A Thai man who called himself the “cryptocurrency wizard” was arrested in Bangkok today, in relation to a 500 million baht cryptocurrency exchange fraud. According to a report by the Bangkok Post, 48-year old Mana Jumuang was part of a Thai-Vietnamese criminal group that duped thousands of people across multiple Asian countries. An arrest warrant...Read More
The NSA has revealed plans to create a quantum resistant crypto. It’s not the first time the agency has taken an interest in cryptocurrency. | Source: Shutterstock The U.S. National Security Agency (NSA) is going from crypto surveillance to crypto creation. According to Bloomberg reporter William Turton, the agency is developing “quantum-resistant crypto.” Anne Neuberger,...Read More
The crypto ecosystem has successfully leveraged a partnership-driven approach to gain mainstream attention, with exchanges such as Coinbase and Binance primarily fueling the initiatives. Moreover, Coinbase seems to have taken the lead in this regard, as the decentralized applications company Offchain Labs announced investment from Coinbase Ventures, the investment arm of Coinbase. Ed Felten, Co-Founder...Read More
Bitcoin basher Mark Mobius raised concerns over the security promised by blockchain technology while calling it “a very high-risk situation.” | Source: REUTERS / Danish Siddiqui (i), Shutterstock (ii). Image Edited by CCN. Mobius Capital Partners LLP founder and emerging markets fund manager Joseph Bernhard Mark Mobius has raised concerns over the security promised by...Read More
The Fear and Greed Index suggests that crypto investors are feaful. In addition, a top analyst believes bitcoin has more downside risk before skyrocketing. | Source: Shutterstock Over the last few weeks, bitcoin has been struggling to stay above $10,000. The bullish steam that pushed the dominant crypto to $13,880 is fading away. Armchair traders...Read More
A host of South Korean institutions have realized the potential and importance of integrating digital tokens into their businesses. Major businesses have already taken a step forward by announcing their own native tokens, taking a step closer to the mainstream adoption of cryptocurrencies. K-pop music giant SM Entertainment became the latest member to join the...Read More
The charity arm of Malta-based crypto exchange heavyweight Binance is launching a fundraising campaign for Hurricane Dorian victims. Donations will be accepted in Bitcoin, Binance Coin, and XRP. The Fury of The Dorian As per latest reports coming in from the Washington Post, Hurricane Dorian has already made headway into the American states of North...Read More
Look up “hyperinflation” in the dictionary, and you’ll probably find a picture of Zimbabwe’s 100 trillion dollar bill. The country has become an unfortunate poster for economic mismanagement, but one project, Zimbocash, is seeking to heal Zimbabwe’s economic woes with a token on the TRON blockchain. Zimbocash is not the only cryptocurrency attempting to make...Read More
Bitcoin ticker symbol “BTC” saw a sudden spike in interest on Google, but could the search engine results be manipulated? And why? | Source: Shutterstock Interest for “BTC” has exploded to a new record on Google Trends as search results for bitcoin’s ticker symbol skyrocket. The phenomenon started around August 30, when “BTC” searches suddenly...Read More
SBI Holdings’ President Yoshitaka Kitao bagged himself a seat with Ripple’s other Board of Directors and Kitao has ever since, been working tirelessly to promote crypto. At the recent Financial Summit ‘Finsum’ in Tokyo, Japan, Kitao made necessary mentions of the technologies embraced by SBI and its vision to expand its own customer base. While...Read More
Bitcoin has been trading around $10,500 for the last few days as price levels begin to form rising support. The question remains as to whether enough volume will enter Bitcoin in order for price levels to break up-wards through key resistance at $11,00o. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can...Read More
The massive Bitcoin sell-off that sent prices below the $10,000 at the end of August wasn’t the result of manipulations, according to an ex post facto research by Coin Metrics. First Major Bitcoin Sells Spotted on Coinbase Large traders or institutional investors often manipulate the Bitcoin price, especially through fake volume or trading derivatives. The...Read More
Bitcoin continues to set new records for dominance, as altcoins fall behind. On Thursday, BTC eked out a slight 0.37% price gain over the day before. But most altcoins continued the trend of two-to-three percent daily losses – which means that Bitcoin is now at 71% dominance. Cryptocurrency market dynamics since September 4. Source: Coin360...Read More
The Bitcoin Cash City conference in North Queensland has just wrapped up, and participants are now unwinding after two consecutive days of presentations, product demos, free gifts, and plenty of food. Tomorrow, September 6, there will be a special workshop for developers, and then the conference proper will end and it’s on to next year’s...Read More
BUSD will be available for direct purchase and redemption 1:1 for U.S. dollars on the Paxos platform and for trading against Bitcoin (BTC), Binance Coin (BNB) and Ripple’s XRP on Binance.com. Paxos Trust Company, a regulated financial institution that digitizes and mobilizes assets, and global cryptocurrency exchange and blockchain ecosystem, Binance, announced their partnership regarding...Read More
The Hurricane Dorian relief effort has teamed up with an unlikely ally in the Bahamas: Bitcoin, along with a helping hand from Coinbase. | Source: Wikimedia Commons (i), AP Photo / Gillian Flaccus (ii). Image Edited by CCN. The Hurricane Dorian relief effort has teamed up with an unlikely ally to help the Bahamas recover...Read More
Ripple and SBI have been making waves with their work together and Yoshitaka Kitao, President of SBI Holdings, is doing everything possible to promote cryptocurrencies in Japan. While attending a Financial summit dubbed ‘Finsum’ in Tokyo, Japan, Kitao offered to make trading commission-free, even for cryptocurrency assets. While giving a brief about Ripple and its...Read More
Binance USD (BUSD) – a stablecoin from the world’s largest crypto exchange – has been approved by the New York State Department of Financial Services (NYDFS), which has historically taken a hard line against cryptocurrency companies. The new stablecoin has been developed by the team behind Paxos and will be used within the Binance ecosystem...Read More
While there is no concrete plan to make any specific crypto moves, an Apple Pay executive has just confirmed that the company is paying attention to the sector. Hopefully and at some point, Apple Pay will support cryptocurrency. Apple has not been very forward regarding cryptocurrency and blockchain technology in general. A recent report from...Read More
The Abyss will use Waves’ blockchain technology for building a universal marketplace of all tradable goods and in-game items offered by its partner game developers through their games. This is the first platform of its kind. Users will also be able to buy available items with Abyss tokens and sell it to others. This will...Read More
Twitter’s Jack Dorsey says the world would be better served by an autonomous open-source currency like bitcoin rather than centralized projects owned by companies. No Chance of a ‘Twitter Cryptocurrency’ Speaking to The Sydney Morning Herald, the Twitter founder declared that he had no intention of creating a Twitter cryptocurrency. Commenting on the matter, Dorsey...Read More
Offchain Labs, a New Jersey-based project developing a scaling solution for permissionless blockchains, has announced the successful Alpha release of its Arbitrum code. The company claims that the new system is capable of supporting more than 500 transactions per second, making it many times faster than Ethereum. Arbitrum has several innovative features that differentiate it...Read More
After a massive demand for its Bitcoin Futures Contract this year, the CME Group is planning to introduce Bitcoin options contracts as per the internal source. Back in December 2017 when Bitcoin was trading at its all-time high of $20,000, the Chicago Mercantile Exchange (CME) was the first to launch Bitcoin Futures contracts in the...Read More
Apple is the only mainstream tech firm to not have explicitly expressed any interest in embracing blockchain or cryptocurrencies. However, Apple is closely monitoring the space and according to one of its officials, cryptocurrency has interesting long-term potential. Apple Pay’s Vice President Jennifer Bailey told CNN Business, “We’re watching cryptocurrency.” The topic of cryptocurrencies arose...Read More
In a sign of its growing maturity, bitcoin is nearing a 3-month period with a bottom at $9000. | Source: Shutterstock The bitcoin price has held above $9,000 for a record 81 days, a feat it couldn’t manage even during the monster bull run of 2017. Although BTC remains around 50% below its all-time high,...Read More
The team behind NEO has released a suite of new tools ahead of the launch of NEO 3.0, which are expected to make it easier to build on the blockchain and encourage more developers to use the platform. Three products will be introduced. NEO•ONE provides a new coding framework for developers to quickly and easily...Read More
XRP fans have started a satirical petition calling for Ripple to increase its ‘dumping’ of XRP. Mocking the language of Ripple CEO, Brad Garlinghouse, they urge Ripple to ‘Unleash the Utility!’. This follows a less ‘tongue-in-cheek’ petition earlier this week aimed at preventing Ripple dumping billions of XRP and crashing price. A Groundswell Of Cynicism Yesterday, a Twitter user...Read More
The European Union’s AntiTrust Chief is scrutinizing Facebook’s much-publicized crypto, Libra. | Source: Shutterstock EU regulators are investigating if the Facebook Libra “cryptocurrency” poses a threat to competition by being a potential monopoly. Margrethe Vestager is the outgoing antitrust chief of the European Union. She’s gravely concerned that Libra could violate antitrust laws. EU: Facebook...Read More
As Buterin said, Ethereum 2.0 aims to run ‘tens of thousands of transactions per second’ and he is sure that the new network will facilitate a number of on-chain transactions while maintaining key aspects of decentralization and security. At the beginning of next year, the launch of the initial phase of Ethereum 2.0 is taking place....Read More
Overstock is still in the dark about the investigation US regulators launched into tZERO back in 2018, says the company’s new interim CEO. Johnson: No SEC Info Since 2018 Speaking to FOX Business in an interview reported on September 3, Jonathan Johnson said he was still waiting for information from the Securities and Exchange Commission...Read More
