Day: January 16, 2019

Booming Chinese Capital Outflows May Result In 2019 Crypto Bull Run

boss

Increasing rates of Chinese capital outflows over the past few months are presenting the cryptocurrency space with an unprecedented opportunity as citizens of one of the world’s most strictly regulated jurisdictions find ever more ingenious ways to get around financial movement restrictions. China’s Capital Restriction Problem In theory, China has perhaps the most stringent capital restrictions of any major world economy. Regulations state that individuals are not allowed to move more than $50,000 out of the country and companies are only allowed to exchange yuan for other currencies with approval…

Clickbait Media Uses Bitcoin and Russia to Pump Headlines Again

boss

In the past week or so, a number of publications, including cryptocurrency websites, but also “reputable” mainstream outlets, have given stage to a “Kremlin economist” with a bold prediction – Russia will invest billions in bitcoin to tackle U.S. sanctions, possibly triggering a new bull run as early as next month. The claim was quoted in multiple reports, although never double-checked or substantiated. Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It Moscow Said to Dump Billions Into Bitcoin The statements came from Vladislav…

BTC Unchanged as Volatility Taper

boss

Bitcoin Price trading range tight Bulgaria’s NRA introduces a 10 percent tax on crypto profits Transaction volumes low as BTC/USD range within Jan 14 high-low Candlestick arrangement favors bulls. However, as the government opens up, we recommend patience until after Bitcoin prices rally above $4,500 in line with our last BTC/USD trade plan. Bitcoin Price Analysis Fundamentals The thing is, governments irrespective of jurisdiction won’t budge and will see towards enforcement of their initiatives. Under the guise of investor protection–whereas the so-called investors are on average tech savvy with full…

Bitcoin Generating Email Spoofing BBC Website Discovered

boss

My Online Security, a UK-based cybersecurity website has discovered a spoofing attack which masquerades as the BBC‘s website, and redirects users to an affiliate bitcoin generation page and phishing platform, Security Intelligence reports on January 15. Email Scamming For Bitcoin Reportedly, an email scam is on the loose, and it was brought to light by My Online Security a few days ago after a user of its platform notified the administrators of the message they had just received. However, on scrutinizing the email, it was found to be a malicious…

The Unique Consensus Mechanism of Decred–Is This True Decentralization?

boss

The Unique Consensus Mechanism of Decred–Is This True Decentralization? January 16, 2019 by Paul de Havilland Decred has a unique consensus mechanism many regard as closer to true decentralization than most other cryptocurrencies. With the pros and cons of different consensus mechanisms being in focus recently, we thought Decred’s unusual hybrid consensus mechanism was worthy of examination. Also read: Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Consensus Mechanism of Decred in a Nutshell Decred’s governance uses a hybrid…

US Investors That Sold BTC Lost $1.7 Billion, Many Don’t Intend to Deduct Losses

boss

Crypto investors in the United States who sold their Bitcoin (BTC) holdings lost $1.7 billion, but many do not plan to deduct the losses, a survey conducted by personal finance company Credit Karma published on Jan. 15. The survey was conducted by research firm Qualtrics for Credit Karma, and surveyed 1,009 American BTC investors over the age of 18 in November 2018. According to the aforementioned survey, a slight majority of Americans — 53 percent — plan to report their Bitcoin gains and losses for their taxes, while 19 percent…

Swiss Crypto Industry Leader Says Next Crypto Wave Will Be Stablecoins, Security Tokens

boss

Bitcoin Association Switzerland board member Luzius Meisser says he believes the next wave of crypto innovation will focus on stablecoins and security tokens. Meisser made his remarks during an interview with Cointelegraph’s correspondent during the Crypto Finance Conference in St. Moritz, Switzerland on Jan. 16. Meisser is a computer scientist and economist who co-founded the Bitcoin Association Switzerland in 2013, as well as an active figure in the local crypto industry, serving as a member of the board of directors for crypto-focused asset management and brokerage firm Bitcoin Suisse AG,…

Security Report Gives A or A- Rating to 16% of Major Crypto Exchanges, None Get A+

boss

The latest Exchange Security Report from independent analysts at ICORating has given 16 percent of the world’s biggest crypto trading platforms an A rating, and none of them an A+. The analysis, published Dec. 18, ranked Kraken (A), Cobinhood (A) and Poloniex (A-) as the top three most secure exchanges globally. ICORating assessed 135 crypto trading platforms, all of whose daily trade value reportedly exceeds $100,000, on the basis of four security categories: user account security, registrar and domain security, web security and DoS attack protection. No exchanges sealed an…

Genesis Partners With Blockchain Security Firm to Provide Direct Custody Operations

boss

Blockchain security firm BitGo has partnered with Bitcoin (BTC) over-the-counter (OTC) trading platform Genesis Global Trading. The partnership intends to allow clients to trade crypto directly from BitGo custody, according to a press release posted today, Jan. 16. Following the recent acquisition of a crypto custodian qualification, BitGo has endeavored to improve its custodial services by protecting clients’ funds through allowing them to trade digital assets without need for withdrawals from hard storage. The new feature enables clients of the BitGo custody service to conduct buy and sell orders directly from…

2019 a Year of Accumulation For Bitcoin, Recovery by Year’s End

boss

Bitcoin could see a recovery by the end of 2019. | Source: Shutterstock In the past 24 hours, the crypto market has recovered from $120 to $123 billion as the Bitcoin price avoided a further drop below the $3,600 mark. The bitcoin price avoided a further drop below $3,600. Ethereum has also been able to rebound relatively quickly from the delay of the Constantinople hard fork, which initially caused a 10 percent drop from $130 to $116. Slow Grind Up For Bitcoin Expected in 2019 Due to the intensity of…