Two Japanese men, a doctor from Hokkaido and an Osaka-based company exec, have been arrested for buying NEM digital currency coins connected to the infamous Coincheck hack. The breach led to an unprecedented loss of about $530 million worth of cryptocurrencies.
Category: Bitcoin
Bitcoin
Where Do Stolen Cryptocurrencies Go?
Major crypto trading platforms are hacked almost every other month, and the latest significant breach has led to Italian digital coin exchange Altsbit announcing its closure in May. Over 6.900 Bitcoin and 20 Ethereum coins were stolen on February 5. The anonymity provided by cryptocurrencies makes them an appealing asset for money launderers and cybercriminals, and a major hassle for the authorities.
What is an Altcoin and How to Create Your Own Altcoin for Your Cryptocurrency Business?
As cryptocurrencies are becoming increasingly popular in recent days. In addition to Bitcoins, Altcoins such as Ethereum, NEO, Litecoins, Dogecoins, etc have gained crucial importance. This has made most of the crypto enthusiasts to develop their own Altcoin of their desired preferences. This article describes the way in which you can create your own Altcoin in a hassle-free manner.
Bitcoin Exceeds $10k Barrier, Highest Rate Since October
The Bitcoin cryptocurrency crossed the $10,000 barrier, its highest rate since last October. News sources reported that Bitcoin recorded a rise of 2.6 percent yesterday to reach $10,000, achieving an increase of about 40 percent so far this year. Bitcoin has recorded a rise of 1.2% since 5:00 PM on Friday (EST), to reach $9,863 at 12:00 in New York, according to the cryptocurrency trading platform (Bitstamp), based in Luxembourg.
Crypto Debit Card Targets Generation Z with a Promise of Financial Freedom
Modern-day teens receive news from video sharing websites and share thoughts on social networking platforms. According to a study, most of them have Smartphones and they spend more than 4 hours on them daily enjoying games, chatting with friends and doing other things that they like. They are a generation that can never get satisfied with analog items like paper money. They require digital money and for this to be possible, a cryptocurrency platform named Bitsa has started offering a debit card which is topped up with BCH (bitcoin cash) and other cryptos like ZEC, DASH, XRP, LTC, and BTC. Bitsa Young is the Visa however it is not connected to the traditional bank account. Instead, it gets ordered and loaded using a mobile application.
Who Offers Security Token Offering Services in Singapore?
Security Token Offering is the secondary Crowdfunding feature which is becoming increasingly popular in 2020. Since they are proved to bring in the right set of funds & profits for both the investors and startups across the globe!
In particular, Security Token Offerings have their own set of regulations for every set of countries. In order to resolve the spam issues, Security Token Offering has come up with regulations across the globe.
If you are one such person looking to get started with launching your own Security Token Offering in Singapore, this blog provides you with the top 5 solution providers in the crypto market.
Google Banishes Bitcoin Game from Play Store
The Google Play Store has blocked Bitcoin Blast, a gaming app that allows users to convert points to Bitcoin (BTC). The search giant has yet to provide specific reasons for the removal. The latest move is just one in a long line of Google censorship actions against the cryptocurrency industry.
US Presidential Candidate Andrew Yang Intends to Help Crypto Assets
Andrew Yang is a lawyer, investor and philanthropist, who is running for President to be the Democratic Party nominee. In an interview with Bloomberg on January 29 regarding political issues, he made his intentions known that crypto assets need a standard or uniform rules and guidelines for proper regulation.
How Blockchain is Changing Media and Entertainment?
Blockchain in media and entertainment? Wait, wasn’t it associated with cryptocurrencies such as bitcoin? Yes, but it has much more potential than we believe. In the media and entertainment industry, it can assist with not just content, but protect and monetize intellectual property.
Let’s go back and have a brief overview of blockchain. It’s the type of data structure that can create a digital ledger of transactions. This ledger can be shared among a distributed network of computers. The platforms built on blockchain can record and distribute and unchallengeable version of the truth to multiple parties. This could be useful in improving the effectiveness of the value chain in the industry.
Are Keyless Solutions the Answer to Compromised Private Keys?
The crypto world is the wild west of the financial industry. Its history is checkered with implausibly audacious heists, some leading to billions of dollars in losses. The immutable blockchain technology that powers crypto networks lacks centralized control and regulations, and hackers strive to take advantage of this inherent loophole.
Hackers are Embedding Crypto Mining Malware in Music Files
Hackers are using advanced obfuscation techniques to embed malware in music files. According to Cylance, strains of malware have been found embedded in WAV audio files. They appear uncorrupted and play just fine, although some generate static noise.
Once the files are downloaded or opened, malicious code containing the XMRig Monero CPU miner is executed. The malware is reported to consist of two main components, a Least Significant Bit (LSB) stenography code, and decoders to execute the worm.
Facebook Libra Project Losing Its Grandeur?
MasterCard, Visa, eBay, Mercado Pago, and Stripe have pulled out of the Libra Association. The news comes barely a week after PayPal announced that it would forgo participation. The Libra panel was initially made up of 28 companies, each set to control a network node.
Increased regulatory scrutiny has dogged the Libra project since its inception and so the future of the project seems bleak at the moment. U.S. regulators, in particular, fear that Facebook will become too powerful if allowed to handle user funds across the world. There is also trepidation among major economies such as India which are looking to ban cryptocurrencies altogether. At the heart of Libra woes lie major data privacy concerns.
Operation Bernhart – Is Cryptocurrency an Evolved Version for Intelligence Services?
In 1939, Operation Bernhard was a Nazi Germany project to forge British banknotes, counterfeit currencies. Originally, the project was dubbed “Andreas”. A the time the British pound was the reserve currency and was used as a main international payment method.
Nazi Germany needed forged currency to purchase raw materials for their defense industries. Counterfeiting currency was designed to solve German financial issues during World War II and also destabilize the economies of the nations they dubbed as enemies. Additionally, financing of espionage requires the use of foreign currencies. The challenge for the Nazis was to reproduce an identical paper for the banknotes and the watermark matrix. At the time, the task was given to professional counterfeiters, who were serving prison sentences. The process took close to 7 months.
Paper and Plastic: Two Sides of the Cashless Debate
Recently, a number of states in the US brought in legislation to prevent the rise of so-called ‘cash-free stores’ which only accept digital payments. Some see that denying payments in cash is a form of discrimination against people with lower incomes. This is but one more episode in an ongoing debate over the possible future of our economy. Under consideration is the discontinuation of cash as a means of exchange. Should we double down on our race towards digital dependency?
Stablecoins: Types and Benefits
Currently, governments, businesses and corporations depend on centralization when it comes to technology solutions. The centralized approach to manage the digital solution is not wrong, but blockchain technology can offer a way to create an accountable and transparent system. Decentralization is aimed at creating a trustless and fair ecosystem across different industries.
2 of the Best Online Freelance Gig Markets for the Future
The best paying gigs often require a highly specialized field of expertise in a robust growth industry. A high skill level requirement often reduces the number of direct competitors. The high level of robust growth means lots of job opportunities. Thus through supply and demand (remember economics 101 and the laws of the invisible hand by Adam Smith?) these factors work together to create an outstanding future until the number of high level professionals grows to meet demand, or the market growth slows down significantly, to a level that allows professional support to keep up. If your new in the computer field and at the beginning a new freelance gig career these to not only look good today, but the long tern position of these industries look to be longer than most carriers last.
Is Blockchain Technology A Sign Of A Secure Future?
The Global Blockchain Market is estimated to perform well and is expected expand at a CAGR of around 70% over the forecast period i.e. (2017-2024). The blockchain works on the principle of decentralization and distribution and is popular owing to its ability to record all transactions without the requirement of a financial intermediary, which in some cases may be a bank. The global market is segmented on the lines of type, end user, applications and region
Best Blockchain / Cryptocurrency Freelance Global Gig Marketplace Growth
Freelance Global Gig Marketplace {FGG} will be opening soon in a category for Blockchain / Cryptocurrency, allowing small and medium sized businesses access to high levels of specialized services and/or support from blockchain and cryptocurrency experts at a reduced overall cost. If you can provided blockchain services in a gig format, we would like to grow with you. Let us support your work, especially if you can contribute to any of these key blockchain markets:
- Blockchain Engineering
- Blockchain Developer
- Blockchain Software Engineering
- Blockchain Analyst
- Blockchain Media Relations
- Blockchain Backend expert
- And more…
COIN360: An Interactive Crypto Market Tracker
Many sites track data on the crypto market. However, most of these sites are usually dull and they often contain too many charts, percentages, and numbers, which can be quite confusing for newbies. This is a major reason why the COIN360 decided to create their platform. The site is more intuitive and it is quite easy to use to comprehend data on the crypto market.
Top Decentralized Exchanges to Watch in 2019
As most of them have tried with Centralized Exchanges like Coinbase, Binance, and looking to branch out further? If you’re one such person, this article is a must-read for you.
You can go with creating and launching Decentralized Exchanges (DEX) which are the new crypto future. Decentralized Exchanges are the crypto trading platforms that perform transactions anonymously or without a central authority. The major motto of launching DEX is to get rid of unwanted fraudulent activities from third-party services.
Is Bitcoin Back? Market Shows Tremendous Growth
Bitcoin has seen tremendous growth so far this year. Year to date, BTC is experiencing +169% with a current price of $10,123. We have recently seen a sell-off in Bitcoin which we will explain in the report below. Despite BTC showing strong growth this year, most of the growth occurred in the beginning of the year. We can see that by tracking the following metrics. We can see as the duration decreases, Bitcoin has slowed down in terms up upward momentum.
UK FCA Hints At XRP Potentially Being An Exchange Utility Token Hybrid, Non Security
As the cryptocurrency space continues to expand, regulators are also expanding their powers and beginning to crack down. Many regulators are starting to understand the widespread adoption that’s occurring in cryptocurrency and Blockchain. Along with companies such as Samsung expanding into the crypto space, we are also aware of Facebook’s plan to introduce cryptocurrency to 1+ billion users globally. When any sort of technology evolves to the masses, the regulatory industry will surely be involved.
Bitcoin Reverses Sentiment From 2018 – Outperforming Markets in 2019
Bitcoin has been in the news frequently in 2019 as its showed much promise. The emerging asset class came off a brutal year in 2018 and some called it the end to Bitcoins future. With the Bitcoin community being so large, this price action did not faze many people who still believed in the long-term value of Bitcoin. Industry followers and enthusiasts continued to label Bitcoin as “undervalued” and price deflating due to short-term news developments and uncertainties. In less than a year, Bitcoin fell from $19,783 in December 2017 to $5,500 in November 2018. After much scrutiny, Bitcoin was able to recover in what some are calling the “strongest recovery in market history.” The sell-off last year was hard to swallow, but many who were “dollar cost averaging” on the way down have done extremely well this year. Some of the developments that pushed down Bitcoin were:
The Beginner’s Guide to Investing in Bitcoin” (including $10 free Bitcoin as you get started)
Are you ready to dip your toe into the world of Crypto? If so, you’re not alone! Google searches for “Bitcoin” are on the rise, as is the Cryptocurrency itself. $100 invested at the start of the year would now be worth over $250!
So, how to get started? The good news is, there’s a wealth of great articles online that’ll teach you all the theory. But nothing replaces first-hand experience. This Beginner’s Guide cuts through all the jargon and complex trading techniques, to get you making your first confident Crypto trades as soon as possible. Along the way, you’ll have fun, hopefully make a small profit (including $10 free Bitcoin as you get started), and lay the foundation, should you wish, to become a serious cryptocurrency investor!
Libra Cryptocurrency Could Be the Ultimate Winner – Bitcoin and Ethereum Have Deffects
Blockchain backed by Facebook and other big companies wants to be more reliable and mainstream than established cryptocurrencies. From technical points to governance, here is what Libra cryptocurrency proposes:
Libra cryptocurrency marks a milestone in the history of cryptocurrency: never before has such a currency been designed and supported, not by one, but by 28 companies, many of which are world-renowned. In a world fraught with frauds, bugs, and cyber fraud, some could see Libra as the first final “frequentable” cryptocurrency. It is true that it is built around stability as a mantra, even if it means sacrificing this decentralization that made the eyes of blockchain activists shine.
Facebook Removes Ban on Crypto and Blockchain Ads
After one year of placing restrictions, Facebook decided to remove the ban on cryptocurrency and blockchain based ads.
In January, 2018 the social media firm Facebook decided that the ads involving blockchain technology, Educational information, industry news and event that are related to cryptocurrency must have prior written approval before displaying ads.
The Bitcoin Rally Up 132% Year-to-date. Why?
With the launch of several new products, Bitcoin future contacts hit a new high in future volumes. This is the same Bitcoin that in November of 2018 had us asking Where is the Bitcoin Bottom?
Even though on a technical basis it appeared ready for a bounce, the news for Bitcoin has just been getting better as more and more large American companies become involved.
Here are some reasons why Bitcoin is having a great 2019:
Litecoin and XRP Lists on Germany’s 2nd Biggest Stock Exchange
Börse Stuttgart, Germany’s second biggest stock exchange and the 9th largest in Europe, has sanctioned two new ETNs (Exchange-traded Notes)- Litecoin (LTC) and XRP. According to a company press release, this is the first kind of announcement in Germany.
Börse Stuttgart has declared that like ETFs, ETNs are also strictly regulated, a transparent and protected instrument that can be used by an investor to invest in different assets or they can buy or sell ETNs based on the cryptocurrencies Litecoin and Ripple.
Why Do You Need a Cryptocurrency Wallet?
Crypto wallets have become the need of the hour with a tremendous increase in the use of cryptocurrency on a global scale. These virtual wallets come to combat all the limitations of a conventional wallet by way of imparting more security to your money. Hire a professional crypto wallet developer now to help you build personalized crypto wallets to cater to specific trading needs.
Bitcoin Big Bounce
- The best-known cryptocurrency added nearly 20%, its best one-day return since 2017. In mid-morning trade bitcoin fetched $5,022.35, up 4.3% on the day and up more than 50% from its December 2018 low near $3,200.
Will Bitcoin Be Valued at Zero?
- Jeff Schumacher predicted Bitcoin going to zero and said that Bitcoin as a currency was not based on anything, but added that he liked the technology behind it adding “if it became the standard currency and because of the Proof-of-Work model that it sits on; if it got to be the gold standard… if Bitcoin was pegged against gold standard which is about seven trillion-ish dollars it would be responsible for 20% of the world’s co2 production. So just by that alone tells you it’s not it’s not gonna be the go-forward thing, at least for my view.” Glenn Hutchins said that he agreed partly with Jeff Schumacher and said that Bitcoin will not be the major coin in the industry.
Blockchain App Factory Adds Margin Trade and Perpetual Swap Contracts to its Whitelabel Cryptocurrency Exchange
Blockchain App Factory, is a leading cryptocurrency exchange development company, added features to its trading platform; margin trading and perpetual swap contracts. There has been a massive push by institutional investors to introduce futures trading for bitcoin and other cryptocurrencies.
“The Regulatory Bodies are sceptical about margin and futures trading with Bitcoin. However, with perpetual swap contracts, we might be able to bring the stability the authorities are looking for to declare Bitcoin as an asset for trade,” said the spokesperson for Blockchain App Factory.
Margin trading is a highly lucrative and risky trade practice due to the presence of lending companies. Lenders provide leverage for traders to invest in cryptocurrencies, and lenders are benefitting from the interest. Exchanges can integrate their lending partners, thereby, creating a win-win for the exchange and the investors.
Bitcoin 10th Anniversary – Do Cryptocurrencies go higher? Blockchain jobs seeing robust growth !
- Apple Co-founder gives his insight about Bitcoin [BTC] and Ethereum [ETH] and the underlying technology. Blockchain is branching out into developing applications that are changing the way people think and apply it, from the ground up, which is what the internet did in the 90s.
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