Day: June 10, 2019

Japan’s Transport and E-Commerce Partnership on the Fast Track

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The Japanese transportation industry is leading the country’s long-standing efforts to go cashless. Earlier this month, two major players from the archipelago’s e-commerce and transport industries partnered up to simplify and promote payments that do not require hard cash. Homegrown e-commerce giant Rakuten plans to incorporate its services into Japan’s premier railway firm, the East Japan Railway Company or JR East to provide electronic support for its “Suica” cards. The cards are used to access trains as well as to pay for goods and services at certain kiosks in train…

Japan’s Transport and E-Commerce Partnership on the Fast Track

boss

The Japanese transportation industry is leading the country’s long-standing efforts to go cashless. Earlier this month, two major players from the archipelago’s e-commerce and transport industries partnered up to simplify and promote payments that do not require hard cash. Homegrown e-commerce giant Rakuten plans to incorporate its services into Japan’s premier railway firm, the East Japan Railway Company or JR East to provide electronic support for its “Suica” cards. The cards are used to access trains as well as to pay for goods and services at certain kiosks in train…

Bitcoin Poised to Correct by 25% Despite BTC Rebound to $8,000

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Bitcoin Needs to Correct? In the past 24 hours, Bitcoin (BTC) has rebounded, rising from $7,700 to $7,980 as of the time of writing this. With this, many are sure that bulls have returned and a here to stay, especially considering the bears failed to continue to depress digital assets after last weekend’s drop. However, many are coming to the conclusion that a further draw down to key trend levels is only a matter of time. In a recent tweet, analyst Teddy, who was drawing attention to Bitcoin’s weekly chart,…

Cybercriminals Use Obfuscation Trick to Install Crypto Mining Malware

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Cybersecurity firm Trend Micro has confirmed that attackers have been exploiting a vulnerability in the Oracle WebLogic server to install monero (XMR) mining malware, while using certificate files as an obfuscation trick. The news was revealed in a Trend Micro blog post published on June 10. As previously reported, forms of stealth crypto mining are also referred to with the industry term cryptojacking — the practice of installing malware that uses a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. According to Trend Micro’s post,…

US Retailer Target Unveils Open Source Blockchain for Supply Chain Tracking

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United States-based retail giant Target is creating an open source blockchain project for supply chain tracking, according to an official blog post from the company’s VP of architecture on April 22. According to the post, Target ran a pilot test using blockchain technology to certify its paper products along the supply chain in 2018. The blockchain used in the test period was reportedly made open source on GitHub recently as “ConsenSource” — at least as far back as two months ago, judging by the repository’s update history. According to the…

UAE-Based Crypto Exchange Seals Preliminary Approval From Regulators

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United Arab Emirates (UAE)-based crypto asset exchange and custodian Arabian Bourse (ABX) — a joint venture from GMEX Group and Arshad Khan — has received initial regulatory approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM). The news was reported by financial news website Markets Media on June 6. GMEX Group is a set of firms offering multi-asset exchange trading, post trade infrastructure and business and technology solutions. The Arabian Bourse project — established together with  regional exchanges founder Arshad Khan — aims to serve as…

Crypto Advocacy Center Says Proposed UK AML Regulations Violate Privacy Rights

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Coin Center — a nonprofit research and advocacy center focused on crypto-related public policy issues — has urged Her Majesty’s Treasury not to over-broaden the scope of the United Kingdom’s anti-money laundering/counter terrorism financing (AML/CFT) regulations. The development was revealed in an official Coin Center news release published on June 10. Coin Center’s central concern regards HM Treasury’s plans to ostensibly “impose data collection and reporting requirements on not only cryptocurrency developers, but all open-source software developers and others who facilitate the peer-to-peer exchange of cryptoassets,” as the news release…

Coinbase Earn Now Supports Ethereum-Based Dai Stablecoin

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Major crypto platform Coinbase has added a course on MakerDao’s stablecoin dai in its educational portal Coinbase Earn, according to an official blog post by Coinbase on June 10. According to the post, dai is the first stablecoin covered by Coinbase Earn, which will offer videos and quizzes to help users learn about the token, and receive some Dai for their efforts. As summarized in the announcement, the Ethereum-based stablecoin Dai is backed by its sister token maker (MKR) and is balanced around retaining a stable value of $1 over…

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA: Price Analysis 10/06

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. In a joint communiqué, G20 finance ministers and central bank governors have said that “technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.” This statement suggests that central banks are warming up to the new technology.…

Bitcoin May Soon Return to $9,000, Fractal Suggests: BTC Taps $8,000

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Bitcoin Surges Back to $8,000, Could Rally Higher In a surprising move, Bitcoin (BTC) bulls have returned in a move straight out of left field. After wallowing in between $7,500 and $7,800 for a number of days, buyers recently pushed the cryptocurrency back up to $8,000 — or just shy of this auspicious level anyway. Most didn’t expect such a bounce, but it has been welcomed by a number of analysts, many of which hope that BTC will soon resume its uptrend. While this move seems innocuous enough, one analyst…