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Sunday, 14 October

04:15

An In-Depth Look at the Keepkey Cryptocurrency Hardware Wallet Bitcoin News

Keeping cryptocurrencies safe is a fundamental part of participating in the digital economy, and hardware wallets have become popular security solutions. These days there is a slew of devices on the market, each with its own options and features. One of these is the Keepkey wallet, a product thats been well received by digital currency investors over the last three years.

Also read: A Review of the Swiss-Made Digital Bitbox Hardware Wallet

The Keepkey Hardware Wallet

Testing and Comparing the Multi-Cryptocurrency Hardware Wallet KeepkeyEarlier this week I took a look at the Keepkey hardware wallet, a device that allows users to store multiple cryptocurrencies in a secure fashion. Keepkey is sold for US$129 per device, which is more expensive than the Ledger Nano, Coolwallet S, and...

03:30

Unconfirmed: TRON to Partner with Chinas Google, Baidu Cointelegraph.com News

News service Coinness claims that crypto platform TRON is about to partner with Chinas Internet giant Baidu, citing private correspondence with the formers team

02:40

GDPR is Kryptonite to Google and Facebook, Brave Executive Tells EU News CCN

Brave Browser has described how a core principle of GDPR called Purpose Limitation can be used to prevent anti-competitive behavior by Google and Facebook. In a recent letter to the EU Anti-Trust Chief Margrethe Vestager, the company offered its submission on the topic of shaping competition policy in the era of digitization. PURPOSE LIMITATION TO

The post GDPR is Kryptonite to Google and Facebook, Brave Executive Tells EU appeared first on CCN

02:00

Wendy McElroy: The Double C-Word in the Private Sector Bitcoin News

The Double C Word in the Private Sector

The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 2
The Double C-Word in the Private Sector

The first rule of the politics of fear is that if you want to make something sound scarier than it actually is, you add the word culture at the end of it.  Brendan ONeill

Crypto culture is under attack by a theory that has been shaping society since before the term existed.

Crypto culture refers to the socially transmitted behavior, beliefs, and institutions that characterize the cryptocurrency community. The theory is epitomized by the slogan the personal is political.

This slogan yanks off the door separating the personal and political, the private and public spheres. When closed and locked, the door protects peaceful individuals from interference by so-called trusted third parties, primarily the state. The protection is known by different terms: individual rights, a persons home is his castle, society versus the state, and personal freedom. When the door is removed, however, only the political sphere remains. Without constraint, the trusted third party problem entangles itself into most personal decisions, and pervasively so. The state dictates the details of daily life, down to the food that grocery stores may sell you.

The extent of the political spheres domination is apparent with regard to lifestyle beliefs that used to be personal choices but now are legally punishable. Why? Because they are politically wrong. The refusal to associate with homosexuals or other marginalized groups is an example. The trusted thi...

01:02

Rosensteins Refusal to Testify Signals Guilty?, 2407 "IndyWatch Feed Economics"

This is a paid sponsorship by: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. Good evening, Im still reporting on: Rosensteins Refusal to Testify Signals Guilty?, 2407 Synopsis: Yesterday, Deputy Attorney General Rod Rosenstein refused to obey a Congressional subpoena to testify again under oath and penalty of perjury. President Trump yesterday said he was surprised at Rosensteins refusal in the light of a recent conversation the President had with Rosenstein concerning allegations that he was actively trying to depose the president. Fox News legal analyst Gregg Jarrett says that Rosenstein actions are those of someone trying to hide something and Congress can and should go to a federal judge and have Rosenstein arrested and brought in for involuntary questioning. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Patriot Charger.com, 1-866-566-8930 -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https...

01:01

Kanye Bashes Left Mob From the Oval Office, 2405 "IndyWatch Feed Economics"

This is a paid sponsorship by: - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell Good evening, Im still reporting on: Conway Bashes Left Mob From the Oval Office, 2405 Synopsis: Super-rapper Conway West blistered the far left mob from the oval office yesterday. And thats what they really are the mob. They can no longer operate by the civil argument process that has maintained our democratic republic for the last 242 years. Their only remaining hope of regaining power is by threats, intimidation and outright violence. Tucker Carlson backed up Conways performance at President Trumps Oval Office desk last night. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Patriot Charger.com, 1-866-566-8930 -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.c...

01:00

Diamond & Silk Blast the Mob, 2406 "IndyWatch Feed Economics"

This is a paid sponsorship by: -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill Good evening, Im still reporting on: Diamond & Silk Blast the Mob, 2406 Synopsis: Ever since Diamond & Silk became regulars on Fox, they have sort of lost their edge. But not this time. Even Silk the quieter one who usually sits on the right totally cuts loose against the mob. I just wish that every person in this country and around the world could view this 3 minutes with Diamond & Silk. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Patriot Charger.com, 1-866-566-8930 -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor...

01:00

Bitcoin Opinion: This is the Quiet Before The Storm News CCN

bitcoin calm before the stormThe air feels different during the autumn, which is around the corner here in the northern hemisphere. I must admit, I really enjoy walking down the street when its covered in colorful leaves. Cant really say why, but it has always been one of those guilty pleasures of mine. Now, more than ever, due to

The post Bitcoin Opinion: This is the Quiet Before The Storm appeared first on CCN

00:50

Trump Let the Senate Decide on Declassification, 2403 "IndyWatch Feed Economics"

This is a paid sponsorship by: - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com Good evening, Im still reporting on: Trump Let the Senate Decide on Declassification, 2403 Synopsis: Last night late night anchor Shannon Bream a Liberty University graduate snared a surprise live telephone interview with President Trump. Bream, who is wayyyy underrated in our opinion, did a great job at questioning the President. Early on, she elicits an amazing response from the President regarding whether he will de-classify documents which Rod Rosenstein and company do not want to be made public. The excuse the coup plotters always use in stonewalling declassification is that it would reveal the darkest secret of them all a secret so secret that only the intelligence community of Tahiti has not heard this unless they stumble upon the Wikipedia entry for Five Eyes. So here is the secret. The U.S. is involved in an intelligence alliance with Australia, Canada, New Zealand, and the United Kingdom, knows as the Five Eyes. These five countries share SIGINT or signals intelligence among each other in a way that circumvents various privacy laws established in the 5 nations. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius. Learn To Profit Everyday In the markets! Click Here - http://www.tradegenius.co - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Tim...

00:31

YouTube Demonetizes 4 year old Video, 2404 "IndyWatch Feed Economics"

This is a paid sponsorship by: Patriot Charger.com, 1-866-566-8930 Good evening, Im still reporting on: YouTube Demonetizes 4 year old Video, 2404 Synopsis: SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius. Learn To Profit Everyday In the markets! Click Here - http://www.tradegenius.co - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/YKMqjava18w

00:10

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms Bitcoin News

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

A French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could also face jail time.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

UBS Wants Money Laundering Charge Dropped

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine LoomsThe tax fraud and money laundering trial in France of UBS Group AG and its executives began last week after seven years of investigation.

The largest bank in Switzerland with offices in over 50 countries has asked for the French constitutional court to drop money laundering charges and limit proc...

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Saturday, 13 October

23:46

Bitfinex Banking Scares Continue, Bitcoin Premium Skyrockets, Tether Dumps NewsBTC

Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isnt exempt from this scrutiny, as a few too many controversies have rocked the Hong Kong-based startup over its near-six-year history. Reports suggest that the next scandal is brewing as we speak, leaving traders wondering whats next for Bitfinex?

Bitfinex Opens Account With HSBC, Fiat Deposits Remain Closed

Per insider knowledge, as relayed by Bloomberg, Noble Bank, a Puerto Rican financial services provider, dropped clients in early-October as it ran into harsh financial issues. Although this news slid under the radar of legacy market investors, many in the tight-knit crypto community were shocked when sources divulged that Noble had lost the business of Bitfinex and Tether.

While this news may have been run-of-the-mill for any other established crypto platform, like Coinbase or Gemini, the fact that Bitfinex lost its primary banking partner for the umpteenth time left many scratching their heads. Throughout the platforms relatively short history, the firms finances have been thrown around like a hot potato, as the banking partners the exchange has sought havent felt comfortable associating themselves with Bitfinex.

The exchanges tumultuous history hasnt gone unnoticed, as many well-versed crypto traders have outlined their apparent hate towards Bitfinex on a few too many occasions. Nobles situation was no different, of course, with many immediately taking to Twitter to claim that Bitfinex was on the verge of financial disrepair. Seeing that Euro, Japanese Yen, and Great British Pound deposits were disabled after the Noble Bank news broke, the semblance of a price premium started to form, with Bitcoin trading a smidge higher on Bitfinex in comparison to the other foremost platforms.

In a scramble to secure a banking relationship, as spotted by The Blocks Larry Cermak on Saturday, the startup seemingly secured a business account with HSBC, the worlds 7th largest bank, under a shell account. As later clarified by The Block, however, Bitfinexs stint as a client of HSBC didnt pan out, as the exchange had to shut down 100% of its fiat deposits on Thursday.

This fueled rumors of Bitfinexs financial insolvency even further, causing thousands of users to liquidate their Bitfinex f...

23:44

Major Auction House Christies to Integrate Blockchain Technology for Art Sales News CCN

Christies, a leading art business based in the United States is collaborating with Artory, a highly reputed independent digital registry for the art industry, to register the sales of artworks on the blockchain, according to a press release by Christies on October 11, 2018. As stated in its press release, the leading art auction house

The post Major Auction House Christies to Integrate Blockchain Technology for Art Sales appeared first on CCN

22:29

Monero Developers New Startup is Launching a Free Blockchain University News CCN

monero mining malwareSouth African blockchain startup Tari Labs has unveiled a free online university that makes training accessible to local and international blockchain developers. Tari was developed and launched earlier this year by local blockchain expert and Monero promoter Riccardo Spagni alongside American investors, Naiveen Jain and Dan Teree. Reasoning Behind New Project Tari particularly aims to readdress

The post Monero Developers New Startup is Launching a Free Blockchain University appeared first on CCN

21:48

Barry Silbert: Not Bullish on ICO, How Wall Street Really Thinks About Bitcoin NewsBTC

Crypto venture capitalist Barry Silbert said that he is not bullish on the projects raising funds via Initial Coin Offering, or ICO.

The Digital Currency Group founder told Forbes that he philosophically supported the idea of disintermediating funding process but yet found it uncompelling from the point of view of purpose, capability, legality, and valuation.

Utility Token Sales are Senseless

Silbert spoke as an investor whose company is always on a lookout for the most potential blockchain projects. Giving his experience in coming before projects that, according to his opinion, served no practical purpose in the real world, Silbert admitted that they were attempting to tokenize projects that didnt need tokenization.

To us [investors], buying tokens for utility does not make sense, especially when its adding friction to a product that didnt need a token at the first place, said Silbert while instancing projects that sold tokens to purchase gaming products, to raise capital for tweaking services like Uber with decentralization and whatnot.

Silbert also doubted whether the teams behind most of the ICO projects had the capability of delivering on to their vision. Saying that it takes ten years mostly for an idea to either succeed or fail, he discussed the need to verify these ICO teams for their past performances, that have they ever demonstrated success in all their professional careers or not. Silbert coupled his concerns with the valuation of most of the ICO projects, saying their expectations are mostly unreasonable.

The idea that somebody can put up a whitepaper put up a website and go raise money from the masses, it goes against everything Ive come to see working in the US,  he said.

Token Regulation

In the wake of the Securities and Exchange Commissions mounting crackdown on the token issuance bodies, Silbert that believed that the US regulator is only after the protection of investors. He said he has already visited Washington DC more than 100 times to meet lawmakers and SEC officials, but they are still equating tokens with securities in absence of a concrete crypto law, which also proves why utility tokens will not make an ideal investment.

Ultimately, the whole ICO market is going to go away or it will be going to evolve, Silbert predicted after processing the legal factors. Utility tokens, in long-term, will not have any appreciation barring their use in projects related to commodities or natural gas or copper. They are not a good investment.

The statements come at a time when more than 90 percent of ICO projects launched in...

20:55

The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social Media Bitcoin News

Todays installment of The Daily is about building more than bickering, though well squeeze in a little of the latter before we sign off. First though, lets start by considering the latest projects being proposed within the crypto space: a tokenized security platform and a social media network that doesnt leak data.

Also read: South Koreas Largest Crypto Exchange Sold to Singapore-Based Consortium

Nasdaq Plots Tokenized Security Platform

The Daily: Nasdaq Eyes Security Tokens, Blockstack Tackles Social MediaIts being reported that Nasdaq, the giant U.S. exchange operator, is plotting a new platform dedicated to tokenized securities. The move would enable projects to offer STOs in a regulated environment so as to accord to U.S. law. As popularity f...

20:02

Tron, Augur Surge 5% Ahead of Major Upgrades, is $5,800 Imminent For Bitcoin? News CCN

bitcoin priceWhile Bitcoin (BTC) remains bear biased, Tron (TRX) and Augur (REP) recorded solid 5 percent gains against both BTC and the US dollar. The volume of Bitcoin has failed to recover from the low $3 billion region, down more than 30 percent since late September. Subsequent to falling by around 4 percent from $6,600 to

The post Tron, Augur Surge 5% Ahead of Major Upgrades, is $5,800 Imminent For Bitcoin? appeared first on CCN

19:30

Not Everyone Wants to Fix Bitcoin's 'Time Warp Attack'  Here's Why CoinDesk

A bit of a debate has revved up about bitcoin's "time warp attack" and whether it's an exploit or an unintended advantage.

17:15

Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm Bitcoin News

Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm

A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.

Also read: Funny New Advert Shows Bitcoin Is on Googles Mind

Unfortunate Victim of Sophisticated Fraud

Its most unfortunate that she was victim of such a sophisticated fraud, judge Orr is quoted as saying, when she handed down her decision. However, she added that Its up to the bitcoin purchaser to know what theyre doing.

Scam Victim Loses $48,000 Claim Against Canadian Bitcoin ATM Firm

The woman, unnamed for security reasons, deposited 62,500 Canadian dollars into a bitcoin automated teller machine believing she owed taxes. It was a fraud. A man claiming to represent the Canada Revenue Agency called her, threatening the new immigrant with arrest and deportation for tax default.

According to a report by CBC News, the case centered on who legally owned the money she deposited in...

13:30

Cryptocurrency Market Update: Tron Pumps Again on Industry Giant Partnership Teaser NewsBTC

FOMO Moments

Markets are still low this weekend; Tron gripped by fomo, XRP also recovering.

Crypto markets are still very depressed as we enter the weekend. There has been no recovery from the mid-week dump which resulted in the loss of $20 billion from digital currencies. Total market capitalization is hovering just above $200 billion at the time of writing and remains close to its lowest level for a year.

Bitcoin bulls are still sleeping this Saturday as BTC remains at $6,280 showing zero movement over the past day. Ethereum has gained a little but is also extremely weak trading at just below $200 in Asia this morning.

Altcoins are predominantly green at the moment but this is no surprise considering the huge dump they all made over the past few days. The top ten shows XRP making the biggest recovery right now, adding 7% back to its value and trading at $0.419. Litecoin is second with a 5% rise to take it back to $54. The rest are making around 2-4 percent at the time of writing.

The top twenty is seeing more movement with Tron trading double digits higher today adding 11% to bring TRX prices up to $0.0235. Tron has regained all losses in the recent dump and is back to its last weekend level. Justin Suns marketing machine keeps pumping out those fomo inducing tweets which are currently driving momentum;

...

13:00

Litecoin Price Analysis: Gemini Announce Litecoin Support, Boost Bulls NewsBTC

Despite Gemini support and yesterdays two percent gain, sellers are in control. In fact, we may see prices sliding below $50 confirming the trend resumption phase of the bear break out pattern that begun in early August. Generally, we are bearish but this could change if Litecoin find support and we see a pump towards $70.

Latest Litecoin News

Its true that Litecoin co-founder Charlie Lee is never shy of the cameras. Sometimes he can be controversial but more often than not, he fires back with sense. Thats admirable. Though Monero is privacy specific with obfuscation features that is making the US Secret Service uncomfortable, still Charlie Lee is a big fan of the coin.

He relayed his intentions when he carried out a Twitter poll asking users to vote if they would want to see Confidential Transactions (CTs), ZK-STARKs or ZK-SNARKs or Mimble-Wimble implementations. The majority were for incorporation of CTs but it was split in between with some preferring leaving the network as it is for unnecessary scrutiny.

In the meantime, Gemini will from today allow deposit of Litecoin after getting the necessary approval from the New York State Department of Financial Services (NYDFS).

...

13:00

IOTA Price Analysis: Tron React to Partnership News as Gemini Supports Litecoin NewsBTC

Overly, bears are in control. Despite the recoveries especially in Tron, Litecoin and EOS, sellers should be actively unloading at spot rate. Tron prices are buoyant because of Justin Sun shills but could crash if the said partnership doesnt meet the communitys expectations. Furthermore, there are news of Gemini accepting Litecoin deposits beginning today. This is positive for price. Even if trading begins three days later, it could inject extra liquidity from investors keen on regulation and insurance.

Lets have a look at these charts:

EOS Price Analysis

EOS Price Analysis

Often, the market tends to slow down and even reprice after periods of high volatility. That was the case yesterday. EOS did retrace, slowing down and shedding two percent in the last day. Though this is positive for bulls, it is a wonderful opportunity for traders to unpack EOS at spot prices as they expect a break below main support at $4.

This is highly likely because Oct 11 rapid losses did invite sellers completing a bear break out trade. Therefore, in line with previous EOS trade plan, the best approach to trade this coin is to wait for conclusive breaks and close $4.

Ideally, what we would like to see is a whole bear bar printing below $4. Once this executes, then sellers can load on pull backs with first targets at $1.5. Safe stops would be just above $4 or the support breaking bar highs.

Litecoin Price Analysis

...

12:48

South Korean Financial Regulator Reaffirms Negative Stance on ICOs and Crypto Cointelegraph.com News

The chairman of Koreas Financial Services Commission has reiterated his negative position on ICOs and digital currencies, though he does not deny the potential of blockchain

12:27

Coinbase Ditches Its Index Fund in Favor of a New Retail Feature Bitcoin Magazine

Coinbase index fund

Coinbase one of the largest digital currency exchanges in the U.S. is nixing its index fund designed for accredited investors and shifting its focus to a new retail product, The Block reports

https://theblockcrypto.com/2018/10/11/coinbase-is-shutting-down-its-fund-aimed-at-big-investors-as-it-pivots-to-a-new-retail-product/

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Coinbase first announced its fund back in March of 2018. The project was designed to give institutional investors easy access to the digital currency market by offering them an index that represents a basket of Coinbases listed assets. During this time, Coinbase representatives stated that they were seeing strong demand from institutional and high net worth individuals.


However, now the index fund has failed to attract an appropriate number of clients. Coinbase was reportedly unable to garner necessary revenue from the project and has since decided to move on to other endeavors.

The latest retail product entitled the Coinbase Bundle, launched at the end of September. Using the feature, investors can purchase an assortment of the coins offered on Coinbase with one click. Minimum purchases begin at $25. Differing from an index fund, Coinbase Bundle does not offer fixed methodologies, nor does it provide rebalancing options.


This is not the first feature of its kind. Circle introduced its clients to a similar product entitled Circle Invest, which allows users to buy up to 11 different tokens in a single investment. Circle also sports a lower purchasing minimum of merely $10. While the product has garnered solid reviews on Apples App Store, it remains unpopular amongst everyday users, and currently holds the #734 spot amongst finance apps according to App Annie.


Founded in 2012, Coinbase is a broad company that covers trading, institutional brokerage and venture capital. It has amassed more than 20 million users, though active user activity has fallen by roughly 80 percent...

12:05

South Koreas Largest Crypto Exchange Sold to Singapore-Based Consortium Bitcoin News

South Koreas Largest Crypto Exchange Sold to Singapore-Based Consortium

The largest cryptocurrency exchange in South Korea by trading volume, Bithumb, has reportedly been sold to a Singapore-based consortium for approximately 400 billion won or $354 million. Bk Global Consortium, led by plastic surgeon Kim Byung-gun, will acquire the controlling stake and become the largest shareholder of Bithumb.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Bithumb Sold

A spokesman for Bithumb confirmed Friday that the exchange was sold for about $354 million to a consortium led by a plastic surgeon, Reuters reported and quoted him saying:

Bk Global Consortium, led by Kim Byung-gun, plastic surgeon and blockchain platform investor, signed a deal on Thursday to buy 50 percent plus one share in the exchanges biggest stakeholder, BTC Holdings, for about 400 billion won ($354.09 million). The deal makes Bk Global Consortium the largest stakeholder of Bithumb.

...

11:58

PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware News CCN

cryptocurrency mining malwareIt has been discovered that fake Adobe Flash updates are being used to surreptitiously install cryptocurrency mining malware on computers and networks, creating severe losses in time, system performance, and power consumption for affected users. Cryptojacking Breaks New Ground While fake Flash updates that push malware have traditionally been easy to spot and avoid, a

The post PSA: Hackers Are Using Fake Flash Updates to Hide Cryptocurrency Mining Malware appeared first on CCN

11:31

World Bank President: Distributed Ledger Technology Has Huge Potential Cointelegraph.com News

World Bank Group President Jim Yong Kim has stated that blockchain technology has huge potential that can help the organization leapfrog generations of bad practice

11:05

Cryptocurrency Tech Will Make Web Look like Cute Experiment: Circle CEO News CCN

Circle CEO Jeremy AllaireBlockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future. Boston-based Circle is not interested in

The post Cryptocurrency Tech Will Make Web Look like Cute Experiment: Circle CEO appeared first on CCN

10:30

FinCEN Issues Advisory On Irans Illicit Use of Crypto to Bypass Sanctions NewsBTC

Concerns are growing surrounding Irans use of cryptocurrencies like Bitcoin and Monero and soon, their own native cryptocurrency to evade economic sanctions put in place by the U.S., prompting FinCEN to issue an advisory on the topic.

FinCEN on Irans Exploitation of Financial Markets

The Financial Crimes Enforcement Network (FinCEN) has issued an alert, warning U.S.-based financial institutions, such as cryptocurrency exchanges, about Irans  illicit and malign exploitation of various financial markets. 

FinCEN alleges that Iran has been abusing financial markets to evade U.S.-led economic sanctions and finance terrorist organizations and activities.

The advisory claims that Iran utilizes front and shell companies to exploit financial systems around the world to generate revenues that support terrorist groups, ballistic missile development, human rights abuses, support to the Syrian regime, and other destabilizing actions targeted by U.S. sanctions.

Among the financial markets Iran exploits is the cryptocurrency market. It was first reported as far back as February that Iran had been considering using cryptocurrencies to evade economic sanctions. However, FinCEN reports that Irans usage of cryptocurrency dates back to 2013.

Since then, Irans use of crypto includes at least $3.8 million worth of Bitcoin-denominated transactions per year. FinCEN says the number is comparatively small to other countries, but still plenty cause for concern due to the potential avenues cryptocurrency provides for money-laundering and other illegal activities. 

FinCEN urges cryptocurrency exchanges to review blockchain transactions for any activity that could be tied to Iran.

Iran Launching National Crypto, Uses Other Unorthodox Evasion Methods

Iran is steadfast in its approach to using cryptocurrency as a means of evading Trump administration-led sanctions. This is to the point that Iranian President Hassan Rouhani ordered the National Cyberspace Center (NCC) to draft a plan for...

10:15

Chilean Bitcoin Exchange Buda Adds Lightning Network Support News CCN

lightning network bitcoinBuda, one of Chiles largest cryptocurrency exchanges by trading volume, has recently introduced support for Lightning Network (LN) payments on its platform, to allow its users to experiment with the second layer scaling solution. Bitcoin Exchange Now Accepts Lightning Network Payments According to a recently published blog post, users will be able to pay via

The post Chilean Bitcoin Exchange Buda Adds Lightning Network Support appeared first on CCN

10:00

Facebook and Twitter Beware Censorship-Resistant Social Media Is Here Bitcoin News

Facebook and Twitter Beware Censorship Resistant Social Media Is Here

Over the past few months, Bitcoin Cash developers have been creating applications that are similar to social media and forum platforms like Reddit, Facebook, and Twitter. Anyone in the world can use these Bitcoin Cash-powered applications such as Memo, Blockpress, Keyport, and Matter which offer censorship-resistant versions of these social media giants.

Also read: Facebook Purge Continues: 559 Pages, 251 Accounts Removed Ahead of US Elections

Onchain Social Media Apps, Forums, and Messenger Services

Censorship on large social media platforms like Facebook and Twitter has been rampant this year. On Oct. 11, news.Bitcoin.com reported on Facebook purging hundreds of pages and profiles that regularly posted about alternative news and libertarian views. The aggressive censorship has caused many people to start searching for more decentralized platforms that allow free speech. What they might not know is that the Bitcoin Cash (BCH) ecosystem already has a few applications that are similar to the dominant online forums and social media platforms. The difference is they are free of censorship and every action is recorded onchain.

Memo.cash

...

09:57

US Regulator Issues Cease and Desist Orders Against Three Crypto Promoters Cointelegraph.com News

A North Dakota Securities Commissioner issued enforcement actions against three crypto promoters for violating securities law

09:30

Former Trump Economic Adviser Joins Blockchain Startup Spring Labs NewsBTC

One of President Trumps previous economic advisers has joined Spring Labs. Gary Cohn is the latest former Wall Streeter to take up a position within the ever-expanding blockchain industry.

Cohn Joins Steven Hunt and Christine Sandler in Moving to the Blockchain Industry

Yet another blockchain-related company has managed to poach talent from Wall Street.

Spring Labs is a startup that currently employs 20 members of staff and is hoping to disrupt the credit and identification sectors. The companys latest hire is Gary Cohn. According to a report in the Financial Times, Cohn had the following to say about the unique opportunity presented by Spring Labss and the firms goals:

[Its] an obvious place to take a very, very analogue industry and digitise it.

The chairman and CEO of Spring Labs, Adam Jiwan, also spoke about the firms hopes for the future. He stated that the blockchain-based platform would allow data to be shared between various parties. Blockchain technology would help facilitate this in a secure and anonymous fashion. Finally, he opined that Spring Labs might ultimately replace the credit bureaus you see today.

Cohn once served as an economic adviser to President Trump. He was a crucial contributor to the tax reform package passed at the end of 2017.

However, he voluntarily left the position earlier this year owing to a disagreement over steel and aluminium tariffs. Before taking his position at the Whitehouse, the 58-year-old also served as president of Goldman Sachs.

Cohns interest in blockchain began whilst he was still working for Trump. He reportedly looked at a number of companies working in the space during his time at the White House.

However, his belief in blockchain technology should not be construed as an endorsement of cryptocurrencies in general. He clearly distanced himself from such a position to the Financial Times, before going on to state how blockchain technology can benefit various industries:

We all know all the inefficiencies of the existing currency world and blockchain clearly helps to eliminate them at some point in the future.

Cohn is the latest in a rapidly expanding list of former Wall Street names to join either cryptocurrency or blockchain firms. The likes of Steven Hunt, of Jump Trading, joined Kraken virtual currency exchange in May of this year. Meanwhile,...

09:20

Litecoin Price Makes Slight Gain in Wake of Gemini Listing News CCN

litecoin priceCryptocurrency exchange Gemini has announced that effective Saturday, Oct. 13, at 9:30am EDT, customers will be able to deposit litecoin into their Gemini accounts. The New York-based startup headed by Cameron and Tyler Winklevoss made the announcement on Friday via a post on its website. Anticipated Market Impact In the announcement post, Eric Winer, Geminis

The post Litecoin Price Makes Slight Gain in Wake of Gemini Listing appeared first on CCN

08:57

Former Economic Adviser to US President Trump Joins Blockchain Startup Board Cointelegraph.com News

A former chief economic adviser to U.S. Pres. Donald Trump has joined the board of blockchain-related tech company Spring Labs

08:45

Short Positions Against Ethereum Reach Record Highs on Bitfinex NewsBTC

The cryptocurrency markets posted some slight gains on Friday after seeing a massive selloff on Thursday that sent many altcoins down by more than 10% and pushed Bitcoin to its range support at $6,200.

At the time of writing, Bitcoin is trading up slightly on the 24-hour chart, with a current price of just over $6,300. Fridays slight recovery has been led by XRP, which is up over 4% at a current price of $0.426, off its daily lows of $0.38.

Many people attributed the Thursday drop to a massive sell-off in global equities, disproving the notion that Bitcoin is a gold 2.0 that is immune from traditional retail market swings.

One analyst at Element Digital Asset Management, Thejas Nalval, disagrees with this notion, explaining to MarketWatch that:

Theres a narrative that the crypto market was simply falling in lockstep with the equity markets, which are slowly entering into correction zones. We believe this move in cryptocurrencies had nothing to do with the stock market.

He added that pricing data shows otherwise.

Evidence has shown that there have been little correlation between global stock indexes and the price of Bitcoin. Nor does Bitcoin move on economic data, he said.

Traders Betting Against Ethereum Amidst Persisting Bear Market

Despite a general recovery, Ethereum is lagging behind many of its peers, down nearly 2% on the 24-hour chart, currently trading at $198, slightly off its daily lows of $190.

Ethereums weak performance over the past couple of months has led short positions on the cryptocurrency to stack up to new highs.

Data on cryptocurrency exchange, Bitfinex, shows that there are currently over 300 thousand open short positions for ETH, worth a combined $60 million. Some analysts attribute ETHs weakness to ICOs who fundraised using ETH selling their positions due to fear of further losses.

Over the past year, Ethereum is down nearly 90% from its yearly highs, maxing out at around $1,400 in early January before plummeting to its year-to-date low of just over $180.

Despite its poor performance and massive amount of open short positions, the Ethereum blockchain development community is still incredibly active, with more than 1,000 major developers attending its recent hackathon at the ETH San Francisco event.

Also, the cryptocurrencys network may soon see a hard fork called...

08:25

Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup News CCN

Gary Cohn blockchainThe blockchain space became a little stronger today as former Goldman Sachs president Gary Cohn announced that he had joined the advisory board of distributed ledger technology (DLT) startup Spring Labs. Former Trump Advisor Joins Blockchain Startup In addition to his former position at Goldman Sachs, Cohn also worked in the White House as President Trumps

The post Ex-Goldman Sachs President Gary Cohn Joins Blockchain Startup appeared first on CCN

08:00

Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco Bitcoin News

Japanese Exchange Takeover: Zaif Transfers All Crypto Services to Fisco

Japanese crypto exchange Zaif has concluded a business transfer agreement with another regulated crypto exchange in Japan. Fisco Cryptocurrency Exchange will take over all of Zaifs services and will be responsible for repaying users who lost their coins when Zaif was hacked last month.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Business Transfer Agreement

Tech Bureau, the operator of Zaif, has signed an agreement to transfer Zaifs business to Fisco Cryptocurrency Exchange (FCCE), the company announced Wednesday.

Japanese Exchange Takeover: Zaif Transfers All Crypto Services to FiscoZaif claims that it was...

07:58

Prime Suspect in $24 Million Bitcoin Scam Arrested in Thailand Cointelegraph.com News

The top suspect in a $24 million Bitcoin scam has been detained by Thai authorities at a Bangkok airport after being on the lam for 2 months

07:53

Singapore-based Blockchain Consortium Buys Majority Share in Bithumb Bitcoin Magazine

Bithumb acquisition

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the worlds third-largest cryptocurrency exchange, according to a local news outlet.

BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had held a minority position in Bithumb for a while and was the exchange's fifth largest shareholder until today's announcement.

The new deal will see the consortium acquire a 50 percent plus one share of the holdings of Bithumb's largest investors, BTC Holdings Company. The move, once finalized, would give the Consortium a controlling stake and make Kim the largest shareholder of Bithumb.

Bithumb is presently the largest digital asset platform in South Korea by trading volume. South Korea emerged as one of the hottest spots of the crypto market last year. Investors were so crypto-hungry that they had to pay a premium on every digital currency they purchased compared to investors in other parts of the world.

The Consortium, under the leadership of Kim, has plans to create a stablecoin for the exchange in the near future, according to the news outlet. There are also plans to launch a global decentralized crypto exchange (DEX) in partnership with blockchain firm One Root Network and a blockchain e-commerce payment system with the aim of reducing "virtual currency price volatility and settlement fees."

Kim is increasing his stake in a cryptocurrency market that he is massively optimistic about. He founded an initial coin offering (ICO) consulting firm called ICO Platform in Singapore earlier this year, and he is also known as an early cryptocurrency investor.

This news comes on the heels of an announcement by the exchange's shareholders who revealed the platform's earnings, showing net profits of 39.34 billion won (about $35 million) in the first half of the year, despite a rocky June where the exchange lost $40 million to hackers.




This ar...

07:50

Coinbase Has Just Added ZRX, Its First ERC-20 Token Bitcoin Magazine

ZRX Coinbase

Making good on a promise it made back in March of this year, Coinbase has just added its first ERC-20 token. ZRX, the token of the 0x (pronounced zero x) protocol began trading on Coinbase Pro (formerly GDAX), the exchanges professional trading platform, on October 11, 2018.  

"Once sufficient liquidity is established, trading will begin on the ZRX/USD, ZRX/EUR and ZRX/BTC order books. ZRX trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York," Coinbase Pro general manager David Farmer wrote in a blog post spelling out the details of the launch.

Coinbase said trading of ZRX would happen slowly and in stages. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading Farmer wrote. Per the exchanges policy, new coin trades on Coinbase Pro first. The exchange said it would make a future announcement when ZRX began trading on coinbase.com and the Coinbase mobile apps.

Last year, the popular San Francisco exchange crafted a strict new asset listing policy after getting itself into hot water when a botched bitcoin cash (BCH) listing led to accusations of insider trading.  

A lot has changed for Coinbase since. At one point during the crypto bubble, the exchange boasted a user base of 13 million. Following December 2017, however, Bitcoin lost more than 60 percent of its value, a loss that has cut into Coinbases business. In fact, Bloomberg reports that the number of U.S. customers buying and selling on Coinbase has declined by 80 percent.

Amidst all of this, Coinbase has been working diligently to expand its offerings.

A year ago, the exchange carried only three coins: bitcoin (BTC), ethereum (ETH) and litecoin (LTC). That changed when it added support for bitcoin cash (BCH) in December of 2017. In March 2018, the exchange announced plans for a crypto index fund av...

07:34

Crypto Cybercrime Has Tripled Since 2017; Nearly $1 Billion Lost in 2018 Bitcoin Magazine

Cybertheft report

Most digital exchanges are unregulated and therefore unqualified to safely process cryptocurrency transactions. They dont employ necessary know-your-customer (KYC) tactics, and roughly $1 billion in digital asset funds have been stolen since the start of 2018.

These are the unsettling claims made by a new report released by blockchain and virtual currency forensics firm CipherTrace.

The most popular target currency still appears to be bitcoin, and one of the documents key findings is that roughly 97 percent of bitcoin used in illegal transactions or that stem from criminal activity are sent to unregulated digital exchanges that enforce weak anti-money laundering (AML) tactics. An exchange is considered lacking in AML mechanisms if it does not regulate illegal drug dealing, maintain records over time, report suspicious or large transactions, or enforce KYC regulations, the report details.

In addition, nearly 5 percent of all bitcoins received by unregulated exchanges come from criminal transactions, and some of the worlds top exchanges have laundered as much as $2.5 billion in BTC.

To uncover these findings, researchers at CipherTrace examined over 45 million cryptocurrency transactions through roughly 20 of the worlds largest and most dominant exchanges. A transaction was marked as criminal if it came from a dark market website or through means of extortion, ransomware, malware or terrorist financing.

To fully comprehend the damage, the authors also examined crypto funds reported stolen in 2017 to see if the last nine months have been more devastating. According to the report, over $900 million of the more than $1 billion reported stolen in 2018 was taken in just the first three quarters of this year, meaning that the amount of theft has more than tripled since last year.

However, most of these losses can ultimately be blamed on the massive Coincheck hack that took place in January. That one theft was large enough to account for more than half of the reported losses in CipherTraces study. Other major hacks that occurred throughout 2018 include those on South Korean exchanges Bithumb ($30 million) and Coinrail ($40 million), as well as Japan-based Zaif ($60 million).

While the document discusses several methods of crypto theft, the most common one appears to be phishing, in which mass, customized extortion occurs through email and other electronic means to garner cryptocurrency-based ransoms. Other common methods include advanced malware and targeting employees of cryptocurrency exchanges directly.

The report also mentions SIM swapping. Though the report indicates that this is still a rela...

07:31

Cryptocurrency Market Sentiment is Looking up: Huobi Research News CCN

cryptocurrency investor optimismBitcoins recent sell-off notwithstanding, cryptocurrency investors are beginning to grow more optimistic about the markets short-term direction. Thats according to the latest Market Sentiment Index Report from Huobi Research, which identified a slight uptick in investor optimism over the previous month. Released on Friday, the September report is based on from survey data compiled from

The post Cryptocurrency Market Sentiment is Looking up: Huobi Research appeared first on CCN

07:15

Blockchain Startup Blockstack Unveils Plan to Decentralize Itself CoinDesk

Blockstack announced a plan to decentralize the network's corporate structure on Friday.

07:15

Dr Doom Nouriel Roubini Calls Crypto a Stinking Cesspool, Fails to Grasp Its Value NewsBTC

New York University Economist Nouriel Roubini has once again attacked cryptocurrency and its supporters. The man known as Dr Doom for his bearish market commentaries went as far as to call the financial innovation a stinking cesspool in a series of tweets late last night.

Apparently Roubini Didnt Attack Crypto Enough in the Senate

One of the planets most ardent cryptocurrency naysayers has weighed in on Bitcoin and altcoins. After voicing his opinion yesterday at the Senate Banking Committee hearing on the subject of blockchain and digital assets, Roubini took to Twitter to lambaste the entire industry.

According to a report in CNBC, Roubini stated late on Thursday that the market lacked fundamental value and was in fact detrimental to society since it consumed vast quantities of electricity:

It is indeed laughable to think that useless cryptocurrencies or scoins have any fundamentals of value. Their fundamental value is ZERO or actually negative if you price correctly their negative externality of hogging energy and destroying the environment.

This appraisal of the space came just hours after he had called crypto the mother or father of all scams and bubbles at the Senate Banking Committee hearing. The economist voiced his opinions via Twitter and during his outburst he posted a video explaining centralisation issues in digital assets. According to the post:

Decentralization is a Big Fat Lie peddled by self serving greedy crypto oligopolists and cartels.

He also responded to many of the comments made in retaliation to his recent attacks

07:02

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 12 Cointelegraph.com News

Markets have recently seen another sharp slump, but do chart patterns predict an even deeper fall, or a sharp rebound? Lets find out

06:07

Ex-Coinbase Executive Adam White Joins ICEs Crypto Platform Bakkt, Sources Say Cointelegraph.com News

Coinbases veteran executive is now reportedly joining the Intercontinental Exchanges crypto trading platform Bakkt

06:00

Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders Bitcoin News

2018s Worst Cryptocurrencies Have Created Some Heavy Bagholders

Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace.

Also read: US Court Issues Emergency Order Halting a Planned Initial Coin Offering

This Years Underperforming Coins
Have Fared Worse Than You Think

2018s Worst Cryptocurrencies Have Created Some Heavy Bagholders

Its easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have appreciated in value or, at the very least, have outperformed bitcoin. Taking a magnifying glass to 2018s altcoin dunces makes for a productive exercise; not to revel in the misfortune of others, but for educational purposes.

I bought the dip a dozen times this year, one Redditor complained recently. Went down after each time. Another remarked: Ive lost 95 percent of 25k and have been buying all the way down.

...

06:00

North Dakota Securities Regulator Issues Cease and Desists Against 3 ICOs CoinDesk

North Dakota's securities watchdog is again taking action against ICO projects it alleges are operating illegally in the state.

05:45

Coinbase Killing Index Fund Due to Lack of Institutional Interest, Prompting Staff Exodus NewsBTC

Leading U.S. cryptocurrency exchange Coinbase is reportedly considering killing off a cryptocurrency index fund product it launched earlier in the year, due to a lack of interest from accredited institutional investors, and it could be the reason key executives are exiting the company for greener pastures.

Coinbase Considering Ending Coinbase Index Fund to Focus on Retail Bundles

Back in March, the Coinbase Asset Management team announced the Coinbase Index Fund. While the initial buzz around the announcement was strong, the cryptocurrency markets continued decline apparently spoiled the products June launch, and has only seen lackluster interest since. This is according to information provided to The Block from an anonymous  source with direct knowledge of the situation.

The Coinbase Index Fund offered accredited institutional investors an easy way to invest in a fund consisting of all the different crypto assets Coinbase currently offers on its platforms, weighted by market cap. Investments range from a $250,000 minimum buy in all the way to a staggering $20 million invested.

The Blocks source says that the product suffered from a severe lack of interest, driving far less revenue for Coinbase than they had been anticipating. Coinbase had expected better performance, driven by a strong demand from institutional and high-net-worth individuals.

Coinbase has spent much of 2018 preparing for the influx of institutional investors that still has yet to happen in a meaningful way that directly impacts cryptocurrency prices. In addition to the Coinbase Index Fund, the San Francisco-based exchange has also released other products and tools for institutional investors, including a Custody product.

Coinbase has repeatedly failed to garner interest from institutional investors, which may be causing key executives to jump ship to work on platforms that are more interesting to institutional money. Coinbases fifth employee ever, Adam White, vice president and general manager, this past week exited Coinbase to join Intercontinental Exchanges (ICE) Bakkt...

05:40

SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward News CCN

SpankChain ICOThe hacker who stole nearly $40,000 in ethereum from adult entertainment startup SpankChain has returned the stolen cryptocurrency, the company announced last night. According to messages posted on the companys official Twitter account, SpankChain CEO Ameen Soleimani reached an agreement with the anonymous hacker after speaking to them on the phone. Following that conversation, the

The post SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward appeared first on CCN

04:39

Bitcoin Price Intraday Analysis: BTC/USD in Weak Upside Correction News CCN

Bitcoin priceThe Bitcoin-to-USD exchange rate has posted slight gains in the Friday session. Currently, the pair is trading above 6300-fiat, up +1.55 percent on the day. The weak upside correction comes after the mainstream stocks underperformed second-day in a row. Nevertheless, the lower market volatility suggests that the Bitcoin correction is only a minor adjustment in

The post Bitcoin Price Intraday Analysis: BTC/USD in Weak Upside Correction appeared first on CCN

04:35

Auction House Christies Trials Blockchain Data Recording in New Partnership Cointelegraph.com News

Blockchain is coming to one of the worlds best-known auction houses this month in a trial by Christies

04:15

Gemini Adds Litecoin with Approval from New York Regulators NewsBTC

Cryptocurrency exchange, Gemini, announced today that they will be adding support for Litecoin (LTC) beginning on Saturday, October 13th. Investors will be able to deposit LTC into Gemini, but will not be able to trade the cryptocurrency until Tuesday, October 16th.

Litecoin will be the fourth digital asset added to the exchange platform and will have trading pairs with all the available assets on the platform, including Bitcoin, Ethereum, and Zcash.

Litecoin is a peer-to-peer (P2P) open source project that was forked off of the original Bitcoin network in October of 2011. Although met with some controversy regarding its utility as compared to Bitcoins, it is now widely referred to as the Silver of cryptocurrency, while Bitcoin is the industrys Gold.

Although technically similar to Bitcoin, Litecoin differentiates itself by using a unique mining algorithm that is intended to make it more decentralized, and utilizes some features intended to make it more efficient for payments than Bitcoin.

The move to add LTC to Gemini came after the exchange received approval from the New York State Department of Financial Services (NYSDFS) that approved Geminis addition of Litecoin trading and custody services.

Eric Winer, Geminis vice president of engineering, wrote about the NYSDFSs regulatory relationship with the exchange in a Medium post, saying:

Gemini continues to grow with a security-first approach and we have worked closely with the NYSDFS to gain approval for Litecoin trading and custody services. We are excited to provide our customers with a safe, secure, and compliant method to buy, sell, and store these digital assets.

Gemini Postpones Plans to List Bitcoin Cash

In the exchanges Litecoin announcement, they also explained to investors that they have delayed their plans to list Bitcoin Cash, the recent and highly controversial fork of Bitcoin.

The reason for postponing their plans to list BCH is mainly surrounding the uncertainty in the community regarding possible hard forks occurring later this year.

Gemini explains that:

There has been much uncertainty lately within the Bitcoin Cash community about one or more possible hard forks arriving in mid-November. Some of those forks lack the replay protection feature that would be required for Gemini to safely support Bitcoin Cash. Because of this situation, we are delaying our launch of Bitcoin Cash deposits, withdrawals, and trading until late November

Possible Price Impact of Gemini Litecoin Listing 

Upon the news of Gemini adding Litecoin to their platform, the cryptocurrency post...

04:00

Markets Update: Heavy Selling Across Leading Markets, ZRX Rallies Bitcoin News

Markets Update: Heavy Selling Across Leading Markets, ZRX Rallies

The cryptocurrency markets appear to be consolidating following the significant sell-off that transpired on Thursday. The event saw BTC produce the largest percentage red daily candle posted since Sep. 5, driving losses across most major markets. ZRX was the most notable exception to the bearish price action that erupted through most cryptocurrencies, rallying significantly following the announcement that Coinbase Pro would be launching three ZRX pairings.

Also Read: Win $100 of Bitcoin Cash in Bitcoin.coms Paper Wallet Design Contest

BTC Consolidates Within Triangle as Inter-Exchange Spreads Extend

BTC experienced a sharp sell-off yesterday, shedding nearly 6% against the dollar in little over an hour as it fell from roughly $6,630 to $6,250 on Bitfinex, and 7.35% as the market fell from $6,530 to a low of $6,030 on Bitstamp.

...

03:50

Constantinople Nears: Ethereum's Next Hard Fork Is On Track for 2018 CoinDesk

Open-source coders backing the ethereum project now say its next system-wide upgrade, Constantinople, is on track for November release.

03:27

Five Eyes Spy Cartel Announces Counter China Operations "IndyWatch Feed World"

The Five Eyes international spy cartel has announced through an "exclusive report" placed in the Reuters wire service, that they have been coordinating on against China since the beginning of this year (archived). Historically that has not worked out so well for them.

03:17

Bitcoin Futures Helped Cryptocurrency Market Achieve More Sustainable Level: CFTC Chairman News CCN

J. Christopher Giancarlo CFTC bitcoinWhen derivatives exchanges CBOE and CME launched the first regulated U.S. bitcoin futures contracts, many cryptocurrency bulls thought that this event would lead to a wave of institutional investment and propel the market toward even greater highs. Just days later, the yearlong bitcoin price rally stalled, and the flagship cryptocurrency followed soon after by

The post Bitcoin Futures Helped Cryptocurrency Market Achieve More Sustainable Level: CFTC Chairman appeared first on CCN

03:00

Microsoft Is Pushing New Blockchain ID Products (But There's Pushback, Too) CoinDesk

Microsoft is moving to turn blockchain-based decentralized identity from a lofty aspiration into a business line, with two products in the works.

02:35

TRONs CEO Tweets of Forthcoming Partnership With Industry Giant Valued at $10s of Billions Cointelegraph.com News

Justin Sun, CEO of decentralized internet startup TRON, has tweeted of a forthcoming partnership with an industry giant valued at tens of billions of dollars

02:30

Coinbase Confirms Shutdown of Crypto Index Fund Product CoinDesk

Coinbase is shutting down its index fund just four months after first offering it to institutional investors.

02:29

Winklevoss Twins' Gemini Crypto Exchange Gets Regulatory Green Light for Litecoin Trading Cointelegraph.com News

The Winklevoss twins crypto exchange Gemini has sealed regulatory approval to add Litecoin custody and trading as of this week

02:15

Crypto Giant Gemini Hires Former Wall Street COO to Head Operations News CCN

Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder

The post Crypto Giant Gemini Hires Former Wall Street COO to Head Operations appeared first on CCN

02:06

Roubini Faces Off With Coin Centers Van Valkenburgh at Senate Hearing Bitcoin Magazine

Roubini Faces Off With Coin Centers Van Valkenburgh at Senate Hearing

Nouriel Roubini, an economist best known for his predictions of the 2008 housing bubble, and Peter Van Valkenburgh, Coin Centers director of research, testified before the U.S. Senate Committee on Banking, Housing and Community Affairs in a hearing on cryptocurrency and blockchain on October 11, 2018.

We need to sort through the static, said Banking Committee Chair Idaho Republican Mike Crapo, describing a need to better understand both the opportunities and the challenges in cryptoland. The testimony comes at a time when bitcoin has lost two-thirds of its value since the beginning of the year and U.S. regulators are trying to figure out how to regulate thousands of ICOs that have flown in the face of decades old securities laws.

Roubini wasted no time in firing off his salvos. He called crypto the mother and father of all scams and [now busted] bubbles. Among his list of other criticisms: blockchain is overhyped; Bitcoin cannot scale and it is not decentralized; only criminals and terrorists use bitcoin; crypto is a libertarians dream; and utility tokens will return us to the Stone Age. Even the Flintstones knew better than crypto they used clamshells as their own one currency, he said, in one bewilderingly anachronistic statement.

In stark contrast, Van Valkenburgh hailed bitcoin as revolutionary for its ability to function as a payment system without a trusted middleman. He referred to bitcoins underlying technology as a computer science breakthrough on par with the internet. Pointing to breaches at Equifax, Swift and DYN in the last two years, he called blockchain technology our best hope for secure systems.    

The two testimonies were followed by questions from senators. When asked what factors hindered a broader adoption of blockchain technology, Van Valkenburgh said actual use cases were hard challenges and compared blockchain technology to email in the 1970s.

It took 20 years for those systems to be friendly enough for consumers to want to use them to send messages, he said.

Roubini,...

02:00

Micropayments: Bringing Cryptocurrencies Into Everyday Life Bitcoin News

Micropayments: Bringing Cryptocurrencies Into Everyday Life

The following post about micropayments was written by Dmytro Spilka. He is the CEO at Solvid and founder of Pridicto, a web analytics startup that uses AI and Machine Learning to forecast web traffic, monitor vital metrics, and set visual traffic aims.

Cryptocurrencies may have assumed the role of the quintessential water cooler topic over recent years, but theres something stopping it from making that vital transition from being well talked about to well invested.

Also readRobinhood Crypto Expands to Three More States

Micropayments

To say the likes of Bitcoin isnt well invested may seem churlish, considering the crypto-giant hit a value...

01:45

Former Trump Advisor Gary Cohn Joins Blockchain Startup CoinDesk

Gary Cohn, a former chief economic advisor to the U.S. president and Goldman veteran, has just joined a financial data-focused blockchain startup.

01:10

CFTC Chair Giancarlo Says Institutional Investors Will Help Crypto 'Mature' CoinDesk

CFTC Chair Christopher Giancarlo said the cryptocurrency market will mature as institutional investors enter the space.

01:10

Markets See Piecemeal Price Action, Some Stability After Yesterday's Plummet Cointelegraph.com News

After yesterdays plummet, crypto markets are seeing relative calm, with the top cryptocurrencies by market cap seeing moderate movement some up and some down

01:06

Coinbase Bounce: Ethereum Token 0x Rallies 17% after Crypto Exchange Listing News CCN

coinbase cryptocurrency exchange bounceCoinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesnt mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs

The post Coinbase Bounce: Ethereum Token 0x Rallies 17% after Crypto Exchange Listing appeared first on CCN

00:27

ETC Labs Launches Startup Incubator Pilot as Applications Exceed 100 Cointelegraph.com News

ETC Labs director says it plans to incubate 24 startups per year from 2019 launch

00:25

Gemini Adds Litecoin Trading With New York Watchdog Approval CoinDesk

Winklevoss-founded crypto exchange Gemini is adding litecoin trading in the coming week, with permission from the NYDFS.

00:16

Recently Hacked Adult Entertainment Platform SpankChain Returns Stolen BOOTY, Ethereum Cointelegraph.com News

The hacker who stole almost 170 ETH from SpankChains smart contract has chosen to return the funds

00:15

Win $100 of Bitcoin Cash in Bitcoin.coms Paper Wallet Design Contest Bitcoin News

Bitcoin.com's Paper Wallet Design Contest Win $100 in Bitcoin Cash

Over the next few weeks, Bitcoin.com is hosting a paper wallet design contest to create a beautiful cold storage visual graphic for bitcoin enthusiasts around the world. The competition is open to everyone and the winning entry will receive $100 worth of bitcoin cash.

Also Read: Bitcoin.com Store Adds More Hot New Items and Amazon Gift Cards

Create a Unique Bitcoin.com
Paper Wallet Design to Win Bitcoin Cash

Just recently, Bitcoin.com launched its newly revamped paper wallet generator, so bitcoin cash (BCH) supporters can utilize a classic cold storage solution and print out BCH for friends and family. Paper wallets are just like traditional bearer bond instruments (paper bills) and they can be exchanged anonymously offchain. The paper wallet generation process is very easy and people can print out as many as they want they can even add funds to their wallets after creating them.

...

00:14

Crypto Market Erases $16 Billion in 24 Hours, Can Bitcoin Swiftly Rebound? News CCN

bitcoin priceWithin a period of 24 hours, from October 11 to 12, the valuation of the crypto market has declined from $217 billion to $201 billion. The 7 percent decline in the valuation of the crypto market was triggered by a sudden drop in the price of Bitcoin from $6,600 to $6,250. The 5 percent decrease Continued

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00:06

FinCEN Lambasts Iran's 'Illicit and Malign' Use of Crypto to Evade Sanctions Cointelegraph.com News

The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanctions

Friday, 12 October

23:30

These Tokens are the Worst Performing Cryptos in 2018: Factors and Trends NewsBTC

Investment consultation firm Pension Partners released an index listing the worst performing cryptocurrencies in 2018.

Qtum, a cryptocurrency-backed hybrid blockchain platform, suffered a maximum 93.9 percent loss by Q3 2018. A high marketing pitch, which projected Qtum as the best of both blockchain and mainstream worlds, allowed the project to establish an all-time high token value at $82.66 in January.

But eventually, Qtum project lost shine due to decreasing performance and increasing challenges. Its blockchain has seen a significant drop in the number of daily transactions, while the mining difficulty has also fallen drastically. At the press time, QTUM is trading at $3.47.

NEM Plunges 91%

The New Economy Movement, or NEM, began as a revolutionary blockchain project for enterprises. During early 2017, the Japanese firm received substantial financial support from local investors. NEM sold its XEM tokens at the initial rate of $0.00023107 and by the end of April 5th, 2015, the company had made its early investors a 68,537.2 percent profit. But like many other crypto assets, XEM too failed to sustain its upside and dropped squarely in 2018s market-wide bearish bias.

NEM maintains its position among the top ten cryptocurrencies market cap, indicating it has retailed market attention and belief.

ICON (ICX) Drops 90%

ICX, like Ether, is a crypto-native to a blockchain project called ICON and has been one of the most affected victims of the market-wide bearish sentiment. The project has everything going on for itself: steady development, a good and reliable team and an ambitious goal to interconnect difference blockchains. But regardless of efforts, ICX remains one of the most underperforming crypto assets in 2018, with a negated 90 percent return for his early investors.

...

23:27

Ethereum Founder Vitalik Buterin Throws Shade at Bitcoin Bashing Economist News CCN

Vitalik Buterin ghash 51% attackEthereum co-founder, Vitalik Buterin has thrown shade on prominent economist and cryptocurrency skeptic Nouriel Roubini, in response to Roubinis earlier statements calling him a dictator and describing decentralization in Crypto as a myth. In a tweet, Buterin subtly hinted that Roubini has no idea what he is talking about and as such he should not Continued

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23:00

Leading Auction House Christie's to Record Art Sales on a Blockchain CoinDesk

Christie's auction house is launching a pilot program to record art sales and provenance on a blockchain.

22:30

Gold Breaks Out, Bitcoin Breaks Down (Video) "IndyWatch Feed Economics"

Gold Breaks Out, Bitcoin Breaks Down Video Peter Schiff Video Source

The post Gold Breaks Out, Bitcoin Breaks Down (Video) appeared first on The Daily Coin.

22:10

3 Bitcoin Price Factors That Suggest Bears Are in Charge CoinDesk

After Thursday's range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates.

22:07

Thailand Police Arrest Prime Suspect of $24 Million Bitcoin Fraud Scheme News CCN

Thailand Bitcoin ScamThe alleged mastermind of the bitcoin fraud scheme which saw a Finnish investor lose 5,564 bitcoins in Thailand has been arrested. Prinya Jaravijit, who is the principal suspect in swindling Finnish national Aarni Otava Saarimma out of bitcoin worth 797 million baht (approximately US$24 million) was arrested at Bangkoks Suvarnabhumi Airport on October 11, according Continued

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21:31

Plastic Surgeon and Startup Investor Buys $352 Million Stake in Korean Crypto Exchange Bithumb Cointelegraph.com News

A group led by one of South Korea's leading plastic surgeons has reportedly made a $352 million investment in crypto exchange Bithumbs holding company

21:17

Ethereum Co-Creator Says Hes Not a Billionaire, Who are the Richest in Crypto NewsBTC

Vitalik Buterin, the co-founder of Ethereum (ETH), was accused of leading a scam involving Ethereum. The scam supposedly involved pre-mining that allowed him and Joe Lubin to steal 75% of ETH supply and turn them into billionaires. These accusations came from a New York University professor Nouriel Roubini.

While Lubin has yet to respond to this tweet, Buterin responded on the same day, October 10. In his response, Buterin, who is among the most influential people in the crypto world, still claimed that he is not a crypto billionaire. To prove it, he even provided a link to his largest digital wallet, which holds only around 365,003 ETH.

This amount is equal to around $73 million. Additionally, this amount also includes gifts, as well as charity donations. While Buterin also admitted to having other wallets, he claims that they are quite small.

Who Are the Richest Crypto Holders?

Obviously, the Tweet accusing Buterin of stealing digital coins to become a billionaire seems absurd at this point. However, it made a lot of people interested in the idea of a crypto billionaire.

According to recent reports, a lot of individuals that became billionaires came from China. Most of the crypto billionaires in China are leading some of the biggest digital curren...

21:06

Cryptocurrency Market Update: 0x Surging on Coinbase Pro Listing NewsBTC

FOMO Moments

Markets are in pain and have not recovered; Only 0x is making progress today.

There has been no notable recovery or bounce following yesterdays 15 billion dollar dump. Markets have remained low and are just over $200 billion total capitalization at the time of writing.

Bitcoin could not make any further gains and has remained at the level it fell to yesterday; $6,290. Further declines could be on the cards and $6k seems to be the target for another bounce off the bottom. Ethereum has also plummeted but has recovered back to just below $200 where it has held after dropping to $188.

Altcoins are all still in the digital ditch and have made no recovery. The top ten is in a bad state with most cryptos back at their lowest levels for the year. EOS has fared the worst with another 2.6% drop on the day following yesterdays 9% plunge, it is currently trading at $5.19. XRP and Litecoin have pulled back a percent or two but are still very low.

The top twenty is all red again for the second day with Dash and Tezos falling over 2% and the rest losing around one. Ethereum Classic is in a bad shape with a 4.8% drop today below ten dollars to $9.46. Looking at the bigger scene of the top one hundred reveals that HyperCash and Power Ledger have nosedived a further 10% today following yesterdays rout.

Only one altcoin has made a recovery today and that is 0x which has bounced 17% back to reach $0.770. Daily volume has pumped from $12 to $75 million as ZRX gets listed on Coinbase Pro.

On the week 0x is up 22% and over the past month the DEX protocol ba...

21:00

FinCEN Blasts Iran's 'Malign' Use of Crypto to Bypass Economic Sanctions CoinDesk

U.S. regulator FinCEN is urging domestic exchanges to prevent Iran from using cryptocurrency to bypass economic sanctions.

20:55

Ripple (XRP) Marks the Best Correction as Crypto Market Recovers News CCN

Ripple price UberThe Ripple-to-Dollar (XRP/USD) exchange rate on Friday was the earliest to recover from its latest downtrend move. It surged as much as 19 percent from yesterdays low at 0.377-fiat, which is higher than other top coins. Ripple, the company that issues XRP tokens, is reportedly heading towards forming a partnership with SWIFT, a global banking Continued

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20:28

Bitcoin Price Watch: BTC/USD Recovery Could Be Limited Near $6,315 NewsBTC

Key Points

  • Bitcoin price formed a support base near $6,110 and recovered higher against the US Dollar.
  • There was a break above a connecting bearish trend line with resistance at $6,195 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair may perhaps correct higher towards $6,300-6,315, but upsides are likely to be capped.

Bitcoin price is slowly recovering above $6,200 against the US Dollar. However, BTC/USD is likely to face a strong resistance near the $6,315 and $6,365 levels.

Bitcoin Price Analysis

Yesterday, there was a sharp downside move below $6,400 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $6,200 support level and settled below the 100 hourly simple moving average. It tested the next important support at $6,100-6,110 and later started consolidating losses. A support base was formed near $6,110 and the price started an upside correction.

It recently traded above the $6,200 resistance to move into a positive zone. There was a break above the 23.6% Fib retracement level of the last decline from the $6,538 high to $6,093 low. Moreover, there was a break above a connecting bearish trend line with resistance at $6,195 on the hourly chart of the BTC/USD pair. The pair is currently placed with a positive angle above the $6,200 level. There could be a minor downside, but it seems like the price may continue towards $6,300 in the short term. However, upsides are likely to be capped by the $6,315 level. It represents the 50% Fib retracement level of the last decline from the $6,538 high to $6,093 low.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price is facing solid resistances near the $6,315 and $6,365 levels. On the downside, the $6,110 support holds the key, below which the price could decline towards $6,000.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is slightly placed in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI is currently just around the 50 level.

Major Support Level $6,110

Major Resistance Level $6,315

The post Bitcoin P...

20:05

The Daily: Kanye Teaches Opsec, Crypto Foes Join Forces Bitcoin News

The Daily: Kanye Teaches Opsec, Crypto Foes Join Forces

The last 24 hours has been one of those all-too-rare periods in which the cryptosphere unites against a shared enemy. Well detail who in The Daily, right after weve discussed blockchain spam, Blockfolios new funding round, and how we learned an opsec lesson from Kanye West.

Also read: Bitcoiners Shoot Down Roubinis US Senate Testimony

Coinbase Gains an Altcoin, Bitfinex Loses a Bank

Coinbase finally listed 0z (ZRX) on Oct. 11, sending the price of the Ethereum-based token into a sharp climb. This miniature pump paled in comparison to that going on over at Yobit, whose exchange-orchestrated pump sent putincoin up 1,370 percent in just 15 minutes, prompting widespread condemnation. While pump and dumps have been part of crypto since the start, theyre rarely instigated by the exchanges themselves.

...

19:50

$350 Million: Singapore Consortium Gains Majority Stake in Koreas Biggest Bitcoin Exchange News CCN

BithumbSouth Koreas largest cryptocurrency exchange by trading volume, Bithumb, has seen a  Singapore-based blockchain consortium become its majority owner in a $350 million deal. BTC Holdings Company, which was Bithumbs biggest stakeholder until Thursday with a 75.99% stake finalized an agreement to sell 50 percent plus one stake for 400 billion won (approx. $352 million) Continued

The post $350 Million: Singapore Consortium Gains Majority Stake in Koreas Biggest Bitcoin Exchange appeared first on CCN

19:28

Cardano Price Analysis: ADA/USDs Support Turned Resistance At $0.080 NewsBTC

Key Highlights

  • ADA price declined sharply and broke the $0.0800 and $0.0740 support levels against the US Dollar (tethered).
  • There is a key bearish trend line formed with resistance at $0.0750 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair may correct higher above $0.0750, but it could face a strong resistance near $0.0800.

Cardano price is under a lot of pressure against the US Dollar and Bitcoin. ADA/USD is correcting higher, but upsides are likely to capped near $0.0800.

Cardano Price Analysis

In the last analysis, we discussed that cardano price could correct lower towards $0.0820 or $0.0800 against the US Dollar. The ADA/USD pair did correct lower, but sellers gained momentum below the $0.0800 support. As a result, there was a sharp downside move and the price declined below the $0.0750 support. The price even broke the $0.0700 support and traded as low as $0.0694.

Later, the price started an upside correction and traded above $0.0700 and $0.0715. It just moved above the 23.6% Fibonacci retracement level of the recent decline from the $0.0858 high to $0.0694 low. However, there is a major resistance near $0.0750. Moreover, there is a key bearish trend line formed with resistance at $0.0750 on the hourly chart of the ADA/USD pair. Above the trend line resistance, the price may perhaps climb towards the $0.0800 level, which is likely to act as a resistance. An intermediate resistance is near the 50% Fibonacci retracement level of the recent decline from the $0.0858 high to $0.0694 low at $0.0776.

Cardano Price Analysis ADA Chart

The chart indicates that ADA price is correcting positively above $0.0720. However, it wont be easy for buyers to clear the $0.0776 and $0.0800 resistance levels. On the downside, the key support is at $0.0700, below which the price may slide toward $0.0650.

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

Hourly RSI The RSI for ADA/USD is moving higher towards the 50 level.

Major Support Level $0.0700

Major Resistance Level $0.0800

The post Card...

19:20

Fake News Site Used New Zealand Prime Minister to Pump Bitcoin Startup CoinDesk

A fake news site used images of New Zealand's prime minister in sponsored posts on Facebook to promote a bitcoin firm.

18:40

Crypto Funds Gets Greenlight from Swiss Financial Markets Regulator News CCN

Crypto fundIn a move that clearly shows the governments resolve to encourage investments in cryptocurrencies, Switzerlands financial markets regulator has opened the floodgates for institutional participation in cryptocurrencies. Zug-based Crypto Finance AG subsidiary Crypto Fund AG becomes the first company to get the green light from the Swiss Financial Market Supervisory Authority (FINMA) to offer a wide Continued

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18:38

Nouriel Roubini Tries to Attack Bitcoin by Saying Fees Cost $55, Fails NewsBTC

Global economist Nouriel Roubini expressed his rage against Bitcoin and blockchain while displaying his profound lack of understanding in the field.

A Political Rap against Crypto

Roubini was present at an informational hearing round Exploring the Cryptocurrency and Blockchain Ecosystem organized by the US Senate Committee on Banking, Housing, and Urban Affairs, alongside Peter Van Valkenburgh, the Director of Research at Coin Center, a nonprofit crypto advocacy organization. The purpose of the hearing was to listen to both the sides as the House of Representatives draft bills to regulate the US crypto industry.

Roubini ranted against crypto on several accounts during his testimony, calling Bitcoin the mother of all scams and blockchain the most hyped technology ever. He continuously reminded the Senate that only criminals use crypto, that mining is bad for the environment, that decentralization is ridiculous, that most tokens are non-compliant securities, that utility tokens take society back to the stone age, that blockchain is no better than spreadsheets, and that no corporation or government would like to run a state on a public ledger.

Roubini also tried to present evidence that how a thriving industry like crypto is poised to fail, saying, for instance, that Bitcoin transaction fees are $55, and that it cannot scale to cater for global financial volume.

Paying 55-dollars of transaction costs to buy a $2 coffee cup is [obviously] never going to lead Bitcoin to become a transaction currency, the economist wrote.

Community Reaction

The crypto community treated Roubinis accusation as [yet] another attempt of a great economist to malign Bitcoin without actually understanding the underlying technology. But the fact that he made those accusations before the US Congress upper chamber raised concerns, given it could be misperceived as they go ahead drafting a regulation.

18:30

Ripple Price Analysis: XRP/USD Could Correct To $0.4290 Before Lower NewsBTC

Key Highlights

  • Ripple price declined further and traded towards the $0.3600 support zone against the US dollar.
  • There is a monster bearish trend line in place with resistance near $0.4290 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair could correct higher towards $0.4200 and $0.4290 in the short term before resuming its slide.

Ripple price is slowly recovering against the US Dollar and Bitcoin. XRP/USD is likely to correct to $0.4290 before sellers take back control from buyers.

Ripple Price Analysis

Yesterday, we saw a sharp downside move below the $0.4000 level in Ripple price against the US Dollar. The XRP/USD pair spiked towards $0.3900 before correcting higher. However, the correction was limited and the price declined further below $0.3900 and $0.3800. It traded close to the $0.3580 level and formed a low at $0.3589. The price is currently correcting higher, but it is still well below $0.4400 and the 100 hourly simple moving average.

It has moved above the 23.6% Fib retracement level of the last slide from the $0.4990 swing high to $0.3589 low. It seems like it is about to break a short term bearish trend line at $0.4000 on the hourly chart. In the mentioned case, the price may continue to correct higher towards the $0.4200 and $0.7290 levels. The next major hurdle is near $0.4290 and the 50% Fib retracement level of the last slide from the $0.4990 swing high to $0.3589 low. Moreover, there is a monster bearish trend line in place with resistance near $0.4290 on the same chart of the XRP/USD pair.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price could correct towards the $0.4290 zone, but later it is likely to resume its slide below $0.4000 in the near term.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD is slowly moving in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is moving higher towards 50 level.

Major Support Level $0.3800

Major Resistance Level $0.4290

The post Ripple Price Analysis: XRP/USD Could Correct To $0.42...

18:25

US Court Issues Emergency Order Halting a Planned Initial Coin Offering Bitcoin News

US Court Issues Emergency Order Halting a Planned Initial Coin Offering

An American court has put a stop to an initial coin offering (ICO) by a company claiming to offer the first licensed and regulated tokenized crypto currency exchange & index fund based in the US. The ICO promoters even invented their own regulatory authority, which seems to have really irked the regulators.

Also Read: The Daily: Whales Join Chinas Richest Ranks, Seniors Take a Swing at Bitcoin

SEC Stops Blockvest ICO

US Court Issues Emergency Order Halting a Planned Initial Coin OfferingTh...

17:28

Ethereum Price Analysis: ETH/USD Upsides Capped Near $198 NewsBTC

Key Highlights

  • ETH price declined further and traded towards the $180 level against the US Dollar.
  • There was a break below a key contracting triangle with support at $194 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair traded as low as $184.15 and it is currently correcting higher towards resistances.

Ethereum price extended losses against the US Dollar and bitcoin. ETH/USD may correct a few points, but upsides are likely to be capped near $196-198.

Ethereum Price Analysis

Yesterday, there was a sharp downside move below the $220 support in ETH price against the US Dollar. The ETH/USD pair even traded below the $200 support and later started an upside correction. However, the upside move was contained and the price was not able to move above the $205-210 zone. The price started a fresh decline and moved below yesterdays low and the $190 level.

During the slide, there was a break below a key contracting triangle with support at $194 on the hourly chart of ETH/USD. A new monthly low was formed at $184.15 before the price started an upside correction. The price is testing the 50% Fib retracement level of the last drop from the $203 high to $184 low. On the upside, there are many resistances near the $195-198 zone. The broken triangle support and the upper trend line at $196 are likely to prevent gains. Moreover, the 61.8% Fib retracement level of the last drop from the $203 high to $184 low is also likely to act as a resistance.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price seems to be approaching key resistances near the $195, $196 and $198 levels. A break above these is needed for a recovery above $200. On the downside, a push below $184 could accelerate losses towards $192.

Hourly MACD The MACD is back in the bearish zone.

Hourly RSI The RSI is slowly recovering, but it is still below the 40 level.

Major Support Level $184

Major Resistance Level $198

The post Ethereum Price Analysis: ETH/USD Upsides Capped Near $198 appeared first on...

17:11

Crypto Billionaires Among Chinas Wealthiest, Despite Bear Market News CCN

Bitcoin price china CryptocurrencyThere is no question that the entire cryptocurrency sector is in a bear market, with many cryptocurrencies losing over 50% of their value.  However, this certainly hasnt prevented individuals from becoming very wealthy through cryptocurrency-related ventures.  Specifically, despite the decrease in market capitalizations of various cryptocurrencies, several Chinese businessmen have landed onto a list of Continued

The post Crypto Billionaires Among Chinas Wealthiest, Despite Bear Market appeared first on CCN

17:00

Nevada's Utilities Agency Eyes Blockchain for Energy Credit System CoinDesk

The Public Utilities Commission of Nevada is looking to implement blockchain for its energy credit tracking system.

16:30

Former Coinbase Executive Joins Bakkt Amid Crypto Futures Launch, Massive Anticipation NewsBTC

For the first time in a blue moon, crypto startup Coinbase recently saw one of its executives exit company doors, so to speak. Although some greeted this announcement with pessimism, insiders claim that the executive in question is poised to continue his immersion in the cryptosphere.

Bakkt, Meet Adam White

On October 4th, as reported by NewsBTC, many investors were shocked when Bloomberg revealed that Adam White, Coinbases fifth employee, had unexpectedly decided to close his tenure at the San Francisco-based startup, now valued at a staggering $8 billion. As alluded to in comments issued by company representatives, Whites move to exit Coinbase was catalyzed by personal intentions and didnt have anything to do with in-company conflicts.

Keeping this in mind, many crypto investors questioned why the former Coinbase Institutional lead decided to leave amid the startups drive to introduce an array of products, solutions, and services.

Now, just a week after this news broke, The Block has exclusively reported that Adam White has already found at home at Bakkt, an up and coming crypto platform that has partnered with some of the worlds leading corporations.

Per those familiar with the situation, the former Coinbase executive has been assigned as Bakkts chief operating officer and will oversee the startups operations from a holistic perspective. The insiders claimed that White will be directly reporting to CEO Kelly Loeffler, who stepped down from her stint at the Intercontinental Exchange (ICE), the New York Stock Exchanges parent company, to foray into crypto markets.

White brings experience and knowledge from his five-year stay at Coinbase, Activision Blizzard, and Harvard Business School, where he obtained an MBA in 2013. It is important to note, however, that White nor Bakkt spokespeople havent corroborated the insider report as of the time of press.

Bakkt Remains The Hottest Crypto News Of 2018

For those who arent in the loop, U.S.-based Bakkt is a scalable [crypto] on-ramp for institutions, merchants, and consumers that has been overtly endorsed by ICE, Microsoft, Star...

16:25

Largest South Korean Exchange Launches Crypto Market Indices Bitcoin News

Largest South Korean Exchange Launches Crypto Market Indices

The largest crypto exchange in South Korea by trading volume, Bithumb, has launched two cryptocurrency market indices. One tracks all coins listed on the exchange while the other tracks only altcoins. Meanwhile, Upbit, the countrys largest crypto exchange by the number of coins listed, has two similar indices and sub-indices divided into three broad categories.

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

Bithumb Launches Crypto Indices

Largest South Korean Exchange Launches Crypto Market IndicesBithumb announced Wednesday the launch of Bithumb Crypto Index (BTCI) which comprises two separate indices.

The exchange detailed:

BTCI has been developed in consideration of market representation and liquidity to provide investors with a single indicator that can show the trends of the cryptocurrency market. It consists of Bithumb Market Index (BTMI)and Bithumb Altcoin Market Index (BTAI).

BTMI is calculated based on all cryptocurrencies listed on Bithumb while B...

15:28

Bitcoin Cash Price Analysis: BCH/USD Bears Eyeing $400 NewsBTC

Key Points

  • Bitcoin cash price extended losses and broke the $440 swing low against the US Dollar.
  • There is a key declining channel in place with resistance at $440 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to extend losses below the $420 and $410 levels in the near term.

Bitcoin cash price declined further below the $440 low against the US Dollar. BCH/USD remains at a risk of more losses towards the $400 handle.

Bitcoin Cash Price Analysis

Yesterday, we saw a major decline from well above $500 in bitcoin cash price against the US Dollar. The BCH/USD pair traded as low as $440 and later started an upside correction. However, the upside correction was limited and the price struggled to move past $460-470. Moreover, there was no proper close above the 23.6% Fib retracement level of the last drop from the $514 high to $440 low.

As a result, there was a fresh downside move and the price broke the $440 low. A new weekly low was formed at $421 and the price is still under a lot of pressure. An initial resistance is near $440 and the 23.6% Fib retracement level of the recent slide from the $514 high to $421 low. Moreover, there is a key declining channel in place with resistance at $440 on the hourly chart of the BCH/USD pair. A break above the channel resistance and $440 may push the price towards the $450 resistance.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, BCH price is under a lot of pressure below $440 and $450. A break below the $421 low could put bears in control for a test of the $400 handle in the near term.

Looking at the technical indicators:

Hourly MACD The MACD for BCH/USD is about to move back in the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is still well below the 30 level.

Major Support Level $420

Major Resistance Level $440

The post Bitcoin Cash Price Analysis: BCH/USD Bears Eyeing $400 appeared first on NewsBTC.

15:23

Report: Executives Say Blockchain Integration Harder Than Expected NewsBTC

As the frenzy to incorporate blockchain technology into companies existing infrastructure picks up steam, many executives claim that the incorporation of Digital Ledger Technology (DLT) has been harder than they had anticipated.

The report, which was conducted by Greenwich Associates, collected data and responses from more than 200 executives of companies that had been undergoing modernization via the incorporation of blockchain and distributed ledger technologies.

It identified that among the group of surveyed executives, there were a few consistencies regarding what made the incorporation of the tech difficult, including scalability issues, security issues, the need for transactional confidentiality, and the payment component for transactions.

When discussing scalability, 42% of respondents said that it is a major issue, 39% of respondents said it is a minor issue, and 19% said it is no issue at all. With regard to the CEOs of blockchain-centric companies that were included in the survey, only 7% cited scalability as a major issue.

Richard Johnson, the author of the report, suggested that the discrepancy between scalability being an issue at blockchain-centric companies versus non-blockchain companies, could be due to optimism on behalf of the blockchain companies and their technology, or because it represents the fact that a lot of the testing they have done has been in more of a demo environment. When you start connecting with the real world, that introduces latency and slows things down.

The report also found that the majority of companies that are currently testing DLT based transaction solutions have yet to implement them due to slow transaction speeds. Despite this, 2% of respondents said that their systems were able to handle up to 15,000 transactions per second.

Johnson said that although 2% seems like a small number, its a good sign for DLTs potential and future.

Were beginning to see firms figure out how to get the blockchain to run fast and do a lot of transactions per second, and I think thats really encouraging, he said.

Despite Challenges, Widespread Blockchain Adoption Continues  

Despite there being some apparent challenges with implementing DLT technology into existing infrastructure, it is still being widely adopted in order to increase operational efficiency and to reduce fraud and waste.

The most recent example of a widely-utilized blockchain-based system would be IBMs...

15:05

Funny New Advert Shows Bitcoin Is on Googles Mind Bitcoin News

Funny New Advert Shows Bitcoin Is on Google's Mind

Google, which currently sits on the fence with regard to cryptocurrency, took an opportunity to throw shade at digital coins like bitcoin core and bitcoin cash during an advert for its new call-screening feature. In the minute-long segment, popular comedians dressed as Google employees mock crypto mining for wasting electricity and say that virtual currency is not real money.

Also read: Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis Again

Flip-Flopping Google Mocks Cryptocurrency as Not Real Money

The Silicon Valley giant has flip-flopped on bitcoin, banning cryptocurrency adverts at one point and then reinstating them. Notwithstanding Googles crypto skepticism, its parent company, Alphabet, has been rumored to be eyeing a spot in the cryptocurrency space.

...

15:04

EOS' Grand Governance Experiment Has a New Enemy: China's Great Firewall CoinDesk

English or Mandarin? Telegram or WeChat? EOS is finding governance isn't just about code.

14:47

Ethereum (ETH) Price Watch: Next Downside Targets NewsBTC

Ethereum Price Key Highlights

  • Ethereum broke below its latest consolidation pattern, indicating that losses are in the cards.
  • Price is still trading inside a descending channel on the daily chart and looks ready for a test of support.
  • But first, the mid-channel area of interest could attract some buyers since its close to the long-term lows at $150.

Ethereum price could be in for more declines as it bounced off the descending channel resistance and is making its way back down.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside or that the selloff is likely to gain traction. In that case, ethereum could head for the bottom of the channel around $50 or at least until the lows at the $150 area of interest.

Stochastic is heading south so ethereum price could follow suit while sellers have the upper hand. This oscillator has plenty of room before reaching oversold conditions or indicating exhaustion among sellers, so bearish pressure could stay in play for longer. RSI also has some room to head lower but looks ready to turn back up, possibly signaling a pickup in bullish pressure enough for another test of the channel top.

ETHUSD Chart from TradingView

ETHUSD Chart from TradingView

Risk sentiment hasnt been in favor of cryptocurrency gains in the past few days and it doesnt help that regulatory developments are spelling grim odds for further progress either. There have also been jitters ahead of Nouriel Roubinis testimony in Congress this week as he is known for taking a critical stance against cryptocurrencies and repeatedly calling bubbles.

With that, his remarks could continue to keep a lid on ethereum and its peers, unless there are any major positive developments before the week comes to a close.

The post Ethereum (ETH) Price Watch: Next Downside Targets appeared first on NewsBTC.

14:32

Bitcoin (BTC) Price Watch: Just a Few Support Zones Left NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price also broke below the longer-term triangle support and is aiming lower.
  • This follows a short-term triangle consolidation break, signaling that further losses are underway.
  • Price is now closing in on a couple of support areas left before more sellers step on the gas.

Bitcoin price has broken below one triangle pattern after another and has only a few support zones left for bulls to defend.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside or that the selloff is more likely to gain traction than to reverse. The 100 SMA is also close to the top of the falling wedge highlighted below to add to its strength as a ceiling. However, its also worth noting that the gap between the moving averages is narrowing to indicate slowing bearish pressure.

Stochastic is still heading south so bitcoin price could keep following suit until oversold conditions are met. This oscillator has plenty of room to fall before reaching that area, so selling pressure could stay in play for a bit longer.

RSI is also heading lower to signal the presence of bears that could take bitcoin price to the bottom of the falling wedge around $5,600 or at least until the latest lows closer to $5,800. A break below this region could set off an even steeper drop.

BTCUSD Chart from TradingView

BTCUSD Chart from TradingView

The SEC has also been busy cracking down on potentially fraudulent ICO cases, so traders are seeing slimmer chances of the bitcoin ETF applications being approved.

The post Bitcoin (BTC) Price Watch: Just a Few Support Zones Left appeared first on NewsBTC.

14:23

Korea's Largest Bitcoin Exchange Sells Stake in $350 Million Deal CoinDesk

Bithumb, the largest crypto exchange in South Korea by trading volume, just confirmed it has sold over 38 percent of its shares for $350 million.

14:05

Facebook Purge Continues: 559 Pages, 251 Accounts Removed Ahead of US Elections Bitcoin News

Facebook Purge Continues: 559 Pages and 251 Accounts Removed Ahead of US Elections

Facebooks Nathaniel Gleicher, Head of Cybersecurity Policy, and Oscar Rodriguez, Product Manager, announced that Today, were removing 559 pages and 251 accounts that have consistently broken our rules against spam and coordinated inauthentic behavior. It is another decision to purge the worlds largest social media site of political speech, and it just might be a final catalyst for mass adoption of an on-chain, censorship-resistant platform, for example, within the Bitcoin Cash network.

Also read: Singapore Hosts New Fiat-Crypto Exchange, Welcomes Crypto Bank Accounts

Facebook Purges Hundreds of Pages Under Broad Sweep

Nicholas Bernabe, the founder of popular alternative news organization The Anti-Media, posted how Facebook has unpublished my page, The Anti-Media, after falsely accusing us of violating policies. Based in Chula Vista, California, his news page was not anywhere near fraud or spam; it regularly published hard-hitting alternative news articles. Nevertheless, 2.1 million followers and 5 years of work gone, Bernabe wrote.

...

13:30

Max Keiser On The FUTURE Of Bitcoin & The FALL Of The Banking System (Video) "IndyWatch Feed Economics"

Max Keiser On The FUTURE Of Bitcoin & The FALL Of The Banking System Video World Alternative Media Josh Sigurdson talks with Max Keiser of The Keiser Report on RT about the future of Bitcoin and blockchain technology as...

The post Max Keiser On The FUTURE Of Bitcoin & The FALL Of The Banking System (Video) appeared first on The Daily Coin.

13:00

Altcoins Price Analysis: EOS, Litecoin, Stellar Register Double Digit Losses NewsBTC

After yesterdays deep losses, EOS, Litecoin, Cardano and Stellar lumens are back to previous key support lines. Odds are we might see bear trend resumptions as sellers step up, crashing important support lines. Because of this, we recommend sells for Monero and in ES. However we suggest patience for Litecoin and XLM until after there are losses below supports at $50 and 18 cents respectively.

Lets have a look at these charts:

EOS Price Analysis

CypherGlass, a block producer in the EOS network, now enables users to create EOS accounts for less than $1.

The procedure is easy to follow and with EOS Lynx, account creation takes less than one minute.

EOS Price Analysis

Like the rest of the market, EOS is bearish. Though we were neutral waiting for solid close above the main resistance and buy trigger line at $7 in line with our last EOS price analysis, yesterdays 12 percent drop did cancel our stand. As it is, prices are trading below the minor support trend line as bears stream back in line with Sep 5 bears.

In our last EOS trade plan, we reiterated the importance of bulls closing above that high volume bear engulfing pattern all because of this failure of buyers to build enough momentum to reverse those losses. From an effort versus result point of view, this was negative for bulls as bears were technically in charge. Moving on, we suggest selling at spot with stops at $6 and first targets at $4 and later $1.5.

Litecoin Price Analysis

LoafWallet is calling on Beta testers it prepares for the next release. The platform is gearing for direct fiat purchases of Litecoin shifting over from CoinBase to Simplex. This is because some team members were complaining that they werent receiving commissions from purchases all due to regulatory concerns around working with non-US entities. Through Simplex, users from around the globe would easily purchase anywhere between $50 and $20k upon registration.

Litecoin Price Analysis

Back to price and its a blood bath. A single, high volume bear bar did obliterate...

13:00

Tron Price Analysis: TRX Sellers Angling at ATLs of Jan 24 NewsBTC

Despite update of Tron Mainnet via Odyssey 3.1, the launch of a one-in-all developer suite and Justin Sun shills, TRX is likely to drain in days to come. Like in most coins, yesterdays 10 percent depreciation is setting the pace for further lower lows. As such we recommend risk-off traders to sell on pull backs after our stops at Oct 7 lows were hit yesterday. First targets will be at TRX ATLs at Jan 24 lows.

Latest Tron News

Tron and Justin sun are synonymous. While Justin Sun is a good marketer often making headlines when he shills his coin and thrash Ethereum, none of his charms seem to be working at the moment. Though the market was expectant, waiting to see TRX build on the bull pressure after the launch of TVM and the update of Odyssey 3.1, TRX is still under immense bear pressure and tumbling.

Nevertheless, there is some bullish aspect to be gleaned from recent developments. The recent suite release for developers to hit the ground is overly positive. According to Tron, the objective is to allow dApp builders to easily deploy their creativity on the network.

The suite comprises of four major tools including TronGrid which links with Infura allowing developer faster access to the Tron network. On the other hand, TronBox works in a framework environment with a sole purpose of allowing users to test and deploy smart contracts. In fact, Justin Sun tweeted saying the new TVM is 200 times faster than Ethereum and 100 times cheaper than EOS.

Tron Price Analysis

Weekly Chart

...

12:45

SpankChain Says Hacker Returned Stolen Crypto Funds CoinDesk

SpankChain reported Thursday night that a hacker who stole 165 ETH from its payment platform had returned the funds.

12:30

SV Pool Mines Its First Block as Novembers Bitcoin Cash Fork Approaches Bitcoin News

SV-Pool Mines It's First Block as November's Bitcoin Cash Fork Approaches

On Wednesday, Oct. 10, the mining operation SV Pool mined its first Bitcoin Cash block. The pool operators led by the blockchain firms Nchain and Coingeek say that hundreds of miners from all around the world have signed up to mine with the pool.     

Also Read: Zigzag Platform Provides Bitcoin Cash Swaps Over the Lightning Network

Bitcoin SV Pool Makes a Move On the Scaling Chess Board

SV-Pool Mines It's First Block as November's Bitcoin Cash Fork ApproachesTheres a little more than a month left until the Bitcoin Cash (BCH) network upgrade scheduled for November 15. To this day there is still a disagreement between the Bitcoin ABC developers and the team behind Bitcoin SV, the new full node software created by Nchain that has an entirely different upgrade plan. At approximately 10:12 a.m. EDT on Oct. 10, the mining operation SV Pool mined its first BCH block at height 55185. Coingeek and Nchain claim that hundreds of miners are registering for the pool and 233 miners have pre-registered in September...

12:21

Coinbase Launches First ERC-20 Token on Platform Cointelegraph.com News

Crypto exchange Coinbase has added the 0x token to its trading lists, making it the first ERC-20 token supported on the platform

12:00

Halfway Milestone: Crypto Trading App Robinhood Launches in U.S. State #25, Ohio News CCN

CryptocurrencyRobinhood is now in Ohio bringing the number of states that the cryptocurrency and stocks trading app is currently available in to 25. In a tweeted statement, the trading startup indicated that Ohioans can now trade various cryptocurrencies commission-free on the Robinhood app. Some of the cryptocurrencies that the users of the app can trade Continued

The post Halfway Milestone: Crypto Trading App Robinhood Launches in U.S. State #25, Ohio appeared first on CCN

11:13

Report: SEC Expands Crackdown on ICOs, Regulatory Ambiguity Remains Cointelegraph.com News

Despite calls from the U.S. Congress to provide regulatory clarity on ICOs, the SEC has reportedly expanded its crackdown on Initial Coin Offerings, according to a report

10:56

Humans to Become Nearly Redundant in Crypto Trading Cointelegraph.com News

Data services pave the way for AI-enabled trading decision making #SPONSORED

10:40

Cryptocurrencies Pose No Risk to Global Financial Stability: International Watchdog News CCN

bank for international settlementsA report published by the Financial Stability Board (FSB) on Wednesday, claimed that cryptocurrencies do not pose a risk to global financial stability at the present time while suggesting crypto markets need to be monitored. The report, which focuses on an assessment of the likely implications of crypto-assets for financial stability is a follow-up on an initial Continued

The post Cryptocurrencies Pose No Risk to Global Financial Stability: International Watchdog appeared first on CCN

10:30

Hundreds of ICOs Being Secretly Investigated by SEC, Claims Report Bitcoin News

'Secret' US Investigations into 'Hundreds' of ICOs, SEC 'Tightens Noose,' According to Report

Hundreds of startups are reportedly being secretly targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.

Also read: Europe, Japan and the Drug of Quantitative Easing

SEC Tightens the Noose on Startups That Used an ICO

Hundreds of ICOs Being Secretly Investigated by SEC, Claims ReportYahoo Finance and Decrypt claims that Hundreds of star...

09:32

Crypto Regulations for UK Could Take Two Years, Says Legal Expert Cointelegraph.com News

An expert from British law firm RPC stated that the introduction of a regulatory framework for crypto in the U.K. could take two years, based on past regulatory extensions

09:30

Blockchain Platform Joins Transport Alliance to Better Offer Supply Chain Solutions NewsBTC

Chainstack, a Singapore-based multi-cloud and multi-protocol Platform as a Service using decentralized networks, has joined the Blockchain in Transport Alliance (BiTA).

BiTA is involved in determining best practices in the transportation, logistics, and supply chain marketplace using blockchain.

Supply Chain Platform Chainstack Joins Worlds Largest Commercial Blockchain Alliance

The world has spent the last few years finding new use cases for blockchain. Billions of dollars have been spent funding DLT startups that aim to disrupt entire sectors of the global economy. Supply chain is one of them as blockchain promises to digitally identify and track transactions, contracts and shipments, which make operations more transparent and reliable.

Using distributed ledger systems will improve customer experience and create new revenue streams by improving numerous processes, according to Chris Burrus, president of BiTA, reports Freight Waves.

Blockchain can transform the supply chain by improving transparency and innovation. We are pleased that Chainstack has joined the Alliance, and I believe its technology expertise will help BiTA develop and deploy blockchain standards.

Burruss also stated: Blockchain technology has the potential to improve performance for every company within the industry, and more importantly improve the experience those companies provide their customers. Alliance members are working together towards this important goal.

Chainstack, whose set of APIs helps businesses to implement decentralized networks and progress from PoC to production on their use cases, intends to expand their business in the logistics sector, according to Laurent Dedenis, CEO of Chainstack.

The transport and supply chain management industries are being enhanced by blockchain-based solutions. The prospect of optimizing processes and cost is huge, and to realize the full potential of blockchain, industry players will need a platform like Chainstack that provides ease of use in deployment and flexibility in cloud and protocol choice.

BiTA has more than 450 members collectively generating over $1 trillion in revenue annually, making it the largest commercial blockchain alliance in the world. Primarily from freight, transportation, logistics, and affiliated industries, members aim to educate the market and develop a standards framework.

The Blockchain in Transport Alliance has included big names in their membership in its goal to implement blockchain technology for the purpose of improving security and transparency in the shipping industry. FedEx, GE transportation, and JD Logistics, United Parcel Servic...

09:25

Dr. Nouriel Roubini vs. Bitcoin: Senate Hearing Breaks Down His Arguments News CCN

Nouriel Roubini bitcoin cryptocurrencyThe United States Senate Committee on Banking, Housing, and Urban Affairs held an informational hearing today titled Exploring the Cryptocurrency and Blockchain Ecosystem. The speakers included Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business; and Mr. Peter Van Valkenburgh, Director of Research, Coin Center. Both gave testimonies on Continued

The post Dr. Nouriel Roubini vs. Bitcoin: Senate Hearing Breaks Down His Arguments appeared first on CCN

09:12

SEC Obtains Emergency Court Order to Halt Questionable ICO Bitcoin Magazine

SEC court order

The U.S. Securities and Exchange Commission (SEC) has obtained an emergency court order issuing the stoppage of a recently planned initial coin offering (ICO) by Blockvest LLC and its founder Reginald Buddy Ringgold III, who falsely advertised that the token sale was approved by the SEC.

According to the SEC, Blockvest has repeatedly violated both anti-fraud and securities registration provisions by incorrectly claiming that its ICO had obtained regulatory approval from Commission officials. The order further states that Ringgold who also works under the name Rasool Abdul Rahim El was using the SEC seal without the organizations permission.

In addition, the SEC says that Ringgold often touted the ICO as being licensed and regulated, and that he promoted the event through a false agency known as the Blockchain Exchange Commission, which used graphics similar to the SEC seal and boasted the same address as the SECs headquarters.

Robert A. Cohen, chief of the SEC Enforcement Divisions Cyber Unit, comments, We allege that this ICO is using both the SEC seal and a made-up crypto regulatory authority to trick investors into believing the ICO was approved by regulators. The SEC does not endorse investment products, and investors should be highly skeptical of any claims suggesting otherwise.

Furthermore, Ringgold is being accused of misrepresenting Blockvests alleged ties to the National Futures Association (NFA) and continuing to use the groups seal on assorted documents and marketing materials, even after representatives had sent him a cease-and-desist letter requesting that he discontinue his statements regarding Blockvests connections with the NFA.

The order is seeking the return of any gains obtained through false or misleading tactics, along with both interest and penalties. The SEC is also working to bar Ringgold from participating in any securities offerings, including digital securities, in the future. The organization has frozen all of Ringgolds assets, while a hearing is scheduled for October 18, 2018, to examine whether the freeze should continue and if a preliminary injunction should be issued.

The incident serves as further proof that the SEC is playing hardball in the digital asset space. Recently, the SEC along with the Commodity Futures Trading Commission (CFTC) and the Federal Bureau of Investigation (FBI) took firm action against 1pool Ltd., a brokerage firm based in the Marshall Islands, and its CEO Patrick Brunner. The...

08:49

Chinas Central Bank Seeks Digital Currency Specialists Cointelegraph.com News

Chinas central bank, the Peoples Bank of China, is seeking professionals with digital currency and blockchain experience

08:30

Senators and Industry Insiders Weigh in on Crypto in Senate Hearing NewsBTC

During a U.S. Senate Committee on Banking, Housing, and Urban Affairs hearing earlier today, senators and crypto industry experts commented on the industry at large. As you might expect from a hearing on such potentially disruptive technologies, a variety of different views were expressed, both positive and negative.

Senate Banking Committee Hears of Innovative Potential, Market Manipulation, and Crypto Criminality

Taking a decidedly negative view of cryptocurrencies and their underlying blockchain technology was Democratic presidential hopeful Elizabeth Warren, along with potential Banking Committee chair, Ohio Senator Sherrod Brown, and others.

According to a report in Forbes, Warrens main contention was that cryptocurrency is easy to steal and the space is rife with fraudulent investment prospects. The Massachusetts Senator went on to claim that investor protection was of utmost importance when considering regulation:

The challenge is how to nurture productive aspects of crypto with protecting consumers.

Meanwhile, Brown echoed some of Warrens sentiment. His concerns lay in the number of families exposing themselves to the volatile markets without adequate consideration of the financial risks posed. He continued, stating that cryptocurrency could well bring much needed banking services to those who currently make do without, but that scams in the space far outweigh the useful applications of the technology for now.

It was far from all doom and gloom at the Senate Banking Committee hearing, however. Pat Toomey, Pennsylvanian Republican Senator and next in line for the position of committee chair pending a successful election result, provided a refreshing critique of central banking:

Central banks over time havent had the greatest record of preserving the value of their currencies.

Also taking a positive view of the technological innovation was current committee chair, Republican Mike Crapo. He outlined the revolutionary potential of blockchain technology and cryptocurrency:

Blockchain networks have the potential to improve processes for things like smart contracts, payments and settlement, identity management, and even things yet undiscovered.

Crapo was also careful to highlight that price volatility and the potential for pump-and-dump schemes remained areas of concern.

Of course, the issue of criminality associated with cryptocurrency was raised too. Alabama Democratic Senator Doug Jones stated t...

08:30

Nigerian Startup Kubitx Launches Bitcoin Exchange in Beta Bitcoin News

Nigerian Startup Kubitx Launches Bitcoin Exchange in Beta

Kubitx, a Pan-African financial technology startup registered in Malta, announced the beta launch of its new cryptocurrency exchange on Thursday. The platform, which supports seven digital coins for the test, including BCH and BTC, will initially be available to users in Nigeria, before the company expands it to other African countries in the coming months.

Also read: Billion-Dollar Startups Flourishing in Switzerlands Crypto Valley

Hybrid Exchange Facilitates Payments,
Remittances and OTC Trades

...

08:15

Analyst: Bitcoin Needs Blessing From SEC to Rally, Market Desperate News CCN

bitcoin regulationNaeem Aslam, chief market analyst at Think Markets UK, has stated that Bitcoin needs a blessing from the US Securities and Exchange Commission (SEC) to revitalize and experience a recovery in price. According to Aslam, the approval of the first Bitcoin exchange-traded fund (ETF), which would allow accredited investors and individual traders in US markets Continued

The post Analyst: Bitcoin Needs Blessing From SEC to Rally, Market Desperate appeared first on CCN

07:57

This Isnt How We Saw This Going: Civils Token Sale Is Treading Water Bitcoin Magazine

This Isnt How We Saw This Going: Civils Token Sale Is Treading Water

Despite a flurry of media attention surrounding the project, Civil, an Ethereum-based platform aiming to save journalism, cant seem to get enough buyers for its token.

The project released a transparency report showing the figures behind its CVL token sale, which ends at 11:59 p.m. EST on Monday, October 15, 2018, and the numbers do not look good.

This isnt how we saw this going, Civil founder Matthew Iles wrote on October 10. We dont know if it will work.

The project needs to raise $8 million to meet its soft cap goal, but, so far, it has only raised $1.3 million from 680 people since September 18, 2018, when the sale started. The ICO money would have supported grants for Civil newsrooms, as well as original journalistic work. Civil has said in the past it will refund people if it cant raise enough to meet its goal.

Most of the tokens ($1.1 million worth) were bought by ConsenSys, a blockchain venture studio run by Joseph Lubin, an Ethereum cofounder. ConsenSys purchased the tokens in two separate buys last month, the report said. The venture studio also backed Civil with $5 million in funding in October 2017. ConsenSys is the projects sole investor to date.

Civil has a fixed supply of 100 million tokens. The project is holding on to 33 million tokens. Some of that will go to employees and advisors who contributed to the project early on. Another 33 million tokens will go to mission-aligned partners who joined the network at launch. (The Associated Press and Forbes count among those partners.) And the final 34 million tokens were to be sold to raise money for the project. Civil said it was hoping to close several large buyers in addition to ConsenSys to go the distance, but that hasnt happened.

One of the problems is that Civil is only allowing individuals who actually plan to use the tokens on the platform to participate in the sale. Purchasers have to pass a test before they are allowed to buy CVL, and, according to some reports, the test is really hard to pass, especially for people who are unfamiliar with the crypto space. That means that the average investor is getting left out.

Regulatory action...

07:30

UK Cloud Mining Service Argo Offers Bitcoin Mining at the Touch of a Button NewsBTC

London-based cloud mining firm Argo has announced that it will allow its users to mine Bitcoin using its rapidly growing platform. The number one digital currency by market capitalisation will be included next to a host of other popular cryptos from early next month.

Argo to Include Bitcoin as Part of Its Mining as a Software Platform

A cryptocurrency cloud mining company has announced that it will add Bitcoin to its roster of altcoins from November 1, 2018.

The planets most popular digital asset will join the likes of ether, Bitcoin Gold, ETC, Zcash, Komodo, and Horizen as part of Argos services aimed at aspiring crypto miners who are less tech-savvy. With Bitcoins inclusion, the total number of digital currencies supported will be seven.

According to a report in BusinessCloud, the decision to offer Bitcoin on the Argo platform was made in response to public demand. Mike Edwards, the companys co-founder and president, had the following to say about Bitcoins inclusion:

We have seen strong demand for Bitcoin and our growth strategy is customer-led. We look forward to offering even more choice as demand grows and we invest in our platform.

Argo is a technology startup operating out of London, England. The firm offers digital asset cloud mining services for a monthly subscription. Their goal is to become the most trusted and transparent provider of mining services aimed at those who lack the technical know how or expensive hardware needed to provide computing power to a range of public blockchains.

The company, which was floated on the London Stock Exchange this August, has already seen a ten-fold increase in the number of subscriptions sold in its short existence. During its initial public offering (IPO), the startup was able to raise $32 million. It trades under the ticker ARB and currently claims to serve 4,200 cloud miners from around the world.

Argo operates extensive state-of-the art data centres out of Quebec, Canada. Excluding the necessary hardware itself, perhaps the largest overhead for cryptocurrency miners is electricity. Thanks to its abundant cheap energy, many mining operations have relocated to Canada in recent months. The cold climate also allows those running huge numbers of specialised computer chips in a confined data centre environment to save on heat extraction costs.

In a promotional video from the Argo website, t...

07:10

US SEC Halts Fraudulent ICO That Claimed to Possess Regulators Approval Cointelegraph.com News

The U.S. Securities and Exchange Commission has halted a fraudulent ICO that falsely claimed it had the regulators support and created a fake regulatory agency

07:05

SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval News CCN

SEC ICO CryptocurrencyThe U.S. Securities and Exchange Commission (SEC) announced on Thursday that it had obtained an emergency court order to halt an initial coin offering (ICO) that fraudulently claimed to have SEC approval. According to the complaint, which was filed under seal on Oct. 3, Blockvest LLC and its founder Reginald Buddy Ringgold, III, aka Continued

The post SEC Halts Fraudulent ICO that Falsely Claimed Regulatory Approval appeared first on CCN

06:40

Crypto Defender Spars With Famed Critic During US Senate Hearing CoinDesk

Peter Van Valkenburgh explained the potential benefits from cryptocurrency and blockchain while Nouriel Roubini called it "the mother of all scams."

06:35

The IMF Fears Cryptocurrency. It Should. "IndyWatch Feed Nthamerica"

The International Monetary Fund refers to cryptocurrency only once in its 215-page World Economic Outlook for October 2018, but that reference is telling: "Continued rapid growth of crypto assets could create new vulnerabilities in the international financial system."

06:30

Roubini Trashes Crypto and Blockchain, Calls Them a Failing Set of Technologies NewsBTC

American economist and chairman of economic consultancy firm Roubini Macro Associates LLC, Nouriel Roubini, is keeping his earned nickname of Dr. Doom intact, providing an incredibly bearish report on cryptocurrencies and Bitcoin in front of the U.S. Senate today.

Cryptocurrency is the Mother of All Scams and Bubbles

Dr. Nouriel Roubini, who has earned the nicknames Dr. Doom and permabear through his routinely negative predictions about financial markets such as cryptocurrencies, read through a scathing 37-page report today.

Taking place in front of the U.S. Senate Committee on Banking, Housing and Community Affairs, Roubini gave his views on cryptocurrencies and the blockchain technology powering them in his report entitled Exploring the Cryptocurrency and Blockchain Ecosystem.

Roubini, who in the past called Bitcoin the biggest bubble in human history, bullshit, a ponzi game, and something that only attracts suckers, and warned of Bitcoin prices going to all the way down to zero, didnt hold back during todays hearing.

Roubini claimed that cryptocurrencies are the mother of all scams and bubbles and called cryptocurrency investors clueless for buying assets offered by scammers, swindlers, criminals, charlatans, insider whales and carnival barkers.

Roubini continued his full on assault on Bitcoin, also calling attention to the cryptocurrencys volatility, making it a poor store of value or payment solution, and citing Bitcoin minings effect on energy consumption.

The permabear pointed out Bitcoins 70% drop from its $20,000 all-time high in December 2017, but compared it favorably next to altcoins, which he referred to as shitcoins, before apologizing to the Senate Committee for insulting manure.

Actually calling this useless vaporware garbage a shitcoin is a grave insult to manure that is a most useful, precious and productive good as a fertilizer in agriculture, he said apologetically.

Permabear Blasts Blockchains Early Beginnings

Roubinis blasts spilled over into the technology underpinning cryptocurrencies like Bitcoin, which many believe could revolutionize a variety of industries, including finance. The outspoken economist also trashed blockchain, calling it the...

FSB: Crypto-Assets Not a Threat to Global Financial Order Bitcoin News

FSB: "Crypto-Assets do not Pose [...] Risk to Global Financial Stability"

Cryptocurrencies do not pose a threat to global financial stability, but the diverse range of national regulatory regimes throughout the world continues to complicate efforts to establish an international legislative framework overseeing their use, the Financial Stability Board says in a new report. 

Also Read: Billion-Dollar Startups Flourishing in Switzerlands Crypto Valley

Report Advocates Vigilant Monitoring

FSB: "Crypto-Assets do not Pose [... ] Risk to Global Financial Stability"In a document titled Crypto-asset markets: Potential channels for future financial stability implications, the FSB argues against an alarmist view of the perceived threat that cryptocurrencies may pose to financial markets throughout the world. It finds that based on the availa...

05:57

The Young and the Restless: Millennial Males Dominant Among Crypto Investors in the US News CCN

Bitcoin MillennialAge and gender seem to be crucial factors when it comes to purchasing cryptocurrencies in the worlds largest economy. According to a survey conducted by cryptocurrency startup Circle, the interest of millennial men in investing in crypto is higher than that of millennial women with 18% of the former planning on investing in crypto in Continued

The post The Young and the Restless: Millennial Males Dominant Among Crypto Investors in the US appeared first on CCN

05:45

Indian Govt Is Evaluating the Launch of Its Own Cryptocurrency, Sources Say Cointelegraph.com News

Indian government is evaluating the possibility of issuing a state-backed cryptocurrency, Quartz India reports

05:30

Koreas Finance Regulator: We Should Not Equate Cryptos with Blockchain NewsBTC

South Koreas top financial regulator on Thursday clarified that initial coin offering (ICO) issuance will remain banned despite the governments inclination towards setting up a blockchain hub in Seoul.

Choi Jong-koo, the chairman of the Financial Services Commission (FSC), said during their parliament audit session that they should not confuse the potential of blockchain with the possibility of cryptocurrencies. He added that companies issuing crypto assets to generate funds for volatile projects could pose severe risks to investors, reports Business Korea.

Many people say the Korean government should allow ICOs, but ICOs bring uncertainty, and the damage they can cause is too serious and obvious, Choi said. For these reasons, many foreign countries ban ICOs or are conservative towards them.

Lawmakers Recommend ICO Regulation

The remarks appear after the lawmakers efforts to make amendments to South Koreas Electronic Financial Transaction act which does not recognize cryptocurrency transactions.

There are currently five crypto-focused bills pending in the National Assembly that seek regulations for cryptos and ICO issuance. The digitized crowdfunding method remains banned since FSCs direction in September 2017 which, lawmakers believe, is hurting South Koreas potential in the global blockchain market.

The National Assembly has officially proposed to allow private ICOs. As the administration is sitting on its hands after imposing a total ban on ICOs in September last year, the National Assembly has come forward with an official recommendation, the proposal reads.

Choi, however, believes ICO rounds are misleading because of weak investor protection and little business planning.

We are [first] investigating the side effects of initial coin offerings (ICOs) from cases in overseas countries, the chairman said in response to lawmakers recommendations.

Blockchain Exodus

Chois remarks about not equating blockchain and cryptos have ended up showing the celebrated regulators weak understanding of the digital ledger technology.

Digital tokens represent the core purpose of a public ledger, a reward to keep a decentralized network immutable, censorship-free and most importantly, secure. Without it, a blockchain network is no less than a private database.

South Korean blockchain startups could find themselves unable to practice between following legalities and maintaining innovation. It is a hard balance to maintain. On top of that, an un...

04:57

Bitcoin Price Intraday Analysis: BTC/USD Bottom in Sight News CCN

Bitcoin priceThe Bitcoin-to-USD exchange rate is trading lower on Thursday, on track to restest its bottom area below 6000-fiat. The pair is trading down 5.05 percent to 6195-fiat, after recovering from its intraday low near 6045-fiat, after spending two weeks in a sideways consolidation range, awaiting breakout. Bitcoins inability to breach through a medium-term descending trendline, Continued

The post Bitcoin Price Intraday Analysis: BTC/USD Bottom in Sight appeared first on CCN

04:50

Coinbase Adds First Ethereum Token to Professional Trading Platform CoinDesk

Coinbase announced it was listing the 0x Protocol token on its professional trading platform Thursday.

04:30

Analyst: Bitcoin Price Drop Could Put its Gold 2.0 Status in Jeopardy NewsBTC

Over the past month, Bitcoin saw an unprecedented period of trading within a tight range, which has finally broken for the worse. The move could mark the continuance of the persisting bear market and adds a significant amount of work for bulls looking to reverse the market trend.

Today, Bitcoins price took a sharp fall from approximately $6,600 to just under $6,300, marking the first major breach of the previously established trading range. Over the past month, Bitcoin has been trading between $6,300 and $6,800, with this range tightening over the past couple of weeks.

Just prior to this price swing, Bitcoin had established an incredibly tight trading range between $6,550 and $6,650, which appeared to be stable until the latest drop, which brought its price to the bottom of the wider monthly trading range. It has found some stability at this price level, but it is unclear whether or not it will maintain its current price of $6,300.

Bitcoin Prices Tied to Global Equities Markets

Many analysts have attributed Bitcoins latest drop to pullback in the global equities markets, which could jeopardize the perception that Bitcoin is a gold 2.0 that is immune from swings in traditional retail markets.

Craig Erlam, a senior market analyst at Oanda, spoke to MarketWatch about how the recent Bitcoin selloff is related to the global equities drop, saying:

The selloff also appears to have stretched to more exotic instruments, with Bitcoin neither displaying the qualities one would expect of gold 2.0, as it has been touted as by some cryptocurrency enthusiasts, or simply escaping relatively unscathed as a new and relatively uncorrelated asset.

Erlam also added that $6,000 seems to be a critical support level for Bitcoin.

This truly is a widespread selloff and anything perceived as a risky asset has been in the firing line. What will be interesting is whether this will be enough to force Bitcoin below $6,000 which has proven to be something of a floor for the crypto on numerous occasions this year, he said.

Altcoins have been significantly affected by the latest BTC drop, with many coins dropping more than 10% on a 24-hour trading period. XRP is currently trading down 12% at just under $0.41, and has been the most affected of the major altcoins.

ETH and BCH have also dropped significantly, both trading dow...

04:30

Bitcoin Puzzles $1.9M Prize Purportedly Won in a Week Bitcoin News

Last week, a bitcoin picture puzzle appeared online in which players were challenged to uncover the private key to a BTC wallet. The game sparked major interest, for its 310 BTC prize was magnitudes greater than anything previously offered by a game of this nature. But it appears that somebody has now won the jackpot, as the wallet was drained on Oct. 10.

Also read: Bitcoin Puzzle Games Are Growing in Popularity

Crypto Challenge Promises
Greatest Jackpot of Its Kind

This is a challenge in which 310 BTC is hidden in the picture shown above. Whoever finds the key to the coins may keep the bitcoins, explained the anonymous creator of the Bitcoin Challenge website and visual puzzle. Puzzle-based bitcoin games have proven popular in recent years, combining elements of cryptography with straightforward sleuthing, capped by a juicy reward for the victor. The prizes for such games has tended to average between 1-5 BTC. The value of this latest jackpot, at some $1.9 million worth of BTC, attracted interest and suspicion in equal measure.

...

03:54

Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong? News CCN

bitcoin priceThe sudden plunge in the price of Bitcoin has demonstrated that while it lacks correlation with the broader financial market, it is not inversely correlated with the global market. Bitcoin and major cryptocurrencies are considered as a robust store of value for investors to hedge against the broader financial market because of its lack of Continued

The post Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong? appeared first on CCN

03:15

Nearly $1 Billion Stolen In Crypto Hacks So Far This Year: Research CoinDesk

The losses related to crypto hacks continue to rise sharply, with nearly $1 billion stolen in the first nine months of 2018, research suggests.

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