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One major class of attacks to hit the hacking landscape recently
is cryptomining. While cryptomining on its own
supports a good cause when being done consciously, it also
allows nefarious actors to make a lot of money fast, and, with the
sheer number of cryptocurrencies available to mine, it is becoming
a popular choice for attackers.
The technique essentially involves an attacker taking advantage of another persons computer and using its CPU power to mine for cryptocurrency. If the malware is configured to consume a large percentage of CPU power, it can prevent the CPU from doing other tasks and effectively deny the user access to the machine and its application.
The malware mining work is often done through mining pools, a collaborative framework which allows numerous miners to work together, thus increasing the amount of money the attackers can make collectively.
So what can organizations do to protect their systems against this attack?
Attackers try to exploit any publicly available interface that will allow them to carry out the attack. Such interfaces can include misconfigured services in the cloud like databases, caches, management tools like Kubernetes and more. For example, recent research from Imperva shows that 75 percent of Redis servers are infected with cryptomining malware.
Having said that, web servers remain the largest target for attacker, since they are meant to be public.In fact, cryptomining has grown so popular that, in the closing months of 2017, there was a surge in attacks, where researchers saw that 88 percent of all remote code execution attacks (RCE) sending requests to external sources were trying to download cryptomining malware on target machines.
To carry out cryptomining attacks, hackers will first look for an RCE vulnerability, which allows attackers to run arbitrary code on the vulnerable server. For example, a recent RCE vulnerability attackers used to mine cryptocurrency was relat...
Bitcoins cost Shot well over $7, 000 Tuesday in a dramatic move that took the cryptocurrency into a degree that it has not seen in more than a month. As of press time, the planets most valuable cryptocracy after market capitalization is trading at $7, 368.22, up more than $600 from the days available at $6, 726.40. Really, the market moved fast, posting the profits in the course of 45 minutes. CoinDesks Bitcoin Price Index registered an industry high of $7, 408.28 under a sudden spike upward. The last time the cost was this high was on June 10, BPI figures reveal.
At that time, Bitcoin is the largest winner among the top 10 cryptocurrencies by market capitalization and is reporting a 16.19 per cent week-to week cost increase, according to cost tracking website CoinMarketCap. Other significant cryptocurrencies are following suit an ordinary event when bitcoin prices surge. Names such as XRP, EOS, and litecoin are all printing profits above 6 per cent. Feb CoinMarketCap, the total market capitalization of the cryptocurrency market hit approximately $287 billion in light of the industry uptick. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Social petition platform, Change.org, has announced the launch of a screensaver that mines Monero on behalf of the organization. The Mining Screensaver will pool the computing power of the programs users, with all XMR generated being automatically transferred to the Change.org Foundation.
Change.org has partnered with marketing agency, Traceylocke Brazil, to launch a screensaver that mines bitcoin whilst users computers sit idly. According to Change.orgs website, the screensaver ensures that your computer mines cryptocurrency when youre not using it, and The amount you earn is directly donated to the Change.org Foundation.
The petition pl...
The U.S. Department of Energy (DoE) has announced it will award 95 grants for a total of $95 million to 80 businesses in 26 states. One beneficiary is blockchain business Grid7, which is set to receive almost $1 million as a government grant.
Grid7 is being awarded $999,363 by the DoE and previously received around $150,000 in 2017 through an earlier phase of the same program. The Colorado-based project aims to provide a scalable platform for secure energy transactions and control.
According to the database: The project will develop a novel software platform to address critical cybersecurity threats for power plant control systems, industrial control systems, and Cyber-Physical Systems (CPS) by leveraging blockchain and other patent pending cybersecurity technologies developed in this project. Other applications will enable secure energy transactions to increase grid reliability and integrate a more decentralized energy infrastructure.
Grid7 claim that the electric grid is transforming from a centralized system, via a decentralized system, to a distributed system. At this point, Distributed Energy Resources (DERs) come together in the form of Nanogrids and Microgrids. These include distributed solar, energy storage, and electric vehicles.
The funding, which was awarded in the second phase, went to startups that had shown technical feasibility for innovations during the initial funding round. This means the blockchain project had convinced the DoE that their product was feasible and worthy of development. If the project meets the third phase of funding, it would receive federal or private funds which would have no dollar or time limits.
The DoE recognised that small businesses play a large role in pushing innovation and creating jobs in the U.S. economy. It also highlighted that the programs were created to advance innovation in federal agencies leading to the possibility of a government agency adopting the blockchain model. For projects that receive this funding, they give the government a royalty-free licence for Federal Government use.
Managing Partner of Grid7, David Cohen, was previously an executive board member of the IOTA Foundation, which is focused on the sharing economy and the Internet of Things (IoT). Cohen was a founding Emeritus Member of the GridWise Architecture Council (GWAC), which helped create the vision for the SmartGrid industry and contributed to drafting the Energy Independence and Security Act of 2007.
Grid7 used rule 506(b) as an exception to its token being classified as a security even though its claimed type of offering was the simple agreement for future tokens (SAFT). This model was sa...
Users are increasingly concerned that an exchange claiming to be based in Singapore is pulling an exit scam following suspicious trading activity and locked wallets that are now preventing all users from withdrawing funds. On July 11, CCN reported that BTC/USD was trading on the WEX exchange at over $9,000 despite the global market average
The post Concern Mounts Over Potential Crypto Exchange WEX Exit Scam appeared first on CCN
The number one cryptocurrency has seen its price dramatically increase in the last few hours. Bitcoin has absolutely smashed the $6,800 resistance level many felt crucial for bullish sentiment to return to the market.
The price of Bitcoin has today seen massive gains from its daily low of around $6,650 according to industry analysis website CoinMarketCap. At the time of writing, a single Bitcoin is priced at over $7,338. Its the largest jump in the price of the digital asset in recent months.
Its difficult to say exactly what has caused the sudden growth in the market capitalisation of Bitcoin. However, the fundamentals of the asset have been gradually improving this year whilst the market remained a pessimistic environment for investors.
In recent weeks, Bitcoin has had positive regulatory news in the form of the U.S. Securities and Exchange Commission (SEC) deciding not to classify it as a security. There are also renewed hopes for a Bitcoin exchange traded fund on the horizon. On top of all this, there are unprecedented efforts from leading companies in the space to appeal to the institutional investor class. The likes of Circle, Coinbase, and Blockchain are all exploring creating a tailored service for high net-worth money managers.
Another interesting observation about todays price surge is that trading volume also seems to be rocketing up right now. Volume over the last hour is almost nine times that of the previous 60 minutes.
One clear indication of a huge wave of demand coming for Bitcoin is digital asset exchange giant Binance suddenly crashing. However, it appears that the downtime was short-lived as the exchange is up and running at the time of writing.
Exchanges suddenly becoming overwhelmed by demand is something of a hallmark of a massive spike in interest in Bitcoin. This was evidenced at Coinbase on multiple occasions in the famous bull market of 2017.
Another potential cause for this sudden interest in Bitcoin is that Goldman Sachs former chairman and CEO...
Stronghold, a cryptocurrency trading platform housed by Stellar,
is launching a stablecoin on its parent networks blockchain in
collaboration with IBM. Stronghold USD will be backed with
one-to-one U.S. dollars per coin, according to an official press
release, and held in an account with Nevada-based Prime Trust,
the same trust company that banks for the stablecoin
The stablecoin is also purportedly protected by FDIC Insurance, something no other stablecoin or cryptocurrency company bar Coinbase and Gemini can claim. Founded in 1933 in the throes of the Great Depression, the FDIC is a federal agency that provides deposit insurance for clients at commercial banks and savings institutions, covering amounts up to $250,000.
As an exchange, Stronghold acts as a Stellar network anchor, a trusted entity that holds deposits and issues corresponding credit for these deposits. Anchors allows Stellars users to bridge the gap between networks, as any currency (fiat or crypto) can be represented as credit on the network and traded accordingly (except for lumens, which is Stellars native coin and is settled on-chain without the need for an anchor or credit).
Stronghold USD will act as a new anchor for Stellars network. Underpinned by Stellars blockchain, Stronghold USD will be issued and transacted on the network, and users will be able to liquidate their Stronghold USD through Strongholds exchange or Prime Trust.
IBMs involvement in the project is unsurprising given the legacy tech companys ongoing partnership with Stellar. Stronghold also chose to collaborate with IBM to explore the potential business and enterprise application of their newest offering. The partnership will test this potential by examining use cases for the blockchain businesses that leverage IBMs blockchain platform.
The digitization of real-world assets using blockchain can dramatically transform many forms of financial transactions conducted around the world, Global Vice President of IBM Blockchain, Jesse Lund, said in a statement.
New types of fiat-backed instruments, like Strongholds USD token, have the potential to improve the backbone of international banking operations and payments, giving banks an easier way to integrate with public blockchain networks without significant changes to their core banking and compliance infrastructure.
The company statement seems to take aim at other stable tokens in the ecosystem: [the] intent of issuing a token, like Stronghold USD, is to strengthen confidence in the practi...
The bitcoin price has surged 10 percent over the past 30 minutes, subsequent to experiencing a substantial spike in its volume. Within one-hour period, the price of bitcoin, Bitcoin Cash, ether, Ripple, and EOS increased by 6 to 10 percent, as the valuation of the cryptocurrency market surged to $292 billion from $272 billion, by
The post Crypto Market Adds $20 Billion in 30 Minutes as Bitcoin Spikes Above $7,400 appeared first on CCN
Bitcoin price has skyrocketed on Tuesdays evening trading session, making upward gains to peak at $7,483. The price of bitcoin, the worlds first and largest cryptocurrency, exploded to its highest trading levels since the first week of June after gaining nearly $700 in less than an hour on Tuesday evening (UTC). After trading around resistance
The post Newsflash: Bitcoin Price Goes Vertical Near $7,500, Hits 5-week High appeared first on CCN
Mastercard won a U.S. Patent on Tuesday for a way of speeding up cryptocurrency payments. The document, released July 17 from the U.S. Patent and Trademark Office, clarifies that although cryptocurrencies have seen increased use on conventional fiat monies by consumers who value anonymity and security, the wide disparity in payment processing times between the two classes of assets places cryptocurrencies in a disadvantage. . Theres a requirement to improve on the storage and processing of transactions that use blockchain monies, the patent claims. It goes on to explain. It frequently takes a significant quantity of time, around 10 minutes, for a blockchain based transaction to be processed.
Conversely, traditional fiat payment transactions which are processed using payment networks frequently have processing times which are measured in nanoseconds &hellip, Therefore, many entities, particularly retailers, retailers, service providers, along with other purveyors of products and services, can be wary of accepting blockchain currency for products and participating in blockchain transactions. . To reduce these transaction time, the company will be supplying a brand new kind of user accounts able to transact in cryptocurrencies, but pegged to a fiat currency. This account would join a collection of profiles capable to identify an individuals fiat currency sum, the amount of the currency chain, the account identifier and an address. .
The transactions themselves might use the fiat currencys payment railings and security attributes, but each transaction will be a cryptocurrency. Mastercard additionally adds that by calculating transactions made with cryptocurrencies in this manner, payment networks could be in a position to evaluate the chance of fraud and assess danger of blockchain transactions using existing fraud and hazard calculations and information which can be obtained to payment networks, like historic fiat and blockchain transaction information, credit bureau information, demographics info, etc., thats unavailable to be used in blockchain networks. .
Indeed, this isnt the very first time Mastercard has voiced interest in addressing consumer protection at the area of crypto, having applied for a separate patent last year looking at building refund solutions for cryptocurrency transactions. Mastercard picture via Allmy / Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and complies with a strict set of qualitative policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin's price shot well above $7,000 Tuesday in a dramatic move.
Crypto markets are mostly continuing to build on a major upswing that kicked off yesterday, with virtually all of the top ten coins by market cap seeing ongoing growth
This week the RSK Labs development team launched a new service that provides programmers with a variety of tools to build decentralized applications. According to RSK, the Dapp platform will provide developers with a great deal of infrastructure services all in one place.
The Rootstock (RSK) project is a Turing-complete smart contract sidechain that is pegged 1-1 to BTC. Additionally, the RSK platforms virtual machine (VM) is backward compatible with the Ethereum VM which adds even more depth to the system. Back in February, news.Bitcoin.com reported on RSK mining its genesis block which initiated the launch of the RSK ecosystem. This past spring, at the Consensus event in New York, RSK Labs co-founder Gabriel Kurman revealed that the sidechain was now secured by 1 in 10 BTC miners. Furthermore, theres been a few walkthroughs and step-by-step guides on how developers can build smart contracts using the RSK netwo...
Japans internet services giant GMO Internet has today launched a new Internet banking business that will implement blockchain as a key part of its technological arsenal
Its common for longtime cryptocurrency investors to advise newcomers to invest heavily in bitcoin and depending on their proclivity toward Bitcoin maximalism ethereum before investing in what many of them not-so-affectionately refer to as stcoins. Whats less common, though, is for an altcoin creator himself to give that same advice. Yet thats exactly
The post Buy a Whole Bitcoin Before Buying Any Altcoins, Says Litecoin Creator Charlie Lee appeared first on CCN
Kik rolled out its much anticipated standalone app, KinIt just a few months after it posted its product vision on Medium. The product is quite unique in that it has the potential to instantly become the largest consumer-facing cryptocurrency app. Kins vision is quite ambitious but with more than $100 million in the bank form an
The post Kik Beta App Kinit Goes Live on Google Play after $100 Million ICO appeared first on CCN
Mastercard is looking to improve crypto by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies.
Kevin OLeary, a prominent Canadian entrepreneur, the co-founder of OLeary Funds and SoftKey, and one of the stars of Shark Tank, has said in an interview with CNBCs Fast Money that Ethereum has taken one step closer to become the next leader in crypto and blockchain, surpassing bitcoin.
Previously, Ivey Business School professor JP Vergne said the best and most accurate indicator of a cryptocurrencys growth in price and volume is its developer activity. On June 18, NewsBTC reported Ethereum is gaining more than 50,000 new developers on a monthly basis, more than any other public blockchain network in the global market.
As of July, there exists more than 1,500 decentralized applications (dapps) on Ethereum, ranging from prediction platforms like Augur to decentralized exchanges such as IDEX, equipped with developers who have a shared vision to commercialize the blockchain across various multi-trillion dollar industries.
OLeary, AKA Mr. Wonderful, said during his CNBC interview that the dialogue has changed over the past two months, in a drastic manner, and optimism around Ethereum, the second most valuable cryptocurrency behind bitcoin, has begun to intensify.
By the way, the dialogue Ive noticed on bitcoin over the last 60 days has dramatically changed. It started to sound like the pioneer with arrows in its back because people are saying its not the definitive platform anymore. Maybe Ethereum is becoming the new platform. All of the sudden, Bitcoin? Whats Bitcoin? That is not good for Bitcoin investors. Just a personal opinion, but i were long Bitcoin right now, I would start to worry about it, OLeary said.
The case for Ethereum surpassing bitcoin as the leading public blockchain network revolves around the basic idea that dapps would gain significant popularity over the next few years, as the core developers work to improve the scalability of the Ethereum network.
Vitalik Buterin, the co-creator of Ethereum, stated that the implementation of Sharding and Plasma, two second-layer scaling solutions, could lead to a million transactions per second on Ethereum, by creating a more flexible ecosystem for dapps while leveraging the main Ethereum chain for security.
Joseph Lubin, another co-founder of Ethereum and the CEO at blockchain software studio ConsenSys, echoed a similar sentiment as Buterin, explaining:
We have our trust layer, layer-one, and were adding layer-two infrastructure in the form of state channels, side chains, mechanisms li...
Aerospace giant Boeing has announced its intention to tap blockchain technology to keep an eye on unmanned air vehicles used for cargo transport and urban air travel in the future. Boeing is partnering artificial intelligence (AI) firm SparkCognition to develop a decentralized platform capable of tracking unmanned air vehicles in flight and allocate traffic corridors
The post Future Flight: Boeing Will Use Blockchain Tech to Track Unmanned Air Vehicles appeared first on CCN
According to a report on the social media platform Yours.org, software developers associated with the mining giant Bitmain plan on launching a smart contract protocol for the Bitcoin Cash (BCH) network. The project called Wormhole will utilize the increased data-carrier-size and OP_Return transactions alongside a protocol based on the Omni Layer project.
On July 16 a report written on the platform Yours.org detailed that Bitmain developers are in the midst of creating a smart contract system for the Bitcoin Cash (BCH) network. The article written by the China-based, Cindy Daily, explained that Bitmain programmers introduced a token proposal called Wormhole in Chinese Wechat groups on Monday. The reporter explained that her news was roughly translated and said that Bitmain woul...
After considerable delays, SBI Holdings has finally begun accepting account registrations for its new crypto exchange VCTRADE
IBM has backed a new project for a US-dollar pegged stablecoin that runs on the Stellar blockchain network, and is reported to have already begun testing the token
The blockchain subsidiary of the Russian e-payments firm Qiwi plans to incentivize staff by giving them tokens tied to the firm's net profits.
The Financial Securities Board (FSB) has released its report covering crypto assets for the G20 and is considering lowering the exposure of banks to cryptocurrencies. This would be to increase transparency and reduce the risk of financial instability, even though the report said crypto assets do not pose a material threat.
The FSB has put forward the notion of restricting the exposure of banks to crypto assets. This may require banks to make changes to how much capital they hold in relation to their exposure to cryptocurrencies.
The Basel Committee on Banking Supervision (BCBS) is currently assessing the amount of exposure to crypto assets which may be followed by a structured data collection exercise. The report referenced current minimal requirements for the capital and liquidity treatment of non-crypto assets. Based on this data collection and separate quantitive analyses, the BCBS will conclude on the level of risk of cryptocurrencies.
Some reports have claimed that the regulations could lead to an increase in costs for banks and financial institutions. By having higher capital requirements due to assets that are more volatile, this could result in less efficiency for such businesses.
The report investigated the dangers concerning cryptocurrency exchanges following recent hacks, such as Bithumb. It said crypto exchanges may be failing to comply with laws applicable to exchanges. It also considered that some cryptocurrency platforms may all within the remit of securities regulators although it was confirmed on July 16 that Coinbase will soon be able to offer security tokens.
These restrictions would have an impact on the pace of adoption of crypto assets. Several banks have started to get involved in the market, including Natwest which today announced it has signed onto the Marco Polo platform created by R3 and TradeIX. Barclays has also provided Coinbase with a bank account allowing it to bring back GBP wires within the next few weeks.
By limiting exposure to these businesses, it could either restrict what partners...
There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board.
Now, Sun Exchange, a South Africa-based startup, has developed a solution to Africas solar electrification dilemma centered on the intersection of three fast-growing technologies: blockchain, crowd-sourcing and solar photovoltaics. Sun Exchange has combined and synergized these technologies seamlessly on its online platform, enabling people around the world to purchase solar panels that are then leased into projects in Africa to passively collect bitcoin from the leasing of the solar cells that provide clean and affordable electricity at no upfront cost to businesses and communities.
I believe being able to harness energy from our star to be a basic human right, said Abe Cambridge, Sun Exchanges founder and CEO. The Sun Exchange provides the tools for anyone on Earth to exercise that right. We are turning sunlight into a universal source of income. While most solar investment opportunities require a large minimum investment, with Sun Exchange you can buy i...
The developer behind the purported and much-publicized Kodak-branded bitcoin mining equipment has officially halted operations and has denied ties to Kodak. As CCN reported, KashMiner, a bitcoin mining equipment, was showcased at CES 2018 back in January by the company Spotlite USA, which claimed to be a licensee of the Kodak brand. Spotlite stated that
The post SEC Shutters Kodak-Branded Bitcoin Mining Rig KashMiner appeared first on CCN
Japanese digital services company GMO Internet has just launched a brand new web bank that it claims will soon utilize blockchain to ease payments. The company said in a business note that itd teamed with the Aozora Bank Group in a joint venture and that two companies had been preparing for the launching of the next generation lender since mid-2016. A new entity dubbed GMO Aozora Net Bank aims to offer new financial solutions throughout the integration of fintech and IT, and will leverage advanced security certifications, blockchain, artificial intelligence and net of things, in accordance with the document.
In a news release, the new lender said itll work with GMO Internet to develop a brand new settlement system using blockchain technology. The lender says: During the application of blockchain technology, theres an increasing expectation for breakthroughs for cheaper and safer payments and fiscal services. At the future, GMO Aozora Net Bank also plans to become what it calls the platform lender, making its payment infrastructure available to others companies beneath a white label licensing strategy. The lender launching marks GMOs latest project involving blockchain and cryptocurrencies since it launched its own exchange in May 2017 and followed that with a move to the bitcoin mining business in September.
Last month, the company revealed that itd run your own bitcoin miner to be sent from October the worlds first to be based on 7nm chip technology. Banking program picture through GMO Aozora Net Bank. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
After being denied a post-conviction relief extension in February 2018, Ross Ulbrichts family and legal team filed a Petition of Certiorari with the U.S. Supreme Court based on constitutional violations in the investigation and at sentencing. The petition was supported by 21 organizations, however, the Court denied Ulbrichts petition on June 28. The fight to free Ross Ulbricht, 33, is now reinforced with a new petition created on Change.org, 3 days ago by FreeRoss.org. There are currently 6,242+ signatures and the petition aims at reaching 7,500.
Its not the end. Lyn Ulbricht had cried at her son in the courtroom when a marshal set his hand on his back to signal it was time to return to the cell after hearing the sentence. That was in Manhattans U.S. district court in May 2015. That day, Lyn had declared she would never turn away from her son, whom she considers innocent. The fight to seek justice for their son is not over for this family.
My son, Ross Ulbricht, is serving a double life sentence plus 40 years, without the possibility of parole, for a website he made when he was 26 years old and passionate about free markets and privacy. Ross, an Eagle Scout, scientist and peaceful entrepreneur, had all non-violent charges and no criminal history. The...
Last year, I got invited to a super-deluxe private resort to deliver a keynote speech to what I assumed would be a hundred or so investment bankers. It was by far the largest fee I had ever been offered for a talk about half my annual professors salary all to deliver some insight on the subject of the future of technology. Ive never liked talking about the future. The Q&A sessions always end up more like parlor games, where Im asked to opine on the latest technology buzzwords as if they were ticker symbols for potential investments: blockchain, 3D printing, CRISPR. The audiences are rarely interested in learning about these technologies or their potential impacts beyond the binary choice of whether or not to invest in them. But money talks, so I took the gig.
Bitmain, the cryptocurrency industrys most valuable company, has just opened an office in Silicon Valley ahead of its planned initial public offering (IPO) later this year. The Silicon Valley Business Journal reports that the China-based cryptocurrency mining hardware manufacturer has just moved into 20,000 square feet of office space in downtown San Jose, CA, filling
The post Bitcoin Mining Giant Bitmain Opens 20,000 Sq. Foot Office in Silicon Valley appeared first on CCN
Blockchain and artificial intelligence will be used by Boeing in the creation of unmanned vehicles and other products
The UK has all the resources to become a blockchain and crypto leader by 2022, new report says
Supply chains and transaction efficiency main focus of Oracles blockchain cloud service, which had its general release Monday
The US remains a leading destination for ICO projects according to a new study that also ranks Switzerland and Singapore in the top three. The report notes that authorities in other jurisdictions, like Russia and Estonia, are working to adopt favorable regulations in order to attract more crypto startups. The findings coincide with another study identifying 78% of all ICOs as scams.
Despite regulatory uncertainty, the United States has established itself as the leading destination for companies conducting Initial Coin Offerings (ICOs), a new study confirms. According to the recently published report, 30 of the 100 largest token sales were held by companies based in the US. The data compiled by the team of the Crypto Finance Conference places Switzerland second with 15 ICOs, and Singapore third with 11 of the biggest coin offerings.
ICOs continue to gain momentum. They raised $6.3 billion in the first quarter of 2018 more than was raised in all of 2017, said the chief executive of CFC, Andrea-Franco Sthr, quoted by Venture Beat. In a released statement, he also commented that the research provides an opportunity to understand which countries are embracing blockchain and crypto projects and how they do it.
Japanese digital services firm GMO Internet has just launched a new web bank that it says will soon use blockchain to facilitate payments.
A director at big four accounting giant PricewaterhouseCoopers (PWC) in Australia has quit the firm to join crypto exchange bitcoin.com.au as its newest CEO. Ben Ingram left PwC Australia back in March, where he was responsible for digital strategy, accounting and consulting, as its director before taking over the exchange as its chief executive, Business
The post Big Four Giant PwC Director Quits, Joins Cryptocurrency Exchange as CEO in Australia appeared first on CCN
Bitcoin (BTC) scaled the crucial 50-day moving average (MA) on
Monday for the very first time in almost two months, carrying its
cost above $6,700.
The corrective rally picked up the pace twenty four hours ago, perhaps due to reports saying that BlackRock, INC the worlds biggest asset manager and exchange-traded fund (ETF) supplier is considering venturing into cryptocurrency markets. Later in the day, BlackRock Chief executive officer Larry Fink clarified rumors by saying he doesnt see a large need for cryptocurrencies from customers,
However, BTC remained bidding and closed (as per UTC) over the 20-day MA for the very first time since May 20, validating the debate a short-term bottom has been made at $5,755 (June 24 low).
Whilst a move over the 50-day MA is encouraging, it doesnt qualify as a bullish reversal. Only a convincing break above the reverse head-and-shoulders neckline of $6,838 would confirm that a short-term bearish-to-bullish trend shift.
At press time, the leading cryptocurrency is changing hands at $6,720 on Bitfinex up 5% in the last twenty five hours and the 50-day MA is situated at $6,720.
BTCs rally from the two-week low of $6,080, hit on Thursday, to
todays high of $6,771 has established a high low (bullish pattern)
on the daily chart.
Further, the relative strength index (RSI) has moved over 50.00 (in bullish territory) and the short-term moving averages (5-day, 10-day) are starting to rise in favor of the bulls.
Therefore, the cryptocurrency looks set to test $6,838 (reverse head-and-shoulders neckline barrier ), albeit following a small intraday pullback as the short-duration graphs are flashing overbought conditions.
The RSI is stationed well over 70.00, indicating the rally from
$6,080 is overdone. Therefore, prices could revisit the 10-candle
MA support of $6,580 in the next several hours.
BTC looks set to test $6,838 (reverse head-and-shoulders
neckline), albeit following a small pullback as the cryptocurrency
is looking overbought as per intraday specialized studies.
A close (as per UTC) over $6,838 would confirm that a short-term bearish-to-bullish trend change and would open up upside towards $7,920 (target as per the measured height procedure ). That said, bulls would still have to observe caution as the area between $7,000-$7,100 is packaged with stiff resistance lines.
On the downside, a close below 20-day MA of $6,448 would weaken the odds of an reverse head-and-shoulders breakout.
Disclosure: The author holds no cryptocurrency
assets throughout the time of writing.
Athlete leaping over hurdle via Shutterstock; Charts by Trading View
The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and abides by a strict set...
U.S. Cryptocurrency exchange Coinbase has allegedly received regulatory approval to obtain several securities companies a move that may eventually see it encouraging trading in tokens deemed as securities. A spokeswoman for the exchange said on Monday that both U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have approved lately showed acquisition offers for currently regulated companies, based on a report by Bloomberg. Last month, the stock exchange announced that it plans to buy firms Keystone Capital Corp, Venovate Market and Digital Wealth., Venovate Market and Digital Wealth Limited liability company as a way to becoming a controlled platform for supplying trading in security tokens, as well as to tokenize traditional financial assets.
As reported by CoinDesk, Coinbases chief operating officer and president Asiff Hirji indicated that, throughout trader, an alternative trading system and a registered investment adviser permits as an agent dealer, an alternative trading system and a registered investment advisor. The movement by the noted U.S. And would appear to be positioning the company for a future when monetary watchdogs from the U.S. And would appear to be positioning the company for a future when first coin offerings, and would seem to be positioning the company for the future, when present legal grey areas have been explained in new regulation. The SEC has said its investigating dozens of symbolic projects, and its president Jay Clayton lately said in a public hearing which he believe every ICO he is seen is a safety.
Coinbase General Manager Dan Romero told CoinDesk at the possible listing of five extra cryptocurrencies on its platform, news electronic assets commonly asked by clients, however it must tread cautiously while U.S. The possible listing of five extra cryptocurrencies on its platform, news may treat specific uses of the technician. He said at that time! whenever we get to a stage that we know which electronic monies the possible listing of five extra cryptocurrencies on its platform, news commodity, money or currency, itd be tremendously beneficial. Only days before, however, Coinbase announced that it is investigating resulted in soaring costs for the assets which rapidly resulted in soaring prices for the assets.
Coinbase currently offers trading of bitcoin, bitcoin cash, ethereum and litecoin, and has said itll soon add support for ethereum classic. The leader in blockchain news, CoinDesk is a media outlet that strives for. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Technology giant IBM has launched a brand new research centre through a partnership with Columbia University in a move aimed to improve application development and blockchain education initiatives. Opening Tuesday, the centre is based in the Manhattan campus of Columbia University in nyc and will, among other stuff, incubate blockchain applications through a combination of academic and technical expertise, the company stated. Soon to be declared, a dedicated committee comprised of the two Columbia University members and IBM scientists will begin reviewing tips for blockchain curriculum development, business initiatives and research applications later this year. Additionally, the centre will advise on regulatory issues for startups from the blockchain space and provide intern opportunities to improve technical abilities for students and professionals with an interest in the tech.
John H. Coatsworth, Columbia University provost, commented in the statement that it expects the partnership to significantly advance scholarships and applications, specifically for blockchains usage in data sharing. Coatsworth added: Our students and faculty, working together with IBM, will play an essential part in the energetic exchange of ideas and research surrounding this transformative technology. The announcement marks the most recent attempt from the blockchain business invest in a university of higher level in U.S. To quicken blockchain comprehension and adoption. As reported by CoinDesk in June, San Fransisco based distributed ledger startup Ripple said itll spend $2 million in blockchain research initiatives in the University of Texas in Austin in the following five decades, as part of his obligation to spend $50 million in worldwide institutions. Columbia University picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet which strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Nearly two years after its initial announcement and months of delays this year, the worlds first bank-owned cryptocurrency exchange finally sees its public launch in Japan. With an announcement on Tuesday, Japanese financial giant SBI Holdings has formally launched its cryptocurrency exchange platform, dubbed VCTRADE. As reported by CCN in early June, SBI first announced
The post Worlds First Bank-Owned Cryptocurrency Exchange Launches Publicly in Japan appeared first on CCN
Tech giant IBM is seeking to its widen blockchain research, development and education efforts through a partnership with Columbia University.
A team featuring former executives from Samsung Electronics is starting a new mining pool which aims to enhance profits but preserve power #SPONSORED
The latest attempt to create a crypto pegged to the U.S. dollar, or stablecoin, combines 21st-century technology with an invention from the 1930s.
There are a number of Linux-based mining distributions available out there, but most of them do have some limitation or a drawback or maybe are not very user friendly for non-advanced users. Hive OS is a relatively new Linux based mining platform that is trying to change that and offer a single package for all your GPU and even Bitmain ASIC miners for easy deployment, monitoring and control. The installation of the OS on any AMD or Nvidia GPU mining rig is quick and easy and then you take control from the cloud via a convenient web-based user interface, so no need to remotely login to each system and manage it or monitor it this way. The Hive OS comes with most popular miners for AMD and Nvidia GPUs for many algorithms and they are maintained, though you can add miners yourself as well without the need to compile them yourself from source. The mining platform is ideal for people with more than just a few mining rigs or ASIC miners as it allows you to easily monitor their operation and control them if needed including overclocking or underclocking to optimize them for efficiency or performance.
Hive OS is free to try and use for small miners with up to 3 mining rigs with some limitations, when you go above 3 mining rigs there is a fee of 3$ per mining rig per month that you need to pay in order to continue using the software. The good thing is that you can register and try it for free and if it works for your needs and covers your requirements you can then start deploying it on a large mining farm for example. Do note that there are differ...
NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX.
The cryptocurrency markets continued to post a positive performance on Tuesday, with almost all Top Ten coins posting considerable increases. As at press time on Tuesday late morning Bitcoin was trading at well above the $6,700 level on Binance with turnover increasing quite considerably over the past hours. It seems that the news announcements with
The post Crypto Markets Consolidate Gains Bitcoin Price at $6700 appeared first on CCN
The exchange says it has got the go-ahead to acquire three regulated firms, the first step in a plan to offer tokens deemed as securities in the U.S.
CFA Institute, with over 150,000 members, is adding cryptocurrency topics to its curriculum for the first time. The course material will be released in August. A record 227,031 people in 91 countries and territories reportedly registered to take CFA exams this year.
The worlds largest association of investment professionals, CFA Institute, is adding topics on cryptocurrencies and blockchain to its Level I and II curriculums for the first time next year, Bloomberg reported.
A global, not-for-profit organization, CFA Institute offers a range of education and career resources including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) designations. Its membership stood at 156,800 at the end of FY2017.
The worlds very first bank backed cryptocurrency market is now open for the public after months of delays. Japanese financial giant SBI Holdings officially launched its home cryptocurrency trading platform dubbed VCTRADE last month. Nevertheless, as reported by CoinDesk at that time, the trading service was only available for a group of selected users that pre enrolled with the platform in October 2017. In a statement published on Tuesday, SBI Holdings said the service is now fully open for users elderly from 20-70 who live in Japan. But a registration service for corporate clients hasnt yet been made available. In its June launch, VCTRADE declared itll originally support trading of Japanese yen against XRP, the native token of the ripple protocol a move that contrasts with the institutions wider aid for XRP in the cross-border blockchain settlement.
Afterward, the platform added yen based trading pairs to get bitcoin money and bitcoin on June 8 and 15, respectively. Todays public launch comes 2 years after SBI Holdings first announced itd build the market in October 2016. VCTRADE obtained an operating license from Japans financial watchdog, the Financial Services Agency, late last year. Its introduction has been delayed for months, however, since the firm worked to increase levels of internal safety following an enormous $533 million hack in the nations Coincheck market in January. Open signal image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
BTC found acceptance above the 50-day moving average support on Monday, however, a bull reversal is still not confirmed.
Yesterday, Bloomberg reported that Coinbase has finally got the green light from regulators to list and offer the trading of crypto assets.
Seeing Coinbase list SEC-regulate crypto securities has been a topic of discussion in this nascent space for months now. In blog post from early June, Asiff Hirji, the President and Chief Operating Officer of Coinbase, wrote about the exchanges path towards offering crypto securities support. He wrote:
Today, were announcing that Coinbase is on track to operate a regulated broker-dealer, pending approval by federal authorities. If approved, Coinbase will soon be capable of offering blockchain-based securities, under the oversight of the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) This is all being enabled by our acquisition of Keystone Capital Corp., Venovate Marketplace, Inc., and Digital Wealth LLC.
But with yesterdays announcement, Coinbase has finally received the green light from regulators, in the form of approval from the U.S. SEC and the Financial Industry Regulatory Authority (FINRA)
A Coinbase spokesperson told Bloomberg that with this sign of approval, the American exchange will now be able to acquire the three aforementioned companies.
The acquisitions of these fintech-related firms will allow for the platform to facilitate a variety of cryptocurrency-related services for crypto securities, which have become increasingly prevalent. With the purchase of these three companies, Coinbase can now be classified as the first cryptocurrency-related company holding the status of a broker-dealer, an alternative trading system, and a registered investment advisor all at once.
The new licenses given to the exchange will allow Coinbase to allow its customers to eventually trade for tokenized securities, ICOs, along with also permitting the firm to offer margin and over-the-counter services.
The spokesperson for the cryptocurrency firm also noted that Coinbase will begin to implement its proprietary technology into newly-formed subsidiaries, but did not give details on the timeline of this move.
Despite being met with mixed criticisms over the past months, namely the high-fees of the exchange and the apparent lack of...
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Gal Monfils, the 31-year-old French tennis star, is known as Sliderman for his on-court showmanship. He may take chances when trying to win Grand Slam matches, but when it comes to personal finance Monfils who reached a career high of No6 in the world in 2016 says he is risk-averse. His investment platform of his choice? The worlds leading social trading network eToro, which specialises in cryptocurrencies.
Monfils has been described by The Sunday Times magazine as the most interesting guy in tennis and Britains former world No1 Andy Murray reckons the agile Frenchman is the best athlete in the sport. He is not bad when it comes to investing in crypto, either, and began actively trading on eToro in 2017 (https://www.etoro.com/people/lamonf), having heard about the award-winning platform from his brother-in-law. He was drawn to its wide selection of cryptos and innovative investment tools.
Now he is sponsored by eToro, and the video the platform produced introducing Monfils which you can see below has generated almost four million views since late May.
The Swiss-based tennis maestro, who played in his tenth Wimbledon in July and had reached two Grand Slam semi-finals (both at the US Open, in 2008 and 2016) and has amassed 10.5 million of prize money in his career, says another big plus for is eToro is its excellent multi-channel user-friendly interface.
I use [eToro] while travelling and it gives me some independence with my money, he said in an interview for The Times on the eve of The Championships at Wimbledon (https://www.thetimes.co.uk/article/gael-monfils-the-crypto-factor-gave-me-flashy-returns-tlr9b6bgv). I have a diverse portfolio, with a particular interest in big tech stocks.
Barely two months after announcing that it would start accepting donations in cryptocurrency, East Londons Shacklewell Lane Mosque has received more contributions in cryptocurrency compared to cash. According to iNews, the Dalston, East London-based mosque collected donations amounting to approximately 13,983 in cryptocurrency. This was four times more than the value of contributions that were
The post UKs Crypto-Accepting Mosque Raises more Cryptocurrency Donations than Cash appeared first on CCN
Japanese mobile giant LINE has officially launched operations of its Singapore-based cryptocurrency exchange BITBOX with support for 30 cryptocurrencies including bitcoin. With an announcement on Tuesday, LINE confirmed the exchange will only support crypto-exclusive trading pairs with no trading offered between fiat currency and cryptocurrencies. Around 30 coins are being traded presently at launch including
The post Messaging Giant LINEs Cryptocurrency Exchange Begins Global Operations appeared first on CCN
VCTRADE, the new crypto exchange built by financial giant SBI Holdings, is finally open to all Japanese residents after months of delays.
Bitcoin price surged above $6,700 against the US Dollar. BTC/USD is now placed in an uptrend with supports near $6,600 and $6,540 on the downside.
Bitcoin price settled above a key barrier at $6,300 against the US Dollar. It opened the doors for more gains and the BTC/USD pair surged above the $6,380 and $6,600 resistance levels. The upside move was such that the price even broke the $6,700 resistance. A high was formed at $6,749 and the price is currently correcting lower. On the downside, there are many supports starting with the $6,650 level.
The 23.6% Fib retracement level of the last wave from the $6,318 low to $6,749 high is positioned at $6,648 and is likely to hold declines. Should there be a break below $6,648, the price may perhaps trade towards the $6,600 support. More importantly, there is a new key bullish trend line forming with support at $6,480 on the hourly chart of the BTC/USD pair. The same trend line currently around the 50% Fib retracement level of the last wave from the $6,318 low to $6,749 high. Therefore, any major dips from the current levels are likely to find bids near $6,600 and $6,540.
Looking at the chart, the price clearly settled above $6,600 and the 100 hourly simple moving average. On the upside, a break above the $6,750 high could set the path for a move towards $7,000.
Looking at the technical indicators:
Hourly MACD The MACD for BTC/USD is slowly moving back in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI is correcting lower from the overbought levels.
Major Support Level $6,600
Major Resistance Level $6,750
The post Bitc...
In todays edition of Bitcoin in Brief we cover the news
that the worlds largest asset manager Blackrock is examining the
crypto market, Coinbase is approved to list security tokens, and
Bitpay got a New York Bitlicense. Additionally, the BCH exchange
rate is now displayed directly on Google.
Blackrock, considered to be the worlds largest asset manager with over $6 trillion in assets under management, is probing the crypto market. Reports have popped up yesterday that the NYSE-listed company has created a working group to explore how it can take advantage of the hot new alternative investment instruments.
Larry Fink, ch...
The U.S. Department of Energy has announced itll award a grant of almost one million dollars to a blockchain startup in a move aimed to advance the development of a decentralized energy grid. The Colorado based Grid7 is one of 95 grant recipients declared on Monday, when everyone won the second stage of the divisions Small Business Innovation Research program. The grants are designed to finance the jobs over a period of two years. In accordance with the DoE, Grid7 is being granted $999, 363, which is a part of the total $95 million that the DoE will grant to small companies across 26 U.S.
Countries in an attempt to advance the nations energy sector utilizing new technologies. Based on information from the SBIR application, Grid7, with its own 3 person team, already obtained a grant of about $150, 000 in 2017 throughout the programs first phase. The DoE clarified that startups which demonstrated technical feasibility for inventions during their Phase I grants competed for financing for prototype or procedures development during Phase II. According to Grid7s site, the project aims to develop a brand new solar energy system that may share energy information out of homes, buildings and electrical grids in a dispersed manner.
The objective is to enhance power distribution efficiency and supply protection against cyber attacks, the DoE has added. The energy departments campaign comes as legislators in Colorado country working to construct a more blockchain friendly environment. As mentioned by CoinDesk in January, the Colorado Senate introduced a bill to permit for use of blockchain technology in replacing the nations existing information collection and maintenance procedures, a movement aimed to attain higher degrees of information security. The bill was then accepted by the Senate in May and took effect following the sheriffs closing touch. Electric grid picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Ethereum classic price moved into a bullish zone against the US Dollar and Bitcoin. ETC/USD dips remain supported near the $16.80 and $17.00 levels.
This week, there was a nice upside move initiated from the $16.00 swing low in ETC price against the US dollar. The ETC/USD pair traded above the $16.50 and $17.00 resistance levels to move into a bullish zone. It traded as high as $17.56 and is currently correcting lower. The price broke the 23.6% Fib retracement level of the last wave from the $16.51 low to $17.56 high.
However, there are many supports on the downside above the $16.50 level. An initial support sits around the $17.00 level. Below this, the price may test the 61.8% Fib retracement level of the last wave from the $16.51 low to $17.56 high. There is also a crucial bullish trend line formed with support at $16.80 on the hourly chart of the ETC/USD pair. The trend line support and the $16.85 area is significant since it coincides with the previous resistance area. Therefore, any dips towards the $16.80 and $16.85 levels are likely to find a strong buying interest in the near term.
The chart suggests that the price is placed nicely in an uptrend above the $16.50 pivot level. The recent dip can be seen as a buying opportunity as long as the trend line and $16.80 support are intact. On the upside, resistances are at $17.25, $17.50 and $17.80.
Hourly MACD The MACD for ETC/USD is moving back in the bearish zone.
Hourly RSI The RSI for ETC/USD just breached the 50 level.
Major Support Level $16.80
Major Resistance Level $17.50
The post Ethereum Classic Price Analysis:...
On Monday, NewsBTC reported that a prominent investment management firm has recently assembled a team to investigate the industry and may offer crypto services in the future. However, the situation has developed further, with BlackRocks CEO stating that its client base does not currently hold an interest in investing in cryptocurrencies.
On July 16th, the Financial News London reported that investment management giant BlackRock is making its first foray into the crypto industry, with the news source citing insiders. According to the article, the management firm with over $6.2 Trillion U.S. in assets under its control, could soon get involved in the trading of Bitcoin futures.
The aforementioned crypto team is reported to be comprised of a variety of individuals from BlackRocks expansive employee pool, as it currently the employer of over 13,000 individuals.
The release of the FN London article saw the cryptocurrency market react in kind, with the collective value of all cryptos quickly rising by a couple of percentage points. At the time, a representative from BlackRock did not submit a comment to the news source, neither confirming or denying the existence of the so-called crypto team.
In a surprising turn of events, Larry Fink, the CEO of BlackRock, has stated that its clients have not indicated a huge demand for cryptocurrencies, despite rumors floating around the cryptosphere. These statements come via an interview conveyed with Reuters in the fallout of the FN London article. Fink noted that BlackRock has actually created a group to study cryptocurrencies, possibly indicating future involvement.
At a later point on Monday morning, Fink later doubled down on his statement in another interview, this time with Bloomberg. Speaking with the news source, The CEO noted that they have been interested in blockchain technologies, but no so much with cryptocurrencies.
When asked if BlackRocks clients want crypto exposure, Fink seemingly rather flabbergasted by the question, stated:
No. I dont think that any client has sought...
Stasis, the crypto ecosystem which recently launched the stablecoin EURS that is paired exactly against the Euro recently announced that it had onboarded its first institutional client. The announcement was made through a tweet by Stasis CEO Gregory Klumov. Speaking exclusively to CCN, Klumov explained that the client operates in the field of money management.
The post Stasis Onboards First Institutional Client for EURS Stablecoin appeared first on CCN
Ripple price gained bullish momentum against the US Dollar and Bitcoin. XRP/USD broke the $0.4500 resistance and it could continue to move higher towards $0.5000.
Yesterday, we discussed about a crucial resistance near $0.4500 in Ripple price against the US Dollar. The XRP/USD pair surged higher recently and managed to break the mentioned $0.4500 barrier. After the break, there was a sharp upward move and the price traded above the $0.4600 and $0.4700 levels. The upside move was strong as the price even broke the $0.4800 resistance.
A high was formed at $0.4833 before the price started consolidating gains. On the downside, an initial support is near the $0.4800 level. There is also a key connecting bullish trend line formed with support at $0.4750 on the hourly chart of the XRP/USD pair. Below the trend line, the 23.6% Fib retracement level of the last leg from the $0.4432 low to $0.4833 high might act as a support near $0.4739. Below this, the price could extend the decline towards the $0.4650 support. An intermediate support is near $0.4680 and the 38.2% Fib retracement level of the last leg from the $0.4432 low to $0.4833 high.
Looking at the chart, the price is placed nicely in an uptrend above $0.4700. Going forward, it could break the $0.4833 high and make an attempt to surge towards the $0.5000 resistance.
Looking at the technical indicators:
Hourly MACD The MACD for XRP/USD is placed with positive signs in the bullish zone.
Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently well above the 70 level.
Major Support Level $0.4700
Major Resistance Level $0.4850
A blockchain-focused solar power startup based in Colorado has received a grant of nearly $1 million from the U.S. Department of Energy.
Ethereum price is back in an uptrend against the US Dollar and Bitcoin. ETH/USD may perhaps correct a few points, but it is likely to accelerate further higher.
Yesterday, there was a close above the $455 resistance in ETH price against the US Dollar. The ETH/USD pair gained nicely and later corrected a few points towards the $445 level. There was a test of the 38.2% Fib retracement level of the last leg from the $430 low to $456 high. Buyers appeared and pushed the price above the last swing high. More importantly, there was a break above a few important resistance such as $450 and $460.
A high was formed at $480.50 and the price is currently following a nice uptrend. It seems like there is a short-term ascending channel forming with support at $475 on the hourly chart of ETH/USD. Below the channel support, the 23.6% Fib retracement level of the last wave from the $443 low to $480 high is near $471. Moreover, there is a new connecting bullish trend line forming with support at $464 on the same chart. Therefore, there are many supports forming on the downside starting with $475 and up to $460.
Looking at the chart, the price could correct a few points, but downsides are likely to be limited by the $464 level. On the upside, a break above the $480 high may perhaps open the doors for a push towards $500-510.
Hourly MACD The MACD is slightly placed in the bearish zone.
Hourly RSI The RSI is correcting lower from the overbought levels.
Major Support Level $464
Major Resistance Level $480
The post Ethereum Price Analysis: ETH/USD Buyers in Control appeared first on ...
By Vin Armani Watch live at 1 pm EST (10 am PST) In the first hour of this weeks show, we do a deep...
Tron Price Key Highlights
Tron made a bullish breakout from its falling wedge and is establishing a short-term uptrend channel.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA for now but the gap between the moving averages has narrowed significantly enough to hint at a looming bullish crossover. This could bring more buyers to the game and sustain the climb, especially since Tron price is already moving above these dynamic inflection points.
However, RSI is already in the overbought region and slowly moving south so Tron price could follow suit. Similarly stochastic looks ready to head back down to signal a return in selling pressure.
In that case, Tron price could still make a pullback to the new channel bottom around 0.035 and the moving averages before resuming its climb. A larger correction could lead to a retest of the broken wedge resistance before more buyers join in.
Cryptocurrencies got a collective boost from reports that BlackRock is seeking to invest in the space. CEO Larry Fink confirmed in an interview with Reuters that they formed a team to look into investments in the industry but clarified that theyre not seeing strong investor demand just yet.
Still, institutional interest appears enough to have lifted bulls spirits after three well-known economists blasted cryptocurrencies last week. This could sustain the positive sentiment to start the quarter and hopefully lift Tron price and the rest of its peers for a rebound.
The post Tron (TRX) Price Watch: Bullish Momentum Kicking Back In appeared first on NewsBTC.
Bitcoin Price Key Highlights
Bitcoin price is testing the neckline of its reversal formation and confirmation could lead to a climb to $7,800 and beyond.
Technical Indicators Signals
The 100 SMA is crossing above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. This means that theres a stronger chance for the reversal to be sustained from here. Bitcoin price has also moved past the moving averages dynamic inflection points to signal stronger bullish momentum.
However, RSI is already indicating overbought conditions to show that buyers are feeling exhausted. Stochastic has also climbed all the way up to the overbought region to signal profit-taking and a likely dip. The moving averages could still hold as near-term support but a break below the right shoulder could signal a return in selling pressure.
A break past the neckline could lead to an uptrend of at least the same height as the chart formation. This spans $5,800 to $6,800 so the rally could last by at least $1,000 to take bitcoin price up to $7,800 or higher.
Bitcoin price got a strong boost from confirmation that BlackRock is looking into investing in the cryptocurrency industry. CEO Larry Fink noted in an interview with Reuters that the company has formed a team to analyze the sector but clarified that theyre not seeing strong investor demand yet.
Still, this appears enough to revive investor optimism as institutional interest represents a lot of confidence in the industry. This comes after more conservative but well-known economists criticized cryptocurrencies for their anonymity and price volatility.
The post Bitcoin (BTC) Price Watch: Waiting for Reversal Confirmation appeared first on NewsBTC.
The notoriously hard Chartered Financial Analyst Program exams are about to get that far tougher. Dubbed the most barbarous exam in the world of finance by Business Insider, the 3 part test covering several different regions of finance with a significant concentrate On ethics is about to add themes on cryptocurrencies and blockchain as examinable material in August 2019. According to Bloomberg, Stephen Horan, the controlling your stresses director for overall education and program for the CFA Institute overseeing CFA exams, said on the matter: We watched the field advancing more quickly compared to other domains and I have seen it even more durable&hellip, This isnt a passing fad.
Cryptocurrencies and blockchain is going to be part of a brand new CFA program section dubbed Fintech in investment management alongside other topics in emerging financial technologies like artificial intelligence, machine learning and automated trading. CFA exams are said to draw over 100, 000 individuals from around the world with less than 50% of all examinees failing the initial round of testing. Since the start of the app Back in 1963, some 150, 000 have been licensed Since a CFA having successfully completed all three degrees of testing. These alterations to CFA exams arrive in light of past statements by numerical institutions announcing new work at the crypto area.
Back in Feb, The Chartered Alternative Investment Analyst Association boasted the production of new advisory boards consisting of cryptocurrency specialists, whilst the Digital Currency Council many decades earlier launched their very own professional accreditation plan for financial advisors looking to specialize in cryptocurrency and blockchain technology. Test writing picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin cash price jumped sharply towards $800 against the US Dollar. BCH/USD is gaining bullish momentum, which could lead it towards $850.
There was a sharp upside move in bitcoin cash price from the $715 swing low against the US Dollar. The BCH/USD pair corrected a few points yesterday and tested the $710-715 support zone. Moreover, the 23.6% Fib retracement level of the last leg from the $660 swing low to $730 high was tested. The price completed a downside correction near $715 and started a solid upward move.
It jumped above the $750, $760 and $780 resistance levels to register solid gains. There was even a break above the $800 level and the price formed a high at $809. At the moment, the price is consolidating gains near $800. An initial support sits near the 23.6% Fib retracement level of the last wave from the $715 low to $809 high. Furthermore, there is a short-term bullish trend line forming with support near $788 on the hourly chart of the BCH/USD. Therefore, if the price corrects lower, it is likely to find support near the $780-790 zone.
Looking at the chart, the price is back in a major uptrend above $760. It seems like buyers may gain traction for more upsides above the recent high at $809. The next hurdle for buyers is around the $850 level.
Looking at the technical indicators:
Hourly MACD The MACD for BCH/USD is placed nicely in the bullish zone.
Hourly RSI (Relative Strength Index) The RSI for BCH/USD is currently in the overbought zone.
Major Support Level $780
Major Resistance Level $810
What began as a parody quickly became a coin. Soon it might might become its own blockchain. What is happening?
Iran may employ cryptocurrencies as part of its efforts to circumvent the upcoming US sanctions, according to a high-ranking Iranian lawmaker who said the matter will be discussed in parliament soon. The Iranian MP also believes that digital money can help with overcoming the hegemony of the US dollar.
Financial service mobile app Robinhood has added support for Dogecoin on its crypto trading platform, following its recent extension to Litecoin and Bitcoin Cash
This year, China recorded an almost sixfold surge in the number of companies registered with blockchain in their names
This is your last chance. After this, there is no turning back. You take the blue pillthe story ends, you wake up in your bed and believe whatever you want to believe. You take the red pillyou stay in Wonderland, and I show you how deep the rabbit hole goes". The red pill from Freos is designed to unplug you from the matrix of internet control while giving you the ability to be both secure and anonymous at the same time. In this video Dan Dicks of Press For Truth speaks with Bob Stanley of Freos about how one can use the Freos Red Pill to enter a new decentralized internet which even has the ability to trade in cryptocurrencies like Bitcoin and Dash.
A recent study shows that South Africans are generally positive about cryptocurrencies, with 38 percent of respondents wishing they had invested in it
The Chartered Financial Analyst Program Exams are about to add topics on cryptocurrencies as examinable material for candidates in August 2019.
Latin American peer-to-peer (P2P) markets have seen an influx of volume in recent weeks, with the Localbitcoins markets of Argentina, Brazil, and Venezuela posting significant spikes in volume. In other news pertaining to international P2P markets, the Hungarian Localbitcoins markets produced near-record volume in recent weeks, whilst Canadas recent surge in volume appears to have subsided.
According to data published by Coin.dance, the Localbitcoins markets of numerous...
The Kodak-branded KashMiner crypto mining project will not launch, following scam accusations, licensing issues, and intervention by the U.S. SEC
The Hong Kong Monetary Authority (HKMA) has partnered with Chinese Ping An to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. CCN first reported the Hong Kongs de facto central banks initiative back on March 30. At the time, the bank unveiled a proof-of-concept (PoC)
The post Hong Kong Trade Finance Will Fight Fraud With a Blockchain-Based Platform appeared first on CCN
The Commodity Futures Trading Commission has issued an advisory on initial coin offerings and crypto assets, warning would-be buyers to do their homework before investing. Its Client Advisory: Use Caution When Purchasing Digital Coins or Tokens mirrors, in certain ways, words of caution which come out from the U.S. Securities and Exchange Commission. That bureaus most famous warning to date is, possibly, its fake HoweyCoin ICO web site, which humorously warned investors about the risk involved with token sales, particularly the ones that provide outsized returns. And whilst the SEC has focused on the side of crypto assets which might run afoul of securities law with a few synergies between the two sides taking place the CFTC seems to be moving to clarify where such assets can be considered the kinds of financial products it regulates.
The agency noted that digital tokens and coins may also be commodities or derivatives, depending upon how theyre ordered. Back in 2015, the CFTC initially said that it considers cryptocurrencies like bitcoin to be commodity, and todays missive suggests that some of the crypto assets coming out from the industry today can fall under the agencys purview. Up to now, much of the CFTCs public facing work in this field was focused on targeting fraud inside the U.S. The agency has filed several civil cases since the beginning of the year, and the CFTC is involved with an ongoing probe to cryptocurrency marketplace manipulation. Image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Customer Advisory: Use Caution When Buying Digital Coins or Tokens
its fake HoweyCoin ICO website
several civil lawsuits
strict set of editorial policies
Coinbase Inc., has announced that the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINFRA) have approved its purchase of three companies that will enable the cryptocurrency exchange and wallet service to offer security tokens under federal oversight, according to Bloomberg. Speaking with the publication, a Coinbase spokesperson said the regulators
The post U.S. Regulators Approve Coinbase Acquisitions, Enabling It to List Security Tokens appeared first on CCN
Data shared with CoinDesk shows a rapid spike in betting on Augur, a decentralized platform that's been live for just a few days.
All in all, there is a recovery in the crypto space and we can see that in the last day alone, the markets have gained more than $15 billion. In that time space alone, Ethereum (ETH) is up six percent and there is room for more not just from a fundamental point of view but from the way technicals are set up.
For adoption, then the product must be easily understood and the best way of facilitating this understanding especially amongst beginners is to eliminate industry jargon. On top of that, if its a digital product as Ethereum then we must have a nice, intuitive interface and this is exactly what BankEX has done.
As a Fintech company that wants to merge the blockchain and offer Bank-as-a-Service (BaaS) to their client base, BankEX contributed immensely to Ethereum and blockchain by launching BankEX Scan. After all, this will perfectly sync with their digitization, tokenization and exchange of traditional asset in the long haul.
Altcoins are making a comeback and none stands out like Stellar Lumens gains. CoinBases announcement and Tempos integration might be behind this but what is clear is that price action now favors buyers.
EOS and Litecoin are also recovering and looking to reverse May-June losses while Tron is now handing over their bug bounty program to HackerOne. Overly TRX is registering gains and is actually up five percent in the last day.
Lets have a look at these charts:
Unlike most dApp and smart contract platforms, EOSIO is unique introducing things as RAM. Now, the only caveat that is now proving prohibitive and repelling for developers is the fact that they have to purchase RAM, a speculative item, for them to launch dApps at.
At current EOS and RAM/USD exchange rates, the cost of each account stands at around $10 and this is now what the community wants. They need a long term solution to bring down the cost of account creation and there is a proposal of introducing EOS Dollars (EDR) stable coins pegged to the USD.
These EDRs run through smart contracts creating EDR sub-accounts and slashing the cost of account creation.
In the last 24 hours, EOS remains the top performer adding six percent and inching higher from $7, our intermittent support line.
Our previous stands remain constant and my suggestion is to either buy at current prices with stops at $7 or wait for breaks above July highs at $9 and load with targets at $15.
The only undoing for this projection is if sellers reverse these gains hitting our stops at $7.
A framework has been developed for the G20 countries to monitor the financial stability implications of crypto-assets markets. The Financial Stability Board says cryptocurrencies do not pose a material risk to global financial stability but supports their vigilant monitoring.
The Financial Stability Board (FSB) announced Monday that it has developed a framework and identified metrics to monitor the financial stability implications of crypto-assets markets. The framework was developed in collaboration with the Committee on Payments and Market Infrastructures (CPMI).
The board also published and submitted a...
A new report by the FSB sets out a framework to oversee crypto-asset markets and assess the risks to overall financial stability as crypto markets grow
Brazils Federal Police has recently arrested 12 individuals connected to a gang that allegedly used bitcoin to launder millions of dollars earned smuggling drugs into Europe, Asia, and Africa. According to local news outlet Folha de S.Paulo, the gang was busted in an operation dubbed Antigoon, in cooperation with the countrys Department of Federal Revenue. Continued
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KashMiner, a Bitcoin mining computer which was on display on Kodaks official stand at the CES technology show in Las Vegas in January, turned out to be a misleading product with unachievable advertised profits. The product, which was never officially licensed by Kodak, will not go ahead, according to the company behind the scheme.
Spotlite USA is a brand licensee for Kodak LED lighting products, which allows the company to put the famous brand on its own products.
In January 2018, the firm exhibited a rentable cryptocurrency mining computer. Its business plan was based on letting people pay an upfront fee to rent the computer. Customers would be able to pay off the $3,400 fee and make a profit out of the cryptocurrency mining activity with KashMiner.
A BBC report, however, found that the company was never officially licensed to use Kodaks brand for the mining rig and that the estimated payout for cryptocurrency miners was unrealistic given that mining Bitcoin is increasingly difficult and costly. The promotional material promised earnings of $375 per month for two years, which would total $9,000 by the end of the contract and provide a profit of $5,600 for Bitcoin miners.
Saifedean Ammous, a Professor of Economics at the Lebanese American University and author of The Bitcoin Standard: The Decentralized Alternative to Central Banking told the BBC that every single Bitcoin miner using KashMiner would lose money in such an investment.
There is no way your magical Kodak miner will make the same $375 every month, Ammous said.
The companys CEO, Halston Mikail, said he plans to install hundreds of KashMiners at Kodaks headquarters and that it had already installed 80 devices there. The claim was refuted by a spokesperson for Kodak, who told BBC that no devices had ever been installed.
While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
Questioned by the BBC in a phone call, Spotlites CEO claimed that the deal with Kodak didnt go forward because of interference from the U.S. Securities and Exchange Commission (SEC) and that the company changed its business plan.
Instead of renting KashMiners to consumers, Spotlite USA will be running its mining operation in Iceland, where it has a number of devices installed. It is unclear that Spotlite USA was attempting to scam cryptocurrency miners, but evidence suggests gross miscalcula...
Cryptocurrency platform Coinbase has been authorized by the SEC to list digital coins considered to be securities on their platform
South Korean exchange Bithumb has announced that it will open new offices in Japan and Thailand. According to local news outlet ZDNet, Bithumb is awaiting the approval of Japanese Financial Services Agency (FSA) and Thai Securities and Exchange Commission (SEC). Cryptocurrency Regulations in Japan & Thailand Bithumb explained that it chose Thailand because the e-commerce and fin-tech Continued
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The much publicized partnership that would have resulted in digital media brand Kodaks name appearing on a string of bitcoin miners is no longer. Constructed in January at the CES technology show in Las Vegas, the Kodak KashMiner boasted 2 year revenue projection of $9, 000 and required that an up front payment of approximately one 3rd of that sum. The product debuted around the same time that Kodak inked a still-in progress partnership which will see its name attached to some cryptocurrency. Critics accused Kodak of utilizing the KashMiner as a brief term stock increase, with a few even calling the product a Kodak branded cryptocurrency folly for its unrealistic claims.
In accordance with the BBC, the brand licensee for Kodak Light-emitting diode Lighting devices known as Spotlite United States had initially intended to label and lease Out the KashMiner for customers, but finally the enterprise was never formally licensed and no device had been installed. . The news comes as somewhat of a shock given that a representative for Spotlite told the BBC in the time of unveiling that hundreds KashMiners were to arrive soon and add to the 80 already in possession all in order to meet demand coming from interested miners. Currently, according to Spotlites Chief executive officer, Halston Mikail, the project never got off the ground in the first place.
Mikail told the news agency: While you saw units at CES from our licensee Spotlite, the KashMiner isnt a Kodak brand licensed merchandise. Units werent installed in our headquarters. . He reportedly added the U.S. Securities and Exchange Commission place to halt the plan and efficiently prevented the Kodak KashMiners from being rented as initially planned. Instead, Mikail told the BBC the company would concentrate on growing its own mining operations at house. Flash photography image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet which strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Congress is set to hold not one, but two different hearings linked to cryptocurrencies on Wednesday. A week ago, CoinDesk reported the House Committee on Financial Services is set to maintain its latest gathering on the topic, this one polishing in on the question of crypto as a brand new sort of money. A memo released since that information first broke especially states that members will examine the degree to which the US government should consider cryptocurrencies as money and the possible domestic and international applications for cryptocurrencies. . That same afternoon, The Committee on Agriculture Committee will hold a hearing entitled Cryptocurrencies: Supervision of new assets in the Digital Age.
In a statement, President Michael Conaway explained the audience aims to shed light on the promise of digital assets as well as the regulatory challenges facing this new asset class. . It is noteworthy statement, announcing That at least some from the U.S. National legislature hold the opinion that cryptocurrencies constitute a brand new kind of asset. Our commission has a deep interest in encouraging strong markets for commodity of all sorts, such as Those emerging through new technologies, Conaway added. Together, the audiences represent a double header of sorts, and CoinDesk has verified both hearings will be live streamed from Capitol Hill, Washington, DC.
The agriculture committee hearing will take place in 10 a.m. EST whilst the Financial Services Committees hearing will happen at two p.m. EST. In accordance with the Financial Services Committee memo, the witnesses set to appear are: Dr. Rodney Garratt of the University of California Santa Barbara. Norbert Michel of the Heritage Foundations Center for Data Analysis, Dr. Eswar Prasad, a senior colleague at the Brookings Institution, and Mr. Alex Pollock, a senior researcher at the R Street Institute. Capitol Building picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
According to reports the social media platform Twitter has been deleting millions of fraudulent accounts per day, and stated during the first week of July that it suspended more than 70 million accounts throughout May and June. However, the cryptocurrency industry is still plagued by tons of ETH scam-bots pretending to be bitcoin luminaries and this scheme has made these particular fraudsters millions.
Over the last few weeks, news.Bitcoin.com had written about the various Twitter scams and fake Ethereum giveaways that can be found throughout lots of conversations within the cryptocurrency industry. Some developers have even been working on cryptographic solutions that can weed out the vast amount of lookalike Twitter scammers. The massive amount of phony accounts use a persons profile picture, the same username, and these frauds typically jump into a conversation following a hot tweet and push their ETH giveaways....
The New York Department of Financial Services has granted a BitLicense to crypto payments operator BitPay
The Chartered Financial Analyst (CFA) Institute are adding cryptocurrency and blockchain topics to their 2019 exam. The subjects will form a new module called Fintech in Investment Management.
The CFA Institute have responded to growing demand for education on digital currencies and blockchain. According to a report from Bloomberg, many connected with the financial industry have requested the inclusion of such topics through interest groups and surveys.
The exam itself is a three-level study. It has already been taken by over 150,000 professionals in the financial industry. The 2019 edition of the paper will, for the first time, include study of cryptocurrencies and blockchain.
The inclusion of such topics is appropriate as more traditional financial interests are beginning to explore digital currencies. The likes of the CBOE and the CME Group launched Bitcoin futures contract trading late last year, and Goldman Sachs have been exploring how they can offer cryptocurrency trading.
Stephan Horan is the managing director for general education and curriculum at the CFA Institute in Virginia. He spoke to Bloomberg about the decision to include the topics on their curriculum:
We saw the field advancing more quickly than other fields and we also saw it as more durable. This is not a passing fad.
Kayden Lee, a student of finance at Colombia University, added that the extra topics would be beneficial to those in similar educational pursuits since there has been a huge expansion and adoption of crypto in our investment universe.
As well as the dedicated fintech module, cryptocurrency will also appear as part of the professional ethics side of the course. Such inclusion is relevant as many see ethics as being absent from the digital currency space particularly as the financial innovation largely exists outside of legal frameworks at present.
Candidates take the CFA Institute exam to give them a better understanding of global finance, as well as a greater likelihood of landing a job in the field. According to Bloomberg, most of the candidates taking the test come from Asia. This also happens to be where a lot of current cryptocurrency trading takes place.
Darius Sit, a foreign-exchange trader-turned managing partner at a digital asset tradin...
Bitmain, the worlds largest cryptocurrency company valued at $12 billion, and billionaire technology investor Peter Thiel have invested in Block.one, the development firm behind EOS. Jihan Wu, the co-founder and CEO of Bitmain, who is expecting to close a $12 billion initial public offering (IPO) this summer, said in an official statement that the EOS Continued
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What cryptocurrencies have bottomed out? See the latest price analysis to find out
The Korea Internet & Security Agency signs MOU with land and housing corporation to develop blockchain-powered e-documents storage
The CEO of the worlds foremost cryptocurrency exchange, Binance, has just confirmed that it will be going forward with an upcoming BNB token burn.
Binance has become well-known for offering so-called token/coin burns, buying back and destroying its native cryptocurrency (BNB) every fiscal quarter. The burn has become so popular that users eagerly await the announcement, buying BNB in anticipation for the eventual burn.
As per the CEO of Binances tweet, the Binance team is getting prepared for the fourth quarterly burn, as Binance has recently reached the ripe age of one-year-old. Changpang Zhao, who goes by the nickname CZ in the cryptocurrency community, wrote:
Binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in the next day or so, and finish the burn within a couple days after that. Thank you for your patience and support!
@binance is doing a final tally on the numbers, and will announce our 4th quarterly burn in the next day or so, and finish the burn within a couple days after that. Thank you for your patience and support! pic.twitter.com/ulWfHeUGbb
CZ (not giving crypto away) (@cz_binance) July 16, 2018
Binances last token burn was completed just three months ago on April 15th, with the exchange burning just over two million BNB, or approximately 1% of the Binance Coins total supply.
In an announcement, the exchange wrote:
In accordance with our whitepaper, we have now completed the burn of 2,220,314 BNB (roughly $30MM USD equivalent) for our 3rd quarter.
According to the exchanges whitepaper, every quarter, Binance will use 20% of its profits to buy back BNB at market value and burn them, removing said tokens from the overall circulating supply. This process will continue until 50% of all BNB are burned, or approximately 100 million tokens....
An initial coin offering (ICO) operated by a little-known company in China and backed by a former Macau gangster raised $750 million in less than five minutes. The South China Morning Post reports that World Hung Mun Investment led by former 14K Triad gangster Broken Tooth Wan Kuok-koi sold 450 million HB tokens Continued
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As the cryptocurrency industry matures and public interest
heightens, blockchain research and educational efforts have made
their way into the halls of some of the worlds leading
Courses on cryptocurrency finance, blockchain development and
related law are developing into serious avenues of study.
Theyre academias response to a formerly stigmatized spaces debut
into mainstream culture, a formal and accredited extension to the
work of innovators and leaders who propelled the space forward when
it was still relatively underground.
Complementing classroom offerings, university-led blockchain research and development initiatives are on the rise, as teams of professors, blockchain developers and students work to take the industry from market speculation to mainstream application.
Massachusetts Institute of Technology (MIT) features the oldest and perhaps best-known university-sponsored blockchain development lab in the world. Since 2015, the MIT Media Labs Digital Currency Initiative has brought together some of the space's leading independent developers with MIT faculty to extend the development of such applications as the Lightning Network.
Halfway into 2018, some of the world's top universities are joining MIT and vetting initiatives of their own. New in structure but by no means new to the field, Stanford's month-old blockchain R&D lab was launched with a bit of a jumpstart. Co-directors Dan Boneh and David Mazires have three years of blockchain-focused research and academic papers to set the lab into motion. Both directors are computer science professors at Stanford and have taught courses on blockchain technology since 2015.
As these labs begin operating in the background of academia, these professors can take the work they've done in the classroom and work toward tangible developments. At the intersection of education and innovation, these R&D efforts show the potential and need for industry growth and the plethora of talent that can nourish it.
They also show us that market cap and investor returns alone may be poor indicators for whether a fledgling industry is growing. These labs arent paying the way themselves; theyve tapped into the pocketbooks of some of the spaces most notable entities, including the Ethereum Foundation and Ripple. Disregarding the markets steady decline from all-time high prices this year, these big players are investing heavily in research and development for the future growth and health of the space.
Together, these funds and the labs they support are creating the infrastructure to...
Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday.
The much-publicized partnership that would have resulted in digital media brand Kodak's name appearing on a series of bitcoin miners is no more.
South Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered.
Coinrail reported that it was hacked on June 10 with an estimated damage of about 45 billion won (~US$40 million). The exchange suspended trading after the hack as it tried to recover lost coins. Coinrail resumed service on July 15, announcing:
We have completely revamped the existing security system that exposed the vulnerability, and have upgraded the overall security level.
Developers of EOS, Block.one, have received a further round of investment from backers including Peter Thiel, Bitmain, Louis Bacon, and Alan Howard. This follows recent support by Mike Novogratzs Galaxy Digital and new hiring appointments to the Block.one team.
Peter Thiel was the founder of Paypal and one of the first investors in Facebook. He has also invested in Airbnb, LinkedIn, and Yelp. He says his biggest mistake was not investing more in Facebook during a second round of investing and also claims seed investing is much harder now than it was 10 years ago.
According to a January report from the Wall Street Journal, Thiel has reportedly bought hundreds of millions of dollars of Bitcoin, according to people familiar with the matter. Founders Fund, Thiels venture capital fund, has purchased the large amount of Bitcoin and has also recently invested in crypto startup Tagomi Systems.
As Block.one prepares to announce its future plans, were excited to welcome key strategic investors aligned with our values of creating a more secure and connected world, said Block.one CEO Brendan Blumer in a press release.
Bitmain is one of the largest manufacturers of bitcoin mining hardware. They were recently valued at $12 billion after their latest funding round. According to reports, Bitmain has plans to invest $50 million in the IPO of Opera Browser. Following a $400 million investment, Bitmain seems to be preparing for an IPO in Hong Kong.
Bitmain CEO Jihan Wu said: The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockch...
Deputy director of Chinas IT Ministry has called for industrial-scale blockchain adoption for the new digital economy
Bitcoin is inching its way closer to the $7000 dollar range, but there are key technical hurdles in its way to greener pastures.
Cryptocurrency payment processor BitPay has become the eighth firm to receive a BitLicense from the New York Department of Financial Services (NYDFS), which oversees what is arguably the most-restrictive state-level framework for the U.S. cryptocurrency industry. The NYDFS announced on Monday that it had approved the Atlanta-based BitPays application, following a comprehensive review of the Continued
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World-renowned investment association CFA exam adds crypto and blockchain topics
Cryptocurrencies are seeing some good gains over the past two days after market capitalizations lost billions last weekend. Over the last six days, the entire digital asset economy has seen an increase of around $15Bn and now averages around $268Bn on Monday, July 16. Digital currency proponents are hopeful the past six months of bearish market sentiment is over and brighter days may be ahead.
Digital asset traders and enthusiasts are optimistic cryptocurrency markets may reverse their downward trend over the next few weeks leading up to the Cboe ETF decision. Last weekend markets were seeing losses across the board as the top cryptocurrency values had dropped 5-...
As the crypto marketplace carries on to delve deeper in the realm of traditional fund, the Chartered Financial Analyst Institute is taking note, so much so the organization is adding cryptocurrency and blockchain sections to its 2019 certification exams. The developments will be included in the magicians Levels I and II curricula, and the substance will be a subsection in a seminal, wider reaching subject area entitled Fintech in Investment Management. In this new subject area, CFA students will be capable to research cryptocurrency fund alongside other burgenoing fintech industries, like artificial intelligence and machine learning. These new offerings will be contained in the CFAs lesson homework beginning in August 2019.
The recently included field will also find its way into the magicians materials on professional integrity. This addition seems fitting for a business thats under constant monitoring by world governments for money laundering, fraud, market manipulation along with other unscrupulous practices. The CFA decided to present the offerings after getting positive feedback and increasing interest from a number of focus groups and questionnaires. These crypto curious answers reflects the same maturing institutional interest which has directed the CBOE to document to get a Bitcoin Exchange-traded fund On top of its futures offerings and encouraged Andreessen Horowitz to establish a multi hundred million dollar crypto fund.
We watched the area advancing faster compared to other domains and I have seen it even more durable, CFA Managing Director for general education and Curriculum Stephen Horan told Bloomberg in an interview. This isnt a passing fad. ,In vetting the business, the CFA is glowing a ray of legitimacy onto cryptocurrencys financial ramifications. The institute is among the most skillful and successful financial analyst training centers around the world, globally administering just over 270, 000 accreditation exams for financial analysts in 2017. With over 150, 000 international members, it is among the largest global associations of financial professionals in the world.
This is how some Russians invest in Bitcoin
A blockchain-based marketplace is launching a curated collection of modern images available to license directly by their creators with lower fees than agencies #SPONSORED
EOS protocol maker Block.one has received new backing from a number of big name investors, such as PayPal co founder Peter Thiel. In a fresh round of financing the amount of that wasnt disclosed Block.one, the firm behind whats now become the 5th most precious cryptocurrency by market capitalization, has added Thiel, Bitmain and hedge fund billionaires Louis Bacon and Alan Howard to its list of investors. Chief executive officer Brendan Blumer stated the company is excited to welcome key strategic investors aligned with our values of producing a more safe and connected world. The EOSIO protocol is a superb example of blockchain innovation.
Its functionality and scalability could meet the requirements of demanding consumer applications and will pave the way for mainstream blockchain adoption, Wu said in a statement. As soon as it is not obvious how a funds will boost the approximately $4 billion raised over the span of a year long token sale EOS officially launched in June it undoubtedly adds some institutional heft to Block.ones ranks. A few of the other investors in the company include Galaxy Digitals Mike Novogratz along with the creator of the Apeiron Investment Group, Christian Angermayer. It is been a bumpy ride since launch, with the job encountering governance related headwinds along with criticisms around a mediation mechanism thats targeted in resolving disputes between parties on the network.
A week ago, CoinDesk noted that Block.one is presently planning to play a much more active role in the network than what was possibly originally conceived. Peter Thiel picture via CreativeCommons. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
A Russian national accused of laundering billions of dollars for the exchange of crypto, now disappeared, BTC-e could soon be extradited to France following a court decision. Since his arrest last summer, Alexander Vinnik has been in the centre of a lawful tug-of war between the authorities of Russia, the U.S. And, more lately, France, all of that are looking to extradite him. Vinnik, who has claimed no wrongdoing from all fees, awaiting a decision from the Greek authorities in which country hed ultimately be routed to, however in the past hed voiced a taste for extradition to Russia. In accordance with the Associated Press, the Greek courts determined Friday that Vinnik will be transmitted to France in light of accusations of his participation in cyber attacks from some 100 French nationals.
The decision drew swift critique from the Russian government in aftermath of the expulsion of two Russian diplomats out of Greece a day before linked to tensions over the entry of Macedonia to the NATO military alliance. Ilias Spyrliadis, Vinniks defense attorney, was reported by the The Washington Post as saying that Vinnik will appeal the decision and continue to maintain his innocence out of all criminal charges. Indeed, this isnt the primary appeal Vinnik has made before Greek government, pushing back on the green lighting offered last December that would have efficiently extradited Vinnik into the U.S. The U.S.
Government asserts Vinnik was the operator of BTC-e and used the platform to launder a $4 billion in the course of six years. Levying a $110 million fine from the market and also a $12 million penalty against the Russian national himself, Vinnik would face up to 55 years in jail if convicted at the U.S. Paris image via Shutterstock. The leader at blockchain news, CoinDesk is a media outlet which strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
An online petition platform has created a screensaver that turns idle computer systems into Bitcoin miners. Change.org will take the revenue generated by their new initiative and use it to help fund the Change.org Foundation.
The idea behind The Mining Screensaver is simple. The computer systems of those who install the software will be used to mine on the Bitcoin blockchain. By pooling the power of many computer systems together, each will be helping to generate Bitcoin for Change.org. They will then use this to fund various initiatives through their Change.org Foundation.
Although one computer system isnt powerful enough to mine Bitcoin for profit anymore, Change.org are hoping they can create a large enough pool of users to make mining on CPUs successful. Ideally, entire offices will install the screensaver on their systems. However, its unclear how many office managers will be keen to significantly up their electricity bill by turning all their idle machines in to power-hungry crypto-miners.
If youre feeling generous yourself (or just want to know a bit more about the idea), you can head over to The Mining Screensaver website. There youll find additional details, as well as a download link to get the screensaver on your system. Unfortunately, this is only available for Windows machines at present. There is no mention on the site about plans for Mac support either.
For those that dont know, Change.org are an online petitions website. Users of the platform can create a petition about any injustice they see fit. Recent examples of petitions on the website have included an effort to encourage the U.K.s Minister for Women and Equalities to extend civil partnerships to those outside of same-sex relationships, as well as a petition to try to reduce waste caused by supermarkets discarding unsold produce at the end of the day.
In addition to their petitions platform, Charge.org recently set up the Change.org Foundation. This initiative seeks to empower people through the building of various social movements around the world. It hopes to achieve this through digital campaigning and the proliferation of education. It is this foundation that The Mining Screensaver will be contributing towards. According to their website:
We believe sustainable, positive social change can only occur when citizens are empowered to raise their voices. We support people, many with direct experience of the injustice and inequality, to lead campaigns tackling issues affecting their countries and communities.
Privacy Coin Monero (XMR) successfully completes the first audit for its new bulletproofs protocol. In an official blog post back in December 2017, Monero announced its intentions to pursue including the bulletproofs mechanism into its protocol. They stated that bulletproofs would lead to massive space savings, better verification times, and lower fees.. The deployment was Continued
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Global consultancy firm Accenture plans to give aerospace supply chains the blockchain treatment in forthcoming unveiling at the UKs Farmborough Airshow
As the crypto market continues to meld into the realm of
traditional finance, the Chartered Financial Analyst (CFA)
Institute is taking notice so much so that the organization is
adding cryptocurrency and blockchain sections to its 2019
The additions will be included in the institutes Level I and II curricula, and the material will be a subsection in a seminal, wider-reaching subject area entitled Fintech in Investment Management. Within this new subject area, CFA students will be able to explore cryptocurrency finance alongside other burgenoing fintech industries, such as artificial intelligence and machine learning. These new offerings will be included in the CFAs lesson prep beginning in August 2019.
The newly included field will also find its way into the institutes materials on professional ethics. This inclusion seems fitting for an industry that is under constant monitoring by world governments for money laundering, fraud, market manipulation and other unscrupulous practices.
The CFA decided to introduce the offerings after receiving positive feedback and rising interest from a number of focus groups and questionnaires. These crypto-curious responses reflect the same maturing institutional interest that has led the CBOE to file for a Bitcoin ETF on top of its futures offerings and encouraged Andreessen Horowitz to launch a multi-hundred million dollar crypto fund.
We saw the field advancing more quickly than other fields and we also saw it as more durable, CFA Managing Director for General Education and Curriculum Stephen Horan told Bloomberg in an interview. This is not a passing fad.
In vetting the industry, the CFA is shining a ray of legitimacy onto cryptocurrencys financial ramifications. The institute is one of the most proficient and prolific financial analyst training centers in the world, globally administering just over 270,000 financial analyst accreditation exams in 2017. With over 150,000 international members, its one of the largest global associations of financial professionals in the world.
This article originally appeared on Bitcoin Magazine.
The disputes in large investor and cryptocurrency communities about IMMO project are still on. Vitalik Buterin, the founder of Ethereum, has not stayed away from such disputes. Moreover, he was among the first ones to publicly discuss IMMO on his Twitter. Recently Lon Wong, Tim Draper, Jimmy Song, Simon Cocking and other prominent figures in the crypto community have shared their views, too.
The creators of the project dont seem to like making any official statements, obviously preferring to remain anonymous. While smaller investors can only make rumour-based guesses on IMMO, the big players probably have got some inside information on this mysterious project, which, based on hearsay, is associated with the oldest banking dynasty. As a result of time-consuming research, weve managed to get a document from a person that is well familiar with the matter, on condition of his anonymity.
Inside the document
We believe that the document we acquired is being used by IMMO for internal person-to-person communication with private investors and foundations. As it follows from the part of the document available for us, IMMO positions itself as a world crypto standard and reserve currency based on fundamental values. Apparently, combining the qualities of digital currency and fiat money, IMMO offers a new paradigm of intrinsic value. Unfortunately, we couldnt find more information on the fundamental value of IMMO, but as it is evident from the sources, IMMO tokens are secured by scarce resources of universally recognized value. Earlier crypto media assumed that those resources may be precious metals or real estate.
These resources constitute a controlled inside legal structure, in the form of a trust a specific legal form that has established itself centuries ago as a method of saving property through time. Thus, it was used by wealthy people and the richest dynasties. But in the blockchain context trust form has never been used before, that is why no one actually can say how viable its going to be given the impacts of technology. Its worth mentioning that in a private chat within the recently held Future of Fintech conference weve managed to find out that the legal model of IMMO is affirmed by one of the Big Fours consulting companies.
According to our source, IMMO has developed a legally sustainable model of binding crypto assets with the real ones. Within this blockchain-based legal structure, IMMO token will define the right to control in the trust. The document states that thanks to this legal binding IMMO.FOUNDATION will continue to exist beyond technologies and time, and the interests of beneficiaries will be...
In a legal tug-of-war between France, Russia and the U.S., Greek courts have ruled in France's favour to take over custody of Alexander Vinnik.
A British Mosque has collected four times more donations
in cryptocurrencies than fiat, showing another example of the
growing importance of the innovative instruments in charity. People
from all around the world donated to the mosque using
cryptocurrency during Ramadan, including one transaction of over
The Shacklewell Lane Mosque, also known as Masjid Ramadan, in Dalston, East London, UK has decided to accept cryptocurrencies as charity, as we reported back in May. The move has paid off well for the house of prayer as it reportedly collected four time more donations in crypto than fiat...
Billionaire Peter Thiel and bitcoin mining giant Bitmain are headliners in a star-studded investment round for Block.one, the creator of the EOS cryptocurrency. Billionaires Headline Block.one Funding Round Block.one announced the conclusion of the funding round on Monday, but the firm did not reveal its size or at what valuation it was conducted. In any Continued
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Malta based tokenization platform STASIS has established EURS, a stablecoin endorsed by the Euro. EURS, intending to be the largest fully verified and collateralized stablecoin from the world, started with a $100 million pre launching order book which is likely to hit $500 million by years end. Similar to Tether, EURS is fiat. Each stablecoin unit is endorsed with a corresponding component of Euro. Created to meet the yearnings of European institutional investors, STASIS believes that the EURS token can offer protection during periods of extreme volatility in the market whilst enhancing the risk and yield metrics of crypto investment portfolios.
Leveraging Ethereums network, EURS is the EIP-20 token. Talking at Bitcoin Magazine, Gregory Klumov, STASIS Chief executive officer, believes EURS would be a game changer that could usher in more European institutional investors. He explained, STASIS created EURS token following the requirement of institutional clients, high net worth individuals, and funds that trade electronic assets. In addition, we think theres a deficiency of cost stable cryptocurrency with the visible transparency of reserved assets. The advanced 3 level asset check procedure for EURS makes it stand out from some of the stablecoin jobs presently available on the market. This advance 3 level 3 check process, comes in the kind of weekly and daily account statements and quarterly audits submitted to the public by one of the Big Four accounting firms.
, Exante Ltd., a Cyprus investment solutions company registered with the Cyprus SEC, procedures weekly and daily account statements to the company, but there is no official audits are available, no obvious info yet on which accounting company will be accountable for these quarterly reports. One major concern with stablecoins is whether or not the sender can contain enough fiat to save the electronic coins in circulation. STASIS, which now has a total source of 291, 000 EURS in circulation, states its collateral reserve is being managed by an unnamed AAA rated European institution, using a conservative, duration distinguished bucket strategy, where reserves are broken down into several periods and analyzed to determine people who subscribed and redeemed.
Representatives from STASIS told Bitcoin Magazine the name of the institution could be revealed at a later date. The weights of those items depends on their statistical subscription to redemption ratio. Well have access to more data once the product is launched on more exchanges, Klumov added. EURS is presently being traded on London based crypto market DSX, but there are plans to expand to other exchanges of crypto-currencies in the future.
Malta-based tokenization platform STASIS has
launched EURS, a stablecoin backed by the Euro. EURS, aiming to
be the biggest "fully verified and collateralized stablecoin" in
the world, launched with a $100 million pre-launch order book which
is expected to hit $500 million by years end.
Similar to Tether, EURS is fiat-collateralized. Each stablecoin unit is backed by a corresponding unit of Euro.
Created to satisfy the yearnings of European institutional investors, STASIS believes that the EURS token can provide protection during periods of extreme volatility in the market while improving the "risk and return metrics of crypto-investment portfolios." Leveraging Ethereums network, EURS is an EIP-20 token.
Speaking to Bitcoin Magazine, Gregory Klumov, STASIS CEO, believes EURS will be a game changer which could usher in more European institutional investors. He said, "STASIS created EURS token following the demand from institutional clients, high net-worth individuals, and funds that trade digital assets. Also, we think that there is a lack of price-stable cryptocurrency with the visible transparency of reserved assets. The advanced 3-level asset verification process of EURS makes it stand out from any of the stablecoin projects currently available on the market."
This advance 3-level asset verification process comes in the form of daily and weekly account statements and quarterly audits posted to the public by one of the Big Four accounting firms. Exante Ltd., a Cyprus investment services company registered with the Cyprus SEC, processes daily and weekly account statements for the company, but there are currently no official audits available, with no clear information yet on which accounting firm would be responsible for these quarterly reports.
One major concern with stablecoins is whether the issuer can hold enough fiat to backup the digital coins in circulation. STASIS, which currently has a total supply of 291,000 EURS in circulation, says its collateral reserve is being managed by an unnamed AAA-rated European institution using a conservative, duration-distinguished bucket strategy, where reserves are broken down into several periods (buckets) and analyzed to determine those who subscribed and redeemed. Representatives from STASIS told Bitcoin Magazine that the name of the institution would be revealed at a late...
As a rapidly growing business sector, e-commerce continues to open up new avenues for exploring, comparing and purchasing products worldwide. Spl.yt, a smart contract protocol, aims improve the e-commerce system for buyers and sellers by automating functions currently performed by middlemen marketplaces like Amazon, eBay and Alibaba.
Such popular online platforms have no doubt transformed the way in which we shop and live. Access, convenience, low prices and the availability of a large selection of products are among the many benefits these platforms deliver to consumers. But such benefits provided by centralized corporations come at a cost increased prices, process inefficiencies and aggressive marketing using huge amounts of personal data.
Research from The Enterprise Guide to Global Ecommerce projects a 246.15 percent increase in global e-commerce sales, from $1.3 trillion in 2014 to $4.5 trillion in 2021. And while Amazon alone accounts for almost half of that revenue, there remains a huge ocean of online opportunities for other businesses to share.
As the e-commerce landscape faces domination by the likes of established industry players, innovative approaches to buying and selling are experiencing roa...
FCoin, a brand new cryptocurrency exchange that saw spiking trading quantity lately because of its controversial revenue model, has revealed a plan to purchase back millions of its own tokens to provide capital for a brand new fund of funds. The exchange announced last Friday that the new fund will be funding a set of selected token funds to further invest in blockchain and cryptocurrency projects. The funds selected will be an accredited sponsor, he added. During an initial phase, itll devote 100 million of its own FT tokens value around $24 million at press time to finance the project.
Nevertheless, instead of providing the sum from its own reserves, FCoin said the capital will come from the repayment of tokens on the secondary market. The movement exerts FCoins inclusion of a brand new FT trading area, also declared on Friday, which include trading pairs between FT along with other tokens. FCoin said that only the projects which have raised more than 3 million FT throughout the fund of funds and have been recommended by at least two sponsors will be eligible for listing in the new trading section. As previously reported by CoinDesk, FCoin saw soaring trading volumes after launching because of the adoption of a brand new business model called trans fee mining, which reimburses users interchange fee with the markets FT tokens.
Whilst the model has attracted industry critique over its long term sustainability, CoinMarketCap data shows the platform recorded some $3.8 billion in trading volume during the last 24 hours. That said, FCoins plan to get back its tokens from the secondary market follows a continuous decrease in the price of the FT token, that has dropped by around 80 per cent above a month, from $1.25 on June 13 at about $0.24 at press time. Coins image via Shutterstock. The leader CoinDesk, in blockchain information is a media outlet that strives for the highest journalistic standards and abides by a set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
The Hong Kong Monetary Authority, the autonomous Chinese territorys de facto main bank, is poised to establish a live blockchain trade finance platform in two months. The Trade Finance Platform is a blockchain project initiated by 7 banks in Hong Kong. The project has been eased by the HKMA and is targeted for launch by Sept 2018, the jurisdiction told CoinDesk via email. Based on a report from the Financial Times on Monday, the HKMAs blockchain platform has 21 banks engaging as participating nodes, such as HSBC and Standard Chartered. The project has been public since ancient in 2017 when reports suggested several banks had finished test for the trade finance platform, along with HKMA, in a bid to bring transparency to information sharing over financial institutions.
As previously mentioned, participants in the time comprised the HKMA, Bank of China, Bank of East Asia, Hang Seng Bank, HSBC and Standard Chartered Bank, with consulting firm Deloitte as a facilitator for the project. The goal of the platform is to reduce scams associated with trade finance and double funding, and for that reason result in increased credit availability and reduced funding costs in the long term. This might then assist small and mid-sized enterprises access to trade financing, the HKMA clarified today. Apart from the founding banks, other institutions also have signaled interest in the platform, the e-mail added, and also HKMA expects more banks to pass gradually connect in the future.
When and if it goes the HKMA project is going to be one of the very first live blockchain trade finance platforms backed by a government institution. Before this month, a bunch of European banks also declared that the trade finance blocking platform, called We.Commerce licensed by technology giant IBM can be dwell. In the mean time, the HKMA is also working with its counterpart in Singapore to develop a blockchain based trade finance network to repay cross border transactions. The two partners previously anticipated a launching in ancient 2019. Hong Kong landscape picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
In a fresh round of funding, Block.one has added to its line-up of major investors PayPal co-founder Peter Thiel and bitcoin mining giant Bitmain.
EOS developer Block.one has closed investments from billionaire PayPal co-founder Peter Thiel and Bitmain billionaire Jihan Wu
Stock trading app Robinhood has listed dogecoin on its commission-free cryptocurrency trading platform, the company announced on Monday. The parody cryptocurrency, created in 2013, currently ranks as the 44th-largest cryptocurrency, with a circulating market cap of $288 million. At its peak in early January, dogecoins market cap swelled as high as $2.1 billion, much to Continued
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The Hong Kong Monetary Authority is poised to launch a live blockchain trade finance platform within two months.
The Japanese NTA (Tax Agency) has announced a new strategic policy put in place by July 15th to promote and improve the environment for people and companies to spontaneously declare their virtual currency income tax returns.
Together with the Financial Service Agency and cryptocurrency related organizations, the NTA has reportedly said a simplified tax declaration method, which would automatically calculate profits made by selling virtual currencies and tax returns, is currently underway.
The NTA also urged private companies to utilize the software which can automatically calculate profits and losses made in cryptocurrency, and encouraged them to properly pay taxes, insisting the com...
The Financial Stability Board (FSB), an international body tasked to monitor the global financial system while coordinating regulation for G20 nations, has published a new framework for monitoring cryptocurrency assets. With an announcement on Monday, the FSB published its report and revealed its standardized framework delivered to G20 finance ministers and central bank governors ahead Continued
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International investment management company, BlackRock, is reportedly mulling a move into bitcoin. Based on a Financial News London report on Monday, the NY based asset manager has now set up a working group to look into ways it could take benefit of cryptocurrencies and blockchain technology, as well as to monitor what rivals are doing in the space. Citing sources close to the issue, the article claims that the working group is constituted of distinct branches from within BlackRock, and might be looking at the chance of a bitcoin ETF. Right after the news broke, bitcoins cost rose sharply from $6, 360 to $6, 646 in just 2 hours a profit of over $280.
Even though BlackRock only acknowledged an overall investigation into blockchain when asked by Financial News, the potential move into bitcoin futures wouldnt come as a surprise. The companys Chief executive officer Larry Fink has made favorable remarks about cryptocurrency in the past, saying in October 2017 he was a big believer in bitcoin, although he too cautioned that its an indicator for money laundering. . Since that time, in Februarythe company has said it envisions a broader role for cryptocurrencies from the future, and that blockchain has guarantee despite several challenges. As mentioned by CoinDesk, international chief investment strategist Richard Turnill said at that time in a business report: We see cryptocurrencies possibly becoming more widely utilized in the future in the marketplace we think they should only be contemplated by evolves.
However for the time being we believe that they should only be considered by people who can stomach possibly finish losses. 3 trillion in assets under management, based on figures from December 2017 substantial hurdles to reach its future. . According to online resources, 3 trillion in assets under management, based on figures from December 2017. BlackRock building picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Crypto exchange FCoin is to buy back 100 million of its own tokens to provide capital for a new fund of funds.
China, which is on its way to becoming a cashless society, highlights how cryptocurrencies could be used for all global payments. However, the overreaching control of the Chinese state shows why cryptocurrencies are needed to maintain the financial freedom of citizens.
Roughly two-thirds of Chinas population use WeChat to make everyday payments by scanning QR codes. Alibabas Alipay also has around 520 million users. Due to the proliferation of mobile networks across China, this reach of digital payments extends beyond the cities. Even in some rural villages, these systems are used instead of cash to pay for locally produced food.
Alibaba, which runs a major e-commerce site called Taobao, has expanded through two new offerings based in villages and rural areas. Taobao villages aim to enable villagers to sell their goods online. Rural Taobao helps those in the hardest-to-reach areas acquire bedding materials and shoes at a local delivery point.
Cryptocurrencies have long been touted as the solution to the unbanked but it has so far not delivered more than conventional solutions. However, the prevalence of mobile banking in rural areas presents a vision of what a cryptocurrency future could look like. The use of QR codes is important because they have often been used to represent crypto public addresses.
While WeChat and Alipay show the potential of a cashless society, it is important to note why cryptocurrencies would be a better alternative. One reason is that cryptocurrencies allow users to fully own their own money in a way that cannot be controlled by the state.
China is set to digitize more and more systems including train tickets and national identity cards which are used to open bank accounts. Taxis mostly work through an Uber-style app and private cars only accept mobile payments. It is getting very difficult to buy anything without having a mobile payments account which requires a Chinese bank account.
China is notorious for controlling its citizens liberties. They have recently set up a ranking system for citizens which controls their freedom based on behavior. More than nine million people have already been banned from buying plane tickets. Punishments...
Bitcoin has reclaimed the $6,600 price point, total market cap up $12 billion today rally likely triggered by news that the $6.3 trln asset management giant BlackRock is eyeing crypto
Six months after its chief executive lambasted bitcoin as an index of money laundering, BlackRock the worlds largest exchange-traded fund (ETF) provider has set up a working group to explore how to profit from the burgeoning cryptocurrency ecosystem. The Financial News reports that the $6.3 trillion asset manager has begun discussing whether to Continued
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Global investment management company BlackRock may be mulling a move into bitcoin futures, according to a report.
Move away Antminer Z9 Mini, Bitmain is starting to sell the full Antminer Z9 that will supposedly offer 40000 Sol/s for Equihash mining at 1150W of power usage with deliveries starting at the beginning of September and priced at $3319 USD (PSU is not included). For comparison the already available Antminer Z9 Mini offered just 10000 at about 250W of power usage. On the other hand there is also the Innosilicon A9 ZMaster Equihash ASIC Miner that offers 50 Ksol/s at just 620 Watts of power usage, but at three times higher price and currently out is of stock.
Bitmain is currently showing only a rendering of the new device, not an actual photo, but it seems like two slightly longer Z9 Minis stitched together (maybe an extra chip or to per board). We already know that the chips used in the Z9 Mini are overclocking pretty well, so two Z9 Minis can easily reach 30 KSol/s at maybe about 700 Watts and three overclocked units can go for as much as 45 KSol/s with just about a Kilowatt of power usage. Considering this and the fact that the device apparently only has 7 PCI-E power connectors (6 for ASIC boards and 1 for the control board) we can easily assume that Bitmain may have achieved the high power usage with less chips that are already overclocked quite a lot. If they did do just that the price of the new more powerful units may not be justified and you should not be expecting to see a lot of headroom for improving performance like on the Minis.
After a week of stability in the $250 billion region, the crypto market has started to demonstrate solid momentum, potentially eying a breakout to the $300 billion mark, supported by a rally initiated by bitcoin and Bitcoin Cash. On July 16, the price of bitcoin, ether, Ripple, Bitcoin Cash, and EOS increased by 3 to Continued
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Crypto markets are currently on a roll with Bitcoin spiking over 4% in a couple of hours. This may well be tied in to the news that multi-trillion dollar asset manager, BlackRock, is taking an interest in Bitcoin and the crypto industry.
According to a report by Financial News London, citing those familiar with the situation, BlackRock is assembling a team to investigate the crypto industry. The $6.2 trillion investment giant is studying the feasibility of involvement in Bitcoin futures. As the worlds largest exchange traded fund (ETF) provider this news appears to have had an immediate impact on the markets.
The new crypto team will consist of a number of professionals from various departments within the corporation. A spokeswoman for the company did not confirm the accuracy of the report but did say that BlackRock has been looking at blockchain technology for several years.
Following skeptical comments last year when CEO Larry Fink said that cryptocurrencies were largely speculative and highlight money laundering levels, there appears to have been a change of heart. According to Bloomberg a number of high profile billionaires have put money into crypto and blockchain focused hedge funds. The worlds largest asset manager certainly has the power to move markets which appears to be what has happened over the past few hours.
Bitcoin is currently trading at $6,600 after jumping $225 in a couple of hours. It is up 4% on the day and other altcoins have tagged onto the momentum. At the time of writing every coin in the top ten was trading between 4 and 8 percent higher.
Total market capitalization is up to $266 billion which marks a rise of 4.7% on the day and trade volume has climbed from $9 to $14 billion. There has been speculation of a bullish reversal as Bitcoin trade volume has steadily climbed from 36 week lows seen over the weekend. This latest development could be the catalyst to reverse the six month bearish down trend and send cryptocurrencies back upwards for the latter half of 2018.
The post BlackRock Boosts Crypto Markets With New Interest in Bitcoin appeared first on NewsBTC.
When the indictment of Russian intelligence officers for interfering with the US election broke, the recriminations were swift. Not only had the 12 allegedly hacked the Democratic National Committee, but theyd had the temerity to do so using servers paid with cryptocurrency. When politicians and mainstream media began finger pointing, they had only one culprit to blame bitcoin.
Congressman Emanuel Cleaver II wasted no time in castigating the crypto industry for its role in the DNC hack. The fact that Russians had apparently used bitcoin to cover their tracks was of more concern than the numerous other failings that the indictment revealed, like the inability of Democrats to detect basic phishing attempts, or of DNC admins to detect the X-Agent malware that was installed. No, the biggest takeaway from all this was that bitcoin had facilitated one of the gravest nation state-orchestrated crimes in years.
A company has launched an insurance platform which allows blockchain projects to obtain business insurance quotes based on a risk assessment, including legal threats, financial exposure, cyber risk and crime #SPONSORED
ETF giant BlackRock establishes working group to examine Bitcoin futures, Financial News reports
The Financial Stability Board, an organization centered on assessing And making recommendations to the G20 on global financial systems, has introduced a framework for tracking cryptocurrency assets. It especially lists several metrics which the FSB will utilize to keep your eye on the developing crypto markets and should help to identify and mitigate risks to consumer and investor protection, market integrity, and possibly to monetary stability. . The standardized framework was printed together with a report on Monday and was submitted to the G20 nations financial ministers and main bank governors. In accordance with the document, the FSBs monitoring efforts will concentrate on crypto assets cost volatility, the size and growth of first coin offerings, cryptos wider use in obligations and institutional exposure, and also the economys volatility when compared to gold, stocks and currencies.
The FSB that is led by Bank of England governor Mark Carney- will even occasionally compile qualitative reports to collect intelligence for market confidence, the report states. The organization further lays out the reasoning behind the framework, saying: Even though the FSB believes that crypto assets dont pose a material risk to global economic equilibrium currently recognizes the need for vigilant monitoring in the light of the pace of market development. . The report also suggested that, apart from the FSB, other international regulatory organizations also are stepping up their efforts in tracking specific regions of the cryptocurrency market.
For example, International Organization of Securities Commissions, an international regulatory body made of securities watchdogs, is developing its own framework in an effort to assist member nations better examine the impacts of national and overseas ICOs on investors. In the mean time, the Basel Committee on Banking Supervision is collecting data on its member banks direct and indirect exposure to cryptocurrency in an effort to quantify the possible impact of the technology. The FSB report comes as the consequence of a G20 meeting in March of this year. As mentioned previously by CoinDesk, member nations agreed at that time that recommendations have been required over what information must be utilized to monitor the crypto distance and place July as a deadline. Mark Carney picture courtesy to the FSB. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
There has to be broad-based value to society if blockchain technology and the market it supports are to survive and prosper, argues Michael J. Casey.
SIX, the operator and owner of Switzerlands primary stock exchange, isnt opposed to offering cryptocurrency trading on its new SIX Digital Exchange. As reported by CCN earlier this month, Swiss Exchange Operator SIX announced plans to launch a fully compliant crypto assets exchange by mid-2019, dubbing it the Six Digital Exchange (SDX). The platform, which Continued
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Hong Kongs de facto central bank hopes blockchain tech will improve trade finance cost-effectiveness, speed and security
The global Financial Stability Board has published its expected framework for monitoring risk in the cryptocurrency markets.
The Reserve Bank of India (RBI), which admitted last month that it clamped down on cryptocurrencies without much discussion, has expanded on its objections, as a government panel considers a draft of regulations. The central bank instructed banks in April to close cryptocurrency accounts in the first week of July. The concerns include the currencies Continued
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South African financial company Purple Group has confirmed the addition of two cryptocurrencies, bitcoin and ethereum, to its online trading platform. According to a representative, the decision came in response to strong demand from clients earlier this year. The move has expanded the trading options for South Africans, many of whom, according to a recent study, still believe a lot of money can be made from crypto investments.
Purple Group, a South African financial services provider listed on the JSE, has added cryptocurrencies to its online trading platform, GT247.com, allowing its users to buy bitcoin (BTC) and ethereum (ETH), local media reported. The decision came in response to strong demand from its customers. Barry Dumas, trading specialist at the group, emphasized that GT247.com allows clients to trade directly in South African rand. Your rands arent converted into dollars like some offerings out there, which can expose you to exchange risks, he told Business Day.
Purple Groups representative also noted that despite the decline in cryptocurrency trading volumes over the past months, the platform has seen serious interest mostly from retail clients since the launch of the service earlier this year. We are seeing a lot more engagement from internatio...
Local media recently reported that Bithumb, one of South Koreas most prominent exchanges, has announced plans to make a move on the Japanese and Thai markets.
In an exclusive with ZDNet Korea, Bithumb has announced that it plans to open operations in Japan and Thailand after receiving the required regulatory approval from local governments.
The exchange is currently working with the Japanese Financial Services Agency (FSA) and the Thai Securities and Exchange Commission to secure permission to operate in these markets. Bithumb has already established branches in the two countries, with Bithumb Thai currently holding 3 million Thai Baht (~$90,000 U.S. Dollars) to its name.
The Korean exchange gave ZDNet some reasoning for the move to Thailand, stating:
Thailand is active in e-commerce and pin-tec industry, and the government is showing great interest in digital currency as it promotes smart city business.
It is expected that Bithumb will open Thai operations prior to Japanese operations, with trading commencing as soon as the end of October.
Following the hack of CoinCheck in January, Japans FSA deemed that it was necessary to tighten the freedom which exchanges held, imposing stricter rules and regulatory advisories. Some of the notable new rules include a comprehensive crackdown on privacy-centric cryptocurrencies and a mandatory cold storage requirement, as the regulatory body referenced the CoinCheck debacle.
Despite harsh regulation, Bithumb is still moving forward with the Japan subsidiary, proposing to open an exchange in Japan come February 2019. The exchange will not be any ordinary platform, with the local news source noting that Bithumb plans to set up an exchange that supports the largest number of coins (cryptocurrencies) in Japan.
NewsBTC recently reported that Bithumb had fell victim to a security breach, losing millions of dollars worth of cryptocurrencies in an attack on Bithumb-owned hot wallets. Despite being met with outrage from the community, as cryptocurrency values took a three percent stumble, the exchange took the hack in stride, quickly amending the issue.
After the attack, the Korean platform divulged plans to reimburse customers affected by the hack, also claiming to have recuperated half of the funds lost in the hack, with the re...
Bitcoins corrective rally has shrunk around $6,400 on Monday
amid low trading volumes.
The leading cryptocurrency remained bid on the weekend as expected, courtesy of Thursdays strong reversal from the lows. Nevertheless, thus far, the break above $6,400 has remained elusive, probably due to anemic trading volumes.
Bitcoins total trading volume across all cryptocurrency exchanges fell to $2.92 billion on Saturday, the lowest amount since Nov 7, according to CoinMarketCap.
The drop from the trading volume probably indicates the bargain hunters arent particularly impressed by BTCs reversal from the low of $6,080 (hit on Thursday) and also puts a question mark on the BTCs capability to hold over the important support of $6,000 (psychological support).
At press time, the leading cryptocurrency is trading largely unchanged on the day around $6,360 on Bitfinex. In the mean time, the 24-hour trading volume has improved slightly to $3.5 billion, according to CoinMarketCap.
The preceding chart shows the Bollinger Bands (standard
deviation of +2,-2 on 20-day moving average) are flatlined, meaning
BTC lacks a definite bias.
A close (as per UTC) over the 20-day MA, currently situated at $6,400 would open the doors for completion of the inverse head-and-shoulders target, i.e. BTC could muster to $6,838 (inverse head-and-shoulders neckline immunity ). Nevertheless, BTC will probably have a tough time holding on to profits above 20-day MA if the trading volume stays feeble.
Interestingly, the upper Bollinger Band can be situated at $6,838, so the level will probably function as a stiff opposition in the near-term.
The relative strength index (RSI) is biased toward the bulls, so
theres scope to get a move above 20-day MA. And on the other
hand, a break below $6,240 (rising trendline support) would
complicate the matters.
Low trading volumes are complicating bitcoin price
A close (as per UTC) over the 20-day MA of $6,400 will make it possible for a rally to $6,838 (inverse head-and-shoulders neckline + top Bollinger Band).
On the downside, a break below $6,000 (Feb reduced ) would shift risk in favor of a drop to $5,755 (June 24 reduced ).
Disclosure: The author holds no cryptocurrency assets
throughout the time of writing.
Bitcoin logo cryptocurrency via Shutterstock
The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
A prominent securities markets body in Thailand is preparing a blockchain-based token that will power instant clearing and settlements of corporate bonds. After researching blockchain technology for a bond registrar services platform, the Thai Bond Market Association (TBMA) has revealed its intention to create a Bond Coin, a custom token on a private blockchain between
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Monday morning in crypto land is developing into a green one for a change as markets rebound from weekend losses. Total market capitalization has crept back over $250 billion and signals are turning bullish.
Bitcoin is up just two percent to $6,470, breaking a key resistance level at $6,450. There are positive signals for BTC as it approaches the next level of support. Ethereum has done better with a gain of 4.7% to trade at $460 at the time of writing.
Most of the altcoins are generally in the green with the five pumped by Coinbase showing solid gains. According to Coinmarketcap todays winner in the top 25 is 0x which is trading 10.5% higher. Zero-x is currently trading at $1.16, up from just over a dollar this time yesterday. On the week ZRX has climbed 16.5% from $0.97 this time last Monday, it fell to a weekly low of $0.75 on July 13 before the Coinbase announcement. Over the past month 0z has made 33% gains from $0.85 this time last month. Against BTC it is up 8% on the day to 17750 satoshis and 24% on the week from 14400 satoshis this time last week.
Decentralized exchange protocol 0x has benefitted most from the premise of a Coinbase listing. Binance is taking the majority of the trade volume at the moment with over 50%. That volume has jumped from $23 million to $45 million on the day resulting in a market cap increase to $600 million and a move up the charts to 23rd spot for ZRX.
Other altcoins performing well this morning include Binance Coin up 6%, Tezos climbing 7.8%, and Digibyte with a 18% pump. TenX is also flying at the moment with a 36% spike. VeChain is still having a nightmare losing another 6% in the last 24 hours.
Total crypto market capitalization is up 3.4% to just over $260 billion and trade volume has risen from $9 to $12 billion. A small recovery is on the way but it remains to be seen if it can be sustained throughout the week.
More on 0x can be found here: https://0xproject.com/
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Changelly, a prominent instant exchange, has announced its partnership with Ledger, one of the leading security and infrastructure providers in the crypto industry, to bring a new user experience.
New Ledger App and Changelly
Ledger has released Ledger Live, a multi-asset complimentary wallet application that allows storing and managing cryptocurrencies in one place. Ledger Live is used for all models of Ledgers hardware wallets, including the bestseller Ledger Nano S.
The app offers the list of exchanges where users can buy or sell the cryptocurrencies. Changelly is one of the first exchanges listed on Ledger that provides users with that option as a link that redirects to the Changelly website. Being integrated into Ledger Live, Changelly will enable Ledger users to switch their cryptocurrencies in an easy manner within the Ledger Live app.
This is the only tool available on Ledger Live, so far. However, the service has ongoing negotiations about providing new exchange options for Ledger users, so more details of the collaboration are coming soon.
Benefits of partnership
For Changelly, having such a popular and secure partner as Ledger will help build strong relationship with users, and provide the users of the wallet with seamless exchange options. For Ledger, in turn, Changelly can h...
Bitcoin is solidly bid at six-week highs and could soon witness a short-term bearish-to-bullish trend change.
The cryptocurrency markets appear to be in recovery mode on Monday after a rather torrid week where most coins reached 2018 lows. Chief of the pack was EOS which sees an 8% rise to trade at well over the $7.30 level after having dropped as low as $6.50 last week. However, the increases were not Continued
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Bitcoin price is gaining bullish momentum above $6,300 against the US Dollar. BTC/USD may perhaps test the next major barrier near $6,450 in the near term.
Bitcoin price settled above the $6,200 support area to start an upward wave against the US Dollar. The BTC/USD pair slowly and steadily moved higher and broke a key resistance area near $6,300. The upside move was such that the price moved into a bullish zone above $6,200 and the 100 hourly simple moving average. It opened the doors for more gains and the price traded above the 23.6% Fib retracement level of the last decline from the $6,800 high to $6,081 low.
More importantly, there was a break above two important bearish trend lines near $6,310 and $6,350 on the hourly chart of the BTC/USD pair. The pair is now trading above the $6,350 level and it looks set for more gains. The next crucial resistance awaits near the $6,450 level. It also represents the 50% Fib retracement level of the last decline from the $6,800 high to $6,081 low. Should, bitcoin buyers succeed in clearing the $6,450 resistance, there could be a sharp upward move towards the $6,700 level.
Looking at the chart, there are many positive signs emerging above $6,300. If the recent bullish break is valid, the price is likely to climb further towards $6,450 and $6,550 in the near term.
Looking at the technical indicators:
Hourly MACD The MACD for BTC/USD is showing positive signs in the bullish zone.
Hourly RSI (Relative Strength Index) The RSI is placed well above the 50 level with an upward angle.
Major Support Level $6,240
Major Resistance Level $6,450
The post Bitcoin Pric...
In todays edition of Bitcoin in Brief we cover a new mobile app from Poloniex, the addition of USD fiat at Cobinhood exchange and the expansion plans of Bitmain in Israel. We also report about a triad boss who claims to have raised $750 million in a recent ICO.
Circle Internet Financial Ltd., the Goldman Sachs-backed Boston-headquartered company that acquired Poloniex earlier this year, has announced the launch of an official app for the exchange. The team behind the venue wrote on their blog: In our effort to deliver the best possible experience across all platforms, weve acquired the best-in-class Poloniex app for iOS and Android! This app will now be the only officially supported Poloniex app in the App Store and Play Store. They added that : We have big plans for this app next up is better mobile verification!
A self regulatory organization in Thailand is currently planning a custom token aimed to accelerate corporate bond settlement from the nation. The Thailand Bond Market Association said its received the green light out of Thailands Securities and Exchange Commission to develop a private blockchain that is going to be only available for the parts of the bond market, like enrolled issuers, investors, and depository organizations. Based on a news report by Bangkok Post on Monday, the TBMA stated the development process is going to be divided into three phases and will begin next month. The TBMA further explained itll first produce a blockchain based platform for sharing and listing bond info like rates of interest in a dispersed fashion.
Throughout the second stage, the platform will add new features to allow bond deposits, which can be projected to take 9 months for completion, the report stated. The TBMA signaled itll ultimately develop a bond coin at the top of the blockchain platform in the subsequent twelve month to tokenize the assets so that they may get rid and settled. Chaitat Prachuabdee, executive VP of the TBMA stated the new infrastructure is likely to improve the transparency of corporate bonds info and could possibly shorten the transaction time from currently 7 10 days to only 1 3 days.
The campaign follows preceding news that reported Thailands national stock exchange also built a blockchain platform to expand the access to capital funds for domestic startups in an attempt to boost the efficacy of Thailands equity market. However Thailand isnt the first country thats seeking to blockchain for settling securities. As previously reported by CoinDesk, Switzerlands primary stock exchange also released its plan for developing a digital asset exchange so as to tokenize and innovate traditional securities. Market indicator picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Describing itself as the "Uber of escorting," PinkDate is one of several sex industry startups launching a cryptocurrency-fueled booking app.
Cardano price is placed in a bullish zone against the US Dollar and Bitcoin. ADA/USD is likely to accelerate above the $0.1450 and $0.1500 resistances in the near term.
There was a decent support base formed above the $0.1250 level in cardano price against the US Dollar. The ADA/USD pair started a nice upside move and broke the $0.1300 and $0.1330 resistance levels. The upside move was strong as the price settled above the $0.1320 pivot level and the 100 hourly simple moving average. An intermediate low was formed at $0.1329 before the price climbed above the $0.1400 resistance.
During the upside, there was a break above a key contracting triangle with resistance near $0.1390 on the hourly chart of the ADA/USD pair. The pair traded as high as $0.1457 before correcting lower. It tested the 38.2% Fib retracement level of the last wave from the $0.1329 low to $0.1457 high. The pair remains supported on the downside near the $0.1400 level. Moreover, the 50% Fib retracement level of the last wave from the $0.1329 low to $0.1457 high at $0.1393 is also a strong support.
The chart indicates that the price is very likely to climb above the $0.1450 resistance in the near term. The next hurdle for buyers awaits near $0.1500, which could prevent gains. Overall, the current price action suggests more gains in ADA as long as the price is above $0.1400.
Hourly MACD The MACD for ADA/USD is about to move back in the bullish zone.
Hourly RSI The RSI for ADA/USD is moving higher and is positioned above the 50 level.
Major Support Level $0.1400
Major Resistance Level $0.1450
The post Cardano Price Analysis: ADA/USD B...
It could give the cryptocurrency the legitimacy it has been lacking in the eyes of traditional investors.
Bitcoin is up $250 per coin since the news broke. Blackrock is the worlds biggest asset management firm, and if the firm would get into bitcoin it would give the cryptocurrency the legitimacy it has been lacking in the eyes of traditional investorsmeaning the currency could skyrocket.
The Fourth Chamber of the Court of Appeals of Santiago has recently ruled that state-owned Banco Estado has to re-open the account of bitcoin exchange Orionx, after it seemingly illegally shut it down. As CCN covered, earlier this year Chilean banks Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco Estado shut down the accounts
The post Chilean Court Orders State-Owned Bank to Re-Open Bitcoin Exchange Orionxs Account appeared first on CCN
Ripple price jumped sharply against the US Dollar and Bitcoin. XRP/USD must clear the $0.4500 resistance to accelerate gains towards the $0.5000 level.
Recently, there was a sharp downside move below $0.4400 in Ripple price against the US Dollar. The XRP/USD pair traded below the $0.4200 support level, but it found support near $0.4150. A low was formed at $0.4142 and later the price started an upward move. The price gained traction and traded above the $0.4200 and $0.4400 resistance levels to move into a positive zone.
More importantly, there was a break above a key bearish trend line with resistance at $0.4400 on the hourly chart of the XRP/USD pair. The pair also settled above $0.4400 and the 100 hourly simple moving average. However, the upside move was capped by a crucial resistance near the $0.4500 level. At the moment, the price is correcting lower towards $0.4400. An initial support is near the 23.6% Fib retracement level of the last wave from the $0.4142 low to $0.4490 high. However, the most important support is near $0.4400 and the 100 hourly simple moving average.
Looking at the chart, the price has moved into a positive zone, but it has to move past $0.4500 to gain further. A push above $0.4500 could open the doors for more upsides towards the $0.5000 level. On the flip side, a break below $0.4400 may perhaps push the price towards the $0.4320 support.
Looking at the technical indicators:
Hourly MACD The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently above the 50 level.
Major Support Level $0.4400
Major Resistance Level $0.4500
A self-regulatory organization in Thailand is planning to create a custom token aimed to speed up corporate bond settlement in the country.
A lot of people understand the idea of investing in cryptocurrency, but what about trading? The two require different ways of thinking. For investing, it boils down to how well the technology will hold in the future. So if youre looking to save up for your retirement fund, or want profit much further in the
Ethereum price is moving in a positive zone against the US Dollar and Bitcoin. ETH/USD remains in a bullish zone as long as it is above the $435 level.
There was a decent upside move from the $429 swing low in ETH price against the US Dollar. The ETH/USD pair traded higher and broke the $435 and $440 resistance levels to move into a bullish zone. The upside move was such that the price tested an important resistance area near $455. A high was formed at $454.82 before the price started a downside correction.
It traded below the 23.6% Fib retracement level of the last wave from the $429 low to $454 high. However, there are many supports on the downside near the $438 level. An initial support is near $442, which is the 50% Fib retracement level of the last wave from the $429 low to $454 high. Below this, the $440 support may provide support along with the 100 hourly simple moving average. More importantly, there is a major bullish trend line formed with support at $438 on the hourly chart of ETH/USD. Therefore, it seems like there are many supports on the downside near the $438-442 zone.
Looking at the chart, the price may perhaps correct a few more points, but it is likely to find support near $438. On the upside, a break above the $455 resistance is must for more gains. Above this, the price could accelerate towards the $475 level.
Hourly MACD The MACD has moved back in the bearish zone.
Hourly RSI The RSI is moving lower towards the 50 level.
Major Support Level $438
Major Resistance Level $454
NEO Price Key Highlights
NEO price could gain more traction on its bullish breakout if the pullback to the area of interest spurs a bounce.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, theres still a strong chance for the selloff to continue at this point.
However, NEO has moved past the 100 SMA dynamic inflection point to show a bit of bullish pressure. Price has yet to break past the 200 SMA dynamic inflection point to indicate stronger bullish momentum.
RSI is on the move down, though, so theres some selling pressure left. However, the oscillator also seems to be pulling up to indicate a potential return in bullish pressure.
Stochastic is also heading south to signal that sellers have the upper hand, but the oscillator is closing in on the oversold region to signal exhaustion. Turning back up could bring buyers back in and spur a bounce.
Cryptocurrencies pulled back from their earlier rallies on negative commentary and an exchange hack last week. However, the rebound is still in play and theres a good chance that buyers might keep defending near-term support zones.
For one, the industry developments have carried on despite regulatory checks related to AML and KYC requirements. A handful of altcoins have created their own independent blockchains while more companies continue to strike partnerships with crypto companies to tap into applications.
However, dollar demand and risk sentiment has also influenced NEO price action to some extent as trade-related headlines weighed on appetite for riskier assets.
The post NEO Price Watch: Small Correction from Bullish Breakout appeared first on NewsBTC.
The Russian Association of Cryptocurrencies and Blockchain has created a registry of whitelisted companies that offer crypto-related products or services. Meanwhile, the bill to regulate cryptocurrencies in Russia has been delayed.
The Russian Association of Cryptocurrencies and Blockchain (RACIB) has created a whitelist of crypto companies. The list includes firms in the field of crypto mining, investment, marketing, legal, training, and initial coin offerings (ICOs).
American Express is on the hunt for much better ways of demonstrating when transactions occur and a brand new patent filing suggests the financial services giant might be looking at blockchain as part of a possible solution. In a patent application released by the U.S. Patent and Trademark Office a week ago, American Express Travel Related Services describes utilizing a blockchain based system so as to obtain confirmation of payment, including transaction level and a retailer identifier. . The concept is aimed at adding to what AmEx calls the restricted number of choices for generating quality proof that obligations happen between retailers and their clients beyond a receipt or ticket.
AmExs patent highlights the technologys role in retaining transaction information, contract info, proof-of payment information, identification information, and/or other info as desired, with the idea being that the chain network perhaps a public one would serve as an excess level of evidence for transactions that take place on AmExs network. Consequently, the potential applications of this system are rather diverse, the company contends. American Express claims that data may be utilized to unlock a resort, leasing or shared economics property door utilizing the card to look up evidence of payment on a blockchain.
Furthermore, the system might be leveraged to present ticketless access to places to your client, and so forth. Whilst the decision on whether this blockchain system is going to be hosted on a personal, public or consortium network is up for grabs, the application does highlight how public networks might leverage the aggregate processing power of the network to improve safety. . This patent application by American Express will be the most recent in a series that were launched as early as October of last year when the same branch of the firm filed for another patent linked to customer benefits.
Fast forward to today and the firm has really begun initial trials with a custom Membership Rewards program for cardholders, leveraging Hyperledgers blockchain technology, which it partnered with last January. Payment terminal picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin cash price made a nice upside move above $700 against the US Dollar. BCH/USD could continue to move high as long as it is above $700.
During the past two sessions, there were decent moves in bitcoin cash price above $650 against the US Dollar. The BCH/USD pair traded above the $700 barrier to move into a positive zone. More importantly, there was a break above the $710 resistance to set the pace for more gains. The price traded as high as $731 before it started a downside correction. It seems to be heading towards the 23.6% Fib retracement level of the last wave from the $662 low to $731 high at $715.
Below the mentioned Fib level, there is a key bullish trend line formed with support near $712 on the hourly chart of the BCH/USD pair. The trend line support holds a lot of importance since it is above the $710 pivot and support area. The next major support is close to the $700 handle and the 100 hourly simple moving average. It coincides with the 50% Fib retracement level of the last wave from the $662 low to $731 high.
Looking at the chart, the price remains in a positive zone as long as it is above the $700 zone. On the upside, resistances are seen near $730 and $740.
Looking at the technical indicators:
Hourly MACD The MACD for BCH/USD is slowly moving back in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for BCH/USD is declining towards the 50 level.
Major Support Level $710
Major Resistance Level $730
The post Bitcoin Cash Price Analysis: Can BCH/USD Hold Gains? appeared first on NewsBTC.
Highly-respected bitcoin developer Pieter Wuille unveiled a draft document outlining the technical makeup of bitcoin's likely next major upgrade.
Bitcoin Price Key Highlights
Bitcoin price is staying above the $6,300 area of interest to signal that bulls are putting up a good fight.
Technical Indicators Signals
The 100 SMA is starting to cross above the longer-term 200 SMA to suggest that bearish momentum is over and that the path of least resistance is to the upside. This means that the reversal could gain more traction from here, especially once the crossover is completed.
In that case, support at the ascending channel could keep holding as this lines up with an area of interest or former support and resistance level. Price could find its way back to the channel top at $7,200, which would also be above the neckline of a reversal pattern.
Bitcoin price continues to attempt to complete the inverse head and shoulders formation on this 4-hour time frame, and this is considered a potent reversal signal. The pattern would span $5,800 to $6,800 or $1,000 in height, so the resulting uptrend could be of at least the same size.
However, RSI is already closing in on the overbought zone and is showing intention to head back down. This could mean that sellers are eager to push bitcoin price south again. Similarly stochastic is starting to turn upon reaching overbought territory so bitcoin could follow suit.
Bitcoin price was off to a rallying start in July but most of these gains were returned last week on negative commentary and another exchange hack. US authorities also indicted twelve Russian officials for using cryptocurrency in interfering with the 2016 elections.
This time, the focus could remain on related headlines that could determine whether the bullish run could resume or if another set of downbeat updates could force a continuation of the earlier slide.
A chain is only as strong as its weakest link, and in a blockchain that link lies in the form of its founders. Getting nodes to achieve consensus is easy compared to the difficulty of getting humans to achieve consensus. The greatest challenge that new blockchains must solve isnt speed or scaling its governance.
There wasnt much thought given to on-chain governance when bitcoin was created; Satoshi was too busy reinventing the wheel on several other fronts. But the arrival of bitcoin spawned a wave of blockchains, and with it, the first faltering attempts at introducing a means of reaching consensus between network users, over and above that attained by validating nodes.
Dash first popularized the concept of blockchain governance, which is achieved through the use of masternodes, whose operators can vote on budget proposals. Its system provides a simple means of reaching agreement among community members who are most heavily invested in the project. Scores of subsequent crypto projects, including many that dont use masternodes, have since copied Dashs governance model. Often, theyll tack voting rights onto their token as a means of shoring up its weak use case, but not all projects are as slapdash or...
Credit card giant American Express may be looking into developing a new proof-of-payment (PoP) system based on blockchain technology.
One of South Koreas largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchanges global expansion plan.
Bithumb is currently working on obtaining regulatory approval from the Thai Securities and Exchange Commission (SEC), local media reported Friday. The exchange is the second largest in South Korea at the time of this writing, with a 24-hour trading volume of about $358 million, behind only the Kakao-backed Upbit with a $582 million trading volume during the same time period.
The exchange has already established a Thai subsidiary, Bithumb (Thailand) Company Limited, with registered capital of 3 millio...
LocalBitcoins trader Theresa Lynn Tetley, better known as the Bitcoin Maven, has been sentenced to 12 months and a day in prison, a $20,000 fine, and three years supervision after release for laundering bitcoin as proceeds of narcotics sales and for her role in running an illegal bitcoin-for-cash exchange, according to the U.S. Attorneys Office for
The post LocalBitcoins Trader Bitcoin Maven Sentenced to Prison for Money Laundering appeared first on CCN
Like most coins, there is some upward pressure for Bitcoin and what a time to capitalize on. In the past week or so, we have seen the influence of $6,000 our main support line and 2018 lows. Because of these developments, odds of further gains are high and this opens the door for Bitcoin buyers to search for loading opportunities in lower time frames.
By design, cryptocurrencies are meant to exist on their own without government interventions. To make this a reality, these coins exist digitally in an often regulated environment. Aside the regurgitation of stale crypto news by mainstream media, we have seen how useful they are for struggling economies hit by hyperinflation. Bitcoin for example is in use in Zimbabwe and in Bolivia where their government issued paper monies are worthless.
These encouraging cases give a glimpse of the future where the value of any currency is determined by the community and not by a government entity working in cohorts with rogue politicians. Talking of rules and regulation and the Chilean Court of Appeal has ordered the countrys state bank Banco Estado to reopen the deposit account of OrionX. OrionX is one of Chiles cryptocurrency exchanges.
#Bitcoin may not be a financial asset or instrument, but its chart sure moves like one. Clear patterns that any chartist will recognise, esp. with a logarithmic Y-axis (linear scale, chart 2, less relevant for such big moves). In fact, recent rise less steep than in Q1 13, Q4 13 pic.twitter.com/tvTOyAGpso
Geert De Clercq (@gvdeclercq) January 4, 2018
Its along this value proposition that ADVFN CEO thinks Bitcoin is on the path of hitting $20,000 and later $2 million. According to their bright analysis, Clem Chambers of ADVFN noticed that prices of Bitcoin often expand at 26 percent per time period and this effectively makes Bitcoin a logarithmic asset that moves non-linearly. So, in his projection, within 1...
There is a crypto recovery that comes even in the face of allegations. We have seen how Tone Vays is tearing down Litecoin-TokenPay partnership while Justo is laying down his claims that EOS is actually undercutting Ethereum. Either way, both coins are in the green and setting the pace for further gains in IOTA, Stellar Lumens and Tron-which has their TVM launch in a forth night.
Lets have a look at these charts:
So according to a dApp developer, Justo, Ethereum has been systematically spamming the Ethereum network causing the prices of Gas to hit the roof. In a well researched post that is now doing rounds in Reddit, Justo said there is no coincidence between the current high through put in EOS and the clog that is taking place in Ethereum.
It's now clear EOS is behind Sybil attack on Ethereum that's why the gas price is almost 100 Gwei https://t.co/sHCAi2U7Ya
Ethereum 24/7 (@Ethereum247) July 15, 2018
It seems like the heightened activity in Ethereum is well orchestrated by EOS through proxy accounts. In his findings he found out that these accounts often distribute useless, non-functional tokens in their billions coinciding with times when there is a technical hitch at EOS. While these attacks are on and off, EOS- he alleges spend upwards of $2 million a day to execute such kind of attacks.
Despite these claims-which Dan refutes, EOS closed the week on a high. At current prices, it is up...
This interview was originally done for the Bitcoin Podcast by CCN. Check out the original interview and let us know what you think! This week, I spoke with Bridge CEO Stephen Hyduchak. I first learned about Bridge earlier this year while attending Cryptolina and have been intrigued by the concept of applying zero-knowledge proofs to
The post Exclusive: Podcast Interview with Bridge Protocol CEO Stephen Hyduchak appeared first on CCN
The anniversary of the blockchain split that took place on August 1, 2017 is just two weeks away. Over the past few months Bitcoin Cash (BCH) infrastructure support and development has been exponential, while BCH proponents have also seen a bunch more announcements during the second week of July.
A lot has changed since August 1, 2017, and in two weeks the Bitcoin Cash community will be celebrating the blockchain split. As of today, the BCH chain has seen over 60,000 blocks mined since the first hard fork, and since then the network has seen two more upgrades. The first upgrade changed the decentralized currencys Difficulty Adjustment Algorithm (DAA), and the second fork upgraded the block size from 8 MB to 32 MB. Further, the BCH developers re-enabled a few Satoshi OP_Codes and increased the data carrier size which added a bunch of new features to the protocol.
Financial services might be something you take for granted. Depositing, borrowing and withdrawing capital is as easy as going to your local bank branch, but there are billions of individuals worldwide with no access to something as simple as a bank account.
CNNs Philippines branch recently reported that a survey conducted by Philippines central bank (Bangko Sentral ng Pilipinas) has found that approximately 77% of Filipino adults do not own a bank account.
2017s Financial Inclusion Survey (FIS) found that 15.8 million adult Filipinos have bank accounts, while 52.8 million are unbanked, resulting in 22.6% and 77.4% figures respectively. Whereas western countries such as Canada, the U.K., and Sweden have over 98% of their eligible population banked, a far cry from the figures seen in the Philippines.
Despite organizations like the U.N. claiming to be working on the issue, for the Philippines, the issue is still as prevalent as ever. According to CNN, the 77% unbanked statistic has barely changed in the past two years, only seeing marginal increases in comparison to the first FIS report released by Bangko Sentral ng Pilipinas (BSP).
These breathtaking numbers may lead some to ask, why are there still so many individuals unbanked?
The Filipinos partaking in the survey brought attention to six reasons why obtaining a bank account was not a feasible task. Firstly, 60% claimed to not have enough capital to fund a bank account, while 21% cited no reason, maybe indicating a lack of interest towards banking. Another 18% said that they did not hold the required documents to see eye to eye with banks. The other three reasons included the high costs associated with banking services, a lack of knowledge about banking and finally, a lack of awareness.
In many developing nations, more people have access to the internet through mobile devices than people with bank accounts. This is the primary reason why many cryptocurrency proponents, experts, and entrepreneurs have brought attention to the role cryptocurrencies can play in an unbanked-majority region.
Using cryptocurrencies can be as easy as downloading an app...
The post 4,500-Year-Old Board Game Go Gets Blockchain Revamp appeared first on CCN
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