Day: October 12, 2018

SpankChain Hacker Returns Stolen Ethereum, Earns $9,000 Reward

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The hacker who stole nearly $40,000 in ethereum from adult entertainment startup SpankChain has returned the stolen cryptocurrency, the company announced last night. According to messages posted on the company’s official Twitter account, SpankChain CEO Ameen Soleimani reached an agreement with the anonymous hacker after speaking to them on the phone. Following that conversation, the hacker provided SpankChain with the private key to an address holding the stolen funds and then further helped the company retrieve a few thousand dollars’ worth of funds that had been immobilized during the attack.…

Stock Markets Are Swooning, But Investors Aren’t Turning to Crypto

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Stock Markets Are Swooning, But Investors Aren’t Turning to Crypto October 12, 2018 by Ian Edwards Stock markets around the world have dropped sharply this week. But cryptocurrencies, which some argue could be safe haven during turbulent economic times, haven’t benefited. Yet with global stock markets beginning to look shaky, it’s possible that the thesis could be put to test. Also see: Blockstream’s Liquid Network Bitcoin Sidechain Goes Live Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts A Shaky Week for World Stock Markets This week…

BTC/USD in Weak Upside Correction

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The Bitcoin-to-USD exchange rate has posted slight gains in the Friday session. Currently, the pair is trading above 6300-fiat, up +1.55 percent on the day. The weak upside correction comes after the mainstream stocks underperformed second-day in a row. Nevertheless, the lower market volatility suggests that the Bitcoin correction is only a minor adjustment in price within an overall downtrend. The weekend break in the mainstream market could allow some speculators to switch to crypto’s 24/7 open bazaar, and improve intraday volume. BTC/USD Technical Analysis The prevailing bearish bias indicates…

Auction House Christie’s Trials Blockchain Data Recording in New Partnership

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Christie’s, the auction house with a history going back over 250 years, has announced a pilot scheme to use blockchain for auction data. The result of a partnership with blockchain art startup Artory that was revealed Thursday, Oct. 11, the Christie’s will use the technology to provide details and certificates of purchases to buyers. The plans, it says, were “timed to coincide” with the upcoming $300 million sale of U.S. modernist art in London and Los Angeles this month. Explaining the impetus behind the scheme, Christie’s CIO Richard Entrup said…

Bitcoin Futures Helped Market Reach ‘Sustainable Level’: CFTC Chief

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When derivatives exchanges CBOE and CME launched the first regulated U.S. bitcoin futures contracts, many cryptocurrency bulls thought that this event would lead to a wave of institutional investment and propel the market toward even greater highs. Just days later, the yearlong bitcoin price rally stalled, and the flagship cryptocurrency — followed soon after by the wider market — entered a decline that has continued throughout 2018. According to researchers at the San Francisco branch of the Federal Reserve, the bitcoin futures launch triggered the decline, as it provided institutional…

Introducing The Liquid Network: Blockstream Is Running A Revolutionary Bitcoin Sidechain – Exchanges Want It Badly

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For some time now, there have been a lot of buzz about how the Bitcoin network can be scaled up to better cope with the budding competition from the likes of Ripple and Tron. Just recently, Bitcoin’s Lightning Network went live amid much pomp and big expectations. But there’s another company that’s bent on completely revolutionizing how Bitcoin really works. Blockstream’s Vision Blockstream is a company that majors in blockchain development projects, and it has been working on a new Bitcoin sidechain since 2015. After the company was founded back…

Microsoft Is Pushing New Blockchain ID Products (But There’s Pushback, Too)

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Microsoft is moving to turn blockchain-based decentralized identity from a lofty aspiration into a business line. In a white paper posted this week, the software giant says it intends to develop two products designed to give consumers greater control of their personal data – long the Holy Grail of many technologists in the blockchain space and adjacent industries. One such product is an encrypted personal data store, or “identity hub,” which is a combination of user’s personal devices and cloud storage that Microsoft would offer through Azure, its cloud computing service.…

TRON’s CEO Tweets of Forthcoming Partnership With ‘Industry Giant’ Valued at ‘$10s of Billions’

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Justin Sun, CEO of decentralized internet startup TRON, has hinted at a forthcoming partnership with an unknown firm valued at “tens of billions of dollars.” The tweet, posted Friday, Oct. 12, gives little information, stating that: “Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name.” Twitter followers were quick to join the guessing game: one proposed Alibaba – Sun is a graduate of Alibaba founder Jack Ma’s Hupan university, as his Twitter profile states, to which another replied: “Alibaba is worth more than…

Winklevoss Twins’ Gemini Crypto Exchange Gets Regulatory Green Light for Litecoin Trading

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U.S.-based cryptocurrency exchange Gemini, owned by the Winklevoss twins, has sealed regulatory approval to add Litecoin (LTC) custody and trading. The news comes from an official Medium blog post published Friday, Oct. 12. Gemini’s vice president of engineering, Eric Winer, informs Gemini traders that they can begin depositing Litecoin into their exchange accounts as of 9:30 am EDT Saturday, Oct. 13. Litecoin trading will reportedly go live Tuesday, October 16th at 9:30 am EDT. The coin is set to be the fourth crypto supported on the platform, alongside Bitcoin (BTC),…

Crypto Giant Gemini Hires Former Wall Street COO to Head Operations

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Crypto exchange Gemini has announced the arrival of Jeanine Hightower-Sellitto, who joins the team as the Managing Director in charge of Operations. A former Wall Street COO, Jeanine brings over a decade of experience to the company, which is owned by crypto investment duo Cameron and Tyler Winklevoss. In a Medium post published by co-founder Cameron Winklevoss, it was revealed that Hightower-Selitto will lead the effort to build the new Gemini Marketplace as well as the new client service team. High Profile Capture In the announcement, Winklevoss stated that the…