Year: 2019

Danish state-owned energy company Energinet has expanded its partnership with distributed ledger network Iota to investigate use of its technology in new areas, Iota revealed in blog post Jan. 30. Energinet, which is an independent enterprise under Denmark’s Climate and Energy Ministry, wants to examine how it could leverage Iota’s Tangle technology in the energy and Internet of Things (IoT) markets. The two entities have worked together on a data marketplace initiative since late 2017, a larger project involving other Read more …

Almost all of roughly $11 million-worth of iota tokens alleged to have been stolen by an individual from Oxford, UK, have been found. IOTA co-founder and board co-chairman Dominik Schiener told Reuters that the funds are currently being held as evidence in a police investigation. As reported on Jan. 24, a Europol-coordinated effort involving British and German law enforcement agencies arrested a 36-year old man suspected of stealing $11.4 million in iota from at least 85 victims worldwide since last January. Read more …

Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $3.42 billion, up from the $3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from Read more …

During the big crypto rush of late 2017 driving factors were primarily based on fomo and speculation. The following year was a different story as the selloff gathered momentum and inexperienced traders ran for the hills. The serious players stayed in the game and they don’t come much bigger than Nasdaq which is now working with seven different crypto exchanges. Volume Manipulation a Concern Nasdaq’s proprietary surveillance technology is available to those that can foot the hefty bill for it Read more …

Blockchain payments network Ripple announced it had hired a former HSBC general counsel to oversee its legal services and compliance, in a press release Jan. 30. Ripple, which has not had a general counsel of its own since September last year, will draw on Stuart Alderoty’s expertise as it navigates the legal territory associated with its operations, including those involving associated cryptocurrency XRP. The appointment comes at a crucial time for Ripple, which is facing a consolidated consumer lawsuit over Read more …

The ongoing political turmoil in Venezuela continues to intrigue Bitcoin figures, following the Bank of England blocking access to the country’s gold reserves in favor of US-backed interim president Juan Guaidó.  Keiser Champions ‘Unconfiscatable’ Bitcoin Venezuela, whose citizens have begun turning to Bitcoin en masse in the face of million-percent inflation, capital, and migration controls, appears to be on the cusp of regime change. Guaidó, who has said he is now the country’s president, has faced multiple challenges to his authority Read more …

Regulation The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies. The suggestions include avoiding prohibition, taking a balanced approach, options for licensing, and self-regulation for the industry. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Suggestions for Crypto Regulation The Indian government invited lawyers from Nishith Desai Associates to present their Read more …

$1.7 billion was stolen from cryptocurrency exchanges, custodial services, and in ICO exit scams in 2018. That’s a dramatic rise from the year before, despite the shrinking market. And according to the Q4 CipherTrace Cryptocurrency Anti-Money Laundering Report, that money needs to be laundered. But here’s the kicker: with a global wave of regulations going into effect later this year, laundering cryptos will be increasingly harder to do. CCN caught up with Dave Jevans, CEO of CipherTrace and co-chair of Read more …

Crypto markets climb slowly higher, XRP surging, Bitcoin Cash and IOTA doing well, Tron and NEM fall back. Crypto markets have continued a slow recovery process again today but one or two of the majors are showing a little more momentum. Total market capitalization has nudged above $115 billion but progress is far slower going up than it was coming down. Bitcoin is stuck at its new resistance level of $3,500 and it cannot overcome it. It has climbed about Read more …

Bitcoin price started a short term rebound and broke the $3,400 resistance level against the US Dollar. This week’s followed major bearish trend line was breached with resistance at $3,440 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is now approaching a few important resistances, including $3,475, $3,500 and $3,516. Bitcoin price recovered nicely from the $3,340 swing low against the US Dollar. However, BTC price is still below a few key hurdles near Read more …

The total crypto market cap rebounded nicely and tested the $114.00B resistance level. Bitcoin cash is up more than 7% and it broke the $115 and $116 resistance levels. EOS price is gaining momentum and it could test the $2.40 resistance level. Stellar (XLM) is correcting higher, with resistances near the $0.0900 and $0.0940 levels. Tron (TRX) is currently flat above the $0.0270 support level, with range moves. The crypto market started a solid rebound from lows. Bitcoin (BTC), BCH, Read more …

Ripple price rallied recently and broke the $0.3000, $0.3150 and $0.3250 resistances against the US dollar. There was a break above two bearish trend lines with resistance near $0.2920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair traded above the $0.3320 level and it is currently correcting gains towards the $0.3210 support. Ripple price jumped back sharply in the bullish zone against the US Dollar and Bitcoin. XRP/USD is trading with a positive bias Read more …