Day: November 22, 2018

Zaif Exchange Handover Complete as Previous Owner Vows to Dissolve Company

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Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange (FCCE), Cointelegraph Japan reported Nov. 22. FCCE, which agreed to take over proceedings in October, will now assume responsibility for compensating users who lost money in the hack, which occurred Sept. 20 and involved funds worth around $60 million at the time. According to a press release from FCCE, compensation proceedings should begin before the end of this month. No timeframe has yet been set for deposits and withdrawals…

Singapore’s State Investment Firm Backed R3 as Part of Blockchain and AI-Focused Strategy

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Singapore’s state investment firm Temasek Holdings Pte has invested in enterprise blockchain software firm and global banking consortium R3, according to a Bloomberg report Nov. 22. Temasek is a Singapore government-owned investment company, which has reported its Asia-focused portfolio to be worth around S$308 billion ($235 billion) as of spring 2018. Bloomberg today cites an “internal memo,” whose contents have reportedly been confirmed by a Temasek spokesperson, which illuminates the company’s broad investment strategy as of October 2018. It indicates that Temasek is responding to a shifting global investment landscape…

Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains

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Twitter Facebook LinkedIn Over the past 24 hours, the crypto market has lost about $4 billion of its valuation against the US dollar. Major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) extended their losses by 2 to 8 percent. The price of BCH dropped from $236 to $215, by nearly nine percent. In the last two to three hours, BCH, BTC, ETH, and XRP demonstrated a slight recovery in both volume and price, but the momentum of the entire market remains a concern to short-term…

Options Are the Answer for Dealing with ‘Bearish’ Crypto Market, Trading Platform Says

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A new blockchain asset trading platform says it is determined to help investors navigate the “bearish” cryptocurrency market – and says options could enable traders to protect and grow their assets. Options are a form of financial derivative where buyers have a right to buy or sell a financial asset at an agreed-upon price for a set amount of time. However, as part of these contracts, they are not obligated to complete a transaction. According to JEX, the platform which is bringing options trading to the cryptocurrency world, this method helps…

Launch of Personal Tokens – the platform for tokenizing people

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Now everyone can easily issue their own token. Launch of Personal Tokens – the user-friendly platform for tokenizing people. Personal Tokens is an innovative platform where you can easily verify and tokenize yourself. Based on the believe that a personal token issuance is a basic human right and that by decentralizing money issuance fairer and more equal society is being built, the Personal Token platform is creating an infrastructure for the new emerging economy based on privately issued tokens backed with real people. Tokens might be created by anyone, and…

Coinbase Faces Fresh Bitcoin Cash Insider Trading Lawsuit Following Initial Rejection

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Users who filed a class action lawsuit against U.S. cryptocurrency exchange and wallet provider Coinbase will now go to court Jan. 31, 2019, new court documents filed Nov. 20 confirm. The lawsuit, which Jeffery Berk filed earlier this year to address alleged insider trading of Bitcoin Cash (BCH) among Coinbase officials in 2017, failed to make it to trial in October. As Cointelegraph reported, District Judge Vince Chhabria threw out Berk’s claims due to the failure to “describe the scope or content of Coinbase’s duty.” Now, an amended version of…

Further Charges Levelled at Suspects in Alleged Cryptocurrency Investment Scam

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Police in the northern Indian city of Chandigarh have filed a chargesheet against four suspects accused of scamming a victim out of ₹6-10 crore ($0.8 – 1.4 million) in a cryptocurrency investment fraud, local English-language broadsheet the Times of India reports Nov. 22. b. The four accused are the main suspect, Amit Bhardwaj, his brother, Vivek Bharadwaj, Pankaj Adlakha, and Hemant Bhope. According to the Times of India, an earlier chargesheet against two men alleged to have “direct links” with A. Bhardwaj had been filed in the city of Delhi.…

Singapore to Offer Seed Funding to Enterprises to Boost Blockchain Adoption

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Twitter Facebook LinkedIn The government of Singapore will offer financial incentives in order to grow the blockchain ecosystem in the country. According to The Business Times, the Infocomm Media Development Authority (IMDA) which falls under Singapore’s Ministry of Communications and Information will offer seed funding to players in the media and ICT sector. This is with a view of incentivizing them to develop platforms which link special interest groups in the blockchain space, solution providers as well as other related groups. In order to obtain seed funding from the IMDA,…

Bitcoin Price Watch: BTC/USD Buyers Aim $4,950 In Short Term

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Key Points Bitcoin price is slowly recovering and it is currently placed above $4,400 against the US Dollar. There was a break above a short term contracting triangle with resistance at $4,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may perhaps continue to rise towards the $4,760 and $4,934 levels in the near term. Bitcoin price is forming a decent support above $4,400 against the US Dollar. BTC/USD is likely to recover towards $4,934 in the short term. Bitcoin Price Analysis Yesterday, we…

IBM and Columbia University Launch Two Blockchain Startup Accelerators

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Twitter Facebook LinkedIn On Nov. 19th, 2018, IBM and Columbia University announced the introduction of two new blockchain startup accelerators as critical components of their center for research, education, and innovation in blockchain technology and data transparency. IBM Network and Columbia Launch to accelerate industry adoption The joint venture, part of the Columbia-IBM Center for Blockchain and Data Transparency, will provide 20 entrepreneurs and blockchain network founders worldwide with access to the assets, knowledge, and support they need to build sustainable blockchain businesses and enterprise-grade blockchain networks. IBM’s Network Blockchain…