Day: December 6, 2018

Bitcoin Scams: Singaporeans Losing Thousands of Dollars to Crypto Fraudsters

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Singapore authorities recent report that residents have lost about $78,000 to fraudulent online platforms in three months. Online Cryptocurrency Scam Using Fake Personalities The Straits Times reports that Singapore residents have fallen victim to some online Bitcoin scams in a couple of months, losing up to $78,000 between September and November 2018. The police claimed that unsuspecting Singaporeans were the target of these investment scams. The authorities stated that these scams came in the form on paid online ads and had pictures of famous Singaporean celebrities/personalities. These personalities are portrayed…

US Energy Initiatives Corp Inc Now Owns $5.1 Million Sumcoins

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US Energy Initiatives Corp Inc (OTCMKTS:USEI) enters into the cryptocurrency space and it now owns $5.1 million in sumcoins. The horizontally diversified energy company traded its shares for 52,766.66 sumcoins back in 2017. Sumcoins Sumcoin is a decentralized digital token like a BTC and LTC but different in the sense that its value is pegged to the sum of the market capitalizations of the leading 100 cryptos, hence sumcoin. This attribute makes the token slightly more stable compared to other conventional cryptos. Ty Jacobsen, the man behind the atcoins’ invention…

Ripple Price Analysis: XRP/USD Recovery Remains Capped Near $0.3500

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Key Highlights Ripple price declined sharply and traded towards the $0.3250 level against the US dollar. This week’s followed key bearish trend line is still active with resistance at $0.3420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to face a lot of hurdles near the $0.3420, $0.3465 and $0.3500 levels. Ripple price traded to new weekly lows against the US Dollar and Bitcoin. XRP/USD is likely to struggle to break the $0.3465 and $0.3500 resistance levels. Ripple Price Analysis There were…

South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

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It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted at various levels of government. In particular, native major tech firm and blockchain development company Tech Mahindra’s Eleven01 gets a lot of love in the region. They’ve now entered a partnership with APIS to promote blockchain in using all means…

South Indian Government’s ‘Innovation Society’ to Promote Blockchain Development

boss

It seems not every government official in India has an eye toward draconian or restrictive blockchain regulation, as we’ve seen this year from some in the country’s government. In the southern state of Andhra Pradesh, where they have the APIS – Andhra Pradesh Innovation Society, blockchain is being actively promoted at various levels of government. In particular, native major tech firm and blockchain development company Tech Mahindra’s Eleven01 gets a lot of love in the region. They’ve now entered a partnership with APIS to promote blockchain in using all means…

2018 Bitter Year for Bitcoin

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2018 bitter year for Bitcoin as there is a high likelihood for it to register the biggest loss in the calendar year since it was created. For the year 2018, Bitcoin started with close $14,100. However, at the time of writing this article, Bitcoin is being traded under $3,675.54, presenting an almost 73% price margin drop the biggest loss ever registered during a specific year. A few weeks ago, Bitcoin traded close $6,300. A price that was relatively stable and Bitcoin had from August until November, with the exception of…

Bitcoin Cash Price Analysis: BCH/USD Primed To Test $100

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Key Points Bitcoin cash price is under a lot of pressure after it broke the $150 support against the US Dollar. There is a major declining channel formed with resistance near $135 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently trading near $125 and it may slide further towards the $100 level in the near term. Bitcoin cash price registered heavy losses from the $200 swing high against the US Dollar. BCH/USD could continue to move down towards the $100 level. Bitcoin…

Thai Cryptocurrency Exchange Set to Launch Security Token (STO) Offering Despite Bitcoin Price Slump

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Despite the chilling crypto winter, bitcoin-friendly Thailand remains enthusiastic and determined to hodl on. As first reported by Nikkei Asian Review on December 4, 2018, the highly reputed Thai cryptocurrency exchange, Satang Corp. has announced plans to launch its security token offering (STO) by early 2019, and the government of Thailand fully supports it. Satang Exchange Joins the STO Movement Per sources close to the matter, Satang Corp., a leading cryptocurrency exchange and trading venue, will be organizing an STO for the first quarter of 2019 to raise $9.9 million…

Ethereum Classic Price Analysis: ETC/USD Remains Sell Near $4.40

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Key Highlights Ethereum classic price declined further and even broke $4.00 against the US dollar. There is a key bearish trend line formed with resistance at $4.10 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair is likely to find sellers near $4.10, $4.20 and $4.40 if there is an upside correction. Ethereum classic price extended losses against the US Dollar and Bitcoin. ETC/USD remains sell on rallies if there is a recovery towards the $4.40 level. Ethereum Classic Price Analysis In the last analysis,…

Ethereum Price Analysis: ETH/USD’s Massive Breakdown Below $100

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Key Highlights ETH price seems to be approaching a massive breakdown below $100 against the US Dollar. There is a crucial bearish trend line in place with resistance at $106 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to break the $100 and $95 levels in the near term if sellers remain in action. Ethereum price is facing heavy selling pressure against the US Dollar and bitcoin. ETH/USD is likely to decline further as long as it is below $106 and $110. Ethereum Price…