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Bitcoin and similar digital assets were not used to fund any of the recent terror attacks in Europe, finds a Europol report that paints a clear picture of the contribution of cryptocurrencies to online crime. The 72-page long study [PDF], titled Intenet Organized Threat Assessment 2018, thoroughly touches upon the various modules of online crime,
The post Bitcoin Hasnt Funded any Terror Attacks in Europe, Europol Report Reveals appeared first on CCN
A representative from PricewaterhouseCoopers blockchain branch recently declared that demand for token assets and enterprise-level solutions is still raging, but there is still a way to go on the regulatory and trust fronts.
Bloomberg has tackled the crypto industry head-on yet again, calling upon Grainne Mcnamara, the lead of PricewaterhouseCoopers blockchain division, to discuss how this fledgling market is faring in spite of troubled cryptocurrency prices.
Keeping in line with Mondays crypto-related interview, in which the CEO of an ICO-focused startup claimed that the token offering model is still effective, the Bloomberg host questioned Mcnamara on how PricewaterhouseCoopers (PWC) blockchain consulting service has been performing. Surprisingly enough, the PWC executive explained that there is still demand for her employers services, noting:
So we sort-of divide the world into what is distributed ledger technology and enterprise application of blockchain technology and what is happening in the cryptocurrency markets, so they are a little bit distinct The demand for blockchain advisory services is still really, really, really strong, in a sense that it started in financial services because the idea was to take cost out, so there was a potential for a disruptive effect on that sector. But its actually every sector that we deal with that interested in this technology.
The lead of PWC Blockchain went on to explain that not only are enterprise applications of blockchain technology still a popular subject, but the creation, issuance, and distribution of token assets (security tokens) as well. Mcnamara elaborated, stating:
Of course, we saw a run-up in excitement in crypto at the end of last year, with the release of the futures and so-on, so-forth. [But] were still seeing tremendous excitement from issuers of potential token assets that could appear on these networks [and] we are still seeing a lot of demand from people [who are trying to figure out] the method in which they could bring digital assets to the market how would I list them, where would I list them, whats the appropriate market infrastructure to connect to.
In short, Mcnamara is explaining that the phenomena of the token asset economy is still raging, in spite...
PNC Bank's Treasury Management division is to begin accepting cross-border transactions using Ripple's xCurrent product.
Tradeshift CEO thinks supply chains cannot benefit from at-scale blockchain deployment in the technologys current state
Following a successful launch in California only a few months
ago, the U.S. branch of cryptocurrency exchange OKCoin is adding five new coins to
its listings. Those coins include Ripple (XRP), Cardano (ADA),
Stellar lumens (XLM), Zcash (ZEC) and 0x (ZRX).
OKCoin made the announcement today, September 19, 2018. The new coins will be paired with the U.S. dollar, bitcoin and ether, the native cryptocurrency of the Ethereum platform. Trading against fiat pairs will be available to California residents only, while crypto-to-crypto pairs will be available in California along with 20 other states across the U.S.
We are very pleased to welcome these five new cryptocurrencies and all of the communities that trade them, said Tim Byun, OKCoin USA CEO, in a statement. He added that OKCoin is committed to only bringing in tokens that offer utility, value and demonstrable use cases.
The moves comes at a time when the exchange is aggressively growing its business in the U.S. OKCoin originally set up shop in Mountain View in November 2017. In June 2018, the company relocated to San Francisco, and the following month, it officially announced its presence in the U.S. when it began offering trading between the U.S. dollar and several major cryptocurrencies. Just a week ago, after getting the green light from U.S. and state regulators, OKCoin opened up crypto-to-crypto trading in numerous other states.
The exchange itself has a long history. One of the oldest crypto exchanges, OKCoin was originally launched in China in 2013. At the time, China was considered the worlds hub for bitcoin trading, and OKCoin became one of the three biggest exchanges in the country, alongside Huobi and BTCC.
OKCoin originally focused on bitcoin-to-yuan trades. To attract a crowd of more professional traders, the following year, the company launched OKEx, which offered hundreds of token-to-token trading pairs. The setup is similar to how Coinbase, a popular cryptocurrency exchange in the U.S., operates Coinbase Pro (formerly GDAX).
Chinas cryptocurrency trading business took a hit when the Chinese central bank began regulating bitcoin starting in...
When trading on a cryptocurrency exchange, investors have little-to-no information about the person trading against them, that is, the person on the other side of their buy and sell orders. Subject to the geographic restrictions of the exchange, that could be someone who lives in your neighborhood, or it could be someone who lives on
The post 20% of Coinbase Trades are Made by the Cryptocurrency Exchange Itself appeared first on CCN
Bithumb and Binance have announced listings of new coins, with Bithumb stating that Waves (WAVES) and ChainLink (LINK) will be joining its ranks, while Binance is adding BNB trading pair for TRON (TRX).
Cryptos getting listed on new exchanges is always big news for both the coins and the exchanges as well. The coins get more exposure, activity, and trust from careful investors, while the exchanges get more traffic and customers willing to work on their platforms.
The recent Twitter announcement by Bithumb has certainly shaken up the crypto world after the exchange stated that it will be adding two new projects. The cryptos in question are Waves (WAVES) and ChainLink (LINK), both of which are scheduled to go live on the exchange today.
Waves (WAVES) and ChainLink (LINK) will be listed on Bithumb Today!
Date : September 19, 2018(Wed) 6:30 PM [KST]
Bithumb (@BithumbOfficial) September 19, 2018
According to the announcement, both cryptos will be up and running by 6:30 PM [KST]. Additionally, both of these projects are quite promising, and their addition to Bithumb will be an excellent move for the exchange as well. Not to mention that the coins are likely to get much more attention now that they are entering the exchange with over $400 million in volume per 24 hours, on average.
The results of the listing are already apparent, and both projects are benefiting greatly even now. WAVES went up by 11.5% after the announcement and is currently valued at $2.21, while LINK climbed up by 15% with a price of $0.321 at the time of writing. How much will the coins actually benefit from the listing is anyones guess at this point, but the fact remains that this is an extremely positive development in an otherwise bearish crypto market....
Binance CEO and founder Zhao Changpeng announced an ambitious plan to build 5-10 fiat-to-crypto exchanges in the next year.
Major global banks and industry players have launched a joint Swiss-based venture that will oversee a new blockchain-based platform for financing commodity trading
British port operator Associated British Ports to test blockchain as a solution for faster and more secure shipments
A lot of cryptocurrency traders are sick of hearing about manipulation. They just want to buy and sell bitcoin in peace, without Twitter accounts such as Bitfinexed banging on about unnatural market movements. It was thus with some dismay that New Yorks Virtual Markets Integrity Initiative was greeted. The report, which dropped yesterday, predictably contains allegations of market manipulation. But it also contains some fascinating ancillary insights.
In April 2018, the New York State Office of the Attorney General (OAG) sent an extraordinarily detailed questionnaire to every cryptocurrency exchange that traded in the state. Some platforms, such as Kraken, rebuffed it, rightly interpreting the initiative as a fishing exercise designed to further regulate an already tightly regulated industry. Other exchanges, such as Coinbase, predictably bent over backwards to dot every i and cross every t.
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The Texas Securities Commission has issued an emergency cease and desist order against a Russian crypto firm that misappropriated Coinbase and Cointelegraph materials
The regulatory chief of Abu Dhabis international financial center and free zone has called for tighter regulations for cryptocurrency trading and ICOs while recognizing the growing global industry. Nearly a year after issuing its guidelines for cryptocurrencies and initial coin offerings (ICOs), effectively regulating the industry, the Financial Services Regulatory Authority (FSRA) is sharing its
The post Proper Regulations Will Boost Confidence in Cryptocurrency Sector: Abu Dhabi Regulator appeared first on CCN
56 minutes. Thats the time it took for XRP price to surge 20 percent inevitably causing a frenzy. Though there has been particular news about a Coinbase listing for example, historically, rumors of Coinbase listings trigger swings. Decisive conclusions from the US Securities and Exchange Commission (SEC) or a confirmed launch of xRapid also played a part resulting in an injection of the much-needed capital yanking XRP prices from bear grasp.
At the time of press, XRP which has cemented itself as the third most valuable cryptocurrency in the world, is trading above 30 cents after surging 20 percent yesterday. At that market price, its market capitalization expanded by $1 billion and currently trading with a $13.2 billion market cap. By all accounts, these sharp spikes are nothing new in the crypto space and conjures memories of Q3 and 4 of 2017 where it was typical for digital assets to add 30 percent on average every trading day.
While this overly impressive more so for investors who have had to contend with sharp declines in their portfolio, yesterdays rise has attracted doubt with some commentators claiming that this expansion isnt supported by strong fundamentals. Conversely, some are dismissive and optimistic that the market is finally bottoming out. Nevertheless, these are three reasons why XRP investors should remain ecstatic going forward:
Though XRP and Ripple are two distinct entities, the latters products relies of the RTXP ledger and XRP for perfect functionality. By definition, xRapid which is still in testing and scarce of development information, is a payment processing solution that makes use of XRP. In this arrangement, XRP acts as a liquidity tool needed for instantaneous cross border settlement which in turn reduces the cost of operation and latency. On Sep 17, Sagar Sarbhai, the head of Regulatory Relations at Ripple said in an interview with CNBC th...
Bitcoin apostate Mike Hearn and his R3 colleague Richard Gendal Brown view the enterprise blockchain game as, if not quite zero-sum, something close.
The Canaan Creative has posted official specifications of their new AvalonMiner A921 Bitcoin ASIC miner and the device should apparently soon be available for order, though no prices have been announced for the moment. We were kind of expecting the new 7nn-based Avalon A9 ASICs to be able to deliver 30 THS with about 1700W of power usage as per earlier information available, but apparently this will not be true for the first model A921, though it can happen in a later revision of the A9 series. Instead the AvalonMiner A921 will be a 20 THS SHA256 ASIC miner with 1700 Watts of power usage apparently
Canaan AvalonMiner A921 Specifications:
Hash Rate: 20 TH/s, -5% ~ +10%
Power Consumption: 1700 W, +0% ~ +20%
Power Efficiency: 0.085 J/GigaHash Wall-Plug
ASIC Chips: 104x A3206 7nm
Operating Temperature: -5 ~ 30 degrees Celsius
Dimensions: 378 x 170 x 155 mm
Net Weight: 5.5 KG
The A921 specifications might come as a bit of a disappointment for a new 7nm chips, but we are more than likely going to be seeing an improvement in next models from the A9 series and hopefully they will soon be able to soon reach 30 THS at the same power usage that the A921 has. Of course pricing of the devices is also a very important factor, especially in the current market conditions you really need to offer not only good specs, but also an attractive price. Compared to these specs, the just announced 14nm BitFury Clarke ASIC chips do look more interesting, though these are not very likely to be soon available in consumer level Bitcoin miners.
Dunamu, the parent company of South Koreas largest crypto exchange Upbit, has officially announced the launch of Upbit Singapore, which will be fully operational by October. Upbit Singapore CEO Alex Kim explained in an official statement that local users in Singapore will be able to trade all of the cryptocurrencies integrated by partner exchange Bittrex
The post Singapores Crypto Market Blooms as Koreas Largest Exchange Moves In appeared first on CCN
Fake news hoaxes claiming Singapores central bank chairman invested $1 billion in BTC draws formal response the bank
That crypto investors are exposed to a litany of risks in a largely unregulated and developing sphere is true. It is along the same line of consumer protection that the UKs Treasury Committee is rallying from calling for immediate regulation of the sphere by the Financial Conduct Authority, the countrys markets watch dog.
At the moment, the FCA has no powers to execute decisively on matters stemming from crypto token issuance or trading. Nonetheless, they have been actively facilitating safe trading of these assets. Recently, as reported by NewsBTC, the regulator issued CoinBase UK with the first e-money license effectively allowing them to dispense better services for their customers while at the same time adhering to laid out operational standards just like any other regulated financial entity within the UK.
Surprisingly, the UK isnt the only jurisdiction facing challenges on better understanding cryptocurrencies. Approach from governments vary from outright excitement, indifference and suspicion with the majority banning exchanges and cryptocurrencies altogether.
Needless to say, members of the Treasury Committee are worried that investor protection shouldnt be taken lightly. This is so because there were no clear routes of consumer redress or compensation. Most notably though is the committee emphasis that the boom and bust within the crypto space proliferated by initial coin offerings is a risk for consumer investors. This has been worsened by inaction from governments as regulators bubble with definitions.
While expressing his dissatisfaction, BBC quoted Treasury Committee chair Nick Morgan saying:
Its unsustainable for the government and regulators to bumble along issuing feeble warnings to potential investors, yet refrain from acting. At a minimum, regulation should address consumer protection and anti-money-laundering.
Its understandable that the committee have their reservation on cryptocurrencies. Though they are...
Bitcoin has again entered range-bound trading following a defense of $6,200 yesterday.
Cardano (ADA) and Ripple (XRP) have surged by more than 10 percent in the past 24 hours while Bitcoin maintained stability, leading the recovery of the crypto market. Earlier this week, the valuation of the crypto market dropped to $190 billion, which led investors to worry about a potential fall to the markets yearly low
The post Ripple Rises Again in 10% Jump , Bitcoin Volumes up 26% to $4 Billion appeared first on CCN
The Peoples Bank of China (PBOC) has issued a statement detailing its efforts to stop and prevent crypto and initial coin offering activities in the country. The bank outlines measures against the widespread of overseas exchanges servicing domestic users such as blocking trading platforms and closing down 3,000 trading accounts.
The Shanghai Head Office of the Peoples Bank of China provided an update on the banks risk prevention measures for cryptocurrencies and initial coin offerings (ICOs) on Tuesday, Sept. 18.
In a recent statement, New York Attorney General claimed that crypto exchanges are unsafe for business, as they are at risk of market manipulation. The report came as an attempt of US regulators to increase crypto market oversight.
Making a crypto investment is a risky business as it is. The market remains highly volatile, while the number of scams and hacks is constantly on the rise. Now, according to a new report from the New York Attorney Generals office, even the exchanges themselves might put investors at risk.
The reasons for concern are many in the crypto world, but the would-be investors were at least capable of trusting in exchanges to keep them and their money safe. Now, it turns out that that might have been a mistake. The new report claims that the crypto market is vulnerable to manipulation and that its users dont even have basic protection provided.
After a detailed look at up to 13 exchanges operating in New York, the office of NY AG attempted to determine how well-protected are the customers of these exchanges. The results were not that good according to reports. The report claims that exchanges have failed to register under federal or state securities or commodities laws. Additionally, they also failed to implement common security standards, market surveillance protocols, internal controls, or other types of protection of their customers.
Obviously, this puts the exchanges customers at serious risks, which are pretty varied.
The in-depth look into these exchanges started back in April of this year when the NY AG asked the 13 exchanges to provide information. Four of the 13 exchanges refused voluntary information disclosure under claims that they dont allow trading in the State of New York. Those include Gate.io, Binance Limited, Kraken, and Huobi Global Limited.
The NY AG office ended up referring three of these four platforms Binance,...
Tim McCourt, managing director of CME Group, has said that bitcoin futures are not to be blamed for the slump in the crypto market this year.
Veteran Bitcoin analyst Willy Woo insists that bitcoin is still in the middle of a bearish trend. This contradicts the opinions of some experts who believe that the sell-off period has already come to an end, therefore expecting a bull ride to kick in. Market Behaviour and Speculators Since January 2018, bitcoin and the cryptocurrency
The post Bitcoin Still in the Middle of a Bear Market: Analyst appeared first on CCN
Kakao-affiliate Dunamu, the operator of major South Korean crypto exchange Upbit, plans to open a Singapore-based exchange in early October
Crypto markets have recovered slightly following yesterdays ten billion dollar dump. Total capitalization has inched slowly back towards $200 billion and is about to break it. One big pump yesterday added $8 billion back into the markets.
Bitcoin is up marginally today, around 1.2% to $6,370. BTC is facing resistance at the $6,400 level and needs to break through this to see further gains. Ethereum has been much more volatile and has bounced back 5.5% over the past 24 hours to trade at just over $210.
Nearly all of the altcoins dumped yesterday but most of them are recovering again today. Looking at the top ten XRP is surging ahead with a 20% pump on the day to trade at $0.328. Ripples native token has almost regained all losses over the past month in this one spurt. The announcement that Ripple Labs would be launching its xRapid liquidity platform as early as next month has set the fomo in motion as traders jump on XRP once again. Market cap for the worlds third most popular cryptocurrency has surged back over $13 billion as volume has jumped from $250 million to $700 million.
Other altcoins doing well in the top ten at the moment include Cardano up 13.5% to $0.072 which has pushed it back above Monero into ninth spot. Stellar hasnt done badly today with a 5% gain on the day and the rest are up 2-4 percent.
In the top twenty Tron is leading with a 7% gain following Binance announcing the TRX/BNB trading pair. Dash, Tezos and Nem are all up 4-5 percent on the day and Iota is the only coin in the red dropping back a percent.
Chainlink is getting the biggest pump of 22% in the top one hundred as it has just been listed on Bithumb. Ardor, Maker and Dragonchain are all up 11-13 percent on the day. Topping the red list is Aurora dumping 25% followed by FunFair and Steem both losing 6%.
Total crypto market capitalization has climbed just over 3% on the day to $198 billion. It briefly surpassed the $200 billion mark a few hours ago but has fallen back slightly. Since last Wedne...
Following a decision to recognize mining as an industry, the Islamic Republic of Iran is about to legalize the import of mining equipment. Also in The Daily, an executive at a leading Spanish bank insists cryptocurrencies are perfect and must be understood; trying to better understand the crypto space, Cyprus has set up a fintech innovation hub; and in Zimbabwe, the new finance minister is pushing the countrys central bank in a similar direction, calling on the RBZ to create a crypto unit.
Just two weeks after Iranian authorities announced a decision to...
Bitcoin price recovered nicely from the $6,200 support against the US Dollar. BTC/USD is now above $6,300, but it could struggle near the $6,370, $6,390 and $6,400 levels.
After trading as low as $6,202, bitcoin price found strong bids against the US Dollar. The BTC/USD pair started an upside move and climbed above a few key resistances like $6,280 and $6,300. The price cleared the 23.6% Fib retracement level of the last slide from the $6,530 swing high to $6,202 low. It opened the doors for more gains and the price spiked towards the $6,390 and $6,400 resistances.
There was a test of the 50% Fib retracement level of the last slide from the $6,530 swing high to $6,202 low. BTC buyers failed to clear the $6,390 and $6,400 resistances. However, there was a break above a key bearish trend line with resistance at $6,340 on the hourly chart of the BTC/USD pair. If the recent upside break is true, there could be more gains towards the $6,400 and $6,410 levels. The 100 hourly simple moving average is positioned near the $6,410 level to act as a resistance. Therefore, a proper close above the $6,400 resistance and the 100 hourly SMA is needed for more upsides.
Looking at the chart, bitcoin is slowly losing momentum below $6,400. If there is a downside correction, the $6,300 support could act as a buy zone in the near term.
Looking at the technical indicators:...
British lawmakers called for the regulation of the domestic cryptocurrency market which they claimed to be the Wild West, whilst insisting rules could help the UK become a global centre for crypto-assets. In a report published by the British Parliaments Treasury Committee on Wednesday, lawmakers claimed investors are afforded very little protection from a number
The post Enough Feeble Warnings, Regulate Wild West Crypto Market: UK Lawmakers appeared first on CCN
Lynked.World, the blockchain-based technology that allows users to irrefutably verify their personal, educational, and professional backgrounds, has just announced that four elite organizations in India will join dozens of other government and educational intuitions in that country who have adopted the platform. Metal Scrap Trade Corporation Limited (MTSC) and its e-RAKAM portal, along with Coal India Limited (CIL), and The West Bengal Forest Corporation Limited (WBFDCL), have all joined the legions of other national organizations that have adopted the innovative platform in order to deliver administrative services to their constituents more readily and easily. Lynked.World is a Dutch-based company that offers a blockchain ID verification solution for everyday citizens, employers, higher education administrators, and governments.
MTSC, which is a Miniratna-I company under the Ministry of Steel of the Government of India, will integrate the platform in two key sectors. First, the e-RAKAM portal, which is a joint initiative of MSTC and the Central Warehousing Corporation (CRWC), aims to eliminate intermediaries from the farming and agricultural sector by connecting small, local farmers with international markets. MSTC has developed a unique ecosystem that brings aggregators, logistics providers, and warehousing companies under one umbrella for commercial activities involving the sale of agricultural and forest produce to PAN India buyers through its e-commerce portal. It will use the Lynked.World platform to issue digital ID cards and its e-agri passbook for farmers who participate in the program. The MSTC is a 50-year-old state-owned company that engages in domestic and international trading activity. Its e-auction portal will also implement Lynked.Worlds multisig contract feature.
Coal India Limited (CIL), a state-owned undertaking, is the largest coal producing company in the world and a Maharatna Company. It is also Indias second largest government sector employer with more than 300,000 employees and one of the top 20 companies in India by market capitalization (> US$ 20 billion). CIL plans to use the Lynked.World platform to issue blockchain-based digital ID cards to all its employees and vendors.
Meanwhile, the West Bengal Forest Corporation Limited (WBFDCL) is a West Bengal undertaking that promotes manmade forest management and fragile ecosystem conservation. The organization says they will adopt Lynked.Worlds solution to manage their ecotourism hotel and guesthouse services at their 18 resorts found at various locations across the state. By using the app, WBFDCL will be able to offer a configurable form feature for guest check-in. They will also implement the platforms staff digital ID and attendance system. Part of the organiz...
Grandshores Technology Group, a Hong Kong-based public blockchain investment company, is planning to raise $12.7 million through a digital token fund in an effort to finance a yen-backed cryptocurrency project.
Grandshores Technology was initially a contracting company that pivoted to the blockchain industry after being acquired by SHIS, a corporation owned by Singapore-based investor, Yongjie Yao, who is also in charge of the Xiongan Global Blockchain Innovation Fund.
Yao made his name in the technology industry through being a founding partner of the 10 billion-yuan Hangzhou Grandshores Fund, backed by both the Hangzhou government and famed Bitcoin investor, Li Xiaolai.
In order to gain funding, the company will be tapping qualified investors located outside of China to raise funds denominated in Tether, which is backed by USD. The funds will be used to help launch a Japanese yen-backed stable coin, which will operate similarly to Tether.
While speaking about Grandshores new investment, Yao explained that the blockchain industry is on track to disrupt the current financial system, and that there is a significant amount of potential for many small and undervalued projects.
Yao said that:
Blockchain will become the mainstream technology in the next three to five years. We are entering the next stage of blockchain evolution, a stage which is akin to when computer operating system was transiting from MS-DOS [disk operating system] to MS-Windows.
Yao also said that the fund is currently working with a mid-tier Japanese bank in order to provide the means for a yen-backed stable coin. He also expressed immense confidence in the demand for a yen-backed stable coin, mentioning that the fund wants to also launch stable coins denominated in the Hong Kong dollar and the Australian dollar.
Stable coins have been...
Eidoo, the multicurrency crypto wallet and decentralized exchange, has announced a new token that's redeemable for actual gold.
The Monetary Authority of Singapore (MAS), the countrys central bank, has issued a statement warning people about a website soliciting bitcoin investments that is using comments falsely attributed to Tharman Shanmugaratnam, the MAS chairman and Deputy Prime Minister. The statements attributed to Tharman on the website are misleading and false, MAS noted, except for his
The post Singapore Central Bank Flags Website Promoting Bitcoin Scam appeared first on CCN
Do note that the WildRig Multi currently supports only AMD GPUs with the newer RX series and VEGA supported out of the box and a separate download of binary kernels needed for older R9 series Fiji, Hawaii and Tonga. Unlike its predecessor the WildRig Multi miner does not support Nvidia GPUs, it will only work on AMD-based mining rigs. The WildRig Multi 0.11.6 Beta is currently only available for Windows, Ubuntu Linux and HiveOS as a closed source binary and with a 2% developer fee built-in by default, though it can be reduced.
News wires buzzed this week when the National Association of Securities Dealers Automated Quotations (Nasdaq) announced its pending purchase of Swedish crypto-friendly stock exchange technology company Cinnober. Nasdaq made an USD 190m all cash recommended public offer to the company, which it terms a major financial technology provider to brokers, exchanges and clearing houses worldwide. It could also be a significant first step for Nasdaq into the world of crypto.
Adena Friedman, President and CEO, Nasdaq explained, The combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.
From Stockholm, Sweden this week came a public announcement Nasdaq had made a $190 million offer to gobble up Swedish crypto-friendly stock exchange software provider Cinnober. The acquisition would strengthen its position as one of the worlds leading market infrastructure technology providers, Nasdaq claimed....
Gary Davis, charged with assisting Ross Ulbricht in running a drug trade worth more than $200 million on the Silk Road drug marketplace, has pleaded not guilty in a New York court to charges of conspiracy to distribute narcotics, computer hacking, and money laundering, according to The Times. Davis, who was extradited from Ireland stand trial in
The post Not Guilty: Accused Silk Road Lieutenant Gary Davis Pleads Innocence appeared first on CCN
Ethereum price is mostly consolidating against the US Dollar and bitcoin. ETH/USD is likely to decline a few points towards $205 before moving higher.
After a major downside correction towards the $190 level, ETH price found support against the US Dollar. The ETH/USD pair traded as low as $192 and later started an upward move. It jumped sharply above the $195 and $200 resistance levels. There was also a break above the 50% Fib retracement level of the recent decline from the $228 high to $192 swing low.
The price also settled above the $205 level and the 100 hourly simple moving average. However, the upside move was capped by the $214-215 zone. The 61.8% Fib retracement level of the recent decline from the $228 high to $192 swing low also acted as a hurdle. Moreover, there is a key bearish trend line in place with resistance at $216 on the hourly chart of ETH/USD. The pair needs to break the trend line and the $218 level to trade further higher. The current price action indicates that the price could correct a few points lower before it could rise back above $216.
Looking at the chart, ETH price may dip a few points towards the $206 and $205 support levels. Below these, the price could even test the $200 zone before it crawls back above the $216 level. Above $216, the price may perhaps break $220 for more upsides.
Hourly MACD The MACD is placed slightly in the bullish zone....
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Ripple price is placed nicely in a bullish zone against the US Dollar and Bitcoin. XRP/USD is primed for more gains above the $0.3300 level if buyers remain in action.
After forming a low near the $0.2500 level, Ripple price surged higher against the US Dollar. The XRP/USD pair broke many resistances on the way up like $0.2800 and $0.3000. The best part was a close above the $0.3000 level and the 100 hourly simple moving average. Buyers were able to push the price above the $0.3200 and $0.3300 levels. A high was formed at $0.3350 before the price started a downside correction.
It corrected below the 23.6% fib retracement level of the last wave from the $0.2666 low to $0.3356 high. However, losses were limited as buyers appeared above the $0.3000 support zone. The price tested the $0.3100 level and later started trading in a range. More importantly, there is a short term contracting triangle forming with resistance at $0.3260 on the hourly chart of the XRP/USD pair. If there is a downside break below the $0.3100 level, the price may test the 50% fib retracement level of the last wave from the $0.2666 low to $0.3356 high. Conversely, an upside break above $0.3260 will most likely call for more gains.
Looking at the chart, ripple price is placed nicely above $0.3100 and it seems like it could soon move past $0.3300 in the near term.
Bitcoin Price Key Highlights
Bitcoin price is slowly trending higher in a short-term ascending channel, possibly setting its sights on the very top.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA for now, but a downward crossover seems to be brewing. If completed, this would signal that the path of least resistance is to the downside or that support is more likely to break than to hold.
If so, another selloff to the long-term lows around $5,800 or lower could be underway. These moving averages could also hold as dynamic resistance levels since they line up with the mid-channel area of interest at $6,450.
RSI is heading lower to show that bearish pressure is present. In that case, another dip to support might take place. Similarly, stochastic is also moving south so bitcoin price could still follow suit.
The mood in financial markets appears to have improved on account of lower-than-expected tariffs from China. After the US announced their set earlier on, many feared a huge retaliatory effort from Beijing, but the amount targeted was lower at $60 billion also at lower rates than what many feared.
Because of that, the pickup in risk-taking has lifted cryptocurrencies somewhat, allowing bitcoin price to keep its head above water despite more naysayers. Traders are still on edge ahead of the SEC decision on bitcoin ETF applications, worrying that another set of rejections could further delay institutional investments.
Citing market volatility and consumer risk, the U.K. Treasury Committee called for increased regulation of the cryptocurrency space in a new report.
Denmarks largest bank, Danske Bank, reportedly knew that some of its Estonian branchs clients were on the Russian governments blacklist but did not close their accounts for two years. The bank is currently being probed by three countries over $150 billion money laundering allegations.
Danske Bank is currently under investigation by authorities in three countries: the US, Denmark, and Estonia. Its officials reportedly knew earlier than p...
Brazils antitrust regulator has reportedly launched a probe into six major banks on allegations of monopolistic behavior in an attempt to corner the crypto market
Damien Pang, head of the Technology Infrastructure Office at Singapore's central bank talks about the authority's insight on DTL and digital tokens.
Major Wall Street mainstay Nasdaq is reportedly following the lead of its peers in seeking ways to slowly enter the cryptocurrency space, and has made an offer to acquire a crypto-friendly fintech startup based in Stockholm, Sweden.
One of the worlds largest stock exchanges, Nasdaq, has announced that its made a public offer to Swedish fintech solutions firm Cinnober. Cinnober is a leading provider of exchange and real-time clearing technology, and their services include a high performance trading and post-trade solution for cryptocurrency exchanges.
Nasdaq will acquire Cinnober if the $190 million all-cash public offer is to be accepted by Cinnober shareholders. Nasdaq notes in a press release that it expects a 10% return on the invested capital within 3-5 years, assuring shareholders that the acquisition is in the companys best interests.
Nasdaq says that acquiring Cinnober would strengthen its position as one of the worlds leading market infrastructure technology providers.
Adena Friedman, President and CEO of Nasdaq said the combined intellectual capital, technology competence and capabilities of Cinnober and our Market Technology business will expand the breadth and depth of our fastest growing division at Nasdaq.
Not only have the global capital markets continued to evolve rapidly, new marketplaces in various industries are demanding market technology infrastructure that enables rapid growth and scale as well as access to tools to promote market integrity. This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments, Friedman added.
Cinnobers Board of Directors has released a statement publicly recommending that the shareholders and warrant hold......
In order to protect investors, the U.K. Treasury Committee has called for the development of more defined cryptocurrency regulations
The last week has been an eventful for XRP and Ripple the company. Straight from releasing an upgrade of their Ledger to Sargar hinting of xRapid launch in the next month or so, XRP bulls are on overdrive and up a massive 20 percent in the last day. Needless to say, it appears as if XRP prices are bottoming up thanks to yesterdays high volume rejection of 25 cents. If it stays as it is, then we might see gains above 40 cents confirming last weeks XRP price analysis.
As it stands, pundits and critics alike are shifty on their position and if SEC follow through confirming that indeed XRP value and profit margins are dependent on the works of a third party, prices of XRP will surely tank. This declaration will simply mean XRP shall be under the oversight of the SEC and token holders have to register their holdings with the regulator for tax purposes.
Nelis (100% bot) (@Nielsmanboy) September 18, 2018
Its along these lines that Ripple developers are now urging nodes to upgrade to XRP Ledger Version 1.1.0 by Sep 27, 2018. By introducing DepositPreAuth Amendment that is designed to work in tandem with DepositAuth Amendment, users can at anytime pre-approve incoming transactions and even whitelist addresses. Aside from this, the upgrade improves on contentions around fix 1515 while withdrawing support for the sign and sign for commands from Ripple APIs.
A former LinkedIn data expert has joined Coinbase as its VP of data, claiming that data organization is still a new concept for many companies
Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity
The post Fidelity Investments Aims to Release Crypto Products by Year End appeared first on CCN
Dutch digital security company Gemalto has launched a distributed approach to Digital ID management in the form of the Trust ID Network service, developed in partnership with leading distributed database technology firm R3.
Identity systems are one of the many use cases for blockchain technology.
A number of renowned technology companies are looking in that direction, including Microsoft, which may be building a decentralized identity system with the Bitcoin Lightning Network.
Microsofts project wants trust to be earned by individuals and built by the community, unlike traditional identity systems, which are mostly geared toward authentication and access management, according to Ankur Patel, principal program manager of Microsofts Identity Division.
Competition within the DID sphere will certainly be fierce as Gemalto is already presenting the service to its customers in over 180 countries, according to an announcement from the company. First, the company is inviting a number of stakeholders to participate in one of several Trust ID Network pilots that will launch later this year.
Users will be able to create and manage their own Self-Sovereign Digital ID to enroll with a host of different digital banking, eCommerce and eGovernment services, without having to go through repeated due diligence processes for each of them. The verified Digital IDs can be controlled via the mobile app ID Wallet.
The innovation may be of particular interest to financial institutions, which are pressured by tough KYC (Know Your Customer), data privacy and customer authentication procedures. Other targeted service providers include public services, mobile operators and airlines. The firm aims to correct the weaknesses of traditional identity systems, according to Bertrand Knopf, EVP Banking & Payment for Gemalto.
Trust ID Network solves the profound weaknesses of traditional, siloed identity frameworks: the clumsy user experience, rising costs and difficulties in complying with stricter regulations. Its the perfect illustration of Gemaltos ability to comb...
Over the past few weeks, Bitcoin Cash supporters have been debating the upcoming hard fork scheduled for November 15th of this year. Most of the community understands, that as of right now, there are two camps that have entirely different visions. It doesnt seem like a compromise is coming any time soon. Lately, as each day passes and as time draws closer to the upgrade, both disagreeing parties have been testing certain features and publishing various papers concerning the theoretical effects of specific upgrade additions.
Right now is probably a pretty confusing time for a few people just learning about the disagreement taking place concerning the scheduled November 15, 2018, Bitcoin Cash network upgrade. Currently, there are two camps that disagree on which features will be added to the hard fork this November The Bitcoin ABC development team and the clients supporters, and the Nchain development team and the Bitcoin SV clients crew of proponents.
A recent report claims that a majority of circulating bitcoins are kept in investment wallets
According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the markets foundation, preparing
The post Shapeshift CEO: Bitcoin Drop Beneficial in Building Market Foundation appeared first on CCN
Undoubtedly, altcoins are under immense pressure. Laying out this is the increase of Bitcoin dominance to over 55 percent showing investors shifting their capital from altcoins to Bitcoin. All in all, rousing developments in EOS, they are set to unveil new dApps, should prop prices while a damning analysis by Tushar Jain, the MD of Multicoin could trigger renewed criticism on Litecoin and Charlie Lee further damping prices.
Lets have a look at these charts:
Often after periods of extreme volatility as we saw on Sep 17, prices tend to recoil, fading the break out direction before towing back in line just like what happened yesterday. As visible, prices are moving within tight ranges but most importantly, EOS is stable and up three percent but needless to say, our last sell break out is still valid.
It also means our previous EOS price analysis are now null as sellers set their eyes on breaching $4.5 and $4 in coming days. With this, we recommend exiting our p...
New York State Attorney General Barbara Underwood has referred three major cryptocurrency exchanges to the states Department of Financial Services (NYDFS) for potential violation of New Yorks virtual currency regulations. The exchanges referred are Binance, Gate.io and Kraken. This was revealed in the Virtual Markets Integrity Initiative Report released earlier today by the Office of the
The post Cryptocurrency Exchanges Binance, Kraken May Be Operating Unlawfully in New York: AG Report appeared first on CCN
In April 2018, former New York Attorney General Eric
sent off inquiries to more than a dozen cryptocurrencyexchanges
to learn more about their internal operations. Now, after months of
investigation, the New York Attorney Generals office has made its
A report titled Virtual Markets Integrity Initiative, released on Tuesday, September 18, 2018, confirms what many already know to be true: Many cryptocurrency exchanges do not have proper consumer protections in place and are often targets for market manipulation.
The questionnaire originally went out to 13 crypto exchanges. Ten voluntarily complied with the study, but four did not respond, arguing they did not serve customers in New York. But, after investigating three of those non-responders Kraken, Binance, and Gate.io the New York Attorney Generals office referred Binance, Gate.io, and Kraken to the Department of Financial Services for potential violation of New Yorks virtual currency regulations.
Kraken, the only one of the four based in the U.S., was the most vociferous in its refusal to respond to the inquiry, calling the initial request ill-prepared and an overly broad fishing expedition that asks questions irrelevant to the stated objective and misses obvious questions that actually would be helpful.
The report highlights three broad areas of concern.
First, exchanges dabble in several lines of business that would normally be carefully monitored in a traditional trading environment. Platforms often simultaneously offer a venue of exchange, perform a role similar to broker-dealers, and act as money transmitters. At the same time, many also have their own large crypto holdings and even issue their own cryptocurrencies.
Each role has a markedly different set of incentives, introducing substantial potential for conflicts between the interests of the platform, platform insiders and platform customers, the report states. As an example, the report points out that exchange employees often trade on their own platforms, even though they may have access to information about future trades or upcoming coin lis...
A recent report by cryptocurrency research publication Diar has revealed some interesting statistics about Bitcoin wallets and the nature of their owners. The findings show that the majority of Bitcoin is held in a small number of wallets and many of these have had no outgoing transactions even despite the 2018 bear market.
The report is featured in the September issue of Diar and was published yesterday.
It claims that over 55% of Bitcoins are currently stored in wallets that contain over 200 coins. This makes their total value over $1.26 million at the time of writing.
Interestingly enough, 1/3 of the wallets which contain 200 or more Bitcoins have never made an outgoing transaction. This indicates that either early investors have lost access to their wallets or that those holding the coins believe so deeply in Bitcoin that the wild price swings seen over the last twelve months do not concern the owners of the wallets.
The Diar report also states that over 87% of Bitcoins are currently being stored in wallets with balances of over 10 BTC. This represents a total value of just less than $100 billion. These coins are held in just 0.7% of all Bitcoin addresses.
For wallets with more than 100 coins, the number drops to just 0.1% of all wallets whilst representing 62% of all outstanding Bitcoins.
However, these figures do not simply represent a small number of incredibly wealthy individuals. They are much more likely to be owned by cryptocurrency exchanges themselves. This is because many users and investors are fine with breaking one of the cardinal rules of digital currencies dont store them on exchanges. Huge numbers of coins kept in exchange wallets give hackers an enormous honeypot to try to break into. Despite the dangers, many prefer to sacrifice convenience for security it seems.
It is believed that 3.8% of the total Bitcoin supply are sat in wallets that are managed by large exchange platforms such as Coinbase. This figure represents $4.28 billion.
The Diar report also supports an earlier research paper published by Chainalysis. Both studies estimate that there is a strong ch...
This month the US District Court of Eastern California has been very busy dealing with cases involving the infamous and now defunct darknet marketplace the Alphabay. The Federal courthouse in Fresno just recently wrapped up the forfeiture case involving the alleged Alphabay leader Alexandre Cazes. Further, the Fresno courthouse has charged and have plans to indict multiple Alphabay and Silk Road vendors with distribution and conspiracy charges this month.
The Alphabay marketplace and the investigation that followed after its demise has always been a very hot topic of conversation. The multinational law enforcement operation called Operation Bayonet culminated with the take down of both Hansa and Alphabay darknet markets. When the Alphabay went offline the police force targeted a Canadian national living in Thailand named Alexandre Cazes. Cazes was accused of being the Alphabays leader and as usual, because some of the crimes wer...
A recent report by the New York Attorney Generals office states that digital currency exchanges are at risk of manipulation and conflicts of interest
The US Securities and Exchange Commission (SEC) commissioner Hester Peirce has stated that the government should not limit the emergence of new products in the crypto market based on the perceived weaknesses of Bitcoin. According to Peirce, the SEC should not force crypto markets to be subjected to comprehensive government regulation just to deploy products
The post Commissioner: SEC Shouldnt Hold Back in Approving Crypto Products appeared first on CCN
The Selfish Ledger is the title of a leaked Google video released earlier this year in May 2018. Now, a few months later, its worth taking a closer look at this apparently leaked vid. The title is quite innocuous and not so fitting, belying the creepy agenda of military fund-seeded Google to control and own you by taking over your data. This will be a digital, corporate-owned ledger. Google wants a complete ledger of your life a complete account using extensive data of all your actions, decisions, preferences, movements and relationships. It then wants to use pattern recognition and other tools with this data to direct your life. At first, this so-called Selfish Ledger will be user-driven, but the implication is that soon thereafter it will be driven by the ledger itself (i.e. AI) programmed with Googles values (whatever they are). The deeper meaning of the Selfish Ledger is shocking: Google freely admits that it is aiming for complete species-wide understanding with the Selfish Ledger, and thus to be able to direct human evolution.
As described in the video, the Selfish Ledger will be a complete record or account of who you are. The word ledger denotes accounting, numbers and (now) blockchain. Google is planning to pitch the idea to the public by presenting it as a selfish ledger that is all about you. They state in the video that initially the ledger would be user-driven. So, the user would select the volition of the ledger, e.g. input the goals or values, then allow the ledger to help him/her make better decisions to reach those goals. The video states people would initially use it in the areas of health or environmental impa...
Grandshores Technology Group, a Hong Konglisted investment
holding company, is seeking to raise around $12.7 million through a
digital token fund, according to
reports from the South China Morning Post (SCMP).
Grandshores Technology plans to use the funding to launch a
Chinese investor Yongjie Yao, who currently chairs Grandshores Technology, is also a founding partner at Hangzhou Grandshores Fund, which is backed by the local government of the city of Hangzhou and Chinese crypto billionaire Xiaolai Li.
Yao stated that the company plans to attract investment from qualified investors from outside China to raise funds via Tether, according to the SCMP report. The company will also invest in disruptive startups and other cryptocurrency projects across the globe that are challenging the status quo.
We are entering the next stage of blockchain evolution, a stage which is akin to when computer operating systems were transiting from MS-DOS [disk operating system] to MS-Windows.
The founding partners of Hangzhou Grandshores Fund are currently working with an unnamed, mid-tier Japanese bank to develop the yen-based stablecoin. Grandshores has plans to launch stablecoins pegged to the Hong Kong dollar and the Australian dollar in the future.
Yao remains confident regarding the demand for the coin when it launches. He believes the token could be ready by the end of 2018 or the first quarter of 2019.
We believe cryptocurrency traders and exchanges will be potential takers of this stablecoin, he added.
Stablecoins help tackle one of cryptos chief dilemmas volatility without compromising its core values. On a smaller scale, they also help investors trade seamlessly while transferring money between crypto exchanges.
Earlier this year, Binance Labs, OKEx and other notable investors funded a stablecoin project out of South Korea called Terra. Liechtensteins Union Bank AG also...
The Frankfurt School of Finance & Management will now award certificates to its students on a blockchain
The Peoples Bank of China (PBoC) has issued a new warning to citizens regarding investments in initial coin offerings (ICOs) and cryptocurrencies, amidst reports detailing how Chinese citizens were bypassing the cryptocurrency restrictions.
This latest warning comes more than a year when Chinas central bank first released their unprecedented ban on ICOs.
In the notice, the PBoC reminds investors of the illegality of the ICO fundraising model, saying that ICOs are suspected of illegally selling tokens, illegally issuing securities, illegal criminal activities, financial fraud, pyramid schemes and other illegal and criminal activities.
In the official notice, the PBoC also brags about the successfulness of their cryptocurrency ban, which has reduced Yuan trading volume to under 1% of the global trading volume. In addition to reducing cryptocurrency trading volume, the central bank also hails their more recent ICO ban as a success, saying that:
The global share of domestic virtual currency transactions has dropped from the initial 90% to less than 5%, effectively avoiding the virtual currency bubble caused by skyrocketing global virtual currency prices in the second half of last year in Chinas financial market. The impact has been highly recognized by the community.
Since the ban, the government has shut down 88 ICO trading platforms and 85 ICO projects operating in the country or catering to investors based in the country.
Although the ban, which was first announced in September of 2017, has reduced ICO trading volume, Chinese investors are using multiple methods to circumvent the ban. This is mainly through the use of Virtual Private Networks (VPNs) and offshore exchanges with constantly changing domain names.
Some Chinese investors are even turning to peer-to-peer transactions to purchase shares of ICOs, by paying people located in other countries in fiat currency to transfer the tokens.
The regulatory authority notes that they are working tirelessly to stop illegal trading...
Bancor, a decentralized cryptocurrency exchange (DEX) protocol and one of the most popular decentralized applications (dApps) on the Ethereum network, has announced that it will bring trustless token trading to the recently-launched EOS blockchain. Israel-based block producer and Bancor partner LiquidEOS made the announcement which has since been heavily edited on Monday. Funded
The post Ethereum DApp Bancor is Building a Bridge to the EOS Network appeared first on CCN
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