Day: August 21, 2019

Asset Manager Boldly Claims Every Institutional Investor Will Buy Bitcoin

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The range-bound bitcoin price could jump higher if Anthony Pompliano’s prediction turns out to be true in the long run. | Source: Shutterstock By CCN Markets: The bitcoin price has been going sideways for nearly two months now, but crypto bulls believe that rising institutional interest could lead to a breakout. Bitcoin price has been trading sideways of late, but institutional investing could provide a push. | Source: TradingView Bitcoin perma-bull Anthony Pompliano is the latest to join this bandwagon, telling CNBC in an interview that the cryptocurrency will find…

US Treasury Sanctions Bitcoin, Litecoin Addresses Under Kingpin Act

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The United States Department of the Treasury has added multiple cryptocurrency addresses to its Specially Designated Nationals (SDN) list under the Foreign Narcotics Kingpin Designation Act, or the Kingpin Act. These addresses, and the individuals associated with them, have been deemed to be associated with foreign narcotics operators. The Treasury updated its SDN list with recent Kingpin Act Designations on Aug 21. The three alleged narcotic operators associated with these addresses are Chinese citizens Xiaobing Yan, Fujing Zheng and Guanghua Zheng. The three individuals all have associated Bitcoin (BTC) addresses…

Crypto Miners Arrested for Compromising Nuclear Plant Security

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The Security Service of Ukraine (SBU) has arrested power plant operators for mining cryptocurrency in the Yuzhoukrainsk nuclear power plant facility.  English-language Ukrainian news site UNIAN reported the details of the arrest on Aug. 21. According to the report, the crypto miners compromised the nuclear facility’s security via their mining setup’s internet connection. Due to the equipment’s connection to the internet, the miners reportedly leaked classified information on the plant’s physical protection system. SBU detectives obtained a search warrant and performed an investigation on July 10. The detectives found unauthorized…

Taipei-Based Crypto Firm Maicoin Seeks Membership in Libra Association

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Taiwanese crypto exchange Maicoin is in talks with Facebook about becoming a member of the Libra Association. As local media outlet the Taipei Times reported on Aug. 21, Maicoin wants to join the nonprofit responsible for developing the social network’s long-awaited stablecoin. The company is specifically looking to operate a node on the blockchain-based network, which would validate and record transactions on the shared ledger. Participation in Libra development Maicoin CEO Alex Liu reportedly expressed confidence in the exchange’s chances for participating in the development of Libra, stating that: “When…

Monero Could Skyrocket After Bleeding as It Prints a Reversal Structure

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Opening a fresh long position in Monero at current levels may not be a wise decision for non-experienced traders. | Source: Shutterstock By CCN Markets: Monero has been trapped in range accumulation for over a year now. Since August 2018, the cryptocurrency has been range trading in a wide range between $40 and $120 with a midpoint at $80. The length of time spent in this range tells us that the privacy coin has entered a period of accumulation. Monero appears to be in accumulation as it trades in a wide…

Price Analysis 21/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

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The recovery in Bitcoin is faltering at higher levels. Does it look ready for a deeper correction? Let’s analyze 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. Crypto markets are under pressure as the total market capitalization has dipped close to $260 billion. United States Secretary of State Mike Pompeo believes…

Mike Pompeo Buttresses the need for Amenable Bitcoin Regulations

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In an interview with CNBC’s Squawk Box on August 2019, United States Secretary of State Mike Pompeo has made it clear that the U.S. must regulate bitcoin and altcoins just like other digital payment systems and electronic financial transactions in the state, to make it harder for bad actors to use them in aiding their illicit acts. Pompeo Urges Govt to Regulate Cryptos Per sources close to the matter, United States Secretary of State, Mike Pompeo has buttressed the need for the government to formulate amenable regulations to govern blockchain-based…

US SEC Registers Digital Securities Platform Securitize as Transfer Agent

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The United States Securities and Exchange Commission (SEC) has registered Securitize, a digital securities platform backed by crypto exchange Coinbase, as a transfer agent, according to a press release published on Finextra on Aug. 21. Securitize — which claims to be the first transfer agent with a working blockchain protocol and active securities issuers registered with the SEC — is now able to operate as an official keeper of records about changes of ownership in securities. Carlos Domingo, co-founder and CEO of Securitize, said: “We can increase the amount of…

American Classic Beer Miller Lite Teams Up with Blockchain Vatom Labs to Create New Customer Experiences

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Miller Lite has partnered with brand innovation company Vatom Labs, who specialise in “SmartMedia objects” that utilize Blockchain, to dole out $50,000 for Miller’s Know Your Beer program. Vatom has created a mobile “edutainment” game. What is unique about this experience is how it is leveraging NFTs (non-fungible tokens called SmartMedia Objects) to provide a robust experience including a game, social badges, rewards for virality, and ultimately to ensure that the $5 rebate coin the user receives upon winning the game cannot be counterfeited.  advertisement “We’ve been looking for new and…

Cryptopia Liquidator Determining Pooled Wallet Crypto Ownership

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Professional services firm Grant Thornton claims that it is progressing in securing and preserving the cryptocurrencies of hacked cryptocurrency exchange Cryptopia. In a press release published on Aug. 21, Cryptopia’s liquidator claims to “have made good progress towards securing and preserving Cryptopia crypto-asset holdings for the benefit of those entitled to them.” Per the release, there are two reasons why determining the holdings of the exchange’s clients is taking so long. The firm explains that customers did not have individual wallets and their funds were pooled together, as the exchange…