Day: November 13, 2018

Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack

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Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM (XEM) crypto token trading after a restructuring of its platform by external “security experts,” South Korean news outlet FNNews reports Nov. 13. In January of this year, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. This latest development from Coincheck reveals the exchange has “joined the Japan Security Association and is “ready to renovate its image.” Alongside NEM trades, the platform has also opened support for Ethereum (ETH) and…

Bitcoin News Crypto Currency Daily Roundup November 13

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The rundown: Bitcoin and all major currencies were down in the morning; The Jakarta Futures Exchange will build an Indonesian regulated blockchain exchange; Digital marketing technology firm Scoota selects blockchain partner Ternio to facilitate transparency within its programmatic ad campaigns; KPMG LLP partners with Blockchain in Transport Alliance to help develop blockchain standards for the transportation industry; and more. Here is what is happening in the cryptocurrency market on Tuesday. SEE: End Of Era For South Korea’s Exchange And First Ever Platform For Cryptocurrency Investment Fund Zeniex SEE: Buy Petro…

Upbit is on expansion drive; to feed the increasing demand for crypto

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Increased interest in digital assets is one of the reasons South Korea’s Upbit is on an expansion drive. Reportedly, the exchange is planning for an additional exchange in Indonesia and another in Thailand. Local media reports indicate that Upbit is seriously marketing the new exchanges. The company has already set up websites in the local languages in which the exchanges will operate. In particular, Upbit details that the Thai exchange will list 131 tokens with 241 trading pairs. The Indonesian exchange will list 156 cryptocurrencies alongside 276 trading pairs. According…

Ripple Lawyers Try to Move Securities Lawsuit to Federal Court in ‘Slick’ Move

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Lawyers representing payment startup Ripple in its ongoing securities lawsuit are trying to move the case to a U.S. federal court in a show of what one legal commentator described as “tactical brilliance” Nov. 9. Court records confirm the application to move the case from state to federal level, which would allow Ripple to prove definitively that its XRP token is not a security under U.S. law, should it win. In the removal filing, litigation partner Peter Morrison said the case “meets each of (the) requirements” needed to allow the…

‘Future of Real Estate’ Gets Regulatory Approval

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A blockchain-based startup which bills itself as “the future of real estate” has announced that its project has been legalized by Japanese regulatory bodies, including the Securities and Exchange Surveillance Commission. Ruden Holdings says inaccurate information, poor record management and inefficient processes are currently blighting the property sector – costing businesses time, money and even credibility. Data cannot be shared easily between organizations – and some cases have seen property owners struggle to prove their ownership of a building. The company has a goal of creating digital identities for real…

XRP Posts 6% Gains as Japan and Brazil Adopt Ripple Tech for Payments

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Twitter Facebook LinkedIn Ripple’s XRP token has a posted a 6 percent profit to establish a fresh weekly high towards $0.534. The bullish behavior also got the coin close to replacing Etherum as the second-largest cryptocurrency by market cap. SOURCE: TRADINGVIEW.COM The XPR/USD value appreciated from 0.506-fiat to 0.535-fiat on Monday. The price action underwent a weak downside correction later. It found support at 0.516-fiat and is since hinting a further upside bias. The pair is now trading at 0.532-fiat, looking to reclaim the weekly high, followed by a breakout towards…

Opposing Bitcoin ABC and Bitcoin SV Factions’ Debates Grow Heated as the Bitcoin Cash Hard Fork Draws Closer

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Born out of the original Bitcoin blockchain on August 1, 2017, Bitcoin Cash (BCH) has split the cryptocurrency community into warring factions with their own arguments, verbal skirmishes, leaders, convictions and occasional get-togethers. On November 15, BCH developers are preparing to undergo its next hard fork, a split of the blockchain, which can give birth to new tokens named Bitcoin SV (Satoshi’s Vision), Bitcoin Unlimited and Bitcoin ABC. How Bitcoin Cash appeared The Bitcoin evolution has been constantly debated within the developers community, who had opposing views on what technology…

Australia’s Biggest Bank Trials Blockchain-Based ‘Smart Money’ for Disability Insurance

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The Commonwealth Bank of Australia (CBA) and government-run digital innovation center Data61 have released the results of their trial for a blockchain-powered “smart money” system for Australia’s National Disability Insurance Scheme (NDIS). The development was reported by local financial and business news platform Business Insider Australia today, Nov. 13. Data61 is a digital innovation hub that forms part of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) — an Australian government corporate entity that undertakes scientific research to advance diverse local industries. The $93.5 billion market cap CBA is the…

Bitcoin Back on the Defensive After Price Hits Two-Week Low

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Bitcoin’s (BTC) price dropped to two-week lows earlier today and could extend the decline to key support near $6,100, technical charts indicate. The leading cryptocurrency was teasing a bullish move 24-hours ago, having carved out a lower high of $6,270 along the support of the trendline connecting the Oct. 11 low and Oct. 31 low. The defense of the key trendline support was also backed by a bullish divergence of the MACD (moving average convergence divergence) histogram. Even so, BTC failed to pick up a bid, possibly due to sharp…

Cryptocurrency Exchange Bithumb to Give Away Bitcoin, Ether, and XRP in Airdrop Event

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Bithumb, one of the biggest cryptocurrency exchanges in South East Asia and Korea in particular, has announced a ‘Super Airdrop Festival’ that any registered trader can participate in. In a Twitter post published November 12, 2018, the company said that the highlight of the event is a giveaway involving 15 BTC. This will be given to a random Bithumb member that logs in between November 12, 2018, and December 11, 2018.  Bithumb’s Super Airdrop Festival The accompanying article explained that BTC worth 100 million Won would be given to a…