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:

  • Oracletimes - 19 November 2019, 12:02 pm

    Ripple made sure to highly expand the use of its products throughout this year and the company continues to mark important achievements. BeeTech Global uses Ripple’s cross-border messaging system For instance, the Brazilian Payments startup BeeTech Global reveals how it’s using Ripple’s cross-border payment messaging system to pass the savings on to its customers. The … Continue reading “Ripple Use Is Expanding  In Brazil Via Payments Startup BeeTech Global”Read More

  • News - 19 November 2019, 11:49 am

    Ex-Wall Street trader Nik Bhatia says the Lightning Network has made Bitcoin an unprecedented asset by combining a store of value with medium-of-exchange scale and speed. Bond market veteran Nik Bhatia says that with Lightning, Bitcoin (BTC) has become an unprecedented asset by combining a store of value with medium-of-exchange scale and speed.This recognition prompted him to quit his former work for an institutional asset manager trading United States Treasuries on Wall Street, as he outlined in a blog post on Nov. 18.  “Unprecedented in human history”Bhatia is now an adjunct professor of finance and economics at the USC Marshall School of Business, whose involvement in Bitcoin has since evolved to include a research role at Bitcoin payments stack developer OpenNode.In his post, Bhatia several times underscores the almost ungraspable difference in the scale of the two financial worlds he has inhabited. Back when he first encountered the cryptocurrency in 2016, he writes:“Bitcoin had less than $20 billion in total value. I, a relatively small player in the bond market, was turning over $20 billion in Treasuries in just a few months.”Crucial to closing this gap — to bring Bitcoin’s adoption to a level that can rival the Federal Reserve’s processing of $767 trillion via its wire system in one year — Bhatia focuses on the functionality that Lightning Network brings to the cryptocurrency.As previously reported, the Lightning Network is a second-layer solution to Bitcoin’s scalability limitations, opening payment channels between users that keep the majority of transactions off-chain, turning to the underlying blockchain only to record the net results.Recognizing the potential of Bitcoin’s digital scarcity (and its resulting store-of-value properties) when combined with the functionality of Lightning-enabled fast transaction settlement prompted Bhatia to resolutely turn his back on his erstwhile Wall Street career. He writes:“Bitcoin’s supply schedule initially hooked me,…Read More

  • News - 19 November 2019, 10:52 am

    The developers of privacy-centric cryptocurrency Grin have hit back at the fundamental claims of an article purporting to have “broken” the coin’s privacy model. The developers of privacy-centric cryptocurrency Grin (GRIN) have hit back at the fundamental claims of an article purporting to have “broken” the coin’s privacy model.In a Medium blog post published on Nov. 19, Grin core dev Daniel Lehnberg argued that the so-called breakage did not go beyond the already-acknowledged privacy limitations of the coin’s protocol and relied on a passive attack vector that would be insufficient to glean actionable data.Some basics of Grin’s protocolLehnberg’s post does not consist of a point-by-point takedown of the original article, which was published yesterday by Ivan Bogatyy, a researcher at United States-based Dragonfly Capital Partners. Instead, it targets what it deems to be the purportedly unsubstantiated logical leaps and factual inaccuracies used by Bogatyy to corroborate his claim. As previously reported, Grin’s protocol “Mimblewimble” is a variant of the cryptographic protocol known as Confidential Transactions, which uses cryptographic primitives known as “Pedersen commitments.” These obfuscate sensitive transaction data rather than showing plaintext transaction values and can, therefore, prevent double-spending while improving privacy. They allow for the use of basic arithmetic using public parameters to validate transactions, while the correspondent transaction input and output values remain unknown variables.The protocol notably does not use wallet addresses or public keys, only inputs and outputs. Because of this, each sender must contact a receiver via a private channel in order to construct a transaction.Supplemental privacy featuresAs outlined in Cointelegraph’s coverage yesterday, Bogatyy had focused on the use of a default, supplemental feature to MimbleWimble called CoinJoin, which creates small “anonymity sets” by combining encrypted inputs into a single large transaction in such a way as to make it is difficult to distinguish which inputs are paying which…Read More

  • Oracletimes - 19 November 2019, 10:45 am

    Facebook was recently in the spotlight when Ripple’s CEO, Brad Garlinghouse, highlighted his concern about the project. He’s blaming the social media giant Facebook for all the backlash that this project is getting these days. He said that he is worried that regulators will hurt the crypto space due to their challenges and distrust of … Continue reading “Facebook Project Libra: Testnet Logs More Than 51,000 Transactions”Read More

  • News - 19 November 2019, 9:44 am

    The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors. The need for censorship-resistant currencies like Bitcoin (BTC) has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors. As the Hong Kong Economic Journal reported on Nov. 18, the British multinational bank recently closed a corporate account that was reportedly being used to transfer crowdsourced funds to support protestors’ activities.HSBC says closure a matter of “regular review”Five months into the Hong Kong protests — now reaching an increasingly violent fever pitch — the bank presented its decision as a formal procedure, stating that it found the account was purportedly being used inconsistently with the purpose originally stated in its paperwork. In accordance with a 30-day notice rule, the account — which remains unnamed — was informed last month that its functionality would cease this week.In correspondence with Bloomberg, Vinh Tran, a spokeswoman for the bank in Hong Kong, wrote that:“As part of our responsibility to know our customers and safeguard the financial industry, we regularly review our customers’ accounts. If we spot activity differing from the stated purpose of the account, or missing information, we will proactively review all activity, which can also result in account closure.”London-headquartered HSBC has upheld its strong presence in the city due to alleged pressure to “maintain its standing with residents there,” Bloomberg writes.The company derived over 35% of its adjusted revenue from Hong Kong in the first nine months of 2019 and reportedly stated this October that its business in the city remained robust, notwithstanding the political turbulence.The state’s emergency powersAs reported in October — days after redoubled protests by Hong Kong residents in the wake of the 70th…Read More

  • News - 19 November 2019, 9:30 am

    The run-up to the May 2020 block reward halving will look nothing like the last two, says Willy Woo, as bearish sentiment characterizes markets. Bitcoin (BTC) barely managed to maintain $8,000 support on Nov. 19 as analysts warn the outlook for markets is increasingly bearish. Cryptocurrency market daily overview. Source: Coin360Bitcoin sheds 3.7% overnightData from Coin360 showed BTC/USD bounce off lows of $8,077 on Tuesday, having spent the time since the weekend eroding previous gains. On Monday, a sudden dip took the pair below $8,100 for the first time since late October, with price action fluctuating around that level since. At press time, a slight reversal had taken Bitcoin back to $8,150, with daily losses still at 3.7% and weekly losses totaling almost 7%.Bitcoin daily price chart. Source: Coin360Woo: Bitcoin “won’t repeat past halvings”Perhaps unsurprisingly, analysts revealed they had cause for concern for Bitcoin price — not just in the short term — but even after the May 2020 block reward halving.“I expect way more volatility. Short term bearish is all I’m saying. And don’t expect price will repeat past halvenings,” statistician Willy Woo summarized in a Twitter update on Monday. Woo was referring to historical trends in Bitcoin, which saw its two previous halvings — in 2012 and 2016 — come after several months of bullish price action.Previously, sentiment likewise favored the 2020 event as a bullish turning point, with markets entering a highly bullish phase thereafter. This time, however, the bears are in control.“Well this time around, we have gone $14k->$7.5k and that’s killing off weak miners who are dumping and dying,” Woo explained. He added: “This adds to the already bearish action, so no happy front running 6-months out due to sell pressure. You can’t draw repeat fractals, the fundamentals are different.”As Cointelegraph reported, a traditionally accurate Bitcoin price model still calls…Read More

  • Oracletimes - 19 November 2019, 9:09 am

    The mainstream adoption of digital assets has been one of the main goals that the crypto industry had for this year. The truth is that there have been a lot of moves made towards the achievement of this goal, and they have been mostly successful. More than 6,000 Bitcoin and crypto ATMs in the world … Continue reading “Crypto Adoption Increases: Global Bitcoin And Crypto ATMs Hit 6,000”Read More

  • News - 19 November 2019, 8:54 am

    Another FAANG company has its sights on financial services — this time it’s Google, as Forbes has reported, polemically claiming this could “kill Bitcoin.” Another FAANG company has its sights on financial services — this time it’s Google, as Forbes reported on Nov. 16, polemically claiming this could “kill Bitcoin.”In an interview with the Wall Street Journal last week, Google had revealed plans — devised under a project code-named Cache — to launch consumer checking accounts in partnership with Citigroup. Lessons “learned”For cryptocurrency veterans, the inauspicious history of Google’s choice of banking partner will not go unremarked: on the eve of the 2008 global financial crisis, Citigroup CEO Chuck Prince was still telling journalists that “as long as the music is playing, you’ve got to get up and dance. We’re still dancing.”The ailing, sprawling titan Citigroup would be revealed as an institution with one of the most toxic balance sheets in the industry: “by the summer of 2007, Citigroup alone was guaranteed $92.7 billion in ABCP [asset-backed commercial paper], enough to wipe out its entire Tier 1 capital,” as the historian Adam Tooze has noted in his history of the crisis.Bailing out Citi — and salvaging the wider, ailing and systemically dangerous banking sector — would later force the Federal Reserve to undertake colossal liquidity actions as a “global lender of last resort” and to introduce regulation firmly entrenching the interdependence of the financial sector and government.At the time, as Tooze writes, Sheila Bair of the FDIC pointedly remarked that certain of the Fed’s subsequent, more intrusive actions seemed little more than “a smokescreen put up to hide a bailout of Citigroup” — whose collapse could not be countenanced in the aftermath of Lehman.FAANG snoopsAs the WSJ noted in its coverage, tech firms such as Google view financial services as a…Read More

  • News - 19 November 2019, 7:59 am

    Bitcoin is the second in a planned series of new coin rollouts, says P2P exchange, with plans to add support for ERC20 tokens. One of the main competitors of P2P Bitcoin (BTC) exchange LocalBitcoins has taken even more of its market share as the Finnish company seeks regulatory compliance.In a blog post on Nov. 19, LocalCryptos, formerly LocalEthereum, said it had completed the pivotal step of adding support for Bitcoin as well as Ether (ETH).LocalEthereum becomes LocalCryptos“The platform is a one-stop shop for fiat-to-crypto ramps worldwide, beginning with BTC and ETH,” the blog post reads, describing the move as a “large milestone.”In the future, more cryptocurrencies will join its offering: “LocalCryptos will list some of the most popular Ethereum-based tokens over time. We’ll develop a new smart contract to handle ERC20s, and, in the more distant future, ERC721s.”Finland: LocalBitcoins is “official virtual currency provider”The move comes roughly a week after LocalBitcoins announced its registration with regulators in its home country of Finland. Part of a multi-year scheme to formalize its compliance, LocalBitcoins is now an official virtual currency provider in the eyes of the Finnish Financial Supervisory Authority or FIN-FSA.As Cointelegraph reported, the platform’s metamorphosis has alienated many users, who found they were no longer able to transact anonymously. Executives had incrementally phased out ways of trading on LocalBitcoins without revealing one’s identity, with cash trades now banned and ID submission obligatory. By contrast, LocalCryptos stays away from such requirements, operating as a non-custodial resource under which no financial liability is taken on.The setup allows the platform to retain features that LocalBitcoins has shunned. When cash trades disappeared, LocalCryptos turned the decision into a PR opportunity on social media. Other operators in the space, such as Bisq, also saw a surge in popularity during the change, which occurred in June this year.Read More

  • Oracletimes - 19 November 2019, 7:47 am

    Ripple has been making efforts to expand the use of its products and also to boost the whole XRP ecosystem. A boost in the price of the digital asset XRP is expected as well, and more experts have said that a potential rally is around the corner for the altcoin. Santander to expand the use … Continue reading “Santander Launches More Ripple-Powered Payments – Is XRP Involved?”Read More

  • News - 19 November 2019, 2:54 am

    New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement product for spot Bitcoin (XBT/USD). New York-based fintech provider Tassat is partnering with digital asset market maker Blockfills to launch an institutional Trade at Settlement (TAS) product for spot Bitcoin (XBT/USD).According to a Nov. 18 report by Hedgeweek, Blockfills — which specializes in digital asset electronic market making, trading and prime brokerage — will join forces with Tassat, formerly known as trueDigital to launch the product by mid-December.New products for crypto traders to hedge riskTAS is a specific type of electronic order book that enables buyers and sellers to trade at — or close to — a settlement price established during a discrete fixing period. Widely used in derivatives markets for a range of underlying assets, the model is designed to reduce uncertainty and to eradicate slippage in execution by establishing a determined price for participants to trade around.TAS developers argue that by contrast, retail spot exchanges are beset with risks and uncertainty associated with price volatility, abrupt price movements and significantly wider spreads.For the Bitcoin (XBT/USD) TAS product, Tassat’s Bitcoin (BTC) reference rates — constructed from aggregated institutional-size quotes from over ten global over-the-counter digital asset market makers — will underpin the settlement price at each window.Blockfills’ trading platform infrastructure will be used to manage order flow, matching, execution and settlement of trades.Tassat’s director of sales Josh Gibson outlined that:“TAS provides a way to offset the risk of price movements on their futures positions and/or rebalance the gamma on option positions with no risk of excessive slippage. With the growth of digital asset derivatives, participants of all kinds will need new and efficient ways to hedge their positions.”Steps towards full CFTC oversightAs Cointelegraph has reported, Tassat recently succeeded in overcoming…Read More

  • News - 19 November 2019, 1:54 am

    Research from crypto analytics firm Longhash claims to have debunked the recent single-whale theory of the 2017 Bitcoin bull run. Blockchain education platform Longhash has released research that it claims debunks the recent single-whale theory of the 2017 Bitcoin (BTC) bull run.On Nov. 18, researchers at crypto analytics firm Longhash announced that they have calculated a metric called “Tether Purchasing Power,” which shows more insight into the question of whether Tether (USDT) was used to manipulate the cryptocurrency markets.Tether’s ability to manipulate the markets is when BTC’s price fallsAccording to Longhash, the metric measures how much BTC could be bought with the entire Tether supply at any given time, pointing out that the higher the ratio, the more likely it is for Tether to potentially manipulate the markets.The researchers show statistics that seem to indicate that during the 2017 bull run, Tether Purchasing Power increased until the summer, but then started to decline towards the end of the year. At that time Bitcoin was still moving towards an all-time-high. Longhash’s data seems to indicate that Tether has a chance to manipulate the markets when BTC is in a downward price trend, as it shot up significantly during the bear market, reaching its peak at the end of 2018. The researchers said:“This suggests that even if Tether were indeed manipulating the market, its ability to do so actually is strongest when the Bitcoin price falls. This contradicts the claim that Tether issuance drove the 2017 bull market. The supply of Tether actually failed to keep up during the height of the bull market.”Study claimed that major Bitcoin price manipulation occurred in winter 2017The recently updated academic paper titled “Is Bitcoin Really Un-Tethered?” suggested that one single player or entity was allegedly responsible for Bitcoin’s historic price surge at the end of 2017.…Read More

  • News - 19 November 2019, 1:30 am

    Brooklyn computer programmer Maksim Zaslavskiy, the first person in the U.S. to be convicted for a fraudulent ICO, has been sentenced to 18 months behind bars. Maksim Zaslavskiy, a computer programmer from Brooklyn and the first person in the United States to be convicted of running a fraudulent initial coin offering (ICO) has been sentenced to a year and a half behind bars.As Law360 reported on Nov. 18, the Brooklyn businessman received a prison sentence of 18 months for running two scam ICO’s, both of which were advertised as being backed by collateral — diamonds and real estate, respectively — that did not exist. Zaslavskiy pleaded guilty in November 2018 to conspiracy to commit securities fraud.More than 1,000 investors dupedZaslavskiy made it seem as if the ICO was led by experienced real estate professionals, backed by United States property investments, luring in more than 1,000 investors who invested at least $300,000 in the scam ICO during the summer of 2017. Richard P. Donoghue, U.S. attorney for the Eastern District of New York, said in a statement:”Zaslavskiy committed an old-fashioned fraud camouflaged as cutting-edge technology. […] This office will continue to investigate and prosecute those who defraud investors, whether involving traditional securities or virtual currency.”According to Crain’s New York Business, Zaslavskiy’s attorney, Mildred Whalen of the Federal Defenders of New York, had argued to federal Judge Raymond Dearie that Zaslavskiy attempt to refund the duped investors. However, PayPal reportedly froze his accounts over concerns that ICO payments were made with stolen or fraudulent credit cards.When Zaslavskiy told the federal Judge that “at no point I am a thief,” Dearie replied, “You are a thief. You took something that didn’t belong to you under false pretenses,” adding:“This is a very unusual case for a lot of reasons. It involves new technologies and…Read More

  • News - 19 November 2019, 12:01 am

    The United States Securities and Exchange Commission has announced that it is reviewing its decision to reject Bitwise’s Bitcoin ETF proposal. The United States Securities and Exchange Commission (SEC) is reviewing its decision to reject the Bitcoin (BTC) exchange-traded fund (ETF) filing from Bitwise Asset Management and NYSE Arca.Taking a second lookIn an announcement on Nov. 18, the commission said that the ETF filing from Bitwise Asset Management and NYSE Arca will return to review, following the earlier rejection for not meeting the necessary requirements.In October the U.S. regulators said that the applicants did not meet the necessary requirements regarding possible market manipulation and illicit activities. The SEC wrote at the time:”The Commission is disapproving this proposed rule change because, as discussed below, NYSE Arca has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section6(b)(5), and, in particular, the requirement that the rules of a national securities exchange be designed to prevent fraudulent and manipulative acts and practices.”Continued concerns about market manipulationOne of the regulator’s major concerns when evaluating new commodity-based ETFs is establishing whether the underlying market is resistant to manipulation. In the SEC order that rejected Bitwise’s application, the commissioners wrote that the evidence insufficiently supported the claim that the “real” spot market for Bitcoin, when “fake and/or non-economic data is removed,” is sufficiently resistant to manipulation.However, today the regulator announced that it is reviewing the proposal, so once again, any party or person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority, no later than Dec. 18, 2019.The SEC further points out that the order to disapprove the proposed listing of the ETF filing from Bitwise Asset Management and…Read More

  • News - 18 November 2019, 11:45 pm

    U.S. authorities extradite Swedish citizen from Thailand for multi-million dollar fraudulent security offering in the form of a gold investment scheme. The United States has extradited a Swedish national from Thailand for allegedly selling fraudulent securities to investors online, garnering over $11 million worth of Bitcoin (BTC).Per a press release from the U.S. Department of Justice (DoJ) published on Nov. 18, Roger Nils-Jonas Karlsson is on his way to the U.S. to stand trial on behalf of himself and his company, Eastern Metal Securities.The indictmentAccording to the DoJ, Karlsson was arrested on June 17. On July 25, a U.S. federal grand jury indicted Karlsson on charges of alleged securities fraud, wire fraud and money laundering.Karlsson allegedly used Eastern Metal Securities, as well as an array of false online identities, to funnel investors into paying $98 per share in the company on the promise of an eventual payout of 1.15 kilograms of gold per share — as of press time, worth nearly $60,000.Operating this business remotely, Karlsson took payment from investors using virtual currencies including Bitcoin, on the promise of returning 97% of the value of their initial investment in the event that the gold payout did not pan out. The DoJ says that 3,575 people invested a total of over $11 million in Karlsson’s scheme. Per the release, that money is now tied up in Thailand’s real estate market.Other recent prosecutions in cryptoLate last week, a founder of massive ponzi scheme OneCoin, which centered around a cryptocurrency that didn’t exist, pleaded guilty to charges including fraud and money laundering. The man, Konstantin Ignatov, faces up to 90 years behind bars.New York’s Southern District Court recently indicted a man for wire fraud. Asa Saint Clair reportedly used ill-gotten investor funds to finance his other firms as well as some of the high…Read More

  • News - 18 November 2019, 11:45 pm

    Chinese news program said that there are 32,000 firms in China who claim to use blockchain, but fewer than 10% of them actually have the technology. Chinese news program Focus Report has said that there are around 32,000 companies in China that claim to use blockchain technology. Reportedly, the real number is not even 10% of that.On Nov. 18, the predominant state television broadcaster in Mainland China, CCTV, aired an episode by Focus Report, titled “Blockchain is not a Cashchain.” The episode takes a closer look at companies who reportedly misuse the concept of blockchain technology to create business momentum and financial gains. Cracking down on illegal activity The Focus Report talked to Wu Zhen, head of the Key Laboratory of Internet Financial Security Technology of the National Internet Emergency Center, who said that currently there are more than 32,000 Chinese companies with the word blockchain in its business scope, saying:”There are more than 32,000 blockchains […] However, we found that there are actually not many companies that have blockchain technology or chain ownership […] About 10%, or even less than 10%.”According to the episode, China’s blockchain industry is at the forefront of the world, and the total number of blockchain enterprises is second only to the United States. However, less than 10% of those firms actually use the technology.As a result, the number of legal rulings involving blockchain technology in the country has reached a total of 566 to date. Because of that, professionals in the field request haste in implementing relevant legislation. Yu Jianing, deputy director of the China Communications Industry Association Blockchain Committee, said: “Cracking down on illegal crimes is actually an important measure to promote further innovation, development and integration of the blockchain industry.”China’s push for blockchain adoptionIn October, China’s President Xi Jinping called for the country to accelerate…Read More

  • News - 18 November 2019, 10:20 pm

    Wave of red on crypto markets grows, bringing more losses among the top 20 coins and exposing Bitcoin to the new potential drop. After another sell-off earlier today, crypto markets have continued to fall, with Bitcoin (BTC) briefly dropping below the $8,200 threshold.At the time of writing, 19 out of the top 20 coins by market cap are seeing significant losses. Texos (XTZ), the 17th altcoin by market cap, is resisting the bearish movement, still trading up around 1% over the past 24 hours at press time, according to Coin360.Market visualization. Source: Coin360After Bitcoin failed to reclaim $8,500 earlier today, its price has only continued to fall, dropping to as low as $8,104 per coin earlier on the day. At press time, Bitcoin has attempted a modest recovery and is trading at $8,215, down 4% over the past 24 hours.New downturn to open up the potential for Bitcoin to return to $7,400While Bitcoin is seeing a significant drop over the past seven days, down more than 5%, the major cryptocurrency is almost flat over the past 30 days at press time.The fresh decline in the market is considered by some analysts to expose Bitcoin to a potential return to $7,400, as Cointelegraph reported today.In contrast, other analysts suggested that Bitcoin’s recent trading into a falling wedge is typically a bullish pattern that has a success rate of breaking to the upside in around 68% of cases.Last week, the CEO and co-founder of Distributed Lab claimed that Bitcoin price could “crash to zero” in the event of mass adoption by institutions.Bitcoin 24-hour price chart. Source: Coin360Ether (ETH), the second-largest cryptocurrency by market cap, is trading down 3.5% at $178. The top altcoin is seeing a similar percentage loss over the past seven days at press time.Ether seven-day price chart. Source: Coin360XRP,…Read More

  • News - 18 November 2019, 9:57 pm

    The Comisión Nacional del Mercado de Valores has warned the public against Ethereum-based token dubbed AlyCoin. A Spanish financial watchdog has issued a warning against Ethereum (ETH)-based token dubbed AlyCoin.As Financial Magnates reported on Nov. 18, the Comisión Nacional del Mercado de Valores warned the public against AlyCoin as it the coin is registered neither in Spain nor in the corresponding registry and thus promotes unregulated initial coin offerings (ICOs).Specifically, AlyCoin purportedly provides its customers with financial services in violation of the second paragraph of Article 17 of the Securities Markets Law.82 million of independent tokensAlyCoin describes itself as an independent token based on Ethereum. The company’s ICO phase is scheduled to take place from Dec. 24, 2018, to Dec. 24, 2019, in which time AlyCoin is planning to distribute 35 million tokens in lots of 5 million each with a starting price of $0.10 per token in the first lot. The company further claims to be ready to release over 82 million tokens to the market.AlyCoin also stipulates about its intention to operate in full compliance with corresponding laws and regulations, as well as procure all necessary licences and approvals. The company ensures that “it is not possible to guarantee that any such license or approval will be obtained within a particular period of time or in all. This means that the initiatives described in this document may not be available in certain markets, or in all,” which purportedly goes contrary to its business in the Spanish market.Regulators blacklist crypto brokers Earlier in November, the German Federal Financial Supervisory Authority issued a warning against Bulgarian cryptocurrency broker 5 Capital, since the firm illegally offered Contracts for Difference designed to expose clients to the price movements of cryptocurrencies.In late October, the Malta Financial Services Authority warned of a Bitcoin (BTC) scam…Read More

  • News - 18 November 2019, 9:25 pm

    Vigilante hacker known as Phineas Fisher will pay in crypto for hacking big companies with like NSO Group and Halliburton. Anonymous hacker Phineas Fisher will pay up to $100,000 in crypto to hackers for leaking some damaging information about global high-profile firms. The bounty, called the “Hacktivist Bug Hunting Program” was published on Nov. 15 and targets big companies including Israeli spyware vendor NSO Group and American oil company Halliburton, as Vice reported on Nov. 17.The idea of the new bounty is to pay other hackers who carry out politically motivated hacks against firms, which would lead to the disclosure of documents in the public interest, according to Vice. Other targets reportedly include mining and livestock companies in South America.Phineas Fisher will pay hackers in Bitcoin or MoneroIn a purported manifesto published on Friday, Phineas Fisher said that he will pay hackers in cryptocurrency such as Bitcoin (BTC) or privacy-oriented coin Monero (XMR).Phineas Fisher, who has never been identified and may be an individual or a group of hackers, reportedly stated:“Hacking to obtain and leak documents with public interest is one of the best ways for hackers to use their abilities to benefit society […] I’m not trying to make anyone rich. I’m just trying to provide enough funds so that hackers can make a decent living doing a good job.”Anonymity of hacktivism raises major concernsAs reported by Vice, Phineas Fisher’s identity has never been made public — even after an investigation into the famous Hacking Team hack. In 2015, Phineas Fisher took over the servers of the Hacking Team, an Italian firm providing hacking and surveillance software for police and corporations, in order to expose all the company’s secrets in a 400-gigabyte torrent file containing internal emails, files, and source code. After an extensive investigation, Italian authorities reportedly said…Read More

  • News - 18 November 2019, 8:39 pm

    A researcher says that Mimblewimble’s privacy is flawed as people are able to uncover the addresses for 96% of Grin transactions. Mimblewimble, a privacy-focused blockchain protocol, is allegedly not private at all. According to an expert at blockchain research firm Dragonfly Research, Mimblewimble’s privacy is fundamentally flawed, which he reportedly proved by discovering the exact addresses of senders and recipients for 96% transactions of Mimblewimble’s privacy-centric coin Grin (GRIN).Ivan Bogatyy, a researcher at United States-based Dragonfly Capital Partners, published a Medium post on Nov. 18 in which he claimed that he was able to break Grin’s purported privacy while spending just $60 per week on Amazon Web Services (AWS).Mimblewimble should no longer be treated as an alternative to Zcash or MoneroAccording to the researcher, the problem is inherent to Mimblewimble, and there is no way to fix it. Based on new findings, Mimblewimble should no longer be considered as a “viable alternative to Zcash or Monero when it comes to privacy,” Bogatyy declared.The expert added that Mimblewimble developers have been aware of the technical feasibility of such an attack since he posted a Reddit thread on the issue a year ago.Bogatyy lists three approaches to privacy in cryptoIn the analysis, Bogatyy referred to anonymity sets, which are patterns that aggregate multiple transactions into a set, such that they can no longer be distinguished. Based on anonymity sets, Bogatyy pointed out three major approaches to privacy in cryptocurrencies such as Zcash, Monero and Mimblewimble.According to the researcher, Zcash purportedly provides the maximum possible anonymity as its anonymity set includes all the shielded transactions. In Monero, users should pick their own anonymity set of size 10-25 for any existing on-chain unspent output from Bitcoin transactions (UTXO). In Mimblewimble, all transactions in a block are aggregated into one big CoinJoin, purportedly ensuring that…Read More

  • News - 18 November 2019, 6:50 pm

    Family offices have shown growing confidence in the Bitcoin market, opening a new niche for the investment possibilities. There is a lot of chatter going on about the uncertainties of cryptocurrency and how an attempt to tame the raging seas of the crypto market could spell doom for investors. As expected, in the middle of this conversation is Bitcoin (BTC), whose popularity continues to grow in the investment world. Although Bitcoin’s volatility is well-documented, this has not stopped investors from adopting cryptocurrencies as a way of effecting a diversified investment strategy. Interestingly, the volatility narrative is somewhat losing its potency as Bitcoin slowly establishes stability.Hence, I will use this piece to analyze the growing affinity for digital assets and how Bitcoin is fast becoming a viable investment asset class for institutional investors and family offices.The value of BitcoinThe origin of Bitcoin might have caused many to doubt its efficacy. In a world grounded in a centralized culture, it is understandable that people would initially fight off an anomaly that could uproot the foundations of their belief system. At one point, people did not dare to imagine a world without a stratified institution made up of banks and governments that govern the dissemination of money and information. Now that decentralization is finding its way to even the most traditional industries, it is clear that crypto is here to stay.Nonetheless, there remains an ounce of doubt surrounding the viability of Bitcoin as an asset class. Some believe that Bitcoin emerged out of nothing. Therefore, it is impossible that the digital asset would retain its value. However, from my recent analysis of the history of money and the various theorems that established the origin of money, it is evident that Bitcoin fulfills the core requirements that other forms of money have passed.Interestingly, one could…Read More

  • News - 18 November 2019, 6:40 pm

    While Bitcoin looks weak, select altcoins are showing resilience and this can shift the focus from Bitcoin to altcoins. Since the Great Recession, the health of the global financial system has only deteriorated. Corrupt leadership, worsening standards of living and several other problems have sparked unrest in a number of countries. The latest country to see unrest is Iran. Recently protestors set several buildings on fire and one among them was a branch of Iran’s central bank in Behbahan, a city located in the southwestern region of the country. Such events underline the importance of cryptocurrencies because crypto is the only asset class which cannot be controlled or manipulated by leaders and regulators. Though many suggest that gold can also work as a safe haven during such situations, history shows that governments tend to put capital controls on gold as well. So, that leaves cryptocurrencies as the only alternative. Daily cryptocurrency market performance. Source: Coin360While many analysts are certain that digital asset valuations will increase over the long-term, the short-term price action paints a different picture. Bitcoin has been gradually declining, which has also pulled altcoins also lower. However, an interesting development is that a few altcoins are attempting to form a bottom. Let’s have a look at the charts to determine which are moving higher and what are the critical levels to watch out for?BTC/USDBitcoin (BTC) has been trading below the 50-day SMA for the past two days. This is a negative sign and it shows that there is no urgency among the bulls to buy even at these levels. The 20-day EMA has started to turn down and the relative strength index (RSI) has dipped into negative territory, which suggests that bears have the upper hand.A decisive breakdown below the 61.8% Fibonacci retracement level of $8,467.54 is likely to attract further…Read More

  • News - 18 November 2019, 6:38 pm

    Decentralized payment processing company Radpay has secured $1.2 million in a seed round, with the participation of investment firms Resiliency Ventures and BlackLaunch. Decentralized payment processing company Radpay has secured $1.2 million in a seed round, with the participation of investment firms Resiliency Ventures and BlackLaunch.Per a press release published on Nov. 18, Radpay completed a $1.2 million series seed round that reflects a 20% oversubscription. The company saw financial support from a number of Silicon Valley investors, Phoenix-based investment firms Resiliency Ventures and BlackLaunch, and investors from Nebraska and Arizona.Radpay is planning to allocate the raised funds to the company’s further development, which includes commercialization of its technology, expansion of its products to e-commerce and retailers, as well as the ongoing development of the company’s products focused on  blockchain, payments, and digital wallets.Industry players pour money into payment projectsEarlier today, Cointelegraph reported that Lagos-headquartered fintech firm Opay had sealed $120 million in a Series B financing round from a host of high-profile Chinese investors. OPay reportedly intends to use the funds to scale and extend its digital payments solution beyond Nigeria to Kenya, Ghana and South Africa.Recently, British mobile banking firm Revolut revealed it was negotiating with investors to raise at least half a billion dollars next year in order to fuel its expansion and hire new personnel, as well as expand its partnership with payment firms Visa and Mastercard.Australian crypto firm DigitalX Ltd. is launching a Bitcoin (BTC) fund, seeded with roughly $1.9 million of its own holdings in cryptocurrency. The new fund was offered through an unlisted fund structure to enable investors like family offices and high-net-worth individuals to gain exposure to the coin via a familiar vehicle.Read More

  • News - 18 November 2019, 6:29 pm

    This past weekend, Bitcoin’s blockchain mempool was at its highest level since January 2018. On Nov. 15, Bitcoin’s (BTC) blockchain mempool was at its highest level since January last year, according to figures from blockchain data website Nov. 15, Bitcoin’s mempool size reached over 90 megabytes (MB), a value not seen since January 2018. The Bitcoin mempool holds all the unconfirmed transactions that are waiting to be validated by miners. One-year chart of Bitcoin mempool size in bytes. Source: Blockchain.comAn apparent anomalyIn most cases, the bigger the mempool, the more transactions are waiting to be confirmed by miners, but in this case, the situation is quite different. At its peak, the number of unconfirmed transactions sitting in Bitcoin’s mempool on Nov. 15 was a little over 20,000.The number was higher — if only by a couple hundred of transactions — only two days before, with a mempool of about 12.6MB at its highest. All of this data seemingly indicates that last weekend, the average size of transactions was significantly bigger than usual.Bigger than usual transactions generally involve many inputs or outputs, or simply store data on the blockchain. Alex Saunders, the CEO and founder of Australian cryptocurrency news outlet NuggetsNewsAU, suggested in a tweet on Nov. 17 that the cause of the large size of the mempool was the activity of cryptocurrency exchange Binance.Saunders said that the mempool was filled by Binance moving small quantities of Bitcoin or Omni-based Tether (USDT) from many addresses with the lowest possible fees, which would result in the transactions being held in the mempool for more time.At the end of 2017, Bitcoin saw its mempool reach 120MB and transaction fees cost as much as $16. At the time, Bitcoin analyst and researcher Nic Carter suggested that the mempool showed suspicious behavior because the network…Read More

  • News - 18 November 2019, 4:36 pm

    China’s Zhejiang province processed $5.9 billion via a blockchain medical billing platform using Ant Financial’s blockchain tech. China’s Zhejiang province has processed nearly $6 billion via a blockchain medical billing platform using Ant Financial’s blockchain technology, Chinese publication QNSB reports on Nov. 18. Successfully piloted in 2018, the blockchain-enabled platform allows citizens to make doctor’s appointments, get prescriptions as well as pay, record and store their medical bills online.At a local blockchain event on Nov. 18, the Zhejiang Provincial Department of Finance announced that the platform had 480 medical institutions across the province as of Oct. 28. The officials said that the platform processed 41.7 billion Chinese yuan ($5.9 billion) as of October.The platform is reportedly based on Ant blockchain, a technology developed by Alibaba subsidiary Ant Financial.Platform accelerated insurance payouts by 96 timesThe platform was designed to reduce the time needed for the issuance and verification of medical documents and has reportedly sped up insurance payouts by 96 times. According to the report, the platform has cut down the insurance claims procedures from 12 days to three hours so far.As reported by Chinese blockchain-focused publication Jinse Finance, the platform was successfully piloted in Zhejiang’s Taizhou city in 2018. Launched in partnership with 11 local comprehensive hospitals, the pilot reportedly reduced the per-patient visit time from 170 minutes to 75 minutes.Platform is facilitated by Alipay and Ant FinancialAccording to a report by Asia Crypto today, Alipay, the digital payment arm of Chinese e-commerce giant Alibaba, partnered with local authorities to complete the pilot. Alipay reportedly provided the province with its Alipay payment service, while its affiliate firm, Ant Financial, was providing its blockchain technology.In mid-November, Ant Financial started testing its enterprise blockchain platform, as reported by Cointelegraph. Called Ant Blockchain Open Alliance, the platform intends to support small and medium-sized…Read More

  • News - 18 November 2019, 3:52 pm

    German airline Hahn Air claims to be the first airline company to issue tickets on a blockchain, through a partnership with Winding Tree. German airline Hahn Air claims to be the first airline company to issue tickets on a blockchain, the firm announced in a press release on Nov. 18.The ticket sale using blockchain technology was made possible through Hahn Air’s collaboration with a decentralized platform for the travel industry, Winding Tree. Frederick Nowotny, head of sales engineering at Hahn Air, Maksim Izmaylov, the founder of Winding Tree, and Davide Montali, CIO at Winding Tree, became the first passengers to use blockchain-booked tickets.Commenting on the product, Nowotny said the goal of the company is to “investigate and monitor the opportunities this technology holds for travel distribution, even if widespread acceptance is still a vision of the future.”Blockchain and crypto in the travel industryBlockchain technology and digital currencies have been steadily entering the travel industry, in recent years. Earlier in November, Alternative Airlines, a travel company based in the United Kingdom, partnered with cryptocurrency service Utrust to facilitate payments with crypto, including Bitcoin (BTC), Ether (ETH), Dash, DigiByte (DGB) and Utrust’s native token UTK.In late October, blockchain startup Zamna raised $5 million to automate airport security checks using blockchain and biometrics technology. Zamna said that International Airlines Group, Emirates Airlines and United Arab Emirates’ General Directorate of Residency and Foreigners Affairs are now among its clients.Last year, in an effort to promote tourism more broadly, the state government of the Australian province of Queensland issued a grant to crypto startup TravelbyBit as part of over $8.3 million of innovation funding. The firm aims to increase the number of tourists to the province by allowing travelers to book their flights and services using cryptocurrencies.Read More

  • News - 18 November 2019, 3:40 pm

    Bitcoin is showing early signs of a potential bullish reversal, although the overall trend remains bearish with a retest of $8,000 likely for BTC/USD. Bitcoin (BTC) closed the week down almost 6% at $8,500. Altcoins performed slightly better than BTC but collectively also closed lower for the week, down 3.5% against the dollar. Bitcoin dominance remains relatively flat and continues to hold 68% of the total share of the cryptocurrency market.Monday has brought lower prices on open with Bitcoin down around 0.75% and the rest of the market following suit.  After a slow start to the week, let’s take a closer look at the price action to determine if there is any change of Bitcoin avoiding a fourth red weekly candle, something which has only happened a handful of times previously. Cryptocurrency market daily view. Source: Coin360Weekly chartBitcoin closed the week with price in the middle of the range where it has been trading since September and on the 50% retracement of the whole 2019 move from $3,200 to $14,000.  Weekly support lies at around $7,600, which is also where the 100-week moving average is found, with former support now resistance at $9,550.     BTC USD Weekly chart. Source: TradingViewThe 100 and 50-week moving averages are rapidly converging to cross bullish for the first week of December, which is usually considered a bullish indicator and has coincided with the start of bullish moves in the past.   The 200-week moving average, which was critical in forming the 2018/9 support, is some way below at around $5,000.The Moving Average Convergence Divergence (MACD) indicator continues to trend towards zero implying that Bitcoin continues to favor bearish price movement.   Daily chartLooking at the daily chart we can see that Bitcoin lost the 50-day moving average support meaning that BTC/USD is now trending below all three major daily moving averages, which are bearish. BTC…Read More

  • News - 18 November 2019, 2:46 pm

    Let’s take a closer look at the core concepts underlying zero-knowledge proofs. Notable use casesOver the last two to three years, a number of platforms have adopted zero-knowledge proofs in order to bolster their native security/privacy capabilities.ZoKrates is a digital toolbox that can be used by skilled developers to devise and verify zero-knowledge proofs using Solidity — an object-oriented programming language used for creating Ethereum-based smart contracts.Similarly, a couple of years ago, JP Morgan Chase adopted Zcash’s zk-SNARKs-based proof of concept to bolster the privacy of its native blockchain ecosystem called Quorum. Simply put, Quorum is a fork of the Ethereum blockchain that makes use of its very own smart contract language called Constellation.What advantages do zero-knowledge proofs offer?ZKPs completely eliminate the need for passwords as well as the use of any other sensitive data when facilitating a transaction.Zero-knowledge proofs allow for a transfer of information to take place between two parties without the originator having to use a password or reveal any data related to him/her. This helps weed out many of the potential risks that are involved with the use of password-only authentication protocols. Additionally, ZKPs also help in bolstering the security of a person’s online payments/transactions and public cloud accounts.The only potential downside to using zero-knowledge proofs is that in case the originator of a transaction forgets his/her source passcode, all of the data associated with the transfer will be lost forever.Can ZKPs be integrated into blockchain platforms?Zero-knowledge proofs offer a lot of benefits to blockchain systems that make use of the technology. For example, they help in making crypto transaction’s extremely secure thanks to their high-level of encryption.Yes, a zero-knowledge proof can be very easily be used within the context of a blockchain ecosystem, especially in regard to validating cryptocurrency transactions without disclosing any data related…Read More

  • News - 18 November 2019, 1:53 pm

    The U.K. Jurisdiction Taskforce of the Lawtech Delivery Panel published a statement concerning cryptocurrencies, DLT and smart contracts. The United Kingdom Jurisdiction Taskforce of the Lawtech Delivery Panel published a statement concerning the status of cryptocurrencies, distributed ledger technology (DLT) and smart contracts under English and Welsh private law.U.K. entrepreneur network Tech Nation announced the paper’s publication on Nov. 18. The document attempts to address the legal uncertainties of cryptocurrency and recognizes crypto assets as tradeable property and smart contracts as enforceable agreements under local law.The importance of regulating blockchainLawtech Delivery Panel director Jenifer Swallow noted that the worldwide smart contract market is expected to reach $300 million by 2023 while the World Economic Forum predicts that one-tenth of the global GDP will be stored on a blockchain by 2027. Due to this, she thinks adapting regulations on these new technologies is particularly important, stating:“It is great to see the adaptability of our common law system to fast-changing technology, demonstrated in this landmark legal statement from the UKJT. Tech Nation is excited to work with the Lawtech Delivery Panel on leading initiatives such as this, to support business growth, clarity in law and the evolution of new tech.”Tech Nation notes that many believe legal uncertainty is the most significant barrier to cryptocurrency and smart contract adoption. The legal statement in question is reportedly a substantial step towards addressing the lack of regulatory clarity. Chancellor to the High Court and chair of the U.K. Jurisdiction Taskforce Geoffrey Vos also recognized the potential of crypto assets and smart contracts, saying:“In legal terms, cryptoassets and smart contracts undoubtedly represent the future. I hope that the Legal Statement will go a long way towards providing much needed market confidence, legal certainty and predictability in areas that are of great importance to the technological and…Read More

  • Oracletimes - 18 November 2019, 1:09 pm

    As you already know by now, Monero is getting ready for a brand new hard fork, which has been discussed a lot lately. We revealed not too long ago, that as a response to Coinbase, Monero Outreach addressed the decision to bar ASICs from mining XMR and noted that this practice of hard forking every … Continue reading “Monero (XMR) Just Launched New Carbon Chamaeleon Version Ahead Of The Upcoming Hard Fork”Read More

  • Oracletimes - 18 November 2019, 11:34 am

    The optimistic predictions regarding prices for the digital assets keep pouring into the crypto space. XRP, ETH, and more coins are reportedly on their way to a price rally It’s been revealed that a crypto analyst and a self-proclaimed whale whisperer said that Ethereum, XRP, and more altcoins are definitely poised for a massive rally. … Continue reading “XRP And Altcoins Reportedly Prepare For A Major Rally”Read More

  • Oracletimes - 18 November 2019, 9:51 am

    Today, at the moment of writing this article, Bitcoin is trading in the red. These days, we’ve reported all kinds of predictions regarding the price for the digital asset, and they are both optimistic, while some of them claim that BTC could even fall to around $4,000, as we’ve reported earlier this morning. A spike … Continue reading “Bitcoin Price: Crypto Indicator Shows Huge Spike In BTC Profit”Read More

  • Oracletimes - 18 November 2019, 8:04 am

    Ripple and XRP have been in the spotlight a lot during 2019 with all kinds of achievements. Overall, the San Francisco-based company has been making increased efforts to boost the XRP ecosystem and to trigger mainstream adoption for the coin. The only missing thing is a rise in price for the digital asset, but Ripple … Continue reading “Ripple Expands Its Efforts To Boost The Development And Adoption Of XRP”Read More

  • Oracletimes - 18 November 2019, 7:53 am

    The bulls returned to the crypto market about three weeks ago when China made an important movement for the industry, publicly showing support for the blockchain technology. Since then, there have been all kinds of optimistic predictions regarding the price of BTC floating around. A potential bearish sign for the price of BTC But now, … Continue reading “Bitcoin (BTC) Fall To $4,000 Is Reportedly Imminent”Read More

  • Oracletimes - 17 November 2019, 2:31 pm

    Ripple has been making increased efforts for a really long time now in order to replace the traditional payments system SWIFT. Ripple’s products are designed to be more secure, faster, and cheaper at the same time. On the other hand, they are also competing with PayPal. Tone Vays compared XRP and PayPal Bitcoin bull Tone … Continue reading “XRP Vs. PayPal – Which Entity Is Faster And More Advantageous?”Read More

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