Crypto News Feed

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

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

Crypto News Feed:

  • News - 19 August 2019, 6:45 pm

    Bank of America has filed a patent for a crypto-inclusive digital currency wallet with multiple tiers of access. United States-based investment banking company Bank of America (BofA) has filed a patent for a digital currency wallet with multiple layers of asset access. The proposed wallet would accept different passwords for different amounts of funds requested. The United States Patent and Trademark Office published BofA’s application on Aug. 15. Per the filing, this technology would comprise a computing platform with a digital wallet interface. The platform would be configured to operate within a peer-to-peer network for blockchain management — which could potentially be public or private.The application points to Bitcoin (BTC) and Ether (ETH) as examples of digital currencies that are increasingly gaining attention, and — per the filing — driving the need for better wallet infrastructure. As an example of how the wallet could work with top cryptos, BofA says:“As an illustrative example, the user may have logically abstracted 4 BTC and 20 ETH in the first tier of the digital wallet interface. The user may specify a first network function request for the Bitcoin decentralized P2P network involving 3 BTC and an address within the Bitcoin network, and a second network function request for the Ethereum decentralized P2P network involving 10 ETH and an address within the Ethereum network.”According to the filing, there are currently a number of issues with cryptocurrency wallet security, particularly in regard to private key management. Namely, private keys held by users are susceptible to theft or mishandling, and private keys held by third parties are no longer wholly-owned by users. BofA believes that their multi-tiered wallet system would be more secure than current wallet systems.A patent for settlementsAs previously reported by Cointelegraph, BofA has also filed a patent application for a settlements system. The technology in question…Read More

  • News - 19 August 2019, 6:30 pm

    Bitcoin is leading a recovery. Is this a bull trap or will it result in a new uptrend? Let’s analyze the charts. 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.Crypto enthusiasts despise fiat currencies while central banks have largely been against cryptocurrencies, as they consider crypto assets to be a form of competition to their existence. However, a new analysis has found that mere existence of cryptocurrencies benefits both society and the government. Cryptocurrencies offer an opportunity for citizens to diversify their investments. They act as a competition to fiat and prevent central banks from debasing fiat currencies. Conversely, governments benefit by allowing and taxing crypto investments in the economy.Though Facebook’s Libra project has hit rough waters, Binance has announced an open blockchain project dubbed “Venus” that will work with governments and various other corporations to launch localized stablecoins worldwide. Binance believes that the project will empower both developing and developed nations. It is banking on its existing compliance measures across various jurisdictions to help it gain the required regulatory approvals.BTC/USDBitcoin (BTC) is picking up momentum as it moves higher. This is a positive sign as it shows that bulls are not waiting for lower prices to buy. However, is this a bull trap that will suck in buyers and then turn around and plummet? Let’s analyze the chart.Let’s look at the positives that point to a resumption of the rally on the chart. The BTC/USD pair has held and bounced sharply from its critical support of $9,080. This confirms that bulls jump in to buy when the price dips to the support as…Read More

  • News - 19 August 2019, 6:01 pm

    Coinone’s Malta-based crypto exchange CGEX will cease operations on Sept. 18, following temporary termination of services. Coinone Global Exchange (CGEX), a Malta-based crypto exchange launched by major South Korean exchange Coinone, will terminate its service in mid-September.Less than a year in operationAccording to an announcement on Aug. 12, the exchange will shut down services at 2:00 a.m. UTC on Sept. 18. CGEX initially launched in October 2018.CGEX placed a services termination notice on the main page of its website, adding that it has decided that it can no longer maintain service.CGEX’s services termination notice | Source: CGEX In the notice, CGEX warned its customers that all assets on user accounts should be withdrawn by the closing date, as further withdrawals will no longer be available after that time. Personal user data, including transaction details, will be destroyed accordingly with the end of service.Temporary termination in the pastNews of CGEX’s termination follows previous notices of temporary termination of trading and transaction services on the platform. On June 17, CGEX first announced that they would temporarily terminate trading and deposit services starting July 17 in order to “prepare for a new paradigm change in cryptocurrency exchanges” and launch a new trading platform. At the time, the exchange said that the new CGEX would be introduced in Q3 2019.Read More

  • News - 19 August 2019, 5:25 pm

    Major crypto exchange BitMEX announced that it will restrict access to its platform from Seychelles, Hong Kong and Bermuda. Major cryptocurrency exchange BitMEX announced that it will restrict access to its platform in Seychelles, Hong Kong and Bermuda.Per an announcement published on Aug. 19, in order to ensure the safety of funds and the stability of the exchange, the firm restricted access from countries in which the offices and workers of its parent company — HDR Global Trading Limited — reside. BitMex also claims that this is a proactive measure and noted, “This change will have no financial impact on the business and will affect very few people.”Part of a broader initiativeBitMEX noted that closing trading in the aforementioned jurisdictions as part of a wider effort to bring transparency to the crypto space as it becomes more regulated. The exchange reportedly intends to improve the transparency of its systems and show third parties the reasoning behind features of the platform. BitMEX also claims to be working on independent audits of its insurance fund, market-making activities and tradeable contract structure. The exchange reportedly hopes to share the results of those audits in the near future.BitMEX is the second-largest cryptocurrency exchange with a reported 24-hour trade volume of over $2.5 billion, according to CoinMarketCap. As Cointelegraph reported in June, BitMEX’s competitor Binance DEX, the decentralized exchange developed by major cryptocurrency exchange Binance, blocked web interface access to users based in 29 countries.Read More

  • News - 19 August 2019, 4:55 pm

    Blockchain-powered prediction markets attempt to change the world, from politics to science, by creating digital democracies with a new age of financial tools. Recently, there have been an increasing number of blockchain-based prediction markets (PMs) such as Augur, Bitcoin Hivemind, Amoveo, Gnosis, Cindicator, etc. PMs use the technology of smart contracts for bets on various issues. For example, one user could place $100 on President Donald Trump getting reelected for a second presidential term while another person is convinced that a Democratic candidate will win the Oval office in 2020. Once the election is over, the pot is automatically transferred to the winner of the bet. At first sight, betting may not be the most obvious or efficient way to use blockchain to its full potential. Despite this, several experimental and theoretical studies show that PMs are not just about gambling. These markets are capable of producing revolutionary changes in many industries, including politics and science. In particular, PMs are capable of making society more farsighted, even in terms of civil development. Related: Blockchain-Powered Prediction Platforms: Governance and Uses Beyond Gimmick Markets & Death Pools “Money bets” as a financial truth serum. Bets have unique features that can benefit communities. Since bets can be made on any event or issue, winning them depends not only on chance or knowing the rules of gambling (like in poker), but also on the player’s knowledge and intelligence in matters of real life — in psychology, economics, sports, politics, natural sciences, etc. Betting is some sort of a “truth serum” that requires the most honest and competent answer from the bettor. The one placing a bet isn’t only willing to sacrifice sharing some private information, but also to study the question further. Back in 2005, the founder of Palm Computing and Handspring, Jeff Hawkings,…Read More

  • News - 19 August 2019, 4:46 pm

    Independent public charity Fidelity Charitable has received $100 million in cryptocurrency donations since 2015. Independent public charity Fidelity Charitable has received $100 million in cryptocurrency donations, according to its recently published report.In its “2019 Giving Report,” Fidelity Charitable illustrated account development throughout 2018, and provided insights into its growth since its establishment. Generally, the number of donors reached 204,292 in 2018, while back in 2009 the company had 51,918 accounts.Eliminating capital gains taxesWhen it comes to digital currency contributions, Fidelity received $106 million worth of cryptocurrency donations since it began accepting cryptocurrency in 2015, which includes $30 million in 2018. The report further notes:“Though cryptocurrency values cooled off considerably by the end of 2018, they began the year at a peak. Fidelity Charitable’s ability to accept cryptocurrency donations, including bitcoin, allowed these donors to eliminate any capital gains taxes and give the full fair market value to charity.”In 2017, Fidelity reportedly received $69 million — which made it a record year for cryptocurrency donations — while in 2016, the value of crypto donations amounted to only $7 million.Some other philanthropic organizations around the world have also embraced cryptocurrency donations. Earlier in August, South Korean holding company SK C&C unveiled plans for a donation platform that is based on a Ripple blockchain fork. Moreover, the platform will support a stablecoin linked at a 1:1 ratio to the won, as well as a utility token.A charitable crypto campaign dubbed “Airdrop Venezuela” registered around 60,000 verified beneficiaries and raised $272,000 since its launch in fall 2018.Read More

  • News - 19 August 2019, 4:00 pm

    Three crypto ETF proposals are in limbo as the SEC delays again. Let’s take a look at the history of the SEC’s dealings with the applications… The long and uncertain road toward crypto exchange-traded funds (ETFs) being approved by the United States Securities and Exchange Commission (SEC) took its latest turn on Aug. 12, when the regulatory body once again delayed its decision on three ETF proposals.Below is a timeline of all the past and ongoing Bitcoin ETF proposals:What are ETFs? Similar to stocks in that they are traded on exchanges, ETFs are baskets of securities. ETFs track an index or basket that are proportionately represented in the fund’s share. The development and regulation of crypto ETFs are closely followed by a range of investors for two reasons. The first is that ETFs are tools for passive investment, which many believe will benefit the unregulated world of crypto exchanges. A Bitcoin (BTC) ETF would be traded during the working hours of the stock exchange that it is listed on, a development that could make investing in crypto both easier and less risky. The second reason is that the introduction of ETFs will be a significant stepping stone toward mainstream adoption, with SEC approval theoretically broadening the range of investors investing in cryptocurrencies. Further delaysAs per the release published by the commission on Aug. 12, the SEC announced that it will delay its decision on three proposed rules changes by the Chicago Board Options Exchange’s (CBOE) BZX Exchange and New York Stock Exchange (NYSE) Arca for three Bitcoin ETFs. The crypto ETFs hail from asset managers VanEck SolidX, Wilshire Phoenix and Bitwise Asset Management. According to the documents, the commission will delay Wilshire Phoenix’s United States Bitcoin and Treasury Investment Trust to Sept. 20. Bitwise’s listing on NYSE Arca and VanEck’s listing will have to…Read More

  • News - 19 August 2019, 2:04 pm

    Cere Network, San Francisco-based blockchain CRM startup raised $3.5 million in a seed round participated by Binance Labs. Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding round.The seed round involved major global blockchain investors, including Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Other investors included Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic Capital, Alphabit Fund, Block VC, Kosmos Capital, LD Capital, Monday Capital, Pre Angel Fund and Republic Labs.Alongside with the investment, Cere Network announced the launch of a new office in New York, as well as plans to set up the Cere Network Innovation Factory in Berlin during Berlin Blockchain Week, which will be held between Aug. 18 and Aug. 29.One of the most rapidly evolving industriesFounded by Silicon Valley veterans with tech expertise from Amazon, Twitch and Bebo, Cere Network plans to disrupt the rapidly developing CRM industry. According to the press release, global spending on CRM solutions surged by almost 16% in 2018 and reached $48 million.By applying blockchain technology to CRM, Cere Network intends to expand the limited pool of data shared in CRM, also ensuring privacy and security of data, the press release notes.Feng Xiao, general partner at China-based $50 million crypto fund Fenbushi Capital, stressed Cere Network’s potential to address interoperability issues across multiple industries.Earlier in July, Cointelegraph reported on Cere Network receiving a strategic funding from Binance Labs, Arrington XRP Capital and NEO Global Capital. A participant of Binance Labs’ incubation program, Cere is also the issuer of incentive token CERE, which is used to motivate people to run blockchain nodes.Last week, global CRM giant Salesforce certified first ever artwork-painted Lamborghini Aventador S through its blockchain platform.Read More

  • News - 19 August 2019, 1:07 pm

    German regulator BaFin greenlights Black Manta Capital Partners to use its STO platform in the country. Luxembourg-registered financial firm Black Manta Capital Partners has received a license from the German Federal Financial Supervisory Authority (BaFin) for its Security Token Offering (STO) platform.A regulated STO platform in GermanyBlack Manta Capital Partners announced on Aug. 19 that its Berlin-based entity received a MiFID II license by BaFin for its regulated STO platform on Aug. 1 nine months after filing. Now, the company will be able to offer regulated brokerage services using blockchain technology.On its platform, the firm represents rights to an asset as tokens managed by on-chain contracts. This system reportedly allows for new access to capital for small and medium-sized enterprises, real estate projects, startups, commodity markets or funds and new access to investments for new investors.A firm with global ambitionsThe issuance of such security tokens is regulated in Germany by the MiFID II Directive on Financial Instruments, and the first STOs are planned to be conducted in early Q4 2019. The company has also broader ambitions:“Apart from the licenced operating entity in Berlin, Black Manta Capital Partners drive the market launch of their investment platform also through BMCP Consulting in Vienna and BMCP Limited for international business development, based at the Malta Stock Exchange in Valletta.”The firm also plans to found Black Manta Asia, in Singapore, and apply for a similar license with the local monetary authority. Co-founder and managing partner of the company commented on the firm’s intentions:“While Black Manta Capital Partners want to be ‘boutique’ in its beginnings and run ‘handpicked’ STOs only, our strategy is global from day one: the first step is to link Europe and Asia on one blockchain-based investment platform. Therefore we look already today into Singapore.”As Cointelegraph reported in July, Latin America’s biggest…Read More

  • Oracle Times - 19 August 2019, 12:11 pm

    It’s been recently reported that Coinbase Custody bought Xapo’s institutional business and this move made the entity the largest custodian in the whole world. Now, Coinbase is in the news again and this time it’s far from being something positive. Coinbase exposed user data The crypto exchange revealed that it accidentally exposed the passwords of … Continue reading “Coinbase Security Breach: 3,420 Names, Passwords, And Email Addresses Exposed” The post Coinbase Security Breach: 3,420 Names, Passwords, And Email Addresses Exposed appeared first on Oracle Times.Read More

  • News - 19 August 2019, 11:51 am

    Santander to allow clients in Latin American countries to send money to the U.S. for free through tech developed by Ripple. Spanish banking giant Santander plans to expand Ripple-powered global payment solution to Latin America, a Santander spokesperson told Cointelegraph on Aug. 19.Citing rising transaction volume, Santander wants to expand Ripple’s xCurrent technology to a number of Latin American countries after first introducing the technology in Spain, Brazil, Poland and the United Kingdom in April 2018. U.S. payment corridor Specifically, the bank intends to enable zero-fee transactions from unspecified Latin American countries to the United States via mobile app called One Pay FX. To date, only customers in the U.K. and Spain can send money to the U.S. through One Pay FX. Based on Ripple’s xCurrent technology, One Pay FX is independent from XRP and does not need the digital currency to work, the Santander spokesperson explained to Cointelegraph. They added:“XCurrent does charge for the service. Santander is the one that does not charge fees with its solution. Santander has always used xCurrent for One Pay FX, which does not need XRP to work.”Future plansSantander’s One Pay FX transaction volumes have tripled from January 2019 to June, while volumes for Spain surged 120% over a yearly period in April, according to a report by Coindesk. But while Santander has not revealed when it expects to start rolling out the technology to Latin America, the bank reportedly plans to bring One Pay FX solution to the U.S. to enable American customers to send money abroad.Apart from One Pay FX, Santander is also developing another international payment service dubbed Pago FX, which will be available for global non-Santander clients.Recently, an executive at the U.K. pension and welfare agency cited Santander’s One Pay FX solution as one of the examples of successful blockchain applications that can potentially disrupt…Read More

  • News - 19 August 2019, 11:39 am

    The World Bank used a blockchain to raise over $33 million for its Kangaroo bond. The World Bank announced on Aug. 16 that it raised an additional A$50 million (over $33 million) for its Kangaroo bond due August 2020, using a blockchain. The bank claims that this is the first bond which has been created, allocated, transferred and managed through its life cycle using distributed ledger technology (DLT).Major banks join World Bank’s Bond-i blockchain platformPer the report, the initiative expands the World Bank’s Bond-i blockchain platform combining three joint lead managers, Commonwealth Bank of Australia (CBA), RBC Capital Markets and TD Securities (TD). The initiative has seen the participation of new market participants, including an offshore investor and the existing investor community including ongoing support and input from TCorp.CBA was mandated by the World Bank as an arranger for the bond in August last year, which resulted in the raising of AUD$110 million (over $74 million). In May, CBA and the World Bank enabled on-chain secondary bond trading with TD acting as a market maker. The latter development reportedly made this the first bond whose issuance and trading are recorded using DLT. James Wall, Executive General Manager International at CBA commented on the development:“The tap is an important milestone in demonstrating the full lifecycle management of an issuer’s capital markets needs. It is also a significant step for the platform bringing on additional participants and demonstrating the broader potential of Bond-i as a capital markets platform.”The bond platform employed reportedly allows for faster, more efficient and more secure transactions. It is part of a broader initiative aiming for applying DLT by the World Bank.As Cointelegraph reported in April, at the time the International Monetary Fund and the World Bank jointly launched a private blockchain and a so-dubbed quasi-cryptocurrency.Read More

  • Oracle Times - 19 August 2019, 10:45 am

    At the moment of writing this article, Monero (XMR) is trading in the green on CMC and the privacy-oriented coin is priced above $86. Optimistic XMR price predictions ahead The coin has shown more stable trends during the past few months, but the coin is seen to head towards an upward surge, and it may … Continue reading “Monero Optimistic Prediction: XMR Is Expected To Cross $100 In The Next Two Weeks” The post Monero Optimistic Prediction: XMR Is Expected To Cross $100 In The Next Two Weeks appeared first on Oracle Times.Read More

  • News - 19 August 2019, 10:40 am

    Ethereum co-founder Vitalik Buterin says the Ethereum blockchain is almost full and this pressure is keeping organizations from joining. Ethereum co-founder Vitalik Buterin says the Ethereum blockchain is almost full. In an interview with The Star published Aug. 19, he said the hurdle that faces big organizations interested in the Ethereum ecosystem is the still-thorny matter of the blockchain’s scalability.“Scalability is a big bottleneck”Buterin’s stark comments were made as part of a discussion of what he perceives to be the biggest roadblocks to the widespread adoption of cryptocurrencies. He conceded that:“Scalability is a big bottleneck because the Ethereum blockchain is almost full. If you’re a bigger organization, the calculus is that if we join, it will not only be more full but we will be competing with everyone for transaction space. It’s already expensive and it will be even five times more expensive because of us. There is pressure keeping people from joining.”As for how to improve the situation, Buterin said that networks need to evolve away from the idea that every computer is required to verify each and every transaction to a model whereby a computer on average verifies only a small portion of the transactions on the blockchain.The improved scalability this would provide would bring costs down by a factor of over 100, he claimed. And while security is to some extent sacrificed by such a move, the compromise would be fairly modest, in his words.Beyond scalability improvements and other technical advances, Buterin noted that the challenge remains in terms of transforming blockchain technology into something people will actually use.Bitcoin’s rival or…?In recent comments, Buterin has argued that the future of crypto is pluralist and revealed his openness to hybrid solutions that involve both Ether (ETH) and Bitcoin (BTC).The co-founder clarified his stance in response to a proposal…Read More

  • News - 19 August 2019, 9:58 am

    The Association of Cryptocurrency Enterprises and Startups, Singapore, has developed a Code of Practice in partnership with multinational law firm Linklaters. The Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), has developed a Code of Practice in partnership with multinational law firm Linklaters.A Global Legal Post report published Aug. 19 revealed that ACCESS had the support of the Monetary Authority of Singapore (MAS) — the country’s central bank and regulatory authority — and also consulted the Association of Banks in Singapore to launch the new initiative.Tackling AML/CFT RisksThe new Code of Practice falls within the scope of ACCESS’ “Standardization of Practice in Crypto Entities,” which provides detailed Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) guidelines (including Know Your Customer (KYC) best practices) for entities in the digital asset industry.The new Code is intended to further promote regulatory compliance and tackle concerns connected with AML/CFT risks. In a statement, Peiying Chua — head of Linklaters’ financial regulation practice in Singapore — characterized the initiative as industry-changing and said it would “enhance the conduct of crypto-asset and blockchain companies in Singapore and further cement Singapore’s reputation as a leading jurisdiction in the blockchain and fintech space.” A bid for global fintech competitivenessACCESS chairman Anson Zeall has pointed to recent developments in Singapore’s crypto regulatory regime, noting that it is becoming more competitive at the international level. He noted that newly-proposed changes to the country’s goods and services tax (GST) in relation to digital payment tokens will help to diminish expenses and costs for businesses in the emerging sector.Zeall’s perspective was recently echoed by a partner at PwC Hong Kong’s corporate tax practice, who has argued that the government’s bid to drop the 7% GST for the use of cryptocurrencies to pay for goods and services will have a positive impact on crypto exchanges,…Read More

  • News - 19 August 2019, 9:20 am

    The existence of private decentralized cryptocurrencies like Bitcoin has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends. The existence of private decentralized cryptocurrencies like Bitcoin (BTC) has a healthy impact on governments’ fiscal and regulatory policy, a new analysis contends.The argument was put forth in a paper published on Aug. 16 by Max Raskin (NYU School of Law), Fahad Saleh (McGill University) and David Yermack (NYU Stern), entitled “How Do Private Digital Currencies Affect Government Policy?3 positive impacts of cryptos simply existingThe analysis notes that as regards the global financial system, the question of cryptocurrencies’ influence is not confined to whether or not the majority of the population opts to use them. Rather, the authors argue that cryptocurrencies’ very existence has a counterfactual impact in that they function as a check on both fiscal and regulatory policy. While cryptocurrencies may not have replaced the dollar, they have three important positive areas of impact on the existing monetary system, the authors note.First, citizens secure welfare gains from the existence of cryptocurrencies because they offer diversification; moreover, private digital currencies serve as competition for local investment and thus restrain monetary policy, thereby generating lower inflation.Second, the authors argue that cryptocurrencies encourage local investment and serve as a complement — not as a substitute — for that investment. In offering an alternative to local fiat, they discipline monetary policy — again reducing inflation — leading to higher returns from investment and thus more investment overall.Third, the government itself gains from permitting the use of cryptocurrencies within the local economy, given that it extracts revenue through taxation and thus benefits from the higher levels of local investment.Currency crisesExamining two major national fiat currency crises that have erupted since the financial crisis — the Turkish lira and the Argentine peso — the…Read More

  • News - 19 August 2019, 9:01 am

    Binance’s intended launch of a Libra-like stablecoin appeared to buoy markets as Bitcoin reversed previous losses. Bitcoin (BTC) price was returning to bullish form on Aug. 19 as markets look to break out from last week’s sideways trading. Market visualization. Source: Coin360Bitcoin price builds on $10K supportData from Coin360 revealed Bitcoin challenging $11,000 in morning trading as Monday delivered almost 5% gains.Markets appeared to be reacting to news cryptocurrency exchange Binance was planning to release its own version of Facebook’s Libra digital currency, in what is also a direct response to China’s central bank.At press time, BTC/USD was circling $10,650, capping daily gains of 4.9%, while weekly progress still totalled 5.5% losses.Bitcoin 7-day price chart. Source: Coin360While there was no great cause for celebration, analysts were eyeing potential further progress towards $11,000, within a greater context of upper resistance circling $12,000.Mati Greenspan, a senior market analyst at United Kingdom-based trading platform eToro, identified a bullish wedge for the pair, while noting further upward progress was not guaranteed.Regular analyst Josh Rager meanwhile delivered an explanation of Bitcoin’s longer-term performance, arguing investors had finished buying up cheaper coins after cashing out profits at BTC/USD’s 2019 highs around $13,800. “In my opinion, this seems just like one large re-accumulation happening after large players took profits near $14k,” he summarized on Saturday. “This seems just like one large re-accumulation happening after large players took profits near $14k.”He added he considered it unlikely the Bitcoin price would drop below the high $8000 range. Altcoins rise from the dead (at last)Altcoin investors also had something to talk about this week as Bitcoin’s gains contributed to a recovery from previous lows. As Cointelegraph reported, markets saw a considerable decline last week, with some altcoins dropping to lows against Bitcoin not seen for years.Ether (ETH), the largest altcoin asset by market cap,…Read More

  • Oracle Times - 19 August 2019, 8:59 am

    The crypto market has been fluctuating a lot lately and crypto enthusiasts freaked out when BTC dropped below $10k in a moment when everyone was hoping for the most important crypto in the market to go straight to the moon. At the moment, BTC is trading in the green, and the coin is priced at … Continue reading “25 Million Americans Consider Investing In Crypto” The post 25 Million Americans Consider Investing In Crypto appeared first on Oracle Times.Read More

  • News - 19 August 2019, 8:25 am

    Beijing’s state-issued offering might also help keep funds flowing into bank deposits, mainstream media reports. China’s answer to Facebook’s Libra digital currency could help the central bank attract business away from Alipay and WeChat Pay.Speaking to mainstream media outlet the South China Morning Post (SCMP) on Aug. 19, Cindy Wang, an analyst at DBS Group Research, said Beijing could profit from the appeal of its state-issued digital currency to merchants.Bringing back bank depositsAccording to Wang, the two payment giants Alipay and WeChat Pay account for nine out of every ten transactions in China. In addition, the digital currency could help limit capital outflows.“Currently, banks are under pressure to retain their deposit base because, with the money market funds distributed by third-party payment providers like Alipay or Tencent, some of the idle money held in mobile payment accounts are leaked out of the banking system into the hands of fund managers,” she told the SCMP.China’s central bank digital currency won’t compete with yuanAs Cointelegraph reported, China’s hurried digital token is reportedly ready for issuance, though it can’t be called a bonafide cryptocurrency. Under the auspices of its central bank, the People’s Bank of China (PBoC), preparations accelerated in the wake of Libra, which authorities identified as potential threat.Revealing further details last week, Mu Changchun, PBoC deputy director, underscored the payment method would not seek to compete with the yuan, nor take over any of its existing functions.“It can use existing resources to support and develop commercial banks and smoothly promote digital currency,” he said regarding its emission.Read More

  • News - 19 August 2019, 8:02 am

    Three cryptocurrencies are now available for spot trading, with a smartphone app set to follow. Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin.Three trading pairs go liveConfirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ether (ETH) and Bitcoin Cash (BCH) — was now live. In future, developers plan to release an app for iOS and Android, use of which will be mandatory for deposits and withdrawals. “Customers who already have a bank account with Rakuten Bank will be able to easily open a Rakuten Wallet account simply by entering the required information on the online application form,” the press release added.Rakuten acquired Everybody’s Bitcoin in August 2018 for a sum of $2.4 million. Executives had originally announced the impending launch in April this year, but progress appeared to stall. Japan’s cryptocurrency ecosystem growing rapidlyThe exchange joins a rapidly expanding ecosystem on the Japanese market, with multiple competitors vying for a slice of the domestic cryptocurrency trade.Last month, Tokyo announced it wished to create a cryptocurrency-based analog to SWIFT, the global payment settlement network, in a move subsequently approved by the G7. Monex Group, the online broker which bought out another Japanese exchange, the embattled Coincheck, last year, also recently signalled its desire to join Facebook’s Libra digital currency network.Read More

  • Oracle Times - 19 August 2019, 7:31 am

    The crypto space is about to suffer a major change, according to most experts. All of this will be thanks to Bakkt. Bakkt has been said to be the crypto game-changer that the world is expecting. Bakkt is expected to launch with tons of institutional investors on board. Just a few days ago, Bakkt made the huge … Continue reading “Bakkt Reportedly Considers More Crypto Futures Contracts Besides Bitcoin (BTC)” The post Bakkt Reportedly Considers More Crypto Futures Contracts Besides Bitcoin (BTC) appeared first on Oracle Times.Read More

  • News - 19 August 2019, 7:16 am

    Binance says it is launching its own “independent regional version of Libra” calling for governments and businesses with strong influence and interest to join the initiative. Top cryptocurrency exchange Binance is launching an open blockchain project “Venus” focused on developing localized stablecoins worldwide.In an announcement published today, Aug. 19, the exchange argues it is well-positioned to launch such a currency ecosystem in light of its existing public chain technology, Binance Chain, wide user base and already established global compliance measures.Leveraging existing know-howThe exchange says it is seeking partnerships with governments, corporations, technology firms, and other cryptocurrency and blockchain projects in order to develop a new currency ecosystem that will empower both developed and developing countriesThe exchange’s vision for the project, per the announcement, is to “build a new open alliance and sustainable community” that enlists partners who wield influence on a global scale.Binance Chain, as the announcement notes, has already been running several native asset-pegged stablecoins, including a Bitcoin (BTC)-pegged stablecoin (BTCB) and the Binance BGBP Stable Coin (BGBP) pegged to the British Pound.Binance says it will leverage its existing infrastructure and experience with various regulatory regimes to consolidate a compliance risk control system and build a multi-dimensional cooperation network for the Venus project.Vying with LibraBinance’s ambitious new venture appears to compete directly with plans from social media titan Facebook to launch a fiat-pegged stablecoin, Libra, that would power a global crypto payments network embedded into the company’s three wholly-owned apps: WhatsApp, Messenger and Instagram.With its choice of name, “Venus,” Binance is also stepping into the astrological waters of both Facebook’s Libra project and the Winklevoss Twins’ Gemini exchange and Gemini dollar.Read More

  • Oracle Times - 19 August 2019, 6:29 am

    Coinbase was recently in the spotlight after the exchange was able to prevent a really dangerous malware attack. In a new blog post, Coinbase said that the hacker began sending emails to more than 12 of its employees back in May. The Daily Hodl reported that the emails seemed to be from Gregory Harris – a research … Continue reading “Coinbase Became The Largest Crypto Custodian In The World Following The Latest Acquisition” The post Coinbase Became The Largest Crypto Custodian In The World Following The Latest Acquisition appeared first on Oracle Times.Read More

  • News - 19 August 2019, 6:14 am

    Non-custodial keyless digital wallet ZenGo now supports Libra’s testnet and allows its users to experiment with sending and receiving Facebook’s new cryptocurrency. On Aug. 18, the developers of ZenGo, a non-custodial keyless cryptocurrency wallet solution, announced that their app now supports Facebook’s Libra testnet.Experimenting with LibraAccording to the announcement, now users “can send and receive Facebook’s new cryptocurrency, Libra, just like any other cryptocurrency in ZenGo.” The developers also noted that the “testnet funds don’t hold any real value and are only for testing purposes.” The post explains:“If you would like to experiment with Libra, you can turn on Libra testnet from the Account tab in the wallet. Once you turn on the feature, make sure your wallet is backed up, and we’ll send you your first Libra. Facebook is developing its own wallet Calibra, but it’s not publicly available yet. When it does become available it will be a custodial wallet, meaning that Facebook will have full control over the funds stored in it. But that will not be the only option. That’s why we’re offering Libra in ZenGo a non-custodial that people will have the option to choose.”Still in the testing phaseThe team at ZenGo also warned that Libra’s testnet is still in the experimental phase. Therefore, it could be periodically reset for maintenance and upgrades, at which point “all the data on the network gets reset along with all transaction history and balances.”Currently, ZenGo app is only available on the iOS platform. The wallet also allows users to buy Bitcoin, Ethereum and Binance Coin with their credit cards or Apple Pay. As Cointelegraph previously reported, ZenGo wallet aims to eliminate the need for storing private keys by using a key-like solution that is distributed among multiple parties, rather than existing as one string of characters.At the same time,…Read More

  • News - 19 August 2019, 1:48 am

    The second-largest state in India, Maharashtra, is ramping up its plans to apply blockchain tech across various spheres of administration. The government of the Indian state of Maharashtra is preparing a regulatory sandbox for testing blockchain solutions across various applications. According to a report by Indian English-language news daily DNA India on Aug. 19, the government aims to apply blockchain technology in supply chains, agricultural marketing, vehicle registration and document management. The Maharashtra Information Technology Directorate will lead the development and the government has already earmarked 100 million rupees (~$1.4 million) for blockchain adoption from 2019–2020. 40 million ($560,000) has been approved outright by the implementation committee. State IT department principal secretary S.V.R. Srinivas told DNA India:”The state government is adopting a cutting edge technology to help enhance efficiency in the governance. Already the government has completed its first blockchain pilot in the fields of health, supply chain, documents and SSC certificates. A detailed report has been prepared to go in for extensive use of blockchain technology in various government departments. A regulatory sandbox, which will be a common framework for adopting blockchain technology, will be prepared in next five to six months.”Containing the capital of Mumbai, the state of Maharashtra is the second-largest state in India and is home to over 114 million people. The state’s government previously signed a memorandum of understanding with the Bahrain Economic Development Board to develop a framework for the joint promotion of fintech. Various Indian companies and government institutions have been applying blockchain technology to their businesses and administrative models. In June, news broke that the Reserve Bank of India is developing a blockchain platform for banking in its R&D branch.Last week, Indian telecoms provider Reliance Jio Infocomm Limited announced that it was developing one of the world’s largest blockchain networks. The firm’s chairman and managing…Read More

  • News - 18 August 2019, 7:55 pm

    Experts in the cryptocurrency and blockchain industries take on concerns about users’ privacy violations connected with the popular FaceApp mobile application. FaceApp — the mobile application that has blown up your Instagram feed with pictures of your followers as old people, the opposite gender or babies — has raised a lot of concerns about potential privacy violations for users that upload their photos to be edited. Rumors have circulated that the application might even be taking users’ photos from their phones and uploading them to the FaceApp cloud server without explicit permission. We reached out to experts in security and data privacy from academia, government agencies, startups and more to comment on the issues surrounding users’ privacy, asking them their opinions about the concerns associated with traditional applications as opposed to blockchain-based decentralized applications (DApps).FaceApp uses artificial intelligence as well as a neural network to edit users’ images. The one function that made the mobile app suddenly popular last month after its 2017 release was the function that allows you to predict how you would look in the future. Along with a wave of popularity among users, more and more questions have arisen about the application’s security, the fact that it’s based in Russia (which apparently briefly spooked a New York Times reporter) and company’s unclear terms of use. Karissa Bell, Mashable’s senior tech reporter, wrote that the app allows you to select photos from your photo gallery, even if you have a general ban set on access to it. Allegations that the app was able to “hoover” up all of the photos in your gallery were later denied by FaceApp. United States Senate Minority Leader Chuck Schumer asked the Federal Trade Commission and the FBI to conduct a privacy investigation into FaceApp, underlining that “it is not clear how the artificial intelligence…Read More

  • News - 18 August 2019, 7:55 pm

    Barclays halts business with Coinbase as exchange needs an innovative bank to tailor to its AML and KYC needs, but will U.K. customers be better off now? It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank. While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British pounds at the exchange, ClearBank won’t offer the exchange the same service until at least the end of Q3 2019. Deposits and withdrawals in pounds for Coinbase’s U.K. customers, which once took seconds, will for now take days to process. In the wake of Barclay’s decision regarding Coinbase, reports contended that major Spanish bank Santander had blocked U.K. customers from depositing fiat funds to the exchange. Santander spokesperson told Cointelegraph that the reports are untrue:“We do not block payments to any legitimate company, however, in certain circumstances we will refer payments for additional security checks, where we believe there may be a higher risk of fraud.”Business as usual? Not quite…Before it had access to FPS, the exchange, which has offices in Dublin and London, transferred pounds into euros through the Estonia-based LHV Pank, which still banks Coinbase. Having experimented with colored coins for Bitcoin-based certificates of deposit, LHV — the largest locally owned bank and asset management in Estonia — seems to take a more open approach toward blockchain than Barclays.“The Bitcoin blockchain is the oldest, most tested and secure [public-key cryptography], and hence suitable for our current applications,” Rain Lõhmus, chairman of the supervisory board of LHV, told Cointelegraph in 2015. But LHV couldn’t offer Coinbase the same luxuries as Barclays.“Having domestic GBP payments with Barclays reduces the cost,…Read More

  • News - 18 August 2019, 7:49 pm

    Silvergate Bank’s Silvergate Capital Corporation is examining the possibility of offering cryptocurrency loans. The holding company of cryptocurrency-friendly Silvergate Bank, Silvergate Capital Corporation, announced that the firm plans to offer cryptocurrency-collateralized loans. In an S1/A form filed with the United States Securities and Exchange Commission on Aug. 15 the bank notes: “We believe there may be attractive opportunities to provide digital currency borrowing facilities to deepen our high quality customer relationships and further enhance our interest income.” In the document, the firm states that it found significant demand for cryptocurrency-related borrowing. The service would consist of the client providing crypto assets or U.S. dollars as collateral in exchange for significantly greater credit. The bank would then “set a conservative aggregate lending amount to refine the product, and will develop a risk framework to minimize risk and further develop lending models over time.” The company stated that it anticipates to offer the crypto-related credit product to institutional clients later this year. Silvergate also notes that it found significant desire from its clients for the bank “to be involved in the custody and transfer of digital assets between customers.” Owler estimates Silvergate Bank’s annual revenue to be $30 million. As Cointelegraph reported in March, Silvergate Bank signed on a slew of new cryptocurrency customers including cryptocurrency exchanges and miners, custodians and global investors, among others in the fourth quarter of 2018. In 2018, Silvergate’s deposits derived from cryptocurrency customers reportedly increased by $150.4 million, or around 11.4%.Read More

  • News - 18 August 2019, 6:34 pm

    The crypto markets are seeing a wave of green, with altcoins posting the strongest gains and Bitcoin close to $10,400. Sunday, Aug. 18 — Crypto markets are seeing a strong surge of green, with altcoins posting the strongest gains and Bitcoin (BTC) circling the $10,400 mark.Market visualization. Source: Coin360After yesterday’s correction, BTC is today up nearly 2%, bringing it to $10,393 by press time. While still roughly $1,000 short of its price point at the start of its 7-day chart,  (Aug. 11), today’s recovery has kept the top coin comfortably above the $10,000 psychological price point. During a brief downturn mid-week on Aug. 15, Bitcoin had dropped as low as $9,700. On the week, Bitcoin remains 9% in the red.Bitcoin 7-day price chart. Source: Coin360Top altcoin Ether (ETH) has posted a strong gain of over 7% and is trading around $197 by press time. Having dropped below the $200 mark on Aug. 14, Ether’s fresh gains are now edging it back above this threshold. Losses on the week remain at a stark 7.86%.Ether 7-day price chart. Source: Coin360XRP is seeing an even more bullish 10% gain on the day, and is posting a milder 5% loss on its seven-day chart.Among the remaining top ten coins several alts are seeing solid upward momentum: Litecoin (LTC) is up 6.5% on the day, EOS (EOS) is up 6% and Bitcoin Cash (BCH) is up 5.7%. Widening out to the top twenty, alts are performing strongly across the board. Cardano (ADA), Unus Sed Leo (LEO) and Tron (TRX) are all up between 7-9% over the past 24 hours. Chainlink (LINK) is seeing a close to 7% gain on the day, with Stellar (XLM) up close to 5.6%. Dash (DASH), Tezos (XTZ), NEO (NEO) and IOTA (MIOTA) are all posting gains of 3.5-5%. Total market capitalization for all cryptocurrencies is…Read More

  • News - 18 August 2019, 6:20 pm

    Most top performers of the past seven days are consolidating in a range. At what levels do they become an attractive buy? Let’s look at the charts. 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.The market data is provided by the HitBTC exchange.Only a handful of hedge funds have invested large sums of money in the crypto universe. Digital Currency Group, likely the largest, has invested in over 130 crypto-related projects with an average seed round size of $3.24 million. Its subsidiary, Grayscale Investments, which invests directly in cryptocurrencies and digital assets, had $2.7 billion in assets under management according to its Q2 2019 financial report. According to the 2018 Preqin Global Hedge Fund Report, the size of the hedge fund industry was more than $3.2 trillion. This shows that hedge fund interest in cryptocurrencies is very low compared to other asset classes. Even if a fraction of this money starts to flow into cryptocurrencies, prices can surge.The physically delivered futures platform Bakkt is scheduled to launch on Sept. 23. Its arrival is expected to increase institutional flow into the asset class. It will be interesting to see whether the launch improves sentiment and provides a much-needed boost to start the next leg of the up-move.  LINK/USDThough Chain Link (Link) only closed marginally in the green, it turned out to be the best performer among major cryptocurrencies in the past seven days. Can it build on its gains if the market recovers or will it also succumb to selling pressure? Let’s analyze the chart.The LINK/USD pair has been consolidating between $2.0531 and $2.8498 for the past four weeks. This shows that buyers step…Read More

  • Oracle Times - 18 August 2019, 12:29 pm

    Monero has been in the spotlight a lot lately, and the privacy-oriented coin is currently trying to recover following the market’s crash. At the moment of writing this article, XMR is sitting on the tenth position on CMC. XMR is currently priced at $82.25 and the privacy-oriented coin is trading in the red, just like … Continue reading “MoneroMixer Program Is Revealed – It Allows Privacy To Remain Intact” The post MoneroMixer Program Is Revealed – It Allows Privacy To Remain Intact appeared first on Oracle Times.Read More

  • Oracle Times - 18 August 2019, 11:49 am

    The crypto market fell these days just when experts were expecting Bitcoin to boost its price again. Now, the most important digital assets are trading in the red. At the moment of writing this article, BTC is trading in the red as well, and the coin is priced at $10,161.01. Despite the fact that BTC’s … Continue reading “Parabolic Bitcoin Bull Run Is Not Over Yet, According To Wall Street Strategist” The post Parabolic Bitcoin Bull Run Is Not Over Yet, According To Wall Street Strategist appeared first on Oracle Times.Read More

  • Oracle Times - 18 August 2019, 11:07 am

    There have been more self-proclaimed Satoshi Nakamoto over time, and probably the most famous one so far was Craig Wright. A new Satoshi appears Now, there’s a new self-proclaimed Satoshi who has just emerged according to the latest reports. This person declares that he’s the anonymous creator of Bitcoin. The company called Satoshi Nakamoto Renaissance … Continue reading “A New Self-Proclaimed Satoshi Nakamoto Emerges – Promises To Unveil His Identity And Confirm $10 Billion BTC Fortune” The post A New Self-Proclaimed Satoshi Nakamoto Emerges – Promises To Unveil His Identity And Confirm $10 Billion BTC Fortune appeared first on Oracle Times.Read More

  • Oracle Times - 18 August 2019, 10:21 am

    Coinbase was recently in the news when the exchange said that it was able to stop an attack from a highly skilled hacker. In a new blog post, Coinbase said that the hacker began sending emails to more than 12 of its employees back in May. The Daily Hodl noted not too long ago that the emails … Continue reading “Institutions Are Reportedly Moving Hundreds Of Millions Of Dollars In Crypto To Coinbase On A Weekly Basis” The post Institutions Are Reportedly Moving Hundreds Of Millions Of Dollars In Crypto To Coinbase On A Weekly Basis appeared first on Oracle Times.Read More

  • Oracle Times - 18 August 2019, 8:00 am

    Ripple has been in the spotlight a lot this year, and the San Francisco-based company has been intensively promoting its products. Ripple boosted the entire XRP ecosystem as well. XRP also marked a huge success during these past few days. Ripple’s global head of government relations said that final guidance that’s been issued by the … Continue reading “XRP Adoption Intensifies: Ripple Invests 1 Billion XRP Into Web Content Platform Coil” The post XRP Adoption Intensifies: Ripple Invests 1 Billion XRP Into Web Content Platform Coil appeared first on Oracle Times.Read More

Coin Telegraph aims to provide Bitcoin & Ethereum news, analysis and review about technology, finance, blockchain and markets – cryptocurrency news.

Oracle Times is an all round crypto news site aiming to provide the latest cryptocurrency news, including cryptocurrencies like XRP, Ethereum, Bitcoin etc as well as ICOs.

Update: Coin Telegraph were recently tested during an investigation into whether cryptocurrency news websites would accept payment to post and pass off adverts and paid articles as their own independent words without any disclaimers. Coin Telegraph refused to be bribed in this manner and as such have retained their place in our featured crypto news feeds. It is worth noting however that their journalistic integrity has still been called into question as they did offer the investigators a full price list for such disclaimer free paid articles on the other crypto news websites the company owns. We shall be watching the developments here closely.

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