Crypto News Feed

This crypto news feed page draws news from some of the more respected crypto portals on the net. Please be aware though that these are not usually official news press releases and may contain bias from the writers in question.

Disclaimer: As with any form of media, some degree of journalistic license and potential bias should always be taken into account when reading news articles, and Wise Cryptos advises against investing based on information garnered from one source only.

Crypto News Feed:

  • News - 17 October 2019, 8:39 am

    Broadway’s largest ticket operator, the Shubert Organization, is integrating a blockchain solution into its business to prevent ticket fraud. Broadway’s largest ticket operator, the Shubert Organization, is integrating a blockchain solution into its business in a forthcoming pilot targeted at combating ticket fraud.The organization, via its Telecharge and Shubert Ticketing division, has partnered with Boston-based startup True Tickets, which offers an IBM blockchain-powered mobile ticketing solution. News of the partnership was revealed in an Oct. 16 report from Fast Company.Combating ticket fraud with blockchainTrue Tickets, which was selected to take part in this summer’s inaugural Broadway Tech Accelerator, will see its digital ticketing service integrated into components of the organization’s ticket sales businesses, including and its group discounts service Broadway Inbound.True Tickets CEO Matt Zarracina has said the pilot enables the startup to implement its blockchain solution for the benefit of clients as part of a “massive multichannel marketplace.”As Fast Company notes, Broadway — as many entertainment industries — is plagued by ticketing scams, such as the resale of fake or duplicate tickets. Therefore, it is hoped that blockchain can go some way toward restoring transparency for businesses and consumers.Prior initiativesIn fall 2018, Cointelegraph reported on the acquisition of blockchain-focused live events firm Upgraded by global ticketing giant Ticketmaster. At the time, Ticketmaster said it planned to digitize traditional tickets into interactive units protected by blockchain technology via encrypted barcodes in a bid to combat fraud.Read More

  • Oracletimes - 17 October 2019, 8:13 am

    Bitcoin has suffered a strong correction not too long ago, and now the market looks pretty bloody, with most coins trading in the red. The most important digital asset is no exception, and Bitcoin is trading in the red at the moment of writing this article, and BTC is priced at $8,021.22. But the high … Continue reading “Bitcoin, Ethereum, XRP, Bitcoin Cash And Litecoin-Based Shares See Regulatory Approval” The post Bitcoin, Ethereum, XRP, Bitcoin Cash And Litecoin-Based Shares See Regulatory Approval appeared first on Oracletimes.Read More

  • News - 17 October 2019, 7:59 am

    The United Nations Development Programme has partnered with Dutch NGO the FairChain Foundation to use blockchain for the more equitable funding of cocoa farmers. The United Nations Development Programme has partnered with Dutch NGO the FairChain Foundation to use blockchain for the more equitable funding of cocoa farmers.According to an Oct. 17 report from SpringWise, the partners will launch a new chocolate bar, made with Ecuadorian-grown cocoa, together with a token-based scheme that allows consumers to contribute directly to cocoa producers. Blockchain can “turn every product into a capitalist impact engine”As the report outlines, each bar — being marketed as “The Other Bar” — contains a QR code within its wrapper that consumers can use to donate a blockchain token directly to farmers.When scanned, QR code also reveals how much the farmer was paid for the cocoa used to produce their bar, as well as indicating the GPS coordinates of the cacao tree from which the cocoa for their bar was harvested. According to SpringWire, while chocolate production represents a $92 billion global industry, farmers currently only receive 3% of the value of the cocoa used for marketed products. Many of them do not earn a living wage.FairChain’s project aspires to ensure that farmers are better paid for their cocoa, with a target of achieving a price of €3,080 per metric ton for their cocoa. FairTrade reportedly pays farmers €3,080 per metric ton, while commercial buyers pay roughly €1,721.FairChain Foundation founder Guido van Staveren has said that:“The whole idea is to use technology to influence consumer behavior and basically turn every product into a capitalist impact engine.”Donation transparencyEach of the tokens in The Other Bar project is reportedly worth around one-quarter of the value of a cocoa tree. The funding raised will be used to plant new trees, with consumers able to…Read More

  • News - 17 October 2019, 7:28 am

    Three major Bitcoin sidechains currently have a combined balance of over 9,000 BTC, or $71 million. Almost $77 million of Bitcoin (BTC) is currently unavailable to use on the network — not because it is lost, but because it is locked up in sidechains. Bitcoin sidechains: a nascent marketData from block explorers confirms that as of Oct. 17, a total of 9,661 BTC ($76.96 million) or a tiny 0.054% of today’s Bitcoin supply resides in three major sidechain projects.Sidechains are separate blockchains tied to a cryptocurrency’s regular blockchain, i.e. mainchain. Users can interact with it via a pegging mechanism; they send funds to and from the sidechain, with security features ensuring coins are not available on both chains at once.Sidechains have existed for several years and have various functions depending on developers’ aims. Blockstream’s Liquid sidechain, or LBTC, for example, focuses on interexchange operability while giving traders enhanced features not yet available on the Bitcoin mainchain. Binance Chain leads balancesLiquid, which launched in October 2018, currently includes a modest 89 BTC ($709,700). That figure is dwarfed by the largest sidechain, Binance Chain, which has 9,001 BTC ($71.74 million).Even the Wrapped Bitcoin (WBTC) sidechain, which is in fact an Ethereum-based ERC-20 standard token, has 571 BTC ($4.55 million) — more than Liquid.WBTC debuted in January this year, while Binance Chain — cryptocurrency exchange Binance’s in-house project — got its mainnet unveiling in April. This week, wallet provider Blockchain and digital asset manager CoinShares launched a Bitcoin sidechain of their own in the form of a gold token network.Read More

  • Oracletimes - 17 October 2019, 6:29 am

    The mass adoption of Bitcoin and cryptos has been one of the main goals that the crypto space had for this year and things have been going great so far. Buy crypto via Wyre From now on, millions of Apple Pay and Google Pay users can purchase crypto via Wyre. The company’s new products will … Continue reading “Crypto Mass Adoption: Buy Bitcoin, Ethereum, And Dai Via Apple Pay And Google Pay” The post Crypto Mass Adoption: Buy Bitcoin, Ethereum, And Dai Via Apple Pay And Google Pay appeared first on Oracletimes.Read More

  • News - 17 October 2019, 1:35 am

    The Sacramento Kings NBA basketball team is giving away 100 limited-edition, Ethereum-based collectible toys throughout the 2019–2020 season. The Sacramento Kings NBA basketball team has partnered with CryptoKaiju to launch crypto-collectibles. In a press release on Oct. 16, the Sacramento Kings announced a new collaboration with the creator of Ethereum-based Kaiju toys, CryptoKaiju. The companies will give away 100 limited-edition Kaiju collectible toys throughout the 2019–2020 basketball season. Each collectible is backed by a non-fungible token, meaning that no two are the same. 15 of these toys will come with a unique experience or prize, such as courtside seats, VIP tours, and signed merchandise, among others. Sacramento Kings CTO Ryan Montoya said: “We are thrilled to bring these unique, limited-edition collectibles and immersive experience to our fans. We are always looking for ways to be on the leading-edge of enhancing fan interaction, and this partnership with CryptoKaiju is an exciting opportunity to continue to employ technology that delivers innovative products and content to our fans.” The collaboration follows last week’s news that the NBA basketball team is launching a blockchain-powered rewards program within its gaming app Call the Shot, which will also be available in the upcoming season. Sacramento Kings already accepted Bitcoin in 2014 Following a partnership with major cryptocurrency payment processor BitPay, the NBA basketball team became one of the very first sports teams to accept Bitcoin (BTC) for its team store in 2014. In August 2019, the Dallas Mavericks started accepting BTC as a means of payment for match tickets and merchandise.Read More

  • News - 16 October 2019, 11:17 pm

    Telegram is asking investors whether they will agree to postpone the TON launch deadline. Encrypted messaging service Telegram wants to postpone the launch date of its Telegram Open Network (TON) following issues with the United States Securities and Exchange Commission (SEC).According to an investor message seen by Cointelegraph on Oct. 16, Telegram told investors that it wants to push back the deadline to April 30, 2020.The launch was initially set for late October, but the SEC abruptly declared its $1.7 billion dollar token offering to be illegal. Telegram raised the massive sum for its new network by selling TON’s native Gram tokens to qualified investors in two separate rounds.Problems with registration and securities classificationIn February 2018, Telegram submitted a Form D filing, which is used when a company sells a security without registering it with the SEC.Under Form D, a firm is allowed to proceed with a securities offering without registering with the SEC should it offer it solely to qualified investors. However, since the investors in Gram tokens would be able to resell their assets, the SEC considered this a violation of the exemption.As such, the commission’s full complaint alleges that Telegram and TON did not register their sale of GRM tokens, which the SEC considers securities.Vote required to move back deadlineIn Wednesday’s letter to investors, Telegram states that moving the deadline requires the permission of holders of a majority of purchase amounts paid to Telegram regarding the Stage A purchase agreements. The deadline in the purchase agreements from the pre-sale round can also be extended in the same manner. However, this means that one round of investors could vote to extend the deadline, while the other does not. In such an event, Telegram states:“In the event that only one group approves the extension, then that group’s purchase agreements will remain in place while…Read More

  • News - 16 October 2019, 9:48 pm

    The United States Commodity Futures Trading Commission has charged a Nevada company with violations relating to an $11 million Ponzi-like crypto scam. The United States Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action against Nevada-based Circle Society.Defendants guaranteed investors 300% returnOn Oct. 16, the CFTC announced that it was charging Circle Society and its owner, David Gilbert Saffron, with “fraudulent solicitation, misappropriation, and registration violations relating to an $11 million binary options scheme.”According to the charges, the defendants misappropriated at least $11 million worth of Bitcoin (BTC) and U.S. dollars from individuals in the United States to “trade off-exchange binary options on foreign currencies and cryptocurrency pairs, among other things.” CFTC Chairman Heath P. Tarbert said:“Fraudulent schemes, like that alleged in this case, not only cheat innocent people out of their hard-earned money, but they threaten to undermine the responsible development of these new and innovative markets. America must be a leader in this space, and we will only succeed if these markets have integrity.”The defendants are said to have duped at least 14 people into joining a pool operated by Circle Society, a fraudulent entity created by Saffron, which guaranteed up to 300% returns. Saffron is alleged to have retained the participants’ funds in his own personal cryptocurrency wallet and used them to pay new participants “in the manner of a Ponzi scheme.”The CFTC will seek civil monetary penalties, restitution, rescission, disgorgement of ill-gotten gains, and trading and registration bans, but is aware that there might not be sufficient funds or assets to cover all the losses.Tarbert says Ethereum is a commodityCointelegraph previously reported that the new CFTC chairman has said that he believes Ether (ETH) is a commodity and that ETH futures trading is becoming a reality.The CFTC previously stated that Bitcoin is…Read More

  • News - 16 October 2019, 9:20 pm

    Many major cryptocurrencies were rejected at their overhead resistances which shows weakness within the market. Is a bear market developing? The crypto market has been struggling since topping out in June but this does not mean institutional interest in crypto has diminished. The Chicago Mercantile Exchange (CME) Group tweeted that customer interest in CME Bitcoin (BTC) futures remained strong in Q3 2019 compared to Q3 2018. The total increase in open interest during this period was about 61%, which shows that the involvement of institutional traders is on the rise.Similarly, digital asset manager Grayscale Investments reported that its products received a total investment of $254 million in Q3 2019. That was a sharp increase over Q2 2019 when the investment amount was $84.8 million. 84% of the investments came from institutional investors, which shows that they continue to accumulate on dips.While this is a positive sign, the regulatory hurdles faced by Facebook and Telegram have weakened sentiment. The recent rejection of the Bitcoin exchange-traded fund proposal has not helped either. Though the markets are in the red, there is no reason to panic yet since most major cryptocurrencies are still trading above their recent support levels.Given the current state of the market, traders will closely watching to determine which levels to watch out for. Let’s analyze the charts to gain a better view of the market.  BTC/USDFrom the top of the $7,702.87 to $8,777.89 range, Bitcoin has dipped close to the bottom. After failed attempts by the bulls to break out of the range, the bears will now try to breakdown from it. The critical support zone to watch out on the downside is $7,337.78 to $7,702.87.If the support zone cracks, the downtrend will resume and the next strong support is way lower at $5,533, which is the 78.6% Fibonacci retracement…Read More

  • News - 16 October 2019, 9:05 pm

    The deputy governor of Banque de France said that central banks really only have three available options to address cryptocurrencies: ignore, ban or adopt. Denis Beau, the deputy governor of France’s central bank, Banque de France, recently delivered comments regarding the approach of central banks to cryptocurrencies.Establish appropriate cryptocurrency regulations On Oct. 16, Beau spoke at the Official Monetary and Financial Institutions Forum conference in London, where he discussed the role of cryptocurrency assets in today’s global financial payment system.Beau stated that the traditional bank-based ecosystem could face significant changes due to the many technological developments, such as blockchain and distributed ledger technologies, explaining:“With the emergence of so called crypto-assets […] and so called stablecoins, we may also see new settlement assets develop which may compete against and possibly, according to their promoters, replace commercial and central bank money as settlement assets at the center of our payment systems.”Beau continues by saying that stablecoins of a potentially large size and reach might present unforeseen challenges of “system-wide importance, to competition policy, financial and monetary stability.” Beau adds that central banks really only have three available options to address cryptocurrencies.The first would be to completely ignore crypto assets, which would not mitigate any of the potential risks. The second option would be to ban all cryptocurrencies — and the third available option, which is the most preferred one in Europe and France according to Beau, is to establish and standardize crypto regulations across the board.The challenge of standardization Indeed, the lack of standardization of regulations and procedures in the cryptocurrency and blockchain spaces has been identified as a problem both by regulators and industry players. “Big Four” professional services firm Deloitte noted the lack of standardization as a major obstacle to blockchain adoption in a report last year.Monero (XMR) core developer Riccardo Spagni has previously…Read More

  • News - 16 October 2019, 7:52 pm

    The Swiss Federal Council continues to monitor new digital technology developments such as blockchain, stablecoins and distributed ledger technology. The Swiss Federal Council is continuing to keep close tabs on global stablecoin projects and their possible opportunities and challenges.Switzerland is seen as very crypto-friendlyIn a news release on Oct. 16, the Swiss Federal Council stated that it was recently informed about “current opportunities and challenges associated with stablecoins” and that Switzerland will continue to monitor new digital technology developments, such as blockchain and distributed ledger technology.The Federal Council states that, while the mountainous European country is generally seen as very crypto-friendly and “open to innovative approaches in the financial market,” it remains committed to addressing the risks related to stablecoins and cryptocurrencies, saying:“The Federal Council is committed to ensuring that the currency and stability policy challenges, in particular, are addressed through international cooperation between governments, central banks and supervisory authorities, with private providers also included.”The seven-member executive council further noted that Facebook’s Libra coin, which is to be overseen by the Geneva-based Libra Association, would be exposed to limited volatility thanks to being backed by a basket of stable fiat currencies.Libra seeks Swiss payment licenseCointelegraph previously reported that the Libra Association — the governing body of Facebook’s eponymous stablecoin project — was required to obtain a payment system license from Switzerland’s Financial Market Supervisory Authority (FINMA) for Libra. The association’s head of policy and communications, Dante Disparte, said at the time:“We are engaging in constructive dialogue with FINMA and we see a feasible pathway for an open-source blockchain network to become a regulated, low-friction, high-security payment system. This is an important step in Libra project’s evolution, and we look forward to continuing our engagement with all stakeholders over the coming months.”Read More

  • News - 16 October 2019, 7:25 pm

    Calibra head David Marcus says he is a big fan of Bitcoin, but it is totally different to Libra. ⁠David Marcus, the head of Facebook’s forthcoming cryptocurrency wallet Calibra, said that he is a fan of Bitcoin (BTC) but it is totally different to the proposed Libra stablecoin.Bitcoin is digital gold, Marcus saysIn a Squawk Box interview on Oct. 16, Marcus stated that he has been looking at Bitcoin since 2012 and considers it to be akin to digital gold.When asked by Squawk Box co-host Joe Kernen if he owns any Bitcoin or other cryptocurrencies, Marcus did not answer directly but noted that he was an early fan of the major cryptocurrency. He said: “I’m a big fan of Bitcoin what I see as digital gold and totally different Libra.”Bitcoin versus non-volatile and scalable cryptocurrencyWhile treating Bitcoin as digital gold, Marcus stressed that the Libra project is seeking to create a non-volatile and scalable cryptocurrency rather than provide services for a high-volatile asset such as Bitcoin. He explained:“If there was a stable, low-volatility, scalable version of Bitcoin that we could use today, my life would be so much simpler. We could just focus on embedding that in the Calibra wallet.”Stability of fiat currencies backing LibraIn the interview, the CNBC host, who is known for his Bitcoin maximalism, asked about Libra’s backing which will supposedly consists of a basket of major fiat currencies such as the United States dollar, euro, Japanese yen, British pound and Singapore dollar. Specifically, Kernen stated that Libra’s planned peg to fiat currencies may not be a good idea, as such currencies are vulnerable to devaluation. Marcus’ statements follow those of U.S. Representative Warren Davidson, who said that Facebook using Calibra would be a “way better idea” than creating a new asset.Read More

  • News - 16 October 2019, 7:13 pm

    Ripple’s investment arm and tech incubator Xpring has invested in Swedish crypto self-custody startup Towo Labs to build hardware wallet firmware supporting XRP. Ripple’s investment arm and tech incubator Xpring has invested in Swedish cryptocurrency self-custody startup Towo Labs to build hardware wallet firmware.Xpring announced the news in a blog post on Oct. 16, stating that the startup plans to develop a new version of the XRP Toolkit and hardware wallet firmware supporting all XRP Ledger transaction types, as well as a non-custodial web interface.In a parallel announcement, Towo Labs said that the firmware will support signing cross-currency payments, escrows, orders, and trust lines, among other things. It will also enable users to prepare transactions from untrusted devices prior to auditing and signing them in a hardware wallet.Xpring widens support for XRPEarlier in October, Xpring invested in cryptocurrency wallet BRD to enable users to hold, purchase, sell and spend XRP tokens through the wallet.The announcement suggested that this could result in new kinds of decentralized financial services, including banking, lending and peer-to-peer transactions that require no intermediaries.Also this month, major cryptocurrency payment processor BitPay entered a partnership with Xpring to support payments with XRP. Xpring said that global companies are now able to accept XRP through BitPay without the need for integration and enhancements.Ripple recently announced an expansion into Iceland with its acquisition of crypto trading firm Algrim. With the acquisition, Iceland will now serve as one of the company’s engineering hubs, joining London as another European base.Read More

  • News - 16 October 2019, 5:50 pm

    United States law enforcement agencies analyzed Bitcoin transactions to locate and subsequently shut down a global child pornography site. United States law enforcement agencies have analyzed Bitcoin (BTC) transactions to locate and shut down a global child pornography site.Per an Oct. 16 press release, the U.S. Department of Justice announced the shutdown of the largest-to-date child sexual exploitation market called Welcome to Video which was operated by South Korean national, Jong Woo Son. The site offered child pornography videos for sale using Bitcoin.Crypto brings authorities closer to catching criminalsTo trace Bitcoin blockchain transactions and identify users, IRS-Criminal Investigations (IRS-CI), Homeland Security Investigations and other agencies applied software provided by blockchain analysis company Chainalysis. IRS-CI Chief Don Fort commented:“Through the sophisticated tracing of bitcoin transactions, IRS-CI special agents were able to determine the location of the Darknet server, identify the administrator of the website and ultimately track down the website server’s physical location in South Korea.”An analysis of the server indicated that each user had received a unique Bitcoin address upon registration on the website, which eventually amounted to over one million Bitcoin addresses and thus at least one million users. The release further reads:“The virtual currency accounts identified in the complaint were allegedly used by 24 individuals in five countries to fund the website and promote the exploitation of children. The forfeiture complaint seeks to recover these funds and, ultimately through the restoration process, return the illicit funds to victims of the crime.”As a result of the investigation, authorities seized nearly eight terabytes of child pornography videos, which makes it one of the largest such confiscations.There have been 337 arrests in connection with the ring, and 23 of the site’s victims were rescued in the United States, Spain and the United Kingdom.Better building trust-based relations with crypto businessesAs of July, Chainalysis…Read More

  • News - 16 October 2019, 5:37 pm

    Bitcoin price has dropped nearly 10% in 2 days but remains range-bound in a macro bullish trend. Bitcoin (BTC) price has continued its multiple-day slide, dropping 5.3% over the past two days and 9.6% from it’s $8,800 high 5 days ago. While Bitcoin bears are celebrating, the price remains range-bound, as can be seen clearly on the daily chart. Bitcoin price has been trading in this range since September 25th, the day after the large drop from $10,000. Bulls will be looking for a break above the range to signal likely price appreciation, while the bears have their eyes on the bottom for a breakdown and further downside. The price closed below the equilibrium (dashed centerline) of the range yesterday, leading to further depreciation and a likely trip to the range lows. BTC USD daily chart. Source: TradingViewMonthly view: one line to rule them allThe Bitcoin monthly chart shows the most important line which coincides with the range lows on the daily chart. There are few clear support and resistance areas on this large time frame, but the price has been hovering above one of them at $7,777 for weeks. Price action above this level remains tentatively bullish, while a monthly close below would be definitively bearish and could lead to a move down to lower support levels in the low $7,000s and $6,000s. The last 4 monthly candles look decidedly bearish, with long upper wicks on each, indicating strong selling interest from present price to the recent $14,000 highs. Bulls will look for the October candle to turn green with a long lower wick as a signal that price could be reversing and continuing its upward trend.BTC USD monthly chart. Source: TradingViewThe weekly chart shows clues of what is to comeA hidden bullish divergence with the Relative Strength Index (RSI) was confirmed…Read More

  • News - 16 October 2019, 4:46 pm

    The Supreme Court of India has postponed a hearing on the Reserve Bank of India’s circular banning banks from rendering services to crypto-related businesses. The Supreme Court of India has postponed a hearing that would consider the Reserve Bank of India’s (RBI) ban on providing services to cryptocurrency-related business.In an Oct. 16 session on the ban that prohibits banks and financial institutions from providing digital currency-related services, the court shifted the date of the next hearing to Nov. 12. The date was further extended to Nov. 19 due to national holidays in India, which fall on the date initially set.RBI criticizedIn late August, the Supreme Court slammed the country’s central bank over its handling of the cryptocurrency business ban and ordered it to address complaints, giving the bank two weeks to justify it.Originally issued in early April 2018, the RBI’s crypto circular prohibits banks from providing services to any individual or business that deals with cryptocurrencies while adding that it was also exploring releasing its own cryptocurrency in the future.Following the circular release, the High Court of Delhi criticized it — stating that the RBI’s decision to end dealings with crypto businesses violates the constitution. The Supreme Court has continued to uphold the RBI ban even after hearing a number of petitions.Complete ban on digital currenciesIn late April, the Indian government reportedly began inter-ministerial consultations on a draft law known as Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019, having found support from a number of government departments.In June, the RBI denied having any knowledge or involvement in the draft, claiming that it had no communication from the central government about the proposed law and had not received a copy of the draft bill.Later in July, a government panel recommended that the government ban cryptocurrencies and impose sanctions…Read More

  • News - 16 October 2019, 4:06 pm

    California-based luxury electric car manufacturer Karma Automotive has begun accepting Bitcoin as a means of payment at one of its stores in Newport Beach. California-based luxury electric car manufacturer Karma Automotive has begun accepting digital currency as a means of payment at one of its stores in Newport Beach.Karma Newport Beach now enables customers to pay in Bitcoin (BTC) for new vehicle purchases and related services, according to a company news release on Oct. 15. Announcing the new offering, Karma CEO Lance Zhou said:“We are opening our platform to serve as a test bed to help convert theoretical blockchain applications to practical use. Karma’s flagship store will support our efforts to prove emerging technology and provide the latest VVIP customer treatment offerings by accepting Bitcoin cryptocurrency.”The Chinese Wanxiang Group bought Karma’s assets from Fisker Automotive in 2014 for $149.2 million. It began building its flagship Revero vehicle in 2016, the new model of which retails for over $135,000. The Revero can reportedly travel 37 miles before needing a recharge. Crypto and luxury goodsCryptocurrency has found its way into the luxury goods industry, both in forms of function and payment. In September 2018, Swiss luxury watch brand Hublot released its Big Bang Blockchain watch that could exclusively be purchased with Bitcoin. Other high-end timepieces from Franck Muller have integrated cryptocurrency wallets. Franck Muller’s crypto wallet watches retail from $9,800 to $50,600.Blockchain technology in the automotive industryCar manufacturers around the world have been experimenting with crypto’s underlying blockchain technology, with the Ford Motor Company looking into blockchain and geofencing to accurately track the number of “green miles” driven by its energy-efficient vehicles. BMW, General Motors, Ford, Renault and Honda started testing a blockchain car identification and payment system in the United States.In September, Indian automobile manufacturer Tata Motors announced plans to apply blockchain solutions in…Read More

  • News - 16 October 2019, 3:58 pm

    Crypto trader and on-chain analyst Philip Swift explains how blockchain data points to a new Bitcoin all-time high and how it can be used to enhance short and long-term trading strategies. Since dropping from its 2019 high at $13,800, Bitcoin (BTC) has been in a rut which has led to the price retracing roughly 43% to $7,800. Traders would take a more conservative approach and describe the last two months of price action as consolidation which is typical after parabolic advances. With the 2020 Bitcoin halving event approaching, the ultimate question on the minds of most investors revolves around whether or not Bitcoin will reach a new all-time high on the heels of the event and more importantly, when. While every trader has his or her own style, most keep a vigilant eye on Bitcoin charts and attempt to exploit every long and short opportunity that Bitcoin’s market cycles provide. This practice can be time-consuming, tiresome and inefficient based on one’s proficiency at trading and the ability to weather the manipulative fiascos that frequently rock the crypto market. As the crypto market matures, new technical analysis methods are being developed and traders are also beginning to pay more attention to the on-chain data produced by blockchains. To dig deeper into this topic, Cointelegraph spoke with equities and crypto-market analyst Philip Swift. Swift is also the creator of the Golden Ratio Tool and the Bitcoin 2-Year MA Multiplier. Cointelegraph: Philip, thanks for taking the time to sit down to have a chat about crypto trading and technical analysis. What brought you to crypto? Philip Swift: My route into crypto was less exciting than buying drugs on Silk Road, unfortunately!  In 2016 I was looking to invest some profits from real estate investing. Traditional market investment opportunities looked awful as they were offering poor returns for…Read More

  • News - 16 October 2019, 3:07 pm

    TON was hurtling toward public release until the SEC stopped it dead in its tracks. Here is everything known about the project so far. In just the last few months, the entire landscape of the crypto industry has changed. Innovation once came from within, with a number of early influencers earning god-like status among the crypto community. In 2019, the industry is marching to a very different tune, with tech companies expanding their influence out of their respective sectors and into the realm of finance. Telegram’s Telegram Open Network (TON), powered by its own in-house cryptocurrency, Gram, hoped to be the first token-backed product for mainstream use launched by an established tech firm. Just days before the launch date, the hammer of the United States Securities and Exchange Commission (SEC) came down in full force. Momentum for TON has been building over the past few months and the token distribution set for Oct. 16 was drawing ever nearer. In August and September, Telegram released the TON testnet for both explorer and node software, launched a free wallet service for its 300 million users, and announced a controversial $400,000 bug bounty. Just as everything was falling into place for the company — the SEC stepped in. SEC issues Gram restraining orderAlthough many companies have recently launched high-profile cryptocurrency initiatives, TON was scheduled as the first of them to go live for the general public. It seemed that with each passing day, anticipation for the Durov brothers’ latest, secretive project grew. Telegram’s trademark secrecy gave the project an added layer of mystery, building upon the firm’s $1.7 billion ICO in February 2018. With its competitors like the Facebook-backed Libra bogged down with lobbying and harsh regulation, it almost looked as if Telegram knew something everyone else didn’t. But the last of their luck would soon run…Read More

  • Oracletimes - 16 October 2019, 2:17 pm

    In the beginning, the only way to obtain cryptocurrency was by mining it. Then, a few months into Bitcoin’s existence, the first primitive exchanges came along, creating a two-way marketplace for buying and selling BTC and the dozens – and then thousands – of cryptocurrencies that came after it. Today, there are hundreds of cryptocurrency … Continue reading “How to Swap Crypto Without Using a Cryptocurrency Exchange” The post How to Swap Crypto Without Using a Cryptocurrency Exchange appeared first on Oracletimes.Read More

  • Oracletimes - 16 October 2019, 1:11 pm

    The MO of malware becomes more sophisticated with each passing day, and hackers find new ways of terrifying people. Analysts have found the source of the sextortion emails that have plagued the Internet since back in 2018. Sextortion emails hide malware that mines crypto The Next Web brings up some mails that demand Bitcoin, or … Continue reading “Monero News: Bitcoin (BTC) “Sextortion Malware” Mines XMR As Well” The post Monero News: Bitcoin (BTC) “Sextortion Malware” Mines XMR As Well appeared first on Oracletimes.Read More

  • News - 16 October 2019, 1:10 pm

    Recent departures including PayPal and Visa does not mean Facebook’s Libra currency project is over, reassured Calibra head David Marcus. The head of Facebook’s Calibra has claimed that the recent withdrawal of the seven companies from the Libra Association has no impact on the project.Dropouts will still be able to work with LibraIn an interview with Yahoo Finance on Oct. 15, Calibra’s David Marcus argued that Facebook’s cryptocurrency project is “absolutely not” in jeopardy after PayPal, Visa, Mastercard, Stripe, eBay, Mercado Pago and Booking quit the Libra Association.Marcus emphasized that companies outside the formal association will still be able to offer services on the platform:“One thing that is not well understood is that you don’t need to be a member of the Libra Association to build services and products. So if Visa and Mastercard want to issue cards for Libra wallet at a later stage, they can still do it without being members of the association.”The Calibra executive further expressed his respect to the seven companies’ decision to leave the project and thanked the firms for having the courage to “look at potentially disrupting themselves.” Marcus said that he understands that the companies have a responsibility to their shareholders, which “were under a lot of pressure.”The withdrawal has nothing to do with regulatory concernsAccording to Marcus, the departure of the seven companies has nothing to do with regulatory matters as Libra project is “fleshing out all of the regulatory requirements and oversight required for this to operate.” However, the executive admitted that the process around Libra will continue to be difficult and will become even harder before it gets easier, while the association members should have the passion, energy and fortitude to press forward.The news comes after Libra was formally founded in Geneva, Switzerland, on Oct. 14, with the 21 remaining initial members,…Read More

  • News - 16 October 2019, 12:44 pm

    Bitcoin price failed to retain full support to steer clear of the $7,000 range, in line with predictions from earlier in the week. Bitcoin price (BTC) fell below $8,000 in fresh choppy trading action on Oct. 16, after several days of slow grind ended in a bearish turn.Cryptocurrency market daily overview. Source: Coin360Bitcoin greets midweek traders with $300 dumpData from Coin360 shows the largest cryptocurrency put an end to its sideways trading style on Wednesday, falling several hundred dollars in minutes.Markets at first rejected a more precipitous fall, with some exchanges showing Bitcoin reversing at exactly $8,000. At press time, those levels had given way again, under pressure while fluctuating below the $8,000 barrier on local lows of $7,930. Bitcoin seven-day price chart. Source: Coin360Commenting, Cointelegraph contributors were unsurprised by the test of support, having warned of its arrival over the past two days. For filbfilb and Michaël van der Poppe, the more significant lower boundary for Bitcoin lies closer to $7,400.Current activity is thus dictated by buyers absorbing downward movements, only to increase sentiment to drive prices lower in return. Filbfilb added to Cointelegraph that all timeframes for Bitcoin trading now look negative.“Bitcoin looking pretty ugly here,” popular Twitter trader Crypto Rand meanwhile added in further warnings on Wednesday, continuing: “Not taking positions for now. But I would be looking to add shorts on the flag retest after the potential breakdown. Always plan in advance to avoid emotional decisions.”Altcoins follow Bitcoin downhillBitcoin’s volatility meanwhile took its toll on altcoin markets. In the 24 hours to press time, many cryptocurrencies in the top twenty by market cap fell around 5%.Leading the losses were Tron (TRX), EOS (EOS) and Binance Coin (BNB), all of which shed between 6% and 7%. Conversely, Bitcoin SV (BSV) delivered 1% gains.Ether (ETH), the largest altcoin by market cap, traded…Read More

  • News - 16 October 2019, 11:33 am

    Bermuda became the first government to accept stablecoin USDC for tax payments, according to global financial services company Circle. Global financial services company Circle announced that Bermuda became the first government to accept its stablecoin USD Coin (USDC) for tax payments.Part of a broader government initiative to embrace stablecoinsAccording to a press release shared with Cointelegraph on Oct. 16, this development is part of a broader initiative, which sees the Bermuda government support “the use of USD-dollar backed stablecoins and decentralized finance protocols and services.” Circle co-founder and CEO Jeremy Allaire said:“Bermuda’s Premier made a broader announcement today about embracing stablecoins as the future of the financial system, with a focus on innovations in fintech that can deliver value not just for Bermudians, but also globally via company’s licensed under their Digital Asset Business Act.”Allaire also explained that Bermuda’s economy already relies on a United States dollar-backed currency, namely the Bermudian dollar. Because of this, he believes that “it’s natural that they would both embrace USD-backed stablecoins for their own government services.” He also claims that this Bermuda’s initiative highlights that the world is on its path towards mainstream acceptance of stablecoins for everyday payments and commerce.A comprehensive regulatory crypto frameworkCircle also announced that the firm has been awarded a “Class F” license under Bermuda’s Digital Assets Business Act (DABA) of 2018. The company claims that this license makes the company the first major cryptocurrency exchange and wallet service ever to receive such a permit. Allaire commented:“Through the DABA, Bermuda is one of the first countries in the world to create a comprehensive regulatory framework for digital currency and digital asset-based products and services, including licensing of firms operating payment systems using stablecoins. It will be interesting to see how other governments will respond to this fundamental innovation.”USDC was launched about a…Read More

  • News - 16 October 2019, 11:27 am

    London-based Finastra has partnered with Ripple to grant its customers access to the RippleNet blockchain network. London-based Finastra — the third-largest financial services technology firm in the world — has partnered with Ripple to grant its customers access to the RippleNet blockchain network.As reported by the Fintech Times on Oct. 16, the cooperation between the two firms will see Ripple’s over 200 existing clients reciprocally access Finastra’s extensive banking network, which includes 48 of the top 50 banks globally. Partnership with a financial software “global behemoth”Finastra was formed in 2017 after a merger between Misys and D+H, with the development hailed at the time as the establishment of “a global behemoth in the market for financial software.” According to the Fintech Times report, Finastra customers and existing RippleNet partners will be able to transact cross-border with end-to-end tracking and transparent oversight of fees, delivery time and status.Customers will be hosted on Ripple’s cloud solution in order to improve speed, as well as having the option to use Ripple’s XRP-powered On-Demand Liquidity solution, which purportedly offers a 3-second settlement time for international payments.In a statement, Riteesh Singh — Senior Vice President, FMS, Finastra — said that Finastra’s collaboration with Ripple reflects the company’s “belief that the future of finance is open.” He added that the use of blockchain technology would be of particular benefit for clients in jurisdictions where the costs of corresponding banking are high.High-profile clients, yet community controversies persistThis August, PNC — the United States’ eighth-largest bank, with almost $400 billion in assets — became the country’s first to start using the RippleNet blockchain network for cross-border payments.With the XRP token’s price nonetheless continuing to lag, Ripple CEO Brad Garlinghouse has responded to a host of Ripple-related controversies in recent interviews, telling Morgan Creek Digital Assets co-founder Anthony Pompliano on Oct. 9…Read More

  • News - 16 October 2019, 11:15 am

    Auditing giant EY launched OpsChain Public Finance Manager, a blockchain platform for tracking public funds aiming to enhance transparency. Big Four auditing firm Ernst & Young (EY) has launched a blockchain platform for public funds meant to enhance transparency.Technology news outlet Verdict reported on the launch on Oct. 16. The OpsChain Public Finance Manager (PFM) system enables transparent tracking of public budgets and expenditures viewable by all citizens. PFM will also reportedly enable public funds to be matched with outcomes, which in turn would provide insight into how effective different policies are.Enabling data-driven policy decisionsThe system can reportedly track government public funds as they move through different state agencies. According to EY, data provided by the platform can potentially be used to better inform future policy decisions. EY said:“Blockchain technology can positively impact processes from tax collection to open data to public spending. […] Modern public financial management requires focusing on the things that matter most — transparency, accountability and robust evidence for decision-making — all factors that can be enhanced by blockchain technology.”Pilot testing in TorontoEY also reportedly already tested tracking public funds on a blockchain in multiple places, including the Canadian city of Toronto. The system reported financial transfers between different government divisions, and the firm claims that the experiment increased the city’s transparency and efficiency. Chief financial officer of the city of Toronto Heather Taylor said:“With a commitment to championing the economic, social and environmental vitality of the city of Toronto, our officials strive to implement technologies that best help us meet our residents’ evolving needs.”As Cointelegraph reported in April, the United States federal government is expected to raise its blockchain spending to $123.5 million by 2022.Read More

  • Oracletimes - 16 October 2019, 11:14 am

    It’s been recently reported that Facebook is under intense pressure these days. PayPal dropped support for Facebook’s project Libra. PayPal seems to have grown concerned about the backlash against the digital asset Libra but it’s also worth noting that the company did not cite any specific reason for the fact that it dropped support for … Continue reading “Facebook Should Drop Libra And Focus On Calibra Crypto Wallet, Says Anthony Pompliano” The post Facebook Should Drop Libra And Focus On Calibra Crypto Wallet, Says Anthony Pompliano appeared first on Oracletimes.Read More

  • News - 16 October 2019, 10:58 am

    United States merchant services provider Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency. United States merchant services provider and payment processing firm Aliant Payments will be paying each of its employees part of their compensation package in cryptocurrency. In a press release on Oct. 16, Aliant said that the offer reflected a desire that employees become invested customers in the shift to digital currency.Aliant’s evolving crypto payments processing solutionAliant launched its crypto processing system for merchants, dubbed CryptoBucks, back in 2017 and developed a proprietary, fully compliant solution in July 2018 to process crypto payments, converting them to USD, and offering merchants next day payouts. In a statement, Aliant CEO Eric Brown proposed that:“Adoption happens when you’re able to earn cryptocurrency, and then go on to spend it.” Brown further underscored that with the inclusion of cryptocurrency into employee compensation packages, each member of the Aliant team will have “a vested interest in cryptocurrency not just as something they work on in the office.”  Merchant solutions and in-house employee adoptionAlongside Aliant, other industry firms have been working to diversify crypto processing solutions for merchants. Blockchain technology firm Bitfury Group has launched e-commerce software for merchants and several other tools — including an open-source Bitcoin (BTC) wallet and a hardware payments terminal — in a bid to drive wider adoption of Bitcoin’s off-chain scalability layer called Lightning Network.Meanwhile, workplace initiatives to drive crypto adoption among employees include the recent move by Big Four audit firm Deloitte to enable staff to pay for canteen purchases using a mobile Bitcoin wallet.Read More

  • News - 16 October 2019, 10:22 am

    Have you ever thought about how big crypto transactions affect the crypto markets? Learn more about whale movements here. Has the crypto industry developed any type of solution for such transactions?Crypto auctions, algorithmic trading and over-the-counter (OTC) desks are designed to transfer large amounts of crypto.In cases when you want to trade your crypto assets directly, without splitting them into parts and calculating fees, the daily auction held by Gemini — a U.S.-based, regulated crypto exchange — is a popular way to do that. Orders are currently available for five major currencies — Bitcoin, Ether, Zcash, Litecoin and Bitcoin Cash.Another solution is to use trading bots to automate the process of splitting transactions. For instance, TradeSanta is a cloud software that allows you to buy or sell large amounts of crypto on major exchanges, such as Binance and HitBTC, while minimizing the impact on the market by making the transactions smaller and distributing them in time. By using smart orders, TradeSanta’s customers can trade a desired amount of crypto within the exact price limit during a specified period of time. In addition to this, the user doesn’t have to waste time splitting up the amount or placing orders, as TradeSanta takes care of the technical aspects and keeps the orders on top of the exchange’s order book. OTC trading is also gaining popularity at the moment. These off-exchange desks match buyers and sellers of large amounts of crypto without placing orders on an exchange. As Binance CEO CZ said in an interview, the demand for such services is at least as much as the total volumes reported by crypto exchanges, which equals up to 50% of the total volume that is not displayed on CoinMarketCap.The growing demand for OTC trading has forced major crypto exchanges to launch their own OTC desks…Read More

  • News - 16 October 2019, 9:53 am

    Washington risks devaluing the dollar’s status in the future if it fails to respond to innovation, says the former regulator. The ex-head of the United States’ commodities regulator thinks the government must digitize the dollar and take power away from central banks.Giancarlo wants independently maintained dollarIn an opinion piece for the Wall Street Journal on Oct. 15, J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission or CFTC, argued the dollar could lose status in the future.This would be specifically due to other countries rolling out digital currencies. The answer, he argued, is to create a new form of dollar.“We propose a digital dollar—a government-sanctioned blockchain protocol, created and maintained by an independent nongovernmental group but administered by banks and other trusted payment organizations,” he explained.Giancarlo continued: “Cash brought into the system would be exchanged for digital U.S. dollars on a blockchain, with the cash lodged in special escrow accounts maintained by the Federal Reserve.”How decentralized?Unlike many banking sources that have discussed digital currency, the digital dollar concept hints directly at decentralizing power over money. While stopping short of claiming central banks should lose their ability to control national currencies, Giancarlo nonetheless argues that by shunning digital currency, the U.S. is set to weaken the dollar’s appeal. He warned:“Significant actors, including central banks and social media platforms, may launch new currencies in the next few years. As their networks grow, they could eventually erode the dollar’s status as the most popular currency for international exchange.”Giancarlo compared the potential dollar decline to the pound sterling’s loss of power after World War II. The theory chimes with Bitcoin (BTC) proponents, with Saifedean Ammous’ book “The Bitcoin Standard” also noting global reserve currencies come and go at regular intervals.For Ammous, however, the reason for this is tied to poor government handling of currency, including…Read More

  • Oracletimes - 16 October 2019, 9:40 am

    Tron was recently in the spotlight when it added more than 500k users that have permission to the dApps in the third quarter of 2019. More than that, the foundation of the Tron platform, Justin Sun revealed the new 160 million USDT issuance on top of Tron. There are currently 30 diverse exchanges that are … Continue reading “Tron Celebrates A New Partnership With BitGo And Lures Institutional Investors” The post Tron Celebrates A New Partnership With BitGo And Lures Institutional Investors appeared first on Oracletimes.Read More

  • Oracletimes - 16 October 2019, 9:10 am

    Bitcoin is only 10 years old, but it has caused enough disruption in the global financial landscape, triggered hearings in Congress, given traditional financial institutions sleepless nights, and announced an alternative financial order. The underlying Blockchain technology that powers Bitcoin has given us Smart Contracts, Decentralized Autonomous Organizations (DAOs), and Decentralized Exchanges (DExs) among others. Bitcoin’s … Continue reading “Bitcoin as Store of Value: A ‘Safe Haven’ in a Recession?” The post Bitcoin as Store of Value: A ‘Safe Haven’ in a Recession? appeared first on Oracletimes.Read More

  • Oracletimes - 16 October 2019, 8:09 am

    Litecoin was recently in the spotlight regarding the subject of mass adoption. It’s been reported that Litecoin has the second-largest crypto ATM network with exactly 3,709 kiosks all over the world that are supporting LTC. The data is cited by the Daily Hodl from info compiled by CoinATMRadar. The Litecoin Foundations bags an important partnership … Continue reading “Litecoin Mass Adoption: Charlie Lee Considers A Movie Business With New Partnership” The post Litecoin Mass Adoption: Charlie Lee Considers A Movie Business With New Partnership appeared first on Oracletimes.Read More

  • Oracletimes - 16 October 2019, 6:27 am

    Ripple has been making increased efforts to promote the use of XRP and boost the entire XRP ecosystem this year. Both entities have been surrounded by controversy, with people calling XRP a security and pointing out the fact that Ripple owns too much of the digital asset. But, the San Francisco-based firm pushed forward and … Continue reading “Ripple Boosts The Expansion Of XRP Use With This Move” The post Ripple Boosts The Expansion Of XRP Use With This Move appeared first on Oracletimes.Read More

  • Oracletimes - 15 October 2019, 12:17 pm

    It’s been reported that Monero plans an upgrade for the end of the next month. Usually, Monero has to deal with a considerable inflow of specialized ASIC machines that are taking over the mining process on the network. After some ASIC-disabling forks which tweaked the Crypto Night mining algorithm, Monero plans to switch to a … Continue reading “Monero Is Planning The Third ASIC-Disabling Upgrade – ASIC Might Not Really Be The Enemy” The post Monero Is Planning The Third ASIC-Disabling Upgrade – ASIC Might Not Really Be The Enemy appeared first on Oracletimes.Read More

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