At press time, bitcoin is below $10,000 and trading for just over $9,600. This is the second time this month the currency has hit such a low level. In addition, the currency has fallen by roughly $1,200 since late last night when it was trading for just shy of $10,900. Bitcoin Just Keeps Tumbling In all, bitcoin has fallen by approximately $4,000 since its high point of $13,600 in mid-June. We keep going back and forth regarding bitcoin’s volatility, and the truth is, it’s as noticeable as ever. These last two weeks have been particularly hard on the currency’s overall stamina, with President Trump first emerging from the shadows to declare that he wasn’t a fan of crypto and that it “wasn’t real money.” From there, Libra was grilled by Senate members who all stated the same thing: that they […]
Earlier today Facebook Libra met with US Senators from the Senate Banking Committee. Here are a few highlights of note from the hearing. Facebook Libra Meets with Lawmakers Again Today Facebook answered questions from concerned US lawmakers on the Senate Banking Committee. As previously covered by Bitconist, lawmakers are worried that Facebook’s Libra cryptocurrency could operate outside the regulatory oversight of authorities and also function as a safe haven for illicit criminal activity. When questioned about the intricacies of the cryptocurrency, Calibra head David Marcus said that Facebook will only integrate its Calibra cryptocurrency wallet into Whatsapp and Facebook Messenger. According to Marcus, Libra will not embed wallets from competitors but the Libra wallet will be interoperable amongst users desiring to send money between other cryptocurrency wallets. Ultimately, this means that at the moment, Facebook’s wallet will be the only […]
Dash-focused wallet MyDashWallet announced it experienced a data breach from May 13 to July 12, with the wallet provider stating that anyone who used MyDashWallet in that time frame should assume the hacker has their private keys.
During the first of two congressional hearings regarding Facebook’s Libra cryptocurrency, project lead David Marcus went as far as to say he’d be willing to take his salary in Libra after intense grilling from Senator Sherrod Brown.
Facebook is finally facing its reckoning as David Marcus, head of the company’s blockchain division and the leader of Libra, the venture’s new cryptocurrency, was grilled by Senate members who refuse to believe in Facebook’s allegedly noble financial plans. Libra: A Congressional Issue? Many people have a hard time believing in Facebook’s morality following the Cambridge Analytica scandal. Discovered in 2018, Facebook had allegedly been selling users’ private data for years to third parties for advertising purposes. Following Mark Zuckerberg’s Senate hearing last year, trust in Facebook has fallen to an all-time low. In many ways, this new “congressional step” for the social media conglomerate should serve as a huge learning experience. When you’re a company of Facebook’s size and you do anything to compromise the safety or privacy of your customers, you can bet it’s going to take a […]
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceJEDTrade, a Singapore blockchain startup, has today announced the launch of Jupiter Chain, a smart, consentable data exchange platform that enables the use of data analytics without compromising on privacy. Jupiter Chain demonstrates how blockchain technology can be put to good use in the healthcare services ecosystem, where data privacy and security is of heightened importance […]https://www.cryptoninjas.net/2019/07/16/blockchain-enabled-data-exchange-platform-jupiter-chain-launches/
Roughly a year ago, the Simple Ledger Protocol (SLP) debuted on the Bitcoin Cash (BCH) network, giving anyone the ability to mint, store, receive, and send SLP tokens. Since then there’s been a ton of tokens created on the BCH network as the simplicity of the system outpaces tokens built on alternative chains like ERC20s and sending the tokens is far cheaper than most networks as well. The following walkthrough describes how to create SLP tokens and airdrop them to your friends and family in a short space of time. Also read: Bitcoin Cash Update: Multi-Party Escrow, Vitalik Suggests BCH as Data Layer for ETH Creating an SLP Token Using Memo.cash Over the last few months the Simple Ledger Protocol, a tokenization platform built on top of the Bitcoin Cash network, has grown very popular among BCH enthusiasts. The reason […]
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceBlockstack PBC, the creator of the decentralized computing network and secure app ecosystem, today announced plans to increase monthly payouts from its developer reward program up to $1 million worth of Stacks tokens per month by May 2020. Payouts from the App Mining Program, which rewards developers who create the top-ranked applications within the Blockstack […]https://www.cryptoninjas.net/2019/07/16/blockstack-app-mining-program-to-increase-monthly-payout-to-1-million-in-2020/
Blockchain company Chainalysis – which examines how people use cryptocurrency – is the first blockchain company of its kind to make Forbes’ billion-dollar startup list. Chainalysis Has Really Made a Name for Itself Chainalysis first entered the crypto scene roughly five years ago, though it made its official mark in the space back in 2016 when it discovered several million in BTC funds that were considered long gone following the Mt. Gox fiasco in Japan. The company ultimately found the coins and established itself as one of the leading companies designed to study and analyze blockchain trends and movements. Founded by 29-year-old Jonathan Levin, the crypto entrepreneur accumulated over $8 million in revenue funds throughout 2018, but really hit the “big top” later with a funding round headed by companies such as Accel and Benchmark. Overall, the round garnered approximately […]
With the cryptocurrency market going back to green, interested parties are going back to the crypto business looking for the perfect tools to enter the field. With many platforms offering similar services, it’s difficult for the crypto enthusiast to choose a platform that could cater all of their needs. Counos is an online peer-to-peer platform that offers a wide variety of financial services to meet the most sophisticated online financial demands. With headquarters in Switzerland, this platform supplies some of the most innovative cryptocurrencies across the world. Alongside high technical and security standards of the supplied cryptocurrencies, the platform offers a significant added value to the users by maintaining a price stability policy, providing a competitive alternative to fiat currencies. With Counos Platform, users can invest safely in the digital market. This open-source and decentralized global network suggests various financial […]
House GOP Leader Kevin McCarthy says he “likes Bitcoin” and suggested that the government should “start using blockchain”. Is Facebook Building a Shadow Bank? Since revealing the concept for it’s new Libra cryptocurrency, Facebook has again become a topic of deep discussion and contention. Various governments around the world have expressed concern over the company operating what some have labeled a shadow bank and many are resorting to using the age-old trope that cryptocurrency facilitates illegal activity as a defense. There are hardly any lawmakers issuing commentary supportive of Libra and at the time of writing, the US Senate Bank Committee is meeting with Facebook executives to discuss the intricacies of the payments oriented cryptocurrency. Republicans Like Bitcoin’s Decentralization Earlier today, during an interview with CNBC, Republican House Minority Leader Kevin McCarthy admitted that he likes Bitcoin and the decentralized […]
A weather app is generating 96 percent of total transactions on the Bitcoin SV blockchain, according to CoinMetrics. The Massachusetts-based data analytics firm said in a report published today that “Weather SV” wrote a majority of transactions on the Bitcoin SV blockchain. It arrived at the conclusion after studying OP_RETURNS, a script that allows users to write arbitrary data onto a public ledger. CoinMeterics noted that Weather SV was using the maximum OP_RETURNs to record information on the BSV ledger. “On July 14th, over 96% of BSV transactions included an OP_RETURN,” found CoinMetrics. Bitcoin SV Transactions with OP_RETURN | Source: CoinMetrics Bitcoin SV Transactions ‘Growing’ The data typically represents an app’s contribution to the Bitcoin SV network. A perfect example is bitcoin, the original cryptocurrency itself. In its core avatar, bitcoin is an app that runs on a public ledger of the […]
Despite the market for crypto exchanges being busier than ever, 2019 has seen a fresh glut of new trading platforms launch their services, with a few more also […] The post What Are 2019’s New Exchanges Bringing to the Market? appeared first on UseTheBitcoin.
The Financial Conduct Authority, the UK’s financial watchdog, has posted two job listings seeking candidates with in-depth crypto knowledge as the agency looks to fill out its Intelligence Services Team.
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceSwitcheo, a decentralized exchange (DEX) currently integrated with three blockchains including NEO, EOS, and Ethereum, now has a fine solution to the problem of decentralized exchanges and the considerable difficulty passed through by customers who are looking to begin trading on a DEX. The advantage of a DEX is to enable direct, peer-to-peer trading between […]https://www.cryptoninjas.net/2019/07/16/new-switcheo-account-improves-dex-user-experience-and-security/
While Nasdaq Inc. and Citigroup Inc. saw a burst of blockchain pilots that produced positive results over the last four years, Wall Street has yet to fully adopt the technology, with some believing the price of full adoption still outweighs the benefits.
India is preparing to do the impossible by banning cryptocurrencies such as Bitcoin in any form, a newly leaked document revealed this week. Alleged Draft Law ‘Prohibits’ Bitcoin & Crypto Uploaded to sharing site Scribd by local blockchain and tech lawyer, Varun Sethi, the document allegedly shows the preliminary text of a new law designed to “prohibit the use of cryptocurrency.” The event adds fuel to existing speculation that India’s government and central bank wish to outlaw the use of cryptocurrencies beyond their control. If the document is genuine, it would confirm that any kind of activity involving bitcoin and altcoins will be illegal. “No person shall mine, generate, hold, sell, deal in, issue, transfer dispose of or use cryptocurrency in the territory of India,” one of the statutes reads. Sethi described the document as “the proposed Banning of Cryptocurrency […]
In the International Monetary Fund’s (IMF) newly published FinTech note titled “The Rise of Digital Money,” the IMF states that banks will face “tough competition” and may even see their services surpassed by tech firms issuing digital money and stablecoins.
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceKomodo, a multi-blockchain technology platform, today announced that Antara, an end-to-end “Smart Chain” development framework, has gone live. Antara allows developers to break away from the limitations of today’s single-chain blockchain platform architecture by enabling the creation of simple, scalable, modular, Smart Chains that are secured using the Bitcoin network through Komodo’s Delayed Proof of […]https://www.cryptoninjas.net/2019/07/16/komodo-antara-framework-for-business-ready-smart-chains-now-live/
Ron Paul, a recognized libertarian politician in the United States, has defended Bitcoin (BTC) and cryptocurrencies amid criticism from U.S. officials. On July 15, Steven Mnuchin, the U.S. […] The post Ron Paul Supports Bitcoin Amid Criticism From U.S. Officials appeared first on UseTheBitcoin.
Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in May are bringing new focus to this loophole. A group of eight Spanish and Latin American individuals have been arrested, along with several of their associates, for using crypto ATMs to fund drug traffickers in Columbia. While large cryptocurrency exchanges worldwide are subject to increasing oversight and regulation, bitcoin ATMs often fall in legal gray areas, prompting debate amongst regulators and crypto users alike. Also read: Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity Trouble in Vancouver Back in June, police in Canada commented that the convenient crypto exchange hubs effected by bitcoin ATMs are “an ideal money-laundering vehicle.” According to a report from the Vancouver P.D. to the police board in February: The other issue with unregulated Bitcoin […]
Japanese crypto exchange operator Bitpoint pledged to compensate the victims of the recent hack. The company plans to refund about $30 million worth of cryptocurrency. About 50,000 Clients Affected by the Hack On Tuesday, Bitpoint published an update on its website, revealing the amounts of stolen crypto. Also, President Genki Oda held a press conference on the same day, apologizing for the situation. He unveiled that about 50,000 Bitpoint users saw their crypto funds stolen. On Friday, we reported that Bitpoint announced that it had lost 3.5 billion yen worth of cryptocurrency, which is the equivalent of $32 million based on the Friday currency rates. Yesterday, the company said that another $2.3 million worth of crypto missing. The recently discovered missing funds were stolen from exchanges outside Japan, which use Bitpoint’s trading platform. At the press conference, Bitpoint representatives voiced […]
Cryptocurrencies which provides users with privacy and anonymity are often looked down upon by politicians and other officials. Especially in the US, privacy coins such as Monero and ZCash might face an uphill battle in the future. The most recent White House press conference only confirms these currencies are designed for criminals and no one else. The Stigmas Remain For quite some time now, the term “privacy coins” is associated with illegal activity on the internet and in the real world. This is primarily because of the privacy and anonymity features these currencies tend to provide to its users. In the case of Monero, for example, it is impossible to determine who owns how many coins, or who is sending and receiving transactions. This makes it a thorn in the side of government officials and financial experts, as they only […]
Over the last 6 Days Bitcoin has seen a 25% pull-back to visible range support around $9,800 from the recent high of $13,200. During this pull-back, another falling wedge has formed visible on all timeframes and could propel price levels back up towards visible range highs over the coming weeks. Bitcoin 4 Hour Analysis On the 4 Hour chart, we can see the two falling wedges that have formed within the same price range as each other. Maxx Momentum indicator also shows similarities as momentum turns red throughout the later stages of the falling wedge towards the breakout. Both the 50MA and 200EMA have been gradually moving closer to each other over the last few weeks showing that the current trading range for BTC is very strong could very well be a period of consolidation before another big move to […]
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceCrypto.com, a cryptocurrency payments platform, announced today that it has welcomed OS Limited (OSL) as its first settlement agent along with Paxos and TrustToken as stablecoin partners for the recently launched Crypto.com Chain. The Crypto.com Chain is the native blockchain powering Crypto.com Pay, which allows users to pay or get paid in cryptocurrency. Settlement agents […]https://www.cryptoninjas.net/2019/07/16/crypto-com-payment-blockchain-welcomes-osl-as-first-settlement-agent/
UK Chancellor of the Exchequer, Philip Hammond, appeared on CNBC’s Squawk Box this week giving the UK government’s perspective on Facebook’s Libra ‘cryptocurrency’. Libra Could Both Transform And Harm the UK U.K. Chancellor of the Exchequer @PhilipHammondUK explains why governments are so worried about Facebook’s Libra $FB #btc #bitcoin pic.twitter.com/SYFggQVncw — Squawk Box (@SquawkCNBC) July 15, 2019 When Hammond was questioned as to his ‘take’ on Libra, he was quick to emphasise its potential, both positive and negative. It’s potentially a positive, transformative step, but it also has the potential to deliver great risk into the system. He voiced concerns that if not properly regulated, Libra could become another channel for money laundering, organised crime, and terrorism. So pretty much like every other financial tool out there. Although interestingly, this is an opposite concern of many in the crypto community, […]
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceSingapore based cryptocurrency exchange COSS, today announced it has implemented a negative maker fee program for all its traders. The implementation comes days after the exchange added 0% maker fees – waiving off all trading fees for those acting as market makers of orders during trading. COSS is popular among its users for being extremely community-oriented. […]https://www.cryptoninjas.net/2019/07/16/crypto-exchange-coss-introduces-negative-maker-fees/
Popular BCH and BTC wallet joins Foundation for Interwallet Operability (FIO) to improve crypto usability across blockchains DENVER, CO — 16 July 2019: Bitcoin.com wallet, the official wallet of Bitcoin.com, has joined the Foundation for Interwallet Operability (FIO) in a move that will assist the wave of new users who are expected to join cryptocurrency markets as a result of June’s recent coin and token price increase. As the newest member of the FIO, Bitcoin.com wallet joins a consortium of 23 other leading companies in the crypto ecosystem, including Binance’s Trust Wallet, BRD Wallet, ShapeShift, MyCrypto, Edge Wallet and Coinomi Wallet. The FIO Protocol is a decentralized service layer that enables several major usability features across any blockchain, token or coin. This includes functionality that puts an end to the need for a 64-character gibberish alphanumeric string to transfer crypto, […]
Bitcoin markets saw their biggest ever change in the week after US President Donald Trump said he was “not a fan,” new data suggests. ‘Crypto Fear And Greed Index’ Goes Maximum Fear In its latest edition published July 16, the so-called ‘Crypto Fear and Greed Index’ tracked sentiment swings across the cryptoeconomy over the past week. Compared to any time since the index began in February 2018, the seven days leading up to Tuesday constituted the most volatile ever, leading to new conclusions about the impact of Trump’s words. The Crypto Fear and Greed Index uses several weighted factors to arrive at a value between 0 and 100. The lower the number, the more fear and less greed there are in markets, while higher readings mean markets are driven by greed and are not bearish. On Tuesday, the number was […]
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset Sourceæternity Ventures, the investment arm of the æternity Blockchain, has officially announced the funding in the 4 seed-stage startups from the second edition of the Starfleet accelerator program. Each of the 4 teams will receive a funding of $100,000, the maximum amount offered, a certain sign for the excellent quality of the selected projects and […]https://www.cryptoninjas.net/2019/07/16/aeternity-ventures-announces-400%d0%ba-funding-in-4-blockchain-projects/
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceRadware, a leading provider of cybersecurity and application delivery solutions, today announced that its Cloud Workload Protection Service now identifies and mitigates coin-mining malware known as ‘crypto-jacking’ operations taking place in customers’ public cloud environments. Malicious cloud-based crypto-jacking activity is increasingly a threat to organizations that run workloads within public cloud environments. According to IBM’s […]https://www.cryptoninjas.net/2019/07/16/radwares-cloud-workload-protection-service-now-include-crypto-jacking-detection/
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceLuxTrust, a digital trust services provider in Luxembourg, and Cambridge Blockchain, a leader in digital identity enterprise software, today announced the private beta-testing phase for privacy-protecting European identity platform IDKEEP. Designed to resolve identity and personal-data related challenges faced by many digital service providers — such as banks and financial services, insurance, and healthcare, among […]https://www.cryptoninjas.net/2019/07/16/luxtrust-and-cambridge-blockchain-announce-beta-for-privacy-identity-platform/
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceVertalo, a digital asset and blockchain technology firm, announced they are working with Hedera Hashgraph to integrate their investor relations and cap table management platform with the Hedera public distributed ledger. Vertalo’s distributed ledger platform enables issuers and broker-dealers to onboard investors for any private placement, integrates with KYC/AML, and creates a cap table that utilizes […]https://www.cryptoninjas.net/2019/07/16/hedera-hashgraph-to-integrate-vertalos-cap-table-and-investor-relations-platform/
BitMEX has finally released the unedited video of its CEO, Arthur Hayes, debating noted economist, Nouriel Roubini, at the Asia Blockchain Summit earlier this month. The 53-minute long discussion ventured into uncomfortable territories of both the bitcoin and mainstream finance. While Roubini kept his focus on the criminal nature of cryptocurrencies and their evangelists, Hayes projected them as a means to promote financial privacy. Offering Risky Leverage Services Roubini opened with a monologue about the “sh***y behavior” of the cryptocurrency industry as he spilled insults over Hayes for running an unregulated cryptocurrency exchange that offers highly risky leverage services. The economist compared BitMEX with businesses that cash on the stupidity of non-accredited, inexperienced investors. He added that BitMEX is an unregulated cryptocurrency exchange that offers highly risky leverage services. They do not offer 5 times leverage, they don’t offer 10 times […]
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceApplied Blockchain, one of the UK’s leading developers of distributed ledger technology and smart contracts, has announced the alpha release of K0, a zero-knowledge proof library that has been in development for the better part of the past year. K0 (pronounced “K-zero”) sets out to generate private digital assets compatible with multiple enterprise blockchains. The […]https://www.cryptoninjas.net/2019/07/16/applied-blockchain-releases-zero-knowledge-proof-library-for-enterprise-blockchains/
Brad Garlinghouse, the CEO of Ripple, one of the largest crypto companies in the market, said that he talked with the U.S. secretary of the treasury about virtual […] The post Brad Garlinghouse Talked With Steven Mnuchin About Crypto Regulations appeared first on UseTheBitcoin.
CryptoNinjas – Bitcoin, Cryptocurrency & Blockchain Asset SourceIn the June 2019 edition of the SFOX monthly volatility report, the SFOX research team has collected price, volume, and volatility data from eight major exchanges and liquidity providers to analyze the global performance of 6 leading cryptoassets — BTC, ETH, BCH, LTC, BSV, and ETC. The following is a report and analysis of their […]https://www.cryptoninjas.net/2019/07/16/sfox-crypto-market-volatility-report-june-2019-mildly-bullish/
Tron price declined heavily after it broke the key $0.0310 support level against the US Dollar. TRX price traded below many supports, including $0.0305, $0.0280 and $0.0250. There is a major declining channel forming with resistance near $0.0265 on the 4-hours chart (data feed via Bitfinex). The price remains at a risk of more losses if there is a downside break below the $0.0235 level. TRON price is under a lot of selling pressure against the US Dollar and bitcoin. TRX price may continue to slide if it fails to recover above the $0.0265 and $0.0280 resistances. Tron Price Analysis There was a significant downward move in TRON price after it broke the $0.0310 support against the US Dollar. The TRX/USD pair broke many supports near $0.0300 to move into a bearish zone. Moreover, the price even traded below the […]