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The government and University of Gibraltar have created an advisory group to address the demand for new educational courses in DLT and smart contracts
A hacker who filmed himself accessing Apple iCloud accounts has appeared in a U.K. court.
Kerem Albayrak had demanded around $175,000 in ransom be paid in Bitcoin and Apple iTunes vouchers for the non-disclosure of sensitive user data.
An IT analyst from north London has been charged with one count of blackmail and two counts of unauthorised acts intending to hinder access to a computer. Albayrak appeared at Westminster Magistrates court where he was granted unconditional bail until his case is heard at Southwark Crown Court on November 14.
According to a report in the U.K.s Daily Mail, Albayrak had recorded himself hacking into iCloud accounts and posted the footage on YouTube. He then contacted Apple and demanded $170,000 to be paid in Bitcoin and iTunes vouchers. He warned the global tech giant that he would disclose the personal details taken from the 319 million users accounts he had gained access to if they did not meet his demands.
During court proceedings today, it was revealed that Albayrak initially requested around $75,000 before upping his demands to double that figure. He finally settled on $174,000 in Bitcoin and around $1,000 worth of iTunes vouchers.
The prosecutions legal representative, Lorna Vincent, stated:
Mr Karem Albayrak is accused of sending emails to Apple making financial demands for downloading database iCloud accounts and factory resetting those iCloud accounts He entered into the accounts of the alleged victims and posted a video of his hack onto YouTube.
Albayrak is far from the first to make such ransom demands on big companies. His efforts are reminiscent of last years WannaCry ransomware attack. Based on the same principle of blackmailing firms with threats of releasing sensitive data, the malware attack infected hundreds of thousands of computers across the globe. The hacker behind it was able to evade authorities for over a year, but was arrested last month.
In a number of decidedly more analogue attacks, people replaced data as the cornerstone upon which to leverage Bitcoin blackmails. In July of this year, a businessman from...
New York investment firm Gelfman Blueprint, Inc. (GBI) will see over $2.5 million in fines for fraudulent practices, as filed by the Commodity Futures Trading Commission (CFTC). According to the agency, this marks the first time that CFTC has made an anti-fraud enforcement action involving bitcoin. Yesterdays CTFC press release states that Gelfman Blueprint Inc. Continued
The post Bitcoin Ponzi Scheme Founder Slapped with $2.5 Million Fine appeared first on CCN
Russian lawmakers in the State Duma have removed a definition of cryptocurrency mining from the draft law On Digital Financial Assets
Its been weeks since ether has seen a new high or a new low and
the market has found itself range-bound. At the moment, we are
seeing signs of distribution as large rounds of selling have
remained present during key support tests:
Figure 1: ETHUSD, 4 Hour Candles, Trading
So far, for the last few weeks, ether has seen a trend of higher lows and low highs (the converging red trendlines). The three arrows shown above display the presence of heavy selling pressure (supply) and, so far, the market has failed to garner enough buying pressure (demand) to bring the price level back above the AR level shown above and buying pressure seems to be waning. The lower boundary of the trading range (the dark blue line) has proven to be strong support and the last weeks trend has seen relatively higher highs and higher lows. However, some key levels need to be monitored.
The high volatility and the high volume associated with the volatility is showing signs that the trading range might be in distribution. However, its still fairly early in this trading ranges life cycle and its entire possible this most recent strong round of selling is a test of demand.
Figure 2: ETHUSD, 4 Hour Candles, Strong Retest
After the Sign of Weakness (SOW) last week, the market saw a
retest of the trading range support and it had a very strong
reaction to the test (shown in pink). A high volume reaction to a
support retest is typically a sign that we may see the top of the
trading range to further test the supply of the market. Whether
this trading range reveals itself to be a distribution or an
accumulation, its entirely possible we will see a test of the
preliminary supply (PSY) level in the $230 prices. Often with
trading ranges (whether accumulation or distribution) we see
multiple supply and demand tests of the top and bottom of the
range. Since we had a strong buying reaction to our retest, it
makes sense that we will see the upper boundary of the range to
test not only the market demand but the presence of supply.
Figure 3: ETHUSD, Daily Candles, Macr...
The U.S. Securities and Exchange Commission (SEC) has announced the launch of the Strategic Hub for Innovation and Financial Technology (FinHub) to promote public engagement on fintech-related issues and initiatives, including blockchain technology and cryptocurrencies.
FinHub, which replaces several internal working groups at the SEC, includes other areas involving the financial markets sector, including automated investment advice, digital marketplace financing, and artificial intelligence and machine learning.
Acting as a portal for industry and the public, FinHub will publicize information regarding the agencys initiatives and create a forum focusing on blockchain and digital assets, according to a press release.
To be led by Valerie A. Szczepanik, senior advisor for digital assets and innovation and associate director in the SECs division of corporation finance, FinHub will also serve as liaison to other domestic and international regulators regarding cryptocurrencies and other issues, according to the entity chaired by Jay Clayton.
The SEC is committed to working with investors and market participants on new approaches to capital formation, market structure, and financial services, with an eye toward enhancing, and in no way reducing, investor protection, he added. The FinHub provides a central point of focus for our efforts to monitor and engage on innovations in the securities markets that hold promise, but which also require a flexible, prompt regulatory response to execute our mission.
The new SEC portal, FinHub, was established in connection with the issuance of DAO Report on July 25, 2017. The document defined ICO tokens as securities, which caused great concern for many players in the crypto space as they prepared to launch their own initial coin offerings. The SEC has also made it clear that the token sales during the ICOs dont qualify as crowdfunding.
SEC staff across the agency have been engaged for some time in efforts to understand emerging technologies, communicate the agencys stance on new issues, and facilitate beneficial innovations in the securities industry. By launching FinHub, we hope to provide a clear path for entrepreneurs, developers, and their advisers to engage with SEC staff, see...
If youre ever so unfortunate as to become the victim of a bitcoin theft, theres very little chance that you will ever see your cryptocurrency assets again. For this reason, security experts have suggested that only a fraction of these cases ever get reported, as victims believe they are not likely to retrieve stolen cryptocurrency. Continued
The post If Your Bitcoin is Stolen, Theres Only a 20% Chance Youll Ever Get it Back appeared first on CCN
The battle for privacy is ramping up. Every day, in the cryptocurrency space, we learn of increased blockchain surveillance, countered by the efforts of privacy protocol developers. Weve got stories from both sides of the divide in this episode of The Daily, plus a bitcoin mansion thats up for sale.
Trading volume in the cryptocurrency markets has been low of late, with BTC, as the market leader, particularly exposed. One analyst, whos been studying bitcoins trade volume all the way back to 2012, has observed that the intraday range for the past two months ranks in the bottom decile. Its now the fourth longest consecutive period where volume has been this low, he ...
The Financial Action Task Force has introduced changes to its anti-money laundering and terrorism financing rules covering digital currency-related firms
North Korean cybercrime hacking group The Lazarus Group is
currently the biggest crypto hacking syndicate in the world, having
stolen millions worth of cryptocurrencies from online exchanges.
Also known as
HIDDEN COBRA, which works at the behest of the North Korean
government, the Lazarus Group has been responsible for some of the
world's largest cyber attacks including the Sony
hack in 2014, the
Wannacry ransomware outbreak,
military espionage and a number of attacks on South Korean
In a report acquired by news outlet HardFork, cybersecurity outfit Group-IB outlines trends in hi-tech cybercrime, detailing 14 different attacks on cryptocurrency exchanges since January 2017. It suggests that Lazarus has been responsible for the disappearance of over $571 million in cryptocurrency.
This data appears to confirm accusations made by a member of South Koreas parliamentary intelligence committee that the North Korean government has stolen cryptocurrency worth billions of won last year from South Korean exchanges.
Hackers who target cryptocurrency exchanges favor traditional methods and tools such as spear phishing, social engineering and malware. According to the cybersecurity group, hackers were able to steal 10 percent of the total funds raised by initial coin offering (ICO) platforms over the past year and a half, with 50 percent of the funds lost to phishers....
The global entity responsible for setting international money laundering guidelines is finally ready to lay the foundation for its first crypto-specific set of rules by June 2018.
Paris, France-based money laundering watchdog, Financial Action Task Force (FATF), has seen increasing pressure from global governments to unify regulation of the cryptocurrency industry under its wing. This is rather than continue down the path of allowing countries to define their own approach and create fragmentation across the market.
Now, according to Reuters, FATF is preparing to establish the first set of guiding principles for the emerging asset class, to be ready for June of next year.
By June, we will issue additional instructions on the standards and how we expect them to be enforced, explained Marshall Billingslea, FATF president Marshall Billingslea.
Billingslea, who also serves as the assistant secretary for terrorist financing in the U.S. Department of Treasury, added that participating countries will be heavily scrutinized for how they implement the regulatory guidelines set forth by FATF.
He suggested that any countries not adhering to the rules could see their access to the global financial market restricted, and be added to a FATF blacklist.
FATF will require cryptocurrency exchanges and crypto wallet firms across the globe to become licensed and regulated in an attempt to thwart attempts to launder money using cryptocurrencies like Bitcoin and Monero. Initial coin offerings (ICOs) will be subject to the same governing policies FATF sets forth.
While concerns across the globe surrounding criminal efforts to launder money through cryptocurrencies are mounting, there are conflicting reports on how severe an issue cryptocurrency money laundering really is.
Data security company CipherTrade released a report in July expecting cryptocurrency money laundering to explod...
Even though blockchain technology has all sorts of security applications, one thing is for sure: cryptocurrency exchanges are vulnerable to cybersecurity attacks, and hackers have exploited these flaws for massive gains. However, no hacker crew has been quite as successful as the infamous North Korean group of hackers, dubbed Lazarus, which is responsible for the Continued
The post $571 Million: Notorious North Korean Hacker Group Has Stolen a Fortune in Cryptocurrency appeared first on CCN
Report: hacker group Lazarus, reportedly funded by North Korea, has stolen a staggering $571 million in crypto since early 2017
Some analysts believe that the calm in the markets is about to end. Do the charts point to a potential breakout or a breakdown? Lets find out
When Bitcoins history is written, the following events will command a chapter apiece. Bitcoin is a creeping revolution that does not lend itself to listicles, and thus any such attempt is destined to fall short. What follows, therefore, is a potted history of a transformative technology whose greatest moments have yet to come. In chronological order, these are the days that shook Bitcoin to its core.
One of the most significant days in Bitcoin happened before most people had even heard of it. Dec. 12, 2010 didnt startle the community at the time, but the date would go down as the most pivotal since the mining of the genesis block. Thats the day when Satoshi Nakamoto composed his final Bitcointalk post and then...
The CEO of the Russian state-owned financial service provider Sberbank has stated that cryptocurrency and blockchain technology will fundamentally transform business and finance. That said, Herman Gref is looking at a time span of decades rather than months or years.
According to a report in local news, the CEO of Sberbank thinks that cryptocurrencies and blockchain technology have the power to radically transform society.
Gref was speaking about the financial innovations at fintech conference, the Finopolis Forum, yesterday. The event is being held by the Bank of Russia in Sochi. It ran from Wednesday to Friday of this week.
However, the changes Gref envisions are not to be expected soon. The banker went on to state that digital currencies would take at least 10 years to become widespread enough to challenge the current status quo. Gref holds that national governments will try to desperately cling on to existing financial services for as long as possible:
its not likely that any state is ready to part with the centralised money supply model.
The state-owned bank executive is more optimistic about blockchain technology. He feels that the true implications of distributed ledgers will make themselves known in around three to five years:
The technology is not ready now. When will it be ready? In my opinion, three to five years. If you ask me in five years, maybe I can say something more distinct about its place, but the potential is huge.
Gref also stated that the hype-stifling bear market of 2018 has allowed for a balanced consideration and evaluation of this technology. The experiments that are ongoing in the space will lay the groundwork for the sweeping changes envisioned.
Finally, Gref addressed regulations. To him, any outright bans on cryptocurrencies risk stifling the innovative potential of the space. The technology needs to quietly develop and can do so better now that much of the speculation has died down.
Although perhaps not what everyone wants to hear in terms of time frame, Grefs outlook on cryptocurrencies seems refreshingly grounded. It stands as contrast to the...
Yesterday, various news websites including The Next Web reported that Elon Musks Boring Company was accepting bitcoin as a form of payment for its famous flamethrowers. However, it has now been revealed also by TNW that it is a fake website created by a scammer and that the real Boring Company is not accepting cryptocurrency. Continued
The post Fake News: Elon Musks Flamethrower Company isnt Accepting Bitcoin appeared first on CCN
This is a paid sponsorship by: - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Good evening, Im still reporting on: US Treasury Leakers Had Ties With Mueller Mob, 2413 Synopsis: According to the Gateway Pundit, Tuesdays indictment of Treasury Dept. officials who leaked secret banking records of former Trump campaign manager, Paul Manafort, to news media are tied to corrupt Mueller attorney Andrew Weissmann. Forty-year old Natalie Edwards, the senior advisor in the Treasury Departments Financial Crimes Enforcement Network or FinCEN - leaked FinCEN documents to Jason Leopold, a reporter for BuzzFeed. Shockingly, it goes still higher. Named as a co-conspirator with Edwards is an unnamed person only identified as one of the six Associate Directors of FinCEN. However, according to investigative reporter Sean Davis put it in a tweet: Mueller attorney Andrew Weissmann was THE MAN who deliberately destroyed thousands of Arthur Anderson jobs in the early 2,000s when essentially put the company out of business by over-reaching in court. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Patriot Charger - Patriot Charger.com, 1-866-566-8930 -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential re...
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Cryptocurrency investors have another way to access capital without having to liquidate their portfolios. SALT Lending, which has issued more than $50 million in blockchain-backed loans, is capitalizing on the liquidity in dogecoin and has begun offering loans in USD collateralized by longtime crypto darling DOGE. Dogecoins profile has been on the rise in recent Continued
The post Such Borrow, Many Loan: Crypto Lender SALT Now Takes Dogecoin as Collateral appeared first on CCN
A recent report from Ernst & Young found that nearly a third of all cryptocurrencies that have been financed through online fundraisers, like initial coin offerings (ICOs), have lost almost all their value, while the vast majority of them are currently trading below their listing price.
The report, which was first published today, gathered its data from 141 cryptocurrency projects that issued their tokens through ICOs in 2017. It found that the 2018 cryptocurrency crash has significantly affected both ICO tokens and previously established cryptocurrencies.
The report notes that of the projects that were analyzed, 86% have fallen below their listing prices on the aggregated markets. This signals that despite many of 2017s projects seeing significant gains towards the end of the year, they have not been impervious to the bear market.
In 2017, the cryptocurrency markets saw an unprecedented rise, led by Bitcoin, whose price rose from just over $700 in January of 2017, to highs of nearly $20,000 in December of the same year. This price rise generated a frenzy that swept through the entire markets, with investors throwing money at any crypto-related project that asked for it.
This frenzy was proceeded by a market crash and continuous bear market, where Bitcoins price fell from its December highs to its year-to-date lows of under $6,000. It is currently trading just off its low at $6,470.
Many of these cryptocurrency projects that were hyped by the markets and took significant amounts of investors money have since faltered, with the report claiming that 71% of 2017s ICO projects still lacking a functional product.
Paul Brody, global innovation leader for blockchain technology at Ernst & Young spoke about the aforementioned statistics in a recent interview, saying that the state of the ICO market looks worse than we thought.
In addition to the majority of ICOs not showing any signs of having a promising future for investors, many of them have devalued their own tokens by accepting fiat currency for their services, which negates the value and need of the tokens they sold to investors....
In theory, traders can redeem USDT for dollars with the issuer, Tether Ltd. Instead, they appear to be cashing out through Kraken.
The bitcoin-to-dollar exchange rate started losing its grip on the sideways action, slipping almost a percent this Friday. The pair broke below 6400-fiat, the psychological support level of the previous trend, to establish new intraday lows towards 6356-fiat. The downside action appeared after bulls began to feel weak near the giant descending trendline formation that Continued
The post Bitcoin Price Intraday Analysis: BTC/USD in Pullback Action appeared first on CCN
Theres a new bitcoin cash wallet under construction called Qart, a light client that provides the ability to create human-recognizable QR codes using any image. The wallet is currently available for Android devices in its beta phase, but users can experiment with the application before the official launch.
The famous Bitcoin proponent and billionaire investor Mike Novogratz has criticised the stable-coin U.S. Dollar Tether (USDT) for failing to provide a trustworthy service for users.
The Galaxy Digital Holdings Ltd. founder also responded to Nouriel Roubinis scathing attacks on cryptocurrency last week.
Novogratz stated in an interview that the stable-coin U.S. Dollar Tether has only itself to blame for users losing confidence in it.
The tool that is largely used by cryptocurrency traders looking to exit markets in anticipation of price declines recently lost its peg to the dollar value. It has traded for most of the week between 92c and 97c. However, on some exchanges, the supposedly stable coin reached as low as 85c.
U.S. Dollar Tether has spent much of its history shrouded in mystery. Although it has strong links to exchange platform Bitfinex, little is known about the companys banking relationships. According to Bitfinex, Tether is backed with an equivalent amount of U.S. dollars in a bank somewhere in the world.
However, since the account provider is under question, there is great speculation in the cryptocurrency community that Tether is operating a fractional reserve system of sorts. Some believe that the tokens with no backing whatsoever are being used to prop up the price of Bitcoin and other digital assets.
Novogratz spoke to Bloomberg about the rapidly diminishing market capitalisation of Tether at a conference in Frankfurt on Wednesday. He stated that it was the fault of those behind Tether that traders had lost confidence:
I think Tether didnt do a great job in terms of creating transparency.
The billionaire investor went on to state that he would prefer to see more people to switch to using the fully audited Gemini Dollar, launched by the Winklevoss-owned exchange platform of the same name. He cited the fact that Gemini make no secret of their banking relationships and that the funds backing their own sta...
Crypto markets are seeing minor losses across the board, as low volatility and low price momentum continue
Ethereum's next upgrade, Constantinople, has been delayed until next year.
Singapore-based cryptocurrency exchange Huobi Global today introduced an all-in-one stablecoin program called HUSD, which will allow traders to convert between four USD-pegged cryptocurrency tokens. HUSD: Huobis All-in-One Stablecoin Solution According to the announcement, the HUSD solution aims to reduce the need to choose between multiple stablecoins, as well as to cut down transaction costs incurred Continued
The post One [Stable]coin to Rule Them All? Huobis New Program Lets Users Swap Between Tokens appeared first on CCN
A New York federal court has ordered Gelfman Blueprint, a Bitcoin-denominated hedge fund, and its CEO Nicholas Gelfman to pay over $2.5 million in civil monetary penalties and restitution in the first Bitcoin fraud action filed by the Commodity Futures Trading Commission (CFTC).
CFTCs first anti-fraud enforcement action involving Bitcoin found that Gelfman and its firm operated a Bitcoin Ponzi scheme from 2014 to January 2016, according to a press release.
The fraud was able to solicit over $600,000 from at least 80 customers. The customers funds were supposed to be placed in a pooled commodity fund using a high-frequency, algorithmic trading strategy called Jigsaw, which turned out to be fake.
All performance reports were false, according to the CFTC, and payouts to GBI customers consisted of other customers misappropriated funds. James McDonald, the CFTCs director of enforcement, promised to continue to enforce the law in the cryptocurrency arena.
This case marks yet another victory for the Commission in the virtual currency enforcement arena. As this string of cases shows, the CFTC is determined to identify bad actors in these virtual currency markets and hold them accountable. Im grateful to the members of Enforcements Virtual Currency Task Force for their tireless work on these matters.
Law enforcement found that the defendants real trading account records revealed only infrequent and unprofitable trading. Gelfman tried to conceal the Ponzi scheme by staging a fake computer hack that supposedly caused the loss of nearly all funds.
Gelfman and his firm are now ordered to pay, respectively, $492,064.53 and $554,734.48 in restitution to customers and $177,501 and $1,854,000 in civil monetary penalties, amounting to over $2.5 million. Moreover, the defendant is now banned from trading in the United States for life.
The agency cautioned that orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or assets. The CFTC said it will continue to fight vigorously for the protection of...
Herman Gref, CEO of Russias Sberbank, says governments arent likely to allow decentralized crypto to flourish anytime soon, but pushes blockchain dev
The cryptocurrency market posted a minor decline on Friday, with bitcoin and most other large-cap assets shedding about one to two percent of their previous-day valuations. Ethereum token BAT, however, managed to resist the markets gravitational pull and post a major single-day rally. Ethereum Token BAT Hits Two-Month High BAT short for Basic Attention Continued
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More than a dozen lawsuits targeting Bitconnect have been merged into a single case, following the submission of an Amended Consolidated Class Action Complaint on Thursday. The newly combined complaint has been filed with the U.S. District Court for the Southern District of Florida.
The consolidated complaint...
Crypto and blockchain-related merger and acquisition deals have surged by over 200 percent in 2018, according to data compiled by JMP Securities
Five days since losing its U.S. dollar peg, fiat-backed cryptocurrency tether (USDT) continues to trade at a discount to its supposed $1.00 valuation. Defenders have largely chalked up the markdown to FUD, arguing that supporters of other stablecoins are launching a coordinated assault on tether, which has long dominated this market niche. However, billionaire investor Continued
The post Lack of Transparency to Blame for Tethers Loss of USD Peg: Novogratz appeared first on CCN
Frustrated by errors and mistakes when youre using artificial intelligence? This blockchain-based startup thinks it has the answer #SPONSORED
The Armenian Prime Minister attended the opening ceremony of a controversial crypto mining farm touting itself as one of the worlds largest
The U.S. Securities and Exchange Commission (SEC) announced today the launch of a New Strategic Hub for Innovation and Financial Technology. In a surprising move, the project dubbed FinHub allows blockchain innovators and initial coin offering (ICO) operators, among other fintech stakeholders, to speak with the SEC directly on rules and market integrity. As the Continued
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U.S. jewelry retailer Marks Jewelers has started accepting payments in cryptocurrency, including bitcoin cash. Shoppers can now pay for luxury goods such as fine diamonds, watches and engagement rings using BCH and seven other digital currencies.
In addition to BCH, the company is now accepting payments in cryptocurrencies such as bitcoin and ether. This will allow us to make our fine jewelry available to the global market while paying lower fees and avoiding chargebacks, Joshua Rubin, director of marketing at Marks Jewelers, said in an online statement....
Global money-laundering watchdog, the Financial Action Task Force, has said it will draw up rules for cryptocurrency regulation by next summer.
Nordea Bank, the largest financial group in the Nordic countries, which banned Bitcoin in January, has been caught in a major money laundering scandal for allegedly receiving dirty money from two banks in the Baltics. Yle, a state-owned publication in Finland with over 3,500 employees, reported that finance authorities in Sweden received a report with Continued
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If you are mining Merit (Cuckoo Cycle Edgebit 26), Bitcash (Cuckoo Cycle Edgebit 27) or SUQA (X22i) on AMD or Nvidia GPUs you might want to check the just released update for the zjazz CUDA and OpenCL 1.2 closed source miner and start using it or just upgrade if using older version. Both the AMD and the Nvidia versions (separate downloads) of the zjazz 1.2 miner come with stratum connection stability improved (should help efficiency on all supported algorithms), but AMD users also get some optimizations added to X22i algorithm or with other words some additional performance increase should be noticeable.
The Cuckoo Cycle algorithm used by MRT and BITC is CPU intensive and the zjazz miner provides multiple options to reduce the CPU load if you are mining on a GPU mining rig with a slower processor that is having trouble coping up, so make sure you check these out. Do note that the zjazz miner is a closed source software available as binary releases for both Windows and Linux and comes with a built-in development fee of 2%.
North Korea's infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates.
Increasing tensions in China-US trade relations may portend tougher times ahead for Chinese bitcoin mining hardware maker Bitmain, with shipments to one of its major overseas markets facing new tariffs since August 23. The South China Morning Post reports that Bitmain is seen by analysts as the cryptocurrency mining hardware firm with the most potential exposure to Continued
The post Trumps Tariffs are Putting the Pinch on Bitcoin Mining Giant Bitmain appeared first on CCN
Huobi claims users can manage multiple USD-backed stablecoins with their stablecoin solution, HUSD
Sia has released the formal code for an imminent hard fork that will block cryptocurrency mining firms like Bitmain from its blockchain network.
Taiwan Semiconductor Manufacturing Company (TSMC), the worlds largest independent semiconductor foundry, predicted that its fourth-quarter revenue would increase by only a couple percentage points, forecasting revenues of 9.35 billion to 9.45 billion. Its 2017 fourth-quarter revenue was 9.2 billion. Weakening Crypto Demand TSMC, based in Hsinchu, Taiwan, is not only the worlds largest semiconductor foundry, Continued
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The United States Marshals Service (USMS) has announced an auction of 660 BTC that is scheduled to take place on Nov. 4. Under the auction rules, interested participants must formally identify themselves to the USMS and submit deposits of $200,000.
Venezuelan residents see fresh sales pitch for state-run crypto Petro from president Maduro as he announces new bonus plan
Plans for worldwide growth are on track for cryptocurrency wallet startup Cobo after it managed to raise US$13 million in a Series A round. The cryptocurrency wallet startup, which is based in Beijing, China, has set its sights on expanding in the United States as well as in Southeast Asia particularly Indonesia and Vietnam. The Continued
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Bitcoin so far has been able to find support above the so-called bottom area below $6,000. But it is not enough to beat the long-term bearish bias, according to a famous cryptocurrency analyst.
Crypto Thoreau, in one of its latest tweets, predicted that Bitcoin price is in for a drop towards $3,500. The analyst backed his prediction by a historical price action between early-2014 and mid-2015 in which Bitcoin price can be seen dropping 83.39 percent after forming 626 bars on the daily chart. The pattern, which looks identical to the one building these days, indicates a similar downside run after a breakdown action of 626 bars in 626 days, eventually to a point where Bitcoin will establish a nearly 83 percent drop to $3,500 by mid-2019.
It is, of course, theory and even Crypto Thoreau admits that. The fundamental dynamics between the two timelines are poles apart. 2014 and 2015 was the year of constant switching between hypes and FUD. 2014, in particular, saw the demise of the then worlds largest crypto exchange Mt. Gox. The same year also used to witness volatile price movement owing to news as simple as merchant adoption. The sentimental trading followed suit in the next year too, with price reacting majorly to fundamental changes in the news space.
Compared to those times, Bitcoin today is less volatile to mainstream news coverages and looks more stable as confirmed by the increasing institutional investments into its space. The news of a Yale endowment adding two cryptocurrency funds to its portfolio didnt cause a $1,000-jump, nor bad comments from a renowned economist before the US Congress could crash the price to fresh lows. $6,000, the psychological support to many Bitcoin bulls, also stands tall due to its ability to withhold downtrends on multiple occasions this year.
Tethers transparency shortcomings highlighted by investor and crypto bull Michael Novogratz
Bitcoin price is back to square one below $6,450 against the US Dollar. BTC/USD is now at a risk of more losses towards the $6,285 support.
After three failed attempts to break the $6,485-6,490 resistance, bitcoin price declined against the US Dollar. The BTC/USD pair faced a lot of selling pressure as it declined below the $6,450 support. During the slide, the price broke the 61.8% Fib retracement level of the last wave from the $6,151 low to $6,823 high. Besides, there was a break below the $6,400 support and the 100 hourly simple moving average.
More importantly, yesterdays highlighted key bullish trend line was broken with support at $6,435 on the hourly chart of the BTC/USD pair. The pair traded towards the $6,350 level and it is currently consolidating losses. The next support is around the $6,310 level. It represents the 76.4% Fib retracement level of the last wave from the $6,151 low to $6,823 high. Below this, the price will most likely drop towards the main support at $6,285 (the previous resistance). Any further losses will most likely put sellers in control for a push towards $6,110.
Looking at the chart, bitcoin price is currently in a bearish zone below $6,450 and the 100 hourly SMA. To bounce back, the price must break the $6,450 and $6,485 resistance levels. If not, there is a significant risk of further slides towards the $6,285 support in the near term.
Singapore-based cryptocurrency exchange Huobi has just launched a solution that enables users to switch between different stablecoins.
A meeting place that could have been about a common peer-to-peer Bitcoin trade turned into a scene of a brutal killing.
A 24-year old Norwegian man was reportedly stabbed to death in his Majorstuen apartment shortly after completing a cash-to-Bitcoin trade with his alleged killer. The local police believe there was a large pile of Krone kept in the studio that could have been the motivation behind the gruesome killing. And then, a tip revealing that the victim was a cryptocurrency trader has determined police to investigate more angles, which it refused to share with media.
We are familiar with a tip about Bitcoin, but at this time we will not provide more information about the investigation, said Lien Metlid, Head of Common Unit for Intelligence and Investigations in Oslo Police. We investigate widely in every way. Economic motives are one of the reasons to which we are open.
The victim, according to one of his roommates, had siphoned off over $120,000 worth of NOK from his Bitcoin investments. He was planning to sell some of his Bitcoin holdings to purchase an apartment, the details of which he had shared with the friends in his circle. Per the report, the suspect must have reached out to the victim in the context of conducting a p2p bitcoin trade after gaining knowledge about the cash in the victims apartment.
The Oslo police did not find any cash in the house during their search. They, with the help of their forensic and surveillance experts, have mapped the Majorstuen area to examine all possible movements on the day of the killing.
No arrests have been made yet.
The gruesome incident has once again raised the reason for debate of whether confidentiality in finance is essential. Thousands of people around the world are immersed in p2p transactions in the absence of adequate regulatory frameworks. Marijuana businesses in the US still rely on cash transactions because banks refuse to work with them citing a federal roadblock. Similarly, in the world of cryptocurrencies, people are forced to meet face to face to sell or purchase irreversible crypto-assets, without an escrow, while working in a grey area of law.
A peer-to-peer transacti...
Many of you have probably questioned the usefulness of blockchain in general and Ethereum in particular. Some of you may have gone further in your curiosity and came across numerous fancy characteristics, such as decentralization, transparency, trust without intermediaries, and hack resistance. Thats remarkable, isnt it? It sure is, but In its current state, blockchain Continued
The post Guest Spot: Insights into Ethereum Smart Contract Development appeared first on CCN
Cardano price moved into a short term bearish zone against the US Dollar and Bitcoin. ADA/USD could drop to $0.0720 before buyers take a stand.
There were a couple of rejections noted around the $0.0810 and $0.0800 resistances in cardano price against the US Dollar. The ADA/USD pair failed to settle above $0.0800, resulting in a bearish reaction. The price declined and broke the $0.0790 support level and the 100 hourly simple moving average. It opened the doors for more gains and the price settled below the $0.0800 level.
During the decline, there was a break below a connecting bullish trend line at $0.0792. Moreover, the price broke the 50% Fibonacci retracement level of the last wave from the $0.0701 low to $0.0847 high. The price traded towards the $0.0750 level, which acted as a support. However, the price remains at a risk of more losses below $0.0750. Once there is a break below the 61.8% Fibonacci retracement level of the last wave from the $0.0701 low to $0.0847 high, the price could extend declines. The next major support is at $0.0735, followed by the $0.0720 buy zone. On the upside, there is a key bearish trend line formed with resistance at $0.0790 on the hourly chart of the ADA/USD pair.
The chart indicates that ADA price is likely to decline further in the short term as long as it is below $0.0800. Above $0.0800, the price may climb to $0.0840 or $0.0850.
Taiwanese chip-making giant TSMC has forecast that revenue growth will be impacted by weakness in cryptocurrency mining demand in Q4.
The Bill & Melinda Gates Foundation is teaming up with San Francisco, California-based blockchain firm Coil with a view of enhancing financial access for the unbanked and underprivileged communities. Initially announced by the principal technologist and a deputy director at Bill & Melinda Gates Foundation, Miller Abel, the development was later confirmed by the blockchain Continued
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Even in the thick of 2018s crypto bear market, a related subsector has seen an unprecedented boom, with institutions throwing millions of dollars at a well-recognized over-the-counter (OTC) player in the cryptocurrency market.
Per a brief report from New York-based Genesis Global Capital, titled 2018 Q3 Digital Asset Lending Snapshot, at the start of March 2018, the firm launched the crypto industrys first-ever institutional lending business to go hand-in-hand with Genesis already-established OTC desk.
Although the venture was nothing more than an experimental stab at a potentially revolutionary service, in the same report, the American company revealed that its clients quickly gained interest in crypto asset loans. Elaborating, Genesis Capital wrote:
Over the past year, through client feedback and the rise of derivative marketplaces, we saw a meaningful increase in the number of market participants wanting to borrow and/or lend digital currencies. We built this new business segment to meet those demands and have experienced an incredibly strong reception since our launch.
This incredibly strong reception has seemingly taken the form of 60+ institutional counterparties, who have requested for cryptocurrency loans across nearly a dozen digital assets in the past six months. According to statistics from the firm itself, these loans amounted to a monetary value of $553 million, a jaw-dropping sum to say the least.
The firm added that while many of its institutional debtors have already paid their loans in full, there is still $130 million worth of active loans, which is a figure that has only grown of the course of the lending services short, but fruitful lifetime. This indicates that the bears of todays market havent deterred these investors one bit, contrary to popular belief.
In fact, as alluded to in the official report, 2018s tumbling crypto prices may have only enticed Genesis Globals clients, which primarily consist of hedge funds, trading funds, and crypto star...
Ripple price moved lower from range highs against the US Dollar and Bitcoin. XRP/USD may continue to move down towards the $0.4350 support in the near term.
There were 2-3 attempts to surpass the $0.4700 and $0.4750 resistances by Ripple price against the US Dollar. The XRP/USD pair failed to gain momentum above $0.4700 and started a downside move. The price declined and broke the $0.4600 support level. There was even a break below the 50% Fib retracement level of the upward move from the $0.4235 low to $0.4750 swing high.
More importantly, there was a break below an ascending triangle pattern with support at $0.4630 on the hourly chart of the XRP/USD pair. The price spiked towards the $0.4400 support and tested the 100 hourly simple moving average. Besides, the 61.8% Fib retracement level of the upward move from the $0.4235 low to $0.4750 swing high acted as a support. The price is currently trading above the $0.4450 level and the 100 hourly SMA. However, the price remains at a risk of more losses and it could test the $0.4400 support in the near term. Below $0.4400, the next key support is at $0.4350.
Looking at the chart, ripple price moved into a short term bearish zone below $0.4600. However, dips remain supported and the price could bounce back above $0.4650 once the current correction is complete.
Looking at the technical indicators:...
Who says you cant have a stablecoin backed by Ether and pegged to the Japanese Yen?
Over the past 48 hours, the volume of Bitcoin (BTC) has fell substantially from over $5 billion to $3.8 billion, and is quickly moving to its yearly low. On CoinCap.io, ShapeShifts official cryptocurrency market data provider, the volume of Bitcoin remains at around $2.54 billion. If the volume of BTC drops by around 15 percent
The post Bitcoin Volume Approaches Yearly Low Again as Market Deletes $6 Billion appeared first on CCN
Ethereum price is back in a bearish zone against the US Dollar and bitcoin. ETH/USD may continue to move down towards the $196 and $190 supports.
Recently, ETH price struggled to gain momentum above the $206 and $208 levels against the US Dollar. The ETH/USD pair started a fresh downside move and traded below the $206 and $205 support levels. During the decline, there was a break below the 61.8% Fib retracement level of the last wave from the $189 low to $220 high. Besides, the price traded below the $200 support and the 100 hourly simple moving average.
More importantly, there was a break below a major bullish trend line with support at $204 on the hourly chart of ETH/USD. The pair tested the 76.4% Fib retracement level of the last wave from the $189 low to $220 high. It tested the $196-197 zone and recovered a few points. However, there are many hurdles on the upside near the $202 level and the 100 hourly SMA. If the price breaks the 100 hourly SMA, it could face sellers near the $205-206 zone. To move into a bullish zone, the price needs to climb above the $206 level in the near term.
Looking at the chart, ETH price is currently under a lot of pressure below $202 and the 100 hourly SMA. If there is a fresh decline, the price may break the $196 low to trade towards the $190 level.
Hourly MACD The MACD is slowly moving in the bullish zone....
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.
The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and are experiencing a boom, driven by developing markets, including Africa.
The lassitude continues as we end another week in crypto land. No momentum has come from anywhere despite several positive news developments for a number of crypto projects. Total market capitalization has dropped back below $210 billion as cryptos sink into the weekend.
Playing the digital piper is Bitcoin, falling back a percentage point on the day to $6,480. Technical gurus are calling a descending triangle and failure to break resistance so further losses could be imminent. Ethereum is the same, falling back another 2% today to take it to $203, a very low level.
The altcoins are mostly red at the moment, with very tiny gains for a handful of them. The top ten is all red with the exception of Tether which is still trying to claw its way back to a dollar. Leading the losses are XRP, Bitcoin Cash and Cardano all falling over 3% during the mornings Asian trading session. The rest are between 1-3 percent down.
The top twenty is equally as bleak with Iota dropping the most at 4.3% back to $0.495. Dash, Tezos and VeChain are all down just over 3% and the rest not far behind.
Todays big pump is Polymath which has surged 20% at the moment on a new partnership with Netcoins to provide crypto OTC services for security token issuers. tZero has also issued its first security token which has revived interest in POLY. Aelf is also doing well with a 15% pump right now.
Taking a hit is PIVX which pumped yesterday. The dump was predictable and it is leading the red half of the top one hundred dropping 11% on the day. Metaverse ETP is also sliding over 8% at the time of writing.
There has been another decline in total crypto market capitalization. Today it is down almost 2% to $208 billion. Trade volume hasnt changed from $11 billion and the sideways channel is still intact with very few signs of a breakout. Good news is having no effect w...
Bitcoin Price Key Highlights
Bitcoin price seems to be having trouble sustaining its earlier climb as the top of the descending triangle is holding as resistance.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA on this time frame, confirming that the path of least resistance is to the downside. In other words, resistance is more likely to hold than to break. These moving averages also coincide with the triangle top to add to its strength as a ceiling.
Stochastic is on the move down so bitcoin price could follow suit while selling pressure is present. This oscillator has some room to go before reaching oversold levels, which means that sellers could stay in control for a bit longer. RSI is also heading south and has plenty of room to cover before reaching oversold territory as well.
The spike higher in bitcoin is seen to be a result of the selloff in Tether as doubts are emerging on its stability and the financial health of Bitfinex. However, traders quickly booked profits as most of the move was also spurred by FOMO or fear of missing out.
Still, theres enough reason to expect a longer-term rally to materialize as institutional funds could flow in by early next year. Fidelity Investments has unveiled its institutional platform for bitcoin and ethereum, making it available to more hedge funds and financial institutions. Goldman Sachs has also reportedly invested in BitGo in order to make cryptocurrencies more accessible to its clients.
The escalating U.S. China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent.
In June, the Office of the United States Trade Representative reclassified Bitmains Antminer S9 as an electrical machinery apparatus, rather than a data processing machine, subjecting it to a 2.6 percent tariff. But in late August, the administration of U.S. President Donald Trump followed up on that decision by imposing an additional 25 percent tariff on Chinese mining hardware, bri...
Bitcoin cash price is back in a bearish zone below $450 against the US Dollar. BCH/USD could continue to face a lot of selling interest near the $440-450 zone.
Yesterday, there was a minor upside move above the $440 level in bitcoin cash price against the US Dollar. The BCH/USD pair traded close to the $450 level, but it failed to gain momentum. A high was formed around $449 and later the price moved south. It fell below the $440 level and broke the 100 hourly simple moving average. The price extended declines and traded close to the $420 support area.
A new weekly low was formed at $423 and later the price recovered. It corrected above the 23.6% Fib retracement level of the recent decline from the $449 high to $423 low. However, there are many resistances near the $435 and $440 levels. There is also a new bearish trend line in place with resistance near $435 on the hourly chart of the BCH/USD pair. Above the trend line, the next major resistance is near $440. It also coincides with the 61.8% Fib retracement level of the recent decline from the $449 high to $423 low.
Looking at the chart, BCH price is currently in a bearish zone below $450. As long as there is no close above $440 and $450, sellers remain in charge.
Looking at the technical indicators:
Hourly MACD The MACD for BCH/USD may slow...
The Sovereign Debt Crisis in China among the provisional governments is alive and well. The off-balance sheet government liabilities in the regions amounted to an estimated 40 trillion yuan which is almost $6 trillion. Some are calling this a gigantic credit risk which is a hidden liability. This represents 60% of GDP which bypasses the debt-to-GDP ratio set by the central government on the provinces. They have created financial vehicles called LGFVs. Beijing has focused on shadow banks, regulatory loopholes, and hidden bad loans. They have curbed the shadow banking and brought the BitCoin outflow down. However, the Beijing government has only been able to reduce the credit risks associated with LGFVs marginally. The current view is that it will take China up to a decade or more to deal with the problem of LGFVs, as we enter this debt crisis cycle between 2019 and 2021, the pressure will build much sooner.
Nevertheless, we see that this debt crisis is what is holding back China short-term. The 3rd quarter GDP growth for 2018 came in well below expectations. Once this adjustment is addressed, we will still see China emerge as the Financial Capital of the World after 2032.
What are cypherpunk legend Timothy May's thoughts on the bitcoin white paper? Keep the text but throw out the hanger-ons that have came with it.
A New York federal court has ordered a trading firm and its CEO to pay over $2.5 million in penalties for operating a fraudulent BTC Ponzi scheme
The Bermudian government has licensed the first ICO in the country under a new regulatory regime introduced by the premier in July
Regardless of the politics around ZRX CoinBase listing, ADA could possible bottom up despite yesterdays losses. Overly, we maintain a bullish stand now that there has been a strong correction from 2017 highs with bears threatening to dip below ADAs all-time-lows at 6 cents.
As I type this, ZRX, an ERC-20 token of The Ox protocol is live at CoinBase. Well, the results are obvious and have been the source of anger, postulation and criticism moments after CoinBase availed ZRX for their US customers. While some of these criticisms may be valid and perhaps even be the basis of a wider investigation many should realize that the $8 billion US exchange does list coins at their own discretion. We can even argue that CoinBase is just like any other for profit exchange. Its only that it happens to be popular, hack free and has the trust of the community.
While ZRX is the first ERC-20 token and one of the five coins/tokens CoinBase was exploring, the fact that Cardano and three other coins were left out made no sense for many. Though Cardano doesnt meet some of the platforms digital framework because of its centralizationIOHK does all the mining and has no working prototype, Charles Hoskinson and the team behind Cardano are working overtime to make this project a reality.
Milestones have been hit and Project Shelly is set for Q1 2019. Unless there is project acceleration, we dont expect Cardano to be fully operational in months. However, its no secret that once it launches it will definitely clip some market share from Ethereum and EOS.
Technically, Cardano (ADA) is in consolidation and safe the occasional pumps and resistance around the 10 cents to 12 cents region, our previous Cardano price analysis is valid. This is so because not only are prices ranging inside week ending Sep 23 high lows but Oct 15 bulls could affirm the presence of buyers who have so far been successful in rejecting lower lows.
On Oct. 18, Bitcoin Cash proponents were introduced to a new do-it-yourself BCH payment processor called Gateway.cash. The software allows anyone with a bitcoin cash address to accept payments and donations in BCH by creating an embeddable payment button for any website.
Overly, there is expectation in the space. Thanks to a successful Monero hard fork, the new Segwit mean transactions would cost less. At the same time, the new confirmation from Tron about their partnership with Baidu should keep the market vibrant as bulls prepare for gains above 3 cents.
Lets have a look at these charts:
To curb money laundering or terrorist financing, most crypto exchanges and fiat-crypto processors demand users to submit personal details as part of their KYC and AML requirements.
https://t.co/LgcclYjBIb President Rob Jesudason writes that the financial system can ill afford to ignore the blockchain's benefits for tackling issues such as money laundering and #KYC. https://t.co/qFuW9IzW63
Block.one (@EOS_io) October 16, 2018
However, the President of Block One Rob Jesudason is of the opinion that the incorporation of blockchain technology will increase the effectiveness of this effort.
From the chart, its clear that prices are trading within a tight 30 cents range meaning the lack of activity cements our previous EOS price analysis. Moving forward, we expect prices to edge higher after dropping more than 80 percent from 2017 highs in line with Fibonacci retracement stipulations. As such, we expect bulls to ideally accumulate in lower time frames in readiness for a rally above $7 triggering our bulls. Like before, we retain a neutral to bullish stand before our trade conditions are met aware that declines below $4.5 deflates buyers ambitions.
Tether Limited, issuer of the dollar-pegged cryptocurrency tether (USDT), has yanked nearly a quarter of the controversial stablecoins market cap out of circulation since the beginning of October. On Wednesday, cryptocurrency exchange Bitfinex sent another 50 million USDT to the Tether Treasury, marking the sixth time this month that the company which shares a
The post Tether Has Yanked $610 Million out of Circulation this Month appeared first on CCN
Elon Musks The Boring Company is now accepting payments of various cryptocurrencies to purchase its handheld flamethrower and accessories.
The sub-heading above reads as crazy as one of Elon Musks tweets, but its entirely true. The product pages for Elon Musks The Boring Company have been updated to include cryptocurrency logo icons indicating that the likes of Bitcoin, Bitcoin Cash, Litecoin, and Ethereum are accepted as forms of payment. This is alongside more traditional means like Visa, Mastercard, AMEX, and PayPal.
The Boring Company is an infrastructure and tunnel construction company founded by eccentric and controversial serial entrepreneur Elon Musk. Among the products it sells on its website includes a flamethrower and safety accessories such as gloves, propane tank refills, and in the case of an emergency situation, a 5lb fire extinguisher.
All proceeds of the sales of the currently on-sale, $500 flamethrower, will go toward funding digging tunnels to house Musks Hyperloop transportation system.
Musk is infatuated with many means of transportation, from underground tunnels running under Los Angeles, to energy-efficient self-driving Telsa motorcars, to his ambitious Space X project that could lead to the colonization of neighboring planet Mars. Musk also began designing a miniature submarine in an attempt to save 12 Thai boys who were trapped in a cave back in July.
Musk first announced the Flamethrower via his Twitter soapbox back in December, a platform that has caused quite a stir for the Tesla and Space X founder. The quirky entrepreneur got himself into a world of trouble with the U.S. Securities and Exchange Commission (SEC) for tweeting in relation to his automobile manufacturing company Tesla.
His tweets forced Musk to have to settle with the SEC in court for $20 million in fines. The settlement also sees Musk stepping down as chairman of Tesla for three years, and includes a stipulation that all Elon Musk tweets must be reviewed and approved by a Musk-appointed lawyer....
A new report by online recruiting portal Glassdoor notes a rise in blockchain-related job opportunities over the last year
The Norwegian cryptocurrency investor who earlier this week was brutally murdered following a cash-for-bitcoin exchange was reportedly liquidating his holdings so that he could buy his own apartment. CCN reported yesterday that the 24-year-old investor had been stabbed to death in his apartment on Monday morning, sometime between 7:50 am and 12:10 pm, when one
The post Slain Bitcoin Investor Was Cashing out to Buy an Apartment appeared first on CCN
The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market.
The post Bitcoin Price Not Correlated to Futures Expiration Dates: Research appeared first on CCN
Venezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the governments website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report.
The Venezuelan government has authorized six websites it claims are cryptocurrency exchanges to market and sell the petro, the countrys new national currency. Noticiero Digital elaborated:
The petro will be available from this Wednesday, October 17, at six exchanges, although President Maduro announced previously that there would be 16 certified companies that could market the digital currency.
The six places are Cave Blockchain (caveblockchain.com), Bancar (bancarexchange.io), Cryptia (cryptiaexchange.com), Amberes Coin (amberescoin.com), Afx Trade (afx.trade), and Criptolago (criptolago.com.ve). Some of them are already advertising the petro on their websites. In his speech earlier this month, Venezuelas president Nicolas Maduro said that the petro would be available at the six most powerful [exchanges] in the world....
As the blockchain and cryptocurrency industry continues its rapid growth and widespread adoption, companies are offering experienced workers significantly higher-than-average salaries, signaling that the industry is maturing despite the current bear market and low market sentiment.
A recent report from Glassdoor found that new job positions within the blockchain industry are up 300% over a one-year period, with more than 1,700 open position as of this past August. In addition to there being a plethora of job openings, the medium salary for blockchain-related jobs is $84,884 per year, which is 61.8% higher than the medium U.S. salary of $52,461.
The Glassdoor analysis was based on a large sample of online U.S. job postings related to blockchain development or blockchain-based companies. The report also gathered data from job openings that specifically mention the terms cryptocurrency and Bitcoin.
The report notes that the majority of the blockchain-related jobs they gathered data from are specifically related to cryptocurrency projects.
While the applications of blockchain technology are diverse, most of the recent interest has focused on cryptocurrencies As more employers become interested and invest in the technology, the professionalization of the space has accelerated as well.
Although the majority of the job openings in the blockchain and cryptocurrency industry are software based, and require cyber development skills or computer science degrees, the need for non-tech-related roles is growing as well.
The second and third positions with the highest job openings are Analyst Relations Managers and Product Managers, both of which are non-technical positions. There is also a significant amount of open positions for marketing and community managers.
The report also notes that the top three major job providers in the blockchain and cryptocurrency space are ConsenSys, who has 214 openings, IBM, who also has 214 openings, and Coinbase, who has 63 job openings.
Other major job providers in the space include Oracle, Kraken, Circle, KPMG, and JPMorgan.
The amount of cryptocurrency-relat...
The U.S. Securities and Exchange Commission (SEC) has launched a
new office to engage with cryptocurrency and blockchain startups.
Called the Strategic Hub for Innovation and Financial Technology
(FinHub), the division will make it easier for fintech startups to
interact with the regulator on related issues and the legal
implications of products before they launch them.
Announced Thursday, October 18, 2018, FinHub will serve as the central point for entrepreneurs in the fintech world, especially groups focusing on new technologies such as blockchains, artificial intelligence, digital marketplace financing and more.
With the number of subpoenas being sent out by the agency and the expansion of its clampdown on blockchain startups that it claims have violated federal securities law, the FinHub can direct entrepreneurs and provide the much-needed clarity on the requirements needed to build compliant platforms and products.
Entrepreneurs and developers will be able to ask questions from the Hub as well as have access to the regulator's views and actions about the fintech space. Startups can also use the portal to request for meetings with the regulator.
The Hub will be led by Valerie A. Szczepanik, the Senior Advisor for Digital Asset and Innovation in the SEC's Division of Corporation Finance, and will be staffed with agency officials with expertise in fintech related issues.
Szczepanik said the SEC has been educating entrepreneurs for a while now but the portal will centralize the process.
SEC staff across the agency have been engaged for some time in efforts to understand emerging technologies, communicate the agency's stance on new issues, and facilitate beneficial innovations in the securities industry.
SEC Chairman Jay Clayton believes the portal will provide a "central point of focus" for the agency's "efforts to monitor and engage on innovations in the securities market."
"The SEC is committed to working with investors and market participants on new approaches to capital formation, market structure, and financial services, with an eye toward enhancing, and in no way reducing, investor protection."
The number of cases being pursued by the SEC and its sister agencies has increased over the years. Just last month, the SEC an...
The Bill and Melinda Gates foundation has partnered with Ripple and Coil to implement Ripples Interledger protocol and develop their mobile platform for the unbanked
Bear markets refine industries. Overall sentiment becomes
negative from all angles, and naysayers proclaim that crypto is
Underneath all the fear, uncertainty and doubt, though, developers are still building.
Case in point, Go-Ethereum (or geth), a command-line interface for running an Ethereum node using the Go programming language, is now the fifth fastest growing open-source project in GitHub.
The other projects above go-ethereum on the list are azure-docs
from Microsoft Azure, pytorch from Facebook, godot from the GoDot
For the uninitiated, geth is the official Go implementation of the Ethereum protocol. At the time of writing, go-ethereum has over 10,000 commits on GitHub as well as over 21,000 stars, indicating the amount of developer interest for the project in this iteration is high.
Go, commonly referred to as Golang, was developed by Google engineers Robert Griesemer, Rob Pike and Ken Thompson. Per the golang.org website, Go was born out of frustration with existing languages and environments for the work we were doing at Google.
The language enables higher productivity than languages in an era of complex processors and large computer networks. Consequently, it has been adopted by developers around the world.
Go-ethereum is by far the most active project in the Ethereum ecosystem, but there are several important projects that are not far behind. There are other client languages including eth, a C++ client and pyethapp, a python-friendly client.
Aleth, Ethereums official C++ client, and EIPs, the official Ethereum Improvement Proposal repository, are two of the most active repositories behind go-ethereum when looking at indicators like commits, forks, stars and contributors. Solidity, Ethereums smart contract programming language, is also highly active. Activity can be difficult to measure sometimes, so it is important to understand what these indicators mean.
Commits are defined as a moment when a developer saves their work at a specific point. Therefore, it can be misleading when a project is showing lots of commits, as it may just mean someone has been tediously saving their work every step of the way.
Forks, in GitHub, are copies of code made so that a...
CME Group announced its average daily volumes in the third quarter. Bitcoin futures ADV rose 41 percent to 5,053 contracts with open interest increasing by 19 percent to 2,873.
Chicago Mercantile Exchange (CME), described by The Economist as the biggest financial exchange you have never heard of, was the first large financial markets operator to roll out BTC futures contracts. The event, which took place in mid-December, was a key driver of the cryptocurrency fever of late 2017.
With 10 months of Bitcoin futures trading under the belt, CME Group has published its average daily volume report for the third quarter. In Q3, Bitcoin futures average daily volume rose 41 percent and open interest was up 19 percent over Q2 . Learn how market participants are using BTC to manage risk in changing markets, it said.
In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets. https://t.co/Yt41SzsHku pic.twitter.com/Kw4OX0QaKT
CMEGroup (@CMEGroup) October 17, 2018
Open interest for CME Bitcoin futures contracts has risen from 1,523 contracts in Q1 2018 to 2,405 contracts in Q2, before another bump to 2,873 contracts in Q3. Open interest is the total number of open or outstanding futures contracts that exist at a given time.
Average daily volume has gone from 1,854 contracts in Q1 2018 to 3,577 contracts in Q2 and then 5,053 contracts in Q3. Each contract unit is composed by five Bitcoins as defined by the CME CF Bitcoin Reference Rate (BRR). This means that the 5,053 contracts traded in Q3 were composed by 25,265 BTC, which are worth approximately $162 million in todays rate.
Investors use CME Bitcoin futures contracts to hedge Bitcoin exposure or harness its performance. Traded on the CME Globex platform, the October 2018 futures contract is pricing Bitcoin at $6,380 at the moment of writing, having hit a low $6,330 and a high at $6,480 in toda...
Elvira Nabiullina, the head of the Central Bank of the Russian Federation, claimed that investors excitement toward cryptocurrency has begun to cool. Her remarks came at the FINOPOLIS innovative financial technology forum. Cryptocurrency Fever Beginning to Disappear The famed Russian economist and former economic advisor to the Russian President Vladimir Putin represented businesses point of view
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The U.S. SEC has launched the Strategic Hub for Innovation and Financial Technology to better deal with DLT and the cryptocurrency industry
Samsung has begun a new production process for its 7nm chips, making them more energy efficient, which could reduce costs for crypto miners
Mastercard and VISA have allegedly deemed crypto and ICOs to be high risk. Is it true and, if yes, what would that mean?
The CFTC has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin.
World number two tennis professional, Caroline Wozniacki plans to issue her own digital token with celebrity blockchain platform Global Crypto Offering Exchange (GCOX).
Fans of the Danish ace will eventually be able to trade the tokens for various exclusive perks.
Tennis professional Wozniacki has become the latest sports star to sign a deal with Global Crypto Offering Exchange (GCOX).
The startup plans to issue celebrity tokens, creating a form of popularity index of those celebrities involved. Wozniacki joins football star Michael Owen and boxer Manny Pacquiao in the waiting list to be tokenised. Pop star Jason Derulo is also amongst the hopefuls.
GCOX plans to offer fans an exchange where they can swap the platforms own token (ACM) for the various celebrity tokens eventually on offer. These tokens can then be used to buy exclusive gifts directly from the celebrities. Examples given on the platforms website include: interactive sessions, pay-per-view streaming, and meet and greet sessions.
Also included will be an auction service for fans and celebrities to sell appropriate items in exchange for the celebritys personalised token.
Jeffrey Lin, CEO of the platform, spoke to Reuters about the launch of celebrity tokens:
If everything goes well, first quarter of 2019 will be the first celebrity token and it could be Michaels, it could be Mannys, I am not sure yet.
The platform will also serve as a sort of popularity index of the celebrities involved. Presumably this will be achieved by way of market capitalisation. The founders of the platform hope that by involving figures from popular culture in cryptocurrency, it will encourage more people to embrace the idea of a token economy.
However, as with the ideas of many blockchain companies, tokenisation of celebrities in the way proposed by Global Crypto Offering Exchange seems a laborious way to achieve some fairly asinine results.
To expect enough of the worlds population to want to show their appreciation of a celebrity with...
On October 6, major bitcoin exchange Bitfinex obtained banking services from HSBC with a private account held by a Hong Kong corporation. Less than two weeks after establishing HSBC as its primary bank to handle deposits and withdrawals, Bitfinex has moved to Bank of Communications, the fifth-largest bank in mainland China and Hong Kong, according
The post Bitfinex Struggles with Banks, Why Are Other Major Bitcoin Exchanges Just Fine? appeared first on CCN
Binance sees stablecoins like tether, and potentially the Gemini Dollar, as "critical for our ecosystem," the exchange's chief financial officer says.
Well-known American hacker George Hotz, also known as Geohot, has been talking extensively about cryptocurrencies lately, and more specifically about bitcoin cash. On Wednesday, Oct. 17, Hotz published a cryptocurrency programming video using bitcoin cash and showed people how to send a BCH transaction from scratch using the Python programming language.
Popular entrepreneur and hacker George Hotz, aka Geohot, has a reputation...
Last Friday, Justin Sun, the founder of the Tron cryptocurrency, published a statement that sparked discussions and speculation in the entire crypto community.
The announcement stated that Tron is working on a partnership with a tens of billions of dollars worth industry giant.
Justin Sun (@justinsuntron) October 12, 2018
While nothing else was released, the digital currency community quickly came to the conclusion that the unnamed partner was likely Baidu.
This is one of the largest companies in China, as well as one of the most popular search engines around the world. For almost an entire week, Tron supporters speculated whether or not this is true, and what possible implications might such a partnership have.
Yesterday, the rumors were finally confirmed by the Tron Foundation.
#TRON is joining forces with Internet service giant Baidu and will continue to work with large cloud service providers to offer blockchain solutions, make the technology more accessible for users and small business alike. End goal: mass adoption of #blockchain. $TRX pic.twitter.com/v39Zm7zMc4
TRON Foundation (@Tron...
recent court documents, an Amended Consolidated Class Action
Complaint has been filed at a U.S. District Court for the Southern
District of Florida against BitConnect. The new suit combines all
the lawsuits previously filed against
the now-defunct pyramid scheme.
The new class action names the law firm Silver Miller as the "Class Counsel" and BitConnect owners and promoters as defendants in the suit. Silver Miller has become famous for its efforts in handling cryptocurrency-related cases, representing aggrieved clients who have lost funds to crypto businesses and going head-to-head against companies such as Coinbase, Kraken, BitConnect and Tezos.
The consolidated lawsuit names BitConnect International PLC, BitConnect Ltd., BitConnect Public Limited, BitConnect Trading Ltd., individuals affiliated with the scheme including Senior BitConnect India promoter Divyesh Darji. It also names YouTube as a defendant, which was sued earlier this year, for allowing BitConnect promoters and affiliates to publish "over 70,000 hours of unedited content, generating 58,000,000 views," luring "thousands, if not hundreds of thousands of victims" into BitConnect's Ponzi scheme.
The new lawsuit cites over 22 legal violations including selling of unregistered securities under controlling federal law, breach of contract, fraudulent inducement and more. The suit also provides a complete overview of BitConnect and the allegations leveled against it.
The consolidated suit reads in part:
"This is a class action on behalf of a class of investors consisting of all individuals and entities who transferred to BITCONNECT any fiat currency or cryptocurrency to invest in BCC and/or the BitConnect Investment Programs(Defined Below) and who suffered financial injury as a result thereof."
BitConnect's history was short and fraught with controversies and drama. The company, which was suspected of running a ponzi scam, solicited funds from investors who lent money to...
Major global ticket sales and distribution company Ticketmaster has acquired Upgraded, a blockchain startup using DLT and smart tickets to combat fraud within the industry. Share of Controversy Ticketmaster which merged with Live Nation in 2010 to form Live Nation Entertainment is a live music behemoth that either leases, operates, or has equity
The post Ticketmaster Acquires Blockchain Startup in Bid to Combat Ticket Fraud appeared first on CCN
Braiins wants to
redefine open-source mining software.
The company behind Slush Pool recently rolled out the initial release of its ASIC miner firmware: Braiins OS. The operating system is advertised as the very first fully open-source, Linux-based system for cryptocurrency embedded devices, an alternative to the factory-default firmware that comes with most popular mining hardware.
Upon visiting the projects website, visitors are greeted with a clear message, a mantra that resonates with its related industrys ethos: Take back control.
Further down on its website, the project invites community members to [say] goodbye to backdoors, closed systems and hidden features. This promise of transparency is an implicit reference to the contrasting opacity of its biggest competitors mining software.
Bitmain advertises its software as open source. But Jan apek, CEO of Braiins, the company behind the eponymous OS and Slush Pool, explained to Bitcoin Magazine that too many features of Bitmains code are covertly closed off, making it impossible to provide a proper software image a record of the state of the mining system at a given time.
Essentially, apek indicates that a few key components are missing to make Bitmains code full open source, such as the FPGA code. Without these pieces, users cannot parse together a full image of the mining client.
The problem is that most of the people out there are not able to build a complete S9 image as it is not quite obvious that all the components are provided by Bitmain. To build a complete system you need the first stage bootloader (sometimes called SPL), u-boot, Linux kernel, Linux system (buildroot/openwrt?), FPGA bitstream (+ sources) and cgminer sources. So, there is quite more things that are to be reviewed that are still closed source and open quite a few questions, he said, For example, why is the FPGA code still closed?
Even without these closed systems, other softwares may include backdoors or hidden features a practice that Braiins OS rejects as well.
In Bitmains case, there was a backdoor baked into the code.
Sujay Jaladi will leave Ripple to join another blockchain startup, Harbor.
One of Indias largest cryptocurrency exchanges, Zebpay, is moving its operations to the Mediterranean island nation of Malta in an effort to maintain its operations after shutting shop last month. The move comes amidst an unprecedented cryptocurrency ban instituted by the Indian government.
The new Malta-based exchange, which will still be called Zebpay, will offer cryptocurrency trading services to customers in 20 countries, all of which are located in Europe, but will not offer trading to Indian citizens, reports Quartz.
Zebpay held a significant amount of the Indian cryptocurrency trading market, once having an estimated five to six million investors on the platform.
Their business began to falter after the Indian government put in place the shocking ban on cryptocurrency trading, which isolated exchanges by forbidding them from engaging in banking relationships.
There has been a significant amount of confusion in the cryptocurrency industry as to whether or not the country is planning on lifting their exchange ban, with multiple sources giving conflicting statements on the situation. Nevertheless, there have not been any major policy or leadership changes that would warrant a lift of the ban since it was originally instituted.
This restriction halted the tremendous growth that the Indian cryptocurrency markets were seeing in early 2018, where exchanges were registering as much as 300,000 new customers per month at their height. Since the ban, estimates claim that the largest Indian exchanges are now registering less than 25,000 customers per month.
As a result of the faltering trading activity and low account registration numbers, Zebpay announced on September 28th that they were halting all exchange activities:
The curb on bank accounts has crippled our, and our customers, ability to transact business meaningfully. At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business. As a result, we are stopping our exchange activities.
Zebpay isnt alon...
Monero (XMR) forked successfully earlier today, and the network has seen no major hiccups so far. This release is unlike the usual ones that try to keep up with deterring ASIC miners. The release, called Monero 0.13.0 Beryllium Bullet, includes a significant overhaul of the networks protocol through the introduction of bulletproofs. Bulletproofs Explained The
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Emma, a London-based startup firm specializing in money management services, has launched cryptocurrency exchange integration for its new app. The platform, which the company describes as a kind of financial advocate service, is designed to help millennials gain a better understanding of their finances.
Emma has integrated several cryptocurrency exchanges into the app, including Coinbase, Bittrex, Binance, Bitstamp, Kraken and Bitfinex. With its latest development, users can view all of their cryptocurrency investments from multiple exchanges in real time using a single interface. The free app also allows U.K. consumers to look at aggregated informat...
The SEC's new FinHub is being launched with the aim of facilitating interactions with fintech startups, including ICO issuers.
Research is delivering much needed good news to the crypto
community saying that despite extreme price volatility and
regulatory uncertainty, the number of crypto jobs in the blockchain
and cryptocurrency sector has risen by 300 percent since the same
time last year.
Saying that the professionalism of the space has accelerated, the report notes that continued growth in job openings suggests that blockchain employers remain confident in the market opportunity and continue to make long-term investments in their teams.
Using their substantial job search site to search out blockchain and cryptocurrencies jobs, Glassdoor Research learned that, in August 2018, there were 1,775 unique blockchain-related job openings in the U.S. By comparison, in August last year, there were only 446 similar job listings, representing a 300 percent year-over-year increase.
Hiring and jobs is a much more stable metric to observe when looking at the health of an industry, compared to the stock market or currency values that can, and do, fluctuate daily, Glassdoor economist Daniel Zhao, who worked on the study, told Bitcoin Magazine:
What the strong surge in job growth that we see on Glassdoor shows is that there is a clear interest in investing in workers with skills related to Bitcoin and other digital currencies.
One of the reports surprises is that more cryptocurrency jobs were created than blockchain jobs, as what Zhao referred to as "Bitcoin-related" skills were the most in demand, despite recent price volatility.
Theres been a lot of Bitcoin buzz among financial investors as well as the general public thats grown quickly over the last few years. What our research found was a 300 percent growth in online job postings for Bitcoin-related jobs compared to the previous year, which is a significant surge.
Although well continue to watch and see where Bitcoin is headed, for employers to make these investments is a sign that they see it as a growing industry, he stated.
As far as job occupations lis...
From Gold To Bitcoin: The Evolution Of Money By Michael Kern Safe Haven Time and time again, gold naysayers have gone to great lengths to dispel its value. You cant eat gold, they would say. This was, apparently, proof that gold...
Elvira Nabiullina, the head of Russias central bank, thinks that crypto fever is diminishing
Prominent institutional-grade cryptocurrency wallet provider BitGo raised $58.5 billion in a Series B funding round led by Mike Novogratz crypto-focused Galaxy Digital and Wall Street mainstay Goldman Sachs.
Industry-leading provider of multi-sig security cryptocurrency custodial services BitGo announced today the second close of its Series B funding round.
New investments from Goldman Sachs Principal Strategic Investments group and the Novogratz-led Galaxy Digital Ventures LLC combined with previous backing from Valor Equity Partners, Craft Ventures, DRW, and Redpoint Ventures bring the Series B funding round total to $58.5 billion.
The funding, BitGo says, will go toward developing a $1 trillion crypto wallet. BitGo is currently the largest processor of on-chain Bitcoin transactions, accounting for 15% of all global Bitcoin transactions, and sees $15 billion each month in cryptocurrency transactions across all of the 95 plus coins the wallet supports.
Mike Belshe, CEO of the Palo Alto-headquartered BitGo says that the investment from Goldman and Galaxy Digital validates both our market opportunity and unique position, adding that no one is better positioned than BitGo to serve institutional investors who want to trade cryptocurrencies and digital assets. Thats why were focused on figuring out what it takes to secure a trillion dollars. The markets not there yet but our job is to be ready first.
BitGo, as with many other entities in the cryptocurrency space, are bolstering their offerings to lure institutional investors into the space. Among chief concerns preventing institutional money from entering the cryptocurrency arena, is a proper custodial solution, which BitGo aims to create.
Rana Yared, managing director of Goldman Sachs principal strategic investments group agrees with the theory, explaining that greater institutional participation in the digital asset markets requires secure and regulated custody solutions.
We view our investment in BitGo as an exciting opportunity to contribute to the evol...
Bitcoin remains motionless as the price enter yet another day of anxious stability. The Bitcoin-to-dollar exchange rate is extending its sideways consolidation trend. The spike seen at the beginning of this week mostly because of the Tether crash is fading aptly in the absence of adequate bullish sentiment, halted near circa 6550-fiat. The
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The U.S. Marshals agency has announced
plans to auction $4.3 million worth of bitcoin (BTC) in November
2018. The sealed bid auction is for nearly 660 bitcoins which were
seized in a series of federal criminal, administrative and civil
cases over the years.
The haul comes from cases against convicts like Thomas Mario Costanzo and Theresa Tetley, both sentenced to jail in 2018 on money-laundering charges. At the time, the agency seized 80 BTC from Costanzo and 40 BTC from Tetley. The U.S. Marshals, however, didn't reveal how much of the forfeited assets from the two would be sold next month.
Founded in 1789, the U.S. Marshals Service is a federal law-enforcement agency within the U.S. Department of Justice and the enforcement arm of federal courts.
Starting next month, bidders will be able to participate in the auction, which consists of two series: Series A and Series B, according to the agency. Series A consists of six blocks of 100 bitcoins each, while Series B has just one block with 60 bitcoins. Participating bidders will not be able to view other bids or modify their bid, once submitted, the agency warned.
To be part of the auction, a potential bidder needs to register with the agency on or before October 31, 2018.
The registration process includes a signed copy of the Bidder Registration Form, copy of government-issued photo ID of the bidder, a $200,000 deposit (about 30 BTC) sent by Electronic Funds Transfer (EFT) from a bank within the U.S. and a copy of the EFT receipt.
This is the third major Bitcoin auction by the U.S. Marshals this year, and it might not be the last. In January 2018, the agency sold 3,600 BTC, and it followed it up with the sale of 2,170 BTC in March. Its biggest bitcoin sale to date was in 2013, when Silk Road was shut down and Ross Ulbricht was sentenced to life imprisonment. The agency seized 144,341 BTC from Ulbricht and 29,656 BTC from Silk Road's servers, which it...
U.K.-based multinational security services company G4S has developed high-security vault storage for holding crypto assets
The United States Marshal Service (USMS) is set to auction approximately $4.25 million worth of Bitcoin at the beginning of November.
The federal agency announced that it would put almost 660 Bitcoins on the auction block, with the online sale planned on November 5, from 8:00 AM EST to 2:00 PM EST. Interested bidders must submit a $200,000 deposit and complete the registration procedure anytime between October 22, 2o18, and October 31, 2018, according to the Marshals Service.
The USMS will conduct the Bitcoin auction in two separate series. Series A, for instance, will put of 6 blocks of Bitcoins for sale, in which each block will contain 100 Bitcoin units approximately $645,000 at the time of press. Series B, meanwhile, will put up 1 Bitcoin block for action, which will consist 60 Bitcoin units almost $387,000.
According to the announcement, Federal agencies confiscated Bitcoins during many criminal, civil and administrative investigations, ranging from Drug Enforcement Agency actions to federal court cases. The dependency of most of the seized Bitcoin is listed in the USMS announcement, which notably suggests that many of the confiscated digital assets belonged to Thomas Mario Costanzo, the ex-Bitcoin trader charged and imprisoned for money laundering, Theresa Tetley, who operated operating an illegal, unregistered multi-million dollar money transmitting business using Bitcoin, and Anton Peck, a dark web drug peddler.
The November 5 Bitcoin auction comes after a series of public digital currency sales this year. On March 19, the USMS had put $25 million worth of Bitcoin on auction, and almost a month before, the agency had auctioned off more than 3,600 bitcoins to five winning bidders.
Bitcoin price tends to flatten out in the wake of Bitcoin biddings. Before the auction of Silk Road Bitcoins in 2016, the market had remained inside a deadlock zone of $580-610. The firm action attributes to investors interim bias conflict before auctions. Only a small number of bidders takes away large chunks of Bitcoin units, which somewhat supports theories that they might sell them all on the next price jump and earn themselves a decent near-term profit.
In the case of November aucti...
U.S.-based cryptocurrency exchange Coinbase is making a recently developed security scaling tool available to the public.
Goldman Sachs and crypto supporter Mike Novogratz have recently invested $15 million in U.S. custody service BitGo
As institutional investors wade increasingly further into the cryptocurrency ecosystem, they are contributing to a significant bump in demand for cryptocurrency lending services. Institutional Crypto Lending Tops $550 Million Thats according to the Q3 Digital Asset Lending Snapshot from Genesis Capital, who in March launched the cryptocurrency industrys first institutional lending business. Since the services
The post Cryptocurrency Lender Sees Meaningful Increase in Institutional Borrowing appeared first on CCN
How Dubai and the UAE have adopted blockchain technology to revamp public and private sectors
Chinese startup Cobo raised $13 million this week in a Series A financing round led by DHVC and Wu Capital. The Beijing-based company established by Bihang wallet developer Changhao Jiang and Shixing Discus Fish Mao, the co-founder of F2Pool said it will use the funds to support the international expansion of its two wallet offerings.
Also Read: Civil Fails to Raise $8M Minimum in ICO
Cobo has developed...
Crypto markets are seeing continued stability, with scant few of the major cryptocurrencies budging in price
Global ticketing giant Ticketmaster has acquired blockchain-focused live events firm Upgraded to enhance ticketing system and prevent fraud
This is big. Ive been saying this for a few years now, but it remains true: this is the end of a prohibition.
Were never going to see anything like this again, and we are still very early.
No doubt, the next month could be volatile since the news is now out that Canada is legal.
Over the next month, I want to help you build the ultimate cannabis portfolio.
On September 4th, we told you about our top cannabis-infused drink company, Koios Beverage Corp. (CSE: KBEV & US: KBEVF), at just 20 cents Canadian. Weve seen our money double, and then double again (Im still accumulating shares)!
This past Monday, we profiled a brand new public company, CannAmerica Brands Corp. (CSE: CANA), for just CAD$0.87. As of this morning, its trading for CAD$1.03.
Theyre headed up by Dan Anglin, one of the pioneers in the cannabis industry.
CannAmerica has entered into licensing agreements with industry leaders for its key brands, AmeriCanna and CannAmerica, in three key geographic markets for the legal cannabis trade: Colorado, Nevada, and Maryland.
I personally decided to make this a core stock in my own family portfolio.
I remember when I first invested into and profiled Bitcoin at $13; I saw a sector that could make investors a fortune.
For the cannabis space, I feel even more bullish. The upside here is greater than Ive ever seen....
Capitalizing on Canadas formal legalization of marijuana and weed-related products for recreational use, a fintech company situated in the US northern neighbor has revealed plans to track cannabis through a blockchain-based solution.
On October 17th, Canada became the western worlds first country to legalize the recreational use of marijuana in a surprising turn of events. Taking to Twitter to announce the news, Justin Trudeau, the forward-thinking 23rd prime minister of the nation, expressed that this drastic change was done in a bid to keep profits out of the hands of criminals and to protect local youth populations.
Justin Trudeau (@JustinTrudeau) October 17, 2018
In tandem with the regulatory action, Vancouver-based DMG Blockchain Solutions Inc. issued a press release to reveal that it had commenced development on a blockchain-centric supply chain management system for the cannabis industry. Per the release, DMG, which is advised by Litecoin creator Charlie Lee, explained that it is currently in active discussions with key participants in this budding industry, which has been likened to the crypto market on multiple occasions.
More specifically, the startup explained that it, along with its technology and finance collaborators, are looking to ink partnerships with major licensed producers, quality assurance labs, retail distributors, and government regulators. Taking into account that blockchain is undoubtedly a global phenomenon, the announcement revealed that DMG intends to onboard a multitude of significant industry players in a bid to ens...
Wall Street banking giant Goldman Sachs has put another stake in the ground of the burgeoning cryptocurrency industry, headlining a $58.5 million Series B funding round in digital asset custodian BitGo. Goldman, Novogratz Invest $15 Million in BitGo Announced on Thursday, the Series B round raises the Silicon Valley-based bitcoin startups total fundraising to approximately
The post Goldman Sachs Headlines $59 Million Funding Round in Cryptocurrency Custodian BitGo appeared first on CCN
U.K.-based bank Natwest will integrate a new blockchain platform based on R3 Corda technology for use in the syndicated loans market
OTC trading firm release summary stats for its crypto loans spin-off, processes half a billion in first sixth months
Bitfinexed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the pretend KYC/AML system of Bitfinex is preventing the exchange from obtaining banking services.
For years, from the shutdown of the exchanges Wells Fargo bank accounts to its troubles with Taiwanese banks, a relatively large portion of the community was convinced the denial of banking services towards Bitfinex was caused by the firms dependence on USDT.
During the interview, Bitfinexed stated that Bitfinex employs a pretend Know Your Customer (KYC) and Anti-Money Laundering (AML) system that disallows the exchange from providing relevant information on suspicious transactions to partner banks initiated by users of the exchange.
Bitfinex is not KYC/AML [Know Your Customer/Anti-Money Laundering] compliant (and this fact is actually mentioned as a big plus by shareholders). They do not want to become KYC/AML compliant. They only want to have what I call, pretend KYC/AML. When I say pretend-KYC/AML, essentially there are ways around complying with KYC/AML on the exchange. For example, lets say youre a drug dealer. You buy bitcoins with cash. Send the Bitcoins to Bitfinex. Sell for US Dollars on Bitfinex. No KYC required. You need the USD? Buy Bitcoin with the USD on Bitfinex. Withdraw, cash out at an ATM. You have a USD bank account with no-KYC/AML. Thats illegal.
For major banks in the likes of Wells Fargo and most recently HSBC, KYC and AML compliance is a key component in any banking relationship, as the failure of a partner business to comply with local financial regulations could lead to scrutiny from regulators.
Crucially, Bitfinexed emphasized that strictly audited, regulated, and transparent stablecoins like Gemini Dollar, PAX, and TrueUSD are not alternatives to Tether for exchanges with weak KYC/AML exchanges, as regulators will request the same level of KYC/AML compliance from exchanges that integrate regulated stablecoins.
The regulated stablecoins are doomed. They only exist because people think theres demand for stablecoins. There isnt, the only demand for stablecoins is for unregulated exchanges. Regulators arent going to tolerate non-KYC/AML exchanges using regulated stablecoins. In order to use a regulated stablecoin you will have...
Clients of the defunct crypto exchange Mt. Gox must submit claims for trapped funds by Oct. 22.
Accenture continues supply chain work with blockchain partnership featuring subsidiary of Thailands Siam Commercial Bank
On October 15, a trusted cryptocurrency source in China reported that the partnership Tron secured with Baidu was not really a partnership. CnLedger reported that according to local publications, Tron acquired the services of Baidu to launch, build, operate, and debug blockchain-based products on Baidu Cloud. The partnership between Baidu and Tron is basically about
The post Did Tron Mislead Investors by Claiming Partnership with Baidu? Experts Weigh in appeared first on CCN
Last February, a bitcoin cash-centric charity based out of Canada had announced the launch of an organization called Coins 4 Clothes. The group started accepting BCH to purchase clothing from wholesalers and then distributed the garments to various Toronto-based charities. Since then the organization has donated over 3,000 articles of clothing to those in need, while at the same time helping people learn about the benefits of a peer-to-peer electronic cash system.
A little over eight months ago Coins 4 Clothes started its charity to help homeless people face the Canadian winter with clothes purchased with bitcoin cash (BCH). When the idea came to fruition the effort began to grow as the group assisted men, women, and youth in need of garments.
Coins 4 Clothes purchased the items fro...
U.S. Marshals to conduct their third BTC auction this year, selling 660 Bitcoins seized in various federal criminal, civil, and administrative proceedings.
The Bill and Melinda Gates Foundation has partnered with Coil, a startup founded by Ripple's former CTO, to provide payment services for the unbanked.
On October 18, cryptocurrency trader and technical analyst Eric Thies released a comparative chart of Bitcoin and Bitcoin Investment Trust (GBTC), a publicly tradable instrument that allows investors in the public stock market to invest in BTC.
According to Thies, the drop in the premium of GBTC is significant, as it demonstrates a decline in interest towards Bitcoin from retail investors or individual traders, and a large entity or group of investors are holding the price of BTC up above the key $6,000 support level.
Seriously, this is significantnobody is talking about this. pic.twitter.com/cPVb3MNg1p
Eric Thies (@KingThies) October 17, 2018
My take is that the two never deviate apart as such and theres a ton of money about to be made. Only thing is Im not versed enough in GBTC and the premiums, benefits, etc. It tells me two things are clear however: retail investor interest is extremely low and something or someone very powerful is holding actual BTC up.
Each share of GBTC, currently valued at $7.21, represents one thousandth of a Bitcoin. Holders of GBTC in the stock market can redeem BTC with their shares of GBTC, as the institution, in this case Grayscale Investments, a subsidiary of Barry Silbert-led Digital Currency Group, stores BTC on behalf of investors.
The premium on GBTC, which has existed since its launch, represents various benefits investors can obtain by investing in BTC through GBTC instead of directly purchasing cryptocurrencies through exchanges.
Two major benefits of GBTC are taxation and security; investors do not have to file additional tax reports from their returns on exchanges and can leave GBTC to maintain BTC holdings safely on behalf of the clients.
For years, the premium on GBTC remained above 20 to 30 percent. Ho...
A new decentralized e-commerce network aims to allow users to purchase directly from manufacturers and promises better prices and faster distribution #SPONSORED
Bolstered by stable trading volume, growing network activity, and increasing validation on Wall Street, the bitcoin price could be on the brink of a major move to the upside. Writing in daily market commentary made available to CCN, eToro senior market analyst Mati Greenspan said that the stars continue to align for a potential bitcoin
Major global chip manufacturing giant TSMC forecasts overall revenue growth in Q4, but expects an offset by low demand for crypto mining hardware
In early 2018, when the price of Bitcoin (BTC) first dropped from $20,000 to $6,000 and recovered to $11,000, the majority of traders and investors were still highly optimistic in the short-term price movement of the dominant cryptocurrency.
Respected entrepreneurs and investors including BitMEX CEO Arthur Hayes, Morgan Creek Digital partner Anthony Pompliano, and Wall Street analyst Tom Lee predicted the price of BTC to exceed $50,000 by the end of 2018.
Ive stuck to my $50,000 Bitcoin price target for end of year 2018. Still have high confidence on the $50,000 number. The timeframe is the big unknown. The next 5 months will be fun to watch, Pompliano said at the time.
While Hayes stated $20,000 to $50,000 is possible for BTC, he recognized that a fall to $5,000 is also a possibility.
Something that goes up to [around] $20,000 in one year can have a correction. We could definitely find a bottom in the $3,000 to $5,000 range. But were one positive regulatory decision away, many an ETF approved by the SEC, to climbing through $20,000 and even to $50,000 by the end of the year, Hayes stated on CNBCs Fast Money.
Since then, Hayes, Pomp, Lee, and Charlie Shrem, have retraced their predictions, due to the length of the correction of the cryptocurrency market.
In late August, Pomp stated BTC could decline to $3,000 before it hits $10,000.
The final data outputs left me with a few uncomfortable conclusions. The most notable one is that we are likely to see Bitcoin near $3,000 before we see Bitcoin at $10,000 again. If this is true, that means we still have ~50 percent price decrease to go. Things may get really, really ugly if this happens.
This week, Shrem shared the sentiment of Pomp, stating that BTC could fall to $2,800 in the short-term, despite stating that May was the last time BTC would fall under $10,000.
As much as I don't want to agree, I agree.
Charlie Shrem (@CharlieShrem) October 17, 2018...
New report says e-Government procurement can benefit from blockchain usage
When youre trading digital assets, speed matters particularly so if youre engaged in high-frequency trading, when every millisecond counts. Executing orders a fraction of a second ahead of the market can mean the difference between profit and loss. New data reveals which cryptocurrency exchanges are the fastest and which are struggling to keep up.
Data provided by Deribit shows marked differences in the speed at which six leading cryptocurrency exchanges fulfill orders. The derivatives exchange looked at three major spot exchanges: Bitfinex, Binance and Coinbase. It also examined three major crypto derivatives exchanges: Bitmex, Okex and its own platform. It should be noted, however, that Deribit has an incentive to share its analysis, as it recorded the fastest order execution in tests.
The most liquid pair on each exchange was tested to determine the time it takes to add a limit order and execute a market order. These tests were repeated every minute for a number of weeks. Most of the exchanges that were tested failed to achieve either task in under 10 milliseconds for a majority of observations, with Okex faring the worst. Some exchanges recorded a significant number of instances where a transaction took lo...
U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors' digital assets from hacks and theft.
Global consulting giant Accenture and Digital Ventures, a fintech subsidiary of Thai financial services conglomerate Slam Commercial Bank (SCB) have announced the launch of a jointly developed blockchain solution that makes commercial operations in Thailand more efficient by using R3s open-source Corda blockchain protocol to revamp the process of making and receiving payments and accessing
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Less than half of Chilean citizens are aware of cryptocurrencies, most of them aged between 18 and 34
Japanese venture capital firm Global Brains has invested an undisclosed sum into Omise Holdings, a Thailand-based FinTech service provider, the companies announced in a press release.
The investment, which is also led by 31VENTURES, a venture capitalist arm of Mitsui Fudosan, one of the largest real-estate developers in the country, and returning Indonesian venture capital SMDV, is aimed at financing Omises expansion plans in Japan. It would also offer support to the development of Omises financial infrastructure, which includes a PayPal-like payment and remittance service, and an Ethereum-powered decentralized exchange.
Improving the traditional financial infrastructure with innovative tools will be Omises prime agenda as it expands into new territories. The startup recognized the millennials need for a border-less and speedy payment service as their businesses grow globally.
Global expansion is a key growth driver for businesses around the world, yet financial transactions are being processed by legacy platforms built on infrastructures that are not geared to support global commerce needs, the Omise statement read. As global commerce and population movement grow, the ability to conduct payments anytime and anywhere becomes a necessity.
Omise will, therefore, eye enterprise adoption in Southeast Asia as a part of its strategy, beginning with Japan. The company will leverage on it OMG Network, eWallet Suite, and OMG DEX financial tools to enable local businesses and individuals to conduct day-to-day finance operations from the comfort of their mobile phones.
In a statement to Tech in Asia, the companys spokesperson acknowledged Japans enthusiasm towards blockchain-enabled startup like theirs. We have [many] services under Omise Holdings which our investors portfolio companies could choose to implement according to the requirements of their business needs, the spokesperson said.
Omise and Global Vision has previously partnered on a few ongoing blockchain projects, including the Ethe...
Almost two-thirds of those taking Maltas Virtual Financial Asset (VFA) agent certification have failed, despite examiners last-minute changes to ease the marking scheme
A blockchain startup aiming to decentralized the internet is shaking hands with the fields most prominent player. But does it matter? Tron Foundation revealed in its latest tweet that it would be working closely with Baidu, a China-based internet giant, to use their cloud solutions. Far from what seems like an official and detailed press Continued
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Recent news of a possible partnership between TRON and Chinese giant Baidu demonstrated the excitement that was produced by sheer rumors of such a move. While this partnership remains only a speculation at this point, another project recently announced a confirmed partnership with an equally as large company.
The new partnership announcement came from Qtum (QTUM), a smart contracts-focused blockchain that employs PoS. Qtum has partnered up with a Chinese division of a well-known multinational corporation, Amazon Web Service (AWS).
The announcement brought new excitement to the digital currency industry, as it announced that the two entities will be joining in order to expand the BaaS offerings of the hosting service. What this means is that Qtum, as a platform for smart contract and dApp creation, will now be deployed via one of the largest cloud providers in the world of business software.
Through the use of AMI (Amazon Machine Image) which features Qtum core, users will be capable of creating and deploying their own dApps and smart contracts. Apart from utilizing AMI, the new solution will also include Solidity, as well as Gmix web IDE, all of which will be employed for the process of creating and operating smart contracts.
Qtum itself will benefit from the partnership by gaining access to Amazons technology, business, marketing, and even sales resources. As for the developers themselves, they will be able to code, launch, and manage smart contracts in a quick, efficient, and cost-effective way.
Patrick Dai, the co-founder of Qtum, commented on this partnership by saying that Qtum is among the most decentralized entities on the web. Considering that AWS is among the largest cloud providers around the world, the two firms are a perfect match. Additionally, Dai believes that both, the companies and users, will benefit from this partnership, as smart contracts and dApps will be available for everyone.
In addition to making the process simple and cost-effective, Qtum AMI image will be completely free to use. AWS customers will not be charged any additional cost, and they will not have to purchase QTUM coins. Furthermore, a TestNet will be deployed for users to simulate a public blockchain and test their products.
Anyone wishing to start working on the blockchain...
To stimulate more thorough tax filings, Japan is looking to ease crypto reporting mechanisms
A consultation paper for the Asian Development Bank proposes a blockchain network to boost efficiency in government procurement systems worldwide.
Differentiating truth from fiction isnt always easy, especially in the realm of blockchain. Weve got distributed ledger stories both real and fanciful in this edition of The Daily, as well as hardware wallet news, an update on bitcoin futures, and the obligatory smattering of stablecoin drama.
Bitcoin wallet and blockchain analysis service Blockchain.com has decided to host airdrops. The platform, whose 29 million wallets make it the industrys largest bitcoin wallet provider, unveiled its airdrop program on Oct. 17.
We think that airdrops, when executed properly, have the potential to meaningfully drive dec...
When Bitcoin Cash, Ethereum, and Litecoin were listed on Coinbase, many investors saw this process as a sign for the widespread use and adoption of the aforementioned crypto assets. But, in stark contrast to Coinbases current listees, the recent addition of 0x (ZRX) onto the San Francisco-based platform have left many asking more questions about 0x than ever before.
Per previous reports from NewsBTC, 0x (ZRX), the native asset of the decentralized exchange protocol project that shares its name, was unexpectedly added to Coinbases professional trading platform on October 11. At the time, however, it wasnt made clear when the world-renowned crypto platform intended to launch ZRX support on Coinbase Consumer (Coinbase.com), which is where a majority of the startups 25 million clients trade and transact.
Eventually, after days of deliberation, the exchange revealed that it had officially launched ZRX on its consumer-focused webpage, along with on the Coinbase IOS and Android mobile apps that were likely gathering dust due to the bearish market conditions. Like any other crypto asset listed on the multinational platform, users are now able to buy, sell, send, receive, or store ZRX, which is now the first Ethereum-based token to go live on Coinbase.
Interestingly enough, for now, users who reside in the United Kingdom or the state of New York will be unable to trade this specific crypto asset. This restriction can presumably be chalked up to the unknown regulatory climate surrounding ZRX, which has yet to be directly addressed by regulatory bodies.
Still, in a testament to the colloquially-dubbed Coinbase Effect, the popular altcoin saw a monumental surge to the upside, rising from $0.65 to a high of $1.04 on the back of the Coinbase news alone. However, since hitting multi-month highs at $1.04, the asset has since seen a pullback to $0.88 and is down 10% in the past 24 hours.
The harsh cryptocurrency regulatory climate in India has turned out to be a gift for the self-styled blockchain island of Malta as one of the cryptocurrency exchanges that recently shut down in the worlds second-most populous country has decided to move operations there. First reported by Quartz, Zebpay, one of the biggest exchanges in India, Continued
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A startup is using a working ecosystem to bring crypto payments to thousands of merchants and hopes widespread adoption will reduce price volatility #SPONSORED
Crypto markets are slowly losing ground as gains made during last weeks Tether induced pump are slowly being eaten away. Market capitalization has retracted slightly from the same time yesterday but is still just above $210 billion at the moment.
Bitcoin has dropped back a fraction of a percent today to bring it back to $6,550. The bulls do not have the strength to take it above the $6,600 resistance level so here it stays for another day. Ethereum is still very bearish with another drop today back to $205.
For another day the altcoins are mixed pretty much half and half. The top ten sees Stellar making the largest move with 4% added to take XLM to $0.242. Cardano is up slightly but the rest have fallen back 1-2 percent on the day.
Neo and Zcash are making the best momentum in the top twenty, both tokens trading over 4% higher today. Dash and Tezos however are both falling back 2-3 percent and the rest are pretty flat with little movement in either direction.
As usual there are a couple of fomo pumps going on with some of the more obscure altcoins further down the list in the top one hundred. Ravencoin, a new entry to this part of the chart, is up 26%. PIVX and Odyssey are also climbing 14-15 percent at the time of writing. These spurts usually reverse within a day or two when the coin predictably dumps again.
Losing ground today is Electroneum and 0x dropping over 7%. ZRX recently jumped over 40% on a Coinbase listing but has dumped a lot of those gains just as quickly as rumours of insider trading at the exchange circulate. There are no real standout cryptocurrencies at either end of the chart at the moment.
Total market capitalization has shrunk around one percent on the day to just over $210 billion. Daily trade volume is still at $11 billion and the sideways channel has resumed. On the week markets are up 4.5% and over the past month they have made over 8%. Bitcoin dominance is currently 53.7% where it has been for most of the week.
FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
Bitcoin price is slowly moving into a bearish zone below $6,480 against the US Dollar. BTC/USD could extend the current dip towards $6,340 if buyers lose control.
There was an increase in selling pressure noted below the $6,500 and $6,480 levels in bitcoin price against the US Dollar. The BTC/USD pair struggled continuously to break the $6,500 and $6,520 resistance levels. As a result, there was a slight bearish reaction and the price declined below the $6,450 level. It seems like the price failed to settle above the 23.6% Fib retracement level of the previous decline from the $6,828 high to $6,350 swing low.
More importantly, there is a contracting range forming with support at $6,430 and resistance near $6,490. Additionally, there is a crucial bullish trend line in place with support at $6,430 on the hourly chart of the BTC/USD pair. Therefore, if the price breaks the trend line support and $6,410, it could drop towards the $6,380 level and the 100 hourly simple moving average. Below the 100 hourly SMA, the next key support is at $6,280 (the previous resistance). On the flip side, a break above the $6,500 and $6,520 resistance levels could push the price towards $6,590.
Looking at the chart, bitcoin price may continue to trade in a tight range before it either climbs above $6,500 or breaks the $6,430 support in the near term.
Looking at the technical indicators:...
Officially confirmed: decentralized Internet project TRON and China's Google Baidu will cooperate on cloud computing resources
Yet another African country is turning to explore blockchain technology following Kenyan government, that recently announced to use blockchain technology for the distribution of new government-funded housing units. The Rwandan government is now eyeing to track the supply chain of metal tantalum, which is used in consumer electronics, with blockchain technology. The move aims to reassure investors over Continued
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The widespread adoption of blockchain technology that has occurred over the past year has proven just how practical and far reaching the benefits of nascent technology is, but there has yet to be a widely used product that solves one of the worlds persisting issues: the coherence and security of healthcare data.
Now, a group of researchers is trying to convince hospitals and healthcare providers that the solution to these problems is the blockchain.
There are multiple issues currently plaguing the healthcare industry, including the fragmentation and incoherence of data across multiple platforms, the persisting likelihood of data breaches, and the illegal use and monetization of patients private data.
This past Summer, a cybersecurity breach at an Orlando-based Orthopedic Center exposed the private files of more than 19,000 patients, all due to a misconfigured software update that exposed the patients data on the internet.
In a similar situation, healthcare company Nuance, experienced a system breach that led to a third party gaining full access to 45,000 patient records that were being stored on one of its medical transcription platforms.
The breach, which was discovered in December of 2017, was so widespread that it warranted attention from the United States various law enforcement agencies, including the FBI, the DOJ, and the SEC. The agencies discovered that information including patients date of birth, full name, medical record number, diagnosis, care plans, and treatments, were all stolen by the nefarious actors.
Mark Hennessy, the lead researcher at Philips Research, recently spoke in an interview about how blockchain technology could increase the operational efficiency and security of healthcare providers data storage systems.
Hennessey notes that Philips is developing what he describes as a verifiable data exchange, that isola...
A new partnership sees Japan looking at blockchains potential for renewable energy sales to consumers
Ethereum classic price is forming a base for an upward move against the US Dollar and Bitcoin. ETC/USD could gain strength above $10.00 for more gains in the near term.
Recently, we saw a downside move below the $10.00 support in ETC price against the US dollar. The ETC/USD pair even broke the $9.00 support and traded as low as $8.92. Later, buyers appeared and pushed the price back above the $9.00 level. The price traded higher steadily and broke the 23.6% Fib retracement level of the previous decline from the $10.80 swing high to $8.90 swing low.
Furthermore, there was a close above the $9.50 level and the 100 hourly simple moving average. However, the upside move failed near the $9.80-9.85 resistance area. More importantly, there was a failure near the 50% Fib retracement level of the previous decline from the $10.80 swing high to $8.90 swing low. At the outset, this weeks followed important ascending channel formed is active with support at $9.40 on the hourly chart of the ETC/USD pair. The pair is placed nicely above the channel support, $9.20 and the 100 hourly SMA. Therefore, it could rally above the $9.80 and $10.00 resistance levels in the near term.
The chart suggests that ETC price may possibly gain momentum once there is a convincing break above the $10.00 resistance. The next stop for buyers in the mentioned case could be $10.50 or $10.80.
G4S (LSE: GFS), a security services provider with operations in more than 90 countries, guards everything from cash transfers to nuclear power plants and prisons. The London-headquartered company has now started to offer cryptocurrency protection, according to a recent report.
Japan's Tax Commission is planning to introduce a new system to make it easier for crypto traders and investors to calculate their profits.
Moneynetint, a UK-based provider of foreign exchange services for the corporate sector has integrated and deployed decentralized payments using Ripple blockchain network RippleNet. Based in London with a focus on payment services for corporate clients, Moneynetint revealed an ongoing collaboration with San Francisco-based blockchain industry giant Ripple on Tuesday. The payments platform, which provides cross-border
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Bitcoin cash price is currently holding the $440 support against the US Dollar. BCH/USD needs to clear the $450 level and the 100 hourly SMA to gain traction.
There was no upside break above the $460 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair started a downside move and traded below the $450 support. There was also a close below the $450 level and the 100 hourly simple moving average. However, buyers successfully defended losses below the $440 support. The price formed a low at $438 and is currently consolidating.
It has moved back above the $440 level with a few positive signs. Moreover, there was a break above a short-term declining channel with resistance at $441 on the hourly chart of the BCH/USD pair. The pair is currently testing the 23.6% Fib retracement level of the recent slide from the $458 high to $438 low. More importantly, the 100 hourly SMA is positioned near the $444 level. Therefore, a proper break above the $444 level and the 100 hourly SMA is needed of an upside push. The next resistance is near the 50% Fib retracement level of the recent slide from the $458 high to $438 low at $448.
Looking at the chart, BCH price must stay above the $440 support level. If not, there is a risk of a downside push towards the $426 support.
Looking at the technical indicators:
Indian regulators' clampdown on crypto firms is forcing exchange Unocoin to experiment with ATMs and stablecoins to continue receiving fiat deposits.
After rising to $6,700 on fiat-to-crypto exchanges and achieving $7,700 on Bitfinex, Bitcoin has stabilized at $6,500. Over the past 48 hours, the volume of Bitcoin has risen from $3.2 billion to $7 billion at its peak, but has since dropped to $4 billion. In a two-day period, BTC has shown a 25 percent increase
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Building on last years momentum at GITEX Future Stars, Speed@BDD had another strong presence this year with 15 Lebanese-based startups and one of its alumnus were able to clinch the first prize of $100K in cash at the Supernova Challenge. Spike App was competing with more than 200 startups in that competition and its owner Ziad was able to win over the crowd and jury and walk away with the big prize. Ziad had also received the 1st prize in the Healthcare innovation challenge and a spot in Kings College Dubai incubation program.
Spike is a mobile assistant that helps diabetics better manage their diabetes. Spike monitors the patients daily behavior and jumps in with reminders and tips when needed about insulin, food, activity, etc.. In addition to that, Spike stores the patients data for further analysis and/or sharing with doctors and caregivers.
Heres a brief overview of the other Lebanese startups taking part:
Augmental is an educational technology application initially targeting 12 to 18 years old students where course material is adapted to each students learning abilities using Artificial intelligence and Augmented Reality.
Beambot is a smart addition that allows businesses to control their warehouse lighting and cut their electricity bill by up to 50%.
BlocRecs is a blockchain-powered platform that helps employers instantly validate the university degrees of job candidates. By automating the process of degree verification often handled by HR and universities registrars,
Crowd Powered makes it easy for businesses and
residential communities to access solar power. Our automated
allows consumers to design a solar power system that fits their needs, entirely online and with minimal input (e.g. location and monthly electrical consumption for businesses).
GENERICS are premium, custom-made, wired earphones designed & developed to solve for poor fitting, uncomfortable earphones. Our proprietary custom making process combines science & art. With a video of your ears using your smartphone camera through our App, we leverage image processing, 3D Printers & advanced materials manipulated by skilled artisans to produce custom biocompatible tips.
Hello Harold is a Classified Ads assistant that helps buyers and sellers choose a fair deal and optimise their second hand transactions. Thanks to our tailored artificial intelligence our solution provide you with the most accurate market data and predictions corresponding to your need. Hello Harold is currently a messenger bot focusing on the second-hand cars vertical.
The former chairman of the United States Commodity Futures Trading Commission (CFTC), Gary Gensler, recently expressed his views on the regulation of cryptocurrency markets. Gensler emphasized his belief in the need for robust consumer protections, and also argued that the majority of initial coin offerings essentially comprise initial public offerings (IPOs).
Gensler has spoken of the need for regulators to adopt a technology neutral stance in order to promote innovation across the cryptocurrency and distributed ledger technology industries.
The former CFTC chair stated: We should not regulate the blockchain technology, but just ensure that its application, like cryptocurrency, [ensures] investors are still protected. What does that mean? That we make sure theres not fraud, manipulation, to the extent we can, in the bitcoin markets.
Ripple price is preparing for the next break against the US Dollar and Bitcoin. XRP/USD may soon make the next move either above $0.4750 or below $0.4600.
There were mostly range moves above the $0.4500 support in Ripple price against the US Dollar. The XRP/USD pair remained well supported above the $0.4500 and $0.4600 support levels. The last swing high was formed at $0.4753 before the price corrected lower. It declined below the 50% Fib retracement level of the last wave from the $0.4404 low to $0.4753 high.
However, the decline was protected by the $0.4540 level and a connecting bullish trend line. Moreover, the 61.8% Fib retracement level of the last wave from the $0.4404 low to $0.4753 high also acted as a support. The price climbed back up above the $0.4600 level. It seems like there an ascending triangle pattern formed with resistance at $0.4740 on the hourly chart of the XRP/USD pair. The pair is likely to break the triangle resistance near at $0.4740-50 for a bullish break. In the mentioned case, the price could rally above the $0.4850 and $0.4920 resistances. The final target above the $0.4920 level for buyers could be near the $0.5000 barrier.
Looking at the chart, ripple price is trading with a bullish bias above $0.4600. However, if buyers continue to fail near the $0.4750 resistance, there may well be a downside reaction. The main support below $0.4600 is near the $0.4420 level and the 100 hourly simple moving average....
As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange. The increased fear that each token issued may not be backed by one U.S. Dollar has resulted in a premium of up to $300 on the price of Bitcoin traded on Bitfinex.
Tether (USDT) has seen its market capitalization plunge from the $2.8 billion area to just above $2 billion in a matter of ten days as holders moved approximately $800 million elsewhere. Bitcoin is the champion most Tether holders are looking for as they dump their tokens.
Bitcoin is being traded at $6,732 on Bitfinex, nearly $300 more than the $6,443 priced on the Coinbase exchange and other operators. Richard Johnson, an analyst at Greenwich Associates, explained the phenomenon.
So if most Bitfinex traders are holding Tether instead of USD, then this represents the premium they need to pay. Another way of looking at it, is that holders of Tether have taken a 5 percent haircut on their so-called stable coin.
The cryptocurrency market questioned whether Bitfinex has gone insolvent when it announced a temporary pause on fiat deposits for certain customers amid processing complications. The exchange denied it. Alex Michaelis, co-founder of researcher CoinSchedule, believes there is no reason to think otherwise, he told Bloomberg.
I dont think Bitfinex is going under, we met with them last week and that is not the impression we got. What I think happened is that a lot of people think Tether is going bust, so they are exchanging their Tether for Bitcoin and pushing the price up there.
Tether has found many critics throughout the years as many suspected Bitfinex was not rigorously backing the token with USD. The controversy intensified when the exchange decided to end their relationship with Friedman LLP, the company responsible for auditing Tether, and was subpoenaed by the U.S. Commodity Futures Trading Commission....
Ethereum price is stuck in a range against the US Dollar and bitcoin. ETH/USD could continue to consolidate before it could retest the $208 and $210 resistances.
Recently, ETH price failed to break the $208 and $210 resistance levels against the US Dollar. The ETH/USD pair slowly moved down and traded below the $205 support. It tested the $200 support level and spiked below the 100 hourly simple moving average. There was also a break below yesterdays highlighted bullish trend line with support at $205. However, the price found a strong support near the $200-202 zone and it is currently consolidating in a tight range.
On the downside, there is a decent support formed near $202 and the 100 hourly simple moving average. There is also a crucial bullish trend line in place with support at $202 on the hourly chart of ETH/USD. If the pair breaks the trend line support and $202, there are chances of more declines below the $200 support. The next important support on the downside is at $194. On the upside, the $208 level is a major hurdle for buyers. It also represents the 23.6% Fib retracement level of the last drop from the $220 swing high to $198 swing low.
Looking at the chart, ETH price is likely to remain in a range near the $202 level and the 100 hourly SMA before buyers push the price higher towards $208 and $210.
Hourly MACD The MACD is currently neutral...
Bitcoin Price Key Highlights
Bitcoin price is making another attempt at a bullish triangle breakout to ultimately confirm that more gains are in the cards.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA so the path of least resistance might be to the downside. In other words, theres still a chance that resistance might hold and push bitcoin price back to the bottom of the triangle just above $6,000.
Then again, the moving averages could simply be oscillating to reflect consolidation. A candle closing past these dynamic inflection points could be an early signal of bullish pressure and a hint that a crossover might happen soon.
Stochastic is pointing up to confirm that buyers are in control and have enough energy to push for more gains before overbought conditions are seen. RSI is also heading north so bitcoin price could follow suit, but this oscillator is nearing overbought levels. If sellers return, price could once again test support near $6,000.
Now that market participants seemed to have calmed over the earlier bitcoin spike, the attention seems to be focused on the positive developments in the industry. For one, the launch of Fidelitys institutional investment platform for bitcoin and ethereum could usher in strong volumes from big hedge funds and the like, leading to a much-anticipated rebound for the year.
Analysts even point to how this price behavior was already...
Blockchain technology is rapidly being adopted for public purposes. New South Wales plan to fully digitize property transactions and Abu Dhabi Ports test to improve cargo visibility and streamline trade flows are two new examples of the disruption taking place today.
As the Australian state of New South Wales prepares to digitize property transactions by July 2019, the recently privatized Land Registry Services has announced a blockchain-based proof of concept (PoC) for electronic property conveyancing in partnership with Stockholm-based startup ChromaWay.
The firm will leverage proven approaches from implementations in Sweden and India.
Under blockchain models, the data in a registry will remain secure and immutable, while also being accessible and searchable. It will provide an incontrovertible chain of ownership. It also has potential to transform land planning and development processes with a simplified, more efficient approach that removes burdensome paper-based processes and duplicated work that is currently the norm.
When the Australian state finally moves to eConveyancing in July 2019, all paper certificates of title will be canceled. All land registry will be lodged electronically with a comprehensive view of rights, restrictions, and responsibilities, according to Adam Bennett, CEO of the land registry service.
Rapid and far-reaching technology change is impacting traditional approaches to land dealings registration and general business operations around the globe. NSW LRS is embracing this new world by conducting a series of targeted experiments with globally-recognised technology companies.
Other land sector actors, including Property Exchange Australia, may benefit from the increased transparency and reduction of data duplication as the business settles property transactions online. Pending regulatory approval, the changes to NSW LRS core systems, and core and non-core services are expected to smooth functioning of local and national property markets.
The U.S. Marshals are set to auction off about 660 bitcoin forfeited in federal criminal, civil and administrative cases, worth about $4.3 million.
The supremacy war between Bitcoin ABC and Bitcoin SV is beginning to affect Bitcoin Cash investors keen on channeling funds through regulatory compliant avenues as Gemini. In a statement, the New York based exchange said they will list Bitcoin Cash in November once there is stability within the Bitcoin Cash ecosystem.
Gemini, one of the worlds largest and regulated cryptocurrency exchanges has delayed the listing of Bitcoin Cash. Citing uncertainty within the Bitcoin Cash community about one or more possible hard forks, the exchange plans to offer support once everything is clear within the Bitcoin Cash ecosystem.
That may happen in November once the wave of uncertainty ends. Traders should note that Gemini is under the oversight of New York State Department of Financial Services (NYSDFS). Since the Office of the Attorney General is stringent and looking after the interest of New York residents with investments in crypto, the exchange adheres to the highest standards of banking compliance and fiduciary obligations. As a result, Gemini is taking a security first approach. They are safeguarding the security of funds because one of the hard forks lack the replay protection feature necessary to safeguard investors funds.
The priorities in Bitcoin Cash are:
1. Get rid of the block size limit.
2. Get rid of the tx size limit.
3. Get rid of the script size limit.
4. Get rid of the tx chain limit.
5. Get rid of every other limit.
This is what should be addressed in the next hard fork.
Ryan X. Charles (@ryanxcharles) October 17, 2018
Two women have been arrested in connection with a March home invasion in Killingly, CT, where victims were not only robbed but also allegedly pistol-whipped and attacked with an electric cattle prod. The incident, police said, was the tragic culmination of a dispute involving a bitcoin account. Incident Details Apparently, the home invasion occurred because
The post Police: Dispute over Bitcoin Account Led to Connecticut Home Invasion appeared first on CCN
BitConnect investors hoping to recoup their losses have consolidated all existing lawsuits against the startup into one.
Altcoins bulls are back and as Stellar Lumensup 7.5 percent and IOTAup three percent in the last day lead the rest of the market, its likely that our bull traders will go live today. As such, we recommend traders to search for under-valuations in lower time frames.
Lets have a look at these charts:
Still daily movements are tight and EOS bulls are struggling to follow through Oct 15 rapid gains. As a result, EOS is stagnating, oscillating within tight trade ranges in lower time frames while prices are literally unchanged.
Because of this, our last EOS price analysis is valid and before there are gains above $7 or below our main support at $4.5-$4, we shall maintain a neutral stand. After all, from a risk-reward point of view, it doesnt make sense to commit more risk than what you stand to gain more so if prices fail to breach and close above the main resistance and buy trigger line at $7.
In the meantime, the countering moves of Oct 11 and 15 mean there is a race for dominance between buyers and sellers. Odds are buyers might overcome sellers who have been in control for the last nine months safe the brief recoveries of April and early May.
Losses in the last day were low with LTC shedding roughly three percent. However, in the last week, it is down seven percent following the failure of buyers to follow through, confirming Oct 15 gains in the process.
Ever since MtGox announced Litecoin support in 2013 and failed to deliver, I've been on a mission to get LTC added to exchanges to help increase liquidity.
With the launch of LTC on Gemini today, every single major Bitcoin exchange supports Litecoin. Mission accomplished! pic.twitter.com/6jvSyvsKdm
Thomas Coughlin: KINESIS.MONEY: Gold-Backed Cryptocurrency + Yield Video Wealth Research Group Video Source
The post Thomas Coughlin: KINESIS.MONEY: Gold-Backed Cryptocurrency + Yield (Video) appeared first on The Daily Coin.
A new crypto paper arrived today bearing a familiar (and mysterious) pseudonym.
The World Payments Report 2018 has found that blockchain technology is not presently capable of meeting the demands of the financial market
Cryptocurrency exchanges in some of Africas biggest bitcoin markets have been forced to rethink their security to thwart persistent attacks from hackers, a trend that has troubled trading platforms all around the world.
Exchanges in the African continent have been relatively unscathed, suffering scant losses amidst the $930 million thats been stolen from global exchanges so far this year, according to data by U.S. cyber security firm Ciphertrace.
The most notable assault on investor funds in the continent of 1.2 billion people happened around March in South Africa. It wasnt a cyber attack on an exchange, but rather a scam. Fraudsters at BTC Global, a supposed cryptocurrency investment fir...
Recognized economist Nouriel Roubini, a professor at Stern School and NYU, recently launched a series of attacks against the crypto sector. All of the False Claims Roubini Made He claimed Bitcoin is a Ponzi scheme, Ethereum co-creator Vitalik Buterin amassed a wealth of a billion dollars by creating a pre-mined blockchain network, and said public
The post Debunked: How Nouriel Roubini Failed to Attack Crypto with Cherrypicked Data appeared first on CCN
Chinese mining hardware manufacturers may have to contend with steep U.S. tariffs under a new regime introduced this summer by the Trump administration
The government of Rwanda is leading an innovative mineral traceability initiative using blockchain.
To that effect, the project is working with U.K.-based startup Circulor and its blockchain powered supply chain platform to record the provenance of metals in order to eradicate sources of funding for conflict minerals.
Tantalum a rare metal used to make consumer electronics, chemical process equipment, nuclear reactors, aircraft, and missile parts is mostly found in Central Africa, including Rwanda and the Democratic Republic of Congo. As the natural resource is extracted in conflict zones and sold to perpetuate the fighting, it has become considered a conflict metal.
Francis Gatare, a Rwandan government minister and the CEO of the Rwandan Mining, Petroleum and Gas Board, said the initiative is already being implemented by at least one exporter from Rwanda, in order to comply with the internationally mandated efforts to stop the funding of conflict minerals. PRG Resources, a mining company who supplies Apple with tantalum, is reportedly using the system.
The Circulor platform will be used by companies to tag and trace tantalum mined in the country as the supply chain becomes more transparent with the blockchain system. Even intermediate products mixed with other raw materials will be listed on the platform, according to Douglas Johnson-Poensgen, CEO of Circulor.
Circulors technology will bring greater transparency to the tantalum supply chain. Our blockchain platform will empower consumers to understand where the materials in the products they buy come from and also make it harder for materials that are not ethically sourced to pass through the supply chain. It will also dramatically reduce costs for miners who current shoulder a disproportionate share of the cost of compliance.
Built on Hyperledger Fabric, the platform will not only help compliance of international agreements regarding the removal of conflict resources from the supply chain, but will also record all stages of production before it reaches the end consumer.
The Wall Street reform known as the Dodd-Frank Act approved during Barack Obamas presidency included legislation regarding conflict minerals. The law compelled U....
A Norwegian man was brutally stabbed to death shortly after completing an in-person cash-for-bitcoin exchange, and investigators believe that the two events may be linked. According to Norwegian news organization TV 2, the stabbing occurred on Monday morning at the 24-year-old victims apartment in Majorstuen, an affluent neighborhood in Oslo, likely between 7:50 am and
The post Norwegian Man Brutally Murdered Following In-Person Bitcoin Trade appeared first on CCN
The U.S. states of Colorado and North Dakota have independently issued cease and desist orders against companies promoting initial coin offerings in their states. Their tokens are potentially fraudulent securities offerings, according to the two states securities commissions. One scheme promises a return of 10 percent per month and claims to be pegged to the price of gold.
Colorado Securities Commissioner Gerald Rome signed two final orders on Oct. 12, directing a pair of companies to cease and desist offering or selling unregistered securities in the form of initial coin offerings (ICOs) in his state.
Davor, which issues Davorcoin, and Cyber Capital Invest, which offers the CCI token, received the orders as a result of an investigation into potentially fraudulent securities offerings in Colorado in the form of ICOs, the states Division of Securities announced.
According to the regulator, the ICOs offered by the two companies are not registered in Colorado or...
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