Day: November 30, 2018

Wall Street Boss: Bitcoin (BTC) “Has Lived In A Swamp And Survived” – It’s Here To Stay

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For the last few weeks, Bitcoin hasn’t seen shiny days as its value keeps swinging up and down within a short range. The start of the market crash saw the top crypto lose a whole 40% of its market value. Its market capitalization also took a huge hit, going down to around $70 billion from the previous levels of over $100 billion. However, despite the current volatility plaguing the crypto market, Bitcoin is still scoring points from various support quarters. NYSE Chairman Roots For Bitcoin One of the most recent…

Interest in Bitcoin (BTC) is Growing According to Google Trends

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After an important recovery from a sharp fall in prices, public interest in Bitcoin rose dramatically to a 4-month high. According to Google Trends, the highest level of interest for this period was recorded a week ago, and since then, the trend has remained above normal levels. Google Trends bases its statistics on the number of searches related to a given word. During 2017, the term “Bitcoin Price” was one of the most searched terms in the “news” section in the United States. For its part, “How to buy Bitcoin”…

Crypto Markets See Persistent Red, Bitcoin Briefly Dips Below $4K

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Friday, Nov. 30 — After a short-lived spike earlier this week, the crypto markets are today back in the red, with virtually all of the top 20 cryptocurrencies seeing losses within a 4 and 10 percent range, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has had a volatile week, jaggedly trading between its low of around $3,600 (Nov. 25) and high of $4,400 (Nov. 29). As of press time, the top coin is at $4,037, down 6.3 percent on its 24-hour chart, according to CoinMarketCap. Today’s…

High Tech Park Releases ‘Complete Legal Regulations’ for Cryptocurrencies

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Belarus High-Technologies Park (HTP), a national special economic zone contributing to the IT business, has established the rules for the operation of the cryptocurrency market in the country, according to documents published by HTP Nov. 30. The regulatory documents define the requirements for various types of businesses related to cryptocurrencies and Initial Coin Offerings (ICO), as the general rules for industry regulations — Decree No. 8 “On the Development of the Digital Economy” — had already been signed last year. The HTP, commonly known as the Belarusian Silicon Valley, was…

Chinese Mining Giant Bitmain Releases ‘Crypto Index’ Tracking Bitcoin, 16 Altcoin Prices

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Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. In a methodology overview, Bitmain said the product was “developed to provide institutional and retail investors with a transparent, timely, methodology-based, and investable benchmark of the most active cryptocurrencies traded globally,” explaining: “The Index is solely…

Unbound Releases Bank-Grade Security Solution Via Blockchain-Crypto-MPC Library

Security is one of the major issues hindering the full potential of cryptocurrency. However, Unbound Tech seems ready to take on the problem. In a news release, Unbound announced the release of blockchain-crypto-mpc which is open source and available on Github. The security solution is available via Secure Multi-Party Computation (SMPC). Dubbed the Unbound Crypto Asset Security Platform (CASP), the solution uses security that shows mathematical validity. A blockchain-crypto-mpc for high level security The solution provides various entities with high-level security. Potential users of the security feature include banks, crypto…

blockchain-crypto-mpc; a security solution that is best in class

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Security is one of the major issues hindering the full potential of cryptocurrency. However, Unbound Tech seems ready to take on the problem. In a news release, Unbound announced the release of blockchain-crypto-mpc which is open source and available on Github. The security solution is available via Secure Multi-Party Computation (SMPC). Dubbed the Unbound Crypto Asset Security Platform (CASP), the solution uses security that shows mathematical validity. A blockchain-crypto-mpc for high level security The solution provides various entities with high-level security. Potential users of the security feature include banks, crypto…

AriseCoin cryptocurrency scam; pooled over $4.25million in six months

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The FBI agents arrested the CEO of AriseBank on Wednesday after an indictment for fraud. Jared Rice, Sr. allegedly ran the AriseCoin cryptocurrency scam that fleeced investors of over $4.25 million. This is according to an announcement by Erin Nealy Cox, the U.S. Attorney for the Northern District of Texas. Interestingly, Mr. Rice was already a defendant in a civil action brought to court by the SEC. The lawsuit, filed earlier this year specifically sought restraining orders to stop Rice from running an initial coin offering (ICO). Crypto-focused products According to…

American Tech Giant Intel Files New Patent for Energy-Efficient Bitcoin Mining

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U.S. technology giant Intel has filed a new patent for “energy-efficient high-performance Bitcoin mining,” according to a U.S. Patent and Trademark Office (USPTO) filing published Nov. 27. The Intel patent is dedicated to a “hardware accelerator implementing SHA-256 hash using optimized data paths” and aims to reduce energy for Bitcoin (BTC) mining up to 15 percent, according to the publication. The documents states that “clusters of SHA engines may consume a lot of powers (e.g., at a rate of greater than 200 W),” adding: “Embodiments of the present disclosure include…

German Private Equity Fund Targets Bitcoin Mining аs Clients Demand ‘Regulated Product’

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German alternative investment fund manager Xolaris Service KVAG has launched a private equity fund dedicated to Bitcoin mining, the company confirmed in a press release Nov. 29. Xolaris, which has undertaken various expansion measures including the opening of a Hong Kong office in July, says client demand to access the sector continues despite the downturn in Bitcoin (BTC) prices. The fund will feature a minimum investment entry of €250,000 ($285,000), with a planned issue volume of between €30 million and €50 million ($34 million – $57 million). “We’ve constantly received…