Day: October 24, 2018

Indian Police Seize ATM Run By Crypto Exchange Unocoin

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Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by local cryptocurrency exchange Unocoin. The Times of India said in a news report on Wednesday that Harish BV, co-founder and chief technology officer of the Unocoin exchange, was arrested on Tuesday while he was attending the crypto ATM which was installed in a shopping mall and revealed on Oct. 14. According to the report, the Central Crime Branch of the local police force seized the ATM, two laptops, a mobile, three credit cards,…

Indian Police Raid Seize ATM Run By Crypto Exchange Unocoin

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Indian police force in the city of Bangalore has raided an ATM operated by local cryptocurrency exchange Unocoin just weeks after it was set up. The Times of India said in a news report on Wednesday that Harish BV, co-founder and chief technology officer of the Unocoin exchange, was arrested on Tuesday as he was operating the ATM which was installed in a shopping mall and revealed on Oct. 14. According to the report, the Central Crime Branch of the local police seized the ATM, two laptops, a mobile, three credit cards, five…

SEC Publishes Details on Recent Meeting For the Bitcoin ETF Proposal from VanEck and SolidX

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In the last few months, a lot has been going around the Bitcoin ETF proposals filed by VanEck and SolidX. Earlier this year in June 2018, derivates marketplace Chicago Board Options Exchange (CBOE) filed for Bitcoin-based exchange-traded-fund (ETF) with the U.S Securities and Exchange Commission (SEC).  The Bitcoin ETF shares are backed by Vaneck Solidx Bitcoin Trust and will trade on regulated U.S. Exchange ‘CBOE BZX’, upon listing. The SEC has sought more public input and comments on the CBOE Bitcoin ETF while shifting its ruling to the year-end. In the latest turn…

Bitcoin (BTC) Price Watch: Is This a Bullish Breakout Yet?

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Bitcoin Price Key Highlights Bitcoin price has been trending lower inside a descending channel visible on its 1-hour chart. Price appears to be attempting an upside break as a few hourly candles are closing above the channel top. Technical indicators may be showing some hints of a pickup in bullish momentum. Bitcoin price is trying to break out of its downtrend but has yet to test nearby resistance levels before sustaining a climb. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to signal that the path…

Coinbase Gets Approval to Offer Crypto Custody Services in the State of New York

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New York state regulators have approved Coinbase Custody Trust Company LLC to roll out their cryptocurrency custody services in the state, according to an official announcement published Oct. 23. The New York State Department of Financial Services (DFS) has authorized Coinbase’s wholly-owned subsidiary Coinbase Custody Trust Company LLC to provide a limited range of custody services for virtual currencies, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP) and Litecoin (LTC). Commenting on the approval, Asiff Hirji, President and COO of Coinbase, stated that “since 2014,…

Largest Chinese Newspaper to Launch Blockchain Lab After New Deal With Tech Company

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The venture capital wing of the official newspaper of the Communist Party of China (CCP) — People’s Daily Online — has signed a deal for a strategic partnership on a blockchain laboratory Oct. 23, according to a press release. People’s Capital signed a deal with Shenzhen-based technology company Xunlei Limited. Per the terms of the agreement, the two companies will construct a laboratory for “technology innovation” at the People Capital’s Blockchain Research Institute. In addition to researching blockchain application in various use cases, the partners will also build a “high-level…

Bitcoin Cash Price Analysis: BCH/USD Struggle Continues Near $450

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Key Points Bitcoin cash price failed to move higher and declined below the $440 support against the US Dollar. Yesterday’s highlighted key bullish trend line was breached with support at $442 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains is currently trading below the $450 resistance and the 100 hourly simple moving average. Bitcoin cash price is still struggling to clear $450 against the US Dollar. BCH/USD could slide once again towards $435 and $430 to fill buy orders. Bitcoin Cash Price Analysis…

HTC Launches Blockchain-Intergrated Smartphone Bought Only in Bitcoin

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HTC, the struggling Taiwanese phone-maker, has launched a smartphone that can be bought only with BTC or ETH. Called the Exodus 1, the smartphone is blockchain-integrated and features a cryptocurrency wallet built into a secure enclave of the device. Also Read: Spain Approves Bill Requiring Disclosure of Cryptocurrency Assets  HTC Sells Its New Cryptocurrency Wallet-Enabled Phone for 0.15 BTC Initially announced in May, the Exodus 1 phone was unveiled in Berlin, Germany on Oct. 22. The handset will retail for 0.15 BTC or 4.78 ETH in early access deals, which is…

FBI: “Call of Duty” Players Remotely Stole $3.3 Million in Cryptocurrencies

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A group of “Call of Duty” players from Indiana are accused of stealing more than $3 million in cryptocurrencies after coercing an Illinois man to aid them in remotely hacking unsecured crypto wallets on more than 100 cell phones. Man Coerced Into Hack After SWATing Incident The episode began in Bloomington, Illinois, where a local man told the FBI he met the members of the would-be group of cybercriminals online playing Call of Duty. In the simulated warfare game, players are able to communicate with each other in real-time and with…

Time to Grab some Bitcoin at any Price, First Targets $8,500

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Traders should mark Oct 22 as a turning point for Bitcoin. Thanks to CFTC giving the ICE the permission to launch Bitcoin Futures and the rumors of SEC approval of Van Eck Bitcoin ETF approval, investors are vibrant. Because of this, it’s likely that Bitcoin shall rally confirming the break out patter of week ending Oct 22. Latest Bitcoin News Yesterday was a pretty solid day for Bitcoin and cryptocurrency investors. From the announcement that the Intercontinental Exchange (ICE), the operators of 12 exchanges including the New York Stock Exchange…