Day: March 15, 2019

Crypto.com Chain’s CRO Goes Berserk to Gain 468% in a Week

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Crypto.com Chain might be one of the only nascent crypto projects that have maintained its upside hype for a straight week. The project’s CRO token on Friday noted yet another massive movement to the upside. The CRO-to-dollar rate rose as much as 65 percent, bring the pair’s weekly return to a whopping 468 percent. In the said timeframe, the CRO price jumped from a meager $0.019 to a weekly high towards $0.108. At the same time, the CRO market cap surged from $65.736 million to as high as $428.14 million.…

Google Deletes Crypto Malware Targeting Blockchain.com, MyEtherWallet Users

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A Google Chrome browser extension tricking users into participating in a fake airdrop from cryptocurrency exchange Huobi claimed over 200 victims, a security researcher reported in a blog post on March 14. The extension for Chrome web browser, with the name NoCoin, gained 230 downloads before Google deleted it, according to Harry Denley, who runs cryptocurrency scam database EtherscamDB. Denley noted that hackers had purposely disguised the malicious extension to look like a tool protecting users from cryptocurrency malware or so-called cryptojacking. “From the start, it looked like it did…

French NCC Deploy IBM Blockchain For Commercial and Corporate Registries

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IBM and the French National Council of Clerks (NCC) have teamed up to kick off development of blockchain-based commercial court solution devoted to the clerks of commercial courts’ commercial and corporate registry.  “This project, which is the result of an autonomous initiative between clerks of commercial courts and IBM, is the continuation of our efforts to be pioneers in the adoption of innovative technologies, to strengthen the quality of the public service provided by the commercial justice system, dedicated to the expectations and requirements of today’s multipolar and interconnected economic…

Yacht Owners Offered Crypto for Geo-Data as Company Tries to Improve Navigation Systems

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A crypto company that bills itself as “the future of yachting navigation” says its technology enables sailors to mine tokens as they sail. BoatPilot offers a free marine navigation service that is geared toward private and commercial yachting markets. The firm describes itself as a blend of Google Maps and TripAdvisor, as it offers up-to-date and relevant data and a comprehensive database of user-generated photos, routes and comments that have been verified by the yachting community. Augmented reality (AR) support also means that the data that the skippers need can be…

Hong Kong Crypto Exchange Gatecoin Choked to Death by Banking Freeze

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Nowhere does the phrase ‘misfortunes don’t come singly’ appear to be truer than in the case of Hong Kong-based cryptocurrency exchange Gatecoin which has been hacked, had its banking accounts frozen, lost funds to a payment processor and now faces liquidation all in a span of three years. In a statement, Gatecoin revealed that it has to ‘cease operation with immediate effect’. According to Gatecoin, its current predicament was triggered by problems it experienced with banking partners. This saw it turn to a French-regulated payments firm but it soon ran…

Stellar Foundation Appoints Former Mozilla COO as CEO and Executive Director

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The Stellar Development Foundation announced the appointment of former chief operating officer at IT non-profit Mozilla, Denelle Dixon, as its new CEO and executive director. The company announced the event via a press release published on March 14. The current executive director and co-founder of the foundation, Jed McCaleb, will now focus on the network protocol and adoption strategy as chief architect. Per the press release, during her work at Mozilla, Dixon reportedly led the company’s fight for net neutrality and control over personal data. McCaleb commented in the press…

Mt. Gox Mark Karpeles May Avoid Jail Time but Class Action Lawsuits Remain

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Mark Karpeles, the former CEO of the defunct bitcoin exchange Mt. Gox, may eventually avoid jail time following the suspended sentence he received from a Tokyo court but his legal troubles are far from over. A Suspended Sentence May Count as a Win for Mark Karpeles but the Lawsuits are Coming Earlier this week, Karpeles failed to have a U.S. class-action lawsuit in which he is a defendant dismissed. This was after a court in Illinois, a state where around 1.5% of Mt. Gox victims hail from, ruled that there…

CBOE Drops Bitcoin Futures Contract In March

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The Chicago Board Options Exchange or CBOE said it is not adding a Cboe Bitcoin or XBT futures contract for trading in March. As per the statement, Cboe Futures Exchange, LLC or CFE, which adds the contracts, is re-evaluating how to approach trading of digital assets. CFE, a unit of the exchange holding company Cboe Global Markets, provided the contracts list that has been or will be added in March and the beginning of April 2019. However, Cboe said the currently listed bitcoin futures contracts remain available for trading. XBTM19,…

Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee

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Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months. In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn. “I think the key number to watch is the 200-day moving average,” he told the network, continuing: “If Bitcoin holds above $4,000,…

IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions

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The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions. “More than a few banks around the world […] see tremendous business benefit to issue stablecoins in their native…