Day: March 18, 2019

Overstock CEO Praises tZERO Blockchain Platform in Q4 Earnings Report

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Canadian online retailer Overstock.com said it would counter its significant losses for 2018 with a return to profits this year in its Q4 earnings report released on March 18. Overstock, which is famous as being one of the first major retailers to accept Bitcoin (BTC), saw profitability dive through last year as a result of a change of strategy, something CEO Patrick Byrne says he will now reverse. “Our retail arm lost money last year because I gunned things in an attempt to create a conventional high-growth/money losing e-commerce business,…

French Cybersecurity Agency Grants Security Certificate to Ledger Nano S Hardware Wallet

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The Ledger Nano S from French crypto hardware wallet firm Ledger has received a First Level Security Certificate (CPSN) from France’s national cybersecurity agency, ANSSI. The development was shared with Cointelegraph on March 18. The National Cybersecurity Agency of France (ANSSI) reports to the Secretariat-General for National Defence and Security (SGDSN) in order to assist the French Prime Minister in matters of defence and national security. According to their list of certified products, 122 out of 261 products that ANSSI has started evaluating since June 1, 2018, have been certified.…

Why Crypto Asset Enjin Coin Rose 25% in a Surprising Rally

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As the top crypto assets hint to go down, one cryptocurrency is beginning the week with a bang. Enjin Coin (ENJ) on Monday traded at $0.211, up 25% from the market open. Earlier today, during the Asian morning session, the crypto asset was trading at as low as $0.165. The price rally appeared majorly in the wake of a surprising volume surge in the South Korean markets. The move led ENJ-to-dollar rate above its new yearly high towards 0.227. ENJ Price Rally | Source: CMC Based on 24-hour live data,…

Bitcoin Holds Above $4000, Prepares for the Next Rally

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Photo: Simple FX / Flickr Over the last weekend, the crypto market and Bitcoin showed a healthy northward movement. Over the last three days, the overall cryptocurrency market cap grew by $5 billion. Bitcoin (BTC) too was able to surge past the $4000 benchmark and is successfully holding up to those levels. At the press time, the overall cryptocurrency market cap stands at $138 billion. Also, Bitcoin is trading at a price of $4018 with a market cap of $70.7 billion. Today, the market is showing minor signs of correction…

Crypto is Breaking Out, But Bitcoin (BTC) Still Needs To Surmount $4,400

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Crypto Breaks 1Yr+ Downtrend Over recent weeks, the crypto market has embarked on a stellar rally. While some have described the price action as a “bull trap” or something of a similar nature, some evidence is pointing towards the fact that this market may be on the verge of a long-term rally, or at least a long bout of sideways movement underscored by a bullish trendline. The fact that Bitcoin (BTC) recently surpassed $4,000 has only somewhat cemented this theory. Nik Patel, a popular content creator in this space, recently…

Coinbase Pro Has Good and Bad News Regarding Fees for Traders

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Coinbase Pro is changing its fee structure later this week, with bottom tier traders seeing a hike and higher value clients paying less. The San Francisco-based cryptocurrency exchange announced the news in a blog post on Friday, saying that, starting March 22, market makers and takers who fall under the pricing tier of up to $100,000 will be subject to total fees of 0.40 percent, as compared to up to 0.30 percent (taker only) currently. The $100,000 to $1 million tier will stay with the current total fee of 0.30 percent,…

Crypto Exchange Cryptopia Reveals Customer ‘Rebate’ Plan after $16 Million Theft

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More than a fortnight since Cryptopia hinted at reimbursing users affected by a security breach that occurred in mid-January, the New Zealand-based cryptocurrency exchange has confirmed to customers that it will offer a ‘rebate’. This was revealed in an emailed statement that was sent to users: There will be a rebate for customers who unfortunately lost funds. We are working through the logistics of this to ensure it is equitable and in compliance with local laws. CryptoX Portal

Crypto Exchange Cryptopia Reveals Customer ‘Rebate’ Plan after $16 Million Theft

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Crypto Exchange Cryptopia Reveals Customer ‘Rebate’ Plan after $16 Million Theft New Zealand-based cryptocurrency exchange Cryptopia isn’t open for trading just yet, but the exchange has announced a reimbursement plan for customers. | Source: Shutterstock More than a fortnight since Cryptopia hinted at reimbursing users affected by a security breach that occurred in mid-January, the New Zealand-based cryptocurrency exchange has confirmed to customers that it will offer a ‘rebate’. This was revealed in an emailed statement that was sent to users: There will be a rebate for customers who unfortunately…

Israeli Bank Policy Should Not Have Shut Down Bitcoin Mining Firm’s Account, Court Rules

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An Israeli court has ruled in favor of a Bitcoin (BTC) mining company after a local bank closed its account over money laundering concerns. Israeli daily business news outlet Calcalist reported the development on March 17. Israminers, which sued Bank Igud (the Union Bank of Israel Ltd.) in May 2018, had faced problems with cash flow due to the bank blocking deposits which it said was against its terms. Following a lengthy appeals process, a Tel Aviv district court judge argued that the bank’s policy on cryptocurrency clients was too…

What’s Driving The Bitcoin (BTC) Rally Past $4,000? Factors and Trends

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At long last, Bitcoin (BTC) bulls have begun to rear their ugly heads. While cryptocurrency investors have invited this influx of buy-side pressure with outstretched arms, no one has pinned this rally, which pushed BTC past $4,000, to anything in particular. Sure, technical indicators are buoyant, as is communal sentiment. But, what’s really at the wheel of this uptick when you get to the nitty-gritty? Chinese Money Influx Anton Pagi, a salesman by day and Bitcoin trader by night, recently drew attention to a little-known statistic that could be behind…