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.

Monday, 21 May

01:29

Prestigious London College Terminates Ties With IOTA Foundation Due to Legal Threats News CCN

University College London, better known as UCL has officially terminated its ties with the IOTA Foundation as a response to the legal threats made by IOTA foundation against cybersecurity researchers. Patrick McCorry, a security researcher at UCLs Initiative for CryptoCurrencies and Contracts, revealed the official statement from UCL which emphasized researchers should not fall victim Continued

The post Prestigious London College Terminates Ties With IOTA Foundation Due to Legal Threats appeared first on CCN

00:40

Blockchair Feed Reveals Messages Encoded in the BCH, BTC and ETH Blockchains Bitcoin News

Blockchair Feed Reveals Messages Encoded in the BCH, BTC and ETH Blockchains

Blockchain exploration service Blockchair has launched a new analytics tool. Blockchair Feed decodes the messages that are written into the BCH, BTC, and ETH networks. The results can be viewed in a real-time feed comprised of messages that range from the banal to the enigmatic.

Also read: A Brief History of Hidden Messages in the Bitcoin Blockchain

Feast on a Banquet of Messages with Blockchair Feed

Blockchain explorer Blockchair is widely used by the bitcoin cash and core communities for searching for transactions and checking data pertaining to market prices, dominance, and network performance. Its also one of the few blockchain explorers that enables users to search for specific words or phrases hidden in transactions. Its latest tool goes a step further and decodes these messages in realtime as they are published on each of the three blockchains.

...

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

Sunday, 20 May

23:51

Opinion: The Bubble is Not Bitcoin News CCN

Although the market is positive overall, at the time of writing, the sentiment is quite negative. Maybe due to the high expectations over Consensus, which did not create that much demand over bitcoin, at least not as much as it happened during previous years. I understand its your money that is at stake and the Continued

The post Opinion: The Bubble is Not Bitcoin appeared first on CCN

23:00

How a Blockchain Startup Is Going to Free the Cannabis Industry from Banker Control "IndyWatch Feed Nthamerica"

cannabis

While the federal government continues to attempt to suppress the cannabis industry by cutting it off from traditional banking, one company is turning to blockchain technology.

The post How a Blockchain Startup Is Going to Free the Cannabis Industry from Banker Control appeared first on The Free Thought Project.

22:40

This Week in Bitcoin: Smooth Bitcoin Cash Upgrade, BCH and BTC Tax Payments in Florida Bitcoin News

This Week in Bitcoin: Smooth Bitcoin Cash Upgrade, BCH and BTC Tax Payments in Florida

A notable week for Bitcoin Cash (BCH) the network successfully upgraded the blockchain protocol by extending the block size to 32MB. The change will allow a greater number of transactions to be processed with inexpensive and consistent transaction fees. Also, Seminole County in Florida will accept tax payments in both Bitcoin Cash (BCH) and Bitcoin Core (BTC) thanks to a partnership with Bitpay.

Also read: Bitcoin in Brief Saturday: Warren Warned by Billboards, Coinbase Tempted by Banking

Bitcoin Cash Upgrades Blockchain Protocol

The Bitcoin Cash network has smoothly and successfully upgraded the blockchain protocol this Tuesday by extending the block size from 8MB to 32MB. The implementation of the new consensus rules went into effect at block height 530356.

...

22:25

Crypto Utopia: Man-Made Floating Pacific Islands Will Accept Cryptocurrency News CCN

Suffocating under your governments strict business and monetary policies? Head to the seas. To be more precise, create an island of your own that has its own government and uses cryptocurrency as its main tender. The oceans are the solution to a heavily polluted planet and policies that harm business growth. The startups BlueFrontiers and Continued

The post Crypto Utopia: Man-Made Floating Pacific Islands Will Accept Cryptocurrency appeared first on CCN

21:25

Shrimp, Frogs, and Drugs Are Clogging the Ethereum Blockchain Bitcoin News

Shrimps, Frogs, and Drugs Are Clogging the Ethereum Blockchain

Move over Cryptokitties. The ethereum network has a new batch of games to blame for rising gas fees. Over the past week, the viral success of dapps such as Ether Shrimp Farm, Ether Cartel, and Pepe Farm has congested the ethereum blockchain, questioning its readiness for enterprise adoption.

Also read: Cryptocurrency is Property in Russia, Justice Minister Confirms

Ethereum Endures a Plague of Frogs and Shrimp

In the same week that Fedex announced plans to build a logistics tool on the ethereum network, fresh doubts over its readiness for enterprise use have emerged. A clutch of new games, created and nurtured in the depths of 4chan, has raised gas prices and show the fragility of the blockchain in its current state. While not as fatal as Cryptokitties, ethereums first viral onchain game, Ether Shrimp Farm and its spin-off Ether Cartel have still taken their toll on the network.

The former dapp requires users to hatch and sell shrimp in a bid to maximize production before ultimately exchanging eggs for ether. Ether Cartel, meanwhile, takes the same concept and applies it to drug running. The game features a high tech automated market t...

20:41

Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin Relationship News CCN

Lloyd Blankfein, 63, is expected to step down as CEO of Goldman Sachs in December, leaving the banks future uncertain in several ways, including its relationship with bitcoin. The New York Times reported that Blankfein will likely depart following the companys December annual dinner for retired partners. While the bank earlier this month announced plans Continued

The post Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin Relationship appeared first on CCN

19:59

Hacked Crypto Exchange Coincheck Confirms Removal of Four Anonymity-Focused Altcoins Cointelegraph.com News

Japanese crypto exchange Coincheck officially announces it will end trading of four privacy-oriented altcoins XMR, ZEC, DASH, and REP in June

19:18

BlockShow Europe 2018 Blasts a Massive Update, Days Prior to the Event Cointelegraph.com News

A week before the event, BlockShow Europe 2018 reveals a massive update on speakers, agenda, and more

19:14

0x, Zilliqa, Aelf, and Ontology Record 10% Gains as Tokens Outperform Bitcoin News CCN

In yesterdays report, CCN noted that Aelf, the decentralized cloud computing blockchain network developed by a team of Chinese developers, increased by more than 17 percent against bitcoin. Today, on May 20, the price of Aelf increased by another 10 percent, becoming the second best-performing cryptocurrency in the market for two straight days. Trend of Continued

The post 0x, Zilliqa, Aelf, and Ontology Record 10% Gains as Tokens Outperform Bitcoin appeared first on CCN

17:38

More Millennials Use Bitcoin Marketplaces Like Paxful to Invest in Cryptocurrency Market NewsBTC

An increasing number of millennials are utilizing bitcoin marketplaces and peer-to-peer exchanges like Paxful to invest in the cryptocurrency market as a store of value and an alternative payment system to banks.

Millennials Better Suited to Lead Cryptocurrency Adoption

Earlier this year, Columbia University Business School professor Chris Castiglione stated that millennials are better suited to lead the adoption of cryptocurrencies like bitcoin and Ethereum because they are capable of managing the risks associated in transacting with and investing in cryptocurrencies.

I think the crypto market is attractive to millennials because its a space with both a lot of growth and risk. People who are 40+ years of age are likely settled down with a career and family, and less inclined to get into such a quick growth, volatile field. Its been the same way with startup founders over the past 2 decades. Millennials also seem to be much more digitally literate than Gen X or baby boomers, explained Castiglione.

Cryptocurrency wallets and exchanges enable users to send, receive, store, and invest in cryptocurrencies with ease and eliminate the necessity of technical knowledge on blockchain technology and cryptographic systems. As such, by simply entering wallet addresses and maintaining back ups of private keys, it is possible for newcomers to send, receive, and store bitcoin relatively easily.

Bitcoin provides complete financial independence and freedom, as it eliminates the involvement of third party service providers like banks. Even on exchanges and marketplaces like Paxful that are peer-to-peer, users can buy and sell bitcoin without depending on financial institutions.

Consequently, because trusted third party service providers do not exist, careless mistakes such as sending funds to the wrong bitcoin address or account could result in permanent loss of funds and unrecoverable errors. Castiglione stated that to utilize cryptocurrencies, individuals must have some digital literacy and thus, millennials are better suited to adopt cryptocurrencies like bitcoin and Ethereum.

Many of the people starting cryptocurrencies and tokens do seem to be between the ages of around 22-40. But obviously anything is possible, and I could list many exceptions to the rule, Castiglione.

Millennials Core of Crypto

In consideration of the statement of...

16:28

Bitcoin Price Weekly Analysis: BTC/USD Testing Crucial Resistance NewsBTC

Key Points

  • Bitcoin price stayed above the $8,000 support level and recovered against the US Dollar.
  • There is a monster bearish trend line forming with resistance at $8,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair has to move above the trend line and settle above $8,300-8,400 for more gains in the near term.

Bitcoin price is currently testing a major resistance near $8,400 against the US Dollar. BTC/USD could accelerate higher once there is a proper close above $8,400.

Bitcoin Price Upside Barrier

This past week, there were further downsides from well above $8,500 in bitcoin price against the US Dollar. The price moved down and broke the $8,200 support level. There was even a spike below the $8,000 pivot level before a low was formed at $7,940. Later, the price started an upside correction and succeeded in moving above the $8,000 pivot level.

There was also break above the 23.6% Fib retracement level of the last drop from the $8,884 high to $7,940 low. However, there is a crucial barrier on the upside near $8,300-8,400, which is preventing further gains. More importantly, there is a monster bearish trend line forming with resistance at $8,300 on the 4-hours chart of the BTC/USD pair. Furthermore, the 50% Fib retracement level of the last drop from the $8,884 high to $7,940 low is also close to the $8,400 level. Therefore, a break and close above the $8,400 resistance is needed for more gains in BTC. The next resistance above $8,400 sits near the $8,800 pivot level.

Bitcoin Price Weekly Analysis BTC USD

Looking at the chart, the price seems to be approaching a key break above $8,400. If buyers fail to push the price above the mentioned resistance, there could be a downside reaction back towards $8,000.

Looking at the technical indicators:

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

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

Major Support Level $8,000

Major Resistance Level $8,400

The post...

15:55

China Ranks Cryptos: Bitcoin (BTC) Dismal 13 of 28 Bitcoin News

China Ranks Cryptos: Bitcoin Dismal Number 13 of 28

Peoples Republic of China (PRC) was one of the first governments to ban bitcoin, cryptocurrency. Now, the PRC is the first country to come out with official government crypto rankings. Its China Center for Information Industry Development (CCID) used three filters through which coins would be judged: innovation, technology, application. Rather surprisingly to some enthusiasts, bitcoin core (BTC) didnt even crack the top ten, while bitcoin cash (BCH) almost didnt make the list at all.

Also read: Alec Baldwins Lambo Movie Backed by Crypto Tech

China Lists Ethereum as Best in Crypto Class

In what is either widely being referred to as a case of communist schizophrenia or a passive nod to the inevitable financial future, the PRCs CCID released its first set of cryptocurrency rankings. China, of course, outright banned crypto in all its various forms, and the broader market was thought to have plummeted for a time as a result. That it is now publishing coin rankings is confusing to many observers.

CN Ledger, a popular Twitter handle, was the first to expose the rankings to the outside world. Its author, Eric Zhao, explained how most old-school experts havent followed the crypto space long enough to grasp some of the traits of tech and community that cant be found elsewhere.

...

15:28

Ethereum Price Weekly Analysis: ETH/USD Sellers in Check NewsBTC

Key Highlights

  • ETH price is slowly on the rise above the $675 support zone with positive signs against the US Dollar.
  • There is a monster contracting triangle forming with current resistance near $712 on the 4-hours chart of ETH/USD (data feed via Kraken).
  • The pair has to break the triangle resistance and settle above $712 for an upside acceleration.

Ethereum price is slowly moving higher versus the US Dollar and Bitcoin. ETH/USD must clear a huge sell wall near the $712-714 zone for more gains in the near term.

Ethereum Price Resistance

There were mostly downsides in ETH price this past week from the $730 swing high against the US Dollar. The price declined and moved below the $700, $675 and $660 support levels. It even traded close to the $650 level and formed a low at $655.67. Later, it found buyers and started an upside move from $655.67. It moved higher and broke the $675 resistance level.

It also succeeded in moving above the 50% Fib retracement level of the last drop from the $741.41 high to $655.57 low. However, there is a crucial barrier for buyers near the $712-714 zone. More importantly, there is a monster contracting triangle forming with current resistance near $712 on the 4-hours chart of ETH/USD. Furthermore, the current wave struggled near the 76.4% Fib retracement level of the last drop from the $741.41 high to $655.57 low. Therefore, a break above the $712-714 zone is must for further gains in ETH in the near term.

Ethereum Price Weekly Analysis ETH USD

The above chart indicates that the price is approaching a key breakout above $712. If sellers fail to defend the triangle resistance, the price could surge higher and move towards $760. On the downside, the $675 triangle support holds a lot of importance.

4-hours MACD The MACD is slowly moving in the bullish zone.

4-hours RSI The RSI is currently just above the 50 level with ranging signals.

Major Support Level $675

Major Resistance Level $712

The post Ethereum Price Weekly Analysis: ETH/USD Sellers in Check...

14:08

Bitcoin Cash Price Weekly Analysis: BCH/USD Recoveries Remain Limited NewsBTC

Key Points

  • Bitcoin cash price got bid near the $1.130 level and started a recovery against the US Dollar.
  • There is a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair (data feed from Kraken).
  • The pair may continue to rise in the short term, but it is likely to face sellers near $1,320-40.

Bitcoin cash price is showing positive signs above $1,150 against the US Dollar. However, upsides in BCH/USD are likely to be limited by the $1,320 resistance zone.

Bitcoin Cash Price Upside Hurdle

This past week, there was a sharp increase in selling pressure on bitcoin cash price above $1,400 against the US Dollar. The price started a downside move and traded below the $1,350 and $1,280 support levels. There was even a break below the $1,200 pivot level, which opened the doors for more losses. It traded close to the $1,120 support level and a low was formed at $1,131.

Later, the price started an upside correction and moved above the $1,120 resistance. It also moved above the 23.6% Fib retracement level of the last drop from the $1,506 high to $1,131 low. However, there are many barriers on the upside near $1,300. An initial hurdle is near $1,128, which was a support earlier and it may now prevent gains. There is also a crucial bearish trend line forming with resistance near $1,320 on the 4-hours chart of the BCH/USD pair. Moreover, the 50% Fib retracement level of the last drop from the $1,506 high to $1,131 low is positioned near $1,318 to act as a hurdle.

Bitcoin Cash Price Weekly Analysis BCH USD

Looking at the chart, the price may continue to rise in the near term towards $1,300. However, a break above $1,300 and $1,320 wont be easy.

Looking at the technical indicators:

4-hours MACD The MACD for BCH/USD is moving back in the bullish zone.

4-hours RSI (Relative Strength Index) The RSI for BTC/USD is heading towards the 50 level.

Major Support Level $1,150

Major Resistance Level $1,320

The post ...

14:02

Asian Cryptocurrency Trading Roundup: Indian Exchange Listing Lifts Zilliqa NewsBTC

FOMO Moments

While crypto markets are still open on weekends things predictably slow down a little. Activity has been relatively flat over the past two days and no momentum has built in either direction. Fortunately there has been no crash back down to early April levels, but on the flip-side the bulls could not push total market capitalization back over $400 billion either. Bitcoin has wallowed around $8,300 for a few days with no gains or losses on yesterdays levels. Altcoins have been a mixed bunch, some falling further while others have made small gains. Todays coin of the moment is Zilliqa.

Coinmarketcap is currently reporting an 8% gain on ZIL which has pumped and dumped over the past week or so. Trading at $0.146 Zilliqa is up from $0.135 this time yesterday. Over the week however ZIL has lost 15% from $0.174 the same time last Sunday. When a number of exchanges announced listings it pumped to an all-time high of $0.23 on May ten but has fallen back ever since. Against Bitcoin ZIL is up 8.5% on the day to 1785 satoshis from 1650 sats this time yesterday. Over the week though it has declined 14.6% against BTC from 2090 satoshis on Sunday last week.

The only announcements on their feed are about stress testing that is currently taking place on the Zilliqa network. Another exchange listing however is likely to be responsible for the current boost. Indias Unocoin listed ZIL on May 18 which has resulted in solid momentum for this altcoin over the weekend.

14:01

Have Cryptocurrencies Become a Religion? "IndyWatch Feed World"

 

QUESTION: I had a discussion with a former goldbug who is now a crypto-bug. He cant see that governments will not stand idle waiting to be simply put out of business with cryptocurrencies. No matter what you say, I think it has become a religion. There is not one major company who has adopted blockchain currency. No matter what you say, you are just not with it. They resort to name calling which is the typical sign that you are dealing with a religious fanatic. They really think that they can end the creation of money by ending bank lending. When I said do you realize the entire world would collapse, he responded that you can lend Bitcoin. Am I really missing something here? If you replaced all money with Bitcoin and banks started lending that, what is the difference?

LE

ANSWER: They seem to be mixing apples and oranges. The economy in prisons is a fascinating example. Money is outlawed so what first emerged as money in prisons was cigarettes. It did not matter if you smoked or not. The prison economy used cigarettes as money. There were people he knew how to be a tailor. They would fix peoples clothes and you paid in cigarettes. Cigarettes were acceptable BECAUSE he knew he could use them to get something he wanted even if he did not smoke. There were people who were artists and they would make hand-crafted cards for any occasion. There were people who did legal work. Others could repair radios. A whole economic society exists behind bars demonstrating Adam Smiths Invisible Hand. Money is an agreed-upon unit of account/medium of exchange that everyone accepts even if you had no personal; desire to use it.

Then prisons banned cigarettes and the replacement money became a fish  packets of mackerel in federal prison or Ramen Noodles in others. In fact,...

14:00

Bitcoin and United States Dollar coinmill.com Currency Rates

0.00010 BTC = 0.84 USD
1.00 USD = 0.00012 BTC
Converter

13:33

MP Suggests Iran and Russia Use Cryptocurrencies to Combat U.S. Economic Sanctions NewsBTC

An Iranian parliament member has suggested that digital currencies be used in attempts to work around returning economic sanctions from the United States.

Iran and Digital Currencies

The idea was brought forth by MP Mohammad-Reza Pourebrahimi who recently met with Dmitry Mezentsev, the Russian Chair of the Federation Council Committee on Economic Policy, in Moscow.

Pourebrahimi was quoted as saying that digital currencies could provide a way for Iran and Russia to avoid U.S. dollar transactions, and that the coins could even be used as a replacement for the SWIFT inter-bank payment system a protocol used by the majority of financial institutions across the globe to transfer money.

Pourebrahimi also said that the Central Bank of Iran (CBI) had been asked by Parliament to start developing proposals for using digital currencies. Similar to the way that digital currencies can help citizens under oppressive and unstable regimes, they can also help sovereign governments bypass sanctions enforced by foreign powers.

The MP, who chairs the Iranian Parliamentary Commission for Economic Affairs, said he had discussed this topic in the State Dumas Committee on Economic Policy and that Iran had established cooperation with Russia on the issue.

They [Russia] share our opinion. We said that if we manage to move this work forward, then we will be the first countries that use digital currencies in the exchange of goods, he said.

In relation, Russias Mezentsev noted that interbank relations between our countries should be of great importance considering the shared backdrop of international sanctions currently in place against both countries.

Using Digital Currencies to Fight Sanctions

The idea to use digital currencies in international trade emerged in Tehran after the countrys officials complained that the U.S. was terrorizing companies attempting to do business with the Islamic Republic. Because of recent moves by President Trump, Iranians are also seeing European companies restrict trade over fears that they will fall afoul of the sanctions.

In anticipation, Iran started developing a local cryptocurrency in 2017, which was...

12:20

Cryptocurrency is Property in Russia, Justice Minister Confirms Bitcoin News

Cryptocurrency is Property in Russia, Justice Minister Confirms

The Russian Ministry of Justice has taken side in what looks like a lively debate about the status of cryptocurrencies that are still unregulated in the country. A bankruptcy case involving a modest amount of bitcoin has sparked discussions in Russian legal circles. Some say a crypto is nothing more than a set of characters. Others, including the justice minister, are categorical cryptocurrency cant be anything else but property.   

Also read: Cryptocurrencies to be Called Digital Money in Russia, Tokens Digital Rights

Russian Justice Ministry Takes Side in a Legal Argument

Cryptocurrency falls under the legal category of other property, Russias Justice Minister Alexander Konovalov told reporters this week. With two draft laws on the matter still pending in the State Duma, he also noted that digital coins should not be considered electronic money, at least on this stage.

A bankruptcy case involving some bitcoin holdings has recently stirred the Russian legal community, which was challenged to provide a provisional answer to the question about the status of cryptocurrencies. In the absence of firm definitions in the current legislation, this question split Russian legal experts in two camps. On one side are those who think that cryptocurrencies have real value, on the other their colleagues who believe they dont, if the law doesnt explicitly say so.

...

10:20

A Look at the Credit Card Shaped Hardware Device Called Coolwallet Bitcoin News

A Look at the Credit Card Shaped Hardware Device Called 'Coolwallet'

Cryptocurrency enthusiasts take security and storage seriously, and there are a bunch of different hardware solutions out there. One startup has released a different kind of digital asset hardware wallet that is the same size and shape as a credit card. Due to the design of the new Coolwallet S, the wallet can be hidden very easily alongside the option of being carried effortlessly in your back pocket.

Also read: Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking

The Credit Card Size and Shaped Coolwallet S Cryptocurrency Hardware Wallet

Coolbitx is a Taiwanese financial-tech company founded by Michael Ou in 2014 that creates digital asset hardware wallets as well as smart contract development platforms. Back then the wallet creators started an Indiegogo campaign featuring the credit card shaped hardware wallet that allowed the secure storage of bitcoin private keys. During the Indiegogo campaign, the team raised $21,686 USD through 184 backers, 108 percent of their goal. Moreover, the startup Coolbitx is backed by firms such as Bitmain Technologies, SBI Holdings, Kyber Capital, Midana Capital, and more.

...

08:20

Crypto Floating Island Project Closer to Realization Bitcoin News

Crypto Floating Island Project Closer to Realization

Blue Frontiers has signed a much-publicized memorandum of understanding with French Polynesia. The Floating Island Project is exactly as it reads, only its to be an independent government complete with its own cryptocurrency. An idea long thought to be a crazy dream of libertarians is now incredibly close to realization.

Also read: Alec Baldwins Lambo Movie Backed by Crypto Tech

Crypto Floating Island Project Nearer to a Reality

A core structural feature of current models of government is centralization, begins the pitch for an initial coin offering (ICO) pre-sale of Varyon from Blue Frontiers. Too much centralized authority leads to inefficient bureaucracies and representatives disconnected from the people they are meant to serve. Given a suitable technological solution, governments are ripe for decentralization. That technological solution is seasteading.

The book Seasteading: How Floating Nations Will Restore the Environment, Enrich the Poor, Cure the Sick, and Liberate Humanity from Politicians (Free Press, 2017) caused an immediate media sensation. Written by Joe Quirk and Patri Friedman, its the nonfiction account of what seems at the outset to be a sci-fi idea. Dutifully, legacy outlets treated it that way, at times dismissing seasteading as impractical, the stuff of fantasy.

...

08:15

Op-ed: Blockchain and AI Combine to Power Modern Technological Advancement News CCN

Presently, there is an increased pace in the areas of technological development when compared to the progress achieved over the last couple of decades. This exponential increase springs off the dashboard of the internet and the numerous millennial technologies that are being built on top of it. These emerging developments are leading us to a Continued

The post Op-ed: Blockchain and AI Combine to Power Modern Technological Advancement appeared first on CCN

07:00

Future of Cryptocurrency in India Uncertain, Fate to be Decided in Summer NewsBTC

India, one of the largest countries in the world with a population of 1.3 billion potential future users of cryptocurrencies, remains in a legal limbo as cryptocurrency exchanges await more clarity from the Reserve Bank of India (RBI) and the countrys supreme court. Operators have recently been barred by banks, under orders from the central bank, and petitioners are blocked from filing any case against the RBI on the subject of cryptocurrency in any of the other high courts.

Indias Cryptocurrency Ecosystem to Have Fate Sealed in Summer

Cryptocurrency exchanges in the Republic of India have been facing a legal ordeal particularly since early this year. Finance minister Arun Jaitley said in his budget speech in February that the government would do everything in its power to discontinue the use of digital currencies for criminal uses.

The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto assets in financing illegitimate activities or as part of the payments system.

It became unclear, however, whether government authorities and the central bank were in practice prohibiting the sale or purchase of cryptocurrencies. Various sources claimed India truly banned Bitcoin trading, but officially, the RBI decided to end the relationship between its own banks and any cryptocurrency exchange. Not an outright ban, but not crypto-friendly either.

The Reserve Bank of India has added a directive to wind down all existing accounts by the first week of July 2018, which aims to push any operator out of the country. Taking in account a Supreme Court order by chief justice Dipak Misra, the legal route of court appeals against the RBI order is also proving to be a treacherous road.

The petitioners shall be at liberty to submit a representation to the competent authority of RBI within two weeks hence which shall be dealt with in accordance with law.

Given that the next date for the hearing of the case in the apex court is July 20, which is two weeks after the RBI deadline to close down all crypto-related bank accounts, there is a growing wave of exasperation among the cryptocurrency community in India. Kunal Barchha, director at Kali Digital Eco-Systems, took the RBI to court and told Quartz how this is affecting the ecosystem.

The understanding is that this means that the ban will continue, at least for the time being. Businesses are getting affected due to this uncertainty and this phase...

06:45

From JPMorgan to Blockchain Startup: Amber Baldet Unveils Her Latest Project News CCN

Former JPMorgan blockchain lead Amber Baldet unveiled her new startup project, Clovyr, at the Consensus conference in New York on Monday. Baldet left her position at JPMorgan in April to work on Clovyr. She led JPMorgan Blockchain Center of Excellence and helped the firm succeed with open-source initiatives, such as Quorum. In a strange juxtaposition, Continued

The post From JPMorgan to Blockchain Startup: Amber Baldet Unveils Her Latest Project appeared first on CCN

06:15

Japanese Crypto Exchange Continues Global Expansion Now in Five Countries Bitcoin News

Japanese Crypto Exchange Continues Global Expansion - Now in 5 Countries

A Japanese government-approved cryptocurrency exchange has resumed expanding overseas. Already operating in five countries with a plan to launch in more in the near future, the exchange aims to construct a global network of crypto transactions.

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

Building Global Network

Japanese Crypto Exchange Continues Global Expansion - Now in 5 CountriesBitpoint Japan was among the first crypto exchanges to be fully licensed by the Japanese Financial Services Agency (FSA). It is a subsidiary of Remixpoint (3825.T), a listed company on the Tokyo Stock Exchange.

Bitpoint has started a new round of expansion overseas, after entering a few countries last year. The company announced on Thursday that its Malaysian exchange has begun operations.

The Kuala Lumpur-based Bitpoint Malaysia opened its doors on May 17, offering spot trading and leverage trading. The fee for spot trading is 0.5% while leverage trading carries no fee. Deposits and withdrawals in Malaysian Ringgit are free during the grand opening. The exchange wrote:

We offer leverage of 2, 5, 10 and 25 times.

Five cryptocurrencies are supported: BTC, ETH, BCH, LTC, and XRP. Bitpoint Japan says...

05:51

Pacific Island to Establish its Own Government and Cryptocurrency With 300 Households NewsBTC

The government of French Polynesia, an overseas collectivity of France in the South Pacific, is supporting a pilot program aiming to develop an off-shore housing that uses its own currency and operates outside of government regulations. The project is funded by a company called Blue Frontiers, which is planning to launch an initial coin offering dedicated to its cryptocurrency Varyon.

Floating Island Project to Establish Its Own Cryptocurrency

The Floating Island Project has the long-term goal of developing hundreds of new countries floating on the ocean. Behind the project is the Seasteading Institute, a group of marine biologists, nautical engineers, aquaculture farmers, maritime attorneys, medical researchers, security personnel, investors, and environmentalists, who share the same libertarian ideals.

The Seasteading Institute was founded by billionaire cryptocurrency enthusiast Peter Thiel and Patri Friedman, grandson of Nobel Prize-winning economist Milton Friedman. Blue Frontiers is an offshoot of Seasteading which will be launching the token sale of Varyon soon, with the presale already live.

Nathalie Mezza-Garcia, a political scientist and researcher for the Blue Frontiers and Seasteading Institutes Floating Island Project, told CNBC how the project can affect the humanity in the most profound ways, from a freedom perspective to solve migration issues caused by climate change.

Once we can see how this first island works, we will have a proof of concept to plan for islands to house climate refugees, she said. There is significance to this project being trialed in the Polynesian Islands. This is the region where land is resting on coral and will disappear with rising sea levels, the researcher continued.

The pilot island is expected to cost up to $50 million and is scheduled to be completed in 2022. The project is libertarian to the core and freedom from specific governments is the main goal since the beginning, not only for individuals but also for businesses. Mezza-Garcia explained the virtues of building country islands from that perspective.

If you dont want to live under a particular government, people will be able to just take their house and float away to another island. This means there is stability, outside of fluctuating geopolitical influences, trade issues and currency fluctuations its the perfect incubator.

Marshall Islands are about to make a cryptocurrency, SOV, legal tender together with the US dollar. The idea is not...

05:40

Dubious Yet Encouraging Report Supposes Bitcoin Mining Achieved Or Set To Promptly Achieve 0.5% of World Energy Consumption "IndyWatch Feed World"

A number of dubious publications this week floated a "research paper" of unclear origin, methadology, and conclusion. The popularly distilled headline they produced from the report is that Bitcoin has either achived or is set to imminently achieve 0.5% of the world's energy consumption. Naturally pantsuit outlets editorialized this uncertain finding as "a bad thing" though few things are more encouraging.

05:12

Coincheck to Delist Privacy Coins Monero, Zcash, and Dash News CCN

Japanese cryptocurrency exchange Coincheck has will delist trading pairs for privacy-centric cryptocurrencies monero (XMR), zcash (ZEC), and dash (DASH) next month. The Tokyo-based exchange, which was purchased by brokerage firm Monex following a high-profile January hack that saw the platform lose $530 million in NEM tokens (XEM), announced on Friday that it will no longer Continued

The post Coincheck to Delist Privacy Coins Monero, Zcash, and Dash appeared first on CCN

04:05

China Has Found 421 Fake Cryptocurrencies Bitcoin News

China Has Found 421 Fake Cryptocurrencies

A Chinese government-backed industry organization has published a report on fake cryptocurrencies. As of April, its monitoring platform has found 421 fake cryptocurrencies, 60% of which are deployed overseas. The Committee has also outlined major red flags of these cryptocurrencies.

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

421 Fake Cryptocurrencies

China Has Found 421 Fake CryptocurrenciesThe National Committee of Experts on the Internet Financial Security Technology (IFCERT), a Chinese government-backed industry organization, published the results of its analysis on fake cryptocurrencies on Friday.

...

03:46

Zcash Price Jumps Over 50% for the Week Ahead of Gemini Listing News CCN

Zcash, the 21st-largest cryptocurrency with a market cap of more than $1.4 billion, jumped more than 50% this week, according to CoinMarketCap, pushed by the news that the Gemini exchange will list the cryptocurrency next week. The New York Department of Financial Services approved Geminis request to add three ZEC markets ZEC/USD, ZEC/BTC and Continued

The post Zcash Price Jumps Over 50% for the Week Ahead of Gemini Listing appeared first on CCN

03:10

Markets Update: Digital Assets Show Recovery After the Past Three Days of Dips Bitcoin News

Digital asset markets are doing some healing during the past 24-hours of trading after touching some lows the day prior. At the moment the entire cryptocurrency market capitalization of all 1,600+ tokens is around $377Bn with around $16Bn worth of 24-hour trade volume. Bitcoin Core (BTC) markets are up 2.3 percent averaging $8,314 per coin while Bitcoin Cash (BCH) prices are up 1.5 percent at around $1,180 per BCH.

Also read: Stablecoin Trueusd Pumps After Binance Listing

The Week-Long Consensus Pump Never Came to Fruition

The mid-May blockchain week Consensus pump never materialized last week even though there was plenty of positive cryptocurrency news. During the course of the week, most digital assets in the top 500 lost a good portion of gains. This weekend is a different story as a bunch of markets are seeing some recovery from the dips. Bitcoin Cash markets are up 2.3 percent averaging roughly $1,188 per BCH at the time of publication. The decentralized currencys 24-hour trade volume has dropped considerably to $683Mn which doesnt give traders hope for a bigger weekend push. The top five exchanges swapping the most BCH today include Okex, Huobi, Hitbtc, Lbank, and EXX. BTC pairs with BCH has increased significantly as BTC represents 41 percent of todays BCH trades. This is followed by tether (USDT 30%), USD (13%), KRW (11%), and the Euro (1.2%).

...

03:05

Bitcoin Cash Fork Leaves Users Behind, But Does It Matter? CoinDesk

Bitcoin cash recently hard forked and a little less than 20 percent of nodes didn't upgrade. The industry argues over whether that matters or not.

01:57

U.S.: Colorado Proposes Accepting Cryptocurrency for Political Campaigns Cointelegraph.com News

Colorado might allow political candidates to accept cryptocurrencies as campaign contributions

01:57

ICO Scams Have Raised More Than $1 Billion, Report Claims News CCN

By large, cryptocurrency investors, enthusiasts, and observers are aware of the number of shitcoins in circulation. But, Wall Street Journal suggests that the number of fraudulent cryptocurrencies available today could be much more than earlier thought, quoting a figure of over 200 as an estimate. Which Is the Most Legitimate Of Them All? Facing the Continued

The post ICO Scams Have Raised More Than $1 Billion, Report Claims appeared first on CCN

01:05

At Ripple's Snoop Dogg Party, A Search for XRP CoinDesk

So what we get drunk? So what we smoke weed? We're just having fun, something something XRP.

01:00

Wendy McElroy: Decentralization is the Core of Crypto Freedom Bitcoin News

Decentralization is the Core of Crypto Freedom

The Satoshi Revolution: A Revolution of Rising Expectations
Section 3: Decentralization
Chapter 8, Part 2.
Decentralization is the Core of Crypto Freedom

Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, its the only thing that ever has. Always remember that you are absolutely unique. Just like everyone else. Never believe that a few caring people cant change the world. For, indeed, thats all who ever have.

Margaret Mead

Cryptocurrency decentralizes financial power down to the most basic unit of society: the individual. It empowers the average person who now has a viable alternative to corrupt government fiat and central banking systems.

Crypto is profoundly individualistic in other ways. Consider just one.

The revolution of rising expectations. The phrase refers to a situation in which an increase in prosperity and freedom leads people to believe they can improve their lives through their own efforts. The belief makes them demand political changes that allow more prosperity, more freedom. The average person is not a freedom fighter, and their demand for change need not hinge on ideology. They simply want a better life for their children.

The phrase arose after World War II had destabilized the power structure of the world. Former colonies from the Far East to Latin America and Africa threw off imperialism and despotism because average people glimpsed another option to conformity: individual freedom.

The advent of cryptocurrency is destabilizing the financial structure of the world, and it has caused a second revolution of rising expectations. It does not occur on the national level but within the lives of individuals, who can finally control their own finances in privacy and with confidence. This has deep political implications, of course, because independent people are less likely to obey.

And, yet, voices...

00:22

Cryptocurrency Market Rebounds After Poor Week, Ether Gains 5% and Aelf Rises 17% News CCN

The cryptocurrency market has rebounded over the past 24 hours by around $17 billion, from $365 billion to $382 billion. Major cryptocurrencies including bitcoin, Ether and EOS increased in the 3 to 7 percent range, pushing the cryptocurrency market towards the $400 region. Ethereum and Tokens Ether, the native cryptocurrency of the Ethereum blockchain network, Continued

The post Cryptocurrency Market Rebounds After Poor Week, Ether Gains 5% and Aelf Rises 17% appeared first on CCN

Saturday, 19 May

23:20

Coincheck Delists XMR, DASH, ZEC, REP Prompted by Japanese Regulator Bitcoin News

Coincheck Delists XMR, DASH, ZEC, REP - Prompted by Japanese Regulator

Japanese exchange Coincheck has confirmed that it is delisting three privacy coins: monero, dash, and zcash. Augurs reputation token will also be delisted next month. The exchange made this decision after receiving a business improvement order from the countrys financial regulator following the NEM hack.

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

Coincheck Delisting 4 Cryptocurrencies

Coincheck Delists XMR, DASH, ZEC, REP - Prompted by Japanese RegulatorFollowing reports that Coincheck was going to delist monero (XMR), zcash (ZEC), and dash (DASH), the exchange officially confirmed on Friday that those cryptocurrencies will be delisted along with Augurs reputation token (REP).

The four cryptocurrencies will be delisted on June 18, Coincheck emphasized, adding:

The target currencies [XMR, ZEC, DASH, and REP] held on the discontinued date will be sold at the market price and converted into Japanese yen.

The sales proceeds will then be credited to the customers accounts. Before that date, customers can sell or transfer these cryptocurrencies. The e...

23:12

Bitcoin Magazines Week in Review: Blockchains Big Gathering Bitcoin Magazine

Week in Review

This weeks news was dominated by stories out of Blockchain Week and the Consensus 2018 conference held in New York City. There was free beer served from an ID-validating dispenser, Warren Buffet was criticized for his rat poison view of cryptocurrency, and there were plenty of business announcements, including news from eToro, Netki, Bitmain and Circle. Catch up on these stories and more in this weeks Bitcoin Magazine review.

Featured stories by Amy Castor, Colin Harper and  Kyle Torpey

Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.

Fred Wilson Explains Why Warren Buffett Doesnt Get Bitcoin

In his 2018 annual shareholder meeting at Berkshire Hathaway recently, Warren Buffet referred to bitcoin as rat poison. Venture capitalists Fred Wilson and Balaji Srinivasan had a chat with Wall Street Journal reporter Paul Vigna on the mainstage of Consensus 2018. The pair of tech investors pointed out the differences between Buffetts approach to investing and how the crypto asset market works.

Civic Demos Proof of Concept With Beer Vending Machines, Launches ID Codes

Blockchain identity verification platform Civic has emerged from Consensus 2018 with a project that imagines a network of validators and service providers who work together to verify individual identities. Conceptually, new users would put identity information on a smart contract that would get validated with references on the blockchain that attest to its validity. Then service providers can request to validate said information, which would streamline ID checks and help prevent against fraud.

Civic showed a working proof of concept using their Civic app. Anyone verified on the platform can scan a QR code to prove that theyre of legal drinking age. In a partnership with Anheuser-Busch, Civic unveiled the vending machine at Consensus 2018, offering anyone who used it a free brew from the worlds first crypto beer vending machine.

Digital Identity Company Netki Launches Investor Validation Solution

Los Angeles based Netki just made it easier for companies launching token sales to onboard their customers in a way that...

23:11

WSJ: Coinbase Spoke to U.S. Regulators About Acquiring Federal Banking License Cointelegraph.com News

WSJ report says Coinbase spoke to U.S. regulators about getting a banking license

22:45

Cryptocurrency-Funded Solar Energy Could Power A Moldovan University This Summer News CCN

Moldova, an impoverished Eastern European country with a population of 4 million people, may soon emerge as an unwitting brand ambassador for cryptocurrency-powered, eco-friendly renewable energy. The United Nations Development Program has partnered with South Africa-based blockchain startup, Sun Exchange, to power one of Moldovas largest universities, the UNDP announced in a statement. Sun Exchange is Continued

The post Cryptocurrency-Funded Solar Energy Could Power A Moldovan University This Summer appeared first on CCN

22:36

VC Firm Behind Snapchat Looks to Ramp up its Crypto Investments, Report Says Cointelegraph.com News

Lightspeed Venture Partners, the VC firm behind Snapchat, is exploring a new crypto investment project, report says

21:40

Bitcoin in Brief Saturday: Warren Warned by Billboards, Coinbase Tempted by Banking Bitcoin News

Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by Banking

In Bitcoin in Brief today, billionaire Warren Buffett has been reminded that he was wrong about Google and Amazon, and told he might be wrong about bitcoin, too. Billboards have appeared outside his office to convey the message of the crypto community. Also, a report suggests that the US cryptocurrency exchange Coinbase may apply for a banking license. Some conflicting views on the future of the Internet and its money complete Saturdays roundup.  

Also read: Bitcoin in Brief Friday: UN Backs Crypto-Solar Project in Moldova, Malta Uses Blockchain in Public Transportation

Warren: Maybe Youre Wrong About Bitcoin?

Bitcoin in Brief Saturday: Warren Warned By Billboards, Coinbase Tempted by BankingBillionaire investor Warren Buffett, known for his negative attitude towards cryptocurrencies, has been targeted in a bitcoin advocacy campaign lead by one of the largest cloud mining companies. Genesis Mining has recently posted billboards...

21:31

Indian Cryptocurrency Exchanges Undeterred By Central Bank Crackdown; New Players Still Entering The Market News CCN

A famous quote says Water always finds a way, and this seems to be the motto of beleaguered Indian cryptocurrency exchanges, who are circumventing the Reserve Bank of Indias (RBI) blanket ban on digital currencies by a flurry of methods. Central Bank Tries To Shut Industry A country of 1.4 billion, India undeniably had a Continued

The post Indian Cryptocurrency Exchanges Undeterred By Central Bank Crackdown; New Players Still Entering The Market appeared first on CCN

20:19

Former UK Visa CEO Takes Helm of Crypto Consumer Payment Startup Cointelegraph.com News

The former CEO of Visa in the UK is taking the helm of a new crypto startup that aims to let customers pay for everyday items in crypto

20:00

New Study of Bitcoin's Energy Use Makes You Libertarian Nerds Look Even Worse Than Usual "IndyWatch Feed World"

This story was originally published by Grist and appears here as part of the Climate Desk collaboration.  Bitcoin's energy footprint has more than doubled since Grist first wrote about it six months ago. It's expected to double again by the end of the year, according to a new peer-reviewed study out last Wednesday. And if that happens, bitcoin would []

19:59

Kazakhstan President Calls for Global Rules on Cryptocurrencies under UN Oversight News CCN

The president of Kazakhstan, Nursultan Nazarbayev, is urging the global community to work together to draft common rules regarding the use of cryptocurrencies. Nazarbayev said the current, disparate regulatory guidelines around the world cause confusion and inefficiency. It is necessary to start developing common rules, Nazarbayev said May 17 at the 2018 Global Challenges Summit, as reported by Continued

The post Kazakhstan President Calls for Global Rules on Cryptocurrencies under UN Oversight appeared first on CCN

19:30

PR: Parsec Frontiers Opens Doors to New Galaxies with Its ICO Bitcoin News

Parsec Frontiers Opens Doors to New Galaxies with Its ICO

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 popularity of massive multiplayer online games and virtual worlds has grown tremendously during the last 20 years, and some of the largest services have seen tens of millions of users. Now you have the opportunity to take part in the creation of the exciting blockchain universe that opens new galaxies for you.

Last Tuesday, the first Nordic blockchain game ICO commenced following on from a successful pre-sale earlier this year.

The Parsec Credit token will be used in the game making it the core of the economy. It can also be exchanged for Ethereum. And as the players accumulate wealth in-game, they also accumulate real world money. The developers aim to get Parsec tokens on as many cryptocurrency exchanges as possible and make it a liquid currency not just in the game, but also in the real world.

Blockchain and Game
Parsec Frontiers is regarded as one of the most exciting blockchain games in development, as its one of the first full games that deploys blockchain technology at the core of its virtual economy.

Just recently Parsec Foundation and Artplant opened the auction for the first spaceships to be available in its game. The ARK-class ships is a limited edition available to the first 100 players, beginning with an auction that started on May, 15.

Its a very natural step for a game like this to embrace blockchain technology to empower the virtual economy driving the game. says Henning Rokling, the founder of the Parsec Foundation and COO in Norwegian game developer Artplant. Not only will it give players full transparency of what assets, ships and resources are available and tradable, but it will also allow players to invest time or money into a game and also bring those investments out of the game if they want to.

Largest NEO Based MMO
Early in May, Parsec Frontie...

19:19

Fixing the News: Blockchain-Powered Solutions for Media in Crisis Cointelegraph.com News

A handful of blockchain-driven media startups that aspire to revolutionize the news economy are different in this important sense

17:20

Purse.io Adds Native BCH Support and Launches Bcash Bitcoin News

Purse.io Adds Native BCH Support and Launches 'Bcash'

On Friday, May 18, 2018, the firm Purse.io, the company that enables up to 20 percent savings when users shop on Amazon with Bitcoin Core (BTC), announced native support with Bitcoin Cash. Now users spending Bitcoin Cash can get the same services the firm has been offering since 2014. Additionally, Purse has revealed its own Bitcoin Cash (BCH) Javascript library for node.js called bcash.

Also read: Stablecoin Trueusd Pumps After Binance Listing

Purse.io Adds Native Support for Bitcoin Cash

Purse.io Adds Native BCH Support and Launches 'Bcash'This week at the Coingeek conference in Hong Kong, the firm Purse announced native support for BCH alongside its new client release bcash. Right out of the gate during this formal announcement, the firm details that a marketplace like Purse depends on cryptocurrencies that dont rely on speculative interest or enthusiasm alone. The company says the average order on Purse is around $100 and the average discount is about $15 and two on-chain transactions. Then Purse says they witnessed the grueling debate last year, while BTC transactions climbed to $50 per transaction...

15:20

Japanese Exchange Coincheck Eyes America for Expansion Bitcoin News

Japanese Exchange Coincheck Eyes America for Expansion         

Coincheck, the Japanese crypto trading platform that found new owners after it was hacked earlier this year, is now planning to offer services on the US market. The exchange expects to be licensed in Japan next month, according to the chief executive of Monex, the online brokerage which bought the troubled company last month.    

Also read: Coincheck Resumes Monero Withdrawals and Sales

Coinchecks US Plans Part of the Comeback

Japanese Exchange Coincheck Eyes America for ExpansionRecognizing the need to study carefully the legal framework for cryptocurrencies in the US, Japanese exchange Coincheck is planning to expand its operations and its customer base in America, building on top of over 2 million accounts in Japan. No timefram...

14:08

Can Cryptocurrencies Survive? "IndyWatch Feed World"

QUESTION: Do you think Bitcoin can survive? Or has it been a passing fad?

MT

ANSWER: Bitcoin rose because 70% of the miners were in China. It was NOT simply because energy was cheap. Bitcoin became the LEADING means of money laundering and movement of cash out of China, circumventing their rule of law and currency controls. So do not think for one minute that Bitcoin rose because it was really a wonderful idea?

BitCoin was a means to get money out of China when you could not wire money out under currency controls. In Australia, they have adopted the slogan that CASH IS FOR CRIMINALS. They will do the same to cryptocurrencies. All they need to do is declare a law that it is illegal for a business to accept cryptocurrency under the excuse that it is money laundering. You just killed the entire industry.

The government has the army, tanks, and the guns and soon robot soldiers. Until the army is willing to turn against the hand that feeds them, which is why they are developing robot soldiers, you cannot stand with cryptocurrency and claim some magical right to suppress government and central banks. You need the power grid!

Video streaming today is because of the online porn industry (I wont post a picture of that).  They needed to sell their product and they invented video streaming under the mother of all evolution Necessity. Video streaming has since expanded to everything. Blockchain can be used in many other contexts just a video streaming was not restricted to just porn. The technology can be used for documents and other things besides just cryptocurrencies.

I have been skeptical about the claims that cryptocurrencies will replace all money and central banks and end banking creating money out of thin air. That would be recreating the Dark Age. For that to take place there can be no lending. The mortgage market would...

13:05

Inside the Competitive World of OTC Bitcoin Trading Bitcoin News

Inside the Murky World of OTC Bitcoin Trading

If you work in cryptocurrency and are a member of Linkedin, youre probably familiar with OTC bitcoin brokers. Theyll message you, out of the blue, asking if you know any private sellers, and will offer to set up a deal for your mutual benefit. The majority of these men (for they are always men) are genuine in their intentions. This does not disguise the fact, though, that BTC brokers are little more than sharks circling the same prey.

Also read: Research Paper Finds Transaction Patterns Can Degrade Zcash Privacy

Brokers Outnumber Buyers and Sellers 100:1

Anyone can become a bitcoin broker: change your Linkedin title to OTC Bitcoin Broker and youve done it. Brokerage is a job that, like most cryptocurrency roles, outside of development, requires no formal qualifications. Just as anyone can call themselves an ICO advisor, anyone can assume the mantle of bitcoin broker, consigning them to start spamming Linkedin users for buyers and highly coveted sellers.

To understand the viral spread of brokers, its necessary to understand the conditions that led to large OTC sellers coming about. Back in the day, it was possible to acquire a lot of bitcoin for very little money. A lot of people mined it; some made it from trading shitcoins; and a few simply bought a bunch of BTC and then had the presence of mind to hodl, through thick and thin, for years.

...

11:18

Steve Wozniak Compares Ethereum to Apple at Vienna Conference Cointelegraph.com News

Steve Wozniak came out in support of Ethereum at a conference in Vienna, claiming it could be as influential as Apple

11:00

Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns Bitcoin News

Colorado Proposal Aims to Allow Cryptocurrency Donations for Campaigns

The state of Colorado is considering giving political candidates the ability to raise funds using cryptocurrencies. This week the Secretary of State, Wayne Williams, presented the proposed guidelines and officials are looking for commentary from Colorado residents.

Also read: Stablecoin Trueusd Pumps After Binance Listing

Colorado Secretary of State May Allow Politicians to Accept Cryptocurrencies for Campaigns

...

11:00

Bitcoin Mining Firm Trolls Warren Buffett with Billboards Outside His Office News CCN

Genesis Minings bitcoin advocacy campaign has posted billboards outside of Warren Buffets office to remind him that he was wrong about Google and Amazon and warn him he may be wrong about bitcoin, too. The billboards went up shortly after Buffet dissed bitcoin during a Berkshire Hathaway annual shareholders meeting. Some new billboards outside of Continued

The post Bitcoin Mining Firm Trolls Warren Buffett with Billboards Outside His Office appeared first on CCN

10:45

Fundstrats Bitcoin Price Rally Prediction Fell Flat: Tom Lee Explains Why News CCN

Fundstrat Global Advisers is a finance market strategy firm well-known for making bullish predictions on cryptocurrency prices. Co-founder Thomas Lee posted the groups predictions that the bitcoin price would reach up to $64,000 by the end of 2019, citing the future trajectory of Bitcoin mining infrastructure growth as an underlying cause. He also predicted $91,000 Continued

The post Fundstrats Bitcoin Price Rally Prediction Fell Flat: Tom Lee Explains Why appeared first on CCN

10:35

Norway Central Bank Considers Developing Digital Currency Cointelegraph.com News

Norways central bank, Norges Bank, considers introducing its own digital currency, prompted by a decline in cash usage

10:03

Bitcoin Cash (BCH) Price Analysis (May 19, 2018) NewsBTC

Despite the fork, Bitcoin Cash continue to slide. In the last 24 hours for example, it is down nine percent adding on to their weekly 13 percent loss. It might have been because of the mixed reaction following the upgrade from 8MB to 32MB happening at a time when the average daily transaction is around 20K at 80kb per block. When Bitcoin Cash shall utilize full capacity and fill 32MB per block we dont know. Considering competition especially from Bitcoin and Ethereum-the latter plans on sharding, it might take a while before that happens.

From the News

Is Bitcoin Cash a wonderful product? Absolutely! Will it replace Bitcoin and dominate the crypto world? Well, maybe, who knows! For investors, speculators and traders, waiting on the sidelines and timing good entry positions can be prudent than trading with every slight swing. Yes, they had an upgrade this week but is it convincing enough for merchants and retail users to say switch from say Litecoin and use Bitcoin Cash to transact? Time is everything and right now, sellers are pressing the gas pedal with eyes set at $600.

What we do know for sure is that Bitcoin Cash has new capacity now that we have a 32MB block in place. There will be space for new user cases and yes, just to clarify, majority of the Bitcoin Cash network would be run by small data centers with better connections and which have the ability to carry out network back hauls. In my view, I dont really think there would be problems of centralization as many people have been made to believe.

Not everyone can become a full node and forget about your smart phone ever becoming one. The issue of centralization might crop up not because of storage issue or bandwidth limitation but from centralization of hardware via economies of scale. Its a design weakness and thats why we have these huge mining pools who are set to get richer with every block size increment. So, will Bitcoin Cash becomes another centralized business in the future? I leave that to you.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart

Bitcoin Cash (BCH) Price Analysis

Bitcoin Cash Weekly Chart by Trading View

In the weekly chart, Bitcoin Cash prices are basically topping and after week ending May 13 double bar bear reversal pattern, it is likely that prices might dip lower. Notice that last week ended lower despite abnormal volumes suggesting that there were some form of liquidation and rejection of higher highs at resistance. So, unless otherwise, this week will likely end as a bear and in that case we shall continue...

10:01

Tron, EOS, Litecoin, IOTA and Stellar: Price Analysis May 19, 2018 NewsBTC

By all accounts, alt coin sellers have had the upper hand this week. EOS, Tron and IOTA were some of the coins that saw double digit erosion but encouragingly for buyers, there seems to be a re-bounce. By yesterday, Litecoin, EOS, Tron and to some degree Stellar Lumens were trading within very tight range and rejecting lower lows despite high trading volumes. Basing my forecast on price action, if todays candlestick ends up bullish with high market participation levels, sellers should exit their positions and pave way for buyers.

Lets have a look at these charts:

EOS Analysis

Encrypted messaging running on blockchain, super fast transactions, free usage and a web wallet is what EOS plans for their users once they launch. The DApp, EOSChat is a combination of brains from the EOS community. Unlike other chats users wont have to pay extra to move data from one EOSChat user to another, is fast and they can actually convert their smart phones into a light node and access the  EOSIO ecosystem. On the security front, this EOSChat app will leverage on Dawn 3.0 Technology to provide a two tier security system. For maximum security, it uses double private keys and new generation multi-level authority management modes.

While we were a tad bit confident that prices would move up, EOS sellers overcame demand pushing prices lower. Nevertheless, we remain bullish and we are already seeing signs of bear exhaustion. Relative to other coins, EOS is down two percent in the last 24 hours despite high volumes. Well, if you were short, you can continue holding on to your position until after we see significant moves assuring buyers that indeed the trend is shifting. That will only happen if prices reverse and print above May 17 highs at $14.

Litecoin (LTC) Analysis

Ever heard of...

09:25

Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 18 Cointelegraph.com News

No expected price rally, Steve Wozniaks positive expectations, Wall Street Journal research and more in our latest price analysis

09:12

Ethereum Foundation Advisor: SEC Lacks Fundamental Understanding of Core Nature of Crypto Cointelegraph.com News

William Mougayar, advisor to the Ethereum Foundation, claims that the SEC is trying to fit a square peg into a round hole regarding crypto regulation

08:48

Why Nokia Is Partnering with a Crypto Startup to Build an IoT Network News CCN

Nokia, a Finland-based multinational communications and information technology provider, has announced a project to give people in remote rural areas a chance to have mobile connectivity and enjoy the benefits of the digital economy, according to a a post on the companys blog. New tools that reduce the cost of network deployment and maintenance will bring Continued

The post Why Nokia Is Partnering with a Crypto Startup to Build an IoT Network appeared first on CCN

08:45

Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions Cointelegraph.com News

Iran and Russia discussed the use of crypto with the aim of avoiding international sanctions, also noting that crypto could replace the SWIFT interbank system

08:40

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com Bitcoin News

MMA Fighter Mei Yamaguchi Comes Out Swinging for Bitcoin.com

On May 18, 2018, the One Championship fighter, female mixed martial artist (MMA) Mei Yamaguchi sponsored by Bitcoin.com, faced the Atomweight World Champion Angela Lee in a re-match bout called Unstoppable Dreams.

Also read: US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms

Japanese MMA Veteran Mei Yamaguchi Enters the Ring Sporting Bitcoin.com Gear

This Friday the Bitcoin.com sponsored Japanese veteran MMA fighter Mei Yamaguchi to meet her adversary Angela Lee again, in the the mixed martial artist female championship bout of the year at the One Championship Arena in Singapore.

...

08:00

Amber Baldet, Former JPMorgan Exec Says Banks Will Start Trading Crypto Soon NewsBTC

The former head of JPMorgans blockchain operation has said that banks will start to trade cryptocurrency sooner than people think.

Banks Are Slowly Changing Their Positions

Amber Baldet, a former JPMorgan executive, was speaking during CNBCs Power Lunch today where she said that banks trading digital currencies was coming sooner than people think. She added:

But even where the will is, the legal and regulatory framework is challenging.

Notably, despite investor interest in the market, particularly in the last year, banks have remained steadfast and have stayed away from the industry. Its only in the last few months that the finance sector has started to turn its attention to the sector.

Bank are starting to consider the use of digital currencies within their platforms, but, according to Baldet custody is still a significant challenge.

Since Baldet announced her departure from JPMorgan in April questions have arisen as to what she will be doing next. During the Consensus conference in New York, Baldet who was listed under Fortunes 40 Under 40 list, unveiled her new startup, Clovyr, which claims to offer something similar to the app store, but for projects built on the blockchain.

She said:

Theres no way to discover whats out there right now, theres no Google for finding applications. The ability to discover apps is helpful but the ability to build them is also encompassed in there.

Earlier today it was reported that JPMorgan was hiring a 29-year-old to head its crypto-assets strategy. Such a move from the Wall Street bank represents a significant turnaround for the banking giant, and signals that it may be considering taking the sector seriously enough to warrant further inspection of it.

Featured image from Shutterstock.

The post...

07:00

Snapchats Main Investor is Forming a Cryptocurrency Fund News CCN

On May 18, Recode reported that it has discovered Lightspeed Venture Partners, the main investment firm which backed many successful technology companies like Snapchat operator Snap, is planning to establish a fund that is exclusive to the cryptocurrency market. Three Options Sources of Recode confirmed that the venture capital firm is actively investigating into various Continued

The post Snapchats Main Investor is Forming a Cryptocurrency Fund appeared first on CCN

06:57

Cryptocurrency Mining Firm Takes Aim at Warren Buffet with Amusing Billboard Trolling NewsBTC

A cryptocurrency mining firm claims to be responsible for a billboard that has appeared near Warren Buffets office in Omaha. Whilst still unconfirmed, Genesis Mining are apparently behind the taunting publicity stunt.

Warren Buffet Publicly Trolled over Bitcoin Comments

The co-founder of colossal Bitcoin mining firm Genesis Mining tweeted a picture of the billboard earlier today. The message displayed on the sign is clearly addressed to the 87-year-old billionaire and reads:

Warren: You said you were wrong about Google and Amazon. Maybe youre wrong about Bitcoin?

The picture was posted this morning by Marco Krohn and references Buffet admitting to missing an opportunity by dismissing now tech giants Google and Amazon in their formative days as well as his continual expressions of contempt for the leading cryptocurrency, Bitcoin.

During the Berkshire Hathaway annual shareholder meeting this month, Buffet spoke about his opinion of the tech companies being wrong:

I made the wrong decisions on Google and Amazon.

Buffet has also repeatedly dismissed digital currencies. At the same meeting in which he addressed him missing out on the technology stocks, he claimed Bitcoin was probably rat poison squared. Later in an an interview with CNBCs Squawk Box he attacked supporters of cryptocurrency for defending the digital asset class. He said:

If people react when you criticise their investment, if they get mad, theyre gambling If they really like what they own, what difference would it make? If I criticise their wife or something, they dont get all upset about it [laughs].

06:40

Japan Banking Giant Mitsubishi Goes Crypto With Own Coin Bitcoin News

Japans Banking Giant Mitsubishi Goes Crypto With Own Coin

Mitsubishi UFJ Financial Group, Inc, one of the top five banks in the world, announced its intention of testing a proprietary cryptocurrency by 2019. The idea is to roll out its coin initially to a relative handful of customers, hoping theyll participate in finding inevitable bugs as they make typical retail purchases. For Japan, its yet another indication the countrys business culture is betting on a crypto future.

Also read: Alec Baldwins Lambo Movie Backed by Crypto Tech

Japan Banking Behemoth to Test Proprietary Coin

Mitsubishi UFJ Financial Group, Inc. (MUFG; UFJ), after a few years of plotting (since 2015), appears ready to roll out its own crypto token, MUFG Coin by 2019. In doing so, it would become the first major bank on the planet to issue a variation on cryptocurrency. The plan involves testing MUFG Coin in 2019 with 100,000 users, hoping they will shop the token through retail outlets, everything from clothing to food.

In early 2016, Asahi Shimbun, Japanese daily, broke the story of how MUFG bundled a trial-trial with an iteration then of MUFG Coin and a smartphone app. MUFG coin takes advantage of the new technology that is on a network of multiple smaller computers, a company report at the time revealed. It is possible to cheaply build a tamper-resistant transaction record of the ledger, otherwise referred to as the blockchain.

...

06:14

New Steps of Adoption: Dutch National Blockchain Research Agenda Cointelegraph.com News

The Dutch governments foray into blockchain enterprise could represent a third prong to mainstream adoption following banks and major corporations

06:00

Binance Coin Price Rallies 21% after Exchange Doubles Referral Bonus for BNB Hodlers News CCN

The Binance Coin price (BNB) experienced a double-digit percentage rally on Friday after its issuer cryptocurrency exchange giant Binance announced that it was doubling the referral bonus for users holding a large number of BNB. BNB Price Makes Double-Digit Rally Despite Bearish Market BNB spent most of the previous day trading between $12.25 Continued

The post Binance Coin Price Rallies 21% after Exchange Doubles Referral Bonus for BNB Hodlers appeared first on CCN

05:53

Indian Supreme Court Upholds Central Banks Crypto Dealings Ban Until July Hearing Cointelegraph.com News

Report: the Reserve Bank of Indias ban on crypto dealings is still upheld, after the countrys Supreme Court ruled to prevent any further petitions against the ban

05:51

Bitcoin Price Analysis: BTC Poised for $9,000s Amid Weak Lows

A brief lived rally gave eager bulls a false expectation as the economy tried to break back into the trading range outlined in last weeks BTC market analysis. As mentioned in our last discussion, a break back in the TR will be considered a period of evaluation and an inability to keep support inside the TR would probably result in a continuation of the downtrend: Figure 1: BTC USD, Hour Candles, Downtrend ContinuationAfter launching the Major indication of Weakness, the market made a weak rally and finally formed a final point of Supply in the bottom of the TR. The LPSY is the stage where distribution begins to conquer the current market and long positions start to close as the demand dries up.

Soon after the rejection of the TR, the marketplace established a brand new low. Nevertheless, this reduced was pushed fairly low volume. The price action and volume are shaping a reversal pattern known as a Falling Wedge :Figure 2: BTC USD, Hour Candles, Falling Wedge. If the cost manage to break out of the FW it may have a small $1, 000 move upwards. The measured movement would have us retesting the lower $9, 000s once more.

Nevertheless, If we fail to gain sufficient momentum upwards, wed likely test the macro 61 percent Fibonacci retracement values: Figure 3: BTC USD, Day Candles, Macro Fib RetracementsFigure 4: BTC USD, hour candles, macro 61% Closer View. If we manage to test the 61%, this will be a zone of evaluation as we wait to see how a market reacts to such a strong macros service. Summary: Following a brief lived rally, bitcoin set a LPSY in the $8, 800s before continuing to create new lows. Presently, the market is pushing new lows, but on diminishing volume. The current cost activity is forming a falling wedge that, in case it breaks up, would have a cost target in the low $9, 000s.

Trading and investing in digital assets such as bitcoin and ether is extremely speculative and comes along with several dangers. This evaluation is for informational purposes and shouldnt be considered investment advice. Statements and fiscal info on Bitcoin Magazine and BTC Media related websites dont necessarily reflects the opinion of BTC Media and shouldnt be construed as an endorsement or recommendation to purchase, sell or hold. Past performance isnt necessarily indicative of future results.

Sources:
bitcoinmagazine.com
last weeks BTC Market Analysis

05:45

Bitcoin Price Analysis: BTC Poised for $9,000s Amid Weak Lows Bitcoin Magazine

Bitcoin Price Analysis

A short-lived rally gave eager bulls false hope as the the market attempted to break back into the trading range (TR) outlined in last weeks BTC Market Analysis. As noted in our last discussion, a break back into the TR would be considered a period of evaluation and an inability to maintain support within the TR would likely lead to a continuation of the downtrend:

fig1Figure 1: BTC-USD, 2-Hour Candles, Downtrend Continuation

After establishing the Major Sign of Weakness (SOW), the market made a feeble rally and ultimately formed a Last Point of Supply (LPSY) at the bottom of the TR. The LPSY is the point where supply begins to overwhelm the market and long positions begin to close as the demand dries up. Shortly after the rejection of the TR, the market established a new low. However, this low was pushed on fairly low volume. The price action and volume are shaping out a reversal pattern called a Falling Wedge (FW):

fig 2Figure 2: BTC-USD, 2-Hour Candles, Falling Wedge

If the price manages to break out of this FW it will have a modest $1,000 move upward. The measured move would have us retesting the lower $9,000s once again. However, if we fail to gain enough momentum upward, we would likely test the macro 61% Fibonacci retracement values:

fig 3Figure 3: BTC-USD, 3-Day Candles, Macro Fib Retracements

fig 4Figure 4: BTC-USD, 4-Hour Candles, Macro 61% Closer View

If we manage to test the 61%, this will again be a zone of evaluation as we wait to see how the market reacts to such strong, macro support.

Summary:

  1. After a short-lived rally, bitcoin established a LPSY in the $8,800s before continuing to make new lows.
  2. Currently, the market is pushing new lows but on diminishing volume.
  3. The current price action is forming a Falling Wedge which, if it breaks upwards, would have a price target in the low $9,000s.

Trading and investing in digital assets like bitcoin and ether is highly speculative and comes with many ri...

05:40

Coingeek Conference 2018: Bitcoin Cash Innovation Shines in Hong Kong Bitcoin News

Coingeek Conference 2018: Bitcoin Cash Innovation Shines in Hong Kong

On May 18, 2018, the blockchain firm Coingeek hosted its inaugural Coingeek Conference held this year in Hong Kong. The event was filled with movers and shakers from the Bitcoin Cash (BCH) ecosystem, alongside hundreds of BCH supporters looking to change the way the worlds money works.

Also Read: 5 Years Ago You Should Have Bought Bitcoin, Not Altcoins

Coingeek Conference 2018: Spreading the Word of Bitcoin Cash Adoption in Hong Kong

Coingeek wrapped up its Bitcoin Cash-focused conference that aimed at spreading the message of the many benefits BCH has to offer. The event was held in Hong Kong, at the luxurious Four Seasons Hotel, and had a wide variety of industry innovators from companys like Purse.io, Bitmain, Yours, Centbee, Handcash, Nchain, Lokad, Bitcoin.com, and more. Moreover, attendees listened to keynote presentations from Ryan X Charles, Jihan Wu, Dr. Craig Wright, Roger Ver, Joannes Vermorel, Vin Armani, Steven Bower, and Jimmy Nguyen among many special guests.

...

05:02

Colombia: Newly Formed Blockchain Association Aims for Dialogue With Government Cointelegraph.com News

Six Colombian crypto companies form local Blockchain Association to support industry

05:00

Steve Wozniak: Bitcoin and Blockchain is the Next Major IT Revolution NewsBTC

The co-founder of the multinational technology company Apple has once again praised Bitcoin and its underlying technology blockchain. Steve Wozniak spoke about the financial innovation at a tech conference that was held this week.

Wozniak Believes in Bitcoin and Blockchain

Wozniak was speaking in Vienna at an event called WeAreDevelopers World Congress. There he stated that he felt that the blockchain would be a world-changing technology. He went on to claim that it was the next major IT revolution that is about to happen.

The Apple co-founder spoke just after the opening of the conference. His 45 minute fireside chat took place at the main stage and was live streamed to all of the other rooms at the event. Naturally, being given the task of introducing the general technology conference, Wozniak didnt exclusively talk about Bitcoin and blockchain. He also addressed topics such as Tesla, and the Cambridge Analytica data leak scandal. Digital security was also addressed:

We lost our security a long time ago. Weve lost our privacy and its been abused. If I think I have a level of privacy that I dont, thats deceit. And that bothers me. I hit a limit. I cant take that. Its one step in a long series of steps that are all in the same direction.

Along with Wozniaks opening, there were multiple presentations and workshops at the WeAreDevelopers World Conference devoted to blockchain. Amongst those sections of the program covering the technology was a talk titled How to Execute Business Processes on the Blockchain delivered by Dr. Jan Mendling, one called From Coded Cultures to Future Cryptoeconomics by Matthias Tarasiewicz, Daniel Pichler, and Jrgen Hoebarth, as well as Dont Be the Weakest Link In the (Block)chain by Luka Milinkovi & Marko Atanasievski.

Despite only briefly mentioning Bitcoin and blockchain in his opening speech, Wozniak is already known as a fan of cryptocurrency and its underlying technology. According to U.K. newspaper the Independent, he spoke on the topic in October of last year at the Money 20/20 event in Las Vegas. There, he slated fiat currency as being kind of phony since governments can just create more of it at their own whim. He contrasted gold and traditional forms of money with Bitcoin:

There is a certain finite amount of bitcoin that can ever exist Gold gets mined and mined and mined. Maybe theres a finite amount of gold in the world, but cr...

04:53

Ethereum Could Be the Next Apple: Steve Wozniak News CCN

Blockchain platform Ethereum could be the next Apple, one of the iconic tech companys co-founders said this week. According to Forbes, Steve Wozniak made this bullish prediction in front of 5,000 people at this weeks WeAreDevelopers conference in Vienna. Ethereum interests me because it can do things and because its a platform, he said, adding Continued

The post Ethereum Could Be the Next Apple: Steve Wozniak appeared first on CCN

04:20

Zcash Leaves Crypto Market Behind with 50 Percent Weekly Spike CoinDesk

In a poor week for the wider markets, a listing on the Gemini exchange put a strong bid under zcash, producing gains of 50 percent.

04:08

Chinese Govt Study Detects 421 Fake Cryptos, Outlines Key Features of Fraud Cointelegraph.com News

A study led by Chinas Ministry of Industry and IT finds over 421 fake cryptocurrencies and outlines the key signs of likely fraud

04:00

Did Consensus 2018 Cause Crypto Market Dip? NewsBTC

Not only did Consensus 2018 fail to generate a market pump, but by the end of the three-day session, the crypto sphere was dipping again.

Crypto Market Falls After Consensus

The Consensus event took place in New York from May 14 -16, which saw thousands of attendees from industry startups, investors, financial institutions, enterprise tech leaders, and academic and policy groups flocking to the conference.

The idea that Consensus 2018 would create a rally for Bitcoin and by proxy the entire cryptocurrency market was peddled in the financial news by pundits like Tom Lee of Fundstrat, who said during the build-up to the event:

Bottom line: We expect BTC and cryptocurrencies to behave similarly to prior years and rally during Consensus.

This consensus pump failed to materialize as Bitcoin fell 3.25% to $8,255.2 according to CoinMarketCap and remains close to session lows of $8,054.00 at the time of writing. Considering that Consensus 2017 created a spike that may be considered the start of the bull run that took Bitcoin to nearly $20,000 mid-December, the question many may be wondering is what happened this year?

Why Consensus Failed to Create Pump

The problems may have started when the tickets were priced from $999 dollars for students to $2,499 for an enterprise (per attendee) and could not be purchased with cryptocurrency.

Yahoo Finance reported that the topic of regulation was hotly debated at the conference but it lacked fresh perspective drawing a muted a reaction from cryptos. From media reports, this seems to be the general consensus while comments on Reddit fleshed out the problems further.

Poster U/korgijoe started a thread entitled Consensus 2018: It sucked. Heres why in which he broke down the problems with the conference in three parts:

  1. Talks were superficial, and they didnt seem to know who their audience was. Sorry folks, normies are gone. Speak to your core enthusiasts.
  2. The whole presentation vibe was, lets bend over backward for bankers and discuss how were going to do it. I get that its in NYC, but come on. If the suits are here, lets discuss using their money to lobby Congress in favor of crypto instead of shorting the market....

03:48

Cryptocurrency Exchange Coinbase May Apply for a Banking License: Report News CCN

Cryptocurrency brokerage firm Coinbase has met with US regulators to discuss applying for a banking license, according to an anonymous source familiar with the matter. The Wall Street Journal reports that the firm, one of the largest in the cryptocurrency industry, met with regulators at the US Office of the Comptroller of the Currency (OCC) Continued

The post Cryptocurrency Exchange Coinbase May Apply for a Banking License: Report appeared first on CCN

03:40

Trust Token Blames Bots for Volatility of Trueusd Stablecoin Bitcoin News

Trust Token Blames Bots for Volatility of Trueusd Stablecoin

On Wednesday Trueusd, a stablecoin designed to be pegged to the US dollar, experienced a sudden bump in price after Binance announced support. The news caused Trueusd (TUSD) to rise by an unprecedented 40% before eventually subsiding. Trust Token, the coins developers, have now explained to news.Bitcoin.com how this sequence of events came to be.

Also read: Stablecoin Trueusd Pumps After Binance Listing

Trueusd and the Moon Mission That Wasnt Meant to Be

As reported on Thursday, TUSD pumped to $1.39 off the back of news that Binance would be listing the supposed stablecoin. Binance has since postponed its listing of the token, pushing the event back by a few days to prepare for sufficient liquidity. Trust Token, for its part, has responded to the incident in a blogpost, writing:

TrueUSD saw a large, sudden increase in demand after Binance first announced that they are listing TUSD. We believe that bots (and some misinformed traders) purchased TrueUSD as soon as the announcement was made.

...

03:30

PR: Myidm Launches Post Quantum Computer Security Bitcoin News

Myidm Launches Post Quantum Computer Security

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.

Encryption is one of the most important methods for providing data security. Encryption is widely used on the internet to protect user information being sent between a browser and a server, including passwords, payment information and other personal information that should be considered private. However, with recent developments in quantum computers, more powerful and capable than traditional computers, the traditional data security comes to a threat. Are we prepared for post-quantum era cyber security? IDM service provides today a complete post-quantum protection for tomorrow. With new SIZE algorithm IDM team has developed a security solution to tackle the quantum computer supremacy.

Quantum computer development
Quantum computing takes advantage of a strange ability of subatomic particles to exist in more than one state at any time. In common digital computing, a bit is a single piece of information that can exist in two states 1 or 0. Quantum computing uses quantum bits, or qubits instead. These are quantum systems with two states. This difference allows a future quantum computer to solve some difficult mathematical problems easier, faster and with less energy.

Quantum computers operating on completely different principles to classic computers can solve particular mathematical problems, like finding very large prime numbers. This problem is classically very difficult to solve. In fact, it is so difficult that it forms the basis of RSA encryption, probably the most popular method of encryption used today. Since prime numbers are so important in cryptography, it is likely that quantum computers would be able to crack practically any of the existing data security systems.

To estimate the scope of a potential security problem we have to answer few questions: What kind of attacks can quantum computer perform? What are the most vulnerable scenarios? How far awa...

03:09

Switzerland First in Ranking of Top 10 Most Blockchain-Friendly Countries in Europe Cointelegraph.com News

A study of 48 EU countries for their blockchain and crypto-friendliness puts Switzerland, Gibraltar, and Malta at the top

02:16

EU Parliament Touts Blockchain to Empower Businesses and Citizens

Members of the European Parliament believe modest businesses could benefit from incorporating blockchain technology. The Business, Research and Energy committee voted Wednesday at urge that small businesses look into blockchain payment systems in the movement aimed at relieving a few of the expenses associated with middleman payment facilitators. Additionally, an oral question will be posed to the EU Commission about the technology during a plenary session next month, based on a press release. The committee especially proposed non monetary uses for the technology, specifying data controls, logistics management, property registers and in democratizing the energy market, in accordance with the release.

Eva Kaili, a committee member who reported on the meeting, said technology is a cutting-edge one, adding: . Today the Industry Committee voted unanimously in favor of a forward looking technology we expect to alter the standard of our own life, empower SMEs and improve business models in most industrial sectors. And we aspire to make EU the global leader in the age of the fourth industrial revolution. . In accordance with the release, the members have called on the EU Commission to set regulatory rules for various blockchain use cases which are innovation friendly and technology neutral. Theyve also asked to include financing for emerging blockchain jobs from the post-2020 EU long term budget .

Talking at CoinDesks Consensus 2018 conference Monday, Kaili noted that the EU was starting to promote blockchain adoption, saying in the upcoming few years we will have harmony, sands and regulations. With that being said, she noted that is really hard to educate every politician about blockchain technology. And also we do not have too many scientists inside the European Parliament. . EU Parliament office 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
a press release
CoinDesks Consensus 2018
Kaili noted
EU Parliament office
strict set of editorial policies

02:07

John McAfee-Endorsed ICO Apologizes For Plagiarizing Content From Blockchain Taxi Platform News CCN

UPDATE: Pink Taxi apologized for its ICO marketing materials, which another group accused it of using without permission. Pink Taxi issued a statement on Twitter acknowledging the confusion. After the jump. Bitcoin bull John McAfee was accused of promoting a sham initial coin offering by a group called Pink Taxi, which allegedly stole intellectual property from

The post John McAfee-Endorsed ICO Apologizes For Plagiarizing Content From Blockchain Taxi Platform appeared first on CCN

02:00

Bitcoin Mining Giant Bitmain Is Making a Major Pivot to AI News CCN

Bitmain is the worlds undisputed leader in cryptocurrency mining hardware manufacturing. Now, it wants to fill a similar role in the artificial intelligence (AI) field as well. Speaking in a rare interview, enigmatic Bitmain CEO Jihan Wu told Bloomberg that the company is channeling its expertise in developing application-specific integrated circuit (ASIC) chips toward a

The post Bitcoin Mining Giant Bitmain Is Making a Major Pivot to AI appeared first on CCN

02:00

Bitcoin and the Blockchain "IndyWatch Feed Economics"

Steve Wozniak: Bitcoin and Blockchain Will Achieve Full Potential in a Decade

Dear Reader,

Over the past two weeks, weve received many email concerns from readers regarding Warren Buffetts recent comments about Bitcoin.

We highly respect Buffett as an investor and look forward to reading anything he puts out, but we have to keep in mind that Mr. Buffett completely missed the Internet and most of the other technology gains throughout his career.

He openly admitted that he didnt understand Google and Amazon 20 years ago and was wrong about them.

Im not sure why anyone would take him so seriously regarding Bitcoin when both Bill Gates (founder of Microsoft) and Steve Wozniak (co-founder of Apple) believe Bitcoin and the blockchain are the future.

Wozniaks exact words were Blockchain is the next major IT revolution that is about to happen.

He also noted last October that Bitcoin is better than gold and the U.S. dollar.

Twitters founder, Jack Dorsey, predicted in March that Bitcoin will become the worlds single currency.

I dont know if I would go as far as saying its...

01:40

Five Petitions Pile Up Against Indias Crypto Crackdown High Courts Ordered to Ignore Bitcoin News

Five Petitions Pile Up Against India's Crypto Crackdown High Courts Ordered to Ignore

Five writ petitions have now been filed against the order by the Reserve Bank of India (RBI) banning banks from providing services to entities dealing with cryptocurrencies. The countrys Supreme Court has set a date to hear all petitions but has barred all other courts from accepting any new ones.

Also read: US State Issues Emergency Cease and Desist Orders to Two Crypto Investment Firms

Latest Writ Petition Against RBI Order

Five petitions have been filed with Indian courts against RBIs order banning financial institutions under its control from dealing with cryptocurrencies and servicing entities that deal with them including crypto exchanges. RBI has set a three-month deadline or by July 5 for financial institutions to comply with its notice, putting the cryptocurrency businesses in India in a disarray, the Economic Times elaborated.

Five Petitions Pile Up Against India's Crypto Crackdown High Courts Ordered to IgnoreThe latest writ petition was filed by the Internet and Mobile Association of India (IAMAI), a non-profit industry body representing the interests of online and mobile value...

01:11

Malta Partners With Blockchain Startup to Improve Public Transportation Cointelegraph.com News

Maltas Transport Ministry and UK blockchain startup to develop a transport and logistics blockchain platform for the country

01:01

EU Parliament Touts Blockchain to 'Empower' Businesses and Citizens CoinDesk

A committee of the European Parliament believes that small businesses could benefit from integrating blockchain technology.

00:50

Hacked Cryptocurrency Exchange Coincheck Plots US Expansion News CCN

Disgraced cryptocurrency exchange Coincheck has come under new management, and its new owners are planning to bring the trading platform to the US market. Bloomberg reports that Monex, the Japanese brokerage firm that acquired Coincheck in April, believes a US expansion could fast-track the exchanges quest to once again become a major player in the Continued

The post Hacked Cryptocurrency Exchange Coincheck Plots US Expansion appeared first on CCN

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