Right now is a tough time to be a bitcoin holder. Things have been moving fast and very much in the wrong direction over the latter half of the weekend, despite some early weekend reprieve that saw a few of the majors pick up a few percentage points and stem the tide – temporarily. As we move into a fresh week of trading, nobody really knows where price is going near term. Some analysts suggest that current levels are a Read more …
Singapore’s largest airline operator is turning to blockchain technology to boost spending of its loyalty program miles. In an announcement on Feb. 5, Singapore Airlines (SIA) said it will launch a digital wallet for its frequent-flyer KrisFlyer program in six months that will be powered by a private blockchain. According to the airline, the blockchain-based wallet will enable members of the program to spend their air miles at retail partners for point-of-sale transactions. The company said the initiative comes about after Read more …
China will add offshore cryptocurrency exchanges and ICO websites to its Great Firewall, the South China Morning Post reported Monday, reported Feb. 5, quoting a publication affiliated with the People’s Bank of China (PBoC). Regulators in China reportedly voiced dissatisfaction with current measures restricting trading on domestic exchange sites, coming to a decision to block foreign sites as well to counter “financial risks”. In January, a fresh crackdown from Beijing saw fringe trading platforms such as P2P and over-the-counter resources Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The UAE’s financial markets watchdog and regulator has ‘raised the alarm’ over initial coin offering (ICO) investments. In a circular published on Sunday, the UAE’s Securities and Commodities Authority (SCA) urged investors to be wary of risks associated with investments into ‘all digital, token-based fundraising activities or investments schemes’ in the Emirates. Certain ICOs aren’t regulated and are therefore open to risks of fraud, the authority said. Read more …
Bitcoin has fallen 11.23 percent in the 24 hours to press time Monday, Feb. 5, dropping below support at $8000 as its price continues to dictate altcoin performance. Data from Coin360 Monday shows a continuation of lacklustre price action for the largest cryptocurrency, which saw its slight rebound Saturday, Feb. 4 all but erased over the weekend. Image source: coin360.io On Coinbase, Bitstamp and some other exchanges, Bitcoin failed to maintain $8000 into Monday, hovering at around $7900 at press Read more …
Winding Tree, a set of open-source protocols for data exchange based on blockchain allows tourists and travelers to access a central repository of various services to plan their travel without a hitch. The platform will include inventory availability information from airlines, hotels, and tour and travel service providers to enable booking of airline tickets and hotel rooms. The Decentralization Feature Winding Tree, based on blockchain, is a decentralized travel distribution platform. It eliminates the middlemen in the process, making travel Read more …
A major U.K.-based banking institution is reportedly barring its customers from using credit cards to buy bitcoin and other cryptocurrencies. According to report from the BBC, the ban applies to the Lloyds Banking Group’s eight million credit card holders and takes effect on Feb. 5 among its subsidiaries including Lloyds Bank, Halifax, MBNA and Bank of Scotland. As reported by CoinDesk previously, Bank of America and JPMorgan Chase have both also barred the purchase of bitcoin for customers using credit cards this month. Read more …
As prices tumble and the markets make a huge correction from their spike in early January, the banks are battening down their hatches. Leading UK bank Lloyds joined its counterparts in the US by banning the purchase of Bitcoin and other cryptocurrencies for its customers using credit cards. Credit card issuers fear that people will fall into debts that they will have to shoulder if they buy crypto and the prices continue to fall. Bitcoin has taken a battering this Read more …
Hardware cryptocurrency wallet manufacturer Ledger has discovered a vulnerability that affects all of its devices and can lead to users losing their funds, according to a report released on Saturday, Feb. 3. To mitigate the man in the middle attack vector reported here https://t.co/GFFVUOmlkk (affecting all hardware wallet vendors), always verify your receive address on the device’s screen by clicking on the “monitor button” pic.twitter.com/EMjZJu2NDh — Ledger (@LedgerHQ) February 3, 2018 According to the report, а “man in the middle” Read more …
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. There seems to be a sudden surge of ICOs in the gambling space, and Zero Edge has caught our attention. It aims to create a cryptocurrency for the online gambling space and they have an Read more …
A financial regulator in the United Arab Emirates has issued a warning to residents on the risk of initial coin offerings (ICO). Issued on Feb. 4 by the Securities and Commodities Authority (SCA), the circular alerts residents in the country to be aware of the risk of investing in token-based fundraising activities such as ICOs and token pre-sales. The risks, as stated out by the SCA, could stem from both the project being presented in an unaudited or misleading manner, Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Spanish banking giant Banco Santander is set to roll-out a personal payments app for retail customers powered by Ripple’s blockchain technology in Q1 2018. In what could become the earliest major retail use cases of blockchain technology in the banking system, Santander is set to launch a personal payments app for international payments powered by Ripple’s blockchain tech. First reported by Finextra, the application will enable international payments Read more …