Day: November 1, 2019

Bitcoin Futures Market Is Changing Cryptocurrency Landscape

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In the last few months, Bitcoin futures trading is on the rise, beating up to 50% of the total spot market on 13 well-known exchanges. The futures market helps to keep the price less volatile, and it increases liquidity via the attraction of new investors. Wise actors always made predictions that cryptocurrencies would co-exist with the current banking and stock markets. They are not doing any substantial harm to banks and classic exchanges. Instead, cryptocurrencies add fungibility and privacy when it’s urgently needed. The tough riddle is how to make…

Two Pro-Crypto US Congressmen Note Bitcoin White Paper’s 11th Birthday

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U.S. Representatives Patrick McHenry (R-NC) and Warren Davidson (R-OH), have encouraged Bitcoin (BTC)-powered innovation on the Bitcoin white paper’s 11th birthday. U.S. policymakers should not attempt to deter Bitcoin’s tech U.S. congressman McHenry, who represents North Carolina’s 10th District, urged that American authorities should not stifle the new technology in a tweet on Oct. 31. According to the official, policymakers should facilitate the development of new technologies. McHenry reiterated his previous bullish sentiments about Bitcoin, stating: “The world that Satoshi Nakamoto envisioned, and others are building, is an unstoppable force.…

Decred (DCR) Cryptocurrency Suddenly Spikes Over 19%; What’s Next?

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Decred cryptocurrency spiked on Friday. Here’s how the technical charts are playing out. | Image: shutterstock.com Decred makes upgrades to its public proposal system. DCR surges over 19% in less than 24 hours. A look at the 4-hour chart reveals DCR could retrace to $16 before it continues rising. Autonomous cryptocurrency Decred (DCR) is skyrocketing after its community welcomed new developments surrounding Politeia, its own censorship-resistant blockchain-anchored public proposal system for funding projects. Politeia, Decred’s off-chain governance platform for managing the network treasury, has been updated with a complete frontend…

‘Take Your Bitcoin & Run’

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“Take your bitcoin and run.” Thus read an ominous warning tweeted out by the official BitMEX account on Friday morning. | Source: CNBC/YouTube (i), HenriqueWestin/Shutterstock.com (ii). Image Edited by CCN. Following the mammoth BitMEX user data leak, the bitcoin exchange’s Twitter account was allegedly hacked. While under the perpetrator’s control, the account tweeted an ominous warning: “Take your BTC and run.” BitMEX withdrawals are currently disabled, at least for some users. Things have gone from bad to worse for BitMEX today as a mass leak of user emails has seemingly…

Bitcoin’s First Monthly Gain Since June Spells Bullish for Q4 2019

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Bitcoin price (BTC) closed out October at $9,150, which represents the first monthly gain since June.  October also brought new lows of $7,300, which was met with a memorable swing of around 40% back up to highs of $10,350.   So far, Friday has brought a small gain to Bitcoin price of around 0.39%, but down over the previous 24 hours by 1.61% with the retrace also being seen among the other major coins.  Cryptocurrency market daily view. Source: Coin360 Monthly Bitcoin price chart The Bitcoin chart clearly shows that BTC…

CFTC and SEC Hammer Down Bitcoin-Linked Investment Platform 

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Two top U.S. financial watchdogs, the United States Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have filed a cease-and-desist order against XBT Corp. SARL, a.k.a First Global Credit, a Swiss Bitcoin-based securities dealer that allegedly solicited investments from  U.S. investors without registering with the agencies. The firm has also been ordered to pay over $200k as fine, according to an October 31, 2019 press release. End of the Road  As part of its ongoing efforts to sanitize the U.S financial ecosystem, the Securities and Exchange…

Hackers Take Over BitMEX Twitter, but Customer Funds Reportedly Safe

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Hackers took over the Twitter account of cryptocurrency exchange BitMEX after the previously reported leak of customer email details on Nov. 1. The exchange claims that, although its Twitter account was hacked, all user funds are safe. “Hackers” tease individual IDs and take over BitMEX Twitter Since the update was published, hackers briefly gained control of the BitMEX Twitter account, posting two messages which were swiftly deleted. The first message read “Take your BTC and run. Last day for withdrawals,” followed by another reading simply, “Hacked.” Following this a Twitter…

Why Libra Isn’t Ready and Congress Not Buying Zuckerberg’s Testimony

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Facebook’s CEO Mark Zuckerberg returned to Capitol Hill to testify before Congress on Oct. 23 about the company’s planned use of the cryptocurrency it is backing, Libra, attempting to debunk the voluminous number of concerns surrounding Facebook’s regulatory measures. This marks Zuckerberg’s first testimony to Congress since his last journey to Capitol Hill back in April 2018 after the Cambridge Analytica data breach. Related: Zuck of the Hill: After 6-Hour Libra Grilling, Congress Unconvinced Unfortunately, there was very little that both lawmakers and consumers took away from the hearing, which…

Startup Paidy Raises $143M from Investors Including PayPal Ventures

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Paidy, a Japanese fintech startup that provides instant credit to consumers, has raised $143 million in funding from investors. Japanese consumer instant credit provider Paidy has announced that it raised $143 million in investment capital from institutional investors. The new financing round includes $83 million series C financing extension and debt financing of $60 million. The series C funding included participants such as PayPal Ventures, the Famed Soros Capital Ventures, JS Capital Management and Tybourne Capital Management and an unnamed investor. The financial institutions that initiated the debt financing include…

Runs on Ripple New Commercial For Payments to India from Overseas

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A new mainstream commercial has landed for TransferGo’s international payments service which uses RippleNet to settle faster at a far cheaper rate. TransferGo currently has 1.3 million active users who regularly send a lot of money to loved ones back home in India and a growing list of payment corridors. We’re delighted to be one of the first companies in the market to offer our customers real-time money transfers. By using Ripple’s revolutionary blockchain technology, we’re able to establish real-time communication between us and our banking partners in India, allowing…