Gold Demand Rising: Investors Turn to Precious Metal as Safe Haven Asset
Recent global economic concerns and stock market volatility seem to have increased demand for gold as a safe haven asset. The price of the precious metal hit its highest level since June in the yesterday’s trading session. Investors are turning to the historical store of value in rising numbers to protect their wealth amid geopolitical […]
Kik Begins Rollout of Crypto Ecosystem with Kin Tipping Feature
The Kin Foundation has begun rolling out its plans to build a cryptocurrency ecosystem to power its messenger platform, starting with a new tipping feature. Kik, the popular messenger app for iPhone and Android, revealed today a new tipping feature that uses the company’s native Kin cryptocurrency token, reports The Next Web. The feature will […]
Hackers Ramp up Attacks on Mining Rigs Before Ethereum Price Crashes Into the Gutter
Hackers have set off in motion a massive campaign that scans for Internet-exposed Ethereum wallets and mining equipment, ZDNet has learned today. Attackers are scanning for devices with port 8545 exposed online. This is the standard port for the JSON-RPC interface of many Ethereum wallets and mining equipment. This interface is a programmatic API that […]
Chinese Miners Become the Biggest Bitcoin Short-seller in the Bear Market
The current Bitcoin price chart entirely mirrors this market’s last dismal bear market in late 2014 and early 2015. At that time, veteran miners were keep mining and holding their coins during the dark days and got amazing returns in the subsequent bull market in 2017. “If I mine 30 tokens in the next month, […]
CanonChain MainNet Launched by the end of 2018
Dr. Chong Li, Chief Architect and Head of Research at CanonChain, announced plans to launch CanonChain MainNet by the end of the year. Under the protocol of CanonChain, a decentralized supercomputer can be initiated through the underlying Blockchain technology. As a result, user-end IoT devices can be connected to provide services to each other through […]
Coinbase Launches Trading Desk For Institutional Investors
OTC, or over-the-counter, trading occurs between two parties directly ー as opposed to over an exchange ー typically between an investment bank and its clients. “We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine […]
Bitfinex Announces Tether Neutrality and Launches New Stablecoin Pairs
Continuing our heritage of providing a neutral, coin-agnostic platform, from today Bitfinex users will be able to trade Tether-fiat directly on our platform through the addition of USDT/USD and EURT/EUR Tether trading pairs. This replaces the previous 1:1 conversion on deposits and withdrawals provided by Bitfinex, and reflects the increasing range of choice in the […]
Vitalik Buterin Says IBM’s Corporate Blockchain is Missing the Point
Devcon, the annual Ethereum developers conference, was fairly subdued this year. Compared to its previous installment in the resort town of Cancún, the gathering—held in Prague from Oct. 30 to Nov. 2, 2018—reflected tempered exuberance as cryptocurrency prices have returned to earth this year. Gone were the insufferable ICO promoters and hangers-on. Sadly, this year, […]
Bitcoin Miner Margins Tighten, Hash Power Goes in Decline
Miner euphoria came to a screeching halt last week as the price of Bitcoin tumbled forcing a 20% decrease in the networks hashrate. In a best-case scenario, most miners are now switching off equipment and await a lull of opportunity as margins have taken a 30% hit on the weekend versus the start of last […]
Coinbase Loses Chief Policy Officer Michael Lempres
Coinbase Inc., one of the largest U.S. crypto exchanges, is losing its policy head at a time when communication between Washington and the digital money sector may never be more important. Michael Lempres, who was named the firm’s policy officer in September after serving more than a year as its legal chief, is leaving to […]
Friends Accused of Torturing Pal to Steal his Cryptocurrency
These guys are accused of taking a “bit” out of crime. A group of young professional men ransacked their pal’s luxury apartment after a night of drinking and forced him to cough up his cryptocurrency account login information, the Manhattan District Attorney’s Office charges in a new complaint. Defendant Stephen Orso, 25, allegedly demanded that […]
New Security Monitoring Service for Blockchain Smart Contracts
NRI SecureTechnologies unveils the “Blockchain Security Monitoring Service” (“This Service”) to detect and report security vulnerabilities in information systems and services that use blockchain technology. The first use will be as a monitoring service for smart contracts on Ethereum*1. This service is implemented by introducing multiple scan tools in the security log monitoring service “NeoSOC”*2 […]
Posing as Elon Musk Nets Hacker About $180,000 Worth of Bitcoin so Far
Knowing that, enterprising hackers in recent days took over several “verified” accounts, tweaking their profiles to look like Elon Musk’s account. They then urged users to send a small amount of bitcoin BTCUSD, in exchange for the promise of more bitcoin to be sent back. One of the bitcoin wallets linked in the tweets has already […]
Multy Crypto Wallet Enables Multisignature Scheme for Android and iOS
Multy, an open-source mobile wallet for Bitcoin and Ethereum, announced enabling multi-signature scheme for wallets with more than one owner. This feature makes it easy to control company and family budgets by several owners of one wallet. Vadim Makovsky, Co-founder and CEO of Multy stated, “In Multy, we believe that using cryptocurrencies should be secure, […]
Pokemon Go of Blockchain
Cryptology Exchange, a community-centric cryptocurrency exchange based in Singapore has announced the listing of Izetex (IZX) on its platform, marking IZX’s first-ever exclusive exchange listing. Users can now trade IZX exclusively at Cryptology Exchange, with the trading pair IZX/ETH. Deposits and withdrawals for IZX are also available. Touted the “Pokemon Go of Blockchain”, Izetex (IZX) […]
