Fidelity Expands Bitcoin Ops, Ripple’s XRP Sales Fall, Grayscale Sees Growing Altcoin Demand

Another week, another of Crypto Tidbits. Over the past week, Bitcoin hasn’t done too hot, sliding under $8,000 for the umpteenth time in a few months. A majority of altcoins — save for XRP, Dogecoin, Binance Coin, and a few others — have followed BTC lower, posting 3% to 6% losses. Despite the growing potential for an extended downtrend, this past week was rather positive for the cryptocurrency industry at large. For instance, Fidelity Investments, the financial services giant, revealed on Read more …

Bittrex International Halts Service in Venezuela and 30 More Countries

Bittrex International, Malta-based international unit of United States’ crypto exchange Bittrex, will cease operations in Venezuela and 30 other countries. No clear reason for the action In an email to Venezuelan customers, Bittrex International announced that the exchange will halt account and trading access to users on Oct. 29, asking them to withdraw their funds with the exchange before that date, Cointelegraph en Español reports on Oct. 19. According to the report, the Malta-based international trading platform of Bittrex has Read more …

Bitcoin Reclaims Support Level as Analysts Eye Further Gains

After struggling to break above $8,000 for the past several days, Bitcoin was once again able to find some support within the upper-$7,000 region that held strong and allowed BTC to move back up above $8,000. Analysts are now noting that the cryptocurrency may climb higher in the near-term but are also noting that a resistance level that is just a short way above BTC’s current price may halt this fleeting rally and send the crypto plunging back below $8,000. Read more …

How Can EEA’s Reward Token System Help Banks Motivate Their Employees?

Enterprise Ethereum Alliance (EEA) created a token system to encourage the active contribution of member organizations and their employees to the consortium, as reported by Cointelegraph on Oct. 8. The tokens are powered by the EEA’s Off-chain Trusted Compute Specification and is said to be trustworthy enough for use both within and between different companies. The system was first demonstrated at the Devcon5 conference at the start of October in Osaka as part of an experiment conducted inside the EEA. Read more …

Bitcoin Recovers Above $8K After 18th Million Bitcoin Was Mined

Saturday, Oct. 19 — crypto markets are seeing a slight recovery after another downward movement as Bitcoin (BTC) is back to trading above $8,000. Market visualization. Source: Coin360 18 million BTC mined, BTC blockchain hits 600,000 blocks  After trading below $8,000 threshold for most of the day, Bitcoin has seen a sharp recovery to climb above the mark at publishing time. The biggest cryptocurrency is trading at $8,041, up 1.2% over the past 24 hours, according to Coin360. However, Bitcoin Read more …

“I’m not buying anything,” says Tron CEO Amid Reports of Poloniex Acquisition

Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex. In a tweet published on Oct. 19, Sun has claimed that he is “not buying anything,” noting that he is an investor and disclosing some of his crypto assets: “Just invest some and help out my friends. Actually I have a huge bag of $BNB, $HT, $OKB etc and bet on all exchanges Read more …

Bitcoin (BTC) Mining is Actually Green

Bitcoin (BTC) mining uses up as much electricity as Austria in a year, at 73.12 TW/h, shows data collected by Digicomist.com. This exorbitant energy use is viewed as one of the strongest arguments that mining is an activity extremely damaging to the environment. But is that entirely true?  Bitcoin Mining Achieves Synergy with Hydroelectric Stations But another analysis shows that currently, BTC mining is actually quite eco-friendly. The chief reason is that the main source of power is hydroelectric energy. Read more …

Circle Drops Poloniex Leaving US Crypto Traders High and Dry

According to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group.” The trading platform will become an independent company called Polo Digital Assets, Ltd., and after November 1, 2019, U.S. residents will no longer be able to use the platform. Also read: Ethereum Name Service Adds Infrastructure for Multi-Currency Support Circle Spins Out Poloniex Circle, which specializes in digital assets and over-the-counter swaps, has decided Read more …

Regulatory ‘Gray Area’ in China

Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan. The public nature of this announcement did bring questions to the fore regarding the use of payment channels like Alipay and WeChat for crypto trading. Alipay did, in fact, release statements distancing itself from cryptocurrency trading activities, with Binance later Read more …

HTC’s Latest Blockchain Phone Can Run a Full Bitcoin Node

Taiwanese electronics manufacturer HTC has launched its latest blockchain phone, the Exodus 1s, which enables users to support the bitcoin network. Unveiling the device Saturday at the Lightning Conference in Berlin, the company claimed the new product is the first smartphone to be able to run a full bitcoin node, allowing it to propagate transactions and blocks anywhere. “Full nodes are the most important ingredient in the resilience of the Bitcoin network and we have lowered the barrier to entry Read more …

Blockchain Voting is Vulnerable to Hacking and Low-Quality Data: Research

Nir Kshetri, a professor of management at the University of North Carolina, has suggested that before blockchain-based voting can be considered safe and trustworthy, some major issues must be resolved. In an article published on Oct. 18, Kshetri claims that “small-scale tests run so far have identified problems and vulnerabilities in the digital systems and government administrative procedures” that must be solved before adopting the technology.  Hard to audit Per the report, such systems need to verify voters’ identities — Read more …

SEC’s Court Hearing on Telegram Token Delayed Till Next Year

Telegram will have to wait to make its case to the U.S. Securities and Exchange Commission (SEC) that its “gram” token is not a security. According to the latest court filing, the hearing on the case has been postponed until Feb. 18–19, 2020, pushed forward from an Oct. 24. slot. The judge hearing the case, P. Kevin Castel, ruled that Telegram should not distribute its tokens before that date, and not until the court makes its decision on the case. Earlier Read more …