Day: August 16, 2019

Bitcoin Price Drop Not Caused by $3B Ponzi BTC Dump

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Bitcoin’s (BTC) recent price drop has not been caused by Bitcoin sell-offs from a $3 billion Chinese Ponzi scheme PlusToken, according to researchers at crypto analytics firm TokenAnalyst.  Crypto analytics firm: PlusToken cannot be the cause  As Bloomberg reports on Aug. 15, co-founder of London-based cryptocurrency analytics firm TokenAnalyst, Sid Shekhar, said that a Bitcoin dump by the PlusToken operators cannot be the cause of the recent price drop.  Notably, the firm did not find any evidence that PlusToken moved any significant amounts of Bitcoin to any known exchange addresses.…

Salesforce Blockchain Certifies First Ever Artwork-Painted Lamborghini

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A one-of-a-kind Lamborghini Aventador S with a custom street-art paint job is on show at the 2019 Monterey Car Week in California, Aug. 15-18. The vehicle will be the first Lamborghini to be certified through a pilot project using Salesforce Blockchain to protect the car as a work of art. Automotive art meets street art The Aventador S represents a fusion of the automotive art of Lamborghini, coupled with the distinctive street art of rising star, Skyler Grey. Nineteen year-old Grey is one of the youngest street artists to be…

New Wave of Data Leaks Is Coming

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The hacker behind private user data allegedly stolen from cryptocurrency exchange Binance is preparing to release further material. Hacker ‘warming up’ for leak In a series of tweets on Aug. 16, the Twitter account known as Bnatov Platon published an outline of Binance Know-Your-Customer (KYC) records allegedly in his or her possession.  “Warming up,” an accompanying commentary reads.  While no timeframe was given for the potential release, the hacker included records of Telegram chats, including with a user described as a member of Binance’s customer service team.  Another appeared to…

80% of Colombians Open to Investing in Crypto: New Survey

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An astounding 86.5% of Colombians are familiar with cryptocurrency and 80% are open to investing in the asset class. Peer-to-peer Bitcoin (BTC) marketplace Paxful shared the results of its new survey — conducted together with Toluna Insights — with Cointelegraph on Aug. 15. 50% of Young Colombians Already Crypto Investors The survey further revealed that at least 50% of respondents between the ages of 25 and 40 have already invested or expressed interest in buying cryptocurrencies such as Bitcoin (79%), Bytecoin (>5%) or Ether (ETH) (<3%).  Just over 32% of…

Binance’s US Arm to Go Live ‘Within Two Months’

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The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO. Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.” Due to uncertainties over the U.S. regulatory situation, Binance barred states-side customers from using its global platform Binance.com in mid June, a day after revealing that it would launch the new U.S. division in partnership with a firm called BAM Trading Services. The new platform will…

Binance US Crypto Exchange Could Launch in Two Months

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The US division of leading crypto exchange Binance could go live before November according to its enigmatic CEO, Changpeng Zhao. The regulated fiat to crypto exchange would serve American customers that are increasingly getting excluded from other exchanges. In an interview with Cheddar this week ‘CZ’ said a lot of things were in flux but he expected the launch to happen ‘within a month or two’. The world’s top crypto exchange will work in partnership with BAM Trading Services which will provide local services for the Malta based company. In…

Blockchain Moves Into The US’s Largest Oil Fields With Data Gumbo

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Bitcoin Is Bad for Payments, But Lightning Solves This: Samson Mow

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Blockstream Chief Strategy Officer (CSO) Samson Mow says Bitcoin (BTC) is bad for payments but the Lightning Network solves this. Mow — who is also a co-founder of formerly top cryptocurrency exchange BTCC — made his remarks in an interview for SFOX blog on Aug. 15. Lightning changes the whole equation Mow conceded that he doesn’t yet have an everyday use case for Bitcoin (BTC), quipping that in daily life, he still uses credit cards, not cryptocurrency. The top coin, he argued, is designed in such a way that has…

Bitcoin Price Straddles $10K as Consensus for New 2019 High Remains

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Bitcoin (BTC) price fell below $10,000 once more on Aug. 16 after climbing as high as $10,440 in early trading.  Market visualization. Source: Coin360 Mixed signals for Bitcoin price Data from Coin360 spelled out another day of uninspiring performance for Bitcoin traders Friday, with BTC/USD failing to find support at five figures. This week produced multiple $10,000 crossings for Bitcoin. Markets dipped on Thursday as low as $9,500 before rebounding. At press time, however, the price was higher, remaining above $9,900. Bitcoin 7-day price chart. Source: Coin360 Those continually higher…

Institutions Depositing $200-400M Into Crypto Per Week

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Bitcoin (BTC) adoption by institutions has gone from a myth to fact in the past year, the CEO of major cryptocurrency exchange Coinbase has said.  “We know the answer” about adoption: Armstrong Speaking on Twitter Aug. 16, Brian Armstrong said that 2019 had formed the year of reckoning for institutional Bitcoin uptake, with the trend now obvious. He wrote:  “Whether institutions were going to adopt crypto or not was an open question about 12 months ago. I think it’s safe to say we now know the answer. We’re seeing $200-400M…