Day: December 13, 2019

Bitcoin Price Short-Term Indicators Hinting at $7.4K Weekend Bounce

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The price of Bitcoin (BTC) has headed north over the last 24 hours, up over 1% at $7,272. As a result, each of the major cryptocurrencies has followed the market leader with the total cryptocurrency market cap reaching $198 billion and BTC dominance remaining steady at 67% of the total market. In other words, Bitcoin’s market cap now stands at $132 billion. Cryptocurrency market daily view. Source: Coin360 Weekly chart   BTC USD Weekly chart. Source: TradingView Despite a strong finish to the week, the price of Bitcoin is down…

VeChain Foundation Hacked for $6.5M in VET Token Theft

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The Singapore-based VeChain Foundation’s buyback wallet was compromised by a hacker at 12:27 UTC on Friday, VeChain wrote, with the funds being withdrawn to a private address. The firm says it has tagged and tracked the funds and is working with cybersecurity firm Hacken to isolate the tokens’ flow to various exchanges. Source

200K Users ‘Already in Line’ for Robinhood’s Fractional Stock Trading

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More than 200,000 Robinhood clients have already expressed their intent to use its new fractional stock trading app announced yesterday. Vladimir Tenev, co-founder at Robinhood, said that the clients were “already in line” for the app, considering the early signs as “really promising,” CNBC reports Dec. 13. After Robinhood’s user base recently crossed 10 million accounts, the firm is now valued at $7.6 billion and plans to expand its business to the United Kingdom, according to recent data. Robinhood users can buy slices of Amazon shares and ETFs for just…

BTC, Cryptos Prepare for Possible ‘Santa Rally’

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Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as it shows large investors have been accumulating Bitcoin during its bear phase. There is, however, no major change in the top 1,000 addresses, as their holdings only inched up from 34.4% at the end of 2017 to 34.8%, according to Flipside. While retail traders have been worried about picking a bottom, large investors are looking…

Sweden’s Central Bank to Partner with Accenture to Launch E-Krona

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Sweden’s central bank is planning plans to create a pilot platform for a digital currency known as the e-krona. While Switzerland took a negative stance towards a central bank digital currency (CBDC) earlier today, with its government claiming that it could do more harm than good, Sweden is starting to explore the potential benefits of e-krona, Reuters reports Dec. 13. Riksbank eyes partnership with Irish professional services firm Accenture According to the report, Riksbank, Sweden’s central bank, said that it would partner with Irish professional services company Accenture to create…

It’s Time to Walk-the-Talk on Decentralized Governance

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The time has come, they say, to move past the backroom wheeling and dealing – a hegemon calling all the shots, or a corrupt small group protecting special interests. DevCon, the ethereum conference in October, proved that crypto people (entrepreneurs, coders, users) want equal governance as an active goal of crypto projects. Cryptocurrency users are looking for projects that give them a direct say.  Source If You Liked This Article Click To Share DecentralizedGovernanceTimeWalktheTalk CryptoX Portal

It’s Time to Walk-the-Talk on Decentralized Governance

boss

The time has come, they say, to move past the backroom wheeling and dealing – a hegemon calling all the shots, or a corrupt small group protecting special interests. DevCon, the ethereum conference in October, proved that crypto people (entrepreneurs, coders, users) want equal governance as an active goal of crypto projects. Cryptocurrency users are looking for projects that give them a direct say.  Source

VeChain Loses $6.6M in VET Tokens to Hacker in Attack on Buyback Wallet

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Note: This story has been updated to provide more details about the incident. VeChain Foundation’s wallet has been compromised in a hacker attack targeting funds earmarked for the foundation’s buyback program. Per a VeChain Foundation announcement on Dec. 13, an unknown hacker has redirected 1.1 billion VET tokens — valued at approximately $6,600,000 at press time — from the VeChain Foundation’s buyback wallet to a personal wallet address. Security breach is likely a result of internal misconduct unnoticed due to human error In the initial update on the incident, VeChain…