Month: May 2019

HTC, the Taiwan-based smartphone maker, is planning to release another blockchain handset, after its first model, the Exodus 1, has achieved some success since its launch. Second generation As reported by local news outlet Taiwan News, the launch, which is scheduled for the second half of the year, is aimed at increasing the Taiwanese company’s presence in the global blockchain market. The move was announced by HTC’s decentralised chief officer Phil Chen during a speech at an investment trend forum Read more …

By CCN.com: Even as the bearish conditions in the crypto markets persisted in this year’s first quarter, bad actors in the sector continued to thrive. According to cybersecurity firm CipherTrace, during the first quarter of the year, the amount that bad actors generated from stealing from bitcoin exchanges and operating cryptocurrrency scams reached $1.2 billion in this year’s first quarter, as initially reported by Reuters. Cryptocurrency thefts, fraud hit $1.2 billion in first quarter: report #Cryptocurrency thefts alone reached $356 Read more …

Advanced Micro Devices (AMD), a U.S based computer chip maker has recently made it known that it has exceeded the benchmark and expectations set by the “financial experts” regarding its earnings. 2018 Was Rough for AMD and Most Chip Makers The road to this achievement has not been an easy one for the chip maker. The company previously saw volatility in its performance and an overall challenging 2018 market conditions. Despite this, the firm posted an adjusted share price of Read more …

Australia’s main opposition party would inject $3 million AUD ($2.1 million) into blockchain technology should it win next month’s federal election, tech news magazine ZDNet reported on May 1. Under plans previously outlined as part of its election pledges, the Australian Labor Party said it would divert the funds to set up a dedicated Blockchain Academy in the western city of Perth. “The Liberal government has failed to tackle major tech skills shortages that are holding back Australian businesses,” the Read more …

By many measures, the past few months have been absolutely monumental for the crypto. Facebook, Samsung, HTC, among other technology giants have doubled-down on blockchain. Fidelity and E*Trade are both rumored to soon be offering spot Bitcoin (BTC) trading, as Nasdaq and the Intercontinental Exchange (through Bakkt) look to launch cryptocurrency futures. And big names in venture capital continue to throw their weight behind the industry. Related Reading: BKCM CEO: Crypto Winter Coming to an End As Bitcoin Fundamentals Turn Read more …

Cryptocurrency data provider CoinMarketCap is working with major exchanges on an initiative aimed to make price data more transparent. The effort sees the firms forming a new alliance, dubbed the Data Accountability & Transparency Alliance (DATA), that will discuss ways to tackle concerns over cryptocurrency data reporting in its current state, CoinMarketCap announced Wednesday. Led by CoinMarketCap, the alliance has notable members at launch including the cryptocurrency exchanges Binance, Bittrex, OKEx, Huobi, Liquid, Upbit, KuCoin, HitBTC and Bitfinex, which will provide Read more …

By CCN.com: The Dow Jones Industrial Average looks set to open in positive territory on Wednesday after a strong earnings report at Apple last night. Dow futures are up 81 points (0.3 percent), putting the DJIA in touching distance of its record high of 26,828. Despite a crushing 17 percent fall in iPhone revenue, Apple beat Wall Street estimates with a record-breaking quarter in its services department. Tim Cook also announced a $75 billion share buy buy-back program. Apple stock Read more …

The Indian government has engaged in numerous crypto-related initiatives and projects while actively drafting the regulatory framework for cryptocurrencies. Below are 11 crypto-specific initiatives that the government has been involved in. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request Committee to Draft Crypto Law An interministerial committee under the chairmanship of Subhash Chandra Garg, Secretary of the Department of Economic Affairs, has been constituted to draft the regulatory framework for cryptocurrencies. Included on the committee are representatives Read more …

Amazon Web Services (AWS), owned Managed Blockchain service is now available for a wider usage amongst enterprise clients. AWS’ Managed Blockchain service Now Has Major Clients The Managed Blockchain service which was launched in November 2018 is now been used by major enterprise players like clients, AT&T, Nestle, and Accenture. The e-commerce giant’s cloud computing arm is designed to allow clients to develop and manage blockchain network easily making use of open-source frameworks like Hyperledger Fabric. It is also well Read more …

View Bitcoin activated twin bullish cues with a 28 percent gain in April: a falling channel breakout on the monthly chart and a close above the 21-month exponential moving average (EMA). Prices have again bounced from the historically strong 30-day moving average support, currently at $5,184. This, coupled with the bullish developments on the monthly chart indicates scope for a rally to $6,000 in the next few weeks. A UTC close below the 30-day MA at $5,184 would weaken the Read more …

The botnet attacking Electrum has grown to 152,000 infected computers and has now stolen $4.6 million in cryptocurrencies such as Bitcoin, according to Malwarebytes. Malwarebytes states that it has been “closely monitoring” the attack against the Electrum Bitcoin wallet. The company states how the botnet came to fruition, stating: “Victims were being tricked to download a fraudulent update that stole their cryptocurrencies,” explained Malwarebytes. Later on, the threat actors launched a Distributed Denial of Service (DDoS) attacks in response to Read more …

On Tuesday, the crypto asset market began to move higher, shocking many investors across the board. As of the time of writing this, Bitcoin (BTC) is trading at $5,380, posting a 2.81% gain in the past 24 hours. Most altcoins, like Ethereum, are up even further, with Litecoin flouting a hefty 7.26% 24-hour rally. Even Tether is looking green, with USDT posting a 0.5% gain. This strong move may seem normal and mundane out of context, but according to Fundstrat’s Read more …