Day: October 5, 2018

CFTC Chair Notes Crypto Cases in Record Year of Enforcement Actions

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Christopher Giancarlo, the chairman of U.S. Commodity Futures Trading Commission (СFTC), said in an Oct. 2 speech that enforcement actions and fines increased significantly in the last fiscal year. Giancarlo presented at the Economic Club of Minnesota, stating that the enforcement of the recent fiscal year, which ended September 30, was “among the most vigorous in the history of the CFTC.” The CFTC filed 83 enforcement actions in the last fiscal year, representing a 25 percent increase from the last three years of the previous administration. The CFTC levied as…

Bitcoin Cash Developers Launch Chrome Extension Badgerwallet.cash

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A team of Bitcoin Cash (BCH) developers has released a new BCH desktop wallet that resembles the ethereum-light client Metamask. The new beta version Chrome extension wallet called Badgerwallet.cash can be tested in the browser’s developer mode and soon will be able to hold BCH-issued tokens. Also read: Bitpay Phases Out Crypto-Debit Cards for European Cardholders Testing the New Chrome Extension Wallet Badgerwallet.cash There’s a new bitcoin cash wallet that is similar to the popular Chrome extension Metamask wallet. The BCH-based Badgerwallet.cash client was produced by members of the organizations Spendbch,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, October 5

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. 2017 was about large range days and superlative returns in cryptocurrencies. 2018 is about a crushing bear market and a sharp drop in volatility. Bitcoin’s volatility is at year-to-date lows and most altcoins have followed suit. While flat markets are despised by speculative traders,…

Crypto Means Finance Middlemen ‘Face The Chop’

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Financial intermediaries will be “facing the chop” thanks to Bitcoin and cryptocurrency, Malta’s finance minister told Cointelegraph in an interview Friday, October 5. Speaking in a private interview during the Malta Blockchain Conference: Delta Summit 2018, Edward Scicluna said that the advent of cryptocurrency that is usable by the mass populace was making the middlemen of finance go the way of traditional photo developers. “This is a disruptive technology,” he said when asked whether he sees crypto as a future payment method, continuing: “I can see this, just like in…

Amid Forced Exchange Closures, Investors in Africa Turn to Whatsapp to Trade Bitcoin

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Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp. Kenyan authorities have sounded tough on virtual currency, warning banks and individuals against trading such, but the local cryptosphere continues to flourish, both on social media and on centralized exchanges. Also read: South African Startup Centbee Launches Bitcoin Cash Payments App P2P Whatsapp Market Defies Regulatory Bans and Shutdowns in Africa…

Corrupt Governance? What We Know About Recent EOS Scandal

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This week, EOS found itself in hot water after allegations arose that a major part of its blockchain governnance, led by Chinese crypto exchange Hubobi may be involved in a corruption scheme. EOS’ parent company and Huobi have issued public statements since these allegations, but refrained from admitting or denying the charges. What is EOS? EOS.io is a blockchain-powered smart contracts protocol for the development, hosting, and execution of decentralized applications (dApps). It aims to operate in a way similar to the web-based applications and retains similar structural principles, which…

14 Italian Banks Complete Interbank Transactions on R3 Blockchain Corda

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A consortium of Italian banks has successfully completed the initial trial of a blockchain-based system aimed at enhancing interbank operations. Known as the interbank Spunta Project, the 14 banks chose the Corda distributed ledger technology platform developed by the R3 blockchain consortium. The application was developed by NTT Data Italia while decentralized storage platform Sia provided the node infrastructure. During the trial phase which lasted for a period of 10 months, around 1.2 million transactions were processed, according to Ansa. Speed, Efficiency and Transparency Some of the improvements expected to…

Crypto Attitudes: Traditional Banking Institutions Seem To Reduce Their Animosity With Crypto

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Photo: Wally Gobetz / Flickr In a recent interview with Forbes contributor Billy Bambrough, Coriolis Technologies CEO Rebecca Harding said that traditional banking institutions are turning about cryptocurrencies. This sounds certainly exciting considering the bank’s long-time animosity with digital assets. Harding explained that the banking institutions have started to acknowledge the need for investing in the blockchain and cryptocurrency market. The banks are turning positive towards the development in these sectors but are currently waiting for more regulatory clarity to emerge. “A lot of banks are healthily skeptical about bitcoin and blockchain,” said…

Bitcoin Hovers Near 6,600, While Most Top Coins See Little Price Volatility

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Friday, Oct. 5: cryptocurrencies are seeing little volatility over the past 24 hours to press time, with the majority of losses and gains of top coins capped within a 1 percent range on the day, as data from Coin360 shows. Market visualization by Coin360 Ripple (XRP) is the only outlier in the top ten coins, down a little over 3 percent on the day to trade at $0.52. The asset – which in September briefly outflanked Ethereum to seal the second spot ranking on CoinMarketCap listings – has had a…

Bitcoin Price Intraday Analysis: BTC/USD Stability Continues

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Bitcoin on Friday surged a minor 0.21 percent against the US Dollar, intensifying the bias conflict it has been in since yesterday. The BTC/USD opened the day while valued at 6590-fiat and is currently fluctuating around 6593-fiat. Between then and now, the pair, however, witnessed a robust intrarange action, in which the value retested 6500-fiat as its psychological support, and found its uptrend capped by an equally strong resistance level near 6627-fiat. The sideways consolidation action offers adequate opportunities to traders to enter and exit markets on decent profits. BTC/USD Technical Analysis…