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Kraken CEO Jesse Powell had strong words for New York regulators who sought to compel the San Francisco-based exchange to participate in its new Virtual Market Integrity Initiative, which demands that trading platforms be more transparent. Earlier this week, New York Attorney General Eric Schneiderman began an inquiry into the operations of popular cryptocurrency exchanges.
The post Insulting: Kraken CEO Refuses to Comply with New Yorks Crypto Exchange Probe appeared first on CCN
VC firms Andreessen Horowitz and Union Square Ventures reportedly met with the SEC in March to request that tokens be exempted from SEC oversight.
Almost two thirds of British people would not support a cryptocurrency issued by their central bank, according to a survey. Pollsters also found that the majority of Britons have already heard of bitcoin, however, a third of the respondents admitted they would be more likely to invest in cryptocurrencies if they were regulated.
The survey has indicated a rising awareness about cryptocurrencies in the United Kingdom. The majority of Brits 93 percent now say they have heard of bitcoin, compared to 91 percent in January of this year, and 80 percent in November 2017.
The online poll, conducted by D-CYFOR, also found that Britons wouldnt trust a government-backed crypto, as reported by the Daily Express reported. 60 percent of the interviewed said they would not support the Bank of England in introduci...
The G20, the group of the worlds 20 largest economies, had begun discussions this year to build a regulatory plan for the cryptocurrency market and those talks are set to continue this week. CCN, in partnership with Criptomoedas Fcil, was the only specialized press from the crypto/blockchain industry present at the event in Buenos Aires and
The post Cryptocurrency Regulation Back on G20 Agenda in Washington Meet Today appeared first on CCN
Major crypto exchange Huobi plans to open EU office in not Malta, not Switzerland, but London. #NEWS
AirSwap, a New York and Hong Kong-based decentralized cryptocurrency exchange, has announced its platform is going live on April 25, 2018.
Decentralized cryptocurrency exchange AirSwap is ready to go live after having refined its protocol, built the initial platform, and launched its token on February 1, 2018. The companys vision of decentralization through peer-to-peer is set to go live on April 25, 2018.
AirSwap uses the blockchain technology to decentralize the three components of trade (custody, execution, and settlement) in order to remove the risk and limitation that centralized cryptocurrency exchanges carry.
Decentralized cryptocurrency exchanges establish a secure, free-form network of liquidity provided by market makers, and connectivity provided by their search engine. Its properties include on-blockchain trade clearing, the ability for users to retain control of their funds, and hosting an order book in some decentralized manner.
The most obvious benefits to decentralized exchanges include giving users total control of their funds, removing the risk of exchange insolvency or hacking, and creating global order books. Also, decentralized exchanges do not require customers to sign up and provide personal information.
While they cant directly access web-based centralized cryptocurrency exchanges, decentralized exchange protocols can call other smart contracts
It is expected that blockchain native dapps and scripts will eventually prefer peer-to-peer exchanges. Decentralized exchange protocols are open standards that allow for anyone to build on and customize, and automatically support new tokens.
The current negative aspects of decentralized exchanges i...
Have you heard of GIFcoin? If not, it is high time you did before the most transparent ICO of 2018 comes to an end.
Under severe conditions of a bearish crypto market, the crowdsale of GIFcoin the worlds first Gambling Investment Fund, is performing exceptionally well. The GIFcoin ICO is in its 4th Stage where potential investors can cash in on an attractive 20% bonus.
The cryptocurrency industry is riddled with uncertainties since the beginning of this year as the value of various tokens continues to hover below the February and March values. In such a scenario, those participating in the GIFcoin token sale stand to gain a unique edge over the ones investing in other projects. Unlike some of the other token sales, the price of GIFcoin tokens (GIF) is pegged to ETH instead of its fiat equivalent. At present, investors will receive 10,000 GIF tokens for every ETH deposited, along with an additional 20% bonus.
Compared to other projects, the GIFcoin is backed by VitalBet, an online betting platform with years of operational history. The investors trust in the project is further magnified by the unprecedented transparency of the team, which runs regular live streams, continually asks its backers for feedback, and is already working on the first steps of the roadmap even before the ICO has come to an end.
GIFcoin Grabs an Appetizing Chunk of the Gambling Industrys Gigantic Profits and Shares It with Investors
According to multiple reports, online gambling has its place among the TOP 3 most profitable digital businesses in the world today. In 2017 alone, the industry recorded revenues as high as $500+ billion.
By joining the GIFcoin ICO, you get the unique chance to benefit from these gigantic profits. GIFcoins main aim is to raise capital that will be used to develop its already existing money-generating betting website VitalBet further. Recent website statistics show that VitalBet has more than 20,000+ active users in 20 countries around the world (as of 2017), and its net profit for the same year was a little over $3 million.
As a GIF token holder, you will profit not only from the potential enhanced token value but also from a share of VitalBets yearly net profits. GIFcoin tokens holders will collectively receive dividends from their investments in GIF, accounting for 80% of the firms net profit. This will turn GIFcoin into a sustainable passive income earner for its investors. While GIFcoin...
The 450-plus member Enterprise Ethereum Alliance is set to release its common blockchain standards for business users before the end of 2018.
It turns out that Savedroids exit scam was actually a bizarre publicity stunt. As CCN reported, the German startup which had raised as much as $50 million through its initial coin offering (ICO) and external funding rounds appeared on Wednesday to have initiated an exit scam. The Savedroid website was replaced by the
The post Gotcha? Savedroid Says Exit Scam Stunt is Lesson to Crypto Community appeared first on CCN
Whether the markets were going up or down, one segment of the bitcoin industry has been consistently making serious money, trading venues. This has caused more companies to want to join the party and on the way offer stock investors exposure to the bitcoin ecosystem regardless of what some regulators think. This seems to be paying off now in the case of Square.
Square Inc (NYSE:SQ), the developer of the mobile payment app Square Cash, has seen its stock price jump up by about 5% on Wednesday. The spike was largely credited to a note by Nomura Instinet analyst Dan Dolev, who offered clients a very optimistic prediction for the effect of adding bitcoin trading by the company ahead of its May 2nd first quarter earnings report.
A joint investigation between Tokyo and Hyogo police into an alleged fraud involving a bitcoin worth 190 million has led to the arrests of 12 individuals in total. First reported by the Japan Times last week, the alleged scam involved a Tokyo-based marketing firm executive in his 40s falling prey to a group
The post Japanese Police Arrest 12 in $1.8 Million Fake Fiat/Bitcoin Fraud appeared first on CCN
Be careful what you wish for: Bitcoin should grow slow to avoid major downside, says analysis. #NEWS
Even without Telegram, ICOs are on pace to raise much more in 2018 than last year.
Unpacking three different predictions: institutional investors money, futures launch, regulations - what and how will influence the Bitcoins price? #ANALYSIS
My morning train reads: Bitcoin Is Really Worth Somewhere between $20 and $800,000, according to economic theory and a night of drinking (Bloomberg) From Hawaii to Italy, free trips fuel retirement savings sales push (Politico) Increased Minimum Wages Positive Effects Persist and Grow in Magnitude over Several Years (CivicSkunkWorks) Forecasts? I Havent Got A Clue (Psy-Fi
IBM and major intl banking partners report first live pilot transactions from their Blockchain trade finance platform Batavia #NEWS
LocalBitcoins, a low-fi exchange launched in 2011, is gaining traction in overlooked markets where people have less access to VC-backed alternatives.
The price of bitcoin took a dive Tuesday, falling by more than $200 in under 20 minutes, a move that could have been the result of a single seller unloading a sizeable amount of the digital currency.
Profits elude fledgling bitcoin miners, while institutional bitcoin miners continue to rake it in. Mega bitcoin miners like Bitmain and Bitfury are threatening to squeeze the smaller players out of the picture, according to a Bloomberg report. As a result, expect to see some consolidation in the bitcoin mining space and a possible paradigm shift
The post Profitable Bitcoin Mining? Big Miners are Squeezing Out Dorm Room Rigs appeared first on CCN
Phi Beta Iota: John McAfee is not just a technology wizard, he is also a philosopher. His comments in history on using blockchain to create a world in which lies are eradicated and truth is a common currency are epic. His comments of replacing all the elements of #GoogleGestapo are also epic.
Dow Jones Media Group partners with Blockchain project Brave in order to experiment with the BAT token system, which rewards users for their Basic Attention in interacting with ads #NEWS
The New York Attorney General office launched a fact-finding inquiry to discover how the cryptocurrency exchanges work and what theyre doing to fight bots, money laundering, and market manipulation. Erik Voorhees, CEO of ShapeShift, and Jesse Powell, CEO of Kraken, denounce the questionnaire as hostile to cryptocurrencies and business, in general.
Eric T. Schneiderman, the New York Attorney General, sent questionnaires to 13 cryptocurrency exchanges in order to better understand how they operate and protect their customers investments.
The office sent questionnaires to Coinbase, Gemini Trust Company, Payward (Kraken), Bittrex, bitFlyer USA, iFinex, Circle Internet Financial Limited (Poloniex), Binance Limited, Elite Way Developments (Tidex.com), Bitstamp USA, Gate Technology (Gate.io), itBit Trust, and Huobi Global (Huobi.Pro).
The cryptocurrency industry is somewhat baffled at the initiative from the New York Attorney General as its approach seems hostile to the ecosystem. The AGs tone-deaf response shows just how bad the disconnect really is, said Kraken CEO Jesse Powell on Twitter. Not only are they apparently experts in what legitimate businesses desire, they are also experts in whats important to consumers. I have a wild idea: how about we let the market decide?
Jesse Powell published Krakens the full reply to the New York Attorney General, slamming the state governments hostile approach and its attempt at inquiring companies based outside New York.
The statement added that Kraken is happy to help government understand their business, but instead of an inquiry, a conversation at lunch would be more productive and respectful.
We did all this once already, and then you gave us the...
Bitcoin has been struggling to break through the long-term descending trendline, but that could change today.
When it comes to politics, the world seems to be getting more and more polarized. Looking at the USA as an example, you can see that in pretty much any national election, the USA now has clear blue and red states, in a manner that would have been simply unimaginable even just back in 1984
The Korean Blockchain Industry Association, formed with 33 South Korean exchanges, has revealed a set of rules for 14 of its exchanges. The organization was formed in December of last year, where it was announced that famous cryptocurrency exchanges Bithumb, Coinone, Upbit and Korbit were also members of the self-regulatory group. The first rule follows South
The post Self-Regulatory Body Outlines New Rules for 14 Korean Crypto Exchanges appeared first on CCN
The Batavia blockchain trade finance platform has completed a pilot that conducted live cross-border transactions involving corporate clients.
This week Dhruv Bansal the co-founder of Unchained Capital, a cryptocurrency based financial services lending firm released a research study called Bitcoin Data Science: Hodl Waves part one. Bansal and his team analyzed the BTC networks ledger of Unspent Transaction Outputs (UTXO) over a few years and discovered how when BTC lost a large share of value transactions occurred less because of new investors and distinct holding periods materializing.
The cash to crypto lending service Unchained Capital had analyzed the Bitcoin core (BTC) blockchain and the networks UTXOs a few years ago and decided to publish the firms data. Blockchains use a ledger mechanism called Unspent Transaction Outputs or UTXOs and this data is timestamped. This means blockchain researchers can figure out when UTXOs were last used in a transaction which has given the company a rich set of data throughout the years.
Unchained Capital created a colored coded chart which calculates waves of age distribution within the digital currencys UTXOs and their age distribution set back to the genesis block in 2009.
This chart is fascinating because it displays the macroscopic shifts that have occurred in bitcoins ownership through history. Spikes in the b...
Indian banking giant ICICI, the countrys second-largest private bank, has roped in 250 corporates to conduct both domestic and international trade finance transactions on its custom-made blockchain platform. In a major pivot that underlines the growing confidence in decentralized blockchain technology, ICICI bank has pointed to corporate firms and giants undertaking various types of transactions
The post 250 Corporates Join ICICIs Trade Finance Blockchain Platform appeared first on CCN
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.
Tallinn, Estonia, April 19, 2018 Having attracted half a million traders in just five months with an average of 50,000 active users per day, AI-based digital asset exchange platform Bibox today announced average per day trades of US$100 million.
With a super-secure trading platform that applies the latest in big data analytics and AI technology to detect trading anomalies that pose risks in real-time, Bibox has seen a user growth rate of more than 300% per month. Bibox provides functions for professional traders that include Planned, Conditional, Iceberg, TWAP, Stop Loss/Gain orders.
Underpinned by blockchain and proprietary algorithms, Biboxs supports more than 35 tokens and 112 trading pairs, including Bitcoin, Ethereum and Tether, with AI selecting listings for new tokens on Bibox Digital Exchange Platform based on merit. Bibox adopts and end-to-end approach to AI-based security that includes monitoring functions and alerts for suspicious activity.
Given its transparency and security credentials, CEO Jeffrey Lei wants to extend secure trading beyond crypto geeks, and develop a platform that is accessible to everyone, Eventually users with different risk tolerance capabilities will have different access to trading services and fees according to their identity.
At present, Bibox can handle more than 10 million users at the same time and 1 million transactions per second.
For more information please visit official website Bibox, subscribe to Bibox official accounts in Twitter; Reddit; and Medium.
Contact Email Address
Companies venturing into Bitcoin trading are taking a big risk. This largely unregulated market remains subject to a lot of volatility. For Square, their decision to offer Bitcoin trading has paid off in spades. Nomura Instinet analysts claim Square will bee see a healthy boost to Q1 earnings thanks to this new feature.
A lot of people were surprised when Square decided to enter the Bitcoin market. Given the current demand for exposure to cryptocurrency volatility, the decision makes a lot of sense. Square Cash introduced the trading of BTC earlier in 2018. It now appears that decision may have a big impact on the companys share prices. In fact, they may even soar by as much as $15 per share. Those are the findings of Nomura Instinet analysts.
Dan Dolev, the person submitting these findings, predicts a healthy boost in company profits. The addition of Bitcoin trading has been very successful so far. Consumers want convenient access to cryptocurrencies without the hassle of dealing with centralized exchanges. Square Cash appears to check all of the right boxes for US consumers.
If the findings are correct, Square can further solidify its international presence. To achieve that goal, company shares need go up in value. According to Dolev, that should be feasible. Squares stock prices are already up over 48% throughout 2018. The quarterly earnings will be disclosed on May 2nd of this year.
Earning money from offering Bitcoin trading services is a must for Square. Dolev comments the company could earn up to $125 in additional revenue per user. While the company does not disclose exact figures of users trading Bitcoin, it is expected as much as 6% of their client base does so. This results in a boost of up to 3% to adjusted revenue.
Jack Dorsey, the...
Cryptocurrency mining orders have helped set a new monthly sales record for Taiwanese semiconductor maker TSMC.
Determining the future direction of Bitcoin price is always a gamble. Technical analysis can help people gauge what the market is trying to achieve. According to Dan Morehead of Pantera Capital, this is the moment when the trend will turn bullish. Now is an excellent buy opportunity, in his opinion, as the bear market seems over.
Every single year, Bitcoin sees its up and downs. Such cycles are inevitable in the financial world, especially when dealing with speculative assets. For Bitcoin, the most recent bear market seems to be coming to an end. Those are the findings of Pantera Capital CEO Dan Morehead. The low of $6,500 is the proverbial bottom for Bitcoin for the foreseeable future.
Additionally, it seems now is still a good time to buy. Morehead considers the 200-day moving average low point a significant bullish signal. It doesnt happen all that often something constantly growing in value reaches such a dip. After hitting $6.620, the Bitcoin price strongly rebounded in the past week and a half. At the time of writing, its value is back near the $8,175 level. That is still a net loss of over 60% compared to last years all-time high.
Morehead is confident the year 2018 will end on a positive note. His firm netted a 25,000% return last year. While history does tend to repeat itself, this year may not be as spectacular. With many losses still to be recovered, there is a long way to go to break even in this regard. Even so, investors in Moreheads firm Pantera Capital are bound to make money regardless of the market trend. He is confident people will make a great return even if Bitcoin were to fail.
Looking at the current market information, Morehead may prove to be correct in the long run. All currencies have seen their values increase sharply over the past week and a half. For Bitcoin, a $1,500 increase is not something to sneeze at. Ethereum, Litecoin, XRP, and others have also seen.....
With fatigue for trials setting in, business blockchain builders are talking creatively about how to handle the costs of distributed ledger networks.
Ethereum classic price is poised to extend gains against the US Dollar and Bitcoin. ETC/USD is likely to move past $18.00 for a test of the $20.00 handle.
There was a bullish bias formed above the $15.00 level in ETC price against the US dollar. The ETC/USD pair formed a solid support base at $15.00 and started a key upside move. It traded higher and cleared a few important hurdles such as $16.00 and $16.50. More importantly, there was a close above the $16.50 level and the 100 hourly simple moving average, which cleared the path for more gains.
As a result, the price moved above the $17.00 resistance area. Later, there was break above a major connecting resistance trend line at $17.40 on the hourly chart of the ETC/USD pair. The pair traded further higher towards the $18.00 level. A high was formed at $17.97 before the price started a downside correction. It seems like the price may tested the 23.6% Fib retracement level of the last upside wave from the $15.03 low to $17.97 high. The $17.40 support is also close to the broken trend line. Therefore, the $17.40-50 area could act as a strong buy zone.
The chart indicates the current bullish trend above $16.50. As long as the price is above $16.50 and 100 SMA, it could trade to a new monthly high above $18.00. The next major barrier for buyers is close to $20.00.
Hourly MACD ...
Have you ever played games at an online casino and wondered just how hard or easy it is to own an online casino? Most of us have at some point or other. After all, owning an online casino must be like owning a money printing machine.
There are two schools of thought here, on the one hand, are those who believe that owning an online casino must be super easy. After all, from the surface it looks like the online casino runs itself. The entire thing is run by a computer, all the games and everything else. So, all you have to do is have the right amount of money to start the casino, right?
The other school of thought believes that owning and operating an online casino must be a near-gargantuan task. They dont see the simple fact that everything works off software as a factor that mitigates the complexity or difficulty of the operation. In this camp, the very idea of an ordinary person owning and operating an online casino is next to impossible. It would simply require too much money and there would be too many things to consider that only someone on the inside (or well connected) would know how to pull off.
So, which is it, is it is easy or is it really difficult to open an online casino? Of the two schools of thought outlined above, which is the most accurate? What if there was a third option that allowed you to skip both of these schools of thought altogether?
A New Way of Playing Online Casino Games
There is an entirely new way of playing online casino games that is causing quite a stir within the online gambling community. This new way of playing is such a bold step that many experienced online gamblers and industry experts are calling it a revolution in online gambling.
Its called ZeroEdge and it will totally change the way you think about online gambling for good.
Up until now, all online casinos have been operating on the same principle called the house edge. The house edge is an unfair advantage that is built into every single online casino game and it gives the house (the casino) a consistent advantage over the player, regardless of the actual outcome of the wager. For many gamblers, this is simply unacceptable and, as a result, has caused many to close their online casino accounts in search of something better.
Today weve simply given-in to no nutritional value, guilty pleasure, lowest common denominator: bitcoin-related crime news. Start your day with laughs and head scratching, as we examine the purported Savedroid ICO exit scam, an international bitcoin heist escape, the fury of a scorned woman, a bear spray robbery, and some whole food violence.
This cant be real, right? This must be a publicity gimmick. Well, in any event, German online news source Wirtschafts Woche documents how Savedroid has apparently taken the money and run. The company website was replaced with a meme picture, Aannnd its gone. Founder and CEO Yassin Hankir tweeted a picture of himself on a beach, long gone. All this after having raised $50 million in an ICO....
Alternative cryptocurrencies (altcoins) and Ethereum have outperformed bitcoin over the past 24 hours, the most dominant cryptocurrency in the market, over the past two weeks. The valuation of the cryptocurrency market has rebounded to $346 billion, moving closer to the $400 billion region. Altcoin Season In periods of extreme volatility and uncertainty, investors tend to
The post Bitcoin Back to $8,250, Ethereum and ERC20 Tokens Secure Momentum appeared first on CCN
Ripple price broke to the upside against the US Dollar and Bitcoin. XRP/USD is now positioned nicely for more gains above the $0.7200 level in the near term.
There was an increase in buying interest above the $0.6500 level in Ripple price against the US Dollar. As a result, there was a fresh start of an upside move from the $0.6500 low. The price traded higher and moved above the $0.6600 and $0.6800 resistance levels, which opened the doors for more gains. More importantly, this weeks contracting triangle with resistance at $0.6800 was breached on the hourly chart of the XRP/USD pair.
The pair was also successful in clearing the $0.7000 resistance. It traded above the $0.7300 level and a new intraday high was formed at $0.7380. At the moment, the price is correcting lower towards the $0.7200 level. An initial support is around the 23.6% Fib retracement level of the last wave from the $0.6460 low to $0.7380 high. However, the broken resistance at $0.7000 will most likely act as a strong support. Moreover, the 50% Fib retracement level of the last wave from the $0.6460 low to $0.7380 high is at $0.6925.
Looking at the chart, there was clearly an upside break above $0.6800. There can be a minor downside correction in the short term towards $0.7000 or $0.6900 before the price resumes its uptrend. On the upside, above $0.7350, the price could test the $0.7500 level.
The International Monetary Fund has reported that the global debt has hit $164 trillion marking a trend that could lead to a catastrophic recession if countries fail to pay off debts due to strict financing conditions.
The IMF said in its semi-annual fiscal monitor report on Wednesday that the global and public debt has ballooned to 225% of global gross domestic product in 2016, the last year for which the fund has figures for.
Vitor Gaspar, head of the IMFs fiscal affairs department was quoted in a Bloomberg article as saying
One hundred and sixty-four trillion is a huge number. When we talk about the risks looming on the horizon, one of the risks has to do with the high level of public and private debt.
These figures from the IMF show that world economy is still struggling under the hangover of the 2008 financial crises which strained international banking systems to the breaking point and caused a worldwide recession.
The IMF warns that high levels of fiat debt in a time of reduced financing will make it difficult for debtor nations to refinance when their loans come to maturity. These same large debts can impede growth and cause financially troubled economies to spiral into recession.
In a recent Ask Me Anything session on Reddit Bill Gates responded to a question about the possibility of another global recession similar to the one in 2008 by answering bluntly Yes. It is hard to say when but this is a certainty.
Gates went on to say that his friend and partner in philanthropy Warren Buffet understands economic matters better than himself. Buffets advice in the same article is to hold onto investments for the long run, saying that If you arent willing to own a stock for ten years, dont even think about owning it for ten minutes.
A neutral observer may ask what good is owning any stock pegged to a fiat currency which may...
Most US states have adopted some regulatory stance in regards to cryptocurrencies like bitcoin and the blockchain technologies behind them, according to a report by the Brookings Institution. The study classifies jurisdictions according to their attitude towards digital currencies and the levels of engagement with the underlying technology.
State governments are at various stages of implementation of crypto and blockchain technologies. Some of them have not yet introduced regulatory regimes to take full advantage of them. Most, however, have shown interest in leveraging these technologies to stimulate local economies and improve public services. The authors have identified two waves of new crypto-related regulations in the last several years.
The first wave started in 2014, with more than 20 states adopting relevant legislation. At that first stage, authorities in at least 10 states, like California and New Mexico, issued warnings about investing in cryptocurrencies. The second one came in the last two years when a large group of states started exploring the potential implementation of blockchain technologies in the public and the private sector.
Ethereum price is gaining upside momentum against the US Dollar and Bitcoin. ETH/USD is likely to extend gains with next hurdles near $547, $550 and $575.
There was a decent support base formed around the $510 level in ETH price against the US Dollar. The price consolidated for some time before it started an upside move from the $511 swing low. The 100 hourly simple moving average (currently at $508) acted as a major catalyst for an upside move. Buyers succeeded in pushing the price above the $530 resistance area.
There was also a break above the 1.236 fib extension of the last decline from the $524 high to $487 low. The current trend is positive above the $530 level and it seems like the price may continue to rise. Once there is a close above the $535-536 levels, the price could move past $540. The next resistance is at $547, which is the 1.618 fib extension of the last decline from the $524 high to $487 low. If the price corrects lower, the $530 support may act as a buy zone. Moreover, there is a new short-term connecting bullish trend line forming with support at $525 on the hourly chart of ETH/USD.
The chart suggests that the price is gaining momentum above $525. It could continue to rise towards the $550 or even $575 level in the near term. An intermediate resistance is at $560.
Hourly MACD The MACD is gaining momentum in the bullish zone....
The post BTC.com Wallet Review Is this HD Hybrid Wallet Safe to Use? appeared first on 99 Bitcoins.
BTC.com is an open-source Bitcoin (BTC) and Bitcoin Cash (BCH) web and mobile wallet and also a block explorer. Created by Bitmain in 2016, it allows users to store, send and receive Bitcoin and Bitcoin Cash on the web or on their Android or iOS devices. There is a clear emphasis on simplicity and security [...]
Markets are in the green, what orders to place? #PRICE_ANALYSIS
Bitcoin cash price is gaining upside momentum above $850 against the US Dollar. BCH/USD could soon break the $900 level to extend gains in the near term.
The past few sessions were positive as bitcoin cash price formed a key bottom below the $750 level against the US Dollar. The price started a nice upside move and cleared many hurdles on the way up such as $800 and $850. The upside move was very strong as the price traded close to the $900 level. At the moment, the price is trading well above the $850 support and the 100 hourly simple moving average.
During the upside move, there was a break above a minor bearish trend line with resistance at $780 on the hourly chart of the BCH/USD pair. The trend line break was the main reason the recent upside surge above $850. It traded as high as $903 and is currently consolidating gains. An initial support is near the 23.6% Fib retracement level of the last wave from the $726 low to $903 high. It seems like downsides would be limited in the short term since there are many supports at $860 and $850.
Looking at the chart, there is a strong bullish trend in place above $800-820. A successful close above the $900 level could ignite further gains toward the $940 and $950 levels.
Looking at the technical indicators:
Bitcoin Price Key Highlights
Bitcoin price is forming an inverse head and shoulders pattern to signal that a longer-term climb could take place.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This suggests that theres still a chance for the selloff to resume. However, the gap between the moving averages has significantly narrowed to indicate a potential upward crossover.
In that case, bullish momentum could gain more traction and allow bitcoin price to surge past the neckline around $8,400. The chart pattern is around $2,000 tall so the resulting uptrend could be of the same size, taking bitcoin to the $10,000 area of interest next.
Stochastic is moving up to confirm that buyers have the upper hand. However, the oscillator is nearing overbought conditions to show that buying pressure could fade. If sellers return, another dip to the nearby inflection points at the moving averages could take place. RSI seems ready to turn higher to reflect a return in buying energy.
Several analysts have been pointing out bullish signals and it seems to be turning into self-fulfilling prophecies as more traders get wind of these predictions. Then again, sentiment in the industry has considerably improved after news of George Soros prepping to invest in the industry broke out.
Dollar demand remains supported, though, as bond yields are rising on renewed prospects of tightening due to mostly upbeat data and hawkish FOMC remarks. Still, the developments in the cryptocurrency space and lingering geopolitical risks have kept bitcoin price supported....
Researchers have unveiled a new ethereum scaling project with a focus on security, and even Vitalik Buterin wants to see it grow and succeed.
1.00 AUD = 0.00009 BTC
0.00010 BTC = 1.05 AUD
The momentum has returned and crypto markets are performing well this morning in Asia. After a couple of days of sideways trading things are starting to move upwards once again and total market capitalization is moving towards the key $350 billion level which represents the high of the last rally. Bitcoin is up 3% on the day and is currently trading at just under $8,200. Altcoins are also performing well and are mostly in the green, the one streaking ahead this morning for the second day in a row is Stellar Lumens.
Coinmarketcap reports that XLM is outperforming all of the other cryptocurrencies in the top 25 once again and is trading 21% higher than this time yesterday. Currently priced at $0.37 Stellar has gained solidly from the $0.31 level it was at this time yesterday. Weekly gains are also very impressive with 76% growth from $0.21 from this time last Thursday. Similar gains can be seen on the monthly chart also as Stellar rebounds from its low in mid-March. Compared to Bitcoin XLM is trading 17% higher today at 4580 satoshis from 3900 sats this time yesterday. On the week Stellar has gained over 50% against BTC from 3030 satoshis this time last week.
The announcement of a partnership with global software technology and systems integrations provider, Novatti, has boosted the altcoins performance today. Stellars payments blockchain will be used to improve Novattis payments technology. Transactions across the network are expected to start next month and director of partnerships at Stellar, Ella Qiang, said Congrats to our anchor partner Novatti Payments on completion of Stellar integration! Look forward to seeing transaction commencement in the coming month.
Binance leads the way with XLM trade volume at almost 30% of the total. South Koreans are also heavily into Stellar this morning with Upbit and Gopax taking a further 30% in KRW. Total volume has increased over 60% in the past 24 hours and currently sits at $200 million. Stellar is poised to overtake Cardano in the market cap top ten and currently sits at 8th position with $6.9 billion.
Total crypto market cap has increased by 6.5% over the past 24 hours and is currently $347 billion. It has almost reached the previous high and if it can exceed $355 billion it may signal a true market recovery. Most of the other altcoins are performing well during A...
Its every cryptocurrency investors worst fear, the exit scam, and it may have just happened again. All signs point towards the founder of Savedroid having taken the companys money and ran.
The founder of German-based startup Savedroid, Yassin Hankir, is feared to have taken off with the $50 million his company raised in its ICO and headed for the beach.
Savedroid was purportedly building an AI-powered app that would help users to invest in a vetted portfolio of cryptocurrencies and related derivatives. It, like many other fintech startups also claimed it would produce a cryptocurrency funded credit card, a claim common among ICOs that turn out to be a scam.
Originally reported by Bloomberg Savedroids website has been replaced with the And Its Gone Meme from South Park. In case that message wasnt clear enough founder and CEO Hankirs last two tweets were of him at an airport followed by his hand holding a beer on a beach along with the message Thanks guys! Over and out#savedroidICO,
The companys Twitter account is still live but the last tweet posted on April 15 was a job opening for a social media marketing internship. This alone may have given birth to the hopeful rumor that the whole thing is an elaborate but poorly advised publicity stunt.
Cryptocurrency related sites are rife with speculation about how and why the exit scam was engineered. Early comments suggested the South Park meme was the result of a hack. One site has made a call out for investors to hunt Hankir down, already having identified the beach and resort in Egypt where the second tweet was sent from, even providing geo-coordinates for would be trackers.
The initial coin offering method of raising money for crypto and blockchain based startups has been plagued with frausters. Much of the regulatory debate that has erupted globally concerning the crypto market is focused on ICO controls. Still, the New York Based Satis Group, which provides advisory service to ICOs, has estimated that over 80% of ICOs are some kind of scam.
If Yassin Hanki...
The US Is Being Prepared For An Economic Collapse Transition Video X22 Report Another dump was made in Bitcoin, this time it was 50 million worth of digital currency, this drop came one day after the third largest bicoin...
The post The US Is Being Prepared For An Economic Collapse Transition (Video) appeared first on The Daily Coin.
100 years ago a wartime censorship act passed in the U.S. Congress called the Espionage and Sedition Acts of 1918. At the time censorship and propaganda tactics were applied to anyone who cast negative attention on war, and Americans could be jailed if they participated in this behavior. Eventually, the act was repealed but thousands of individuals and groups were convicted for expressing free speech. In memory of this occasion the nonprofit organization, Antiwar.me, is hosting an art contest dedicated to promoting a more peaceful society without war.
War is something the human race has been dealing with for centuries, and over the past few decades citizens worldwide have expressed their desires to stop wars but politicians and the bureaucracy continues to bolster the military-industrial complex. The nonprofit organization and non-interventionist website Antiwar.com has been promoting the idea of peace for years a...
Dow Jones Media Group has partnered with privacy-focused web browser Brave to explore blockchain applications for digital publishing.
In todays financial world one where cryptocurrencies and associated blockchain-based technologies are becoming more and more prominent Filippo Yacob thinks traditional piggybanks need a reboot. Thats why Yacob and his team created Pigzbe, a pink cryptocurrency wallet and interactive app, which run on a device the size of a small smartphone and are powered by a family-friendly digital token called Wollo.
The hardware wallet allows children to collect and store Wollo, while the app features games that teach users about exchanging, saving, and spending coins. To make the platform complete, users can even pay for products in the real world with a Wollo card that converts the tokens to fiat currencies. Unfortunately, due to regulatory issues, American and Chinese children are as of now not permitted to use Pigzbe.
Pigzbe, which runs on a decentralized blockchain ledger, enables families to come together as micro-financing networks. Families can transfer Wollo via Pigzbe across boarders almost instantaneously without exchanging currencies or paying fees: a single transaction costs 1/100,000 of a Stellar Lumen (currently, lumens are trading at around $0.32). Wollo transfers between family members are settled within three to five seconds, regardless of location.
On June 13th, Wollos will be issued via an initial coin offering (ICO). Pre-sales have already begun, raising about $10 million so far, according to Yacob. In July, users will be able to trade on SdEx, the Stellar Decentralized Exchange.
Yacob is also the CEO of Primo Toys, the creator of Cubetto a wooden code board and robot that teaches youngsters how to program computers. Speaking with Quartz, he explained that the main goal behind creating Pigzbe was to address financial literacy early in life, and allow families who are spread out around the globe to be involved in childrens financial lives.
NASA is supporting a research program at the University of Akron to study the application of Blockchain technology for spacecraft. #NEWS
Nigeria is set to have her first conference on Blockchain technology, the worlds leading software platform for digital assets. The conference, organised by Fintech worldwide in association with Eka Consult, will bring together varying industries in Lagos to discuss issues surrounding energy, supply chain, governance and Blockchain in Africa. Announcing this in Lagos, the 
BITCOIN MINING FARMS TAKING OVER QUEBEC Quebec Pushes Hydropower Utility to Halt Crypto Miners Video Elite NWO Agenda Bitcoin mining is a weird industry. Vast banks of dedicated computers solve complex equations to generate hashes worth a fraction...
The post BITCOIN MINING FARMS TAKING OVER QUEBEC Quebec Pushes Hydropower Utility to Halt Crypto Miners (Video) appeared first on The Daily Coin.
The Indian bitcoin community keeps fighting for their rights to operate freely in the country like any other industry. The latest show of defiance is a petition to the court against the actions of the Reserve Bank of India by the operators of a local exchange.
Kali Digital Eco-Systems, the company behind the upcoming cryptocurrency exchange Coin Recoil, has appealed to the High Court in Delhi against the recent crackdown on banks providing services to bitcoin related companies by the Reserve Bank of India (RBI).
According to the petitioner, the RBI directive is arbitrary and a violation of the Constitution of India and the court should therefore q...
A day after Brittany Kaiser testified before the British Parliament, where the former Cambridge Analytica director indicated that the firms harvesting of user data actually affected more than 87 million Facebook users, she appeared in New York on Wednesday to tout her new role as a champion of data privacy. Kaiser, who left her role
A day after Brittany Kaiser testified before the British Parliament, where the former Cambridge Analytica director indicated that the firms harvesting of user data actually affected more than 87 million Facebook users, she appeared in New York on Wednesday to tout her new role as a champion of data privacy. Kaiser, who left her role as director of program development at Cambridge Analytica just three months ago, is advising a new project, IOVO (for Internet of Value Omniledger), which is a blockchain-based platform created to give back the personal ownership and control over ones data, including enabling people to sell that data for money.
FuturoCoin is a new cryptocurrency and already has a lot of dedicated users. Since day one, FTO was created with a purpose to become a payment method.
Using cryptocurrencies as a payment method can be tough; a long confirmation time, miner fees and only a few places which accept cryptos for their services. FuturoCoin is a solution for those problems.
We know how important for you is the time, that is why we wanted to make cryptocurrency which could become a payment method, not only by implementing FTO for payments in shops, cafs, etc. but also by creating its usability by fast transactions.
Four seconds is enough. Transfer of FuturoCoin is visible in payees wallet in no time. This is not a premium version. For us it is standard. it is not only a promise; it is our mission.
FuturoCoin since day one has a lot of users and fans, that is why exchanges, e.g., YoBit implemented FTO on their exchange platform just a few days after FTO was launched. Also, thanks to dedicated users, FuturoCoin has won cryptocurrency votes, first on SouthXchange, a few days later on CoinDeal where FTO will be introduced for trading today (18.04.2018).
However, exchanges rise only trading value of cryptocurrency; we want to create a digital asset which can be used by everyone, not only by traders. That is why we are happy to see our product in projects such as Bitcoin API.
We dont only want to create cryptocurrency for traders; we want to build a new better payment system for everyone. That is why first we want to create FuturoCoin usability and implement it in products such as Bitcoin API. In the beginning, you will be able to use FuturoCoins to pay for caf franchise services. Thanks to Verified Solutions product we hope that FTO will be used to make payments in other services with using their software.
We care about the entertainment, that is why on 16.05.2018 game Coin OFF Mine will have its premiere. It is a free-to-play, location-based augmented reality game, in which you can collect FuturoCoins and fight bosses to be rewarded with an even larger amount of FTOs. Thanks to AR technology, you will mine...
IBM and Salon Media pilot a proof-of-concept Blockchain product that aims to improve transparency and data security in digital advertising. #NEWS
Entrepreneur, Investor, Adviser, Crypto-ICO realist and Founder at GrowthUP Group Denis Dovgopoliy talks on the future of ICOs, venture funds, successful and failed projects in the world of crypto, exclusively for NewsBTC.
Q: What do you see as the future for ICOs?
A: Most regulators believe that tokens dont require separate legislation. Apart from specific instruments and mechanics, securities laws also specify criteria for identifying which of the instruments are regulated ones. The vast majority of ICOs from 2017-2018 meet those criteria and thus might (and will) be regulated. Lets not forget that U.S. law is extraterritorial.
We also see that the market is maturing. The days of easy money are over and serious players have entered the market. The whole ecosystem is getting more institutionalized, and a baseless idea with an unknown team behind it wont attract money anymore.
For that reason, we will see ICOs transforming in 2018-2019 and consequently finding their niche. I see them as a part of Series B funding round for startups or a bridge between early Series A and Series B. Public token sales will challenge Kickstarter and Indiegogo and are likely to serve as a way to measure product demand.
Q: Which ICOs would you mark as successful and unsuccessful, and why?
A: For me, its hard to be impartial after 12 years in VC. Attracting investment is not a measure of success. Its just an instrument. The main measure of project success is product revenue. There are several projects that had significant revenues before holding their ICO, and token sales can boost those companies. But its too early to say. In my experience, it takes 12 to 36 months to go all the way from fundraising to product/market fit. Im closely following 35 ICOs. Hopefully, some of them will show interesting results by the end of the year.
Q: You have strong connections with funds all over the globe. What do they say about ICOs with Eastern European roots?
A: Eastern Europe is not homogeneous, different countries are really different. From what I can see, Ukraine has some strong projects and pretty low scam rates. On the contrary, in Russia, there are many projects with obvious signs of a scam. As for the Baltic states, I see quite promising projects, but not large-scale ones. Probably, thats due to a local legislative experiment allowi...
Basis, formerly Basecoin, has raised $133 million in a private placement, chief executive Nader Al-Naji revealed today. The Hoboken, N.J.-based project plans to create a stable cryptocurrency with an algorithmic central bank that will keep the price stable, something that has eluded cryptocurrency to date and limited its use as a reliable payment method. Funding
The post Price-Stable Cryptocurrency Project Basis Raises $133 Million in Funding appeared first on CCN
More than 250 corporates joined Indian ICICI Banks Blockchain platform for domestic and international trade finance transactions. #NEWS
With all of the attention on the movements in the bitcoin price, now could be the time to get your hands on BTC spinoff Bitcoin Cash, one trader says. Brian Kelly, founder of Investment firm BKCM, tells CNBC the technical signs including a possible breakout are pointing to an opportunity in Bitcoin Cash (BCH). Investors apparently taking his advice, with
The post Crypto Investment Firm Founder Turns Bullish on Bitcoin Cash appeared first on CCN
Nothing major from the news and today I would like us to check NEO. As we can see from the charts, buyers are rejecting lower prices and like EOS, there is accumulation going on. I will look for buy opportunities in these two pairs and trade according to our previous altcoins price forecast.
Lets have a look at these charts:
It appears that after everything, Stellar Lumens needed all but a small nudge. It did came and the result? Well, as hard statistics shows, Stellar Lumens is one of the top performers gaining 10% in the last 24 hours. With this, it means its market cap grew to $6.4B cementing its spot at number 8. Besides the ever vibrant SE Asia liquidity and huge trading volumes, news of Novatti Payment integration was a boost. I really think Stellar Lumens buyers can build on from here.
@ASX-listed #onlinepayments processor @NovattiPayments has made a commercially-astute move into #blockchainpayments by integrating its proprietary payments platform with @StellarOrg https://t.co/6a0ghsQus5 #australianfintech #fintech #blockchain
Australian FinTech (@austfintech) April 17, 201...
Filmmaker Seif Elsbei's Twitter account has been hacked, and took on the personas of at least six different cryptocurrency developers and exchanges.
The OTC bitcoin trading market appears to be attracting big banks and brokers from all over the world who wish to secure a piece of this growing pie for themselves. And the latest company that might create a brokerage specifically for the field is from the largest economy of South America.
Financial services firm XP Investimentos SA, operating the largest securities brokerage in Brazil, is reportedly working on a new venture in the cryptocurrency trading space. Back in October 2017 news.bitcoin.com reported that the company filed a patent for the brand XP Bitcoin, as its first entry into the cryptocurrency domain. Now the brokerage has been found to be behin...
Telegram CEO Pavel Durov is battling against Russian security forces, after they implemented a block on Monday, April 16, 2018, on the messaging app when it refused a court order to grant state security services access to its users encrypted messages, according to Reuters.
The move was initiated by Alexander Zharov, head of the Russian watchdog organization Roskomnadzor, who has blocked 18 sub-networks and various IP addresses belonging to both Amazon and Google in the process.
We have currently informed both companies that a significant number of IP addresses located in the clouds of these two services have fallen under the block due to the court ruling, Zharov commented. He further stated that Telegram has potentially been used by terrorists to coordinate attacks on both Russia and its neighbors.
But as the skies darken and defense seems like a lost cause, Durov is refusing to give up, as Telegram customers received the following notification early this morning:
For the last 24 hours Telegram has been under a ban by internet providers in Russia. The reason is our refusal to provide encryption keys to Russian security agencies. For us, this was an easy decision. We promised our users 100% privacy and would rather cease to exist than violate this promise.
Durov has since taken to his account on VK a Russian social network to explain that he is offering bitcoin grants to both companies and individuals alike that run proxy servers and virtual private networks (VPNs). He says hes happy to donate millions of dollars from his personal stash to illustrate and assist this cause, noting that both VPNs and proxy servers work against the hindrances set in place by Russian authorities.
Proxy servers operate by acting as connective tissue between clients and other servers. Normally, these clients seek information or resources from outside servers and thus link to a proxy server, which decides the best way to simplify and control the complexity of their incoming data. In additio...
In a collaborative effort to test the Brave platform and its
digital advertising token, the Basic Attention Token (BAT), the Dow
Jones Media Group has joined up with the Brave Software
On April 18, 2018, the two organizations announced that they will experiment with blockchain technology in the realm of digital advertising and media publication. This entails testing the Brave browsers digital advertising platform and its native currency, BAT, across the Dow Jones Media Groups brands, which includes Barrons, the Wall Street Journal and MarketWatch.
With the partnership, the Dow Jones Media Group is indicating that Braves overall mission, to deliver innovative, efficient advertising, resonates with the financial powerhouse.
Our partnership with Brave is an exciting and innovative step for Dow Jones Media Group, Daniel Bernard, Senior Vice President of Barrons, said. As global digital publishers, we believe it is important to continually explore new and emerging technologies that can be used to build quality customer experiences.
Per the partnership, Brave browser users will have access to premium content on barrons.com and from the MarketWatch newsletter on a first-come, first-serve basis, according to the press release. In addition, both Barrons and MarketWatch will join the likes of the Washington Post, the Guardian and Vice to become verified publishers on the Basic Attention Platform.
Were thrilled to be partnering with Dow Jones Media Group to provide Brave users with premium content via Brave and the Basic Attention Token, said Eich in a statement. Our new model reconnects users and publishers without compromising privacy. We look forward to our users enjoying Barrons and MarketWatch premium newsletters.
The partnership is another notch in the projects belt. In mid-March, the Washington Post...
Peer-to-peer economy platform Origin raised more than $28 million through a Simple Agreement for Future Tokens sale this year, filings reveal.
Bitcoin mining is increasingly becoming an activity for big business as the complex calculations needed to generate the virtual currency require industrial-scale capabilities. As the mining industry matures, the expected consolidation is likely to oust regular folks that use their personal computers.
Bill Tai, the chairman of Hut 8 Mining Corp., the North American arm for crypto-mining equipment provider Bitfury Group Ltd., expects only five to 10 of the largest miners to survive and be profitable.
Its totally different this year than last year. The bitcoin mining industry was this mysterious dark cottage industry, and its about to grow up and about to have elements of institutional scalability at all levels, Bill Tai told Bloomberg.
Lucas Nuzzi, a senior analyst at Digital Asset Research, says that selling bitcoins to defray operating expenses may depress the price of the digital currency, taking in account that miners hold between 20 percent and 30 percent of all Bitcoins. The concentration of mining power could launch the market into a new era, where a few players would have enough control to dictate the development of the blockchain ecosystem.
It has the potential of being dangerous from a security standpoint since a single entity could use its power in terms of hashrate to disrupt the network, Lucas Nuzzi commented.
Smaller miners buy their chips and machines from manufacturers. while industry-scale miners design and make their own hardware. Economies of scale allow them to place orders in bulk, buy electricity at a discount, and be profitable even with Bitcoin at $8,000.
We can buy and source orders of magnitude more. We can buy silicon in large quantities and commit to the electricity grid in chunk sizes. We have the cash to make the deposits and set them up, Tai added.
Smaller buyers are also facing a shortage of PC components to enhance their mining rigs. Increased demand, especially since 2017, wasnt met with a proportionate response from manufacturers, which led to prices skyrocketing.
Biotech-turned-cryptocurrency company Riot Blockchain has received a subpoena from the US Securities and Exchange Commission (SEC) and may be delisted from the Nasdaq. The Colorado-based firm, which attracted headlines last year following its unexpected pivot into the cryptocurrency space, acknowledged in a new public filing that the SEC is requesting certain information from the Company
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A German startup that raised around $50 mln in an ICO has thrown the Internet into confusion after its website became just a giant South Park meme saying Aannd its gone #NEWS
An exchange that left New York in 2015 has been contacted by the state's Attorney General. They're not happy about it.
A new cryptocurrency start-up has received $133 million in private investments. Intangible Labs will use the money to develop basis, a stable coin that will be built on the Ethereum blockchain.
Intangible Labs is the brainchild of three Princeton University graduates. The company has already received investment from some rather exciting groups. Amongst them are Bain Capital Ventures, venture capital firm Andreessen Horowitz, Lightspeed Foundation Capital, and Googles venture department GV. Individual contributors include billionaire Stan Druckenmiller, and former Federal Reserve Governor Kevin Warsh. The total raised so far is over $133 million.
The co-founder and CEO of Intangible Labs, Nader Al-Naji, spoke to Reuters about the decision to build a stable coin earlier today:
Volatility of cryptocurrencies has prevented their widespread adoption We are trying to build cryptocurrencies that have all the benefits of crypto but is stable.
Basis will be built atop the Ethereum blockchain as an ERC20 token. The idea behind it is that it will hold its price by expanding and contracting its total supply according to varying demand for the token. This will, in theory, keep the price consistent at all times.
Al-Naji first spoke to Reuters about Intangible Labs idea for basis back in October of 2017. He told the publication that the inspiration had come to him whilst penning a post for his personal blog, Nader Theory, in June. During the post, the Princeton graduate discussed the idea of having a coin that could increase and decrease its supply according to demand. This formed the idea behind basecoin later re-branded as basis.
So far, all the funding received by Intangible Labs has been raised through private investors and venture capital groups. The company are still undecided as to whether they will hold a public sale for basis. According to Al-Naji, the current regulatory environment surrounding ICOs might mean holding one is detrimental to the startup. The decision will be made after due...
Monero, the 11th largest cryptocurrency with a market capitalization of nearly $3.6 billion, jumped more than 12 in the last 24 hours as its price rose to $233.74. Monero, a privacy-centric currency, trails 10th place IOTA, which has a market cap of more than $4 billion. Recovering $1 Billion Monero has gained $1 billion this
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The cryptocurrency markets have shown early signs of a bullish momentum shift following several months of heavy selling pressure. After losing upwards of 75% to 85% and forming adam-and-eve style double bottoms, many leading cryptocurrency markets have produced significant bounces over the course of the last fortnight. The markets now appear poised in open air with either a retest of recently broken descending trendlines or further bullish momentum toward 23.6% retracement areas comprising the likely next moves for price of leading cryptocurrencies.
The bitcoin (BTC) markets led the charge for the recent crypto bounce, forming an adam-and-eve styled double bottom after testing $6,000 USD area for the second time in 2018. The bounce saw BTC make a fourth point of contact with a long-term ascending trendline from July 2017. The recent low of roughly $6,400 comprised a 62.5% loss in value from this years highs of approximately $17,000.
Chinese police have arrested 4 men in the city Xian for an allegedly fraudulent $13 mln crypto pyramid-scheme #NEWS
Cannabis social networking company MassRoots is developing a crypto rewards token and other blockchain applications.
Blockchain-based, equity fundraising platform Neufund, whose technology allows
tokenization of shares and fundraising on the blockchain,
is announcing that it will establish a strong presence in Malta
and support Maltas rapidly expanding blockchain ecosystem.
Neufund, a startup headquartered in Berlin, is the latest of many blockchain companies that have established a presence in the Mediterranean island nation, attracted by the promise of crypto-friendly regulations. Last week, cryptocurrency exchange OKEx announced that it is expanding its operations to Malta. In late March, Binance, the largest cryptocurrency exchange by trading volume, also announced plans to move operations to the cryptocurrency-friendly EU member state.
[Virtual currencies] will form the base of a new economy in the future, said Joseph Muscat, Prime Minister of Malta, in a recent speech.
There is huge interest in the blockchain industry from all across the globe and it has the potential to be even more beneficial to the Maltese economy than igaming, said digital economy parliamentary secretary Silvio Schembri.
An authority called the Malta Digital Innovation Authority (MDIA) will be created to regulate companies that operate on blockchains and to promote Malta as a destination for these companies.
Malta is not the first European nation to promote itself as a blockchain haven and try to attract capital and talent with crypto-friendly regulations, but the fact that Malta is a member of the EU could make it more appealing than, for example, Switzerlands Crypto Valley.
Looking at Maltas vision and progress in cre...
The Bank of Japan has become the latest government financial institution to recognize the risks of state-issued cryptocurrencies. According to its Deputy Governor Masayoshi Amamiya, a national digital coin may jeopardize the traditional financial system established in developed countries. The Japanese central bank has no plans to issue its own crypto, he said.
Digital currencies issued by central banks may have a large impact on the current financial system, the Deputy Governor of Japans central bank Masayoshi Amamiya said during a fintech conference. He told attendees, including representatives of the International Monetary Fund (IMF) and the Japanese Financial Services Authority (FSA), that the Bank of Japan had no immediate plans to mint its own crypto....
The man allegedly behind Februarys bitcoin mining rig robbery in Iceland has escaped custody. He is reported to have fled the country on a plane alongside the Prime Minister of the nation.
Reports suggest that Sindri Thor Stefansson fled the minimum security facility early yesterday morning. He is then thought to have boarded a plane headed for Sweden using another persons passport. The guards at Sogn open prison only announced the inmate as missing after the flight had already left.
The BBC reports that Stefansson used a window to escape from the facility in rural southern Iceland. The low-security prison is without fences and allows inmates access to their mobile phones and the internet. Presumably therefore, it was not difficult for Stefansson to arrange transportation for the 95km journey between Keflavik Airport and the prison.
The suspect then boarded a plane headed for Stockholm, Sweden along with Icelands Prime Minister. Katrin Jakobsdottir, who was travelling to the Scandinavian nation to meet with fellow Nordic politicians and Indias Prime Minister Narendra Modi, is yet to comment on the security breach at Sogn. Despite managing to travel using another persons documentation, authorities were later able to confirm the identity of Stefansson using video surveillance at the airport.
Stefansson was being detained for his suspected role as mastermind of the mining rig robberies that occurred in February. He was one of 11 people arrested over what was dubbed the Big Bitcoin Heist.
According to reports, around 600 computer systems were taken during four separate raids on Icelandic data centres. The value of the stolen goods is over $2 million and they are still missing. At the time of the robberies, the authorities appealed to energy companies to report any surges in power that might have indicated the miners were being put to use.
In the wake of a suspected crackdown on cryptocurrency miners in China, Iceland was favoured for mining operations thanks to its abundant cheap energy and cool climate. Other areas have also experienced an uptrend in the numbers of cryptocurrency mining operations setting up there. These include...
Sindri Thor Stefansson, the suspected architect behind Icelands Big Bitcoin Heist, has escaped an Iceland prison and reportedly fled for Sweden. Stefansson is one of a group of suspects in a crippling heist in which 600 computers worth millions of dollars and used for mining bitcoin and altcoins were stolen. The theft, which local media called
The post Big Bitcoin Heist Suspect Escapes Prison in Iceland, Flees to Sweden appeared first on CCN
Public interest in cryptocurrency has led to a rush of recent
advertising, mostly on social media and the internet. Much of that
advertising has focused on driving consumer interest in
contributing money to an Initial Coin Offering or ICO. Unlike other
forms of private investment, which are off limits to all but
wealthy, accredited investors, interest in cryptocurrency extends
beyond Wall Street to Main Street investors and this has regulators
worried. Where some see opportunity, regulators see potential fraud
The ads that seem to have regulators most concerned are celebrity endorsements. Within the last year, DJ Khaled, Floyd Mayweather, Evander Holyfield, Paris Hilton and Jamie Foxx have all endorsed a particular ICO or cryptocurrency on social media, often in ways suggesting the potential for wealth and riches. And not all of those ICOs have gone on to success. In fact, as discussed below, the one pitched by Holyfield was shut down by the U.S. Securities and Exchange Commission (SEC).
The risks to Main Street investors has prompted regulators to rush onto the scene and begin closely monitoring efforts to market cryptocurrencies to consumers. Below are some of the more significant developments over the past several months, as well as thoughts about what may lie ahead.
One of the earliest shots across the bow came from the SEC. While the SEC isnt exactly known for targeting celebrity endorsements on social media (the FTC usually does that), it issued a statement on November 1, 2017, urging consumers to be skeptical of celebrity-endorsed ICOs and warning endorsers that they must disclose the nature, scope, and amount of compensation received in exchange for the promotion. Failure to do so, said the SEC, would violate the anti-touting provisions of the federal securities laws.
Traditionally, the SECs tool of choice for targeting so-called pump-and-dump schemes, anti-touting laws, curtail the ability of paid promoters to influence the price of a security through endorsements. Case in point: the anti-touting provision of the Securities Act of 1933 makes it unlawful to give publicity to any advertisement or communication which describes [a] security for a consideration received or to be received without fully disclosin...
Crypto project Basis raises $133 mln from big name VCs to launch a non-volatile cryptocurrency #NEWS
A digital media pioneer, liberal news and commentary site
Salon launched in November
1995 just as online news was starting to get its teeth. This was
back when the internet was still ramping up. Publishers and
advertisers had a simpler relationship then.
Despite its wonders, the internet has made advertising models increasingly complicated. Where advertisers and publishers once had a one-on-one relationship, todays ads go through a series of intermediaries before they reach their target audience. This opens the door to high-tech fraudsters who do things like siphon money away from advertisers by spoofing them with fake impressions. The problem has gotten so bad that, by some estimates, one third of paid-programming impressions are not viewed by actual people.
Striving to find a solution, Salon is teaming up with IBM and nonprofit AdLedger to participate a proof-of-concept permissioned blockchain for programmatic ad buying. The hope is that blockchain technology will squash out fraud by bringing transparency to the ad-tech supply chain, giving advertisers clarity in regards to where their ad dollars are going.
"This proof of concept will not only help publishers like us regain more control over our inventory, but will also illuminate where inefficiencies exist within the long and complex supply chain," said Ryan Nathanson, chief operating officer of Salon Media Group, in a press release announcing the project on April 18, 2018.
AdLedger, a non-profit research-and-development consortium, is using the trial as way to educate its members about the potential of blockchain technology and also to begin forming rules and standards around putting ad tech on the blockchain. Salon will participate in the trial project as a publisher, while IBM is taking the dual role of advertiser and technology provider. Salon and IBM are both members of the AdLedger consortium.
The project itself is being built on Hyperledger Fabric, an open-source framework for permissioned blockchains, based partly on code contributed by IBM.
To be clear, the goal is not to develop production-ready software; the goal is to really expose the potential of blockchain and show our members what it can do so they feel comfortable putting those rules and standards into place, Christiana Cacciapuoti, executive director at AdLedger, told Bitcoin Magazine.
As she explained, at its core, the proof of concept w...
Mainstream capital markets have introduced bitcoin futures trading in December 2017, which triggered a run towards the $20,000 highs. That may have been just the beginning as investment bankers in Wall Street announce cryptocurrency trading desks.
Barclays Plc, one of the largest banks in the UK, has recently announced it is adhering to cryptocurrency trading in response to demand from customers. The move follows Goldman Sachs lead while many within the financial services industry are still figuring out their position on cryptocurrency as a trading instrument.
The goal of trading desks at banks is to fulfill customers needs and wishes, even if that means trading cryptocurrencies, as long as they are able to comply to the corresponding regulation. Otherwise, banks will essentially fall out of the financial system. It is the job of a bank to trade whatever customers want to, and this new tradeable thing automatically becomes a financial instrument.
Banks are able to pick the instrument and provide a number of financial services, including lending, broking (connecting buyers and sellers), market-making (buying or selling directly from or to customers for the banks own account), custody (holding for safekeeping and regulatory purposes), derivatives (taking complex bets from customers), and research.
Once there is a critical mass of client expectation that a kind of stuff is financial stuff, then the banks had better start providing those services for it, according to Bloomberg View columnist Matt Levine, a former investment banker at Goldman Sachs. Demand for such services has skyrocketed as hedge funds that deal with cryptocurrencies look for banks to handle the trades, similarly to prime brokers, and serve as custodians of the assets. The buy-side is struggling to expand into crypto because they are not allowed to use unregulated exchanges for such services.
Ever since Bitcoin futures contracts emerged, which allows exposure to the price without owning cryptocurrencies, money managers have been able to enter the market with more ease. Levine believes banks may eventually domesticate cryptocurrency if there is enough demand from clients.
Russias Telegram ban officially went into effect this week, but the encrypted messaging app is fighting back against the government censors and its using Bitcoin to power those efforts. Telegram founder Pavel Durov revealed Tuesday that he has begun distributing Bitcoin grants to groups and organizations operating virtual private networks (VPNs) and other proxy
The post Pavel Durov: Im Using Bitcoin to Neutralize Russias Telegram Ban appeared first on CCN
In a notice, the Philippines Securities and Exchange Commission (SEC) has sternly warned promoters of 14 cryptocurrency investment schemes against soliciting domestic investors. In an advisory published on Wednesday, the Phillipines SEC urged the public to be wary of fourteen unregistered online investment schemes promising unrealistic high-earning returns by claiming to invest in cryptocurrencies including
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Online casino gambling is the biggest industry on the web right now and if youve ever wanted to build your very own online casino, now is the best time to do so!
2018 is the year for the entrepreneur and the internet adventurer, with all sorts of possibilities now available. This includes online casinos which, up until now, have always been the domain of big business. Almost everyone knows that getting into the online casino industry is extremely difficult for a number of very important reasons. Find out why here.
Why Owning and Operating a Conventional Online Casino is Impossible
The online casino industry is massive and still growing. There are hundreds upon hundreds of online casinos already operating on the web, all trying to catch the same fish from the same ocean. This is one of the reasons why online casinos offer huge bonuses to unsuspecting new players, as a way to draw them in essentially bait.
While a conventional online casino may not cost as much to run as a conventional brick and mortar casino, there are still significant costs involved. This includes all sorts of factors such as domain registration, designing and building the website, purchasing back-end software, and games from well-known online casino software providers, purchasing online security services, licensing agreements, advertising and so forth. A new online casino also requires a significant amount of operating capital, particularly in the critical first few months of operating.
Unless you are a corporate entity, have significant financial partnerships in place, or are part of a syndicate or network, owning, operating or even launching an online casino is near to impossible. At least, a conventional online casino. But what about something a bit more unconventional?
Why Owning and Operating an Unconventional Online Casino is Easy
2018 is all about new opportunities and all things unconventional, bold and new and online casinos are no exception to this new wave of entrepreneurial thinking.
In 2017, a new concept in online casino gambling was announced to the world, the 0% house edge gambling concept. In this concept, all online casino games which usually have a built-in advantage to...
British Petroleum would consider partnering with startups that conduct initial coin offerings.
On Wednesday, April 18, cryptocurrency markets have been bouncing all around over the past twelve hours as a few coins have seen some higher gains than most. Three-day charts show bitcoin core markets took a slight dip after touching a high of $8,425 USD on April 15, as spot prices are up 2 percent today and the fiat value per BTC currently rests between $7,900-8,100. Bitcoin cash markets are on a tear and have seen a significant upswing in market action during the days trading sessions. The value of bitcoin cash is up 6.8 percent at a price of $825 per BCH.
Digital currency markets are seeing some action today, after a majority of coins took a slight tumble yesterday during the early evening trading sessions (EDT). At the time of publication BTCs market value is hovering between $7,900-8,100 with a decent amount of trade volume over the past 24-hours. Daily global trade volume for BTC shows an a...
The man who claimed to be bitcoin's founder won't stand for this "attempted shakedown" in U.S. federal court.
A startup comes up with an idea on how to provide pensions for Uber-drivers and lower advertising costs for Airbnb landlords #SPONSORED
Major Brazilian firm XP Investimentos reportedly looking to enter crypto exchange arena. #NEWS
(Garrison) At tax time in the US, as Gaurav Sangwani of Indias Financial Express reports, many American cryptocurrency users werent interested in discussing that aspect of their lives with the Internal Revenue Service. In an early April TeamBlind survey of 2,600 people who earned money from crypto, 46% said they wouldnt be reporting those earnings to Uncle Sam. Meanwhile, per Investopedias Nathan Reiff, fewer than 100 of Credit Karma Taxs 250,000 most recent filers had reported cryptocurrency transactions as of April 13.
Thats bad news for the IRS, but great news for America. People whose ancestors fought a revolution nearly 250 years ago on the slogan no taxation without representation are finally acquiring the weapons to fight a new revolution on a new slogan: No taxation without CONSENT.
Taxation as we know it is really nothing more than the typical mob protection racket: Nice livelihood you got there be a shame if anything happened to it. And since the birth of employer withholding during World War Two, the mobsters have mostly had it easy. They rake what they want right off the top of your paycheck and encourage you to think of any partial refund as a gift.
The racket has always had two weak points, though.
One is that its dependent on a model of employment centralized workplace, lots of employees, one employer thats increasingly giving way to a gig economy in which more and more people are becoming de facto self-employers.
The other is that its dependent on an easy access to personal information that once favored the mobsters but that has likewise been breaking down since the dawn of widely available Internet access.
Since the late 1980s, Americans have been engaged in an arms race with the federal government: Our strong encryption versus their attempts to compromise that encryption. Win some, lose some, but cryptocurrency is potentially our sides decisive super-weapon.
If you thought the perpetual whining from law enforcement about encryption was about fighting terrorism, think again. Its mostly about the money. Like other mobsters, politicians and their accomplices hate the idea of their rackets coming to an end.
Government will get much smaller and much less powerful once it has to ask nicely for a share of the wealth you produce, and justify the request, instead of just taking what it wants. That day draws closer as the percentage of people using cryptocurrency and declining to tell Unc...
Could the blockchain be used to support local communities and build a new model for basic income? Circles thinks it has an answer, starting at a tiny cafe in Berlin.
The rise of cryptocurrency and the underlying technology of the blockchain have given rise to wide-eyed visions. Developers dream of techno-utopias where, perhaps, rent-seeking companies like AirBnB and Uber and Facebook are replaced by semiautonomous corporations built on peer-to-peer, decentralized cryptographic systems. Operating in parallel to this dream are legions of currency speculators seeking fortune on the blockchain; there are now some 1,300 cryptocurrencies. Rampant, sometimes unscrupulous investors have ushered in a new currency craze, whereby valuations fluctuate by thousands of dollars, sometimes even in the same afternoon.
The suspected mastermind of Icelands big bitcoin heist reportedly escaped from prison and fled the country on a plane that was also carrying the prime minister.
Amazons latest patent aims to combine data from various sources to identify cryptocurrency users for subscribers including the taxman and cops.
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