Vietnam Inches Closer to Suspending Imports of Cryptocurrency Miners
Vietnam has moved a step closer to halting cryptocurrency miner imports, a local new source reported on Thursday.
According to Viet Nam News, State Bank of Vietnam (SBV), the country's central bank, has now agreed to a proposed plan to halt imports of the specialized mining devices since the country has already banned the use of cryptocurrency as a payment method.
The decision is a response to a proposal from the Ministry of Industry and Trade (MoIT) last month.
https://www.coindesk.com/vietnam-inches-closer-to-suspending-imports-of-cryptocurrency-miners/
Topic: ✷ News ✷ Analytics ✷ Analysis ✷ Forecasts - page 3. (Read 2256 times)
BitWinEx exchange guarantees asset price growth
On July 12, account registration began on the BitWinEx Exchange. BitWinEx’s key feature is that asset price growth is programmed into the system by an Ethereum smart contract
The cryptocurrency boom, when being involved in any token sale was a real adventure and almost every project multiplied your money many times over, has passed. Now expectations of quick profits have fallen, and the “investment game” has become a boring and responsible affair. To be a successful trader, you need to get involved in long projects, and analyze the market and monitor exchange rate fluctuations 24 hours a day. This has significantly diminished the cryptocurrency trading frenzy that existed in 2017.
Read more: https://zycrypto.com/bitwinex-exchange-guarantees-asset-price-growth/
Founder of $150 Indian Bitcoin Ponzi Offers Compensation to Victims
The mastermind behind the infamous bitcoin ponzi GainBitcoin has offered to compensate thousands of victims who incurred losses during the scheme which raked in an initial 1,000 crores in cryptocurrency (approx. $150 million).
Now under arrest, Amit Bhardwaj has been found out as the kingpin behind India’s biggest cryptocurrency scam. The founder of now-defunct bitcoin mining pool GBminers and the investment scheme, commonly known as ‘GainBitcoin ‘, has offered to repay investors their initial investments in Indian rupees according to local publication Factor Daily.
GainBitcoin began as a multi-level marketing (MLM) scheme in 2015 and amassed over 100,000 investors by its own admission, all of whom were promised monthly returns of 10% on their investment. When authorities caught on, Bhardwaj moved his base of operations to Dubai while continuing operations in India. He is alleged to have purchased multiple properties in Dubai including an office space at the Burj Khalifa tower – the world’s tallest building – according to an ongoing investigation into the sweeping scam. Authorities also discovered a number of companies in countries including Hong Kong, the British Virgin Islands, Estonia, Dubai and the United States registered by Bhardwaj.
https://www.ccn.com/founder-of-150-indian-bitcoin-ponzi-offers-compensation-to-victims/
The mastermind behind the infamous bitcoin ponzi GainBitcoin has offered to compensate thousands of victims who incurred losses during the scheme which raked in an initial 1,000 crores in cryptocurrency (approx. $150 million).
Now under arrest, Amit Bhardwaj has been found out as the kingpin behind India’s biggest cryptocurrency scam. The founder of now-defunct bitcoin mining pool GBminers and the investment scheme, commonly known as ‘GainBitcoin ‘, has offered to repay investors their initial investments in Indian rupees according to local publication Factor Daily.
GainBitcoin began as a multi-level marketing (MLM) scheme in 2015 and amassed over 100,000 investors by its own admission, all of whom were promised monthly returns of 10% on their investment. When authorities caught on, Bhardwaj moved his base of operations to Dubai while continuing operations in India. He is alleged to have purchased multiple properties in Dubai including an office space at the Burj Khalifa tower – the world’s tallest building – according to an ongoing investigation into the sweeping scam. Authorities also discovered a number of companies in countries including Hong Kong, the British Virgin Islands, Estonia, Dubai and the United States registered by Bhardwaj.
https://www.ccn.com/founder-of-150-indian-bitcoin-ponzi-offers-compensation-to-victims/
Exclusive: Binance, Neufund Back ‘World’s First Decentralized Stock Exchange’ in Malta
Another day, another crypto-forward development in Malta, as it backs its promise to become the world’s ‘blockchain island.’
CCN can exclusively reveal that Neufund, a German-based blockchain protocol for securities tokenization and issuance will be partnering with MSX, an innovation vehicle of the Malta Stock Exchange. MSX is also in partnership with Binance which claims to be the world’s largest cryptocurrency exchange by trading volume, with the scope for the creation of a regulated and decentralized global stock exchange.
Speaking exclusively to CCN, Parliamentary Secretary for Digital Innovation and Finance, Silvio Schmebri said that this announcement continues to confirm Malta’s progress in the blockchain and crypto spheres.
https://www.ccn.com/binance-to-partner-with-malta-stock-exchange-to-create-worlds-first-decentralized-stock-exchange/
Another day, another crypto-forward development in Malta, as it backs its promise to become the world’s ‘blockchain island.’
CCN can exclusively reveal that Neufund, a German-based blockchain protocol for securities tokenization and issuance will be partnering with MSX, an innovation vehicle of the Malta Stock Exchange. MSX is also in partnership with Binance which claims to be the world’s largest cryptocurrency exchange by trading volume, with the scope for the creation of a regulated and decentralized global stock exchange.
Speaking exclusively to CCN, Parliamentary Secretary for Digital Innovation and Finance, Silvio Schmebri said that this announcement continues to confirm Malta’s progress in the blockchain and crypto spheres.
https://www.ccn.com/binance-to-partner-with-malta-stock-exchange-to-create-worlds-first-decentralized-stock-exchange/
Kodak ICO Team Announces its Payments Solution Will be Hosted on Stellar
The project team behind the KodakOne ICO, Kodak’s own blockchain experiment which has been seeking to build a Digital Rights Management platform, has confirmed that it will be developing its payment solution on the Stellar platform.
Whilst the project’s ICO was conducted through use of an ERC-20 token – which will continue to serve as the project’s security token – Volker Brendel, Chief Information Officer, has confirmed on Linkedin that all payments for the upcoming platform’s services will be secured by Stellar.
Read more: https://www.icoexaminer.com/ico-news/kodak-ico-team-announces-its-payments-solution-will-be-hosted-on-stellar/
Government-Backed Blockchain Trade Platform Launches in Singapore
CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a port operator giant, has announced the launch of a blockchain platform focused on cross-border trade.
The company said in a statement that its fully-owned subsidiary GeTS revealed the service on Wednesday. Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network run and validated by invited nodes who are accredited trade compliance firms.
https://www.coindesk.com/government-backed-blockchain-trade-platform-launches-in-singapore/
CrimsonLogic, a Singapore-based e-government service provider owned by a government agency and a port operator giant, has announced the launch of a blockchain platform focused on cross-border trade.
The company said in a statement that its fully-owned subsidiary GeTS revealed the service on Wednesday. Dubbed GeTS Open Trade Blockchain, the platform is a permissioned network run and validated by invited nodes who are accredited trade compliance firms.
https://www.coindesk.com/government-backed-blockchain-trade-platform-launches-in-singapore/
“HITBTC is an Awful Exchange and Should be Avoided” Reddit User Cries Out
Cryptocurrency traders are quite familiar with the battle between famous cryptocurrency personality John McAfee and Hitbtc, the world’s 8th largest cryptocurrency exchange according to data from coinmarketcap.
However, after some weeks of making headlines on tabloids, the fuss and controversies around the Hong-Kong based Exchange seemed to have been curtailed, not until a recent outcry from a Reddit user.
Read more: https://zycrypto.com/hitbtc-is-an-awful-exchange-and-should-be-avoided-reddit-user-cries-out/
Steve Bannon says he owns bitcoin and is working on his own cryptocurrency Former advisor to President Trump Steve Bannon says he owns bitcoin and reiterated that he is working on his own cryptocurrency.
"I like bitcoin. I own bitcoin," Bannon said during a wide-ranging interview at the Delivering Alpha conference in New York, presented by CNBC and Institutional Investor.
"I like bitcoin. I own bitcoin," Bannon said during a wide-ranging interview at the Delivering Alpha conference in New York, presented by CNBC and Institutional Investor.
https://www.cnbc.com/2018/07/18/steve-bannon-says-he-owns-bitcoin-and-is-working-on-his-own-cryptocurr.html
Fed Chair: Cryptocurrencies Are 'Great' For Money Laundering
Jerome Powell, chairman of the U.S. Federal Reserve, had some harsh words for cryptocurrencies during an appearance before the U.S. Congress.
Speaking to the House Financial Services Committee, the head of U.S. central bank said Wednesday that cryptocurrencies have no "intrinsic value" and presented severe risks to investors, as CNBC reported. Part of his concerns seemingly stem from the apparent crypto bubble - he said that "relatively unsophisticated investors see the asset go up in price, and they think 'this is great, I'll buy this.' In fact, there is no promise of that."
https://www.coindesk.com/fed-chair-cryptocurrencies-are-great-for-money-laundering/
Jerome Powell, chairman of the U.S. Federal Reserve, had some harsh words for cryptocurrencies during an appearance before the U.S. Congress.
Speaking to the House Financial Services Committee, the head of U.S. central bank said Wednesday that cryptocurrencies have no "intrinsic value" and presented severe risks to investors, as CNBC reported. Part of his concerns seemingly stem from the apparent crypto bubble - he said that "relatively unsophisticated investors see the asset go up in price, and they think 'this is great, I'll buy this.' In fact, there is no promise of that."
https://www.coindesk.com/fed-chair-cryptocurrencies-are-great-for-money-laundering/
Should banks let people buy bitcoin with credit cards?
The fintech startup Abra's decision to let customers use credit cards to buy cryptocurrency — a move at odds with recent actions by Bank of America, JPMorgan Chase, Citigroup, Capital One and Discover — is again raising the question of whether the practice is too risky for financial institutions to allow.
The big banks made their move in February after a precipitous drop in the value of bitcoin, Ethereum, Ripple and Bitcoin Cash, worried that crypto buyers, some of them highly leveraged, would buy high and balk when the credit card bill came due and their currency was worth far less than its purchase price.
Read more: https://www.americanbanker.com/news/should-banks-let-people-buy-bitcoin-with-credit-cards
Steem Blockchain Hits 1 Million Accounts
Steem, a blockchain rewards platform that allows content publishers to monetize their work, announced today that the project has reached one million registered accounts. An update from the official Steemit blog confirms the one millionth registration on the blockchain, and shows even more impressive stats on transactions, user activity, and unique visitors.
Steem is exploding in popularity. Not only is the steemit.com blogging and social media platform drawing large numbers of visitors, but also other DApps (decentralized applications) that use the Steem blockchain, such as dtube, busy, and dlive.
https://www.ccn.com/major-milestone-steem-blockchain-hits-1-million-accounts/
Steem, a blockchain rewards platform that allows content publishers to monetize their work, announced today that the project has reached one million registered accounts. An update from the official Steemit blog confirms the one millionth registration on the blockchain, and shows even more impressive stats on transactions, user activity, and unique visitors.
Steem is exploding in popularity. Not only is the steemit.com blogging and social media platform drawing large numbers of visitors, but also other DApps (decentralized applications) that use the Steem blockchain, such as dtube, busy, and dlive.
https://www.ccn.com/major-milestone-steem-blockchain-hits-1-million-accounts/
Wow that's a great achievement compare to the number of months they have been in existence, I think they will do more marketing about the platform it will hit over 10M before the end of the year.
Fed chief Powell calls cryptocurrency investment a big risk July 18 (UPI) -- The chairman of the Federal Reserve referred to cryptocurrencies as risks with no intrinsic value on Wednesday at a congressional hearing.
In testimony to the House Financial Services Committee, Jerome H. Powell said currencies untethered to governments or precious metal, such as bitcoin, pose serious risks to investors.
In testimony to the House Financial Services Committee, Jerome H. Powell said currencies untethered to governments or precious metal, such as bitcoin, pose serious risks to investors.
https://www.upi.com/Top_News/US/2018/07/18/2491531937981/
Ethereum Client Parity Drops Wallet Tech in Major Upgrade
Parity, the ethereum software client, has announced some major changes, including the stripping away of its graphical user interface (GUI).
In effect, the changes mean that Parity's "wallet" – that is, its repository of private keys – does not now exist for general, non-technical consumers. All "installers and operating-system specific packages" have also been removed.
https://www.coindesk.com/ethereum-client-parity-drops-wallet-tech-in-major-upgrade/
Parity, the ethereum software client, has announced some major changes, including the stripping away of its graphical user interface (GUI).
In effect, the changes mean that Parity's "wallet" – that is, its repository of private keys – does not now exist for general, non-technical consumers. All "installers and operating-system specific packages" have also been removed.
https://www.coindesk.com/ethereum-client-parity-drops-wallet-tech-in-major-upgrade/
Schnorr On Its Way To Become Bitcoin’s Biggest Improvement Since SegWit Bitcoin is close to achieving a new improvement proposal. Known as Schnorr, this unique technology has been cataloged by several analysts as Bitcoin’s Biggest improvement Since SegWit.
Despite not having much hype during the early stages of its development, the slow but steady work of Pieter Wuille, an influential personality in the Bitcoin ecosystem, bore its first fruits a few days ago when he published a draft of his research, one that is not only viable but has been well received.
Despite not having much hype during the early stages of its development, the slow but steady work of Pieter Wuille, an influential personality in the Bitcoin ecosystem, bore its first fruits a few days ago when he published a draft of his research, one that is not only viable but has been well received.
https://ethereumworldnews.com/schnorr-bitcoin-improvemente-segwit/
Bitcoin Price Could Reach $40,000 Within Years: Billionaire Marc Lasry
Another billionaire has officially jumped on the bitcoin bandwagon.
The latest addition to the burgeoning group of bitcoin billionaires is Marc Lasry, the co-founder of Avenue Capital Group, an investment firm with $9.6 billion in assets under management.
Speaking with CNBC, Lasry — who is also a co-owner of the NBA’s Milwaukee Bucks — said that he believes the bitcoin price has the potential to reach $40,000 over the next several years as it becomes more mainstream and accessible to everyday investors. Early adopters, he predicts, could see a massive windfall in as short a time as three to five years.
“As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet,” Lasry said, adding that “the reason why I like bitcoin [as opposed to other cryptocurrencies] is because it’s the one everybody is going to come to.”
https://www.ccn.com/bitcoin-price-could-reach-40000-within-years-billionaire-marc-lasry/
Another billionaire has officially jumped on the bitcoin bandwagon.
The latest addition to the burgeoning group of bitcoin billionaires is Marc Lasry, the co-founder of Avenue Capital Group, an investment firm with $9.6 billion in assets under management.
Speaking with CNBC, Lasry — who is also a co-owner of the NBA’s Milwaukee Bucks — said that he believes the bitcoin price has the potential to reach $40,000 over the next several years as it becomes more mainstream and accessible to everyday investors. Early adopters, he predicts, could see a massive windfall in as short a time as three to five years.
“As it gets more into the mainstream, and as more markets end up allowing it to trade where it’s freely tradable, to me that’s more of the bet,” Lasry said, adding that “the reason why I like bitcoin [as opposed to other cryptocurrencies] is because it’s the one everybody is going to come to.”
https://www.ccn.com/bitcoin-price-could-reach-40000-within-years-billionaire-marc-lasry/
Mastercard has a new patent that could allow bitcoin transactions on credit cards
Mastercard introduces a patent to manage "fractional reserves of blockchain currency."
While no products have been brought to market, the technology could speed up blockchain transactions.
Bitcoin bull Tom Lee says this is good news as it validates cryptocurrency as a form of transaction.
https://www.cnbc.com/2018/07/17/bitcoin-above-7000.html
Mastercard introduces a patent to manage "fractional reserves of blockchain currency."
While no products have been brought to market, the technology could speed up blockchain transactions.
Bitcoin bull Tom Lee says this is good news as it validates cryptocurrency as a form of transaction.
https://www.cnbc.com/2018/07/17/bitcoin-above-7000.html
Coinbase Says It Was Wrong About SEC Approval of Acquisitions
Coinbase Inc., which on Monday said it got the green light from the U.S. Securities and Exchange Commission to move forward with a trio of acquisitions, now says it never got such an endorsement.
https://www.bloomberg.com/news/articles/2018-07-17/coinbase-says-it-was-wrong-about-sec-approval-of-acquisitions
Coinbase Inc., which on Monday said it got the green light from the U.S. Securities and Exchange Commission to move forward with a trio of acquisitions, now says it never got such an endorsement.
https://www.bloomberg.com/news/articles/2018-07-17/coinbase-says-it-was-wrong-about-sec-approval-of-acquisitions
Analysis is a very important thing to make us get profit, without analysis then we like gambling so I suggest to continue to learn about the analysis, and the best source for analysis I think is Youtube because there are many complete references.
Bitcoin Volume at $6.4 Billion, Up 2x Since Last Week as Crypto Market Surges
The volume of bitcoin, the most dominant cryptocurrency in the global market, has risen by two-fold in the past week, supporting the recent mini bull rally of the crypto market.
Last week, CCN noted that the low volume of bitcoin is a concern for the short-term trend of the market. For instance, on July 9, the volume of bitcoin was lower than that of Tether (USDT), a widely traded stablecoin whose value is equivalent to the value of the US dollar.
Less than seven days ago, the volume of BTC was below $3.3 billion and as of July 18, the volume of BTC remains above $6.4 billion.
https://www.ccn.com/bitcoin-volume-at-6-4-billion-up-2x-since-last-week-as-crypto-market-surges/
The volume of bitcoin, the most dominant cryptocurrency in the global market, has risen by two-fold in the past week, supporting the recent mini bull rally of the crypto market.
Last week, CCN noted that the low volume of bitcoin is a concern for the short-term trend of the market. For instance, on July 9, the volume of bitcoin was lower than that of Tether (USDT), a widely traded stablecoin whose value is equivalent to the value of the US dollar.
Less than seven days ago, the volume of BTC was below $3.3 billion and as of July 18, the volume of BTC remains above $6.4 billion.
https://www.ccn.com/bitcoin-volume-at-6-4-billion-up-2x-since-last-week-as-crypto-market-surges/
Lizard People and July Bonuses Pushed Bitcoin Up: Community Reactions Bitcoin breached USD 7,000 within the past 24 hours, even coming close to USD 7,500 several times during this timeframe. Other cryptocurrencies have, perhaps expectedly, followed suit, so the market is an eye-soothing green color. What did the cryptoverse have to say about it?
As the community is wont to do, they are currently speculating what could be the reason behind this spike. Reddit users - notorious for not taking anything too seriously - are proposing a myriad of reasons, from lizard people living in Earth’s core to July bonuses coming in.
https://cryptonews.com/news/lizard-people-and-july-bonuses-pushed-bitcoin-up-community-r-2273.htm As the community is wont to do, they are currently speculating what could be the reason behind this spike. Reddit users - notorious for not taking anything too seriously - are proposing a myriad of reasons, from lizard people living in Earth’s core to July bonuses coming in.
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