Month: May 2018

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. A senior government official from Hong Kong has ruled out plans for a central bank digital currency (CBDC) presently, claiming the country already has an efficient payments infrastructure. The Hong Kong Monetary Authority (HKMA), the autonomous region’s defacto central bank, isn’t about to issue a digital currency anytime soon despite carrying out research on a CBDC. Speaking at a Legislative Council meeting on Wednesday, acting secretary for Read more …

The Daily In today’s edition of Bitcoin in Brief we feature news from all over the world. These stories include a new multi-GPU mining motherboard from Taiwan’s Asu; a Singaporean businessman acquiring a Japanese exchange; some ripple-loving alleged Russian hackers shaking down Canadian banks; and a Colombian soccer star launching his own coin. Also Read: Austrian Financial Market Authority Stops ‘Active Managed Mining’ Operation H370 Mining Master Asus (TWSE: 2357), the Taiwanese computer hardware manufacturer, has announced a new motherboard that Read more …

Earlier today, on May 31, prestigious US university Cornell professor Emin Gün Sirer ‏noted that the vast majority of proof-of-work (PoW)-based cryptocurrency require less than $1 million per day to successfully carry out a 51 percent attack. Computing Power is Security “The cost to 51% attack various coins. Most of these coins cost a pittance to attack. If your savings are in a coin, or anything else, that costs less than $1m/day to attack, you should reconsider what you are Read more …

CLS, a U.S.-based financial institution that provides forex settlement services, has confirmed to CoinDesk a $5 million investment in enterprise blockchain startup R3. According to a press release that didn’t state the amount involved, with the investment deal, CLS will take a place on R3’s board of directors. CLS aims to work in collaboration with other members of the consortium startup to explore how it can provide “transformative blockchain-based solutions,” for the forex industry, said Alan Marquard, the firms chief strategy Read more …

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. After dipping below the $7,300 mark, the bitcoin price has recovered to $7,550, closing the last 4-hour candle at above $7,600. Although the initial corrective rally from $7,040 came to an end with a slight drop in the price of bitcoin from $7,500 to $7,300, it is possible that BTC tests a support level at $7,800 in the short-term, eyeing an entrance into the $8,000 region. Volume Read more …

Huobi, a major cryptocurrency exchange originally from China, has told CoinDesk that it’s setting up shop in Brazil. The news first broke Tuesday when a Brazilian cryptocurrency news source reported that executives from Huobi were seen distributing name cards at a local industry event and talking to well-known figures. The report further suggested that Huobi has set up an office in a co-working space in the country’s capital São Paulo and is also seeking to hire local staff via LinkedIn, posting staff Read more …

Embattled headphone manufacturer Monster Products Inc. has applied to U.S. regulators to launch a giant $300 mln Initial Coin Offering (ICO), a Securities and Exchange Commission (SEC) filing signed May 25 confirms. Monster, which began trading in 1978 but in recent years became infamous for signing away the rights to its Beats headphones, now plans to issue 500 mln Monster Money Network (MMNY) tokens, selling 60% in its ICO. The SEC filing represents a registration of MMNY tokens as possible Read more …

News Averaging more than a million onboardings per year, Philippines’ Coins.ph announced it reached a whopping five million users this week for its mobile payments application (app) and hot crypto wallet. Not content with merely adding numbers for their own sake, the company also revealed it would add two new popular coins: bitcoin cash (BCH) and ether (ETH). Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt Philippines’ Coins.ph Hits 5mil User Milestone Founder Ron Hose enthusiastically Read more …

With an increasing number of crypto exchanges coming in the market, the criteria to be the best one is becoming stricter in the market. For most of the experts and users, the best exchange is one that is secure, simple, and easy to use. Features should be easy to find. Depositing and withdrawing should be straightforward, and service fees should be minimal. Founded in 2017, Cryptagio is set to become the next big cryptocurrency exchange, providing an actually easy, fast Read more …

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Despite being offered a reported 30% discount in crude oil imports from Venezuela for payment in petro, India has no plans to use the South American nation’s cryptocurrency after being hindered by its central bank crypto curbs. Indian foreign minister Sushma Swaraj was addressed reporters during a news conference this week when she was asked about a Venezuelan trade deal involving crude oil and a reported discount Read more …