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The UK Treasury Committee published a report on crypto-assets for its Digital Currencies inquiry. In the report, they seem keen on pushing a ‘Wild West’ analogy. Time Flies… The Digital Currencies inquiry was launched in February of this year, with a remit to “cover the role of digital currencies in the UK.” This includes the opportunities and … Continue reading UK MPs Urge Regulation for ‘Wild West’ Crypto Industry
Bitfury has announced the release of a new Application-Specific Integrated Circuit (ASIC) chip, as well as a new generation of its Bitcoin mining hardware. The Bitcoin mining firm plans to integrate its new offerings across many of its data centers around the globe. Bitfury’s New Catalog of Bitcoin Mining Hardware The company announced the launch … Continue reading Mining Firm Bitfury Debuts New ASIC Chip
Paragon, the outfit which raised over $70 million in an ICO to build a “social network of cannabis startups,” has lost 96 percent of its market cap. Doing Nothing With Blockchain Perhaps the latest example of the “irrational exuberance” of the 2017 ICO rush, Paragon (PRG) 00, which had the backing of US rapper The … Continue reading Remember Paragon? ‘Revolutionizing Cannabis With Blockchain’ Token Down 96%
A New Global Arena Initially a hub for blockchain, cryptocurrency, and blockchain-related projects for North America, this year’s second edition of Consensus is taking place in Singapore. Whilst attracting more than 8,000 attendees, with more than 50% of those being from outside of the United States, Consensus Singapore 2018 aims to become an answer to … Continue reading Breaking Crypto-Summit Stereotypes — Consensus: Singapore 2018
Despite oft-repeated advice to never pay in response to a ransomware attack, the reality is that this is not always a possibility. However, the desire to pay as little as possible has given rise to companies like Coveware. They act as negotiators between victims (their clients) and the criminals targeting them. A Business Case While it may seem … Continue reading Negotiating Bitcoin Ransomware With Cyber-Criminals as a Service
Coinbase Welcomes Michael Li As revealed by TechCrunch on Tuesday morning, Michael Li has just dropped his role in a legacy industry to make a foray into crypto, in the form of an executive position at Coinbase, unarguably one of the leading crypto-focused startups in this up and coming industry. Coinbase poaches LinkedIn’s head of … Continue reading Coinbase Hiring Spree Continues, LinkedIn Executive Dives Into Crypto
Ripple was previously cruising lower inside a long-term descending channel visible on the daily time frame, but it looks like a reversal is underway. Price just closed above the resistance and is following up with another green daily candle to reflect more bullish momentum. However, the 100 SMA is still below the longer-term 200 SMA … Continue reading Ripple (XRP) Price Analysis: Don’t Miss This Bullish Breakout
Bitcoin might be done with its slide as it failed in its last two attempts to break below the $6,200 area, creating a double bottom on the short-term time frames. Price has yet to test and break past the neckline around $6,600 to confirm that a reversal is underway. The 100 SMA is above the … Continue reading Bitcoin (BTC) Price Analysis: Short-Term Reversal Pattern Forming?
US Regulator Calls Out Leading Crypto Exchanges On Tuesday, as relayed by Bloomberg, Barbara Underwood, New York State’s Attorney General, unexpectedly released a report that highlighted her office’s thoughts on crypto exchanges. According to the well-established regulator, a minimum of three crypto exchanges can be facilitating operations that would be classified as illegal in the state of … Continue reading New York Regulator: Binance And Kraken Are Susceptible To Manipulation
Litecoin price recovered nicely from the $50.00 support against the US Dollar. LTC/USD is moving higher but it could face sellers near $56.50 and $58.00. Key Talking Points · Litecoin price jumped back above the $52.00 level after testing $50.00 (Data feed of Kraken) against the US Dollar. · There is a key bearish trend … Continue reading Litecoin Price Analysis: LTC/USD Facing Key Resistance Near $58