Day: September 19, 2019

Major Asian Blockchain VC Firm Launches New Bitcoin Tracker Fund

boss

Major Asia’s blockchain-focused venture capital firm CMCC Global has launched a new institutional tracker fund for Bitcoin (BTC). Custody by Hong Kong Stock Exchange-listed firm Called the Liberty Bitcoin Fund, the Bitcoin index fund deploys Anxone, a custodial solution developed by BC Group, tech and digital asset company listed on the Hong Kong Stock Exchange, according to a press release published on Sept. 17. As one of Asia’s first blockchain VC firms, Hong Kong-based CMCC Global has initiated the Liberty Bitcoin Fund in a move to provide institutional-level access to…

Survey: People Are Intrigued But Confused about Crypto

boss

Cryptocurrency is increasingly becoming a familiar term for consumers who are already accustomed to traditional fiat money. However, a new survey reveals that many people are interested in exploring cryptocurrency more and what opportunities it brings. The recent survey, which circulated around Europe, was conducted by ING International and it showed that 82% of the people who responded had a basic idea about cryptocurrency. This is because mainstream corporations like Facebook have used this opportunity to introduce their own digital currency, such as Libra; even the People’s Bank of China…

Libra Seen as Threat to National Currency Sovereignty, Pleads With G-7

boss

Public authorities across the globe continue to press the developers of Libra, Facebook’s proposed stablecoin-like digital asset.  On Sept. 16, Libra representatives met with the Committee on Payments and Market Infrastructure (CPMI), a part of the Bank for International Settlements (BIS) — an umbrella group for 60 central banks and monetary authorities — to discuss the regulatory hurdles around stablecoins developed by large financial institutions and tech companies.  Members of blockchain-powered digital cash system firm Fnality International and JPM Coin — another stablecoin-like project, hosted by one of the largest…

New Bitcoin Wallet-Focused Trojan Uncovered by Security Researchers

boss

A new Remote Access Trojan (RAT) malware that steals Bitcoin (BTC) wallet data has been discovered by security researchers, according to a Sept. 12 report from Zscaler ThreatLabZ.   The RAT, dubbed InnfiRAT, is designed to perform a wide range of tasks on the infected machines, including specifically seeking out Bitcoin and Litecoin (LTC) wallet data. A multi-pronged attack on infected systems As the researchers note, InnfiRAT is written in .NET, a software framework developed by Microsoft and used to develop a wide range of applications.  The malware is designed to…

Bitcoin Price & Technical Analysis: BTC Shows No Enthusiasm

boss

Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis. Launch of the BTC futures postponed again. The BTC price dropped to zero due to a technical problem. On W1 of the Bitcoin we can see a prolongued correction. The pattern still looks like a Triangle but is promising to turn into a descending channel. A breakaway of the resistance line may signal the end of the correction and the start of a new wave of growth. Securing above $11350.00 may confirm further growth to the peak of…

Bitcoin Price Dips to $9.6K as Bear Cross Looms

boss

View BTC quickly fell to $9,600 this morning, bolstering the bearish setup on the 4-hour and daily charts. A deeper drop to key support at $9,454 may now be in the offing. A UTC close below $9,450 would confirm a downside break of a three-month-long contracting triangle and expose the 200-day moving average (MA) support lined up near $8,100. A move above $10,458 is needed to negate the immediate bearish case. A UTC close above $10,958 would confirm a bullish triangle breakout. The 50- and 100-day moving averages are about…

Opposition Party Boasts Pro-Crypto Policy in Contrast to Gov’t

boss

South Korea’s main opposition party, the Liberty Korea Party (LKP), is poised to unveil its policy for cryptocurrencies and crypto exchanges. As Cointelegraph Korea reported on Sept. 19, the LKP’s stance appears to be more radical and pro-innovation than that of the current government, notably in its support for the authorization of tokenized securities.  Authorizing security token offerings and asset tokenization The LKP is scheduled to hold a “People’s Report Meeting” at the National Assembly building in Seoul, on Sept. 22, where the party will unveil its final “2020 Economic…

As Libra Battles Critics, Zuckerberg Aims to Win Over US Policymakers

boss

Facebook’s Mark Zuckerberg is in Washington for meetings with policymakers to discuss internet regulatory matters such as privacy, competition and its handling of political content. As noted in Bloomberg’s Sept. 19 report, the meetings come after a summer of intense scrutiny of Facebook’s proposed Libra stablecoin project from United States lawmakers and regulators. A social media titan in center stage In a statement, Facebook spokesman Andy Stone indicated that Zuckerberg would be discussing “future internet regulation” with policymakers during his visit.  Reportedly at Facebook’s request, Democrat senator and Intelligence Committee…

Bitcoin and Ether Market Update: September 19, 2019

boss

Reading Time: 2 minutes by Georgi Hristov on September 19, 2019&nbspAltcoins, Bitcoin, Cryptocurrency Market Outlook, Ethereum, News, Press Releases, Price Analysis, Price pages, Ripple, Stablecoins, Top Coins For The Week Total crypto market cap lost $3.3 billion of its value since Monday, September 16 and now stands at $262.6 billion. Top ten coins are all in red for the last 24 hours with EOS (EOS) and Binance Coin (BNB) being the worst performers with 6.2 and 5.7 percent of losses, respectively. At the time of writing bitcoin (BTC) is trading…

Bitcoin Hash Rate Hits 102 Quintillion in Historic Network Milestone

boss

Bitcoin’s (BTC) network hash rate has passed a record 102 quintillion hashes for the first time in history in a historic milestone for the cryptocurrency. Bitcoin adds another zero to hash rate As data from monitoring resource Blockchain confirmed on Sept. 18, hash rate, ultimately a function of how secure the Bitcoin network is, has reached a high of 102.8 quintillion hashes. Bitcoin network hash rate. Source: Blockchain The achievement follows a string of records for the metric this year, Cointelegraph reporting on various stages of its expansion over the…