Bitcoin has been on a rollercoaster over the past few days, after rebounding at $10,000 only to reach the resistance at $10,800 and rolling over to return down to $10,000, where it traders now. Looking at the Bitcoin weekly chart, we can see that the coin might be forming a descending triangle pattern. The interesting thing...Read More
For years the method for crypto-derivative trading had a basic implementation that brought a significant amount of risk. Institutional traders were communicating and negotiating privately large trades via Skype and Telegram, whereas the order book’s execution was manually coordinated afterward. The main risk is mostly related to the execution itself as the combination trades, and...Read More
A group of hardcore bitcoin maximalists have heroically overcome their hatred for Ethereum after receiving ERC20 shares in crypto exchange INX worth hundreds of thousands of dollars. The staunch BTC loyalists, led by Blockstream CTO Samson Mow, have agreed to support a project built on Ethereum, despite all the mean things they’ve said about it....Read More
Miller Lite, the popular beer brand from U.S. brewer MillerCoors, has teamed up with a blockchain marketing company for the latest iteration of its “Know Your Beer” program. For the ongoing campaign, launched July 1, Vatom Labs built what it calls a mobile”edutainment game,” called Great Taste Trivia, that served a 12-question quiz to cellphones, geo-targeting...Read More
The Takeaway: Experts say Hamas is now using bitcoin for cross-border fundraising at an unprecedented rate. Still, even the largest estimates of terror financing in the region are apparently dwarfed by civilian bitcoin usage in the Gaza Strip, local experts tell CoinDesk. General awareness in Palestine of bitcoin and ethereum has increased since 2018. Freelance...Read More
A VC-backed blockchain firm that helped curate courses at Harvard, Oxford and Cambridge is officially rolling out its programs at three California universities. MouseBelt‘s Blockchain Accelerator launched Wednesday at UC Davis, UC Los Angeles and UC Santa Barabara, boosting the educational presence at the noted U.S. schools. Backed by over $40 million in funding from...Read More
Bitcoin dominance is the crypto market share of the leading cryptocurrency, Bitcoin, over the rest of the crypto market. The indicator has been fluctuating between a high of almost 96% in November 2013 and a low of 33.4% recorded in January 2018, during the craziest altcoin season. Following the BItcoin’s Bull Run of 2019, the dominance...Read More
Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, a new analysis claims. Bitcoin’s true share of the total market capitalization for all cryptocurrencies could be as high as above 90%, Forbes reported on Aug. 22. While mainstream crypto data aggregators have been pointing to a...Read More
Bitcoin’s short-term outlook has turned decidedly bearish after a week of sideways action. Bitcoin (BTC) price was testing support at $10,000 Aug. 22 as the largest cryptocurrency fluctuated between four and five figures. Market visualization. Source: Coin360 Difficulty must touch floor before Bitcoin price moons Data from Coin360 showed BTC/USD crossing the $10,000 mark multiple...Read More
It may seem trivial in some cases, but digital anonymity is no joking matter to American whistleblower and privacy advocate Edward Snowden. “We need someone to be able to post something truly idiotic on the internet and not have it haunt them for the rest of their lives,” he said through a webcam to a crowd...Read More
The White House issued two advisories on drug purchases in the U.S. Wednesday, using the communications to make specific references to the role of cryptocurrencies in such transactions. The advisories, addressed to both financial institutions and digital payment platforms, state that “convertible virtual currencies,” particularly bitcoin, bitcoin cash, ethereum and monero, can be and have been used...Read More
Blockchain.com will integrate Polkadot tokens into its wallet following a new partnership in order to drive more decentralization. Luxembourg-based crypto data supplier and crypto wallet Blockchain.com has partnered with blockchain interoperability protocol Polkadot. Driving decentralization On Aug. 20, Blockchain.com announced it will integrate its Blockchain Wallet with the Polkadot Network in order to drive the...Read More
Nonprofit organization Kiva along with the government of Sierra Leone have launched a country-wide blockchain solution for credit history. San Francisco-based nonprofit Kiva, a company that crowdfunds loans for financial inclusion, has launched a blockchain platform for credit history with the government of Sierra Leone. According to a Reuters report on Aug. 21, Kiva and...Read More
11 open-source code libraries written in Ruby contained cryptojacking code and were downloaded thousands of times. A Cryptojacking code was found in 11 open-source code libraries written in Ruby, which have been downloaded thousands of times. Industry news outlet Decrypt reported on Aug. 21 that cryptojacking code has been added to 11 open-source Ruby libraries...Read More
The U.S. Department of Treasury has sanctioned three alleged narcotics operators and their crypto addresses. The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, also known as the Kingpin Act. These addresses, and the individuals associated with them,...Read More
Ukraine’s top law-enforcement and counterintelligence agency uncovered crypto mining equipment on site at a nuclear power plant. According to local media reports, the Security Service of Ukraine (SBU) confiscated six Radeon RX 470 GPU video cards, a motherboard, power supplies and extension cords, a USB and hard drive, and cooling units installed in the South...Read More
The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds. The...Read More
Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia. The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. The startup, founded by investors Tyler and Cameron Winklevoss, is also making...Read More
Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies. According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle of...Read More
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws. OFAC named Xiaobing Yan, Fujing Zheng and Guanghua Zheng as narcotics traffickers under the Foreign Narcotics Kingpin Designation Act, freezing any property they own within the U.S. and listing...Read More
Tether is planning to issue a stablecoin pegged to the Chinese renminbi, according to a trader with ties to the company. Zhao Dong, an over-the-counter (OTC) trader in China and a shareholder of crypto exchange Bitfinex – which shares managers and owners with Tether – revealed the move on WeChat on Wednesday, saying Tether plans call...Read More
Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli. The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli’s rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in the last...Read More
Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services. Group Chairman Chairman Son Tae-seung made the announcement on the 21st at the company’s headquarters in central Seoul, some reports said. Further detail appeared in Shin-A Ilbo, CoinDesk Korea, and other publications. Under the agreement,...Read More
Privacy-focused Nym Technologies unveiled new code this week for its decentralized identity system. It’s slated for testnet launch this fall. On Tuesday at the Web3 Summit in Berlin, Nym CEO Harry Halpin said the technology represents “the next generation of privacy infrastructure” not just for blockchains but for the entire web. Indeed, one of the...Read More
Securitize, a provider of technology for issuing blockchain tokens, has registered as a transfer agent with the U.S. Securities and Exchange Administration (SEC), a move it says will boost adoption. Announced Wednesday, the registration means Securitize can now act as the official keeper of records about changes of ownership in securities. While that might sound...Read More
Commonwealth Bank of Australia (CommBank) has co-developed a blockchain marketplace that it says could support sustainable development and reward landowners for protecting the environment. Created in partnership with BioDiversity Solutions Australia (BDS), the prototype platform uses digital tokens, dubbed BioTokens, to facilitate trading of biodiversity credits for the New South Wales Government’s Biodiversity Offsets Scheme. The scheme...Read More
The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from...Read More
A prolonged rainstorm in China’s Sichuan province has caused land- and mudslides, forcing some local hydropower plants and bitcoin miners to halt operations. Heavy rain has been drenching Sichuan’s mountainous Aba prefecture since Monday, with landslides now affecting 17 counties in the area, according to local government social media posts on Tuesday. Among them, the Wenchuan county appears...Read More
U.S. Secretary of State Michael Pompeo has said he believes that cryptocurrencies should be regulated in the same way as financial institutions. In an interview with CNBC’s Squawk Box on Tuesday, Pompeo was asked how best to regulate Facebook’s Libra or bitcoin. He responded: “My sense is this: We should use the same framework that we...Read More
Litecoin has seen a further 5% price decrease over the past 24 hours, which has brought the price of the cryptocurrency down to $70. This latest price drop is mostly a result of Bitcoin dropping back beneath the $10,000 region as things start to look bleak for the overall cryptocurrency market. Litecoin remains the fifth-largest...Read More
