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Monday, 19 February

07:30

Ripple Price Technical Analysis Can XRP/USD Hold $1.00? "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price after an upside move faced a strong resistance at $1.1500 against the US dollar.
  • There was a break below a connecting bullish trend line with support at $1.0800 on the hourly chart of the XRP/USD pair (data source from SimpleFx).
  • The pair is currently holding the $1.00 support, but it is struggling to move higher.

Ripple price made a downside move recently against the US Dollar and Bitcoin. XRP/USD must stay above the $1.0000 support area to avoid further declines.

Ripple Price Resistance

There was a substantial recovery above $1.10 this past week in Ripple price against the US Dollar. The price traded above the $1.12 and $1.14 level, but it could not break the $1.15 resistance. It formed a high at $1.1508 and later started a downside move. It declined and broke the $1.10 support area to settle below the 100 hourly simple moving average.

During the downside, there was a break below a connecting bullish trend line with support at $1.0800 on the hourly chart of the XRP/USD pair. However, the downside move was protected by the $1.0000 support. A low was formed at $1.0055 before the price started an upside correction. It traded above the 23.6% Fib retracement level of the last decline from the 1.1508 high to $1.0055 low. However, the upside move was protected by the $1.06 level and the 100 hourly SMA. On the upside, there is a bearish trend line with resistance at $1.0700 on the same chart.

Ripple Price Technical Analysis XRP USD

Therefore, an upside move above $1.06 and $1.07 wont be easy. On the downside, the pair must hold the $1.00 support level to avoid further declines. Below $1.00, the price may decline towards $0.8500 in the near term.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently well below the 50 level.

Major Support Level $1.0...

07:30

This Week in Bitcoin: Hip Hop and You Dont Stop "IndyWatch Feed Crypto"

This Week in Bitcoin: Hip Hop and You Dont Stop

For the first time in forever okay, a month bitcoin is looking bullish again. Not wreck-a-china-shop bullish, but enough for us to focus on things other than price action. Things like hip-hoppers whose love affair with bitcoin is blossoming. And cult-like altcoin fanatics whose taste for the Kool-Aid is strengthening. Like a glutinous Chinese soup, weve got a little bit of everything stirred into This Week in Bitcoin.

Also read: American ATM Network Athena Bitcoin Adds Bitcoin Cash Support

The Rich Get Richer

If theres one thing the 65% market dip has been good for, its helping bitcoin whales get richer still. You speculate, they accumulate, and the gap between the rich and the poor widens. Ridiculous wealth has its downsides though, like fending off increased scrutiny from the taxman. If U.S investors thought they had things bad with the IRS sniffing around on the blockchain, they should spare a thought for their Japanese counterparts, who are stung by capital gains tax on crypto trading profits of as much as 55%.

...

07:30

Protect Yourself And Your Cryptocurrency From Real Criminals "IndyWatch Feed Crypto"

Security experts advise on how to keep yourself and your digital coin safe from  thieves that focus on the crypto-wealthy.

Criminals targeting cryptocurrency investors

Cases of thieves targeting those who have gotten wealthy from the boom in Bitcoin, Ethereum and other digital currencies are on the rise worldwide. From Phuket, Thailand, to Manhattan to the Ukraine, stories of kidnappings and even killings for access to peoples Bitcoin is becoming a staple in the world news.

Fiat currency accounts in traditional banks and other holding systems have elaborate checks and countermeasures developed over a long time against thieves. The anonymous nature of cryptocurrency though assures criminals that once they have access to and can transfer the information to their own wallets it is nearly impossible to track down their identities.

Chainalysis is a company that specializes in tracing criminal activity on the Blockchain. Jonathan Levin the founder of the company has assisted law enforcement all over the world to try and track down stolen Bitcoin and its like.

Even when a transaction can be tracked through the Blockchain ledger though the anonymous design of cryptocurrency allows criminals not to have their true identities linked to their accounts. This is where the trail goes cold and not much more can be done.

For this [crime], the advantage of Bitcoin is that its hard to verify, said Chanut Hongsitthichaikul an investigator with the Chalong Police Station in reference to the extortion case in Thailand that involved a young Russian couple who were held in their apartment by armed assailants until $100,000 worth of cryptocurrency was transferred.

The police were able to track the victims laptop to Kuala Lumpur where it was discarded and that was where the investigation ended.

This is now becoming more pervasive and touching more law enforcement divisions that deal with organized crime and violent crime on a local level,

Jonathan Levin, founder of Chainalysis.

New security being developed

Recently a group of about 170 leaders in the crypto world held a panel discussion about security in Cancun Mexico. Calling the meeting the Satoshi roundtable the group discussed how individuals could protect themselves and their holdings from crypto thieves.

One measure that came from the meetings was having a duress wallet. That is a wallet with a small amount of currency to throw thieves off the trail of larger holdings.

Over...

06:00

Ethereum Price Technical Analysis Can ETH/USD Hold This? "IndyWatch Feed Crypto"

Key Highlights

  • ETH price is correcting lower, but it is holding the $900 support area against the US Dollar.
  • There is a short-term bearish trend line forming with resistance at $920 on the hourly chart of ETH/USD (data feed via SimpleFX).
  • The pair is now below the 100 hourly simple moving average and $950, which are likely to act as resistances.

Ethereum price is moving lower further against the US Dollar and Bitcoin. ETH/USD has to hold the $900 support level to remain in a bullish trend.

Ethereum Price Support

There was a nice upside move above $940 this past week in ETH price against the US Dollar. The price traded above the $950 level, but it could not test the $1,000 level. A high was formed at $970 from where a downside correction was initiated. It moved down and broke the 38.2% Fib retracement level of the last wave from the $868 low to $970 high.

There was also a break below the $925 support and the 100 hourly simple moving average. However, the downside move was protected by the $900 support. A low was formed at $895 and the price started an upside correction. It traded above the 23.6% Fib retracement level of the last decline from the $970 high to $895 low. However, the price failed to gain upside momentum above the $930 level and the 100 hourly SMA. It failed to break the 50% Fib retracement level of the last decline from the $970 high to $895 low.

Ethereum Price Technical Analysis ETH USD

On the upside, there is a short-term bearish trend line forming with resistance at $920 on the hourly chart of ETH/USD. As long as the pair is below the trend line, $930 and 100 hourly SMA, it could continue to struggle.

Hourly MACD The MACD has moved into the bearish zone.

Hourly RSI The RSI is now well below the 50 level and is showing bearish signs.

Major Support Level $900

Major Resistance Level $930

 

Charts courtesy ...

06:00

Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00008 BTC
0.00010 BTC = 1.35 AUD
Converter

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 1.06 USD
1.00 USD = 0.00009 BTC
Converter

05:55

Indians Look to Buy Bitcoin Overseas as Regulations Tighten "IndyWatch Feed Crypto"

Indians Look to Buy Bitcoin Overseas As Regulations Tighten

As cryptocurrency regulations start to pile up in India, a new trend is emerging for Indians to acquire cryptocurrencies from abroad, such as from relatives or friends with overseas accounts.

Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License

Increased Regulations

Indians Look to Buy Bitcoin Overseas As Regulations TightenThe Indian government has recently intensified its efforts to strengthen the countrys regulations on cryptocurrencies, promising that a regulatory framework for them will be announced soon. Earlier this month, the Indian tax authority issued notices to 100,000 crypto traders asking them to pay taxes.

The Blockchain and Cryptocurrency Committee (BACC), an industry group whose members include 7 cryptocurrency exchanges, is considering several initiatives, such as...

05:46

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

FOMO Moments

A Sunday pull-back is becoming almost regularity in the crypto markets and a red Monday morning is the result.  Bitcoin made it to a weekly high of $11,300 before cooling off a little and retreating back to $10,600 where it currently trades. The correction has taken all of the altcoins with it and most are in the red during the Asian trading session this morning.

To find one that is performing well we need to leave the top 25 once more and go further down the chart. Nothing really stands out in the top 50 which takes us all the way down to 71 and a token called Polymath which is trading 16.3% higher. This newcomer to the altcoin world is trading at $1.35 up from $1.11 yesterday while all others are in decline.

Polymath is a securities based token which aims to allow them to be migrated to the blockchain. According to the white paper, which has only been published this month, Polymath provides a decentralized protocol for trading security tokens enabling s individuals and institutions to authenticate their identity, residency, and accreditation status to participate in a wide range of security token offerings. Using the network organizations and companies can launch ST20 tokens that are already automatically legally compliant and regulated security tokens. Tickets for their up and coming Polycon security token conference in the Bahamas have already sold out.

Interest in POLY, which has only really been traded on the Kucoin exchange since early February, spiked on the 12th. Current market capacity sits at $318 million and there are 1 billion POLY tokens available with 239 million currently circulating.

The only cryptocurrency in the top 25 showing a slight gain this morning is Ethereum Classic, up 0.75% to $34.39.

 

More on Polymath can be found here: https://www.polymath.network/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and fundamentals. 

The post Asian Altcoin Trading Roundup: Top Cryptocurrency is Polymath appeared first on...

05:09

Bitcoin Price Technical Analysis for 02/19/2018 Aiming for Extension Levels? "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price is still trending higher after breaking above a few key resistance levels.
  • Bulls are gaining traction and allowing price to move above an ascending trend line on the 1-hour time frame.
  • Price appears to have completed its pullback from the recent rally and could head up to the extension levels next.

Bitcoin price looks ready to resume its rally after a brief pullback to a short-term rising trend line.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This confirms that the uptrend is more likely to continue than to reverse. Also, the 100 SMA lines up with the ascending trend line to add to its strength as support.

Stochastic is also pulling up from oversold levels to signal a return in bullish pressure. RSI is on the move down, though, so bears might still have enough energy for another test of support or perhaps a breakdown.

If a bounce happens, bitcoin price could aim for the 38.2% Fibonacci extension level at $11,141 or the 50% extension closer to $11,500. The 61.8% extension is at $11,830 then the 76.4% extension is at $12,257. The full extension is near the $13,000 mark.

Market Factors

The dollar regained some ground to its peers on Friday when traders likely booked profits ahead of the Presidents Holiday today. There are no major reports due from the US economy but the lower liquidity could give rise to more market volatility.

Sentiment improved for bitcoin over the past week as an official from the South Korean government remarked in the earlier weekend that they are open to pursuing something like BitLicense. This would pave the way for regulation without hampering development in the cryptocurrency industry.

Looking ahead, sustained risk appetite and dollar weakness might continue to prop bitcoin price up, provided that there are no major changes to sentiment. The FOMC minutes are due, though, and more hawkish hints could still renew dollar demand and weigh on bitcoin.

The post Bitcoin Price Technical Analysis...

05:08

Bitcoin Cash Price Technical Analysis BCH/USD Breaks Short-term Support "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price after a nice upside move found sellers near the $1,600 level against the US Dollar.
  • There was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD (data feed from SimpleFX).
  • The pair is currently holding the $1,400 support, but it may remain under pressure for some time.

Bitcoin cash price lost momentum above $1,600 against the US Dollar. BCH/USD is currently correcting lower and is showing a few bearish signs.

Bitcoin Cash Price Resistance

There were decent gains this past week above $1,500 in bitcoin cash price against the US Dollar. The price traded above the $1,550 and $1,600 levels. However, the price was not able to maintain momentum above $1,600 and started a downside move. A high was formed at $1,617 and later the price corrected below $1,550. It also moved below the $1,400 support and the 100 hourly simple moving average.

Moreover, there was a break below a short-term bullish trend line with support at $1,520 on the hourly chart of BCH/USD. Later, the pair recovered and moved above the $1,400 level and the 100 hourly SMA. It corrected above the 23.6% Fib retracement level of the last decline from the $1,617 high to $1,381 low. However, the upside move failed near the $1,500 level. BCH price could not move above the $1,500 level and is currently trading in a bearish zone.

Bitcoin Cash Price Technical Analysis BCH USD

The 50% Fib retracement level of the last decline from the $1,617 high to $1,381 low was tested recently. It means the price completed an upside correction and it may decline once again towards or below $1,400. Below $1,400, the price mat decline towards $1,320.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for BCH/USD has moved below the 50 level and is showing bearish signs.

Major Support Level...

04:35

The Real Problem With Nocoiners "IndyWatch Feed Crypto"

What makes a nocoiner a nocoiner is not simply the absence of cryptocurrency from his investment portfolio, but his sanctimonious attitude about it.

03:51

Bitmex Research: Tether Not a Ponzi But Susceptible to Shutdown "IndyWatch Feed Crypto"

Bitmex Research: Tether Not a Ponzi But Susceptible to Shutdown

The research arm of Bitmex exchange is back with another detailed and wide-ranging investigation. This time its Tether, the company and its U.S. dollar-backed token that frequently comes in for scrutiny. A typically well-researched post outlines whether theres precedent for U.S. regulators shutting down the service, and explores allegations that tethers are not backed by fiat currency reserves.

Also read: Trading Tip `The Wall Drop Tokens That Suffer From Overtokenization

Tether Takes Center Stage Once Again

Bitmex Research: Tether Not a Ponzi But Susceptible to ShutdownIn the last couple of months, everyone from Ari Paul to Weiss Ratings has weighed in on the Te...

03:20

In 10 Years We Wont Have Blockchains "IndyWatch Feed Crypto"

In 10 Years We Wont Have Blockchains by Will Murphy Coin Desk I predict that in 10 years blockchain technology will improve to a level that calling it blockchain will no longer be a useful term. Lets think about this...

The post In 10 Years We Wont Have Blockchains appeared first on The Daily Coin.

02:00

Petro: Risky Gamble or Golden Opportunity? "IndyWatch Feed Crypto"

Venezuelas Petro cryptocurrency will attract investments from Turkey, Qatar, the U.S., and Europe, the countrys cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The Petro will be offered for sale this Tuesday, February 20th, and comes as Venezuela is suffering from quadruple-digit inflation and chronic shortages of food and medicine.

Venezuelan President Nicolas Maduro announced the launch of the Petro in December. Maduro has repeatedly said that his country is the victim of an economic war  prompted by financial sanctions imposed by the United States and that the sale of the new digital currency will help the South American country circumvent this problem.

On Tuesday, there will be quite a few announcements about the start of the process, Vargas said on the sidelines of a political meeting in Caracas. And there will surely be a lot of investors from Qatar, Turkey, and other parts of the Middle East, though Europeans and Americans will also participate.

Skeptics say that concerns about Venezuelas financial solvency will likely limit investor interes, and the U.S. Treasury Department has warned the Petro may violate sanctions against the OPEC (Organization of Petroleum Exporting Countries) nation. These sanctions levied last year by Washington block U.S. banks and investors from acquiring newly issued Venezuelan debt, effectively preventing the country from borrowing abroad to bring in new hard currency or refinance existing debt.

Venezuelas Superintendence of Cryptocurrencies and Related Activities as well as the Blockchain Observatory, will regulate how the Petro, which is backed by 5 billion barrels of oil reserves, functions. This is going to allow us to move forward to new ways of international financing for the countrys economic and social development, Maduro said.

Since its inception, the Petro has been controversial. Even Venezuelan lawmaker Jorge Millan had strong words against about the coin: This is not a cryptocurrency, this is a forward sale of Venezuelan oil, adding, It is tailor-made for corruption.

But that didnt stop the President from moving forward. In January, Maduro announced that over 800,000 Venezuelans had already been recruited to mine t...

01:55

Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel "IndyWatch Feed Crypto"

Bitcoin Divorce Presents New Challenge for Rabbinical Court in Israel

While some state authorities and financial regulators might deride bitcoin, more people are using the cryptocurrency in their everyday lives. This has recently become evident by divorce cases around the globe involving bitcoin, with the latest example coming from Israel.

Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency

Bitcoin Wedding

Bitcoin Divorce Presents New Challenge for Rabbinical Court in IsraelJewish groom signing a ketubah at his wedding

A rabbinical court in Israel is now facing a bitcoin-related quandary for what appears to be the first time ever. The religious tribunal is asked to rule on the cryptocurrency in a matter of a specific divorce.

An Israeli couple, identified as a top female banker and a male executive at an investment firm, both in their e...

01:48

00:30

Cryptocurrencies Surging in Africa as Alternatives to Traditional Banking "IndyWatch Feed Crypto"

Africa is rarely considered to be one of the larger markets for cryptocurrencies, but with the right factors in place such as an increasingly tech-savvy populous and inflation triggered by central banks that might be set to change.

Case in point: The surge in popularity of cryptocurrencies has contributed to the opening of at least 15 new trading venues in South Africa within the past year alone. And peer-to-peer marketplaces also recorded a surge in trading volumes as Bitcoins price reached historic highs at the end of last year.

Global wallet and exchange Luno reported 2000 BTC worth of transactions in November 2017, when the coins price was hovering in the $10,000 range, and approximately 37% of those transactions occurred in South Africa. Luno began operations in 2013 and boasts 1.5 million users spread across 40 countries including Indonesia, Malaysia, Nigeria, South Africa, and the U.K. The company has big plans: By 2025, it plans to reach 1 billion customers. To put that in context, North Americas largest cryptocurrency exchange, Coinbase, had 11.7 million users last year. 

The South African government is also making moves. The countrys central bank has launched a program that will trial JPMorgans Quorum blockchain in interbank clearing and settlement. According to an official statement dated February 13th, the South African Reserve Bank (SARB) revealed it has established a fintech program that will prioritize, among other things, a project dubbed Khokha to explore a proof-of-concept (PoC) using the tech.

Why is Africa Becoming Such a Big Market?

First, conditions in the continent are conducive to the adoption of cryptocurrencies with many countries in the continent such as Zimbabwe, South Sudan, and Nigeria, suffering from rampant inflation. What makes cryptocurrencies so appealing is their decentralized method of operation, permitting them to become alternatives to fiat currencies that have been de-railed thanks to disastrous central banking policies.

Second, the increasing use of mobiles and other computing technology within the continent has helped its population become comfortable with cryptocurrency technology. New businesses that use blockchain are emerging all the time: Kenya-based BitPesa, for example, is a payment platform and money transfer service that works with 6...

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Sunday, 18 February

23:36

American ATM Network Athena Bitcoin Adds Bitcoin Cash Support "IndyWatch Feed Crypto"

American ATM Network Athena Bitcoin Adds Bitcoin Cash Support

Bitcoin cash (BCH) is now available for trading in dozens of new physical locations across the US. The American ATM network Athena Bitcoin has added support for buying and selling the cryptocurrency for fiat cash on all its machines.

Also Read: Polish Financial Authorities Paid Youtuber to Smear Cryptocurrency

Bitcoin Cash ATM Network

Midwest US-based cryptocurrency ATM network Athena Bitcoin has recently announced that bitcoin cash (BCH) has been made available on all of its machines. This is only the third cryptocurrency now supported by the ATM network following bitcoin (BTC) and litecoin (LTC).

Athena machines offer both the buying and selling of cryptocurrency, which means American BCH holders have gained not only a new convenient method to increase their stockpile of the cryptocurrency but also the ability to easily exchange it for fiat in case they need to pay in shops that dont accept credit or crypto.

The company explains to clients that bitcoin cash is a fully independent currency that features a different price, development team, and community compared with BTC, and that they will therefore need to use a BCH supporting wallet for buying the cryptocurency. The Athena Bitcoin wallet does not support BCH yet, but the company promises that it will be soon after an upcoming update.

...

23:04

Polish Central Bank Paid Youtuber to Attack Cryptocurrencies "IndyWatch Feed Crypto"

Polands central bank Narodowy Bank Polski (NFB) has admitted to paying for social media campaigns that attacked the legitimacy of cryptocurrencies. The bank spent 91,000 zloty ($27,100) on the campaigns, with the money going to Google, Facebook, and a Polish Youtube partner network called Gamellon, Money.pl reports. The news comes after the site published a letter from NFB in which it admits it paid for the anti-crypto campaign.

While its not unusual for governments or agencies to issue warnings or try to educate the public on what regulators may consider risky investments, Polish financial authorities have taken it a step further, spending taxpayers money on a smear campaign trying to sway public opinion against crypto assets by paying social media influencers to attack them. The bank worked in cooperation with the countrys Financial Supervision Authority, Komisja Nadzoru Finansowego (KNF).

The money went to a Polish Youtube network that represents many popular, young content creators. A video with the title I LOST ALL MONEY?! which depicted investments in cryptocurrencies in a negative light appeared on December 8th on Marcin Dubiels channel, a Polish Youtube prankster who has over 900,000 subscribers.

Dubiels video, which has over 500,000 views, contains the hashtag #uwaajnakryptowaluty. The tag is associated with the Watch out for cryptocurrencies website, which was set up by the central bank. The Planeta Faktw (Planet of Facts) Youtube channel was also paid to produce a video titled 10 differences between money and cryptocurrency that you need to know.

Of note is that the video was not marked on Youtube as including paid promotion, and there is also no mention in its description that it is part of the campaign for which the NBP paid. Polish technology website Spiders Web notes that this is against the law in Poland, where sponsored content has to be marked as such. Furthermore, judging by the quality of the content, its distribution channels, and its creators, the smear campaign appears to target a younger generation.

This type of attack, one that utilizes social media, is a fast-growing method for influencing public opinion. Over the past few days,  the U.S. Justice Department has charged 13 Russians and three companies in an indictment that unveiled a sophisticated network designed to subvert the 2016 election and to...

23:00

CFTC Offers $100,000 Bounty to Crypto Pump-and-Dump Whistleblowers "IndyWatch Feed Crypto"

$100,000 Bounty Available to Crypto Pump-and-Dump Whistleblowers

The US Commodity Futures Trading Commission (CFTC) has created a bounty to encourage whistleblowers coming forward in exposing pump-and-dump schemes. Customers should not purchase virtual currencies, digital coins, the CFTC warned, or tokens based on social media tips or sudden price spikes. Thoroughly research virtual currencies, digital coins, tokens, and the companies or entities behind them in order to separate hype from facts.

Also read: Citibank India Bans Bitcoin 

Pump-and-Dump Bounty

To eat at scammers anonymity at least, the CFTC is offering, If you have original information that leads to a successful enforcement action that leads to monetary sanctions of $1 million or more, you could be eligible for a monetary award of between 10 percent and 3...

22:36

These Firms Are Milking the Cryptocurrency Markets for Astronomical Profits And Youve Probably Never Heard of Them "IndyWatch Feed Crypto"

The post These Firms Are Milking the Cryptocurrency Markets for Astronomical Profits And Youve Probably Never Heard of Them appeared first on CCN

What US cryptocurrency-related company makes the highest amount of legal revenue per employee? No, its not Coinbase, and unless youre particularly tuned into the financial markets youve probably never heard of it. Thats according to Tim Swanson, founder of tech advisory firm Post Oak Labs. Writing on Twitter, the former R3 executive related Continued

The post These Firms Are Milking the Cryptocurrency Markets for Astronomical Profits And Youve Probably Never Heard of Them appeared first on CCN

22:31

Malta to Give Peace of Mind to Crypto Companies "IndyWatch Feed Crypto"

Malta to Give Peace of Mind to Crypto Companies

The government of Malta has come up with an idea that businesses dealing with cryptocurrencies may find interesting. A new policy document seeks to set up a special agency which will certify blockchain platforms and verify crypto transactions. It is supposed to bring peace of mind to companies using these technologies to cut out central authorities and banks. Valletta also proposes legislation that will define the roles of intermediaries and regulate initial coin offerings.

Also read: Gibraltar Launches Regulation to Protect Cryptocurrency Value and Reputation

Government Will Provide Legal Certainty and Trust

The new Malta Digital Innovation Authority will certify blockchain platforms used by companies in the country. It will also be responsible for verifying cryptocurrency transactions by checking if the logged information is genuine. The government hopes to bring some peace of mind to businesses using distributed ledgers for cross-border payments.

Authorities in Valletta are recognizing that companies utilize blockchains to cut out central authorities. However, they acknowledge that the technology allows for cheaper and more efficient money transfers. Worried that those platforms are not currently certified in any way, the government has decided to provide some legal certainty and trust. Officials believe companies will benefit from the work of the new authority, while also cutting out intermediaries such as banks.

...

21:22

Why Switzerland is Becoming a Crypto Nation with a Flourishing ICO Market: Expert Take "IndyWatch Feed Crypto"

How regulatory approach makes Switzerland a cryptocurrency tax haven #EXPERT_TAKE

20:15

The $500 Billion Dollar Crypto Question (Video) "IndyWatch Feed Crypto"

The $500 Billion Dollar Crypto Question Video We Are Change In this video, Luke Rudkowski of WeAreChange gives you the latest breaking news on cyrpto currencies and bitcoin with a special show that not only goes over all the...

The post The $500 Billion Dollar Crypto Question (Video) appeared first on The Daily Coin.

20:10

BitGrail Vs. Nano: Who Is Responsible For the $150 Million Theft? "IndyWatch Feed Crypto"

Interview With Nano: Look Into the BitGrail Theft, $150 Million Lost #ANALYSIS

19:52

Shark Tanks Herjavec Thinks Bitcoin And Blockchain Are Here To Stay "IndyWatch Feed Crypto"

Shark Tanks Robert Herjavic believes BTC and Blockchain will be around for the long term. #NEWS

19:30

PR: Money Token Applies for Royalty-Free Patent on Crypto-Backed Lending Technology "IndyWatch Feed Crypto"

Money Token Applies for Patent on Crypto-Backed Lending 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.

WIPO, the World Intellectual Property Organization, has received a new patent application, owned by the MoneyToken project, as announced on the MoneyToken blog.

The application describes a blockchain-based technology process of decentralized lending, secured by cryptocurrency assets as collateral, that doesnt require vouching agents and that uses smart contracts and multi-signature wallets within the crediting process.

The premise is straightforward: By taking a cryptocurrency-backed loan with MoneyToken, users can receive liquid funds and hold their crypto assets all at the same time.

To gain access to the MoneyToken Private Sale, all users should join the MoneyToken Whitelist.

Founders comments on the patent:
https://medium.com/@moneytoken/jerome-macgillivray-money-token-founder-applied-to-patent-cryptocurrency-backed-loans-technology-f119dd589bb1

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
https://moneytoken.com/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, dir...

19:11

How Will a $100 Mln Grant Help Ethereum Scale? "IndyWatch Feed Crypto"

Ethereum network may be able to scale better with this $100 mln grant. #ANALYSIS

19:08

Intenet Archive Sees Big Donations from Vitalik Buterin and the Pineapple Fund "IndyWatch Feed Crypto"

The post Intenet Archive Sees Big Donations from Vitalik Buterin and the Pineapple Fund appeared first on CCN

Vitalik Buterin last week donated 100 Ethereum to a digital media charity. At current prices this equates to $93,469, however, the charity will receive $186,938 as The Pineapple Fund is matching all donations up to one million dollars. The recipient of the cryptocurrency philanthropy was the Internet Archive, a nonprofit digital library aiming to provide universal access to all knowledge. Its Continued

The post Intenet Archive Sees Big Donations from Vitalik Buterin and the Pineapple Fund appeared first on CCN

19:00

Switzerland Enacts ICO Guidelines "IndyWatch Feed Crypto"

Switzerland Enacts ICO Guidelines

Just days before the tiny nation of Gibraltar was said to draft their first initial coin offering (ICO) regulations, Financial Market Supervisory Authority (FINMA) of Switzerland appears to have stolen its thunder in an eleven page document published today. It could be the standard by which developed countries look to install their own versions.

Also read: Citibank India Bans Bitcoin 

Switzerland Publishes ICO Guidelines

The guidelines also define the information FINMA requires to deal with such enquiries and the principles upon which it will base its responses, an agency press release began, creating clarity for market participants.

ICOs have bedeviled regulators the globe over since their inception Summer of 2013 as a creative way to crowdfund projects. They deliberately mirror initial public offerings, IPOs, which are famously used to bring traditional companies to market. However, IPOs have taken all the trappings that come with success: barriers to entry making them a very expensive proposition, requiring gaggles of lawyers and regulatory hoop-jumping. ICOs, due to their nascency, have gotten around all that to the tune of 6 billion USD in 2017 alone.

...

18:40

The 6 Types of Users in the Cryptocurrency World "IndyWatch Feed Crypto"

The post The 6 Types of Users in the Cryptocurrency World appeared first on CCN

Last year, Anton Rosenberg, a former employee of Russian social network Vkontakte reported that Telegram is going to launch ICO, as well as its own cryptocurrency and $1.2 bln token sale according to TechCrunch. Telegram founder Pavel Durov didnt confirm this information, but he didnt disprove it either. However, during an interview with Bloomberg, he Continued

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17:47

Croatia Launches Self-Regulating Blockchain Organization Amidst Growing Worldwide Trend "IndyWatch Feed Crypto"

The newly launched Croatian self-regulating Blockchain organization will work with the government to create an environment for Blockchain innovation. #NEWS

17:27

US Regulators Talk Bitcoins Generational Impact "IndyWatch Feed Crypto"

The post US Regulators Talk Bitcoins Generational Impact appeared first on CCN

As cryptocurrency evolves, so does its relationship with government. While lawmakers in some countries seek to suppress a financial force they dont understand, in the U.S., the reverse appears to have started to take hold, indicating an opportunity is at hand for a dialog between the industry and lawmakers. In a Senate Banking Committee hearing Continued

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17:15

FCC Officially Warns Brooklyn BTC Miner Of Harmful Interference To T-Mobile "IndyWatch Feed Crypto"

FCC officially notifies Brooklyn resident of his BTCs miners harmful interference on T-Mobiles broadband network. #NEWS

16:00

Polish Financial Authorities Paid Youtuber to Smear Cryptocurrency "IndyWatch Feed Crypto"

Polish Financial Authorities Paid Youtuber to Smear Cryptocurrency

Polish financial authorities have spent taxpayers money on a smear campaign on Youtube and Facebook against investing in cryptocurrencies. While issuing warnings or trying to educate the public against what regulators fear are risky investments are not uncommon around the world, in this case they tried to sway public opinion against crypto assets by paying social media influencers to attack them.

Also Read: Half of Large British Businesses Hold Stockpiles of Cryptocurrency

Youtube Propaganda

Polish Financial Authorities Paid Youtuber to Smear CryptocurrencyThe Central Bank of Poland (Narodowy Bank Polski or NBP), in cooperation with the countrys Financial Supervision Authority (Komisja Nadzoru Finansowego or KNF...

15:27

Can Blockchain Technology Survive Without Cryptocurrencies? "IndyWatch Feed Crypto"

The post Can Blockchain Technology Survive Without Cryptocurrencies? appeared first on CCN

The recent fluctuations in Bitcoin and altcoin prices has resuscitated the debate on cryptocurrencies functioning as a true store of value. After rising about $20,000, this dip in price had seen the most popular cryptocurrency slump to almost $6,000 before rising again and then trading around the $8,400 region as at the time of writing. Continued

The post Can Blockchain Technology Survive Without Cryptocurrencies? appeared first on CCN

14:50

Polish Central Bank Secretly Funds Anti-Crypto Youtube Propaganda Videos "IndyWatch Feed Crypto"

Polands Central Bank admits to secretly funding Youtubers to publish anti-crypto content. #NEWS

14:30

Trading Tip `The Wall Drop Tokens That Suffer From Overtokenization "IndyWatch Feed Crypto"

Trading Tip `The Wall - Drop Tokens That Suffer From Overtokenization

Its said that 90% of all startups fail, and that we should expect nothing more from ICOs. 10% success rate is still overly optimistic for ICOs, but perhaps not for the reason you may think. Youre probably aware of examples of ICO founders who turned out to be a bunch of made up Linkedin-profiles. Youre probably also aware of the risks that come with sending money to people you never met, in an asset or token impossible to freeze.

Also read: Disappearing Premiums Signal Bearish Mid-Term Outlook

Drop Tokens That Suffer From Overtokenization

Youre probably also aware of industry-specific risks, apart from straight up scams, which include:

  1. ICOs violating securities laws
  2. ICOs using complicated legal structures in order to avoid violating securities laws and having it back-fire
  3. ICO fundraisers using Ethereum smart contracts and imploding (this actually happened to the Ethereum co-founder himself)

In this post, Im going to discuss a much more daunting problem that very few seem to grasp; overtokenization.

Lets be clear: ICOs as a concept is not at all a bad way to fund the development of a new cryptocurrency. However, the ICO space toda...

14:15

JP Morgan claims there's 'no chance' cryptocurrencies will replace fiat money "IndyWatch Feed Crypto"

Virtual coins fail to meet the major criteria of currency, according to JPMorgan Chase, which has called them a bad store of value and a bad form of money. It may make sense for some investors to include digital currencies in their portfolios as a hedge, the bank said in a wide-ranging note to clients. The bank added, however, that it doesn't view any cryptocurrency as a "legitimate competitor" to sovereign currencies. "The huge volatility of the price of cryptocurrencies - with respect to either traditional currencies or to a basket of goods and services - has made use of cryptocurrencies as a unit of account impractical," it said. "Only hobbyists are using cryptocurrencies as a medium of exchange, at least for conventional transactions for goods and services."

13:47

News Outlet Salon is Mining Monero as an Alternate Revenue Source "IndyWatch Feed Crypto"

The post News Outlet Salon is Mining Monero as an Alternate Revenue Source appeared first on CCN

Salon is the latest company to utilize CoinHives Monero mining script on their website. On Sunday, when readers utilizing ad-blockers visited popular news site Salon, they were faced with an interesting choice, foreign to the usual inquiry about disabling their ad-blocker. They could either disable their ad-blocker to continue to view content or opt-in to allow Continued

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13:35

Move over Litecoin, as a gold backed cryptocurrency is also entering into the payment system game "IndyWatch Feed Crypto"

Move over Litecoin, as a gold backed cryptocurrency is also entering into the payment system game by Ken Schortgen, Jr, The Daily Economist Yesterday we published an article regarding a new partnership between Litecoin and Visa to establish a payment...

The post Move over Litecoin, as a gold backed cryptocurrency is also entering into the payment system game appeared first on The Daily Coin.

13:00

Telegram Raised $850 Million, But Was it an ICO? "IndyWatch Feed Crypto"

The business model most people attribute to initial coin offering doesnt always hold up. The recent Telegram ICO shows how some of these offerings are no longer accessible to the public.

Changing the ICO Business Model

If Telegrams recent funding is an example, the concept of an ICO is no longer public. While the company raised $850m, their way of doing so raises a lot of questions. An initial coin offering is usually open to non-accredited and accredited investors alike. Everyone can contribute money and receive something in return for doing so.

Telegram initially decided to use the ICO model to develop their TON blockchain. Additionally, some funds will be used to maintain the popular messenger service itself. Given the global popularity of this messaging service, a lot of people hoped to invest in this company with the money they could spare.

Unfortunately, these plans can never be executed. The company targeted venture capital firms and accredited investors first and foremost. By offering discounts for Telegrams Gram token, the pre-sale resulted in raising $850m. This is well beyond the initial $600m target projected by the company itself. However, it is this odd approach which leaves a lot of people confused.

ICO vs VC Funding vs IPO

By targeting venture capital firms and accredited investors, the Telegram ICO is not all that different from traditional VC funding. Instead of receiving company stock, investors now received a Gram token. With this token, users can enjoy Telegrams own independent payment system. It can be sued to bypass remittance fees, moving funds privately, or issue micropayments.

...

13:00

10 Sunday Reads "IndyWatch Feed Crypto"

My easy like Sunday morning reads:  Why Cant the U.S. Treat Gun Violence as a Public-Health Problem? (The Atlantic) see also School shootings in the US keep happening again and again and again (CNN) .  The Big ICO Swindle: Many cryptocurrency speculators are banking on the theory that someone dumber than them will buy their tokens for more

Read More

The post 10 Sunday Reads appeared first on The Big Picture.

12:53

Contentious Ethereum Fund Recovery Proposal Continues To Spark Debate "IndyWatch Feed Crypto"

The Ethereum fund recovery standardization proposal on Github is now open again for user debate. #NEWS

12:20

No, Not All ICOs Are Securities "IndyWatch Feed Crypto"

A recent op-ed paints all ICOs with the same brush, claiming every one of them offers securities subject to SEC scrutiny. That is simply not the case.

11:41

ShapeShift Gets Pulled Into BTC/BCH Debate Over Partnership With Bitcoin.com Wallet "IndyWatch Feed Crypto"

The post ShapeShift Gets Pulled Into BTC/BCH Debate Over Partnership With Bitcoin.com Wallet appeared first on CCN

ShapeShift, a cryptocurrency exchange, has been pulled into the Bitcoin Cash (BCH) versus bitcoin (BTC) debate by partnering with the @BitcoinCom wallet that exchanges BTC for BCH. ShapeShift has stated via a tweet there was a miscommunication in its latest announcement concerning its partnership with the @BitcoinCom Wallet. ShapeShift stands by its offering to provide Continued

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11:30

PR: Vadim Nareyko, CTO PlayHall Technical Aspects of the PlayHall Platform "IndyWatch Feed Crypto"

PlayHall Gaming Platform

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

PlayHall is a blockchain platform for holding regular skill-gaming tournaments and matches between users. In skill-games, your success does not depend on luck but on your skills and intelligence. In matches and tournaments held on the platform gamers will be able to win liquid cryptocurrency, which today can be quickly exchanged for fiat money. All this makes it possible to monetize your time and skills.

Because of the financial dimension of the game, the developers have covered the security issues and possible vulnerabilities in a serious way. The PlayHall team uses blockchain technology and smart contracts as well as the effective decentralization principles to ensure security and reliability of the platform.

Platform Decentralization Principles

The PlayHall team uses the principles of decentralization and smart contracts for creating an innovative gaming platform. These principles and the decentralized escrow technology will help to avoid any fraud and forgery of the results of tournaments and matches on the platform.

The full transparency of the platform, its consistency and an easily cryptographically verified software, which provides automation of all processes and transactions in the project ecosystem, guarantee the complete safety of the entire system.

The teams goal is to eliminate the need for a trusted party or administrator. This will significantly reduce the operational costs of maintaining the system, reducing the commission and increasing the level of payments to gamers. This...

11:25

Bitcoin Price Will Double by End of 2018, Says Researcher "IndyWatch Feed Crypto"

Analysts all over the world remain divided on the Bitcoin price topic. This currencys value will likely soar to $25,000 in the next twelve months, say several respected analysts.

What Comes Next for the Bitcoin Price?

Bitcoin and other similar currencies have seen a major price drop in early 2018. Most markets lost nearly 50% of their value in a matter of weeks. Many people assume this is the end for cryptocurrency as we know it. True aficionados are not too bothered by this yearly cycle. Tone Vays, a New York-based analyst and consultant, remains positive about the future Bitcoin price.

In Vays opinion, Bitcoin will recover sooner rather than later. He is not too sure how high the value will go when the markets start to stabilize again. Reaching six-digit figures will prove to be virtually impossible at this stage. A more modest Bitcoin price of $25,000 by years end is in Vays books right now. Ronnie Moas, another famous Bitcoin enthusiasts, thinks along the same lines. His prediction puts the Bitcoin price at $28,000 at some point throughout 2018.

That optimism is not shared by everyone in the industry. James Rickards, strategic director at financial analytics firm Meraglim, is extremely bearish. Having a more balanced view from both sides of the spectrum is always needed. According to Rickards, the current valuation of Bitcoin is still far too high. Given the speculative nature of this cryptocurrency, it is evident the markets can swing in either direction. Rickards added :

I dont know how anybody could set and justify a price target that high for this year. I think bitcoin is going to go to $200. The only residual use is for criminals, and it will keep grinding down.

Bitcoin Futures and South Korea

Speaking of interest in Bitcoin, there are some positive signs as well. We see a growing interest in Bitcoin futures offered by CME. Their volume for February 2018 currently sits at 1,101. It is the second-highest number for this week, indicating people have high expectations for the Bitcoin price movin...

11:00

Salon Offers Visitors In-House Cryptocurrency Mining When Blocking Ads "IndyWatch Feed Crypto"

Salon Offers Visitors Cryptocurrency Mining to Block Ads

Mainstream web magazine Salon has started allowing its readers an ad-free site, if readers start mining cryptocurrency for them, after sustaining a decline in income due to ad blocking technology.

Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License

Salons Mining Initiatives

Salon Offers Visitors Cryptocurrency Mining to Block AdsSalon, a left-leaning political and lifestyle webzine started in 1995, has launched a cryptocurrency mining option for its visitors in an effort to recuperate some of its declining income. The site is run by Salon Media Group, a publicly-traded company with offices in San Francisco and New York City.

Like most media companies, Salon pays its bills through advertising, the site explained, adding that the increase in visitors using ad blockers has cut deeply into our revenue. Acknowledging technological developments, Salon wrote your computer itself can help support our ability to pay our editors and journalists, noting:

...

11:00

Doge Is Helping Ethereum Solve Its Biggest Issue "IndyWatch Feed Crypto"

Years after it was written off as a joke, dogecoin continues to prove useful, this time factoring into a major ethereum test.

09:55

Washington Post Executive Pivots to Blockchain Firm CEO "IndyWatch Feed Crypto"

The post Washington Post Executive Pivots to Blockchain Firm CEO appeared first on CCN

Jarrod Dicker is the new CEO of blockchain media company P.oet. Dicker is making the move to Po.et while departing from his position as Vice President of Innovation and Commercial Strategy at The Washington Post. Career Accomplishments Dicker believes Po.et will help put the power of written, visual and audio content back in the hands Continued

The post Washington Post Executive Pivots to Blockchain Firm CEO appeared first on CCN

08:28

Bitcoin Price Weekly Analysis BTC/USD Eyeing Further Gains "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price made a nice upside move and traded above $9,000 and $10,000 against the US Dollar.
  • There is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair (data feed from SimpleFX).
  • The pair may continue to rise and the next major resistances are at $11,600 and $12,000.

Bitcoin price showing many bullish signs above $10,000 against the US Dollar. BTC/USD may correct a few points in the short term, but it remains supported above $10,150.

Bitcoin Price Support and Trend

This past week, buyers were in control as bitcoin price succeeded in breaking the $9,000 resistance area against the US Dollar. The upside move was strong and later the price even moved above the $10,000 level to register decent gains. The price is now comfortably placed well above the $10,000 level and the 100 simple moving average (4-hours). The recent high formed was at $11,160 from where the price started correcting lower.

An initial support is around the 23.6% Fib retracement level of the last wave from the $8,250 low to $11,160 high. More importantly, there is a major ascending channel forming with current support at $10,150 on the 4-hours chart of the BTC/USD pair. The channel support at $10,150 is very important since the same level was a resistance earlier and now it is a good buy zone. Moreover, the 38.2% Fib retracement level of the last wave from the $8,250 low to $11,160 high is near $10,040.

Bitcoin Price Weekly Analysis BTC USD

Therefore, if the price corrects lower from the current levels, it could find support near $10,000. On the upside, the price has to break the $11,160 level to gain momentum towards $11,600 and $12,000.

Looking at the technical indicators:              

4-hours MACD The MACD for BTC/USD is placed strongly in the bullish zone.

4-hours RSI (Relative Strength Index) The RSI is currently near the overbought levels, with no major downside sign.

Major Support Level ...

07:55

Steps towards Self-Regulation in Croatia and Slovenia "IndyWatch Feed Crypto"

Steps towards Self-Regulation in Croatia and Slovenia

Communities in two countries, which share a border, history and perspectives, have expressed similar views about the future of the cryptocurrency sector. A new association in Croatia hopes to lay the foundations of self-regulation in the industry. In neighboring Slovenia, entrepreneurs and government officials have promised to work together to educate the public on the benefits of the blockchain technology.

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

Croatian Crypto Companies to Advise Regulators

Businesses and enthusiasts in Croatia have united their efforts to help authorities take informed decisions about the cryptocurrency sector. A new umbrella organization will be bringing suggestions and important matters to the attention of policy makers in Zagreb, Bitfalls reported this week. The Blockchain and Cryptocurrency Association will be advising regulators on anything from buying and selling cryptocurrencies, to crypto payments and salary payouts in bitcoin.

UBIK [Udruga za Blockchain i Kriptovalute] intends to create a focused and strong community of people involved with the blockchain technology and the domain of cryptocurrency in Croatia, but also in the region. Providing relevant information, education and knowledge about the crypto economy is among its priorities. The Croatian crypto association plans to help authorities and its members with legal, financial, and technological support in the develo...

06:51

Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Market Rises "IndyWatch Feed Crypto"

The post Bitcoin Eyes $12,000 in South Korea as Demand For Cryptocurrency Market Rises appeared first on CCN

Bitcoin has built significant momentum over the past 24 hours, surpassing the $11,000 mark. The majority of alternative cryptocurrencies in the market have performed poorly against bitcoin, as the most dominant cryptocurrency in the market continued to lead a strong rally. Against the US dollar, bitcoin has increased by nearly 8 percent since February 17, Continued

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06:48

Ethereum Price Weekly Analysis ETH/USD Bullish above $880 "IndyWatch Feed Crypto"

Key Highlights

  • ETH price succeeded in moving higher this past week to trade above $900 against the US Dollar.
  • There is a key ascending channel forming with support at $880 on the 4-hours chart of ETH/USD (data feed via SimpleFX).
  • The pair may continue to rise as long as the mentioned $880 support is intact.

Ethereum price is placed nicely in the bullish zone against the US Dollar and Bitcoin. ETH/USD is currently correcting lower, but it remains supported above $880.

Ethereum Price Support

There was a fresh start of an upside wave in ETH price from the $710 swing low against the US Dollar. The price gained upside momentum and moved above the $800 and $900 resistance levels. During the upside move, it traded above the 38.2% Fib retracement level of the last decline from the $1,229 high to $553 low. It also succeeded in settling above the $800 level and the 100 simple moving average (4-hours).

More importantly, there was a break above the 50% Fib retracement level of the last decline from the $1,229 high to $553 low. At the moment, it seems like there is a key ascending channel forming with support at $880 on the 4-hours chart of ETH/USD. The pair is following the channel nicely, but it may dip towards the $890-880 support area. It seems to be struggling to break the 61.8% Fib retracement level of the last decline from the $1,229 high to $553 low. However, the channel support near $880 is a crucial barrier for sellers.

Ethereum Price Weekly Analysis ETH USD

More importantly, 100 SMA is at $850 to act as the next key support. On the upside, the price has to move above the $970 and $990 levels to gain further upside momentum.

4-hours MACD The MACD is currently showing a few positive signs in the bullish zone.

4-hours RSI The RSI is moving lower towards the 50 level.

Major Support Level $880

Major Resistance Level $990

 

Charts courtesy ...

06:00

Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00007 BTC
0.00010 BTC = 1.35 AUD
Converter

05:55

Bitcoin Puzzle Games Are Growing in Popularity "IndyWatch Feed Crypto"

Bitcoin Puzzle Games Are Growing in Popularity

In many respects, Bitcoin is the ultimate puzzle. Armchair sleuthers have expended countless hours trying to deduce the identity of its pseudonymous creator, and miners have expended countless more trying to puzzle the nonce required to solve each block and claim the 12.5 BTC reward attached. It seems logical that a new wave of puzzle games should be developed with bitcoin and other cryptocurrencies as their prize.

Also read: The Solution to the Worlds Toughest Bitcoin Puzzle Is as Clever as Its Creator

The Bitcoin Enigma Intensifies

Montecrypto: The Bitcoin Enigma is a new game that follows on the heels of The Legend of Satoshi Nakamoto. That latter game was conceived in 2015 but gained new attention two weeks ago after the fiendishly complex artwork-based game was finally solved. It netted its solver $50,000 worth of bitcoin, plus additional bitcoin cash and other forked coins. The Bitcoin Enigma, a new series of 24 puzzles, has just 1 BTC as its prize, but thats more than enough to incentivize a new wave of sleuths to attempt to fathom its mysteries.

...

05:38

Bitcoin Cash Price Weekly Analysis Can BCH/USD Continue Higher? "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price gained heavily this past week and moved above $1,400 against the US Dollar.
  • There is a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair (data feed from SimpleFX).
  • The pair may decline a few points in the short term, but it remains supported near $1,450 and $1,400.

Bitcoin cash price is trading nicely in the bullish zone above $1,400 against the US Dollar. BCH/USD is likely to remain in an uptrend with resistances at $1,600 and $1,750.

Bitcoin Cash Price Support

There were decent gains from the $1,180 this past week in bitcoin cash price against the US Dollar. The price gained heavy bullish momentum and it was able to move above the $1,200 and $1,400 resistance levels. It even traded above the $1,500 level and formed a high near $1,617. At the moment, the price is correcting lower, but it remains supported on the downside above $1,400.

An initial support is around the 23.6% Fib retracement level of the last wave from the $1,186 low to $1,617 high. There is also a crucial bullish trend line forming with support at $1,480 on the 4-hours chart of the BCH/USD pair. The pair is currently showing a few bearish signs, but there are many supports on the downside at $1,450 and $1,400. The mentioned $1,400 is significant since it is the 50% Fib retracement level of the last wave from the $1,186 low to $1,617 high.

Bitcoin Cash Price Weekly Analysis BCH USD

Therefore, any major dips from the current levels are likely to find bids near $1,400. On the upside, a break above the $1,600 level is needed for a test of the $1,700 level, followed by $1,750.

Looking at the technical indicators:

4-hours MACD The MACD for BCH/USD is placed nicely in the bullish zone.

4-hours RSI (Relative Strength Index) The RSI for BTC/USD is moving higher towards the 70 level.

Major Support Level $1,400

Major Resistance Level...

05:30

Michael Krieger: Bitcoin Triggers Economic & Political Elites | Bitcoin Wont Be Hijacked? (Video) "IndyWatch Feed Crypto"

Michael Krieger: Bitcoin Triggers Economic & Political Elites | Bitcoin Wont Be Hijacked? Video Wall St for Main St During this 50+ minute interview, Jason asks Michael about the recent spikes in volatility that have appeared in the general...

The post Michael Krieger: Bitcoin Triggers Economic & Political Elites | Bitcoin Wont Be Hijacked? (Video) appeared first on The Daily Coin.

05:00

The Jenkins Miner is the Biggest Botnet Mining Monero "IndyWatch Feed Crypto"

Cryptocurrency mining operations come in many different shapes and sizes. 0Running a profitable Bitcoin mining firm requires a lot of hardware and space. For altcoin mining, things are very different. Unfortunately, the Jenkins Miner is not a legitimate operation. Although it is the biggest of its kind, its 100% malicious. It also seems to be mining Monero first and foremost, with over $3m being raised already.

Criminals have taken a strong liking to cryptocurrencies. In most cases, they will attempt to trick users into giving up login credentials. Hacking exchanges is also becoming more popular as of late. The Jenkins miner, however, is a different creature altogether. It is suspected this is a Chinese operation designed to mine Monero. More specifically, it is a completely malicious mining operation. By actively spreading Monero mining malware, the owner of this botnet has enslaved thousands of computers already.

Monero has a Jenkins Miner Problem

If that wasnt enough, the owner is now targeting the Jenkins CI server. If successful, he can effectively generate millions of Monero in very quick succession. Botnet mining is nothing new for this particular altcoin. In fact, it has been somewhat of a problem for several years now. There is nothing one can do about it, though. After all, this is a decentralized network where no one can ban specific users or IP addresses without consensus.

There is a vulnerability in the Jenkins Java implementation which can be exploited. It seems the hacker successfully did so already, although it remains to be seen if this is a successful operation. With the code being injected on the server, it is possible this mining operation will become a lot more profitable. Monero is one of the few currencies to be mined with non-ASIC hardware these days. In fact, most people can still mine XMR with just their CPU, albeit at a very slow rate.

Whether or not the Jenkins miner will pose a big threat, remains to be seen. We do know the server is currently mining Monero through different mining pools. Analysts discovered how over $3m worth of XMR has been collected already. That number will increase for some time to come. Especially with this Jenkins miner still active, the money will continue to flow in rather quickly. The malware used to infect this server and other computers has undergone multiple evolutions as well. Every new iteration is more powerful and sophisticated. A worrisome trend, to say the least.

The post...

04:04

CFTC Warns Against Cryptocurrency Pump-and-dump Schemes "IndyWatch Feed Crypto"

The rising popularity of cryptocurrencies is of great concern. Especially when it comes to pump-and-dump schemes, theres reason to be concerned. As such, the CFTC issued an official warning against this type of market manipulation. They advise customers to avoid such schemes, especially when it comes to small and new altcoin markets. It is evident doing ones research is always the best course of action.

In the world of cryptocurrency, pump-and-dump schemes are nothing new. In fact, they are a lot more common than some people might think. The CFTC has issued an official warning on this topic earlier this week.  This is quite a surprise, even though it is evident consumers need to be aware of these manipulative efforts. Especially smaller cap coins and new alternative cryptocurrencies pose a significant risk in this regard. Moreover, it is always best to avoid any promotion on social media altogether.

Avoiding Cryptocurrency Pump-and-dump Schemes

This seems to stem forth from the recent BitConnect issues. That pump-and-dump scheme caused hundreds of millions in financial losses. It was mainly promoted on social media and YouTube. The CFTC doesnt want history to repeat itself in this regard. They now want consumers to blow the whistle on any suspicious currencies first and foremost. Its always better to submit tips than ignore pump-and-dump schemes altogether. Whether or not the general public will follow this guideline, remains to be seen.

According to the CFTC, pump-and-dump schemes in the cryptocurrency world take place on social media first and foremost. Online chat rooms, such as the ones on Telegram, are also problematic in this regard. Ignoring these buy signals will prove to be rather difficult for a lot of novice users. It is these people the marketers and scammers prey on first and foremost. A lot of people never do any research for specific coins or projects, even though they really should.

For now, the CFTC will not undertake further action against pump-and-dump schemes. They are not in a position to do so either, unfortunately. It is evident users need to conduct their due diligence first and foremost. Those who purposefully defraud other investors will face legal issues sooner or later, though. Anyone participating in market manipulation also violates the law. It is evident this new financial industry needs some boundaries first and foremost. Cracking down on pump-and-dumps is the right way to go in this regard.

The post...

03:45

Venezuelas President desperately calls for global investors to buy into his Petro cryptocurrency scheme as sales begin next week "IndyWatch Feed Crypto"

Venezuelas President desperately calls for global investors to buy into his Petro cryptocurrency scheme as sales begin next week by Ken Shortgen, Jr. The Daily Economist Venezuela currently resides within a double whammy of Socialist policy and monetary insolvency.  Thus...

The post Venezuelas President desperately calls for global investors to buy into his Petro cryptocurrency scheme as sales begin next week appeared first on The Daily Coin.

03:00

Two Russian Regions to Develop Large Scale Crypto Mining "IndyWatch Feed Crypto"

Russian Regions to Develop Large Scale Crypto Mining

The governors of two Russian regions have indicated their readiness to accommodate large crypto mining facilities. Two of the westernmost subjects of the Federation Kaliningrad and Leningrad are willing to welcome miners and want to get involved in bitcoin production. Local authorities have expressed intentions to take mining out of garages and scale it up to industrial level. They are now pressing Moscow for regulations.   

Also Read: Russia Ready for Migrant Bitcoin Miners Influx

One Huge Mining Farm

Many are interested in cryptocurrencies in Kaliningrad Oblast, its governor Anton Alihanov said on the sidelines of the Russian Investment Forum in Sochi. In the future, the region may become one huge mining farm, he told RIA Novosti.

We have a lot of people that show interest [in crypto mining]. But doing everything right is pretty complicated and you dont want to set the house on fire, Alihanov said. Thats why we have a mining hotel, where guys know how to set up the cooling systems, so that nothing gets burned, the official added, demonstrating technical knowledge of the subject.

If you are a miner, youve come to the right place. We can become one huge mining farm.

...

02:48

64% Of Germans Aware Of Bitcoin, Says IT Association Bitkom "IndyWatch Feed Crypto"

German IT association Bitkom found that two thirds of citizens are aware of Bitcoin #NEWS

02:45

Bitcoin back above $10,000 "IndyWatch Feed Crypto"

Bitcoin back above $10,000 by Simon Black Sovereign Man Cryptocurrencies exist in dog years. Thats how my colleague Tama Churchouse explained the rapid innovation and massive volatility in bitcoin and other cryptocurrencies. The technology is advancing so quickly that...

The post Bitcoin back above $10,000 appeared first on The Daily Coin.

02:26

SEC Suspends Trading In 3 Companies Due To Questions Around Cryptocurrency Ties "IndyWatch Feed Crypto"

The SEC suspends trading in 3 companies due to questions around their ties to cryptocurrency and Blockchain #NEWS

00:21

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns "IndyWatch Feed Crypto"

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing Returns

The cryptocurrency landscape has changed significantly over the past 12 months. Gone are the guaranteed returns of 5x, 10x or greater on ICOs, as a growing number of investors clamor for a piece of the pie. New coins, new forks, and new airdrops have created a competitive marketplace characterized by diminishing returns and reduced profits. The best traders are still able to claim the lions share of the rewards though, leaving the rest to fight it out for the scraps.

Also read: Telegram Followers The New Metric for Cryptocurrency Success

Welcome to 2018, Where 20% Is the New 20x

Crypto Trading in 2018: New Strategies, Bigger Crowds and Diminishing ReturnsUp until last year, the best performing ICOs could be expected to net investors an easy 10x profit by flipping tokens the moment they were listed on an exchange. 2017s best performers include Spectrecoin, which has provided a 2,143x return on its token price, Qtum (106x) and Neblio (103x). 2018s best performer, Bluzelle, in comparison, has managed a mere 5x on its ICO price to date. Thats still a healthy profit admittedly, especially when compared to the sort of single digit gains to be enjoyed in traditional asset markets. But...

Saturday, 17 February

22:31

CryptUnit, a Web-based Cryptonote Mining Profitability Calculator "IndyWatch Feed Crypto"

CryptUnit is an interesting new service offering up to date data for Cryptonote-based altcoins that you can mine, giving you profitability information along with more details about each of the supported coins. You just need to enter your Cryptonight hashrate and the service will calculate what is the most profitable coin to mine at the moment and give you some extra useful information such as pools and exchanges if you are not familiar with the coin. Of course profitability varies all the time, so things change and the most profitable coins vary all the time. Currently the service covers 16 different Cryptonote coins that can be mined with CPU or GPU (both AMD and Nvidia). The people most interested in this service are probably going to be the ones with AMD-based video cards especially RX VEGA 56/64 due to their very high mining performance especially in the Cryptonight algorithm.

To check out the CryptUnit web service offering Cryptonote mining profitability information

21:59

Ethereum Founder Buterin: Traditional Assets Are Safest Bet for Life Savings "IndyWatch Feed Crypto"

The post Ethereum Founder Buterin: Traditional Assets Are Safest Bet for Life Savings appeared first on CCN

Editors note: The article has been amended to remove previously erroneous reporting of a Twitter scammer purporting to be Vitalik Buterin. We sincerely apologize to Mr.Buterin and our readers for the flagrant mistake. Blockchain veteran Vitalik Buterin, co-founder of the Ethereum network behind No. 2 cryptocurrency by market cap ETH, is a realist. While last Continued

The post Ethereum Founder Buterin: Traditional Assets Are Safest Bet for Life Savings appeared first on CCN

20:35

ICO Craze Lures Australian Investors "IndyWatch Feed Crypto"

ICO Craze Lures Australian Investors

The hype surrounding the profit-potential associated with initial coin offerings (ICOs) is continuing to attract participation from Australian investors. Despite the potential to incur fast losses just as easily as fast profits, many Australians appear to be dabbling with casual cryptocurrency investment.

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

Australian Investors Seek ICO Exposure

ICO Craze Lures Australian InvestorsInitial Coin Offerings are attracting investment from ordinary Australians, with a recent report by the Australian Broadcasting Corporation describing the experiences of many investors actively trading the ICO markets.

Warren Stokes, a 58-year-old casual crypto investor, recounts being in...

20:31

Swiss Financial Authority Releases ICO-Specific Regulatory Guidelines "IndyWatch Feed Crypto"

Swiss financial regulator releases ICO regulation guidelines designed to support Blockchain in the country #NEWS

19:30

PR: Hybrid Blockchain XinFin ICO Enters Second Week, Announces Institutional Partnerships "IndyWatch Feed Crypto"

Hybrid Blockchain XinFin ICO

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.

XinFins Hybrid Blockchain ICO was announced last week after launching minimum viable products and ongoing pilot projects with several institutions. The utility coin XDCE offering enters second week.

XinFin, the first of its kind Hybrid blockchain platform is entering into the second week of its ICO for its utility coin XDCE. XDCE is an ERC 20 token that is also 1:1 swappable with the XDC that has utility in hosting masternodes as well as to be used on tradefinex.org platform for Global Trade and Finance beta platform.

Youtube : https://www.youtube.com/watch?v=K-tHZkV6zAs
Telegram : https://t.me/xinfintalk
Token Sale Page : www.xinfin.io
Main Website : www.xinfin.org

XinFin XDC Masternodes can float tokenized or non-tokenized private subnetworks which can be used by banks, utility companies, communities or enterprises for blockchain enabling and tokenizing their assets. XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions. The architecture makes XinFin fully compliant with laws of the land. said Karan Bharadwaj, CTO of XinFin.

TradeFinex.org Platform is the first app launched on the XinFins hybrid blockchain platform aimed at bridging the $27 trillion infrastructure deficit globally. It is connecting buyers, suppliers and financiers through its trusted network of trade associations, financial institutions, policy makers and regulators. he added.

XinFin launched the tradefinex platform at second peer to peer Digit...

19:12

Solve This Videogames Mind-Blowing Test, Get a Bitcoin "IndyWatch Feed Crypto"

The post Solve This Videogames Mind-Blowing Test, Get a Bitcoin appeared first on CCN

Beat the game, win a Bitcoin. Simple, right? Thats the premise of MonteCrypto: The Bitcoin Enigma, a PC game scheduled for release next week. The mysterious game, the latest in a long tradition of public treasure hunts, offers players the opportunity to achieve a lucrative payday if they can solve the games two dozen Continued

The post Solve This Videogames Mind-Blowing Test, Get a Bitcoin appeared first on CCN

19:00

Bitfinex Plans Launch of Decentralized Exchange Eosfinex "IndyWatch Feed Crypto"

Bitfinex has announced that it will launch a decentralized cryptocurrency exchange built on the Eos.io platform. The new platform, Eosfinex, will be the first exchange to be hosted using Eos.ios decentralized application infrastructure.

Also Read: EOS Raises $700M Despite Token Affording No Rights, Uses, Purpose, or Features

Bitfinex Partners With Eos to Develop Eosfinex

Bitfinex Plans Launch of Decentralized Exchange, EosfinexBitfinex claims that Eosfinex will offer a fast, transparent and trustless platform for the trading of digital assets through Eosfinex, which is to be the first decentralized exchange built using Eos.ios protocol.

J.L.Van Der Velde, the chief executive officer of Bitfinex, stated: We are excited to leverage EOS.io to further advance the field of high performance and trustless on-chain exchange. Block.one continues to display an unwavering dedication to improving blockchain scalability through the EOS.IO platform and it is our hope that this collaboratio...

18:45

Bitcoin Mining Facility Interferes With T-Mobiles LTE Network Verifying Payments "IndyWatch Feed Crypto"

The post Bitcoin Mining Facility Interferes With T-Mobiles LTE Network Verifying Payments appeared first on CCN

US Federal Communications Commission (FCC) revealed in an official notification of harmful interference document that a bitcoin mining facility based in Brooklyn, New York interfered with T-Mobiles LTE network by sending harmful radio emissions to the telecoms 700 MHz band. Antminer Interferes With LTE Network The FCC noted in an document published on February 15 Continued

The post Bitcoin Mining Facility Interferes With T-Mobiles LTE Network Verifying Payments appeared first on CCN

18:37

Under The Gun: Cryptocurrencies Clobbered "IndyWatch Feed Crypto"

TheLastAmericanVagabond.com

2017 was historical for cryptocurrencies in fact, I believe many will talk about it being the best year for the sector, but they would be wrong. The term If You Cant Swing, Dont Ring is a Latin expression. Apart from the fact that Playboy founder, Hugh Hefner, inscribed it on the original Chicago mansion []

The post Under The Gun: Cryptocurrencies Clobbered appeared first on The Last American Vagabond.

17:53

Total Crypto Market Cap Back Over $500 Bln, Bitcoin Pushes $11K "IndyWatch Feed Crypto"

Total crypto market cap back over $500 bln, BTC, ETH prices also rising #NEWS

17:42

Are Cryptocurrencies Ruining The Search For Alien Life? "IndyWatch Feed Crypto"

By  Amanda Froelich Truth Theory

Are cryptocurrencies ruining the search for alien life? According to a handful of scientists, the answer is yes.

Dan Werthimer, chief scientists at the Berkeley Seti (Search for Extraterrestrial Intelligence) told the BBC: Wed like to use the latest GPUs [graphics processing units] and we cant get em. The reason why? Bitcoin mining.

GPUs are chips that are designed to process images, video and animations for the computer screen. They are increasingly being employed for non-graphic tasks that involve a lot of repetitive computing such as mining for cryptocurrencies or listening out for alien signals.

At Seti we want to look at as many frequency channels as we possibly can because we dont know what frequency ET will be broadcasting on and we want to look for lots of different signal types is it AM or FM, what communication are they using? said Werthimer.

As you might imagine, Setis process takes up a lot of computing power. At Berkeley alone, there are approximately 100 GPUs sorting through various radio frequencies that are pa...

17:01

Cryptocurrency Trader Loses $603,000 in Margin Trading, Steals $2 Million "IndyWatch Feed Crypto"

The post Cryptocurrency Trader Loses $603,000 in Margin Trading, Steals $2 Million appeared first on CCN

Earlier today, it was revealed that 24-year-old trader Joseph Kim, who worked for a Chicago based firm Consolidated Trading, allegedly stole $2 million to cover losses he made in margin trading and personal investments in the cryptocurrency market. Over $600,000 Lost Due to Greed According to the criminal complaint obtained by Bloomberg, Kim illegally transferred Continued

The post Cryptocurrency Trader Loses $603,000 in Margin Trading, Steals $2 Million appeared first on CCN

17:00

Wendy McElroy: Privacy Prevents Violence and Crime "IndyWatch Feed Crypto"

(Crypto) Privacy Prevents Violence and Crime

The Satoshi Revolution: A Revolution of Rising Expectations.
Section 2 : The Moral Imperative of Privacy
Chapter 6: Privacy is a Prerequisite of Human Rights
by Wendy McElroy

(Crypto) Privacy Prevents Violence and Crime (Chapter 6, Segment 1)

Unlike the communities traditionally associated with the word anarchy, in a crypto-anarchy the government is not temporarily destroyed but permanently forbidden and permanently unnecessary. Its a community where the threat of violence is impotent because violence is impossible, and violence is impossible because its participants cannot be linked to their true names or physical locations.

Wei Dai

A February 6, 2018 headline in Reason magazine warned, Governments Hate Bitcoin and Cash for the Same Reason: They Protect Peoples Privacy. The ensuing article spun off a quote from U.S. Treasury Secretary, Steve Mnuchin, One of the things we will be working very closely with the G-20 on is making sure that this doesnt become the Swiss numbered bank accounts. Mnuchin rejects decentralized crypto as payment, investment, or savings systems because it cannot be easily tracked by government.

Privacy is the battleground upon which cryptocurrency will ultimately rise or fall.  The engine of crypto, the blockchain, is founded on the premise of anonymity or pseudonymity. The blockchain was spe...

16:07

Game Developer Atari Unveils Blockchain-Fueled Dual-Cryptocurrency Gaming Reboot "IndyWatch Feed Crypto"

The post Game Developer Atari Unveils Blockchain-Fueled Dual-Cryptocurrency Gaming Reboot appeared first on CCN

The video game console for hits like eighties favorite Pac-Man is readying a pair of digital tokens, which is likely to rack up points with investors.  The Atari Group revealed a two-pronged initiative for which it has inked a couple of partnerships involving not one but two cryptocurrencies. Atari is the latest in what appears Continued

The post Game Developer Atari Unveils Blockchain-Fueled Dual-Cryptocurrency Gaming Reboot appeared first on CCN

15:36

Visa, Worldpay Take Blame For Duplicate Charges On Coinbase, Reverse Transactions "IndyWatch Feed Crypto"

Visa and Worldpay admit fault for accidently charging Coinbase users multiple times for one transaction #NEWS

15:27

Emotion vs Reason, Round 1: Historical Technology Hypes "IndyWatch Feed Crypto"

The post Emotion vs Reason, Round 1: Historical Technology Hypes appeared first on CCN

Emotion vs Reason Im sure most decisions you make are based on numbers rather than intuition or perception.  However, some are clearly misinformed. Not because you did not search thoroughly, or because you couldnt find enough data. Rather, theres something increasingly more difficult to analyse than numbers and facts: peoples feelings towards an event. disclaimer: Continued

The post Emotion vs Reason, Round 1: Historical Technology Hypes appeared first on CCN

15:25

Keiser Report: JP Morgans Bitcoin Bible a plea for help? (Video) "IndyWatch Feed Crypto"

Keiser Report: JP Morgans Bitcoin Bible a plea for help? Video RT In this episode of the Keiser Report, Max and Stacy discuss JP Morgans Bitcoin Bible as a plea for help from central banks to protect their...

The post Keiser Report: JP Morgans Bitcoin Bible a plea for help? (Video) appeared first on The Daily Coin.

15:12

Swiss Financial Regulators Publish Pretty Reasonable ICO Guidelines "IndyWatch Feed Crypto"

FINMA, the Swiss Financial Market Supervisory Authority, yesterday published guidelines explaining to organisers and investors how existing financial legislation would be applied to initial coin offerings. The document also details the criteria by which the regulator will judge each fundraising effort. The aim is to dispel uncertainty in the space and should allow investors and organisers alike to act with greater confidence.

A press release accompanying the document stated that FINMA felt the clarity the official guidelines would provide were important given the dynamic market and the high level of demand.

Amidst the guidance, the Swiss regulators state that each ICO will be judged independently. There will be no catch-all regulation. They admit that financial market law and regulation are not applicable to all ICOs. Therefore the Swiss agency will consider the manner in which the tokens issued will be used when deciding which existing legislation should govern a coin offering.

They define tokens in three ways: Payment tokens, utility tokens, and asset tokens.

Payment tokens have no other purpose other than to provide a means of payment. They do not interact with specific applications in any unique way. For the purposes of regulation, they must comply with existing anti-money laundering legislation. They will not be treated as securities.

Utility tokens are intended to provide access to an application or service. There will be no regulation of these tokens. However, it seems unlikely that many pure utility tokens will exist.

Asset tokens are more like securities. As such, they fall under securities legislation. They represent assets in a more traditional sense. If a token provides dividends, its an asset token. Likewise, if it represents shares in a particular company. Asset tokens will also fall under civil law requirements. In Switzerland, this is covered by the Swiss Code of Obligations.

FINMA clearly state that hybrid tokens can also exist. From the above guidelines, it appears that most of the existing tokens issued by ICO will fall under more than one of the classifications.

They go on to state that they acknowledge the revolutionary potential of the technology behind ICOs and cryptocurrencies and state that they are participating in the federal governments Blockchain/ICO Working Group. Finally, they reiterate their warning to investors about the highly volatile nature of the space.

The regulation seems to have been well received in the cryptocurrency community...

14:36

The World Needs a New Kind of Currency, Bitcoin: Investor Tim Draper "IndyWatch Feed Crypto"

The post The World Needs a New Kind of Currency, Bitcoin: Investor Tim Draper appeared first on CCN

Tim Draper, the founder of venture capital firm Draper Fisher Jurvetson, says the world needs a new kind of currency. Speaking from Stanford, California, Draper, an early investor in Bitcoin and a victim of the infamous 2014 Mt. Gox hack, spoke to Bloomberg TV of his confidence in cryptocurrencies. Draper lost around 40,000 Bitcoins in Continued

The post The World Needs a New Kind of Currency, Bitcoin: Investor Tim Draper appeared first on CCN

14:34

Durov Brothers File Telegram And TON With SEC, Report $850 Million Already Raised "IndyWatch Feed Crypto"

The creators of Telegram filed a notice of exemption with the SEC stating that $850 mln has already been raised for Telegram and their TON platform #NEWS

13:36

XinFin ICO Enters Second Week, Announces Institutional Partnership "IndyWatch Feed Crypto"

XinFins Hybrid Blockchain ICO was announced last week after launching minimum viable products and ongoing pilot projects with several institutions. The utility coin XDCE offering has now entered its second week.

XinFin, the first of its kind Hybrid blockchain platform is entering into the second week of the ICO for its utility coin XDCE. XDCE is an ERC 20 token that is also 1:1 swappable with the XDC that has utility in hosting masternodes as well as to be used on tradefinex.org platform for Global Trade and Finance beta platform.

XinFin XDC Masternodes can float tokenized or non-tokenized private subnetworks which can be used by banks, utility companies, communities or enterprises for blockchain enabling and tokenizing their assets. XinFin network is a peer to peer contract platform running on stake based DPOS consensus which can use existing approved payment channels or use XDC as a settlement layer only through approved financial institutions. The architecture makes XinFin fully compliant with laws of the land. said Karan Bharadwaj, CTO of XinFin.

TradeFinex.org Platform is the first app launched on the XinFins hybrid blockchain platform aimed at bridging the $27 trillion infrastructure deficit globally. It is connecting buyers, suppliers, and financiers through its trusted network of trade associations, financial institutions, policymakers, and regulators, he added.

XinFin launched the TradeFinex platform at second peer to peer Digital Asset summit organized by Assocham in India and extended the platform to over 450,000 enterprise members of Assocham. Amongst its institutional tie-ups are Global Youth Economic Summit by NM College group that extends the XinFin platform to over 35,000 students of various affiliated colleges. Singapore based Ramco Labs also announced to build hybrid blockchain solutions with XinFin on its XDC01 protocol for global supply chain finance. The upcoming major global expansion includes Canada and Sri Lanka to be announced in the coming weeks.

More information about XinFin is available on the platforms official website: www.xinfin.org. The XinFin token sale is available at www.xinfin.io. The platform also has an active community on Telegram, Twitter, and Slack. To participate in the Slack community, interested participants can find the invite here.

 

The post...

13:00

Number of Cryptocurrency Hedge Funds Rises to 226 Globally "IndyWatch Feed Crypto"

Number of Cryptocurrency Hedge Funds Rises to 226 Globally

The number of global cryptocurrency hedge funds has reached a record high of 226, according to research firm Autonomous Next. The hedge funds tracked by leading hedge fund database provider Eurekahedge show a return of 1,477.85 percent in 2017 on average.

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

226 Crypto Hedge Funds

Number of Cryptocurrency Hedge Funds Rises to 226 GloballyAccording to Autonomous Next, the London-based fintech practice of Autonomous Research, the number of hedge funds focused on trading cryptocurrencies more than doubled in the past four months. Reuters reported:

...

12:32

Cryptocurrency Market Recovers to $500 Billion as Bitcoin, Ethereum Record Gains "IndyWatch Feed Crypto"

The post Cryptocurrency Market Recovers to $500 Billion as Bitcoin, Ethereum Record Gains appeared first on CCN

For the first time in February, the cryptocurrency market has recovered to $500 billion, as most major cryptocurrencies including bitcoin and Ethereum recorded large gains in the past two days. Within the past 24 hours, bitcoin recorded a price increase 9 percent, rising from $10,030 to $10,850. Premiums in the South Korean cryptocurrency market have Continued

The post Cryptocurrency Market Recovers to $500 Billion as Bitcoin, Ethereum Record Gains appeared first on CCN

12:15

Special Edition A Must-Read Crypto Alert "IndyWatch Feed Crypto"

Special Edition A Must-Read Crypto Alert by Rich Jacobs Daily Reckoning Im liking what I see from the crypto markets lately. It may sound foolish or dangerous to say this, but hear me out. If you look at...

The post Special Edition A Must-Read Crypto Alert appeared first on The Daily Coin.

12:00

In 10 Years We Won't Have Blockchains "IndyWatch Feed Crypto"

Instead, we may have something that does what a blockchain does, only faster, cheaper and scalable. It'll look more like a graph than a linear chain.

11:42

Debt Rattle February 17 2018 "IndyWatch Feed Crypto"

Gilles Mostaert Sodom and Gomorrah 1597   Kudlow: Trump Needs A Return To King Dollar (CNBC) The Stock Markets $3 Trillion Trauma (BBG) Why Todays Low Financial Stress Should Stress You Out (Colombo) US Government Is Nowhere Close To Regulating Bitcoin (CNBC) Banks Told Theyre Lagging On Response To Climate

The post Debt Rattle February 17 2018 appeared first on The Automatic Earth.

11:30

PR: London Blockchain Startup FarmaTrust Partners with Mongolian Government to Stop Fake Medicine "IndyWatch Feed Crypto"

London Blockchain Startup FarmaTrust Partners with Mongolian Government

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.

FarmaTrust, a UK blockchain startup and global tracking system has officially signed a partnership with the Mongolian government to pilot a one-year project aimed at preventing the creation and distribution of counterfeit medications. The project will include both governmental and non-governmental parties in Mongolia, including the Specialized Inspection Agency of Tuv Province of Mongolia and the Mongolian e-Government Center NGO.

The pilot project will kickoff in the Tuv Province, a province outside of the capital city of Ulaanbaatar. Immediate tasks include conducting feasibility reports and helping government monitoring and inspection of pharmacies, and pharmaceutical supply chains, including warehouses and retailers.

FarmaTrust CEO, Raja Sharif, explains, This project is a great multinational collaboration to mix blockchain and other emerging technologies to secure and optimize the pharmaceutical supply chain. Mongolia is a great starting point. With a population of just 3 million, tracking and implementation can quickly scale on the national level. Mongolia is also important as a strategic middle point between Russia and China, two countries that have experienced large amounts of counterfeit medicine in the past.

FarmaTrust is providing the knowledge and experience in blockchain supply...

11:06

SEC Suspends Trading of Three Companies With Ties to Cryptocurrency "IndyWatch Feed Crypto"

SEC Suspends Trading of Three Companies With Ties to Cryptocurrency

The U.S. Securities and Exchange Commission (SEC) has suspended trading in the stocks of three companies with ties to cryptocurrency. One of the three is also planning an initial coin offering. The SEC says it is concerned about the nature of the companies business operations and the value of their assets.

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

SEC Suspends Trading of Three Stocks

The SEC has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets, the agency announced on Thursday. They are Cherubim Interests, PDX Partners, and Victura Construction Group. The three stocks are traded over-the-counter, with a market capitalization of less than $5 million each, according to Factset. The suspension is temporary, beginning on February 16 and ending on March 2.

...

11:00

Just CryptoKitties? Ethereum Games Are Catching On "IndyWatch Feed Crypto"

CryptoKitties may be the best-known ethereum app, but other games are fast winning users and registering notable volumes for expensive collectables.

11:00

ZeroEdge.Bet Opens New Office in London "IndyWatch Feed Crypto"

ZeroEdge.Bet, a start-up that is building a blockchain based online casino network, is expanding its reach and will be opening brand new offices in London. The move was prompted by the unprecedented growth of the business, ahead of the proposed ICO dates later this year.

The ZeroEdge team is extremely excited to meet fans and followers of the Zero Edge online casino network when their new offices open within the next few weeks. The team, comprising of a range of experts in their respective fields including online gaming, cryptocurrencies, marketing, support, and much more, have put out the welcome mat for gamblers in the United Kingdom.

This is a great news for us and our community. We are delighted to have our new office in London. One of the reasons for opening an office in London was the access to the skilled job market. Blockchain experts, gambling industry executives, marketing gurus are all there.  Therefore, will be looking to grow our team to help us with our development on every aspect of the business. said Adrian Casey ZeroEdge.Bet CEO

london, zero edge

UK gambling market is one of the largest in the world.

United Kingdom gambling market size exceeds 14 Billion each year. Zero Edge will launch first blockchain based gambling sites in UK market just after ICO finishes and all Zerocoins are distributed publicly.

It is not by coincidence that Zero Edge has chosen London as one of their main centers of operation. Aside from the fact that London is one of the most popular cities in the world, with a vibrant melting pot of global cultures, it also happens to represent one of the largest online gambling markets in the world.

Residents of the UK love to gamble online and do so around the clock at various top online casinos aimed at the UK market. However, up until fairly recently, UK gamblers have been facing the very same problem as gamblers in other parts of the world playing at online casinos where, quite frankly, the house edge is out of control!

This is another reason why Zero Edge has chosen London to open their cutting edge new offices, to begin to roll out their plan to absolutely upset the entire online gambling industry with their unique 0% house edge concept, a first in online casino gambling (and gambling in general).

What is Zero Edge and How Does It Work?

...

10:13

ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts "IndyWatch Feed Crypto"

The post ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts appeared first on CCN

Dutch big four bank ABN AMRO has launched a new service wherein bank accounts are issued to individual clients via the blockchain, as alternatives to escrow accounts. ABN AMRO is shifting gears in its blockchain endeavor. The Amsterdam-based banking giant has announced a new service wherein individual client within non-bank organizations entrusted with client funds Continued

The post ABN AMRO Launches Blockchain Bank Accounts to Kill Escrow Accounts appeared first on CCN

10:00

DCC Realizing the Dream of Inclusive Finance "IndyWatch Feed Crypto"

The issue of competitive currencies by private-sector organizations and the survival and loss of currencies due to market competition is an ideal institutional system.

Friedrich Hayek, Nobel Prize-Winning Economist

The rise of blockchain technology is making Hayeks dream become reality. There is still much progress to make though; competitive currencies alone are not enough to destabilize the existing traditional financial system, nor to establish a truly desirable one. DCC, the worlds first public chain for distributed banking, is ready to bring real change to the financial markets.

From centralized to distributed banking DCCs vision

Distributed banking is a new kind of cooperative service relationship where financial service organizations collaborate with each other on a decentralized blockchain basis.

Stewie Zhu, Project Leader, DCC

The traditional financial markets are heavily dependent on centralized banking institutions, with key user credit data and transaction data controlled by a handful of mega-sized financial firms. By contrast, DCCs goal is to serve as a public chain for distributed banking, establishing a decentralized financial trading platform. In DCCs framework, each individual has full control over their credit information. Financial institutions are then able to provide multiple competitive services to customers according to their digital credit data and there are no fixed relationships among institutions.

DCCs user account system is based on decentralized DCCID which ensures that transactions and credit data cannot be tampered with. Personal credit data reports are stored in the cloud, while all data transmissions are encrypted for the highest level of security. Blockchains intelligent contract interaction architecture successfully shifts personal data from the grasp of centralized credit institutions to decentralized individuals.

The DCC platform is open architecture too, meaning any party can create intelligent contracts based on open standard protocols or develop DApps (decentralized apps) to expand the DCC environment.

DCC will ultimately transform the financial market structure, leveraging innovation to drive change from centralized to distributed and decentralized.

Why do we need DCC?

The traditional financial industry is highly centralized.Financial transactions rely heavily on the endorsement and support of large financial institutions, with substantial transaction fees paid out to these institutions. Monopolistic financial institutions have in fact raised lending rates for borrowers and reduced the in...

09:29

Tax-Free Ways to Transfer Bitcoin and Other Crypto: Expert Take "IndyWatch Feed Crypto"

You can give cryptocurrency as a gift, and it doesnt trigger income taxes. #EXPERT_TAKE

08:27

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

It is likely that most altcoins will complete a 3-bar bull reversal pattern known as a morning star right at key support levels in the weekly chart.

LTC, Lumens and EOS/USD will lead the charge and offer wonderful buy opportunities next week.

My advice is for buyers to wait for meaningful entries next week and not to buy at peaks at current prices.

Lets have a look at these charts:

XLM/USD

alt coin XLM/USD Technical analysisXLMUSD Daily Chart for February 17, 2018

In the coming sessions, trading Lumens is pretty much straight forward.

As we can see from the chart, prices are trending higher and with stochastics signals widening, it is likely that prices will continue rally-as it is doing at the moment, meaning every pull back in lower time frames is another clear buying opportunity.

Lets not forget that we are trading from a top-down approach. If this weeks end up bullish, then there will be a sweet confirmation of a 3-bar reversal bull pattern-the Morning Star in the weekly chart.

Therefore, this means any lows that prints in lower time frames is another opportunity to buy on dips with bull targets at $0.70.

IOT/USD

alt coin IOT/USD Technical analysisIOTUSD Daily Chart for February 17, 2018

Todays candlestick looks like...

06:52

7 speakers of Blockchain & Bitcoin Conference Thailand "IndyWatch Feed Crypto"

 

Cryptocurrency investments, blockchain trends and industry development vectors will be discussed at Blockchain & Bitcoin Conference Thailand

 

On March 6, Bangkok will host a large-scale international conference on blockchain, cryptocurrency and ICO Blockchain & Bitcoin Conference Thailand. The event will be held at the five-star hotel Pullman Bangkok Grande Sukhumvit.

Leading experts of the cryptocurrency sector from Thailand, as well as international experts from other countries will speak at the conference. Names and topics of the seven speakers are already known.

Joseph Tsou is the managing director at BlockEx. He has extensive experience in financial services and he is also a fintech expert. The topic of his presentation is Basic concepts of blockchain technology and a review of the cryptocurrency sector: trading, investments and ICO.

Vladislav Sapozhnikov is a co-founder and CEO of a decentralized cryptocurrency exchange Deex.Exchange. This expert in digital assets will talk about why decentralized ecosystems that use BitShares platform are the future of blockchain technology.

The investor and CEO of the DAV Foundation, Noam Copel, dedicates his presentation to everyone who is interested in effective investments and ICO. His report How to evaluate a token covers many aspects from the classification of tokens themselves to the history of the DAO foundation.

Cal Evans is a lawyer and consultant on cryptocurrency agreements at Gresham International. As one of the few experts on international law regarding cryptocurrency, in his report he will cover legal aspect of blockchain projects.

Keith Lim will talk about trends in the blockchain industry and current state of the cryptocurrency market. The expert manages the insurance service Hearti, which is based on blockchain and artificial intelligence.

Head of the SyncFab MFG Token Sale project Jeremy Goodwin is a high-tech enthusiast. He is interested in such innovations as additive and advanced manufacturing, artificial intelligence, cryptography and decentralization. The topic of his speech will be known later, as well as the topic of the report of another speaker Dr. Jason Corbett managing partner at the Silk Legal law firm.

Subscribe to the project news not to miss the announcements of new speakers and participants of the exhibition area! Registration to the conference is already open.

The post...

06:00

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 1.10 USD
1.00 USD = 0.00009 BTC
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