Day: September 18, 2018

BTC/USD Hinting Reversal towards $6500

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Bitcoin price on Tuesday appreciated as much as 2.88 percent against the US Dollar. The BTC/USD is trading at 6326-fiat at the time of this reporting. The pair opened the day forming lower lows towards 6229-fiat. There was already a minor uptrend in place on a bounce back from 6205-fiat from yesterday. However, BTC/USD lacked adequate bullish momentum during the Asian trading session. The sentiment began to improve around the mid-European session, right after Ripple started trending upwards against the USD. As a result, BTC/USD formed higher highs towards 6384-fiat,…

EOS Hacks | $250,000 Stolen from EOS Gambling Platforms

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Two EOS gambling platforms have been hacked in the last week. An amount totaling $250,000 USD. In the same week, another platform, EOSBet, paid out $600,000 to one user in a claimed ‘jack-pot,’ though some aren’t so sure. What’s going on? What’s with the EOS hacks? EOS Hacks The EOS smart contracts appear to be rather fallible. The first of the EOS hacks happened on DEOSGames. A user named Runningsnail kept winning $1,000 payments over and over again. Over a dozen times actually. Runningsnail would deposit 10 EOS and then win the jackpot 30…

New York AG Report Faults Crypto Exchanges for Manipulation Risks

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The New York Office of the Attorney General (OAG) has released a report on cryptocurrency trading platforms, finding that many are vulnerable to market manipulation and referring several exchanges to another agency for potential violations of state law. The NYAG’s inquiry was launched in April, seeking voluntary participation from 13 of the world’s most notable trading sites, including Coinbase, Kraken, Bitfinex, Bittrex, and Binance, among others. The process carried forward in spite of the refusal to participate from some exchanges as well as then-Attorney General Eric Schneiderman’s resignation in May. The…

This Company Is Using Bitcoin to Help Others Pay for Ransomware Attacks

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A company based in Norwalk, Connecticut is helping small businesses deal with ransomware attacks by negotiating with cybercriminals to reduce ransom amounts and paying them in bitcoin, a Forbes report from September 17, 2018, showed. When “Never Pay” Is not an Option While ransomware attacks have become a new normal to many big companies dealing with a lot of private client information, the past year has seen an increasing number of small businesses falling victims to cybercriminals stealing their data. Many security experts advise victims of these attacks not to…

Developer Completes ‘Proof-of-Life’ Off-Grid Crypto Transaction Primed for Post-Apocalypse

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A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18. The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing tools in order to find relief solutions for natural disasters. The off-grid transaction was completed on the open-source blockchain network ‘Burst’ and involved just a portable hard drive, a solar battery pack and a shortwave radio, as one of the project devs…

Developer Completes ‘Proof-of-Life’ Off-Grid Crypto Transaction Primed for Post-Apocalypse

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A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18. The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing tools in order to find relief solutions for natural disasters. The off-grid transaction was completed on the open-source blockchain network ‘Burst’ and involved just a portable hard drive, a solar battery pack and a shortwave radio, as one of the project devs…

Switzerland to Exchange Blockchain Regulatory Experience With Israel

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Switzerland and Israel have agreed to share their experience on regulating the blockchain industry, Reuters reports Monday, September 17, citing both countries’ high-ranking officials. Switzerland’s Minister of Finance Ueli Maurer and State Secretary for International Financial Matters Joerg Gasser have recently visited Israel to officially request access to the local markets for Swiss banks. As Gasser told Reuters, by the end of 2018 he plans to prepare a report on blockchain regulation for the Israeli officials that would outline general recommendations. He expects that these notes might be approved by…

Coinbase Hires LinkedIn Executive as New Data Chief

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Cryptocurrency exchange startup Coinbase has hired LinkedIn’s head of analytics and data science. Michael Li, a senior LinkedIn executive who spent more than seven years with the professional networking platform, is taking on the role of vice president of data, according to a blog post published Tuesday. Li’s career to date has revolved around incorporating data into financial services, e-commerce and social networks, he wrote in the post. He believes that there are “endless possibilities” for using data in the cryptocurrency and blockchain space. “I am thrilled by the opportunity to…

Tether Transactions Resume Following Incident with Omni API

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Tether (USDT), the eighth-largest cryptocurrency and the second most-traded coin behind bitcoin, is functioning as normal following an incident with the engine that feeds data from the underlying Omni protocol to the platform’s hosted node services. For approximately eight hours on Monday, tether transactions appeared to be frozen, and in fact were — at least for the many users who do not operate full nodes. The USD-pegged stablecoin, which its issuer says is backed by physical dollars stored in company-controlled bank accounts, operates as a token on top of the…

ETH and XRP See Major Boost Amid Checkered Market Outlook

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Tuesday, September 18: while the wider crypto markets remain shaky, Ripple (XRP) has today seen a major price boost, and Ethereum (ETH) has also strongly rebounded from recent losses, as data from Coin360 shows. Market visualization by Coin360 Having settled to circle the $6,500 mark towards the end of last week, Bitcoin (BTC) has subsequently seen some volatility, plummeting below the $6,300 point yesterday. The top coin is now trading around $6,356 to press time, seeing negligible percentage change over the 24 hour period. On the week, Bitcoin is up…