Day: September 23, 2018

Brazil’s Biggest Brokerage Processes Bitcoin Trades, Gov’t Supportive

boss

Grupo XP, the largest independent brokerage in Brazil, has publicly released its plans to launch a Bitcoin and Ethereum trading platform by the end of 2018. Guilherme Benchimol, the chief executive officer of Grupo XP and XP Investimentos SA, stated that the business will integrate Bitcoin and Ethereum into the existing infrastructure of the brokerage, allowing more than three million investors in the country to invest in the asset class. Monumental Decision As CCN previously reported, on Sept. 20, the government of Brazil and its antitrust watchdog have launched a…

Japan: FSA must tighten regulations on cryptocurrency transactions

boss

Another serious case of theft has occurred in the cryptocurrency industry. Cryptocurrency exchange operators and the Financial Services Agency should swiftly implement effective measures to prevent a recurrence. A virtual currency exchange operated by Osaka-based Tech Bureau Corp. has been hacked, with losses of about ¥7 billion in digital currencies. Of the total, ¥4.5 billion in stolen currencies were assets deposited by customers. There was also a massive theft in January of about ¥58 billion in digital currencies held by Coincheck Inc. The industry’s careless methods of asset management are…

The Bitcoin Files Protocol Provides a BCH Secured File Storage System

boss

This weekend the Simple Ledger Protocol (SLP) developers have announced another new feature to the Bitcoin Cash network called the Bitcoin Files Protocol (BFP). The first implementation of the file storage system has been added to the SLP version of the Electron Cash light client. Also read: Simple Ledger Token Creation Platform Launches on the BCH Network The Bitcoin Files Protocol Anonymous and censorship-resistant file storage is hard to come by these days as governments and corporate entities have made it difficult for peer-to-peer file sharing. Now a new application dedicated…

What Pushed XRP up 100% in a Week

boss

In a supernormal rally that almost lost ethereum its silver spot, ripple (XRP) gained about 100 percent in a week. The maximum difference in XRP’s market cap between the week’s lowest and highest level turned out to be almost $19.8 billion. That’s nearly a 184 percent jump. True, the valuation dropped after establishing the weekly peak, but the extent of the drop was low. During the uptrend, the market cap of ripple once even went above the market cap of ethereum. For a short period, XRP was the new silver…

Dubai Department of Finance Launches Blockchain-Based Payment System for UAE Gov’t

boss

The Dubai Department of Finance (DoF) has partnered with the Smart Dubai Office (SDO) to launch a blockchain-powered payment system. The news was reported on by a local news site Zawya, September 23. The new platform, called “Payment Reconciliation and Settlement,” was officially launched Sunday, September 23. It is reportedly geared towards government entities, such as the Dubai Police, Roads and Transport Authority (RTA), Dubai Health Authority (DHA), and others. According to Zawya, the Dubai DoF and SDO intend for the system to provide for a more accurate and transparent…

Bitcoin Price Intraday Analysis: BTC/USD Trending Sideways

boss

The bitcoin price on Sunday paused its upside momentum to trend sideways against the US Dollar, fluctuating just about 2 percent between the trading range. BTC/USD over the last week had jumped from its previous weekly low near 6125-fiat to a new weekly high near 6840-fiat. Over the course of last 24 hours, the pair only managed to secure its recent gains while avoiding any bearish pullbacks. That said, the Asian trading session saw minimum momentum, a sentiment that rippled through the entire European trading hours. BTC/USD only formed lower low…

Security Threats in Crypto Worth Keeping in Mind

boss

Stay Vigilant, Stay Safe: Security Threats in Crypto Worth Keeping in Mind September 23, 2018 by William Peaster At this very moment, there are roving blackhats who would love nothing more than to separate you from your crypto. Unfortunately, these rogues have no shortage of attack vectors to try their hands at. Here’s a list of vectors that have already proven their bite in the cryptoverse. Know them, and calibrate your online activities defensively in kind. Also see: Chechen Republic Seeks to Open an International Mining Pool Subscribe to the Bitsonline YouTube…

When Blockchains Go Down: Why Crypto Outages Are on the Rise

boss

Berniesanders (not to be confused with former presidential candidate and Vermont Senator Bernie Sanders) is an institution on blockchain-based blogging platform Steemit. Steemit allows content creators to earn crypto – at least, crypto that’s native to the Steem blockchain, of which there are three – for popular posts. While recent successes include waffle recipes, romantic fiction and crypto punditry, berniesanders gets a pretty steady paycheck (about $30 at a time) for his single sentence, self-described “shit posts.” A recent sampling: “Are you having fun? I’m having fun.” ($60), “I’m on a boat!”…

As all top 20 cryptocurrencies see green, here’s what to expect in the coming weeks

boss

On Sunday, September 23, all top 20 cryptocurrencies have remained in the green, with signs of more gains in the coming weeks. Additionally, with a generally positive sentiment surrounding the cryptocurrency market, here’s what to expect regarding these coins’ prices. Price analysis On Sunday from early morning, almost all top 20 cryptocurrencies have stayed in the green, with gains between the ranges of 2-20%. For instance, Ethereum’s price gained 2% on the day to trade at $242. Additionally, XRP, which had gained about 80% on Friday, maintained the bullish momentum…

Stellar Surges 19%, Cardano Gains in Sunday’s Best Performing Crypto

boss

Stellar (XLM) and Cardano (ADA) have performed exceptionally well against Bitcoin over the past 24 hours, recording 19 percent and 8 percent gains against the dominant cryptocurrency. At its daily peak, XLM achieved a 25 percent price increase against the US dollar, achieving $0.297. Within a period of 48 hours, the price of XLM rose from $0.21 to $0.297, by more than 38 percent. To mirror Ripple’s three-fold increase in value in the past seven days, Stellar and Cardano will have to increase by more than 30 percent from their…