Day: September 13, 2019

Crypto Markets Red as Bitcoin Price Slips Below $10.3K

boss

Friday, Sept. 13 — crypto markets have continued to report mixed signals, with Bitcoin failing to hold $10,300 support on the day. The majority of the top 20 coins by market cap are seeing red this Friday the 13th, with Tezos’ (XTZ) losses reaching nearly 2.3% at press time. However, Dash (DASH) is seeing a far larger growth on the day, up nearly 7% over the past 24 hours at press time, according to Coin360. Market visualization | Source: Coin360 After surging to as high as $10,423 earlier today, Bitcoin…

Will Blockchain Stop Personal Data Leaks?

boss

If you are one of the 2.4 billion active Facebook users, the probability that your data has been leaked is around 17%, given the recent news of 419 million accounts being exposed. This means that, unless something changes, every sixth active user could lose control over their personal data. Again and again, no matter the government or the company managing personal data or how secure their systems are, personal data leaks happen all the time. But what are the fundamental problems of centralization and how can we rescue our data…

German Gov’t Speaks Against Approval of Facebook’s Libra in Europe

boss

The government of Germany has spoken against the authorization of the development of Facebook’s forthcoming Libra stablecoin in the European Union. As German weekly news magazine Spiegel reported on Sept. 13, the Christian Democratic Union (CDU) parliamentarian Thomas Heilmann — who is responsible for the blockchain policy of the CDU and Christian Social Union in Bavaria set to be approved later in September — the government will deny projects like Libra. “Not to allow market-relevant private stablecoins” Heilmann stated that it was agreed in the grand coalition “not to allow…

Crypto Mining Supply Fails to Meet Market Demand in Q2: TokenInsight

boss

The supply of crypto mining machines failed to meet market demand in Q2 2019 despite the surge of mining hardware prices, new research says. Popular suppliers ran out of stock in Q2 Bitcoin (BTC) miner market saw significant inflation during Q2 2019, with the majority of miners from various suppliers experiencing shortages, according to Q2 2019 cryptocurrency mining industry report by crypto analytics firm TokenInsight. In the report, released on Sept. 13, the San Francisco-based crypto data supplier wrote that the mining equipment market still performed quite well in Q2…

UK Police Arrest Teen for Hacking Unreleased Music to Sell for Crypto

boss

City of London Police have arrested a 19-year-old citizen suspected of hacking major music acts in a bid to steal unreleased songs and sell them for digital currency, Canadian daily newspaper The Vancouver Sun reported on Sept. 13. The Manhattan District Attorney’s office initiated an investigation after receiving complaints from management companies of recording artists. Commenting on the matter, Detective Inspector Nick Court from the City of London Police Intellectual Property Crime Unit stated: “Today’s action marks a significant point in our investigation into the individuals responsible for stealing music…

Bitcoin Price Charts Aligning With Bakkt Launch Points to a Big Move

boss

Bitcoin (BTC) price is stuck within the descending triangle formation for some time now and slowly moving towards the apex of it. Interesting enough, the apex of the triangle is around the actual launch of Bakkt on Sept. 23.  So is BTC price in a bearish pattern or is it just re-accumulation on a higher level? Let’s take a look at the charts. Bitcoin price performance A week ago the price dropped down from the resistance zone around $10,900 towards $10,200, after Bakkt tweeted their opening. However, the price dropped…

Bitcoin Offers Escape From Crippling Monetary Policy – CCN.com

boss

In the age of fiat money, bitcoin offers a sound alternative to perpetual inflation. | Source: Shutterstock According to Investopedia, the first paper money in the U.S. was issued on February 3, 1690 by the Massachusetts Bay Colony. Less than two hundred years later, Americans were able to trade $20.67 for an ounce of gold. In other words, the U.S. dollar was backed by gold. This was an effective system as it limited the monetary supply. In 1933, President Herbert Hoover famously quipped, we have gold because we cannot trust…

EOS Hard Fork in 10 Days, Major Updates for Tron, Neo: CT Analytics

boss

Cointelegraph Analytics team released a summary of the most anticipated upcoming events for major coins including EOS, Tron (TRX) and Neo (NEO). EOS to have its first hard fork on Sept. 23 EOS, the 7th biggest cryptocurrency by market cap, is expected to have its first consensus upgrade on Sept. 23, as EOS block producers (BPs) agreed to activate EOSIO v1.8 on the EOS Mainnet on the date. According to major EOS BP EOS Nation, the upcoming event is the largest upgrade to the EOS network since it was launched,…

CME Group Seeks CFTC Permission to Double Its Bitcoin Futures Trading Cap

boss

The Chicago Mercantile Group (CME) has seen a massive surge in the trading volumes for its Bitcoin futures contracts, over the last few months. Taking a step ahead, the CME group has requested the U.S. Commodity Futures Trading Commission (CFTC) to allow it to double the trading limits from 5000 BTC to 10,000 BTC tokens. Currently, CFTC has kept an upper limit of 1000 Bitcoin Futures contracts per individual trader using the CME platform. In a letter to CFTC, the CME Group has requested to double this limit to 2000…

New Bitcoin Trading Record as Biggest Bank Embraces Petro

boss

Venezuela’s largest bank, the Bank of Venezuela (BDV), has added support for the country’s controversial Petro digital currency.  Bank of Venezuela hints at crypto wallet As cryptocurrency news outlet Decrypt reported on Sept. 13, BDV clients have discovered a new section in their online banking account dedicated to cryptocurrencies.  At present, the crypto wallet only caters to Petro, but as the section appears to be still under development, speculation suggests more tokens may follow. Petro, launched by the Venezuelan government, is notionally pegged to the country’s oil reserves. The United States…