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1 h
Bitcoin [BTC] and Bitcoin Cash [BCH] get their own savings account application, the Open Savings Initiative

On 19th September, a group of developers announced that they have launched a new project called the ‘Open Savings Initiative’, a platform that acts as a time-based lock system for Bitcoin Cash [BCH] and Bitcoin Core [BTC]. The website states: “It’s like a certificate of deposit that you can add more money to anytime, but […]

1 h
Japanese Exchange Zaif Loses up to $60M in Hack

The theft took place several days ago but was not disclosed immediately, incurring losses in Bitcoin (BTC) and possibly also in Bitcoin Cash (BCH) and MonaCoin (MONA).

2 h
Future Forks not on the horizon: Bitcoin Cash developer

Cryptocurrency forks are set to decrease in the near future, as stated by leaders of several cryptocurrency businesses at the recently held Consensus Singapore conference by Coin Desk. Amaury Sechet, a lead developer for Bitcoin ABC, said that the previous year saw an industry-wide decline in the number of forks and the trend is likely to continue. Over half the nodes running the Bitcoin Cash software now run Bitcoin ABC to connect to the network. The developer pointed out that a cryptocurrency loses its ability to gain future value since every time a fork is implemented, it results in the loss of the network effect in the original blockchain. He said, “You can only do that a certain amount of times,” confirming that future crypto forks will become meaningless. “I think there may be many, many forks in the future, but 99 percent of them will become worthless eventually,” he said. “The Bitcoin communities had many arguments before about forks, but not many people really give anything because everyone just kept fighting with each other,” he added. Bitcoin Cash is unlikely to fork in the future, he revealed, stating that a fork will prove ineffective since current participants in the project are focused on a single goal. A similar opinion was shared by Jack Liao, CEO of LighteningASIC – an initiator of the Bitcoin Gold fork of 2017 – who said, “If there’s no conflict, there’s no fork, because you need to get supporters.” James Wo, head of ETC Labs, which creates ecosystems for Ethereum Classic, said disagreements within a coin’s community will be the sole reason to employ a fork,. “The fork only happens when there’s really a huge diverge in a community,” he added. Commenting on competition between cryptocurrency forks, Wo said that there is a system of cooperation and coexistence as the need of the markets and business differ. He referred to the competition existing between Ethereum and Ethereum Classic, and explained that while ETH aims to provide diverse services, ETC is meant for users who prefer inexpensive transaction fees. Sechet agreed with this and admitted that forks are in constant competition with each other. However, he referred to Bitcoin and Bitcoin Cash, explaining that “the goal that the two project(s) want to build is different and the target audience is not quite the same.See also: Bitmain CEO slams Craig Wright over proposed Bitcoin Cash hard fork; tells him to “f*** off”

See also: Matter.cash: Founder of new Bitcoin Cash (BCH) social media blockchain platform shares details about it
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6 h
Japanese Crypto Exchange Falls Victim To $60M Hack, BTC, BCH, MONA Stolen

Zaif, a lesser-known Japanese crypto exchange, recently revealed that it had fallen victim to a $60M hack of its hot wallets.

6 h
Bitcoin Cash Price Analysis: BCH/USD Dips Remain Supported

Bitcoin cash price is trading above $400 against the US Dollar. BCH/USD is facing a couple of important resistances near $445 and $450 levels.

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6 h
Coingeek says over 200 Bitcoin Cash [BCH] miners pre-registered ahead of SVPool launch

On 19th September, Calvin Ayre, the Founder of Ayre Group and Calvin Ayre Foundation, announced on Twitter that over 200 Bitcoin Cash [BCH] miners have pre-registered themselves to join the SVPool, ahead of its launch this month. CoinGeek explained on its official website that SVPool will represent the “original Satoshi Nakamoto vision” through the Bitcoin SV implementation of […]

8 h
Bitcoin Cash Price Analysis: To Bitcoin ABC or SV, Bitcoin Cash Sellers Targeting $300

Our Bitcoin Cash price analysis points to lower lows regardless of the debate around Bitcoin ABC and Bitcoin SV. BCH sellers are aiming at $300

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9 h
Bitcoin Cash [BCH] proponent, Roger Ver compares Bitcoin [BTC]’s intrinsic value to gold

On 18th September, the CEO of Bitcoindotcom, Roger Ver spoke about the growth and adoption of Bitcoin Cash [BCH] in South Korea, during an interview with South Korea’s SBS CNBC. He also spoke about the intrinsic value of Bitcoin [BTC]. They spoke about the global concerns surrounding the cryptocurrency market as evidenced by the recent statement […]

10 h
New App Allows Users to Create a Custodian-Free Bitcoin Trust

The application allows any Bitcoin Cash (BCH) and Bitcoin Core (BTC) user to save funds in a time-locked address that cannot be spent until a specific date.

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10 h
Japanese crypto exchange Zaif hacked, losses in the range of $60 million reported

In a major development, Japanese crypto exchange Zaif has been on the receiving end of a hacking incident last week, local media has reported. The hack, which occurred on Sept. 14 but was not discovered until Sept. 17, saw the hacker steal 4.5 billion yen from users hot wallets, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million. Tech Bureau Inc. which operates the digital currency exchange Zaif said in a press release that the company noticed certain abnormalities on September 17, and the hacking damage was confirmed on September 18. After that, the crypto exchange reported the matter to the regulatory authority (FSA), who are looking into the matter.  Hackers stole 5,966 bitcoins (BTC) in addition to some Bitcoin Cash (BCH) and MonaCoin (MONA). The exact figure for the loss is still being evaluated. https://twitter.com/zaifdotjp/status/1042473285353660416 According to Tech Bureau Inc, “The exchange is striving hard to reconstruct the system while receiving support from Ka- ka engineers, in order to resume early deposits/receipts. The restart of deposit/withdrawal of virtual currency is based on the premise that the safety of the system is confirmed.” The press release further states that the firm Fisco Digital Asset Group will help Zaif cover lost customer assets by providing 5 billion yen ($44.5 million). Zaif exchange is the 101st largest cryptocurrency exchange in terms of trade volume, according to CoinMarketCap. This latest breach could have serious ramifications for the crypto industry in Japan. Japan’s cryptocurrency organizations are being increasingly hit with new regulations which seem to be getting more rigid with every hack and scam. Earlier this year in January, the Coincheck hack shook the whole crypto world. The Coincheck hack is believed to be the largest cryptocurrency exchange theft in history, eclipsing even the infamous Mt. Gox theft. Coincheck later confirmed that the hacker was able to steal approximately 523 million XEM —worth $530 million at the time of the theft. The theft saw Japan’s finance minister demand the FSA to better supervise cryptocurrency exchanges in order to prevent customer losses. See Also: Japan’s regulator will not impose undue restrictions on cryptocurrency industry: report Leading Asian Cryptocurrency Exchange Coincheck To Expand Its Footprint In the US Image via Shutterstock Join our Telegram group

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16 h
Bitcoin Cash Dissension Growing – Can BCH Survive a Possible 3-Way Split?

Bitcoin Cash recently celebrated its first anniversary. After successfully splitting from Bitcoin, the project has established a key position in the cryptocurrency world. That situation may soon change, for better or worse. A planned fork of BCH is raising some serious concerns, which could be disastrous for the project’s future.

20 h
Longs vs Shorts – BTC, BCH, ETH, IOTA, XMR Roundup for Week 40 of 2018

With a new week of cryptocurrency trading upon the community, it is always good to see what the future will hold in terms of short and long positions. Things have changed a bit compared to just over a week ago, although this current trend does not necessarily indicate how the week will play out. The …

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20 h
OKCoin lists 5 coins including Ripple’s XRP
OKCoin, a digital asset exchange, has announced that it has added five new cryptocurrencies to their platform. They have decided to list  XRP, Cardano (ADA), Stellar (XLM), Zcash (ZEC) and 0x (ZRX).  The newly listed five coins will be paired with USD, Bitcoin and Ethereum. The company said in a statement that investors can now trade these cryptocurrencies on the OKCoin platform.
The trading pairs against USD will be available for trading to California residents only and the coins paired against Bitcoin and Ethereum will be available for trading in 21 US states.
We are very pleased to welcome these five new cryptocurrencies and all of the communities that trade them. As we build out the broadest set of financial products on a globally regulated exchange, we are committed to expanding the trading pairs for our customers, while bringing tokens to the exchange that offer utility, value and demonstrable use cases. Today’s announcement signifies a giant step forward for the entire ecosystem,” said Tim Byun, OKCoin USA CEO.
OKCoin had announced in the previous week that it will offer token to token trading in 20 US states.  The states included in the OKCoin expansion are Alaska, Arizona, Colorado, Idaho, Illinois, Indiana, Kansas, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, Tennessee, Texas, Utah and Wisconsin.
Known for being a regulated digital asset exchange, OKCoin has millions of users in more than 100 countries across the globe. The five-year-old exchange offers a “fiat-to-token trading platform” for digital currencies namely Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) and Litecoin (LTC).

 

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21 h
Will There Be a Bitcoin Cash (BCH) Hard Fork in November?

The Bitcoin Cash (BCH) network is scheduled for a protocol upgrade on the 15th of November. The changes on the network have so far been classified as ‘recommendations’ and not ‘a consensus’ by the community. The recommended changes are summarized as follows: When the median time past [1] of the most recent 11 blocks (MTP-11) …

21 h
CryptoDaily; Bitcoin, Tron, Binance, NASDAQ, Tezos, Bitmain CEO, Fidelity Investments; September 19,2018

BLOCKCHAIN NEWS   GoChain and Esprezzo join hands to offer additional tools for building dApps GoChain, a scalable, high- performance, and decentralized cryptocurrency and blockchain that supports smart contracts, has announced its partnership with Esprezzo, a middleware platform which allows developers to build dApps without any prior knowledge of blockchain. This merger will help developers with additional tools required for building cutting-edge blockchain-integrated products. Read more TigerWit joins hands with Liverpool FC and launches blockchain-based trading app Liverpool FC is the latest addition to the burgeoning list of football clubs who are giving in to the growing lure of blockchain and cryptocurrencies. In a press release published on Monday, the club announced that it is joining hands with UK-headquartered global financial technology company TigerWit Limited as its new official online foreign exchange trading partner. Read more Switzerland and Israel agree to share notes on blockchain regulations Regulations are increasingly building walls around the loosely regulated blockchain industry. According to a report by Reuters, Switzerland and Israel have decided to become a part of a new endeavor which aims at sharing the experience of regulating the blockchain technology. Read more BigchainDB updates itself to Beta version 2.0.0 BigchainDB, a scalable blockchain database, after 2 months since its latest release announced today an update on the path toward BigchainDB 2.0.0 to come out of Beta.An important addition to it is the ability to add a validator or change the voting power of a validator at runtime.One existing validator proposes the change to the rest of the network by introducing a new “upsert-validator election”. Read more Verseon, a pharmaceutical platform now welcomes blockchain experiment Verseon, a pharmaceutical company in U.S. has now entered the list of medical associations which are open to blockchain based experiments. Today, on 18th September the organisation published a press release shedding light on its new venture on blockchain.This form of progressive technology has taken its first step towards the field of pharmacy in the recent times. Read more Gemalto and R3 Tech to help users control their Digital ID To put users in control of their Digital ID, Gemalto is teaming up with R3 Tech. According to the Gemalto website, their Trust ID Network enables users to have a control over their personal data- to whom it is sent and when it is sent.Its omnipresent ‘self-sovereign’ identities will allow on-boarding at different online services more secure and private. Read more CRYPTOCURRENCY NEWS Singapore’s central bank cautions citizens against Bitcoin scam website The Monetary Authority of Singapore (MAS) recently warned locals about a Bitcoin scam website that has used statements falsely attributed to Tharman Shanmugaratnam, MAS chairman and deputy prime minister. Apart from him saying that the country’s cryptocurrency trading is low, all other comments on the website are misleading and false. Read more Developers fix scary bug in Bitcoin Core eliminating DoS vulnerability The co-owner of Bitcoin.org who goes by the name Cobra on Twitter tweeted on September 18 that a hazardous bug was found and fixed on Bitcoin Core. The bug could have harmed a large portion of the Bitcoin network.In his words, “A very scary bug in Bitcoin Core has just been fixed which could have crashed a huge chunk of the Bitcoin network if exploited by any rogue miners. Read more Prepare to lose all your money: UK lawmakers warn cryptocurrency investors British lawmakers have cautioned cryptocurrency investors, saying that they should be prepared to lose all their money as crypto assets and ICOs are “extremely risky”. A recent report, published by the British Parliament’s Treasury Committee, examines the cryptocurrency landscape and stresses the need for regulations in the industry, which will enforce consumer protection against digital assets and ICOs. Read more XRP piloted with 12 banks before creation of the xRapid product: Ripple official In a recent FinTech conference, Ripple official, Sagar Sarbhai, shared information regarding the use of XRP by banks. He also revealed that XRP piloted with 12 banks before creating the xRapid product.Sarbhai, who is the Ripple’s Head of Government and Regulatory Relations for APAC and the Middle East, mentioned that the banks were all based in different regions of the world. According to an AMBCrypto report, he said, “In 2016 what we did was we piloted with 12 banks. These 12 banks were based across regions across the globe and they did not have prefunded relationships with each other. And what we did was we gave these banks some XRP and asked them to settle within themselves and it worked beautifully.” Read more Could another U.S. market crash push investors to Bitcoin? September 15 marked the ten-year anniversary of the collapse of Lehman Brothers, the fourth-largest Wall Street investment bank, resulting from a crippling economic crisis. The wounds of the 2008 financial crisis are still fresh, especially in the eyes of those still recovering from the dark episode of being rendered homeless and unemployed. The past decade led to a wave of financial reform and regulations, and American households are evidently reaping the benefits. Read more Asia’s Bitcoin futures trading volumes “almost the same” as US: crypto trading expert Don Wilson, founder of trading company DRW, has stated that Asia’s Bitcoin futures trading volumes are almost the same as the volumes seen in the U.S. While speaking to John Detrixhe of mediahouse Quartz at the CoinDesk Consensus Singapore 2018 conference, Wilson discussed the trends seen in crypto trading and its scope for growth in the future. Read more Tron to get TRX/BNB trading pair on Binance Exchange Tron – the 13th largest cryptocurrency in the world according to market cap – will now get TRX/BNB trading pair on BinanceTron is currently among the most popular altcoins, thanks to a series of positive developments in the past few months.Adding to this growing list, Binance announced that it will add a new TRX trading pair with the platform’s native cryptocurrency – Binance Coin (BNB). Read more NASDAQ bids $190 million for crypto-friendly start-up Nasdaq, the world’s second largest stock exchange in terms of market capitalization, has set the crypto-world alight yet again. This time, the exchange is seeking to acquire Cinnober, a Stockholm-based firm that offers real-time clearing technology for trading venues and clearinghouses across the world. Read more Doubtful about Crypto replacing Fiat : German Finance Minister Olaf Scholzfinance minister of Germany, is unsure about the prospects of cryptocurrencies replacing traditional fiat currencies, as reported by the German edition of Cointelegraph on Tuesday.Scholz made the statement at a recently held “citizen’s dialogue” at the German-Dutch Army Corps in the city of Münster. He compared the recent fervor caused by cryptocurrencies with the Tulip mania, a financial bubble that happened in the Netherlands during the 17th century, by stating, “and the danger is great that there will be such a tulip inflation.” Read more Attorney General’s report implies Binance, Kraken might be violating New York crypto laws Crypto exchanges Binance, Kraken and Gate.io might be running their operations in violation to cryptocurrency regulations of New York. New York State Attorney General Barbara Underwood mentioned the names of these exchanges to the state’s Department of Financial Services (NYDFS). Read more Bitcoin to lose 50 percent of its cryptocurrency market share to Ethereum: Analyst Ian McLeod, a business analyst and co-founder of blockchain-based firm Thomas Crown Art, said that Bitcoin might lose half of its market share to Ethereum in the next five years.Thomas Crown Art offers a solution for artists and art collectors that turns art into a secure blockchain wallet, which can be used as a literal “store of value”. Read more Bitcoin’s decline is necessary to build market foundation: Erik Voorhees Erik Voorhees, CEO of Shapeshift and Coinapult, has said that the decline in the price of Bitcoin is essential to build a robust foundation and infrastructure for the market.“Bear markets are for builders. The calm, the quiet, the disillusionment. While the fickle and fair-weather peer around with nervous insecurity, the builders become the market’s foundation, preparing the mortar and stone of tomorrow’s towers,” he explained. Read more Expect our crypto-products by year end: Fidelity Investments Fidelity Investments, the world’s fourth largest asset management firm, has set the crypto world abuzz with their latest development. Abigail Johnson, CEO of Fidelity Investments, said that the company is currently working on a range of blockchain and cryptocurrency-oriented products and services, which are expected to be launched before this year ends. Read more UK Government still not sure of implications of changes in crypto market According to a report by Financial Feeds, the UK government is continuously facing questions about the adverse effects the bear market on other sectors of the economy.Lord Taylor of Warwick asked, “Her Majesty’s Government what assessment they have made of reports that the value of crypto-currencies in the United States is falling, and of the potential effects that such a decline might have on the UK blockchain industry”. Read more Bitcoin mining firm Soluna to start operations in Morocco Soluna, a bitcoin mining company is planning its construction in Morocco to start in January 2019. The construction will happen on a 36 megawatt (MW) wind farm near Dakhla, Morocco in a land area of 37,000 acres that could accommodate up to 900MW of wind capacity.The company is a product of Brookstone Partners, New York and it will sell around 20 percent of its electricity output to the Moroccan government to have a hold local laws. Read more Cryptocurrency exchanges are vulnerable to market manipulation, says New York AG There’s a general sense of uncertainty and insecurity among investors when it comes to dealing with cryptocurrency exchanges, as they are vulnerable to market manipulations and lack the security cover for consumers that come with traditional financial markets.  This has been revealed by the findings of a month-long investigation by the New York Attorney General’s office, as CNBC reports. Read more Everything’s well with Tether (USDT) after an unexpected glitch on Monday Everything seems to be normal on the trading front as Tether (USDT), the eighth largest cryptocurrency and the second most traded currency behind bitcoin resumed normal business. The cryptocurrency suffered an unexpected glitch yesterday and stopped working. The tether transactions appeared to be stagnated and had come to a standstill for nearly eight hours on Monday, causing wild speculations in the market. Read more 25% of Bitcoin supply controlled by long term investors; research A research by Diar revealed that the king of cryptocurrencies hasn’t lost its charm as a long-term investment option despite facing a harsh bear market during 2018. According to a Diar research, 25% of the total Bitcoin supply is controlled by the long-term investors. The research found that more than 55% of Bitcoins are in wallets that have more than 200 coins which could easily be worth more than a million dollars when the Bitcoin prices are over the $5000 handle. Read more Businessman Parker released after captors demand 50 bitcoins as ransom After having been for two months in captivity, Liyaqat Parker, a businessman from Capetown was released after his captors had allegedly demanded 50 Bitcoins as ransom.This was true as his family had issued a statement on his release. However, whether the Bitcoin ransom was paid or not remains a mystery as his family rejected giving further information. Read more Tezos [XTZ] prices dip by 20% after MainNet launch After a long wait, Tezos [XTZ] launched its mainnet on Monday. This marks the completion of the second and the last phase of the network marking its official launch. The company believes that with the official launch of its mainnet it will evolve into a’ world-class blockchain product’ and also begin full production as an enterprise. Read more Bitmain CEO slams Craig Wright over proposed Bitcoin Cash hard fork; tells him to “f*** off” Jihan Wu, the founder of Bitmain, has taken to Twitter to start a public altercation against Craig Wright. The proposed November hard fork of Bitcoin Cash is the reason behind Wu’s verbal fight with Wright on Twitter. The upcoming BCH hard fork has been widely disputed among the BCH community. The BCH controversy revolves around the blocksize upgrade. Wright and his followers are fighting for an increase in the blocksize to increase the transactional capacity while Wu represents the other side which says an increase in blocksize will result in increased decentralization. Read more Czech Republic Prime Minister claims opposition party involved in Bitcoin mining The political turmoil in Czech Republic has taken quite a turn, with the country’s prime minister accusing the opposition party of mining Bitcoin. Andrej Babiš, the Czech premier, has said that the Czech Pirate Party has made no significant contribution to the IT sector apart from being involved in Bitcoin mining activity. Read more Image via Shutterstock Join Our Telegram Group

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