Category Archives: Crypto News

Cardano Breaks 6-Month Slump, Signaling Potential Altcoin Revival

Cardano (ADA) and other altcoins are all breaking out of their downtrends as the altcoin cryptocurrency market gains strength. Today Cardano (ADA) broke above its 6-month range and now follows the movements of large-cap altcoins like Bitcoin Cash ABC (BCH), Dash (DASH) and Ethereum Classic (ETC). Does this mean that altcoins are entirely out of the woods?  Crypto market daily performance. Source: Coin360 ADA/BTC breaks above its 6-month trading range Over the past 6 months, Cardano has traded in a sideways accumulation range between 0.000004-0.0000044 satoshis, while […]

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LocalBitcoins Quietly Suspends Accounts in Multiple Regions Without Notice

Finnish P2P exchange LocalBitcoins is allegedly quietly suspending user accounts, citing an “enhanced due diligence process.â€� Popular Bitcoin (BTC) exchange platform LocalBitcoins is allegedly suspending user accounts with little fanfare, citing an “enhanced due diligence process.” Finland-based LocalBitcoins, one of major global peer-to-peer (P2P) crypto exchanges, has reportedly suspended user accounts in some countries in Africa, the Middle East and Asia without warning, with some users being unable to withdraw their Bitcoin, Forbes reports Jan. 25. LocalBitcoins gives no public statement on the matter while the first […]

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IBM Secures Patent for ‘Self-Aware Token’ to Record Events of Offline Transactions

Tech giant IBM has been awarded a patent for the development of a “self-aware tokenâ€� designed to record events of an offline transaction. Tech giant IBM has been awarded a patent for the development of a “self-aware token” designed to record events of an offline transaction. A patent document filed with the United States Patent and Trademark Office describes a system, which relates to financial data processing in an electronic currency platform, as well as to processing e-commerce tokens, which have involved offline transactions. To track and […]

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Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client

Nimbus received a $650,000 grant from Ethereum Foundation to realize its vision of light Ethereum 2.0 clients running on smartphones and Raspberry Pi devices. The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way to ensure access to the Status app […]

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UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

A UK high court imposed a proprietary injunction on Bitcoin paid as ransom in a ransomware attack. A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim. On Jan. 17, the UK High Court released documents concerning a ransomware attack, in which over 1,000 computers of the insurance company were rendered […]

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Draft of India’s National DLT Strategy Calls for State-Run Digital Rupee

A draft of an Indian national strategy on blockchain floats the idea of a central bank digital currency, the digital Indian rupee, and a national blockchain. A draft of India’s national strategy on blockchain and distributed ledger technology suggests a central bank digital currency (CBDC), the digital Indian rupee, and a national blockchain. The National Institute for Smart Governance (NISG), a non-profit public body incorporated by the government of India, has published a draft document on the country’s national blockchain strategy. Issued on Dec. 30, the document […]

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BTC Price Back at $9,000 But No, Coronavirus Isn’t ‘Good for Bitcoin’

Any short-term gains to Bitcoin indirectly helped by the virus will reverse in time, a prominent trader warns, as the cryptocurrency hovers at $9,000. Bitcoin (BTC) may be gaining thanks to “economic fear” over coronavirus — but only up to a point, analysts are concluding as the disease spreads.  The cryptocurrency hovered at around $9,000 on Tuesday, capping 4% gains for the week in which coronavirus sent China into partial lockdown.  Coronavirus uncertainty creeps into markets Fears are now surfacing about the impact on Chinese economic growth, […]

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Oil Giant Saudi Aramco Buys Into Blockchain Trading Platform Vakt

Saudi Aramco has joined the already sizeable list of oil companies partnered with Vakt, the provider of a blockchain-based trading settlement platform for North Sea oil. Saudi Arabia’s state oil company, Saudi Aramco, has bought into the blockchain-based oil trading company Vakt, Reuters reports on Jan. 28. Saudi Aramco’s Energy Ventures branch has bought $5 million in new shares, according to Vakt’s press release. The investment will be used to develop the platform, with a focus on expansion into the Asian market. In addition to investment, the […]

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Singapore Act to License Cryptocurrency Firms Comes Into Effect

An act regulating cryptocurrency firms comes into effect on Jan. 28 in the Republic of Singapore. Legislation regulating the operations of cryptocurrency firms in Singapore comes into effect today, Jan. 28. The new Payment Services Act will regulate cryptocurrency payments and trading enterprises under some aspects of the regulatory regime that currently governs traditional payment services and require them to hold a license. Crypto payment services must also comply with the Financial Advisers Act, Insurance Act, Securities and Futures Act and the Trust Companies Act. The new […]

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Tone Vays: Bitcoin Must Hold $9K for 2-3 Days to Secure Bull Market

Vays remains cool-headed despite markets clinching $9,000 for the second time this month, arguing higher levels must first endure. Bitcoin (BTC) rising above $9,000 has turned heads amid fresh uncertainty in China but has yet to convince one of its best-known traders. In the latest episode of his Trading Bitcoin YouTube series on Jan. 28, Tone Vays said that despite the past week’s upward price momentum, he was not yet bullish on Bitcoin.  Vays: BTC has not confirmed the bull market  “Am I ready to declare a […]

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