Bitcoin Magazine

Via BitcoinMagazine – 12:25 am April 24, 2019
n nn nn Online banking platform Cashaa is set to allow users to purchase bitcoin, ether and Cashaas own token, CAS, using major credit and debit cards.This new service is a follow-up to the Business Banking Services Cashaa launched earlier in April 2019, which allows both individuals and private firms to open accounts with Cashaa and accept cryptocurrency payments. According to a company statement shared with Bitcoin Magazine, the service will be available to user

Via BitcoinMagazine – 12:25 am April 24, 2019
n nn nn Lightning Labs just released an alpha version of its Lightning Network wallet. The desktop application is now compatible with Bitcoins mainnet and it leverages Neutrino the protocol, not the analytics company acquired by Coinbase to give users a lightweight option to control their own funds, as opposed to running a full node or trusting a third party to play custodian.This release required a diverse skill set of protocol engineering, product development an

Via BitcoinMagazine – 10:45 pm April 23, 2019
n nn nn Japans Financial Services Agency FSA is looking into two major cryptocurrency exchange platforms as part of an investigation.According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group FDAG and Huobi Japan, the Japanese subsidiary of Huobi Global.FDAG recently acquired the crypto exchange

Via BitcoinMagazine – 9:35 pm April 23, 2019
n nn nn n nnSummaryBitcoin clearly broke upward out of reaccumulation trading that had spent three weeks consolidating sideways.The market has begun to drift into a zone of supply between the $5,700 and $6,000 levels. There are a lot of underwater positions that are looking to break even, so it seems likely that we will start to encounter sellers looking to get out of the market.The daily Bollinger Bands consolidated tightly and have begun to expand indicating

Via BitcoinMagazine – 8:31 pm April 23, 2019
n nn nn Online investment service TD Ameritrade might be giving its users simulated exposure to bitcoin and litecoin through a new, but not-yet-live, offering on NASDAQ.According to reports on social media, the brokerage platform is offering paper trades for bitcoin and litecoin through NASDAQ. Paper trading is a simulated form of trading that lets users exchange an asset without actually buying or selling it for real money think of it like a testnet of sorts.In a

Via BitcoinMagazine – 6:05 pm April 23, 2019
n nn nn The recent bitcoin rally has driven bitcoin mining profits. Profits earned from bitcoin mining have seen a clear rise since the start of April 2019 and hit a near half-a-year high on April 15, 2019.Source BCtrendAccording to crypto analyst Alex Kruger, the breakeven cost for efficient bitcoin mining operations currently hovers around $3,550 to $4,350, while the price of bitcoin is in the $5,500-plus range at the time of this writing. That ensures a $1,000-

Via BitcoinMagazine – 4:05 pm April 23, 2019
n nn nn Joel Ortiz, the 21-year-old student who was accused of stealing over $7.5 million in digital assets via a SIM swapping operation, has been sentenced to 10 years in prison. He had pleaded guilty in February and accepted the plea bargain.According to the official documents released on April 22, 2019, Ortiz was accused by the Santa Clara County District Attorneys Office of hacking over 40 cellphones.The attorneys office labeled him a prolific SIM swapper, not

Via BitcoinMagazine – 4:05 pm April 23, 2019
n nn nn Andrei Poliakov is the CEO and co-founder of Coinberry, one of Canadas premier digital currency platforms. His company is the first in Canada to partner with a government municipality.I am an engineer by trade. Creating more efficient processes, products and eventually building businesses has been a passion of mine since I can remember. When I got involved with blockchain technology, I realized right away the potential benefits the application of this new

Via BitcoinMagazine – 9:05 pm April 22, 2019
n nn nn If youre a creditor in Mt. Goxs civil rehabilitation case, the defunct exchange may have automatically filed and approved a reimbursement claim for you provided that your Mt. Gox account was verified when it was still operating.According to a Reddit post from user DerEwige on April 22, 2019, Nobuaki Kobayashi, a Japanese attorney and trustee of the ongoing case, has alerted former Mt. Gox users who didnt voluntarily apply for reimbursement that they will

Via BitcoinMagazine – 8:25 pm April 22, 2019
n nn nn Crypto payment startup Moon has announced an online web browser extension that allows crypto users to make purchases on e-commerce sites like Amazon.com with Lightning Network payments, CoinDesk reported.Once the extension has been added to a users browser, they will be prompted to register and integrate it with a Lightning-enabled wallet.It should be pointed out that Amazon itself doesnt accept bitcoin. Rather, the process begins with the user paying with

Via BitcoinMagazine – 10:55 pm April 19, 2019
n nn nn The Financial Crimes Enforcement Network FinCEN, a bureau within the U.S. Department of the Treasury, has imposed its first-ever penalty on a peer-to-peer crypto exchange for violating AML regulations, among other violations.FinCEN announced the penalty on its website on April 18, 2019, declaring that it had levied a civil money penalty against bitcoin trader Eric Powers for failing to register as a money services business MSB, having no written policies o

Via BitcoinMagazine – 9:45 pm April 19, 2019
n nn nn Bitcoin fund Adamant Capital is convinced that the bottom of the bear market is in, and true to its name, the firm has laid out an unwavering case for this position with some persuasive hard data and fundamental analysis.The report, authored by Adamant founders Tuur Demeester and Michiel Lescrauwaet, argues that bitcoin is undervalued at its current price, mirroring sentiments held in Adamants 2012 and 2015 reports during bitcoins previous downtrends. Weak

Via BitcoinMagazine – 3:45 pm April 19, 2019
n nn nn Aleksandr Lukashenko, the president of Belarus, met with the countrys IT community to discuss the growth of its native tech industry, according to the state-owned national news agency, the Belarusian Telegraph Agency.The meeting was reportedly set up at the presidents request and he promised government support for Belarusian fintech companies.Lukashenko also reportedly outlined some of the progress that the government has made with IT development, while al

Via BitcoinMagazine – 2:25 pm April 19, 2019
n nn nn Gibraltar Blockchain Exchange GBX has appointed in-house Head of Business Development Kurt Looyens, as its new CEO.Looyens formerly held the position of Country Executive at ABN AMRO Bank in Spain, and he will be taking over from Nick Cowan, as the latter transitions into his role as CEO of the Gibraltar Stock Exchange GSX Group.The move is one that is coming at a crucial time for the regulated token sale platform and digital asset exchange, as its digital

Via BitcoinMagazine – 10:55 pm April 18, 2019
n nn nn An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U.S. presidential election, the Mueller Report claims.The culmination of a two-year investigation, the Report On The Investigation Into Russian Interference In The 2016 Presidential Election details the findings that Special Counsel Robert Mueller and his team uncovered during their inquiry into whether or not the Trump campaign collude

Via BitcoinMagazine – 8:20 pm April 18, 2019
n nn nn Global payment processing platform PayPal has been awarded a patent for a technique that can help with the timely detection and reduction of ransomware attacks. Ransomware attacks are a form of malware that takes over the victim&x27s computer, locks up the files therein and demands a ransom before the files can be accessed again often to be paid in cryptocurrency.Frequently, the malicious party will demand that the user pay him some amount of anonymou

Via BitcoinMagazine – 7:45 pm April 18, 2019
n nn nn Decentralized autonomous organizations DAOs are one of crypto&x27s more novel and ambitious applications one that Bitcoin, until recently, has had nothing to do with.In practice, they&x27re a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain&x27s cryptographic controls rule of code, so to speak. Using tokenomics and technical

Via BitcoinMagazine – 5:05 pm April 18, 2019
n nn nn Crypto exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries.In the announcement, Coinbase explains that cryptocurrencies are in a transition period, which will see them move from being investment options to utilities. According to the exchange, the enablement of crypto-to-crypto conversions will serve as the backbone of this new decentralized economy.The new feature will be available to C

Via BitcoinMagazine – 5:05 pm April 18, 2019
n nn nn Decentralized autonomous organizations DAOs are one of crypto&x27s more novel and ambitious applications one that Bitcoin, until recently, has had nothing to do with.In practice, they&x27re a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain&x27s cryptographic controls rule of code, so to speak. Using tokenomics and technical

Via BitcoinMagazine – 12:57 am April 18, 2019
n nn nn To many on the outside, the blockchain industry and speculative crypto markets are one and the same, which often leads to misunderstandings. For the two entities that regulate the market, the U.S. Securities and Exchange Commission SEC and the Financial Industry Regulatory Authority FINRA, the result is that they tend to either look at the whole industry as an &quotunregulated mess&quot or view it with concerns about fraud or &quotoperational r

Via BitcoinMagazine – 12:57 am April 18, 2019
n nn nn The Winklevoss twins reached a settlement with Charlie Shrem on April 16, 2019, declaring that their case against him has been dismissed with prejudice and will not be reopened.The twins, who founded the Gemini cryptocurrency exchange, originally sued Shrem, the founder of early bitcoin company BitInstant, in November 2018, alleging that Shrem stole 5,000 bitcoin from the pair in 2012. They asserted that Shrem agreed to build a stockpile of cryptocurrency

Via BitcoinMagazine – 7:02 pm April 17, 2019
n nn nn RIF Labs has announced the integration of its public blockchain, RSK Smart Contracts, on Microsoft&x27s Azure Marketplace. The RSK Smart Contract Network is an open-source platform that seeks to extend the functionality of Bitcoin using smart contracts and the Azure Marketplace is an app store for Microsofts cloud computing service.Prior to the integration, RIF Labs customers had to deploy local servers while manually setting up and maintaining nodes f

Via BitcoinMagazine – 4:51 pm April 17, 2019
n nn nn U.S.-based cryptocurrency exchange Kraken has delisted Bitcoin SV BSV, per an official announcement on its blog.In the announcement, the exchange noted that the digital asset had exhibited behavior opposite to its standards and those of the wider crypto community.Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for, the post reads.The deli

Via BitcoinMagazine – 10:01 pm April 16, 2019
n nn nn n nnSummaryDespite some strong, intraday selling, bitcoins macro-bullish market structure remains intact. So far, we have seen a test of two daily levels and have clearly established support. At the moment, the bitcoin market is working on testing a third level, but is currently feeling out the strength of the supply and demand.We have yet to see a strong test of the overhanging liquidity zone in the $5,700 to $6,000 range so, it seems logical to see a

Via BitcoinMagazine – 7:11 pm April 16, 2019
n nn nn Per an official announcement, the cryptocurrency exchange Gemini Trust has confirmed full integration of Segregated Witness SegWit addresses to its wallet infrastructure. Gemini hopes its users will benefit from improved processing times and lower bitcoin withdrawal fees.We believe SegWit will become the standard, and in doing so, will create extensive benefits for all participants on the Bitcoin network, Brian KimJohnson, a Gemini software engineer, state

Via BitcoinMagazine – 7:10 pm April 16, 2019
n nn nn The Bitcoin community has been contributing to a crowdfunding campaign to restore the famous Notre-Dame de Paris, which suffered a catastrophic fire on April 15, 2019.During an ongoing renovation effort, the nearly 900-year-old cathedral experienced a colossal blaze due to what is currently believed to be a construction accident. The fire caused significant damage to the church, causing, amongst other damage, the buildings spire to collapse and the roof to

Via BitcoinMagazine – 7:10 pm April 16, 2019
n nn nn Theyre doing it in British Columbia, Quebec, Manitoba, Alberta and Labrador bitcoin miners in Canadian provinces are taking advantage of the countrys cool climate and abundant supplies of hydroelectric power.A number of provincial governments are offering lower rates to attract bitcoin miners and Labradors government is considering energy incentives to attract what it says are outstanding requests for service from bitcoin and other data centre processors,

Via BitcoinMagazine – 3:00 pm April 16, 2019
n nn nn Last month, the South Korean exchange Bithumb lost about $13 million worth of cryptocurrency to hackers. While it initially appeared unlikely that the funds would ever be recovered, a recent police raid conducted in South Korea is giving hope that some of the money may be returned.Per reports from a local news outlet, the Cyber Investigation Department of South Koreas National Police Agency has seized an external server that it believes to be associated wi

Via BitcoinMagazine – 10:00 pm April 15, 2019
n nn nn A treasure hunt for $1 million worth of bitcoin is officially underway.In a cryptic, rambling message broadcasted to the Blockstream Satellite on April 13, 2019, an anonymous user challenged the rest of the Bitcoin community to a million dollar hunt for what they called Satoshis Treasure, a contest which will test the resolve, courage, intelligence, and savvy sic of would-be hunters, the game master claimed. At the current exchange rate, the contests award

Via BitcoinMagazine – 9:25 pm April 15, 2019
n nn nn The political spectrum is usually divided into four main categories libertarian left, authoritarian left, libertarian right and authoritarian right. Those on the left prefer a more controlled economy, while those on the right have a preference for free markets. Libertarians tend to promote more liberal social policies, while authoritarians want to control what people do in the privacy of their own homes.This is generally how political leanings are defined

Via BitcoinMagazine – 7:05 pm April 15, 2019
n nn nn The cryptocurrency exchange Binance is officially removing Bitcoin SV BSV from its trading options, according to a company blog post.The delisting comes after Binance CEO Changpeng Zhao aka CZ threatened to delist the Bitcoin Cash fork coin in response to Craig S. Wright, the coins creator, threatening Lightning Torch prometheus Hodlonaut with a lawsuit.n Craig Wright is not Satoshi.Anymore of this sh!t, we delist! https//t.co/hrnt3fDACq&mdash CZ Bi

Via BitcoinMagazine – 8:55 pm April 12, 2019
n nn nn n nnSummaryThe bullish market structure that we have established over the last couple of weeks remains intact, despite the strong round of selling that the bitcoin market saw a couple of days ago.The weekly 50 exponential moving average EMA is currently in the process of being tested but the market has been unable to close a weekly candle above it.The intraday levels have shown support following the round of selling.If the current levels do not hold, we

Via BitcoinMagazine – 8:20 pm April 12, 2019
n nn nn Bitcoin trader Jacob Burrell Campos was sentenced on April 8, 2019, to serve a two-year prison sentence and to forfeit more than $800,000 for operating an unlicensed money transmitting business.The U.S. Department of Justice DOJ announced the conclusion of this case on its official website, claiming that Campos had already been in custody without bail for eight months prior to this verdict. He entered a guilty plea in late October, the DOJ stated, admittin

Via BitcoinMagazine – 8:20 pm April 12, 2019
n nn nn This article was originally published by 8btc and written by Chloe Jiang.The former director of Bitmains mining farm, a leading bitcoin mining operation, once said the wet season may not be as much of a boon for miners as many thought. As he expected, mining farms in Sichuan currently report that the supply of slots for mining equipment has far exceeded the demand.The wet season in Sichuan usually begins in April and ends in October every year. During this

Via BitcoinMagazine – 11:42 pm April 11, 2019
n nn nn The Lightning Torch, a Lightning Network payment that has been forwarded to bitcoiners around the world via Twitter, has run its course and reached its end in the charitable hands of Bitcoin Venezuela.Its grown a lot since we last covered it in February. In fact, the term Torch doesnt seem to do it justice anymore. At this point, it could rightly be called a bonfire.Admittedly, itd be impossible to pass a bonfire around the world a Torch sounds much more f

Via BitcoinMagazine – 9:42 pm April 11, 2019
n nn nn Julian Assange, co-founder of Wikileaks and early Bitcoin supporter, was arrested at the Ecuadorian Embassy in London and faces extradition to the U.S. on conspiracy charges.Having spent the last seven years seeking asylum in the embassy, Assange has at last lost the support of the Ecuadorian government. He was arrested on April 11, 2019, for failing to appear in British courts. Originally in hiding due to a Swedish arrest warrant over allegations of sexua

Via BitcoinMagazine – 9:42 pm April 11, 2019
n nn nn Bittrex, a United Statesbased cryptocurrency exchange platform, has issued a response to the recent setback in its plans to expand to New York.Yesterday, the New York State Department of Financial Services NYDFS rejected the exchange&x27s BitLicense application, a requirement for offering crypto-based services to New Yorkers.NYDFS also published a letter addressed to Bittrex CEO Bill Shihara, where it cited inadequate Anti-Money Laundering AML, Know-Yo

Via BitcoinMagazine – 9:42 pm April 11, 2019
n nn nn Major U.S.-based crypto platform Coinbase has launched the Coinbase Card, a debit card that lets U.K. customers make purchases online and in-store using cryptocurrency.The new card will link the customers&x27 crypto balances held on the Coinbase platform with their debit cards converting crypto holdings into fiat currencies to complete each transaction.The Coinbase card gives users the ability to make payments via &quotcontactless, Chip and PIN, a

Via BitcoinMagazine – 9:42 pm April 11, 2019
n nn nn Within the sphere of traditional finance, at least, crypto has a custody problem. The problem Crypto is complicated, security is tricky and if were being frank the suits dont know a bit from a byte or a blockchain from a cloud server.In fact, you could rightly say that what makes crypto, well, crypto actually makes them nervous. Unlike settling traditional assets, you cant reverse a bitcoin transaction, the blockchain offers no internal or centralized co

Via BitcoinMagazine – 9:42 pm April 11, 2019
n nn nn Craig S. Wright has officially taken the first steps in a legal action against a member of the Bitcoin community, according to a letter shared with Bitcoin Magazine.The self-described Satoshi Nakamoto and Bitcoin SV creator has threatened to sue Hodlonaut, the creator of the Lightning Torch, for a series of tweets labeling him a fraud on Twitter. Following the forksplit of Bitcoin SV from Bitcoin Cash and Wrights continued indefatigable insistence that he

Via BitcoinMagazine – 11:27 pm April 10, 2019
n nn nn The Understanding Bitcoin conference held in Malta from April 5 to April 7, 2019, was all about turning regular Bitcoin users into power users.Bitcoin hardware and software is often more configurable than people realize or they do realize this but are unable to take advantage of it. Spread throughout the conference were 18 demos by leading Bitcoin developers and experts illustrating how to make the most out of available Bitcoin tools.For your convenience,

Via BitcoinMagazine – 11:27 pm April 10, 2019
n nn nn This article was originally published by 8btc and written by Lylian Teng.Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.With the rapid downfall of bitcoin prices in late 2018 and increasing electricity bills, Chinese mining investors are looking for alternative places to sustain their businesses. The tightened regu

Via BitcoinMagazine – 8:43 pm April 10, 2019
n nn nn Electrum servers are still under a sustained Denial-of-Service DoS attack. The wallet developers announced the issue on April 7, 2018.In correspondence with Bitcoin Magazine, Electrum developer Thomas Voegtlin speculated that the attack may be a form of retaliation from a phishing attacker who has been targeting Electrum in recent weeks. Since his phishing attacks had been thwarted, the attacker could now be resorting to DoS attacks instead, simply to frus

Via BitcoinMagazine – 8:42 pm April 10, 2019
n nn nn Bitfinex is now open to every trader as the Hong Kong-based cryptocurrency exchange has removed its $10,000 minimum balance rule.Citing a rising demand from retail traders who couldn&x27t trade on the platform due to the requirement, Bitfinex CEO Jean-Louis van der Velde said the platform is now ready for a new wave of customer accounts, according to a company Medium post.We simply could not ignore the increasing level of requests for access to trade o

Via BitcoinMagazine – 8:42 pm April 10, 2019
n nn nn Another digital asset platform has received approval to do business in New York.Bitstamp, one of the largest crypto exchange platforms in Europe, has been granted a virtual currency license from the New York State Department of Financial Services NYSDFS. The exchange became the 19th firm approved to offer crypto-based services in the world&x27s financial center.The regulator announced in a press release published on April 9, 2019, that it had granted B

Via BitcoinMagazine – 6:32 pm April 10, 2019
n nn nn Its been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.On April 8, 2019, the case reached a critical fork in the road as a court, recognizing that attempts to restructure the exchange have failed, appointed business services firm Ernst &amp Young as the exchanges Trustee in Bankruptcy to watch over bankruptcy proceedings. It will a

Via BitcoinMagazine – 2:27 am April 10, 2019
n nn nn n nnSummaryThe bitcoin market has seen sustained buying pressure as the daily candles have continuously closed new highs following the impulsive move that brought us to the $5,000 levels.From an intraday perspective, we have established new support on three separate levels that were previously resistance as the market progresses along its supply and demand channel.Macro-wise, we are still sitting in a no mans land between macro support and macro resista

Via BitcoinMagazine – 10:26 pm April 9, 2019
n nn nn Crypto wallet provider Coins.ph has partnered with U.S. financial service company Western Union to enhance cross-border transfers to the Philippines.The partnership will grant over 5 million Coins.ph users access to both local and international payments transferred into their digital asset wallets.According to Coins.ph, the decision to partner with Western Union was based on its desire to ensure that people can receive cash payments from virtually every na

Via BitcoinMagazine – 10:02 pm April 9, 2019
n nn nn Chinas state planning agency, the National Development and Reform Commission NDRC, has indicated an interest in banning cryptocurrency mining in the country through a notice published online in Mandarin.The report stated that the NDRC will include cryptocurrency mining activities to a list of sectors that could be shut down based on their violation of local regulations, wastefulness, safety concerns or harmful contributions to the environment. The list inc

Via BitcoinMagazine – 6:12 pm April 9, 2019
n nn nn Cashaa is on a mission to bank the unbanked and wants to leverage Bitcoin to accomplish it.Bitcoin has long been touted as a way that anyone can be your own bank. But such promises can be misleading Although bitcoin itself provides some opportunities for individuals and businesses to manage their own money in ways that are not possible with fiat, it doesnt provide access to the full suite of services that a traditional bank provides.Cashaa was launched in

Via BitcoinMagazine – 11:05 pm April 8, 2019
n nn nn Bitcoins first decentralized exchange to make use of the Lightning Networks Atomic Swaps is now in beta.Sparkswap, an exchange with backing from Pantera Capital which announced its ambitious mission to become the most decentralized bitcoin exchange on the market in August 2018, has now opened its beta to users. Leveraging the Lightning Network, the exchange is non-custodial and trading is decentralized. Users will be able to execute buy and sell orders bet

Via BitcoinMagazine – 7:25 pm April 8, 2019
n nn nn With bitcoins recent surge to a five-month high, Zhao Dong, a bitcoin billionaire and one of Chinas biggest over-the-counter OTC traders, recently claimed on Weibo that the sudden jump in bitcoin price does not mark the end of the bear market and that the original cryptocurrency will continue trading in a range likely between $4,000 and $6,000 for a few more months.Bitcoin, the largest cryptocurrency by market capitalization, soared 20 percent to break $5,

Via BitcoinMagazine – 6:31 pm April 8, 2019
n nn nn This infographic provides a schematic overview of the main Bitcoin-related forks that can happen and shows the most important forks that have happened. It does not provide an overview of all forks that have happened.What Are Bitcoin ForksThe word fork is somewhat confusing because there are different kinds of forks that mean very different things.Codebase ForkA codebase fork is a copy of the code of a software implementation. A codebase fork typically make

Via BitcoinMagazine – 6:31 pm April 8, 2019
n nn nn New announcements around Bitcoins Lightning Network have been coming almost nonstop lately, with new exchanges, wallets and other services popping up seemingly every day.Two weeks ago, Zebpay announced its Lightning integration. Last week, Lightning Power Users officially launched and Bitrefill released an improvement to its Thor service. Just this morning, Sparkswap announced the public beta of its Lightning-powered exchange platform.Now, theres a brand-n

Via BitcoinMagazine – 6:31 pm April 8, 2019
n nn nn This article was originally published by 8btc and written by Chloe Jiang.Bitmain, the worlds largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.The new mining equipment in the 17 series will include the Antminer S17, Antminer S17 Pro and Antminer T17. According to Bitmain, these are the three most advanced BTC and BCH miners under the SHA-256 algorithm.The

Via BitcoinMagazine – 10:30 pm April 5, 2019
n nn nn n nnSummaryBuying pressure continues as the bitcoin market holds above the macro, bearish trendline and the monthly resistance level.There was a small amount of selling pressure but it was absorbed by eager bulls. The selling pressure seems to be profit taking as we continue to establish a low time frame uptrend of higher lows and higher highs.On a macro scale, we are sitting in between support and resistance levels and it seems very likely we will cont

Via BitcoinMagazine – 7:30 pm April 5, 2019
n nn nn The crypto payment platform Bitrefill has announced an upgrade to its Thor service.The upgrade is dubbed Thor Turbo, and its expected to speed up the process of connecting to Bitrefill&x27s Lightning node, according to a press release sent to Bitcoin Magazine.Bitrefill launched the Thor service in January 2019 as an on-demand Lightning channel service that allows users to receive payments whether they have bitcoin loaded into their Lightning wallets or

Via BitcoinMagazine – 7:30 pm April 5, 2019
n nn nn As part of an ongoing criminal case, a judge in Canada has ordered that a local online drug dealer must forfeit about 281.41 bitcoin worth about $1.4 million after it was found that he used the cryptocurrency to fund his illegal activities. Its been reported as Canadas largest-ever bitcoin forfeiture.In 2015, local authorities seized the dealers laptop and the BTC tokens worth about $65,885 at the time were found, according to a report by the Toronto Star.

Via BitcoinMagazine – 6:35 pm April 5, 2019
n nn nn Bolt-A-Thon, a unique kind of Lightning Network hackathon and conference kicks off today, April 5, 2019, to help gather contributors from all over the world and propel Bitcoins vital Layer 2 solution. But rather than host the event in person, the organizers adopted a core tenet of the Lightning Network itself into the very fabric of Bolt-A-Thon.The Lightning Network was built around the idea of financial inclusivity, explained Andrew Yang, the COO at Block

Via BitcoinMagazine – 3:45 pm April 5, 2019
n nn nn Over the years, Bitcoin has gained a reputation for having a toxic community of users around it. This accusation is mostly thrown at Bitcoin by proponents of altcoins and those who have supported various Bitcoin hard fork attempts in the past.Of course, this is an oversimplification of the Bitcoin community. Crypto Twitter, which is the main hub of online cryptocurrency conversations these days, does not make up anywhere near the entire Bitcoin user base.

Via BitcoinMagazine – 8:20 pm April 4, 2019
n nn nn The China-based crypto exchange giant Binance has announced that it will launch Binance Singapore this month, a fiat-to-crypto exchange with support for the Singaporean Dollar SGD.Binance offered few details in the Twitter announcement except for the explicit confirmation that the exchange will be operational within a matter of weeks.This news has been in the making for several months. At an event in Singapore in September 2018, Binances founder and CEO, Z

Via BitcoinMagazine – 8:20 pm April 4, 2019
n nn nn A new report by the software firm DataLight predicted that Bitcoin could become the worlds top payment system within the next decade if it maintains its current growth rate.In just 10 years, Bitcoin has managed to compete with the leaders of the payment system industry, the report found. Bitcoins development is occurring exponentially. If it maintains this pace, in another 10 years, it will surpass all competition.For so long, global payments have been cha

Via BitcoinMagazine – 7:20 pm April 4, 2019
n nn nn In an official blog post published on April 4, 2019, the Viennese cryptocurrency brokerage platform Bitpanda confirmed that it has received a license to operate as a payment service provider in Austria.Specifically, Bitpanda received the Payment Services Directive 2 PSD2 license, an order that provides oversight into the operation of service providers in both the European Economic Area EEA and the European Union.With this license in hand, entities in the E

Via BitcoinMagazine – 4:55 pm April 4, 2019
n nn nn This article was originally published by 8btc and written by Olusegun Ogundeji.Bitcoin has crossed the $5,000 price range again after its first reach to that level in 2017 following a sudden breakout on April 2, 2019. This unfolding price scenario should not immediately be ruled out as a repeat of what happened in 2017. However, as the market reaction seems to be positive so far given that bitcoin sits at $5,214 at the time of this writing, recent developm

Via BitcoinMagazine – 10:55 pm April 3, 2019
n nn nn The CoolWallet S, made by CoolBit X, combines hot and cold storage solutions, blending the mobility afforded by software wallets with the enhanced security features offered by hardware wallets. Branded as the everyday wallet for crypto users, the CoolWallet S is designed to be used on-the-go, allowing its users to track their investments, send and receive assets and instantly exchange currencies through Bluetooth-enabled, dual-device technology.The CoolWal

Via BitcoinMagazine – 10:40 pm April 3, 2019
n nn nn The U.S. Securities and Exchange Commission SEC has published an investment contract framework for digital assets, which is intended to give crypto companies guidance as to whether a cryptocurrency is a security. Its the first major culminating work of the SECs FinHub initiative, a strategic group the commission launched in October 2018 to liaise with fintech and cryptocurrency companies and work toward more substantial regulatory guidance.This concrete fr

Via BitcoinMagazine – 10:40 pm April 3, 2019
n nn nn But what isnt an opinion is the fact that the Chinese government had nothing to do with these ratings, despite the popular perception that it does.The government doesnt sponsor the rankings, it doesnt endorse them and it sure as hell doesnt make them. You have to understand this in order to rationalize the congratulatory and reinforced cognitive bias that TRON, NEO and EOS bagholders must feel when these ratings come out.The latest iteration of CCIDs Globa

Via BitcoinMagazine – 8:20 pm April 3, 2019
n nn nn This article was originally published by 8btc and written by Chloe Jiang.The price of bitcoin surged above $5,000 for the first time in 2019, bringing other major cryptocurrencies up with it. The collective market surged and broke the $140 billion mark for the first time in a week. Many investors who suffered from the crypto crash rekindled their hopes and now believe that the bull market is coming back. However, that may not be the case.For example, Zhao

Via BitcoinMagazine – 1:00 am April 3, 2019
n nn nn The San Juan Mercantile Bank &amp Trust International SJMBT, a new bank in Puerto Rico catering to cryptocurrency traders, is now fully operational.SJMBT announced its receipt of all appropriate licensing from Puerto Rican regulatory officials to begin offering fiat and digital asset custody and settlement services, which are to be integrated with the trading platforms offered by its affiliate, the San Juan Mercantile Exchange SJMX.The combination of b

Via BitcoinMagazine – 1:00 am April 3, 2019
n nn nn Introducing our first video price analysis by Bitcoin Schmitcoin.n nnSummaryBitcoin broke out of a massive consolidation pattern known as an Adam and Eve double bottom. The breakout was fueled by short liquidations that stacked up around the $4,000 level over the last 45 months.The measured move for the breakout has us testing several resistance levels and ultimately has a price target of around $5,300.We have managed to break the immediate bearish mark

Via BitcoinMagazine – 1:00 am April 3, 2019
n nn nn QuadrigaCX monitor Ernst &amp Young suspects that the beleaguered exchanges late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cottens estate be placed under a preservation order.In January, the exchange announced that it was insolvent, owing clients roughly $250 million CAD, after Cotten died of septic shock while honeymooning with his wife, Jennifer Robertson, in Ja

Via BitcoinMagazine – 9:00 pm April 2, 2019
n nn nn The peer-to-peer bitcoin marketplace Paxful announced today, April 2, 2019, that its introducing AI-powered identity verification to help improve know-your-customer KYC and anti-money laundering AML procedures on the platform.Teaming up with Jumio, a digital identity and address verification company, Paxful is hoping that this added verification will help to minimize fraud risk.Speaking to Bitcoin Magazine, Ray Youssef, co-founder and CEO of Paxful, said t

Via BitcoinMagazine – 6:10 pm April 2, 2019
n nn nn The Tokyo-based cryptocurrency exchange Coincheck has launched a Bitcoin over-the-counter OTC trading service for its users, per a post published on its official blog.The platforms OTC trading desk will serve the needs of large-scale and institutional investors that want to trade large volumes of digital assets. Trading starts from 50 BTC worth about $207,900 USD at press time via Coinchecks web interface.Currently the OTC trading desk serves only investor

Via BitcoinMagazine – 6:10 pm April 2, 2019
n nn nn Startup life is full of snakes and ladders, but in the blockchain market there are currently more snakes.To play the game, roll the dice to advance if you land on a snakes head, go to its tail. If you land on the bottom of the ladder, move to the top. Good luck!nn nn This article originally appeared on Bitcoin Magazine. n n

Via BitcoinMagazine – 3:08 am April 2, 2019
n nn nn The Pakistani government will now regulate local cryptocurrency firms under new legislation. Local news outlet The Express Tribune reported that the government of Pakistan will introduce Electronic Money Institutions EMI regulations based on the recommendations of the Financial Action Task Force FATF.The FATF is an intergovernmental organization based in France that creates policies for combating money laundering and other threats to the integrity of the g

Via BitcoinMagazine – 9:38 pm April 1, 2019
n nn nn This article was originally published by 8btc and written by Lylian Tang.The Chinese security service provider 360 Security has issued a warning that a large number of crypto exchanges have been targeted by the North Korean hacker group Lazarus and that the number is still rising after the recent hacks of crypto exchanges DragonEx, Etbox and BiKi.360 Core Security found that Lazarus, also known as the ATP-C-26 group, used software called Worldbit-bot to ca

Via BitcoinMagazine – 9:38 pm April 1, 2019
n nn nn At the Bitcoin Association of Hong Kongs Lightning Hack Day on March 31, 2019, Bitcoin developer Felix Weis presented a successful demonstration of his Lightning-enabled plugin for a Bitcoin ATM.Weis, who identifies himself on Twitter as a bitcoin traveler and freelance developer, demonstrated a Lightning-driven withdrawal using a 20 Hong Kong dollar HKD bill and a mobile bitcoin wallet on his cell phone.The software plugin was built in Java over the cours

Via BitcoinMagazine – 8:58 pm March 29, 2019
n nn nn Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17.The Antminer S17 is the latest in the companys line of fabless mining chips. According to the post, the chips, which are expected to go on sale from April 9, 2019, will provide an energy-efficient means of mining popular cryptocurrencies such as bitcoin and bitcoi

Via BitcoinMagazine – 5:52 pm March 29, 2019
n nn nn Malta-based cryptocurrency exchange Zebpay now supports Lightning payments. The exchange announced the news via a blog post, where it claims to be the &quotfirst major exchange&quot to enable Lightning payments for its users.Per the report, Zebpay users can now login into their wallet and use their bitcoin balances to make micro-purchases for free.Making Bitcoin technology widely accessible is a key component of our roadmap. Today, with the integra

Via BitcoinMagazine – 5:13 pm March 29, 2019
n nn nn The Bitcoin bull and bear market cycles are a pattern that produces significant developments when the market is cold, people tend to focus on building the next wave of groundbreaking technology. One of the most interesting things emerging from this particular bear market has been a concept known as decentralized finance, manifested primarily by services that allow you to earn interest or borrow against your cryptocurrency holdings.What Is DeFiDecentralize

Via BitcoinMagazine – 5:13 pm March 29, 2019
n nn nn Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, specifically, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.Are My Cryptocurrency Trades TaxableYes. Cryptocurrency is treated as property by the IRS in the United States. This means that it is subject to c

Via BitcoinMagazine – 12:12 am March 29, 2019
n nn nn By Bitcoin SchmitcoinCopyedit by Ashley LachanceSince mid-February, the bitcoin market has continued to drift upward toward a band of strong, macro resistance shown below as a red band. This slow, drift upward marks our fourth test of the resistance zone and, unlike the three prior tests, our rejection of the level has shown a weakness on the side of the bearsFigure 1 BTC-USD, Daily Candles, Fourth RejectionIf we compare the three prior rejections labeled

Via BitcoinMagazine – 8:22 pm March 28, 2019
n nn nn The Finland-based, peer-to-peer cryptocurrency trading platform LocalBitcoins released a statement on March 25, 2019, responding to a new act approved by the Finnish Parliament that will require users to verify their identities. This marks a major change for the service, which had been a primary way for users wishing to protect their anonymity to meet others willing to buy or sell bitcoin in person without sharing details about their identities.The Act on

Via BitcoinMagazine – 8:22 pm March 28, 2019
n nn nn Ohio might have made history as the first city to accept cryptocurrency for corporate taxes, but one Canadian town is adding its name to the books by becoming the first in North America to permit its citizens to pay their personal taxes in bitcoin.The tiny town of Innisfil with a population of 36,500, situated about 45 minutes north of Toronto, just approved an initiative that will allow its residents to satisfy their municipal taxes income taxes and prope

Via BitcoinMagazine – 8:22 pm March 28, 2019
n nn nn The European Union Agency for Law Enforcement Cooperation, better known as Europol, announced on March 26, 2019, that it has made an ongoing partnership with law enforcement from Canada, the United States and the member states of the European Union to target buyers and sellers of illegal items on the dark web.This announcement was made on Europols website, describing the progress of the crackdown to date, including 61 arrests made and over 6.2 million $6.9

Via BitcoinMagazine – 4:26 pm March 27, 2019
n nn nn Binance has partnered with Medici Ventures portfolio company IdentityMind, a risk management and regulatory-technology compliance platform, in a bid to enhance its fraud protection and compliance protocols.The companies announced the deal on March 26, 2019, calling it a joint mission to help raise the industrys standard.Founded in 2014, IdentityMind provides anti-money laundering services, fraud protection and due diligence solutions for banks and other fi

Via BitcoinMagazine – 8:46 pm March 26, 2019
n nn nn Samourai Wallet announced this month that its latest update supports Tor integration, offering additional privacy for users.What Does Tor Integration EnableIn a conversation with Bitcoin Magazine, Samourais lead developer, who is known simply as TD, gave a rundown of the Tor integration. He explained that using the Tor integration before creating a new wallet can shield a users identity beyond the fact that they are not required to provide any personal inf

Via BitcoinMagazine – 8:46 pm March 26, 2019
n nn nn The Singapore-based cryptocurrency exchange DragonEx has announced a security breach to its users via its official Telegram channel. In the message, a company administrator revealed that the hackers stole assets belonging to both the exchange and its users.Per the message from the admin, the attack occurred on March 24, 2019, and the exchange then decided to take its servers offline under the pretense of system maintenance/upgrade. A day after, users were

Via BitcoinMagazine – 5:26 pm March 26, 2019
n nn nn After a year on its testnet, the VeriBlock blockchain went live yesterday on the Bitcoin mainnet, allowing exchanges, wallet providers, merchants and other crypto businesses to leverage Bitcoins robust blockchain security.Now that its live on the mainnet, VeriBlocks model extends the Bitcoin blockchains security protection from 51-percent attacks to non-Bitcoin blockchains by linking them to the Bitcoin blockchain, offering it as a security backstop.How Do

Via BitcoinMagazine – 7:11 am March 26, 2019
n nn nn Bitmains long-anticipated initial public offering IPO filing with the Hong Kong Stock Exchange is officially a bust.The mining titans IPO expired on Tuesday, March 26, 2019. Bitmain filed the application for its IPO on September 26, 2018, and the Hong Kong Stock Exchange had six months to decide whether to reject the filing, graduate it to a hearing stage or let it lapse.After half a year in limbo, the exchanges inaction means the filing has officially exp

Via BitcoinMagazine – 11:25 pm March 22, 2019
n nn nn Earlier this month, blockchain startup Blockstream announced that its satellite messaging application programming interface API was launching on Bitcoins mainnet. Now, one enterprising bitcoiner has used this platform to beam the U.K.s proposed Brexit deal into space.The application allows users to beam data into space, which can be downloaded by anyone with the appropriate receiver. Users can pay for the service using the Lightning Network.In a post publi

Via BitcoinMagazine – 11:25 pm March 22, 2019
n nn nn A slow, grinding upward drift has been the name of the game for bitcoins market over the last few weeks. The upward drift is bringing us slowly to a level that was previously rejected violentlyFigure 1 BTC-USD, Daily Candles, Upward DriftOur third rejection of the red resistance level shown above brought the market into a test of macro support in the mid-$3,000s. After several tests of the support level, the market began to slowly drift upward in a stair-s

Via BitcoinMagazine – 6:50 pm March 22, 2019
n nn nn Earlier this month, the Bank of Mexico Banxico published a circular, wherein it laid out its plan to issue permits to bitcoin exchange platforms and other crypto-related businesses operating in the country.Banxicos circular stated that to get the right permits, crypto-based businesses in the country would be required to provide detailed business plans and company profiles.Each profile will have to contain various aspects of how the business operates includ

Via BitcoinMagazine – 3:40 pm March 22, 2019
n nn nn Last week, there was a panel at SXSW that was effectively a debate on the merits of permissioned blockchains versus permissionless systems like Bitcoin. I listened to the entire audio of the panel discussion, after Programming Bitcoin author Jimmy Song tweeted it out the other day, and I thought he did an awesome job of pointing out the key value proposition of Bitcoin and why it is not worth comparing to permissioned systems.What Was the Innovation With B

Via BitcoinMagazine – 6:10 pm March 21, 2019
n nn nn Lightning Labs, the development team working to grow the Lightning Network, just released the alpha version of a new protocol called Lightning Loop.Lightning Loop is designed to give users the ability to deposit and withdraw bitcoin from their payment channels the two-way payment gateways that allow users to send and receive funds to and from each other without closing these channels entirely.Lightning channels are like tubes of money the more you send the

Via BitcoinMagazine – 7:55 pm March 20, 2019
n nn nn Japanese regulators have reportedly approved draft amendments to the country&x27s financial instruments and payment services laws, introducing stricter regulations for margin trading of digital assets.A report by local news publication Nikkei Asia Review noted that the amendments will place a cap on available leverage for crypto margin trading, pegging it at two to four times the initial deposit.The report, published yesterday, also claimed that all cr

Via BitcoinMagazine – 5:05 pm March 19, 2019
n nn nn Crime isnt supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering. In 2017, Japans National Police Agency discovered fewer than 700 instances of crypto money laundering. Last year, they found more than 7,000 cases. What is it about this new asset class, which is enabled by blockchain distributed ledger technology, that makes it so appealing

Via BitcoinMagazine – 5:05 pm March 19, 2019
n nn nn As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canadas mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.In response to these calls for more regulation and calls from some crypto businesses for more regulatory clarity, the Canadian Securities Administrators CSA and

Via BitcoinMagazine – 5:05 pm March 19, 2019
n nn nn An Israeli court ruled on March 17, 2019, that banks can&x27t enforce a blanket ban against all accounts linked to cryptocurrency. Instead, the court said, banks need to consider the specific type and scope of crypto-related activity before determining whether or not to open an account.The case involved a lawsuit begun in May 2018 by Israminers, a bitcoin mining company based in Ukraine, against the Union Bank of Israel. The bank refused to accept depo

Via BitcoinMagazine – 5:05 pm March 19, 2019
n nn nn Avnet has become the latest major enterprise to begin accepting payment in bitcoin and other cryptocurrency. On March 19, 2019, the company announced that it will allow customers to pay for goods and services using bitcoin and bitcoin cash. Crypto payment processor BitPay will facilitate the transactions.Founded in 1921, Avnet is one of the oldest major American electronics companies. With more than 15,000 employees and net income north of $250 million, it