Day: February 19, 2020

PoB Transactions on Cross-Carrier Payment System Successful

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Further developments to blockchain technology are being tackled every day. One of the biggest challenges is how best companies working on blockchain can make their services not only accessible but also practical for users in different countries. The Carrier Blockchain Study Group (CBSG) Consortium is one such collaboration doing just that. Launched in September 2017, the group provides a secure way for telecom customers to make digital payments directly with their carriers using blockchain technology.  Blockchain platform TBCASoft, a founding member of the CBSG, announced in a Feb. 18 press…

Crypto Industry Lauds Token Safe Harbor, But Warns of Risks

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SEC Commissioner Hester Peirce wants to give token projects three years to adequately decentralize their networks before worrying about securities laws. Industry participants believe some kind of so-called “safe harbor” is necessary, and praise Peirce’s proposal for providing a reasonable plan for creating one. Questions remain, including how to define network maturity and what happens to tokens deemed immature under Peirce’s definition.  While Peirce’s proposal will not need an act of Congress to take effect, it will require other SEC commissioners to sign on, and it is unclear whether this…

Bitcoin Above $10,200 Make Case For Larger Rally In Steep Short-Term Reversal

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Bitcoin started a sharp increase above $9,800 and $10,000 against the US Dollar. BTC is currently consolidating and it could soon rally above $10,200 for the next bullish wave. Bitcoin price is showing positive signs above the $10,000 pivot level against the US Dollar. A new intraday high is formed near $10,279 and the price is currently correcting lower. There is a key bearish trend line forming with resistance near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). Ethereum jumped more than 5% and surged…

IRS Invites Cryptocurrency Advocates to March Summit

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With the 2019 tax season upon us, the IRS is leaving nothing off the table. Cryptocurrency holders are looking for ways to avoid reporting failures on their returns, and the agency has noticed. According to a Feb. 19 report by Bloomberg Tax, the IRS has invited cryptocurrency companies and advocates to appear for a March 3rd summit in Washington DC. Among the aims of the summit are determining how to “balance taxpayer service with regulatory enforcement.”  Topics under discussion at the summit include regulatory guidance and compliance, preparing tax returns,…

Bitcoin Price Zig-Zagging Between $8000 and $10000 As the Market Takes Profit

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Bitcoin Price Zig-Zagging Between $8000 and $10000 As the Market Takes Profit February 18, 2020 by Ramiro Burgos Bitcoin price and alt-coins have been in a sideways pattern this past week while the market takes profits. Intermediate support can be seen at $8000, setting a zig-zagging distribution area that could attract many new players to receive the profit-taking opportunities from old holders and winners. Also Read: Text-My-Bits Wins Miami Hackathon Now Send Bitcoin Through SMS Text Bitcoin Price Long Term Analysis The fly in the ointment to quality and diversification…

Ripple (XRP) Recovery Facing Key Hurdles: Can Bulls Outsmart Bears?

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Ripple started an upside above the $0.2850 resistance area against the US Dollar. However, XRP price is still facing a couple of key hurdles near $0.3000 and $0.3080. Ripple price is currently correcting higher from the $0.2677 swing low against the US dollar. The price is trading above $0.2850, but it is still facing many key resistances. There is a key bearish trend line forming with resistance near $0.3000 on the hourly chart of the XRP/USD pair (data source from Kraken). The price struggle to continue above the $0.3000 and…

DeCurret Partners with KDDI to Test Digital Currency

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As the origin of cryptocurrency, Japan often leads the way when it comes to joint projects between companies in different fields, united by their desire to lead the pack in innovation. E-commerce giant Rakuten partnered with the East Japan Railway Company on June 5 to promote a cashless payment system.  A new collaboration is in progress between the Japanese telecom giant KDDI and crypto exchange DeCurret. According to a Feb. 18 press release, the two companies — in collaboration with au Financial Holdings and WebMoney — will conduct a joint-project…

Ethereum Trend Overwhelmingly Bullish: Here’s Why ETH Could Rally Past $300

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Ethereum jumped back above $260 and $270 against the US Dollar. ETH price is now consolidating above $275 and it could soon surpass the $288 resistance area. Ethereum is back in a positive zone, with a strong bullish bias above $275 against the US Dollar. The price is likely to accelerate gains towards the $300 level in the near term. There is a short term contracting triangle forming with resistance near $284 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price is up around 4% and it…

The Law Enforcement’s Guide to Policing Crypto Cybercrimes

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2019 demonstrated that cyber-attacks are getting more numerous in the cryptocurrency industry, while hardware remains vulnerable and high-profile data leaks are becoming more common. Even worse, the trend is a continuing one.  Way back in June 2018, Kaspersky Lab security experts reported an increase in the amount of malware targeting the cryptocurrency market. They noted a trend toward the spread of two types of malware: for hacking cryptocurrency wallets and for malicious Bitcoin (BTC) mining. As cybercrimes using digital money have begun to affect more countries and involve more advanced…

Samsung Continues Support for Crypto with New Flagship Smartphone

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Samsung Electronics’ newly launched Galaxy smartphone will come with the same crypto storage facilities found on previous models. Unveiling the Samsung Galaxy S20 range recently, the Korean tech giant said the phone’s security system includes a new “secure processor dedicated to protecting your PIN, password, pattern and Blockchain Private Key.” Although Samsung gave much more website real estate to the S20’s improved battery-life and picture-capturing capabilities, the reference to private keys suggests Samsung’s new model will continue to have the same cryptocurrency storage facilities found in previous models. Cryptocurrency private…