Month: January 2018

Many different lessons can be learned from the Coincheck debacle. The heist on this Bitcoin exchange raises a lot of questions and provides few answers. Additionally, it seems criminals will continue to exploit any sort of weakness on centralized platforms. As such, there is a growing need for decentralized trading solutions. These decentralized exchanges will be of great interest to cryptocurrency users worldwide. Even so, this new business model is not without its flaws either. Several companies and projects already Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency markets extended their decline for another consecutive day on Wednesday, as just five of the 100 largest coins and tokens managed to post an advance against the dollar. The Bitcoin price, meanwhile, recovered past $10,000 after yesterday’s report that US regulators had subpoenaed Bitfinex and Tether briefly caused it to dip into four-figure territory. Source: CoinMarketCap Altogether, the cryptocurrency market cap shed $37 billion and Read more …

Tennessee lawmakers have put forward a new bill that would bar state government retirement funds from investing in cryptocurrencies. Introduced on Jan. 30 and sponsored by Representative Michael Curcio, the House bill, if enacted, would amend the existing Tennessee Code Title 8 that relates to post-employment benefits for public officers and employees. According to the latest Tennessee Code, trustees are assigned from members of the state’s Department of Finance and Administration, as well as the Senate and the House of Read more …

Blockchain tech group Bitfury, founded in 2011 as a Bitcoin mining company, has launched a software stack called Crystal that is designed to help fight crimes involving Bitcoin, according to a press release issued Tuesday, Jan. 30. Crystal will allow users to detect and examine criminal activity that takes place on the Bitcoin Blockchain and avoid interacting with coins that are associated with illegal transactions. Crystal’s free demo version is available for individuals starting Jan. 30, while a full version for corporate Read more …

Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative.  Every year at the World Economic Forum, a handful of timely, hot-button issues overshadow the myriad other topics consuming the chatter of the attending businessmen, government officials, development professionals, celebrities, journalists and multiple other breeds of wannabe “Davos men.” This year, as with last, a guy called Trump was on everyone’s mind. But that was hardly unexpected. What was Read more …

Featured Reports from the 대한민국 Republic of South Korea (ROK) indicate its Customs Service announced on Wednesday, 31 January 2018, it has discovered “cryptocurrency crimes” which amount to nearly 600 million USD. Also read: Nassim Nicholas Taleb vs David Birch on The Bitcoin Standard South Korea Customs Service Finds Almost $600 Million in Cryptocurrency Crime ROK Customs Service released a statement claiming to have “uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million),” according to Reuters. Evidently, it Read more …

Blockchain technology has enabled the possibility of data control and proper identity management by their real owners. It is this technology that Persona, a start-up, has employed in order to ensure that users achieve hassle-free identity management, signing-on for all websites through its single channel. Hosting individual data using the Persona platform could offer individual owners the ability to have total control of their data in a granulated manner. This implies that unlike what is currently obtained, identity owners will Read more …

Turkish football team Harunustaspor announced Tuesday, Jan. 30, that it will pay a player partially in Bitcoin (BTC), local news outlet CNN Turk reports. As chairman of the amateur club Haldun Şehit told CNN Turk, the move was completed to hire 22-year-old Omar Faruk for 2000 lira ($528) in BTC and 2500 lira ($661) in cash. OFFICIAL: Turkish amateur side Harunustaspor have signed 22-year-old Omar Faruk in return for Bitcoin. ???? pic.twitter.com/zAt4LJrIVB — SPORF (@Sporf) January 30, 2018 The move Read more …

As Bitcoin and other cryptocurrencies gain credibility as legitimate investments, the investment world is working to make changes. One interesting change has been the acceptance of Bitcoin as a legitimate investment as part of an IRA account in the US. First, most 401K and IRA accounts have provisions that only allow for traditional investments such as stocks, bonds, and mutual funds. In recent years, the Internal Revenue Service in the US has put forth rules that allow for less traditional Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Russian presidential candidate Boris Titov is the latest individual to weigh-in on the draft law proposed by Russia’s finance ministry to regulate cryptocurrencies, as he believes the requirements outlined are excessively strict. Taking a very controversial position, Titov believes the regulatory requirements on cryptocurrency and blockchain related items are being put into place due to the ways in which they could possibly disrupt governmental powers. “Blockchain allows Read more …

The line has been drawn in the sand. As Bitcoin continues to show its volatility, as should be expected from any new investment option, many people are in the process of assigning themselves to one of two positions. The pro-Bitcoin faction consists primarily of Bitcoin and other crypto-currency investors. It’s reasonable to assume another larger group of investors are sitting on the sidelines, waiting for the right opportunity to join in the fray. These folks live with the belief that Read more …