January 11, 2019

After Cancelling ICO, Crypto Startup Zwoop Filed for Administration: Report

January 11, 2019 boss

The board of directors of cryptocurrency and e-commerce startup Zwoop reportedly filed for administration at the end of November last year. The news was revealed in an exclusive article by major United Kingdom-based newspaper The Telegraph, Jan. 11. According to anonymous sources cited in a report by tech news outlet The Next Web, this move has left employees and suppliers of the company with unpaid wages and bills. Namely, the company allegedly owes one London-based marketing agency £42,000 (about $53,858) and a public relations firm £30,000 (about $38,470). Zwoop —…

Bitcoin Price | Another Sudden Sell-Off After a Steady Month

January 11, 2019 boss

At this point, there doesn’t need to be a reason for Bitcoin price to drop suddenly. The market is so volatile by nature it is almost pointless to look for why. So, in true fashion, yesterday’s sudden sell-off confirms just that. There was no major market news reported, and despite this, Bitcoin price dropped 10% in a 24-hour period. Go figure. The drop ended what was a (relatively) steady month for the coin. Bitcoin Price Drop Of course, where Bitcoin goes, others tend to follow, and so the entire market…

Crypto Is Among SEC’s Top Examination Priorities for 2019

January 11, 2019 boss

Cryptocurrencies are one of the United States Securities and Exchange Commission’s (SEC) top examination priorities this year, according to an official statement announced by the commission Dec. 20. In the SEC’s Office of Compliance Inspections and Examinations (OCIE) recent report, digital assets — specified as cryptocurrencies, coins and tokens — are included among the six “themes for OCIE’s 2019 Examination Priorities.” The report states that the the office is planning to focus on monitoring the emerging market and enforcing compliance with existing laws: “OCIE will continue to monitor the offer…

TRON Can’t Handle BitTorrent’s Crypto Token

January 11, 2019 boss

Simon Morris, former Chief Strategy Officer at BitTorrent, believes that TRON won’t be able to manage BitTorrent’s high rate of transactions. His statement comes only a few days after TRON announced that it was going to launch BitTorrent crypto tokens on Binance Launchpad. In an interview with blockchain magazine BREAKER, Morris said that the network would likely continue the tokenization process on a different network. I suspect that what they’re really going to do is they’ll do it on some central server, they’ll wave their hands and say, ‘Oh, it’s a…

TRON Can’t Handle BitTorrent’s Crypto Token

January 11, 2019 boss

Bitcoin is a ‘Fad,’ But Even NASA is Investing in Blockchain

January 11, 2019 boss

Bitcoin birthed the concept of blockchain technology, and now even organizations as technologically advanced as NASA are considering its benefits. Yet cryptocurrency is often described as a fad, a bubble, and even worthless. NASA Eyes Hyperledger Blockchain for Air Traffic Management Ronald J. Reisman, an aero-computer engineer at the NASA Ames Research Center, has put forward blockchain to solve issues of privacy and the prevention of spoofing, denial of service, and other attacks. He says a new system due for implementation in 2020, the Automatic Dependent Surveillance-Broadcast (ADS-B), does not…

BTC Losses Coincide with China’s New Policies

January 11, 2019 boss

Bitcoin Price slow down after sinking 10 percent China introduces new privacy quashing blockchain rules Trading volumes steady but bearish Even though today’s losses are low, there is hope for traders as long as Bitcoin prices are oscillating above $3,700. Drops below this minor support line could trigger sells towards $3,220 or lower in the next few days. Bitcoin Price Analysis At spot prices, Bitcoin is down 3.8 percent in the past 24 hours but stable in the last hour. The coin is flat and trading within a tight trade…

Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

January 11, 2019 boss

Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia’s largest tech media platform e27 reported on Jan. 11. Ulaanbaatar City’s administration has agreed to partner with a South Korean blockchain company, dubbed Terra, in order to eventually replace the current payment methods for utility bill and government subsidies with the Terra stablecoin, according to the publication. The pilot program is scheduled to be launched within the next six months, and will start in the city of Ulaanbaatar’s Nalaikh District,…

DX.Exchange Claims Security Vulnerability Has Been Patched

January 11, 2019 boss

After a tumultuous few days since initially launching their trading platform, the DX.Exchange has made a statement to address the security issues that created vulnerabilities in their system. The DX.Exchange have come out to inform their users that the potentially serious security issues have now been patched and all bugs fixed. DX.Exchange “User Funds are 100% SAFU” We reported yesterday that an anonymous trader had checked the functionality and security of the newly-launched DX.Exchange platform and had unearthed some potentially dangerous holes in their security that could easily be breached…

Sep 2018 Gains Shore XRP Bulls

January 11, 2019 boss

Ripple price is trading within Sep 2018 high low and bullish The management team at Circle convinced crypto valuation would rise. Bear trading volumes high, XRP prices likely to find support at 30 cents Although losses were market wide, XRP is resilient, absorbing sell shocks and rising above ETH for the first time in 2019. Even with this safe-haven status, we expect XRP to slide against the USD towards 30 cents. Ripple Price Analysis The ability of XRP to absorb shocks may be the reason why the coin is in…