Category: News

Blockchain news

Ledger And Neufund Create The Foundation For Security Tokens Management

The manufacturer of hardware cryptocurrency wallets Ledger and German crypto startup Neufund have joined forces in order to provide users with the ability to manage Security tokens through the Ledger application. As stated in a joint statement of the companies, Ledger Live is a specialized application for managing cryptocurrency assets. In test mode (and further), this application supports ERC-20 standard tokens. And with the help of the protocol suite from Neufund, application users will be able to manage Security tokens. For smooth operation, Neufund has partnered with the BitBay exchange to provide investors with the opportunity to buy and sell

Bitcoin news

SEC: Bitcoin-ETF Decision To Expect By February 27, 2019

An epopea, in which the Commission plays a leading role, continues. Submitted applications for Bitcoin-ETF launch by VanEck and SolidX will be reviewed at least until February 2019. The relevant statement was published on the SEC page. In accordance with law regulations, the Commission cannot extend the review duration of the above-mentioned applications, that is why February 2019 is a deadline for the Commission members. Eduardo Aleman pointed out in the release: “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient

Bitcoin news

Cryptocurrency Market Review, December 7: Bitcoin Hits The Bottom

Today, on Friday, December 7, Bitcoin and other major cryptocurrencies continued the drop, while Bitcoin SV gained momentum. Bitcoin confidently drops to the forecasted level of $3000. Over the past 24 hours, a major cryptocurrency lost 11% in value, dropped to $3 433,45. BTC Market cap decreased to $59 779 445 647B. XRP could not survive the sell-off pressure and lose 10.35% in value. The current XRP price is $0,3051. Ethereum hit its minimum of $100 and dropped to $87,35, by losing 15.48% over the 24 hours. Stellar plunged by 16% and stopped on $0,1149 level. Bitcoin SV demonstrated a

Bitcoin news

Paytomat Incorporates Lightning Network into its Services Thanks to Collaboration with Bitfury

Bitfury Group, one of the leading blockchain companies, has announced a partnership with the Paytomat payment processing system to introduce the Lightning Network payment protocol into the Paytomat services. The Bitfury development team, known as Lightning Peach, will be directly involved in the technical work. The result of their work should be the ability to make Bitcoin payments almost instantly. In fact, two main factors interfere with the widespread use of cryptocurrency: high volatility and the problem of scalability. Due to these problems, this year is characterized by a reduction in the use of Bitcoin for payments. Nevertheless, Pavel Prikhodko,

News

Australian Parliament Adopts Anti-Encryption Bill

Today, November 6, the Australian parliament passed a Telecommunications and Other Legislation Amendment (Assistance and Access) Bill, widely known as the “anti-encryption bill.” The bill has already managed to cause outrage from the public, in particular – representatives of the digital industry. According to the new document, Australian law enforcement agencies may require any high-tech companies to create a backdoor to decrypt any user messages. It is easy to predict that worldwide customer confidence in products of Australian developers, both companies and individuals (to which the new rules also apply), will decrease. Moreover, the presence of similar loopholes in software,

Bitcoin news

The Number Of Suspicious Crypto Transactions In Japan Increased By 800%

Japanese Bitcoin exchanges reported nearly six thousand suspicious cryptocurrency transactions between January and October 2018. According to the Jiji Press, citing the Office of the National Police (NPA), cryptocurrency exchange in Japan found 5,994 suspicious transactions from January to October of the current year. “It’s already been some time since the reporting system began, and it has been embraced by the industry through guidance from the Financial Services Agency,” an NPA official said of the reasons for the sudden increase. According to the NPA, suspicious activity in the reports includes reuse of the same face photo by multiple parties, which

News

80% Is “For”: The Vast Majority Of Huobi Users For Token “Burning”

Cryptocurrency exchange Huobi announced the results of a recent vote on its website. It concerned the further fate of the purchased tokens of the HT platform. 80% of users voted for the burning of Huobi Token. As stated in the text on the official page of the site, Huobi previously allocated 20% of its revenue for the quarterly purchase of HT on the open market with a view to their further distribution among holders of tokens. Now the exchange decided to revise this business model due to numerous requests from users and provided an opportunity for HT owners to decide

Bitcoin news

Crypto Scam In Singapore Gains Momentum

Ordinary people, who want to invest in cryptocurrencies, always become victims of crypto scammers. Over the last two months, a crypto scam in Singapore reached a new level. It is known according to the latest study. An advertisement of the cryptocurrency services, which use to offer to invest in Bitcoin, is the basic method for crypto scammers in Singapore. Only in the period from September to November, citizens of Singapore lost their funds in the amount of $78,000. The scam cases have become more frequent, that is why local authorities carefully investigate firms, which provide the above-mentioned services. The main

Blockchain news

Huobi Obtained A License On Gibraltar

Huobi continues to develop its activity in the cryptocurrency industry. This time, a company’s members announced that they obtained a license on Gibraltar, where applies British jurisdiction. On Dec 5, Huobi Global’s Head of Global Institutional Business Lester Li shared at a London conference his 2019 expansion plans in UK, Huobi Institutional account features and benefits, Huobi Group’s investment criteria, as well as HUSD, Huobi’s stablecoin solution.#HuobiGlobal pic.twitter.com/k2EQjmmSWs — Huobi Global (@HuobiGlobal) December 6, 2018 Due to this license, Huobi is aimed to expand its international platform, which was created for institutional investors and traders. The part of the release

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Scientists vs Pump&Dump: will Machine Learning Help Combat Fraud?

Pump & dump is an old fraudulent scheme, originally used for making profits through the manipulation of the price of securities, has successfully taken root in the crypto-industry. Jiahua Xu and Benjamin Livshits from Imperial College London studied the features of pump&dump in digital asset markets and used machine learning to recognize fraud beforehand. After the rollercoaster of Bitcoin in 2017, the number of projects wishing to repeat the success of the first cryptocurrency has now exceeded one thousand. Most, in the end, turned out to be useless and their tare and volume of trading asymptotically tend to zero. Nevertheless,

Blockchain news

SBI Holdings To Revitalize Blockchain In Asia

It seems like a blockchain technology has a good reputation in the Asia market, however, not all industries had a chance to test the super technology. That is why SBI Holdings in joint cooperation with R3 decided to solve this issue. According to the resource, Japanese company SBI, which is extensively working in the cryptocurrency and blockchain sphere, will fund R3 as a part of the promotion. “Europe is the most advanced in blockchain product development. The new joint venture will strengthen the Japanese language service, and promote adoption”, – said R3 CEO David Rutter. Company’s members also stated that

Blockchain news

Powerful Than The Internet: More than 37% Of Large German Business “For” Blockchain

German business continues to be interested in blockchain technology. A recent market study showed that more than 37% of big business representatives showed interest in the blockchain and consider this technology to be more promising than online promotion. According to the report of the German edition of Bitkom, in general, 15% of German companies believe that the blockchain “will change society and the economy in the same way as the Internet.” “In addition to artificial intelligence (AI) and the Internet of Things (IoT) market, blockchain technology is one of the three current areas of development with“ enormous potential ”, the survey

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