Day: November 15, 2018

Interest in Crypto as Payment Method Makes Small Inroads Among Moscow Residents

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Five percent of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies, according to a recently conducted survey, Forbes Russia reported Nov. 13. The investigation into the e-payment market in Moscow was carried out by Russian payment service Yandex.Money and the Moscow Information Technology Department (ITD). The experts purportedly surveyed 1,000 Moscow residents of various age categories by way of a phone survey. The experts found that among those Moscow residents who use non-cash forms of payment, one percent also use digital currency, while 5 percent…

Four Fake Cryptocurrency Wallets Found on Google Play Store

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Malware researcher Lukas Stefanko has found four fake cryptocurrency wallets on the Google Play Store that were trying to steal users’ personal data, according to a blog post published Nov. 13. The apps were posing as cryptocurrency wallets for NEO, Tether and an extension for accessing Ethereum (ETH), MetaMask. They were purportedly designed to phish users’ mobile banking credentials and credit card information. Stefanko classified the wallets into two groups, wherein the fake MetaMask app was a “phishing wallet” and the other three apps were “fake wallets.” Once the phishing…

Below $200 ETH Mining is Useless, Hash Rate Drop

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After 11 months of relentless bears, statistics from Susquehanna, a US based trading and technology firm has confirmed that mining Ether is no longer profitable. This is mostly due to a relentless bears that have since drove prices from $1400 to $200. Because of this, monthly mining profitability is now zero, down from $150 registered mid last year. The Drop in ETH Mining is Because of Serenity Unlike Bitcoin, Ethereum mining utilizes GPU chip sets. Though they guarantee complete decentralization, Ethereum does not have a predetermined issuance model. Then again…

BCH/USD Could Test $300 or $850 by End Week

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Latest Bitcoin Cash News Today marks the a new beginning or the end of Bitcoin Cash assuming Craig Wright wins the hash rate game and mine empty blocks before Roger Ver mining pools. For all we know, this is going to be a supremacy war. As Craig and Calvin Ayre commit to save the original Satoshi protocol from dissolution, the market is jittery. Therefore, before tomorrow we may witness serious price capitulation and inevitable losses for ordinary investors. Interesting read. Bitmain should stop forcing Hash wars and look after their…

BTC/USD Must Dump before Bulls Reign in 2019

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The Bitcoin FUD It’s a capitulation. It’s the end of Bitcoin. It’s a Bitcoin Sell-off. And it’s true; a typical Bitcoin investor is bleeding right now. But a critical look at price action and historical price movement paints a rosy picture: Prices will most likely recovery and print higher in the next few months. Hello, yes, SEC? Yeah hi, I put all my money in this bitcoin game and I’m not having fun anymore… I’d like to process a refund? I think the man’s name is Satooshi Nakomoku? Yes, I’ll…

Nearly 1% of All Ethereum is Locked in the MakerDAO Smart Contract

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Twitter Facebook LinkedIn MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether  – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. There is now 1,000,000 ETH locked in @MakerDAO smart contracts as of this morning ?. A slight rounding error away from 1% of the total ETH supply. pic.twitter.com/0ePQv6mWKm — Mike McDonald (@mikeraymcdonald) November 13, 2018 MakerDAO is the project behind Dai, a second-generation stablecoin offering which very carefully…

Malaysian MP Urges Gov’t to Create Regulations Before Approving Political Funding Coin

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A Malaysian Member of Parliament has urged the government to implement proper cryptocurrency regulations before undertaking the Harapan Coin (HRP) cryptocurrency project, local English-language news daily the Star reported Nov. 14. Launched by “a group of patriotic and concerned Malaysian citizens, within and outside of Malaysia,” Harapan Coin claims to be the world’s first political fundraising platform deploying cryptocurrency and blockchain technology. The project’s mission is to raise money for the opposition party of Malaysia. The coin’s creators suggest that HRP has the “potential to become an official currency.” Fahmi…

New York Digital Investment Group Subsidiary Acquires New York BitLicense

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The New York State Department of Financial Services (DFS) has granted a BitLicense to NYDIG Execution, according to an official DFS announcement published Nov. 14. NYDIG Execution, a subsidiary of the New York Digital Investment Group LLC (NYDIG), is now legally authorized to operate cryptocurrency-related business and to conduct money transmissions. Through the recent license, the firm is permitted to offer crypto custodial and trade execution services in the jurisdiction of New York state. NYDIG will be allowed to operate as a crypto custodian for five cryptocurrencies; Bitcoin (BTC), Bitcoin…