Day: December 25, 2019

Uzbekistan Bans Citizens From Buying Cryptocurrencies

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The government of Uzbekistan has reportedly barred its citizens from purchasing cryptocurrencies. According to local news outlet Novosti Uzbekistana on Dec. 25, the National Project Management Agency has banned citizens from purchasing crypto, even on established exchanges.  The decision comes as a surprise to many, as the country has previously displayed a relatively lenient stance toward digital currencies.  In September 2018, the country’s government signed a memorandum of understanding to regulate and establish licensing for crypto exchanges, mining operations and initial coin offerings. That same month, Uzbek President Shavkat Mirziyoyev…

Blockchain Company NULS Hacked; $480K Worth Tokens Stolen

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NULS, an open source blockchain-powered platform, posted a security update notice on their social media account on Twitter on 23rd December. NULS announced that the security team at the company has recently detected an account belonging to NULS that was attacked by black hat hackers and resulted in a total loss of 2 million NULS tokens, which would be equivalent of $480,000 US dollars. The blockchain firm further details that among the digital currency lost due to the attack, almost 548,000 NULS tokens (worth around $131,600) were not able to…

Craig Wright Shows ‘Evidence’ of Satoshi’s Pseudonym in Bizarre Interview

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The infamous self-proclaimed Bitcoin founder, Craig Wright, is at it again. The Australian computer scientist is resilient in his pursuit to prove he is the one and only Satoshi Nakamoto. That would be commendable if not that each attempt tends to prove his desperation instead. In a recent hard-to-believe-it’s-not-arranged interview, Wright once again fought so hard to convince himself and the general public that he is the long sought after creator of Bitcoin(BTC)trade Satoshi Nakamoto. This time he is out to prove the origin of the Satoshi Nakamoto pseudonym –…

A Bitcoin War Is Brewing Over KYC

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Every year, Bitcoin faces a new foe intent on crippling it by undermining the foundations it was built upon. From mining cartels to developer disputes, Bitcoin has faced a barrage of threats over the past decade. When it’s not internecine conflict taking its toll, it’s external forces including politicians and regulators seeking to exert control. In 2020, the cryptosphere will face one of its toughest challenges yet as the KYC war heats up. Also read: Utorg Exchange Grants Access to Traders With Limited Verification The Battle Lines Have Been Drawn…

Bitcoin Eyeing Last Line of Defense, Bulls Losing Grip

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Bitcoin price is struggling to stay above the $7,160 and $7,120 support levels against the US Dollar. A successful close below $7,120 could accelerate decline below $7,000. There is a key connecting bearish trend line forming with resistance near $7,480 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could either accelerate decline below $7,000 or recover to $7,500. Bitcoin price is showing a few bearish signs below $7,400 against the US Dollar. BTC must stay above $7,120 to avoid a nasty decline below $7,000.…

Ethereum Turns Red, Signaling Fresh Decrease Below $125

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Ethereum is struggling to stay above the key $125 support area against the US Dollar. A successful close below $125 could spark another bearish wave in the near term. There is a connecting bearish trend line forming with resistance near $130 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin is currently consolidating above the $7,200 support area. Ethereum price is showing a few bearish signs versus the US Dollar and bitcoin. ETH price could decline heavily if there is a break below $125 and $120. Ethereum Price…

Tech Development, Investments and NFT to Drive Crypto Adoption in 2020

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As the end of the year draws closer, discussing what the future holds for the crypto industry becomes increasingly relevant. In particular, how global financial and technological trends will affect the adoption of cryptocurrencies in the coming year. Despite the critics, the number of industry experts and crypto enthusiasts who foresee a promising future for cryptocurrencies has been on the rise. Institutional investors are now paying more attention to crypto-related projects and products, and universities have even started to offer courses on cryptocurrency and blockchain technology. Now, talks of how…

University of California at Santa Barbara Just Finished Its First Accredited Blockchain Course

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The University of California at Santa Barbara (UCSB) has just concluded its first accredited course focused on blockchain and distributed ledger technology. The course, which was taught as a computer science class through the College of Creative Studies, was formed in response to requests from the Blockchain Acceleration Foundation (BAF), a nonprofit organization composed of students, professors, blockchain advocates, and interested individuals who want to facilitate the mass adoption of blockchain technology. Blockchain at UCSB co-founder and Blockchain Acceleration Foundation president Cameron Dennis noted that despite blockchain’s rising popularity on…