This ICO Startup Didn’t Die During Crypto Winter. It Has DAI to Thank

This ICO Startup Didn’t Die During Crypto Winter. It Has DAI to Thank

The Takeaway: Monolith turned a $16.9 million ICO into $25 million-worth of assets by riding the bull market of 2017 then taking out DAI loans. This DAI strategy is increasingly common among ethereum-centric startups. MakerDAO and Monolith are now collaborating to connect DeFi loans to a European Visa debit card. Ether fans can spend crypto with a Visa debit card because Monolith liquidates designated funds on the back-end, providing the merchant with fiat.
Bitcoin Lending is a Booming Business, Report Claims

Bitcoin Lending is a Booming Business, Report Claims

Even though Bitcoin lending was one a prominent business model, the industry seems stuck in a rut. It is a business model which is hardly ever talked about in the open. The new report from GrayChain confirms things are still looking good despite some rather troublesome figures. How this industry will evolve over the years to come, is anybody’s guess.  Contents 1 Lifetime Metrics Look Promising 2 Annual Interest Rates Aren’t Great 3 Liquidated Loans Need a Boost 4 What Comes Next for Bitcoin Lending? Lifetime Metrics Look Promising Numerous cryptocurrency lending platforms are active today.
Bitcoin and Altcoin Prices Collapse Once Again as Industry Remains on Wobbly Legs

Bitcoin and Altcoin Prices Collapse Once Again as Industry Remains on Wobbly Legs

Everyone can see the cryptocurrency markets aren’t heading in the right direction. Bitcoin is bleeding value once again, which automatically forces the rest of the markets to follow suit. With Ethereum dipping below $180 and Litecoin not sustaining $80, the remainder of the week looks rather bleak once again. Bitcoin Price Stumbles Again It would appear there is no new all-time high Bitcoin price of 2019 in sight.
Monero, Cardano and Stellar Price Prediction and Analysis For August 15th – XMR, ADA, and XLM

Monero, Cardano and Stellar Price Prediction and Analysis For August 15th – XMR, ADA, and XLM

Contents 1 Monero Price Analysis (XMR/USD) 2 Monero Price Prediction (XMR/USD) 3 Cardano Price Analysis (ADA/USD) 4 Cardano Price Prediction (ADA/USD) 5 Stellar Price Analysis (XLM/USD) 6 Stellar Price Prediction (XLM/USD) Monero Price Analysis (XMR/USD) On an intraday chart, XMR/USD has experienced significant loss over the last 24hrs.
XRP Price Analysis and Prediction for August 13th – Ripple and MoneyGram Will Beat Libra by Facebook

XRP Price Analysis and Prediction for August 13th – Ripple and MoneyGram Will Beat Libra by Facebook

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Presently, the XRP cryptocurrency is the third one on the market in terms of capitalization, which is $12.8 billion. The XRP is currently trading at $0.2975. Unfortunately, this digital asset has been declining recently, testing local minimums, as well as other altcoins.
These Bitcoin Users Want DAI and DeFi – Here’s How They Plan to Get It

These Bitcoin Users Want DAI and DeFi – Here’s How They Plan to Get It

Summa co-founder James Prestwich wants to bridge the great divide: bitcoin vs. ethereum. Now his firm is teaming up with fellow blockchain startup Keep to launch the Cross-Chain Working Group, which aims to create a protocol for using bitcoin on ethereum-based systems. The group hosted its first meeting on Thursday with more than 40 participants, including curious representatives from interoperability protocol Cosmos and Ripple’s investment arm, Xpring.
Coinbase Reveals Password Glitch Affecting 3,500 Customers

Coinbase Reveals Password Glitch Affecting 3,500 Customers

Crypto exchange Coinbase disclosed a potential vulnerability Friday, announcing that a tiny fraction of its customers’ passwords were stored in plain text on an internal server log. However, the information was not improperly accessed by outside parties, the exchange said. In a post-mortem shared with CoinDesk, Coinbase outlined “a password storage issue,” impacting less than 3,500 customers (out of more than 30 million worldwide) that briefly resulted in personal information, including the passwords, being stored in clear text on internal logging systems.
Bitcoin Defends Price Support, But Bear Case Still Intact

Bitcoin Defends Price Support, But Bear Case Still Intact

View Bitcoin’s repeated defense of the 100-day moving average signals seller exhaustion, but a break above $10,445 – the high of Thursday’s hammer candle – is needed to confirm a bull revival. A high-volume move above $10,445 would open the doors to re-test of $11,120. BTC may have a tough time scaling $10,445, as the daily chart indicators are biased bearish. The risk of a drop to $9,049 (July 17 low) remains as long as prices are held below that level.
FinCEN Director Reminds Casinos of Crypto Compliance Requirements

FinCEN Director Reminds Casinos of Crypto Compliance Requirements

The director of the Financial Crimes Enforcement Network (FinCEN) said the casino industry needs to up the ante on reporting suspicious activities related to digital currencies. Speaking at an Anti-Money Laundering Conference in Las Vegas on August 13, FinCEN director Kenneth Blanco said the agency has not received the amount of suspicious activity reports (SARs) expected.
Someone Just Hacked Binance Jersey’s Twitter Account

Someone Just Hacked Binance Jersey’s Twitter Account

Binance Jersey’s Twitter account was hacked by an anonymous twitter user called @LightningNetwo9. According to tweets posted on Binance Jersey by the hacker, the hacker is a security researcher claiming to operate with altruistic motivations. The hacking was confirmed via Binance Jersey’s telegram account.
All-Crypto Retirement Accounts Will Be Fined: Australian Tax Office

All-Crypto Retirement Accounts Will Be Fined: Australian Tax Office

The Australian Tax Office (ATO) has sent out warning letters to investors who have placed the majority of their retirement savings in cryptocurrencies. As part of an ATO effort to warn against high-risk retirement investment strategies, 18,000 holders of Self-Managed Super Funds (SMSFs), a type of retirement account privately managed by individuals, were told they face penalties up to 4,200 AUD for breaching regulations, according to local media reports. While the letter targeted any SMSF holder with over 90 percent of their retirement savings in a single asset – primarily in property – the ATO also singled out cryptocurrencies as a high-risk investment.
Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody Business

Crypto Exchange Coinbase Acquires Xapo’s Institutional Custody Business

Cryptocurrency exchange Coinbase has acquired the institutional business of cryptocurrency wallet and custody service provider Xapo. Coinbase said in an announcement on Thursday that the deal will help expand its custody business and will increase its assets under custody to be more than $7 billion.
South Korea’s ‘Bit-Island,’ Jeju, Redoubles Crypto Efforts After Losing Regulatory Bid

South Korea’s ‘Bit-Island,’ Jeju, Redoubles Crypto Efforts After Losing Regulatory Bid

After losing out to Busan in the competition to be declared Korea’s blockchain “regulation-free” zone, Jeju Island is redoubling its efforts to stay in the game, according to a report in the Jeju Island Daily News.
Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

Bakkt Says It’s ‘Cleared to Launch’ Bitcoin Futures Next Month

Bakkt has been cleared to launch. The Intercontinental Exchange’s young subsidiary announced Friday that it had acquired a New York state trust charter through the New York State Department of Financial Services (NYDFS).
This Crypto Asset Doesn’t Exist Yet, But Soon You’ll Be Able to Stake It

This Crypto Asset Doesn’t Exist Yet, But Soon You’ll Be Able to Stake It

Perlin hasn’t even had the token generation event for its PERL cryptocurrency, and already a leading staking-as-a-service startup has agreed to add it to the list of assets it supports. Staked – which has the backing of some of the most notable funds in crypto, including Pantera, Winklevoss Capital and Coinbase Ventures – helps holders of proof-of-stake tokens maximize their returns.
Man Offering Hacking Services for Bitcoin Gets 20-Month Jail Sentence

Man Offering Hacking Services for Bitcoin Gets 20-Month Jail Sentence

A British man has been handed 20 months in jail and ordered to forfeit over £400,000 ($487,000) for offering hacking services and stolen private data in return for cryptocurrency. Nineteen-year-old Elliot Gunton was sentenced at Norwich Crown Court on Friday, having pleaded guilty at a previous hearing, according to a local police news report.
Moscow Blockchain Voting System ‘Completely Insecure,’ Says Researcher

Moscow Blockchain Voting System ‘Completely Insecure,’ Says Researcher

A blockchain-based system that will be used to allow Moscow residents to vote in municipal elections this autumn is very easy to hack, according to a research note from a French cryptography expert. Titled, “Breaking the encryption scheme of the Moscow internet voting system,” the paper by Pierrick Gaudry, a researcher from French governmental scientific institution CNRS, looked at the encryption scheme used to secure the public code of the Moscow city government’s ethereum-based e-voting platform.
Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says

Binance’s US Arm to Go Live ‘Within Two Months,’ CEO Says

The dedicated U.S. arm of cryptocurrency exchange Binance will go live by November, according to Binance’s CEO. Changpeng “CZ” Zhao told Cheddar in an interview on Wednesday that, while the situation is still “in flux,” he expects the new platform would go live in “a month or two.” Due to uncertainties over the U.S. regulatory situation, Binance barred states-side customers from using its global platform Binance.
ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report

ASX’s In-the-Works DLT Settlement System ‘on Track,’ Says Yearly Report

The Australian Securities Exchange (ASX) has released its full 2019 financial report, offering some insight into its upcoming distributed ledger-based settlement system. A project that was announced back in late 2017 after trials with blockchain tech had proved promising, the DLT platform is aimed to replace ASX’s ageing CHESS settlement system using technology built by New York-based Digital Asset, then under the leadership of Blythe Masters.
Bitcoin, Ripple’s XRP and Bitcoin Cash Cyptocurrency Price Prediction and Analysis for August 13th: BTC, XRP and BCH

Bitcoin, Ripple’s XRP and Bitcoin Cash Cyptocurrency Price Prediction and Analysis for August 13th: BTC, XRP and BCH

Contents 1 Bitcoin Price Analysis (BTC/USD) 2 Bitcoin Price Prediction (BTC/USD) 3 Ripple’s XRP Price Analysis (XRP/USD) 4 Ripple’s XRP Price Prediction (XRP/USD) 5 Bitcoin Cash Price Analysis (BCH/USD) 6 Bitcoin Cash Price Prediction (BCH/USD) Bitcoin Price Analysis (BTC/USD) After a sharp dip that took place back on 10 of August at 11:00, the market seemed to have taken a pause to consolidate on an intraday price chart.
Brave Browser Adds Access to New Crypto Wallets

Brave Browser Adds Access to New Crypto Wallets

More wallet features are on their way to the Brave browser. Support for native cryptocurrency wallets was added to Brave Nightly per a posting yesterday in the official Brave subreddit, r/BATProject. Brave Nightly is a test and development version of the Brave browser.
Privacy Coin Beam Conducts First Hard Fork Away From ASICs

Privacy Coin Beam Conducts First Hard Fork Away From ASICs

At 19:00 UTC today privacy coin beam completed its first scheduled hard fork at block 321,321. Launching on bitcoin’s tenth birthday in January this year, beam is one of the first two implementations of the Mimblewimble privacy protocol. Beam’s fork adjusted the mining algorithm due to ASIC mining concerns as laid out in its road map.
South Korean Third-Largest Crypto Exchange Publishes Official Listing Criteria

South Korean Third-Largest Crypto Exchange Publishes Official Listing Criteria

Coinone, a South Korean crypto exchange, has issued listing criteria, laying out in some detail what is required to be traded on the platform. The disclosure on August 8th came just a few days after the exchange announced the signing a deal with CertiK to undertake a security validation and amid a rush in the Korean crypto market to up standards and lock down platforms.
Judge Blasts Craig Wright’s Evidence, ‘Inconsistent’ Testimony in Kleiman Trial

Judge Blasts Craig Wright’s Evidence, ‘Inconsistent’ Testimony in Kleiman Trial

US Judge Beth Bloom has denied a request by Craig Wright to scuttle a lawsuit filed against him because of his past testimony and his credibility before the court, according to a court filing from August 15. On April 15, Wright filed a motion challenging the Southern District of Florida’s jurisdiction over an ongoing lawsuit pursued by the estate of Wright’s former business partner, the late Dave Kleiman. Kleiman’s brother Ira alleges Wright has transferred 1.1 million bitcoin, approximately $11 billion at press time, under his control through fraudulent contracts, emails, and business relationships.
Maryland Targets Trading Platform Fraud as It Joins ‘Cryptosweep’ Effort

Maryland Targets Trading Platform Fraud as It Joins ‘Cryptosweep’ Effort

Maryland Attorney General Brian Frosh said Wednesday that the state’s securities market watchdog will become part of an international effort to crack down on cryptocurrency related fraud. The state is the latest to join “Operation Cryptosweep,” an initiative led by the North American Securities Administrators Association (NASAA). As part of the second wave of the operation, 35 enforcements have been taken and nearly 100 more are pending to date.