Category: Cryptocurrency News

Blockchain startup Colu is eliminating blockchain from its business plan. Citing regulatory uncertainty, technical challenges and growth in non-blockchain related opportunities the company is concluding its blockchain project, the Colu Local Network (CLN), according to a statement. As part of the scale down, the company will repurchase approximately 54 million tokens sold during its $17 million ICO from those that participated in the crowd-sale. The CLN token, which ran on the Colu Local Network, was used as a means for Read more …

Max Keiser says Bitcoin would have stopped 9/11, and will soon end terrorist attacks overall. But the numbers tell a different story. | Source: Shutterstock (i), Kitco News/YouTube (ii). Image Edited by CCN. Max Keiser did nothing but help magnify the Bitcoin community’s reputation as an irrational cult this weekend when he suggested that Bitcoin could have stopped the horrific terrorist attacks of September 11th, 2001. The famed Bitcoin enthusiast and host of the Keiser Report is unabashedly optimistic about Read more …

All the registered users of the CoinMarketCap API will be able to use Flipside Crypto’s fundamental health rating system, FCAS.  FCAS, the acronym for Fundamental Crypto Asset Score, is a score which allows the measuring the status of cryptocurrency projects. Since March of 2019 FCAS has been featured on CoinMarketCap’s asset pages. FCAS is generated by using primarily blockchain transaction data and developer activity in order to assess cryptocurrencies. CoinMarketCap’s new API version upgrade (v.1.16.0) provided users with daily FCAS Ratings Read more …

A new malware called Clipsa was found by researchers, which is basically a malicious crypto miner that targets WordPress sites that are not secured. According to the Avast researchers, the malware was noticed during a huge spread campaign which targeted thousands of PCs from all over the world. While Clipsa mostly targets to steal crypto, it also replaces the crypto addresses it finds on a clipboard (which is where the malware got its name). The malware is still spreading as Read more …

Like most CoinDesk stories, our interaction with an insider claiming to have access to the Binance hackers began with an email. “Hi John Biggs,” wrote someone calling himself John Amate (later Platon.) “I have read your article regarding about Binance hacking and it seems to me that you do not have much information about it. I am willing to help you. [I can supply:] Where did hackers launder their money. How many customers’ privacy information are stolen (including their passport and identity card), etc.” That Read more …

In June 2019, the Financial Action Task Force (FATF), an inter-governmental agency created to address and reduce international money laundering, terrorist financing, and other financial threats, released new guidelines for international banks. These standards were also affirmed by the G20 in June. A collective agreement was made to apply the rules at the G20 meeting in Fukuoka, Japan and communicated by the Japanese Ministry of Finance in a statement. Bad News for South Korean Cryptocurrency Exchanges The first inklings of Read more …

The third-largest bank in Denmark, Jyske Bank, now offers a 10 year fixed rate mortgages at -0.5%. This means customers will pay back less than the amount borrowed. Mortgage fees are still payable, likely negating any benefit to borrowers, but some see this unprecedented move as indicative of a troubled economy. Economy In Crisis Indeed, the European banking sector is in decline, as evidenced by the recent cull at Deutsche Bank. And while management pinned this on an unprofitable equities Read more …

The tax authority in New Zealand now legally permits people to receive their salaries in Bitcoin or in another cryptocurrency. Cryptocurrency salaries will be subjected to taxation similar to fiat wages. According to the new tax information bulletin released on August 7, the ruling is scheduled to come to effect on September 1, and it will be valid for three years. The document contains more information regarding the rules and cryptocurrency salaries that have been made legal by the New Read more …

Goldman Sachs is predicting a new 2019 bitcoin price high of $13,971 once the current pullback is over. 30% Bitcoin Price Pullback — Another Buying Opportunity? In a note released to investors, the Wall Street bank predicted a short-term bitcoin price target of $13,971. Going by the current market value, this forecast indicates a 25% increase in bitcoin price during the upward push. Su Zhu of Three Arrows Capital posted a tweet on Monday (August 12, 2019) showing a portion Read more …

The rapidly-escalating Hong Kong protests, along with crippling sanctions in Venezuela, give Bitcoin the chance to be a true safe haven. | Source: Anthony WALLACE / AFP (i), AP Photo/Ariana Cubillos (ii). Image Edited by CCN. Bitcoin’s blossoming inverse correlation with the stock market and other assets vulnerable to economic and political turmoil suggests that it’s finally becoming “digital gold.” Since early May when it broke above $6,000 for the first time this year, Bitcoin price movements have been remarkably Read more …

Negative interest rates have been making big headlines lately, as several countries and big banks are now experimenting with the unorthodox monetary policy. While typically viewed as a last-ditch effort to shock some life back into struggling economies, these policies are getting a shiny new spin thanks to mainstream media outlets promoting government talking points and agendas. Instead of facing the ominous problems of inflation and devaluation of money, now there’s a new solution: normalize the negative, and sweep the Read more …

Negative interest rates have been making big headlines lately, as several countries and big banks are now experimenting with the unorthodox monetary policy. While typically viewed as a last-ditch effort to shock some life back into struggling economies, these policies are getting a shiny new spin thanks to mainstream media outlets promoting government talking points and agendas. Instead of facing the ominous problems of inflation and devaluation of money, now there’s a new solution: normalize the negative, and sweep the Read more …