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Wednesday, 15 August

15:17

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits "IndyWatch Feed Crypto"

Several blockchain associations in South Korea are pushing back against a government plan they fear will stifle industry innovation. The groups have been objecting to a proposal aired by South Koreas Ministry of SMEs and Startups on Monday for an amendment to the countrys existing venture business law that would, if enacted, exclude cryptocurrency exchanges from the class of SMEs and startups and group them instead with gambling and entertainment businesses. Quoting the development of social problems like speculation led by cryptocurrency exchanges, the move by the ministry aligns with the governments recently said plan to revise existing legislation to strip crypto trading platforms of their tax benefits.

The proposal has drawn critique from many blockchain associations, CoinDesk Korea reports, which accuse the government of stifling innovation since the impacts of the shift might go beyond just exchanges and affect the blockchain industry as a whole. Arguing that the change goes directly against a push from the countrys president, Moon Jae-in, for regulatory innovations, the Korea Blockchain Association, Korea Blockchain Industry Promotion Association and Korea Blockchain Startup Association jointly submitted a letter to the ministry on Tuesday. If this legislation is implemented, domestic companies with a second biggest number of blockchain technology patents after IBM is going to be excluded from classification as venture enterprises simply because they operate a cryptocurrency exchange, the associations contended.

They continued: The investment in development and research from blockchain technology based companies will be hindered. As such, companies which are unable to receive policy benefits and tax benefits may either fail or move overseas. The startup ministrys suggestion open for public opinions before Sept. 4 would be the most recent seeking to curb crypto speculation in South Korea, following measures early this year that purchased exchanges to provide services to Korean residents only and also to take a real name check procedure. National Assembly building picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
proposal
recently stated
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14:32

LINE Launches $10 Million Token Venture Fund, Lists TRON on Crypto Exchange "IndyWatch Feed Crypto"

Japans largest messaging app LINE has established a new corporate token venture fund with $10 million in capital for startups in the blockchain and crypto industry. With over 600 million registered users and 200 million monthly active users worldwide on its messaging app, Japans LINE announced its entry into the cryptocurrency space after filing to

The post LINE Launches $10 Million Token Venture Fund, Lists TRON on Crypto Exchange appeared first on CCN

14:00

Which Cryptocurrencies Will Survive The Altcoin Apocalypse? "IndyWatch Feed Crypto"

With the massive crypto market rout that has occurred in red August many are now talking of an altcoin extinction which could spell the demise for the majority of them. Which ones are likely to survive is the key question.

Most of the altcoins have dropped way below their price levels this time last year and are 80-90% down from their all-time highs. This has led many to surmise that it could be game over for many of them. According to Ted Rogers, the president of crypto wallet provider Xapo, this extinction level event could wipe out 90% of the altcoins;

This sentiment has been echoed by Ethereum founder Vitalik Buterin when he famously said that most of the coins on Coinmarketcap will go to zero back in October before the big run up. Buterins comments were aimed more at low quality alts, or shitcoins as theyre commonly known in the trade. Rogers, however, believes that only Bitcoin is the king and now is the best time to buy it. He may be onto something since Bitcoins market dominance has increased to 53.7%, its highest level this year.

Surviving the Extinction

If there is merit to these words, which altcoins will survive? To find out we need to look back to the ones that have survived such market drops in the past. These are most likely to survive this slump and possibly grow stronger in the future. Going back to 2013/14 is an almost mirror image of the current market situation with a huge pump at the end of the year and a massive dump throughout 2014 when markets shed 80% before recovering again in 2015.

...

14:00

Korean Blockchain Groups Blast Plan to Strip Crypto Exchange Benefits "IndyWatch Feed Crypto"

Several blockchain associations in South Korea are pushing back against a government proposal they fear will stifle industry innovation.

13:53

Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its Platforms "IndyWatch Feed Crypto"

Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its Platforms

Playboy is reportedly suing a Canadian cryptocurrency firm for allegedly failing to integrate a wallet that would support a range of cryptocurrencies across the companys online media, digital and casual gaming businesses. Playboy.tv was supposed to be the first of the companys platforms to feature the new crypto wallet and payment options.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Playboy Sues Canadian Crypto Company

Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its PlatformsPlayboy Enterprises Inc., the parent company of the Playboy magazine empire founded by Hugh Hefner, is suing a cryptocurrency firm listed on the Canadian Securities Exchange (CSE) on allegations of fraud and breach of contract, the LA Times reported Monday.

In the lawsuit filed in Los Angeles, Playboy claims that Global Blockchain Technologies (CSE: BLOC) failed to live up to an agreement to integrate blockchain technology into Playboys online media channels, the publication elaborated. The Beverly Hills-based company is seeking unspecified compensatory and punitive damage...

13:19

Bitcoin and Ethereum Rise 6% as Market Rebounds During Dark Skies "IndyWatch Feed Crypto"

Over the past 12 hours, Bitcoin and Ethereum have risen by more than 6 percent in value, but some analysts are still not convinced about the short-term trend of the crypto market. Generally Positive Sentiment The quick recovery of Bitcoin and Ether, the native cryptocurrency of the Ethereum network, has led the general sentiment of

The post Bitcoin and Ethereum Rise 6% as Market Rebounds During Dark Skies appeared first on CCN

13:17

Y Combinators New China Chief Is Bullish on Blockchain "IndyWatch Feed Crypto"

Y Combinator has just announced a brand new division of China and its main believes blockchain will deliver long term benefits to startups, based on a report. The Silicon Valley based seed investment company, that has incubated notable startups such as Reddit, Dropbox and Crypto Exchange Coinbase, formally announced its entrance in Chinese market in the blog article on Wednesday alongside news that Lu Qi a former chief operating officer of Baidu will be responsible for the new arm. In a meeting with local media outlet 36Kr, Lu commented today that YC Chinas main goal will be to concentrate on startup incubation, ability training and development and research, as well the production of a nonprofit research laboratory.

Lu also discussed blockchain, stating that he considers its core characteristics of data encryption and digitization of trust imply its long term potential in business. He added that the technology is particularly intriguing for its provision of several types of incentives. Currently, incentives already on the market are usually monetary, like equity and bonds, but blockchain technology can deliver innovation in the long run incentive mechanism, he explained, adding: Blockchain technology will lower the threshold for entrepreneurship in areas. Although it is not yet clear how much a focus YC China will take on blockchain technologies and associated startups, the accelerator has already been active in the area.

Additionally to incubating Coinbase, YC also endorsed a crypto investment direction startup called CoinTracker that raised $1.5 million in a seed financing round in Apr, as mentioned by CoinDesk. At a startup event last Sept, YC president Sam Altman called the coin out offering marketplace as being in a bubble, but doubled down on the first commitment to incorporating blockchain as a businesss to democratize access to investing means to democratize access to investing. Lu image via YouTube. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
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commented
reported
called out
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13:00

Coinbase Continues To Add 50,000 Users a Day During Bear Market "IndyWatch Feed Crypto"

While the cryptocurrency market has tanked in recent months, many cryptocurrency advocates remain unfazed, with some claiming that the adoption rates will only continue to swell. Critics may classify this sentiment as unwarranted optimism, but Coinbase CEO Brian Armstrong has recently disclosed figures that allude to the fact that the cryptocurrency market is set on growing.

Coinbase Signs Up 50,000 Users A Day

Coinbase has long been at the helm of the cryptocurrency market, holding the business of 25 million consumers to its name. But as this years correction hit crypto investors square in the gut, many pessimists began to speculate that it was the beginning of the end for exchanges. Bloomberg reports that this is far from the case, with Brian Armstrong, the CEO and co-founder of Coinbase, recently speaking at the Bloomberg Players Technology Summit to give an inside look into one of the most influential firms in this industry.

During the interview, Bloomberg host Emily Chang asked the following pressing question is this the price of what Bitcoin should be? Turning the question on its head, Armstrong responded, stating:

This technology is going through a series of bubbles and corrections. So weve been through four or five of them now where Bitcoin made this big runup in price and there was irrational exuberance, and then it corrected back 60 or 70 percent It has kind of matched the growth of the company (Coinbase). If you go back to 2012/2013 when we started, we had 500 people a day signing up. After the next bubble and correction, we had 5,000 people a day sign up. And now its more like 50,000 a...

13:00

Breakdown Over? Bitcoin Indicators Suggest Price Outlook Is Improving "IndyWatch Feed Crypto"

Bitcoin looks to have fought off recent bear attacks that saw prices landing just above the yearly low of $5,755.

11:58

South Korea Budgets a Trillion Won for Blockchain Tech in 2019 "IndyWatch Feed Crypto"

South Koreas government has earmarked a 5 trillion won ($4.4 billion) budget toward its Growth through Innovation investment program in eight critical sectors with a particular focus on blockchain and AI. In a meeting in Seoul on Monday, South Koreas finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation

The post South Korea Budgets a Trillion Won for Blockchain Tech in 2019 appeared first on CCN

11:56

The Daily: Stoners Drop Crypto From IPO, Binance Launches Academy "IndyWatch Feed Crypto"

The Daily: Stoners Drop Crypto From IPO, Binance Launches Academy

In todays edition of Bitcoin in Brief we cover stories about the stoners magazine High Times which dropped cryptocurrencies from its IPO, Binance launching its own academy, an institutional investors program by Kucoin and the Cash App expanding its crypto buying service across America.

Also Read: An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed Company

Stoners Drop Crypto From IPO

The popular cannabis culture publication High Times recently announced that it is holding an initial public offering (IPO) and that it will be the first regulated A+ stock willing to accept cryptocurrencies such as BTC and ETH. However, according to a filing with the Securities and Exchange Commission (SEC) that was just an honest mistake. The announcement was distributed in error as the Company will not be accepting bitcoin as payment for shares. As provided in the Companys subscription agreement related to the offering, the Company will only be accepting check, credit card, ACH or wire transfer as payment for subscription to shares, High Times now claims. While it would have been fair to assume another company might have gotten cold feet due to the current bear market, or that it was somehow intimidated by the regulators behind the scenes, in this case it is indeed possible that whoever wrote that original announcement was just stoned out of their mind at the time.

Binance Launches Academy

...

11:30

Y Combinator's New China Chief Is Bullish on Blockchain "IndyWatch Feed Crypto"

Lu Qi, the head of Y Combinator's new China division, believes blockchain has great potential for entrepreneurship in the long run.

11:30

Cryptocurrency Market Update: Altcoins Bounce From The Bottom "IndyWatch Feed Crypto"

FOMO Moments

Markets are bouncing from the bottom, XRP, Litecoin, Tezos and Tron recovering from major losses.

After five days of heavy losses resulting in $40 billion being dumped out of crypto markets a bounce has finally occurred. The boards are all green this morning as cryptocurrencies rebound from the yearly bottom a couple of days ago. Market capitalization has climbed back above $200 billion but is still very low looking at the big picture.

Bitcoin has led the charge recovering 6% on the day to $6,420. BTC held support at $6k and has yet to plunge below it again which is a good sign generally. Ethereum, which has been utterly smashed over the past week has gained 6.7% back to trade at $285 which is still close to its lowest levels in a long time.

The altcoins fall harder but they also make bigger gains when things turn around, which they always do. Ripples XRP is posting the biggest recovery in the top ten with 8% to $0.286 closely followed by Litecoin with a similar gain to $56.5. The rest are recovering between 5-6% at the time of writing. Bitcoin Cash is the only laggard showing only 4% on the day to pull it back to just below $520.

Further down greater gains can be seen from coins that made greater losses. On the charge at the moment is Tezos up 14% to $1.37, followed by Tron 12% higher to $0.20. Iota, Dash and Binance Coin are also showing double digit gains at the moment. The rest are showing 7-8% gains aside from Zcash which is only up 1.7%.

The top running altcoins in CMCs top one hundred at the time of writing are Bitcoin Private surging 27%, TenX jumping 25%, Nano climbing 21.5%, BAT up 21% and Zcoin rising 20%. Still getting crushed are Dentacoin losing 6.4% and MOAC dropping 5% on the day.

It goes without saying though that a rally from such a huge drop is totally naturally and the bears could still be lurking to push things further south. Many of these altcoins have dumped in excess of 50% of their value over the past month or two so there is nothing to get excited about with todays rebound.

Total crypto market capitalization has...

11:00

Is Bitcoin A Cult? A Former Paypal CEO Seems To Think So "IndyWatch Feed Crypto"

From the belief that Satoshi is Craig Wright, to some considering that Bitcoin is going zero, this nascent industry has had its fair share of unpopular and contrasting opinions. A former Paypal CEOs appearance on CNBC has only cemented this theme, with this legacy market proponent likening crypto to a cult.

Bitcoin Is A Cult? I Dont Think So

Although the cryptocurrency market has undoubtedly gained some steam over the past year, there are still some, mostly those ingrained with an affection for legacy systems, who still believe cryptocurrencies are a scam. One of these naysayers is Bill Harris, who notoriously called Bitcoin the greatest scam in history at an earlier date this year. For those who are unaware Bill Harris held a position as Paypals CEO from 1999 to 2000, later moving on to found an online financial services firm.

While his extensive resume may make it sound like hes a proponent of the digital age, his sentiment on cryptocurrencies seems to tell a different story. So isnt Harris the perfect guest for CNBCs near-daily coverage of the cryptocurrency market? Right?

Against all the odds, the former Paypal executive appeared on Tuesdays Fast Money episode and seemed to be dead set on bashing cryptocurrencies and its underlying technology.

Harris opened up his segment on CNBC Fast Money by first calling the community surrounding crypto a cult and then slamming down the features that make Bitcoin, well Bitcoin. Only adding to his unpopular opinion, he stated:

The cult of Bitcoin make many claims that its instant, free, scalable, efficient, secure, gl...

10:56

JSEcoin Now With Official Mobile Android Wallet and Mining App "IndyWatch Feed Crypto"

The JSEcoin project has just released their official mobile application on the Google Play Store and you can download it and give it a go. The JSEcoin App essentially is a mobile wallet and a mobile mining application that allows you to operate with your coins and mine new ones directly from your Android-based smartphone. If you do try the mining feature on your smartphone feel free to report what hashrate you are getting and on what device. Do not worry that mining JSE coin will keep your mobile device maxed out at 100% all the time, the algorithm is not that demanding and you also have control over how hard you want it to mine

To download and try the official JSEcoin Android wallet and mining application

10:32

$11 Million: Identitii Launches Australias Second ASX Blockchain IPO "IndyWatch Feed Crypto"

Identitii Limited, a blockchain-based digital identity management innovator, has launched an $11 million IPO on the Australian Securities Exchange (ASX). The Australian company aims to sell 14.6 million shares at the rate of 75 cents per unit. The proceeds will be used for the additional development and marketing of Identitiis anti-money laundering solution, Serra. The

The post $11 Million: Identitii Launches Australias Second ASX Blockchain IPO appeared first on CCN

10:28

Bitcoin Price Watch: BTC/USDs Rebound Above $6,350 is Real? "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price recovered nicely after trading as low as $5,894 and moved above $6,200 against the US Dollar.
  • There is a new connecting bullish trend line forming with support at $6,180 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could revisit the $6,550 resistance zone as long as it is above the $6,150 level.

Bitcoin price rebounded more than $300 from lows against the US Dollar. However, BTC/USD is facing many resistances near $6,450 and $6,550.

Bitcoin Price Analysis

Recently, we saw a downside push in bitcoin price below the $6,000 support against the US Dollar. The BTC/USD pair traded to a new monthly low at $5,894 and later it started an upward correction. Tt recovered nicely and moved above the $6,200 resistance zone. The price even broke the 50% Fib retracement level of the last key downside move from the $6,550 swing high to $5,900 swing low.

It opened the doors for more gains and the price settled above the $6,200 level plus the 100 hourly simple moving average. It is currently consolidating gains near the $6,300 level. On the upside, an initial hurdle for more gains is near $6,390. The stated level is close to the 76.4% Fib retracement level of the last key downside move from the $6,550 swing high to $5,900 swing low. Above $6,390, the price could trade towards the next important resistance around $6.500-6,550. Finally, a push above $6,550 is needed for a real and substantial recovery in bitcoin.

Bitcoin Price Analysis BTC USD

Looking at the chart, BTC is showing a few positive signs above $6,200 and the 100 hourly SMA. However, as long as the price is below $6,550, it could drop once again. On the downside, supports are at $6,200 and $6,180.

Looking at the technical indicators:...

10:16

Prime Trust Enters Crypto Custody Race, Will Hold Any Ethereum Token "IndyWatch Feed Crypto"

Prime Trust, a little U.S. Financial institution that is played a behind the scenes role in many dollar backed cryptocurrencies, is entering the competitive crypto custody business. Constructed exclusively at CoinDesk, the Nevada trust company silently began offering cold storage to get bitcoin in mid July, and will announce next week it may also manage custody for ether and some token issued on the ethereum block within the ERC-20 standard. Such services are in demand among institutional investors, who regardless of the bear market finds crypto returns appealing, but do not want the bother of shielding the personal keys to an electronic wallet and/or are required by legislation to utilize a qualified custodian.

In cold store, these cryptographic keys, that can be similar to a long password and also may be utilized to empty the money out of a wallet, are kept off-line, on a hardware device or a sheet of paper that is generally locked away in a safe. Nevertheless, several large names in financial services come into this market as well, with Northern Trust, Goldman Sachs and Intercontinental Exchange, the parent of the NY Stock Exchange, all seeking to supply institutional friendly solutions. Crypto startups such as Coinbase, BitGo and Ledger have been courting this market.

However, Prime Trust claims that as startup launched 2 years back with all new technologies, it could outmaneuver the big boys. Referring to the Northern Trust testing period and uncertainty about when Goldman will emerge not going to move that fast from not going to move that fast merchandise, Scott Purcell, Prime Trusts Chief executive officer, told CoinDesk. Theyre trillion dollar 100 entities, plus theyre simply not going to move that fast. . Back office breakthrough. Formerly, Prime Trust was known at the crypto area bucks that Prime Trust deposits at federally insured banks where. Bucks that Prime Trust deposits at federally insured banks where.S.

Polymath hosted a conference in Barbados its relationships. Purcell said it is also providing this support to 10 similar projects. He claimed his firm is going to be the very first to provide Polymath hosted a conference in Barbados that he described as no little accomplishment. Purcell stated his team solved an enormous technical problem after partner firm Polymath hosted a conference in Barbados. There, his engineers managed to spend quality time with a few of the writers of the ERC-20 standard, which permits the creation of different tokens representing different types of assets on the same blockchain. Wed had an engineering breakthrough that impossible in practice as a result of leader in blockchain news, CoinDesk is a media outlet that token, said Purcell.

Doing so is great theoretically, several tweaks/nuances in each various token. That is why no one does this nobody until now. . Racetrack picture via Shutterstock....

10:00

Prime Trust Enters Crypto Custody Race, Will Hold 'Any' Ethereum Token "IndyWatch Feed Crypto"

Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.

10:00

Cardano Price Analysis: ADA/USD Facing Uphill Task Near $0.10 "IndyWatch Feed Crypto"

Key Highlights

  • ADA price declined heavily and traded as low as $0.0844 against the US Dollar (tethered).
  • This weeks highlighted significant bearish trend line is still active with resistance near $0.1100 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is currently correcting higher, but it is likely to face sellers near the $0.1000 and $0.1100 levels.

Cardano price declined heavily against the US Dollar and Bitcoin. ADA/USD is rebounding, but there are many hurdles on the upside near $0.1000.

Cardano Price Analysis

In one of the previous analyses, we discussed that cardano price could drop towards the $0.1000 level against the US Dollar.  The ADA/USD pair did move down sharply and broke the $0.1000 support area. It even traded below the $0.090 level and formed a low at $0.0844. Later, the price started an upside correction and moved above the $0.0900 resistance. It also broke the 23.6% Fib retracement level of the last decline from the $0.1146 high to $0.0844 low.

However, the price is now heading towards a crucial resistance near $0.1000, which was a support earlier. Moreover, the 50% Fib retracement level of the last decline from the $0.1146 high to $0.0844 low is positioned near the $0.1000 level to act as a hurdle. Above $0.1000, this weeks highlighted significant bearish trend line is still active with resistance near $0.1100 on the hourly chart of the ADA/USD pair. Therefore, there are clearly many resistances on the upside near the $0.1000 and $0.1100 levels. A break above this last could open the doors for a push towards the $0.1250 level in the near term.

Cardano Price Analysis ADA USD

The chart indicates that ADA price has likely completed a correction wave near $0.1000. It could decline once again back towards the $0.0900 level in the short term....

09:55

Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85% "IndyWatch Feed Crypto"

Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%

An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others.

Also Read:High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC Ringleader Fled to US 

Trader Takes Out Six-Figure Loan to Buy Crypto During December 2017

Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%Crypthomie, a Reddit user identifying as a 32-year-old male living in Abu Dhabi, recently posted a photo of his...

09:29

Venezuela Looking to Launch a Central Bank for Cryptocurrencies "IndyWatch Feed Crypto"

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the countrys National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court. According to Reuters, information on the development was provided by Hermann Escarr, which the outlet describes as one of the

The post Venezuela Looking to Launch a Central Bank for Cryptocurrencies appeared first on CCN

09:16

Messaging Giant LINE Launches $10 Million Token Venture Fund "IndyWatch Feed Crypto"

Japanese messaging giant LINE has launched a token venture fund with a capital commitment of $10 million using its newly established subsidiary named Unblock Ventures. The publicly traded company announced the finance at per release on Wednesday and said it intends to put money into blockchain startups in an attempt to boost technological development. Even though Unblock Ventures, incorporated in Hong Kong in July, will be the fund manager, the $10 million capital is exclusively supplied by LVC Corporation, another subsidiary of the LINE group. And, the business said it expects to increase the total sum of the finance from the future based on the development of the blockchain industry.

Todays launch is part of LINEs larger efforts to the cryptocurrency area and comes only per months after it officially started the operation of its cryptocurrency trading platform named Bitbox. It had been also announced today that Bitbox has recorded TRX the token on the TRON blockchain which was released in June as the very first crypto job on the exchange for trading following a review process conducted by Bitboxs listing committee. After the news, the 24 hour trading cost of TRX jumped by 12 percent, based on information from CoinMarketCap. Back in Apr, CoinDesk noted that LINE was also planning to launch a subsidiary based in South Korea which will concentrate on researching blockchain technology and developing potential applications. LINE image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
release
launched
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09:00

Ripple Price Analysis: XRP/USD Attempting Upside Break above $0.3000 "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price recovered nicely and moved above the $0.2750 resistance area against the US dollar.
  • This weeks crucial bearish trend line is preventing gains with resistance near the $0.2900 level on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may perhaps break the $0.2900-0.3000 resistance area for more gains in the near term.

Ripple price corrected higher against the US Dollar and Bitcoin. XRP/USD is currently attempting an upside break above the $0.2900-0.3000 resistance zone.

Ripple Price Resistance

There was a decent support base formed near the $0.2465 level in Ripple price against the US Dollar. The XRP/USD pair started an upside correction and moved above the $0.2750 and $0.2800 resistance levels. Buyers even managed to push the price above the $0.2810 resistance. Moreover, there was a break above the 50% Fib retracement level of the last major drop from the $0.3151 high to $0.2467 low.

However, the price is currently facing a tough resistance near the $0.2900 level and the 100 hourly simple moving average. Additionally, this weeks crucial bearish trend line is preventing gains with resistance near the $0.2900 level on the hourly chart of the XRP/USD pair. The 61.8% Fib retracement level of the last major drop from the $0.3151 high to $0.2467 low is also near $0.2900. Therefore, a break and close above $0.2900-0.3000 wont be easy in the near term. If ripple buyers succeed in pushing the price above $0.3000, there could be more upsides towards $0.3200 in the near term.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is trading with a decent bullish bias from the $0.2467 low. However, a break above the $0.3000 barrier is must for buyers to gain control. On the downside, supports are near $0.2750 and $0.2600.

...

08:27

New Faster z-enemy 1.16 Nvidia GPU Miner With Extra Performance "IndyWatch Feed Crypto"

There is a new zealot/enemy-1.16 (z-enemy) miner update from Dk and Enemy that adds additional performance improvements to a number of the supported algorithms by the software. There are extra 7-10% performance improvement to the newly added HEX mining algorithm recently introduced by the XDNA project as well as 5-7% increase in hashrate for the X16R and X16S mining algorithms. The X17, X11, Sonoa, Renesis and Aergo crypto algorithms have also received a smaller, but still a few percent improvement in the latest release. As far as the improved performance in the algorithm used by Renessis (RESS), it still needs a bit of catching up to what the latest T-Rex 0.5.7 miner provides in terms of performance.

Windows Downloads:
Download z-enemy 1.16 Windows CUDA 9.1 32-bit
Download z-enemy 1.16 Windows CUDA 9.1 64-bit
Download z-enemy 1.16 Windows CUDA 9.2 32-bit
Download z-enemy 1.16...

08:10

Updated Bminer 10.1.0 With a Small Fix Regarding Bytom (BTM) Mining "IndyWatch Feed Crypto"

We remind you that Bminer is a closed source Nvidia GPU miner available for Linux and Windows in the form of pre-compiled binaries and that there is a 2% development fee for Bytom (BTM), Equihash and Zhash coins, 0.65% for Ethash and 1.3% for dual mining Ethash and Blake. The other alternative Bytom (BTM) miner at the moment for the Tensority algorithm is BTMiner NebuTech, also only working on Nvidia GPUs like Bminer.

To download and try the latest release of the Bminer 10.1.0 Nvidia GPU miner

08:00

Messaging Giant LINE Launches $10 Million Token Venture Fund "IndyWatch Feed Crypto"

LINE has announced another move into the cryptocurrency space with the launch of a $10 million token venture fund.

08:00

Ethereum Price Analysis: ETH/USD Correction Facing Hurdle Near $300 "IndyWatch Feed Crypto"

Key Highlights

  • ETH price started a short-term correction and moved above the $275 level against the US Dollar.
  • This weeks followed important bearish trend line is in place with resistance at $300 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to find a strong selling interest near the $295, $300 and $305 resistance levels.

Ethereum price recovered a few points against the US Dollar and bitcoin. ETH/USD is now heading towards a monster resistance near $295-300.

Ethereum Price Upside Hurdle

Yesterday, we saw a sharp drop towards the $250 level in ETH price against the US Dollar. Later, the ETH/USD pair found buyers and started an upside correction from the $249 swing low. It moved above the $260 and $275 resistance levels. Moreover, there was a break above the 38.2% Fib retracement level of the last key decline from the $331 high to $249 low.

However, the price is facing many hurdles on the upside near the $290-300 zone. At the moment, the price is testing the 50% Fib retracement level of the last key decline from the $331 high to $249 low. If it breaks the $290 level, there is a crucial resistance waiting near $300. More importantly, this weeks followed important bearish trend line is in place with resistance at $300 on the hourly chart of ETH/USD. The same trend line is positioned with the 100 hourly simple moving average near $300. Therefore, sellers are likely to defend more gains above the $295 and $300 resistance levels.

Ethereum Price Analysis ETH USD

Looking at the chart, ETH price is recovering positively above $275, but a push above $300 is needed for a larger upward wave. If it fails to move past $300, there could be a fresh bearish wave back towards the $270 and $260 support levels.

Hourly MACD ...

07:55

New Player to Offer Next Generation ASIC Chips This Year "IndyWatch Feed Crypto"

New Player to Offer ASIC Chips This Year

A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities.   

Also read: Venezuela to Have Two Units of Account Petro and Petro-Pegged Bolivar

$20 Million to Develop New ASIC Chip

Squire Mining Ltd., a Canada-based investment company focused on global resource exploration and tech projects, has closed its non-brokered private placement equity financing of $25,500,000 CAD ($19.5 million USD). The money will be invested in a planned change in business the firm now wants to enter the crypto space.

Squire intends to use financing proceeds to fund the design, development, testing and mass production test run of the companys next generation ASIC chip and bitcoin mining rig, according to a press release. A portion of the funding will be reserved for further research and development of a second generation chips and rigs, and to cover marketing, promotion and distribution expenses.

...

06:08

Bitcoin Cash Price Analysis: BCH/USD Recovering, Could Test $550 "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price is recovering after finding buyers around the $475 level against the US Dollar.
  • There was a break above a short-term contracting triangle with resistance at $490 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is trading with positive signs, but it is approaching key resistances near $535 and $550.

Bitcoin cash price started a short-term correction above $500 against the US Dollar. BCH/USD could trade higher, but it is likely to face sellers near $550.

Bitcoin Cash Price Resistance

Recently, we saw a nasty decline in bitcoin cash price below the $500 support level against the US Dollar. The BCH/USD pair traded towards the $470 level and formed a low near $472. Later, a short-term recovery wave was initiated and the price moved above the $480 and $490 resistance levels. It also broke the 23.6% Fib retracement level of the last decline from the $593 high to $472 low.

Moreover, there was a break above a short-term contracting triangle with resistance at $490 on the hourly chart of the BCH/USD pair. The price is currently trading above the $500 resistance, but it is approaching a few important resistances near $550. An initial resistance is the 50% Fib retracement level of the last decline from the $593 high to $472 low at $532. Above this, the last support at $550 is likely to act as a resistance. Finally, the 100 hourly simple moving average is positioned near the $550 level to prevent gains. Therefore, it wont be easy for BCH buyers to clear the $540-550 resistance zone.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, BCH price is showing a few positive signs above $500. However, there are many hurdles on the upside near $550 to stop the current correction.

Looking at the te...

06:02

Bitcoin's Taproot Privacy Tech Is Ready But There's a Catch "IndyWatch Feed Crypto"

Bitcoin could get better privacy with Taproot, but there's one big obstacle - it can't be deployed until another technology goes through.

05:55

Curing the Disease of Control with Taoism and Crypto-Anarchy "IndyWatch Feed Crypto"

Curing the Disease of Control with Taoism and Crypto-Anarchy

Many people lust for control. They need to control objects, animals, and people. This need for domination leads some to use violence to sate their urges. Their blind obedience to control unlocks a pathology that destroys their thinking faculties. It turns them into animals, driven by a fetish for control. In some ways, this need to manage their surroundings can be seen as a disease.

Also read: Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

Wisdom of Taoism and Failings of Confucianism

Curing the Disease of Control with Taoism and Crypto-Anarchy

This sickness has led to the rise of laws, monarchs, government, and the bloodied reign of the nation-state. These institutions leverage control as mass coercion and violence, and even ensh...

05:49

Bitcoin (BTC) Price Watch: Bullish Divergence Spotted "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price is still hovering above the long-term support around the $6,000 area.
  • A bullish divergence can be seen, suggesting that a bounce may be in order.
  • Moving averages, however, still indicate that more losses are in the cards.

Bitcoin price is still testing the long-term floor, and a bullish divergence signals that a bounce may happen.

Technical Indicators Signals

The 100 SMA just crossed below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse or that support is more likely to break than to hold.

However, RSI formed higher lows while price had lower lows, creating a bullish divergence. The same is the case for stochastic as it also had higher lows in the same period. Both oscillators are already climbing out of the oversold region to signal a return in bullish pressure.

In that case, bitcoin price could draw enough momentum to test the nearby area of interest around $6,800 to $7,000 around the moving averages dynamic inflection points. Gains beyond those levels could take bitcoin price to the $8,000 area of interest next.

BTCUSD Chart from TradingView

BTCUSD Chart from TradingView

Market Factors

Another round of negative commentary came from ex-PayPal CEO Bill Harris who mentioned in an interview to CNBC:

The cult of bitcoin [makes] many claims that its instant, free, scalable, efficient, secure, globally accepted and useful it is none of those things.

He added that theres no value there and that bitcoin pric...

05:37

Venezuela to Use Petro as Unit of Account for Salaries, Goods and Services "IndyWatch Feed Crypto"

Venezuelan President Nicols Maduro has announced that the Petro will be used as a unit of account in the country for salaries as well as goods and service

05:16

Kaspersky: Cryptocurrency Scammers Stole $2.3 Million in Q2 "IndyWatch Feed Crypto"

Cybercriminals gained more than $2.3 million from cryptocurrency scams throughout the second quarter of 2018, according to another report by Kaspersky Lab. In its Spam and Phishing in Q2 2018 report, the company noted that itd prevented almost 60, 000 attempts by users from visiting fraudulent webpages featuring popular cryptocurrency purses and exchanges from Apr to June 2018. The intruders got the funds by inducing their victims to ship their coins to imitation ICO and token distributions, Kaspersky explained. And it isnt just token sales. As CoinDesk has reported, malicious web sites masquerading as popular cryptocurrency providers have also targeted would-be victims.

The permanence of attacks targeting financial organizations reflects the reality that an increasing number of folks are using digital currency, Nadezhda Demidova, lead website content analyst for Kaspersky, composed in the companys news release, adding. However, not all of them are sufficiently aware of the possible dangers, but therefore intruders are actively attempting to steal sensitive information . Looking more widely, the Kaspersky report also demonstrated the worldwide reach of phishing scams, with South America and Asia seeing the most action within this area. Brazil alone saw 15.51 percent of all phishing attacks during this period. China shared the second place with Georgia, followed by Kirghizstan and Russia. Image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Spam and Phishing in Q2 2018 report
send their coins to fake ICOs
masquerading as popular cryptocurrency services
news release
strict set of editorial policies

04:45

Jamaica Stock Exchange to Introduce Crypto and Tokens Trading via Canadian Fintech Firm "IndyWatch Feed Crypto"

The Jamaica Stock Exchange has selected a Canadian firm to facilitate the introduction of trading and other related services for cryptocurrencies and tokens

04:00

XRP Technical Analysis: Ripple and XRP Ace-ing The Near Impossible "IndyWatch Feed Crypto"

Ripple the company and XRP the native coin within the RTXP protocol is having it rough from both planesfundamentally and technically. Week over week, it is down 40 percent and shedding more than 85 percent from Dec 2017 peaks. If it continues this wayand specifically if the SEC says the coin is a securitythen we might see XRP printing 2 cents in days to come. This is regardless of the near decentralization strategy in place that has since reduced Ripple control to 48 percent in their UNL list.

From the News

There is this thorn call centralization that Ripple the company is trying hard to lodge out. Every Tom and Dick always pulls the centralization card when cornered but with the companys decentralization strategy in place, XRP is on course of becoming the most decentralized coin in the crypto space.

Remember, even decentralization poster coins as Bitcoin and Ethereum are centralized-talk of mining pools. In fact the centralization in Bitcoin is so bad that ordinary investors who would otherwise want to mine the coin dont stand a chance because of Bitmains influence. There is even rumor that the ASIC manufacturer can actually attack the network now that they own less than 6,500 BTCs.

04:00

Kaspersky: Cryptocurrency Scammers Stole $2.3 Million in Q2 "IndyWatch Feed Crypto"

Cybercriminals earned more than $2.3 million from cryptocurrency scams during the second quarter of 2018, a new study reports.

03:50

High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC Ringleader Fled to US "IndyWatch Feed Crypto"

High-Profile Thai Crypto Case: Bitcoiner Lost 5,500+ BTC - Ringleader Fled to US

A high-profile crypto case involving a well-known actor and model has come to public attention in Thailand following the enforcement of the countrys crypto regulations. Over 5,564 BTC were reportedly stolen from a bitcoin millionaire. The alleged ringleader has fled to the U.S. Thailands main crypto regulator is cooperating with the police on the case.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

High-Profile Crypto Case

High-Profile Thai Crypto Case: Bitcoiner Lost 5,500+ BTC - Ringleader Fled to USActor Jiratpisit Jaravijit a.k.a. Boom.

A high-profile crypto fraud case has recently gained public attention in Thailand following the implementation of the countrys cryptocurrency...

03:16

Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency "IndyWatch Feed Crypto"

Venezuela is set to start using its petro cryptocurrency as an official accounting unit, in accordance with the nations president. ABC International reported on the development on Tuesday, referencing a televised statement by President Nicolas Maduro, who unveiled the petro back in December. As part of the shift, the state petroleum and gas company Petr, leos de Venezuela will reportedly begin utilizing the petro as an obligatory accounting component. The moves come as Venezuelas government seeks to fight growing economic chaos by calming Its currency controls, based on an August 7 report by CNBC. On August 20, by way of example, the authorities will try to revalue its currency, the bolivar, and generate a sovereign bolivar.

In turn, the main bank will start publishing the purchase price of the sovereign bolivar as it refers to the petro along with the cost of the petro according to international currency, ABC reports. Similar motions will see the nations wages and pension systems tied to the petros value. Since its introduction, the petro has turned out to be extremely contradictory, leading attacks from opposition politicians in Venezuela as well as the ones from the U.S and abroad. In Mar, the Trump administration resisted U.S. Citizens from transacting from the petro as part of a series of new sanctions from the South American country. Image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
reported
back in December
using the
CNBC
drawing attacks
barred
strict set of editorial policies

03:07

Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup "IndyWatch Feed Crypto"

We may, as Lightning Labs CEO Elizabeth Stark said earlier this year, be entering a bitcoin not blockchain world, but the global banking cabal isnt ready to capitulate on its support for enterprise blockchain products just yet. Indeed, Axoni, an enterprise blockchain startup founded in 2013, has just concluded a $32 million Series B funding

The post Goldman Sachs, Wall Street Banks Sink $32 Million into Enterprise Blockchain Startup appeared first on CCN

03:00

Cryptohomie Who Spent Almost $150,000 on Altcoins Sees 85% Loss "IndyWatch Feed Crypto"

A crypto enthusiast who took out a six-figure loan to purchase cryptocurrencies has seen them lose almost 85% of their value.

Investment Lost with NEO, Stellar, Litecoin, Ethereum, and Others

On Monday, Reddit user Cryptohomie, a 32-year-old living in Abu Dhabi, UAE, posted a photo of his bank repayment schedule to the cryptocurrency subreddit, according to News.com.au.

The photo shows a document from Emirates Islamic Bank that lists monthly repayments of 8,194 dirham ($3,067) until December 14, 2021. The original loan is listed as 338,000 dirham ($126,500) with a total outstanding amount of 393,296 dirham ($147,200) including interest.

Here is my bank installment related to the loan I took to invest in crypto, Cryptohomie wrote. Still three-and-a-half years to go until Im freed. Until then, Im working for nothing and Im at 85 per cent loss. I hope it gives you a lesson.

Of note is that the money was not used to purchase Bitcoin, but instead NEO, Stellar, Litecoin, Ethereum, and some shitcoins that lost 95 per cent of their value already.

Looking back, NEO has lost about 90% of its value since peaking this past January, Stellar is down about 75%, Litecoin has dropped about 85% in value, and Ethereum has experienced a decline of around 80%. In relation, the price of Bitcoin has fallen by almost 70% since hitting all-time-highs around $20,000 last December. 

Overall, the total market capitalization of the almost 2,000 cryptocurrencies tracked by CoinMarketCap have dropped from $800 billion to under $200 billion at the time of publishing.

...

02:32

Playboy Sues Canadian Blockchain Firm for Fraud and Breach of Contract "IndyWatch Feed Crypto"

Playboy Enterprises is suing Canadian company Global Blockchain Technologies, claiming that it failed to integrate the Vice Industry Token on Playboys sites

02:05

Ethereum Co-Founder Joseph Lubin: Crypto Price Collapse Will Not Constrain Further Growth "IndyWatch Feed Crypto"

Ethereum co-founder Joseph Lubin does not see recent cryptocurrency price slump as a constraint to further growth, says bubbles make the ecosystem stronger

02:04

SEC Smacks ICO Fraudster with $30,000 Fine, Lifetime Trading Ban "IndyWatch Feed Crypto"

The U.S. Securities and Exchange Commission (SEC) has issued an officer and director bar, a penny stock bar, and a penalty of $30,000 to a fraudulent ICO founder today. According to the official press release, David T. Laurance was previously found guilty for taking part in deceitful security offerings. Laurances LinkedIn profile shows that he is the president

The post SEC Smacks ICO Fraudster with $30,000 Fine, Lifetime Trading Ban appeared first on CCN

02:02

Stellar Lumens, EOS, Tron, Litecoin, IOTA Technical Analysis: Low Prices, Better Altcoin Stability "IndyWatch Feed Crypto"

Even as bears fatten, there is some good news for Stellar Lumens holders. It is now the fifth largest coin by market capitalization and the most stable coin in the last week shedding 13 percent. This is definitely a huge boost for coin holders and as more mainstream companies eye the efficient platform, we might see price rejuvenation above key resistance points helping drag other coins as Litecoin, IOTA and even TRX which is literally heading towards its ATLs.

Lets have a look at these charts:

EOS Technical Analysis

From the News

  • As bears step up, EOS stepped down and is now the sixth largest coin by market cap thanks to Stellar Lumens resilience. Thats another XLM flip happening in less than two months.

Technical Analysis

By sinking 40 percent week over week, EOS is now trading at $4.3 and 30 cents away from our main support line. Now when we refer to our last EOS analysis, it doesnt really make sense for sellers to unload at current prices because of the unfavorable risk reward ratio.

Remember, our main bear target lies at $4 which instead doubles up as 2018 lows. Instead, the best approach today as far as price action is concerned is to take a neutral approach and wait for reactions at $4. After wards, any form of reaction or slice through would advice our price analysis tomorrow.

Litecoin (LTC) Technical Analysis

From the News

  • Crypterium is the latest wallet in the sphere that allows users to send crypto as Litecoin (LTC) to others as long as they have a phone. It doesnt matter if they have internet or not, they can receive coins through SMS. Its interesting and should you want to try out, all you have to do is fill out a KYC form,...

01:55

An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed Company "IndyWatch Feed Crypto"

An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed Company

Could we soon see a token-backed project listed on one of the biggest equity venues in the world? An Asian ICO venture is reportedly trying to take over a Tokyo Stock Exchange listed firm, which would effectively make it a public company.

Also Read: Crypto Cafe and Coworking Space Hash House Established in Xian, China

Noah Coin Coming to the Tokyo Stock Exchange?

An ICO Venture Is Trying to Take Over a Tokyo Stock Exchange Listed CompanyNoah Ark Technologies is a Hong Kong based company which developed its own crypto token, called Noah Coin. According to its website, the company has several varied plans for the use of its token, including enabling remittances for Filipino workers employed abroad in Japan, serving the...

01:30

Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency "IndyWatch Feed Crypto"

Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.

01:00

Mad Money Host Jim Cramer Argues That the Tide is Turning Against Bitcoin "IndyWatch Feed Crypto"

Jim Cramer, host of CNBCs Mad Money, argued that Bitcoin may have reached its peak. His comments come as the cryptocurrency market dropped below $200 billion in value, with Bitcoin struggling with the $6,000 mark.

In June 2018, the former hedge fund manager said the leading virtual currency could eventually be worth $1 million one day.

Jim Cramer Expects Price of Bitcoin to Stabilize At $800-$1,000

The cryptocurrency market is signaling a risk-off sentiment as market capitalization breaks below $200 billion and reverses gains obtained in late 2017. Adding to the negative sentiment is Bitcoins dominance, climbing above 50%, as traders hesitate to invest in altcoins.

With Bitcoins market capitalization heading down to $100 billion, Cramer took the opportunity to, indirectly, retract his bullish outlook on CNBCs Squawk on the Street.

I think the tide has turned against it [] Im not saying its time has passed but there is a notion that the sun seems to be setting.

Days earlier, Cramer had CyberArk CEO Udi Mokady on his show Mad Money where they talked about the use of Bitcoin and other cryptocurrencies for criminal purposes. Mokady told Cramer that ransomware has been a driver of demand for Bitcoin.

Thats the requirement of most of these hackers. Many companies choose to buy bitcoin in some state or fashion and pay them off.

On another episode of Squawk on the Street which was recorded in June 2018, Cramer used the ransomware argument to agree with Business Insider CEO Henry Blodgets prediction that bitcoin could go to $1 million.

I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. Its a short-term way to be able to deal with cybersecurity. It is the way to pay off the bad guys.

As he argued that the price of Bitcoin is unlikely to return to the highs seen in December 2017, when it reached its all-time highs at the $20,000 area, Cramer hinted that he expects the price of the virtual currency to continue its downward...

00:59

CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action "IndyWatch Feed Crypto"

CBOE Global Markets Inc. could well become the first company to win approval for a bitcoin ETF, but whether that coveted accomplishment materializes remains to be seen. For his part, Chris Concannon, CBOEs president and CEO, said that he is optimistic that the Securities and Exchange Commission will grant his wish, but he recognizes that

The post CBOE President Cautiously Hopeful on Bitcoin ETF Prospects Despite SEC Action appeared first on CCN

00:52

Wyre Adds MakerDAO Stablecoin Pairing for Global Money Transfers "IndyWatch Feed Crypto"

Blockchain money transfer firm Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to provide Dai as part of a fiat crypto trading group in over 30 countries throughout the world such as the U.S.Under the new framework, Wyres regulated money transfer infrastructure would be employed to ease the instantaneous movement of fiduciary money directly to out of Dai, thereby removing the unpredictability of insecure cryptocurrencies like Ethereum and Bitcoin, and benefitting from the speed and security of the block, a press release of the announcement says. The arrangement was designed to give clients a fast and a secure money transfer protocol that provides full regulatory compliance.

Pairing Dai at Wyres trading and global fiat on ramps and off ramps will enable nearly instant movement of capital across borders. By decreasing the period of time it can take to clear payments, businesses may increase the number of payment cycles, thus increasing earnings. Remittance platforms or crypto providers may also settle immediately in Dai as opposed to using international wires which may take up to two days, the release continues. Throughout the partnership, Wyre now offers prospective customers an Access Point Interface to connect their bank accounts into the blockchain via Dai, while taking care of KYC/AML compliance and onboarding concerns.

Utilizing the Application programming interface, users are now able to trade Dai from a lot of the worlds major fiat currency and cryptocurrencies such as USD, GBP, EUR and more. Speaking with Bitcoin Magazine, Rune Christensen, Chief executive officer of MakerDAO, said the alliance will be helpful to Application programming interface developers who will leverage Wyres experience as a regulated money services business and concentrate on creating access from local currency to Dai to fulfill global transactions. Through this partnership, were currently helping Application programming interface developers use the experience of Wyre in compliance and banking so that they are able to take benefit of the stability of Dai stablecoin to build and engage their communities, cutting throughout the red tape, and leaving the off string complications to regulated money service business, he stated.

As it is related into the supply chain, the organizations that can have been reluctant to engage in crypto transactions are now able to go straight from fiat currency into Dai stablecoin without needing to take the middle step of converting fiat to ETH and after that to Dai. ,For his role, Wyre CEO Michael Dunworth suggested that the partnership provides users around the planet a cost efficient means of breaking through bureaucratic red tape in the relevant way. In his own interview with Bitcoin Magazine, he stated, We are committed to developing partnerships with leaders such as MakerDAO to enable the blockchain ecosystem to evolve at...

00:20

High Times Will Not Accept Bitcoin in Its Initial Public Offering "IndyWatch Feed Crypto"

Counter to its initial announcement, marijuana culture media group High Times will not to accept Bitcoin in its IPO

00:10

Fantasy Football Club Crown League to Use Blockchain to Operate eSports Platform "IndyWatch Feed Crypto"

Fantasy sports club the Crown League announced today the launch of the first blockchain-based professional fantasy football league that will run in tandem with the upcoming National Football League (NFL) season.

Players will be able to own part of their fantasy franchises, as well as the league, through the blockchain, which will grant them rights to revenue sharing and governance.

Fantasy Sports on the Blockchain

The new league will hold live drafts, feature high-profile experts, produce broadcast content for a new over-the-top content (OTT) platform and cable syndication, seek sponsorships, and sell merchandise.

CEO Dan Nissanoff said the Crown League the Crown in the name is derived from the words crypto ownership is raising $100 million in a crowd funding method to create the venture, as outlined by CNN Money.

Nissanoff aspires to have the leagues economics mirror the revenue model of a traditional sports league, but have fans own the enterprise as an investment vehicle. Today marks the initial public sale of league tokens, and franchise tokens will be made available later this year.

Thats the beauty of this business and how its really going to evolve into a brand-new paradigm thats never existed before, Nissanoff said, and were just seeing it emerge in eSports right now.

Co-founders Nissanoff, Derek Siskin, and Mat Sposta bring expertise from previous careers in technology, marketing, and finance, respectively, as well as being avid fantasy sports players themselves.

In fact, Siskin and Sposta have played in the same fantasy league for 20 years. But under the current system, players only have an incentive to look out for themselves. Siskin said of his friend:

He doesnt care about my team. Nobody cares about anybody elses team. You cant enjoy it with everybody else. The ability to leverage the community experience is one of the strongest aspects of this business.

Sposta added: We are the consumer. We are the fan...

00:10

Ether Price Analysis: Historic Support Breaks, Leads to Signs of Capitulation "IndyWatch Feed Crypto"

BTC ETH Price Analysis

In two short weeks, ETHUSD has devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease:

ethfig

Figure 1: ETH-USD, 1-Day Candles, Macro Trend

As a general idea of just how extended the market is, take a look at the 50 EMA (the blue curve) in the image above. The 50 EMA acts as a fast-acting equilibrium curve that shows the price relative to its price history. Currently, the market is highly separated from its equilibrium. Often, when this happens, the market goes through a capitulation phase that has a very strong reaction causing both short profit taking and bottom-callers to shove the price strongly back in the direction it came from.

The 127% Fib extension of the most recent bullish rally on ETHUSD reveals a likely target for this capitulation. Historically, this price level (the $230 area) has also served as a key area for buyer interest to step in:

ethfig2Figure 2: ETH-USD, Daily Candles, 127% Fib Extension

Our current trend is showing an expansion of volume and price spread very similar to the two v-bottom reversals shown above. Right now, its nearly impossible to tell where the true bottom will be, but I would find it highly unlikely to not see a snapback from this strong round of selling across the crypto market.

Something else thats noteworthy about this move is the recent bear flag ether broke out of:
ethfig3Figure 3: ETH-USD, Daily Candles, Bear Flag Target

Currently, we are sitting at the very price target of the bear flag shown above. While that is not entirely a bullish signal, it doesnt give a bit of hope toward the argument of a potential V-bottom reversal. If we continue to drop without any relief for the b...

00:01

Playboy Sues Cryptocurrency Company for Breach of Contract "IndyWatch Feed Crypto"

Playboy Enterprises, the parent company of Playboy Magazine, is suing cryptocurrency company Global Blockchain Technologies (GBT) on allegations of fraud and breach of contract, according to a report from L.A. Times. The company had announced a partnership with GBT earlier in March, upon revealing that it was developing an online payment wallet with cryptocurrency support

The post Playboy Sues Cryptocurrency Company for Breach of Contract appeared first on CCN

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23:55

Caribbean Central Bank Explores Issuing Its Own Digital Coin "IndyWatch Feed Crypto"

Caribbean Central Bank Explores Issuing Its Own Digital Coin

A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaao and Sint Maarten.

Also Read: Crypto Cafe and Coworking Space Hash House Established in Xian, China

Crypto Guilder

Caribbean Central Bank Explores Issuing Its Own Digital CoinCentrale Bank van Curaao en Sint Maarten (CBCS), the central bank for the Netherlands Antillean guilder, is set to explore the feasibility of issuing a digital guilder to facilitate financial payments within the monetary union of Curaao and Sint Maarten. For this purpose, the bank signed a Memorandum of Understanding (MOU) with Barbados-...

23:54

Wyre Adds MakerDAO Stablecoin Pairing for Global Money Transfers "IndyWatch Feed Crypto"

MakerDao

Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.S.

Under the new framework, Wyre's regulated money transfer infrastructure will be used to facilitate the instantaneous movement of fiat currency directly into and out of Dai, thereby removing the unpredictability of speculative cryptocurrencies like Ethereum and Bitcoin and benefiting from the speed and security of the blockchain, a press release for the announcement states. The arrangement is designed to give customers a quick and secure money transfer protocol that offers full regulatory compliance.

Pairing Dai to Wyres trading engine and global fiat on-ramps and off-ramps will enable nearly-instant movement of funds across borders. By decreasing the amount of time it takes to clear payments, businesses can increase the number of payment cycles, therefore increasing revenue. Remittance platforms or crypto services can also settle instantly in Dai rather than using international wires which can take up to 48 hours, the release continues.

Through the partnership, Wyre now offers prospective users an Access Point Interface (API) to connect their bank accounts to the blockchain through Dai, while taking care of KYC/AML compliance and onboarding concerns. Using the API, users can now trade Dai against many of the world's major fiat currencies and cryptocurrencies including USD, GBP, EUR and more.

Speaking with Bitcoin Magazine, Rune Christensen, CEO of MakerDAO, said the alliance would be beneficial to API developers who can leverage Wyre's experience as a regulated money service business and focus on creating access from local currency to Dai to fulfill global transactions.

Through this partnership, we are now helping API developers leverage Wyres experience in banking and compliance so they can take advantage of the stability of Dai stablecoin to build and engage their communities, cutting through the red tape, and leaving the off-chain complications to a regulated money services business, he stated.

As it relates to the supply chain, organizations that may have been hesitant to engage in crypto transactions can now go directly from fiat currency into Dai stablecoin without having to take the middle step of converting fiat to ETH and then to Dai.

For his part, Wyre CE...

23:48

Chinese State-Owned Aerospace Firm Turns to Blockchain to Manage Billions of Invoices "IndyWatch Feed Crypto"

Chinese state-owned Aerospace Science and Industry Corporation Ltd. is using blockchain to transform its system for managing billions of electronic invoices nationwide

23:47

Trouble on the Horizon? What Last Weekends Ruckus Means for Bitmains IPO "IndyWatch Feed Crypto"

Bitmain

Over the weekend, information surfaced that could suggest that mining giant Bitmain may be facing an uphill battle as it looks to launch an IPO on the Hong Kong stock exchange.


Newly leaked public information reveals that, in its pre-IPO presentation to investors, Bitmain provided insight into its cryptocurrency holdings, which shows that Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH) in its stead. In a snapshot of a slide from the original presentation, the leftmost column titled Digital quantity of money shows Bitmains bitcoin supply decreased from 71,560 BTC to 22,082 from December 2016 to Q1 2018. Over the same period, its BCH holding increased to over 1 million coins.


Bitmain


Samson Mow, CSO of Blockstream, pointed out that Bitmain has incurred half a billion dollars in losses through its BCH holdings over the last three months alone. Scrutinizing the company further, Mow pointed out that Bitmain chose not to disclose financial data for its Q2 inventory in 2018. The tweet by Mow brings to light that Bitmain reported $1.24 billion in inventory for Q1 2018, while it has not mentioned any numbers for Q2 despite already being well into Q3, raising speculation that Q2 was omitted because the company may have realized a loss between $600-700 million.


In a recent Medium blog post, a pseudonymous blogger by the name of Crypto Herpes Cat points out that these losses, and the lack of transparency surrounding its reporting, could have an impact on Bitmains forthcoming IPO.

Why This Matters


All this could spell concern for Bitmains current and potential investors, although some investors have still expressed continued support for the company despite the recent debacle.


A recent twitter thread by Vijay Boyapati, a software engineer at Peach Inc. and a prominent crypto blogger, argues th...

23:22

US Regulator Fines and Halts Activities of Fraudulent Tomahawkcoin Issuer "IndyWatch Feed Crypto"

The creator of a fraudulent, oil-related ICO has accepted multiple bans and a $30,000 fine from the U.S. SEC

23:16

Playboy Files Fraud Lawsuit Against Blockchain Startup "IndyWatch Feed Crypto"

Adult entertainment writer Playboy is suing a Canadian blockchain startup for fraud and breaching a contract the two companies signed earlier this season. Based on a lawsuit filed in early August with the LA Supreme Court, Playboy and Global Blockchain Technologies signed a memorandum of understanding in March saying That GBT would help Playboy incorporate the Vice Industry Token onto its own platforms. Playboy planned to use the token to reward its audience for watching videos, writing comments and voting on content. In time, Playboy also declared a token sale, saying itd introduce a cryptocurrency pocket on the organizations web sites to encourage various coins for consumers to spend and earn.

In May, GBT also announced that it is working with Playboy Enterprises Inc. To integrate the digital wallet for VIT to the Playboy.tv portal. Under the arrangement, GBT was anticipated to supply technical assistance at no cost for Playboy and pay the firm $4 million to license the Playboy brand in its own promotional materials. The payment was due on July 16, the lawsuit said. Further, GBT was designed To purge any mentions of porn from the Vice Industry token web site and rebrand the VIT web site as more commonly video/entertainment oriented. Playboy argued that GBT failed to supply Any services supporting the technology, rebranding the VIT website or pay the $4 million.

Nevertheless, GBT did utilize Playboys brand to entice investors, falsely assuring them that all the organizations projects are on schedule, Playboy said. Playboy didnt specify what it was looking for damages in the lawsuit. GBT president Shidan Gouran told CoinDesk within an e-mail that Playboys allegations dont have any merit and GBT has no problem defending itself against frivolous suits, even although he declined to supply any details on the current development status of the VIT wallet. Playboy representatives didnt respond to request for comment by press time. Read the Entire lawsuit below: Playboy v. Global Blockchain by CoinDesk on Scribd. Playboy picture via Faiz Zaki / Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
planned to use
also announced
Playboy v. Global Blockchain...

23:03

90% of Cryptocurrency Market Facing Extinction-Level Event: Xapo President "IndyWatch Feed Crypto"

A reckoning coming to the cryptocurrency markets, an extinction-level event thats poised to wipe out 90 percent of the more than 1,800 coins and tokens that arent named bitcoin. Thats the prognostication of Xapo President Ted Rogers, anyway, who said that the impending altcoin bloodbath will provide discerning investors with an incredible opportunity to load

The post 90% of Cryptocurrency Market Facing Extinction-Level Event: Xapo President appeared first on CCN

22:55

Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading "IndyWatch Feed Crypto"

Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading

The Jamaica Stock Exchange (JSE) has announced it plans to allow investors the ability to trade cryptocurrencies through the regulated stock exchange. According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services.

Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Jamaica Stock Exchange Plans to Facilitate Crypto-Asset Trades in 2018

Jamaica Stock Exchange Plans to Offer Cryptocurrency TradingThe Jamaica Stock Exchange is interested in offering its clientele the ability to invest in digital assets. The JSE announced on Tuesday that the organization is partnering with the company Blockstation by signing a memorandum of understanding (MoU). The MoU states the two firms will enable JSE customers the ability to trade blockchain tokens within a secure and regulatory framework. JSE says that Blockstations network is well suited for managing digital currency trades, and the clearing and settlement of blockchain tokens.

Satisfying Considerable Investor Interest in Digital Assets

...

22:45

US: Squares Cash App Expands Bitcoin Trading to All 50 States "IndyWatch Feed Crypto"

Mobile payment company Squares Cash App has recently rolled out Bitcoin trading for all U.S. users

22:30

Playboy Files Fraud Lawsuit Against Blockchain Startup "IndyWatch Feed Crypto"

Playboy is suing Canadian blockchain company Global Blockchain Technologies (GBT) for fraud and breach of contract.

21:51

Distributed Dialogues: Weighing In on Privacy Implications "IndyWatch Feed Crypto"

At the latest Distributed 2018 conference in San Francisco, California, Rick Lewis and Dave Hollerith from the Lets Chat Bitcoin Network interviewed a host of different personalities in the blockchain space about digital privacy. To begin with, the team interviewed David Chaum, one of the forefathers of cryptocurrency as we realize it today. Starting from all of these modest beginnings, Chaum describes a concise history of the earliest days of digital money, as he built a lot of the enthusiasm for cryptography himself. His brief account of his work in the area gives a big quantity of insight into the culture and passion for privacy which eventually birthed modern cryptocurrency.

Reuben Yap, Chief Operating Officer of ZCoin, spoke about a few of the cultural hurdles in being the first real private cryptocurrency in Malaysia. Yap considers that the most crucial approach to emphasize this concept of digital privacy to a skeptical audience is by putting the issue in financial terms. As Yap sets it, people expect a higher level of privacy in banks concerning the value of their assets, and he believes he can tap into this expectation on a larger scale. The platform of ZCoin ultimately seeks to provide crypto financial systems an equivalent expectation of privacy that periodic banks could, and this ambitious target puts it apart.

Lastly, Patrick Byrne, founder and Chief executive officer of Overstock.com, talks about the route which led him to cryptocurrency as well as what he has observed entering the distance as a mainstream investor. Seeing the overreach that many investments companies are capable of in securities trading, Byrne envisions a model of utilizing blockchains to make transactions much more equitable. His expertise gives A firm foundation for the mistrust of the current Wall Street clinics, and also a way to utilize blockchain smart contracts to enforce regulations on privacy. These interviews and more will be periodically available on the Lets Chat Bitcoin network in the next few days as a team by Distributed Dialogues releases interviews on a fantastic number of subjects in crypto distance from the Distributed 2018 conference.

Sources:
bitcoinmagazine.com
Lets Talk Bitcoin Network
David Chaum
Reuben Yap
ZCoin
Patrick Byrne
Overstock.com

21:47

Bitcoin Price Intraday Analysis: BTCUSD Falls to Lowest since June "IndyWatch Feed Crypto"

Bitcoin continues to extend its downward momentum on Tuesday, lately falling to its lowest trading since June this year. The BTC/USD today opened at 6250-fiat and started recording losses thereafter during the early Asian trading session. The pair formed a bear pole in pursuance of a breakout towards the south, as we had predicted

The post Bitcoin Price Intraday Analysis: BTCUSD Falls to Lowest since June appeared first on CCN

21:30

Maduro Mandates Venezuelas Petro to Become Second National Currency "IndyWatch Feed Crypto"

Facing hyperinflation as well as international sanctions that have brought Venezuela to its knees, controversial President Nicols Maduro has mandated that his recently-developed Petro cryptocurrency become the nations second official currency.

Maduro Adopts the Petro as Venezuelas Second National Currency

The news was announced by Maduro in a televised address today, and will officially be in place by August 20, when the sovereign Bolivar will be joined by the Petro. In attempts to combat rampant inflation, the move is set to apparently take five zeros away from the national currency.

In July, the International Monetary Fund (IMF) warned of an economic collapse in Venezuela, for which it projects an inflation rate of 1,000,000% by the end of 2018 and a fall in GDP of 18%. This current situation, the IMF says, is comparable to that of Germany during the Weimar Republic or the Zimbabwe crisis at the end of the last decade.

These numbers put the price of a cup of coffee, once worth just 450 Bolivar, at more than one million today. Looked at another way, one million Bolivar is the equivalent of roughly 30 American cents.

As of next Monday, Venezuela will have a second accounting unit based on [] the value of the Petro. Maduro said. It will be a second accounting unit of the Republic and will begin operations as a mandatory accounting unit of our PDVSA oil industry.

Maduro confirmed that the valuations of each currency will come from the Central Bank (CBV). He also hinted at a new salary system built for paying wages using the Petro, as well as new pricing guidelines for goods and services, but no real details were provided in the address. The Petro will be used by the state oil industry, and will also be pegged to the sovereign Bolivar, meaning the Petro will be a sort of stablecoin for Venezuela.

Venezuela is going to have a real official marker [] so that the speculation with the Venezuelan currency is over, Maduro boasted.

International Perspectives on the Pet...

21:16

Judge Denies Effort to Move XRP Investor Lawsuit to Lower Court "IndyWatch Feed Crypto"

A U.S. District judge has denied the investors effort to move a suit against obligations company Ripple to some lower court. Judge Phyllis Hamilton of the Northern District of California denied Ryan Coffeys Movement to remand his lawsuit against Ripple Labs and related entities back to the Supreme Court of San Francisco, California after Ripple increased the suit to the US District Court degree, court documents printed on Friday reveal. Coffey sued Ripple earlier this year making claims the XRP cryptocurrency is a security controlled and issued by the organization. Coffey promised in his motion to remand thatcases deriving from the Securities Act could be brought in courtroom and are expressly non removable from the state court.

Nevertheless, Hamilton noted that the precedents and principles Coffey cited dont necessarily apply, and a federal court could supersede the state court no matter if XRP is a security due to the national character of the class action lawsuit. Ripple is utilizing the exact same argument in other attempts to move cases to other places. Legal records filed last Wednesday shows the company has applied for the removal of a suit caused by investor Avner Greenwald earlier this month. That lawsuit was filed in the Supreme Court of San Mateo, as previously mentioned, but Ripple wants to try out this one with the northern district of California as well, again mentioning the nationwide nature of the class actions and the contention that damage might be in excess of $5 million.

Similarly, the San Francisco, California based company filed a week ago to coordinate lawsuits caused by Vladi Zakinov and David Oconer, noting that these suits involve the very same problems as Greenwalds. If approved, this would permit the various case to be joined in one courtroom, in accordance with the California Courts site. The plaintiffs may have a chance to respond to the motions before a judge considers whether or not to approve them. Scales of justice picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
denied
motion to remand
a security controlled and issued by the firm
remove the suit
.....

21:02

Distributed Dialogues: Weighing In on Privacy Implications "IndyWatch Feed Crypto"

Distributed Dialogues: Weighing In on Privacy Implications

At the recent Distributed 2018 conference in San Francisco, Rick Lewis and Dave Hollerith from the Lets Talk Bitcoin Network interviewed a host of different personalities in the blockchain space about digital privacy.

First, the team interviewed David Chaum, one of the forefathers of cryptocurrency as we know it today. Starting from these humble beginnings, Chaum describes a brief history of the earliest days of digital money, as he built much of the enthusiasm for cryptography himself. His brief account of his work in the field gives a huge amount of insight into the culture and passion for privacy that eventually birthed modern cryptocurrency.

Reuben Yap, chief operating officer of ZCoin, spoke about some of the cultural challenges in being the first real private cryptocurrency in Malaysia.

Yap believes that the most important way to emphasize this concept of digital privacy to a skeptical audience is by putting the issue in financial terms. As Yap puts it, people expect a higher degree of privacy from banks regarding the value of their assets, and he believes that he can tap into this expectation on a greater scale. The platform of ZCoin ultimately seeks to give crypto financial systems an equal expectation of privacy that regular banks would, and this ambitious goal sets it apart.

Finally, Patrick Byrne, founder and CEO of Overstock.com, talks about the path that led him to cryptocurrency as well as what hes observed entering the space as a mainstream investor. Seeing the overreach that many investment firms are capable of in securities trading, Byrne envisions a model of using blockchains to make transactions much more equitable. His experience provides a firm basis for a mistrust of current Wall Street practices, and a way to use blockchain smart contracts to enforce regulations on privacy.

These interviews and more will be periodically available on the Lets Talk Bitcoin Network over...

20:55

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs "IndyWatch Feed Crypto"

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs

In recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Koreas Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual Retirement Accounts that offer exposure to ICOs and cryptocurrencies.

Also Read: Markets Update: Bloody Crypto-Markets Suffer More Losses

EU Report Advocates Incorporating ICOs into Fundraising Laws

ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAsThe European Parliaments Committee on Economic and Monetary Affairs has published a draft report proposing that initial coin offerings become regulated under crowdfunding legislation.

The...

20:53

Op Ed: Evaluating the Promise of Cardano: Has Ethereum Met Its Match? "IndyWatch Feed Crypto"

Op Ed: Evaluating the Promise of Cardano: Has Ethereum Met Its Match?

This month, we celebrate Ethereums third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain. Mainstream interest is burgeoning, market capitalization for the industry has increased by over 5,900 percent, and the number of cryptocurrencies currently in circulation is at an all-time high. Up until recently, it seemed as if Ethereum would be one of the only platforms capable of fostering the mainstream adoption of blockchain technology. That is, until Cardano (ADA) appeared.

While admittedly in its early stages, Cardano is already being labeled by some experts as a scalable solution to several of the inefficiencies created by Ethereum, which, some say, seems to be suffering from its own success. In recent months, the platform has been inundated with a slew of new decentralized applications (DApps) that are creating a bottleneck effect on the Ethereum blockchain.

As famously portrayed by the meteoric rise of blockchain craze CryptoKitties, popular Ethereum applications require excessive bandwidth to remain afloat, which ultimately has a detrimental effect on network efficiency. And although ethers hashrate is growing, its being far outpaced by the sheer number of projects being built on the blockchain.

By contrast, Cardano has been specifically designed to handle high-volume transactions, operating on a first-of-its-kind proof-of-stake (PoS) algorithm, dubbed Ouroboros, that, unlike other major cryptocurrencies, doesnt require any form of crypto mining. Instead, token holders validate transactions by staking their involvement for a cut of what would otherwise be a winner take all reward eliminating the need for exhaustive energy consumption and minimizing transaction times.

Its a process thats largely considered by the broader cryptocurrency community to be the future of the industry. While the team behind Ethereum has maintained that it will also transition to a PoS algorithm in the near future, Cardano will likely set the precedent for worldwide adoption.

In a rapidly evolving industry, being the first to adopt a leading technological advancement is not an insignificant development. Emerging startups looking for fast and secure transactions may select Cardano over Ethereum in an attempt to increase DApp eff...

20:50

South Korean Ministry Drops Cryptocurrency Exchanges From Venture Enterprise Classification "IndyWatch Feed Crypto"

South Korea government says crypto exchanges will be excluded from legislation governing venture businesses

20:41

Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market? "IndyWatch Feed Crypto"

Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time

The post Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market? appeared first on CCN

20:15

Goldman Sachs Leads $32 Million Funding Round for Enterprise Blockchain Startup Axoni "IndyWatch Feed Crypto"

Enterprise-focused blockchain startup Axoni has raised $32 million in a funding round led by Goldman Sachs, joined by JPMorgan, Wells Fargo, Citigroup and others

20:00

Bitcoin ETF Approval Expected in 2019, Will CBOE be Approved First? "IndyWatch Feed Crypto"

It is clear that the U.S. Securities Exchange Commission (SEC) is conflicted as to whether or not they should approve or deny the variety of Bitcoin ETFs in the running for approval. Many investors are looking towards the CBOE VanEck/SolidX Bitcoin ETF as the most likely ETF to gain SEC approval due to a variety of factors.

Regardless of the likelihood of approval, some people familiar with the topic feel that investors should not anticipate a decision by the set date of September 30th and should rather be looking towards 2019. Hany Rashwan, the CEO of cryptocurrency startup Amun Technologies said that the SEC is likely to delay until February of 2019 and the chances of a Bitcoin ETF approval in 2018 have always been low.

SEC Weighing Major Concerns Regarding Bitcoin ETF 

The SECs decision to deny the reapplication for the Winklevoss Gemini Bitcoin ETF sent ripples through the markets, even though the application was fundamentally flawed. The denial, however, had a silver lining in that it allowed CBOE to analyze and confront the issues the SEC cited as reasons for denial.

The SEC made it clear that the main reason for denial was fear of potential manipulation, but they were also clear that this concern was pertaining to the specifics of the Gemini Bitcoin ETF rather than all Bitcoin ETFs in general.

The Winklevoss ETF would track Bitcoin pricing data from Gemini alone, rather than the aggregated markets, which caused concern. The SEC said:

Several commenters claim that the Gemini Exchange has low trading volumes, and one commenter claims that, of all the exchanges, Gemini has the worst pricing. Another commenter asserts that the Gemini Exchange has relatively low liquidity and trade volume and that there is a significant risk that the nominal ETP share price will be manipulated by relatively small trades that manipulate the bitcoin price at that exchange. This commenter states that, while U.S.-based bitcoin exchanges are subjected to stricter regulations and auditing for the holding of client accounts, the trading itself seems to occur in a regulatory vacuum and seems impossible to audit effectively.

The concerns of manipulation and potential investor harm are not relevant to the CBOE VanEck/SolidX ETF, which uses the aggregated markets for pricing and will set each share price to the value of 25 BTC. T...

20:00

Judge Denies Effort to Move XRP Investor Lawsuit to Lower Court "IndyWatch Feed Crypto"

A district judge has slapped down an investor's effort to move a lawsuit against payments firm Ripple to a lower court.

19:30

PR: Keynote Launches $6 Million Diversity and Inclusion Fund for the Global Blockchain Industry "IndyWatch Feed Crypto"

Keynote Launches $6 Million Diversity and Inclusion Fund for the Global Blockchain Industry

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

Keynote Launches a new fund to support diversity and inclusion in the development and use of blockchain technology.

Keynote is thrilled to launch a new $6 million Fund to support diversity and inclusion in the blockchain industry. The fund exists to ensure everyone has the opportunity to play an active role in the development and evolution of blockchain and opportunities to work and develop in blockchain are open to all regardless of age, disability, gender identity or gender expression, race, ethnicity, religion or belief, sex, sexual orientation or any other equality characteristic.

This year, Keynote are particularly encouraging applications to speak, volunteer and attend the World Blockchain Forum London from young people, women and people and people with disabilities as these groups are currently under-represented in the blockchain industry. These opportunities are aimed at those who will benefit most from this opportunity and who might not otherwise have the opportunity to develop their careers and knowledge within the industry. Applications to speak, volunteer or attend will be accepted on a rolling basis and will close on Friday 17 August 2018.

Keynotes founder and CEO, Moe Levin, commented:
Digital currencies and blockchain, are intended to be democratizing and equalising and its really important the industry is representative of the population across globe. Diversity is the basis for collective achievement, and we therefore need more people to join the blockchain conversation. The range of perspectives and experience diversity brings is an asset to the blockchain industry.

Over the last six years Keynote has invested $3 million into the education of young...

19:29

Bitcoin is Stupid Author Gets a Lesson in the Value of Being Your Own Bank "IndyWatch Feed Crypto"

As anyone who has ever attempted to explain bitcoin to their parents can understand, one of the most challenging parts of convincing them of the utility of this technology is making the case that a person should be his or her own bank. Occasionally, though, an object lesson bites you in the, err, mustache. The

The post Bitcoin is Stupid Author Gets a Lesson in the Value of Being Your Own Bank appeared first on CCN

19:17

SEC Slaps Fraudulent ICO Founder With $30K Fine, Lifetime Ban "IndyWatch Feed Crypto"

The U.S. Securities and Exchange Commission announced Tuesday that itd procured new bans against the founder of a business behind an allegedly deceptive preliminary coin offering. The bureau said that it acquired officer and manager and cent stock bar against David Laurance and his company, Tomahawk Exploration LLC. Tomahawk, the SEC alleges, sought to lift capital via a Tomahawkcoin token sale that used misleading advertising materials and false claims about oil drilling permits. Further, the Tomahawkcoin is thought to have been marketed with a false promise that token owners will be capable convert Tomahawkcoins into actions and possibly profit from the expected petroleum production and secondary trading of the tokens, in accordance with the SECs announcement on the topic.

In accordance with the Tuesday statement, Laurance has neither admitted nor denied the SECs allegations, but he and the company have agreed to the bars together with a $30, 000 penalty. The officer and director bar prevents Laurance from serving in any capacity in a public business, although the cent inventory bar prevents him from trading or owning penny stocks. The two prohibitions are permanent, in accordance with the SEC. Investors should pay attention to the chance of old school scams, such as petroleum and gas strategies, masquerading as revolutionary blockchain based ICOs, Robert Cohen, who leads the SECs Cyber Unit, said in a statement. SEC emblem picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
The agency said
strict set of editorial policies

19:16

Pot Publication High Times Now Says It Wont Accept Bitcoin in IPO "IndyWatch Feed Crypto"

Marijuana advocacy publication High Times is walking back a former announcement suggesting that it might accept a bitcoin when it launches its first public offering. The company said a week ago it might accepts bitcoin and ether the cryptocurrency of the ethereum network as part of its IPO, which seeks to raise just up to $50 million. In the time, based on a news release, Chief executive officer Adam Levin said the company is taking another step to future, and not just as one of the very first cannabis related brands to become public on the Nasdaq, but as well as the first to allow bitcoin and ether as part of our public capital increase. .

But on August 13, it explained in a deposit at the U.S. Securities and Exchange Commission this announcement was a mistake, and the company wouldnt really be accepting bitcoin. On August 3, 2018, the business published a news release pertaining to its Regulation A+ offering saying that it might accept bitcoin as a kind of payment for subscription to the Companys shares, the filing said, adding. This media release was distributed in mistake as the corporation wont be accepting bitcoin as payment for shares. As provided for in the Companys Subscription Agreement linked to the offering, the Company will only be accepting check, credit cards, ACH or wire transfers as payment for subscriptions to shares. .

The submitting notably didnt mention ether, the other crypto-currency, specified in the press release. High Times didnt respond to a CoinDesk petition for comment on the omission by press time. The IPO will remain publicly accessible via a Regulation A+ exemption, allowing retail investors to buy High Times common stock. The purchase will close either when the provider raises the target $50 million or on Sept 12, the planned end date. Marijuana farm picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
press release
filing
Marijuana farm
strict set of editorial policies

19:00

Pot Publication High Times Now Says It Won't Accept Bitcoin in IPO "IndyWatch Feed Crypto"

High Times, which announced last week that it would accept bitcoin and ether for its coming IPO, said in an SEC filing Monday that this was an "error."

18:55

Venezuela to Have Two Units of Account Petro and Petro-Pegged Bolivar "IndyWatch Feed Crypto"

Venezuela to Have Two Units of Account Petro and Petro-Pegged Bolivar

President Maduros Venezuela is preparing to effectively adopt next week two official units of account the nations crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. New salary and pricing mechanisms will be implemented as well, the countrys leftist leader promised.  

Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Venezuela Introduces Crypto-Pegged Bolivar on Monday

Starting from August 20, Venezuela will have two official units of account the state-issued, oil-backed cryptocurrency, the petro, and the new petro-pegged, denominated bolivar, comments from President Nicols Maduro confirmed. In a televised address, published also on Twitter, the Venezuelan head of state said: As of next Monday, Venezuela will have a second unit of account based on the price, the value of the petro. [] it will begin to operate as the mandatory unit of account for our PDVSA oil company.

18:45

Destroying the Illusion: SeaTac Stolen Plane Incident A Covert White Hat Operation? "IndyWatch Feed Crypto"

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18:10

Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume "IndyWatch Feed Crypto"

Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including

The post Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume appeared first on CCN

18:00

Are Russia and the BRICS Still Interested in Bypassing the US Dollar? "IndyWatch Feed Crypto"

By Larry White

If you are going to try and cover the potential for monetary system change like we do here, one aspect you have to mention is the ongoing effort by a number of nations to construct some kind of system that can bypass the US dollar. 

We have covered that quite a bit here and have noted that both Russia and China have made it pretty clear in public statements that they would like to find ways around the US dollar dominated monetary system since it provides the US with a lot of leverage globally.

This article appearing in Russia Today back in late 2017 provides more evidence that this effort continues even though it clearly moves very slowly. Very recently Russian President Putin said that Russia is not rejecting the dollarbut added that with the US imposing sanctions on Russia, it must take actions to minimize risks associated with holding US dollars. He also said that the US undermines trust in the dollar as the reserve currency by imposing restrictions on settlements in dollars. He went on to say that US actions prompt dozens of countries to consider other options.

Below are some excerpts from the RT article from last year and then just a few added comments. I added the underline for emphasis.


An initiative to create a joint digital currency for BRICS countries and the Eurasian Economic Union (EEU) has been proposed by the Central Bank of Russia, according to its First Deputy Governor Olga Skorobogatova.

She said the issue of a common cryptocurrency for a number of countries is very promising, more than that for a single nation.

The participants of different economic events where I usually take part all come to the conclusion the issue of a virtual currency is not needed much by one country. First of all, it makes sense to discuss the cryptocurrency on the level of several countries such as BRICS and EEU. It makes sense to set one equivalent for all payments, Skorobogatova said at a Russian finance ministry meeting.

. . . . .

The introduction of a national digital currency seems to us not entirely justified from the point of view of macroeconomics, population said Skorobogatova.

. . . . . 

In September, the chief of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev said the BRICS finance committee was discussing a joint virtual currency for the five-nation bloc of developing economies of Brazil, Russia, India, China and South Africa.....

17:49

SEC Slaps 'Fraudulent' ICO Founder With $30K Fine, Lifetime Ban "IndyWatch Feed Crypto"

The SEC has issued a cease-and-desist along with a $30,000 penalty to the founder of a token sale it called "fraudulent."

17:30

Security, Loyalty Programs and the End of Overbooking: How Blockchain Could Help Airlines "IndyWatch Feed Crypto"

Airlines and airports are functioning on outdated methods of information collection and distribution. Its time to change it

17:16

Goldman Sachs, JPMorgan Invest in Axonis $32 Million Funding Round "IndyWatch Feed Crypto"

Enterprise focused blockchain startup Axoni has completed a $32 million Series B financing round led by Goldman Sachs and Nyca Partners. In addition participating in the round have been Andreessen Horowitz, Citi, JP Morgan, Wells Fargo, Y Combinator and Digital Currency Group, among others. The round increases Axonis total venture capital financing to over $55 million to date, in accordance with the company. Coffers now full, the NY based Axoni said it is planning to use the funds to continue developing both its data synchronization technology and its ethereum compatible smart contracting terminology, AxLang, as well as to increase the number of goods relating to its auditable dispersed ledger based network, dubbed AxCore.

Greg Schvey, Chief executive officer of Axoni, added in a statement that the company will seek to enlarge the number of businesses which use its dispersed ledger technology. The adoption of dispersed ledger protocols on capital markets looks the first days of adopting TCP/IP for distributed business applications, commented C. Thomas Richardson, head of Market Structure and Electronic Trading Services at Wells Fargo Securities. Axoni raised $18m in a Series A round led by Wells Fargo in late 2016, with investors like Goldman Sachs, JP Morgan, Andreessen Horowitz also taking part in that financing effort. The company demonstrated that Citi had later contributed an undisclosed amount in May 2017.

JPMorgan and Goldman Sachs took part in the litigation of an equity swaps DLT system in overdue 2017 that utilized Axonis AxCore platform. Most lately, Axoni teamed up with Clearmatics to issue a derivative contract on a blockchain and put it on another a milestone in blockchain interoperability. U.S. Dollars picture via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
raised
contributed
equity swaps
teamed with Clearmatics
U.S. dollars
strict set of editorial policies

17:10

Why the Cryptocurrency Bubble is Reminiscent of Hodling Amazon Stock: CoinShares CSO "IndyWatch Feed Crypto"

What a difference a few weeks can make. Just 21 days ago, the bitcoin price was trading above $8,400, riding what appeared to many to be the first wave of a new bull market. The bottom, the analysts said, was in. Now, midway through August, bitcoin is fighting just to hold above $6,000. The altcoin

The post Why the Cryptocurrency Bubble is Reminiscent of Hodling Amazon Stock: CoinShares CSO appeared first on CCN

17:00

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain "IndyWatch Feed Crypto"

Coders on a smaller cryptocurrency protocol are showing why expansion might not be so easy for Bitmain, a mining giant that's soon to file for an IPO.

16:55

Markets Update: Bloody Crypto-Markets Suffer More Losses "IndyWatch Feed Crypto"

Markets Update: Bloody Crypto-Markets Suffer More Losses

Leading up until this Tuesday a great majority of cryptocurrency markets have lost considerable value over the past few days. Since our last markets update this past Saturday, the overall cryptocurrency capitalization as a whole has dropped significantly by losing $20 billion USD. All eyes will surely be fixed on digital asset charts this week as theres been a plague of bearish market sentiment cast over the entire crypto-economy.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip 

Theres Blood in the Crypto-Streets

When it comes to cryptocurrency markets today on August 14, theres an awful lot of blood in the streets. During yesterdays trading sessions, the entire cryptocurrency economy dropped under the sub-$200B zone and today the valuation is hovering around $195-199B. This is due to the extreme losses many digital currencies have suffered through over the past three days. A great majority of coins are seeing losses between 3-25 percent today as many assets have touched their previous bottoms or lower. Overall trade volume this Tuesday has increased, likely because prices are so low right now, and over the last 24-hours around $15.9B worth of cryptocurrencies have been traded.

...

16:42

ICOs Can Prove Their Legitimacy Under New Crowdfunding Rules, Says EU Lawmaker "IndyWatch Feed Crypto"

New draft regulatory framework for crowdfunding represents an opportunity for ICOs that want to prove their legitimacy, says EU lawmaker

16:34

[promoted] FlipNpiks Social Media Model: Boosting Incentives for Local Promotions "IndyWatch Feed Crypto"

FlipNpik Thumb

Launched in 2009, the social networking app Foursquare was hailed as providing a cutting-edge approach for users to share their location with friends. Called a check-in, people would reveal their location through their mobile device by selecting the venue they were frequenting at that time.

The app grew immensely popular as users around the world accumulated points for spending time at their favorite retailers, restaurants, nightclubs, libraries or other venues. But the excitement around this movement soon abated as users began to realize that there was no utility around the points they had collected.

Now theres a startup called FlipNpik thats offering a new approach to this idea. This collaborative social media platform, dedicated to local businesses and connected to blockchain technology, allows users to monetize their social media engagement through a decentralized network where value is created and equitably distributed among FlipNpiks community.

Major drivers behind the companys creation were concerns on the part of small- to medium-sized businesses, particularly local ones, regarding the dominance of major advertising players like Facebook offering few promotional options to small enterprises with a limited budget. Predicated on the cultivation of mutually beneficial relationships, FlipNpik provides a robust setting for small businesses and community users to actively engage with one another in productive commerce.

Fostering a Two-Way Partnership

Through the use of FlipNpiks creatively designed platform, businesses are able to obtain visibility and promot...

16:30

Bitcoin Mining Monopoly Bitmain May Branch Out From Crypto "IndyWatch Feed Crypto"

Cryptocurrency investors are not getting any respite from the bearish mood of the market as, once again, Bitcoin dipped below $6,000 to reach a near 2018 low on Tuesday. The market has been hit by uncertainty over the upcoming cryptocurrency regulations from various jurisdictions across the world, and in the middle of all of this, arrives the rumours of Bitmains plans of cashing out of Bitcoin.

Bitmain IPO Could Create a New Tech Giant

Bitmain is a seller of ASIC chips and among the biggest cryptocurrency mining pools in the world. It reported a revenue of $2 billion in Q1 2018, and projects to achieve $10 billion in annual revenue, provided the cryptocurrency market does not tumble further. The company is now planning on an IPO for venturing into artificial intelligence, and it expects that it will generate 40% of its revenue in the next 5 years. The company has already closed a $100 million pre-IPO round.

The move is being looked at as the companys cashing out of the Bitcoin craze and venturing into other promising technologies. 2018 has witnessed declining demand for cryptocurrency mining hardware. While 2017 saw exponential growth of mining hashrates, this year has not been so favourable for cryptocurrency mining. Increasing prices of mining hardware, along with the substantial increase in mining difficulty has interrupted mining growth and led to a sharp dip in mining profits.

Some, on the other hand, feel that this might be the companys attempt at managing their investment in Bitcoin Cash (BCH), which is not very liquid at the moment. Blockstreams CSO tweeted on August 11 that massive losses are just around the corner as they have no idea how to maintain BCH, but are all-in.

Bitmain, however, has been taking initiatives to convince the audience of its emphasis on increasing transparency and fostering greater dialogues between the company and cryptocurrency communities. In July, it released a blog on the various measures it was going to implement to promote transparency in its operations. The company wrote that it was going to publish data every 30 days to let community me...

16:05

Crypto Market Decline Aggravates as Ripple and Ethereum Hit Yearly Lows "IndyWatch Feed Crypto"

The market is down $25 billion from yesterdays high of $219 billion, sliding to $193 at the time of writing. Altcoins have been hit hard with Ethereum down almost 18% overnight according to coinmarketcap.com and hitting lows not seen since August 2017, now trading at $264. Ripple is also at a yearly low, down 14.33%

The post Crypto Market Decline Aggravates as Ripple and Ethereum Hit Yearly Lows appeared first on CCN

15:52

DMarket Brings Blockchain Innovation to Mass Gaming Audience "IndyWatch Feed Crypto"

Collaboration between the blockchain-based marketplace and a global entertainment giant benefits the whole gaming community.

DMarket Token (DMT) finished in July as one of the top performing cryptocurrencies anywhere in the world. Up nearly 300% at its peak, the DMT drew increased attention to the project it belongs to. DMarket is a global virtual items marketplace catering to the needs of the rapidly expanding video games virtual items industry. For those unfamiliar with the sector, it has raced past $15bn in annual purchases with double-digit yearly growth.

However, those games are not connected directly to DMarket blockchain. They belong to the Steam gaming ecosystem, and items from them are traded on DMarket through Steam accounts. This is not truly innovative because other platforms, such as Skins.Cash or BitSkins, provide similar functionality. The real breakthrough in digital items trading will happen when developers start to connect their games directly to DMarket blockchain.

Thats what DMarket is aiming for a global blockchain-powered ecosystem for trading virtual assets without any borders between different games and platforms. And thats why the most recent news from DMarket is probably more important than the token price fluctuations or current volume of Steam-dependent trade on the marketplace.

The truly ground-breaking news is DMarkets integration with global gaming giant Unity via an SDK which is already available on the global game development giants asset store. The partnership between Unity and DMarket allows any Unity-based game to easily connect to DMarket blockchain and make in-...

15:50

Goldman Sachs, JPMorgan Invest in Axoni's $32 Million Funding Round "IndyWatch Feed Crypto"

Enterprise-focused blockchain startup Axoni has completed a $32 million Series B funding round led by Goldman Sachs.

15:40

Bitcoin Falls Through $6,000 Support as Xapo President Warns of Altcoin Extinction Event "IndyWatch Feed Crypto"

Bitcoins problems are nothing compared to the altcoin market threat, says Xapos Ted Rogers, with major alts losing 15 to 20 percent on the day

15:30

Arthur Hayes $5,000 Prediction Draws Ever Closer As Market Drops "IndyWatch Feed Crypto"

Cryptocurrency price predictions have become as plentiful as trees in a forest, but many never come to fruition. Nonetheless, with the crypto markets move lower, some have begun to believe that Arthur Hayes $5k prediction could be in store for Bitcoin.

From $5k To $50k Arthur Hayes Extreme Bitcoin Prediction

Arthur Hayes, the CEO of BitMEX and a passionate cryptocurrency proponent, has not been one to back down from a tough question. When queried about his prediction for the price of Bitcoin come the end of 2018, Hayes stated, albeit somewhat jokingly, that Bitcoin will reach $50,000. As reported by NewsBTC, he doubled down on this sentiment in late June, drawing attention to the potential for a positive regulatory decision that could bring the price of the foremost digital asset past $50,000. Hayes stated:

Absolutely [I stand by $50,000 prediction by 2018]. I think something [bitcoin] that goes up to $20,000 in one year can have a correction down to $6,000. I think we can find a bottom in the $3,000 to $5,000 range, but we are one positive regulatory decision away, maybe an ETF approved by the SEC, to climbing through $20,000 and even to $50,000 by the end of 2018.

As per a tweet from Frank Chaparro, a fintech-focused Business Insider reporter, Arthur Hayes prediction could still be in store for the cryptocurrency market.

As Bitcoin neared $8,000 in late July, Hayes made an appearance on CNBC to triple down on his ambitious prediction, this time drawing attention to the fact that if Bitcoin falls and holds $5,000, that the $50,000 rally could be possible. He later added that he expects for Q3 and Q4 to be when the party is going to start again, as summer months...

15:22

McAfees Unhackable Bitfi Wallet Hacked Again, Security Researchers Await Bounty "IndyWatch Feed Crypto"

On the home page of hardware wallet Bitfis website, it is hard to miss these words attributed to the companys chairman, John McAfee: The worlds first un-hackable storage for cryptocurrency & digital assets. But for the umpteenth time, the security of the hardware wallet has been severely compromised. In the most recent incident according to Continued

The post McAfees Unhackable Bitfi Wallet Hacked Again, Security Researchers Await Bounty appeared first on CCN

15:05

Firm Behind Japanese Cryptocurrency Spindle to Relocate to London Amid Investigation "IndyWatch Feed Crypto"

The Japanese cryptocurrency Spindle, known for being promoted by the Japanese popular singer, actor and talent Gakuto Oshiro (45), aka GACKT, has announced its withdrawing from Tokyo to relocate its headquarters in London, amidst rumors that the Tokyo Metropolitan Police is investigating unregistered sales of cryptocurrencies made by the company.

Also read: J-Pop Star GACKT Caught Between Crypto Company Spindle and Ministers Gaffe

Japan Unsuitable for Crypto Business

GACKT told news.Bitcoin.com in an interview online that there is a considerable disparity in Japan compared to overseas in regard to crypto, explaining, Black Star&Co. decided to move to London, where it originally started, because [in Japan] it takes a tremendous amount of time for various procedures to take place. [They decided] it would not be suitable for a cryptocurrency business, which essentially needs to be speedy, to remain in such an environment.

Japanese Cryptocurrency Spindle to Relocate in London Amid InvestigationGACKT

Black Star&Co, the developer company behind Spindle, said i...

14:40

Fantasy Football League to Raise $100 Million in Crypto ICO "IndyWatch Feed Crypto"

A blockchain startup wants to raise nearly $100 million dollars to create a new form of fantasy football aimed to bring fans together.

14:30

Crypto Experts Say Bitcoin Will be Much Stronger This Time Around "IndyWatch Feed Crypto"

The cryptocurrency market has been largely bearish this year, with Bitcoin having fallen below $6,000 in June. However, cryptocurrency experts who have been observing the market and considering factors other than just speculation, they feel that is a healthy correction of the market, and that the future of the market, driven by adoption, is bright.

Willy Woo Still Bullish on Bitcoin

Willy Woo, the renowned cryptocurrency analyst, recently tweeted that the cryptocurrency market this year is stronger than it was at the same time in 2014. According to his tweet, there is a lot of buying going on behind the fear and capitulation in the market. His tweet was accompanied by a chart with OBV indicators comparing the price of Bitcoin between December 2017 to August 2018, and December 2013 to January 2015.

The market capitalization of Bitcoin, from being $8 billion at around the same time in 2014, stands at over $108 billion now. Bitcoin, after having seen frenzied buying and touching a price point of nearly $20,000 in December 2017, saw its market capitalization growing to over $661 billion.

The indicator for 2018 clearly shows that there is a lot less volatility in the price of the Bitcoin at this point of time. The relative stability of Bitcoin price in the market can be attributed to impending news which investors are eagerly awaiting. The US SEC, after its recent rejection of the Bitcoin ETF from Winklevoss brothers, is to announce its decision on nine ETFs in September.

Besides that, many countries across the world are working on their own regulatory framework around cryptocurrencies and blockchain businesses. While countries such as Gibraltar, Malta, Estonia and Switzerland have already been attracting cryptocurrency and blockchain businesses. Others such as Thailand and Philippines have recently declared their blockchain-friendly status, and are inviting ICOs to operate in a regulated environment.

India, which has put a banking ban on cryptocurrencies, is also going to declare its decision on the legal status of cryptocurrencies in the coming months. The uncertainty around the future of bitcoin and other cryptocurrencies might be preventing investors from putting all their eggs in one basket, that of cryptocurrencies. However, players are also not exiting the market and are holding on to their bitcoin investments.

...

14:29

Jeju Island Aims to Become an ICO-Friendly Blockchain Hub Inspite of South Korea Ban "IndyWatch Feed Crypto"

South Koreas Jeju island is proposing a plan to become a blockchain haven wherein initial coin offerings (ICOs) would be allowed in the autonomous province despite the ongoing ban in the mainland. According to a report by the JoongAng Daily on Monday, the governor of Jeju Island has formally proposed that the central government of Continued

The post Jeju Island Aims to Become an ICO-Friendly Blockchain Hub Inspite of South Korea Ban appeared first on CCN

14:00

AirSwap Decentralized Exchange Upgrades for Any-Size Ethereum Trades "IndyWatch Feed Crypto"

The decentralized exchange is adding messaging and ID verification features to address the worries that have kept institutional investors at bay.

13:30

Crypto Prices Have Nosedived, But There Could Be a Silver Lining "IndyWatch Feed Crypto"

Monday hailed in one of the worst days the crypto market has ever seen, with Bitcoin posting a loss of 6%, while altcoins fell even further. However, not all investors are worried, as some see that this nosedive is just another part of the tumultuous cryptocurrency cycle.

CoinShares Executive: The Narrative Around Crypto Is Hard To Grasp

Meltem Demirors, a Chief Strategy Officer (CSO) at Coinshares, recently appeared on CNBCs Fast Money segment to comment on the state of the market.

Firstly, Fast Money host Melissa Lee brought up a heavily contested debate, querying the Coinshares CSO on what is holding Bitcoin back from being known as a store of value worldwide. Demirors responded by drawing attention to cryptocurrencys so-called narrative, stating:

The narrative around Bitcoin is still really hard to grasp. I think that the crypto community is really struggling with narrative right now. If we look at what institutional investors are looking for even retail investors what is the narrative? Really the only metric we have for most cryptocurrencies is the price, and price is such an imperfect metric. (So) what does actual utilization look like?

This statement alludes to the presence of misunderstandings, and the lack of knowledge of where this industry is heading, which she sees as a problem that should be fixed moving forward. Exploring this pressing topic deeper, the Fast Money host asked: if we said Bitcoin was a stock, and the narrative is unclear.. why would I want to buy it? Likening the cryptocurrency market to the internet boom of...

13:30

Bitcoin and Ether Lack Momentum as Crypto Market Falls Below $200 Billion "IndyWatch Feed Crypto"

In the past 24 hours, the crypto market has lost $23 billion, dropping from $217 billion to $194 billion, as major cryptocurrencies including Bitcoin showed a lack of momentum. What Has Happened to the Market? Without any exception, every major cryptocurrency in the market has plunged in value on August 14. Ether, the native cryptocurrency Continued

The post Bitcoin and Ether Lack Momentum as Crypto Market Falls Below $200 Billion appeared first on CCN

13:16

Square Expands Cash App Bitcoin Service to All 50 US States "IndyWatch Feed Crypto"

Mobile payments firm Square now allows clients buy and sell bitcoins through its Cash App in all 50 U.S. States. The firm that was co based on Twitter General Manager Jack Dorsey declared the service expansion via a Tweet Monday, month after the firm originally rolled out the bitcoin service to investors from the nation. As reported by CoinDesk, Square officially established the bitcoin buying option on its Cash App in January following a testing phase started last year.

Nevertheless, the support wasnt offered from the states of NY, Georgia, Hawaii and Wyoming because of their restrictive regulations regarding bitcoin transactions. In fact, Coinbase frozen its bitcoin purchasing service in Hawaii last year following regulators in the nation imposed a double reserve demand on the market, meaning itd have been required to maintain cash reserves equal to any cryptocurrency capital held for its customers. In Mar, though, Square enlarged the option to residents in Wyoming after the cowboy state passed a bill to remove the double reserve requirement of companies dealing with virtual currencies. As mentioned previously, Square has also secured a so called BitLicense in NY, which makes its one of only a handful of crypto solutions to be allowed to operate from the nation.

CoinDesk reached out to Square to ask about any factors that contributed to the changes of coverage in Georgia and in Hawaii, but didnt get a response by press time. The firm previously shown in its earning reports that his bitcoyne agency made a little gross of around $420, 000 from the second quarter of this year a number which was double the amount for the initial 3 months after the service started. U.S. Map image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
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13:13

OnChainFX Cryptoasset Rankings and Metrics Service "IndyWatch Feed Crypto"

OnChainFX is an interesting free service giving you an interesting and useful research tool for different crypto assets with an option to choose what type of information to be shown for the supported coins/tokens. Currently the service lists a little over 100 crypto assets, but be wary it is not a crypto coin or token listing service where you pay to get your project listed, the available assets are being hand selected. Besides obvious indicators such as price and current market capitalization, the service has some interesting information such as Y2050 marketcap and much more statistical data that you can enable to be shown additionally to help you in your research of a coin or token listed in the service. There is useful information such as all time high (ATH) or days since ATH, GitHub development activity tracking, ROI by year and others. We recommend that you give it a try when looking for some new potentially interesting crypto projects to get into. The fact that everything is in the red now in the world of crypto should not stop you from looking deeper into new potential game changing projects that you can take part in.

To check out the OnChainFX cryptoasset rankings and metrics service for some useful information

13:00

Reports: Indias Crypto Regulations Delayed, Government Considers Crypto Tokens "IndyWatch Feed Crypto"

Reports: India's Crypto Regulations Delayed, Government Considers Crypto Tokens

The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the years end. Meanwhile, the government is reportedly considering launching crypto tokens for financial transactions.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Indian Regulations Delayed

Reports: India's Crypto Regulations Delayed, Government Considers Crypto Tokens Subhash Chandra Garg.

The Indian government has been working on cryptocurrency regulations. A panel was set up in December last year under Subhash Chandra Garg, secretary in the department of economic affairs, to propose crypto regulations in India. The proposal was supposed to be...

13:00

Under Pressure: Bitcoin Price Could Defend $5.6K, Charts Say "IndyWatch Feed Crypto"

Bitcoin risks printing fresh 2018 low below the June low of $5,755, but will likely defend the support at $5,650 in the short-run.

12:59

Jamaica Stock Exchange to Trade Crypto Assets in 2018 "IndyWatch Feed Crypto"

The Jamaica Stock Exchange will be adding cryptocurrency trading for its clients later this year.

12:45

Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor "IndyWatch Feed Crypto"

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar.

In a recent statement, Dotcom said:

Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But youll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.

Value of the US Dollar

The value of cash and any other form of money depends on their ability to operate as a medium of exchange. If the US dollar, for instance, can be used to purchase properties and services, it has monetary value.

As former Goldman Sachs CEO Lloyd Blankfein stated, fiat money like the US dollar is valuable because under the control of central authorities, people are forced to use cash as the main method of payment. In a way, the value of fiat money is directly attributable to the control a state has over its financial system, and a decline in authority could lead the value of the currency to drop substantially.

Most recently, the lira, the national currency of Turkey, experienced a 50 percent drop in its price against the US dollar triggered by the imposition of tariffs on the Turkish economy by the US government.

To prevent the devaluation of the lira, financial authorities of Turkey immediately implemented strict capital controls to prevent its currency leaving the region and being liquidated for other foreign reserve currencies.

For a major economy like the US, such a drastic situation may never occur. However, Dotcom emphasized that the increasing debt of the US economy, which currently hovers at around $845,000 per family, could lead to a massive devaluation of the US dollar in the long-term.

The average total debt per family in the US is now at 845000 USD. The average unfunded liability in the US is now at 938000 USD per taxpayer. Anyone who thinks US debt can be solved with economic growth, new debt or printing more dollars is an idiot. US Empire will default, Dotcom said, citing the statement of Russias Finance Minister.

Earlier this year, Anton Germanovich Siluanov, the Minister of Finance of Russia, said that the government significantly reduced i...

12:35

Thailand Police Seek More Arrests in $24 Million Bitcoin Fraud "IndyWatch Feed Crypto"

Thailands Crime Suppression Division (CSD) has sought arrest warrants of six more people in an ongoing $24 million Bitcoin scam case. The law enforcement agency has confirmed that among the six wanted individuals, two are siblings of the famous Thai actor Jiratpisit Jaravijit. One of them is the elder brother of Jaravijit, Prinya Jaravijit, while Continued

The post Thailand Police Seek More Arrests in $24 Million Bitcoin Fraud appeared first on CCN

12:15

Ethereum Tumbles 17%, Investors Blame It On An ICO Sell-Off "IndyWatch Feed Crypto"

In todays crypto market drop-off, a majority of cryptocurrencies posted horrendous losses, including Ethereum, which fell further than many of its altcoin brethren. This came to the surprise of many, as Ethereum is normally a force to be reckoned with in normal market conditions.

Ethereum Moves Under $300 For The First Time In 9 Months

Over its relatively short history, Ethereum has grown to become the 2nd most valuable cryptocurrency, becoming the platform of choice for cryptocurrency projects, and dApp developers.  Despite the fact that Ethereum has cemented itself as a leader in this flowering market, this has not made it vulnerable to devastating price crashes, such as the one seen on Monday.

As users turned on their computers on Monday morning, it quickly became apparent that something was amok, with the market reestablishing year-to-date lows. While Bitcoin already had it worse enough, it clearly became apparent that some cryptocurrencies were under-performing others. As the day continued, market conditions only worsened, with altcoins extending losses even further. Through all this, a common theme remained Ethereum posted the highest percentage losses out of all of the cryptos in the top 10.

At the time of writing, Ethereum sits at a dismal $267, down 17% from todays high of $320.  This is the first time ETH has ventured under $300 since November 2017, which was when the Bitcoin boom was just ramping up, and altcoins were starting to show some strength.

Chart Courtesy of TradingView

Over the past week, Ethereum has fallen by over 35%, while Bitcoin has only posted a loss of 14%. This devastating move lower has rightfully led some to ask, Why is the price of ETH performing so poorly?

Investors Try To Reason Why ETH Is Capitulating So Heavily 

According to Bloomberg, a primary catalyst for this drastic decl...

11:43

Crypto Markets Hit Another 2018 Low, Is It The Bottom For Ethereum? "IndyWatch Feed Crypto"

FOMO Moments

This biggest one day dump this year, Ethereum, XRP, Bitcoin Cash, EOS and Cardano dropping double digits

The crypto winter is getting colder as markets tanked yet again over night to a new 2018 low. Total market capitalization plunged below $200 billion and kept going to reach its lowest level since the end of October 2017.

Bitcoin briefly dipped below $6k once again and is holding the level just above it. With a loss of 6.5% on the day BTC is down to $6,050 and poised for further declines. Trade volume has dropped from $6.6 billion to just over $5 billion at the time of writing.

Ethereum has crashed, taking an epic nosedive of 17.5% to trade at $265. This puts it back to mid-2017 price ranges when sentiment was largely bullish. Over the past week ETH has shed 35% as its market cap dumped nearly $15 billion. From a July high of just over $500 Ethereum has crashed almost 50% marking its biggest decline since early January. Ethereum has not been this low since September 15 last year when it briefly dipped to $200. Many have blamed ICO projects for dumping ETH onto the market as all cryptos get pummeled. The dust may settle at around $200 which has been a strong support point for Ethereum in the past.

All altcoins are dumping once again with Cardano taking the biggest hit in the top ten of 19.4% on the day. Bitcoin Cash, XRP and EOS are not far behind with losses of 14-16%. The market cap chart has certainly been shaken up by the August rout which has continued unabated. In the top twenty there are four altcoins getting absolutely smashed with over 20% declines on the day. These include Tron, Iota, Neo and Binance Coin, the latter taking the biggest dump of 23%.

Not a single coin in the top one hundred is green at the moment, not even the stablecoins such as Tether, Dai and TrueUSD. The biggest loss has been suffered by Ark which is down almost 30% in 24 hours. There are nine other altcoins with an over 25% decline at the moment including Kucoin Shares, Bitcoin Private, Zilliqa, Icon, Augur, and 0x.

Total crypto market capitalization hit...

11:30

PR: GaxCoin ICO Launches Private Sale "IndyWatch Feed Crypto"

GaxCoin ICO Launches Private Sale

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

We are pleased to announce the start of the sale of GaxCoin. The launch of our Initial Coin Offering is scheduled for 11 August 2018; a fundamental date for all those who wish to contribute to our Startup Blockchain project, to the creation of the Platform and its innovative and completely autonomous Ecosystem, which continues to be developed and which has its cardinal points in stability, simplicity and reliability.

According to an important popular report by specialized research company, the growth of ICO system has a huge potential totalizing, for the current year, contributions equal to 1.66 billion dollars with 480 ICO launched. The rhythm is still increasing and the results are surprising.

GaxWorld, thanks its architecture, boasts some characteristics that are making our fundraising unique: the project foresees that 40% of the funds will remain in provision and spent for the compensation of the Providers of the various services. The elegance of this technology, the security and confidence it can boast of, greatly increases expectations.

GAX World will be built around the ICO of GaxCoin: four industries to which billions of dollars are dedicated every day in the world. The relevant markets are in continuous expansion and are of global interest: Travel and Holidays, E-learning, Betting & Casin and Work & Freelance and a very rich innovative Crypto Marketplace will complete the package!

Thanks to our Main Sponsor totowinbet.com, the ICO launch has been possible and GaxClub has already started the development of all the Platforms in collaboration with the technical experts of the best known online gaming structure in Malta.

In the first phase of our Private Sale, GaxCoin ICO will formalize the promised commitment through a pool of Private Investors, which commit to invest more than USD 6 millions in our ICO and therefore enable the global development of the milestones mentioned in our Whitepaper. Immediately after the private sale, four important steps have been p...

11:30

Square Expands Cash App Bitcoin Service to All 50 US States "IndyWatch Feed Crypto"

Residents in all 50 U.S. states can now use Square's Cash App to buy and sell bitcoin, the company has announced.

11:13

Indias Govt Considers Allowing Crypto Tokens for Metro Cards, Airline Tickets: Report "IndyWatch Feed Crypto"

Indias government is reportedly mulling the launch of crypto tokens of its own for financial transactions in the country despite an ongoing banking ban on decentralized cryptocurrencies. An inter-governmental committee tasked to study and propose a regulatory roadmap for the cryptocurrency sector is also examining the usability of crypto tokens in the public sector, domestic Continued

The post Indias Govt Considers Allowing Crypto Tokens for Metro Cards, Airline Tickets: Report appeared first on CCN

11:05

The Daily: Altcoin Panic, Stablecoin Takeover "IndyWatch Feed Crypto"

Theres blood in the streets, the water and everywhere else you may care to look today as the cryptocurrency market plunges below $200 billion with a vengeance. Weve got the reaction from across the web in todays Bitcoin in Brief, as well as the latest developments from the realm of stablecoins, which have been an oasis of calm amidst all the blood-letting.

Also read: Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

Crypto Capitulation Sets In

The bottom isnt in until all hope is lost, the aphorism goes. While it would take a brave man to predict that precise point, the end is surely nigh, at which point the market can bounce and begin its painful recovery. Well provide a market update later today detailing the losses across the board and suggesting where we may be headed from here. For now, lets just take a moment to soak up the sentiment from around the web. On Reddits r/cryptocurrency board, traders are counting their losses:

...

10:48

Bitcoin Price Watch: BTC/USD Broke Key Supports, Turns Bearish "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price failed to stay above the $6,300 and $6,280 support levels against the US Dollar.
  • Yesterdays highlighted key contracting triangle was breached with support at $6,350 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair even traded to a new monthly low below $6,000 and moved into a bearish zone.

Bitcoin price broke key supports near $6,280 against the US Dollar. BTC/USD may correct higher, but broken supports at $6,050 and $6,280 are likely to cap gains.

Bitcoin Price Analysis

Yesterday, we discussed that bitcoin price could gain momentum if it breaks the $6,570 resistance against the US Dollar. The BTC/USD pair failed to break the $6,570 and $6,600 resistance levels, and declined. It dropped sharply and broke many supports like $6,450, $6,300 and $6,280. It even settled below the $6,100 level and the 100 hourly simple moving average.

During the decline, yesterdays highlighted key contracting triangle was breached with support at $6,350 on the hourly chart of the BTC/USD pair. It cleared the path for more losses and the price declined below the $6,000 support. A new monthly low was formed at $5,894 and the price is currently consolidating losses. An initial resistance is near the 23.6% Fib retracement level of the last drop from the $6,547 high to $5,894 low. Above $6,050 and $6,100, the next major resistance is near the $6,200-6,280 zone. Moreover, the 50% Fib retracement level of the last drop from the $6,547 high to $5,894 low is around the $6,220. Therefore, if the price corrects higher, it could face sellers near the $6,200 resistance area.

Bitcoin Price Analysis BTC USD

Looking at the chart, bitcoin is under a lot of pressure below $6,300. Should buyers fail to push the price back above $6,200 and $6,300, there may well be more losses towards the $5,700 and $5,5...

10:00

Ethereum Classic Price Analysis: Can ETC/USD Hold The $10.00 Support? "IndyWatch Feed Crypto"

Key Highlights

  • Ethereum classic price tumbled and broke the $12.50 and $11.20 support levels against the US dollar.
  • There is a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is slowly correcting higher towards the $11.00 and $11.30 resistance levels.

Ethereum classic price made a sharp U-turn against the US Dollar and Bitcoin. ETC/USD broke the $12.50 support and is currently at risk of clearing $10.00.

Ethereum Classic Price Support

It seems like ETC price was rejected from well above the $14.00 level against the US dollar. The ETC/USD pair traded and consolidated above the $12.50 support for some time. However, sellers had the upper hand as they succeeded in clearing the $12.50 support. The price declined sharply below the $12.00 and $11.50 levels. The decline was such that the price even broke the $11.20 and $10.50 support levels.

A new monthly low was formed at $10.11 and the price is currently correcting higher. It is testing the 23.6% Fib retracement level of the last drop from the $13.43 high to $10.11 low. There is also a key connecting bearish trend line forming with resistance at $11.30 on the hourly chart of the ETC/USD pair. Above the trend line, the next important resistance is near $11.80. It represents the 50% Fib retracement level of the last drop from the $13.43 high to $10.11 low. On the downside, the $10.00 support zone holds a lot of significance.

Ethereum Classic Price Analysis ETC USD

The chart suggests that ETC price may correct a few points towards $11.50-12.00 zone. However, if buyers fail to take control above $11.20, the price may decline further. In the mentioned case, ETC could even break the $10.00 handle to test the $9.25 support.

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10:00

A New Way to Compare Bitcoin Cash to Bitcoin "IndyWatch Feed Crypto"

Obviously a coin's price matters, but it's only one of several measures of a blockchain's value. Looking at them together gives you a fuller picture.

09:50

Introducing Bitcoin Cash Charts a Graphical Constellation of BCH Data "IndyWatch Feed Crypto"

Introducing Bitcoin Cash Charts a Graphical Constellation of BCH Data

Since we launched Bitcoin.com back in 2015 all of us have been extremely busy building our website to be the number one go-to source for all things Bitcoin related. These days we have forums, a non-custodial wallet, games, educational resources, a crypto-market data portal called Satoshi Pulse, a newsdesk, and so much more. This week Bitcoin.com has launched our newly revamped charts portal which now shows the entire Bitcoin Cash (BCH) ecosystem at a glance. Were super pumped to share our new chart page that shows the BCH price, market capitalization, daily transactions, money supply and a myriad of other charted factoids thats sure to make any BCH supporters life a whole lot nicer.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Bitcoin Cash Charts

Bitcoin.com is pleased to announce our new Bitcoin Cash Charts web portal a site thats dedicated to providing the public with a beautiful and rich display of the BCH ecosystem. Every single day theres a lot going on within the Bitcoin Cash environment and people usually have to jump around to multiple websites to get charts and data in order to get certain info on their favorite cryptocurrency. With Bitcoin Cash Charts weve packaged everything all in one place for BCH enthusiasts, businesses, traders, merchants and basically anyone interested in this innovative technology.

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09:45

Mircopayments beyond the PoC A New Space for Startups and Advisories "IndyWatch Feed Crypto"

The conceptual idea of the Internet of Things (IoT) with a multitude of possible use- and/or business cases has gained increasing attraction in the course of the past few years. In addition to that, the evolution of blockchain technology (or to be more general, distributed ledger technology) opened a variety of new concepts for the Continued

The post Mircopayments beyond the PoC A New Space for Startups and Advisories appeared first on CCN

09:16

Koreas Jeju Island Seeks to Become an ICO Hub Despite Domestic Ban "IndyWatch Feed Crypto"

South Koreas Jeju island is looking for becoming a free zone for initial coin offerings a plan, if approved, would permit crypto jobs to conduct token sales in the self-evident state regardless of the nations tough stance on the problem. Korean news outlet JoongAng Daily reported on Monday the Senate of the Jeju state has proposed the plan at the meeting week ago with central government representatives and legislators including Koreas finances ministry. Governor Won Hee ryong whined that with the projected plan, he plans to make Jeju island a chain link in which projects that concentrate on innovation will be free to sponsor ICOs as a means to finance their businesses and services.

The goal, according to Won, is for Korea becoming a leader as opposed to a consumer of the new international business. Additionally, as part of the plan, Won can also be seeking to make a working group with officials from both Jeju state and the central government as well as the industry specialists, in an attempt to advance his governments support for blockchain development. Appointed as a self governing province in the early 2000 s, the Jeju island government has enjoyed a high degree of administrative autonomy as part of the nations effort to improve economic and tourism development in the area.

Whilst it remains to be seen how a proposed plan would play outside, it comes at a time when Koreas central government has followed Chinas lead to declare that unauthorised ICOs are deemed as illegal fundraising activities. But, talks of lifting South Koreas ban on ICOs were already seen among legislators in the nation, as previously reported by CoinDesk. Jeju island picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
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announce
reported
Jeju island
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09:00

Ripple Price Analysis: XRP/USD Nosedives, Recoveries Remain Limited "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price fell significantly and broke the $0.2800 and $0.2600 supports against the US dollar.
  • Yesterdays highlighted important bearish trend line is intact with resistance near the $0.2950 level on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently correcting higher, but it could face sellers near $0.2700 and $0.2800.

Ripple price nosedived against the US Dollar and Bitcoin. XRP/USD may perhaps recover a few points, but it is likely to face sellers near $0.2800.

Ripple Price Decline

Yesterday, we discussed that Ripple price could drop towards the $0.2600 level against the US Dollar. The XRP/USD pair failed to move past the $0.2900 and $0.3000 resistance area, which resulted in a bearish wave. The price dropped and not only broke the $0.2600 support, but it also cleared the $0.2500 support. A new monthly low was formed at $0.2471 and the price is currently correcting higher.

It is testing the 23.6% Fib retracement level of the recent drop from the $0.3088 high to $0.2471 low. Above $0.2650, the price may well trade towards the $0.2770 and $0.2800 resistance levels. Moreover, yesterdays highlighted important bearish trend line is intact with resistance near the $0.2950 level on the hourly chart of the XRP/USD pair. An intermediate hurdle is near the 50% Fib retracement level of the recent drop from the $0.3088 high to $0.2471 low. Therefore, there are many resistances aligned between the $0.2700 and $0.2850 levels. Any recoveries towards the $0.2800 level are likely to face sellers.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price is clearly in a downtrend below $0.3000. On the downside, the $0.2500 level is a decent support, below which, the price is likely to test the $0.2400 level in the near term.

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08:45

Korea's Jeju Island Seeks to Become ICO Hub Despite Domestic Ban "IndyWatch Feed Crypto"

Korea's Jeju island is eyeing a plan to allow crypto projects to conduct initial coin offerings in the self-governing province despite a domestic ban.

08:39

Bitcoin price keeps falling and just dipped below $6,000 "IndyWatch Feed Crypto"

The price is a far cry from bitcoins all-time high of almost $20,000 back in December 2017.

The worlds most well-known cryptocurrency fell below the $6,000 threshold for a time being this morning. As of this writing, the currency has recovered a bit to around $6,044. However, falling below the $6,000 mark should be enough to cause alarm among cryptocurrency investors. The price is a far cry from bitcoins all-time high of almost $20,000 back in December 2017. This month alone, bitcoin has fallen more than 26%. And bitcoin is still performing better than other popular cryptocurrencies. Popular coin ethereum has fallen a whopping 40% in the last month alone, says Bloomberg.

Read Full Story

08:25

Square Cash Opens Bitcoin Buying and Selling in All 50 States "IndyWatch Feed Crypto"

Less than two weeks after sharing Squares cryptocurrency profits had doubled in the second quarter, the payments company made the long-awaited announcement on Twitter: users can now use Cash App to buy bitcoin in all fifty states. Red, white, and bitcoin. Now you can use Cash App to buy bitcoin in all 50 states. pic.twitter.com/D4fhVRz7WL Continued

The post Square Cash Opens Bitcoin Buying and Selling in All 50 States appeared first on CCN

08:00

Ethereum Price Analysis: ETH/USD Could Drop To $200-220 "IndyWatch Feed Crypto"

Key Highlights

  • ETH price extended declines and dropped below the $260 support zone against the US Dollar.
  • Yesterdays highlighted crucial bearish trend line is intact with resistance at $305 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair may well correct a few points higher towards $277-280, but it is likely to face sellers.

Ethereum price dropped significantly against the US Dollar and bitcoin. ETH/USD is likely to decline further below $250 in the near term.

Ethereum Price Decline

There was no recovery in ETH price above the $320 level against the US Dollar. The ETH/USD pair faced an increased selling pressure and declined below the $300 and $280 support levels. The decline was such that the price tumbled below the $260 support as well. A new monthly low was formed at $249 and the price is currently consolidating losses.

An initial resistance is the 23.6% Fib retracement level of the last drop from the $322 high to $249 low. However, any major upsides are likely to face a strong barrier near the $277-280 zone. More importantly, yesterdays highlighted crucial bearish trend line is intact with resistance at $305 on the hourly chart of ETH/USD. An intermediate resistance is the 50% Fib retracement level of the last drop from the $322 high to $249 low is near $286. Therefore, if the price corrects higher, it is likely to face sellers near the $277, $280 and $286 levels.

Ethereum Price Analysis ETH USD

Looking at the chart, ETH price is under a lot of selling pressure below $285 and the 100 hourly simple moving average. On the downside, the $250 support zone is very important. If it fails to hold losses, the next support is near the $220 level. Below this, the last important support for buyers is at $200 and $205.

Hourly...

07:56

Crypto Markets Continue to Decline, Tokens Especially Affected by Bear Market "IndyWatch Feed Crypto"

The cryptocurrency markets continue to fall despite strong fundamentals, and the market decline has been largely led by tokens.  The continued decline precedes a short lived, yet promising, rally when Bitcoin rose to approximately $8,400 on July 24th before gradually falling to lows of $6,100 on August 10th.

Major Tokens Setting New Yearly Lows

Although Bitcoin has fallen nearly 30% from its monthly highs, altcoins have been especially affected by the market decline. Currencies like EOS and Ethereum have been pushed to yearly lows and havent seen the same upside as Bitcoin during short-term rallies.

While Bitcoins market cap has decreased from monthly highs of $145 billion on July 24th to its current market cap of $108 billion at the time of writing, Ethereums market cap has nearly halved from its monthly highs of nearly $52 billion on July 17th to its current levels of just over $28 billion.  EOS has followed Ethereums price action closely, also halving its market cap from just over $8 billion on July 17th to its current levels of just over $4 billion.

Part of the reason for the massive decline in token pricing is increasing Bitcoin dominance, which is pulling investments from altcoins with unproven or presently unutilized products.  It is clear that many cryptocurrency investors view Bitcoin as the sole cryptocurrency with adequately proven utility and endurance, as Bitcoin has been through many crashes since its birth in 2009.

Fundamentals Strong, Other Factors Could Influence Micro-Price Movements

Although the fundamentals for many coins in the markets are incredibly strong, the prices clearly arent reflecting these revelations and investors are more concerned with upcoming events that could affect prices.

Fundamentals that will ultimately affect the markets include an increasing amount of options that allow for institutional investments, like Coinbase Custody, Geminis custodial options, as well as New York Stock Exchange parent company ICEs foray into the industry.  Unfortunately for investors, these revelations have not yet led to substantial and sustainable price movements.

Currently, price action indicates that investors, and moreover traders, are more interested in events that could affect the immediate price action of Bitcoin, and that they are mainly looking towards upcoming Securities and Exchange Commission decisions regarding Bitcoin ETF approvals.

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07:50

Japans Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold "IndyWatch Feed Crypto"

Japan's Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

Japans GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

GMO Coin Profits Up 7.3-Fold

Japan's Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-FoldJapanese internet giant GMO published its second-quarter results for this fiscal year on Thursday. The report details the performances of the companys cryptocurrency operations as well as changes in future plans.

In the second quarter, GMOs overall cryp...

07:16

Bitcoins Price Falls Below $6K to Near 2018 Low "IndyWatch Feed Crypto"

The purchase price of bitcoin fell below $6, 000 Tuesday, a movement that attracted the worlds largest cryptocurrency within 2 percent of its own 2018 low. At press time, bitcoin is trading hands at $5, 922, printing a 5 percent 24 hour depreciation, in accordance with The CoinDesk Bitcoin Price Index, up marginally from a low of $5, 785 set June 24. Bitcoin isnt alone at the sinking ship, however, as a wider market carries on to suffer. At press time, the total market capitalization of all cryptocurrencies is below $200 billion, its lowest figure yet seen in 2018.

What is more, a lot for an other big name cryptocurrencies already set their lowest prices for a year this past week. Ether, The cryptocurrency that forces the ethereum blockchain is trading hands at $264 its lowest price since November 2017. Similarly, The XRP cost has fallen below $0.30, its lowest price of the year and also more than 90 percent of depreciation from it is all time high over $3 set in December. Picture via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
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strict set of editorial policies

06:44

(Video) X22 Report -- Episode 1637: The Central Bank Illusion is Falling Apart | Pieces of the Puzzle are Coming Together "IndyWatch Feed Crypto"



Published on Aug 13, 2018

UK housing home values have now declined for five consecutive months in a row. The real estate bubbles around the world are popping. The entire central bank economic recovery illusion is now coming to an end, the economy will continue to deteriorate and eventually collapse. The economy is falling apart and and Kim Dot Com has a warning to everyone, get out of the dollar and put your money into cryptocurrency and gold. The Emerging markets are breaking down and the Fed might not raise rates anytime soon.



Published on Aug 13, 2018

Peter Strzok has been fired. Omarosa says she has recordings of Trump saying the N word but this story is starting to fall apart. This entire show that we are watching might be a plan to trap the deep state and the MSM. A 2011 report from FB shows that they believe they can change public opinion during elections, so maybe it really wasn't the Russians that alters elections. Most of the illegal children that come to America do not have parents that came with them so they were never separated from their parents. Senior Taliban leader says the peace talks are going very well. The explosive device in Yemen was American made. Q drops more breadcrumbs and the pieces to the puzzle are coming together. The deep state is panic mode and they are being setup right now. Enjoy the show, the more you know.

06:40

Ripple (XRP) Price Watch: Bearish Pullback in the Making "IndyWatch Feed Crypto"

Ripple Price Key Highlights

  • Ripple price recently fell through short-term consolidation to test the bottom of its channel.
  • Support appears to be holding, so price could be due for a pullback to the descending channel resistance from here.
  • The Fib retracement tool shows the potential correction levels where more bears might be waiting.

Ripple price fell to the bottom of its descending channel on the 1-hour chart and might be due for a quick correction.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to show that the path of least resistance is to the downside. In other words, the downtrend is more likely to resume than to reverse.

RSI is already indicating oversold conditions or that sellers are feeling exhausted. Turning higher could bring more buyers in and allow the correction to unfold. Similarly stochastic appears to be making its way out of the oversold region to signal a pickup in bullish momentum.

Both oscillators have plenty of room to climb, so Ripple might even have a chance at busting through the channel top if buyers persist. Then again, the 100 SMA is just close by and could add another layer of resistance near the swing high.

XRPUSD Chart from TradingView

Market Factors

Ripple drew some support from news that the US District Court of the Northern District of California has ruled to deny a motion to demand against Ripple, its subsidiary, and CEO. This lawsuit was filed by XRP investor Ryan Coffey in a San Francisco court on May 3, 2018, claiming that he lost $551.89 while trading Ripple tokens. The court said:

The parties candidly admit that their research failed to turn up any case directly addressing this question and the courts own research fared no better.

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06:16

Bitcoin (BTC) Price Watch: Another Day, Another Breakdown "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price has broken below a short-term consolidation pattern and is setting its sights on the next floor.
  • Price is still trading inside its descending channel and might be due to test the bottom around $5,600 soon.
  • Technical indicators continue to reflect the presence of selling pressure but there are also signs of a possible bounce.

Bitcoin price broke below a short-term consolidation pattern as it gains bearish traction and aims for the next support.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the downtrend is still more likely to carry on than to reverse. The 100 SMA lines up with the channel top as well, adding to its strength as a ceiling.

RSI is on the move down to show that selling pressure is present, but the oscillator is already dipping into oversold territory to signal bearish exhaustion. Stochastic is also heading lower but also hitting oversold levels. A bounce could take bitcoin price back up to the channel top at $6,200 while a continuation of selling pressure could even lead to a break below support and a steeper slide.

BTCUSD Chart from TradingView

Market Factors

Cryptocurrencies have already been on rough seas last week as the SEC decision weighed on bitcoin and its peers. This time, the cryptocurrency is actually drawing some demand from the crisis in Turkey as fears of contagion are driving traders away from fiat currencies and European stocks.

However, dollar demand remains supported on these safe-haven flows, possibly the main reason why BTCUSD is still in selloff mode. Bitcoin has jumped to a 7-month high against the Turkish lira, though, and could also be poised to rake in some gains versus European currencies if these risks remain.

The post...

06:08

Bitcoin Cash Price Analysis: BCH/USD Tumbles, Sell on Rallies "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price failed to move past the $580-600 resistance and tumbled against the US Dollar.
  • There was a break below a key bullish trend line with support at $500 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair traded below the $475 level and it is currently correcting higher towards $500-510.

Bitcoin cash price traded sharply lower below $500 against the US Dollar. BCH/USD could correct higher, but it remains sell on rallies near $510 and $530.

Bitcoin Cash Price Decline

Yesterday, bitcoin cash price made an attempt to break the $580 and $600 resistance levels against the US Dollar. The BCH/USD pair failed to move past $600, which resulted in a bearish reaction. The price dropped abruptly and broke many supports such as $550 and $520. It even settled below the $520 pivot level and the 100 hourly simple moving average.

Moreover, there was a break below a key bullish trend line with support at $500 on the hourly chart of the BCH/USD pair. The pair finally broke the $500 support and traded towards the $470 level. A new yearly low was formed at $472 and the price is currently correcting higher. An initial resistance is near the 23.6% Fib retracement level of the last drop from the $594 high to $472 low. There is also a connecting bearish trend line in place with resistance at $510 on the same chart. Above the trend line, the next hurdle is near $530. It coincides with the 50% Fib retracement level of the last drop from the $594 high to $472 low.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, BCH price could correct a few points towards $500 and $510. However, upsides are likely to be capped near $510 and $530.

Looking at the technical indicators:

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06:05

Blockchain Startup Signs MOU With Central Bank of Curaao and Sint Maarten "IndyWatch Feed Crypto"

The central bank of Curaao and Sint Maarten has signed an MOU with blockchain startup Bitt to research the feasibility of issuing its own digital currency

06:00

You Can Now Get Paid (a Little) for Using Bitcoin's Lightning Network "IndyWatch Feed Crypto"

Lightning nodes are making money albeit not much displaying the potential for a growing fee market on the layer two tech.

06:00

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 0.62 USD
1.00 USD = 0.00016 BTC
Converter

05:50

Venezuelas Constituent Assembly Drafts Law to Create Central Bank for Crypto "IndyWatch Feed Crypto"

Venezuela's Constituent Assembly Drafts Law to Create Central Bank for Crypto

A member of the Venezuelan National Constituent Assembly has reportedly revealed that the assembly is preparing a reform to the countrys Constitution that includes a central bank for cryptocurrencies. This follows the Venezuelan governments latest effort to tie the new bolivar currency to the petro.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Central Bank for Cryptocurrencies

Hermann Escarra, a member of Venezuelas National Constituent Assembly, has revealed the assemblys plan for cryptocurrencies in an interview with Reuters in Caracas on Thursday. He divulged:

The National Constituent Assembly of Venezuelais preparing a reform to the Constitution that would include a central bank for crypto-assets and a superior court to the Supreme Court of Justice.

Reiterating that the central bank for crypto will be incorporated, he elaborated, There will be the central bank with its functions in exchange, monetary and financial policy. He also emphasized that, as part of the reform, a court will be created that will be above the supreme court.

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05:17

XRP Cryptocurrency Now Down 90% From 2018 Price High "IndyWatch Feed Crypto"

XRP, the worlds 3rd largest cryptocurrency by market capitalization, dropped To its lowest cost of 2018 on Tuesday. At 00: 01 UTC, only after Mondays close, the cryptocurrency dropped to $0.27 cents for the very First time since December 12, 2017, based on CoinDesk price information. XRP was last seen trading in $0.2705, signaling about a 2.95 percent decrease because the days start. At that time, XRP is among largest losers among the top 10 cryptocurrencies by market capitalization and are currently reporting a 7 day reduction of 36 percent, according to information in CoinMarketCap. Its individual market capitalization is also dropped by more than $5.4 billion during this period.

Ripple has now efficiently erased majority of the gains seen during last years bull run and is down 92 percent from its all time high of $3.75. According to CoinDesk price information, XRP was trading at $0.16 cents exactly one year ago, leaving some to speculate a further drop in price. Crypto-currency is one of a number of programs to see diminishing values throughout the Monday session. Well known cryptos such as Ether, bitcoin money and Cardano have seen 24 hour declines over 7-12%. The total market capitalization of all cryptocurrencies is down almost $14 billion from its top of $214.4 billion and is presently sitting just above $200 billion, CoinMarketCap data shows.

Disclosure: The writer holds USDT in the time of writing. Picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
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05:16

Below $200 Billion: Crypto Market Sinks to New 2018 Low "IndyWatch Feed Crypto"

Falling prices have delivered the total market capitalization of all cryptocurrencies back below $200 billion. Statistics From CoinMarketCap shows the total market cap slid to $189 billion on Tuesday, a move that follows consecutive days of market declines. The market cap first rose over $200 billion in Nov 2017, a development spurred in the time from the listing of bitcoin futures products. Leading the downward push is zilliqa, that has seen the value of its ZIL cryptocurrency fall by 35% in the past 24 hours. The decrease is accompanied by continued increase in the so called bitcoin dominance speed, or the percentage of the total market cap thats contributed from the worlds biggest cryptocurrency.

As CoinDesk reported on August 11, the dominance speed climbed over 50 percent for the very first time in 2018. At press time, that amount is being reported as 54 percent, it is highest annual total. Picture via Shutterstock. Join 10, 000+ traders that come to us to be their eyes on the graphs, supplying all that is hot and not at the crypto markets. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
first rose
rose above 50 percent
strict set of editorial policies

05:10

Unhackable Crypto Wallet Reportedly Breached, Hackers Claim to Meet Bounty Conditions "IndyWatch Feed Crypto"

A team of researchers has supposedly breached the unhackable Bitfi wallet, claiming they have met all three conditions of the bounty program

05:07

Bitcoin's Price Falls Below $6K to Near 2018 Low "IndyWatch Feed Crypto"

Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world's largest cryptocurrency to within 2 percent of its 2018 low.

04:20

Below $200 Billion: Crypto Market Sinks to New 2018 Low "IndyWatch Feed Crypto"

Falling prices have sent the total market capitalization of all cryptocurrencies below $200 billion.

04:13

Ethereum (ETH) Technical Analysis: Scam Artists Minting Millions as ETH Hodlers Suffer "IndyWatch Feed Crypto"

All in all, Ethereum (ETH) bears are in charge as the last two weeks price action clearly shows. However, this is happening at the back of good development not only in Ethereum but in the crypto verse. So, while traders will naturally gravitate towards the sell side of the trade, long term holders should cherish this drop and look to ramp up buys when the time is right.

From the News

The allure for quick money is big business especially in these uncharted waters of crypto and as scammers are actively demonstrating, Ethereum is a fast street for big dollar. Its so serious that these give-a-away scam artists managed to clone Elon Musks account and while we dont know how many took the bait, the ball park could be in the millions.

It is so bad that Vitalik had to change his Twitter handle and including the Non-giver of Ether tag as a disclaimer. Luckily though, reports indicate that Adam Guerbuez, a crypto-evangelist cracked up one of these scam artists revealing their millionaire status. Surprisingly the guy said they have been making anywhere between $50 K to $100 K in a single day from mooches who want to quickly double their ETH.

Hopefully though, this carefully orchestrated scam would come to an end in days to come. Will we see a blockchain based solution filters that will render their intelligent bot useless as Vitalik earlier suggested or will these bots evolve and outsmart Twitters stringent scourge? Time will tell but at the moment, we have a scam artist now millionaire every 10 days.

Privacy centric and anonymous coins often get a bashing mostly from regulators who simply dislike them. The world reigning Secret service think they are bad and effective regulations should be in place to rid the market of bad elements taking advantage of these coins features to wreak havoc on the society. On the other hand Vitalik thinks ZCash is actually cool. And why not? ZCash is one of those coins that might get listed at CoinBase.

Technical Analysis

Weekly Chart

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04:05

XRP Cryptocurrency Now Down 90% From 2018 Price High "IndyWatch Feed Crypto"

XRP, the world's third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.

04:02

Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain "IndyWatch Feed Crypto"

The Hong Kong University of Science and Technology Business School has received $20 million in funding for research on payment systems, including those using blockchain tech

03:50

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto "IndyWatch Feed Crypto"

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

The path to a cryptocurrency revolution might just run through a sleepy Austin, Texas industrial park, home to offices of Cody Wilson and his company, Defense Distributed in the United States. Parallels exist between downloadable files from a website, allowing users access to 3D printable firearms, and a permissionless, decentralized, censorship-resistant medium of exchange. If the worlds most powerful government succeeds in preventing Mr. Wilson from engaging in basic speech, hold on to your electronic wallet because it could be next.  

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

You Are Responsible Enough to Read Unapproved White Papers and Controversial Firearm Schematics

The fate of cryptocurrencys future could very well rest in the hands of a 30-year-old former law school student who has been called The Most Dangerous Man in the World by Wired magazine. No one could have foreseen this, of course, least of whom Satoshi Nakamoto when he delivered his white paper, Bitcoin: A Peer-to-Peer Electronic Cash System not quite a decade ago.

In it, the pseudonymous author went about detailing technical aspects of a trustless digital cash system with a decentralized audit log, a database conferring immutability for transaction recordings. The history is well known by most Bitcoiners, and today an entire universe of variations on that Bitcoin theme have sprouted.

...

02:57

Blockchain for Bureaucrats: Chinas Communist Party Publishes DLT Primer "IndyWatch Feed Crypto"

Peoples Daily Publishing House, led by the Chinese Community party, has published a book on blockchain technology titled Blockchain A Guide for Officials, which will cover all aspects of the new technology and serve as a guide for bureaucrats. The news was first reported by local media outlet Peoples Network. The book provides details of distributed Continued

The post Blockchain for Bureaucrats: Chinas Communist Party Publishes DLT Primer appeared first on CCN

02:48

US Federal Court Denies Motion to Remand Against Ripple "IndyWatch Feed Crypto"

A U.S. federal court has ruled to dismiss a motion to remand filed against Ripple in May

02:10

World Banks Blockchain-Based Bonds A Step Toward Adoption? "IndyWatch Feed Crypto"

The World Banks blockchain-based bond - a precursor to DLT adoption by the banking sector?

02:02

Stellar Lumens, Litecoin, EOS, IOTA, Tron Technical Analysis: Altcoin roadmaps, partnership Overrides Price "IndyWatch Feed Crypto"

Despite the stable prices in some altcoins as EOS and Litecoin, most coins under our review are yet to recover. IOTA for example is last weeks top loser shedding more than 50 percent on a weekly basis and is down 12 percent in the last day. Tron (TRX) is also on a down trend. The bad thing though is that with every low, sellers are pushing prices to oblivion. The only bright spot from yesterday is Stellar Lumens (XLM) which is up seven percent and most likely going to stabilize as long as Facebook rumors continue to pile up.

Lets have a look at these charts:

EOS Technical Analysis

From the News

  • There is development in the EOSIO ecosystem and with EOSfilestore dApp, EOS token holders dont need to install anything before use. The dApp provides an easy avenue for coin holders to upload and download files right on the EOSIO blockchain. All transaction are done via the Scatter EOS wallet and security is guaranteed since the EOSfilestore website never has access to the coin owners private keys.

Technical Analysis

Regardless of price optimism that the last two candlesticks can bring, we must realize that EOS is technically in a downtrend. Notice that while the last two candlesticks are bullish and trading within a really tight range, they are wholly confined inside Aug 11 bear candlestick.

So, if anything, this depicts a nice effort versus results scenario where sell pressure is taking the lead making it hard for higher highs unless of course there is a marked increase in trading volumes eclipsing that of the last few days. Since it is steep for buyers, selling at spot prices with stops at $5.5 and bear targets at $4.

Litecoin (LTC) Technical Analysis

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01:50

Turkish Bitcoin Volume Soars as Traders Flee the Lira "IndyWatch Feed Crypto"

Turkish Bitcoin Volume Soars as Traders Flee the Lira

Trading volume on Turkish cryptocurrency exchanges has soared over the last 24 hours as citizens have sought refuge from the weakened lira. Turkeys national currency has faced a torrid time on a day when President Recep Tayyip Erdogan accused the US of trying to stab it in the back. Trade volume on domestic exchange Btcturk is up 350% in the last 24 hours, with BTC capturing 38% of the action.

Also read: Crypto Cafe and Coworking Space Hash House Established in Xian, China

Turks Seek a Haven from the Crumbling Lira

The Turkish lira (TRY) plunged to record lows against the US dollar today as tensions between the stricken nation and western counterparts ramped up. The embattled President Erdogan sees Turkeys financial straits as a US-led plot to cripple the country, as opposed to the consequences of an imprudent economic policy thats lead to rising inflation and spiraling debt accrued in foreign currency, exacerbated by borrowing to fund a construction boom.

...

01:39

Binance Argues it Does Not Charge 400 Bitcoin For Listing, CEO Clarifies "IndyWatch Feed Crypto"

Changpeng Zhao, the CEO of Binance, has officially stated that the company does not charge 400 bitcoin ($2.5 million) to list cryptocurrencies on its platform. Legitimacy of the Claim Last week, cryptocurrency researcher Christopher Franko claimed that Binance, the worlds largest digital asset exchange, has been charging cryptocurrencies a listing fee of 400 BTC to

The post Binance Argues it Does Not Charge 400 Bitcoin For Listing, CEO Clarifies appeared first on CCN

01:34

World Bank appoints CBA for first bond deal on blockchain "IndyWatch Feed Crypto"

https://www.afr.com/business/banking-and-finance/financial-services/world-bank-appoints-cba-for-first-bond-deal-on-blockchain-20180809-h13qji

The World Bank has turned to Commonwealth Bank of Australia to issue a bond using blockchain technology, in a deal that suggests a more transparent and lower-cost process for debt capital issuance is just around the corner.

Reflecting its antipodean roots, the innovative security is being referred to as a bond-i (blockchain offered new debt instrument). The World Bank says it is a world first for using blockchain to create, allocate, transfer ownership and manage a live bond deal.

Commonwealth Bank has been appointed sole lead arranger for the Kangaroo bond offer, which will launch on Friday and could raise around $50 million, part of the World Banks global funding program. It will mostly be marketed to Australian-based investors who have been working with CBA to understand the system, also referred to as distributed ledger technology (DLT).

The banks have created an automated processes for buying and transferring securit...

01:16

EU Lawmaker Wants to Include ICOs in New Crowdfunding Rules "IndyWatch Feed Crypto"

A draft proposal by the European Parliaments Committee on Economic and Monetary Affairs suggests producing new regulation for public initial coins offerings, based on a document published Friday. Ashley Fox, a Member of the European Parliament representing the UK, wrote a draft report on proposed rules for Europes crowdfunding platform operators and companies. Work on crowdfunding rules has been ongoing since last year, with the official proposal from the European Commission coming from March with the support of developing a framework on audience and peer-to peer fund . According to Foxs note accompanying the legislature language for the proposition, the framework offers a chance to regulate token sales.

This Regulation gives the chance to ICOs that are looking to show their legitimacy to adhere to the requirements of this rule. Whilst this regulation might not supply the solution for regulating the ICO marketplace, it can take a much needed step towards imposing standards and protections in place for whats a fantastic financing stream for technology start ups, he wrote. The report states that the crowdfunding service suppliers should be allowed to raise capital via their platforms using some cryptocurrencies. But while ICOs provide new and innovative ways of financing, they may also be utilized to create substantial marketfraud and cybersecurity threats to investors .

The proposed regulation seems only to apply to public sales that raise less than 8 million euros, saying: .crowdfunding providers who want to offer ICO via their stage, should adhere to specific additional requirements under this Regulation. But, private placements, ICOs raising in excess of 8, 000,000 or even ICOs that dont utilize a counterparty dont fall inside the scope of those requirements . These new rules would need platforms to make a cap for crowdfunding attempts and follow certain regulations, in accordance with the document. Fox emphasized the importance of providing some regulatory guidelines for the distance, noting that at present the initial parts offerings are working in unregulated space, and consumers are at risk from fraudulent activity happening in this marketplace. .

While Fox released a draft proposal a week ago, he also wrote that he believes that a number of modifications must be introduced to improve the proposal, adding that this rule has been a chance to offer regulation for first coin offerings . European Parliament building picture via Alexandra Lande / Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com...

01:00

Noah Coin is Attempting to Enter the Tokyo Stock Exchange "IndyWatch Feed Crypto"

Noah Coin (NOAH), which ranks 143 in the cryptocurrency market with a capitalization of $33 million, is seeking to enter the Tokyo Stock Exchange (TSE) by taking control of China-linked company Beat Holdings.

Having worked to distance itself from Bitcoin et al., the Japanese exchange operator feels troubled with the news, according to one official.

Noah Coin May Enter Japanese Bourse By Taking Control of Listed Company

Hong Kong-based cryptocurrency firm Noah Ark Technologies and top shareholder of Tokyo Stock Exchange listed company Beat Holdings with a stake of nearly 15 percent of the business has proposed a name change to Noah Coin. It has also proposed the issuance of new shares and share acquisition rights in order to obtain more than 50 percent and gain control over the company.

The proposal made in June has caused distress among Beat Holdings shareholders as well as the Tokyo Stock Exchange, according to the Nikkei Asian Review. This is because cryptocurrencies are seen as lacking protections for investors under the current regulatory framework.

Beat, a group specialized in healthcare and intellectual property acquisition which is formerly known as Xinhua Finance, has a market of under 10 billion yen ($90 million). Noah Coin reached public hands in July with its market cap peaking just over $90 million.

While concerned that a cryptocurrency company may eventually be listed on the Tokyo Stock Exchange, the operator has its hands tied but the purchase is still subject to regulatory approval. In the meantime, Shareholders of Beat Holdings are resisting to Noahs advances. This is according to Beat CEO Lian Yih Hann, who told Nikkei that the takeover attempt is probably a stunt to attain credibility among future investors in order to launch an ICO in Singapore or Hong Kong.

Beat Holdings may have attempted to gain the upper hand in July by offering a 30% stake to a Singapore-based virtual currency firm through a third-party share allocation. The next shareholders meeting is expected to take place next month at the earliest.

Noahs Story in the Philippines and Its Plan to Expand Worldwide

...

00:49

Saudi Regulators Warn Against Trading Cryptocurrencies, Citing High Market Risks "IndyWatch Feed Crypto"

The Saudi government has issued a warning that dealing in digital currencies is prohibited in the Kingdom, citing high risks and negative consequences

00:43

Ethereum Price Intraday Analysis: ETHUSD Drops to Yearly Lows "IndyWatch Feed Crypto"

The ethereum price  fell over 10 percent against the US Dollar at the start of this week, establishing fresh lows of 2018. The ETH/USD pair has been on a downward trend all this year, much like the other top coins including bitcoin, ripple, and litecoin. At the time of this writing, the pair has experienced

The post Ethereum Price Intraday Analysis: ETHUSD Drops to Yearly Lows appeared first on CCN

00:29

Spanish Left-Wing Political Coalition Proposes Subcommittee to Study Blockchain, Crypto "IndyWatch Feed Crypto"

Spanish left-wing political alliance Unidos Podemos has proposed an initiative to explore the benefits of blockchain and regulate crypto

Monday, 13 August

23:50

Silk Road Questions Unanswered as Ulbricht Gathers 60K Clemency Signatures "IndyWatch Feed Crypto"

Silk Road Questions Unanswered As Ulbricht Gathers 60K Clemency Signatures

Ross Ulbricht was sentenced to life in prison back in 2015 for operating the Silk Road marketplace but many people believe he should be set free. The Ulbricht family, aided by his new Twitter account @RealRossU, has managed to gather close to 60,000 signatures in a petition for his clemency. Meanwhile, many questions surrounding the governments Silk Road investigation and the sale of Ulbrichts bitcoins.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

The Many Unanswered Silk Road Questions Suppressed by the US Government

Ross Ulbricht is serving a life prison sentence for operating the illicit drug marketplace called the Silk Road (SR). Many people believe the entire Ulbricht investigation was an abomination of justice as there are many instances of law enforcement manipulation and government cover-ups throughout the SR investigation and Ulbrichts trial. Moreover, the family has explained many times that much of the details surrounding the SR investigation and the governments evidence remains a secret. One example is the public auctions of seized bitcoins back in 2014 that allegedly were taken from Ulbrichts laptop. Most of the results of the auctions are unknown except for the statements stemming from some of the winners like Tim Draper. Only the auction winners were notified by the US Marshals and the public has no idea about the exact specifics of the auctions, except for what they were told by the media.

...

23:50

Communist Party of China Releases Primer on Blockchain Technology "IndyWatch Feed Crypto"

The Communist Party of China has released a book explaining the key features and use applications of blockchain technology

23:45

Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading "IndyWatch Feed Crypto"

A joint committee of Saudi Arabias regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the high risks associated with digital asset markets.

Trading Venues Falsely Advertise as Being Regulated by Saudi Arabia

The news broke via a statement posted to the Saudi Arabian Monetary Authoritys website yesterday. It claims that virtual currencies posed high risks on traders, as well as other unmentioned negative consequences.

According to the statement, the lack of government supervision is behind the threats posed to those involved in trading currencies such as Bitcoin and Ether.

The post goes on to state that virtual currencies are illegal in the kingdom, before offering a reminder that there are no groups, companies, or individuals exempt from such a ban by way of licensing.

The speculative nature of cryptocurrency investments was also touched upon by the committees post:

The committee warns all citizens and residents about drifting after such illusion and get-rich scheme due to the high regulatory, security and market risks involved, not to mention signing of fictitious contracts and the transfer of funds to unknown recipients/entities/parties.

The committee behind yesterdays statement comprises of members of the nations Capital Market Authority (CMA), Ministry of Interior, Ministry of Media, Ministry of Commerce and Investment, and the Saudi Arabian Monetary Authority (SAMA).

The group was formed by a supreme decree to investigate the risks associated with both virtual currency and foreign exchange trading. They are also responsible for clamping down on the marketing of platforms that facilitate such practices within the Saudi borders.

Curiously, despite the statement from the joint committee, there are still venues allowing Saudi Arabian traders to buy and sell digital currencies. Arabian Business claims that many of these platforms have been offering services whilst claiming that they had been authorised by domestic authorities. In light of yesterdays release, their claims are evidently untrue....

23:41

Bitmain is Hodling Nearly $600 Million in Bitcoin Cash "IndyWatch Feed Crypto"

When Bitmain announced last year that it was throwing its weight behind bitcoin cash ahead of the latters decision to pursue a divorce from the main BTC network due to irreconcilable differences over blockchain scaling, the cryptocurrency mining giant put its money where CEO Jihan Wus mouth was. Leaked documents from Bitmains pre-IPO investor deck

The post Bitmain is Hodling Nearly $600 Million in Bitcoin Cash appeared first on CCN

23:41

Coinbase Index Fund Reduces Annual Fee to Attract Institutional Investors "IndyWatch Feed Crypto"

U.S. crypto giant Coinbase has announced it will add ETC to its Index Fund and reduce the Funds annual fee to attract investors

23:15

EU Lawmaker Wants to Include ICOs in New Crowdfunding Rules "IndyWatch Feed Crypto"

A draft proposal by the EP's Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs).

23:04

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 13 "IndyWatch Feed Crypto"

Amidst a national currency crisis in Turkey, crypto trading volumes on local exchanges are skyrocketing - will there be an effect on the prices? Lets see the charts

23:00

Its All Over For Monsanto "IndyWatch Feed Crypto"

In this video, Jason Bermas of WeAreChange gives you the latest breaking news on the landmark decision by a jury to find that Monsantos Roundup weed killer and glyphosate, in particular, caused Dewayne Lee Johnsons cancer. This opens the floodgates for hundreds of lawsuits, its all over for Monsanto

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We take Crypto Coins

Bitcoin 1F6oeUnhXfr5UMC95apbJg7CLjm3BUrT8V
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22:39

Bitcoin Price Intraday Analysis: BTCUSD Hinting Another Bear Flagpole "IndyWatch Feed Crypto"

The short-term gains can never compensate for the long-term losses. So it seems from the latest Bitcoin price action which, during the weekend, jumped more than 7.5% and promised an extended breakout, but fell short of delivering it. This Monday started with minor pullbacks from the early 6550-fiat level during the Asian trading session. However,

The post Bitcoin Price Intraday Analysis: BTCUSD Hinting Another Bear Flagpole appeared first on CCN

22:37

Ethereum Crashes to 9-Month Price Low Below $300, While Bitcoin Shows Resilience "IndyWatch Feed Crypto"

Ethereums price is plummeting at press time, dropping 10% today to below $300 amid a wider bearish market, although Bitcoin is holding its recent gains

22:30

What is Pushing Crypto and Bitcoin to Plunge to Yearly Lows? "IndyWatch Feed Crypto"

The total combined market capitalisation of cryptocurrencies continues to fall to new yearly lows despite ongoing improvements to the fundamentals of the space.

What could be driving the prices of Bitcoin and other digital assets down in such a way?

Fundamentals Never Looked Better

From a fundamental perspective, the cryptocurrency space has never looked better.

Increased institutional options by the likes of Circle, Coinbase, and Blockchain, and the ICE recently announcing intentions to form the Bakkt platform with the likes of Starbucks and Microsoft by November 2018, are clearly positive developments. In fact, many in the cryptocurrency space were surprised that the latter project had not translated into a substantial price move to the upside.

That said, the overall market is still tanking. The likes of Ethereum, EOS, TRON, IOTA, and NEO are the worst hit of the top 15 projects. Theyve seen 24-hour drops of between 9 and 11.5% according to CoinMarketCap. Evidently market sentiment is not where it needs to be to see a reversal of the 2018 crypto bear market just yet.

ETF Delays

One potential cause of the continued lack of positive sentiment is the decision by the U.S. Securities and Exchange Commission (SEC) to delay the most-anticipated of the many Bitcoin ETF proposals it has received this year.

The VanEck/SolidX application is thought by many to be the first ETF to receive approval. However, last week the regulators announced that they would be delaying their decision until September at the earliest. Leading up to the date of the delay, the overall market capitalisation of the industry was above $256 billion. However, since August 7, the overall figure has reduced by around $50 billion.

...

21:50

Binance Denies 400 BTC Listing Quote; Accuser Responds You are a F***king Liar "IndyWatch Feed Crypto"

Binance Denies 400 BTC Listing Quote; Accuser Responds, You are a F***king Liar

News.Bitcoin.com feature Cryptowhispers reported on what has turned from rumor to an all-out verbal war between two well-known figures in the cryptoverse. It began last week when Christopher Franko, co-founder of the Expanse project, took to Twitter and accused popular exchange Binance of quoting 400 bitcoin to list a token. The exchanges head, Changpeng Zhao, has since responded rather personally to Mr. Franko, and, well, all hell has broken out. Get some popcorn.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Binance Slams Expanse Co-Founder for Listing Quote Claim

We dont list shitcoins even if they pay 400 or 4,000 BTC, the face of Binance, Changpeng Zhao, came out swinging on Twitter. He was responding to a string of tweets by Expanse co-founder Christopher Franko, who insisted Binance quoted him by email a price of 400 bitcoin core (BTC) to list his token.

...

21:40

Nvidia to Profit in Q3 2018 Despite Crypto Mining Decline "IndyWatch Feed Crypto"

While crypto mining is experiencing a slowdown due to Bitcoin and other cryptocurrencies yielding lower mining profits worldwide recently, tech giant Nvidia Corp. is still expected to generate healthy revenue in Q3 of 2018. The tech company is seeing strong sales in its staple market, gaming, with graphics processing units still flying off the shelves Continued

The post Nvidia to Profit in Q3 2018 Despite Crypto Mining Decline appeared first on CCN

21:30

Winklevoss Twins Continue Moving Forward Despite SEC Bitcoin ETF Decision "IndyWatch Feed Crypto"

Cameron and Tyler Winklevoss are working relentlessly to grow their cryptocurrency exchange Gemini despite the U.S. Securities and Exchange Commissions (SEC) decision to reject their proposed Bitcoin ETF for the second time in late July.

The brothers have taken a few hits in 2018 so far, including dwindling trading volume on their Gemini exchange and declining prices for their cryptocurrency holdings. However, the SEC decision to deny their controversial ETF application is arguably the worst blow theyve suffered thus far. The decision, which negatively impacted the markets, held a significant amount of stock for the exchange, as an approval would have proven to be tremendously profitable for Gemini and the brothers.

Winklevoss Twins Acknowledge That Wall Street is Slow to Enter the Cryptocurrency Markets

Regardless of having a rough year, the twins are continuing to work hard to progress their exchange through a variety of new programs. While speaking to Bloomberg, the twins discussed Wall Streets hesitation to participate in the cryptocurrency markets, saying:

Wall Street is taking cryptocurrencies seriously, however, the vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail driven market. This will change over time, but it will take time.

Lack of regulatory clarity and solid investment onramps is partly to blame for the lack of institutional money entering the crypto markets. The approval of a Bitcoin ETF would aid the markets in that it would provide an easy, safe, and liquid way for groups to invest in Bitcoin.

Following the denial of the Winklevoss Gemini Bitcoin ETF, the markets tanked even though many familiar with the Winklevoss ETF felt that it wasnt the best ETF in the running for approval. This was due to a variety of factors, including the fact that it based its pricing on Geminis prices rather than those of the aggregated markets.

Now, hopes for an ETF approval are resting on the CBoE VanEck-SolidX, which is seen by many as the ideal investme...

21:17

Marvel Weighs Legal Move Against Crypto Startups Wacoinda Plans "IndyWatch Feed Crypto"

Marvel isnt yet sure if itll oppose a cryptocurrency startup playing the name of the fictional nation of Wakanda from the black panther movie. A comic book giants subsidiary, Marvel Characters, registered for extensions with the U.S. Office of Patents and Trademarks to Receive additional time before deciding whether itll oppose the Wakanda Wine Fest along with Wacoinda trademark submissions. Those trademarks were registered by a firm named Wilsondom Limited liability company, which wants to establish fiscal and instructional services around cryptocurrencies, based on legal info website Justia. Particularly, the Wacoinda trademark, if accepted, could be implemented to financial education and financial empowerment initiatives aimed toward the African American neighborhood.

The Wacoinda trademark was registered in Feb, but Marvel Characters petition for an extension came only a week ago, public documents show. The company now has until Nov 14 to determine if it wants to oppose the trademark. The extension doesnt automatically means that Marvel will oppose the signature, nevertheless respond to request for comment by press time. Marvel Characters didnt respond to request for comment by press time. Wacoinda wasnt the first cryptocurrency connected in June, African singer Akon declared the introduction of the cryptocurrency Akoin and a plan to construct a real life Wakanda existence in June, African singer Akon announced the creation of the cryptocurrency Akoin and a plan to build a real life Wakanda.

As previously mentioned, the city is already being constructed Black Panther picture via Shutterstock. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Justia
public documents reveal
announced
Black Panther
strict set of editorial policies

21:16

Below $300: Ether Price Hits New Low for 2018 "IndyWatch Feed Crypto"

Ether, the worlds second largest cryptocurrency by market capitalization, dropped To its lowest cost of 2018 on Monday. At 16: 50 UTC through Mondays trading session, the cryptocurrency dropped below $300 dollars for the very first time since Nov 12, 2017, based on CoinDesks Ethereum Price Index. ETH was last seen trading at an average cost of $289.16, signaling a roughly 9.6 percent decrease since the days open. At press time, ETH is the largest loser among the top 10 cryptocurrencies by market capitalization and is currently reporting a 7 day reduction of 28.33%, based on data from CoinMarketCap. Its individual market capitalization is also dropped by over $10 billion within this period.

ETH has now efficiently erased 100% of its year-on year growth and is down 78% from its all time high of $1, 337. According to CoinDesk price information, ether was trading at $289.96 just one year ago. Crypto-currency is one of a number of programs to see diminishing values throughout the Monday session. Well known cryptos such as EOS, bitcoin money and cardano have seen 24 hour losses in excess of 5%. The total market capitalization of all cryptocurrencies is down almost $15 billion from its everyday high of $219.4 billion and is presently sitting in Just over $205 billion, CoinMarketCap statistics shows.

Disclosure: The writer holds BTC, AST, REQ, OMG, FUEL, first, and AMP in the time of writing. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is intended as news item to notify our readers of different events and developments that affect, or which could in the future affect, the value of the cryptocurrency described above. The info contained herein isnt meant to provide, and it doesnt provide, adequate info to form the basis of an investment decision, and you shouldnt rely on this info for this purpose. The info presented herein is accurate only as of its date, and it wasnt ready by a research analyst or other investment professional. You need to seek additional info regarding the merits and risks of investing in any cryptocurrency before opting to buy or sell any instruments. Combine 10, 000+ traders that come to us to be their eyes on the graphs, supplying all that is hot and not at the crypto markets.

Sources:
coindesk.com
Disclosure
strict set of...

20:39

Facebook: Were Not Building a Cryptocurrency on Stellar "IndyWatch Feed Crypto"

Social media conglomerate Facebook denied reports that its blockchain task force is considering launching a cryptocurrency project through a partnership with Stellar. Citing a Facebook spokesperson, financial news outlet Cheddar reports that the company will not be building on the Stellar protocol, nor has its cryptocurrency division held discussions with the project about forking Stellar Continued

The post Facebook: Were Not Building a Cryptocurrency on Stellar appeared first on CCN

20:13

Unibright: The Bridge to Integrating Blockchain "IndyWatch Feed Crypto"

Blockchain has proven to be a hard concept for many who are looking to incorporate it into their system. Being the new technology in town, Blockchain applications are in high demand all across the globe. To help companies easily integrate blockchain into their systems, Unibright has created a working framework that is easier to use. Unibrights 20+ years of experience have helped them acknowledge the problems faced by companies when adopting the technology.

Unibrights framework can be used by anyone, be it tech giants, consulting companies, enterprises and blockchain companies or even small and medium enterprises. The platform has connected different institutions by co-hosting public events with Microsoft, Zuhlke, and Lufthansa. They have also partnered with blockchain protocols like NEM to help companies have an easy time integrating blockchain.

Easy Blockchain Solution Implementation

According to reports, Unibrights framework makes it easier for companies and people with no coding experience to integrate blockchain into their operations with just a click of the button. Companies with no skills in blockchain or its technologies can exploit the different benefits of blockchain like transparency, security and easy accessibility. With its feature-rich options, Unibright has aimed to become the bridge between companies and blockchain after realizing that companies despite wanting to use the blockchain technology are finding it hard to incorporate it into their operations.

Reports indicate that most companies prefer using the already existing IT system. For many, change is not always easy, especially when you have to learn new concepts and procedures. Creating a framework that makes it easy for people to quickly understand and adapt to new changes helps them ease into new systems. The Unibright framework is created keeping this in mind so that it can be adapted by the companies without any of the usual frustrations.

Picking the Right Chain

Currently, there are different blockchain protocols Bitcoin, Ethereum, NEM and more, that one can choose to base their operations on. Without a full understanding of the different features offered by various blockchains, a company might decide to use a blockchain application that does not fully solve their problems. Unibright framework eliminates the need for coding or expertise needed to decide which blockchain to utilize. Being highly flexib...

20:07

Blockchain Among Targets of South Koreas $4.4 Billion Domestic Investment Plans for 2019 "IndyWatch Feed Crypto"

Over the next five years, the South Korea government wants to pump almost $5 billion into blockchain, among other technologies

20:00

Will India Finally See Cryptocurrency Regulations in Place By End of 2018? "IndyWatch Feed Crypto"

Cryptocurrency regulations in India have been a source of uncertainty for the markets since the governments unprecedented tirade against crypto that began this past April. However, its reported that the government is now likely to finalize some common sense regulatory measures starting in late 2018.

A finance ministry panel devoted to the issue has found that the main problem with cryptocurrency regulations is how to define and separate the blockchain from its cryptocurrency counterparts. The Indian government has taken a friendly stance towards blockchain technology, but is still slow to adopt similar opinions towards cryptocurrencies.

The finance ministry panel, which is operating under the department of economic affairs, was expected to release its proposal on cryptocurrency regulation in July. That proposal has since been delayed for an unforeseeable amount of time.

An unnamed government official working on the finance panel spoke to Quartz India, saying:

Blockchain is an interesting thing. We definitely want to milk it effectively for financial transactions. So, all officials are really trying hard to understand how to separately use blockchain, without cryptocurrencyAnd understanding a new software takes time.

The finance ministry has not yet responded to reports that cryptocurrency regulations will be finalized following further research on the topic.

Indias Complicated Relationship with Cryptocurrency

India began its battle against cryptocurrencies in April of 2018, when the Reserve Bank of India (RBI) isolated cryptocurrency exchanges by blacklisting them from financial institutions. This ban almost instantly dried up liquidity for India-based cryptocurrency exchanges, and officially began on July 5th.

The RBI made a statement at the time of the ban, saying in part:

It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling cryptocurrencies. Regulated entities which already provide such services shall exit the re...

19:52

Below $300: Ether Price Hits New Low for 2018 "IndyWatch Feed Crypto"

The price of Ethereum (ETH) just fell below $300 for the first time since November 12 of last year.

19:50

Crypto Cafe and Coworking Space Hash House Established in Xian, China "IndyWatch Feed Crypto"

Crypto Caf and Coworking Space Hash House Established in Xi'an, China

A new crypto cafe and coworking space, called Hash House, has been established in the city of Xian, China. It seems like a cool place to go whether you want to learn about the latest trends, develop your own project, or just grab a coffee for BCH.

Also Read: The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto Platform

Say Hello to Hash House

Crypto Caf and Coworking Space Hash House Established in Xi'an, ChinaHash House is a new crypto-themed cafe and coworking space in the Chinese city of Xi...

19:31

Bitcoin Price Makes Gains While Wider Crypto Market Struggles "IndyWatch Feed Crypto"

The Bitcoin price has risen by around 2 percent in the last 24 hours, increasing from $6,250 to $6,400. But, the rest of the crypto market is still struggling to gain momentum. Bitcoin is King in a Bear Market Since February, the cryptocurrency market has been in a bear market, the third worst in its Continued

The post Bitcoin Price Makes Gains While Wider Crypto Market Struggles appeared first on CCN

19:30

PR: BITTECH Offers Two Mining Machines, Equipped with Mining Chips Using a Cutting-Edge 10 Nm Process Technology "IndyWatch Feed Crypto"

BITTECH Offers Two Mining Machine, Equipped with Mining Chipsusing a Cutting-Edge 10 Nm Process Technology

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

BITTECH starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018. Bittech One based on 14 nm ASIC chip BT0014 is characterized by 28TH/s hashing power, while energy consumption makes 2200W.

A new range of mining hardware includes two models:
1. Bittech One Mini is a 10nm-based ASIC for private mining. ASIC is characterized by compact sizes, SHA-256-based 16TH/s hashing power, and 1150W power consumption. Retail price will make $880, including power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.
2. Bittech L-One is a new Scrypt-based solution for cryptocurrency mining (like LiteCoin). This is a 10nm BT0010La-based mining hardware with the hashing power of 2.3GH/s and energy consumption of 2600W. The miner is priced at $1970, including the power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.

BITTECHs mining hardware based on advanced 10nm semiconductor chips is an all-in-one solution with Murata/Artesyn inbuilt power supply units, supporting hot replacement. Even a newbie can set up its unsophisticated and user-friendly software. All miners are covered by 180-days warranty.

BITTECH Limited was engaged in R&D with regard to 10 and 14nm advanced chips since early 2017. At the mome...

19:16

Bitt Inks Blockchain Deal With Another Caribbean Central Bank "IndyWatch Feed Crypto"

Barbados based blockchain startup Bitt is partnering with the Centrale Bank van Cura, ao en Sint Maarten to look into issuing a main bank backed electronic money for the two nations. Bitt, a portfolio company of Overstocks Medici Ventures, said Monday that its signed a memorandum of understanding with the main bank to the Dutch Caribbean Coast Cura, ao and the founding country of the Netherlands Sint Maarten earlier this month. The goal of the deal would be to collectively examine the possibility of issuing a digital Cura, ao and Sint Maarten florin to replace the current Netherlands Antillean guilder.

The job will focus in part on testing know your customer/anti money laundering technology, according to announcements. CBCS acting president Leila Matroos Lasten explained the bank signed the MOU with Bitt because of this businesss regional experience in electronic obligations and its macroeconomic views. She added: The main bank is determined to address its challenges proactively by researching the most recent technology available, for instance, to reduce the level of cash use inside the monetary union, and also to facilitate more secure, more AML and KYC compliant and much more efficient fiscal transactions within and between Cura, ao and Sint Maarten. .

The MOU suggests that the bank recognizes the possible improvements that technology can bring, she added. The CBCS. Is dedicated to researching solutions concerning the efficacy transactions between jurisdictions and electronic payments while ensuring security and compliance assurances obtained by these state of the art solutions, Matroos Lasten was quoted as stating. This will be helpful to everyone. . The news comes a Couple of months later Bitt signed a comparable MOU with the Eastern Caribbean Central Bank, a central bank institution that covers Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia and St.

Vincent and the Grenadines. That trial might be utilized to develop new electronic payment and settlement systems and, if successful, could finally assist the bank issues a cryptocurrency of its own, as previously reported by CoinDesk. Image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
CoinDesk
strict set of editorial policies

19:00

Marvel Weighs Legal Move Against Crypto Startup's 'Wacoinda' Plans "IndyWatch Feed Crypto"

Marvel Characters is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation Wakanda from Black Panther.

18:47

Newsflash: Ethereum Price Falls Below $300, Pummeled to 9-Month Low "IndyWatch Feed Crypto"

A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months. Ethereum had traded as high as $323 earlier in the day, but a flurry of sell orders began to pummel the market at approximately 15:00 UTC, driving ETH closer and closer Continued

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18:46

Gullible Finnish Man Gave 4 Figure Bitcoin Fortune To Thai Men, In 2017! "IndyWatch Feed Crypto"

The Bangkok post reports that 22 year old Finnish man Aarni Otava Saarimaa allegedly gave a fortune of 5564.4 Bitcoins to a group of Thai men offering him the opportunity to invest in an online casino and an altcoin project they dubbed "Dragon Coin" (archived). Reportedly the Thai men instead converted the fortune into 797 million bhat of which 745 million bhat made it into their bank accounts. In a very Tradehillesque move, many of those bhat were further converted to real estate.

Local police have arrested a number of Thai men for connection to the plot while others they would like to arrest have fled, including one to the United States. Local police are insisting that despite earlier local reports which alleged a number of local politicians were involved, there were no politicians involved in fingering the Finn's Fortune.

18:45

Destroying the Illusion: My Thoughts on Filming for Comedy Central to Talk QAnon "IndyWatch Feed Crypto"

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Thank YOU for watching and supporting!

18:14

ICO Exit Scams Have Stolen Nearly $100 Million: Research "IndyWatch Feed Crypto"

The cryptocurrency industry may be maturing, but that doesnt mean its likely to shed its reputation as a playground for scam artists anytime soon. Thats according to a report from Diar, which found that ICO exit scams have now cost investors nearly $100 million. The majority of these stolen funds, an estimated $68 million, has Continued

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18:13

Bitcoin.com CEO Roger Ver Eyes ICO as Token Issuance Protocol Comes to Bitcoin Cash "IndyWatch Feed Crypto"

Bitcoin Cashs new token-generating Wormhole protocol could lead to Bitcoin.com ICO, says Roger Ver

18:00

Bitt Inks Blockchain Deal With Another Caribbean Central Bank "IndyWatch Feed Crypto"

Bitt is partnering with the Centrale Bank van Curaao en Sint Maarten to look into issuing a central bank-backed digital currency for the two nations.

17:50

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip "IndyWatch Feed Crypto"

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Last week, news.Bitcoin.com reported on the proposed consensus changes published by the Bitcoin ABC development team, and the opposition towards certain elements of that proposal from a few BCH community members. Now the blockchain firm and mining organization Coingeek, led by the billionaire tycoon Calvin Ayre, has revealed some different proposed changes to the BCH protocol that the group would rather support. Moreover, Coingeek also explains the company has designed a next-generation ASIC chip that will be unveiled during the last week of November in London.

Also read: The Opposition Towards Bitcoin ABCs Proposed Upgrade Changes

Craig Wright: The Plan is 128MB This November

Coingeek Speaks on Consensus Changes and Next-Gen ASIC ChipThree days ago we reported on the proposed changes being added to the next full node client published by the Bitcoin ABC development team. The new code changes should be in the next codebase release which is expected to be ready on August 15 for testing. As we discussed, the ABC developers plan to add canonical transaction ordering, a minimum...

17:23

Microsoft's Two New Patents Fuse Blockchain Tech With Trusted Computing Techniques "IndyWatch Feed Crypto"

Two new patents from Microsoft reveal that the tech giant is looking to bolster the security of its consortium blockchain solutions with the use of trusted computing techniques

17:20

Bitcoin Price Hits 7-Month High Against Turkish Lira "IndyWatch Feed Crypto"

Turkey's economic crisis looks to have boosted bitcoin's appeal as a safe-haven asset, pushing it to seven-month highs against the lira.

17:19

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs "IndyWatch Feed Crypto"

A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom. Based on a statement issued on Sunday, the standing committee cautioned against trading in cryptocurrencies due to adverse implications and a high risks on traders like theyre out of government supervision. . It moved on to explain: The committee assured that virtual currency including, for instance, but not limited to, Bitcoins are illegal in the realm and no parties or people are licensed for these clinics. The statement doesnt indicate what the consequences could be for parties found to be trading in cryptocurrencies.

Brought into being by a supreme decree, the Standing Committee for Awareness on Dealing in Unauthorized Securities Transactions on the Foreign Exchange Market was made by five of the Middle East nations watchdogs, including the Capital Markets Authority and the Saudi Arabian Monetary Authority, the nations de facto central bank. And also its own mandate over unauthorised securities, the committee also has the remit of notifying the relevant agencies of any digital currency actions so as to reduce their exposure to the general public. The warning follows the critical comment by the Saudi prince Al Waleed bin Talal at December 2017, where he explained bitcoin is simply going to implode one day .

The prince further compared the worlds biggest cryptocurrency by market valuation at Enron, the U.S. Energy company that collapsed in the early 2000 after disclosures of massive accounting frauds. Saudi Arabian flag picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
statement
remark
Saudi Arabian flag
strict set of editorial policies

17:17

Former S&P President Leads Seed Round for ICO Compliance Startup "IndyWatch Feed Crypto"

Regtech and compliance startup iComply has only completed a seed financing round led by former Standard and Poors president Deven Sharma. The firm that seeks to develop conventional compliance tools and services for other blockchain startups and particularly those that Launch first coin offerings or ICO declared Monday that it increased a seven figure number throughout the round, even though it didnt provide an exact figure. DMG Blockchain and Block X Capital also participated in the round. In its statement, iComply also disclosed that former CFTC official Jeff Bandman, former Nasdaq and Financial Industry Regulatory Authority executive Manny Alicandro, Massachusetts Institute of Technology Fellow Praveen Mandal and lawyer Thomas Linder have combined the startup as advisers.

In conversation with CoinDesk, Sharma said he chose to invest in iComply especially due to the startups concentrate on compliance and risk services for ICO. Compliance, he explained, will assist ease the concerns of regulators by ensuring transparency in ICO issuers. Sharma also believes that the company can assist adoption by supporting traditional financial services companies looking into the technology. My interest would be to see iComply evolve into a reference as investors may use to evaluate credibility of competencies, Sustainability of underlying services and the cost of ICOs, he explained. Matthew Unger, founder and CEO of the start-up, said in a statement that new ICO and trades Will Need to answer to regulators such as FINRA, the Financial Transactions and Reports Analysis Center of Canada and the Swiss Financial Market Supervisory Authority, among others.

As such, he explained, iComplys patent pending applications empowers both utility and security tokens to monitor and document compliance, governance and risk procedures, before public blockchain implements an immutable trade, supplying trust, integrity and transparency to our clients. . Sharma explained that the new tools such as blockchain still needs transparency to build investor confidence. Doing this, he explained, will allow for more expansion innovative ways to raise funds and investments I see iComply as an important component of creating whole ICO space more effective, since it provides the confidence . The concept of transparency and trust, he said, were what sparked his interest in blockchain to start with.

Nevertheless, Sharma said hes yet to invest in almost any token sales, telling CoinDesk: There were some ICOs who had a basically robust offering which I understood and did interest me . U.S. Cents image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurre...

17:08

Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change "IndyWatch Feed Crypto"

Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change

In a message on GEAR Tokens website, iconic political talk show host Larry King says that global climate change is threatening humanitys existence and is a potentially catastrophic issue from the combustion of fossil fuels ... putting immense pressure on the environment and on our health.

King says that this is simply not sustainable and the pace of innovations and investment in green energy and renewables is not enough to help counteract the use of dirty fuels.

King is focusing his energies as a member of GEARs Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology to reduce energy consumption in bitcoin mining that has given bitcoin a bad rap with environmentalists.

Aware that the U.S. government is also getting a bad rap from environmentalists, GEAR is hoping to counter any doubts that global climate change is a serious issue.

The GEAR team told Bitcoin Magazine:

We want to highlight the increasing importance of investing in green projects and startups, given the changing political landscape against efforts to prevent further global warming, such as the U.S. pulling out of the Paris climate accords.

Indi Pathak, president of GEAR, explained:

Our mission is to use blockchain and crypto to help and give back to the Earth through things such as building more and more tangible, real-world assets, such as hydroelectric farms, solar farms, etc. every year with GEAR GROW, while also using GEAR CAPITAL to fund and support startups working on the next big technological innovations in green energy and renewables.

Larry King calls GEAR the worlds first closed-loop green energy and renewables-focused token investment network helping to promote environmental sustainability.

Linking Traditional Investment Strategies With ICOs and Tokens

GEAR hopes to be a bridge for traditional investors between traditional investment tools and the new world of ICOs and tokens.

Pathak explains:

We want GEAR to be a way to connect and introduce standard fiat investors to crypto in a way they already understand and trust.

Using the team's background in traditional finance, we're aiming to bridge the gap between...

17:04

Saudi Arabia: Bitcoin Trading is Illegal in the Kingdom "IndyWatch Feed Crypto"

A standing committee comprised of various governmental ministries and the central bank of Saudi Arabia has warned that trading of unauthorized cryptocurrencies like bitcoin is illegal in the country. In a statement published by the Saudi Arabian Monetary Authority (SAMA) the sovereign Arab states deface central bank on Sunday, a governmental committee declared Continued

The post Saudi Arabia: Bitcoin Trading is Illegal in the Kingdom appeared first on CCN

17:00

WATCH LIVE: Byzantine Generals Problem & Bitcoin Governance with Chris DeRose "IndyWatch Feed Crypto"

By Vin Armani Watch live at 1 pm EST (10 am PST) In the first hour we look at how The Byzantine Generals Problem,...

16:13

Bitcoin Price Creeps Near $6,500 as Tether Issues $50 Million Worth of New Tokens "IndyWatch Feed Crypto"

The bitcoin price saw a slight bump on Monday, rising just under two percent to extend the markets weekend recovery into the new week. After trading as low as $6,109 on Saturday, bitcoin is now priced at $6,458 on Bitfinex, which translates into a $111 billion market cap. While there are many factors that impact Continued

The post Bitcoin Price Creeps Near $6,500 as Tether Issues $50 Million Worth of New Tokens appeared first on CCN

16:00

Former S&P President Leads Seed Round for ICO Compliance Startup "IndyWatch Feed Crypto"

Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor's chief Deven Sharma.

15:54

Chinas IT Ministry Makes Blockchain, Data Security Focus of One of Its Key Labs for 2018 "IndyWatch Feed Crypto"

Chinas Ministry of Industry and Information Technology has included a blockchain lab focused on data security on the list of its key labs for 2018

15:50

The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto Platform "IndyWatch Feed Crypto"

The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto Platform

In todays edition of Bitcoin in Brief, we cover the addition of Vietnamese ng fiat to Huobi OTC, venture capital fund Dymon Asia backing a new institutional crypto platform, and Paxful donations supporting the building of a second school in Rwanda.

Also Read: US Government to Aggressively Pursue Unregulated Services Around the World

Huobi OTC to Support Dng

The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto PlatformHuobi, the Singapore-headquartered trading venue, has announced its plan to support Vietnamese ng transactions on its proprietary peer-to-peer trading platform,...

15:27

FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month "IndyWatch Feed Crypto"

The US Financial Crimes Enforcement Network (FinCEN) now receives over 1,500 Suspicious Activity Reports, which concern cryptocurrencies like Bitcoin, every month. The statistics were presented by the FinCEN Director, Kenneth Blanco, during his speech regarding the US agencys views on decentralized digital assets and virtual currencies. The US Treasury, at the 2018 Chicago-Kent Block (Legal) Tech Conference, stated Continued

The post FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month appeared first on CCN

15:16

Blockchain Social Network Minds Is Migrating to Ethereum for Launch "IndyWatch Feed Crypto"

Blockchain based social network Minds is migrating its stage at the ethereum network, the startup announced Monday. After about four and-a half months on its Rinkeby test network, the startup will probably be moving to ethereum for its full live launch. The company claims to provide a censorship resistant, reachable social network for users, especially those from possibly authoritarian nations, based on a media release. The stage already sees around 500, 000 daily page views, Chief executive officer Bill Ottman told CoinDesk. The platform also claims approximately 1.25 million registered users, of which about 75% have already earned test tokens.

These users will be qualified to receive the platforms reside token through a free airdrop distribution as a result. We expect a general increase in transactions, both on off and chain, due to the activation of token withdrawals, purchases and rewards, he said. Ottman continued to say that the team had engineered a hybrid on chainoff chain model to ensure the system can deal with the volume is seeing and also to supply a simple user experience for crypto newcomers. The on off and chain model will also aid the platform handle big user amounts without congesting the ethereum network, in accordance with the company.

Users could pay tokens to ensure a larger number of individuals see their articles, or win chips by interacting with the content. Users could also utilize it to pay creators directly and subscribes to premium content. Ottman stated the use case has been popular on the testnet, forecasting the decentralized platform will become one of the very popular applications on ethereum as a consequence of the launch. The CEO expected few problems ahead, stating the only disruption will likely be a 24 hour dip in provides a refuge for people seeking an avenue for global interaction and ideas exchange. Ether on a keyboard picture via CoinDesk. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
ethereum
Ether on a keyboard
strict set of editorial policies

15:00

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs "IndyWatch Feed Crypto"

A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom.

14:44

Turkish Liras Collapse Sees Media Highlight Bitcoins Relative Stability "IndyWatch Feed Crypto"

Turkish lira versus Bitcoin volatility becomes major talking point, as interest in the cryptocurrency increases in Turkey

14:30

Destroying the Illusion: What Supplements Does Jordan Take? "IndyWatch Feed Crypto"

IG https://www.instagram.com/jaysather/

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Thank YOU for watching and supporting!

14:24

Former Visa CEOs Startup Runs the Fastest Crypto Transactions in the World "IndyWatch Feed Crypto"

Blockchain-based fintech startup Crypterium challenges classic banks by introducing a new feature that allows its users to transfer any amount of cryptocurrency using not the complicated wallet addresses, but simply the recipient phone number. Those transfers happen simultaneously, and the company claims it can process up to a million transactions per second, solving blockchains scalability issue.

Does it mean the first truly user-friendly crypto solution has arrived, and were witnessing the Netscape moment for the whole industry? Marc OBrien, who has held the position of CEO of Visa UK for six years, to then become a key advisor to Revolut, Britains first digital bank unicorn, bets on the house that it did.

Going Mainstream

Almost all blockchain applications are not user-friendly. Tech-savvy people have created them for other tech-savvy people, and those solutions are still very confusing for both businesses and consumers who are not as computer literate.

Former Visa UK CEO Marc OBrien has set a goal of bringing the crypto industry mainstream and making it more user-friendly. Were on our way to the 21st centurys Netscape moment, the day when a California startups eye-popping market debut illuminated the World Wide Web for millions of people, otherwise only vaguely familiar with its potential and promise, he explains, mentioning that his own startup, Crypterium, makes buying, selling and spending of cryptocurrency in everyday life as easy as possible, and thats what will bring the next billions of people to using crypto.

Problems unsolved

There are two key problems all crypto holders are facing today while trying to transfer coins and tokens to each other. First of all, you can get confused with the wallet address. This is how they look like 0xc5b133a52145990313915612bd732f059330287f so getting confused is really easy. And once you do, you never get your money back.

There are also special hacker apps, such as CryptoShuffler, that change the address of the wallet while it is being copied. So in the Send to the wallet field, you enter the thiefs wallet number.

The second problem is that any transaction takes a while. If we are talking about Ethereum, it could be minutes, if it i...

14:09

Crypto Fund Launches Projected to Hit a Record Number in 2018 "IndyWatch Feed Crypto"

Despite the persistent bearish environment and unfavorable regulatory conditions in various parts of the world, the number of new crypto funds unveiled this year is expected to break last years record. So far the number of new crypto funds that have already been launched is 96 and it is projected that by the end of Continued

The post Crypto Fund Launches Projected to Hit a Record Number in 2018 appeared first on CCN

14:00

Blockchain Social Network Minds Is Migrating to Ethereum for Launch "IndyWatch Feed Crypto"

Blockchain-based social network Minds is moving its platform to the ethereum mainnet, the startup announced Monday.

13:50

Create an Unforgettable Wallet Seed by Building a Memory Palace "IndyWatch Feed Crypto"

Create an Unforgettable Wallet Seed by Building a Memory Palace

A 12 or 24-word recovery seed is the key to your cryptocurrency wallet. Thats why, upon creating it, youre prompted to write it down and store it in a safe place. But what if you didnt have to write it down? What if there was a virtually failsafe means of committing those words to memory, enabling you to recall them at a moments notice? As it happens, there is. Its called a memory palace and, with a little practice, it provides an effective means of developing an unforgettable wallet seed.

Also read: An In-Depth Look at the Cryptocurrency Economys Stablecoin Trend

Build a Memory Palace and Lock Your Crypto Away from Fire and Thieves

Create an Unforgettable Wallet Seed by Building a Memory PalaceIn his 2011 book Moonwalking with Einstein: The Art and Science of Remembering Everything, Joshua Foer details the astoni...

13:19

Chinas Communist Party Publishes Blockchain Tech 101 for Officials "IndyWatch Feed Crypto"

The Chinese government going to make blockchain literacy the norm over people offices with the publication of an explainer for officials and members of the communist party. Released from the publishing house of the Peoples Daily the partys news outlet the book is titled Blockchain A Guide for Officials, according to a report from the information outlet on Monday. Beginning with an explanation of the source and characteristics of blockchain, the guide moves onto the current and future applications and also challenges the technician brings to the company and legal world. In accordance with the Peoples Daily, the goal is to assist government representatives better understand the concept of blockchain as part of a broader effort to facilitate the development and adoption of the technology.

Ye Zhenzhen, head of the Peoples Daily, writes in the book. The largest impact of blockchain lies in its operation mechanics. Which seeks to reach consensus as a way to regulate a community. It offers us a brand new angle to think about and solve unique issues. The campaign comes right after Chinese President Xi Jinping recognized the potential of the blockchain at a public address wherein he commented that the technology is among several breakthroughs that have reshaped the global economy. Presently, one of the cabinet level ministries under Chinas State Council can be charting a framework for blockchain standardization to assist the creation of regulatory advice for the technicians development in the nation. Book image via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
report
acknowledged
charting
Book
strict set of editorial policies

13:00

Bitcoin Price Move Past $6.5K Would Boost Upside Potential "IndyWatch Feed Crypto"

Bitcoin's corrective rally could gather steam above the key descending trendline hurdle of $6,480.

12:41

Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports "IndyWatch Feed Crypto"

After months of deliberation, Vietnam has moved to halting imports of cryptocurrency mining equipment according to a customs department in the country. Domestic businesses and individuals have stopped importing crypto mining equipment altogether since the beginning of July, according to the Ho Chi Minh City (HCM) Customs Department, as reported by Viet Nam News on Continued

The post Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports appeared first on CCN

11:59

Stellar (XLM) Gains as Crypto Markets Lift From Bottom "IndyWatch Feed Crypto"

FOMO Moments

Crypto land is healing slowly, Stellar doing well, Tezos getting hammered

The weekend bottom seems to have been found and markets are holding just above it at the moment. There has been no clear indication of a recovery as total capitalization has inched up only marginally over the past 24 hours.

Bitcoin has held the $6,400 support level and has made 2% on the day to climb to $6,480. Volume has jumped from $4 to $6.6 billion which is a bullish signal for BTC. The same cannot be said for Ethereum which is still languishing around the $320 level, its lowest this year, and showing no positive signs at all.

The altcoins are predominantly in the green at the moment, clawing back a little from those massive dumps over the weekend. Once again it is Stellar that is showing the most gains when markets start to bounce back. According to Coinmarketcap XLM is up 7% on the day to $0.238, and it has weathered this storm much better than its brethren. Stellar has regained all losses over the week to trade slightly higher than its level this time last Monday. It has made 30% on the month and is up 5% against BTC on the day to 3740 satoshis.

Other altcoins in the top ten are only showing very small gains on the day. Looking further down the list Iota and Nem have made a couple of percent back but the rest are still flat. Tezos has been battered once again dropping another 9% today to trade at $1.44. OmiseGO is also in pain as is Decred and Zilliqa with further losses on the day.

In the top one hundred Peercoin is making the biggest move with a 34% pump at the moment. Dentacoin and Aelf have also recovered double digits at the moment. Alongside Tezos is Maidsafecoin which is also down 9%, Wanchain is also having a rough time right now, down 7%.

Total crypto market capitalization has gained 1.8% on the day to $219 billion. On the week however it has collapsed 14% to a yearly low of $207 billion on Saturday. Trade volume is up from $12 to $17 billion as traders load up on bargain basement prices. Bitcoins market dominance continues to climb and is now at 51.2%, its highest level since December.

...

11:50

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX "IndyWatch Feed Crypto"

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX

In recent news pertaining to cryptocurrencies, a Chinese court has rejected an appeal from a trader disputing a previous decision that mandated he repay the value of 5 BTC accidentally credited to his Coinnice account, the CEO of Binance has demonstrated the companys upcoming decentralized exchange (DEX), and Okexs head of operations has discussed the companys recent socialized clawback.

Also Read: Stablecoins Gaining Popularity in India to Minimize Central Banks Impact

Chinese Court Backs Exchange in Dispute Over 5 BTC Accidentally Credited to Trader

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEXA Chinese court has rejected an appeal made by a bitcoin trader who was recently mandated to repay the fiat value of 5 BTC accidentally credited to him by an exchange operated by Beijing Grape Technology Co. The 5 BTC had been credited to Li Jianfengs...

11:39

Does 50% Decline in the Turkish Lira Prove Bitcoin is Better Than Fiat? "IndyWatch Feed Crypto"

The Turkish lira has fallen by 50 percent since September 2017, from $0.3 USD to $0.15 USD. While Bitcoin has fallen more than the lira in the past 12 months, investors of Bitcoin still are capable to withdraw and cash out their investments in crypto.

Strict Capital Controls

Currently, the price of the Turkish lira against the US dollar is hovering at around $0.15. But, similar to the Venezuelan bolivar, the value of the lira is difficult to justify given that as of now, it is not possible for merchants, businesses, and individuals to exchange their holdings in lira to other foreign currencies.

The value of an asset and currency is subjective and as a currency, the value of the lira is largely affected by its capability of operating as a medium of exchange. If the lira cannot be exchanged to other foreign currencies, not only is it hard to justify the value of lira at the current price range, but it is difficult to give a valuation to the lira.

On Friday last week, US President Donald Trump announced the imposition of tariffs against the Turkish economy, demanding the government of Turkey to free an American priest held hostage in the region.

Almost immediately after the statement of President Trump was released, the price of the lira plummeted by 20 percent.

Kerry Craig, an analyst at JPMorgan, said in a note obtained by CNBC:

The decline in the lira is multifaceted, caused not only by a weak external position in terms of current account deficit and inadequate currency reserves, but also the challenging political environment which exacerbates the vulnerabilities in the lira. A mid-meeting rate hike and tightening of monetary policy may help to avert the liras decline, to some extent.

The real issue with the national currency of Turkey is that local financial authorities have disallowed merchants, businesses, and individuals from sending the lira outside of the country or purchasing foreign currencies with it.

Turkey President Tayyip Erdogan has repeatedly asked the citizens of Turkey to hold onto the lira amidst one of the most intense devaluation...

11:30

China's Communist Party Publishes Blockchain Tech 101 "IndyWatch Feed Crypto"

China's Communist Party is moving to make blockchain literacy the norm with the publication of a guide book for officials and members.

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