Ripple price formed a decent support near the $0.3100 level and moved higher against the US dollar. The price broke the $0.3150 resistance, but upsides remain capped near the $0.3200 level. There was a break above a key bearish trend line with resistance at $0.3145 on the hourly chart of the XRP/USD pair (data source
An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com. Also read: Crypto Enthusiasts Unite in 4 Indian Cities […]
ETH price gained traction and surpassed the key $138 resistance level against the US Dollar. The price formed a strong support near the $136 level before climbing above $138. This week’s major bearish trend line was breached with resistance near $138 on the hourly chart of ETH/USD (data feed via Kraken). The pair is now
How to get bitcoin without having to give up your personal information? The best way is probably good old fashioned work – earning it. Ways And Means We tend to like our Bitcoin decentralized, anonymous, and peer-to-peer. After all, wasn’t that sort of… the whole point? So why do most people acquire it through centralized, third-party exchanges who demand to know our identity? There is another way, of course. We can earn it. A new
Smart contract development and Ethereum auditing platform, ZK Labs has announced the launch of an Audits Initiative for non-ICO projects within the blockchain ecosystem. In a company update, Matthew Di Ferrante, founder of ZK Labs explained that the initiative will sponsor audits for...
ZK Labs offers support to non-ICO projects through community audit initiative
SIRIN LABS, the creator of FINNEY blockchain smartphone, announced today its most recent partnership with MyEtherWallet (MEW), the popular Ethereum wallet interface. The two companies will integrate their solutions in order to make crypto usage more accessible and user-friendly and encourage mainstream adoption....
FINNEY blockchain smartphone integrates MyEtherWallet
A Bitcoin Cash (BCH) supporter recently noted that the biggest hindrance to cryptocurrency adoption is tax laws and reporting taxes on digital currency usage. After reading the commentary, Bitcoin.com CEO Roger Ver shared a four-minute video about the subject of taxes in order to spark questions in the minds of people who might not understand […]
Cryptocurrency exchange Binance is partnering with real estate auctioneer James Pratt Auctions (JPA) to launch a live property auction using bitcoin and Binance Coin (BNB). On April 8, buyers can bid on – and buy – a futuristic-looking, luxury, beach-front mansion nicknamed ‘The Jetsons” in Casuarina, New South Wales, using BTC or BNB. The auction follows a partnership between Binance, JPA and NuYen Exchange. It also represents another step towards greater adoption of digital currencies. CEO of JPA and head auctioneer James Pratt said his company is excited to embrace cryptocurrency: This process gives the consumer another option to consider
CEO of JPMorgan Chase Jamie Dimon believes the U.S. economy systemically rolls over ethnic minority groups and economically disadvantaged people, making it difficult or impossible for them to gain economic footholds and compete fairly. Speaking with CNN Money, Dimon refused to say whether this makes the U.S. institutionally racist, but he revealed that JPMorgan is developing a series of initiatives to tackle the problems raised by systemic inequality. Dimon says a problem facing such groups is that the economy is structured to be “fundamentally anti-poor,” making it hard for people to develop the skills they need to work. To this
Payment platform Square is hiring cryptocurrency engineers and is offering to pay them in digital currency.
United States-based payment platform Square is hiring cryptocurrency engineers and is offering to pay them in digital currency, according to a tweet published by Twitter and Square CEO Jack Dorsey on March 20.
In the tweet, Dorsey announces that “Square is hiring 3–4 crypto engineers and one designer to work full-time on open source contributions to the Bitcoin/crypto ecosystem. Work from anywhere, report directly to me, and we can even pay you in Bitcoin!”
Dorsey further commented that the decision to pay employees in digital currency is based on the intention “to make the broader crypto ecosystem better,” thus contributing to the Bitcoin (BTC) community.
Dorsey also noted that this will be the first open source initiative independent from their business objectives as potentially hired engineers will entirely focus on “what’s best for the crypto community and individual economic empowerment, not on Square’s commercial interests.”
As previously reported, Square registered $166 million in annual Bitcoin revenue for 2018. The company achieved over $52 million in Bitcoin sales for Q4, surpassing Q3 by $9 million and Q2 by more than $15 million. However, clear profit from the Bitcoin operations, which involve Square’s consumer app Cash, remained low, as purchasing costs account for the vast majority of revenue.
Last month, Dorsey — a known Bitcoin advocate — again declared that he believes Bitcoin to be the Internet’s native currency:
“[Bitcoin] was something that was born on the internet, that was developed on the internet, that was tested on the internet…It is of the internet.”
Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to […]
Bitcoin has now firmly established its position in the low-$4,000 region, which was previously a strong resistance level for the crypto. Although this current stability is certainly positive for investors, BTC has, on multiple occasions, spiraled downwards after long bouts of involatile trading. One analyst is now pointing out that Bitcoin is approaching a historic
German automaker Volkswagen is facing a lawsuit filed over its actions toward investors during the so-called “Dieselgate” scandal. Filed by the Securities and Exchange Commission (SEC), the lawsuit alleges that the automaker allowed investors to buy $13 billion worth of company bonds despite being aware of a growing scandal involving illegal software used to manipulate emissions’ testing results. The “Dieselgate” scandal of September 2015 revealed that Volkswagen cheated emissions tests on its diesel cars by installing illegal software to give them lower pollution readings. Since then, it has snowballed into an expensive global fiasco, costing the company more than $30
QuadrigaCX’s legal council has formed a dedicated committee to help provide guidance in representing affected clients of the exchange.
A new committee appointed by law firms Miller Thomson and Cox & Palmer will provide guidance in representing affected clients of major Canadian cryptocurrency exchange QuadrigaCX. The development was announced in a court notice on March 19.
In the filing, Miller Thompson reveals that it has established the Official Committee of Affected Users of now-shuttered QuadrigaCX, comprising of seven users affected by the shutdown of the trading platform following the sudden death of its co-founder, Gerald Cotten, last December.
At the time, the exchange reported that it was not able to access its cold wallet holdings, as Cotten had purportedly been the sole person with access to wallets’ keys. With the allegedly inaccessible crypto accounting for the vast majority of the exchange’s assets, QuadrigaCX now owes over $198.4 million to an estimated 115,000 users.
The newly formed committee is set to help the law firms represent all affected users in the court proceedings against QuadrigaCX. The committee can reportedly “retain advisors, experts and consultants to provide advice to and to assist the Official Committee of Affected Users and Representative Council in the exercise of their duties in relation to the Purpose.”
The committee members have varying fields of expertise and include such industry players as Eric Bachour, a creditor of now-defunct cryptocurrency exchange Mt. Gox, and Magdalena Gronowska, who has advisory experience in economic policy development for the Government of Ontario.
Miller Thomson and Cox & Palmer were appointed as QuadrigaCX’s legal representatives in February by a decision rendered by the Supreme Court of Nova Scotia, Justice Michael Wood. The representative council was set to be responsible for “managing communications with users; acting as user liaison for the monitor [Ernst & Young]; advocating for user interests before the court; identify[ing] potential conflicting interest amongst users; and advocating for user privacy.”
As Cointelegraph reported yesterday, QuadrigaCX’s co-founder Michael Patryn was reportedly involved in multiple criminal activities in the past. Patryn and his partner, Lovie Horner, remain two of QuadrigaCX’s largest shareholders, although he has not had any involvement in the company’s operations since 2016 due to a fundamental disagreement with Cotten.
According to a report in Forbes, Rahm Emanuel, the Mayor of the City of Chicago, has stated that he sees crypto adoption as inevitable. He bases his outlook on the growing appeal of Bitcoin and other digital assets in an increasingly unstable geopolitical world. Emanuel posited that financial crises, like that currently being experienced in
North Korean political dissident group Cheollima Civil Defence is selling Ethereum-based visas valid for entering the country after its supposed liberation.
North Korean political dissident group Cheollima Civil Defence (CCD) is selling Ethereum-based (ETH) visas for entering the country once it is supposedly liberated.
The CCD’s website advertises a “Limited issuance of 200,000 anonymous blockchain visas to visit Free Joseon (previously North Korea) upon liberation” Free Joseon is seemingly a reference to the Joseon Kingdom, a five century long dynasty that was succeeded by the Korean Empire. The visas are emitted in the form of non-fungible ERC-721 tokens dubbed G-VISA on the Ethereum blockchain. The price, for the first one thousand visas, will be 1 ETH.
Per the announcement, the issuance will begin on Sunday, March 24 and all the visas will expire on March 1, 2029, and can only be used once for a stay of 45 days at most. One person can purchase unlimited visas and enter the country multiple times, while being subject to relevant customs and port of entry restrictions.
The website also explains that “each G-VISA is assigned an incrementing ID Number in the order it was purchased,” so no specific number can be requested or changed. CCD states that while ideally the visas could be used to visit a free North Korea:
“Ownership of one or more G-VISAs should be considered a contribution to the movement and should not be used for speculative or fiduciary purposes.”
While discouraging speculation, CCD also points out that G-VISAs may be available on ERC-721 marketplaces such as OpenSea, and recommends to look there for preferred issuance IDs. Notably, while the issuance of the visas will supposedly start on March 24, there are already 5 G-VISAs listed on OpenSea and the page dedicated to the token on Ethereum block explorer Etherscan reveals that already 7 of them exist.
The Bitcoin (BTC) address dedicated to donations has received over 14 BTC so far, ($56,000 at press time) while the Ethereum donation address only received one-hundredth of an ETH at press time.
Cable news network CNN attributed a recent attack on the North Korean embassy in Madrid, to CCD. Armed assailants reportedly restrained staff members before stealing a variety of items and fleeing the premises.
As Cointelegraph recently reported, North Korea has allegedly amassed $670 million in fiat and cryptocurrencies by conducting hacking attacks.
Omega One, a company creating an off-exchange venue in crypto assets and capital market infrastructure, today announced the official launch of Omega Dark, an institutionally-focused dark pool in the digital asset marketplace. Omega Dark is the first digital asset exchange to be granted...
Government of Bermuda grants Omega One first cryptocurrency exchange license
Tezos is on fire, moving up from 45 cents a week ago to a high of over 60 cents. The change in bitcoin’s price probably isn’t enough to do that by itself, and Tezos has been charting steadily in both markets in the same direction. Luke Martin, a trader and analyst, asked the question first: Why is everyone talking about Tezos? — Luke Martin (@VentureCoinist) March 20, 2019 Gains Not Based on Social Media Buzz Santiment, a bot that follows the frequency of crypto terms in social media, noted that Tezos hasn’t seen a spike today: 🤔Everyone?@tezos hasn't pop up
Switzerland’s Federal Assembly has approved proposals to instruct lawmakers on cryptocurrency regulation.
The legislative body of the Swiss government, the Federal Assembly, has approved a motion to instruct the Federal Council to adapt existing legislation for cryptocurrency regulation. Coitelegraph auf Deutsch reported on the development on March 20.
The motion introduced by Liberal assemblyman Giovanni Merlini intends to instruct the Federal Council to adapt existing provisions on procedural instruments of judicial and administrative authorities, so that they can also be applied to cryptocurrencies. The Council approved the motion introduced with 99 to 83 votes in favor and 10 abstensions.
The move aims to close perceived gaps in protecting cryptocurrency users from illicit activities like extortion and money laundering. The legislation is set to determine how to stifle cryptocurrency-associated risks, as well as whether entities operating crypto trading platforms should be equated with financial intermediaries, and thus be subject to financial market supervision.
Following the approval, Swiss finance minister Ueli Maurer reportedly stated that the proposed developments exceeded the scope of the planned regulation.
Last December, Maurer indicated that instead of a specific blockchain or cryptocurrency legal framework, Switzerland should tweak existing laws to allow for the new technology and its financial application.
Earlier in March, the Basel Committee on Banking Supervision (BCBS), a Swiss-based international banking authority, warned that the robust growth of the crypto industry could potentially “raise financial stability concerns and increase risks faced by banks.” The BCBS also argued that crypto assets are “unsafe to rely on” as a medium of exchange or store of value — two of the main functions of money — implying that “cryptocurrency” is a misnomer.
The THÉO Project announced today the release of Syná desktop, the latest addition to its cryptocurrency wallet library. Syná for desktop is an easy to use application available on Windows, Mac, and Linux. It incorporates the accessibility features available in the Syná Mobile...
THÉO Project launches Syná Desktop for fully integrated crypto wallet suite
Although it seems rather unlikely the top crypto markets will remain bearish for very long, the current momentum doesn’t instill too much confidence. Although some currencies are trying to turn the negative into a positive, the road ahead will be filled with roadblocks and hurdles. As long as the Dogecoin price remains in the red, there is a good chance no real price breakout will occur for Bitcoin or Ethereum. Dogecoin Price Momentum Remains Rather Bearish Although there isn’t anything to warrant the current bearish pressure across the top markets, there is also no reason to expect a sudden price