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Bitfinex Releases Statement on Fiat Deposits After Panic Causes Bitcoin-Tether Premium to Hit All-Time-High

cryptoglobe | 10-15-2018

Major cryptocurrency exchange Bitfinex has today (Oct 15th) released a statement addressing the pausing of fiat deposits on the exchange last Thursday (Oct 11th). The statements comes amidst an all-time-high Bitcoin price premium on Bitfinex of 11.28% as the lead image shows.

Categories: Exchange|Fiat|BTC|Trading
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Bitcoin Surges Over 10% Amid Massive Tether (USDT) Selloff

cryptoglobe | 10-15-2018

Bitcoin (BTC) has surged over 10% in the past 24 hours, briefly surpassing the $7,000 mark according to data from CryptoCompare. The BTC price is also fluctuating rapidly as it’s trading at $6,934.81 at press time. Market analysts believe the massive Tether (USDT) selloff might be the reason why the BTC price has surged so rapidly as the market’s nervousness about Tether has sparked a selloff into BTC and other stablecoin alternatives.

Categories: BTC|USDT|Trading|Market
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Crypto Roundup - 15 October 2018

cryptoglobe | 10-15-2018

All coins from the top 10 coins by 24-hour volume posted positive changes, ranging from 3.27% to 11.27%. Coinbase users facing cryptocurrency withdrawal delays up to a week. Ethereum Classic incubator program receives 120 Start-Up applications.

Categories: ETH
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Thai Authorities Arrest Top Suspect in Multi-Million Dollar Bitcoin Scam

cryptoglobe | 10-15-2018

The top suspect in a Bitcoin scheme that allegedly stole millions of dollars from a Finnish investor was arrested by police after arriving in Thailand from the United States. The suspect returned to Thailand after his passport was revoked by authorities, potentially opening him up to more charges.

Categories: BTC|Fiat|Business
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Ethereum Classic Incubator Program Receives 120 Start-Up Applications

cryptoglobe | 10-14-2018

Elizabeth Kukka, Program Director for ETC Labs, recently sat down to give an interview and update the community about ETC Labs’ launch. During this talk, she explained how ETC Labs’ waitlist is already 120 start-ups long.

Categories: ETC|ETH
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Bank of Zambia Warns Cryptocurrencies Are “Not Legal Tender” in the Country

cryptoglobe | 10-14-2018

The Bank of Zambia has issued a statement reminding citizens that cryptocurrency is not legal tender in Zambia, and advising caution when investing.

Categories: Regulation|Fiat
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7 Major Blockchain Use Cases Explained by an Expert

cryptoglobe | 10-14-2018

Mark van Rijmenam, an experienced speaker on topics related to artificial intelligence (AI), big data, and distributed ledger technology (DLT), recently published a blog post that mentions seven use cases for enterprise blockchains.

Categories: Blockchain|Technology|Wallet|Business
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Exclusive Interview with Caspian CTO Gerrit van Wingerden

cryptoglobe | 10-14-2018

Gerrit van Wingerden, the co-founder and chief technical officer (CTO) of Caspian, a comprehensive digital asset management solution provider, shared some valuable insights with CryptoGlobe at the Consensus: Singapore 2018 Conference.

Categories: Asia|Trading
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Bitcoin’s Volatility Shows Its Maturing, Study Finds

cryptoglobe | 10-14-2018

Polish researchers recently studied whether bitcoin (BTC) resembles legacy markets or not. Using highly advanced mathematical modeling, they found that over the past two years, BTC has matured into an asset that trades similarly to existing markets.

Categories: BTC|Market
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Crypto Africa Roundup: Innovation, Menachain in North Africa and New AML Regulations

cryptoglobe | 10-14-2018

In our Crypto African Roundup, YouHash take a look at some recent developments on this fast-growing crypto continent

Categories: Other
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EOS Long-term Price Analysis

cryptoglobe | 10-14-2018

Notably, EOS has been seen various lower lows and lower highs, along its 14-day SMA’s trend line around the $6 territory within its range. The cryptocurrency was affected by a sudden decline that saw most cryptocurrencies plunge on October 11.

Categories: Market|Trading
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BTC Developer Jimmy Song on How Bitcoin’s Game Theory Prevents Hacks

cryptoglobe | 10-14-2018

Jimmy Song recently appeared on the WhatBitcoinDid podcast. Alongside host Peter McCormack, Jimmy discussed Bitcoin’s game theory and explained how hacking Bitcoin isn’t very profitable.

Categories: BTC
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Demand for XRP Appears to Be Increasing, Wirex Survey Shows

cryptoglobe | 10-14-2018

Wirex, a zero-fee platform for buying, storing, and exchanging crypto and fiat currency with 1.8 million users, recently conducted a survey via Twitter asking which cryptocurrency: bitcoin (BTC), litecoin (LTC), ethereum (ETH, or ripple (XRP) do its followers prefer.

Categories: XRP|BTC|ETH|LTC|Fiat
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EOS Is a 'Scam' That Will Disappear 'Within Five Years', Bitcoin Developer Says

cryptoglobe | 10-14-2018

Prominent Bitcoin (BTC) maximalist and developer, Jimmy Song, recently called EOS a “scam” during an interview with CryptoInsider. He added that EOS, a cryptocurrency platform for building horizontally and vertically scalable applications, “will die in a horrible dumpster fire in the next five years.”

Categories: BTC
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Ethereum (ETH) Long-term Price Analysis

cryptoglobe | 10-14-2018

On October 11 the cryptocurrency market endured a significant fall that had its effects on most top cryptocurrencies, including Ethereum. The cryptocurrency has been losing value against the US dollar for the past few months, accompanied by both SMAs.

Categories: ETH|Market|Trading|Fiat
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TRON Keeps Surging as Rumors Point to Internet Giant Baidu Being Its Mystery Partner

cryptoglobe | 10-14-2018

Unconfirmed rumors currently suggest the TRON Foundation is set to partner with China’s internet search giant Baidu, as a crypto platform claims to have confirmed the partnership in correspondence with TRON.

Categories: ETH
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Canada: Court Rules Bitcoin ATM Not Responsible for Fraud Victim’s Loss

cryptoglobe | 10-14-2018

A Canadian woman recently sued a Bitcoin ATM company after purchasing $62,500 worth of BTC and sending it to fraudsters posing as the Canada Revenue Agency. The Canadian Court has ruled that Instacoin is not responsible for her losses.

Categories: BTC|Business
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Ethereum Co-Founder Vitalik Buterin Claims to “Regret Adopting the Term Smart Contracts.”

cryptoglobe | 10-14-2018

Ethereum creator Vitalik Buterin admits: “I quite regret adopting the term ‘smart contracts.’” This shocked many, considering Ethereum has long been referred to as a smart contract platform.

Categories: ETH
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Ether (ETH) Price Climbs Above $200 Despite Constantinople’s Failure on the Ropsten Testnet

cryptoglobe | 10-14-2018

Around 03:40 UTC on 14 October 2018, Ether (ETH) that had been trading below $200 for the past couple of days, finally broke the $200 resistance level, despite Saturday's technical problems with the launch of the Constantinople on Ropsten (Ethereum's test network).

Categories: Trading|ETH
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Coinbase Users Facing Cryptocurrency Withdrawal Delays up to a Week

cryptoglobe | 10-14-2018

Coinbase customers in contact with CryptoGlobe are reporting unexplained delays when trying to withdraw their purchased digital assets from the platform.

Categories: Other
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South American Crypto Exchange Buda Allows Bitcoin Payments Over Lightning Network

cryptoglobe | 10-14-2018

On Friday (12 October 2018), Chile-based Buda.com, which is one of South America's major crypto exchanges, announced that it had made it possible to make "instant" Bitcoin payments, from within the exchange, via the Lightning Network.

Categories: BTC|Exchange
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Cryptocurrency Entrepreneurs Are Among China’s Wealthiest Citizens

cryptoglobe | 10-14-2018

A few notable figures in the cryptocurrency world have made the list of China’s richest individuals. The new ‘rich list’ from the Hurun Research Institute features people like Micree Zhan Ketuan, co-founder of Bitmain, and Zhao Changpeng, founder of Binance.

Categories: Exchange
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How Miami is Pioneering Blockchain Adoption

cryptoglobe | 10-13-2018

Staying on the bleeding edge of technology has helped America immensely, which is why cities across the nation are embracing the latest breakthrough in digital innovation - blockchain technology. And Miami is keen on leading the charge.

Categories: Blockchain|Technology
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U.S. Financial Crimes Enforcement Network Bashes Iran For Using Crypto To Bypass Sanctions

cryptoglobe | 10-13-2018

The U.S. Financial Crimes Enforcement Network released a report detailing some of the various ways Iranian officials are evading sanctions. The regulator says the regime was using cryptocurrency to facilitate illicit transactions and asked exchange operators to be diligent while monitoring operations.

Categories: Exchange
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'Heart Attacks': Ex Coindesk Director Reveals Stressful Nature of Crypto Transactions

cryptoglobe | 10-13-2018

Jameson Lopp, a cypherpunk and engineer at CasaHODL, a crypto service that helps users securely store their digital assets, recently tweeted that “when creating a bitcoin transaction, … you’re actually destroying your money and recreating it with each transaction.”

Categories: BTC
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Interview: Circle’s Claire Wells Reveals Its OTC Trading Desk Trades Over $2 Billion a Month

cryptoglobe | 10-13-2018

CryptoGlobe recently caught up with Claire Wells, the head of legal & business affairs at Circle, a fintech startup that’s been influencing the cryptocurrency space since it was founded in 2013, that acquired popular cryptocurrency exchange Poloniex.

Categories: Exchange|Regulation|Trading|Business
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Bitcoin Holds $6,200 Level, Ether Shorts Hit New All-Time High

cryptoglobe | 10-13-2018

The cryptocurrency market has been trading sideways in the last 24-hour period, starting the day at about $202 billion and staying at about the same level until now. This, after bitcoin dropped over 5% in a matter of minutes this week, while top altcoins dropped over 12%.

Categories: BTC|Market|Trading|Altcoin
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BitMEX CEO Offers to Host Live Debate Between Vitalik Buterin and Nouriel Roubini

cryptoglobe | 10-13-2018

BitMEX CEO Arthur Hayes has offered to pay all production costs related to hosting a live debate between Ethereum co-founder Vitalik Buterin and renowned economist Dr. Nouriel Roubini. Already, Roubini has rejected many such offers from journalists as he considers them to be PR people who are "shilling scams." It seems though that Roubini has already explained numerous times why he thinks cryptos are a scam, so this event might not live up to its expectations.

Categories: ETH
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XRP Long-term Price Analysis

cryptoglobe | 10-13-2018

XRP slowly kept losing value against the US dollar during this week’s trading sessions. Most of its movements basically sent it towards lower lows, before the bearish trend significantly dropped its price on October 11.

Categories: Trading|XRP|Market|Fiat
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Careful Vetting Required as McGill University Introduces Yet Another Blockchain Course

cryptoglobe | 10-13-2018

Education has become commercialized as an increasing number of institutes for higher learning aim to maximize their profits. Recently, MLG Blockchain and Canada's McGill University partnered to offer a blockchain course. Also, the University of New Hampshire School of Law (UNH Law) will be offering legal courses related to cryptos and distributed ledger technology (DLT). Similar to ICOs, these courses should be carefully vetted as it's always important to determine whether those teaching them are qualified.

Categories: Regulation|Blockchain|ICO|Technology|Wallet
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Institutional Investment Will Bring Crypto Maturity, Says CFTC Chief Giancarlo

cryptoglobe | 10-13-2018

Christopher Giancarlo cited the right of the CFTC to regulate cryptoassets, tying them en masse to Bitcoin futures.

Categories: BTC
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Litecoin (LTC) Long-term Price Analysis

cryptoglobe | 10-13-2018

Litecoin’s price dropped in value this week, although it’s still inside the range it has been keeping since early September. LTC entered the range on September 6, as both SMAs were floating around it. The bears are seemingly pushing LTC down out of the current range territories of $60 and $50 but haven’t succeeded.

Categories: LTC|Trading|Market
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Circle CEO Believes 'Marketplaces Will Have Thousands of Tokens', Roubini Compares Them to 'Illegal Cartels'

cryptoglobe | 10-13-2018

Circle recently acquired equity crowdfunding company, SeedInvest, in order to make it easier for startups to raise capital with cryptocurrency. Jeremy Allaire, the co-founder and CEO at Circle, explained that the acquisition would help the company provide financial services in a future economy where “there’s going to be this tokenization of everything.”

Categories: ICO
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TRON Surges Nearly 9% After Founder Tweets About Forthcoming Partnership With ‘Industry Giant’

cryptoglobe | 10-13-2018

The CEO of the TRON foundation Justin Sun has recently tweeted out the organization is about to partner with an ‘industry giant’ that’s worth tens of billions of dollars. His tweet drew in controversy and excitement, and got the price of the TRX token up nearly 9%.

Categories: ETH|TRX|ICO|Trading
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Fraudulent Website Uses New Zealand Pm’s Image to Promote Bitcoin Scam

cryptoglobe | 10-13-2018

New Zealand Prime Minister Jacinta Ardern has become the latest target of cybercriminals fraudulently using her image to endorse a scam crypto investment scheme. It resembles the near-ubiquitous ‘crypto giveaway’ scam on Twitter, which uses cloned accounts of famous people to defraud people of their crypto holdings.

Categories: BTC
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Crypto Portfolio Tracking App Blockfolio Raises $11.5M in Funding Round

cryptoglobe | 10-13-2018

In their recently announced Series A financing round, cryptocurrency app Blockfolio has officially secured $11.5M in investment funding. Investors include BitMEX, Huobi, Pantera Capital, and more.

Categories: Business
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Bitcoin (BTC) Long-term Price Analysis

cryptoglobe | 10-13-2018

Bitcoin’s price has been dropping within its current range against the US dollar this week. Before its major decline, the cryptocurrency had two notably short Japanese bullish candlesticks on September 21 and 27, in the $6,800 and $6,400 territories.

Categories: Trading|BTC|Market|Fiat
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Top Mining Pool ViaBTC Raises $30 Million in Little Over 2 Hours Through ICO

cryptoglobe | 10-13-2018

Recently, one of the biggest cryptocurrency mining pools in China, ViaBTC finished its first high-value initial coin offering (ICO), using the Wormhole protocol and the bitcoin cash (BCH) blockchain.

Categories: Mining|ICO|Blockchain|BTC|Asia
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Crypto Exchange and Former Employee Fight Over Platform Ownership

cryptoglobe | 10-13-2018

A new management platform at the 10th-biggest global cryptocurrency exchange is battling with its former employer over ownership of the potentially profitable venture in a blooming industry, according to Bloomberg.

Categories: Exchange
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Charles Hoskinson: Cardano Foundation Not Executing ‘On Many of Its Core Responsibilities and Duties’

cryptoglobe | 10-13-2018

On Friday (12 October 2018), Charles Hoskinson, the creator of Cardano (ADA) and the CEO of IOHK, and Ken Kodama, CEO of Emurgo, published a joint statement (on the IOHK blog) with the title "An Open Letter to the Cardano Community from IOHK and Emurgo."

Categories: ADA|ETH
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South Korea’s Final Services Commission Believes in Maintaining Ban on ICOs

cryptoglobe | 10-13-2018

On Thursday (11 October 2018), the chairman of South Korea's top financial regulator, the Financial Services Commission (FSC), reaffirmed the Korean government's negative stance on Initial Coin Offerings (ICOs).

Categories: ICO
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Crypto Senate Hearing: “Is Bitcoin Perfect? No, but Neither Was Email in 1972”

cryptoglobe | 10-13-2018

The Crypto community had a strong advocate at this week’s Senate hearing, and he raised a very interesting point

Categories: Regulation|BTC|ICO
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Keysheet: "Monero’s The Best Privacy Coin, Stay Away From Verge”

cryptoglobe | 10-12-2018

Keysheet.io, a collection of curated expert opinions on cryptocurrencies, compiled a breakdown of different privacy coins with some insights as to their usefulness and functionality. It said Monero was the best privacy coin, urged buyers to be wary of Dash, and to stay away from Verge.

Categories: XMR|DASH
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AARP Defines Bitcoin as "Bunch of Computer code" Criminals Use

cryptoglobe | 10-12-2018

The American Association of Retired Persons (AARP) has inadvertently reignited the clash of generations over the subject of bitcoin and other cryptocurrencies with a casually dismissive definition of bitcoin and blockchain technology,in an article published on its official website.

Categories: BTC|Blockchain
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World Bank President: Blockchain Technology Has “Huge Potential”

cryptoglobe | 10-12-2018

Jim Yong Kim, the president of the World Bank, has recently stated he believes blockchain technology has “huge potential,” and that embracing the technology is essential for the organization’s goals.

Categories: Technology|Regulation|Blockchain|Fiat
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'The Decentralized D’s:' DigiByte's Founder on Why Top Decentralized Projects Aren’t on Binance

cryptoglobe | 10-12-2018

Jared Tate, founder of DigiByte, has recently revealed the projects he believes are the most decentralized. Besides BTC, ETH, and LTC, the only three that met his qualifications were DOGE, DCR, and DGB.

Categories: BTC|ETH|LTC|Exchange
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Gemini Launches Litecoin Trading Pairs, Postpones Bitcoin Cash Listing

cryptoglobe | 10-12-2018

Hot on the heels of its Gemini Dollar launch, Gemini begins support for Litecoin and delays support of Bitcoin Cash citing November forking uncertainties.

Categories: BTC|LTC|Trading|Fiat
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Litecoin (LTC) Price Analysis – October 12

cryptoglobe | 10-12-2018

Yesterday, the price of Litecoin was in a bearish trend that saw it fall to a low of $51.09. It was suggested that if the cryptocurrency’s price reached its September low, it would likely go back to the upper level of its price range.

Categories: Trading|LTC|Market
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RippleNet May Be Seen as 'Strong Alternative to SWIFT' in Some Cases, XRP Supporter Claims

cryptoglobe | 10-12-2018

Strong XRP supporter and blogger has claimed that the Financial Stability Board and other global financial policy authorities are closely following Ripple's business activities. He also thinks RippleNet may be a better alternative to SWIFT's established, secure and standardized interbank messaging system. However, an experienced computer scientist noted recently that crypto companies who are trying to specialize in too many areas may end up "losing focus" and "under delivering".

Categories: XRP|Business
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Task Force Nabs SIM-Swapping Cryptocurrency Thief Who Allegedly Stole $14 Million

cryptoglobe | 10-12-2018

A suspect has been nabbed by the Authorities in Oklahoma for allegedly stealing $14 million in cryptocurrency. According to sources, he is a renowned “SIM swapper,” who steals victims’ cryptocurrencies through social engineering.

Categories: Other