Day: September 21, 2018

Bitcoin Cash Price Analysis: BCH/USD Breaks Above Key Resistance

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Key Points Bitcoin cash price rallied and broke a major resistance near $440 against the US Dollar. Yesterday’s highlighted important bearish trend line was breached at $435 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently correcting lower, but dips near $445 and $440 remains well supported. Bitcoin cash price moved into a positive zone above $440 against the US Dollar. BCH/USD dips towards the $440-445 zone could find a strong buying interest. Bitcoin Cash Price Analysis Yesterday, we discussed a crucial resistance…

EOS 1.3.0 Release Outshines NewDEX Hack, EOS Stable

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Overly, EOS price analysis point to recoveries and EOS is technically stable following yesterday’s four percent gain. Not to be derailed by dApps vulnerabilities from NewDEX, EOS traders should look at on-chain developments following the recent EOS 1.3.0 release. The upgrade seeks to strength the network aside from making it easy for full nodes to sync. Latest EOS News Unfortunately, there is no room for error in blockchain. Exchanges are prime examples of what happens when lurking hackers sniff out a weakness. It doesn’t matter the level of assumptions and…

Altcoins Clip Bitcoin Dominace as ADA Adds $300 Million

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Today’s focus is on the price of Cardano, which appears to be bottoming out. Like developments in Tron and Litecoin, it’s clear that there is a rejection of lower lows and behind these rejections are high volumes moving prices across wide ranges. If Cardano edge higher, then odds are Litecoin, Stellar Lumens, IOTA and Tron would follow suit benefiting buyers. Litecoin Price Analysis Latest developments: Charlie Lee, the controversial founder of Litecoin took to twitter to “address” the concerted efforts by “groups”keen on watering down Litecoin valuation. At current prices,…

International Anti-Money Laundering Standards for Crypto Expected in October

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The Financial Action Task Force (FATF) said it is getting closer to the establishment of a global set of anti-money laundering (AML) standards for cryptocurrencies, Financial Times reported September 19. The FATF is an international organization established in 1989 at the initiative of the G7 in order to develop policies and standards to fight money laundering. The agency’s scope of activities further expanded to combat terrorism financing. The FATF currently comprises 35 member jurisdictions and 2 regional organizations. The agency’s president Marshall Billingslea reportedly said that he expects the coordination…

Major Russian Banks Highly Interested in ‘Working With Crypto,’ Local Sources Say

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Several large Russian banks have expressed their strong interest in working with the industry of cryptocurrency and blockchain during a closed-door meeting held at the Moscow Exchange, sources told Russian news site RBC September 19. As an unnamed source familiar with the matter told RBC, the demand for cryptocurrencies in Russia is very high, but the banks are not able to meet it due to the lack of clearly defined regulations. Because of that, the representatives of the Russian banks present at the meeting have talked to regulators from Japan,…

UN Women to Use Blockchain Technology in Refugee Work Program in Jordan

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UN Women — a United Nations entity for gender equality and empowering women — will use blockchain technology for cash transfers in Jordanian refugee camps, according to a UN press release September 18. Per the announcement, UN Women in partnership with the World Food Programme (WFP) will use blockchain technology for money transactions at Za’atari and Azraq camps. The cumulative population of both camps is over 115,000. Women refugees participating in the UN Women cash for work program will be able to obtain their money directly without the assistance of…

Consortium of Swiss Investors Launch Blockchain Incubator with $100 Million Goal

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Switzerland-based consortium Crypto Valley Venture Capital (CV VC) has launched a blockchain incubator with a $100 million goal, swissinfo.ch reported September 20. CV VC has reportedly launched its initial incubator dubbed “Genesis Hub” in the canton of Zug, also known as Switzerland’s Crypto Valley. The Crypto Valley Association was founded as a government-backed consortium in March 2017, with the aim of “supporting the development of blockchain and cryptographic related technologies and businesses.” Currently, the incubator includes 20 blockchain startups, though it plans to eventually fund 60 new companies per year.…

US SEC Asks for Further Comment Regarding VanEck Bitcoin ETF

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The U.S. Securities and Exchange Commission (SEC) has requested further comments regarding its decision on the listing and trading of a Bitcoin (BTC) exchange-traded fund (ETF), according to an official notice released September 20. The ETF under consideration is backed by investment firm VanEck and financial services company SolidX. Initially filed on June 6, the fund is claimed to be physically-backed, which means it will hold actual Bitcoins, and is expected to list on the Chicago Board of Exchange (CBOE) BZX Equities Exchange (BZX). In the notice, the SEC notes…

In First Half of 2018, Japan Counts $540 Million Lost to Crypto Thefts

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When Tokyo-based Mt. Gox got hacked to the tune of 650,000 bitcoin in 2014, Japan learned early on the tough lessons of cryptocurrency theft. Yet, to this day, despite the country’s ongoing efforts to educate investors and ramp up oversight of crypto exchanges, it still feels the sting of hackers. On September 20, 2018, on the heels of the Osaka-based Zaif heist, which amounted to $60 million in losses, the country’s National Police Agency (NPA) issued a report of cryptocurrency thefts involving exchanges and individual crypto wallets for the first…

Newest Crypto Exchange Offers Multiple Currencies Via One Book

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The crypto world is welcoming its newest digital currency exchange. Known as BTSE, it’s a platform designed primarily to look after markets and OTC trading. The system is unique in the sense that it offers multiple currencies through one book, and entities like the U.S. dollar, the euro and the Japanese yen all share the same liquidity pool. Co-founder Jack Li spoke with Bitcoin Magazine about how the exchange works and what its overall purpose is in offering a multi-currency platform. “Even though there has been some consolidation amongst the…