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Tuesday, 22 May

17:16

Taiwan Eyes Blockchain Growth with New Parliamentary Alliance "IndyWatch Feed Crypto"

Lawmakers at Taiwan announced today the formation of a brand new parliamentary group aimed to help foster the nations emerging blockchain sector. The creation of the group the Taiwan parliamentary coalition for Blockchain was led by legislator Jason Hsu Yu Jen from the hopes of uniting politicians from various parties to push well defined regulatory frameworks to ease blockchain development and also to safeguard investors. An active and long time supporter of both blockchain and cryptocurrency, Hsu has on several occasions expressed his belief that the technology is vital in assisting the island remain internationally competitive. In a latest tweet, he further announced ambition to make Taiwan a crypto country and blockchain island by bring worldwide venture capital funds and crypto trades by setting up a dedicated regulatory sandbox for first coin offerings.

Lin Chih chia, Secretary General of the Government legislature arm, said at the launching ceremony which the initiative will get whole assistance from Su Chia chyuan, chairman of the Legislative residence. Regardless of what the blockchain initiative wants whether it is HR, financial assets, or a revision of present law well prioritize them for it to allow blockade industry flourish so it may be helpful in Taiwan. Lin said. Additionally, based on a video recording of the event published On Hsus Facebook feed, todays announcement also revealed the institution of the Taiwan Crypto Blockchain Self Regulatory Organization .

Seeking participation from both industry players and the academic world, the SRO sets out to mandate compliance from cryptocurrency exchanges to build a transparent, fair and trustworthy market in order to defend investors. Hsu Yu Jen picture via YouTube. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
tweet
posted
Hsu Yu-Jen
strict set of editorial policies

16:40

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4 "IndyWatch Feed Crypto"

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4

The following opinion piece on Bitcoin Cash was written by Jonald Fyookball

Weve already discussed 3 reasons why the bitcoin project was subverted: lack of education, lack of clarity, and centralized development. Today I will proffer two more: censorship and propaganda were allowed to run rampant; miners didnt understand their power and responsibility. Last Friday, Coingeek.com held a fantastic conference in Hong Kong on the topic of blockchain commerce. The conference concluded with a panel discussion featuring 3 of the most well-known thought leaders in the Bitcoin Cash community: Roger Ver, Dr. Craig Wright, and Jihan Wu. Each of them said something important that pertains to these topics.

Also read: How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 3

Bitcoin Cash Avoiding Censorship

Censorship is an obvious barrier to an educated community and is motivated by a desire to control the narrative. Thus, it goes hand-in-hand with propaganda and the active promotion of misinformation.

...

16:14

Boston Stock Exchange Partners tZero to Launch Regulated Security Token Exchange "IndyWatch Feed Crypto"

The operator of the Boston Stock Exchange has announced a partnership with Overstock subsidiary tZero to launch the worlds first regulated security token exchange. The joint venture, unveiled on Tuesday, will see tZero and Boston Stock Exchange company BOX Digital Markets develop a regulated venue that facilitates the trading of blockchain tokens that are classified

The post Boston Stock Exchange Partners tZero to Launch Regulated Security Token Exchange appeared first on CCN

15:38

Bitcoin Pizza Day 2018: Community Celebrates a Takeout Order Now Worth $82 mln "IndyWatch Feed Crypto"

Bitcoin Pizza Day 2018 - infamous Papa Johns order worth over $82mln

15:30

Taiwan Eyes Blockchain Growth with New Parliamentary Alliance "IndyWatch Feed Crypto"

Taiwanese lawmakers have announced the formation of a parliamentary group aimed to foster the nation's emerging blockchain sector.

15:17

Seoul Mayor Pledges Blockchain Boost in Re-Election Push "IndyWatch Feed Crypto"

The mayor of the South Korea capital Seoul has pledged increased support for blockchain development since he pitches for election in June. Based on a report by CoinDesk Korea on Monday, Mayor Park Won soon, who has occupied the position since 2011 and is looking for a 3rd term in office, lately announced his dedication to assisting the towns Mapo district become a centre for blockchain incubation. The report said that, now, the town government is pushing for the establishment of six major new industrial complexes to foster innovation in Seoul. Parks blockchain devotion, announced on May 20, pledges to turn one of the complexes Mapo Fintech Laboratory to a committed hub for fintech and blockchain development, which makes it the first proposal from the Seoul Metropolitan Government to encourage the nascent blockchain space.

The assured initiative, in accordance with the report, follows the mayors opinions in Apr that the town would seek to employ blockchain technology across different public services, including municipal administration subsidy administration, in bid to increase the convenience for the government and public transparency. Early last month, in an interview with CoinDesk Korea, Park additionally revealed his plan to develop the citys own cryptocurrency dubbed S Coin which could be utilized in town financed social benefits applications. The mayor also indicated at that time that Seoul can launch a dedicated fund to encourage the rise of blockchain startups. Park Won soon the image courtesy of Hankyoreh. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
report
revealed
strict set of editorial policies

15:16

He Paid How Much? CoinDesk Releases Bitcoin Pizza Day Price Tracker "IndyWatch Feed Crypto"

8 years ago today, the earliest reported trade of bitcoin to get a consumer product a set of Papa Johns pizza took place. At the total cost of 10, 000 bitcoins, it was a landmark for the adoption of cryptocurrency and one which has since been commemorated although the celebration of May 22 as Bitcoin Pizza Day. . However even the most cursory observation of Bitcoin Pizza Day is not complete with no calculation of exactly how much, in dollar terms, these 2 pizzas cost. With that, CoinDesk is today releasing a brand new widget that delivers real time calculation which you could add to any site.

As of press time, that is about $83.7 million for the 2 pies, or simply shy of $42 million apiece. But does this matter? . To understand, one ought to wind the clock back to 2010. In mid May of the year, a developer named Laszlo Hanyecz hunted to swap some of his hard earned bitcoins for supper many days afterwards, he was competent help of a fellow user of the Bitcoin Talk on-line forum, then a central hub for discussion around cryptocurrency. A deal was struck: 10, 000 BTC for 2 Papa Johns pizzas. A deal was struck: 10, 000 BTC for that time, or a fraction of a penny apiece.

Nevertheless, in time, or a fraction of a cent apiece merchandise included the time, it wasnt so much the number of bitcoins spent or the since the event was a landmark simply. Though limited to 16 pieces the transaction had taken place let alone the quiet of pizza, the era of bitcoin powered commerce had started 2 pizzas. It wasnt like bitcoins had any value back then, so the idea of trading them to get a pizza was unbelievably wasnt like bitcoins had any value back then, so the idea of trading them The New York Times, adding: no one knew it was going to become so big. .

Nonetheless, one knew it was going to get so large noteworthy bitcoin milestones. Truly, it was Hanyecz himself whod later participate in what could one day be known as Lightning Pizza Day after he used the next generation technology, now in development, to buy a pie in February. Pizza image via Shutterstock. One day be known as Lightning Pizza Day after he used the next generation technologies, now in development, to. The leader in blockchain news, CoinDesk is a media outlet which strives for the highest journalistic standards and adheres to a strict set of editorial policies.

Sources:
coindesk.com
Bitcoin Pizza Day
add to any website

The New York Times
...

15:00

Japans Largest Bank to Run Blockchain Payments Network by Early 2020 "IndyWatch Feed Crypto"

Blockchain technology is making inroads in the financial sector. Banks are experimenting with this technology for various purposes. Japans biggest bank is ready to take things to the next level. Mitsubishi UFJ Financial Group or MUFG is partnering with Akamai to handle up to 1 million transactions per second.

MUFG has a Bold Plan of Action

For several years now, banks have been experimenting with blockchain technology. After multiple trials, tests, and proofs of concept, the first real-world implementation is coming to market soon. Japans MUFG is working on this feature as of right now. Together with US-based Akamai, the bank will commence the commercialization of blockchain payments.

The new blockchain being developed will mainly focus on a high throughput. Up to 1 million transactions per second will be supported. Additionally, the platform will confirm such transfers within 2 seconds or less. Even batches of transactions will adhere to this same schedule, which will introduce a lot of exciting opportunities.

Further scaling of the MUFG blockchain network is on the agenda. In future iterations, the solution will scale to 10 million transactions per second. Compared to Bitcoins infrastructure, that is a vast and radical improvement. This ledger system is built on Akamais cloud service, known as Akamai Intelligent Platform.

Disrupting the Financial Industry

It is important to note MUFG is not looking to use a public blockchain like Bitcoins. Instead, the collaboration with Akamai focuses on a permissioned infrastructure. Only verified members can join the network which orders and confirms payments. It is not the decentralized approach per se, but it can make a big impact moving forward. MUFG President and group CEO Nobuyuki Hirano comments:

For years, the financial industry has sought to utilize blockchain to secure and hasten transaction processing, and lower associated costs, This ne...

14:54

Australian PM Turnbull Tells Government Agency to Study Blockchain "IndyWatch Feed Crypto"

Australian prime minister Malcolm Turnbull, the countrys most powerful political official, has directed the governments Digital Transformation Agency (DTA) to study potential applications of blockchain technology across government. Addressing a Senate Estimates committee on Monday night, DTA chief digital officer Peter Alexander revealed that PM Turnbull directly told the agency to explore blockchain applications after

The post Australian PM Turnbull Tells Government Agency to Study Blockchain appeared first on CCN

14:45

The Auto Industry Is Gearing Up for a Blockchain-Powered Future "IndyWatch Feed Crypto"

Automotive executives are starting to wake up to the use cases of blockchain in the industry, but there's a way to go.

14:35

Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One "IndyWatch Feed Crypto"

Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One

A new crypto teller machine is now operational in South Africas largest city, Johannesburg. The ATM, which supports several digital coins, has been installed at a supermarket in the north-western part of the citys metro area. It is the latest addition to a growing number of terminals offering automated crypto-fiat exchange services in the country and across the continent. Not all is rosy in the region, however. A crypto ban in neighboring Zimbabwe may deprive Harare of its bitcoin ATM. Nevertheless, crypto teller services are spreading in Africa.   

Also read: Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC

Multicurrency ATM Installed in a South African Supermarket

...

14:00

Asian Crypto Exchange Rivalry Heats Up as OKEx Chief Moves to Huobi "IndyWatch Feed Crypto"

According to reports Chris Lee, the former CEO of the worlds largest crypto currency exchange, OKEx, has joined arch rivals Huobi. He takes the position of vice president of global development, responsible for heading the groups global mergers and acquisitions strategy in addition to supervising international development.

High Turnover, Internal Differences

Lee will be taking the Singapore headquartered exchange towards its global expansion goals. Huobi has already made moves towards a base in London following departure from a restrictive environment in China. The company made the official announcement on Monday which was confirmed by Lee on his twitter account;

Citing internal differences and a notable turnover in executives, Lee had been with OKExs parent company OKCoin since 2015;

For my former employer, I have done all I could The first generation of OKCoins international and management teams have left. How many of the second generation are still there? And how many CTOs have left in the last three to four years?

When co-founder Xu Mingxing stepped down from the CEO position in February, Lee took on the role but soon realized it was not for him;

Xu is a tech guy who lacks communication skills, a problem many geniuses have to face. He heads the team alone and is not used to handing over some work to and trusting others. He works really hard, but is not easy to get along with. But Im only responsible for OKExs overseas business and Im an idealist.

...

14:00

He Paid How Much?! CoinDesk Releases 'Bitcoin Pizza Day' Price Tracker "IndyWatch Feed Crypto"

How much did developer Laszlo Hanyecz pay in the first-ever retail bitcoin transaction? With CoinDesk's new tool, you never have to guess.

13:40

Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics "IndyWatch Feed Crypto"

Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global Politics

Before all the Lambo memes, shady no-product ICOs, and get-rich-quick schemes invaded the scene, Bitcoin was meant to disrupt the current economic system. Todays edition of Bitcoin in Brief showcases how that promise is starting to materialize in different fields, including the future of elections and geopolitics.

Also Read: Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture

Iran and Russia Consider Bitcoin to Skirt Sanctions

Bitcoin in Brief Tuesday: Crypto Revolution Starts Reshaping Global PoliticsIranian and Russian lawmakers are jointly examining the idea of using cryptocurrency to bypass international and American sanctions. Mohammad-Reza Pourebrahimi, who chairs the Iranian Parliamentary Commission for Economic Affairs, raised the idea during a recent meeting in Moscow with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy. He explained that the Russians sha...

13:38

Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends "IndyWatch Feed Crypto"

Over the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, dropped to $690. Main Factors Behind the Cryptocurrency Market Slump The recent correction of

The post Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends appeared first on CCN

13:31

Satoshi Nakamoto is a Female: Women in the Cryptocurrency Industry "IndyWatch Feed Crypto"

Is Satoshi Nakamoto, the mysterious, anonymous creator of Bitcoin the original cryptocurrency, actually a woman?

In 2008 Nakamoto authored a white paper describing the most famous crypto, from which all other cryptos have spawned. In a community and industry dominated by men, the statement Satoshi is a female a theory promoted by Carolyn Maloney, a New York Congresswoman, at the Women on the Block event in Brooklyn on May 13 is extremely provocative. For many of them, it is akin to suggesting that Jesus was a girl.

Ms. Maloney may have had her tongue in her cheek, but her comment highlights a serious point: are the contributions of women in the cryptocurrency world being diluted?

In a male-heavy tech industry, this is an all-too-familiar theme. Most of us believe that men invented computers and the internet, and almost everything else, in fact.

However, the reality is a little more nuanced; pioneers such as Ada Lovelace and Grace Hopper the worlds first computer programmer, and the person to coin the term debugging, respectively should play a more prominent role in the telling of the history of tech. Indeed, without the input of them and countless other women we may not have made the breakthroughs that have paved the current digital landscape.

This is a particularly tender subject at the moment, hence the need for the Women on the Block meeting, which attracted 300 people to discuss cryptos and blockchain tech. In February, Elizabeth Stark, the chief executive officer of Lightning Labs, and a blockchain whiz tweeted her frustration at being repeatedly quizzed about what it is like to be a woman in the crypto space. Stop marginalizing [sic] and write about the awesome work that women are doing, she wrote on the micro-blogging channel.

For those women trying to strive ahead in crypto, their gender should be neither trigger a funding issue nor be a point of sneering curiosity. Regardless, the facts about the underrepresentation of women in positions of privilege and power in the crypto sector as with numerous other industries cannot be sugarcoated.

An international Quartz survey of almost 400 venture-backed crypto and blockchain organisations conducted between January 2012 and January 2018 showed that just over 8 percent of the founding teams were female. That figure swells to 17.7 per cent in the wider tech industry.

The lack of acknowledgement, gender equality, and respect for women could halt the progress of cry...

13:28

Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips "IndyWatch Feed Crypto"

Bitcoins price could go to zero, but blockchain tech is alright, says exec of investment firm that manages $5.1 trln

13:16

China State TV: Token Sales Still Rampant After Central Bank Ban "IndyWatch Feed Crypto"

China Central Television, the countrys highest level authorities mouthpiece, has hit out in domestic preliminary coin offerings that it states are still uncontrolled, despite a 2017 ban. During its financial news program aired on Monday night, the state media outlet said that the ICO ban issued by the Peoples Bank of China last Sept hadnt discouraged local investors. Instead, a get rich quick attitude is driving a hurry into the cryptocurrency area. CCTV went on to blast the development of what the Chinese crypto community calls air coins a reference to token projects which arent backed by legally registered businesses asserting that the number of air coins has increased by 30 times since the ICO crackdown.

Since many businesses have moved their projects abroad after the ICO ban, many those air coins carried on fundraising in China without migration since theyre loosely arranged as a temporary group, not even a formal business entity, in accordance with the program. To be able to seem to be authentic, the report stated, a typical technique utilized by such projects is to promote their associations with notable cryptocurrency investors, like Li Xiaolai, an ancient bitcoin investor and evangelist at China. 99.99 percent of the time, I am being associate with these projects without knowing it. There is always this fear of falling among investors.

And once they cannot make judgments on their own, they have a tendency to refer to any influential person is associated with the project, Li was quoted as saying in the program. The report summarizes the most recent effort by the Chinese state media to educate the general public about what it considers cryptocurrency marketplace chaos. Additionally, it comes at a time when law enforcement agencies in China are beefing up efforts to crack down on schemes which Use symbolic sales to raise capital from the general public. As reported by CoinDesk previously, organizers of two cryptocurrency related projects in Chinas XiAn and Shenzhen have lately was arrested by city police force for alleged fundraising fraud. Building image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
said
ICO crackdown
XiAn
...

13:15

Failed Bull Breakout Leaves Bitcoin Eyeing Drop to $8K "IndyWatch Feed Crypto"

Bitcoins failed bull move on Sunday has left the doors open for the bears to make a comeback.
The inverse head-and-shoulders breakout on May 20 indicated a short-term reversal which may have seen bitcoin increase to $9,000 (target as per the measured height method).
Nevertheless, the bulls ran out of steam at a high of $8,644 yesterday and costs had fallen back to $8,240 at time of writing a fall of 2.8 percent over the last twenty four hours, according to Bitfinex.
The decrease did not come as a surprise, though, given the breakout lacked volume support, and a fall to $8,000 could currently be on the cards.
1-hour chart

As seen from the chart above, BTC dropped back beneath the inverse head-and-shoulders neckline yesterday, weakening the bulls and has generated a lower-high and lower-low pattern (bearish setup).
Assuming a failed breakout usually suggests a bigger-picture bearish reversal, in this case it means the corrective rally from the low of $7,925 has finished as well as the sell-off from the May 5 high $9,990 has declared. Therefore, prices could fall beneath the immediate aid of $8,207 (50 percent Fibonacci retracement) seen from the daily chart below.
Daily chart

A break below $8,207 (50 percent Fibonacci retracement) would reinforce the bearish setup seen from the hourly chart and would allow a fall to $8,000.
Note, though, the 5-day and 10-day moving averages are starting to curl upward, so if the price moves above $8,408 (daily high), the bulls may make a comeback.
View

BTC looks set to take out service at $8,207 and fall to $8,000 in the next twenty five hours.
A daily close (as per UTC) below $8,000 will indicate a revival of the sell-off from the May 5 large of $9,990. In this case, bitcoin could endure a deeper sell-off towards $7,500.
On the higher side, a move above $8,408 would open the doors to $8,858 (100-day moving average).
A daily close above that level would indicate a bullish trend reversal and may yield rally to $10,000.

Bitcoins and USD picture via Shutterstock

The leader in blockchain information, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
breakout
ran out of steam
l...

13:00

Monacoin Network Still Suffering From Selfless Mining Attack "IndyWatch Feed Crypto"

Cryptocurrency networks are under multiple threats on a near-constant basis One of the biggest concerns is the so-called 51% attack. During such an attack, a nefarious individual or group of users can control the network. It appears the Monacoin network has recently gone through such an attack. There is still no solution to the ongoing problem.

The Monacoin Attack Problem

A few days ago, a new topic was opened on the Monacoin subreddit. In this post, it was explained how there was an ongoing issue with the network. One of the mining pools is withholding blocks. As such, network transactions are not processed properly, which causes all kinds of trouble. With one pool controlling the network, a lot of issues can be created in quick succession.

The reason why this is taking place is due to Monacoins mining difficulty re-targeting system. There is a weakness in this system which allows the next network block to be mined very quickly. Additionally, newer blocks can be issued at a rapid pace. While that sounds positive on paper, the reality is very different. No mining entity should effectively control the Monacoin network by any means.

Additional issues include faulty confirmed payments, and double spends. This latter part is a big problem, as it effectively causes the same value to be spent twice or more. Exchanges often detect the correct number of transaction confirmations, but that doesnt mean the value is effectively being transferred. This can be exploited to achieve fake balances on trading platforms and use those to buy other currencies.

Solving the Problem Isnt Easy

There are ways to temporarily deal with these issues. Increasing the number of network confirmations to 100 or more will avoid a lot of issues. Whether or not exchanges and online services will do so, is a different matter altogether. Even so, it is a temporary countermeasure and not a solution to the actual problem.

For the ...

13:00

Seoul Mayor Pledges Blockchain Boost in Re-Election Push "IndyWatch Feed Crypto"

Seoul mayor Park Won-soon is pledging to focus on blockchain innovation as part of his campaign pitch for potential re-election this year.

12:57

Can blockchain unblock climate finance? "IndyWatch Feed Crypto"

Funders perceptions that there is too much risk in investing at the local level prevents climate finance from making a real difference. Sam Greene discusses whether new technologies can benefit local communities while delivering the confidence donors and investors need to put their money where it matters.

12:35

ICO Round-Up: Nearly 1 in 5 Offerings Accused of Fraud, Bermuda Passes Regulations, Thai SEC Holds Hearing "IndyWatch Feed Crypto"

ICO Round-Up: Nearly 1 in 5 Offerings Accused of Fraud, Bermuda Passes Regulations, Thai SEC Holds Hearing

A recent analysis of 1,450 cryptocurrency offerings published by the Wall Street Journal has claimed to have revealed rampant plagiarism, identity theft, and promises of improbable returns. In other ICO news, Bermudas parliament has passed regulations that will legitimize initial coin offerings as a means of fundraising, and Thailands SEC held a hearing regarding its upcoming ICO regulations.

Also Read: Onchain Capital Founder Bullish on BCH and ETH

Wall Street Journal Accuses 18.7% of ICOs of Fraudulent Activities

ICO Round-Up: Nearly 1 in 5 Offerings Accused of Fraud, Bermuda Passes Regulations, Thai SEC Holds HearingOf the 1,450...

12:30

Australia Plans Blockchain Prototype to Deliver Welfare Payments in 2019 "IndyWatch Feed Crypto"

The Australian governments digitization agency has revealed plans to explore the implementation of blockchain technology in delivering social security welfare payments to citizens. Speaking at a conference in Sydney last week, Digital Transformation Agency (DTA) chief executive Randall Brugeaud underlined welfare payment delivery as an early use case for its blockchain implementation effort. The DTA

The post Australia Plans Blockchain Prototype to Deliver Welfare Payments in 2019 appeared first on CCN

12:29

Virtuse Exchange to Disrupt Investment Management "IndyWatch Feed Crypto"

Financial assets are growing at an incredible rate. According to a report by McKinsey, total global financial assets were valued at $198 trillion in 2010 and by 2020, they are projected to surpass $371 trillion.

Even though exchanges have largely gone digital with most trades conducted electronically, millions of trades are still conducted on paper. Through Blockchain technology, exchanges can now become fast and more efficient.

Such is the case with Virtuse Exchange, a crypto exchange that imagines what would the world be like if financial markets let investors participate in investment opportunities worldwide, that is today, only available to banks or high net worth individuals (HNWIs).

With that in mind, the Virtuse Exchange connects crypto markets with global financial assets, commodities, government emission allowances, stock indices to eliminate the middlemen and bring a high-level of transparency to the financial sector.

In effect, the Virtuse Exchange cuts out banks, custodians, brokerage firms and exchange fees. This simple, yet very efficient process severely reduces fees that are typically passed onto general consumers and investors.

Not only does this new exchange save investors money, it also speeds up the investment process extraordinarily, making transactions instantly occur. To some, this may not seem like that much, however, it really truly is.

If you can envision, how many middlemen the financial exchange process has (banks, brokers etc.) whilst also factor in transactional time delays that can take up to 3 days with the inclusion of weekends and holidays the platform is truly out of this world.

The Virtuse Exchange Uses DACTs

The platform will feature numerous ea...

12:00

Failed Bull Breakout Leaves Bitcoin Eyeing Drop to $8K "IndyWatch Feed Crypto"

Bitcoin's failed bull breakout on Sunday has left the doors open for the bears to make a comeback.

12:00

TradingView Scores $37 Million in Developmental Funding "IndyWatch Feed Crypto"

New York developer of social networking and data analysis tools for financial markers and recent favorite for crypto analysts, TradingView, has secured millions in venture funding from Insight Venture Partners according to Techcrunch.

TradingView Takes in $37 Million in Venture Capital

The company which offers freemium software through partner websites like SeekingAlpha, Bitfinex and the Nasdaq allows users to connect and exchange trading tips and tricks for free using. TradingView developed a JavaScript-based programming language called PineScript that allows anyone to develop their own financial analysis tools.

The freemium is offered as a service model for users to try out but begins charging on a scaled basis when customers want to access more information like charts and real-time alerts. There are three payment plans beginning at $15, with a mid-tier at $30 and a high-end $60 per-month premium option.

According to TradingView co-founder and chief operations officer, Stan Bokov, the company has been making steady growth over the past seven years. While the company was never crypto focused it was an early supporter of the space and that has been a boon for them. Bokov adds that  They came for crypto. They stayed for the other stuff, speaking about users of the service.

Today TradingView brings in 75% of its revenue from its membership program and believes there is room to continue to grow with retail investors but is also looking to make a push to serve the institutional money entering the crypto market with their toolkit.

Crypto Maybe the Gateway to Broader Investment

Paul Szurek, a vice-president at Insight Venture Partners, said the investment in TradingView was building of the broad amateur investors interest in crypto trading apps like eToro which serve as gateways two the more sophisticated tool set offered by TradingView.

As those apps serve as a gateway so might crypto be an introduction for the young investor to consider a wider class of financ...

11:45

From the Internet to Crypto - How the Worlds Richest Have Sized Things Up "IndyWatch Feed Crypto"

Gates, Buffett, Zuckerberg and Bezos - what the worlds richest think of Bitcoin and blockchain

11:36

The Cryptocurrency Domain Name Block-Chain.Com Has Been Acquired for $1,000,000 "IndyWatch Feed Crypto"

One of the largest ever cryptocurrency domain name acquisitions was announced during Consensus 2018, the 4th annual blockchain technology summit sponsored by CoinDesk. A group of investors has purchased the Block-chain.com domain for $1 million (111 BTC), which makes this the third most expensive cryptocurrency domain name acquisition ever.

Prior to this transaction, the most expensive blockchain domain names sold were btc.com (sold for $1.1 million as early as 2014) and eth.com (sold for $2 million in October 2017). The buyers of the Block-chain.com domain immediately launched one of the largest portals in the blockchain and cryptocurrency industry, bringing together the functionality of all the current major industry players.

Block-Chain.com is a customized blockchain and cryptocurrency news, information and analytics platform that is rapidly rising in status to number one in the world. Now all of the necessary information will continually be at hand and readily accessible. The platform is very convenient, efficient and time-saving.

The vision of the projects investors is to build a single entry point for all crypto enthusiasts. Block-chain.com has everything a blockchain enthusiast might need in one place:

  • the current prices of all the existing coins;
  • the latest updates and news of the industry;
  • analytical materials;
  • topical ICO projects;
  • detailed information on people developing and influencing the blockchain industry;
  • transactions in popular blockchains; and
  • other useful features.

Every Block-chain.com user will be able to create a full crypto portfolio and an e-mail account on the project domain. All of the information is logically selected, interrelated, and chronologically arranged.

A principal feature of the project is that when performing various activitiescommenting and developing new content or simply visiting the siteevery customer earns inner Block-Chain.com tokens, or BC for short.

The project is not planning initial coin offering (ICO). The projects inner token was created to be spent on the Block-chain...

11:30

PR: eToro Announces Expansion Plans "IndyWatch Feed Crypto"

eToro Announces Expansion Plans

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.

Launch of a crypto exchange and wallet
Bringing crypto offering to the U.S. market

Global investment platform eToro has today announced plans to expand its cryptocurrency capabilities and subject to regulatory approvals will launch an exchange and a digital wallet. eToro will also bring its cryptocurrency offering to the United States, launching the platform to U.S. customers later this year under the leadership of the newly appointed U.S. Managing Director Guy Hirsch.

Yoni Assia, Co-founder and CEO of eToro, said: We believe that in the future all assets will become digitised. This will help to open the markets to everyone and enable them to invest in the assets they want in a simple and transparent way. Crypto is the first step on this journey and we are excited to share our plans to launch an exchange and wallet.

The announcements made today at Consensus 2018 in New York, follow the news in March that eToro had completed its Series E funding round, raising $100m USD to accelerate its global expansion and the development of blockchain technology to support the digitisation of assets. The platform enables people to invest in the assets they want to own from cryptocurrencies though to traditional assets such as commodities.

Yoni Assia, commented: An exchange and wallet are important additions to our crypto offering and we know that both have been eagerly anticipated by our customers.

eToro currently offers ten cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO and EOS) with plans to add more coins over the coming months. eToros cryptocurrency to cryptocurrency exchange will launch later this year enabling customers to trade coins.

The wallet will be launched as a phased rollout with select customers participating in beta testing to ensure that eToro provides an app which best meets its customers needs. The wallet app will be available to dow...

11:24

US: CFTC Seeks to Provide Regulatory Clarity for Listing Virtual Currency Derivatives "IndyWatch Feed Crypto"

U.S. CFTC releases staff advisory highlighting key areas for listing virtual currency derivatives

11:18

The UKs Cryptoassets Taskforce Agrees on Key Objectives in First Meeting "IndyWatch Feed Crypto"

The British governments newly-established cryptocurrency task force has held its first meeting ahead of assessing what, if any, regulation is required for the broad crypto and blockchain sector. The UK governments Cryptoassets Task Force comprised of Her Majestys Treasury alongside the Bank of England and the Financial Conduct Authority (the central bank and the

The post The UKs Cryptoassets Taskforce Agrees on Key Objectives in First Meeting appeared first on CCN

11:17

Bitcoin Brokerage Denies Tezos ICO Involvement in Court Filing "IndyWatch Feed Crypto"

As previously reported by CoinDesk, MacDonalds December 2017 complaint alleges that Tezos violated U.S. Securities legislation in the sale of its token. Previous lawsuits filed in relation to the ICO also included allegations of securities law violations, along with investor fraud. In its motion, Bitcoin Switzerland again distanced itself from Tezos, saying that the plaintiff could not connect the two organizations from the litigation. As such, it claims that the court doesnt have jurisdiction over Bitcoin Switzerland AG and for that reason it shouldnt be involved with the action. Bitcoin Switzerland also claims that MacDonald didnt even specify a certain Grievance against it, writing, To maintain a claim under Section 12 of the Securities Act, an applicant must allege that the defendant sold or offered a security in violation of 15 U.S.C.

, 77e to the plaintiff. . But it carries on. Plaintiff has failed to sufficiently allege: that Bitcoin Suisse offered or sold a security in connection with the Tezos ICO, which Plaintiff purchased a security from Bitcoin Switzerland in connection with the Tezos ICO. . In supporting this debate, Bitcoin Suisse says that it didnt offer or sell securities. A hearing about the submitting will likely take place till July 19, in accordance with the document. Tezos finished its first coin offering in July of last year, earning a record breaking $232 million worth of bitcoin and ether. Legislation image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
...

11:00

China State TV: Token Sales Still 'Rampant' After Central Bank Ban "IndyWatch Feed Crypto"

China's highest-level state media outlet has said token sales are still common in the country despite a 2017 ban.

11:00

Crypto Bull Explains Why Bitcoin Cash is a Must Own "IndyWatch Feed Crypto"

Hedge fund investor and crypto bull Brian Kelly was back on CNBC calling Bitcoin Cash a must own currency and then explained why.

Kelly Calls BCH a Must Own

Brian Kelly went on CNBCs Fast Money with his charts and explained to the panel why Bitcoin Cash is the currency that everyone should own today. He broke his explanation down into two parts; A) BCH has outperformed Bitcoin, Litecoin, and Ripple in the last month, and B) A new fund started by BCH miners is going to be used to build stuff on top of bitcoin cash,

Kelly, founder and CEO of BKCM, an investment firm focused on digital currencies, had his digital chart out to show BCHs 6% rally over the last month has made it a leader among the top cryptocurrencies. BCH was at a low of almost $600 in mid-April from where it increased dramatically through to early May when it topped $1,800 and has steadily lost value to where it trades today at $1,235 according to livecoinwatch.com.

For Kelly, the important aspects of BCHs performance are the overall 6% gain and the fact that it has held support over $1,000 since April 20.

The one-month performance of the coin coupled with the news that BCH miners are planning to take some of the money from their rewards and reinvest into the BCH blockchain is the news to buy according to Kelly who told the panel on Fast Money,

Thats how blockchains gain value, youre going to be getting more use cases to the extent that usefulness translates into value. That could be a positive for bitcoin cash.

Kelly concluded that a good looking chart like the one BCH has shown over the last month paired with a catalyst like the announcement of a fund to add value to the coins blockchain Thats a place I want to buy,

Bitcoin Cash has Seen its Ups and Downs This Month

Bitcoin Cash spiked and lost over the last month due to two major factors that many predicted would first create a pump and dump and then just a pump. Namely Consensus 2018 and the fact that Bitcoin Cash went through a hard...

10:48

Bitcoin Price Watch: Can BTC/USD Hold 100 SMA? "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price formed a short-term top near $8,600 and started a downside move against the US Dollar.
  • There was a break below a key bullish trend line with support at $8,370 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must hold the $8,240 support and the 100 hourly simple moving average to avoid more losses.

Bitcoin price is trading above a major support at $8,240 against the US Dollar. BTC/USD should stay above the 100 hourly SMA to trim recent losses.

Bitcoin Price Analysis

After trading towards the $8,600 level, bitcoin price faced a selling interest against the US Dollar. The BTC/USD pair formed a short-term top at $8,596 and started a downside move. The price declined and moved below the $8,400 support level. More importantly, there was a break below the 50% Fib retracement level of the last wave from the $8,139 low to $8,596 high.

It opened the doors for more losses, resulting in a break below a key bullish trend line with support at $8,350 on the hourly chart of the BTC/USD pair. The pair almost tested the 76.4% Fib retracement level of the last wave from the $8,139 low to $8,596 high. However, the price is currently holding the 100 hourly simple moving average and $8,280. On the upside, an immediate resistance is at $8,400, followed by the all-important $8,600. As long as the price is above the 100 hourly SMA, it could make an attempt to surpass the $8,400 level. On the other hand, a close below the 100 hourly SMA may perhaps push the price back towards $8,150.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price is showing a few positive signs above $8,240. However, BTC buyers must clear the $8,400 hurdle for a push towards $8,600.

Looking at the technical indicators:              ...

10:48

Can blockchain turn plastic waste into currency for the poorand save our oceans? "IndyWatch Feed Crypto"

The Plastic Bank offers a secure and transparent way to monetise ocean-bound plastic with a dual mission of protecting the environment, and banking the unbanked in some of the worlds poorest regions.

10:32

Blockchain-Driven AI Platform Vows to Solve $500 Billion Issue for the Retail Industry "IndyWatch Feed Crypto"

An established platform with global clients such as LOral, Coca-Cola, and Danone is turning to blockchain to solve a $500 bln issue for the retail industry and cut waste in homes and on store shelves #SPONSORED

10:30

Virtuse Exchange to Disrupt Investment Management "IndyWatch Feed Crypto"

Financial assets are growing at an incredible rate. According to a report by McKinsey, total global financial assets were valued at $198 trillion in 2010, and by 2020, global financial assets are projected to surpass $371 trillion.

Even though exchanges have gone mainly digital with most trades conducted electronically, millions of trades are still performed on paper. Through Blockchain technology, exchanges can now become fast and more efficient.

Such is the case with Virtuse Exchange, a crypto exchange that imagines what would the world be like if financial markets let investors participate in investment opportunities worldwide, that is today, only available to banks or high net worth individuals (HNWs).

With that in mind, the Virtuse Exchange connects crypto markets with global financial assets, commodities, government emission allowances, stock indices to eliminate the middlemen and bring a high-level of transparency to the financial sector.

In effect, the Virtuse Exchange cuts out banks, custodians, brokerage firms and exchange fees. This simple, yet very efficient process severely reduces fees that are typically passed onto general consumers and investors.

Not only does this new exchange save investors money, but it also speeds up the investment process extraordinarily, making transactions instantly occur. To some, this may not seem like that much; however, it indeed is.

If you can envision, how many middlemen the financial exchange process has (banks, brokers, etc.) while also factor in transactional time delays that can take up to 3 days with the inclusion of weekends and holidays the platform is indeed out of this world.

The Virtuse Exchange Uses DACTs

The platf...

10:05

Chinese Watchdog Identifies 421 Cryptocurrencies as Outright Scams "IndyWatch Feed Crypto"

Of late, the digital assets space has without a doubt drawn extensive media coverage, with reports, for the most part, focused on two factors: the price rise of cryptocurrencies, and the scams involving cryptocurrencies. Notwithstanding, investors are fleeced to the tune of millions with the bait of high returns, or a fraudulent pyramid scheme camouflaged

The post Chinese Watchdog Identifies 421 Cryptocurrencies as Outright Scams appeared first on CCN

10:00

Ethereum Classic Price Analysis: ETC/USD Could Decline Further "IndyWatch Feed Crypto"

Key Highlights

  • Ethereum classic price topped near $18.54 and declined below the $17.60 support against the US dollar.
  • There is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair may continue to decline and it could retest the $16.80 and $16.60 support levels.

Ethereum classic price is currently under pressure against the US Dollar and Bitcoin. ETC/USD may decline further towards the last swing low of $16.60.

Ethereum Classic Price Decline

Recently, there was a nice upside move above $18.00 in ETC price against the US dollar. The ETC/USD pair traded towards $18.50-60 where sellers emerged. As a result, the price started a downside move and declined below the $18.00 and $17.80 support levels. More importantly, the price traded below a crucial support level at $17.45, which prevented declines on many occasions.

The price traded close to the $17.00 level and a low was formed at $17.06. At the moment, the price is consolidating losses and it may test the 23.6% Fib retracement level of the last decline from the $18.54 high to $17.06 low. Any further gains could be limited by the $17.45-50 zone, which was a support earlier. Moreover, there is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair. The trend line resistance is also close to the 38.2% Fib retracement level of the last decline from the $18.54 high to $17.06 low.

Ethereum Classic Price Analysis ETC USD

The chart suggests that the price may correct a few points, but it wont be easy for buyers to break the $17.5-60 resistance. On the downside, the price may test the $16.80 support, followed by the next major support at $16.60.

Hourly MACD The MACD for ETC/USD...

10:00

Bitcoin Brokerage Denies Tezos ICO Involvement in Court Filing "IndyWatch Feed Crypto"

Bitcoin Suisse AG, a cryptocurrency brokerage listed as a defendant in a lawsuit against Tezos, has filed a motion to dismiss the case against it.

09:39

Japans Biggest Bank to Carry Large-Scale Trial of Cryptocurrency MUFG Coin "IndyWatch Feed Crypto"

The banking arm of the Mitsubishi UFJ Financial Groups (MUFG), the Bank of Tokyo-Mitsubishi UFJ, is reportedly planning to trial its in-house cryptocurrency in 2019 following years of development. As Japans largest bank, MUFG could become the worlds first major financial institution to deploy its own cryptocurrency after a local report by Japanese publication NHK

The post Japans Biggest Bank to Carry Large-Scale Trial of Cryptocurrency MUFG Coin appeared first on CCN

09:30

Mining Company Seeks $2 Billion in Largest Ever Bitcoin IPO "IndyWatch Feed Crypto"

Canaan Inc. has announced it will launch an IPO in July with the goal to raise $2 billion in funds in what would be the largest Bitcoin-related IPO to date.

Canaan to Launch Biggest Bitcoin IPO Ever

Bejing based Canaan inc., the worlds second largest Bitcoin mining hardware supplier increased its overall profits seven times in 2017 during the soaring Bitcoin price craze selling its products under the AvalonMiner brand. Since those halcyon days, the profitability of mining Bitcoin has steadily declined. Today Bitcoin is worth less than half of what it was in December 2017 and mining them is 60% less profitable.

This begs the question, why is this Bitcoin mining rig maker launching an IPO with a $2 billion goal when the profits of and demands for its products are in little demand? According to inside sources who spoke to Reuters about the move Canaan will present itself as a chip designer which focuses on artificial intelligence and blockchain technology development instead of a Bitcoin mining company.

Their customers happen to be bitcoin miners. But they are a chip company, not a bitcoin company, Said one of the unnamed sources Reuters spoke to.

Canaan produces what are known as ASIC chips designed for the singular purpose of mining Bitcoin. Its customers have historically been large-scale mining operations incorporating thousands of machines working twenty-four hours a day.

Ironically increasing competition since the development of ASIC mining rigs has hit the profit margins of mining outfits hard. Experts estimate that mining revenue in 2018 is just 37% of what it was in 2017. This downshift in mining profits led the worlds largest manufacturer of chips, Taiwan Semiconductor Manufacturing Corporation (TSMC), to cut its full-year sales target, citing uncertainty in the cryptocurrency market as its reason.

In a Mining Boom Sell Shovels

These same factors could be the reasons investors will buy into an IPO by Canaan, as the old adage goes the best way to make money in a gold rush is to sell shovels. A sentiment iterated by Jehan Chu, managing partner at Kenetic Capital, a Hong Kong-based blockchain and crypt...

09:16

Ohio Could Become Next US State to Legally Recognize Blockchain Data "IndyWatch Feed Crypto"

Ohio might become the most recent U.S. State to legally recognize smart contracts and records stored on a blockchain, based on a newly proposed law. Senate Bill 300, introduced by Senator Matt Dolan, amends sections of the Uniform Electronic Transactions Act to include blockchain records and smart contracts as electronic records. Further, the bill allows for smart contracts to be legally enforceable like any other contract can be. If passed, the bill would add a language stating that blockchain technology may be utilized to store electronic info and provide ownership rights. It is expressly stated: "Despite any other law, an individual that, in or affecting interstate or foreign commerce, uses blockchain technology to ensure info that the individual own or has the right to use retains the same rights of ownership or use with respect to that info as before the person secured the info using blockchain technology.

The proposed bill went on to say: This division doesnt apply to the use of blockchain technology to ensure info in connection with a transaction at the degree that the terms of the transaction expressly provide for the transfer of rights of ownership or use with respect to that information.. Maybe more notably, the bill amends language in another section on electronic contracts to include that smart contracts might exist in commerce.. It goes a step forward, however: while the existing legislation already states that the contract might not be denied legal effect or enforceability only because the electronic record was utilized in its formation, S.B.

300 adds or since the contract contains a smart contracts term, making it clear that smart contracts can be used for legal documents. If signed into law, Ohio would join Arizona, and perhaps California, Florida and Tennessee, among other states, in recognizing both blockchain transactions and smart contracts for electronic records. Ohio flags picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Senate Bill 300
Arizona
California
Florida
Tennessee...

09:00

SaTT Project Offers Smart Contracts, Oracles For Digital Ads "IndyWatch Feed Crypto"

A new Smart Advertising Transaction Token project (SaTT), developed by the US-based company ATAYEN, leverages the blockchain platform to make the digital advertising market more transparent and efficient. The projects team plans to present its smart contract within the platform, which will allow advertisers to choose publishers, set up conditions for advertising campaigns and track its performance with the help of third-party analytical tools. At the same time, the SaTT smart contract suggests automatic payment to the publisher once all the conditions are fulfilled.

Atayen is founded by the Gauthier Brothers and Stephanie Clement and has developed IFrame apps suite for the enterprises to extend pages in social network services and websites, and resulted in having more than 4 mln businesses around the globe.

The company is now targeting major issues of digital advertising industry with the new blockchain-based solution for more efficient interaction between affiliates, advertisers, and publishers. This product is constructed on the Ethereum network, utilizes its own SaTT token that is required to gain access to the platform and to use its functionality.

The SaTT creators say one of the main advantages of the Ethereum blockchain is the usage of smart contract technology for transactions within a platform. Using the SaTT smart contracts, advertisers will be available to choose relevant publishers for their purposes by defining criteria for partner participation in a digital campaign. This can depend on the scope of their broadcast network, topics addressed or any other characteristics.

Oracles for advertisers

Furthermore, oracles will give a possibility to evaluate exact results of an advertising campaign for the advertisers and the reward to be paid to the publishers by a smart contract. Oracles are platform apps, based on existing major audience and traffic analysis tools such as Google Analytics and Facebook Analytics. Using its API, ATAYEN and other developers will implement oracles in the smart contract structure.

The advertiser can choose between third-party apps depending on its objective. There are different types of oracles: performance oracles, such as MailChimp, Twitter or Google Analytics. They may be used to count views, clicks, lead engagements or sales. Capacity oracles analyze partner profiles to validate if they meet the criteria set by the advertiser for the campaign. These conditions range from the reputation of the publisher on social networks to the audience segment. Typical capacity oracles are the Reech or the Klou...

08:36

Economist: bitcoin has a decent probability of going to zero "IndyWatch Feed Crypto"

On Monday Joe Davis, a senior economist at the Vanguard Group, posted an interesting op-ed that is sure to scare the living daylights out of bitcoin investors. In it, Davis wrote that theres a high likelihood that bitcoin, which currently sits around $8,200, is going to become worthless. Yep, as in zero dollars per coin.

On Monday Joe Davis, a senior economist at the Vanguard Group, posted an interesting op-ed that is sure to scare the living daylights out of bitcoin investors. In it, Davis wrote that theres a high likelihood that bitcoin, which currently sits around $8,200, is going to become worthless. Yep, as in zero dollars per coin. As for why, Davis says:

Read Full Story

08:30

Ripple Price Analysis: XRP/USDs Downside Break "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price declined recently after buyers failed to push it above $0.7100 against the US dollar.
  • Yesterdays highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is now trading below the $0.6800 support level and the 100 hourly simple moving average.

Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term.

Ripple Price Resistance

There was no upside break above the $0.7100 level in Ripple price against the US Dollar. The price traded as high as $0.7060 before sellers appeared and pushed the price lower. A fresh bearish wave was initiated and the price declined below the $0.7000 support. The decline was such that the price also settled below the 0.6800 support level and the 100 hourly simple moving average.

More importantly, yesterdays highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair. The pair also broke the 50% Fib retracement level of the last wave from the $0.6478 low to $0.7067 high. It has opened the doors for more losses and the price could decline further towards the $0.6600 support. An immediate support sits around the 76.4% Fib retracement level of the last wave from the $0.6478 low to $0.7067 high.

Ripple Price Analysis XRP USD

Looking at the chart, the price is currently in a bearish zone below $0.6800. Should there be an upside correction, the price could face sellers near $0.6800 and the 100 hourly SMA. On the downside, buyers can keep an eye on the $0.6600 support level. Below $0.6600, the last swing low of $0.6478 may be retested.

Looking at the technical indicators:

...

08:20

Nchain Acquires Majority Stake in BCH-Application Handcash "IndyWatch Feed Crypto"

Nchain Acquires Majority Stake in BCH-Application Handcash

On Monday the blockchain research and development firm, Nchain, announced the acquisition of a majority stake in the Bitcoin Cash-centric startup Handcash. The Handcash platform allows users to send BCH in a contactless manner using near field communication (NFC) technology.

Also read: BCH Miners Discuss Funding Development With a Fraction of Block Rewards

Nchain Acquires a Majority Stake in the BCH Platform Handcash

Nchain Acquires Majority Stake in BCH-Application HandcashThis week the firm Nchain Group announced they had closed a deal that gives the company a large stake in the Handcash platform. According to Nchain, the deal was facilitated through the companys investment arm Nchain Reaction. News.Bitcoin.com reported on Handcash this past February when the team launched its bitcoin cash beta client for Android phones. The Handcash app allows users t...

08:00

Ohio Could Become Next US State to Legally Recognize Blockchain Data "IndyWatch Feed Crypto"

A bill proposed by an Ohio Senator would let the state legally recognize blockchain records and smart contracts.

07:00

How to Mine Litecoin The Complete Beginners Guide to Litecoin Mining "IndyWatch Feed Crypto"

Watch this video to get started with your L3+ mining Litecoin or other Scrypt coins, getting paid in BTC, LTC or just about any other altcoin!   https://youtu.be/xKBWRNkp8SQ The Litecoin / Scrypt Mining Text Guide: ASIC Mining To Fork or Not to Fork: Bitcoin, Litecoin, Dash, and Sia

07:00

Ethereum Price Analysis: ETH/USD Back Below $700 "IndyWatch Feed Crypto"

Key Highlights

  • ETH price failed to extend gains above the $724 level and started a downside move against the US Dollar.
  • Yesterdays highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is now well below $700 and the 100 hourly simple moving average, which is a bearish sign.

Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD broke a key support at $708 and it may well trade below $680 in the near term.

Ethereum Price Trend

After a failure to move above the $724-725 resistance, ETH price started a downside move against the US Dollar. The price declined and moved below the $710 and $700 support levels. During the decline, it cleared the 50% Fib retracement level of the last leg from the $656 low to $724 high. It opened the doors for more losses and the price closed below the $700 support and the 100 hourly simple moving average.

More importantly, yesterdays highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD. The pair tested the 61.8% Fib retracement level of the last leg from the $656 low to $724 high. It may correct a few points in the near term towards $700. However, the broken support at $700 and the 100 hourly SMA are likely to prevent gains. If buyers succeed in surpassing the $700 hurdle, the price could retest the $724-725 resistance zone.

Ethereum Price Analysis ETH USD

Looking at the chart, the price is currently under pressure below $700. It seems like it may accelerate declines towards the next support near $677. Any further declines below $677 may well put a lot of pressure on bulls and the price might drop towards the last swing low of $656.

Hourly MACD The MACD is slowly moving in the...

07:00

Difficult to Charge Cryptocurrency Exchange UPBit Since No Investors Affected: Expert "IndyWatch Feed Crypto"

Experts in the cryptocurrency sector of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, South Koreas biggest cryptocurrency exchange, given that no investors were affected. Funds Real, No Investors Affected Last week, CCN reported that UPbit was raided and investigated by local

The post Difficult to Charge Cryptocurrency Exchange UPBit Since No Investors Affected: Expert appeared first on CCN

06:57

Asian Cryptocurrency Trading Update: Only Decred Showing a Gain "IndyWatch Feed Crypto"

FOMO Moments

It appears that were in for another week of yo-yoing on crypto markets, Monday up, Tuesday down. Momentum could not carry markets over $400 billion and theyve fallen back today in the same pattern weve seen for the past week. The buying starts in Asia and the selling starts in America and the cycle repeats. Bitcoin failed to push past $8,500 and has retreated back 2% to $8,340. All altcoins have mirrored the slide and are in the red at the moment. We have to go outside the top 25 to find a coin in the green and today it is Decred.

According to Coinmarketcap DCR is up 2% percent on the day whilst all others have fallen. Currently trading at $113 this altcoin is up marginally from $110 this time yesterday. This tiny gain is only remarkable because all others have lost ground. Over the past week DCR has made 14% from $110 this time last Tuesday. On the month it has shown even better gains of 75% from $65 this time last month. Against Bitcoin DCR is up 4.5% on the day to 1364400 satoshis from around 1300000 sats this time yesterday. Weekly gains on BTC have been better with Decred climbing just under 20% from 1140000 satoshis this time last week.

decred

Decred is an autonomous cryptocurrency driven by self-rule from the stakeholders. The blurb on its website states; Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence. There have been no announcements to drive current momentum which has left some traders on Reddit concerned about a pump and dump;

Any time one of my alts has risen this much they always have crashed back down. Every single time. I dont see much of a reason for its continued rise when the rest of the market is down.

At the moment DCR trade is happening on the obscure exchange Ooobtc, followed by Bittrex indicating that it is not a coin favored in Asia. Decred is not far off its January all-time high of $121 but volume over the past 24 hours has slowly tapered off from $14 million to $10 million. Market cap for DCR...

06:45

Operation Crypto Sweep: US and Canada Investigate 70 Cryptocurrency, ICO Scams "IndyWatch Feed Crypto"

U.S. and Canadian regulators have opened about 70 investigations into cryptocurrency scams and fraudulent initial coin offerings as part of a wide-ranging, coordinated crackdown called Operation Crypto Sweep. The North American Securities Administrators Association (NASAA) said it has sent cease-and-desist letters to operators of what they believe are sham crypto companies in more than 40

The post Operation Crypto Sweep: US and Canada Investigate 70 Cryptocurrency, ICO Scams appeared first on CCN

06:30

(Video) X22 Report -- Episode 1573a/1573b: The Economic System is Breaking Down World Wide | Q Asks Who is in Control, then Shows us "IndyWatch Feed Crypto"



Published on May 21, 2018

Devin Nunes says there might be more than one spy. Trump pushes the DOJ to investigate spying into his campaign. IG will not start the investigation. Obama' s will start to make documentaries with Netflix, they are trying to take back the narrative. Facebook is under threat of being broken up. Pompeo is pushing Iran into a new deal, he is asking for outrageous demands. EU says that it will help Iran with Financial aid, EU then denies. ISIS burns its headquarters as they are bused out of Damascus. Q drops more Intel shows who is in control. Locates the deep state operation, how they were going to communicate and how they will be going down. The deep state is panicking, watch for those who scream the loudest, they will end up hurting the most.



Published on May 21, 2018

Corporations are looking at the blockchain and they are now building platforms to support it.Paypal says they will be looking at cryptocurrencys in the future, they are waiting for it to stabilize. Square cash is now supporting bitcoin and many others are moving into this area. The switch is happening. New Zealand retails sales take a dive, we had heard this in the UK, US, Australia and Canada and throughout Europe, the system is cracking. The world is starting to feel the pressure of the economic system ripping itself apart.

06:20

Canadian Regulator Warns Investors of Five Cryptocurrency Firms "IndyWatch Feed Crypto"

Canadian Regulator Warns Investors of Five Cryptocurrency Firms

The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.

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

Warning to Investors

The Ontario Securities Commission (OSC) published an Investor Alert on Friday, warning the public of five firms that appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies, stating:

Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin O, and Baappay Inc. are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities.

Canadian Regulator Warns Investors of Five Cryptocurrency FirmsThe Commission started gathering information on several crypto trading platforms last month after it received a number of complaints about them, CBC reported, adding that to date no platform has been recognized by the OSC as an exchange or exempted from recognition. An...

06:16

A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments "IndyWatch Feed Crypto"

Argentinas Banco Masventas has revealed that starting Monday itll enable clients to send cross border payments utilizing bitcoin. A partnership with Latin America focused exchange startup Bitex, based in the year 2014, the news finds the regional lender utilizing bitcoin as a payments railroad in international transactions as an alternative to Swift. Bitex Chief Marking Officer Manuel Beaudroit told CoinDesk the startup believes that this marks the very first time an internal bank has adopted a bitcoin for cross border payments. In announcements, Jose Dakak, chief shareholder of Masventas, credited the move to a broader drive from the lender to boost its electronic, smartphone based services, as well as to decrease the banks cost of support.

Among action was to contract Bitex as a strategic partner in the execution of the Bitex platform for payments and collections operations for our customers overseas, he explained. While no real world transactions have been established yet, the lender will soon use bitcoin for real client transactions, Beaudroit explained. He told CoinDesk: The clients will ask the bank to do an international payment, and the lender utilizes Bitex as a provider. For the consumer, it is transparent, they do not touch, they do not see the bitcoin. Were a provider for them, plus they arent touching bitcoin. Argentina flag picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Bitex

strict set of editorial policies

06:08

Bitcoin Cash Price Analysis: BCH/USD Losing Momentum "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price failed to hold gains above $1,220 and declined below $1,200 against the US Dollar.
  • There is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to extend the current decline and it could test the $1,150 support level.

Bitcoin cash price is back in a bearish zone below $1,220 against the US Dollar. BCH/USD is losing momentum and it could continue to move down towards $1,150.

Bitcoin Cash Price Decline

There was a rejection noted from the $1,300 resistance zone in bitcoin cash price against the US Dollar. The price formed a short-term top near $1,315 before starting a downside move. It declined and moved below the $1,250 and $1,220 support levels. The downside move was strong as the price also closed below the $1,220 support and the 100 hourly simple moving average.

During the decline, the price broke the 61.8% Fib retracement level of the last leg from the $1,165 low to $1,315 high. The current price action suggests that a close below $1,220 and the 100 hourly SMA was crucial. At the moment, there is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair. The pair could accelerate declines below the 76.4% Fib retracement level of the last leg from the $1,165 low to $1,315 high. The next support may well be the last swing low of $1,165, followed by the all-important $1,150.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the current downside move seems to be a bearish wave with a close below $1,210. Should the price correct higher from the current levels, the $1,220 and $1,250 levels are likely to prevent upsides.

Looking at the technical indicators:

...

06:00

Initial Coin Offerings Are Setting Capital Free. That's Huge "IndyWatch Feed Crypto"

ICOs offer a more direct route for both tapping and deploying funds, for matching founders with investors. That turns out to be quite revolutionary.

05:50

Litecoin (LTC) Price Watch: Is a Triangle Breakout Underway? "IndyWatch Feed Crypto"

Litecoin Price Key Highlights

  • Litecoin has formed lower highs and found support around $131 to create a descending triangle.
  • Price got rejected on resistance and is on its way to test support.
  • Another bounce could take it back to the top, but technical indicators are giving mixed signals.

Litecoin is trading inside a descending triangle and is due to test the bottom, possibly gearing up for a breakout soon.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, support is more likely to break than to hold.

The 200 SMA also lines up with the top of the triangle to add to its strength as a ceiling. A break below support could lead to a drop of the same height as the formation, which spans $131 to $160.

RSI appears to have bottomed out and looks ready to turn higher, likely drawing buyers back in. Stochastic is also pulling up from oversold levels to signal a return in buying momentum.

LTCUSD Chart from TradingView

Market Factors

Litecoin has lagged behind most of its altcoin peers recently as there have been no positive developments on its front. Its founder Charlie Lee has been tweeting about positive updates, but traders take this with a grain of salt since he already liquidated his litecoin holdings.

Meanwhile, the dollar has been strongly supported by fundamentals on stronger rate hike hopes. Although some policymakers have expressed concerns about the slack in the labor market and tepid wage growth, US bond yields keep rising on expectations of two or three rate hikes this year.

The FOMC minutes are up for release this week and Fed rhetoric could still shape dollar price action. Hawkish remarks could lead to a breakdown for LTCUSD while c...

05:34

Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price has rallied in the past few hours but also hit resistance on its channel.
  • If this continues to keep gains in check, bitcoin could still resume the selloff to the support areas marked.
  • Using the Fib extension tool shows the potential downside targets in the short-term.

Bitcoin price might still resume its downtrend as the top of its descending channel is keeping gains in check.

Technical Indicators Signals

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

However, an upward crossover appears to be materializing and if so, bitcoin price might still be able to break past the channel top. In particular, a move past the swing high around $8,600 could confirm that buyers have the upper hand.

RSI is dipping into oversold territory to show that sellers are exhausted and may let buyers take over. Stochastic still seems to have some room to fall, so bitcoin price might follow suit.

The nearest support area is at the 38.2% extension or $8,039 level at the mid-channel area of interest. The 50% extension is at $7,855 and the 61.8% extension is at the swing low or $7,671. Stronger selling pressure could take it down to the 78.6% extension at $7,410 or the channel support. The full extension is located at $7,077.4.

BTCUSD Chart from TradingView

Market Factors

A rebound in risk-taking paved the way for some bitcoin price gains after a trade truce between the US and China was announced. This supported commodities, equities, and other riskier assets like cryptocurrencies versus the dollar.

The main event for the US dollar is the release of the FOMC minutes this week as this could clarif...

05:20

Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition "IndyWatch Feed Crypto"

Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition

Just recently news.Bitcoin.com reported on Ross Ulbricht being denied a post-conviction relief extension this past February. Since then Ulbrichts new legal team and his family continue to fight for Rosss freedom with a filed a Petition of Certiorari with the United States Supreme Court.

Also read: BCH Miners Discuss Funding Development With a Fraction of Block Rewards

The Fight to Free Ross Ulbricht Continues With a Petition of Certiorari

Ross William Ulbricht is a 33-year old American who was convicted of drug trafficking, money laundering, and computer hacking crimes tied to the Silk Road website created in 2011. Ulbricht was accused of being the creator of the Silk Road under the pseudonym Dread Pirate Roberts, and was arrested in 2013. In 2015 Ulbricht was convicted of the aforementioned charges and sentenced to life in prison. The family has been fighting for their sons freedom for years due to the fact that there were many investigation discrepancies, and government agents who were caught red-handed manipulating the case. However, last year the Second Circuit U.S. Court of Appeals upheld the decision to keep Ulbricht in jail for life.

Then this year Ulbrichts new legal team, Williams & Connolly, tried to extend a fixed three year period with a motion called Rule 33. Although, the extension was not granted, and Judge Forrest denied the motion to extend the time for a Rule 33. The latest ...

05:00

The Economic System Is Breaking Down World Wide (Video) "IndyWatch Feed Crypto"

The Economic System Is Breaking Down World Wide Video X22 Report Corporations are looking at the blockchain and they are now building platforms to support it.Paypal says they will be looking at cryptocurrencys in the future, they are waiting...

The post The Economic System Is Breaking Down World Wide (Video) appeared first on The Daily Coin.

04:30

A Bank In Argentina Is Now Using Bitcoin for Cross-Border Payments "IndyWatch Feed Crypto"

Cryptocurrency trading startup Bitex has trialed a cross-border payments system using bitcoin with an Argentinian bank.

03:49

Brian Kelly: Bitcoin Cash Could Go Up Following More Use Cases "IndyWatch Feed Crypto"

Crypto trader Brian Kelly gives BCH a bullish outlook, says that BCH fund development could aid the rise of the cryptocurrencys value

03:20

Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies "IndyWatch Feed Crypto"

Spanish Regulator Open to Approving Funds Investing Directly in Cryptocurrencies

Spains financial regulator has clarified its position on regulated investment funds investing directly in cryptocurrencies. These type of funds are legal under Law 22/2014, and investments can be made through three types of legal entities.

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

Funds Directly Investing in Cryptocurrencies

Spanish Regulator Open to Approving Funds Investing Directly in CryptocurrenciesSpains National Securities Market Commission (CNMV Comisin Nacional del Mercado de Valores) recently clarified its position on registered funds investing in cryptocurrencies directly. The CNMV is the Spanish government agency responsible for regulating the securities markets.

In a Questions and Answers document addressed to fintech companies on activities and services that can have a relationship with the Commission, one of the questions was Can a fund registered by the CNMV directly invest in cryptocurrencies? The Commission replied:

This type of funds would have a legal...

02:50

Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues "IndyWatch Feed Crypto"

The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.coms ETF Of The Year award for fulfilling its goal of providing access to disruptive technology. It won this award in

The post Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues appeared first on CCN

02:20

Roger Ver and Ryan X. Charles Reveal the Future of Cash "IndyWatch Feed Crypto"

Roger Ver and Ryan X. Charles Reveal the Future of Cash

The Four Seasons Hotel Hong Kong () in the citys financial center is this weeks spot for Roger Vers weekly video update, a project started just about a month ago. Hes joined at the five-star retreat for the episode by Ryan X. Charles, CEO of Yours.org. The two men discussed their participation in an international conference and revealed an exciting future for decentralized, censorship resistant, cash.  

Also read: Alec Baldwins Lambo Movie Backed by Crypto Tech

Ver and Charles Make an Entertaining, Informative Pair

Everybodys been excited about bcash for quite a while, Roger Ver (CEO of Bitcoin.com) smiled and giggled with joy at the delicious irony. So, its finally here everybody! A very relaxed Mr. Ver has taken to making weekly videos, highlighting his work within the bitcoin cash community. He was prompted to laughter by Yours.org co-founder and CEO Ryan X. Charles, joining Mr. Ver for a one-off video recently. Both men were in the glow of Antiguan entrepreneur and Coin Geek owner Calvin Ayres latest Hong Kong conference. Overlooking Victoria Harbour, viewers soon notice theres a third presence in the background. Turns out, the famous International Commerce Centre building in West Kowloon, all 1,587.9 feet of it, can be seen during its LED light show.

...

02:08

Bank of England Issues Working Paper on Central Bank Digital Currencies "IndyWatch Feed Crypto"

The Bank of England has issued a working paper on central bank digital currencies and their possible influence on the banking sector and the economy

02:04

Farmers are Clogging the Ethereum Network: Ethereum (ETH) Technical Analysis (May 22, 2018) "IndyWatch Feed Crypto"

From our charts, Ethereum is reversing previous losses and week over week its up one percent though chances of further upsides exceeds that of sell pressure. While I remain upbeat, we must take caution and note that May 11 Ethereum highs at $750 is a strong resistance line. Technically-and considering our analysis, it is a liquidation line and an upper limit of May 11 upper limit short covering. If there is elevation in Ethereum bull market participation and prices thrust above this resistance, then we can ramp up longs in lower time frames.

From the News

Its only three days before the much publicized Tron Virtual Machine (TVM) goes live and the Tron Foundation have their baits in Ethereum waters. Without wasting time, they are quick to act and are promising developers a wide array of benefits should they want to shift building environment and migrate to Tron.

Through a Tweet, Tron declared that they were creating this easy to use, seamless development platform where Ethereum DApp developers can easily change camps. Besides effortless migration, developers were told they shall easily secure a $100,000 loan. These loans are interest free in the first 18 months and serviced in the next 18 months either in USD or TRX when due. Furthermore, Tron guarantees a blockchain that would process 10,000 TPS unlike Ethereum which is struggling with speed especially when it peaks.

On the other side, there are still many questions that lingers when it comes to BTC-ETH relationship. One of the loudest questions we keep asking is when Flappening will happen?  Of course, we all know that most alt coins derive value not only from BTC but from ETH especially if we consider that most ERC-20 tokens ride on Ethereum and have an obligation to pay netwo...

02:02

John McAfee: Expect Top 10 Coin Prices to Blow Through the Roof! Institutional Investors are Aching to Go: Tron, EOS, Litecoin, IOTA and Stellar Price Analysis (May 22, 2018) "IndyWatch Feed Crypto"

Apart from Tron, most coins didnt register impressive gains as May 20 price action. Nonetheless, we still expect market participants to bid up the likes of Tron, IOTA, and EOS and to some degree, Stellar Lumens which has been characteristically low key. I would also recommend keeping an eye on Litecoin today. We expect price moving events for EOS and Tron in the next few days so I buying on dips would be a safe trading tragedy in my view.

Lets have a look at these charts:

EOS Analysis

Undoubtedly, EOS is an exceptional product that promises to change discourse of DApps development and narrative. We can rave about it but lets understand that while they pride on decentralization, they need expertise from knowledgeable developers to sharpen their technological edge. Thats simply inevitable.

Now, heres the thing. Not many people know the inner workings and the development aspect of EOS. As such, there is a bit of knowledge dependency, a centralization of some sort and thats what creates a catch 22 situation. To break this, Dan Larimer and Block One announced that they shall be working with Virginia Tech in a $3 million education drive meant to enlighten students on blockchain technology.

Price wise, EOS sellers are in charge reversing May 20 gains. While volumes are not that great, we are likely to see higher highs set in motion by May 18 double bar bull reversal pattern and rejection of lower prices. To reiterate, our trade plan remains constant and we shall continue buying EOS on dips at lower time frames with ideal stops below $12.

Litecoin (LTC) Analysis

Litecoin (LTC) Price Analysis

...

01:50

A Giant Grows Larger: Coinbase Has Nearly as Many Customers as Fidelity Investments "IndyWatch Feed Crypto"

As a not-so-typical startup in the Valley, Coinbase is exploding with customer growth. The exchange now manages over 20 million customer accounts, which is nearly as many as Fidelity Investments and twice as many as Charles Schwab, according to a report by the Washington Post. Also, in much the same manner that has spanned the

The post A Giant Grows Larger: Coinbase Has Nearly as Many Customers as Fidelity Investments appeared first on CCN

01:20

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets "IndyWatch Feed Crypto"

The Privacy Coin Matrix: A Comprehensive Spreadsheet of Anonymous Digital Assets

After delving into the world of cryptocurrencies one can see that good majority of digital asset proponents are big fans of privacy and anonymity. Just recently a spreadsheet document was published that lists the top privacy-centric coins and the various differences between them. The paper called Privacy Coin Matrix, allows enthusiasts to see a comprehensive list of cryptocurrency networks that focus on promoting financial privacy.

Also read: Marvel, The Simpsons Go Crypto

Introducing the Privacy Coin Matrix

A Google Docs spreadsheet has been recently published on the wide variety of cryptocurrencies that aim to bolster financial anonymity. The paper is very comprehensive and includes various details about each coins attributes strewn across a very long spreadsheet. Coins that are present in the Matrix spreadsheet include Bitcoin Core (BTC), Monero (XMR), Zcash (ZEC), Dash, Verge (XVG), PIVX, Bitcoin Private (BTCP), and more. There are a total of twenty cryptocurrencies listed, alongside some relatively unknown coins like Zoin (ZOI), and Colossus Coin (COLX). There are a bunch of privacy-centric coins missing from the list as well such as anon tokens like Boolberry (BBR), and Bitcoin Dark (BTCD).

...

01:17

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, TRON: Price Analysis, May 21 "IndyWatch Feed Crypto"

Tron is back in the game, prices are bouncing back and more in our latest price analysis

01:07

New Report Calculates Money Lost to Crypto Scams in Australia Last Year "IndyWatch Feed Crypto"

According to a report from the Australian Competition and Consumer Commission, Australians lost over $2.1 mln in crypto scams last year

00:59

The Numbers Behind Kepler Technologies "IndyWatch Feed Crypto"

After receiving incredible and record-breaking rankings on all relevant listing platforms, more and more people have become intrigued by Keplers groundbreaking ideas and visions in regards to a future shaped by a combination of Robotics, AI and the Blockchain. There is only one more day until Keplers pre-sale finally begins, lasting from May 22nd until June 5th.

Everyone will be able to participate in this exciting event (after confirming your identity through KYC), making the next two weeks your last chance to buy tokens with an astonishing 30% bonus! Kepler will be selling 4,000,000 tokens during the pre-sale, with each token being valued at $1.25, until KEP hits exchanges in July. This is your opportunity to invest in Keplers innovative and disruptive idea and to truly be a first-mover. The minimum contribution is 0.2 ETH and there is no maximum purchase amount at this stage.

Kepler not only has a truly professional and motivated team consisting of over 50 hardworking members, but also an astounding online presence. You can keep up to date with Keplers latest news by following on Twitter, Facebook, Instagram and LinkedIn as well as Telegram to never miss interesting community events, such as airdrops and other perks. Even with Keplers Telegram group now being over 21.000 strong, there are always community members waiting to have interesting discussions about the project as well as the crypto world as a whole. The team is not only trying to collect ideas that can help improve our future from a technical standpoint but also wants to encourage like-minded people to connect on a personal level starting in Keplers own community.

While Kepler works hard to continuously expand its online presence, Keplers visionary executives are traveling the world and working around the clock to share their many ideas for a different future, united by innovation and the goal of achieving greatness.  After attending numerous conferences and meet-ups, Kepler was able to spread international awareness for its project on the world stage. Through this hands-on approach, Keplers charismatic leadership was able to forge great partnerships and find substantial investments. Join them in shaping our future and dont miss out on your chance to be part of something big!

For more information visit www.keplertek.org
Whitepaper: www.keplertek.org/Whitepaper.pdf
Facebook: www.facebook.com/Keplertek/
Twitter: www.twitter.com/...

00:50

UK Forex Operator LMAX to Launch Cryptocurrency Exchange for Banks and Hedge Funds "IndyWatch Feed Crypto"

UK foreign exchange trading platform operator LMAX has announced that it will launch a cryptocurrency exchange tailored for banks, hedge funds, and other institutional investors. The London-based company made the announcement on Monday, explaining that the new platform dubbed LMAX Digital is the first physical crypto currency exchange dedicated to serving only institutional

The post UK Forex Operator LMAX to Launch Cryptocurrency Exchange for Banks and Hedge Funds appeared first on CCN

00:46

US and Canadian Securities Regulators Coordinate ICO Probe in Operation Cryptosweep "IndyWatch Feed Crypto"

US and Canadian regulators have reportedly opened the largest coordinated crypto probe into suspicious crypto investment programs

00:22

Blockchain Streaming Platform to Host Hearthstone Tournament Within Days "IndyWatch Feed Crypto"

A company is vowing to offer the next generation of streaming interactivity when it hosts a live eSports tournament in the coming days #SPONSORED

00:00

Nobel-Winning Economist Shiller: Bitcoin Could Be Another Failed Monetary Experiment "IndyWatch Feed Crypto"

The advent of the cryptocurrency market is mimicking that of some of historys most failed monetary experiments, according to Robert Shiller.

Shiller: No One Can Explain How Cryptocurrencies Work

Writing in a new blog posted today, the Yale professor and Nobel-winning economist wrote that enthusiasm for the cryptocurrency market remains strong despite warnings that it could be a scam. One must bear in mind that attempts to reinvent money have a long history, he said. Yet, while new monetary innovations create excitement to begin with, they fail to last, he added.

As an example he cited Josiah Warner, who in 1827 opened the Cincinnati Time Store that sold merchandise in units of hours of work. These relied on labour notes, which resembled paper money; however, while they were considered a sign of importance of working people, the store closed in 1830.

Undeterred by Warners failure, two years later Robert Owen attempted to create the National Equitable Labour Exchange in London. This relied on time money as a currency. Yet, similar to Warners attempts Owens experiment failed as well, Shiller pointed out.

A hundred years later, during the Great Depression, economist John Pease Norton proposed a dollar backed not by gold, but by electricity. Notably, though, this too failed to catch on.

Each of these monetary innovations has been coupled with a unique technological story, wrote Shiller. But, more fundamentally, all are connected with a deep yearning for some kind of revolution in society.

In his opinion, cryptocurrencies like bitcoin are no different, adding:

The cryptocurrencies are a statement of faith in a new community of entrepreneurial cosmopolitans who hold themselves above national governments, which are viewed as the drivers of a long train of inequality and war.

He goes on to state that similar to past failed currencies, the publics fascination with cryptocurrencies is tied to a sort of mystery.

Practically no one, outside of computer science departments, can explain how cryptocurrencies work, he said. That mystery creates an aura of exclusivity, gives th...

Monday, 21 May

23:50

Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments "IndyWatch Feed Crypto"

Last week, on May 19, former Visa UK and Ireland CEO Marc OBrien said during an interview with Business Insiders Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, OBrien, who served as the CEO of VISA UK for six years from 2008

The post Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments appeared first on CCN

23:47

Vitalik Buterin Reportedly Pursued by Google, Asked Followers for Opinion in Deleted Poll "IndyWatch Feed Crypto"

Tech giant Google reportedly tried to recruit Ethereum co-founder Vitalik Buterin, according to a tweet posted and then deleted by Buterin

23:27

Why Invest in Litecoin? "IndyWatch Feed Crypto"

Litecoin has been in the list of top-10 cryptocurrencies by market capitalisation pretty much since it began trading in the spring of 2013. Created by Charlie Lee then a Google software engineer it set out to improve upon the original crypto, Bitcoin.

By tweaking Bitcoins open-source code, Mr. Lee was able to launch Litecoin, a crypto that was much like its big brother but lighter in computational power which is why it has its name and much speedier in terms of transactions.

Mr. Lees Twitter handle is @SatoshiLite an obvious reference to Satoshi Nakamoto, the mysterious Bitcoin founder, or founders and on the micro-blogging site he expressed his concerns. Bitcoin is a great store of value, he wrote. Im fine spending ~$1 fee per transaction, but I cant stand waiting 40+ minutes for a confirmation!

He went on to be appointed the director of engineering at Coinbase, an online platform for buying, selling, and storing digital currency. In that position, he promoted Bitcoin and helped the crypto gain acceptance from a number of global organisations, such as Tesla, Wikipedia, Virgin Galactic, and a raft of others.

Mr. Lee was aware that Litecoins success in the market would be linked to Bitcoins popularity, as it is a derivative of the founding crypto. Some in the community call Bitcoin gold 2.0, which feasibly makes Litecoin digital silver. The infrastructure of Litecoin is much like Bitcoins, yet it has near-zero transaction fees, and it is considerably quicker to actually make a transaction.

It didnt take Litecoin long to achieve a market capitalisation of $1 billion, soon after it was launched in April 2013. Four years later Mr. Lee established the Litecoin Foundation. It was a clever evolution, as he hired a development team, meaning protocol changes for new functions and scalability were possible without requiring disruptive hard forks.

Litecoin is appealing to investors who are happy to hold, as it has the potential to grow in value considerably in the coming years, many analysts believe. Since it added Segregated Witness (SegWit), the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions, it has become even more attractive. Additionally, it will soon join the Lightning Network a system that allows transacting and settling, off-blockchain making it future ready in the eyes of Mr. Lee and many others.

The crypto peaked in value at $341 on December 18, 2017 according to global trading and inves...

23:20

Hebron Resident Accused of Laundering Millions From Stolen Credit Cards With Bitcoin "IndyWatch Feed Crypto"

Hebron Resident Accused of Laundering Millions From Stolen Credit Cards With Bitcoin

The Tel Aviv District Court has received today an indictment against Halmi Git, a 33-year-old from the Palestinian city of Hebron, for a wide-ranging affair involving the management of forums for the sharing and sale of stolen credit card details. His forums have allegedly involved about 1,300,000 users from around the world, leading to massive fraud.

Also Read: Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture

Stealing Even From the Moon

Hebron Resident Accused of Laundering Millions From Stolen Credit Cards With Bitcoin

According to the indictment, the defendant established the forums in 2008 and managed them until his arrest at the beginning of the month. The entrance to the forums was free of charge, but users could purchase a VIP status to receive stolen details of fresh credit cards, which are more likely to be still wo...

23:11

22:50

Japanese Cryptocurrency Monacoin Hit by Selfish Mining Attack "IndyWatch Feed Crypto"

Between May 13th and 15th, Monacoin, a cryptocurrency developed in Japan, appears to have suffered from a network attack that caused roughly $90,000 in damages. The attack appears to have been a selfish mining attack, where one miner successfully mines a block on the blockchain but does not broadcast the new block to other miners.

The post Japanese Cryptocurrency Monacoin Hit by Selfish Mining Attack appeared first on CCN

22:12

Germanys BaFin Visits National Bank of Georgia to Discuss Crypto Regulations "IndyWatch Feed Crypto"

German financial supervisor BaFin visited Georgian financial authorities to share experience of crypto regulation

22:03

Venezuelas Petro Saga Set to Continue as Maduro Is Re-Elected in Controversial Election "IndyWatch Feed Crypto"

Venezuelan president Nicols Maduro has been re-elected this Sunday, which means hes staying in power for another six years. The electoral process was embroiled in controversy, as his mains rivals claim it was filled with irregularities. Maduros new term presumably means the countrys oil-backed cryptocurrency, the Petro, will keep on growing. According to Reuters, the

The post Venezuelas Petro Saga Set to Continue as Maduro Is Re-Elected in Controversial Election appeared first on CCN

22:00

Volatility: The Necessary Evil Of Cryptocurrency And How To Handle It "IndyWatch Feed Crypto"

While cryptos famed volatility can be terrifying for investors, it is something that needs to be weathered

22:00

US and Canadian Securities Regulators Unite for Operation Cryptosweep "IndyWatch Feed Crypto"

Operation Cryptosweep was announced earlier today. The goal of the coordinated effort from numerous North American securities regulators is to clean up scams and fraudulent offerings from the cryptocurrency space.

Regulators Share Resources to Crackdown on Scam ICOs

The joint crackdown that will go by the name of Cryptosweep will see over 40 U.S. and Canadian regulators united with the common goal of ridding the cryptocurrency industry of fraudulent initial coin offerings (ICOs) and cryptocurrency investment opportunities.

The president of the North American Securities Administrators Association (NASAA), Joe Borg, told Forbes that there had been over 60 investigations and a further 35 enforcement actions made this month alone. He went on to address the formation of the joint initiative:

The persistent exploitation of the crypto ecosystem by fraudsters is a significant threat to Main Street investors in the United States and Canada.

Borg then continued to state that Operation Cryptosweep had been inspired by his own organisations crackdown against fraudulent web stock offerings. The NASAA were influential in fighting back against scammers who were keen to take advantage of novice investors during the dot.com bubble.

Finally, Borg highlighted the importance of regulators sharing resources to successfully overcome the issue of fraudulent ICOs and crypto investment products. He also mentioned that theyd be working with the likes of the U.S. Commodity Futures Trading Commission (CFTC), along with the U.S. Securities and Exchange Commission (SEC). The NASAA president said:

We all have limited resources. You are going to see a lot more collaboration.

Already in 2018, there have been some rather high profile examples of ICOs coming under scrutiny for suspected fraud. One of the largest cases involved Centra Tech, a company that was being heavily promoted by heavyweight boxer Floyd Mayweather. These are the kind of ICOs and investment opportunities that Cryptosweep is said to be targeting.

Many in the cryptocurrency space feel that such an...

21:20

Onchain Capital Founder Bullish on BCH and ETH "IndyWatch Feed Crypto"

Onchain Capital Founder Bullish on BCH and ETH

The founder of Onchain Capital, and host of CNBC Africas Crypto Trader show, Ran Neu-Ner, recently discussed his outlook for cryptocurrency regulation, initial coin offering (ICOs), and shared his outlook for several top cryptocurrencies markets. Mr. Neu-Ner described Bitcoin Cash and Ethereum as markets that he intends to HODL, adding that right now, he is passing on BTC in favor of more exciting virtual currency markets.

Also Read: Blockchair Feed Reveals Messages Encoded in the BCH, BTC and ETH Blockchains

Onchain Capital Founder Warns That Lack of Regulations May Stifle Entire Cryptocurrency Industry

Onchain Capital Founder Bullish on BCH and ETHIn an interview with CNBCFast Money, Mr. Neu-Ner described the United States Securities and Exchange Commission (SEC) as having taken an appropriate position in cautiously monitoring the cryptocurrency markets up until now, however, warned that a fa...

21:16

Thai SEC Holds Focus Group to Clarify New Crypto, ICO Regulations "IndyWatch Feed Crypto"

Thai SEC details rules for running ICOs in a focus group today

21:00

Walmart Files Patent for Blockchain-Based Customer Marketplace "IndyWatch Feed Crypto"

Walmarts latest patent proposes a blockchain-based marketplace that lets customers resell Walmart products once theyre no longer needed

21:00

How Will Bitcoin Solve Its Energy Consumption Problem? "IndyWatch Feed Crypto"

If Bitcoin were a country, it would be the 40th largest consumer of electricity in the world. A new research paper has highlighted the growing problem as major cryptocurrencies seek to solve it.

Bitcoins Energy Crisis Explored

According to the figures, the amount of energy used for each transaction could run a dishwasher for a year.

Alex de Vries wrote: With the Bitcoin network processing just 200,000 transactions per day, this means that the average electricity consumed per transaction equals at least 300 kWh, and could exceed 900 kWh per transaction by the end of 2018. This doesnt mean that Bitcoin transactions couldnt be processed without high amounts of energy, its just that there are a lot of miners. Currently, miners earn about $100 per transaction.

Digiconomist estimates the consumption of electricity by Bitcoin Miners in its Bitcoin Energy Consumption Index (BEXI). According to its data, Bitcoin uses 67.91 TWh annually which is just greater than Chile, ranked 40th in the world at 66 TWh. They estimate that the amount of electricity used per transaction is higher at 929 kWh which would be the equivalent of running three dishwashers for a year. The main issue is that the figures are rising at a much steeper rate and have been since September 2017.

BEXI has to work backwards to calculate the energy used. It starts with how much money the miners are making and works out how much they probably spend on electricity. Then they consider the price of electricity and estimate how much is used. It does rely on several assumptions but it would be much harder to contact all Bitcoin miners and ask how much electricity they use.

Will the Lightning Network Help?

The Lightning Network will take Bitcoin transactions off-chain by setting up channels between users. Transactions between them will occur and only b...

20:57

Drug Dealing and Shrimp Breeding: 4chan DApp Games Invade Ethereum Blockchain "IndyWatch Feed Crypto"

4chan users have created DApps on the Ethereum blockchain accounting for tens of thousands of transactions in the last few days as users sell virtual cocaine and breed shrimp eggs to sell on the blockchain. The game Ether Cartel, listed as number one on the new category list on DappRadar, saw a volume of over 33

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20:30

With Bitcoin, Are Gold & Silver Obsolete? | Philip Kennedy (Video) "IndyWatch Feed Crypto"

With Bitcoin, Are Gold & Silver Obsolete? | Philip Kennedy Video Silver Doctors With Bitcoin emerging as a contra-asset, are gold and silver obsolete? Philip Kennedy from Kennedy Financial tells Silver Doctors it would be hubris to say the...

The post With Bitcoin, Are Gold & Silver Obsolete? | Philip Kennedy (Video) appeared first on The Daily Coin.

20:18

Australians Lost Over $2 Million to Crypto Scams Last Year "IndyWatch Feed Crypto"

Australian consumers lost more than $2.one Million to cryptocratic frauds in 2017, the nations Competition and Consumer Commission says. The Commission declared the findings Monday in an annual report, also observing that the increase in crypto related scams corresponded with a rise in coin prices until 2017. Of the more than $2 million lost in 2017, scams cost consumers about $100, 000 per month between January and Sept, the report stated. Nevertheless, In December when bitcoins cost gone through the roof to almost $20, 000 consumers reported losses exceeding $700, 000, the Commission explained. The report indicated that fake ICOs, crypto related pyramid schemes and ransomware obligations were common means of swindling customers.

The Commission stated it expects crypto related fraud to continue, noting, as with some other scams, this is likely the very first tip of the iceberg. The report highlights one example of an epidemic of scams that spans the globe. As previously reported by CoinDesk, only seven prominent scams, hacks and attacks in 2017 resulted in the reduction of around $490 million of consumer capital. Likewise the Wall Street Journal lately reported the 1, 450 ICOs it reviewed, 271 had red flags which include plagiarized investor documents, guarantees of guaranteed returns and fake or missing executive teams. With that being said, the report noted, the Australians generally lost over $340 million in scams overall, with $64 million being lost to investment scams especially last year. Business miniatures picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
annual report
CoinDesk
reported
Business miniatures
strict set of editorial policies

20:16

Walmart Looks to Blockchain for Retail Product Resales "IndyWatch Feed Crypto"

A brand new patent application from a retail giant Wal-Mart shows how blockchain may be utilized to augment its digital offerings for customers. The document issued last Thursday by the U.S. Patent and Trademark Office, summarizes a blockchain ledger that would monitor the items that shops sell to a certain customer. It is the most recent example of an IP play by Wal-Mart, that has registered a number of related software and has also piloted the technology for tracking food items. The proposed system could permit a client to register the item after it is purchased for the first time.

The consumer would then be capable to choose a price for resale, with the system itself acting essentially as a digital market, in accordance with the application. Perhaps just as notable is the application seems to work in detail from another use case dispersed delivery tracking which was summarized in a past patent. Walmarts latest application clarifies how a dispersed delivery record blockchain will be upgraded as products move from the vendor into the courier to the purchaser, with new transactions representing each step. The business wrote: By one strategy, the transfer from the seller to the courier might need signatures from both the sender and the courier with their individual private keys.

The new transaction might be broadcasted and confirmed by the sender, the courier, the purchaser, or other nodes on the system before being added to the dispersed delivery document blockchain. When the bundle is moved from the courier to the purchaser, the courier can use the couriers private secret to authorize the transfer of the electronic asset representing the physical asset from the courier to the purchaser and upgrade the delivery document with the new transaction. The idea of Walmart really pursuing such a use case isnt that far fetched last Sept, the merchant detailed how it was testing automated delivery solutions with a limited group of clients in California. Wal-Mart image via fotomak / Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
document
delivery
past patent filing
...

20:13

The Old New Thing: ICE and the Future of Bitcoin Trading and Regulation "IndyWatch Feed Crypto"

The Old New Thing: ICE and the Future of Bitcoin Trading and Regulation

As reported earlier by The New York Times (NYT) and Bitcoin Magazine, Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), is developing an online trading platform that would allow large investors to trade bitcoin directly. As news about the ICE platform continues to develop, Bitcoin Magazine spoke with lawyers Ben Sauter and Dave McGill of Kobre & Kim, a New York City law firm which specializes in disputes and investigations, to examine the regulatory issues surrounding the launch of such a platform, including swap contracts and the implications the ICE platform might have on cryptocurrency trading in the future.

Sauter and McGill are also participating lawyers in the Digital Currency & Ledger Defense Coalition (DCLDC), a coalition of lawyers and academics whose collaborated effort focuses on understanding the regulatory and legal issues surrounding cryptocurrencies and blockchain technology to protect individual constitutional rights and civil liberties in connection with regulatory and law enforcement scrutiny.

For a large financial institution such as ICE or Goldman Sachs, figuring out how to develop a cryptocurrency trading platform is a potentially complicated analysis that begins with the question of whether or not a cryptocurrency is a security. If a cryptocurrency is deemed a security by the Howey test, there are a lot more regulatory requirements, according to McGill.

While many people agree, including Peter Van Valkenburgh, director of research at the Coin Center, that the Howey test can act as the ultimate clarifier of which cryptocurrency is a security and which is not; the distinction is also important for another reason. Ultimately, the Howey test gives guidance on which regulatory agency polices which cryptocurrency. At this point, securities fall under the U.S. Securities and Exchange Commissions (SEC) jurisdiction. Non-security cryptocurrencies or commodities until proven otherwise are in the realm of the Commodity Futures Trading Commission (CFTC). While this is obvious to anyone who can remember each agencys full name, the distinction is also important because each agency has taken a different approach to policing cryptocurrency.

The SEC has gone after...

20:06

Walmart Looks to Blockchain for Retail Product Resales "IndyWatch Feed Crypto"

A newly-released Walmart patent application outlines a digital resale marketplace placed on a blockchain.

20:00

Maltese Government Signs Partnership with Omnitude to Revamp Transport with Blockchain "IndyWatch Feed Crypto"

The government of the small European island nation of Malta has signed a partnership with Omnitude. The deal will see blockchain technology used to improve the countrys public transport network.

Malta Begin to Act Out Their Blockchain Strategy

Sticking with their earlier commitment to explore and embrace blockchain technology, the Maltese national government has today announced a partnership with enterprise blockchain platform creators Omnitude.

The Omnitude deal forms part of the islands lawmakers wider blockchain strategy. The idea is to revamp various government sectors using the much-hyped technology. In a press release reported by Medium, Maltese Transport minister Ian Borg explained:

Blockchain technology is a key part of our overall national technology strategy that will see us transform different sectors across government.

Omnitude will be tasked with the role of modernising the public transport system of Malta. They will use the enterprise level platform that theyve been developing to help improve the reliability of the islands transport infrastructure.

Malta have been keen to encourage blockchain innovators. They announced earlier this year that they are committed to the technology and have approved a blockchain strategy. This makes them one of the first national governments to welcome such a scheme.

According to many analysts, the blockchain technology that underpins cryptocurrencies such as Bitcoin will be the catalyst for the next industrial revolution. If that holds true, nations such as Malta and Switzerland who are quick to embrace the technology could well emerge as the economic powerhouses of tomorrow.

During the press conference in which the Omnitude partnership was announced, Ian Borg also stated:

We believe in Omnitudes blockchain techn...

19:51

Crypto-powered Brave Browser Hits 5 Million Downloads in Google Play Store "IndyWatch Feed Crypto"

Cryptocurrency-powered web browser Brave has now been downloaded more than five million times from the Google Play mobile app store. The ad-blocking browser, which was co-founded by Mozilla Firefox creator Brendan Eich, reached this significant milestone last Thursday, just six months after crossing the one million download threshold. This rapid growth has come on the

The post Crypto-powered Brave Browser Hits 5 Million Downloads in Google Play Store appeared first on CCN

19:30

PR: Assembling the A Team The Start of a New Era- INGOT Coin & Trade.io "IndyWatch Feed Crypto"

Assembling the A Team - The Start of a New Era- INGOT Coin & Trade.io

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.

It is no secret that everybody wants to make their own ICOs, raise funds and provide better and more efficient services. With the revolution of Blockchainit seems that we are headed towards a better, more complete and innovative future. Companies across all industries are pushing hard to be the early bird that eats the worm and achieving their legacy and create history.

So why have we not yet gained the momentum we are all waiting for. Dont you feel like we were supposed to move even faster with all this fund raising and innovative implementations. Can we truly compare this to the revolution of the internet. Masterminds are coming together, creating new projects and ways to adventure into the world of Blockchain, Cryptocurrencies & Smart Contracts, so the real question is, how do we gain the true momentum of this technology and use it to better our lives and our future.

Same Technology, Different Race

The truth is, as humans we compete to always finish first and eventually find out that all the other participants are in a totally different race. It starts with innovation and the intention to improve the industry but surely turns to a competition on who finishes the fastest, and makes the biggest buzz. What if we told you we can change that.

What if it were possible to work together, hand in hand while sharing resources and knowledge. There are a few reasons why people are unable to partner up and work together,

1.Ego. People think its a weakness to cooperate or even think they are too good and can accomplish everything by themselves.

2.Fear. Market participants are scared of comp...

19:20

LMAX Exchange Group Launches Institutional Cryptocurrency Exchange "IndyWatch Feed Crypto"

LMAX Exchange Group Launches Institutional Cryptocurrency Exchange

LMAX Exchange Group, which operates a UK Financial Conduct Authority (FCA) regulated FX trading venue, has announced today a physical cryptocurrency exchange dedicated to serving only institutional clients. The company says it developed LMAX Digital at the request of its existing clients who asked for a credible, efficient and trusted platform to trade with like-minded institutions.

Also Read: Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture

Institutional Grade Crypto

LMAX Exchange Group Launches Institutional Cryptocurrency ExchangeLMAX Digital will offer access only to the most liquid crypto assets including BTC, ETH, LTC, XRP and BCH, 24 hours a day, seven days a week. The company explains that trading is governed by similar rules and principles as LMAX Exchanges FCA regulated MTF (Multilateral Trading Facility), meaning that the excha...

19:15

Promoted: ASK.fm Tokenizes Q&A "IndyWatch Feed Crypto"

Ask.fm

ASK.fm is one of the largest question and answer social networks in the world. The companys recent announcement of the sale of its utility token (ASKT) has left many people wondering why a company that has been around since 2010 would make such a dramatic shift. Now, it has become clear that the company sees an initial coin offering (ICO) as its opportunity to take a leap into the decentralized economy. ASK.fm plans to do this by tokenizing social interactions within its network.

Currently, ASK.fm has 215 million registered users in 168 countries facilitating 600 million questions per month. Known as ASK.fm 2.0, the companys new blockchain-centric iteration will feature tokenized incentives for users. Influencers will have the opportunity to earn direct rewards for content, in this case, the responses they create. By increasing network activity through an incentivized token, ASK.fm expects to dramatically raise the level of knowledge and expertise on the network.

Once the tokens are implemented into the ecosystem, users who possess them will have the opportunity to participate in a worldwide movement to capitalize intellect.

Heres how the process will work: Any ASKT holder will be able to pose a question, bidding a certain number of tokens. Those being asked can either choose to answer or decline the question. . The accuracy of responses will be verified by independent moderators.

Each participant benefits from either asking catalytic questions or giving valuable answers. In other words, users benefit from the content they create under the ASK.fm theme, Your Answer Is Your Asset.

We are employing a robust blockchain-based Q&A platform that introduces a new cryptocurrency token, said ASK.fm 2.0s CEO, Max Tsaryk. Our intent in doing this is out of conceptual necessity, not on a whim. Blockchain [technology] enables a more democratic means of economic self-regulation driven by market laws and systems.

A Tokenized Model For Q&A

The unrelenting evolution of online social media platforms from Friendster and MySpace to Facebook and Twitter advancing to integrating tokenized incentives appears likely. In the case of ASK.fm 2.0, tokenizing social interactions is seen as a remarkably new and creative way to build on top of its original value proposition and user base.

ASK.fm currently owns two registered business entities in Ireland and Latvia , a trove of trademarks and other intellectual properties. It intends to boost its presence through tokenization while maintaining a good standing with relevan...

19:01

Australians Lost Over $2 Million to Crypto Scams Last Year "IndyWatch Feed Crypto"

A report from the Australian Competition and Consumer Commission indicates that Australians lost millions of dollars to crypto-related scams in 2017.

18:40

Iran and Russia Consider Using Cryptocurrency to Evade US Sanctions: Report "IndyWatch Feed Crypto"

Iran and Russia could turn to cryptocurrency as a solution to evade Western financial sanctions and reduce their dependence on the US dollar. Iran has been struck by a monetary crisis in recent months after its fiat currency, the rial, plunged to historic lows against the US dollar leading up to US president Trump formally

The post Iran and Russia Consider Using Cryptocurrency to Evade US Sanctions: Report appeared first on CCN

18:20

WATCH LIVE: Vin Armani Discusses Bitcoin Cash Conference, the Future of Bitcoin and Blockchain Governance "IndyWatch Feed Crypto"

By Vin Armani Watch Live at 1pm EST (10am PST). The Vin Armani Show returns from the CoinGeek bComm Conference in Hong Kong and Vin...

18:16

US, Canadian Regulators Launch Dozens of Crypto Scam Probes "IndyWatch Feed Crypto"

An international crackdown on cryptocurrency scams was launched Monday with a set of securities regulators in Canada and the United States. Dubbed Operation Cryptosweep, the effort was issued during a Monday event hosted by the North American securities managers Association. Its existence was first reported by the The Washington Post and later detailed in the releases from the Tennessee Department of Trade and Insurance and also the Texas State Securities Board. Cryptosweep, based on statements, constitutes almost 70 queries and investigation and 35 pending or completed enforcement actions since the beginning of the month. More investigations are thought to be underway, even though its uncertain when any related enforcement actions will be unveiled.

The efforts gathered in Apr When a task force comprised of NASAA members was convened to start a coordinated series of surveys on ICOs and cryptocurrency associated investment goods, the TDCI explained. A significant focus was initial coin offerings or token sales, and officials reportedly identified. A representative to the NASAA didnt instantly respond to request for comments, but others included in the operation painted an image of a wide ranging attempt to stamp out fraud. Recent samples state regulatory actions includes one which touted false endorsements from celebrities such as actress Jennifer Aniston. The actions announced today are just the tip of the iceberg, TDCI deputy commissioner Frank Borger Gilligan said in a statement.

Joseph Rotunda, the TSSB Execution Division manager, echoed that opinion, saying: The marketplace for cryptocurrency investments is fraught with widespread fraud, and our work is only revealing the tip of the iceberg. Image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Washington Post
Tennessee Department of Commerce and Insurance (TDCI)
Texas State Securities Board (TSSB)
actress Jennifer Aniston
......

18:09

Japans Largest Bank and Cloud Delivery Giant Akamai Announce Blockchain Payment Network "IndyWatch Feed Crypto"

Japanese banking giant MUFG has partnered with a major U.S. cloud delivery platform to release a blockchain-based payment network

18:04

A New Startup Has Zooko and Naval Betting on Better Crypto Contracts "IndyWatch Feed Crypto"

A group of old-school security researchers have raised funds to build a better smart contracting language.

17:45

US, Canadian Regulators Launch Dozens of Crypto Scam Probes "IndyWatch Feed Crypto"

An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators.

17:43

Decent Probability Bitcoin Price Goes to Zero: Vanguard Economist "IndyWatch Feed Crypto"

An economist at one of the worlds largest asset managers believes there is a decent probability that the bitcoin price will eventually crash to zero. Joe Davis, the chief economist for $5.1 trillion asset manager Vanguard, wrote in an ETF.com op-ed that although the firm is enthusiastic about blockchain technology in general, it does not

The post Decent Probability Bitcoin Price Goes to Zero: Vanguard Economist appeared first on CCN

17:24

Polish Finance Ministry Rolls Back Crypto Tax, Promises Smarter Regulation "IndyWatch Feed Crypto"

Polands Finance Ministry scraps its current crypto tax policy, admitting it may make traders pay an amount often exceeding the funds invested

17:16

Bitcoin Miner Maker Canaan Files for Hong Kong IPO "IndyWatch Feed Crypto"

Canaan Creative, one of the largest manufacturers of bitcoin mining processors and devices, has filed for an initial public offering with the Stock Exchange of Hong Kong. Submitted on May 15, the firms request is still in draft form and pending approval from HKEX, therefore it remains unknown at this point how much the China based company is valued at and what amount it intends to raise. But how much the China based company is valued and what company aims to raise $1 billion, which, if true and eventually effective, would make it the biggest IPO in the cryptocurrency industry.

In the mean time, the document also provides a glimpse into the firms fiscal health. Based on a financial statement included as part of the IPO filing, Canaan raised 1.3 billion yuan in revenue in 2017 only, marking 3, 000 percent year-on year expansion compared with 2016. In the same way, the company also earned in revenue in 2017 only, marking 3, 000. This isnt the very net profit of $56 million in 2017 a six fold increase over the previous year. As previously reported by CoinDesk, an attempted acquisition deal in 2016 would have seen Canaan go public on Chinas Shenzhen Stock Exchange, but the Stock Exchange finally blocked the move over doubts.

In May 2017, the Business raised 300 million yuan As previously reported by CoinDesk, an attempted acquisition deal in 2016 would have seen Canaan go public on Chinas Shenzhen Stock Exchange, but the Stock Exchange finally blocked the move over. Avalon mining processors image via Canaan. In a Series A round that saw the participation of Jin Jiang International Group, Baopu Asset Management and Tunlan Investment greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
application
report
reported
Avalon mining chips
strict set of editorial policies

17:15

Sleeping in His Car and Working Two Jobs: Man Goes All In on Crypto "IndyWatch Feed Crypto"

Sleeping in His Car and Working Two Jobs: Man Goes All In on Crypto

If you had one opportunity to seize everything you ever wanted, would you capture it or just let it slip? So convinced is one man that cryptocurrency is the future, hes given up his apartment and is living in his car while putting every spare cent towards his crypto portfolio.

Also read: Marvel, The Simpsons Go Crypto

Crypto or Bust

Last year, as bitcoin mania escalated, stories began to surface of men mortgaging their homes and going all in on crypto. But its not just homeowners that have given up everything in the pursuit of crypto glory: one man has forsaken his apartment in favor of living out of his car. Its a life choice that even the most ardent of bitcoin maximalists would deem excessive, but then crypto has a tendency to attract extremists possessed with a fervent zeal.

...

16:58

Uniting Airbnb, Uber and WeWork Under One Cryptocurrency "IndyWatch Feed Crypto"

Blockchain technology startup ShareRing aims to disrupt the sharing economy by developing a single mobile application to consolidate sharing services worldwide. The sharing economy is currently valued at over $100 billion and is predicted to grow to $335 billion or more by 2025, according to a report by Brookings.

I realized just how much waste we produce as a massive consumerist society, said Tim Bos, co-founder and CEO of ShareRing. [I] thought to myself, we can do better than this as a united global front if only we tapped into the real potential of the renting, borrowing and sharing community.

From buying and selling jewelry to storage space to cooking lessons, ShareRing intends to be the first company to provide a simple and secure way to pay for any sharing service, regardless of geographic location.

The Sharing Economy by Numbers

In recent years, major industries such as transportation, delivery, and real estate have undergone a dramatic paradigm shift due to the influence of tech companies in the sharing economy such as Uber, Lyft, and Airbnb. These companies gave the public affordable and easy-to-use alternatives to existing solutions.

According to a report by PwC on the sharing economy, 19% of adults in the United States have participated in at least one sharing-oriented transaction. Of this demographic, 83% believe that the sharing economy makes life more convenient and 86% feel that it reduces their cost of living.

The financial statistics of leading sharing economy companies are nothing short of impressive. Airbnb, for example, averages approximately 425,000 guests per night, boasting a market capitalization of $31 billion. Uber and Lyft are valued at $68 billion and $7.5 billion, respectively. For context, the combined value of these three companies outweighs the GDP of Morocco....

16:43

Tron Price Surges 11 Percent Ahead of Mainnet Launch "IndyWatch Feed Crypto"

The Tron price posted a double-digit percentage rally on Monday, as the much-hyped project moved within 10 days of its official mainnet launch. Tron Price Posts Double-Digit Rally The TRX token had entered the day trading close to $0.0685 on Bitfinex, after which it began a steady rally that quickly carried it past the $0.07

The post Tron Price Surges 11 Percent Ahead of Mainnet Launch appeared first on CCN

16:35

Bitcoin Took a Hit Last Week But These Cryptos Fared Worse "IndyWatch Feed Crypto"

Bitcoin fell to one-month lows below $8,000 last week, but the lesser-known zilliqa token topped the list of losers.

16:22

Decentralized Gaming Platform Playkey Plans to Buy Back 2,000,000 PKT for up to 2.5 Million Dollars "IndyWatch Feed Crypto"

From May 29 to June 29, the Playkey decentralized gaming platform plans to buy back PKT on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, it shouldnt exceed $1.24 per PKT. During the buyback, there will be a daily budget limit of $66,000 and a $20,000 purchase limit for a single seller.

We do that in accordance with our roadmap to keep the PKT price under the review and to increase the quality of the PKT holders giving the chance to former bounty participants to sell PKT. Whats more important, the buyback will help us to accumulate PKTs on the Playkey Foundation site i.e. get ready to the next important step in the Playkey development. In June, 2018, Playkey expects to begin accepting PKT as payment for subscriptions on Playkey.nets operational gaming platform, which is still centralized says Egor Gurjev, Playkey CEO.  The company regards, buying back tokens will provide stability during the launch of the PKT payment option. Playkey intends to use the repurchased amount of tokens to eliminate the threat of an artificial token deficit in the public sale.

Playkey.io is the concept of the blockchain-features decentralized ecosystem for gaming services that are based on Playkey, a prominent cloud gaming provider that gives a reasonably-priced opportunity for players to play top-rated games anytime and anywhere, using an obsolete laptop or MAC device connected to the Internet, without having to purchase a high-end PC or console. Today the Playkey centralized cloud gaming platform is available for Russia, CIS, Germany, and the UK.

The core participants in the new Playkey Ecosystem are gamers and miners (cloud gaming hardware providers). The Playkey idea is to create an ecosystem for cloud gaming based on P2P and blockchain technologies featuring dozens of independent owners of powerful computers worldwide  (miners) united within a community, and acting as a cloud gaming service provider. So here miners get an efficient option to utilize their computational capacities that is more efficient, more stable, and less risky than ordinary cryptocurrency mining. And gamers will be able to choose the best and the closest server for playing with minimum latency and lags. Playkey is aiming to build a large, private and professional community of miners, and become the...

15:33

$25,000 in 2018: Bitcoin Bull Tom Lee Sticks to Strong Forecast Despite Failed Prediction "IndyWatch Feed Crypto"

Widely followed cryptocurrency analyst Thomas Lees short-term market forecast may not have materialized, but hes sticking with his bullish long-term prediction despite the setback. If anything, Fundstrat Global Advisors Lee is digging in his heels even further, reportedly reiterating his forecast for a $25,000 BTC price by year-end. What Happened Lee placed a great deal of stock

The post $25,000 in 2018: Bitcoin Bull Tom Lee Sticks to Strong Forecast Despite Failed Prediction appeared first on CCN

15:30

Poland Backpedals on Irrational Crypto Tax After Strong Backlash "IndyWatch Feed Crypto"

Poland Backpedals on Irrational Crypto Tax After Strong Backlash

Authorities in Poland have realized how inapplicable their decision to tax all crypto transactions really is. A high-ranking official from the Finance Ministry said in an interview that his department accepts the irrational effect of the tax it wanted to levy on every purchase and sale of cryptocurrency, regardless of their profitability. Other reports suggest that Warsaw has no intentions to strictly follow the letter of the current tax law before it develops a comprehensive approach towards the crypto sector.

 Also read: The Government Dilemma: How To Tax Something One Pretends Does Not Exist

Temporary Abandonment of Irrational Ideas

The Polish Finance Ministry intends to issue a new regulation to temporarily abandon the tax on transactions with virtual currency. It also plans to carry out in-depth analysis and prepare system solutions to regulate this particular economic space. The move comes after an interpretation of the tax code in April prompted angry reactions from the countrys crypto community, an online petition, and even protests in Warsaw.

The Ministry of Finance has accepted the irrational effect of the PCC tax on cryptocurrencies, Deputy Finance Minister Pawe Gruza recently told Business Insider Polska. He was commenting on his departments decision to impose the Polish Civil Law Transactions Tax (PCC in Polish) on all crypto transactions. So far, the Ministry hasnt done anything about the PCC, except for...

15:17

Colorados Politicians Could Soon Accept Crypto Contributions "IndyWatch Feed Crypto"

The state of Colorado may soon allow political committees to accept contributions in cryptocurrency. The Bureau of Colorado State Secretary released a brand new working draft of its Rules Concerning Campaign and political finances on Wednesday, which especially includes a brand new section on cryptocurrency donations. The document, which upgrades the Code of Colorado Regulations, doesnt specify any particular cryptocurrencies from the rule, but does allow for market volatility also includes certain restrictions. The proposed guidance states: . A committee can take deposits in cryptocurrency, up to the acceptable limit for a cash or coin contribution. The amount of the contribution is the value of the cryptocurrency during the time of the contribution.

The committee must report any profit or loss after the contribution as other receipts or income. Further sections note the anonymous contributions have to be below $20, with contributions at or above that amount being donated to a charitable organization or the state treasurer. No maximum limit is specified in the document for contributions from identified donors, instead referring to supplementary documentation. In accordance with the Secretary of States site, this limit can vary from $200 to no prohibition, depending upon the position for which a candidate is running. Residents of Colorado can offer comments at the secretarys office on the project up 5: 00 p.m.

Local time on May 23. If approved, Colorado would become the most recent state to allow cryptocurrency donations for this purpose. The Federal Election Commission that oversees national level campaigns formerly announced itd enable bitcoin donations to political campaigns, like reported by CoinDesk. But, it is uncertain whether the 2014 advice would apply to a broader set of cryptocurrencies that exist today. Vote button image through Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
document
website
previously reported
Vote button
s...

15:00

Bitcoin Miner Maker Canaan Files for Hong Kong IPO "IndyWatch Feed Crypto"

China-based Canaan Creative, one of the largest bitcoin mining hardware makers, has filed for an IPO in Hong Kong.

14:46

Cryptocurrency Exchange Huobi Poaches CEO from Major Rival OKEx "IndyWatch Feed Crypto"

Former OKEx CEO Chris Lee has joined rival cryptocurrency exchange Huobi as its vice president of global development, just days after stating that he was leaving his former employer so that he could spend more time with his family. Huobi made the announcement on Monday, explaining in a statement that Lee would help spearhead the

The post Cryptocurrency Exchange Huobi Poaches CEO from Major Rival OKEx appeared first on CCN

14:38

OPEN Presents Innovative Protocol Blockchain for Interoperability "IndyWatch Feed Crypto"

Cryptocurrencies and blockchain, undoubtedly, will disrupt companies and entire industries in the near future. OPEN Platform has been working hard from day one to push this vision forward by creating the tools that allow any developer anywhere to accept cryptocurrencies in a plug-and-play manner. This has the potential to tap into the $400 billion of cryptocurrencies, the vast majority simply sitting in wallets. OPEN completely challenges the status quo by allowing anyone to actually spend their cryptocurrencies on goods and services.

Any developer, with a few simple lines of code, can integrate the OPEN API and implement an on-chain payment system while keeping their codebase off-chain. This allows any payment that is made on-chain to communicate with the applications backend, which is absolutely critical for applications to function correctly. Current solutions such as Bitpay fail to cater to application developers and do not really provide a developer-focused ecosystem similar to what OPEN is building.

As OPEN built and released the OPEN API for developers to begin using, the team analyzed both the on-chain and off-chain functionalities that were required. OPEN provides a powerful connection between off-chain and on-chain components; however, could OPEN develop a revolutionary on-chain feature?

The OPEN team began looking into developing a new blockchain. A new type of chain that would actually push the blockchain space forward. After an extensive research and development period, OPEN is excited to announce OPEN Chain.

OPEN Chain

OPEN Chain will allow for the improved mainstream adoption of cryptocurrencies through a high throughput blockchain focused on interoperability and scalability. This new type of blockchain with a combination of different components will allow for data transfer between chains at high volumes per second, competing effectively against existing centralized solutions. Components of OPEN include:

OPEN Chain: A high-throughput blockchain built using the OPEN Rapid Consensus mechanism

OPEN Cluster: A collection of interoperable blockchains within our ecosystem

Scaffolds: Interoperable data gateways deployed to blockchains within the OPEN Cluster that translate on-chain data into the OPEN States

OPEN State: Singular source for all on-chain data across every blockchain in the OPEN Cluster and linked to the applicati...

14:06

Roger Ver and Mate Tokay from Bitcoin.com Join a New Fintech Startup Advisory Board "IndyWatch Feed Crypto"

Roger Ver, Bitcoin.com CEO and Mate Tokay, COO, has become advisors to a fintech startup to bring new benefits to the Bitcoin Cash community #SPONSORED

14:05

Blockchain's Killer App? Making Trade Wars Obsolete "IndyWatch Feed Crypto"

A confluence of technologies is poised to dramatically reshape manufacturing and, in the process, render obsolete the international trade regime.

14:00

Kraken Donates $1 million to Coin Center, Backing Blockchain Research "IndyWatch Feed Crypto"

Cryptocurrency exchange Kraken donated $1 million to Coin Center and pledged they will match donations made up to $1 million. After slamming a fact-finding inquest into crypto-exchanges, this shows their support for research designed to help regulators.

Kraken Backs Blockchain Think Tank

Executive Director of Coin Center, Jerry Brito, made the surprise announcement at the Coin Center Annual Dinner on May 14. He announced the donation and said that Kraken will match any donations made within May up to a tune of $1 million. This shows Kraken wants to create informed regulation of the industry and comes after the SEC said it will target fraudulent ICOs.

Kraken said:

The great work that Coin Center does is extremely important and referenced by governments around the world. Theyve been ardent defenders of blockchain technology, cryptocurrency and innovation. Their work benefits the community, the industry and people who have yet to hear about Bitcoin. We are very proud to be able to support their continued effort.

Coin Center is a non-profit think tank targeted at public policy for blockchain technology. Their aim is to educate the public and the regulators in order to promote innovation and growth in the industry. They produce and publish research from academics and experts which provide governments with accurate data to base their policy decisions on.

Coin Center said:

...

13:39

China's IT Ministry: 2017 Saw Peak Investment in Domestic Blockchain Industry "IndyWatch Feed Crypto"

Chinas IT ministry has published a report showing that 2017 was a banner year for the blockchain sector, with 178 new domestic blockchain startups

13:33

Startup Teams Samourai Wallet on App to Trade Bitcoin Without the Internet "IndyWatch Feed Crypto"

GoTenna, a decentralized startup, has teamed with Samourai Wallet, a bitcoin wallet focused on privacy and security, on an app that allows users to trade bitcoin when not connected to the web. The TxTenna app marks an effort to further decentralize the bitcoin network, according to Richard Myers, a goTenna decentralized applications engineer and co-founder

The post Startup Teams Samourai Wallet on App to Trade Bitcoin Without the Internet appeared first on CCN

13:21

UK: Fiat Exchange LMAX Launches Crypto Trading to Further Legitimize Market "IndyWatch Feed Crypto"

FCA-regulated, fiat trading platform LMAX launches crypto exchange targeting institutional investors

13:19

Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture "IndyWatch Feed Crypto"

Bitcoin in Brief Monday: New EU Rules Kill Another Crypto Venture

The upcoming implementation of a major regulatory push by the European Union to control how companies can operate on the Internet has killed another venture in the cryptocurrency sphere. This story, astrology-based financial investment, and many more feature in todays edition of Bitcoin in Brief.

Also Read: Marvel, The Simpsons Go Crypto

Parity Shuts Down ICO Passport Service

Bitcoin in Brief Monday: New EU Rules Kill Another Crypto VentureThe team behind Parity Technologies, the developers of the Parity multi-signature wallet, have announced they are shutting down PICOPS, a service used by ICO campaigns to comply with KYC/AML regulations by validating that the owner of an Ethereum wallet has already passed an ID background check. The reason for the closure is a new EU dictate called the General Data Protection Regulation (GDPR), which is meant to bring a new set of digital...

13:18

Bitcoin Is Back Above $8,500 But Does the Rally Have Legs? "IndyWatch Feed Crypto"

Bitcoin (BTC) has bounced back over $8,500, but the rally is not backed by decent trading volumes, the specialized charts indicate.
The cryptocurrency closed below key technical levels on Thursday, signaling a bearish breakdown, but the sell-off suddenly ran out of steam at $7,925 a day afterwards. Subsequently, bitcoin accumulated greater than $500 over the weekend, climbing back above resistance in the 50-day moving average.
At time of writing, BTC is changing hands at around $8,530, having clocked a six-day high of $8,644 before today.
While a week pasts bearish tendency appears to have run out of steam (as seen from the charts below), the weekends low-volume rally risks trapping the bulls on the wrong side of the marketplace.
4-hour chart

The inverse head-and-shoulders breakout signifies short-term trend reversal i.e. the pullback from the high of $9,990 has finished and the breakout has opened the doors to $9,000 (target as per the measured height method.
Daily chart

The daily chart shows yesterdays candle closed (as per UTC) over Saturdays doji candle high of $8,468, signaling a bullish reversal. Further, the 5-day and 10-day moving averages have shed bearish bias (are not any longer sloping downwards).
Consequently, the likelihood that bitcoin will rally to $9,000 this week is high. Nevertheless, the bullish case significantly simplifies if we take into consideration the amounts for trading quantity.
Volume is an essential indicator, as it shows the level of interest in bitcoin. A rally endorsed by high volumes means increased reliance can be put on the bullish move. On the other hand, a low volume rally trends to turn out to be a bull trap.
In BTCs case, now, trading volume on Bitfinex carries on to decrease and much more significant remained low alongside positive price action, as seen from the chart above. Further, trading volume across all exchanges fell below $5 billion on the weekend the lowest amount since Apr 11, according to CoinMarketCap.
Therefore, the sustainability of the rally seen over the weekend is under question.
View

BTC rally lacks material (low volumes), thus the outlook is probably neutral, regardless of the inverse head-and-shoulders breakout (4-hour chart) along with the bullish doji reversal (daily chart).
A failure to hold over $8,475 (inverse head-and-shoulders neckline) would revive the bearish perspective and allow a fall to Fridays low of $7,925.
On the higher side, only a high volume move over the 100-day moving average, now seen at $8,857, could open the doors to $10,000.

Running up measures picture via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and abides by a strict set of edi...

13:16

Former OKEx Chief Joins Rival Cryptocurrency Exchange Huobi "IndyWatch Feed Crypto"

Chris Lee, the former Chief executive officer of Hong Kong based crypto exchange OKEx, has declared hes joining rival platform Huobi because its VP of international business development. According to a statement by Singapore based Huobi on Monday, Lee will head the groups international mergers and acquisitions plan and oversee global development since the exchange moves towards international expansion. Im a huge believer in blockchain technology and see exchanges as the core of the market, Lee stated in the statement. The new appointment comes only a week after Lee declared his resignation from OKEx on WeChat a departure that came after only months since the platforms CEO.

According to his statement, Lee had been with OKExs parent company OKCoin because 2015. He was appointed Chief executive officer of OKEx following his predecessor, OKCoin creator Star Xu, stepped down from the role in February. In a public opinion on WeChat, Lee indicated that OKCoin has undergone a notable turnover rate of senior executives at the past several years. He explained: For my former employer, Ive done all I could. The very first creation of OKCoins international and management teams have left.

Just how a lot of the second generation are still there? . And just the number of CTOs have left in the last 3 to four years? . . Lees resignation also comes right after OKEx faced accusations from investors that it manipulated bitcoin futures trading on the stage. As mentioned formerly by CoinDesk, OKEx rolled down futures transactions on March 30 following what it called an occasional market off, after denying allegations that it triggered forced liquidations of accounts by simply manipulating the costs . Weve not reason to, and have never and wont, manipulate the costs of some of our market, it stated at the time.

Most lately, China National Radio, a high level government mouthpiece, also aired doubts about the legality of bitcoin futures offered by OKEx. On the other hand, the stage hasnt responded to the allegation. Bitcoin miniature picture via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
rolled back
denying
aired
......

13:00

Etherscan Introduces New Features to Improve Appeal of Decentralized Exchanges "IndyWatch Feed Crypto"

The world of cryptocurrency is always evolving. Existing service providers need to introduce new features on a regular basis. Etherscan is working on some new tools which seem quite appealing. This most recent update also shows the decentralized exchange ecosystem related to Ethereum is growing rather quickly.

More Tools for Etherscan Users

Most cryptocurrency users rely on Etherscan to track ERC20 token balances and network blocks. While that is a worthwhile feature, the platform offers a lot more potential.  Its latest batch of new features illustrates that point rather perfectly. Various new tools were introduced in the past few weeks which offer a broader insight into how the ecosystem is evolving.

One of the more appealing features is the decentralized exchange order tracker. A decentralized exchange does not require users to trust funds to a third party. Nor is there any official order book, as traders are matched in a peer-to-peer manner. Various DEX exist in the cryptocurrency world these days.  Etherscan now tracks a few of them, albeit that list will continue to grow as more time progresses.

With this features, users can see which trades take place on which DEX. It is a big step forward toward making this type of exchange model a lot more...

13:00

Colorado's Politicians Could Soon Accept Crypto Contributions "IndyWatch Feed Crypto"

Colorado's Secretary of State has proposed allowing political committees to accept contributions in cryptocurrency.

12:25

750 Million: Russias Largest Bank Buys Commercial Bonds on a Blockchain "IndyWatch Feed Crypto"

The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russias first commercial bond transaction using blockchain technology. In an announcement, MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the countrys National Settlement Depository powered

The post 750 Million: Russias Largest Bank Buys Commercial Bonds on a Blockchain appeared first on CCN

12:20

Bitcoin News Summary May 21, 2018 "IndyWatch Feed Crypto"

The post Bitcoin News Summary May 21, 2018 appeared first on 99 Bitcoins.

Heres what happened this week in Bitcoin in 99 seconds.   Heres what happened this week in Bitcoin in 99 seconds. Consensus 2018 conference, held in New York, failed to trigger the anticipated Bitcoin price rally as it does each year. The turn out for the event was extremely overwhelming with almost 8500 people attending the conference. [...]

12:15

Just Resigned CEO of Worlds Largest Crypto Exchange OKEx Joins Rival Exchange Huobi "IndyWatch Feed Crypto"

In a matter of days, the outgoing CEO of the worlds largest crypto exchange OKEx has joined rival exchange Huobi

12:00

Londons LMAX Exchange Group Targets Institutional Traders With new Cryptocurrency Platform "IndyWatch Feed Crypto"

Cryptocurrency exposure is in high demand these days. Especially institutional investors are willing to take a gamble when it comes to Bitcoin and altcoins. Finding service providers granting access to these markets is still an ongoing struggle. LMAX Exchange Group is setting up the first physical cryptocurrency exchange for institutional clients.

LMAX Exchange Group Takes a Big Leap

Exposing institutional investors to cryptocurrency volatility is always a gamble. The actual demand for this degree of exposure is not the same as the general interest in such features. Both CME and CBoE found that out first hand over the past few months. After a very slow start to Bitcoin futures trading, it seems the volume is picking up a bit lately.

LMAX Exchange Group is attempting to offer a different approach. They will focus on the liquid established cryptocurrencies. This list includes Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash. Trading of these currencies will be available on a 24/7 basis through the LMAX Digital platform. This new service aims to function as a credible and efficient platform where cryptocurrencies can be traded among like-minded investors. LMAX Exchange Group CEO David Mercer explains:

We are furthering the legitimisation of the cryptocurrency market by offering institutions a platform on which to acquire, trade and hold cryptocurrencies securely with high quality, deep liquidity.

Are Institutional Investors a Worthwhile Target?

On paper, bringing cryptocurrencies to institutional investors can have major consequences. If these investors take some risks, the value of all supported cryptocurrencies can skyrocket fairly soon. Despite that appeal, it seems institutional traders have made very little impact on the industry to date.

LMAX Exchange Group is confident they...

12:00

Former OKEx Chief Joins Rival Cryptocurrency Exchange Huobi "IndyWatch Feed Crypto"

The former chief executive of Hong Kong-based crypto exchange OKEx has said he is joining rival platform Huobi just a week after his resignation.

11:30

PR: ECOMI Partners with tokidoki to Transform Characters into Digital Collectables "IndyWatch Feed Crypto"

ECOMI Partners with tokidoki to Transform Characters into Digital Collectables

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.

During Consensus Week in New York, Singapore-based blockchain technology company, ECOMI, announced its first license with tokidoki, the internationally recognized and iconic lifestyle brand that has amassed cult-like following for its larger-than-life characters.

ECOMI will bring tokidokis iconic characters into the digital world with verified ownership by creating digital tokidoki collectables in the form of a non-fungible token available on the ECOMI Collect app.

We chose tokidoki as our first brand partner because of their ambition to expand into the digital realm when it comes to collectable items, says David Yu, CEO of ECOMI.

Their very diverse global audience are already collecting tokidokis unique characters in various forms. Being able to have verifiable ownership of unique digital art on the ECOMI Collect app is going to change the way collectables are viewed, bought, and traded.

With the decentralized nature of blockchain, the ECOMI Collect app will simplify interactions with underlying technologies by bringing licensed digital collectables to a global audience while maintaining international standards of security, and intellectual property protection.

We are always looking to work with innovative companies and look forward to disrupting the collectables market with ECOMI, says Pooneh Mohajer, tokidoki Co-founder and CEO

Since the dawn of cyberspace, the nature of the Internet has made it very easy for expressions of creative works such as, but not limited to, literary, graphic, and audio-visual works, to be copied and distributed over the Internet anonymously, which has been a risk for creators.

We feel the tokidoki characters can be applied to all products and are especially excited that we will be one of the first licenses in the...

11:17

This Mosque Could Be Britains First to Accept Crypto for Alms-Giving During Ramadan "IndyWatch Feed Crypto"

Masjid Ramadan or Shacklewell Lane Mosque in London is taking a forward-thinking approach to the Islamic practice of Zakat and Sadaqah, alms-giving. Based in Dalston (Hackney), East London, Shackwell Lane Mosque is the UKs first Turkish-owned mosque, managed by the registered charity UK Turkish Islamic Trust. CCN spoke with the mosque chairman Erkin Guney, the mosques Continued

The post This Mosque Could Be Britains First to Accept Crypto for Alms-Giving During Ramadan appeared first on CCN

11:00

Back Above $8,500: Does Bitcoin's Rally Have Legs? "IndyWatch Feed Crypto"

Bitcoin has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate.

11:00

Report: Crypto Scams a Tiny Percent of Fraud in Australia "IndyWatch Feed Crypto"

Australian Competition and Consumer Commission (ACCC) has shown in a report that crypto related fraud makes up a tiny percent of scam activity in 2017.

Crypto Scams Make Up a Tiny Part

The watchdogs report entitled  Targeting scams: Report of the ACCC on scams activity 2017 researched over 200,000 scams submitted to them (the ACCC), the Australian Cyber-crime Online Reporting Network, and other state and government-based agencies in 2017 and found that Australians lost AU$2.1 million in crypto related scams out of the overall AU$340 scam economy, or 0.617%.

The report shows that about AU$100,000 was lost per month in crypto related scams with the exception being December 2017 when the price of Bitcoin was skyrocketing and its popularity went up with it resulting in a seven-fold increase. The ACCC wrote Scammers adapt each year and find ways to exploit popular trends, new platforms, new ways of communicating, fad products, changes to legislation, or new investment opportunities, according to ZDNet, adding further in the report that;

As the value of actual cryptocurrencies increased, so too did the scam losses in what people thought were real investments, the report continued. By the end of the year, reports of losses related to cryptocurrencies exceeded Au$2.1 million but as with other scams, this is likely the very tip of the iceberg.

The majority of scams with a crypto angle reported were initial coin offering (ICO) related and almost all were perpetrated on the confusion of how cryptocurrency works. Many of these being essentially pyramid schemes involving investors who were either friends or neighbors of the victims.

Investment and Romance Lead the Scam Economy

Overall the ACCC reported that Australians lost AU$340 million to scammers in 2017. Of those loses investment scams topped the categories at AU$64 million with dating and romance-related scams following behind at AU$ 42 million.  ACCC Deputy Chair Delia Rickard said;

Some scams are becoming very sophisticated and hard to spot. Scammers use modern technology like social media to contact and deceive their victims. In the past few years, reports indicate scammers are using aggressive techniques both over the phone and online,

...

10:48

Bitcoin Price Watch: BTC/USDs Bullish Scenario "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price moved higher and broke the $8,300 resistance level against the US Dollar.
  • There is a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to accelerate gains above $8,650 if it continues to follow the ascending channel.

Bitcoin price is trading with a positive bias above $8,400 against the US Dollar. BTC/USD could extend the current move above the $8.650 and $8,800 resistance levels.

Bitcoin Price Analysis (BTC/USD)

After a spike below the $8,000 level, bitcoin price found a strong buying interest against the US Dollar. The BTC/USD pair traded as low as $7,915 before starting an upside move. It gained traction and moved above the $8,000, $8,200 and $8,400 resistance levels. The upside move was positive since there was a close above the $8,400 pivot level and the 100 hourly simple moving average.

BTC buyers got in control and pushed the price above the last swing high of $8,506. It opened the doors for more gains and it seems like the price may well test the 1.236 Fib extension level of the last decline from the $8,506 high to $7,915 low. At the moment, the price is consolidating gains above the $8,400 level. There is also a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair. Should the price gain bullish momentum, it could easily break the $8,600 resistance to test the 1.618 Fib extension level of the last decline from the $8,506 high to $7,915 low at $8,870.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price remains well supported above the $8,400 level. A downside break below $8,400 may well call for a short-term reversal of the current trend.

Looking at the technical indicators:...

10:16

2017 Saw Exponential Blockchain Startup Growth, Says Chinas IT Ministry "IndyWatch Feed Crypto"

Almost 40% of all Chinese blockchain startups emerged in 2017 alone, based on a brand new technical document published by Chinas Ministry of Industry and Information Technology. Revealed by the ministrys Information Center on Monday, the blockchain business paper suggests that now China has 456 startups whose main businesses are focusing on blockchain technology development and software. Even though the number of fresh blockchain companies in 2016 had tripled compared to that in 2015, the year 2017 saw exponential growth, it states, with a total of 178 novices. In the mean time, corresponding to this tendency, comparable momentum was seen in equity funding for blockchain startups.

In accordance with the government data, now there are 249 equity funding initiatives which directly relate to blockchain startups, and almost 100 of them have started in 2017. That number marks greater than the total recorded from 2014 to 2016, the newspaper says, and especially, the industry has seen 68 equity funding initiatives for blockchain startups in the first quarter of 2018. Published as a comprehensive overview of the blockage perspective in China, the 157 page white paper marks the most recent attempt by the Chinese authorities to deliver knowledge of the nascent technology into the public, and also shed light on future growth particularly about regulatory frameworks.

While reiterating the value of maintaining the ban on first coin offerings, the ministry also argues in the newspaper that Chinas present patent law finished a decade ago might already be obsolete with regards to protecting intellectual possessions for blockchain engineering. By way of example, as explained in the paper, the patent law in China currently only seeks to safeguard those technologies use cases that may be specifically summarized by patent applicants. However, blockchain is an underlying technology which has a vast selection of application situations. Its both hard and costly to require patent applicants to record all potential and particular use cases so as to gain IP protections, the newspaper wrote, adding: If we wish to shield blockchain technology IPs, then weve to make sure adjustments to how a patent law has been practiced.

Read the complete white paper below: China IT Ministry 2018 Block-charter document from CoinDesk on Scribd. China flag picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Reveale...

10:00

Cardano Price Analysis: ADA/USD Bullish Above $0.2500 "IndyWatch Feed Crypto"

Key Highlights

  • ADA price started an upside move and traded above the $0.2500 resistance against the US Dollar (tethered).
  • There is a major bullish trend line formed with support at $0.2480 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair remains well supported for more gains above the $0.2480 and $0.2500 levels.

Cardano price is gaining bullish momentum against the US Dollar and Bitcoin. ADA/USD may continue to rise as long as it is above the $0.2480-0.2500 support zone.

Cardano Price Analysis

After a major decline, ADA price found support above the $0.2300 level against the US Dollar. A low was formed at $0.2304 before the price started an upside correction. It gained bullish momentum and moved above the $0.2400 and $0.2500 resistance levels. The price traded with a positive bias since there was a close above the $0.2400 pivot level and the 100 hourly simple moving average.

During the upside move, the price also broke a bearish trend line with resistance at $0.2450 on the hourly chart of the ADA/USD pair. Moreover, there was a clear break above the 50% Fib retracement level of the last drop from the $0.2756 high to $0.2304 low. These are positive signs and suggests that the price may continue to move higher. On the downside, there is a major bullish trend line formed with support at $0.2480 on the same chart. Additionally, the $0.2500 level is also a decent support, followed by $0.2480 and the 100 hourly SMA at $0.2450.

Cardano Price Analysis ADA USD

The chart indicates that the price has to move above the $0.2600 resistance to gain pace. Furthermore, a close above the 61.8% Fib retracement level of the last drop from the $0.2756 high to $0.2304 low will most likely push the price towards the $0.2750 swing high.

Hourly MACD The MA...

10:00

China's IT Ministry: 2017 Saw 'Exponential' Blockchain Growth "IndyWatch Feed Crypto"

Forty percent of all Chinese blockchain startups emerged in 2017 alone, according to a new report published by China's IT Ministry

09:44

Crypto Scams, Fake ICOs Cost Australians Over AU$2 Million in 2017: Consumer Watchdog "IndyWatch Feed Crypto"

In its annual report on scams, Australias national consumer watchdog has revealed that cryptocurrency-related fraud has cost Australians over AUD $2.1 million in losses last year. The Australian Competition and Consumer Commission (ACCC) has published its annual targeting scams report on Monday, revealing accumulated total losses of some AUD $340 million to scammers from 200,000 Continued

The post Crypto Scams, Fake ICOs Cost Australians Over AU$2 Million in 2017: Consumer Watchdog appeared first on CCN

09:30

Japans Coincheck Removes Monero and Three Other Privacy Coins Under FSA Ban "IndyWatch Feed Crypto"

Coincheck will delist Monero and three others cryptocurrencies deemed to grant too much anonymity to holders under orders from the Japanese FSA.

Japans FSA Bans Monero, Zcash, Dash and Augur

According to Sputnik Coincheck has confirmed rumors that they will be removing Monero (XMR), Zcash (ZEC), Dash and Augurs Reputation (REP) coin from trading on its exchange by June 18 in accordance with Japans Financial Services Agencys new policy which aims at banning cryptocurrencies that offer significant anonymity. The exchange has reported that any of the banned cryptocurrencies remaining in users wallets after June 18 will be converted to Japanese Yen at the market rate.

Coincheck has had a raucous 2018 already; being the target of the second largest ever cryptocurrency heist in January when they lost approximately $530 million of traders money which they then struggled to pay back from their own coffers. The hack brought them under heavy scrutiny by the FSA, circumstances that may have led to them being acquired by Monex and now this ban.

The FSA re-structured its regulatory measures on exchanges after the Coincheck hack to enforce more transparency in the crypto market. A ban on tokens that offer high levels of privacy and anonymity coming under their axe is of little surprise as they continue to search for the tokens stolen from Coincheck that seem to have been moved from wallet to wallet as anonymously as possible.

Coincheck Adheres to FSA Ban

Monero has been among the top ten cryptocurrencies and is enormously popular in Japan but has garnered criticism for being the new crypto for criminals mostly due to it being favored by drive-by miners. The FSA has established the ban as a way to crack down on digital currency it sees as useful for money laundering and other nefarious enterprises.

In the wake of the January hack, Coincheck suspended all withdrawals which it has been lifting since on a coin by coin basis. In a bid to regain customer trust they have been promoting zero-fee trading since March. The exchange has also claimed the right to deny any transaction being made without a valid reaso...

09:00

Crypto Tribalism Is Holding Back Blockchain "IndyWatch Feed Crypto"

A more united front among all who believe in blockchain tech's sweeping potential could help ensure a more constructive legal environment.

08:30

Marvel, The Simpsons Go Crypto "IndyWatch Feed Crypto"

Marvel, The Simpsons Go Crypto

Crypto is set for yet another banner year, especially if mainstream portrayals of it are any indication. Marvel Comics Hunt for Wolverine Adamantium Agenda #1 and The Simpsons: Tapped Out video game are both working-in references to cryptocurrency into their respective storylines and quests in attempt to capture some of the excitement regarding moneys future.  

Also read: Alec Baldwins Lambo Movie Backed by Crypto Tech

Marvel, The Simpsons Go CryptoWay back in 1997, The Simpsons foreshadow

The Simpsons are Crypto Cool

Mobile games have been the rage for years now, and among the so-called freemium games, The Simpsons: Tapped Out is a very popular choice within the genre. In the world of the game itself, ...

08:30

Ripple Price Analysis: XRP/USD Could Extend Upsides "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price is slowly on the move and is currently trading above the $0.6800 resistance against the US dollar.
  • There is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently placed nicely in an uptrend and it could extend gains above $0.7100 in the near term.

Ripple price is moving nicely in a positive zone against the US Dollar and Bitcoin. XRP/USD may well rise further above $0.7100 and towards $0.7400.

Ripple Price Trend

There was a decent support base formed near the $0.6500 level in Ripple price against the US Dollar. The price started an upside move and traded above the $0.6600 and $0.6800 resistance levels. The upside move was positive as there was a close above the $0.6800 resistance and the 100 hourly simple moving average. There was even a spike above the $0.7000 level where sellers appeared.

The best part is the fact that the price is now above the 38.2% Fib retracement level of the last decline from the $0.7483 high $0.6481 low. At the moment, there is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair. The pair is trading with a positive bias with resistance near the $0.7100 level. It also represents the 61.8% Fib retracement level of the last decline from the $0.7483 high $0.6481 low. The channel resistance is also close to $0.7100. Therefore, a break above $0.7100 wont be easy.

Ripple Price Analysis XRP USD

Looking at the chart, the price may well move above $0.7100 if it stays inside the channel. A push above the $0.7100 resistance will most likely clear the path for more upsides in XRP towards $0.7300 and $0.7400.

Looking at the technical indicators:

...

07:25

Bitcoin Price Back at $8,500: Cryptocurrency Market Rebounds After Poor Week "IndyWatch Feed Crypto"

On previous reports, CCN noted that the $8,200 resistance level is an important threshold to observe given that a drop below the $8,200 mark could lead the bitcoin price back to the $7,900 region. Over the past 24 hours, the cryptocurrency market has rebounded as the bitcoin price reached $8,500 and tokens such as Tron

The post Bitcoin Price Back at $8,500: Cryptocurrency Market Rebounds After Poor Week appeared first on CCN

07:00

Tom Lee Owns his Bad Consensus Bitcoin Prediction "IndyWatch Feed Crypto"

Much has been written about what went wrong at last weeks Consensus 2018. Why despite the massive increase in attendance the energy surrounding the conference felt so muffled and ultimately why it failed to provide the market bump that analysists and pundits predicted.

Crypto Bull Tom Lee Owns His Bad Prediction

In hindsight, some of the problems are clear to see; the tickets were expensive and it didnt support cryptocurrency for any event transactions. Those who attended said the discussions were outdated and even NPRs Wait Wait Dont Tell Me took a dig at the rented Lambos. Uber crypto bull Tom Lee though at least had the decency to own up to his misreading of the events influence on Bitcoins price.

Fundstrats Tom Lee predicted in a note to clients on May 7 that taking into account the low trading price of Bitcoin going into the conference which began on May 14th coupled with the way the market had reacted to previous years Consensus gatherings Bitcoin could gain anywhere from 10-70%. He wrote to Fundstrats clients;

Already one of the largest crypto conferences in the world, attendance this year is up dramatically and coming at a time when Bitcoin/Crypto is down YTD. Hence, we expect the Consensus rally to be even larger than past years.

As we know now Consensus did not create a market pump. In fact, Bitcoin slumped through the three day period about 10% taking the rest of the market down with it losing $45 billion since May 10, according to Coinmarketcap.com.

Consensus was More of a Dump than a Pump

Lee owned up to his bad prediction in a new report to clients in which he exams why the annual gathering failed to push up the price of Bitcoin. Lee wrote his investors that the continued lack of clarity from regulators like the Securities Exchange Commission and the slow pace of adoption by traditional companies were factors. According to Bloomberg, he wrote;

 Crypto still faces significant internal resistance and hurdles within traditional financial institutions, but it is encouraging, nonetheless, that a large share of incremental attendance are financial institutions.

...

07:00

Ethereum Price Analysis: Can ETH/USD Continue Higher? "IndyWatch Feed Crypto"

Key Highlights

  • ETH price gained traction and moved above the $690 and $700 resistance levels against the US Dollar.
  • There is a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair has to stay above the $704 support and the 100 hourly simple moving average to move higher.

Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to remain above the 100 hourly SMA to extend gains above $715.

Ethereum Price Support

The past few sessions were mostly positive for ETH price as it moved above the $690 and $700 resistance levels against the US Dollar. The price even spiked above the $720 level, but it failed to extend gains towards $740. A high was formed at $724.80 before the price started a downside correction. It declined and moved below the $720 and $715 levels.

During the decline, there was a break below the 23.6% Fib retracement level of the last wave from the $683.40 low to $724.80 high. However, there are many supports on the downside above the $700 level. There is also a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD. The same trend line is positioned near the 50% Fib retracement level of the last wave from the $683.40 low to $724.80 high. More importantly, the 100 hourly simple moving average is near $700-702. Therefore, the price is likely to find strong bids near the $700-704 zone.

Ethereum Price Analysis ETH USD

Looking at the chart, the price is likely to move higher as long as it is above $704 and the 100 hourly SMA. On the upside, a break above the recent high of $724 could open the doors for a push towards the $740 resistance.

Hourly MACD The MACD is slightly placed in the bearish zone....

06:48

Asian Cryptocurrency Trading Update: Tron Trounces Other Altcoins, Surpasses Iota "IndyWatch Feed Crypto"

FOMO Moments

Another Monday morning in crypto land brings us a little more hope as markets are once again climbing back towards $400 billion. Bullish technical signals are aplenty and Bitcoin is currently 2.9% up on the day at $8,500. The weekend has been flat with no news or momentum in either direction. Altcoins are pretty much all in the green this morning making steady gains. The altcoin everybody loves to hate is shooting off again this morning, Tron.

Take a look at any social media crypto group and youll see posts taking jibes at Tron and its founder. But there is no denying that TRX is traded heavily in Asia where they seem to have a different opinion. Coinmarketcap is reporting a 19% climb for Tron since this time yesterday with strong technical signals for further gains. Currently trading at $0.084 from $0.070 24 hours ago Tron is on a charge again. Weekly gains have been a similar 17% and the Monday momentum is pushing this altcoin higher than all of the others in the top 25. Over the past month TRX has climbed 66% from $0.050 this time in April. Against Bitcoin Tron is up 15% on the day to 975 satoshis from 850 sats this time yesterday. Monthly gains on BTC have been over 70% from a level of around 570 satoshis the same time last month.

Tron is heavily hyped on social media and Twitter where founder, Justin Sun, seems to spend most of his waking hours. Buildup to the launch of Tron mainnet and the separation from the Ethereum blockchain is driving current upwards momentum. The launch of a virtual machine this week to enable cross-compatibility with Ethereum dApps has also added to the upside swing;

06:08

Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains? "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price recovered and managed to move above the $1,250 resistance against the US Dollar.
  • There is a key bullish trend line forming with support at $1,255 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair may continue to rise, but it could correct lower to test the $1,240-50 support area.

Bitcoin cash price is showing a few positive signs above $1,250 against the US Dollar. BCH/USD is currently correcting lower and it remains supported above $1,240.

Bitcoin Cash Price Support

After forming a base around the $1,150 level, bitcoin cash price started an upside recovery against the US Dollar. The price traded higher and it managed to move above the $1,200 and $1,240 resistance levels. The upside move was very positive since the price closed above the $1,250 resistance and the 100 hourly simple moving average. It even spiked above the $1,300 level before starting a downside correction.

A high was formed at $1,315 and the price corrected below the 23.6% Fib retracement level of the last wave from the $1,165 low to $1,315 high. However, there are a few key supports on the downside near $1,250. At the moment, a key bullish trend line with support at $1,255 on the hourly chart of the BCH/USD pair is protected losses. Moreover, the 50% Fib retracement level of the last wave from the $1,165 low to $1,315 high is placed near the $1,240 level to prevent declines.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the price is likely to break the trend line support at $1,255. However, there are high chances that the price could find a strong support near $1,240. On the upside, a close above $1,300 will most likely accelerate gains.

Looking at the technical indicators:

...

06:00

Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00009 BTC
0.00010 BTC = 1.10 AUD
Converter

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 0.83 USD
1.00 USD = 0.00012 BTC
Converter

05:41

Tron (TRX) Price Watch: Bullish Run Ready to Resume, Upside Targets "IndyWatch Feed Crypto"

Tron Price Key Highlights

  • Tron broke out of a consolidation pattern previously highlighted to reflect a return in bullish momentum.
  • Price could move up to the Fibonacci extension levels next, especially with catalysts underway.
  • Technical indicators, however, have yet to catch up to reflecting bullish pressure.

Tron broke higher from its short-term consolidation to confirm that bulls are back in play, taking it up to the next upside targets.

Technical Indicators Signals

The 100 SMA has just crossed below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that theres still a chance for the selloff to resume from here. However, the gap is still pretty narrow so a new upward crossover might still be in the works.

RSI is heading up to show that buyers have the upper hand but is also in the overbought zone to signal exhaustion. Turning back down could draw sellers in and lead to another dip in Tron. Stochastic also has some room to climb so Tron might follow suit, but the oscillator is also dipping into overbought territory.

TRXUSD Chart from TradingView

Sustained bullish momentum could take Tron up to the 38.2% Fib at 0.08848 or the 50% Fib near the swing high around the 0.10000 level. Stronger bullish momentum might lift it to the 61.8% extension at 0.10600 or new highs closer to the 78.6% extension of 0.12000. The full extension is located at 0.13433.

Tron is scheduled to launch the mainnet by the end of this month so its understandable that investors might be positioning ahead of the event. Apart from that, they also announced the launch of a virtual machine by May 25. The creators wrote:

[We] will be able to break away from Ethereum and its low-efficiency, congestion-prone network, high fees, and steep learning c...

05:34

Bitcoin (BTC) Price Watch: Support Holding, Bullish Pattern Forming "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price looks tired from its selloff as it starts to show bullish moves.
  • Applying the Fibonacci extension tool on this potential bounce shows the next upside targets.
  • Technical indicators are still suggesting that sellers have the upper hand.

Bitcoin price seems to be done with its correction and ready for a climb, but technical indicators have yet to catch up.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse. However, price has moved past the 100 SMA dynamic inflection point as an early signal of bullish momentum.

RSI is on the move up to show that theres some buying momentum left, but the oscillator is nearing overbought conditions to reflect exhaustion. Similarly, stochastic is heading north so bitcoin price could follow suit, but the oscillator is also approaching overbought levels. Turning back down could draw sellers in once more.

BTCUSD Chart from TradingView

If bulls are able to stay in control, they could push bitcoin price up to the next potential resistance at the 38.2% extension or $9279. The 50% extension is near the $9700 major psychological level while the 61.8% extension lines up with the swing high around $10,000. Stronger bullish pressure could take it up to fresh highs at the 76.4% extension or $10,705 level or the full extension at $11,461.

For now, though, market watchers are paying extra close attention to the energy costs related to mining bitcoin. This casts doubts on the sustainability of this particular cryptocurrency, but the improved sentiment in the industry to start the week appears to be providing enough support.

Looking ahead, the FOMC minutes could turn the spotlight back to dollar movements as stronger tightening hints could boost the U...

04:55

3 Ways Blockchain Is Already Delivering on the Hype "IndyWatch Feed Crypto"

The new digital gold standard? Well, of course. That goes without saying!

03:30

Goldman Sachs President to Become CEO by End of Year, More Crypto Involvement Expected "IndyWatch Feed Crypto"

Goldman Sachs current president, David M. Solomon who moonlights as an EDM DJ and practices yoga is set to become the companys CEO by the end of this year.

Solomon as CEO at Goldman

Solomon, who has already started putting together his management team, is set to replace longtime Chief Executive Lloyd C. Blankfein. The move has been a quick one, as just this past March Solomon was named sole President of the Wall Street giant. For the cryptosphere his appointment could mean good things, as both Solomon and Goldman have expressed interest in furthering development of digital coin-related offerings.

Blankfeins exit will likely take place in conjunction with the firms annual dinner for retired partners in December, according to two people familiar with the matter who spoke with the New York Times. Solomon, it seems, is set to step in shortly after that.

Blankfein, a onetime gold salesman who is known for his intellect and wit, steered Goldman through the tumultuous 2007 U.S. housing market collapse, but not without seeing the firm suffer damages to its reputation. Since then, Goldmans business model has been hurt by tough federal regulations meant to curb risk-taking on Wall Street and help prevent another collapse.

Because of this, the firm, once reliant on high-flying traders, now has to look elsewhere for new revenue. One way Goldman is doing this is by expanding its online-lending business and doing more trading of currencies and commodities on behalf of large corporations.

Looking Elsewhere for Revenue, Digital Currencies?

Earlier this year, Goldman made its first hire in digital current space a move which shows how serious it is in helping give clients access to the emerging asset class. The firm hired former digital currency trader Justin Schmidt as Vice President and head of digital asset markets in Goldmans securities division.

Furthermore, since as early as December of last year some reports have indicated that Goldman is in the process of developing a trading desk to deal in digit...

02:02

Ripple Has the Attention of the IMF: Ripple (XRP) Price-Technical Analysis (May 21) "IndyWatch Feed Crypto"

In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, its just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents.

From the News

Implementation of blockchain technology towards solution of every days problem will for sure help accelerate adoption of DApps that make use of them. Take Ripple for example. At its core it uses blockchain ad they avail four products for their clientele. One of them is xRapid, a cross border payment or money transfer facilitator that strives to make the market more efficient.

Through a demonstration at the Consensus 2018, David Schwartz said that companies and or start ups that implements xRapid are guaranteed to save up-to 70 percent of costs. During their demonstration, xRapid, which uses RippleNet, could move funds from the US to Mexico in two minutes complete with the transaction receipts and registries at the blockchain.

Since everything is done in a transparent manner, there is no need of fear because of the end to end tracking of transactions that cushions everything against potential fraud.  Besides there is no obligation for users to make use of XRP tokens so they need not to worry about the up and downs of XRP market pricing.

While at it, Ripple announced Xpring, a smart initiative by Ripple, for funding companies, entrepreneurs and start ups who use Ripple products. Through an official announcement in their...

02:01

Is This A Crypto Resurrection? Tron, EOS, Litecoin, IOTA and Stellar: Technical Price Analysis May 21, 2018 "IndyWatch Feed Crypto"

Its just four days before Tron launch their Tron Virtual Machine (TVM) and already there is injection of momentum. Yes, Im net long Tron and thats a technical and sentiment advice based on historical formations before announcement of coin specific developments. In my view, TVM is a plus and while we expect more updates before their mainnet launch, buying on dips today might be a good trade plan. After all, that would be syncing with the general bullish trend after yesterdays spike in volumes.

Lets have a look at these charts:

EOS Analysis

The excitement is real and we have more comparisons on the sphere. We all know people refer Bitcoin as the digital Gold and indeed it is especially if we bring on focus Irans events. People are flocking to Bitcoin despite them being illegal in that jurisdiction. Now, with companies as ZimbraX of Synacor and exchanges as NASDAQ planning to utilize EOSIO platform, its no secret that EOS is a force to reckon. Online commentators now dubs EOS as the digital real estate.

01:52

BCH Miners Discuss Funding Development With a Fraction of Block Rewards "IndyWatch Feed Crypto"

BCH Miners Discuss Funding Development With a Fraction of Block Rewards

On May 19 a group of Bitcoin Cash (BCH) miners met after the Coingeek Conference in Hong Kong to discuss a new proposal which would fund BCH development and professional programmers who work on the protocol. The funding would stem from a portion of the miners block reward, and attendees discussed donating between 1-5 percent of rewards to fund developers.

Also read: Bitcoin in Brief Saturday: Warren Warned by Billboards, Coinbase Tempted by Banking

A Positive Meeting Takes Place in Hong Kong Between BCH Industry Executives, Mining Pools, and Developers

BCH Miners Discuss Funding Development With a Fraction of Block RewardsAfter an innovative event at Calvin Ayres Coingeek Conference in Hong Kong members of the Bitcoin Cash industry including high profile executives, and lead developers met to discuss a new proposal. Attendees of the meeting included executives from the pool BTC.top, Coingeek, Viabtc,...

00:47

National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth "IndyWatch Feed Crypto"

Lets see why and how national cryptocurrencies are not really cryptocurrencies

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