Month: February 2019

Bitcoin is inherently a cypherpunk, anti-establishment movement. From day one, this whole movement around Satoshi Nakamoto’s vision of digital money has been single-handedly pushed by the zany, outcasts, and decentralists that push their beliefs with a religious fervor. The fact that Satoshi didn’t divulge his, her, or their true identity, along with an analysis of the vernacular that the creator enlisted, only highlights the fact that Bitcoin isn’t meant to conform with legacy systems. Yet, since 2008, when Satoshi quietly Read more …

Micropayments startup SatoshiPay has partnered with Europe’s largest digital publishing house, Axel Springer SE, to process blockchain payments for its content globally. The U.K.-based startup announced Thursday that consumers of the Berlin-headquartered firm’s content can pay using SatoshiPay’s wallet, which is built based on Stellar blockchain technology. Axel Springer owns titles including Business Insider, Die Welt and Rolling Stone (German edition). SatoshiPay said that, as of Jan. 31, its wallet will be integrated into Axel Springer’s online products and will work without any Read more …

South Korea’s conservative political party, the Liberty Korea Party (LKP), has declared their aim to use blockchain technology in four major areas, according to an official announcement published on Jan. 31 . The LKP, previously known as the Saenuri Party, is currently the second-largest party within the South Korean national legislature, occupying more than one third of the 20th National Assembly seats. As of 2015, the LKP includes more than 3 million members. The party intends to enter a new Read more …

Estonia’s e-Residency program allows location-independent non-citizens and firms to access services such as banking digitally. Cryptocurrency firms have particularly embraced the program warmly with around 600 of them estimated to be registered there currently. Consequently, the Estonian central bank deputy governor, Madis Muller, says the program poses a money-laundering risk In quotes reported by Reuters, the central bank chief stated: There is a money laundering risk with cryptocurrency operators. We have made it too easy for these crypto operators now. Read more …

Intitutional interest in bitcoin soared in Q4 of 2018, particularly for short-selling, Genesis Trading revealed in their latest report. Q4 Bitcoin Loan Demand Increased Over 100% Genesis Capital, an affiliate of Genesis Trading, offers institutions access to the ability to borrow bitcoin 00 and other digital currencies in “large sizes” over fixed terms. In other words, the vehicle designed with institutions and large volumes in mind, enables prospective speculators to loan bitcoin or other digital assets in exchange for USD Read more …

Ethereum startup Aragon is considering building a second network on the blockchain interoperability protocol known as Polkadot. While the firm stressed that it still intends to launch the Aragon Network on the ethereum blockchain this year, CTO Jorge Izquierdo revealed at its Aracon conference this week that it may additionally launch aragonOS, a framework to build smart contracts, on Polkadot. “The idea is to make most aragonOS transactions almost free and very optimized, so users can seamlessly run [decentralized autonomous organizations] Read more …

Crypto’s most fervent crusaders have sought to keep their heads up in this drastic, bone-crushing bear market. While optimism has often taken the form of the “institutional herd is coming” narrative, a number of Bitcoin (BTC) natives have begun to revisit the asset’s underlying value proposition. And no, in their eyes, BTC isn’t digital cash. Instead, the flagship cryptocurrency has quickly taken up the mantle of being a digital form of gold, rather than digital cash through and through. Max Read more …

Tech Startup Reveals Details Regarding Previous Attacks, Releases Various Updates U.S.-based tech company Bitfi witnessed scrutiny following the launch of its hardware wallet and bounty program. After being implicated in a dispute on social media where several hackers and security professionals claimed they hacked the Bitfi wallet, the company has shed light into the event and has released a new model DMA-2. These security professionals discovered a vulnerability wherein the private key remained in memory for some time which was Read more …

A Bloomberg article published today, Feb. 1, suggests that proof-of-stake (PoS) token investors have a unique option to survive the protracted crypto market slump: staking their holdings. In blockchains that use a PoS system — as opposed to proof-of-work (PoW) — nodes in the network engage in validating blocks, rather than mining them.  A deterministic algorithm selects block validators based on the number of tokens a given node has staked in their wallet — i.e. deposited as collateral in order Read more …

A substantial Ripple rally fizzled as the asset’s value fell as much as 12% from its weekly high. The XRP-to-USD exchange rate (XRP/USD) dropped to an intraday low at 0.3003 this Friday. Earlier yesterday, the pair had established a new weekly high at 0.3429 owing to global banking giant Swift’s announcement of integrating R3 Corda, which supports XRP as its native token. Traders treated the event as the sign of the next bull wave. The price surged impressively but found Read more …

The Daily The Daily curates stories from the eclectic and often bizarre world of Bitcoin. Today’s roundup demonstrates just how varied that world can be, taking in Bitcoin carnivory, decentralized apps, and a new price comparison tool for token traders. We begin in Canada though, with confirmation that Quadrigacx exchange has bitten the dust. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations Last October Canadian Exchange Searches for Lost Cold Wallets Troubled Canadian exchange Quadrigacx, which ceased trading this Read more …

View Bitcoin registered losses for a record sixth straight month in January, reinforcing the bearish view put forward by the moving average studies on the monthly chart. As a result, a re-test of December lows near $3,100 could be on the cards. The odds of a sustained rise to $4,000 would improve if the 200-week moving average at $3,298 serves as strong support and ends up pushing prices above $3,658 (high of last Saturday’s gravestone doji candle). Bitcoin’s price fell Read more …