Day: January 7, 2019

Monero “Mistake”—Now You Can’t Pay for Fortnite Merch with Monero

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If you were excited about Friday’s news about Monero (XMR) being accepted on the Retail Row store, well, sorry to break the bad news, but according to CEO of Epic Games, Tim Sweeney, it was all a “mistake.” Oops, but also… how? Monero Mistake Over the weekend, the CEO of Epic Games—the creators of 2018’s biggest game, Fortnite—admitted that adding Monero as a payment method on the games online store was a “mistake.” And not a ‘Now that I have reflected on my actions I believe I chose the wrong course of action’ mistake,…

Fourth Suspect Arrested Following Alleged $70+ Million Crypto Scam

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Indian police have arrested an associate of a group accused of conducting a crypto scam involving 5 billion rupees (about $71.6 million), English-language local media The Indian Express reports Jan. 7. This is the fourth arrest of the ongoing case and reportedly occurred a year after Thane police uncovered the alleged scam in Mumbai. The man, Rohit Kumar, has reportedly been arrested by Delhi police acting on a complaint from a Kanpur resident. According to the police, Amit Lakhanpal — the man who launched the allegedly scam cryptocurrency — is…

Ethereum Classic Might Have Been Hit by a 51% Attack

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Late last night on Twitter, the official Ethereum Classic team noted that possible chain reorganization and double spend attacks are ongoing. They subsequently asked crypto exchanges and ETC mining pools to require as many as 400 confirmations for withdrawals and deposits. There have been rumors of a possible chain reorganization or double spend attack. From what we can tell the ETC network is operating normally. BlockScout’s “Reorg” section shows nothing of the sort.https://t.co/Yi2cXusCz9 pic.twitter.com/HdUtS0DJZK — Ethereum Classic (@eth_classic) January 6, 2019 The team noted that, to their knowledge, the ETC…

Nasdaq-Powered EU Exchange Reveals Crypto Trading Pairs, Tokenized Stocks

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Nasdaq-powered DX Exchange announced the platform’s launch and available trading pairs in a series of tweets Jan. 6. The digital trading platform uses Nasdaq’s Financial Information Exchange (FIX) protocol. As Cointelegraph previously reported, users of the exchange will be able to trade tokenize stocks in various major global companies. Another tweet on Jan. 6 announced that tokenized stocks of Amazon, Baidu, Apple, Facebook, Google, Intel, Microsoft, Netflix, Nvidia and Tesla will be available to trade on the platform. The exchange also announced support for various crypto to crypto and crypto…

Japanese Banks Launching Digital Currencies Could Inspire the Traditional Cash Society

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Japan is known as a land of contrasts. A country where serenity and tranquillity can be found in the middle of the hustle and bustle of large global cities, where proud traditionalism stands side-by-side with the developers and innovators of breakthrough technologies, where kimonos are often found next to the latest fashion trends. This contradictory tendency is no different in Japan’s cryptocurrency ecosystem. It ranks as one of the top crypto-friendly nations on Earth, with favorable and forward-thinking cryptocurrency regulations. They made Bitcoin legal tender in 2017, and at one…

NEM Foundation to Develop Blockchain-Powered Copyright System for Journalists

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NEM Foundation in Argentina has signed a memorandum of understanding with a local trade union of journalists. The goal of the agreement is to develop a blockchain-powered solution for copyright protection, Cointelegraph in Spanish reported Saturday, Jan. 5. The memorandum signed with CISPREN — the journalists’ trade union of the city of Cordoba in central Argentina — also implies the development of a Proof-of-Concept for the project. CISPREN hopes that blockchain can solve different issues associated with the protection of intellectual property rights, such as content theft, failure to pay…

Japan Explores Bitcoin ETF but Demand for Product Remains Mystery

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Japan’s financial watchdog could embrace exchange-traded funds that track the value of Bitcoin and similar digital asset classes, Bloomberg reported. The Financial Services Agency (FSA), according to an anonymous source, has been exploring Bitcoin ETFs on the sidelines of its disapproval of the Bitcoin futures and Ethereum derivatives. The agency has clarified that it will not make modifications to Japan’s existing securities laws to cater for crypto assets. The decision came as a blow to the Bitcoin industry, which was looking to draw significant funds from the institutional markets after…

Bitcoin Struggles to Regain $4,000 Level Starting the New Year: BTCManager’s Week in Review Jan 7

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The price of bitcoin traded sideways in the first few days of 2019. The price fluctuated between $3,707 and $3,947 and closed the week effectively unchanged versus last week’s close. As expected, news flow over New Year’s was muted as the first week of January is still a holiday week for most businesses as investors seem to have taken a wait-and-see approach on how the first few trading weeks of the year will unfold before placing large buy orders. The biggest news of the week has been the announcement from…

Litecoin Founder Stokes Debate Over ‘Bitcoin Extremists’ Tweet

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Litecoin (LTC) founder Charlie Lee has fired community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists.” Lee’s Jan. 6 post argued that: “Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero. Maximalists think Bitcoin is and will remain the dominant cryptocurrency but there is room for altcoins to exist and even do well.” Lee also opened a Twitter survey, which has drawn over 24,300 votes as of press time and is due to…

Stellar (XLM) Rate Surges 6%, Sets Upside Targets Towards 15 Cents

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Stellar price attempts to break above its rangebound action as the crypto market enters the second week of January 2019. The XLM/USD rate on Monday has surged more than 6% on a 24-hour adjusted timeframe. It was previously locked in a wider price band since December 28, 2018, as all the top coins struggle to pierce through their strict resistance areas. The renewed buying optimism brought many of these coins, including Stellar, to the green zone. And all of them, again like Stellar, is now waiting to extend the current…