Day: October 16, 2018

Brazilian Presidential Candidate Uses Blockchain to Publish Government Plan

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Fernando Haddad, the presidential candidate for the Brazil Workers’ Party, has published his government plan via blockchain, per an announcement published on his website Oct. 14. According to the release, Haddad decided to use blockchain technology for disseminating information about his presidential campaign after a long-term struggle with fake news reports. As information stored on a blockchain cannot be altered or compromised, he decided to store the data on a decentralized platform. The release also notes that Haddad used “free software” in Sao Paulo where he served as mayor from…

Coinbase Now Lets You Buy and Sell Ethereum Token 0x

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Barely a week after adding support for the 0x Protocol token (ZRX) on its professional investor platform, crypto exchange Coinbase is enabling full trading for retail investors. The exchange announced Tuesday that coinbase.com, Android and iOS app users would be able to trade, buy, sell or store ZRX, after initially announcing that Coinbase Pro would support the token on October 11. ZRX is the first ERC-20 token to be listed by the exchange. At the time, the exchange said it would list the token on retail platforms at a later…

Bitcoin Price Intraday Analysis: BTC/USD Holds $6,400 Floor

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The bitcoin-to-dollar exchange rate is holding above 6400-fiat as it goes towards testing major resistance hurdles to the upside. The pair moved 1.5 percent above its intraday low near 6346-fiat on Coinbase Pro while trading at over 7 percent premium rates on Tether-featuring exchanges. The volume, however, slowed down in contrast to Monday’s wild swings, indicating that serious traders waited for things to return to normalcy. As a result, Tuesday’s bitcoin trading session on non-Tether exchanges remained comparatively calmer. BTC/USD moved marginally throughout the Asian and the European trading hours.…

Russian Accused of Hacking Public Servers to Mine Bitcoin Faces up to Five Years in Prison

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A 21-year-old Russian from the Siberian city of Kurgan is facing criminal charges for illegally mining Bitcoins (BTC) via government-owned servers, local news agency Ura.Ru reports Tuesday, October 16, citing the regional office of Russia’s Federal Security Service (FSB). The investigation found that the man hacked public administration servers in three Russian regions. The breach was discovered when the Internal Security Division in the city of Yaroslavl noticed the intruder’s attempt to hack their equipment. The alleged hacker was then charged with deliberate use of software that “neutralizes” a computer’s…

Bitfinex Introduces ‘New, Improved’ Fiat Deposit System Following Last Week’s Suspension

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Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system, shortly after temporary suspension of deposits last week, according to an official blog post Tuesday, Oct. 16. Last week, on Oct. 11, Bitfinex temporarily halted fiat deposits in four fiat currencies – the Euro (EUR), U.S. Dollar (USD), Japanese Yen (JPY), and Pound Sterling (GBP) – without specifying a reason for suspension and claiming that fiat deposits are “expected to resume within a week.” Yesterday, October 15, the crypto exchange posted an update on fiat deposits, explaining that Bitfinex…

Tether Found a New Bank, and it Might be in the Bahamas: Report

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Tether, the controversial issuer of the USDT cryptocurrency, may have found a new banking partner in the Bahamas. Tether May Have a New Bank As first reported by The Block’s Larry Cermak, Tether — whose USD-pegged cryptocurrency has a market cap in the billions of dollars — is said to be holding its fiat reserves at Deltec Bank, which is based out of Nassau. Those reserves, according to the company, are quite large. As of Tuesday morning, there are more than 2.25 billion USDT tokens in circulation, representing $2.25 billion…

Australian State of New South Wales Mandates Land Registry Shift to Blockchain by 2019

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The government of the Australian state of New South Wales (NSW) is set to complete a proof-of-concept (PoC) for a blockchain-based land registry system by summer 2019, ZDNet reported October 15. The new PoC is expected to be completed by the NSW Land Registry Services – together with Stockholm-based blockchain startup ChromaWay – by early 2019. The NSW state government is said to have given its official mandate for the Registry to shift to the new blockchain-based eConveyancing system by July. The NSW Land Registry Services maintains the system that…

Crypto Markets See Calm as Most Coins Consolidate Recent Gains

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Tuesday, Oct. 16: Crypto markets are seeing some stability today following yesterday’s market upsing, with virtually all of the major cryptocurrencies seeing only minor price changes, both red and green, as of press time. Tether (USDT) has meanwhile seen a recovery, having yesterday slipped from its U.S. dollar peg to trade well below its historical price range, briefly dipping as low as $0.925. Market visualization by Coin360 Bitcoin (BTC) is trading at $6,580 at press time, down close to 1 percent on the day, according to CoinMarketCap. During a short-lived…

Tether Market Cap Sinks to $2.2 Billion as $250 Million Exits Circulation

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The loss of its U.S. dollar peg isn’t the only thing driving down the market cap of tether (USDT), the cryptocurrency market’s largest “stablecoin.” Tether Falls Below Dollar Parity The USD-backed token, which as recently as late August had a circulating valuation of nearly $2.9 billion, is now worth just $2.2 billion, representing a two-month decline of nearly 25 percent. A portion of that decline is a direct result of USDT’s price falling below the $1.00 in assets that are supposedly backing each token. As CCN reported, the USDT/USD peg…

Mike Novogratz: Bitcoin Rally Likely to Start in 2019

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Photo: Pavlos Giorkas / Flickr Analysts in the cryptocurrency market just can’t stop talking about especially after its unprecedented rally last year. However, this year of 2018 has been a roller-coaster ride for Bitcoin investors. Moreover, due to the high unpredictability and volatility of Bitcoin, analysts have been shifting their target goal posts frequently. Just 20 days back from now, Bitcoin bull Mike Novogratz said in a CNBC interview that Bitcoin can reach $10000 by the year-end. However, Novogratz is yet again seen shifting his price targets for Bitcoin. While…