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Saturday, 17 February


Swiss Regulator Gives Clear Guidelines for Launching ICOs "IndyWatch Feed Crypto"

Swiss Regulator Gives Clear Guidelines for Launching ICOs

On February 16, 2018, the Swiss Financial Market Supervisory Authority FINMA put the world on notice by being the first major economy to set out clear guidelines on initial coin offerings (ICOs). In an announcement, the Swiss regulator addressed plans to apply financial market legislation to different tokens as well as lay out how ICO organizers can get proper input from FINMA when planning or launching their initial coin offerings.

The guidelines, offered as a downloadable PDF, show market participants what information is needed to help the Swiss regulator adequately address all issues presented in inquiries to the regulator, as well as how FINMA intends for current financial market legislation to be applied to ICOs. The published guidelines are intended to complement FINMA Guidance 04/2017, which in September 2017 addressed regulatory treatment of initial coin offerings.  

Important to note is FINMAs concern over creating transparency. According to the regulator, Creating transparency at this time is important given the dynamic market and high level of demand.

FINMA also cited an increase in the number of inquiries corresponding with a sharp increase in the quantity of planned and executed ICOs in the country as a motivating factor for the move.

The regulators concern over transparency is clearly illustrated when they state in the guidelines that ICOs raise a variety of legal issues for which there is no relevant case law and no consistent legal do...


FCC: Bitcoin Miner Interfered with T-Mobiles LTE Network in Brooklyn "IndyWatch Feed Crypto"

The Federal Communications Commission (FCC) has taken action against a Brooklyn resident who was using a Bitcoin miner because the machine was interfering with T-Mobiles 700 MHz LTE network in the city. FCC Commissioner Jessica Rosenworcel commented on the incident in a Tweet:

New York City resident Victor Rosario was issued a Notification of Harmful Interference and was ordered to turn off his Antminer S5 Bitcoin Miner after the FCC discovered that it was interfering with T-Mobiles wireless network. On November 30, 2017, in response to the complaint agents from the Enforcement Bureaus New York Office confirmed by direction finding techniques that radio emissions in the 700 MHz band were emanating from your residence in Brooklyn, New York, the FCC wrote in a complaint posted to its site.

When the interfering device was turned off the interference ceased. You identified the device as an Antminer S5 Bitcoin Miner. The device was generating spurious emissions on frequencies assigned to T-Mobiles broadband network and causing harmful interference.

The FCC warned Rosario that continued use of the device and therefore further interference with T-Mobiles network would be a violation of federal laws, and could subject the operator to severe penalties, including, but not limited to, substantial monetary fines, in rem arrest action to seize the offending radio equipment, and criminal sanctions including imprisonment.

Agency rules require operators of radio frequency devices to cease operating a device after receiving this type of notification. Operation shall not resume until the condition causing t...

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Friday, 16 February



FCC: Bitcoin Miner Interfered With T-Mobile Network "IndyWatch Feed Crypto"

The Federal Communications Commission says a crypto mining rig has caused interference with T-Mobile's LTE network in Brooklyn, New York.


Decentralized Exchanges Stake Their Claim in the Cryptocurrency Ecosystem "IndyWatch Feed Crypto"

Decentralized Exchanges Stake Their Claim in the Cryptocurrency Ecosystem

The cryptocurrency ecosystem has continued to take some major hits lately, causing many investors and holders to rethink the way they trade their crypto assets. Several high profile cryptocurrency hacks have made the news in the past few years. In one of the most recent hacks, the Japanese cryptocurrency exchange, Coincheck lost more than $500 million dollars worth of digital coins, adding to a growing perception that cryptocurrencies are particularly vulnerable to hackers.

Yet, as the total market capitalization of cryptocurrencies continues to increase (now above $4 billion), the most recent Coincheck hack may finally be a wake up call for crypto investors and holders.

As the vulnerability of centralized cryptocurrency exchanges is becoming more and more apparent to the cryptocurrency community, some are looking to alternatives in the form of decentralized exchanges.

Unlike a centralized exchange system that handles the trading of cryptocurrencies for its users, decentralized exchanges allow users to control their own funds within their own wallets. Decentralized exchanges do not rely on a third party service to hold a users funds, making them less vulnerable to large hacks. This also means that trades on a decentralized exchange happen directly between users in a peer-to-peer manner. These features make decentralized exchanges less vulnerable and much more transparent than centralized exchanges.

Decentralized exchanges such as AirSwap, Bisq,...


SEC Halts Trading of Three Companies with Assets Tied to Cryptocurrencies "IndyWatch Feed Crypto"

The U.S. Securities and Exchange Commission (SEC) has halted trading in three companies claiming acquisitions of assets tied to cryptocurrency and blockchain technologies. The agency said it had questions about their business operations and the value of the companies assets.

Cherubim Interests Inc., PDX Partners Inc., and Victura Construction Group Inc. issued similar press releases stating they acquired the assets from a subsidiary of a private-equity investor. Additionally, Cherubim shared its plans to launch an initial coin offering. In announcing the trading suspensions, the SEC repeated a warning to investors about companies that may be seeking short-term stock boosts by claiming involvement with blockchain technology.

The suspension notice was dated February 15th. The agency explained: The SECs trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things. According to the SEC order regarding CHIT, it also announced the execution of a financing commitment to launch an initial coin offering.

We did receive confirmation that they suspended trading this morning and that it will continue until March 2, Patrick Johnson, Chief Executive Officer of all three companies, said in a telephone interview. We havent made any false claims about anything that we have put out. Johnson is fully cooperating, added that he was surprised by the move and will provide the SEC with any information it requires.

Investors should give heightened scrutiny to penny stock companies that have switched their focus to the latest business trend, such as cryptocurrency, blockchain technology, or initial coin offerings, Michele Wein Layne, director of the SECs Los Angeles office, said in the agencys statement. The SEC can suspend trading for 10 days and ban brokers from activity in a stock until its reporting requirements are met.

In January, SEC Chairman Jay Clayton warned companies about changing their names just to cash in on the cryptocurrency craze. For months, Clayton has been sounding the alarm about initial coin offerings, a market that he has said is probably full of fraud: Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams.

The suspensions represent the latest move by the agency to halt tradin...


Several States Spearhead Bitcoin Adoption in the U.S. "IndyWatch Feed Crypto"

Several States Spearhead Bitcoin Adoption in the U.S.

U.S. states with positive attitudes have advanced towards bitcoin legalization a process that a growing number of elected officials consider inevitable, if not desirable. Numerous crypto-friendly bills have been introduced, and some of them have received approval in committees and houses of state legislatures. One wouldnt necessarily think of states like Arizona, Tennessee, and Wyoming as the backbone of a great nations economy. How about pioneers of its future development?

Also read: US Regulator Warns Against Pump-and-Dumps and Advises How to Buy Crypto

Bitcoin Doesnt Stink Arizona Will Take It

For some time now legislators in the Grand Canyon State have been thinking how to facilitate residents receiving incomes and profits in cryptocurrency. If bitcoin is good for ordinary citizens and businesses, it should be good enough for the state coffers, local lawmakers have decided. Last week Arizona got closer to accepting cryptos as legal tender for taxation purposes.

Several bills recognizing coins as currencies have been making their way in the State Legislature, as reported. Two of them, SB1091 and...


SEC Suspends Trading of 3 Penny Stocks With Tenuous Ties to Cryptocurrency, Blockchain "IndyWatch Feed Crypto"

SEC Suspends Trading of 3 Penny Stocks With Tenuous Ties to Cryptocurrency, Blockchain

Today, February 16, 2018, the Securities and Exchange Commission (SEC) issued a press release announcing trading suspension of three companies that acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The three companies in question, PDX Partners, Inc., Victura Construction Group, and Cherubim Interests, Inc., had trading of their stocks suspended for 10 days by the SEC under the auspices of public interest and investor protection. Neither the SEC suspension orders, nor any of the announcements by the companies surrounding the acquisitions, however, seem to actually focus on blockchain or cryptocurrencies. The assets that were acquired were trust units (shares) in a management company for a private equity fund that invests in at least 12 disparate sectors, including blockchain and cryptocurrencies.

According to the orders of suspension by the SEC, the companies all set off alarm bells for the regulators when Victura Construction and PDX Partners issued press releases on January 4, 2018, related to the pending share acquisitions. Cherubim Interests issued a press release on January 3, 2018, to the same effect but was also cited by the SEC for its delinquency in filings with the SEC.

All three companies are helmed by CEO Patrick Johnson, former NFL journeyman wide receiver. All three companies are penny stocks with outdated financial information and unaudited or poor bookkeeping. These so-called penny stocks are typically a great concern for U.S. regulators as they are often the subject of attempted price manipulation or fraud...


Hydro-Quebec Mulls Higher Rates as Bitcoin Miners Demands Surge "IndyWatch Feed Crypto"

The post Hydro-Quebec Mulls Higher Rates as Bitcoin Miners Demands Surge appeared first on CCN

Rising demand for Montreals low-cost hydroelectric power among bitcoin miners could spur higher electricity rates. Hydro-Quebec revealed it may consider hiking the cost for bitcoin miners given a flood of pent-up demand in the region, which would thwart the plans of bitcoin miners who depend on low rates for the massive amounts of electricity it requires Continued

The post Hydro-Quebec Mulls Higher Rates as Bitcoin Miners Demands Surge appeared first on CCN


Chicago Crypto Trader Kim Embezzles $2 Million Worth Of Funds "IndyWatch Feed Crypto"

A trader at Consolidated Trading LLC faces allegations of wire fraud in the amount of $2 million. Joseph Kim, 24, is accused of embezzling funds in both Litecoin and Bitcoin from his employers coffers. The case is something of a landmark in that it is the first criminal prosecution to involve the cryptocurrency trading industry. Kim was charged on Thursday and is scheduled to appear in court today. Bringing the case is the US Attorney for Chicago, John Lausch.

Consolidated added a digital currency department last September. According to a report in Fortune, Kim was transferred to the unit and within days had started his fraudulent activity. This was after hed expressly agreed to stop all personal trading.

According to the prosecutor, on the weekend of his start, 980 Litecoins were transferred from Consolidated to a wallet that had no connection with the firm. It was the following week that the LTC transfer was found out. When questioned by a supervisor about the missing funds, Kim claimed hed transferred the virtual currency to a personal digital wallet for safety reasons. This, according to the US, would be used only as an intermediary holding space. His superior queried the necessity of this, to which Kim replied that he was experiencing trouble with the exchange Bitfinex and wanted to avoid any further issues.

Kim concluded by stating that hed since returned the Litecoin to a wallet under Consolidated control. When FBI agents searched records for evidence of this, they determined that no such transfer had occurred.

In November, the US contest that Kim stepped his game up. According to the charges, a supervisor noticed that 55 Bitcoin had been transferred to Kim. At the time of writing, a haul of over half a million dollars. Again, superiors questioned Kim. This time, he replied that the transaction of the Bitcoin had been blocked and hed attempted to unblock it. It was understood by the senior employee that the funds would be returned to Consolidateds account.

Some of the funds did indeed make it back to the wallet controlled by the firm. However, 28 remained missing on the weekend of November 25.

The US alleges that Kim had stolen the digital currency. Its thought that he covertly transferred over 284 BTC from company wallets to a personal wallet to use in his own trades. All of these have since been accounted for. Kim is said to have later transferred them back to the Consolidated wallet in two separate transactions.

When confronted again, Kim admitted hed been actively trading for personal gains. He said hed used around 55 Bitcoin that belonged to Consolidated. He put them into short future positions and later converted the Litecoin into Bitcoin too. To cover his margin calls for...


Gaming Company Atari Announces Investment In Crypto, Share Price Spikes "IndyWatch Feed Crypto"

Holding company Atari SA, which contains the former gaming company that published Tetris, saw a more than 60 percent share price hike after announcing a crypto investment #NEWS


Crypto Regulations Not Close US Security Coordinator Says At Conference "IndyWatch Feed Crypto"

Regs for US on crypto are not close as the government is studying the issues, White House cybersecurity coordinator says. #NEWS


Crypto Regulation? Not Anytime Soon, Says White House Official "IndyWatch Feed Crypto"

The White House cybersecurity coordinator said crypto regulation is still far from becoming a reality.


Coinbase Customers Suffer Erroneous Charges "IndyWatch Feed Crypto"

The post Coinbase Customers Suffer Erroneous Charges appeared first on CCN

With customers experiencing erroneous credit card charges for cryptocurrency purchases, Coinbase has blamed Visa for the charges but claims it is working with Visa to ensure all affected customers are reimbursed. Coinbase said the charges were caused by Visa reversing and recharging transactions. Coinbase Makes Its Case Over the last few months, banks and card Continued

The post Coinbase Customers Suffer Erroneous Charges appeared first on CCN


Atari Partners with Infinity Networks Ltd to Launch Own Cryptocurrency: Atari Token "IndyWatch Feed Crypto"

Atari, the company behind such nostalgic video games as Pac-Man and Pong, is planning to launch its own cryptocurrency, Atari Token. Shares in the Paris-based company have soared more than 60% since it gave further details of its crypto push on February 8th, after originally outlining some of the plans in December.

To make it possible, the company is taking a stake in Gibraltar-based Infinity Networks Ltd and has licensed its brand to the firm. Together they will be building a blockchain-based digital entertainment platform and, as part of that agreement, will create an accompanying digital currency. The name selection is a notable one, given that Atari had previously created an Atari Token to serve as a currency for making in-game purchases. Whether the newly-announced Atari Token will serve that purpose remains to be seen. The company is also expanding its online casino-gaming partnership with Pariplay Ltd to allow gambling with digital currencies. 

Atari CEO Fred Chesnais is quoted in the companys release, saying:

Blockchain technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions. Given our technological strengths with the development studios and the global reputation of the Atari brand, we have the opportunity to position ourselves attractively in this sector. Our objective is to take strategic positions with a limited cash risk, in order to optimize the assets and the Atari brand.

Atari isnt the only stock that has benefited from links with cryptocurrencies. Last month, shares of Eastman Kodak Co. jumped 245% in two days after it announced its working with a company that promotes paparazzi photos to offer a blockchain-based service for paying photographers. And, this December in perhaps the most strange of such moves the unprofitable iced-tea company formerly known as Long Island Iced Tea Corp. gained 183% in a day after re-branded as Long Blockchain Corp.

The post Atari Partners with Infinity Networks Ltd to Launch Own Cryptocurrency: Atari Token appeared first on NewsBTC.


Ellen DeGeneres on Bitcoin: It's 'Either Worth $20K or Nothing' "IndyWatch Feed Crypto"

Ellen DeGeneres says she has learned about bitcoin...but only 'a bit.'


PR: World Blockchain Forum Brings Global Blockchain Elite to Dubai "IndyWatch Feed Crypto"

World Blockchain Forum Dubai

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

Dubai, UAE

Following the historic response to sister event The North American Bitcoin Conference, held in Miami earlier this year, Keynote has released details of their World Blockchain Forum in Dubai, 16th and 17th April.

Known as a global centre for innovation and investment opportunity, Dubai provides an inspirational backdrop for the 3rd annual World Blockchain Forum. Visionary leaders, economic pioneers and enterprising investors from around the world will come together for one of the most exclusive events on the global blockchain calendar.

As the longest-running crypto-technology conference in Dubai, WBF will delve into the innovative possibilities of blockchain technology, the impact of cryptocurrencies on global financial markets and the shifting landscape of ICOs.

With more than 500 Bitcoin and blockchain innovators and investors expected to attend, WBF Dubai builds on the success of similar events in London, Los Angeles and Chicago as part of the World Blockchain Forum. The two-day event focuses on the future of finance and investment, successful past and future ICOs, regulation & governance, and considers how decentralization continues to disrupt the banking sector.

We are thrilled to host another meeting of brilliant minds in the heart of the UAE and look forward to welcoming leaders of the crypto community from around the globe. Since 2015 we have been committed to bringing more companies and dedicating more resources to the UAE, to bring His Highness Sheikh Hamdans blockchain strategy and vision to life, said Moe Levin, Founder and CEO of Keynote.

World Blockchain Forum Program Details
Held at the stunning Madinat Jumeirah overlooking the Gulf, this years i...


US Government Not Passing Bitcoin Regulations Anytime Soon: White House Official "IndyWatch Feed Crypto"

The post US Government Not Passing Bitcoin Regulations Anytime Soon: White House Official appeared first on CCN

The US government wont be passing Bitcoin regulations anytime soon, at least according to one White House official. Rob Joyce, special assistant to the president and White House cybersecurity coordinator, stated during an interview with CNBC that although the government is concerned about Bitcoin and other public cryptocurrencies, officials are still a long way from Continued

The post US Government Not Passing Bitcoin Regulations Anytime Soon: White House Official appeared first on CCN


Munich Security Conference: U.S. Govt. Nowhere Close to Regulating Bitcoin "IndyWatch Feed Crypto"

Speaking at the Munich Security Conference, the White House cybersecurity coordinator has stated that the U.S. government is nowhere close to regulating Bitcoin. He particularly emphasised the need to better understand the cryptocurrencys risks and benefits before embarking on any sort of regulatory regime.

Hundreds of world leaders and security chiefs are gathered at Munichs luxury Hotel Bayerischer Hof this weekend in whats been called the Academy Awards for security policy wonks. The Munich Security Conference comprises three days of debates, speeches, and sideline meetings regarding international defence policy, and is attended by top world leaders, as well as CEOs, human rights campaigners, and environmentalists.

Speaking with CNBC, Rob Joyce, special assistant to the President and White House cybersecurity coordinator, said theres a long way to go before the U.S. government starts regulating Bitcoin and other cryptocurrencies. Joyce emphasized the need to better understand the cryptocurrencys risks and benefits before moving forward with any sort of regulation: I think were still absolutely studying and understanding what the good ideas and bad ideas in that space are, he said when asked about the potential for government regulation. So, I dont think its close.

Bitcoin is a decentralized and digital, and unlike fiat currencies such as the dollar its not backed by a central authority. And as transactions are anonymous, the coin has been accused of making it easier for those engaged in illicit activities to hide their money. But this ability that Bitcoin and other cryptocurrencies offer to avoid traditional restrictions on money and assets is part of what makes it so popular to those who use it. That decentralization is also much of the reason its price swings so wildly.

We are worried. There are benefits to the Bitcoin concept digital cash, digital currencies, Joyce said. But at the same time, if you look at the way Bitcoin works after there is a criminal act that takes place, you cant rewind the clock and take back that currency. Joyce described the inherent problem with this lack of a trail, noting that in the case of credit card theft, for instance, individuals or companies can contact their banks and purchases can be undone and the cash retrieved.

Business and policy leaders are divided over the future of cryptocurrencies and associated technology. The International Monetary Fund (IMF) has said it will have to be regulated, while South Koreas threat of regulation in early 2018 sent waves across the crypto-world. France and Germany are said to b...


Atari Joins Growing List of Old Brands Trying To Revitalize Through Cryptocurrency "IndyWatch Feed Crypto"

Atari Joins Growing List of Old Brands Trying To Revitalize Through Cryptocurrency

For generation X-ers, old enough to remember a time when photographs were analogue and games consoles were 16-bit, brands such as Kodak and Atari evoke fuzzy nostalgia. Nothing perfect lasts forever though, and those companies which once dominated their respective spheres have not aged well. Many assumed these 80s stalwarts had already given up the ghost amidst growing financial problems. As it turns out, not only are the Kodaks and Ataris of the world still limping on, but theyre seeking an injection of new blood and fresh capital in the form of an ICO (Initial Coin Offering).

Also read: Kodak Getting Into Bitcoin Mining

The Childhood Companies Coming for Your Crypto

Atari Joins Growing List of Old Brands Trying To Revitalize Through CryptocurrencyKodaks descent from photographic giant to failed firm desperately trying to find its niche is a sad one for anyone old enough to associate the name with better times. In the pre-digital age, companies such as Kodak and Atari were mainstays of popular culture. Times change and the companies that fail to innovate get left behind. Kodaks sudden transformation into crypto miner and ICO entrant has already been picked apart. Ataris has attracted less scrutiny, but bears many of the same hallmarks.



Prosecutors Accuse Chicago Trader of $2 Million Crypto Theft "IndyWatch Feed Crypto"

A Chicago trader has been charged with fraud for allegedly misappropriating $2 million in cryptocurrencies from his employer.


Switzerland Lays out Guidelines in Support of ICOs "IndyWatch Feed Crypto"

The post Switzerland Lays out Guidelines in Support of ICOs appeared first on CCN

Switzerlands financial watchdog, the Swiss Financial Market Supervisory Authority (FINMA), recently published initial coin offering (ICO) guidelines that reveal the regulator will oversee the fundraisers and regulate them either under anti-money laundering laws, and as securities. The guidelines show FINMA is looking to clarify how token issuers should proceed in the country, as the regulator Continued

The post Switzerland Lays out Guidelines in Support of ICOs appeared first on CCN


Swiss Finance Regulator to Treat Some ICO Tokens As Securities "IndyWatch Feed Crypto"

Switzerland's financial regulator has released new guidelines indicating it will treat some initial coin offerings (ICOs) as securities.


Crypto Genius James Altucher Seeks $280 Million Valuation for Blockchain Startup Bitzumi "IndyWatch Feed Crypto"

The post Crypto Genius James Altucher Seeks $280 Million Valuation for Blockchain Startup Bitzumi appeared first on CCN

Crypto genius James Altucher is back, and hes got big plans. Altucher, the so-called face of Bitcoin, and his company, Bitzumi, are seeking to raise $10 million to launch a full-service blockchain startup that will, among other things, feature a cryptocurrency exchange. That figure might not seem like that much, but as the SEC filing Continued

The post Crypto Genius James Altucher Seeks $280 Million Valuation for Blockchain Startup Bitzumi appeared first on CCN


The BitCoen Token Sale Is Complete "IndyWatch Feed Crypto"

On February 15, 2018, the Bitcoen project completed itstoken sale, having successfully reached the declared hard cap of$2.5 million.

The BitCoen team is working to get the Bitcoen token listed on popular crypto-exchanges.

TheBitCoen token will undergo all the necessary checks, and we expect that in mid-March it will be traded on, commented Vice-President of BitCoen David Dyshko. Later the token will appear on other exchanges. We want to thank all those who supported the BitCoen project.Your trust is very important tous. During the token sale, we realized that BitCoen is more than a Jewish blockchain project. The idea of BitCoen was supported by different communities: ethnic groups, travelers all who havea need for a single crypto currency that can be used in different countries. So now we can say that Bitcoen is the first Community Open Exchange Network.

The projects geography covers more than 200 countries. According to the companys representatives, most of the requests to purchase BitCoen tokens came from Israel, Russia, Germany, Italy, Spain, England, Turkey, Ukraine, India, Venezuela, Vietnam, Indonesia and Pakistan.

Blockchain 3.0

The BitCoen ecosystem includestheBitCoen token and an offline and online payment system that allows BitCoen to be used in everyday life:the international loyalty program BitCoen (BitCoen Loyalty), the BitCoen wallet (BitCoen Wallet),a marketplace for businesses (Bitoen Platform) and an advertising platform (BitCoen ADV).

The BitCoen blockchain is our own development, says Dyshko. Its uniqueness lies, first, in the speed of 1,000 transactions per minute.Now it is the fastest blockchain in the world. The second unique feature is the absence of a commission for transactions. Third, the BitCoen blockchain is sustainable: it does not involve mining of proof of work or proof of stake. Confirmation of transactions occurs through the protocol of proof of time.That is, high transaction speed is a guarantee of its reliability.

The project team has already started developing a mobile application for the BitCoen wallet. Together with this, negotiations are continuing with potential partners of the project, which will soon become part of a single Bitcoen ecosystem.

The post The BitCoen Token Sale Is Complete appeared first on NewsBTC.


$10K Again for Bitcoin, But Other Cryptos Outperform "IndyWatch Feed Crypto"

Another week, another spin of the markets. This time, litecoin came out on top with the world's fifth most valuable crypto posting big gains.


Trader at Chicago Firm Stole Millions in BTC Faces 20 Year Sentence "IndyWatch Feed Crypto"

Bitcoin Trader Facing 20 Year Prison Sentence in $2 Million Caper

Late 2017 will long be remembered as the time when bitcoin went mainstream. Prices were mooning, and the general atmosphere was one of fear of missing out. That sentiment was especially true in trading circles, and more traditional outlets were experimenting with cryptocurrency divisions in order to take advantage. One such experiment went sour, as a trader attempted to play upon relative company ignorance by shorting bitcoin and covering personal margin calls, with the affair ending in million dollar losses and a first of its kind federal prosecution.

Also read: Citibank India Bans Bitcoin 

Bitcoin Trader Faces 20 Years in Prison

Consolidated Trading, LLCs Joseph Kim, according to federal authorities, emailed, Until the end I was perversely trying to fix what I had already done. I cant believe I did not stop myself when I had the money to give back, and I will live with that for the rest of my life. You have every apology I have to give, I am sorry to betray you all like this.

John R. Lausch Jr, United States Attorney for the Northern District of Illinois in conjunction with the Federal Bureau of Investigation (FBI), insists Mr. Kim worked as an assistant trader fora Chicago trading firm that recently formed a cryptocurrency group to engage in cryptocurrency tradingOver a two-month period in the Fall of last year, Kim misappropriated at least $2 million of th...


Ellen DeGeneres Is Down With Bitcoin "IndyWatch Feed Crypto"

The post Ellen DeGeneres Is Down With Bitcoin appeared first on CCN

If there was any doubt that bitcoin is making its way into the mainstream, Ellen DeGeneres has just dispelled those myths. Telling her audience that shes down with bitcoin, Ellen used her comedic talent to describe bitcoin by comparing the top cryptocurrency to a goat and even talking BTC price. She used her ability to communicate Continued

The post Ellen DeGeneres Is Down With Bitcoin appeared first on CCN


SEC Suspends 3 Companies Claiming Crypto Connection "IndyWatch Feed Crypto"

The SEC has temporarily halted trading of three companies after comments they made about cryptocurrency and blockchain-related business moves.


Hardly Anyone at All Is Reporting Their Bitcoin Gains to the IRS "IndyWatch Feed Crypto"

Bitcoin IRS(TMU)  According to a recent study from Credit Karma Tax, a very small percentage of the people who own cryptocurrency are actually reporting it to the IRS. Fewer than 100 of 250,000 federal tax returns prepared and filed so far this year through the company have reported cryptocurrency gains and losses, Credit Karma told CNBC on Tuesday. Generally, []


Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July "IndyWatch Feed Crypto"

The post Strategist Tom Lee Predicts New All-Time Highs for Bitcoin in July appeared first on CCN

Tom Lee, co-founder of Fundsrat Global Advisors, the only major Wall Street strategist covering bitcoin, expects bitcoin to reach new highs again in July, according to Bloomberg. The cryptocurrency has been posting some recovery since falling 70% from its Dec. 18 high to its Feb. 6 low. Lee, who urged caution during bitcoins record bull Continued

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Dont Understand Bitcoin? Think Of It As A Digital Goat, Says Ellen Degeneres "IndyWatch Feed Crypto"

Ellen Degeneres explains Bitcoin to her live audience by comparing digital currency to an untouchable goat that only exists online #NEWS


CoinBase Fiat Side Glitch Opens Butts For Hurts "IndyWatch Feed Crypto"

An unnamed bug in Coinbase's purchasing system is responsible for multiple cases of SFYL this week, with angry redditards reporting having their bank accounts drained of filthy fiat after making a single purchase on the platform. As always, Coinbase was quick to lay the blame elsewhere, stating We have confirmed that this is an issue occurring downstream from Coinbase, and were working with those parties to reach a resolution.

The glitch went unnoticed from Jan.22 until Feb.11 and "customer service" reps from Coinbase say everyone should rest assured that they will be refunded in full. The company recently made changes to how it handles credit card purchases, listing them as "cash advances" at the point-of-sale, resulting in all the customer's cash being advanced directly to Coinbase's coffers. The front page of r/Coinbase on reddit stands as a testament to the escalating number of rubes who probably now wish they were using actual bitcoin.


New Steam Game Offers One Bitcoin To First Player Who Cracks 24 Enigmas "IndyWatch Feed Crypto"

Solve 24 enigmas and win one bitcoin, claims new Steam game set for release Feb. 20. #NEWS


Japans Financial Regulator To Conduct Inspections Of 15 Unregistered Crypto Exchanges "IndyWatch Feed Crypto"

Japans financial regulator to inspect unlicensed crypto exchanges after Coincheck hack. #NEWS


Bitcoin Cash Price Leads the Market as BTC Retreats Below $10,000 "IndyWatch Feed Crypto"

The post Bitcoin Cash Price Leads the Market as BTC Retreats Below $10,000 appeared first on CCN

The cryptocurrency market recovery finally began to stall on Friday, potentially bringing an end to the longest rally of 2018. The Bitcoin Cash price, however, continued to post double-digit percentage gains even as other coins began to trade sideways. Yesterday, the cryptocurrency market cap had reached a pinnacle of $486.5 billion, its highest point since Continued

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US Regulator Warns Against Pump-and-Dumps and Advises How to Buy Crypto "IndyWatch Feed Crypto"

US Regulator Warns Against Pump-and-Dumps and Advises How to Buy Crypto

The U.S. Commodity Futures Trading Commission (CFTC) has issued its first warning against pump-and-dump schemes involving cryptocurrencies while giving advice on how to buy crypto. This warning follows previous warnings by two other U.S. regulators.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

CFTCs Warning

US Regulator Warns Against Pump-and-Dumps and Advises How to Buy CryptoThe CFTC issued a Customer Protection Advisory on Thursday to warn the public to beware of and avoid pump-and-dump schemes that can occur in thinly traded or new alternative virtual currencies, digital coins or tokens.

CFTC Director of Public Affairs Erica Elliott Richardson explained, As with many online frauds, this type of scam is not new it simply deploys an emerging technology to capitalize on public interest in digital assets, adding that:

Pump-and-dump schemes long pre-date t...


Vitalik Buterin To Advise New Ethereum Community Fund Sponsoring ETH Infrastructure "IndyWatch Feed Crypto"

Vitalik Buterin to advise new Ethereum Community Fund aimed at funding ETH infrastructure. #NEWS


Silent No More: Ethereum Users Spurn Recovery Code "IndyWatch Feed Crypto"

Community members have taken to Github to express their discontent over a controversial proposal for lost fund recovery.


Hackers Injected Cryptocurrency Mining Malware into 4,275 Government Websites They Only Made $24 "IndyWatch Feed Crypto"

The post Hackers Injected Cryptocurrency Mining Malware into 4,275 Government Websites They Only Made $24 appeared first on CCN

Earlier this week, hackers infiltrated Browsealoud, a free text-to-translation tool, and injected the Coinhive cryptocurrency mining malware script into the tools JavaScript codebase. Consequently, the estimated 4,275 websites using Browsealoud including some operated by government agencies in the US and UK became unwitting pawns in a cryptocurrency mining malware gambit, believed to be Continued

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Japan: Crypto Group Merger For Self-Regulation Is Not Fact Says Executive Director "IndyWatch Feed Crypto"

Nothing final about their self-regulatory merger, Japanese crypto group director says. #NEWS


Bitcoin Foundations Llew Claasen Says Bitcoin Will Hit $40,000, 90% Of Altcoins Will Fail "IndyWatch Feed Crypto"

Llew Claasen predicts Bitcoin to hit $40,000 by the end of 2018, while claiming that 90% of altcoins are doomed to fail. #NEWS


Spains Government Prepares to Lure Blockchain Firms, ICO Issuers "IndyWatch Feed Crypto"

The post Spains Government Prepares to Lure Blockchain Firms, ICO Issuers appeared first on CCN

The Spanish government is reportedly preparing legislation that includes possible tax incentives to lure blockchain companies into the country. The Peoples Party (PP) of Spain, the countrys ruling party, is weighing up legislation to specifically attract blockchain firms due to the technologys potential in a number of industries including finance, education, and health, according to Continued

The post Spains Government Prepares to Lure Blockchain Firms, ICO Issuers appeared first on CCN


Bitcoin Isnt the Currency for Money Laundering, US Bank Pays $613m Fine "IndyWatch Feed Crypto"

Money laundering has always been a big problem in the financial sector. Turning dirty money into clean money makes it nearly impossible to trace criminal activity. One could argue money laundering is a sold as the banks themselves. US Bancorp is fined $613m to settle willful violations of the Bank Secrecy Act. It is once again evident financial institutions are the go-to solution to launder money. Cryptocurrencies such as Bitcoin, on the other hand, are very small fish in this cesspool.

Addressing money laundering problems is not easy by any means. With so many people involved in these processes, its only natural some transactions go by unnoticed. Banks staffers often fail to recognize or report suspicious transactions. In the case of US Bancorp, it will cost them a hefty penny. With $613m in fines to be paid, some bank members will be to blame. It also shows how relatively easy it is to launder funds through the banking system. There are quite a few institutions who either dont flag transactions or do not bother to deal with the reporting side of things.

US Bancorp Fined for Money Laundering

Most of the fines will be paid to the US Treasury. The remainder will go to FinCEN, The Federal Reserve, and the Office of the Comptroller of the Currency. While such a fine is steep, its usually a drop in the bucket. Entities such as US Bancorp can make a lot more money from processing these illicit transactions like normal. They collect fees for every transaction, after all. This fine will not necessarily make any big dent in their earnings. More worryingly, people will probably forget US Bancorp was even involved in this scandal in a few months from now.

It is uncanny how these are the same banks who tell people Bitcoin is a tool for criminals and terrorist. Unlike the systems used by US Bancorp and consorts, Bitcoin is as transparent as it can get. There is a degree of pseudonymity, but people can flag transactions in real-time. All information other than users identities is public and traceable. Converting Bitcoin to real money needs to be done through brokers or exchanges. These companies perform ch...


Bitcoin Cash Hits $1.5K Amid Short-Term Bull Reversal "IndyWatch Feed Crypto"

Bitcoin cash has rallied sharply from recent lows, but still remains trapped inside a bearish pattern, price charts indicate.


From Gibraltar to Australia: How Countries Approach ICOs "IndyWatch Feed Crypto"

With the boom in ICOs over the last year or so, there has been an increased need for regulation, however, with no global standard, different countries are taking different approaches. #INFOGRAPHICS


Japanese Crypto Associations Merging to Restore Trust Across the Industry "IndyWatch Feed Crypto"

Japanese Crypto Associations Merging to Restore Trust Across the Industry

Japans two cryptocurrency associations have reportedly decided to merge in order to restore trust in the industry and accelerate self-imposed rules. Once approved by the Japanese financial regulator, the new organization will have the power to set penalties for breaches of self-regulation.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Two Crypto Associations Merging

Japan currently has two cryptocurrency industry associations: the Japan Blockchain Association (JBA) and the Japan Cryptocurrency Business Association (JCBA). The former is headed by Bitflyer CEO, Yuzo Kano, and has a total of 88 members, while the latter has a total of 154 members, according to Minkabu publication.

Japanese Crypto Associations Merging to Restore Trust Across the IndustryThe two organizations have reportedly been in talks to merge after the hack of one of the countrys largest exchanges, Coincheck,...


Tether Creates Over 146 Mln New EUR, USD Tokens Based On Ethereum Blockchain "IndyWatch Feed Crypto"

60.1 mln Ethereum-based USDT tokens and 86 mln EURT tokens come from Tether. #NEWS


Japan's Finance Watchdog to Inspect 15 Unlicensed Crypto Exchanges "IndyWatch Feed Crypto"

The Japanese government said today that inspections will take place at 15 unlicensed cryptocurrency exchanges in light of a recent major hack.


Research Shows British Companies Are Diversifying Crypto Stockpiles, No Longer BTC-Focused "IndyWatch Feed Crypto"

Survey shows that British business with crypto stockpiles have diversified beyond BTC to altcoins #NEWS


The Guide for Starting a Crowdsale Contract for ICOs "IndyWatch Feed Crypto"

Every other company, especially the ones dealing with cryptocurrencies and blockchain technology wants to host its own crowdsale and raise funds. This has led to an unprecedented rise in interest among people, who wish to know more about the whole token sale process. This article aims to provide a brief insight into some of the steps ought to be taken by those who are embarking on an ICO campaign.

Only a small portion of companies opting for an ICO tend to complete it with performance much better than earlier expectations. Some of the things to be considered include

Getting Started

The most important part of any project is the team itself. With a team and a business plan in place, the next logical step is to have a solid business plan, followed by the project implementation. The most important and complex task of this stage is the creation of Crowdsale contract (The ICO Contract).

What is the Crowdsale Contract?

The crowdsale contract is a program for the development and distribution or sale of the projects tokens. There are different ways for developing the contract, each having its own pros and cons and level of simplicity and reliability.

The Ways for Creating Crowdsale Contract

  1. Using the Internal Resources

Just like any other project, the projects own resources are the primary or initial resources used by the project manager for creating the contract. In case of insufficient availability of in-house funds and expertise, this method is risky. This is because Ethereum network and Solidity programming language are significantly different from traditional program, requiring a higher investment. We have many examples where millions of US dollars were lost or frozen due to inappropriate resources used by the developer.

  1. Finding the Best Developer

In view of the above challenge, the recommended way to create the contract is to find the most suitable developers as per the nature of the project. This may seem as a simple task considering the growing popularity of blockchain and increasing number of people willing to invest in it. However, the following challenges usually arise during the process.

  • Lack of expert developers
  • High cost charged by the developers
  • Lack of Tools to evaluate developers skills
  • Need for testing and auditing by a third party

Considering these challenges, finding the best qualified specialists and audit firm, becomes a time-taking process.

  1. Go for an ICO Agency...


Japans Cryptocurrency Industry is Launching a Self-Regulatory Body "IndyWatch Feed Crypto"

The post Japans Cryptocurrency Industry is Launching a Self-Regulatory Body appeared first on CCN

Japans two primary cryptocurrency industry groups are merging to form a new self-regulatory entity following the recent $530 million hack of Tokyo-based exchange Coincheck. The unnamed new entity is set to launch April 1, the Nikkei reports, a year to the day after Japans revised Payment Services Act which recognizes bitcoin as a legal Continued

The post Japans Cryptocurrency Industry is Launching a Self-Regulatory Body appeared first on CCN


PR: Anonymous and Decentralised ID by Biometrids "IndyWatch Feed Crypto"

Anonymous and Decentralised ID by Biometrids

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

Identity theft is one of the biggest crimes afflicting countries like the United States and Britain. According to a recent report, in 2016 alone, American citizens lost about USD 16 Billion due this misdemeanour. This figure increases to a staggering USD 106 Billion if we considered a ten year period up to 2016. In the United Kingdom, home to one of the financial capitals of the world, identity theft has doubled over an eight year period ending 2016. Clearly, investors are at risk while transacting money online.

Thankfully, there is a way out of this mess and Biometrids leads the way to minimizing identity theft.

Biometrids What do they do?

This company specialises in the creation of anonymous and decentralised IDs and is revolutionizing the blockchain ecosystem. Using Machine Learning, the Biometrids platform uses facial recognition to verify people as per their credentials.

There are two key terms that are used here, anonymous, and decentralised.

How do they do it?

IDs are anonymous because the usage of the blockchain platform ensures that everyone remains invisible. Their identities are never revealed and therefore the users are safe from any fraudulent dealings.

The entire process is decentralized too because the process of authentication of online identities can be vetted by any user on the platform.

Organizations looking to avoid online identity theft can connect with Biometrids through an API.
Adopting the Biometrids platform, it is possible to execute the following;

1. Ensure that the concerned parties are genuine
2. Identify impostors and avoid identity fraud
3. Use this technology to identify people from other countries where it is not in use currently
4. The decentralized nature o...


0x Introduced in South Korea, Will Upbit Leads its Momentum? "IndyWatch Feed Crypto"

South Korea has quickly become a critical region for all cryptocurrencies. Any local exchange is of great interest to both Korean and international traders. When companies such as Upbit add a new coin to be traded, there will be a genuine interest in it. In the case of 0x, it will be interesting to see how it performs in South Korea. The addition of XRZ to Upbit may herald a new era for this project as a whole.

South Korea has become the new China for alternative cryptocurrencies. More specifically, it was very important for altcoins to get listed on Chinese exchanges in the past. Such developments often resulted in major price gains and overall positive momentum. Ever since China became a trivial cog in the cryptocurrency machine, South Korea has taken its place. Any currency listed on Korean exchanges is worth keeping an eye on. Upbit, the countrys second-largest exchange, is adding new coins on a rather regular basis right now.

Upbit Adds 0x to Their Platform

Their latest addition comes in the form of ZRX, the native token of the 0x protocol. It is an interesting choice, for many different reasons. A lot of people consider 0x to be the cryptocurrency-related protocol worth keeping an eye on. This decentralized exchange framework is of great interest to a lot of traders. Slowly but surely, the industry is moving to decentralized exchanges rather than centralized counterparts. Even so, companies such as Upbit will always have a place in the world of cryptocurrency exchanges.

With the Korean exchange now listing 0x as a trading market, an interesting situation is created. It seems the company lists all tokens traded on the Bittrex exchange. More specifically, 0x was added to Bi...


Is Bitcoin a Waste of Resources? "IndyWatch Feed Crypto"

Is Bitcoin a Waste of Resources? Stephen Williamson Federal Reserve Bank of St. Louis, Early Edition 2018         Abstract: Do Bitcoin and other cryptocurrencies play a useful social role, or do they represent a social waste? Bitcoin is a decentralized recordkeeping system, with updating of the record of transactions in the blockchain. Potentially,

Read More

The post Is Bitcoin a Waste of Resources? appeared first on The Big Picture.


Pullback on Hand? Bitcoin Shows Weakness Above $10K "IndyWatch Feed Crypto"

Having found weak hands above the $10,200 mark in Asian hours, bitcoin has slipped back into four figures.


Accidental Charges Lead To Coinbase Users Losing Thousands Of Dollars, Refunds Promised "IndyWatch Feed Crypto"

Coinbase exchange has acknowledged an error that led to overcharging customers, promises refunds in full to all affected #NEWS


South African President Steps Down as Banks Embrace Blockchain Technology "IndyWatch Feed Crypto"

Jacob Zuma corruption scandal damaged one of Africas biggest economies #EXPERT_TAKE


Blockchain Backed By Silver! (Video) "IndyWatch Feed Crypto"

Blockchain Backed By Silver! Video Truth Never Told Video Source

The post Blockchain Backed By Silver! (Video) appeared first on The Daily Coin.


Vitalik Hopes New Ethereum Fund Will Deliver on Hype "IndyWatch Feed Crypto"

A group of notable ethereum startups are partnering to create a new financial fund designed to boost the blockchain's ecosystem.


As Bitcoin Goes Over $10,000, Analyst Makes Big Predictions For 2018 "IndyWatch Feed Crypto"

Unrepentant cryptocurrency bull Tom Lee predicts Bitcoin will reach $25,000 in 2018 and $125,000 by 2022.

Aggressive Predictions For Bitcoins Future

Tom Lee was the first major Wall Street analyst to cover Bitcoin and has remained bullish about the cryptocurrency market since. In his latest report, Fundstrat Global advisors head of research called for some high numbers in the coming years.

Having analyzed 22 bitcoin depreciations of more than 20% he found that recoveries take 1.7 times the duration of a decline in a bull market, to which he added that this is still a bull market. Given that trend, Bitcoin would make a complete recovery by July.

We expect bitcoins major low to be $9,000, and we would be aggressive buyers around that level. We view this $9,000 as the biggest buying opportunity in 2018.

Lee said in his report on Thursday

Lees formula for valuing bitcoin measures money supply growth, the ratio of alternative currencies like gold to the money supply and a digital currencies share of those alternatives. He also expects to see substantial interest in crypto commodities from institutional investors in the coming year.

Lee said in his report that the $10,000 mark, which Bitcoin recovered this week, is an important psychological key for investors watching the recovery. Noting that the bottoms of the recent decline have all been V-shaped he went on to predict some big numbers.

Lee said on CNBCs Fast Money that he expected bitcoin to go to $25,000 by July of this year and then double that by years end. $25,000 was a mark he previously set a four-year goal, which he now has reassessed to $125,000.

These may sound like grandiose predictions but coming from the man who called the new year drop of roughly 50% a buying opportunity not completely unexpected.

We can see a case for Bitcoins resilience here given the sharpness of the recent decline.

Tom Lee

Blue Chips Will All See Tremendous Growth

He moved on from bitcoin in his report to make some equally impressive predictions concerning other Blue Chip cryptocurrencies.

He expects Ethereum to reach $1,900 by years end, up 90% from present value.

Lee also predicts the Chinese developed NEO currency will gain 50 percent from Thursdays v...


Bitcoin Price Surges to $10,000 as Market Continues to Recover to $500 Billion "IndyWatch Feed Crypto"

The post Bitcoin Price Surges to $10,000 as Market Continues to Recover to $500 Billion appeared first on CCN

The bitcoin price has surpassed the $10,000 mark, which analysts including BitFury vice chairman George Kikvadze described as a psychological threshold, as the entire cryptocurrency market recorded large gains. Bitcoin In yesterdays report, CCN noted that bitcoin is in an ideal position to break through the $10,000 mark, given its strong volume across all major Continued

The post Bitcoin Price Surges to $10,000 as Market Continues to Recover to $500 Billion appeared first on CCN


Cardano Price Technical Analysis ADA/USD Just Broke Crucial Support? "IndyWatch Feed Crypto"

Key Highlights

  • ADA price struggled to gain momentum above the $0.40 level and moved down against the US Dollar (tethered).
  • There was a break below a major ascending channel with support at $0.3800 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair has to stay above the $0.3700 support to avoid further declines in the near term.

Cardano price is slightly bearish against the US Dollar and Bitcoin. ADA/USD may decline a few points, but it may later bounce back to retest the $0.40 resistance.

Cardano Price Resistance

There was a steady price action in ADA price recently above the $0.3500 level against the US Dollar. The price even traded above the $0.4000 resistance, but it was not able to gain upside momentum. A high was formed at $0.4044 from where the price started a downside correction. It moved below the 23.6% Fib retracement level of the last wave from the $0.3420 low to $0.4044 high.

More importantly, there was a break below a major ascending channel with support at $0.3800 on the hourly chart of the ADA/USD pair. The pair is now trading below the $0.3900 level. However, the downside move was protected by the 50% Fib retracement level of the last wave from the $0.3420 low to $0.4044 high. The pair is currently holding the $0.3700 support and it must stay above the mentioned levels. If it fails to stay above the $0.3700 level, it could even test the 76.4% Fib retracement level of the last wave from the $0.3420 low to $0.4044 high at $0.3553.

Cardano Price Technical Analysis ADA USD

On the upside, the price may continue to struggle near $0.4000. A successful break above the $0.4000 level could ignite more gains toward $0.5000 in the near term.

Hourly MACD The MACD for ADA/USD is currently in the bearish zone.

Hourly RSI The RSI for ADA/USD is moving lower and is currently below the 50 level.

Major Support Level $0.3700

Major Resistance Level $0....


Japanese Crypto Associations Merge for Self-Regulation "IndyWatch Feed Crypto"

The crypto industry in Japan is still reeling from the half million dollar Coincheck heist last month. The fallout from one of the largest digital currency hacks in history was wide reaching. Further calls for safeguards and regulation have been made in what is currently the worlds most crypto friendly nation. Rather than a heavy handed approach from the government, two of Japans leading cryptocurrency associations are about to merge to self-regulate the ecosystem.

Self-regulation over government restriction

It was reported today that, according to sources, Japans two cryptocurrency industry groups are in talks to form a self-regulating body. The Japan Blockchain Association and the Japan Cryptocurrency Business Association are expected to merge as early as April with the intention of implementing further safeguards to protect traders and investors.

The move comes in the wake of the Coincheck hack which resulted in over $530 million in XEM tokens being stolen from the Tokyo exchange. The amalgamation would reassign the heads of both organizations into one self-regulatory body however no definite decisions have been made yet.

Neither association would release any details to the media however the move is a positive one and would bring about a safer environment for crypto users, merchants and exchanges. The Coincheck hack revealed a number of flaws in Japans crypto ecosystem but instead of the government taking a heavy handed approach, as in neighboring China, more proactive and constructive solutions are being sought.

Japan leads the way

The Southeast Asian nation is currently one of the world leaders in cryptocurrencies with reports that over 50% of the global trade last month was made in Yen. According to analytics website Coinhills Japanese exchange bitFlyer is the top exchange for daily Bitcoin trade, with over 314,000 BTC traded in the past 24 hours. Like South Korea, the country has some huge exchanges and its citizens are free to trade providing they remain lawful and do not use cryptocurrencies for any shady purposes.

Self-regulation has to be the way forward as governments are too quick to clampdown on things they cannot control or comprehend. Cryptocurrencies are a prime example and for this embryonic industry to prosper more nations should follow Japans lead.

The post...


Japanese Cryptocurrency Coincheck Faces Lawsuit over Withdrawals "IndyWatch Feed Crypto"

The post Japanese Cryptocurrency Coincheck Faces Lawsuit over Withdrawals appeared first on CCN

Investors have opened legal proceedings against embattled Japanese cryptocurrency exchange Coincheck. The Tokyo based platform was the victim of a major hack last month, with a reported loss of $530 million worth of XEM. The platform quickly closed both fiat and cryptocurrency withdrawals following the breach, in an attempt to prevent further possible loss. Whilst Yen Continued

The post Japanese Cryptocurrency Coincheck Faces Lawsuit over Withdrawals appeared first on CCN


Spanish Government Eyes Tax Benefits for Crypto Companies "IndyWatch Feed Crypto"

Spain's ruling political party is reportedly drafting legislation that it hopes will help woo cryptocurrency and blockchain companies to the country.


Half of Large British Businesses Hold Stockpiles of Cryptocurrency "IndyWatch Feed Crypto"

Half of Large British Businesses Hold Stockpiles of Cryptocurrency

A new poll of IT mangers at large UK businesses found that exactly half keep stockpiles of cryptocurrency for various reasons. Unlike what some might imagine, only a very small fraction of the companies that are holding bitcoin claim to be doing so as preparation for a ransomware attack.

Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

Big British Bitcoin Survey

Half of Large British Businesses Hold Stockpiles of CryptocurrencyA new research commissioned by software developer Citrix (NASDAQ: CTXS) has found that 50% of large British businesses have stockpiles of cryptocurrency. The study, which was carried out in partnership with One Poll, surveyed 750 IT decision makers within large UK businesses of 250 employees or more. It...


Ripple Price Technical Analysis XRP/USDs Downsides Remain Supported "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price traded as high as $1.1024 before starting a downside correction against the US dollar.
  • Yesterdays highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair (data source from SimpleFx).
  • The pair may extend the current decline, but it is likely to find support near $1.0000 and $1.0080.

Ripple price is currently correcting lower against the US Dollar and Bitcoin. XRP/USD remains well supported on the downside above the $1.00 handle.

Ripple Price Support

Recently, we saw a nice upside move in Ripple price above the $1.00 level against the US Dollar. The price traded above the $1.10 level and formed a high at $1.1024. Later, a downside wave was initiated and the price moved below the 23.6% Fib retracement level of the last wave from the $0.9136 low to $1.1024 high. However, there are many supports on the downside such as $1.0000 and $1.0080.

More importantly, yesterdays highlighted ascending channel with current support at $1.0080 is intact on the hourly chart of the XRP/USD pair. The pair extend the current correction pattern, but the channel support and $1.00 are major buy zones. Furthermore, the channel support is near the 50% Fib retracement level of the last wave from the $0.9136 low to $1.1024 high. The last but not the least, the 100 hourly simple moving average is also positioned around the channel support and $1.00 to prevent declines.

Ripple Price Technical Analysis XRP USD

Therefore, the $1.00 handle is a major buy zone. A break below $1.00 could push the price back in the bearish zone. On the upside, an initial resistance is at $1.10. Above $1.10, the price has to surpass $1.15 for more gains.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD is currently reducing its bullish slope.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is struggling to stay above the 50 level.

Major Suppor...


Bitcoin Comes Out On Ellen DeGeneres Show, Mainstream Exposure "IndyWatch Feed Crypto"

Ellen DeGeneres has presented a hilarious send-up of it on her highly popular talk show, taking bitcoin and cryptocurrencies to a different level of mainstream exposure.

The fact that Ellen stood in front of her audience and did a partial breakdown on how cryptocurrency works using the image of an adorable baby goat shows how far out of the shadows bitcoin has come.

Bitcoin has Moved into Mainstream Media

Not long ago Bitcoin was talked about in the same hushed tones as the dark web and was only mentioned in the media as the currency of cybercriminals. It was how international drug dealers and human traffickers funded their criminal empires.

Today though references to Bitcoin have become commonplace in the news cycle and as fodder for comedy shows.

The general premise of which is that cryptocurrency is a little-understood, nerd based system of trading pseudo-money. Good for a laugh but in the end just another fad that will surely pass along like Zumba or the pet rock.

Though most of the send-ups of Bitcoin are about as tin can as the Ellen breakdown where she simply glosses over the system with a shoulder shrug and an eye roll to elicit laughs there have been some genuinely hilarious skits that deal with the complexity of Blockchain technology.

Still a Laughing Matter

A fake commercial for Bitcoin that aired on the Seth Meyer show presented three women having coffee and playing cards when one goes into the most abstract breakdown of digital currency, Blockchain and the crypto market your likely to hear outside of a Reddit thread while one friend pretends to understand every nuance and the other becomes incredulous about the jibberish.

Likewise the often subversive and consistently off-kilter Conan OBrien aired a breakdown of Bitcoin by its founder Marcus Ortman who rambles away using half technical, half new age lingo, even at one point parsing the famous flat circle speech from True Detective. Finally, Conan tries to corner him on giving a straight answer. At which point Ortman throws a smoke bomb and tries to disappear but cant even get that right.

Bitcoin has moved out the murky depths of the dark web to the spotlight of mainstream media even if its only to be either derided or laughed at. Whether it be grumpy old billionaires calling it Poisonous and asinine or comedians poking fun at the complex technology the message is clear. Bitcoin is a thing for tech weirdos, like dungeons and dragons.



Bank of America Has Filed More Cryptocurrency Patents Than Any Other Company "IndyWatch Feed Crypto"

Bank of America Has Filed More Cryptocurrency Patents Than Any Other Company

Think of cryptocurrency developers and names like Satoshi Nakamoto, Gavin Andresen, and Nick Szabo spring to mind. Individuals who place principles ahead of profit and are more aligned with open source principles than filing patents and closely guarding their secrets. The only secret Satoshi guarded was his identity. It may come as a surprise then to learn that in the last decade, the company that has more cryptocurrency patents than any other is in many bitcoiners eyes the antithesis of everything decentralized currency stands for Bank of America.

Also read: Crypto Exchanges Launch P2P Platforms from Latvia and Bulgaria

Bitcoin Patents Pile Up

Since Bitcoins genesis block was mined nine years ago, over 2,000 related patents have been filed, Bitcoin Patent Report reveals. In the cryptocurrencys early years, the number of patents was low, averaging under 50 a year, but by 2015 that figure began to pick up and by 2016 was growing exponentially. Some of the companies whose names feature in the top ten are to be expected, such as Bitflyer and IBM, whose interest in blockchain is well documented. The computing giant has filed a total of 34 cryptocurrency related patents, but is outplaced by South Korean brokerage Coinplug, which is third on the list with 39.



Altcoin Analysis: NEO, EOS, LTC, NEM and Lumens "IndyWatch Feed Crypto"

Besides EOS/USD, most high cap altcoins are trading above the middle BB-a level which is important in our analysis.

Even though we saw a general slowdown in bullish momentum, we expect prices to bounce back today or tomorrow and with every low these alt coins make, buyers should take advantage of the free discount and load up their longs when a stochastics buy signal prints preferably in the 4HR chart.

I will be watching how EOS and NEO turn out at the end of the day because all we need is a push and close above $11.5 and $130 respectively.

Lets have a look at these charts:


alt coin XLM/USD Technical analysisXLMUSD Daily Chart for February 16, 2018

Prices are oscillating around our main resistance line at around $0.50.

While yesterdays prices were largely bearish with no definitive close above the middle BB as per our forecast, we shall still retain our bullish skew.

At the moment, we can see that bull momentum is increasing. This is definitely supportive of buyers who should be looking for buy opportunities in lower time frames.

Zooming in, price action development especially in the 4HR chart looks perfect and it that regard, Lumens reaction at around $200 looks to be a perfect spring board for buyers.


alt coin IOT/USD Technical analysisIOTUSD Daily Chart for February 16, 2018...


Bitcoin Price Technical Analysis for 02/16/2018 One More Hurdle to Clear "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price has broken past its inverse head and shoulders pattern neckline to show that an uptrend is in the cards.
  • Price is hitting another upside barrier at its descending trend line, though, and this might prompt profit-taking.
  • Technical indicators are also suggesting that the rally is overdone.

Bitcoin price is testing the descending trend line on its 4-hour time frame, and moving past this hurdle could mean more gains.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that the downtrend is more likely to resume than to reverse.

The 200 SMA also lines up with the descending trend line to add to its strength as resistance. This means that it would take a strong catalyst to trigger and sustain an upside break.

Stochastic is indicating overbought conditions, though, so selling pressure could still pick up. Similarly, RSI is in the overbought region and looks ready to turn lower, so bitcoin price might follow suit.

Market Factors

Bitcoin price has drawn a lot of support from easing regulatory concerns, stemming from the US Senate hearing and remarks from South Korean officials suggesting that they are open to introducing something like BitLicense.

Recall that Commodity Futures Trading Commission Chair Christopher Giancarlo and Securities and Exchange Commission Chair Jay Clayton mentioned that they have no plans on banning bitcoin. Instead they plan on regulating the industry without quashing development.

More positive updates like these could help improve the sentiment in the industry. Apart from that, the continuation of risk-taking in higher-yielding assets like stocks and commodities has also benefitted bitcoin.

Besides, the move all the way to the $10,000 area of interest could bring more buying interest as this could signal an end of the correction. A sustained move past the next $12,000 area of interest could confirm that buying momentum is in play, attracting even more buyers.


The post Bitcoin Price...


As Bitcoin Soars, So Do Coinbase Customer Complaints "IndyWatch Feed Crypto"

In recent weeks, Coinbase users have voiced a litany of complaints about the U.S. mega-exchange: missing wires, unreleased bitcoin, disabled accounts.


Ethereum Price Technical Analysis ETH/USD Eyes More Upsides "IndyWatch Feed Crypto"

Key Highlights

  • ETH price is rising and is currently trading above the $920 level against the US Dollar.
  • There is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair may continue to rise and it could even break the recent high of $936 for more gains.

Ethereum price is trading with bullish price action against the US Dollar and Bitcoin. ETH/USD may soon break the $935-940 levels to gain further upside momentum.

Ethereum Price Support

There were bullish moves above $860 during the past few sessions in ETH price against the US Dollar. The price was above the move above the $900 and $910 resistance levels. It traded as high as $936 and is currently consolidating gains. It moved down once and traded below the 23.6% Fib retracement level of the last wave from the $868 low to $936 high.

However, the downside move was limited and the pair found support near $890-900. Moreover, the 50% Fib retracement level of the last wave from the $868 low to $936 high acted as a support. There was an upside reaction and the price moved back above the $910 level. On the downside, there is a key bullish trend line forming with support at $890 on the hourly chart of ETH/USD. The pair is trading with a positive bias above the $920 level. Any dips from the current levels remain supported around the $900 and $890 levels.

Ethereum Price Technical Analysis ETH USD

On the upside, the pair may soon move above the $935 level once again. Once it break $935, it could even move above the $950 level. Further above $950, there could more gains toward the $980 level.

Hourly MACD The MACD has slightly reduced the bullish slope, but it is still positive.

Hourly RSI The RSI is once again moving higher after testing the 50 level.

Major Support Level $900

Major Resistance Level $935


Charts courtesy ...


Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00008 BTC
0.00010 BTC = 1.30 AUD

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 1.02 USD
1.00 USD = 0.00010 BTC


Mining Crypto In a Browser Is a Complete Waste of Time "IndyWatch Feed Crypto"

Mining Crypto In a Browser Is a Complete Waste of Time

Malware that surreptitiously mines cryptocurrency while you browse the web is big news right now literally in the case of news outlet Salon, which has enabled it as an opt-in feature. One thing that it certainly isnt, though, is big business. Every other day, media outlets seem to be running stories about the latest cryptojacking scams. While these tales are mostly true, the extent of the problem has been vastly overstated. Smart criminals arent covertly crypto mining in-browser, not because theyre incapable of doing so, but because even at scale it simply isnt profitable.

Also read: Nuclear Engineers Arrested for Mining Cryptocurrency Using Government Supercomputer

Cryptojacking Malware

Browser Mining Crypto Is a Complete Waste of TimeLast weekend, it emerged that...


Central Banks Are Preparing To Take Control Of The Blockchain (Video) "IndyWatch Feed Crypto"

Central Banks Are Preparing To Take Control Of The Blockchain Video X22 Report The Canadian housing crisis is imploding, sales have dropped on existing homes. Inflation is starting to pick up, once inflation gets going the central bank will...

The post Central Banks Are Preparing To Take Control Of The Blockchain (Video) appeared first on The Daily Coin.


Bitcoin Cash Price Technical Analysis BCH/USD Zooms Above $1,400 "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price surged higher and it was able to break the $1,400 resistance against the US Dollar.
  • There is a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD (data feed from SimpleFX).
  • The pair is currently correcting lower, but it remains well supported on the downside at $1,380.

Bitcoin cash price is gaining upside momentum above $1,400 against the US Dollar. BCH/USD may correct in the short term, but it remains in an uptrend.

Bitcoin Cash Price Uptrend

There were continuous gains in bitcoin cash price from the $1,300 swing low against the US Dollar. The price was able to move above two important resistance levels at $1,365 and $1,380. It cleared the path for an upside push above the $1,400 resistance. There was a major upside move and the price even traded above the $1,450 level and formed a high near $1,476.

A downside correction is underway from the $1,476 high, but the price is well above the 100 hourly simple moving average. An initial support on the downside is around the 23.6% Fib retracement level of the last wave from the $1,295 low to $1,476 high. There is also a major bullish trend line forming with support at $1,350 on the hourly chart of BCH/USD. The pair remains well supported on the downside around the $1.400 and $1,380 levels. Moreover, the 50% Fib retracement level of the last wave from the $1,295 low to $1,476 high is around $1,385.

Bitcoin Cash Price Technical Analysis BCH USD

Therefore, the $1,380-1,400 levels are decent supports. On the upside, the price may resume it uptrend above the $1,460 level. Above the recent high of $1,476, the price could even break the $1,500 level.

Looking at the technical indicators:

Hourly MACD The MACD for BCH/USD is gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is correcting lower from the overbought levels.

Major Support Level...


Asian Altcoin Trading Roundup: Top Cryptocurrency is VeChain "IndyWatch Feed Crypto"

FOMO Moments

Xn nin kui l, Happy New Year. It is the year of the dog but the bulls seem to be dominating the markets this morning in Southeast Asia. Most cryptos are trading higher today with the exception of Litecoin which has cooled off a little from its two day surge. Bitcoin has broken through the $10k barrier and its siblings are hanging on for the ride. One coin is of course trading higher than the rest this morning and that is VeChain.

According to stats from Coinmarketcap VEN is up 15% on the day. The token is currently trading at $5.82, up from $5 this time yesterday, over the week it has shown a 42% climb from just over $4. VEN spiked to an all-time high of $9.37 on January 22 and has been falling ever since until a turnaround on February 14.


VeChain claims to be a product based crypto which has implemented blockchain solutions across various industries such as luxury goods, liquor and agriculture. The concept is to ensure quality and transparency for luxury brands and products to battle against a growing black market of counterfeit goods. Customers can use the system to claim ownership of luxury items which will be entered into their distributed ledger.

The company is set to rebrand on February 26 at a flamboyant event in Singapore. VEN tokens will be converted into VET tokens to reflect moving to a new advanced blockchain called VeChain Thor. This is likely to have spurred greater interest in the altcoin which is currently outperforming all others in the top 25.

VeChain is largely traded on Binance which has over 50% of the volume, $135 million of which has passed hands in the last 24 hours. VeChain is currently at 17 in the market capacity charts with a total cap of $2.7 billion. There is a total supply of 873 million tokens with 470 million currently circulating.

The only other altcoin enjoying double digit increases in Asia this morning is Bitcoin Cash, up an impressive 13.7% on the day.

More on VeChain can be found here:

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best perfor...


Cryptocurrency Exchange Coinbase Glitch Overcharges Users, Investigation Ongoing "IndyWatch Feed Crypto"

Coinbase has admitted that a glitch in its system has been overcharging customers for several days, even after investors posted complaints on content sharing platforms like Reddit about being charged multiple times for a single transaction.

Overcharged Coinbase Customers Vent on Reddit

San Franciscos Coinbase is the leading cryptocurrency wallet and brokerage which also oversees Global Digital Asset Exchange (GDAX), and up until recently, a trusted destination to buy, trade and sell bitcoin and other digital currency.

Coinbase officially admitted to the glitch on February 15, responding to the outrage of customers posting on Reddit that a problem in their system has been creating multiple charges for single transactions.

[Coinbase] drained my bank account and now I have nothing,

One user cried out on Reddit.

Welp officially broke, charged 171000$ on my account,

said another user.

Coinbase reacted, posting directly to Reddit yesterday.

We can confirm that the unexpected charges are originating from our payment processing network, and are related to charges from previous purchases. To the best of our knowledge, these unexpected charges are not permanent and are in the process of being refunded.

Soon after this post though Coinbase released another statement passing the buck.

Coinbase Traces Problem to New MCC Code

We have confirmed that this is an issue occurring downstream from Coinbase, and were working with those parties to reach a resolution.

Ultimately the exchange blamed the way credit-card companies have changed their policies for buying cryptocurrency. Now treating the purchases as cash advances, carrying all of the fees and higher percentages along with them.

They detailed the situation in a statement given to The Next Web.

Were currently investigating an issue where some customers were charged incorrectly for purchases of digital currency with credit and debit cards.

This is related to the recent MCC code change by the card networks and card issuers charging additional fees. We have identified a solution and future purchases will not be affected. We will ensure any customer...



'Hundreds' of Crypto Miners Said to Be Descending on Quebec "IndyWatch Feed Crypto"

Hydro-Quebec may charge an industry-specific rate to crypto mining farms to deal with overwhelming demand for Quebec's cheap energy resources.


GPU Shortage Hinders Scientific Research Cryptocurrency Miners Blamed "IndyWatch Feed Crypto"

GPU Shortage Hinders Scientific Research Cryptocurrency Miners Blamed

After gamers, scientists have now raised the alarm about the deficit of video cards caused by excessive demand in the crypto mining industry. Researchers trying to pick up radio signals from stars and extraterrestrials say they need more of the latest GPU chips for their data processing equipment. According to media reports, a leading manufacturer may soon offer a graphics card dedicated for mining to mitigate shortages.

Also read: AMD Increases GPU Production to Match Crypto Mining Demand

Efforts to Eavesdrop on ETs Impeded

Radio-astronomers working on SETI (Search for Extraterrestrial Intelligence) projects said they need more GPUs to upgrade their equipment. The scientists want to expand operations at two observatories but cannot find enough of the new powerful chips, BBC reported. Some telescopes need about 100 graphics cards to process data from large listening arrays. They are used to detect signals from space, some of which may be emitted by other civilizations.

Demand for graphics processing units has soared in recent months and cryptocurrency miners have been blamed for the shortages. Investors buy in bulk the latest GPUs on the market, which can process more crypto transactions and return higher profits. Cards are used in mining rigs mainly for altcoins like ethereum and monero. Bitcoin mining requires a certain processing capacity and is performed by s...


Happy Chinese New Year, and How Crypto Will Remember the Last One "IndyWatch Feed Crypto"

Happy Chinese New Year! Lets have a look on what happened in the world of crypto in the year of the Rooster. #INFOGRAPHICS


No, 'Litecoin Cash' Isn't Bitcoin Cash All Over Again "IndyWatch Feed Crypto"

Litecoin cash, that's like bitcoin cash, right? As always in crypto, branding might be deceiving when it comes to a new upstart project.


Berkshire Hathaway: Bitcoin Is Disgusting, Detestable, Noxious Poison "IndyWatch Feed Crypto"

Berkshire Hathaway: Bitcoin is Disgusting, Detestable, Noxious Poison

Daily Journals annual shareholder meeting usually involves Berkshire Hathaways vice chairman, Charlie Munger, giving his overview of things economic. This Valentines Day, the 94-year-old right-hand man of Warren Buffett took the opportunity to savage the worlds most popular cryptocurrency, bitcoin.

Also read: Citibank India Bans Bitcoin 

Berkshire Hathaway Wants Cops Unleashed on Bitcoin

If its not a religious affair, it sure has that feel. The grand cardinal of retail finance, Charlie Munger, was plopped into a chair, and assembled hordes gathered to hear investment wisdom from the Oracle of Omahas saintly priest. To say Mr. Munger is a successful investor is to place too general praise on the man: arguably he is among the most bankable gurus of all time.

From Los Angeles, Mr. Munger came right out with it: I never considered for one second having anything to do with [bitcoin], I detested it the minute it had been raised. The more popular it got, the more I hated it. Its just disgusting that people have been taken in by this.



Moneros XMR Breaks Through $300 Despite its Mining Controversy "IndyWatch Feed Crypto"

Moneros XMR has been seeing massive gains recently. This is despite a piece of malware that has been concerning the cryptocurrency crowd. XMR tested the $300 resistance level on Thursday after seeing its second consecutive bullish market sentiment.

What is Moneros XMR?

Monero is an open-source cryptocurrency created in April 2014. It focuses on privacy and decentralization. It runs on Windows, macOS, Linux, Android, and FreeBSD.

Moneros token, XMR, has enjoyed a steady increase in adoption since its release. Dark web marketplaces including AlphaBay and Oasis have embraced the cryptocurrency, reportedly due to popular demand.

Moneros Malware Controversy

Monero hit the headlines recently thanks to a piece of malware mining it in secret on Android devices. The malware redirects users to websites that tap into a devices processing power to mine the Monero cryptocurrency.

For example, U.S. online news publication, Salon has adopted this unconventional alternative to ads to make money. They are using a readers computing power to mine Monero.

The way they do is by giving readers that dont want ads to appear on content an option to suppress ads. This allows Salon to use a readers unused computing power to mine virtual currency.

XMR Price Action

XMR saw similar types of patterns in terms of gains and pullbacks as other major cryptos in the past month. XMR/USD has pierced through the 50% Fibonacci retracement level of $273. It is testing the $300 level at the time of writing.

The pair remains below the daily Ichimoku cloud. However, the Tenkan line appears to be crossing above the Kiju line, signaling the medium-term bullish momentum to continue.



Number of Crypto Hedge Funds Skyrocketing Big Players Are Coming "IndyWatch Feed Crypto"

16Fintech research house Autonomous NEXT has been researching crypto hedge funds which have more than doubled in number in the four months leading up to today, February 15th. The firm recorded a record high of 226 global hedge funds, up from 110 global hedge funds on October 18th. That itself was up from 55 funds on August 29th and just 37 at the start of 2017. Assets under management hit between $3.5 and $5 billion, according to the Autonomous NEXT.

The surge in funds comes at a somewhat volatile time for cryptocurrencies. After hitting a record high of $20,000 in December, Bitcoin lost nearly 70% of its value briefly slipping below $6,000 in January. The coin has since recovered some of those falls, sitting at just above $10,000 as of today. (Read our article Hedge Fund Investor: Bitcoin Already Hit Bottom, Ready to Surge to learn more about Bitcoin price predictions for the near-future).

Rival cryptocurrencies have also seen declines. The market cap of all virtual currencies their price multiplied by the number of coins issued currently stands at around $465 billion, according to Coinmarketcap, down from more than $830 billion in early January.

While the softer prices of crypto assets does create a more difficult environment for investors, I do not think it will pause the influx of funds and other financial institutions building products in the space, Autonomous NEXT partner Lex Sokolin said. It would take the extreme case of the entire space contracting by 80% and high regulation before the flow of funds turns around.

Some invest in just Bitcoin, taking both long and short positions, some buy several different cryptocurrencies, and others exploit the arbitrage between different exchanges prices. These different approaches mean that some players are, despite the markets, making a profit. Token Capitals $500 million EKT Active Fund, which invests in initial coin offerings (ICOs) made 6.5% in January, a spokesman for the company said.

BitSpread, a Cayman-registered hedge fund, returned around 4.8%. BitSpread, with more than $100 million under management, makes money by market-making and exploiting arbitrage across different exchanges rather than going long or short. The companys founder Cedric Jeanson said the funds market-neutral strategy meant it could make money even if the price of Bitcoin and its rivals collapsed. Since its launch in May 2017, the company has turned profits every month.

The post...


Cryptocurrencies and the Powers That Be "IndyWatch Feed Crypto"

Cryptocurrencies and the Powers That Be by Jim Rickards Daily Reckoning Remember the days (about six months ago) when bitcoin was going to revolutionize banking and disintermediate the mean nasty banksters? Well, a funny thing happened on the way...

The post Cryptocurrencies and the Powers That Be appeared first on The Daily Coin.


The Basic Guide on How to Claim and Sell Bitcoin Forks "IndyWatch Feed Crypto"

Warning: There are ample risks involved in getting and selling forkcoins as it also needs much advanced knowledge. If you do these steps, it means you are accepting all of the risks involved:

  • Using Bitcoin private keys and disclosing them
  • When certain software is being run and installed
  • Actively trading as well as being present on different exchanges

For more information, you can see this video first:

By the time this article is being written, you can get around 2,000 USD freely in each bitcoin you have in your wallet which was acquired before 1st of August, 2017.

Given that most of this value is made of Bitcoin Gold and Bitcoin Cash (approximately 1% and 12% of Bitcoin respectively). Airdrops of Byteball (unclaimable in any indicative amount) and Clams (still claimable at May 2014 dated addresses).

You will have around 200 to 300 USD of free money availabl in each bitcoin you have acquires since months of November or December 2017, except for BCH and BGP. Although this number is only an educated guess, obviously. The accurate total amount will vary on the present availability and pricing of a number of markets and also the appearance of new forkcoins.

bitcoin fork 2018

Stated in a current headline of Bloomberg that there will be a significant amount of more forks coming.

Now, it is solely up to you to see if the prize is worth with the amount of effort needed to get these coins. You should know that your financial privacy would only be in danger via this procedure, since the data on your BTC holdings will be disclosed to a lot of different services, exchanges and networks. But, the risk financially are just insignificant if you are able to act in accordance with the #1 Rule:

#1 RULE when Getting Bitcoin Forks (Absolutely Important!)

Getting all the forks needs you to utilize your Bitcoin wallet private keys, which holds your Bitcoin by the moment the coin was forked. This method can only be effective if and only if you have already transferred your Bitcoin to another wallet and you already have another set of private keys.

Tip: This is a perfect time to move your Bitcoins to a so-called hardware wallet or HW. If you have utilized a HW already, try to get a second one in order to keep your standard of security upon getting!

An Instance of Safe-Getting Process

Let us have Super BTC (SBTC) as an example. It was bifurcated around 12th of December, 2017 (its BTC block height is 498,888). Whatever amount of Bitcoin you have had in your BTC wallet at the same moment, youll now have as muc...


Five Siberian Power Plants Attracting Crypto Miners With Surplus Electricity "IndyWatch Feed Crypto"

Five Siberian Power Plants Attracting Crypto Miners With Surplus Electricity

Cryptocurrency miners will soon be able to benefit from surplus electricity and the cold climate at five power plants located in Siberia. Russian energy company En+, which owns those power plants, is already in talks with investors to build crypto mining farms near them.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Five Power Plant Sites

Five Siberian Power Plants Attracting Cryptocurrency Miners With Surplus ElectricityRussian energy company En+ Group is actively preparing to offer electricity to cryptocurrency miners at some of its power plants, Vedomosti reported on Wednesday.

En+ CEO Maxim Sokov was quoted saying, We are talking about five sites. They are in the Irkutsk Oblast, a federal subject of Russia, located in southeastern Siberia. Two sites are near the town of Ust-Ilimskin, one is near the city of Bratsk, and the other two are near the city of Irkutsk.



CoinHoarder Steals Over $50 Million in Cryptocurrencies Using Google Ads "IndyWatch Feed Crypto"

According to a report published Wednesday, February 14th by Ciscos Talos Intelligence Group, a team of Ukrainian hackers dubbed CoinHoarder has stolen more than $50 million in cryptocurrency from users who were under the impression they were accessing, one of the most popular providers of virtual currency wallets.

The report details how thieves preyed on their victims using a simple technique: Buying Google ads on popular search keywords related to cryptocurrency to poison user search results and snatch the contents of crypto wallets. This meant people Googling terms like blockchain or Bitcoin wallet, saw links to malicious websites masquerading as legitimate domains for wallets. Fooled into believing they had come to the right place, victims then entered private information that allowed the hackers to gain access to their actual wallets and take their virtual currency.

The poison ads included spoofed links with small mistypes like and, which sent visitors to pages that mirrored actual websites of the company Blockchain, which runs both the domains and According to Ciscos report, the legitimate sites appeared lower in the results than the poisoned links.

The attackers needed only to continue purchasing Google AdWords to ensure a steady stream of victims, the Talos team led by Jeremiah OConnor and Dave Maynor said in their report. Cisco, which investigated the massive phishing campaign for more than six months in partnership with Ukraines Cyberpolice, noted that the Coinhoarder groups method has since become increasingly common in the wild, with attackers targeting many different crypto wallets and exchanges.

The Coinhoarder thefts occurred over the course of three years but surged at the end of 2017 as Bitcoin prices soared close to $20,000, with $10 million stolen between September and December. In one run, the hackers made off with $2 million in the span of fewer than four weeks, the Talos researchers said. Further, its very likely the value of the steals total much more than $50 million now, as Talos based its calculations on cryptocurrency prices at the time of the theft.

Cisco found that the Coinhoarder scam disproportionately ensnared those from underbanked regions where cryptocurrency has caught on as an alternative means of storing wealth: Residents of Af...

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Thursday, 15 February


CFTC Advisory Committee Recommends Creation of Virtual Currency Subcommittee "IndyWatch Feed Crypto"

CFTC Advisory Committee Recommends the Creation of a Virtual Currency Subcommittee

On Wednesday, the U.S. Commodity Futures Trading Committees (CFTC) Technical Advisory Committee (TAC) held a public meeting at its Washington, D.C., headquarters. During the meeting, members of the Bitcoin and cryptoasset industry shared information regarding this emerging market and offered guidance on how the CFTC may approach regulating the space in 2018.

Multiple participants in the public hearing made comments to differentiate between different types of cryptoassets and their associated technologies.

Potential regulation around cryptoasset exchanges was also discussed as a potential area for further regulation, as has been noted by regulators worldwide over the past few months.

By the end of the portion of the public hearing dedicated to virtual currencies, the TAC voted unanimously to recommend that the CFTC create a subcommittee for this new asset class.

Differentiating Between Different Types of Cryptoassets

One of the key points made by those who were invited to speak about the cryptoasset industry was that all of these tokens or coins should not necessarily be treated equally. For example, during his opening remarks, Coin Center Executive Director Jerry Brito discussed the differences between traditional cryptocurrencies, such as bitcoin, and initial coin offerings (ICOs).

Cryptocurrencies like bitcoin are commodities, of course, as the SEC has previously [said].  Questions remain however about the borders [around] these categories and about how one can responsibly share tokens to future investors, noted Brito.

Special Counsel Ga...


Were Back! Bitcoin Price Back Above $10,000 "IndyWatch Feed Crypto"

The price of Bitcoin appears to be recovering well from the dramatic fall it experienced at the end of last year. The cost to buy a single unit of the worlds most popular cryptocurrency reached a two week high on Thursday, topping out at just above the $10,000 point. The second time passing, the five-digit psychological barrier seemed to offer little resistance as the price barely paused between $9,000 and the two week high.

The recent price surge seems largely driven by various news events clearing the fear and uncertainty surrounding the space of late. So far in 2018, doubt was cast over the market thanks to South Koreas musing over a cryptocurrency ban. The government there had mentioned the possibility of them taking such a harsh step but have since stated that there is no intention to eradicate the crypto-craze thats been sweeping the nation for some time. One report suggests that instead of the government there are others seeking to license cryptocurrency exchanges. This would serve to further legitimise the industry, as well as making the environment safer for investors.

Elsewhere, the latest round of SEC Senate hearings about Bitcoin is doing their fair share to dispel the doubt about cryptocurrencies thats been creeping in since late December. During the hearing, the chairman of the Commodity Futures Trading Commission, Christopher Giancarlo, said:

We owe it to this new generation to respect their enthusiasm for virtual currencies, with a thoughtful and balanced response, and not a dismissive one.

Whats good news for Bitcoin is usually good news for the entire space. This was highlighted by similar gains across all major cryptocurrencies. Many within the top 20 by market cap have seen price leaps between two and 25 percent in the last 24 hours. This is according to industry price website Coinmarketcap.

Meanwhile, Tom Lee of Fundstrat Global Advisors believes that the price per BTC should exceed the previous all-time high by July of this year. The longtime Bitcoin advocate noted in a report earlier today that during bull periods of upward trends, Bitcoin recoveries take 1.7 times the amount of time the initial decline lasted for. For Lee, this implies that 85 days are needed to recover prior highs this is July 2018. His end of 2018 price call remains $25,000.

Mati Greenspan, senior market analyst of eToro, spoke to...

22:29 Review: Is It a Legit Exchange? "IndyWatch Feed Crypto"

The post Review: Is It a Legit Exchange? appeared first on 99 Bitcoins.

As the .de in the name suggests, is a Bitcoin marketplace based in Germany. First of all, its important to note that this isnt a traditional Bitcoin exchange such as Bitfinex or Bitstamp. The best comparison to make is with LocalBitcoins in that its a platform that connects buyers and sellers, much like an [...]


CFTC Issues Investor Warning on Cryptocurrency Pump-and-Dump Scams "IndyWatch Feed Crypto"

The post CFTC Issues Investor Warning on Cryptocurrency Pump-and-Dump Scams appeared first on CCN

The US Commodity Futures Trading Commission (CFTC) issued a warning advising investors to avoid falling prey to cryptocurrency-based pump-and-dump schemes. The Customer Protection Advisory, which was published by the chief US market regulator on Thursday, urges investors to conduct their own research before investing in cryptocurrencies, particularly ones that have small market caps and illiquid Continued

The post CFTC Issues Investor Warning on Cryptocurrency Pump-and-Dump Scams appeared first on CCN


Try the Brave Browser and Give Brave Payments a Go "IndyWatch Feed Crypto"

We have been following the new Brave browser that promises to give you better and safer browsing experience by blocking ads and trackers and revolutionize the way people support their favorite websites and Youtubers. We have been following the development of the browser and the evolution of the Brave Payments for quite a while now and this blog has been a verified Brave publisher for almost a year now.

Unfortunately based on our experience it seems that Brave does need a lot of work in making their Brave Payments feature really usable and the tokens available in the hands of many people in order for them to use them. It is not that the company hasnt been trying to do so, it just seems that there is much more work still left to do based on our own experience. For almost a year being part of the Brave movement we have received a staggering 2.07 BAT tokens as contribution form our readers, something we are thankful for, but at less than a dollar value total it is hardly something that can help us remove traditional ads for now

The latest effort by Brave to promote their browser is targeted at content creators such as us that can promote the Brave browser to their readers and possibly get some more tokens in return if the users keep using the software. So if you have not yet tried the Brave browser you might want to give it a go and if you like it (it is free after all and works very well) you may also support us this way.

To give the Brave browser a try and to check out the Brave Payments feature


Japans GMO to Launch BTC, BCH Cloud Mining Service in August "IndyWatch Feed Crypto"

Japanese technology conglomerate GMO Internet is about to launch a new cloud offering for mining BTC and BCH. If you have at least $5 million that you want to invest in such a venture, and dont want the hassle of opening your own mining farm, applications start next month.

Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

Japans GMO to Launch BTC, BCH Cloud Mining Service in AugustGMO Internet Group (TYO:9449) has announced the expansion of its recently launched cryptocurrency business with a new cloud mining service, which will be launched in August 2018 if everything goes as planned. The Cloud Mining service will focus only on two cryptocurrencies based on the SHA256 algorithm, meaning bitcoin (BTC) and bitcoin cash (BCH).

Starting March 1, the company will start accepting priority...


Decentralized Market Exchanges (Dex) Why Should You Care "IndyWatch Feed Crypto"

The post Decentralized Market Exchanges (Dex) Why Should You Care appeared first on CCN

A decentralized exchange (DEX) is a marketplace for cryptocurrencies or blockchain investments that is totally open sourced. Who controls trading process then? Well, its completely automated, and trades are conducted and controlled by users themselves. How does it work? Basically, proxy tokens, which are crypto assets that represent a certain fiat or cryptocurrency, are created Continued

The post Decentralized Market Exchanges (Dex) Why Should You Care appeared first on CCN


Coinbase Users Cry Foul Over Unexpected Bank Charges "IndyWatch Feed Crypto"

A number of Coinbase users report unauthorized charges to their bank accounts, in some cases draining funds and leaving them with overdraft fees.


Crypto Markets Continue Experiencing Slight Growth, Bitcoin Passes $10k "IndyWatch Feed Crypto"

Crypto markets continue to experience period of slight growth, with Bitcoin hitting $10k. #NEWS


Spain Planning to Lure Blockchain Companies With Favourable Tax Legislation "IndyWatch Feed Crypto"

Spain looks like the latest nation to be warming up to the opportunities created by the ever-expanding blockchain industry. According to reports by Bloomberg, Prime Minister Mariano Rajoys Peoples Party is in the process of drafting legislation governing the space. This could include tax breaks for companies and individual cryptocurrency investors, as well as a regulated framework governing initial coin offerings.

Its hoped that by creating favourable conditions for startups in the space to flourish, the Peoples Party will be able to lure some of the most cutting-edge companies to their soil. Garcia Egea, the lawmaker drafting the legislation, spoke to Bloomberg at his office in The Cortes Generales:

The level of the digitalisation for companies will be key We hope to get the legislation ready this year.

The primary innovation behind cryptocurrency has attracted attention from a variety of established industries. There are many who believe blockchain and distributed ledger tech could transform the way contracts are settled, as well as providing innovative new models for data storage and revolutionising transaction methods. With industries from business and finance, to health and education amongst those experimenting with blockchain, its clear why Spain would want them to set up shop there.

In addition, the Peoples Party is also reported to be considering ICO-specific legislation. Its hoped that regulation will make it safer and more convenient for investors and firms alike. This will further strengthen the appeal of the Iberian nation for those on the hunt for a centre of operations for a new crypto company. Garcia Egea continued:

We want to set up Europes safest framework to invest in ICOs.

Finally, Egea told the publication that the bill might include a threshold under which investments in cryptocurrency would not need to be reported.

With such progressive legislation potentially on the cards, Spain appears to be taking the initiative shown previously by the likes of Switzerland in attracting the latest wave of technology startups. The small town of Zug in the central European nation has become a hive of activity for blockchain startups. Thanks to the nations favourable tax legislation and private banking, all manner of cryptocurrency and distributed ledger companies have decided to call the small Swiss town home. These include payment processors Monaco, innovative exchange platform Shapeshift, and mobile Ethereum OS Status....


Western Union Confirms XRP Integration of Ripple Blockchain Trial "IndyWatch Feed Crypto"

The post Western Union Confirms XRP Integration of Ripple Blockchain Trial appeared first on CCN

Western Union has formally confirmed that its Ripple-based blockchain trial will include XRP integration, making the money transfer giant the largest firm to test XRP in its internal payment flows. As CCN reported, Western Union confirmed rumors about the partnership on Wednesday. Details about the trial were slim, but it seemed unlikely that XRP was Continued

The post Western Union Confirms XRP Integration of Ripple Blockchain Trial appeared first on CCN


Game Maker Atari Is Planning to Launch Its Own Cryptocurrency "IndyWatch Feed Crypto"

The maker of "Pac-Man" and "Pong" has struck a deal that will result in the creation of a new Atari-branded cryptocurrency.


Spanish Peoples Party Contemplates Tax Breaks For Blockchain-Based Companies "IndyWatch Feed Crypto"

Spanish Peoples Party considers tax breaks for Blockchain companies. #NEWS


SELFLLERY Tokens for Likes "IndyWatch Feed Crypto"

The future lies in digital technologies. And this future has already come! Remember how blockchain technology was something wild and rampant for many people? And now just imagine, the innovative social platform SELFLLERY is based on the same technology!

This is not an ordinary social resource with the possibility of acquiring visual content, but a platform that provides an opportunity for its users to earn money on unique photos and videos that will gather maximum user involvement in the form of likes, comments, and views.

The relevance and prospects of SELFLLERYs scaling

Currently, the most famous social networks such as Instagram, Facebook, Snapchat and Twitter exclude the possibility of direct earnings for their users for the published photos and videos, not including advertising. Although content creation and promotion of these same leading networks are carried out by their own users, they only have to be content with the likes.

SELFLLERY takes the so-called conditional error in the relations between users and shareholders of companies into account and offers the world a completely different vector of applying the user content. Now everyone can convert likes and comments into cryptocurrency, or more precisely into YOU tokens, which can be converted into cash through Ethereum purse if necessary or used inside the platform.

The interest of humanity to digital photographs is rapidly increasing with every year, which affects the needs of social platforms, where you can publish collected photos and videos. Since SELFLLERY monetizes the activities of its users, it remains only a matter of time when the platform will become the worlds leader in demand. Of course, with the increase in its demand, the value of the YOU token will grow, which will have a great impact on those who decide to join the development and expansion of SELFLLERY at an early stage.

Monetizing of SELFLLERY content

The principle of working with the platform is very simple! For example, publish photos of your pet, funny videos from friends gatherings or conduct interesting live broadcasts and get the approval of other users in the form of likes, comments, and views. The more involvement there is, the more tokens you will get.

Also, the platform provides other activities for rewarding, namely: the sale of digital images to a photobank, participation in photo contests, photo quests, and advertising campaigns.

Additional S...


Ethereum Code Editor Resigns Over Legal Concerns For Ledger Amendment Proposal "IndyWatch Feed Crypto"

Ethereum code editor resigns over legal concerns of a proposal for standardizing lost fund recovery. #NEWS


Big Money: Billionaires Piling Crypto "IndyWatch Feed Crypto"

The only billionaires who are opposing Bitcoin and cryptocurrencies are those who didnt see it coming. It makes perfect sense for an influential billionaire to publicly condemn it in order to create a buying opportunity for himself. Some, though, have been on top of their game and nailed the rise of cryptocurrencies. The Winklevoss twins []

The post Big Money: Billionaires Piling Crypto appeared first on The Last American Vagabond.


Are you a Winner of a Jackpot? Learn How Jackpot, An Airdrop of Tokens, Works in the SP8DE ICO "IndyWatch Feed Crypto"

SP8DE is the next-generation, blockchain-based gaming ecosystem that forms a revolutionary protocol for online casinos. Developed on Ourobros, the POS protocol forming Cardano blockchain, SP8DE enables casino operators to develop and execute feature-rich gambling applications with a close-to-zero transaction fee, zero-house edge and auditable fair random numbers.

What makes the project interesting and distinguishing in the industry is its futuristic model and the jackpot prizes in its ICO. This project is a blend of innovation and explosion of joy that cannot be seen anywhere else. SP8DE is based on unbiased public randomness for developing and implementing distributed casino applications. Its protocol has been designed to make a change in the existing online casino system in the industry.

The ICO Brings the Golden Opportunity to Win Jackpot

The ICO token sale of the SP8DE platform is successfully going-on, started on February 8, 2018. The participants are entering the jackpot stages where additional SPX tokens will be airdropped randomly. The more the SPX tokens the participants hold, the higher the opportunity they get to win a bigger share of the airdropped tokens. Every jackpot is played among all existing token holders.

How the Jackpot in the SP8DE ICO works?

In its essence, each jackpot is the airdrop of tokens with certain modifications. Each token sold during the preceding Sale rounds gets a chance to win a jackpot during the following jackpot phases. The platform is all set to offer the largest jackpot of 28,888,888 SPX tokens to 10 lucky winners today. But this is just the beginning as more jackpot phases are scheduled throughout the duration of the crowdsale. The complete schedule is available below.


Jackpot I 10 Jackpots each of 28,888,888.80 SPX. A total of 288,888,888 SPX on February 15, 2018, 9:00 AM UTC


Jackpot II 28 Jackpots each of 13,888,888.86 SPX. A total of 388,888,888 SPX on February 23, 2018, 9:00 AM UTC
Jackpot III 100 Jackpots each of 8,888,888.88 SPX. A total of 888,888,888 SPX on March 3, 2018, 9:00 AM UTC
Jackpot IV 888 Jackpots each of 2,127,127.13 SPX. A total of 1,888,888,888 SPX on Ma...


What Do We Know About Florida? "IndyWatch Feed Crypto"

In this video, Jason Bermas talks about the tragedy in Parkland Florida and how all the signs were there yet no one seemed to listen, as well as some of the common denominators in these type of events.

Visit our MAIN SITE for more breaking news

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Observations on the Market & Investing "IndyWatch Feed Crypto"

I saw down with NYU Stern Prof Scott Galloway to talk long-term investing, volatility, and Bitcoin speculation:   Recorded Feb 6, 2018 Source: L2, inc.  

The post Observations on the Market & Investing appeared first on The Big Picture.


CFTC Chief: US Should Tread Lightly on Crypto Exchanges "IndyWatch Feed Crypto"

The head of the CFTC told lawmakers Thursday that any federal approach to crypto regulation should be "carefully tailored" to the risks involved.


PR: Bitcoin Holders, Claim Your BCP & BCPC Now or the Amount of Bitcoin Parallel Coins Will Decrease "IndyWatch Feed Crypto"

Bitcoin Parallel - Claim Your BCP & BCPC

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

Bitcoin holders at the block height of 507,000, please note that our official gateway channel for claiming Bitcoin Parallel coins was opened at 09:00:00 GMT on February 12, 2018.Please visit our official website as soon as possible and start claiming your BCP and BCPC for free.Based on the distribution rules set by our Foundation, the distribution of energy coin BCP and sidechain clearance coin BCPC will continue to decrease day by day:

The distribution rate is adjusted into two phases:

a) First Phase

During the first phase, from 9:00:00 GMT February 12, 2018 to 8:59:59 GMT February 13 2018, the distribution rate is at 100% which means 1 BCP and 1000 BCPC can be claimed per BTC. From the second day, the distribution rate will diminish by 2% each day, until the remaining distribution rate reaches 50%.

b) Second Phase

In the second phase, the distribution rate diminishes by 1% each week over 50 weeks.

Note: 1 day = 24 hours

For more details, please visit our official website:

Bitcoin Parallel Foundation

Contact Email Address
Supporting Link

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post...


Bitcoin Price Tests $10,000 as Market Cracks $475 Billion "IndyWatch Feed Crypto"

The post Bitcoin Price Tests $10,000 as Market Cracks $475 Billion appeared first on CCN

The cryptocurrency market recovery continued on Thursday, with nearly every top 100-cryptocurrency rising in value against the US dollar. The Bitcoin price headlined the advance, testing the $10,000 for the first time since Feb. 1. Ripple, meanwhile, surged on the surprising news that money transfer behemoth Western Union is trialing XRP integration in a pilot

The post Bitcoin Price Tests $10,000 as Market Cracks $475 Billion appeared first on CCN


Markets Update: Bitcoin Recovers to Test $10,000 Area "IndyWatch Feed Crypto"

The BTC markets have ramped up to test the $10,000 USD area on leading exchanges following a break above resistance at $9,000. Bitcoin has recovered by more than 60% since testing the $6,000 area on February 6th.

Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC

Bitcoin Tests $10,000

Bitcoin has produced bullish action in recent days, forming an inverse head and shoulders pattern on the 4-hourly chart before breaking above resistance at roughly $9,000 area yesterday.

Markets Update: Bitcoin Recovers to Test $10,000 Area

The bearish action of recent weeks saw bitcoin lose approximately 65% of its value falling from approximately $17,000 at the start of January to the recent low of less than $6,000 on the 6th of February. When compared with the all-time high of approximately $19,700 from December 17th, the drop down to $6,000 comprised a 70% loss in the value of BTC in just seven weeks.

Bullish Recovery Signs for BTC

The recent bullish momentum has seen bitcoin break above the 23.6% retracement area of...


Litecoin Cash - Another Bitcoin-Bitcoin Cash Saga? "IndyWatch Feed Crypto"

Litecoins hard fork, Litecoin Cash, is being called a scam in a situation being likened to the Bitcoin-Bitcoin Cash saga. #FORK


Divorce Dispute: Couple Fights Over $830K Of Bitcoin "IndyWatch Feed Crypto"

Thankfully, the noxious love-a-thon that is Valentines Day is now out of the way for another twelve months. The Hallmark holiday once again drummed up suitable trade for restaurants, jewellers, and purveyors of assorted heart-shaped tat across the planet. No doubt after being indoctrinated into making the most flamboyant display of affection possible, countless blokes got down on one knee to ask their nearest and dearest to spend the rest of their life with them. We all know how itll end up. A few years of feigned marital bliss shortly followed by an endless messy divorce. He takes the car and the dog. She gets the house and the kids. But what about the crypto?

Quarrelling couples are finding the lack of regulation surrounding Bitcoin and other digital currencies a particular headache when it comes to dividing possessions after a split. UK law firm Royds Withy King reported that are dealing with at least three cases of divorce that involve potential settlements of Bitcoin, Litecoin, or Ethereum. Whilst two of these involve smaller amounts, one is notable in that the figure the pair are disputing is $830,000.

Business Insider report that the husband of the couple had invested 80,000 ($110,000) in cryptocurrency. This has since multiplied in dollar value and since the divorce, the spouse has decided to try and claim a share.

Speaking with the publication, Royds Withy King stated that partners in the cases were:

seeking the disclosure and a potential share of cryptocurrency assets.

Without regulation or legal precedent governing such matters, the firm is at a loss with how to guide their clients. The number of people involved in similar cases is only set to increase as more people make investments in the digital currency market. One of the partners at Royds Withy King told the news source:

These are the first cases we have seen, and we expect to see many more We believe that cryptocurrencies will be a significant feature in a large number of divorces. Whilst cryptocurrencies are volatile, they are not going to go away. It is important that if you believe your husband or wife has invested in or purchased cryptocurrencies, such as Bitcoin, and you are separating, you tell your legal adviser.

The post Divorce Dispute: Couple Fights Over $830K Of Bitcoin appeared first on NewsBTC.


Coincheck Produces Recovery Plan While Investors Flock to Withdraw Funds "IndyWatch Feed Crypto"

Coincheck Produces Recovery Plan While Investors Flock to Withdraw Funds

Japanese cryptocurrency exchange Coincheck has submitted a report to the countrys financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. However, customers rush to withdraw 40.1 billion yen of their funds so far as the exchange resumes yen withdrawal service.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Coinchecks Improvement Plans

Coincheck has submitted a report to the Japanese Financial Services Agency (FSA) as mandated under the Order to Improve Business Operations. The order was handed to the exchange by the FSA following the hack that resulted in the loss of 58 billion yen (~USD$544 million) worth of NEM from its platform.

Coincheck Produces Recovery Plan While Investors Flock to Withdraw FundsIn its report, Coincheck explains key areas of improvement to the agency. Specifically, the exchange...


Bitcoin Price Tops $10K Across Major Exchanges "IndyWatch Feed Crypto"

The price of bitcoin returned to above $10,000 levels Thursday, propelled by a strong U.S. trading session.


Questions Mount Over $170 Million BitGrail Hack "IndyWatch Feed Crypto"

The post Questions Mount Over $170 Million BitGrail Hack appeared first on CCN

Questions continue to mount over $170 million worth of Nano (XRB) tokens that have gone missing from little-known cryptocurrency exchange BitGrail. As reported by CCN sister site Hacked, there is growing suspicion among Nano (formerly Raiblocks) community members that BitGrail, which is based out of Florence, Italy, was insolvent long before the alleged hack and

The post Questions Mount Over $170 Million BitGrail Hack appeared first on CCN


European Authorities Seek Arrests in Bitcoin Scam Investigation "IndyWatch Feed Crypto"

Austrian authorities are pursuing suspects across Europe in an alleged bitcoin scam that led to millions of dollars in losses for investors.


Ripple cryptocurrency announces their blockchain technology to be used in Saudi banks "IndyWatch Feed Crypto"

The parent company behind the centralized and third-largest cryptocurrency, Ripple, will work in the banking system of the oil-rich Kingdom of Saudi Arabia, the firm claims. Saudi Arabia and Ripple, the company behind the XRP coin, will cooperate by using xCurrent, software that enables banks to instantly settle cross-border payments with end-to-end tracking. "Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers," said Dilip Rao, Ripple's global head of infrastructure innovation.


Hedge Fund Managers Pounce on Bitcoin Volatility "IndyWatch Feed Crypto"

The post Hedge Fund Managers Pounce on Bitcoin Volatility appeared first on CCN

Sophisticated hedge fund traders are drawn to speculation, as evidenced by a more than a twofold increase in the number of crypto-driven hedge funds in recent months. Fintech analysis firm Autonomous NEXT told CCN hedge funds are currently overseeing between $3.5 billion and $5 billion in assets under management (AUM) across 226 crypto funds, in

The post Hedge Fund Managers Pounce on Bitcoin Volatility appeared first on CCN


CFTC Joins SEC In Warning Against Crypto Pump-and-Dumps "IndyWatch Feed Crypto"

The Commodity Futures Trading Commission (CFTC) on Thursday issued a warning about cryptocurrency pump-and-dump schemes.


Heres Why You Cant Judge a Coin by Its Market Cap "IndyWatch Feed Crypto"

Heres Why You Cant Judge a Coin by Its Market Cap

Ever heard of a coin called ucash? You should have. Its in the worlds top 25 cryptocurrencies after all, based on market cap, placing it higher than stratis, omisego, and zcash. Making it to the hallowed heights of 21st, where ucash placed on February 12, calls for mainstream media coverage, a growing user base, and significant adoption you would think. As it turns out, ucash is an outlier a nothing coin whose ascent is proof that you cant judge a coin by its cap.

Also read: United Bitcoin May Be the Most Controversial Fork to Date

Fake It Till You Make It

Its widely accepted that market capitalization that is, the total value of all coins in circulation multiplied by their last traded price is a crude reckoner. As an approximate guide to the relative size of respective cryptocurrencies, market cap usually suffices, but there are occasions when its glaringly wrong. Ucash is the perfect case in point. The obscure altcoin or shitcoin, as such offerings are pejoratively described rose out of nowhere this week to soar into the crypto top 100.



Austrian Bitcoin Scam: 10,000 Victims Lose 12,000 BTC ($115 Million) "IndyWatch Feed Crypto"

The post Austrian Bitcoin Scam: 10,000 Victims Lose 12,000 BTC ($115 Million) appeared first on CCN

An alleged scam involving investments in bitcoin in Austria has reportedly affected over ten thousand investors in the country and around Europe. Details are emerging about an Austrian investment scheme, dubbed Optioment, where its operators have reportedly stolen some 12,000 bitcoins (approx. $116 million in current prices) from over 10,000 victims invested in the scheme.

The post Austrian Bitcoin Scam: 10,000 Victims Lose 12,000 BTC ($115 Million) appeared first on CCN


Western Union Confirms Testing Ripple Technology For Money Transfers "IndyWatch Feed Crypto"

Western Union is testing Ripples Blockchain to facilitate cross-border and domestic money transfers. #NEWS


Bill Gates on Privacy vs. Security "IndyWatch Feed Crypto"

The Future of Cryptocurrency: A Bit Extreme? (Chris)

David Golumbia, author of The Politics of Bitcoin (2016, University of Minnesota) recently spoke with Sam Seder about the the far-right implications of the ideas underlying cryptocurrency. In the interview, Golumbia (who also recently appeared on Against the Grain) makes a case for a democratic economy, rather than one created by a shady hacker class.

DC Police and the Feds Partner With Hard Right to Convict Trump Protesters (Trevin)

Collaborating with the rabid anti-government Oath Keepers and the far-right group Project Veritas is one thing. One reporter has asked whether police in Washington have recently broken the law, pointing out that the city council has passed laws barring them from spying on protesters.

Pentagon Wants Bigger Budget to Counter Russia and China (Jimmy)

The authors write, Citing increasing threats from China and Russia, the Pentagon is asking for a major boost in military spending for 2019, requesting Congress approve a budget of $686 billion one of the largest in US history. Touting the proposal on Monday, President Donald Trump said the US military would be the strongest it has ever been, including increasing arsenals of virtually every weapon.

How Inflation Works And Affects Your Grocery Bill (Dan)

How does a trucker moving paper goods from the Midwest to the East Coast affect the price of your chicken? Read here.

Dutch Foreign Minister Resigns After Lying About Putin Meeting (Trevin)

Halbe Zijlstra admitted to a campaign lie about a meeting in 2006 where he claimed to have overheard the Russian president discuss his imperialist ambitions. Zijlstra has conceded that he wasnt present at the meeting but heard the story from somebody who was, and that he had made up the story to protect his source.

Attack of Clintons Bot Army (Dan)

For those of us still reeling from the 2016 election, this article deta.........


Philippines Banks to Use Visa's Blockchain Payments Platform "IndyWatch Feed Crypto"

Five banks in the Philippines are teaming up to use Visa's blockchain-based payment system, according to a report.


Humans Die. Cryptocurrencies Dont: Why You Should Begin Planning Your Estate Immediately "IndyWatch Feed Crypto"

The post Humans Die. Cryptocurrencies Dont: Why You Should Begin Planning Your Estate Immediately appeared first on CCN

Five years ago, 26-year-old Matthew Moody was killed as the result of a tragic plane crash in California. Moody, a prolific Bitcoin miner, left behind what is likely a small fortune. My son was actually one of the earliest people to mine it, said his father, Michael Moody, in a Bloomberg interview detailing the familys

The post Humans Die. Cryptocurrencies Dont: Why You Should Begin Planning Your Estate Immediately appeared first on CCN


Crypto Exchanges Launch P2P Platforms from Latvia and Bulgaria "IndyWatch Feed Crypto"

Crypto Exchanges Launch P2P Platforms from Latvia and Bulgaria

While European institutions are issuing another series of warnings about the risks and sins of dealing with bitcoin, crypto communities on the Old Continent are trying to preserve freedoms not granted by Brussels. Two exchanges from opposite corners of New Europe have announced plans to offer peer-to-peer cryptocurrency trading. Latvia-based Hodlhodl has launched its new P2P platform in beta-mode, and Bulgarian is developing its own service that may replace the fiat medium with a token.  

Also read: Global P2P Crypto Markets Experience Record Volume Throughout December

Going Global

Intensive work to develop decentralized and unregulated crypto markets has been going on in the EU periphery, where memories of excessive regulation and centralization, political and economic, are still vivid. Two exchanges from both ends of (New) Europe have announced preparations to offer full-fledged P2P services to their users, with global aspirations in mind, as well.


Soros Fund Becomes Number 3 Shareholder of Overstock, CEO Known For Pro-Bitcoin Stance "IndyWatch Feed Crypto"

2.5mln share buy sees Soros become 3rd biggest shareholder of the pro-Bitcoin retailer Overstock. #NEWS


Surging Litecoin Is Leading the Crypto Price Recovery "IndyWatch Feed Crypto"

The recovery of the wider crypto market is looking stronger by the day, and litecoin is leading the way.


Cisco And Ukrainian Cyber Police Uncover $50 Mln Bitcoin Phishing Scam "IndyWatch Feed Crypto"

Cisco and the Ukrainian Cyber Police have exposed a phishing ring that stole $50 mln in Bitcoin over three years. #NEWS


MIT Professor Raises $4 Million to Build a Better Blockchain "IndyWatch Feed Crypto"

The developers of the Algorand blockchain protocol have raised $4 million in seed funding from VC firms Pillar and Union Square Ventures.


Litecoin Price Cracks $235 as Rally Extends Another 16 Percent "IndyWatch Feed Crypto"

The post Litecoin Price Cracks $235 as Rally Extends Another 16 Percent appeared first on CCN

The Litecoin price extended its rally on Thursday, rising 16 percent to briefly crack the $235 barrier and achieve its highest mark in a month. Litecoin Price Rally Continues Yesterday, the Litecoin price achieved the $200 mark and raised LTC/BTC to its highest value in nearly three years. Today, Litecoins bullish advance continued, and LTC

The post Litecoin Price Cracks $235 as Rally Extends Another 16 Percent appeared first on CCN


94-Year-Old Berkshire Hathaway VP: Its Disgusting People Buy Bitcoin "IndyWatch Feed Crypto"

Step on it hard, Berkshire Hathaways Munger tells US government. #NEWS


IBM Wants You to Know Blockchain Can Go Wrong "IndyWatch Feed Crypto"

IBM has a team of cybersecurity experts working with enterprise clients to make sure their distributed ledgers are free from vulnerabilities.


South Africas Central Bank Launches Ethereum-Based Blockchain PoC "IndyWatch Feed Crypto"

The post South Africas Central Bank Launches Ethereum-Based Blockchain PoC appeared first on CCN

The central bank of South Africa has launched a new proof-of-concept (PoC) project to replicate interbank settlements on an Ethereum-based blockchain. The South African Reserve Bank (SARB), the countrys central bank, has announced a new FinTech initiative that will include Project Khokha a blockchain PoC endeavor via a partnership with Ethereum coder collective ConsenSys,

The post South Africas Central Bank Launches Ethereum-Based Blockchain PoC appeared first on CCN


How to Profit From the Bitcoin Bloodbath "IndyWatch Feed Crypto"

The Bitcoin bubble seems to be bursting. The bottom has fallen out, just as it did in the DotCom bubble in 2000.

But investors shouldnt give up on cryptocurrencies: this is just the beginning. Take a look at the below chart to see what happened to Bitcoin every time it had a steep correction.

global blockchain

People have missed the real power of cryptocurrencies. So far, theyve been thought of as alternative currencies, taking the place of fiat currency in transactions.

But thats only half the story. What cryptocurrencies really do is monetize social networks, unlocking the value of a network by harnessing user engagement.

Corporations view cryptos as a way to monetize users participation for additional revenue. Investors who buy into corporate crypto, like the new KodakCoin, can gain from a networks popularity, something that is different than just buying stock.

And with the KodakCoin venture already looking like a success, other corporate coins could soon be entering the market.

The blockchain is expected to disrupt every industry: real estate, shipping, banking, and healthcare. The sky is the limit.

And one company has the expertise needed to manage the next stage of the revolution.

#1 Enter Global Blockchain

Global Blockchain Technologies Corp. (CSE: BLOC; OTC: BLKCF) is a company ready to capitalize on the next wave of crypto investment. When and if the new corporate crypto-currencies take off, BLOC will give its investors a chance to profit, without exp...


Ethereum Developer Resigns as Code Editor Citing Legal Concerns "IndyWatch Feed Crypto"

Ethereum dev Yoichi Hirai has resigned as GitHub editor, airing concerns that a contentious proposal may be in violation of Japanese law.


Zero Edge Raised Significant Funds in Pre-Sale "IndyWatch Feed Crypto"

Zero Edge Raised 5 million USD from Private Investors

Zero Edge is set to fully revolutionize the online casino industry with its brand new cryptocurrency-based online gambling model. In its run-up to Pre-ICO and ICO, Zero Edge has already attracted widescale global investment, giving it the impetus it needs to push through with their plans to turn the online gambling industry inside out.

At the time of writing, the Zero Edge online gambling model, which includes a unique cryptocurrency-based money system known as Zerocoin, has raised in excess of 5 million USD from a broad cross-section of private investors. However, more is predicted to stream in on the heals of pre-sale demand and an ever-increasing global interest in the Zero Edge 0% house edge casino model.

zero edge

Zero Edge Revolutionary Model Explained offers 0% edge Casino games. World first 0% edge games attract demand for Zerocoin, because of this, its value rises. Players can play 0% games while Zerocoin price rises. Simply put, the ultimate solution to the problem is creating a platform where playing games is free. Players are not required to pay any fixed amount of money to be able to play at the casino. This can only be achieved by creating a closed loop economy with its own token where players purchase the token with fiat or crypto. Since the supply of ZERO is limited, its value is directly proportional to demand.

Blockchain & Smart contract technology allows to create a fully transparent and truly fair gambling environment where players have more opportunities to participate, can completely trust the platform, and have a real chance of winning while at the same time being a part of a bigger community which fosters social inclusion and mutual values.

Pre-ICO is Coming Soon!

Zero Edge is introducing its own unique cryptocurrency known as Zerocoin, the only way that gamblers will be able to participate in true 0% house edge online casino games through the Zero Edge online casino network. The value of Zerocoin is set to rise rapidly, as more and more people flock to Zero Edge to enjoy true 0% house edge games.

This is also the perfect opportunity to learn about the pre-ICO or Initial Coin Offering which is set to start on the 28th of February 2018,...


Litecoin Lifted on LitePay and Upcoming Litecoin Cash Fork "IndyWatch Feed Crypto"

Cryptocurrencies have their moments, each day one will outshine the rest on the back of good news or a FOMO (fear of missing out) moment. Today Litecoin has been on a roll as a double whammy of news has awoken the crypto coin from a long slumbering down trend.

At the time of writing Litecoin is trading at just over $232 according to Livecoinwatch (including South Korean markets) which puts it around 28% higher than this time yesterday. This time last week the altcoin was hovering around $145 so its weekly increase is an even more impressive 60%. Litecoin has had a rough year plummeting from an all-time high of $370 just before Christmas to a low of $107 on the big February 6 dip. This is the first time the digital asset has shown solid gains in just under two months.

LitePay lights it up

According to CNBC, which is more accustomed to spreading FUD, Litecoins surge can be attributed to the launch of a new payments processor. LitePay, due for launch on February 26, will enable merchants and businesses in 41 countries including the US, UK, China, Japan and Germany to accept payments in Litecoin. It is a Visa-compatible system that converts Litecoin to dollars, which would enable users to use Litecoin anywhere Visa is accepted.

Additionally the Singapore registered non-profit Litecoin Foundation is also an investor in the new system. LitePay CEO Kenneth S. Asare told media;

Our goal is to create a way for merchants to earn Litecoin, which is a particularly good crypto currency for payments, 

In addition to LitePay, Coinbase recently launched a crypto payments app enabling merchants to receive the top digital currencies, including Litecoin.

Forking frenzy

Further interest in the once slow moving altcoin has come from an impending fork due around February 18 at block 1371111. When the chain splits holders of Litecoin have been promised 10 new Litecoin Cash tokens for every 1 LTC they have. There is a catch though which has raised concerns of a scam and drawn criticism from Litecoin founder Charlie Lee.

Usually blockchain forks are supported by the exchanges, as was the case with Bitcoin Cash, however this time there has been no mention of it. To claim free LCC is not easy...


Indias Banks Tigthen Cryptocurrency Regulation, Prohibit Use of Credit Cards in Trading "IndyWatch Feed Crypto"

The post Indias Banks Tigthen Cryptocurrency Regulation, Prohibit Use of Credit Cards in Trading appeared first on CCN

Several weeks after Western banks banned the usage of credit cards in cryptocurrency investment, banks in India have prohibited debit and credit card usage in cryptocurrency purchases. In a statement sent to its customers obtained by Quartz, Citibank wrote: [There have been] concerns, both globally and locally, including from the Reserve Bank of India, cautioning

The post Indias Banks Tigthen Cryptocurrency Regulation, Prohibit Use of Credit Cards in Trading appeared first on CCN


PR: Fysicals Location Data Proves Racially Diverse Crypto Crowds Are Wealthiest "IndyWatch Feed Crypto"

Fysical's Location Data

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

Fysical, a decentralized location data market, used location data from its 1,000 data suppliers to prove that racially diverse crypto crowds are also the wealthiest.

It analyzed millions of anonymous location data points from the attendees of six major cryptocurrency and blockchain conferences to create insights, study foot traffic patterns, and determine the demographic makeup of the attendees. It used location data to trace the origin of conference attendees back to the zip code of their households, and cross referenced their zip code with public census data to create demographic statistics.

Conferences analyzed:

Blockchain Conference, Washington DC, July 17
Block-Con, Los Angeles, October 17
Blockchain Expo North America, Santa Clara, November 17
Token Summit, San Francisco, December 17
World Crypto Economic Forum, San Francisco, January 18
Blockchain Connect, San Francisco, January 18

Four Key Discoveries:
1) MOST RACIALLY DIVERSE: Blockchain Expo North America
2) HIGHEST AVERAGE INCOME: Blockchain Expo North America
4) MOST POST-GRADUATE DEGREES: Blockchain Conference

1) MOST RACIALLY DIVERSE: Blockchain Expo North America
Blockchain Expo North America drew a crowd that came from neighborhoods that were on average 48% Caucasian, 26% Asian, and 23% Hispanic, among top ethnic groups.

2) HIGHEST AVERAGE INCOME: Blockchain Exp...


How to Get Paid for Your Web Search: A Startup to Give Data Control Back to Users "IndyWatch Feed Crypto"

A new platform allows users to profit each time businesses use their data to make offers. #SPONSORED


Western Union to Trial Ripple XRP Transfers "IndyWatch Feed Crypto"

Ripple has had the year from hell from the standpoint of its cryptocurrency price. XRP has lost over 70% of its value since its all-time high of $3.8 on January 4. However things could start to improve for the San Francisco based blockchain company as its list of partners continues to grow. Added to that list this week was global payments giant Western Union who has begun testing transfers using XRP.

In terms of new partners Ripple has had a great start to 2018, just last week it joined up with Dubai based UAE Exchange and made inroads to Chinese online shopping markets by partnering with Asian e-payments giant LianLian. The company is also working with Moneygram and over a hundred other financial organizations and banks eager to cut fund transfer costs and increase speeds.

Union with a payments giant

Western Union chief executive, Hikmet Ersek, told analysts this week that the company has begun experimenting with Ripple and XRP for settling transactions. CTO Sheri Rhodes told media:

We continue to explore possible blockchain applications for our business, and we are piloting some settlement tests with Ripple for certain corridors. For blockchain in general, were looking at areas such as transaction processing and settlement, working capital optimization, regulatory technology, and digital identity.

Two primary products are offered by Ripple to facilitate payments and transactions. xCurrent, which over 100 financial institutions are currently using, enables real-time messaging, and real-time settlement between banks. While, according to Ripple CEO Brad Garlinghouse, xRapid allows;

real-time liquidity. The Bank of Andy can sell $1, buy XRP. That XRP can then be moved to an Argentinian digital asset exchange, you can sell the XRP and buy an Argentinian peso, and now you have good liquid funds in less than 10 seconds in another market.

Western Union is trialing this XRP based xRapid system, a Ripple spokesperson said;

Weve been testing different products with Western Union for a while. Were excited about our work towards a pilot implementation of xRapid, which uses XRP in payment flows.

Crypto coin reaction

XRP price has yet to fully react to the news but it is sure to have an impact if global payments providers start using it on a daily basis. Most altcoins are up over the past 24 hours and XRP is among them trading 9% higher at the time of writing. It has ga...


Crypto Asset Lending Startup BlockFi Raises $1.55 Million "IndyWatch Feed Crypto"

BlockFi, a startup that offers U.S. dollar loans to crypto-asset owners, has raised $1.55 million in capital from investors.


Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC "IndyWatch Feed Crypto"

While its trading clients might have preferred Coinbase to focus on improving its core service, the exchange is busy now expanding into another market. Coinbase Commerce has launched to help online stores handle payments in four leading cryptocurrencies.

Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether

Coinbase Commerce

San Francisco-based cryptocurrency exchange Coinbase has developed a new service that aims to simplify for merchants the adoption of multiple cryptocurrencies as payments for goods and services. Coinbase Commerce facilitates the acceptance of cryptocurrencies by monitoring, validating and confirming client transactions on each blockchain. And the company says that payments made from its customers are performed on-chain.

After a quiet soft launch test period, Coinbase Commerce was made available on Wednesday February 14 for all merchants globally. Online retailers everywhere can now use the service to accept bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH) and litecoin (LTC) payments. It enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Unlike previous merchant tools that the company developed, this one is not a hosted service, meaning that retailers have actual control of their own digital currency.



Cryptocurrency Market Records Large Gains, Litecoin Surges by 30% "IndyWatch Feed Crypto"

The post Cryptocurrency Market Records Large Gains, Litecoin Surges by 30% appeared first on CCN

Over the past 24 hours, the cryptocurrency market has recorded large gains, as every major cryptocurrency including bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin recovered in value. Bitcoin and Ethereum Bitcoin demonstrated an 11 percent increase in price, moving closer to the $10,000 mark, which analysts often describe as the psychological threshold for the cryptocurrency.

The post Cryptocurrency Market Records Large Gains, Litecoin Surges by 30% appeared first on CCN


Saudi Banks to Begin Experimenting with Ripple Technology "IndyWatch Feed Crypto"

Banks all over the world are trying to come up with innovative ideas. A strong focus on faster payments and lower transaction fees seems to be the smart choice. Achieving that goal is not as easy as some people may think, though. It usually requires an entire infrastructure overhaul before any savings are passed down to customers. In the case of the Saudi central bank, theyre focusing on  Ripple technology to make this happen.

The news regarding Saudi Arabias central bank tapping Ripple is quite surprising. Even though the blockchain startup has a solid technology stack, there is still no real life banking app using it. The companys xCurrent system is of great interest to financial service providers, though. It can effectively allow for instant settlement of cross-border transactions. Additionally, there will be more transparency and lower costs to boot. This is also good news for customers who have an account with any bank using the xCurrent stack.

Another Feather in the cap of Ripple

As of this week, Saudi Arabia has its own sandbox environment to experiment with this technology. The Saudi Monetary Authority entered an agreement with Ripple to see how this technology holds up in the banking sector. All of the necessary training and project management will be provided by the SAMA. Any bank in the country is invited to develop new use cases for Ripple technology in the coming months. It is evident big things are bound to happen for this company and its native XRP asset.

Ripple Global Head of Infrastructure innovation Dilip Rao comments:

Central banks around the world are leaning into blockchain technology in recognition of how it can transform cross-border payments, resulting in lower barriers to trade and commerce for both corporates and consumers. SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using Ripples innovative blockchain solution.

It is not the first time the blockchain startup gets major recognition. Last year, the Bank of England...


Bitcoin Looks Above $10K, But Resistance May Await "IndyWatch Feed Crypto"

Having hit two-week highs, bitcoin is now aiming for the $10,000 mark, but further gains may be transient, the charts indicate.


Cisco Cybersecurity Team Cracks $50 Million Ukrainian Hacker Ring "IndyWatch Feed Crypto"

For years Ukrainian hackers have preyed on bitcoin investors, emptying wallets and then hiding behind the inherent anonymity of the encrypted blockchain.

$50 million in stolen cryptocurrency

Now Cisco has exposed a notorious Ukranian hacker ring known as Coinhoarder (very subtle) possibly responsible for thefts equaling more than $50 million from over many years.

According to a report from Ciscos Talos cybersecurity team, the thieves used a simple yet treacherous form of phishing that involved salting Google adwords with near named sites like

Users entered their security information thinking they were on legitimate sites which allowed hackers to steal cryptocurrency directly from their registered wallets. According to the Talos team;

The attackers needed only to continue purchasing Google AdWords to ensure a steady stream of victims,

Treacherous Phishing

Cisco investigated this groups Phishing campaign for over six months in cooperation with Ukrainian cyber-police and found that its technique had become increasingly common in the wild, with attackers targeting many different crypto wallets and exchanges.

The Coinhoarder thefts occurred over three years but culminated in late 2017 as the value of Bitcoin and other cryptocurrencies rose sharply. The group reportedly got away with $10 million between Sept. and Dec. and in one frantic burst of advertising snatched $2 million in less than 4 weeks.

Cisco was able to trace some of the stolen funds with the assistance of Ukrainian law enforcement to the thieves own wallet address. Though this doesnt reveal the identity of the crooks as the wallets are under pseudonyms, Cisco hopes that by scouring forums like Reddit they may eventually pick up clues to the real names of the hackers.

Coinhoarders arent the only hacker group to use phishing as a way to attract potential victims. The same technique is employed by the notorious Lazarus Group from North Korea. Cisco found that people from countries with insufficient banking facilities and services are more likely to fall prey to these kinds of techniques as they look towards cryptocurrency as an alternative way to store and move wealth.

In a bit of irony residents from the African countries of Nigeria and Ghana top this list of victims. Schemes like phishing that rely on digital ads have prompted Facebook to ban all cryptocurrency ads while Google is exploring ways to put an end to the m...


Bitcoin Isn't the Only Crypto Adding Lightning Tech Now "IndyWatch Feed Crypto"

A spate of major cryptocurrencies are looking to lightning network-like systems as part of an effort to scale their platforms for more transactions.

IBM Wants Governments to Focus More on Internal Blockchain use Cases "IndyWatch Feed Crypto"

Finding use cases for blockchain technology is not that difficult. Most efforts focus on the financial sector, but theres a lot more to this technology than just finance. According to IBM, this technology can disrupt the way we think about governments altogether. Jerry Cuomo is convinced governments should embrace distributed ledgers and encourage global use of this revolutionary technology as much as possible.

There are a lot of different facets of blockchain technology. For most enterprises, it is all about streamlining financial operations. While there is merit in that approach, its important to keep an eye on the bigger picture. Distributed ledgers can be used to disrupt virtually any operation or business model we know of. Moreover, it is not just the foundation for cryptocurrencies, which are a pain in the neck for most banks and governments right now.

IBM is Bullish on Blockchain Technology

With IBM firmly advocating for blockchain, things will undoubtedly get very interesting. It is a transformative technology, which should be treated as such at all times. IBM fellow Jerry Cuomo is convinced this technology can disrupt governance and most business operations in  a positive way. The company is engaged in over 400 distributed ledger projects as of right now, which is rather impressive. Moreover, he further confirms these efforts span many different industries. Supply chain, healthcare, and government services are just some of the potential industries prone to disruption.

Unfortunately, it seems most of these efforts focus on the US. Although that is not a bad thing, the rest of the world needs to wake up, according to Cuomo. IBM has shown there are dozens, if not hundreds, of use cases for distributed ledgers. It is now up to other governments to encourage the use of this technology. Moreover, it is time governments themselves start using blockchain technology as well. Securing identities, enabling convenient payments, and revamping administrative tasks are just some of the possibilities.

Whether or not the words by IBM will fall on deaf ears, remains to be seen. The Dubai government has partnered the technology company for a citywi...


Hackers Exploit Telegram Zero-Day Flaw to Mine Cryptocurrencies "IndyWatch Feed Crypto"

The post Hackers Exploit Telegram Zero-Day Flaw to Mine Cryptocurrencies appeared first on CCN

According to Russian cybersecurity firm Kaspersky Labs, hackers have been using a zero-day exploit in Telegram to infect its users with a cryptocurrency-mining malware, so as to mine privacy-centric cryptocurrencies like Monero, Zcash, and others. Only Telegrams desktop app was targeted. The attack is the latest case of an ongoing cryptojacking trend that recently saw Continued

The post Hackers Exploit Telegram Zero-Day Flaw to Mine Cryptocurrencies appeared first on CCN


Crypto All Stars Brings Your Favorite Twitter Traders to the Blockchain "IndyWatch Feed Crypto"

Crypto All Stars Brings Your Favorite Twitter Traders to the Blockchain

Blockchain based trading cards are all the rage, with one estimate placing the transaction value of ethereum games at $10 million a day. While the vast majority of these games are derivative and ephemeral, thats not to say they cant provide short-term entertainment. The latest addition to the Crypto Kitties stable is Crypto All Stars, which promises to bring all your favorite Twitter shitposters to the blockchain.

Also read: People Are Paying Thousands of Dollars for Crypto Celebrities on the Blockchain

Pyramid Scheme Meets Proof of Ego

Crypto All Stars Brings Your Favorite Twitter Traders to the BlockchainThis weeks must-have blockchain game is next weeks relic, so the odds of Crypto All Stars standing the test of time seem remote. In the here and now though...


Blockchain May Help to End Seafood Slavery in Asia "IndyWatch Feed Crypto"

What most people dont think about when they tuck into a plate of tuna or prawns is that much of the seafood we eat is caught and processed by slaves.

According to the Global Slavery Index, there are some 300,000 slaves working in the Thai seafood industry alone. These are people coerced from neighboring Cambodia, Laos, and Myanmar with offers of decent work who soon find themselves with confiscated identification forced to work with little sleep or food and no recourse to legal help.

Part of the problem is the ease in which these workers can be smuggled into the country, hidden while they work on boats and in factories, and then disappeared either by eventually being released back to their own countries or killed and dumped at sea.

Now Nonprofit organizations see ways in which blockchain ledger technology can track migrant seafood workers as well as hold those exploiting them responsible.

Trace the seafood

The London based NGO Provenance has already adapted Blockchain technology to trace hand caught skipjack and tuna from Indonesia in a project called bait to plate. By attaching an RFID tag local fishermen use handheld devices to upload identification to the cloud. This information is recorded in Provenances blockchain ledger allowing an individual fish to be traced as it changes hands all the way to the end consumer.

This fairly straightforward approach may be easily implemented to trace certain kinds of seafood but Pavel Bains thinks the same kind of tech can be used to protect migrant workers in the industry as well.

Protect the workers

Bains, CEO of Bluzelle,  thinks wearable technologies can eventually be used to protect migrant workers rights. By recording and sending biometric, contract, payment and location information of workers to a blockchain which would record it in its ledger. Capturing this kind of data may be used to eventually prevent physical beatings, deprivation of food and water, sexual abuse and instances of laborers being killed and thrown overboard.

Bains recognizes that implementing a system like this is not going to be easy. Firstly the technical hurdles can look like a non-starter even before considering the cost of devices which will have to come way down. Then there is getting cooperation from governments all the way down to boat captains who have nothing to gain from this.

Regardless, blockchain technology will evolve and eventually there will be nowhere for human traffickers to hide.



Ethereum Classic Price Technical Analysis ETC/USD Could Correct Lower "IndyWatch Feed Crypto"

Key Highlights

  • Ethereum classic price rose sharply this week and traded above $32.00 against the US dollar before correcting lower.
  • There was a break below a connecting bullish trend line with support at $33.00 on the hourly chart of the ETC/USD pair (Data feed via SimpleFX).
  • The pair may correct a few points, but the overall trend is positive above the $30.00 level.

Ethereum classic price is placed nicely in the bullish zone against the US Dollar and Bitcoin. ETC/USD could move down a few points, but it remains supported on the downside.

Ethereum Classic Price Uptrend

There were nasty gains in ETC price from the $25.00 swing low against the US dollar. The price was able to move above the $28.00 and $30.00 resistance levels. The upside move was strong as the price traded as high as $35.44. Later, a downside wave was initiated and the price moved below $34.00. It even broke the 23.6% Fib retracement level of the last wave from the $27.32 low to $35.44 high.

Moreover, there was a break below a connecting bullish trend line with support at $33.00 on the hourly chart of the ETC/USD pair. The pair tested the $32.30 support and is currently trading nicely above $32.50. There was a test of the 38.2% Fib retracement level of the last wave from the $27.32 low to $35.44 high. At the moment, the price is consolidating in a range above the $32.00 level. It may correct a few points, but the overall trend is positive as long as there is no close below $30.00.

Ethereum Classic Price Technical Analysis ETC USD

On the downside, there is a major support at 50% Fib retracement level of the last wave from the $27.32 low to $35.44 high near $31.38. On the upside, the price has to move above $35.40 to trade towards $40.00.

Hourly MACD The MACD for ETC/USD has reduced most of its bullish slope.

Hourly RSI The RSI for ETC/USD is currently just around the 50 level.

Major Support Level $31.30

Major R...


Cisco: Bitcoin Phishing Scam Bagged $50 Million Over 3 Years "IndyWatch Feed Crypto"

Cisco has released new information about a bitcoin phishing scam that involves websites masquerading as


Bitfurys North American Mining Proxy Hut 8 to List on TSX This Month "IndyWatch Feed Crypto"

Bitfurys North American Mining Proxy Hut 8 to List on TSX This Month

Canada appears poised to become a new global hub for bitcoin miners. Already known to be attracting Chinese miners diversifying away from their home market with its cheap hydro-power electricity and cold climate, the countrys latest draw is easy access to capital. Firms such as Hut 8 are set to tap its welcoming market for early stage ventures.

Also Read: Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4

Bitfury IPO

Bitfurys North American Mining Proxy Hut 8 to List on TSX This MonthVancouver-based Hut 8 Mining Corp., a part of the Bitfury Group, is scheduled to list on the TSX Venture Exchange in Toronto, Canada this month. After its debut, Hut 8 will be 49 percent owned by the parent group, and the remaining stock in the hands of insiders and private placement investors.

It is planned that by mid of the year, Hut 8 will acquired 60 megawatts of Bitfurys mining power in Canada and have an exclusive agreement with the parent company to develop new farms in all...


British Couple Lawyer Up as $840k Cryptocurrency Divorce Heats Up "IndyWatch Feed Crypto"

British Couple Lawyer Up as $840k Cryptocurrency Divorce Heats Up

Divorce is never fun and rarely simple, but when one party generally the male owns cryptocurrency, theres an added layer of complexity. With cryptocurrency still relatively new as an asset class, there have been very few cases to date in which the unhappy couple have squabbled over altcoins. A British law firm professes to be handling three such cases at present, with the largest involving a tug-of-war over crypto valued at $840,000.

Also read: Divorce is Messy Especially When You Own Bitcoin

Kissing Goodbye to the Ball and Blockchain

It was only a matter of time until a high profile, high value crypto divorce grabbed the headlines. In the event, it was Britain that claimed the dubious honor of hosting the worlds largest cryptocurrency untethering to date. Crypto cash divorce nightmare looming reads the cheery press release published by UK law firm Royds Withy King, on Valentines Day no less. Bolstering the stereotype about opportunistic lawyers, it reads:

Royds Withy King is acting on three separate high value divorce cases where spouses are seeking the disclosure and a potential share of cryptocurrency assets.  These are a first wave of cases that the firm is expecting. The three cases all involve husbands that have invested in or have purchased cryptocurrencies, including Bitc...


Report: Litecoin Gains Popularity on the Dark Web "IndyWatch Feed Crypto"

The post Report: Litecoin Gains Popularity on the Dark Web appeared first on CCN

Litecoin, according to a new report published by Recorded Future, is now the second most popular cryptocurrency token on the Dark Web. The report undertook a longitudinal analysis of digital communications avenues available to users on the dark web and found that nearly 30 percent of Dark Web vendors accept Litecoin. Report Findings Whilst Bitcoin Continued

The post Report: Litecoin Gains Popularity on the Dark Web appeared first on CCN


Magic Solution? 'Fellowship' of Coders Embark on Ethereum Quest "IndyWatch Feed Crypto"

A group calling itself the "Fellowship of Ethereum Magicians" is seeking to change how the world's second most valuable blockchain makes decisions.


Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00008 BTC
0.00010 BTC = 1.30 AUD

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 1.02 USD
1.00 USD = 0.00010 BTC


Barely anyone is reporting their Bitcoin gains to the IRS "IndyWatch Feed Crypto"

According to a recent study from Credit Karma Tax, a very small percentage of the people who own cryptocurrency are actually reporting it to the IRS.

Fewer than 100 of 250,000 federal tax returns prepared and filed so far this year through the company have reported cryptocurrency gains and losses, Credit Karma told CNBC on Tuesday.

Generally, Americans with more complex tax situations file later in the tax season, especially if they expect that theyll owe money. However, given the popularity of Bitcoin and cryptocurrencies in 2017, wed expect more people to be reporting, Credit Karma Tax General Manager Jagjit Chawla said in a statement.

According to the study, 52 percent of the companys tax filers this year were millennials, and just 14 percent are 55 or over.

For anyone who has been interested in cryptocurrency for a while, the fact that people are surprised that no one is paying their taxes is strange, considering the fact that this has always been one of the primary advantages of cryptocurrency and one of the main reasons for its growing popularity.

Even crypto traders who actually intend on paying their taxes have no clue how to actually claim their earnings because the government has been vague about their policies, and they continue to make the record keeping more difficult, which is pushing many traders to avoid filing altogether.

Under new rules passed by the IRS this year some owners of cryptocurrency would be forced to pay up to 60% of their earnings.

For now, there isnt much that the government can actually do about this, considering the fact that cryptocurrency is anonymous by its very nature. However, the government can seek out centralized exchanges as they have in the past with companies like Coinbase.

Earlier this year a court ordered Coinbase to give the government information on all of its customers who had over $20,000. It is highly likely that the government will continue to do this, but these companies are free to leave the US, and many of them are already based in countries that are more hands-off with cryptocurrency.

A survey from LendEDU and conducted by Pollfish taken in November suggested that less than half of those polled were not planning to report their cryptocurrency holdings to the IRS.

It will be interesting to see how things play out as IRS tax collectors are preparing to fight against a technology that they dont unders...


Indian Cryptocurrency Exchanges Plan to Maintain Shared User Database "IndyWatch Feed Crypto"

Indian Cryptocurrency Exchanges Plan to Maintain Shared User Database

Indian cryptocurrency exchanges are reportedly planning to create a database of crypto traders and their transactions. User account data would be tied to either an Aadhaar ID or a Permanent Account Number. This proposal comes amidst the Indian government actively working on crypto regulations.

Also read: Japans DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Database of Crypto Traders

Indian Cryptocurrency Exchanges Plan to Maintain Shared User DatabaseCryptocurrency exchanges in India are reportedly planning to create a central repository of users that will help create and maintain a real-time record of transactions, the Economic Times reported. The exchanges are members of the Blockchain and Cryptocurrency Committee (BACC) of the Internet and Mobile Association of India (IAMAI...


Terrified of Bitcoin, banks forced to innovate for the first time in 40+ years "IndyWatch Feed Crypto"

Terrified of Bitcoin, banks forced to innovate for the first time in 40+ years by Simon Black Sovereign Man Yesterday morning, several banks in Australia started rolling out a new payment system theyre calling NPP, or New Payments Platform....

The post Terrified of Bitcoin, banks forced to innovate for the first time in 40+ years appeared first on The Daily Coin.


The Hard Thing About Crypto Price Valuation "IndyWatch Feed Crypto"

Without traditional fundamentals, investors must rely on a range of methods to value cryptocurrencies some familiar, some novel, none foolproof.


B2Broker Launches Cryptocurrency Payment Gateway "IndyWatch Feed Crypto"

FX Aggregator B2Broker Launches Cryptocurrency Payment Gateway for Merchants

More retail forex brokers around the world can now offer their clients the option to fund their trading accounts with cryptocurrency. A tech provider from the FX industry, B2Broker, has created a simple platform for the online businesses to roll out.

Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether

B2Broker Cryptocurrency Payment Gateway

FX Aggregator B2Broker Launches Cryptocurrency Payment Gateway for MerchantsB2Broker, an aggregator and provider of turnkey, cloud, and liquidity solutions for the foreign exchange (FX) industry, has launched a new cryptocurrency payment gateway. The system is fully automated for both deposits and withdrawals and is translated into 10 languages. It also offers an improvement in the transaction speed to less than 20 seconds, compared with traditional payment gateways which can take days.

Beyond just online retail forex brokers, the company says the solution was developed to cater for a wider spectrum of business clients. These include cryptocurrency exchanges, ICO campaigns, hedge funds, online stores and other merchants wishing to accept cryptocurrency payments.

Evgeniya Mykulyak, COO of B2Broker, commented, We believe our crypto gateway will prove to be one of the most popular B2Broker products. We have responded to our clients who want to accept payments in cryptocurrency due to its popularity and are looking to expand their potential client base. With our cryptocurrency gateway, our main focus is on convenience, speed, security and cost-saving.



Coinbase Cuts Off New Credit Cards for US Customers "IndyWatch Feed Crypto"

Coinbase Cuts Off New Credit Cards for US Customers by Wolfie Zhao  Coin Desk TDC Note No cryptos for you one year! Or perhaps never. What about all those customers they were adding day after day, month after month?...

The post Coinbase Cuts Off New Credit Cards for US Customers appeared first on The Daily Coin.


US: Tax Filing Service Says Only 0.04% Of Customers Reported Crypto To IRS For 2017 "IndyWatch Feed Crypto"

Despite rise in crypto adoption, almost no Americans have reported crypto gains or losses this tax season to date, says Credit Karma. #NEWS


Bitcoin Miners Flock to the Buckle of the Power Belt "IndyWatch Feed Crypto"

The post Bitcoin Miners Flock to the Buckle of the Power Belt appeared first on CCN

Wenatchee, Wash., which a local daily dubbed the Buckle of the Power Belt for its vast hydropower potential back in the 1920s, is drawing in bitcoin miners these days. The states Columbia River- fueled dams are famous for their hydroelectric power, which produces cheap energy rates and which is an attractive feature for people interested

The post Bitcoin Miners Flock to the Buckle of the Power Belt appeared first on CCN


Citibank India Bans Both Credit And Debit Cards For Crypto Purchases, Cites Risks "IndyWatch Feed Crypto"

Citibank India tells customers via email about new debit and credit card ban for crypto purchases, citing risks. #NEWS


Seven UK Companies Form Cryptocurrency Trade Body "IndyWatch Feed Crypto"

Seven Companies Form UK Cryptocurrency Trade Body

Seven major crypto companies operating in the UK have announced the formation an independent cryptocurrency trade body. The group, Crypto UK, has stated that its principal aim is to improve industry standards and engage policymakers.

Also Read: Independent Ratings Agency Alerts Investors About Dangers of Tether

Leading Cryptocurrency Companies form Crypto UK Trade Body

Seven Companies Form UK Cryptocurrency Trade BodySeven leading cryptocurrency companies operating the UK have formed an independent trade body tasked with developing self-regulatory standards for the cryptocurrency industry, in addition to engag[ing] policymakers.

The members of Crypto UK are Coinbase, Etoro,, Blockex, Commerceblock, Coinshares, and Cryptocompare comprising trading platforms, exchanges, asset man...


How To Mine Smartcash? "IndyWatch Feed Crypto"

Smartcash will be huge soon, they have a very helpful and great community which will guide you on mining this coin using Windows, using anAMD GPU which will be the same process for Nvidia and just use the respective miner for Nvida and anything like steps and the same process with the other.

smartcash mining

At the moment, this coin is just a solo mining only space. This implies that you will just be mining using your own wallet and that means using the Smartcash wallet, with a tweak of Smartcash.conf settings and SGMiner.

STEP 1 :

Download your wallet on this link and just make it run for it to be able to update its settings with the current block.

smartcash mining

STEP 2 :

smartcash mining

You will have to edit the "start.bat" file with the credentials necessary for it to be working properly.

smartcash mining

It should be a one line code that looks like this,

smartcash mining

Change the -u parameter to a username of your choice and the then do the same for -P parameter as this is your password that you choose, do not share these details with anyone. once you are done save and exit.

STEP 3 :

Time to join the miner with the wallet and make it work, go to the following path on your computer C:\Users\yourusername\AppData\Roaming\smartcash change \yourusername to your computer user name. even if you cannot see the AppData path as it is defaul hiddden in Windows 10, you can goto the path by typing it in.

Once you have gotten to the smartcash path, we need to creat a .conf file, which will have the setting we need to make the wallet work with the gpu miner as a server.

The easiest way is to copy a .conf file from the SGminer directory, then edit it and rename, then you do not need to worry about trying to make one using notepad.

So to do this we went to our SGminer path were our GPU miner is and copied the sgminer-xmr.conf file now we...

Wednesday, 14 February


Token Holders Dont Give a Damn About Voting Rights and Community Governance "IndyWatch Feed Crypto"

Token Holders Dont Give a Damn About Voting Rights and Community Governance

Youve probably heard of The DAO and youve certainly heard of the ICO. Now say hello to the DAICO, an innovative fundraising model that aims to combine the best of both frameworks. The Abyss Platform is the first project to utilize this hybrid organizational structure, which has been credited as the brainchild of Vitalik Buterin. Theres just one problem with The DAO, the ICO and the mutant DAICO its spawned the public couldnt give a damn about key tenets such as voting rights and community governance. All they want is cheap tokens they can flip for a quick profit.

Also read: U.S. Corporate Customers Barred From Bitfinexs Margin Markets

Live and Let DAICO

The DAO (decentralized autonomous organization) was the first major project to be launched on the Ethereum blockchain, complete with a novel governance structure that replaced a board of directors with a community-run model. It didnt end well. A vulnerability in the code saw one third of the ether committed to the project stolen and The DAO collapsed. As prominent crypto critic and all-round mischief-maker Preston Byrne explains:

The original DAO could pass resolutions with a simple majority drawn from quorum of 20% (meaning as little as 10% +1 of the investors could bind the remaining 90%). No resolution ever passed because none of the tokenholders actually cared enough...


DC Blockchain Hearing Sees Call for Congressional Commission "IndyWatch Feed Crypto"

The House Committee on Science, Space and Technology seemed excited about blockchain's applications after Wednesday's hearing.


New Gigabyte GA-B250-FinTech 12x PCI-E Mining Motherboard "IndyWatch Feed Crypto"

It seems that Gigabyte is getting more serious in trying to get more of the mining market share for motherboards after they have left AsRock to dominate the mining motherboard market for a long time. They even lost positions to their main competitor Asus and many other smaller manufacturers that entered the mining market. Gigabyte has been trying to get back on track with the last years release of the affordable Gigabyte GA-H110-D3A 6x PCI-E GPU Mining Motherboard and now it seems the company is also targeting the market for more than 6/8/9 GPUs on a single motherboard as well with their new Gigabyte GA-B250-FinTech motherboard for up to 12 video cards.

The new mining motherboard is based on the Intel B250 Express Chipset and is meant for use with Intel LGA1151 processors and DDR4 system memory. It comes with DSUB and DVI video outputs for the built in Intel graphics inside the CPU and there are two extra onboard 4-pin Molex power connectors for use if you dont rely on powered PCI-E risers (not a very wise idea for 12 video cards), so you may skip them and just stick with powered risers. The rest is pretty standard configuration, though we should note that the motherboard does not seem to have an M.2 slot, so no option for extra 13th GPU or the ability to use an M.2 SSD drive and cut on extra cables.

The key selling point for Gigabyte with their GA-B250-FinTech 12x PCI-E mining motherboard is the cost savings you get when you use 12 video cards on a single board compared to two rigs with 6 cards each. While this is true, it is also worthwhile noting that 12 GPU mining rigs are larger and harder to maintain and support in case of trouble such as failed cheap Gigabyte Windforce fans for example.


Is Bitcoin BACK? The Cryptocurrency Surges Past $9000 "IndyWatch Feed Crypto"


Cryptocurrencies are rebounding, or so it seems. Bitcoin has surged past $9000 after hitting its most recent low of $5922.

According to Bloomberg, the worlds largest cryptocurrency had tumbled 70 percent from an all-time high of almost $20,000 set in mid-December on concerns that authorities from Asia to the U.S. were seeking greater oversight. The recovery from the recent low of $5,922 has emboldened long-term advocates.

The climb back to $9,000 range was inevitable, said Darren Franceschini, chief executive with Blockchain Technologies Consulting. It seems people in this industry dont watch what happens in crypto every few months and every year since 2015. Now, were waiting for Bitcoins next all-time high.

Bitcoin is not the only cryptocurrency experiencing a rally either. Smaller rivals, such as Ripple and Ethereum gaining at least 7.6 percent, respectively. Meanwhile, Litecoin jumped as much as 38 percent, aided in part on speculation that programmers may split off from the coins blockchain in whats known as a fork.

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