Day: November 20, 2018

Imaginative Ways to Buy Crypto, Explained

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1. A lot of this depends on which cryptocurrency you’re buying, how much you want, and where you are based. As long as you are in a country which hasn’t banned purchasing digital currencies (attitudes vary around the world,) you’ll probably be able to use a crypto exchange. There are dozens of outlets to pick from, and each support different fiat currencies – meaning you can get your hands on Bitcoin, Ethereum and others irrespective of whether you use US dollars, euros, pounds or Japanese yen as a payment method.…

OKEx Rebuffs Market Manipulation Claims Over Early Bitcoin Cash Futures Settlement

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The world’s second-largest cryptocurrency exchange OKEx hit back at accusations it “manipulated markets” by adjusting Bitcoin Cash (BCH) futures settlements in a fresh statement Nov. 20 sent to Cointelegraph. The exchange, which opted to deliver BCH futures early due to the coin’s contentious hard fork Nov. 15, subsequently saw a barrage of negative publicity over the decision, pundits complaining it had overstepped its remit in freely deciding when and how futures contracts would be settled. In particular, a dedicated Medium post by an entity calling itself AMBER AI accused OKEx…

Greek Supreme Court is Violating Alleged Bitcoin Launderer’s Rights, Lawyer Argues

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The lawyer representing the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, has accused the Greek Supreme Court of “grossly violating” his rights, major Russian state-owned news agency TASS reported Nov. 19. 39-year old Russian national Vinnik, a.k.a “Mr. Bitcoin,” was indicted by U.S. authorities and detained in Greece on July 25, 2017 on criminal charges of fraud and laundering up to $4 billion in Bitcoin (BTC) via BTC-e. Russia and France have since both sought the defendant’s extradition in regard to a further series of fraud allegations.…

Bearish Sentiment Mounts As Bitcoin (BTC) Plunges Below $4,400

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When an overwhelming number of cryptocurrency investors thought it couldn’t get any worse, it did. Bitcoin (BTC), after falling under $5,800 on November 14th, continued lower on Monday and Tuesday morning, moving under a multitude of supposed support levels at $5,000, $4,800, and, most recently, $4,400. Altcoins, save for XRP, followed close behind ‘big daddy Bitcoin’, posting similar losses of 15%, or even more in acute cases of ‘bear market bowel syndrome’. Keeping this tumultuous price action in mind, crypto investors have done their best to discern where this nascent market could be headed next. And sadly,…

Applying Blockchain to Solve the Funding Problem for SMEs

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Applying Blockchain to Solve the Funding Problem for SMEs November 20, 2018 by Bitsonline Guest Contributor Small and medium-sized enterprises, otherwise known as SMEs, are the lifeblood of economies all over the world. But ensuring that they reach their full potential is an issue that has remained without a viable solution for decades. Could blockchain be the answer? – Guest article by Peter Edgar, CEO Investx Also read: Binance CEO CZ Upbeat on Crypto Despite BCH Wars, Low Trading Volume Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders &…

Bitcoin Price Watch: BTC/USD Nosedives 15%, $4,000 Next?

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Key Points Bitcoin price fell significantly and declined below the $5,000 and $4,600 supports against the US Dollar. There are two bearish trend lines formed with resistance near $4,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to accelerate losses towards the $4,200 and $4,000 levels in the near term. Bitcoin price traded to multi month low below $4,500 against the US Dollar. BTC/USD could continue to decline towards the $4,000 support area. Bitcoin Price Analysis Yesterday, we discussed the chances of…

Digital Currency Use Won’t Replace Cash for Three-Five Years

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The governor of the Bank of Thailand (BoT) has said that it will take three to five years for countries to switch from using cash to using digital currencies. The bank governor’s comments were reported by the Thai News Agency (TNA), a subsidiary of the Thai state-owned public broadcaster, Nov. 17.   The central bank’s governor, Dr. Veerathai Santiprabhob, stated that digital currency would not replace fiat currency right away “because of complication[s], a readiness of people and an efficiency of technology.” Although the BoT has not issued a central…

Trezor Urges Caution After Discovery of Hardware Wallet ‘One-For-One Copies’ On Sale

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Cryptocurrency hardware wallet manufacturer Trezor issued a warning to users Nov. 19 after making what it called the “startling” discovery that rogue actors were creating and selling fake devices. Trezor, which together with Ledger and KeepKey forms one of the oldest and best-known wallet manufacturers, said that an “unknown” third party was distributing “one-to-one copies” of its flagship Trezor One device. “Trezor clones have been released over the years of our activity,” officials said, noting: “However, in recent weeks, we have discovered something more startling. A one-to-one copy of Trezor…

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

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OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 2018, while OKEx’s decision was not illegal, it was highly unusual and highlights the dangers of participating in an unregulated industry. OKEx Justifies Early Delivery On November 14, 2018, as Bitcoin Cash’s prices were falling, OKEx quickly settled Bitcoin Cash futures contracts almost without warning. According to OKEx’s blog post, the cryptocurrency exchange brought the delivery…

IBM and Intel’s Blockchain Tug of War

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When the governing board of Hyperledger approved a new supply chain project earlier this month, it marked a significant departure for the open-source blockchain consortium. Sawtooth Supply Chain, as the project is provisionally called, breaks new ground because it’s arguably the consortium’s first to really inhabit the application layer of the software stack. It’s built on top of the Sawtooth framework, which Intel contributed to Hyperledger. Prior to this, Hyperledger confined its work to the lower layers and eschewed the custom-design of blockchain application code with industry players in mind. That…