The Merkle

July 12, 2018
Technical Traders Watch as Bitcoin Approaches $7,000

Technical Traders Watch as Bitcoin Approaches $7,000

Following the Fourth of July holiday in the United States, Bitcoin traders were split on the opinion as to whether the first major rally of 2018 had arrived in earnest. Traders who favor technical analysis had high hopes that Bitcoin would reach the psychological mark of $7,000; however, market forces […]
July 10, 2018
Ripple Tries Interesting Strategies to Increase Circulation

Ripple Tries Interesting Strategies to Increase Circulation

With the advent of Bitcoin futures contracts and the potential for cryptocurrency exchange-traded funds getting Wall Street approval in the future, volatility is starting to decrease in the markets, which means that stakeholders can return to focusing on adoption and circulation. Spread of Cryptocurrency Integration Development Over the last few […]
July 6, 2018
Florida State Government Ponders Appointing a Cryptocurrency Official

Florida State Government Ponders Appointing a Cryptocurrency Official

The Chief Financial Officer of the Sunshine State has introduced a Cryptocurrency Oversight Initiative that would appoint an official to handle matters related to blockchain monetary tokens. Florida CFO Jimmy Patronis believes that the state’s various tech hubs are moving quickly in the direction of blockchain development, which merits involvement […]
July 5, 2018
Bitcoin Rally Seems to be Starting in July | Cryptocurrency Growth

Bitcoin Rally Seems to be Starting in July

Just as Americans were preparing to enjoy their Independence Day holiday, Bitcoin investors were busy following the cryptocurrency markets and taking long positions as hints of a long-awaited rally appeared to materialize. Signs of Rallying Prices The very first trading session of July resulted in a quick price recovery for […]
June 28, 2018
Bitcoin Rally Could Take Place Later Than Expected | Crypto Coin Growth

Bitcoin Rally Could Take Place Later Than Expected

As the third week of June 2018 came to an end, the price of Bitcoin reached a new low for the year. On the major cryptocurrency exchanges, Bitcoin was trading below the $6,000 mark, and some analysts believe that this downward trend could extend a few more weeks, which means […]
June 26, 2018
China Publishes Second Monthly Cryptocurrency Index | Blockchain Technology

China Publishes Second Monthly Cryptocurrency Index

The Chinese Ministry of Industry and Information Technology recently published the second edition of the Global Public Chain Technology Evaluation Index, a report that looks at 30 cryptocurrencies and ranks them according to their performance and development. The June report puts EOS at the top of the list, followed by […]
June 21, 2018
Ethereum is Gradually Catching Up to Bitcoin | Cryptocurrency Growth

Ethereum is Gradually Catching Up to Bitcoin

The United States Securities and Exchange Commission has determined that the cryptocurrency known as Ethereum does not meet the definition of an investment security, thereby clearing the way for the Chicago Board Options Exchange as well as the Chicago Mercantile Exchange to develop ETH futures contracts. ETH futures contracts have […]
June 19, 2018
Bitcoin Goes to Hollywood: "Crypto" Film Scheduled for 2019 Release

Bitcoin Goes to Hollywood: “Crypto” Film Scheduled for 2019 Release

The world of cryptocurrency trading and development is getting the Hollywood treatment with a new film that is expected to debut next year. “Crypto” is a thriller currently undergoing development by Yale Productions; the film will be directed by John Stalberg Jr., who is known for his work on the […]
June 14, 2018
Conservative Swiss Bank Warms Up to Cryptocurrency | Blockchain Investment

Conservative Swiss Bank Warms Up to Cryptocurrency

Hypothekarbank Lenzburg, a staid bank based in Switzerland, is now accepting commercial accounts from business entities that deal in cryptocurrencies. Hypothekarbank is known as a traditional mortgage lender with a history dating back more than a century; it is widely considered to be a legacy institution in a country that […]
June 13, 2018

Crypto Exchange Buda Subject of Sudden Banking Embargo in Colombia

Major Latin American bitcoin exchange, Buda, recently suddenly become the subject of a banking embargo in Colombia, according to local reports. Buda similarly experienced the termination of its Chilean banking services in March of this year. Also Read: Six Major Banks in Chile Sued by Another Cryptocurrency Exchange Buda Suffers Termination of Banking Services in Colombia Buda, a Latin American bitcoin exchange formerly known as Surbtc servicing the Argentinian, Chilean, Colombian, and Peruvia..
June 13, 2018

Digital Jersey Signs MOU with Binance to Establish Crypto Exchange in Jersey

Digital Jersey has signed an MOU with Binance to launch a crypto exchange and promote blockchain initiatives on the island of Jersey. Digital Jersey, an independent organization that represents Jersey’s digital industries, has signed a memorandum of understanding (MOU) with cryptocurrency exchange Binance, according to a press release published June 11. Per the terms of the MOU, the two firms aim to develop a compliance base and cryptocurrency exchange on the island. Digital Jersey will report..
June 13, 2018

Report: Financial Action Task Force to Prepare Binding Rules for Crypto Exchanges

Financial Action Task Force to develop new binding rules for crypto exchanges The Financial Action Task Force (FATF), the international group that combats money laundering and terrorism financing, will start developing binding rules for crypto exchanges in June, a Japanese official familiar with the matter told Reuters June 12. The new rules would be an upgrade to the non-binding resolutions which were adopted by the FATF in June 2015. The FAFT will consider whether existing guidelines on anti..
June 13, 2018

Japanese Police Investigate Cryptojacking Case Involving Coinhive Monero Mining Software

Japan’s police are reportedly investigating a case of illegal cryptojacking with Coinhive software, defendants argue it was a method of traffic monetization. Japanese police are investigating a case of cryptojacking that involves Monero-mining software Coinhive, sources familiar with the matter told local news outlet Mainichi June 12. Investigators suspect that the alleged culprits are in violation of the law banning the use of computer viruses. According to the sources, the suspects involved ..
June 13, 2018

CBDC Could Have “Severely Negative Consequences” for “Bank-Dominated Payments System” – Former FDIC Chair

The former chair of the United States Federal Deposit Insurance Corporation, Sheila Bair, recently published an article imploring the U.S. Federal Reserve to explore central bank-issued digital currencies (CBDCs). In the article, Mrs. Bair argues that the development of a state-issued cryptocurrency could “reduc[e] the risk of financial crises” and “improv[e] monetary policy tools.” Also Read: Twitter Experience Worsens, Ether Fake Giveaways Taking Over Sheila Bair Authors Article Advocating C..
June 13, 2018

Proposed Bill in US Congress Would Commission Study of Crypto in Sex Trafficking

The US Congress has proposed a bill calling for the study of crypto usage in sex and drugs trafficking. The US House of Representatives Financial Services Committee has proposed a bill today that would initiate a study on how cryptocurrencies are used in sex trafficking. Should the bill be approved and signed into law, it would require the Comptroller General of the US to research how “virtual currencies and online marketplaces are used to buy, sell, or facilitate the financing of goods or ser..
June 13, 2018

New Trade Organization to Promote Blockchain Established in Switzerland

Leading players from Switzerland's financial, technological, academic, and legal sectors have formed a new organization to promote blockchain technology. 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 provi..
June 13, 2018

German Finance Authority: Crypto Regulation to Focus on Market Stability, Not Individuals

President of the German financial regulator BaFin said that they will prioritize systemic risks with crypto regulation, not individual investors 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 ..
June 13, 2018

Report: Suspicious Transactions at Korean Exchange Coinrail Months Before Hack

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 targeti..
June 12, 2018

A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9

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 O..
June 12, 2018

New Partnership Announced Between Korea University and Huobi Subsidiary

A new partnership has been announced between Korea University and a subsidiary of major cryptocurrency exchange Huobi 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 indu..
June 12, 2018

Getting Into Cryptocurrency on a Budget

One of the best aspects of cryptocurrency is that it is incredibly divisible and almost wholly permissionless (though exchanges can require things like KYC/AML which may deny some access to the under- and unbanked). This means that crypto is generally more accessible to many more people than the legacy financial system. Users are not limited to buying whole shares, or round sum shares (100 shares, for instance) of an asset. So, someone does not need to be wealthy or well-off to participate in ..
June 12, 2018

China State TV: Blockchain Will Be 10 Times More Valuable Than the Internet

China is suddenly bullish on blockchain technology. It has overloaded the cryptocurrency industry with praise over the past few months. The government has also led multi-billion dollar investments in blockchain projects with the vision of commercializing blockchain technology in the near future. Blockchain is Better Than the Internet CCTV, AKA China Central Television, a state TV channel controlled by the government, released an hour-long report covering blockchain technology and cryptocurrency..
June 12, 2018

Former Macau Triad Boss Launching Cryptocurrency

Various entities, users, and companies commonly seek to introduce their own cryptocurrencies. It’s quite challenging to do so successfully, as not all currencies are created equal. Wan Kuok-toi, a former Macau triad boss, is looking to launch his own cryptocurrency and associated blockchain ecosystem. It’s a remarkable development, albeit one that will be criticized. Another Questionable Cryptocurrency Launch Although more competition in the cryptocurrency world can be a good thing, it remains ..
June 12, 2018

Bitcoin.org Removes All BitPay and Coinbase References

It seems the ongoing debate between Bitcoin and Bitcoin Cash has reached a new level of silliness. Although both sides have had a few valid arguments, there are also a lot of incidents which seemingly make little sense. It now appears Bitcoin.org has intentionally removed two companies which recently enabled support for Bitcoin Cash. The BTC-BCH Drama Continues There have been quite a few spats between supporters of Bitcoin and Bitcoin Cash. These cryptocurrencies have the exact same goal, alt..
June 12, 2018

Russian Government Website Was Affected by a Malicious Cryptocurrency Mining Script

There have been a lot of incidents involving cryptocurrency mining. This has become especially apparent where malicious mining scripts on various websites are concerned. It seems one official website in Russia has fallen victim to a malicious mining attack which ran for ten full days. Another Cryptocurrency Mining Incident It is neither the first nor the last time there has been an incident involving cryptocurrency mining scripts. Such incidents have taken place all over the world in the past ..
June 12, 2018

Devolver Digital Makes a Point With Lootbox Coin “Currency”

The pattern of projects issuing their own tokens and currencies willy-nilly has attracted a fair amount of criticism. A lot of ICO projects don’t need their own currencies, or even their own blockchains. Even so, there have been a few projects poking fun at this concept. Devolver Digital, a well-known game development studio, is joining the club by “issuing” something it calls Lootbox Coin. Another Jab at Useless Coins and Tokens Considering that over 6,000 different cryptocurrencies and ICO t..
June 12, 2018

Tezos Foundation Announces Investor KYC and AML Procedure One Year After Raising Money

Even though it appears the Tezos team has successfully addressed most of the problems holding the project back, more controversy looms on the horizon. More specifically, the team has made it clear they will perform thorough KYC and AML checks for all investors. It’s a remarkable decision, considering that those users contributed nearly a year ago. More Worries for Tezos Users It has not been the best of years for Tezos. While this prominent project successfully completed a big ICO, a lot of pr..
June 12, 2018

The Growing List of Bitcoin Forks Which Never Made It

There has been a growing influx of hard forks and airdrops pertaining to Bitcoin, although Bitcoin is still Bitcoin and remains the world’s leading cryptocurrency. In fact, there are so many different iterations of Bitcoin, it is impossible to keep track of them all. Most people will have never heard of most of them, nor will they in the future. A Growing Pile of Bitcoin Clones While it is certainly evident that Bitcoin is not a perfect cryptocurrency, improving upon this concept can be done i..
June 12, 2018

Bitcoin Price: $6,800 Seems to Hold Despite More Imminent Bearish Pressure

The uneasy situation affecting all cryptocurrency markets will remain in place for some time to come. Despite some minor gains for most currencies, it seems there is still plenty of negative pressure. As such, the question becomes whether or not the Bitcoin price will remain above $6,800 today. So far, it’s not looking too promising. Another Rough Day for Bitcoin Price Watchers Watching the Bitcoin price for several hours a day tends to inflict different emotions on people. It is usually a mix..
June 12, 2018

XRP Price: Small Recovery Despite Dwindling Trading Volume

It would appear another major price reversal looms on the horizon for all major cryptocurrencies. After a very rough period over the past few days, most of the markets are on the road to recovery. The XRP price is leading the charge among top 10 currencies with a solid 2.54% increase. If this trend keeps up, things will certainly get pretty interesting moving forward. XRP Price Trend Gives Hope With another battering taking place across all cryptocurrency markets over the past few days, few peo..
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