Day: August 29, 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 29

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The total crypto market capitalization has grown by about $30 billion in 15 days. This shows that the market is rebounding from its lows. Failure of the bears to break below the $5,900 mark in Bitcoin in the past few days has encouraged…

Russian Financial Monitoring System Seeking Tool to Track Crypto Transactions

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The Russian Federal Financial Monitoring Service has ordered an analytical tool to track crypto transactions, especially those in Bitcoin (BTC), BBC News Russia reported Wednesday, August 29. By the end of 2018, the new application will be included in a condensed monitoring system for the organization, whose main alleged aim is to confront fraud schemes and prevent terrorism funding. The tool is expected to unite fragmented information on fraud and link different cases. The winner of the government contract to develop such a monitoring program was the Moscow-based Institute for…

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) Now tradable On Yahoo Finance

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Cryptocurrency adoption has gotten a new dimension now that Yahoo Finance has integrated the buying and selling of Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform. At the moment, Ripple’s XRP, Stellar XLM, Bitcoin Cash and a host of others do not have buy and sell options on the platform. A crypto enthusiast, Pompiano who made this revelation was elated saying the cryptocurrency adoption virus has just started. “You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance. THE VIRUS IS SPREADING.” This is no doubt a…

Bitcoin Scammer Offers to Return Initial Investments of his Victims

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Amit Bhardwaj, the arrested self-proclaimed Bitcoin entrepreneur accused of duping thousands by promising hefty returns on Bitcoin investment, has told investigators that he is willing to return the principal amount owed to investors. However, Bhardwaj refused the allegation that he promised his investors a guaranteed profit all the times. The accused in the high-profile Bitcoin Ponzi scheme also declined any possibility of him returning the fiat equivalent of the Bitcoins purchased from his three firms Gain Bitcoin, GB21, and GB Miner. Bitcoin Scammer Confesses to Indian Agencies Citing unnamed sources,…

EOS Searches for Solutions as RAM Exploit Plagues Users

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The EOS community is once again left looking for solutions now that developers have identified a smart contract bug that allows malicious contract authors to effectively consume network resources owned by other users. EOS Smart Contract Exploit Consumes RAM To reduce spam, EOS requires users to purchase a scarce in-network resource called “RAM” to deploy smart contracts and run decentralized applications (dApps). Recently, developers discovered that attackers could create malicious smart contracts that exploit the scripting language’s notifications feature, which allows one contract to notify other contracts of specific events…

Bitcoin Continues to Hover Near $7K, Wider Crypto Market Sees Some Mild Corrections

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Wednesday, August 29: crypto markets are largely holding fort after yesterday’s strong upswing, as Bitcoin (BTC) continues to trade near the $7,000 price point and many of the top ten cryptocurrencies see negligible price change on the day. While a number of crypto assets in the top 100 are seeing mild corrections, these are scattered and are not for now correlated as part of a market-wide downtrend, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,036 at press time, down just half a percent…

Startups Will Be Next Big Thing on Blockchain, Says Crowdfunding Giant Boomstarter

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Well-established crowdfunding service adds blockchain to go global The crowdfunding market is ripe for blockchain disruption Crowdfunding on blockchain is expected to be the fastest growing application As you look at the performance of cryptocurrencies and ICOs over the past 12 months, you’d see positive returns for just a quarter of the time. Now in a prevailing bearish market, everyone is looking for a source of growth and profit. The potential lies in the very principle of crowdfunding: it will remain an important economical vehicle for raising operational capital for…

South Korean eCommerce Startup Raises $32 Million to Create Crypto Stablecoin

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South Korea e-commerce marketplace Ticket Monster (TMON) revealed it had closed a $32 million funding round for its new stablecoin Terra in a press release Wednesday, August 29. TMON, which boasts a considerable $4 billion in total sales, is seeking to create an in-house cryptocurrency to compliment its existing token, Luna, which acts as collateral on its blockchain platform. Contributing to the round are some of the cryptocurrency industry’s best-known names, including Binance Labs, OKEx and Huobi Capital, as well as funds including Polychain Capital. “From experience, I know that…

BTC/USD Locked Inside Ascending Channel

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Bitcoin price today remained in a bias-conflict, neither rising nor falling much. The BTC/USD started Wednesday just shy of 7010-fiat and managed to go as north as 7137-fiat by the end of Asian, and the beginning of European session. The lackluster volume didn’t offer many opportunities for the day traders, but it established that price could attempt a solid breakout from after invalidating its comprehensive narrow range. To explain further, BTC/USD is still climbing inside the ascending channel (please refer to the chart below) while testing its upper trendline as…

China Extends Crypto-Related Promotion Ban Beyond the Capital

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China’s anti-crypto onslaught continues, as a prohibition against commercial venues from hosting crypto-related events has been extended to Guangzhou Development District, local media outlet Jiemian reports August 29. Guangzhou Development District is a special economic zone in southern China, close to Hong Kong. The district’s Financial Development Bureau reportedly issued a notice of the new ban August 24, warning of the need to “maintain the security and stability of the financial system.” As reported last week, the move follows an almost identical ban first imposed upon venues in Beijing’s Chaoyang…