Month: August 2018

Detected instances of cryptojacking – the unauthorized commandeering of computer resources to mine cryptocurrencies – went up nearly 1000% in the first six months of 2018. This is one of the insights presented in the Trend Micro midyear roundup report titled “Unseen Threats, Imminent Losses”. “Noticeable Shift” Released on August 28, the report states that methods employed by hackers to extract value from device owners have shifted from ubiquitous, highly visible malware attacks to the relatively silent but no less Read more …

Bitcoin (BTC) is all set to end August with double digit-losses, but a closer look at the price action suggest better times lie ahead for the leading cryptocurrency. At time of writing, BTC is trading at $6,940 – down 10.7 percent from the month’s opening price of $7,727, according to CoinDesk’s Bitcoin Price Index. However, losses would have been much bigger had prices not recovered from the six-week lows below $5,900 seen on Aug. 14. Indeed, the bitcoin market has Read more …

Hankyung, a mainstream media outlet in South Korea, has reported that Bithumb, the country’s second largest crypto exchange, will officially resume new user registrations on September 1. Bithumb has disallowed new registrations for traders in South Korea since January of 2018, following the encouragement of the government to establish formal agreements between cryptocurrency trading platforms and the country’s regulated financial institutions. Previously, NH Bank, better known as Nonghyup Bank, declined to provide virtual bank accounts to Bithumb citing various security Read more …

The head of a government watchdog in Thailand has admitted that domestic cases of cryptocurrency crime are few and far between despite calling for increased preparedness to combat it in the future. Speaking at a joint seminar with the United Nations Office on Drugs and Crime (UNODC) in Bangkok on Thursday, Thailand Institute of Justice (TIJ) executive director Kittipong Kittayarak said Thailand was sorely lacking the personnel and the tools required to combat crimes involving cryptocurrencies. The watchdog’s chief was Read more …

Japanese e-commerce giant Rakuten is planning another step into the cryptocurrency industry with the acquisition of a local bitcoin exchange. The company said in an announcement that it has inked a share transfer agreement for 100 percent of an exchange called Everybody’s Bitcoin on Friday. The acquisition appears to be costing the firm 265 million yen, or $2.4 million, when it goes through on Oct. 1. Explaining the move, Rakuten said it believes “the role of cryptocurrency-based payments in e-commerce, offline Read more …

Markets and Prices The field of sentiment analysis (SA) is evolving rapidly. Since news.Bitcoin.com last covered the subject in May, two new platforms have emerged, each claiming to offer smarter tools to facilitate more informed trading. Gathering accurate sentiment from the web and then using it to create actionable insights is a complex task, but the developers behind Predicoin and Augmento are confident they’ve made a breakthrough.  Also read: Sentiment Analysis Is the Best Trading Tool You’re Not Using Mining Read more …

Markets are still flat on Friday; Monero, Nano, Dogecoin and Waltonchain rising. Yesterday’s market correction did not accelerate which is good news this Friday in crypto land. Markets have remained stable but are still below $230 billion, many cryptos have not moved over the past 24 hours but a couple of altcoins are lifting off again today. Bitcoin has remained below $7,000, but only just. It is currently trading at yesterday’s level of $6,980 though the short term uptrend is Read more …

Key Points Bitcoin price extended downside correction and tested the key support at $6,775 against the US Dollar. This week’s followed major bullish trend line was breached with support at $6,930 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair bounced back sharply after testing $6,775 and it could revisit the recent high in the near term. Bitcoin price decline was contained by $6,775 against the US Dollar. BTC/USD is still in a positive zone Read more …

BitPay merchants can now receive settlement payments in Bitcoin Cash, making it the second digital currency settlement option for merchants on the platform. For merchants to receive their settlement in Bitcoin Cash, they will need a wallet address that can receive BCH or they can use the in-built wallet on BitPay. Bitcoin Cash was added to the platform earlier this year, which allowed merchants receive BCH payments from customers via its POS app. Until now, merchants had to convert their Read more …

Messaging giant LINE has become one of the first publicly traded companies to have launched a proprietary blockchain mainnet with its own cryptocurrency. Revealed in an announcement Friday, the firm said that the genesis block of its LINK Chain was produced on Aug. 23. The messaging giant now aims to gradually issue a total of 1 billion of the network’s LINK tokens, of which 800 million will be distributed to public users while the rest will be held as a company Read more …

Key Highlights ADA price corrected lower after trading as high as $0.1089 against the US Dollar (tethered). There was a break below a connecting bullish trend line with support near $0.1030 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair tested the $0.0950 support area where buyers protected further declines. Cardano price failed to hold gains and corrected lower against the US Dollar and Bitcoin. ADA/USD could move higher, but it is likely to face Read more …