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Showing posts from January 30, 2018

Following Massive Cryptocurrency Hack, Coincheck Pledges to Improve Operations, Refund Losses

Following one of the largest hacks in the history of cryptocurrency, Japanese cryptocurrency exchange Coincheck has announced that it will comply with an order from Japans Financial Services Agency to improve its business operations.On Friday, January 26, 2018, Coincheck was hacked, resulting in the loss over over $530 million USD worth of NEM XEM tokens. A full transcript of the announcement from Coincheck executives can be found here. The core of the problem was that Coincheck was keeping t

Hong KongBased Investment Firm Acquires Pioneering Bitcoin Exchange BTCC

BTCC is exiting the Chinese market to focus on making digital currencies accessible to everyone globally. This acquisition by a Hong Kongbased blockchain investment fund is a milestone for BTCC and will allow BTCC to focus on global digital currency adoption.BTCC, located in China and founded in 2011, was the worlds oldest bitcoin exchange until it closed in September 2017 under pressure from the Chinese government. It changed business focus to its international pool, wallet and exchange mark

World Economic Forum Bitcoin Discussions Validate the Movement

The World Economic Forum WEF has long been a lightning rod of global discussion on economic, social and political trends. This years gathering in Davos, Switzerland, was no exception.Blockchain technology emerged center stage last week as a key discussion theme, receiving praise from attendees for its cutting-edge potential. Bitcoin and the future of cryptocurrencies, too, were highly discussed topics at the forum, not just casually but also in an official session and a few panel discussions.

Bitcoin Price Analysis Possible Bear Pennant Suggests End to Market Consolidation

Looking back at bitcoins parabolic curve, we can see notable lines of support and resistance throughout its market cycle. Two highly reliable sources of support and resistance are the set of 50/200 EMAs and the Fibonacci Retracement set from the beginning of the bull market to the top of our current all-time highFigure 1 BTC-USD, 1-Day Candles, Macro TrendOver the last couple days, bitcoin has attempted to break the overhead resistance surrounding the 38 retracement values and the 50 EMA on t

Cryptocurrency-Friendly Regulations in Belarus Could Attract Foreign Capital and ICOs

At the end of 2017, Belarus President Alexander Lukashenko signed aDigital Economy Development Ordinance, aimed at developing the countrys IT sector and attracting blockchain technology companies, capital and talent from all over the world.Belarus becomes the first state in the world which opens up broad opportunities for the use of the blockchain technology, said Lukashenko. We have all opportunities to become a regional center of competence in this field.According to the Belarus News Agency

Hyperledger Releases Sawtooth 1.0

Hyperledger is a collaborative cross-industry effort to advance blockchain technology that is hosted by The Linux Foundation. Today, January 30, 2018, sees the release of Sawtooth 1.0, the second active Hyperledger project to reach 1.0, following Hyperledger Fabric 1.0 in July 2017.Sawtooth is a modular platform for building, deploying and running distributed ledgers using a new consensus algorithm, Proof of Elapsed Time PoET, which targets large distributed validator populations with minimal

Blockchains, LLC Acquiring Over 60,000 Acres In Nevada To Showcase Blockchain Applications: Yes Ethereum, No Mining

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via ETHNews https://www.ethnews.com/blockchains-llc-acquiring-over-60000-acres-in-nevada-to-showcase-blockchain-applications-yes-ethereum-no-mining

Different Approaches To Cryptocurrency From Thai And Vietnamese Officials

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via ETHNews https://www.ethnews.com/different-approaches-to-cryptocurrency-from-thai-and-vietnamese-officials

Facebook Bans Advertisements For Cryptocurrencies, ICOs

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via ETHNews https://www.ethnews.com/facebook-bans-advertisements-for-cryptocurrencies-token-offerings

Bank Indonesia Plans State-Issued Cryptocurrency Trial

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via ETHNews https://www.ethnews.com/bank-indonesia-plans-state-issued-cryptocurrency-trial

Tether Reportedly Subpoenaed by CFTC

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via ETHNews https://www.ethnews.com/tether-reportedly-subpoenaed-by-cftc

UN Women Explores Blockchain Solutions

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via ETHNews https://www.ethnews.com/un-women-explores-blockchain-solutions-to-inequality