Day: March 6, 2019

Nasdaq-Powered EU Digital Exchange DX Adds Tokenized ETFs

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Estonia-based digital trading platform DX.Exchange has added tokenized Exchange-Traded Funds (ETFs) to its services, according to press release shared with Cointelegraph on March 6. The move involves the tokenization of popular ETFs, such as SPY, which represents the S&P 500, and QQQ, which backs the Nasdaq Composite at a 1:1 ratio. UWT (crude oil) and UDOW are among other ETFs offered on the platform. The ETFs offered can now be purchased both for cryptocurrencies and fiat during trading hours as well as after-hours. According to the press release, the introduction…

Cryptocurrency Exchange Huobi Adds XRP Support to its OTC Trading Platform

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The peer-to-peer (p2p), over-the-counter (OTC) branch of Chinese cryptocurrency exchange Huobi has added support for Ripple (XRP). The company announced the news in a press release shared with Cointelegraph on March 6. XRP joins Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Eos (EOS) and Huobi Token (HT) in the list of assets supported by Huobi’s OTC trading platform. According to the company’s website, Huobi OTC aims to offer an exchange bridge between fiat currencies and digital assets. Specifically, the platform serves as an escrow to users who post buy or sell…

While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

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A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian and Lithuanian news site 15min.lt. The journalists revealed that Troika facilitated “$470 billion in 1.3 million leaked transactions from 233,000 companies,” which led them to refer the money laundering operation as “The Troika Laundromat.” Between…

While Regulators Focus on Bitcoin, Russia’s Largest Private Bank Laundered $9 Billion

boss

A group of investigative journalists uncovered a $9 billion money laundering scam rooted from Russia’s largest private bank and unsurprisingly, it doesn’t involve Bitcoin. The scheme, which enabled perpetrators to funnel billions from shell companies to the global banking system, was exposed by the Organized Crime and Corruption Reporting Project (OCCRP) with assistance from the Guardian and Lithuanian news site 15min.lt. The journalists revealed that Troika facilitated “$470 billion in 1.3 million leaked transactions from 233,000 companies,” which led them to refer the money laundering operation as “The Troika Laundromat.” Between…

If Real, Booming Crypto Volume Could Push Bitcoin Into “Raging Bull Market”

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At long last, the crypto market has started to undergo drastic fluctuations. Following weeks of remaining in a lull-esque state, Bitcoin (BTC) broke out of its bear market shell in early-February, posting gains backed by notable levels of volume. While a substantial amount of time has passed since the aggregate value of all cryptocurrencies pushed from $110 billion to $122 billion in a day’s time, volumes have remained strong, as this nascent market continues to see rapid price action. Crypto Market Activity Spiking In the past 24 hours, per data…

If Real, Booming Crypto Volume Could Push Bitcoin Into “Raging Bull Market”

boss

At long last, the crypto market has started to undergo drastic fluctuations. Following weeks of remaining in a lull-esque state, Bitcoin (BTC) broke out of its bear market shell in early-February, posting gains backed by notable levels of volume. While a substantial amount of time has passed since the aggregate value of all cryptocurrencies pushed from $110 billion to $122 billion in a day’s time, volumes have remained strong, as this nascent market continues to see rapid price action. Crypto Market Activity Spiking In the past 24 hours, per data…

IBM Releases Security Testing Tool for Enterprise Blockchain Takers

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IBM has launched an operational version of its in-house security testing tool for blockchain solutions, the company confirmed in a press release on March 5. IBM Security’s X-Force Red, the firm’s dedicated security task force, released the X-Force Red Blockchain Testing service in order to tackle remaining inefficiencies in enterprise blockchain deployments. “IBM X-Force Red is seeing that 70 percent of solutions that incorporate blockchain rely on traditional technologies for backend processes like authentication, data processing and Application Programming Interfaces (API),” the press release explains, adding: “The X-Force Red Blockchain…

Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs

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A new report claims that cash is “on the verge of collapse” in the UK, with cash transactions expected to almost vanish in the next decade. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments. The outdated cash infrastructure is set to be eclipsed. And bitcoin is positioning itself to replace it. The Access to Cash Review says that the current rate of decline would mean cash use in the UK would end in 2026. #digitalpaymentshttps://t.co/ZnXgQRUaGS…

Cash ‘on the Verge of Collapse’ While Bitcoin Transactions Near Record Highs

boss

A new report claims that cash is “on the verge of collapse” in the UK, with cash transactions expected to almost vanish in the next decade. Meanwhile, bitcoin transaction volume is surging towards an all-time high and mainstream vendors like Starbucks and Krogers are considering methods of cryptocurrency payments. The outdated cash infrastructure is set to be eclipsed. And bitcoin is positioning itself to replace it. The Access to Cash Review says that the current rate of decline would mean cash use in the UK would end in 2026. #digitalpaymentshttps://t.co/ZnXgQRUaGS…

Bitcoin Price Analysis: BTC/USD Ranging Within $4,237-$3,679, a Breakout Expected

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Photo: Steven Millstein / Flickr Key Highlights: The breakup of $4,237 resistance level will increase Bitcoin price towards $4,692; in case the bulls do not defend the support level of $3,679, BTC will find its low at $3,257; the break out is imminent. BTC/USD Long-term Trend: Ranging Resistance levels: $4,237, $4,692, $5,209Support levels: $3,679, $3,241, $2,765 On the long-term outlook, BTC/USD is ranging. The momentum of the Bears and that of the bulls remain at an equilibrium level and that is what brought about this consolidation scenario. Not until the…