Category Archives: Cryptocurrency

Ethereum Mining Pool Receives Mysterious $300K Blockchain Payout

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Ethereum mining pool Sparkpool received a payout of over 2,000 ETH (worth $300,000) just for mining one block on the ethereum blockchain Tuesday – a figure that’s about 600 times the network’s standard block reward.

Miners who secure blocks are programmed to be awarded 3 ETH (about $500) for every new transaction block added to the ethereum blockchain. On top of this, there is also a small payout attached to transactions incentivizing miners to validate and include new transactions into a mined block.

Yet, with only 210 validated transactions, Sparkpool received 2,103.1485 ETH at block number 7,238,290, according to data from ethereum block explorer Blockscout.

As highlighted on Twitter by Jimmy Zhong – co-founder of decentralized application platform IOST – the strange activity could be seen as a random fluke, with one ethereum user (or perhaps multiple) accidentally attaching abnormally high transaction fees to their payments.

Alternatively, it could be seen as a sign of goodwill from an anonymous supporter of the ethereum mining community, which in recent days has been divided over a contentious proposal to change which type of mining chips can be employed by miners seeking to compete for rewards.

Others suggested it could be a less altruistic attempt to “wash” money through the ethereum blockchain, obfuscating that it might have been illegitimately acquired.

But if past crypto history is any indicator, the likelihood of an innocent human error is not as outlandish as one might assume. Back in July 2014, one bitcoin user attached 30 bitcoins worth of transaction fees to a 38 bitcoin transaction due to an accidental error in typing, an error that despite enhancements in UX, is not altogether uncommon in the industry at large.

Ethereum image via Shutterstock 

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Major Crypto Exchange OKEx Adds Four New Margin Trading Pairs

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Malta-based cryptocurrency exchange OKEx has added four new crypto derivative pairs to its platform, according to a press release shared with Cointelegraph on Feb. 19.

OKEx, the third-largest crypto exchange by trade volume, has announced the listing of Bitcoin SV (BSV), QTUM, DASH and NEO against Bitcoin (BTC) or Tether (USDT) on margin with a 3x leverage option.

Last month, OKEx added seven new crypto derivative pairs to its platform, including Bitcoin Cash (BCH), Bitcoin SV (BSV), EOS (EOS), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP), as Cointelegraph reported on Jan. 3.

As Cointelegraph wrote on Dec. 4, the digital asset exchange OKEx had earlier launched a derivative product, dubbed a “perpetual swap,” that supports BTC/USD with up to 100x leverage. In January, the exchange noted that the newly added contracts would only support up to 40x leverage, as opposed to today’s press release noting a 3x leverage option.

Also in December of last year, Hong Kong-based cryptocurrency exchange Bitfinex launched margin trading for stablecoin Tether (USDT) against USD, as Cointelegraph reported on Dec. 22.

Earlier today, Cointelegraph wrote that major United States exchange and wallet Coinbase has acquired a blockchain intelligence startup, dubbed Neutrino, underlining that the new deal is aimed at helping add more cryptocurrencies and features to Coinbase services.

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CEO of Japanese Finance Giant SBI Vests His Crypto Industry Hopes in Ripple and R3

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Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has singled out Ripple (XRP) and blockchain consortium R3 as reasons to remain optimistic about the future of the crypto industry — bear market notwithstanding. Kitao made his remarks during an interview with Japanese crypto news outlet Coin Post on Feb. 18.

SBI Holdings is an active partner of Ripple via their joint venture, “SBI Ripple Asia,” established to promote the use of XRP in Asian financial markets back in 2016.

In his interview with Coin Post, Kitao underscored that the protracted crypto market slump is not to be thought of as an end to the industry, and that SBI has been working intensively to foster the adoption of XRP among financial institutions.

He affirmed that the real demand for the asset’s use in cross-border remittances and settlement is already underway and will continue to burgeon— pointing to Santander’s use of Ripple’s blockchain-powered xCurrent and RippleNet platforms for international payments as an exemplary, high-profile case.

Aside from predicting that Ripple’s still-fledgling market capitalization would eventually grow to be a global standard, Kitao also made positive remarks in relation to enterprise blockchain consortium R3 — of which SBI is a member, as well as reportedly being the largest outside shareholder — as well as the R3 Corda settlement platform.

Alluding to the now-resolved legal disputes between R3 and Ripple, Kitao said he had encouraged the two former ostensible rivals”to cooperate on a joint venture, and was bullish on the potential impact of “Corda Settler” — R3’s universal payment settlement platform, which unveiled XRP as its first supported crypto in December.

Among the rest of his wide-ranging remarks, Kitao said he judged the “temperature of institutional investors [in regard to crypto] to be extremely hot,” noting that surveillance and real-time data on the crypto markets are improving, as well as clearing services.

Kitao said he hoped that Japan would spearhead cryptocurrency regulation and act proactively ahead of other global markets, such as the United States. He noted that SBI was awaiting more legislative clarity from the Japan’s watchdog, the Financial Services Agency, before launching its own crypto fund for institutional investors.

As previously reported, the past couple of years have seen SBI pursue multiple ventures in the crypto sector, including its own exchange — VCTRADE — alongside a series of investments in businesses developing crypto infrastructure and services. It also has its own blockchain initiative S coin platform, which it trialed for retail payments in September 2018, integrating R3 Corda technology.

In January, SBI published its nine-month financial report, which identified the implementation of R3 and Ripple technologies as a major part of its strategy.

In October 2018, SBI and Ripple’s XRP-powered payments app, MoneyTap, went live for account holders at selected Japanese banks — with the eventual ambition of including a consortium of 61 institutions (representing over 80 percent of all of Japan’s banking assets) in the service.

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Fintech Company TrueDigital Appoints Former Bridgewater Associates Executive as CEO

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New York-based fintech company TrueDigital Holdings (TDH) announced the appointment of former Bridgewater Associates chief operating officer Thomas Kim as its new CEO through a post on its website on Feb. 19.

Before his time at Bridgewater Associates, which had almost $125 billion assets under management in 2018, Kim worked at now-defunct global financial services firm Lehman Brothers in charge of the Townsend Analytics Electronic Trading franchise.

According to today’s post, Kim will manage TrueDigital’s existing initiatives, such as the launch of Bitcoin (BTC) swaps planned for this year. In January of this year, blockchain platform Qtum also announced that it was introducing Bitcoin atomic swaps to its mainnet infrastructure.

TrueDigital’s announcement states that TrueDigital launched Signature Bank’s blockchain-based payment infrastructure earlier this year, which was approved by the Department of Financial Services of New York (NYDFS) in December 2018.

The aforementioned payment platform also attracted a “significant number of institutions within the first 30 days of operation,” according to the announcement.

As Cointelegraph reported in March of last year, TrueEX — whose affiliate is TDH — partnered with a blockchain tech company led by Ethereum (ETH) co-founder Joseph Lubin, ConsenSys, to create a benchmark rate for the price of Ethereum.

In early December 2017, CBOE had launched the first Bitcoin futures contracts, with CME Group launching the second around a week later.

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These Days Cryptocurrency is Considered Better than Credit Cards, Here Are 9 Reasons Why – Live Bitcoin News

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1.  When using Cryptocurrency, it would need the wallet owner’s authorization.

Part of the main quintessential distinction between Cryptocurrency and a credit card is that with the Cryptocurrency, it requires the user’s complete authentication before it allows usage.

2.  Credit cards are fundamentally susceptible to security breach and fraudulent tendencies.

Credit cards are so unsafe because of the way they function when being used. On the other hand with Cryptocurrency, for receiving payment transactions, the seller must display a destination address, which is a public key, when the buyer would start the payment process using an exclusive access to the wallet.

3. Cryptocurrencies do not have downtime and time consuming registration procedures.

Basically, setting up new accounts or getting a new credit card entail procedures, extensive paperworks and a lot of time.

4.  Credit cards require personal identification, relatively adds to the hassle of getting into.

Continuing with my previous point, credit cards is associated to your identity and any supporting documents about you.

5.  Cryptocurrencies do not record your every transaction and sell it to advertising companies.

Customer data is being collected by the credit card companies in a certain way and sell it to advertising companies for profits.

6.  Peer-to-peer technology is something unheard of by the credit cards.

This is one of the best features of the Cryptocurrency, the capability to process transactions for businesses and personal accounts using the same way of processing.

7.  Majority of Cryptocurrencies have crazy low transaction fees.

Speaking of the best features of the Cryptocurrency, this is one of them, it is what made the Cryptocurrency gained popularity in the first place.

8.  Credit card companies can, at random update, increase fees.

The Cryptocurrency’s advantage here is that because it’s decentralized, no one could ever change the terms of its operation, and the fees as well obviously.

9.  Cryptocurrencies cannot be banned or quickly brought down.

Still going on about the fact that they are decentralized, if a node went down, the whole operation is relatively unaffected.

(Jet Encila is a journalist, editor and freelance writer from the Philippines)

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US Federal Court Rules Cryptocurrency Covered Under Securities Laws: Will Canada Follow Suit? – Fin Tech – Canada – Mondaq News Alerts

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Top iOS And Android Cryptocurrency Trading Apps: Coinbase, Binance, Blockfolio, TabTrader, zTrader – Bitcoin Exchange Guide

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The crypto market has been growing more and more popular ever since the invention of Bitcoin over a decade ago. However, its popularity truly blew up back in mid-2017, when the price of Bitcoin skyrocketed, which affected every other coin out there. These days, the prices of different cryptos may be down, but the popularity of the crypto space remains, as well as the huge number of coins available for trade.

To make the trading easier and more accessible, several services developed crypto trading apps for smartphones as well. These apps allow users to track their favorite coins at any time, wherever they may be and take a number of actions as well. This was deemed necessary as crypto trading represents the main method of making money for a lot of people around the world. Many of them do it on the road, which is why it is important for them to always have access to the market.

Of course, there are some aspects that traders need to check and keep in mind when choosing which app or service to go for. The first thing to decide on is which platform to choose, as they need to make sure that the platform has a mobile version. Next, there are things such as the app’s functionality, the crypto trading program, as well as various features that the app offers.

Installing the apps is usually easy enough, with all that traders need to do is download them from the App Store or Play Store and log into their accounts. However, traders also need to choose the app based on its security features, including the existence of 2-factor authentication.

Top iOS And Android Cryptocurrency Trading Apps

Here are the five most popular trading apps available right now.

Binance

Binance is the largest crypto exchange in the world, with over 10 million users from all corners of the globe. It is used by professionals and newcomers alike, and its user base still continues to grow, as the crypto trend continues to expand. The platform has proven to be stable, secure, and very user-friendly, which includes its desktop and mobile versions. It features numerous trading pairs, and it makes it quite easy for traders to buy or sell coins through a simple process.

Furthermore, the platform also features its own native token, called Binance Coin (BNB). The coin has seen a lot of usage ever since its launch, as traders who use it enjoy a significant discount when it comes to trading fees. Generally, Binance is seen by many as the best choice for those searching for a good trading experience.

Coinbase

While Binance may dominate the world’s crypto trading scene, Coinbase is the most popular crypto exchange in the US, with a high trading volume and an excellent reputation. Its app is built around Bitcoin, and it is also very easy to use, which made it quite popular among those who have access to it. While the company is based in California, it also offers access to users around the world, although it is still not available in every country. Still, the exchange has over 7 million active users worldwide, making it among the top exchanges on a global level as well.

While the website offers a number of functionalities, the smartphone app features even more different functions, and it is available for iOS and Android alike. Apart from Bitcoin, the service also allows traders to work with a few other coins, including Ethereum, Litecoin, Basic Attention Token, and more.

Traders can also buy coins via a direct bank transfer or a credit card. However, one feature that makes Coinbase very popular is the ability to trade at short rates.

Blockfolio

Blockfolio is another great app that allows users to track numerous digital currencies and get reliable information as soon as possible. Many consider it to be the best and most convenient app for tracking prices. For crypto traders, it is of utmost importance to have precise information about their chosen coins, which is exactly what Blockfolio offers, which makes it the most popular app of this kind today.

Typically, if a user has accounts on different exchanges, as well as several wallets, all of which contain different coins, it would be extremely difficult for them to keep track of their entire portfolio at the same time. However, Blockfolio allows them to do just that, and the process is as simple as adding the desired coin on the list, after which the app will provide all the available details for these coins.

The speed of reacting to market changes is a vital aspect of crypto trading, and thanks to Blockfolio, traders will never have to go through numerous exchanges in order to keep track of their coins again.

TabTrader

Next, there is TabTrader, which is an app that allows exchange traders to do their trading at any time via nothing more than their smartphone. The app manages trading on various exchanges through the use of API keys. This means that traders who use several exchanges can connect them all and perform trading operations via a single app. The app also has other functionalities, such as the ability to analyze crypto prices and carry out all necessary technical analysis.

TabTrader already supports most of the large exchanges, as well as all of the trading pairs available on those exchanges. As mentioned, all that users need to have is an account on the exchanges they wish to trade at, and TabTrader can link them all to its app. As a result, traders can do all of their trading from a single place, without the need to go from one exchange to another every time there is a shift in the market.

Furthermore, the app cannot affect the users’ assets, be they crypto or fiat, meaning that users are not in any danger of leaving their funds unsecured.

zTrader

Finally, there is zTrader, which is a mobile app that allows users to trade on various exchanges, with more than 100 altcoins already integrated. The app also already includes over 20 trading platforms, which allows users to quickly and easily manage their accounts from a single app. However, it should be noted that this app is currently only available for Android users, although the iOS version should arrive at some point as well.

zTrader is currently one of the most popular tools used by traders around the world due to its convenience. Traders can reach 20 different exchanges with a single account, which makes it easy to manage their funds without having to have 20 different apps for every service.

The app also comes with a variety of features, such as the ability to display the entire portfolio balance, new crypto-related data, open orders, and much more. Users can even enable alerts when prices reach the desired mark so that the app will notify them when to start trading.

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EOS: Block.one CEO issues rallying cry to the community as coin leads cryptocurrency surge – AMBCrypto News

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The company behind EOS, the fourth-largest cryptocurrency in the market, Block.one, has issued a rallying cry to the token’s community via their CEO Brendon Blumer’s message on Telegram.

Titled “Great things take time”, Blumer spelled out his vision for EOS in the message. He started off by stating that operations cannot be pushed by a single team and multiple parallel teams need to be built for new products, without compromising the existing units.

The message stated:

“Great things take time; parallel teams need to be built to deliver new products without sacrificing the progress of existing business units, and that means hiring new people which comes with time limitations that can’t always be shortcut with capital.”

He further mentioned that there has been a lot of hype within the community about upgrades and applications among others, and Blumer, as the CEO of the development company, does not want to employ a “short-sighted” approach to simply satisfy these unrealistic expectations, nor does he want to push products out for merely “commercial reasons”.

Blumer also added:

“The truth is, the EOS community’s justified excitement has led to unrealistic expectations to simultaneously deliver protocol upgrades, introduce revolutionary new mainstream consumer applications, and take responsibility for optimal decentralized governance. As we continue to grow, I as CEO, will not foster short-sighted hype designed to solely satisfy unsustainable expectations. Further and most importantly, I am not supportive of rushing unpolished products out the door for purely commercial reasons.”

Blumer further said that Block.one could have gone dormant until their next development is introduced in the market. However, Blumer believes that it is his responsibility to inform the community of any advancements that B1 has made or will make. He added that this will enhance the culture and human resources of the organization, which is directly beneficial to the entire community.

In his own words:

“It would be easy for me to just go quiet until we release our next product, but communicating consistently with hundreds of thousands of people, while juggling the responsibility of corporate execution is an enormous task that can sometimes feel like trying to satisfy an impossible set of constraints. Remember, money doesn’t immediately solve all problems, and healthy growth of culture and Human Resources takes time and patience, but in the end it will increase the chances that B1 develops in a way that the community is rewarded, and proud of.”

The announcement by Blumer, coupled with the bullish tendencies of the market, has shot EOS up by a staggering 23 percent against the US dollar and the coin is now trading at $3.60, up from $2.84 at the beginning of the week. The market cap of the coin now stands at $3.27 billion, with the coin adding a $350 million lead against Litecoin [LTC], which now has a market cap of $2.91 billion.

Blumer concluded:

“I’ve come accept that regardless of my determination and work ethic, I will not satisfy everyone, but whether you support me or not, you have my commitment that I’ll continue to test the boundaries of myself and the B1 team to deliver as much positive change and restoration of freedoms as possible; Dan too.”


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Graduate of Finance and Economics, interested in the intersection of the world of decentralized currency and global governance.

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Bitcoin Price Crosses $4,000 for First Time in Six Weeks – CryptoGlobe

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Bitcoin (BTC) today extended its mini-bull run, crossing the significant $4,000 mark for the first time since January 9, according to data from CryptoCompare.

bitcoin price

Beginning on Sunday evening (February 17th), there has been a market-wide rally, with top altcoins including ETH, XRP and EOS experiencing significant price surges.

With over $15bn added to the total crypto market cap since Sunday, this latest milestone comes amid expectations that bitcoin could record its first monthly green candle for over 6 months.

Cryptocurrency trader Josh Rager argued recently that if BTC manages to stay above $3,413 for the rest of the month, we would see a green candle for February.

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Bitcoin Surged Past $3,900 But it May Be Too Early For the Crucial $4,000 Level – newsBTC

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For the first time in a blue moon, the crypto market underwent a notable rally. Since Ethereum (ETH) bulls began to show signs of life on Sunday, with the cryptocurrency rallying past $130, Bitcoin (BTC) and other digital assets have followed close behind.As of the time of writing, BTC has found itself at $3,920, approaching the ever-important level of technical and psychological resistance at $4,000. Ether has neared its $150 mark, as ETHDenver and the upcoming Constantinople hard fork have seemingly given the asset a slight boost. A majority of other cryptocurrencies have also posted notable gains, which comes after a ten-day lull in this budding market.Gains across the board, which were backed by a staggering $34 billion in daily nominal volume, have allowed the aggregate value of all cryptocurrencies to swell from $120 billion on Sunday morning to $133 billion currently — a gain of a jaw-dropping 10% in under 36 hours.Related Reading: Bitcoin Surges Nearly 10%, Analyst Claims BTC Likely to Target Mid-$4,100 Region NextWhile some optimists have called further short-term highs from here, analysts have remained cautious, predicting short-term pullbacks.Analysts Expect Bitcoin PullbackFinancial Survivalism, a full-time crypto trader that recently called for BTC to bottom at $1,165, noted that the cryptocurrency peaking just shy of $4,000 was likely the end of yesterday’s run. The self-proclaimed “financial revolution prepper” explained that the four 15-minute and nine 15-minute exponential moving averages (EMAs) recently underwent a “bearish crossover,” leaving BTC below it.That might have been the end of today’s run. 4 & 9 EMA’s recently made bearish crossover with price below. $BTC is +8% in the last 24 hours. For the most part 8% – 10% is the most it likes to move in one day. I’m expecting pullback to $3,750 before retesting $4,100 – $4,200. pic.twitter.com/NhheoSu6XB— Financial Survivalism (@Sawcruhteez) February 18, 2019Considering Bitcoin’s propensity to undergo a 10% rally or drop in a day’s time, rather than anything more, coupled with the status of short-term EMAs, Survivalism concluded that a pullback to $3,750 could be a possibility to precede a rally past $4,100.David Puell, a lesser-known, yet well-respected trader, also remained skeptical in the very short-term. Puell noted that as it stands, BTC is currently trading in a bull trap pattern, and could be eventually pushed down by a declining trendline, along with the 30-week moving average.$BTC: If we get there, beware the bull trap, lads. Lots of work yet to be done. pic.twitter.com/R9jpiGMK02— David Puell (@kenoshaking) February 19, 2019Puell also noted that the fact that weekly volumes are in a downtrend should have investors worried, as this could indicate that there is little propping up the crypto market as is.Does This Crypto Rally Have Legs?While the aforementioned analysts seem to be convinced that a short-term pullback would be in order, some argue that Bitcoin still has legs to run on. The team at Bitcoin Bravado, a leading crypto-centric technical analysis outfit, recently divulged that due to the influx of volume seen Sunday and Monday, along with the fact BTC surpassed its 50-day EMA, this move could see further upside.After failing to retake the 50-day EMA for over 3 months, $BTC has blasted through with nearly double the daily volume of any other day in 2019.Based off the influx of volume, we think this move has a lot more legs. pic.twitter.com/kpAKtVnHMk— Bravado® (@BitcoinBravado) February 18, 2019Mati Greenspan, eToro’s in-house crypto researcher, echoed the idea that the notable levels of volume should have investors enthused. In a recent Twitter thread, Greenspan noted that a “very healthy sign” is that the recent market price action was catalyzed by “strong volume,” adding that this means this move is likely “more meaningful” than the sporadic pumps seen historically.Although some would claim that it’s too early to be bullish from a medium-term (or longer) standpoint, Monday’s move has already convinced some that bears are preparing for hibernation. Trader Mayne, a long-time cryptocurrency trader, noted that as there have been notable bullish moves over recent weeks, it wouldn’t be nonsensical to claim that the bear market could be over. He added that those stuck with bearish lenses, like Murad Mahmudov, Tone Vays, along with other short-term skeptics, could miss out.Some may be calling for an end to the bear market, but there remains a notable level that Bitcoin needs to breach confidently to confirm a longer-term bull trend. For those who missed the memo, this level is around $4,800, which Greenspan, Survivalism, and the Bravado team pointed out in recent tweets. In their eyes, the 200-day EMA, currently situated around the aforementioned price point, will continue to be an important level of resistance, as this measure supported Bitcoin throughout multiple times its 2017 rally.As traders say, old levels of support become new levels of resistance (or vice-versa).Featured Image from Shutterstock

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