Day: November 7, 2019

Crypto Exchange Bitfinex Cancels the K.im Token Sale Over Regulatory Issues

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The infamous cryptocurrency exchange and trading platform Bitfinex has announced on November 5 that it has halted the sale of K.im token on its Bitfinex Token Sale platform for an uncertain period of time due to regulatory issues. Bitfinex further affirmed that the developer of K.im will keep users notify about the token sale once the K.im platform will be fully functional and that everything that surrounds it will comply with current regulations. K.im might choose the route of equity-based offering for the investors who were planning to take a…

Bitcoin and Ethereum Market Update: November 7, 2019

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Total crypto market cap added $5.4 billion to its value since Monday, November 4 and now stands at $251.8 billion. Top ten coins remained mostly flat for the last 24 hours but we saw Stellar (XLM) and EOS (EOS) loosing 7.1 and 2.5 percent of their values respectively. At the time of writing bitcoin (BTC) is trading at $9,288 on the Bitstamp daily chart, while ether (ETH) stands at $188 and Ripple’s XRP moved up to $0.299. BTC/USD Bitcoin made another step down on Sunday, November 3, and closed the…

Blockchain Must Solve These 3 Issues to Avoid Quantum Threat: Expert

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Blockchain community should immediately begin working on three issues to prevent being overtaken by quantum computers, a cryptography expert says. Xinxin Fan, head of cryptography at privacy-IoT blockchain platform IoTeX, published an article in The International Business Times on Nov. 7, calling the blockchain community to be constantly updated about the progress made on quantum computers. While reiterating that short-term developments in quantum computing are “modest,” Fan urged that blockchains will have to keep pace to avoid being overtaken by quantum computers as they grow and improve. As such, Fan…

The Essential Crossroads of Privacy and Blockchain

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Data breaches occur every passing minute of every passing day. From SIM swap attacks on mobile phones to major data breaches that have exposed the confidential information of millions to hackers, protecting our data and our identity has become a top priority for consumers and businesses alike. A common saying on the internet has become “if you’re not paying for the product, you are the product.” Just this year alone, some of the largest data breaches have included the likes of Capital One (one of the largest banks in the…

Swell the News? XRP Drops 5% as Ripple’s Flagship Event Kicks Off

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Ripple’s annual Swell conference has failed to induce positive price action for associated token XRP, data following the event shows. Price data from Coin360 covering XRP/USD showed selling pressure take over on Nov. 7, as the two-day conference continues.  Swell has no impact on XRP Having reached local highs above $0.30 on Monday, the pair began expanding as Swell began but subsequently saw a rejection at just above $0.31. At press time, XRP was back below the $0.30 mark, trailing at $0.28 on major exchanges, its lowest price since the…

Bitcoin History Part 19: Wikileaks and the Hornet’s Nest

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“WikiLeaks has kicked the hornet’s nest, and the swarm is headed towards us.” With those 13 words, Satoshi Nakamoto stepped into oblivion, leaving a blizzard of unanswered questions that would enshroud his disappearance. That ominous message was to prove his penultimate forum post, dispatched a day before his final entry. What happened to put Wikileaks in the crosshairs of Bitcoin’s creator? Also read: Bitcoin History Part 18: The First Bitcoin Wallet Wikileaks Shines a Light on Bitcoin Satoshi’s words were freighted with such a sense of foreboding that many believe…

Blockchain Gives ‘Illusion of Traceability’ for Walmart

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Experts allege the biggest hurdle facing the blockchain systems being adopted by food retail  giants such as Walmart and Nestlé has nothing to do with the technology itself. In an interview with Tech Wire Asia, published on Nov. 7, Craig Heraghty — Agribusiness Leader at “Big Four” auditor PwC — reflected on the rising trend of blockchain among major retailers globally. He argued that: “The weakest link in the chain is not blockchain or any technology, the weakest link is the piece of sticky tape that puts the label on…

CFTC Orders Binary Options and Crypto Scam Blue Bit Banc to Pay Over $4.25 Million

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Starting the month of November with a big bang! The US Commodity Futures Trading Commission (CFTC) has once again strengthened its trust with the general public as it busts four entities as well as two key players in a fraudulent binary options scheme that incorporated a shady cryptocurrency. The case, which was filed about 7 months ago, was finally put to bed on the 1st of November. Concluding the case, the CFTC ordered all parties involved to pay over $4.45 million for fraud and misappropriation of funds. According to the…

Bitcoin Price Risks Drop Below $9K if Bulls Can’t Muster Rally Soon

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View Bitcoin’s repeated failure to produce a strong bounce from key support indicates the bullish sentiment has fizzled somewhat. Failure to hold above a bearish MA on the longer-term chart indicates scope for a deeper drop. BTC risks falling to $8,800 in the short-term and may extend the decline to $8,500. A high-volume triangle breakout on a 4-hour chart would be bullish, although that looks unlikely at press time. Bitcoin is struggling to revive its stalled rally and could soon roll over to deeper support levels below $9,000. The top…

Bitcoin’s ‘Self-Settlement’ Is a Revolution Against Dollar

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Bitcoin (BTC) beats both fiat currency and gold because it does not need settlement, RT host Max Keiser has said. In the latest episode of the network’s Keiser Report on Nov. 7, the well-known Bitcoin bull explained that other forms of transactions need settlement time, but Bitcoin does not. Keiser: BTC “uniquely self-settling” This is because, in Bitcoin, the transaction and settlement are inseparable from one another. Moving BTC between wallets simply means updating a ledger, which implies instantaneous settlement as miners confirm the transactions.  “There’s a lot of friction,…