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:

  • Cointelegraph.com News - 20 February 2019, 7:39 pm

    Spanish startup CryptoSolarTech will return $68 million raised during its ICO; the funds were slated for the construction of a crypto mining farm in Southern Spain. Spanish cryptocurrency mining startup CryptoSolarTech will return $68 million raised during its initial coin offering (ICO). A screenshot of an official letter sent to investors was posted on Twitter Wednesday, Feb. 20 by Spanish IT lawyer Sergio Carrasco.CryptoSolarTech apparently aimed to build a crypto mining facility powered by solar energy in Southern Spain, but failed to get a building permit. Citing reasons beyond their control, the founders of the project promised to return funds within 60 days. The startup also claimed that it is not responsible for any of the tokens purchased after Feb. 19.In June 2018, CryptoSolarTech released its own token via an ICO to financе its operations. The mining project raised around $68 million in less than two months during the summer of 2018, which was over 6,500 percent of the minimum investment of 900,000 euros. Most of the funds raised came from Singapore and Spain.However, in several months the company’s token lost the vast majority of its value, making it into the top ten ICO ‘losers’ in research released late September by crypto analytics firm Diar.In October, 2018, Chinese energy company Risen Energy announced a partnership with CryptoSolarTech to help it develop 300 megawatts (MW) of photovoltaic power capacity, and take on engineering and construction responsibilities for the electricity project.Last month, blockchain tech firm and Bitcoin mining manufacturer Bitfury revealed its plans to launch several mining facilities in Paraguay. The facilities will cover 200,000 square meters and will be supplied with electricity from a 500MW power substation.As Cointelegraph previously reported, the number of ICOs in Q4 2018 raised 25 percent less than in Q3, while the total amount of completed ICOs…Read More

  • Cointelegraph.com News - 20 February 2019, 7:13 pm

    sponsored The company behind a crypto hardware wallet says users can surpass cold storage — all thanks to new technology. A payments technology company has created a hardware wallet that addresses the “flawed approach” used for cold storage — and eliminates the physical storage of private keys.Instead of storing private keys on a device — a “potential security problem” — Bitfi says it has developed technology that does not store any data or private keys. Instead, the company’s hardware uses a deterministic algorithm to calculate the private key at the moment of a transaction. This means that the private key comes into existence for a fraction of a second and vanishes immediately afterward. This technology is meant to overcome the risk of total loss should a hardware wallet be lost, seized or stolen.  Bitfi recommends creating a seven-word passphrase by using its Diceware method, which offers greater entropy. However, the company says that those who own its wallet have the option to memorize their passphrase. It encourages users to leave 24-word mnemonic seeds behind in favor of a seven-word alternative. Combined with no physical storage of private keys, the company argues this better protects users against attacks — as memorizing a shorter phrase eliminates the need to write down a seed, something a malicious actor could access.The company says it eliminates the possibility of wallet funds being lost if a physical device is stolen by ensuring that no data is stored on the hardware itself, meaning that hacking the wallet is “fruitless.” This approach also offers greater protection to users in the event that their wallet is damaged or lost following natural disasters such as fires, floods or earthquakes.Bitfi argues the practice of storing private keys on hardware wallets and connecting such devices to a computer creates an unacceptable risk…Read More

  • Cointelegraph.com News - 20 February 2019, 7:03 pm

    India’s largest e-commerce firm mjunction has partnered with blockchain shipping firm Shipnext. India’s largest e-commerce firm, mjunction services limited, has entered into a strategic partnership with blockchain shipping firm Shipnext, global maritime news agency Sea News reports Feb. 20.The new partnership intends to boost efficiency across mjunction’s supply chain, bringing value-added services to its clients, mjunction CEO Vinaya Varma said.Alexander Varvarenko, founder and CEO of Shipnext, said that mjunction’s large cargo base is expected to attract more traffic, shipowners and ship operators to Shipnext platforms.Mjunction services ltd is a joint venture of two Indian steel giants – the Steel Authority of India (SAIL) and Tata Steel. Mjunction is reportedly India’s largest e-commerce firm, in addition to operating the world’s largest electronic marketplace for steel. The company has also moved into business spheres such as e-finance, e-retail and other services.According to Sea News, shipowners or ship operators who wish to participate in the transportation of cargo by major Indian shipment providers such as Tata Steel and Indian Steel Bord can register on the Shipnext platform. Within the agreement, Shipnext will manage Know Your Customer (KYC) procedures of shippers.Recently, Russian shipping logistics company Infotech Baltika announced the development of a blockchain-enabled system to operate with ports. The project is a part of partnership between the company and Moscow-based blockchain startup Iconic.Read More

  • Cointelegraph.com News - 20 February 2019, 6:43 pm

    Elon Musk recently stated that Bitcoin is a better transfer of value than paper money. On the week, the coin is up by almost 10 percent. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Billionaire investor Tim Draper believes that crypto and fiat currencies will reverse their roles in five years. According to Draper, fiat will mostly be used by criminals, while cryptocurrencies will be used for regular day-to-day transactions.Tesla CEO Elon Musk also said that “crypto is a far better way to transfer value than pieces of paper.” He praised the structure of Bitcoin, calling it brilliant. However, Musk thinks that Tesla should not enter the cryptocurrency industry, and should instead focus on accelerating the advance of sustainable energy.Musk and Draper are not the only ones who are confident about the future of cryptocurrencies. In a survey of millenial traders by eToro, 43 percent of the respondents said they had less trust in the United States stock exchanges than in cryptocurrency exchanges.So, is this a good time to dive into the crypto market? Let’s look at the charts and try to find out.BTC/USDBitcoin (BTC) closed above the downtrend line on Feb. 18, triggering our buy recommendation provided in the previous analysis. We had suggested buying only 30 percent of the desired allocation to minimize our risks. The remaining amount can be added when the leading cryptocurrency scales above $4,255.If the recovery continues, a rally to $4,255 will be likely. Above this level, the BTC/USD pair will complete a double bottom pattern which has a target objective of $5,273.91.Conversely, if the pair turns…Read More

  • Cointelegraph.com News - 20 February 2019, 6:21 pm

    The CFTC has stopped accepting public comments on the Ethereum (ETH) mechanism. On Feb. 17, the United States Commodity and Futures Trading Commission (CFTC) stopped accepting public comments regarding the Ethereum (ETH) mechanism. Previously, as 2018 was drawing to a close, the agency requested the feedback on the cryptocurrency to better understand the technology and how it compares to Bitcoin (BTC).The CFTC, which oversees the futures and options market in the U.S., has long determined that Bitcoin is a commodity, and therefore falls into its regulatory purview. In December 2017, the agency allowed two major regulated exchanges — the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE) — to list BTC futures on their platforms.Now, given that Ethereum, like Bitcoin, has been cleared of being classified as a security, the watchdog might be preparing to greenlight Ethereum futures contracts.Around 30 public comments were submitted in response to the CFTC’s request: Coinbase, Circle and Craig Wright were among respondentsOn Dec. 11, the CFTC announced it was seeking public comments and guidance regarding the Ethereum network. Specifically, the agency required the feedback to better understand the cryptocurrency and its underlying technology, as well as the differences and similarities between Ethereum and Bitcoin, including the “opportunities, challenges, and risks” associated with the altcoin.Further, on Dec. 17, the regulator followed up on its initial statement and published a respective Request for Information (RFI) with the Federal Register in order to collect the information. The CFTC requested public comments on 25 different questions regarding Ethereum — namely its security and market features, as well as use cases of applications based on its network. The agency also noted that it oversees the commodity futures markets as per the Commodity Exchange Act (CEA), meaning that the CFTC will most likely use the comments to…Read More

  • Cointelegraph.com News - 20 February 2019, 6:11 pm

    The U.S. Securities and Exchange Commission has charged crypto firm Gladius Network with selling unregistered securities after the company self-reported. The United States Securities and Exchange Commission (SEC) has charged crypto firm Gladius Network with selling unregistered securities after the company self-reported to the commission, an SEC press release reveals on Feb. 20. Gladius reportedly raised approximately $12.7 million in cryptocurrency during its initial coin offering (ICO) in late 2017, after the SEC had warned that tokens offered in such sales can be classified as securities under U.S. law. The commission specifies that the startup did not register its tokens with the agency and its “ICO did not qualify for an exemption from registration requirements.” According to the press release, however, Gladius self-reported to the securities regulator in the summer of last year. The report also specifies: “The SEC did not impose a penalty because the company self-reported the conduct, agreed to compensate investors, and will register the tokens as a class of securities.” The company will reportedly return funds to investors who request it and register its token as a security, in accordance with the Securities Exchange Act of 1934. Robert A. Cohen, Chief of the SEC’s Cyber Unit, commented in the press release that the case “shows the benefit of self-reporting and taking proactive steps to remediate unregistered offerings.” As Cointelegraph reported in November of last year, SEC then imposed civil penalties against two ICOs over their failure to register their token sales in a self-described first. Moreover, in January, the agency released an official statement saying that cryptocurrencies are one of the commission’s top examination priorities this year. In the same month, news broke that 2018 witnessed a significant uptick in the number of ICOs authorized by the SEC to sell unregistered securities to large-scale investors, in…Read More

  • Cointelegraph.com News - 20 February 2019, 5:12 pm

    Blockchain security firm CipherTrace has secured a $15 million investment from Galaxy Digital and other venture capital firms. Mike Novogratz’s crypto investment bank Galaxy Digital has invested in blockchain security company CipherTrace, according to an official press release published on Feb. 19.CipherTrace has reportedly raised $15 million in venture capital in a new funding round led by major Silicon Valley venture capital firm Aspect Ventures, whose partner, Mark Kraynak, will join the firm’s board of directors. The round also saw investments from Neotribe Ventures and WestWave Capital.California-based CipherTrace will use the secured funds in order to improve tools for cryptocurrency intelligence, anti-money laundering (AML) solutions, blockchain analytics and forensics and compliance.CipherTrace’s reported mission is to de-anonymize and trace flows on blockchain that involve criminal and fraudulent activity by applying machine learning. The firm’s security solutions are reportedly used by government, regulators, law enforcement investigators and auditors to reduce crime, as well as crypto exchanges in order to comply with AML policies.Founded in 2015, CipherTrace began tracking criminal activity on Bitcoin’s (BTC) blockchain in 2011, the press release reports.Galaxy Digital executive Greg Wasserman said that appropriate AML technology is critical for the mainstream adoption of digital assets. He also stated that institutional investors are increasingly reliant on companies like CipherTrace “to monitor the integrity of transactions with their counterparties.”Previously, CipherTrace reported that around $1.7 billion in cryptocurrency was obtained through illicit activity in 2018, with over $950 million stolen from crypto exchanges and at least $725 million lost to scam schemes.Earlier today, Solidus Labs, a security firm founded by former Goldman Sachs fintech engineers, raised $3 million to combat crypto market manipulation.Read More

  • Cointelegraph.com News - 20 February 2019, 4:49 pm

    One of the world’s largest telephone operators, Telefónica, has launched a call to support startups related to blockchain and AI. Spain’s largest multinational telecommunications company, Telefónica, has announced an initiative to support entrepreneurs in innovative technologies, such as blockchain and artificial intelligence (AI), according to an official press release published on Feb. 19.The Madrid-based company — also one of the largest telephone operators and mobile network providers in the world — has launched its first “Open Innovation” call of this year via  its tech incubator subsidiary, Telefónica Open Future. The month-long initiative seeks to support startups and innovative projects ready to “revolutionize traditional ecosystems through new technologies,” such as blockchain, AI, virtual reality and big data. A translation of the press release states:“This call is aimed at strengthening the growth of companies in territories and ecosystems where there is already great entrepreneurial talent.”Telefónica Open Future is a global platform that aims to connect public and private institutions focused on innovation and entrepreneurship. The call for entrepreneurs will be open until March 20 and the selected startups will be promoted and supported by the Global Open Future network and Telefónica, underlines the press release.As Cointelegraph reported on Jan. 24, despite the ongoing crypto winter, a survey conducted by a Switzerland-based crypto investment firm reports that the number of blockchain startups continues to grow in Switzerland and Liechtenstein.According to a recent report, South Korea’s leading telecommunications company, KT Corporation, has been selected to develop a local cryptocurrency in the South Korean city of Gimpo.Read More

  • Cointelegraph.com News - 20 February 2019, 4:08 pm

    Crypto markets are mostly trading sideways today, Binance Coin jumps 6 percent amidst Binance DEX launch. Wednesday, Feb. 20: following the recent wave of green, crypto markets are trading sideways today, with top 20 coins by market cap seeing mixed signals, according to CoinMarketCap.Market visualization from Coin360After briefly touching the $4,000 threshold twice over the past 24 hours, Bitcoin (BTC) is slightly down at press time. Trading at $3,971, the largest cryptocurrency has lost just 0.44 percent over the day, but still is 9.3 percent up over the past 7 days, according to CoinMarketCap.Bitcoin 24-hour price chart. Source: CoinMarketCapEthereum (ETH), the second cryptocurrency by market cap, is down 1 percent and trading at $146.85 at press time. However, the top altcoin is still seeing some of the largest gains over the past week, growing around 20 percent.Ethereum 7-day price chart. Source: CoinMarketCapRipple (XRP), the third top cryptocurrency by market cap, has tumbled 2.6 percent today, seeing the biggest losses over the day among top 20 coins. XRP is trading at $0.328, but is still up around 8 percent over the past 7 days.Ripple 7-day price chart. Source: CoinMarketCapAmidst the Binance’s launch of the testnet of its new decentralized exchange, Binance DEX, today, Binance Coin (BNB) has seen a significant growth, reaching $11.3 per coin. Binance Coin is seeing the largest growth among top 20 coins by market cap today, having jumped around 6 percent, rising into the ranks of the top ten coins. According to Binance’s CEO, Binance DEX is expected to help users regain control of their private keys, as Cointelegraph reported.Binance Coin 24-hour price chart. Source: CoinMarketCapThe fourth top cryptocurrency Eos (EOS) is seeing the most weekly growth among top 20 coins, up around 33 percent over the 7-day period, according to CoinMarketCap.Total market capitalization of all cryptocurrencies…Read More

  • Cointelegraph.com News - 20 February 2019, 3:53 pm

    Could crypto assets and blockchain technology be the next focus for pension funds and traditional financial institutions? Positive moves are being made for investor sentiment in the cryptocurrency space despite a year-long bear market.This comes after $40 million was raised by cryptocurrency investment firm Morgan Creek Digital, which is headed up by its founder, Anthony Pompliano. The crypto-focused hedge fund is part of Morgan Creek Capital, which manages over $1 billion in assets.While the capital raised isn’t record-breaking, the move garnered interest because a portion of the funds come from two of three benefit plans from Fairfax County’s Retirement Systems (FCRS) in the state of Virginia. The news is being hailed as the first time a United States pension fund has directly invested into cryptocurrency assets.The firm had initial set its fundraising target at $25 million, but a surge in interest from investors saw the cap raised to $40 million. These funds will be used in the newly launched Morgan Creek Blockchain Opportunities Fund.UndauntedAfter the lofty highs of 2017, the cryptocurrency markets have endured a humbling and ongoing price correction. As a result, investors have been far more cautious about throwing capital into the space, having been burned by the current bear market.Considering this fact, the move by Morgan Creek Digital is a positive sign for the cryptocurrency ecosystem amid a testing 12 months.Cointelegraph spoke directly to Pompliano to unpack some of the details around the fund, how it managed to seal investment from pension schemes, and the challenges of managing a crypto investment firm during trying marketing conditions.Firstly, working to secure funding from the Fairfax County Police and Employee’s pension plans was a process that didn’t happen overnight. As Pompliano told Cointelegraph, a lot of work had to be done to ensure the fund managers that the investment was…Read More

  • Cointelegraph.com News - 20 February 2019, 3:20 pm

    Two blockchain-related bills have been passed in the U.S. state of Wyoming. Two blockchain-related bills — on tokenization and issues with compliance — have been passed in the United States state of Wyoming on Feb. 19, according to the official website of the state legislature.As Cointelegraph reported, the bill on tokenization, House Bill 185, was introduced on Jan. 16. The bill lays the groundwork for storing so-called certificate tokens representing stocks on a blockchain “or other secure, auditable database,” and permits the digital transfer of them. The bill is sponsored by Representatives Olsen, Brown, Hunt, Lindholm, Western and Zwonitzer and Senators Driskill and Rothfuss and is set to become effective on July 1 of this year.The blockchain compliance-related bill, House Bill 74, was introduced on Jan. 8. The president of the Wyoming Blockchain Coalition, Caitlin Long, explained in a post on her website that the legislation will “create special purpose depository institutions to serve businesses.” The bill contains findings that blockchain businesses are often unable to secure FDIC-insured banking services because of their actual or suspected dealings with cryptocurrency.Moreover, according to Long’s post, the bill also “provides that a special purpose depository institution would be prohibited from making loans, would be required to maintain 100% of its deposits in reserve, would provide services only to businesses, and must comply with all applicable federal laws.” This act is scheduled to become effective on Oct. 1, 2019.As Cointelegraph reported, America’s least populous state has seen a slew of blockchain and crypto-related legislation in the past few months.At the end of January, Wyoming Senate also passed a bill — which was then passed by the House on Feb. 14 — that will allow for cryptocurrencies to be recognized as money. The bill is set to go into effect on March 1 and will…Read More

  • Cointelegraph.com News - 20 February 2019, 2:46 pm

    The Chamber of Digital Commerce urges the CFTC and CFPB to permit the introduction of blockchain-based products. United States blockchain advocacy group the Chamber of Digital Commerce has encouraged two major financial regulators to foster blockchain innovation, according to an official tweet on Feb. 19.The group has reportedly provided comments to the Commodity Futures Trading Commission (CFTC) and the Consumer Financial Protection Bureau (CFPB) in different proceedings this week. Generally, the Chamber has asked both agencies to permit the introduction of new financial products based on blockchain technologies and to collaborate on efficient approaches that would promote investment and industry growth.In its comments to the CFPB, the advocacy group has encouraged the regulator to apply available tools for supporting innovation, such as no-action letters and so-called “sandboxes.” The Chamber has also noted that it will support any U.S. policy that eliminates “unnecessary burdens” to get access to decentralized tools and stimulate relevant studies, along with promoting coordination among different regulatory bodies.In a separate letter to the CFTC, the group expressed support for the Commission’s previously launched initiative, dubbed LabCFTC, which examines fintech innovations. Moreover, the Chamber endorsed the CFTC’s commitment to learn more about the Ethereum (ETH) network, as well as the possibility to elaborate a framework for the introduction of ETH derivatives.Earlier this year, the Chamber of Digital Commerce called on the U.S. government to implement a national action plan on blockchain. The group believes that blockchain offers a “myriad of transformational benefits” for businesses, government. and consumers. The group also thinks that, as a leading nation in tech, the U.S. has to fully embrace a national strategy on decentralized technologies.As Cointelegraph previously reported, cryptocurrency forms a priority for the CFTC’s recently published internal examinations for this year. The examinations will include cryptocurrency surveillance practices, as well as other…Read More

  • Cointelegraph.com News - 20 February 2019, 2:10 pm

    Solidus Labs, a trade surveillance firm backed by Goldman Sachs fintech veterans, raised $3 million from Hanaco Ventures. Solidus Labs has raised $3 million to combat crypto market manipulation, according to a press release shared with Cointelegraph on Feb. 20.Solidus Labs is a trade surveillance firm whose team includes former Goldman Sachs fintech engineers. The company reports to help both traditional and crypto-focused service providers foster compliance while trading digital assets.Through the recent funding round, led by Israeli venture capital firm Hanaco Ventures, the team plans to further develop its crypto-oriented market surveillance tools designed for financial institutions and exchanges interacting with crypto assets.By implementing artificial intelligence (AI) and machine learning technologies, Solidus analyzes trading patterns and detects anomalies in real time, enabling compliance officers to react immediately.According to the press release, the Solidus Labs software-as-a-service application has managed to reduce trading manipulation false positives by 30 percent to date, which reportedly contributed to improving manipulation detection techniques.In December 2018, the Social Science Research Network revealed that there are thousands of  pump-and-dump trading groups on popular messaging apps. Its study reportedly identified 4,818 pump-and-dump attempts between January and July of 2018, based on data scraped from messaging platforms Telegram and Discord.Recently, a commissioner at the United States Commodity Futures Trading Commission argued against the Securities and Exchange Commission’s decision to reject a Bitcoin (BTC) exchange-traded fund, claiming that potential crypto market manipulation should not be a barrier to the decision.The commissioner elaborated that any product with sufficient resources can be manipulated, adding that basing a product on an index, rather than a commodity, can in fact be used to make potential manipulation significantly less likely.Read More

  • Cointelegraph.com News - 20 February 2019, 1:18 pm

    Stablecoins will play a major role in crypto adoption, especially in developing countries, a new study from crypto entrepreneurs shows. Stablecoins will play a key role in mainstream adoption of crypto technologies, according to a report published by California-based stablecoin startup Reserve on Wednesday, Feb. 20.The report, entitled “The State of Stablecoins 2019: Hype vs. Reality in the Race for Stable, Global, Digital Money” is based on information collected from 40 crypto and stablecoin firms. The report’s lead author is George Samman, a blockchain and cryptocurrency advisor. According to the document, Samman “was commissioned to research the stablecoin landscape and then independently report his findings for the broader industry to learn from.”The analysis is presented by a number of major industry players, including Reserve, Arrington XRP Capital and Blocktower.The study analyzes the key features of stablecoins which, the authors believe, can contribute to the mass adoption of crypto technologies:“The development of stablecoins, price-stable cryptocurrencies, asset-backed cryptocurrencies etc. is likely to play a critical role in how this new economy achieves mainstream adoption.”Furthermore, the authors believe that developing countries with hyperinflation, such as Venezuela and Angola, will be the first to adopt stablecoins, while others will follow. Additionally, stablecoins potentially promise to be a multi-trillion dollar marketplace, the report states.The report further notes the potential role of major companies such as Facebook in facilitating the adoption of stablecoins. Late last year, reports surfaced that the social media giant is considering launching a stablecoin for WhatsApp users.As for the near future of stablecoins, the authors believe that the United States dollar will be “the most tokenized liquid asset in the cryptocurrency space in the next 12 to 24 months.”However, in another one of its conclusions, the report ventures that if a massively adopted stablecoin is pegged to dollars, it could increase the…Read More

  • Cointelegraph.com News - 20 February 2019, 12:54 pm

    Coinbase announced that support for Bitcoin Cash (BCH) has been added to its Coinbase Wallet app. United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Bitcoin Cash (BCH) to its Coinbase Wallet, according to an announcement published on Feb. 19. The update states that users can now store Bitcoin Cash on Coinbase Wallet, adding: “The new Wallet update with Bitcoin Cash support will roll out to all users on iOS and Android over the next few weeks.” As Cointelegraph wrote in August 2018, Coinbase Wallet was introduced as a rebranding of the firm’s open source decentralized app (DApp) browser and wallet, formerly called Toshi. The rebranded wallet has several different features from the main app, Coinbase (or Coinbase.com), reportedly aimed at providing more transparency and security. Coinbase Wallet allows users to store their own private keys on their devices, buy and store crypto-collectibles, use third-party DApps and receive airdrops and tokens from initial coin offerings. Earlier this month, Coinbase added support for Bitcoin (BTC) to its Wallet app.   Last week, the firm announced that Coinbase Wallet users can now back up their private keys on cloud storage, namely on Google Drive and iCloud, leading to mixed reactions from the crypto community. Earlier this week, third-largest cryptocurrency exchange OKEx announced that it had added four new crypto derivative pairs to its platform, namely Bitcoin SV (BSV), Qtum (QTUM), Dash (DASH) and Neo (NEO) against Bitcoin or Tether (USDT).Read More

  • Cointelegraph.com News - 20 February 2019, 12:40 pm

    From Venezuela to India, crypto is being increasingly used in times of economic crisis. Just when it seemed like the economic and political situation in Venezuela couldn’t get much worse, it has. Back in December, the Venezuelan bolívar witnessed its peak annual inflation rate for 2018, with this rate coming in at a dizzying 80,000 percent, according to the calculations of Steve Hanke of John Hopkins University. However, with the United States’ imposition of sanctions against Venezuela’s state-owned oil company on Jan. 28, and with Juan Guaido self-declaration as interim president of the South American nation on Jan. 23, this already dire situation has only deteriorated further. Yearly inflation has now reached around 139,000 percent, and Venezuelans have found it even more difficult to buy basic necessities.Cointelegraph has already shown in a 2018 article how Venezuela’s recent plight resulted in a surge in popularity of Bitcoin and other cryptocurrencies, while data from Coin Dance reveal that over 35,000 Bitcoin (worth around $127 million at today’s prices) was traded for bolívar on the LocalBitcoins crypto exchange over the entire course of last year. However, even if it’s only two months into 2019, the new year has brought new peaks of trading activity for Bitcoin and the Venezuelan bolívar, with the weekly LocalBitcoins totals for the first two weeks of February — 2,004 and 2,454 — exceeding anything seen in any month of 2018.Source: Coin.danceVenezuela’s increasingly fragile circumstances have therefore provided further confirmation of the strong link between imperilled economies and crypto adoption, yet this link also finds confirmation from other nations facing similar, if not quite as acute problems. Turkey, Iran, Nigeria and India have all faced economic or inflationary pressures over the past year, and a growing number of their citizens have adapted to such pressures by turning to crypto. And while their use of…Read More

  • Cointelegraph.com News - 20 February 2019, 12:31 pm

    Major crypto wallet provider Blockchain.com opens its fifth office, announces building up a team in Lithuania. Major crypto wallet provider Blockchain.com has opened its fifth office location, continuing its expansion into Europe, the company announced in a blog post on Feb. 19.According to Blockchain.com, the company considered several locations in Europe, choosing Vilnius, Lithuania. The firm said it found that the country was truly committed to innovation and the perfect place for a new office.The crypto firm also reports it is looking to hire employees in Lithuania, with new vacancies to be announced over the coming weeks.Lithuanian Minister of economy and innovation, Virginijus Sinkevičius, commented on the move:“We’re thrilled to welcome Blockchain to Vilnius. The presence of a company as well-known as Blockchain will put Lithuania in the spotlight of the international blockchain community.”According to its website, Blockchain.com is currently headquartered in Luxembourg. The company also has offices in London, New York and San Francisco, the blog post notes.Back in 2014, the Central Bank of Lithuania officially warned consumers about potential risks related to cryptocurrencies. However, on Feb. 14, the bank issued an updated notice on virtual assets and initial coin offerings, officially allowing for the creation of investment funds for professional investors in virtual assets.Moreover, the document also states that financial market participants will be allowed to use third-party crypto services and provide services to people dealing with the crypto industry, as long as they comply with anti-money laundering and counter-terrorism policies. However, accepting crypto payments is still prohibited for financial institutions in Lithuania, the document states.Read More

  • Oracle Times - 20 February 2019, 12:22 pm

    Just a few days ago, the South Korean police detained a 22-year-old student who illegally mined crypto in college on about 30 computers. There have been quite a lot of cases of employees from various companies, scientific institutions and more have been using the local equipment for illegal crypto mining back in 2018. Now, 2019 … Continue reading “Illegal Bitcoin (BTC) And Monero (XMR) Mining: Student Busted For Mining Crypto On 30 College PCs Via Hidden Software” The post Illegal Bitcoin (BTC) And Monero (XMR) Mining: Student Busted For Mining Crypto On 30 College PCs Via Hidden Software appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 20 February 2019, 10:54 am

    The major Japanese investment bank has published the results of a pilot project, aimed at implementing blockchain tech for securities post-trade processing. Daiwa Securities Group, Japan’s second largest securities brokerage, has announced the completion of a blockchain proof-of-concept (PoC) in a press release shared with Cointelegraph on Feb. 19. The PoC implemented blockchain in the trade matching of post-trade processing.The blockchain pilot project, dubbed “JPX Proof-of-Concept Testing for Utilization of Blockchain / DLT in Capital Market Infrastructure,” involved 26 companies, including financial institutions, system providers and institutional investors. The reported goal of the pilot — which just completed the second of two phases — was to increase the efficiency of blockchain tech in the post-trade process.According to the results of the pilot, the implementation of standardized specifications and workflow processes for the blockchain system is expected to reduce operational costs and allow for easier development of new products and services. According to the press release, the firm “believe[s] that the standardization will also generate considerable benefits to the investors who are the ultimate beneficiaries.”The press release also notes that to implement a standardized system via blockchain to a wide range of companies will require more practical considerations. As the release states:  “We may need to develop a new organization or a consortium which holds responsibility of the system development and administration, budget management and fund development. We are going to discuss more about the framework of collaboration with the market participants and to conduct feasibility study in order to put this concept […] into action.”As Cointelegraph reported yesterday, Sumitomo Mitsui Banking Corporation, Japan’s second-largest bank by assets, conducted a PoC using blockchain consortium R3’s Marco Polo trade finance platform. The project aimed to enhance efficiency in trade processes.Also yesterday, the central bank of Japan published the results of its research…Read More

  • Oracle Times - 20 February 2019, 10:02 am

    Yesterday, Bitcoin’s price rallied and made crypto enthusiasts’ hearts rally as well. It seems that Bitcoin managed to extend the mini bull run and the token crossed the $4,000 mark for the very first time since back on January 9. CryptoGlobe reported that $15 billion had been added to the total market cap since last Sunday, … Continue reading “Bullish Bitcoin Predictions Surface After Recent BTC Price Surge” The post Bullish Bitcoin Predictions Surface After Recent BTC Price Surge appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 20 February 2019, 9:54 am

    The new cooling-off period is the latest in a lengthy battle to get a Bitcoin ETF to market. United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19.The move is the latest in a series of back-and-forth exchanges between the SEC and ETF sponsors.The Chicago Board Options Exchange (CBOE) — the exchange applying with the SEC to list the Bitcoin ETF — had withdrawn its application for a rule change on the ETF in January, ostensibly due in part to the U.S. government shutdown. CBOE then resubmitted the application for consideration at the end of the month.In line with the law, the SEC must now make a decision about whether to allow the ETF to launch within 90 days from the date the notice is published — set for today, Feb. 20.As is standard practice, the notice states:“Within 45 days of the date of publication of this notice in the Federal Register or within such longer period up to 90 days (i) as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or (ii) as to which the Exchange consents, the Commission will:A. by order approve or disapprove such proposed rule change, orB. institute proceedings to determine whether the proposed rule change should be disapproved.”Last week, the SEC began the same type of review period for a Bitcoin ETF from the NYSE Arca exchange. The exchange had filed a rule change proposal to list and trade shares of the Bitwise Bitcoin ETF Trust. The SEC notice of the start of the review period was published on Feb.…Read More

  • Oracle Times - 20 February 2019, 9:32 am

    Current IoT authentication models generally rely on verification through username and password. As more and more IoT devices are introduced — it is believed that anywhere between 50 to 200 billion IoT devices will be operating worldwide by 2020 — this authentication method will become extremely difficult to track and maintain. Current identity verification processes … Continue reading “How to Bring Balance to IoT Device Identity Management with Blockchain” The post How to Bring Balance to IoT Device Identity Management with Blockchain appeared first on Oracle Times.Read More

  • Oracle Times - 20 February 2019, 9:11 am

    There’s currently no doubt that the process of mainstream adoption of cryptos has begun. All the moves that are taking place in the crypto space, banks using crypto, the increasing number of BTC ATMs, more merchants accepting Bitcoin and more digital assets, huge names backing mass adoption and so on. All these signs point to … Continue reading “Google Supports Bitcoin Mass Adoption – Enables BTC Symbol On iOS Keyboard” The post Google Supports Bitcoin Mass Adoption – Enables BTC Symbol On iOS Keyboard appeared first on Oracle Times.Read More

  • Oracle Times - 20 February 2019, 8:35 am

    Ethereum is the second largest digital asset in terms of market cap, and lately, it looks like the crypto has some pretty massive plans. Unlike some tokens, ETH seems to have had a few setbacks recently, and the mining rewards reached their all-time low due to enhanced average difficulty and a significant drop in block … Continue reading “Ethereum (ETH) Shoots To The Moon – Surpasses $5.56 Billion Mark In Daily Trading Volume, Hits Highest Record” The post Ethereum (ETH) Shoots To The Moon – Surpasses $5.56 Billion Mark In Daily Trading Volume, Hits Highest Record appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 20 February 2019, 8:08 am

    Major Japanese trading company is looking to leverage blockchain technology through a deal with LO3 Energy. Japanese general trading company Marubeni Corporation has partnered with a New York-based blockchain startup to use the technology for its energy business, Marubeni confirmed in a press release on Feb. 20.Marubeni, which has expanded beyond Japan into the United States as well as Europe, selected LO3 Energy’s transactive energy platform as the basis for an ongoing pilot project. The Japanese firm is the country’s fifth largest sōgō shōsha — a type of Japanese company that trades in a variety of products and materials.Using blockchain, the aim of the partnership is to increase automation and efficiency in Marubeni’s renewable energy offerings.“The Japanese energy sector is in the midst of a drastic transition, and there are increasing numbers of private power producers and suppliers interested in developing new customer offerings particularly in the renewable energy space,” LO3 Energy CEO Lawrence Orsini commented in the press release:“Initially this project is internally focused, but it is very much driven by the desire from Marubeni to explore the opportunities that blockchain management systems can offer in the transaction of energy throughout Japan.”“This project will allow us to privately evaluate how this kind of network could work here in Japan and develop case examples that we can use to decide how and when this kind of project could be implemented widely,” the chief operating officer of Marubeni’s power business division, Yoshiaki Yokota, added.In testing blockchain-based solutions for the transactional side of energy deployment, Marubeni joins an increasing pool of major players.At the end of last month, Fujitsu announced it had completed its own trial of a blockchain energy sharing project in conjunction with Japanese utilities supplier Eneres.LO3 Energy’s product has already seen active service in the so-called Brooklyn Microgrid project,…Read More

  • Cointelegraph.com News - 20 February 2019, 8:04 am

    Binance has launched the testnet of its new decentralized exchange, Binance DEX, which is based on the Binance Chain and supports hardware wallets. Major cryptocurrency exchange Binance has launched the testnet of its new decentralized exchange, Binance DEX, according to a press release shared with Cointelegraph on Feb. 20.Per Binance, the exchange, powered by Binance Chain — a new blockchain and peer-to-peer (p2p) distributed system — is already available for customers. Users can create wallets and start exchanging tokens on the Binance DEX testnet.CEO of Binance Changpeng Zhao explained that the new exchange will help users regain control of their private keys:“Binance DEX is a decentralized exchange with a decentralized network of nodes, where you hold your own private keys and manage your own wallet. With Binance DEX, we provide a different balance of security, freedom and ease-of-use, where you take more responsibility and are in more control of personal assets.”Binance DEX will reportedly support secure decentralized software and hardware wallets. Binance’s Trust Wallet will also be integrated with Binance DEX, along with the Ledger Nano S. More compatible wallets will purportedly be added soon, the press release notes.Earlier this week, Binance announced that Binance Coin (BNB) — which is currently an ERC20 token — will be moved to the Binance Chain in order to become a native asset. Zhao then claimed that Binance Chain is able to achieve one-second block times, reportedly 10-20 times faster than the Bitcoin and Ethereum blockchains.BNB is currently up over 12 percent over the past 24 hours, trading at $10.80 and ranked 10th largest coin by market cap by press time.Promises of a testnet release for Binance DEX had circulated since December 2018, but the exact date was only announced this month.In January, Binance was rumored to be planning expansion into several new countries,…Read More

  • Oracle Times - 20 February 2019, 8:04 am

    Ripple began 2019 with a lot of achievements especially regarding new partnerships and the adoption of the company’s products, especially XRP and xRapid. For instance, the latest company that supports XRP is the Japanese financial giant SBI who is also Ripple’s partner. The firm supports adoption massively with one of their most recent moves. They say that the new … Continue reading “XRP Adoption Increases: Ripple’s Digital Asset Reaches 50 New Banks In New Blockchain And Crypto Pilot” The post XRP Adoption Increases: Ripple’s Digital Asset Reaches 50 New Banks In New Blockchain And Crypto Pilot appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 20 February 2019, 12:53 am

    Tesla CEO Elon Musk said that Bitcoin is “a far better way to transfer value than pieces of paper,” during an interview on the advisory services firm ARK Invest’s podcast. Technology entrepreneur and Tesla CEO Elon Musk said that Bitcoin’s (BTC) structure is “quite brilliant” and that digital currency is “a far better way to transfer value than pieces of paper.” Musk made his remarks during an interview on advisory services firm ARK Invest’s podcast on Feb. 19.In response to a question about whether Bitcoin becomes the only native cryptocurrency of the Internet, Musk said that “the Bitcoin structure was quite brilliant,” and that he thinks that “one of the downsides of crypto is that computationally it is quite energy intensive. So there have to be some kind of constraints on the creation of crypto. But it’s very energy intensive to create the incremental Bitcoin at this point.”On this note, Musk stressed that “it would not be a good use of Tesla resources to get involved in crypto. We’re just really trying to accelerate the advance of sustainable energy.”Musk continued saying that cryptocurrency “bypasses currency controls […] paper money is going away, and crypto is a far better way to transfer value than pieces of paper, that’s for sure.”Last February, Musk tweeted that he only owned 0.25 BTC. He noted in the same tweet that apart from the 0.25 BTC a friend had given to him “many years ago”, he “literally own[s] zero cryptocurrency.”Previously, major industry players also argued that Bitcoin occupies a unique place as a store of value or “digital gold.” Mike Novogratz, a former Goldman Sachs partner and founder of crypto merchant bank Galaxy Digital, said that “Bitcoin is going to be digital gold, a place where you have sovereign money, it’s not U.S. money, it’s not…Read More

  • Cointelegraph.com News - 19 February 2019, 11:26 pm

    A Nova Scotia supreme court justice has chosen the legal representatives for clients of Canada’s major crypto exchange QuadrigaCX. The Supreme Court of Nova Scotia has ordered Canadian law firms Miller Thomson and Cox & Palmer to represent customers of cryptocurrency exchange QuadrigaCX in upcoming proceedings. The ruling was announced in a court filing published on Feb. 19.On Tuesday, Justice Michael Wood rendered a decision that Miller Thomson and Cox & Palmer will act as lead counsel to represent the representative committee of users of Canada’s major cryptocurrency exchange Quadriga.Specifically, the representative counsel will be responsible for “managing communications with users; acting as user liaison for the monitor [Ernst & Young]; advocating for user interests before the court; identify[ing] potential conflicting interest amongst users; and advocating for user privacy.”In the filing, Wood says that the proceedings should concentrate on efficiency and cost effectiveness, and that the counsel should not have open-ended retainers and undertake inquiries where they can exact fees from the exchange’s assets. The filing further explains:“Representative counsel can make the proceeding more efficient and cost effective for all parties by providing a clear mechanism for communicating with the stakeholders and avoiding a multiplicity of potentially conflicting retainers.”While the next hearing is scheduled on March 5, 2019, Justice Wood stated in the filing that he “expect[s] that representative counsel, the Monitor and the Applicants should be able to come to an agreement on most, if not all, of the terms of the order which could then be presented to the Court for consideration.”Wood’s decision follows a hearing on Feb. 14, when the Nova Scotia Supreme Court brought together over “a dozen” lawyers who were vying to represent the 115,000 cryptocurrency traders owed around $260 million ($195 million) by QuadrigaCX.On Feb. 13, Cointelegraph reported that Ersnt & Young’s recently released…Read More

  • Cointelegraph.com News - 19 February 2019, 11:03 pm

    A new survey reveals that organizations are not ready to implement blockchain tech, although a half of respondents are considering blockchain adoption. A new study has revealed that, while businesses are considering blockchain adoption, overall they do not feel ready to implement the technology. The survey was conducted by software development firm Globant and published on Feb. 19.The report says that 64 percent of organizations are intent on investing in blockchain solutions to improve their internal operations, while only 46 percent of respondents feel ready to deploy the technology.Out of 61 percent of organizations that are already researching blockchain, only 28 percent have chosen a blockchain provider. According to the survey, the majority of decision-makers are still investigating the technology and comparing vendors, and have not yet defined their stance on blockchain tech.Diego Tartara, CTO Latin America at Globant, said, “Blockchain implementation is different for every organization, so it’s imperative for business leaders to have a unified idea of what their integration will look like. The technology as such usually requires a shift in paradigm to adopt it, thus sharing core objectives for the technology is key for a successful blockchain integration.”To prepare the study, the researchers reportedly surveyed 679 senior-level decision makers employed in the fields of marketing, IT and operations in the United States during first quarter of 2018.Earlier this month, a TD Bank survey revealed that 90 percent of treasury and finance professionals think that blockchain and distributed ledger technology (DLT) will positively affect the payments industry. Per the survey, only 14 percent of the respondents said that their organization has training strategies for blockchain.A survey by the Global Blockchain Business Council published last January revealed that 63 percent of respondents believe that senior business executives have a poor understanding of blockchain technology. 30 percent consider their…Read More

  • Cointelegraph.com News - 19 February 2019, 9:14 pm

    A new survey from investment platform eToro has revealed that 43 percent of millennial traders trust traditional stock exchanges less than crypto exchanges. Nearly half of millennial traders have more trust in digital currency exchanges than in United States (U.S.) stock market exchanges. Data regarding millennial investment attitudes was collected in a new study from investment platform eToro and published on Feb. 19.Per the report, 43 percent of the surveyed millenial online traders demonstrate less trust in the traditional stock market, while having more faith in cryptocurrency exchanges. 93 percent of millennial cryptocurrency traders reportedly said that they would invest more in digital currency if traditional financial institutions proposed such an option. At the same time, 71 percent of millennials that do not trade cryptocurrency said that they would begin if it were offered by conventional institutions.Managing Director of eToro U.S., Guy Hirsch, said that the market is now witnessing a generation shift in trust from traditional stock exchanges to digital currency ones. “Immutability is native to blockchains and that makes real-time audit to be sensible and cost-effective and that is why millennials and Gen X perceive crypto exchanges as less likely to be subject to manipulation and less likely to be a place where bad actors get rewarded with taxpayer money,” Hirsch explained.45 percent of the respondents expressed interest in allocating cryptocurrency in their 401(k) retirement savings plans, and 74 percent of digital currency traders would like to receive that option from their 401(k) plan providers.The research was conducted by market research and strategy firm Provoke Insights on behalf of eToro in September 2018. Throughout the course of the study, the company surveyed 1,000 online investors from ages 20 to 65. The company notes that the margin of error is around 3 percent.Research published last November revealed that cryptocurrency…Read More

  • Oracle Times - 19 February 2019, 12:46 pm

    There are various crypto-related predictions these days, and some of them seem a bit far-fetched, but you never know. During a brand new interview with Fox Business, billionaire Bitcoin investor Tim Draper said that investors are risking their money by keeping it in banks. When the man was asked to provide a timeline on when … Continue reading “Tim Draper Says Crypto Is Safer Than Fiat And In 5 Years Only Criminals Will Use Cash – Meanwhile, Monero (XMR) Is Becoming Cybercriminals’ Favorite Crypto” The post Tim Draper Says Crypto Is Safer Than Fiat And In 5 Years Only Criminals Will Use Cash – Meanwhile, Monero (XMR) Is Becoming Cybercriminals’ Favorite Crypto appeared first on Oracle Times.Read More

  • Oracle Times - 19 February 2019, 11:12 am

    Ever since the introduction of Bitcoin in 2009, people have been interested in buying them. As the years went by with the release of other coins the interest has grown. The release of Altcoins – alternative coins to Bitcoin, the “sales” of Bitcoin dropped, but the overall interest in buying has increased. Regardless if you’re … Continue reading “Can Crypto Replace Cash? ” The post Can Crypto Replace Cash?  appeared first on Oracle Times.Read More

  • Oracle Times - 19 February 2019, 10:28 am

    Rakuten is one of Japan’s largest online retailers, and it’s often referred to as the Japanese version of Amazon. The giant could soon accept Bitcoin (BTC) payments, and it could start processing BTC transactions via its mobile payment application. The annual earnings reports of the giant company mentioned that the management is currently working on … Continue reading “Japan’s Version Of Amazon, Rakuten Could Start Supporting Crypto Adoption – Binance’s Changpeng Zhao Urges Online Merchants To Accept Crypto” The post Japan’s Version Of Amazon, Rakuten Could Start Supporting Crypto Adoption – Binance’s Changpeng Zhao Urges Online Merchants To Accept Crypto appeared first on Oracle Times.Read More

  • Oracle Times - 19 February 2019, 9:15 am

    Ripple and its products especially XRP are in the spotlight again as they get support from more and more important names in the industry. Remitly is a global payments unicorn which transfers huge amounts on a yearly basis. We’re talking about $6 billion a year and they do this by allowing customers to make person-to-person … Continue reading “$6 Billion Global Payments Unicorn Remitly Supports Ripple’s Tech And ChainFront Startup Boosts XRP” The post $6 Billion Global Payments Unicorn Remitly Supports Ripple’s Tech And ChainFront Startup Boosts XRP appeared first on Oracle Times.Read More

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