Day: January 14, 2019

TRX Add 4.2 Percent, Accelerator Program Troubles

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Tron Price retest 2.5 cents Participants at the Tron Accelerator Program say there was no transparency TRX is today’s top performer, up 4.2 percent in 24 hours BTC and other coins may be struggling, but TRX is up 4.2 percent in the last day. While TRX is trading below 2.5 cents, the asset has found support at Oct 2018 lows. The first target will be at 4 cents in line with our previous trade plans. Tron Price Analysis While most investors are obsessed with Bitcoin, Ripple and Ethereum development, Tron…

Major Spanish Energy Company to Use Blockchain in Renewable Energy Tracking

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Spain’s major energy company, Iberdrola, has started using blockchain to track renewable energy, Spanish independent news agency Europa Press reports on Monday, Jan. 14. The first trial was conducted in cooperation with Kutxabank, a local bank based in the Basque Autonomous Community that owns a substantial part of Iberdrola’s equity, and its subsidiary Cajasur. During the pilot, Iberdrola monitored the renewable energy delivered from two wind farms and one power station to banks’ offices located in Basque Country and the southern city of Cordoba. The company used Energy Web Foundation…

Draper Associates Leads $5 Million Funding Round for Blockchain-Based ID Platform

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Iceland’s blockchain-based identity verification platform Authenteq has raised $5 million in a funding round led by Draper Associates and Capital300, the American tech website VentureBeat reports on Jan. 14. Following the two-week funding round, the company revealed its intention to conduct the second closing of the Series A financing for additional investors in the coming weeks. The latest $5 million closing was held on Jan. 10, while the total amount raised constitutes $7 million over seven rounds since 2015, according to business data provider Crunchbase. Authenteq funding rounds and key…

FitPay Bitcoin Device Attempts to Bridge Gap Between Crypto, Traditional Payments

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FitPay/Facebook Fit Pay, a subsidiary of Nxt-ID (NASDAQ: NXTD), has unveiled Flip, a new contactless payment device that enables Bitcoin (BTC-USD) holders to make contactless purchases at millions of retail locations. The company will begin shipping initial orders of Flip in February. Flip’s near field communication (NFC) antenna allows it to transact payments at any retail point of sale location that accepts contactless payments. Flip stores a preloaded amount of U.S. dollars that are exchanged from the user’s existing Bitcoin account. The device includes a digital wallet that allows the…

Bitwise Asset Management Files Application For Bitcoin ETF

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San Francisco-based Bitwise Asset Management, which provides crypto asset index and beta funds, has filed an initial registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a new physically-held bitcoin (BTC-USD) exchange-traded fund (ETF). Bitcoin ETF The proposed Bitcoin ETF would track the Bitwise Bitcoin Total Return Index produced by Bitwise Index Services. The ETF will rely on regulated third party custodians to hold its physical bitcoin, and the index draws prices from a large number of cryptocurrency exchanges, representing the majority of currently verifiable bitcoin…

Bitcoin Price Analysis: BTC Exposed, ETF Hopes Dimming?

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Bitcoin Price slide, potential support at $3,400 or 78.6 percent Fibonacci level SEC may not approve Bitcoin ETF Reaction at $3,700 important for bulls In the short-term, sellers seem to be in charge and yesterday’s drop below our immediate support at $3,700 may lead to reductions towards $3,400. In the midst of this, we are net bullish because of buy pressures of week ending Dec 23. Bitcoin Price Analysis Events of the week ending Dec 23 and consequent follow through reinvigorated bulls. Regardless, the fact that prices reversed from the…

Despite Bear Market, Crypto Mining Malware Tops Threat Index for 13th Month Running

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Three strains of crypto mining malware have topped the latest Global Threat Index from Israeli cybersecurity firm Check Point, according to a press release published on Jan. 14. Check Point Software Technologies Ltd. is a security solution provider for governments and enterprises globally, with over 100,000 organizations reported to be currently using its security management system. As reported, stealth crypto mining attacks — also known as cryptojacking — work by installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to…

Bulgarian Revenue Agency Announces Inspection of Cryptocurrency-Selling Companies

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The Bulgarian National Revenue Agency (NRA) has announced the launch of inspections of cryptocurrency-selling companies, English-language Sofia-based news outlet novinite reports on Jan. 14. The objective of the investigation is to assure compliance with tax and social security regulation, as the agency is reportedly worried about the use of crypto-assets for revenue concealment and tax evasion. The Bulgarian RSA reportedly conducted a survey of the companies that own online platforms for the sale and purchase of cryptocurrencies — like cryptocurrency exchanges —  and already assigned control actions (which presumably means…

Cricket South Africa’s Twitter Account Hacked by Bitcoin Scammers

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A report from The Indian Express, published on January 14, 2019, states that the Twitter handle of Cricket South Africa (CSA) fell victim to hackers who were selling fake bitcoin lottery tickets. However, the account has now been retrieved and all the erroneous Tweets deleted. Bitcoin Invades the Cricket Pitch On the night of January 13, 2019, the official Twitter account of South Africa’s cricket board was attacked by hackers in a very ungentlemanly manner. The incident came to light when the CSA’s account posted a Tweet announcing a fake…

Ripple Price Analysis: XRP Find Support as Bears Slow Down

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Ripple price 3 cents from the primary support Exim bank set to adopt the xRapid system by the end of March 2019 Transaction volumes low but XRP is technically bullish Over and above everything, Sep 2018 rally guides our medium to long-term price projection. In the short-term, price drops below our support line at 30 cents could see XRP tumble below 25 cents invalidating our bullish stand. Before then, we recommend patience with an upbeat outlook. Ripple Price Analysis At current rates, XRP is down 11.6 percent from last week’s…