Day: June 17, 2019

Bitcoin.com Just Rebranded – Check out Our New Look

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You may have noticed that Bitcoin.com is looking a little different. We’re excited to unveil our new look after six months of hard work. Our domain has a long history, and as a company we’ve grown a great deal. After consideration of the crypto future ahead of us all, we decided to reshape Bitcoin.com’s design to present a greater image of things to come. Also read: How to Exchange Your Amazon Gift Cards for Bitcoin Cash Bitcoin.com’s Revamped Design Is Here Operating the domain Bitcoin.com has been a wonderful experience…

Japan Data Initiative Brings Blockchain Security to 100 Major Businesses

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A data-sharing initiative involving one hundred of Japan’s biggest companies will use blockchain for its security, English-language news outlet Nikkei Asian Review reported on June 17. The project, which will commence in spring 2020, aims for participants to share production data in order to enhance overall efficiency. Its controller is the Industrial Value Chain Initiative, an industry organization formed four years ago by manufacturers interested in the Internet of Things (IoT). Among prospective participants are DMG Mori, Mitsubishi Electric and Yaskawa Electric. “Blockchain […] is expected to lower the risk…

CBDC Under Consideration, But Not For Near Future

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The head of Russia’s central bank, the Bank of Russia, has said that while the launch of a central bank digital currency (CBDC) is being explored, it is not a matter for the near future. The news was reported by Russia government-backed media agency TASS on June 15. A CBDC is a digital currency issued by a central bank that has the status of legal tender and other properties of centralized, fiat money. TASS reports that Bank of Russia’s head Elvira Nabiullina told an audience at a student conference in…

Lack of Tech Understanding Stands Behind the 2018 Bitcoin Bear Market

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Lack of Tech Understanding Stands Behind the 2018 Bitcoin Bear Market June 17, 2019 by Jeff Fawkes You may have noticed the bitcoin bear market during 2018, which came hot on the heels of 2017’s record bull run. If you still didn’t recognize this as an ultra-large “pump and dump” scheme, let me show everything to you in a new light. Also read: Florida Creates a Task Force to Investigate Blockchain’s Economic Benefits Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Crypto Veterans Knew Beforehand That Prices…

Record-Breaking Coincheck Hack Perpetrated by Virus Tied to Russian Hackers

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The personal computers of employees at hacked Japanese crypto exchange Coincheck have allegedly been found to have been infected by a virus associated with a hacker group of Russian origin. The allegation was reported by Cointelegraph Japan on June 16. As Cointelegraph has reported, in January 2018, Coincheck suffered an industry record-breaking hack when $534 million worth of NEM was stolen from its wallets. Cointelegraph Japan cites a report from Japanese media agency Asahi Shimbun, which claims that fresh research has cast doubt on prior assumptions that the high-profile hack…

Bitcoin Markets Now Show Greater Influence From Institutional Investors: JPMorgan

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JPMorgan Chase (JPM) thinks the Bitcoin (BTC) industry has changed considerably since 2017, citing an increase in institutional interest, Bloomberg reported on June 15. The publication quoted a report led by managing director of global market strategy of the United States’ largest bank, Nikolaos Panigirtzoglou, in which researchers examined recent phenomena surrounding cryptocurrency exchanges. As Cointelegraph reported, an investigation by asset manager Bitwise in March — and again last month — revealed that a significant amount of trade volume reported by exchanges was likely fake. Citing JPM, Bloomberg notes that…

Samsung to Seek Collaboration With Platform Firms on Blockchain Innovation and 6G

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The vice chairman of South Korean consumer electronics giant Samsung says the firm will seek to collaborate with platform companies on the development of blockchain, artificial intelligence and sixth-generation mobile networks. The news was reported by Bloomberg on June 16. The vice chairman, Jay Y. Lee — who reportedly serves as the firm’s de facto leader — held discussions with Samsung executives to discuss the potential collaborations last week, according to a company statement cited by Bloomberg. A platform company is an initial acquisition by a private equity firm for…

Korean Crypto Exchanges Update T&Cs to Accept Liability for Hacks

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A number of South Korean cryptocurrency exchanges have been forced to update their terms and conditions to accept liability for potential hacks and service issues. According to a report by the Yonhap News Agency, South Korea’s antitrust watchdog, the Fair Trade Commission, said Monday that five exchanges in total had made the change after it issued a corrective recommendation. Bithumb, an exchange that has been hacked twice in a year, is included in the five exchanges, the report says. Last June, the platform lost roughly $31 million in cryptocurrencies, and,…

Bitcoin, Ether, and XRP Weekly Market Update June 17, 2019

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The total crypto market cap added $38.7 billion to its value for the last seven days and now stands at around $283.4 billion. The top 10 currencies are all in green for the same time frame with Bitcoin (BTC) being and Litecoin (LTC) being the biggest gainers with 19 percent and 17.5 percent respectively. By the time of writing bitcoin (BTC) is trading at $9,141 while ether (ETH) stands at $269. Ripple’s XRP is at $0.429. BTC/USD Bitcoin opened the new week with a solid green candle on June 10.…

5 South Korean Crypto Exchanges Take On New Responsibility for User Losses

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Five cryptocurrency exchanges in South Korea have increased their liability to users in line with demands from regulators. Local English-language news outlet The Korea Herald reported the news on June 17, citing Yonhap News Agency. A year after the Fair Trade Commission requested Bithumb and four other platforms to adapt their policy, the companies will now hold themselves accountable in the event of user funds being stolen. The onus for paying out will lie with the exchanges even if no willful or gross negligence occurred on their part, The Korea…