IndyWatch Crypto Currency Feed Archiver

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Crypto Currency Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

IndyWatch Crypto Currency Feed was generated at Community Resources IndyWatch.

Wednesday, 11 July

01:35

NZ Exchange Cryptopia Starts Planned Maintenance Early, Users Report Withdrawal Issues Cointelegraph.com News

New Zealand crypto exchange Cryptopia started its planned maintenance early this week, further encountering unexpected issues requiring investigation. Some users have reported withdrawal issues

01:26

Augur Network Launches Successfully after Token Migration Completes News CCN

Augur, a decentralized prediction market platform, has successfully launched after being in development for over 2 years. As CCN reported, Augur launched their client and initiated token migration on July 9th at 11:01 PST. The token migration involved freezing the current ERC-20 smart contract and migrating to a new one. The migration took several hours Continued

The post Augur Network Launches Successfully after Token Migration Completes appeared first on CCN

01:20

London School of Economics Launches Cryptocurrency Investment and Disruption Course Bitcoin News

London School of Economics Launches Cryptocurrency Investment and Disruption Course

The London School of Economics, one of the leading academic institutions for higher learning in the world, is the latest university to offer a course on cryptocurrency. For just 1,800, and about sixty hours of learning, you too can be a certified crypto academic.

Also Read: The Pirate Bay Is Again Using Users CPUs to Mine Crypto

Certified Crypto Course

London School of Economics Launches Cryptocurrency Investment and Disruption CourseThe London School of Economics and Political Science (LSE) has launched a new online certificate course titled Cryptocurrency Investment and Disruption headed by Dr Carsten Srensen, Associate Professor of Information Systems and Innovation. LSE has thus joined the growing list of top notch institutions offering crypto classes such as Cambridge,...

00:51

More Than Half of ICOs Fail Within 4 Months, Study Suggests CoinDesk

A new study suggests that, while many ICOs become inactive soon after launch, there are rewards for investors willing to take a risk.

00:19

Even Elon Musk is Talking About Twitters Crypto Scambot Epidemic News CCN

Scam bitcoin and ether giveaway bots have started to target the accounts of high profile figures outside of the crypto community, such as SpaceX and Tesla CEO Elon Musk, and US President Donald Trump. Scam Bots Plague Twitter For over a year, scam bots on Twitter have pretended to be the account owners of popular Continued

The post Even Elon Musk is Talking About Twitters Crypto Scambot Epidemic appeared first on CCN

00:16

PBoC Will Crush Foreign ICOs Targeting Chinese Investors: Official

A vice versa of the Peoples Bank of China has again issued strong statements against first coin offerings, singling out those that have moved abroad, but are still advertising to investors in China. Talking in an internal meeting of the Internet Finance Rectification Working Group on Monday, Ban Gunsheng cautioned that ICOs, disguised ICOs and crypto asset trading are illegal within the nation, and represent illicit forms of securities and fundraising issuance. Even though China issued a direct ban on ICO at Sept 2017, Pan explained many of projects that have moved abroad as a result are still available on the Chinese market, based on a report by neighborhood business media origin Yicai.

Pan was quoted as stating. Any new financial product or phenomenon which isnt approved under the existing legal framework, well crush them once they dare to surface. Authorized by Chinas State Council at 2016, the task force is tasked with executing financial regulators instructions for controlling illegal activities in the world of internet finance. The report didnt provide details on the way the body intends to control access to foreign ICO and crypto trading. On the other hand, the news was followed by an item from another state owned media origin suggesting that Chinas messaging giant WeChat seems to have improved its attempts to identify cryptocurrency traders utilizing the platform over recent months.

The later report indicated the messaging agency had limited its obligations functions of such users for example, by restricting the fiat currency they could receive on any day. In January, Pan notably pushed for broader cryptocurrency trading ban in China based on an internal memo circulated at the time. WeChat isnt the only service platform which appears to have taken measures to cooperate with regulators. Following the 2017 ICO ban, one on-line forum named Zhishi Xingqiu became a popular platform employed by agents from outside China to access retail investors within the country, for a commission earning investments on their behalf.

In Mar, but the platform issued an announcement stating that itd monitor threads and prohibit people who uses a platform to solicit investors in ICO tokens. PBoC 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
interna
Yicai
indicating
...

00:10

Ethereum's Joe Lubin: We're Moving Into Phase Two of ETH Blockchain This Year Cointelegraph.com News

Ethereums Joseph Lubin says that with the fundamental layer one in the Ethereum ecosystem now established, 2018 will see layer two systems ramify and mature

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Crypto Currency Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

Tuesday, 10 July

23:30

Floating Island Crypto Nation Aims for New Way of Governance NewsBTC

The worlds first autonomous floating island nation-state is set to be completed by 2022 and has begun selling the cryptocurrency intended to drive the project today.

Varyon Token On Sale Today

The project which is backed by PayPal founder and billionaire Peter Theil is planned to be a sea-bound, city-state containing 300 homes along with a handful of commercial buildings, including restaurants and hotels, built in the Pacific Ocean off of Tahiti. The project will be a collaboration of two non-profit organizations, The Seasteading Institute and Blue Frontiers.

Varyon, the cryptocurrency intended to fund the project, has gone on sale today at the investor level. Details about the pre-sale were released by the project;

Varyon (VAR) is expected to be required to purchase seasteads, fractional ownership of seasteads and seastead residency from Blue Frontiers, the presale is available today for the first 4,000 ETH with bonuses from 5% to 15%. The public sale date is yet to be determined.

The crowd sale of the token will be divided up to fund the various developmental aspects of the project including; design and engineering, community growth and general administration needs. Sales of property, shares, products and any services from Blue Frontiers are all expected to be done only through the Varyon token.

Varyon describes the token as an easily exchangeable token, of which only a billion will ever be made. Varyon will also be tradable and usable beyond just Blue Frontiers.

Construction of the utopian island state is set to begin next year following an agreement signed with French Polynesia in 2017. The design of the colony, which is shaped like a fishhook was created to address climate change in the region. As sea levels increase, possibly rising as much as 6 feet in the region, so to will the entire superstructure of the island.

Floating Island Nation The Ultimate Disrupt

Nathalie Mezza-Garcia, a political scientist and researcher for the Floating Island Project, told the Daily Mail that,

the islands residents will be free of fluctuating geopolitical influences and trade issues and claimed the nation could one-day house refugees displaced by climate change.

The concept as conceived of by...

23:15

Government Investigator Says Darwinian Selection Led to Dominant Cryptocurrencies Bitcoin News

Government Investigator Says Darwinian Selection Lead to Dominant Cryptocurrencies

The Deputy Governor of the Bank of France, Jean-Pierre Landau, also named  Mister Bitcoin by the French government, submitted a report to Bruno Lemaire, the French Minister of Finance and Economy. The report said cryptocurrencies are in a phase of technological and economic experiment. Their future is still uncertain, however, there are few possible scenarios. One would be a total collapse and extinction, or marginalization of all existing currencies, which is very likely, he wrote, or a darwinian natural selection would see one or two dominant currencies emerge.

Also read: France Appoints a Cryptocurrency Mission Leader

Regulating Crypto Would Freeze an Evolving Technology

Another possible scenario would be the birth of new actors from the digital world, social networks, or from e-commerce, who would develop their own payment systems or their own internal currencies. In this particular phase, three principles should guide the public policies: (1) not to directly regulate the cryptocurrencies; (2) create a favorable environment for the development of the technology; (3) instead, carefully circumscribe the risks, which imposes to strictly limit exposure of the cryptocurrencies to the financial sector.

...

23:15

MyEtherWallet Warns of [Another] Hack, Urges Hola Users to Move Funds News CCN

Popular Ethereum wallet interface and token wallet MyEtherWallet is yet again at the center of a significant security breach and has warned its users utilizing a popular VPN to move their funds. MyEtherWallet (MEW) is now reeling from its second major security compromise in under three months after claiming hackers compromised Hola, a Continued

The post MyEtherWallet Warns of [Another] Hack, Urges Hola Users to Move Funds appeared first on CCN

22:30

Coin Market Cap Seeking New Staff and Launching Subreddit NewsBTC

One of the worlds top sources of information about the crypto market is now hiring. Coin Market Cap has listed open positions in the careers area of their website just as they have finally created their own, official Subreddit.

CMC is Hiring

Coin Market Cap is the go-to point of choice for many active members of the cryptocurrency market. The site gleans data from multiple exchanges to which they contribute their own research in order to provide the most up to date representation of each cryptocurrency.

Today the site has listed new positions available for both a full stack engineer and a lead ui/ux designer. Both positions seem to be remote opportunities and the company lists among the benefits; open work scheduling and full health coverage among others that include unlimited vacation. The company includes a mission statement on the page which reads:

We believe in an open and decentralized world, where we play a pivotal role in powering decisions and insights to drive greater understanding and adoption of cryptocurrencies. We want to achieve this mission with people who truly believe in the value and potential of empowering individuals.

In related news Coin Market Cap has officially begun its own subreddit page. The page which went up only ten hours ago at the time of writing already has 166 subscribers. It welcomes users with this opening post,

We will be posting updates and having more conversations with you here about crypto, market caps, how the market is doing, product improvements, feedback surveys, etc our team is excited to be able to talk to all of you directly.

 

The official CoinMarketCap subreddit r/CMC! from CMC

The creation of the subreddit was welcomed by users of CMC some of whom have already posted suggestions about coin inclusions and serious questions concerning CMCs policies.

Crypto is Fuel for a New Internet

Reddit is a hotbed...

22:20

$22 Billion Wiped Out of Crypto Market in 24 Hours as Bitcoin Drops Under $6,400 News CCN

The valuation of the crypto market has dropped by $20 billion over the past 24 hours, as bitcoin dropped to $6,400. Since early morning, the crypto market recorded a steep fall from $274 billion to $252 billion, demonstrating a 7 percent decline in value. The drop of bitcoin from $6,700 to $6,400 caused other major Continued

The post $22 Billion Wiped Out of Crypto Market in 24 Hours as Bitcoin Drops Under $6,400 appeared first on CCN

22:15

R3 Consortium Releases New Version of Its Corda Platform for Businesses Cointelegraph.com News

R3s Corda blockchain platform has gone commercial with a new release catering specifically to businesses

22:01

100 Merchants Can Now Trial Bitcoin's Lightning Network Risk Free CoinDesk

CoinGate is making Lightning payments accessible for mainstream merchants and reaping research in return.

21:40

Nigerian Entrepreneurs are Choosing Bitcoin Over the National Currency News CCN

A growing number of businessmen in Nigeria are opting for handling their business using the digital currency instead of the Naira. The countrys national currency seems to be more volatile than Bitcoin, at times. As cryptocurrencies fight for relevance around the world, Nigerian citizens are starting to use Bitcoin as an alternative to their own Continued

The post Nigerian Entrepreneurs are Choosing Bitcoin Over the National Currency appeared first on CCN

21:30

PBoC Will 'Crush' Foreign ICOs Targeting Chinese Investors: Official CoinDesk

Pan Gongsheng, a vice governor of the People's Bank of China, has once more issued strong statements on initial coin offerings.

21:30

Augur Releases Long-Awaited Prediction Platform NewsBTC

Augur, a cryptocurrency project on the Ethereum network, has just announced that it be launching its long-awaited prediction platform.

Augur Prediction Platform: Three Years In The Making

For the uninitiated, Augur is a decentralized predictions platform based on the Ethereum network, that allows for users to create and place bets on any event. Whether it be the next American president or the winner of this years World Cup, Augur users will be able to place their hard-earned cryptocurrency funds on an outcome.

Vitalik Buterin, well-known co-founder of Ethereum and advisor to Forecast Foundation, the organization behind the prediction platform, expressed his excitement for a prediction platform, stating:

I have been excited about the possibility of prediction markets on Ethereum for a long time.

While this sounds all well and good, for over two years, this platform was just a concept with no official product. Augur was one of the first successful ICOs in the cryptocurrency space, raising upwards of $5.5 million in 2015. However, since then, the collective value of Augurs REP ERC-20 tokens has ballooned to become the 38th largest cryptocurrency, at $375 million.

Due to the project garnering immense interest from all corners of the cryptocurrency community, the Augur platform become one of the most anticipated releases in the industry. With todays announcement, the final deployment plan has been put into effect, with the platforms team expecting a full launch within the next 24 hours.  

Why Augur Instead Of Centralized Prediction Platforms?

Augur has been lauded for being a unique innovative take on an old industry, bringing predictions and betting to a decentralized environment. Many find a multitude of issues with centralized betting/prediction platforms, most notably, the regulatory requirements imposed on these sites.

Many centralized sites will require you to submit I.D. documents, in an attempt to stay in line with KYC/AML rules. But if these platforms do not find favor with regulatory bodies, your funds may be frozen by a central authority.

Augur mitigates regulatory risk, as all predictions are facilitated by a decentralized smart contract system, removing a single point of failure or attack.

Another feature which makes Augur appealing is the integrated ability to create predictions for any future event, as long as other...

21:17

Crypto Tycoon Resigns From Blockchain Fund After Alleged Defamation

Li Xiaolai, a noted cryptocurrency investor and an early bitcoin evangelist in China, has resigned from his job as controlling your stresses partner of the $1 billion Hangzhou Xionga Blockchain Fund after alleged defamatory remarks were made against him. The sudden departure comes as the consequence of an ongoing online feud between Li and Chen Weixing, a venture capitalist who in latest months has made a collection of hostile comments in people contrary to the investor. Li declared his resignation on his Weybo account on Monday evening, saying he had made a decision so as to retain the reputation of the authorities backed blockchain investment finance started in Apr of this past year.

He wrote. The collection of defamations from Chen Weixing against myself has brought material and negative consequences for the reputation of Xionga Blockchain Fund. &hellip, To allow the Hangzhou government continues its drive for blockchain development, Ill resign from my job as a controlling your stresses partner. As previously reported by CoinDesk, back in June, Chen publicly described Li as a fraud and a tumor of the cryptocurrency industry. He alleged that Li owed a group of investors 30, 000 bitcoin hed collected in 2013 for an investment fund, but couldnt repay because hed gambled away the assets. Li afterwards responded with detailed explanations to each of Chens accusations, but he spit didnt end there.

Things soon sparked off again as an obscenity laden listing of a private meeting between Li and several people was leaked via social websites on July 3, stirring up controversy inside the Chinese cryptocurrency community. At the 50 minute chat, recorded in January, Li took aim at different individuals and companies inside the business, calling Qtums co founder Shuai Chu a spin physician, Binance market a platform of deception and Softbank a stupid fool to invest in Ripple. Chen went public again following the audio flow, accusing Li of being a foul mouthed liar. He further questioned the legality of the Xionga Blockchain Fund, asking if the local authorities has really allocated the seemingly promised 30 percent of the capital.

Then, last Friday, Li declared through his WeChat channel hed filed a lawsuit with a local court in Hangzhou accusing Chen of defamation. He went on to state that Chen has no knowledge of blockchain and could just to make his name by defaming others. Chen responded on Weibo he believes the lawsuit will end up being his opportunity to take on Li in courtroom and call the victims to join him. Exit sign picture via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startup...

21:15

Bitcoin Bull Bias Fades as Price Drops Below $6.5K

Bitcoin (BTC) is on the defensive today and might suffer deeper losses in the upcoming few days when the bulls fail to defend the key moving average (MA) support, technical graphs indicate.
The leading cryptocurrency looked susceptible to some pullback twenty four hours before, courtesy of the signs of bullish exhaustion near key immunity of $6,800. Therefore, the drop to $6436 seen today isnt surprising but has certainly boosted the odds of a close (as per UTC) beneath the all-important 10-day moving average (MA).
It is worth bearing in mind that the short-term moving average remains biased to the bulls (climbing ). Therefore, as discussed yesterday, a good shield of the 10-day MA support will strengthen the short-term bullish outlook and could yield a rally to $7,000.
As of writing, the leading cryptocurrency is trading at $6,460 on Bitfinex down 5.5 percent from the high of $6,839 attained over the weekend.
Daily graph

The daily candle has already breached the 10-day MA support of $6,585, but only a close today (as per UTC) below that amount might abort the short-term bullish view put forward by the bullish RSI divergence and the falling station breakout a week past.
That said, the likelihood of BTC closing beneath the 10-day MA is fairly large as the short duration graphs have already turned bearish.
4-hour graph

The climbing channel breakdown suggests the corrective rally from the June 24 low of $5,755 has ended.
Further, the relative strength index (RSI) has turned bearish (below 50.00). At the mean time, BTC has also breached the support of 200-candle MA.  Plainly, the bears must be feeling emboldened
View

The bearish breakdown on the 4-hour chart suggests BTC could test the 50-candle MA, currently located at $6,381, and could close beneath the 10-day MA today, confirming a short-term bullish invalidation.
Acceptance below $6,381 (50-candle MA) would expose 6,000 (Feb low and significant psychological support).
The bulls may build steam to get a fresh move higher towards $7,000 if BTC closes over 10-day MA today.

Bitcoin image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives 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
looked vulnerable
yesterday
Bitcoin
...

21:10

The Daily: Decentralized Exchanges New and Hacked, and Some Lost Coins Bitcoin News

The Daily: Decentralized Exchanges New and Hacked, and Some Lost Coins

In todays edition of Bitcoin in Brief, we cover two decentralized exchanges an Irish team thats launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $12.5 million worth of coins. Also, hackers in China have mined cryptos worth $2 million using malware installed on 1 million computers, and in the US, digital forensics firm Chainalysis claims a fifth of all bitcoin is missing.

Also read: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business

New Decentralized Exchange Launches Next Month

...

21:04

The Future of Money- Chris Kitze-CSS Hour 1 "IndyWatch Feed Nthamerica"

 

Recently, I interviewed Chris Kitze about the state of money, in particular, cryptocurrency. During the interview, Chris made a bold statement in which he said the future of money is going be one of decentralization. The Deep State is trying to control everything we see, read and hear, but they cannot control cryptocurrency. This is a fast moving, very intriguing interview.

 

The post The Future of Money- Chris Kitze-CSS Hour 1 appeared first on Dave Hodges - The Common Sense Show.

20:40

Bitcoin Bull Bias Fades as Price Drops Below $6.5K CoinDesk

A daily close (as per UTC) below 10-day moving average would abort bitcoin's short-term bullish view.

20:30

FCoin Manipulation of Ethereum Network Spurs Threat of Legal Action NewsBTC

Activity on the Ethereum network spiked at the end of last week causing transaction fees to hit all-time highs and now fingers are pointing to an obscure Chinese trading platform called FCoin. Accusations are being made against founder Zhang Jian, formerly of Huobi, of orchestrating a series of Sybil attacks in order to drive up traffic, crippling the Ethereum Network and gaining publicity for itself.

FCoins Voting Method Blamed for High Ether Transaction Fees

The congestion of the Ethereum Network is linked to F Coin implementing a cumulative deposit number ranking voting protocol to list new coins on its exchange. This is a process by which new coins are voted into the exchange based on sending desired coins to the exchange instead of using a simple one vote per user structure.

This voting process is easily manipulated by bad actors creating multiple votes by accessing different accounts to send tokens to the exchange, AKA a Sybil attack. The rush of Ethereum based coins racing to get onto the exchange by using Sybil attacks created substantial congestion on the network which in turn caused transaction and gas fees to increase.

A Reddit poster who goes by the username u/ltcisking wondering how an exchange in its infancy could cause such a drastic slowing of the Ethereum Network and was further puzzled by the exchanges $7 billion daily trading volume. Looking further the poster concluded that both the exchanges trading volume and the above-mentioned voting process had been heavily manipulated.

FCoin Accused of Botting and Price Manipulation

The poster wrote that after spending just a bit of time on the exchange it was clear that there were  rampant levels of botting being done. As the Reddit post read Orders of 5, 7, 10, 15, 20 fly across the screen such that over 6 billion usd in transactions can be completed in a 24 hour period on FT (Fcoin Token) alone.

The user also maintains that the price of the FCoin Token is being constantly manipulated by bots. Again, the poster wrote, At its current price, it is impossible to acquire enough FT to gain enough daily rewards to offset risk.  u/ltcisking added in his post that he has reached out to unnamed sources at FCoin who have admitted the potential for the exchange to be behind both the botting issues as well as the price manipulation.

The post ends with a call out to anyo...

20:03

Established Cosplay Platform Turns to Blockchain to Tackle Harassment and Copyright Issues Cointelegraph.com News

The worlds largest cosplay platform is turning to blockchain to tackle issues facing the industry, including pay rates, copyright and harassment #SPONSORED

19:36

A16z, Binance Lead $45 Million Pre-Sale for Blockchain Startup Oasis Labs News CCN

Some of the biggest investors in the cryptocurrency space have raised $45 million in a private pre-sale financing for Oasis Labs to privacy-focused smart contracts-enabled blockchain platform. Comprised of a team of academic heavyweights and security researchers from institutions including MIT and Berkeley, Oasis Labs confirmed its $45 million fundraising to develop and launch what Continued

The post A16z, Binance Lead $45 Million Pre-Sale for Blockchain Startup Oasis Labs appeared first on CCN

19:30

PR: Bixtrim Launches Innovative Crypto Exchange Platform Bitcoin News

Bixtrim Launches Innovative Crypto Exchange Platform

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 One Solution to all of blockchain Issues

The cryptographic money industry keeps on developing in 2018, with a groundswell of undertakings helping push cryptos into the standard. Bixtrim is a creative crypto-trade stage with rearranged access for everybody. Here at Bixtrim, we trust everybody ought to have simple and quick access to crypto-money related administrations, that is the reason our group made a stage explaining the present most consuming issues in the crypto world.

The stage covers different idealized adaptations of capacities found in return stages.

The Bixtrim group has an inventive vision of a future with rearranged use of crypto in consistently life and we need our clients to be a piece of it.

The fame and speedy achievement of cryptographic forms of money has made it critical for framework and usefulness to keep up. That is precisely why we discovered such huge numbers of snags and issues that should have been explained. Our group of similar individuals aroused keeping in mind the end goal to make these progressive thoughts a reality.

Furthermore, BXM is attempting to make cryptos available and streamlined for use regularly. The approach of blockchain innovation takes into account apparently boundless conceivable outcomes that remain to drastically enhance heritage frameworks and other customary types of installments, ventures, and different utilities. BXM is likewise attempting to set up its own particular biological community of money related instruments in light of these advantages, saddling the influence of blockchain innovation.

What BXM can improve the situation you Despite countless propelling in the business, there is as yet plentiful space for development and advancement. Numerous stages and advances are simply starting to begin to expose whats underneath and potential. BXM is attem...

19:30

Study Finds that Over Half of ICOs Die in First Four Months NewsBTC

A new study out of Boston University has found that at over half of crypto startups that complete fundraising through an ICO is dead within four months of their coin launch.

Only 44% of ICOs Survive 120 Days

As the ICO has become the preferred method for emerging tech companies to raise funding the space. Is has become overpopulated with coins that are never going to make it to an exchange. The first ICO was launched only 5 years ago, but most probably never heard the term until 2017, when the strategy took off along with the rising price of cryptocurrency.

A schedule of ICO funding in the last year shows month to month growth in funding dollars from $400 million in July of 2017 to the height of just over $4 billion in March of 2018 alone. Tapering off coming into the summer with numbers at between $1.3 and $2 billion for the last two months. This may mark investor weariness about throwing money at a project just because it uses the term crypto or blockchain.

The recent study from Boston University , which analyzed the intensity of tweets from startups in order to measure their lifespan, found that only 44.2 % survive longer than 120 days once their ICO is complete. Researchers, Hugo Benedetti and Leonard Kostovetsky, examined 2,390 ICOs that completed before May.

According to Bloomberg, there are to date 1,000 coins that have died either to regulatory problems, bad financial management or just because they were a bad idea from the beginning. There has also been a lot of startups that were scams from the get-go.

80% of ICOs are frauds

Aaron Brown, a business author who writes for Bloomberg Prophets, said in an email;

I accept figures I have seen that 80 percent of ICOs were frauds, and 10 percent lacked substance and failed shortly after raising money. Most of the remaining 10 percent will probably fail as well.

The research from Boston concludes that turning over an ICO investment as soon as it founds is the safest strategy.  As Kostovetsky said:

What we find is that once you go beyond three months, at most six months, they dont outperform other cryptocurrencies, the strongest return is actually in the first month.

There may be a turn around in the mortality rate though as the study also found that returns on ICOs are much lower today than in the recent past. This points to the probability that startups have become savvier about pricing coin offerings and scaling their burn rates once the ICO is complete. Still though investing in an ICO is a risky endeavor...

19:20

Crypto Tycoon Resigns From Blockchain Fund After Alleged Defamation CoinDesk

Li Xiaolai, a Chinese crypto investor, has resigned from a $1 billion blockchain fund following an online spat that led to a defamation lawsuit.

19:05

Bitcoin ABC Developers Publish Bitcoin Cash Upgrade Timeline Bitcoin News

Bitcoin ABC Developers Publish Bitcoin Cash Upgrade Timeline

Just recently the Bitcoin ABC development team has published the Bitcoin Cash November 15 Upgrade Timeline which details what the programmers plan to do before the hard fork. As the upgrade approaches the ABC development team wants to ensure a smooth hard fork by making sure every full node participant and miner is ready with the necessary preparations.

Also read: Privacy-Centric Bob Wallet Adds Bitcoin Cash Support

Preparing for the Next Bitcoin Cash Hard Fork

The Bitcoin Cash (BCH) network is planning for another hard fork this coming November which will see a few more changes to the protocol. So far since the split on August 1 the BCH community performed two successful hard forks with one on November 13, 2017, and the other on May 15, 2018. The first upgrade fixed the networks Difficulty Adjustment Algorithm (DAA), while the second hard fork saw a 32 MB block size increase alongside a few re-enabled Satoshi OP_Codes, and the increase default datacarriersize to 220 bytes.

...

18:30

Ethereum Classic Price Analysis: ETC/USD Bearish Below $18 NewsBTC

Key Highlights

  • Ethereum classic price failed to move above the $18.80 resistance and declined against the US dollar.
  • There was a break below a key bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair (Data feed via Kraken).
  • The pair is now trading below the $18.00 pivot level and the 100 hourly simple moving average.

Ethereum classic price is slowly moving lower against the US Dollar and Bitcoin. ETC/USD could decline further as long as it is below the $18.00-18.20 resistance.

Ethereum Classic Price Resistance

After a decent upside move, ETC price failed to break the $18.80 and $19.00 resistance levels against the US dollar. The ETC/USD pair formed a high near $19.00 and started a downside move. There was another attempt to clear the same hurdle, but the price failed and topped near $18.81. ETC price moved down and broke the $18.50 support area. Moreover, there was a close below the $18.00 pivot level and the 100 hourly simple moving average.

Additionally, there was a break below a key bullish trend line formed with support at $18.20 on the hourly chart of the ETC/USD pair. The pair is currently trading near the $17.60 level with an immediate support at $17.40. Below the mentioned support, the price could accelerate declines towards the $16.60 support area. On the upside, an initial resistance is near the 23.6% Fib retracement level of the last decline from the $18.81 high to $17.61 low. However, the most important hurdle is near $18.20 and the 100 hourly SMA.

Ethereum Classic Price Analysis ETC USD

The chart suggests that the price may perhaps face a strong resistance at $18.20. If it fails to recover above $18.00 and $18.20, there is a risk of more losses below the $17.60 level in the near term.

Hourly MACD The MACD for ETC/USD is gaining pace in the bearish zone.

Hourly RSI The RSI for ETC/USD is currently near the oversold levels.

Major Support Level $17.60

Major Resistance Level $18.20

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

18:28

Bitcoin Price Watch: BTC/USD Near Crucial Juncture NewsBTC

Key Points

  • Bitcoin price declined further and broke the $6,680 and $6,600 support levels against the US Dollar.
  • Yesterdays highlighted connecting bearish trend line is intact with resistance at $6,680 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must stay above the $6,550 support zone to avoid more declines in the near term.

Bitcoin price extended losses below the $6,680 support against the US Dollar. BTC/USD is now at a risk of further slides if there is a break below $6,550.

Bitcoin Price Analysis

Bitcoin price started a downside move from the $6,840 swing high against the US Dollar. The BTC/USD pair declined and broke the $6,700 support level. The decline was such that the price failed to hold the $6,680 support area. More importantly, there was a break below the 50% Fib retracement level of the last leg from the $6,445 low to $6,840 swing high.

There was a spike below the $6,580 support and the price settled below the 100 hourly simple moving average. On the downside, there is a bullish trend line with support at $6,560 on the hourly chart of the BTC/USD pair. If the pair breaks the trend line and $6,550, there is a risk of more slides. An initial support is around the 76.4% Fib retracement level of the last leg from the $6,445 low to $6,840 swing high at $6,540. Below this, the price may perhaps accelerate declines towards $6,500 and $6,450. On the upside, the $6,650 and the 100 hourly SMA are initial barriers.

Bitcoin Price Analysis BTC USD

Looking at the chart, yesterdays highlighted connecting bearish trend line is intact with resistance at $6,680. A break above this trend line and $6,700 is needed for a recovery. The next resistances are seen near $6,750 and $6,800.

Looking at the technical indicators:

Hourly MACD The MACD for BTC/USD is placed heavily in the bearish zone.

Hourly RSI (Relative Strength Index) The RSI is moving towards the 20 level.

Major Support Level $6,550

Major Resistance Level $6,680

The post Bitcoin Price Watch: BTC/USD Nea...

18:22

R3 Launches Corda Enterprise With First-Ever 'Blockchain Firewall' CoinDesk

Not a traditional firewall, the term denotes how Corda is able to limit communication between blockchain nodes operating in different environments.

18:08

Cryptocurrency Markets Dip as Bitcoin Price Drops to Sub $6600 Levels News CCN

The cryptocurrency markets took another dip on Tuesday morning as most of the major Top 10 cryptocurrencies suffered significant losses. The big loser across the board was EOS which crashed by around 12% on Binance to trade at around $7.60 in mid-morning trading. Bitcoin had appeared to be consolidating at the $6700 level on Monday Continued

The post Cryptocurrency Markets Dip as Bitcoin Price Drops to Sub $6600 Levels appeared first on CCN

18:01

Augur Is Live: Decentralized Prediction Market Launches After 2-Year Beta CoinDesk

A platform for creating decentralized prediction markets, which held one of the first-ever ICOs, has gone live. Finally.

17:31

Cryptocurrency Market Update: Ethereum Killer EOS Getting Killed NewsBTC

FOMO Moments

Another red day in crypto land, EOS getting battered and only Tezos is gaining

Hopes of a rally have been dashed as the bears wrestle markets downwards for another day. Total market capitalization has declined once again and fallen back below $270 billion. Bitcoin could not break resistance at $6,800 and has fallen back 1.5% on the day to $6,675, volume has increased fractionally though.

Likewise with Ethereum, it could not push past $500 and has dropped back a heavy 4.8% to $460 at the time of writing. As expected all altoins are in the red with a few plummeting double figures during the mornings trading.

EOS has been absolutely trounced over the past 24 hours shedding 12% to trade at $7.58. From its all-time high of $21.50 just two and a half months ago it has lost 65%. Over the past week EOS has lost 17% falling from $9.15 this time last Tuesday. Mainnet, wallet, and centralization woes have taken the shine off what was once dubbed the Ethereum killer. EOS is no longer the crypto superstar it was hyped to be though it is still early days for the emerging technology.

As usual Cardano is taking a kicking, it has been consistently one of the worst performing altcoins over the past 3 months. Today ADA is down 6.5% to $0.134, likewise with Iota dropping a similar percentage to trade at a dollar. Neo has also had a rough day plummeting 9.6% to $35, the lowest levels it has seen since November 2017.

Privacy coins Monero and Dash are both down over 7% on the day as is last months top performer, Ethereum Classic. Qtum has taken a hit of over 8% and Ontology and Zilliqa are both down over 11% as bears pummel the markets. Bitcoin Diamond is the biggest loser of the day dropping 37% over the past 24 hours to trade at $2.30.

Once again the only coin in the green in the top 25 is Tezos posting a gain of 5.6% to trade higher for the fourth consecutive day at $2.28. XTZ prices have almost doubled since the weekly low of $1.20 on Friday as the new kid on the block becomes the latest hot crypto.

Total crypto market capitalization has lost almost 3.5% as another $10 billion leaves crypto land. Currently at $264 billion markets could fall back to yearly lows below $240 billion if this bearish momentum intensifies. Trade volume has increased however from $11 billion to $13 billion indicating that a small rally could be imminent.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing...

17:16

Benson Oak Raising $100 Million for Blockchain-Focused Fund

Benson Oak, a Prague based investment bank, has announced that its raising $100 million to establish an investment fund dedicated to the Israeli economy with a concentration on blockchain startups. Based on a report from Israeli media outlet Calcalistech on Sunday, the new investment arm, called Benson Oak Ventures, has already secured $25 million and aims to reach the objective of $100 million by the end of the year. The new ventures capital will come from personal investors and family offices, excluding institutional investors, the report stated. With a concentrate on seed period blockchain and consumer facing startups, Benson Oak stated in the report that it expects to release the names of two portfolio companies in the coming days.

According to Benson Oak Ventures site, the fund will probably be intrigued in blockchain startups that can offer consumer products or develop a platform that allows community growth, in one attempt to boost blockchains usage at a consumer level. Currently several ongoing blockchain application initiatives in Israel are largely taken by large financial institutions that concentrate more on a business-to business atmosphere. As previously reported by CoinDesk, Bank Hapoalim, Israels largest bank, is working with Microsoft to develop a blockchain based platform for creating digital bank guarantees. In the mean time, the Tel Aviv Stock Exchange can be teaming up with Accenture to build a blockchain securities lending system to allow the direct lending of all financial instruments. Israeli shekels picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Calcalistech
working
teaming up
Israeli shekels
strict set of editorial policies

17:05

US Financial Authority Asks Brokerage Firms to Disclose Crypto Activities Bitcoin News

US Financial Authority Asks Brokerage Firms to Disclose Crypto Activities

The Financial Industry Regulatory Authority has issued a notice encouraging every firm that sells securities to the public in the U.S. to disclose any activities related to digital assets, such as cryptocurrencies and other virtual coins and tokens.

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

Firms Encouraged to Disclose Crypto Involvement

US Financial Authority Asks Brokerage Firms to Disclose Crypto ActivitiesThe Financial Industry Regulatory Authority (FINRA) issued a Regulatory Notice last week on digital assets.

A not-for-profit organization authorized by Congress, FINRA is not part of the U.S. government but is tasked with protecting Americas inv...

16:37

Chinese Police Arrest Malware Developers Who Hacked $2 Million in Crypto News CCN

The developers are responsible for hacking millions of computers to hack a total of $2 million in cryptocurrencies. Computers were initially infected with a mining program and a mining monitoring software whenever the latter detected CPU utilization below 50%, the former would silently start mining in the background. The cycle was repeated endlessly, with Continued

The post Chinese Police Arrest Malware Developers Who Hacked $2 Million in Crypto appeared first on CCN

16:30

Ripple Price Analysis: Can XRP/USD Hold $0.4600? NewsBTC

Key Highlights

  • Ripple price extended its decline and broke the $0.4700 support area against the US dollar.
  • Yesterdays highlighted major bullish trend line was breached with support at $0.4690 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently trading near major support levels at $0.4640 and $0.4600.

Ripple price struggled to recover against the US Dollar and Bitcoin. XRP/USD is struggling and it remains at a risk of more declines below the $0.4600 support.

Ripple Price Decline

Yesterday, there was a downside correction from the $0.4880 swing high in Ripple price against the US Dollar. The XRP/USD pair declined and broke the $0.4800 and $0.4750 support levels. The decline was such that the price even broke the 61.8% Fib retracement level of the last leg from the $0.4630 low to $0.4880 swing high. Finally, there was a close below the $0.4750 support and the 100 hourly simple moving average.

During the slide, yesterdays highlighted major bullish trend line was breached with support at $0.4690 on the hourly chart of the XRP/USD pair. Currently, the price is trading near a key support at $0.4640. A break below this may push the price towards the $0.4600 support area. Any further declines depend how XRP buyers react when the price reaches $0.4600. On the upside, an initial resistance is near the 23.6% Fib retracement level of the last decline from the $0.4877 high to $0.4630 low.

Ripple Price Analysis XRP USD

Looking at the chart, the price is at a risk of more declines below $0.4640. To recover, the price must move back above $0.4750 and the 100 hourly SMA. The $0.4750 resistance also coincides with the 50% Fib retracement level of the last decline from the $0.4877 high to $0.4630 low.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently near the 30 level.

Major Support Level $0.4600

Major Resistance Level $0.4750

The post Ripple Price...

16:00

Czech Investment Bank Raising $100 Million for Blockchain Fund CoinDesk

Prague-based Benson Oak has announced it is raising $100 million to launch an investment fund with a focus on blockchain startups in Israel.

15:24

Decentralized Exchange Bancor Falls Victim to $24 Million Security Breach NewsBTC

A popular decentralized exchange platform, Bancor, recently took to Twitter to announce that the platform fell victim to a security breach, giving further details about the apparent hack.

Bancor Sees $24 Million In Cryptos Stolen

On July 9th at 8 AM (UTC), Bancor released a Tweet noting that its web service would be closed down for maintenance. This announcement, which came out of nowhere, got some users worried, as they wondered what had occurred.

A few hours later, another Tweet was issued bringing clarity to the situation, writing:

This morning (CEST) Bancor experienced a security breach. No user wallets were compromised. To complete the investigation, we have moved to maintenance and will be releasing a more detailed report shortly. We look forward to being back online as soon as possible.

According to details released in an update, a wallet used to update smart contracts was compromised by an unnamed attacker. The hacker or group of hackers were able to withdraw 24,984 ETH, along with two ERC-20 tokens, which are NXPS and the in-house BNT.

The total amount of funds stolen amounted to $24 million, but the update stressed that no user wallets were compromised.

Acting quickly, the team at the exchange utilized code in the BNT smart contract that allowed for them to freeze the stolen tokens. The update noted:

Once the theft was identified, we were able to freeze the stolen BNT, limiting the damage to the Bancor ecosystem from the theft.

Adding that this function was only meant to be used in an extreme situation, like the one seen just recently. The exchange was unable to take control of the ETH or NXPS tokens but the update made it clear that the platform is working with dozens of cryptocurrency exchanges to trace the stolen funds, and possibly identify the hacker(s).

Bancor has become one of the most prominent decentralized exchange (DEX) platforms in the industry, rai...

15:05

Crypto Custody Poses Barrier to Institutional Investment Bitcoin News

Crypto Custody Poses Barrier to Institutional Investment

Cryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets.

Also Read: Policy Easing, New Crypto Classification in South Korea

Lack of Crypto Custody Services Comprises Serious Issue for Institutional Investors

Crypto Custody Poses Barrier to Institutional InvestmentA number of finance professionals have argued that a lack of cryptocu...

15:00

Ethereum Price Analysis: ETH/USD Broke Key Support NewsBTC

Key Highlights

  • ETH price fell sharply and broke a major support near $475-478 against the US Dollar.
  • Yesterdays highlighted important bullish trend line was breached with support at $476 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is now trading well below the $475 support and the 100 hourly simple moving average.

Ethereum price made a sharp downside move against the US Dollar and Bitcoin. ETH/USD may decline further if sellers remain in control below $475.

Ethereum Price Drop

A new correction wave was started from the $496 high in ETH price against the US Dollar. The ETH/USD pair failed to hold important support levels near $475, which opened the door for more losses. It declined sharply and settled below the $475 support and the 100 hourly simple moving average. During the decline, there was a break below the 61.8% Fib retracement level of the last leg from the $451 low to $496 high.

More importantly, yesterdays highlighted important bullish trend line was breached with support at $476 on the hourly chart of ETH/USD. It seems like the recent break below the trend line, 100 SMA and $475 has pushed the price back in a bearish zone. At the moment, the price is trading near the 76.4% Fib retracement level of the last leg from the $451 low to $496 high. A break below the $460 support zone could accelerate declines back towards the $450 support. Any further declines below $450 may perhaps put a lot of pressure on buyers.

Ethereum Price Analysis ETH USD

Looking at the chart, the price turned red and it could decline further below $460. If there is an upside move, the price is likely to face sellers near $475 and the 100 hourly SMA. An immediate resistance is at $470, which is also a pivot level.

Hourly MACD The MACD is gaining momentum in the bearish zone.

Hourly RSI The RSI is now near the oversold levels with many negative signs.

Major Support Level $450

Major Resistance Level $475

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

14:15

Tron (TRX) Price Watch: Short-Term Support Zones NewsBTC

Tron Price Key Highlights

  • Tron is on another leg lower but might be due for a bounce off the nearby support zones.
  • Price has tumbled through most of the Fib extension levels but is still due to test the channel support and full extension.
  • Technical indicators are showing mixed signals, with oscillators hinting at a bounce.

Tron has been in selloff mode for the past few days but might be able to bounce off these nearby support areas.

Technical Indicators Signals

The 100 SMA is still below the longer-term 200 SMA on this time frame to indicate that the path of least resistance is to the downside. This confirms that the selloff is more likely to resume than to reverse.

Also, the gap between the two is widening to reflect strengthening bearish momentum. The 100 SMA is also near the top of the descending channel on the 1-hour time frame to add to its strength as resistance in the event of a pullback.

Tron might be due for a bounce off current levels as price is hovering at the 78.6% extension. The full extension is located at 0.034 but Tron could also find some support at the bottom of the channel around 0.035.

RSI has been lingering around oversold territory for quite some time, which reflects exhaustion among sellers. Turning higher could draw buyers in and Tron could follow in the climb. Stochastic is also sitting in the oversold region but has yet to move back up to signal a pickup in buying pressure.

TRXUSD Chart from TradingView

Cryptocurrencies are erasing part of their gains from the previous week after a few American economists, namely Joseph Stiglitz, Nouriel Roubini and Kenneth Rogoff, gave negative remarks on bitcoin.

In an interview with Financial News, Stiglitz cited:

You cannot have a means of payment that is based on secrecy when youre trying to create a transparent banking system. If you open up a hole like bitcoin then all the nefarious activity will go through that hole, and no government can allow that.

The post Tron (TRX) Price Watch: Short-Term Support Zones appeared first on NewsBTC.

14:08

Bitcoin Cash Price Analysis: BCH/USD Extending Losses NewsBTC

Key Points

  • Bitcoin cash price declined further and broke the $730 support area against the US Dollar.
  • There was a break below a key bullish trend line with support at $740 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair may continue to move down towards the last swing low and support at $700.

Bitcoin cash price extended its downside correction below $740 against the US Dollar. BCH/USD is likely to extend its decline further towards the $700 support.

Bitcoin Cash Price Decline

There was a downside correction initiated from the $780 swing high in bitcoin cash price against the US Dollar. The BCH/USD pair declined below the $750 support and faced an increased selling pressure. It prompted more declines and the price declined below the $740 support area. More importantly, there was a close below the 50% Fib retracement level of the last leg from the $698 low to $780 high.

Sellers took control recently, resulting in a break below $730. There was also a break below a key bullish trend line with support at $740 on the hourly chart of the BCH/USD pair. The pair is now trading well below the $750 level and the 100 hourly simple moving average. An immediate support is around the 76.4% Fib retracement level of the last leg from the $698 low to $780 high at $717. Below this, the price is likely to extend losses towards the last swing low and support at $700.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the price is showing a few bearish signs below $750, $740 and the 100 hourly SMA. If there is an upside correction, buyers could struggle to break the $740 and $750 resistance levels in the near term.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for BCH/USD is now moving into the oversold levels.

Major Support Level $700

Major Resistance Level $750

The post Bitcoin Cash Price Analysis: BCH/USD Extending Losses appeared first...

14:05

BitGo Adds 57 Ethereum Tokens In Largest-Ever Custody Service Expansion CoinDesk

Bitcoin veterans are jumping into the token economy with new licenses and custody options.

13:49

Bitcoin (BTC) Price Watch: Potential Bounce Targets NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price is still inside its short-term ascending channel but is on its way to test support.
  • If the near-term floor holds, the Fibonacci extension tool on this pullback shows the potential upside targets.
  • Technical indicators are suggesting that the rally could carry on from here.

Bitcoin price looks prime for a bounce off its short-term channel bottom and might recover to the Fib extension levels.

Technical Indicators Signals

The 100 SMA is above the longer-term 200 SMA on this time frame to confirm that the path of least resistance is to the upside. This means that the uptrend is more likely to resume than to reverse or that support is more likely to hold than to break.

In addition, the 100 SMA is currently holding as dynamic support while the 200 SMA is near the channel bottom to add an extra layer of defense for bulls. RSI is indicating oversold conditions and looks ready to pull up, so bitcoin price might follow suit.

Stochastic is still on the move down to indicate that theres some selling pressure left. However, the oscillator is already approaching oversold levels to signal exhaustion among bears. Turning higher could show that bullish pressure is returning.

The 50% extension is close to the mid-channel area of interest at $6,800 and might be the first upside target. Stronger bullish momentum could take bitcoin price up to the 61.8% extension at $6,842 or the 78.6% extension at the channel top or $6,900. The full extension is at $6,991.90 or near the $7,000 major psychological barrier.

BTCUSD Chart from TradingView

There were a few negative remarks from American economists Joseph Stiglitz, Kenneth Rogoff, and Nouriel Roubini citing that bitcoin will fail as governments increase regulatory efforts. These may be to blame for the recent slide in bitcoin price, erasing part of the previous weeks rallies.

This is nothing new to the cryptocurrency, though, and it might just take a string of positive updates to revive the climb. Besides, bitcoin and its peers were off to a good start for the quarter so investor optimism is evident.

The post Bitcoin (BTC) Price Watch: Potential Bounce Targets appeared first on NewsBTC.

13:32

Crypto Markets Seeing Red, Total Market Cap Down Almost $15 Bln Cointelegraph.com News

Crypto markets are in the red today, with total market capitalization down almost $15 billion from yesterdays high

13:05

Tens of Millions View Crypto Tech During World Cup Bitcoin News

Hyundai Digital Asset Company (Hdac) paid to air a television commercial for its blockchain solution-based services during this years World Cup in Russia. And while it was only a little over half a minute, its something of a first. The crypto community generally wowd at the ecosystems arrival, its maturity, in having the idea put in front of tens of millions of people (maybe even billions). However, is this really an advancement, or is it just another cynical corporate ploy to exploit a little understood technology?  

Also read: US Presidential Candidate Would Pardon Snowden, Ulbricht on First Day

Millions are Exposed to Blockchain Technology During World Cup

With a good old fashioned blow out in evidence on the pitch, 2018 World Cup fans watching on television around the world were confronted with perhaps something slightly more interesting, the word blockchain. Zug, Switzerlands Hyundai Digital Asset Company paid to air a 35 second spot highlighting its products through their use of technology underpinning cryptocurrencies such as Bitcoin.

Hdac Technology is building the future with the blockchain solution, the spot immediately highlights at the screens b...

12:32

Chinese Regulator Warns Against Mythologizing Blockchain Cointelegraph.com News

A top official at the China Banking and Insurance Regulatory Commission has acknowledged blockchain as a significant innovation, though warns not to mythologize it

12:30

Walmart Turns to Blockchain to Ease Package Delivery Woes News CCN

With delivery being one of the most challenging aspects of online retail, Walmart is looking to solve the puzzle one blockchain patent at a time. On July 5 the Bentonville, Arkansas-headquartered big-box retailer was awarded a patent detailing an invention focusing on the delivery of packages as well as scheduling the delivery of these packages. Continued

The post Walmart Turns to Blockchain to Ease Package Delivery Woes appeared first on CCN

11:39

Metal Concentrates Exchange to Form Blockchain Consortium for Minerals Trading Cointelegraph.com News

Open Mineral online-exchange is looking to set up a consortium of miners and financial institutions to build a blockchain infrastructure for minerals trading and logistics

11:35

IOTA Tangle Transactions Nosedive as Spammers Create Parasite Chains Bitcoin News

IOTA Foundation Head, Lewis Freiberg, attempted to explain alleged scalability and transaction issues at the project. The worlds number 9 cryptocurrency by market capitalization is under some pressure to clarify why its answer to traditional blockchain technology, the Tangle, is increasingly having to deal with spammers who create parasite chains or Side Tangles.   

Also read: Quebec Mining Drama: Bitmain Money Muscle or Local Sour Grapes?

IOTAs Tangle Seems to Have Transaction Issues

Whats up with the Tangle? is a recent post by Lewis Freiberg, Head of Ecosystem at IOTA Foundation. The former psychology majors explanation is part counseling, essentially teaching enthusiasts how to emotionally view the projects success and issues, and part technical analysis.

Describing the essays title as a common question, Mr. Freiberg stresses how such queries about the state of the Tangle usually stem from the way it is represented in a visualiser or due to a high/low confirmation rate. To reassure those presumably worried or alarmed, he notes whenever these questions are asked in the community, we are asking them ourselves. We are all as intrigued as everyone, if not wed be doing something else. These events present learning opportunities for those working on IRI and other aspects of the network.

...

11:01

Study: Crypto Could Become Mainstream Means of Payment Within Next Decade Cointelegraph.com News

A joint report by Imperial College and eToro exchange says that crypto could replace traditional money within a decade

10:45

Delaware Awards IBM $738,000 Contract to Develop Prototype Blockchain Filing System News CCN

Delaware, in its bid to provide a good legal and regulatory environment for blockchain technology, has awarded a $738,000, single bid contract to IBM to build a prototype for a blockchain based corporate filing system for the state, according to delawareonline.com. Delawares corporate franchise business contributes more than 25% of the states revenue. Blockchain advocates Continued

The post Delaware Awards IBM $738,000 Contract to Develop Prototype Blockchain Filing System appeared first on CCN

10:05

Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past Bitcoin News

Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the Past

Over the past year, cryptocurrencies like bitcoin have gained in value and some people have cashed out their digital assets in order to purchase cars or a new home. However, some people who have sold cryptocurrencies in the past may have a hard time getting a home loan even though they have the funds to purchase the property. This week on the bitcoin Reddit forum r/btc, a person who attempted to get a mortgage from the U.S. based financial firm, PNC Bank, was denied because he sold cryptocurrencies in the past.

Also read: Dancing With the Devil: Cashing Out Cryptos Into Fiat Not So Easy

Mortgage Division at PNC Bank Allegedly Denies Loan Because of Prior Bitcoin Sales

Lenders May Deny Your Mortgage Application if You Sold Bitcoin in the PastBack in December of 2017, the price of BTC was close to $20,000 USD per coin an...

10:04

Ethereum (ETH) Technical Analysis: Sergey Lauds Crypto Privacy Features NewsBTC

In the last day, Ethereum (ETH) has been on a slide losing three percent rejecting higher highs above $500. Even though we are net bullish, chances are ETH sellers might push lower below $450 triggering our sell trades with targets at $400 and $350.

From the News

Sergey Brin is the ninth richest man in the world with a net worth of approximately $52 billion. Hes also the co-founder of Google, now Alphabet-a multi-billion dollar company he founded with Larry Page. So, this guy is rich, occupies a position of influence and his comment on any topic/ security can cause a buzz in the industry. Sergey has been caught before praising cryptocurrencies and crediting them for creating a computing boom and a technological renaissance earlier this year.

He pointed out the demand caused by GPU friendly proof of work algorithms that some cryptocurrencies employ and how this was creating some sort of a boom. Besides, he couldnt help but laud the privacy of zero-knowledge proofs employed by different cryptographic algorithms. Zero-knowledge proofs despite not being used by Ethereum have brought an edge to some as ZCash for example. This is so because they conceal transaction while allowing seamless connection to the public ledger.

10:02

IOTA, EOS, Litecoin, Stellar Lumens, EOS Technical Analysis: EOS Side-Chains Talk Dominate NewsBTC

The slide seems to pick up even as bullish reversal pattern print out in weekly charts. EOS, IOTA and Litecoin are experiencing resistance to upsides. In my view, and in light with the general bearish trend, sellers might take control today and push prices towards immediate supports.

Lets have a look at these charts:

EOS Technical Analysis

Like Ripple (XRP), price stability of EOSIO RAM is important for the very existence of the network. As it stands and according to Dan Larimer, the price of RAM shall be determined by free markets dynamics and of course to enable that, we have Bancor Relay Tokens.

All Bancor does is to enable buying and selling of RAM at previously agreed market rates but since its vital for dApp development, developers ought to know about future prices for planning purposes. To tame prices, there are proposals of setting side-chains. The problem now is creating a smart contracts layout that perfectly links these side chains with the main EOSIO chain. Further suggestions indicate that stand by BPs would be required to contribute towards this interesting development...

09:59

Exclusive: Following Security Breach, Bancor Expects to Be Online in 24 Hours Cointelegraph.com News

Following a security breach, decentralized crypto exchange Bancor said it expects to come back online within 24 hours

09:38

CBOE Files with SEC for Bitcoin ETF Bitcoin Magazine

SEC CBOE ETF

The United States Securities and Exchange Commission (SEC) is examining an application from the Chicago Board Options Exchange (CBOE) Global Markets which, if approved, could grant the company a coveted bitcoin ETF license, and bring new waves of institutional investors to the bitcoin arena.

The process began in June 2018, when the SEC recently sought comments from industry professionals regarding the ETF in question, which is being offered through the VanEck SolidX Bitcoin Trust a joint venture between financial firms VanEck and SolidX. The application is the Trusts third attempt to garner any such license; the first two attempts were rejected in early 2017, upon which the SEC released the following statement:

Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated. Therefore, the Commission does not find the proposed rule change to be consistent with the Exchange Act.

The cryptocurrency space remains largely unmonitored, and the SEC has sought to take a firm stance to ensure consumer protection and safety. After much debate and speculation, however, officials recently decided that both bitcoin and Ethereum despite its early pre-sale (now ICO) status were too decentralized to be considered securities, and could not be regulated by the organization.

Regulators of the SEC also announced in late June that they were working on an outline for newer (and less-restrictive) legislation regarding open-ended and low-risk ETFs to increase innovation in the financial space. This could potentially boost the Trusts chances, along with other ventures seeking to establish bitcoin ETFs in the future.

Granted the VanEck SolidX application moves forward, clients will be able to purchase shares in the Trust, which are worth approximately 25 bitcoins each at press time. Following a period of speculation from interested professionals, the application has now been published for public viewing and commentary, so regulators can better understand if the venture is worth acting on.

[The ETF], under normal market conditions, will use available offering proceeds to purchase bitcoin primarily in the OTC markets without being leveraged or e...

09:35

Former World Bank Chief Economist: Bitcoin Will Fail as Governments Increase Regulation Cointelegraph.com News

Three U.S. economists offer harsh criticism of Bitcoin, claiming that its doomed to be regulated into oblivion

09:34

Tezos Takes The Biggest Drop Among The Billion-Dollar Coins News CCN

Since raising $232 million in a record breaking ICO a year ago, Tezos has seen its fortunes take a battering after a series of unfortunate events including embarrassing legal battles, regulatory issues, disgruntled community members and boardroom disunity. Against this backdrop, the coin, which was once heralded as a potential challenger to bitcoin with a Continued

The post Tezos Takes The Biggest Drop Among The Billion-Dollar Coins appeared first on CCN

08:45

Survey: Investors Prefer Ethereum over Bitcoin as the Best Investment Opportunity NewsBTC

According to a survey conducted by U.S. law firm Foley & Lardner LLP, investors and executives prefer Ethereum over Bitcoin and other leading coins like Monero, Dash, and Zcash. At the same time, there is a desire for more regulations in the crypto market.

Survey: Foley & Lardner

The survey  completed by more than 60 professionals, the majority of whom are investors or business executives contained questions related to regulations, investments, initial coin offerings (ICOs), the likelihood a crash, and market capitalization, providing important statistics that enthusiasts should pay attention to in the coming year.

It showed that most of the respondents want a more regulated industry in the U.S, because, as of now, there is a lack of clarity on how to apply the current financial rules and regulations to the digital asset market.

With regards to the top coins, 43% of participants believe that Bitcoin has the greatest likelihood for point of sale (POS) purchases, but only 35% believe that it is the best investment opportunity. In fact, it is beat out by Ethereum at 38%.

As for ICOs, 84% of those surveyed by Foley & Lardner believe that the fundraising method should be regulated. At the same time, 86% said that the crypto industry needs to develop global regulatory standards.

According to the findings, the crypto industry is facing other risks too. For example, hacks and security breaches are the most pressing threats to the viability and growth of the ecosystem. 71% of respondents indicated that theft of cryptos is a strong or very strong risk.

With regards to the future, 41% of the respondents said that they thought the market would crash in the next 12 months, and another 29% believe that this will happen in the next two to five years. That said, in attempts to take advantage of the volatility in the market (the respondents were primarily executives and i...

08:44

Jordan Sather: Hill & Bill Fly Commercial / QAnon / Space Force / Pentagon Audit: An Unpleasant Surprise "IndyWatch Feed Economics"

https://noblegoldinvestments.com/ Download the Government Lies Exposed: Inflation eBook http://bit.ly/2IxuQeI

Todays Links: Q The Plan To Save The World https://bit.ly/2IvWF5Y US Federal Witness Due To Testify Against Hillary Clinton For Drug Crimes Killed In Massive Explosion https://bit.ly/2N2GYG9 Unpleasant surprises expected in Pentagon audit https://bit.ly/2KTkABz

Support my work on:
Patreon: https://goo.gl/qipbjt
PayPal: https://goo.gl/wGZbmG

Website:
http://www.destroyingtheillusion.com (Subscribe to the newsletter to stay in touch!)

Social Media:
Twitter: @Jordan_Sather_
Facebook: @destroyingtheillusion
Instagram: @jaysather

Vids also on:
Steemit/Dtube: https://goo.gl/quLMKi
BitChute: https://goo.gl/mSB8VB

DTI Apparel https://bit.ly/2pPIgeu

Donate via Crypto:
BitCoin: 1Ce5QjiEqUnaHzAeU8jDR1mX8BdJLgdMZe
Ethereum: 0x0B096d467BB4D8B65489a3Fa224FC02Be25227CE
LiteCoin: LRKx8dJjV5ZTxtayh1sc6uckTJG7e9XoQD
BitcCoin Cash: 15iuUBXL8ZTiYjA8oAkBv37mfnv4jpStzz

Thank YOU for watching and supporting!

08:44

Harmless for Now, Dangerous in the Future: Heres What EU Researchers Think of Cryptocurrencies Cointelegraph.com News

European Parliament asked academics to share their insight on cryptos, and they advised ECB to stay cautious, although stressed that VCs wont pose any serious risk in the near future

08:25

The Pirate Bay Is Again Using Users CPUs to Mine XMR Bitcoin News

The Pirate Bay Is Again Using Users CPUs to Mine XMR Cryptocurrency

The Pirate Bay is again taking over its users CPUs in order to mine the Monero (XMR) cryptocurrency to generate additional revenue. Unlike previous times, the site now displays a notification on the matter for users to know what is going on with their systems.

Also Read: The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business

Leave Now or Else

The Pirate Bay Is Again Using Users CPUs to Mine XMR CryptocurrencyThe Pirate Bay, the major torrent downloading website, has begun notifying its visitors that their systems are being used to mine Monero. The message at the bottom of the site now reads: By entering TPB you agree to XMR being mined using your CPU. If you dont agree please leave now or install an adBlocker.

Last year, the...

08:01

Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen News CCN

In a statement, Bancor, a decentralized exchange, stated that a vulnerability was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT. In a tweet earlier today, Bancor stated that it has identified a security breach and will investigate into the issue. It assured that no Continued

The post Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen appeared first on CCN

07:51

Expanding the Practical Use of Blockchain Technology Within Insurance

The Institutes RiskBlock&trade, Alliance is joining forces with Accenture in a move which will see both firms expand the use of blockchain technology inside the insurance sector. Accenture joins the Alliance as the lead framework architect responsible for developing a production grade platform, to create and implement blockchain use cases. The Institutes RiskBlock Alliance is a consortium of business specialists who seek to advance insurance specific use cases through RiskBlocks interoperable blockchain architecture. , RiskBlock was made by The Institutes, a leading and trusted insurance knowledge team dedicated to developing the risk management and insurance industry. Accenture is a pro services firm that can help customers improve performance and create sustainable value, while driving innovation that improves the way the world operates and resides.

,As lead framework architect, Accenture will be responsible for conceptualizing, designing and developing the platform which will be utilized by the consortium to encourage and execute its business driven use cases. Theyll also provide support on a continuing basis after development for keeping up the platform as the demands change and technology evolve. Accentures international insurance lead, Michael Costonis, told Bitcoin Magazine, Accenture is building the blockchain frame to allow for ease of use by RiskBlocks membership and finally for other stakeholders inside the insurance ecosystem. ,He said, As insurers increasingly rely on partnerships to make business efficiencies and enhance customer adventures, blockchain technology may be vital to holding partners responsible without needing to establish trust.

,RiskBlock plans to serve business policyholders and save costs by streamlining payments, reducing fraud and improving the accuracy of customer data, using applications and tools developed through its interoperable blockchain architecture. Christopher G. McDaniel, president of The Institutes RiskBlock Alliance, said the consortium is dedicated to making insurance solutions utilizing blockchain technology. Partnering with Accenture to develop real world blockchain software will result in best insurance solutions and chart a clear path for efficiently implementing blockchain technology during the insurance business, McDaniel said. Earlier this season, The Institutes RiskBlock Alliance developed a blockchain based subrogation tool that enhanced efficiencies from the accounting and payment regions of claim processing.

Sources:
bitcoinmagazine.com
a consortium of industry experts
RiskBlocks
...

07:39

$7K Back in Play? Price Indicators Shift In Bitcoin Rally's Favor CoinDesk

It's been a standoff between the bitcoin bulls and bears over the past few days, but the bulls might getting ready to take charge.

07:35

Cryptocurrency Platform Monaco Purchases the Domain Name Crypto.com NewsBTC

The highly sought after domain name Crypto.com  of which for years the owner refused to sell has been purchased by cryptocurrency wallet provider Monaco. In turn, Monaco has rebranded itself as Crypto.com.

Monaco Becomes Crypto.com

According to insider Niko Younts owner of over 1,000 crypto-related domain names the cost of the domain could be between $5 to $10 million. Younts, who spoke with The Verge, noted that the term crypto is a big one for industry leaders from a marketing perspective. As of now, the numbers surrounding the deal have not been made public and Monaco CEO Kris Marszalek has declined to go into any specifics.

The domain name was first registered back in 1993, years before we saw the emergence of Bitcoin, by professor of computer and information science at the University of Pennsylvania Matt Blaze who also sits on the board of directors of the Tor Project.

Although the professor has received an increasing number of offers for the domain name over the past few years, Blaze has repeatedly said that Crypto.com was not for sale. He stated the fact on Twitter in September of last year, when cryptocurrencies were attracting a lot attention due to the increasing value of the coins, and again in January.

Despite this, Blaze has agreed to a deal with Monaco, a cryptocurrency platform that offers wallet and exchange services and is also developing a crypto-backed debit card in cooperation with VisaAs noted, the numbers have not yet been released, but according to Monacos CEO the deal wasnt all about the money, the sale was more about finding the right home for the domain: If it was only about money hed have sold it a long time ago, Marszalek said. He continued:

This is a very powerful identi...

07:28

Expanding the Practical Use of Blockchain Technology Within Insurance Bitcoin Magazine

Expanding the Practical Use of Blockchain Technology Within Insurance

The Institutes RiskBlock Alliance is joining forces with Accenture in a move that will see both companies expand the use of blockchain technology within the insurance sector. Accenture joins the Alliance as the lead framework architect responsible for developing a production-grade platform to create and implement blockchain use cases.

The Institutes RiskBlock Alliance is a consortium of industry experts who seek to advance insurance-specific use cases via RiskBlocks interoperable blockchain architecture. RiskBlock was created by The Institutes, a leading and trusted insurance knowledge group committed to developing the risk management and insurance industry.

Accenture is a professional services firm that helps clients improve performance and create sustainable value, while driving innovation that enhances the way the world works and lives.

As lead framework architect, Accenture will be responsible for conceptualizing, designing and developing the platform that will be used by the consortium to support and execute its industry-driven use cases. They will also provide support on an ongoing basis after development for maintaining the platform as the needs change and technologies evolve.

Accentures global insurance lead, Michael Costonis, told Bitcoin Magazine, Accenture is building out the blockchain framework to allow for ease of use by RiskBlocks membership and eventually for other stakeholders within the insurance ecosystem.

He said, As insurers increasingly rely on partnerships to create business efficiencies and improve customer experiences, blockchain technology will be critical to holding partners accountable without first needing to establish trust.

RiskBlock plans to serve industry policyholders and save costs by streamlining payments, reducing fraud and improving the accuracy of customer data using applications and tools developed via its interoperable blockchain architecture.

Christopher G. McDaniel, president of The Institutes RiskBlock Alliance, said the consortium is committed to creating insurance solutions using blockchain technology.

Partnering with Accenture to develop real-world blockchain applications will lead to better insurance solutions and chart a clear course for effectively implementing blockchain technology throughout the insurance industry, McDaniel said.

Earlier this year, The Institutes RiskBlock Alliance dev...

07:16

Token Platform Bancor Goes Offline Following Security Breach

Token creation platform Bancor has gone off-line following a security violation which took place Monday morning. Bancor posted on Twitter that it took its stage off-line following the security incident, saying that no user purses were compromised. To complete the investigation, weve moved to maintenance and will be releasing a more comprehensive report soon. We anticipate being back on-line as soon as possible. A spokesperson for Bancor affirmed the episode when attained by email. The developments come over A year after Bancor raised $153 million in a first coin offering, representing the biggest token sale of its type in the time.

Additionally To serving as a decentralized exchange, Bancor allows for the production of new cryptographic tokens. Whilst the startup stressed that no user purses were impacted, social networking chatter suggests that funds connected to the stage might were compromised in the episode. A minimum of one observer has promised that as far as 25, 000 ETH a sum worth approximately $12 million was moved from Bancor addresses. A representative for Bancor did not instantly respond to questions about the veracity of these claims or when the stage could be brought back online. Questions aside, the episode appears to have influenced the cost of Bancors BNT token.

According to CoinMarketCap, the tokens cost is down roughly 14 percent throughout the past day and is currently trading at around $2.73. Bancor Cryptocurrency 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
Twitter
raised $153 million
ultimately eclipsed
claimed
currently
image
strict set of editorial policies

07:11

Venezuelan Crypto Enthusiast Buys 102 Kilos of Food from NANO Donations amid Hyperinflation News CCN

A Venezuelan crypto enthusiast has recently bought over 100 kg of food for his family and community thanks to the cryptocurrency community, after he received dozens of NANO donations from Reddit users. According to a thread started little over a week ago, Reddit user Windows7733 revealed a 0.5 NANO (~$1.32) donation he received was nearly Continued

The post Venezuelan Crypto Enthusiast Buys 102 Kilos of Food from NANO Donations amid Hyperinflation appeared first on CCN

06:50

CBOE Files Application for Bitcoin-Based ETF with SEC Bitcoin News

The Chicago Board Options Exchange (CBOE) has filed an application for a bitcoin-based exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). The SEC has requested public feedback regarding CBOEs prospective ETF.

Also Read: Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

CBOE Files for Bitcoin ETF With SEC

CBOE has filed an application for a bitcoin-based ETF that will list and trade BTC shares backed by the Vaneck Solidx Bitcoin Trust (the Trust). According to a release published by the SEC, the application was filed on the 20th of June.

The SEC is seeking public feedback regarding the application, with the release stating that Interested persons are invited to submit written data, views, and arguments concerning the proposed ETF.

Fund to Invest in Bitcoin Only

...

06:35

Bank of Korea: Financial Institutions Exposure to Crypto Risks Is Insignificant NewsBTC

An official report released by the Bank of Korea (BOK) revealed that the outstanding balance of virtual accounts in local banks reached 2 trillion won (US$1.79 billion) as of December 2017. The amount, equivalent to about eight percent of total deposits operated by brokerage houses in South Korea, poses an insignificant risk, according to the central bank.

Bank of Korea Reveals Outstanding Balance of Digital Currency Accounts Worth 2 Trillion Won

South Korea has one of the largest cryptocurrency communities in the world, hosting 23 self-regulated digital currency operators and billions of Won traded daily. The top 2 exchanges, Bithumb and Upbit, have dealt nearly $600 million (89,128 BTC) and $121 million (18,097 BTC) worth of trades, respectively, in the last 24 hours (at the time of writing), according to CoinMarkeCap.

Bank of Korea, the countrys central bank, stated that investment in digital currency assets remained low despite the cryptocurrency fever in late 2017 that sent Bitcoin through the roof, up to the $20,000 all-time highs in mid-December.

In that period, when the total market capitalization of all cryptocurrencies traded in exchanges reached $900 billion, Bithumb held over $6 billion in user funds. The operator revealed the information in April 2018 as, being the only publicly listed cryptocurrency exchange in the world, it is required to disclose its holdings and revenues to investors.

The outstanding balance of digital currency accounts in South Korean banks reached 2 trillion won, which is about eight percent of the total 26 trillion won worth of deposits managed by South Korean brokers. The weight of cryptocurrency in banking accounts, however, is not enough to unsettle the countrys top financial authority, reports the Yonhap News Agency.

The amount of crypto-asset investment is not really big, compared with other equity markets, and local financial institutions exposure to possible risks of digital assets is insignificant. Against this backdrop, we expect crypto-assets to have a limited impact on the South Korean financial market, said the central bank.

The market value of cryptocurrencies, however, nosedived during the year of 2018 with market capitalization standing at $273 billio...

05:50

$13.5 Million in Crypto Stolen From Token Platform Bancor CoinDesk

Bancor is said to have suffered "a security breach" this morning.

05:47

Major Futures Exchange CBOE Files For Bitcoin ETF, Increasing Probability of Approval News CCN

Cboe, the worlds largest futures exchange, has filed for a bitcoin ETF with the US Securities and Exchange Commission (SEC), to enable investors in the public market to trade bitcoin. Bitcoin-Only ETF The official document filed by CBOE with the SEC emphasized that the Trust, referring to Cboe, will only invest in bitcoin on behalf Continued

The post Major Futures Exchange CBOE Files For Bitcoin ETF, Increasing Probability of Approval appeared first on CCN

05:20

$42 Million In Crypto Is Now Being Airdropped to NEO Investors CoinDesk

The second half of the Neo Council's airdrop of ONT tokens is finishing up. Now NEP-5 ONT holders need to migrate to Ontology's mainnet.

05:16

YouTube Accused of Negligence in BitConnect Fraud Lawsuit

Digital media giant YouTube was named in a class action lawsuit tied to the meltdown of BitConnect, the cryptocurrency lending platform broadly convicted of fraud. BitConnects shutdown in January which followed a series of warnings from U.S. Investors sparked a series of investor lawsuits, including one filed in late January in Florida. BitConnects system was tied to some token and at house crypto market, each of that have gone awry at the months since. That lawsuit afterwards became a consolidated class action following a court ruling in June, coming in the wake of promises with an ongoing investigation by the Federal Office of Investigation.

The lawsuit faults YouTube for neglect rather than policing the content on its own site especially promotional videos from BitConnect crawlers and boosters more tightly. The plaintiffs composed that, all told, the top 10 most popular BitConnect affiliates printed over 70, 000 hours of unedited content, producing 58, 000,000 perspectives and lures hundreds, if not tens of thousands of sufferers. They went on to say By enacting policies designed to prevent bad actors from disseminating dangerous, offensive or improper content via its platform, YOUTUBE owed, by its sole discretion, plaintiffs and the Class an obligation to reasonable care to prevent such content from damaging its users .

YouTube, in accordance with the lawsuit, failed as a gatekeeper at defend its users . Google YouTubes parent firm especially moved in March to ban cryptocurrency advertisements, including those tied to first coin offerings. This policy went into effect last month. Within an e-mail to CoinDesk, David Silver, creator of the Silver Miller law firm who filed the class action suit, urged the company to take liability for its alleged role. The platform enabled BitConnect to reach tens of thousands of potential investors, all while YouTube was aware that BitConnect was a scam. As the old expression goesSometimes whenever you lie with the dogs, you get fleas, he composed.

Google didnt instantly respond to a request for comment. Picture Credit: BigTunaOnline / Shutterstock.com. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
in late January
CoinMarketCap
an ongoing inquiry
...

05:15

Taiwanese Fintech Startup Announces Launch of Fiat-Pegged Digital Token NewsBTC

A Taiwanese fintech startup has announced plans to introduce a digital token that is pegged to the value of the New Taiwan Dollar (NTD). Green World Fintech Services will be building their new currency on the Ethereum network.

Green World Patents Tokenisation Process to Protect TWDT from Fraud and Money Laundering

The new NTD-backed currency will be called the Taiwan Digital Token (TWDT). According to reports cited by Taiwan News, the value of the token will use the NTD market to calculate its price. By tying it to an existing fiat currency in such a way, Green World Fintech Services are hoping their creation will be less volatile than other cryptocurrencies such as Bitcoin and Ethereum.

The report in the Taiwanese press states that Green World have patented a unique process for the tokenisation of the NTD. This, they believe, will help to safeguard the new currency from money laundering and potential incidents of fraud.

Green World will be working closely with established financial institutions in Taiwan. This will mean that the accounts of users of the TWDT will be connected with trusted traditional bank accounts. According to Green World, this will serve as a means to verify the personal information of their users. Only those transactions with such links will be permitted.

Pending a successful launch, Green World are hoping to make their TWDT available for users to buy online, as well as through designated machines at various real-world locations.

The Taiwanese government are keen to develop the nations digital infrastructure quickly. Green World believe that such a desire will encourage use of their digital token from both businesses and individual users.

The company itself also owns the EC Pay network. According to sources, this is one of the three largest payment processing firms in the nation of Taiwan that specialise in electronic payments. This should uniquely position Green World to take advantage of their existing infrastructure in launching the new digital token.

The fintech startup is also hoping to work closely with various financial auditors. This will help to improve the TWDT, as well as to ensure that it remains compliant of regulations.

However, the report in the Taiwan News alleges that there are voices sceptical of the TWDT. Some believe that the number of tokens in existence will overtake the supply of fiat currency available to the market. To prevent this from occurring, Green World have stated that they will ensure their system is kept as transparent as possible.

Previously at NewsBTC, weve reported on other efforts to launch fiat-backed cryptocurrencies. Along with plans from...

05:01

China: 20 Arrested in Cryptojacking Case Allegedly Affecting Over 1 Million Computers Cointelegraph.com News

China: 20 suspects have been arrested in a major cryptojacking case allegedly affecting over 1 million computers and generating $2.2 million in illicit profits

04:50

Japanese Internet Giant GMO Boosts Own Bitcoin Mining Output With 7nm Rigs Bitcoin News

Japanese Internet Giant GMO Boosts Own Bitcoin Mining Output With 7nm Rigs

Japans internet giant GMO has released the latest results of its cryptocurrency mining operation. The company has also started using 7nm rigs for its in-house mining business. News.Bitcoin.com talked to a GMO spokesperson to find out more details.

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

1906 BTC and 636 BCH Mined

GMO has released its mining report for June. According to the report, the company has mined 1,906 BTC and 636 BCH since its mining operation began in December last year; 528 BTC and 62 BCH were mined in June.

Japanese Internet Giant GMO Boosts Own Bitcoin Mining Output With 7nm Rigs...

04:40

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, NEO: Price Analysis, July 09 Cointelegraph.com News

Even despite pressure from China and India - which comprise 35 percent of the global population - cryptocurrencies are bouncing off their lows. Which coins are confirming a bottom? Lets check the charts

04:39

The Pirate Bay Is Using Visitors Computers to Mine Monero Again News CCN

The notorious torrent index site The Pirate Bay has resumed using users CPU to mine Monero (XMR) on their website. On July 4th, The Pirate Bay added a disclaimer at the bottom of their website which stated: By entering TPB you agree to XMR being mined using your CPU. If you dont agree please leave Continued

The post The Pirate Bay Is Using Visitors Computers to Mine Monero Again appeared first on CCN

04:26

Walmarts Latest Patent Unveils Blockchain-Based Delivery Management System Cointelegraph.com News

Walmarts latest blockchain-related patent application outlines a delivery system that keeps items safe until their purchasers are able to collect them

04:20

Chinese Yuan Now Accounts for Less Than 1% of Bitcoin Trades, Says PBoC Report Cointelegraph.com News

Report: Chinas central bank says the yuan now accounts for less than 1% of global Bitcoin trades, down from over 90% prior to the countrys crypto

04:15

Study Says Bitcoin Will Replace Traditional Currency Within Ten Years NewsBTC

Cryptocurrencies like Bitcoin are the next natural step for the global economy, according to academics from the Imperial College London in a study commissioned by cryptocurrency exchange eToro.

Store of Value, Medium of Exchange, and Unit of Account

The study, as outlined by the Independent, presents research from Professor William Knottenbelt and Dr. Zeynep Gurguc. The two claim that digital currencies like Bitcoin and Ethereum have already passed one of the three fundamental tests to become a bona fide currency: acting as a store of value.

They reference three main criteria for currencies: being able to act as a store of value, a medium of exchange, and a unit of account. Bitcoin and other major cryptocurrencies are already serving one of those roles, as millions of people are using them as a store of value.

Moving forward, the coins need to fulfill the two remaining roles necessary to become a legitimate currency, becoming a medium of exchange by making it easier for people to exchange goods and services, and also prove it can be used as a unit of account, acting as a measure of value in the economic system. 

In order to fulfill the final two criteria, the researchers said Bitcoin and other cryptocurrencies will need to overcome challenges like scalability and regulation

The world of cryptocurrency is evolving as rapidly as the considerable collection of confusing terminology that accompanies it. These decentralised technologies have the potential to upend everything we thought we knew about the nature of financial systems and financial assets, said Professor Knottenbelt. Theres a lot of scepticism over cryptocurrencies and how they could ever become a day-to-day payment system used by the man on the street. In this research we show that cryptocurrencies have already made significant headway towards fulfilling the criteria for becoming a widely accepte...

04:00

2:00PM Water Cooler 7/9/2018 "IndyWatch Feed Economics"

Today's Water Cooler: Soy, Clinton 2020?, Pelosi messaging, crapification watch, cheese, lithium, cobalt, tinfoil, Bitcoin, robot cars and civil liability, Hollywood, New Yorker cartoons

03:44

South Koreas Central Bank Downplays Crypto Investment Risk for Domestic Banks News CCN

A new report by the Bank of Korea has poured cold water on the perception of cryptocurrencies as a significant share of the deposits held by South Korean banks. The report, which was released on Friday July 6 placed the December 2017 total outstanding balance of crypto assets in South Korean banks at 2 trillion Continued

The post South Koreas Central Bank Downplays Crypto Investment Risk for Domestic Banks appeared first on CCN

03:35

YouTube Accused of Negligence in BitConnect Fraud Lawsuit CoinDesk

The drama around the shutdown of the controversial BitConnect's lending and exchange platform continues.

03:33

Executive Poaches, Institutional Face Offs and a Custody Launch: Last Week in Crypto News CCN

Make sure you check out the previous edition here, now lets go over what happened in crypto last week. In addition to our normal weekly crypto update, weve gone ahead and launched a new podcast The Bitcoin Podcast by CCN. Check out the latest episode on iTunes and be sure to rate and subscribe! Price Watch: Bitcoin rose nearly Continued

The post Executive Poaches, Institutional Face Offs and a Custody Launch: Last Week in Crypto appeared first on CCN

03:18

UK Watchdog Welcomes First Crypto Startups to Regulatory Sandbox

For the very first time, the U.K.s financial regulator is directly recognizing the capacity of blockchain associated startups. For the most recent and fourth largest cohort of startups for its regulatory sandbox, the Country financial behavior authority has given access to 11 blockchain and dispersed ledger technology associated companies almost 40% of the 29 accepted. The regulator obtained 69 applicants in total, out of which 40 didnt make a group according to a FCA statement last week. The regulator said. Weve accepted a number of companies which will be testing propositions relating to cryptoassets. Were eager explore whether, in a controlled environment, the consumer advantages could be sent while efficiently controlling your stresses the associated risks.

Most importantly perhaps, 2030, one of the 11 blockchain companies, will be partnering with both the London Stock Exchange Group and Nivaura, a London based financial services company, to create a DLT based platform to permit companies to raise capital in a much more efficient and compact manner, according to its own description at the FCA post. The platform will allegedly facilitate the main issue of an equity token based on ethereum to investors. The next step will be to provide secondary transfers. Then we could work our way up to the capital pile to reinvent private equity and, public markets, Tomer Sofinzon, co creator of 2030, told the Financial Times.

The FCAs regulatory sandbox was established in June 2016 with the objective of enabling companies to test innovative products, solutions, business models and delivery mechanisms in the marketplace with FCAs temporary authorization. London 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
announcement
Financial Times
regulatory sandbox
London
strict set of editorial policies

03:16

Binance Taps UNIDO Goodwill Ambassador to Lead Charity Effort

A goodwill ambassador for the UN Industrial Development Organization was named as the head of crypto exchange Binances new charity foundation. Announced today, this step puts Helen Hai whose work is mainly concentrated on development in Africa on top of the Binance Charity Foundation, the philanthropic arm of among the worlds biggest trades by trade quantity. Helen is a genuine Believer from the mandate of the Foundation: Blockchain for the social good. Blockchain will make charity clear, hence utilizing technology and innovation in support of the UNs sustainable development goals, the statement said in a statement. Hai is said to have led a charity effort on behalf of the base last month, that Saw the collection of contributions for East Africas jobs development applications.

The charity team is the most recent affiliated organization that Binance has established in recent weeks. Indeed, the foundations creation suggests that the organization is placing its reported profits to work according to Business Insider, Binance expects to bring in just as much as $1 billion in earnings over the span of 2018. Binance is looking to invest in the next wave of cryptocurrency and block start-ups. It announced a $1 billion Social Impact Fund in early June, as CoinDesk previously reported. We believe it is a tumultuous social experimentation. Binance Labs hopes to work with more aspirational jobs to research Blockchain applications and collectively move forward the growth of the industry, Ella Zhang, that leads the markets incubator program, stated at the time. Image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
Announced
work
reported profits
announced
strict set of editorial policies

02:50

Bitcoin Graffiti: How the Economic Revolution Has Painted the Streets Bitcoin News

Bitcoin Graffiti: How the Economic Revolution Has Painted the Streets

As bitcoin and the idea of decentralized technologies continue to disrupt the economy theres been a new wave of artists that use the cryptocurrencys symbolism in many different ways. Some of these creators are fairly unknown and use graffiti to describe the revolutionary aspects of bitcoin in the rebellious form of street art.    

Also read: Privacy-Centric Bob Wallet Adds Bitcoin Cash Support

Over the past few years bitcoin and cryptocurrencies have become popular and last year the technology entered a new phase of attention as a good number of mainstream onlookers finally noticed this economic phenomenon. Most of the evolutionary concepts that have changed the world have always invaded pop culture to a degree and bitcoin is no different as its logo can be seen on clothing items, coffee mugs, while also being represented in paintings and murals. One thing for sure there is a hell of a lot of interesting street art that features bitcoin and other cryptocurrency symbols all around the world as the following examples illustrate.

People say graffiti is ugly, irresponsible and childish but thats only if its done properly. Banksy

Bitcoin Bubble Leake Street Graffiti Tunnel, Lambeth, London

...

02:45

Decentralized Crypto Exchange Bancor Reports Security Breach, Remains Down for Maintenance Cointelegraph.com News

Decentralized cryptocurrency exchange Bancor reports security breach, receives help in freezing funds from fellow crypto service Changelly

02:41

Bitcoin Could go Mainstream Within 10 Years: Imperial College Research News CCN

When will cryptocurrencies gain widespread adoption? According to a study conducted by researchers at the Imperial College London, cryptocurrencies possess the potential of becoming a widely used form of payment within the coming decade. In their research report titled Cryptocurrencies: Overcoming Barriers to Trust and Adoption Imperial College Londons Professor William Knottenbelt and Imperial College Continued

The post Bitcoin Could go Mainstream Within 10 Years: Imperial College Research appeared first on CCN

02:30

Binance Taps UNIDO Goodwill Ambassador to Lead Charity Effort CoinDesk

Binance announced today that it has appointed Helen Hai as the new head of its charity foundation.

01:26

Billionaire Google Co-Founder Sergey Brin is an Ethereum Miner News CCN

Sergey Brin, President of Googles parent company Alphabet Inc., appeared on the panel on emerging technologies at the ongoing Blockchain Summit in Morroco. At his last-minute surprise appearance at the summit, Brin revealed that he is mining Ethereum with his 10-year old son. He also stated that the concept of zero-knowledge proofs is really mind-boggling. Continued

The post Billionaire Google Co-Founder Sergey Brin is an Ethereum Miner appeared first on CCN

01:16

Metals Exchange Forms Blockchain Group to Modernize Minerals Industry

A Switzerland based trading platform for alloy concentrates is forming a blockchain consortium aimed to streamline supply chains from the nutritional industry. To this end, Open Mineral a startup established by a group of former workers in commodity trading and Glencore mining giant said its already started working with the ethereum startup ConsenSys to develop a platform dubbed Minerac. The firm didnt reveal the names of the mining and financial companies which have so far agreed to join the consortium. Based on a report from Reuters, the project aims to have every party involved with mineral mining and trading logistics from mining to shipping to storage and trading participating as nodes of a new blockchain platform.

The intention of the project is to eliminate the present complex and document hefty procedures inside the market, and eventually to allow the different parties to get upgraded logistics data concurrently and transact trade documentation utilizing intelligent contracts embedded inside the blockchain. As the supply chain data are shifted to the dispersed network, the report suggests, mining goods can be traced with distinctive identification data that provides their purpose of their source, permitting compliance with regulations. Launched in 2017, the startup mostly serves to eliminate intermediaries for mining companies and smelters in an attempt to reduce their prices when trading mineral concentrates.

News from the new consortium come only months following Open Mineral guaranteed $2.5 million in a financing round in Apr, that was stated to be specifically employed for blockchain development, based on a news report from TechCrunch in the time. Smelter picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
report
news
Smelter
strict set of editorial policies

01:15

UK Watchdog Welcomes First Crypto Startups to Regulatory Sandbox CoinDesk

The U.K.'s financial regulator is allowing startups focused on blockchain and crypto assets into its regulatory sandbox for the first time.

01:00

VeChainThor Mobile Wallet Released Ahead of Mid-July Token Swap NewsBTC

The VeChainThor wallet has been released on July 9 and the X Node Binding Service is now available. When this service ends around mid-July, the token swap will begin for VeChain owners.

Chock Full of Features

The VeChainThor wallet has been released on the Apple App Store and the Google Play App Store. This will enable users to start receiving Thor Power (VTHO) tokens for holding their VeChain Tokens (VET) once the migration timeline has finished. The system works similarly to NEO and GAS, where GAS is used to deploy and run smart contracts. VeChain aims to reward businesses who hold VET. VeChain said, in a post:

The VeChainThor Wallet will be the portal to all kinds of dapps on the VeChainThor Blockchain. This wallet will be chock full of features, services, and opportunities that the word wallet may even be limiting.

They argued that the wallet is possibly one of the most secure in the market after having gone through third party audits. This will reassure users after major cryptocurrencies and exchanges have been hit by security flaws in recent weeks. VeChain also confirmed that their mainnet has undergone security testing from multiple world class cybersecurity firms and developers.

VeChain tweeted: ...

00:50

Stop Looking for the Next Bitcoin Bitcoin News

Stop Looking for the Next Bitcoin

Did you hear about the next bitcoin? Theres this little-known cryptocurrency that experts are tipping to be bigger than bitcoin. This is your chance to get in on the ground floor and join the next great wealth creation event. You might have missed bitcoin and ethereum, but you havent missed the boat, because the next bitcoin is right here. But quick! Youll need to get in fast before the masses find out.

Also read: Kumamoto Electric Company and OZ Mining Corporation to Start Mining in Southern Japan

X is the New Bitcoin

Depending on what publications you read, and how desperate they are for hits, you might have read that any one of the following is set to be the next bitcoin: EOS, Verge, Zcash, and NEO. Today it was Stellar. Next week it will probably be IOTA or Tron or some other shitcoin. In Forbes, Ripple is the next bitcoin every single day of the year. The site has a peculiar obsession with the notion that XRP could take bitcoins throne, leading the more conspiratorially minded to muse whether Forbes could have been a benefactor of Ripples bottomless warchest.

...

00:42

Bitcoin Still in a Good Position After 70% Fall: Binance CEO Changpeng Zhao News CCN

Changpeng Zhao (CZ), the founder and CEO at the worlds biggest crypto exchange Binance, has said that bitcoin is still in a positive position after its 70 percent fall since early 2018, especially considering its strong rally throughout 2017. Crypto Market is Better in Every Way From January to December of 2017, the price of Continued

The post Bitcoin Still in a Good Position After 70% Fall: Binance CEO Changpeng Zhao appeared first on CCN

00:25

Platform for Enterprise Blockchain Adoption Nets $45 Mln From A16ZCrypto, Binance Cointelegraph.com News

California-based blockchain-adoption startup Oasis Labs completes major funding round from Binance, Pantera Capital and others

00:15

Metals Exchange Forms Blockchain Group to Modernize Minerals Industry CoinDesk

A Switzerland-based trading platform for metal concentrates is forming a blockchain consortium to streamline mineral industry supply chains.

Monday, 09 July

23:42

How Bitcoin Giant Bitmain Became the Biggest Crypto Company Ever News CCN

Bitmain, the biggest bitcoin mining equipment manufacturer, has closed its Series B funding round to secure a valuation of over $12 billion, officially becoming the largest conglomerate in the history of bitcoin and crypto. A Conglomerate Coinbase, Binance, and Ripple Labs are some of the multi-billion dollar corporations in the global cryptocurrency industry that have Continued

The post How Bitcoin Giant Bitmain Became the Biggest Crypto Company Ever appeared first on CCN

23:30

IOTA Ready to be Tested in EU Funded Smart City Project NewsBTC

+CityxChange is set to put the IOTA (MIOTA) Tangle technology to the test again in a multi-point, smart city project that has just received the green light and funding from the European Union.

Greenlit and Funded

Following the successful partnership with Taipei to create the first ever blockchain based smart city project, IOTA with +CityxChange will take on this much more expansive challenge over the next five years. Working with the cities of Trondheim, Limerick, Alba Iulia, Pisek, Sestao, Smolyan and Voru to become smart, positive energy cities, with the goal of using digital services to generate more energy than they consume and to share their experiences with cities all across Europe.

IOTA, as part of this visionary project, has another opportunity for the network to prove its utility in a real-world situation, before a massive audience. The platform will play a critical role in the +cityxChange project by offering decision making support and providing the tools participants require to be successful. The final result is hoped to be a positive energy block that reduces energy use and wastage using peer to peer energy trades through a flexible local depository.

As this is a community-based project +cityxChange is looking for a top-down change in energy use behavior from local authorities. According to the Head of Business Development at IOTA, Wilfred Pimenta:

Smart cities is one of the fastest growing cross-sectorial arenas of innovation for IOTA. Building on our work and partnerships across mobility, energy or data marketplace, these smart city ecosystems bring it all together. The +CityxChange consortium gathers many public and private partners around an ambitious open innovation and co-creation initiative. This is 100% aligned to IOTA Foundations DNA and we cant wait to get started.

The project is expected to get started in on January 1, 2019. The entire project is to be funded jointly with 20 million Euros coming from the European Research and Innovation program, Horizon 2020. This will be matched with 10 million Euros from some of the project partners which will go to ensuring implementation in the first two project cities of Limerick and Trondheim.

Success Could Mean Euro-Wide adoption

The successful undertaking of a project this size could make or break the IOTA platform. Success may lead to mass adoption of the platform by bu...

23:29

Blockchain Platform for Creating Large Consumer Applications Aims at Exchange NewsBTC

New blockchain project Constellation Labs for consumer grade applications development announced the listing of its DAG token on KuCoin exchange, following the recent launch of their developer community Orion. Orion has an award system for participants and will be used for the testnet at the beginning of August.

The main feature of Constellation is that its network is proportional to user adoption. That is to say, its throughput is about 4000 to 4800 transactions per second (tps) with a 1200 node cluster. In comparison, the Bitcoin network has an average capacity of fewer than 4 tps, and Ethereum is about 15 tps.

This is achieved through harnessing dynamically partitioned consensus that allows the network to scale the number of tps. Reputation-based incentives eliminate transaction fees between users. Constellation uses Proof-of-Meme (PoM) protocol, letting individuals directly contribute to the improvement and monitoring of the chain by utilizing computing power from their own smart devices. PoM rewards those who improve a nodes overall reputation within the system.

The Constellation protocol aims to solve the primary challenge of scalability in the blockchain, providing a solution that is highly resource-efficient and exponentially scalable, said Constellation CTO Wyatt Meldman-Floch.

Constellation deploys smart contracts as microservices so that services can be chained and composed into distributed applications. Microservices is an approach to application development in which a large application is built as a suite of modular services. Each module supports a specific business goal and uses a simple, well-defined interface to communicate with other sets of services. Microservices are concurrent processes, unlike smart contracts which must be in every node.

Community platform to help network development

Constellation launched their portal Orion on June 18th, calling it a flagship product. The purpose of Orion is to induce the developer community around the project federating all of Constellations information and content in one central hub. Orion will...

23:17

Worlds Largest Bank Eyes Faster Asset Exchange With Blockchain

The Industrial and Commercial Bank of China, one of Chinas Big Four state owned commercial banks and among the worlds largest by total asset, is seeking to patent a blockchain system for the exchange of monetary assets. Based on a patent application filed with the bank in January and shown on Friday, the system envisions a platform where participating institutions can function as nodes to create a dispersed network. When an individual from one institution starts a transaction request, it triggers a wise contract causing each node to validate the transaction based on the information supplied, including the balance of the senders account, the name and the transaction amount.

A transaction will be considered complete when the network has obtained sufficient validation from participating nodes such as consensus over a pre determined threshold. The target of the concept, based on the document, is to eliminate intermediaries from existing system and increase the liquidity of financial assets. The ICBC said in the filing that the study originated because the existing system is slow and pricey when sending interbank or cross border transactions for both regular obligations and monetary instruments, like precious metals and futures. The document states: The traditional transaction chain thats constructed around a centered credibility system incurs issues such as the high price, low efficiency, low stability, along with inflexibility.

This hastens the banks launch-to marketplace process to meet the rapidly growing demand for advanced financial products. The patent application marks the banks latest filing linked to blockchain technology, in accordance with the China State Intellectual Property Office. As previously reported by CoinDesk, the bank is also seeking to patent a blockchain system that may confirm user info over a distributed network. Based on the information report from the South China Morning Post, ICBC took over Well Fargo to become the largest bank in the world by total assets as of January 2017. The institution held 24.9 trillion yuan in assets as of the end of 2017, as an its latest financial report.

See the Full Patent Application below: ICBC patent by CoinDesk on Scribd. ICBC picture via Adrian Grycuk/Wikimedia Commons. 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
reported
news...

23:05

First Universal Wallet Supports EOS Mainnet and Offers Free Account Name Registration Cointelegraph.com News

The worlds first multi-asset, universal wallet has begun supporting the EOS mainnet that will address weaknesses seen in other blockchain-based systems such as scalability and transaction speeds. The company is offering free registration of EOS account names #SPONSORED

23:00

Block.One Is Taking a Bigger Role With EOS (And That's a Big Deal) CoinDesk

When the company that created EOS starts voting for validators, there will be little chance of winning a spot without earning its support.

22:53

Indian Crypto Exchanges Forge Ahead With Solutions to RBI Ban Bitcoin News

Indian Crypto Exchanges Forge Ahead With Solutions to RBI Ban

Indian cryptocurrency exchanges are forging ahead with their solutions to the crypto banking ban imposed by the countrys central bank. A growing number of exchanges have stopped fiat support as they ramp up peer-to-peer and crypto-to-crypto trading.

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

RBI Ban in Effect

Indian Crypto Exchanges Forge Ahead With Solutions to RBI BanThe crypto banking ban by the Reserve Bank of India (RBI) went into effect at the end of last week. The central bank issued a circular three months ago, banning all financial institutions under its control from providing services to companies dealing in cryptocurrencies. The industry was hopeful that the Supreme Court would grant a stay on the ban on July 3 but the court did not and the RBI ban subsequently we...

22:32

Bitcoin Price Remains Above $6,700 as Crypto Market Stabilizes; Another Fall Inevitable? News CCN

The bitcoin price has remained above the $6,700 mark over the past 24 hours, as major digital assets like ether, Ripple (XRP), and Bitcoin Cash (BCH) demonstrated stability. Is Another Fall to Low $6,000 Inevitable? Previous reports of CCN noted that bitcoin and the rest of the cryptocurrency market will likely experience a movement to

The post Bitcoin Price Remains Above $6,700 as Crypto Market Stabilizes; Another Fall Inevitable? appeared first on CCN

22:04

Tokenizing Trading Fees With Mining Mechanism Is It Good or Bad for Exchange Platform Users? NewsBTC

ABCC is another exchange trying to reward users with AT and ToM. Today we are going to discover how bitcoin-like mechanism and a principle of fixed number of tokens generated via half-life cycle with Simultaneous Release differentiate the new approach from others

While some want to lower the exchange fee, the others reward traders. Recently a new method was adopted by the ABCC trading platform. They are using ToM mechanism to provide users with bonuses. AT (ABCC Token) Mining rules have been discussed extensively even before the official AT issuance on July 9, because the growing trading amount of the platform promises an interesting future for AT. Today we are discovering new concerns and new opportunities, evolving with the new cryptocurrency.

What is ToM?

The interesting thing about ABCC token is its issuance. The company is implementing Trade-to-Mine (ToM) mechanism. Users mine AT tokens via trading activities, while each block releases a fixed amount of AT every 6-hours. 50% of them will be provided to the active traders (40%) and old platform users (10%). The rest will be issued simultaneously to investors, the team and the platform itself. It means, the more you trade, the more you mine. The stats are collected and published every chain block issuance every 6 hours. So, the entire community is watching the AT distribution process.

Same but different

If we look back, we will observe some more incentives for ToM-related projects. But ABCCs approach is quite different. First of all, AT will be generated in a Bitcoin-like mode to cap the natural inflation. So, every half-life period of 120 days, the number of tokens issued will be halved. It means that the total number of AT will never exceed 210 million. In the first cycle, 350k ATs will be issued every day, in the second cycle th...

22:00

World's Largest Bank Eyes Faster Asset Exchange With Blockchain CoinDesk

ICBC, one of China's "Big Four" state-owned commercial banks, is seeking to patent a blockchain system to better execute financial asset transactions.

22:00

Google Co-founder Sergey Brin Reveals he is Mining Ethereum NewsBTC

Co-founder of Google and President of Alphabet, Sergey Brin, revealed he is mining Ethereum with his son at a summit hosted by Sir Richard Branson on July 8. The panel also spoke on the potential of zero-knowledge proofs which underlie the privacy option of Zcash.

Blockchain is a Tremendous Opportunity

Sergey Brin, who has an estimated net worth of $52 billion, is mining Ethereum with his son according to Michael del Castillo who was reporting from the 2018 Blockchain Summit hosted at Sir Richard Bransons hotel, the Kasbah Tamadot, in Morroco. Brin, who is the ninth richest man on the planet, spoke at an event on the potential of blockchain technology for doing good in the world.

Also speaking at the event was Former Guns n Roses drummer Matt Sorum who highlighted the ability of blockchain to defend artists intellectual property rights. Sorum, who now works at concert-hosting platform Artbit, said that blockchain technology feels rebellious and very rock and roll.

21:33

Philippine Central Bank Approves Two New Cryptocurrency Exchanges News CCN

The Bangko Sentral ng Pilipinas (BSP) has approved the accreditation of two new virtual currency exchanges, bringing the total number of regulated crypto exchanges in the country to five. In a statement released by Deputy Governor Chuchi G. Fonacier, the BSP announced that it has granted operating approval to Virtual Currency Philippines, Inc. and ETranss to

The post Philippine Central Bank Approves Two New Cryptocurrency Exchanges appeared first on CCN

21:18

A16z Leads $45 Million Raise for Blockchain Startup Oasis Labs

Cloud computing startup Oasis Labs successfully increased $45 million at a private token pre sale to develop a more block chain, aimed to rival Amazon Web Services. The sale, headed by Andreessen Horowitzs new a16z crypto fund, watched Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co creator Fred Ehrsam all contribute, based on a press release. Most importantly, this was a16zs first investment, Oasis Chief executive officer Dawn Song told CoinDesk. The startup is now focusing on developing its core features, Song said, that will be deployed on the companys private test network planned in be publicly accessible soon. .

It is the startups blockchain itself that could be garnering all the investor attention. According to the Song, its architecture makes it possible for transactions to be verified with much less duplication while providing the exact same amount of integrity and security guarantees. She added: In our experiments we see performance orders of magnitude higher than Ethereum. This architecture also supports much more computationally intensive jobs such as machine learning and AI, which arent possible with todays blockchain technology . Safety and privacy built in each layer of the network she continued.

Consequently, the blockchain is constructed top-to bottom with these two features in mind, making sure that transactions can be verified without the nodes seeing sensitive information and smart contracts wont leak private information. The software built upon the network will even differ from those currently being developed to existing platforms, Song clarified. For instance, our machine learning framework empowers smart contract developers to conduct training and inference directly into a smart contract, while maintaining privacy of information. . Our platform can also be Backward compatible with Ethereum, making the transition easy for any developer thats already comfortable with the existing instruments, it said.

U.S. Dollars 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
a16z crypto fund
U.S. dollars
strict set of editorial policies

21:16

Bitcoin Price Constrained Below Key Resistance at $6,800

Bitcoin rally has stalled near an integral resistance range and also a small pullback could recharge the motor to get a much awaited move toward the $7, 000 mark. At the press time, the premiere cryptocurrency is planned at $6, 710 on Bitfinex, having clocked an 18 day high of $6, 839 over the weekend also is showing signs of bullish exhaustion near the resistance assortment of $6, 750 to $7, 910. For example, BTC has failed thrice in the last 7 days to hold on to profits above $6, 754, thats the 23.6 percent Fibonacci retirement from the sell from $9, 990 to $5, 755.

Further, BTC has failed to close over the stiff opposition at $6, 800 in the last two days. What is more, BTC will probably encounter resistance at $6, 850. And last, but not the least, the 50 day moving average resistance is lined up in $6, 907. Therefore, the place between $6, 750 to $6, 910 is packaged with crucial resistance levels and the symptoms of exhaustion near the resistance zone have left the doors open to get a minor withdrawal in the BTC rates.

Nevertheless, the pullback could help BTC construct steam for a strong movement to $7, 000 since the specialized studies are biased towards the bulls, as seen in the graph below. Daily graph. The bullish falling channel breakout along with the bullish cross between 5 days and 10 days MA signify that the tide has turned in favor of the bulls for short term. The relative strength index has moved over 50.00, confirming that a short term bearish-to bullish trend shift. View. The brief term bullish outlook remains and BTC seems set to test $7, 000 undamaged and BTC seems ready to test $7, 000.

A small pullback to ascending a strong move towards $7, 000 and motor to get a strong move towards $7, 000 and over. Therefore, watch out for a rally the 10 day MA of $6, 570 would abort the brief term bullish view. Only a daily close beneath leader in blockchain news, CoinDesk is a media outlet that strives for. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
stiff resistance
strict set of editorial policies

21:00

Chinas Central Bank Hails Crypto Ban a Huge Success NewsBTC

The Central Bank of China is calling the countrys crypto ban a huge success as recent data shows that the Chinese Yuan is currently being used in less than 1% of crypto-trades.

Chinese Crypto Ban Huge Success

The Chinese crypto market once dominated the space, accounting for 90% of all global trades according to a report in atimes.com. That was before Bitcoin led cryptocurrency on an unprecedented bull run in the latter part of 2017 which spread fear throughout the banking world and resulted in a tightening of regulations over the space in most countries.

China outlawed initial coin offerings (ICO), a popular fundraising method for crypto companies, in September of 2017 while cracking down on crypto trading, supposedly to combat scams. Since then officials have shuttered 88 cryptocurrency exchange platforms and shut down 85 ICOs.

Zhang Yifeng, a blockchain analyst at the Zhongchao Credit Card Industry Development Company said of the new data:

The timely moves by regulators have effectively fended off the impact of sharp ups and downs in virtual currency prices and led the global regulatory trend,

Despite the success of the ICO ban, China is heavily invested in blockchain technology projects. It may lead the world in crypto mining and has been working on a national cryptocurrency that would be issued through the Peoples Bank of China. Officials from the PBoC and regulatory bodies in the government have made pledges to support global regulatory frameworks if they are ever created.

Interested in Global Regulatory Framework

In March the PBoC through its Institute of International Finance released their Global Banking Industry Outlook Report in which they outlined a policy of supporting global financial regulation. As quoted from that report China should actively participate in the global governance of digital currencies.

While the Chinese government may be calling their crypto regulation a great success it was also the main factor in a massive exodus of crypto exchanges and other related business, along with investors, out of the country.

Binance, one of the worlds largest cryptocurrency exchanges, began in Hong Kong but fearing regulatory interference after China implemented its 2017 ban moved first to Japan and more recently to Malta which has become a safe haven for crypto-based companies.

The loss of revenue created by the ban doesnt seem to bother...

21:00

Bitcoin Price Rally Stalls Below Key Resistance at $6,800 CoinDesk

BTC is showing signs of exhaustion near a key resistance zone, still, the short-term outlook remains bullish.

20:40

The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business Bitcoin News

The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for Business

In todays edition of Bitcoin in Brief we cover how Bitmains valuation reached $12 billion, the opening of a new US-based crypto exchange, and Binances decision to donate $1 million to flood victims in Japan. Additionally, we explore what parts of the current crypto ecosystem Vitalik Buterin hates.

Also Read: Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

Bitmain Valued at $12 Billion

The Daily: Bitmain Valued at $12 Billion, New US Crypto Exchange Opens for BusinessBitmain Technologies Ltd., the Beijing-headquartered bitcoin mining machines (ASIC chips) producer, has raised up to $400 million in its latest fundraising round, valuing the company at $12 billion, Chinese media outlet Caixin has reported. The companys B round of fundraising was led by the venture capital firm headquartered in Menlo Park, California...

20:21

Australias Tax Agency Will Target Cryptocurrency Investors Trading Beyond Borders News CCN

The Australian Tax Office (ATO) will chase citizens hiding their cryptocurrency trading gains offshore to remind them of their tax obligations using data sharing agreements with other nations. Australias tax authority will use advanced data-matching techniques through existing data sharing agreements with other nations to target crypto investors trading on offshore exchanges at a time

The post Australias Tax Agency Will Target Cryptocurrency Investors Trading Beyond Borders appeared first on CCN

20:00

A16z Leads $45 Million Raise for Blockchain Startup Oasis Labs CoinDesk

Cloud computing startup Oasis Labs has raised $45 million in a private token pre-sale to develop its blockchain platform.

20:00

Shatner Sets Phasers to Kill for Twitter Ethereum Scammers NewsBTC

Legendary actor William Shatner who is beloved around the world for his portrayal of Captain James T. Kirk on the original Star Trek series has been righting some wrongs of his own in the crypto universe as he called out a pump and dump scheme using his name on a fake twitter account.

Shatners Not Giving Away Ether

Shatner called out the fake tweet, which used his profile photo and name with just an S added to the end, that was hyping an Ethereum giveaway scam. The fake tweet promoted a website called etherpromotion.org which promised visitors who sent them between 0.5 and 20 Ether in order to confirm their addresses would receive ten times the amount back.

The scammer had been tweeting on the fake Shatner account since late June but had only managed to gain six followers. At the time of writing both the twitter account and website have been suspended.

Though Shatners description of the scam may have been a bit off, his followers responded with the kind of devotion that hardcore Trekkies are known for. This isnt Shatners first brush with the crypto world as the 87-year-old actor recently become the spokesman for a Canadian alternative energy company called Solar Alliance which is building what they describe as the first solar-powered cryptocurrency mining facility.

When speaking of the project Shatner described his understanding (or lack of) blockchain technology and Bitcoin in a very Kirkian way saying:

You have to blank your mind and say What is blockchain, again? How does mining operate, again? The concepts are really strange, and yet when you begin to grasp it, it makes sense.

Crypto Scammers May Take $3 Billion in 2018

Scammers using fake celebrity twitter accounts to promote crypto schemes is a widespread problem as the imposters specifically chose names with known links to the crypto market. Big names that have been used for similar schemes in the past include Bitcoin...

19:59

Czech Firm Reveals $100 Mln Venture Fund for Israeli Startups With Emphasis on Blockchain Cointelegraph.com News

Israel blockchain startups are target of new $100 mln venture fund from Benson Oak, local media report

19:36

Cryptocurrency Market Update: Weekend Gains Turn into Monday Losses NewsBTC

FOMO Moments

Crypto land is in limbo this Monday morning; few altcoins are gaining, Tezos, Digibyte and Mixin among them.

The weekend momentum has come to a halt on Monday and markets have pulled back a little. Total market capitalization could not break over the $280 billion barrier and has fallen back.

Bitcoin found resistance at $6,800 and has remained just under it at $6,780. The lack of bullish action has pulled most of the other cryptocurrencies back into the red again. Ethereum has pulled back 1.5% in the past 24 hours to trade at $485. Most of the altcoins are in the red at the moment and have lost gains made over the weekend.

EOS currently has the biggest decline in the top ten, falling by 4.5% on the day to $8.60. This puts it back at a similar level to the same time last Monday, trade volume over the past day has remained at around $500 million. Stellar and Monero are showing minor gains of between 1-2% but nothing significant.

In the top twenty VeChain is the biggest loser with a 4.8% fall on the day to $2.48. Just outside it OmiseGO and Ontology have both lost between 5-6% wiping out all gains over the past 48 hours.

Tezos once again has continued to climb and according to Coinmarketcap has gained for the third day in a row, today by 2.8%. Currently trading at $2.21 XTZ is marginally up from $2.13 this time yesterday. A similar gain can be measured against Bitcoin, 3.5% to 32900 satoshis.

To find another altcoin in the green we have to go further down the list to 33rd spot where DigiByte can be found trading 10% higher. DGB is currently at $0.042, up from a low of $0.036 yesterday. Only Mixin and Monaco are showing double digit gains at the time of writing. Bitcoin Diamond is suffering the most with a 24% fall on the day.

Total crypto market capitalization has shrunk by 1.3% on the day to $273 billion. Daily trade volume has fallen from $12 to $11 billion indicating a slowdown in momentum. The next direction is hard to predict as neither bears or bulls are getting the upper hand at the moment.

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Cryptocurrency Market Update: Weekend Gains Turn into Monday Losses appeared first on NewsBTC.

19:17

FINRA Wants to Know All About Member Firms Crypto Activities

A U.S. Self regulatory system for broker dealers is asking member companies to submit a vast selection of details relating to their cryptocurrency focused activities. At a regulatory notice issued on Friday, the Financial Industry Regulatory Authority reported the requested info will supplement its present attempts to determine the extent of its members companies participation in the nascent space. In accordance with the notice, FINRA would like know if the member company has been or will probably be criptocurrency trading, accepting it out of customers, handling a pooled crypto fund, engaging in a token sale, or offering suggestions about any crypto associated topic.

In addition especially, cryptocurrency mining earning rewards for participating as a node at a blockchain to document transactions or some other use of blockchain technologies are areas that FINRA has indicated interests in for its monitoring purposes. The organization went on to state Until July 31, 2019, every firm is invited to keep its Regulatory Coordinator updated in it, or its affiliated persons or affiliates, starts or plans to begin, participating in a brand new sort of action relating to digital assets not previously disclosed. Authorized by the U.S. Congress in the year 2007, FINRA was integrated as a self regulatory organization with the remit to approve and oversee broker dealers in the country.

Even though the new regulatory notice isnt obligatory, it follows FINRAs existing efforts to inspect member firms amid increasing concerns of fraud along with other violations of the securities law involving digital assets, FINRA stated in the notice. Last year, the entire body issued a warning to retail investors to stay cautious following a number of public firms observed spiking stock prices following promised blockchain and cryptocurrency pivots. FINRA picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
issued
warning
FINRA
strict set of editorial policies

19:16

1 Million Computers Hacked to Mine $2 Million-Worth of Cryptos

Cryptocurrency mining malware that infected over a million servers in China, reportedly, earned its creators greater than $2 million within two decades ago based on a local news report on Monday, authorities in Chinas Da Lian town have arrested 20 suspects from a pc technology firm who supposedly accumulated control of the large number of computers to be able gain from illicit cryptocurrency mining. The hackers created and embedded the malware in net browser plug-in that they have developed for various purposes, like improved browsing rate, which have been shown in display advertisements which reached 5 million computers in the nation.

By clicking on the display advertisements and installing the plug ins, over a million computers were subsequently infected, mining a total of 26 million digibyte, decred and siacoin tokens over the duration of 2 years, in accordance with the authorities. The hackers apparently opted to mine minor cryptocurrencies since they do not need such major amounts of computing power, allowing the back end mining procedure to be quieter and less likely to be spotted by victims. The report also suggested hackers have developed a network of over 100 representatives to help propagate the illegal mining applications, like through working relationships with internet cafes.

The news follows an earlier report where another group of hackers was also busted in China for allegedly colluding with local pc maintenance companies to hack into over 100, 000 computers owned by net cafes additionally to mine the siacoin cryptocurrency. Computers image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
news
report
Computers
strict set of editorial policies

19:07

Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says Chinas Central Bank News CCN

The much-publicized and controversial crackdown by Chinas central bank on the countrys domestic cryptocurrency sector has had its desired effect. The Peoples Bank of China (PBoC) the countrys central bank and financial regulator has released data that claims bitcoin trading in Chinas fiat currency, the renminbi (RMB), has dropped below 1 percent of

The post Bitcoin Yuan Trading Below 1% of Global Total after Crackdown, Says Chinas Central Bank appeared first on CCN

19:00

1 Million Computers Hacked to Mine $2 Million-Worth of Cryptos CoinDesk

Hackers reportedly reaped more than $2 million in different cryptocurrencies after spreading malware across computers in China.

18:35

Kumamoto Electric Company and OZ Mining Corporation to Start Mining in Southern Japan Bitcoin News

Kumamoto Electric Company and OZ Mining Corporation to Start Mining in Southern Japan

Kumamoto Electric Power Company and OZ Mining Corporation have announced that they will start operating a crypto mining farm from August, aiming to install 14,000 mining machines and reach 90 million yen profit by March 2020.

Also read: Japans Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Kumamoto Electric Power Company to Offer Cheap Rates

Kumamoto City in the Kumamoto Prefecture are located on the Kyushu island in southern Japan. Kumamoto Electric Power Company is also set on spreading crypto mining factories throughout Japan, according to a statement, making use of the cheapest electricity price in the country, limited to KEPCO (Kansai Electric Power Company) and TEPCO (Tokyo Electric Power Company). Since the liberalization of the electric power market took place in early 2016, there are more and more electric power companies offering lower electric fees. In the Kyushu [Southern] region, I believe Kumamoto Electric Company offers one of the cheapest rates, a salesperson at Kumamoto Electric Company told news.Bitcoin.com.

Japanese Ex-Financiers Started Mining Business in Northern Rural Industrial Zone

A cryptocurrency related startup company run by a group of Japanese men formerly working in the banking industry installed a crypto mining factory with 500 miners in the cou...

18:28

Bitcoin Price Watch: BTC/USD In Steady Uptrend NewsBTC

Key Points

  • Bitcoin price spiked above the $6,800 resistance recently before correcting lower against the US Dollar.
  • There is a short-term bearish trend line in place with resistance at $6,730 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair is likely to move further higher above the $6,750 and $6,800 resistance levels.

Bitcoin price is placed in an uptrend above $6,600 against the US Dollar. BTC/USD may perhaps resume its upside move once the current correction is complete.

Bitcoin Price Analysis

Bitcoin price bounced sharply after forming a base near the $6,500 level against the US Dollar. The BTC/USD pair traded above the $6,600 and $6,700 resistance levels. The upside wave was strong since the price traded to a new monthly high at $6,839. Later, the price started a downside correction and declined below $6,800. There was a break below the 23.6% Fib retracement level of the last wave from the $6,504 low to $6,839 high.

However, the decline found support near the $6,680 level, which was a resistance earlier. Moreover, the 50% Fib retracement level of the last wave from the $6,504 low to $6,839 high also acted as a support. The price is currently consolidating and is well above the $6,600 support and the 100 hourly simple moving average. Should the price decline further, the $6,620 and $6,600 support levels are likely to act as strong resistances. On the upside, an initial resistance is at $6,720. There is also a short-term bearish trend line in place with resistance at $6,730 on the hourly chart of the BTC/USD pair.

Bitcoin Price Analysis BTC USD

Looking at the chart, the price is likely to break the trend line and $6,750 to resume its upside wave. The next resistances are at $6,800, $6,840 and $6,880.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI is flirting with the 50 level.

Major Support Level $6,600

Major Resistance Level $6,800

The post Bitcoin Price Watch...

18:00

FINRA Wants to Know All About Member Firms' Crypto Activities CoinDesk

The U.S. financial self-regulatory body is asking member firms to submit every detail of their existing or future activities in cryptocurrency.

18:00

Cardano Price Analysis: ADA/USD Could Extend Declines NewsBTC

Key Highlights

  • ADA price is trading below the $0.1500 support and is currently in a bearish zone against the US Dollar (tethered).
  • There is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair (data feed via Bittrex).
  • The pair may continue to move down towards the $0.1400 and $0.1380 support levels in the near term.

Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD is likely to retest the $0.1400 support if sellers remain in action.

Cardano Price Analysis

There was a fresh downside move initiated from the $0.1580 high in ADA price against the US Dollar. The ADA/USD pair declined below the $0.1500 support and moved into a bearish zone. An intermediate high was formed at $0.1494 and the price is currently moving lower. It recently broke the $0.1460 support and the 100 hourly simple moving average. Moreover, there was a break below the 50% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high.

It seems like the price may perhaps extend the current decline below the $0.1420 level. An immediate support is around the 76.4% Fib retracement level of the last wave from the $0.1375 low to $0.1494 high. Below this, the $0.1400 support could stop the decline. Finally, if the price declines further, it could revisit the last low of $0.1375. In the short term, an upward move is likely to face resistances near the $0.1450 level and the 100 hourly SMA. Moreover, there is a key bearish trend line formed with resistance at $0.1450 on the hourly chart of the ADA/USD pair.

Cardano Price Analysis ADA USD

The chart indicates that the price looks set for an extended correction. However, the $0.1400 support holds a lot of importance in the short term.

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

Hourly RSI The RSI for ADA/USD is currently well below the 50 level.

Major Support Level $0.1400

Major Resistance Level $0.1460

The post Cardano Price Analysis: ADA/USD Could Extend Declines appeared first on...

17:00

Ripple Price Analysis: Can XRP/USD Bounce Back? NewsBTC

Key Highlights

  • Ripple price declined a few points recently after trading as high as $0.4877 against the US dollar.
  • There is a key bullish trend line forming with support at $0.4680 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair may dips a few more points, but it remains supported above the $0.4650 level.

Ripple price is placed in a bullish zone against the US Dollar and Bitcoin. XRP/USD must break the $0.4800 and $0.4860 resistances to trade further higher.

Ripple Price Support

During the past 2-3 days, there were decent bullish moves above $0.4600 in Ripple price against the US Dollar. The XRP/USD pair traded above the $0.4750 and $0.4800 resistance levels. A high was formed at $0.4877 before the price started a downside move. It declined and broke the 23.6% Fib retracement level of the last wave from the $0.4629 low to $0.4877 high.

Moreover, there was a break below an ascending channel with support at $0.4820 on the hourly chart of the XRP/USD pair. The pair tested the $0.4750 support where buyers appeared. Furthermore, the price tested the 50% Fib retracement level of the last wave from the $0.4629 low to $0.4877 high. At the moment, the price is consolidating losses near the $0.4780 level and the 100 hourly simple moving average. On the downside, there is a key bullish trend line forming with support at $0.4680 on the same chart. Therefore, if the price dips further from the current levels, it could find support near the $0.4700 and $0.4680 levels.

Ripple Price Analysis XRP USD

Looking at the chart, the price is placed in a bullish zone above $0.4700. On the upside, a break above the $0.4800 and $0.4850 resistance levels may perhaps clear the path for more gains.

Looking at the technical indicators:

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

Hourly RSI (Relative Strength Index) The RSI for XRP/USD is currently just above the 40 level.

Major Support Level $0.4700

Major Resistance Level $0.4850

The post Ripple Price Analysis: Can X...

16:47

Bitcoin News Summary July 9, 2018 99 Bitcoins

The post Bitcoin News Summary July 9, 2018 appeared first on 99 Bitcoins.

Espaol Heres what happened this week in Bitcoin in 99 seconds.   Cryptos combined market cap rose over 15% from $233 billion late last week to its current level of $270 billion. Trading volumes on Binance and Houbi exchanges were up by over 100% over the last 10 days, with the volume on South [...]

16:45

Bitcoin vs Altcoins: Which Cryptocurrency Is the Most Usable as Money? Cointelegraph.com News

Bitcoin remains the cryptocurrency most usable as actual money, but other coins are catching up

16:29

FCoin Met With Continued Skepticism: Wash Trading Allegations and ETH Clog NewsBTC

The controversial FCoin exchange came under fire last week as users accused the platform of clogging the Ethereum network. This week is no different, as the exchange has still been met with widespread skepticism.

Ethereum Network Clog Continues 

Last week saw the lambasting of FCoin, as cryptocurrency companies like MyCrypto and ICO Drops brought attention to the exchanges questionable business practices.

According to MyCrypto, a cryptocurrency wallet service, FCoin incentivized its users to deploy thousands of unneeded transactions on to the Ethereum network.

The wallet service issued a series of tweets regarding the issue, writing:

Basically, they want their users to vote for tokens to be listed. Instead of a traditional voting mechanism, they have decided to vote via a cumulative deposit number ranking. Yup you heard that right. One deposit = one vote. Youll never believe what happens next 

This mind-numbingly despicable method of voting caused Ethereum fees to rise by over tenfold, with the average transaction fee moving from 20 cents to a high of $5 dollars on Monday.

As a direct result of the network clog, Binance had to temporarily increase gas prices on ERC-20 and...

16:18

The Common Tactics Used to Hack a Cryptocurrency Exchange News CCN

A lot of amateur cryptocurrency traders and retail investors are starting to lose interest in this booming industry because of the lengthy and painful decline on the market of digital currencies. Few of those who purchased Bitcoin for $20,000 believe they can sell their funds at the same rate, not to mention any chance of

The post The Common Tactics Used to Hack a Cryptocurrency Exchange appeared first on CCN

16:01

Crypto Bounty Hunting Is Becoming a High-Tech Way Out of Poverty CoinDesk

Completing small tasks by "bounty hunting" for cryptocurrency is becoming a lucrative career for users in less advantaged regions of the world.

15:19

Monero (XMR) Price Watch: Another Bullish Channel Bounce? NewsBTC

Monero Price Key Highlights

  • Monero is gaining traction since its bounce off the channel support and is testing the mid-channel area of interest.
  • Applying the Fibonacci extension tool on the latest correction move shows that the 38.2% level lines up with this barrier.
  • Stronger bullish momentum could take it up to the next levels at the top of the channel and beyond.

Monero is gaining traction on its bullish run and looks poised to hit the next upside targets marked by the Fib extension tool.

Technical Indicators Signals

The 100 SMA appears to be crossing below the longer-term 200 SMA to indicate that bullish pressure is fading and sellers might return. Price is still above the moving averages, though, so theres some upside momentum left. The indicators could also hold as dynamic support on a pullback.

RSI is also turning lower to signal a return in selling pressure so Monero price might follow suit. Similarly stochastic is pointing back down to indicate that sellers have the upper hand until the oscillator hits oversold conditions and moves back up.

If buyers return, Monero could hit the next upside barrier at the 50% extension or $145.25. From there the 61.8% extension is located near the $150.00 psychological resistance then the 78.6% level is at the top of the channel or $155.00. Stronger bullish momentum could lead to a move all the way up to the full extension at $161.56.

Market Factors

The mood in the cryptocurrency industry remains mostly positive so far after most altcoins bottomed out at the end of Q1. The previous week also had a positive run, which might be enough to draw more investor interest this time.

Of course this could hinge on whether or not headlines are still free from any negative industry updates pertaining to crackdowns or hacking incidents. Meanwhile, the dollar has the US CPI release to watch out for, although this might not have much weight on XMR/USD price action.

The post Monero (XMR) Price Watch: Another Bullish Channel Bounce? appeared first on NewsBTC.

15:15

Policy Easing, New Crypto Classification in South Korea Bitcoin News

Korean Regulations Update: Policy Easing, New Crypto Classification, Central Bank Report

South Korea has been busy revising its cryptocurrency regulations. The regulators plan to ease the rules on crypto assets in line with G20 policies. While a new crypto classification system has been created, another government agency is conducting an on-site inspection of crypto exchanges following multiple hacks. In addition, the Bank of Korea has released a report with its view on using crypto as a means of payment.

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

Policy Easing

Korean Regulations Update: Policy Easing, New Crypto Classification, Central Bank ReportSouth Korea has been actively revising and updating its regulations for cryptocurrencies. The Korea Times reported last week that the countrys top financial regulator, the Financial Services Commission...

15:00

Ethereum Price Analysis: ETH/USD Approaching Support NewsBTC

Key Highlights

  • ETH price traded above the $490 level before starting a downside correction against the US Dollar.
  • There is a major bullish trend line forming with support at $472 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair is approaching a few key supports like $478, $472 and $470, which are buy zones.

Ethereum price is currently correcting lower against the US Dollar and Bitcoin. ETH/USD is likely to find support near the $472 level in the near term.

Ethereum Price Support

Yesterday, there was a fresh upside move above the $475 level in ETH price against the US Dollar. The ETH/USD pair broke the $490 resistance and traded to a new weekly high at $496. Later, it started a downside correction and declined below the $485 support. There was also a break below the 23.6% Fib retracement level of the last wave from the $462 low to $496 high.

However, the price is approaching many key supports like $478, $472 and $470. There is also a major bullish trend line forming with support at $472 on the hourly chart of ETH/USD. Above the trend line support, the 100 hourly simple moving average is positioned near the $473 level. At the moment, the price is testing the 50% Fib retracement level of the last wave from the $462 low to $496 high. There is a chance of a downside spike before buyers appear near the $472-474 area. Below $472, there is a chance of an extended decline back towards the $460 level in the near term.

Ethereum Price Analysis ETH USD

Looking at the chart, the price remains well supported above the $470 level. On the upside, the price must break the $486 level to trade above $490. Finally, a break above the recent high at $496 is needed for further gains above $500.

Hourly MACD The MACD is placed heavily in the bearish zone.

Hourly RSI The RSI is currently approaching the 40 level.

Major Support Level $472

Major Resistance Level $490

The post Ethereum Price Analysis: ETH/USD Approaching Support appeared first on...

15:00

Bitcoin (BTC) Price Watch: Ascending Channel Below Major Support NewsBTC

Bitcoin Price Key Highlights

  • Bitcoin price has formed higher lows and found resistance at the $6,785 level to create an ascending triangle.
  • Price is testing the patterns resistance, which lines up with the broken long-term support visible on the 4-hour chart.
  • Technical indicators are suggesting that the ceiling could hold for now.

Bitcoin price is testing the top of its ascending triangle pattern, but technical indicators suggest resistance might hold.

Technical Indicators Signals

The 100 SMA is still 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 or that resistance is more likely to hold than to break. With that, bitcoin price might need to revisit the triangle support before attempting another break.

Then again, its worth noting that bitcoin price is already trading above the moving averages, which reflects a pickup in bullish pressure. The gap between the moving averages is narrowing so selling pressure is slowing. A break past the triangle top could lead to a move of around $1,000 or the same height as the chart pattern.

RSI is turning lower to indicate a return in selling pressure, possibly enough to take bitcoin back down for a test of the short-term floor, which is also near the 100 SMA dynamic inflection point. Stochastic is also pointing back down without even hitting overbought conditions, which could also mean that bears are eager to return.

Market Factors

Bitcoin price has had quite a good run in the earlier week, which reflects a pickup in industry optimism. However, it could all hinge on whether or not the mood is sustained this week, likely by a set of positive updates or no negative headlines.

Meanwhile, the dollar could take its cue from the US CPI report and the usual set of trade war updates. A positive performance in stock markets, however, could also draw traders back to traditional markets and away from bitcoin.

The post Bitcoin (BTC) Price Watch: Ascending Channel Below Major Support appeared first on NewsBTC.

14:08

Bitcoin Cash Price Analysis: BCH/USD Correcting Lower NewsBTC

Key Points

  • Bitcoin cash price started a downside correction after trading above the $770 resistance against the US Dollar.
  • There was a break below a short-term declining channel with support at $755 on the hourly chart of the BCH/USD pair (data feed from Kraken).
  • The pair is likely to test an important support around the $730 level in the near term.

Bitcoin cash price failed to break the $780 resistance against the US Dollar. BCH/USD is moving lower, but it could find support near $730-740.

Bitcoin Cash Price Support

There was a decent upside move above the $750 resistance in bitcoin cash price against the US Dollar. The BCH/USD pair even traded above the $770 resistance. However, the pair failed to break the $780 resistance. As a result, there was a downside reaction. It declined below the 38.2% Fib retracement level of the last wave from the $709 low to $780 high.

During the decline, there was a break below a short-term declining channel with support at $755 on the hourly chart of the BCH/USD pair. The pair even cleared the $750 support and is currently testing the 100 hourly simple moving average. An initial support is near the 61.8% Fib retracement level of the last wave from the $709 low to $780 high at $736. The most important support is at $720-730, which was a resistance earlier. Below this, the price will most likely retest the $700 handle.

Bitcoin Cash Price Analysis BCH USD

Looking at the chart, the price could holds losses around the $730 support. On the upside, an initial resistance is near the $750 level. Above this, the next hurdles are at $755 and $770. Finally, the key barrier for more gains is at $780 before the all-important $800.

Looking at the technical indicators:

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

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

Major Support Level $730

Major Resistance Level $755

The post Bitcoin Cash Price Analysis: BCH/US...

14:05

Did the Swiss Reject the Same Idea Behind Cryptocurrency? "IndyWatch Feed World"

 

COMMENT: Mr. Armstrong; As you know, we rejected the proposal to eliminate banks from creating money by lending or the Sovereign Money Initiative. What you did not report is that the very same reasoning behind that movement has been used for the cryptocurrencies. In fact, they were using Bitcoin as proof that their idea should pass. Every Canton here in Switzerland rejected their proposal. I think that is really a vote against the idea of cryptocurrencies.

GWH

ANSWER: Very interesting. I suppose you are not far off base. Cryptocurrency has further to go than gold before it gains the overwhelming majority of support among the people at large to become a safe haven for the average person. They are finding it very difficult to even eliminate paper currency in places like India and Sweden. Not to say that will not happen eventually, but it is not ready in a matter of days, weeks, or months as many have pitched. After 2032, we may be in for such a change, but remember such changes will take place as the power shifts from one generational group to the next. The Supreme Court just finally overruled Korematsu. The current power generation just overruled the previous generation. That is the way of economic evolution. I believe that governments will probably adopt the blockchain technology or a derivative thereof and each country will end up with its own cryptocurrency. But there is a segment of society that will never have a bank account or a laptop. W...

14:00

Filings Link Crypto Exchange Bitstamp to Game Maker Nexon CoinDesk

Public filings released in late May establish the strongest link yet between Bitstamp and Korean gaming firm Nexon.

13:16

Walmart Looks to Blockchain for Better Package Tracking

Wal-Mart has yet another delivery focused blockchain patent at the works. The application published on July 5 is entitled Delivery Reservation Apparatus and Strategy, and as indicated, it outlines a way for handling bundle reservations in the context of the buyer not being accessible to really get it. It is the most recent smart delivery IP play from the retail giant, which in the past year has submitted a series of U.S. Patent applications in this region. Really, the company appears to be looking at the technology as a means to automate portions of the delivery process, however to date, much of the organizations public facing work with blockchain has been focused on food supply chain monitoring.

At the recently released submitting, Wal-Mart detail system of delivery lockers situated in an individuals house, transport hub or other location which can protect the delivered things until their recipients may come and really sign for them. Blockchain fits to the imagined picture as a procedure of connecting those lockers so as to monitor which ones are inhabited and which ones are free to be utilized. Each space on the docking station has a corresponding capability unit for every location on the docking station. The transactions for the capacity units are tracked at a ledger, with accessible capacity units signaling an open location on the docking station or contracted capacity units suggesting that either the location has an or that this place is reserved for future delivery, Wal-Mart wrote, going on to add: In certain embodiments, the docking stations use a blockchain reservation system.

As such, every docking station may be a node inside a blockchain network. . The application makes frequent reference to some public ledger, suggesting that the suggested system will be publicly accessible to some extent as opposed to closed off to specific participants. That leger, in accordance with the filing, contains a record of accessible and reserved potential units for the plurality of docking stations. . This perhaps suggests that Wal-Mart would not necessarily be the only operator of those docking stations, and perhaps is geared toward enabling a level of involvement by outside parties. Picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Sources:
coindesk.com
automate
the delivery process
...

13:15

German Bank Offers Special Accounts to Cryptocurrency Firms Bitcoin News

German Bank Offers Special Accounts to Cryptocurrency Firms

The Berlin-based Banking-as-a-Platform (BaaP) institution Solarisbank has recently announced the launch of their new banking service plan thats focused on clients from the blockchain and digital currency industry. The newly featured resource called the Blockchain Factory, will offer financial management services to companies whose business operations deal directly and indirectly with cryptocurrency solutions and blockchain technology.  

Also read: A Look at the Long and Annoying Process of Claiming Bitcoin Forks

This German Bank Plans to Provide Special Bank Accounts for Cryptocurrency and Blockchain Companies

German Bank Offers Special Accounts to Cryptocurrency FirmsOver the past few years as cryptocurrencies have gained in popularity a few companies like exchanges and brokerage services that deal with digital currencies have had issues with their banking providers. Banks and other financial management services have...

12:13

Local Crypto Exchanges are Circumventing Indias New Bitcoin Ban: Heres How News CCN

According to Coindelta co-founder Shubham Yadav, cryptocurrency exchanges in India can no longer process fiat-to-crypto trades and have shifted their business model to crypto-to-crypto trading. Central Banks Ban on Crypto Stands In April, CCN reported that the Reserve Bank of India, the countrys central bank, first imposed its ban on cryptocurrency trading, effectively disallowing local

The post Local Crypto Exchanges are Circumventing Indias New Bitcoin Ban: Heres How appeared first on CCN

12:00

Walmart Looks to Blockchain for Better Package Tracking CoinDesk

A new patent filing finds retail giant Walmart seeking to utilize blockchain technology to solve problems when scheduling deliveries.

11:15

ATO to Target Crypto Traders Using International Data Agreements Bitcoin News

ATO to Target Crypto Traders Using International Data Agreements

Australias financial press is expecting that the Australian Taxation Office (ATO) will take a hard stance on cryptocurrency investors this tax season, with the ATO recently vowing to leverage international data-matching agreements in order to track the taxation obligations of Australian cryptocurrency traders.

Also Read: The Weekly: Coinbase Custody Opens, Malta Adopts Crypto Law, Bittrex Invades Europe

ATO to Leverage International Data-Matching Agreements to Target Crypto Traders

ATO to Target Crypto Traders Using International Data AgreementsThe Australian Tax Office has announced that it will leverage data sharing agreements made between Australia and other nations to determine the tax obligations of Australian cryptocurrency investors.

Were alert to the potential compliance risks that arise from cryptocurrencies but we...

11:12

CIVIL and the future of media? "IndyWatch Feed Economics"

David Siegel emails me:

CIVIL is a new start-up from Consensys, whose goal is to change journalism.

The Civil marketplace is built on a protocol that in turn is built on the Ethereum blockchain.

This ecosystem is built around a token-curated registry, using what we call a skin-in-the-game coin, the CVL. This is an application of mechanism design to blockchain-based tokens that can be acquired, exchanged, and go up in value, creating a new micro-economy for in this case truthy journalism. The basic unit of Civil is a newsroom. A new...

...

10:04

Bitcoin (BTC) Technical Analysis: Its an IPO for Bitmain and a blow for Bitcoin NewsBTC

Finally, there is a pump of demand as far as Bitcoin (BTC) price action goes. Bitcoin is trading above $6,500 and odds are we might see further gains this week after week ending July 8 bullish confirmation and push above $6,000. In any case, technical formations point higher but what would spur demand are fundamental events so we shall watch out for those too.

From the News

There is good news and a nice problem for Bitcoin legacy network. That of capacity resulting from too much demand for their blockchain-and that was expected. Of course, being the most valuable network in the globe, Bitcoin draws attention. Besides, the fact that it is super-secure means people have confidence in it thats why it is draws an average of 200k transactions a day. Thats on top of those of Lightning Network which despite being on beta still has a capacity of around 40 BTC.

People know Classic Recreations for their openness and how they went that extra length to ensure that everyone desirous of a customized car gets one during the extra-ordinary crypto rally of late 2017. Now, Stephen James BMW group, a BMW car dealership shop in the UK is following suit. In a new announcement, they dealership said Bitcoin owners can visit any of their dealership and wire to the official company address their Bitcoin.

It would be easy as that and because they work with BitPay, there wont be much paper work. Of course, from a neutrals perspective, this is what Bitcoin is meant for. A cheap peer to peer method of electronic payment that can significantly improves convenience.

10:02

Litecoin, EOS, Stellar Lumens, Tron, IOTA Technical Analysis: EOS Plateaus to Tame Expensive RAM Prices? NewsBTC

Weekends price action was a short in the arm for Bitcoin, IOTA and a host of other coins under our focus. EOS is also stable despite claims of block producer crash by EOS New York. On the other hand, Tron implements their incentivization plan which is overly good for network development.

EOS Technical Analysis

From accusations of two percent of coin holders owning more than 90 percent of all EOS coins in circulation, RAM speculation, EOS centralization calls due to their emphasis on scalability and speed and now claims that some Block Producers actually crashed when their network RAM capacity exceeded one GB is just ridiculous.

Claims that some BPs crashed came directly from EOS New York one of the leading BP with authority on the site. At the moment, we cannot pin point which BPs did crash but what we know is was due to their node configuration failure or that they only had 1 GB of RAM. At current spot price, 1 MB of RAM costs $873.

Regardless, EOS is still pretty stable and continues to move within a one percent trade range inside July 2 high low. With this, it also means our trade plan is still intact and neutral. All we need is a push above $9 as laid out in our previous trade plan for EOS buys to dominate or drives below $7 if sellers are to be on top.

Litecoin (LTC) Technical Analysis

Litecoin (LTC) Technical Analysis

...

09:15

Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims Bitcoin News

Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect Victims

Youtube has been dragged into a class action lawsuit against Bitconnect for failure to protect its users from being exposed to the scams videos. This case might be used by Google and others to justify their bans on crypto ads, arguing that their algorithms can not distinguish between legitimate projects and frauds.  

Also Read: No Insider Trading, Market Manipulation and Misleading Ads Maltas New Crypto Law

Youtube to Blame for Bitconnect?

Youtube Dragged Into Bitconnect Class Action Lawsuit for Failure to Protect VictimsYoutube has been added as a defendant in a class action lawsuit against Bitconnect recently, evident by publicly available documents filed with the Southern District Court of Florida. According to the lawsuit, the Google-owned video platform failed to protect or warn its users from Bitconnect affiliates promotional material, wh...

07:53

Hodlers Digest, July 1-8: Finland Calls Bitcoin a Fallacy, While EU Warns Against BTC Pessimists Like Robert Shiller Cointelegraph.com News

Malta takes more steps to becoming the blockchain island, IBM signs a $740 mln deal with the Australian govt for blockchain tech, and more in this weeks Hodlers Digest

07:15

Privacy-Centric Bob Wallet Adds Bitcoin Cash Support Bitcoin News

Privacy-Centric 'Bob Wallet' Adds Bitcoin Cash Support

Privacy is important in the cryptocurrency ecosystem to a large number of individuals, and people believe private transactions are needed badly these days in a society watched by the deep state. Because people find privacy to be extremely important, some developers have designed bitcoin mixers and tumblers that help obfuscate cryptocurrency transactions recorded on public blockchains. One specific project in the works called Bob Wallet offers a privacy-centric client that enables users to move BTC and BCH from a public wallet to a private wallet in a secretive fashion.

Also read: US Presidential Candidate Would Pardon Snowden, Ulbricht on First Day

Cryptocurrency Privacy: The Great Cat and Mouse Game Continues With Constant Pursuit

Cryptocurrencies have become very popular and alongside this trend, blockchain surveillance has also increased exponentially, and there are a lot more people snooping around publicized blockchain transactions. Companies like Chainalysis and Elliptic and many more organizations are monitoring public blockchain networks such as Bitcoin Core (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). One developer has created a wallet that aims to help bitcoin transaction fungibility and make it harder for people to trace trans...

06:51

Bank of Korea Says Crypto Investment Poses Insignificant Risk to Local Financial Market Cointelegraph.com News

South Koreas central bank says crypto poses insignificant risks for financial institutions, with domestic banks holding a not really big $1.79 bln in crypto at the end of 2017

06:16

Augur Platform Prepares for Main Network Deployment News CCN

Augur, a peer-to-peer prediction market platform, is all set to launch its main network on July 9th at 11:01 PST. Augur raised $5.5 million in 2015 by offering its token REP in a crowdsale. Augur was one of the earliest ICOs on the Ethereum blockchain and has been under development since. Decentralized Prediction Markets The

The post Augur Platform Prepares for Main Network Deployment appeared first on CCN

06:07

Bitmain Expands Circle of Influence With $50 Million Investment NewsBTC

The worlds largest producer of ASIC mining machines, Bitmain, is expected to invest $50 million into the upcoming IPO of Opera Ltd.

Bitmains Expanding Circle of Influence

Norway-based Opera Ltd., one of the top internet browsers, has just filed for a Nasdaq initial public offering (IPO) last week, in an attempt to raise up to $115 million in financial capital.

For those who are unaware, Operas raison detre is their in-house internet browser, fittingly named the Opera Browser. It offers a similar experience to a variety of browsers but gives access to unique features like a built-in VPN and ad-blocker.

According to Statcounter, Opera currently holds 3.5% of the worlds browser market share. Although this may not sound like an impressive figure, Google and Apple have held an iron grip on the browser industry, with 59% and 14% respectively. In March, Opera noted that its desktop and mobile browser applications have drawn in an average user base of over 300 million users.

These 300 million users have amounted to a public valuation of $115 million, with Bitmain expected to buy approximately 43% of the shares, totaling to a value of $50 million.

It is unclear what exactly the cryptocurrency mining company plans to accomplish with these soon-to-be-acquired shares, but it is speculated that Bitmain is doing this in an attempt to expand and diversify its circle of influence. But after raking in a profit of an approximate $4 billion last year, it would be logical for the company to diversify its holdings, securing footholds in other markets.

Bitmain Leads $110 Million Funding Round For Circle

And Bitmain has done just that, as the mining giant led a $110 Million Circle Financial funding round in May. Circle has become an influential player in the cryptocurrency industry, securing funding from Goldman Sachs and Baidu. Circle recently reported that its premier trading platform facilitates over $2 billion in trades a month, and saw a 30% increase in institutional interest in May alone.

...

05:15

PBoC: Bitcoin Trading in Chinese Currency Drops Below 1% of World Total Bitcoin News

Bitcoin Trading in Chinese Currency Drops Below 1% of World Total

Bitcoin trading in renminbi (RMB) has dropped to less than 1 percent of the global total, the central bank of China announced. The Peoples Republic banned yuan-crypto trade last year, prompting the exodus of hundreds of Chinese crypto businesses, including some of the worlds leading trading platforms.    

Also read: Crypto Exchange Binance Expects up to $1 Billion Profit in 2018

Zero-Risk Exit for 88 Exchanges, the Peoples Bank Says

The trading of Bitcoin with the Chinese national currency, the renminbi (RMB), has fallen to less than 1 percent of the worlds total, the Peoples Bank of China (PBoC) announced this Friday, quoted by Xinhua. At its peak, the RMB/BTC trade reached more than 90 percent of the volume, the state-controlled news agency noted in its report without detailing the data.

In September, 2017, Beijing authorities imposed a ban on the trading of cryptocurrencies like bitcoin with the Chinese yuan, referring to the presumed financial risk associated with the rapidly expanding crypto market. The measure also prohibited Chinese businesses from conducting crowdfunding campaigns through Initial Coin Offerings (ICOs).

...

04:48

Crypto Markets Rally, With Bitcoin Pushing $7K, Ethereum Close to $500 Cointelegraph.com News

Crypto markets see a wave of confidence, with Bitcoin pushing the $7K price point, and Ethereum close to $500

04:16

Interview: David Sapper, CEO of Aussie Crypto Exchange Blockbid News CCN

CCN reported in June that Australian blockchain startup Blockbid pioneered a new risk management and identity verification system that substantially reduces the risk of identity fraud. Using data aggregated from a 1.4 billion-strong identity database held by ThreatMetrix with a LexisNexis database of potentially high risk identities, the service establishes customer identities so as to

The post Interview: David Sapper, CEO of Aussie Crypto Exchange Blockbid appeared first on CCN

04:03

William Shatner Wants you to Know he is not Giving Away ETH News CCN

Cryptocurrency scams are on the rise. In a recent workshop organized by the U.S. Federal Trade Commission dubbed Decrypting Cryptocurrency Scams, it was revealed that consumers lost approximately $542 million in the first two months of this year in crypto-related fraud. By the end of 2018, this figure could hit the $3 billion mark according

The post William Shatner Wants you to Know he is not Giving Away ETH appeared first on CCN

03:15

Five of the Best Blockchain Explorers Bitcoin News

Five of the Best Blockchain Explorers

Blockchain explorers have come a long way since bitcoins early days. In the beginning there were none. Then there were basic ones that allowed users to search for specific wallet addresses or transactions. Fast forward to today and were blessed with a plethora of blockchain explorers that can be used to extract all kinds of data from multiple blockchains including hidden messages, block heights, and rich lists.

Also read: Crypto Exchange Binance Expects up to $1 Billion Profit in 2018

Blockchain Explorers Are the Google of Cryptocurrencies

As giant public databases, blockchains, by their nature, are designed for exploration. Its taken a while though for interfaces to be developed that facilitate such exploration. Cryptocurrency holders have traditionally used blockchain explorers to check on the progress of a transaction theyre sending or receiving, or to check the balance of a particular address, but the use cases for these tools doesnt end there. Feature-rich blockchain explorers serve as the Google of cryptocurrencies, revealing all kinds of previously hidden or hard to access data.

...

02:00

Binance Donates $1 Million to Japanese Flood Victims NewsBTC

Binance, one of the worlds largest cryptocurrency exchanges, is showing its humanitarian side by donating $1 million to the victims in West Japan that were affected by the heavy rains on 7 July 2018. News outlets in the country have reported a death toll surpassing 70 people, with over 40 still missing.

Binance Makes $1 Million Disaster Relief Donation In West Japan

Digital currency operator Binance, founded by Changpeng Zhao in 2017, has announced a major donation for the sake of the victims of this weeks massive flooding and landslides triggered by torrential rains in western Japan. The death count is now at 72 people and over 40 remain missing while rescue operations continue in disaster-hit areas with 54,000 personnel from the police, fire departments, the Self-Defense Forces and the Japan Coast Guard.

Hiroshima, Ehime, and Okayama were the hardest-hit areas, followed by Yamaguchi, Kyoto, Gifu, Shiga, Osaka, Hyogo, Kochi and Fukuoka prefectures.

Binance, which is on its way to record between $500 million and $1 billion profit in 2018 after reporting $300 million in revenue in the first semester, is helping out the ones in need with its disaster relief donation of $1 million. The operator has also called for its cryptocurrency friends and partners to join in the initiative.

To contribute in cryptocurrency, one can make an anonymous donation by sending ETH or ERC20 tokens directly to the Binance donation address, which can be found on the companys announcement. A named donation would require an email sent to donations@binance.com including the name, the amount donated, the address from which you the donation is sent, and the transaction ID.

All outgoing transactions from the Binance donation address will be explained by Binance and used for charity purposes only.

The digital currency exchange, which generates an average of $1.5 billion in daily trade volume, wasnt the first to make charity donations. In late March 2018, San Francisco-based Ripple supported U.S. public schools through DonorsChoose.Org by donating $29 million in XRP. Ripple was able to fund every single classroom project request on the nonprofits website, fulfilling 35,647 requests from 28,210 public school teachers in a total of 16,561 public schools, which is 1 in 6 of all the public schools in America.

According to...

01:56

This German Bank Offers Corporate Bank Accounts to EU Crypto Firms News CCN

Blockchain and cryptocurrency firms long used to being shunned by traditional financial institutions in the European Union can now breathe a sigh of relief. Berlin, Germany-based solarisBank has received the licenses necessary to offer business banking accounts to Blockchain and cryptocurrency firms operating in the European Economic Area. Companies in the space can consequently open

The post This German Bank Offers Corporate Bank Accounts to EU Crypto Firms appeared first on CCN

01:10

New Cashpay Wallet Feature Replaces BCH After Spending Bitcoin News

New Cashpay Wallet Feature Replaces BCH After Spending

Just recently news.Bitcoin.com reported on a new Bitcoin Cash (BCH) centric wallet called Cashpay. The wallet launched last June and allows any user to purchase anything online using BCH. This week the development team has added a new feature called Spend and Replace a wallet function that replaces BCH with a BCH buy order from Coinbase whenever the cryptocurrency is spent.

Also read: A Look at the Long and Annoying Process of Claiming Bitcoin Forks

Cashpay Allows Users to Replace the Bitcoin Cash They Spend

New Cashpay Wallet Feature Replaces BCH After Spending During the first week of June, we reported on a new bitcoin cash wallet application called Cashpay. The mobile app thats available for Android and iOS was launched by the Cryptonize.it team. Cashpay has a few features that other crypto light clients dont provide like the ability to donate to certain charitable causes with bitcoin cash. Further, the wallet allows users to purchase any item online through any merchant us...

00:52

Opinion: Sciences Acute Replicability Issue and the Crypto Antidote News CCN

It may come as a shock to some, but scientific pronouncements arent nearly as trustworthy as they seem. Consider the tale of saturated fat. Until about the middle of the 20th century, the Western world was largely unconcerned about the effects of saturated fat on health. Fatty fish, butter, and eggs were seen as components

The post Opinion: Sciences Acute Replicability Issue and the Crypto Antidote appeared first on CCN

00:42

Blockgeeks Ameer Rosic: Everyone Is Smart Enough to Lose or Make Money in Crypto Cointelegraph.com News

According to Blockgeeks Ameer Rosic, blockchain tech still has a long way to go before it will reach the level of scalability needed for widespread adoption

IndyWatch Crypto Currency Feed Archiver

Go Back:30 Days | 7 Days | 2 Days | 1 Day

IndyWatch Crypto Currency Feed Today.

Go Forward:1 Day | 2 Days | 7 Days | 30 Days

IndyWatch Crypto Currency Feed was generated at Community Resources IndyWatch.

Resource generated at IndyWatch using aliasfeed and rawdog