Top Coins See Mixed Signals, Mostly Trading Sideways

Wednesday, Nov. 7: most major coins are slightly down today, with Bitcoin (BTC) holding on to this week’s growth. The markers are seeing mixed signals as of press time, with most top coins trading sideways, up or down by around one percent. Market visualization from Coin360 BTC is up 1.3 percent over the last 24 hours, and trading at around $6,527 at press time. The leading digital currency have seen insignificant volatility during the day, having dropped to as low as $6,441, while the intraday high reached $6,531. In terms…

EToro Rolls Out Cryptocurrency Wallet

Israeli social trading and investing platform eToro rolled out its own cryptocurrency wallet, to be launched in a phased manner, on the basis of user, country and functionality. The wallet is provided by eToro’s Gibralter-based subsidiary eToro X Ltd. The wallet, available for download on Google Play and the Apple App Store, provides a customer interface which claims to show on-blockchain transactions and balances without losing users’ private key. The transfer of crypto assets from eToro to the wallet will initially be available only to the Platinum Club member users…

Maduro Bankrupted Venezuela — Now He’s Launching a Petro Savings Plan

Twitter Facebook LinkedIn The Venezuelan government has recently launched a Petro savings plan that allows the country’s citizens to put their money into the oil-backed cryptocurrency and “save by means of a certificate.” Venezuela Launches Petro Savings Plan for 18 Million Citizens According to local news outlet Telesur, the savings plan is part of the “Comprehensive National Cryptoasset Plan,” and will in its initial phase “make available” 4 million petros, equivalent to 14,400 million sovereign bolivars, the country’s fiat currency. The amount equals $240 million. The savings plan is set…

Winklevoss Lawsuit | Lawyer States Shrem Committed ‘No Misconduct’

Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin Foundation founder Charlie Shrem of Bitcoin fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties. Winklevoss Lawsuit According to the report by the NT Times, Shrem made several lavish purchases in 2018, that caught the attention of the Olympian twins. The pair filed a civil lawsuit against Shrem accusing him of stealing thousands of Bitcoin from them in 2012. “Either Shrem has been incredibly lucky and successful since leaving prison, or—more likely—he…

DLT Can Help Regulators Better Oversee Markets

The U.S. Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo said in a speech Nov. 7, that technological advances, including Distributed Ledger Technology (DLT), could help regulators better oversee trading markets. Giancarlo delivered his speech titled “Quantitative Regulation:  Effective Market Regulation in a Digital Era” at the FinTech Week conference at Georgetown University Law School. The chairman addressed emerging digital technologies, such as DLT, big data, automated data analysis, and artificial intelligence (AI), and their impact on trading markets and the financial landscape. In terms of applying these technologies to…

Will Recent Economic Sanctions Drive Iran to Cryptocurrency?

A recent FinCEN advisory has stated that the re-imposition of economic sanctions on November 5 could drive Iran to get more serious about the cryptocurrency experiments it began in 2013. Could Iran Follow North Korea’s Lead Evading Sanctions Using Crypto? Iran has made little secret of its interest in cryptocurrency. The nation is believed to have been exploring the financial technology’s use since 2013. In an advisory issued on October 11, the U.S. Financial Crimes Enforcement Network (FinCEN) stated that the Gulf State may be forced to increase its forays…

Hackers Exploit Tracking Service to Infiltrate Bitcoin Exchange Gate.io

Twitter Facebook LinkedIn Statcounter is one of the oldest third-party user tracking services on the web, having existed since 1999. Beginning as a simple statistics and visitor counting service, Statcounter over time grew into what it is today: a full-fledged, enterprise-quality analytics service. Gate.io, a more recent entrant in the bitcoin exchange space, used Statcounter to track user traffic until this week when a security researcher named Matthieu Faou discovered a breach in the Statcounter JavaScript file which was specifically targeted at Gate, capturing and hijacking bitcoin transactions made through…

Bit.ly Says It ‘Does Not Block Cryptocurrency Sites,’ Fixes Links For Andreas Antonopoulos’ Book

On November 3, renowned Bitcoin advocate, Andreas Antonopoulos, took to Twitter to claim that URL shortening service, Bit.ly (Bitly), had blocked crypto-related links from his upcoming book. Cointelegraph has reached out to Bitly, and learned that the links “had been inadvertently blocked,” while the company has reportedly resolved the issue. Nevertheless, crypto-related bans still exist in mainstream media. ‘Why are you blocking links to cryptocurrency sites?’ Antonopoulos, author of several well-known guides to cryptocurrencies, including “Mastering Bitcoin”, called out Bitly on Twitter, revealing details of the block. The company allegedly…

Companies Dropping The Term ‘Blockchain’ Due to Hype Around Technology

A new report from Forrester Research states that some companies are stopping to use the term “blockchain” because they think it is overhyped, business magazine Fortune reported Nov. 6. In the report dubbed “Predictions 2019: Distributed Ledger Technology,” analysts purportedly found that companies have started to withdraw “blockchain” in favor of “distributed ledger technology” (DLT). The study reportedly found that many firms are overhyping the usefulness of blockchain or using the name of the technology to repackage existing services, a practice the report describes as “blockchain washing.” The report also…

As ‘Plasma’ Stalls, SNARKs Become New Hope for Scaling Ethereum Now

Efforts to scale ethereum, the world’s second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum’s best bet for short-term scaling. Already, researchers behind the tech have built five distinct versions of the protocol – but within these multiple iterations, there’s evidence that work isn’t proceeding as originally hoped, with little actionable code being put together well over a year since its inception. As plasma slows, however, attention is being…