Day: August 15, 2019

Crypto Exchange Poloniex to Delist 23 Trading Pairs Due to Low Volume

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San Francisco-based cryptocurrency exchange Poloniex is going to remove 23 trading pairs ostensibly due to low volume. In a tweet published on Aug. 15, Poloniex announced that it will be removing 23 trading pairs on August 16, 2019, due to low volume. After removing, each asset will continue to be independently tradable, the exchange notes.  The list of pairs slated for removal reads: LTC/XMR, DASH/XMR, ZEC/XMR, MAID/XMR, NXT/XMR, BCN/XMR, LSK/ETH, GNT/ETH, MANA/ETH, QTUM/ETH, STEEM/ETH, OMG/ETH, LOOM/ETH, SNT/ETH, CVC/ETH, KNC/ETH, GAS/ETH, BNT/ETH, LOOM/USDT, SNT/USDT, KNC/USDT, BNT/USDT and FOAM/USDC. Earlier this year,…

Celsius Network Incorporates Bitcoin.com Platform to Streamline Services

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  A new partnership between crypto lending and borrowing platform Celsius Network and fintech-focused media outlet Bitcoin.com aims to streamline digital currency-related services for crypto owners using the Celsius App. Per a press release published on Aug. 15, Celsius has integrated Bitcoin.com’s trading platform into its Celsius App to simplify cryptocurrency holders’ access to financial services. Users can now purchase a range of major cryptocurrencies including Bitcoin (BTC), Bitcoin Cash (BCH) and Ether (ETH) through Celsius App using Bitcoin.com’s crypto trading platform. The release also hints that the companies expect…

Malaysia Loses $25 Million due to Electricity Theft from Bitcoin Miners

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Malaysia’s power utility company is now targeting Bitcoin miners who have been stealing electricity to power their mining activity. Tenaga Nasional Berhad, the Malaysian electricity company, has begun making specific moves to increase security measures, aimed at reducing the chance of power theft perpetrated by Bitcoin miners. The company, as at June, has reportedly lost RM 106 million ($25.3 million) to heavy Bitcoin mining activity. Legal Action Siti Sarah Johana Mohd, the TNB’s General Manager, has said that the company will now begin to prosecute offenders who are stealing power.…

Economic and Political Uncertainty Boost Bitcoin Price in Argentina and Hong Kong

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According to news published by Bloomberg on August 13, 2019, bitcoin continues to be traded at a premium due to economic uncertainty and political instability in Argentina and Hong Kong, confirming its value in turmoil environments.    Fear is Soaring but Bitcoin is Working  The global economy is experiencing a period of strong instability. About $15 trillion of government bonds worldwide now trade at negative yields, the trade war between the U.S. and China is starting to threaten American investors, Hong Kong is suffering protests since June 2019 over concerns…

Bitcoin Price & Technical Analysis: BTC Testing Important Support

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. On the weekly timeframe, the Bitcoin remains in the ascending channel; however, a decline to the support line may turn into a breakaway and a decline to the psychologically important level of $7,000. Thus the market may expand the range and the format of the correction. Upon the completion of the correction, a new wave of growth may be expected, the latter confirmed by the ascending character of the MACD and Stochastic. The perspectives are as follows: after overcoming the current peak, the…

LTC Dusting Attack on Binance Affected Nearly 300,000 Addresses: Report

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The recent dusting attack against fourth-biggest altcoin Litecoin (LTC) on major cryptocurrency exchange Binance affected 294,582 addresses rather than the 50 Binance reported, according to a recent metrics report. Blockchain data and metrics firm Glassnode revealed its latest findings in a tweet on Aug. 15, saying that the LTC dusting attack affected 294,582 addresses. The analysis ostensibly also indicated a similar scale attack in April. Source: glassnode As previously reported by Cointelegraph, the LTC dusting attack on Binance occurred on Aug. 9. In the dedicated tweet, Binance linked to a…

Cardano Partners With Blockchain Venture Studio to Accelerate Adoption

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The Cardano Foundation has partnered with Berlin blockchain venture studio Konfidio to accelerate Cardano adoption. A strategic partnership An announcement published by the Cardano Foundation on Aug. 15 reveals that the foundation has partnered with Konfidio. The partnership will aim to enable real-world business cases on the Cardano blockchain. Per the announcement, the initial focus of the collaboration will be on use cases in banking, logistics, pharmaceutical industries and trade finance, with government and public service use cases to follow. Chairperson of the Cardano Foundation, Nathan Kaiser, pointed out that…

Ripple’s Xpring Gives $265 Mil in XRP to Content Platform Coil

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Ripple’s infrastructure development and XRP adoption initiative Xpring announced a 1 billion XRP (roughly $265 million) grant to web monetization platform Coil on Aug. 15. Coil will reportedly use the funds to build an ecosystem of creators, developers, companies and nonprofits that use XRP through the Web Monetization open standard. Giving creators control over distribution and monetization Coil is a platform that provides an alternative method for creators to monetize their content on the internet. Users can post public and exclusive content on the platform, which is automatically enabled for…

Institutional Crypto Lending Platform Receives Gibraltar DLT License

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Fully collateralized crypto-to-crypto lending platform Lendingblock has received a distributed ledger technology (DLT) provider license from Gibraltar Financial Services Commission (GFSC), reports Crowdfund Insider on Aug. 15. The accreditation brings the institution-focused platform one step closer to launch. The GFSC awarded an in-principle DLT provider license in late 2018. New capital lending model for digital assets Providing collateralized lending and borrowing reportedly allows Lendingblock to support short-term trading, hedging and working capital needs. This mirrors traditional financial markets, which the company aims to reinvent with a better model to service…

Statement: Live facial recognition technology in King’s Cross

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Statement from Elizabeth Denham, Information Commissioner, on the use of live facial recognition technology in King’s Cross, London. “Scanning people’s faces as they lawfully go about their daily lives, in order to identify them, is a potential threat to privacy that should concern us all. That is especially the case if it is done without people’s knowledge or understanding. “I remain deeply concerned about the growing use of facial recognition technology in public spaces, not only by law enforcement agencies but also increasingly by the private sector. My office and…