Day: June 17, 2019

Android Phishing Malware Impersonates Turkish Cryptocurrency Exchange

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The cybersecurity company behind major antivirus software NOD32, ESET, reported on June 17 that new Android malware sidesteps Google’s SMS permissions restrictions to get hold of two-factor authentication (2FA) codes received via SMS. Per the report, some malicious apps are capable of accessing one-time-passwords sent to users via SMS by circumventing the restrictions recently implemented by Google. Furthermore, the same technique reportedly also allows for accessing email-based codes. According to the author, the apps in question impersonate Turkish cryptocurrency exchange BtcTurk and phish for login details to the service. The…

JP Morgan Analyst Admits Institutions are Behind the Bitcoin Bull Run

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An analyst associated with the US multinational bank JP Morgan Chase has admitted that institutional investors are behind the ongoing bitcoin price boom. Bloomberg quoted Nikolaos Panigirtzoglou saying that the market hugely understated the importance of the listed bitcoin futures contracts, mostly because of the overstating of trading volumes by cryptocurrency exchanges. But after asset management firm Bitwise clarified that almost 95 percent of the total reported volumes in the bitcoin market might be fake, the actual amounts posted by the bitcoin futures contracts started showing a bullish picture. Panigirtzoglou found that…

OKCoin, Payments Processer Simplex Partner on Card-Enabled USD Deposits for Int’l Users

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Major fiat-crypto trading platform OKCoin has partnered with fintech firm Simplex to enable global users to make USD deposits via debit or credit card. The news was announced in a press release shared with Cointelegraph on June 17. As an European Union-licensed financial institution and payments processing provider, Simplex — which has offices in Israel, the United Kingdom, United States and Lithuania — will offer card-enabled USD deposits for OKCoin users outside of Europe, China and the U.S., according to the press release. The partners reportedly plan to extend the service…

UK Interdealer Broker TP ICAP to Sell CME’s Bitcoin Futures

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United Kingdom-based interdealer broker TP ICAP will sell bitcoin (BTC) financial derivatives, Bloomberg reports on June 17. Per the report, the ICAP unit of the firm now allows its customers to buy or sell the Chicago Mercantile Exchange’s (CME) bitcoin futures. In June, the Chicago Board Options Exchange’s bitcoin futures will expire with no current plans for renewal, leaving the CME as the sole offerer of BTC futures. TP ICAP also reportedly expects to add non-deliverable forwards tied to the largest cryptocurrency, and then plans to open desks in Asia…

Georgian Gov’t, IOHK Partner to Develop Blockchain in Education, Ministry Services

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The government of Georgia has signed a memorandum of understanding (MoU) with blockchain technology firm Input Output Hong Kong (IOHK) to implement blockchain-enabled projects across business, education and government services. The news was revealed in a press release shared with Cointelegraph on June 17. The MoU has been signed between the Georgian Ministry of Education and Science and IOHK, and will see the two entities collaborate on developing the technical, commercial and operational capacities to foster blockchain projects and support fintech businesses in the blockchain and digital asset sector. IOHK…

Facebook (FB) Stock Upsurges to All-Year High Prior to Globalcoin Launch

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Photo: Shutterstock Since Facebook announced the launching of its crypto-related venture, the social media powerhouse has enjoyed recognition like never seen in the past year. Mark Mahaney and Zachary Schwartzman of RBC Capital Markets in an interview by CNBC, stated: “We believe this may prove to be one of the most important initiatives in the history of the company to unlock new engagement and revenue streams.” Barely on its heels towards monetizing their social messaging platforms – Instagram, WhatsApp and Facebook Messenger. The company is likely to amass an unprecedented…

Binance Announced Bitcoin-Pegged Token (BTCB) on Binance Chain

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Binance will introduce crypto-pegged tokens on Binance Chain. A Bitcoin-pegged token (BTCB) will be traded on Binance and proposed for trading on Binance DEX. Binance, the world’s largest cryptocurrency exchange by volume,  will issue a number of crypto-pegged tokens on Binance Chain (BEP2 token format) in the coming days, starting with Bitcoin-Pegged Token (BTCB). The company is going to make its first token pegged to leading cryptocurrencies available for trading on Binance.com quite soon. Moreover, it will also try to push this new token to its decentralized platform, so, it…

Bitcoin Breaks $9,300 as US Stock Market Sees Minor Downturn

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Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) passed the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about 2.69% on the day, trading around $9,341 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 18%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, bitcoin surpassed one million daily active addresses on June 14, according to blockchain statistics website CoinMetrics. Ether (ETH)…

Coinbase Bitcoin Custodial Service Aiming to Hit $2 Billion in Assets

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Coinbase Custody, the blockchain-based digital assets custodian that claims to function as a standalone, independent-capitalized business to Coinbase cryptocurrency exchange, has revealed via a tweet on June 13, 2019, that it currently holds nearly $1.5 billion in cryptoassets under custody and it’s working hard to up that number to $2 billion by the end of this year. Coinbase Custody to the Moon Since its launch during the crypto winter of 2018, Coinbase Custody has thrived significantly despite all odds. Now, per a tweet from the team, the firm now the total…

Bitcoin Price Now Pressing $9K Resistance, Tries to Leave Lateral Market Behind

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Bitcoin Price Now Pressing $9K Resistance, Tries to Leave Lateral Market Behind June 17, 2019 by Ramiro Burgos The bitcoin price is back above $9,000 USD! But will it stick this time? We could appreciate a degree of skepticism there, but our weekly technical analysis report hints that it might be back on the way up. As always there are many factors at play — read on to find out what they are, and what impact they could have. Also read: Bitcoin Price Adrift in Volatility Confusion, Touring a Lateral $9000-6000…