July 12, 2019

US Sanctions on Iran Crypto Mining — Inevitable or Impossible?

July 12, 2019 boss

If there’s one thing the United States has had a history of, it’s imposing sanctions on its enemies. Venezuela, Cuba, North Korea, Russia and numerous other nations have been subject to restrictions and penalties over the years, with the U.S. harnessing its economic muscle in order to punish pretty much any country that doesn’t play by the international rulebook. One of the most notable of these countries is Iran — which, since the Iran hostage crisis of 1979, has been on the receiving end of a long series of prohibitions, blocks and…

Bitcoin (BTC) Absorbs Sell Pressure, Will $11,200 Hold?

July 12, 2019 boss

Bitcoin (BTC) up 2.8 percent Hackers strike Bitpoint, user funds stolen Bitpoint is the latest Japanese exchange to lose customer funds through a hack. In an announcement, the exchange said it lost $32 million worth of Bitcoin, Litecoin and other coins stored in their hot wallet. At the time of press, BTC is up 2.8 percent. Fundamentals Japan is known for its flexibility. As one of the early adopters, Japanese regulators are firm on their oversight. Formulating and implementing consumer-centric laws, the Financial Services Agency (FSA) has the best interest…

Price Analysis 12/07: BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, TRX, XLM

July 12, 2019 boss

Bitcoin has risen after Trump’s negative tweets. Can it continue its move up or will it reverse direction? Let’s look at the charts. 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. United States President Donald Trump bashed both Facebook’s Libra and Bitcoin in a series of tweets on July 11. However, the interesting…

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

July 12, 2019 boss

P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the move as a way to pull in the reins on re-dollarization, and implement greater controls and stability. Others see the new currency as a disastrous decision paving the way for continued hyperinflation. Also read: The…

‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders

July 12, 2019 boss

‘No Way the Current System Can Survive’

July 12, 2019 boss

When people outside of crypto think of John McAfee, they think computers, cybersecurity, anti-virus software. But in the world of crypto and blockchain, you think of a yacht in tropical waters, passionate — and sometimes, admittedly, inebriated — tweets on tech and crypto… and an enviable amount of partying. When I called McAfee to talk on record, he was sitting at a table outside a cafe in Cuba with palm trees and patches of blue sky behind him. We talked about McAfee’s presidential campaign in the United States, his relationship…

Ethereum (ETH) Vulnerable, Prices Below A 3-Month Support Trend Line

July 12, 2019 boss

Ethereum (ETH) is down 3.2 percent Omar Reyes, a candidate vying for a Congress seat in Florida, wants to issue an Ethereum token Props, an ERC-20 token, is compliant with a key regulation. As a result, investors can have a financial stake in the issuing company following SEC qualification. As of the time of writing, bears are in control after the July 11th’s breakout below the main support trend line. Ethereum Price Analysis Fundamentals Well, it appears as if blockchain is not immune from politics. The disruptive platform may have…

ТrueDigital Plans to Launch CFTC-Regulated Crypto Derivatives Exchange

July 12, 2019 boss

New York-based financial technology firm trueDigital Holdings LLC is aiming to acquire the registrations of trueEX LLC in a bid to launch a fully-regulated crypto derivatives exchange, according to a press release published on July 12. Per the release, trueDigital has concluded an agreement in principle to acquire the Designated Contract Market (DCM) and Swaps Execution Facility registrations of United States Commodity Futures Trading Commission (CFTC)-regulated exchange trueEX LLC. The deal thus is subject to CFTC approval. Upon approval, trueDigital will roll out a crypto derivatives exchange fully-regulated by the…

Bitcoin Exchange Hack: $32 Million Stolen from Japanese Platform Bitpoint

July 12, 2019 boss

The Japanese bitcoin exchange Bitpoint is the latest platform to fall victim to hackers, losing $32 million in cryptocurrencies according to a report by Remixpoint Inc., its parent company. Bitpoint joins other Japan-based exchanges, including Zaif and Coincheck to suffer losses due to cyberattacks. The platform could also face regulatory heat given the nature of the attack and the previous warnings regarding its operations. Hot Wallet Compromised in Bitcoin Exchange Hack Remixpoint released a statement on its website on July 12, 2019, announcing the hack. According to the post, the…

Texas Court Orders Defendants to Pay $400K for Fraudulent Bitcoin Scheme

July 12, 2019 boss

A Texas Federal Court has ordered two defendants to pay $400,000 for conducting a fraudulent scheme to solicit Bitcoin (BTC) from members of the public, the United States Commodity Futures Trading Commission (CFTC) announced on July 10. Judge Reed C. O’Connor of the U.S. District Court for the Northern District of Texas filed an Order and Default Judgment on June 28, 2019, alleging that U.S. citizens Morgan Hunt and Kim Hecroft engaged in a fraudulent scheme to solicit Bitcoin from the public to invest in trading products like binary options,…