Day: October 7, 2018

A volatile crypto market confuses cryptocurrency experts and analysts

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The cryptocurrency market thus far has been quite volatile, hence confusing cryptocurrency experts and analysts. This can be witnessed in the changing forecasts made by these figures. Some believe that bitcoin’s price will achieve a new all-time high in the next few months, while others disagree, and suggest that the market’s glory days are over. Price Analysis Sunday, Oct 7: the cryptocurrency markets have remained fairly stable on the day, despite last week’s major news in the industry, including institutional investments and an update from the SEC on their highly-anticipated…

WSJ Gets In and Out of Crypto, While BofA Sees a $7 Billion Future for Blockchain

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Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Crypto Exchange ShapeShift Rebuts WSJ Report of Money Laundering Cryptocurrency exchange ShapeShift has issued a denial in response to a Wall Street Journal article that the exchange had laundered around $9 million in ill-received funds. The article, which calculated a total of $88.6…

Ripple Drops 8% as Volume Drops 50% in 1 Week, Bitcoin Bear Biased

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On October 6, CCN reported that the volume of Ripple has declined by more than 50 percent within the past four days. Since then, XRP has declined by around eight percent against the US dollar. The volume of Bitcoin has slightly recovered to $2 billion on CoinCap.io and $3.3 billion on Coinmarketcap, but the dominant cryptocurrency has not recorded any significant increase in volume and price to suggest that a short-term rally is in play. Ripple (XRP), Basic Attention Token (BAT), and Decentraland (MANA) remain as the worst performing cryptocurrencies…

Government Tracking of Crypto Is Growing, But There Are Ways to Avoid It

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Much noise has been made about the untraceable qualities of Bitcoin and other cryptocurrencies. Bitcoin “can be used to buy merchandise anonymously” said early primers on crypto, it offers users the kind of financial privacy that was previously available only from a “Swiss bank account,” say more recent commentators. And given its ability to provide people with a layer of anonymity and privacy, it has been smeared by politicians, experts and mainstream journalists alike as a hiding place for almost any hacker, drug dealer, gang member, terrorist or despot you…

Improving Ethereum (ETH) Is A Better Option than Creating New Blockchains

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The ICO boom of 2017 and early 2018, ushered in a new era of individual blockchain projects that aimed to solve a lot of the issues on the Ethereum (ETH) network. The most prominent ones have so far released a final product in the form of a mainnet, with others in the last stages of launching one. This is best exemplified by Tron that recently launched its Mainnet, as well as EOS. Zilliqa on the other hand, is on the cusp of launching its Mainnet at the end of this…

Lithuania Voices Concern Over ICO, Crypto Trading

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Lithuanian authorities held a seminar examining the “threats and potential benefits” of Initial Coin Offerings (ICO) to the country’s economy, a press release reported Wednesday, October 3, amid an ongoing investigation into cryptocurrency trading habits. The Financial Crime Investigation Service (FCIS) organized the meeting, which included representatives from government ministries, the central bank, and the General Prosecutor. According to the press release, the gathering revealed that Lithuanian processes “huge” turnover from crypto to fiat. Antonio Mikulsk, head of the FCIS, said: “Virtual currency has huge cash flows, but (there are)…

Crypto Week In Review: $30B Ameritrade Brings Crypto to Mainstream, Coinbase Worth $8B

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While the markets may indicate otherwise, the past seven days saw a slew of positive fundamental news bombard the cryptosphere, which has led some to pronounce that this week has been “the best week for crypto all year.” TD Ameritrade To Introduce Crypto To 11 Million Investors Earlier this week, on Wednesday, TD Ameritrade, an American brokerage firm with over $1.2 trillion worth of assets under management, announced that it had invested an undisclosed sum into ErisX, a crypto platform that has reportedly been in the works for months. According to the…

A Review of CoolBitX’s CoolWallet S: A Hardware Wallet the Size of a Credit Card

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A Review of CoolBitX’s CoolWallet S: A Hardware Wallet the Size of a Credit Card October 7, 2018 by Paul de Havilland The CoolWallet S is CoolBitX’s second generation mobile hardware crypto wallet, launched in March 2018. It follows the CoolWallet, released in 2016. Let’s unwrap it to take a look under the hood. Also see: Why Cloud Mining Needs to Be Trustless: Marco Streng of Genesis Mining Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts A Wallet That Looks Like a Credit Card The CoolWallet S…

Blockchain Use in the Life Science Organizations has Tripled Since 2017: Survey

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Blockchain adoption in the life sciences has risen exponentially in the last one year despite the existence of significant barriers. According to The Pistoia Alliance, a global nonprofit of life science firms, 60% of the professionals in the pharmaceutical and life science sector are either currently using blockchain technology or at least experimenting with it. This compares to a figure of 22% recorded when a similar survey was conducted in the sector last year by the nonprofit. For the remaining 40% who have no plans of implementing blockchain, there were…

$50,000 Bitcoin ATM Scam Surfaces in Australia

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In Melbourne’s West, scammers posing as debt collectors conned victims to deposit over $50,000 into a Bitcoin ATM. According to The Sydney Morning Herald’s article published on October 5, 2018, the four victims who were believed to be migrants, were threatened with an arrest if they failed to pay the total amount. Victims Deposit Funds Into Bitcoin ATM According to Australian police, the fraudster told the four victims that they had to pay their fake tax debt via a Bitcoin ATM or potentially face an arrest. The victims obliged and…