Day: March 7, 2019

Denver to Use Mobile Voting Blockchain Platform Aimed at Overseas Voters in Elections

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The capital and most populous city in the United States state of Colorado, Denver, will use a smartphone app based on blockchain technology for casting municipal election this May, PR Newswire reports Thursday, March 7. According to the announcement, the City and County of Denver will implement a mobile voting platform backed with blockchain tech targeting the “active-duty military, their eligible dependents and overseas voters,” who will be able to use their smartphones to participate in the Denver municipal elections. As the article states: “Eligible voters will be able to…

Bitcoin Trading Volume Declining Over Time

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A new report by research publication Diar shows that with prices down in recent months, Bitcoin trading volumes across major cryptocurrency exchanges have hit new lows. Bitcoin traded volume witnessed a significant 55 percent drop in January and February of this year, compared with the corresponding period in 2018. Still, traded volume in terms of Bitcoins remains higher than that seen in 2017. Market share across major exchanges such as Bitfinex, Coinbase, Kraken and Gemin continued to drop, while Binance experienced growth. For the first time in almost two years,…

Hacked IoT Devices and Cryptocurrency Networks Doubled in 2018

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In Japan, the number of hacked Internet of Things (IoT) devices and cryptocurrency networks nearly doubled in 2018 when compared to the previous year. English-language local media Asahi reported on March 7. Per the report, the Japanese Police Agency data shows that an average of 2,752.8 intrusions per sensor per day were detected last year, up 45 percent from the previous year. Furthermore, the data also reportedly shows that almost all of the attacks came from overseas. According to the article, if one considers only cryptocurrency networks and IoT devices,…

Kraken Crypto Exchange Poaches a Sony Studio Head for Marketing Push

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Kraken, one of the largest U.S.-based crypto exchanges with daily volume of around $100 million, has hired a Hollywood veteran to be its first chief marketing officer. Matt Mason spent the last four years as the studio head of 1-800-N0TH1NG, described on his LinkedIn page as an “innovation lab” in Los Angeles funded by Sony Pictures. He left that job last month to take the newly created position at Kraken. “Building out the marketing function at Kraken is a critical next step for us as we continue to grow our business and…

Crypto Investors Are Driven by Interest to ‘Get Rich Quick’

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The United Kingdom’s Financial Conduct Authority (FCA) has published two pieces of research on Thursday, Mar. 7, which examine the attitudes of U.K. crypto consumers. The first study, conducted by research firm Revealing Reality, uses qualitative interviews to focus on the understanding of cryptocurrencies and motivations behind people’s decisions to invest in crypto assets. The researchers interviewed 31 crypto consumers and selected 17 of them for a follow-up interview. According to the interviews, many see cryptocurrencies as a way to “get rich quick” and a shortcut to wealth and easy…

Crypto Investors Are Driven by Interest to ‘Get Rich Quick’

boss

The United Kingdom’s Financial Conduct Authority (FCA) has published two pieces of research on Thursday, Mar. 7, which examine the attitudes of U.K. crypto consumers. The first study, conducted by research firm Revealing Reality, uses qualitative interviews to focus on the understanding of cryptocurrencies and motivations behind people’s decisions to invest in crypto assets. The researchers interviewed 31 crypto consumers and selected 17 of them for a follow-up interview. According to the interviews, many see cryptocurrencies as a way to “get rich quick” and a shortcut to wealth and easy…

Bitcoin Price & Technical Analysis: BTC Trying to Hit $4,000

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Photo: Roboforex / TradingView The Bitcoin is still trying to make its way to the round number of $4,000, says Dmitriy Gurkovskiy, Chief Analyst at RoboForex. The number of search queries on Bitcoin is going down. Bitcoin and other crypto futures are in high demand. Chinese miners buy mining equipment, expecting the electricity costs to go down. According to Google Trends, the number of search queries on Bitcoin has hit its Q2 2017 low. The BTC cost then much less than now, while the demand was mostly formed out of…

Credit Agricole-Backed Blockchain Startup Setl Files for Insolvency in the UK

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Setl, a Credit Agricole-backed blockchain startup based out of the United Kingdom, has filed for insolvency. The insolvency notice was filed on March 7 with U.K. authorities. Credit Agricole is reportedly the world’s largest cooperative financial institution, headquartered in France. Setl was founded by Peter Randall, one of the founders and former CEO of the alternative European stock exchange Chi-X, and Anthony Culligan, founder of peer-to-peer Bitcoin (BTC) trading venue Roolo, in July 2015. The company was granted approval from the French securities regulator to run a Central Securities Depository (CSD) in…

97% of Brits Don’t Own Crypto, Don’t Plan on Buying Bitcoin Either

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A new report from the United Kingdom’s primary financial regulator suggests we’re still a long way from a cryptocurrency revolution. According to the report, only 3 percent of people in the UK have bought cryptocurrency. And an enormous 73 percent still have no idea what crypto is or how to define it. On the bright side, if you own crypto now, you’re in the 3 percent club. If cryptocurrencies do become mainstream, you got in early. Our research finds 73% of UK consumers surveyed don’t know what a ‘cryptocurrency’ is…

UK Financial Watchdog Warns Against Firm Claiming to be Authorized With FCA

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The British financial regulator, the Financial Conduct Authority (FCA), has issued a warning against illegal crypto-related firm Next Coin Market, according to an official statement released on March 6. According to the FCA, Bulgaria-based Next Coin falsely claims to be authorized with the U.K. financial authority to offer cryptocurrency-related services to British residents. The FCA elaborated that Next Coin was sending users a link to a fake website that gives the impression that the firm is officially authorized by the FCA. However, Next Coin is not registered with the authority,…