Day: September 8, 2018

Crypto Exchange Giant Binance Outlines Plans to Expand in Africa

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Binance Labs Director Benjamin Rameau has stated that Africa is front and center of the company’s expansion strategy as it bets on a vision of the 21st century driven by the world’s youngest population gaining increased access to technology and opportunities. In June, CCN reported that Binance began actualizing its African expansion strategy when it opened Uganda’s first ever Fiat-Crypto exchange offering trading pairs with the Ugandan Shilling. Contrarian Investment Ideas In a detailed blog published on his Medium page, Rameau comprehensively outlines why Binance believes that the future is African, starting…

Experts explain Bitcoin’s sudden drop this week

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Earlier this week, Bitcoin experienced a sudden drop in price that ultimately affected other market-wide cryptocurrencies, and experts were unsure about the cause. Now, ThinkMarkets chief specialist Naeem Aslam said speculators have only strengthened Bitcoin’s downward trend by overselling it in global markets. Additionally, Bitcoin’s downward trend should come as no surprise, because as Aslam points out, the trajectory has been the same since Bitcoin peaked at $900 billion back in December and then immediately started to decline. “Speculators have gone crazy and they are trying to squeeze as much blood out…

Bitcoin ATMs Targeted by Malware for Sale in Underground Markets

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Malware aimed at Bitcoin ATMs is being sold in underground markets, according to Trend Micro security researchers. For $25,000, malware exploiting a service vulnerability allows users to nab bitcoin price equivalent in euros, USD, or British pounds. Also read: Bitcoin’s Hopeful Numbers: 70% Familiar in the United States For $25,000, Bitcoin ATM Malware is Available on Underground Markets Senior Threat Researcher at Trend Micro, the firm alerting enthusiasts, Fernando Mercês, explained, “Unlike regular ATMs, there is no single set of verification or security standards for Bitcoin ATMs. For example, instead…

Bitcoin (BTC) May Be Nearing $6,000, But Is A Rebound Inbound?

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Bitcoin (BTC) Fails To See Short-Term Rebound, Price Remains at $6,400-$6,500 As covered by Ethereum World News previously, prices throughout the entirety of the cryptocurrency market saw a sharp decline on Wednesday, with altcoins capitulating in value across the board. At one point, ETH hit a value of $210 and BTC temporarily was at $6,300, not the most promising sign, to say the least. Since there didn’t seem to be a single clear catalyst for this market move, some claimed that this was evidently an irrational sell-off and that a…

Majority of Investors Want to Buy More Digital Currency in 2018, Survey Shows

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A majority of accredited and retail investors plan to increase their crypto asset holdings over the next 12 months, according to a survey published September 5 by investment platform SharesPost. The mid-year survey, which was conducted in July, polled 2,490 retail investors and 528 individual accredited and institutional investors.  The recent survey shows both consumers and investors remain optimistic about cryptocurrencies in spite of the 60 percent decline in cryptocurrency valuations in 2018. At least 59 percent of investors and 72 percent of consumers confirm they are planning to buy…

Litecoin (LTC) Price Analysis

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Development wise, prospects of lightning Network and Casa should boost prices. This comes at a time when Litecoin has been agitating for mass adoption by forming strategic partnerships with payment providers, news of a one-in-all solution that simplify LN node set up and channel transactions further reflect the divergence between fundamentals and price technicals. Regardless, bears are yet to breach $50 and it doesn’t matter when but once they do, LTC would be available for cheap allowing enthusiasts and coin believers to accumulate this under priced digital asset. From the…

1 Billion People Will Be in Crypto Ecosystem in 5 Years

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Cryptocurrency exchange Coinbase CEO Brian Armstrong predicts the number of  people in the cryptocurrency ecosystem to grow from the current 40 million to 1 billion in the next five years, TechCrunch reported September 7. In an interview with TechCrunch, Armstrong projected that the crypto ecosystem and the total number of digital currencies will grow substantially, attributing the growth to commercial organizations which develop their own tokens. The tokens would reportedly function together with equity as an alternative investment system. Armstrong explained: “It makes sense that any company out there who…

PocketCon Creative Gallery has been launched and now is waiting for fandom artists to join in

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A creative hub where you can connect not only with other fans but also with your favorite artists. Some people say that blockchain technology is a form of art. Today, blockchain is extremely attractive to the art community. Unsurprisingly, the first forays into the art trade’s use of blockchain have been made by start-ups. PocketCon, for example, offers artists a platform for uploading their digital works, securing their attribution and selling them. From now on beginners and professionals share the space and only their talent may prove who is worth…

Ripple’s General Counsel Steps Down After Two Years

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Ripple’s general counsel Brynly Llyr has left her post, which she had held since November 2016, Quartz reported September 7. The American technology company confirmed to Quartz that Llyr no longer serves at the firm. A Ripple spokesperson said: “We’re grateful for all that she did to help build an incredible team. We wish Brynly all the best in her next endeavor and the team here at Ripple looks forward to the next chapter, where we will continue to pave the way in this ever-evolving and unchartered industry.” Before joining…

Former PayPal COO Joins Security Token Startup 0x in Advisory Capacity

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Former Paypal COO David Sacks has joined 0x, an open protocol used for token trading in an advisory role, according to Fortune. Sacks, who is the co-founder of Harbor and a partner at Craft Ventures — a compliance service for token sales — shared the news via a tweet. The move is expected to create an industry standard for security tokens, leading to faster adoption with investors and software developers. The 0x protocol was founded by Will Warren and Amir Bandeali, who saw the need for a trustless peer-to-peer token exchange…