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Wednesday, 13 June

00:16

Bitcoins Price Slides Below $6.5K to Hit 70-Day Low "IndyWatch Feed Crypto"

The purchase price of bitcoin, the worlds largest cryptocurrency by market capitalization, fell to the lowest point since Apr 1 on Tuesday. Bitcoins value slid to $6, 455.92 throughout the mid-day trading session, dropping over $280 in the span of two weeks, based on data in CoinDesks Bitcoin Price Index. This is the lowest figure since the beginning of Apr when the BPI enrolled a low of $6, 443. The charts indicate that the help of $6436 if present levels are broken, the next major support is $6000, borne from the highs out of early Feb of this year.

As of press time, the BPI is reporting a cost of $6, 523.86. As of press time, bitcoin is down 5.82 per cent in the last 24 hours. Further, on the current date basis, bitcoin is reporting a 60 percent depreciation overall. Tuesdays session saw downhill development for other major cryptocurrencies as well. For example, litecoin, the worlds sixth largest cryptocurrency by market capitalization, is currently approaching $98 a price not seen since December of last year. EOS is also down 12 percent on the day, representing a total decrease of 34% since June 4th. In the mean time, the total market capitalization of all cryptocurrencies is just over $280 billion, according to information released by CoinMarketCap. Picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Bitcoin Price Index
strict set of editorial policies

00:00

Wells Fargo Becomes Latest to Ban Credit Card Crypto Purchases "IndyWatch Feed Crypto"

Wells Fargo has announced that it will begin to block all cryptocurrency purchases on credit cards under the Wells Fargo name.

Wells Fargo Imposes Credit Card Restrictions

Despite the ban, Wells Fargo has implied that the ban may only be temporary. To clear up the waters regarding this issue, Shelley Miller, a representative from the financial institution, said:

Wells Fargo will continue to evaluate the issue as the market evolves.

The aforementioned representative from Wells Fargo also said:

Were doing this in order to be consistent across the Wells Fargo enterprise due to the multiple risks associated with this volatile investment. This decision is in line with the overall industry.

In February, Citigroup, JPMorgan Chase and Bank of America were the first banks to impose restrictions on the purchase of cryptocurrencies, due to fears of volatility and high amounts of financial risk. It is surprising to see Wells Fargo make a move many months later, but there is a chance that the company did not take the brunt of financial damage until now.

Wells Fargo is undoubtedly one of the largest financial institutions in the U.S., valued at a staggering $270 billion dollars on the stock market. Seeing such a large financial player restricting its clients from accessing the cryptocurrency market has some worried.

Was This Move Reasonable?

However, others in the community see this move as justified, as credit cards debts have begun to rack-up over the purchase of some cryptocurrencies.

According to a report made by LendEDU, a credit and loan firm, approximately 18% of cryptocurrency investors used credit cards to fund their cryptocurrency buying sprees. However, approximately one-fifth of the aforementioned 18% were not able to pay back their owed balances. 

Although numbers regarding this issue are kept under lock and key, it is likely that some of the debtors owed large sums to their loaners. 

This low rate of debt repayment may have something to do with the declining prices seen with the cryptocurrency market over t...

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Tuesday, 12 June

23:23

New Platform Answers the Question: Who's Really Behind That ICO? "IndyWatch Feed Crypto"

New Platform Answers the Question: Who's Behind That ICO?

With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP). The new project entitled ICO Hub is an algorithmic ICO rating service that adds identity verification as a central rating factor: Hub representatives will now be able to identify ICO project team members and organizers to ensure a platforms authenticity before investors step in.

Launched by LinkedIns original CTO and co-founder Eric Ly, Hub works to establish blockchain histories and reputations by granting users blockchain-specific tokens which they can then add to a platforms reputation data, thereby building its online market presence.

Civic seeks to grant consumers a say in whether their identities are used in real-time by providing low-cost, on-demand and secure identity verification technology that boosts transparency and legitimacy in the crypto space. Civic uses a decentralized structure with biometrics on mobile devices, and provides multi-factor authentication without usernames, passwords, physical tokens or third-party involvement.

ICO Hub is built on a specific rating system. ICOs will ultimately receive trust scores based on the authenticity of their organizers claims and users outcome predictions.

In a statement, founder and CEO Eric Ly explained, At Hub, our objective is to help users develop and manage their reputation data and incentivize meaningful and authentic interactions online through our human trust protocol. Civics secure and private ecosystem that enables decentralized, reusable KYC is a perfect fit, and gives our protocol users another means to bolster their reputation histories.

CTO and co-founder of Civic Jonathan Smith told Bitcoin Magazine that the Wall Street Journal recently analyzed over 1,400 digital coin offerings, and found that roughly 20 percent of them engage in some sort of fraud, from plagiarized investor documents to fake executive teams.

Within the coin offerings analyzed by the Journal, nearly $1 billion was poured into fraudulent investments, and so far, investors have claimed losses of up to $273 million, he states.

Both Civic and Hub believe their collaboration on ICO Hub will contribute to lasting trust in the blockchain space, boost u...

23:19

Founder of Tron Altcoin Justin Sun Takes Over Bittorrent Inc "IndyWatch Feed Crypto"

Founder of Tron Altcoin Justin Sun Takes Over Bittorrent Inc

Justin Sun, the founder of decentralized web altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol.

Also Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR

TRX Founder Buys Bittorrent

Founder of Tron Altcoin Justin Sun Takes Over Bittorrent IncJustin Sun, a former Chief Representative of the Greater China Region for Ripple, closed an acquisition deal for Bittorrent last week and employees have been notified but asked not to talk about it with the media, Variety has now reported, ending weeks of speculation. The financial details of the deal werent made publicly available a...

23:15

Twitter Reacts to Coinbase's Surprise Ethereum Classic News "IndyWatch Feed Crypto"

Some members of the crypto community were surprised Tuesday when the U.S.-based exchange startup Coinbase announced that it plans to list ETC.

23:05

Bitcoin Price Analysis: Breakdown of Consolidation Tests Bullish Resolve "IndyWatch Feed Crypto"

Bitcoin Price Analysis

In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a symmetrical triangle. A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern. Until this weekend, the market hadnt decided whether it was going to break up or break down out of the pattern. Over the weekend, the bitcoin market saw a very strong push on very high volume through the bottom support of the triangle:

fig 1Figure 1: BTC-USD, 12-Hour Candles, Symmetrical Triangle Breakdown

The implications of this consolidation pattern breaking down have potentially devastating ramifications for the crypto market across the board. With patterns like a symmetrical triangle, there is a measured move that will give insight into a potential price target that will play out upon the breakout. In our case the measured move is a staggering $5,500 move. If the triangle had broken to the top, we could have expected to see a $5,500 move to the top. However, since we broke to the bottom of this pattern, we could potentially be heading for prices ranging from $1,500 - $3,000. Whether that target becomes fully realized remains to be seen, but those prices are not out of the question.

When we look at current support levels that may impede the downward motion, a few tests need to be broken before the full-fledged bearish pressure really begins to manifest in the market.

Our previous low at $6,450 was the lower boundary of an accumulation trading range that caused the market to make a very sizeable rally, testing the $10,000 range. Breaking this price level would undoubtedly send a cascade of stop-market orders, as this is a line-in-the-sand-type of price level: Its where the bears previously decided they would no longer sell below that range and where the bulls decided it was a good entry point for long positions.

If the $6,450 price levels fail to hold up the market, the next immediate test will be the v-bottom we saw back in February that tested the lower $6,000s. There was a very high level of buyer interest at that level, and it was a level where aggressive short sellers covered and caused a rally. If we manage to break that level, we enter a high likelihood of deeper tests of market support where we will need to zoom out even further on our market vi...

23:00

Financial Crime Watchdog FAFT to Consider Cryptocurrency Regulations This Month "IndyWatch Feed Crypto"

The international financial crime watchdog, the Financial Action Task Force (FATF), will hold discussions later this month to develop rules for governing cryptocurrency exchanges. It will primarily make sure effective countermeasures are in place to prevent money laundering and terrorist funding, according to a Japanese government official familiar with the matter.

FAFT to Develop Binding Cryptocurrency Guidelines

The push to develop these rules comes after financial policymakers from the worlds top 20 economies (G20) called for regulators to monitor cryptocurrencies in March. Under the current guidelines, which were established in June 2015 and are non-binding, cryptocurrency exchanges must be registered or licensed and must verify customers identities to prevent money laundering. Suspicious trading is also supposed to be reported.

The FATF discussions beginning June 24 will look at whether those rules are still appropriate, how they can be applied to new exchanges, and how to work with countries that have moved to ban cryptocurrency trading, according to an official who spoke on the condition of anonymity, report Reuters.

FAFT is a Paris-based group of 37 countries as well as two organizations (the European Commission and the Gulf Cooperation Council). The intergovernmental organization was established to create policies to combat money laundering and terrorism financing. Its members include China, South Korea, South Africa, Argentina, India, and others. Most of these counties are major markets for cryptocurrencies and associated blockchain technology.

Earlier this year, an official who was present at the meeting in March described the moves as follows:

FAFT discussed the need to revise its own international standards along with the revision of the virtual currency guideline created on June 2015 and agreed to present the report to the G20 finance ministers during the meeting in March.

Following the Lead of Japan and/or South Korea

...

22:18

Indias Central Bank Stays Mum on Crypto Ban Reasoning "IndyWatch Feed Crypto"

The Reserve Bank of India has responded to a question about the reason why it moved to prevent banks to deal with cryptocurrency companies earlier this season but the reply isnt very telling. Shri Varun Sethi, who presents himself as a blockchain attorney, asked clarifications from the RBI within the nations Right to Information Act. In accordance with the answers provided, the decision did not result from any type of special research or deliberation by the regulator. For instance, officials help no when asked if the main bank had convened a commission to explore the nature and dangers of blockchain tech.

And although previous publications from RBI reference reports concerning the use of cryptocurrencies for illegal applications, the main bank declined to determine which ones it pointed to. It also refused to clarify if there werent any specialist opinions solicited on the topic, if the RBI had accumulated any info on present cryptocurrency exchanges in India and whether officials made any attempt to draft a framework for dealing with cryptocurrencies inside the national banking system. To all of these questions, the bank replied that this info isnt covered under the Right to Information Act and consequently, it didnt need to supply an answer.

The most recent twist comes months following main bank officials in India explained that the companies that it regulates cannot deal with cryptocurrencies. A controversial announcement has since sparked a number of legal challenges that have made their way to the nations Supreme Court. RBI said at that time that entities regulated by RBI wont deal with or provide services to any person or businesses dealing with or settling. Regulated entities that already offer such services shall exit the relationship within a predetermined time. 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
blockchain lawyer
answers
cant deal with cryptocurrencies
strict set of editorial policies

22:16

Congressional Bill Calls for Study of Crypto Use in Sex Trafficking "IndyWatch Feed Crypto"

Congress is set to consider yet another proposed mandate for a cryptocurrency study, this time in the region of sex trafficking. The House of Representatives Financial Services Committee is introducing a brand new bill today that, if passed and signed into law, will require the director of the Government Accountability Office to open an investigation into how virtual currency and on-line marketplaces have been utilized to purchase, sell, or facilitate the financing of goods or services associated with sex trafficking or drug trafficking, as well as for other purposes. . Based on a memorandum dated 11 June 2018, U.S. Congressman Juan Vargas penned the Fight Illicit Network and Detect Trafficking Act so as to improve the efforts of Federal agencies to impede the usage of virtual currency and on-line marketplaces in easing sex and drug trafficking. .

This isnt the first bill introduced beneath the Trump presidency that targets illegal sex trafficking online. Back in Feb, a controversial bill bundle known as FOSTA SESTA was passed from the US House of Representatives, which effectively prohibited on-line forums from posting advertisements for sex workers. The proposed FIND Trafficking Act would establish a review in cryptocurrencies and their function in possibly enabling the attempts of sex traffickers. For workers in the controlled adult entertainment business, cryptocurrencies are playing an increasingly larger role as an alternate method of payment. As previously reported, several sex workers have started to use bitcoin not only as a transactional currency, but as a protected international store of value, by which they may maintain their retirement savings.

Furthermore, companies like Vice Industry Tokens that issues its own form of cryptocurrency to pull pornography viewers and stars have been gaining ground developing partnerships with Playboy Television and more lately, HoloGirlsVR, the premier supplier of virtual reality adult content. But with the latest passing of FOSTA SESTA, platforms like VIT are at risk of violating laws in the event the systems content or actions of its users encourage paid sex work in any way. The consequences of the study proposed in the bill introduced at Congress will be strongly based on the outcoming report set to be filed one year after enactment to the Committee on Banking, Housing and Urban Affairs. 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
memorandum...

22:11

Newsflash: Ethereum Price Dips Below $500 as Bitcoin Nears Year-to-Date Low "IndyWatch Feed Crypto"

The cryptocurrency market took another downward turn on Tuesday, driving the ethereum price below $500 and the bitcoin price one step closer to its year-to-date low. The majority of large cryptocurrencies had entered the day on a slight upswing, enabling them to regain a small amount of the ground that they lost when Bloody Sunday

The post Newsflash: Ethereum Price Dips Below $500 as Bitcoin Nears Year-to-Date Low appeared first on CCN

22:08

Bitcoin's Price Slides Below $6.5K to Hit 70-Day Low "IndyWatch Feed Crypto"

The price of bitcoin, the world's largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday.

22:00

Japanese Police Investigates Individuals Alleged to be Involved with Cryptojacking "IndyWatch Feed Crypto"

Authorities in Japan are investigating a number individuals who are alleged to have duped website visitors into mining cryptocurrency for them without their permission. If charges are pressed, it will be the first time that cryptojacking has become a criminal case in the nation.

CoinHive Uses the Computers of Others to Mine Cryptocurrency

The law that the individuals are thought to be in breach of bans the use of computer viruses in Japan. The investigation is being carried out by multiple police departments in the nation. These include Kanagawa, Chiba, and Tochigi.

According to local news source Mainichi, the people involved in the suspected cryptojacking created their websites last autumn. When visiting these sites, a piece of software was downloaded onto the visitors computers. This was then used to mine the cryptocurrency Monero for the creators of the site and the developers of the software.

The software itself is known as CoinHive. Those who create websites that host CoinHive take 70% of the revenue generated. Meanwhile, the developers who created the software take the remaining 30%. This means that the owners of the computer systems being used to mine the currency dont benefit at all from their processors being used in such a way. Users of exploited machines may experience their systems responding more slowly than usual or using additional electricity. It can also degrade batteries much quicker than their expected shelf life.

There have been examples of websites using the CoinHive software in a way that isnt malicious. If clearly mentioned somewhere on the page, the authorities do not consider it a breach of existing legislation. Some publishers of content argue that CoinHive provides a way to monetise a page without relying on advertisers to fund content creation. It is specifically cases in which the software has been used without the consent of the computers owners that is thought to be illegal in Japan. This is because systems have been forced to behave in a way that was not the intention of their owners.

There have even been cases where similar software has been used for good. In April, we reported on a project by childrens charity UNICEF. Their HopePage was designed to be open by charitable browsers whilst they were using the internet. The visitors could start the software mining Monero and designate as much or as little of their c...

21:52

Colombian Banks Shut Down Buda Crypto Exchange Accounts "IndyWatch Feed Crypto"

Colombian banks have closed all accounts of the South African cryptocrat exchange office Buda.com without warning or explanation. The company has experienced a similar dilemma in Chile a few months ago, where several banks chose to close its account along with those of other exchanges. According to local news, the movement from Colombian banks were unexpected, and the banks did not disclose the reasons for closing accounts. Buda.com sent an e-mail to its clients where it stated that the issues it was facing that were affecting withdrawals. The exchange said the closure of its accounts was abrupt that impacts the operations of the company and its customers seeking to access their capital from Colombian pesos.

Buda.com CEO Alejandro Beltr, n said the closed accounts were domiciled with Bancolombia, BBVA and Davivienda. Buda.com started noticing irregularities on the Bancolombia platform before banking officials told the exchange its account had been closed. The move by the banks could be linked to an internal circular from a Colombian financial manager, in which banks have been advised not to interact with crypto platforms. Beltr, n, however, believes the circular is a recommendation to the banks, not an arrangement. Other major trades like BitINKA and Panda Exchange have not reported any problems with banks. The day before the banks closed Buda.coms accounts, the Colombian Senate held a session on the capacity of both cryptocurrency and blockchain technology. Senator Navarro Wolff, who convened the Third Senate Committee, stated that blockchain technology may be helpful to the nation in the regions of finance, electoral systems and management of public contracts.

However, Wolff also stipulated, Regulation is needed to defend the consumer and the user.

Sources:
bitcoinmagazine.com
Buda.com
months
local news
noticing
circular
session

21:45

Fidelity is Looking for a New Fund Manager to Run Cryptocurrency Fund "IndyWatch Feed Crypto"

Fidelity Investments has reportedly paused operations with its much-celebrated cryptocurrency fund after the reported departures of key members. Fidelity launched a cryptocurrency-focussed investment fund in 2017. The firm made use of extra funds, after a careful settlement of the balance sheet, to invest in the high-risk, high-return asset class. However, a report on June 9, 2018,

The post Fidelity is Looking for a New Fund Manager to Run Cryptocurrency Fund appeared first on CCN

21:40

Satoshis Place Is the New Battleground for Bitcoin Core and Cash Supporters "IndyWatch Feed Crypto"

Satoshis Place Is the New Battleground for Bitcoin Core and Cash Supporters

There arent many things that bitcoin core and bitcoin cash supporters can agree on. If the two camps were a couple, they could reasonably be described as having irreconcilable differences. When Satoshis Place, a virtual graffiti wall powered by the Lightning Network (LN) sprang up, it was inevitable that the BTC and BCH factions would grab their spray cans and start a turf war. The results are amusing to say the least.

Also read: Twitter Experience Worsens, Ether Fake Giveaways Taking Over

Phalluses, Blasphemy, and Crypto Memes

Welcome to Satoshis Place, an ephemeral art wall where anyone can pay a satoshi for a pixel using the Lightning Network, BTCs much-vaunted and controversial layer two scaling solution. For next to nothing, anyone with an LN connection can bedaub slogans on the virtual wall, but theres a catch the artwork will only remain for as long as it takes for the next buyer to overwrite it. Its a simple concept, but one that has set the stage for a series of epic battles between BTC and BCH supporters.

Much like the long-running feud between the Montagues and Capulets in Romeo & Juliet, the origins of the BTC/BCH beef have been lost to the mists of time. Ostensibly its about scaling (BCH supporters prefer on-chain scaling and bitcoin as a medium of exchange rather than store of value while BTC propone...

21:32

South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform "IndyWatch Feed Crypto"

South Koreas commercial banking group to launch a blockchain-based customer ID verification platform in July

21:04

Blockchain Startup VeChain and Deutsche Bahn Develop DApp for Chinas Logistics Industry "IndyWatch Feed Crypto"

Blockchain startup VeChain and the logistics arm of Deutsche Bahn have co-developed a new DApp for Chinas logistics industry

21:02

Colombian Banks Shut Down Buda Crypto Exchange Accounts "IndyWatch Feed Crypto"

Colombian Banks Shut Down Buda Crypto Exchange Accounts

Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com without warning or explanation.

The company experienced a similar issue in Chile some months back, where several banks decided to close its account along with those of several other exchanges.

According to local news, the move by the Colombian banks was unexpected, and the banks didnt disclose why it was closing the accounts. Buda.com sent an email to its customers where it explained the problems it was facing which were affecting withdrawals.

The exchange said the closure of its accounts was sudden which affects the companys operations and its users seeking to access their funds in Colombian pesos.

Buda.com CEO Alejandro Beltrn said the closed accounts were domiciled with Bancolombia, BBVA and Davivienda.

Buda.com started noticing irregularities on the Bancolombia platform before bank officials told the exchange its account had been closed.

The move by the banks might be linked to an internal circular from the Colombian Financial Superintendent wherein banks were advised not to interact with crypto platforms.

Beltrn, however, believes the circular was a recommendation to the banks, not an order.

Other Colombian exchanges such as BitINKA and Panda Exchange haven't reported any issues with the banks.

A day before the banks closed Buda.com's accounts, the Colombian Senate held a session on the potential of cryptocurrency and blockchain technology.

Senator Navarro Wolff, who convened the Third Senate Committee, stated that blockchain technology can be beneficial to the country in the areas of finance, electoral systems and management o...

21:00

Apple Prohibits Crypto Mining in Apps with New Guidelines "IndyWatch Feed Crypto"

As crypto mining through apps becomes more prevalent Mac has had to address it in the release of their new guidelines.

Mac Prohibits App Mining in New Guidelines

Crypto mining is way up in 2018 with a reported 4000% increase in Q1. Most of the of the drive by mining malware and techniques can be found on Android and PCs. However, a program called mshelper was found earlier this year which was sucking up processing power and overheating fans and batteries on Mac devices as it surreptitiously mined Monero in the background.

Apple has taken steps to protect its products from malicious mining practices by adding new rules to its developer guidelines so that they now explicitly prohibit malware mining in the background of Mac and iOS Apps as reported by Mashable.

The company had previously included language that inferred the prohibition, saying it was  unacceptable for products offered in the App store to enable monetizing built-in capabilities provided by the hardware or operating system. The new guidelines specifically identify crypto mining in their description of what is unacceptable, stating:

Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources. Apps, including any third party advertisements displayed within them, may not run unrelated background processes, such as cryptocurrency mining.

The company has said that the goal is to protect users of Apple Mac products from undue strain on computing power and wear on batteries. Though malicious mining software hasnt been as big of a problem for Mac and iPhones as it has for its competitors, a calendar app created by Qbix was removed from the App store after it was found to be mining coins on devices even when they were shut down.

20:52

Why Coinbase Added Ethereum Classic Ahead of Ripple & Other Tokens "IndyWatch Feed Crypto"

Coinbase, the biggest cryptocurrency exchange, brokerage, and wallet based in the US, integrated Ethereum Classic on June 12 ahead of other major cryptocurrencies such as Ripple and EOS. The community was taken aback by the abrupt decision of Coinbase to add ETC to its platform, given that it is the 18th most valuable cryptocurrency in

The post Why Coinbase Added Ethereum Classic Ahead of Ripple & Other Tokens appeared first on CCN

20:35

Congressional Bill Calls for Study of Crypto Use in Sex Trafficking "IndyWatch Feed Crypto"

The House of Financial Services Committee is introducing a bill that would launch an investigation into how cryptocurrencies enable sex trafficking.

20:34

Cryptocurrency Does Not Threaten Financial Stability, Says German Government "IndyWatch Feed Crypto"

The German Federal Government says crypto doesnt threaten financial stability, but calls for international regulation of the crypto sphere

20:17

UN Trade Body Examines Blockchains Potential in Supply Chains "IndyWatch Feed Crypto"

A United Nations body that facilitates international trade is examining blockchain and smart contracts to see whether they could play a part in its mission. To that end, the UN Center for Trade Facilitation and Electronic Business has only released a white paper now available for public review which studies the nascent technology to see whether it gives benefits that could affect its work or that of companies and organizations. With developing standards for trade facilitation and supply chain automation already a core part of its remit, UN/CEFACT focuses on the wise contract, electronic notary public and decentralised process co-ordination features of blockchain, as opposed to its role in powering cryptocurrencies.

It further eyes the technician as a possible way to further move away from traditional paper based processes and to remove the need for trust in systems like the ones used to manage supply chains. Inside the supply chain industry, a number of forms of data may be efficiently transmitted over blockchains, in accordance with the newspaper, such as insurance, billing, dispatch and shipping, and bills of lading. It adds that spread ledgers run by regulators can also store licenses and declarations. Whilst the organization may see apparent value and use cases for blockchain technology, it sees problems too. Blockchain technology doesnt address the interoperability issue that UN/CEFACT standards have always supported, the newspaper states.

In addition, different blockchains are far from equivalent with regards to the amount of confidence that participants should place inside them. . Nevertheless, the papers writers also see a possibility for the organization to help explain this possible deluge of data, saying theres a chance for UN/CEFACT to leverage its existing semantics standards . While blockchain, along with other technologies such as IoT, may contribute to increased supply chain efficiency, the newspaper indicates that the more work is required to fully ascertain their possible in easing trade mechanics. It might be very useful for developing a conceptual model of the international supply chain that shows the part of every technology inside a broader map of stakeholders, services, and standards, in accordance with the writers.

In addition, the document identifies the gaps that the bureau is uniquely positioned to fulfill . The writers go on to imply that UN/CEFACT work with national delegations and experts and form working groups to develop new technical specifications around the technology. Supply chain 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.

...

20:16

Apple Blocks Crypto Mining Apps On Its Products "IndyWatch Feed Crypto"

Apple moved to put an end to all crypto mining programs which may be utilized on its own mobile products. In a recent upgrade, the personal computing firm expanded its initial instructions on cryptocurrencies. Before, the guidelines given apps easing cryptocurrency exchange and/or initial coin offerings must adhere to all applicable federal and state legislation. Now, the instructions define more than that. In five bullet points, the guidelines run via Apples policy on pockets, mining, exchanges, ICO, and rewards which take the kind of cryptocurrency. Most noteworthy among them: the updated policy bar all programs used on an Apple merchandise from mining to get cryptocurrencies unless done off device.

The reasoning behind this change appears to be connected to Apples policies on hardware compatibility, in which it reads. Design your program to use power efficiently. Programs shouldnt rapidly drain battery, generate heat, or place pointless strain on device resources. Programs, including any 3rd party ads displayed in them, might not conduct unrelated background processes, like cryptocurrency mining. . Nevertheless, as previously mentioned, comparison of energy consumption as it pertains to mining efficacy are evolving in light of expanding capabilities -thus raising concern over the precedent that this prohibition puts for present and future mining activity. The upgrades to Apples official policy on cryptocurrency also come in the light of the preventive measures taken by the business in previous years to clamp down on program development easing cryptocurrency trade.

Back in the year 2014, Apple pulled a program by Blockchain which was geared towards bitcoin trading and storage on Apple devices. The year before, another bitcoin wallet program by a cryptocurrency exchange firm known as Coinbase was also de recorded. Programs for all these startups have since returned to Apples online store. IPhone 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
update
Before
mining
reported
Blockchain
...

20:00

Co-Founder of Ethereum: Blockchain Will be More Disruptive Than Dotcom Bubble "IndyWatch Feed Crypto"

Joseph Lubin spoke at length earlier today about the disruptive potential of blockchain technology. The co-founder of the Ethereum network and blockchain software company ConsenSys was speaking at the MoneyConf in Dublin, the city his company has chosen to open a new office.

Lubin: Blockchain Will Be Orders of Magnitude More Disruptive Than the Internet

To promote the new ConsenSys offices in Dublin, Lubin addressed the financial conference on Tuesday according to Business Insider. There, he spoke about his interpretation of the future of blockchain. He told his audience:

This technology is so profound, its going to do so many amazing things for economic, social, and political systems worldwide Weve really no concern that the ecosystem or the technology is in real danger.

The software developer went on to compare what was happening in the blockchain space with that of the dotcom boom. He acknowledged that there was a lot of money invested in various projects back then and this led to many people making and losing funds as different ideas proved successful or otherwise.

The Ethereum co-founder also stated that he felt that the innovative technology behind Bitcoin and other cryptocurrencies had the potential to change the world just like the internet has done. He continued:

There was a tremendous amount of creative destruction in the dotcom era that laid the foundation and taught all of us how to build an effective internet, an effective world wide web, and really transform society. I think that we will see dynamics like that in place in the blockchain space.

Later in his presentation, Lubin stated that he felt that the U.S. Securities and Exchange Commission (SEC) were right to be taking a hard stance against fraudulent projects like that promoted by heavyweight boxer Floyd Mayweather. Also according to him, such scams do not impact upon the likelihood of the cryptocurrency industry being a success.

Lubin put down the number of bad actors in the cryptocurrency space to the nature of human activ...

19:58

Reserve Bank of India Admits Issuing Crypto Ban Without Research "IndyWatch Feed Crypto"

Reserve Bank of India Admits Issuing Crypto Ban Without Research

RBI, the central bank of India, has not made a proper effort to thoroughly research the nature and usage of cryptocurrencies before issuing its crypto ban. This is according to a reply sent by the bank to a Right to Information query filed by a lawyer. Copies of the communication have been distributed on social media and published by local crypto outlets.

Also read: Pakistanis Find Ways to Trade Bitcoin Rendering Ban Ineffective

The Right to Know Why

On April 5 of this year, Indias central bank issued a controversial decree directing all regulated financial institutions to quit providing services to businesses dealing in cryptocurrencies such as bitcoin, giving banks three months to comply. The move was formally motivated by the need to protect consumers and prevent money laundering. The Reserve Bank of India (RBI) also announced the formation of a working group to study the feasibility of issuing a state-backed cryptocurrency.

This week, however, it became evident that the RBI has not made any serious effort to thoroughly study and understand the nature, principles, and usage of cryptocurrencies before issuing the ban. No internal committee had been formed to investigate the purported risks associated with trading digital coins and no officer or team of experts had been tasked to produce a substantiated decision. Indian exchanges and individual traders w...

19:50

What Do We Know About Valerie Szczepanik, the First Crypto Czar "IndyWatch Feed Crypto"

The new crypto czars earlier comments also reveal that she is not a big fan of prescriptive guidance

19:49

Mysterious Estonian Mining Firm Files to Hold $180 Million ICO "IndyWatch Feed Crypto"

A mysterious startup based out of Estonia has filed with the US Securities and Exchange Commission to inform the agency that it intends to raise nearly $200 million through an initial coin offering (ICO). According to public documents filed earlier this month, the firm NewTech Myning OU hopes to raise as much as

The post Mysterious Estonian Mining Firm Files to Hold $180 Million ICO appeared first on CCN

19:30

India's Central Bank Stays Mum on Crypto Ban Reasoning "IndyWatch Feed Crypto"

The RBI has responded to a query about why it moved to block banks from dealing with crypto businesses earlier this year.

18:52

Cryptocurrency Market Inches Near $300 Billion in Gloomy Outlook "IndyWatch Feed Crypto"

The cryptocurrency market has slightly rebounded by about 2 percent, from $290 to $296 billion, as major cryptocurrencies like Bitcoin and Ethereum increased by 1 to 3 percent in value. Still, the market is demonstrating a bearish trend and shorts on exchanges like Bitfinex have surged by large margins over the past week. Bear Cycle

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18:16

Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges "IndyWatch Feed Crypto"

The Financial Action Task Force, an intergovernmental organization that develops policies to tackle money laundering, is planning to develop binding rules for the planets cryptocurrency markets, a report indicates. Based on a Reuters report on Tuesdayan unnamed Japanese government official stated that the team intends to hold talks around the subject beginning on June 24. The movement was apparently initiated by calls for a worldwide coordinated coverage on cryptocurrencies from the entire worlds economic leaders in meeting of the Group of Twenty in March. Although current non binding guidelines imply some money laundering controls for the industry like that trades should be enrolled, questionable activity reported and clients verified its presently at different countries discretion as to whether and how theyre implemented.

The FATF talks, in accordance with the report, will also look at the effectiveness of the present principles, their application to new trades and how all new system will work with countries that have prohibited crypto trading. Japan that passed a law in Apr 2017 recognizing cryptocurrencies as a lawful method of repayment and also set up a registration system for cryptocurrency trades will take over direction of the G20 in 2020. Reuters cites the official as saying the nations government plans to push binding rules for crypto trades by 2019 or sooner if possible. In meeting of the Group of Twenty in March, member countries present agreed that problems with cryptocurrencies must be analyzed, but that more info was necessary before any regulation might be suggested.

Consequently a deadline was established in July for recommendations on what information is necessary. Further, in a report on the G20 the exact same month, another intergovernmental body, the Organization for Economic Co operation and Development, called for cooperation on analyzing the taxation implications of cryptocurrencies. Bitcoin along with fiat currencies picture via Shutterstock. A 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
report
G20 meeting in March
passed a law
deadline...

18:10

Apple Blocks Crypto Mining Apps On Its Products "IndyWatch Feed Crypto"

In a recent update, Apple expanded their initial guidelines on cryptocurrencies to include policies on wallets, mining, exchanges, ICOs, and more.

18:09

LA Trader Faces Prosecution for Illegal Bitcoin-Fiat Exchange "IndyWatch Feed Crypto"

An LA woman known as Bitcoin Maven faces prosecution for allegedly running an unregistered multimillion dollar Bitcoin-fiat money transmitting business

17:40

Korean Firm Keypair Launches Credit Card-Shaped NFC Hardware Wallet "IndyWatch Feed Crypto"

Korean Firm Keypair Launches Credit Card Shaped NFC Hardware Wallet

A new hardware wallet has been launched by the South Korean financial tech firm Keypair. The companys Keywallet Touch has an interesting design as its shaped like a credit card and utilizes NFC technology. The company says the devices smart card chipset supports cryptocurrencies like bitcoin cash, ethereum, bitcoin core and litecoin, while also providing FIDO Universal 2nd Factor Authentication (U2F).

Also read: Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet

South Korean Firm Keypair Launches Keywallet Touch Hardware Wallet  

Theres been a slew of new cryptocurrency hardware wallets coming into the ecosystem and the South Korean company Keypair has launched a new model. This past March news.Bitcoin.com reported the firms previous design, the Keywallet Classic, and a few new hardware wallet manufacturers stemming from South Korea as demand for the devices has grown exponentially in that region. The Keywallet Classic debuted this January at the CES Electronics Show and the product has also been selling on Ebay. The companys latest device the Keywallet Touch is a hardware wallet shaped like a credit card, similar to the Coolwallet device...

17:39

Female Cryptocurrency Investors Doubled in Six Months: UK Exchange Research "IndyWatch Feed Crypto"

The London Block Exchange recently carried out a market research and found out one in eight women would consider investing in a cryptocurrency almost 13%, compared to the 6% at the end of last year. The research also concluded those numbers rise when considering only millennials. Among this generation, one in five is likely

The post Female Cryptocurrency Investors Doubled in Six Months: UK Exchange Research appeared first on CCN

17:35

UN Trade Body Examines Blockchain's Potential in Supply Chains "IndyWatch Feed Crypto"

A United Nations body that facilitates global trade is examining blockchain and smart contracts to see if they could play a role in its mission.

17:34

Crypto Mining Firm Argo Set to Become London Stock Exchanges First Blockchain Listing "IndyWatch Feed Crypto"

Crypto mining company Argo set to become first blockchain firm to list on London Stock Exchange

17:04

Blockchain to Transform Real Estate "IndyWatch Feed Crypto"

Blockchain technology is transforming real estate investment.

16:34

Former FDIC Chair Urges Fed to Consider Issuing Central Bank Digital Currency "IndyWatch Feed Crypto"

Sheila Bair, a former chair of the Federal Deposit and Insurance Corporation in the U.S., thinks the U.S. Federal Reserve Bank should seriously consider issuing a digital currency to reduce the risk of a financial crisis and improve monetary policy. Writing in Yahoo Finance, she noted that market volatility continues to shake confidence in banking

The post Former FDIC Chair Urges Fed to Consider Issuing Central Bank Digital Currency appeared first on CCN

16:02

SEC Chairman: Tokens are Not Exempt From Regulation, Expresses Discomfort "IndyWatch Feed Crypto"

Government agencies all over the world scrutinize ICOs and their associated tokens. The SEC is an excellent example of the most recent developments taking place. Chairman Jay Clayton is seemingly convinced all tokens will be subject to regulation. That may prove impossible to enforce.

Jay Clayton has a Unique View

SEC Chairman Jay Clayton wants to regulate all tokens in the cryptocurrency industry. In his opinion, any security labeling itself as a token will be scrutinized quite significantly. That in itself is not necessarily bad,  as a lot of tokens are effectively securities first and foremost. As such, they need to be treated as such and be subjected to the existing financial regulation.

Moreover, the SEC has cracked down on a few of these securities already. Centra, for example, tried to label its tokens as a utility token, even though it clearly wasnt As such, the SEC has put this project on its radar, which had all sorts of consequences. It is this approach James Clayton seems to advocate for, which can only be considered to be a good thing.

...

15:25

Money-Laundering Task Force Wants Binding Rules for Crypto Exchanges "IndyWatch Feed Crypto"

The Financial Action Task Force reportedly aims to develop compulsory rules for the world's cryptocurrency exchanges.

15:24

Regulations Round-Up: SEC Underwhelmed by Exchanges Reporting, Quebec Halts New Mining Operations Again "IndyWatch Feed Crypto"

Regulations Round-Up: SEC

In recent regulatory news, Brett Redfearn, the director of the United States Securities and Exchange Commission (SEC)s Division of Trading and Markets, has described the self-reporting efforts of cryptocurrency exchanges as underwhelm[ing], Hydro-Quebec has again suspended new applications from mining companies seeking to operate in the province, and the SEC has published a new page on its website encouraging consumers to Get hip to the three Rs of ICOs: Risks, Rewards, and Responsibilities.

Also Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR

SEC Director Underwhelmed by Self-Reporting Among Crypto Exchanges

Regulations Round-Up: SEC Bre...

15:22

Ethereum Classic Price Soars 20 Percent after Coinbase Teases ETC Listing "IndyWatch Feed Crypto"

The ethereum classic price rose by more than 20 percent after US cryptocurrency exchange operator Coinbase announced that it would begin rolling out ETC support later this year. Coinbase to List Ethereum Classic (ETC) Coinbase announced on Monday that ethereum classic would become the fifth cryptoasset to be listed on the firms platforms, joining bitcoin,

The post Ethereum Classic Price Soars 20 Percent after Coinbase Teases ETC Listing appeared first on CCN

15:06

NEO: Market Report, by eToro "IndyWatch Feed Crypto"

Summary

NEO, frequently nicknamed within the cryptocurrency community as The One,Ethereum killer or Chinese Ethereum, is a blockchain platform that implements digital assets, dApps and smart contracts, and tries to solve some scalability and regulatory issues of its competitors. With strong partnerships and support from the Asian cryptocurrency community, NEO is one of the most promising currencies in the crypto-assets space, with the ambitious goal of becoming the main smart economy of the world during the next few years.

A word to the wise. All cryptocurrencies, including NEO, are still largely considered to be in the experimental stage and as such should be treated as high-risk assets. In any investment account, high-risk assets should only represent a small portion of your overall portfolio. That said, we hope you enjoy this market analysis. Feel free to contact us with any questions or feedback.

-Mati Greenspan, Senior Market Analyst @eToro

History

NEO was introduced in 2014 under the name Antshares by China-based company Onchain, a blockchain-specialized company founded in 2014 by Da Hongfei and Erik Zhang. Two crowdsales in late 2015 provided the founding for the project. On these crowdsales, 17.5 million and 22.5 million NEO were sold for $550,000 and $4.5 million, respectively.

On 22nd June 2017, in an event at the Microsoft Headquarters in Beijing, the re-branding process from Antshares to NEO took place, what vastly increased the renown of the project that was soon to become one of the most prominent projects in the whole cryptocurrency sphere.

Basic stats

  • Crypto-asset type: Utility
  • Maximum supply: 100,000,000 NEO
  • Circulating supply: 65,000,000 NEO
  • Market Capitalization: $3.1 bn
  • Inflationary cryptocurrency
    • Non-circulating supply p...

14:32

Russian Govt, Corporate Giants Form Joint Venture to Develop in Blockchain, IoT "IndyWatch Feed Crypto"

Russia: state-owned Gazprombank and several other corporate giants have created a $450 mln venture planning projects in blockchain, IoT development

14:16

Kakao, Korean Government Plan to Solve Social Problems with Blockchain "IndyWatch Feed Crypto"

GroundX, the blockchain subsidiary of the Korean messaging giant Kakao, has declared its going to work with a government supported agency to develop blockchain projects focused on the social and the public providers. Based on A report from CoinDesk Korea on Monday, Lee Jong Gun that joined GroundX from the UN large data initiative last month declared the collaboration throughout the companys Blockchain for Social Impact event. For the effort, GroundX will work with the Seoul Digital Foundation, an organization created by the Seoul Metropolitan Government in 2016 to advance digitization of the towns infrastructure. While Kakao didnt provide details of projects which may be developed as part of the initiative, Lee has presented several cases where a blockchain has been used to resolve social issues, like monitoring the temperature throughout the distribution of heat sensitive pathogens in developing nations.

In the event, nevertheless, Han Jae sung, Chief executive officer of Groundex, cautioned that blockchain isnt a panacea and projects will probably adopt a hybrid approach, with only the vital parts being put on a blockchain, whilst the rest will still reside on legacy systems. The development process will begin from the second 50% of this season, he added. The statement Comes only months after Kakao launched its committed blockchain subsidiary GroundX in March, with plans to make its own blockchain platform at the end of this season. Kakaotalk image via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
report
launched
plans
Kakaotalk
strict set of editorial policies

14:10

War On Cryptocurrencies: Wells Fargo, J.P. Morgan Chase, Bank of America, Citigroup And Capital One Have Banned Their Customers From Buying Bitcoin With Credit Cards "IndyWatch Feed Crypto"

War On Cryptocurrencies: Wells Fargo, J.P. Morgan Chase, Bank of America, Citigroup And Capital One Have Banned Their Customers From Buying Bitcoin With Credit Cards by Michael Snyder The Economic Collapse Blog TDC Note Just so were clear....

The post War On Cryptocurrencies: Wells Fargo, J.P. Morgan Chase, Bank of America, Citigroup And Capital One Have Banned Their Customers From Buying Bitcoin With Credit Cards appeared first on The Daily Coin.

14:10

New ccminer 2.2.6 Tpruvot Fork with PHI2 and Allium Support "IndyWatch Feed Crypto"

On a side note, Mining Rig Rentals has also just added support for people willing to buy or sell their PHI2 mining hahsrate. So if you need more PHI2 mining power or want to sell your hashrate instead, then you might want to check it out as well. There are still just a few rigs available, but with demand there should be more appearing and if there is demand you can also make some extra profit leasing your rig(s) as well.

To download and try the latest ccminer v2.2.6 Windows 64-bit binary

14:00

Forget Prices, Ethereum Is Offering a Different Value in Afghanistan "IndyWatch Feed Crypto"

According to Fereshteh Forough, the founder of Code To Inspire, ether bounties can be a tool for teaching Afghan women about financial empowerment.

13:56

Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications "IndyWatch Feed Crypto"

The Abu Dhabi Securities Exchange has inked a partnership with Equifax, a UK-based fintech company that provides blockchain technology services for capital markets. Equichain will be advising ADX on the best way to use new technologies including blockchain to increase the operational efficiency of the exchange in terms of transaction speed and security. ADX Chief

The post Abu Dhabi Securities Exchange Partners UK FinTech for Blockchain Applications appeared first on CCN

13:32

IMF Chief Says Global Economic Outlook is Worsening, Optimism Towards Cryptocurrency "IndyWatch Feed Crypto"

The financial system is still under a lot of pressure. Since the financial crisis of 2008, very little has changed to alleviate existing concerns. IMF chief Christine Lagarde acknowledges the global economy is not in the best of places right now. Additionally, she remains optimistic about the future of various cryptocurrencies.

The Global Economy is in Bad Shape

The 2008 economic crisis has shown the world how fragile the global economy really is. No country has been spared from the proverbial onslaught at that time. Ten years later, a lot of countries are still recovering from those setbacks. It seems as if the situation only grows worse as more time progresses. The recent development between the G7 and President Trump further confirms the situation isnt evolving in a positive direction.

The G7 setback can turn out to be rather problematic. During the latest meeting, the objective was to create a free, fair, and mutually beneficial trading ecosystem for all parties involved. President Trump seemingly agreed at first, yet backed out of the deal in the end. Instead, he is showing signs of US-oriented isolationism, which will further fracture the brittle global economy.

IMF chief Christine Lagarde shares her concerns regarding this topic. She is convinced Trump is challenging the way trade is conducted and aims to damage business confidence. Additionally, Lagarde confirms the dark clouds are forming and the situation will continue to escalate beyond repair. Tensions are rising in the financial world, which also creates new opportunities for new assets to rise to the top.

The IMF and Cryptocurrency

Despite these ongoing struggles in the financial sector, Christine Lagarde has an optimistic view for cryptocurrencies. More specifically, she previously reported how Bitcoin can enable fast and inexpensive transactions. It is a solution the financial sector has been looking for over the past few decades. However, t...

13:15

Twitter Experience Worsens, Ether Fake Giveaways Taking Over "IndyWatch Feed Crypto"

Twitter Experience Worsens, Ether Fake Giveaways Taking Over

Fake ether token giveaways are clogging Twitter threads, and seemingly by the second. Targeting well-known ecosystem figures, doppelganger accounts are created, complete with matching avatars. A particularly active post can almost assuredly be counted on to receive seemingly organic calls for participation in free crypto programs hosted by the respective personality. And now theyre incorporating Google+ redirects. And its working. And Twitter seems to be either doing nothing about it or is just plain impotent.  

Also read: Crypto and Virtual Reality Meet in Ken Lius Science Fiction

Twitter Crypto Celebs Hounded by Fake Giveaways

Ari Paul, investor guru from Blocktower hedge fund fame, was on another multiple tweet philosophical lecture, spaced out and numbered. The topic was a meditation on over the counter and regular exchanges impacts on price. It proved so interesting, no personage less than Laura Shin, Forbes journalist, popular podcast host, and ecosystem gadfly attempted a read. She soon came up against what more and more Twitter users are facing: fairly elaborate ether (ETH) come-ons, fake giveaways using mirrord accounts....

13:00

Kakao, Korean Government to Solve Social Problems with Blockchain "IndyWatch Feed Crypto"

Kakao's blockchain subsidiary has announced it will work with a government-backed agency to develop blockchain projects focused on social services.

12:29

Korean Banks to Use Samsung SDS Blockchain to Verify Customer IDs from July "IndyWatch Feed Crypto"

A national banking group representing South Koreas commercial banks will launch a customer ID verification powered by blockchain technology in July. The Korea Federation of Banks (KFB) will officially launch BankSign, a blockchain-based identity verification platform that will enable retail domestic banks to improve a decades-old verification system with digitization in both online and mobile

The post Korean Banks to Use Samsung SDS Blockchain to Verify Customer IDs from July appeared first on CCN

12:17

Polychain, Outlier Ventures Back Blockchain Startups Plan for Web 3.0 "IndyWatch Feed Crypto"

Whilst the idea of a decentralized internet more commonly known as the Web 3.0 seems attractive for many in the blockchain industry, creating an infrastructure to support its a minumum of one goal that should be completed first. It is challenge that Haja Networks is taking on with a brand new database protocol and database network. Both of these open source products will allow interaction between different blockchains and allow users to sell or rent their data to enterprises while maintaining control over what information is accessible to third parties, said CEO Samuli P, yht, ri. The startup lately completed a financing Round lead by Outlier Ventures and comprising Polychain Capital, BigchainDB and Creathor Ventures.

Outlier has also joined Haja as a strategic partner. The total amount raised wasnt disclosed. Lawrence Lundy, Outliers head of research, noted that solving interoperability for databases including blockchains is essential to helping develop the new internet. And the Haja team, composed of former protocol laboratories and IPFS programmers, is on its way there with OrbitDB, an open source database project. P, yht, ri told CoinDesk that we see a lot of problems with the current web, with data being settled and data being monopolized by businesses. There is a problem with data being centralized, theres to be capable to compete with the current web so that is essentially what we are enabling here, by building decentralized protocols to make data secure in trustless ways..

This could just be the initial step in building the infrastructure to support a decentralized web, he said, adding that this infrastructure would in turn help solve scalability issues, that might help fuel adoption. According to P, yht, ri: If we look at the usage of decentralized apps right now, its pretty bad in a way. I think everyone would like to see a lot more adoption and usage, but essentially it isnt there. Part of the problem, a big part of the problem, is the scalability problem, which I think is a topic right now. With different projects working on it.. Server rack picture via Shutterstock. A 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
strict set of editorial policies

12:16

Korean Banks Can Use Blockchain to Verify Customer IDs from July "IndyWatch Feed Crypto"

A national banking group in the South Korean is to roll out a blockchain based ID verification system for domestic commercial banks in just weeks. Based on a notice revealed on Monday by the Korea Federation of Banks, the new system dubbed BankSign is scheduled to be launched in July following a testing phase that began in Apr of this year. Built on top of Nexledger, a private blockchain platform developed by Samsungs enterprise solutions division, BankSign will offer regional banks an option to replace the existing ID verification system which has been in place for decades in South Korean, the KFB said.

Founded in the year 1984, the KFB represents commercial banks in South Korean, with notable members including Shinhan and Woori banks institutions that have also been exploring blockchain based cross border remittances for business clients. The new block identification service, that will be available for both on-line and mobile banking in accordance with the KFB, marks among first efforts of commercial banks in the South Korean to make blockchain applications available for general consumers. According to Korea JoongAng Daily, the KFB has formed a banking blockchain consortium with domestic financial institutions in Nov 2017, after which the exploration of an alternative authentication system had already begun.

The report added beta testing of BankSign, started in Apr after the South Korea government had lifted its mandate that banks should use the traditional system, allowing the banking industry freedom to adopt more streamlined services. Mobile Bank Image via Shutterstock. A 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
notice
Nexledger
exploring
Korea JoongAng Daily
Mobile banking
strict set of editorial policies

12:08

Video Games and Blockchain: New Experience for Players or More Profit for Developers? "IndyWatch Feed Crypto"

The video game industry is increasingly using blockchains in its products, but for now crypto is more of a revenue generator for it than a game changer

12:00

Dead Cat Bounce? Bitcoin Price Recovery Could be Short-Lived "IndyWatch Feed Crypto"

A corrective rally may lift bitcoin over $7,000, but holding on to gains won't be easy, the technical charts suggest.

11:30

PR: Essentia.One to Release an Interoperable Multi-Chain dAppstore "IndyWatch Feed Crypto"

Essentia.One to Release Interoperable Multi-Chain dApp

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.

The first step towards blockchain interoperability

The crypto world took a giant leap forward this week with Essentia announcing their multi-chain passwordless dAppstore. This innovation has led many to believe the future of interoperability between blockchains and decentralized services is not as far off as originally estimated, heres why

DApps are proving beneficial for many industries, but they notoriously lack interoperability. One explanation is that each blockchain requires currency generation to function and as we know these currencies, or tokens, are incredibly volatile and any attempts at pegging to a stable currency have fallen short (see Vitalik Buterin inventor of Ethereums hilarious parody with his WTF coin).

This has meant that dApps largely stand on their own while users have to face the impracticality of purchasing and holding dozens of tokens. Hence, for interoperability to work, a single token which can operate across multiple blockchains is required.

The integrated dApp store solves this problem, the Essentia protocol enables users to integrate dApps onto the platform and access them entirely through the ESS token. The protocol is also accessible through a seed or hardware wallet device, making it possible to login and access +1k of dApps without a single password. As the old proverb goes two birds, one stone blockchain.

Essentia co-founder Matteo Gianpietro Zago remarked that one of the primary motivations behind building the project was to fix the problem of fragmentation in the Web 3.0.

We now have over a thousand credible blockchain projects in existence. One for decentralized exchanges, another for storage, VPNs, social media and so on. The problem is...

11:18

Bitcoin Price Watch: BTC/USD Recovery Could be Limited "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price found support near $6,620 after a major decline against the US Dollar.
  • Yesterdays highlighted important bearish trend line was breached with resistance at $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is currently correcting higher towards a few important resistances such as $7,000 and $7,200.

Bitcoin price is recovering from the $6,600 support area against the US Dollar. BTC/USD might correct further in the near term, but it could face hurdles around $7,200.

Bitcoin Price Analysis

Yesterday, we saw a major downside move in bitcoin price below the $7,000 handle against the US Dollar. The BTC/USD pair declined towards the $6,600 level and formed a low at $6,628. Later, an upside recovery was initiated and the price corrected above the $6,700 level. It also traded a few points above the 23.6% Fib retracement level of the last decline from the $7,600 swing high to $6,628 low.

Moreover, yesterdays highlighted important bearish trend line was breached with resistance at $6,700 on the hourly chart of the BTC/USD pair. In the short term, there could be more gains towards the $7,200 level. However, there are many resistances for buyers around the $7,000 and $7,200 levels. The 50% Fib retracement level of the last decline from the $7,600 swing high to $6,628 low is also positioned near $7,170 to prevent gains in the near term. Should there be an upside break above $7,100, the next hurdle could be around the 100 hourly simple moving average.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price is correcting higher, but it could face a lot of hurdles around the $7,200 level. On the downside, supports are seen at $6,700 and $6,600.

Looking at the technical indicators:

...

11:15

Potcoin Sponsors Dennis Rodmans Singapore Visit During Summit Talks "IndyWatch Feed Crypto"

The historic summit between US president Donald Trump and North Korean Supreme Leader Kim Jong-un just on its own is a multifaceted historic event with plenty to keep the media busy. And yet, somehow we find ourselves with yet more angles to the events in Singapore, with former NBA star player Dennis Rodman doing the

The post Potcoin Sponsors Dennis Rodmans Singapore Visit During Summit Talks appeared first on CCN

11:00

Korean Banks Can Use Blockchain to Verify Customer IDs from July "IndyWatch Feed Crypto"

A national banking group from South Korea is to roll out a blockchain-based ID verification system for domestic banks next month.

10:50

Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR "IndyWatch Feed Crypto"

Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR

The big story of the day is that a cannabis-themed cryptocurrency has been able to stage an international media coup, capturing the attention of news organizations around the world during a historic moment. Additional stories covered in todays edition of Bitcoin in Brief include Coinbase pumping ETC and Binances plans to add EUR.

Also Read: Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations

POT Prevents Nuclear Armageddon

There are three ways to go if you want to get your token on mainstream news these days: get spectacularly hacked, get someone killed, or help bring about peace between two nuclear-armed rivals. Yes, that latter approach is actually real. Potcoin has been sponsoring the peace missions of Dennis Rodman to North Korea for a while now and it is bearing fruit. Two of the basketball stars friends, US President Trump and Kim Jong-un, have met in an unprecedented occurrence and POT was able to get into the limelight of this histrionic event.

As an example of how much priceless exposure this stunt has brought the altcoin, here is a 16 minutes long interview on CNN with Rodman wearing a POT shirt.

Binance Wants EUR Soon

Cryptocurrency exchange Binance plans to leverage its rec...

10:19

Malta Emerges as Worlds Cryptocurrency Hub Despite EUs TAX3 Investigation: Expert Take "IndyWatch Feed Crypto"

Malta's Prime Minister Joseph Muscat has described his country as the global trailblazer in the regulation of blockchain-based businesses

10:16

The EU Wants to Hear Your Questions About Blockchain "IndyWatch Feed Crypto"

An organization created by the European Commission to concentrate on blockchain development and research will be extorting issues from the general public about the nascent technology. The EU Observatory and the Forum declared through a tweet on Monday that its hosting a 90 minute AMA session on June 18, to address some problems with the public about blockchain along with the organizations future plan in the emerging area. Discover the schedule of our coming Ask me Anything session on Blockchain! eighteenth @ 6pm CEST june. Ask your questions today using .AMAblockchain @EUBlockchainMore info! https://t.co/WMxUZHHeJW pic.twitter.com/kKiBrwHKAD.; EU Blockchain June 11, 2018.

The session marks a notable movement by the European Unions executive arm to educate the public about the fundamentals of blockchain technology and its real life applications, in accordance with the sessions agenda recorded on the Observatorys web site. Formally established in February from The European Commission and ethereum startup ConsenSys, the Observatory focuses on creating blockchain based programs, like for cross border remittances, which can contribute to the European common market. The European Commission announced in Apr that it is planning to invest around $400 million in blockchain related jobs over the next two decades, expecting that technology is becoming widespread, as CoinDesk has reported.

Earlier this year, Mario Draghi, head of the European Central Bank also organized an on-line session where he addressed questions published by the public via Facebook and Twitter that associated with blockchain and cryptocurrency. EU flag picture via Shutterstock. A 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
tweet
#AMAblockchain
@EUBlockchain
https://t.co/WMxUZHHeJW
pic.twitter.com/kKiBrwHKAD
June 11, 2018
focuses
......

10:05

UK Financial Watchdog Tells Banks to Enhance Scrutiny on Crypto Clients "IndyWatch Feed Crypto"

The United Kingdoms financial regulator and watchdog has urged bank CEOs to follow good practices to lessen the risk of financial crimes brought on by the abuse of cryptocurrencies. In a letter [PDF] addressed to domestic bank CEOs, the UKs Financial Conduct Authority (FCA) specifically urged financial institutions to ramp up their scrutiny of clients

The post UK Financial Watchdog Tells Banks to Enhance Scrutiny on Crypto Clients appeared first on CCN

10:00

Polychain, Outlier Ventures Back Blockchain Startup's Plan for Web 3.0 "IndyWatch Feed Crypto"

Haja Networks aims to create a new set of database protocols which will help build an infrastructure for the Web 3.0.

09:45

The real opportunities in cryptocurrency arent cryptocurrencies "IndyWatch Feed Crypto"

The real opportunities in cryptocurrency arent cryptocurrencies by Simon Black Sovereign Man Hallelujah. After almost a decade since Bitcoin was created, the SEC announced last week the creation of a new, senior position to coordinate the agencys cryptocurrency and...

The post The real opportunities in cryptocurrency arent cryptocurrencies appeared first on The Daily Coin.

09:43

Fintech Conference MoneyConf Kicks Off in Dublin, Watch Live Stream Here "IndyWatch Feed Crypto"

The first day of MoneyConf, streamed live by Cointelegraph, will cover topics ranging from crypto in Asia to blockchain use in finance

09:30

How Do We Solve the Trillion Dollar Time Bomb Called Pension? "IndyWatch Feed Crypto"

For many of us, pensions are a big deal. The thought of what well do for money after retirement is something that can keep us awake at night, something to which we devote hours of anxious overthinking. We want to enjoy our older years, and the thought of struggling for money as we age can be an unpleasant one.

Almost 20% of those who make between $50,000 and $150,000 per year say pensions are their number one financial worry and its not hard to see why.

Life expectancy across the globe has been steadily rising over the past century, and some sources now predict that the average person born in 2007 will live to 103 years old. The pension systems most developed countries have in place just arent capable of handling this level of aging in the population.

Just take a look at this Norway pension fund, worth over a Trillion dollars.

We need a solution, and its becoming more urgent every day.

A flawed system

Lets break down why our current pensions infrastructure is so woefully inadequate. As people live longer, one of two things will happen either the average time spent as a retiree will continue to rise, or the retirement age will have to be increased.

If people continue to retire in their mid-sixties, they could soon be claiming a pension for an average of more than thirty years. This sort of thing is previously unheard of, and current pension systems simply wont be able to cope.

The alternative working into our seventies and beyond seems unfair and daunting for most of us. Most people arent capable of working with the same vigor and energy at that age compared to someone in their thirties or forties. We want to spend our last few decades relaxing and enjoying the fruits of our labor.

The problems dont end there, either. Theres also a serious lack of trust in the pension systems. Scandals seem to be a regular thing for pension funds. For example, UK firm Carillion recently came under fire...

08:20

Lithuania Unveils Detailed Cryptocurrency and ICO Guidelines "IndyWatch Feed Crypto"

Lithuania Unveils Comprehensive Cryptocurrency and ICO Guidelines

Lithuanias Ministry of Finance has published comprehensive guidelines for cryptocurrency and initial coin offerings, covering four areas including regulations, accounting, and taxation.

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

Ministry of Finances Guidelines

The Ministry of Finance of the Republic of Lithuania has published guidelines for cryptocurrency and initial coin offerings (ICOs). They are divided into four areas regulation, taxation, accounting, and Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT).

Lithuania Unveils Comprehensive Cryptocurrency and ICO GuidelinesLithuanian Minister of Finance.

Although the guideline document is entitled ...

08:10

The EU Wants to Hear Your Questions About Blockchain "IndyWatch Feed Crypto"

The EU Blockchain Observatory and Forum is hosting a live AMA session to let the general public ask any questions they have about blockchain.

08:06

Apple bans cryptocurrency mining on iPhones "IndyWatch Feed Crypto"

Not that mining apps would work well on a mobile device.

Not that anyone would seriously use an iPhone to mine cryptocurrencies. Anyhow, Apple has updated its App Store Review Guidelines to explicitly ban the mining of cryptocurrencies on its iOS devices. An updated clause 2.4.2 now reads:

Read Full Story

07:51

Asian Cryptocurrency Trading Update: Ethereum Classic The Only Winner "IndyWatch Feed Crypto"

FOMO Moments

Current performing altcoins are Ethereum Classic, Binance Coin, Qtum and Bitcoin Diamond.

The massive selloff that initiated with a huge crypto dump on Sunday has continued into the week. Monday saw further losses and those have been extended into today as markets continue to fall. Bitcoin has reached what could be a temporary bottom at around $6,850, it has leveled off and clawed back around a percent over the past 24 hours. Ethereum is still dropping, down to around $530 where it seems to have leveled out for now. After the beating altcoins have taken in the past 48 hours they seem to have reached a plateau though many are still falling and there is a lot of red across the boards. There is only one big pump going on today and that is Ethereum Classic.

Coimmarketcap is reporting a 25% spike for ETC which started 3-4 hours ago. Currently trading at around $16.10 Ethereum Classic jumped from $13 this time yesterday. Looking back at the week ETC has clawed back all losses from the crash, it was trading at around $15 this time last Tuesday. Over the month however Ethereum Classic is still down around 6% despite this current surge. It was trading at around $17 this time last month. Against Bitcoin ETC has gained 21% on the day to trade at 231800 satoshis from 192000 sats this time yesterday. Weekly gains on BTC have been closer to 13%, up from 202000 satoshis this time last week.

The big pump has come from the Coinbase announcement that it will soon be supporting Ethereum Classic and adding the altcoin to its listings. The company blog stated;

We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase in the coming months. We are announcing this both internally and to the public consistent with our process for adding new assets.

As traders jumped in on the action Binance announced that it would also be listing Ethereum Classic/Tether and ETC/BNB pairings;

07:03

Tron (TRX) Price Watch: Where Sellers Are Waiting "IndyWatch Feed Crypto"

Tron Price Key Highlights

  • Tron has formed lower highs and lower lows to create a descending channel on the 4-hour chart.
  • Price is bouncing off support and may be due for a correction to the top, which lines up with the Fib levels.
  • If this area holds as resistance, Tron could resume the drop to the swing low or lower.

Tron could be due to resume its downtrend if the area of interest around 0.0600 holds as resistance.

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. This suggests that the selloff is more likely to resume than to reverse.

The 100 SMA lines up with the 50% Fibonacci retracement level at 0.0610 while the 200 SMA is in line with the channel resistance around 0.0660. This also coincides with a former support level that might now hold as resistance.

RSI is on the move up to signal that sellers are taking a break and letting buyers take over from here. Similarly stochastic is heading north so Tron might follow suit. Also, the long-wicked candle on the bounce off the 0.0400 level suggests that buyers were waiting with limit orders at that level.

TRXUSD Chart from TradingView

Tron continues to wait for more updates on the mainnet launch and investors are getting antsy. For now, the cryptocurrency industry is being bogged down by news of the hack on a South Korean exchange, even though only smaller altcoins were affected.

Meanwhile, the attention could shift to the dollar with the US CPI and FOMC decision coming up. An interest rate hike is expected but the CPI report could provide more context on any tightening biases. Weaker than expected inflation figures could downplay hawkish hints while strong results could support the idea of two more hikes later this year.

The post...

07:00

Ant Financial Raises $14 Billion to Boost Blockchain Development "IndyWatch Feed Crypto"

Alibaba subsidiary Ant Financial just cashed-in on a historic $14 billion Series C funding round, and the Alipay creator says that part of this warchest will be used to boost blockchain development. Ant Financial announced last Friday it has reached a definitive agreement with its investors for its Series C in the total amount of

The post Ant Financial Raises $14 Billion to Boost Blockchain Development appeared first on CCN

06:55

Bitcoin (BTC) Price Watch: Sellers Picking Up Steam! "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price has formed lower highs and lower lows to trade inside a descending channel on its 1-hour chart.
  • Price is testing support and a bounce could take it back up to the resistance or the Fibonacci retracement levels.
  • Technical indicators are suggesting that the downtrend is likely to resume.

Bitcoin price could be due for a pullback on its downtrend as it bounces off the bottom of its descending channel.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. The gap between the moving averages is also widening to reflect strengthening bearish pressure.

In addition, the 100 SMA lines up with the 61.8% Fibonacci retracement level at $7,289 to add to its strength as a ceiling. The 50% level is closer to the former swing low around $7,200 so this might also keep gains in check.

RSI is still heading up so bitcoin price might follow suit. However, this oscillator is already nearing overbought territory to show that buyers are getting tired and may let sellers take over. In that case, another dip back to the swing low at $6,600 or the channel bottom closer to $6,400 may take place.

Stochastic is already indicating overbought conditions to suggest a return in selling pressure. If sellers are eager to hop in, the correction could be shallow and price might still be able to break below support to start a steeper drop.

BTCUSD Chart from TradingView

Bitcoin price is still under pressure from news of the hack on a small South Korean exchange as this still spooked several investors to liquidating more positions. Security issues in the industry havent been completely addressed after all and there are still jitters over the ongoing investigation into price manipulation.

...

06:45

From the comments, Vitalik Buterin "IndyWatch Feed Crypto"

Analyst

June 11, 2018 at 9:05 am |

1. In retrospect, was it a good decision to have ethereum bytecodes executed on every single mining node? And if not, would he have selected sharding and plasma or a different solution?

2. How confident is he that transitioning to proof-of-stake will be successful? What are the risks of proof-of-stake?

Ill answer this one here in detail because its probably too technical for it to be valuable to put a good answer into a Conversation with Tyler.

> 1. In retrospect, was it a good decision to have ethereum bytecodes executed on every single mining node? And if not, would he have selected sharding and plasma or a different solution?

Ultimately the answer is, yes given the knowledge we had at the time, no given what we know today. If I was doing Ethereum back then with the knowledge that I have today, I would obviously shoot straight for exactly the design that the research team is shooting for today (Casper PoS, sharding), and I would have actively encouraged developers to work on state channels and Plasma from day 1. Layer 1 scaling (sharding) and layer 2 scaling (state channels and Plasma) are complementary; gains from the two are multiplicative with each other, so its not a matter of A vs B, its A and B.

Ultimately, for a distributed validation system to work, you need to satisfy two properties:

1. There are enough (randomly sampled) nodes on average validating any given piece of data that invalid data will under no circumstances get through.
2. There are mechanisms that can ensure that if bad data *does* get through (eg. because of a 51% attack), then clients can detect this. In a sharded system, there is obviously too much data for clients to verify directly, but there are indirect approaches that can be used that can give equivalent assurances with some additional security assumptions (STARKs, fraud proofs, data availability proofs)

> 2. How confident is he that transitioning to proof-of-stake will be successful? What are the risks of proof-of-stake?

Close to 100% confident that proof of stake is possible in prin...

06:30

Ethereum Classic Price Surges 20% as Coinbase Integrates ETC "IndyWatch Feed Crypto"

Coinbase has unexpectedly announced on its home blog and through twitter that it will be integrating Ethereum Classic over the next few months to be listed sometime in September causing the price of ETC to gain dramatically.

Coinbase Announces Integration of Ethereum Classic

Ethereum Classic like almost every altcoin has been a downward trend over the last 30 days losing over 15% but Coinbases public announcement that it would list the token has bought the speculators out and sent the price up over 22% since the blog and twitter messages went out. The initial price jump from $12.89 to a high so far of $16.10 according to livecoinwatch has already leveled out easing back to $15.70 at the time of writing.

Coinbase has listed all of the details of the integration on its blog where the announcement was made. They have also answered some of the expected frequently asked questions that might arise. Especially pressing for some would be the statues of any ETC held in GDAX at the time of the 2016 hard fork which Coinbase has assured it will give to exchange users who had Ethereum balances and would be eligible for ETC withdrawals.

It seems that coinbase may have made this early announcement of their intention to list ETC in the coming months to avoid any kind of speculation of inside trading which marred their integration of Bitcoin Cash last December when its price hit a high of $8,500 on Coinbase and its GDAX service compared to its trading price of $3,500 on other exchanges.

ETC May Find its Former Highs with Coinbase

ETC which was initially created in July 2016 had a stagnate first year reaching only above the $2 mark in its first ten months but then took off around its one year mark going above $20. It reached its high in January 2018 at just over $47 but has been dropping steadily since mid-March to its recent lows of just over $12 where it was before the surge brought on by the Coinbase announcement.

If for example ETC experiences the kind of pump Zcash took from being listed on Gemini when it gained 40% after the announcement that the Winklevoss brothers trading platform would be listing the coin Ethereum Classic could be pushed back towards its former high price point in the next 24 hours.

Whether Coinbases listing of Eth...

06:28

Ethereum Price Analysis: ETH/USD Approaching Resistance "IndyWatch Feed Crypto"

Key Highlights

  • ETH price is currently correcting higher after a sharp decline toward the $500 level against the US Dollar.
  • Yesterdays highlighted key bearish trend line is intact with resistance at $545 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair may continue to move higher toward the $540 and $545 resistance levels in the near term.

Ethereum price is currently recovering against the US Dollar and Bitcoin. ETH/USD is likely to face sellers on the upside near the $540-545 zone.

Ethereum Price Resistance

After a sharp decline, ETH price found support around the $500 level against the US Dollar. The price traded as low as $503.04 before forming a short-term support. Later, it started an upside correction and traded above the $515 level. There was also a break above the 23.6% fib retracement level of the last decline from the $565 swing high to the $503 low.

However, there are many barriers on the upside near the $540 level. More importantly, yesterdays highlighted key bearish trend line is intact with resistance at $545 on the hourly chart of ETH/USD. The same trend line resistance coincides with the 50% fib retracement level of the last decline from the $565 swing high to the $503 low. Therefore, if the price continues to move higher, it is likely to find sellers near the $540 and $545 resistance levels. Above this last, the next major hurdle for buyers is near the $560 level.

Ethereum Price Analysis ETH USD

Looking at the chart, the price is showing recovery signs above the $510 level. However, the currently recovery could face heavy selling interest on the upside near below the $560 level. On the downside, a break below the $500 handle could accelerate declines in the near term towards $450.

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

06:20

Tezos Will Fork Before Its Even Launched "IndyWatch Feed Crypto"

Tezos Will Fork Before Its Even Launched

Tezos, a blockchain best known for its off-chain drama rather than its on-chain utility, is set to fork. Internecine conflict has riven the Tezos community for months, spilling over into the courtroom and leading to the dismissal of foundation members. On the eve of its mainnet launch, another twist will see nTezos created as a spin-off. In the process, it will make Tezos the first blockchain to have been forked before its launched.

Also read: Number of Japanese Bitcoin Spenders Slowly but Steadily Increasing Says Bic Camera

And Then There Were Two

For armchair addicts, the cryptocurrency space is never short of popcorn moments, ranging from ICO scams to in-fighting, FUD, FOMO, and all the other acronyms for which the sector is renowned. Tezos its very own soap opera however, a twilight zone in which every week offers something macabre or unexpected. The news that Tezos looks likely to fork before it has so much as launched isnt entirely unexpected, but its certainly an odd turn of events.

Tezos Will Fork Before Its Even Launched

There are many reasons that could have triggered an acrimonious fork of t...

06:16

Ethereum Classic Spikes 25% on Coinbase Listing News "IndyWatch Feed Crypto"

The purchase price of ethereum classic, the cryptocurrency which was challenging bifurcated from the etheric block in July 2016, surged for 25% on Tuesday, following the news that its added to the crypto exchange Coinbase for trading. The U.S. Exchange declared on Tuesday morning in a blog post that its now beginning the engineering work to incorporate ethereum classic with its platform. A further date for officially launching the trading of ethereum classic on Coinbase will be declared on Sept. 5, the business said. Statistics from CoinMarketCap shows that the purchase price of ethereum classic began to jump around 01: 30 UTC on Tuesday, following Coinbase first tweeted the statement at 01: 18.

Its further surged from $12.88 to as high as $16.15 at around 2: 00 UTC, representing a 25 percent profit in only half a hour. The move also comes only months following Coinbase triumphed in March that itd not made any decisions for adding new assets, following an identical remark made in January. The inner asset selection committee was analyzing assets utilizing our Digital Asset Framework, but no assets were recommended to the Coinbase executive group, the business said at the time. However Coinbase hasnt explained whats made a difference in the past 3 months that resulted in the shift of the thinking about its asset selection committee.

In addition notably, the choice to add ethereum classic arrives following some from the industry had contested Coinbases asset selection process to be arbitrary, or even altogether dubious. As mentioned previously by CoinDesk, the reason behind this question partially stemmed from this Coinbase added support for bitcoin money, only months after the cryptocurrency was created out of a challenging fork from the Bitcoin block. However at the time, the firm hadnt embraced ethereum classic following a year because crypto currency was hard forked off the ethereum network. Coinbase image via Shutterstock. 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
blog post
shows
tweeted
reiterated
note...

06:00

Ethereum Classic Price Jumps 25% Following News of Coinbase Listing "IndyWatch Feed Crypto"

Ethereum Classic price spikes 25% following announcement of future listing on Coinbase

06:00

Coinbase Unexpectedly Announces Ethereum Classic Support, Volume Surges "IndyWatch Feed Crypto"

Despite the market downturn, with Bitcoin and other altcoins dropping 15% in the past 48 hours, Coinbase has decided to make an unexpected announcement, quickly pushing up the price of Ethereum Classic. 

Coinbase Announces Ethereum Classic Support

At 6:18 PST on June the 11th, Coinbase announced that it has plans to add Ethereum Classic (ETC). According to the official Coinbase blog, employees just got the notice that they will begin to engineer the proper support systems for the release of ETC on the exchanges services. 

The blog stated:

As part of this process, customers can expect to see public-facing APIs and other signs that the asset (ETC) is being added.

The blog also added that the official launch date of full support for this altcoin will be announced through the proper social media channels in the upcoming months, specifically saying: 

When we reach the final testing phase of the technical integration, which we expect to occur over the next few months, we will publicly announce a launch date for trading via our blog and Twitter.

Full support will entail the addition of ETC to CoinbasePro (GDAX) and Coinbases more traditional exchange service. As well, Coinbase also has plans to add Ethereum Classic into the other services it provides. One of these services being its custody service, which was announced in November last year. 

As well, ETC will be added to the Coinbase Index Fund, which is comprised of all of the assets listed on Coinbase services. The index fund was launched earlier this year with retail and institutional investors in mind. Currently, the minimum investment into the index fund is $250,000 for any U.S. accredited investors. The release of this fund allowed for traditional investors to gain access to some of the top cryptocurrencies in an easy to access manner....

06:00

Australian Dollar and Bitcoin "IndyWatch Feed Crypto"

1.00 AUD = 0.00012 BTC
0.00010 BTC = 0.85 AUD
Converter

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 0.66 USD
1.00 USD = 0.00015 BTC
Converter

05:18

Bitcoin Cash Price Analysis: BCH/USD Upsides Remain Capped "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price declined toward the $900 support recently against the US Dollar.
  • There is a key bearish trend line forming with resistance at $990 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is currently correcting higher, but it is likely to find sellers near $990-$1,000.

Bitcoin cash price declined heavily below $1,000 against the US Dollar. BCH/USD might correct a few points toward the previous support levels in the near term.

Bitcoin Cash Price Trend

There was a sharp downside move from the $1,200 resistance in bitcoin cash price against the US Dollar. The price declined and broke many supports such as $1,100 and $1,050. More importantly, there was a break and close below the $1,000 level. It traded close to the $900 support level where buyers emerged. A low was formed near $895 and the price started an upside correction.

It is currently trading above the 23.6% fib retracement level of the last decline from the $1,035 swing high to the $895 low. However, there are many hurdles on the upside waiting near the $950 and $990 levels. There is also a key bearish trend line forming with resistance at $990 on the hourly chart of the BCH/USD pair. Moreover, the 50% fib retracement level of the last decline from the $1,035 swing high to the $895 low is near $965 to prevent upsides. Therefore, if the price corrects higher, it is likely to find sellers on the upside near $950 and $990.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the pair is in a downtrend and the current recovery may face sellers below $1,000. On the downside, supports are seen near the $920 ad $900 levels, followed by $850.

Looking at the technical indicators:

Hourly...

05:15

Ethereum Classic Spikes 25% on Coinbase Listing News "IndyWatch Feed Crypto"

The price of ethereum classic surged by 25% in half an hour on Tuesday, following the news that it is being added to Coinbase's trading options.

04:20

Russians To Mine Bitcoin Close to a NATO Exercise in Norway "IndyWatch Feed Crypto"

Russians To Mine Bitcoin Close to a NATO Exercise in Norway

A serious Russian investment in a new mining facility in Norway has sparked questions why here, why now? Russians are throwing a billion kroner into a project to install thousands of powerful computers mere kilometers from the scene of a large NATO exercise. The construction of the farm is expected to begin this summer, and Norwegian counterintelligence is already interested to know whats in the arriving containers.   

Also read: Russian Railways Eyes Crypto for Tickets, Blockchain for Cargo

Russian Mining Farm in the Forests of Norway

The Russian New Mining Company, a well-known business offering industrial scale crypto mining solutions and opportunities, is working on a serious investment in Norway. It wants to install thousands of mining units in a new farm. Local companies are also participating in the project worth a billion Norwegian kroner (~$125 million USD).

Construction will start in August but eight containers of equipment have already been delivered to the site in the municipality of Alvdal. The region has already attracted crypto companies from Israel, China, Japan, Kazakhstan, and the US, offering low electricity rates and developed communications infrastructure. However, some have asked the question why Russians are so interested in Norway, when Russia offers good conditions for miners.

...

04:19

Report: TRON Cryptocurrency Founder Acquired BitTorrent "IndyWatch Feed Crypto"

File sharing service BitTorrent has been reportedly acquired by the developer of the TRON platform, Justin Sun

04:16

Mystery Startup Tells the SEC Its Raising A $180 Million ICO "IndyWatch Feed Crypto"

A little known company in Estonia is looking to raise just as much as $180 million at a SAFT sale, public records show. A Notice of Exempt Offering of Securities printed on June 4 throughout the U.S. Securities and Exchange Commissions EDGAR document system shows that a company called NewTech Myning OU is looking to raise the funds by selling whatre effective promises of distribution of tokens in a future time. Up to now, a number of blockchain startups and jobs have increased money utilizing the SAFT model. Per the kind, the offering is for the purchase and issuance of rights to receive GoWeb tokens in the future through a Easy Agreement for Future Tokens.

But as it stands, there is scant info regarding the company involved or its planned token. Business registry information printed on-line suggests that NewTech Myning was first established in March. Efforts to contact the company prior to publication were unsuccessful. In the event that NewTech Myning is able to raise the entire $180 million, it might represent one of the larger token sales to date. That said, it would not constitute the largest that record is now held by Telegram, with it is reported $1.8 billion haul to hit the market so far. It would not be the most noteworthy news of late either from Estonia, in which the government has been linked to a national cryptocurrency project.

Nevertheless, a latest report by Bloomberg suggests That refoulement of EU regulators has resulted in a substantial scaling back of the initiative. Hacker image 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
published
Business registry information
Bloomberg
Hacker image
strict set of editorial policies

04:00

Argo Blockchain to Be First Crypto Company Listed on the London Stock Exchange "IndyWatch Feed Crypto"

The London Stock Exchange, one of the oldest stock exchanges in the world, has approved the listing of subscription-based mining firm Argo Blockchain, which will be the first crypto-related company listed.

Argo Blockchains Listing

Argo Blockchain said in a statement on Monday that it hopes to raise 20 million ($26.8 million) through an initial product offering (IPO) following the listing, and expects to be valued at around 40 million ($53.5 million). Earlier this year, it received an investment of 1.9 million ($2.5 million) from private investors.

The firm received approval to go public from the U.K. Listing Authority two weeks ago. Speaking with Business Insider, co-founder and executive chair Jonathan Bixby described the move as follows:

The firm chose Londons exchange considering the citys role as a global hub for financial technology. A London stock market listing will provide Argo with the profile, credibility, and access to global capital to drive our growth and help us establish a leadership position in the long term.

Argo Blockchain plans to charge around $25 a month for the raw computing power that will permit subscribers to mine four cryptocurrencies remotely on Argos mining rigs: Bitcoin Gold, Ethereum, Ethereum Classic, and Zcash.

The move is representative of a step forward for the cryptocurrency sector, which in the past has been seen by some to be a separate ecosystem from the financial sector, but is steadily gaining confidence and acceptance from the mainstream. 

About Argo Blockchain

Argo Blockchain, founded last year, is a cloud-based cryptocurrency mining firm that operates on a subscription-based model. The company was established in order to help individuals mine cryptocurrencies, as the difficulty level (and in turn the necessary computer power) has increased due to the more-recent involvement of application-specific integrated circuits (ASICs) and cryptocurrency mining collectives.

...

03:55

EOS Is Launched But Not Yet Live Why? "IndyWatch Feed Crypto"

EOS still needs millions on tokens staked before its mainnet can officially go live, unlocking its tokens for holders to trade and use.

03:43

Irish Governmental Agency for Foreign Investment Leads Blockchain Development Initiative "IndyWatch Feed Crypto"

Irish governmental agency IDA Ireland has initiated a project that seeks to make the country a top blockchain hub

03:00

UK Regulator Warns Institutions of Greater Levels of Risk Posed by Cryptos "IndyWatch Feed Crypto"

The U.K.s Financial Conduct Authority (FCA) has penned a letter addressed to CEOs of companies that are exposed to cryptocurrency in some way. In the correspondence, the regulator noted that cryptocurrencies were more likely to have been used to facilitate financial crimes.

FCA Considers Cryptocurrencies as More Likely to be Connected to Financial Crimes

The letter that was dated today acknowledged that many cryptocurrency users did so with respect for existing legislation. However, thanks to the ease with which funds could cross borders and the anonymity afforded by certain digital assets, there was a greater risk of them having being used illegally.

To combat this, the Dear CEO letter advised an increase in staff training and additional compliance processes be implemented. Furthermore, companies exposed to the cryptocurrency space should monitor the activities of those clients that were considered as higher risk.

The letter read:

You should take reasonable and proportionate measures to lessen the risk of your firm facilitating financial crimes which are enabled by cryptoassets.

In addition, the FCA letter stated that it was important to use the same criteria that would be applied to other sources of wealth when assessing clients that appeared to be making money in some way from cryptocurrency.

Later, the letter addressed what it called state-sponsored cryptoassets. The FCA advice for institutions was to consider those clients using such digital currencies as the Venezuelan Petro as high-risk. This is because, in their view, they were designed to evade international sanctions. There is likely some truth to this since there is evidence of Russia using the South American nation to experiment with using digital currencies to get around economic restrictions placed on them by the West.

Another point raised by the letter was that the transactions made using blockchain-based digital currencies supposedly left less of a paper trail than those that had gone through traditional financial institutions. The document reads:

...

02:50

LA Trader Bitcoin Maven Faces Jail Time for LocalBitcoins Activity "IndyWatch Feed Crypto"

A Los Angeles trader on LocalBitcoins who goes by the name Bitcoin Maven is facing up to 30 months in prison for running an illegal money transmitting business. NBC Los Angeles claims fifty-year-old Theresa Tetley made at least $300,000 a year trading on the platform, with a transaction volume of $6 million to $9.5 Million between

The post LA Trader Bitcoin Maven Faces Jail Time for LocalBitcoins Activity appeared first on CCN

02:30

Mystery Startup Tells the SEC It's Raising a $180 Million ICO "IndyWatch Feed Crypto"

A little-known company in Estonia is looking to raise as much as $180 million in a SAFT sale, public records show.

02:20

Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes "IndyWatch Feed Crypto"

Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto Schemes

A major South Korean exchange, Upbit, has paid six people for reporting fraudulent crypto-related schemes. Ten cases were reported to the exchange and six of them were selected. Upbit also recently partnered with Thomson Reuters to operate a system to support transparent crypto transactions.

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

Upbit Paid Users for Reporting Fraud

One of South Koreas largest cryptocurrency exchanges, the Kakao Corp-backed Upbit, has paid six individuals for reporting fraudulent crypto-related schemes.

Korean Exchange Upbit Paid Six People for Reporting Fraudulent Crypto SchemesThe exchange implemented a bounty system in March to reward users for identifying fraudulent schemes related to cryptocurrencies. The system is focused on identifying multi-level, illegal scams posing as cryptocurrencies or initial coin offering (ICO) tokens. To the original complainant, Upbit pays a reward of 1 million won [~USD$931], the exchanges operator Du...

02:16

AmEx Is Hiring to Help Sell a Ripple Powered Blockchain Product "IndyWatch Feed Crypto"

The partnership between American Express, Ripple and Santander Bank that began back in Nov of the last year it reached new heights as a trio carries on to advance blockchain solutions to cultivate stable, higher speed cross border payments. At a latest job posting on the American Express professions board, a very clear reference was made to the partnership as evidence of the companys concentrate on growth, new products and technology offers to meet the customer requirements and build on the American Express brand. In 2018 were presenting a solution with Ripple and Santander, the ad said, which appears to have been edited.

Both American Express and Santander Bank, because the advent of their partnership with Ripple, have been using startups technology in increasing ways. As mentioned by Smartereum, American Express VP Colin OFlaherty confirmed a week ago in Money 20/20 Europe that the company will be using Ripples xCurrent tool to enable international transactions at higher speeds and greater degrees of transparency. Ripple offers instantaneous, point-to point conversations between the sender and recipient of funds. That provides a real chance to alleviate majority of the problems our clients are facing, said Flaherty in the event, talking of the challenges small-to moderate sized businesses encounter when participating in cross border payments.

The xCurrent product is already being utilized by Santander to enable their OnePayFX support which enables clients to finish international transfers either on the exact same day or the next one. Picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
partnership
posting
Smartereum
event
strict set of editorial policies

02:06

UK Financial Regulator Advises Banks on How to Manage Risks of Crypto Assets "IndyWatch Feed Crypto"

The UK Financial Conduct Authority has issued guidance for banks on how to manage risks associated with crypto assets

02:04

Ethereum (ETH) Technical Analysis (June 12, 2018) "IndyWatch Feed Crypto"

Its clear that holding coins in your portfolio is a painful thing right now. Before last week, we were bullish. However, following June 10 events and a consequent 15 percent Ethereum value erosion within 24 hours, there has been a calibration. In this new picture, sellers are spearheading this new chart driving prices below $500. If this pace continues, we are likely to see Ethereum at $350 in the coming days.

Lets look at these charts:

From the News

There is a reason why any cryptocurrency coin supply is always but an important subject matter. A reasonable coin supply with coin burns is more often than not a sure way out of creating demand which in turn draws value. On the flip side, billions of total circulating coin supply and we shall have individual tokens going for less than a dollar. Its a delicate balancing act and something whose determination lies with supply demand dynamics. So, with Ethereum printing a new total coin supply of 100 million, there are rising concerns of how ETH prices would react. Already online commentators are quick to link recent depreciation to this new revelation. Nonetheless, Ethereum coin holders must contend with this. Remember, there is no coin burn in Ethereum and it a measure that was adopted shortly after DAO hack.

In other related news, Vitalik Buterin acknowledged the limited capacity within the network. During OmiseGo AMA session, he said if Ethereum TPS rose to 6, then it would have reached peak capacity. He went ahead and compares their network throughput with that of major stock exchanges and IoT. These platforms can can process hundreds of thousands of transactions per second. IoT for example market themselves saying they are infinitely scalable. Of course, there are real concerns that they must address if at all the network would turn out as robust and a go-to platform for developers.

...

02:02

EOS, Tron, Litecoin, Stellar Lumens and IOTA Technical Analysis (June 12, 2018) "IndyWatch Feed Crypto"

Regardless of the current market turmoil, EOS continues to court attention following their Block Producer voting squabbles. Still, it is not one of the biggest loser because day to day gains and losses tracker indicates that IOTA and Tron are the leaders in the top 10. From the daily chart, Tron is down 22 percent in the last 24 hours meaning it is now down from 9 and perched at position 10.

Lets have a look at these charts:

EOS Technical Analysis

Just to quantify, EOS is down 16 percent and helping propagate the crypto market loss of more than $20 billion in three days. Fact is, EOS blockchain is than 72 hours old and validation and other protocols whats not have been done but something that was expected to be a breeze is quickly turning into a trust issue. Apparently, some EOS coin holders dont want to vote because voting entails submitting private keys.

Because of this, a mere three percent of coin holders have already voted for their Block Producer of Choice and thats an under-performance for sure. EOS dictates a minimum 15 percent of EOS holders to vote and stake their coins for the network to be valid and to allow normal functioning.

Like yesterdays trade plan, you should sell especially if sentiment continue to be negative as it is. The longer it takes for voting to take place, the more EOS would continue with its slide. $10 remains a key support line and today we might see moves below that it in line with June 10 strong slide. Our ultimate sell targets with ideal stops at $14 is at $7.

Litecoin (LTC) Technical Analysis

...

01:50

Tezos Investors Forced to Undergo KYC Nearly 1 Year after ICO "IndyWatch Feed Crypto"

The Tezos Foundation, which supports the Tezos project itself designed to be a highly decentralized blockchain has announced know your customer/anti-money laundering (KYC/AML) requirements for its contributors as the Tezos beta test nears nearly a year after the then-record initial coin offerings (ICO) conclusion. In announcing the KYC/AML requirements, the foundation noted that

The post Tezos Investors Forced to Undergo KYC Nearly 1 Year after ICO appeared first on CCN

01:00

Institutional Investors Move to Bitcoin Inevitable, Says Wall Streets Crypto King "IndyWatch Feed Crypto"

Wall Streets Crypto King Bart Smith is expecting institutional investors to move into the cryptocurrency market once regulations are clarified.

Institutions Need Regulatory Certainty

Smith runs the investment firm Susquehanna International Group which started investing in Bitcoin in 2014 and expanded in 2017 during the crypto boom. He said that the company trades on average $200 million a day on Bitcoin futures. Smith told CNBC that institutional investors are waiting on regulatory clarity which will allow the floodgates to open.

[Regulatory] clarity will allow institutions to come in more than anything else because institutions dont like to invest into uncertainty. So were just taking the most conservative approach that we can, said Smith.

The crypto market is both volatile and loosely regulated. This means the majority of investors are individuals as they do not have to worry about compliance issues and stakeholders opinions. Some banks have started dipping their toes in the water, such as Santander creating a financial payments app with Ripple and Barclays launching a venture capital fund into emerging technologies. However, it appears that the lack of regulation is holding up entry to the market.

Coinbase may help to open the doors as they released four new products designed to open up the market. NewsBTC reported that they aim to open up $10 billion of institutional investor money thats waiting to move into the market.

Regulations Will Give Investors Confidence

CNBC also reported that money managers for multibillionaires are getting prepared for making entries into the market. This may happen as soon as the end of 2018, according to pension industry advisors. Managing partner of BlockTower, Ari Paul said: I do think its inevitable from a few angles. Even if they never believe in it as an asset class, t...

00:50

94 Out of Top 100 Blockchain Projects are Built on Ethereum "IndyWatch Feed Crypto"

According to Kevin Rooke, a cryptocurrency researcher and YouTuber, the Ethereum community already has more than 250,000 developers and 94 out of the top 100 blockchain projects have launched on top of the Ethereum network. You simply cannot build excellent applications and products without a big developer base behind you. But today, Ethereum has roughly

The post 94 Out of Top 100 Blockchain Projects are Built on Ethereum appeared first on CCN

00:20

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission "IndyWatch Feed Crypto"

Another US Bitcoin Trader Faces Prison for Illegal Money Transmission

This week in Southern California a Los Angeles woman who called herself the Bitcoin Maven will be sentenced this Monday after pleading guilty for illegal money transmission. According to law enforcement, the woman made close to $300,000 USD annually by selling BTC on the peer-to-peer exchange Localbitcoins.  

Also read: Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet

LA Woman Called the Bitcoin Maven Convicted for Selling Bitcoins Without a License

U.S. law enforcement has arrested and convicted another Localbitcoins seller who reportedly made $300K per year selling digital assets. The 50-year-old Theresa Tetley used the alias Bitcoin Maven and sold bitcoins without registering with the financial authorities. Prosecutors say Tetleys operations fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry.

The U.S. Attorneys Office claims that Tetley processed around $6-9.5 million USD worth of bitcoins throughout her tenure. Operating as the Bitcoin Maven Tetley sold BTC between 2014 and 2017 using the online trading platform. Tetley has pleaded guilty and her defense is asking for 1 year in prison for her wrong doings but prosecutors have asked the U.S. District Judge Manuel Real to sentence Tetley to 30 months in federal prison.

...

00:15

Bitcoins Price Is Below $7K And (Some) Hodlers Arent So Happy About It "IndyWatch Feed Crypto"

The price of bitcoin hit a two-month low over the weekend and social network is alight with speculation about it.
While pundits dont quite agree on the situation behind the dip (with a few blaming reports of a widening manipulation crackdown, the hack of South Korea crypto exchange Coinrail or just some pre-week selling), whats apparent is the price move has acted as a kind of social thunderbolt for the community, spurring commentary from all sides.
Investor Alistair Milne conducted a Twitter poll on Sunday soliciting input on what individuals thought sparked the dip at possibly an indication of the times, 50 percent of the roughly 3,700 respondents blamedaliens with 9 percent and 12 percent blaming the Coinrail hack along with the CFTC subpoenas, correspondingly.

Why the dip?bitcoin
Alistair Milne (@alistairmilne) June 10, 2018

And as another observer pointed out, its not just bitcoin that felt the heat this weekend a lot of the worlds biggest cryptocurrencies by market capitalization saw downward price moves.
Richard Heart asked his followers on Sunday:

Hows everyones Sunday going? pic.twitter.com/t3kSTJusmL
Richard Heart (no giveaways) (@RichardHeartWin) June 10, 2018

Light-hearted take
The efforts at levity amidst the industry tumble were seen everywhere. For example, investor-focused social websites StockTwits tried to encapsulate what some traders are most likely feeling in gif form, that is.

Considering that Bitcoin $BTC.X is below $7,000https://t.co/qs8GmWtGMI pic.twitter.com/rso9bUebL4
StockTwits (@StockTwits) June 11, 2018

And cryptocurrency reporter Joseph Young contrasted the viewpoints of an office worker on Monday eager for Friday to arrive with a crypto trader going through the price headwinds.

Monday at regular job: exhausted, cant wait until Friday.
Monday at crypto: life savings down 20%.
Joseph Young (@iamjosephyoung) June 10, 2018

Glass half full?
Not all those from the trader community are looking at the situation as an entirely negative one or some reason to remain bearish.
Indeed, some observers are still calling for themoon although this weekends price moves might slow that process a little.

Keep calm and unwind..Are you bearish? I am not!
The moon please :).BTC .XRP pic.twitter.com/MWpPl5C11V
Fabien Vernagallo (@fabvernagallo) June 10, 2018

And others, according to todays social network churn, are already looking toward greener pastures:

Ive this service holding for a little for .BTC .Bitcoin but any rally in the upcoming week or 2 needs to be seen as a shorting opportunity.
I will maintainya...

00:10

US Bank Wells Fargo Bans Crypto Purchases With Its Credit Cards "IndyWatch Feed Crypto"

Wells Fargo said its customers will no longer be able to buy digital currency with its credit cards due to the multiple risks associated with this volatile investment

00:00

Bitcoin Rebound Not Likely in the Short-Term, Analysts Eye $7,777 to Signal Uptrend "IndyWatch Feed Crypto"

According to experts at Fundstrat, the price drop of Bitcoin to below $7,000, a two-month low, indicates that the coin will have a difficult time recovering in the short-term.

Bitcoin Uptrend Coming

Robert Sluymer, technical strategist at Fundstrat Global Advisors believes that $7,777 is the key level Bitcoin will have to reach to signal an uptrend is underway.

The downtrend that began in early May is still intact and will need to be reversed to signal an improvement for BTC, Robert Sluymer told CNBC.

As of now, Bitcoin is trading at $6,775, following a drop down to about $6,720 yesterday morning. This comes after the cryptocurrency fell more than 10% over the weekend to a low of about $6,650 on Sunday, according to CoinMarketCap. For context, Bitcoin is down almost 50% this year and more than 60% from the all-time highs reached in mid-December.

One thing being eyed by analysts is the Upper Bollinger Band, something of which Bitcoin hasnt consistently hit according to executive director of institutional equities at Nomura Instinet, Frank Cappelleri. Although the level varies, it currently stands at around $8,577. With this resistance level in mind, Bitcoin must gain 25%-30% for a rally to hold.

Moving forward, its important for the coin to hold support around $6,747 this week, says Chris Kimble, CEO of Kimble Charting Solutions. If that fails, Bitcoin could drop to around $2,000, he added.

Things to consider with regards to the weekends drop in Bitcoins prices are Saturdays news of a hack at (the relatively small) South Korean cryptocurrency exchange Coinrail, which primarily involved lesser-known altcoins.

Also, reports last Friday that discussed U.S. regulators investigating potential price manipulation at some major cryptocurrency exchanges. Its worth pointing out, though, that these regulatory issues are likely, in the longer term, to actually.....

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23:47

Korea Will Regulate Cryptocurrency Exchanges Like Commercial Banks, Legitimizing Industry "IndyWatch Feed Crypto"

The Korea Financial Intelligence Unit (KFIU) and other local financial agencies will regulate cryptocurrency exchanges like banks, imposing strict anti-money laundering (AML) policies to ensure criminals do not utilize cryptocurrencies to finance illicit operations. Similar to Japan During the Policy Advisory Council meeting held on June 8, KFIU director Kim Geun-ik led an extensive discussion

The post Korea Will Regulate Cryptocurrency Exchanges Like Commercial Banks, Legitimizing Industry appeared first on CCN

23:41

Bearish Markets See Only Slight Gains BTC Still Below $7k, ETH Testing $500 "IndyWatch Feed Crypto"

Bearish markets see only slight recovery today, with BTC still below $7k and ETH testing $500

23:40

AmEx Is Hiring to Help Sell a Ripple Powered Blockchain Product "IndyWatch Feed Crypto"

The partnership between American Express, Ripple and Santander Bank that began back in November of last year is reaching new heights.

23:00

LA Bitcoin Maven Trader Pleads Guilty of Running an Illegal Money Exchange "IndyWatch Feed Crypto"

In whats being reported as the first case of its kind in Southern California, a woman has pleased guilty to running an illegal money exchange using bitcoin. Theresa Tetley is thought to have made over $300,000 a year using a peer-to-peer Bitcoin marketplace.

Bitcoin Maven Sold Bitcoin Worth Millions of Dollars

According to NBC Los Angeles, Tetley was operating under the name Bitcoin Maven on LocalBitcoins. The platform is a website that allows its users to sell Bitcoin for cash delivered in person or directly into their bank account. Tetley had plead guilty to operating a money transmission business at an earlier hearing. She allegedly traded Bitcoin for between $6 million and $9.5 million in the three years she operated.

According to the prosecutors court papers, Tetleys business fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry.

In terms of punishment for her crimes, the federal prosecutors are calling on U.S. District Judge Manuel Real to sentence Tetley to a 30-month prison sentence. Meanwhile, the defence lawyer is hoping to get this reduced to just 12 months.

In addition to the jail time, the government is requesting that 40 Bitcoin (worth $271,560 at the time of writing), $292,264 in cash, and 25 gold bars that were confiscated by the authorities at the end of March be forfeited.

LocalBitcoins allows its users to post adverts to either buy or sell Bitcoins using a variety of payment methods. Once a buyer and seller have agreed on a price, the cryptocurrency is locked into an escrow system until the seller acknowledges that the payment has been successfully made. They then release the digital currency to the buyer and its paid into the buyers wallet thats hosted on the website. The buyer can then send the digital currency offsite to use it as they please.

The pseudonymous nature of Bitcoin transactions has made their use popular with drug dealers on the dark web and their customers in the past. The U.S. Attorneys Office added to Tetleys crimes that a large portion of the proceeds of her business had previously been involved in drug trafficking.

In the past, LocalBitcoins has been a favourite of those buyers and sellers of the digital currency who want to do so without linking their...

22:52

South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen "IndyWatch Feed Crypto"

South Korea cryptocurrency exchange Coinrail reported that a hack on its site throughout the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens. Executives declared that approximately 30 percent of the tokens the market was home have been taken, which equates to roughly $20 million worth of NPXS tokens, $14 million of Aston Xroughly six million dollars in tokens for Dent and roughly one million dollars TRON. At that time, an investigation is underway, and law enforcement officials are working on work out who had been behind the assault.

Coinrail states: Seventy percent of total coin and token reserves were verified to be securely stored and moved into a cold pocket. Two thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coins businesses. For the rest, were looking at it with an investigative agency, related scam and exchanges developers. , Coinrails daily trading volume is roughly $2.5 million. Even though its technically one of the smaller electronic money trades, Coinrail still ranks among the top 100 around world according to Coinmarketcap.com.

However, Kim Jin Hwa of the Korea Blockchain Industry Association describes the company as a minor player, also says that he can see how such trades with lower standards on security levels can be exposed to additional dangers. , The Coinrail hack will be the fifth largest theft this season. Trouble began in January after almost half-a billion in criptocurrency were stolen from popular Japanese trade Coincheck. BitGrail in Italy was hit in Feb, which resulted in over $200 million worth of cryptocurrency disappearing in only a matter of minutes. Coinsecure was the 3rd victim, also watched over $3 million worth of bitcoin stolen from its wallet last April.

Additionally, an assault occurred just a week ago On Japans Shopin, a worldwide shopper profile based in Japan. Among the companys token distributors was lately hacked and watched roughly $10 million in assorted tokens disappear instantly. The distributors lead kept all tokens in sexy pocket storage despite warnings against Shopin executives, who assert she was sent instructional videos about the sorts of purses that needs to be used. Investors have been increasingly worried about cybersecurity issues, says Adrian Lai, founding partner at Hong Kong based investment firm Orichal Partners. At this point, obviously, the standard isnt large enough. ,At this time, bitcoin is trading for roughly $6, 700, about $900 less than where it stood only 48 hours ago. Ethereum has also dropped from about $602 to $521.

Sources:
bitcoinmagazine.com
...

22:45

CEBIT '18: IOTA and Volkswagen Present Proof of Concept for Autonomous Cars "IndyWatch Feed Crypto"

IOTA and Volkswagen demonstrate their Tangle-driven Proof-of-Concept for the the transfer of software updates between autonomous cars

22:27

Wells Fargo Bans Customers from Buying Cryptocurrency with Credit Cards "IndyWatch Feed Crypto"

Banking giant Wells Fargo has become the latest financial institution to ban its customers from using their credits cards to buy cryptocurrency. Fortune reports that Wells Fargo the third-largest US bank with nearly $2 trillion in total assets as of the end of last year will begin declining transactions made at known cryptocurrency

The post Wells Fargo Bans Customers from Buying Cryptocurrency with Credit Cards appeared first on CCN

22:20

Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations "IndyWatch Feed Crypto"

Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations

Canadian bitcoin investors and cryptocurrency traders are going to be subjected to an increased level of market surveillance soon if the government has its way. Once the proposed regulations are implemented, every transaction above $10,000 CAD will have to be reported.

Also Read: Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets

Crypto Exchanges to Report as MSBs

Canadian Exchanges to Report Transactions Over $10k per Proposed RegulationsThe Department of Finance Canada has issued a Regulatory Impact Analysis Statement regarding proposed amendments to the countrys AML/ATF regime. The statement suggests that Canadian crypto exchanges will be treated as money service businesses (MSBs) and will have to report trades over a certain amount.

According to the proposed amendments published in the Canada Gazette, Persons and entit...

22:18

South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen "IndyWatch Feed Crypto"

South Korean Exchange Coinrail Hacked, $40 Million in Crypto Reported Stolen

South Korean cryptocurrency exchange Coinrail reported a hack on its website during the early morning hours of June 10, 2018. The thieves allegedly made off with over $40 million worth of altcoins and assorted tokens.

Executives announced that roughly 30 percent of the tokens the exchange was housing have been taken, which amounted to nearly $20 million worth of NPXS (Pundi X) tokens, $14 million of Aston X, $6 million in tokens for Dent and over $1 million TRON. At press time, an investigation is underway, and law enforcement officials are working to figure out who was behind the attack.

Coinrail states:

Seventy percent of total coin and token reserves have been confirmed to be safely stored and moved to a cold wallet [not connected to the internet]. Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies. For the rest, we are looking at it with an investigative agency, related exchanges and coin developers.

Coinrails daily trading volume is roughly $2.5 million. Though it is technically one of the smaller digital currency exchanges, Coinrail still ranks among the top 100 across the globe according to Coinmarketcap.com. Still, Kim Jin-Hwa of the Korea Blockchain Industry Association describes the company as a minor player and says he can see how such exchanges with lower standards on security levels can be exposed to more risks.

The Coinrail hack is the fifth major theft this year. Trouble began in January after nearly half-a-billion in cryptocurrency was stolen from popular Japanese exchange Coincheck. BitGrail in Italy was hit in February, which resulted in over $200 million worth of cryptocurrency disappearing in just a matter of minutes. Coinsecure was the third victim, and saw over $3 million worth of bitcoin stolen from its wallet last April.

In addition, an attack occurred just last week on Japans Shopin, a universal shopper profile based in Japan. One of the companys tok...

22:17

KODAKCoin Inks Arena Partnership to Store NBA, NHL Photos "IndyWatch Feed Crypto"

Its first coin offering remains in progress, but a brand new announcement suggests that the staff behind KODAKCoin is working on place the coming cryptocurrency to use. WENN Digital the company that licensed the photograph centric KODAKs brand to get crypto-currency and associated digital rights management system declared Monday that its working with Oak View Group to bridge the sport world with the forthcoming KODAKOne platform. The idea is that fans and photographers in the six participating arenas, such as the San Antonio Spurs AT&T Center, can upload and register photos on the site. We would like to present the KODAKOne Platform to some creative audience which we think will both benefit from its performance and serve as early adopters, Jan Denecke, Chief executive officer of WENN Digital, said in a statement.

The attention, he continued, is on paying photographers equitably and giving them a chance to get in on the ground floor of a brand new economics tailored for them, with protected asset rights management built right in. . The platform, KODAKOne, also cryptocurrency, KODAKCoin, according to WENN Digital Chief executive officer Jan Denecke is about paying photographers fairly and giving them a chance to get in on the ground floor of a new economics tailored for them, with protected asset rights management built right in. Photographers can register their work and store it on the KODAKOne platform. Then, the neighborhood of artists participating with the platform have the ability to utilize the KODAKCoin as a way of payment either for sale or licensing under the security of an encrypted blockchain that monitors possession and applies the rights of artists to content.

In the six participating sports arenas, enthusiasts will be encouraged to download, record and share their live event pictures or video on KODAKOne and have the chance to be rewarded with payments in KODAKCoin. Dohnanyi said on the partnership that the places would offer groundbreaking access into the world of sports and amusement. Denecke further added that the arenas were also a natural place to begin given the millions of fantastic live events photos generated annually in OVGs Arena Alliance places . The OVG Arena Alliance is a membership alliance of top notch places reaching 65 million consumers annually united through major cities in North America.

Oak View raised $100 million in a financing round earlier this season. Prudential Center, home of the NJ Devils, 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...

22:00

Japanese Giant Fujitsu Unveils Blockchain System for Retail Rewards "IndyWatch Feed Crypto"

Japanese information and communication technology giant Fujitsu has revealed plans to use the blockchain to create a rewards system think coupons and loyalty points for the domestic retail market.

Fujitsu Intelligent Society Solution Blockchain Asset Service

The distributed ledger-based system which will be exhibited at Interop Tokyo from June 13 to 15 is called the Fujitsu Intelligent Society Solution Blockchain Asset Service, and is operated via a cloud platform. The system targets retail operators, specifically food markets, tourist attractions, and shopping centers.

With the new service, customers will be able to manage and collect digital stamps by scanning QR codes in designated areas within stores in order to redeem benefits and coupons. In a press release last week, Fujitsu said that consumer habit data, as well as things like age and gender, would be gathered and stored on the blockchain to be used for analysis. 

Retailers who adopt the platform may implement the service to connect with various promotions and events. The service is designed for customer safety, with anyone familiar with blockchain technology or not, being able to access the platform with ease.

By connecting events and promotions held in tourist areas or shopping centers with this service, users can improve the rate at which they attract customers and increase their willingness to buy. At the same time, they can also more effectively set strategies for regional revitalization, based on the activity patterns of users seen in the analysis results, and on such factors as the use of the coupons and other benefits, the company said.

So far, Fujitsu has worked with Taiwan FamilyMart and the city of Chiba (in partnership with Chiba Bank) to trial the digital promotion system. The company has also partnered with IOTA and set up a Blockchain Innovation Center in Belgium that promotes innovation within the industry, a move representative of the companys intentions to use blockchain to address wider societal issues, including smart city functions.

Fujitsu and Smart Contracts

Earlier this year Fujitsu announced developments with regard to...

21:51

Swiss Bank to Allow Business Accounts for Crypto Companies "IndyWatch Feed Crypto"

Switzerlands mortgage lender Hypothekarbank Lenzburg has announced that itll open business accounts for crypto businesses. While cryptocurrency and blockchain technologies have been broadly accepted in Switzerland, the banks havent been as friendly. With the exception of the Falcon Private Bank, which provides asset management solutions, Hypi will be the first Swiss bank to open its weapons to the crypto community. Hypothekarbank Lenzburg Chief executive officer Marianne Wildi explained that a lender like Hypi, focused mostly on technology, has to engage with the blockchain market. As a bank thats technologically oriented and pursues a cooperative strategy in the arena of fintech, its also one credibility to work with the young industry of crypto and blockchain companies in Switzerland.

Wildi, who has advocated for the introduction of a franc cryptograph from the past, added that while her lender is excited about working with crypto businesses, theyre well aware of the money laundering issues which come with them. She said that the bank had studied the appropriate compliance issues and hazards associated with the market, in addition to informing the Swiss regulators before opting to work with crypto companies. According to Wildi, the choice procedure for new clients will be strict as Hypothekarbank Lenzburg will just consider blockchain companies after carrying out in depth due diligence on the bank will use an.

The bank will use an expert 3rd party to analyze inquires and run background checks before the lender makes a final decision. Reports shows the nation is the largest contributor of ICO funds relative to the number of ICOs. Switzerland is a choice incubator for all crypto and blockchain related. New information a blockchain on June 25, 2018 found elsewhere. A blockchain on June 25, 2018 employing a blockchain on June 25, 2018.

Sources:
bitcoinmagazine.com
offers
said
crypto-franc
Swiss regulators
petition
...

21:45

Bitcoin's Price Is Below $7K and (Some) Hodlers Aren't So Happy About It "IndyWatch Feed Crypto"

The price of bitcoin hit a two-month low over the weekend and social media is alight with speculation about it.

21:22

Swiss Bank to Allow Business Accounts for Crypto Companies "IndyWatch Feed Crypto"

Swiss Bank to Open Business Accounts for Crypto Companies

Switzerlands mortgage bank Hypothekarbank Lenzburg (Hypi) has announced that it will open business accounts for crypto companies.

While cryptocurrency and blockchain technology have been widely accepted in Switzerland, the banks have not been as friendly. With the exception of the Falcon Private Bank, which offers asset management services, Hypi will be the first Swiss bank to open its arms to the crypto community.

Hypothekarbank Lenzburg CEO Marianne Wildi said that a bank like Hypi, focused primarily on technology, has to engage with the blockchain industry. "As a bank that is technologically oriented and pursues a cooperative strategy in the field of fintech, it is also one credibility to work with the young industry of crypto and blockchain companies in Switzerland."

Wildi, who has advocated for the introduction of a crypto-franc in the past, added that while her bank is looking forward to working with crypto companies, they are well aware of the money laundering problems that come with them.

She said the bank had studied the relevant compliance issues and risks associated with the industry, in addition to informing the Swiss regulators before deciding to work with crypto companies.

According to Wildi, the selection process for new customers will be rigorous as Hypothekarbank Lenzburg will only consider blockchain companies after carrying out in-depth due diligence on them. The bank will use an experienced third party to analyze inquires and run background checks before the bank makes a final decision.

The announcement from Hypothekarbank Lenzburg comes some few days after the Swiss Blockchain Taskforce launched a petition calling for "bank accounts for blockchain companies."

Switzerland is a prime incubator for everything crypto and blockchain related. New...

21:17

Lithuania Publishes ICO Guidelines, Aligns with United States Sentiment "IndyWatch Feed Crypto"

The Ministry of Finance of the Republic of Lithuania released guidelines for ICOs in the country on June 6. The published guidelines follow statements by the United States SEC that align ICOs as securities, as CCN reported last week. Lithuania has stood out as a major player in Europe for welcoming blockchain startups and businesses.

The post Lithuania Publishes ICO Guidelines, Aligns with United States Sentiment appeared first on CCN

21:01

You Cant Ban Blockchain. Its Math: a Talk with Jimmy Wales "IndyWatch Feed Crypto"

Jimmy Wales on blockchain, advertising, regulations that dont make sense and boats

21:00

Number of Japanese Bitcoin Spenders Slowly but Steadily Increasing Says Bic Camera "IndyWatch Feed Crypto"

Number of Japanese Bitcoin Spenders Slowly but Steadily Increasing Says Bic Camera

A year after the Japanese government recognized cryptocurrency as a legal form of money, bitcoin payments are steadily going mainstream. Bic Camera is one of the most profitable electronic, cosmetic and duty-free goods stores in Japan. It has now revealed that even though less than 1% of payments have been made in BTC since it started accepting bitcoin last year, the number of Japanese bitcoin spenders is slowly and steadily increasing, it observed. 

Also read: Media Frenzy in Japan as Bic Camera Starts Accepting Bitcoin

Bic Cameras Year-Long Relationship with BTC

Bic Camera started taking bitcoin in a limited capacity shortly after the Japanese government came up with new regulations around digital currencies and the exchanges that are handling them in April 2017. In an interview with news.Bitcoin.com, Masanari Matsumoto, Bic Cameras PR and IR Chief, revealed that the average bitcoin spenders were younger Japanese males.

When Bic Camera first installed the Bitcoin payment system in its stores, we expected that the customers paying in Bitcoin would mostly be foreigners, he said. But it turned out to be quite different. We noticed that Bitcoin was becoming very popular. Then the government announced that Bitcoin was officially legal, so we finally felt more comfortable introducing Bitcoin as a method of payment in our stores, Matsumoto explained. Bic Camera always aims at responding to its customers demands, and there was a huge demand at the time.

When Bic Camera started taking BTC in April of 2017 at two of its largest stores in central Tokyo, they noticed an increase in demand from customers. They later expanded the option in their entire 40 stores nationw...

21:00

Tether Overtakes Monero and Dash as Investors Wait for Bull Market "IndyWatch Feed Crypto"

U.S. dollar backed stablecoin Tether (USDT) has overtaken privacy coins Monero and Dash to reach the 12th highest cryptocurrency by market cap following a recent drop in prices. As crypto investors store more of their value in Tether, the amount of money waiting for a bull run to enter the market is on the rise.

Tether Shows Market Potential

Over the past two weeks, Monero and Dash have succumbed to the downward pressures of the current bear market and dropped below Tether, which has a market cap of $2.5 billion. This highlights how many people who own cryptocurrencies have moved into the altcoin during the past six months, and the amount of money thats ready to move back into the market when conditions are favourable.

While Tethers market cap is only a fraction of the crypto total market valuation, it may account for up to 25% of the industry. Developer Sam Aiken points out that Tethers market cap directly relates to the number of dollars held by owners while the market total of a cryptocurrency is much greater than the amount of money put into it.

An analysis by JPMorgan held that only $6 billion had entered the industry by February 2017 when the total market cap was $300 billion. Even if we double that figure to represent the influx of money over the past year, the amount of money held in Tether would account for about a fifth of the total in cryptocurrencies ($292 billion today). It is not surprising then that the 12th ranked altcoin accounts for 20% of the 24hr volume rankings by currency. This shows the amount of money thats waiting for the next bull run.

Questions Remain Over Tether

On June 6, the U.S. Commodity Futures Trading Commission (CFTC) refused a Freedom of Information (FOI) request for the subpoenas issued to Tether last year. It is unclear what the subpoenas were for, but questions have been raised over whether each Tether is backed by a U.S. dollar as it claims. This issue resurfaced after 250 mi...

20:26

Crypto Exchange Binance to Offer Fiat-Crypto Trading via Malta-Based Platform "IndyWatch Feed Crypto"

Binance announces upcoming euro-crypto trading through separate Malta-based exchange

20:16

UKs Financial Watchdog Issues Letter to Banks on Crypto Risks "IndyWatch Feed Crypto"

The U.K.s Financial Conduct Authority has written to bank CEOs over the possible risks they face when dealing with cryptocurrencies. As a British regulator for about 58, 000 financial services companies and the financial markets in the Uthis latest warning, the FCA addresses the banks especially and urges greater scrutiny of customer .K.this latest warning, the FCA addresses the banks especially and urges greater scrutiny of customer. With this latest warning, the FCA addresses the banks specifically and urges greater scrutiny of client and client activities if theyre considered inexcusable dealing in what the agency calls cryptoassets. For bank clients who offer solutions carrying out due diligence on key people from the customer business and danger of financial crime comprise, that existing financial crime frameworks satisfactorily represent the crypto related activities that the making sure that existing financial crime frameworks adequately reflect the crypto related activities which the company is involved .

While acknowledging that not all enterprises and people holding or trading in cryptocurrencies would pose the exact same degree of danger, the FCA did flag a few highs hazard indicators. These include a client utilizing a country sponsored cryptocurrency, which was designed to evade international financial sanctions a sign that trading Venezuelas petro token can get your account closed. Another red flag cited comprises retail clients cryptocurrencies are criminal in nature, it offerings. In accordance with the FCA letter, these clients are in a heightened risk of fraud. Not all motives for utilizing cryptocurrencies are criminal in nature, it carries on, but given the possible anonymity as well as the capability to move money between nations, The leader in blockchain news, CoinDesk is a media outlet that between cryptocurrencies. City of London 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
before
warning
Venezuelas petro token
City of London
s...

20:13

Bitcoin Price Decline Caused by Hodlers Unprecedented $30 Billion Sell-Off: Research "IndyWatch Feed Crypto"

When the bitcoin price declined from nearly $20,000 in Dec. 2017 to below $6,000 during the first quarter of 2018, many observers blamed new investors whose shaky hands had never endured a true bear market. However, new research from blockchain analytics firm Chainalysis suggests that it was long-term investors, hands calloused from years of hodling

The post Bitcoin Price Decline Caused by Hodlers Unprecedented $30 Billion Sell-Off: Research appeared first on CCN

20:00

Binance Announces Euro Trading and UK Exchange License "IndyWatch Feed Crypto"

Binance is taking an extra step into closer regulatory scrutiny as the cryptocurrency exchange plans to offer fiat-to-crypto trading to its customers.

The operator, which is now based in the European country of Malta, has been dodging regulation since inception in order to have some of the least rigorous know-your-customer (KYC) policies within the industry and supports initial coin offerings (ICOs).

Binance Embraces Regulatory Scrutiny with Euro Trading and UK Exchange License

One of the worlds largest digital currency exchanges by traded volumes, with $1.7 billion exchanging hands each day, is about to allow clients to cryptocurrencies into fiat currencies. Zhao Changpeng, CEO of Binance, headquartered in Malta, told Bloomberg that the euro, the official currency of the Eurozone which is controlled by the European Central Bank, will be the companys next bet.

Binance will allow euro trading later in 2018 and eventually add more fiat currency options for its customers. The unavailability of cashing out digital tokens in fiat currency serve as a sound business model for many operators who look to avoid the regulatory trap associated with dealing official currencies on a trading platform.

Zhao added that Binance is also opening an office in Jersey, a self-governing dependency of the United Kingdom, where the company is about to receive an exchange license from the correspondent financial watchdog, the Financial Conduct Authority (FCA).

The regulator has recently provided U.S.-based cryptocurrency exchange Coinbase with an e-money license, which enables the operator to provide payment services and issue digital cash alternatives to be used for card, internet or phone payments. In May 2018, the FCA announced an investigation into 24 different cryptocurrency companies to determine whether they might be carrying on regulated activities that require FCA authorization.

In addition to the new office in Jersey, Zhao told Bloomberg that the company is in dialog with Taiwan authorities and banks in order to set up a shop in the country this year. Cryptocurrencies lost $42 billion of market value over the weekend after a hack at a South Korean exchange.

The exchange spent most of its young, but...

19:48

Bitcoin Cash Innovation Continues with the First On-Chain Atomic Bet "IndyWatch Feed Crypto"

Bitcoin Cash Innovation Continues With the First On-chain Atomic Bet

Just recently news.Bitcoin.com wrote about a trustless betting protocol designed by Jonald Fyookball called Chainbet, a protocol that enables simple coin flip wagers using the Bitcoin Cash (BCH) blockchain. Since then the Openbazaar developer Chris Pacia performed the first atomic bet utilizing the BCH networks re-enabled OP_Codes and Fyookballs Chainbet concept.

Also read: Chainbet Protocol Proposes a Trustless Bitcoin Cash Betting Mechanism

The First Trustless Atomic Wager Utilizes Bitcoin Cash OP_Codes

Bitcoin Cash Innovation Continues With the First On-chain Atomic BetOpenbazaars Chris Pacia.

This weekend the Openbazaar developer Chris Pacia has performed the first atomic bet using the BCH networks OP_Codes in order to demonstrate a trustless wager. Pacia said he tried the idea using ...

19:30

Is Bitcoin a Ponzi Scheme and or a Fraud? (Video) "IndyWatch Feed Crypto"

Is Bitcoin a Ponzi Scheme and or a Fraud? Video smaulgld Video Source

The post Is Bitcoin a Ponzi Scheme and or a Fraud? (Video) appeared first on The Daily Coin.

19:30

PR: trade.io Announces Massive Airdrop Campaign "IndyWatch Feed Crypto"

trade.io Announces Massive Airdrop Campaign

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.

trade.io has announced the upcoming launch of an unprecedented ongoing airdrop campaign, which will enrich the portfolio of existing Trade Token (TIO) holders with potentially hundreds of different Alt Coins.

With this campaign, any TIO holder is automatically qualified to benefit from ongoing token airdrops from high potential ICOs. Such ICOs have undergone an extensive vetting process by the experienced trade.io consulting team for AML processes, technical viability and longevity, and as a result have been verified as high potential projects by the company.

trade.io targets to airdrop as many as 2 million tokens (sometimes more) per verified ICO, specifically to its TIO holders and to its loyal community. Clients who have already passed the strict trade.io vetting processes and who are in line to distribute their Alt Coins to the trade.io network include: TV-TWO, ICO Watchdog, INGOT Coin, DarcMatter, ZeroEdge. Another 50 ICOs are already in discussions to join the trade.io ICO consulting pipeline. This could potentially make 100 million coins available for airdrop to TIO holders within the coming months.

How does the airdrop work*:
Community members who join in trade.ios telegram groups plus the ICO clients telegram group will automatically be airdropped a pre-set percentage of tokens.

Existing TIO Holders who actively participate into the ICO of the client via the upcoming trade.io airdrop web page will be eligible to receive a significant number of additional Alt Coins. The top raffle allocation is USD 100,000.

trade.io will take a snapshot of all wallets holding TIO anybody holding over 2,500 TIOs will be eligible to receive an additional airdrop. This will be an ongoing process for any ICO launched on the trade.io platform.

TIO holders who participate in the ICO via the trade.io link will be eligible to receive additional bonuses over and above what the client ICO is offering.

To register to be informed about upcoming airdrops, visit...

19:30

KODAKCoin Inks Arena Partnership to Store NBA, NHL Photos "IndyWatch Feed Crypto"

Created by WENN Digital, KODAKOne and the KODAKCoin is announced to launch at 6 major OVG sports venues reaching over 10 million fans per year.

19:06

Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store "IndyWatch Feed Crypto"

Apple has revealed its revised guidelines in a dedicated section for iOS and MacOS apps centered on the cryptocurrency space. As bitcoin prices peaked near $20,000 in December 2017, Apple unveiled a new section of guidelines specific to cryptocurrencies and ICOs on December 20th.  For instance, apps facilitating any exchange or transfer of cryptocurrencies like

The post Apple Publishes Revised Cryptocurrency, ICO Guidelines for App Store appeared first on CCN

18:27

Lithuanian Govt Releases ICO Guidelines That Aim to Create Certainty and Transparency "IndyWatch Feed Crypto"

Releasing new ICO guidelines, Lithuanias govt says the brave new crypto economy world is here to stay

18:16

LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business "IndyWatch Feed Crypto"

A LA bitcoin trader faces over a couple of years in jail for having operated what prosecutors say is an illegal money transmitting business. Fifty year-old Theresa Tetley, that worked under the name Bitcoin Maven, made at least $300, 000 annually from trading a bitcoin on Localbitcoins.com between 2014 and 2017, according to NBC LA. She made transactions over that time worth from six million dollars to $9.5 million. Tetley has already pled guilty to operating an unregistered money transmission business and exchanging around 80 BTCs for $70, 000 in a transaction that prosecutors allege involved the proceeds of drug trafficking, according to the court documents.

The ex trader now faces a 30 months national jail sentence for the offenses, even if the government gets its way in court on Monday, even though her defense team is pushing for a lesser sentence of one year. Federal prosecutors also hope to seize 40 BTC, $292, 264 and 25 gold bars seized by law enforcement agents in March, in accordance with the report. The prosecutors office said in court documents that Tetleys activities fueled a black market financial system at the central district of California which purposefully and intentionally existed out of the bank market. Though the case is thought to be the first of its type in Southern California, according to NBC LA, other bitcoin traders have run afoul of authorities from other portions of U.S.

At the last calendar year. A Detroit bitcoin dealer was sentenced in December 2017 to 366 days in jail for similarly running an unlicensed money services business. Sal Mansi sent a bitcoin transaction also using localbitcoins.com through a corporation he owned, ultimately conducting $2.4 million bitcoin transactions on a 2 year period. In another case linked to Localbitcoins, father and son trading team Randall and Michael Lord were last May handed down jail sentences of 106 months and 46 months, correspondingly, for conducting an unlawful money business. Michael Lord also pled guilty to a charge involving narcotics distribution. Jail image 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
NBC Los Angeles
worth
sentenced
...

18:09

Bitcoin Price: Bloody Sunday Not Caused by Coinrail Hack "IndyWatch Feed Crypto"

When the bitcoin price fell more than $1,000 and the cryptocurrency market cap shed more than $40 billion on Bloody Sunday, many media commentators attributed the decline to a security breach at a small cryptocurrency exchange in South Korea. However, Mati Greenspan, senior market analyst at eToro, says that claim is misguided. As CCN reported,

The post Bitcoin Price: Bloody Sunday Not Caused by Coinrail Hack appeared first on CCN

17:35

UK's Financial Watchdog Issues Letter to Banks on Crypto Risks "IndyWatch Feed Crypto"

The U.K.'s Financial Conduct Authority has written to bank CEOs over the risks of "facilitating financial crimes which are enabled by cryptoassets."

17:20

Large Passenger Bus Companies in Brazil Start Accepting Three Cryptocurrencies "IndyWatch Feed Crypto"

Large Passenger Bus Companies in Brazil Accept Three Cryptocurrencies

Two major passenger bus companies in Brazil have started accepting cryptocurrency payments for ticket sales. The companies say they are the first in the sector to accept crypto payments in the country. One of them has more than 800 buses; the other claims to have the newest and most modern fleet in Brazil.

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

Three Cryptocurrencies

Large Passenger Bus Companies in Brazil Accept Three CryptocurrenciesTwo public transportation companies of the GBS Group have decided to accept payments in cryptocurrencies. Brasil Sul and Viao Garcia both started accepting BTC payments for online ticket sales on June 6. The crypto payment option has already been added to their websites.

The companies wrote, In the country, it is the first group of passenger transports to accept crypto payments, adding that:

The group opted, initially, to use bitcoin (BTC), the most popular virtual currency on the market today[and] by July, two other cryptocurrencies will be accepted: bitcoin cash and litecoin.

...

17:04

Binance Has Quadrupled Its User Base Since January, Will Launch EUR Pairs "IndyWatch Feed Crypto"

The last six months have seen the cryptocurrency market endure a steep decline and many casual investors turn their attention elsewhere, but for exchange operator Binance it has been a period of unmitigated growth. The company, which operates one of the worlds largest cryptocurrency exchanges, reports that its user base has quadrupled since the beginning

The post Binance Has Quadrupled Its User Base Since January, Will Launch EUR Pairs appeared first on CCN

16:52

Bitcoin price takes a hit due to hack on South Korea's Coinrail exchange "IndyWatch Feed Crypto"

There were numerous hacker attacks on cryptocurrency exchanges throughout the past year. Each time these hacks led to a decrease in value not only of the coins stolen, but of cyptocurrencies as a whole. Bitcoin's price has fallen to $6,627 (on the Bitstamp exchange) on the news of a hack of a major cryptocurrency exchange in South Korea - Coinrail. The cryptocoin's value has reached a two-month low, losing $500 in just an hour, The Guardian reported. Coinrail released an official statement on June 10 saying that a "cyber intrusion" had taken place, leading to a loss of 30% of its total coins in trade. The rest of the coins were then moved to a safe "cold valet," which is disconnected from the internet.

16:45

LA Bitcoin Trader Faces 30 Months in Jail for Illegal Money Business "IndyWatch Feed Crypto"

A 50-year-old woman, who traded bitcoin as "Bitcoin Maven," faces 2.5 years in jail for having run an illegal money transmitting business.

16:39

WATCH LIVE! Exploring New Bitcoin Cash Proposals and Discussing DASH with Jol Valenzuela "IndyWatch Feed Crypto"

By Vin Armani Watch Live at 1pm EST (10am PST). In the first hour we explore an intriguing set of proposals to alter the nature...

16:33

Swiss Vote Down Sovereign Money Referendum That Commentators Compared to Bitcoin "IndyWatch Feed Crypto"

Switzerlands sovereign money referendum, which failed yesterday, would have created a non-debt based economy a system some compared to Bitcoin

16:16

Swiss City Plans Blockchain Voting Pilot Using Ethereum-Based IDs "IndyWatch Feed Crypto"

The Swiss city of Zug, known for its proactive support of the blockchain industry, is launching a voting aviator which will base both polling system and residents IDs on blockchain technology. The e voting aviator, thatll Take place between June 25 and July 1, was developed as part of the citys attempts to embrace more blockchain software and will be linked with an electronic identity trial currently underway, the city government said in a statement on Friday. In July 2017, the city announced plans to establish an ethereum based application called uPort to digitize local resident ID information. The aviator phase got started in Nov and now more than 200 residents have signed up for a new service, in accordance with the announcement.

Using their digital ID, local residents will be capable to cast votes in the one off blockchain polling aviator, although the city government indicated that the vote is an advisory test and the results wont be binding. The main purpose of the test, he added, is to review the security aspects of the survey system, analyzing if platform is capable of gaining immutability, testability and traceability while maintaining voter privacy. The use case for blockchain in voting systems with its potential to remove election fraud and provide immutable records is one which has seen a notable interest both from authorities at different levels of governance and from within finance.

Nasdaq announced in Nov was developing a digital shareholder voting system based on blockchain for the South African capital markets, while Santander used the technology For shareholder voting in its cancellation AGM in May perhaps a world first. Over in Russia, Moscows municipal government announced in March that it was expanding its use of a blockchain based voting platform into the city block level. The Digital Home service allows neighbors in high rises to electronically vote and communicate on issues related to building maintenance and management. And, in the same month, the U.S. State of West Virginia established a voting aviator project for absentee voters in the military by utilizing A mobile application working on blockchain technology, while Sierra Leone also especially piloted the technology in a presidential election. Swiss flag 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
announcement
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16:14

CryptoDredge 0.3.0 is a New Interesting Nvidia GPU Miner "IndyWatch Feed Crypto"

CryptoDredge is a new simple and highly optimized crypto currency miner software for Nvidia GPU mining rigs that supports just a few algorithms at the moment, but performance wise it looks very promising. It support the following algorithms: Allium, Lyra2REv2, Lyra2z, NeoScrypt and PHI1612 and requires Nvidia GPUs with Compute Capability 5.0 or newer (Maxwell or Pascal architecture). Currently Lyra2z support is only limited to GTX 1050 GPUs, all other algoritms should work fine on other Nvidia GPUs. Also have in mind that CryptoDredge is a closed source miner available only for windows at the moment and it comes with a built-in developer fee of 1%.

What caught our interest initially with this new miner is the claim that it is the fastest Lyra2REv2 miner, so we had to compare its performance with the most popular Lyra2REv2 ccminer from from Nanashi that most people still use when it comes to mining Lyra2REv2 on Nvidia GPUs. Well, we can confirm that we are getting around 15% better performance with CryptoDredge vs the same settings using the ccMiner 2.2-mod-r2 fork by Nanashi Meiyo-Meijin on GTX 1080 Ti. So if you are mining a coin using the Lyra2REv2 algorithm or are selling your Lyra2REv2 hashrate on NiceHash you might want to check out the CryptoDredge miner.

For more information and to download the CryptoDredge 0.3.0 Nvidia GPU miner

16:06

Bitmain Raises $400 Million in Pre-IPO Funding, Now Valued at $12 Billion: Report "IndyWatch Feed Crypto"

Bitmain, the dominant force in bitcoin mining, has reportedly raised $400 million as it gears up to go public later this year. Regional media outlet China Money Network reports that the funding round, which values the China-based firm at $12 billion, was led by Sequoia Capital China, a VC that has been quite active in

The post Bitmain Raises $400 Million in Pre-IPO Funding, Now Valued at $12 Billion: Report appeared first on CCN

15:44

Top Trader Tip: I trust trading cryptocurrencies on eToro "IndyWatch Feed Crypto"

An interview with Popular Investor Jay Edward Smith (jaynemesis)

Jay Edward Smith has been trading since he was old enough to save up his own funds; his interest in finance and economics began during his teenage years. Jay joined eToro four years ago, growing his reputation as a leading authority on cryptocurrencies. Theyre very volatile, with far fewer traditional investors in the space, says Jay of his favourite trading asset. Even if [cryptocurrency] does dip in the short term, it just turns into a long-term position.

Having been an investor for over 9 years, what made you choose eToro as your platform for trading?

In 2012, I heard about Bitcoin; after studying it for a couple of weeks, I was hooked. By mid-2013, I had become obsessive about the potential future of the technology and was investing most of my savings in crypto. eToro was a trustworthy place where I could trade it alongside more traditional instruments, plus the social features were also really appealing to me.

What are the advantages of social trading?

Social trading is an amazing movement in finance that empowers those who would normally feel unable to benefit from the movements of global markets to be put on a level playing field.

The community on eToro is fantastic, in fact, I chat with my copiers every day. The other thing which simply cannot be ignored is the potential income as a Popular Investor. When I first joined the program, I never expected to earn more than maybe $500 a month, as a bonus to my own trading income. Instead, it was enough to allow me to leave my job to trade full-time.

What were some of the mistakes that you made as a new trader on eToro?

When my copier numbers first began increasing, I became quite nervous and concerned about ensuring I make them money as quickly as possible. As a result, my trading became sloppy. Eventually, I realised that the best way to look after their money responsibly is to trade exactly as I always have treat it like its all my own money. If I was placing $1,000,000 on this trade instead of $2,000, would I still do it? The answer now is always yes.

What advice would you give to new eToro users?

Even if you plan to trade short term, consider if the investment might be worth holding long term when the trade is not...

15:39

Top Trader Tip: Anyone Could Do This "IndyWatch Feed Crypto"

An interview with Popular Investor Lena Birse (Onegirl)

Lena Birse began trading on eToro just over three years ago, and at the time, had no prior expertise in finance. My main profession is being a housewife, she says. Yet, Lena found similarities between investing and her experience in managing a household, and she encourages others to give it a go as well. If youre used to managing a budget at home, you can just as easily manage a portfolio.

Which eToro tool do you consider the most important to your trading, and why?

The use of CFDs for buying stocks. I love the way you can buy bite-sized pieces of any stock. This is important as it allows me to trade with immense flexibility within my budget. This, in turn, is excellent for copiers, giving them access to this incredible market with a relatively small investment. In the past, if you wanted a portfolio of stocks like mine, you would need an account worth millions (or at least a million dollars).

Tell us about your best trade.

My best trades are ones that I have held for the long term. I am pleased to say I was an early Facebook buyer I bought right at the first dip, probably the only time I have truly caught the very bottom of a share price.

What were some mistakes that you made as a new trader?

Using leverage, trying to time the market (speculation), and trading in assets I did not fully understand. All of which I will never do again!

What lessons from other areas of your life have you been able to apply to your trading?

In trading, as in life, always learn from your mistakes. And as Warren Buffet says, Even better, learn from the mistakes of others.

What do you feel sets the great traders apart from the rest?

Two things, really. Great instincts for picking stocks, and having the right temperament...

15:28

Top Trader Tip: Start for Free With a Demo Account "IndyWatch Feed Crypto"

An interview with Popular Investor Wayne Ryan (goodgoing)

I think my initial investment on eToro was probably around $1000, says Wayne Ryan, reminiscing on his humble start just over three years ago. Today, Wayne is one of the platforms top-performing traders, with a strong following of over 27,000 users.

Which eToro tool do you consider the most important to your trading, and why?

The eToro mobile app. Its crucial for trading when you are on the move. Having non-stop access to the markets, day or night, cannot be understated. The mobile app allows me to see charts in real time and set alerts to notify me if I am near key levels of support and resistance.

Tell us about your best trade.

I dont really have a best trade. However, I do have a specific day when I had several great trades that were set in motion leading into the UK referendum. I traded for 24 hours straight, without sleep, during the 16th and 17th of June, 2016. Perhaps fifty or so successful trades were made before, during and after the immediate vote. All trades were selling the Cable.

What was a mistake that you made as a new trader?

Allowing emotions to influence my trading. With time and experience, I have been able to disconnect my emotions from all my trades.

Which lessons from other areas of your life have you been able to apply to your trading?

I have a Bachelor of Science degree in Business Studies. A large part of my studies was learning financial management and accountancy. These skills have been essential in maintaining a low-risk approach to trading, and for clever money management not just for my own account, but now for my many copiers too. Marketing has also played a key role in helping me to promote myself on the platform, and to communicate effectively with both followers and copiers alike.

What do you feel sets the great traders apart from the rest?

Obviously, great traders require the skill set to perform well, whether thats specific to a particular instrument, or as a general approach. To be a great trader requires a steadfast confidence in your ability and in the techniques you use.

What is your personal motto?...

15:20

Crypto and Virtual Reality Meet in Ken Lius Science Fiction "IndyWatch Feed Crypto"

Crypto and Virtual Reality Meet in Ken Liu's Science Fiction

Science fiction writer Ken Liu has written an important short story, Byzantine Empathy, weaving as central to the narrative cryptocurrency and distributed ledger technology. Finally, crypto breaks out of its ghettoization in popular fiction, where it has been the plaything of terrorists and drug dealers, and instead has been used as an elegant background to a larger point. We caught up with Mr. Liu to ask him more about his motivations for bringing such a technical topic into the science fiction community. 

Also read: Fidelity Investments Hints at Entering Cryptocurrency Exchange Space

Author Ken Liu Has Coding Street Cred

No less a personage than Bitcoin core (BTC) developer and ecosystem rockstar Jimmy Song praised science fiction writer Ken Liu as one of the best coders hes ever worked with. Mr. Liu describes his career as bizarre and strange leading up to his foray into professional fiction writing. Hes coded for Microsoft and various startups, and then decided to earn a Juris Doctorate and try his hand at corporate tax law. Hes also an award-winning Chinese language translator, bringing leading science fiction from the East to the English speaking world. All of these pursuits led him to his recent short story, Byzantine Empathy. Its at the sweet spot of Mr. Lius many forms of mastery: code, law, language. Its also a literate take on cryptocurrency and distributed ledger technology, which are integral to the story as essential parts.

Twelve Tomorrows i...

15:19

Top Trader Tip: Share Information and Learn From Others "IndyWatch Feed Crypto"

An interview with Popular Investor Wesley Warren Nolte (Wesl3y)

Im able to absorb information and make decisions based on many sources of information very quickly, says Wesley Warren Nolte about his trading abilities. The [eToro] platform is open, so you have a place where people can share information. This kind of collaboration, unique to our social trading community, is one of the many reasons why Wesley prefers eToro.

 

After being an investor for over 15 years, what made you choose eToro as your platform for trading?

At first, I was curious about how a social network built around trading might work. Then I was hooked by the amazing UI, the amount of information I could get from others on eToro, and the CopyTrader mechanism.

What are the advantages of social trading?

The eToro community is great, and I engage with my copiers quite a lot. When I post a piece of information about something Ive found useful, there is almost always an interesting conversation that follows. Quite often, Ill learn a bit more about that topic. Learning is a never-ending process, and I feel that being part of an intelligent community accelerates that process.

What were some mistakes that you made as a new trader on eToro?

I got burnt badly by not doing my research on those that I copied, I used leverage too heavily, and I was impatient.

What advice would you give to new eToro users?

Be patient; the markets go down as well as up, so expect to be in the red sometimes. Find great traders, and try to learn from them by copying their trades.

What is your take on cryptocurrencies?

They will change the world in so many ways. These are global currencies no longer owned by any country, which could have huge implications for politics and the way our world works. Eventually, some crypto-based marketplaces will allow people to trade anything for anything else, with almost no cost to either party. Imagine selling your old iPhone for 2.5 months worth of electricity, or your old furniture for a partial investment in a new building development Its mind-bending, but very cool.

How do you think the long-ter...

15:03

Who are the Crypto Investors? "IndyWatch Feed Crypto"

Investment in cryptocurrencies has grown exponentially over the past few years. eToro takes a look at the people behind these figures to see who is investing in these online currencies.

Looking at data from March 2017 February 2018, we analysed the profiles of those investing in cryptocurrencies, from age to gender to job sector. This brought up some interesting results such as that most investors have little to no previous experience and many are students or working in sales/marketing roles.

Find out more about who the crypto investors are below:

etoro

 

*Cryptocurrencies are a highly volatile investment product. Your capital is at risk.

About the Author: Mati Greenspan is a Senior Market Analyst at eToro

Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC 
or any of its team members. NewsBTC is neither responsible nor liable for the accuracy of 
any of the information supplied in Sponsored Stories/Press Releases such as this one.

The post Who are the Crypto Investors? appeared first on NewsBTC.

15:01

The Moscow Stock Exchange is Preparing to Display ICO Market Data "IndyWatch Feed Crypto"

The Moscow Exchange, Russias largest stock exchange operator, is reportedly preparing the infrastructure to publish ICO (initial coin offering) information for investors this year. Moscow Exchange (MOEX) chief executive Alexander Afanasiev told Reuters that the bourse is preparing the basic infrastructure to enable companies display their tokens alongside other relevant details in a service that

The post The Moscow Stock Exchange is Preparing to Display ICO Market Data appeared first on CCN

15:00

What Would Happen to Crypto in a Global Market Meltdown? "IndyWatch Feed Crypto"

CoinDesk advisory board director Michael Casey takes a look at the state of investor psychology as it relates to the crypto markets today.

14:41

Revolutionary Blockchain Tech is Helping Disaster Victims & Feeding the Hungry Without Government "IndyWatch Feed Crypto"

blockchain

As governments and bankers claim cryptocurrencies and the blockchain are tools of criminals, millions of dollars in aid generated by these technologies are helping the less fortunate all over the world.

The post Revolutionary Blockchain Tech is Helping Disaster Victims & Feeding the Hungry Without Government appeared first on The Free Thought Project.

14:16

CFTC Demands Crypto Exchange Data In Market Investigation "IndyWatch Feed Crypto"

The U.S. Commodity and Futures Trading Commission has reportedly subpoenaed four cryptocurrency trades in a bid to receive their trading data as part of an investigation into market manipulation. According to some The Wall Street Journal report on Friday, the financial market regulator is demanding comprehensive trading data from Bitstamp, Coinbase, itBit and Kraken, which altogether serve as the basis for the bitcoin futures price listed by CME Group. Citing sources familiar with the issue, the WSJ said the subpoena was issued since the CFTC was upset that CME hadnt succeeded in negotiating with the trades for access to their trading data.

The trades rejected the request initially, calling it invasive, in accordance with the report. Even though the trades in the conclusion did submit some trading data, their compliance only came after CME had jeopardized by limiting the selection from his access from a full days activity at only a couple of hours, also to limited market participants. In accordance with report, a failure has irritated CFTC, which oversees CME and gave it green light in December 2017 to list bitcoin futures. All participating exchanges are needed to share info, such as co-operation with inquiries and investigations, stated a CME spokeswoman from the report.

News of the investigation first emerged on May 24, suggesting that the U.S. The Ministry of Justice had launched an investigation to illicit business practices in crypto marketplace in conjunction with the CFTC. According to this report, the government agencies are investigating traders which might have influenced the bitcoin marketplace through old school strategies like sending huge numbers of fake orders. Bitcoin and US dollar 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
The Wall Street Journal
first emerged
Bitcoin and US dollar
strict set of editorial policies

14:02

Cryptocurrency Market Falls $25 Billion Overnight as Bitcoin Drops 6%: Factors and Trends "IndyWatch Feed Crypto"

The cryptocurrency market has recorded a decline of over $25 billion overnight, after an abrupt bitcoin sell-off was recorded on June 10. Analysts have attributed the recent correction to a variety of factors but the market seems to have dropped due to a simple reason: a drop in volume and demand. Low Volume Since last

The post Cryptocurrency Market Falls $25 Billion Overnight as Bitcoin Drops 6%: Factors and Trends appeared first on CCN

14:00

Swiss City Plans Blockchain Voting Pilot Using Ethereum-Based IDs "IndyWatch Feed Crypto"

The Swiss City of Zug is launching a pilot that will allow residents to vote electronically, with both polling system and IDs based on blockchain.

13:54

Bitcoin Price Watch: BTC/USD Bearish Below $7,000 "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price fell sharply and declined below a major support area at $7,000 against the US Dollar.
  • There is a major bearish trend line formed with resistance at $6,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair may perhaps correct a few points higher, but it could face sellers near $6,900 and $7,000.

Bitcoin price declined heavily below $7,000 against the US Dollar. If BTC/USD corrects higher, it may perhaps find a lot of hurdles on the upside.

Bitcoin Price Analysis

The past few hours were very bearish as bitcoin price declined by more than $500 against the US Dollar. The BTC/USD pair started a sharp downside move and fell below key supports at $7,500, $7,200 and $7,000. It even declined below the $6,800 and traded towards the $6,600 level where buyers emerged. A low was formed near the $6,628 and the price is currently correcting higher.

On the upside, an initial resistance is around the 38.2% Fibonacci retracement level of the last decline from the $7,350 high to $6,628 low. On the upside, there is also a major bearish trend line formed with resistance at $6,950 on the hourly chart of the BTC/USD pair. The same trend line is close to the 50% Fibonacci retracement level of the last decline from the $7,350 high to $6,628 low. Therefore, if the price corrects higher, it could face sellers near the $6,900 and $7,000 levels.

Bitcoin Price Analysis BTC USD

Looking at the chart, the current price action is very bearish below $7,000. As long as the price is below the stated level, it remains at a risk of a downside break below the $6,600 level in the near term.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is currently reducin...

13:31

Buy the FUD: Mainstream Media Convinced Coinrail Hack Caused Crypto Price Plunge "IndyWatch Feed Crypto"

Mainstream media misleadingly points to hack of small S. Korean exchange Coinrail as cause of current crypto market dip

13:20

Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets "IndyWatch Feed Crypto"

Bitcoin in Brief Monday: Korean Exchange Hack Takes a Toll on Crypto Markets

The news of another hacked South Korean crypto exchange, widely blamed for the drops across the markets, is the main story in todays edition of Bitcoin in Brief. Other subjects covered include a hospital where you can pay with tokens and a blockchain based cultural center established by a gangster.

Also Read: Womens Interest in Crypto Trading Has Doubled, UK Exchange Reveals

$40 Million Coinrail Hack

Coinrail, a lesser known Korean trading venue, has reportedly been the victim of a hack costing the clients of the exchange over $40 million worth of ICO tokens. The hacker stole $19.5 million in NPXS (Pundi Xs ICO tokens), $13.8 million of Aston X, $5.8 million in tokens of Dent, over $1.1 million of Tron, and at least five other tokens, all just from exchange users not the projects themselves. In response to the event, Coinrail has announced it suspended trading and moved the remaining 70% of its client assets to cold storage, as well as notified the police. While the figures involved are much smaller than past events, many link this incident to the markets bleeding red over the weekend.

...

13:00

#MetaHash Protocol: Solution to Major Issues Plaguing the Crypto Market? "IndyWatch Feed Crypto"

A goal of 60,000 80,000 Transactions Per Second

#MetaHash, a leading blockchain-based digital asset exchange network, and decentralized real-time application platform announced the public debut of its #TraceChain protocol and #MetaGate browser. Now comes the question: an the #MetaHash network solve many of the issues currently plaguing the industry, including partial centralization, high fees, and slow transaction speeds?

Although some dubious quarters had initially considered #MetaHash as a very ambitious project, it has kept abreast of its development roadmap, trailblazing the direction for the cryptocurrency community to branch off from older, existing blockchains that are stagnating due to low scalability and a lack of smart contract or DApp functionality.  With the public debut of  #TraceChain protocol and #MetaGate browser, crypto experts are anticipating that #MetaHash will hurdle a major uphill battle of widespread adoption.

4 Components of a Single, Synergistic Entity

Advertising technology trailblazer Gleb Nikitin joined forces with Anton Agranovsky, an entrepreneurial business, and product development leader, to form #MetaHashs founding team. With a common vision of blockchain interoperability as the future of the distributed web, the team developed #MetaHash  a pioneering next-generation solution based on Blockchain 4.0, which allows networks to interact and integrate with each other.

#MetaHash team has decided to have a look at the architecture of the decentralized ledger from a different angle. The main obstacle to the growth of the speed of all decentralized ledgers (both DAG and blockchain) is the synchronization of data (especially between different continents). Therefore, the first problem, which #MetaHash began to solve, was to achieve the maximum possible network synchronization speed while using the standardized speed for most computers on the Internet bandwidth of 100 MBit/s.

The multi-layered architecture of #MetaHash is the optimal solution for the purpose of using standard computers for the network with the simultaneous maximum synchronization speed and verification of the data. A high-performance network library, created by #MetaHash, has become the basis for building a network of the future.

Four components of the #MetaHash system form a single, synergistic entity:

  • #TraceCh...

13:00

CFTC Demands Crypto Exchange Data In Market Investigation "IndyWatch Feed Crypto"

The U.S. regulator has subpoenaed four crypto exchanges to submit trading data as part of an investigation into market manipulation.

12:53

Zimbabwe Central Bank Defends Cryptocurrency Trading Ban "IndyWatch Feed Crypto"

The Reserve Bank of Zimbabwe has filed opposing court papers supporting its directive to ban cryptocurrency exchange company, Golix, from dealing with banks and saying its directive was procedural. The Zimbabwean apex bank argues that by continuing to process crypto transactions through formal banking channels presented risks to the financial system while Golixs platform for Continued

The post Zimbabwe Central Bank Defends Cryptocurrency Trading Ban appeared first on CCN

12:43

Are ICOs Cashing out en Masse to Crash Cryptocurrency Prices? "IndyWatch Feed Crypto"

Speculation is an integral part of the cryptocurrency industry. This becomes even more apparent when there is a lot of bearish pressure on the market.One has to wonder why these sell-offs keep happening so regularly. The ICO industry may have a role to play in this regard, albeit nothing can be proven right away.

Are ICOs Crashing Cryptocurrency?

There is an interesting correlation between the ICO industry and cryptocurrency market movements. Most projects raise funds in Ethereum to sell their tokens to investors all over the world. As such, these companies hold a lot of funds in Ethereum and other currencies. However, these companies do not hold on to their ETH holdings by any means.

In fact, a recent post claims how a previous major Ethereum price dip occurred due to EOS. This hyped-up alternative currency and blockchain project raised money during a year-long crowdsale. As such, they raised quite a substantial amount of money in the process. To cover the ongoing operational costs, amounts of Ethereum have been converted to fiat currency. That is only normal, as all ICO projects go through the same motions in this regard.

What is rather unusual is how 300,000 ETH was sold prior to getting EOS listed on Binance. Exchanging such vast amounts of money in the span of 60 minutes is very unusual. While there is no official evidence as to who is behind this development, a lot of fingers are pointed at EOS. That in itself is not entirely surprising, as the company had been spending a lot of Ether in the past few days.

Speculation but no Evidence

Although the EOS incident has some evidence, it is all a bit circumstantial at best. There are a lot of other reasons as to why such massive cryptocurrency sell-offs are taking place right now. Manipulation is always an obvious concern, especially in this unregulated industry. Proving that type of nefarious action, is as difficult as confirming whether or not ICOs are selling off their holdin...

12:16

Lithuania Issues Guidelines for When ICO Tokens Are Securities "IndyWatch Feed Crypto"

Lithuanias Ministry of Finance has issued guidelines on initial coin offerings, outlining when cryptographic tokens will be seen as securities and how every facet of a token sale ought to be governed by different laws in the country. In accordance with the document published Friday, a defining feature in the recommended framework is whether or not a token grants earnings or government rights to investors that obtain the token via an ICO. While existing civil code must apply to all jobs with tokens that may only be utilized as a payment instrument or the right to get specific products, many different financial regulations must apply if a token grants earnings or government rights.

The finance ministry further dissects an ICO in many areas, such as tokens which are issued, the entity that organizes the sale, if it participates in secondary marketplace exchanges and if the ICO itself is a crowdfunding action, etc. It goes on to state that these aspects must be regulated by corresponding legislation already in place in Lithuania, like those regulating securities, crowdfunding and financial instruments markets. Whilst the ministry states that the framework isnt an official act of legislation, the campaign aims to bring transparency to the sector to ensure ICOs could grow up in a regulated environment. ICO marketplace hasnt been regulated yet.

Its huge potential, but there are risks that we must manage. We ought to make our attempts to allow Lithuania to become the principal headquarters for all those ICO project promoters that are eager to run in a transparent and organized legal environment, Vilius , apoka, Minister of Finance said in a statement. Additionally to financial regulations, the principle also summarizes thoughts from the countrys auditing, taxation and financial crime investigation agencies about the amount of taxation and anti money laundering rules ought to apply. For example, the guidelines suggestinvestors earnings received from purchase and sale of virtual currency will be taxed standard 15% fixed income tax rate . Lithuanian government building image through 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
published
Lithuanian government building
strict...

12:00

$6K Next? Bitcoin Bear Market Back After 10% Drop "IndyWatch Feed Crypto"

Bitcoin's drop below $7,000 signals a resumption of the sell-off from the record highs in December, according to technical studies.

11:50

Korean Cryptocurrency Exchange Coinrail Suffers $40 Million Theft "IndyWatch Feed Crypto"

South Korean cryptocurrency exchange Coinrail said it was the victim of a hack on Sunday, with reported losses of about 40 billion won ($37.2 million) in cryptocurrency. In a blog post on Monday, Coinrail confirmed it had suspended its services following a cyber intrusion in its systems earlier on Sunday morning. Without disclosing the exact Continued

The post Korean Cryptocurrency Exchange Coinrail Suffers $40 Million Theft appeared first on CCN

11:30

PR: Viola.AI, AI Singapore and Singapore Management University Announced Strategic Partnership "IndyWatch Feed Crypto"

Viola.AI, AI Singapore and Singapore Management University Announced Strategic Partnership

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.

SINGAPORE Viola.AI, the blockchain-powered dating and relationships AI has announced its strategic partnership with AI Singapore, a Singapore government initiative to catalyse, synergise and boost the nations AI capabilities, and Singapore Management University (SMU) to provide dating and relationship solution for singles, couples and married couples with quality matches, date arrangements, helpful relationship advice and recommendation of goods and services.

Viola.AI is the latest product by Singapores home-grown 14-year-old dating company Lunch Actually Group. Co-founders Violet Lim and Jamie Lee are leveraging on blockchain technology to employ a verification system that helps singles have the confidence that they are meeting genuine singles through real-time face scan, photo and social media checks. The Viola. AI team is also creating an evolving smart Love AI based on the users relationship status to help singles find their match and help couples nurture and grow their current relationships.

In 2017, Singapores total fertility rate dropped to 1.16, the second lowest ever recorded. According to the General Household Survey, the proportion of singles in the age group of 2529 age group has sharply increase from 51.7% in 2000 to 71.4% in 2015 in the country. And despite most of them indicated that they wanted to get married in the future, nearly half of singles in Singapore have not dated seriously before, based on the latest study by National Population and Talent Division (NPTD). The top reason for not dating was not being able to find a partner.

When we first heard of AI Singapore, we approached t...

11:00

Lithuania Issues Guidelines for When ICO Tokens Are Securities "IndyWatch Feed Crypto"

Lithuania's Ministry of Finance has published guidance on ICOs, outlining how different aspects of token offerings should be regulated.

10:54

Ex-FDIC Chair: Current Monetary Tools Inadequate, Fed Should Consider Digital Currency "IndyWatch Feed Crypto"

The U.S. Fed needs to seriously look into issuing a digital currency, despite risks for credit availability, says former FDIC Chair

10:16

Dutch Central Bank: Blockchain Cannot Yet Support Financial Market Infrastructure "IndyWatch Feed Crypto"

De Nederlandsche Bank (DNB), the central bank of the Netherlands, recently concluded after a three-year test that blockchain technology cannot currently meet the needs of a financial market infrastructure, the bank announced on its website. The report cites bitcoin technologys inadequacies in the areas of capacity, its high energy consumption and insufficient certainty of transaction

The post Dutch Central Bank: Blockchain Cannot Yet Support Financial Market Infrastructure appeared first on CCN

10:09

Bitcoin News Summary June 11, 2018 "IndyWatch Feed Crypto"

The post Bitcoin News Summary June 11, 2018 appeared first on 99 Bitcoins.

Espaol Heres what happened this week in Bitcoin in 99 seconds.   Japans GMO corporation revealed its new ASIC miner, the B2. The device achieves a 24 terahash per second hashrate for a power cost of 1950 watts, making it about 20% more efficient than Bitmains S9. The B2 sells for $2000 and will [...]

10:00

Crypto Startup Wala Is Reaching Africans with Ethereum Micropayments "IndyWatch Feed Crypto"

South Africa startup Wala is using microraiden for high volume, low-value, off-chain ethereum transactions. And people are using it in the thousands.

09:30

Bitmex to VIPs: Bitcoin Wont Replace Fiat, Just a Useful Niche, Enthusiasts Naive "IndyWatch Feed Crypto"

Bitmex to VIPs: Bitcoin Wont Replace Fiat, Just a Useful Niche, Enthusiasts 'Naive'

Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin cores (BTC) deflationary aspects interesting for speculation and as a payment system, but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a useful niche, and those who think Bitcoin would result in a more prosperous economic system as naive. Its a strange position to take as a bitcoin exchange. 

Also read: Philippines Crypto Wallet Reaches 5 Million Users, Adds More Coins

Before Weirdly Turning, Bitmex Praises BTCs Deflationary Aspects

In conclusion, Bitmex researchers lukewarmly laud bitcoin cores merits, arguing how to many, Bitcoins ability to decouple debt from money and thereby result in a deflationary climate without the deflationary debt spiral problem is the point, rather than a bug. Still, Bitcoin Economics Deflationary Debt Spiral, published recently by the exchange for its VIPs, refers to those who believe bitcoin would result in a more prosperous economic system as being naive. Piling on in this manner, they continue, Bitcoin is a new and unique system, which is likely to cause more economic problems, perhaps unexpected or new ones.

Bitcoin Economics Deflationary Debt Spiral, is the final in a three part series by the Hong Kong-based Bitcoin Mercantile Exchange (Bitmex). Hot shot, risk enticed futures traders are emboldened by the exchanges shorting ability and 100x leveraged cont...

09:07

No, Bitcoin Price Didnt Fall Because a Minor Cryptocurrency Exchange was Hacked "IndyWatch Feed Crypto"

The Bitcoin price has taken another massive dip over the weekend. Pinpointing the exact reason for that development is not all that easy. Some people blame the hack of CoinRail to be the culprit. However, the exchange is a small platform with a less-than-great reputation in South Korea.

CoinRail Hack is Unfortunate

Whenever a cryptocurrency exchange is hacked, panic ensues. In the case of CoinRail, the actual impact on cryptocurrency markets is minimal. It was ranked outside of the top 80 by overall trading platform. Additionally, it mainly specializes in trading smaller tokens with a low market cap and little market presence. With this information in mind, the hack of CoinRail is not important for the major cryptocurrencies.

Even so, some media sources gladly claim otherwise. It is evident the cryptocurrency market has taken a nosedive. The correlation with the Coinrail incident, however, remains unproven and seems virtually non-existent.  It is possible some of the stolen funds from the exchange is converted to Ethereum or Bitcoin in the process. However, that would represent marginal amounts of either currency and cannot trigger a massive market sell-off.

Spooking the cryptocurrency markets has become worryingly easy these days. Any major incident can trigger a wave of panic selling. At the same time, one has to wonder if there isnt more to the ongoing Bitcoin price manipulation investigation launched in the US. All of these correlations seem to occur at the most opportune time for speculators to drive the price down.

Looking for Long-term Momentum

As Binance CEO Changpeng ZHao stated, this most recent dip is not unusual. A lot of volatility takes place in the cryptocurrency world at all times. Ups and downs occur every single day, and it seems that situation will remain in place for some time to come. Lon...

08:32

Coinrail Exchange Hacked, Loses Possibly $40 Million in Cryptos "IndyWatch Feed Crypto"

South Korea-based Coinrail has not disclosed the exact amount lost in the breach, but data suggests the damage could be $40 million.

08:16

The Fed Should Get Serious About Crypto, Says Former FDIC Chair "IndyWatch Feed Crypto"

The Federal Reserve should critically consider its own crypto, the former head of the U.S. Governments deposit insurance company wrote in op-ed a week ago. In an article published Friday by Yahoo Finance, Sheila Bair, the former president of the US Federal Deposit Insurance Corporation, highlighted the pressing need of the Federal Reserve Bank to critically consider the prospects of a main bank issued electronic currency. She cautioned: If it doesnt stay ahead of the technology, not only can banking be disrupted, but the Fed itself may also be in danger. Even a CBDC, theoretically, wouldnt have the exact same type of culpability to big fluctuations in value given appropriate supervision and direction by a centralized authority.

Beyond this, Bair points out that centralized digital monies will be much more efficient instruments for conducting monetary policy to address economic cycles . Currently, the status quo allows the authorities to excite and slow economic activity in periods of recession and flourish, correspondingly, through government sponsored securities sales directed towards national banks. What if the FedCoin an electronic currency issued and backed by the Federal Reserve Bank, was held by all consumers? . Then, changes to rates of interest encouraging savings and at other times, spending, could be felt by customers directly as opposed to throughout the coverage changes of domestic banks.

Bair counters this type of perceived advantage to centralized digital monies by providing a possible downside. Credit accessibility. Consumers wanting to maintain all their wealth in CBDCs would obviously cause credit shortages if parameters arent put in place ensuring banks along with other financial businesses stay competitive against a hypothetical FedCoin. Bairs remarks on the viable utilization of CBDCs from the main bank are timely as police officers around the globe will also be chiming to the conversation considering the merits of cryptocurrencies such as bitcoin in construction, but the state is controlled in vision. Digital dollar concept 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
Yahoo Finance
FedCoin
chiming into
...

08:14

Bitcoin plummets after small crypto exchange hacked "IndyWatch Feed Crypto"

It is believed up to $40 million in cryptocurrencies were made off with in the heist.

The price of bitcoin fell more than 10% after South Korean cryptocurrency exchange Coinrail said it had been hacked and that the hackers made off with some of the lesser-known cryptocurrencies, such as NPXS. It is believed up to $40 million in cryptocurrencies were made off with in the heist, reports TechCrunch. Other cryptocurrencies lifted during the attack were Aston X, Dent, and Tron.

Read Full Story

08:12

Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge? "IndyWatch Feed Crypto"

Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red all through the top 100 trading cryptocurrencies.

Hack Aimed at User Accounts

Coinrail is a relatively obscure exchange that trades 50 coins and is ranked 98th in the world with a 24-hour volume of about $2.65 million, according to data from Coinmarketcap.com. The news came first from the exchanges own Twitter account where they announced that there had been a cyber Intrusion and some coins where confirmed jeopardized.

Further information followed which broke down the haul of altcoins. First on the list is $19.5 million worth of NPXS tokens issued through an ICO held by payments startup Pundi X. Then another $13.8 million of an ICO generated coin called Aston X used on a platform to decentralize documents. These followed by $5.8 million of Dent tokens and $1.1 million of Tron. There were also smaller amounts of five other tokens pilfered in the attack.

Similar to the Coincheck hack earlier this year in Japan the issuing companies werent hacked, the tokens were stolen from user accounts held by the exchange. Coinrail has responded to the hack by taking its service offline and moving the remainder of its assets which it tallies as 70% of its total holdings into cold storage as an investigation is conducted into the crime.

ICOs Proactively Respond

Pundi has reported that it has frozen the nearly $20 million worth of its tokens stolen and ceased trading across all exchanges in order to assist the South Korean police with their investigation. Aston and NPER also reported that they would freeze their stolen tokens with NPER which lost $860,000 adding that it would incinerate their lost to...

07:09

Cardano (ADA/USD) Price Watch: Potential Pullback Scenario "IndyWatch Feed Crypto"

Cardano Price Key Highlights

  • Cardano continues to trend lower below a descending trend line on the 1-hour chart.
  • Long-term support appears to be drawing bullish pressure and a bounce could be due.
  • In that case, Cardano could still encounter nearby resistance at the Fib levels and trend line.

Cardano looks prime for a pullback from its drop and the trend line and Fib levels might keep 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. The 100 SMA is also near the descending trend line to add to its strength as a ceiling.

The 61.8% Fib is closest to the trend line, though, and might keep gains in check close to the 2.0000 major psychological level, which previously held as support. The 200 SMA is at the swing high or 0.2100 level to add an extra barrier.

RSI looks ready to pull up from oversold levels to signal that buyers are returning. A bullish divergence can also be seen as price made lower lows while the oscillator had higher lows.

Similarly, stochastic is turning higher to show that bullish momentum might return. If this is strong enough to take Cardano past the nearby resistance levels, a longer-term climb could ensue.

ADAUSD Chart from TradingView

Market Factors

Cryptocurrencies are on the back foot to start the week as a small South Korean exchange, Coinrail, was reportedly hacked over the weekend. The exchange tweeted that only lesser-known altcoins like Pundi X were affected, but the security jitters still managed to spread across other altcoins.

Meanwhile, the dollar could be under bullish pressure as the FOMC statement looms. Traders are expecting a rate hik...

07:07

Binance User Loses 2 BTC After Hacker Steals Password, How to Prevent Theft "IndyWatch Feed Crypto"

Amidst the brutal market conditions, a Reddit user, BeanThe5th, has somehow managed to get in more trouble than the market is currently in, reportedly losing two Bitcoin in a hack. 

Reddit User Loses Two Bitcoin In Binance Hack

Yesterday, BeanThe5th made a thread in the popular /r/cryptocurrency subreddit, regarding a theft that has occurred on his or her Binance account. Many users who saw this Reddit thread were quite surprised, as it has become common knowledge that Binance is one of the most reputable and secure exchanges that exist.

According to the aforementioned Reddit user, the thieves took two Bitcoins from their account. However, Binance has a daily withdrawal limit in place for unverified users, which stopped the criminals from taking all $50,000 worth of cryptocurrencies from the account. Although some larger investors may see this as a restriction, in this situation, this limit luckily saved a majority of the users funds.

The hackers also managed to take control of all of the users social media pages, along with any other accounts associated with the hacked email addresses. The user also had cryptoassets on other exchanges but confirmed that the funds on the other exchanges were safe and locked on these exchanges.

How Did This Occur?

The hacker(s) managed to get past the often secure two-factor authentication (2FA) by using a SIM swap method. This method of intrusion requires the criminals to pretend to be the targeted individual. The criminal will then need to contact the individuals phone provider, getting the provider to move all SIM information onto the hackers phone. This allows for all two-factor security messages to be sent to the hackers phone instead of the original users device.

As well, the attackers also managed to take control of the users Google Authenticator account, which Binance uses as another layer of security.

Due to the fact that they also had access to the passwords of the individual, it became an easy task to get funds withdrawn from...

07:00

The Fed Should 'Get Serious' About Crypto, Says Former FDIC Chair "IndyWatch Feed Crypto"

Former chair of the FDIC, Sheila Bair, writes on the viability of CBDCs and their need for further investigation.

06:57

Bitcoin (BTC) Price Watch: Can Bulls Defend the Triangle Bottom? "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin is still inside its descending triangle visible on the daily chart.
  • Price is testing support and is approaching the peak of the formation to signal an imminent breakout.
  • Technical indicators appear to be favoring a downside move and a selloff.

Bitcoin is testing the bottom of its descending triangle on the daily chart and could be due 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, a downside break is more likely to occur than an upside break.

In that case, bitcoin price could tumble to the next potential support zones at $4,000 then $2,000. On the other hand, an upside break could still find resistance at the moving averages but the rally could potentially last by the same height as the chart pattern.

RSI is heading lower to signal that sellers have the upper hand. However, this oscillator is dipping into oversold territory to signal a slowdown in selling pressure. Turning back up could bring buyers in again.

Stochastic is also moving south and has more room to fall before hitting oversold levels. This suggests that bears could stay in control of bitcoin price for much longer.

BTCUSD Chart from TradingView

Market Factors

Bitcoin price encountered another wave of selling pressure when it was reported that a small South Korean exchange was hacked. Coinrail tweeted over the weekend about the breach and reported that only lesser-known altcoins like Pundi X were affected. Still, investors couldnt help but revisit security concerns in the overall industry.

Meanwhile, the dollar is facing the upcoming FOMC decision during which a rate hike would likely be announced. More hawkish rem...

06:48

Ripple Price Analysis: XRP/USD Could Revisit $0.50 "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price declined sharply and broke the $0.65 and $0.62 support levels against the US dollar.
  • There was a break below a major bullish trend line with support at $0.66 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may decline further if it fails to hold the $0.55 support area in the near term.

Ripple price crashed and broke many supports against the US Dollar and Bitcoin. XRP/USD could accelerate declines if buyers fail to defend $0.55.

Ripple Price Decline

During the past few hours, there was a sharp downside move from well above $0.68 in Ripple price against the US Dollar. The price broke down and cleared many supports on the way down such as $0.6500 and $0.6200. There was also a break below the $0.6000 handle, which opened the doors for more losses. The current price action is very bearish with a negative bias below the $0.6000 handle.

During the decline, there was a break below a major bullish trend line with support at $0.66 on the hourly chart of the XRP/USD pair. The pair declined and traded close to the $0.5500 level. A low was formed near the $0.5550 level where buyers emerged and protected further declines. At the moment, the price is correcting higher and is trading near $0.5650. An initial resistance is around the 23.6% Fib retracement level of the last decline from the $0.6792 high to $0.5551 low. Above this, the broken support near the $0.6000 handle may act as a resistance.

Ripple Price Analysis XRP USD

Looking at the chart, the price is clearly in a bearish zone below $0.6000. It may continue to move down if sellers remain in control below $0.5800. A break below the $0.5500 support may push the price towards $0.5000.

Looking at the technical indicators:

...

06:17

Bitcoin Price Dips to Two-Month Low Below $7K "IndyWatch Feed Crypto"

The purchase price of bitcoin fell $500 in a single hour Sunday to hit a two month low below $6, 700. According to CoinDesks Bitcoin Price Index, the worlds largest cryptocurrency by market capitalization is currently changing hands at $6, 718, up slightly after attaining a daily low of $6, 647, its lowest total since April 10. Really, data implies that over the last twenty four bitcoin hours failed to find a solid support from the $7, 470 zone, before plummeting 11 per cent to $6, 647. For traders, this implies bitcoins two month uptrend appears to be in doubt.

Trading at about $6, 700, bitcoin is now within striking distance of its 2018 low of $5, 947 set in February. With the bitcoin price falling, so too has the market for many cryptocurrencies, with currently stands at $295 billion, down from $340 billion. The figure also declared two month low for a wider market. Almost all cryptocurrencies recorded shows a 10-20 percent decline in prices over the last 24 hours. Bitcoin and US dollars through 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
strict set of editorial policies

06:16

This Russian Countys Website Was Hacked to Mine Cryptocurrency "IndyWatch Feed Crypto"

A county government web site for Khabarovsk, Russia was lately hacked in order to mine cryptocurrency utilizing the processing power of these visiting. District Administration IT officer Vyacheslav Kovalenko reported that since the end of May, users that opened a page of the web site have been redirected to malicious web site which secretly launched mining applications on their own computers. The malware had been active for 10 days before being removed Thursday, neighborhood news agency Gubernia.com reported. Additionally to procuring the vulnerability within their web site, officials released a report recommending that consumers block pop-up windows in order to prevent similar dangers in the future.

The web site posts info regarding the county governments work and official events and has a visitorship of about 600 visitors every day. Whilst the episode is one of the more noteworthy and neighborhood occurrences of what became known as cryptojacking, the action of clandestine mining has been in the news several times in recent months. In Feb, many workers in the All Russian Scientific Research Institute of Experimental Physics were detained at their office for mining on the institutes supercomputer.

In the same way, last Sept, two IT managers with the Crimea authorities were fired for deploying mining hardware at the government building. In yet another episode last December, workers for Transneft among the largest oil hauling businesses in Russia were caught mining at their office, and also the operator at Vnukovo airport was detained for installing a mining farm in the airport venue. Miner 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
Gubernia.com
recommending
arrested
fired
caught
arrested
strict set of editorial policies

06:00

Just Diversify? With Crypto Portfolios, It's Not So Simple "IndyWatch Feed Crypto"

It's debatable whether investing in a range of coins limits downside as Markowitz's MPT framework would suggest, but it might help capture upside.

06:00

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 0.69 USD
1.00 USD = 0.00015 BTC
Converter

05:48

Ethereum Price Analysis: ETH/USD Crashes To $500 "IndyWatch Feed Crypto"

Key Highlights

  • ETH price declined sharply and traded below the $540 support area against the US Dollar.
  • There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair may correct a few points in the short term, but upsides are likely to be capped by $560.

Ethereum price declined heavily against the US Dollar and Bitcoin. ETH/USD almost tested the $500 level and is currently in a bearish zone.

Ethereum Price Decline

There was a nasty decline in ETH price from well above $600 against the US Dollar. The price traded lower by more than $100 and crashed below many support levels. It declined below the $570, $540 and $525 support levels to move into a bearish zone. It almost tested the $500 level and is currently struggling to recover. The recent low was formed near the $506 level, which means close to the last swing level.

An upside correction is underway, which could lead the price towards the $530 level. An initial resistance is near the 23.6% Fib retracement level of the last decline from the $608 high to $506 low. Above this, there are many hurdles near the $560 level. There is also a connecting bearish trend line forming with resistance at $560 on the hourly chart of ETH/USD. Moreover, the 50% Fib retracement level of the last decline from the $608 high to $506 low is also near the same level.

Ethereum Price Analysis ETH USD

Looking at the chart, the price may correct a few points in the short term, but it could face a lot of barriers near $540 and $560. On the downside, the recent low of $506 is a short-term support. Below this, the price may even break $500.

Hourly MACD The MACD is placed heavily in a bearish zone.

Hou...

05:40

More Japanese Public Companies Entering the Crypto Space "IndyWatch Feed Crypto"

More Japanese Public Companies Entering the Crypto Space

Following reports of six publicly listed companies launching their own cryptocurrency exchanges in Japan, three other firms listed on the Tokyo Stock Exchange have announced plans to enter the space with various crypto offerings.

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

Publicly traded companies in Japan are increasingly seeking to enter the crypto space to offer various crypto-related services. News.Bitcoin.com recently reported that six public companies are planning to launch their own cryptocurrency exchanges including Money Forward, which operates one of Japans most popular personal finance apps. An additional three companies have also announced their plans to enter the space with different product offerings.

Samurai & J Partners

Samurai & J Partners (TYO:4764), established in 1996, offers investment banking, fintech, and IT services. In its core business, the firm invests in listed companies using the method called PIPE (private investment in public equity) investment, its website describes.

...

05:38

Bitcoin Took a Beating but Should be Bouncing Back "IndyWatch Feed Crypto"

Bitcoin has taken a serious beating in the last 48 hours with significant drops happening in two legs plunging the price from just above $7,600 to $6,784 at the time of writing according to livecoinwatch.com. That is a 7.9% loss in 24 hours for BTC but as coins have remained closely correlated in this market where Bitcoin goes the rest follow, every altcoin in the top 100 is showing red this morning on coinmarketcap.

As always the cryptomarket is a volatile space where trading trends are created by emotion as much as any actual outside force but in the case of this weekends carnage, there are at least two contributing factors to blame. First and foremost is the news that another South Korean exchange has been hacked.

Coinrail Hack

Coinrail, a relatively small exchange but still ranked among the worlds top 100 reported at first that it was reviewing its system due to a cyber intrusion and later revealed that $40 million in altcoins had been stolen from user accounts, similar to Japans Coincheck hack earlier this year.

Though the exchange is small and even the $40 million is a low number compared with other hacks the carry on effect can be serious. South Korea has been the third largest market for Bitcoin trading in the world after Japan and the US and has also suffered several major exchange hacks resulting in both fear driven activity on the trading side and calls for more stringent regulation from the government.

This leads to the second factor of regulatory uncertainty which has had an overhanging effect on trading throughout the year but may be coming to a head soon. Since the unprecedented bull market of 2017 came to a crashing halt the threat and hand-wringing of government agencies around the world have caused dips and spikes in the market everytime an official makes a statement concerning the status of...

05:30

Why Is Bitcoin CRASHING Again? What You Need To Know (Video) "IndyWatch Feed Crypto"

Why Is Bitcoin CRASHING Again? What You Need To Know Video WAM Josh Sigurdson reports on the most recent dip in the cryptocurrency market as we see Bitcoin fall around 11% in 24 hours, breaking support levels. After...

The post Why Is Bitcoin CRASHING Again? What You Need To Know (Video) appeared first on The Daily Coin.

05:10

How Amazon Will Supercharge the Blockchain Revolution "IndyWatch Feed Crypto"

How Amazon Will Supercharge the Blockchain Revolution by Justin Spittler Casey Research Justins note: As regular Dispatch readers know, were about to enter a blockchain-based world just like we entered an internet-based world in the 1990s. This is a...

The post How Amazon Will Supercharge the Blockchain Revolution appeared first on The Daily Coin.

05:02

This Russian County's Website Was Hacked to Mine Cryptocurrency "IndyWatch Feed Crypto"

A Russian county website was hijacked, redirecting visitors to a cryptocurrency mining malware site.

04:05

P2P Markets Round-Up: Record Volume Across Canadian and Latin American Markets "IndyWatch Feed Crypto"

P2P Markets Round-Up: Record Volume Across Canadian and Latin American Markets

In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies. The Canadian markets have also produced a dramatic spike in volume recently setting new all-time highs for the number of bitcoins traded for CAD on Localbitcoins.

Also Read: CFTC Subpoenas Leading Exchanges for Trading Data 

Peruvian P2P Markets Post Record Trade Volume

P2P Markets Round-Up: Record Volume Across Canadian and Latin American MarketsIn recent weeks, the Localbitcoins markets of several South American countries have produced record-breaking volume, according to Coin.dance data.

...

03:50

Bitcoin Price Dips to Two-Month Low Below $7K "IndyWatch Feed Crypto"

The price of bitcoin is now trading at its lowest total since April, hours after dropping roughly $500 according to the CoinDesk Bitcoin Price Index.

02:56

Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange "IndyWatch Feed Crypto"

Colombian banks have closed Buda.coms accounts, Alejandro Beltran, CEO of the cryptocurrency exchange, announced. Banks Bancolombia, BBVA and Davivenda have all closed Buda.coms accounts, according to infobae.com. The countrys Financial Supervisor previously sent a notice warning financial institutions about using their platforms to support cryptocurrencies. The letter from Jorge Castano Gutierrez, Colombias financial superintendent, said the

The post Colombian Banks Shutter Accounts of Domestic Cryptocurrency Exchange appeared first on CCN

02:04

Bitcoin (BTC) Price Technical Analysis (June 11, 2018) "IndyWatch Feed Crypto"

Yesterday we saw BTC prices literally crashing after shedding more than five percent. It might be a reactionary move after CFTC Bitcoin Futures investigations. However, what is important is how prices react at key support lines. Those levels stand at $7,000 and $7,100.

Lets have a look at these charts:

Bitcoin (BTC) Technical Analysis

In a new twist of events, Bitstamp, ItBit, CoinBase and Kraken have been asked by the CFTC to submit all trading information as investigations into possible market manipulation in the Bitcoin Futures begins. Note that since the CME and CBoE trading activities are under the oversight of the CFTC and the SEC, exchanges working together to create their index are also under the CFTC microscope. As such they must cooperate during this investigation. Of course, many consider the very nature of cryptocurrencies unsafe for business investment because its not under any form of regulation. It is barring entry of big money to the industry. However, there have been increasing calls for regulation in the recent past.

Some exchanges see this as beneficial and already Gemini is bending and willing to work with US regulators. Gemini is under SEC regulation and even uses CME tools to detect possible manipulation amongst their clients. These unscrupulous market activities-happening in the Bitcoin Futures and the spot market-involves acts of spoofing where large quantities of BTC are bought at artificial highs giving the impression of increasing buys only for dumping to happen shortly afterwards.

Even as this is happening Jesse Powell is not happy in light of the recent CFTC regulatory oversight. In a statement he says saying is now considering the overall cost of them participating in CME and CBoE index price participation. He argues saying that the whole market manipulation talks have been over-emphasized and those involved have little to gain despite all the risks they are tak...

02:02

IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 11, 2018) "IndyWatch Feed Crypto"

Its clear that yesterdays bear moves at EOS, IOTA, Tron-despite announcement of Tron Programming Competition winners-are evident. Of all, EOS is down and rejecting prices above $15. Thats regardless of the recent  mainnet launch and subsequent validation 24 hours later. Will prices recover or will we see bears driving prices below $1.3, $12 and $110 in IOTA, EOS and Litecoin respectively?

Lets look at these charts:

EOS Technical Analysis

So, after periods of deliberation and whether the network is itself secure, EOS was eventually launched. What this means is that after yesterdays EMLG validation, close to 150 million tokens would need to be spent during BP voting which should happen after today. Would the expenditure of these EOS coins crash the market?

The launch has come at the expense of coin holders who have to contend with price slides. From the charts, EOS prices are down nine percent in the last 24 hours and on week over week basis. However, despite the depreciation and potential follow through today, our triggers have not been hit meaning our prior EOS trade plan remains valid. From before, our long triggers are at $12 while sells are valid once we see break below $10.

Litecoin (LTC) Technical Analysis

News around the crypto world hints that the recent decline of crypto prices can be attributed to Coinrail hack...

02:00

Russian Court and Customs Prevent Import of Crypto Mining Equipment "IndyWatch Feed Crypto"

Russian Court and Customs Prevent Import of Mining Equipment

A Russian cryptocurrency miner got into trouble with the customs office when trying to import mining equipment purchased online for personal use. After an appeal, the court sided with the customs office and barred the import of the mining equipment.

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

Importing Crypto Mining Equipment

Russian Court and Customs Prevent Import of Mining EquipmentThe Russian city court in Tobolsk has banned the import of equipment for the mining of cryptocurrency, local media reported last week. Tobolsk is a town in Tyumen Oblast, Russia. The ban, which has already entered into force, applies to a local crypto miner who tried to import mining equipment for his own personal use.

According to the website of the Federal Customs Service of Russia, the resident of the city of Tobolsk purchased server equipment for his own needs from an online store. The citizen declared:

The goods [crypto mining equipment] are intended for personal use, for mathematical and...

01:52

Number of Women Eyeing Crypto Investing Doubled Since Start of Year "IndyWatch Feed Crypto"

13% of women now considering investing in cryptocurrencies, up from 6% at the beginning of the year, new research shows

01:51

DogeCon Bringing Blockchain Memes to Vancouver "IndyWatch Feed Crypto"

DogeCon is shaping up to be one of the most unique blockchain events in the world. Under the banner of the Dogethe Shiba Inu-turned Internet meme that inspired one of the worlds biggest cryptocurrenciesthey are combining crypto-economics, meme culture, and radical decentralization to create unity in the blockchain community.

The first DogeCon will be held in Vancouver, Canada, between June 21-24. There are four main events scheduled over the weekend, with the time in between open as a semi-permissionless showcase of the thriving technology, art, and culture of the city. Crypto-economists, traditional theorists, and decentralist Shibes will be invited to discuss some of the fundamental ideas around disruptive technologies such as the blockchain.

DogeCon Vancouver 2018 will be hosted by Carpe Lunam Events Association, a member-run non-profit society that organizes events which promote collaborative community dialogue on blockchain technology, voluntaryism, and non-hierarchical governance. They have partnered with prominent blockchain projects like Presearch, UBIQ, Honey Badger, CoinCards, BitNational, ...

01:00

Markets Update: Crypto Prices Take a Weekend Beating "IndyWatch Feed Crypto"

Markets Update: Crypto Prices Take a Weekend Beating

Cryptocurrency markets are suffering from deep losses today, on June 10, 2018, as most digital assets are seeing 24-hour declines between 9 and 25 percent. The number one position, held by Bitcoin Core (BTC), dropped more than a $1,000 just a few hours ago, from $7,600 to $6,600, but prices have rebounded back to $6,787 per BTC. The fourth highest valued market, held by Bitcoin Cash (BCH), dropped around $225 in value after hovering around $1,150 for a while. The currency is now averaging $933 per BCH. Its safe to say market participants are shaken and many are curious about why the market keeps sliding.

Also Read: CFTC Subpoenas Leading Exchanges for Trading Data

Crypto Markets Take a Jab to the Gut This Weekend

Markets Update: Crypto Prices Take a Weekend BeatingA dump took place today that hit markets below the belt, as most cryptocurrencies lost significant values. Last week, towards the beginning of the weekend, markets were pretty stable and consolidating tightly into a triangular formation. Then, on Saturday, the United States Commodity Futures Trading Commission (CFTC) and the U.S. Justice Department revealed they had subpoenaed four major exchanges while looking into their cryptocurrency price manipulation investigation. Just before that moment on June 9, jus...

00:45

Switzerlands Crypto Valley Set To Test Blockchain Voting "IndyWatch Feed Crypto"

Residents of the Swiss city, Zug, will use the citys eID system to vote using their smartphones this month as part of a blockchain based voting test, according to the Swiss Broadcasting Corporation. From June 25 to July 1, residents will download an app to register to vote. The city, home to whats known as

The post Switzerlands Crypto Valley Set To Test Blockchain Voting appeared first on CCN

Sunday, 10 June

23:00

Op-Ed: Do Blockchains Need a Native Currency? "IndyWatch Feed Crypto"

Like most administrators in top banks and other financial institutions across the globe, the governor of the Bank of Spain, Luis Mara Linde lent his voice towards the criticism of cryptocurrencies despite showing support for the underlying technology, blockchain. Linde believes that the risks associated with cryptocurrencies outweighs the benefits therein by a lot but

The post Op-Ed: Do Blockchains Need a Native Currency? appeared first on CCN

21:40

CFTC Subpoenas Leading Exchanges for Trading Data "IndyWatch Feed Crypto"

CFTC Subpoenas Leading Exchanges for Trading Data

According to anonymous sources cited by The Wall Street Journal, The United States Commodity Futures Trading Commission (CFTC) is coordinating with the U.S. Justice Department in conducting investigations into price manipulation in the spot BTC markets. The report claims that the CFTC launched a criminal probe into BTC price manipulation after several cryptocurrency exchanges rejected a request from Chicago Mercantile Exchange (CME) for the exchanges to share trading data CME.

Also Read: US Justice Department Investigates Price Manipulation in Bitcoin Market

CFTC Purportedly Conducting Criminal Investigation Into Bitcoin Price Manipulation

...

21:13

Newsflash: Bitcoin Price Plunges Below $6,700, Crypto Market Dips Below $300 Billion "IndyWatch Feed Crypto"

The bitcoin price plunged below $6,700 on Sunday as the market endured a double-digit percentage sell-off. The cryptocurrency markets had traded down for the majority of the weekend, and on Sunday morning the bitcoin price began to tumble toward the $7,000 mark. At approximately 17:30 UTC, support for that level began to evaporate, and bitcoin

The post Newsflash: Bitcoin Price Plunges Below $6,700, Crypto Market Dips Below $300 Billion appeared first on CCN

18:00

Im Going ALL-In! "IndyWatch Feed Crypto"

Its Time: Lets Seize the Moment and Deliver!

Dear Reader,

The most important company Ive ever had the chance to invest in at its launch is about to happen!

In my opinion, becoming an early shareholder in this company can potentially erase all the investment mistakes youve ever made!

When it comes to speculating in start-ups, we position ourselves with the right people and projects and seek to add commas to our net worths.

This is exactly what I plan to do with the coming launch of Globalive Technologies (TSXV: LIVE).

The company is expected to begin trading this week!

I want you to get to know the management team and the people we are going to suggest you partner with by becoming a shareholder in their new company.

It will be the first to market applying both blockchain tech and artificial intelligence (AI).

Its headed up by one of the most serious wealth builders in all of Canada

He took on the telecommunications giants last decade and won, selling his company, WIND Mobile, to Shaw for $1.6 billion!

His name is Anthony Lacavera, and I suggest you start doing your homework now.

In the past two weeks, hes been interviewed by Canadas Bloomberg News.

...

17:00

Leonardo Render is Bringing Decentralized, Blockchain-Based Solutions to the Rendering Industry "IndyWatch Feed Crypto"

Leonardo Render is a new project set to start making waves in the rendering business with blockchain technology. While the company itself has experience rendering for large clients already, the team is preparing to enter the open market to start offering rendering services to smaller-scale creatives as well. At its current stage, the Leonardo Render team is preparing to launch the first blockchain-based cloud rendering service for the creative industry. Heres what you need to know.

What Is Leonardo Render?

Leonardo Render is all about empowering creators by offering high-performance rendering power to anyone who needs it. The concept is simple and efficient. Many in the creative industry need the ability to render projects quickly and in a cost-effective manner, but most dont have the type of hardware that is conducive to such outcomes. Thats where the decentralized Leonardo Render network comes in.

Instead of a company being required to purchase large amounts of graphics processing units (GPUs) to handle intensive rendering operations, the Leonardo Render network offers users access to this required power as needed. The companys decentralized network means that as more individuals and computers join the network, the more powerful the network will become. Given that Leonardo Render is a cloud-based rendering platform, users will never have to store large machinery at their location. Instead, they can simply use the desktop application to connect to the network and choose how many GPUs from which they would like to borrow processing power.

Blockchain Integration and Redefining Miners

Leonardo Render is starting off with an initial 23,000 GPUs because of their partnership with Giga Watt, and as the network continues to grow and develop a larger user base, so too will the processing power. The decentralized system offers those who are typically considered miners in a proof-of-work (PoW) system a unique opportunity. Instead of asset mining in a PoW system like the Bitcoin network where miners are confirming transactions and mining bitcoins, the Leonardo Render network has miners using that power to render users projects.

Unlike a PoW system, users stake their LEOS token (the cryptocurrency associated with the project which will be launched at a later dateyou can sign up for the whitelist here), to use that processing power on the platform. Rather...

06:00

Humans Need Not Apply: AI to Take Over Customer Service Jobs "IndyWatch Feed Crypto"

The last ten years have been a rough time for many bank employees in Spain. The countrys lenders have laid off 89,500 workers on the back of narrowing margins, industry consolidation, mass closures of branches and gathering digitization. In 2008, when the financial crisis struck, Spain was home to some 278,000 banking professionals; today there are just 195,000. Another 3,000 redundancies are expected in the coming months, as Santander and Bankia plan to further streamline their businesses, pushing the total number of layoffs close to 95,000.

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