Day: July 9, 2017

The online gambling industry is in an interesting phase where new gambling platforms are causing disruptions. The latest gambling platforms are open source and offer fair play gambling experience with no server architecture. One such platform trying to herald a new way of gaming is iDice.io. iDice allows for players to place bets in units … Continue reading The Reasons Behind the Soaring Popularity of iDice.io

The post The Reasons Behind the Soaring Popularity of iDice.io appeared first on NEWSBTC.

Bitcoin has essentially remained flat for the week, and it is no coincidence that price action has slowed as a protocol altering event, UASF/BIP148 approaches. The spot price appears stuck in heavy triangular consolidation. Traders will note the descending volume profile, and expect a heavy spike in volume upon resolution of the consolidation.

Key Highlights Ethereum classic price finally broke an important pattern and traded towards $14.50 against the US Dollar. This past week’s major contracting triangle pattern with support at $16.90 on the hourly chart (data feed via Kraken) of ETC/USD was breached. The price corrected lower after trading as low as $14.47, but failed to regain … Continue reading Ethereum Classic Price Technical Analysis – ETC/USD Breaks Down

The post Ethereum Classic Price Technical Analysis – ETC/USD Breaks Down appeared first on NEWSBTC.

Key Highlights Creditbit price after a rise towards the 0.00030BTC resistance failed to maintain the bias against the Bitcoin. There was a break below a bullish trend line with support at 0.00027BTC on the 7-day chart of CRB/BTC (data feed from Coinmarketcap). The price is now retesting the most important support zone near 0.00022BTC. Creditbit … Continue reading Creditbit Price Technical Analysis – CRB/BTC Fails Near 0.00030BTC

The post Creditbit Price Technical Analysis – CRB/BTC Fails Near 0.00030BTC appeared first on NEWSBTC.

Bitcoin price is moving closer to the peak of its triangle pattern, so traders are on the lookout for a big breakout.

The post Bitcoin Price Technical Analysis for 07/10/2017 – Time for a Breakout? appeared first on NEWSBTC.

After a bit of a standoff late last week, MobileGo resumed its selloff against bitcoin, ethereum, and the dollar to chalk up significant losses.

The post MobileGo Price Technical Analysis for 07/10/2017 – Downside Breaks as Expected appeared first on NEWSBTC.

The” Digital Gold” is in the process of displacing the actual gold from its coveted position as an investment instrument and a store of value. Bitcoin and more recently Ethereum have become the investors’ favorite following their stellar performance. Thanks to the rapid growth of both cryptocurrencies this year, the digital currency market is witnessing … Continue reading Investors Find Digital Gold to Be More Attractive Than Actual Gold

The post Investors Find Digital Gold to Be More Attractive Than Actual Gold appeared first on NEWSBTC.

Various financial institutions are looking for ways to make Bitcoin investing accessible to mainstream investors. That is difficult due to [the lack of] regulatory measures. Vontobel, a Swiss institution, introduced their Bitcoin tracker certificate in July of 2016. Let’s take look at what this product is all about and how it can affect the future value of Bitcoin.

Vontobel’s Bitcoin Certificate is a Mainstream Tool

Mainstream investors will not buy cryptocurrency from an exchange or a Bitcoin ATM. Instead, they will look for OTC trading opportunities, or even use dark pools to place large orders not linked to a public order book. The one downside to doing so is how investors are directly exposed to price volatility, which is something most people prefer to avoid for obvious reasons.

Several initiatives have been launched to introduce Bitcoin to mainstream investors through traditional investment vehicles. The Bitcoin ETFs are by far the best-known examples, although none of them have a good chance to succeed right now. The SEC will likely not approve an official Bitcoin ETF. There is a huge lack of regulation, and it will take months, if not years until that situation changes.

Vontobel, a Swiss company, has tried doing things a bit differently. In July of 2016, they became the first Swiss issuer to offer a tracker certificate on Bitcoin. Any investor who this Bitcoin’s future is bullish can participate in investing through a traditional financial vehicle. Vontobel’s Bitcoin certificate is publicly traded on the SIX Swiss Exchange. The world will need more offerings like these, as there is a lot of capital waiting to venture into cryptocurrency through traditional solutions.

The Vontobel certificate on Bitcoin is denominated in US Dollar and keeps track of the Bitcoin price in USD. Investors can purchase this investment certificate to invest in Bitcoin indirectly. Not being exposed to price volatility directly and still being able to reap all of the potential profits makes the Vontobel Bitcoin certificate an intriguing investment. Every certificate is valid for two full years, which means it is a longer term investment.

Given Bitcoin’s price surge throughout late 2016 and early 2017, the Vontobel Bitcoin certificate has helped Swiss investors profit nicely. Bitcoin’s momentum is far from over, and the price may even hit $5,000 in the next year or so. The prospects of the future Bitcoin price are looking good. This also means investment opportunities such as Vontobel’s Bitcoin certificate will become more appealing to mainstream traders and investors.

At the time of writing, the VONCERT on Bitcoin was valued at $2,677, which is around $120 above the actual Bitcoin market price. It is not uncommon for these traditional investments linked to Bitcoin to include a slight premium to the global market average. In all markets, investors have to pay a premium for the convenience.

The blockchain segment in India is off to a good start. As more companies are looking forward to exploring the use of blockchain technology within their organizations, the demand for blockchain experts is on the rise. The trend, which until now was visible in the European and American markets has now made its way into … Continue reading India Registers a Rise in Demand for Blockchain Courses and Experts

The post India Registers a Rise in Demand for Blockchain Courses and Experts appeared first on NEWSBTC.

There are many different types of cryptocurrency ransomware in circulation. Most of the existing strains often see variants of their own codebase surface. CryptoMix ransomware has been popular over the past year or so, and security researchers came across an new variant called Azer. This particular malware has some intriguing characteristics which are worth discussing.

Azer is an Interesting Breed of Malware

We have seen many different malware and ransomware. In most cases, new variants make life a lot more difficult for both victims and security researchers. The ransomware market will continue to boom over the coming years. With the number of threads increasing every month, things will only get more troublesome.

The Azer variant of CryptoMix ransomware is a good illustration of what we can expect in the future. CryptoMix ransomware has been in circulation for quite some time and the latest Azer variant boasts some interesting changes compared to what we have gotten used to over the past few months. It is an interesting case study of likely trends to come.

First of all, it appears the ransom note of Azer is quite different from what we have seen from CryptoMix ransomware. The name has been changed, and the instructions are brief. Victims are asked to send an email to the criminal before they can receive payment information. This shows Azer is not using a command & control service, which is a new trend we have seen emerge in popularity throughout 2017.

Azer is perhaps one of the first types of ransomware to completely operate in an offline manner. This is unusual, since using online communications is the norm in the malware. Seeing a malware which prefers no network communication is strange but may herald a major change in the ransomware scene.

Just because Azer works completely offline does not mean the encryption will be easy to break. In fact, the malware embeds nearly a dozen different public encryption keys. It is unclear which key is used to encrypt victim files since the process seems to be completely random. In most cases, ransomware uses one RSSA-1024 encryption key. Seeing a new type of malware switch over to using ten different keys is significant. It certainly does not make the job any easier for security researchers.

Ransomware developers are still exploring new options to make their creations even more dangerous. Giving victims fewer chances to decrypt files or restore files from a backup will eventually result in more payments being made. At this time, it is unclear how much victims need to pay to get rid of the Azer malware. This will not be the final CryptoMix variant either, as the criminals will improve their devious craft.