Day: February 10, 2019

Lawyers for Israeli Crypto Entrepreneur Say White Paper Confers No Legal Responsibility

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Moshe Hogeg, the Israeli entrepreneur behind blockchain firm Stox (STX), has denied misappropriating investors’ funds in a response to the lawsuit filed against him. Online newspaper The Times of Israel reported the development on Saturday, Feb. 9. As Cointelegraph wrote earlier in January, Chinese investor Zhewen Hu has sued Stox and its founder for $4.6 million. Hu claims to have invested a total of around $3.8 million worth of Ethereum (ETH) in an open source, Ethereum-based prediction market platform. According to the lawsuit, Hu’s anticipation was that the successful development…

Delay in Crypto Regulation May Allow More Freedom for Technology

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A commissioner of the United States Securities and Exchange Commission (SEC) said Friday, Feb. 8, that the delay in establishing crypto regulation may allow more freedom for the industry to move on its own. Heister Peirce, who is widely known as the “Crypto Mom” in the community for her dissent against the SEC’s decision to reject a Bitcoin exchange-traded fund (ETF) proposed by the Winklevoss twins, made the comments in a speech on the issues of state regulation at the University of Missouri School of Law. Discussing the current delays…

‘The NEM Foundation You Knew Before Is Gone,’ What Is Next

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As part of the closing statements in an open announcement to the NEM community, the NEM Secretarial Office, which represents the voice of the NEM Foundation’s executive committee and council, said in “one final message for all” that the NEM Foundation community members knew before “is gone.” The announcement was made in an effort to stay true to their commitment of transparency and pulled back the curtain on a number of sensitive issues, including an acknowledgement that the foundation is facing severe financial difficulties and a realization that the previous…

“The NEM Foundation You Knew Before Is Gone,” What Is Next

boss

As part of the closing statements in an open announcement to the NEM community, the NEM Secretarial Office, which represents the voice of the NEM Foundation’s executive committee and council, said in “one final message for all” that the NEM Foundation community members knew before “is gone.” The announcement was made in an effort to stay true to their commitment of transparency and pulled back the curtain on a number of sensitive issues, including an acknowledgement that the foundation is facing severe financial difficulties and a realization that the previous…

Ameen Soleimani Spanks Ethereum, Suggests Leadership

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Ameen Soleimani Spanks Ethereum, Suggests Leadership February 10, 2019 by Paul de Havilland Ameen Soleimani has given Ethereum developers a spanking over their slow progress in upgrading the network. The SpankChain CEO launched a scathing attack on the project, arguing Ethereum 2.0 is simply taking too long to be deployed. Also read: A Scrum, The Lightning Network, and the Return of the Maximalist We love hearing from our readers. Sound off on our Twitter or Facebook pagesCheck out our insights & interviews with influential insiders on the Bitsonline YouTube channelAnd for the only source of UNFILTERED…

Report: Philippines-Based Banking Giant Launching Two-Way Crypto ATMs

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When you think of nations with a notable Bitcoin ecosystem, many crypto investors would immediately think of the U.S., Malta, Singapore, Japan, and South Korea. Yet, many draw little attention to the Philippines, a nation that is seemingly filled to the brim with cryptocurrency users. A large financial institution based in the Philippines made a notable pro-crypto move last week — one that could potentially spark widespread adoption within the Asian nation. Meet Union Bank’s Crypto ATMs According to reports from Filipino media, Union Bank of the Philippines, a banking giant that is…

Ripple Price Weekly Analysis: XRP Primed For More Upsides

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Ripple price bounced back sharply and broke the $0.3000 resistance level against the US dollar. There was a break above a major bearish trend line with resistance near $0.2900 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is now placed nicely above the $0.3000 support and the 100 simple moving average (4-hours). Ripple price gained a strong bullish momentum against the US Dollar and bitcoin. XRP/USD is likely to extend the current wave towards the $0.3300 or $0.3400 resistance level. Ripple Price Analysis Recently,…

3 Technical Proposals for Increasing Bitcoin’s Privacy

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Privacy is a constant battle between those who wish to increase it and those who would strip it away. Never is this war more apparent than in Bitcoin, where factions with opposing ideals find themselves at loggerheads. On the one side are the blockchain surveillance companies that work hand-in-glove with the three-letter agencies, regulators, and governments. And on the other side are the cryptographers and developers seeking to introduce protocols that will bolster Bitcoin’s privacy. Also read: Privacy and Scaling: Schnorr Signatures Are Coming to Bitcoin Cash Move Slow and Break…

Bitcoin Price Weekly Analysis: BTC Could Rebound To $4,000

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Bitcoin price formed a significant support near the $3,345 level and jumped sharply against the US Dollar. There was a break above a crucial bearish trend line with resistance at $3,380 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair rallied above the $3,400 and $3,500 resistance levels to move into a bullish zone. Bitcoin price surged higher recently above the $3,550 barrier against the US Dollar. BTC/USD might continue to move higher towards the $3,800 and $4,000 resistance levels in the near term. Bitcoin…

Ethereum Price Weekly Analysis: ETH Skyrockets, Dips Remain Supported

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ETH price formed a solid support at $100 and started a strong uptrend against the US Dollar. There was a break above a crucial bearish trend line with resistance at $104 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair traded as high as $122 and it is currently consolidating gains with range moves. Ethereum price climbed higher sharply versus the US Dollar and Bitcoin. ETH/USD is now placed in a bullish zone above the $114 and $112 support levels in the near term. Ethereum Price Analysis…