Day: July 2, 2018

Korean Authorities to Probe Crypto Exchanges’ Handling of Personal Data

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Two Korean watchdogs have announced a joint probe into crypto exchange operators’ handling of personal data, local news outlet Chosun reports Monday, July 2. The agencies in question are the Korea Communications Commission (KCC) and the Korea Internet & Security Agency (KISA). The KCC and KISA will investigate potential infringements of data privacy rights by crypto exchange operators in conjunction with third party service providers – for example, smartphone apps designed for services such as real estate, shopping and travel. The probe will reportedly check the status of technical and…

Exchange Using AI and Blockchain to Tackle Ad Industry’s $19 Billion Fraud Problem

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An ad exchange network is combining an artificial intelligence (AI) system with blockchain technology to tackle eye-watering levels of fraud in the industry and stop consumers from being bombarded with irrelevant ads at inappropriate times. NOIZ Chain says the public, and the brands trying to reach them through advertising, have seen their patience wear thin following a slew of scandals involving digital media. While consumers have been reeling from the Cambridge Analytica scandal, that resulted in millions of Facebook users having their data sold and used without consent, advertisers have…

Bitcoin Breaks $6,500 as Cryptocurrency Market Upswing Continues

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The cryptocurrency markets appear to be on an upswing today, July 2, after recovering slightly after last week saw Bitcoin (BTC) dip below $6,000, twice. Market visualization from Coin360 Bitcoin is above $6,500, trading for around $6,599 by press time and up around 4 percent over a 24 hour period. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is trading at around $470, up almost 6 percent over a 24 hour period by press time. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Of the top ten coins…

Huobi’s HADAX Postpones Voting for New Token Listings After Changing Rules

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Huobi’s autonomous token listing exchange, HADAX, has announced it is postponing the next round of voting for new token listings on the platform. The statement, posted July 2, follows recent updates to its voting rules. HADAX is a segment of major crypto exchange Huobi, on which users can vote using native Huobi tokens (HT) to select digital assets that will be listed and traded on the platform. Last week, Huobi announced updates to the rules governing the voting process for new listings. After launching HADAX in February, Huboi soon introduced…

Kraken Strikes Back at Tether Price Manipulation Claims

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Cryptocurrency exchange Kraken is calling foul on allegations that its tether (USDT) markets are frequently characterized by trading activity commonly associated with wash trading and other forms of market manipulation. Last week, Bloomberg published an investigative report examining trades involving tether, a “stablecoin” allegedly backed by physical U.S. dollars at a 1:1 ratio. Controversy has long swirled around USDT — as well as its creator, the Caribbean-based Tether — with critics levying accusations that Tether operates a fractional reserve, using un-backed tokens to manipulate the bitcoin price. Tether’s recently-released “transparency…

Graphics Card Suppliers to Cut Prices in July due to Crypto Market Slump, Sources Report

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Sources say that the recent slump in the crypto markets is leading to graphics card suppliers lowering their prices, tech outlet DigiTimes reported June 29. Unnamed sources from the “upstream supply chain” told DigiTimes that the sale of ASIC crypto mining hardware have been negatively impacted, with a predicted price drop of 20 percent in July. Among the affected companies are the Taiwan Semiconductor Manufacturing Company, as well as its integrated circuit (IC) design service partners like Global Unichip. DigiTimes notes that the global graphic card market inventory is currently…

Naysayers Like Economist Robert Shiller ‘Mistaken’ About Crypto

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The European Parliament has told lawmakers not to “ban” or “ignore” cryptocurrencies in a new report released this week, forecasting they “will remains with us for a while.” The report, ‘Virtual currencies and central banks monetary policy: challenges ahead’ commissioned by the Economic and Monetary Affairs Committee, contains a wealth of supportive statements on virtual currencies (‘VCs’). Its publication diversifies the broad EU standpoint on the technology, which continues to include legal projects to monitor residents’ usage and clamp down on anonymity. “Thanks to their technological properties, their global transaction…

Thai Securities Firms to Team Up for Crypto Exchange Launch

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A group of traditional securities firms in Thailand are planning to jointly launch a new cryptocurrency exchange, a report indicates. According to the Bangkok Post on Monday, the Association of Securities Companies (ACE) – a body that represents the country’s securities firms – said it is in talks with regulators about allowing established financial firms to offer crypto exchange services. Furthermore, the association’s chairwoman, Pattera Dilokrungthirapop, said in the article that at least several securities companies are filing a registration application with the Securities and Exchange Commission (SEC) as preparation for the…

Formerly Top Three Crypto Exchange BTCC Relaunches, Plans to Issue Native Token

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BTCC, formerly known as BTC China, has relaunched its crypto trading platform and revealed plans to issue its own native token, according a company announcement Monday, July 2. The rehauled crypto exchange is now live, offering trading for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) against the U.S. dollar, as well as crypto-to-crypto pairings. The new site advertises a points-based system for users, who will earn points that will later be redeemable for a new, native BTCC token, whose release date remains unspecified. For a limited promotional…