Unveils Platform for Minting Enterprise

It goes without saying that the blockchain industry has come a long way over the last decade, and it is no wonder that an idea like that of blockchain tokens is finally taking concrete shape. In a new development that is going to cause waves in the crypto sphere, tech behemoth Microsoft announced that it is going to create a platform that is going to help create crypto tokens with ease. Microsoft has stated that creating crypto tokens is going to be made far easier through this platform, and it…

Chinese are Not Coming to Bag Bitcoin: Analyst

The bitcoin price climbed by more than 40 percent after China’s President Xi Jinping endorsed blockchain technology in his speech on October 25. Global outlets were quick to correlate the two events, stating that investors [probably] increased their holdings in bitcoin, hoping that the Chinese people would also do the same by taking cues from Jinping’s blockchain support. But, according to market analyst Alex Krüger, the benchmark cryptocurrency will have a difficult time attracting the Chinese population. The economist on Sunday noted that bitcoin corrected by as much as 14…

Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

A New York court has ordered defendants to pay $4.25 million in penalties for investment fraud involving the cryptocurrency ATM Coin. Case first brought by the CFTC in April 2018 On Nov. 1, the United States Commodity Futures Trading Commission (CFTC) announced that the U.S. District Court for the Eastern District of New York has entered an order against several entities for committing fraud and misappropriating client funds. The defendants include Blake Harrison Kantor and Nathan Mullins as well as four related corporate entities: United Kingdom-based Blue Bit Banc, Turks…

BitMEX Says Quality Check ‘Failure’ Led to Email Privacy Breach

BitMEX says its internal processes “failed” last week, subsequently exposing thousands of the exchange’s clients to privacy risks. In a company blog posting on Monday, the crypto-derivatives exchange said its mass emailing operation failed causing “most BitMEX users” to have their email addresses publicly exposed via carbon copy (CC) on Nov. 1. Data provider Skew says BitMEX has some 22,000 daily users, though the number of email addresses exposed is likely significantly higher. With major email servers imposing restrictions on bulk emailing, the firm said: “To remedy this, we built…

Bitcoin (BTC) Price Stable Above $9K But Can It Climb Again?

Bitcoin price is struggling to climb higher above the $9,300 and $9,400 resistances against the US Dollar. The price is trading in a range above the key $9,000 and $8.960 support levels. There was a break below a connecting bullish trend line with support near $9,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). Both Ethereum and ripple are also trading in a range above $178 and $0.2850 respectively. Bitcoin price is trading nicely above the $9,000 support against the US Dollar. Having said that, BTC…