Month: June 2018

News Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the benefits of cryptocurrencies and broadcasts every Saturday on Boston’s FM radio signal 104.9. Also Read: Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations Read more …

Wells Fargo has announced that it will begin to block all cryptocurrency purchases on credit cards under the Wells Fargo name. Wells Fargo Imposes Credit Card Restrictions Despite the ban, Wells Fargo has implied that the ban may only be temporary. To clear up the waters regarding this issue, Shelley Miller, a representative from the financial institution, said: “Wells Fargo will continue to evaluate the issue as the market evolves.” The aforementioned representative from Wells Fargo also said: “We’re doing this Read more …

Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the industry. According to Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate School of Information Security Professor Kim Hyung-jung said they hoped Read more …

With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP). The new project entitled ICO Hub is an algorithmic ICO rating service that adds identity verification as a central rating factor: Hub representatives will now be able to identify ICO project team members and organizers to ensure a platform’s authenticity before investors Read more …

Altcoins Justin Sun, the founder of “decentralized web” altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol. Also Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR TRX Founder Buys Bittorrent Justin Sun, a former Chief Representative of the Greater China Region for Ripple, closed an acquisition deal for Bittorrent last week and employees have been notified but asked Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! The EOS mainnet launch has stalled, as fewer than one-third of the tokens required to activate the platform have been staked by their owners. The mainnet technically launched on June 10 — more than a week after Block.one released version 1.0 of the EOSIO software — but the platform cannot be fully activated until 150 million EOS tokens — 15 percent of the total Read more …

Some members of the crypto community were surprised Tuesday when the U.S.-based exchange startup Coinbase announced that it plans to list ethereum classic (ETC). ETC traces its origins back to 2016 and the collapse of the DAO, the ethereum-based, smart contract-powered funding vehicle that fell apart following a debilitating code exploit. The network is known by some as “a continuation of the original ethereum blockchain” following a hard fork that reversed the losses stemming from the DAO. As of the Read more …

In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle.” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern. Until this weekend, the market hadn’t decided whether it was going to break up or break down out of the pattern. Over the weekend, the bitcoin market saw a very strong push on very high volume through the bottom support of the triangle: Figure 1: BTC-USD, 12-Hour Candles, Symmetrical Triangle Breakdown The Read more …

The international financial crime watchdog, the Financial Action Task Force (FATF), will hold discussions later this month to develop rules for governing cryptocurrency exchanges. It will primarily make sure effective countermeasures are in place to prevent money laundering and terrorist funding, according to a Japanese government official familiar with the matter. FAFT to Develop Binding Cryptocurrency Guidelines The push to develop these rules comes after financial policymakers from the world’s top 20 economies (G20) called for regulators to monitor cryptocurrencies Read more …