Day: November 1, 2019

Stellar (XLM) Spikes 8%; What’s Causing the Pump?

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XLM skyrockets in the wake of the President Xi-inspired pump. Lumens gains prominent listing on Coincheck. Stellar Foundation scraps inflation. Ripple rival Stellar (XLM) is head and shoulders above the rest of the cryptocurrency market Friday, as it posts an 8% intraday increase. The crypto markets have seen some bullish performance of late following the so-called Xi pump. Last week, China’s president, Xi Jinping, shilled blockchain technology, leading to a mass revival of bitcoin and the rest of the market. For the most part, the clamor of resurgence has cooled…

Deribit to Compensate Users for Its Error Resulting in Bitcoin Price Crash

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An erroneous value used for the BTC/USD rate resulted in major losses to traders on Deribit exchange. The exchange has assured refunds to the affected traders. On Thursday, October 31, Bitcoin witnessed a major flash crash to $9000 levels on two exchanges – Coinbase Pro and Deribit. On Thursday, at 19:55 UTC, BTC spot price crashed from $9260 to $9055 in a short span of time. Just within an hour later, futures and options exchange, Deribit saw BTC futures dropping from $9150 to $7720. However, in just a few minutes…

NY Court Orders Veritaseum to Pay Back $8 Million From Illegal ICO

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The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable for a civil penalty of $1 million, fintech publication FinanceFeeds reported on Nov. 1, citing a court order issued on Oct. 31. According to the report, a judge at the New York Eastern District Court has approved a motion for a consent judgment in a securities fraud case against several defendants involved in Veritaseum. Specifically, the defendants…

Decred, Stellar Post Massive Gains as Bitcoin Uptrend Halts

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Decred (DCR) and Stellar (XLM) were moving higher on Friday as traders shifted focus from sideways-biased bitcoin. The thirty fifth-largest blockchain project by market valuation, Decred, today surged by as much as 17.83 percent against bitcoin to trade at 1,755 sats a token. At the same time, the altcoin’s performance against the US dollar also improved, with DCR/USD pair registering up to 19.14 percent gains since the market open, to trade at $18.73 a token. Decred’s DCR outperforms bitcoin on Friday morning trade | Image credits: TradingView.com Stellar, the world’s…

Argentina’s Central Bank Bans Bitcoin Purchases With Credit Cards

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After recently imposing limits on U.S. dollar purchases, the Central Bank of Argentina (BCA) announced Oct. 31, that citizens are prohibited from using credit cards to buy Bitcoin (BTC) or other cryptocurrencies. The news was initially reported by Cointelegraph Brazil on Nov. 1.  All in the name of preserving forex reserves The measures were published in a communication covering several industries in which credit card use was limited or prohibited. The section referring to cryptocurrency reads: “Acquisition of Bitcoin and cryptocurrencies: It is prohibited to purchase BTC with this payment…

Samsung Bullish on Blockchain – Pushing for Developers on New Samsung Blockchain Platform SDK

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Samsung Bullish on Blockchain – Pushing for Developers on New Samsung Blockchain Platform SDK

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Samsung has been, behind the scenes, building a variety of blockchain-powered services aiming to capitalize on the emerging market of cryptocurrency and blockchain services – From cryptocurrency wallets to DApps. advertisement Earlier in the year, Samsung announced the Samsung Blockchain Wallet App, along with the blockchain-enabled flagship Galaxy S10 to allow transactions in cryptocurrencies and allow users to easily access DApps on their smartphones. This is now possible through the Samsung Blockchain Keystore, a critical part of Samsung’s blockchain initiative which addresses some of the key security concerns presented by…

BitMEX Exchange Exposes User Base In Email Mishap

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If you have an account with crypto derivatives exchange BitMEX, there’s never been a better time to update your security preferences. On Friday at 08:00 UTC, BitMEX alerted its clientele via blog and Twitter that it had accidentally revealed all of its user’s emails via carbon copy (CC). So, if you have an account with BitMEX, anyone obtaining the email has a portion of what’s needed to access your account. It also potentially opens users up to targeted phishing attacks. According to data tweeted by data analytics firm Skew, BitMEX has…

Bitcoin Price Ranging Under $9.3K Is ‘Extremely Fine,’ Says Analyst

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Bitcoin (BTC) returned to $9,300 on Nov. 1 after a period of downward pressure gave away to fresh positive sentiment.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin shows firm $9K support Data from Coin360 put the largest cryptocurrency at around $9,200 as of press time Friday, with 24-hour performance seeing it dip as low as $9,060. Bitcoin seven-day price chart. Source: Coin360 As Cointelegraph reported, technical problems on two major exchanges appeared to spark brief panic on markets. After reaching around $9,365, BTC/USD saw a sharp dip across the board. …

Bitcoin Shows Extreme Volatility After $10,600 Spike — Where to Next?

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The Bitcoin price has been showing a high level of volatility following its abrupt increase to $10,600 on Oct. 26, when Bitcoin (BTC) climbed by 43% against the United States dollar on a single day. According to Skew Markets, Bitcoin has been more volatile than other major cryptocurrencies like Ethereum in the past week, which does not tend to happen due to the discrepancy in liquidity between BTC and alternative cryptocurrencies. The volatility of Bitcoin’s marked increase following a six-month low indicates that investors remain divided on the potential short-term…