Day: March 27, 2019

Why Trump’s Controversial Fed Pick is Massively Bullish for Bitcoin

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Donald Trump might frequently complain about the Federal Reserve and Jerome Powell, but until now no one cared. His latest move to recommend Stephen Moore for a seat on the Fed’s board is potentially explosive, with ripple effects that could hit the global monetary system hard. Puppet central banks and inflation go hand in hand, so over the long-term, this could be extremely bullish for Bitcoin. Trump’s Assault on Fed’s Independence Could be Great for Bitcoin The Federal Reserve has always been sacred. Presidents will appoint yes-men in every walk…

Crypto Exchange Kraken Makes 2FA Mandatory and Forms New Security Lab

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Nick Percoco, chief security officer at United States-based cryptocurrency exchange Kraken, announced that two-factor authentication (2FA) is now mandatory for the exchange’s users in a post on the company’s official blog published on March 26. 2FA, in this case, is an additional component needed to access an account. Often 2FA requires the user, after entering their login information, to also enter a one time password (OTP) received via SMS. Per the announcement, Kraken supports Google Authenticator  and YubiKey as 2FA implementations. YubiKey is a hardware device dedicated to generating OTPs,…

Ukrainian Man Faces up to 6 Years in Jail for Cryptojacking on His Own Websites

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Ukraine’s Cyber Police have arrested a man who allegedly placed crypto mining malware scripts on his own websites, local law enforcement reported on March 26. The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region who allegedly placed cryptojacking software on a number of educational websites that he created and administered. The unspecified websites and internet resources had 1.5 million monthly visitors, the police reported. The police also stated that the installed malware on the websites was deploying visitors’ devices’ CPU and…

Exclusive: Why The Hell Is Tron CEO Sun Giving Away $20 Million?

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While the crypto wealthy have been known to be generous (just look at the Pineapple Fund), their charitable habits have diminished over the course of the ongoing bear market, which has pushed Bitcoin from $20,000 to $4,000. But, Justin Sun, the chief executive of the Tron blockchain project, doesn’t seem to be abiding with this unspoken rule. The Chinese cryptocurrency entrepreneur recently announced a multi-million dollar giveaway to his fervent community. And from the looks of it, there are surprisingly no strings attached. Sun doesn’t seem to be yanking anyone’s…

Lightning Offers Growth Path for Emerging-Market Crypto Exchanges

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While leading cryptocurrency exchanges like Coinbase and Binance feverishly add new tokens, smaller exchanges serving emerging markets are pivoting toward retail applications of the lightning network’s bitcoin scaling solution. The latest is Singapore-based exchange Zebpay, which now offers lightning wallet options for users who want to send lightning-enabled payments to external wallets. Bitcoin users can cash out their crypto directly to make a nearly instant payment to any lightning-friendly wallet. For now, Zebpay will enable this feature by handling all the channels to recipients on the back-end. “Next comes allowing…

How to Print Your Own Bitcoin Cash Paper Wallet

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Cryptocurrency might be a digital asset, but that doesn’t mean you have to forgo the sensation of grasping your money in your own hands. Paper wallets are a staple feature of using cryptocurrency and today’s tip is a tool that lets you easily print them for yourself. Also Read: How a Large Crypto Mining Operation Is Handling the Current Market How to Use a Paper Wallet Generator There are many cryptocurrency paper wallet generators you can find online, but if you are going to use a service to secure your…

London Metals Exchange Endorses International Blockchain Initiative: FT

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United Kingdom-based global metals trading mecca the London Metals Exchange (LME) is reportedly backing an effort to disrupt industry supply chains with blockchain, but would not confirm its involvement, the Financial Times (FT) reported on March 27. Citing unnamed sources familiar with the alleged plan, FT reported that LME is supportive of an international plan to use blockchain in order for the metals industry to increase transparency around its operations. The participants include Swiss metals giant Mercuria in the role of leader, with banks ING and Macquarie also on board.…

EOS Price Trending in Green Following 11.92% Surge

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Cryptocurrency market on Wednesday added approximately $6 billion to its overall valuation. The top 25 coins, including bitcoin and ethereum, trended in green during the Asian session. But the biggest takeaway was EOS, a blockchain protocol asset, which posted maximum daily gains among the top ten crypto assets after rising 11.92%. During the European session, EOS/USD established a fresh weekly high towards 4.18, its best since February 25. The pair noted a small correction as the session matured, dropping 1.43% by the time of this writing. At the same time,…

Crypto Exchange CoinBene Assures Users That Prolonged Maintenance Not Due to Hack

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Top-ranked cryptocurrency exchange CoinBene has reassured users that its prolonged maintenance downtime is not due to a hack, as some community members had feared. The exchange made its official announcement in an official tweet today, March 27. With the announcement, CoinBene has responded to users’ ongoing concerns that delays in processing deposits and withdrawals were signs of a possible platform hack. In its statement, CoinBene — currently ranked 4th on CoinMarketCap by adjusted daily trade volume — clarifies that is has been undertaking measures to update the exchange’s wallet immediately.…

Börse Stuttgart, Axel Springer to Jointly Launch Crypto Trading Venue

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Germany’s second largest stock exchange Börse Stuttgart is partnering with European digital publishing titan Axel Springer and its subsidiary Finanzen.net to jointly launch a blockchain-powered trading venue. The development was announced in a public Finanzen.net — the country’s largest online financial portal — news release on March 27, alongside a detailed media release from the three partners, shared with Cointelegraph on the same date. The new initiative will aim to combine investment information services and a blockchain-powered trading venue under the canopy of one platform. To realize the project, Börse…