Month: April 2019

Moody’s Research Warns Corporations That Private Blockchains Contain New Risks

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United States credit rating agency Moody’s Investor Service warned about the dangers of private versus public blockchains in new research issued on April 25. Part of an investigation into the potential impact of blockchain technology on structured finance, the report highlights key differences between current market trends. Specifically, corporations should be aware of the pluses and minuses involved in using private blockchains, which can run without a decentralized consensus or governance mechanism and thus become open to manipulation. “New risks with blockchain technology in securitizations may emerge as well as…

How to Monetize Your Blog or Website With Bitcoin Games

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If you have a popular website, blog or even a large mailing list of people interested in cryptocurrencies or online games, there are a few ways to monetize your traffic. One quick and easy revenue-generating solution is to create a referral program that’s tailored to the interests of your audience. Also Read: How to Start Cloud Mining Bitcoin Cash Monetize Your Traffic With a Referral Program A referral program offers content creators the option to make money from their work, not by getting paid a few cents to display ads,…

Blog: Helping us strike the right balance between journalism and data protection

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Privacy and freedom of expression are both fundamental rights that are equally vital to our society, democracy and way of life. But they can sometimes appear to be in conflict with each other. Our data protection laws aim to reconcile these rights and achieve a crucial balance. But it is important that those organisations engaged in journalism know how to apply the requirements and exemptions in practice.  Respecting individuals’ rights and treating their personal data within the law is vital to maintaining the public’s trust, and this applies to journalism…

Bitcoin on the Defensive But May See Bounce at Key Price Support

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Bitcoin is looking south, as per the bearish divergence of the 14-day relative strength index and other short-term technical indicators. A deeper pullback to levels below $5,000, however, would remain elusive if the 30-day moving average (MA), currently at $5,107 holds ground. That average repeatedly limited losses in March. A rebound from the 30-day MA could be followed by re-test of recent highs above $5,600. A UTC close below the 30-day MA would strengthen the short-term bearish case and expose the 50-day MA lined up at $4,649. Bitcoin’s (BTC) short-term…

$4.3 Million Lost as Crypto Scams in Australia Rise 190% in 2018

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A 190% increase in cryptocurrency scams saw Australian consumers lose $6.1 million Australian dollars ($4.3 million) in 2018, according to a report released by the country’s Competition and Consumer Commission on April 29. The substantial rise from the AU$2.1 million ($1.48 million) lost in 2017 came despite an industry wide slump in cryptocurrency prices, with Australian authorities receiving 674 reports where crypto was used to pay scammers. Most of the victims were targeted by investment scams where they are encouraged to purchase digital currencies or asked to make crypto payments for access…

Bitcoin Momentum Fails, Bearishly Overbought for the First Time Since 2017

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By CCN.com: According to a cryptocurrency trader, a technical indicator of bitcoin is signaling a potential downturn in the market for the first time since December 2017. The indicator, known as the Relative Strength Indicator (RSI) bearish divergence, signals a bearish downtrend and a decline in momentum. The bitcoin price has slightly declined in the past week (source: coinmarketcap.com) The RSI is typically utilized by traders to evaluate the momentum of the trend of an asset or a market. A bearish divergence flashes when the price of an asset, in…

Financial Watchdog Adopts Role as Supervisory Authority for Crypto Sector

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Finland’s Financial Supervisory Authority (FIN-FSA) is set to assume its role as a registration authority and supervisory agency for crypto industry participants as new legislation comes into force this week. The news was revealed in an announcement published by FIN-FSA on April 27. With Finland’s Act on Virtual Currency Service Providers set to come into effect on May 1, the watchdog clarifies that it will henceforth be statutorily required to register all crypto exchanges, custodian crypto wallet providers and cryptocurrency issuers operating in the country. As FIN-FSA notes, the new…

XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Photo: Binance Research / Twitter So-called cluster analysis, is a well-known statistics technique that helps to group/ classify objects under one roof and Binance now used it in order to explore the top 30 cryptoassets retrieved from CoinMarketCap. The report, which is titled, “Categorizing Cryptoassets: A Return-Driven cluster Analysis,” focuses on the correlation between cryptocurrencies in terms of price. The research showed that based on weekly returns, large cryptoassets such as Bitcoin and Ethereum exhibit the highest correlations, but XRP displays a lower correlation and is an exception as the…

Iota Partners With Jaguar Land Rover on Crypto Rewards Program, Price Jumps 20%

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United Kingdom car manufacturer Jaguar Land Rover will use blockchain network Iota to reward drivers with cryptocurrency for data reporting, the companies confirmed in a press release on April 29. Part of a plan to gather better information on road conditions and vehicle performance, Jaguar will distribute Iota’s Iota tokens to Smart Wallets tied to participating drivers. The drivers will then be able to redeem them for various products including road tolls and even coffee, Jaguar says. “In the future an autonomous car could drive itself to a charging station,…

Volkswagen to Make Supply Chain Transparent with Blockchain with Hackathon Winner Minespider

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The solution developed by Minespider is a proprietary protocol built on a public blockchain. A multi-layer architecture guarantees the security of the sensitive supply chain data despite the open source approach. One layer of the protocol contains generally accessible information, a second layer contains the private data blocks which cannot subsequently be changed, and the third layer is the encryption layer. The advantage versus a private blockchain is that everyone – from suppliers and sub-suppliers through to those directly responsible for mining or recycling the raw material – works with…