Day: January 30, 2019

Nearly 80 Percent of Crypto Event Attendees Are Male

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79 percent of attendees at crypto events are male, according to a report by events-oriented software firm Bizzabo on Jan. 28. After analyzing the registration information of 100 different cryptocurrency-related events in 15 countries, Bizzabo found that the overwhelming majority of attendees were male. In the course of the survey, Bizzabo took data from the United States, the United Kingdom, Belgium, Canada, Israel, Hong Kong, China and Australia, with the U.S. leading other countries in the number of registrants and attendees at crypto events. 57 percent of attendees were employed…

Professionalism in Crypto Needed, Gemini is Setting Industry Standards

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This week, prominent U.S.-based crypto exchange Gemini revealed it had become the first-ever cryptocurrency exchange and custodian to successfully complete a System and Organization Controls (SOC 2) for Service Organizations Type 1 examination. The SOC 2 examination was conducted by “Big Four” auditor Deloitte & Touche LLP, and helps cement Gemini’s reputation for pushing the envelope for cryptocurrency compliance and regulation, and its status as an industry standard-setting leader in the crypto space. Gemini Completes SOC 2 Exam, Proving Compliance and Security Prowess SOC 2 reviews are a financial industry…

South Korean Fintech Firm Launches ‘First’ Won-Backed Stablecoin

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South Korea-based fintech firm BxB Inc. has launched the first supposed stablecoin backed by the Korean won, according to a press release shared with Cointelegraph on Jan 29. There was an initial beta soft launch of the coin on Airswap, a decentralized exchange platform, before the tokens were released on the global and Korean exchange, according to a Medium blog post by the co-Founder of BxB Inc, Alex Friedberg, earlier this month. The coin, KRWb, is reportedly the first stablecoin produced in South Korea to be backed by the national…

Alipay and WeChat Pay Require Huobi to Remove Payment Methods from OTC Desk

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Alipay and WeChat Pay reportedly requested that crypto exchange Huobi remove their payment services from its over-the-counter (OTC) trading desk, local media agency Sina reported on Jan. 25. Major Chinese digital payments providers, Alibaba’s Alipay and Tencent’s WeChat Pay, have reportedly sent legal letters to Huobi, claiming that using both their services and logos on the exchange’s OTC market is unauthorized. According to information acquired by Sina, both Alipay and WeChat Pay have not provided Huobi with its payment services, nor given it permission to use their respective trademarks. However,…

Is India Close to Taking a Stand on Cryptocurrency?

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Is India Close to Taking a Stand on Cryptocurrency? January 30, 2019 by Akshay Makadiya After years of uncertainty and ambiguity, government leaders in India may at last be close to formalizing domestic cryptocurrency laws. The inter-ministerial committee set up to investigate and draft regulations for digital currencies is in the “finalization stage.” So what comes next? Also read: Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts A Hint of Cryptocurrency Regulation in India The Department of…

Genesis Capital | Crypto Lending Weathers a Bearish Market

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Crypto lending firm Genesis Capital processed $1.1 billion in loans last year. This is according to the company’s recently released ‘Lending Snapshot’ for Q4 2018. Genesis Capital The figure shows the massive growth in processed loans as Bitcoin price fell over 44% in 2018. The first Digital Asset Lending Snapshot was released at the end of Q3 2018. This reported that Genesis processed $553 million in loans from the period starting March 2018. Therefore the most up-to-date figures show that “Q4 loan originations increased more than 100% in the final three months of 2018…

Crypto Hacks Take $1.7 Billion in 2018

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Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into the crypto industry yet. Crypto Hacks Worth $1.7 Billion Of the total stolen in 2018, over $950 million was from cryptocurrency exchanges. This is 3.6 times more than what was stolen from exchanges in 2017.…

Bitcoin Price Analysis: BTC at $4,500 Not an Impossibility

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Bitcoin Price up 1.8 percent, double-bar bull reversal pattern prints Fidelity Investment custodial services set for March Transactional volumes expected to rise in days ahead Three months after announcing their interest in crypto, Fidelity Investment will set out and roll out Bitcoin custody in three months. No doubt this will easy crypto trading as BTC is usually the base pair as BTC/USD rise from $3,500. Bitcoin Price Analysis Fundamentals Here’s why Fidelity Investments delving into the cryptocurrency world is such a big deal. First, the Boston based firm has over…

Startup Offers “New Generation” Coin

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A startup named Pyrex says it has created the “next generation cryptocurrency,” which enables untraceable payments and unlinkable transactions. Its ecosystem includes three separate but interchangeable blockchain payment methods, together with its own crypto bank, cloud mining platform and multi-currency exchange. Secure and private The first blockchain payment method is PyrexCoin (PYX), operated by a decentralized peer-to-peer (p2p) exchange network with no management or major issuer to rule it. The company assures that this cryptocurrency is untraceable, secure, anonymous and borderless. A p2p network makes all the users’ transactions on…

Bitcoin, Ripple, Ethereum, EOS, Bitcoin Cash, Litecoin, Tron, Stellar, Bitcoin SV, Cardano: Price Analysis, Jan. 30

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Crypto investors lost about $1.7 billion worth of cryptocurrencies to hackers in 2018. Though prices are down, it has not deterred the criminals. The volume of stolen coins in 2018 was 3.6 times larger than in 2017, according to the report from research…