Crypto Coin News and Updates

August 16, 2018
Technical Traders Wait for Cryptocurrency Buying Indicators

Technical Traders Wait for Cryptocurrency Buying Indicators

Bitcoin and Ethereum, the two leading coins in the global cryptocurrency exchanges, have suffered major losses in recent days, and traders who follow technical analysis are now waiting for the right signals to jump back into the market. Going into the second weekend of August, the cryptocurrency market lost nearly […]
August 15, 2018

Report: Over $2 Million Lost to Crypto Scams in Second Quarter of 2018

Cybersecurity and antivirus firm Kaspersky Labs found that, in the second quarter of 2018, cybercriminals stole over $2 million through crypto scams. A recent report from Russia-based antivirus and cybersecurity firm Kaspersky Labs states that in the second quarter of 2018, cybercriminals stole over $2.3 million dollars via crypto scams. The report, entitled “Spam and phishing in Q2 2018,” notes so-called “crypto giveaways” as a pervasive example of phishing, wherein cybercriminals dupe indivi..
August 15, 2018

Y Combinator Reveals Ex-Baidu Blockchain Bull Qi Lu as CEO of New China Division

Silicon Valley’s Y Combinator launches new division in China, announcing former Baidu COO and blockchain bull Qi Lu as its Founding CEO. The Ex-COO of ‘Chinese Google’ Baidu and blockchain bull Qi Lu has joined Y Combinator (YC) to run the company’s new China-based division, according to a blog post August 14. Y Combinator –– the major Silicon Valley-based entrepreneurial accelerator that funded such startups as Dropbox, Airbnb, Coinbase, Reddit, among others –– announced that is has official..
August 15, 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 15

With the panic set in the cryptocurrency markets, the best move right now may actually be to buy - what do the charts say? The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Panic has set in the cryptocurrency markets as investors dump their holdings at ..
August 15, 2018

Bank of Montreal, Teachers’ Pension Fund Trial Canadian Dollar Debt Deal via Blockchain

In a national currency first, the Bank of Montreal and Ontario Teachers’ Pension Plan have reportedly trial a Canadian-dollar debt deal over blockchain. The Bank of Montreal and Ontario Teachers’ Pension Plan have tested a Canadian-dollar debt deal using blockchain, Bloomberg reports August 15. In the pilot transaction, the bank is said to have sold $250 million Canadian dollars (around $190 million) of one-year floating rate deposit notes to the teachers’ pension fund, implementing blockchain..
August 15, 2018

Citrix Survey: More Than Half of UK Companies Hit by Cryptojacking Malware at Some Point

Fifty nine percent of U.K. companies have been hit by cryptojacking attacks at some point, with 80 percent of those cases taking place in the past 6 months, survey shows. As much as 59 percent of U.K. companies have been affected by cryptojacking malware at some point. Roughly half of those cases took place in the previous month, news outlet Internet of Business reports August 15, citing a research commissioned by Citrix. According to Internet of Business, the research, commissioned by softwar..
August 15, 2018

US National Insurance Advisory AAIS Introduces IBM Blockchain-Based Reporting Tool

The American Association of Insurance Services has introduced openIDL, an insurance reporting tool based on IBM’s blockchain. Privately held insurance advisory American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool, according to an announcement video posted August 15. The platform, dubbed Insurance Data Link (openIDL), is based on IBM's enterprise blockchain solution, using Hyperledger Fabric. The platform intends to red..
August 15, 2018

Investor Files Lawsuit Against AT&T Over Hack That Allegedly Lost Him $24 Mln in Crypto

An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto. An U.S. investor has filed a $224 million lawsuit against telecoms giant AT&T over alleged negligence that he claims caused him to lose $24 million in crypto, CNBC reports August 15. Plaintiff Michael Terpin has reportedly filed a 69-page complaint with the U.S. District Court in Los Angeles against his erstwhile telecoms provider, alleg..
August 15, 2018

Bitcoin Illegal: Saudi Arabia Monetary Authority

Kingdom of Saudi Arabia (المملكة العربية السعودية) regulators issued a statement this week through its monetary authority. Cryptocurrencies such as bitcoin are illegal in the country. Citing “negative consequences” and “high risk,” the government believes it must protect subjects from themselves. Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Saudi Arabian Monetary Authority Pronounces Bitcoin Illegal Dated 8 August 2018, مؤسسة النقد العربي السعودي, the Saudi Arabian Monetary Aut..
August 15, 2018

Reality Shares Will Join Increasingly Crowded Bitcoin Hedge Fund Arena, Says Source

An anonymous source says blockchain ETF operator Reality Shares wants to launch a Bitcoin hedge fund. California-based asset manager Reality Shares has become the latest competitor in the Bitcoin hedge fund space, an anonymous source told Business Insider August 15. Reality Shares, which became known in the cryptocurrency space this year after launching the first Chinese blockchain ETF in June, has reportedly already attracted $25 million for the fund. Capped at $100 million, the multi-strate..
August 15, 2018

Abu Dhabi resident Down 85% After Taking $140K Loan to Buy Cryptocurrency

Cryptocurrency investing is risky business and one budding investor is feeling the pain after using a huge bank loan to build a losing cryptocurrency portfolio. DYOR and Steer Clear of FOMO It appears that FOMO got the best of one amateur cryptocurrency investor in Abu Dhabi who is now 85% down on cryptocurrencies purchased using a $139,500 bank loan. The unfortunate investor, who goes by the name ‘Cryptohomie’ on Reddit, currently lives in Abu Dhabi. The documents he shared show a loan for 3..
August 15, 2018

Japan’s Messaging Giant LINE Sets Up $10 Million Hong Kong Blockchain Venture Fund

Major Japanese messaging app LINE has announced its move into blockchain startup funding with a Hong Kong-based venture fund run through a subsidiary. Japanese social messaging app LINE announced the creation of a $10 million blockchain venture fund Wednesday, August 15, as part of its expansion into the cryptocurrency market. Launched via Hong Kong-based subsidiary unblock corp., the fund contains funds from fellow LINE sister outfit LVC Corporation. “Additionally, unblock ventures’ token fu..
August 15, 2018

Unibright Partners with Lufthansa, Microsoft, and NEM to Build a Bridge Between Different Industries

Unibright, a unified framework for blockchain-based business integration, has partnered with Lufthansa, Microsoft, and NEM. Making Blockchain Easy Three months after Unibright reached its hardcap in only 10 days, the company has been making newsworthy partnerships left and right — all of which will bring real use-cases to the project. Being a team of developers with 20+ years of experience in business integration, Unibright seems to know how to address common key problems of any company when ..
August 15, 2018

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

The U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which the SEC considers securities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space SEC Took Action The SEC announced Tuesday that it has taken action a..
August 15, 2018

Ex-Paypal CEO Labels Cryptocurrency ‘A Cult’ That’s ‘Headed Straight to Zero’

Today, PayPal CEO Bill Harris debuted on CNBC’s Fast Money where he provided a no holds barred lambast of bitcoin and other cryptocurrencies. Bitcoin is a “Cult” The world hasn’t heard much from Bill Harris since April 24th, when his inflammatory claims of Bitcoin 00 being “the greatest scam in history” and “a colossal pump-and-dump scheme, the likes of which the world has never seen.” made waves in the cryptocurrency universe. Today the former Paypal CEO joined a panel on CNBC’s Fast Money wh..
Buy | BTC - ETH - LTC