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Thursday, 12 April

21:34

Petro: Within 120 Days the Token Will Become Legal Tender for All Government Transactions "IndyWatch Feed Crypto"

In February, Venezuelan President Nicolas Maduro announced the release of the Petro, a controversial digital currency backed by the countrys oil reserves. This week, according to Venezuelas Official Gazette, it has been ordered that the token must be accepted as legal tender for all transactions involving government institutions from ministries to airports, to taxes, fees, and other public needs within 120 days.

The countrys Cryptocurrency Treasury will be in charge of overseeing all aspects of the plan, from the tokens release to trading, according to the gazette published on April 9th. The government named Abrahan Landaeta to head up the Cryptocurrency Treasury and Anthoni Camilo Torres as head of virtual exchanges.

Petro: State-Sponsored Digital Currency

The decree is meant to help bring the Petro into everyday use, but a host of challenges may make it difficult to put the crypto policy into practice, as many aspects of the token still remaining a mystery. In fact, some crypto-rating websites have already judged it to be a scam: Hong Kong-based cryptocurrency exchange Bitfinex recently refused to list the Petro, arguing that the digital currency offers limited utility and that listing the first ever state-issued digital currency could be construed as an attempt to circumvent legitimate sanctions against the government.

With the Petro, Venezuela is seeking to take advantage of global enthusiasm for blockchain-based assets and help lift its economy out of one of the worlds deepest recessions amid a crippling shortage of hard currency. The International Monetary Fund forecasts inflation will hit 13,000% by the end of the year, while the economy is set to contract 15%.

As part of the nationwide effort to boost the Petro, a national virtual miner registry was opened, and Petro zones, where the tokens will be accepted, were created in popular tourist destinations along the countrys western border. In a speech last week, Maduro said the country had purchased 30 ambulances using the digital coin.

Despite the apprehension in the crypto-space, last month Maduro said Venezuela had received offers of as much as $5 billion from countries including China, Russia, and Mexico for the tokens. As of yet, theres little evidence to support this.....

21:22

XRP 100 Percent Not a Security, Ripple Claims "IndyWatch Feed Crypto"

Fintech startup Ripple is pushing back against claims that its cryptocurrency, XRP, is a security under US regulations. The XRP token which functions as the native currency of the San Francisco-based companys public Ripple Consensus Ledger (RCL) and the foundation for several of the firms blockchain products is currently the third-largest cryptocurrency, with

The post XRP 100 Percent Not a Security, Ripple Claims appeared first on CCN

21:00

Bank of America Sees Blockchain As Way to Replace Internal Ledgers "IndyWatch Feed Crypto"

A newly released Bank of America patent application proposes securing health records on a permissioned blockchain.

20:36

Another Major Hong Kong Cryptocurrency Exchange Sets Its Sights on Malta "IndyWatch Feed Crypto"

Another Major Hong Kong Cryptocurrency Exchange Sets Its Sights on Malta

A second major Hong Kongbased cryptocurrency exchange is planning on setting up shop in Malta, a small island nation in the Mediterranean.    

OKEx, one of the top five cryptocurrency exchanges by 24-hour trading volume, announced today, April 12, 2018, that it is expanding its operations to Malta. In late March, Binance, the largest exchange by trading volume, also announced plans to move operations to the cryptocurrency-friendly EU member state.

In an email to Bitcoin Magazine, a spokesperson for OKEx clarified, ... everything stays in Hong Kong (all functions) and we are establishing a new entity in Malta in full accordance with the expected Malta regulations and framework. This expansion has no effect on our existing offices and operations in other jurisdictions.   

OKEx CEO Chris Lee stated: We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.

OKEx says it has already met with Maltese government and regulatory leaders to get a better understanding of the countrys evolving regulatory plans and provide feedback.

The move further establishes Malta as a growing hub in the cryptocurrency space. Currently, the country is in the process of setting up the...

20:26

Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges "IndyWatch Feed Crypto"

A recent declaration by an Islamic scholar that Bitcoin is compliant with Sharia law could be the cause behind todays $1000 price surge, opening the market to Muslim investors who were previously unsure if the cryptocurrency qualified as money under the strict definitions outlined by scholars. Muslims account for 23% of the worlds population, with

The post Islamic Scholar Says Bitcoin is Compliant With Sharia Law as Price Surges appeared first on CCN

20:05

Malta Attracts Cryptocurrency Exchange Okex "IndyWatch Feed Crypto"

Malta Succeeds in Attracting Another Cryptocurrency Exchange, Okex

The Maltese governments plan to bring more international cryptocurrency business to booster the local economy, by positioning itself as a hospitable jurisdiction within the EU, appears to be paying off. Following Binance moving to the island just last month, Malta has now succeeded in attracting yet another exchange, Okex.

Also Read: Australias Digitalx Launches Cryptocurrency Investment Fund

Maltese Blockchain Ecosystem

Okex, the Chinese-run cryptocurrency exchange based in Hong Kong, has announced today that it will be expanding to the European island nation of Malta. The countrys Prime Minister, Joseph Muscat, commented: We welcome Okex, a world-leading digital exchange, to our growing blockchain ecosystem. Malta is fast becoming the jurisdiction of choice for Distributed Ledger Technology companies in the European Union and globally.

Malta Succeeds in Attracting Another Cryptocurrency Exchange, Okex

Chris Lee, CEO of OKEx, said: We look forward to working with the Malta government as it is  forw...

19:50

CabbageTech CEO Concedes in CFTC Crypto Fraud Suit "IndyWatch Feed Crypto"

CabbageTech CEO Patrick McDonnell has ceased his fight with the CFTC, potentially affirming the regulator's power to oversee cryptos as commodities.

19:39

Two Bogus Bitcoin Brokers Charged With $365,000 Cash Robbery In Singapore "IndyWatch Feed Crypto"

Malaysian man falls prey to two bogus Bitcoin sellers in Singapore, who now face charges of assault and $365,000 cash theft. #NEWS

19:22

Brazils First Crypto-Finance Masters Degree Launches In So Paolo "IndyWatch Feed Crypto"

Crypto gains momentum in Brazilian academia, as major university launches countrys first crypto-finance MA. #NEWS

19:20

Santander Uses Ripple, Launches First Banking Blockchain Retail Payments App "IndyWatch Feed Crypto"

Spanish banking giant Banco Santander has announced the launch of its international payments app for retail customers in four countries using xCurrent, Ripples blockchain technology. Santander is laying claim as the first bank to roll out a blockchain-based international payments service to retail customers in multiple countries simultaneously with the launch of One Pay FX,

The post Santander Uses Ripple, Launches First Banking Blockchain Retail Payments App appeared first on CCN

19:07

Markets Update: BTC Price Jumps Over $1000 in Less Than an Hour "IndyWatch Feed Crypto"

Markets Update: BTC Price Jumps Over $1000 in Less Than an Hour

The price of bitcoin and a wide range of other digital assets have seen some significant gains today. Earlier during the morning trading sessions (EDT) BTC/USD markets spiked over $1,000 in less than 60 minutes gaining 10 percent and reaching a high of $8,060 per coin. Following the phenomenal jump in value, buyers met some resistance and BTCs value has dipped back some and is currently averaging a touch above $7,600.

Also read: Huobis Sentiment Index Shows Cryptocurrency Investors Still Bullish

BTC Markets See Gains of 10 Percent

Cryptocurrency markets are on a tear today as most digital assets jumped in value from 10-20 percent during the morning trading sessions on April 12. BTC trade volumes have spiked considerably worldwide as our last Markets Update six days ago reports a daily volume of $4Bn USD. That metric has doubled today as BTC trade volumes worldwide now rests at $8.1Bn over the past 24 hours. The top five exchanges swapping the most BTC today are Bitfinex, Okex, Binance, Upbit, and Huobi. Bitfinex has over $664Mn in 24-hour volume and USD trades have spiked significantly today. Last week the Japanese yen accounted for well over 60 percent of the BTC global trade volume but that metric has dropped to 45.4 percent. The USD is now up to 28.7 percent as the fiat currency has gained some steam this week. This is followed by tether (USDT 13.7%), the euro (4.3%), and the South Korean won (4.1%).

...

18:51

Fintech Startup Report Concludes Bitcoin Is Generally Permissible Under Sharia Law "IndyWatch Feed Crypto"

Muslim legal expert determines that cryptocurrency is mostly compliant with Sharia law. #NEWS

18:30

NY Regulator Argues BitLicense Regulation Boosted Businesses "IndyWatch Feed Crypto"

Maria Vullo highlighted the state's early involvement in cryptocurrency. But many think New York's BitLicense desperately needs an overhaul.

18:29

Former JPMorgan Trader Goes Bullish: Bitcoin is the Play at the Moment "IndyWatch Feed Crypto"

Danny Masters, a commodities trader turned CoinShares chairman, has been a bitcoin believer since 2014, having recognized early the top cryptocurrencys use cases as both a disrupter of gold and fiat money. Masters, who in a former life led the energy trading desk at JPMorgan and whose funds are having a strong year this year, told CNBC bitcoin

The post Former JPMorgan Trader Goes Bullish: Bitcoin is the Play at the Moment appeared first on CCN

18:22

Texas Regulator Inspects 32 Crypto Promoters, Warns Of Widespread Fraud "IndyWatch Feed Crypto"

Texas Securities Board conducts sweep of investigations into crypto securities offerings, warning of widespread fraud. #NEWS

18:17

Crypto Farm With 6000 Miners Shut Down In Russia For Overdue Electricity Bill "IndyWatch Feed Crypto"

Russian police have detained two people after a raid on a cryptocurrency mining farm that hosted over 6,000 miners. The perpetrators were guilty of not paying for electricity, reports say. #NEWS

17:59

Russia Exposes Syrian False Flag, Zuckerberg Claims Facebook Not Spying & JP Morgan Bitcoin Fraud "IndyWatch Feed Crypto"

Welcome to The Daily Wrap Up, a concise show dedicated to bringing you the most relevant independent news, as we see it, from the last 24 hours (4/10/18). Since last night the internet has been abuzz with speculation, all trying to be the first to announce that the US might be, possibly, considering, thinking about []

The post Russia Exposes Syrian False Flag, Zuckerberg Claims Facebook Not Spying & JP Morgan Bitcoin Fraud appeared first on The Last American Vagabond.

17:55

Hydro-Quebec Considers Halting Cryptocurrency Mining Operations During Winter "IndyWatch Feed Crypto"

Hydro-Quebec Considers Halting Mining Operations During Winter

The migration of cryptocurrency miners to hydro-power abundant Quebec has been received cautiously lately, following an initial period over-exuberance on the part of local officials. The future for Quebecs mining industry has since encountered a number of hurdles, from the provinces ability to supply power during the dry winter season to the often overlooked environmental tolls of producing hydropower.

Also Read: The Number of Cryptocurrency Exchanges Has Exploded 

Hydro-Quebec Considers Suspending Power Provision to Mining Companies During Dry Season

Hydro-Quebec Considers Halting Mining Operations During WinterIn recent months, the Canadian province of Quebec has sought to attract cryptocurrency miners, offering up cheap and abundant hydropower.

After initially boasting...

17:48

Op Ed: We Can Combat Poor Data Privacy with Blockchain Applications "IndyWatch Feed Crypto"

Op Ed: We Can Combat Poor Data Privacy with Blockchain Applications

By now weve all seen the headlines about Facebooks poor data practices: as many as 87 million users personal records affected by Cambridge Analytica, 2.2 billion users profiles scraped by third parties, and so on.


But what went wrong isnt limited to Facebook. The problem is that an internet run by centralized digital superpowers leaves users with little control over their data.

Centralizations Weaknesses

Think of the internet as an extremely efficient copy machine that anyone can use. This makes it very easy to share information including information you want to keep private.

Thats why we need rules. When we say data privacy, we are referring to the rules set by platforms determining who has permission to handle data and who gets informed when it happens.

To use a platform, users have to check a box saying they agree to the rules. The problem is tech giants dont give users real insight into the rules beyond saying, Trust us!

As we now know, Facebook gave wildly disproportionate permission to third-party app developers to copy their users personal information. By exploiting this permission, Cambridge Analytica was able to use a single app to collect millions of personal records at almost no cost, and nobody was informed until it was too late.

Unfortunately, these types of situations will continue to happen. Centralized platforms lack incentives to properly disclose their data practices, so users will be left in the dark when the copy machine falls into the wrong hands again.

...

17:35

Russian Police Arrest Two for Illegal Crypto Mining "IndyWatch Feed Crypto"

Russian police have reportedly apprehended two suspects in connection with an illegal crypto mining farm.

17:31

Bitcoin Rallies to $8,000 In An Epic Recovery "IndyWatch Feed Crypto"

Bitcoin price movements during the last seven days have been buoyed by the $6,600 support while being limited below the $7,200 line, until today. Market forces have prompted the mother of all cryptocurrencies to rally towards $8,000 and test for resistance.

Bitcoin Attempts Recovery Above $8,000

It could be today that the bulls in the market take Bitcoin to higher levels, as trading in the past few hours has led the price of the cryptocurrency to have a go on the $8,000 mark. According to data from Hong Kong-based cryptocurrency exchange Bitfinex, Bitcoin gained over 15% in value as it went as high as $8,039.

Technically, the 100-day simple moving average continues to cross above the 200-day moving average, which comes as a bullish signal for traders. Additionally, the stochastic and RSI indicators have also supported the view that a bullish momentum would be on the cards. Overbought levels on both oscillators suggest that bulls will take a breath before a new run to tackle the $8,000 level.

With trading volumes subdued below $5 billion (24 hours) throughout the last seven days, the market finally recovered its energy today and volumes jumped above $8 billion (24 hours) after the first test of the $8,000 line in April.

The market movement may be drawing some support from current geopolitical tensions between the United States and Russia amid a potential intervention in Syria. As U.S. President doubles down his rhetoric, investors become hesitant to put their capital on the dollar or on higher-yielding assets.

Adding to geopolitical concerns, institutional money may be entering the cryptocurrency market as it has been reported that top corporate investment leaders such as the Rockefeller Group, the Rothschild family, and George Soros are flocking towards what was once called as a fraud by J.P. Morgan Chase CEO Jamie Dimon.

As the cryptocurrency market matures in 2018, analysts predict there will be a surge in institutional demand, which could drive prices to new highs. Governments and central banks are producing more regulatory clarity and removing uncerta...

17:29

Cryptocurrency Market Cap Clips $300 Billion as Bear Trap Liquidates Shorts "IndyWatch Feed Crypto"

The cryptocurrency market cap briefly clipped the $300 billion mark on Thursday, a phenomenon that occurred as the result of an apparent bear trap in the Bitcoin futures markets. Fueled by a dramatic Bitcoin price rally, the cryptocurrency market cap surged by more than $30 billion, peaking at $301.8 billion before settling back down to

The post Cryptocurrency Market Cap Clips $300 Billion as Bear Trap Liquidates Shorts appeared first on CCN

17:20

Promoted: Building an ICO Dream Team "IndyWatch Feed Crypto"

Shocard

Nearly half of initial coin offerings (ICOs) fail. In February, Bitcoin.com analyzed ICO statistics from TokenData and found that 46 percent of ICOs in 2017 tanked, leaving a trail of broken websites and neglected Twitter accounts. Some of these were outright scams, but others had the best of intentions. The key for potential investors is sorting the wheat from the chaff.


One telltale sign of a specious ICO is the absence of information about its team. Conversely, a solid team with a track record suggests that an ICO means business. Armin Ebrahimi, founder and CEO of ShoCard, has been busy mining his contacts to craft a solid squad in preparation for ShoCards May crowdsale.


Ebrahimi might be one of the best people to start a company that uses blockchain technology to protect and share digital identities. His 30 years in Silicon Valley include a spot as senior vice president of platform engineering at Yahoo!, where he looked after its registration and anti-platform services.


His time there from 1998 to 2008 placed him at the heart of a growing company as it scaled from 10 to 450 people. It also gave him a front row seat to watch the internet grow from infancy to the force it is today.


Six years after he left the company, it began losing hundreds of millions of customers personal information including his in what would become one of the most significant data breaches of all time.


You don't think they're going to be so careless with it, said Ebrahimi, lamenting the firms trajectory after he left. Yahoo wasn't in the same spot, and it took its eyes off the ball.


However, these breaches gave him valuable insight: The world needs a better way to...

17:08

Chinas Google Baidu Launches Blockchain-Based Image Rights Protection Platform "IndyWatch Feed Crypto"

Chinese search giant Baidu launches Totem, wielding Blockchain tech to establish rights ownership for digital images online. #NEWS

16:25

Indian Crypto Exchanges Strategize to Challenge RBI Crackdown "IndyWatch Feed Crypto"

Indian Crypto Exchanges Forming Strategies to Challenge RBI Crackdown

Indian crypto exchanges are devising strategies to challenge and respond to the Reserve Bank of Indias order to prohibit banks from servicing businesses dealing in cryptocurrencies. News.Bitcoin.com talked to Sathvik Vishwanath, CEO of a leading Indian exchange Unocoin, to find out more details.

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

Going International

Indian Crypto Exchanges Strategize to Challenge RBI CrackdownFollowing the announcement by the Reserve Bank of India (RBI) last week, many crypto exchanges are reportedly looking to move their head offices to jurisdictions outside India, according to the Economic Times. The news outlet reported that among the exchanges considering moving overseas are Unocoin, Zebpay, Coinsecure, Buyucoin and Btcx India.

The central bank has mandated banks and payment gateways under its control to stop providing services to businesses dealing in cryptocurrencies. This will impact n...

16:24

Vietnam Investigates Alleged $660 Million ICO Fraud of Pincoin, Ifan "IndyWatch Feed Crypto"

Vietnamese authorities have asked local ministries and the police to investigate two allegedly fraudulent initial coin offerings (ICOs) that conned 32,000 investors out of a staggering $660 million. The operators of the purported cryptocurrency startups fundamentally conducted multi-level marketing schemes, local news outlet Tuoi Tre News reports, pointing the finger at Pincoin and Ifan that

The post Vietnam Investigates Alleged $660 Million ICO Fraud of Pincoin, Ifan appeared first on CCN

16:24

miBoodle: Bringing Crypto to the Masses "IndyWatch Feed Crypto"

Undoubtedly, the publics awareness of crypto is increasing. News about the major currencies such as Bitcoin are published every day as are stories about the exciting new cryptocurrencies that are constantly being launched. However, while awareness is increasing, engagement with crypto isnt increasing at the same rate. The main reason for this is that the general public perceives that there are barriers preventing them getting involved. Traditionally, people had three main ways of making money from cryptocurrency, but even today, with an increased awareness of crypto and the blockchain, these arent engaging the general public.

Mining

Mining is the use of your computers processing power to mine electronic currency. In the early days of cryptocurrency, this could be done easily from a regular home laptop or PC. However, these days, to have any chance of doing this effectively, it now requires a huge amount of processing power, and in places such as China, there are mining farms that have thousands of computers all mining for crypto. In the face of such processing power, the average person simply cannot compete.

Getting in early

Getting in early can potentially be a good way of making money from crypto. Taking Bitcoin as an example, these could have been bought for just a few dollars when it was first introduced and has since peaked for a time at over $20,000. However, with a plethora of new cryptocurrencies being introduced all the time, which ones are the best to take a chance on? Most people simply dont have the money to risk by speculating on multiple cryptocurrencies.

Trading

The most popular way of making money from crypto, some savvy traders have made millions. However, many people find trading complicated, and because of the volatility of some cryptocurrencies, its potentially very easy to lose (or make) a lot of money in a matter of minutes. For this reason, its not something that the average person partakes in.

The fourth way: miBoodle

miBoodle is the revolutionary new platform that will bring crypto to the masses. The miBoodle platform is simple to understand and easy to use. Built on the blockchain, it is set to eliminate all of the barriers for the average person to enter the world of crypto. The ide...

16:14

Sharks, Wardrobes, And Crypto VS The Prison Industrial Complex "IndyWatch Feed Crypto"

Stranger Than Fiction Headlines from the Front Lines. First up, are you on the WARdrobe watch list? And I do mean WAR drobe. And thanks to this new military program, sharks may soon be getting laser beams. Catholics fill baby bottles with their own blood and walk onto a nuclear arms base. Like Exxon, Shell knew too, and finally the resistance is spreading. Teacher strikes and tree-sits loudly call for a system that puts people and planet over profit. Finally, cryptocurrencies are often used to talk about personal economic gain. But what if we could use them as a tactic? Grayson Earle is a technologist and activist who doesnt think very highly of capitalism - and he has no illusions about cryptos potential for enriching the already rich. That being said, this decentralized, blockchained monetary system leaves the door open for new innovation.

15:30

IT Giant Tech Mahindra Joins India's Early Blockchain 'Bulls' "IndyWatch Feed Crypto"

Blockchain startup ChromaWay and India-based Tech Mahindra have partnered to bring new solutions to the Indian market.

15:20

Real Momentum? Bitcoin Price Breaks $8,000 For First Time Since March "IndyWatch Feed Crypto"

Earlier this week, the valuation of the cryptocurrency market dipped below $248 billion, to a monthly low. Today, on April 12, the valuation of the cryptocurrency market increased along with the bitcoin price. Bitcoin Jumps $1,000 in 30 Minutes Over the past 24 hours, the cryptocurrency market rose by around $30 billion, to $298 billion,

The post Real Momentum? Bitcoin Price Breaks $8,000 For First Time Since March appeared first on CCN

15:10

Cryptocurrency Is the Main Income for 12% of Russian Crypto Users "IndyWatch Feed Crypto"

Cryptocurrency Is the Main Income for 12% of Russian Crypto Users

Cryptocurrency is the main source of income for 12% of Russian speaking crypto users, according to a new survey. More than 90% of the respondents say they want to use digital coins as a means of payment, and a quarter of those interviewed are already doing that. 40% of the participants view cryptos like bitcoin as a good long-term investment. They have no intentions to sell their crypto holdings in the near future.    

Also read: Russians Owe 13% Tax on Their Crypto Incomes

40% of Russian Crypto Owners Are Hodling

The survey conducted among Russian cryptocurrency owners found that most of them have started dealing with cryptos in the last couple of years. Nevertheless, 28% of the respondents consider themselves active users, and 12% say cryptocurrency is their main source of income.

...

14:40

Bitcoin Breakout: Price Jumps $1K in 60 Minutes "IndyWatch Feed Crypto"

Bitcoin rallied over $1,000 in an hour this morning, having spent a better part of the last two weeks trading sideways.

14:32

OKEx to Become Second Major Cryptocurrency Exchange to Move to Malta "IndyWatch Feed Crypto"

Another major cryptocurrency exchange is about to set up shop in Malta, cementing the small Mediterranean island nations status as a burgeoning hub for cryptocurrency startups. OKEx, the worlds second-largest cryptocurrency exchange as measured by daily trading volume, on Thursday announced that it will open an office in Malta and make it a foundation for

The post OKEx to Become Second Major Cryptocurrency Exchange to Move to Malta appeared first on CCN

14:00

Carbon 'Stablecoin' Project Raises $2 Million in Seed Round "IndyWatch Feed Crypto"

Cryptocurrency startup Carbon has raised $2 million in seed funding, the company revealed to CoinDesk, Thursday.

14:00

Moody's: Blockchain Could Save US Mortgage Industry $1 Billion "IndyWatch Feed Crypto"

Blockchain could boost efficiency and cut costs in a housing sector that's due for a digital overhaul, says Moody's.

13:55

Pakistans Urdubit Exchange Shuts Down After Crypto Ban "IndyWatch Feed Crypto"

Pakistans Urdubit Exchange Shuts Down After Crypto Ban

Urdubit, a leading Pakistani bitcoin exchange, has closed down permanently. The news came after the central bank of Pakistan announced a ban on dealings with cryptocurrencies. The trading platform urged customers to withdraw their funds as fast as possible. Its team confirmed on social media its operations had been suspended due to the prohibition of crypto transactions. Other exchanges have followed suit.   

Also read: Pakistans Central Bank Prohibits Crypto Dealings with a Circular

Urdubit Cancels All Bitcoin Orders

Pakistans Urdubit Exchange Shuts Down After Crypto BanPakistans first bitcoin exchange announced its decision to shut down after the State Bank of Pakistan barred all financial institutions from processing crypto-related transactions. Urdubit warned its clients to withdraw both their fiat and crypto funds immediately. Through its accounts on Facebook...

13:45

Newsflash: Bitcoin Price Shoots Vertically Above $8,000 "IndyWatch Feed Crypto"

Thursdays trading witnessed bitcoin price spiking upwards from under $6,900 to $8,000, a new high for April. For reasons unknown at the time of publishing, bitcoin prices were flung upwards in a frantic period which saw the worlds most prominent cryptocurrency gain over 15% in value, all in a span of under 45 minutes. At

The post Newsflash: Bitcoin Price Shoots Vertically Above $8,000 appeared first on CCN

13:43

Bitcoins Price Jumps $1,000 In 30 Minutes Of Market Growth Across The Board "IndyWatch Feed Crypto"

As 9/10 coins on CoinMarketCap are up over 10 percent over a 24 period, BTC broke $8,000 and ETH trading at over $465 #NEWS

13:19

Worlds Second Largest Crypto Exchange OKEx Moves To Blockchain Island Of Malta "IndyWatch Feed Crypto"

OKEx will expand into Malta, following on the heels of Binances announcement to open an office there last month #NEWS

13:10

Santander to Launch Ripple Payment App This Week "IndyWatch Feed Crypto"

Banking giant Santander Group is reportedly launching a blockchain-based application for cross-border foreign exchange on Friday.

12:59

Opinion: The Future of ICOs and the Potential of Securities Token Offerings "IndyWatch Feed Crypto"

The Beginnings It is less than five years since in July 2013 J.R. Willet did the first ever ICO (Initial Coin Offering) for the Mastercoin. Since then ICOs have raised cumulatively more than $3.7 billion until December 2017.  The year 2017 saw the explosion of the funds raised with this new funding technique. It is

The post Opinion: The Future of ICOs and the Potential of Securities Token Offerings appeared first on CCN

12:36

China: Blockchain Conference Shut Down By Police, Organizers Claim No Legal Issues "IndyWatch Feed Crypto"

Police shut down Chinese Blockchain conference because attendees reported scam ICO there, local sources claim. #NEWS

12:30

$7.5K Ahead? Bitcoin Price Charts Hint at Bull Move "IndyWatch Feed Crypto"

Although still stuck in a narrow range, bitcoin could rise back toward $7,500 in the next 24 hours, the technical charts indicate

12:00

Extra Vigilance Needed for Hong Kong OTC Bitcoin Trading "IndyWatch Feed Crypto"

In the world of cryptocurrency, there are numerous issues to contend with. Scams are perhaps the biggest problem as of right now. In Hong Kong, cryptocurrency enthusiasts are trying to counter this threat in different ways. OTC Traders face a lot of risks when dealing with random strangers looking to buy and sell Bitcoin. It is important to remain on top of these risks at all times.

The OTC Trading in Hong Kong

No one will be surprised to learn OTC Bitcoin trading is quite popular. This is especially true in Hong Kong, as the market is booming right now. Additionally, regulatory scrutiny and taxes in other countries pushes more people to OTC trading as well. Rest assured this form of buying and selling Bitcoin will become a lot more popular in the future as well.

At the same time, this form of trading poses significant risks. For traders in Hong Kong, there are numerous pitfalls to contend with. Over the past few months, OTC traders have effectively become the target of scammers. In a lot of cases, criminals used this trading option to convert income from scams and theft into Bitcoin. The overall appeal of cryptocurrency also attracts people with less than honest intentions, unfortunately.

In most cases, OTC traders are not even aware of them being used as a mule. Unfortunately, they will often pay the ultimate price in this regard. Unlike the criminals, OTC traders with honest intentions often use their real name and address. This makes it easier for law enforcement officials to track them down. The criminals, on the other hand, often seem to get away due to the lack of tangible leads. Addressing these risks has become a priority in Hong Kong, for obvious reasons.

Taking Matters Into Ones Own Hands

OTC Traders around the world can take a few measures to properly protect themselves from scammers. Verifying the origin of the funds being traded is a big step in the right direction. Doing so is not difficult, given Bitcoins lack of privacy and anonymity. Taking this extra step can make the difference betw...

12:00

Blockchain Startup Kadena Raises $12 Million in SAFT Sale "IndyWatch Feed Crypto"

Blockchain startup Kadena has raised $12 million for its upcoming Chainweb protocol.

11:55

JP Morgan Chase Hit With Million Dollar Class Action Crypto Lawsuit "IndyWatch Feed Crypto"

JP Morgan Chase Hit With Million Dollar Crypto Class Action Lawsuit

The largest bank in the United States, JP Morgan Chase, found itself the subject of a federal class action lawsuit this week. The complaint alleges that after hindering customers from buying cryptocurrencies, the bank charged enthusiasts extra fees and higher interest rates.

Also read: Bitgrails $170M Hack Continues to Provide Drama

JP Morgan Chase Subject of Million Dollar Class Action

Brady Tucker et al v Chase Bank USA, filed in U.S. District Court, Southern District of New York, 18-3155, Manhattan, was initiated by San Diego-based law firm, Finkelstein & Krinsk LLP, a class action specialist. Mr. Tucker of Idaho, plaintiff, claims he incurred $143.30 in fees, and $20.61 in sudden interest charges over five crypto transactions during late January and early February. And while by itself it might appear trivial, magnified by untold thousands of customers, and the numbers begin to get substantial. Mr. Tucker also claims upon purchasing a cryptocurrency from Coinbase.com or another online crypto merchant, he was saddled with cash advance fees in violation of his original terms and conditions.

JP Morgan Chase Hit With Million Dollar Crypto Class Action Lawsuit...

11:40

Australia Sets Registration Deadline for Cryptocurrency Exchanges "IndyWatch Feed Crypto"

Newly implemented regulations from Australias financial intelligence agency, AUSTRAC, has mandated domestic cryptocurrency exchanges to register with the authority before mid-May 2018. In an announcement on Wednesday, the Australian Transaction Reports and Analysis Centre (AUSTRAC) reminded cryptocurrency exchange operators of their obligation for compliance with the authority after new regulations effectively kicked in on April

The post Australia Sets Registration Deadline for Cryptocurrency Exchanges appeared first on CCN

11:30

PR: Gamble.io Weighs in on Another High Flying Gambling Operator "IndyWatch Feed Crypto"

Gamble.io Weighs in on Another High - Flying Gambling Operator

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.

12th of April The leading Bitcoin & crypto gambling site Gamble.io has completed its review on Cloudbet. Cloudbet is known as one of the top destinations for Bitcoin-based sports betting.

The review revealed that Cloudbets solid reputation is no fluke. The companys sportsbook department has done a great job covering almost every sport under the sun and with surprisingly high betting limits. We were extremely happy to see their high betting limits, which cater to high rollers better than any crypto sportsbook out there, spokesperson of Gamble.io Matt Beardsley highlights.

The online casino at Cloudbet is almost as good as its sportsbook. The list of available casino games is a bit shorter than its competitors, but also the slots cater well to players with deeper pockets than the average Joe.

To top it off, the website is exceptionally well designed for mobile users. We have not seen many as mobile-friendly operators even among the fiat gambling providers as the reviewed company. You dont need a phablet to get your bets in, Beardsley points out.

To us it seems like theyre on their way to adopting a multi-currency approach, like most of its competitors. Its very good news for players, as for example Ethereum is already widely accepted among crypto casinos, Beardsley explains. You can see the full list of trustworthy Ethereum casinos here.

Gamble.io is the watchdog of the crypto gambling industry. The company screens and reviews gambling service providers to sort out the bad apples from the trustworthy operators. Gamble.io is founded on a rock-solid ground...

11:16

National Currency, Scam And Police Violence: Whats Going On With Crypto In India "IndyWatch Feed Crypto"

RBIs latest move on Bitcoin will likely not deter the circulation of Bitcoin and others in india. #ANALYSIS

11:15

You Wont Believe What We Saw In Zimbabwe (Video) "IndyWatch Feed Crypto"

You Wont Believe What We Saw In Zimbabwe Video We Are Change In this video, gives you the latest breaking news in Harare Zimbabwe with Jeff Berwick the dollar vigilante. We cover the White farmers, bitcoin cryptocurrency community, the...

The post You Wont Believe What We Saw In Zimbabwe (Video) appeared first on The Daily Coin.

11:10

Police Abruptly Halt Chinese Blockchain Conference "IndyWatch Feed Crypto"

A blockchain-themed conference in Shanghai was suspended by police on Thursday for so-far unclear reasons.

10:55

Research Paper Declares Bitcoin Compliant With Shariah Law "IndyWatch Feed Crypto"

Research Paper Declares Bitcoin Compliant With Shariah Law

Bitcoin and cryptocurrencies are intriguing because they are very different from the traditional financial systems we use today. One particular subject people have pondered is whether or not bitcoin complies with the religious law that forms a part of Islamic tradition  otherwise known as Shariah Law. This week a microfinance firm based in Indonesia, Blossom Finance, published a 22-page working paper that concludes that bitcoin qualifies as Islamic money, except where it is banned by a local government.

Also read: Bitgrails $170M Hack Continues to Provide Drama

Is Bitcoin Halal or Haram?

Over the past few years since the creation of bitcoin, many people have wondered if cryptocurrencies are compatible with Shariah-compliant finance. Islamic banking has a lot more rules that apply to profit sharing, loss bearing, leasing, safekeeping, and more. For instance, Shariah Law specifically prohibits usury which is called riba or collecting interest paid on loans. Bitcoin and cryptocurrencies have come into question over the years concerning whether or not they comply with Islamic banking. Just recently this past December a Muslim cleric declared that owning bitcoin was compatible with Islamic finance. However other clerics have disagreed with this opinion and Egypts top Islamic cleric had issued...

10:30

The Anti-ASIC Revolt: Just How Far Will Crypto's War On Miners Go? "IndyWatch Feed Crypto"

The arrival of more powerful mining hardware is splitting sentiment in major cryptocurrencies, with users taking sides over how best to respond.

10:30

Japanese Internet Company Prepares to Launch Bitcoin Payroll "IndyWatch Feed Crypto"

While Bitcoin is an appealing investment vehicle its other use cases are less popular. Fewer people spend it to buy goods and services as of right now. When it comes to salaries, Bitcoin has not made too many inroads yet either. If it is up to GMO Internet Group, that plan will come to change fairly soon.

GMO Reaffirms Bitcoin Interest

It is not the first time GMO Internet Group has taken a closer look at Bitcoin. The company made it clear they want to work with the leading cryptocurrency in an official capacity. For now, the main focus lies on incorporating a Bitcoin-related payroll for all staffers. That means the Japanese internet giant will allow employees to receive a chunk of their salary in cryptocurrency.

Such a business venture will carry a bit of risk. Given Bitcoins price volatility, dealing with salary payments in BTC can become dicey. Even so, there appears to be a genuine interest in this latest option. GMO has made it clear they expect big things of Bitcoin, although the current market trend is not all that positive.

With employees determining the salary cut they want to receive in Bitcoin, interesting options become apparent. The minimum is 10,000 Yen, whereas the maximum is 100,000 Yen. These amounts are still relatively low compared to what GMO Internet Group employees earn, but this is the initial stage of rolling out this feature. There is also an incentive for employees exploring this option, as they receive a bonus of up to 10%.

Will Other Companies offer a Similar Option?

Theres a good reason as to why this option launches in Japan first and foremost. The country has made Bitcoin and other cryptocurrencies legal tender some time ago. As such, incorporating BTC into a companys payroll is far less complicated than one might think. It seems to indicate other Japanese companies may follow this lead by example, assuming GMO Internet Group is successful in this regard.

For GMO, the belief...

10:00

BitFlyer Exchange Toughens User Verification Amid Watchdog Scrutiny "IndyWatch Feed Crypto"

Japanese cryptocurrency exchange BitFlyer says it will revise its know-your-customer procedures after criticism from a financial regulator.

10:00

Ethereum Classic Price Technical Analysis ETC/USD Breaks Key Resistance "IndyWatch Feed Crypto"

Key Highlights

  • Ethereum classic price surged higher and traded above the $14.00 resistance against the US dollar.
  • There was a break above a key bearish trend line with resistance at $14.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair may correct a few points lower, but it will most likely find support near $14.10-20.

Ethereum classic price is back in a positive zone against the US Dollar and Bitcoin. ETC/USD is now placed well above the $14.00 support zone and is poised for more gains.

Ethereum Classic Price Support

After a downside correction, ETC price found support near the $13.20 level against the US dollar. The ETC/USD pair started an upside move and broke the $13.80 and $14.00 resistance levels. It opened the doors for more gains and the price settled above $14.00 and the 100 hourly simple moving average. The mentioned upside move was positive since the price succeeded in clearing the $14.00 barrier.

More importantly, there was a break above a key bearish trend line with resistance at $14.20 on the hourly chart of the ETC/USD pair. The pair traded as high as $14.66 and is currently consolidating gains. It seems like there could be a minor downside correction towards the $14.20 support. An initial support is near the 23.6% Fib retracement level of the last wave from the $13.27 low to $14.66 high. However, the most important support is above $14.00 and near $14.10.

Ethereum Classic Price Technical Analysis ETC USD

There is also a bullish trend line with support at $14.20 on the same chart. On the upside, a break above the $14.66 high could clear the path for a push towards $15.00. Above $15.00, the price may spike towards the $16.00 level.

Hourly MACD The MACD for ETC/USD is moving nicely in the bullish zone.

Hourly RSI ...

09:40

Chinas Alibaba Sues Dubai-Based Alibabacoin for Trademark Infringement "IndyWatch Feed Crypto"

A Dubai firm, Alababacoin Foundation et al, has been sued by Chinas largest e-commerce company, Alababa Group Holding Ltd. Using the Alibaba trademarked name in conjunction with a cryptocurrency Alibabacoin, the founders of the Alibabacoin set out to raise over $3.5M through their ICO, banking (quite literally) on confusion created using the reputation the retail

The post Chinas Alibaba Sues Dubai-Based Alibabacoin for Trademark Infringement appeared first on CCN

09:40

Philippines Regulator Issues Warning to Cloud Mining Participants "IndyWatch Feed Crypto"

Philippines Regulator Issues Warning to Cloud Mining Participants

This week the Philippines Securities and Exchange Commission (SEC) revealed to the public that it plans to enforce securities regulations against cloud mining operations. According to the SECs statement, the regulatory agency believes these types of contracts should be defined as securities.

Also read: Cryptomatoes Using Excess Mining Heat to Grow Produce

Philippines Securities and Exchange Commission Issues Warning Against Cloud Mining Operations and Contracts

...

09:00

Ripple Invests $25 Million into Blockchain Focused Fund "IndyWatch Feed Crypto"

Ripple, one of the best know blockchain startups, announced on Wednesday plans to invest $25 million of its own XRP currency into Blockchain Capital, a firm wholly dedicated to the blockchain environment.

Ripple Puts $25 Million in Fund to Develop Blockchain Startups

Blockchain Capital Parallel IV, LP is the first fund to take capital in the form of cryptocurrency as well as one of the first dedicated solely to the development of blockchain based startups.
Ripple which owns 60 billion of the 100 billion XRP coins has added its $25 million to the $150 million fund managed by Blockchain Capital to be invested in entrepreneurial enterprises which can find additional uses for Ripples blockchain technology.
Chief market strategist at Ripple, Cory Johnson, told CNBC in an interview on Wednesday Theres money sitting there to be used. We want smart people and smart entrepreneurs, who can solve a problem using XRP,
Currently, Ripples technology is mostly being used to allow real-time transaction settlements for banks. The company has announced partnerships with many of the major money transfer companies in the US, including MoneyGram and Western Union.

Fund to Drive Blockchain Entrepreneurship

Johnson has compared the future of Blockchain technology to what was built off of the iPhones software, which has become the base for some of the most successful startups in the world.
When I got my iPhone I did not think the killer app would be Uber, the most valuable private company in the world I dont know what the best use of XRP is going to be, and I hope its something we cant even think of.
Ripple is aiming at seeing that same kind of relationship happening between their established technology and entrepreneurs who can use it to build companies with funding from the Blockchain Capital fund.
Johnson concedes in the CNBC interview that if the next breakt...

08:44

Startup Developing A Universal Currency For Gamers Is Announcing Its Pending Patent "IndyWatch Feed Crypto"

The Tap Project files a patent on converting mechanism that makes it possible for gamers to transfer currency into new games #SPONSORED

08:41

Bitcoin in Brief Thursday: Crypto Winter Is Almost Over "IndyWatch Feed Crypto"

Bitcoin in Brief Thursday: Crypto Winter Is Almost Over

Could this years crypto winter be nearing an end? Thats the opinion of some experts, and while bullish predictions are easy to come by, there are signs that a thaw could be underway. In todays Bitcoin in Brief, we examine the market forecast for the weeks ahead.

Also read: Bitcoin in Brief Wednesday: Buy the Rumor, Sell the News

Bears Abate While Bulls Congregate

While market uncertainty has persisted for weeks, a few experts have felt bold enough to pop their heads above the parapet and predict the worst is over. On Monday, Crypto Asset Managements Timothy Enneking asserted that the bull market has largely run its course. On crypto Twitter, many traders are also cautiously optimistic. For the first time in a long time, theyve actually begun sharing calls with their followers, something theyd hitherto been hesitant to do.

Bitcoin in Brief Thursday: Crypto Winter Is Almost Over

Bitcoin has scarcely moved in days, but altcoins, including ethereum and NEO, have started to show green shoots, and EOS is positively blossoming, up 27% in 24 hours. That being said, its too early for celebrations. As o...

08:30

Ripple Price Technical Analysis XRP/USD to Soar Higher? "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price is rising sharply and is currently trading above the $0.5200 support against the US dollar.
  • There is a major bullish trend line forming with support at $0.5050 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may correct a few points, but it remains supported above near the $0.5100 level.

Ripple price is gaining upside momentum against the US Dollar and Bitcoin. XRP/USD is poised to extend gains and downsides remain supported above $0.5100.

Ripple Price Trend

There was a nice support base formed near the $0.4850 level in Ripple price against the US Dollar. The price started an upside move and succeeded in breaking the $0.5000 resistance. It opened the doors for more gains, which resulted in an hourly close above $0.5100 and the 100 hourly simple moving average. It even moved past the $0.5200 resistance and traded as high as $0.5550 recently.

A downside correction is underway from the $0.5550 high. During the last slide, the price already tested the 50% Fib retracement level of the last wave from the $0.4938 low to $0.5550 high. The decline was protected by the $0.5200 support and the price moved back in the positive zone. It is currently trading well above the $0.5300 level and it looks set for more gains. On the upside, a break above the $0.5550 high could clear the path for a push above the $0.5800 level in the near term.

Ripple Price Technical Analysis XRP USD

The next resistance above $0.5800 sits near $0.6000. On the downside, below $0.5300, there is also a major bullish trend line forming with support at $0.5050 on the hourly chart of the XRP/USD pair. As long as the pair is above $0.5100, it remains in an uptrend for more gains.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD...

08:00

Search Giant Baidu Unveils Blockchain Photo Platform "IndyWatch Feed Crypto"

Chinaese search giant Baidu has launched a blockchain-based stock photo service in bid to protect image intellectual property in China.

07:44

AirPod to Revolutionize Travel & Napping Industry, Gets Four Mainstream Industry Advisors on Board "IndyWatch Feed Crypto"

AirPod, a blockchain startup based on the idea of installing private, capsule style units in public spaces like airports, railways and bus stations, hotels, offices and shopping centers, has acquired four industry-best advisors as it enters the main phase of the project. Taking Amar Singh, Nikolay Shkilev, Vladamir Nikitin and Nathan Christian as part of the Advisory Board, the AirPod team is getting bigger and stronger to achieve its milestones.

About AirPod

AirPod unit is a novel idea and an ideal solution for the people who seek a spot to relax, work, sleep or spend their spare time in the public places, but in private. AirPod offers an opportunity for investors to take part in its ICO, which is backed by a real business. The APOD utility tokens will be used in the AirPods initially placed to be installed at the airports worldwide. With time, the team has projected to expand the AirPods distribution to other public places where people look for such product or service.

The Well-Known Names Included in the AirPods Advisory Board

The company has recently announced the four advisors who have joined the AirPod project and team. These include:

  1. Nathan Christian

Nathan Christian joins the AirPod team as an ICO Advisor. He is an expert for Blockchain-based accounting and financial applications. With more than 35 start-ups on his credit, he holds immense expertise in the blockchain space. Some of his existing ICO advisory projects include TraDove, Friendz, Omnitude, Moonlite, VeriMe, BitRewards, and TraXion

He is an accomplished Blockchain and Fintech international speaker and is among the Top 5 ranked members of the People of Blockchain. His core areas of expertise include Ethereum and Bitcoin Blockchains, writing Smart Contracts and launching ERC20 tokens, ICO strategy, development, venture capital investment, consulting and advising for various sectors.

  1. Vladimir Nikitin

Vladimir Nikitin has joined the AirPod team as Strategic ICO Advisor. He is the Co-founde...

07:34

Best Monero Mining Hardware for 2018 "IndyWatch Feed Crypto"

The post Best Monero Mining Hardware for 2018 appeared first on 99 Bitcoins.

Why Mine Monero? Monero is one of the top privacy coins on the market. It currently resides in 10th place on the market cap list, and it has one of the most engaged communities of developers and users around. Mining Monero is one of the most user-friendly mining experiences out there. Monero uses an algorithm [...]

07:30

JP Morgan Chase Sued Over High Crypto Purchase Charges "IndyWatch Feed Crypto"

JP Morgan Chase & Co. finds itself in court facing a lawsuit that accuses the bank of usury stemming from a customer that used his credit cards to buy cryptocurrency from exchanges such as Coinbase.

Customer Files Federal Law Suit Against Morgan Chase

Fortune reports that the suit was filed on Tuesday, April 10 at the federal courthouse in Manhattan by Brady Tucker. Tucker, a Chase credit card holder from Idaho, accuses Morgan Chase of treating his purchases of cryptocurrency as cash advances starting as far back as January without any forewarning.

Cash advances carry instant charges and higher interest rates than normal purchases. Tucker who claims that he always paid his outstanding balance to the bank before the end of the billing cycle was never the less incurring interest rates of as much as 30% plus additional fees.

Seeking class-action status for the suit that asks for the return of all fees plus a million dollars in damages Tucker was quoted as saying,

Chase silently smacked them with instant-cash-advance fees, plus much higher interest rates than normal, and left them without any recourse,

As previously reported by NewsBTC major credit card issuers announced earlier this year it would apply cash advance fees and interest rates to purchases of cryptocurrency.

Is Cryptocurrency Cash, Property, Securities or What?

First reported on February 8 Mastercard and Visa informed customers that in addition to the normal 4% credit card fees charged for using their cards on exchanges like Coinbase there would be an additional 5% cash advance charge plus interest rates that begin at the time of purchase, not at the end of a billing cycle like a normal point of sales transaction.

This equals nearly a 10% hit right off the top of any cryptocurrency purchase made plus interest that can go as high as 30% as is the case in Mr. Tuckers suit.

Not many traders are willing to take a 10% loss off the top but for the moment there arent that many alternatives for purchasing cryptocurrencies.

Brady Tuckers lawsuit reignites the question of how cryptocurrenc...

07:23

Bank of England Unveils a Blockchain Proof-of-Concept to Share Data "IndyWatch Feed Crypto"

The Bank of England (BoE), Britains Central Bank, published a Proof-of-Concept (PoC) which analyzes the possibilities of allowing users to share data in a safe and secure network. The bank partnered with blockchain infrastructure provider, Chain, to examine the problem and work on the possible solutions. Fintech Proof-of-Concept While the PoC was not implemented practically, both companies tried

The post Bank of England Unveils a Blockchain Proof-of-Concept to Share Data appeared first on CCN

07:00

Ethereum Price Technical Analysis ETH/USDs Upside Drift "IndyWatch Feed Crypto"

Key Highlights

  • ETH price started a nice upside move and traded above the last swing high of $433.77 against the US Dollar.
  • There is a new major ascending channel forming with support at $428 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is likely to accelerate higher and it could trade towards the $444 and $460 levels.

Ethereum price is gaining pace against the US Dollar and Bitcoin. ETH/USD is currently above $433 and eyes a break above the $444 resistance level.

Ethereum Price Rise

There was a solid upside move initiated from the $386 swing low in ETH price against the US Dollar. The price traded higher and broke a few important resistances such as $400 and $410. There was also a close above the $415 level and the 100 hourly simple moving average. Recently, the price succeeded in clearing the 76.4% Fib retracement level of the last decline from the $433 high to $386 low.

More importantly, the price broke the last swing high of $433.77, which has opened the doors for more gains. The next resistance on the upside could be near $444-445. The mentioned $444 is the 1.236 Fib extension of the last decline from the $433 high to $386 low. Overall, the price remains in an uptrend and it could even break the $445 level for more gains. On the downside, there are many supports above the $425 level. There is also a new major ascending channel forming with support at $428 on the hourly chart of ETH/USD.

Ethereum Price Technical Analysis ETH USD

If the pair starts a downside correction, it could find support near $428-430. Below $428, the price may test the $408 level and the 100 hourly SMA. However, the short-term trend is bullish and the price may soon break $444.

Hourly MACD The MACD is gaining pace in the bullish zone.

Hourly RSI The RSI is now rea...

06:58

Bitcoin Price Technical Analysis for 04/12/2018 Slow But Steady Climb "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price is still trending inside an ascending channel pattern and has bounced off support.
  • Price is approaching another potential resistance level at its symmetrical triangle pattern.
  • A move past this ceiling could lead to a sharper climb for bitcoin to the mid-channel area of interest or the very top.

Bitcoin price is regaining ground after testing the rising channel support but has several upside barriers to contend with.

Technical Indicators Signals

The 100 SMA is crossing above the longer-term 200 SMA to signal that the path of least resistance is to the upside. In other words, the rally is more likely to continue than to reverse. Price has also moved above these dynamic inflection points as an early indication of strengthening bullish momentum.

However, bitcoin price needs to clear the next roadblock at the $7000 major psychological level, which happens to be the top of its symmetrical triangle before continuing its move north. From there price could test the mid-channel area of interest around $7250 before making it to the top of the channel around $7600-7700.

Note that the triangle spans $6500 to $7800 so the resulting rally could be of the same height. Similarly, a break below support at $6800 could lead to a selloff of the same size.

Stochastic is pointing up to signal that buyers still have some energy left in them. RSI is also moving higher so bitcoin price might follow suit. Both oscillators are approaching overbought levels, though, so buying pressure could fade soon.

Bitcoin price appears to be drawing some support from geopolitical risks while traders remain hesitant to put money on the dollar or on higher-yielding assets. This phenomenon has been observed before, right around the time the Greek debt crisis was still in play.

Besides, traders are expected to flock back to the dollar once the tax deadline is over as this was seen as the primary reason for the cryptocurrencys slide earlier in the week. Keep in mind th...

06:24

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

FOMO Moments

Markets have been bullish for the past 24 hours however this pattern is similar to what we have witnessed in previous weeks so the bears may not be out of the woods yet. Bitcoin has struggled to gain momentum but has inched slowly back towards $7,000 it currently trades just under at $6,950, up 1.7% on the day. Altcoins are predominantly in the green during this mornings Asian trading session but one seems to be on fire at the moment and that coin is EOS.

EOS has surged 45% according to Coinmarketcap and has supplanted Litecoin for fifth place in the charts. Trading this time yesterday at around $6, this altcoin is up to $8.80 today. Over the week EOS has been pretty flat ranging around the $5.80 mark, that is until it started to pump around 20 hours ago. The monthly picture shows a similar gain of around 45% as EOS has been trading around the $6 area for the past four weeks. This latest spike is responsible for all of its gains. Against Bitcoin EOS is up 45% on the day to 127000 satoshis from 87800 sats this time yesterday. Monthly gains against BTC are a lot higher as EOS has doubled from 63000 satoshis this time last month.

There have been no updates on its Twitter feed to cause such a spike but there have been rumors circulating regarding an airdrop which may have created the fomo moment. The bullish sentiment has originated on Asian exchanges with trade in KRW dominating this morning on South Koreas Bithumb and Upbit. These two exchanges alone represent 45% of the total volume, Bitfinex coming in third with 14%.

The total trade volume for EOS has jumped a staggering 860% from $228 million to $2.2 billion in 24 hours. This has pushed the total market capitalization for EOS to just under $7 billion, which has knocked Litecoin off fifth spot in the charts. It remains to be seen whether this strong upward momentum can be sustained or the altcoin will fall back to previous levels during the European and US trading sessions.

Total crypto market cap has risen again this morning by 4.8% to $277 billion. However this level is only just above the previous big dip on March 18 so the bear run may not be over yet. Other altcoins enjoying double digit growth this morning on Asian markets include Ripple, Cardano and Neo.

More on EOS can be found here:...

06:08

Bitcoin Cash Price Technical Analysis BCH/USD Could Test $700 "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price is moving higher and is currently placed above $650 against the US Dollar.
  • Yesterdays highlighted connecting bullish trend line with support at $650 is intact on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is showing bullish signs and it seems like it could break $680 to test the $700 handle.

Bitcoin cash price is gaining pace against the US Dollar. BCH/USD is likely to accelerate higher as long as it is above the $650 support level.

Bitcoin Cash Price Support

There was a decent start of an upside wave from the $625 swing low in bitcoin cash price against the US Dollar. The price traded above the $640 and $650 resistance levels to move back in a positive zone. More importantly, the price is now well above the $640 pivot level and the 100 hourly simple moving average. It recently traded as high as $676 before a minor downside correction.

It tested the 23.6% Fib retracement level of the last wave from the $625 low to $676 high. However, the downside was limited and it seems like the price is about to resume its uptrend. A break above the $676 high could push the price towards the last swing high at $685. Above the mentioned $685 level, the price may even test the $700 resistance in the near term. On the other hand, if there is a downside correction, the $650 support may stop losses.

Bitcoin Cash Price Technical Analysis BCH USD

Moreover, yesterdays highlighted connecting bullish trend line with support at $650 is intact on the hourly chart of the BCH/USD pair. Therefore, the pair remains supported on the downside above the $650 level and it could continue to move higher towards $700.

Looking at the technical indicators:

Hourly MACD The MACD for BCH/USD is moving nicely in the bullish zone....

06:00

Blockchains Alone Wont Fix the Facebook Problem "IndyWatch Feed Crypto"

The root problem of social media is centralization of control over data. The ideas that underpin blockchain tech offer glimpses of a path forward.

05:25

Nasdaq Will Delist Former Beverage Company Long Blockchain Corp. "IndyWatch Feed Crypto"

Long Blockchain Corp. will be delisted from the Nasdaq due to low market capitalization. #NEWS

05:01

The Number of Cryptocurrency Exchanges Has Exploded "IndyWatch Feed Crypto"

The Number of Cryptocurrency Exchanges Has Exploded

In bitcoins earliest days, you could count the number of cryptocurrency exchanges on two hands: Mt Gox, Bitstamp, Btc-e, Vircurex and a handful of others, as well as P2P exchange Localbitcoins. Today, the landscape has changed dramatically. There are now over 500 exchanges to choose from and that number is growing with every passing week.

Also read: Bittrex Exchange is Back! Annnnnnd Its Gone Again

There Are Now More Than 500 Cryptocurrency Exchanges

Calculating the number of crypto exchanges in the world is a lot harder than it sounds. Coinmarketcap lists 208, and there are dozens more listed on other cryptocurrency tracking sites. In addition, there are hundreds of regional exchanges that are only accessible within certain countries and continents. Canada has Einstein Exchange. Africa has Golix. Australia has ACX and will soon have Nauticus,...

03:34

Scam Round-Up: Asian Investment Schemes and Snail Mail Extortion "IndyWatch Feed Crypto"

Scam Round-Up: Asian Investment Schemes and Snail Mail Extortion

Unfortunately, as with any industry, scams of all shapes and sizes persist within the cryptocurrency sector. This past week has seen a Filipino couple arrested after amassing over $17 million USD through a bitcoin investment scam, and protests held outside the office of a Vietnamese company that swindled $660 through two multi-level marketing (MLM) initial coin offerings (ICOs). It appears that cryptocurrency scams are still being peddled via analog communications with phone and snail mail-based scams being reported this week also. 

Also Read: Bittrex Exchange is Back! Annnnnnd Its Gone Again

Filipino Couple Amasses Nearly $1 Billion Philippine Pesos Through Investment Scam

Scam Round-Up: Asian Investment Schemes and Snail Mail ExtortionEarlier this week, the Philippine National Police (PNP)...

03:30

Vietnam Responds to Crypto Scam With Calls For a Harder Line on Digital Currencies "IndyWatch Feed Crypto"

Earlier today, officials in Vietnam called for greater scrutiny against those investing or making transactions using cryptocurrencies. Statements from the Prime Minister follow what could be the largest case of fraud involving digital currencies in the nation.

Despite Illegality, Vietnamese Investors Fall Victim to Massive ICO Scams

The Prime Minister of Vietnam addressed various government and financial bodies in a directive on Wednesday in light of recent massive ICO scams. Nguyen Xuan Phuc instructed the State Bank of Vietnam, the Ministry of Public Securities amongst other institutions to ensure greater management of activities related to Bitcoin and other cryptocurrency. According to Reuters, the official government website supported this by stating:

Cryptocurrency investment and trading and raising money through initial coin offerings are evolving in a more complicated manner.

Following this statement, the stability of the nations financial system was called into question in relation to the potential cryptocurrency could pose to existing structures. According to the government statement, digital currencies posed risks to not only finance but also the social order of the country.

The directives came in response to a report by the states news broadcasting department. According to governments media wing, police in Ho Chi Minh City had been requested to investigate the illegal advertising of token sales by a company called Modern Tech JSC.

It was also reported that the two companies involved with Modern Tech JSC were Ifan based in Singapore, and Pincoin registered in Dubai. Between them, they raised around 15 trillion dong (around $660 million) from around 32,000 Vietnamese investors. Both of these companies have since emerged as being scams.

When the Vietnamese investors learned that theyd been duped out of money, a protest was staged on Sunday evening outside the Ho Chi Minh office of Modern Tech JSC bringing the issue to the attention of authorities.

The police chief in Ho Chi Minh city spoke to Reuters briefly:

...

02:00

Australias Digitalx Launches Cryptocurrency Investment Fund "IndyWatch Feed Crypto"

Australias Digitalx Launches Cryptocurrency Investment Fund

Traditional Australian investors have gotten a new alternative for investing in the bitcoin and cryptocurrency markets. A publicly listed firm has launched a fund focusing on the field. Additionally, Digitalx has created a new educational video platform about cryptocurrency.

Also Read: Australias Blockbid Exchange Granted Cryptocurrency License by Austrac

Digitalx Investments

Australias Digitalx Launches Cryptocurrency Investment FundDigitalx Ltd (ASX: DCC), has launched a new crypto-assets investment fund that will focus primarily on leading cryptocurrencies while allowing diversification with regulated ICO tokens, crypto derivatives, fiat, and managed schemes. Ellerston Capital veteran Tim Davies has been appointed as portfolio manager.

To create the fund, DigitalX pitched in $750,000 from its bit...

01:59

Crypto Tax Support Is Coming Slowly to India "IndyWatch Feed Crypto"

A partnership finds two India-based startups seeking to provide tools to crypto users who may need to report gains and losses on their 2018 taxes.

01:49

Telegram Copycat Company Exposed as Fraud "IndyWatch Feed Crypto"

Someone has registered a company in the UK that has plagiarised the global instant messaging app Telegrams ICO project name. According to reports in Quartz, the Telegram Open Network Limited was incorporated in late February.

UK Company Listing an Obvious Fraud

According to documents from Companies House, the UK company register, Telegram Open Network Limited was registered under the name of the real instant messaging applications founder, Pavel Durov. He is listed as the UK Limited companys sole shareholder, director, and secretary.

Several Twitter users speculated about whether the new company listing was anything to do with the real Telegram app. Their intrigue was eventually responded to by the official account of the messaging service:

However, even before the official response on the matter, doubt was raised over the legitimacy of the newly registered company for several reasons. Firstly, the listing states that Durov is a British citizen and that the companys base is in the UK. In fact, the Telegram founder is actually a citizen of St. Kitts and Nevis. The Russian-born entrepreneur was given citizenship there are donating a quarter of a million dollars to the nations sugar industry.

The second red flag is the paid-up capital listing the suspicious Limited company registered with Companies House. According to Quartz, a potential investor in the Telegram ICO stated that pouring the 800 million listed into a UK-based company would be foolish due to the enormous tax obligations theyd face. The unnamed investor stated:

Its a scam of some sort. 

Confusingly, Telegrams actual crypto project is called the Telegram Open Network too. It has raised over $1.7 billion in funding so far.

...

01:43

Ripple Invests $25 Mln In XRP In Blockchain Venture Fund "IndyWatch Feed Crypto"

Global payments network Ripple invests $25 mln in XRP into a Blockchain venture fund aiming to promote development of the Blockchain space. #NEWS

01:20

22 European Nations Come Together with Blockchain Partnership "IndyWatch Feed Crypto"

22 European Nations Come Together with Blockchain Partnership

On April 10, 2018, 22 European countries joined forces to cooperate on blockchain regulation and education.

The European Blockchain Partnership will be a vehicle for cooperation amongst Member States to exchange experience and expertise in technical and regulatory fields and prepare for the launch of EU-wide blockchain applications across the Digital Single Market for the benefit of the public and private sectors, states the European Commission press release.

A complete list of the participating countries includes Austria, Belgium, Bulgaria, the Czech Republic, Estonia, Finland, France, Germany, Ireland, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and the U.K. An invitation to join the partnership has been extended to other countries, Members of the EU and of the European Economic Area.

Spearheaded by the European Commission, the partnership wants to ensure that Europe stays at the forefront of blockchain development in the years to come. The press release gives a nod to blockchain technology for promoting user trust, and the partnership believes it will play a foundational role in a number of digital services in the future, including logistics, finance and regulatory reporting.

Partner states especially see the potential for blockchain technology to integrate with Europes Digital Single Market, a policy initiative that looks to unite Europes disparate online markets into one. Like the Digital Single Market, the partnership will try to avoid disjointed approaches to blockchain development among EU and European Economic Area members. Its the partnerships hope that cooperation will lead to smooth, cross-country interoperability wit...

00:45

Taking Ether Public: An Interview with Ether Capital CEO Michael Conn "IndyWatch Feed Crypto"

Taking Ether Public: An Interview with Ether Capital CEO Michael Conn

Ether Capital is positioning itself to be the first Ethereum-focused publicly traded company. Having already raised $45 million through a private placement, the Toronto-based firm is now close to finalizing the reverse takeover (RTO) of a Vancouver shell company by mid-April.

Ether Capital is a technology company focused on building the central business and investment hub for the Ethereum ecosystem, explained Ether Capital CEO Michael Conn in an interview with Bitcoin Magazine.

We feel that being publicly traded, and therefore transparent, gives us a significant competitive advantage in the marketplace and helps protect us against the regulatory headwinds that ICOs [initial coin offerings] have been recently facing.

Ether Capital aims to bring some clarity to an industry that has been largely opaque. The lack of transparency and the concerns around ICO-related fraud have recently led to a clampdown of sorts on ICOs and exchanges by the U.S. Securities and Exchange Commission (SEC) and other global financial regulators.

Approximately 90 percent of ICOs fail, noted Conn. Its unclear if some ICOs which have raised millions of dollars will even come to market.

Ether Capitals plan is to set the proceeds from its private placement aside for working capital and to acquire ether, the native currency of the blockchain-based platform Ethereum, once they complete their RTO in mid-April.

We believe ether is a strategic asset in and of itself and are bullish that it will appreciate in its own right, said Conn, in spite of recent price corrections that have seen ether decline to the $300 handle, though it has recovered to above $400 at the time of writing.

...

00:39

J.P. Morgan Chase Sued For Charging Crypto Buyers With Surprise Fees "IndyWatch Feed Crypto"

J.P. Morgan Chase is accused of charging its customers with extra fees for cryptocurrency purchases using their credit cards. #NEWS

00:30

How an OTC Bitcoin Scammer Almost Stole $600 Million "IndyWatch Feed Crypto"

How an OTC Bitcoin Scammer Almost Stole $600 Million

OCT trading involves high value deals that can run into the hundreds of millions of dollars. Whales want privacy and zero slippage, which isnt possible on a cryptocurrency exchange, while buyers want large quantities of bitcoins at below market rates. Its an arrangement that suits both parties, but for it to work, trust is essential as the cautionary tale of a $600 million OTC scam shows.

Also read: India Bitcoin Caper: 10 Cops Busted Over Kidnapping and Extortion

The 99,848 Bitcoin Deal That Almost Went Through

On April 2, Miles, an OTC bitcoin broker, left Europe for Singapore. During the 12-hour flight, he had plenty of time to reflect on the 99,848 BTC sale he would be closing, in return for which he would pocket a 1,000 BTC commission. News.Bitcoin.com has spoken to multiple sources involved with the deal on the condition of anonymity, and has viewed the letter of intent (LOI) and other supporting documentation. Prior to Miles (not his real name) flying to Singapore, several weeks of due diligence and negotiations on behalf of buyer and seller had been conducted, as is customary.

...

00:00

The Winklevoss Brothers Just Won a Crypto Patent "IndyWatch Feed Crypto"

A company owned by investors Cameron and Tyler Winklevoss has won a crypto-related patent.

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Crypto Currency Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

Wednesday, 11 April

23:56

The Truly Shared World: Full Consensus Distributed Ledger Technology "IndyWatch Feed Crypto"

The Truly Shared World

Full consensus distributed ledger technology, secure, fast, decentralised, energy efficient and profitable.

Source: The Final Wakeup Call


Faster and more efficient than blockchain technology

People want privacy, without anyone spying on them, and not funded by advertisements. Just something that appears out of nothing living in your computer. Enabling you to participate on multiple levels in a shared world, that connects everyone to each other. Maybe with a few friends setting up a little stock market just for them to send things back and forth. Banks do this; but theyre the so called dark pools. Its like a tiny little stock market, just for a few players that sort of trust each other, but not entirely.

For sure, the dark pool banking system is likely to taking advantage of some of the information involved. Maybe one bank hosts the server but they can always manipulate the timing a little bit and people should worry about this. This should be eliminated forever. A completely trustworthy stock market is needed that maybe allows you and me and a few others to trade, a very different world of stored data that keeps track of cryptocurrencies, linked together for buying and selling stocks.



Hashgraph inventor and cofounder of Hashgraph Company, Leemon Baird has, as part of his quest to understand cryptocurrency, developed a new technology that allows for the building of a full-consensus ledger, faster and more efficient than blockchain technology. To be clear; Hashgraph is not blockchain.

Distributed consensus through the Hedera Hashgraph platform

...

23:50

EOS Price Soars 30% as Airdrop Nears amid Wider Market Rally "IndyWatch Feed Crypto"

The EOS price leaped by more than 30 percent on Wednesday, headlining a rally that saw the cryptocurrency market cap swell by more than $6 billion. EOS Price Headlines Market Rally with 30 Percent Surge On Wednesday, the EOS price exploded by an eye-popping 33 percent, outpacing every other top 100-cryptocurrency. At present, EOS is

The post EOS Price Soars 30% as Airdrop Nears amid Wider Market Rally appeared first on CCN

23:45

Alibabas Taobao Expands Crypto Regulations By Banning ICOs And Associated Services "IndyWatch Feed Crypto"

Alibabas Chinese subsidiary Taobao will ban stores on the platform from providing services related to ICOs starting April 17. #NEWS

23:00

NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 12, 2018 "IndyWatch Feed Crypto"

Most coins are in the green but our focus today is on EOS and NEO. Its now common knowledge that EOS was April 11 top performer gaining a massive 22 percent. In my view, EOS shall continue to expand but not at the same pace. Remember it was technically a break out so today we expect some lower lows before trend resumes. NEO is also up but I will also shift my attention to Litecoin which is under-performing the market. It is oversold but Litecoin might adjust and sync with the general market trend.

Lets have a look at these charts:

XLM/USD (Stellar Lumens)

Stellar Lumens Technical Analysis

XLMUSD 4HR Chart from Bittrex for April 12, 2018

A 2.43 percent gain is not that impressive but as far cryptos and Stellar Lumens is concerned, it is huge. Not only did this small gain nudge prices above the main resistance trend line and wedge in the 4HR chart but it is actually laying a foundation for buyers to reject further losses.

In my view, and considering yesterdays Stellar Lumens technical analysis, this gain is likely to continue today especially if there is a surge past our buy trigger line at $0.21 or this weeks highs.

Any moves past this will be a clear break out in the daily chart where prices have been in consolidation mode for a while now. Because of this I expect buyers to expand and test $0.27 in the coming days.

IOT/USD (IOTA)

IOTA Technical Analysis

IOTUSD 4HR Chart from BitFinex for April 12, 2018

Time is money and whether you think IOTA is vaporware or a real solid project, then time shouldnt be your psychological enemy....

23:00

Brazilian University Launches Cryptocurrency Masters Programme "IndyWatch Feed Crypto"

Brazilian University Launches Cryptocurrency Masters Programme

A major Sao Paulo institution is launching what has been reported as Brazils first Masters degree in cryptofinance. The course comes amid an increasing embracement of virtual currencies on the part of the Brazilian universities, with themes pertinent to cryptocurrency increasingly being incorporated into mainstream tertiary finance studies.

Also Read: FSA Study Reveals 3.5 Million Cryptocurrency Traders in Japan

Brazilian University to Launch Masters in Cryptofinance Next Semester

Brazilian University Launches Cryptocurrency Masters ProgrammeSao Paulo-based Fundacao Getulio Vargas {FGV} has announced what it claims is the countrys first Masters degree in cryptofinance.

Program coordinator at FGV, Ricardo Rochman, emphasized the...

22:47

Irony Alert: JPMorgan Gets Sued for Bitcoin Fraud "IndyWatch Feed Crypto"

If Jamie Dimon didnt believe in karma before, he may be a believer now. JPMorgan has been hit with a class-action lawsuit on allegations of tacking on unannounced layers of fees plus interest after pulling the rug out from under the feet of cryptocurrency investors, according to a Reuters report. No wonder the decentralized revolution

The post Irony Alert: JPMorgan Gets Sued for Bitcoin Fraud appeared first on CCN

22:35

Nasdaq Exchange to Delist Long Blockchain Stock "IndyWatch Feed Crypto"

Shares of the beverage manufacturer that pivoted to cryptocurrency will no longer trade on the Nasdaq, beginning Thursday.

22:34

Major Collaborative Effort to Diversify Genomic Data by Sequencing Population in India "IndyWatch Feed Crypto"

A project with the goal of developing the worlds biggest collection of genomic information is aiming for a new collaboration in India that will help address inadequacies in the diversity of genomic data currently used in research globally.

Shivom is describing its new relationship with the government of Andhra Pradesh as hugely significant because it means access to sequencing the nearly 60 million citizens in Indias eighth-most-populous state. In turn, these individuals will have the potential to benefit from improved health services and a more preventative approach to medicine.

The company aims to enable anyone to get their genome sequenced with the information uncovered through DNA sequencing providing insights to people about risks of potentially developing certain medical conditions, and learn how to better prevent them where possible, as well as work with healthcare professionals to determine which treatment plans will be most effective.

Data privacy has become a hot topic following on from the scandal involving Facebook and Cambridge Analytica with Shivom emphasizing that its platform puts the ownership of an individuals data in their hands.

Gourish Singla, the companys COO, says the current controversy at Facebook proves how important it is for the public to be aware of how their personal information is used. Genomic data will be stored securely in Shivoms Blockchain-based system and the individuals it belongs to have the final say over who sees it. In some cases, people can be rewarded via tokens if they choose to provide their data to healthcare providers and researchers.

Part of the partnership in Andhra Pradesh will see Shivom open a new development center at Fintech Valley Vizag. Meanwhile, the company also plans to collaborate closely with the local government on issues including cybersecurity and analytics at the International Institute of Digital Technologies.

Cutting the risk of misdiagnosis

When it comes to genomic data, insufficient diversity has been a long-running issue with many databases lacking adequate sample sizes from ethnic minorities. These gaping holes in knowledge mean that patients from such communities can run the risk of being misdiagnosed, while researchers are left unable to learn more about variants in diseases and how different groups react to the medication.

Dr. Axel Schumacher, the CEO of ...

22:30

Destroying the Illusion: QAnon Analysis April 10th 2018 "IndyWatch Feed Crypto"

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21:51

Hedge Fund Manger Lists Multi-Million Dollar Townhouse in Bitcoinfor a 50% Premium "IndyWatch Feed Crypto"

The real estate industry is increasingly embracing bitcoin as a form of payment. Most recently, hedge fund manager Claudio Guazzoni de Zanett has put his Manhattan townhome on the market for nearly $30 million in USD or $45 million in cryptocurrencies, according to a story in The Wall Street Journal. Zannett is hedging his bets, attaching a

The post Hedge Fund Manger Lists Multi-Million Dollar Townhouse in Bitcoinfor a 50% Premium appeared first on CCN

21:45

Taklimakan Joins Forces with Achain to Develop New Tools That Improve Cryptocurrency Literacy "IndyWatch Feed Crypto"

Taklimakan Network, the Singapore-based business and cryptocurrency educational platform that connects experts, analysts, and blockchain enthusiasts, has announced that they will be further developing their cryptocurrency literacy tool in collaboration with Achain. The two companies have signed a memorandum of understanding that both say will expand their research and development capabilities.

The Taklimakan Network team has been actively connecting with partner companies who share their values to bring cryptocurrency and blockchain literacy to the mainstream. Taklimakans project was developed with a goal of increasing financial literacy among people who have an interest in cryptocurrency but who need access to reliable tools and analysis to help them make sound decisions when buying or trading tokens in the crypto market. Their web- and mobile-based app allows enthusiasts of any level to interact and connect with experts and avail themselves of sophisticated trading and analytical tools and educational materials, all aimed at increasing mainstream participation in the blockchain market. Taklimakan offers both a moderated news aggregator and an analytical service, and even allows their users to participate in crowdsourced predictions

Achain was founded in 2015 with a mission of bringing blockchain to everyone. Their public Blockchain as a Service (BaaS) platform was designed to give enterprises and companies the ability to issue their own tokens and to create smart contracts and their own blockchain systems. The project itself was a blockchain community-driven idea that resulted in the non-profit Achain Foundation. The platform currently supports the Lua programming language and will expand to Java, Python, Go, and others later this year. Their relationship with Taklimakan will likely increase demand for the very type of platform development envisaged by Achain.

Taklimakan Co-Founder and Managing Partner, Rashid Yussup, who was an early crypto and blockchain adopter, has first-hand knowledge of how difficult entering the crypto sphere can be for novices and even experts in more traditional types of trading. He says he is excited to be collaborating with another company that recognized early on the potential of blockchain to make a difference in the everyday world. Were excited to have this opportunity to work with Achain as we continue to develop our product, he says. They have been committed to building a boundless cryptocurrency world based on a belief that blockchain is the innovation reform that will pave the way for a more democratic economic structure for future generations. With the help of Achain, we can create a world where people are directly c...

21:24

Lawsuit Alleges JPMorgan Chase Overcharged Crypto Buyers "IndyWatch Feed Crypto"

An Idaho resident has sued the bank on behalf of "hundreds or thousands" of affected cryptocurrency investors.

21:19

ATB Financial Is Reaching Out to Blockchain Startups and ICOs "IndyWatch Feed Crypto"

This Canadian Bank Is Reaching Out to Blockchain Startups and ICOs

Financial institutions in Canada have largely embraced blockchain technology, with most major banks, including the central Bank of Canada, conducting pilot projects or at least research into the uses of blockchain technology in banking. In fact, the Bank of Canada has gained a reputation for blockchain-friendliness with its experiments with mock digital currencies and payment systems on the Ethereum blockchain.

As for bitcoin and other cryptocurrencies, theyve mainly been getting the cold shoulder from Canadian banks, with most crypto startups having some difficulty getting bank accounts and accessing other banking services.

Addison Cameron-Huff, a Toronto-based technology lawyer and the president of Decentral Inc., told Bitcoin Magazine:

Banking is still difficult in the Canadian blockchain industry. And especially so for businesses at the interface of the banking system and crypto.

I dont think any of the banks can be said to be very friendly in terms of business banking services (although they have made multimillion investments in blockchain companies).

ATB Financial Steps Up to the Plate

Not so for ATB Financial, a financial institution based in the province of Alberta.

ATB Financial has established an Office of Innovation with campuses in Calgary and Edmonton, Alberta, designed in part to look at ways to assist new innovative startups, including blockchain and cryptocurrency businesses.

...

20:59

Caribbean Nations Introduce Crypto Payments in the Travel Industry "IndyWatch Feed Crypto"

Caribbean Nations Introduce Crypto Payments in the Travel Industry

The Caribbean Tourism Organization is going to introduce cryptocurrency payments for tourism services and products offered in the region. In partnership with a local company, CTO wants to implement crypto-based merchant applications in the travel industry and other related sectors. Another goal is to further integrate the regions economies through more cryptocurrency transactions.

Also read: Antigua and Barbuda to Set Up a Cryptocurrency Exchange

Embracing Cryptos to Deal With Issues and Restrictions

Trying to adequately address economic and financial issues, Caribbean governments and businesses are increasingly turning towards cryptocurrencies like bitcoin. The region has been experiencing sluggish growth and high debt rates for some time. In recent years, large U.S. banks have been withdrawing capital from the Caribbean markets. Their de-risking policies have created a deficit of banking services. Local banks and authorities have been accused of aiding money-laundering practices and are dealing with restricted access to foreign exchange reserves. All this has affected Caribbean economies, which are heavily dependent on tourism and international trade.

The Caribbean Tourism Organization has become the latest regional institution to embrace cryptocurrencies, local news outlets reported. CTO has reached an agreement with the...

20:40

Ripple Invests $25 Million of XRP in Blockchain Capital Fund "IndyWatch Feed Crypto"

Ripple has invested $25 million of its XRP token into a fund created by notable industry venture capital firm Blockchain Capital.

20:40

Bittrex Reopens New User Registrations But Only for 25 Minutes "IndyWatch Feed Crypto"

For 25 glorious minutes, users were free to create accounts on Bittrex, one of the most popular cryptocurrency exchanges. That news might seem underwhelming. However, the Seattle-based cryptocurrency exchange seventh-largest in the world as measured by daily trading volume had paused new user registrations in December as it worked to scale up its

The post Bittrex Reopens New User Registrations But Only for 25 Minutes appeared first on CCN

20:16

Cryptocurrency Startup To Take On Outdated Credit Cards Through Blockchain Payment Protocol "IndyWatch Feed Crypto"

A crypto startup is challenging credit cards by creating a Blockchain protocol where crypto payments are just as flexible and less expensive #SPONSORED

20:09

European Startup To Enable Access To Commercial Real Estate For Small Investors "IndyWatch Feed Crypto"

A company is betting on breaking the dominance of institutional investors in commercial real estate, and opening it to many others including small individual investors. #SPONSORED

19:55

Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries "IndyWatch Feed Crypto"

Corporations Bypassing Korean ICO Regulations With Overseas Subsidiaries

Major corporations in South Korea are increasingly establishing cryptocurrency subsidiaries and launching initial coin offerings outside of the country due to prohibitive regulations. They are seeking opportunities in countries like Japan, Switzerland, Singapore, and Gibraltar.

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

Regulations Driving Away Businesses

An increasing number of corporations in South Korea are establishing cryptocurrency and blockchain subsidiaries abroad due to restrictive regulations. Money Today elaborated:

Koreas largest Internet and mobile companies have left Korea one after another as they entered virtual currency and blockchain businesses.

Corporations Bypassing Korean ICO Regulations With Overseas SubsidiariesMany companies are leaving Korea because the government has banned initial coin offerings (ICOs), the news outlet noted and recalled financ...

19:50

Etoros Greenspan: Wall Street is Building Bridges to Bitcoin "IndyWatch Feed Crypto"

Mati Greenspan, a senior market analyst at Etoro, says that Wall Street is prepared to inject new liquidity into bitcoin, and thats exactly what the market needs. Greenspan in an interview with Bloomberg addressed the market themes surrounding bitcoin and some of the issues facing the market as well as bitcoin as a payment method.

The post Etoros Greenspan: Wall Street is Building Bridges to Bitcoin appeared first on CCN

19:44

HOLDVEST: Access Every Exchange from a Single Portal "IndyWatch Feed Crypto"

With the proliferation of exchanges and the different currencies they list, its becoming ever more complicated to access the best crypto opportunities. Now, HOLDVEST has the perfect solution to the user difficulties and fragmented order books that plague altcoin trading.

What Is HOLDVEST and How Will It Operate?

HOLDVEST is a new kind of blockchain investment platform that combines the best features of exchanges, brokerages, and instant trading apps. In short, the project is a one-stop gateway to every exchange and crypto service youll need with super-low fees.

holdvest

The platform is built around a powerful liquidity aggregator that is connected to all major crypto exchanges (a little like ShapeShift), as well as its own internal decentralised exchange, enabling users to gain the best price for supported coins. At the same time its clean, straightforward user interface is suitable for novice investors and experienced traders alike. HOLDVEST therefore combines the simplicity of a brokerage with the low fees and high liquidity enabled by accessing multiple exchanges, all within a single portal. And, unlike many other crowdfunded blockchain projects, HOLDVEST already has working software and a functional website.

Key Benefits of the Platform

Two of the most obvious benefits of this approach are ease of use and low cost. Users do not need separate accounts on several different cryptocurrency exchanges, or be familiar with the quirks and nuances of each one. HOLDVEST automatically splits orders across exchanges in the most efficient way and enables anyone to buy and sell popular cryptocurrencies for the very best price.

When the platform is fully up and running, HOLDVEST token (HDL) holders will enjoy numerous privileges. These include voting to list new cryptocurrencies and to support new ICOs; rating ICOs in terms of business model and trustworthiness of teams as a form of collective due diligence; and implementing new functionalities of various types on the platform. It will also be possible to create and trade crypto index funds, allowing users to diversify their portfolios automatically and even profit from designing successful index funds!

...

19:30

EU Agencies to Offer 100K Prize at Blockchain Hackathon "IndyWatch Feed Crypto"

The EU Commission and the EU Intellectual Property Office will host a hackathon to explore blockchain use cases for intellectual property protection.

18:45

Bitfinex in Poland: Were There Money Laundering Links? "IndyWatch Feed Crypto"

Bitfinex was recently accused of fraud and money laundering, but was there anything to it? #FOLLOW_UP

18:45

Vietnam Investigates ICO Fraud After $660 Million in Losses Reported "IndyWatch Feed Crypto"

A team that conducted two token sales involving thousands of investors has gone dark.

18:34

Will Congress put America back on the Gold Standard? "IndyWatch Feed Crypto"

Download the Government Lies Exposed: Inflation eBook http://bit.ly/2IxuQeI

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18:31

New York Townhouse Now On Sale For $45 Mln In Cryptocurrency "IndyWatch Feed Crypto"

Six-story Upper East Side town listed for either $45 mln in crypto: BTC, ETH, or XRP, or $30 mln in fiat #NEWS

18:30

Bithumbs Revenue Last Year Jumps 171-Fold Compared to 2016 "IndyWatch Feed Crypto"

Bithumb's Revenue Last Year Jumps 171-Fold Compared to 2016

According to local reports, the South Korean exchange Bithumb has released the firms 2017 revenue and the exchange made 171 times more than the previous year.

Also read: Japan Revises Registration Rules for Cryptocurrency Exchanges

Bithumbs revenue has increased 171-fold

One of South Koreas largest digital asset trading platforms has seen an increase in revenue that not many firms in the country doing business have ever surpassed. The columnist Yoon Hyung Joong details that Bithumbs revenue has increased 171-fold compared to the previous year. The companys earnings report was released due to the fact Bithumb is a subsidiary of a publicly traded company called BTCKorea.

Bithumb's Revenue Last Year Jumps 171-Fold Compared to 2016

BTCKoreas audit report published on March 20 on South Koreas Financial Supervisory Service website shows that the firms sales added up to 333.4Bn KRW ($312Mn USD) and a net income of 427Bn KRW ($400Mn USD) in 2017. I...

18:16

The Resurrection Of The Gold Standard & The Collapse Of The Old System "IndyWatch Feed Crypto"

As the financial world is in a near constant state of chaos of late, from the stock market and cryptocurrency markets to trade wars and the slowly dying petrodollar, it is becoming clear that some massive changes are on the horizon. Whether they will ultimately be good or bad for the average investor is unclear, []

The post The Resurrection Of The Gold Standard & The Collapse Of The Old System appeared first on The Last American Vagabond.

18:13

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 11 "IndyWatch Feed Crypto"

Bitcoin has had rallies in the second quarters of 2016 and 2017. With the beginning of the same period of 2018, will the pattern repeat? #PRICE_ANALYSIS

17:50

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims "IndyWatch Feed Crypto"

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor. On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm

The post Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims appeared first on CCN

17:41

EOS Leads Pack As Top 10 Cryptos See Price Upticks "IndyWatch Feed Crypto"

Prices for the largest cryptocurrencies by market capitalization have risen during Wednesday's trading session.

17:29

Bittrex Exchange is Back! Annnnnnd Its Gone Again "IndyWatch Feed Crypto"

Bittrex Exchange is Back! Aaaaannd Its Gone Again

After nearly four months of being purposefully offline to new users, popular crypto exchange Bittrex announced its reboot, complete with a new website. Within an hour, the company had to once again cease onboarding customers.

Also read: Bitgrails $170M Hack Continues to Provide Drama

Bittrex Reemerges

Bittrex CEO Bill Shihara explained, Weve spent the past four years building Bittrex on the founding principles of innovation, security and responsibility. Given these principles, pausing new user signups during a period of immense trading volume was not a decision we took lightly, but our responsibility to provide customers with a reliable platform and outstanding customer service, made it the right thing to do. After diligently working to improve our infrastructure and upgrade our website, were pleased to announce registration for new users resumed today.

The last anyone had heard of the Seattle-based exchange publically, was when it revealed back in March the decision to delist these tokens has been made on the basis of maintaining the companys strict coin listing criteria. Of the 82 digital tokens to be delisted, 28 have either broken blockchains or wallets that will not allow withdrawals. Other tokens are set to be delisted due to thin liquidity, these pages reported.

...

17:22

Not Just for Day Trading, Cryptocurrency Is Funding and Helping to Educate Children In Africa "IndyWatch Feed Crypto"

africa

Dash is sponsoring youth programs in Africa, where children have access to healthy food, an extensive library, and athletic activities.

The post Not Just for Day Trading, Cryptocurrency Is Funding and Helping to Educate Children In Africa appeared first on The Free Thought Project.

17:00

A Q2 Price Boost? History Is On Bitcoin's Side "IndyWatch Feed Crypto"

A study of historical bitcoin data makes a strong case in favor of the bulls for Q2 2018.

16:52

Ripple Invests $25 Million in XRP in Blockchain Capitals $150 Million VC Fund "IndyWatch Feed Crypto"

Ripple has announced a $25 million investment with its own cryptocurrency, XRP, in Blockchain Capital the oldest investment fund for the crypto industry. Ripple has confirmed its participation in the Blockchain Capital Parallel IV LP Fund, a part of the latters fourth venture round which only accepts contributions in cryptocurrencies. In a statement to Continued

The post Ripple Invests $25 Million in XRP in Blockchain Capitals $150 Million VC Fund appeared first on CCN

16:49

Crypto Exchange Bittrex Reopens Registrations, Users Lambast New Interface "IndyWatch Feed Crypto"

Bittrex reopens registration portal, but new interface and technical hiccups spark disaffection among users. #NEWS

16:40

Baikal Miner Adds Nist5 and X11Ghost Support to the BK-X ASIC "IndyWatch Feed Crypto"

On a side note Baikal Miner has been running some crazy sales on their other two ASIC miners, The Baikal Miner BK-N for Cryptonight and Cryptonight-lite is in pay 1 get 5 sale ($1900 USD) and the Baikal Miner BK-B for Blake256R14/Blake256R8/Blake2B/Lbry/Pascal is in pay 1 get 2 sale ($2699 USD). This is a hint that there is not much demand for the two devices apparently, especially for the Cryptonight ASIC where the competition is very big and coins have already started switching to the new CryptonightV7 like Monero (XMR) leading the way that is already not mineable with these devices.

Here you can find the updated OrangePI Zero image that you need to flash on the device

16:26

Cryptocurrency Project Ravencoin Gets Back to P2P Asset Transfer Basics "IndyWatch Feed Crypto"

Cryptocurrency Project Ravencoin Gets Back to P2P Asset Transfer Basics

The cryptocurrency project Ravencoin published its first white paper on April 3, 2018. Entitled Ravencoin: A Peer to Peer Electronic System for the Creation and Transfer of Assets, the document is authored by CoinCPA founder Tron Black and Chainstone Labs founder Bruce Fenton, and seeks to offer information about the coins features which, until now, have largely been hidden from the public eye.

Ravencoin (RVN) was officially launched on January 3, 2018. Its website states that it aims to implement a use-case-specific blockchain, designed to efficiently handle one specific function: the transfer of assets from one party to another. Up until the publication of its white paper, most reading material relating to Ravencoin dealt with its ASIC-resistant hashing algorithm known as X16R.

Per the algorithms related paper, the fixed order of ordinary hashing algorithms aids in the construction of ASIC miners, but the X16R system consistently works to avoid this problem and others like it by disrupting these orders.

In correspondence with Bitcoin Magazine, Black said that RVN bears several resemblances to Bitcoin, with many of its advantages being extended to assets. In the future, he says Ravencoin will also bear features similar to Ethereums ERC20 and ERC721 contracts.

...

16:03

Crypto Markets See Green: ETH Breaks Solidly Above $400, BTC Nears $7,000 "IndyWatch Feed Crypto"

Good news from the European Commission on the importance of pan-EU Blockchain innovation sees green positives for the crypto markets. #NEWS

15:56

Large Retail Investors See an Opportunity in Bitcoin Despite Price Decline "IndyWatch Feed Crypto"

The bitcoin price has been on a decline since January, and analysts believe the mid-term correction of bitcoin was caused by the massive sell-off by Fortress and Mt. Gox trustee. Still, retail investors are seeing a good opportunity to enter the cryptocurrency market. Institutional Demand Throughout its 10-year history, bitcoin has had many major corrections. Continued

The post Large Retail Investors See an Opportunity in Bitcoin Despite Price Decline appeared first on CCN

15:47

Russian Blockchain and Cryptocurrency News Round-Up "IndyWatch Feed Crypto"

Russian Blockchain and Cryptocurrency News Round-Up

With notes from Evgeny Korolev

Here are some of the top stories from the blockchain and cryptocurrency space in Russia over the past week. 

New ICO Legislation Stresses Liquidity, Formal Registration

The Russian Ministry of Communications has introduced a bill that will regulate ICO registration and project development.

The ICO and digital token legislation specifically looks to provide protections and liquidity for investors. According to the bill, ICOs must register with the Russian government and provide proof of at least a 100 million ruble operating budget, while the Ministry of Communications and Mass Media is charged with overseeing a five-year accreditation period for each project.

Among a laundry list of other requirements, the bill states that it is the duty of the person issuing the digital tokens, [sic] to redeem the digital tokens at the nominal price (the price of placing the digital token) from any bearer of the digital token on the basis of an irrevocable public offer.

This mandate is meant to pressure ICO teams into spending proceeds on project developments, but opponents arent convinced that it will sway them to this effect. Arseniy Schelcin, director of the Russian Association of Cryptocurrencies and Blockchain, finds that the document contains vague wording that can cause conflicts as it is not synchronized with existing bills.

It is difficult to comment on this decision in any of its variations, because it is divorced from reality, he...

15:30

22 European Nations Form New Blockchain Partnership "IndyWatch Feed Crypto"

Over 20 European countries have jointly established a new blockchain group to share technical and regulatory expertise.

15:28

Paytomat: Incentivizing Transactional Usage of Cryptocurrencies "IndyWatch Feed Crypto"

The total value of US dollar banknotes and coins in circulation today is said to be around $1.59 trillion. In comparison to the worlds leading currency, the overall cryptocurrency market makes up for a quarter of the value.

These new-age digital assets have a market capitalization of about USD 400 billion, which surpasses the valuation of tech and e-commerce giant Amazon while lagging that of Apple. However, despite its size and all the media attention, the crypto-industry is plagued by a huge liquidity problem.

Bitcoin as a Transactional Medium

It has been 9 years since the Bitcoin whitepaper was released, which gave rise to other cryptocurrencies over time. However, these digital assets continue to have very limited real-life applications.

While Visa recorded a transaction volume of 150 million transactions per day, Bitcoin blockchain processed 490,644 confirmed transactions as of 14th December 2017. There are different predictions about the crypto-market development. According to the Cambridge Center for Alternative Finance 2017, there are between 2.9 million and 5.8 million unique active users or cryptocurrency wallets worldwide.

The Boston Federal Reserve states that over 75% of the cryptocurrency community members in the country used Bitcoin and other altcoins for payment over a 12-month period during 2016. This was further supported by a Coinbase/ARK Invest Report which stated that 46% of Coinbase customers use Bitcoin as a medium of transaction after having made payments at least once a year with the cryptocurrency. These studies show the increasing penetration of cryptos as payment instruments.

Incentivizing End Consumers to Pay Using Cryptos

Paytomat is a platform that incentivizes transactional usage of cryptocurrencies through a decentralized network of point-of-sale terminals. The blockchain based payment processing platform creates an ecosystem that provides traction for cryptocurrencies as emerging payment mediums. It will serve the merchants, consumers, and the core cryptocurrency teams of successful blockchain projects.

B...

15:16

New z-enemy-1.05a Closed Source Ravencoin (RVN) Nvidia GPU Miner "IndyWatch Feed Crypto"

You have probably noticed that there are a lot of miners lately for the Ravencoin (RVN) X16r mining algorithm and it is hard to keep a track of them all and also to compare the difference in performance because of the rotating algorithms. With Enemys closed source fork of ccminer being one of the fastest out there, though there are already a lot of open source alternatives available that we have already covered. There is however a new miner from Enemy z-enemy-1.05a, that is no longer forked from ccminer, though it is still closed source, it is worth checking out if you are fine whit closed source miners. The new zealot/enemy 1.05a miner for Ravencoin (RVN) currently supports only the X16r mining algorithm and has a developer fee of 1% built-in, it is available for both Windows and Linux operating systems. Te latest Enemy 1.03a and 1.04a versions are based off ccminer and they do have built-in support for the X16S mining algorithms as well, so you might want to use these for Pigeoncoin (PGN) mining if you are interested. Below you can find the latest official miners and download links for the different Enemy miners for Ravencoin (RVN) with the changes they bring as posted by Enemy. Do note that all of these miners are for Nvidia GPU mining rigs only and are based on CUDA, they will not work on AMD OpenCL hardware.

Enemy 1-03a Fixed bug shavite skip block native, +x16s, no imp.
Cuda 8.0 Linux (z-enemy-1.05a) Fix pool + min imp.
Cuda 9.1 Linux (z-enemy-1.05a) Fix pool switch + min imp.
Cuda 8.0 Windows x32 (enemy-1.04a) Fix pools switch + support 11+ card+ add support x16s (Pigeon)
...

15:15

Computer Users Face Growing Threat from Cryptojacking Report "IndyWatch Feed Crypto"

NCSC: Computer Users Face Growing Threat from Cryptojacking Report

Computer users now have one more thing to worry about: cybercriminals secretly taping into your CPU or GPU to mine cryptocurrencies. Due to an ability to access your computer via a web browser, cryptojacking is on the rise, cautioned a British government agency.

The technique of delivering cryptocurrency miners through malware has been used for several years, but it is likely in 2018-19 that one of the main threats will be a newer technique of mining cryptocurrency which exploits visitors to a website, the UKs National Cyber Security Centre

https://www.ncsc.gov.uk/

(NCSC) wrote in its annual report on April 10, 2018.

Some History

While other types of malware have to find a way to trick you into downloading software, in-browser cryptojacking malware doesnt require you to install a program. Instead, hackers infect a website or an online ad with JavaScript code that auto-executes once it loads in your browser. The cryptomining code then does its job in the background while you continue using your computer as normal. A lag in performance may be the only clue that a computer has been compromised.  

Cryptojacking took off in September 2017 when Coinhive published a JavaScript miner that could start mining the ASIC-resistant cryptocurrency Monero (XMR) after a webpage loaded. Your users run the miner directly in their browser and mine XMR for you in turn for an ad-free experience, in-game c...

15:00

Most Cryptocurrency Investment Promoters are Frauds, Says Texan Regulator "IndyWatch Feed Crypto"

Fraud is alarmingly widespread among cryptocurrency investment promoters, according to a report by the Texas State Securities Board. Texas leads the United States in cryptocurrency crackdowns. The board compiled its findings in a report, where it discovered that among 32 crypto investment promoters it had investigated during a four-week period, none were registered to sell securities. Continued

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15:00

Bithumb Exchange Promotes Offline Cryptocurrency Payments in South Korea "IndyWatch Feed Crypto"

Cryptocurrency exchange Bithumb is taking digital currencies into the real world by promoting their use in everyday activities, such as buying goods from vending machines. This week, the exchange announced its kiosks in South Korea are accepting Bitcoin Cash.

Bithumb Exchange Brings Cryptocurrencies Into The Real World

Bithumb, South Koreas largest cryptocurrency exchange with a daily trading volume of approximately $245 million, is entering the consumer goods payments market in a bid to increase adoption in the country.

In late March 2018, the exchange has partnered with mobile payment operator Korea Pays Services in an attempt to reach over 8,000 merchants across the country by the end of the year. South Korea has about 200 franchise brands willing to try payments in cryptocurrency. A pilot of the partnership is expected to be launched in June. Consumer-focused offline cryptocurrency payments is a strategy that the exchange is pursuing to fuel adoption in South Korea, especially for newcomers.

To further promote mainstream adoption of cryptocurrency payments, Bithumb has partnered with three kiosk manufacturers in February Uno Space, TROS Systems, and IYU in order to add the new means of payment. These kiosks are being delivered to small businesses that operate food and beverage franchises. The initiative is likely to gain traction as the exchange charges a rental fee that is 10% below the industry rate, which helps businesses increase profits.

The Touch B brand is a product of Bithumbs strategy of entering into the kiosk business. Under the brand, Bithumb is about to normalize the idea of paying for consumer goods in an offline setting in cryptocurrency. The entry into the kiosk business is meaningful to provide substantial benefits and low-cost rents to small business owners. We will continue to work in various industries based on the blockchain technology to provide total solutions for small businesses through our partnership, a Bithumb spokesperson told Zdnet Korea.

 

14:52

Media Hype Falsely Reports Bitcoin As Greatest Bubble In History "IndyWatch Feed Crypto"

Bitcoins price rise and fall is compared yet again to the Dutch tulip craze, resulting in an untrue claim that BTC is the greatest bubble in history. #NEWS

14:45

The Wait for Grams: Why Telegram Might Just Cancel Its Public ICO "IndyWatch Feed Crypto"

The first leaks about Telegram Open Network's "grams" token indicated a $600M public sale. Today, insiders say the public will get no sale at all.

14:27

Philippines SEC Demands Crypto Cloud Mining Contracts To Be Registered As Securities "IndyWatch Feed Crypto"

Crypto Cloud Mining Contracts defined as securities by Philippines SEC, up to 21-years imprisonment for unregistered issuance. #NEWS

14:09

Aussie Silicon Valley: Hunter Energy Partners IOT for Blockchain Hub "IndyWatch Feed Crypto"

NSWs Hunter Valley region is where wine is embedded into the culture, and now it may be transforming into a cryptocurrency mining hub, too. Australias Hunter Energy and publicly traded IOT Group have inked a partnership to develop a blockchain center at the dormant Redbank power facility, which is located a couple of hours outside of Continued

The post Aussie Silicon Valley: Hunter Energy Partners IOT for Blockchain Hub appeared first on CCN

14:00

Bitcoin Farms Choose Quebec for its Clean Energy "IndyWatch Feed Crypto"

Quebec, a predominantly French-speaking province in eastern Canada, is home to one of the largest bitcoin farms in North America owned by Bitfarms. The cryptocurrency rush is taking over, but environmentalists are increasingly concerned about the implications of bitcoin mining as the energy consumption skyrockets.

Hydro-Qubec Provides Clean Energy for Cryptocurrency Mining

The cryptocurrency boom began in 2009 and slowly spread worldwide, with most of the mining work being located in countries offering cheap electricity and little regulation, such as China, Romania, and Iceland, among others. Much as changed since then. Canada too became an interesting country to set up rigs. In 2016, Hydro-Qubec announced a plan to woo data centers. Cryptocurrency miners submitted proposals in September 2017. The overwhelming demand for energy from bitcoin miners has raised questions about how well Hydro-Qubecs grid can provide for the needs.

Bitfarms, one of North Americas largest cryptocurrency mining operations, has 7,000 mining rigs (soon to become 14,000 by July) in a once-abandoned factory in an industrial park in Saint-Hyacinthe, Quebec. This energy-intensive operation is at the very core of cryptocurrency as decentralized ledger systems rely on proof of work for their security. Youre essentially solving worthless puzzles that we cannot solve mathematically. You can only brute-force your way into it. says Christian Catalini, associate professor of technological innovation at MIT and founder of the universitys Cryptoeconomics Lab, told Technology Review.

Basically, youre placing an economic cost between a user and an attacker. If someone wants to subvert the system by faking a transaction, or revert a legitimate transaction, they would have to expend a tremendously high amount of energy and computationto the point that no rational economic actor would do that, because the cost of doing an attack would be far greater than the benefit, Catalini added.

David Malone, a specialist in mathematical modeling of network systems, estimates that bitcoin alone is consuming as much electricity as Ireland. Its current global bitcoin hash rate is of 25 million terahashes a second. Mining companies are now promoting their operations to potential investors as environmentally friendly and moving from coal-based countries such as China to cleaner forms of energy, such as hydr...

14:00

Taiwan Moves to Capture Bitcoin Under Money Laundering Laws "IndyWatch Feed Crypto"

The government of Taiwan has moved a step closer to regulating bitcoin under existing anti-money laundering (AML) rules.

13:47

Taiwan: Finance Ministry Confirms Crypto Regulation Using Existing AML Laws "IndyWatch Feed Crypto"

After confirming crypto regulation plans using AML laws, Taiwan will now consult various parties to iron out details. #NEWS

13:13

Bank of England Explores Centralized DLT System Open To Regulatory Oversight "IndyWatch Feed Crypto"

Bank of England examines DLT system open to regulatory oversight, which would maintain inter-participant privacy and keep data distributed. #NEWS

13:06

Europol Busts Cryptocurrency Drug Money Laundering Ring "IndyWatch Feed Crypto"

A joint operation between global law enforcement agencies and Europol has put an end to a criminal ring that used cryptocurrencies including bitcoin to launder drug money through a Finnish crypto exchange. The operation, dubbed Tulipan Blanca, saw authorities from Finland, Spain, the United States and Europol arrest 11 individuals related to an organized crime Continued

The post Europol Busts Cryptocurrency Drug Money Laundering Ring appeared first on CCN

13:00

Cloud Mining Contracts Are Securities, Says Philippines SEC "IndyWatch Feed Crypto"

The Philippines securities watchdog has warned that it will regulate cryptocurrency cloud mining contracts under existing securities rules.

13:00

Coinone Boss Sees Self Regulation as Key to Crypto Industry Expansion "IndyWatch Feed Crypto"

Coinone CEO wants to use his companys success to expand and secure cryptocurrency markets against ignorant regulation in South Korea.

Coinone CEO Wants to Help Korean Regulators

During the 2017 Bitcoin boom, South Korea made a name for its self as the little country with a big appetite for digital assets. The country of 50 million became one of the largest markets for Bitcoin and Ethereum last year and the cryptocurrency exchange Coinone had a lot to do with that.

Cha Myunghun, CEO of Coinone, saw his exchange grow from 20 employees at the beginning of 2017 to over 100 presently. Coinone serves 643,000 users and reached 23.4 billion Won in revenue during December 2017 according to Forbes. Cha admits that the mass popularity of Bitcoin in 2017 may not have been good for the market but it was great for his company.

Now Cha wants to ensure the healthy growth of his company and the market by expanding his services and working with other exchanges to help guide regulatory practices in the country.

Cha realized the potential of blockchain technology after reading Bitcoins white paper more than four years ago. As a white hat hacker and cybersecurity engineer, he immediately saw the opportunities in the remittance market for cryptocurrency as a cheap way to transfer money abroad.

He established Coinone in 2014 and since then has kept ahead of rival exchanges by setting strict technological standards for and making public the technological aspects of listed coins.

As the sharp rise in the cryptocurrency market in late 2017 became the steep slide of early 2018, South Korean regulators began to make extreme and often conflicting comments about what might happen with the local market. There have been rumors that cryptocurrency trading and ICOs will be banned altogether while regulators find their footing.

Speaking to Forbes Cha said he is confident that the country will not ban cryptocurrency trading, saying that;

Its inevitable for the government to be concerned with cryptocurrency. But extreme measures such as the shutdown of exchanges would be g...

12:51

The ROCATI, a Brick to Build the Future "IndyWatch Feed Crypto"

When it comes to cryptocurrencies, the economic establishment suggests prudence to people, but now a real revolution has emerged in the sector, represented by the Rocati, which has its strength in bricks, a timeless asset that has always meant security for investors

It is time for cryptocurrencies to make a real leap in quality. The ROCATI concretizes this need by distinguishing itself from other types of electronic money riding the wave of Bitcoins success: this digital currency will grow through a concrete good: bricks and mortar. Its value will be consolidated with real estate transactions, and this means that there is no risk of the kind of speculative bubble that finance experts fear with other cryptocurrencies.

From now on it will be easier to buy a house. A cryptocurrency has been born that will help young couples to buy a property and to transform old apartments into modern homes, revaluing them and reducing energy consumption. The Rocati is a currency that does not need an enormous use of electricity for its production, as is required by Bitcoin, and also through the project of restructuring houses, it helps to reduce energy waste by protecting the environment. All this is possible with this new currency, which will see its debut on the market in April. The project stems from the intuition of Emanuele Pinzi, a young graduate in engineering with a specialization in interior architecture in the United States, who has brought together the needs of ordinary people and those of the real estate market: a new form of investment that anticipates the future.

The other cryptocurrencies have a purely speculative origin and it is normal that they are perceived as a high-risk investment. The ROCATI has the function of disengaging people from the banking intermediaries that with their own behavior have proved to be an unreliable channel. This currency is a financial instrument that has within it a social soul that is useful to the community.

The real estate sector is the most important lever of the economy, and restarting it is fundamental for all countries. Creating added value in this sector is essential to deliver into the hands of citizens the security they have lost in investing their savings. The ROCATI, in addition to defending the resources of workers and retirees, also beckons to investors who want to diversify their portfolios. The dream of young couples to create a family by sidestepping all the banking bureaucracy to get a mortgage is becoming a reality. This new method will significantly affect real estate transactions, increasing the GDP of countries, and redistributing wealth i...

12:45

When it Comes to ICOs it Pays to Follow the Smart Money "IndyWatch Feed Crypto"

ICOs are maturing as an asset class. Last year the market was booming, with token sales raising about $3.9 billion, up from less than $300m in 2014-2016. This year has seen negative news flow with core cryptocurrencies prices falling and setbacks from bodies such as the SEC, Facebook and Google. But despite these headlines, ICOs have gathered even more steam, raising nearly $6 billion in the first quarter of 2018 alone.

While ICOs growth doesnt yet show signs of slowing there is a new species stalking the cryptoverse Venture Capitalists. While Silicon Valley VC firms such as Andreessen Horowitz have been in the crypto space for a few years already, their European counterparts are just now joining the fray. Firms such as Balderton Capital ($375M fund), 83North ($250M), Mangrove Capital ($170M), and Nordic VC ($110M) to name just a few.

While some original crypto community founders may dismay at the entry of suits into the sector, overall their presence is a reason to celebrate. Such VCs are highly skilled at due diligence i.e. looking under the hood of a project to see if there is any potential gremlins. In many ways the recent actions of the SEC and other regulators merely reflect the fact that its dangerous to have no experienced professional analysts around when it comes to investing. Even the most conscientious of us can sometimes fall in love with a project and miss out on some key detail that means were essentially guaranteed to lose our money. This weakness is evidenced by the fact that almost half of last years ICOs have already failed. Thus VCs are beginning to play an important signalling role if the big boys have kicked the tyres on the project and decided they want to invest their own money, then its highly unlikely the project is a scam.

The VCs are also less likely to fall for tokenization of ev...

12:31

Australia: Regulator Says Cryptocurrency Exchange License Will Strengthen Confidence "IndyWatch Feed Crypto"

Image strengthening and data sharing are first and foremost among Australias aims as it launches crypto exchange license. #NEWS

12:05

Trapped Below $7K: Is Bitcoin Prepping for a Big Breakout? "IndyWatch Feed Crypto"

Bitcoin continues to trade sideways in an increasingly tight range, but could be setting up for a major move in either direction.

12:00

Dear Blockchain Bros, I Wont Let Your Sexism Poison Our Industry "IndyWatch Feed Crypto"

Heres a foolproof guide to interacting with women who work in blockchain (because we arent going anywhere).

This story reflects the views of this author, but not necessarily the editorial position of Fast Company.

Read Full Story

12:00

OmiseGO and MakerDAO Collaborating for a Decentralized Financial Future "IndyWatch Feed Crypto"

When the common goal is the same, in this case financial decentralization, collaboration can often help to achieve it faster. MakerDAO and OmiseGO have teamed up to consolidate their roadmaps towards achieving a financial revolution.

OMG and Maker Going Forward Together

Announcements came from both teams yesterday confirming the partnership and continued efforts to work towards their common objective. Maker, a decentralized autonomous organization (DAO), offers a cryptocurrency, DAI, which is price stabilized against the US dollar in a similar way that Tether is. The Dai Stablecoin System is a decentralized platform that runs on the Ethereum blockchain, and its creators seek to minimize price volatility.

OmiseGO is a currency-agnostic decentralized exchange which will allow users the freedom to exchange and manage any digitized asset. There have already been a number of successful partnerships in Southeast Asia where the OMG team are based. By working together the two projects intend to use a stablecoin to avoid the wild price fluctuations many of the other cryptocurrencies endure.

Unlike most regular stablecoins which are centralized, Dai is decentralized with its issuance and value transparently linked to assets held in smart contracts. It provides the perfect opportunity for OMG which is striving to provide a decentralized crypto exchange.

In a blog post the OmiseGO team stated;

Were thrilled to say that Dai will be available on the OMG DEX. OMG network users will have the option to hold, send and trade against Dai from day one, gaining the benefits of a stabilized asset without having to rely on a centralized third party to guarantee its viability. With a decentralized stablecoin held on a decentralized exchange, your funds cant be lost or revoked due to a single third partys error, fraud or failure to thrive.

Maker meanwhile shared the sentiment and posted on their Medium page;

OmiseGO shares our passion for building a robust ecosystem and is in the process of developing a wallet SDK and DEX that will be vital to...

11:45

Venezuela Finally Approves Oil-Backed Crypto "IndyWatch Feed Crypto"

Venezuela Finally Approves Oil-Backed Crypto By Irina Slav  SafeHaven Venezuelas National Constituent Assembly has finally given the go-ahead to the countrys oil-backed cryptocurrency, El Petro, after initially declaring it unconstitutional. According to a statement by Vice President Tareck El Assaimi, the...

The post Venezuela Finally Approves Oil-Backed Crypto appeared first on The Daily Coin.

11:36

22 Countries Sign Declaration For European Blockchain Partnership "IndyWatch Feed Crypto"

During the European Commission Digital Day 2018 yesterday, 22 countries signed a declaration for a European Blockchain Partnership. #NEWS

11:31

Bitcoin Price Moves Closer to $7,000 as Cryptocurrency Market Posts Small Gain "IndyWatch Feed Crypto"

The bitcoin price has been relatively stable over the past 48 hours, in the $6,800 region. After a minor drop from $7,100 to $6,700, the bitcoin price has been able to sustain its resistance level, rebounding from its decline. Bitcoin to $7,000 At this juncture, a potential move to the $7,000 region for bitcoin is Continued

The post Bitcoin Price Moves Closer to $7,000 as Cryptocurrency Market Posts Small Gain appeared first on CCN

11:30

PR: Crypto with Mobile Mining App Credits.Energy ICO Is Now Live "IndyWatch Feed Crypto"

Crypto with Mobile Mining App Credits.Energy ICO Is Now LIVE

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.

CRED (CX) is a new state of the art universal cryptocurrency with its own mobile app that is dedicated to supporting renewable energy and solving the pesky issues posed by other cryptocurrencies.

Denver, CO. April 2018. A new unique cryptocurrency is set to introduce a historic chapter in the digital currency space. For the first time it will not just be about an investmentrather, its an investment with a purpose. Titled as CRED with CX as the ticker, the state-of-the-art cryptocurrency is on a futuristic mission to support GREEN energy and provides app-based mobile mining.

The launch of CRED ushers in a new era in the cryptocurrency space by enabling the investors not only to enhance their financial portfolio, but also to proactively contribute towards a greater good. The latest cryptocurrency is dedicated to advancing sustainable, eco-friendly projects like solar and wind farms as well as agricultural efforts.

It began Monday April 2nd, CRED enter the ICO stage of the project where the current PreICO price of $0.005 increased to $0.01.

Credits Cryptocurrency and its platform app will give users the opportunity to utilize mobile mining technology in order to mine CRED. Furthermore, users are able choose their mining power, such as High, Medium or Low. The Credits app boasts an intuitive interface to make sending, buying, and receiving CRED fast and simple. The purchase and usage of CRED will support renewable energy and sustainable projects, which will help promote a greener planet.

Many of the members on our team have been dealing with Bitcoin as well as with other cryptocurrencies for several years. When I was approached to join the team after hearing the details behind the coin and project, I couldnt come onboard fast enough. To be involved with a crypto...

11:00

Australia Rolls Out New Cryptocurrency Regulations "IndyWatch Feed Crypto"

A lot of things are changing in Australia. This is especially true when it comes to cryptocurrency. A new law has been introduced to bring additional regulation to this industry. Service providers need to adhere to the new guidelines introduced by the Australian Transaction Reports and Analysis Centre (AUSTRAC). It is the first time such regulations have been introduced to this industry.

AUSTRAC and Cryptocurrency

In a way, it is not surprising AUSTRAC introduced additional cryptocurrency regulations. More specifically, the institution has kept a close eye on this booming industry. Rather than try to oppose it, they seem to bring more legitimacy to cryptocurrencies. Introducing additional guidelines for providers and exchanges will help achieve that goal.

All digital currency exchanges providers need to register with AUSTRAC. This measure is quite similar to how Japans FSA approaches the cryptocurrency industry right now. Anyone not registered with the organization will be in violation of this new regulation. Additionally, companies have to meet governmental AML and CTF (anti-money laundering and counter-terrorism financing) compliance. That also includes reporting strange activity taking place on their respective platforms.

These new laws are not designed to prevent cryptocurrency from succeeding. In fact, AUSTRAC aims to achieve the completely opposite goal. They want to strengthen compliance in this industry and bring criminal activity to an end once and for all. As of right now, the connection between cryptocurrency and crime still remains rather apparent.

The Future of Bitcoin in Australia

While this is the first type of regulatory effort by AUSTRAC, it may not be the last. It is all part of an ongoing reform to help protect digital currency exchanges from money laundering. Moreover, the agency seeks to gain a better understanding of how Bitcoin and altcoins are used in Australia.

These developments come at a critical time for the industry as well. Vario...

11:00

Bank of England Eyes Private Blockchain Oversight "IndyWatch Feed Crypto"

The Bank of England is examining how to maintain data privacy over a DLT network while still allowing a regulatory window into transactions.

10:19

Indian Government Turns to Blockchain to Crackdown on Fake Drugs "IndyWatch Feed Crypto"

An influential Indian government think tank is reportedly working on a blockchain proof-of-concept (PoC) solution to crackdown on the countrys chronic counterfeit drug supply. The National Institute of Transforming India (NITI Aayog), the countrys foremost policy-making body and think tank, is looking to complete the PoC by the years end ahead of a real-world rollout Continued

The post Indian Government Turns to Blockchain to Crackdown on Fake Drugs appeared first on CCN

10:00

Filecoin Creators Launch $5 Million Crypto Grant Program "IndyWatch Feed Crypto"

Protocol Labs, the company behind Filecoin and other projects, has announced a research grant program worth $5 million initially.

10:00

Cardano Price Technical Analysis ADA/USD Approaching Breakout "IndyWatch Feed Crypto"

Key Highlights

  • ADA price is holding a major support at $0.1450 and is trading higher against the US Dollar (tethered).
  • There is a short-term breakout pattern forming with resistance near $0.1560 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is likely to extend gains above the $0.1560 and $0.1580 resistance levels in the near term.

Cardano price is gaining bullish momentum against the US Dollar and Bitcoin. ADA/USD may continue to rise and it could even break the $0.1580 resistance zone.

Cardano Price Resistance

Recently, we saw a minor downside move below $0.1500 in ADA price against the US Dollar. The price declined from $0.1660 high and tested a major support area at $0.1450 level. Buyers successfully protected further declines below $0.1450 and pushed the price back above $0.1500. There was a close above the stated $0.1500 level and the 100 hourly simple moving average.

During the upside, there was a break above the 38.2% Fib retracement level of the last drop from the $0.1660 high to $0.1443 low. However, the upside move was capped by the $0.1580 resistance area. Moreover, the 61.8% Fib retracement level of the last drop from the $0.1660 high to $0.1443 low also prevented gains. At the moment, there is a short-term breakout pattern forming with resistance near $0.1560 on the hourly chart of the ADA/USD pair. The pair may soon make the next move and trade either above $0.1560 or below $0.1520.

Cardano Price Technical Analysis ADA USD

On the upside, a break above $0.1560 could take the pair above $0.1580. The next resistance on the upside is near the last high at $0.1660. On the flip side, a break below the $0.1520 level would call for a retest of the $0.1450 support zone.

Hourly MACD The MACD for ADA/USD is currently in the bullish zone.

Hourl...

09:15

Bittrex Signups Reopen as Company Increases Focus on Corporate Sector "IndyWatch Feed Crypto"

Cryptocurrency exchanges remain incredibly popular as of right now. Despite falling Bitcoin and altcoin prices, the demand for cryptocurrency isnt slowing down. Bittrex, a very popular trading platform, recently reopened the platform for new user registrations. A very positive decision after a lengthy period of not accepting new users.

Bittrex is Open for Business

A few months ago, Bittrex made it apparent they were halting new user signups. This decision was met with a lot of understanding, although some negative responses became apparent as well. Given the increasing popularity of cryptocurrency, service providers have to keep close tabs on things. Dealing with a lot of new users also introduces a lot of new problems and concerns.

For Bittrex, it now seems all of these potential risks have been assessed properly. As a result, the company now accepts new user registrations for the foreseeable future. This is a very positive decision most people will be quite happy with. Additionally, the exchange is not just focusing on regular consumers either.

Based on the blog post, it becomes evident Bittrex wants to attract corporations as well. This applies to both supporting corporate accounts and accepting corporate applications. Companies are showing an increasing interest in cryptocurrency as of late. Catering to this new crowd is not easy by any means, but Bittrex is confident they can make a positive impact in this regard.

Various Platform Enhancements

To accommodate the influx of new users, Bittrex has made a lot of changes under the hood. The website feels a lot crisper as of right now, and the trading engine received several minor upgrades. Additionally, security improvements have been introduced as well, which is always a positive sign. CEO Bill Shihara adds the following:

Weve spent the past four years building Bittrex on the founding principles of innovation, security and responsibility. Given these principles, pausing new user signups during a period of immense trading volume was not...

09:00

Alibaba's Taobao Bars Crypto and ICOs in Policy Update "IndyWatch Feed Crypto"

Alibaba's Taobao e-commerce site has updated its list of prohibited goods and services on the platform, which now includes those related to cryptos.

08:45

Canadian Bartering Hub Bunz Launches Cryptocurrency Amid Heavy Backlash "IndyWatch Feed Crypto"

Bunz, a Canadian online bartering community, launched its own cryptocurrency on April 9, triggering backlash from critics who say the move goes against the companys ethos of promoting a cash-free economy. Bunz announced the roll-out of its BTZ cryptocurrency in a press release, saying it has partnered with more than 100 local food, beverage, and Continued

The post Canadian Bartering Hub Bunz Launches Cryptocurrency Amid Heavy Backlash appeared first on CCN

08:45

22 European Countries Sign Partnership to Create Digital Single Market "IndyWatch Feed Crypto"

European countries sign agreement on blockchain partnership creating the path for an EU wide Digital Single Market to promote the new technology.

European Commission to Create Digital Single Market

Twenty-two EU member states signed a declaration to establish a European blockchain Partnership according to the European Commission website.

The partnership is tasked with allowing member countries to share experience and expertise in the emerging technology in order to create a path for a Digital Single Market that will benefit the private and public sectors. The partnership sees its ultimate goal as that of ensuring Europe stays at the forefront of blockchain technology development and implementation.

The website describes blockchain as a technology capable of promoting trust. One that might be used to share information and record transactions in a verifiable, secure and permanent way. 

As the technology is already being utilized around the world in the financial sector the partnership looks forward to adapting it and integrating it for digital services that will benefit other commercial sectors in the coming years. The statement on the website describes how a European wide Digital Single Market created from the outset to take advantage of the collaborative characteristics inherent to blockchain and its applications will prevent fragmented approaches by single countries.

This approach should allow all members equal input to creating an enabling ecosystem that supports full compliance with EU regulations and that will encourage blockchain based services to succeed across Europe.

Blockchain Technology Will Power Public Services

Commissioner for Digital Economy and Society, Mariya Gabriel, was quoted in the statement about the creation of the partnership,

In the future, all public services will use blockchain technology. Blockchain is a great opportunity for Europe and Member States to rethink their information systems, to promote user trust and the protection of personal data, to help create new business opportunities and to establish new areas of leadership, benefiting citizens, public services and companies. The Partnership launched today enables Member States to work together with the European Commission to turn the enormous potential o...

08:30

Ripple Price Technical Analysis XRP/USD Remains Supported "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price found support near the $0.4750 level and moved higher against the US dollar.
  • There is a key bullish trend line forming with support at $0.4850 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may continue to rise towards $0.5000 as long as it is above the $0.4850 support.

Ripple price is slowly moving upwards against the US Dollar and Bitcoin. XRP/USD could gain upside momentum and it may perhaps break the $0.5000 resistance.

Ripple Price Support

Yesterday, there was a downside reaction from well above $0.5000 in Ripple price against the US Dollar. The price declined and tested the $0.4750 support, which acted as a barrier for sellers. A support base was formed above the $0.4750 level and the price started an upside move. It traded above the 23.6% Fib retracement level of the last decline from the $0.5110 high to $0.4740 low.

At the moment, the price is trading nicely above the $0.4800 level and near the 100 hourly simple moving average. However, the 50% Fib retracement level of the last decline from the $0.5110 high to $0.4740 low at $0.4925 is acting as a resistance. A break above the $0.4925 level is needed for a push above the $0.5000 barrier. Above the mentioned $0.5000, the price may continue to rise towards the $0.5100 and $0.5200 levels. On the downside, there is a key bullish trend line forming with support at $0.4850 on the hourly chart of the XRP/USD pair.

Ripple Price Technical Analysis XRP USD

The pair remains supported near the trend line at $0.4850. Below the trend line support, the $0.4750 level remains a major buy zone. The overall price action is positive as long as the price is above $0.4800.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD is slightly in the bullish zo...

08:00

Australias Blockbid Exchange Granted Cryptocurrency License by Austrac "IndyWatch Feed Crypto"

Australias Blockbid Exchange Granted Cryptocurrency License by AUSTRAC

Blockbid is now registered with the Australian Transaction Reports and Analysis Centre (Austrac). This makes it only the third company granted permission to legally operate as a cryptocurrency exchange in Australia since new regulations came about last week.

Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes

Cyber Insurance

Australias Blockbid Exchange Granted Cryptocurrency License by AUSTRACAustrac has approved an application by cryptocurrency exchange Blockbid, in accordance with the new regulatory powers given to it starting 3 Apri...

07:59

The 4th Pillar Project- The Worlds First Human Resources Identity Blockchain "IndyWatch Feed Crypto"

The pre-sale ICO of the 4th Pillar Project, the worlds first blockchain-based future hub for HR & Finance industry, is successfully going on since March 5, 2018. The crowdsale is offering 160,000,00 FOUR tokens to the participants during the period as 4th Pillar aims to change the way HR industry  works while having a positive impact on the environment.

About the 4th Pillar Project

The 4th Pillar project is a partly private and partly crowdsale contribution-funded blockchain human resources and finance connecting platform for individuals and organizations. Based on the Ethereum blockchain the platform will utilize smart contracts, wallets, and blockchain to solve day-to-day problems experienced by individuals and their employers.

The 4th Pillar platform will be a place where individuals can build a verified professional identity, their personal decentralized savings and pension fund and at the same time, organizations can optimize their finances and recruit potential employees.

How is it Built & Who Built it?

It is based on Ethereum blockchain and will utilize ETHs smart contracts, wallets, and technology to help fulfill the needs of its users. The platform has four native token types that will power all its private blockchain transactions while serving as its official form of currency during the course of its future existence.

According to its developers, everything was taken into consideration when assembling this platform and the token will belong to individuals, recruiters and organizations. For its users to secure their work history for more extended periods, the platform offers a secure digital blockchain ID, a long-term solution similar to current passports.

The platform is developed and backed by a huge team of HR experts and blockchain enthusiasts, along with having industry-renowned advisors as a part of its Advisory board, including Nikola Bubanj, Dejan Rugel, Tadej Majhen, Draen Kapusta, Jaka Meden, Brane Parazajda, and Mitja erne.

The 4th Pillar Project A Realistic Product

The core aspects of the 4th Pillar Project are:

  • They have funded, developed and tested a working 4th Pillar...

07:15

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

FOMO Moments

Crypto markets have stabilized a little over the past day or two and there is more green than red on the board during this mornings Asian trading session. Bitcoin has been flat for a couple of days and has still not recovered to the $7,000 level. It has been consolidating over the past few hours so maybe a bullish breakout is imminent. Altcoins have been recovering slightly and Ethereum has made some gains over the past 24 hours, passing $400 once again. The leading altcoin in the top 25 this morning is Ontology.

According to Coinmarketcap ONT is trading 18.5% higher today and leading the altcoin pack once again. It is the second time in a week we have featured this newcomer to the crypto sphere and this morning it is faring well trading at $4.5 up from $3.73 this time yesterday. Looking at the weekly chart ONT has performed extremely well climbing almost 90% from $2.34 this time last Wednesday. Against BTC it is up 16% on the day to 65000 satoshis from around 55000 the same time yesterday, over the week performance has been impressive with Ontology doubling its gains over Bitcoin from 32000 satoshis this time seven days ago.

Newer crypto assets usually get a healthy dose of fomo which pumps their price initially. This appears to be the case with Ontology which has performed well over the past couple of weeks, entering the top 25 altcoins by market cap. Posts on Medium and Twitter highlight a number of projects and developments planned for the month which has kept traders interested. Ontology uses a dual token ONT and ONG model and has close links to the NEO council using the NEP-5 platform. The project has been developed by Onchain, the Chinese blockchain research firm.

Binance has most of the trade in ONT at about 70% with Chinese exchange Huobi in second with around 20%. Total volume has doubled in the past 24 hours and is currently at $173 million. Ontology has surged into the top 25, moving ahead of OmiseGO and Lisk, and currently sits at 21st spot. Its market cap has just surpassed one billion dollars.

Total crypto market capitalization has increased marginally over the past 24 hours by 1.7% to $264 billion, the downward slide seems to have slowed and bearish pressure may be easing off. Other altcoins performing well in Asia this morning include Neo, VeChain, and Icon.

...

07:00

Ethereum Price Technical Analysis ETH/USD Could Accelerate Higher "IndyWatch Feed Crypto"

Key Highlights

  • ETH price found a strong support near $386 and recovered nicely against the US Dollar.
  • There is a short-term ascending channel forming with support at $412 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair may continue to move higher and it could even test the $433 high in the near term.

Ethereum price is trading nicely against the US Dollar and Bitcoin. ETH/USD is now well above $400 and is eyeing more gains towards the $430 level.

Ethereum Price Support

There was a major downside reaction yesterday below the $400 level in ETH price against the US Dollar. The price traded towards the $385 level and formed a low near $386. There was a solid buying interest noted around the $385-386 levels, resulting in an upside move. Buyers pushed the price higher and there was a break above the $400 resistance.

There was also a break above the 50% Fib retracement level of the last drop from the $433 high to $385 swing low. At the moment, the price is trading well above the $400 level and the 100 hourly simple moving average. More importantly, there is a short-term ascending channel forming with support at $412 on the hourly chart of ETH/USD. As long as the pair is following the channel and support at $410, there could be more gains towards $425 and $430.

Ethereum Price Technical Analysis ETH USD

On the other hand, if there is a downside break below $410, the price may retest the $400 support zone. The most important support now is around the $396 level and the 100 hourly SMA. The overall price structure is positive as long as the price is above $396. On the upside, a break above $430 is required for a bullish acceleration.

Hourly MACD The MACD is placed in the bullish zone.

Hourly RSI The RSI is now well above the 50 level with positive signs....

06:35

Bitcoin in Brief Wednesday: Buy the Rumor, Sell the News "IndyWatch Feed Crypto"

Bitcoin in Brief Wednesday: Buy the Rumor, Sell the News

In todays edition of Bitcoin in Brief, your daily roundup of crypto news, we take a look at the best performing coins of the last 24 hours. Can they sustain their momentum, or is it a classic case of Buy on the rumor, sell on the news?

Also read: Bitcoin in Brief Tuesday: Breakouts and Fakeouts

Verge and Ubiq Make Great Gains

A lot of crypto traders have a lot of love for ubiq, an ethereum fork that typically trades for just over a dollar. That love hasnt converted into any sort of tangible movement for monthsuntil yesterday, when the coin finally took off, climbing 73% in a matter of hours. The sudden pump is being attributed to an escher token airdrop to ubiq holders on April 30. Its easy to write off airdrops, but theyre effective at pumping coins in advance and occasionally, in the case of ontology, the airdropped token itself proves to be a hit. Its one of this years best performing cryptos, up another 24% on Tuesday, despite having been distributed to NEO holders for free.

...

06:30

UK Bank says Bitcoin Rise was Viral but Bulls Predict new Highs in 2018 "IndyWatch Feed Crypto"

A recent story in the Independent compared Bitcoins price surge in late 2017 to an infection, going on to say that its low, seemingly stagnate, value is a result of that infection being treated and will serve as the new norm.

Barclays say Bitcoin has Acted Like a Disease

The price of Bitcoin has been fluctuating around the $7000 mark, falling from a 2018 high of $11,500 in March and its all-time high of around $20,000 in December of 2017. Some experts at Barclays are warning that it might not come back up.

The Independent reported that analysts at UKs Barclays Bank created a model in order to examine the rise and fall of Bitcoins value on the market. The end result of the experiment was that the price of Bitcoin charted like a viral disease that has now been treated.

Barclays economists explained their methodology saying  We developed a theoretical model of an asset price with a pool of speculative investors and compared it with actual bitcoin price behavior to see what it might imply for the future dynamics

The conclusion of the experiment as reported by Barclays was that The model has clear parallels with compartmental models of the spread of an infectious disease in epidemiology.

From this model the analysts have extrapolated that Bitcoin will continue on the downward spiral its been on since the beginning of the year while at the same time hesitating to predict it will fall below $6,000.

Bulls Arent Buying Viral Explanation

The Independent article balances Barclays prediction by including the more bullish predictions of former COO for Skype Micheal Jackson who sees a very different future for Bitcoin.

The Independent quoted Jackson as saying that the recent price stagnation of Bitcoin will appear trivial by the end of the year. He went on to explain that,

The price has been driven by speculators and they suddenly got cold feet but theres considerable effort going on behind the scenes, including new underlying technology that is powering faster transactions,...

06:08

Bitcoin Cash Price Technical Analysis Can BCH/USD Break $660? "IndyWatch Feed Crypto"

Key Points

  • Bitcoin cash price is slowly recovering and is currently trading above $640 against the US Dollar.
  • There is a new connecting bullish trend line forming with support at $642 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair has to move above the $660 resistance to retest the $680 resistance in the near term.

Bitcoin cash price is back in a positive zone above $640 against the US Dollar. BCH/USD is now above 100 hourly SMA and looks set to break the $660 resistance.

Bitcoin Cash Price Resistance

Yesterday, there was a sharp downside correction below $640 in bitcoin cash price against the US Dollar. The price traded as low as $625 where buyers appeared. There were two attempts to break $625, but the price succeeded in overcoming selling pressure. As a result, there was an upside move and the price moved above the $640 resistance and the 100 hourly simple moving average.

Moreover, there was a break above the 38.2% Fib retracement level of the last decline from the $682 high to $625 low. At the moment, the price is placed nicely above the $640 support, but it is facing a major hurdle near $660. The mentioned $660 resistance is the 61.8% Fib retracement level of the last decline from the $682 high to $625 low. A break above the $660 resistance would open the doors for more gains in the near term. The next hurdle for buyers is near the $680 level.

Bitcoin Cash Price Technical Analysis BCH USD

On the downside, an initial support is near $645 and the 100 hourly SMA. There is also a new connecting bullish trend line forming with support at $642 on the hourly chart of the BCH/USD pair.

Looking at the technical indicators:

Hourly MACD The MACD for BCH/USD is now in the bullish zone.

...

06:00

Bitcoin Dust: What It Is and Why You Should Get Rid of It "IndyWatch Feed Crypto"

It's time to get rid of your bitcoin "dust," some developers argue. CoinDesk explains why.

06:00

Masters Degree In Cryptofinance Launched in Brazil "IndyWatch Feed Crypto"

The Economics departments of several Brazilian universities are progressively delving into cryptocurrency. The topic has gained its place in research projects and postgraduate studies. A Masters degree focused on cryptocurrencies is opening at the Brazilian higher education institution Fundao Getlio Vargas, in So Paulo, a city with a population of 12 million.

Brazil Has First Masters Degree on Cryptocurrencies

The Brazilian educational system is taking steps to prepare its students for upcoming cryptocurrency era. Fundao Getlio Vargas (FGV), a higher education institution in So Paulo, has announced the first Masters degree in Cryptofinance. The pioneer course in Brazil follows the lead of top universities in the U.S. including Duke, Cornell and Massachuttes Institute of Technology (MIT), who have started offering classes on the subject. New York University began teaching one of the first classes in 2014.

As blockchain is in very high demand worldwide, the offering comes as a natural response in the education market. FGV aims to develop new professionals capable of leading the startup ecosystem in Brazil. The course will teach their students how to create their own digital currency.

It is a market with a profound lack of people with expertise. Cryptofinance has economic and financial fundamentals that are worth discussing, researched, and taught, said Ricardo Rochman, program coordinator at FGV, who has already started offering an optional class to its students of Economics.

There is a conceptual gain of knowing both the practical applications of the technology and cryptocurrency as an alternative investment, said Michele Arajo, a 26-year old student of Economics at FGV.

In the meantime, a group of 23 students has created Blockchain Insper, an entity that aims at developing new technologies and business models within the crypto space. The group has partnered with five blockchain-based companies to obtain mentoring from professionals who will help them improve their research. We had the humility of recognizing that we cant do it on our own, said Joo Perpetuo, a 23-year old student of Economics and co-founder of Blockchain Insper.

Inspired by a similar Berkeley University initiative, the group is also giving classes and workshops on cryptocurrencies. Soon, they will be offering consultancy services to clients.

The Faculty of Economics and Administ...

05:50

Bitcoin Price Technical Analysis for 04/11/2018 Can Bulls Keep This Up? "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price has formed lower highs and higher lows to consolidate inside a triangle on its 1-hour chart.
  • Price found support at the bottom of its symmetrical triangle once more and looks ready for a test of the top.
  • Technical indicators mostly seem to be hinting at more gains ahead.

Bitcoin price bounced off the triangle bottom and could be gearing up for a test or break of the resistance.

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. However, the gap between the moving averages is narrowing to signal weakening bearish pressure and a potential return in buying momentum.

Stochastic is already on its way down to signal that bears are regaining control. In that case, another test of support could be due, especially since the 100 SMA is holding as dynamic resistance so far.

RSI, on the other hand, is moving higher to reflect the presence of bullish pressure. This could be enough to lead to a test of resistance near $7000 or perhaps even a break higher. Note that the triangle spans $6300 to $7800 so the resulting rally could be of the same height. Similarly, a break lower could lead to a drop of the same height.

Market Factors

The recent drop in bitcoin price is being pinned on the looming tax deadline, as the rush to close out positions led to a flurry of profit-taking. However, the sentiment in the industry remains mostly positive as the ban in India and Pakistan has been overshadowed by headlines of big hedge funds investing in the space.

Looking ahead, dollar demand could still play a role in bitcoin price direction as easing trade tensions between the US and China are starting to spur demand for riskier assets like cryptocurrencies. However, strong PPI has renewed focus on fundamentals leading up to the release of CPI and FOMC minutes later today.

The post...

05:33

Ledger Wallet Users Reportedly Unable To Access Bitcoin Cash Funds "IndyWatch Feed Crypto"

Ledger Wallet users have reported difficulties using BCH in transactions, while others cannot see their balances at all. #NEWS

05:30

India Bitcoin Caper: 10 Cops Busted Over Kidnapping and Extortion "IndyWatch Feed Crypto"

India Bitcoin Caper: 10 Cops Busted Over Kidnapping and Extortion

According to Indian media, eleven people were involved in a kidnapping and bitcoin extortion ring, and of the accused ten are police officers, including an Inspector. Three victims were abducted and beaten until they allegedly gave up 200 bitcoin worth over one million dollars USD.

Also read: Bitgrails $170M Hack Continues to Provide Drama

Police Arrested in India Bitcoin Extortion Conspiracy

Director of Indias Crime Investigation Department (CID), Ashish Bhatia, announced, Two policemen constables Babu Der and Vijay Vadher were arrested on Sunday. All other accused have gone underground. Efforts are on to nab them. Mr. Bhatia was referring to a scheme involving upwards of nearly a dozen police officers, including an Inspector, in a violent extortion and kidnapping plot that might have ended in 200 bitcoin (over one million dollars) being stolen.

This has become rather commonplace in India over the past few months, especially as bitcoins price began to rise. In fact, This is the second such incident in [same part of India] in the last one month. On March 11, two policemen Anisuddin Saiyed and Chintan Shah were arrested for abducting a businessman and demanding ransom from him in bitcoins. Last June, a group of six people [were] arrested on the charge of abducting and demanding ransom in bitcoins from a businessman in the northern city of Mohali. In September, police had arrested six other persons for kidnapping, beating and robbing a New Delhi businessman who had gone to meet them in order to pay for Bitcoin in cash, ...

04:30

Ledger Users Complain About Sudden Lack of Bitcoin Cash Support "IndyWatch Feed Crypto"

Users of Ledger hardware wallets have taken to popular social news forum Reddit to voice complaints about a sudden lack of functionality with Bitcoin Cash. According to reports, many Ledger owneres are struggling to transact with BCH whilst others cant even see their balance at all.

Ledgers Bitcoin Cash Users Worry About Two Day Outage

Not surprisingly, those Ledger hardware wallet users who want to store Bitcoins most popular hard fork to date are starting to freak out. Many have taken to Reddit for answers. One post to the official Ledger subreddit read:

I recently trasfered all my BTC, ETH, and LTC from coinbase to my Nano S. This all went fine. However when I tried to send my BCH, the transfer went through but the balance is still 0 on the ledger wallet. I selected Main and scan the QT Code to receive the funds. Did I do something wrong? It has been over 36 hours now.

Ledger have been rather quiet publicly about the sudden loss of service. The company has not Tweeted any updates and according to The Next Web, the CTO of Ledger, Nicolas Bacca responded to concerned Reddit users with a rather flippant:

The team is still investigating. Im not following this closely.

There was then no further update until 7:46AM today. At that time, it was initially stated that the fix was underway and full functionality would resume for BCH wallets in the coming hours. This was updated four and a half hours later with the followin...

04:24

The History of Overstock, E-commerce Bitcoin Pioneer Facing Unclear Future "IndyWatch Feed Crypto"

Overstocks CEO epic battle with mainstream economy still continues #IN_DEPTH

04:00

Bank of America: Bitcoin Bubble Is Already Popping "IndyWatch Feed Crypto"

In an analytical note, Bank of America researchers called bitcoin one of the greatest bubbles in history.

04:00

Indian Think Tank Proposes Digitizing Medicine on Blockchain to Fight Counterfeits "IndyWatch Feed Crypto"

Indian think tank the National Institution for Transforming India (NITI Aayog) is hoping to put all drugs made and consumed in the country on a blockchain in attempts to crack down on counterfeits, according to sources with NITI Aayog. Despite the fact that India has been a vocal supporter of blockchain-based technologies, the country made headlines this week after barring its state financial institutions from funding cryptocurrency-related ventures.

NITI Aayog

The move to digitize drug records on a blockchain, a NITI Aayog official said, will help the government and pharmaceutical firms curb the increasing amount of fake drugs in the country  an industry worth about Rs 15,000 crore, or $2.3 billion dollars. NITI Aayog wants to complete a proof of concept (PoC) solution by the end of the year, and begin implementation in 2019.

We are all taking those medicines and I am sure people are dying. One way to reduce that is put the entire supply chain on the blockchain, the official said. We have identified a company that will do the technology for us. Now we have to identify a partner and do the PoC on the blockchain.

The government sources involved asked for their identities to be kept hidden as theyre not authorized to speak with the media.

Though its apparent that counterfeit drugs are a big problem in India, numbers vary. Industry trade association ASSOCHAM estimates that one in five drugs are fake this taking into account both illegal copycats and fake drugs with no clinical efficacy. But According to the World Health Organization the number is smaller, with 10.5% (or about one in ten) of drugs in low and middle-income countries, including India, being substandard.

The sources explain how the initiative might work:

Every time the medicine changes hands, the unique number (generated at the manufacturing stage) is tracked. When the consumer gets the drug there is a QR code or a barcode on it you can open up an app, and you can check the entire details of where it was manufactured and all the places where it exchanged hands to travel to the shop.

Further, Once you have sold it, the code gets irrevocably audited on the blockchain that this ID has been sold, and no longer exists.

...

03:55

FSA Study Reveals 3.5 Million Cryptocurrency Traders in Japan "IndyWatch Feed Crypto"

FSA Study Reveals 3.5 Million Cryptocurrency Traders in Japan

The Japanese Financial Services Agency (FSA) has been investigating a variety of cryptocurrency trading platforms to make sure they are following Japans digital currency regulatory policy. Just recently the FSA published a report stemming from their investigations that reveals a lot of statistics about how many cryptocurrency traders reside in Japan, and other types of demographic data.

Also read: Japan Revises Registration Rules for Cryptocurrency Exchanges

3.5 Million Japanese Cryptocurrency Traders

The FSA has just published data collected from roughly seventeen domestic virtual currency exchanges after investigating these businesses for possible AML/KYC regulatory transgressions. According to the data collected from all of these exchanges, there are over 3.5 million Japanese cryptocurrency traders that use these platforms. The most popular cryptocurrencies in Japan include BTC, ETH, XRP, BCH, and LTC.

...

03:15

China And Blockchain: Most Patents And More Governmental Funds "IndyWatch Feed Crypto"

The Chinese governments positive viewpoint towards Blockchain could potentially lead to friendlier cryptocurrency regulations. #FOLLOW_UP

03:15

Noble Bitcoin to Provide Insured Cold Storage for Crypto Investors "IndyWatch Feed Crypto"

A leading provider of cryptocurrency IRAs (individual retirement accounts) believes they might have found a solution to one of the barriers stopping institutional investors taking up positions in digital currency. Noble Bitcoin announced earlier today that they are going to provide insured cold storage solutions for clients.

Is Better Storage the Key to Cryptocurrencys Success?

For many non-technical people, making an investment in cryptocurrency is a bit of a minefield. One of the largest challenges faced is the storage of the digital assets themselves. The typical advice is to use a properly created paper wallet or a purpose built hardware wallet. However, there are problems with both of these solutions. Paper wallets are notoriously difficult to set up perfectly and hardware wallets although easier to use, are not immune from security issues themselves. These problems are only amplified when it comes to making investments of tens or hundreds of millions of dollars.

Noble Bitcoin, a subsidiary of Noble Alternative Investments, believes that these difficulties are stopping high net worth individuals from taking up positions in Bitcoin and other cryptocurrencies. The solution they propose is insured cold storage.

According to news source PR Web, the company are planning on taking care of everything for their clients from the initial purchase of coins and tokens, right through to their eventual storage. Noble Alternative Investments CEO Charles Thorngren told the publication:

The current cryptocurrency exchanges and companies that make up the landscape provide no insurance, no location and often no support, this is the piece of service that is missing in the financial services aspect of cryptocurrencies.

The digital assets that Noble Bitcoin are offering to store are all those that they accept for individual retirement accounts. These include Bitcoin, Ethereum, Litecoin, and Ripple. Theyll be stored in cold storage in the IDS-Texas depository and benefit from insurance should a security compromise occur. The depository is a high tech, ultra-secure facility, with various measures in place to help protect the assets stored there. At present, precious metals such as gold, silver, and platinum are already kept safe at the lo...

02:50

Financial Stability Board of Chile Says Cryptocurrencies Are No Threat "IndyWatch Feed Crypto"

The Financial Stability Board (CEF) of Chile, an association that is coordinated by the Ministry of Finance and was created in 2011 to ensure the integrity and soundness of the financial system, has concluded that cryptocurrencies do not pose a threat to the economy.

Chiles Financial Stability Board Says Cryptocurrencies Are No Threat to The Economy

The rapid growth of the bitcoin ecosystem in Chile and overseas has raised concerns over risks on the local financial system. The Financial Stability Board (CEF) was called to examine what kind of risk is the economy taking by allowing the cryptocurrency market to grow and develop. The innovative sector has been under attack from the banking industry, as several banks have closed accounts linked to exchange houses as they allegedly had instructions not to open an account to anyone related to cryptocurrencies.

The report provided by CEF says that the digital assets do not pose any threat to the financial stability of the Chilean market, but investors of this asset class are incurring in very high risks because of its high volatility. The document goes on to say that investors in cryptocurrencies are also vulnerable to scams and hacking. Additionally, the Commission considers that not being backed by traditional assets or central banks is also a risk. That, however, is a matter of dispute among many enthusiasts.

The institution added that cryptocurrency exchanges must comply with current regulations on financial assets in cases that are applicable, emphasizing the laws that prevent tax crimes, money laundering, and financial terrorism. Digital currency trading companies have been complaining of unfair regulation in Chile.

The blockchain technology garners more consensus among government authorities. The CEF assured that this technology can contribute to the efficiency of the markets and increase competition. Similarly, the President of the Central Bank of Chile, Mario Marcel, said that the institution does not have powers to regulate cryptocurrencies and that he hopes the current regulatory framework becomes insufficient and more legislation is needed.

The tension between the banking and the cryptocurrency sector remains. While the Financial Stability Board concluded that digital assets are no threat to the economy, they may be seen as a threat to the traditional institutions. The adoption of...

02:15

Ledger Wallet Users Unable to Access BCH Accounts for Over 24 Hours "IndyWatch Feed Crypto"

Ledger Wallet Users Unable to Access BCH Accounts for Over 24-Hours

According to reports, bitcoin cash users are frustrated with the Ledger hardware wallet as users have complained they cannot access their accounts. The firms chief technical officer, Nicolas Bacca, explained on Reddit forums that the team was still investigating the matter.

Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes

Ledger Wallet BCH Accounts Have Been Unavailable 

Ledger Wallet Users Unable to Access BCH Accounts for Over 24-HoursRecently on the Reddit forum /r/ledgerwallet, a user complained about bitcoin cash (BCH) accounts being down for well over twenty hours. At the moment the issue is still unresolved as of April 10, 2018, 6:17 PM UTC as the company says a data transfer is now 81 percent complete and the ETA for the end of the transfer is unchanged. ...

02:06

UK National Cyber Security Centre Includes Cryptojacking In Report On Cyber Threats "IndyWatch Feed Crypto"

UK National Cyber Security Centre released a report on cyber threats, analyzing their impact on businesses, with a section dedicated to cryptojacking. #NEWS

02:00

Gemini to Launch Block Trading Service for Bitcoin and Ether "IndyWatch Feed Crypto"

Digital currency exchange Gemini has announced that it will be launching its Gemini Block Trading for bitcoin and ether this week.

Block trading, also known as a block order, is an order or trade submitted for the sale or purchase of a large number of securities. This involves a large number of equities or bonds that are traded at an arranged price between two parties involved. This is a common approach that is often taken by hedge funds and institutional investors within the stock market who want to avoid differing prices in the open market.

Now, in a blog post from the exchange, which is run by Cameron and Tyler Winklevoss, it said that customers will be able to buy and sell large quantities of digital assets outside of Geminis order books, creating an additional mechanism to source liquidity when trading in greater size.

Due to go live at 9:30 a.m. ET on Thursday 12 April, the Gemini Block Trading service will electronically broadcast block orders to participating market makers simultaneously, ensuring best execution and price discovery for those taking part in the program, the exchange said.

Block orders do not interact with our continuous or auction order books. Trade information will be published via our market data feeds ten minutes following the execution of a block trade, Gemini added.

According to the blog post, a customer can place a block order that specifies buy or sell, quantity, minimum required fill quantity, and a price limit, or Indication of Interest. It goes on to add that a market maker will only receive quantity, minimum quantity, and the collar price; they dont receive any other information related to the block order.

If a market maker agrees to make a market that satisfies the Indication of Interest, the block order will be filled, it adds.

Block trading services are already making themselves known around the world as markets meet the demand from institutional buyers and hedge funds, and function similarly to over-the-counter (OTC) digital currency trades. According to a report from Reuters, the OTC cryptocurrency market is flourishing with Goldman Sachs-backed bitcoin payments firm Circle handling up to $4 billion in OTC trades every month ov...

01:35

Japan Has Over 3.5 Million Cryptocurrency Investors "IndyWatch Feed Crypto"

Japan, the leading country in digital currency adoption, has over 3.5 million cryptocurrency investors, according to a preliminary report by the countrys Financial Services Agency on Tuesday.

Japan Has Over 3.5 Million Cryptocurrency Investors, Says FSA

The Financial Services Agency (FSA), Japans financial watchdog, has published a report that gathered data from the 17 leading cryptocurrency exchanges in Japan and found that over 3.5 million people, close to 2.8% of its population, is investing in the emerging asset class. The agency added the number may be much higher since it is only counting with data provided by 17 out of a total of 32 companies operating in Japan. There are at least 100 more waiting on registration from Japans Financial Services Agency (FSA).

The regulatory body has also found the total volume of cryptocurrency trading was almost 5000 times higher in 2017 from 2014. The 2.35 billion yen traded in 2014 has given way to 10.3 trillion yen ($97 billion) during fiscal year 2017, which began on April 1, 2016 and ended on March 31, 2017. According to the website Cryptocompare, Japan is the no.1 country in this asset class. The countrys fiat money, JPY, accounts for 62 percent of the money invested in bitcoin worldwide.

The popularity of cryptocurrencies in Japan is creating a shortage of coders and engineers with the experience and ability that its ever-growing market demands. Salaries have risen 20-3o percent from the previous year with the base salary of a new coder now topping $100,000. As cryptocurrency makes inroads in the real world, the bitcoin market has seen Bic Camera, Capsule hotels, and Peach airlines integrate BTC payments in Japan....

01:20

Poles Protest Unfair Taxation of Crypto Incomes and Profits "IndyWatch Feed Crypto"

Poles Protest Unfair Taxation of Crypto Incomes and Profits

A decision by the Polish government to tax crypto transactions, even those that do not return profit, has provoked discontent among traders in the country. The local crypto community has decided to protest against the official stance of the Finance Ministry with an online petition which is gathering support. Taxes on crypto-related income in Poland can reach 32%. Each purchase and sale will be taxed as a transfer of property rights, regardless of the end result for the parties.

Also read: 0 to 50% Time to Pay Crypto Taxes in the European Union

The State Wants a Third of Crypto Incomes over 20,000

The Finance Ministry of Poland has recently published its official position on the taxation of cryptocurrency incomes and profits. The tax returns of Polish citizens should contain information about revenues from trade and exchange for cryptocurrencies like bitcoin, litecoin or ether, the department said.

...

01:18

Vietnam: Startup Modern Tech Goes Dark After Taking $660 Million From Investors in Two ICOs "IndyWatch Feed Crypto"

Ho Chi Minh City-based startup Modern Tech has gone dark after duping 32,000 people of an estimated VND 15 trillion ($660 million) in relation to two fake cryptocurrency projects and their initial coin offerings (ICOs).

On Sunday, dozens of disgruntled investors gathered in front of Modern Techs headquarters in the business district of Ho Chi Minh City carrying signs denouncing the companys fraudulent activities and demanding refunds, reports local news outlet Tuoi Tre News.

The owner of the Vietnamreal building where the startup was headquartered told reporters that the company had cleared out its office about a month prior to the events.

Modern Tech had claimed to be the authorized Vietnamese representative of two cryptocurrencies, Ifan and Pincoin, and was responsible for conducting two ICOs on their behalf. The team, which was made up of seven Vietnamese nationals, held conferences in Hanoi, Ho Chi Minh City, and even remote areas to lure investors to their operation.

Ifan and Pincoin

Ifan which Modern Tech claimed was created under Singaporean laws was marketed as the most advanced social network for celebrities and artists, enabling them to better connect with their fans. Its native token was intended to be used for album downloads, live performances, ticket purchases, as well as merchandises and endorsements.

Pincoin a project initiated in Dubai was marketed simply as an investment opportunity promising up to 40% in monthly profit. It claimed to be overseen by the so-called PIN Foundation. Investors were told that the tokens they receive would see their value skyrocket once they hit the secondary market. Modern Tech also promised an 8% commission for every new member introduced.

Investors first began to grow suspicious when the startup stopped paying commissions in fiat currency, but digital coins. Because of this, investors could see the value of their investment rise on a daily basis, but were unable to actually withdraw anything in cash. They took to social media to lamen...

01:11

Blockchain Trading Network Promises Low Fees And Instant Trades On Financial Assets "IndyWatch Feed Crypto"

A new Blockchain trading network wants to end the dominance of big banks by allowing investors to trade any financial asset within seconds. #SPONSORED

00:47

Spanish Authorities Arrest 11 In Crypto Money Laundering Ring "IndyWatch Feed Crypto"

The Spanish Guardia Civil arrested 11 individuals suspected of laundering EUR 8 mln using a Finnish crypto exchange. #NEWS

Tuesday, 10 April

23:45

Rockefellers Go Long On Cryptocurrencies to Invest in Blockchain Startups "IndyWatch Feed Crypto"

The Rockefeller familys venture-capital arm is moving into cryptocurrencies. Venrock (Venture plus Rockefellers) is partnering with the cryptocurrency investor group, CoinFund, to help entrepreneurs launch blockchain-based businesses. We wanted to partner with this team that has been making investments and actually helping to architect a number of different crypto economies and crypto token-based projects, Venrock Continued

The post Rockefellers Go Long On Cryptocurrencies to Invest in Blockchain Startups appeared first on CCN

23:35

Twitters ICO Adpocalypse May Not Kill off Bitcoin "IndyWatch Feed Crypto"

The news of Twitters Initial Coin Offering (ICO) ad ban has, in some critics opinions, put yet another nail in the cryptocurrencys coffin. With the market as a whole taking a dip, the leading currency has taken the full force of the blow. At the close of March 2018, the price of a single bitcoin fell to $8,000 (now under $7000) and many now believe BTC fever is not only over but will never return again. However, for others, the latest dip is yet another bump in a road that still has an upward trajectory. Talking to CNBC back in January 2018, CEO of Shopin Eran Eyal described the current regulatory moves by world governments as taking a knee and assessing what these governments have got in front of them. Considering bitcoins overall growth, from a token worth less than $0.01 when it launched in 2009 to 2017s $20,000 high, Eyal is bullish on the future of bitcoin.

Traders Are Still Backing Bitcoin

While government ministers are currently weighing up their positions on cryptocurrencies, the financial industry has thrown its support behind bitcoin and its closest peers. Bitcoin futures may have caused some consternation among the largest banks, but theyre now on the trading schedules of the many of the top investment players. Trickling down, novice investors can also use online forex platforms to trade the currency. By using automated algorithmic trading strategies, desktop and mobile users can preset protocols to execute trades without human intervention. Whats interesting about using algorithms to trade bitcoin is that it removes emotion from the process. In 2017, FOMO (fear of missing out) clearly drove up the price as newbies raced to jump on board the hype. Now that the hype train is out of sight, negative emotions have taken hold and that, in part, is pushing down the price as people exit the market.

Trading algorithms could help negate these negative emotions which, in turn, could reverse the cryptocurrencys current downward trend. Of course, more people trading bitcoin in a more efficient way can only do so much to prevent another crash. The thing that will have the most direct impact on the price of bitcoin in the coming months and years is users. While governments and the financial industry may have an overarching hold on the cryptocurrency world, real people have the power to effect immediate change. To this end, the fact were still seeing companies embrace BTC as a payment method in encouraging. As the cryptocurrencys price fell towards $8,000 at the close of March 2018, Japanese car dealership LOpe...

23:30

Bitfinex Denies Money Laundering Claims After 'Internal Investigation' "IndyWatch Feed Crypto"

Bitfinex is pushing back against reports that Polish authorities froze $400 million of its funds.

23:16

NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 11, 2018 "IndyWatch Feed Crypto"

NEO is up 4.61% and if this rate of revival continues, sooner or later NEO prices would be testing $90 if not $110. In my view, its time to buy NEO considering recent events. Otherwise, we can shift our attention to EOS which is also expanding and to some degree Litecoin as it continue to on-board merchants.

Lets have a look at these charts:

XLM/USD (Stellar Lumens)

Stellar Lumens Technical Analysis

XLMUSD 4HR Chart from Bittrex for April 11, 2018

Not only is Stellar Lumens price action slow, it is also boring. Over the last 2-3 weeks, we have been predominantly focusing on what ifs and probabilities of prices edging past the main resistance trend line in the 4HR chart and $0.22 in the daily chart.

In my view, it will remain so even though cryptocurrencies seems to be waking up from their deep December slump. Based on price set ups in the 4HR chart, I remain net bearish despite yesterdays 2.15% gain.

However, if prices burst through the resistance trend line and $0.22 or this weeks highs, then I will buy and target $0.30 in the short term.

IOT/USD (IOTA)

IOTA Technical Analysis

IOTUSD 4HR Chart from BitFinex for April 11, 2018

Apparently, IOTA is on a recruitment drive and with new talents, prices are finding support. A single glance in the 4HR chart and its no secret that IOTA buyers are likely to reverse some of their earlier losses.

Why Im I positive about this? First, notice that IOTA is reacting at $1, a round number and an obvious interest integer for traders. Secondly, besides increasing momentum, IOTA buyers are picking up and trading a within a minor bullish break out pattern in the 4HR chart.

...

23:15

Metal-Backed Cryptocurrency to add PGP Founder as Advisor "IndyWatch Feed Crypto"

Tiberius Coin, a cryptocurrency backed by real metals which Ive written about in the past here made a major announcement this week. The group will be adding Pretty Good Privacy (PGP) and Silent Circle founder Phillip Zimmerman as an Executive Director/CSSO and major shareholder. Phillip Zimmerman is the creator of the first large-scale public key cryptography system. Continued

The post Metal-Backed Cryptocurrency to add PGP Founder as Advisor appeared first on CCN

22:38

US DOJ Accuses Listings Site Backpage Of Laundering Millions In Crypto "IndyWatch Feed Crypto"

Backpage indicted on 93 counts, including laundering $500+ mln in prostitution-related revenue, via crypto and other routes. #NEWS

22:20

Bear Market 'Largely Over,' Crypto Fund Manager Claims "IndyWatch Feed Crypto"

Cryptocurrency fund manager Timothy Enneking believes all factors impacting the market have been priced in, and it should soon rebound.

21:27

How I Proved Bitcoin = Time + Financial Freedom "IndyWatch Feed Crypto"

Plunged into the wilderness of intense fear, uncertainty and doubt (FUD), in Jan 2017 I knew not where my future income was to come from. I had just left a full time position with my personal mentor, healer and psychic Sidra Jafri and her School of Awakening to begin the next step in my journey to become an entrepreneur.

 

Despite almost drowning in the overwhelming waves of FUD, Sidras often said words kept repeating in my head about the importance of developing multiple streams of income. I latched onto these keywords as a lifeline. I took the lifeline further. Did you know you can earn money while you sleep, when you are ill, while visiting family and friends or engaging in your favourite passion projects? Developing multiple streams of passive income became my intense focus.

 

Why develop multiple streams of passive income?

Because if one income stream dried up for whatever reason I would have others generating regular passive income while I am away on holiday, visiting family, ill, performing voluntary work, etc. Passive income is so underrated and misunderstood! The end goal for such an ambitious thought? I wanted to retire permanently from full time work and free up my time long term to focus more on my important voluntary work for the late yoga master Dr. George King (1919-1997) and ...

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