Category: Cryptocurrency News

Ethereum rival smart contract protocol Tron recently announced that it would be working with established file sharing platform BitTorrent. The idea behind the partnership is to allow users to pay for an optimised service and other features using the newly created BitTorrent Tokens (BTT). Leading cryptocurrency exchange Binance has been working with Tron and BitTorrent to launch BTT and the speed with which the initial token sale round has sold out has those involved excited. However, one analyst believes that Read more …

This is the seventh instalment of reporter Colin Harper’s “Living on Bitcoin” experience in San Francisco. Find out what happened to him earlier on Day 1 , on Day 2 , on Day 3 , onDay 4, on Day 5 and on Day 6. I woke to the sound of thin but consistent rain against the sailboat. A gentle storm soon rolled in to softly rock the harbor’s rustbucket bedfellows, a few spurts of lightning distant and crackling across the Read more …

The BitTorrent token (BTT) sale on the Binance Launchpad platform concluded today Jan. 28, netting $7.1 million dollars with the sale of 50 billion tokens in under 15 minutes. Binance announced the conclusion of the sale in an official blog post. BitTorrent is a protocol for peer-to-peer file sharing, allowing users to distribute files such as music or videos over the internet. BTT is based on a Tron TRC-10 token, and will be used on the platform to “transact in computing Read more …

In December 2017, Venezuelan President Nicolas Maduro announced that the South American nation’s government was going to launch an oil-backed cryptocurrency called the Petro. Since then, the cryptocurrency’ actual existence has been questionable, but CCN recently got our hands on some tokens. Venezuela’s Petro Cryptocurrency Exists Ever since Maduro’s announcement, the Petro has been a controversial cryptocurrency. Maduro has claimed 100 million tokens were to be issued and has since made it an official alternate currency in the country. The Venezuelan leader Read more …

Many are predicting that 2019 will be the year Bitcoin’s Lightning Network sees massive growth and becomes a more common way to make bitcoin payments, and a new company based in England’s East Midlands hopes to help with that process.Today, FastBitcoins.com has announced the launch of its cash-based bitcoin exchange, which includes Lightning Network integration. With this new exchange, users will be able to avoid touching the blockchain when they decide to buy or sell bitcoin for cash.The new exchange Read more …

The day of reckoning has come for Huawei, as the U.S. Justice Department has unsealed a 13-count indictment against the world’s largest telecommunications equipment manager. Justice Department Charges Huawei The indictment alleges that Huawei, two affiliated companies, and its chief financial officer Meng Wanzhou committed fraud and conspiracy in connection with deals in Iran. Commerce Secretary Wilbur Ross stressed: These are law enforcement actions and are wholly separate from our trade negotiations with China. An indictment filed in Washington state accused the company of Read more …

Exchanges Centralized exchanges are a common security concern in the cryptocurrency ecosystem. As a single point of failure they can be strong-armed by governments, routinely targeted by hackers, or operators could pull an exit scam and elope with client funds. Despite these risks, they dominate cryptocurrency trading volumes. A new solution promises to enable trade to use centralized exchanges but without handing over control of coins to them. Also Read: Belarus’ Largest Bank May Establish a Cryptocurrency Exchange Not Your Read more …

A top equities analyst, drawing on his knowledge of the company’s suppliers, predicts “limited downside risks” for Apple’s share price. He follows Morgan Stanley’s sentiment last week that the worst could now be over for the tech giant’s stock. Ming-Chi Kuo Says Q2 iPhone Results Will Beat Expectations Ming-Chi Kuo is an analyst with TF International Securities. According to CNBC, he says there are now: Limited downside risks for Apple and iPhone suppliers’ share prices. He added that iPhone shipments Read more …

The bitcoin price on Monday depreciated as much as 4.74 percent against the US dollar after breaking out of its two-week long consolidation period. At 20:00 UTC on Coinbase, BTC/USD was trading at $3,415, down 3.31 percent from today’s opening rate. The pair confirmed a downside break of its near-term bearish pennant formation. As it did, it also broke below a crucial support level at $3,460, which had capped a strong downside action on November 25, 2018. Bitcoin’s Technical Outlook Read more …

Francesco Firano, the owner and founder of hacked Italian cryptocurrency exchange BitGrail, has been sentenced to return as much of the assets to his customers as possible. Scans of the court decision were released by the Bit Grail Victims Group (BGVG) on Medium on Jan. 28. The Italian Bankruptcy Court published the sentence on Jan. 21. A post by the BGVG published the same day as the court sentence explains that “the court concluded that both Bitgrail and Mr. Firano, Read more …

The U.S. Securities and Exchange Commission (SEC) announced Monday that a federal court in Florida had ordered Woodbridge Group of Companies LLC to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. Penalties are fines paid to the governing authorities, but disgorgements are court-ordered repayments of ill-gotten gains to the parties that have been defrauded. A Massive Disgorgement and Crushing Penalties In this case, the Woodbridge Group of Companies LLC and its 281 associated Read more …

Over the past couple of weeks, the crypto markets have experienced a persisting bout of sideways trading that didn’t allow for any major price action in the altcoin markets. Today, however, the typical crypto volatility returned in full force, sending most major altcoins and Bitcoin down significantly over the past 24-hour trading period. Today’s drop led most altcoins to break below their previously established support levels, which puts further losses in play in the near-term. Analysts: Ethereum Likely to Drop Read more …