CRYPTOCURRENCY

Russian Independent Electoral Watchdog to Pilot Blockchain for Voting System

Russian Independent Electoral Watchdog to Pilot Blockchain for Voting System

COINTELEGRAPH, CRYPTOCURRENCY
A Russian independent electoral watchdog is trialing a blockchain-based electronic voting system, local news platform Tass reports August 17.The non-profit Association of Independent Public Observers, dubbed "National Public Monitoring" (NOM), announced the pilot at a press conference in Moscow on Friday. NOM federal coordinator Roman Kolomystev, told reporters: “As part of our congress, we are launching a pilot electronic voting system built on a blockchain system." The inaugural Russian Congress of Public Observers was held on the initiative of NOM, alongside the Russian Fund for Free Elections and the Association of Lawyers of the Russian Federation, Tass reports. Other partners of the event were reportedly the Corps for Clean Elections, the People's Observer, and Public Association G
Coinbase Patent Shows Exchange Is Refining Security for Bitcoin Payments

Coinbase Patent Shows Exchange Is Refining Security for Bitcoin Payments

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
A patent by U.S. crypto exchange and wallet provider Coinbase proposes a new mechanism for further securing Bitcoin (BTC) payments, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 14.The filing claims that existing systems do not adequately address concerns “that the private keys of [users’] Bitcoin addresses may be stolen from their wallets,” when making payments, and in particular when checking out on a merchant page.  Coinbase is therefore applying to patent a so-called “key ceremony” solution, which would involve encrypting private user passphrases into “masterkey key shares.” These shares are then combined into an “operational masterkey” that would be used to generate an encrypted private key upon checkout and then a decrypted private key when si
Analysts: Crypto Trading Revenue Could More Than Double in 2018

Analysts: Crypto Trading Revenue Could More Than Double in 2018

BITCOIN, COINTELEGRAPH, CRYPTOCURRENCY
New research from Sanford C. Bernstein & Co. suggests that revenue generated by cryptocurrency exchanges could more than double to hit $4 billion in 2018, Bloomberg reports August 17.The report, titled “Crypto Trading — the Next Big Thing is Here?,” argues that the protracted crypto bear market is unlikely to impact the burgeoning revenue generated by exchanges. Moreover, “as the crypto-asset class seasons and institutional demand builds,” traditional financial sector firms — including custodians and asset managers — will find “a plethora of opportunities,” the analysts suggest. Bernstein found that in 2017, the buying and selling of cryptocurrencies generated $1.8 billion in transaction fees alone — equivalent to eight percent of the revenue of traditional exchanges. On the basis of t
Did Bitcoin Bottom Out at $5,800 and is This the Beginning of a New Rally?

Did Bitcoin Bottom Out at $5,800 and is This the Beginning of a New Rally?

BITCOIN, CRYPTOCURRENCY, ETHEREUM, NEWSBTC
In merely three days, the Bitcoin price has recovered from $5,850 to $6,500, leading the entire crypto market to rebound by a large margin.Followed by the establishment of Bitcoin’s newly found momentum, tokens and small market cap cryptocurrencies have risen by absurdly large margins, by around 30 to 80 percent in the past 48 hours.As NewsBTC reported earlier today, on August 17, the price of China-based cryptocurrency VeChain rose by more than 50 percent as other tokens including Ontology and ICON recorded solid 30 percent gains.Has the Market Reached its Bottom?A strong case can be made, despite the expectations of prominent investors such as BitMEX CEO Arthur Hayes and Susquehanna digital asset lead Bart Smith for another large drop in the value of Bitcoin, that the cryptocurrency mark
Coinbase CEO Warns that Cryptocurrency Mass Adoption is a Long Way Off

Coinbase CEO Warns that Cryptocurrency Mass Adoption is a Long Way Off

BTC MANAGER, CRYPTOCURRENCY
In Mid August Brian Armstrong, CEO the world’s largest cryptocurrency exchange, Coinbase warned that mass adoption of cryptocurrencies is going to take much longer than expected. This is a possible harbinger of slowing growth in market capitalization in Bit coin. The Bitcoin price is currently over its psychological threshold of $6,000.  This is a barrier which was crossed twice in 2018 after it’s massive rally in the winter of 2017. All told, the price has dropped 70 percent from its gains in December 2017, wiping out any remaining growth. Buying Coffee with Crypto Armstrong was interviewed at the Bloomberg Technology Summit in San Francisco where he stated that it would be “quite some time,” before one could purchase a cup of coffee at Starbucks with cryptocurrency. This comes after the
UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

UK Watchdog Warns of Crypto Scams Using ‘Prestigious’ London Addresses as Smokescreen

COINTELEGRAPH, CRYPTOCURRENCY
The U.K.’s Financial Conduct Authority (FCA) has said that crypto investment scams are increasingly targeting British investors, in an official warning published August 17.The watchdog warns that fraudsters often use celebrity images, slick websites or “prestigious” City of London addresses as a smokescreen through which to lure prospective investors. It adds: “Scam firms can manipulate software to distort prices and investment returns. They may scam people into buying non-existent cryptocurrencies. They are also known to suddenly close consumers’ online accounts and refuse to transfer the funds to them or ask for more money before the funds can be transferred.” The FCA notes that cryptocurrencies themselves are not currently regulated by the agency, meaning that many crypto exchanges an
CME Futures Partner Releases First Regulated Bitcoin Cash Futures

CME Futures Partner Releases First Regulated Bitcoin Cash Futures

BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY
Cryptocurrency trading platform Crypto Facilities has added Bitcoin Cash (BCH) to its list of futures products, announcing in a press release that the product would go live at 4PM BST Friday, August 17.Crypto Facilities, which rose to prominence when it partnered with CME Group on its first-of-its kind Bitcoin futures in December 2017, said the move reflected Bitcoin Cash’s status as a “top five coin” by market cap. The platform already offers Bitcoin (BTC), Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) futures. “We are pleased to be expanding our cryptocurrency derivatives offering with the launch of [Bitcoin Cash] futures,” CEO Timo Schlaefer commented in the release. “BCH is a top five coin with a market capitalization of around $10 billion [...] and we expect our new contracts to sp
Chinese Retail Giant JD.com Launches Enterprise Blockchain-as-a-Service Platform

Chinese Retail Giant JD.com Launches Enterprise Blockchain-as-a-Service Platform

BLOCKCHAIN, COINTELEGRAPH, CRYPTOCURRENCY
Chinese e-commerce giant JD.com has revealed its new Blockchain-as-a-Service (BaaS) platform in a press release published today, August 17.The new tool, dubbed JD Blockchain Open Platform, aims to enable businesses to build, host and implement blockchain solutions without having to develop the technology from scratch. According to the press release, the service will offer smart contract functionality for “public and private enterprise clouds.” JD outlines a range of potential use cases for the platform: “The technology can help companies streamline operational procedures such as tracking and tracing the movement of goods and charity donations, authenticity certification, property assessment, transaction settlements, digital copyrights, and enhance productivity.” JD presents the BaaS tool
Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

Daily Recap: Crypto Market Surges as Tokens Including VeChain Spike 50%

BITCOIN, CRYPTOCURRENCY, ETHEREUM, NEWSBTC, RIPPLE, VERGE
The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish reversal.Several other cryptocurrencies have also witnessed a significant upward price movement in the last 24 hours. Ethereum, at $300, is up by over 4% today, while Ripple has grown by nearly 8%. However, the top crypto performers have risen by 20% or more. Lisk, Ontology, Nano, and Verge have spiked 21%, 37%, 32% and 29% respectively. VeChain has shown the strongest recovery with a price rise of nearly 80%.VeChain’s surge stems from its impending listing on Coinbase, among other f
Opinion: Bitcoin Logos May Attract Attention Of Security Services

Opinion: Bitcoin Logos May Attract Attention Of Security Services

CRYPTOCURRENCY
Bitcoin, although it is gaining increasing popularity in the world, still causes suspicions among law enforcement officials. Therefore, it is better to refrain from showing symbols related to cryptocurrencies, while traveling. Cryptocurrency enthusiasts are advised not to demonstrate crypto-related logos or stickers at airports and railway stations, as they can be scrutinized by security services, an expert said. Security expert Matt Mitchell warned crypto-enthusiasts that their love to cryptocurrency symbols can play against them and they may be asked to undergo an additional safety check at the airport or other public places. “Conferences, border crossing, airports, public places, stickers will/can get you targeted for opposition research, industrial espio