Month: August 2018

Bitcoin on Friday recovered more than 3 percent from its intraday low near $6,800. The BTC/USD began the day continuing to its steady upside recovery and reached as above as 7020-fiat during the early Asian trading session. The bounce back could have been more effective had it managed to break above 7000-fiat for a more extended period. But as the European session came into play, traders visibly started exiting their positions around 7000-fiat – verifying it as a strong selling area. Read more …

The world’s sixth most popular website has launched a service to allow readers to trade bitcoin, ethereum, and other cryptocurrency tokens directly through its platform. Yahoo.com, which according to Alexa ranks as the sixth most visited website both globally and with the U.S., announced this week that it has partnered with financial API developer TradeIt to allow users to trade cryptocurrencies from within Yahoo Finance. As with Yahoo Finance’s stock trading feature, which the company first launched last year, users Read more …

A proposal that, if enacted, would change how much new cryptocurrency is released on the world’s second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum’s upcoming October upgrade, Constantinople. Speaking on a video call, a group of 14 developers agreed to support code that would reduce the amount of new cryptocurrency introduced on ethereum to 2 ETH per block, down from 3 ETH today, by implementing an updated version Read more …

Technology & Security On August 1 news.Bitcoin.com reported on the Wormhole project and the BCH burned to create Wormhole Cash (WHC) tokens. Since then there’s been a lot happening in the BCH environment, and Wormhole developers have felt the need to address the public with a statement concerning rumors spreading regarding the security of the protocol. The Wormhole creators “welcome any constructive suggestions,” but “find no real evidence” to the recent rumors. Also read: How to Monitor the BCH Stress Test and Get Read more …

Friday, August 30: following the mid-week’s strong upswing, the crypto markets subsequently saw widespread corrections, but most cryptocurrencies are today consolidating these higher lows. The vast majority of cryptos are in the green, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,925 at press time, up around 1 percent on the day, according to Cointelegraph’s Bitcoin price index. Having broken through the $7,000 threshold earlier this week, the top coin began to dip August Read more …

The Federal Financial Monitor Service, or Rosfinmonitoring, has reached a limited liability company to develop an analytical tool for tracking cryptocurrency transactions, BBC Russia reported. The Russian watchdog requires the addition of a crypto-tracking tool to an anti-financial crime system. The method as a whole would allow the money police to arrange suspicious financial activities into a thread of investigable data. Cryptocurrencies like Bitcoin that governments perceive as safe and anonymous tools to fuel financial crimes would become the subject of Read more …

Bitcoin (BTC) got a new mainstream mention from U.S. rapper Ryan Daniel Montgomery, better known as Royce Da 5’9,’ in a track featured on Eminem’s new album “Kamikaze,” Forbes reports August 31. Rappers Eminem and Royce Da 5’9’ have collaborated several times throughout their careers, having recorded a combined 66 songs that have made it into the Billboard Hot 100 record chart. Eminem announced his tenth album “Kamikaze” in a tweet Friday, August 31, without much preceding promotion. According to Read more …

Rapper and actor Eminem has given bitcoin’s public awareness another boost, giving it a mention in a song on his latest album, “Kamikaze.” In track dubbed “Not Alike,” fellow artist Royce Da 5’9′  – who guest features on the piece – raps: “Remember everybody used to bite Nickel, now everybody doing bitcoin.” The album was released on midnight Thursday in a surprise announcement by Eminem, according to reports. His previous release was “Revival” in December 2017. While the crypto citation Read more …

Has the cryptocurrency exchange which you typically trade on already been hacked? If not yet, this is highly possible. Centralized exchanges, which Vitalik Buterin wished would “burn in hell,” can manipulate users’ funds and face regular attacks, while decentralized ones seem to have not yet found a balanced compromise between security and usability. At the same time, the experience of traditional banks in ensuring cybersecurity is still not in demand within the crypto industry, which leads to users’ millions of Read more …

A policy advisor for the Netherlands’ central bank has claimed that Bitcoin price changes coincide with Google searches for the cryptocurrency, CNBC reports Friday, August 31. In an interview with the network Wednesday, De Nederlandsche Bank’s Joost van der Burgt said that the trend became clearer last December with the advent of the first Bitcoin futures hitting the market. “Every time bitcoin was in the news, be it positive or negative, the price went up accordingly,” he said. Bitcoin’s failure Read more …

The Finance Ministers of 28 European countries on September 7 will meet in Vienna to discuss new rules for the locally emerging cryptocurrency sector. The informal gathering, according to the EU’s draft note, will witness a broad discussion about current policy issues relevant to financial and economic affairs. Bloomberg, which claims to have read the meeting agenda in person, reports that the EU ministers will echo their concerns over “a host of challenges” posed by the popularity of cryptocurrencies like Read more …