Bitcoin BTC

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Market Cap $ 110.830 Bn (#1)
24h Volume $ 4.451 Bn
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Bitcoin News

Iranian Banks Get Disconnected from the SWIFT System Amid U.S. Sanctions

Gottfried Leibbrandt revealed last week that the financial service SWIFT had disconnected some Iranian banks from the network. The company which facilitates cross-border payment services reportedly made the move to follow the rules that were established by the United States. Due to the economic woes in the country, Iranian people are looking to Bitcoin and cryptocurrencies for the store of value. The Iranian government is also creating a national cryptocurrency and recognized Bitcoin mining activities as an industry in September. (RL)

5 minutes ago

Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year

The Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ‘Special Period’ Venezuela’s president, Nicolas Maduro, visited the headquarters of the Superintendency of Cryptoassets and Related Activities (Sunacrip) last week to sign up for a petro savings plan, the Ministry of Popular Power for Communication and Information (Minci) announced. Minci is dedicated to promoting the government and communicating its message to the public. Sunacrip is responsible for regulating all crypto-related activities in Venezuela. During his visit, Maduro offered a new incentive for people to purchase his country’s national digital currency. El Nacional quoted him as saying: Anyone who buys petros [from now] until December 31 can convert them into any digital currencies or international convertible currencies, such as bitcoin or yuan. He was further quoted by Minci elaborating that “in this special period, from now until December 31,” the petro can be converted and “then in December you can buy what you want, through the internet.” The petro savings plan was launched on Nov. 5. It can be redeemed after 90 days, 180 days, and 270 days, according to Tarek El Aissami, the country’s economic minister and former vice president. “Within three months I will receive what the petro is worth at the time,” Maduro said. Buying the Petro According to Sunacrip, a number of Venezuelans and government officials have purchased the petro since it went on sale on Oct. 29. Purchasers need to complete know-your-customer (KYC) requirements which include being fingerprinted before they are issued a petro certificate of purchase. Two petro buyers — Omar Prieto, Governor of Zulia, being photographed while holding his ID (left). Manuel Quevedo, Minister of Petroleum, putting his fingerprint on his petro certificate (right). Meanwhile, the petro currently does not have any of the usual hallmarks of a cryptocurrency. The official wallet for the petro is still unavailable. Links on the official petro website to download both the Windows and Linux wallets return the message “This wallet will soon be available for your operating system.” In addition, El Aissami explained that the Android app for the petro wallet, previously available in the Google Play store, has been removed by Google. Furthermore, there is no code repository with the Petro code available to the public, so independent confirmation of its existence or functionality is impossible. There are also no published charts or data showing the health of the Petro network, such as network activity, confirmation times, transaction throughput, mining hashrate, or other basic cryptocurrency statistics. Despite the petro’s whitepaper describing a block time of one block per minute on average, the government’s own block explorer shows only 743 total blocks at the time of this writing — over a month after the explorer was published and displayed its first block. Disclaimer: Bitcoin.com does not endorse or support claims made by any parties in this article. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products or companies. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do you think the petro can be converted into any cryptocurrency like the Venezuelan government promises? Let us know in the comments section below. Images courtesy of Shutterstock and the Venezuelan government. Need to calculate your bitcoin holdings? Check our tools section. The post Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year appeared first on Bitcoin News.

7 minutes ago

Bitcoin(BTC) Gains More Favor as UK Central Bank Holds Venezuela’s Gold Hostage

Venezuela reportedly has been denied access to its own gold reserves by the Bank of England, worth about $550 million. The UK Central Bank made the move for fears that Nicolas Maduro may liquidate the gold for his private gain. However, compared to the physical gold, people’s cryptocurrency holding will not be affected by the government’s manipulation as they are tied to smart contracts. Besides, the government has issued its controversial oil-backed cryptocurrency Petro to hedge against the U.S. sanctions. The country reportedly is facing a monthly hyperinflation of more than 90%, which leads to heated bitcoin trading activities. (RL)

24 minutes ago

Bitmain Sues Alleged Bitcoin Thief in US Federal Court

Bitmain has filed a lawsuit against an anonymous thief in a US federal court, who allegedly stoled 617 bitcoin from the crypto mining giant.

32 minutes ago

Michigan Department of State: Crypto Not ‘A Valid Way to Receive Political Contributions’

The Michigan Department of State has clarified its stance on the use of Bitcoin and other forms of cryptocurrency for contributions to political campaigns.

38 minutes ago

Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500

Key Points Bitcoin cash price is struggling to recover above $530 and $540 against the US Dollar. Yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently at a risk of more losses below the $500 and $490 support levels. Bitcoin cash price is currently well below $530 against the US Dollar. BCH/USD might accelerate declines once there is a close below the $500 level. Bitcoin Cash Price Analysis Yesterday, we discussed that bitcoin cash price is clearly at a risk of more slides towards the $500 support against the US Dollar. The BCH/USD pair remained in a bearish zone and it struggled to move past the $530 resistance. The price even traded below the $500 level and formed a low at $495. Later, there was a minor upside correction above $500 and $505. Buyers pushed the price above the 23.6% Fib retracement level of the last slide from the $560 swing high to $495 low. However, the price struggled to break the $525-530 resistance zone. Besides, the 50% Fib retracement level of the last slide from the $560 swing high to $495 low also prevented gains. More importantly, yesterday’s highlighted key bearish trend line is intact with resistance at $515 on the hourly chart of the BCH/USD pair. There was a false break noted above the trend line since the price failed to settle above $530. Sellers pushed the price back below $510 and it is currently well below the 100 hourly simple moving average. Looking at the chart, BCH price under a lot of pressure below $510 and $520. If there is no upward move, it could accelerate losses below $500. Looking at the technical indicators: Hourly MACD - The MACD for BCH/USD is currently in the bearish zone. Hourly RSI (Relative Strength Index) - The RSI for BCH/USD is placed well below the 50 level. Major Support Level - $500 Major Resistance Level - $520 The post Bitcoin Cash Price Analysis: BCH/USD At Risk Of Break Below $500 appeared first on NewsBTC.

an hour ago

Cryptocurrencies May Get its Chance as Bear Market Indicator Reaching New Highs for Stock Market

The latest Goldman Sach’s bear market indicators have signaled the highest level of instability and regression since the 1960’s and 1970’s and showed the stocks may pose a substantial risk for investors who continue to trade and stick by them. However, more analysts are reportedly turning to the crypto markets as an alternative. In fact, it is reported that institutional and Main Street investors alike are going to look to harbor their funds in an asset that has the potential to appreciate. In addition, people may choose cryptocurrencies and Bitcoin(BTC) to avoid the inflation implications. (RL)

an hour ago

Namibian Bitcoin Trading Platform BTN Perseveres Despite Partial Crypto Ban

Bitcoin Trade Namibia (BTN), an emerging bitcoin marketplace, has been following the know-your-customer and anti-money laundering requirements of the Bank of Namibia (BoN) to survive in the country. It is reported that Namibia has imposed tough restrictions on cryptocurrency transactions, saying that cryptocurrencies are not legal tender as the government has the sole mandate on the issue of money. Investors reportedly have to settle a Bitcoin transaction in 72 hours in the worst scenario. At press time, each Bitcoin(BTC) is trading at 98,769 Namibian dollars (U.S. $6,913), a premium of about 9 percent on the global average price. (RL)

2 hours ago

Bitcoin (BTC) Price Analysis: Key Resistance to Watch

Bitcoin volatility has been low once more, leading many to speculate that a big breakout might be brewing. Price is still keeping its head above a rising channel seen on the 4-hour time frame but has also formed lower highs and is below a shorter-term trend line. Price would need to close above this short-term trend line or top of a symmetrical triangle to confirm that the uptrend could resume. In that case, bitcoin could still climb to the top of the rising channel around $7,600 or at least until the halfway point around $7,000. However, the 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, support is more likely to break than to hold. If that happens, bitcoin could be in for a longer-term slide, possibly lasting by the same height as the symmetrical triangle. Stochastic is still heading north so price might follow suit while buyers have some energy left. The oscillator is already closing in on overbought territory, though, so a return in selling pressure may be seen soon. RSI appears to be resuming its move south, so sellers might return from here. Thin liquidity during the banking holidays in the US and Canada may be to blame for the lack of big moves, but it could also be due to traders’ jitters while regulatory action is ongoing. The SEC has recently charged EtherDelta’s founder for operating an unlicensed decentralized exchange, so investors have been moving most of their funds out of exchanges into wallets as precautionary measures. Apart from that, the SEC also announced that it closed the public comment period on bitcoin ETF applications, which could only mean that they’re ready to make their decision soon. Rejection could mean another set of losses for bitcoin, so traders might also be easing up on their exposure. The post Bitcoin (BTC) Price Analysis: Key Resistance to Watch appeared first on Ethereum World News.

3 hours ago

Op-Ed: UK Central Bank Holds Venezuela’s Gold Hostage – Bitcoin Users Unaffected

Venezuela, where bitcoin trading is at an all-time high and the socialist government has issued its own cryptocurrency amid record-breaking inflation and other economic woes, has been denied access to its own gold reserves by the Bank of England. The justification used for denying the country’s request to repatriate 14 tons of gold, worth about

3 hours ago

Ahead of Bitcoin Cash Hard Fork, The Coin’s Competing Visions Vie for Hash Rate

According to data from Coin Dance, the majority of hash power favors Bitcoin Cash SV ahead of the Nov. 15 hard fork

3 hours ago

Crypto Users Have Option to Purchase an Airplane Using the Binance Coin (BNB)

Aeron, a start-up in the sale of planes, has announced that they would accept Aeron tokens (ARN) and BNB for payment. This announcement comes shortly after Remixpoint and Hinomaru Limousine decided to work together for payment solutions in the BCH, BTC, and ETH in the transportation sector. Besides, the owner of the aircraft is not the only one to accept BNB payments as numerous outlets have plans to support BNB Coins as a payment method, such as Crypto.com. At the time of writing, BNB is trading at $9.36, down 1.28% in the past 24 hours. (RL)

3 hours ago

Why Comparing Bitcoin with Centralized Systems Based on Transaction Rate is Wrong

On the Bitcoin network, whether it is a transaction worth $100 or $1 million, it costs the same miner’s fee to process the payment. On October 16, a $194 million payment was moved on the Bitcoin network with a mere $0.1 fee nearly instantaneously. Through legacy banking systems, weeks of paperwork, days of settlement system, … Continued

3 hours ago

Emerging Cloud Server Cryptocurrency Mining Service Splitt Experiences Rapid Growth, Attracts Ten Thousand Investors in Less than Three Months

Recently launched cloud server cryptocurrency mining service, Splitt is now making the heads turn in the global crypto community. Designed to make cryptocurrency mining user-friendly and safe for all, Splitt has secured an investment of well over $5 million from more than ten thousand investors over the last three months. November 10, 2018 Splitt, a recently launched cryptocurrency mining service equipped with a cloud server, is now taking giant strides towards becoming a highly preferred choice amongst the crypt mining enthusiasts around the world. Following its mega launch in August, Splitt has done well to secure close to one hundred thousand users and ten thousand investors in less than three months. Official sources have revealed that the company has already received an investment of more than five million for further development of the business. As a result of drastic increase in the number of miners, bitcoin mining has become extremely competitive these days. Along with this growing competition, the bitcoin network has increased the difficulty level of solving the puzzles. As a result, it has become necessary now for the miners to up their game to stay in the race. The crypto cloud of Splitt meets these challenges by offering mining services with ASIC integrated chips. This is considered to be the latest breakthrough in crypto mining because it is faster compared to the traditional GPU and CPU mining, and consumes less power. Splitt cloud mining requires no specialized hardware as it utilizes shared processing power from data centres. Thousands of users have recommended Splitt as their crypto mining alternative because of the following features. Flexible multi-algorithm cloud mining No pool fees, no waiting for equipment and no system crashes Hashpower is purchased and is retained for the whole contract duration. Dedicated to transparency and discloses everything to the public The company can be located easily and its representatives attend a number of events regularly Mining a number of different cryptocurrencies from scrypt and proof of work algorithm coins as well as ASIC and GPU mining Three-tier affiliate program and a lucrative bonus system All Splitt users also have the opportunity to boost their mining contracts every week by winning Splitt Points. Moreover, the company is currently looking for a name for their Mascot and the winner coming up with the same will receive one thousand Splitt Points. As part of the company’s global expansion plan, Splitt has recently opened a fully operational office in Thailand. The office is headed by Certified Bitcoin Professional Mr. Taradon Kriwichet, who is available alongside his team on a daily basis to help the visitors. Interestingly, a high percentage of investors that have contributed to Splitt are from Thailand. Investors from Ghana, Italy, Germany, and Russia have also contributed generously. “We are happy to let you know that we have received an investment of more than $5 Million to grow our business. We have been unstoppable in the recent months, with more than 95k users and 10k investors,” said a senior spokesperson from Splitt. “Now, we also have a fully operational office in Thailand and much more is expected in the near future.” As a rapidly growing industry player, Splitt takes part in a number crypto conferences and forums all over the world. In the recent months, the company actively participated in three key industry events and the next one is coming up soon. In October, Splitt representatives conducted a successful workshop and networking conference in Ghana. Splitt has an ambitious future plan that includes opening a Splitt Cafe in Thailand in January, 2019. To cater a rapidly expanding pool of users, the company has recently fine-tuned their web presence. The Facebook Fan page of Splitt has also been rebranded. More latest news and updates about Splitt is available at https://splitt.co/en/news Mentioned below are the upcoming summits to be attended by Splitt Ghana Summit No. 2 - 24 November 2018 - Miklin Hotel Conference Room (Contact John Kaakyire - 0249791008) star2 Italy’s First-Ever Summit (with special Italian translator for Speaker CBP Taradon) - 01 December 2018 - Savoy Excelsior Palace Hotel - Contact Mr. Alex Vicini - 3296752612) star2 Thailand Summit No. 4 - 16 December 2018 - Viva Garden Hotel (Contact Mr. Taradon Kriwichet - https://t.me/splittchat_th) To stay up-to-date with all latest developments, Splitt users are encouraged to subscribe to the company’s Telegram Group at https://t.me/splittchat_en The company requests all their customers to take part in an event survey by visiting the link https://splitt.co/en/forms/eventsurvey To find out more about Splitt, please visit https://splitt.co/en/ About Splitt: Splitt offers a user-friendly alternative to cryptocurrency mining from home at any time. It is suitable for amateurs as well as cryptocurrency experts working on a larger scale. The cloud mining s

3 hours ago

Nigerian Crypto Association Asks Government for Clear Guidelines

The Electronic Payment Practitioners Association of Nigeria (E-PPAN) is asking government regulators in the country for clearer guidelines to drive the industry forward. This follows reports, including a statement by E-PPAN, that there is a growing possibility of fintech businesses offering blockchain services being driven overseas unless both the Nigerian government and the Central Bank of Nigeria can offer clarification on its view towards cryptocurrency. A new Nigerian blockchain hub was announced by the government in August in conjunction with UK blockchain firm Coinfirm. The resulting launch of the Africa Blockchain Lab promises to offer financial inclusion to many Nigerians outside of the country’s financial system and also to attract new startups as part of the country’s drive to support the adoption of blockchain and cryptocurrency technologies in the continent. However, the Bitcoin Exchange Guide claims that Central Bank governor Godwin Emifele has done little to encourage the growth of cryptocurrency; investors continue to be reluctant owing to the government’s lack of guidelines. Despite the launching of the Africa Blockchain Lab by state-backed KAD ICT Hub, cryptocurrency still struggles to receive recognition in Nigeria due to its continued links to criminal activities by authorities. “Investments in blockchain-based financial services such as cryptocurrency are today going to Rwanda and Malta, which have provided regulatory frameworks that guide operators of the technology,” claims Ade Atobatele, founder of Gboza Gboza Technology Ltd, and member of E-PPAN. This hasn’t stopped PundiX setting its sights on Nigeria, recently introducing Point of Sale (POS) machines which enable users to pay in Bitcoin and Ether along with the country’s local currency, the Naira. Nigeria certainly has the potential to accommodate such facilities with Africa’s largest contingent of Bitcoin holders and a population of 185 million, representing the continent’s largest population of potential users and investors. Localbitcoins is reported to have seen a trading volume of USD 260 million this year to date. Nigeria should be looking to overseas for regulation, according to E-PPAN member Michael Kiberu, calling for regulators to look to countries such as Uganda, Switzerland, Kenya, and Japan, where cryptocurrency guidelines are clear and operate with legal status, while creating a healthy flow of capital into the financial sector. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: Pixabay The post Nigerian Crypto Association Asks Government for Clear Guidelines appeared first on BitcoinNews.com.

3 hours ago

PIVX (PIVX) Announces the Launch of its Own Decentralized Exchange

The PIVX project recently announced the upcoming launch of the public beta phase of zDEX, a decentralized exchange for the PIVX community. The exchange utilizes the Zerocoin protocol which allows for the trading of a wide variety of crypto tokens without the need for a trusted middleman. The exchange will launch on November 14th, and users will be able to trade BTC, LTC, BCH, DASH, ZEC, and PART against the PIVX token, with more coins to be added in the future along with direct coin trading. (JF)

3 hours ago

SharkPool Will Mine Empty Blocks for Altcoins to Elevate Bitcoin Cash’s Status

Mining pools are vital to cryptocurrencies, especially in the altcoin department. Very interesting trends have emerged in this regard over the past few years. A recently announced project, on the other hand, already causes a lot of concern. It aims to mine all altcoins and dump them on the market in exchange for Bitcoin Cash. SharkPool Certainly Makes an Impact Not too much is known about the SharkPool project at his time. It is not a mining pool which has gone live yet, but the website itself causes plenty of concern during this initial stage. More specifically, it is a different take on multipool mining, albeit with a somewhat nefarious purpose first and foremost. That usually doesn’t bode well for any of the currencies involved, especially not when it can affect all altcoins in a negative manner. To put this into perspective, the SharkPool website makes some bold claims. Its operators confirm all altcoins - including forks and splits - are “acts of war against Bitcoin”. That is a very interesting mindset, as it is a sentiment several people have echoed in the past. While altcoins are great ways of making money, Bitcoin maximalists remain confident they will not matter all that much when everything is said and done. For SharkPool, these altcoins are only designed to be mined and dumped on the open market. So much even that the pool will engage in mining empty blocks to disrupt the reward schemes for other miners. All profits generated by this multipool will be converted to Bitcoin Cash. It is a worthwhile venture, although this may end up hurting the reputation of Bitcoin Cash more than anything else. Another interesting aspect is how SharkPool is not intent on making any profit. Instead, all rewards will be distributed to the miners at 0% fee. That is a very intriguing business model for a venture which may end up disrupting numerous altcoins in the near future. Even so, it is still unclear how all of this will work exactly. Purposefully mining empty network blocks is very controversial first and foremost, and may make people adverse of checking out this mining pool altogether. Considering how the platform is not open for business yet, it is difficult to gauge initial miner interest. The SharkPool team asks users which algorithms they can mine, and none are being skipped at this time. The list includes some exotic algorithms such a Fugue, Fresh, and SHAvite3. Based on the responses by miners, the pool will have to shift its focus accordingly. Given how other multipools handle different algorithms, that shouldn’t prove to be much of a problem. As no one knows who is behind this project or when it will launch exactly, speculation regarding SharkPool is running wild. The business model outlined on the website is quite interesting, although not necessarily for the right reasons. Purposefully disrupting altcoin mining in favor of Bitcoin Cash is controversial, although a lot of miners may see things differently. The post SharkPool Will Mine Empty Blocks for Altcoins to Elevate Bitcoin Cash’s Status appeared first on NullTX.

4 hours ago

Bitcoin Marketplace in Namibia Continues to Operate Amidst Partial Crypto Ban

Bitcoin Trade Namibia (BTN), an emerging bitcoin marketplace operating in the country of Namibia, continues to try and keep operations going in a country where the Central Bank has banned the commercial use of cryptocurrency. BTN did recently adopt new AML/KYC requirements that were laid out by the Bank of Namibia (BoN) which gives them a better chance at survival, but there is still much work that needs to be done. BTN provides a platform where citizens can transfer Namibian dollars to a BTN bank account number and in return, they will receive BTC sent to an address of their choice. (JF)

5 hours ago

Daily Crypto Roundup 11/12/2018

Crypto predictions from January, crypto VR application, more crypto fraud, discussion on China’s relationship with crypto, and Bitfinex raising withdrawal fees. Catch up on today’s news! Eerily Accurate Crypto Predictions From January 2018 December 2017 and January 2018 can be labeled as overwhelmingly exuberant in terms of market sentiment and price gain. Thinking clearly is difficult during these times. But one crypto OG saw through the hype, making excellent predictions for the year. Ryan Selkis, aka TwoBitIdiot, wrote a report called the 95 Crypto Theses for 2018. Perhaps the most accurate prediction among many relevant topics, was his call for a “coming 99% off sale”. Many altcoins have seen 80-90%+ drops in price this year. Making this call during exuberant times was admirable. Read on Crypto Insider Decentralizing A Billion-Dollar Virtual Industry Bitcoin creator Satoshi Nakamoto envisioned Bitcoin changing the landscape of the virtual gaming world (among other use cases of course). However, the Ethereum network has taken the reigns in making this a reality lately. Decentraland is “an open-world VR platform that will allow users to create their own reality”, reports Crypto Insider. The game includes virtual real estate speculation and property purchasing. The game uses MANA, an Ethereum based token, for purchasing this virtual land. Decentraland also partnered with peer-to-peer crypto lending network Ripio. Read on Crypto Insider CFTC Fines Bitcoin Trader $1.1 Million For Crypto Fraud Another crypto fraud case hits the media as the U.S. Commodity Futures Trading Commission (CFTC) catches a scammy crypto trader. According to the CFTC press release on Friday, Joseph Kim of Arizona is required “to pay more than $1.1 million for a fraudulent Bitcoin and Litecoin scheme”. He was also given 15 months prison time. Kim organized a Bitcoin and Litecoin scam “that led to more than $1 million in losses, of which Kim misappropriated more than $600,000”, stated the CFTC press release. CoinDesk explains the trader siphoned Bitcoin and Litecoin from a trading firm at which he worked back in the fall of last year. Kim also criminally received significant customer funds late last year as well as earlier this year. Read on CoinDesk Skirting The Great Wall, Part Three: The Paradox Of Cryptocurrencies In China Over the past several years, China has made itself known for crypto bans and regulation. So far this month, China has expanded its anti-ICO stance, grouping airdrops into the banned category. CoinTelegraph details a report questioning crypto’s current use in China, amidst such regulation. Read on CoinTelegraph Bitfinex: New Fee Policy Suggests $30,000 Fee To Withdraw $1 Million Bitfinex is one of the most popular exchange names in the crypto space, despite rumors of suspicious activity. The exchange saw over $1 billion worth of fiat withdrawals over the course of last month, according to a report by Bitcoinist. Bitfinex made an announcement yesterday with its plans for a new fee set up. “Customers making more than $1 million, or two fiat withdrawals within any 30-day period, will incur a three percent fee”, reported Bitcoinist. Read on Bitcoinist The post Daily Crypto Roundup 11/12/2018 appeared first on Crypto Insider.

5 hours ago

Stagnant Crypto Market Conditions Persist

Checking in on the 24-hour performance of the crypto market, the recent trend of sideways trading and stagnant conditions continues as the overall market cap remains relatively unchanged. At the time of writing, Bitcoin is trading at a price of $6,389, a decrease of 0.22%, while Ethereum (ETH) is trading at $210.25, a decrease of 0.49%. Not all projects suffer from the same stagnation though, with NEM (XEM) outperforming the rest of the top 100 coins, up 16.53% over the past 24-hours and currently trading at a price of $0.1083. (JF)

5 hours ago

Michigan Authorities Block Cryptocurrency Donations to Political Campaigns

In response to a question about how the value of a cryptocurrency can be recorded when it is given as a political donation, the Michigan Secretary of State responded by saying that cryptocurrencies do not fit under the defined rules of the Michigan Campaign Finance Act as to what constitutes an acceptable form of donation, and thus are barred from being used as donations to political campaigns. The Michigan Bureau of Elections added that until further guidance is provided by the Legislature, they cannot allow donations of Bitcoin or other digital assets. (JF)

6 hours ago

Bitcoin Cash [BCH] proponent: DSV changes it from being something that is effectively legal

Craig Wright aka Faketoshi, a strong believer of the Bitcoin Satoshi’s Vision implementation for the Bitcoin Cash [BCH] blockchain, recently appeared on a video hosted by Tone Vays, a Bitcoin proponent, to speak about the upcoming hard fork, which is scheduled on November 15, 2018. Wright started off by speaking about block size. He remarked that there should not be a block size and that the original version of Bitcoin also does not have a block size. He went on to say that Bitcoin did not have an economic value in its initial stages. Wright said: “It was added as a temporary measure only because there was no economics in Bitcoin. You couldn’t even buy two pizzas with 50,000 Bitcoin at that stage, really, I mean there were occasional exchanges of silly things like that but the reality was there was no economic value to Bitcoin” He continued to say that this is actually an attempt to change the protocol. Wright further spoke about the opcode the Bitcoin ABC team wants to add, OP_CHECKDATASIGVERIFY [DSV]. The self-proclaimed Satoshi Nakamoto said: “If you consider the things like DSV and whatever else, is not part of Bitcoin and everything that we’re doing is the original Bitcoin re-enabled. That’s the distinction. So the difference they want in saying that DSV should be there, is the addition of something that changes Bitcoin from effectively something that is legal in every single country on earth contrary what you see in the press” Wright added that there has not been any country which has had “Bitcoin illegal ever”. According to him, DSV alters everything and would create a bucket shop. He went on to say: “Now, that creates a bucket shop, is what it’s known under law. It was actually first taken up in the Supreme Court in the US in 1906. It’s an illegal derivative trading for our platform and we just saw finally a DEX being shut down by the SEC and others will. Wright stated that people do not understand that Bitcoin is a settlement engine, the central nodes, the miners are settlement and that P2P means that two people transact together, without any machine. He said: “P2P means you and I transact together now this idea of it’s decentralized trade, you and I transact together there’s no machine here so there’s always a person involved and as soon as you do that, you alter the nature of the system it’s no longer fungible because fungibility is not a technical issue it is a legal issue.” He continued to say that once there is any transaction which contains the DSV, it would be a breach of the law. This would effectively mean that it will no longer be valid in America, UK, China and other countries, he added. Moreover, people will not be allowed to carry this forward without being registered and a miner will have to break the law in order to valid a transaction. Wright further added: “it’s different to something in script where someone can script a code and link to an external server that’s completely and utterly different. So there is a difference between building something into a software platform or having a code language that allows you to build something and people don’t seem to get this differentiation.” The post Bitcoin Cash [BCH] proponent: DSV changes it from being something that is effectively legal appeared first on AMBCrypto.

6 hours ago

Hong Kong-based Bitcoin Mining Pool BTCC will Permanently Cease to Operate

The popular bitcoin mining pool, BTCC Pool Limited, which is a subsidiary of the Hong-Kong based bitcoin exchange, BTCC, recently released a press statement making it known that it is shutting down operations indefinitely. This exchange was founded in the year 2014 and it has gained several users over time from both within and without […]

7 hours ago

Crypto Exchange Coincheck Reopens Trading in NEM, Fueling Double-Digit Gains

While the broader cryptocurrency market is trading flat, NEM (XEM) has advanced nearly 15% in the last 24-hour period. Trading in NEM has reopened on Coincheck exchange, which suffered a $500 million hack in NEM at the beginning of the year. NEM made the announcement on Twitter, saying: “Coincheck resumed XEM activities today!” Coincheck, which is based in Tokyo, reopened to deposits last month but at the time only supported Bitcoin, Ethereum Classic, Litecoin and Bitcoin Cash. Followers on social media cheered the development. NEM is currently trading at $0.106 on trading volume of $52 million. (GT)

7 hours ago

Daily Cryptocurrency News - 12th November 2018

Here are the most important headlines of 12th November 2018 in the cryptocurrency space: IOTA Invited To The Frankfurt European Banking Congress, Bosch & IOTA Explained It seems like IOTA will have a productive November. Among the top speakers from the financial sector - there’s also a representative of IOTA. Dominik Schiener, the Co-founder of IOTA token will talk at the Economic Congress Germany. The topic of the discussion will be about the chances of DLT for companies - more exactly: The Blockchain Revolution - a Business Opportunity?. The news were officially reported by Sueddeutsche.de - a well known news website from Germany. These could be great news for IOTA - as Dominik is among the few speakers not working in the Financial sector only. Besides, this could be a great opportunity for IOTA to establish partnerships with multiple German businesses and grow IOTA to its full potential. Moreover, Bosch recently launched an article explaining everything that a person need to know about IOTA, XDK2MAM and Bosch XDK. In that article, Bosch explains how an ecosystem development bridges IOTA and the XDK. More details can be found in the Bosch’s article about IOTA and Bosch XDK. Decentralized Exchanges - The Latest SEC Victim As you may know, SEC doesn’t really like ICOs. But now, they move forward to another cryptocurrency related service - the decentralized exchanges. According to the U.S. Securities and Enforcement Commission, there was a chage of $400,000 against Zachary Coburn - the founder of EtherDelta. The reason for this was the fact that a decentralized exchange mainly ‘sells the same kind of tokens as the ICOs - the ERC20 tokens’ and SEC considers those as being ‘unregistered securities’. Coburn didn’t complained about this, and decided to pay the settlement fee. But this is the first time something like this happen on a decentralized exchange - and as SEC hinted: there are many others to follow. The Coburn’s cooperation lead to no other greater penalty - but left the cryptocurrency world asking - is this the end for decentralized exchanges? what strikes me most about the @SEC_News action against @EtherDelta is:- small disgorgement of $300k- only $75k penalty for operating unregistered exchange w >3M trades- co-operation listed as reason for not penalizing further overall, seems very ... positive? pic.twitter.com/ypmdOGSO6N — Meltem Demirors (@Melt_Dem) November 8, 2018 Probably not. But the future isn’t so bright for the decentralized exchanges - as most of them now need to implement a KYC procedure and delist any token with a security-like property. ShaepShift and IDEX became the first ones that adapt with this news, introducing KYC rules to their peer-to-peer exchanges. Even if the decentralized exchanges will still be active in the future, the fact that the anonymity part will disappear is not bringing any joy to the crypto communities. Japan’s GMO - Massive Q3 Performance on Crypto-Related Businesses The Japanese GMO launched its Q3 report today, 12th November 2018. Even though the market seems to be on a lower level than last year’s bull run - the cryptocurrency part of GMO is growing steady. To summarize it: The mining equipment production and the crypto exchange brought 2.6 Billion yet in revenue ( $22.8 Million) - only in the Q3 part of this year, at only 1 year since they launched it. GMO coin - an exchange platform launched by GMO - now have 208,000 users trading about 89 Billion yen ( $781 million) only in October The profit is up 34.4% , speaking from a quarter on quarter basis The October mining hashrate was 674 petahash per second (PH/s) - but they’re planning to reach 800 PH/s until the end of 2018 Company changed their ticket from GJY to GYEN GMO also reported the creation of the cryptographic stablecoin in early October - available for international trading in 2019. This stablecoin will be tied to the JPY pair - being the first one in its existence. More details about GMO can be found in the ‘GMO Q3 Report‘ The Coinbase Bull Effect - Zcash, Stellar & Cardano Slowly Increase In Value After the successful listing of 0x and BAT - Coinbase is now preparing to list ZEC, XLM and ADA.This lead to an increase in trading volume as well as a small increase in price for these cryptocurrencies, as investors are preparing for the Coinbase listing effect - a small bull run followed by a slow decrease. Since 0x was listed on Coinbase, Cardano (ADA) saw an increase in price from $0.069 to an high of $0.08 and is now trading at $0.076 - with a 1% increase for today. The trade volume for Cardano (ADA) for today is a $24.7 Million - a massive increase from the $13-$18 million prior to 0x being listed to Coinbase. Stellar Lumens decreased to $0.20 on the date when 0x was listed to Coinbase, but increase by 20% in only a matter of days. Stellar Lumens reached today a peak for October and November, reaching a value of $0.284 - a 30%+ increase since 0x was listed on Coinbase. The trading volume

7 hours ago

Crypto Miner Hut 8 Expands with the Addition of 12 BlockBox Data Centers Purchased from Bitfury

Hut 8 Mining, which is a crypto mining company that counts Bitfury Group as a partner, is growing. The company announced on Twitter that it has acquired a dozen BlockBox Data Centers for its operation in the city of Drumheller, Alberta, Canda from its partner firm, Bitfury Group. The addition of these devices bolsters the company’s mining capacity by 14.4 megawatts. Hut 8 Mining President and CEO Andrew Kiguel stated: “Our goal is to be the largest bitcoin miner in the world.” Hut 8 has mined more than 4,400 Bitcoins since the company launched its operations at year-end 2017. (GT)

7 hours ago

BitMEX CEO Arthur Hayes Defends the Exchange Against the Haters

Arthur Hayes, who is at the helm of BTC exchange BitMEX, is defending the company’s business model. According to Hayes, BitMEX does not provide “special access to anyone” or “trade against its customers.” The comments come on the heels of a scathing report about the exchange that was published on the blogging site Medium. BitMEX, which leverages long and short positions in BTC, is a leading crypto exchange that achieved its highest-ever daily trading volume of $8 billion in 2018. They surpass CBOE and CME for bitcoin futures volume. (GT)

8 hours ago

New Exchange Security Scoring Model Offers Insurance Rates for Coin Holders

International cybersecurity solutions provider Group-IB has come up with a scoring model to grade crypto exchanges based on their level of security.The scoring model was created by Group-IB in conjunction with Swiss-based Cryptolns (which is operated by Swiss insurance broker APIS AS), and the grading is intrinsic to CryptoIns’ new cryptocurrency exchange insurance, which will allow exchange users to cover up to 15 BTC worth of digital assets held in their exchange accounts. With the scoring model’s data, CryptoIns has calculated rates for their coverage depending on an exchange’s level of security and asset-protection measures.This insurance will be available for assets held on leading exchanges like Binance, OKEx, Kraken and Huobi, while a full list can be found on CryptoIns’ website.“Currently, approximately 3,600,000 BTC are stored in user accounts on cryptocurrency exchanges, making this market highly attractive for hackers,” Timofey Volkov, CEO of CryptoIns, explained.Per a recent Forbes article, crypto exchanges are attractive to hackers due to their design: They have a centralized single point of failure, making them prone to the same problems faced by millions of web applications globally. This is where the assessment from Group-IB gets interesting for the investor.The grading from Group-IB took the exchanges’ architecture and infrastructure into consideration to better understand the mechanisms used in countering potential threats. While developing the framework for its insurance policy, Cryptolns revealed that it assessed a number of exchanges using various parameters, including “the level of technical security [and] the reliability of key storage, password, and personal data of customers provided by each exchange.” Explaining the challenges faced by insurers in the crypto industry, Volkov stated that:“Collaboration with one of the leading international cybersecurity companies will help us organize and conduct pre-insurance evaluations of the exchanges in order to assess their security, as well as the potential for fraudulent activities on the part of the founders and management.”Risk GroupsThe scoring by CryptoIns also sorted exchanges into four risk groups based on aggregated information which includes "assessment of traded volume, traders’ activity, internal fees and other characteristics." Exchanges categorized in the first group were graded as being the least vulnerable, second and third were "rated satisfactory and low in security risk," while those in the fourth group were deemed to be overly risky, with the company saying it won't provide insurance for such exchanges.Base insurance rates are put at 2.5 percent per quarter. Each of the groups was entitled to different discounts with the maximum being a 50 percent discount, the report states.According to CryptoIns' insurance calculator on its website, U.S.-based cryptocurrency exchange Kraken ranks as the safest digital asset platform with a lower cost of insuring assets. It costs users 0.0125 BTC for every 1 BTC stored on Kraken at a 1.25 percent insurance rate. The same 1 BTC will be insured on Binance and Bibox for 0.019 BTC and 0.025 BTC, respectively.Falling under the overly risky group were exchanges like Yobit which emerged as the least secure. Other less-secure exchanges, according to the list, were Zaif, Bitstamp, Bit-Z and TopBTC.Cyber threats on crypto exchanges have become a recurring event. In September 2018, Japanese digital assets platform Zaif reportedly lost $59 million due to a security breach on its system. Bithumb, CoinGrail and BitGrail all lost $30 million, $40 million and $195 million, respectively, earlier in the year. This article originally appeared on Bitcoin Magazine.

8 hours ago

SWIFT Kicks Out Iran - One Of The 3 Cheapest Countries To Mine Bitcoin

The Society For Interbank Financial Telecommunication (SWIFT) has begun blocking access to international transfers for Iranian member banks as new US sanctions take effect. SWIFT: Block Is ‘Regrettable’ As Reuters originally reported, November 10 marks the first day of action which will see financial institutions cut off from SWIFT, which facilitates cross-border payment instructions to more than 200 countries. In a statement at a Paris event November 7, the organization’s chief executive Gottfried Liebbrandt called the action “regrettable” but explained it was being “taken in the interest of the stability and integrity of the wider global financial system.” Iran is expecting significant turmoil over the reinstallation of the sanctions which had previously gone under the Obama administration. In a timely reminder of the centralized power of the global banking system, SWIFT appeared to act as an extension of US federal law, despite being based itself in Belgium. Crypto Sanctions Evasion On Everyone’s Radar As Bitcoinist has reported, the announcement of new punitive measures against Iran sparked speculation over the potential future role of Bitcoin and cryptocurrencies for the country’s residents. Authorities had formerly taken a risk-averse approach to the industry, banning banks from serving cryptocurrency businesses in April. More recently, however, talk has turned to the idea of issuing a central bank digital currency as a sanctions avoidance method, while formal regulation is also due. In a poignant development, lawmakers also formally recognized Bitcoin mining as an industry in September. According to energy price data, Iran is currently the third cheapest country in the world to mine Bitcoin in. In October meanwhile, the US Treasury’s Financial Crimes Enforcement Network (Fincen), reiterated its concerns cryptocurrency was forming part of evasion policies by Iran. “Institutions should consider reviewing blockchain ledgers for activity that may originate or terminate in Iran,” it wrote in an advisory. Institutions should also be aware that the international virtual currency industry is highly dynamic; new virtual currency businesses may incorporate or operate in Iran with little notice or footprint. The precedent has already been set, notably by Venezuela, which has formerly begun transacting in its government’s notorious state-sponsored national cryptocurrency Petro. What do you think about SWIFT’s actions against Iranian banks? Let us know in the comments below! Images courtesy of Shutterstock The post SWIFT Kicks Out Iran - One Of The 3 Cheapest Countries To Mine Bitcoin appeared first on Bitcoinist.com.

9 hours ago

Bitcoin Cash [BCH/USD] Technical Analysis: Market betting on the bear’s win?

Bitcoin Cash [BCH], the fourth-biggest cryptocurrency by market cap, has been the talk of the market as the hard fork is nearing. The date for the upgrade is set on November 15, 2018, stirring up the investors sentiments. However, the coin performance has failed to keep up to the market’s expectations. According to CoinMarketCap, at press time, the coin was trading at $522.10 with a market cap of over $9 billion. The coin had a trading volume of $909 million and had slumped by 6.70% in the past seven days. 1-hour: Bitcoin Cash [BCH] one-hour price chart | Source: Trading ViewIn the one-hour chart, the coin showed a downward trend from $546.44 to $519.38. Nonetheless, it also had an upward trend from $458.51 to $496.35. The coin will have to first face the immediate resistance level set at $549.76 in order to meet the strong resistance, which is set at $633.55. The cryptocurrency has an immediate support at $496.26 if the bear were to strike again. If this ground fails to support the coin, then there is a strong support ground at $456.59. The Chaikin Money Flow was showing a bullish wave. However, the indicator was making a leap towards the bear’s side. Parabolic SAR depicted its allegiance to the bear as the dots had aligned above the candlesticks. The Bollinger Bands were coming together for a reunion, reflecting a less volatile market. 1-day: Bitcoin Cash [BCH] one-day price chart | Source: Trading ViewIn the one-day chart, the coin had fallen from $1,749.45 to $628.25. However, it did show a rise from $422.56 to $528.07. The coin has an immediate resistance at $628.25, and a strong resistance at $1,169.16. It also has a strong support at $413.04, in case the bull loses the race. The RSI indicator showed that the buying pressure and the selling pressure are evened out. MACD showed that it was betting on the bull as the moving average line was above the signal line. However, the Klinger Oscillator was betting on the bear’s win as the reading line was crossed the signal line, leaping off the hill. Conclusion The one-hour graph of the coin is in favour of the bull. In the one-day chart, the MACD favours the bull whereas the Klinger favours the bear. The post Bitcoin Cash [BCH/USD] Technical Analysis: Market betting on the bear’s win? appeared first on AMBCrypto.

9 hours ago

A Litecoin Transaction Worth $62 Million, Reported to Cost Just 50 Cents

A transaction of over 1 million LTC was recently completed incurring just 50 cents in cost according to ‘Litecoin.com’. In a medium post ‘Litecoin.com’ they note that it is one of the most valuable and largest Litecoin transactions ever. It must be noted that the official website for the Litecoin project is ‘Litecoin.org.’ On the ‘Litecoin.com’ website there is very little information about its backing and motives. The Largest Transaction on Litecoin According to the ‘Litcoin.com’ article, the potentially record-setting transaction on the Litecoin network involved 1,159,005.90779568 LTC coins valued at $62 million. The cost of the transaction was only 0.00922 that equals about $0.5. The large transaction appears to be geared towards the consolidation of funds into a newly created Multi-Signature / Segwit ‘M’ address. Transactions from a few Legacy addresses are now flowing into the new address. The huge inflow of funds has made the new Segwit M address the richest on the Litecoin network. The transaction in question was made by the former richest address on the network. The sender address is now empty. However, the process also destroyed a staggering 71,618,997 coin days. Who Could Own the Address? The identity of the owner of this address is still a mystery which means that somebody will have to come forward to reveal themselves. Until then, the real-world identity of the address owner will remain hidden. What we know is that the exchange could have taken place from a cold wallet. The owner, who has held their coins for a long time likely moved them to a more secure Segwit address. The new multi-signature wallet has multiple private keys and needs to be signed off by multiple parties, unlike Legacy addresses. The transaction in question was made up with multiple inputs of 20,000 LTC, each of which was made up of four batches of 5,000 LTC transactions. The coins originated from an address that still holds 150,000 LTC. The address has many transactions, and it is likely that the address belongs to a hot wallet on an exchange where users were consistently depositing and withdrawing funds. A Litecoin Transaction Worth $62 Million, Reported to Cost Just 50 Cents was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

9 hours ago

Stellar Overtakes EOS to Become the Fifth Largest Cryptocurrency by Market Cap

Stellar Lumens (XLM) has surpassed EOS as the fifth-largest cryptocurrency by market capitalization on Monday, November 12. At press time, XLM’s market cap, according to data provided by CoinMarketCap, was $5,1 bln, while EOS stood at $4,9 bln. Reaching its 3-month high in USD, the cryptocurrency peaked at $0.283 (0.00004430 BTC) at around 06:00 UTC

9 hours ago

BitMEX CEO: “We Don’t Trade Against Our Customers”

BitMEX — “An Opaque Entity” Although BitMEX is one of the crypto market’s most prominent platforms, there is a multitude of industry players that have yet to trust the exchange in full. For those who are unaware, the Seychelles-based, Hong Kong-headquartered platform has become well-known for its margin trading feature, which utilizes a somewhat complicated sequence of insurance funds, peer-to-peer contracts, and other systems to allow traders to leverage their Bitcoin (BTC) 100x. However, over recent months, as the value of crypto assets fell, rumors arose that BitMEX had nefarious intentions. Some conspiracists had connected the dots to claim that the startup, founded in 2014, was willing to undermine its clients to turn a quick buck. One such critic/cynic was Hasu, a pseudonymous self-proclaimed “independent cryptocurrency researcher,” who released a jaw-dropping 13 minute-long Medium post on BitMEX’s potentially shady dealings in late-October that rattled the crypto community. Foul play at BitMEX? Exploring the biggest concernshttps://t.co/yG6sspN1Vg — Hasu (@hasufl) October 22, 2018 Hasu first noted that while the company expresses its love for this industry and technology incessantly, this may be nothing more than a guise or facade, subsequently dubbing BitMEX an “opaque entity that wields disproportionate influence in the industry.” Bringing credence to his inflammatory words, Hasu embarked on a research journey, finding data, people, and documents that supported his theory that the Seychelles-based startup doesn’t have its users at the top of its priority list. Although the article stretched out to over 3,000 words, the following are Hasu’s three primary qualms (which are just speculative guesses) with the platform: They trade against their customers: The platform may be secretly trading against its customers through a market maker, which was just disclosed in April of 2018. Interestingly, after the firm disclosed that it had a market-making desk, which is a “for-profit operation,” it lost its legal counsel. Hasu has claimed that this speculation could implicate that BitMEX is using its entitlement immorally to profit off its user base. The platform “weaponizes their server problems”: A reoccurring theme seen in the BitMEX community is the jokes around the platform’s endless stream of “server overload” prompts. Although they may seem innocent enough, Hasu has claimed that the startup may be giving preferential access to certain traders during periods of overload. The critic also claimed that users can arbitrage and “trigger a chain of liquidations” during an overload, which evidently isn’t right. It “monetizes customer liquidations through their insurance fund”: Due to the leverage system that BitMEX enlists, it requires traders to place marginal holdings into an insurance fund. Although this fund allows for high-leverage trades, Hasu has claimed that the company makes “significant money from liquidations.” Regardless of the specifics of each issue, the cynic came to the following conclusion, which was quick to the punch: But a series of recent issues with the exchange leads me to believe that they have a hard time acting ethically once it gets in their way of making more money. Arthur Hayes: BitMEX Doesn’t Trade Against Its Customers However, CEO Arthur Hayes, who recently called for Bitcoin (BTC) to fall below $2,000 in due time, has claimed that these rumors are baseless and that his firm’s dealings have been misinterpreted. Hayes’ remarks on the matter were conveyed through Yahoo Finance U.K. at an unnamed event in London. https://t.co/prhtgOHpZo — Yahoo Finance UK (@YahooFinanceUK) November 12, 2018 Per the industry leader, its market-making desk “is a customer too. It is treated like any other account.” Hayes added that the desk is “completely secluded from the rest of the employees,” divulging that the independent identity doesn’t have special or preferential access to any insider data. He also noted that BitMEX doesn’t make bank when customers are liquidated or through trading against its users, but rather, through other profit streams. He elaborated: It’s actually pretty bad business model and introduces a lot of risk into what is right now a riskless business model, BitMEX. We match trades, that’s it, we have no risk. Trading against our clients is nonsensical. Touching on the “server overload” issues, Hayes alluded to the fact that an influx of trades on the platform has hampered its server, noting that his firm is doing its best to fix those issues. Last but not least, the CEO, a former Citigroup trader, explained that the insurance fund’s 14,000 Bitcoin (BTC) is a “function of the market.” TItle Image Courtesy of Marco Verch via Flickr The post BitMEX CEO: “We Don’t Trade Against Our Customers” appeared first on Ethereum World News.

9 hours ago

PR: Cryptaur Announce Partnership with NEM and Proximax at the Gitex Future Starts Event

Bitcoin Press Release: Cryptaur has signed a partnership agreement with renowned companies ProximaX and NEM following the first public demonstration of their new gaming platform, X-Game, in Dubai. DUBAI, UAE, November 5th, 2018 — Cryptaur, a decentralized ecosystem for P2P services, has signed a partnership with ProximaX and NEM following the first public demonstration of X-Game at GITEX Future Stars 2018 , held in Dubai on October 14th - 17th. The cooperation agreement will support Cryptaur promotion and localization in new regions which NEM and ProximaX are present in. ProximaX will be used within X-Game to host the ePassports of all users and to store the data of game characters and their elements. NEM, on the other hand, is used as a decentralized registry for Cryptaur users. The agreement was signed personally by Lon Wong, First President of NEM and Founder of ProximaX. For Cryptaur, the partnership comes at a time of exciting developments, having recently been recognized as an industry leader by the likes of CNN, Global Coin Report and ABM Crypto, and with the launch of various new platform extensions such as Lifewise and X-Game . X-Game is an innovative blockchain-based game that implements a unique P2E (Play-to-Earn) concept to reward users for their time and efforts. Users can earn Cryptaur’s native token, CPT, within the game which can then be withdrawn as CPT or fiat. X-Game aims to reinvent the gaming industry by rewarding users rather than relying on hidden P2W (Pay-to-Win) models that currently dominate the gaming sphere. F2P (Free-to-Play) is the most common gaming structure in which gaming companies do not charge users to play the game but rather rely on in-game advertisements and sales. These sales could include upgrades, special abilities, additional lives and special items. The popularity of F2P games is limited. F2P games are not truly free to play and instead rely on P2W (Pay-to-Win) purchases to ensure in-game success. Players spent $22 billion on in-game purchases in 2015 with this figure expected to reach $32 billion per year by 2020. Despite the popularity of this industry, users are unable to convert these earnings back into real money. - Dimitri Buriak, CEO of Cryptaur ‘ProximaX will be an important element in ensuring user confidence in the Cryptaur platform. In the near future, we plan to implement the storage of personal documents of our participants based on ProximaX, reliably protecting them with modern encryption algorithms.’ The partnership signals an exciting expansion of the Cryptaur platform. 2018 has been a productive year for the Cryptaur team, who have been steadily overtaking their milestones throughout the year. X-Game follows the successful launch of credit cards by Fintech United Group in June earlier this year, and the launch of automatic KYC at Fintech United Group in August. About Cryptaur Founded in 2017, Cyprus-based Cryptaur increases efficiency by eliminating the middleman from a wide range of social and financial transactions. The project’s blockchain-based decentralized ecosystem supports peer-to-peer transactions, pay platforms, online gaming, and more.To find out more, visit www.cryptaur.com To find out more, visit - www.cryptaur.com To download Cryptaur the wallet - www.wallet.cryptaur.com Find Cryptaur on Facebook - www.facebook.com/cryptaur Follow Cryptaur on Twitter - www.twitter.com/cryptaur Official Telegram Channel - https://t.me / Cryptaur Telegram Chat - https://t.me/cryptaur Follow Cryptaur on Instagram - www.instagram.com/cryptaur Cryptaur Team Linkedin - www.linkedin.com/company/11000132 Cryptaur Medium - www.medium.com/@cryptaur Cryptaur YouTube - https://www.youtube.com/c/CryptaurOfficialEnglish Join the Cryptaur Reddit - https://www.reddit.com/r/Cryptaur Media Contact Contact Name: Anastasia Vestfal Contact Email: info@cryptaur.com Cryptaur is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: The post PR: Cryptaur Announce Partnership with NEM and Proximax at the Gitex Future Starts Event appeared first on BitcoinNews.com.

9 hours ago

Singapore Launches Blockchain DvP Settlement Framework

The Singapore Exchange (SGX) and the Monetary Authority of Singapore (MAS) recently unveiled a blockchain-based Delivery versus Payment (DvP) settlement framework. Reports indicate that the framework can simplify post-trade processes, materially diminishing the payment settlement cycle. DvP Settlement Using Smart Contracts According to Techwire Asia, the SGX/MAS collaboration is the first of its kind to develop a decentralized technology (DLT) framework for DvP. This new framework enables DvP capabilities for tokenized assets trade. Usually, DvP settlements take as long as three days after the transaction date. However, the SGX and MAS are confident that the new protocol can help to speed up the process. The project also included other technical partners like Deloitte, Nasdaq, and Anquan. According to available reports, the blockchain-based DvP platform can perform simultaneous exchanges, as well as final settlement payments for utility tokens and tokenized securities across multiple blockchain networks. It is this interoperability that the project partners hope will improve the speed and efficiency of the entire process. Blockchain Technology in Capital Markets In a report jointly published by SGX and MAS, both institutions showed how a blockchain-based DvP settlement framework which utilizes smart contract technology could be of benefit to the market. Commenting on the value of the initiative, the Chief Fintech Officer of the MAS, Sopnendu Mohanty, said: This project has demonstrated the value of blockchain technology and the benefits it can bring to the financial industry in the short to medium term. The unveiling of the SGX/MAS blockchain-based DvP settlement framework comes amidst the backdrop of the country’s Fintech Festival. Reports indicate that more than 40,000 people, as well as 250 speakers and over 400 exhibitors, will be at the weeklong event which ends on November 16, 2018. Singapore Embracing Cryptocurrency and Blockchain Technology The SGX/MAS blockchain-based DvP platform is yet another milestone for the rapidly evolving digital economy in Singapore. Along with others in Southeast Asia, Singapore appears to be leading the charge to embrace blockchain technology. Recently, SGX partnered with Temasek Holdings to invest in iSTOX - a security token offerings (STO) platform. The country is also providing an enabling regulatory environment for its local digital currency market. Last month, Live Bitcoin News reported that the MAS was looking to help cryptocurrency businesses with access to banking services. What do you think about Singapore adopting blockchain technology in the DvP settlement process? Let us know your thoughts in the comment section below. Images courtesy of Shutterstock. The post Singapore Launches Blockchain DvP Settlement Framework appeared first on Live Bitcoin News.

10 hours ago

Binance Talks about Its Goals and Activities, Focuses on Institutional Capital

Binance founder CZ knows that running an exchange is not an easy job. Speaking to CNBC “Crypto Trader” host Ran NeuNer, he talked about getting lucky in an unpredictable market earlier this week. A recent blog post by the exchange is now summing up the latest initiatives by the company and well as their upcoming evolution that would provide a bigger space for institutional investors. Understanding the Changing Markets Binance wrote that the maturing blockchain technology is now seeing increased interest from the institutional investors. To begin with, Binance tells the users that it has built a highly secure trading platform that offers both liquidity and reliability to the users. It added: “Underlying our top-tier trading experience is an industry-leading technological foundation, meaning that even at the highest periods of market activity to date, our service remained strong and steady.” It is working extensively to improve its processes and developing a comprehensive list of services that its investors, especially those with institutional-level capital will need. Its most recent investment round led by Vertex Ventures is designed to help create a wider list of services, especially a new fiat-to-crypto gateway in Singapore. Bespoke Service Creation for High-end Investors The company launched a tiered trading fee discount program in July 2018 to cater to the needs of their corporate account holders. The program successfully sparked interested from more institutional investors. The exchange has also rehashed its corporate account management processes to handle its institutional clients better. Binance has now allowed customization of its API limits and withdrawal limits and offers greater operational flexibility to the users. Binance Research, the newest division of the exchange provides institutional grade research reports to the clients. Binance is also providing a more straightforward registration process for larger investors, and the applications are usually catered to within two business days. The Q4 roadmap of the exchange also includes new tweaks to the core trading experience for the enterprise traders. The exchange said: “We’re equipping users with a cross-functional set of trading management tools, starting with the release of a much-requested sub-account feature by the end of December.” The new updates will likely include support for 200 sub-accounts with account and trading activity overviews for each sub-account and no-fee transfers between the sub-accounts. Binance Talks about Its Goals and Activities, Focuses on Institutional Capital was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

10 hours ago

Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud Scheme

The U.S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors. The same day, a District Court in the Northern District of Illinois sentenced Kim to 15 months on wire fraud charges.Misappropriating Employer's FundsAccording to the release, Kim had misappropriated his employer's funds between September and November 2017. Kim, who was employed by a Chicago-based trading firm at the time, had transferred the company's tokens from the cryptocurrency exchange where they were kept into his wallet address. When questioned about the illegal transfers, Kim falsely stated that the platform's security issues were the reason why the tokens were moved. The firm discovered the misappropriation of funds in November 2017; by then, Kim had lost approximately $601,000 of the company's funds. The company subsequently fired him.Defrauding InvestorsKim then went out to solicit investment funds from unsuspecting investors, telling them he had left his former employer willingly to start a company of his own. After falsely informing investors he had a "low-risk virtual currency arbitrage strategy," he got at least five investors, who gave him approximately $545,000 to invest in the crypto market. Kim made poor investment decisions, leading to a total wipeout of his clients’ investments. Again, he concealed the losses, going so far as to falsify account statements sent to investors, which reflected profits where there were none.FinesThe CFTC fined Kim $1.146 million, to be paid as restitution to his former employer and his investors. The agency has also imposed on Kim a permanent trading and registration ban for crypto trading and for soliciting of funds.Director of Enforcement James McDonald calls the order issued against Kim evidence of the agency's “commitment to actively police the virtual currency markets and protect the public interest.”The U.S. Securities and Exchange Commission (SEC) has also been busy ramping up its enforcement against fraudulent schemes in the industry. Just last week, the SEC charged crypto exchange EtherDelta with running an “unregistered national securities exchange.” The agency also went after TokenLot LLC and Crypto Asset Management LP for registration failures in September 2018. Its brokerage arm, the Financial Industry Regulatory Authority (FINRA), had a taste of the crypto industry, when it went after publicly traded company Rocky Mountain Ayre Inc. (RMTN) and its CEO, Timothy Tilton Ayre, charging him with the “unlawful distribution of an unregistered security.” This article originally appeared on Bitcoin Magazine.

10 hours ago

Bitcoin Analysis: Price Stuck Below 6360-6384 Resistance Zone

Bitcoin kicked off the week by erasing gains made during the weekend, falling 1 percent against the US Dollar. The BTC/USD pair stayed depressed despite an upside attempt, printing intraday lows near 6319-fiat against the high at 6384-fiat. The breakdown action in the European forex market helped the dollar establish its 16-month high. Due to the

10 hours ago

Daily Cryptocurrency Markets Update: Monday, November 12

Across the vast majority of digital currencies this morning, markets seemed vanquished as most chart patterns showed red. The downward trend was felt across most of the top cryptos with a small section of coins recording a slow upward surge. Coins such as Stellar (XLM), Cardano (ADA) and ZCash recorded an upward move perhaps owing to the news that they will soon be listed on Coinbase. Stellar was up by 6% to trade at $0.27, Cardano gained up to the $0.077 mark before settling at $0.075. Additionally, the upcoming Bitcoin Cash Hard Fork on November 15 has had the effect of lowering BCH prices. Image Via Coin360 Bitcoin (BTC/USD) Over the last 24 hours, some slight alterations have been witnessed on the charts. For starters, Bitcoin underwent market correction to overcome its recent slight drop. It is currently exchanging at $6396 against the U.S. Dollar up from $6344, representing about 0.2% growth. On one day charts, the 7-day moving average is above the 21-day moving average, an indication that a bullish momentum is in the works. The Relative Strength Indicator (RSI) is stable on the charts, showing that the periods of extended stability for the leading cryptocurrency by market capitalization are on. Experts have indicated that the periods of increased stability and reduced volatility are ‘the calm before the storm’ that will see a major upward surge as the year comes to a close. Bitcoin Cash (BCH/USD) With a scheduled protocol upgrade on November 15, opinions are divided on the future of this digital coin. While one chain wants the coin’s block size increased, another one is opposed to it. Investors have therefore moved to dispose of their BCH holdings. The increased supply of BCH has pushed the prices down. It has lost about 20% of its value over the previous week and is currently trading at $517. Ethereum (ETH/USD) The second largest digital coin by market capitalization was also marked in red as it lost ground from its stellar performance last week. It is currently trading at $210 with its stability intact. This follows news of its hundred times capacity upgrade as announced by Vitalik Buterin. The post Daily Cryptocurrency Markets Update: Monday, November 12 appeared first on ZyCrypto.

10 hours ago

43-year-old Thrown in Prison After Trying to Bomb a UK Crypto Business

A British citizen has been sentenced to six and a half years in prison after he tried to bomb a British cryptocurrency firm. The 43-year-old convict resented the company because of their failure to reset his account password. According to the local police, the pack with a bomb remained unopened at the office premises for over five months. Cryptopay Office Could Be Bombed The London Metropolitan Police Counter Terrorism Command noted that a functional explosive device was sent to the Cryptopay office earlier this year. Michael Salonen, a Gullspang, Sweden resident, sent the explosive device in a padded envelope. In March this year, a man working at the company’s Hackney office block noticed the package and tried to open it. However, he soon became suspicious and alerted the authorities. Bomb experts then came and defused the device while cops from the London Metropolitan Police Counter Terrorism Command poured in. It was later found that the package had been delivered to the office in November 2017. Cryptopay had not moved into the premises at the time of the package’s arrival. The space was occupied by an accounting firm that was being used by Cryptopay. Salonen probably picked up the address and thought Cryptopay were located there. Interpol Helped Unveil the Case The British investigators tried to match the DNA found from the package with UK databases, but their efforts went in vain. They later sought help from Interpol who helped track down Salonen who was arrested on May 12 this year. He was accused of sending threatening letters to individuals in the UK and Sweden and for attempting to bomb the Cryptopay offices. In one of the threatening letters he sent, he had included a white powder, which was later found harmless. His residence also contained bomb components. The Met Police found that Salonen was a Cryptopay customer who asked the company to reset his password. His request was refused by the company, which cited its privacy policy for the same. A company spokesperson said: “[Salonen] contacted our support and we gave him the link to reset his password. He then asked if our team (a support agent) could do it, which we are not able to do.” Commander Clarke Jarett, head of the Met Police Counter Terrorism Command commented: “Salonen seemingly made and sent a device that had the capability to seriously harm and even kill over something as inconsequential as a change of password. Fortunately, the bomb did not detonate. It was due to sheer luck that the recipient ripped opened the package in the middle rather than using the envelope flap which would have activated the device.” Salonen has been found guilty of attempted murder and sending malicious letters. 43-year-old Thrown in Prison After Trying to Bomb a UK Crypto Business was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

10 hours ago

OKEx Announces Competition Ahead of Perpetual Swap Trading Launch

OKEx, which currently has the highest trading volume among crypto exchanges on CoinMarketCap, plans to launch perpetual swap trading soon. In anticipation of that, the company has announced a new trading competition. The OKEx Perpetual Swap Trading Competition in which participants can win up to 10 BTC will unfold on Dec. 3 in Seoul, South Korea. OKEx’s perpetual swap trading engine supports 40-times leverage. OKEx said in the announcement: “We'll be flying out some of the biggest names in crypto to participate and attend as we make huge announcements.” The exchange is currently accepting applications for the competition. (GT)

10 hours ago

Government Regulation and the Future of Privacy-Focused Cryptocurrencies

In recent times, governments around the world have charted a new course for cryptocurrency regulation, and it’s one that seeks to exclude privacy-focused cryptocurrency. Moving away from the complete banning of digital currencies, these governments are tackling two core issues: protecting investors and traders, and making sure that cryptocurrencies avoid becoming breeding grounds for criminals. This trend has sparked many regulatory requirements, from anti-money laundering rules to KYCs. But as these governments intensify their regulations, we must ask ourselves what is the future of privacy-focused cryptocurrencies geared toward maintaining user privacy to the core? Anonymous Coins: Living Up to Their Names In its developmental stages, Bitcoin had earned a name as a cryptocurrency that provides complete anonymity to its users, drawing many privacy lovers to it. Today, that notion has changed completely. Though it might not be possible to trace transactions made on the Bitcoin blockchain to a specific identity, other details, including location and amount of transactions, are visible. And the fact that linking your identity to the blockchain will expose your transactions to the public ledger shows that, after all, the world’s largest and most popular cryptocurrency isn’t completely anonymous. In turn, privacy coins have come to save the day. Beginning its journey in 2014 as Xcoin and later Darkcoin, Dash is one of the most popular privacy-focused coins in the cryptosphere. Its privacy feature PrivateSend, previously called Darksend relies on the CoinJoin mechanism of boxing-up transactions and making them difficult to identify participants of a particular transaction Another popular privacy coin is Monero. Developed through the CryptoNight Proof of Work protocol, Monero has risen to be one of the best privacy coins in existence today. Transaction sources and destinations are untraceable in Monero. For example, to escape scrutiny from authorities, the WannaCry ransomware hackers reportedly converted their hoard to Monero. Additionally, after the closure of the darknet marketplace AlphaBay, authorities reported that they could not identify the amount of Monero on the platform, cementing the privacy coin as a good place not just for privacy-oriented individuals, but as a hiding place for some criminals. Other privacy coins have sprung up and gained popularity as well, including Zcash, PIVX, Navcoin, Verge, among others. For proponents of the privacy coin, cryptocurrencies should be able to help privacy-oriented people conduct their financial transactions without prying eyes. Providing that infrastructure shouldn’t be a headache. But unfortunately for many, governments do not think so. Government Crackdown on Privacy Coins Though there has not been a comprehensive regulatory oversight on cryptocurrencies in general, many governments are devising ways of preventing criminals from using these digital currencies as their go-to financial system. These governments are also making sure that traders and investors in this space pay tax. But for privacy coins, the story is not that favorable even though many authorities haven’t turned their attention to the anon coin sector. In a written testimony in June this year, Deputy Assistant Director of Office of Investigations at the US Secret Service Robert Novy recommended that privacy-focused cryptocurrencies like Monero and Zcash should be regulated to prevent fraud. In May, Japan’s Financial Services Agency put pressure on anonymous cryptocurrencies, gingering crypto exchanges like Coincheck, a Japanese-based cryptocurrency exchange to announce its delisting of privacy coins, including the likes of Augur, Monero, Dash, and ZCash. The reason? Coins that grant a high level of anonymity might be used for money laundering activities according to the FSA. But can Privacy-Focused Coins be Stopped by Governments? Government regulation would surely hamper the growth of privacy coins, but not completely. One specific area that would be hard hit is the ability to exchange these coins for fiat or other cryptocurrencies. However, as the cryptocurrency space grows, privacy would be an integral part of this sector, and privacy coins might potentially rule that space. As Chief Marketing Officer for Dash Fernando Gutierrez puts it, There are many legitimate reasons to want privacy in the cryptocurrency space and there is the obvious consideration about privacy being a human right but then there is the huge issue of security. Having financial information public or semi-public is extremely dangerous. The only way to provide security for the average user is to allow them to keep some information private. When cryptocurrencies find their way into the mainstream and become a true internet money as many predict, privacy coins would be the order of the day for people who don’t want to have a public ledger of their everyday transactions. When the time comes, governments might have to co

10 hours ago

Crypto Prepares For Another Spectacular Bitcoin Cash Heist

Bitcoin Cash came into being on August 1st, 2017 as a result of a hard fork from the main Bitcoin blockchain. Despite the fact that the new currency created millions for its developers and backers, that windfall was apparently not enough. A second split is imminent, which will almost certainly (once again) reward a group of familiar faces with vast sums in unearned and undeserved value. I don’t care to dwell on the merits of Bitcoin Cash - save to say that despite being heavily-marketed as the mass-adoption route for Bitcoin, it has achieved nothing of substance in the way of becoming the world’s go-to digital payment mechanism. In May, Chainalysis noted that BCash, or BCH, accounted for less than $4M in consumer spending. What happened with the Bitcoin Cash hard fork? It may have been pushed as an ideological schism, but the people involved in the Bitcoin / Bitcoin Cash division stood to gain extraordinary sums of money, no matter which side they took. Bitcoin Cash was never about consumer adoption - it was about lining the pockets of certain individuals, conglomerates, and miners. It was about greed. That greed was rewarded as the market capitalization of the fork raced to an unlikely $70 billion last December. But what prompted the BCH division? Consider this: Bitcoin’s dominance was virtually unchallenged from its inception as a digital asset through to March of 2017. Suddenly, it began to plummet, as the era of Ethereum and the altcoins began. Ethereum promised utility far beyond the venerable technology powering BTC. Bitcoin was facing the very real possibility of obsolescence, taking with it vast fortunes and huge investments in mining. BTC reached a nadir in June of 2017 at 37.8% dominance of the crypto market, as altcoin enthusiasts set their clocks for the ‘flippening’ - the day that Ethereum (at almost 32%) would overtake Bitcoin as the world’s top cryptocurrency. An event which could easily have led to a market-wide exodus from BTC and into ETH and other currencies. But it didn’t happen: the announcement of a Bitcoin Cash hard fork tempted the altcoiners back to the Bitcoin fold. Throughout June and July, Bitcoin recaptured a significant portion of its dominance. Because who wouldn’t want the chance of some free money? And who would stand to lose most if Bitcoin had, in fact, become the less-favored crypto? That’s an easy one: the earliest people in the game, and the miners. In other words, the people who are now, once again, fighting about who gets to take home a bigger share. Today’s “battle of the billionaires” is the result. Satoshi’s Vision? My Arse. Of course, BCH holders would need to sell in order to reap what their more-accomplished predecessor sowed. At the very least, they could add the asset to their balance sheets to create the illusion of wealth - which could be leveraged into credit lines and loans. (Or even an IPO, if you had enough Bitcoin Cash stored up. Which happens to describe one of the main proponents of a fork, an organization that has recently deployed 90,000 Antminers to fight for its future.) What else has Bitcoin Cash achieved, beyond creating wealth for a small number of people - and a bonus for early Bitcoin adopters? A platform for obnoxious Twitter personalities to sputter their fake wars? We already have enough bloated billionaire blowhards filthying up our feeds; we don’t need more. Blocks are less clogged - there’s a result, of sorts. But it’s not exactly what one might call an achievement for the ages. Mass adoption of a digital payment system is being pursued, far more successfully, by any number of other cryptocurrency projects. Bitcoin Cash simply isn’t very good at what it’s purported to do, and therein lies the real problem. Bitcoin Cash has provided almost nothing of genuine value to the cryptocurrency community. Few technical innovations. Little in the way of merchant acceptance. Nothing whatsoever in advancing the ideals and precepts of decentralization. Zero social good. It has been, largely, a waste of time. The upcoming fork will divide its minimal contributions, diluting its relevance still further. This fork will fuel yet more tedious and diversionary arguments over block size between irrelevant relics of a bygone Bitcoin age, dressed in ideology but truly rooted only in greed and the desire for power. And it will provide them with an extra beach home or two, from which to continue their bickering and proclamations of an adherence to a vision that was, once, pure. The author is not invested in Bitcoin Cash, but holds other digital assets. The post Crypto Prepares For Another Spectacular Bitcoin Cash Heist appeared first on Crypto Briefing.

10 hours ago

Binance CEO: Volume, User Signup Indicators Are Healthy For Crypto

Volume On Binance May Have Dried Up, But Its CEO Has Remained Undeterred It goes without saying that 2018’s bear market hasn’t been kind to crypto exchanges, with volumes drying up and traders exiting this nascent space en-masse. Data gathered by Ran NeuNer’s CNBC Africa-sponsored Crypto Trader has revealed that from September to October alone, volumes tallied on Binance, OkEX, Huobi, and Bitfinex have declined by 32%, 47%, 47%, and 48% respectively. Although these statistics paint a dismal outlook for exchanges, which make up the backbone of this industry, Changpeng “CZ” Zhao, CEO of Binance, has seemingly remained unfazed, cutting out some time to speak with NeuNer on the matter. BANG!! Big show today! - @cz_binance how @binance stays on top!- @rogerkver takes sides on BCH- @VitalikButerin talks about Ethereum 2.0- @gaborgurbacs Van Eck ETF is VERY close!- Crypto causes BIG waves in Marshall Islands!https://t.co/cGFSPWdyV0 — Ran NeuNer (@cryptomanran) November 8, 2018 Although volumes are evidently on the way out, Zhao claimed that his startup is doing just fine, but gave NeuNer and CNBC Africa viewers the following insider scoop on Binance’s performance since January 2018: If you compare [volumes] to July or August, we are probably down a little bit because now, [crypto] prices are very stable. And when there are no movements in price, people trade less — so that’s kind of understandable. CZ, who formerly worked at Blockchain and Bloomberg previously, went on to add that compared to January, publicly-available volume stats are likely down 90%. But, while these figures may have perturbed short-term speculators, the CEO explained that compared to one or two years ago, this industry is still booming in a relative sense. He elaborated: If you compare [our volumes now] to two or three years ago, the volume here right now is great and there has always been of hundreds, if not thousands of exchanges in our space. So business is still okay and we’re still profitable and healthy. In other words, if you today’s volume (or lack thereof) into a long-term perspective, the cryptocurrency market is doing all fine and dandy. Speaking on another important metric — new user accounts — Zhao made similar claims, noting that while Binance’s current user base isn’t swelling as it did in January/February, his service is still signing up a “steady amount of new users every day.” Or in short, as the industry insider put it, “it’s very healthy.” Again, pushing his narrative forward that crypto is doing just fine, CZ noted that the amount of Bitcoin (BTC) that Binance is holding in its cold wallets has been steadily increasing, which could indicate that traders trust the exchange more or they are preparing for the next bull run. These stats aside, Zhao noted that while the market is in a “slowdown period,” indicators look quite healthy. CZ: Sooner or Later, A Crypto Bull Run Will Occur In the same interview, as reported by Ethereum World News earlier, NeuNer and CZ drew attention to this industry’s prospects — one of the hottest topics in 2018’s bearish market conditions. Zhao, discussing catalysts for crypto’s next bull run, pointed out that institutional interest “may be a really strong trigger,” drawing attention to the launch of regulated stablecoins and institution-centric products, like Fidelity Digital Asset Services or Bakkt, for example. But still, seeing that prices haven’t moved, even with the establishment of these startups, Binance’s CEO added that he would be hard-pressed to pinpoint a specific event or product. Still, Zhao, concluding his take on the question, said that “something will trigger” a bull run, “sooner or later.” Zhao’s bullish sentiment comes amid reports that a growing number of analysts and industry leaders are calling for a bottom and a subsequent rebound in the crypto market. Title Image Courtesy of Marco Verch via Flickr The post Binance CEO: Volume, User Signup Indicators Are Healthy For Crypto appeared first on Ethereum World News.

11 hours ago

Melhores canais e grupos no Telegram para criptomoedas

Por: Livecoins Quando vamos conhecendo melhor o cenário das criptomoedas uma das formas de aprender e ficar antenado mais do que a nossa capacidade de procurar por mais informações consegue, é nos unir a comunidades e participar de debates e crescer mais os conhecimentos no menor tempo possível, confira abaixo os melhores canais e grupos no Telegram para criptomoedas. O Telegram é um aplicativo mobile, que possui versões para Android e também para IOS, mas que de forma semelhante ao Whatsapp também possui uma interface web para acesso por computadores pessoais. Outro detalhe é que pode ser baixado um programa para seu desktop. As vantagens do Telegram sobre o Whatsapp são várias, o limite da capacidade dos grupos são de 100 mil pessoas, sendo o zap de apenas 256 pessoas. Um fato é que ao entrar nos grupos e canais, os novos usuários possuem acesso ao histórico de conversas que aconteceu antes dos mesmos entrarem, isso já não é possível pelo whatsapp. Outro detalhe é a privacidade, pois pelo Telegram pode ser criado um usuário que passa a ser a informação que é compartilhada publicamente em grupos. O mesmo normalmente possui o formato “@nomequevocêquiser” e faz com quem em grupos as pessoas veja apenas seu usuário e o seu nome que também é criado. O telefone dos usuários então, não são compartilhados de forma pública neste aplicativo. Outro detalhe é que além dos grupos podem ser criados canais de comunicação, dos quais os usuários inscritos recebem notificações das atividades do criador do canal, muito útil para quem deseja receber as novidades sem se interagir com as mesmas. Para finalizar as vantagens, dentre as várias possibilidades o Telegram permite que os usuários criem robôs de informações (BOTS), para que dessa forma automatizem processos diversos. Existem nas comunidades de criptomoedas bots diversos que conseguem desde responder dados básicos até a verificar cotações em exchanges. Se você já baixou o aplicativo e está sem comunidades para entrar, confira abaixo a lista dos canais e grupos e entre para encontrar mais informações: Canal Livecoins - Notícias em primeira mão Grupo Livecoins - Comunidade para interação de quem acompanha nosso portal Grupo Binance Portuguese - Exchange Grupo Huobi Brasil - Exchange Grupo OriginalMy Brazil - projeto brasileiro Grupo Paratiivideo - projeto brasileiro Grupo CryptoGiant - troca de informações Grupo Bitcoin Investimento Trader - troca de informações Grupo Criptologia - youtuber e troca de informações Grupo 59 segundos - youtuber e troca de informações Grupo Investimentos Digitais - youtuber e troca de informações Canal Criptomaniacos - youtuber Grupo Nano Brasil - criptomoeda Canal IOTA Brasil - criptomoeda Grupo Decred Br - criptomoeda Canal Waves Brasil - criptomoeda Grupo Crypterium Brasil - criptomoeda Grupo Falando sobre Investimentos - Troca de informações, não somente criptos A partir destas dicas o seu caminho tende a aumentar de opções uma vez dentro do Telegram, só deixamos claro que ao entrar em comunidades muito cuidado com fraudes, com pessoas que lhe chamarem propondo milagres e retornos incomuns de investimentos, não existe dinheiro fácil e nem dinheiro de graça. Se você ainda possui dúvidas sobre o Telegram ser uma super ferramenta, e muito mais do que isso, ser amigável ao ambiente das criptomoedas, saiba que a ferramenta realizou um financiamento privado para melhorar a plataforma que irá contar com um token criptográfico para que usuários paguem contas e façam transações dentro desse ambiente. O artigo Melhores canais e grupos no Telegram para criptomoedas apareceu primeiro em Livecoins.

11 hours ago

Singapore Based Rate3 Brings Asset Tokenization to Enterprises

With the evolution of the blockchain, tokenization of assets is becoming an important facet of the crypto economy. Rate3, a Singapore based company is also looking forward to creating an ecosystem where money, real estate, stocks, time and intellectual property can be tokenized, using applications built on public blockchain networks. The company is working to make its vision come true, using the Ethereum and Stellar blockchains and $17 million in funding. The Available Tokenization Market Rate3 values the tokenization market for addressable assets at $700 trillion, and the company intends to get a slice of this vast potential economy. It is banking upon the numerous benefits of the blockchain, which includes cheap transactions and fast settlements around the clock. The company recently received $17 million in funds from Insignia Ventures, Alpha JWC, Matrix Partners China, Node Capital, Fenbushi Digital and FBG Capital to create solutions that could help in creating tokenized assets on the blockchain. Rate3 CEO Jake Goh said that tokenization is the first major milestone that brings enterprises closer to the open, public blockchains. He said: “We envision a future whereby all assets of material value will become tokenized and easily transferable on blockchains. This will greatly add to the liquidity of the asset and in turn improve the enterprises’ working capital position and operational efficiency.” Solving Real-world Problems With Tokenization Two major problems could be cited with enterprises in regards to blockchain adoption. First, there is a lack of secure and common legal framework that binds real-world assets to digital tokens. Secondly, the identity ecosystem remains fragmented. Rate3 will solve these two issues by working with independent, licensed trust companies that could provide absolute legal guarantees of asset ownership. The model depends on transparency and confidence that a token holder is fully locally compliant and can opt for legal recourse should his ownership of an asset come under question. The two platforms to be used for the new solutions would be Ethereum and Stellar. Ethereum’s Turing-complete programming language and the payments-optimized design of Stellar will help the company in creating applications that foster faster and cheaper transactions. Rate3 brings interoperability for the two ecosystems, utilizing the benefits of each of the public blockchains. Singapore Based Rate3 Brings Asset Tokenization to Enterprises was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

11 hours ago

Bitcoin (BTC) Stranded Again, In Sideways Action- What Next?

Last week saw many crypto enthusiasts get excited at the possibility of the bull run being witnessed in the market being the run that sees cryptos return to their former glory days. After an impressive start of the week- November 05, bitcoin and most altcoins soared through the week. However, prices began falling on Thursday 08, killing off the enthusiasm and momentum that was propelling the market. Last week felt like it was the market’s moment to recover after a year of drops. If the gains and positive momentum had dragged for the next remaining weeks of the year, this would have seen the market end on a high and set it up for a great coming year. Now, as we get into the week beginning November 12, the market has slowed down and there’s no telling where it will go next. The market is largely being characterized with sideways action. Although Bitcoin has found support at $6,378, it has consequently been unable to trade above $6,433. If you asked cryptocurrency pundits last week what they expect over the coming weeks, almost all of them were bullish. Now, there seems to be a rift and while some are still seeing bitcoin ending the year on a high, others are bearish. Among the bulls who are calling for a bull run to happen sooner than later is Changpeng Zhao, chief executive of cryptocurrency exchange Binance. Speaking to CNBC’s Crypto Trader program, the CEO noted: “Even if I don’t know what will catalyze a bitcoin bull run, I am certain it will happen... Sooner or later, something will trigger it.” Tim Draper, a venture capitalist, shared the same sentiment. Draper has stood with a prediction he made earlier in the year, predicting bitcoin would hit $250,000 in the next four years. In a recent Web Summit conference he noted he still stands with his prediction, he answered: “Yes. We are talking about five percent market share to get to $250,000. That seems like a drop in a bucket and all we need to really do is make it so that Bitcoin can be used to buy Starbucks coffee, and all of a sudden the world just opens up and then they say ‘I’ve got this choice.’...” One man who has changed his position in recent weeks is Mike Novogratz, cryptocurrency investor, CEO, and founder of investment firm Galaxy Digital. In an Economist’s Finance Disrupted 2018 conference, Novogratz predicted that bitcoin would not break $9,000 by the end of the year. As we approach the end of the year, it is hard to see bitcoin soar to its all-time highs of $20,000 but again you’d not want to bet against it ending on a high. In the past, it has shown to be full of surprises. All that is required to see it soar is some positive news to trigger it. The post Bitcoin (BTC) Stranded Again, In Sideways Action- What Next? appeared first on ZyCrypto.

11 hours ago

GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018

GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses. Also Read: The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange Record Performance by Quarter The presentation covers the operations of GMO Internet in cryptocurrency mining, exchange and payments. The company reported total quarterly revenue of 2.61 billion yen ($22.93 million) in the third quarter. It noted that the positive results came “just a year since the launch despite the harsh external environment.” On the cryptocurrency exchange side of the operation, profit was up 34.4 percent quarter over quarter, from 0.55 billion yen in the second quarter to 0.74 billion yen in the third. It said it posted an increase in profit despite the fact that revenue from the exchange business alone fell slightly from 1.42 billion yen in the second quarter to 1.36 billion yen in the third. GMO Internet also reported that customer accounts have been growing steadily, reaching 208,000 in the third quarter. However, the trading value has fallen from 220 billion yen to just 89 billion yen ($782.7 million) quarter over quarter. Aiming For 800PH/s Within 2018 On the cryptocurrency mining side of its business, GMO Internet reported it has increased its human resources during the third quarter of the year. And this helped it increase mining revenue slightly to 1.23 billion yen in the third quarter, from 1.17 billion yen in the preceding three-month period. In contrast, the worsening external environment and increased depreciation costs drove profit down quarter over quarter, from a loss of 0.36 billion yen in the second quarter to a loss of 0.64 billion yen in the third. The company reported it reached a bitcoin hashing rate of 674 PH/s during the third quarter, for both BCH and BTC. It said it aims to achieve a total of 800 PH/s within the year. GMO Internet also said that sales of cryptocurrency mining machines have been postponed due to delays in shipments of needed electronic components. In addition, it announced that it is changing the ticker symbol of the yen-pegged stablecoin it launched during the third quarter from GJY to GYEN. What do you think about the latest GMO Internet quarterly report? Let us know in the comments section below. Images courtesy of Shutterstock and GMO Internet. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018 appeared first on Bitcoin News.

11 hours ago

NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability

NEM (XEM) is currently trading up nearly 20% as cryptocurrency exchange Coincheck resumes its normal trading activity. NEM’s meteoric price rise comes amidst overall market stability, with Bitcoin (BTC) trading steadily at $6,400, and most altcoins trading up. At the time of writing, Bitcoin is trading at $6,400, recovering from a slight dip into the mid-$6,300 region. Bitcoin is still trading firmly in its long-established trading range between $6,200 and $6,700, and its prolonged sideways trading trend has proved to be a positive thing for the altcoin markets. Currently, NEM is leading Monday’s market surge, trading up 17.8% at its current price of $0.11. Following Coincheck’s announcement that they were resuming trading activity on their exchange, NEM surged to highs of $0.114, before falling to $0.103 as a result of profit taking. Its price has since climbed back up and is currently sitting near its current highs. NEM’s sustained price pump has also been fueled by rising trading volume, which jumped from about $5 million prior to the Coincheck announcement, to its current levels of over $48 million. Following the massive $500 million hack Coincheck was the victim of early this year, the exchange has had a difficult time fixing their management issues, security issues, and meeting the new, stricter, regulatory requirements being set forth by Japanese regulators. The Tokyo-based exchange first announced that they would be resuming new account openings and customer deposits in late-October, but limited the cryptocurrencies available to trade to BTC, ETC, LTC, and BCH. Related Reading: Cryptocurrency Market Update: Has NEM Awoken Altcoins Trade Up Although NEM has thus far been the leader of today’s cryptocurrency market surge, other altcoins have posted gains as well. At the time of writing, XRP is the highest preforming major alt, currently trading up nearly 4% over the past 24-hours, at its current price of $0.52. XRP has had a choppy week of trading, first rising to highs of $0.56 on November 6th before falling to lows of $0.49. Since then, its price has gradually drifted upwards towards its current levels. Bitcoin Cash (BCH) is one of today’s worst performing major alts, currently trading down just over 1% at its current price of $520. It is currently down 18% from its weekly highs of $635. Bitcoin Cash’s poor performance over the past few days comes after it witnessed a massive rise from lows of $415 in mid-October, to highs of $635 earlier this week. This rise was fueled by increased buying volume stemming from the imminent hard fork event which is scheduled to occur in three days, on November 15th. Many investors expected its price to continue rising prior to this event, but it now appears that investors are less interested in acquiring the forked units than they are in profiting from its rise prior to the event. Featured image from Shutterstock. The post NEM Skyrockets as Coincheck Resumes Trading, Altcoins Trade Up Amidst Bitcoin Stability appeared first on NewsBTC.

11 hours ago

Electroneum - minere no seu celular

Por: Livecoins Electroneum (ETN) é uma criptomoeda com pouco mais de um ano. É um projeto inglês capitaneado por Richard Ells. A sua proposta é bem simples: ser a criptomoeda do mass adoption (adoção em massa). Apesar de simples é algo extremamente audacioso e difícil. O Bitcoin em seus 10 anos ainda não conseguiu. Porém, Richard e sua equipe tem um plano até bem simples para isso - um aplicativo de celular que torna bem simples operações com ETN - tão ou até mais simples que com cartão de credito. Ok, podemos dizer que praticamente qualquer carteira de celular de criptomoedas teria essa característica. Tanto por isso como para incentivar o uso do aplicativo a carteira vem com um simulador de mineração, apesar da mineração ser simulada e não utilizar recursos e processamento do seu celular os pagamentos são reais, você é efetivamente pago por deixar o aplicativo rodando. Verdade seja dita que hoje são pequenos valores, mas não deixa de ser atrativo, ainda mais se considerar o desempenho do Bitcoin de meros centavos para dezenas de milhares de dólares em seu maior preço. Neste um ano de vida entre altos e baixos a ETN valorizou próximo de 100% (até mais para quem comprou no início do ICO) saindo de 1 centavo de dólar para 1,5 centavo nos valores de hoje. Vale comentar que nos melhores momentos do mercado de criptos 1 ETN chegou a valer mais de 20 centavos de dólar e mesmo após um ano de grandes baixas os investidores do ICO ainda estão com um lucro maior que 100%. Além desse desempenho de preço, ETN tem formado diversas parcerias e depois de um longo período operando com apenas uma Exchange criptos x criptos, esta expandido sua presença com cada vez mais exchanges crypto x crypto e iniciando negociações em Exchange com pares EURO x ETN e USD x ETN (em breve) na LIQUID. Corre o boato que em breve ETN será listado na BINANCE, a maior (e possivelmente melhor) Exchange do mundo. COMO FAZER PARTE Primeiro passo é abrir uma conta no https://electroneum.com/ em seguida instalar o App (infelizmente devido a políticas da Apple por enquanto disponível apenas para ANDROID). As orientações são simples e fáceis de seguir. Com isso você já pode começar a minerar. Como mais um incentivo para a divulgação e mass adoption, pessoas indicadas e seus indicadores recebem um pequeno bônus ao longo da mineração, basta incluir o código (referral code) do usuário que fez a indicação, por exemplo: 345F2D. A velocidade de mineração sofre algumas variações, mas os ganhos a depender do aparelho e da simulação vão ser entre 30 e 150 ETN por mês // 360 - 1800 ETN por ano. Na cotação atual não são grandes valores, mas sempre bom lembrar que ETN, apesar dos percalços do primeiro ano, tem cumprido suas propostas e desenvolvido cada vez mais parcerias. Feita essa primeira parte, querendo aumentar sua posição em ETN o caminho seria comprando via Exchanges, infelizmente não temos Exchanges no Brasil operando com ETN o que significa que para comprar ETN é necessário criar uma conta em uma Exchange fora do Brasil. É razoavelmente fácil, eu abri minha conta na CRYPTOPIA, mas temos outras opções: Lista Exchanges ETN. O par mais negociado é BTC x ETN, e daí fica simples pois basta comprar BTC em uma Exchange brasileira como Bitcointrade, Foxbit, Negociecoins, ou qualquer outra e transferir para Cryptopia ou outra Exchange que preferir e comprar seus ETN´s. A primeira vez é um pouco mais trabalhoso, mas depois que se tem tudo montado é simples. Vale comentar que não se tem data ainda para início de pares na BINANCE. STORAGE e COLD STORAGE Uma vez que foi comprado ETN, se tem 3 opções: manter na Exchange, essa é tradicionalmente a pior opção pelo risco de hackers invadirem a Exchange escolhida e roubarem todas as moedas, além de muitas vezes em caso de forks não se receber a nova moeda (como ocorreram em diversos forks de BTC, como Bitcoin cash por exemplo) Transferir para o App, o App é uma opção segura, mas tão segura quanto sua segurança digital, se seu computador / celular não estiver protegido suas moedas podem ser facilmente roubadas (isso vale para qualquer moeda, inclusive R$ em contas bancarias). PAPER WALLET, Essa é a opção mais segura, no link pode se gerar uma carteira, imprimir e guardar em um local seguro, pode se ter várias copias e distribui las em locais de confiança. Todo o processo pode ser feito off-line, sem nunca expor a carteira na rede. O grande risco aqui é de se perder a carteira impressa e, portanto, todos os fundos (similar a outros cold storages, como a Nano S por exemplo) KYC ETN instituiu a necessidade de efetuar o KYC - known your customer. Apesar de desagradar algumas pessoas, é uma atitude importante para viabilizar novas parcerias, principalmente com seu grande alvo que são as empresas de telecomunicações e ter acesso a um público ainda maior em todos os continentes. Um mal necessário que visa principalmente evitar o uso da moeda para lavagem de dinheiro e que já é bem usual nos ICO´s. São 3 níveis, de aco

11 hours ago


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