Day: August 28, 2020

Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading

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Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect right after the monetary policy review by the Reserve Bank of Zimbabwe (RBZ) on August 21. In a sign that MNOs have lost an appetite to fight the RBZ, the mobile money market leader, Ecocash…

FBI and Tesla thwart $4 million Bitcoin ransomware plot

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A young Russian citizen and his co-conspirators came within an inch of carrying out a major ransomware attack against Tesla — unaware that their target had already turned them in. Last week, the United States Federal Bureau Investigation (FBI) unsealed a criminal complaint against a conspirator in a thwarted ransomware plot against the electric car maker Tesla. On Aug. 22, the Bureau arrested 27 year-old Russian citizen Pavel Kriuchkov in Los Angeles, who had allegedly spent much of his month in the U.S. attempting to recruit a Tesla staffer at…

What is Concordium? Balancing Identity and Privacy for Enterprises

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Back in 2017, much of the news in the blockchain space focused on enterprise adoption. When organizations from Walmart to the Swedish government were investing in the technology, the tipping point seemed inevitable. Instead, enterprises didn’t really embrace blockchain in the way that the initial promise had indicated. Ethereum proved unable to scale, with high gas fees and congestion during peak usage. Other platforms, such as EOS, introduced security concerns due to the centralization of network control into the hands of a few block producers. Enterprise users have drifted towards…

Fed is Creating a Monster Bubble, But the Stock Market Won’t Care

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The Federal Reserve is creating a “catastrophic” economic bubble through its decision to implement a 2% average inflation rate, says Peter Schiff. The U.S. stock market is continuing to surge and strategists expect an asset bubble to form, as stocks show fewer signs of a double-dip. Investors question whether this gives the Fed too much power over the U.S. economy and markets. Strategists and investors warn that the Federal Reserve is creating a bubble through its policy changes. The U.S. stock market has climbed by 53.25% since the March bottom,…

Japanese financial giant SBI to launch CFDs for Bitcoin, Ether and XRP

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Japanese financial giant SBI Holdings is preparing to launch contract-for-difference (CFD) trading for major cryptocurrencies like Bitcoin (BTC). Starting Aug. 31, SBI Holdings will start CFD trading service for crypto assets like Bitcoin, Ether (ETH), and XRP, Cointelegraph Japan reports on Aug. 28. As officially announced, the new service will be offered through SBI’s foreign exchange-focused arm, SBI FX Trade. The platform is accepting new account registrations immediately, the announcement notes. The new trading offering will allow SBI clients to trade crypto CFD contracts against the Japanese yen and the…

Amazon Announces Halo Activity Tracker and Smart Health Subscription

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Amazon steps into the fitness wearables market by announcing its fitness tracker Amazon Halo Band and its smartphone subscription services. The Amazon Halo Service prioritizes more on lifestyle changes associated with individuals’ daily habits and routines. Technology and e-commerce giant Amazon.com Inc (NASDAQ: AMZN) is making some big moves in the fitness wearables market. On Thursday, August 27, Amazon unveiled its new membership program and smartphone app Halo. Halo is a comprehensive wellness monitoring and personal health subscription service. Currently, Amazon is providing early access to its Halo service on…

OKEx Respects Polkadot’s Community Spirit, Lists DOT on Aug 21

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The leading crypto spot and derivatives exchange platform OKEx has stuck to its commitment to encourage community-based projects by adhering to Polkadot’s DOT token listing deadline proposed by community vote. The latest listing follows the completion of DOT redenomination process on August 21, 2020. OKEx is one of the few exchanges that adhered to the timeline as per the agreed-upon waiting period starting August 18 followed by listing three days later. Initiated by a community vote on July 13, the redenomination process created new DOT tokens by splitting its predecessor…

Bitcoin trader sees 6 bullish signs for BTC after Fed ‘non-event’

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Bitcoin (BTC) can still top $13,000 and higher as a series of “non-events” still leave bulls in a powerful position. Data from Coin360 and Cointelegraph Markets showed BTC/USD climbing towards $11,500 on Aug. 28, as one analyst said that the level is crucial to reclaim for gains to continue. Cryptocurrency market daily snapshot, Aug. 28. Source: Coin360 BTC price: $11.5K close extends “bullish re-accumulation” In an update to subscribers of his Telegram trading channel on Friday, filbfilb said that despite the previous day’s volatility, he remained long BTC. “In context…

Bitmain, Ebang Among 21 Bitcoin Mining Farms Stripped of Energy Perks in Inner Mongolia

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Over 20 bitcoin mining farms in China’s Inner Mongolia have been stripped of electricity perks after a clampdown by the local government. A document issued by the Department of Industrial and Information Technology of the Inner Mongolia Autonomous Region on Aug. 24, obtained by CoinDesk, shows the government agency has required a local electricity trade company to disqualify 21 bitcoin mining farms from participating in energy trading. Chinese crypto news source Wu Blockchain first reported the document, but did not provide the names of the farms on the list. Notable…

Binance Coin (BNB) Gains 5%, Technicals Indicate Fresh Monthly High Above $24

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Binance coin price is up over 5% and it broke the $23.00 resistance against the USDT. BNB is likely to continue higher and it could even surpass $24.00 and $25.00. Binance coin price is gaining bullish momentum above the $22.50 resistance against the USDT. The price is approaching a major hurdle near the $23.80 and $24.00 resistance levels. There was a break above a major bearish trend line with resistance near $22.25 on the 4-hours chart of the BNB/USDT pair (data source from Binance). Bitcoin start a fresh increase above…