Trump Administration Goes After North Korean Bitcoin Hackers

The U.S. Treasury has announced sanctions targeting North Korean cybercrime syndicates responsible for over $2 billion in bitcoin exchange hacks. OFAC Sanctions North Korean Bitcoin Hacking Syndicate The U.S. Department of the Treasury announced the news in a press statement issued on Friday (September 13, 2019). According to the press release, the department’s Office of Foreign Assets Control (OFAC) is going after three North Korean-sponsored hacking syndicates — Lazarus Group, Bluenoroff, and Andariel. The latter two are thought to be Read more …

Ethereum Price Flashing Bullish — Can ETH Trigger an Altcoin Revival?

For the past two weeks, Ether (ETH) price has been a frequent topic of discussion among traders. Investors are beginning to wonder if the altcoin has finished its retrace from a 2019 high at $364 and this week Ether settled at the $170 support and proceeded to reverse course. Cryptocurrency Monthly Performance. Source: Coin360 While this is not terribly exciting, and not convincing enough to indicate a trend reversal, the excitement comes from the interpretation that if Ether bottoms and Read more …

Sunday Digest: No Bitcoin Breakout Yet, and Libra Is Back In The News

So the first foolhardy participants have started to gather ahead of the Storm Area 51 event that 3.5 million Facebook followers are apparently going to. Whilst it doesn’t take a technical analyst to predict how badly that is likely to turn out, they can be quite useful for looking at Bitcoin price. Bitcoin Price: No Breakout Yet If we started the week optimistic that an imminent breakout could be on the cards, we’re certainly not anymore. Bitcoin price remained rangebound, as Read more …

Bitcoin Price Hits $12,000 on Kraken Following Order Matching Glitch

Crypto trading service Kraken has revealed the reason for the abnormal Bitcoin price on its platform was due to an order matching bug. Abnormal Bitcoin Price Spread on Kraken On Saturday (September 13, 2019), the XBT/USD trading pair on Kraken experienced a $2,000 takeaway in both directions. 1/3 Yesterday a test of an unreleased advanced order type encountered a bug which resulted in the order's prices being matched against the wrong side of the book. Some clients bought from the Read more …

What Bitcoin’s Valuation Says About Its Volatility

Noelle Acheson is a veteran of company analysis and CoinDesk’s Director of Research. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here. For a primer on crypto valuation concepts, you can download our free report here. Most of us think we understand the term “volatility.” We digest headlines about tense political situations around the Read more …

Nick Szabo, ‘Libra is a Cryptocurrency in the Same Way That a Doll is a Baby’

Facebook’s Libra Coin has been all over the news the past few months as more tech giants invest in the network. However, many people in the cryptocurrency community are skeptical about the new stable coin, saying that Libra doesn’t have the properties that made Bitcoin what it is today. Issues with Centralization As many people have pointed out since the announcement of Facebook’s Libra, this new coin has a large number of differences versus Bitcoin. The network is controlled by Read more …

Kaleido Blockchain Implements QEDIT’s Zero-Knowledge Proof Solution

Enterprise blockchain startup Kaleido, a part of ConsenSys’s venture studio, became the first to implement crypto privacy firm QEDIT’s zero-knowledge proof solution. An optional feature QEDIT claims in a press release shared with Cointelegraph on Sept. 15 that this partnership with Kaleido will enable its private asset transfer feature as an off-the-shelf option for businesses using the platform. CEO and co-founder of QEDIT Jonathan Rouach added: “Kaleido has played a leading role in accelerating the deployment of enterprise blockchain technology Read more …

eToro Aims to Put Derivatives on the Blockchain With Lira Programming Language

eToro, an Israel-based exchange platform, revealed a new programming language designed to simplify derivatives trading. Speaking ahead of the Ethereal Summit Tel Aviv 2019, on Sunday, chief blockchain specialist Omri Ross said the language, dubbed Lira, will reduce the risks involved in settling financial contracts and enable the creation of new derivative products from assets on the ethereum blockchain. A demo trading platform, built by eToroX Labs, was also revealed to enable retail and institutional investors to begin trading derivatives. Read more …

Bitcoin (BTC) Price Weekly Forecast: Slow And Steady Increase Likely

There was a downside correction from the $10,954 swing high in bitcoin price against the US Dollar. The price is holding the $10,000 support and it could bounce back in the near term. There is a major bullish trend line forming with support near $10,140 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The price could dip in the short term before it starts a fresh increase above $10,500 in the near term. Bitcoin price is Read more …

Aventus Announces Ethereum-Based Protocol to Enhance Ticketing Industry

The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Alleviate fraud and provide transparency On Sept 12, Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. The announcement goes on to say: “This release marks our first real step in engaging with the Read more …

Crypto News From the Spanish-Speaking World: Sept. 8–14 in Review

The Spanish-speaking world sees major cryptocurrency and blockchain developments with Uruguay approving a new bill that could be applied positively to ICOs, Cuba using crypto to access the global economy and Venezuela finally installing its first Bitcoin (BTC) ATM. Here is the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Argentinian Bitex stops accepting balance charges in US dollars Cointelegraph en Español reported on Sept. 12, that the economic crisis in Argentina Read more …

Ethereum Network Demand Surges; Will ETH’s Price Follow?

Ethereum (ETH) surged today after the aggregated altcoin market responded bullishly to Bitcoin’s period of consolidation in the mid-$10,000 region. This upwards momentum has sent it up towards $185, which has previously been a strong level of support for the cryptocurrency. Now analysts are noting that Ethereum’s network is expressing significant strength, which may be a positive sign for the cryptocurrency’s near-term price action. Ethereum Surges Towards $185 At the time of writing, Ethereum is trading up over 3% at Read more …