December 2, 2019

A Plan to Decentralize Bitcoin Mining Again Is Gaining Ground

New code for mining pools could fix problems associated with transaction censorship and more, say its supporters.
December 2, 2019

How the Upcoming Bitcoin Halving Compares to Previous Cycles

For those standing very close to the crypto charts, it might be easy to get discouraged by the gloomy nature of recent markets. However, new comparisons of the current halving cycle to those in the past have emerged and might put some wind back into the sails of traders, hodlers, and cryptocurrency enthusiasts in general. Also Read: As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation Miners Unfazed as Halving Approaches Though crypto prices took a big dip in November, with BTC falling 30% from a high of $9,486 to a bottom of around $6,575, hash rates on both the BTC and BCH chains have held relatively steady as the next block reward halving approaches. Data also points to miners hoarding coins in view of the upcoming subsidy reduction, as the event is generally viewed as price favorable. In […]
December 2, 2019

P2P Bitcoin Marketplace Paxful Set to Surpass LocalBitcoins in Volume

P2P Bitcoin marketplace Paxful breaks new all-time-high in weekly traded volume as LocalBitcoins sees a shakier trend
December 2, 2019

CryptoBridge Exchange Closes Down, Hints at Relaunch

The CryptoBridge exchange, aiming to offer multiple altcoin projects through decentralized trading, is closing down. The exchange still has hold of some customer deposits, and will release the digital funds up until December 15. CryptoBridge Immediately Called for Traders to Withdraw Funds The shutdown of CryptoBridge is happening in an orderly manner, and there is no specific reason pointed for the shutdown. CryptoBridge is fully licensed and complies with European Union law, and will require KYC for distributing the remaining coins and tokens upon it closure. The exchange will operate its servers until December 15, with no chance of withdrawals after that time. The closing of CryptoBridge arrives after smaller exchanges were pressured by the loss of volumes for obscure digital coins. Multiple factors led to the shutdown, the team explained. We put in a lot of hard work and […]
December 2, 2019

Vertcoin 51% Attack ‘Motive Uncertain’ as Hackers Lose up to $4,000

Vertcoin hackers fail to steal more as Bittrex closes down wallet
December 2, 2019

Distributed data service Bluzelle to integrate Cosmos

Bluzelle, a distributed key-value store edge caching service providing high-performance and high availability, has announced it will be pushing back its ‘Curie’ mainnet launch to the end of March 2020. This is being done in order to integrate the interoperable cross-blockchain Cosmos network. The integration of Cosmos enables Bluzelle to expand from database offerings to […] CryptoNinjas: Distributed data service Bluzelle to integrate Cosmos
December 2, 2019

Is Technical Analysis Prophetic or Preposterous? We Asked 7 Crypto Traders

Technical analysis, or the art of divining future price movements from historical data, divides opinion in the crypto world. So does does it offer real insight into the markets?
December 2, 2019

Crypto wallet app Eidoo adds instant SEPA transfers for European users

Eidoo, a cryptocurrency wallet platform with a built-in exchange, announced today that it has enabled instant SEPA transfers for European users. SEPA stands for the Single Euro Payments Area. It is an established system for cross-border Euro bank transfers between countries in the Eurozone. SEPA aims to make these cross-border transfers around Europe as fast […] CryptoNinjas: Crypto wallet app Eidoo adds instant SEPA transfers for European users
December 2, 2019

‘Hodlers Are Insane’ — 64% of Bitcoin Supply Has Not Moved Since 2018

2019 bull market made hodlers save, not sell, says data
December 2, 2019

Guy Who ‘Lost’ 4 BTC on Lightning Network Has Recovered Most Funds

One month on, a Redditor who “lost” 4 Bitcoin on the Lightning Network says the community offered “huge support,” helping him recover most of his funds
December 2, 2019

Halving Will Be ‘Non-Event’ for BTC Price: Morgan Creek Digital Exec

Bitcoin’s May 2020 block reward halving won’t affect price, says Morgan Creek
December 2, 2019

Data Scientist Uses Deep Learning to Predict BTC Price in Real-Time

LSTM neural networks can purportedly be used to predict crypto prices in real-time, demonstrates data scientist
December 2, 2019

Crypto in Africa: Opportunities and Challenges, Explained

The achievements, the opportunities, the challenges: When it comes to crypto and blockchain in Africa, there’s lots to discuss #Sponsored
December 2, 2019

DGX token now listed on Vietnam crypto exchange VCC

Digix, creator of the world’s first asset-backed digital gold token, today announced the listing of its gold-backed token, DGX, on the Singapore and Vietnam based crypto exchange VCC. The listing of DGX on VCC will allow Vietnamese customers to purchase the tokens, which are pegged to investment-grade gold bullions, using Vietnamese Dong—substantially expanding the DGX […] CryptoNinjas: DGX token now listed on Vietnam crypto exchange VCC
December 2, 2019

Ripple Price Analysis: XRP Near Crucial Juncture, Fresh Decrease Likely

Ripple price is struggling to climb above the $0.2300 and $0.2320 resistances against the US dollar. The price is currently trading near the $0.2200 support area and it could continue to move down. There is a major bearish trend line forming with resistance near $0.2250 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The price is likely to accelerate lower if it continues to struggle near $0.2300. Ripple price is facing an increase in selling below $0.2300 against the US Dollar. XRP price might restart its decline below the $0.2200 support in the near term. Ripple Price Analysis After a strong decline, ripple price found support near the $0.2000 area against the US Dollar. XRP/USD traded as low as $0.2004 and later recovered above the $0.2200 resistance area. Moreover, there was a break above the $0.2300 […]
December 2, 2019

Is Japan Following China with Central Bank Crypto Plans?

China is relentlessly pressing ahead with its blockchain drive and central bank crypto but it is not the only nation in the region riding the digital asset train. Japan’s central bank is also actively researching the legalities of a state-controlled cryptocurrency. Japan Researching Crypto Yen A recent paper from the Bank of Japan has delved into the legalities of issuing a central bank digital currency (CBDC). The development comes as neighboring China has widely publicized its ambitions to launch its own digital currency electronic payment (DECP) sometime next year. The research lab explores findings in a September report detailing a legal issues study on the CBDC. The big question it asks is can the Bank of Japan issue crypto. Criteria such as transaction conditions, limitations of usage, currency issuance, and money laundering prevention have all been examined. The research has […]
December 2, 2019

Vitalik Buterin Supports Petition to Free Arrested Blockchain Dev

Ethereum co-founder Vitalik Buterin supports a decision to free arrested blockchain dev, Virgil Griffith, who is accused of providing “highly technical information” to North Korea
December 2, 2019

Japanese Exchange BitFlyer Adds XRP Trading Support

The cryptocurrency exchange BitFlyer has just added support to XRP. This would allow its large number of users to buy, sell and hold XRP and diversify their portfolios.  […] The post Japanese Exchange BitFlyer Adds XRP Trading Support appeared first on UseTheBitcoin.
December 2, 2019

ProximaX blockchain adds Abundent as new systems integrator partner

ProximaX, a next-generation integrated and distributed ledger technology infrastructure platform solution powered by blockchain technology, announced it has signed up Abundent as a systems integrator partner. From developing applications and solutions for clients to automating business processes including the use of artificial intelligence, this collaboration will see Abundent using ProximaX Sirius to store data derived […] CryptoNinjas: ProximaX blockchain adds Abundent as new systems integrator partner
December 2, 2019

Ukraine crypto exchange Kuna launches quick invoice generation tool

Kuna, a Ukraine-based bitcoin and cryptocurrency exchange, has announced the launch of their new my.kuna.io service. With it, users can set invoices in crypto and fiat, collect donations, and more in a quick way. Anyone can send money with the new feature without a Kuna account. Just find out the Kuna ID of the user […] CryptoNinjas: Ukraine crypto exchange Kuna launches quick invoice generation tool
December 2, 2019

Latest Bitcoin Trends Which Are Revolutionising The Industry

Bitcoin (BTC) was first created by independent programmers back in 2008. In the last few years, the market cap reached more than $138 billion and became the most popular digital currency to date. Purchasing and selling of this currency are possible through different online exchange platforms and even ATMs. Since the development of this currency more than a decade ago, the value of one bitcoin showed highly volatile behaviors. For instance, if you started to be a Bitcoin trader in 2017, you would’ve experienced a significant surge in its value in just a couple of months. Various Bitcoin Adoptions Since the rise of Bitcoin, it also has gained a few competitors. This urged Bitcoin to create new trends so that it’ll still be able to compete in the growing industry. With that, the currency was adopted on several online payments […]
December 2, 2019

Advanced Tezos blockchain explorer tezblock emerges to V1

tezblock, an advanced block explorer for the Tezos blockchain, an open-source platform for assets and applications backed by a global community of validators, researchers, and builders, has launched version 1 of its platform. Emerging from its MVP state, the block explorer was created by the team of AirGap, a project that enables users to turn […] CryptoNinjas: Advanced Tezos blockchain explorer tezblock emerges to V1
December 2, 2019

Crypto exchange PDAX partners with UnionBank of the Philippines

Philippines-based bitcoin and cryptocurrency exchange PDAX (Philippine Digital Asset Exchange), which opened up to the public this past summer, announced it has formed a partnership with one of the leading financial institutions in the country, Union Bank of the Philippines (UnionBank), through their fintech subsidiary, UBX. The strategic partnership aims to support and bring tokenized […] CryptoNinjas: Crypto exchange PDAX partners with UnionBank of the Philippines
December 2, 2019

Skrill Now Lets You Swap BTC for BCH

Online payments service Skrill has introduced a new feature allowing users to directly exchange cryptocurrencies. The crypto-to-crypto option gives you the opportunity to use bitcoin core (BTC) stored in your wallet to buy and sell eight other supported cryptocurrencies, including bitcoin cash (BCH). Also read: Pornhub Suggests Crypto Payments After Paypal Censors Model Payouts Buy Crypto With Crypto Skrill, formerly known as Moneybookers, is popular in Europe where it’s used for online payments with 15,000 merchants as well as international money transfers. The U.K.-based e-wallet provider is one of those established payment systems that have opened to decentralized digital currencies in the past couple of years. The company recently tweeted: Buying and selling crypto with Skrill just got even better. Introducing crypto-to-crypto – a new feature that lets you use your bitcoin balance to buy and sell the other 8 […]
December 2, 2019

Bancor Aims to Increase the Number of DeFi Users by 600%

The world of decentralized finance has captivated a large audience. Pushing this concept to new heights is what the Bancor team aims to achieve. It is certainly true that decentralized finance is gaining traction globally. A new Airdrop by Bancor This business model follows the concepts of decentralized exchanges and decentralized applications in the cryptocurrency industry. Improving upon the existing liquidity will prove challenging, as it is still a rather niche market.  Bancor seemingly has big plans in this regard. As the leading decentralized liquidity network, Bancor will organize a new airdrop in the coming weeks. The objective is to create ETHBNT tokens and distribute those to 60,000 individual wallet owners. These tokens are then to be used to add liquidity to a decentralized exchange. Bancor expects this move to get more people excited about decentralized finance in general. As […]
December 2, 2019

The Jim Bell System

As I write this article on July 3, 2002, I am already hearing out my window the occasional pops of micro-explosives enthusiasts getting a head start on their annual excuse to play with things that go bang and supposedly celebrate their freedom. Tomorrow, libertarians across the country will use the holiday as an opportunity to grouse to disinterested relatives around the barbecue grill about how little freedom we actually have left, or really ever had. LP lifers often say there is no magic bullet to get the kind of society we want, and it will take decades of hard work in the political trenches, and of course, many many donations to the party, before we ever see progress. Conversely, I propose that a nutty guy named Jim Bell has already designed the magic bullet; it just needs to be forged […]
December 1, 2019

IDAX Exchange’s Private Access Keys Allegedly Stolen

Another cryptocurrency exchange has been the subject of a potential theft. This time around, the victim is IDAX, and its CEO is accused of stealing the private keys that allows access to customer funds. IDAX: The Latest Victim of Crypto Thievery If this doesn’t sound familiar, it should. The situation is basically a play on what happened earlier this year with Quadriga CX, the notorious cryptocurrency exchange in Canada that’s been responsible for the loss of roughly $200 million crypto funds. The head honcho of Quadriga – Gerald Cotten – passed away due to Chron’s Disease while working abroad in India. Following reports of his death, it was revealed that Cotten was the only person in control of the keys that permitted access to customers’ money. This means that nobody with Quadriga could gain control of or withdraw their funds. […]
December 1, 2019

3 Key Metrics Suggest Bitcoin Price Has Completed Its Macro Bear Cycle

Several key metrics like the RSI, MACD, and CME Futures gap point toward a bullish rally for Bitcoin price over the coming week
December 1, 2019

Monero Developers Complete the RandomX Upgrade

The Monero developers have successfully completed another network upgrade. This particular update is of keen interest, as it effectively introduces RandomX as a new algorithm. Some crypto enthusiasts may recall how the Monero community was funding a new project. Monero Keeps Forging Ahead The money would be used to have an independent of the RandomX protocol take place and collect valuable feedback from it. It now appears that process has been completed successfully and yielded satisfactory results to boot.  The algorithm has not just been audited, it is now also an official part of Monero the cryptocurrency. As part of this new algorithm, the altcoin remains ASIC resistant, something many other coins have given up on completely.  This will also introduce some core changes for XMR miners, although they should not run into any unforeseen problems. The Reddit community seems […]
December 1, 2019

Despite Bitcoin’s Price Drop, High-Powered Mining Rigs Still Profit

Since BTC prices slid below the $8K price range, mining operations have been making less revenue. On Sunday, December 1, only 13 mining rigs with an average electricity cost of $0.12 per kWh are profiting at current prices. Of course, miners from China and other regions pay far less per kWh but older mining rigs currently struggle for profits. Also read: Gocrypto SLP Token Starts Trading on Bitcoin.com Exchange High-Powered Mining Rigs Are Still Profitable at Current Prices, Older Devices Not So Much Mining the SHA256 algorithm is still profitable, no matter which coin you mine, whether it be BTC or BCH. For instance, on Sunday it’s between 0.4-3% more profitable to mine on the Bitcoin Cash blockchain according to Coin Dance statistics. During the last three hours, the BCH hashrate has been around 4.14 exahash per second (EH/s), while […]
December 1, 2019

How to buy Ripple’s Native Crypto Token XRP?

Ripple’s XRP saw its value soar parabolically to an all-time high of almost $ 3.5. This happened during the massive bull run of 2017. Since then the token has lost 92% of its value.  Even after the drastic depreciation in value, XRP is the 3rd largest cryptocurrency by market cap. Currently there are around 43 billion coins in circulation.  According to Ripple’s policies, there will only be 100 billion XRP ever. All XRP tokens are meant to supplement payments and business transactions on the RippleNet.  It makes sense for you as a potential XRP buyer to know that the coin’s existence is independent of RippleNet. The technology’s potential is promising with respect to redefining monetary settlements between banks, payment processing companies, and other financial institutions.  Because of it’s market ranking and dirt cheap price, Ripple’s token still continues to generate […]
December 1, 2019

U.S. Man Arrested Over North Korea Crypto Seminar

A U.S. man has been arrested for teaching North Korea about blockchain. According to a press release, Virgil Griffith – a resident of Singapore but a citizen of the United States – has been charged with violating international restrictions by traveling to North Korea and providing a lecture and advice regarding blockchain technology and how it can be used to violate present sanctions. North Korea: Using Blockchain for Illicit Purposes? North Korea, a nuclear state, has had a very controversial relationship with cryptocurrency in the past. The country has been accused of engaging in cyberattacks on South Korea and neighboring regions as a means of garnering cryptocurrency. It has also been accused of utilizing digital funds to empower its nuclear program. The country is home to some of the world’s biggest digital hacking and theft groups including Lazarus. FBI assistant […]
December 1, 2019

$50M of ETH Stolen, ‘Rare Opportunity’ for BTC: Hodler’s Digest, Nov. 25–Dec. 1

In this week’s Hodler’s Digest, Upbit targeted in devastating hack, cryptojacking malware found on YouTube, and Bitcoin’s “rare opportunity” for December
December 1, 2019

The ECB: We’ll Make Our Own Digital Currency

Not everyone is pleased with bitcoin, but now the European Central Bank (ECB) – which described bitcoin as the “evil” spawn of 2008’s financial crisis – says it’s on the verge of doing something about it. The ECB and Its Digital Plans What is this plan? To develop a new centralized cryptocurrency issued by the bank. This isn’t much of a plan when you really think about it considering just how many countries and governments say they’re looking to exact the same steps. China, for example, recently passed a law that would allow it to create a digitized version of the yuan, while the Fed in the United States says that it’s also considering plans to develop a new cryptocurrency. The bottom line is that all these institutions are terrified of things like Libra, the new cryptocurrency project being issued […]
December 1, 2019

Swiss Licensed Crypto Bank Expanding Into 9 Markets

A fully operational crypto-focused bank based in Switzerland is expanding into nine other markets. With a banking and securities dealer license from the Swiss Financial Market Supervisory Authority, its services include crypto custody, trading, and asset management. The bank has launched its investment business including a cryptocurrency index. Also read: Swiss Crypto Bank SEBA Launches With Range of Services International Expansions SEBA Bank AG, formerly SEBA Crypto AG, is a crypto-focused bank headquartered in Zug, Switzerland. The bank recently became fully operational and started onboarding Swiss clients after obtaining a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA). The bank has announced that it is extending service to “clients from selected foreign jurisdictions” in December. A spokesperson for the bank told news.Bitcoin.com that the selected jurisdictions are the U.K., Italy, Germany, France, Austria, Portugal, Netherlands, […]
December 1, 2019

Why Tether Will Continue to be a Hit Amongst Crypto Traders?

Tether (USDT) is still the stablecoin of choice for most crypto traders. Despite criticism about Tether, Inc. not having complete fiat backing, as well as the banking troubles of iFinex, the coin is still widely used. USDT Keeps Market Share Despite Alternative Stablecoins The market share of USDT remains above 97%, even as more stablecoins aim to challenge the asset’s position. But it turned out that fully fiat-backed stablecoins are used as a fiat off-ramp, and their supply is diminishing. Despite expectations of USDT crashing, so far Tether has managed the coin’s supply. The worst that befell USDT was a drop to $0.85 during a panic episode in October 2018. But even after that, USDT was still used. In 2019, Tether expanded its supply from around 2 billion tokens to above 4.108 billion. Moreover, the Omni-layer coins were moved to […]
December 1, 2019

Top-5 Cryptos This Week: ATOM, TRX, ADA, EOS, XMR

The top performers of the past seven days indicate buying at lower levels. At what levels will they signal a trend change? Let’s analyze the charts
December 1, 2019

‘In Small Steps’ China Cuts Benchmark Interest Rates

Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently to encourage bank lending and borrowing in the private sector. With a brewing liquidity crisis, however, not all effects might in the end turn out to be desirable. And also, does China have the money? Also read: Another Bank Run Highlights China’s Brewing Financial Crisis Key Loan Rates Lose 5 Basis Points The People’s Bank of China (PBOC) cut a key interest rate last week, part of continuous efforts to shore up the economy. The Chinese central bank lowered the its one-year loan prime rate by just five basis points, true to its strategy to loosen monetary policy in incremental steps. The benchmark rate, state-run lenders were instructed to take […]
December 1, 2019

US Lawmakers Want to Brand Libra a Security, Association Disagrees

Will Libra be able to operate in the U.S. if Congress classifies stablecoins as securities?
December 1, 2019

US Stock Markets to Have a Slow 2020, Will Investors Turn to Bitcoin and Crypto?

The US stock market rally in 2019 surprised skeptics, as indexes continued to surge despite underwhelming performance and setbacks for the FAANG stocks. But Wall Street pundits are predicting that 2020 will be sluggish. Will Bitcoin and crypto markets get all the attention then?  S&P 500 Expected to Deliver Single-Digit Returns 2020 may be the year when the US stock markets lose their spring, with less probability of repeating the performance of 2019, reported the Wall Street Journal. The past year saw the S&P 500 move up 25%, on an aggressive monetary policy that lifted optimism, as well as a potential breakthrough on the US-Chinese trade talks. But the bull market that formed last year may be much less decisive in 2020. S&P 500 is now above 3,140 points, mostly matching the early 2019 predictions. Stocks in 2020 may return […]
December 1, 2019

PODCAST: Altcoins and Ancient History with Litecoin’s Charlie Lee

The hosts are talking network effects, ad-hoc audits and more with early Bitcoin developer and Litecoin creator Charlie Lee.
December 1, 2019

1 Billion XRP Worth $225M Released from Escrow; Still OK to Hold Ripple’s Token?

Ripple, Inc. unlocked its monthly escrow, raising more questions about the performance of XRP. Over the course of 2019, the token has underperformed, also losing hopes of an end-of-year rally. XRP Long-Term Holding Still Won’t Pay XRP is still down around 30% this year, as 2019 nears its end. The latest unlocking of the scheduled escrow tranche releases 1 billion coins. It is uncertain how many of them would be distributed or sold by Ripple. 1,000,000,000 #XRP (225,092,032 USD) unlocked from escrow at Ripple Escrow wallet Tx: https://t.co/mnDgiG81ln — Whale Alert (@whale_alert) December 1, 2019 The selling may happen on OTC markets, but in any case, there is a large supply of coins and little demand beyond speculative trading and some limited testing by banks. Still, at near rock-bottom prices, XRP invited some buyers to hold the asset, hoping for […]
December 1, 2019

Sunday Digest: Bitcoin Price And Other Crypto News

China announced that it was introducing facial scans for mobile phone users in an attempt to further monitor its citizens to ensure real identities are used online. We asked if the proposed Crypto Yuan will also be a tool for mass surveillance. Bitcoin Price Well in terms of bitcoin price that week could have gone a lot worse. Although of course, it could also have gone a lot better. The week opened at around $7200 and continued its downward trend from the end of the week before. Prices dipped to as low as $6600, prompting some to forecast further losses. Bitcoin had other ideas though and bounced straight back up to the $7.2k level. Meanwhile, the Bitcoin protocol received an upgrade, which was proclaimed ‘nuclear war proof‘. Prices then started to pump midweek, heading up to $7.5k before eventually topping out […]
December 1, 2019

Bitcoin Price Retests $7.3K as Analyst Eyes New Bullish Futures ‘Gap’

Bitcoin could be preparing to fill $7.8K futures “gap”
December 1, 2019

Microsoft to Turn 1980s Gamebook Series Into Blockchain Card Game

A new blockchain card game based on an 80s best-selling gamebook is being developed with help from Microsoft
December 1, 2019

Trump Isn’t Sold on Bakkt CEO Kelly Loeffler Becoming US Senator

Georgia’s Governor is expected to appoint Bakkt’s CEO for a United States Senate seat next week
December 1, 2019

Georgia Should Provide Better Information on Crypto Mining Activities Says the IMF

The International Monetary Fund (IMF) is requesting Georgia to provide better information from cryptocurrency mining activities.  Georgia is one of the countries with the largest number of cryptocurrency […] The post Georgia Should Provide Better Information on Crypto Mining Activities Says the IMF appeared first on UseTheBitcoin.
December 1, 2019

What the HEX: A Look at Richard Heart’s Controversial New Crypto

Richard Heart is pitching his new controversial crypto HEX as the first high-interest blockchain certificate of deposit
December 1, 2019

The Jim Bell System Revisited

Let me re-emphasize that I have neither the knowledge nor the will to implement this system. I certainly don’t like the State, but I would rather concentrate my energies on constructive rather than destructive solutions. That said, I still think governments everywhere are going to be staring down the barrel of an encrypted gun in the near future, and this article attempts to explain why, in response to numerous objections received since my last article. **This following article is an opinion piece written in 2002 by the libertarian author Robert Vroman. Vroman is well known for his editorial work writing for anti-state.com. ‘The Jim Bell System Revisited’ first published on anti-state.com on August 15, 2002, in response to “The Jim Bell System” debate. Check out Bob Murphy’s and Adam Young’s response to Vroman’s editorial. Bitcoin.com is not responsible for or […]
December 1, 2019

Second Major Ransomware Attack in Louisiana Causes Significant Problems

A good ransomware attack can cause significant problems. The city of Louisiana knows that all too well, as its problems have only just begun. The initial Ryuk ransomware attack against the Louisiana infrastructure dates back to November 18. Louisiana is a Ransomware Target Nearly two weeks after being hit, very little progress has been made. Although some services are accessible once again, the vast majority of them are still offline. The targeted ransomware attack has proven to be quite a handful, and one that is very difficult to get rid of. Some crucial agencies still affected include the OMV, the state’s Department of Health, and the Department of Public Safety. Restoring services is hampered by the ransomware, as there are plenty of files missing and the overall backup management has been far from excellent.  The culprits also took a deliberate […]
December 1, 2019

Film Reveals Never-Before-Seen Information About the Silk Road Case

On November 26, a new Silk Road video was published that reveals underreported and never-before-seen information. The film called the “Silk Road Case: The Real, Untold Story” contains over 400 references to direct evidence from a wide range of sources. The organization Freeross.org published the video on Youtube and called it “the most comprehensive, researched narrative about Silk Road and Ross Ulbricht’s case.” Also read: The Silk Road Investigation: A ‘Pattern of Bad Behavior and Double Agents’ New Silk Road Documentary Discusses How Ross Ulbricht Handed the Reins Over to Another Individual Since the Silk Road marketplace was seized and Ross Ulbricht incarcerated, many facets of the case have remained a mystery to this day. The video published on Youtube on November 26 by the nonprofit organization Freeross.org tries to unravel some of the riddles behind the Silk Road investigation. […]
November 30, 2019

Canadian Regulator Green-Lights Bitcoin Fund IPO

The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. Also read: Bitcoin ATMs Installed at 5 Major Malls in the US The Bitcoin Fund IPO Crypto-focused Canadian investment fund manager 3IQ Corp. announced on Thursday that it has filed a preliminary prospectus for the IPO of The Bitcoin Fund. More importantly, the prospectus dated Nov. 27 has been receipted by the Ontario Securities Commission (OSC) after previously rejecting it. The IPO will offer two classes of units at $10 each. The Bitcoin Fund is a closed-end investment fund established as a trust under Ontario’s laws, the company explained, adding that “the units will be an eligible qualified investment for registered investment accounts.” […]
November 30, 2019

Charles Hoskinson: BTC Will Hit the Six-Figure Mark Soon

Ethereum co-founder Charles Hoskinson believes that bitcoin is about to achieve big things. Hoskinson: BTC Will Reach $100,000 Via Twitter, Hoskinson posted his beliefs that bitcoin could easily reach $100,000 in the coming years. This arguably puts him up there with the likes of venture capitalist Tim Draper, who has stated that bitcoin is likely to hit the six-figure mark by the time 2023 rolls in. Hoskinson’s words are intriguing in that he is the co-builder of arguably bitcoin’s biggest competitor Ethereum (ETH), which stands as the number two largest cryptocurrency by market cap. Ethereum, in addition, often boasts smart contracts abilities, which allow it to tokenize its network, build other coins and serve as host to a wide array of decentralized apps (dApps). In his message, Hoskinson says: Bitcoin’s price is going down… Remember everyone, after the FUD, news […]
November 30, 2019

Blockchain, Power and Politics: How Decentralization Engenders Freedom

Power in politics is at a moment of imbalance. With political power increasingly tending toward centralized structures, emerging technologies such as blockchain provide decentralized alternatives to the distribution of such power
November 30, 2019

Jack Dorsey Expects Big Things for Bitcoin in Africa

Twitter CEO Jack Dorsey continues to generate some peculiar headlines. He is planning to move to Africa, primarily because he expects the region to go through a major Bitcoin boom.  It is not uncommon to see Jack Dorsey tweet about Africa, Jack Dorsey is Still a Bitcoin Hopeful In fact, this has become somewhat of a weekly trend. Most of those messages pertain to Bitcoin Meetups taking place in various African countries. In a new statement, Dorsey claims he could move to Africa for up to six months next year. He also expects the region to define the future, primarily the Bitcoin one. It is a very mysterious message, albeit one that further confirms how the Twitter CEO is a firm believer in cryptocurrencies.  Over the past months, Jack Dorsey has visited numerous African countries. His shared images also show […]
November 30, 2019

Ethereum (ETH) 2.0 Upgrade May Revive Staking in 2020

Ethereum (ETH) may bring another round of staking enthusiasm if it moves forward to further replace mining in 2020. New Staking Projects Appeared in the Past Year Staking coins may come in fashion again, as passive income and slow growth replace previous highly speculative uses. Staking is nothing new in the crypto space, but this time around, there is better infrastructure and more reliable projects. The 2020 prediction comes from Alex Kruger and takes into account the staking success of Tezos (XTZ) so far. Passive Income is not a “meme”. This is how interest in passive income looks like. Do you see the trend? pic.twitter.com/AGtJmhGVAO — Alex Krüger (@krugermacro) November 30, 2019 The Tezos project offers reliable governance in the process of “baking”, and additionally, the custodial services of Coinbase offer a more reliable source of passive XTZ. Instead of […]
November 30, 2019

Wall Street Still Doesn’t Get What Bitcoin Might be Used For

Despite being one of the most discussed topics in the last few years, Wall Street still can’t figure out the utility of Bitcoin. Bitcoin Needs Greater Utility, Bakkt CEO Says Adam White, CEO of Bitcoin futures exchange operator Bakkt, said that “there needs to be greater utility” for Bitcoin. Nevertheless, it didn’t stop Bakkt, a subsidiary of NYSE parent Intercontinental Exchange (ICE), to promote crypto adoption on Wall Street, even though it launched the crypto futures platform after several delays. Speaking at a conference in New York, White said: “There’s an argument that Bitcoin is a store of value, and acts like digital gold, and that is its use case. That may be true. It’s our thesis that the size of that pie will never be big enough to justify the aspirations and the opportunities that this technology brings.” A […]
November 30, 2019

Telegram Founder Due in Court Regarding the “Gram” Cryptocurrency

A federal court is asking the founder of Telegram – Pavel Durov – to testify in the Security and Exchange Commission’s (SEC’s) case against the encrypted messaging service’s latest initial coin offering (ICO) of its new cryptocurrency known as the “gram.” Telegram Is Trapped in a Big Legal Battle Telegram has garnered almost $2 billion through the sale of its new gram token, which has been going on since 2018. Overall, the company has done well. The trouble is the SEC is saying they failed to register the token as a security, and a lawsuit has since unfolded. Telegram is asking a New York federal court to dismiss the suit and the charges, claiming that the gram does not share the same properties as other securities. However, it looks as if for the time being, the suit is being permitted […]
November 30, 2019

IMF Calls on Georgia to Evaluate Crypto Income for Trade Balance

The International Monetary Fund (IMF) recommends that Georgia include the income from crypto trade and mining in its foreign trade balance reports. IMF Welcomes More Transparency on Crypto Mining The IMF’s suggestion is quite relevant, given that Georgia is currently the 4th largest producer of digital currencies from mining operations. Thus, the government should take into account the income from this kind of activity. The media reported that representatives of the IMF had already met with leaders of large crypto-oriented companies working in the mining sector. Miners were told to account for foreigners who buy cryptocurrencies like Bitcoin from local producers. In other words, Georgia is an exporter of Bitcoin. Yet, no-one seems to know how much US dollars this activity brings to the economy. The IMF said: “Along with existing programs, the IMF is working with Georgia on other matters, […]
November 30, 2019

Bitcoin Fails to Break $7.8K and Now Risks Reversing to New Lows

Is a backtest of the $6Ks now imminent after Bitcoin failed to break $7,800 resistance?
November 30, 2019

Bad Packets Will Scan Entire Internet to Prevent Crypto Jacking

Researchers at the hacking group Bad Packets are doing a widespread scan of the internet to see which pages, sites and channels are potentially using the sandbox software Docker as a means of mining cryptocurrency. Bad Packets: Good Solutions Malicious actors are running rampant in the cryptocurrency world. We’ve seen this recently through the hack of popular South Korean crypto exchange Up Bit, which was robbed of nearly $50 million in ether funds just last Wednesday. It wasn’t a pretty sight, but the executives of the company are assuring customers that they will not feel the losses. They are currently working to tally up the amounts lost. Once this is done, they will refund all affected customers and ensure their money is returned. Of course, this was a theft performed on a cryptocurrency exchange, which is a completely different situation. […]
November 30, 2019

459 Days Until BTC Hits Its Longest Streak Without a New All-Time High

Since bitcoin hit its all-time high (ATH) in December 2017, crypto enthusiasts have wondered if BTC will touch or surpass it again. After the ATH in November 2013 at $1,156 per BTC, it took 1,170 days to touch the next ATH at $19,891 per coin. To many observers, the downtime has been very long after the rough crypto winter of 2018, but so far it’s only been 711 days since the last price high. Also Read: Bakkt’s Bitcoin Futures Shatters Records Amid Spot Market Turmoil BTC Traders Patiently Wait for the Next Bull Run Digital currency and BTC prices rebounded after the fall in 2018 but not everyone is convinced the bearish sentiment is over. Optimism exists because on December 7 at approximately 8:05 EST, BTC prices dropped to a low of $3,306 per coin but since then BTC has […]
November 30, 2019

Criminal Activity in Crypto: The Fact, the Fiction and the Context

$400 million in XRP is used in illicit activity, how does this stack up against fiat fraud, and is the reputation of the crypto industry beyond saving?
November 30, 2019

Russia: De Facto Crypto Ban Will Be Hard to Achieve, Official Says

Russia may prohibit crypto payments for goods and services, but achieving such a ban might be quite difficult. This is the conclusion of Anatoly Aksakov, Chairman of the State Duma Committee on Financial Market. Ban Enforcement Might Be Challenging Aksakov told local media that enforcement on the use of crypto for payments is difficult from a practical perspective. The official commented: “In the draft law on [digital financial assets], these instruments (cryptocurrencies) were prohibited. Accordingly, other bills were being prepared in parallel; [they] were aimed at introducing responsibility for conducting cryptocurrency trading on the territory of the Russian Federation. While all this is being negotiated for quite a while, law enforcement is challenging. Maybe this is one of the reasons that so far these bills have not been agreed upon.” The official stressed that while it was not easy to […]
November 30, 2019

Bakkt Boss is the Choice for Vacant Georgia Senate Seat

Endorsed by Gov. Brian Kemp, Kelly Loeffler, CEO of the Bakkt bitcoin futures exchange, will be offered a seat in the Georgia Senate next week. Bakkt Boss Takes Hot, Disputed Spot in Senate Loeffler will displace the previously offered candidate, U.S. Rep. Doug Collins, defying the expectations for appointing the long-serving congressman. Her appointment has the aim of building up a female presence in the Georgia branch of the GOP, hopefully building up the party’s appeal to women, reported AJC. But this also brings in one of the most prominent Bitcoin business firm executive and proponent into the mainstream US political space. Loeffler will be the second woman in history to serve the Senate for the state of Georgia, replacing Republican Johnny Isakson. Loeffler may be more famous for her political role, than her role as a financial executive. But […]
November 30, 2019

Scalability Enhancements Kept Bitcoin Decentralized: BitMex Research

Bitcoin scalability improvements implemented in its node software over the years have played a key role in maintaining decentralization
November 30, 2019

European AML Regulations Follow the US Path With a Six-Years’ Delay

The EU’s AML legislation is following the U.S.’s path but with significant delays for the emerging tech industry
November 30, 2019

Bitcoin Moves 30% in December Since 2015 — Will 2019 Be Different?

Bitcoin has shown to be volatile around Christmas as BTC price has seen major moves every December for the past four years
November 30, 2019

Ethereum Researcher Arrested by FBI but ETH Price Unfazed

Ethereum Foundation member Virgil Griffith was arrested on Thursday for traveling to North Korea to hold presentations regarding crypto and blockchain technologies and their use for evading sanctions. ETH price, however, has remained unaffected by the news.  Manhattan U.S. Attorney’s office released an announcement about arresting Virgil Griffith. Griffith is a US citizen and an Ethereum researcher, who allegedly provided the North Korean government with what was described as ‘highly technical information,’ knowing that it could and would be used for helping the country evade sanctions and launder money. USA Berman: As alleged, Virgil Griffith provided highly technical information to North Korea, knowing that this information could be used to help North Korea launder money and evade sanctions. (1 of 2) — US Attorney SDNY (@SDNYnews) November 29, 2019 The announcement adds that Griffith’s actions jeopardized the measures that were […]
November 30, 2019

Why Eurasian Debt, Economic Uncertainty Make a Bull Case for Bitcoin

Talk of the need for “a new, neutral global reserve asset” is ongoing at the heart of the traditional financial sphere