Rememberful Bitcoin News.
According to a board member at the Swiss National Bank, enthusiasm has waned for issuing a state-backed digital currency
According to a board member at the Swiss National Bank, enthusiasm has waned for issuing a state-backed digital currency
If you have ever been confused by patterns flashing on crypto charts, this crash course on candlesticks will help clear a few things up.
If you have ever been confused by patterns flashing on crypto charts, this crash course on candlesticks will help clear a few things up.
The regulatory crackdown on fraudulent and malicious cryptocurrency operations has continued, with more reports showing scams falling to the might of regulators. The BleepingComputer reported that Ukrainian men had been arrested on suspicions of the operation of fraudulent cryptocurrency exchanges. Four Men, Over Six Fake Cryptocurrency Exchanges According to the aforementioned article from a popular…
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The regulatory crackdown on fraudulent and malicious cryptocurrency operations has continued, with more reports showing scams falling to the might of regulators. The BleepingComputer reported that Ukrainian men had been arrested on suspicions of the operation of fraudulent cryptocurrency exchanges.
According to the aforementioned article from a popular technology news source, BleepingComputer, the four suspected criminals, all under 26 years old, were all arrested in the Ukrainian city of Dnipro last week.
It is unclear how police managed to track down this group, however, their involvement in fraudulent cryptocurrency exchanges was undeniable. The four created over six fake exchange services, using a variety of fraudulent reviews to maintain a mirage of ‘positive’ reputation.
After securing the trust of unsuspecting consumers, the four would embezzle the deposited funds, transferring the cryptocurrencies to their personal wallets.
Although this sounds easy enough, Ukrainian police said the criminals held “special knowledge and skills in the field of programming.” These skills, along with “their own CMS-system for managing the content of the exchange sites,” must have given these users the power to create fraudulent exchanges that eerily resemble bonafide sites.
A representative of the Ukrainian Police noted that it is likely that the criminals ran more exchanges, stating:
“The list of sites is not complete.”
The police are now asking users to give details about their use of exchanges, with these details helping investigators determine the extent of the criminals’ web.
To aid investigation efforts, police were required to raid the homes of the suspects, obtaining computers, flash drives, smartphones and other technological equipment that may pertain to the case. It is reported that officers are currently sifting through the data on the seized hardware to determine the financial damage caused by the thefts.
Across the pond, Canadian and American regulatory bodies have begun to crack down on fraudulent cryptocurrency firms, in a collaborative effort affectionately named “Operation CryptoSweep.”
According to a press release from multiple regulatory bodies, Operation CryptoSweep is a collection of regulators from all across Canada and the U.S, with many of the regulators being state or province based. The group of regulators made investigations into over 60 suspected operations, with 35 enforcement actions taking effect in the month of May.
The operation specifically targeted questionable ICOs along with cryptocurrency investment opportunities which look ‘too good to be true’. This enforcement action was well received by the community, who felt like this was well-needed in the industry.
Users have become more aware of this issue after the collapse of an infamous Ponzi scheme, BitConnect, which reportedly stole over $1 billion of funds from users. However, this has not stopped the few unwary individuals who have allocated their funds to fraudulent operations. But many expect the collapse of more scams, as regulators begin to suppress the propagation of cryptocurrency scams.
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CNBC is back again, with more cryptocurrency antics on the ‘Fast Money’ segment. However this time, Fast Money host, Melissa Lee, took jabs at the cryptocurrency market, holding a ‘funeral’ for Bitcoin. Fast Money Holds “Funeral” For Bitcoin, As Bitcoin approached $6,000, the aforementioned Fast Money host questioned if she should still cover Bitcoin…
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CNBC is back again, with more cryptocurrency antics on the ‘Fast Money’ segment. However this time, Fast Money host, Melissa Lee, took jabs at the cryptocurrency market, holding a ‘funeral’ for Bitcoin.
As Bitcoin approached $6,000, the aforementioned Fast Money host questioned if she should still cover Bitcoin and other cryptocurrencies? Deciding that the answer was no, Mellisa decided to head a little segment covering key and memorable events in CNBC’s cryptocurrency coverage.
Melissa mentioned popular cryptocurrency-related guests on the show, including Tom Lee, Mike Novogratz and Brad Garlinghouse, all powerhouses in the industry. She also noted the predictions held by Novogratz and Tom Lee, at $40,000 and $25,000 respectively.
Poking fun at the “cryptocurrency characters”, Melissa said:
“And then there were the characters. Bitcoin Jesus (Roger Ver), the Oracle of Bitcoin, all 500 of the Ethereum co-founders and who could forget the Coinbase screengrab and mindless trolling on Twitter.”
These mentions were all references to appearances of these “characters” on the CNBC segment, with the aforementioned personalities having memorable experiences on the show.
Although this may sound like FUD, this was actually a lead-in to Brian Kelly’s opinion on the current cryptocurrency market, disguised as a “funeral” by the CNBC production team.
Brian Kelly fired back at the so-called ‘funeral’, jokingly stating:
“Hold on. Hold on. I have a couple of things I want to say here. This is not the funeral for Bitcoin whatsoever.”
Kelly, CNBC’s in-house cryptocurrency analyst gave three reasons why BTC is set for a “resurrection.” Firstly, the analyst noted that sentiment is reaching a low, implying that sentiment could soon move upwards, bringing prices with it.
He said:
“You know when the Bitcoin bug came on, that was just around the highs. So when we start to declare a ‘funeral’, and things get really horrible, the sentiment is approaching the lows.
Secondly, Brian referenced the recent regulation regarded Japanese exchanges in particular. The Japanese Financial Services Agency (FSA), has recently implemented new rules for exchanges, requiring these institutions to improve security systems. Additionally, the FSA has made moves to reduce money laundering through crypto, by banning privacy coins, along with implementing stricter KYC/AML guidelines.
Although these measures may seem drastic, Kelly still felt like these rules were necessary, stating:
“For the short run, it is going to be a little tough because they are stopping new accounts from coming in. But actually they are cleaning up the system, they are making sure it is more robust, making sure it is better for people.”
Last but not least, he noted that Mt.Gox is working to pay back its creditors with over $1 billion worth of Bitcoin. Although these creditors may instantly sell their Bitcoin for cash, Mt.Gox will not distribute the recovered assets until February 14, 2019.
Yesterday’s ‘Fast Money’ segment was by no means a funeral for BTC, as Brian Kelly made it clear that Bitcoin is going nowhere.
Featured Image From Shutterstock
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With video content sharing and Vlogs being The Major Hot Thing in the last couple of years and the meteoric rise of privacy and monetization of the concept, Viuly is a decentralized video content platform that is designed to fill the gaps and shortcomings left by the current platforms. Viuly: Going Live The platform has …
The post Viuly: Decentralized Video Sharing Platform Goes Live With Beta Release. Announces Games And Free Token Giveaways To Celebrate appeared first on BitcoinNews.com.
With video content sharing and Vlogs being The Major Hot Thing in the last couple of years and the meteoric rise of privacy and monetization of the concept, Viuly is a decentralized video content platform that is designed to fill the gaps and shortcomings left by the current platforms.
Viuly: Going Live
The platform has recently released the beta version of its website on 15th June. The event is marked by a live stream by the team behind Viuly. Other interactions include different games with prizes such as VIU tokens.
The live event showcases updates on the platform and its user interface. Participants can access the live stream through the link given on the website. Users can alternatively view the stream by subscribing the official Viuly channel and get updates as the event progresses. Participants will be able to play a variety of games with different prizes on the offering. Users will also be able to take part in the free giveaway of VIU, the native token powering the Viuly platform.
What Is Viuly
Viuly is a blockchain based video sharing content platform that is aimed at disrupting the billion dollar video industry with its technology. The platform offers users what no other video sharing platform in the industry does not.
The platform gives its users:
Krypton Capital Backing
Blockchain investment firm Kryption Capital has recently been impressed with the Viuly platform and has invested EUR 150,000 for furthering the cause of the decentralized video sharing platform.
Viuly aims to develop more relationships with other companies and firms to establish a strong ecosystem to grow their values together.
To know more about the video content platform, visit their website: https://viuly.io/ Follow BitcoinNews.com on Twitter at https://twitter.com/bitcoinnewscom
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Here’s why some banks are not really happy about moving to blockchain
Here’s why some banks are not really happy about moving to blockchain
Despite the anti-establishment characteristics often touted with blockchain technology, it is very popular with traditional financial institutions, especially to those in the financial sector. This doesn’t necessarily come as much of a surprise if one is to look into the transactional capabilities of blockchain networks, as well as their extraordinarily high levels of security and …
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Despite the anti-establishment characteristics often touted with blockchain technology, it is very popular with traditional financial institutions, especially to those in the financial sector.
This doesn’t necessarily come as much of a surprise if one is to look into the transactional capabilities of blockchain networks, as well as their extraordinarily high levels of security and transparency.
Traditional Meets Revolutionary
A platform called Trade.io is leveraging blockchain technology to bring those aforementioned salient features to traditional financial investments. Trade.io is an exchange platform on which users can access a number of traditional investment types such as margin interests, spreads, and commissions.
On the Trade.io platform, users will have access to a wide spread of traditional financial instruments. Trade.io uses peer-to-peer platforms to bring this broad range of assets to its exchange and in order to access these liquidity pools, users will utilize the platforms native token, Trade.
Trade.io has proven itself to be popular with international investors and the crypto-community. Having finished its token sale in January of 2018 with over 31 Million USD raised, it’s evident that this is not just another blockchain gimmick.
Both public and private entities are flocking to this platform, which boasts a bountiful, secure, and transparent exchange. It also plays host to the much coveted Token Sale Consulting Services as well as an Angel Investment Program.
Trade.io Sponsors Bloomberg Event
This year Bloomberg will be hosting its first ever, exclusively cryptocurrency related event. The Bloomberg Live event will see industry heavyweights from across the globe attending ‘The Future of Cryptocurrencies’ event. The event will be taking place at the Bloomberg Headquarters in London, England.
The by-invitation-only event will give focus to regulation, market volatility and trading strategies for the coming cryptocurrency future. 200 Leading industry executives, experts, and prominent figures will be attending the event as well as international giants such as Societe Generale, UBS, and IBM.
Trade.io will be sponsoring and giving talks at the event, with the opening remarks coming from the Trade.io CEO, Jim Preissler. The list of speakers also includes:
John Patrick Mullin, trade.io
Ajit Tripathi, Partner, ConsenSys
Mona El Isa, Melonport, CEO & Co-founder
Oliver con Landsberg-Sadie, BCB Group CEO
Nic Niedermowwe, Prime Factor Capital Co-Founder & CEO
Stijn Vander Straeten, CEO, Crypto Storage Ag
Jim Preissler, trade.io’s CEO spoke recently about the upcoming event, stating that Bloomberg’s involvement in this event illustrates how crypto and blockchain are becoming more and more accepted by mainstream finance.
Preisser promised that the event would include many interesting, thought-provoking panels which will include an opening statement from himself, Director of Research & Development, John Patrick Mullin.
Trade.io view this as a great opportunity to both showcase the companies industry knowledge and technology and bring a greater understanding of the cryptocurrency and blockchain industry and how it can also enhance traditional financial markets.
The event begins Friday, June 29th, 08:30 am GMT, and ends at 1 pm. The event is to be hosted at the Bloomberg Headquarter, 3 Queen Victoria Street, London.
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To quantify, ADA is down eight percent and this means sellers have since reversed all of April gains. At current prices, bears are one cent away from 12 cents, a key support line marking the last three months support. From the News It’s no doubt that blockchain is here to stay and it’s because of…
The post Charles Hoskinson: Blockchain and Cardano will Outlive Media FUDs: Cardano (ADA) Technical Analysis (June 23, 2018) appeared first on NewsBTC.
To quantify, ADA is down eight percent and this means sellers have since reversed all of April gains. At current prices, bears are one cent away from 12 cents, a key support line marking the last three months support.
It’s no doubt that blockchain is here to stay and it’s because of this sole reason that many think platforms using blockchain advantages will follow suit and be here through time immemorial. Some proponents like Charles Hoskinson, whom we all know as the original member of Ethereum but left due to disagreement rooting from how Ethereum’s structure was being arranged-are upbeat despite media flooding the sphere with unnecessary FUDs. Yes, there is room for future growth and with Cardano being at the early age of blockchain development, there is room for growth. It’s the specific stage that makes the overall market gullible to volatility.
What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That's tens of trillions of dollars entering the space eventually. Future is bright
— Charles Hoskinson (@IOHK_Charles) June 21, 2018
Even Nick Szabo thinks the current market volatility is nothing but a battle of market certainty. Once we see who come out at the end of the tunnel overcoming political ingress and competition, market volatility will naturally smooth out stabilizing the price of Bitcoin and by extension those of ADA, which Cardano users leverage.
This #Cardanowhiteboard outlines the work that has gone into the Cardano Settlement Layer since its development began in 2016. Consisting of three main parts – Core, wallet and networking – George Agapov explains the development process here: https://t.co/OGlW2TMzmO #Cardano $Ada
— Input Output (@InputOutputHK) March 31, 2018
Remember, there is an element of complete decentralization just like those of Ethereum and Bitcoin. However, besides smart contract features, Cardano is designed to be readily compatible with calls for regulations when KYC, AML and other laws demands in the future.
It’s the duo-layered nature of Cardano that is interesting and their CSL is particularly a game changer. Besides, there are interesting developments in their wallets, core and other ancillaries. These are overly positive for Cardano and ADA once they launch.
At position eight in the liquidity table, ADA is down 16 percent in the last week alone. Considering the momentum especially after the last 24 events, this week is surely going to end as bearish. That’s unless something extra-ordinary happens. We remain neutral for now until we see how ADA sellers react at 12 cents, our key support line.
Of course after sliding eight percent in the last 24 hours, ADA sellers are firmly in charge. In my view, I recommend staying neutral in case you missed that break below consolidation in line with our previous trade plan. Going forward, the reaction at 12 cents will define ADA. That’s why waiting until we have a clear sense of direction is important for now. If in case there is a break below, then sell on every pull back with stops at 15 cents and targets at 7 cents.
The post Charles Hoskinson: Blockchain and Cardano will Outlive Media FUDs: Cardano (ADA) Technical Analysis (June 23, 2018) appeared first on NewsBTC.
