Price Analysis 23/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Which altcoins are turning up and setting up a short-term trading opportunity? 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. Though institutional investors are professionals with years of experience under their belt, they have been slow to recognize and embrace cryptocurrencies, which is the new trend in the digital…

Bitcoin Adjusted Dominance Soars | Bullish Sign for Times to Come?

Over the last couple of years, the crypto space has grown considerably, and nowadays there are around 2,500 cryptocurrencies in addition to Bitcoin. However, BTC still remains the most valuable and the biggest cryptocurrency in the world in terms of market capitalization. That being said, it is also important to note that over the years, there have been some altcoins that have threatened to upstage the coin as the most dominant cryptocurrencies in the market. Despite that, Bitcoin stands tall, and its domination of the wider crypto market remains as…

Leaked Images Overlap With Those Processed by Third Party

Major cryptocurrency exchange Binance states that some leaked Know Your Customer (KYC) images overlap with those processed by a third party vendor. In an announcement on Aug. 23, Binance said that its investigation of a KYC data leak that occurred on Aug. 7 is still ongoing. The exchange’s security and investigations team is purportedly trying to identify the source of KYC images similar to those leaked by an unidentified hacker. Cryptocurrency exchanges will often require users to submit an image of themselves presenting credentials in order to verify their identity.…

Africa’s Largest Bank Joins Blockchain-Based Marco Polo Network

Standard Bank, Africa’s largest bank by total assets, has joined blockchain-based trade finance network, the Marco Polo Network. Standard Bank will now develop trade finance solutions alongside major global financial institutions such as French BNP Paribas and Dutch ING, according to a press release on Aug. 22. Backed by the world’s biggest bank, the Industrial and Commercial Bank of China, Standard Bank is the first African bank to join the network, the press release notes. To date, the Marco Polo Network includes over 20 global financial firms such as Commerzbank,…

British Hacker to Hand Over $1M in Crypto for Phishing Attacks

A British judge has ordered the confiscation of $1.1 million worth of cryptocurrency from a hacker who used phishing attacks to steal personal data and sell it on the dark web. As The Telegraph reported on Aug. 23, judge Joanna Korner of Southwark Crown Court ruled that the police could confiscate $1.1 million worth of digital currency from Grant West.  In his cyber attacks, West allegedly operated under the online pseudonym “Courvoisier” and used phishing emails to steal customers’ personal data — including financial data, as well as credit and…

How Facebook Libra Has Been Influencing Crypto, Politics and Finance

Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development.  First, top crypto exchange Binance announced a project called “Venus” — coincidentally, another astrology-themed name — which will focus on developing “localized stablecoins” worldwide; the People’s Bank of China (PBoC) said it is almost ready to launch its government-backed digital currency, reportedly admitting that Libra prompted it to speed up; and Erik Finman, ostensibly the youngest Bitcoin (BTC)…

How Facebook’s Libra Has Been Influencing Crypto, Politics and Finance

Over the past few days, a number of Libra-related announcements have been made — only, they weren’t from Facebook, the Libra Association, Calibra wallet or any other party involved in its development.  First, top crypto exchange Binance announced a project called “Venus” — coincidentally, another astrology-themed name — which will focus on developing “localized stablecoins” worldwide; the People’s Bank of China (PBoC) said it is almost ready to launch its government-backed digital currency, reportedly admitting that Libra prompted it to speed up; and Erik Finman, ostensibly the youngest Bitcoin (BTC)…

Bitcoin Rises Minutes After China Announces Additional Tariffs on US |

Bitcoin began an impressive price surge minutes after China announced that it would slap additional tariffs on US goods. Beijing said late Friday that it would increase taxes on $70 billion worth of US imports of between 5 and 10 percent. That progressed its already worsening trade dispute with Washington which last week had announced a similar tariff on $300 billion of Chinese imports. Bitcoin spikes after China announced additional tariffs on US goods | Image credits: TradingView.com The BTC/USD instrument spiked by $355, or 3.52 percent, to establish a…

Bitcoin ‘Magic’ Will Dwarf Internet’s Game-Changing Impact

Billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. | Source: REUTERS / Danny Moloshok (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. The internet has radically transformed major industries such as communications, gaming, entertainment, and media. However, Draper says bitcoin and the technologies branching from it (blockchain, smart contracts, and artificial intelligence) will…

Bitcoin ‘Magic’ Will Dwarf Internet’s Game-Changing Impact

Billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. | Source: REUTERS / Danny Moloshok (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: Tech billionaire Tim Draper says the far-reaching impact of bitcoin “magic” will dwarf the sprawling influence that even the internet has had. The internet has radically transformed major industries such as communications, gaming, entertainment, and media. However, Draper says bitcoin and the technologies branching from it (blockchain, smart contracts, and artificial intelligence) will…