Day: October 3, 2018

Israel Securities Authority Turns to Blockchain for Improving Cybersecurity

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The Israel Securities Authority (ISA) has started to use blockchain to improve the cybersecurity of its messaging system, online newspaper Times of Israel reports today, October 3. The government regulator has reportedly embedded the technology into a system dubbed “Yael,” used to deliver messages and other information to entities that fall under ISA oversight. The ISA has further plans to implement blockchain in two other systems, including an online voting system that enables investors to participate in ISA meetings remotely, and a system called ‘Magna” that stores all the reports…

South African Startup Centbee Launch Bitcoin Cash Wallet App

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Centbee of South Africa has announced the launch of its bitcoin cash wallet app in beta, as adoption continues to grow in Africa and elsewhere around the world. Some shops in Kenya already accept bitcoin cash for purchases. Also read: BCH Roundup: Merchant Adoption, Wallet Services And Hackathon. Centbee Wallet App Allows Users to Send Bitcoin Cash to Friends via Mobile South African cryptocurrency firm Centbee has released the beta version of its bitcoin cash wallet, allowing users to send BCH to one another via cellphone. The app, which allows people to receive,…

Antitrust Watchdog Sends Questions to Crypto Exchanges After Bank Account Closures

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Brazil’s antitrust regulator has sent a questionnaire to crypto exchanges whose banks accounts have previously been closed, major Brazilian financial newspaper Valor Economico reports Tuesday, October 20. The Brazilian Administrative Council for Economic Defense (CADE), operated by the local Ministry of Justice, sent the questionnaire to ten companies: Bitcoin Market, Bitcambio, BitcoinTrade, Foxbit, Walltime, Braziliex, BitBlue, Open Digital Capital (OTC), e-juno, and Profitfy. The move comes shortly after CADE launched a probe into six major banks to find out whether they had closed accounts for crypto exchanges. The initial request,…

How Institutional Investors Might Be Accumulating Bitcoin (BTC)

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Warren Buffet is also known as the Oracle of Omaha due to his time tested wisdom in the field of investing that has seen his firm of Berkshire Hathaway, fully own other companies such as  GEICO, Dairy Queen, BNSF Railway, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, and NetJets. The firm’s individual stock is currently worth $325,000 at the moment of writing this. Imagine that? Perhaps Buffet’s Best Quote? One of Warren Buffets famous quotes has been sampled by the investing community on numerous occasions, and applies to other types of investing outside…

Crypto Assets on Winklevoss Gemini Exchange Are Now Insured

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Crypto exchange Gemini has obtained insurance coverage for the digital assets it holds in custody, it announced Wednesday. The Gemini Trust Company said in a press release that its insurance will be provided through a consortium of insurers under a system set up by global professional services firm Aon, which already provides “a broad range of risk, retirement and health solutions.” According to the release, the exchange received coverage after it could prove to underwriters that it “is a leading, best-in-class exchange and custodian.” This insurance comes on top of…

Bitcoin’s Price Is Constantly Manipulated by Bots, but Not Everyone Thinks It’s Bad for the Market

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Crypto trading bots are becoming a common occurrence and run largely unchecked on most crypto exchanges letting traders execute abusive strategies at a large scale. However, as an October 2, 2018, report from Wall Street Journal pointed out, not everyone thinks the practice is that bad for the market. Malicious Activity Rampant on Crypto Exchanges While bitcoin is known for its huge price swings, which are responsible for a lot of the cryptocurrency’s appeal, most people aren’t aware of the fact that unscrupulous traders using crypto trading bots are usually…

Bitcoin’s Price Is Testing a Month-Long Trend Line

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Bitcoin bears have been emboldened by repeated rejection from a key moving average hurdle, but they may take a breather over the next 24 hours as the price heads for another key trendline of support. The world’s premier cryptocurrency is lacking a strong bullish or bearish bias in the near-term given that its price action has largely traded sideways since the beginning of September. That said, the repeated failure to find sustained acceptance above the 50-day moving average and $6,850 resistance gives the upper hand to bears, as it indicates…

US Brokerage Firm TD Ameritrade to Invest in New Crypto Exchange

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Retail brokerage firm TD Ameritrade has announced that is backing new crypto exchange ErisX, according to a press release published on the company’s website Wednesday, October 3. TD Ameritrade, which currently provides investment services to up to 11 million clients, did not reveal the details of the deal. However, according to Bloomberg, investing company DRW Holdings and high-speed trader Virtu Financial are also participating with investments. Both agreed to be market makers for ErisX, which might help ensure a deep order book, Bloomberg writes. ErisX, a reboot of traditional futures…

Bitcoin Price Intraday Analysis: BTC/USD Towards Breakdown Action

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Bitcoin on Wednesday depreciated more than 3.5 percent from its yesterday’s high near $6,659. The BTC/USD has been under a bearish impression since September 28 but has found strong support near 6500-fiat. The downtrend today also tested the level, broke below it only to see an influx of long positions around it. The minor upside retracement could also be explained with the formation of a near-term symmetric triangle, whose lower trendline offered support once BTC/USD sought a downside target below 6500-fiat. As of now, the pair has reclaimed its support…

Ubisoft Joins Blockchain Group as Publishers Await Death of the Console

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The video game console is dying, and AAA game publisher Ubisoft wants to help craft the standards that guide the development of one of the technologies that may one day replace it: blockchain. Ubisoft Joins Blockchain Game Alliance Toward that end, the French gaming giant has signed on as a founding member of the Blockchain Game Alliance, whose members will collaborate to develop industry standards and best practices for gaming applications that rely on distributed ledger technology (DLT). The news was first reported by U.K. video game magazine MCV. From…