Day: June 18, 2019

Japanese Gov’t Agency Reports 170% Increase in Consumer Inquiries About Crypto in 2018

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Japan’s Consumer Affairs Agency has reported that 2018 saw a 170% uptick in the number of consumer queries about cryptocurrencies as compared with the previous year. The news was reported by Cointelegraph Japan on June 18. The Consumer Affairs Agency (CAA) is an administrative agency of Japan’s Cabinet Office — the office responsible for the day-to-day affairs of the government’s executive branch (the Diet). The CAA submits its report on the consumer sector and matters of consumer protection to the Diet each year: last year’s is accessible in English, while…

Facebook’s ‘Globalcoin’ Has Nothing to Do With Blockchain: Nouriel Roubini

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Photo: Wikimedia Commons Nouriel Roubini, a cryptocurrency skeptic, and a famous economist have said Facebook`s soon to be unveiled next week and launch next year GlobalCoin, is not actual Crypto. These were his exact statement: It has nothing to do with Blockchain. Fully private, controlled, centralized, verified, and authorized by a small number of permissioned nodes. So what is Crypto or Blockchain about it? None.” Permissioned Nodes on Facebook`s “Globalcoin” Talking of permissioned nodes, recent reports have hinted that Facebook is expecting to sign up as many as 100 companies…

Venezuelans Set Bitcoin Trading Record amid Crumbling Hyperinflation

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According to data released by crypto monitoring website Coin Dance for the week ending June 15, 2019, economically troubled country Venezuela witnessed all-time high bitcoin (BTC) trading activity on P2P exchange platform Localbitcoins. Venezuelans Turn to Bitcoin to Battle Hyperinflation Venezuela is one of the few countries in the world that has actively used bitcoin as a store of value and medium of exchange to counter the rampant inflation and worsening economic crisis brought about by a series of miscalculated decisions made by its government. Data from Coin Dance shows…

Round-Up of Crypto Exchanges Hack So Far in 2019, How Can It Be Stopped?

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Throughout the past six months, seven crypto exchanges have reported large-scale hacking attacks in the tune of tens of millions of dollars, with the most recent platform to suffer a security breach being GateHub. As the global crypto exchange market continues to see an increasing number of security breaches leading to the loss of user funds, investors may become reluctant to rely on centralized exchanges to store funds. GateHub — 18,473 accounts affected As reported by Cointelegraph on June 6, the United Kingdom and Slovenia-based crypto exchange GateHub reported the…

Tezos Commons Exec Raises Concerns Over Suspicious Activity by Hard Fork Developers

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Members of the community around decentralized platform Tezos have raised concerns about an alleged upcoming hard fork of its blockchain. The issue appeared in a blog post by Tezos Commons executive director Shaun Belcher on June 17. Discussing what he described as evidence of collusion between two third-party entities, Belcher warned that the hard fork, planned for September, was an attempt to split Tezos user sentiment. The parties involved are the management team of OCamlPro, a French programming language, and blockchain fund Starchain Capital, which Belcher intimates as mysterious. “It’s…

Russian Hackers May Have Masterminded the $530 Million Coincheck Theft

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Published: 18/06/2019 03:08 EST. Journalist: By CCN Markets: Japanese crypto exchange Coincheck was dealt a significant blow in January 2018, losing $530 million worth of New Economy Movement (NEM) tokens to an unknown group of hackers. It is widely believed that North Korean hackers were behind the biggest crypto exchange theft ever. But Japanese newspaper Asahi Shimbun reports that Russian hackers were the ones who orchestrated the attack. Russian breadcrumbs in the Coincheck crypto exchange hack The Japanese newspaper says that the examination of a Coincheck employee’s personal computer revealed…

Bitcoin Trend Overwhelmingly Bullish: Dips In BTC Remain Supported

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Bitcoin price traded to yet another 2019 high near $9,470 and corrected lower against the US Dollar. The price is trading nicely above the $9,200, $9,150 and $9,000 support levels. There is a key breakout pattern forming with support near $9,220 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct towards the $9,150 or $9,000 support before it starts a fresh rally. Bitcoin price is showing a lot of bullish signs above $9,000 against the US Dollar. BTC currently traded towards $9,500 and…

Breez Unveils Its Lightning-Powered Bitcoin Payments App for iPhone

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Photo: Breez / Medium On Monday, June 17, payments platform Breez unveiled its Bitcoin payments app for iPhone in an attempt to boost the Bitcoin (BTC) adoption. As per the company announcement, this is the first project built on the Bitcoin network Lightning client called the Neutrino. Solving Bitcoin’s Mobility and Usability Problems Breaking the ice is the non-custodial wallet and payments platform, Breez. Under the vision of having a Lightning Economy, Breez aims to make Bitcoin mobile to a point where individuals can use it easily. Breez’s vision of…

Binance Announces Launch of Bitcoin-Pegged Token (BTCB)

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According to a blog post on the Binance website on June 17, 2019, the cryptocurrency exchange giant announced plans to launch BTCB, their Bitcoin-pegged token. The pairing is the beginning of a string of similar crypto-pegged BEP2 token pairs for trading on the Binance DEX platform, per the announcement. First BEP2 Token Backed 100% by Bitcoin The Malta-based cryptocurrency exchange Binance is set to launch the first BEP2 token trading pair which would be wholly pegged to the number one virtual coin, bitcoin. Before the announcement, the exchange’s CEO, Changpeng…

Crypto Market Primed For More Gains: Bitcoin Cash, BNB, Litecoin, TRX Analysis

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The total crypto market cap climbed further higher above the $280.0B resistance area. Binance coin (BNB) price is up more than 5% and it is approaching the $35.00 resistance area. Litecoin (LTC) price is consolidating above the $130.00 support area. Bitcoin cash price is holding the $420 support and it could climb higher in the near term. Tron (TRX) price is slowly moving higher towards the $0.0350 and $0.0380 resistance levels. The crypto market cap is gaining bullish momentum, with strong gains in bitcoin (BTC). Ethereum (ETH), BNB, litecoin, ripple,…