Ethereum (ETH) Signaling Bullish Continuation, Bitcoin Holding Support

Ethereum price is trading nicely above the $188 and $185 support levels against the US Dollar. Bitcoin price is showing positive signs and it is trading above the $8,400 support area. There is a major bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to continue higher and it could break the $195 and $198 resistance levels. Ethereum price is trading above key supports versus the US Dollar and bitcoin. ETH price must stay above $185 to…

Perth Mint, InfiGold Launch Gold-Backed Token on Public Blockchain

Australia’s largest precious metal refinery, the Perth Mint, and InfiGold, a fintech startup focused on precious metals digitization, have jointly launched a gold-backed digital token. The new ERC-20 token is dubbed Perth Mint Gold Token (PMGT) and pegged 1:1 with GoldPass certificates issued by the Perth Mint, according to a press release shared with Cointelegraph on Oct. 11. GoldPass lets investors purchase, sell and transfer physical gold through digital certificates, where each certificate is 100% backed by Perth Mint gold stored in its network of central bank grade vaults. The…

Decentralized Communication Startup New Vector Raises $8.5M

London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol. Slack rival Riot.IM The Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly raised funds, New Vector announced on Oct. 10. Investors of the New Vector’s Series A funding round included London-based European seed fund Firstminute Capital, cloud computing and Software as a service (SaaS)-focused Notion Capital and…

Cryptocurrency Wallets MyCrypto and Ambo Add Multiple New Features

Cryptocurrency wallet MyCrypto and its recent acquisition Ambo have both announced major updates of their software — with MyCrypto adding a multi-account management system. A major overhaul According to a news release shared with Cointelegraph on Oct. 10, MyCrypto’s software has seen a major overhaul with a new user interface and a new homepage, dashboard, screen lock, an updated address book and outgoing transaction procedure. The new features have only been included in the beta (early access) version of the wallet so far, and there is no timeline for when they will…

Bitfinex Doesn’t Have to Compile Documents During Appeal, Judge Says

A New York judge has rejected a New York Attorney General’s office request to have Bitfinex and Tether collect all documents pertaining to an alleged $850 million cover-up and $900 million line of credit. The NYAG’s office asked New York Supreme Court Justice Joel Cohen to order Bitfinex, Tether, and a number of other affiliated entities to compile all documentation about the loan earlier this month during an ongoing appeals process. Bitfinex opposed this request in another letter sent to the judge earlier this week. On Thursday, the judge ruled…

Hong Kong Free Press Fires BitPay Over Bitcoin Payment Delays

Hong Kong Free Press (HKFP) has fired BitPay, a US-based bitcoin payment processing service, over non-service. The independent media firm announced today that it is going to replace BitPay with its rival BTCPay, an open-source alternative to pay merchants online via bitcoin. HKFP projected BTCPay as better service, stating that it would allow donators to remain anonymous, a feature that was missing in a more-regulated BitPay. “Help us eliminate processing fees or make a fully anonymous contribution by donating Bitcoin,” wrote HKFP. HKFP has escaped the clutches of BitPay and – with…

OKEx Korea Reviewing Decision to Delist Privacy Coins Zcash and Dash

The South Korean arm of cryptocurrency exchange OKEX has halted, for now at least, the delisting of two privacy coins due to regulatory pressure from the Financial Action Task Force (FATF). According to a notice from the exchange on Thursday, the planned suspension of both zcash (ZEC) and dash (DASH) support has been put under review. OKEX first announced its intentions to delist five privacy coins – also including monero (XMR), horizen (ZEN) and super bitcoin (SBTC) – in September citing FATF’s controversial “travel rule” for crypto asset service providers,…

Liquidity Provider B2C2 Launches Gold Derivative Settled in Bitcoin

Crypto liquidity and OTC provider B2C2 has launched a gold derivatives product that synthetically trades against bitcoin in what the firm says is an important evolution in the safe-haven asset trading space. Launched in 2015 and receiving regulatory approval for crypto derivatives in the U.K. earlier this year, B2C2 offers bulk crypto purchases through its API service. With the firm’s new product, clients can physically settle synthetic trades with bitcoin, which correspond to physical gold stored in vaults. Synthetic positions combine various underlying assets to mimic the returns of another…

US Charges Singaporean Miner Who Stole $5M Worth of Cloud Computing Power

The United States prosecutors have officially indicted a man from Singapore for using stolen identities to illegally utilize Amazon Web Services’ cloud computing power for crypto mining. According to the indictment initially filed on Oct. 1, Ho Jun Jia was charged with eight counts of wire fraud, four counts of access device fraud and two counts of aggravated identity theft. Impersonating a game developer The document states that from October 2017 to February 2018 Ho Jun Jia — aka “Matthew Ho,” aka “Prefinity,” aka “Ethereum Vendor” — has stolen several…

Bitcoin (BTC) Shows Signs of Important Reversal, $8.8K Next?

Bitcoin price is up more than 5% and it broke the key $8,500 resistance against the US Dollar. The price is currently consolidating gains above the $8,500 and $8,400 support levels. There is a short term breakout pattern forming with support near $8,540 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is showing a lot of positive signs and it could continue to rise above $8,600 and $8,750. Bitcoin price is back in a positive zone above $8,500 against the US Dollar. BTC could…