Day: September 1, 2019

Why the Birth of Bitcoin Can Be Traced Back to 1971

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The world economy is a complex system that has undergone many different phases in the past century. As strange as it may sound today, there have been times when banking crises were rare, pay was rising alongside productivity, and the U.S. dollar would buy a certain amount of pure gold. Despite its obvious successes in certain areas, the global monetary system that laid the foundations for this time of stable growth eventually failed, and here’s why. Also read: Crypto Salaries Gain Regulatory Recognition Around the World When $35 Bought You…

UN Official: Cryptocurrency Provides Anonymity to Child Sex Abusers

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Nobody knows for sure who created Bitcoin(BTC)trade but anyone who knows anything about Bitcoin or cryptocurrency knows that it is the unofficial currency of the dark web. As the name suggests, the dark web has a lot of untraceable secrets and child pornography is horridly one of them, and cryptocurrency seems to be enabling it. Neil Walsh, Head of United Nation’s Cybercrime and Anti-Money-Laundering , told ABC Australia that due to the use of cryptocurrency on the dark web, catching criminals involved in child sexual abuse has become much more…

Massive Monero Cryptojacking Scheme Busted by French Police

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A gigantic Monero cryptojacking scheme, big enough to take down all the civilian websites on the planet, was recently taken down by the French police. The French police cybercrime unit, C3N, believes the scheme was designed by a French-speaking group, which has allegedly made millions of euros from several fraudulent activities. The French cybercrime unit stated that it has received the alert from the popular antivirus company, Avast, about a private server that may be used to distribute a virus on the web. Upon investigation, the French police was able…

IEOs, ICOs, STOs and Now IDOs — How to Raise Funds for Crypto in 2019?

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The crypto community has seen a tectonic shift in fundraising trends: from the decline of initial coin offerings (ICOs) to the hype around security token offerings (STOs) and then the rise of initial exchange offerings (IEOs). The inclination for fundraising seems to evolve every year. Similarly, 2019 brought with it a new way for crypto businesses to launch their tokens. Fundraising is the key to any business to take off. Crowdsourcing trends have taken off globally across all sectors, especially in the decentralized world of cryptos — though the way…

Ethereum Price Weekly Forecast: ETH Remain Sell Until This Changes

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ETH price declined heavily and broke the key $185 and $180 supports against the US Dollar. The price is currently correcting higher and is trading near the $172 and $175 resistances. There is a major bearish trend line forming with resistance near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). There could be a short term upside correction, but upsides are likely to be capped near $180. Ethereum price is trading in a bearish zone against the US Dollar and bitcoin. ETH might correct higher in the…

Bitcoin (BTC) Price Weekly Forecast: $10K Holds Key For Recovery

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There was a major downward move below the $10,000 support in bitcoin price against the US Dollar. The price is currently correcting higher, but upsides remain capped near $9,800 and $10,000. There is a major bearish trend line forming with resistance near $9,980 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). There could be a short term upside correction, but the bulls are likely to struggle near $10,000. Bitcoin price is facing a lot of hurdles on the upside near $10,000 against the US Dollar. BTC…

More Than 70 Projects and Applications Built Around Bitcoin Cash

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Over the last two years, the Bitcoin Cash (BCH) network’s protocol and third-party infrastructure have grown in robust fashion. There are now more than 70 projects and applications built on and around the BCH chain. The following is an in-depth guide on how to benefit from the growing number of BCH-based projects and tools available today. Also read: Send Token Payouts With Ease Using Bitcoin.com’s SLP Dividend Calculator Progressive Development and Statistics Just recently Bitcoin.com published a BCH resource page comprised of a vast number of tools and services available…

Crypto News From Brazil and Portugal: Aug. 24-31 in Review

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This week saw major expansion of crypto payments in Brazil, new standards freeing Bitcoin from Portuguese taxes, and the allegedly fraudulent Grupo Bitcoin Banco’s refusal to pay clients their deposited funds.  Brazil’s central bank announced that it would classify cryptocurrencies according to International Monetary Fund (IMF) guidelines on Aug. 26. With the new classification under IMF standards, traded cryptocurrencies will be classified as non-financial products and as such, will be counted as goods on the central bank’s balance sheet. Cointelegraph Brasil reported that the classification of cryptocurrencies as a good…