Day: September 12, 2017

Key Points Bitcoin cash price is struggling to hold $540 against the US Dollar, and might test $500 once again. There is a descending channel pattern with current resistance at $580 forming on the hourly chart of BCH/USD (data feed from Kraken). The price is likely to continue moving down and could even test the … Continue reading Bitcoin Cash Price Technical Analysis – BCH/USD Heading Lower

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Korea’s third largest bitcoin exchange Coinone has opened a physical cryptocurrency exchange. Six cryptocurrencies are supported including bitcoin, bitcoin cash, and ether. The complex has a bitcoin ATM, a large display board with market information and features a face-to-face consultation service.

Also read: South Korea Takes Steps To Regulate Digital Currencies

Coinone Blocks Launched

South Korean bitcoin exchange Coinone announced on Monday the launch of Coinone Blocks, which the company described as “the world’s first blockchain 4D zone.” The new brick-and-mortar branch enables offline cryptocurrency exchanges as well as offer other services including face-to-face consulting on cryptocurrency trading, Korea Joongang Daily detailed.

In addition to all the services customers can expect from the exchange’s online platform and the in-person consultation service, customers can also purchase USB hardware wallets there.

The complex has a bitcoin ATM as well as a large display board with market information on six digital currencies that can be traded on the exchange. Currently, supported cryptocurrencies are BTC, BCH, ETH, ETC, XRP, and QTUM.

Coinone Blocks is located in Yeouido, Yeongdeungpo District in southwest Seoul. Its operating hours are Monday through Friday from 10 am to 6 pm.

The Need for a Physical Exchange

Coinone is the third largest bitcoin exchange in Korea, according to Coinhills. Its daily trading volume is comparable to that of the second largest exchange, Korbit. Bithumb remains the largest bitcoin exchange with approximately 76% of the domestic market share. In addition to operating a cryptocurrency platform, Coinone operates Cross, a blockchain-based remittance service.

“Consumers in Korea are recently calling for a more secure means to exchange cryptocurrencies,” Korea Joongang Daily noted. “Coinone Blocks is intended to fulfill the needs of consumers who want to receive tangible services,” a Coinone spokesperson explained.

Coinone Blocks consultants can help customers with issues regarding digital currency transactions. They can also discuss related technologies and policies as well as the future of blockchain-based finance. The complex has a lounge and meeting rooms where blockchain-related meetings can take place, Zdnet described.

“We will lead the market with customer-oriented service through the opening of Coinone Blocks,” CEO Cha Myung-hun was quoted saying, adding that:

The purpose of Coinone Blocks is to create a healthy and transparent ecosystem for digital currencies.

Last month, Bithumb launched a walk-in customer service center with a consultation service, but it does not offer the full range of exchange services Coinone Blocks offers.

What do you think of Coinone’s physical exchange? Let us know in the comments section below.

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Bitcoin price has been moving sideways while opposing factors are in play and traders await more updates from China.

The post Bitcoin Price Technical Analysis for 09/13/2017 – Stuck in a Range! appeared first on NEWSBTC.

Chase CEO Jamie Dimon slams Bitcoin as “fraud” and “scam” despite his clear conflict of interest.

September 8, 2017, Tallinn, Estonia – Leading bitcoin casino Bitcasino, operated by the Coingaming Group, has been nominated for the 2017 EGR Operator Awards in the Slots Operator category, testament to its operational excellence, consumer focus and strong growth over the past year. The awards, to be held at Grosvenor House, London, on 26th October 2017, are … Continue reading Bitcasino Nominated at EGR Operator Awards

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BTCUSD is heading towards key support levels on North Korean and Chinese Volatility. How low can Bitcoin go? Could BTCUSD survive the blows? Here is an overview weighing the good, and the bad, in the cryptocurrency world. The bad. 1- Crypto-currencies have become a tool for money laundering and criminal activities. As the most popular cryptocurrency, … Continue reading How Low Could Bitcoin Go on Negative Coverage?

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September 12, 2017, Las Vegas, USA – The creators of AML Bitcoin, NAC Foundation has announced the inclusion of Former Panamanian Ambassador to the United States, Carlos De La Guardia as the Vice President for Latin America. With this high-profile appointment, the cryptocurrency platform looks forward to its expansion and development in the Latin American region under … Continue reading AML Bitcoin: The Decentralized, AML Compliant Cryptocurrency Onboards Carlos De La Guardia

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US Department of Homeland Security is keenly interested in Blockchain-based systems, awards grant to two startups.

Web wallet provider Blockchain.info is set to enter one of the fastest growing markets for cryptocurrencies in partnership with Unocoin.

Ethbet, the world’s first truly peer-to-peer blockchain gambling platform, will open up its Crowdsale to investors beginning on September 17th at 8PM UTC. Ethbet is a new player in the world of cryptocurrency gambling and dicing, but investors are still excited about some of the enticing features that it has to offer.

Ethbet is able to offer much more than just the standard features of decentralized betting platforms such as provable fairness and on-blockchain bet execution. The unique concept behind Ethbet is its clever off-chain matchmaking service, which pairs up players to bet against each other instead of against a house. Thanks to this, Ethbet doesn’t need to charge a house edge like other casinos do, and will thus become a strong competitor in the dicing scene early on.

The project has recently announced some of their newer plans, which include adding support for users to bet using any Ethereum-based token and improving the efficiency of betting on the blockchain. With unique features such as this to look forward to, it makes sense why so many have marked this Sunday on their calendars, when investors will have their chance to get in on some of the action. As the Ethbet platform is built on top of Ethereum, its crowdsale will also only accept Ether, the currency of the Ethereum network.

The Ethbet Crowdsale is set to have a cap of only 5,000ETH, after which it will close for good. In addition to this, a surprisingly high first-day investor bonus of 50% is being offered, which is predicted to cause the crowdsale to sell out sooner rather than later. Ethbet has stated that no additional tokens will be created after the crowdsale, and that they have not held a pre-ICO and will not hold an additional crowdsale later on. Investors are hopeful that Ethbet will compare to many of the previous dicing token sales that have given investors such great profit.

The ethbet website can be visited at https://ethbet.io/. Ethbet also strongly suggests that those interested in their platform read their whitepaper at https://ethbet.io/whitepaper.pdf.

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

Actors tied to the isolated nation have been involved in attacks on crypto exchanges in South Korea, a prominent U.S.cybersecurity firm said.

There are some interesting developments taking place in North Korea right now. It appears state-sponsored hackers are actively targeting South Korean cryptocurrency exchanges these days. It may lead to additional hacks affecting such platforms moving forward. After all, there have been multiple incidents affecting South Korean exchanges throughout 2017.

North Korean Hackers Target Bitcoin Exchanges

According to a new report by FireEye, North Korean hackers have found a new prominent target to successfully annoy their South Korean counterparts. By executing these hacks, they are effectively causing financial damages to South Korean companies. Such behavior should not be allowed by any means, but it remains unclear how issues like these can be prevented in the future. After all, the hackers target South Korean Bitcoin exchanges and they have successfully caused a lot of damage.

These incidents became apparent in 2016. At that time, the FireEye team started tracking a group of hackers who were assumed to be of North Korean origin. The intrusion capabilities used by these hackers mainly revolve around cybercrime efforts involving banks and other entities in the financial system. In the past, North Korean hackers were mainly known for their cyber espionage efforts which are to be believed state-sponsored.

With this renewed focus on the financial sector, it was only a matter of time until the North Korean hackers started exploiting cryptocurrency exchanges used by South Korean citizens. So far, there have been over half a dozen recorded incidents affecting exchanges thanks to North Korean hackers. There are still state-sponsored actors who are looking to steal bitcoins and other virtual currencies to evade sanctions and come up with new ways to fund North Korea’s regime at the same time.

There have been a few recent incidents which are facilitated through spearphishing campaigns. This method involves sending bogus emails to South Korean exchange customers as a way to obtain their line credentials to drain account balances. At least three exchanges have been targeted by these attacks since May of 2017, which goes to show the state-sponsored actors are stepping up their game.

FireEye lists some of the incidents involved North Korean hackers. The Yapizon exchange compromise in April of this year, for example, is a direct result of North Korean hacker activity. There is also evidence of actions against two other unnamed exchanges, but Coinone and Bithumb are two names that come to mind. In fact, Bithumb suffered a big hack earlier this year. It is possible that specific incident involves North Korean hackers as well, but this has not been confirmed by the security firm.

All of this goes to show the war between North Korea and South Korea is beginning to include Bitcoin and cryptocurrencies. With these currencies largely unregulated by both nations, there are no official repercussions for stealing customer funds. It also provides the state-sponsored hackers with a powerful financial tool to fund future operations. It will be interesting to see how this situation unfolds over the coming months and years.

Soferox is a brand new blockchain concept (Proof of Pact) created by blockchain experts to maximize all the benefits of current blockchain systems, while at the same time minimizing the difficulties. The company is seeking to launch via ICO, starting with a presale that is occurring right now, and concluding with a public sale starting … Continue reading The Next Generation of Blockchain is Here, and Its Name is Soferox

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AMD and Nvidia’s work to attract cryptocurrency miners is paying off in the stock market, analyst Jefferies said today.