BITCOIN

Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

BITCOIN, Coin Desk, ETHEREUM
The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis. The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported. At press time, bitcoin, the world's biggest cryptocurrency by market capitalization, is trading hands at an average of $6,349 – a considerable improvement from yesterday, when the price hit a low of $5,921.65, according to the CoinDesk Bitcoin Price Index (BPI). Bitcoin hit a high of $6,612.73 during Wednesday's session, BPI data shows. A turnaround for the world's second largest cryptocurrency by market capitalization, ether (ETH) is perhaps most notable given the severity
Citrix Survey: More Than Half of UK Companies Hit by Cryptojacking Malware at Some Point

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

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
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 software company Citrix and performed by OnePoll, asked 750 IT executives from U.K. companies that number more than 250 employees about their experience with cryptojacking attacks. Cryptojacking malware employs its victim’s computational resources without their permission in order to mine cryptocurrencies for the attacker. This leads to a wasteful increase in electric power consumption and the slowing down of affected devices. Citrix’s research claims that 59 percent of the re
Bitcoin Price Drop Prompts Suicide Hotline Postings

Bitcoin Price Drop Prompts Suicide Hotline Postings

BITCOIN
The recent drop in Bitcoin price has prompted many to post suicide prevention hotline numbers on forums and social media.There’s nothing like seeing your finances dwindle to start a panic. The volatility in Bitcoin price this year has probably led many hodlers to have permanent ulcers. For a short time, the value of BTC rebounded and held steady, but the most recent drop has prompted some people to post numbers for suicide prevention hotlines on social media and in forums.Bitcoin Price AnguishIn late July, BTC hit $8,375, and this remained close to the average for the rest of the month. August has seen the Bitcoin price drop briefly under $6,000 and it is currently trading at $6,366 (at the time of writing).It’s been a hard year for Bitcoin. The cryptocurrency had reached its all-time high
Inside Cboe’s Bitcoin ETF Plans

Inside Cboe’s Bitcoin ETF Plans

BITCOIN, BTC MANAGER
Months after announcing the industry’s first Bitcoin futures, Cboe Global Markets (Cboe) now aspires to become the first to list a Bitcoin exchange-traded fund (ETF). While the company still has to get a final nod from the U.S. Securities and Exchange Commission (SEC), speculative reports are suggesting that it’s only a matter of time till Cboe succeeds in persuading the watchdog. Can Authorities Be convinced? Of course, the SEC can be negotiated with, and possibly will be persuaded to let Cboe and others list Bitcoin ETF. However, the regulators have so far exercised every precaution they could muster to steer clear of any hasty decision. In fact, on a closer look, the SEC seems wary of the very concept of introducing crypto to the masses with an ETF. Last week, it postponed a decision on
Kaspersky Lab: How Crypto Scammers Stole More Than $2.3 Million in Q2 2018

Kaspersky Lab: How Crypto Scammers Stole More Than $2.3 Million in Q2 2018

BITCOIN
In the second quarter of 2018, cybercriminals walked away with more than $2.3 million from cryptocurrency-related scams, according to the latest report from Russia-based cybersecurity firm Kaspersky Lab.Published yesterday, the report – titled Spam and Phishing in Q2 – details how the company’s anti-phishing technology prevented close to 60,000 attempts by users to connect to phishing websites that mimic popular crypto wallets and exchanges. The goal of these sites is to dupe users into believing that they are the real deal, thereby gaining access to accounts and private key information. Unfortunately, in spite of countless warnings by cybersecurity firms, this type of scam appears to still be working – and working well – as evidenced by the frequency with which they keep popping up.Other
GOEX, a Global Crypto Exchange to Facilitate Long-Term Crypto Investments

GOEX, a Global Crypto Exchange to Facilitate Long-Term Crypto Investments

BITCOIN, BTC MANAGER
The crypto exchange plus investment platform GOEX launched on December 27, 2017, and has amassed a considerable following in a less than a year. The service offers participants an instant cryptocurrency exchange service with the best dynamic rates the market has to offer. Furthermore, the crypto exchange provides an integrated investment platform, which makes it easy to understand what makes GOEX stand out among other cryptocurrency exchanges in the market. Why GOEX? User’s safety is of utmost importance to GOEX. To ensure sufficient transparency and accountability, GOEX’s web platform facilitates crypto asset purchases using an entirely decentralized infrastructure. This feature entails that users need not keep money on their balance to execute a crypto transaction. This is in stark contr
Reality Shares Will Join Increasingly Crowded Bitcoin Hedge Fund Arena, Says Source

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

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
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-strategy fund would “be a mix of arbitrage, venture, and directional strategies,” the unnamed person “familiar with the firm’s plan” told the publication. The 2018 bear market in cryptocurrencies has made life difficult for hedge fund operators, which number over 360 as of August. As Cointelegraph reported previously, industry commentators have raised concerns that continued market suppression would lead to t
SEC Issues New Warning on IRA Fraud and Cryptocurrencies

SEC Issues New Warning on IRA Fraud and Cryptocurrencies

BITCOIN
The U.S. Securities and Exchange Commission (SEC) has issued a new warning about individual retirement account (IRA) fraud and cryptocurrencies.Turning to CryptocurrenciesAs people think more about their retirement funds, many savers are considering self-directed IRAs. In most cases, these types of savings are held up in real estate and precious metals. However, with interest in digital currencies rising, these are now becoming an alternative.As a result, the SEC has issued a new warning regarding the potential fraud risks. The agency notes that investors “should be mindful” that self-directed IRAs come with risks, including “fraudulent schemes, high fees, and volatile performance.”It goes on to note the possible risk associated with digital currencies, adding:Fraudsters may use the allure
Brock Pierce and Company Will Bring Together Exchanges, and Regulators Around Spanish Crypto Summit

Brock Pierce and Company Will Bring Together Exchanges, and Regulators Around Spanish Crypto Summit

BITCOIN
Brock Pierce, considered to be the central figure of cryptocurrency culture, tweeted about an upcoming event that will have all blockchain lovers, raving to go, or as crypto enthusiasts would say, ‘Futurama to the moon!’The event is none other than the Futurama Blockchain Innovators Summit, known to create ripples in the cryptocurrency community, and this time it’s in Europe. After a very successful debut in Dubai, it heads to Ibiza.The event’s success is ensured by world-famous Venture Funds, Crypto Exchanges, and companies:Bithumb World’s first-ranked cryptocurrency exchangeCoinsbank Full-fledged cryptocurrency platform and brand new Blockchain Cruise host ENS Consultants Futuristic software development and outsourcing company  Bitinka The quickest exchange platform for top range cryptoc
Luxcore Engages in Corporate Reshuffle, Appoints John McAfee as CEO

Luxcore Engages in Corporate Reshuffle, Appoints John McAfee as CEO

BITCOIN, BLOCKCHAIN, BTC MANAGER
Luxcore recently finished a corporate reorganization along with a series of hard forks which introduced new blockchain features its ecosystem to maintain a leadership role as a blockchain service provider, as stated in an announcement on August 13, 2018. The company bills itself as an enterprise-ready blockchain ecosystem platform. The recent reorganization is an effort to attract more partners to their ecosystem. The most recent Mercury v5.2.1 includes features like block pruning, the PHI PoW/PoS algorithm, smart contracts, hybrid master nodes and SegWit. This push was aimed at fulfilling past promises for the platform to be a business-centric constellation of tools. Luxcore Builds a New Ecosystem Luxcore stated that they want to take “fuller advantage” of skills present in the company as