Category: Cryptocurrency News

Exchanges Following the announcement by South Korean crypto exchange Coinrail that it has been hacked, a local publication reported that some banks had identified suspicious transactions at the exchange and stopped providing services to company months before the incident. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Suspicious Transactions Detected South Korea’s seventh-largest cryptocurrency exchange, Coinrail, announced that it was hacked on Sunday, June 10, with the thieves targeting several altcoins. The damage is estimated to be around 45 Read more …

Week over week, Ripple tokens (XRP) prices are down 12 percent but surprisingly up two percent in the last 24 hours. In any case-unless of course we see rejection of XRP lower lows, these attempts of XRP higher highs are but technical short coverings. Check out those dismissive level of market participation which advice this skew. Anyhow, sellers seem to be in charge and bear manifestation would be there should we see breaks below 50 cents. Let’s have a look Read more …

Even though Trump and Kim have shaken hands, we are yet to see a slow down in Bitcoin prices which we all know anchors alt coin prices. In real sense, Bitcoin dominance stands at 38 percent and the general crypto cap is up to $309 billion but this is apparently not stopping sellers from eroding Litecoin, EOS and Tron valuation. In fact, Litecoin is trading below $110, a key support line while EOS is down testing $10, a sell trigger Read more …

A new organization called the Capital Markets and Technology Association (CMTA) has been formed in Switzerland in order to facilitate the use of blockchain technology in financial markets, according to a press release published June 12. The CMTA was established in Geneva by Swiss leader in online banking Swissquote, market software provider Temenos, and the country’s largest law firm Lenz & Staehelin. According to the press release, the CMTA will focus on creating open standards and toolkits that can be Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! Rating agencies may downgrade banks that clear bitcoin futures if these financial products continue to see increasing volumes over the coming months. Financial publication Risk.net reports that each of the three large rating agencies — Standard and Poor’s, Moody’s, and Fitch — have expressed concern over increasing volume in bitcoin futures markets, which are currently available on regulated US exchanges CME and CBOE. As Read more …

Felix Hufeld, President of the Federal Financial Supervisory Authority in Germany (BaFin), said the primary role of his regulatory authority is not individual investor protection, but the preservation of overall financial stability, Cointelegraph auf Deutsch reported today, June 12. While the role of BaFin is to protect consumers and maintain general financial market stability, Hufeld stated that it can only address systemic risks, and cannot protect every investor from “his fate.” Hufeld explained: “That’s why we warned ICOs last November, Read more …

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! BitTorrent Inc. has finally been acquired by Justin Sun, the founder of the Tron cryptocurrency. After a letter of intent went wrong, there were doubts the deal would go through. It all came to light last month when TorrentFreak first reported negotiations between BitTorrent — now renamed to Rainberry — and Justin Sun. At the time, no one really understood exactly what was happening, Read more …

News Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the benefits of cryptocurrencies and broadcasts every Saturday on Boston’s FM radio signal 104.9. Also Read: Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations Read more …

Wells Fargo has announced that it will begin to block all cryptocurrency purchases on credit cards under the Wells Fargo name. Wells Fargo Imposes Credit Card Restrictions Despite the ban, Wells Fargo has implied that the ban may only be temporary. To clear up the waters regarding this issue, Shelley Miller, a representative from the financial institution, said: “Wells Fargo will continue to evaluate the issue as the market evolves.” The aforementioned representative from Wells Fargo also said: “We’re doing this Read more …

Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the industry. According to Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate School of Information Security Professor Kim Hyung-jung said they hoped Read more …