Day: February 11, 2019

US SEC Highlights Dedicated ICO Guide Amid Ongoing Regulatory Debate

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U.S. regulator the Securities and Exchange Commission (SEC) has reiterated guidelines on initial coin offerings (ICOs) in a tweet Feb. 10, as efforts to formalize the sector continue. A dedicated section of the regulator’s website now lists five aspects of ICOs the SEC considers essential, as well as a separate section for investors and market professionals. The content appears to have existed since March last year, with the SEC opting to draw renewed attention to it on social media this weekend. The material remains perhaps the most accessible publication into…

Ripple Expanded University Blockchain Research Initiative Network

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Enterprise blockchain solutions provider Ripple expanded its University Blockchain Research Initiative (UBRI) network by adding another eleven universities in the United States, China, Singapore and Brazil. UBRI was launched by Ripple in June 2018 with 17 universities as launch partners to accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. It also announced a $50 million funding for this initiative. UBRI’s launch partners included MIT, Princeton University, the University of North Carolina, and the University of Pennsylvania. In Europe, UBRI helps Delft University of Technology in…

Bitcoin Eyes $3.8K After High-Volume Price Breakout

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View Bitcoin gained 7.8 percent on Friday, confirming a falling wedge breakout on the daily chart. The bearish-to-bullish trend change was backed by a jump in trading volumes to levels last seen in mid-November. Prices could soon cross the 50-day moving average resistance at $3,642 and test resistance levels lined up at $3,800 and $4,000 in the next few days. A break below the Jan. 29 low of $3,322 would invalidate the bullish setup. That looks unlikely, though, as the high-volume wedge breakout has confirmed bearish exhaustion signaled by falling…

Fake MetaMask Crypto Malware Pulled From Google Play After Tip-Off

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Decentralized app (DApp) MetaMask is facing fresh problems from cryptocurrency scammers after malware impersonating the tool appeared on Google Play, cybersecurity company Eset reported Feb. 8. The malware, which replaces computer clipboard information in an attempt to steal cryptocurrency, was removed by Google at the beginning of the month after a tip-off from Eset researchers. Known as a ‘Clipper,’ the malware replaces copied cryptocurrency wallet addresses with an address belonging to an attacker in the hope funds will be sent elsewhere without the user noticing. The discovery marked the first…

Intercontinental Exchange (ICE) Chief Confident About Future for Bakkt and Crypto 

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The ongoing regulatory delays and hurdles imposed by the US government have not dampened the enthusiasm for crypto related products such as the highly anticipated Bakkt launch. Bakkt Will be a ‘Moonshot Bet’ The Intercontinental Exchange (ICE) has recently announced its fourth quarter earnings which have beat some Wall Street predictions. Chief executive Jeffrey Sprecher took the opportunity to speak on the sterling performance and shed some light on the Bakkt crypto project. Seeking Alpha ran a full transcript of the conference call in which Sprecher referred to Bakkt as…

NYSE Parent ICE Anticipates Over $20 Million Spend on Bakkt This Year

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Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, estimates it will spend more than $20 million this year in building Bakkt, its bitcoin futures trading and custody platform. In an earnings call for Q4, 2018, on Feb. 7, Scott Hill, ICE’s chief financial officer, said the firm’s investment in Bakkt will result in $20 million to $25 million of its estimated expenses for the fiscal year 2019. The estimation comes just six weeks after Bakkt announced a massive $182 million fundraise for its bid to roll…

Mike Novogratz: All the Big Macro Funds Should Hold at Least Small Percentage in Bitcoin

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Mike Novogratz, the chief executive of the TSX-listed Galaxy Digital, made a surprising remark that came straight out of left field saying that he doesn’t understand why large macro funds don’t have a 1% position in Bitcoin (BTC). Except Bakkt, there is a platform for trading and storing cryptocurrency – Fidelity Digital Asset Services, which is at the final stage of testing. And Bitcoin ETF, which has not yet been approved by the US Securities and Exchange Commission. In a tweet issued on Saturday, Mike Novogratz, the chief executive of…

Bitcoin Price Analysis: BTC/USD Trends of February 11–17, 2019

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Key Highlights: The bulls have taken over Bitcoin market on 4-Hour chart; the previous low level may be reached in case $3,679 level does not hold; the BTC price may rise. BTC/USD Long-term Trend: Bearish Resistance levels: $4,237, $4,692, $5,600Support levels: $3,679, $3,247, $2,765 BTC/USD continues its bearish trend on the long-term outlook. The crypto was on the downtrend towards the previous low demand level of $3,247 and its lower lows movement could not reach the targeted price level. On February 8, the bulls gained certain momentum which pushed Bitcoin…

Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally

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Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $3,550 or $3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips remain supported above the 100 hourly SMA. Bitcoin Price Analysis…

Craig Wright, Move! Bitcoin Cash Developer Amaury Sechet Claims He is Satoshi Nakamoto

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Have you also got a little bit bored without a new Satoshi Nakamoto? Then please welcome BCH developer Amaury Sechet who says he has created Bitcoin. Though Bitcoin is a cryptocurrency is number 1 in the world and its name quite often is used to describe the whole class of digital assets by the wide audience, the history of its creation is still a mystery full of rumors. It is known that Bitcoin was developed by Satoshi Nakamoto. But who is he? Or maybe it’s a group of developers? Even…