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:

  • Cointelegraph.com News - 20 April 2019, 9:21 pm

    BSV has been on the periphery of crypto news this week. Bitcoin SV (BSV) — the altcoin that emerged during the bitcoin cash (BCH) hard fork last November and which took the moniker “Satoshi’s vision” — has been on the periphery of crypto news this week. BSV is famously backed by Craig Wright, an Australian entrepreneur, chief scientist at his startup called nChain and self-proclaimed Satoshi Nakamoto.After Binance, one of the world’s largest cryptocurrencies, decided to delist BSV amid Wright’s campaign to deanonymize one of his critics, other major platforms — including ShapeShift and Kraken — followed suit.As a result, the price of BSV tanked. Meanwhile, Wright and his team have purportedly served some of their critics with court documents, demanding public apologies.#WeAreAllHodlonaut: How Wright has enraged the crypto communityThe delisting marathon was preceded by Craig Wright’s run-in with an anonymous Twitter personality nicknamed Hodlonaut, who also organized the Lightning Torch campaign. According to crypto news outlet Coingeek (founded by billionaire Calvin Ayre, who has been vocal about his support for BSV), Hodlonaut targeted the Australian businessman with offensive tweets, calling him “a very sad and pathetic scammer. Clearly mentally ill,” and allegedly participating in the creation of the #CraigWrightIsAFraud hashtag.While Craig Wright has repeatedly claimed that he is Satoshi Nakamoto, much of the cryptocurrency community seems skeptical about those statements, widely referring to Wright as “faketoshi.” Back in December 2015, Wired and Gizmodo reported that the Australian computer scientist might be the creator of bitcoin (BTC), but a substantial part of the evidence presented in the reports — both of which cited an anonymous source who had contacted them voluntarily — was soon proved false. Wired subsequently assumed that Wright “was likely pulling an elaborate hoax or con” to present himself as Satoshi to the public.On April 11, Coingeek…Read More

  • Oracle Times - 20 April 2019, 5:56 pm

    On the Dread community on the Dark Web, there’s a mind-blowing thread which claims that Wall Street Market has likely exit scammed. Long story short, the Dream market, the oldest one in the industry, has randomly decided to shut down. All investors have then moved to the Wall Street Market and the issue debated on … Continue reading “BREAKING NEWS: Wall Street Market Has Likely Exit Scammed – $30 Million Stolen, People Blackmailed – Warning: Do Not Deposit Coins Or Make Orders” The post BREAKING NEWS: Wall Street Market Has Likely Exit Scammed – $30 Million Stolen, People Blackmailed – Warning: Do Not Deposit Coins Or Make Orders appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 20 April 2019, 4:23 pm

    Most of the top 20 cryptocurrencies are reporting a mix of slight gains and losses on the day as bitcoin crosses the $5,300 line. Saturday, April 20 — most of the top 20 cryptocurrencies are reporting slight gains and losses capped under 2% on the day to press time. Bitcoin (BTC) is hovering above the $5,300 mark.Market visualization courtesy of Coin360Bitcoin is up about one percent on the day, trading at $5,342 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is up a solid 5%.Bitcoin 7-day price chart. Source: CoinMarketCapEther (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $18.3 billion. The second-largest altcoin, XRP, has a market cap of $13.8 billion at press time.CoinMarketCap data shows that ETH is up about half a percent over the last 24 hours. At press time, ETH is trading around $173. On the week, the coin has also seen its value increase by close to 6%.Ether 7-day price chart. Source: CoinMarketCapXRP is conversely down about half a percent over the last 24 hours and is currently trading at around $0.329. On the week, the coin is up a modest 1.2%.XRP 7-day price chart. Source: CoinMarketCapAmong the top 20 cryptocurrencies by market cap, the coin reporting the most notable price action is binance coin (BNB), ranked 7th, which is up nearly 3% on the day and over 33% on the week.At press time, the total market capitalization of all cryptocurrencies is $181 billion, over four percent higher than the value it reported a week ago.Total market capitalization seven-day chart. Source: CoinMarketCapAs Cointelegraph wrote this week, a recent report by digital assets fund Adamant Capital claims that the crypto bear market is winding down and is in its final stage.A recently published survey from Gold IRA Guide…Read More

  • Cointelegraph.com News - 20 April 2019, 2:49 pm

    Another vote about whether to raise the so-called stability fee for Maker’s ethereum-based DAI decentralized stablecoin by 3% has started. Another vote about whether to raise the so-called stability fee for Maker’s ethereum (ETH)-based DAI decentralized stablecoin by 3% has started on the governance portal of the Decentralized Autonomous Organization (DAO) on April 19.MakerDAO, which issues the USD-pegged aforementioned algorithmic decentralized stablecoin, is seeking to improve the token’s peg by increasing the yearly stability fee. The stability fee is a charge levied by Maker participants when Dai is used for loans.In March, the DAO already raised the stability fee twice, first to 3.5%, and then to 7.5% per year. Also last week, the fee was further increased by another 4% in the fifth such vote this year, bringing it to 11.5%, where it currently stands. If the increase will be accepted again, the fee will reach 15.5%.The proposal points out that the need for the increase has been discussed in the governance call on April 18, of which a video has been uploaded to YouTube. The community expressed a mixed response in the comments to the announcement of the vote on Reddit.One user expressed concern, stating that the frequent changes to the stability fee, according to him, turns the system into an unpredictably short term leverage system. Other users noted that raising the fee to improve the peg apparently isn’t working.As Cointelegraph reported in mid-March, senior advisor for digital assets at the United States Securities and Exchanges Commission Valerie Szczepanik reportedly noted that algorithmic stablecoins could experience issues under current securities laws.Read More

  • Oracle Times - 20 April 2019, 11:25 am

    The crypto market seems to flourish again this year and bulls are expected to return stronger than ever, according to more expert voices in the crypto sphere. Besides high prices, the crypto space is also expecting to enjoy mainstream adoption of digital assets this year. New bulls about to start soon We recently brought up … Continue reading “Bitcoin Market On The Rise Again, BTC Volatility Decreases – This Is The Perfect Time To Invest In Crypto” The post Bitcoin Market On The Rise Again, BTC Volatility Decreases – This Is The Perfect Time To Invest In Crypto appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 20 April 2019, 10:40 am

    Thailand is opening up to crypto, operating an ICO portal and considering the possibility of regulating security tokens. Since July, Thailand and its Securities and Exchange Commission (SEC) have voiced their intent to legalize the local initial coin offering (ICO) market and open it to startups. On Dec. 1, 2018, however, Cointelegraph reported that the Thai SEC declared Thai-related security token offerings (STOs) in international markets to be illegal and said that it will take appropriate legal action against companies that attempt to distribute STOs created in Thailand to overseas markets. Tipsuda Thavaramara, the deputy secretary of the Thai SEC, reportedly said: “The regulator will have to consider how to deal with STOs for issues such as share ownership, voting rights and dividend. At the moment, we have not decided whether STOs fall under the SEC Act or the Digital Asset Act, but it depends on the STO’s conditions and the details in its white paper.” The government’s initial stance toward the approval of STOs in the local market contradicted the Thai SEC’s plans to legalize ICOs and allow companies to raise capital from investors in the public market. This month, the Thai SEC reportedly approved the launch of the country’s first ICO portal, with plans to approve an ICO project in the near future. Archari Suppiroj, the director of the fintech department at the SEC, said that the launch of the ICO portal could lead to the approval of STOs in the local market: “The next step is for an issuer to offer security tokens in the primary market.” Importance of STOs on foreign investment Andreessen Horowitz, billionaire investor Peter Thiel’s Founders Fund and several more major venture capital firms have funded security token projects throughout the past year, betting largely on the value security tokens with high liquidity and…Read More

  • Cointelegraph.com News - 20 April 2019, 10:09 am

    A Chinese publicly listed construction company turned to cryptocurrency mining firm has been reportedly sold after its value decreased by over 90%. Chinese publicly listed construction company turned to cryptocurrency mining firm, Huatie HengAn, has reportedly been sold after its value decreased by over 90%. The development was reported by English-language local crypto-focused media 8btc on April 19.The firm has been reportedly sold for around 12 million yuan ($1.8 million), after its value decreased from 170 million Chinese yuan ($25.3 million) in under a year. Per the report, Huatie HengAn started as a subsidiary of the publicly listed parent company Huatie and claims to be mainly engaged in providing cloud computing services.Still, 8btc notes that its financial filings reveal that the company’s main business appears to be cryptocurrency mining, since in 2018, it purchased 36,500 machines from Avalon and Ebang. While the report allegedly calls the machines servers, the producers are actually known for the production of cryptocurrency mining Application Specific Integrated Circuits and reportedly don’t produce servers in the traditional sense.8btc claims that the sale of the company attracted much attention from the local crypto community, since it could be the country’s first listed company that has been revealed to engage in crypto mining. The loss sustained by the parent company because of the depreciation of its mining business reportedly amounted to over 95 million yuan ($14 million).This value purportedly exceeds the initial investment of around $25 million. Furthermore, 8btc notes that the company’s revenue for the year was 53 million yuan ($7.9 million) and that as of Feb. 28, the net loss increased to nearly 158 million yuan (roughly $23.5 million). All of this reportedly decreased the net asset worth of the company to only 12 million yuan ($1.8 million).A tweet published on April 12 by the research…Read More

  • Oracle Times - 20 April 2019, 10:00 am

    XRP adoption is steadily growing, and it seems that Huobi is offering Ripple’s digital asset a lot of support. Huobi US adds three XRP Pairs The arm of leading crypto exchange Huobi Global adds three XRP trading pairs to its platform. From now on, users will be able to trade XRP against the US dollar, … Continue reading “Boosting XRP Support: Huobi US Reveals New XRP Trading Pairs After Adding Ripple’s Coin To OTC Trading Platform ” The post Boosting XRP Support: Huobi US Reveals New XRP Trading Pairs After Adding Ripple’s Coin To OTC Trading Platform  appeared first on Oracle Times.Read More

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

    Crypto mainstream adoption is getting closer and more movements in the crypto space are supporting this considerable goal. Crypto experts have already said that 2019 will bring the cryptos closer to mainstream adoption. Rakuten is also known as the Japanese Amazon. The huge online retailer which has been working in e-commerce, media, online banking services … Continue reading ““Japanese Amazon” Rakuten Could Boost Bitcoin’s Price – Rakuten’s Crypto Exchange Gets Ready To Go Live” The post “Japanese Amazon” Rakuten Could Boost Bitcoin’s Price – Rakuten’s Crypto Exchange Gets Ready To Go Live appeared first on Oracle Times.Read More

  • Oracle Times - 20 April 2019, 8:05 am

    The latest analysis coming from Adamant Capital reports that a new Bitcoin bull run will be bringing the most important digital asset’s cap to trillions. Massive bulls are reportedly on the way The analysis says that whales are gathering BTC and the price history for the digital asset is mirroring unique parallels to the 2014-2015 … Continue reading “Bitcoin Bull Run: BTC Is Set Become A Multi-Trillion Dollar Asset, Says Adamant Capital” The post Bitcoin Bull Run: BTC Is Set Become A Multi-Trillion Dollar Asset, Says Adamant Capital appeared first on Oracle Times.Read More

  • Oracle Times - 20 April 2019, 7:21 am

    Ripple and XRP‘s quest for mainstream adoption continues, and more good news is heading for the community. Ripple-backed startup XRPL Labs has just launched a new payments app that’s designed to give store owners an easy way of accepting the digital asset XRP. XRPayments is available on Android and iOS The app is called XRPayments, … Continue reading “XRP Payments App For Retail Stores Is Available On iOS and Android Via The App Store & Google Play Store” The post XRP Payments App For Retail Stores Is Available On iOS and Android Via The App Store & Google Play Store appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 19 April 2019, 11:55 pm

    Mithril has adopted the Binance Chain, the mainnet of the leading cryptocurrency exchange Binance. Decentralized social media platform Mithril (MITH) has adopted the Binance Chain, the mainnet of the leading cryptocurrency exchange Binance. The development was announced by Mithril in a blog post published on April 18.With the step, Mithril — a social media platform that rewards content creators with its native token MITH —  becomes the purported first to shift to the Binanche Chain, with MITH token migrating from ERC-20 to BEP2. At Mithril, users gain MITH through Mithril mining, while managing their assets on the company’s platform VAULT.Binance users will be able to withdraw MITH to BEP2 wallets following the completion of the initial migration of ERC-20-based MITH to BEP2. The development will purportedly not have an impact on ERC-20 versions of MITH held in private ethereum (ETH) wallets.Binance launched Binance Chain yesterday, April 18, and expects to execute the swap of its native token Binance Coin (BNB) on April 23. The exchange initially revealed its plans to launch its own blockchain in December 2018, intending to build a basis for issuing new cryptocurrencies and initial coin offering (ICO) tokens.Along with the launch of Binance Chain, the exchange provided details for the conversion of ERC-20 BNB tokens into native Binance Chain-based BNB (BEP2) coins. As such, Binance emphasized it will not support the withdrawal of ERC-20 BNB tokens after April 23.Read More

  • Cointelegraph.com News - 19 April 2019, 11:00 pm

    Major cryptocurrency exchange Poloniex will support Tether’s stablecoin USDT coin on the Tron blockchain. Major cryptocurrency exchange Poloniex will support Tether’s stablecoin USDT coin on the Tron (TRX) blockchain, according to an announcement published on April 19.United States-based digital currency exchange Poloniex has added support for deposits and withdrawals of USDT on the Tron network. The development will reportedly support Tether on both chains —  USDT issued on the Omni protocol and the Tron network.Poloniex said in the announcement that its decision to support the new chain is reasoned by expanded flexibility it provides to the USDT platform. In order to support both versions, Poloniex will be converting a percentage of Tether currently on the Omni blockchain to Tether on the Tron blockchain.Additionally, Poloniex is planning to launch an airdrop to eligible clients owning Tether later this month. “The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex,” the exchange says.Tether started issuing USDT on the Tron (TRX) blockchain on April 17. The development is an upgrade from the Omni protocol-based USDT, that purportedly enables users to hold and transfer the cryptocurrency through smart contracts on Tron.Last December, Poloniex launched a dedicated offering for institutional traders. The exchange thus joined an increasing array of operators looking to service the institutional market.Prior to that, Poloniex announced plans to remove margin and lending products for its customers in the U.S and delist three digital assets, Synereo (AMP), Expanse (EXP), and Gnosis (GNO). Poloniex explained then that the move had been taken to ensure the exchange complies with regulatory requirements in every jurisdiction. The announcement, however, did not refer directly to any specific regulations.Read More

  • Oracle Times - 19 April 2019, 10:39 pm

    The whole crypto space comes together these days and rallies against Craig Wright who has been falsely claiming that he’s the Bitcoin inventor, the great Satoshi Nakamoto. Even if there are various pieces of proof that the man is not who he claims to be, he continues his quest and has even started to intimidate … Continue reading “Is Monero (XMR) next to be delisted after BSV? Atomic swaps needed now” The post Is Monero (XMR) next to be delisted after BSV? Atomic swaps needed now appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 19 April 2019, 10:35 pm

    FPT Corporation and SBI Holdings Inc have jointly invested $3 million in Vietnamese blockchain startup Utop. Technology company FPT Corporation and financial services firm SBI Holdings Inc have jointly invested $3 million in Vietnamese blockchain startup Utop, local English language daily news outlet Viet Nam News reported on April 19.FPT Corporation and SBI Holdings Inc have reportedly signed a memorandum of understanding (MoU) to invest $3 million in joint venture Utop, a technology startup based on FPT’s enterprise blockchain platform dubbed akaChain. Utop is designed to gain and redeem loyalty points at merchants within the same network.The project will purportedly enable small businesses registered on the network to reduce costs and secure data through the akaChain platform. FPT Chairman Truong Gia Binh said that “the development of Industry 4.0 technologies has created breakthrough opportunities for businesses, mushrooming so many innovative business models. We call it digital transformation.”SBI has previously invested in a number of ventures in the cryptocurrency sector, including its own exchange Vctrade, alongside a series of investments in businesses developing cryptocurrency infrastructure and services.Last October, SBI and Ripple’s XRP-powered payments app, MoneyTap, went live for account holders at selected Japanese banks. At the time, the app intended to include a consortium of 61 institutions, representing over 80 percent of all of Japan’s banking assets, in its service.That same month, the development and innovation wing of Vietnam’s largest telecommunications operator Viettel Group, the Viettel Enterprise Solutions Corporation, set a goal to become Vietnam’s leading blockchain technology provider in five years. “Blockchain is an unlimited ecosystem. The most difficult task for Viettel is choosing the most effective blockchain technology that can be applied in daily life,” the company’s deputy general director Ngo Vinh Quy said then.Read More

  • Cointelegraph.com News - 19 April 2019, 9:15 pm

    A recent report shows that the cryptocurrency bear market is winding down and is in its final stage, the accumulation phase. The cryptocurrency bear market is winding down and is in its final stage, the accumulation phase, according to a report from digital assets fund Adamant Capital published on April 18.Per the report, the accumulation phase is expected to bring bitcoin (BTC) to trade in the corridor between $3,000 and $6,500 until the new bull market gains ground. The researchers suggest that bitcoin whales are currently accumulating the leading cryptocurrency which echoes the bear market from 2014 to 2015.The analysis reportedly showed that most retail traders have left the current market, while agnostic traders and long-term investors have become dominant. That reportedly fits BTC volatility lows analysis, wherein recent bitcoin 60 day volatility slumped below 5% —  a level not seen since late 2016. The report further explains:“During the accumulation phase, the market will trade in a range: the weak hands, who are trying to get out of the market, take profit during rallies and thus create the resistance, and the strong hands, looking to accumulate, buy at the bottom of the range which eventually creates a floor in the piece.”Millenials are also one of the key drivers of the cryptocurrency market growth, the report says, as 92% of this generation does not trust banks and the majority of bitcoin buyers are also millennials. The researchers forecast that bitcoin will see mass adoption in the coming five years, as well as become widely recognized as a portfolio hedging instrument and reserve asset.As previously reported, research by blockchain-focused company Clovr revealed that cryptocurrency investing is most popular among millennials earning from $75,000 to $99,999 annually. Millenials are reportedly almost twice as likely as any other generation to invest in digital currencies,…Read More

  • Cointelegraph.com News - 19 April 2019, 8:14 pm

    Bitcoin SV blockchain is struggling with its large block size following a series of block re-organizations. The Bitcoin Satoshi Vision (BSV) blockchain is struggling with its large block size following a series of block re-organizations, cryptocurrency exchange BitMEX tweeted on April 19.In the post, BitMEX reveals that on April 18 its BSV node “experienced 2 block re-organizations. First a 3 block re-organisation, followed by a 6 block re-organisation.” BitMEX provided a diagram in the post:Bitcoin SV block reorganization. Source: BitMEXBlockchain re-organization is a situation when two miners discover a block simultaneously in a blockchain which causes a temporary forking in the network, with the situation resolved when a miner finds the next block as their chain has the more work out of two forks. The block which caused the fork becomes “orphaned,” and is changed with the block from the fork with more blocks. Block re-organization occurs when the network is too slow to reproduce blocks efficiently.In the comments to the tweet, BitMEX explains that it detected two valid competing chains, with a split occurred at block 578,639. BitMEX’s node reportedly followed the chain on the left until block 578,642, which further leapt to the right. In about an hour the chain reportedly jumped back to the left side. BitMEX notes that no double spending took place.When asked what it could possibly mean, BitMEX outlined several variants, saying that the Bitcoin Cash SV network is not reliable for payments, the block size limit is too large and network latency is too high.Most recently, BSV has had difficulties on cryptocurrency exchanges, with some announcing they would delist the coin. Major crypto exchange Binance stated that as of April 22, it will delist and cease trading on all trading pairs for BSV. Binance explained that it only delists a coin after another…Read More

  • Cointelegraph.com News - 19 April 2019, 7:06 pm

    The crypto and blockchain space is attracting investment from both venture capitalists and the government. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.The recovery in crypto prices has led to an increase in over-the-counter (OTC) demand for Bitcoin and altcoins. This surge in volume was cited by Binance’s CFO as one of the reasons for its strong Q1 performance.Another platform being watched closely is the yet-to-be-launched Bakkt. Anonymous sources told Bloomberg that the United States Commodity Futures Trading Commission (CFTC) is reluctant to approve the Bitcoin futures because Bakkt intends to hold user assets. However, as the CFTC recognizes state bank and trust licenses, Bakkt might seek a New York BitLicense to launch its bitcoin futures. This is likely to increase the possibility of a green signal by the CFTC for the project.The crypto and blockchain space is attracting investment from both venture capitalists and the government. Compared to the $2.5 billion in investments by venture capital firms in 2018, the space has already seen investors pump in $850 million in 2019. At this pace, this year’s total investment is likely to top that of last year. Similarly, the U.S. federal government’s blockchain spending is expected to increase from $10.7 million in 2017 to $123.5 million by 2022.We also like the way the community has been quick to respond to the Notre Dame tragedy.BTC/USDBitcoin (BTC) has continued to move up at a snail’s pace. This shows that the bulls are nervous to buy aggressively at higher levels. But if the digital currency rises above $5404.82, it might attract some buying and short covering.…Read More

  • Cointelegraph.com News - 19 April 2019, 6:07 pm

    The vast majority of American retirees do not know what bitcoin is, or are not interested in investing in it so far. About 3% of American retirees claimed to own some bitcoin (BTC) in a new survey released by precious metals-focused magazine Gold IRA Guide on April 17.In April, Gold IRA Guide conducted a survey asking 1,000 American retirees over 50 years old about their thoughts on investing in major cryptocurrency bitcoin.According to the survey results, 56.7% of respondents were aware of bitcoin, but were not interested to invest, while 2.7 percent claimed that they already owned some bitcoin.Around 3.5 percent said that they would like to invest in bitcoin, but did not know how to start, while 4.5 of retirees expressed interest in investing in bitcoin, but decided to keep an eye on it instead of going forward on the matter.With that, a large fraction of American retirees appeared to not even know what bitcoin is, with 32.9% of respondents having answered that they “have no idea what bitcoin is.”American retirees about investing in bitcoin. Source: Gold IRA GuideEarlier in April, Cointelegraph reported that 2% of citizens of Russia have invested in bitcoin, based on a survey by the oldest polling institution in post-Soviet Russia.Recently, trade publications Global Custodian and The Trade Crypto released a joint study that found that 94% of endowments have been allocating to crypto-related investments throughout 2018.Read More

  • Cointelegraph.com News - 19 April 2019, 5:22 pm

    Bitcoin continues to account for the lion’s share of crypto-denominated ransomware payments — 98% as compared with just 2% for privacy coins like dash and monero. Bitcoin (BTC) continues to account for the lion’s share of crypto-denominated ransomware payments, according to Coveware’s Q1 2019 Global Ransomware Marketplace report, published on April 15.The report — reportedly based upon aggregated ransomware data from cases tackled by Coveware’s Incident Response Team — indicates that in Q1 2019 the ransomware landscape saw a sharp increase in the average ransom demanded by threat actors.The average sum — demanded in exchange for the ostensible delivery of a decryptor tool that can help victims recover data after a ransomware attack — rose 89% from a median $6,733 in Q4 2018 to $12,762 in Q1 2019, the report states.Of these ransoms that were paid in cryptocurrency, 98% were payable in bitcoin. The report outlines that in Q1 2019:“[H]andling cryptocurrency continued to be a major source of friction for victims, and thus the threat actors as well. It is unlikely that ransomware rotates towards a different cryptocurrency anytime soon as they are even more nuanced to procure and handle.”Coveware notes that threat actors have scant need to migrate away from bitcoin to other coins as they reportedly face little difficulty using mixing services to exchange bitcoin for privacy-focused cryptos such as dash (DASH) or monero (XMR).Privacy coins are thus used for only 2% of ransomware payments, according to Coveware’s data, and are largely used later in the process, once the payment has been received and threat actors subsequently attempt to obfuscate the transfer of their ill-gotten funds.GandCrab — a strain of ransomware that accounts for 20% of the market, according to Coveware’s data — was the only prevalent strain where threat actors accept payment in either dash or bitcoin.Moreover,…Read More

  • Cointelegraph.com News - 19 April 2019, 4:32 pm

    Afghanistan and Tunisia’s central banks are reportedly looking to issue a bitcoin bond. Afghanistan and Tunisia’s central banks are looking to issue a bitcoin (BTC) bond, Hong Kong-based news outlet Asia Times reports on April 17.Per the report, the governors of the two country’s central banks spoke at the annual Spring Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund in Washington between April 8 and 14. Afghanistan’s central bank governor Khalil Sediq allegedly told Asia Times that the institution is considering issuing a sovereign crypto bond to raise $5.8 billion.The funds would be used for private-sector investment in mining, energy and agriculture. Alongside bitcoin, Sediq reportedly mentioned metal futures (for instance lithium) and pointed out that the country’s mineral reserves are estimated to be worth over $3 trillion.On the other hand, Marouane El Abassi, governor of Tunisia’s central bank and former World Bank official, purportedly declared that the institution is looking into the issuance of a bitcoin bond. According to the report, Abassi also claimed that the country was one of the first to issue a digital currency and already implemented payments through a digital system.Furthermore, Abassi also reportedly lauded bitcoin, blockchain and Hyperledger as a tool for central banks to combat money laundering, manage remittances fight terrorism and limit grey economies. Lastly, the article also notes that Uzbek ambassador Javlon Vakhabov mentioned that Uzbekistan does not rule out the development of a bitcoin bond either.As Cointelegraph reported in September last year, Austria’s government also launched €1.15 billion ($1.35 billion) of government bonds on the Ethereum (ETH) public blockchain.More recently, in March, Germany’s justice and finance ministries have proposed to launch a state-run register to boost the use of blockchain for electronic bonds.Read More

  • Cointelegraph.com News - 19 April 2019, 4:04 pm

    The Bank of Russia believes that CBDCs can reduce transaction costs in the economy and provide an asset that is less risky. The central bank of Russia has reviewed the potential benefits and drawbacks of central bank digital currencies (CBDC) in a policy brief published on April 18.In the document, entitled “Is there a future for central bank digital currencies,” the Central Bank of the Russian Federation outlined a number of potential benefits of CBDCs, such as their capability to reduce transaction costs in the economy, as well as provide an asset that is less risky and more liquid.However, the Bank of Russia noted that CBDCs’ potential to minimize transaction costs can be only realized in case a technical solution for CBDCs will offer a better tool in terms of ease of use in payments and savings, as compared with fiat money and debit cards.While acknowledging the sufficient advantages of CBDCs, the central bank pinpointed CBDCs’ lack of anonymity as the only one potential disadvantage. Specifically, the bank stressed CBDCs’ inability to provide the same level of anonymity as compared with cash.The document notes:“CBDC de facto cannot provide the same level of anonymity that is provided by cash. This is  certainly an advantage for regulators, but can be considered a disadvantage by users, not only those who are involved in suspicious activities, but those who are concerned about privacy.”The Bank of Russia also stated that CBDCs are able to compete with commercial bank deposits in a context of low inflation and moderate interest rates. CBDCs can become a full equivalent of cash only in the case of providing liquidity and ease of use, the bank wrote.A CBDC is a digital currency issued by a central bank that has the status of legal tender and other properties of centralized, fiat money.Recently,…Read More

  • Cointelegraph.com News - 19 April 2019, 1:53 pm

    ZenGo uses new forms of transaction signing to simplify the crypto experience for non-technical new crypto users Israeli cryptocurrency developer KZen has raised $4 million from backers including South Korean electronics giant Samsung, industry news outlet The Block reported on April 17.The company’s product, smartphone wallet app ZenGo — currently in beta phase testing — aims to simplify custodial wallet usage for entry-level cryptocurrency users.Using a combination of split key storage and biometric security features, the company hopes users will be able to benefit from a simple wallet user interface while not relying on a third party or themselves to hold their private keys and other sensitive information.A smartphone and cloud storage form the two sharers of information needed to sign a transaction, part of a setup called threshold signatures.“ZenGo uses open source threshold cryptography to replace the private key and all the troubles related to securely managing non-custodial wallets,” CEO and cofounder, Ouriel Ohayon, wrote in a blog post on April 15. He added:“Our solution eliminates the typical friction points of onboarding and backup and does so without the existence of a single point of failure.”Other sponsors of the investment round included Elron and Benson Oak Ventures.The product builds on a trend that fellow custody startup Casa began with its mobile app Keymaster. Casa, however, only supports bitcoin (BTC), whereas ZenGo does not limit users to specific tokens.Regarding the security of the cloud server aspect needed for transactions to work, Ohayon told The Block that extra backup procedures would appear following launch.The private beta is currently available on iOS, with an Android equivalent to follow.Read More

  • Cointelegraph.com News - 19 April 2019, 1:48 pm

    The top 20 cryptocurrencies are reporting mixed movements on the day as bitcoin hovers over the $5,250 mark. Friday, April 19 — The top 20 cryptocurrencies are reporting mixed movements on the day by press time, as bitcoin (BTC) hovers over the $5,250 mark.Market visualization courtesy of Coin360Bitcoin is down a fraction of a percent on the day, trading at $5,264 at press time, according to CoinMarketCap. Looking at its weekly chart, the coin is over 3.5%.Bitcoin 7-day price chart. Source: CoinMarketCapEther (ETH) is holding onto its position as the largest altcoin by market cap, which is nearly $18.2 billion. The second-largest altcoin, Ripple (XRP), has a market cap of $13.9 billion at press time.CoinMarketCap data shows that ETH is up over half of a percent over the last 24 hours. At press time, ETH is trading around $173. On the week, the coin has also seen its value increase by nearly 3.5%.Ethereum 7-day price chart. Source: CoinMarketCapXRP is down nearly 2% over the last 24 hours and is currently trading at around $0.331. On the week, the coin is up a modest 0.6%.Ripple 7-day price chart. Source: CoinMarketCapRecently, Hbus, the operator of the United States-based version of major crypto exchange Huobi.com, launched three trading pairs for XRP.Among the top 20 cryptocurrencies, the coin reporting the most notable price action is binance coin (BNB), which is up 8.8%.As Cointelegraph reported yesterday, Binance has launched its mainnet, Binance Chain, and expects to execute the swap of its native BNB token on April 23.At press time, the total market capitalization of all cryptocurrencies is $179 billion, over 3% higher than the value it reported a week ago.Total market capitalization 24-hour chart. Source: CoinMarketCapIn traditional markets, the United States stock market is seeing little movement so far today, with the S&P 500 up 4.58% and the Nasdaq up 0.02% at…Read More

  • Cointelegraph.com News - 19 April 2019, 1:18 pm

    Major crypto exchange Binance has reworded their quarterly manipulations section between February and March 2019. Binance has recently updated its white paper’s section devoted to quarterly manipulations with its native token binance coin (BNB), based on a version of the white paper backed up on the Internet Archive Wayback Machine on Feb. 8.According to the section “Repurchasing plan” in the older version, Binance stated that they would buy back BNB each quarter using 20% of their profits, and then destroy them until the exchange buys 50% of all 100 million BNB back.In the new version of the white paper, Binance has replaced “Repurchasing plan” with “The Burn” section, explaining that every quarter, the exchange will destroy BNB based on the trading volume on its crypto-to-crypto platform until it destroys 50% of all the BNB.Both versions conclude that the exchange will eventually destroy 100 million BNB, leaving 100 million BNB remaining.The older version of Binance’s white paper was captured on Wayback Machine on Feb. 8, while the newer version appeared in the archive on March 31.Binance’s older white paper version vs. updated version. Source: BinanceBinance BNB’s description on its website has remained unchanged at press time since November 2018, stating that Binance “plans to use 20% of its profits each quarter buy back and burn BNB, until 50% of the total BNB supply (100 million BNB) is burned.”As a Binance spokesperson told crypto news outlet The Block Crypto, Binance will still burn 20% of profits within the process described in the new version of the white paper.Addressing the change, Binance CEO Changpeng “CZ” Zhao confirmed the news to The Block Crypto, claiming that the rewording was made to clarify that the exchange does not repurchase any BNB, but simply reduces the supply by burning the tokens. He said:“We recently updated our…Read More

  • Cointelegraph.com News - 19 April 2019, 12:39 pm

    sponsored A blockchain platform is hoping to tackle inflationary prices in event tickets by uniting attendees and organizers through its specially created platform. A new blockchain-based platform says it has bold plans to transform the events industry — eliminating middlemen to reduce costs for organizers, promoters, entertainers, suppliers and consumers alike.Evedo argues that the sector’s scalability has been dramatically affected by a “lack of innovation” in the way events are organized. A multitude of platforms are often used to bring concerts and conferences to life, causing unnecessary delays and sometimes resulting in costly mistakes. In addition, the startup says the industry is riddled with middlemen who often charge large fees but “do not add value to the process” — occasionally resulting in “fraud and significant losses.”In its white paper, the company illustrates the real-world consequences that fragmentation in this industry can bring. Ticket prices can soar because of secondary black markets, inefficient systems can mean that tickets are duplicated, payments to top talent can be delayed, and organizers can face an uphill struggle as they look for new venues and sponsors.Three core valuesEvedo says that it prides itself on its three core values of “trust, creativity and empathy,” and believes that its infrastructure can help those working behind the scenes on major events achieve creative and exciting results, all while reducing the amount of time and effort they spend on realizing their vision.Its business-to-business (b2b) marketplace aims to connect organizers with the contractors and sponsors who can get their event off the ground — empowering them with the ability to easily compare fees and reputations so they find the perfect partner. Agreements would be bound by smart contracts, paving the way for automated payments whenever key milestones are reached. A “single point of workflow” would also make it easier for…Read More

  • Cointelegraph.com News - 19 April 2019, 12:09 pm

    NChain chief scientist and Bitcoin SV proponent Craig Wright has filed a libel claim in the U.K. against cryptocurrency podcaster Peter McCormack. NChain chief scientist and Bitcoin SV (BSV) proponent Craig Wright has filed a libel claim in the United Kingdom against cryptocurrency podcaster Peter McCormack. The podcaster tweeted a photo of the legal notice on April 18.The reason provided for the claim is that McCormack accused Wright of fraud and falsely claiming to be Satoshi Nakamoto, the creator of bitcoin (BTC). According to BSV-focused crypto news outlet CoinGeek, the claim aims to “prevent McCormack from making further fraudulent claims that Wright is not the individual behind the Satoshi Nakamoto pseudonym.”Furthermore, Wright also seeks £100,000 (over $130,000) in damages, plus legal costs and court fees. Wright’s attorneys reportedly personally served a notification to the defendants on Thursday and plan to file the claim next week.The claimant notes that he believes the attacks against him are actually meant to hurt Bitcoin Satoshi Vision instead. The report notes:“Wright maintains that BSV is the real target due to its capacity for massive on-chain scaling, which represents an existential threat to the future of other cryptocurrencies, the flawed design of which prevents them from scaling to meet the needs of a truly global financial platform.”As Cointelegraph recently reported, major cryptocurrency exchange Binance delisted BSV over a similar instance in which Wright took action against the anonymous Twitter user who initiated the Lightning Torch.Crypto exchange Kraken has also delisted BSV, as did centralized crypto swap service Shapeshift. In the meanwhile, OKEx announced that it will not delist the coin.Read More

  • Oracle Times - 19 April 2019, 11:03 am

    Monero (XMR), the most popular and important privacy-oriented coin has just hit its half-decade mark. On April 18, XMR celebrated its fifth birthday, and the same day, back in 2014, the project’s genesis block has been mined. The privacy crypto advanced a lot during this time, and it has definitely managed to change the crypto … Continue reading “Monero (XMR) Just Celebrated Its 5th Birthday – The Privacy-Oriented Coin Has Come A Long Way” The post Monero (XMR) Just Celebrated Its 5th Birthday – The Privacy-Oriented Coin Has Come A Long Way appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 19 April 2019, 10:05 am

    The CEO of Bithumb’s operator has revealed plans to expand to the U.S. and Japan. The CEO of Singapore-based Blockchain Exchange Alliance (BXA) — which has a controlling stake in major South Korean crypto exchange Bithumb — has revealed plans to expand to the American and Japanese markets. The news was reported by Cointelegraph Japan on April 18.BXA CEO BK Kim told Cointelegraph Japan in an interview that BXA’s strategy is to pursue a so-called reverse merger route by acquiring a publicly-traded company that is already listed on either Nasdaq or the New York Stock Exchange (NYSE).The route can be a faster way to take a company public than a traditional Initial Public Offering (IPO), BK Kim noted, adding that it can also help reduce listing fees — reportedly estimated to amount to around $6 million.According to BK Kim, BXA has already sought legal advice in the United States, where a lawyer has reportedly given the opinion that the current legal framework allows for BXA to be listed using such a reverse-merger structure.The CEO also revealed that BXA is currently seeking potential partners in Japan to establish a joint venture for a crypto exchange that would be officially licensed by the country’s watchdog.BK Kim further discussed plans to prospectively increase BXA’s stake in Bithumb by acquiring up to 70% of Bithumb operator BTC Holdings —  although he emphasized that even without the additional shares, BXA is already the controlling stakeholder for the exchange.In regard to BXA’s own token, BXA — already listed on BitMax exchange — the CEO noted that a potential Bithumb BXA listing would require thorough consideration of regulatory impediments and that the firm would announce any further developments on the matter.BK Kim’s disclosure of BXA’s U.S. plans confirms anonymous sources who had indicated the company’s interest in…Read More

  • Cointelegraph.com News - 19 April 2019, 9:38 am

    In a statement to Cointelegraph, the finance giant said its move to stop supporting BCH had been pre-planned. Japanese financial services giant SBI Holdings says the removal of bitcoin cash (BCH) from its exchange this week was not a result of the other deslistings involving bitcoin SV (BSV), Cointelegraph Japan reported April 19.SBI, which has never offered BSV trading, sparked controversy when executives moved to delist BCH, as it was BSV which had become the target of a cross-industry boycott.As Cointelegraph reported, multiple major exchanges have announced they will stop supporting BSV due to the legal threats made by Craig Wright and Calvin Ayre, its major proponents.The altcoin is a hard fork of BCH, which Wright and Ayre claim to be the original bitcoin. Its creation in November 2018 caused the price of both BCH and Bitcoin itself (BTC) to fall sharply.SBI’s move to delist BCH at a time when others were delisting BSV was met with criticism in light of business partnerships the company has with Wright’s business, nChain.In a statement to Cointelegraph Japan, however, executives denied any conflict of interest.“It is true that we do have a business relationship with Mr. Craig Wright through our partnership with nChain,” the statement reads. It continues:“However, our decision to delist Bitcoin Cash (ABC) is unrelated to the delisting of Bitcoin SV by several non-Japanese exchanges.”SBI added that the BCH delisting was in fact premeditated and was done in consultation with the Japanese Virtual Currencies Exchange Association. That the move came at the same time as BSV hit the headlines, it says, was purely coincidental.At press time on Friday, BCH traded down 3.2% on the day at $299, while BSV is trading around $59 amid the combined impact of mass delistings, $16 off its all-time lows.Wright has sent legal summons to several…Read More

  • Cointelegraph.com News - 19 April 2019, 9:29 am

    FinCEN has assessed a civil money penalty for a California resident accused of violating money transmission laws. The United States Financial Crimes Enforcement Network (FinCEN) has assessed a civil money penalty for a California resident accused of wilfully violating money transmission laws in his work as a peer-to-peer exchanger of virtual currencies. The news was announced in an official FinCEN news release on April 18.FinCEN — the U.S. Treasury Department’s financial crimes unit — says the move represents its first enforcement action against a peer-to-peer cryptocurrency exchanger.Eric Powers of Kern County, California, has been served a $35,000 fine and debarred from any future activities that would qualify his work as a money services business, the agency states.This was determined on the basis that Powers violated his statutory reporting and registration obligations under the U.S. Bank Secrecy Act, as the news release outlines:“As ‘money transmitters,’ peer-to-peer exchangers are required to comply with the BSA [Bank Secrecy Act] obligations that apply to MSBs [Money Services Businesses], including registering with FinCEN […] maintaining an effective AML [anti-money-laundering] program; filing Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs).”According to FinCEN’s assessment filing, Powers conducted over 1,700 transactions as a money transmitter between December 2012 and September 2014, buying and selling bitcoins (BTC) on behalf of customers.He is reported to have publicized his services on peer-to-peer sites such as bitcointalk.org, and to have coordinated crypto transactions for users of the now-defunct bitcoin exchange Mt. Gox.The news release states that Powers also processed numerous suspicious transactions — over 100 related to the illicit marketplace Silk Road — without filing an SAR. He is also reported to have conducted business via the dark web client TOR without verifying clients’ identities or the source of their funds.Over 200 of Powers’ transactions reportedly involved the physical exchange of…Read More

  • Cointelegraph.com News - 19 April 2019, 9:10 am

    Major U.S.-based crypto exchange and wallet Coinbase forecasted its 2018 revenue to be 60% higher than its alleged actual total. Major global crypto exchange Coinbase reportedly saw around $520 million in revenue last year, Reuters reported on April 18.The publication calculated the sum by looking at a filing to Britain’s corporate registry last week showing Coinbase’s non-U.S. revenue equaled around 154 million euros ($173 million), noting that a Coinbase executive once stated that the non-U.S. revenue is equal to almost one third of the overall revenueBased on Reuters’ calculations of Coinbase’s 2018 revenue, the crypto exchange has generated 60% less than its stated plans.In late October 2018, Bloomberg published an article claiming that Coinbase had projected that it would see $1.3 billion in revenue in 2018. Based on unspecified documents, Bloomberg wrote that the San Francisco-based crypto exchange foresaw significant revenue from commissions on trades, as well as from gains and losses in its crypto holdings, despite the bear market.In January 2018, industry sources reported that Coinbase made about $1 billion in revenue in 2017, overshooting its forecast for that year by 66 percent.The Cointelegraph team has not found any official data from Coinbase about its revenue for either 2017 or 2018.Founded in 2012, Coinbase is a major crypto trading and wallet service based in the United States. Recently, the exchange was featured in LinkedIn’s list of the most popular companies for 2019, with Coinbase placed at 35 out of a total of 50 companies.Coinbase Pro is currently ranked 43rd among global crypto trading markets by adjusted daily trading volume.On April 17, Coinbase expanded its crypto-to-crypto trading offering to 11 countries in Latin America and Southeast Asia, including Argentina, Mexico, Peru, as well as South Korea, Indonesia, the Philippines and others.Meanwhile, Binance, currently the third largest crypto exchange, was recently…Read More

  • Oracle Times - 19 April 2019, 9:04 am

    For quite a while now, Bitcoin and all digital assets are struggling to overtake traditional payment rails such as Visa, Mastercard, and PayPal. Ripple’s XRP, for instance, has been gaining more mass adoption and Ripple’s xRapid which uses XRP has already managed to overcome SWIFT with much faster, safer transactions and also cheaper fees. Also, … Continue reading “Crypto Vs. Visa/Mastercard/PayPal – Are Bitcoin (BTC), XRP More Viable Options?” The post Crypto Vs. Visa/Mastercard/PayPal – Are Bitcoin (BTC), XRP More Viable Options? appeared first on Oracle Times.Read More

  • Cointelegraph.com News - 19 April 2019, 8:54 am

    The two entities are integrating their solutions to provide greater transparency for supply chains in the consumer goods sector. Iota and internet of things (IoT) firm Evrythng announced a partnership to combine and apply their distributed ledger and IoT technologies to provide greater transparency for consumer goods supply chains. The news was revealed in a press release on April 17.According to the press release, Evrythng’s focus is to implement IoT and DLT technology to create unique, interactive and trackable identities for consumer products, with the aim of fostering greater transparency for both supply chain stakeholders and consumers.The partnership will reportedly see Evrythng’s Blockchain Integration Hub expand to include integrations with Iota’s distributed ledger protocol, known as Tangle.Tangle is different from blockchain in that it does not use “blocks” or mining, but rather is built upon a directed acyclic graph (DAG), a topologically ordered system in which different types of transactions run on different chains in the network simultaneously.Both partners highlight the lack of transparency and trust that besets the current supply chain system for consumer goods, given the reliance on centralized intermediaries that can potentially omit or tamper with data on products’ sourcing and provenance.By including Iota integrations within the Evrythng Blockchain Integration Hub, the collaboration will aim to leverage Iota’s trusted, permissionless and decentralized environment and feeless micro-transactions structure to address these challenges.Dominique Guinard, co-founder and CTO of Evrythng, has said that Iota’s public and permissionless IoT-focused protocol will facilitate interoperability between products and devices at scale.An accompanying blog post published by Iota on April 17 outlined the approaches the two partners have been pursuing, whereby data is collected and attached to a products’ digital identity, and simultaneously hashed and stored on the Iota Tangle. The post notes that consumers will be able to scan the digitized products with…Read More

  • Oracle Times - 19 April 2019, 7:20 am

    Coinbase makes another significant move in the crypto space. It has expanded its crypto-to-crypto trading services to 11 more countries via Coinbase.com and Coinbase Pro platforms. Coinbase offers its services in 11 more countries The Daily Hodl just reported that the exchange would be offering its services in 10 more countries from Latin America and … Continue reading “From Investment To Utility: Coinbase Launches Crypto-To-Crypto Trading Services In 11 Countries” The post From Investment To Utility: Coinbase Launches Crypto-To-Crypto Trading Services In 11 Countries appeared first on Oracle Times.Read More

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