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Tuesday, 09 October

02:25

Fake News? Cryptocurrency Exchange Bitfinex Denies Rumors of Insolvency News CCN

bitcoin cryptocurrency richResponding to longstanding rumors of financial struggles and outright accusations of insolvency, major cryptocurrency exchange Bitfinex has provided a glimpse into its cryptocurrency balance sheet. The exchange, which is registered in the British Virgin Islands but headquartered in Hong Kong, sought to dispel these rumors in a blog post published on Sunday, which included links

The post Fake News? Cryptocurrency Exchange Bitfinex Denies Rumors of Insolvency appeared first on CCN

02:20

Salt to Offer Crypto-Backed Loans in 7 Global Markets, 15 More US States Bitcoin News

Crypto-Backed Loans Expand: Salt Moves to 35 States

Salt, a cryptocurrency-backed loan service, has announced plans to launch operations in seven new jurisdictions throughout the world, while offering its services in 15 more U.S. states. It will also include litecoin (LTC) among its offerings, while providing more competitive interest rates and removing loan caps.

Also read: Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

 Expansion into New
International Markets

Salt revealed it is opening offices in states such as New Jersey, Massachusetts, Washington and Texas, bringing the total to 35 overall. It will also launch operations in Brazil, Hong Kong, Switzerland, Vietnam, Bermuda, Puerto Rico and the United Arab Emirates. The move follows the companys expansion into 20 U.S. states in August, according to a company blog post.

Crypto-Backed Loans Expand: Salt Moves to 35 States

...

01:46

Maker Price (MKR) Explodes Through $750 as Dai Cryptocurrency Awaits Augur Integration News CCN

Maker MKR price cryptocurrency rallyMaker (MKR), the central token of the Maker smart contract platform and the Dai stablecoin system, has experienced a phenomenal rally over the past month, bolstered a major partnership and an investment from one of the cryptocurrency industrys top venture funds. Less than one month ago, on Sept. 12, MKR was trading below $300. Since

The post Maker Price (MKR) Explodes Through $750 as Dai Cryptocurrency Awaits Augur Integration appeared first on CCN

01:30

TRON CEO Claims Todays Update Will Make It 200x Faster Than Ethereum Cointelegraph.com News

Today will see TRONs new update go live and launch smart contracts to compete with Ethereum, CEO announces

00:56

Ethereum Developer Community Still Very Active: 1,000 Developers at Hackathon NewsBTC

2018 has been a rocky year for Ethereum. The virtual currencys price crossed $1400 in January, and it bottomed below $170 in September. Despite the significant price plunge, Ethereum continues to remain popular among developers, as it can be witnessed from the participation drawn by a hackathon in San Francisco.

It was revealed that 1,000 developers were hacking Ethereum at the ongoing hackathon in San Francisco. The Palace of Fine Arts in the city housed 1,000 developers from October 5 to October 7. The event is a part of a new movement that began earlier this year to expand the very successful ETH Waterloo hackathon across various regions.

ETH San Francisco from ETHGlobal

The ETH San Francisco is an opportunity to work alongside the developers, industry experts, advisers, and companies who are making the infrastructure and applications that will power the new decentralized web, as stated on its website.

The hackathon is a part of the initiative by ETHGlobal whose aim is to foster a world-class ecosystem of Ethereum developers and entrepreneurs, who are collectively building the Web 3 world. ETHGlobal offers assistance and expertise to regional hackathons in different geographies across the world, apart from hosting a major hackathon every year. Previously, they have hosted ETH Waterloo, ETH Denver, ETH Buenos Aires, ETH India and ETH Berlin.

Among the hackathons judges and speakers were Ethereum Foundations Chief Scientist Vitalik Buterin, Coinbases CTO Balaji Srinivasan, Paradigms VC Fred Ehrsam, Scalar Capitals VC Linda Xie, ConsenSys Storyteller Simon de la Rouviere, Ox Projects co-founder Will Warren, Paritys Co-founder Bjorn Wagner and Augurs Co-founder Joey Krug.

Maker Dao, NuCypher, RCN Global lending, Celer, ZK Capital, Liquidity Network, Ox Project, Skale Labs, Brave, Bloqboard, Augur, Chainlink, Connext, ConsenSys, Blockchain Capital, Harbor, Dharma, the graph, Set protocol, Kyber network, Adex network, Clearmatics, Quantstamp and Shyft were among the sponsors of the event.

Developers supporting Ethereum despite price decline

2018 has been a turbulent year for Ethereum, which, after attaining its all-time high of $1417 in January, to a low of $169 in September. The cause of the price decline has been attributed to the massive selling pressure placed upon Ethereum by ICOs. According to Biswa Das, a founding partner at crypto hedge fund Bloomwater Capital, projects have been selling Ethereum to manage operational expenses and because of the fear that the market will continue to plunge.

Developers, however, have been supporting Ethereum actively. According to a popular independent vlogger,...

00:50

Dubai to Launch Blockchain Payments with State Digital Currency emCash News CCN

Dubai emCashDubai residents will soon have the means to make payments for school fees, bills and other retail purchases with emCash, a state-developed blockchain-based digital currency. The UAEs first official credit bureau emCredit under the Dubai Department of Economic Development is pushing its official blockchain-encrypted state digital currency emCash for wider adoption by rolling

The post Dubai to Launch Blockchain Payments with State Digital Currency emCash appeared first on CCN

00:40

India's Federal Bank Is Building a Remittance App on R3's Corda CoinDesk

An Indian commercial bank has revealed it is building a cross-border remittance app based on R3's Corda blockchain platform.

00:35

China: Man Gets 3.5 Years in Jail for Stealing Train Power to Mine Bitcoin, Local Media Cointelegraph.com News

A man in China has been been sentenced to 3.5 years in jail for stealing electricity from a train station to mine Bitcoin, says local media

00:23

Crypto Incentivizes the Capture Data for the Global Seafood Industry NewsBTC

When your food has traveled from half a world away, how can full supply chain traceability from source to the table be provided?

The volume of imports and exports surrounding what is in the 21st century a thoroughly international seafood industry, is widely reported to be continually expanding at an exponential rate.

Fish out of water

When it comes to produce, the origin and journey of a fresh product bring great value to both the paying consumer and, as a result, the retailer as well. Conversely, mistakes can be scandalous and even dangerous to consumers.

Not every producer-retailer or consumer has access to the same means or markets, and this is particularly true for landlocked countries.

That doesnt mean that consumers and businesses in such regions dont possess the same appreciation (if not more, on occasions) than those facing the sea.

Such regions are serviced, in large part, by the import and export industry, which has enjoyed unmitigated growth in many countries throughout the last decade.

An incentivizing solution

In a world of oversaturation with regard to the ICO space, it can be difficult to identify the diamonds in the rough.

Fishcoin aims to prove itself to be one of these gems.

The team is interweaving a multitude of solutions, which fundamentally incorporates the benefits of blockchain technology, to the many problems and challenges facing the massive seafood industry today.

Fishcoins dec...

00:20

Binance Exchange to Replace Token Listing Fees With Donations Bitcoin News

Binance Exchange to Replace Token Listing Fees With Donations

The popular Binance exchange has decide to replace its token listing fees with donations. The move follows a recent wave of strong criticism against cryptocurrency exchanges for the supposedly excessive fees they charge projects.

Also Read: Binance Wants to Invest in Africa, Reaches Out to African Projects

Donations Instead of Fees

Binance Exchange to Replace Token Listing Fees With DonationsThe Binance exchange has announced today a major change to its token listing fee policy. The team revealed that: Starting immediately, and going forward, we will make all listing fees transparent and donate 100% of them to charity.

According to the new policy, leaders of any project will be able to determine their desired fees (donations) themselves. Binances charity initiative will then disclose those sums to the public. The company claims it will not dictate any mini...

00:02

Spanish Bitcoin Miner Plans 300 MW Solar Plant with Panels from China News CCN

solar panel blockchain cryptocurrencyCryptosolartech, a Spanish cryptocurrency mining firm that uses renewable energy for its operations, has contracted a Chinese maker of photovoltaic solar panels to put up a solar farm with a production capacity of 300 MW. Risen Energy Spain, the Spanish subsidiary of Chinese firm Risen Energy, is partnering with Cryptosolartech to build the solar farm

The post Spanish Bitcoin Miner Plans 300 MW Solar Plant with Panels from China appeared first on CCN

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Monday, 08 October

23:54

Crypto Is More Centralized Than North Korea, Says Dr. Doom Economist Roubini Cointelegraph.com News

Economist and crypto critic Nouriel Roubini says Bitcoin has the worst inequality coefficient in the world, comparing it to the North Korean regime

23:30

Venezuelans Forced to Use Petro Cryptocurrency to Pay for Passports CoinDesk

Venezuelans must now pay for passports with the country's controversial petro token, according to a report.

23:22

Is it Safe to Send Crypto via Email? New Payment Platform Promises Complete Security Cointelegraph.com News

New platform allows sending crypto via email and says complete security is provided by decentralizing private key shards #SPONSORED

22:54

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22:40

How Big Four Auditors Delve Into Blockchain: PwC, Deloitte, EY and KPMG Approaches Compared Cointelegraph.com News

Big Four Auditors PwC, KPMG, EY, and Deloitte are using different approach to help large-scale conglomerates implement blockchain technology

22:36

Tron (TRX) Jumps 12% as Founder Justin Sun Announces Virtual Machine Launch News CCN

stellar priceTron on Monday appreciated 12 percent against the US Dollar to restest August high near $0.028. The spike came hours after Justin Sun, CEO and Founder of the Tron Foundation, announced that their super representatives reached consensus to launch the Tron Committee Function and Tron Virtual Machine (TVM). TVM launch marks an important step towards

The post Tron (TRX) Jumps 12% as Founder Justin Sun Announces Virtual Machine Launch appeared first on CCN

22:30

IBM's Food Blockchain Is Going Live With a Supermarket Giant on Board CoinDesk

IBM is taking its food-tracking blockchain into production and has already signed up European supermarket giant Carrefour.

22:30

Wall Street Forays Into Crypto, Bitcoin Stabilizes, Could It Be A Coincidence? NewsBTC

As seen by the recent public outcry, there are many crypto investors that have been irked by the current state of the cryptocurrency market. Bitcoin remains steady at $6,600, with a majority of the foremost altcoins showing similar price movements, or lack thereof to be more specific, leading some to call the often-volatile crypto market boring, for once in a blue moon. While the low volatility levels posted by crypto assets have been widely attributed to speculators throwing in the towel, some claim that Wall Street catalyzed the Bitcoin bore.

Bitcoin Hits 17-Month Volatility Low

Cryptocurrencies, like BTC, have long been defined for their volatile, unpredictable nature, with prices seemingly changing on a whim, resulting in drastic variations on a day-to-day timetable. Time and time again, crypto has been subject to non-linear price action, with the valuation of some digital assets seeing tenfold gains in days just to crash by 95% in the week that followed.

So, seeing that the market has taken a U-turn from unpredictability, with Bitcoin recently establishing a 17-month volatility low, it makes sense why TheCryptoDog, one of the crypto industrys most beloved commentators and analysts, joking called BTC the most decentralized stablecoin. In fact, against all the odds, BTC has remained bound within a $600 range for the past eight weeks, which is nearly unheard of when it comes to crypto assets.

There are some rational theories that explain the peculiar disappearance of volatility, however, with the widespread arrival of institutional investment being a potential catalyst, coupled with lower volume levels in general. As explained by Business Insiders Frank Chaparro on August 31st, the entrance of Wall Street firms and institutional funds into crypto has likely sparked the relative dry spell in this nascent market.

Speaking with Chaparro, Danny Kim, the head of growth at SFOX, brought credence to this theory, revealing that prior to institutional involvement (pre-2018), BTC price differences from exchange-to-exchange varied to as high as 4.5%. Although volatility isnt directly tied to arbitrage opportunities, which Kim is referencing, the fact that these differences are no more than 0.1 percent today shows that something fundamental has shifted in the underlying folds of this industry.

The SFOX executive stated:

As this trend continues, the stabilizing effects of institutional investment w...

22:21

Crypto Giant Binance Will Donate All Coin Listing Fees to Charity News CCN

binance cryptocurrency exchangeBinance announced that as of today the company will make all listing fees transparent. In addition, 100% of fees will be donated to charity. The move is likely to generate a fair amount of attention for the worlds largest cryptocurrency exchange by trading volume. Previously, listing fees on Binance the cost of listing a cryptocurrency

The post Crypto Giant Binance Will Donate All Coin Listing Fees to Charity appeared first on CCN

22:15

Bitcoin's Price Volatility Just Hit Another 15-Month Low CoinDesk

Bitcoin price volatility continues to drop, with the weekly price range hitting its lowest level since July 2017.

22:02

Worlds Largest Crypto Exchange Binance Announces All Listing Fees Will Be Donated to Charity Cointelegraph.com News

Binance announces all listing fees will be donated to charity from now on, noting the altcoins developers will decide the amount themselves

22:00

Binance Labs Invests Millions in Blockchain Auditing Platform CertiK CoinDesk

Binance Labs, the crypto exchange's incubator wing, says it has has invested millions in smart contract and blockchain auditing platform CertiK.

21:51

Prominent Investor: Crypto Bear Market Makes it Safe For Institutional Investors to Enter NewsBTC

Institutional investors are pouring in big bags of their money into the crypto world. And, a prominent investor believes it is the rightest time to do so.

Garry Tan, co-founder of Initialized Capital, thinks crypto markets bearish bias this year has reduced investment risks for new entrants, especially institutional investors. The 37-year old entrepreneur, who has invested in crypto startups like Coinbase in the past, said the money these institutions are injecting in cryptocurrency economy is as much same as an endowment might put into a core venture capital investment.

Bitcoin and the rest of the cryptocurrency market had a bullish year in 2017. But, as the industry moved to the subsequent monthly quarters, the gains began to fade away by huge margins. As a result, the total crypto market capitalization, which peaked to circa $795 billion the previous year, has now shrunk to $218 billion. That is around 72 percent loss in less than a year.

But, many analysts believe the bear market is bottoming out. Bitcoin, which is considered the locomotive of the entire cryptocurrency market, has found a strong support at around $6,000. Tan hints that many institutional investors have entered long positions around the said bottom, thinking it would be a safer strategy than opening positions on higher high formations.

It could mean that a big chunk of money will not move out of the Bitcoin market anywhere below $6,000, which means the same for each top coins bottom. For instance, Ethereum, the second largest cryptocurrency by market cap, has found its base near $200. Similarly, Ripple, Bitcoin Cash, EOS, Monero, and Litecoin are also in a rebound from their respective yearly lows.

Investors, however, continue to be in losses due to the underperformance of their crypto funds. The previous years witnessed the most significant number of crypto hedge fund deployments. Crypto market was very bullish due to ungrounded predictions of multi-million dollar growth. At the same time, many hedge fund managers overestimated the growth of their portfolio and spent millions of dollars worth of...

21:41

Crypto Exchange Bitfinex Denies Rumors of 'Insolvency' and 'Banking Issues' Cointelegraph.com News

Major crypto exchange Bitfinex has responded to a recent swathe of online rumors, denying that the exchange is insolvent or facing banking issues

21:30

Binance to Disclose Crypto Listing Fees, Donate 100% to Charity CoinDesk

Binance, the world's largest crypto exchange by trading volume, says all listing fees will now be declared and donated to its charity arm.

21:24

China to Draft for Three Domestic Blockchain Standards in 2018 News CCN

The China Electronics Standardization Institute (CESI), a government organization under the countrys Ministry of Industry and Information Technology (MIIT), plans to release three blockchain standards for smart contracts, privacy and deposits as a way to improve the countrys development of the blockchain industry. The standards, which would be association based, were announced by Li Ming,

The post China to Draft for Three Domestic Blockchain Standards in 2018 appeared first on CCN

20:30

Crypto Exchange Bitfinex Denies Accusations of Insolvency CoinDesk

Bitfinex has hit back against claims it is insolvent, disclosing wallet addresses appearing to show it holds over $1.5 billion in crypto assets.

20:28

Bitcoin Price Watch: BTC/USD Holding Key Supports Above $6,350 NewsBTC

Key Points

  • Bitcoin price is trading above the $6,400 and $6,450 support levels against the US Dollar.
  • There is a significant contracting triangle in place with support at $6,460 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could make the next move either above $6,640 or below $6,460 in the near term.

Bitcoin price is trading nicely above the $6,350 pivot level against the US Dollar. BTC/USD is likely to make an attempt to surpass the $6,640 resistance.

Bitcoin Price Analysis

There was a strong support base formed above the $6,320 and $6,350 levels by bitcoin price against the US Dollar. The BTC/USD pair traded higher and formed a few lower highs at $6,800, $6,700 and $6,640. The recent swing low was formed at $6,398 before the price traded above $6,500. There was a break above the $6,600 level and the 100 hourly simple moving average. The price even broke the 50% Fib retracement level of the last drop from the $6,797 high to $6,398 low.

However, the upside move was capped by the $6,640 level. It represents the 61.8% Fib retracement level of the last drop from the $6,797 high to $6,398 low. The pair declined and traded below the $6,550 level and the 100 hourly SMA. At the outset, there is a significant contracting triangle in place with support at $6,460 on the hourly chart of the BTC/USD pair. On the upside, a break above the triangle resistance and $6,640 is needed for a push towards $6,800. On the other hand, below the triangle support the price could decline towards the key $6,350 support.

Bitcoin Price Analysis BTC Chart

Looking at the chart, bitcoin price seems to be preparing for the next move either above $6,640 or below $6,460. The current price action indicates that buyers may soon try to push the price above $6,640 and $6,700.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is mostly flat in the bearish zone.

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

Major Support Level $6,460

Major Resistance Level $6,640

The post Bitcoin Price...

20:22

Messaging Giant Kakao Corp Releases Blockchain Platform Testnet Ahead Of Q1 2019 Launch Cointelegraph.com News

South Korean messaging giant Kakaos blockchain DApp platform has gone live in testnet form

20:20

Cryptocurrency Exchange ShapeShift Bites Back at Money Laundering Claims News CCN

ShapeshiftA Wall Street Journal report recently alleged that blockchain firm ShapeShift was one of the largest recipients of illicit funds. Now the firm hits back on the criticism. Posted on the companys official blog, ShapeShift said that the overall article contains factual inaccuracies and has omitted significant details regarding how ShapeShift operates. The piece shows a misunderstanding of blockchain

The post Cryptocurrency Exchange ShapeShift Bites Back at Money Laundering Claims appeared first on CCN

19:28

Cardano Price Analysis: ADA/USD Showing Positive Signs Above $0.080 NewsBTC

Key Highlights

  • ADA price is trading with a bullish angle above the $0.0800 support against the US Dollar (tethered).
  • There was a break above a major bearish trend line with resistance at $0.0820 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair is likely to continue higher towards the $0.0880 and $0.0900 levels in the near term.

Cardano price is slowly moving higher against the US Dollar and Bitcoin. ADA/USD could continue to trade higher and dips remain supported near $0.0820.

Cardano Price Analysis

There was a decent base formed near the $0.0790 level in cardano price against the US Dollar. The ADA/USD pair started an upside move and traded above the $0.0820 and $0.0830 resistance levels. The upside move was positive as the price settled above $0.0820 and the 100 hourly simple moving average. The current price action is positive above the $0.0800 pivot level.

During the climb, there was a break above a major bearish trend line with resistance at $0.0820 on the hourly chart of the ADA/USD pair. The pair traded as high as $0.0855 and it is currently consolidating gains. An initial support is near the 23.6% Fibonacci retracement level of the recent wave from the $0.0802 low to $0.0855 high. Below $0.0844, the price is likely to test the $0.0830 support. It coincides with the 50% Fibonacci retracement level of the recent wave from the $0.0802 low to $0.0855 high. There is also a connecting bullish trend line with support at $0.0815 on the same chart.

Cardano Price Analysis ADA Chart

The chart indicates that ADA price is trading with a positive bias above the $0.0815 level. On the upside, a break above the $0.0855 high could trigger more gains. The next key hurdles for buyers are near $0.0880 and $0.0900.

Hourly MACD The MACD for ADA/USD is currently reducing its bullish slope

Hourly RSI The RSI for ADA/USD is positioned well above the 50 and 55 levels.

Major Support Level $0.0815

Major Resistance Level $0.0855

The post Cardano Price Analysis: ADA/USD Showing Positive Signs Above $0.080 appeared first...

19:16

Bank of America Analyst: Blockchain as a Service Market to Reach $7 Billion News CCN

BlockchainA recent analysis by Bank of Americas Kash Rangan suggests that blockchain adoption will become a multi-billion dollar business. Tech giant Microsoft already offers BaaS (Blockchain as a service) tools and services through Microsoft Azure which launched in 2015. Microsofts Azure includes a sandbox where developers can test their apps before launch as well as various

The post Bank of America Analyst: Blockchain as a Service Market to Reach $7 Billion appeared first on CCN

18:50

The Daily: BTC Volatility Low, New Liquidity Ranking Site & PwC Backs Stablecoin Bitcoin News

Markets Update: Bitcoin Cash Prices Up Over 60% This Week

To kick-start the new week, we bring you news of bitcoin hitting a record low for volatility, not price. Theres also been an altcoin breakout ahead of an impending Coinbase listing, a new metric for ranking cryptocurrencies and an obligatory new stablecoin story. Its all covered in Mondays edition of The Daily.

Also read: Rapper Soulja Boy Releases New Single Titled Bitcoin

Bitcoin Goes Nowhere

Markets Update: Cryptocurrencies See Volatile Prices After Canceled ForkFor the past two weeks, bitcoin core (BTC) has done precisely nothing price-wise, adhering closely to $6,600 territory. While behind the scenes theres been plenty of development work going on, in the markets theres been little cause for cheer or for gloom. So stable has BTC been, with its volatilit...

18:30

Ripple Price Analysis: XRP/USD Under Pressure Below $0.5050 NewsBTC

Key Highlights

  • Ripple price declined heavily and broke the $0.5200 and $0.5050 support levels against the US dollar.
  • This is a major bearish trend line in place with resistance at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair remains in a bearish zone as long as there is no close above $0.4950 and $0.5050.

Ripple price trimmed most of its gains against the US Dollar and Bitcoin. XRP/USD is likely to decline further unless buyers push the price above $0.5050.

Ripple Price Analysis

This past week, there was a steady downside initiated from the $0.5440 swing high in Ripple price against the US Dollar. The XRP/USD pair declined and broke a couple of important support levels like $0.5200 and $0.5050. The downside move was such that the price settled below $0.5000 and the 100 hourly simple moving average. It traded as low as $0.4620 and it is currently correcting higher.

The price has moved above the 23.6% Fib retracement level of the recent decline from the $0.5284 high to $0.4620 low. However, the price is approaching a crucial resistance area near $0.4950. More importantly, there is a major bearish trend line in place with resistance at $0.4950 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the recent decline from the $0.5284 high to $0.4620 low. Therefore, it wont be easy for buyers to clear the $0.4950 resistance. Above this, the next major barrier awaits near $0.5050, which was a support earlier.

Ripple Price Analysis XRP Chart

Looking at the chart, ripple price seems to be under a lot of pressure below $0.5050. If it fails to recover above $0.4950, there could be more losses towards $0.4600.

Looking at the technical indicators:

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

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

Major Support Level $0.4620

Major Resistance Level $0.4950

The post Ripple Price Analysis: XRP/USD Under Pressure Below $0.5050 appeared first on...

18:10

Zaif Delays Customer Compensation Plan after $60 Million Crypto Theft News CCN

Zaif CryptocurrencyTech Bureau, operator of Japanese cryptocurrency exchange Zaif, is yet to reveal a compensation strategy for customers who suffered losses from an infamous $60 million theft three weeks ago. Osaka-based Tech Bureau has already halted new user registrations to focus on reimbursing customers who collectively lost 4.5 billion ($40 million) from the 6.7 billion ($60

The post Zaif Delays Customer Compensation Plan after $60 Million Crypto Theft appeared first on CCN

17:51

Bitcoin News Summary October 8, 2018 99 Bitcoins

Heres what happened this week in Bitcoin in 99 seconds. Chinas longest-running technology magazine, Beijing Sci-Tech Report, will accept Bitcoin payments for annual subscriptions. Starting in 2019, readers will can pay 0.01 BTC to receive the publication. Some crypto industry research by Diar p

17:49

From Encrypted Messaging to Critical Fire Systems: Blockchain for Security Sector Cointelegraph.com News

Law enforcement agencies and the military could benefit from blockchain as much as financial institutions do. DARPA is already in

17:28

Ethereum Price Analysis: ETH/USD Remains Supported Above $220 NewsBTC

Key Highlights

  • ETH price is holding the $220 support level very well against the US Dollar.
  • There is a short-term connecting bearish trend line formed with resistance at $225 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $225, $228 and $230 resistance levels to gain momentum in the near term.

Ethereum price remained above key supports against the US Dollar and bitcoin. ETH/USD is placed nicely for more gains above the $214 trend support.

Ethereum Price Analysis

Recently, there was a solid support base formed near the $219-220 zone in ETH price against the US Dollar. The ETH/USD pair started an upside move and settled above the $222 level. There was also a break above the 23.6% Fib retracement level of the recent decline from the $230 high to $220 low. Moreover, the price traded above the $224 level and settled above the 100 hourly simple moving average.

However, the upside move was capped by the $225-226 resistance zone. More importantly, there is a short-term connecting bearish trend line formed with resistance at $225 on the hourly chart of ETH/USD. Additionally, the 50% Fib retracement level of the recent decline from the $230 high to $220 low is also acting as a resistance. If buyers push the price above the trend line and $226, there could be more gains. The next major resistance on the upside above $226 is near the $230 level, which is also a significant pivot level. On the downside, an initial support is near the $222 level and the 100 hourly SMA.

Ethereum Price Analysis ETH Chart

Looking at the chart, ETH price is placed nicely above the $222, $220 and $214 support levels. As long as the price is above the $214 pivot level, there are chances of an upside move. In the mentioned case, the price will most likely move above the $225-226 resistance zone.

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

Hourly RSI The RSI is currently placed above the 50 level.

Major Support Level $220

Major Resistance Level $226

The post Ethereum Price Analysis: ETH/USD Rema...

17:00

Seoul Mayor Plans $100 Million Fund to Build Blockchain Smart City CoinDesk

The mayor of Seoul plans to invest $100 million over the next five years to develop the South Korean capital as a smart city powered by blockchain.

16:55

Bitcoin Opinion: Mixed Signals Arising. When Moon? News CCN

Bitcoin price continues to move side-ways and there isnt much volume coming into cryptocurrency. There are some catalysts that could potentially kick-start another bull-run, however, uncertainty is an important characteristic of any market; it becomes quite hard to predict the best time-frame to put some fresh cash into cryptocurrency. My non-professional advise? Dont try to

The post Bitcoin Opinion: Mixed Signals Arising. When Moon? appeared first on CCN

16:48

Rapper Soulja Boy Releases New Single Titled Bitcoin Bitcoin News

Rapper Soulja Boy Releases New Single Titled 'Bitcoin'

Former Grammy and Nickelodeon Kids Choice Awards nominee Soulja Boy has become the latest celebrity seeking to associate themselves with cryptocurrency after releasing his new single, Bitcoin.

Also Read: U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

Soulja Boy Drops Bitcoin Single

Rapper Soulja Boy Releases New Single Titled 'Bitcoin'Soulja Boys latest single, titled Bitcoin, comprises a slightly confounding attempt to brag about the riches Soulja has accrued through cryptocurrency investments.

The songs chorus opens by asserting that Soulja Boy has made 100 racks off of bitcoin. According to Urbandictionary, one rack is equal to $1,000 USD, meaning that Soulja is claiming to have realized a return of $100,000 on his cryptocurrency investments.

However, the chorus also proc...

16:30

Prominent Investor: Institutional Investments in Crypto Funds is a Big Deal NewsBTC

Crypto industry has received an unusual amount of funding this year from investors. And a prominent venture capital investor thinks it is a big deal.

Garry Tan, an early stage investor with companies like Coinbase and Instacart in his portfolio, commented on the growing amount of institutional money that is flowing into crypto-funds. He stated that he is super confused at the FUD this old-school-new-school combination is receiving from the core crypto believers.

Emphasizing that mainstream investors were not pouring in small money, Tan said the endowment equates investments that are put by venture capitalists.

Is it a negligible amount? No, he added.

Cryptocurrency funds have emerged as an alternative to investors who prefer to pour-in more significant capitals into cryptocurrencies than average retail investors. The fund somewhat works like a traditional hedge fund but contrasts itself by adding cryptocurrencies instead of mainstream assets to its portfolio. These funds come with their own lower cap of investments. Therefore, big investors put in big money into a pool of funds, and leave it under the watch of professional hedge custodians in hopes for growth.

A very recent example which explains the popularity of cryptocurrency funds among mainstream investors comes from Yale University. David Swensen, a prominent caretaker of the universitys $29.4 million endowment fund, recently took $400 million worth of positions in two portfolios dedicated to cryptocurrencies. Paradigm, a fund co-launched by Coinbase, manages one of the funds. 

Core crypto believers think crypto funds are institutionalizing Bitcoin, a digital currency built on the idea of decentralization. The core principle of the blockchain, which is the distributed ownership of validation, security, and trust, goes against the workings of centralized custodianships. Blockchain allows users to govern their wealth by keeping a private key. In the case of crypto funds, managers require control to the investors digital assets by getting access to their private keys.

Stanford University in their February 2018 study, titled Rise of the Crypto Hedge Fund, writes:

The safeguarding of private keys is the utmost security concern for fund managers, and any dissemination of those keysincluding to third-party custodianswill only serve to increase the risk of theft. The more people have access to keys, and the more computers or servers on which those keys can be found, the more likely that those keys can be hacked or misap...

15:28

Bitcoin Cash Price Analysis: BCH/USD Eyeing Gains Above $525 NewsBTC

Key Points

  • Bitcoin cash price traded higher recently and moved above the $515 resistance against the US Dollar.
  • There was a break above a crucial bearish trend line with resistance at $512 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is now placed in a positive zone and it could continue to move higher towards $530 and $540.

Bitcoin cash price is slowly moving higher against the US Dollar. BCH/USD is likely to continue higher once buyers gain momentum above the $525 level.

Bitcoin Cash Price Analysis

This past week, there was a significant downside move below the $550 support in bitcoin cash price against the US Dollar. The BCH/USD pair traded below the $540 and $520 support levels. There was even a spike below the $500 level and a low was formed at $498. Later, buyers appeared and pushed the price back above the $500 level. Later, the price gained momentum and moved above the $510 and $515 resistance levels.

There was also a break above the 61.8% Fib retracement level of the last decline from the $523 high to $498 low. More importantly, there was a break above a crucial bearish trend line with resistance at $512 on the hourly chart of the BCH/USD pair. The pair is now trading nicely above the $510 level and the 100 hourly simple moving average. It traded close to the $525 resistance and is currently consolidating. On the upside, the next resistance is near $530 and the 1.236 Fib extension level of the last decline from the $523 high to $498 low. Above $530, the price could trade towards the $540 level, which is near the 1.618 Fib extension.

Bitcoin Cash Price Analysis BCH Chart

Looking at the chart, BCH price is now placed nicely in a positive zone above $510 and it could test $530 and $540 in the near term.

Looking at the technical indicators:

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

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

Major Support Level $510

Major Resistance Level $530

The post Bitcoin Cash Price Analysis: BCH/USD Eyeing Gains Abov...

15:18

Ripple (XRP) Price Watch: Double Bottom and Trend Line Break NewsBTC

Ripple Price Key Highlights

  • Ripple is breaking above the descending trend line thats been holding since the start of the month to signal a reversal.
  • Price is still retesting the broken resistance, and there may be a chance that this could be a fake out.
  • Technical indicators are also suggesting that the selloff could still resume from here.

Ripple is starting to break above the descending trend line on its 1-hour chart but is still too close to the resistance.

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. The gap between the two is also still widening to signal strengthening selling pressure, and there seems to be no sign of an imminent bullish crossover.

Further gains past current levels could take Ripple to the 100 SMA dynamic inflection point around 0.5000 or the 200 SMA at 0.5300. Note that Ripple also seems to have broken past the neckline of a small double bottom reversal pattern, so a rally of the same size may be in the works.

Stochastic is heading higher to indicate that buyers are in control of the game right now, but the oscillator is also nearing overbought levels to signal exhaustion. Turning back down could push Ripple back below the trend line to resume the slide. RSI also has some room to climb so buyers might have energy to sustain the climb, but the oscillator is also nearing overbought levels.

Ripple has drawn support from the WTO report highlighting its potential for disrupting the supply chain industry. It indicated:

Ripple has ambitions to circumvent the correspondent banking model through its distributed ledger platform. It gives banks the ability to convert funds directly into different currencies in a matter of seconds and at little to no cost, without relying on correspondent banks.

The post Ripple (XRP) Price Watch: Double Bottom and Trend Line Break appeared first on NewsBTC.

14:41

Bitcoin (BTC) Price Watch: Is That a Bullish Breakout Yet? NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price appears to be closing above the top of its symmetrical triangle pattern to show that bulls are gaining the upper hand.
  • If so, this could lead to a rally thats roughly the same height as the formation, which spans $6,000 to $10,000.
  • Technical indicators are giving mixed signals, although there seem to be signs of slowing bearish pressure.

Bitcoin could be breaking above the top of its symmetrical triangle to signal that a longer-term climb is underway.

Technical Indicators Signals

The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In other words, there might still be a chance that this is a fake out and that the selloff could resume. Price has yet to test and break past the 100 SMA dynamic inflection point but when it does, more bulls could join in and push for a test of the 200 SMA next.

Stochastic is slowly heading lower after recently hitting overbought levels. This signals that sellers still have some energy left in them before oversold conditions are seen. RSI is still cruising sideways to reflect consolidation action and has yet to catch up to the recent upside move.

BTCUSD Chart from TradingView

BTCUSD Chart from TradingView

Bitcoin price drew support from the WTO report highlighting the role of cryptocurrencies in disrupting the global financial industry. It indicated:

Much of the excitement about blockchain technology has been centred on public permissionless blockchains used for cryptocurrencies. However, the potential use of blockchain technology extends to many other applications, from banking and finance to land registration, online voting, and even supply chain integration

In particular, it lauded bitcoin and ethereum for being pioneers in this space that is resilient to cyber-attacks. However, it did note that scalability is still an issue for many of these.

The post Bitcoin (BTC) Price Watch: Is That a Bullish Breakout Yet? appeared first on NewsBTC.

14:25

U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro Bitcoin News

U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

A bipartisan group of senators in the United States are seeking strong sanctions against Venezuelas Petro. The proposed sanctions would extend an executive order from March to prohibit U.S. residents from providing software to the Venezuelan government in its efforts to launch the Petro.

Also Read: Venezuela Demands Citizens Pay for Passports With Petro

U.S. Lawmakers Seek Tighter Sanctions Against Petro

U.S. Senators Push for Stronger Sanctions Against Venezuelan PetroA bill sponsored by U.S senators Senators Bob Menendez, Marco Rubio, Bill Nelson, John Cornyn, Dick Durbin, David Perdue, Ben Cardin, Ted Cruz, Tim Kaine, Michael Bennet, and Patrick Leahy has sought tighter sanctions against Venezuelas state-backed cryptocurrency.

The bill, fir...

14:01

Good Money's Master Plan: A Stealth Bid to Get Celebrities Promoting Crypto CoinDesk

Can flat abs gurus and mommy bloggers sell the masses on using crypto? Inside the stealth startup that's raising big to do just that.

13:45

Cryptocurrency Trading Update: Tron Moving Monday Markets NewsBTC

FOMO Moments

Motionless Monday on crypto markets; Tron and 0x climbing well, DigixDAO dropping back.

A very predictable decline saw markets fall back again over the weekend but only by a little. During Asian trading this Monday morning they have made small gains but nothing significant as total market capitalization is still below $220 billion.

Bitcoin is still static, unmovable from its $6,600 level where it has been for the past week or so. BTC has not really moved at all over the past 30 days either. There is no good news for Ethereum which also lacking momentum and still lulling around the $225 level where it has been for a while.

Altcoins are generally in the green again today but gains are minimal. In the top ten Cardano is showing the largest gain with 3.4% to trade at $0.084. ADA has a long way to go though as it is still over 90% down from its all-time high. The rest are moving less than a percent and Monero is falling back by 1.5%.

The top twenty has a few better performers with Tron taking todays top prize with a 12% climb to $0.027. Trade volume has doubled from $170 to $340 million overnight as TRX enjoys a 23% gain on the week. There has been plenty to talk about in the Tron camp with new TRC20 token deployment, plans for mass scaling, and lots of marketing Kung Fu from Justin Sun.

Nem is up 2.3% but there isnt much else happening in the top twenty. Other big movers in the top one hundred include Noah Coin pumping 20%, CyberMiles and Bitcoin Private climbing 12% and 0x making 11% on the day. At the red end of things is DigixDAO dropping 6.4% with Dentacoin losing 5% at the moment.

Total market capitalization has not done much at all over the past few days. It is currently at $218 billion, up half a percent since this time yesterday. Over the past week markets have retracted 2.7% but things are still generally flat as the bears are preventing the bulls taking hold. Bitcoin dominance has crept up a touch this Monday morning to 52.3% but it too is stagnant at the moment.

FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.

The post...

13:00

XRP Price Analysis: 45 cents to 55 Cents Perfect for Buying at Discount NewsBTC

From xRapid launch, comments from Michael Didiuk and recent partnership between Ripple Labs and Santanders One Pay X, Ripple fundamentals are vibrant.  However, we are yet to see that spill over to price. So far, XRP is down 18 percent from last weeks highs but could pull back above 50 cents. Once it does, conservative traders can buy on pull backs with first targets at 80 cents as per our previous XRP highlights.

Latest Ripple News

Its like the anticipation of SEC to deliver a favorable ruling on XRP has got investors on a chock hold. Thing is, it will be a tap-out for XRP should the SEC say it is far from being a utility. On the flip side, it will soar; lifting with it the market if it turns out XRP is a utility not subject to SEC oversight. This shall place it on the same level as Bitcoin which SEC considers a utility with no third parties that can control price.

Encouragingly, Michael Didiuk, a former member of the SEC said XRP is a utility since it doesnt meet all the conditions set by the Howey Test. To him, XRP and Ripple can exist independently with none requiring a third party promoter advocating or marketing for the services of another.

At the moment, Ripple has three concurrent law suits. Coincidentally, all complainants strongly believe that they were dubbed into investing in XRP with promises of future gains by Ripple. Since then Ripple the company has been split into two distinct entities: Ripple Labs and Ripple. The latter is a software company promoting the likes of xRapid, xVia and xCurrent. Needless to say, Ripple and XRP are proving to be a force to reckon as they embark on their global outreach. The recent launch of xRapid will place XRP in the middle of the park while the talk of Convergence mean companies will find it irresistible not to use XRP for their cross border fund transfer.

XRP Price Analysis

Weekly Chart

...

12:00

Monero Price Analysis: XMR Collapses ahead of Update, Litecoin to be relisted at CEX.IO NewsBTC

Besides Tron which is up 13 percent in the last week, most altcoins are in consolidation and in loss making territory. Most notably are deep losses in Stellar Lumens which despite announcement from BitGo continue to register reds. Following suit is Monero which is bearish in line with our previous Monero price analysis. Overly, we remain cautiously optimistic and the only trigger will be sharp moves above key resistance trend line that shall invite risk-averse and conservative type of traders.

Lets have a look at these charts:

EOS Price Analysis

Block One, the publisher of EOS and the benefactor of the $4 billion worth of ETH following a year-long crowd funding is not short of controversy. After recent revelation of corruption, collusion and existence of voting cartels, Block One is on the offensive.

Well, it shall use part of their 100 million EOS to combat cartels and restore confidence to network users. While the initiative is grand as there shall be restoration of governance and security, the fact that Block One plans to use their majority ownership to tackle collusion squeezing out democracy.

EOS Price Analysis

Price wise and EOS prices are relatively stable and oscillating around last weeks highs. Its down roughly three percent complementing Oct 6 losses. Though bearish, its trading above the minor support trend line. From our previous EOS trade plan, our buy or sell entries depend on the strength of gains above $7 or drops towards $4.

The latter is an important support line and a sell trigger line. But, today, we recommend taking a neutral position. However, any close below the minor support trend line and aggressive sellers can load up small lot sizes with first targets at $4. Ideal stops should be at $6.

Litecoin Price Analysis

CEX.io, the UK crypto exchange platform, plans to rei...

11:42

Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor News CCN

ico stoAbout the Author: Jaron Lukasiewicz is the CEO and founder of Influential Capital. Jaron has been an executive in the industry since 2012, previously serving as CEO of Coinsetter, one of the first bitcoin exchanges in the US, and Cavirtex, a leading exchange in Canada. Both companies were acquired by Kraken in 2016. He runs a YouTube channel

The post Opinion | What is a Security Token Offering (STO) and Why You Need an Advisor appeared first on CCN

10:00

Rehypothecation: More about the Wall Street Practice that Could Ruin Bitcoin News CCN

bitcoin broken cryptocurrencyNote: This is part 4 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, How did we get to a place that where laws look like this? The Problem with Clearing

The post Rehypothecation: More about the Wall Street Practice that Could Ruin Bitcoin appeared first on CCN

09:05

Robinhood Crypto Expands to Three More States Bitcoin News

Robinhood Crypto Expands to Three More States

Crypto trading app Robinhood is now available in more U.S. states. In October, the platform has launched services in Rhode Island, Tennessee and Arkansas. The move brings the total to 24 states whose residents can now make zero-commission trades in several leading cryptocurrencies.

Also read: Increasing Number of Crypto ATMs in Europe Support BCH

App Available in Rhode Island, Tennessee, Arkansas

Robinhood, the popular mobile application that offers free trading of stocks, options, exchange-traded funds (ETFs), and crypto assets, has recently expanded its coverage in the U.S. adding Rhode Island, Tennessee and Arkansas since the beginning of October. The consecutive announcements made on social media came after the company launched in Alaska and Oklahoma last month.

...

08:27

Bitcoin Price Close to Bottom, Will See $10,000 this Year: Hedge Fund Mgr. News CCN

bitcoin price ready to rallyThe cryptocurrency market capitalization has dropped by $575 billion since its all-time high, and the bitcoin price has dropped by two-thirds since it peaked near $20,000. But a hedge fund manager believes the trend is about to reverse. Spencer Bogart, partner at cryptocurrency and blockchain venture firm blockchain Capital, predicted a bullish retracement for bitcoin

The post Bitcoin Price Close to Bottom, Will See $10,000 this Year: Hedge Fund Mgr. appeared first on CCN

07:05

Bitfinex Strongly Refutes Insolvency Claims Bitcoin News

Bitfinex Strongly Refutes Insolvency Claims

Bitfinex has vigorously refuted claims that it and its Tether stablecoin are on the brink of insolvency. Rumors have surrounded the opaque exchange for over a year, but have intensified in the past month. Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this, asserts a strongly worded denial.

Also read: Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find

Bitfinex Comes Out With All Guns Blazing

Bitfinex Starts Sharing Customer Tax Data with AuthoritiesRumors of Bitfinex and Tethers potential insolvency have been swirling through the cryptosphere in recent days. Such has been their virality that the normally uncommunicative exchange has taken the step of breaking its silence. In a blog post published today, Bitfinex emphatically refuted all such unfounded claims and took aim at...

06:53

Major Crypto Exchange Bitfinex Obtains Banking Partner in HSBC, Will it Last? News CCN

hsbc bitcoin cryptocurrency blockchainOn Oct. 6, Larry Cermak, former editor at Diar and head analyst at The Block, reported that leading crypto exchange Bitfinex obtained a banking partner in HSBC, a $133 billion banking giant based in London. Bitfinex is now banking with HSBC through a private account of Global Trading Solutions. Very good fit if you ask

The post Major Crypto Exchange Bitfinex Obtains Banking Partner in HSBC, Will it Last? appeared first on CCN

05:36

Blockchain Startup Inks Sponsorship Deal with British Masters Tournament News CCN

British masters blockchain golfA blockchain startup is going to be an official sponsor for a professional golf tournament in the United Kingdom. LIFElabs, a philanthropy-based crypto company, has entered into a sponsorship deal with the Sky Sports British Masters tournament, which is scheduled to begin next week. The partnership would mark LIFElabs as the first digital currency firm

The post Blockchain Startup Inks Sponsorship Deal with British Masters Tournament appeared first on CCN

05:05

Total of 7 Crypto Exchanges and 158 Wallets Hacked in South Korea, Police Find Bitcoin News

Total of 7 Crypto Exchange and 158 Wallet Hacks in Korea, Police Find

The South Korean National Police Agency has produced a report of all hacking incidents of crypto exchanges and wallets in the country during the past three years. According to local media, there were seven hacking cases of crypto exchanges and 158 cases of wallet hacks, 91 of which happened this year. However, only six arrests were made.

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

Korean Polices Crypto Hacking Report

The South Korean National Police Agency has compiled a report of known hacking incidents that occurred in the country since 2016, according to local media.

Total of 7 Crypto Exchange and 158 Wallet Hacks in Korea, Police FindLawmaker Cho Won-jin.

The report entitled Status and Measures of Hacking Damage of Virtual Currency Exchanges in the Last Three Years was submitted to the South Korean government and unveiled by lawmaker Cho Won-jin on Wednesday. The data shows there were seven [crypto exchange] hacking cases since 2016 and the amount illegally withdrawn through hacking was 112 b...

04:25

Venezuela Mandates Passport Fees Must Be Paid in Controversial Cryptocurrency Petro Cointelegraph.com News

New Venezuelan passports to cost 2 petros four times the national monthly minimum wage

04:19

Bitcoin Price Intraday Analysis: BTC/USD Undergoes False Breakout News CCN

bitcoin transactionsBitcoin spent its Sunday reclaiming its support near $6,500 after witnessing a false breakout action yesterday. The BTC/USD, in reality, is stable like it was the previous week. The pair kicked off today by correcting lower from the last short-term upside and false breakout range as discussed in this analysis. It eventually formed lower lows

The post Bitcoin Price Intraday Analysis: BTC/USD Undergoes False Breakout appeared first on CCN

04:06

Bitcoin, Altcoin Prices Shun Volatility Amid Multi-Year Trade Volume Lows Cointelegraph.com News

No major movements in crypto markets as Bitcoin sees week of relative calm

02:22

EOS Takes a Vow, Malta at the UN, and an $8 Billion Valuation: This Week in Crypto News CCN

coinbaseMake sure you check out our previous edition here, now lets go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Also make sure you check out our interview with Caitlin Long. Price Watch: Bitcoin is down 1.11% this week following a

The post EOS Takes a Vow, Malta at the UN, and an $8 Billion Valuation: This Week in Crypto appeared first on CCN

02:15

Hodlers Digest, October 1-8: WSJ Gets In and Out of Crypto, While BofA Sees a $7 Billion Future for Blockchain Cointelegraph.com News

The Bank of America sees a $7 billion future for blockchain, while Venezuela may finally launch the Petro in November

01:30

Venezuela Demands Citizens Pay for Passports With Petro Bitcoin News

Venezuela Demands Citizens Pay for Passports With Petro

Venezuelan authorities have found another way to impose the adoption of the state-issued cryptocurrency, the petro. Citizens will soon have to pay with the government-controlled digital coin if they want to obtain a travel document. Hundreds of Venezuelans are leaving the crisis-hit country every day.

Also read: New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian Candy

Embracing Maduros Crypto

Venezuela Demands Citizens Pay for Passports With PetroVenezuelans might not have embraced the national cryptocurrency yet but their government has adoption on the agenda and its looking for ways to enforce it. Citizens of the economically battered South American country have been leaving their homeland despite its presidents attempts to restrain the record hyperinflation, resuscitate the ruined econ...

01:03

Ripple Drops 8% as Volume Drops 50% in 1 Week, Bitcoin Remains Bearish News CCN

RippleOn October 6, CCN reported that the volume of Ripple has declined by more than 50 percent within the past four days. Since then, XRP has declined by around eight percent against the US dollar. The volume of Bitcoin has slightly recovered to $2 billion on CoinCap.io and $3.3 billion on Coinmarketcap, but the dominant

The post Ripple Drops 8% as Volume Drops 50% in 1 Week, Bitcoin Remains Bearish appeared first on CCN

00:09

U.S. Senate Candidate Signs Clemency Petition For Ross Ulbricht News CCN

bitcoinSilk Road founder Ross Ulbricht is currently serving a double life sentence plus 40 years for his role in operating the infamous Silk Road website. Ulbricht is not eligible for parole. He is currently imprisoned at the high-security United States Penitentiary, Florence High, in Colorado. In August, Maine State Senator and current U.S. Senate Candidate

The post U.S. Senate Candidate Signs Clemency Petition For Ross Ulbricht appeared first on CCN

Sunday, 07 October

23:55

Government Tracking of Crypto Is Growing, But There Are Ways to Avoid It Cointelegraph.com News

Government crypto-tracking is growing, but there are still ways to remain anonymous

23:36

Huge Cash Flows: Lithuania Voices Concern Over ICO, Crypto Trading Cointelegraph.com News

Crypto-to-fiat transactions over 80,000 under investigation by Lithuanian regulators.

23:20

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPA Bitcoin News

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPA

In todays edition of The Daily we cover stories about a well known economics professor and outspoken crypto-skeptic who is going to speak about the subject at the U.S. Senate, bitcoin-buying service Coinmama adding support for SEPA bank accounts holders, and more.

Also Read: Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary

Crypto-Skeptic Professor to Speak at US Senate

The Daily: Crypto-Skeptic Professor to Speak at US Senate, Coinmama Adds SEPARenowned economics professor Nouriel Roubini (commonly known as Dr. Doom) is set to tell American politicians about all the ills he sees in the cryptocurrency ecosystem. The Senate Banking Committee...

22:54

Hacked Bitcoin Exchange Zaif Discontinues New Registrations News CCN

Tech Bureau Inc., the owner of Zaif exchange, decided to suspend new account registrations at their trading platform temporarily. The decision came on September 28, 14 days after a hacking incident took place at Zaif and caused the crypto exchange more than $60 million worth of damages. Tech Bureau said in its press statement that

The post Hacked Bitcoin Exchange Zaif Discontinues New Registrations appeared first on CCN

22:06

Crypto Week In Review: $30B Ameritrade Brings Crypto to Mainstream, Coinbase Worth $8B NewsBTC

While the markets may indicate otherwise, the past seven days saw a slew of positive fundamental news bombard the cryptosphere, which has led some to pronounce that this week has been the best week for crypto all year.

TD Ameritrade To Introduce Crypto To 11 Million Investors

Earlier this week, on Wednesday, TD Ameritrade, an American brokerage firm with over $1.2 trillion worth of assets under management, announced that it had invested an undisclosed sum into ErisX, a crypto platform that has reportedly been in the works for months. According to the official announcement, ErisX, which has also been backed by DRW, Virtu Financial, and Cboe, is slated to become a fully-regulated, US-based derivative and investment vehicle exchange that will take a focus on digital assets.

Eventually, if regulators give a green light, ErisX, which is headed by former Citigroup executive Thomas Chippas, intends to unveil spot trading and physically-delivered futures support for Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. As per reports, the platform could be launched by Q2 of 2019, with ErisX initially supporting spot trading, before branching out to futures.

Speaking with CNBC Fast Money, Steven Quirk, executive vice president of TD Ameritrades Trader Group, explained that the banks top brass have high hopes for the platform and the firms backing it. Quirk elaborated:

I think the appeal for us is that [ErisX has] the biggest players in the Bitcoin space from a market making standpoint, both DRW and Virtu here, and you also have Cboe in a partnership with NEX. So you have people that are very well versed in this space and what were bringing to the table as a strategic investor is a pretty deep understanding of our 11+ million retail clients and what they look for when it comes to a product.

Quirk, who is passionate about investor education, added that ErisX will be the perfect regulated way for common consumers to gain access to this nascent market. He added that the futures contracts on this platform will be readily available for TD Ameritrades vast clientele, and to top it off, will be offered at no extra cost in comparison to Cboe or CMEs well-established crypto asset contracts.

Coinbase VP Leaves Company Amid Institutional Drive, $500 M...

21:30

Sidechains Are Bringing ICOs to Bitcoin And That Might Change Crypto Funding CoinDesk

By the end of the year, an initial coin offering will be launched on bitcoin. thanks to sidechains tech.

21:24

Binances Astronomical Success is Motivated By Adversities Faced in China News CCN

china cryptocurrencyThe regulatory clampdown on cryptocurrency exchanges in China has been noted as a key factor in the sensational growth of Binance in 2018. Launched in the middle of 2017, the rate of growth that Binance has experienced, both in terms of trading volume and capitalization has attracted a lot of attention within the cryptocurrency environment.

The post Binances Astronomical Success is Motivated By Adversities Faced in China appeared first on CCN

20:50

Negative Interest Is the Latest Government Scheme to Deter Saving Bitcoin News

Negative Interest Is The Latest Government Scheme to Deter Saving

Swedens central bank is discussing introducing a controversial new measure that will further deter its citizens from saving. The oxymoronic negative interest on tax accounts is technically designed to stimulate the economy. In reality, all it will do is encourage people to spend rather than save, boosting government figures for economic growth while disadvantaging society. Its merely the latest example of governments debasing their citizens savings in favor of debt-fueled consumerism.

Also read: Norway Establishes New Rules for Crypto Service Providers

Swedes Kiss Goodbye to Saving Incentives Thanks to Negative Interest

Negative Interest Is The Latest Government Scheme to Deter SavingOnline tax accounts are a popular saving scheme in Sweden that up until now has benefited people and politicians alike. The national saving program enables fiat savings to be placed in online accounts, which the government maintains on behalf of the people. To date, the initiative has been extraordinarily successful, encouraging Swedes to put away almost 100 billion Swedish kronor (~$11 billion USD) while earning interest, and serving as a cheap source of capital for the government.

...

19:34

Blockchain Use in the Life Science Organizations has Tripled Since 2017: Survey News CCN

Blockchain adoption in the life sciences has risen exponentially in the last one year despite the existence of significant barriers. According to The Pistoia Alliance, a global nonprofit of life science firms, 60% of the professionals in the pharmaceutical and life science sector are either currently using blockchain technology or at least experimenting with it.

The post Blockchain Use in the Life Science Organizations has Tripled Since 2017: Survey appeared first on CCN

17:55

Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary Bitcoin News

Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF Commentary

In recent news pertaining to cryptocurrency regulations, French lawmakers are considering a proposed amendment that would introduce a regulatory framework for crypto-asset intermediaries; the U.S. Securities and Exchange Commission (SEC) has announced October 26th as the deadline for the submission of public comments relating to the nine exchange-traded funds (ETFs) it recently rejected; and a U.S Commodity Futures Trading Commission (CFTC) cryptocurrency subcommittee has sparked debate surrounding self-regulation in the cryptocurrency industries.

Also Read: Norway Establishes New Rules for Crypto Service Providers

France Contemplates Regulations for Crypto-asset intermediaries

Regulations Roundup: Crypto-Intermediaries in France, SEC Deadline for Rejected ETF CommentaryFrance is contemplating introducing legislation that would enforce a regulatory framework specifically go...

17:28

Bitcoin Price Weekly Analysis: BTC/USD Buyers Losing Momentum Above $6,600 NewsBTC

Key Points

  • Bitcoin price formed a decent support near the $6,400 level against the US Dollar.
  • There was a break above a major bearish trend line with resistance at $6,540 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair is struggling to gain momentum above the $6,600 and $6,650 resistance levels.

Bitcoin price is trading with a positive bias above $6,400 against the US Dollar. BTC/USD must break the $6,650 resistance to gain upside momentum.

Bitcoin Price Analysis

This past week, bitcoin price found a strong buying interest above the $6,400 level against the US Dollar. The BTC/USD pair started an upside move and traded above the $6,480 resistance level. Buyers also surpassed the price above the 23.6% Fib retracement level of the last decline from the $6,800 high to $6,399 low. It opened the doors for more gains and the price spiked above the $6,600 level.

Moreover, there was a break above a major bearish trend line with resistance at $6,540 on the 4-hours chart of the BTC/USD pair. The pair tested the 61.8% Fib retracement level of the last decline from the $6,800 high to $6,399 low. It got rejected and there no proper close above the $6,650 level. The price also struggled to gain momentum above the $6,600 level and the 100 simple moving average (4-hours). A fresh downside leg was initiated and the price declined below the $6,550 level. At the moment, the price is consolidating below the $6,600 level and is preparing for the next move.

Bitcoin Price Weekly Analysis BTC Chart

Looking at the chart, BTC price could climb higher once again above $6,600. However, the price has to gain traction above the $6,650 level. The next hurdles for buyers are near the $6,700 and $6,800 levels. The key supports are at $6,480 and $6,400.

Looking at the technical indicators:

4-hours MACD The MACD for BTC/USD is slightly in the bullish zone.

4-hours RSI (Relative Strength Index) The RSI is currently above the 50 level.

Major Support Level $6,400

Major Resistance Level $6,650

The post Bitcoin Price Weekly Analysis: BTC/...

15:30

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat Bitcoin News

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

44 percent of those surveyed on crypto Twitter believe the price of bitcoin core (BTC) has room to go before finding bottom, while over half of Wall Street and institutional investors seem to believe BTCs bottom has been reached. The poll was conducted by Fundstrat, comparing the views comprised of 25 Wall Street related institutions against those of 9,500 respondents on Twitter.

Also read: Hong Kong-Based Crypto Exchange Coinex Pays Interest in BCH

Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic According to Fundstrat

Fundstrat: Wall Street is Optimistic While the Ecosystem Remains Sour on BTCs Price

Over the period of a week in late September of this year, Fundstrat conducted a poll between institutional or Wall Street investors and Twitter respondents, who might be considered...

15:28

Ethereum Price Weekly Analysis: ETH/USD Remains in Broad Range NewsBTC

Key Highlights

  • ETH price is currently trading in a broad range above the $210 support against the US Dollar.
  • There is an ascending channel formed with support at $222 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair may decline in the short term towards the $214 and $210 support levels.

Ethereum price is consolidating versus the US Dollar and Bitcoin. ETH/USD is at a risk of a minor downside correction towards the $214 support level.

Ethereum Price Analysis

This past week, there were mostly range moves above the $210 support in ETH price against the US Dollar. The ETH/USD pair traded higher above the $220 and $224 levels, but it failed to hold gains. During the upside move, there was a break above the $227 level and the 100 simple moving average (4-hours). Moreover, the price traded above the 50% Fib retracement level of the last drop from the $240 high to $213 low.

However, the upside move was protected by the $229-230 zone. Additionally, the 61.8% Fib retracement level of the last drop from the $240 high to $213 low also acted as a resistance. The price is slowly declining and it is currently trading below the $227 level and the 100 SMA. There is also an ascending channel formed with support at $222 on the 4-hours chart of ETH/USD. If there is a downside break below the channel support, the price could decline towards the $220 and $214 support levels.

Ethereum Price Weekly Analysis ETH Chart

The above chart indicates that ETH price is clearly struggling to gain momentum above $229-230. If it continues to fail, there could be a bearish reaction below $214 in the near term. Until then, the price is likely to trade in a range above the $214 support level in the coming sessions.

4-hours MACD The MACD is slightly placed in the bullish zone.

4-hours RSI The RSI is currently near the 50 level.

Major Support Level $220

Major Resistance Level $230

The post Ethereum Price Weekly Analysis: ETH/USD Remains in Broad Range appeared first on NewsBTC.

12:12

(Video) Dave Janda -- The Last Thing the Deep State Wants is Peace "IndyWatch Feed World"



Published on Oct 4, 2018

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10:50

Rehypothecation: Inside the Wall Street Practice that Could Ruin Bitcoin News CCN

Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, How did we get to a place that where laws look like this? In order to understand

The post Rehypothecation: Inside the Wall Street Practice that Could Ruin Bitcoin appeared first on CCN

09:29

Crypto Markets Stay Mostly Stagnant Despite This Weeks Major News for Industry Cointelegraph.com News

Crypto markets stay mostly stable this week despite big news, including major institutional investments into crypto

09:07

BlackBerry to Launch Blockchain for Medical Data Sharing News CCN

BlackBerry Limited has now come up with a blockchain solution for secure data sharing among healthcare providers in order to improve patient outcomes. The company is using its network operation center (NOC) to power a blockchain digital ledger that aims to create a secure global system for storing and sharing patient medical data, a release

The post BlackBerry to Launch Blockchain for Medical Data Sharing appeared first on CCN

08:30

Bitcoin Volatility Hits 17-Month Low, Whats Next? NewsBTC

Bitcoins volatility rates have hit a 17-month low, due to a combination of a slow news cycle and low trading volume, leading some investors to believe that the lack of volatility could signal a maturing market. Despite this, debate remains as to whether or not a stable Bitcoin is a positive sign for its future.

For the past month, Bitcoins prices have shown an unprecedented level of stability, ranging between $6,200 and $6,800 since early September. For the past week, this trading range has tightened, with a new range formed between approximately $6,500 and $6,600.

This tight range has led many cryptocurrency investors to jokingly note that Bitcoin may as well be a stable coin.

On Twitter, 360Trader (@360_trader) mocked the lack of Bitcoin volatility, saying:

Hey guys, look! BTC moved $60!!!!!!!!

Whats Next for Bitcoin?

Although the lack of volatility is leading many investors and day traders to believe that Bitcoin is gearing up for a huge price swing, some analysts think that this could signal a maturing market.

While speaking to Bloomberg, Nigel Green, founder of the DeVere Group, noted that the price stability could be a signal that the cryptocurrency market is maturing.

Bitcoin is approaching its 10th anniversary this coming January, but it has only been in the past few years that the cryptocurrency has seen mainstream adoption, and signs of institutional and corporate adoption have only been seen over the past several months.

Mike McGlone, a Bloomberg Intelligence commodity strategist, explained that because the market is rapidly maturing, it is likely that price volatility will continue to decline with the introduction of more Bitcoin-related products.

This is a maturing market, so volatility should continue to decline. When you have a new market, it will be highly volatile until it establishes itself. There are more participants, more derivatives, more ways of trading, hedging and arbitraging.

It seems as though there exists a growing consensus that the Bitcoin markets are maturing, with David Tawil, the president...

08:18

New Taiwanese Exchange Rewards Users for Token Mining and Staking From Its Fee Revenue Cointelegraph.com News

A new Taiwan exchange platform says it uses 80 percent of its fee revenue to reward its community. #SPONSORED

08:03

Bitcoin Gradually Increased in Price in September, Case for a Bull Run in 2018 News CCN

Since early September, the price of Bitcoin has gradually increased from $6,100 to $6,550, testing the $6,800 resistance level on two occasions. Bitcoin experienced four dips in its price in the past 30 days and every consecutive drop in the price of the asset stabilized in a higher region than its previous decline in value. Continued

The post Bitcoin Gradually Increased in Price in September, Case for a Bull Run in 2018 appeared first on CCN

07:30

Maturing Cryptocurrency Market Sees the Days of the Crypto Cowboys Dwindle NewsBTC

Blockchain and cryptocurrency, although long posing a promising digital solution to many of the issues associated with archaic monetary and digital systems, may soon be growing out of its Lambo and Crypto Bro Club phase as the technologies see greater mainstream adoption rates.

The recent blockchain week in San Francisco points to the fact that the long-held stereotype of so-called Bitcoiners being a group of geeky hackers and ostentatious playboys is long gone, with the new crowd consisting of suit-cladded bankers and investors, who are quickly realizing just how impactful DLT technologies can be on modern systems.

Notably, Ripples recent Swell event points to this fact, with former U.S. President Bill Clinton highlighting the event as the key-note speaker, discussing how DLT technology could impact the world.

He importantly discussed the importance of regulators walking a fine line between protecting investors and reducing fraud, while still promoting growth of the technology.

you cant apply an old regulatory regime to a new technologyYou end up killing the goose that laid the golden egg, Clinton said.

While speaking to The Street about the new type of cryptocurrency investors and advocates, Michael Didiuk, a partner at Perkins Cole and a former member of the SECs blockchain division, notes that regulators and bankers now understand that this technology is real and is going to be transformative.

As Cryptocurrency and Blockchain Find More Use-Cases, Industry Further Matures 

Despite the current cryptocurrency bear market, the industry has never seen as much widespread adoption as it has seen in the past several months.

The release of Ripples xRapid cross-border settlement system is one such example of cryptocurrencies finding real world use cases that enhance the current monetary systems.

During Ripples Swell event earlier this week, Brad Garlinghouse, the companys CEO, announced that several companies, including Mercury FX, Cuallix, and Catalyst Corporate Federal Credit Union, would be using XRP and xRapid to facilitate cross-border transactions.

Despite no banks using xRapid, Ripple has previously explained that banks would first use their xCurrent settlement system, which uses blockchain rather than cryptocurrency, and then progress to...

06:58

Bitcoins Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder Cointelegraph.com News

Blockstream co-founder Mark Friedenbach suggests Bitcoin scaling idea for increased settlement capacity that he claims does not require a hard fork

06:50

Bitcoin Lobbyist, Dr. Doom to Square Off Next Week in Senate Blockchain Hearing News CCN

The U.S. senate Committee on Banking, Housing, and Urban Affairs is set to have a full committee hearing on Oct. 11 entitled Exploring the Cryptocurrency and blockchain Ecosystem. At the upcoming hearing, the two witnesses currently scheduled are Coin Center Director of Research Peter Van Valkenburgh, and New York University Professor Nouriel Roubini. Roubini, a noted Continued

The post Bitcoin Lobbyist, Dr. Doom to Square Off Next Week in Senate Blockchain Hearing appeared first on CCN

05:55

Norway Establishes New Rules for Crypto Service Providers Bitcoin News

Norway Establishes New Rules for Crypto Service Providers

The Financial Supervisory Authority of Norway is enforcing new money laundering regulations that apply to crypto exchange and storage providers in the country. The law will go into effect on Oct. 15 and will affect companies established in Norway including branches of overseas companies.

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

New Rules Effective Oct. 15

Finanstilsynet, the Financial Supervisory Authority (FSA) of Norway, announced Thursday that the countrys Ministry of Finance has established new money laundering regulations which apply to Norwegian providers of virtual currency exchange and storage services.

Norway Establishes New Rules for Crypto Service ProvidersWhile the new rules will go into effect on Oct. 15, companies have until Jan. 15 next year to comply. The law applies to reporting companies established in Norway, including branches of foreign companies, the regulator clarified, adding:

Finanstilsynet will ensure that virtual currency exchange a...

05:30

Pantera Capitals Crypto Fund Reports 40.8% Loss Since Launch NewsBTC

Pantera Capitals Digital Asset Fund has sunk in value since it began in December 2017.

A report which surfaced on social media revealed that the U.S. investment firm negated 40.8 percent returns to its investors to date. The figures contributed to the funds year-to-date losses, which rose to 72.7 percent. The funds compound annual growth rate (CAGR) also dropped by more than 50 percent since launch.

The cryptocurrency industry also lost more than 70% of its market cap since the beginning of this year.

A large number of initial coin offering (ICO) projects reportedly sold out their token assets for fiat, causing a selling stir in the market. Many hedge managers such as the Digital Asset Fund were long on the outcomes of these blockchain projects and purchased their tokens to draw out maximum interim profits.

However, the health condition of the ICO market kept deteriorating throughout the year, and the investments made into them failed to yield any benefit.

At the same time, crypto funds top asset Bitcoin too failed to minimize their losses by maintaining its bearish bias throughout the year. A report published in August by Autonomous Next, a FinTech analysis firm, further validated that a majority of hedge funds had suffered at least 50 percent losses in HY18.

This includes Mike Novogratzs Galaxy Digital LP, which reported over $175 million in damages, as well as Multicoin Capital, Polychain Capital, amongst others. A total of nine funds, including Crowd Crypto Fund and Alpha Protocol, even went ahead by deciding to close down, after finding themselves unable to sustain through cryptos intrinsic volatility.

New capital has...

04:44

Winklevoss Gemini Now Provides Insurance for Customers Cryptocurrencies News CCN

Gemini announced during the week in a press release that the exchange has partnered with leading insurers to provide coverage on custodial digital assets. Effective since October 1, 2018, insurance coverage is provided on digital assets held in Geminis custodial service. Aon, a leading global professional services firm providing a broad range of risk, retirement and health Continued

The post Winklevoss Gemini Now Provides Insurance for Customers Cryptocurrencies appeared first on CCN

03:55

Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data Bitcoin News

Tax Evasion on the Line as Swiss Banks Start Sharing Client Data

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of financial opacity, tax fraud and safekeeping of stolen public funds. That era is coming to an end.

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

Swiss Banks Data Exchange Halts Era of Bank Secrecy

Switzerland, for long the world capital of unreported wealth, has begun automatically sharing bank account data with dozens of tax authorities in a move calculated to crack down on tax evasion and tax fraud, reports say.

...

03:09

Will Yales Investment in Crypto Lead to More Institutional Investors? News CCN

This week, CCN reported that Yale, the prestigious Connecticut-based academic institution, has invested in a $400 million crypto fund operated by veterans in the digital asset and finance space. Coinbase Inc. co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and billion dollar crypto hedge fund Pantera Capital ex-employee Charles Noyes reportedly launched a new

The post Will Yales Investment in Crypto Lead to More Institutional Investors? appeared first on CCN

01:00

Wendy McElroy: Crypto Takes Anarchism Digital and Explodes Old Concepts Bitcoin News

Wendy McElroy: Crypto Takes Anarchism Digital and Explodes Old Concepts

The Satoshi Revolution: A Revolution of Rising Expectations
Section 5: Saving the World Through Anarchism
Chapter 11, Part 1
Crypto Takes Anarchism Digital and Explodes Old Concepts

All around us are the almost unimaginable benefits of markets, cooperation, and technology, yet somehow were nave if we dont want to funnel human activity through government cattle chutes. The vast material and digital abundance we enjoy every day is provided without any state apparatus, in fact in spite of that apparatus. Is this private world not part of reality? Government is the artifice, and statists are the utopian dreamers who imagine that individuals acting under the magical banner of government can plan, coerce, and coordinate millions of lives.

 Jeff Deist

Technology refines the definition and application of political concepts. It cuts old seams to release freedoms in fresh form. Software engineer Eric Schmidt referred to the Internet as the largest experiment in anarchy that we have ever had; freedom of speech became digital. When crypto bypassed central banking, anarchism flowed through the blockchain and every individual could be his own banker. 3D printers allowed individuals to manufacture their own needs, without taxes, tariffs, and other restrictions; they even manufactured controlled substances, like guns.

Cryptocurrency exemplifies the synergy between technology and freedom. Designed as an expression of pure anarchism, bitcoins stated purpose was to bypass the trusted third party problem of central banks. The word trusted was used ironically. Satoshi Nakamoto and most crypto-founders were anarchists who knew full well that a third party that enforced its services by law was untrustworthy in principle and corrupt in practice. Why els...

00:52

Cryptocurrency Exchange Poloniex to Yank Margin Trading, Lending for U.S. Customers News CCN

Poloniex, the exchange Circle has been working to revive since acquiring it in February, announced in a blog that it will eliminate its margin and lending products for U.S. customers by years end and delist three altcoins. The company noted it is removing the margin and lending products in the U.S. to ensure the exchange

The post Cryptocurrency Exchange Poloniex to Yank Margin Trading, Lending for U.S. Customers appeared first on CCN

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