Archive | June 7, 2018

India’s bitcoin boom is fueling a surge in cryptocurrency crime – Quartz

QuartzIndia’s bitcoin boom is fueling a surge in cryptocurrency crimeQuartzIf a dithering government, a vacationing court, and an unfriendly central bank weren’t bad enough, India’s embattled cryptocurrency ecosystem is now staring at another problem—a spate of crimes. The most prominent scam involving digital currencies in …and more »

South Africa’s Central Bank Debuts Interbank Settlement System on JPMorgan’s Quorum

The South African Reserve Bank (SARB) has released its report on Project Khokha, a Proof-of-Concept designed to simulate a real-world trial of a distributed ledger technology (DLT)-based wholesale payment and settlement system. Project Khokha: South Africa’s Blockchain-Based Settlement System The Proof-of-Concept (PoC) is for interbank transfers using Quorum, JPMorgan’s Ethereum-based blockchain. An official statement detailing… […]

EOS Price Watch: Short-Term Uptrend Still Intact

EOS Price Key Highlights EOS continues to trend higher following its previous upside breakout from consolidation. Technical indicators appear to be suggesting that the rallies could continue. Price is currently testing the channel support and might be due for another bounce to the top at 16.000. EOS is still trending higher inside an ascending channel… […]

Dennis Rodman’s Trip to US-North Korea Summit Potentially Sponsored by Potcoin

A spokesman for a cryptocurrency named PotCoin has confirmed that it is in talks with Dennis Rodman to potentially sponsor his trip to next week’s historic United States-North Korea summit in Singapore. PotCoin has sponsored Dennis Rodman on a previous trip to North Korea in 2017. He was spotted in Beijing, China’s airport wearing PotCoin […]

Bitcoin (BTC) Price Watch: New Triangle Pattern Forming

Bitcoin Price Key Highlights Bitcoin price has formed higher lows and found resistance at the $7,700 level to create an ascending triangle. Price is testing the top of the triangle and might be due for a move back to support. Technical indicators are suggesting that support might continue to hold and lead to another bounce… […]

Andy Warhol Is a Bitcoin Star for 15 Minutes – Bloomberg

BloombergAndy Warhol Is a Bitcoin Star for 15 MinutesBloombergThe world of finance isn’t done yet with its effort to turn artistic masterpieces into tradeable securities. A decade ago it was hedge funds and bankers selling small shares in works by Andy Warhol and his ilk as investment opportunities. Today it’s …Andy Warhol Art To Be […]

Ripple Price Analysis: Can XRP/USD Hold Gains?

Key Highlights Ripple price failed to move above the $0.6880 resistance and declined a few points against the US dollar. Yesterday’s highlighted important ascending channel is intact with support at $0.6700 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair must stay above the $0.6700 support area to avoid any… […]

Bitcoin Dev Corallo Suggests BetterHash Protocol for More Decentralized Mining

A Bitcoin core developer, Matt Corallo, has proposed a new protocol named BetterHash that would make Bitcoin mining more decentralized. He published a draft of the Bitcoin Improvement Proposal on GitHub. The most widely deployed mining protocol, Stratum, requires pool operators to distribute block templates to pool users. This increases centralization of the Bitcoin mining […]

The world’s largest producer of bitcoin mining chips, which is run by a 32-year-old billionaire, is reportedly … – Yahoo Finance

Yahoo FinanceThe world’s largest producer of bitcoin mining chips, which is run by a 32-year-old billionaire, is reportedly …Yahoo FinanceThe world’s largest producer of bitcoin mining chips, Bitmain Technologies, might be considering going public. Bitmain’s founder, the cryptocurrency billionaire Jihan Wu, told Bloomberg that Bitmain was considering an initial public offering as it …Chinese Bitcoin […]

Ethereum Price Analysis: ETH/USD Targets Fresh Highs

Key Highlights ETH price is struggling to clear a significant resistance near $614 against the US Dollar. There is a major bullish trend line formed with support at $598 on the hourly chart of ETH/USD (data feed via Kraken). The pair may continue to trade in a range before making the next move either above… […]

Asian Cryptocurrency Trading Roundup: Siacoin Readies for OKEx Listing

FOMO Moments Current performing altcoins are Siacoin, Waves, DigixDAO and Huobi Token. More sideways action as we end the week in crypto land. Markets have lost a little today wiping out their minor gains yesterday. Total market cap has fallen marginally to just over $340 billion. There is red across the boards and all cryptos… […]

Bitcoin Cash Price Analysis: BCH/USD Eyeing Upside Break

Key Points Bitcoin cash price is currently facing a strong resistance near $1,160 against the US Dollar. There is a major bearish trend line forming with resistance at $1,160 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair might dip a few points, but the overall bias is positive above… […]

Who really owns bitcoin now? – Financial Times

Financial TimesWho really owns bitcoin now?Financial TimesOn the final day in his insurance job last week after 14 years in the sector, Donnie wore a T-shirt emblazoned with a rocket logo, the symbol for bitcoin, and the slogan “to the moon”. The phras…