First, an op ed makes the ideological case for Bitcoin.
Then, we continue to review the history of Bitcoin from its
Cypherpunk days, with the latest installment of The Genesis Files,
this time paying tribute to Wei Dai and his b-money
South Korea has seen one of their cryptocurrency exchanges hacked this week, with Coinrail reporting a major theft. Meanwhile, Coinbase has added more tokens and a crypto index fund to its exchange offerings.
Misconceptions about Tether and what is going on with this U.S.-dollar-backed token are explored and explained.
Featured stories by Robert-Jan den Haan, Andrew Kiguel, Randolph Malone, Nick Marinoff and Aaron van Wirdum.
Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.
Andrew Kiguel, founder of Hut 8 Mining, reflects on what Bitcoin means, beyond the hype of its bumpy price charts. He argues that Bitcoin represents freedom to store wealth in an asset that is out of governments reach; freedom to conduct transactions peer to peer without relying on centralized financial institutions that have eroded our trust.
He acknowledges that Bitcoin is not perfect. It will evolve. Scammers will remain, as they do everywhere in the financial community. Regulation will come. Gains will be rightfully taxed. Detractors will continue to hate. Volatility will remain. However, because of the freedom it puts in the hands of individuals, Bitcoin will not disappear or pop like a bubble. Ever.
Wei Dai is best known for an idea he casually announced in November 1998, just after graduating from university. His idea, b-money, was eventually included as the first reference in the Bitcoin white paper....
Geopolitical analyst George Friedman thinks that he has never known any encryption technology not to be broken, and blockchain will become obsolete
50cycles, a specialist electric bicycle manufacturer, has revealed what it has described as the worlds first range of cryptocurrency mining e-bikes. Toba, the new series of crypto mining bikes, are estimated to generate approximately 20 (approximately $26.5 USD) worth of Loyalcoin per 1,000 miles ridden.
Founded in 2003, UK-based 50cycles describes itself as a specialist in advanced electric bikes. In what the company is claiming as a world first, 50cycles has revealed the Toba a cryptocurrency mining electric bicycle.
The companys founder and chief executive officer, Scott Snaith, told...
Plans are underway in Ukraine to honor the pseudonymous creator of Bitcoin, Satoshi Nakamoto, by erecting a statue of him in Kiev. The preferred location for the statue is Shevchenko Boulevard, where a monument to Vladimir Lenin the father of the Soviet Union stood before it was brought down during the 2014 Ukrainian
The post Ukraine Bitcoin Fans Aim to Put Satoshi Nakamoto Statue Where Lenins Once Stood appeared first on CCN
There is excitement in the ETC world and its palpable if we go with statistics. Shortly after the news, ETC gained 22 percent pushing its market cap to $1.44 billion. However, contrary to expectations, ETC prices have been moving within a tight trade range with limits at $16. Should we see appreciation past that level, then we it would be a go for buyers.
Lets have a look at these charts
The listing of Ethereum Classic was a head scratcher for many. Some were wondering what founded the rationale behind CoinBase listing a coin that ranks eighteenth in the crypto standing. But, what many forget is that ETC precedes the like of Ethereum whose figure head is the Vitalik Buterin. Besides, they still maintain a no coin burn policy. Unlike other high cap coins as EOS and Ripple which many online commentators were backing to be next of queue, ETC maintains decentralization policy and is completely open source.
We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months.https://t.co/bUG4iLUr2J
Coinbase (@coinbase) June 12, 2018
As a matter of fact, shortly after their ETH hard fork, the development of Ethereum was split between different development group. Charles Hoskinson of Cardano oversees some bit of ETC development. No one has total control of ETC. As such, this listing is set to benefit no one in particular but the community, early investors and hodlers. It would be a different case if XRP-despite all their offers in exchange for listing or EOS because all those moves entail direct capital gains to Ripple the company and Dan Larimers Block One both which are private companies controlling a considerable stake at XRP and EOS.
Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.10. So, even if we remain upbeat expecting buyers to spring back, any breach of support triggering means we trade with the trend as we aim at the next support level of each respective coins in the daily chart.
Its a milestone for EOS and as expected, critics and claims of centralization saturate the crypto sphere but thats normal. Fact is, already there EOSIO is live, block validation can now proceed and there is a congratulatory message for all EOS coin holders for coming through and setting the ball rolling for one great DApp revolution the world has ever seen.
EOS Authority (@EOSauthority) June 14, 2018
Yes, it is true that the community will play a role and what investors yearn going forward is more work than talk as they demonstrate to the world that indeed, the EOSIO blockchain means business and that they are keen to dislodge Ethereum from where it has been perched since 2015.
Back to price action and technicals are panning out...
The U.S. Central Intelligence Agency said they can neither confirm nor deny whether they have knowledge of Satoshi Nakamotos existence
Ethereum is not a security, former Chief Strategist to President Trump buying into Bitcoin, Coinbase Index Fund launch, and more in our latest price analysis
A French national has pleaded guilty to selling narcotics on the dark web after police were able to trace his criminal activities through his bitcoin accounts. Police arrested 36-year-old Gal Vallerius in September at the Atlanta airport in the US while traveling to attend a beard and mustache competition, according to Bleeping Computer. Investigators said Continued
The post Bitcoin Transactions Help Police Track Down Dark Web Drug Dealer appeared first on CCN
During a recent address to the Heritage Foundation in Washington, D.C, Jonathan Johnson, the former chairman and current member of the board for Overstock, sought to emphasize that payments in the form of bitcoin comprise a steadily growing source of revenue for the company.
Jonathan Johnson, the former chairman of Overstock, one of the first major companies to accept bitcoin as a means of payment, has detailed the revenues generated by the company in the form of cryptocurrency payments whilst speaking to the Heritage Foundation.
We have somewhere between $68,000 and $120,000 a week in cryptocurrency revenues; people buying sheets and toasters using bitcoin or Ethereum or other coins, Mr. Johnson told the conservative think-tank.
Why the Worlds Most Expensive City Is Running to Bitcoin by Justin Spittler Casey Research Youll never guess the worlds most expensive city. Its not Zurich. Its not Tokyo. Its not Seoul, either. No. Its Caracas, Venezuela. Strange, huh?...
The post Why the Worlds Most Expensive City Is Running to Bitcoin appeared first on The Daily Coin.
The Bank of International Settlements is dedicating two phases of his next annual economic report to cryptocurrencies. BIS regarded as the central banks principal bank will publish these two chapters this weekend on June 17, announced the institution this week. The complete report will be printed on June 24. The report will follow the lenders most latest quarterly review, which cautioned that many cryptocurrency are ultimately make money fast schemes. The review stated. What makes currency reliable is trust in the issuing institution, and successful central banks possess a proven record of earning this public trust. The short encounter of cryptocurrency shows that technology, however complicated, is a bad replacement for hard earned trust in sound institutions.
Likewise BIS touched on the subject in an opinion piece written in part by Markets Committee seat Jackqueline Loh in March. The piece claimed that public cryptocurrencies arent feasible choices for non-cash society, as mentioned by CoinDesk. By the same token, the lender has claimed that electronic currency issued by central banks could carry unwelcome adverse effects, like producing periods of fiscal instability worse by helping banks clients funnel their money from their accounts faster. A general purpose CBDC can give rise to greater instability of commercial bank funding. Even when designed mostly with repayment purposes in your mind, in periods of pressure a flight towards the main bank might happen on a fast and big scale, challenging commercial banks and the main bank to handle such situations, BIS stated at the time. Image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent subsidiary of the Digital Currency Group, which invests in cryptocurrency and blockchain startups.
Kyle Samani, a managing partner at cryptocurrency hedge fund Multicoin Capital, believes the majority of the top cryptocurrencies could be considered securities, given SEC Director William Hinmans statement on Thursday. In a 17-part tweet, Samani discussed the guidelines issued by the Securities Exchange Commission (SEC) on June 14. Hinman, the head of the SECs division Continued
The post Half of Top 10 Cryptocurrencies May Be Securities: Crypto Hedge Fund Executive appeared first on CCN
Heres why US regulators launched two criminal probes into crypto price manipulation within last three weeks
Within minutes of rumors spreading regarding the
SECs classification of both bitcoin and ether, the entire
crypto market breathed a sigh of relief as everyone enjoyed a nice
bounce. Prior to the news, bitcoin saw several days when buyers
began to disappear from the market. After bottoming in the low
$6,100s, the SEC news spread and a modest rally on relatively low
Figure 1: BTC-USD, 1-Hour Candles, Weak
Although the move was sudden, the overall volume behind the move
was poor. You can see on the hourly candles that the volume barely
made a noticeable blip on the radar. However, one noteworthy thing
occurred during the rally: The price managed to break back into the
macro trading range it has been bound by for the last 5-6
Figure 2: BTC-USD, Daily Candles, Macro Trading Range
Part of our previous discussion centered around known support levels and their implications. The first line of support was outlined around the $6,450 values. As you can see, the price temporarily dipped below support on high volume and saw a short closing rally which pushed the price back into the TR. Now, at the time of this article, we are testing the support of the $6,450 range again. If we fail to hold support, we will undoubtedly test the support of the February low ($6,000).
Although we are trending down for now, there is an argument to
be made from a macro perspective that we are actually witnessing
supply absorption within the context of a large scale Accumulation
Trading Range (TR). The volume trend suggests that there is
potential supply absorption and we are now heading toward a
potential shakeout (sometimes referred to as a spring):
Figure 3: BTC-USD, Daily Candles, Potential Accumulation TR
The low-volume, meandering price structure over the last several weeks is very representa...
Most German finance experts in a ZEW poll dont expect crypto to be a viable every payment option by 2020
Jeff Garzik first tuned the world into his latest venture in the
fall of 2017. The Bloq co-founder unveiled Metronome (MET), a
cryptocurrency he founded alongside Matthew Roszak, at the Las
Vegas Money 20/20 conference in late October, and the project
caught the attention of Bloomberg and Fortune at the time.
What makes Metronome interesting is that it promises its users cross-chain portability. It also purports to offer a consistent rate of inflation and no undue influence from founders after launch. These three promises Metronomes mantra of self-governance, reliability and portability set lofty expectations for the new company; anyone acquainted with Bitcoin and blockchain technology is likely to watch and see if it can deliver.
Garzik has stated in past interviews that he created Metronome as a new beginning, a project that embodies what he would do differently after building on Bitcoin for a number of years. Metronomes differences seem to suggest that the search for hyper-decentralization was Garziks touchstone for starting over. Imagine a coin being so intrinsically opposed to centralization, for instance, that it isnt beholden to a single blockchain.
Of course, as an ERC20 token, it is fundamentally tied to Ethereum; but the team claims that via smart contracts, users can swap the coin from chain to chain. From the get-go, this transferability will only be open to Ethereum Classic, Rootstock and QTUM. From there, it will be up to community coders to free up avenues to other chains. Keeping with the teams commitment to zero-to-no influence, Metronome will rely on the volunteer work of disparate developers to expand its offerings and improve its protocol.
As for the rest, theres little about the coin that speaks to convention. Instead of launching an initial coin offering (ICO), the project is holding a week-long descending-price auction. Unlike the more popular English-style auction, in a descending-price auction, price action descends as the auction progresses. For Metronomes, the price of 1 MET will start at 2 ether (ETH) and decrease each minute until all of the auctions 8,000,000 MET are sold or the sale ends.
Since the coin doesnt have or, in the future, will separate from a native chain, it offers no mining rewards. To circulate supply, then, Metronome will feature daily descending-price auctions after its initial token sale. According to the projects FAQ, MET is added to METs Daily Supply Lots (DSL...
The Bank of International Settlements intends to publish two cryptocurrency-focused chapters of its annual report this weekend.
The president of CBOE said that yesterdays statement from an SEC official noting that Ethereum is not a security could clear the way for the release of ETH futures
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