Day: March 12, 2019

Trezor Responds to Ledger Report on Vulnerabilities in Its Hardware Wallets

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Prague-based crypto wallet manufacturer Trezor has responded to а report about hardware vulnerabilities from its competitor Ledger on Tuesday, March 12. Trezor claims that none of the weaknesses revealed by Ledger in a detailed report on March 10, are critical for hardware wallets. As per Trezor, none of them can be exploited remotely, as the attacks described require “physical access to the device, specialized equipment, time, and technical expertise.” Trezor further cites the results of a recent security survey performed in partnership with major cryptocurrency exchange Binance. According to the…

Is Tron (TRX) Steadying Because of ChainLink Partnership Rumors?

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Tron prices up 2.5 percent but out of the top 10 ChainLink and Tron partnership rumors may support prices Transaction volumes drop, averages 6.9 million against 37 million of Feb 24 Rumors are rife that Tron and ChainLink are on the verge of collaboration. If that is the case, Tron (TRX) stands to benefit as demand help lift valuation from current pits. The coin is up 2.5 percent from last week’s low but could print above 2.5 cents by end week. Tron Price Analysis Fundamentals Ethereum introduced smart contracts. Smart…

Bitcoin Shorts Near Monthly High and it Could Trigger Major Price Movement

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Bitcoin shorts have increased significantly in recent weeks to a monthly high, an indicator that may suggest a decline in the confidence of investors in the dominant cryptocurrency. Shorts remain an unconvincing indicator of the sentiment in the cryptocurrency market because the take of analysts on the impact of short contracts on the price of Bitcoin differs quite regularly. Bitcoin 7-Day Chart (Source: Coinmarketcap.com) Speaking to CCN, cryptocurrency technical analyst and trader “Hsaka” said that shorts do not necessarily reflect the sentiment of investors in the market. Short Squeeze a…

US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

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The United States Treasury Department has added Moscow-based bank Evrofinance Mosnarbank to its sanctions list, alleging it was the “primary international financial institution willing to finance” Venezuela’s controversial national oil-backed cryptocurrency, Petro (PTR). The news was announced in an official Treasury press release published on March 11. In its statement, the Treasury accused Evrofinance — which is reportedly jointly owned by Russian and Venezuelan state-owned companies — of materially assisting efforts to launch the cryptocurrency, which it characterized as a “failed” project: “When the failed Venezuelan cryptocurrency, called the Petro,…

Thirsty California May Be Wary of Blockchain Water Rights

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Last week, Colorado lawmakers filed a bill exploring how blockchain technology could be applied to water rights management. Now, California is also studying blockchain for use in water rights management, as reported by Cointelegraph. But coming off a severe drought, which saw water restrictions throughout the state, they are facing a far different set of circumstances than Colorado, as water rights in California have always been a highly political issue. The film “Water & Power: A California Heist” examined how a handful of corporate landowners took advantage of a state-engineered…

Bancor Launches Wallet for On-Chain Conversions Between ETH and EOS Tokens

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Decentralized liquidity network Bancor has launched a wallet for on-chain conversions between Ethereum (ETH) and Eos (EOS) tokens, according to a press release shared with Cointelegraph on March 12. The new product, Bancor Wallet, is a non-custodial crypto wallet that is designed to enable on-chain crypto conversions between Ethereum and Eos-based tokens “in a single action,” the press release reports. The new wallet is based on Bancor’s recently launched cross-chain protocol BancorX, which allows users to convert between Ethereum and EOS-based tokens without exchanges. Nate Hindman, Bancor’s director of communications,…

Ripple–SWIFT Direct Partnership Slim, MD Points at Hard Numbers

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Ripple price recover SWIFT is dominant, moves $300 billion a day Participation levels low, likely to rise as XRP prices edge higher. SWIFT partnership with Ripple in an arrangement that incorporates xRapid will cause XRP prices to explode. All the same, SWIFT is confident that they are dominant and are not willing to join forces citing numbers. Meanwhile, Ripple (XRP) prices are edging higher and could close above 34 cents in days ahead. Ripple Price Analysis Fundamentals In a proof of concept, SWIFT did link their GPI Link with R3’s…

Ripple–SWIFT Direct Partnership Slim, MD Points at Hard Numbers

boss

Ripple price recover SWIFT is dominant, moves $300 billion a day Participation levels low, likely to rise as XRP prices edge higher. SWIFT partnership with Ripple in an arrangement that incorporates xRapid will cause XRP prices to explode. All the same, SWIFT is confident that they are dominant and are not willing to join forces citing numbers. Meanwhile, Ripple (XRP) prices are edging higher and could close above 34 cents in days ahead. Ripple Price Analysis Fundamentals In a proof of concept, SWIFT did link their GPI Link with R3’s…

US SEC Chairman Jay Clayton Confirms ETH Is Not a Security

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United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton confirmed that Ethereum (ETH) and cryptocurrencies like it aren’t securities under U.S. law, non-profit crypto research organization Coin Center reports on March 12. Citing a letter written by Clayton, Coin Center reports that the SEC staff has found that ETH is not a security under U.S. law. In September last year, Coin Center worked with U.S. representative Ted Budd to send a co-signed letter to Clayton asking whether he agreed with the approach to ETH of the SEC’s director of…

Binance’s Official Crypto Wallet Adds Support for XRP and Credit Card Purchases

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The official wallet of leading cryptocurrency exchange Binance, Trust Wallet, has added support for credit card purchases and Ripple’s XRP token. The company announced the new features in a press release shared with Cointelegraph on March 12. Trust Wallet was acquired by Binance in July of last year in the exchange’s first public acquisition. According to the press release, users can now send, receive, store and exchange XRP via Trust Wallet. According to the wallet’s official website, Trust Wallet also supports Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash…