uBUCK Signs Strategic Alliance Agreement with Deltec Bank & Trust

LiteLink Technologies Inc. (CSE:LLT) (OTC:LLNKF) and its subsidiary uBUCK Technologies announced some exciting news this week that will offer the digital wallet and payment platform a major edge on its competition. uBUCK announced that it has signed an alliance agreement to form a strategic commercial relationship with Deltec Bank & Trust, a diversified independent financial institution that is based in The Bahamas. Deltec, which provides a range of private banking expertise, corporate and merchant banking capabilities, digital asset financial services, fund administration, investment management, and insurance solutions to its global clients, will…

Analysts Laugh Off Recent ‘One-Whale Theory’ of BTC’s 2017 Bull Run

Just a single player or entity was allegedly responsible for Bitcoin’s historic price surge, as suggested by a recently updated academic paper titled “Is Bitcoin Really Un-Tethered?” Originally released in the summer of last year, the study claimed that major Bitcoin (BTC) price manipulation occurred in winter 2017, prompting top cryptocurrencies to reach their all-time highs. The Tether (USDT) stablecoin and its issuer Bitfinex played a key role in the alleged hoax, the researchers also argued. The newer version of the paper maintains the same assumption, but additionally asserts that…

Australian Home Affairs Minister: Cryptocurrency Is Being Used to Fund Terrorism

Peter Dutton, Home Affairs Minister of Australia, warns the public that cryptocurrency is being used by terrorists who are exploiting it for transactions and funding of their heinous agendas. He further added that sine the transactions of digital currencies are anonymous, it is allowing them to go unnoticed under the radar. As part of a conference speech, Dutton claimed that the secrecy that is offered by such technologies, referring to cryptocurrencies, can benefit terrorist organizations’ financiers to cloud their activities. The counter-terror conference was held in Melbourne on Thursday. The…

China embraces blockchain as next frontier for digital future

China is among one of the first major countries to acknowledge the potential of the blockchain technology. Starting in 2014, the central bank has been doing research on digital currency. Over concerns of financial stability, the country has been enhancing research and analysis on the safety risks of blockchain. Having taken the lead in frontier technologies including artificial intelligence and 5G, China is paying attention to the nascent blockchain technology to power its digital future. During a group study session of the Communist Party of China (CPC) Central Committee Political…

Ripple (XRP) Disappoints as It Dumps Big on the First Day of Swell Conference

Ripple (XRP) has been slowly positioning to take out a key resistance and start a bull market. Unfortunately, even the Swell conference cannot help the cause of the cryptocurrency. Analysts continue to be bearish on Ripple as the crypto token succumbs to profit-taking. Ripple (XRP) has been flirting with the possibility of a breakout and trend reversal over the last two weeks. Peter Brandt, the most followed trader on Twitter, appears to be closely monitoring the price action of the cryptocurrency. On Oct. 26, just as XRP climbed above resistance…

The UN: North Korea Laundered Money via Hong Kong-Based Blockchain Company

The United Nations is accusing North Korea of using a blockchain firm in Hong Kong to carry out money laundering schemes and other illicit activities. The English version of the Korean news outlet Chosun reported that the UN Security Council’s Sanctions Committee has initiate the investigation on North Korea regarding the issue. North Korea has a proven history of cyber attacks and home-grown hackers. The country has about 200 groups of hackers overseas and the North Korean intelligence agency has been training selected individuals to become cyber agents from childhood…

Bakkt Posts Second Largest Trading Volume; Bullish for Bitcoin

Bakkt’s monthly futures volume surged to $10 million, the second-largest on record. The steady growth of Bakkt’s monthly futures volume may reflect the growing interest of institutional investors. In addition, the rise in volume is giving analysts more reason to be bullish on bitcoin. Bakkt’s monthly futures volume on Tuesday skyrocketed to 1,061 contracts. That number is 112 contracts short of ICE-operated platform’s all-time high of 1,183 contracts. The sudden volume surge came to the surprise of the crypto community. The last time Bakkt’s monthly futures volume spiked was on…

No More Basement Rigs, Greater Profits to Come

Back in the early days, when Bitcoin (BTC) was but a niche experiment for cypherpunks and basement-dwelling hobbyists, the process of its creation required little more than a budget CPU. Since that time, however, an entire industry has sprung forth and a quasi-gold rush rivaling that of the 1850s has taken the world by storm. As a direct result of both the increasing difficulty of Bitcoin mining and the decreasing profitability of mining solo, the current mining industry has become dominated by huge conglomerates. Ostensibly known as Bitcoin’s industrial revolution,…

Venezuela President Maduro Touts Trezor Bitcoin Wallet on National TV

On Nov. 6, President of Venezuela, Nicolas Maduro appeared on state-run television station Venezuelan Television Corporation (VTV), holding a crypto hardware storage device allegedly developed by major wallet supplier Trezor. The video is posted on the official Facebook page of President Maduro. Trezor says it is unaware of the alleged Trezor representatives who appeared on the Venezuelan national TV alongside Maduro. Trezor says it is investigating In a news segment titled “Private companies of cryptocurrency are operative in Venezuela,” Maduro was meeting a company that introduced themselves as alleged representatives…

Bitcoin Price & Technical Analysis: BTC Returned to Flat

Photo: Shutterstock By Dmitriy Gurkovskiy, Chief Analyst at RoboForex. BTC/USD tech analysis Brexit helps the BTC – Easy Crypto China does not consider mining unwanted activity anymore On W1, the Bitcoin is trying to secure above the resistance line it has overcome. This might mean that the market players are waiting for yet another impulse of growth to the local resistance at $11321.00. However, growth to the main peak at $13857,20 in neither excluded. On the MACD, the histogram is still in the “red zone”, while on the Stochastic, there…