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Tuesday, 14 August

00:49

Saudi Regulators Warn Against Trading Cryptocurrencies, Citing High Market Risks "IndyWatch Feed Crypto"

The Saudi government has issued a warning that dealing in digital currencies is prohibited in the Kingdom, citing high risks and negative consequences

00:43

Ethereum Price Intraday Analysis: ETHUSD Drops to Yearly Lows "IndyWatch Feed Crypto"

The ethereum price  fell over 10 percent against the US Dollar at the start of this week, establishing fresh lows of 2018. The ETH/USD pair has been on a downward trend all this year, much like the other top coins including bitcoin, ripple, and litecoin. At the time of this writing, the pair has experienced

The post Ethereum Price Intraday Analysis: ETHUSD Drops to Yearly Lows appeared first on CCN

00:29

Spanish Left-Wing Political Coalition Proposes Subcommittee to Study Blockchain, Crypto "IndyWatch Feed Crypto"

Spanish left-wing political alliance Unidos Podemos has proposed an initiative to explore the benefits of blockchain and regulate crypto

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Monday, 13 August

23:50

Silk Road Questions Unanswered as Ulbricht Gathers 60K Clemency Signatures "IndyWatch Feed Crypto"

Silk Road Questions Unanswered As Ulbricht Gathers 60K Clemency Signatures

Ross Ulbricht was sentenced to life in prison back in 2015 for operating the Silk Road marketplace but many people believe he should be set free. The Ulbricht family, aided by his new Twitter account @RealRossU, has managed to gather close to 60,000 signatures in a petition for his clemency. Meanwhile, many questions surrounding the governments Silk Road investigation and the sale of Ulbrichts bitcoins.

Also read: Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

The Many Unanswered Silk Road Questions Suppressed by the US Government

Ross Ulbricht is serving a life prison sentence for operating the illicit drug marketplace called the Silk Road (SR). Many people believe the entire Ulbricht investigation was an abomination of justice as there are many instances of law enforcement manipulation and government cover-ups throughout the SR investigation and Ulbrichts trial. Moreover, the family has explained many times that much of the details surrounding the SR investigation and the governments evidence remains a secret. One example is the public auctions of seized bitcoins back in 2014 that allegedly were taken from Ulbrichts laptop. Most of the results of the auctions are unknown except for the statements stemming from some of the winners like Tim Draper. Only the auction winners were notified by the US Marshals and the public has no idea about the exact specifics of the auctions, except for what they were told by the media.

...

23:50

Communist Party of China Releases Primer on Blockchain Technology "IndyWatch Feed Crypto"

The Communist Party of China has released a book explaining the key features and use applications of blockchain technology

23:45

Saudi Arabian Regulators Reiterate Ban on Cryptocurrency Trading "IndyWatch Feed Crypto"

A joint committee of Saudi Arabias regulatory bodies has issued a statement on cryptocurrency trading. The move hopes to protect local investors from the high risks associated with digital asset markets.

Trading Venues Falsely Advertise as Being Regulated by Saudi Arabia

The news broke via a statement posted to the Saudi Arabian Monetary Authoritys website yesterday. It claims that virtual currencies posed high risks on traders, as well as other unmentioned negative consequences.

According to the statement, the lack of government supervision is behind the threats posed to those involved in trading currencies such as Bitcoin and Ether.

The post goes on to state that virtual currencies are illegal in the kingdom, before offering a reminder that there are no groups, companies, or individuals exempt from such a ban by way of licensing.

The speculative nature of cryptocurrency investments was also touched upon by the committees post:

The committee warns all citizens and residents about drifting after such illusion and get-rich scheme due to the high regulatory, security and market risks involved, not to mention signing of fictitious contracts and the transfer of funds to unknown recipients/entities/parties.

The committee behind yesterdays statement comprises of members of the nations Capital Market Authority (CMA), Ministry of Interior, Ministry of Media, Ministry of Commerce and Investment, and the Saudi Arabian Monetary Authority (SAMA).

The group was formed by a supreme decree to investigate the risks associated with both virtual currency and foreign exchange trading. They are also responsible for clamping down on the marketing of platforms that facilitate such practices within the Saudi borders.

Curiously, despite the statement from the joint committee, there are still venues allowing Saudi Arabian traders to buy and sell digital currencies. Arabian Business claims that many of these platforms have been offering services whilst claiming that they had been authorised by domestic authorities. In light of yesterdays release, their claims are evidently untrue....

23:41

Bitmain is Hodling Nearly $600 Million in Bitcoin Cash "IndyWatch Feed Crypto"

When Bitmain announced last year that it was throwing its weight behind bitcoin cash ahead of the latters decision to pursue a divorce from the main BTC network due to irreconcilable differences over blockchain scaling, the cryptocurrency mining giant put its money where CEO Jihan Wus mouth was. Leaked documents from Bitmains pre-IPO investor deck

The post Bitmain is Hodling Nearly $600 Million in Bitcoin Cash appeared first on CCN

23:41

Coinbase Index Fund Reduces Annual Fee to Attract Institutional Investors "IndyWatch Feed Crypto"

U.S. crypto giant Coinbase has announced it will add ETC to its Index Fund and reduce the Funds annual fee to attract investors

23:04

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 13 "IndyWatch Feed Crypto"

Amidst a national currency crisis in Turkey, crypto trading volumes on local exchanges are skyrocketing - will there be an effect on the prices? Lets see the charts

22:39

Bitcoin Price Intraday Analysis: BTCUSD Hinting Another Bear Flagpole "IndyWatch Feed Crypto"

The short-term gains can never compensate for the long-term losses. So it seems from the latest Bitcoin price action which, during the weekend, jumped more than 7.5% and promised an extended breakout, but fell short of delivering it. This Monday started with minor pullbacks from the early 6550-fiat level during the Asian trading session. However,

The post Bitcoin Price Intraday Analysis: BTCUSD Hinting Another Bear Flagpole appeared first on CCN

22:37

Ethereum Crashes to 9-Month Price Low Below $300, While Bitcoin Shows Resilience "IndyWatch Feed Crypto"

Ethereums price is plummeting at press time, dropping 10% today to below $300 amid a wider bearish market, although Bitcoin is holding its recent gains

22:30

What is Pushing Crypto and Bitcoin to Plunge to Yearly Lows? "IndyWatch Feed Crypto"

The total combined market capitalisation of cryptocurrencies continues to fall to new yearly lows despite ongoing improvements to the fundamentals of the space.

What could be driving the prices of Bitcoin and other digital assets down in such a way?

Fundamentals Never Looked Better

From a fundamental perspective, the cryptocurrency space has never looked better.

Increased institutional options by the likes of Circle, Coinbase, and Blockchain, and the ICE recently announcing intentions to form the Bakkt platform with the likes of Starbucks and Microsoft by November 2018, are clearly positive developments. In fact, many in the cryptocurrency space were surprised that the latter project had not translated into a substantial price move to the upside.

That said, the overall market is still tanking. The likes of Ethereum, EOS, TRON, IOTA, and NEO are the worst hit of the top 15 projects. Theyve seen 24-hour drops of between 9 and 11.5% according to CoinMarketCap. Evidently market sentiment is not where it needs to be to see a reversal of the 2018 crypto bear market just yet.

ETF Delays

One potential cause of the continued lack of positive sentiment is the decision by the U.S. Securities and Exchange Commission (SEC) to delay the most-anticipated of the many Bitcoin ETF proposals it has received this year.

The VanEck/SolidX application is thought by many to be the first ETF to receive approval. However, last week the regulators announced that they would be delaying their decision until September at the earliest. Leading up to the date of the delay, the overall market capitalisation of the industry was above $256 billion. However, since August 7, the overall figure has reduced by around $50 billion.

...

21:50

Binance Denies 400 BTC Listing Quote; Accuser Responds You are a F***king Liar "IndyWatch Feed Crypto"

Binance Denies 400 BTC Listing Quote; Accuser Responds, You are a F***king Liar

News.Bitcoin.com feature Cryptowhispers reported on what has turned from rumor to an all-out verbal war between two well-known figures in the cryptoverse. It began last week when Christopher Franko, co-founder of the Expanse project, took to Twitter and accused popular exchange Binance of quoting 400 bitcoin to list a token. The exchanges head, Changpeng Zhao, has since responded rather personally to Mr. Franko, and, well, all hell has broken out. Get some popcorn.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Binance Slams Expanse Co-Founder for Listing Quote Claim

We dont list shitcoins even if they pay 400 or 4,000 BTC, the face of Binance, Changpeng Zhao, came out swinging on Twitter. He was responding to a string of tweets by Expanse co-founder Christopher Franko, who insisted Binance quoted him by email a price of 400 bitcoin core (BTC) to list his token.

...

21:40

Nvidia to Profit in Q3 2018 Despite Crypto Mining Decline "IndyWatch Feed Crypto"

While crypto mining is experiencing a slowdown due to Bitcoin and other cryptocurrencies yielding lower mining profits worldwide recently, tech giant Nvidia Corp. is still expected to generate healthy revenue in Q3 of 2018. The tech company is seeing strong sales in its staple market, gaming, with graphics processing units still flying off the shelves

The post Nvidia to Profit in Q3 2018 Despite Crypto Mining Decline appeared first on CCN

21:30

Winklevoss Twins Continue Moving Forward Despite SEC Bitcoin ETF Decision "IndyWatch Feed Crypto"

Cameron and Tyler Winklevoss are working relentlessly to grow their cryptocurrency exchange Gemini despite the U.S. Securities and Exchange Commissions (SEC) decision to reject their proposed Bitcoin ETF for the second time in late July.

The brothers have taken a few hits in 2018 so far, including dwindling trading volume on their Gemini exchange and declining prices for their cryptocurrency holdings. However, the SEC decision to deny their controversial ETF application is arguably the worst blow theyve suffered thus far. The decision, which negatively impacted the markets, held a significant amount of stock for the exchange, as an approval would have proven to be tremendously profitable for Gemini and the brothers.

Winklevoss Twins Acknowledge That Wall Street is Slow to Enter the Cryptocurrency Markets

Regardless of having a rough year, the twins are continuing to work hard to progress their exchange through a variety of new programs. While speaking to Bloomberg, the twins discussed Wall Streets hesitation to participate in the cryptocurrency markets, saying:

Wall Street is taking cryptocurrencies seriously, however, the vast majority of Wall Street firms are still not participating in the cryptocurrency market, which remains primarily a retail driven market. This will change over time, but it will take time.

Lack of regulatory clarity and solid investment onramps is partly to blame for the lack of institutional money entering the crypto markets. The approval of a Bitcoin ETF would aid the markets in that it would provide an easy, safe, and liquid way for groups to invest in Bitcoin.

Following the denial of the Winklevoss Gemini Bitcoin ETF, the markets tanked even though many familiar with the Winklevoss ETF felt that it wasnt the best ETF in the running for approval. This was due to a variety of factors, including the fact that it based its pricing on Geminis prices rather than those of the aggregated markets.

Now, hopes for an ETF approval are resting on the CBoE VanEck-SolidX, which is seen by many as the ideal investme...

21:17

Marvel Weighs Legal Move Against Crypto Startups Wacoinda Plans "IndyWatch Feed Crypto"

Marvel isnt yet sure if itll oppose a cryptocurrency startup playing the name of the fictional nation of Wakanda from the black panther movie. A comic book giants subsidiary, Marvel Characters, registered for extensions with the U.S. Office of Patents and Trademarks to Receive additional time before deciding whether itll oppose the Wakanda Wine Fest along with Wacoinda trademark submissions. Those trademarks were registered by a firm named Wilsondom Limited liability company, which wants to establish fiscal and instructional services around cryptocurrencies, based on legal info website Justia. Particularly, the Wacoinda trademark, if accepted, could be implemented to financial education and financial empowerment initiatives aimed toward the African American neighborhood.

The Wacoinda trademark was registered in Feb, but Marvel Characters petition for an extension came only a week ago, public documents show. The company now has until Nov 14 to determine if it wants to oppose the trademark. The extension doesnt automatically means that Marvel will oppose the signature, nevertheless respond to request for comment by press time. Marvel Characters didnt respond to request for comment by press time. Wacoinda wasnt the first cryptocurrency connected in June, African singer Akon declared the introduction of the cryptocurrency Akoin and a plan to construct a real life Wakanda existence in June, African singer Akon announced the creation of the cryptocurrency Akoin and a plan to build a real life Wakanda.

As previously mentioned, the city is already being constructed Black Panther picture via Shutterstock. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Justia
public documents reveal
announced
Black Panther
strict set of editorial policies

21:16

Below $300: Ether Price Hits New Low for 2018 "IndyWatch Feed Crypto"

Ether, the worlds second largest cryptocurrency by market capitalization, dropped To its lowest cost of 2018 on Monday. At 16: 50 UTC through Mondays trading session, the cryptocurrency dropped below $300 dollars for the very first time since Nov 12, 2017, based on CoinDesks Ethereum Price Index. ETH was last seen trading at an average cost of $289.16, signaling a roughly 9.6 percent decrease since the days open. At press time, ETH is the largest loser among the top 10 cryptocurrencies by market capitalization and is currently reporting a 7 day reduction of 28.33%, based on data from CoinMarketCap. Its individual market capitalization is also dropped by over $10 billion within this period.

ETH has now efficiently erased 100% of its year-on year growth and is down 78% from its all time high of $1, 337. According to CoinDesk price information, ether was trading at $289.96 just one year ago. Crypto-currency is one of a number of programs to see diminishing values throughout the Monday session. Well known cryptos such as EOS, bitcoin money and cardano have seen 24 hour losses in excess of 5%. The total market capitalization of all cryptocurrencies is down almost $15 billion from its everyday high of $219.4 billion and is presently sitting in Just over $205 billion, CoinMarketCap statistics shows.

Disclosure: The writer holds BTC, AST, REQ, OMG, FUEL, first, and AMP in the time of writing. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. This article is intended as news item to notify our readers of different events and developments that affect, or which could in the future affect, the value of the cryptocurrency described above. The info contained herein isnt meant to provide, and it doesnt provide, adequate info to form the basis of an investment decision, and you shouldnt rely on this info for this purpose. The info presented herein is accurate only as of its date, and it wasnt ready by a research analyst or other investment professional. You need to seek additional info regarding the merits and risks of investing in any cryptocurrency before opting to buy or sell any instruments. Combine 10, 000+ traders that come to us to be their eyes on the graphs, supplying all that is hot and not at the crypto markets.

Sources:
coindesk.com
Disclosure
strict set of...

20:39

Facebook: Were Not Building a Cryptocurrency on Stellar "IndyWatch Feed Crypto"

Social media conglomerate Facebook denied reports that its blockchain task force is considering launching a cryptocurrency project through a partnership with Stellar. Citing a Facebook spokesperson, financial news outlet Cheddar reports that the company will not be building on the Stellar protocol, nor has its cryptocurrency division held discussions with the project about forking Stellar

The post Facebook: Were Not Building a Cryptocurrency on Stellar appeared first on CCN

20:13

Unibright: The Bridge to Integrating Blockchain "IndyWatch Feed Crypto"

Blockchain has proven to be a hard concept for many who are looking to incorporate it into their system. Being the new technology in town, Blockchain applications are in high demand all across the globe. To help companies easily integrate blockchain into their systems, Unibright has created a working framework that is easier to use. Unibrights 20+ years of experience have helped them acknowledge the problems faced by companies when adopting the technology.

Unibrights framework can be used by anyone, be it tech giants, consulting companies, enterprises and blockchain companies or even small and medium enterprises. The platform has connected different institutions by co-hosting public events with Microsoft, Zuhlke, and Lufthansa. They have also partnered with blockchain protocols like NEM to help companies have an easy time integrating blockchain.

Easy Blockchain Solution Implementation

According to reports, Unibrights framework makes it easier for companies and people with no coding experience to integrate blockchain into their operations with just a click of the button. Companies with no skills in blockchain or its technologies can exploit the different benefits of blockchain like transparency, security and easy accessibility. With its feature-rich options, Unibright has aimed to become the bridge between companies and blockchain after realizing that companies despite wanting to use the blockchain technology are finding it hard to incorporate it into their operations.

Reports indicate that most companies prefer using the already existing IT system. For many, change is not always easy, especially when you have to learn new concepts and procedures. Creating a framework that makes it easy for people to quickly understand and adapt to new changes helps them ease into new systems. The Unibright framework is created keeping this in mind so that it can be adapted by the companies without any of the usual frustrations.

Picking the Right Chain

Currently, there are different blockchain protocols Bitcoin, Ethereum, NEM and more, that one can choose to base their operations on. Without a full understanding of the different features offered by various blockchains, a company might decide to use a blockchain application that does not fully solve their problems. Unibright framework eliminates the need for coding or expertise needed to decide which blockchain to utilize. Being highly flexib...

20:07

Blockchain Among Targets of South Koreas $4.4 Billion Domestic Investment Plans for 2019 "IndyWatch Feed Crypto"

Over the next five years, the South Korea government wants to pump almost $5 billion into blockchain, among other technologies

20:00

Will India Finally See Cryptocurrency Regulations in Place By End of 2018? "IndyWatch Feed Crypto"

Cryptocurrency regulations in India have been a source of uncertainty for the markets since the governments unprecedented tirade against crypto that began this past April. However, its reported that the government is now likely to finalize some common sense regulatory measures starting in late 2018.

A finance ministry panel devoted to the issue has found that the main problem with cryptocurrency regulations is how to define and separate the blockchain from its cryptocurrency counterparts. The Indian government has taken a friendly stance towards blockchain technology, but is still slow to adopt similar opinions towards cryptocurrencies.

The finance ministry panel, which is operating under the department of economic affairs, was expected to release its proposal on cryptocurrency regulation in July. That proposal has since been delayed for an unforeseeable amount of time.

An unnamed government official working on the finance panel spoke to Quartz India, saying:

Blockchain is an interesting thing. We definitely want to milk it effectively for financial transactions. So, all officials are really trying hard to understand how to separately use blockchain, without cryptocurrencyAnd understanding a new software takes time.

The finance ministry has not yet responded to reports that cryptocurrency regulations will be finalized following further research on the topic.

Indias Complicated Relationship with Cryptocurrency

India began its battle against cryptocurrencies in April of 2018, when the Reserve Bank of India (RBI) isolated cryptocurrency exchanges by blacklisting them from financial institutions. This ban almost instantly dried up liquidity for India-based cryptocurrency exchanges, and officially began on July 5th.

The RBI made a statement at the time of the ban, saying in part:

It has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling cryptocurrencies. Regulated entities which already provide such services shall exit the re...

19:52

Below $300: Ether Price Hits New Low for 2018 "IndyWatch Feed Crypto"

The price of Ethereum (ETH) just fell below $300 for the first time since November 12 of last year.

19:50

Crypto Cafe and Coworking Space Hash House Established in Xian, China "IndyWatch Feed Crypto"

Crypto Caf and Coworking Space Hash House Established in Xi'an, China

A new crypto cafe and coworking space, called Hash House, has been established in the city of Xian, China. It seems like a cool place to go whether you want to learn about the latest trends, develop your own project, or just grab a coffee for BCH.

Also Read: The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto Platform

Say Hello to Hash House

Crypto Caf and Coworking Space Hash House Established in Xi'an, ChinaHash House is a new crypto-themed cafe and coworking space in the Chinese city of Xi...

19:31

Bitcoin Price Makes Gains While Wider Crypto Market Struggles "IndyWatch Feed Crypto"

The Bitcoin price has risen by around 2 percent in the last 24 hours, increasing from $6,250 to $6,400. But, the rest of the crypto market is still struggling to gain momentum. Bitcoin is King in a Bear Market Since February, the cryptocurrency market has been in a bear market, the third worst in its

The post Bitcoin Price Makes Gains While Wider Crypto Market Struggles appeared first on CCN

19:30

PR: BITTECH Offers Two Mining Machines, Equipped with Mining Chips Using a Cutting-Edge 10 Nm Process Technology "IndyWatch Feed Crypto"

BITTECH Offers Two Mining Machine, Equipped with Mining Chipsusing a Cutting-Edge 10 Nm Process Technology

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.

BITTECH starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018. Bittech One based on 14 nm ASIC chip BT0014 is characterized by 28TH/s hashing power, while energy consumption makes 2200W.

A new range of mining hardware includes two models:
1. Bittech One Mini is a 10nm-based ASIC for private mining. ASIC is characterized by compact sizes, SHA-256-based 16TH/s hashing power, and 1150W power consumption. Retail price will make $880, including power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.
2. Bittech L-One is a new Scrypt-based solution for cryptocurrency mining (like LiteCoin). This is a 10nm BT0010La-based mining hardware with the hashing power of 2.3GH/s and energy consumption of 2600W. The miner is priced at $1970, including the power supply unit. Pre-ordered mining hardware will be delivered as early as mid-September 15-25.

BITTECHs mining hardware based on advanced 10nm semiconductor chips is an all-in-one solution with Murata/Artesyn inbuilt power supply units, supporting hot replacement. Even a newbie can set up its unsophisticated and user-friendly software. All miners are covered by 180-days warranty.

BITTECH Limited was engaged in R&D with regard to 10 and 14nm advanced chips since early 2017. At the mome...

19:16

Bitt Inks Blockchain Deal With Another Caribbean Central Bank "IndyWatch Feed Crypto"

Barbados based blockchain startup Bitt is partnering with the Centrale Bank van Cura, ao en Sint Maarten to look into issuing a main bank backed electronic money for the two nations. Bitt, a portfolio company of Overstocks Medici Ventures, said Monday that its signed a memorandum of understanding with the main bank to the Dutch Caribbean Coast Cura, ao and the founding country of the Netherlands Sint Maarten earlier this month. The goal of the deal would be to collectively examine the possibility of issuing a digital Cura, ao and Sint Maarten florin to replace the current Netherlands Antillean guilder.

The job will focus in part on testing know your customer/anti money laundering technology, according to announcements. CBCS acting president Leila Matroos Lasten explained the bank signed the MOU with Bitt because of this businesss regional experience in electronic obligations and its macroeconomic views. She added: The main bank is determined to address its challenges proactively by researching the most recent technology available, for instance, to reduce the level of cash use inside the monetary union, and also to facilitate more secure, more AML and KYC compliant and much more efficient fiscal transactions within and between Cura, ao and Sint Maarten. .

The MOU suggests that the bank recognizes the possible improvements that technology can bring, she added. The CBCS. Is dedicated to researching solutions concerning the efficacy transactions between jurisdictions and electronic payments while ensuring security and compliance assurances obtained by these state of the art solutions, Matroos Lasten was quoted as stating. This will be helpful to everyone. . The news comes a Couple of months later Bitt signed a comparable MOU with the Eastern Caribbean Central Bank, a central bank institution that covers Anguilla, Antigua and Barbuda, the Commonwealth of Dominica, Grenada, Montserrat, St. Kitts and Nevis, Saint Lucia and St.

Vincent and the Grenadines. That trial might be utilized to develop new electronic payment and settlement systems and, if successful, could finally assist the bank issues a cryptocurrency of its own, as previously reported by CoinDesk. Image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
CoinDesk
strict set of editorial policies

19:00

Marvel Weighs Legal Move Against Crypto Startup's 'Wacoinda' Plans "IndyWatch Feed Crypto"

Marvel Characters is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation Wakanda from Black Panther.

18:47

Newsflash: Ethereum Price Falls Below $300, Pummeled to 9-Month Low "IndyWatch Feed Crypto"

A sell-off sent the ethereum price plunging below $300 on Monday, forcing the second-largest cryptocurrency to its lowest mark in more than nine months. Ethereum had traded as high as $323 earlier in the day, but a flurry of sell orders began to pummel the market at approximately 15:00 UTC, driving ETH closer and closer

The post Newsflash: Ethereum Price Falls Below $300, Pummeled to 9-Month Low appeared first on CCN

18:46

Gullible Finnish Man Gave 4 Figure Bitcoin Fortune To Thai Men, In 2017! "IndyWatch Feed Crypto"

The Bangkok post reports that 22 year old Finnish man Aarni Otava Saarimaa allegedly gave a fortune of 5564.4 Bitcoins to a group of Thai men offering him the opportunity to invest in an online casino and an altcoin project they dubbed "Dragon Coin" (archived). Reportedly the Thai men instead converted the fortune into 797 million bhat of which 745 million bhat made it into their bank accounts. In a very Tradehillesque move, many of those bhat were further converted to real estate.

Local police have arrested a number of Thai men for connection to the plot while others they would like to arrest have fled, including one to the United States. Local police are insisting that despite earlier local reports which alleged a number of local politicians were involved, there were no politicians involved in fingering the Finn's Fortune.

18:45

Destroying the Illusion: My Thoughts on Filming for Comedy Central to Talk QAnon "IndyWatch Feed Crypto"

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18:14

ICO Exit Scams Have Stolen Nearly $100 Million: Research "IndyWatch Feed Crypto"

The cryptocurrency industry may be maturing, but that doesnt mean its likely to shed its reputation as a playground for scam artists anytime soon. Thats according to a report from Diar, which found that ICO exit scams have now cost investors nearly $100 million. The majority of these stolen funds, an estimated $68 million, has

The post ICO Exit Scams Have Stolen Nearly $100 Million: Research appeared first on CCN

18:13

Bitcoin.com CEO Roger Ver Eyes ICO as Token Issuance Protocol Comes to Bitcoin Cash "IndyWatch Feed Crypto"

Bitcoin Cashs new token-generating Wormhole protocol could lead to Bitcoin.com ICO, says Roger Ver

18:00

Bitt Inks Blockchain Deal With Another Caribbean Central Bank "IndyWatch Feed Crypto"

Bitt is partnering with the Centrale Bank van Curaao en Sint Maarten to look into issuing a central bank-backed digital currency for the two nations.

17:50

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip "IndyWatch Feed Crypto"

Coingeek Speaks on Consensus Changes and Next-Gen ASIC Chip

Last week, news.Bitcoin.com reported on the proposed consensus changes published by the Bitcoin ABC development team, and the opposition towards certain elements of that proposal from a few BCH community members. Now the blockchain firm and mining organization Coingeek, led by the billionaire tycoon Calvin Ayre, has revealed some different proposed changes to the BCH protocol that the group would rather support. Moreover, Coingeek also explains the company has designed a next-generation ASIC chip that will be unveiled during the last week of November in London.

Also read: The Opposition Towards Bitcoin ABCs Proposed Upgrade Changes

Craig Wright: The Plan is 128MB This November

Coingeek Speaks on Consensus Changes and Next-Gen ASIC ChipThree days ago we reported on the proposed changes being added to the next full node client published by the Bitcoin ABC development team. The new code changes should be in the next codebase release which is expected to be ready on August 15 for testing. As we discussed, the ABC developers plan to add canonical transaction ordering, a minimum...

17:23

Microsoft's Two New Patents Fuse Blockchain Tech With Trusted Computing Techniques "IndyWatch Feed Crypto"

Two new patents from Microsoft reveal that the tech giant is looking to bolster the security of its consortium blockchain solutions with the use of trusted computing techniques

17:20

Bitcoin Price Hits 7-Month High Against Turkish Lira "IndyWatch Feed Crypto"

Turkey's economic crisis looks to have boosted bitcoin's appeal as a safe-haven asset, pushing it to seven-month highs against the lira.

17:19

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs "IndyWatch Feed Crypto"

A governmental committee comprised of Saudi Arabian regulators has issued a statement clarifying that cryptocurrency trading is illegal in the kingdom. Based on a statement issued on Sunday, the standing committee cautioned against trading in cryptocurrencies due to adverse implications and a high risks on traders like theyre out of government supervision. . It moved on to explain: The committee assured that virtual currency including, for instance, but not limited to, Bitcoins are illegal in the realm and no parties or people are licensed for these clinics. The statement doesnt indicate what the consequences could be for parties found to be trading in cryptocurrencies.

Brought into being by a supreme decree, the Standing Committee for Awareness on Dealing in Unauthorized Securities Transactions on the Foreign Exchange Market was made by five of the Middle East nations watchdogs, including the Capital Markets Authority and the Saudi Arabian Monetary Authority, the nations de facto central bank. And also its own mandate over unauthorised securities, the committee also has the remit of notifying the relevant agencies of any digital currency actions so as to reduce their exposure to the general public. The warning follows the critical comment by the Saudi prince Al Waleed bin Talal at December 2017, where he explained bitcoin is simply going to implode one day .

The prince further compared the worlds biggest cryptocurrency by market valuation at Enron, the U.S. Energy company that collapsed in the early 2000 after disclosures of massive accounting frauds. Saudi Arabian flag picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
statement
remark
Saudi Arabian flag
strict set of editorial policies

17:17

Former S&P President Leads Seed Round for ICO Compliance Startup "IndyWatch Feed Crypto"

Regtech and compliance startup iComply has only completed a seed financing round led by former Standard and Poors president Deven Sharma. The firm that seeks to develop conventional compliance tools and services for other blockchain startups and particularly those that Launch first coin offerings or ICO declared Monday that it increased a seven figure number throughout the round, even though it didnt provide an exact figure. DMG Blockchain and Block X Capital also participated in the round. In its statement, iComply also disclosed that former CFTC official Jeff Bandman, former Nasdaq and Financial Industry Regulatory Authority executive Manny Alicandro, Massachusetts Institute of Technology Fellow Praveen Mandal and lawyer Thomas Linder have combined the startup as advisers.

In conversation with CoinDesk, Sharma said he chose to invest in iComply especially due to the startups concentrate on compliance and risk services for ICO. Compliance, he explained, will assist ease the concerns of regulators by ensuring transparency in ICO issuers. Sharma also believes that the company can assist adoption by supporting traditional financial services companies looking into the technology. My interest would be to see iComply evolve into a reference as investors may use to evaluate credibility of competencies, Sustainability of underlying services and the cost of ICOs, he explained. Matthew Unger, founder and CEO of the start-up, said in a statement that new ICO and trades Will Need to answer to regulators such as FINRA, the Financial Transactions and Reports Analysis Center of Canada and the Swiss Financial Market Supervisory Authority, among others.

As such, he explained, iComplys patent pending applications empowers both utility and security tokens to monitor and document compliance, governance and risk procedures, before public blockchain implements an immutable trade, supplying trust, integrity and transparency to our clients. . Sharma explained that the new tools such as blockchain still needs transparency to build investor confidence. Doing this, he explained, will allow for more expansion innovative ways to raise funds and investments I see iComply as an important component of creating whole ICO space more effective, since it provides the confidence . The concept of transparency and trust, he said, were what sparked his interest in blockchain to start with.

Nevertheless, Sharma said hes yet to invest in almost any token sales, telling CoinDesk: There were some ICOs who had a basically robust offering which I understood and did interest me . U.S. Cents image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurre...

17:08

Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change "IndyWatch Feed Crypto"

Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change

In a message on GEAR Tokens website, iconic political talk show host Larry King says that global climate change is threatening humanitys existence and is a potentially catastrophic issue from the combustion of fossil fuels ... putting immense pressure on the environment and on our health.

King says that this is simply not sustainable and the pace of innovations and investment in green energy and renewables is not enough to help counteract the use of dirty fuels.

King is focusing his energies as a member of GEARs Advisory Board, helping the small startup, still in incubation, to raise funds for the development of green mining technology to reduce energy consumption in bitcoin mining that has given bitcoin a bad rap with environmentalists.

Aware that the U.S. government is also getting a bad rap from environmentalists, GEAR is hoping to counter any doubts that global climate change is a serious issue.

The GEAR team told Bitcoin Magazine:

We want to highlight the increasing importance of investing in green projects and startups, given the changing political landscape against efforts to prevent further global warming, such as the U.S. pulling out of the Paris climate accords.

Indi Pathak, president of GEAR, explained:

Our mission is to use blockchain and crypto to help and give back to the Earth through things such as building more and more tangible, real-world assets, such as hydroelectric farms, solar farms, etc. every year with GEAR GROW, while also using GEAR CAPITAL to fund and support startups working on the next big technological innovations in green energy and renewables.

Larry King calls GEAR the worlds first closed-loop green energy and renewables-focused token investment network helping to promote environmental sustainability.

Linking Traditional Investment Strategies With ICOs and Tokens

GEAR hopes to be a bridge for traditional investors between traditional investment tools and the new world of ICOs and tokens.

Pathak explains:

We want GEAR to be a way to connect and introduce standard fiat investors to crypto in a way they already understand and trust.

Using the team's background in traditional finance, we're aiming to bridge the gap between...

17:04

Saudi Arabia: Bitcoin Trading is Illegal in the Kingdom "IndyWatch Feed Crypto"

A standing committee comprised of various governmental ministries and the central bank of Saudi Arabia has warned that trading of unauthorized cryptocurrencies like bitcoin is illegal in the country. In a statement published by the Saudi Arabian Monetary Authority (SAMA) the sovereign Arab states deface central bank on Sunday, a governmental committee declared

The post Saudi Arabia: Bitcoin Trading is Illegal in the Kingdom appeared first on CCN

17:00

WATCH LIVE: Byzantine Generals Problem & Bitcoin Governance with Chris DeRose "IndyWatch Feed Crypto"

By Vin Armani Watch live at 1 pm EST (10 am PST) In the first hour we look at how The Byzantine Generals Problem,...

16:13

Bitcoin Price Creeps Near $6,500 as Tether Issues $50 Million Worth of New Tokens "IndyWatch Feed Crypto"

The bitcoin price saw a slight bump on Monday, rising just under two percent to extend the markets weekend recovery into the new week. After trading as low as $6,109 on Saturday, bitcoin is now priced at $6,458 on Bitfinex, which translates into a $111 billion market cap. While there are many factors that impact

The post Bitcoin Price Creeps Near $6,500 as Tether Issues $50 Million Worth of New Tokens appeared first on CCN

16:00

Former S&P President Leads Seed Round for ICO Compliance Startup "IndyWatch Feed Crypto"

Regtech and compliance startup iComply has just completed a seed funding round led by former Standard and Poor's chief Deven Sharma.

15:54

Chinas IT Ministry Makes Blockchain, Data Security Focus of One of Its Key Labs for 2018 "IndyWatch Feed Crypto"

Chinas Ministry of Industry and Information Technology has included a blockchain lab focused on data security on the list of its key labs for 2018

15:50

The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto Platform "IndyWatch Feed Crypto"

The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto Platform

In todays edition of Bitcoin in Brief, we cover the addition of Vietnamese ng fiat to Huobi OTC, venture capital fund Dymon Asia backing a new institutional crypto platform, and Paxful donations supporting the building of a second school in Rwanda.

Also Read: US Government to Aggressively Pursue Unregulated Services Around the World

Huobi OTC to Support Dng

The Daily: Huobi OTC to Support Dng, Dymon Asia Backs Crypto PlatformHuobi, the Singapore-headquartered trading venue, has announced its plan to support Vietnamese ng transactions on its proprietary peer-to-peer trading platform,...

15:27

FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month "IndyWatch Feed Crypto"

The US Financial Crimes Enforcement Network (FinCEN) now receives over 1,500 Suspicious Activity Reports, which concern cryptocurrencies like Bitcoin, every month. The statistics were presented by the FinCEN Director, Kenneth Blanco, during his speech regarding the US agencys views on decentralized digital assets and virtual currencies. The US Treasury, at the 2018 Chicago-Kent Block (Legal) Tech Conference, stated

The post FinCEN director: We Receive 1,500 Virtual Currency Complaints a Month appeared first on CCN

15:16

Blockchain Social Network Minds Is Migrating to Ethereum for Launch "IndyWatch Feed Crypto"

Blockchain based social network Minds is migrating its stage at the ethereum network, the startup announced Monday. After about four and-a half months on its Rinkeby test network, the startup will probably be moving to ethereum for its full live launch. The company claims to provide a censorship resistant, reachable social network for users, especially those from possibly authoritarian nations, based on a media release. The stage already sees around 500, 000 daily page views, Chief executive officer Bill Ottman told CoinDesk. The platform also claims approximately 1.25 million registered users, of which about 75% have already earned test tokens.

These users will be qualified to receive the platforms reside token through a free airdrop distribution as a result. We expect a general increase in transactions, both on off and chain, due to the activation of token withdrawals, purchases and rewards, he said. Ottman continued to say that the team had engineered a hybrid on chainoff chain model to ensure the system can deal with the volume is seeing and also to supply a simple user experience for crypto newcomers. The on off and chain model will also aid the platform handle big user amounts without congesting the ethereum network, in accordance with the company.

Users could pay tokens to ensure a larger number of individuals see their articles, or win chips by interacting with the content. Users could also utilize it to pay creators directly and subscribes to premium content. Ottman stated the use case has been popular on the testnet, forecasting the decentralized platform will become one of the very popular applications on ethereum as a consequence of the launch. The CEO expected few problems ahead, stating the only disruption will likely be a 24 hour dip in provides a refuge for people seeking an avenue for global interaction and ideas exchange. Ether on a keyboard picture via CoinDesk. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
ethereum
Ether on a keyboard
strict set of editorial policies

15:00

Bitcoin Trading Is Illegal in Saudi Arabia, Warn Watchdogs "IndyWatch Feed Crypto"

A governmental committee comprised of Saudi Arabian regulators has issued a statement warning that cryptocurrency trading is illegal in the kingdom.

14:44

Turkish Liras Collapse Sees Media Highlight Bitcoins Relative Stability "IndyWatch Feed Crypto"

Turkish lira versus Bitcoin volatility becomes major talking point, as interest in the cryptocurrency increases in Turkey

14:30

Destroying the Illusion: What Supplements Does Jordan Take? "IndyWatch Feed Crypto"

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14:24

Former Visa CEOs Startup Runs the Fastest Crypto Transactions in the World "IndyWatch Feed Crypto"

Blockchain-based fintech startup Crypterium challenges classic banks by introducing a new feature that allows its users to transfer any amount of cryptocurrency using not the complicated wallet addresses, but simply the recipient phone number. Those transfers happen simultaneously, and the company claims it can process up to a million transactions per second, solving blockchains scalability issue.

Does it mean the first truly user-friendly crypto solution has arrived, and were witnessing the Netscape moment for the whole industry? Marc OBrien, who has held the position of CEO of Visa UK for six years, to then become a key advisor to Revolut, Britains first digital bank unicorn, bets on the house that it did.

Going Mainstream

Almost all blockchain applications are not user-friendly. Tech-savvy people have created them for other tech-savvy people, and those solutions are still very confusing for both businesses and consumers who are not as computer literate.

Former Visa UK CEO Marc OBrien has set a goal of bringing the crypto industry mainstream and making it more user-friendly. Were on our way to the 21st centurys Netscape moment, the day when a California startups eye-popping market debut illuminated the World Wide Web for millions of people, otherwise only vaguely familiar with its potential and promise, he explains, mentioning that his own startup, Crypterium, makes buying, selling and spending of cryptocurrency in everyday life as easy as possible, and thats what will bring the next billions of people to using crypto.

Problems unsolved

There are two key problems all crypto holders are facing today while trying to transfer coins and tokens to each other. First of all, you can get confused with the wallet address. This is how they look like 0xc5b133a52145990313915612bd732f059330287f so getting confused is really easy. And once you do, you never get your money back.

There are also special hacker apps, such as CryptoShuffler, that change the address of the wallet while it is being copied. So in the Send to the wallet field, you enter the thiefs wallet number.

The second problem is that any transaction takes a while. If we are talking about Ethereum, it could be minutes, if it i...

14:09

Crypto Fund Launches Projected to Hit a Record Number in 2018 "IndyWatch Feed Crypto"

Despite the persistent bearish environment and unfavorable regulatory conditions in various parts of the world, the number of new crypto funds unveiled this year is expected to break last years record. So far the number of new crypto funds that have already been launched is 96 and it is projected that by the end of

The post Crypto Fund Launches Projected to Hit a Record Number in 2018 appeared first on CCN

14:00

Blockchain Social Network Minds Is Migrating to Ethereum for Launch "IndyWatch Feed Crypto"

Blockchain-based social network Minds is moving its platform to the ethereum mainnet, the startup announced Monday.

13:50

Create an Unforgettable Wallet Seed by Building a Memory Palace "IndyWatch Feed Crypto"

Create an Unforgettable Wallet Seed by Building a Memory Palace

A 12 or 24-word recovery seed is the key to your cryptocurrency wallet. Thats why, upon creating it, youre prompted to write it down and store it in a safe place. But what if you didnt have to write it down? What if there was a virtually failsafe means of committing those words to memory, enabling you to recall them at a moments notice? As it happens, there is. Its called a memory palace and, with a little practice, it provides an effective means of developing an unforgettable wallet seed.

Also read: An In-Depth Look at the Cryptocurrency Economys Stablecoin Trend

Build a Memory Palace and Lock Your Crypto Away from Fire and Thieves

Create an Unforgettable Wallet Seed by Building a Memory PalaceIn his 2011 book Moonwalking with Einstein: The Art and Science of Remembering Everything, Joshua Foer details the astoni...

13:19

Chinas Communist Party Publishes Blockchain Tech 101 for Officials "IndyWatch Feed Crypto"

The Chinese government going to make blockchain literacy the norm over people offices with the publication of an explainer for officials and members of the communist party. Released from the publishing house of the Peoples Daily the partys news outlet the book is titled Blockchain A Guide for Officials, according to a report from the information outlet on Monday. Beginning with an explanation of the source and characteristics of blockchain, the guide moves onto the current and future applications and also challenges the technician brings to the company and legal world. In accordance with the Peoples Daily, the goal is to assist government representatives better understand the concept of blockchain as part of a broader effort to facilitate the development and adoption of the technology.

Ye Zhenzhen, head of the Peoples Daily, writes in the book. The largest impact of blockchain lies in its operation mechanics. Which seeks to reach consensus as a way to regulate a community. It offers us a brand new angle to think about and solve unique issues. The campaign comes right after Chinese President Xi Jinping recognized the potential of the blockchain at a public address wherein he commented that the technology is among several breakthroughs that have reshaped the global economy. Presently, one of the cabinet level ministries under Chinas State Council can be charting a framework for blockchain standardization to assist the creation of regulatory advice for the technicians development in the nation. Book image via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
report
acknowledged
charting
Book
strict set of editorial policies

13:00

Bitcoin Price Move Past $6.5K Would Boost Upside Potential "IndyWatch Feed Crypto"

Bitcoin's corrective rally could gather steam above the key descending trendline hurdle of $6,480.

12:41

Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports "IndyWatch Feed Crypto"

After months of deliberation, Vietnam has moved to halting imports of cryptocurrency mining equipment according to a customs department in the country. Domestic businesses and individuals have stopped importing crypto mining equipment altogether since the beginning of July, according to the Ho Chi Minh City (HCM) Customs Department, as reported by Viet Nam News on

The post Vietnam Confirms Suspension of Bitcoin, Cryptocurrency Miner Imports appeared first on CCN

11:59

Stellar (XLM) Gains as Crypto Markets Lift From Bottom "IndyWatch Feed Crypto"

FOMO Moments

Crypto land is healing slowly, Stellar doing well, Tezos getting hammered

The weekend bottom seems to have been found and markets are holding just above it at the moment. There has been no clear indication of a recovery as total capitalization has inched up only marginally over the past 24 hours.

Bitcoin has held the $6,400 support level and has made 2% on the day to climb to $6,480. Volume has jumped from $4 to $6.6 billion which is a bullish signal for BTC. The same cannot be said for Ethereum which is still languishing around the $320 level, its lowest this year, and showing no positive signs at all.

The altcoins are predominantly in the green at the moment, clawing back a little from those massive dumps over the weekend. Once again it is Stellar that is showing the most gains when markets start to bounce back. According to Coinmarketcap XLM is up 7% on the day to $0.238, and it has weathered this storm much better than its brethren. Stellar has regained all losses over the week to trade slightly higher than its level this time last Monday. It has made 30% on the month and is up 5% against BTC on the day to 3740 satoshis.

Other altcoins in the top ten are only showing very small gains on the day. Looking further down the list Iota and Nem have made a couple of percent back but the rest are still flat. Tezos has been battered once again dropping another 9% today to trade at $1.44. OmiseGO is also in pain as is Decred and Zilliqa with further losses on the day.

In the top one hundred Peercoin is making the biggest move with a 34% pump at the moment. Dentacoin and Aelf have also recovered double digits at the moment. Alongside Tezos is Maidsafecoin which is also down 9%, Wanchain is also having a rough time right now, down 7%.

Total crypto market capitalization has gained 1.8% on the day to $219 billion. On the week however it has collapsed 14% to a yearly low of $207 billion on Saturday. Trade volume is up from $12 to $17 billion as traders load up on bargain basement prices. Bitcoins market dominance continues to climb and is now at 51.2%, its highest level since December.

...

11:50

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX "IndyWatch Feed Crypto"

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX

In recent news pertaining to cryptocurrencies, a Chinese court has rejected an appeal from a trader disputing a previous decision that mandated he repay the value of 5 BTC accidentally credited to his Coinnice account, the CEO of Binance has demonstrated the companys upcoming decentralized exchange (DEX), and Okexs head of operations has discussed the companys recent socialized clawback.

Also Read: Stablecoins Gaining Popularity in India to Minimize Central Banks Impact

Chinese Court Backs Exchange in Dispute Over 5 BTC Accidentally Credited to Trader

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEXA Chinese court has rejected an appeal made by a bitcoin trader who was recently mandated to repay the fiat value of 5 BTC accidentally credited to him by an exchange operated by Beijing Grape Technology Co. The 5 BTC had been credited to Li Jianfengs...

11:39

Does 50% Decline in the Turkish Lira Prove Bitcoin is Better Than Fiat? "IndyWatch Feed Crypto"

The Turkish lira has fallen by 50 percent since September 2017, from $0.3 USD to $0.15 USD. While Bitcoin has fallen more than the lira in the past 12 months, investors of Bitcoin still are capable to withdraw and cash out their investments in crypto.

Strict Capital Controls

Currently, the price of the Turkish lira against the US dollar is hovering at around $0.15. But, similar to the Venezuelan bolivar, the value of the lira is difficult to justify given that as of now, it is not possible for merchants, businesses, and individuals to exchange their holdings in lira to other foreign currencies.

The value of an asset and currency is subjective and as a currency, the value of the lira is largely affected by its capability of operating as a medium of exchange. If the lira cannot be exchanged to other foreign currencies, not only is it hard to justify the value of lira at the current price range, but it is difficult to give a valuation to the lira.

On Friday last week, US President Donald Trump announced the imposition of tariffs against the Turkish economy, demanding the government of Turkey to free an American priest held hostage in the region.

Almost immediately after the statement of President Trump was released, the price of the lira plummeted by 20 percent.

Kerry Craig, an analyst at JPMorgan, said in a note obtained by CNBC:

The decline in the lira is multifaceted, caused not only by a weak external position in terms of current account deficit and inadequate currency reserves, but also the challenging political environment which exacerbates the vulnerabilities in the lira. A mid-meeting rate hike and tightening of monetary policy may help to avert the liras decline, to some extent.

The real issue with the national currency of Turkey is that local financial authorities have disallowed merchants, businesses, and individuals from sending the lira outside of the country or purchasing foreign currencies with it.

Turkey President Tayyip Erdogan has repeatedly asked the citizens of Turkey to hold onto the lira amidst one of the most intense devaluation...

11:30

China's Communist Party Publishes Blockchain Tech 101 "IndyWatch Feed Crypto"

China's Communist Party is moving to make blockchain literacy the norm with the publication of a guide book for officials and members.

11:30

PR: NEM and Unibright Are Announcing a Strategic Partnership "IndyWatch Feed Crypto"

NEM and Unibright Are Announcing a Strategic Partnership

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

NEM (out-of-the-box, enterprise-grade blockchain platform) and Unibright (blockchain agnostic integration framework) are teaming up and start an official strategic partnership.

NEM and Unibright start a strategic partnership by adding NEM oriented code generation to the Unibright framework and adding Unibright to the NEMsp Program. Through this relationship, Unibright developers will receive blockchain training and certification through the Global NEMsp Network. The NEMsp (NEM Service Partner) Network provides qualified partners like Unibright with the technical skills and business benefits to integrate clients on the NEM Blockchain and scale regardless of industry, specialization or experience.

The partnership consists of:

adding NEM as a target of Unibrights automatic blockchain code generation,
adding NEM adapters to Unibrights integration platform to connect NEM architectures to existing IT landscapes,
qualifying Unibright as an official NEM Service Partner by training and certification through the Global NEMsp Network,
working together on common customer projects, case studies and proof of concepts with industry partners and clients.

Kristof Van de Rek, Interim President of NEM.io states:

The NEMsp Network is a scalable and repeatable program designed to expedite the adoption of NEM globally while creating value for our partners. Companies wont need to have any internal technical staff to be able to build on the NEM Blockchain because a project can be completely developed and deployed by a NEMsp. Unibright puts that development on an even higher level by generating code automatically, and thus are a perfect fit to the NEMsp network. We look forward to a long and mutually beneficial relationship with Unibright.

Marten Jung, founder and CEO of Unibright adds:

We are convinced that ent...

11:10

IBM Files Patent for a Blockchain Database Management System "IndyWatch Feed Crypto"

Industry giant and proactive decentralized tech mover IBM has filed a patent for certain aspects of blockchain technology, a newly published document revealed. The patent for Managing a Database Management System using a Blockchain Database explains the IBMs intention to build a reliable database tampering detection system (IDT-DS). The proposed system would detect inconsistencies in a set

The post IBM Files Patent for a Blockchain Database Management System appeared first on CCN

10:53

Bull or Bear? How SEC Actions Correlate With Market Prices "IndyWatch Feed Crypto"

Heres how the SEC decisions correlated with market prices, from the DAO to the latest ETFs

10:48

Bitcoin Price Watch: BTC/USD Could Rebound Above $6,500 "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price found support near the $5,970-6,000 area and recovered nicely against the US Dollar.
  • There is a major contracting triangle forming with resistance near $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must break the $6,480 and $6,570 resistance levels to gain upside momentum in the near term.

Bitcoin price is showing positive signs above $6,280 against the US Dollar. BTC/USD could soon break the $6,480 and $6,570 resistances to rebound further.

Bitcoin Price Analysis

This past week, we saw heavy declines below $6,550 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $6,000 support, but buyers appeared and protected more declines. A low was formed at $5,794 and the price started an upward correction. The price moved above the $6,200 resistance and traded with bullish moves during the past few hours. It even broke the 23.6% Fib retracement level of the recent decline from the $7,166 high to $5,974 low.

However, the upside move is facing sellers near the $6,500 level. The 38.2% Fib retracement level of the recent decline from the $7,166 high to $5,974 low is also acting as a hurdle. More importantly, there is a major contracting triangle forming with resistance near $6,480 on the hourly chart of the BTC/USD pair. Should the price break the triangle resistance and $6,500, it could trade further higher. The next resistance is the $6,570 level, which is the 50% Fib retracement level. Above this, the price may even trade above the $6,650 level in the near term. On the other hand, if the price fails to move past $6,480 and drops below $6,280, there could be a bearish reaction.

Bitcoin Price Analysis BTC USD

Looking at the chart, the current price action is positive, but bitcoin must stay above $6,280 to move past $6,480 and $6,570 in the...

10:00

Where Roads Can't Reach, Blockchain Drones Just Might Travel "IndyWatch Feed Crypto"

A team of Russian engineers and entrepreneurs wants to link heavy-duty delivery drones using blockchain.

10:00

Cardano Price Analysis: ADA/USD Sellers Remain in Control Below $0.12 "IndyWatch Feed Crypto"

Key Highlights

  • ADA price extended declines and traded to a new monthly low at $0.1070 against the US Dollar (tethered).
  • There is a crucial bearish trend line formed with resistance near $0.1170 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair could drop further if buyers fail to push the price above $0.1170 and $0.1200.

Cardano price is facing an uphill task against the US Dollar and Bitcoin. ADA/USD remains at a risk of more losses below the $0.1100 level in the near term.

Cardano Price Analysis

After a short-term correction, cardano price failed to move above the $0.1250 resistance against the US Dollar.  The ADA/USD pair topped near the $0.1270 level and started a fresh downside move. It declined sharply and broke the $0.1100 support. A new monthly low was formed at $0.1070 and later the price started trading in a range. It broke the 23.6% Fib retracement level of the last slide from the $0.1267 high to $0.1070 low.

However, it seems like the price struggled to break the $0.1150 level and the 100 hourly simple moving average. Moreover, the 38.2% Fib retracement level of the last slide from the $0.1267 high to $0.1070 low also acted as a resistance. The price is currently trading in a tight range above the $0.1100 level. On the upside, there is a crucial bearish trend line formed with resistance near $0.1170 on the hourly chart of the ADA/USD pair. The pair has to move past the trend line, the 100 hourly SMA, and the $0.1200 resistance to gain upside momentum.

Cardano Price Analysis ADA USD

The chart indicates that ADA price may struggle to break $0.1200. If sellers gain traction, there is a chance of more declines below the $0.1070 low. In this case, the price could even test the $0.1000 level in the near term.

...

09:55

Asias Largest Stock Exchange is Honestly Troubled by a Cryptocurrency Firm "IndyWatch Feed Crypto"

The planned acquisition of a Tokyo Stock Exchange-listed company by a Hong Kong-based cryptocurrency firm is reportedly raising concerns within the bourse. The Tokyo Stock Exchange (TSE) is receptive, even welcoming, to foreign firms entering the Japanese market unless theyre a cryptocurrency firm. According to the Nikkei on Sunday, the exchange operator is evidently

The post Asias Largest Stock Exchange is Honestly Troubled by a Cryptocurrency Firm appeared first on CCN

09:18

Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam "IndyWatch Feed Crypto"

A 22 year-old cryptocurrency millionaire has dropped more than 5, 500 bitcoins in a supposed investment fraud in Thailand that attracted public attention because of the alleged participation of a Thai film actor. Based on a press report from Bangkok Post on Monday, a bunch of Thai people approached and solicited Finnish businessman Aarni Otava Saarimaa in June 2017 for investing in many Thai stocks, a casino in Macau and a fresh cryptocurrency named Dragon Coin. The team touted that upon issuance, the Dragon Coin could be utilized in the casino, the report said. They also attracted Saarimaa to casino in Macau to show the validity of the plan.

Saarimaa, that purchased into the program, transferred a total of 5, 564 bitcoins into the team, the report said. Nevertheless, having seen no returns whatsoever months after the investment, Saarimaa registered a complaint to Thailands Crime Suppression Division in January along with his local business partner who believed that the investment plan was a scam. The CSD then began an investigation and alleged in the report which the group didnt make any investments such as Saarimaa, but rather liquidated all the bitcoins to Thai baht, which have been deposited in seven bank accounts. Although its unclear when the band sold the bitcoin assets, the CSD said the fraudsters made gains of almost 800 million baht, or around $24 million.

And, following a months long investigation, the CSD suspected that the Thai film actor Jiratpisit Boom Jaravijit was included in the plan and stopped it last Wednesday. Additionally, the CSD alleged that the actors sibling Prinya Jaravijit is supposed to be the ringleader of the program, that had left Thailand to the U.S. Through South Korea. The CSD is currently working on cooperating with authorities from the U.S. To track down the key suspect, the report said. Thai baht picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Bangkok Post
Thai baht
strict set of editorial policies

09:04

Bitcoin News Summary August 13, 2018 "IndyWatch Feed Crypto"

Heres what happened this week in Bitcoin in 99 seconds. Bitcoin continues to outperform altcoins, reaching over 51% of the total crypto market cap this week. The story behind this weeks $900 price drop was the SECs decision to delay its decision on the highly-anticipated Bitcoin ETF until Septe

09:00

Ripple Price Analysis: XRP/USD Could Decline To $0.2600 "IndyWatch Feed Crypto"

Key Highlights

  • Ripple price extended losses and traded below the $0.3000 support level against the US dollar.
  • There is a key bearish trend line forming with resistance near the $0.3040 level on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair remains at a risk of more losses below the $0.2900 and $0.2800 support levels in the near term.

Ripple price is struggling to rebound against the US Dollar and Bitcoin. XRP/USD could extend declines below $0.2800 and it may perhaps test $0.2600.

Ripple Price Resistance

This past week, there were nasty declines in Ripple price below the $0.3200 support area against the US Dollar. The XRP/USD pair even broke the $0.3000 support and traded to a new monthly low at $0.2873. Later, the price stared an upside correction above $0.2900 and recovered above $0.3000. There was a break above the 23.6% Fib retracement level of the last decline from the $0.3503 high to $0.2873 low.

However, the recovery found sellers near the $0.3150 level. Moreover, the 38.2% Fib retracement level of the last decline from the $0.3503 high to $0.2873 low prevented gains. The price failed to move above $0.3150 and $0.3200, resulting in a fresh downside move. Additionally, there is a key bearish trend line forming with resistance near the $0.3040 level on the hourly chart of the XRP/USD pair. The pair is currently following the bearish trend line and is trading below $0.3000. If it fails to move past the $0.3000 and $0.3050 levels, it could extend the current decline.

Ripple Price Analysis XRP USD

Looking at the chart, ripple price remains at a risk of more losses below $0.2800. Should there be a break below $0.2800, the price may perhaps decline further towards the $0.2600 level.

Looking at the technical...

08:45

Op-Ed: Crypto-Security the Good, the Bad, and the McAfee "IndyWatch Feed Crypto"

If youve been following the news over the past few days then you might have noticed CCNs coverage on reported acquisition of unauthorised hacker access to the recently released Bitfi hardware wallet, created by controversial cybersecurity veteran John McAfee (ex-McAfee Associates, Cloak Phone). Whilst the Bitfi security saga has gained widespread media attention, largely due

The post Op-Ed: Crypto-Security the Good, the Bad, and the McAfee appeared first on CCN

08:00

Ethereum Price Analysis: ETH/USD Remains at Risk of More Declines "IndyWatch Feed Crypto"

Key Highlights

  • ETH price recovered a few points after trading as low as $304.26 against the US Dollar.
  • There is a major bearish trend line in place with resistance at $320 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is struggling to move above the $320 and $328 resistance levels, and it remains at a risk below $310.

Ethereum price remains in a downtrend against the US Dollar and bitcoin. ETH/USD must clear the $320 and $330 resistance levels to recover towards $355.

Ethereum Price Trend

There were heavy declines below $348-350 in Ethereum price this past week against the US Dollar. The ETH/USD pair traded as low as $304.26 and is currently consolidating losses with a few positive moves. It traded above the $315 level and spiked above $325. There was also a break above the 23.6% Fib retracement level of the last decline from the $363.03 high to $304.26 low.

However, the upside move was capped by the $328-330 levels. Moreover, the 38.2% Fib retracement level of the last decline from the $363.03 high to $304.26 low acted as a resistance. At the outset, there is a major bearish trend line in place with resistance at $320 on the hourly chart of ETH/USD. Above the trend line resistance, the 100 hourly simple moving average is positioned near $340. Therefore, it seems like there is a cluster of resistances formed between $320-340. A break above this could push the price above the $348-350 resistance zone in the near term.

Ethereum Price Analysis ETH USD

Looking at the chart, ETH price is showing no major signs of a recovery above $320. Therefore, it could dip a few points below the $315 level before it attempts to break the $320 and $330 resistance levels once again.

Hourly MACD The MACD is mostly flat in the bearish zone.

Hourly RSI The RSI is currently moving flat and is currently below the 50 level.

Major Support Level $310

...

08:00

Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam "IndyWatch Feed Crypto"

A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand.

07:19

$6,000 a Crucial Level for Bitcoin Price: Canadian Crypto Fund "IndyWatch Feed Crypto"

Bitcoins $6,000 price region has been described as a crucial support by Rivemont Crypto Fund, based in Canada. The details of this description is recorded in a post on the companys facebook account where the factors leading to this conclusion were discussed. A Strong Support Region The next direction of Bitcoin price has been a Continued

The post $6,000 a Crucial Level for Bitcoin Price: Canadian Crypto Fund appeared first on CCN

06:57

Controversial Stablecoin Tether Issues New Batch of USDT Tokens Worth $50 Million "IndyWatch Feed Crypto"

Controversial stablecoin Tether issues another batch of tokens worth $50 million

06:19

Ethereum Classic (ETC) Price Watch: Short-Term Breakdown, But Long-Term Floor Holding "IndyWatch Feed Crypto"

Ethereum Classic Price Key Highlights

  • Ethereum Classic recently tumbled below a short-term ascending trend line to show that sellers are winning out.
  • However, price is also encountering strong support at the long-term floor around $13.
  • A bounce off this level could lead to a test of the broken short-term trend line or a move to the next area of interest.

Ethereum Classic price is fighting to keep its head above the long-term floor as it recently fell below a short-term trend line.

Technical Indicators Signals

The 100 SMA recently crossed below the longer-term 200 SMA to signal a pickup in selling pressure. This indicates that the path of least resistance is to the downside or that support is more likely to break than to hold.

However, RSI is pulling up from the oversold area to signal a return in bullish pressure. A bullish divergence is also evident as RSI made higher lows while Ethereum Classic price made lower lows. Stochastic is also climbing out of the oversold area so price might follow suit if buyers take over.

Ethereum Classic price could aim for the broken trend line, which might hold as near-term resistance and lines up with the dynamic inflection points at the moving averages. If these keep gains in check, price could fall back to the long-term floor or even break lower.

ETC/USD Chart from TradingView

Market Factors

Ethereum Classic price drew a strong boost from news of its listing on Coinbase and Robinhood, but the overall sentiment in the cryptocurrency industry took over. Traders were disappointed by the SEC decision to delay their ruling on a number of bitcoin ETF applications to September, which means that the industry could be in limbo until then.

With that, further consolidation at these support levels could be seen in the coming days, unless of course there are any major posit...

06:08

Bitcoin Cash Price Analysis: BCH/USD Consolidating Above $550 "IndyWatch Feed Crypto"

Key Points

         Bitcoin cash price started consolidating losses after trading to the $540 low against the US Dollar.

         There is a key connecting bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair (data feed from Kraken).

         The pair might continue to struggle to break the $580 and $600 resistance levels in the near term.

Bitcoin cash price is under pressure below $600 against the US Dollar. BCH/USD may perhaps attempt a recovery if buyers push the price above $580 and 100 SMA.

Bitcoin Cash Price Resistance

There were heavy declines noted in bitcoin cash price below the $650 pivot level against the US Dollar. The BCH/USD pair declined below the $600 and $550 support levels and traded to a new low at $540. Later, the price found support and started a minor upward move above $550. It also broke the 23.6% Fib retracement level of the last decline from the $619 high to $540 low.

However, the price is currently struggling to clear the $580 resistance area. There is also key connecting bearish trend line formed with resistance at $580 on the hourly chart of the BCH/USD pair. The same trend line coincides with the 50% Fib retracement level of the last decline from the $619 high to $540 low. More importantly, the 100 hourly simple moving average is positioned near the $580 level. Therefore, it wont be easy forbuyers to push the price above $580 and the 100 hourly SMA. Above these, the price will most likely recover further above $600 and $610.

Bitcoin Cash Price Analysis BCH USD

Looking at the ...

06:08

Bitcoin (BTC) Price Watch: Still Waiting for Directional Clues "IndyWatch Feed Crypto"

Bitcoin Price Key Highlights

  • Bitcoin price is trending below a short-term descending trend line as it hovers at the long-term floor.
  • Traders are likely waiting for the next catalysts to decide which direction the breakout could take.
  • Technical indicators appear to be suggesting a slowdown in bullish momentum soon.

Bitcoin price is still trending lower on the short-term time frame but buyers are defending the long-term floor.

Technical Indicators Signals

The 100 SMA is still above the longer-term 200 SMA but is gearing up for a bearish crossover to signal a pickup in selling momentum. In that case, price could have stronger odds of breaking below the $6,000 support zone and trending lower.

Price is also moving below a short-term descending trend line, which is keeping near-term gains in check. A break past this level could still encounter some selling pressure at the dynamic inflection points on the moving averages.

RSI is turning higher after previously climbing out of the oversold area, though, so there may still be a pickup in buying pressure from here. Stochastic is also heading higher to suggest that buying momentum could stay in play for a bit longer. Once both oscillators reach overbought levels and turn lower, selling pressure could return.

BTC/USD Chart from TradingView

BTC/USD Chart from TradingView

Market Factors

Bitcoin price continues to struggle to keep its head afloat after a couple of rough weeks, the latest of which featured a decision by the SEC to delay their ruling on remaining bitcoin ETF applications.

With that, traders could stay on edge until September or when the decision is announced. Even then, another denial for the proposed rule change could mean more losses for bitcoin price and the rest of its cryptocurrency peers. Approval, on the other hand, could be the positive c...

06:00

In Rare Decision, ICO Founders Will Delay Crypto Paydays For a Decade "IndyWatch Feed Crypto"

Nebulas raised $60 million in an ICO in December, but in order to help its team focus on completing its tech, it's extending its team's token lockup.

06:00

Bitcoin and United States Dollar "IndyWatch Feed Crypto"

0.00010 BTC = 0.63 USD
1.00 USD = 0.00016 BTC
Converter

05:16

Microsoft Looks to Trusted Computing for Boosting Blockchain Security "IndyWatch Feed Crypto"

Two recently published patent applications from Microsoft suggest the software giant is currently looking at the use of trusted execution environments, or TEE, inside its blockchain offerings. However, just what is a TEE? . According to info gathered from two filings released by the U.S. Patent and Trademark Office Thursday, a TEE is specified to store a pre determined type of blockchain or other safety protocol code into the verification node. . With this type of information, a TEE attestation has the capability to confirm Participants in the system who possess matching info held inside the node. In blockchain, a node is merely a point of connection able to receive, store and send data inside the network.

And how all this could end up being useful is explained in 2 ways. To begin with, a TEE might help in the creation of a consortium blockchain network. By establishing the first node of the blockchain to store a pre determined membership record among other pieces of info, a TEE attestation may be employed to safely onboard members of the consortium network . Second of all, a TEE can also help in confirming blockchain transactions on a comparable network where multiple pre licensed entities need to socialize. For instance, applying this process of attestation through programmed TEEs once more, certain encrypted transactions on the network may be processed and confirmed directly to the official condition of the blockchain with no for a copy of the transaction so as to confirm a demand for decryption.

The patent reads: In certain examples, the whole network accepts the transactions, such as chaincode transactions, and also blockchain nations are directly updated. In certain examples, theres no demand for a copy of the transaction in order to confirm a block . Apart from both of these use cases, the two applications also give mention to the process of TEE attestation in context of a confidential consortium Blockchain framework that would potentially enable more complicated verification systems requiring the consensus of a multiplicity of validation nodes. When for customers working from CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This month, it was declared Microsoft has updated additional characteristics to the product especially people blockchains like ethereum. Tee image via Shutterstock. The leader in blockchain information, CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups greatest. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
...

04:50

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms "IndyWatch Feed Crypto"

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms

Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the governments efforts to pass a law banning the import of bitcoin mining rigs into Vietnam.

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

Mining Rig Imports Stop

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban LoomsBusiness and individuals in Vietnam used to import a large number of crypto mining rigs into the country. Last year, the Customs Department of Ho Chi Minh City (HCMC) cleared more than 7,000 bitcoin and litecoin miners. Meanwhile, the Customs Department of Hanoi imported 190 bitcoin miners a...

04:00

Microsoft Looks to Trusted Computing for Blockchain Security Boost "IndyWatch Feed Crypto"

The phrase "trusted execution environment" is identified in two Microsoft patent applications to be a key component in future blockchain projects.

04:00

Bitcoin (BTC) Technical Analysis: Bitcoin Soaking Gravity before Hitting $15,000 "IndyWatch Feed Crypto"

Regardless of the overall bearish sentiment and the SEC weighing in heavily against Bitcoin, bulls seem to be stable and recovering. Its up five percent and reducing their weekly losses to eight percent as buyers reject prices below $6,000-the upper limit of our support zone. Considering the past two trends, we still hold a bearish position and until we see thrusts above $6,800 and $7,000 to the upside, we recommend shorts on high more so once there is a convincing break below $5,800.

From the News

  • Bitmain, the worlds largest ASIC manufacturer plans on holding an initial public offering, IPO in the coming months. As it prepares to secure funding, details are emerging that the ASIC marker leader and the company behind one of the largest Bitcoin and Bitcoin Cash mining pools holds more than one million Bitcoin Cash estimated at $650 million at current spot prices and $1 billion in acquisition price by end of Q1 2018. Contrary to our expectation, Bitmain owns about 22,000 Bitcoins. At current prices, their Bitcoin holdings stand at $140 million with an acquisition price marked up to $150 million. However, recent statistics shows that their Bitcoin holding is down to 6,700 BTC following their steady liquidation since the beginning of the year.
  • The market is waiting for solid fundamentals before pouncing and riding with the resulting trend. That solid news has to be approval of the Bitcoin ETF by the SEC. Lest we forget, the Bitcoin and crypto market often pans out in similar fashion as other securities. News or even rumors of certain approval would definitely jump start reversal of last weeks losses. On the reverse side, a rejection would have an opposite effect dumping prices to new lows. However, lets get this straight: even if the SEC rejects the VanEck Bitcoin ETF, more ETFs will be up contending for approval and it will just be a matter of time before we get a market propelling nod.

Bitcoin (BTC) Technical Analysis

Weekly Chart

02:23

Rich Dad, Poor Dad Author Is Bullish on Bitcoin, Says USD Is a Scam "IndyWatch Feed Crypto"

Robert Kiyosaki, the author of the famous financial self-help book Rich Dad, Poor Dad, has described the US dollar as a scam, declaring that bitcoin and other cryptocurrencies are currencies of the people that will outlive fiat currency. The Dollar is Toast Speaking with Kim Hughes on the Sane Crypto Podcast in which he excoriated the dollar, Continued

The post Rich Dad, Poor Dad Author Is Bullish on Bitcoin, Says USD Is a Scam appeared first on CCN

02:10

An In-Depth Look at the Cryptocurrency Economys Stablecoin Trend "IndyWatch Feed Crypto"

An In-Depth Look at the Cryptocurrency Economy's 'Stablecoin' Trend

Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD and JPY. Moreover, the past year or so more stablecoins have been entering the crypto-economy, and some individuals think stablecoins are necessary elements for the future of this technology.

Also Read: Wormhole Mainnet and Developers Guide Launched

The Second Bitcoin White Paper Written by JR Willett Unleashes the Stablecoin Idea in 2012

Stablecoins whether you hate them or love them they have become extremely popular over the last two years, and tether (USDT) a digital currency thats issued over the Omni Layer protocol has become a puzzling phenomenon. Asset-pegged cryptocurrencies started being heavily discussed and written about in 2012 in J.R. Willets Mastercoin white paper, and around 2014 the concept really started gaining steam. There have been many attempts to create stable coins that failed miserabl...

02:02

EOS, Litecoin, Stellar Lumens, Tron, IOTA Technical Analysis: Its an Altcoin Black Friday "IndyWatch Feed Crypto"

More often than not, asset prices tend to recover following periods of stretching as the last two weeks demonstrate. In our case, unless we see a recovery in Bitcoin, most coins as Litecoin or EOS for example might extend their losses. Others as Stellar Lumens might be destabilized even after Facebook denying partnership claims. All in all, we remain bearish and unless otherwise, traders should search for selling opportunities in lower time frames.

Lets have a look at the charts:

EOS Technical Analysis

From the News

  • Its just a matter of when. EOSIO blockchain is working as pitched and with zero transaction fees and mainstream companies as Everipedia launching operations straight from the EOSIO blockchain, the network is the most active according to data from Blocktivity. On a normal day though, the network TPS stands at around 3700 but many project new records once Bancor are through with their cross chain communication.

Technical Analysis

Our EOS trade plan is on course and solid. With a week over week drop about 28 percent, EOS prices are edging closer to 2018 lows and bear target at $4 following their strong break out below our intermittent support at $7 last week.

While we expect EOS to damp down their losses and even retest recent highs at $6, still sellers should always unload EOS at every high in lower time frames as laid out in our last EOS technical analysis.

If EOS buyers join in pushing prices above Aug 10 highs and $6, then we should expect to see a retest of $7 in line with the general bear break out pattern. In that case, selling opportunities would be found at retests with stops at $8 and first targets at $4.

Litecoin (LTC) Technical Analysis

...

01:10

Amazon and Starbucks To Accept Bitcoin and Cryptos? (Video) "IndyWatch Feed Crypto"

Amazon and Starbucks To Accept Bitcoin and Cryptos? Video Arcadia Economics Video Source

The post Amazon and Starbucks To Accept Bitcoin and Cryptos? (Video) appeared first on The Daily Coin.

00:45

Not Playing Around: Decentraland to Invest $5 Million in Blockchain Gaming Startups "IndyWatch Feed Crypto"

Decentraland, a decentralized user-owned virtual world on the Ethereum blockchain, plans to invest $5 million to fund blockchain gaming projects built on the Decentraland platform. To this end, it created the Genesis Content Program, through which gaming developers can submit proposals for blockchain games and interactive experiences that can be built on Decentraland. In a Continued

The post Not Playing Around: Decentraland to Invest $5 Million in Blockchain Gaming Startups appeared first on CCN

00:33

Bears for Crypto, Bulls for ICOs: 2018 Market Positive Statistics "IndyWatch Feed Crypto"

ICOs have evolved and are still a big factor in 2018, with statistics showing that the first half of the year has been twice as good as the whole of 2017

00:10

Stablecoins Gaining Popularity in India to Minimize Central Banks Impact "IndyWatch Feed Crypto"

Stablecoins Gaining Popularity in India to Minimize Central Banks Impact

A growing number of cryptocurrency exchanges in India are adding stablecoins such as trueusd (TUSD) and tether (USDT) to their platforms. They are part of the solutions exchanges have come up with in order to minimize the impact of the crypto banking ban imposed by the countrys central bank.

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

Unocoin Adds TUSD

Stablecoins Gaining Popularity in India to Minimize Central Banks ImpactUnocoin, one of Indias largest crypto exchanges, announced on Wednesday the addition of TUSD to its crypto-to-crypto platform, Unodax. An ERC-20 token built on the Trusttoken platform, each TUSD is said to b...

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23:33

Dead Coin Walking: BitConnect Set to Be Delisted from Last Crypto Exchange "IndyWatch Feed Crypto"

BitConnects BCC token is set to be delisted from the last cryptocurrency exchange that still traded it, meaning its about to become a dead coin over a lack of liquidity. Surprisingly, the token still has a market cap of over $6.6 million. First spotted by The Next Web, TradeSatoshi, a little-known cryptocurrency exchange with a Continued

The post Dead Coin Walking: BitConnect Set to Be Delisted from Last Crypto Exchange appeared first on CCN

22:15

Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control "IndyWatch Feed Crypto"

Controversial Internet pirate and bitcoin advocate Kim Dotcom is urging everyone to invest in gold and bitcoin because the U.S. government is adding $1 trillion to its debt every year, which will never be paid. The debt will destroy the U.S. and create a global economic collapse, Dotcom argued in a tweet. 1 TRILLION DOLLARS Continued

The post Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control appeared first on CCN

22:00

Students are Mining Bitcoin in University Dorms, Campuses are Alert "IndyWatch Feed Crypto"

While Bitcoin mining which is the backbone of many public blockchains   is often left to the operators of data centers, some university students have begun to try their hand at running their own, in-dorm mining efforts.

Bitcoin Mining In Unexpected Places University Campuses

Speaking with CNBC journalists, Patrick Cines, a Penn State College graduate, highlighted his foray into cryptocurrency mining while living on campus grounds. The 2017 Penn State graduate stated:

I had basically a box, maybe a foot and a half by a foot and a half tall. It was sitting in, right at the foot of my bed. Had several graphics cards.

While this may have been the computer of a gaming enthusiast living in a cramped dorm room, Cines noted that this was actually a compact cryptocurrency mining rig. He noted that while in operation, this tiny, but powerful machine, was a substantial source of income for a university student with a crammed schedule, as mining farms can be used with a set and forget mindset.

Despite the fact that this side-hustle buffed the students wallet, it wasnt all sunshine and rainbows, as Cines went on to explain in the following statement:

It was unbearable I had fans running, I had the window open. The first day I was living there, went to Home Depot, bought some dryer tubes, strapped them to the front, and used that to push all the hot air outside of my room.

But to Cines, the unbearable heat that became part of his daily life was all worth it, as his rig proved to be much more than a source of passive income. He added that mining shaped his aspirations for the study and development of technology, stating:

[Mining] was my personal introduction to tech and being in the Blockchain space. So I was really excited to just see every single thing that I did afterwards definitely shaped my college career,

Although student miners may be operating in good faith, for university administrators occurrences of on-campus mining might pose to be a financial issue. According to Mike Banic, an executive at cybersecurity firm Vectra, mining may require universities to foot some hefty electricity bills. Banic noted:...

21:20

PRIVATE BLOG The Dollar Rally "IndyWatch Feed Crypto"

PRIVATE BLOG The Dollar Rally

An Overview of Currencies, Gold & Bitcoin



Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.

21:05

Interview: Blockchain Startup Havven Brings EOS its First Stablecoin "IndyWatch Feed Crypto"

Havven, a decentralized payment network and stablecoin, has decided to launch on the EOS blockchain and will airdrop half of its new HAV tokens on the EOS blockchain to existing HAV holders on Ethereum. Havven wants to ensure that the payment networks success does not depend on one blockchain. The Havven/EOSIO partnership was announced at the Continued

The post Interview: Blockchain Startup Havven Brings EOS its First Stablecoin appeared first on CCN

20:20

US Government to Aggressively Pursue Unregulated Services Around the World "IndyWatch Feed Crypto"

Two common complaints among crypto traders are that platforms which didnt before are now demanding identification documents and that more venues close their doors to residents of some countries. While users naturally lash out at the companies, it is important to remember that this is often done under coercion or threat by regulators. The US government, for example, doesnt consider itself bound by national borders in pursuing unregulated services.

Also Read: The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall

The Long Arm of the Law

US Government to Aggressively Pursue Unregulated Services Around the WorldKenneth A. Blanco, Director of the Financial Crimes Enforcement Network (FinCEN), a bureau in the US Treasurys Office of Terrorism and Financial Intelligence, has spoken about his agencys approach to cryptocurrency on Thursday. The main takeaway from his speech to the industry is that the US gov...

20:11

What Does Facebook Execs Departure From Coinbase Board Mean For Crypto? "IndyWatch Feed Crypto"

Facebase mightve been a fictional company name that you heard after David Marcus of Facebook joined Coinbases board, as speculation was rampant regarding the potential for collaboration between the two firms. But for now, it seems that any chance of collaboration between the two companies may be ending, as the executive of the social media firm has just resigned from his spot on the Coinbase board.

Is It Time To Say Goodbye To Facebase and Coinbook?

As per a Business Insider report, David Marcus, a former vice president of Facebook Messenger, has announced that his 8-month tenure on Coinbases board is sadly coming to an end. However, this move didnt come without reason, with a Coinbase representative stating that this move was made to avoid the appearance of a conflict of interest.

What conflict of interest? you may ask.

As NewsBTC reported in May, Facebook launched its first-ever blockchain initiative, removing Marcus from his role at Messenger to become the go-to guy for this new division. Following this announcement, Facebook went quiet, with this unexpected foray into blockchain moving to the back of everyones mind. But with this move, it has become apparent that there may be something exciting in the works, and that it may be time for the Facebook and Coinbase overlap to end.

Speaking with Business Insider via a Facebook representative, Marcus alluded to the conflict of interest, stating:

Because of the new group Im setting up at Facebook around blockchain, Ive decided it was appropriate for me to resign from the Coinbase board Ive been thoroughly impressed by the talent and execution the (Coinbase) team has demonstrated during my tenure, and I wish the team all the success it deserves going forward.

Speculation raged on what could have caused this conflict of interest, with some postulating that Facebook was going to create a platform that rivaled what Coinbase has built up.

But in a separate statement to CNBC, a Facebook spokesperson noted that Marcuss decis...

20:01

Bitcoin Price Intraday Analysis: BTCUSD Undergoes Bullish Correction "IndyWatch Feed Crypto"

The bitcoin price in the past 24 hours has undergone a much-needed bullish correction, rising about $500 since establishing an intraday low around $6,009. In our previous BTC/USD analysis, we were waiting for a bounce back from 6009-fiat to apply our intrarange strategy. As it did, our long position towards 6192-fiat made us a nominal Continued

The post Bitcoin Price Intraday Analysis: BTCUSD Undergoes Bullish Correction appeared first on CCN

19:52

Bitcoin Magazines Week in Review: Getting Creative With Blockchain Solutions "IndyWatch Feed Crypto"

Week in Review

This weeks top stories include two feature interview: one with Kavita Gupta, founding managing partner at ConsenSys Ventures; and another with electronic dance music DJ Justin Blau (aka DJ 3BLAU) who is launching a decentralized music festival. Bitcoiners have begun moving from Twitter to a new instance on Mastodon, the SEC has delayed yet another ETF decision, and some of West Virginias overseas service members may be able to vote using a blockchain-based mobile app this November.

Featured stories by Tanzeel Akhtar, Jimmy Aki, Matthew Breen and Colin Harper  

Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.

ConsenSys Ventures Kavita Gupta Talks Tachyon and India

ConsenSys, the Ethereum production studio based in the U.S., launched ConsenSys Ventures last year selecting Kavita Gupta to run two funds of $50 million and $100 million. Bitcoin Magazine spoke with Gupta to discuss the launch of project Tachyon and the launch of ConsenSys India.

She spoke about their goal to attract a diverse cohort of up to 1518 teams, within the accelerator they are offering three tracks: Blockchain for Social Impact track; the Ethereum Project track; and an Open Source, blockchain-agnostic, grant-driven track. Upon completion of the program, they will have a demo day that will be exclusive to the most prominent angel and venture capital investors with expertise and passion for the blockchain technology. Gupta also discusses their technological focus, how they identify projects and teams and how investments are allocated.

The SEC Is Delaying Another Bitcoin ETF Decision

The SEC appears to be in no hurry to review the pile of Bitcoin ETF filings it has been accumulating over the past year. Not three weeks since postponing its decision on five other Bitcoin ETFs, the SEC has indicated in a public statement that it will be delaying its d...

18:55

Bitcoin Opinion: Long Live The King "IndyWatch Feed Crypto"

If youre wondering how you should treat Bitcoin, as an investment vehicle, allow me to share with you guys my non-expert opinion. End of story, thanks a lot for reading. See you next time. this article shouldnt be taken as financial advisement as it represents my personal opinion and views. I have savings invested in Continued

The post Bitcoin Opinion: Long Live The King appeared first on CCN

18:34

Cryptos See Widespread Green, But Total Market Cap Remains Close to 3-Month Low "IndyWatch Feed Crypto"

The market picture: virtually all top 100 cryptos see green on the day, though total market cap remains close to its 3-month low

18:10

Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume "IndyWatch Feed Crypto"

Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume

Jurisdictions with crypto-friendly legislation or comprehensive regulations in place are leading in terms of exchange-based cryptocurrency trading. According to a new study, however, over the counter and P2P exchange is much more popular in developing nations and countries where non-cash payments are still not widely spread.

Also read: Crypto Funds Number 466 Despite Trends, Uncertainty

Exchange Trade vs OTC Trading

The report produced by financial services provider Worldcore covers data from the months of June and July and uses statistics from a Morgan Stanley study conducted earlier this year to compare two lists of countries one with the top destinations by volume traded on cryptocurrency exchanges, and a second one with those that lead in terms of over the counter (OTC) and peer-to-peer (P2P) trading volumes.

The new study confirms that jurisdictions offering favorable business climate through crypto-friendly legislation as well as those with well-established regulatory frameworks account for a large portion of the exchange-based crypto trade. Malta ($1.2 billion), Belize and Seychelles ($700 million each) are topping the chart with over 2.6 Billion USD of daily trading volume.

...

17:44

$43 Billion Wiped Out of Crypto in 5 Days as Bitcoin Price Rebounds "IndyWatch Feed Crypto"

Over the past 24 hours, Bitcoin, Ethereum, and Bitcoin Cash recovered by around four percent, as the crypto market added $8 billion to its valuation. On August 11, the crypto market lost more than $12 billion of its valuation as major cryptocurrencies recorded large losses. Since then, the market has slightly recovered but the momentum Continued

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16:22

Hodlers Digest, August 5-12: You Cant Actually Buy A Frappucino With Bitcoin, But You Can Ship More Things On Blockchain "IndyWatch Feed Crypto"

This week in the Hodlers Digest, Starbucks corrects media hype you cannot buy your favorite Frapp with BTC and the SEC postpones a BTC ETF decision until this fall

16:17

Crypto Week In Review: SEC Delays Bitcoin ETF, Goldman Sachs Enters Market "IndyWatch Feed Crypto"

Although the past week was rather quiet for the cryptocurrency industry, the price action seen throughout the past few days seems to tell a different story, with Bitcoin trading within a hefty $1,400 range.

SEC Shoots Down VanEck ETF Proposal, Issues 45 Day Delay

On Tuesday afternoon, the SEC released a document revealing that it would be delaying its verdict of the VanEck and SolidX Bitcoin ETF by 45 days. In a two-page document, the American regulatory body highlighted the fact that it was exercising its right to delay such a decision, from the original date of August 16th to September 30th. Despite the fact that the SEC didnt outright deny the proposal, some wary investors saw this of a premature sign of what was to come when the final verdict rolls about.

Jake Chervinsky, an American lawyer active in the cryptosphere, released an insightful tweet regarding his opinions on the ETF and its position with the SEC. Chervinsky, who keeps an ear to the ground in this industry, noted that he expects for the SEC to issue another extension until December 29th. In a tweet in the same thread, the lawyer predicted that if the regulatory body instituted proceedings, that a disapproval of the proposal would be more than likely.

As a result of rampant bearish speculation, the market saw a quick sell-off, with the price of Bitcoin quickly dropping through the key support at $6,800. Altcoins followed closely behind, posting similar losses in terms of percentage. Nonetheless, CNBC crypto analyst Brian Kelly noted that the market reaction to this verdict was irrational, stating:

Weve had this b...

16:13

Americans are the Main Targets for Crypto Hackers, New Study Reveals "IndyWatch Feed Crypto"

A research which studied user data leaks from cryptocurrency exchanges has revealed that Americans are the main targets for cryptocurrency hacks. The study was conducted by Group-IB, a Russian based computer forensics and information security firm, who revealed their findings in a report titled 2018 Cryptocurrency Exchanges-User Accounts Leaks Analysis. The firm revealed that in Continued

The post Americans are the Main Targets for Crypto Hackers, New Study Reveals appeared first on CCN

16:10

Which Cryptocurrency Hardware Wallet is Best for You? "IndyWatch Feed Crypto"

Which Cryptocurrency Hardware Wallet is Best for You?

The number of hardware wallets has proliferated with the number of cryptocurrencies in recent years. Today, consumers enjoy an unprecedented choice of hardware devices on which to store their bitcoin and altcoins, though market-leaders Ledger and Trezor still dominate. For anyone agonizing over the best device for their needs, the following models are worthy of consideration.

Also read: Bitcoins Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Best Portable Wallet: Coolwallet S

While all of the devices featured here are small enough to be portable, only the Coolwallet S is small enough to slip into your wallet alongside your credit cards. A marvel of engineering, its wafer-thin design and e-paper display enables you to check your balance and send and receive BTC, BCH, ETH, LTC, and XRP on the go. The device connects to the Coolbitx mobile app via Bluetooth, obviating the need for a desktop computer altogether. Its slender profile and mobile-friendliness make the Coolwallet S the best of the major hardware devices for choosing and using in everyday life.

...

15:30

Crypto Trading 101: Simple Charting Patterns Explained "IndyWatch Feed Crypto"

Are you good at spotting anomalies in complex problems? Charting just might be for you. CoinDesk offers its basic guide for eager intro traders.

15:16

How Crypto Reacted to This Weeks SEC Bitcoin ETF Delay "IndyWatch Feed Crypto"

This was an expected result for an unexpected time. The news broke on August 7 that the U.S. Securities and Exchange Commission is kicking the can on its own decision to approve or disapprove a proposed rule change that would allow The CBOE BZX Exchange list a bitcoin exchange traded fund. Now, the next deadline for some thing is Sept 30, however finally, the U.S. Securities market regulator may push it forward into 2019. As CoinDesk mentioned previously, if accepted, it could allow for the very first ever listing of a bitcoin Exchange-traded fund in the U.S., made in partnership between investments company VanEck and blockchain startup SolidX.

The two companies filed their proposal back in June. More broadly, the listing could be seen in some areas as an indication of maturation for the cryptocurrency market and probably open the door for investors to gain exposure albeit indirectly to the nascent asset class. Twitter yawns as marketplace yells. The delayed decision was, as articles on social network suggest, widely expected by members of the crypto community. But whilst the collective social network response wasnt far out of a yawn, the marketplace itself responded poorly. According to CoinDesks market evaluation report, the total value of all cryptocurrencies went down to $227.8 billion on Wednesday, the lowest level since Nov 2017.

Bitcoins cost alone fell below $6, 300 after trading over $7, 000 prior to the announcement. Not surprisingly, Twitters crypto ecosystem known for calm. For instance, OKCoin Chief executive officer Star Xu argued that these folks selling at the aftermath were overreacting. The market move led to speculation that the marketplace hadnt priced in which is to say, accounted for the chance of a SEC punt. Others wondered loudly if more nefarious actors were in work amidst the sell off, alleging manipulations in the aftermath of the announcement.

No worries here? . Some observers took a glass half complete view of the information, looking at the decision delay as a net positive. Indeed, some argued that the SECs deliberative procedure around the bitcoin ETF indicates that theyre taking the issue seriously.

Finally, as was the case for many decades now, the cryptocurrency community may have to wait to find out if the U.S. Will see the listing of a bitcoin ETF. Cryptocurrency Exchange-traded fund photo illustration via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
...

14:58

Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity "IndyWatch Feed Crypto"

Regulations Round-Up: Central Bank-Issued Digital Currencies, Regulatory Clarity

In recent regulatory news, Spains Central bank has issued a report favoring the development of a central bank-issued digital currency (CBDC), the president of Taiwans central bank has advocated caution regarding CBDCs, the Blockchain Research Institute has published a summary of recent roundtable discussions calling for great regulatory clarity, and a Russian court has a warned a publishing company for breaching advertising legislation with an ad pertaining to cryptocurrencies.

Also Read: Brazils Pro Bitcoin Presidential Candidate: Boa Pra Caramba!

Spanish Central Bank Report Favors Central Bank-Issued Digital Currency

Spains central bank, Banco de Espana, recently published a report that seeks to consider the potential impacts that cryptocurrency and distributed ledger technology may have upon the Spanish economy.

The report advocates that the introduction of a central bank-issued digital currency would allow Banco de Espana to more efficiently implement monetary policy, stating: An argument that could be considered at the time of assessing the introduction of CBDC is related to the improvement in the conduction of monetary policy through a better control in the market returns that savers and borrowers have to face. Also, the possibility of eliminating the restrictions asso...

14:30

How Crypto Reacted to This Week's SEC Bitcoin ETF Delay "IndyWatch Feed Crypto"

While the market didn't like the SEC's bitcoin ETF delay decision, observers on social media weren't surprised at all.

14:12

Ethereum Classics Comeback, Bitmains $18 Billion IPO, and Goldmans Bear Tear: This Week in Crypto "IndyWatch Feed Crypto"

Make sure you check out our previous edition here, now lets go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify or wherever you get your podcasts. Price Watch: The bitcoin price is down 12% this week following a loss of 15% last week. Bitcoin had been hovering around Continued

The post Ethereum Classics Comeback, Bitmains $18 Billion IPO, and Goldmans Bear Tear: This Week in Crypto appeared first on CCN

13:36

Creative Industries to Become Part of Zeepins Platform Following Its August Mainnet Launch "IndyWatch Feed Crypto"

In partnership with NEO and Ontology, Shanghai-based company Zeepin has been working on the development of its unique ecosystem. The companys mission is to enable economic empowerment for businesses in the creative industries and explore the potential for blockchain use among them by conducting research and engaging creatives on the Zeepin chain. While its initial appearance may sound complex and vague, lets dig into the whole of Zeepin and its dApps initiatives.

In the creative industry, the complexities of dealing with the legal protection of digital property rights, the establishment of trust transactions and finding like-minded team members may go beyond imagination. It is probably creatives who are the most vulnerable to dealing with unavoidable legal paperwork when bringing their ideas to life.

Zeepins team delivers blockchain-based support to innovators to boost economic empowerment of creatives related businesses. The idea is to provide support for innovators from idea inception to fully working project, solving issues related to project financing, protection of copyright, partnerships, remote cooperation, and recruitment. The blockchain will connect creative content with people in need of creative ideas channeled via embedded smart contracts. All of this is strived to be achieved via Zeepin dApps such as ZeeRights, ZeeCreate, ZeeTalent, ZeeFund, ZeeProof, and ZeeSure.  First few dApps will be released on Zeepin Platform after the mainnet launch.

It was little over a year ago when dApps   decentralized, open-source web applications that leverage on the blockchain technology, became a disruptor. On the Zeepin chain, dApps functionality will be enabled by t...

12:40

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall "IndyWatch Feed Crypto"

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall

In this weeks daily editions of Bitcoin in Brief we reported about Coinbase increasing trading limits, Shapeshift acquiring Bitfract, Okex launching a white label platform called Coinall, and much more. The most commented-on article during the week covered the Rich Dad, Poor Dad author, Robert Kiyosaki, which came out in favor of cryptocurrencies.

Also Read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users

New Education Centers

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches CoinallA number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency were featured on...

12:37

Audit Giant Intuit Gains Patent for Bitcoin Transactions over Text Messages "IndyWatch Feed Crypto"

Intuit has been granted a patent that describes a method whereby Bitcoin payments can be processed by using text messages. The patent was filed to the U.S. Patent Office on June 13, 2014. The application explained a system that would allow two users to complete their payments using their mobile phones. It would also include Continued

The post Audit Giant Intuit Gains Patent for Bitcoin Transactions over Text Messages appeared first on CCN

10:57

Major Crypto Exchange KuCoin Hong Kong Offices are Empty "IndyWatch Feed Crypto"

In a recent Medium post by Hong Kong independent journalist Jackson Wong, the reliability and safety of KuCoin as a crypto exchange was called into question.  In the report, titled WARNING: KuCoins Hong Kong office is empty. Be extremely cautious about depositing money into this exchange, the reporter expressed his concerns that popular crypto exchange KuCoin could be pulling an exit scam as their Hong Kong offices are empty.

Long Held Suspicious Regarding KuCoin

Wong began his report by recapping his previous concerns about the KuCoin exchange, discussing that he feared they would become illiquid during the next crypto crackdown by the Chinese government.  He claimed that the exchange apparently survived the hit by staying under the radar.

Wong then went on to discuss that he feels that KuCoin has always been suspicious because it was home-grown in Hong Kong. Wong claimed that within the Hong Kong community he has never heard of the exchange, and that if they were ever based there that the Securities and Futures Commission of Hong Kong (SFC) would have already taken actions to suspend trading on the exchange.

In addition to the fact that the exchange has apparently avoided persecution by regulatory agencies, Wong added that he has never seen any local news reports or promotions about the exchange in Hong Kong. He also called into question the KuCoin team, saying that none of their directors have Hong Kong names nor do any one of them reside in Hong Kong, and that For Chinese nationals to live in Hong Kong, they actually need either a working visa or to apply for a citizenship of Hong Kong.

Wong Visited the So-Called KuCoin Offices

At this point, the claims against the Hong Kong based exchange can only be defined as anecdotal, so Wong visited the registered address of the KuCoin headquarters, which listed the company as being located in offices in the Kiu Fu Commercial Building on the 20th floor.

When looking at the directory board of the building, the only offices located on the 20th floor is a company called Rich Moral CPA and Smart Team International Consultants. Wong emphasizes that he didnt see KuCoin listed anywhere on the directory board.  Wong also importantly noted that KuCoin used to be listed under a secretarial company called Smart Team Secretarial Ltd,...

10:01

Blockchain Music Startup Raises $5.5 Million in Series A Funding "IndyWatch Feed Crypto"

Audius, a decentralised, community-owned music sharing platform billed as the blockchains answer to Soundcloud has announced the successful completion of a $5.5 million Series A funding round as it launches the worlds first ever blockchain-based music sharing protocol. Made on August 8, 2018, the announcement revealed that the funding round was led by General Catalyst and Continued

The post Blockchain Music Startup Raises $5.5 Million in Series A Funding appeared first on CCN

08:50

Bitcoins Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash "IndyWatch Feed Crypto"

Bitcoins Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Developer Gabriel Cardona was personally recruited to fast track development of Bitcoin Cash (BCH). Open source, full featured development kit, Bitbox, his creation, has taken the community by storm, and it is now part of the Bitcoin.com developer universe. Money, Mr. Cardona likes to say, is critical to the human condition. And BCH and its blockchain are enabling financial sovereignty in a way which, he believes, is unique in history.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Developer Gabriel Cardona Seeks a Path to Change the World Through Bitcoin Cash

This week, developer Gabriel Cardona was guest for a full hour on the Vin Armani Show. At about the one hour and eight minute mark, Mr. Cardona began to lay out reasoning behind the burst of innovation in development on the Bitcoin Cash blockchain.

With hotshot initial coin offerings ringing-in billions, venture capitalists pouring money into project after project, and nearly all crypto talk dominated by speculative price analysis, idealism is hardly ever mentioned. There is almost a sense of innocence lost, having given way to strange corporate realism. When idealism is employed, derision and condescension arent too far behind nowadays. Mr. Cardona, however, champions bitcoin cash as the soundest money the world has ever known. As a developer you can make it available to all people, whatever their age, gender, nationality or financial status, he explained to Vin Armani, founder of ...

07:28

Bitcoin Price Weekly Analysis: BTC/USD Could Correct Above $6,400 "IndyWatch Feed Crypto"

Key Points

  • Bitcoin price is slowly recovering slowly and steadily above the $6,100 level against the US Dollar.
  • There was a break above a key bearish trend line with resistance at $6,220 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair must stay above the $6,100 level to stay in the positive zone and recover higher.

Bitcoin price declined heavily below $6,500 against the US Dollar. BTC/USD found support near $6,000 and is currently attempting an upside correction.

Bitcoin Price Resistance

This past week, there were heavy losses in bitcoin price from well above the $7,100 level against the US Dollar. The BTC/USD pair fell and broke many supports like $7,000, $6,830, $6,500 and $6,200. The price tested the $6,000 support zone where buyers appeared. A low was formed at $5,982 and later the price started an upside correction towards the $6,500 level.

It broke the 23.6% Fib retracement level of the last major drop from the $7,155 high to $5,982 low. More importantly, there was a break above a key bearish trend line with resistance at $6,220 on the 4-hours chart of the BTC/USD pair. However, the upside was capped by the $6,450 level. The 38.2% Fib retracement level of the last major drop from the $7,155 high to $5,982 low also acted as a resistance. At the moment, the price is currently testing the broken trend line and is finding bids above $6,200. BTC price could bounce back and it could accelerate gains above the $6,400 and $6,500 levels.

Bitcoin Price Weekly Analysis BTC

Looking at the chart, BTC price is showing a few positive signs above $6,100. However, it must clear the $6,400 and $6,500 levels to stage a decent recovery.

Looking at the technical indicators:

...

06:09

Cryptocurrency Private v Public "IndyWatch Feed Crypto"

QUESTION: Dear Marty:
I have been reading you for over a decade. I notice a change in your attitude towards Bitcoin/Crypto. Initially, you were completely against it, now you seem to be neutral. Has something changed? We now have Futures, CBOE is coming out with an ETF, every major bank is thinking of entering the space. The G20 will soon come out with a supportive statement.
Thank you,
YA

ANSWER: No. I regard this as an ASSET CLASS for trading. That is distinct and separate from the claim it is a currency. Even Hyun Song Shin, the economic advisor and research director of the Swiss-based Bank for International Settlements (BIS), told Bloomberg that Bitcoin and other cryptocurrencies are far from maintaining a monetary system and just pretend to be real currencies . On that score, he is absolutely correct. This is like expecting Recep Tayyip Erdoan of Turkey to stand up and say he is wrong and his policies have been disastrous for Turkey and he will put the good of the nation before himself, or the same in Venezuela, or the religious leadership in Iran. Currencies move into hyperinflation NOT because of the rise in the quantity, but because of the collapse in CONFIDENCE, that then forces the increase in the quantity of money to pay the bills. I suppose its the question which came first? The chicken or the egg?

You have to separate reality from fiction. That does not mean that Bitcoin is not an asset class. It just is not a currency that has any real footing within the economy. So there is NO POSSIBLE WAY any government will allow a PRIVATE cryptocurrency to replace a national currency. That will NEVER happen. However, I have previously stated that governments want to ELIMINATE cash for tax reasons. Only about 4% of transactions today are in paper currency, to begin with. The bulk of our monetary system is already digital currency that does not ex...

06:08

Ethereum Price Weekly Analysis: ETH/USD Recovery Remains Capped "IndyWatch Feed Crypto"

Key Highlights

  • ETH price declined heavily and it almost tested the $300 support area against the US Dollar.
  • There is a connecting bearish trend line formed with resistance at $330 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair has to move past $330 and $340 resistances to recover further in the near term.

Ethereum price tumbled and declined heavily versus the US Dollar and Bitcoin. ETH/USD remains in a bearish zone as long as it is below $400.

Ethereum Price Decline

This past week, there were heavy losses noted in ETH price once it broke the $400 level against the US Dollar. The ETH/USD pair declined sharply and broke many supports such as $380, $350 and $320. The price is now well below the $340 level and the 100 simple moving average (4-hours). On the upside, an initial resistance is around the $330 level and $335 zone.

Moreover, the 23.6% fib retracement level of the last drop from the $410 high to $304 low is also a crucial barrier. Above this, there is a connecting bearish trend line formed with resistance at $330 on the 4-hours chart of ETH/USD. A push above the trend line resistance could push the price above the $344 level. The next resistance is the 50% fib retracement level of the last drop from the $410 high to $304 low at $357. Therefore, it seems like there are many barriers on the upside near the $340 and $360 zone.

Ethereum Price Weekly Analysis ETH USD

The above chart indicates that ETH price is under a lot of pressure below $340. However, a close above the trend line and $357 could clear the path for more gains. On the flip side, a break below the $304 low may well take price below the $300 and $280 levels in the near term.

4-hours MACD The MACD is mostly placed in a bearish zone.

...

02:45

Brazils Pro Bitcoin Presidential Candidate: Boa Pra Caramba! "IndyWatch Feed Crypto"

Brazil's Pro Bitcoin Presidential Candidate: Boa Pra Caramba!

Boa Pra Caramba! roughly translated means amazing in Brazilian Portuguese. Regional Bitcoiners might be using the expression more these days after Brazil New Party presidential candidate Joo Amodo came out recently as very pro-bitcoin. Mr. Amodo is heading into a contentious election this October. In an interview, when asked about cryptocurrencies such as bitcoin, he thought it was neither a threat to his countrys financial system, and that it comes with certain advantages.

Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots

Pro Bitcoin Joo Amodo is a Candidate for President in Brazil

Joo Amodo is running for President of Brazil. He agreed to a recent interview with a regional news outlet, Portal Do Bitcoin. In it, the candidate spoke with some savvy about cryptocurrency, blockchain, and bitcoin, which politicians arent always known to do. He also seems to largely approve of the innovations crypto provides.

I see the blockchain as a protocol that increases the reliability and integrity of the data, Mr. Amodo, 55 explained. There are obvious applications, such as for interbank transfers or to register as a notary. Another, not so commented, is to use the blockchain to follow the productive chain of products. No matter how much ANVISA strives, it could hardly find out where they put cardboard in the meat. With the blockchain, this would not be a problem. We could follow ev...

01:54

Bitcoin Cash Chain-Splitting Bug was Detected by Bitcoin Core Dev. "IndyWatch Feed Crypto"

It has emerged that the unknown person who notified Bitcoin ABC developers of a vulnerability in Bitcoin Cash which would have resulted in the unintended split of the altcoins network is actually a Bitcoin Core (bitcoins primary software implementation) developer. In a Medium blog post, Corey Fields revealed that he was responsible for anonymously and

The post Bitcoin Cash Chain-Splitting Bug was Detected by Bitcoin Core Dev. appeared first on CCN

01:50

Defence Research and Development Canada Report: Potential Applications of Blockchain Technology in Tactical Networks "IndyWatch Feed Crypto"

Awareness of blockchain has soared in recent years with the emergence of cryptocurrencies, but the technology has existed for much longer. The linking of blocks, containing cryptographic functions of transactions and data, means that tampering with their contents becomes increasingly difficult as the chain grows this concept was exploited for document timestamping applications more than a decade before cryptocurrencies became reality. In many implementations, blocks are confirmed by, and stored at, many nodes in different locations, providing a high degree of data integrity. There are, however, many challenges for applying blockchain technologies in tactical networks, particularly due to the constraints of the platforms, the limited bandwidth available among them, and the impact of network partitioning. In this report, the development and principles of blockchains are presented, along with an overview of their weaknesses and vulnerabilities. There is a huge level of interest in this technology across many sectors, and this is reflected in the breadth of the referenced material. Weaknesses in design and implementation can make blockchains vulnerable to attack, and their interfaces are particularly at risk. A range of possible applications in tactical networks is explored, from supply chain management, to network management and application data immutability. Finally, a simple blockchain architecture for mobile tactical networks is developed, to illustrate the potential and challenges of this technology. Overall, it is clear that blockchain technology provides a potential avenue for solving some problems in the tactical network context, but it is not yet clear whether it is the best such solution.

The key feature of blockchain technology is data integrity in a trustless environment: transaction or data records included on the blockchain are timestamped, cryptographically protected and stored by many distributed nodes, reducing the risk of total loss. For a sufficiently long blockchain, with a large number of nodes, the records can be considered immutable, in the sense that any tampering will be evident. This integrity can be exploited in different ways to enhance the robustness and resilience of tactical networks, and some of these are discussed in Section 5.1.

Smart contracts, described in Section 3.2, also provide opportunities for robust resource management in tactical networks, particularly in complex operational conditions where many users interact in the electromagnetic (EM) spectrum. Possible applications of blockchain to resource management are discussed in Section 5.2.

Tactical environments pose particular challenges for the introduction of blockchain technology, as devices are constrained in size, weight and power, and there are physical limitations on node connectivity. These challenges are considered in Section 5.3.

...

01:45

Study: Crypto Funds Number 466 Despite Trends, Uncertainty "IndyWatch Feed Crypto"

Study: Crypto Funds Number 446 Despite Trends, Uncertainty

The number of crypto hedge and venture capital funds is increasing at a fast pace this year, already reaching a total of 466, despite the bearish market trend and continuing regulatory uncertainty. 96 new funds have been founded by the end of July, according to a new study whose authors believe this years number will exceed the record 156 launched in 2017.

Also read: BTC via SMS Patented, Brave BAT Tips for Tweets and Posts

96 New Crypto Funds Founded In 2018

In a year of falling prices across the board, stubborn bearish market trend and persistent regulatory uncertainty, one would think this might not be the best time to deep dive into crypto. Some, however, see opportunities. Recently released data shows that 96 new crypto hedge and venture capital funds have been founded through July 31, this year.

Study: Crypto Funds Number 446 Despite Trends, Uncertainty

According...

00:04

Keep Your Hands Off Cryptocurrency, Economist Tells World Governments "IndyWatch Feed Crypto"

Prominent economist and editorial director of the American Institute for Economic Research (AEIR), Jeffrey Tucker, has urged governments and central banks around the world to let go of the idea of creating state-backed cryptocurrencies and instead focus on the soundness of the fiat system and the banking system. Leave Crypto Alone In an editorial published

The post Keep Your Hands Off Cryptocurrency, Economist Tells World Governments appeared first on CCN

Saturday, 11 August

23:45

Markets Update: Crypto Prices Consolidate After Some Volatility "IndyWatch Feed Crypto"

Markets Update: Crypto Prices Consolidate After Some Volatility

Cryptocurrencies markets have been volatile and very indecisive over the last 48-hours as the entire digital asset economy lost billions in value since US regulators postponed their decision concerning the Cboe/Vaneck BTC-based exchange-traded fund (ETF) last week. This Saturday, August 11, during the afternoons digital currency trading sessions (EDT), cryptocurrency trade volumes and price values are seeing some slight recovery.

Also Read: Wormhole Mainnet and Developers Guide Launched

Saturday Trading Sessions Show Some Market Rebounds

At the moment a vast number of digital assets have rebounded back a hair after being smashed down by bearish forces over the last two days. At the time of writing the entire cryptocurrency economy is valued at $219B and theres been $13.5B worth of digital assets traded over the last day. The top cryptocurrency market capitalizations are seeing some recovery after dropping very low during the early morning trading sessions. For instance, bitcoin core dipped to a low of $6,062 this morning, but around 1 pm EDT BTC/USD market valued pumped back up to a high of $6,494 per coin. However, most coins besides BTC have lost significantly more and BTCs market dominance among all 1,600+ capitalizations has crossed the 50 percent region.

Bitcoin Core (BTC) Market Action

At the time of publication, the price of bitcoin core (BTC) per coin is roughly $6,390 on Bi...

22:47

Yale: Every Portfolio Should Have Crypto, Method Used by Billionaire Investors "IndyWatch Feed Crypto"

Yale economist Aleh Tsyvinski, who has taught economics at the prestigious Yale university for many years, has said that every investor who believes bitcoin can perform as well as it did in 2017 should invest at least six percent of their holdings in crypto. If you as an investor believe that bitcoin will perform as

The post Yale: Every Portfolio Should Have Crypto, Method Used by Billionaire Investors appeared first on CCN

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