Some 25,000 Chinese companies have tried to issue their own tokens over the past few years, a new report authored by five government agencies claims. Source
25,000 Blockchain Firms in China Tried to Issue Cryptos, Senior Official Claims
Day: November 25, 2019
New Bitcoin Core Software Update Uses Bech32 Addresses by Default
The Bitcoin Core development team released the latest update on Nov. 24 to Bitcoin (BTC)’s original software client — the nineteenth in the coin’s eleven-year history. Releasing Bitcoin Core 0.19.0 (eventually 0.19.0.1 in the available download version, following the discovery of a last-minute issue) was overseen by lead maintainer Wladimir J. van der Laan and was reportedly developed by over a hundred contributors over a roughly six month period. New wallet format, better SegWit interoperability As Aaron van Wirdum has revealed, 0.19.0.1 includes a range of performance improvements, updates and…
Bitcoin Price Below $7,000 and Traditional Markets Follow Suit
Investment apathy in global cryptocurrency markets and also traditional markets deepened over the weekend as Bitcoin price which has been sliding in recent times slipped below the normal psychological $7,000 which everyone within the crypto space has been looking forward towards as a support for one last rally towards the end of this year. Apart from Bitcoin, all other cryptocurrencies are also down as well indicating a market malaise which hasn’t occurred in quite a bit. Ethereum lost almost 10% over the last 24 hours, XRP lost 8.45%, Litecoin, Binance…
OKEx Features Among the Top 10 Exchanges in the Latest CryptoCompare Exchange Benchmark Report
OKEx, the largest digital assets exchange platform has achieved yet another milestone with the CryptoCompare Exchange Benchmark report placing it among the top 10 cryptocurrency exchanges in the world, at number 6. This is not the first time OKEx has been featured in the CryptoCompare reports. In fact, recently the platform was listed as the top cryptocurrency exchange in terms of derivatives monthly volumes. The new CryptoCompare Exchange Benchmark report makes use of a refined methodology to provide one of the most comprehensive, granular and reliable sources of information regarding…
Cryptocurrency Law Will Change in 2020 to Stay ‘Competitive’
Lawmakers in Thailand plan to reform cryptocurrency laws after voicing concerns that they have made the country uncompetitive. As local English-language news outlet Bangkok Post reported on Nov. 25, Thailand’s regulator, the Securities and Exchange Commission (SEC) wants to reconsider its crypto policy in 2020. SEC must be “flexible” on crypto The reason, it says, lies in poor uptake of its certification and licensing scheme by cryptocurrency businesses. Since it came into power last year, only five companies have completed certification, and of those, just two have launched. Now, amendments…
Waves and the Tricky Task of Being a Russian Crypto Brand
What if your biggest client is your biggest reputation risk? Source
‘Mercenary and Baseless’ — Bitfinex Responds to New Lawsuit
Tether-affiliated crypto exchange Bitfinex is battling a new class action complaint, deemed by the firm to be both “mercenary and baseless.” In an announcement published on Nov. 24, the exchange revealed the lawsuit was filed against both companies in the United States District Court for the Western District of Washington two days prior, on Nov. 22 — allegedly without advance notice. Bitfinex: no “nuisance settlements” will be reached Bitfinex’s post uses sharp language to cast aspersions on the motivation and legitimacy of the fresh legal action. The exchange compares the…
Bitcoin Price Drops to $6.5K as Traders Eye CME ‘Gap’ Bounce
Bitcoin (BTC) dropped to within $15 of $6,500 on Nov. 25 after another day of significant losses obliterated previous support levels. Cryptocurrency market daily overview. Source: Coin360 Bitcoin comes within an inch of $6,500 Data from Coin360 shows BTC/USD bouncing off the significant $6,500 barrier, having fallen 7% in the past 24 hours. The cryptocurrency’s weekly downturn currently stands at more than 20% versus the same point last week, while monthly, investors have taken a 30% hit on holdings. Bitcoin seven-day price chart. Source: Coin360 As Cointelegraph reported, current moves…
Finland Prepares for Crypto Ransomware Attacks with Massive Simulation
The Finnish Population Register Centre is orchestrating a country-level simulated crypto ransomware cyberattack that will cover more than 200 Finnish cities and municipalities. A local news outlet reported that major cities and public organizations are bracing for the hypothetical attack where the objective will be to teach the participants how to respond when a group of hackers demand ransomware in cryptocurrency during a series of cyberattacks. Finland’s government has been on high alert after an activist group called ‘#Tietovuoto321’ (data breach 321) had sent Bitcoin(BTC)trade ransom demands to 234 public…
Bitcoin (BTC) Price Nears Possible Short Term Bottom At $6.5K
Bitcoin price is declining and approaching the next bearish target of $6,500 against the US Dollar. The price is down close to 10% and it seems like the bears are targeting $6,500 or $6,400. There is a new connecting bearish trend line forming with resistance near $7,010 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bulls are likely to take a stand near the main $6,500 support (the medium term outlook bearish target). Bitcoin price is approaching the key $6,500 support area against the US…