Category: News

Ontario Securities Watchdog Settles With CoinLaunch, Pending Approval

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The Ontario Securities Commission (OSC) has reached a settlement agreement with the crypto firm CoinLaunch Corp as of July 22. According to an announcement by the OSC, there will be a public settlement hearing on July 24 to determine whether the agreement is in the public’s interest. As per the OSC’s official statement of allegations, CoinLaunch offered a number of crypto-related services, with securities trading among those. More specifically, the statement alleges that CoinLaunch offered to market and promote token offerings, including security tokens, without observing the proper registration requirements…

CertiK Foundation Launches Security-Focused Blockchain

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Blockchain cybersecurity company CertiK has launched its native CertiK Chain blockchain. The CertiK Foundation announced its new release in an official blog post on July 22. According to the announcement, CertiK Chain aims to provide a blockchain infrastructure that is comprehensively secure. The full nodes of this blockchain will reportedly run on CertiKOS, which they say is a “fully verified hypervisor / concurrent OS kernel” that provides purportedly military-grade security against hacking attempts. Additionally, the announcement states that the blockchain is underpinned by the CertiK Virtual Machine, which uses the…

Uganda to Deploy MediConnect’s Blockchain Platform for Tracing Fake Drugs

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The Ugandan government has partnered with blockchain startup MediConnect to trace counterfeit drugs in the country, according to a press release shared with Cointelegraph on July 22. The President of Uganda, Yoweri Musevini, Minister of Health Jane Ruth Aceng, and other government officials granted support for MediConnect’s blockchain-based platform designed to deal with various issues in the pharmaceutical sector. Specifically, the government stated that it would deploy the platform for tracking counterfeit drugs. The platform enables the recording of prescription medication, thus identifying counterfeit drugs and preventing their distribution in…

Swedish Crypto Exchange QuickBit Announces User Data Breach

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Database issues at the Swedish digital currency exchange QuickBit resulted in a breach of sensitive user data, according to an official announcement published on July 22. In the announcement, QuickBit revealed that personal data such as names, addresses, email addresses and card information of 2% of its customers was exposed. QuickBit said that no passwords or social security numbers, complete account or credit card information, cryptocurrency or private keys, or financial transactions were exposed or affected. QuickBit initially published its suspicions about the data incident on July 19, stating that…

Bakkt Begins Testing Bitcoin Futures

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Bakkt, the long-awaited Bitcoin (BTC) futures platform from the Intercontinental Exchange (ICE), has begun testing the delivery of BTC futures, according to an official tweet on July 22. Per the tweet, user acceptance testing for Bitcoin daily and monthly futures began today with participants from around the world. The platform initially announced the launch of futures testing in June, when Bakkt COO Adam White stated, “On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its Bitcoin futures listed and traded at ICE…

How Will the Crypto Markets Perform in Coming Years?

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The crypto markets roared back to life at the beginning of 2019 after having a poor year previously, but many concerns remain despite the impressive show in the first half of the year so far. In an interview, the Managing Director of the advisory firm PFYN Advisory, Patrick Franz, spoke broadly about the range of changes that could eventually propel the crypto space even further in the years to come. PFYN wishes to eventually harness a crypto markets ecosystem in which traders from all over the world can buy and…

Circle Expands to Bermuda, Praises Pro-Crypto Island Government

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Circle announced today that it will be expanding its regulated services to Bermuda, using its new position in the island nation to service its global audience. Circle cited Bermuda’s pro-crypto regulatory environment as a primary motivation for expanding to the island nation. According to the announcement: “While many governments around the world have not kept pace with the regulatory requirements driven by rapid innovation in digital asset businesses and crypto, Bermuda has leapt forward with an exceptionally well designed and comprehensive regulatory framework: the Digital Assets Business Act of 2018…

Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash

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On June 12, the Honestnode team announced the release of a new stablecoin project built on top of the Bitcoin Cash network called Honestcoin (USDH). The new token was made using the Simple Ledger Protocol (SLP) and recently launched on the cryptocurrency trading platform Coinex. This week news.Bitcoin.com spoke with the founder of Honestnode, Jian Shi, to learn more about this new stablecoin. Also read: Coinex Exchange Lists the first SLP-Based Stablecoin Built on Bitcoin Cash A Discussion With the Founder of Honestnode Over the last few years, stablecoins have…

Bitcoin (BTC) Bulls Unconvincing, Over $1 Billion Lost To Hackers

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Bitcoin (BTC) prices are steady Over $1 billion lost to hackers Hacking is forcing thoroughness in cryptocurrency exchanges. Determined hackers have seen exchanges lose over $1 billion with Bitpoint the latest victim. At the time of writing, BTC is stable, but bears have the upper hand. Bitcoin Price Analysis Fundamentals There is always a risk when trading. Unlike trading traditional securities like bonds or Forex, the cryptocurrency space is unregulated. That is perhaps the reason why government representatives are drumming up for proper regulation. Furthermore, Bitcoin and digital assets are…

This Bitcoin Hard Fork Is up Over 100% YTD & Still Looks Very Bullish

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While the limelight continues to shine on bitcoin, there are other crypto tokens that might also deserve your attention. One, in particular, is Bitcoin Gold. The bitcoin hard fork climbed as high as $32.54 on June 26 before succumbing to profit-taking. At that point, the cryptocurrency was up by over 154 percent for the year. It is down almost 20 percent from the 2019 high currently. However, our analysis suggests that the current pullback is potentially nothing but a setup for a big comeback. Bitcoin Gold Printing a Reliable Reversal…