Day: February 26, 2019

Ethereum Price Analysis: ETH Targets Fresh Weekly Lows Below $130

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ETH price failed to move above the $140 and $142 resistance levels against the US Dollar. The price broke the $136 support and it seems like it could continue to move down in the near term. Yesterday’s highlighted key breakout pattern was breached with support at $136 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains in a bearish zone and it could trade below the $131 and $130 levels. Ethereum price failed to recover above key levels against the US Dollar and bitcoin. ETH/USD is…

Samsung Galaxy S10 Supports COSMEE and Other Crypto Projects

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It says a lot for cryptocurrency everywhere that one of the biggest phone brands in the world has added support for digital assets in its latest release. Samsung’s new Galaxy S10 series has done just that, with a built-in wallet function for Bitcoin, Ethereum, and two other altcoins. Samsung Galaxy S10 Supports Crypto A Samsung official unveiled the phone’s new features at the Mobile World Congress in Barcelona, Spain yesterday. The phone has been created with “various crypto and blockchain related projects” as standard on the device. It presented COSMEE, a…

Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy

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Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company. Business Korea reported on Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claimed that the move was “due to a rise in debt following an employee’s embezzlement.” After the exchange Youbit was hacked to the tune of several million dollars last year, Coinbin acquired it, and now Coinbin’s CEO claims that Youbit’s former CEO…

Decentralized Payment Processor BTCPay Adds New Invoicing Options

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Decentralized payment processing service BTCPay Server announced a new service available through their platform on February 22, 2019: a way to request payments by simply sharing a URL, thereby streamlining many of the model’s existing hangups. BTCPay Server has been in the space since late 2017, serving as a decentralized payment processor that allows peer-to-peer transactions without any fees or third-party wallets. Using the updated functionality of Payment Requests, users will be able to generate URLs that allow people to request payments and produce documentation of the transactions, eliminating many…

QuadrigaCX Director Asks Court to Appoint Restructuring Officer

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Jennifer Robertson — the current director and widow of the founder of now-shuttered Canadian crypto exchange QuadrigaCX — has asked a Canadian court to appoint a chief restructuring officer (CRO) to handle proceedings in the aftermath of the exchange’s controversial closure. In an affidavit filed with the Supreme Court of Nova Scotia on Feb. 25, Robertson further requested that the court grant a stay of proceedings extension of the current period of creditor protection. As previously reported, Robertson’s spouse, 30-year-old Gerald Cotten, died in December 2018. At that time, the…

Samsung Announces Galaxy S10 Crypto Partners, Bitcoin and Ethereum Support

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The new Galaxy S10 series smartphones by South Korean tech giant Samsung will apparently have wallet functions for Ethereum (ETH), Bitcoin (BTC) and two other tokens. A Samsung official spoke about the phone’s new features at the Mobile World Congress in Barcelona, Spain on Feb. 25. In its presentation, Samsung revealed various crypto and blockchain related projects featured on the smartphone, including support for Bitcoin, Ethereum, COSMEE token (COSM) and Enjin’s token (ENJ). COSMEE is a blockchain-enabled mobile beauty decentralized app (DApp) where users can earn and spend COSM tokens.…

Russian Supreme Court Classifies Illicit Crypto Use Under Money Laundering Laws

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The Russian Supreme Court has included the illicit use of cryptocurrencies in the list of criminal offences related to money laundering, local legal news site Pravo reported on Tuesday, Feb. 26. The court has introduced new amendments to the anti-money laundering (AML) decree issued in July 2015. These clarifications relate to Russian criminal code articles dedicated to the legalization of property acquired via criminal means. According to Alexander Chervotkin, a judge who commented on the regulations, in the three years since the decree was signed, cryptocurrencies have became widely used…

Token Sale on Binance Launchpad Raises $6 Million Within ‘22 Seconds’

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The Fetch.AI (FET) token sale on top crypto exchange Binance’s Launchpad platform closed yesterday, Feb. 25, reaching its hard cap of $6 million dollars with the sale of over 69 million tokens. In a tweet published the same day, Binance CEO Changpeng Zhao — known in the industry as CZ — reported the sale had been completed within a dizzying 22 seconds. Fetch.AI describes itself as a project that aims to create an “economic internet” by conjoining machine learning, artificial intelligence, multi-agent systems, intelligent smart contracts and distributed ledger technology.…

48% of Execs Expect Blockchain to Change Their Business in Three Years

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A survey by Big Four audit company KPMG shows that 48 percent of C-level executives believe blockchain is likely to change the way they do business in the next three years. The results of the poll were shared with Cointelegraph on Feb. 26. KPMG has conducted its Technology Industry Innovation Survey for the seventh time from December 2018 to January 2019. It includes responses from over 740 global tech entrepreneurs from 12 countries. 66 percent of the respondents were C-level executives. According to the poll, almost half of the executives…

Bitcoin (BTC) Price Under Pressure But Fundamentals Are Very Bullish

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Bitcoin prices under pressure Adoption on the rise as Venezuela is the poster country for crypto Transaction volumes drop days after Feb 24 drawdown In an uptrend, Bitcoin (BTC) is under immense pressure thanks in part to sell-off of Feb 24. Moving on, we expect bulls to reject lower lows as price action snap to trend and edge above $4,500 as our previous BTC/USD trade plans are validated. Bitcoin Price Analysis Fundamentals Good news is Bitcoin (BTC) learning and adoption curve over the past few years has been near perpendicular.…