Coins & Blockchain News

To follow your gut and hodl through the storm, or to yield to the market and sell before a possible continued bear market? This is the question many crypto investors have been grappling with in the wake of a $25 billion wipeout in the market. Bitcoin lost close to $1,000 in a few tumultuous hours earlier today as most cryptos saw red. And while it’s slowly recovering, the progress is slow and not yet convincing. Altcoins haven’t fared any better, leaving many investors at a loss of what to do. So, to hodl or sell… Is It Time To Sell Or Will The Market Turn Around? To determine whether one should hodl or sell, it’s imperative to first determine the cause of the dip in the market. Some have attributed it to the upcoming Bitcoin Cash hard fork which is only…

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Ahead of Bitcoin Cash’s (BCH) impending fork on November 15, 2018, miners maintaining the network may be taking two different paths for the protocol if data from Coin Dance is considered. Competition in Decentralization The two teams, Bitcoin ABC and Bitcoin SV, led by Bitcoin Cash proponent Roger Ver and CoinGeek CEO Calvin Ayre respectively, are engaged in a fierce…Read More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Bitcoin cash’s ongoing war of words is set to reach a conclusion tomorrow. That’s when a planned technical update (and an ongoing disagreement over the proposed code changes) may lead two major bitcoin cash implementations – Bitcoin ABC and Bitcoin SV – to split into separate blockchains. In the days prior to the activation, rising contention from both camps has culminated in what has been termed as “hash war,” as mining pools ramp up their computing power to show support for the various implementations. But rather than a future in which the two versions of bitcoin cash live in harmony, there’s a degree of concern that, under a scenario in which two distinct blockchains emerge, that same mining power could be wielded as a weapon against one of the networks. “An SV miner can even legally kill off a chain. That is…

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The past 24 hours have been rollercoaster of sorts for the crypto market, with the price of the world’s premier digital currency, Bitcoin, dropping by more than 10% late Wednesday afternoon. As a consequence of this, BTC was seen stooping to its 2017 low of $5,312 before gradually recovering (a little) and settling around the 5,742 mark (at press time). It is also worth noting that this fresh plunge comes right after it seemed as though Bitcoin had finally found some long-term market stability, with the digital asset even experiencing its lowest levels of monetary flux in nearly 16 months. After touching a mammoth price point of $20,000 late last year, many experts had predicted that Bitcoin would rise to over $50,000 by the end of 2018. However, as things stand, it appears as though matters are only going to…

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The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax Month November Is Prime Time for Fraudsters Around one million Australians are due to pay their taxes to the ATO on Nov. 21. In a statement on Wednesday, ATO assistant commissioner Kath Anderson said fraudsters are growing increasingly sophisticated. They hope to exploit vulnerable people, often using aggressive tactics to swindle people out of their money or personal information, she lamented. “November is a prime time for scammers as they know lots of people have tax bills to pay. Be wary if someone contacts you demanding…

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  Upgrade to the AI featured cryptocurrency trading platform for future   Like physical trading, digital currency trading also involves different trading options. In physical trading a house/apartment or residents, should you wish to sell or buy from other third-party persons, you are involved in bargaining with the net price.  Similarly Cryptocurrency trading business is also performing trading options.  It’s not simply buying and selling cryptocurrencies but also using trading options like (Market order, stop order, Limit order)     The order matching algorithm is mainly designed for the easy user experience. There are four types such as market order, limit order, stop order and stop limit order.   Market order: The market order allows users to trade or exchange the bitcoin at the current market price. It is one of the easiest ways to trade the asset but acquires some extra…

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Google has become the latest victim of the rampant bitcoin “giveaway” scams proliferating on Twitter. For a little over ten minutes on Tusesday, the Twitter account of the online search giant’s suite of productivity apps and tools, G Suite, was hacked and used to promote a fraudulent bitcoin giveaway. Initially reported by Hard Fork, the The post Another One Bites the Dust: Google Account Hacked in Twitter Bitcoin Scam appeared first on CCN The post Another One Bites the Dust: Google Account Hacked in Twitter Bitcoin Scam appeared first on Your Daily Satoshi.

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All eyes are on the bitcoin cash (BCH) blockchain ahead of a scheduled technical upgrade tomorrow.  While it’s a process that the world’s fourth-largest blockchain by market capitalization undergoes every six months, at which point it asks all users operating the software to upgrade to a newer version, there’s a twist this time around. Specifically, a deep contention over the cryptocurrency’s technical direction finds itself embroiled in. While previous forks have been supported en masse by bitcoin cash developers and miners, there are now marked differences of opinion between supporters of two main versions of the software – Bitcoin ABC and Bitcoin SV – over the future the direction of the code’s specific features (Bitcoin SV, most notably, would continue boosting the software’s block size).  This is significant for those who own or trade BCH because, if neither side has majority…

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SEBA Crypto AG – a cryptocurrency startup based in Zug, Switzerland – is allegedly on the verge of obtaining a banking and securities dealer license sometime during the second quarter of 2019. What Can You Do with That? The license will be granted by FINMA, Switzerland’s financial market regulator. Should SEBA obtain the approval it needs, the firm will be able to conduct cryptocurrency trades and investments for both quality investors and established banking ventures. The industry will thus be further legitimized thanks to a stronger institutional presence. In addition, the company is also looking to offer custodial services to its clients. CEO Guido Buhler explains: As a general rule, crypto assets, just like investments in stocks and bonds, must be vested with our custodian bank function to the regulator. What Makes Switzerland So Important? As a side project, the…

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Hilda Heine, the President of the Marshall Islands, recently survived her vote of no confidence. According to an article from Nikkei Asian Review’s published on November 13, 2018, Heine is pushing ahead with the plan to introduce Sovereign, the state-backed cryptocurrency for the Marshall Islands. Heine Survives the Vote of No Confidence BTCManager reported last week that Heine received a…Read More. The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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A recent survey of Moscow residents found that five percent of Moscow residents who use cashless payment methods are open to using cryptocurrencies

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Officially, Wednesday, Nov. 14 will go down as the worst trading day of the year, as BTC sunk to record lows. Unofficially, there were still green shoots to be found if you knew where to look — mostly to the stablecoin sector. These dollar-pegged assets, normally so resistant to volatility, have been trading at a premium as investors seek sanctuary from the storm. Also read: Preparing for the Looming Bitcoin Cash Fork Nov. 14: Bad Day for Cryptocurrency – Good Day for Stablecoins? On a day when the the market turns red, any crypto-asset that can produce a profit is generally hailed. But when that asset is a stablecoin whose primary directive is to hold fast, it’s hard to know what to make of things. As the price of BTC reached its lowest point since Oct. 24, 2017 — bringing the…

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Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $30 million using Ethereum (ETH) to build a cryptocurrency exchange. On November 13, as CCN reported, Pure Bit and The post Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims appeared first on CCN The post Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims appeared first on Your Daily Satoshi.

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A security researcher has found four fake crypto wallets on the Google Play Store, purportedly designed to phish users’ mobile banking credentials and credit card information

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  Cryptocurrency markets took an abrupt downturn on 14 November, with prices of leading cryptocurrencies Bitcoin and Ethereum down by over 10% and 12%, respectively, over the past 24 hours.  Looking at the top ten cryptocurrencies by market cap, all show a similar performance.  The crypto market is no stranger to volatility.  When Bitcoin follows the bear or bull, so does the rest of the market… as was seen during the Crypto Gold Rush of 2017, Bitcoin’s meteoric rise took the altcoin market along for the ride.     Source: Coinlib   FacebookTwitterSubscribe   Bitcoin’s growth over the past 7 years shows enormous growth despite the setback from the high of December 2017 experienced in 2018, a fact we cannot ignore.  The fundamentals are changing as more governments, institutional investors and regulators get involved in the cryptocurrency and blockchain markets….

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A Malaysian MP has urged the government to create appropriate regulations for digital currencies before approving the political Harapan Coin cryptocurrency project

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A blockchain-based art investment platform has teamed up with John McAfee to tokenize a piece of fine art by Picasso. Putting Art on the Blockchain The investment platform in question is Maecenas. According to a blog post, it is teaming up with McAfee and crypto exchange Ethershift.co to bring artwork from Picasso to the blockchain. It will be done under a project named Project Phoenix, with the aim of making the “painting perpetually inaccessible.” This is not the first time Maecenas has tokenized fine art. In April of this year, the firm made headlines when it tokenized an Andy Warhol painting. By doing so, it made history by being the first, raising $1.7 million in the auction process. At the time, Marcelo García Casil, the CEO of Maecenas, said: This is a historical moment, for us and for the blockchain community. We have achieved a…

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A blockchain-based art investment platform has teamed up with John McAfee to tokenize a piece of fine art by Picasso. Putting Art on the Blockchain The investment platform in question is Maecenas. According to a blog post, it is teaming up with McAfee and crypto exchange Ethershift.co to bring artwork from Picasso to the blockchain. It will be done under a project named Project Phoenix, with the aim of making the “painting perpetually inaccessible.” This is not the first time Maecenas has tokenized fine art. In April of this year, the firm made headlines when it tokenized an Andy Warhol painting. By doing so, it made history by being the first, raising $1.7 million in the auction process. At the time, Marcelo García Casil, the CEO of Maecenas, said: This is a historical moment, for us and for the blockchain community. We have achieved a…

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Last week, cryptocurrency mining company Bitfarms filed a preliminary prospectus with the Ontario Securities Commission (OSC) in a bid to offer public shares on one of Canada’s most prominent bourses, reported Calcalistech on November 12, 2018. Shifting to Booming Canada Bitfarms CEO Wes Fulford noted Canada has “one of the most active public markets” in the burgeoning blockchain sector, with…Read More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Experts from Russia will provide support for the development of Iran’s crypto-economy. The cooperation is part of an agreement reached by representatives of leading industry organizations from the two countries, both subjected to western sanctions.   Also read: Vietnam at Crossroads on Cryptocurrency Regulations Crypto Associations Sign Cooperation Agreement The document has been signed by the Russian Association of Cryptoindustry and Blockchain (RACIB) and Iran Blockchain Labs (IBL), an innovation hub tasked with the implementation of digital technologies in the economy of the Islamic Republic. The research and advisory center has been established by the Sharif University of Technology and with the participation of the Central Bank of Iran. According to RACIB’s President, Yuri Pripachkin, Iran can take advantage of the expertise of Russian blockchain developers. The situation around the U.S. sanctions there is much more complicated than in Russia,…

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The first major contentious Bitcoin hard fork, Bitcoin Cash, which took place just over a year ago, had a massive positive impact on the global market capitalization of cryptocurrency. Bitcoin Cash is now undergoing a contentious fork of its own, but market reception has been far different. Everything is tanking with the fork event just hours away. The days leading up to the Bitcoin Cash fork in 2017 sparked a frenzy for Bitcoin, with speculators looking to cash in on a two-for-one deal on their coin purchases. At the start of November, a similar pattern was forming for BCH. The coin saw impressive gains of almost 50% throughout the first week of November. However, today, just hours before the November 15 fork snapshot (approximately 9:00am PST), these gains have been erased alongside massive losses throughout the market as a whole. From lows…

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This Pacific Island may get its national cryptocurrency after all. Marshall Islands President Hilda Heine has eked out a no-confidence vote that threatened not only to derail her presidency but also the fate of the Sovereign (SOV), a national cryptocurrency spearheaded by her administration. According to the Nikkei Asian Review, President Heine blamed a “referendum about The post Marshall Islands President Survives Crypto-Infused No-Confidence Vote appeared first on CCN The post Marshall Islands President Survives Crypto-Infused No-Confidence Vote appeared first on Your Daily Satoshi.

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The New York State Department of Financial Services has granted a BitLicense to a subsidiary of the New York Digital Investment Group

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By now, most of you know that Bitcoin is trading at its lowest price since October last year. The sharp decline was sudden and brought the whole market down with it, some cryptos more than others. However, different people received the information differently. Some were confident that this was just a stumble on the path to adoption, to others it signified the beginning of an intense bull run. To the skeptics, this is all they needed to stamp their long-held belief that cryptos are a scam. A Pending Bull Run Or An Apocalypse? With Bitcoin shedding $700 today, it came as no surprise that one of the first people to take to social media about it was Nouriel Roubini. Dr. Doom, as he is popularly known, is a well-known figure in the crypto industry, being one of the fiercest critics…

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