Cryptocurrency news

• MakerDAO Responds to Dev Accusing Network of $340M Vulnerabilty

  10-12-2019 23:04 via cointelegraph.com
  
  Maker announced a series of governance polls after dev divulged how hackers could attack the MakerDAO network and steal $340 million
  
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• Industry Reacts to Mark Cuban’s ‘No Chance’ for Bitcoin Comments

  10-12-2019 23:02 via newsbtc.com
  
  American businessman and investor Mark Cuban believes that Bitcoin has “no chance” of becoming a reliable currency. Amongst other criticisms, the billionaire believes the digital asset is too difficult to use for the average person.
  Naturally, Bitcoin’s staunchest proponents disagree. Some have said that Cuban sounds like a critic of the early internet. Others have offered to educate him on the subject.
  Mark Cuban Ruffles Bitcoin Industry’s Feathers Again
  Billionaire inve
  
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• European Governments Taking Greater Steps To Regulate Blockchain Tech

  10-12-2019 23:00 via crypto-news.net
  
  Europe has always been a hot spot of crypto activity, and now a number of European states may finally be ready to recognize the legitimacy of blockchain technology and begin regulating cryptocurrencies. Germany has become the latest European nation to take this step, as a bill enabling banks to enter the crypto space has passed the federal parliament. Should this become law it would represent perhaps the boldest step yet taken to move blockchain assets into the legacy financial space.
  The German
  
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• Blockchain Faces Big Challenges But the Opportunity Is Enormous

  10-12-2019 22:30
  
  Western economies can lead the world by embracing decentralization and the Internet-of-Value.
  
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• Wu Jihan Resurfaces As Bitmain CEO After Co-Founder Is Forced Out

  10-12-2019 22:20 via cointelegraph.com
  
  Tech billionaire Wu Jihan has reappeared at the helm of Beijing-based mining giant Bitmain
  
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• Industry Execs Have Been Calling For $100k Bitcoin, But What’s it Actually Based Off Of?

  10-12-2019 22:00 via newsbtc.com
  
  $100,000 has long been a popular Bitcoin (BTC) price target amongst cryptocurrency investors and analysts, but there is much debate as to whether or not this is a realistic target for the cryptocurrency.
  Although the calls for an imminent $100k Bitcoin keep pouring in, there is a limited number of events that could catalyze this type of movement, with the most imminent event being BTC’s upcoming mining rewards halving.
  But the question remains, will the halving be enough to send the crypto
  
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• Russia’s Power Grid Company Tests Blockhain for Power Meter Data

  10-12-2019 21:57
  
  Russia’s national power grid company Rosseti is testing a system for electricity bill payments based on a distributed ledger by Waves.
  
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• Russia’s Power Grid Company Tests Blockchain for Power Meter Data

  10-12-2019 21:57
  
  Russia’s national power grid company Rosseti is testing a system for electricity bill payments based on a distributed ledger by Waves.
  
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• US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme

  10-12-2019 21:27
  
  U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
  
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• US Judge Orders UK Court to Depose Telegram’s Advisor About Token Sale

  10-12-2019 21:24
  
  U.S. District Court Judge P. Kevin Castel in New York signed an order to Britain's High Court to depose John Hyman, Telegram's chief investment officer.
  
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• UK Court Orders US Judge to Depose Telegram’s Advisor About Token Sale

  10-12-2019 21:24
  
  U.S. District Court Judge P. Kevin Castel in New York signed an order to Britain's High Court to depose John Hyman, Telegram's chief investment officer.
  
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• Crypto, Crypto, Crypto… CEO Says ‘Crypto’ 100K Times For Homeless Charity

  10-12-2019 21:00 via newsbtc.com
  
  The CEO of a digital currency exchange in the UK has set himself an incredibly bizarre challenge. People have been donating to Pete Wood of CoinBurp as he attempts to raise money for a homeless charity by saying the word “crypto” 100,000 times.
  Wood is live streaming the challenge via YouTube with public addresses displayed for both Bitcoin and Ethereum donations. The proceeds of the fund raiser will be gifted to the Centrepoint – the UK’s leading youth homelessness chari
  
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• Cryptocurrency Is Most Useful for Breaking Laws and Social Constructs

  10-12-2019 20:30
  
  Decentralized systems forsake scale, speed and cost in favor of one key feature: censorship resistance. Get used to it.
  
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• Matic Dump Leads To Questions Over IEO Crypto Legitimacy

  10-12-2019 20:27 via newsbtc.com
  
  The crypto community is reeling after Matic dumped 70% of its USD value in an hour. And as a Binance Launchpad project, the circumstances around the event have left many wondering whether IEOs are any different to ICOs.Matic Crashes Back Down To Earth
  Only yesterday, Matic was riding high off the back of strong price performance. This saw an astonishing 220% gain since the tail end of November.
  And, when tied in with a solid use case, Ethereum off-chain scaling solution utilizing the Plasma fram
  
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• Implosion: MATIC Erases Four-Week Rally in Just Two Days

  10-12-2019 20:27
  
  The Matic Network cryptocurrency (MATIC) plunged significantly in the past 48 hours, erasing a four-week rally.
  
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• Room To Fall: Ethereum May Be Down 90% But ICO Investors Are Still Up Over 400x

  10-12-2019 20:00 via newsbtc.com
  
  The price of the second-largest cryptocurrency by market cap, Ethereum, may be down as much as 90% from its all-time high price of over $1,400, but ICO investors are still up over 400x on their initial investment.
  Could this suggest that Ethereum has a lot more room to fall, despite seeing most of its 2017 bull run gains evaporate already?
  Early Ethereum Investors Are Still Up Over 400x On Initial Investment
  Ethereum today dominates the cryptocurrency market alongside Bitcoin and Ripple. The big
  
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• Santander Redeems $20M Bond Using Ethereum Blockchain

  10-12-2019 19:47 via cointelegraph.com
  
  Spanish banking giant Santander has just redeemed a $20 million bond that was issued in September via the Ethereum blockchain
  
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• Nike Patents a System for Tokenizing Shoes on Ethereum’s Blockchain

  10-12-2019 19:41 via cointelegraph.com
  
  Nike patents shoes tokenized on Ethereum’s blockchain dubbed “CryptoKicks,” that can be “bred”
  
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• Tezos Rally Fizzles After 100% Gain — Likely Top for XTZ/BTC Appears

  10-12-2019 19:32 via cointelegraph.com
  
  A possible top formation on the XTZ/BTC pair is hinting that the 100% rally could be running out of momentum
  
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• Bitcoin Price: Bear Pennant Targets $4,600, Has The Breakdown Begun?

  10-12-2019 19:00 via newsbtc.com
  
  Bitcoin price has been steadily falling, locked in a downtrend over the course of the last few months, taking the price of the cryptocurrency to roughly 50% of the year’s high of $14,000.
  After the latest sustained drop, Bitcoin has been consolidating in what now appears to be a bear pennant chart pattern formation, which suggests that yet another drop is ahead, and could take the price of the leading cryptocurrency by market cap to as low as $4,600 in the days ahead.
  Bitcoin Price Forms B
  
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• 2019: The Year Washington, Silicon Valley and Beijing Faced Off Over Crypto

  10-12-2019 18:30
  
  Hacks, futures, settlements, flippenings, geopolitical conflict -- 2019 had it all.
  
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• BNY Mellon and Credit Suisse Involved in Telegram’s $1.7B Sale: Report

  10-12-2019 18:21 via cointelegraph.com
  
  BNY Mellon and Credit Suisse were reportedly investors in Telegram’s $1.7 billion Gram token sale
  
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• JPMorgan Blockchain Payments Network Eyes January Japan Launch

  10-12-2019 18:20
  
  JPMorgan's Interbank Information Network will expand to Japan early next year, according to its executive director.
  
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• Matic Crypto Pump and Dump Reminder of How Dreams Can Turn To Nightmares

  10-12-2019 18:00 via newsbtc.com
  
  Last night, the altcoin cryptocurrency known as Matic was the talk of the crypto community, as the asset had spent the week going on a circa-2017 Bitcoin-like parabolic run, only to drop over 70% in less than an hour, destroying investors who got caught up in price action.
  This recent pump and dump is a hard-hitting reminder of how even the most incredible dream-like gains in the crypto world, can quickly turn into nightmares for others, just days or even minutes later.
  Matic Pumps 180% in Two W
  
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• Bitcoin Not Threatened by Cryptocurrency Launched by Laureate-Advised Firm

  10-12-2019 18:00 via newsbtc.com
  
  Amidst regulatory uncertainty, U.K.-based Saga hopes to introduce a global digital currency that lawmakers and consumers alike find agreeable. The “stablecoin” (think Tether) is pegged to a basket of fiat currencies and is not anonymous, making it unlikely to win over Bitcoin enthusiasts who value the coin’s decentralized mode of operation.
  Related Reading: Why There Remains a Case For a $4,200 Bitcoin (BTC) in 2020
  Similarities with Bitcoin and Libra
  Tuesday, November 10, the
  
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• MARKETS DAILY: How Bitcoin Diversification Is Helping Traditional Portfolios

  10-12-2019 17:58
  
  
  With the market set for another down day, we're talking new data on Bitcoin diversification for traditional portfolios, taking a look at shifting tactics in the mining hardware industry, traditional bonds issued, then redeemed on the Ethereum blockchain, and more...
  
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• Even 2019’s Best Performing Cryptocurrency is Getting Affected by the Bear Trend

  10-12-2019 17:28 via newsbtc.com
  
  Bloomberg called Binance Coin the best-performing cryptocurrency of 2019 but it nevertheless remains vulnerable to traders’ intrinsic greed.
  The native token of one of the world’s largest crypto exchanges, Binance, has surged by more than 146 percent as of this time of writing. The gains are far larger than what the benchmark cryptocurrency Bitcoin has delivered so far – a dwarfed 90 percent.
  Binance Coin has suffered more than 65 percent in losses since June 2019 | Source: Tra
  
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• Tencent’s WeBank to Provide Infrastructure for China’s National Blockchain Consortium

  10-12-2019 17:25
  
  WeBank has become the first technical infrastructure provider for Chin’s blockchain network.
  
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• Soccer Teams Like Juventus Look to Score With Blockchain Push

  10-12-2019 17:14 via cointelegraph.com
  
  Over the course of the last few years, teams like Juventus, PSG, AS Roma, Bayern Munich have made use of blockchain technology to interact and connect with their fans
  
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• Nic Carter on Quadriga, Libra and Other Suspect Projects

  10-12-2019 16:32
  
  VC Nic Carter discusses Quadriga, Libra, and why bitcoin mattered more than ever this year.
  
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• 2019 in Review: Nic Carter on Quadriga, Libra and Other Suspect Projects

  10-12-2019 16:32
  
  VC Nic Carter discusses Quadriga, Libra, and why bitcoin mattered more than ever this year.
  
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• Kraken Finds Way to Break Into Popular Hardware Crypto Wallet in 15 Minutes

  10-12-2019 16:23 via newsbtc.com
  
  A security research team at Kraken, a crypto exchange valued at $4 billion, has found a way to gain access to seeds from the widely-used KeepKey hardware wallet.
  To carry out the attack, the Kraken Security Labs team said that a specialized piece of hardware and knowledge is needed. With that, it takes less than 15 minutes to force access into the device to gain seeds of the crypto wallet.
  “This attack relies on voltage glitching to extract your encrypted seed, which can require specialize
  
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• As Bitcoin Price Fails to Break Crucial Resistance; Breakdown Sentiment Looms

  10-12-2019 15:55 via newsbtc.com
  
  The bitcoin price plunged on Tuesday after facing another strong rejection from a psychological resistance area.
  The leading cryptocurrency established a new intraday low near $7,274, down 5.11 percent from the local high of $7,552.92. The move downhill reasserted the $7,500-7,600 range as a crucial wall standing before bulls.
  The area has rejected bitcoin’s upside attempts on four occasions since Friday. With the selling pressure high, the price has no option but to either consolidate or
  
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• Report: Denmark’s Tax Agency Is Sending Tax Compliance Letters to Crypto Users

  10-12-2019 15:39 via cointelegraph.com
  
  Danish tax agency is asking crypto users to provide a full background of all their cryptocurrency transactions
  
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• ICC and Blockchain Firms Agree on $40B Funding for Climate Projects

  10-12-2019 15:21 via cointelegraph.com
  
  On the sidelines of COP 25, the ICC and blockchain firms Perlin and AirCarbon agreed to provide $40 billion in funding for climate projects
  
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• Ledger Live Adds Support for Tezos and Staking, Adds Features to Hardware Wallets

  10-12-2019 15:11 via cointelegraph.com
  
  Ledger Live adds support for XTZ and Tezos Staking, letting users securely grow their digital assets on a single platform
  
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• Danish Tax Agency Sends Warning Letters to Suspected Crypto Tax Evaders

  10-12-2019 15:00
  
  Denmark's tax authority, the Skattestyrelsen, has been sending letters to cryptocurrency users it suspects of tax avoidance, demanding a range of information about their trading activities.
  
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• Accounting Advisor and Crypto Startup to Jointly Launch Crypto Tax Tool

  10-12-2019 14:49 via cointelegraph.com
  
  Crypto accounting automation startup Lukka partnered with accounting advisor CPA.com to launch a crypto tax estimation tool
  
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• Why Matic’s Steep Plunge Should Serve as Warning Against Any Small Cryptocurrency

  10-12-2019 14:48 via newsbtc.com
  
  Matic, a cryptocurrency known to have an active and supportive community, plunged by more than 50% on the day and over 70% at the day’s lowest point. But, such a drop can occur to any minor crypto asset.
  According to global markets analyst Alex Krüger, large hands can adjust the selling volume of a cryptocurrency, causing it to demonstrate extreme volatility in a short time period.Crypto. The stuff of dreams and nightmares. $MATIC was up 180% in two weeks before crashing 70% in an hou
  
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• Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme

  10-12-2019 14:23 via cointelegraph.com
  
  Ugandan police have reportedly seized Samson Lwanga, a director of Dunamiscoins crypto scam which managed to get $2.7 million from the victims
  
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• Amun Gains Approval from Swedish Regulator to Offer Crypto ETPs in EU

  10-12-2019 14:03
  
  The company developed and manages multiple crypto-backed ETPs.
  
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• Santander Exec Claims Blockchain Success as Bank Redeems Ethereum-Issued Bond

  10-12-2019 13:30
  
  "This unequivocally proves that a debt security can be managed through its full lifecycle," said an exec.
  
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• Why There Remains a Case For a $4,200 Bitcoin (BTC) in 2020

  10-12-2019 13:00 via newsbtc.com
  
  Over the past few days, Bitcoin (BTC) has shown signs that the bottom is in.
  For instance, prominent trader Filb Filb noted in a recent newsletter that the cryptocurrency bounced off the “miner’s bottom,” the price at which the average cryptocurrency breaks even when mining BTC. This is notable as the crypto market bottomed when Bitcoin interacted with the miner’s bottom in December 2018. That’s not to mention that the price chart printed an area of so-called&n
  
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• State-Owned Chinese Bank to Finance Small Businesses With Blockchain Tech

  10-12-2019 13:00
  
  The China Construction Bank will help finance small businesses using a blockchain platform.
  
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• QuantHouse to Provide Crypto Trading Data via Its API

  10-12-2019 12:56
  
  QuantHouse clients will be allowed to access the market data from DVeX via the single QuantFEED API.
  
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• After Hard Fork, Ethereum Takes Second in China's Blockchain Rankings

  10-12-2019 12:24 via cointelegraph.com
  
  Ethereum holds the second spot in China’s blockchain rankings after its latest hard fork
  
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• Bitcoin Looks South After Strong Rejection Above $7,600

  10-12-2019 12:00
  
  Are bitcoin sellers back in control? The cryptocurrency is flashing red after a strong rejection above $7,600.
  
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• JPMorgan’s Blockchain Network to Launch in Japan in Early 2020: Report

  10-12-2019 11:55 via cointelegraph.com
  
  JPMorgan’s blockchain-based payment network, the Interbank Information Network, will reportedly launch in Japan in early 2020
  
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• IDEG, Coinbase Custody Launch Bitcoin Trusts in Apparent First for Asia

  10-12-2019 11:08 via cointelegraph.com
  
  Digital asset manager IDEG is launching what it claims are Asia’s first Bitcoin trusts
  
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• Saga Stablecoin Goes Live Backed By Basket of Fiat Currencies

  10-12-2019 11:00
  
  Saga Monetary Technologies has finally launched its SGA stablecoin, and it's already planning to break away from its pegged basket of currencies.
  
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