Day: March 26, 2019

Bitcoin Futures Kingpin Reveals Why Regulators Hate Crypto

TradingBTC

Bitcoin might have taken the financial world by surprise. But regulatory squeamishness ensures that it is still far away from gaining mainstream adoption on Wall Street, according to Terry Duffy. CME’s Terry Duffy: Regulators Detest Bitcoin’s Finite Supply The CME Group chairman and CEO told Business Insider that the biggest thing that is keeping governments away from bitcoin is its finite supply. The cryptocurrency’s supply cap does not fit well with modern economic theories, which allow governments to print money at will. With bitcoin providing no such control, Duffy said…

Samourai Wallet Adds Tor Integration in Privacy Push

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Samourai Wallet announced this month that its latest update supports Tor integration, offering additional privacy for users. What Does Tor Integration Enable? In a conversation with Bitcoin Magazine, Samourai’s lead developer, who is known simply as “TD,” gave a rundown of the Tor integration. He explained that using the Tor integration before creating a new wallet can shield a user’s identity beyond the fact that they are not required to provide any personal information. With Tor, Samourai’s servers will not be able to see a user’s IP address when they…

Singapore’s DragonEx Reports Hack, Releases Suspected Wallet Addresses

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The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users. Per the message from the admin, the attack occurred on March 24, 2019, and the exchange then decided to take its servers offline under the pretense of “system maintenance/upgrade.” A day after, users were notified on Telegram that the exchange had been hacked. “Part of the assets were retrieved back, and we…

Southeast Asia’s Perfect Payments Storm

Anthony B

Southeast Asia has a well-deserved reputation as a cradle of payments innovation today. At a recent Ripple Regional event in Bangkok, Kapronasia’s Zennon Kapron provided a crisp overview of the factors driving this rapid evolution. He pointed to the shift to digital payments, the rise of real-time infrastructure, the emergence of payments-as-a-platform and an impending cross-border challenge to credit or debit cards. To watch the full session, please visit us at Ripple’s YouTube channel.  Massive Shift to Digital According to Kapron, the growing importance of digital for both online and…

Will Ripple (XRP) Bulls of Jan 30 Flow Back and Prop Dropping Prices?

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Ripple prices down 5.2 percent TaoTao exchange launching in mid-May and supports Ripple (XRP) Transaction volumes low but as prices retest main support, participation may spike After pressure from the community, CMC is listening to feedback and may adjust their methodology so that investors can have a fuller image of asset prices. At the same time, Yahoo backed TaoTao exchange will launch in mid-may and Ripple (XRP)-whose prices are down 5.2 percent, is available for trading. Ripple Price Analysis Fundamentals Four months after a disastrous exposure that saw Coincheck lose…

Another Hack Coincides with Ethereum (ETH) Price Drop, Back to $100?

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Ethereum prices bearish and likely to sink below $135 Hackers wreak havoc at Dragon EX, steal user funds Transaction volumes low but could surge as bears retest key support levels Another exchange, Dragon EX, has been breached and user fund stolen demonstrating why it is imperative for assets to be stored at cold wallets away from exchanges. Meanwhile, Ethereum (ETH) is bearish and dropping towards $135. Ethereum Price Analysis Fundamentals Unfortunately, Dragon EX, an established Singaporean cryptocurrency exchange, is the latest hack victim after an undisclosed amount of ETH was…

VeriBlock’s Bitcoin-Backed Security Protocol Goes Live

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After a year on its testnet, the VeriBlock blockchain went live yesterday on the Bitcoin mainnet, allowing exchanges, wallet providers, merchants and other crypto businesses to leverage Bitcoin’s robust blockchain security. Now that it’s live on the mainnet, VeriBlock’s model extends the Bitcoin blockchain’s security protection from 51-percent attacks to non-Bitcoin blockchains by linking them to the Bitcoin blockchain, offering it as a security backstop. How Does VeriBlock Work? VeriBlock allows any blockchain to inherit the full proof-of-work security of Bitcoin using a novel consensus protocol — proof of proof…

Bitcoin (BTC) Prices Down but Low Volumes above $3,800 Mean Bulls

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Bitcoin prices crumbling, $3,800 likely Adoption slowed down. Twitch no longer supports Bitcoin and crypto as payment Participation level shrinks in response to low prices, volume averages 6.6k By removing crypto support, Bitcoin adoption is taking a hit and partly fueling the current price meltdown. At this rate, it is likely that Bitcoin will retest $3,800, but that is dependent on participation levels. Bitcoin Price Analysis Fundamentals Twitch, streaming service owned by Amazon has silently removed Bitcoin as subscription payment options for their global audience. By 2018, the company had…

E-Commerce Giant Rakuten Wins License for New Crypto Exchange

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Japan’s top financial watchdog has granted a license to a cryptocurrency exchange being relaunched by e-commerce giant Rakuten. The country’s Financial Service Agency (FSA) announced the news Monday, stating that the new exchange, Rakuten Wallet, is now registered with the Kanto Local Financial Bureau as a virtual currency exchange service provider under the country’s Payment Service Act. Rakuten also confirmed the news in a separate statement. Rakuten Wallet is a wholly-owned subsidiary of Rakuten and replaces an exchange called Everybody’s Bitcoin Inc. that it acquired for $2.4 million last August. The…

Disgraced Ex-Enron CEO Plans Blockchain Comeback after 14-Yr Jail Term

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A little over a month after being released from prison for his involvement in one of the grandest corporate scandals in history, Jeffrey Skilling, the former chief executive of collapsed U.S. energy giant Enron is reportedly eyeing the blockchain sector, according to the Wall Street Journal report. The report adds that Skilling has met with ex-Enron executives as well as software developers and blockchain and cryptocurrency specialists. Per sources, the early-stage project is basically a digital platform which will connect investors to energy projects. One of the former Enron executives…

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