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Mario Draghi, president of the European Central Bank, has said it’s not his institution’s job to regulate cryptocurrencies. As part of the ECB’s #AskDraghi video series, the former Italian central banker said he has seen many users on Twitter ask if the ECB would regulate or even ban bitcoin. In response, he said: “It’s not the ECB’s responsibility to do that.” Draghi also discussed whether he would recommend purchasing bitcoin in response to a question from a college student. He Read more …

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Looking at the Bitcoin graph, and that of the stock market, including the Dow Jones and the S&P 500, you may have noted an interesting similarity. The stock market was growing to new heights rapidly, with even Donald Trump tweeting how it had risen 20 percent since his election. A little before these heights, Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. A team of Microsoft blockchain researchers has concluded that on-chain scaling — a method employed by Bitcoin Cash and other cryptocurrencies — is antithetical to decentralization and will not provide a network with the ability to operate at “world-scale.” On-Chain Scaling Not Compatible with Decentralization: Microsoft For the past year, Microsoft researchers have explored how blockchain and other distributed ledger technologies (DLT) can be leveraged to create Read more …

TEND, an ethereum-powered marketplace for sharing “tokenized” luxury goods, has partnered with a Porsche dealer based in Switzerland’s “Crypto Valley” to put a sports car on a blockchain. The startup’s founder, Marco Abele, who previously served as chief digital officer for Credit Suisse, told CoinDesk that TEND is collaborating with Porsche Zentrum Zug in order to offer a 1956 Porsche Speedster 365A as the app’s first tokenized car. The luxury car will be split up into token-based shares to be registered and Read more …

On Friday, February 9, 2018, Italian cryptocurrency exchange BitGrail announced that “internal checks revealed unauthorized transactions which led to a 17 million Nano [XRB] shortfall, an amount forming part of the wallet managed by BitGrail.” The shortfall when reported was allegedly worth $170 million and has presumably rendered BitGrail insolvent, despite the fact that the other wallets and currencies that the exchange has were purportedly untouched. The 9:30 p.m. UTC announcement by the Florence-based exchange gives some cause for circumspection. Read more …

Renowned scientist Stephen Hawking recently called for a concerted effort to launch humans into space saying: “To leave Earth demands a concerted global approach, everyone should join in. We need to rekindle the excitement of the early days of space travel in the ‘60s.” While NASA and Tesla are already well established in the game, Space Decentral, founded by international Space Cooperative, is staking its claim in outer space and all that’s in it. Using the latest blockchain technology to Read more …

Cointelegraph talked to Francesco Firano, CEO of BitGrail, the Italian exchange apparently hit by a cyber attack that would have caused the loss of a considerable amount of Nano tokens (formerly known as Raiblocks). BitGrail froze trading on Thursday, Feb. 8. The exchange stated that 17 mln Nano had been stolen in the hack, an amount worth about $187 mln at the time the losses were discovered. The statements of the developers of Nano on the matter, mixed with the Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The cryptocurrency market recovery hit a wall on Tuesday, forcing the Bitcoin price back down to $8,500 and all major coins and tokens into decline as well. Source: CoinMarketCap There was no clear trigger for the pullback, which brought an end to the market’s longest rally since December. Altogether, the cryptocurrency market cap declined by $18 billion, representing a single-day decrease of about four percent. Bitcoin Price Read more …

South Korea is reportedly considering a technology-specific licensing scheme as part of it proposed regulation of cryptocurrency exchanges. According to BusinessKorea, a government official involved with a virtual currency task force said Sunday that such rules, which bear a similarity to New York’s controversial “BitLicense,” introduced in 2015, could be enacted or at least debated. The source said: “We are positively considering the adoption of an exchange approval system as the additional regulation on cryptocurrencies. We are most likely benchmark the model Read more …

The price of ETC, the native currency of the ethereum classic blockchain, is reporting double-digit gains Tuesday, a move that effectively recovers losses seen over the last two weeks. As of writing, ETC is changing hands at $31.70 on Bitfinex, having clocked a two-week high of $32.90 earlier in the day’s trading session. The cryptocurrency has appreciated by 20 percent in the last 24 hours, as per data source CoinMarketCap. Stepping back, the move effectively means ETC has come full Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. After removing a temporary freeze on withdrawals today, Japanese cryptocurrency exchange Coincheck said it has completed transfers worth 40.1 billion JPY ($372 million) in withdrawal requests by customers. Weeks after suffering the ignominy of being the victim of the world’s biggest cryptocurrency theft, ever, Coincheck has kept its promise to lift the temporary suspension on customers’ JPY funds by processing withdrawal transfers today. In an announcement today, Read more …