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Wednesday, 20 June

01:10

156 THS Canaan Moose Bitcoin ASIC Miner Based on Avalon 841 Crypto Mining Blog

Canaans Avalon ASIC miners do not seem to be getting much attention unlike Bitmains for example, but that doesnt mean they do not have something new and interesting to show from time to time. Their latest creation Canaan Moose is an integrated Bitcoin ASIC miner solution that offers 156 THS SHA256 hashrate for BTC mining in a single package that is ready to be plugged in and start mining. The miner is based on twelve Avalon 841 that consume a total of 15480 Watts of power and the miner needs three phase power in the from of two IEC 60309 16A power connectors.

Canaan Moose Specifications:
Hashrate: 156TH/s, -5% ~ +10% : Average 163.2
Power Consumption: 15480W, +0% ~ +20% @ 13TH/s, 25C, 93% PSU Efficiency, 12V AC, Wall-Plug
Power Efficiency: 0.099J / GigaHash Wall-Plug
Power Connectors: IEC 60309 16A x 2
Rated Input Voltage: 365 ~ 418V
Frequency: Smart Speed
Network Connection: RJ45 Network Connector
Operating Temperature: -5 ~ 30
Air-intake Temperature: -5 ~ 30
Dimensions: 890 x 450 x 725 cm
Net weight: 140kg

The 156 THS Canaan Moose ASIC miner is priced at $9900 USD and comes with everything ready to be used, you just need to plug power and internet and set your mining pool and worker. No need to setup things using 12 separate ASIC miners, everything is ready to go with power supplies, network connectivity and miner control. It even seems to come cheaper than purchasing 12 separate miners, 12 power supplies and a miner controller, so it might be of interest to some larger scale miners as a ready to deploy solution it is even stackable.

Fore more details about the 156 THS Canaan Moose Bitcoin ASIC Miner

01:10

Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies Bitcoin News

Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies

South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions.

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

Service Could Resume Around July 15

Hacked Korean Crypto Exchange Unveils Plan to Restart Service Amid ControversiesSouth Koreas seventh largest crypto exchange, Coinrail, reported that it was hacked on June 10. The damage is estimated to be around 45 billion won (~US$41 million).

...

00:56

Genesis Mining is Back With Bitcoin Cloud Mining Offers Crypto Mining Blog

One of the worlds largest crypto cloud mining provider is offering Bitcoin cloud mining contracts again after a few months without the option to buy BTC cloud mining contracts. The new contracts do not seem to be that attractive price wise, even though they are for 5 years duration and will not get cancelled even if they become unable to pay for the maintanance fees for the duration of the contract. The most interesting thing here according to the company is the reduction of the maintenance fee to as low as $0.14 USD per THS per day for all new mining capacities as well as the ability to also mine natively Bitcoin Cash (BCH) with any purchased hashrate. You can easily check if this is a good deal or not for you if you run the numbers in a mining calculator. Unfortunately at the moment no other type of cloud mining hashrate is being offered such as DASH, Ethereum, Litecoin, Monero or Zcash. Do note however that current cloud mining offers are temporarily not available for US customers due.

If you are interested in checking out the current Bitcoin cloud mining offers of Genesis Mining

00:33

Tron Price Pumps Following BitTorrent Acquisition News CCN

The Tron price surged more than 17 percent on Tuesday amid reports that founder Justin Sun is now in the final stages of closing a deal to acquire peer-to-peer protocol developer BitTorrent. Tron Founder Justin Sun to Acquire BitTorrent for $140 Million Rumors about the acquisition had circulated for weeks, but several disputes including Continued

The post Tron Price Pumps Following BitTorrent Acquisition appeared first on CCN

00:30

Is Bitcoins New All-Time-High Hashrate a Green Light for Bulls NewsBTC

Bitcoin tweeted out to its 58 thousand plus followers that their hashrate has it another all-time high, experiencing a 15% increase in the last two weeks.

Bitcoin Hashrate Constantly Climbing

This recent jump and constant rise in hashrate over the past few months shows a consistent level of interest in mining the digital token, despite remaining below the important $8,000 price mark. The upside of this continuous increase in mining is that it results in increased competition between miners creating an ever-improving security of the overall network.

The hashrate, in reference to cryptocurrency mining, reflects the number of tries a unit can make when attempting to solve one of Bitcoins computational puzzles. The mining units and large amount of electricity it takes to run and cool them add up to a substantial cost. As most miners work on a cost to mining break-even ratio the fact that the hash rate continues to increase, despite the decline in Bitcoins price for some analysts predicts the start of another bull session.

Naeem Aslam writing for Forbes commented on a similar situation in May;

From the data presented we can draw the conclusion that the overall outlook on Bitcoin is bullish, at least in the eyes of the miners. After all, miners would not want to allocate their resources mining a digital asset they believe to be worthless. Miners are in the business to make money and perhaps the downturn in this market will allow them to accumulate more bitcoin at lower prices in preparation for the next Bull Run.

Are New Bitmain Miners on their Way

The tweet from Bitcoin had some posters bringing up the controversial subject of a new...

00:16

Crypto Trading Without License Is Illegal, Cambodian Regulators Say

Authorities in Cambodia announced that domestic investors are now required to get a license in the order to buy, sells or trade cryptocurrencies activities that could be otherwise regarded as illegal. In a joint statement signed on May 11 and published on Tuesday, the National Bank of Cambodia, The Securities and Exchange Commission of Cambodia and the General Commissariat of National Police said that the decision was made after detecting an increase in cryptocurrency trading within the nation. Suggesting that such activities will cause possible risks to the publics And society as a whole, the statement declares: Competent authorities clarify that the propagation, circulation, purchasing, selling, trading and settlement of cryptocurrencies without getting license from competent authorities is illegal activities.

The statement further says that failure to obtain a license for the above activities will be penalized in accordance with applicable laws. The 3 agencies go on to explain that participation in cryptocurrencies can bring investor risk rising From price volatility, cybercrime, and lack of consumer protections, further list several crypto projects including the alleged Ponzi scheme OneCoin as examples. To date it is not clear just what license needs to be applied for, or what will be necessary for successful application, but the requirement is likely to present a significant hurdle for investors. The joint announcement marks a notable widening of a ban issued by the NBC in December 2017 that prohibited domestic financial institutions from providing account services to cryptocurrency investors and traders, based on a previous report from Phnom Penh Post.

Since that time, cryptocurrency related projects like initial coin offerings and crypto trading activities continued to operate in a gray area, as regulators had yet to publish a clear legal framework providing clarity for users of the nascent technology. NBC image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
statement
OneCoin
Phnom Penh Post
NBC
strict set of editorial policies

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Tuesday, 19 June

23:30

Bitcoin-Friendly Square Hits All-Time High Market Cap after Earning Bitlicense News CCN

The market valuation of Square, the multi-billion dollar payments company of Twitter CEO Jack Dorsey, surged three percent overnight after the company obtained the BitLicense from the New York Department of Financial Services (NYDFS) to operate as a cryptocurrency platform. BitLicense is Difficult to Obtain New York is considered to have the strictest policies and Continued

The post Bitcoin-Friendly Square Hits All-Time High Market Cap after Earning Bitlicense appeared first on CCN

23:30

Vietnam Internet Crackdown Damages Plans to Become Blockchain Hub NewsBTC

Vietnam legislators approved a cybersecurity bill on June 12 putting tighter rules on tech companies from the start of 2019. Vietnam has been recognised as a potential hub for blockchain activity but doubts still remain over regulatory uncertainty.

New Cybersecurity Bill Approved

The new bill requires tech companies to hold important personal data locally which means they will need to have a physical presence in the country. It also makes sweeping bans over using the internet in ways that may undermine the state or spread incorrect information.

Lieutenant-general Hoang Phuoc Thuan, director of the ministrys Cybersecurity Department, had spoken to major tech companies including Facebook in the run-up to the bill being passed.

He told VnExpress:

They said that this [law] was appropriate and that they will research to modify their companies strategies accordingly, and added, Providing customers data to security authorities is not a violation of privacy.

The cybersecurity bill was approved by 91% of attending legislators in the National Assembly but had raised concerns by MPs that it would lead to a violation of international commitments. It was also criticized on the basis that it would damage the right to free speech by restricting online content.

Clare Algar, Amnestys director of global operations, said:

With the sweeping powers it grants the government to monitor online activity, this vote means there is now no safe place left in Vietnam for people to speak freely. This law can only work if tech companies cooperate with government demands to hand over private data. These companies must not be party to human rights abuses, and we urge them to use the considerable power they have at their disposal to challenge Viet Nams government on this regressive legislation.

The Asia Internet Coalition (AIC) also said that the new bill is likely to restrict the growth of Vietnams digital economy. They highlighted the additional costs of placing data centers within the country.

Vietnam: Potential Blockchain Hub

NewsBTC has previously reported about how Vietnam can become a hub for blockchain services even though virtual currencies are effectively banned there. Nicole Nguyen, head of corporate marketing at Vietnams Infinity Blockchain Labs, has argued that the high numbers of unbanked c...

23:24

Freedom of Press Foundation Starts Accepting Crypto, Sees $550K Donation on First Day Cointelegraph.com News

After it chose to accept donations in five cryptocurrencies, the FPF received a lump sum of 1000 ETH on the first day

23:10

Freedom of the Press Foundation Now Accepts Five Cryptocurrencies Bitcoin News

Freedom of the Press Foundation Now Accepts Five Cryptocurrencies

On June 18 the non-profit organization the Freedom of the Press Foundation announced people can now donate five different cryptocurrencies to the organization that supports free speech, whistleblowers and the freedom of the press. The foundation details cryptocurrency donations in BCH, LTC, ZEC, ETH, and BTC will help fund the various projects that promote freedom including its whistleblower submission system.

Also Read: Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls

The Freedom of the Press Foundation Now Accepts Five Cryptocurrencies

...

23:00

Crypto Trading Without License Is 'Illegal,' Cambodian Regulators Say CoinDesk

Buying, selling, trading and settlement of cryptocurrencies is now illegal without a license, according to a statement from Cambodian authorities.

22:53

'Poketoshi' Game Brings Nintendo's Pokemon Onto Bitcoin Lightning Network Cointelegraph.com News

A Portuguese software developer has created Poketoshi, a platform that allows users to play Nintendos popular Pokmon game on Bitcoins Lightning Network

22:50

Hollywood jumps on the cryptocurrency bandwagon with new movie thriller involving money laundering and digital currencies "IndyWatch Feed Economics"

Hollywood jumps on the cryptocurrency bandwagon with new movie thriller involving money laundering and digital currencies by Ken Schortgen, Jr, The Daily Economist TDC Note When all else fails roll out propaganda from Hollywood. Paint a picture, literally, that...

The post Hollywood jumps on the cryptocurrency bandwagon with new movie thriller involving money laundering and digital currencies appeared first on The Daily Coin.

22:36

Bitcoin's Volatility at Yearly Low, Signalling Bottom, Says President of Blue Line Futures Cointelegraph.com News

Blue Line Futures president Bill Baruch says that Bitcoins volatility is now at its lowest level in over a year, signalling a likely bottom in the near-term

22:30

Asian Blockchain Investment Accelerates as Crypto Hedge Funds Falter NewsBTC

The Financial Times has reported that profits for cryptocurrency hedge funds have taken a sharp decline, in direct correlation with the negative price action seen with the overall cryptocurrency market.

Cryptocurrency Hedge Funds Down 35% In 2018

Hedge Fund Research, a reputable hedge fund analysis firm, has found that cryptocurrency hedge fund performance is down 35 percent in the first half of 2018 alone according to the FT. Despite posting an average gain of 45 percent in April, these hedge funds still declined in value over the other four months included in the HFR report. HFRs research specifically targeted hedge funds that allocated a majority of its assets towards investing in cryptocurrency and blockchain projects alike.

However, it has become clear that these hedge funds took some action to mitigate risk, with the whole cryptocurrency market dropping by over 70%, but hedge funds only losing 35% on average since the start of the year.

This may have been due to the fact that these hedge funds invest into other classes of assets, which are still linked to the cryptocurrency industry. Some of these investments might have included startups, ICOs, and long-established cryptocurrencies firms that still produce profits in a market downtrend.

Despite 2018s losses, the hedge funds analyzed were still profitable while looking at longer timeframes, with these funds increasing in value by over 2700% in 2017 alone. This staggering gain has been directly tied to the collective market cap of all cryptocurrencies, which rose by over 3000% in the span of 12 months.

Chart courtesy of CoinMarketCap

Seeing immense volatility in this market has sparked fear, and hope, with different groups of investors and speculators.

Henri Arslanian, the go-to representative for cryptocurrency analysis at the popular Asia-based consulting firm, PriceWaterhouseCooper, has said:

I expect the crypto markets to remain volatile for the foreseeable future.

Also adding that he believes that this volatility may be a profitable venture for cryptocurrency funds, contradicting traditional be...

22:22

Former Indian Politician Declared Offender in $1.3 Million Bitcoin Extortion Case News CCN

An absconding former Indian politician and lawmaker has been declared an offender by an Indian court after his involvement in a criminal kidnapping case complete with extortion in bitcoin. According to a report by the Indian Express on Monday, a local sessions court in Ahmedabad, a city in western India, has allowed a request by Continued

The post Former Indian Politician Declared Offender in $1.3 Million Bitcoin Extortion Case appeared first on CCN

22:22

How the Video Card Industry Learned to Love Crypto Mining Cointelegraph.com News

The GPU mining industry is predicted to have another bumper year, it is clear to see that crypto mining has already forever changed video card production and distribution

22:20

Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of Football Bitcoin News

Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of Football

The world loves football (or soccer) and crypto companies wont let the craze expire without tapping into it. Fans can now make predictions and place bets on a blockchain-based platform with a prize fund in cryptocurrency. Unfortunately, not only legitimate businesses, but also scammers have been trying to take advantage of the emotions surrounding the biggest sporting event on the planet. Check the details in todays Bitcoin in Brief and read to the end if you want to know why football is good for Telegram, too.

Also read: Bitcoin in Brief Monday: From New York to Historic Istanbul Market

Predictions and Bets on the Blockchain-Based Cryptocup

Bitcoin in Brief Tuesday: Crypto Bets, Viruses, Messages, All Because of FootballThe F...

22:17

$7k? Bitcoin Price Looks North After Six-Day High

Regardless of the bearish chart installment, bitcoin (BTC) climbed to a six-day high on Monday, putting a corrective rally to $7,000 back on the map.
The leading cryptocurrency unexpectedly picked up a bid around $6,450 in 16:00 UTC yesterday and climbed to $6,850 the highest level since June 12, according to Bitfinex data.
The $400 rally can have trapped a few bears on the wrong side of the marketplace, given the pennant breakdown on the 4-hour chart had called to get a fall to $6,000.
Yesterdays gravity-defying cost action in BTC has fostered the odds of a rally to $7,024 (23.6 percent Fibonacci retracement of the sell-off from $9,990 to $6,108). Nevertheless, the long-run outlook remains bearish for the time being.
At press time, bitcoin is changing hands at $6,700 on Bitfinex.
4-hour graph

As seen in the chart above, the 4-hour candle spanned the upper Bollinger band in a convincing manner yesterday, signaling a bullish Bollinger ring (standard deviation of +2 and -2 on 20-candle moving average) breakout.
Trading volume also picked up (circled on graph ), adding credence to the bullish move. At the mean time, the cryptocurrency has also discovered acceptance above the 50-candle moving average (MA) and the relative strength index (RSI) is biased bullish (above 50.00).
Therefore, BTC will likely clear the immediate resistance at $6,736 (yellow dotted line) and test supply around $7,024 (23.6 percent Fibonacci retracement of the fall in $9,990 to $6,108) at the next twenty four hours.
Its worth noting that the descending (bearish) 100-candle MA is situated at $7,045, signaling a key resistance level for the bulls.
The favorable Bollinger band installment also reinforces the argument put forward from the bullish price-relative strength index (RSI) divergence a week back that the cryptocurrency has discovered a temporary low at around $6,100.
Daily graph

BTC closed above the 10-day MA yesterday, invalidating the immediate bearish outlook. Additionally, it created a bullish outside-day candle on Monday (cost action engulfed Sundays low and high) thats, the afternoon began on a pessimistic note, but ended optimistically. Therefore, the probability that the corrective rally will gather traction is elevated.
View

BTC looks set to take out immediate resistance at $6,736 and rally towards $7,024 (23.6 percent Fibonacci retracement of the fall in $9,990 to $6,108).
A daily close (as per UTC) above that level might open the doors to $7,500$7,600, even though the rally may be short-lived as the long-run technicals are still biased to the bears.
Bearish scenario: A sell-off to $6,000 could still happen this week, even if BTC closes (as per UTC) beneath the 10-day MA ($6,582) today.

Compass picture via Shutterstock

The leader in blockchain information, CoinDesk is a media outlet that...

22:16

Former Indian Lawmaker Declared Offender in Bitcoin Extortion Case

A former Indian legislator who had been supposedly involved with a $1.3 million bitcoin extortion case has been declared proclaimed perpetrator by a local court. According to The Indian Express, a sessions court at Ahmedabad granted an application from the country Criminal Investigation Department on Monday to announce Nalin Kotadiya that an absconder from justice. According to Indian law, can currently be arrested by a resident and is banned from leaving the country. The decision comes following Kotadiya a former member of the Legislative Assembly failed to show up in court despite repeated summonses and following the CID couldnt hit him with an arrest warrant.

As mentioned previously By CoinDesk, Kotadiyas name surfaced when the CID began investigating the case wherein businessman Shailash Bhatt accused 10 policemen of extorting 200 bitcoin out of him by force in February. In accordance with A new report, Kotadiya is believed from the CID to have assisted the cops kidnap Bhatt. In an intriguing twist to the narrative, the CID can be accusing the apparent victim, Bhatt, along with An associate, Kirit Paladiya, of extorting around $22 million including money and over 2, 000 bitcoin at gunpoint from a member of BitConnect, an alleged bitcoin Ponzi scheme that reportedly closed in India in January.

Another report stated Bhatt had spent in the strategy. Indian police picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
The Indian Express
reported
BitConnect
report
Indian police
strict set of editorial policies

22:00

Bitcoin, DLT and Bank Ledgers: A Central Banker's View CoinDesk

The man in charge of China's quest to research and deploy distributed ledgers outlines his view on the breakthroughs of bitcoin and potential of DLT.

21:30

Why Central Banks Are Really Fearful of Bitcoin NewsBTC

Central banks have no love lost for Bitcoin and cryptocurrencies. Even though some positive things are happening, the overall sentiment remains predictably rather negative. The validity of cryptocurrencies and their decentralized technologies are still in question, especially by banks. It isnt the first time central banks feel the need for Bitcoin to have a central body giving the currency any real value.

Determining the Value of Bitcoin

A lot of people and institutions struggle with determining the value of Bitcoin. A decentralized form of money which isnt centrally issued or controlled poses many different challenges. Moreover, it also raises the question as to whether or not this form of money can ever have any tangible value. Although Bitcoin has a market price, it tends to fluctuate quite regularly.

For central banks, this is a clear indicator Bitcoin is too volatile. There have certainly been many ups and downs along the way over the past nine years. Every year, it seems there is a bearish trend prior to the Bitcoin price spiking upward again. Throughout 2018, that bearish trend has become very apparent, reducing the value of one Bitcoin by nearly two-thirds in the process.

Compared to gold, Bitcoin is a lot more volatile. At the same time, it is evident gold has also lost some appeal when it comes to investing, even though it is still a decent store of value. Some people have also attributed that label to Bitcoin, even though it is clearly too volatile to carry that burden. That said, the value of Bitcoin has held its own quite well compared to a year ago, as it is still quite a bit higher compared to June 19th of 2017. At that time, one BTC had a value of around $2,500.

The Need for a Central Body

One of the discussions that comes to the surface quite often is the lack of centralization in Bitcoin. More specifically, there is no central developer, company, bank, or government, responsible for maintaining the worlds leading digital currency. It is a very different take on the entire concept of money, and one central banks still struggle with today. Finance is, for banks, all about trust we have no choice but to trust them with our money. Bitcoin, on the other hand, is com...

21:21

Bitcoin, Ethereum, Altcoins See Mass Green as Crypto Markets Surge Cointelegraph.com News

Bitcoin, Ethereum, and almost all of the top 50 coins by market capitalization are showing positive growth today

21:13

Flaws in Japans Biggest Crypto Exchanges Will See Regulators Warnings News CCN

A handful of major Japanese exchanges including bitFlyer, Japans biggest and best-funded crypto trading platform, are facing business improvement orders from the countrys financial regulator and watchdog. A failure to comply with anti-money laundering (AML) guidelines will see at least five cryptocurrency exchange operators receive business improvement orders from Japans Financial Services Agency (FSA), a Continued

The post Flaws in Japans Biggest Crypto Exchanges Will See Regulators Warnings appeared first on CCN

21:10

Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation Bitcoin News

Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic Cash Against Defamation

What is a proud college dropout, world traveler, Ayn Rand devotee, and son of an international arms dealer doing artfully, doggedly defending bitcoin as a form of cash? Not even out of his 20s, Derek Magill is many times wiser than his chronological age lets on. In fact, hes arguably the most important apologist around when it comes to bitcoin cash (BCH). Through rational arguments, funny retorts, solid philosophical foundations, hes developed quite a following. Hes even started his own think tank, The Nakamoto Studies Institute, to document BCHs importance in monetary history. News.Bitcoin.com caught up with the troll slayer for an exclusive interview.

Also read: UK Financial Game Show Uses Comedy & Bitcoin to Entertain, Inform

Derek Magill is the Troll Slayer

News.Bitcoin.com (BC): You waded into litecoin for a while, hoping to find a crypto sans excessive fees and mempool nonsense, right? I remember you posting a schematic or something, explaining how it worked to your grandfather.

Derek Magill (DM): Thats correct. I gave up on the cryptocurrency community not long after I got my first bitcoin in 2013. I bought bitcoin here and there over the years, but I never liked what I saw as indefinite utopianism in the space that kept me away from participating. The events leading up to Mike Hearns famous exit piece made me glad Id stayed out of it at the time. But I started getting excited again in early 2017.

...

21:00

Cardstack Set to Redefine the Internets User Experience Layer NewsBTC

Blockchain venture Cardstack just recently concluded a successful token sale reaching its cap of $35 million. The funding puts Cardstack in a strong position to pursue its goal of redefining the internets experience layer through blockchain and decentralization.

Cardstack seeks to challenge the dominance and control of techs major players over users internet activities. The centralized approach these companies apply to their apps and services create silos that result in fragmented user experiences. Often, users have to manage different accounts and subscriptions just to have access to the functionalities they need. Interoperability and integration across these applications are often lacking as well.

What Cardstack essentially offers is a decentralized application orchestration platform. It allows users to create customized workflows by linking various app functionalities and services together.

Chris Tse interviewed on Crypto Crow

While the concept is similar to orchestration services like IFTTT, Cardstack is able to tap into almost any data source including blockchain allowing users to accommodate the new technology into their workflows.

Components

Instead of having companies dictate how a particular service should work, users are given the flexibility to create their own experiences. Functionalities like authentication, chat, collaboration, and payments are visualized as cards which users can stack together based on the conditions and rules they set.

For this to work, Cardstack is envisioned to be a complete ecosystem featuring the following components:

Cardstack Hub. The Cardstack Hub facilitates the orchestration functionalities. It sits at the layer between data sources and the user experience and is responsible for sending out commands and listening for changes from local, cloud, or blockchain data sources.

Cardstack Framework. A comprehensive standard development kit (SDK) is made available to developers allowing them to create their own decentralized applications (dApps). Various functionalities and features are to be developed based on open-source standards. This way, users and developers will be able to replicate and modify them to generate new and improved functionalities.

Cardstack Token (CARD). Fueling Cardstacks economy is its Ethereum-based ERC20 CARD Token. Aside from working as a typ...

21:00

Former Indian Lawmaker Declared 'Offender' in Bitcoin Extortion Case CoinDesk

A former Indian politician allegedly involved in a $1.3 million bitcoin extortion case has been declared a "proclaimed offender" by a local court.

20:41

New Malta Bankers Association Chairman Praises Blockchain, Says Crypto Here to Stay Cointelegraph.com News

The new chairman of the Malta Bankers Association thinks that blockchain could be a total game changer and that crypto will challenge banks roles as payment intermediaries

20:30

Alleged Skycoin Robbery Reveals Developer Network Control Mechanisms NewsBTC

A lot of rumors are flying around regarding the Skycoin cryptocurrency. Some team members claim they were subject to a robbery. Those claims are met with a fair bit of skepticism. As such, the Skycoin team decided to cut all ties with its Chinese marketing team. It still raises a lot of questions regarding the future of Skycoin and its team.

The Skycoin Debacle Escalates

Skycoin is a relatively new blockchain platform which recently completed its initial coin offering. To expand upon its presence, the team has set up marketing teams all over the world. One of its marketing branches can be found in China. It is this team, known as EVOLAB, which is at the center of the ongoing controversy. Its team members have been involved in some rather unique developments.

Based on the official teams response, an alleged robbery has taken place. Skycoin founder Synth and his wife were beaten, threatened and robbed. It is believed the culprits stole 18.88 Bitcoin and 6,466 SKY in the process. Nine individuals partook in this assault and robbery, including various Chinese marketing team members. It is a very odd situation which makes some people doubt how much of it is true. Even so, the stolen Skycoins have to be addressed somehow.

To solve that problem, the Skycoin team immediately froze the stolen funds. The fact such an action is even possible seems to indicate the developers have a high degree of control over the network.  Even so, they could not prevent a massive SKY sell-off over the past two weeks. That in itself had nothing to do with the alleged robbery, but is the direct result of embezzlement. EVOLAB successfully embezzled 100,000 over the course of several months.

A True Story or a Blow to Investors?

While these developments are taking place, it seems the Skycoin team has bigger fish to fry. While the developments are worrisome if true it also puts the entire project in an awkward spotlight. Developers having full control over the network, addresses, and transactions is very problematic. Albeit not unique to this project, it does indicate how centralized this ecosystem may turn out to be when it comes to market.

For now, all exchanges trading SKY are keeping a close eye on these markets. An active...

20:16

Major Crypto Exchanges Face Action Over Money-Laundering Fears

Japans financial watchdog is allegedly planning to induce improvements in a number of licensed crypto-currency exchanges on perceived problems with internal systems, such as anti money laundering measures. Based on a report by Nikkei on Tuesday, the nations Financial Service Agency plans to ensure complete compliance with current AML rules at bigger exchanges as their holdings of customer capital rapidly increases. The report indicates at least five exchanges, such as bitFlyer, Quoine, and Bitbank, are on the FSAs listing to receive business improvement orders this week. The report stated that, based on its current inspection, the FSA found that several licensed exchanges still dont have sufficient measures in place for spotting questionable transactions.

Further, the agency is also concerned that the companies havent recruited enough staff to keep up with the growing volume of transactions on their own platforms. Back in Apr, the FSA is already raising questions about what it considered a broadly forced credential verification process at bitFlyer, after which the company pledged it might strengthen its processes. The bureau also issued business improvement orders in March to a number of registered although lesser known cryptocurrency exchanges including GMO Coin and Tech Bureau as part of its review of crypto trading platforms following the $530 million Coincheck hack January.

And, earlier this month, the FSA gave its first license rejection to cryptocurrency trade FSHO after having issued two suspension orders into the company within its alleged failure to correctly execute security and AML improvements. The most recent movement by the FSA comes only days following a Japanese ego regulatory group for cryptographic exchanges suggested to strengthen their AML steps by banning member platforms out of record anonymous cryptocurrencies like monero and dash. Formed following the Coincheck hack, the Western Virtual Currency Exchange Association consists of important markets like bitFlyer, Bitbank and Quoine, and is chaired by Taizen Okuyama, Chief executive officer of bitFlyer. Japanese yen and BTC 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 operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Nikkei
Coincheck hack
ga...

20:02

Blockchain Network Takes on Flawed Steemit by Offering Lifetime Earnings to Creators Cointelegraph.com News

A new blockchain-based content rewards platform is rivaling Steemit by giving all users equal voting power boosting the earnings of smaller content creators #SPONSORED

19:49

NAGA Founder & Executive Director, Benjamin Bilski: Cryptocurrency Is the Direct Path to Financial Independence. NewsBTC

The world still remembers the decade-old global recession that had the whole world reeling in shock. Many people and industries are still recovering today from the impact of poor management and corruption by some of the leading banking institutions. The severity of such an event is directly related to the number of people who are exposed to the banking and financial services, which in the present-day scenario is almost everyone.

The centralized institutions, along with the governments, have created a monopoly over banking and financial services, leaving people with no other way but to entrust their hard-earned money with them. But that doesnt end here as being customers they are also subject to the whims and fancies of these very institutions when it comes to accessing and spending their own money.

However, things are not going to stay the same thanks to cryptocurrencies. These digital currencies, most of which are peer-to-peer and decentralized, offer a way out for individuals and businesses to break free from the clutches of centralized financial institutions and gain true financial independence. Since the introduction of Bitcoin in 2009, the definition of financial services has gradually changed. The benefits of the underlying blockchain technology of cryptocurrencies have been widely recognized and even the financial institutions are exploring ways to leverage them for their advantage.

Cryptocurrencies are the store of value and can be used like regular currency for the buying and selling of goods and services. It is also an attractive asset that can be traded against other cryptocurrencies. The best part, one doesnt really need a financial institution to facilitate it. Unlike conventional financial infrastructures, the blockchain provides unprecedented levels of transparency, allowing crypto users to control and track their own funds.

In the past couple of years, a lot of new decentralized fintech services have come up, making banking and financial services accessible to everyone, irrespective of where they are and what they do. Cryptocurrencies have proven themselves to be the solution for the financial inclusion of unbanked and the underbanked. The ease of access and versatile nature of cryptocurrencies and their underlying blockchain technology has gained a strong following from the tech-savvy crowd, and the millennial generation is heavily invested in it. They see cryptocurrencies as a way to attain financial independence and financial liberation at the same time a view which is being shared increasingly by mainstream investors and traders as well.

Cryptocurrencies generally have a much higher volatility range compared to conventional assets, and the e...

19:49

Japan: Financial Watchdog to Issue Business Improvement Notices to 5 Crypto Exchanges Cointelegraph.com News

Japans financial watchdog to issue business improvement notices to five registered exchanges, citing a failure to provide sufficient AML measures

19:45

$7k? Bitcoin Price Looks North After Six-Day High CoinDesk

Despite the bearish chart setup, bitcoin rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map

19:45

EOS Freezes Seven Accounts Following Mainnet Snafu News CCN

EOS, an altcoin blockchain that was halted by a bug that prevented transactions two days after going live, has frozen seven EOS accounts that were subject to a phishing scam, according to a blog on a site called EOS42 on Steemit. Developers discovered the bug that caused the mainnet to pause unexpectedly on June 16 Continued

The post EOS Freezes Seven Accounts Following Mainnet Snafu appeared first on CCN

19:30

Crypto Miners Embrace Cheap Power in Europes Poorest Country NewsBTC

In Kosovo, Europes poorest country, there are few job opportunities for a population of which 50% are under 25 and most adults in the country wish to go abroad to work away from rampant corruption and cronyism. There is at least one positive asset though, cheap electricity. For a select few tech-savvy English speaking entrepreneurs who can pool together enough to invest in a rig, mining cryptocurrency has become a reliable source of income.

EUs Poorest Country Ideal for Crypto Mining

Cryptocurrency miners are rewarded for the investment of equipment and energy used to contribute to processing the networks blockchain with a digital token, Bitcoin being the most well known. This processing though is energy intensive and is most effectively done by large mining facilities set up in cold climates where electricity is also cheap.

China, Iceland, Russia and Canada have all been profitable regions to mine in the past. But as regulations limiting the legality of mining in China and concerns over excessive electricity consumption in Canada and Iceland have emerged, miners in Kosovo find themselves well placed to turn a profit in crypto. Though the price of Bitcoin is less than half today of what it was in late 2017 it is still possible to double the investment it takes to mine one Bitcoin in Sarajevo.

Possibly because the cost of electricity in Kosovo is the third cheapest in Europe at just 7 Euro cents per kilowatt hour compared to 19 in Britain. Although the cost of the graphics processing units (GPUs) needed to mine coins has gone up sharply, it is still possible to make a comfortable living in the countrys depressed economy.

Serb Miners Refuse to Pay for Electric

One miner who spoke with Reuters news service said that he had partnered with three others in the capital city of Pristina to invest about 60,000 Euros to build a rig of 480 GPUs in a shipping container. The generates about 14,000 Euros monthly, minus electricity costs of around 5,000 and payments against the initial investment, his share is still better than what he was making previously as a software developer.

According to another miner, Jovan Arsic, it is even more profitable in the north of the country where he has been helping to assemble mining rigs...

19:30

PR: Introducing Socios 2.0 Football on the Blockchain Socios.com Bitcoin News

Introducing Socios 2.0 - Football on the Blockchain Socios.com

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.

New Platform Digitizes The Socios Model, Fusing Crowd-Management With Blockchain Technology To Create A New Era Of Fan Engagement & Monetization In Football

Mediarex, the Malta-based, Binance-backed fintech and sports company, who recently raised more than $65 million through a private token sale for its blockchain-based sports platform, will launch the worlds first fan engagement and fan monetization platform for the football industry through Socios.com.

The ultimate fan engagement tool for the football industry, Socios.com is the worlds first scalable, tokenized voting platform where football fans can buy, trade and execute voting or crowd-manager rights for their favourite football teams. Powered by the chiliZ fintech platform and $CHZ token, chiliZ has committed $20 million to the Socios.com venture that will take football fan engagement into the mainstream.

The desktop and mobile platform, which is currently being developed for the booming esports industry, was originally inspired by the socios or fan-controlled management frameworks of many football teams around the world. Perhaps the best known examples are Real Madrid and FC Barcelona, which are run by their 90,000 and 145,000-strong fan base respectively, but they are by no means the largest indeed, that title goes to FC Bayern Munich, arguably the biggest and most successful example of this democratic/mutual management, with 290,000 affiliate fans. Portugals SL Benfica has 184,000 partners, while Sporting CP has 160,000.

The socios concept is tried and tested, and has created powerful relationships between the clubs and the fans for decades. Socios.com represents the digitisation of this framework, and the football industry will be encouraged to embrace new technology and fintech innovation. The fully mobile solution means fans will no longer be restricted by geography, with the ability to connect the 4 billion football fans worldwide to the 1000 UEFA clubs and 2300+ professional football teams in existence....

19:10

U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming Bitcoin News

Regulations Round-Up: U.S. Executive Branch Employees to Disclose Crypto Holdings, French ICO Regulations Coming by 2019

In recent regulatory news, the United States Office of Government Ethics has issued a document advising employees of the U.S. executive branch to disclose their cryptocurrency holdings. In other news, Bank of Korea has rejected the notion of central bank-issued digital currencies, Crypto Finance AG has received licensing from the Swiss Financial Market Supervisory Authority (FINMA), and France is expected to develop a framework for regulating initial coin offerings (ICOs) by 2019.

Also Read: Financial Services Provider Square Acquires New York Bitlicense

U.S. Office of Government Ethics Advises Employees of Executive Branch to Disclose Crypto Holdings

...

19:00

Major Crypto Exchanges Face Action Over Money-Laundering Fears CoinDesk

Japan's Financial Service Agency is further cracking down on what it considers lax compliance with AML rules at larger, licensed exchanges.

18:38

Bitcoin Price Watch: BTC/USD Could Surpass $7,000 NewsBTC

Key Points

  • Bitcoin price formed a support base above $6,300 and recovered higher against the US Dollar.
  • There was a break above yesterdays highlighted crucial bearish trend line with resistance at $6,480 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is now placed nicely above the $6,500 resistance level, which is a positive sign.

Bitcoin price jumped above the $6,500 barrier against the US Dollar. BTC/USD may continue to gain upside momentum above the $6,800 level in the near term.

Bitcoin Price Analysis

There was a solid support formed above the $6,300 level in bitcoin price against the US Dollar. The BTC/USD pair started a key upside move and settled above the $6,500 resistance zone. There was even a close above the $6,500 level and the 100 hourly simple moving average. It opened the gates for more gains and the price moved into a positive zone above the $6,600 level.

During the upside move, there was a break above yesterdays highlighted crucial bearish trend line with resistance at $6,480 on the hourly chart of the BTC/USD pair. The pair even spiked above the $6,800 level and a high was formed at $6,808. At the moment, the price is correcting lower from $6,800 swing high. It is testing the 23.6% Fib retracement level of the last leg from the $6,328 low to $6,808 high. There may be a downside push below $6,680, but there are many supports on the way down. The most important support is the 50% Fib retracement level of the last leg from the $6,328 low to $6,808 high at $6,568.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price is trading above $6,600 with a bullish formation. If there is a downside correction, it can be considered as a buying opportunity as long as BTC is above $6,500.

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 moving lower towards the 60 level.

Major Support Level $6,568

Major Resistance Level $6,800

The post...

18:32

A Moral Hazard: Bank of Korea Opposes Central Bank Digital Currency News CCN

The Bank of Korea (BoK) has revealed it is against the idea of issuing a central bank digital currency following a feasibility review. South Koreas central bank isnt keen on issuing a central bank digital currency (CBDC) citing concerns related to its impact on the basic mechanics of monetary policy and implementation as well as Continued

The post A Moral Hazard: Bank of Korea Opposes Central Bank Digital Currency appeared first on CCN

18:30

Worlds Smallest States Attracting Biggest Players in Blockchain NewsBTC

Blockchain technology, which is the backbone to everything crypto and the key to decentralization, has the potential to be implemented in almost every existing industry to enhance security, information sharing, and transparency. Innovators in the tech sector predict its effects will be as far reaching as the development of the internet itself, yet the countries that would seem the obvious choices to embrace and develop the technology, US, UK, Japan, Korea are hindering its progress with regulatory red tape leaving some of the worlds smallest, autonomous regions open to welcome cutting-edge tech companies.

Blockchain Companies Flocking to the Worlds Smallest States

City-states with small populations and limited industries see tech companies with major financial backing as a path to future economic growth. While the tech companies get the kind of access to legislators and regulators that would be impossible to reach in countries like the US or Japan.

For instance, the tiny, mountainous micro-state of San Marino has gone into business with Estonian backed Polybius to create a ground-up ecosystem for blockchain innovation. In exchange for the companys financial investment, the government has given them complete support. Sergio Mottola, executive chairman of San Marino Innovation, was quoted in the BanklessTimes saying,

The Government of the Republic is willing to take the lead on this transformation and is superbly placed to promote digital innovation through the constitution of a forward-looking legislation and jurisdiction to favor the growing blockchain infrastructure.

Gibraltar, which already has links to two industries expected to be substantially affected by blockchain, financial services, and online gaming, is well suited for fintech companies to move in. The country is already home to multiple financial institutions familiar with anti-money laundering (AML) and know your customer (KYC) requirements that are becoming de rigor in the cryptocurrency space.

Micro-States Offer Best Incentives to Blockchain Startups

Among this group of ancient states, Malta far and away has opened itself up to companies seeking a safe haven from regulatory restrictions in their home countries. This is in at least partly due to the vision of Prime Minister Dr. Joseph Muscat who is a dedicated believer in the transformative potential of blockchain and cryptocurrency.

Regulatory foot-dragging by countr...

18:16

Internet Cafes Hacked to Mine $800,000 in Siacoin Cryptocurrency

A group of hackers has allegedly colluded with computer maintenance companies in China to hack into computers owned by internet cafes to mine cryptocurrency. Based on A local news report on Saturday, police in Ruia city in Zhejiang province arrested 16 suspects that, it is claimed, have accumulated 5 million yuan by hacking more than 100, 000 computers in internet cafes across 30 Chinese cities since July of last year. The report said the hackers first developed a piece of malware that may specifically mine the siacoin cryptocurrency on a damaged device. They then marketed it to pc maintenance companies who supposedly helped inject malware into computers from internet cafes while carrying out routine checkups.

The profits made by mining and selling the siacoins would then be divided among the hackers and their alleged accomplices, the report said. The problem emerged in July 2017 when net cafes in Ruia began to notice their computers had become extremely slow, since the CPU utilization rate was frequently at 70 percent even following a restart. Notably, it was also in a time when the price of siacoin jumped by 400 percent from $0.002 in May to over $0.01 in July, data from CoinMarketCap shows. In the mean time, The utility bills of the affected net cafe in RuiAn also went up significantly during that period, the report said.

Later the owners reported the case to the local police. Since most internet cafes in Ruia have used the same computer maintenance firm, the police arrested the firms ceo in August, who later showed info on the hackers. Currently, the investigation is still ongoing, since the malware has now spread out across more than 30 cities in China, with over 100 computer maintenance companies within the country being allegedly involved. Internet cafe picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
news
Internet cafe
strict set of editorial policies

18:13

NewsBTC In-Conversation with Genesis Vision CEO Dmitry Nazarov NewsBTC

NewsBTC recently got the opportunity to interact with Dmitry Nazarov, the Chief Executive Office of Genesis Vision. Excerpts:

NewsBTC: What is Genesis Vision all about?

Dmitry Nazarov: First off, Genesis Vision is an asset management platform, that uniquely unites all of the market participants into a single ecosystem.

If we were to describe what our platform is about; in broader terms, it would sound like this we believe that were creating a universal marketplace for people willing to monetize their trading skills, as well as investors, seeking a passive income. Its an open market of money-makers, so to speak. Just like Craigslist or eBay created services, that connected people willing to buy with people willing to sell, we are creating a service that would allow investors, who dont have the necessary skill or knowledge to carry out trading operations, to invest funds into skilled fund managers, all backed up by blockchain and smart contracts.

A basic premise in the theory of evolution is that species must adapt to a changing environment in order to survive. This holds true for companies as well as flora and fauna. We believe that we are creating the next logical step in the evolution of the asset management industry.

What benefits can traders and investors get from Genesis Vision?

We are creating a 360-degree solution that benefits all of the market participants.

Benefits for investors, except for obvious examples like passive income, include complete transparency, and an internal exchange, which gives an investor a level of control over their funds within the framework of an asset management module.

We seek to offer our investors not only everything, that a regular existing PAMM would offer, but more. Not only a skilled fund manager of your choice operating your funds but to also have the transparency and integrity, associated with the nature of blockchain technology.

As for managers, everything is quite simple as well. Apart from more funds to manage, which inevitably leads to more income, managers can monetize their skillset, using our platform, and receive income both from more funds under management, as well as in managerial fees.

But that is far from it since you could have already gotten that from a regular asset...

18:00

Central Banks Will Jump-Start the Decentralization of Money CoinDesk

While the thought may disappoint cypherpunks, the first step of a transition toward a true "money of the people" will be implemented by central banks.

18:00

Ethereum Classic Price Analysis: ETC/USD Gaining Momentum NewsBTC

Key Highlights

  • Ethereum classic price is slowly moving higher and is currently above $14.50 against the US dollar.
  • There is a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is in an uptrend and it may perhaps continue to move above the $15.60 and $15.80 resistances.

Ethereum classic price is placed in a bullish zone against the US Dollar and Bitcoin. ETC/USD may soon break the $15.60 resistance for more gains in the near term.

Ethereum Classic Price Trend

There was a decent upward move initiated from the $12.50 swing low in ETC price against the US dollar. The ETC/USD pair moved higher and traded above the $13.50 and $14.00 resistance levels. There was also a break above the $14.50 barrier and the 100 hourly simple moving average. More importantly, there was a break above the 50% Fib retracement level of the last drop from the $16.50 high to $13.05 low.

The price is now placed nicely above the $15.00 level and the 100 hourly SMA. On the upside, there is a major barrier awaits near $15.60. A break above the stated barrier could push the price towards the next key resistance at $16.20-30. An intermediate resistance is at $16.00. At the moment, the price is correcting lower from the $15.50 high. It tested the 38.2% Fib retracement level of the last wave from the $14.01 low to $15.50 high. There is also a major bullish trend line formed with support near $14.40 on the hourly chart of the ETC/USD pair.

Ethereum Classic Price Analysis ETC USD

The chart suggests that the price remains well supported above the $14.50 level. On the upside, a break above $15.60 is needed for more gains in the near term.

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

Hourly RSI The RSI for ETC/USD is placed nicely around the 60 level with positive signs.

Major Support Level $14.50

Major Resistance Level $15.60

The post Ethereum Classic Price Analysis: ETC/USD Gaining Momentum...

17:10

All Regulated Japanese Exchanges to Prohibit Insider Trading and Privacy Coins Bitcoin News

All Regulated Japanese Exchanges to Self-Prohibit Insider Trading and Privacy Coins

The association comprising of 16 government-approved cryptocurrency exchanges in Japan has reportedly provided a sneak peak of its self-regulatory rules. The focuses are on banning insider trading and preventing exchanges from listing privacy coins.

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

Insider Trading Banned

The Japan Virtual Currency Exchange Association (JVCEA) has given a sneak peak of the draft self-regulatory rules it has been working on, in an effort to step up consumer protections and improve transparency, Nikkei reported on Monday. The main focuses of the new regulations are on insider trading and the trading of new currencies that cannot be traced easily, the publication detailed, adding:

The proposed rules explicitly ban insider trading. Word has leaked previously that a major exchange would start handling a new currency, which led to a surge in the currencys value and left many suspecting market manipulation. Such activity would represent a clear violation of the new rules.

...

16:30

Ripple Price Analysis: XRP/USD Poised to Extend Gains NewsBTC

Key Highlights

  • Ripple price formed a major low near the $0.5100 level and bounced back against the US dollar.
  • Yesterdays important bearish trend line was broken with resistance near $0.5200 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair tested the $0.5500 resistance zone and is currently correcting lower.

Ripple price is back with positive moves against the US Dollar and Bitcoin. XRP/USD is now well supported above the $0.5300 level and the 100 hourly SMA.

Ripple Price Trend

There was a key support formed around the $0.5100 level in Ripple price against the US Dollar. The price formed a low at $0.5100 and started a nice upside move. It jumped above the $0.5200 resistance and cleared a few sell zones. During the upside move, there was a break above the 38.2% Fib retracement level of the last decline from the $0.5650 swing high to $0.5100 low.

Moreover, yesterdays important bearish trend line was broken with resistance near $0.5200 on the hourly chart of the XRP/USD pair. The pair even cleared the $0.5400 level and the 100 hourly simple moving average. There was a test of the $0.5500 resistance zone where sellers appeared. A high was formed at $0.5523 before the price started a downside correction. At the moment, the price is testing the 38.2% Fib retracement level of the last wave from the $0.5100 low to $0.5520 swing high. On the downside, there are many supports near the $0.5300 level and the 100 hourly SMA.

Ripple Price Analysis XRP USD

Looking at the chart, the 50% Fib retracement level of the last wave from the $0.5100 low to $0.5520 swing high at $0.5311 is a decent support. Therefore, if the price continues to move down, it is likely to find bids near the $0.5300 level.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is placed well above the 50 level.

Major Support Level $0.5300

Major Resistance Level $0.5520

The post...

16:00

Internet Cafes Hacked to Mine $800k in Siacoin Cryptocurrency CoinDesk

A group of hackers have allegedly colluded with computer maintenance firms in China to place malware on internet cafe computers to mine cryptos.

15:42

Investors Turn Bullish as Cryptocurrency Market adds $12 Billion in 24 Hours News CCN

Over the past 24 hours, the cryptocurrency market added $12 billion, as major cryptocurrencies including Bitcoin, Ethereum, Ripple, and Bitcoin Cash experienced a short-term corrective rally. Breathing Room, But Not Entirely Optimistic The Bitcoin price rebounded from $6,300 to $6,700, breaking a descending trendline since May 3, when BTC achieved $10,000. While it is too Continued

The post Investors Turn Bullish as Cryptocurrency Market adds $12 Billion in 24 Hours appeared first on CCN

15:15

Cryptocurrency Market Update: Ontology (ONT) Price Profits from New Partnership NewsBTC

FOMO Moments

Current performing altcoins are Ontology, Tron, Ethereum Classic, and Icon.

The bears were caught napping and a small, but possibly short-lived, bounce occurred in the crypto markets a few hours ago. In what appears to be a single whale transaction, Bitcoin shot up $300 in a matter of minutes at 23.30 UTC. The short pump has resulted in a 4% gain on the day for Bitcoin which is currently trading at $6,730. As usual the other cryptos will benefit from this and Ethereum also clawed its way back over $500, up 4% on the day to $517. Most of the altcoins are in the green at the moment following days of downward motion from bearish selling pressure. Ontology and Tron are posting the highest gains in the top 25 at the time of writing.

Coinmarketcap is reporting an 8.3% gain for Ontology which makes it the leading altcoin of the moment. ONT is currently trading at $6.60 from $6.08 this time yesterday, over the past week it has regained all losses from a level of $6.67 this time last Tuesday. The monthly view shows a similar picture with ONT regaining losses from a 30 day low of $5.60 to trade at the same level it was this time last month. Against Bitcoin ONT is up 4.2% to 98360 satoshis from 94500 sats this time yesterday, on the week it has remained at a similar level trading at 97000 satoshis this time last week.

Ontology has ridden the wave initiated by the Bitcoin pump a few hours ago. A recent tweet announcing a partnership with Contentos will keep momentum going. According to the medium post the two projects will share their respective business expertise and work on blockchain research, application development, and community building. Ontology Global Capital will invest in Contentos, helping it use blockchain to reshape the content industry and continue to tap into the value of content.

Ontology is currently traded heavily on Binance which has around 55% of the total volume; OKEx and Huobi are also popular...

15:10

Brave Browser Launches Trial for Advertising Program Bitcoin News

Brave Browser Launches Trial for Advertising Program

Brave Software, the publisher of an open-source web browser boasting enhanced privacy features, built-in ad blocker, and built-in cryptocurrency (Basic Attention Token [BAT]), has commenced the trial phase of its ad program. Brave users who participate in the trial for the program will be paid a sum of BAT proportional to 70% of the companys advertising revenues in exchange for viewing ads.

Also Read: Six Alternatives to an Initial Coin Offering

Brave Browser Begins Trialing Advertising Program

Brave Browser Launches Trial for Advertising ProgramBrave Software has commenced trials for its browsers ads program.

The company, which was founded by former chief architect and CTO of Mozilla, Brendan Eich, and former senior software engineer at Mozilla and former software developer lead at Khan Academy, Brian Bondy, claims that its browser offers a number of speed and privacy advantages over its competitors. Braves website claims that the browser loads pages up to two times faster than other browsers on desktop, and up to eight times faster of mobile owing in large part to its...

15:00

Ethereum Price Analysis: ETH/USD Broke Key Resistance NewsBTC

Key Highlights

  • ETH price made a nice upside move and broke the $495 resistance against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is now placed nicely above the $500 level and the 100 hourly simple moving average.

Ethereum price climbed higher above key levels against the US Dollar and Bitcoin. ETH/USD may correct lower, but dips are likely to find buyers above $500.

Ethereum Price Support

Yesterday, there was a solid support base formed near $483-485 in ETH price against the US Dollar. The price started an upside move and traded above the $495 resistance level. It opened the doors for more gains and the price even jumped above the $500 handle and the 100 hourly simple moving average. Additionally, there was a break above the 61.8% Fib retracement level of the last decline from the $526 high to $481 low.

During the upside move, there was a break above a major bearish trend line with resistance at $498 on the hourly chart of ETH/USD. The pair was able to find bids above the $510 resistance and it traded close to the $526 swing high. At the moment, the price is consolidating gains below $526. An initial support is around the 38.2% Fib retracement level of the last wave from the $481 low to $526 high. However, the most important support is near the $504 level and the 100 hourly SMA. It also coincides with the 50% Fib retracement level of the last wave from the $481 low to $526 high.

Ethereum Price Analysis ETH USD

Looking at the chart, the price is trading with a positive bias above $504. On the upside, a break above $526 may perhaps push the price towards $540.

Hourly MACD The MACD is moving in the bullish zone.

Hourly RSI The RSI is correcting lower from the 70 level.

Major Support Level $504

Major Resistance Level $526

The post Ethereum Price Analysis: ETH/USD Broke Key Resistance appeared first on...

14:16

UBS CEO: Blockchain Is Almost A Must for Business

The Chief executive officer Of Swiss financial services giant UBS Group AG endorsed blockchain technology in a meeting, suggesting that its nearly a must for business. Sergio Ermotti told CNBC on Monday that the technology might help companies become much more efficient, thus reducing costs for some operations. Generally, technology will assist firms free up resources, but blockchain particularly is a good way to increase these efficiencies. He said: Our business will continue to be under pressure, with regards to gross margins. It is no doubt. The only way you can stay relevant isnt just by being strong with regards to capital, with regards to products, the quality of the people youve, advice you give to clients.

You also need to be capable to price it correctly. Throughout the interview, Ermotti said that the blockchain technology may be as crucial and disruptive, and changing as regulation has been in the last 10 years. This isnt the very first time Ermotti has praised blockchain technology without similarly praising cryptocurrencies. During another interview with CNBC in October, he said he was much more bullish on blockchain than he was about cryptocurrencies specifically. His remarks echoed those of UBSs chief investment officer Mark Haefele, who referred to bitcoin as being dangerous last year, as previously reported by CoinDesk. Putting action to words, UBS is currently backing a blockchain based trade finance platform, Batavia, in partnership with IBM.

CoinDesk reported in Apr that the platform has conducted its first live cross border transactions with corporate clients. UBS image via Shutterstock. A leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
CNBC
interview
reported
reported
UBS image
strict set of editorial policies

14:13

Active Blockchain Projects in Use? Logistics is Overtaking Finance News CCN

Many predicted that finance would be among the first innovators in blockchain. Harvard Business Review concluded that education about blockchain is no longer lacking in finance as it is in industries like manufacturing, predicting well see finance projects finished first. Part of that statement is true. Manufacturing has indeed fallen behind in understanding blockchain, but Continued

The post Active Blockchain Projects in Use? Logistics is Overtaking Finance appeared first on CCN

14:08

Bitcoin Cash Price Analysis: BCH/USD May Overtake $900 NewsBTC

Key Points

  • Bitcoin cash price bounced back sharply from the $825 support area against the US Dollar.
  • Yesterdays highlighted key bearish trend line with resistance at $840 was breached on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is currently trading just below the $900-910 resistance, and it may soon break it.

Bitcoin cash price is showing positive signs above $850 against the US Dollar. BCH/USD is likely to continue higher above the $900-910 resistance.

Bitcoin Cash Price Trend

There was a test of an important support at $825 by bitcoin cash price recently against the US Dollar. The price found a strong buying interest and started an upside move above the $850 level. There was a break above the 50% Fib retracement level of the last decline from the $908 high to $825 low. It opened the doors for more gains and the price jumped further above $850.

More importantly, yesterdays highlighted key bearish trend line with resistance at $840 was breached on the hourly chart of the BCH/USD pair. The pair also traded above the $880 level and it almost tested the $900 level. A high was formed at $898 before the price started consolidating gains. An initial support is around the 23.6% Fib retracement level of the last wave from the $826 low to $898 high. There may perhaps be more downsides in the near term, but supports such as $880 and $850 are likely to prevent losses.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the pair is placed nicely above the $850 level. Therefore, there are high chances of an upside break above the $900 and $908 resistance levels. The next hurdle above $908 is around the $950 pivot level.

Looking at the technical indicators:

Hourly MACD The MACD for BCH/USD has moved back in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is now placed nicely in the overbought zone.

Major Support Level $850

Major Resistance Level $908

The post Bitcoin Cash Price Analysis: BCH/USD May Ove...

14:07

Cardano (ADA) Price Watch: Ready to Reverse from the Drop? NewsBTC

Cardano Price Key Highlights

  • Cardano is still in its descending channel but might be gaining traction off the bounce.
  • Applying the Fib tool shows the next potential resistance levels that could keep gains in check.
  • Technical signals are looking mixed, with oscillators suggesting further gains in the cards.

Cardano appears to be gaining some traction after its channel support bounce and could aim for the Fibs next.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. This means that the selloff is more likely to resume than to reverse. In addition, the 100 SMA dynamic inflection point lines up with the channel resistance to add to its strength as resistance.

The 100 SMA also coincides with the 50% Fibonacci retracement level around 0.1900 while the 200 SMA is closer to the 61.8% Fib just past the 0.2000 major psychological level. This might be the line in the sand for the downtrend as a break past this could bring more buyers in.

RSI is on the move up to show that buyers have the upper hand and could push for a climb. Similarly stochastic is pointing up so Cardano price could follow suit. Once both oscillators hit overbought levels, though, selling pressure might return and lead to a drop back to support.

ADAUSD Chart from TradingView

Market Factors

Cryptocurrencies got a fresh boost from the news that New Yorks FSA gave a license to Squares Cash app, which allows clients to trade bitcoin in the state. The app has 7 million active users based on its first quarter earnings call, which means a lot of potential liquidity and volumes for bitcoin.

Of course this type of news tends to spill over to other altcoins and Cardano could be strongly poised to take advantage. Cardano has been added by Bithumb to their list of trading coins starting on June 13.

The post Cardano (ADA) Price Watch: Ready to Reverse from the Drop? appeared first on NewsBTC.

14:00

Bitcoin and United States Dollar coinmill.com Currency Rates

0.00010 BTC = 0.68 USD
1.00 USD = 0.00015 BTC
Converter

13:51

One Mathematician's Mission to Boost Bitcoin's Privacy (And Soon) CoinDesk

Blockstream researcher Andrew Poelstra's efforts to create a more private bitcoin aren't about extremes, but about protecting the everyman.

13:47

Bitcoin (BTC) Price Watch: Next Upside Hurdles to Clear NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price broke to the upside of its short-term consolidation pattern to signal bullish pressure.
  • Price has yet to bust through several upside hurdles to confirm that buyers are in control.
  • Technical indicators are mostly suggesting that the drop could still resume.

Bitcoin price made a short-term upside break but still faces several upside hurdles before sustaining the rally.

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. This means that theres a good chance the selloff could still resume. This short-term moving average is also near the top of the channel to add to its strength as a ceiling.

Applying the Fibonacci retracement tool shows the next potential resistance levels where sellers could hop in. Price is currently testing the 38.2% retracement but might still pull up to the 50% level closer to the trend line resistance. The $7,000 major psychological level could also keep gains in check.

RSI is on the move up but nearing overbought territory to reflect exhaustion among buyers. Allowing sellers to regain the upper hand could lead bitcoin price to revisit the swing low or the channel bottom closer to $6,000.

Stochastic is still pointing up, though, so there may be some bullish energy left. If buyers are strong enough to push past the channel top, a test of the 200 SMA dynamic inflection point could take place next. From there, the swing high around $7,500 could be the next resistance.

BTCUSD Chart from TradingView

Bitcoin price got a strong boost from news that New Yorks Financial Services Authority gave a license to Squares Cash mobile app. This allows its clients to trade bitcoin in the state, and the app reportedly has 7 million active users as of its first quarter earnings call.

The post Bitcoin (BTC) Price Watch: Next Upside Hurdles to Clear appeared first on NewsBTC.

13:26

CEO of UBS: Blockchain Will Transform Cost Base of Financial Services Industry Cointelegraph.com News

The CEO of UBS said in an interview that blockchain will transform the cost base of the financial industry and is almost a must

13:10

Swiss Crypto Company Acquires License to Distribute Funds to Investors Bitcoin News

Swiss Crypto Company Acquires License to Distribute Funds to Investors

Crypto Fund AG has been granted a license to distribute funds on behalf of qualified investors in Switzerland. The permission has been issued by the countrys financial market regulator, FINMA. The firm also seeks approval for another crypto-related service.

Also read: Zug Tests Blockchain to Decide on Fireworks and Digital IDs

First Point of Contact for Crypto Assets

Swiss Crypto Company Acquires License to Distribute Funds to InvestorsCrypto Fund AG, a Zug-based subsidiary of the Swiss Crypto Finance Group (CFG), has received a license to distribute collective investment schemes to qualified investors, Reuters reported. According to an announcement by CFG, this is the first time a crypto business is granted such permission by the authorities in Switzerland.

The Swiss Financial Market Supervisory Authority (...

12:37

India: Former Legislator in Bitcoin Extortion Case Declared Proclaimed Offender Cointelegraph.com News

A former Member of the Legislative Assembly has been declared a proclaimed offender in Bitcoin extortion case

12:30

Digital Dystopia Revealed (Video) "IndyWatch Feed Economics"

Digital Dystopia Revealed Video We Are Change In this video, Luke Rudkowski of WeAreChange gives is joined by Max Igan where they discuss important topics on technology, including cryptocurrency, the internet of things, and the emergence of the social...

The post Digital Dystopia Revealed (Video) appeared first on The Daily Coin.

12:00

UBS CEO: Blockchain Is 'Almost a Must' for Business CoinDesk

The CEO of UBS Group AG endorsed blockchain technology in an interview, suggesting that it is "almost a must" for business.

11:38

Binance Supports Malta Stock Exchanges Startup Accelerator Program Cointelegraph.com News

Crypto exchange Binance is backing the Malta Stock Exchanges program to support and mentor fintech startups and entrepreneurs

11:17

Brussels Airport Unveils Blockchain App for Tracking Cargo Movement News CCN

Brussels Airport has launched an application based on blockchain technology meant to assist in tracking cargo movement from ground handlers to freight forwarders. The application will work in conjunction with BRUcloud, the open data management platform of Brussels Airport that is hosted on the cloud. BRUcloud, which is based on the data technology of Nallian Continued

The post Brussels Airport Unveils Blockchain App for Tracking Cargo Movement appeared first on CCN

11:10

Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls Bitcoin News

Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls

Just recently news.Bitcoin.com reported on the Chainbet protocol created by the developer Jonald Fyookball, designed to add trustless betting features to the Bitcoin Cash network. Following the launch of this concept, the Openbazaar developer Chris Pacia messed around with the idea and completed the first on-chain atomic bet. Now, this week the Chainbet contributors Fyookball, Pacia, and James Cramer have extended the protocol to include multiplayer bets, auctions, and dice rolls.

Also Read: An Inside Look at the Electron Cash Wallet Coming to iOS

Bitcoin Cash On-Chain Betting Protocol Chainbet Adds New Concepts

Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice RollsThe Chainbet protocol has been updated with some more complex trustless betting methods such as auctions,...

11:00

OTC Trading Platform Paxful Is At the Forefront of a Crypto Boom in Africa NewsBTC

Current financial, social, and economic conditions in Africa have contributed to the surging popularity of cryptocurrencies on the continent.

For the over-the-counter (OTC) crypto trading platform Paxful, African customers account for almost $7.5 million in transactions per month. Interestingly, half of these crypto enthusiasts are under 30-years-old and either have a college degree or are studying towards post-secondary qualifications.

Peer-to-Peer Financial Revolution

Ray Youssef, co-founder and CEO of Paxful, recently spoke with Finance Magnates and detailed why he believes that cryptocurrencies like Bitcoin are the key to empowering some of the worlds most financially alienated populations. Generally speaking, according to Youssef, interest in digital currencies is spurred by lower fees, increased transaction speed, safety, and currency stability.

We are on the verge of the peer-to-peer financial revolution and it is being led by Africa. When it comes to innovation in financial services, in many ways, Africa has an advantage over the so-called developed markets; the continent has an expanding middle-class that has already embraced innovation in banking.

Paxful was born when Youssef and his business partner, Artur Schaback, decided to turn their homegrown OTC Bitcoin exchange operation into an official company.

It was technically the same as LocalBitcoins, which is a solicit service and an escrow service. It wasnt localthere were no local trades allowed. It was like GlobalBitcoins. We focused on gift cards and helping the unbanked.

Youssef explained that his a-ha moment for Paxful came when he fielded a call from a woman who was trying to use her last $20 to buy Bitcoin. Without a bank account or credit cards, Youssef navigated her thro...

10:10

Strong Demand for Crypto Experts on the Russian Labor Market Bitcoin News

Strong Demand for Crypto Experts on the Russian Labor Market

Statistics from leading job search platforms indicate that the demand for cryptocurrency and blockchain specialists in Russia remains strong. Most employers offering these vacancies are either IT companies or banks. The competition for crypto expertise is getting tougher, as the country is preparing to finally regulate the fintech sector.  

Also read: Crypto Incomes Declared on Tax Returns in Russia

Dont Forget to Mention Crypto Projects on Your Resume

Six candidates are currently competing for each vacancy in the Russian Federation, according to data collected by the Index Head Hunter platform, a project monitoring the labor market in the vast country. The ratio indicates a moderate level of competition among potential employees, which is favoring Russian employers. But is this the case in all sectors of the economy?

...

10:04

SEC Endorsement Cements Ethereums Stellar Reputation as A Quality Network:Ethereum (ETH) Technical Analysis (June 19, 2018) NewsBTC

With a $50 billion market cap, Ethereum is the second largest cryptocurrency in the world. As it stands, development and adoption fundamentals are on point. Thats what advises our long term projection of the coin. In the short to medium term though, its likely that ETH would add on to its seven percent week over week losses.

Lets look at the chart

From the News

At almost 75 percent down from their ATHs, a lot of weak hands are out of the market. By all accounts, thats understandable. After all, most of these guys buying and selling at current prices are merchants or traders playing the market for some quick profit. What you should know though is the long term stand of blockchain, Ethereum as the genesis of smart contract and your investment style. All thing constant and  as it stands, Ethereum is but a quality network. Then again, in the past week, there were some jolting endorsement from the SEC. Of course this is good news and its even better because Ethereum and ETH are truly decentralized meaning no one entity is set to rack in profits or arm twist the chain to their benefit.

Thats not the point though. Its mundane to say the least. On-chain development is what carries the day and we can point back to different metrics to support this assertion. One of them stands on decentralization which by itself is the genesis of blockchain. Ethereum has more than 17,000 full nodes across six continents guaranteeing security. And thats not inclusive of the 35 million addresses-and counting-registered on the network.

On the development front, Ethereum has one of the biggest developer community as 250,000 of them work via the EVM. We can gauge the activity on the network just by looking at the number of MetaMask users now at 1 million. Better still, the number of Truffle downloads is likely to exceed 600,000 by the end of the year. All these is the reason why Ethereum has an impressive 220,000 commits at GitHub and governments all over the world seeking to draw value from this community blockchain.

Ethereum (ETH) Technical Analysis

Weekly Chart

Etheruem (ETH) Technical Analysis...

10:03

Paris Hiltons Hotel Mogul Father to Sell $38 Million Mansion for Cryptocurrency News CCN

Richard Rick Hilton, chairman of Hilton & Hyland and father of American socialite and reality TV star Paris Hilton, is selling the $38 million Palazzetto mansion through a cryptocurrency auction. The 16th century mansion is located in Rome and has 11 bedrooms and 15 bathrooms. $38 Million Mansion for Sale: Bitcoin Accepted One lucky winner will get Continued

The post Paris Hiltons Hotel Mogul Father to Sell $38 Million Mansion for Cryptocurrency appeared first on CCN

10:02

Russia Change Tact, Now Backs Litecoin and 5 Other Cryptos Via SberBank: IOTA, Stellar Lumens, EOS, Litecoin and Tron Technical Analysis (June 19, 2018) NewsBTC

Needless to say, IOTA is the biggest loser in the last 24 hours tumbling seven percent and in the process dipping below $1.12 and triggering sells. However, when we take a wholesome approach, bears are likely to drive prices lower across the board in the coming days. As such, we should be watching TRX because of what happens after mainnet launches, Litecoin as it dangles at $90 and EOS due to their security lapses.

Lets have a look at the charts:

EOS Technical Analysis

Its no doubt that the security of any blockchain takes center stage and EOSIO should be prioritizing theirs. We already saw that happening over the weekend following a bug that lead to a network freeze. This blockchain halt is technically meant to protect EOSIO blockchain from forking. Even though it could have been ideal if they had sorted this ASAP, the fact that it took five hours to resolve was a pain point for many.

On other fronts, DogeCoin CEO Jackson Palmer is criticizing EOS new requirement that newcomers should pay $3 for account opening. Its a no brainer, would inevitably hinder adoption exacerbating things at this time when EOS is simply the hardest digital asset to own.

All things constant, our previous trade plan holds. However, considering the trajectory of price action in the last four days or so, its likely that our bullish projection would be nullified. This would come to pass if and only if bears push prices below $9 and in that case, and as we said before,...

09:49

WATCH: The Machinery of Voluntaryism with Dan Johnson "IndyWatch Feed Nthamerica"

By Vin Armani In the first hour Vin discusses key stories and insights related to freedom and cryptocurrency. In the second hour we welcome back...

09:07

Denver Post Exiles Launch Blockchain-based Newspaper News CCN

A group of journalists who left The Denver Post over conflicts with the papers owner has joined a blockchain based startup that hopes to operate 1,000 publications this year, according to The New York Times. The former Denver Post staffers will partner with a startup called Civil Media Company, whose sole investor is ConsenSys, a Continued

The post Denver Post Exiles Launch Blockchain-based Newspaper appeared first on CCN

09:02

US: Federal Employees to Disclose Crypto Holdings Following New Guidance Cointelegraph.com News

The US Office of Government Ethics has instructed federal employees to report their holdings of virtual currency and transactions of certain investment assets

08:52

Blockchain-Based Community Currencies to Be Launched in Kenya

Bancor has announced today itll start a network of blockchain based community currency in Kenya. The new project is likely to combat poverty throughout the stimulation of local and regional commerce and peer-to peer collaboration. By utilizing the Bancor Network, disadvantaged communities in Kenya will be capable to create digital currency that may hold more than one balances in a connected way such that integrated currency can be exchanged for one another without needing a counterparty. Bancor will start the new currency by contributing capital from the proceeds of its $153 million token sales in 2017. In a correspondence with Bitcoin Magazine, Galia Benartzi, Bancors co founder, said, Bancor will serve as one of many donors in the program providing the initial capital to finance the token accounts contained within each one of the community currencies.

Additionally, Bancor will provide in form operational support, including technical and integration work, marketing and materials to obtain the currency distributed and operational.,The company will partner with Kenyan nonprofit foundation Grassroots Economics, who has experience developing community currency programs in Africa. Grassroots Economics founder Will Ruddick, whos also a newly appointed director of community currency in Bancor, will oversee the launch of the community currency from Nairobi. The team will utilize Bancor Protocol to enlarge the current paper currency system utilized local enterprises to reduce poverty and create stable markets. Ruddick believes that whenever communities have the same right as countries to create and manage currency, theyll unlock their full potential.,Kawangware and Kibera are the focal points of the pilot launch.

These communities, which happen to be the biggest slums in Kenya, will be utilized to circulate the currency by incentivizing clients to use it. Bancor expects that as more individuals in the community buy and hold the local currency, its market cap may increase, that will create more wealth and a higher buying power for the holders. Community members and supporters of the initiative may have the option to sell and buy the local currency Via the open source Bancor Protocol with any one of the popular cryptocurrencies or a major credit card. Before its partnership with Grassroots Economics, Bancor had established a comparable program in Israel. The aviator program, intended for mothers, was processing over 1, 000 daily transactions before activities peaked due to the difficulty of transferring wealth outside the community.

Sources:
bitcoinmagazine.com
Bancor
Grassroots Economics
Bancor

08:50

Crypto Heists Are On The Rise "IndyWatch Feed Economics"

Crypto Heists Are On The Rise By Michael Kern Safe Haven This year is poised to go down in fame as the worst in terms of cryptocurrency theft, with cybersecurity firm Carbon Black reporting a whopping $1.1 billion in stolen or...

The post Crypto Heists Are On The Rise appeared first on The Daily Coin.

08:18

Spanish Bank Group to Develop Blockchain Platform to Identify Clients Cointelegraph.com News

Spanish banking consortium to introduce blockchain registration system for clients by the end of this year

08:16

This Japanese Village Is Planning Its Own ICO

A small Japanese village is turning to cryptocurrencies in an effort to bolster its economy. Nishiawakura a village of about 1, 500 individuals in Okayama prefecture in Japan has revealed his plan a week ago to launch a regional initial coin offering as a way to secure financing. The municipality, particularly, depends on forestry in support its economics about 95 percent of the city is composed of forest area, in accordance with the villages official announcement. Nishiawakura Coin will be issued by Nishiawakuras Token Economy Association. Whilst the launch date hasnt yet been released, some details about the coin can be found on its official website.

The village launched the effort after its leaders ICOs being widely used around the world by companies and non governmental organizations, Nikkei reported on June 16. Officials also took note that the country is moving ahead with the establishment of self regulatory rules regarding the blockchain financing model. In its release, the village quoted Yoichi Ochiai, a Japanese researcher and cryptocurrency writer, who claimed that future local governments in Japan will move away from centralization and make aggressive investments in ICO. This isnt the first example of municipal interest in ICO around the world. As previously reported by CoinDesk, the mayor of the Louisiana city of Lafayette broke the ICO to raise money.

Editors Note: Statements in this article have been translated from Japanese. Japanese yen image through Shutterstock. A leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
official announcement
website
Nikkei
Yoichi Ochiai
previously reported
Japanese
strict set of editorial policies

08:10

Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018 Bitcoin News

Cryptocurrency Hedge Funds Were Down 12% to 19% in May 2018

No need to beat yourself up if your cryptocurrency portfolio exhibited less than stellar performance in May. Even the professional traders employed by the big hedge funds active in the space have suffered double digit declines during the previous month. 

Also Read: Bitcoin in Brief Monday: From New York to Historic Istanbul Market

Crypto Hedge Funds Show Weak Performance in May

Data provided by three different industry trackers reveals that crypto hedge funds achieved considerable negative growth in the bear market of May 2018.

The Eurekahedge Crypto-Currency Hedge Fund Index estimates the losses made by crypto funds to have been 11.66% during May, and 2018s year to date (YTD) performance to be -22.71%. Market analysis firm, Hedge Fund Research Inc. (HFR), estimates crypto funds to have suffered a decline of 15.48% during May, bringing the YTD performance to -33.3% per the companys HFR Blockchain Index. And the Cryptocurrency Traders Index of hedge fund data specialist Barclay Hedge shows that the performance of those it is tracking dropped by 19.09% in May, and down 34.57% YTD. The differences between the three benchmarks are due to each following a different number of funds.

The weak May figures are in sharp contrast to the strong rebound performance seen the previous month, as Eurekahedge reported an increase of in 52.83% and Barclay Hedge a similar 44.86% in April 2018.

...

08:07

Bitcoin Price Will Hit $60,000 This Year: Fund Manager News CCN

Phillip Nunn, chief executive officer of Manchester-based investment firm Blackmore Group, is standing by his bullish prediction that the bitcoin price will reach $60,000 in 2018, according to BusinessCloud. Nunn, who also advises initial coin offering (ICO) projects, told the news outlet he believes the flagship cryptocurrency see both $6,000 and $60,000 this year. Speaking Continued

The post Bitcoin Price Will Hit $60,000 This Year: Fund Manager appeared first on CCN

08:01

Blockchain-Based Community Currencies to Be Launched in Kenya Bitcoin Magazine

Blockchain-Based Community Currencies to Be Launched in Kenya

Bancor has announced today it will launch a network of blockchain-based community currencies in Kenya. The new project is expected to combat poverty through the stimulation of local and regional commerce and peer-to-peer collaboration.

By using the Bancor Network, disadvantaged communities in Kenya will be able to create digital currencies that can hold one or more balances in a connected way such that integrated currencies can be swapped for one another without needing a counterparty.

Bancor will launch the new currencies by contributing capital from the proceeds of its $153 million token sales in 2017.

In correspondence with Bitcoin Magazine, Galia Benartzi, Bancors co-founder, said, Bancor will serve as one of several donors in the program providing initial capital to fund the token balances contained within each of the community currencies. In addition, Bancor will provide in-kind operational support, including technical and integrations work, marketing and hardware to get the currencies distributed and operational.

The company will partner with Kenyan nonprofit foundation Grassroots Economics, who has experience developing community currency programs in Africa.

Grassroots Economics founder Will Ruddick, who is also the newly appointed director of community currencies at Bancor, will oversee the launch of the community currencies from Nairobi. The team will use Bancor Protocol to expand the current paper currency system used by local businesses to reduce poverty and create stable markets.

Ruddick believes that when communities have the same right as nations to create and manage currencies, they will unlock their full potential.

Kawangware and Kibera are the focal points for the pilot launch. These communities, which happen to be the largest slums in Kenya, will be used to circulate the currency by incentivizing customers to use it.

Bancor expects that as more people in the community buy and hold the local currency, its market cap can increase, which will create more wealth and a higher purchasing power for the holders.

Community members and supporters of the initiative will have the option to buy and sell the local currencies via the open-source Bancor Protocol using any of the popular cryptocurrencies or a major credit card.

Before its partnership with Grassroots Economics, Bancor had launched a similar program in Israel. The pilot program, aimed at mothers, was processing over 1,000 daily transactions before activities peaked due to the difficulty of transferring wealth ou...

08:00

Cold Reception? Crypto Critics Ignite After EOS Blockchain 'Freeze' CoinDesk

Over the weekend, transactions on the live EOS blockchain came to a complete yet temporary halt.

08:00

South Koreas Central Bank Opposes Issuing a Central Bank Digital Currency NewsBTC

South Koreas central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Koreas (BOKs) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Koreas financial sector as a whole. 

No Central Bank Digital Currency

The reason the BOK opposes a CBDC is because issuing one would raise the basic mechanics of monetary policy and implementation, including the banks use of open market operations, according to The Korea Times.

Further, officials at the BOK say a CBDC will cost society and could cause a moral hazard. Also, issuing a CBDC could destabilize the market order because digital currencies dont currently constitute money, as per the BOKs definition.

We reviewed the possible feasibility of digital currencies as currency; however, our thoughts are that digital currencies have been exposed to various categories of risk associated with credit, liquidity and legal management, Kwon Oh-ik, a researcher at the bank, said in the report. Digital currencies dont perform as money.

Moving forward, the BOK said that it doesnt have plans to let private sector players issue coins, because central banks should have appropriate control over financial conditions. Put simply, the BOK dont want to share their powers of issue money:

Its desirable that the BOK is the only entity to entirely control issuing money, the report read.

The report also indicated that CBDCs may revolutionize the banking financial system, but before going live they would need to be thoroughly vetted and also accompanied by further regulation.

Technology improvements dont mean private sectors will be allowed to have the rights for money issuance. If this happens, the BOK should regulate them but properly, Kwon said in the report.

BOKs Focus

According to the financial authority, the BOKs focus with regards to digital currencies has been to protect the interests of consumers, seek greater financial stability, and attempt to prevent coins fro...

07:15

JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark News CCN

The Commodity Futures Trading Commission (CFTC) on Monday slapped JPMorgan Chase Bank with a $65 million fine for attempting to manipulate the value of a US Dollar benchmark index. JPMorgan Busted for Trying to Manipulated USD Benchmark According to the CFTC, JPMorgan traders repeatedly attempted to manipulate the US Dollar International Swaps and Derivatives Association Continued

The post JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark appeared first on CCN

07:10

This Japanese Village Is Planning Its Own ICO CoinDesk

A Japanese village is launching the country's first Initial Coin Offering (ICO) on the municipal level.

07:09

How Next Generation Blockchain Technology Is Revolutionizing Medicine "IndyWatch Feed World"

When people talk about blockchain they often do so within the context of cryptocurrencies like Bitcoin and Ethereum. But the blockchain revolution isnt just about people being able to easily transfer money back and forth to each other without interference from banks or governments. The technology is advancing so rapidly that it is quickly being adopted by major corporations like Google and Amazon into a wide array of industries.

And, as Robert Galarza, CEO of publicly traded BLOCKStrain Technology (DNAX.V) explains in a recent interview with SGT Report, it is also being used for advanced medical applications related to genetics verification. In the case of Galarzas company, blockchain tech is focused on newly regulated marijuana markets in the United States and Canada, where systems to track and verify the genome of specific plants create total trust, protection and legitimacy for breeders, growers, and distributors in a market that has long operated in the shadows.

And with President Trump now considering lifting the Federal ban on marijuana and leaving States to create their own regulations, technology that protects consumers cant come soon enough.

With BLOCKStrain, users of marijuana, whether for medical or recreational reasons, will now have a way to ensure that the product theyre consuming is exactly what its supposed to be:


(Watch At Youtube)

There are no standards and thats a scary proposition when youre looking at the biochemical and chemistry effects that this plant has when literally two batches of the same product from the same mothering plant can yield two separate products with different THC and CBD levels

The problem there is if youre taking it medically for example,  sometimes there are people with heart conditions that get on a high level Sativa with high level THC and they can go into respiratory failures

There are a lot of factors that go into needing to make sure that you have even from a legal source.. an understanding of what youre putting in your body.

The black market in this industry taints a lot of product Thats a scary thing and that...

07:00

Jack Dorseys Square Obtains Ninth BitLicense Ever NewsBTC

Payments company Square, a side venture of Twitter CEO Jack Dorsey, is the ninth firm to have obtained a BitLicense by the New York State Department of Financial Services. Bitcoin purchases first became available on its app in other states in January, but revenue has barely covered the costs in Q1 2018.

Square Becomes Ninth Firm to Obtain BitLicense from New York State

Jack Dorsey, co-founder and CEO of Twitter and avid cryptocurrency enthusiast, was able to obtain a license to operate virtual currency activities in the New York State for its other venture, mobile payments firm Square. Not many companies hold a BitLicense. Square became the ninth firm after the first being issued in September 2015 for Boston-based Circle, according to a report from Business Insider.

Blockchain remittance network Ripple was the runner-up, being granted a license in July 2016, followed by cryptocurrency exchange Coinbase in January 2017. Later that year, Tokyo-based bitFlyer obtained the fourth BitLicense and Genesis Global Trading was awarded the fifth in May 2018. Recently, the New York State seems to have become fertile ground for the issuance of charters as June 2018 saw Hong Kong-based Xapo being granted the sixth license just days before Square.

The New York State Department of Financial Services conducted a comprehensive review of Squares anti-money laundering, anti-fraud and cybersecurity policies, before providing the license. A BitLicense is required for any company whose business includes receiving, storing, holding or maintaining custody or control of virtual currencies. Buying and selling, as well as performing exchange services, controlling, administering, and issuing cryptocurrencies are also prohibited without the license.

Square, who sells devices for small and medium enterprises (SMEs) to accept credit card payments, has enabled users to buy and sell Bitcoin in its Cash App since January in a few U.S. states. Dorsey said the move had been a pretty contentious move within the company in a conference last month, where he explained that openness to Bitcoin remains a source of internal tension within the company. Its new Bitcoin offering channeled $34.1 million in revenue in Q1 2018, but the $33.9 million in costs left a narrow margin for profit. Its most recent earnings report in May attributed the profit to price fluctuations of Bitcoin.

A Bitcoin enthusiast, Dorsey believes cryptocurrencies are an opportunity...

06:18

Ukraine Arrests Suspects Tied to Fraudulent Crypto Exchanges

Ukrainian authorities have arrested four people suspected of counterfeiting counterfeit crypto-exchanges, the nations federal police force announced Saturday. The National Police of Ukraine claimed in a news release that the suspects have been arrested for operating as much like six fraudulent cryptocurrency exchange platforms. Cybercrime officials are still looking at sites to determine how much money has been stolen from investors. The four suspects allegedly created web sites which imitated legitimate cryptocurrency exchanges, targeting investors which were intrigued in buying tokens. The suspects further asked the victims to transfer funds into digital purses registered under forged identification documents throughout the fake trading sites, in accordance with the police.

As part of the investigation, officials confiscated computers, flash drives, bank cards and mobile cellphones which were utilized by the suspects. Ukrainian police have begun criminal proceedings under Section 3 of Article 190 of Ukraines Criminal Code, according to statements. The move marks among the first important efforts of the country to protect their internal cryptologic ecosystem, following a previous movement to form a brand new working group to regulate cryptocurrencies, as previously reported by CoinDesk. During a January meeting, National Security and Defense Council chief Oleksandr Turchynov said that a lack of regulation around the technology is a threat to Ukraines economics and security. Ukrainian Flag image by Shutterstock. A leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
press release
reported
Shutterstock
strict set of editorial policies

06:16

US Ethics Office: Government Officials Must Disclose Crypto Holdings

Those working for the executive branch of the U.S. Government must reveal their encryption holdings, officials said Monday. In the legal council, published on Monday, U.S. Office of Government Ethics clarified that digital currency is property held &hellip, for investment or the production of income instead of a real currency or legal tender. Consequently, the OGE will now require executive branch employees to report holdings of digital currency because, as outlined later in the release, they might create a conflict of interests for employees who own it.. The requirement of disclosure is an important step requiring members of U.S. Executive branch officials working for the White House and also a galaxy of federal agencies at uncover their crypto holdings.

Earlier this year, a member of the U.S. Congress submitted a request seeking comparable requirements for federal lawmakers. The OGEs document also specifically makes mention of first coin offerings, or the sale of tokens prior to the launch of a certain network. Further, the reporting and conflict of interest principles set forth herein also apply equally to other digital assets, like Coins or tokens received in connection with first coin offerings or issued or distributed using dispersed ledger or blockchain technologies, the OGE wrote. Whilst document does not establish when the process started, the OGE suggested that he moved to carry out guidance because the government representatives have been increasingly seeking guidance from their ethics officers regarding their financial disclosure reporting obligations..

Notably, the OGE suggested that Mondays release might not be the final word on this issue. In the future, officials wrote, activities by other government agencies could put the boards into doubt and need further study. Given the evolutionary nature of the virtual currency, other regulatory agencies might Issue additional findings or guidance that offer Further information on how these assets should be treated for the purposes of the EIGA, the OGE said. Image via Shutterstock. A leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
released Monday
submitted a petition
strict set of editorial policies

06:14

Square Receives NY BitLicense, Cash App Now Offers BTC Trading for New York Users Cointelegraph.com News

Square receives NYC BitLicense, New York Cash App users now able to buy and sell Bitcoin

06:10

Financial Services Provider Square Acquires New York Bitlicense Bitcoin News

Financial Services Provider Square Acquires New York Bitlicense

The company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its Cash App are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York.

Also Read: Cryptocurrency Brokerage Service Genesis Global Granted Bitlicense

Square Has Obtained the New York Bitlicense

 Financial Services Provider Square Acquires New York Bitlicense The Square Cash App was offered to most U.S. states this past February and now the company can operate in the state of New York. Users can purchase and sell Bitcoin Core (BTC) from within the app.

Square, Inc. is a payment processor and financial services provider that was launched in 2010. The San Francisco based company was founded by...

06:00

The Worlds First Play Funded By Bitcoin is Coming to London NewsBTC

Londons Trafalgar Studios is to play host to the first theatre production funded by Bitcoin. The play is titled Silk Road (How to Buy Drugs Online).

Bitcoin-Funded Play Focuses on Early Dark Web Use of Cryptocurrency

The show that was first conceived back in 2014 will premiere in August. It was written by Alex Oates and became the first production to receive funding in cryptocurrency. An anonymous backer contributed an unspecified amount of Bitcoin four years ago. This has allowed Oates to take the play to its first showing at the Edinburgh Fringe. This was followed by a second showing at VAULT Festival.

However, 2018 will be the first time that Silk Road (How to Buy Drugs Online) will have its own residency at a theatre. Londons Trafalgar Studios will host the production between August 7 and September 1. Just as with its earlier showings, Dominic Shaw will be directing the title this time around.

According to local news source the Standard, Oates is particularly excited about taking the production to a new venue:

Back in 2014, Bitcoin was a bit of a novelty so I couldnt be more thrilled that Silk Road (How to Buy Drugs Online), which was initially made possible through an anonymous donation of Bitcoin, is back with a run at Trafalgar Studios this summer. It seems clear that Bitcoin is here to stay and it was a great honour to be the first play funded by cryptocurrency it undoubtedly wont be the last.

The story itself is based around a young technology enthusiasts dealings with dark web drug dealers and gangsters. Bruce Blakemore is played by Josh Barrow and in his pursuit of an intriguing technology, he manages to get himself and his grandmother deep into the criminal underworld.

According to the Standard, the production of Silk Road (How to Buy Drugs Online) was inspired by the stories of real dark web drug vendors. Apparently, Oates has attempted to explore the impact of a completely unregulated internet through his work.

Productions such as this one highlight a Bitcoin maturing as the financial innovation moves further into public vernacular. Weve previously reported on the likes of  The Ellen Gegeneres Show, as well as Conan OBrien and Seth Meyer mentioning Bitcoin on various prime time shows.

Whilst there is no such thing as bad publicity, these shows have done little to champion the financial innovation. They often refer to it as if it were overly technical, impossible to understand, or that is used exclusively by hackers and criminals. Fro...

05:59

Op Ed: The Rise of Cryptocurrency Securities Lawsuits Bitcoin Magazine

The Rise of Cryptocurrency Securities Lawsuits

As the cryptocurrency market develops and grows, cryptocurrencies have become the subject of an increasing number of securities lawsuits. This year alone, more than 10 cryptocurrency securities lawsuits have been filed in federal district courts throughout the country.

While regulations and laws governing the cryptocurrency market continue to develop, recent activity involving cryptocurrency has raised a host of questions concerning investor protections. As federal and state regulators and policymakers grapple with how to regulate digital currencies, some investors have sought protection through securities lawsuits.

Based on the number of lawsuits filed to date and the recent decline in the price of cryptocurrencies, such litigation will likely increase in volume in the coming year. Investors should be aware of recent cryptocurrency case law to safeguard their rights and preserve their legal remedies. A selection of recent securities lawsuits against five cryptocurrency companies is highlighted below to illustrate some of the typical cases in which investors have found reason to pursue legal action against cryptocurrency companies.

Longfin: Precipitous Drop in Stock Value After Disclosure

Longfin Corp., a global cryptocurrency company, was a pure stock scheme. On April 9 and April 19, 2018, two classes of investors sued Longfin and its top officers for allegedly violating Sections 10(b) and 20(a) of the Securities Exchange Act. The investors allege that Longfin misrepresented the location of its primary offices and the identity of key employees in its public statements; had numerous material weaknesses in its operations and internal financial reporting controls; and was ineligible for inclusion in certain stock indices.

The investors allege that when this information was made public, Longfins stock value declined more than 86 percent in two weeks. The investors are attempting to recover damages associated with the decline in stock value.

Takeaway: This case is an example of a cryptocurrency companys shares plummeting after company executives disclosed financial information to the public. Prospective investors should be wary of giving too much credibility to unsubstantiated statements made by cryptocurrency companies and should be selective when determining the trustworthiness of sources.

Nano: Danger of Foreign Exchanges and Hacks

Nano, a U.S.-based blockchain developer and cryptocurrency issuer, was involved in a hack scandal. On...

05:40

Report: CIA Neither Confirms nor Denies Knowledge of True Identity of Satoshi Nakamoto "IndyWatch Feed World"

The U.SCentral Intelligence Agency (CIA) has neither [confirmed] nor [denied] the existence of information regarding the real identity of Bitcoin creator Satoshi NakamotoMotherboard reported June 14.

Motherboards Daniel Oberhaus, who mainly covers topics on physics, space, cryptocurrency, and the future of energy, submitted a Freedom of Information Act (FOIA) request to the Federal Bureau of Investigation (FBI) and to the CIA, requesting information regarding the identity of Satoshi.

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05:25

R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter News CCN

The chief executive of R3 is striking back at a recent report that the enterprise blockchain startup is hemorrhaging cash and is well on its way to bankruptcy. Writing in an official statement on the R3 blog, David E. Rutter said that the firm which has raised more than $120 million over multiple funding Continued

The post R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter appeared first on CCN

05:15

Updated Edition of Blockchain Revolution Fills In Some Big Gaps Bitcoin Magazine

Updated Edition of Blockchain Revolution Fills In Some Big Gaps

When Blockchain Revolution came out, bitcoin was worth around $7 billion. Today, its more than twenty-two times that. Bitcoin is the workhorse of the cryptocurrency world and the cryptocurrency that launched a thousand ships.

So reads part of the preface in the newly-released second edition of Blockchain Revolution by the father-and-son team of Don Tapscott, founder and executive chair of the Blockchain Research Institute (BRI), and Alex Tapscott, founder and CEO of NextBlock Global, a digital asset company.

The first edition of Blockchain Revolution, published in May 2016, has been translated into 15 languages, is a bestseller in five Asian languages and remains Amazons number one selling book about blockchain technology.

Two years in the crypto world is a lifetime, so theres lots of catching up to do in the second edition which contains a lengthy preface with plenty of new material, including information about tokens (utility, security, natural asset and commodity), a whos who of the crypto world, leading companies in the space, instructions for leading crypto companies and their managers, and the leadership of nations.

Predicting a rosy future for bitcoin, the new edition notes that bitcoins impact on culture and the economy in the last two years has been extraordinary and points out that the remarkable price rise since 2016 means bitcoin has become an asset class too big for investors to ignore.

The attitude on the part of banks has changed since 2016 when blockchain good, bitcoin bad was the dominant ethics. Now even Goldman Sachs and JP Morgan are getting into the cryptocurrency market.

Noting bitcoins continuing success, the authors say:

With the launch of the Lightning Network and other scaling solutions in 2018, bitcoin may also fulfill the promise of its most ardent supporters and obliterate the need for traditional financial intermediaries.

Top 10 Crypto Leadership Countries

The new second edition names 10 leadership nations who are best placed to lead the blockchain revolution and build the new innovation economy.

Alphabetically the countries are: Australia, Canada, China, Dubai (United Arab Emirates), Estonia, Singapore, Sweden (Stockholm and the Node Pole), Switzerland (Zurich and Zug), United Kingdom (London) and the United States (New York City and Silicon Valley).

Each country is briefly assessed with suggestions on how to move forward.

Silicon Valleys important role is noted, but the authors also s...

05:14

Blockchain Gaming Company Launches Free Fantasy World Cup Tournament with $135K Prize Pool Cointelegraph.com News

A blockchain-based gaming company is teaming up with a fantasy sports giant to offer free tournaments with a prize pool of $100,000 in crypto and $35,000 cash throughout the World Cup #SPONSORED

05:00

Cryptocurrencies Perform Worse as They Grow More Popular, BIS Report Claims NewsBTC

There are plenty of different opinions on cryptocurrencies. It is difficult to find the true metric to determine their success. According to the Bank of International Settlements (BIS), there isnt any real growth. In fact, BIS claims the performance of cryptocurrencies worsens as the currencies grow more popular.

BIS Has Strong Opinions

It is a well-known fact how banks and financial institutions dislike Bitcoin. This trend became apparent many years ago and still remains in place today. Bar a few exceptions, it seems unlikely any overarching institutions will give cryptocurrencies the benefit of the doubt. For the BIS, that is quite visible as of right now.

In a recent statement, BIS confirmed they are keeping tabs on the performance of cryptocurrencies. More specifically, they have been tracking how currency growth correlates to performance. The current result is not all that great, according to BIS. In fact, its latest annual report claims how the lack of blockchain scaling hinders growth in this industry.

Furthermore, the institution also questions the finality of payments. In its report, BIS claims a cryptocurrency can simply stop functioning. A valid comment, especially where the smaller-cap currencies and tokens are concerned. When it comes to Bitcoin, Ethereum, and others, such developments remain highly unlikely.

Improving the Current Infrastructure

BIS is also not a big fan of the mining aspect. The costly energy use associated with this process creates an environmental disaster. Such claims have been made in the past when Bitcoin was far less successful. Even so, it seems these drawbacks are not sufficient to hinder the growth of cryptocurrencies.

At the same time, the report makes no mention of Bitcoin mining using renewable energ...

04:53

US Ethics Office: Government Officials Must Disclose Crypto Holdings CoinDesk

Those working for the executive branch of the U.S. government must disclose their cryptocurrency holdings, ethics officials said Monday.

04:47

Japans Self-Regulatory Crypto Exchange Body to Release Voluntary Rules, Report Says Cointelegraph.com News

Japans self-regulatory crypto association will reportedly release guidelines on June 27th, banning insider trading and the listing of anonymous coins

04:20

Ukraine Arrests Suspects Tied to Fraudulent Crypto Exchanges CoinDesk

Ukrainian authorities have arrested four individuals suspected of operating fake cryptocurrency exchanges.

04:18

Bank of Korea: Central Bank Cryptocurrencies Pose Moral Hazard

South Koreas main bank has declared that it doesnt plan to launch its own electronic money over fears it might destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a main bank electronic currency could pose a moral danger by adversely impacting financial policy and its execution, and maybe cause instability in the marketplace as it efficiently doesnt function like fiat money. More than that, the Bank of Korea went up to state that digital currency dont function as money, in a brand new report. Whilst the main bank set out to examine the feasibility of utilizing digital monies as currency, our thoughts are that electronic currency have been exposed to several categories of risk associated with liquidity, credit that the BoK is the only accounts.

Looking more broadly, the unrestricted issuance of the traditional and electronic currency could bring social prices that the BoK is the only crucial that the BoK is the only thing to completely control the issuing of cash. The main bank is not completely negative on CBDCs, but must be thoroughly tested before being. Still, theyd must be thoroughly tested before being accepted. According to Yonhap, adding that the government personal issuance of electronic monies, according to Yonhap, adding that the government must sectors will be allowed to have the rights for money issuance subtract sectors will be allowed to have the rights for money issuance.

Technology improvements do not mean personal sectors will be allowed to have the rights for money issuance. The leader in blockchain news, CoinDesk is a media outlet that must govern them properly, Kwon said. The main leader in blockchain news, CoinDesk is a media outlet that. Korean won 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 subsidiary of the Digital Currency Group, which invests in cryptocurrency and blockchain startups.

Sources:
coindesk.com
The Korea Times
Yonhap
Korean won
strict set of editorial policies

04:17

EOS Vulnerability Will Lead to Massive Exchange Hack, Predicts Cornell Blockchain Researcher News CCN

The EOS network has barely processed its first blocks, but one blockchain researcher is already predicting that an as-yet-undiscovered vulnerability in the nascent cryptocurrencys codebase will lead to a massive exchange hack within the near future. Writing on Twitter, Cornell professor Emin Gn Sirer forecasted his belief that EOS, which launched last week following a Continued

The post EOS Vulnerability Will Lead to Massive Exchange Hack, Predicts Cornell Blockchain Researcher appeared first on CCN

04:16

Binance Backs Malta Stock Exchanges Startup Accelerator

The Malta Stock Exchange announced today that Binance, among the worlds leading cryptocurrency markets, is financing its newly established program to support fintech startups and entrepreneurs. Known as a very small archipelago between Sicily and the North African shore, Malta, along with a lot of other microstates including Bermuda, Liechtenstein, Gibraltar and San Marino, have joined the race in the latest years to pull blockchain and crypto businesses. The MSX Fintech Accelerator is targeted at creating an ecosystem to nurture and support crypto startups and entrepreneurs, in accordance with the Malta Stock Exchanges announcement. The accelerator provides professional business services such as in the house of accounting, payroll, and post space.

In addition to Binance, the stock market Thomson Reuters added to its own list of mentor organizations. Joseph Portelli, the president of the Malta Stock Exchange, said that the app has guaranteed easy access for both domestic and overseas businesses. Its clear that Malta is becoming a fintech and blockchain centre of excellence, added Portelli, following the announcement of the partnership. The markets official Twitter account tweeted this morning itll be accepting up to 12 Fintech startups to use the facilities from the recently established program. We moved our operations to Malta just because its demonstrated its progressive approach to encouraging and developing the crypto and blockchain market.

Malta is developing a secure and the legislated environment for the business to become reputable, bring businesses like ours and several others, Binance said in a statement. 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.

Sources:
coindesk.com
the race
tweeted
strict set of editorial policies

04:15

Six Alternatives to an Initial Coin Offering Bitcoin News

Six Alternatives to an Initial Coin Offering

Last summer, ICOs could do no wrong. But by 2018, the acronym had been relegated to the realm of the unmentionables, a place normally reserved for the most offensive cuss words and the name of Harry Potters antagonist, Voldemort. In many circles, ICO has become a dirty word. In its place has come a range of creative alternatives, each designed to improve on the model and nomenclature of the much derided Initial Coin Offering.

Also read: This Village Decided to Launch Japans First Municipal ICO

ICOs Are So Last Year

Whenever a new musical movement emerges punk; nu-metal; emo bands lumped into the genre rush to distance themselves from it. Something similar has happened with ICOs: everyones in them, but no one wants to admit to being in them. Instead, we have the spectacle of projects dressing their ICO up as a token generation event and other euphemisms.

Some of the alternative nomenclature is an attempt to avoid legal repercussions (You cant charge us with running an unregistered ICO if we didnt call it an ICO!), but more often its an attempt to avoid being tarred with the same brush as the scammy ICOs that have ruined the name for everyone. Then there are the crowdsales whose alternative name reflects a genuine desire to provide an alternative means of raising capital in which everyone gets a bite of the cherry. What follows is six alternatives to the tried, tested, and tired ICO.

STO

...

04:05

Email Scams, Patched Loopholes, and Backroom Politicking: EOS Mainnets Road to Launch Cointelegraph.com News

Worth the trouble? The EOS mainnet is finally operational as the community elects a pool of Block Producers and overcomes a freeze

03:41

Crypto Markets See $13 Bln Price Spike in One Hour, Despite Negative BIS Report Cointelegraph.com News

Crypto markets experience solid gains today, despite news of a scathing report on crypto from the Bank of International Settlements

03:30

PR: GIN Hits Three Milestones in One Week Cryptopia Listing, PIVX Addition and Investor Dashboard Debut Bitcoin News

GIN Hits Three Milestones in One Week - Cryptopia Listing, PIVX Addition and Investor Dashboard Debut

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

The still young GINcoin cryptocurrency continues its ascension in the crypto market. With its rapid development, the project is ticking three important boxes last week: getting listed on Cryptopia, adding PIVX to the turnkey masternode deployment platform, and launching an all-in-one Investor Dashboard, where masternode owners can keep a close eye on all of their masternode investments.

PIVX masternodes can now be deployed on GINs masternode platform

Since its launch, the GINcoin platform has become the go-to utility tool for anyone looking to set up a masternode, regardless of their technological knowledge. By constantly adding coins to the platform, they enabled masternode enthusiasts to easily diversify their portfolio.

The team worked out a two-lane highway for listing coins on the platform: one focusing on the well-established projects in the masternode field, the other giving every coin available the opportunity to apply to be listed and afterwards being subjected to a community vote. The first one has led to its first major breakthrough, pushing GIN to reach an important milestone: the famous PIVX was just added to the platform.

Cryptopia listing trade pairs available are GIN/BTC, GIN/LTC, GIN/DOGE

GINcoin was launched in February of this year and has developed constantly ever since, by adding more and more altcoins to its masternode deploying platform (https://p.gincoin.io/#!/) and by growing in value steadily. The increase in daily traded volume and the boost of investors interest prompted the team to ensure that the coin was more easily accessible. Hence, the natural step to be made was to get the coin to an additional exchange Cryptopia...

03:17

BitLicense #7: New York Grants Another License to Bitcoin App Square News CCN

Days after granting its sixth-ever BitLicense to cryptocurrency wallet Xapo, New York has approved fintech startup Square to operate in the state, enabling its users buy and sell bitcoin. The New York Department of Financial Services (NYDFS) announced on Monday its formal approval of Squares application for a virtual currency license, also known as BitLicense. Continued

The post BitLicense #7: New York Grants Another License to Bitcoin App Square appeared first on CCN

03:00

Binance Backs Malta Stock Exchange's Startup Accelerator CoinDesk

The Malta Stock Exchange announced today that Binance is backing the exchange's newly launched program to support fintech startups and entrepreneurs.

02:39

CryptoDredge 0.4.1 Nvidia GPU Miner With Faster Lyra2REv2 Performance Crypto Mining Blog

CryptoDredge is a new Nvidia GPU miner that we have recently talked about as it is offering one of the best Lyra2REv2 performance at the moment. It is a closed source miner that support the following algorithms: Allium, Lyra2REv2, Lyra2z, NeoScrypt and PHI1612 and requires Nvidia GPUs with Compute Capability 5.0 or newer (Maxwell or Pascal architecture). There is a 1% developer fee built-in, so make sure you are Ok with these before checking it out if you still havent and make sure to update if you are using the miner already, as it is quite interesting for people mining crypto coins using Lyra2REv2 and Lyra2z algorithms.

02:22

South Indian State of Kerala to Use Blockchain Tech in Food Supply, Distribution Cointelegraph.com News

The government of the South Indian state of Kerala will use a blockchain system to improve the supply and distribution of dairy produce, vegetables and fish

02:17

Freedom of the Press Foundation Now Accepts Donations in 5 Cryptos

The Freedom of the Press Foundation now formally accept donations made with cryptocurrencies, the nonprofit announced Monday. The movement is natural match to the organization, which aims to encourage journalists reporting on topics Within authorities, said Executive Director Trevor Timm. FPF that will currently take bitlock, bitcone cash, ethereum, litecoin and zcash currently has a digital purses available for direct donations. He said, even though the purpose is to finally use a payment processor to automatically convert donations into currency. Decentralized technology is an instrument which may assist in preventing on-line censorship, as well as to prevent surveillance by particular parties, according to Timm.

The decentralized nature of cryptocurrencies, particularly, can mitigate the potential risk of financial censorship by the comparatively small number of traditional payment processors that currently hold a monopoly on finance transfers, he said. Timm told CoinDesk: If cryptocurrencies might lead to more consciousness about censorship, and also do it simpler for potential supporters to encourage nonprofits like the Freedom of the Press Foundation, so I expect numerous other comparable organizations will follow suit in the coming months and years. . We are living in a time when journalists around the globe have never been at greater risk of surveillance, arrest, or worse, and it is incredibly essential that supporters of media freedom have all of the available options to them to fight .

He explained. Perhaps in recognition of the mission, blockchain startup Mainframe has already made the initial crypto donation, sending 1, 000 ether to the foundation. Timm explained that the funds would permit the FPF, which especially has NSA whistleblower Ed Snowden on its board, at enlarge its work, adding that it could even inspire others to donate . Newspapers and string image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Newspapers and chain
strict set of editorial policies

02:16

Payments Firm Square Receives BitLicense From New York

Digital payments firm Square has obtained a BitLicense from regulators in the country of New York. The Business announced Monday that the NY Department of Financial Services given the permit. Square first signaled back in March that itd Submitted paperwork to get a BitLicense, a move afterwards confirmed by a spokesperson. DFS is pleased to approve Squares application and welcomes them in New York, expanding and well controlled virtual currency market. DFS carries on to work in support of a lively and the competitive virtual currency market that connects and empowers New Yorkers in a worldwide market whilst ensuring strong state regulatory supervision is set up, Superintendent Maria Vullo stated in a statement.

Squares bitcoin buying option through its Cash application first surfaced last autumn, after which the company began steadily providing access to a larger number of users. NY had, until today, remained a major U.S. Market where Square had yet to get permission to operate. The companys move into the crypto area has already demonstrated its worth, latest figures show. In May, Square reported that itd Booked a little profit on $34 million in crypto related revenue through is Cash app. Cash App image via CoinDesk. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
announced Monday
later confirmed
first debuted
steadily
strict set of editorial policies

02:15

Bank of Korea: Central Bank Cryptocurrencies Pose 'Moral Hazard' CoinDesk

South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.

02:15

With No One Price Law for Bitcoin, Japans FSA Debates Restrictions on Leverage Bitcoin News

With No One Price Law for Bitcoin, Japans FSA Debates Restrictions on Leverage

The different prices of bitcoin and other cryptocurrencies between countries and exchanges have led investors to seek arbitrage opportunities, a trend noticed by financial regulators around the world. Discussions are underway at the Japanese Financial Services Agency on restricting leverage.

Also read: This Village Decided to Launch Japans First Municipal ICO

Value of Bitcoin up 10% After Sending It Elsewhere

With No One Price Law for Bitcoin, Japans FSA Debates Restrictions on LeverageCryptocurrencies are traded in many countries with varying prices. The value of BTC in Zimbabwe, for instance, is currently 80% higher than in Japan. Hyperinflation has made bitcoin popular in the African country because many of its residents do not trust their own fiat currency.

In stock markets, investors cannot employ arbitrage be...

02:13

Crypto-Loving US Senate Candidate Forced to Return $130,000 Bitcoin Donation News CCN

US Senate candidate Austin Petersen received a $130,000 bitcoin donation but was forced to return it due to federal regulations governing campaign contributions. Petersen, a Republican who is hoping to unseat incumbent Missouri Sen. Claire McCaskill during the mid-term election in November, said that an enthusiastic supporter attempted to donate $130,276 worth of bitcoins (~20 Continued

The post Crypto-Loving US Senate Candidate Forced to Return $130,000 Bitcoin Donation appeared first on CCN

01:30

Payments Firm Square Receives BitLicense from New York CoinDesk

Digital payments startup Square has received a BitLicense through the NY Department of Financial Services.

01:03

Regulated Cryptocurrency Custody Will Bring in Big Money: Hedge Fund Manager News CCN

Anyone who stays in the crypto-space long enough begins to recognize the familiar mantras. Dont invest more than you can afford to lose. Were in the early days of the internet. Adoption is coming. Theyre all valid points, and currently the latter is being held back by lack of regulation and typical financial services, keeping Continued

The post Regulated Cryptocurrency Custody Will Bring in Big Money: Hedge Fund Manager appeared first on CCN

01:00

Freedom of the Press Foundation Now Accepts Donations in 5 Cryptos CoinDesk

The Freedom of the Press Foundation has expanded its donation methods to include five cryptocurrencies, calling the move a "natural fit."

00:17

A16z Leads Investors in $20 Million ICO for Tokenized Assets Platform

Asset tokenization platform TrustToken just raised $20 million in a strategic token sale with the aid Of major venture businesses, including Andreessen Horowitz. The startup announced Monday that the money raised in the financing effort, that was also backed by BlockTower Capital and Danhua Capital, will be utilized to continue developing its platform, which seeks to list different tokens back by physical assets, based on a news release. TrustToken has so far published such a token already a stablecoin called TrueUSD, in accordance with the release. In a statement, TrustToken chief executive Danny a said: . The support of those leading investment firms represent an important step towards our goal of creating a compatible tokenization platform for currency, commodity, and real world assets.

Well draw on the combined expertise and network of those Firms as we grow our business partnership and expand the scope of our first product, TrueUSD.. The funds will also help TrustToken enlarge its legal, production and engineering departments, in accordance with the release. Ari Paul, controlling your stresses Partner in BlockTower, spoke to the possibility of blockchain technology and numerous reasons for the investment in a statement, saying that tokenization of real world assets will produce value much in the same way that equitization did.. We may now buy the fractional property in a basket of commercial office buildings or commodity via equity instruments, he continued.

Tokenization will further reduce friction in asset trading and possession.. U.S. Dollars image via Shutterstock. A leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
U.S. dollars
strict set of editorial policies

00:16

Origin Token to Raise $6 Million in CoinList Investor ICO

Decentralized market startup Origin Protocol is looking to expand its audience, as well as raise more capital, through a consistent symbolic sale. Announced Monday at a news release, Origin has set a target of $6.6 million to the offering, with SEC registered CoinList Capital behaving as investment advisor and issuing platform. Origin co creator Josh Fraser said that, more significant than the money, it will be an opportunity to cultivate its network with endorsement from CoinList, an AngelList spin off. The startup wants as many individuals to participate as possible, he told CoinDesk. Fraser continued. There is so many scammy projects out there, and so anything you may do to set yourself apart is like we said wed, he said.

Fraser noted that the basic question the provider is asking is whether or not open source protocols might replace not one, not two, but dozens of major businesses. We are creating a platform for sharing economics type marketplaces. Looking at how you are able to construct decentralized Uber, decentralized AirBNB these markets where people could use a blockchain to make peer-to peer marketplaces as opposed to utilizing giant corporations and monopolies, he said. Toolbox picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
$28 million
$3 million
Toolbox
strict set of editorial policies

00:14

Japans SBI Crypto Exchange Adds Two Major Cryptocurrencies Bitcoin News

Japans SBI Crypto Exchange Adds Two Major Cryptocurrencies

Japans SBI Virtual Currencies has added support for two major cryptocurrencies in addition to the one trading pair that its crypto exchange service, Vctrade, launched with. Users who pre-registered prior to the launch can now trade BTC, BCH, and XRP against the Japanese yen.

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

BTC and BCH Trading Now Supported

SBI Virtual Currencies, the cryptocurrency exchange subsidiary of one of Japans largest financial services groups, has announced support for two major cryptocurrencies. Starting Monday, June 18, customers can start trading BTC/JPY using the exchanges Vctrade service. This is in addition to the BCH/JPY trading pair which the exchange started offering on June 8.

...

00:02

Early Bitcoin Developer Jeff Garzik Launches New Altcoin Metronome News CCN

Jeff Garzik, one of the earliest Bitcoin developers, has formally launched an altcoin, dubbed Metronome, which backers allege will be the first cryptocurrency to offer institutional class endurance. Metronome had first been announced by Bloq, Garziks blockchain development firm, back in Oct. 2017, when the cryptocurrency market was in the early stages of a parabolic Continued

The post Early Bitcoin Developer Jeff Garzik Launches New Altcoin Metronome appeared first on CCN

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Monday, 18 June

23:13

Bancor Launches Community Token Network to Combat Poverty in Kenya Cointelegraph.com News

Bancor, the worlds largest decentralized crypto exchange, is launching a network of blockchain-based community currencies in Kenya aimed at combating poverty

23:03

Bitcoin Miners in Chinas Remote Regions are Undeterred By Restrictions News CCN

Though Chinese authorities have previously taken various measures aimed at curtailing the trading of cryptocurrencies, the mining of Bitcoin has continued unabated in some of Chinas remote parts according to a Nikkei Asian Review report. These regions enjoy excess electricity supply capacity and are considered poor relative to the economic powerhouses of Beijing and Shanghai.

The post Bitcoin Miners in Chinas Remote Regions are Undeterred By Restrictions appeared first on CCN

23:00

Paris Hiltons Father to Sell 16th Century Roman Mansion Via Blockchain Auction NewsBTC

In the latest crypto mansion sell-off, Hilton and Hyland, the real estate firm chaired by Rick Hilton, the father of reality TV celebrity Paris Hilton, has announced that the sale of a 16th century Roman mansion will be conducted on the blockchain.

Roman Mansion to be Auctioned off on Blockchain

The historic property set in the center of Rome was originally designed by the architect Giacomo Della Porta who was a contemporary of and collaborator with Michelangelo. Known as The Palazzetto, the landmark home with 11 bedrooms and 15 bathrooms will be listed by California based Propy.com, a global property store, and decentralized title registry.

There were reportedly twenty home sold for cryptocurrency in 2017 and already more than that this year. Most notably a seven-bedroom Miami estate purchased with 455 bitcoins, an equivalent value of $US6 million. Rick Hilton commented on the planned sale saying The auction shows real estates growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset,

The estimated sale price for The Palazzetto is $35 million which will make it by far and away the most expensive property to be sold for cryptocurrency and the most valuable listing ever handled by Propy which completed the first ever real estate sale for crypto in Ukraine in 2017. The company which calls itself the first international real estate market allows clients to purchase property online and uses blockchain technology to eliminate many of the hurdles encountered in cross-border transactions.

Blockchain used to Secure Land Titles for the Rich and Poor

In March Propy became the first ever company to execute a US government sanctioned use of blockchain for a public service when it facilitated the sale and deed transfer of a home in Burlington, Vermont via the Ethereum network.  CTO Alex Voloshyn was quoted at the time as saying,

Were ready to help US counties and other countries set up the blockchain registry for free. The developer program helps us accelerate the platforms growth and ultimately give more governments the chance to integrate their land registry on Blockchain

Blockchain technology isnt only being used in the luxury real estate market though as developing countries look to the benefits of an immutable registry to record disputed land titles. Countries in Africa, Asia and South America where up to 90%...

23:00

Origin Token to Raise $6 Million in CoinList Investor ICO CoinDesk

Decentralized marketplace startup Origin Protocol is looking to raise $6.6 million via a token sale with help from CoinList.

22:15

UK Financial Game Show Uses Comedy & Bitcoin to Entertain, Inform Bitcoin News

UK Financial Game Show Uses Comedy & Bitcoin to Entertain, Inform

Who is the richest person in the world? Who said, It costs a lot of money to look this cheap? Where do they drink the most alcohol per capita? Ireland, Scotland, Russia or France? Readers who immediately answered just might be perfect guests on Dominic Frisbys Financial Game Show, launching in the United Kingdom. Prizes include standard fiat payouts, but the show is also offering prizes in bitcoin cash (BCH) and even silver bullion.

Also read: Star Trek Icon Joins Bitcoin Mining Revolution

Game Show Offers Prize Money in Bitcoin Cash

A recent announcement blogged by famed UK financial guru, Dominic Frisby, explained he is host and quizmaster in [a] classic gameshow full of fascinating financial facts. Contestants from the audience (willing volunteers only) can win big prizes including 500 in cash there is 500 to be won every show solid silver and bitcoin cash. Games range from higher-lower for house prices to to high-pressure quiz questions with the 500 jackpot at stake. Exciting, informative, amusing.

Dominic Frisby is a well known author on things financial, including Bitcoin: the Future of Money? (praised by no less than Sir Richard Branson). Hes also something of a television star, hosting very popular shows on financial literacy such as Lets Talk About Tax, blending both finance and humor. Indeed, he bills himself as the worlds only financial expert and comedian.

...

22:15

Bitcoin Recovery Stalls Raising Risk of Price Drop

Bitcoin (BTC) is once more facing a fall to (or below) $6,000, with short- and long-duration graphs being coordinated in favour of the bears.
The cryptocurrency found acceptance over the key resistance of $6,425 (Apr 1 reduced ) in the second 50 percent of a week ago, increasing the prospects of a corrective rally towards the $7,000 mark.
Further, while a drop to $6,000 following a bear flag breakdown on Friday seemed probable, losses were cut short at $6,300, signaling bearish exhaustion.
On the other hand, the leading cryptocurrency didnt find any takers over the weekend, leaving trading flat-lined over $6,500.
Courtesy of the fall from $6,573 (Sundays high) to $6,370 (todays low), the short duration charts have now turned bearish. In the mean time, the long duration graphs continue calling a bearish move.
As of writing, BTC is changing hands at $6,430 on Bitfinex down 1.3 per cent over twenty four hours and can be looking southwards.
4-hour chart

BTCs fall to $6,370 earlier today confirmed a downside break of the pennant a bearish continuation pattern suggesting the sell-off from the top of $7,638 has declared.
Consequently, the cryptocurrency might slide to $5,820 (target as per the measured height procedure, i.e. the distinction between the pennant low and large subtracted from the breakdown price).
The moving averages (MAs) are also biased bearish, with the 50-candle, 100-candle and 200-candle MAs all trending south.
Further, the relative strength index (RSI) is struggling to grow above 50.00 (into bullish territory).
Daily chart

BTC stays trapped inside a declining channel, the RSI stays below 50.00 (in bearish territory) and the 10-day MA is falling (bearish).
Weekly chart

The 5-week and 10-week MAs are losing elevation, signaling a bearish setup and adding credence to the pennant breakdown.
The 10-week MA is about to cross the 50-week MA from over (bearish crossover) for the very first time since Sept 2015.
View

BTC will probably test $6,000 this week and could stretch losses further towards $5,820.
On the other hand, a convincing break above $6,618 (resistance seen in 4-hour chart) would open up upside towards the 5-week MA, currently situated at $6,943.
Only a weekly close above $7,959 (50-week MA) would abort the long-term bearish perspective.

Dice picture via Shutterstock

The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
...

22:09

Cryptocurrency Volume Drops To A Two-Month Low, Should You Be Worried? NewsBTC

Cryptocurrency volumes have dipped to a two-month low, with levels resembling those seen earlier this year during Aprils downtrend. But what does this mean for the market in general?

Is Volume An Viable Indicator?

As of June 18th, exchange volume has collectively dropped under $10 billion dollars, with these levels being seen in early April. 

The collective exchange volume is currently down over 80% since the large influx seen in early January, which topped out at a staggering $68 Billion in 24 hours. Tom Lee called this absurd amount of volume an abnormal figure, believing that Januarys volume should be of no comparison to todays volume.

Nevertheless, trading volume present with a specific asset, or asset-class, has long been held as a significant indicator of the markets interest in an asset.

With some critics keeping this ideology in mind, they have suggested that investors are losing interest in the industry, and quick too. Despite these fears, cryptocurrency and blockchain development is still at all-time highs, with countless institutions piling on to the cryptocurrency bandwagon.

Just last month, IBM announced that they are planning to create a cryptocurrency in collaboration with a carbon-credit startup. Seeing such a large technological player get its feet dipped into the cryptocurrency market has produced some bullish sentiment, as some predict that this cryptocurrency will reach wide-spread adoption as a carbon-credit alternative. 

Additionally, regulatory fears have slowed as governmental bodies have eased their previously relentless pressure on the industry. Although these announcements have not caused the expected surge in exchange volume, some expect that volume has moved to the more secretive OTC exchanges. 

Has Volume Moved To OTC Exchanges?

Over-the-counter trading has become a reoccurring practice for larger institutions, which is a statistic CoinMarketCap does not register.

This may be due to the fact that most exchanges, whether large or small, do not have enough liquidity to support hundreds of millions of dollars worth of trades....

22:00

Not Sold On Blockchains for Business? Just You Wait CoinDesk

The seemingly banal enterprise applications for blockchain we're seeing, like food traceability, are actually a big deal and worth celebrating.

21:48

Korean Authorities Admit to Postponing Cryptocurrency Regulation Because it Legitimizes Market News CCN

Authorities have admitted that the South Korean government had postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the government legitimizing the cryptocurrency market. Government is Aware Regulation Will Legitimize Market Last week, CCN reported that the government of South Korea and its financial agencies including the Korea Financial

The post Korean Authorities Admit to Postponing Cryptocurrency Regulation Because it Legitimizes Market appeared first on CCN

21:30

A16z Leads Investors in $20 Million ICO for Crypto Assets Platform CoinDesk

TrustToken, which aims to put tokenized assets on a blockchain, raised $20 million in a strategic token sale with help from Andreessen Horowitz.

21:10

Crypto Not Scalable Enough to Be Money, Says Bank of International Settlements Cointelegraph.com News

The Bank of International Settlements says crypto cant function as money, given it lacks scalability, stability of value and trust in the finality of payments

20:53

Trial of Lightning Fast Protocol That Can Handle 60,000 Transactions Per Second Has Begun Cointelegraph.com News

The company behind a new lightning fast protocol says it can process more than five billion transactions a day, all while offering low fees #SPONSORED

20:38

Cryptocurrency Market Declines $5 Billion, Bitcoin Price Fairly Stable at $6,450 News CCN

The cryptocurrency market has dropped by $5 billion over the past 24 hours, from $282 billion to $277 billion. Most major cryptocurrencies including Bitcoin have declined by 1 to 2 percent but did not demonstrate any major movement on both the upside and downside. Bitcoin and Ethereum outperformed the top 10 cryptocurrencies with a slight

The post Cryptocurrency Market Declines $5 Billion, Bitcoin Price Fairly Stable at $6,450 appeared first on CCN

20:28

Two Major Russian Banks to Offer Crypto-Based Fund for Retail Investors Cointelegraph.com News

Major Russian banks Sberbank and Alfa-Bank reportedly testing new crypto-based investment fund to include Bitcoin, Ethereum and Litecoin

20:18

Insurance Group B3i Endorses R3s Corda Blockchain Platform

The worlds largest blockchain insurance consortium will use Cordas R3 platform to build its upcoming products, the company announced Monday. The Blockchain Insurance Industry Initiative, The independent company founded by Allianz, Aegon and Swiss Re, and supported by AIG and AIA, will use the platform to advance a prototype reinsurance blockchain, in addition to use a smart contract system to reduce paperwork, based on a news release. B3i reasoned that the Corda platform offers the best blockchain alternative available, providing a firm Foundation for B3i to effectively deliver business value to its customers after a comprehensive review of available open source blockchains, in accordance with the release.

In accordance with the news release, complete integration of Corda nodes is likely be activated in professional and compliant IT environments which are utilized by B3is clients. R3 that is its own consortium of banking companies established the Corda platform in October 2017 and aims the technology at various kinds of businesses inside the financial industry, as previously reported by CoinDesk. R3 CTO Richard Brown said in a statement that were delighted that B3i has selected Corda as its preferred platform and our engineering team is looking forward to working closely with the excellent team at B3i to bring their innovative solutions to market. Toy train tracks picture via Shutterstock. A leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
independent company
prototype reinsurance blockchain
smart contracts system
October 2017
Toy train tracks
strict set of editorial policies

20:17

Factom Blockchain Project Wins Grant to Protect US Border Patrol Data

The U.S. Department of Homeland Security has awarded a grant of $192, 380 to blockchain project Factom to support beta testing of a stage aimed to procure data from Border Patrol cameras and sensors, the agency announced Friday. The early stages of Factoms work has educated architecture selections and design decisions inherent in integrating blockchain with existing technology, said Anil John, Identity Management Research and Development Program Manager in the DHS Science and Technology Directorate, in a news release. In Phase IV, Factom will deploy this technology in a realistic field environment with Customs and border protection to comprehend its operational impacts.

Factom, a Texas based startup, is working on a technology that incorporates data gathered by the detectors and cameras on a blockchain, securing the data and removing a chance to spoof, alter or interrupt it, in accordance with the release. Factoms product is going to be tested in an environment with limited online connectivity and changeable weather conditions to gauge its performance in a live border patrol scenario. The capital is a 4th tranche of a subsidy granted to Factom by the DHS in the span of its Silicon Valley Innovation Program, which permits technology companies to employ for $800, 000 in capital over a 24 month period.

Currently 23 businesses, such as Factom, have been in process of creating their solutions to DHS with help from its own licenses, incorporating technology like The Internet of things, unmanned airplane systems, cybersecurity solutions for financial services, international travel evaluation systems, airport passenger transport and wearable technologies. As mentioned by CoinDesk, Factom received $200, 000 from the DHS in 2016 to start developing the current project. The Factom bit is much more along the line ofthese devices exist, but how do we build an image of the individuality of this device with time? . The blockchain might be the catalyst that allows us to document the modifications, John clarified.

Factom has made many successful fundraising efforts within the last 3 years, raising $1.1 million in the cup in 2015 and after that, later that year, $400, 000 in seed funding. October 2016 saw $4.2 million raised, followed by more than $8 million in an elongated Series A round last April. CCTV image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
news release
23 compa...

20:10

Bitcoin in Brief Monday: From New York to Historic Istanbul Market Bitcoin News

Bitcoin in Brief Monday: From New York to Historic Istanbul Market

The stories covered in todays edition of Bitcoin in Brief hail from all across the globe. In New York a major cold storage company has received a Bitlicense, in China there are new signs of crypto mania, and in Turkey bitcoin has made an appearance at a historic Istanbul market.

Also Read: Etoro Is Launching an OTC Crypto Trading Desk for Institutions

Xapo Receives Bitlicense

Bitcoin in Brief Monday: From New York to Historic Istanbul MarketThe New York Department of Financial Services (DFS) has announced it granted a virtual currency license to Xapo, the company providing wallet, cold storage, and bitcoin-based debit card services estimated to hold around $10 billion worth of BTC. With the Xapo approval, DFS has in total approved eight firms for virtual currency charters or licenses.

The regulator says it has conduc...

20:00

Bitcoin Recovery Stalls Raising Risk of Price Drop CoinDesk

Bitcoin will likely drop below $6,000 this week, with bearish indicators still littering short- and long-term charts.

19:49

Ripple Donates $2 Million to Texas Universitys Blockchain Initiative News CCN

One of 17 institutions chosen for Ripples $50 million academic pledge, the University of Texas at Austin will receive $2 million from San Francisco-based industry giant Ripple. The McCombs School of Business at UT will receive $2 million from Ripple over the next five years to fund research at the institutions Blockchain Initiative program, a Continued

The post Ripple Donates $2 Million to Texas Universitys Blockchain Initiative appeared first on CCN

19:41

Major Banks Have Banned their Customers from Buying Bitcoin with Credit Cards "IndyWatch Feed World"



Source: Economic Collapse Blog | by Michael Snyder

On Monday, another shot was fired in the war. Wells Fargo formally announced that their customers would no longer be permitted to purchase Bitcoin and other cryptocurrencies with Wells Fargo credit cards

Wells Fargo customers can no longer buy cryptocurrencies such as bitcoin on their credit cards, the company announced Monday. But they can still buy firearms.

The San Francisco-based bank joined some of its Wall Street peers in banning the purchase of cryptocurrencies on credit cards and said its decision is "in line with the overall industry."

Of course this follows decisions by virtually all of the other major credit card companies to ban cryptocurrency transactions as well

J.P. Morgan Chase, Bank of America and Citigroupannounced in February they would no longer let customers buy cryptocurrencies using credit cards, and like Wells Fargo cited credit risks and market volatility.

Capital One Financial said it has decided to ban cryptocurrency purchases with its cards, and Discover Financial Services ha...

19:30

PR: Musicians Have Always Been Ripped off Qravity Wants to Fix It Bitcoin News

Musicians Have Always Been Ripped off - Qravity Wants to Fix It

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

The music industrys business model has always been broken. For over 100 years artists have been paid a fraction of the earnings their music makes. Take Enrico Caruso, an Italian opera singer from the early 1900s, credited with being one of the very first recorded artists. Over his lifetime he made over 488 recordings, almost exclusively for Victor, a record label now known as RCA and owned by Sony Music. While it is said that this made Caruso extremely rich, netting him nearly $2 million, his label scooped nearly twice that and is still making money from his recordings today.

Many think the golden age of vinyl and CDs was a time when artists were fairly compensated, but even then musicians werent exactly raking it in. A report suggests that, when records were still popular, of every $1,000 of albums sold, 18% went to the musicians, 63% to the record label, and 24% to distributors. Meaning each artist got a grand total of $23.40.

Then along came the Internet.

Times They Are A-Changin

According to The Economist, back in 1997 Amazon CEO Jeff Bezos was looking for online retail opportunities. He considered selling music, but quickly realised there were only a few major music labels, and they would have the power to stifle any online venture that presented serious competition.

The first online music sharing service, Napster, bypassed the record labels altogether and facilitated free peer-to-peer sharing of compressed music files. Obviously that didnt work out for them, and it wasnt long before Napster found itself facing litigation from all angles. The company was closed by court order in 2001, after less than three years of operation. The Napster brand only survived because the companys assets were liquidated and purchased by other companies through bankruptcy proceedings.

Free Money

So what changed to make online streaming services a viable business mod...

19:00

Binance Implements New Features To Help Improve User Experience NewsBTC

Despite the market downtrend, Binances team has forged ahead to ensure that its consumers are having a great experience using the exchange. 

Binance Supports Three EOS AirDrops

Airdrops have historically been a touchy subject for cryptocurrency exchanges, as claiming airdrop tokens can often require exchanges to give up some wallet security. As well, logistically setting up the support for airdrops may not be worth the time for some exchanges, as exchanges do not directly benefit from this process.

However, Binance has taken the initiative to support three airdrops from the recently launched EOS mainnet, pleasing many users in the process.

For the time being, Binance will only be supporting the IQ, DAC and EON airdrops, three of the most notable projects launched on the EOS blockchain. EON withdrawals have just opened, allowing for users to move their airdropped EON to their personal EOS wallets.

However, Some users took this announcement the wrong way. A blog post made it clear that support for these cryptocurrencies will only consist of withdrawal support and not trading, saying:

For trading and listing of these airdropped tokens on Binance, each project will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.

Despite the misunderstanding, the announcement was still well received by the community, with many users giving their thanks to Binance for accepting these airdrops. Airdrops essentially provide users with free cryptocurrencies, which can rack up value quickly.

Binance has yet to open up withdrawals for EOS mainnet tokens, weird considering that EON token withdrawals are now available. But it has become apparent that the exchange will continue to support the EOS mainnet, by continually supporting airdrops launched in the future.

Community Coin Of The Month Is Back

Binance has announced that they will be reinstating the community coin of the month, which allowed for users to vote and propose coins/tokens they think should be added to an expansive lineup.

It has been over 3 months since the last community vote, so seeing this feature reimplemented has given users another reaso...

19:00

Factom Blockchain Project Wins Grant to Protect US Border Patrol Data CoinDesk

The Department of Homeland Security has awarded a grant to blockchain project Factom for live testing a platform for securing camera and sensor data.

18:39

Bitcoin News Summary June 18, 2018 99 Bitcoins

The post Bitcoin News Summary June 18, 2018 appeared first on 99 Bitcoins.

Espaol Heres what happened this week in Bitcoin in 99 seconds.   The US Securities and Exchange Commission stated that they dont consider Bitcoin or Ethereum as securities, renouncing any claim to oversight of these coins. However, the SEC regards the majority of ICOs as securities, and thus within their regulatory scope. ICOs will [...]

18:28

Bitcoin Price Watch: BTC/USD Struggle Continues NewsBTC

Key Points

  • Bitcoin price failed to move above the $6,600 resistance and it currently under pressure against the US Dollar.
  • There is a significant bearish trend line formed with resistance at $6,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must move above the $6,500 hurdle and the 100 hourly simple moving average to climb higher.

Bitcoin price is still struggling to gain pace above $6,600 against the US Dollar. BTC/USD is likely to hold the $6,325 and $6,230 support levels in the near term.

Bitcoin Price Analysis

This past week, there was a decent bounce from the $6,130 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,500 and $6,600 resistance levels. However, sellers successfully defended the $6,700-30 zone. As a result, there was a downside reaction and the price declined below the $6,660 pivot level. There was also a break below the 50% Fib retracement level of the last wave from the $6,122 low to $6,731 high.

The price even settled below the $6,500 level and the 100 hourly simple moving average. However, the price was able to hold the 61.8% Fib retracement level of the last wave from the $6,122 low to $6,731 high. There are many important support levels on the downside such as $6,325 and $6,230. As long as the price is above $6,230, it could make an attempt to move higher. On the upside, there is a significant bearish trend line formed with resistance at $6,500 on the hourly chart of the BTC/USD pair.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price has to move past the trend line resistance, $6,500, and the 100 hourly SMA to gain upside momentum. A close above $6,500 may clear the path for a push towards $6,700.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is about to move back in the bullish zone.

Hourly RSI (Relative Strength Index) The RSI is moving higher towards the 50 level.

Major Support Level $6,230

Major Resistance Level $6,500

The post Bitcoin Price Watch: BTC/...

18:17

Halt the Internet? BIS Report Critiques Blockchain and DLT Claims

A financial institution operated by the worlds central banks is taking aim at cryptocurrencies, questioning their capability to deliver on their promise at a brand new report published Sunday morning. A document called Cryptocurrencies: looking beyond the hype and released from the Bank of International Settlements, explains the story behind the technology and analyzes if it can actually developing a trustless form of money. As previously mentioned, the release computes the organizations total annual economic record, that will be published next week. Citing hard drives, mining concentration, the proliferation of new cryptocurrencies, volatile markets and scalability as problems with cryptocurrencies at present, the banks report concludes that the decentralized technology of cryptocurrencies, yet complicated, is a poor replacement for the strong institutional backing of money .

Additionally, the bank asserts that utilizing a blockchain to process the amount of retail payments made daily could bring the world wide web to a halt. The report clarifies: To treat the number of electronic retail transactions currently traded with selected national retail payment systems, even under optimistic assumptions, the size of the book would grow far beyond the storage capacity of a typical smartphone in a few days, beyond that of a typical personal computer in a matter of weeks and beyond which of servers in a matter of months . Beyond the storage capacity, the report asserts that only supercomputers possess the processing power necessary to conduct each retail transaction on a blockchain, and even when there were adequate supercomputers to create a decentralized network, millions of users exchange documents on the purchase of a magnitude of a terabyte. .

This massive communication volume is what would affect the world wide web, in accordance with the report. The report also takes pictures from the miners, noting that bring in. Hinges on a set of assumptionsthat sincere miners control a huge network of computing power, that consumers affirm the history of all transactions and the source of the currency is predetermined by means of a protocol . Whilst the BIS was brutal on cryptocurrencies, it saw distributed ledgers more positively, writing the underlying technology could have claim in other fields. . Distributed ledger technology can ease cross border payments, as well as aid market fields where the advantages of unrestricted accessibility transcend the higher operating cost of maintaining several copies of the ledger. .

Nevertheless, the report finally noted that research in others technology to do the very same goals as a dispersed ledger is ongoing, and it isnt clear that may emerge as the most effective one. . Match on fire image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic stan...

18:10

Indian State Kerala to Put Milk and Fish Supply Chains on a Blockchain News CCN

The government of Kerala, a state in South India, is turning to blockchain tech to organize the supply chain process of everyday groceries. The new project will specifically look to streamline the supply chain networks including distribution of milk, vegetables, and fish in the state using blockchain technology, the Press Trust of India Continued

The post Indian State Kerala to Put Milk and Fish Supply Chains on a Blockchain appeared first on CCN

18:00

EOS Mainnet Takes A 5 Hour Breather Due To A Small Bug, Criticized NewsBTC

The EOS mainnet had to take a quick breather yesterday, with an unexpected bug causing its blockchain to come to a full stop.

Quick And Effective Response

EOS New York stated that the blockchain paused at 9:56 UTC, which immediately triggered a knee-jerk response from all active EOS Block Producers. The block producers along with standby nodes quickly jumped into a conference call to help identify and amend the issue.

After almost an hour of discussion, members of the conference call decided that it would be best for all standby nodes to temporarily disable their nodes, while still backing up vital information.

Eventually, the group of determined individuals found the cause of the problem, declaring that they were working on a fix. After almost five hours of work, the EOS chain resumed, allowing for transactions to go through at 14:48 UTC.

Despite the quick response, users still felt an almost five-hour downtime, expressing their anger and disbelief on this projects native subreddit. 

Reddit user, SonataSystems, jumped on the fact that such a bug exists, saying:

Is there a realistic (real world configuration/load) testnet to put these patches through a strong, regressive gauntlet prior to release? Are they just chucking untested code over the fence? Just how much test coverage is there, and how much regressive testing is performed, where is it performed and by whom?

Rough Start For An Aspiring Blockchain

This isnt the best sign for a brand-new cryptocurrency project, as the downtime deterred thousands of transactions, if not more.

This p...

18:00

Cardano Price Analysis: ADA/USD Is In Downtrend NewsBTC

Key Highlights

  • ADA price started a fresh downside move from the $0.1750 swing high against the US Dollar (tethered).
  • There is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair may perhaps continue to move down towards the $0.1550 and $0.1505 support levels.

Cardano price failed to move higher and declined against the US Dollar and Bitcoin. ADA/USD is likely to extend the current decline towards the $0.1505 level.

Cardano Price Analysis

This past week, there was a minor upside recovery from the $0.1460 swing low in ADA price against the US Dollar. The price climbed above the $0.1500 and $0.1600 resistance levels, but it failed to hold gains. A top was formed around the $0.1740 level before the price started a downside move. It declined and broke the $0.1650 and $0.1600 support levels to settle below the 100 hourly simple moving average. There was also a break below the 50% Fib retracement level of the last wave from the $0.1462 low to $0.1746 high.

At the moment, the price is trading well below the $0.1650 level and the 100 hourly SMA. It is testing the 61.8% Fib retracement level of the last wave from the $0.1462 low to $0.1746 high. A break below the $0.1550 support level may well call for more slides towards the $0.1505 level in the near term. On the upside, there is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair.

Cardano Price Analysis ADA USD

The chart indicates the price could extend declines as long as it is below $0.1650 and the 100 hourly SMA. The most important support on the downside is at $0.1505 where buyers may put to test.

Hourly MACD The MACD for ADA/USD is placed nicely in the bearish zone.

Hourly RSI The RSI for ADA/USD is declining towards the 20 level.

Major Support Level $0.1505

Major Resistance Level $0.1600

The post Cardano Price Analysis: ADA/USD Is In Downtrend appeared first on...

18:00

Insurance Group B3i Endorses R3's Corda Blockchain Platform CoinDesk

Blockchain insurance consortium B3i announced Monday it would use R3's Corda platform to develop its products.

17:40

Regulation Round-Up: Shapeshift COO Says U.S. Regulations Worsen, Germany to Protect Financial Stability not Individual Investors Bitcoin News

Regulation Round-Up: Shapeshift COO Says U.S. Regulations Worsen, Germany to Protect Financial Stability not Individual Investors

In recent regulatory news, the Shapeshift co-founder and chief operating officer, has given a damning appraisal of the current regulatory climate surrounding cryptocurrencies in the United States. The president of Germanys Federal Financial Supervisory Authority, Felix Hufeld, has indicated that the principal concern of German regulators regarding cryptocurrency will be seeking to ensure financial stability, rather than concerns pertaining to individual investors. The U.Ks Financial Conduct Authority has published an open letter to the CEOs of businesses offering services related to cryptoassets regarding financial crime risks associated with virtual currencies.

Also Read: EOS Has Issues

Shapeshift Co-Founder Says U.S. Cryptocurrency Regulations are Worsening

...

17:00

Ethereum is Gaining 50,000 Developers per Month, King of Dapps NewsBTC

An independent vlogger posted a video on Reddit about why hes still bullish on crypto. In the video the vlogger names six points to keep in mind about the health of the space as networks continue to grow, clarity comes in to being and crypto attracts the best and brightest minds from both the tech and financial industries.

Bitcoin Network is Healthier than Ever

Most traders havent made a lot of money in 2018 as the market correction that put an end to the 2017 bull run lingers on and the price of Bitcoin has wavered between $6 and $9,000. Despite the industry oracles who are even now calling for Bitcoin to reach outlandish numbers by the end of the year what this vlogger, who posts as u/undertheradar48, focuses on is the security of the system. As he states in his video in the last month there has been a 300% increase in the bitcoin hash rate, meaning that more people than ever are mining the coin, meaning that ledger is larger than ever and therefore the system more secure.

Beyond the hash rate and estimated $100 billion dollars u/undertheradar48 tells his audience is locked up in Bitcoin he touches on something even more important. That 9 years in, the Bitcoin network is still alive and growing despite naysayers and pundits from the financial world hammering the press with statements calling it Rat Poison and a Ponzi scheme and government agencies waffling on laws and regulations that would give legitimacy.

As the video points out the Bitcoin network has grown bigger than anyone at the start could have imagined and so is the Ethereum network growing at an unprecedented rate. As he states there are more people downloading the Ethereum developer program Truffle today than there were during the networks price peak back in January. The number he quotes which seems to have come from a Consensys article is 50,000 new downloads per month which if projected through to the end of the year means an additional half a million developers working on the Ethereum network.

Ethereum adding 50,000 Devs per Month

These estimates got the poster a lot of flack from his Reddit followers. Some commenting that he is delusional and just spreading the kind of inflated numb...

17:00

Halt the Internet? BIS Report Critiques Blockchain and DLT Claims CoinDesk

The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.

16:30

Ripple Price Analysis: XRP/USD Sights Downside Break NewsBTC

Key Highlights

  • Ripple price declined from the $0.5600 swing high with bearish moves against the US dollar.
  • There is a key bearish trend line in place with resistance near $0.5300 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may perhaps decline further and it could break the $0.5200 support for more losses in the near term.

Ripple price is trading with a negative bias against the US Dollar and Bitcoin. XRP/USD could extend declines if there is a break below the $0.5200 support.

Ripple Price Support

There was a recovery wave initiated in Ripple price above the $0.5200 level against the US Dollar. The price moved above the $0.5400 and $0.5500 resistance levels. However, the upside move was capped by the $0.5650 zone where sellers appeared. A high was formed at $0.5681 before the price started a downside move. It declined and broke the $0.5500 support area. There was also a break below the 50% Fib retracement level of the last leg from the $0.5030 low to $0.5681 high.

The decline was such that the price settled below the $0.5400 level and the 100 hourly simple moving average. At the moment, the price is testing the 76.4% Fib retracement level of the last leg from the $0.5030 low to $0.5681 high. The $0.5200 support area holds a lot of importance for the next move in the near term. Should there be a bearish break below $0.5200, the price could drop back towards the $0.5000 level in the near term. On the upside, there is a key bearish trend line in place with resistance near $0.5300 on the hourly chart of the XRP/USD pair.

Ripple Price Analysis XRP USD

Looking at the chart, the price remains at a risk of more losses below $0.5200 as long as it is below $0.5400.

Looking at the technical indicators:

Hourly MACD The MACD for XRP/USD is still in the bearish zone.

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is way below the 50 level.

Major Support Level $0.5200

Major Resistance Level $0.5400

The post Ripple Price Analysis: XRP/U...

16:16

Russias Largest Banks Are Piloting Bitcoin and Crypto Portfolios

Two of Russias biggest banks are piloting cryptocurrency portfolios for their personal customers, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will provide their clients shares in a special fund which is going to be trading the six most popular cryptocurrencies on major markets, such as Kraken and Bitstamp, in accordance with the report. Sberbank, the principal state owned bank accountable for processing government worker paychecks, and Alfa Bank, the largest private bank in the country, plan to enter crypto trading with the aid of the AddCapital investment fund, the National Settlement Depository and the Group IB.

Sberbank Private Banking deputy seat Ana Ivanchuk mentioned. Wed like to provide our clients a totally transparent way to put money into electronic with full compliance with the regulations which will allow them invest in the product theyre intrigued in Russia. Our goal is to speed-up the recognition of the electronic assets as valid financial assets as quickly As possible, said Anton Rakhmanov, director of Alfa Banks private banking division. AddCapital, the investment fund that participated in the new pre sale of Telegram tokens, is believed to be in charge of the technical solution for the project. Chief executive officer Alexey Prokofyev said the investment process will probably see investors buy a share of the fund.

The portfolio includes the six most popular cryptocurrencies, such as bitcoin, bitcoin cash, ethereum and litecoin. A combination of coins will probably be revised 4 times per year, and their proportions will probably be balanced by means of a trading algorithm. The shares are liquid and a customer could send them to get fiat currency any time, Prokofyev said. The National Settlement Depositary, which is part of the Moscow Exchange Group, will act as the custodian. While testing the portfolio process will take approximately 45 weeks, the particular dates havent been disclosed. Sberbank declined to comment when reached. Russian flag 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.

Sources:
coindesk.com
report
Telegram tokens
strict set of editorial policies

15:43

Exclusive: Former BlackRock Exec Explains Why Institutional Investors Not in Crypto Yet NewsBTC

A professional investor, who has worked at BlackRock, explained the main reasons why institutional investors are watching the crypto market but not yet getting involved. Speaking in London Tech Week he said that regulatory uncertainty, volatility and lack of education are the main obstacles.

Where is the Smart Money?

Adam Grimsley, co founder of Prime Factor Capital, said that although some high net worth individuals are building up portfolios, the majority of institutional investors are waiting for regulatory certainty. Speaking at the Zeroing In On Europe conference on June 16, he highlighted the lack of regulation in London and the unwillingness of watchdogs to get involved.

He said: Banks, institutions and professional investors have been left at the start line. The usual advantages of size, infrastructure, connections and reputation have shown to be obstacles to move quickly into this space. Concerns around volatility, lack of liquidity, and regulatory uncertainty were more than enough to prevent the so-called traditional smart money from entering the arena.

On the other hand, Grimsley said: High net worth individuals and principal investors, through family office or private banks, have been quietly building up positions in crypto assets for the last few years.

In a panel discussion at the same event, James Radecki, Global Head of Business Development at Cumberland, the cryptocurrency arm of DRW, said that institutional money is starting to move into the market and that the decrease in volatility is proof of this.

Prime Factor Capital are a cryptocurrency and cryptoasset asset management company. They were founded by investors at global investment managers BlackRock and Nic Niedermowwe, who used to be a derivatives trader and had previously set up a cryptocurrency market making business.

Crypto: Huge Potential to Distrupt

On this move away from BlackRock, Grimsley said that the founders were personally invested in the new technology and felt there was a lack of professional management services.

Grimsley said: Weve been involved in the blockchain industry for some time and observed its huge potential to disrupt. It has the capacity to capture billions or trillions of dollars-worth of value fragmented across many different protocols.

Grimsley said that regulatory uncertainty is the biggest obstacle to larger investors. He pointed out that cryptocurrencies are unregulated in the UK and that the FCA may have little desire to get into the market. He acknowledged that the UK Treasure Committee has...

15:40

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing Bitcoin News

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are Failing

As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S.

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

Government Concerned About Banks AML Compliance

As Korean Crypto Exchanges Step Up AML Compliance, Banks Are FailingSouth Koreas AML directives currently do not apply to cryptocurrency exchanges directly. The government has made banks responsible for monitoring and reporting any crypto-related money laundering activities.

In an effort to comply with the countrys AML directives, most major South Korean banks have been adding compliance officers.

NH Nonghyup Bank, for example, recently created an independent unit ex...

15:26

Cryptocurrency Market Update: Binance Coin (BNB) Bucking the Trend NewsBTC

FOMO Moments

Current performing altcoins are Binance Coin, Reddcoin, and Docademic.

A flat weekend in crypto land has not been enough to entice the bulls back into the market. Monday morning is shaping up to be a red one as the downward slide continues. Total market cap is still falling back towards the yearly low six weeks ago. Bitcoin is lulling around the $6,500 mark and has lost 1.5% on the day and Ethereums little bounce on the SEC news last week was short-lived as it also declined a similar amount to just below $500. Altcoins are getting hit harder with most of them in the red at the time of writing. There is only one coin in the green at the time of writing and that is Binances own crypto, BNB.

According to Coinmarketcap Binance Coin is trading up 3.9% on the day while every other altcoin in the top 40 is falling once again. BNB is currently trading at $16.80, up from $16.13 this time yesterday. Binance coin has had a strong week in spite of the negative market sentiment climbing 17.5% from $14.30 this time last Monday. On the month BNB has performed solidly rising 35% from $12.40 this time last month. Against Bitcoin BNB has made 5.7% on the day to 261300 satoshis from 247000 sats this time yesterday. Weekly gains on BTC have been around 23% from 212000 satoshis as Bitcoin has continued to fall.

Binance continues to offer promotions and airdrops for various tokens including its own which makes it a positive coin to invest in. Additionally trade fees can be halved by users trading with BNB instead of directly, this will also increase volume and value of this altcoin. Binance is constantly expanding with news that it will be offering fiat trading from Malta soon and another move into Jersey to tap the UK market keeping the exchange at the top of its game.

Tether is the top traded pair with BNB at over 50% with BTC taking 38% and ETH 4.4%. Trade volume has increased from $88 million to $109 million in the past 24 hours and Binance Coin is the only one not getting hammered during Asian trade this morning. With a market cap of $1.9 billion BNB sits at 15th spot in the coin charts.

All gains in the past 2 months have been wiped out with crypto markets falling back to early April lows. Total market capitalization currently sits at $276 billion, down just over 2% on the day, and 24 hour trade volume has remained at about $10 billion. Over the week the markets have lost 8%, equating to $25 billion, and volume has halved. This could indicate a slowdown in selling pressure or the bear...

15:25

Ethereum (ETH) Price Watch: Stuck in Consolidation, Waiting for Direction NewsBTC

Ethereum Price Key Highlights

  • Ethereum has formed lower highs and higher lows to consolidate inside a symmetrical triangle.
  • Price is approaching the peak of the formation so a breakout could be due anytime soon.
  • Technical indicators appear to be hinting at a potential upside break and rally.

Ethereum is currently consolidating inside a short-term symmetrical triangle with the possibility of an upside break.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. Price is still below the moving averages, after all, so sellers are in control.

However, the gap between the moving averages is narrowing to signal a potential upside crossover. In that case, bullish momentum could kick in an sustain a rally in the event of a break higher. Ethereum would also need to break past the 200 SMA dynamic inflection point just above $500 to confirm an uptrend.

Stochastic looks ready to move back up without even hitting oversold conditions. This signals that buyers are eager to return and push ethereum back up. RSI is already on the move up after making its way out of the oversold region, indicating that bullish pressure is present.

ETH/USD Chart from TradingView

Market Factors

Ethereum drew strong support from remarks by an SEC official citing that it is not a security to be regulated like stocks or bonds. Although this isnt an official ruling yet, many are hopeful that this particular altcoin can evade strict regulation.

However, dollar strength is being tough to contend with as safe-haven demand picked up when the US and China imposed tariffs on each others goods. This could mean weaker demand for commodities and slower business activity, thereby dampening global growth prospects and investors appetite for risk.

The post Ethereum (ETH) Price Watch: Stuck in Consolidation, Waiting for Direction appeared first on NewsBTC.

15:08

Ethereum Price Analysis: ETH/USD Could Extend Declines NewsBTC

Key Highlights

  • ETH price was not able to move above the $510 resistance and is currently under pressure against the US Dollar.
  • There was a break below a crucial bullish trend line with support at $500 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains at a risk of more losses as long as it is below $510 and the 100 hourly simple moving average.

Ethereum price is currently in a bearish zone against the US Dollar and Bitcoin. ETH/USD could decline further towards $475 level in the near term.

Ethereum Price Trend

There was an upside move above the $500 level in ETH price against the US Dollar. The price traded a few points above $500, but it failed to gain momentum. As a result there was a downside reaction and the price settled below the $500 level. There was also a close below the $495 level and the 100 hourly simple moving average, which is a bearish sign. Additionally, the price broke the 23.6% Fib retracement level of the last wave from the $447 low to $528 high.

More importantly, there was a break below a crucial bullish trend line with support at $500 on the hourly chart of ETH/USD. The pair declined and tested the $488 support area. The mentioned support is near the 50% Fib retracement level of the last wave from the $447 low to $528 high. The pair is currently trading well below $500 with a bearish angle. Should there be a downside break below the $488 level, there could be more declines towards the $475 level.

Ethereum Price Analysis ETH USD

Looking at the chart, the price may perhaps correct a few points towards $500. However, there is a bearish trend line in place to prevent upsides near $500 in the near term.

Hourly MACD The MACD is slowly moving back in the bullish zone.

Hourly RSI The RSI is currently well below the 50 level.

Major Support Level $475

Major Resistance Level $500

The post Ethereum Price Analysis: ETH/USD Could Extend Declines appeared first on NewsBTC...

15:00

Russia's Largest Banks Are Piloting Bitcoin and Crypto Portfolios CoinDesk

Two of Russia's largest banks are planning to launch a cryptocurrency portfolio product for their private banking clients, Kommersant reported.

14:28

Bitcoin Cash Price Analysis: Can BCH/USD Hold $825? NewsBTC

Key Points

  • Bitcoin cash price struggled to settle above the $900 level and declined against the US Dollar.
  • There is a major bearish trend line formed with resistance at $850 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is currently finding it hard to hold an important support area near $825.

Bitcoin cash price started a downside move after it was rejected from $900 against the US Dollar. BCH/USD must stay above $825 to avoid a bearish break.

Bitcoin Cash Price Trend

There was a recovery initiated in bitcoin cash price from the $799 low against the US Dollar. The price climbed above the $840 and $850 resistance levels to start a recovery. It even traded a few points above the $900 level before sellers appeared. There was no close above the $900 resistance, which resulted in a bearish reaction. BCH price declined sharply and moved below the $850 support area.

There was also a break below the 50% Fib retracement level of the last wave from the $799 low to $910 high. The downside move was such that the price closed below the $840 level and the 100 hourly simple moving average. At the moment, the price is holding an important support level at $825. It also coincides with the 76.4% Fib retracement level of the last wave from the $799 low to $910 high. Should there be a downside break below $825, the price may come under a lot of pressure. On the upside, there is a major bearish trend line formed with resistance at $850 on the hourly chart of the BCH/USD pair.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the pair is clearly at a risk of a downside break below $825 in the near term.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is now well below the 50 level.

Major Support Level $825

Major Resistance Level $850

The post Bitcoin Cash Price Analysis: Can BCH/USD Hold $825? appeared first on...

14:03

Bitcoin (BTC) Price Watch: Eyes on This Consolidation Pattern NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin has formed lower highs and higher lows to trade inside a symmetrical triangle pattern on its 1-hour chart.
  • Zooming out to longer-term time frames shows that this might be a bearish flag continuation pattern.
  • Price is nearing the peak of the formation to signal that a breakout in either direction is due soon.

Bitcoin price is consolidating inside a short-term symmetrical triangle pattern as bulls and bears wait for more decisive clues.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA on this time frame to signal that the path of least resistance is to the downside. This means that the selloff is more likely to resume than to reverse. The 100 SMA has held as dynamic resistance as well.

However, the gap between the moving averages has narrowed significantly to signal a slowdown in bearish pressure. This could also signal an imminent bullish crossover that could draw more buyers in and spur a reversal from the bitcoin price downtrend.

RSI still seems to be heading lower, though, so sellers might still have some energy to push for a break below support. The triangle spans $6,200 to $,6900 so the resulting breakout could be of the same size. Stochastic, on the other hand, appears to have bottomed out and is ready to turn higher.

BTCUSD Chart from TradingView

Market Factors

Dollar strength kicked into high gear on Friday when the Trump administration imposed tariffs on Chinese goods and China retaliated with their own measures on US exports. Further escalation of these tensions could keep traders flocking to the safe-haven dollar and away from riskier assets like bitcoin.

Besides, the lack of positive updates from the industry has kept bitcoin price in consolidation, even after a senior SEC official suggested that it isnt subject to securities regulation. After all, this hardly constitutes an official ruling so investors are waiting to hear more remarks from other regulators.

The post Bitcoin (BTC) Price Watch: Eyes on This Consolidation Pattern appeared first on NewsBTC.

13:45

An Inside Look at the Electron Cash Wallet Coming to iOS Bitcoin News

An Inside Look at the Electron Cash Wallet Coming to iOS

Just recently news.Bitcoin.com reported on the unique Electron Cash wallet alongside using the Cashshuffle plugin. Two weeks ago we were granted access to the Electron Cash iOS beta testing period, and we wanted to give our readers a sneak peek at what to expect when this bitcoin cash-centric light client launches.

Also Read: How to Shuffle Your BCH Coins Like a Boss

Electron Cash Is Coming to iOS

An Inside Look at the Electron Cash Wallet Coming to iOSThe Electron Cash wallet is a reputable bitcoin cash (BCH) wallet thats been arou...

13:30

Metropolitan Bank Is Handling Millions for Crypto Clients (And It Wants More) CoinDesk

To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank in New York, they're "pioneers."

12:16

Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator

Nvidia appears to be expanding its own interest in blockchain. CoinDesk has heard the video card manufacturer, which saw a headline grabbing business boost from crypto mining requirement last year, is now working with a startup called Ubex to develop smart on-line marketing platform that uses blockchain and artificial intelligence. Abhinav Agrawal, a representative of the startup, told CoinDesk that Nvidia admitted Ubex to its launch program earlier this month. Ubex wants to utilize the technology to aid a neural network a sort of a computer program designed to think like an individual much more effectively present advertisements on websites.

Basically, the startup is looking to utilize blockchain to support his service, with information stored in a distributed ledger system helping the network target advertisements at consumers. Ubex co founder and chief executive Artem Chestnov told CoinDesk the startup utilizes a blockchain particularly because its key objective is the transparency and speed of transactions . He continued: Any AI needs datasets to work more efficiently and also to learn. Coaching an AI requires a whole lot of work. The blockchain base will enable us to attract tens of thousands of sources of info which will be utilized to enhance Our AIs database and allow it to be faster, brighter, stronger and much more efficient. .

Currently, the startup has released a prototype of its own platform for testing. The Nvidia Inception Program seeks to offer information science and artificial intelligence startups with resources to finish developing and market their goods, according to its own site. Agrawal told CoinDesk these resources include educational and marketing tools, as well as datasets for training the startups neural network. Nvidia Inception Program mind Arjun Dutt verified that Ubex is a part of the incubation program, but stated its use of blockchain wasnt a substantial factor in our consideration. Rather, it is Ubexs planned application that caught the organizations eye.

The most important area of interest is their use of profound learning neural networks to get better on-line advertising algorithms, he explained. Nvidia Chief executive officer via Flickr. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
last year
a type of computer program designed to think like a person
...

10:41

The Central Bank for Central Banks Disses Cryptocurrencies in New Report News CCN

The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies. The bank also acknowledges the possibility of Continued

The post The Central Bank for Central Banks Disses Cryptocurrencies in New Report appeared first on CCN

10:30

Chip Maker Nvidia Adds Blockchain-AI Startup to Incubator CoinDesk

Nvidia is supporting a blockchain startup as part of its Inception Program, which seeks to support artificial intelligence development.

10:04

Bitcoin (BTC) Prices Yet To Hit Rock Bottom: Bitcoin (BTC) Technical Analysis (June 18, 2018) NewsBTC

With every slide in the cryptocurrency market, Bitcoin dominance increases. As a matter of fact, Bitcoin ball park control stands at 40 percent in the last seven days or so. Thats when bears took more than $30 billion despite supportive news from the SEC. Going forward, it could be worse for cryptocurrency portfolios because any break below $6,000 and we might see BTC valuation dropping 85 percent from its ATHs to $3,000.

Lets have a look at these charts:

From the News

It is attack after attack but in the case of BitGrail, ordinary account holders are set to suffer. A while back, this Italian exchange was hit by hackers who made away with $187 million worth of Nano coin. Even though the operations of the exchange took a hit, they resumed normal services a few days later. However, with formal announcement by the exchange that they were not in a position to reimburse user funds because they strongly believe hackers took advantage of Nanos blockchain weakness, the Nano Foundation refutes these claims.

This inevitably means the court is the only center of arbitration and now through the orders of a Florence Court, where bankruptcy petition for BitGrail is on-going, BitGrails digital assets are under state custody. We cannot make solid conclusion as the hearing continues.

Then again the CEO of BitGrail has been clear that there is nothing since the exchange is following court orders. R...

10:02

Another Bug Wipes $200 Million Off EOS: IOTA, EOS, Litecoin, Stellar Lumens and Tron Technical Analysis (June 18, 2018) NewsBTC

Despite our buy projections, sell pressure is evidently strong and quickly reversing previous gains. Even though most coins as Stellar Lumens, IOTA and Litecoin are still trending within June 14 anchor candlestick, its very possible that bears might break lower and align with the general bear trend. Thats patience and waiting for right trigger levels to be hit is the right trading strategy.

Lets have a look at these charts:

EOS Technical Analysis

After raising $4 billion from investors, EOSIO mainnet has been nothing short of disappointments. We can talk of their tumultuous coin staking process which was full of privacy concerns with centralization claims in the last days but thats no longer a cause of concern. Shortly before their bounty program, Guido Vranken while working alone bagged $120,000 after identifying 12 vulnerabilities.

Inevitably and rightly so, allegations were rife that Block One did outsource their platform building to a third party. Luckily, Guido Vranken is now an employee of Block One. He might even help the team to pin point the case of their recent blockchain freeze.

Earlier today, the EOS network came to a complete halt an emergency mechanism in the software was triggered automatically to prevent the EOS blockchain from hard forking due to a bug..

...

09:20

Etoro Is Launching an OTC Crypto Trading Desk for Institutions Bitcoin News

Etoro Is Launching an OTC Crypto Trading Desk for Institutions

While the major banks are taking their time with offering OTC crypto trading, new entrants to the space are stepping up to fill the void. Social investing platform Etoro, which focuses mainly on retail traders, is now expanding into the institutional segment with a new cryptocurrency offering.

Also Read: This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?

New Crypto Trading Desk for Hedge Funds

Etoro Is Launching an OTC Crypto Trading Desk for InstitutionsEtoro, which recently announced that it is expanding into the US with ten cryptocurrencies, is reportedly setting up an over-the-counter (OTC) trading desk in London for institutions wishing to trade on cryptocurrencies. The platform is connected to fifteen cryptocurrency exchanges from which to pool l...

08:20

Bronx Biker Gang Members Charged in $2 Million Ether Kidnapping News CCN

Last year in November, 35 year old Louis Meza kidnapped his friend with the help of three gang members to steal the victims crypto holdings. In December 2017, Meza was charged with kidnapping and robbing the victim by Manhattan prosecutors. At that time, video footage of the incident was used to capture Meza, however, the rest Continued

The post Bronx Biker Gang Members Charged in $2 Million Ether Kidnapping appeared first on CCN

07:20

This Village Decided to Launch Japans First Municipal ICO Bitcoin News

This Village Decided to Launch Japan's First Municipal ICO

A village in Japan has announced its decision to launch an initial coin offering in order to secure funds for creating a sustainable region. This will be the first time in Japan for a municipality to use a token sale to raise funds.

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

Local Government Launching ICO

This Village Decided to Launch Japan's First Municipal ICOA village in Japan has decided to issue an initial coin offering (ICO) which it describes as Japans first decision to issue a regional ICO by a local government.

Nishiawakura Village is in Okayama Prefecture, which is located in the southern part of Japans Honshu island. The prefecture is largely known for its rural landscapes, feudal castles and art museums. With 95% of the area covered in forest, the village has a population of approximately 1,500. In the early 2000s, the village refused to merge with Mimasaka City when municipalities nationwide consolidated, wanting to rema...

07:10

Smart Cities and Blockchain: Four Countries Where AI and DLT Exist Hand-in-Hand Cointelegraph.com News

Smart urbanization on blockchain is coming. Which countries and cities will be the first to adopt this progressive technology?

06:37

Walmart Patents System for Accessing Medical Records Stored on a Blockchain News CCN

Big-box retailer Walmart has been awarded a patent for a system that is designed to store a patients vital medical records in a blockchain database. The information can then be retrieved at the scene of an emergency when a patient is unresponsive and cant communicate with first responders. To protect privacy the only medical information Continued

The post Walmart Patents System for Accessing Medical Records Stored on a Blockchain appeared first on CCN

05:20

EOS Has Issues Bitcoin News

EOS Has Issues

The EOS mainnet is less than a week old but already the much-vaunted blockchain has ran into a spate of issues ranging from the minor to the critical. Teething problems with new blockchains are to be expected, but the numeracy of these, coupled with a series of other anomalies, have had EOS critics scratching their heads and developers on the defensive.

Also read: Satoshi Nakamoto Known to CIA? FBI? Created by NSA? Search Intensifies

Theres Never a Dull Day in EOS Land

The EOS soap opera has made for compelling viewing in recent weeks. The level of hype and funds invested in the project meant a soft launch was never going to be possible. Satoshi appears to have launched bitcoin alone, with zero fanfare and the world oblivious. EOS, on the other hand, has launched following a year-long $4 billion raise, having excited half of the crypto community and the alarmed the other half.

...

05:04

Crypto Markets See Only Slight Gains and Losses With BTC, ETH in the Green Cointelegraph.com News

Crypto markets keep experiencing mixed signals since last Sundays drop, BTC and ETH in the green

04:41

Selling Crypto Now Is Like Selling Apple in 2001: eToro CEO News CCN

Ever since the arrival of Bitcoin, many people have predicted that soon all of the cryptocurrencies will crash. The trends in cryptocurrencies have been compared to global events such as tulipmania, the 1929 stock market crash and the dotcom bubble. However, even after the recent fall in crypto prices, the industry continues to attract new Continued

The post Selling Crypto Now Is Like Selling Apple in 2001: eToro CEO appeared first on CCN

03:48

Hodlers Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market Cointelegraph.com News

This week in crypto, the SEC finally decided that Ethereum is not a security, Bitcoins price drop is revealed (allegedly) to be due to Bitcoin future contracts expiring, and more in the Hodlers Digest

03:20

The Reasonable Network Bitcoin News

The Reasonable Network

This article is my advice on how reasonable people can have a public discussion that is strong enough to avoid being derailed by trolls, no matter who they are. I believe the key is the conviction that if there were such a thing as a reasonable public discussion, everyone else would depend on the conclusions that it arrived at. Thus, everyone taking part in the discussion will tend to prefer to follow the rules over anything that might serve a conflicting interest.

Also read: Markets Update: SEC Adds a Brief Market Spike But Will It Last?

If you are someone who prefers the Reasonable Network, then you are looking for people who also prefer the Reasonable Network. You must look at what they prefer and see that they prefer to be reasonable. You dont need to bug him or manipulate him. You just have to let him show you that he prefers reason.

I am not going to define precisely what I think reasonableness is because I would want people to develop their reasonableness test based on everything they know rather than just what is in this article. However, I will say that I think that a persons ability to repeat an intellectual position to his discussion partner is a test that is so easy to administer and evaluate, and simultaneously such a good indicator that I recommend it as the first step in any evaluation of another persons reasonableness.

02:48

How to Scale Bitcoin? Youre Asking The Wrong Question News CCN

Hi there folks, hope youre doing well. I know the market is kinda down and were all sad and remembering the good old days in December. It has been a pain to watch the charts these past couple of weeks, but lucky enough Ive been busy reading about the early discussions around Bitcoin to take Continued

The post How to Scale Bitcoin? Youre Asking The Wrong Question appeared first on CCN

01:40

William Shatner Boldly Goes to Fight Bitcoins Carbon Footprint News CCN

A recent study estimated that mining Bitcoin consumes as much electricity as the Republic of Ireland. Hollywood actor William Shatner, who is best known as Captain Kirk in Star Trek, is now involved in efforts aimed at pushing for renewable energy use in the mining of the flagship cryptocurrency. This, he argues, is good for Continued

The post William Shatner Boldly Goes to Fight Bitcoins Carbon Footprint appeared first on CCN

01:19

Ex-Denver Post Journalists, Editors Launch New Blockchain-Powered Colorado News Outlet Cointelegraph.com News

A group of editors and journalists from the Denver Post leave the outlet to start their own blockchain-powered newspaper, The Colorado Sun

Sunday, 17 June

14:00

Cryptocurrency Millionaire Kidnapped By Biker Gang, Robbed At Gunpoint For $1.8M "IndyWatch Feed World"

Three members of a Bronx biker gang were arraigned in a Manhattan courtroom on Tuesday, charged with kidnapping and robbing a cryptocurrency multi-millionaire at gunpoint, authorities said. Luring their victim into a fake Uber ride on November 4, 2017 where they held him captive for two hours with a hood over his head - demanding his keys and a memory stick linked to his Ether currency account, according to court papers. The gang was able to bilk the man out of $1.8 million of Ether, a popular cryptocurrency.

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