A ruling by the South Korean Supreme court about the value of cryptocurrency may be the backdoor to unraveling the regulatory boondoggle over custody. Porn Provider has Bitcoin Seized The case concerns a pornographer arrested on charges of violating the Protection of Children and Juveniles From Sexual Abuse Law in May 2017. The charges which go back as far as 2013 claim that the man identified only as Ahn had distributed 235,000 obscene pictures online and made 1.9 billion won Read more …
A recent expedition to the summit of Mt. Everest, which saw the placement of ASKfm tokens at its peak, has ended in the tragic disappearance of a Nepalese guide. ASKfm, a cryptocurrency company centered around a global social networking site where users create profiles and can send each other questions, recently sponsored four cryptocurrency enthusiasts’ climb to the top of Mount Everest. As a promotional stunt for ASKfm’s initial coin offering (ICO), the climbers placed a wallet of ASKfm tokens Read more …
Key Highlights Ripple price remained in the positive zone above the $0.6000 and $0.6100 support levels against the US dollar. There is a short-term connecting bullish trend line forming with support at $0.6060 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might correct a few points in the near term before retesting the $0.6250 resistance. Ripple price is placed nicely in a bullish zone against the US Dollar and Bitcoin. XRP/USD has to move Read more …
On Wednesday, The Verge reported that ASUS had announced one of its craziest creations yet. This being an updated version of the ASUS Mining Master motherboard which now supports up to 20 graphics cards. Mining Innovation: 20-GPU Supported Motherboard In normal cases, it would be an impossibility to fit 20 graphics cards all onto one motherboard. However, ASUS has provided an innovative fix for this issue, allowing for PCI-E connections through USB cords. As alluded to by the name of the Read more …
Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. ZhongAn, a Chinese insurance giant that provides infrastructure to 10 local insurers, stated that it has recently partnered with more than 100 hospitals to utilise blockchain technology in securely processing patient data and financial information. Significance of the Deal The insurance and healthcare industries are extensively intertwined and dependent on each other. In most regions, healthcare service providers and hospitals are required to communicate with the insurance Read more …
Cryptocurrency trading platform Huobi is launching a crypto-based exchange-traded fund (ETF), an investment option that will allow retail investors to gain exposure to a basket of assets instead of just one at a time. The company said in an announcement on Friday that the investment instrument – called HB10 – is now open for subscriptions, though it only accepts purchases using cryptocurrencies instead of fiat currencies. According to the firm, the new product will replicate the Huobi 10 index, which Read more …
News The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded by US sanctions, forcing its government to devise ever-more creative ways to stay afloat. Also read: Philippines’ Crypto Wallet Reaches 5 Million Users, Adds Read more …
Key Highlights ETH price is struggling to break the $585-587 resistance area against the US Dollar. Yesterday’s highlighted major bullish trend line is intact with support at $565 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $565 support and the 100 hourly simple moving average to avoid a downside reaction. Ethereum price is consolidating in a range against the US Dollar and Bitcoin. ETH/USD should not break the 100 hourly SMA to Read more …
Huobi, the third largest crypto exchange by 24-hour trading volume, is reportedly setting up an office in Brazil. According to reports in Portal du Bitcoin, representatives of Huobi were seen distributing business cards during Bitconf, a major cryptocurrency conference held in São Paulo, Brazil, on May 5-6, 2018.The Singapore-based exchange has yet to make an an official statement on the matter, but according to Portal du Bitcoin, which broke the news on Tuesday, May 29, 2018, Huobi has already opened Read more …
Laszlo Hanyecz has provided some insight into the persona of Bitcoin creator, Satoshi Nakamoto. Hanyecz, who was the first person to use Bitcoin in a real-world commercial transaction described Nakamoto as an “oddball.” The identity of Satoshi Nakamoto remains a mystery till this day. A Bit of an Eccentric Fellow According to Hanyecz, worked pro bono as a developer during the early days of the Bitcoin project, Nakamoto was an eccentric fellow who regularly gave him “a weird feeling.” Commenting Read more …
Key Points Bitcoin cash price continues to struggle to break the $1,040 resistance against the US Dollar. There is a major bearish trend line forming with resistance near $1,020 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair has to move above the $1,020 and $1,040 resistance levels to gain further in the near term. Bitcoin cash price is consolidating below $1,040 against the US Dollar. BCH/USD must gather momentum above $1,040 to accelerate gains. Read more …
Bitcoin Price Key Highlights Bitcoin price could be due for a reversal as an inverse head and shoulders can be seen on the 1-hour chart. Price has yet to break past the neckline to confirm that an uptrend is in the cards. Technical indicators are showing signs of a return in bullish momentum. Bitcoin could finally be done with its slide as it forms an inverse head and shoulders reversal pattern on the 1-hour chart. Technical Indicators Signals The 100 Read more …