Bitcoin’s Total Share of Crypto Market Now Highest Since March 2017

Bitcoin’s Total Share of Crypto Market Now Highest Since March 2017

View Bitcoin’s price recovery from the Aug. 29 low of $9,320 is backed by an uptick in the dominance rate to 30-month highs. Weak trading volumes, however, indicate the recovery could be short-lived and a fall back to $9,750 could be in the offing in the next day or two. Weekly chart indicators continue to call a bearish move. A high-volume UTC close above the bearish lower high of $10,956 (Aug. 20 high) is needed to revive the short-term bullish outlook. A weekly close (Sunday, UTC) above $12,000 is needed for full bull revival.
Wallet Giant Blockchain Raising $50 Million Crypto Fund: Report

Wallet Giant Blockchain Raising $50 Million Crypto Fund: Report

Crypto wallet and data provider Blockchain is raising a VC fund to invest in industry startups and cryptocurrencies, Yahoo Finance says. According to a report on Wednesday, two sources said that Blockchain is in discussions with investors to raise $50 million for the fund.
Criminals Steal Over $4bn in Bitcoin During First Half of 2019

Criminals Steal Over $4bn in Bitcoin During First Half of 2019

Criminals are still drawn to Bitcoin. The world’s leading cryptocurrency lacks anonymity and privacy. Even so, it is often used as a tool to hide monetary transactions. The first six months of 2019 have been rather telling in this regard. Over $4bn worth of Bitcoin has been stolen from investors during this period alone.  Criminals Want Your Bitcoin It is a well-known fact that Bitcoin is often associated with criminal activity.
Samsung S10 Receives Stablecoin Support Ahead of dApp Network Rollout

Samsung S10 Receives Stablecoin Support Ahead of dApp Network Rollout

Mobile phones play a crucial role in the lives of cryptocurrency users. A lot of people either check prices or store their assets on a mobile device. Owners of the Samsung Galaxy S10 will be rather pleased with the most recent software update. They can now store Binance Coin and various stablecoins in auto-generated wallets. Not a Typical Blockchain Phone When Samsung introduced the Galaxy S10, it quickly became apparent that Bitcoin would play a role of minor importance.
Artificial Intelligence is a Valuable Tool for Voice Fraudsters

Artificial Intelligence is a Valuable Tool for Voice Fraudsters

New technologies are often both a blessing and a curse. Artificial intelligence is shaping up to be no different in that regard. Criminals are now using AI and voice technology for monetary purposes. The rise of voice fraud should not be underestimated, as it can hit any company around the world in the future.  Abusing AI and Voice Technology It is evident that there are many possible use cases for artificial intelligence.
South Korea’s Kakao May List Its Klay Cryptocurrency on Chinese Exchange

South Korea’s Kakao May List Its Klay Cryptocurrency on Chinese Exchange

South Korea’s Kakao is looking to list its cryptocurrency on an exchange but it may not be able to list the token domestically, according to a report from News1, a Korean news service. While the company is now looking at two exchanges for the possible trading of Klay—one in China and the other in Korea—the government may prevent it from choosing a platform in the home country. News1 quoted an anonymous official as saying that Kakao is just too big to ignore and that it would be difficult to allow the trading.
HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan. The bank said Tuesday that the transaction marked progress for the Voltron trade finance blockchain platform it developed alongside other banks including BNP Paribas and Standard Chartered, Reuters reports.
Binance Acquires Crypto Exchange JEX to Boost Derivatives Offerings

Binance Acquires Crypto Exchange JEX to Boost Derivatives Offerings

Binance has announced the acquisition of crypto exchange JEX in a bid to boost its crypto derivatives offerings for pro traders. Seychelles-registered JEX offers spot and derivatives (including options and futures) trading in cryptocurrencies such as bitcoin and ether. Going forward under Binance management, the derivatives exchange will be known as Binance JEX. JEX offers its own token, also called JEX, which will continue to be guided by its existing foundation, Binance said. Binance plans to first distribute the tokens to users through “marketing activities and community incentives” before ultimately clawing back and burning them via means including trading commissions, according to the announcement.
Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate

Norwegian Bank Invests in Crypto Exchange Founded by Airline Magnate

A Norwegian savings bank dating back to the mid-1800s has just invested in a cryptocurrency exchange set up by local business magnate Bjørn Kjos. In a press release posted on the Oslo Stock Exchange, Sparebanken Øst said it had taken a 16.3 percent stake in Norwegian Block Exchange (NBX) for 15 million Norwegian krone (around $1.638 million). NBX was revealed to be in development in April of last year, after being founded by Kjos and his family.
‘Big 4’ Auditor PwC’s Luxembourg Office to Accept Crypto Payments

‘Big 4’ Auditor PwC’s Luxembourg Office to Accept Crypto Payments

“Big Four” auditing firm PwC’s Luxembourg branch will accept cryptocurrency payments from clients starting next month. The move, announced Monday, is a response to client demand and demonstrates PwC Luxembourg’s belief in blockchain technology’s “medium to long-term” role in the economy, the firm said. PwC Luxembourg said it partnered with a local exchange to facilitate the payments.
Huobi Launches Low-Cost Blockchain Phone With Built-in Crypto Wallet

Huobi Launches Low-Cost Blockchain Phone With Built-in Crypto Wallet

A cheaper blockchain phone is debuting in Southeast Asia, with a U.S. and European launch promised in the near future. Huobi Global announced Tuesday the launch of the “Acute Angle” blockchain phone for $515. The Acute Angle is made by Whole Network, a startup that Huobi invested in. Also announced today, Whole Network’s NODE token will be listed on Huobi Prime.
HTC Leads $3 Million Round for Digital Property Rights Startup Bitmark

HTC Leads $3 Million Round for Digital Property Rights Startup Bitmark

Big names are investing in Bitmark, the blockchain property rights startup. Consumer electronics giant HTC led the $3 million Series A, which also saw participation from e-commerce powerhouse Alibaba and investment firms WI Harper and Digital Currency Group. The funding, announced Tuesday, will boost the company’s sales and marketing efforts.
Franklin Templeton to Track Money Fund Shares on Stellar Blockchain

Franklin Templeton to Track Money Fund Shares on Stellar Blockchain

A multi-billion-dollar asset management company plans to use the Stellar blockchain for a new fund. Franklin Templeton Investments filed a preliminary prospectus with the U.S. Securities and Exchange Commission Tuesday for a money market fund whose shares would be recorded on the Stellar Network. The plan requires the SEC’s approval. To be clear: the fund would not invest in any cryptocurrencies or crypto projects.
Crypto Firms Serving Netherlands Must Register With Dutch Central Bank

Crypto Firms Serving Netherlands Must Register With Dutch Central Bank

The Dutch Central Bank is taking a tougher stance on the cryptocurrency industry, citing new European Union anti-money laundering (AML) laws. Beginning Jan. 10, 2020, companies or persons involved in the conversion of crypto to fiat currencies or offering crypto deposit services will be required to self-register with the De Nederlandsche Bank (DNB), the DNB announced Tuesday.
Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Crypto Sleuthing Firm Elliptic Raises $23 Million in Fundraise Led by SBI

Blockchain forensics firm Elliptic has raised $23 million in a Series B funding round led by Tokyo-based financial institution SBI Holdings. Announced Wednesday, the funding will help drive Elliptic’s Asia expansion, which includes a recently opened Singapore office and one in Japan that will open this week. Tomoyuki Nii, executive officer for overseas investment at SBI Investment, who will be joining Elliptic’s board of directors, told CoinDesk that the Japanese company contributed $10 million to the funding round.
Retadup is the Latest Windows Malware Capable of Mining Monero

Retadup is the Latest Windows Malware Capable of Mining Monero

It has been a while since Monero malware made headlines. Recent research by Avast shows this industry is far from dead. The Retadup worm is currently infecting thousands of windows machines in Latin America. Once a device is infected, the malware will begin mining the Monero cryptocurrency and attempt to avoid detection.  The Retadup Threat is Very Real Security researchers are always on the lookout for new potential threats Criminals continue to show an affinity for malware, ransomware, and every other type of software which can cause significant harm.
Why Tether Volume Is at All-Time Highs

Why Tether Volume Is at All-Time Highs

A year after China banned local fiat on-ramps for crypto exchanges, Chinese traders continue to drive the market forward by using the dollar-pegged stablecoin tether (USDT). “Crypto trading businesses are restricted from accessing banking services in China, but they are thriving nonetheless,” Dragonfly Capital Partners co-founder Alexander Pack told CoinDesk.
Ethereum is Quickly Running out of Network Capacity

Ethereum is Quickly Running out of Network Capacity

Many different aspects can hinder the growth of a cryptocurrency project. In Etheruem’s case, the concerns primarily revolve around utilizing the network capacity. Statistics provided by Etherscan confirm the network is close to reaching its limit. Surprisingly, this is not due to dApps or smart contracts. Instead, it is the use of Tether which seemingly slows the network down beyond belief.  Ethereum’s Network Capacity Numerous statistics and charts can be associated with Ethereum and other cryptocurrencies.
Bitcoin Price Faces Third Monthly Loss of 2019

Bitcoin Price Faces Third Monthly Loss of 2019

View Bitcoin is on track to test $9,000, having dived out of a narrowing price range earlier this week. The cryptocurrency is likely to end August on a negative note, having suffered losses in July and January. BTC may suffer a deeper price drop over the next few months, possibly to the 200-day moving average near $7,400, if prices print a UTC close below $9,049 on Saturday, confirming a bearish reversal on the monthly chart.
Billionaire Investor Eyes $1 Billion Crypto Hedge Fund

Billionaire Investor Eyes $1 Billion Crypto Hedge Fund

The billionaire head of Brevan Howard hedge fund, Alan Howard, is launching a crypto portfolio platform that aims to make stable investments in a notoriously volatile market. The platform is geared towards institutional clients and will make strategic investments in other crypto hedge funds, becoming a kind of fund of funds, according to a Financial Times report on August 30.
Monero, Cardano and Binance Coin Cryptocurrency Analysis and Prediction for August 27th: XMR, ADA, and BNB

Monero, Cardano and Binance Coin Cryptocurrency Analysis and Prediction for August 27th: XMR, ADA, and BNB

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 Binance Coin Price Analysis (BNB/USD) 6 Binance Coin Price Prediction (BNB/USD) Monero Price Analysis (XMR/USD) The weak market condition of the Monero coin has ravished its capability to record a bullish market performance.
Seoul’s Artbloc to Offer High-End Art Using Blockchain-Based Fractional Ownership

Seoul’s Artbloc to Offer High-End Art Using Blockchain-Based Fractional Ownership

A Korean start-up will be fractionally selling two works by David Hockney in September. Gangnam, Seoul-based Artbloc this month acquired Focus Moving, 2018 and Pictured Gathering with Mirror, 2018. It will be issuing 8,500 tokens for the former and 5,000 for the latter and offering the tokens during an event to be held at Lounge K in Gangnam on September 19.
Join the CoinDesk Team in Tel Aviv

Join the CoinDesk Team in Tel Aviv

Some members of the CoinDesk team will be holding an On Tap event in Tel Aviv on September 12 and we’d love to see you there. You’ll be able to join Leigh Cuen and Daniel Kuhn at Drama Tel Aviv from 8pm to 10:30pm. The goal is to meet some cool people in the ecosystem and possibly line up some interviews with great thinkers and startups.
Top 10 Cryptocurrencies Now Trading Below 200-Day Price Averages

Top 10 Cryptocurrencies Now Trading Below 200-Day Price Averages

Bitcoin now stands alone in the top 10 cryptocurrencies by market value at CoinMarketCap, with the rest having fallen below a key long-term moving average. The top 10 cryptocurrencies by market value, ether (ETH), XRP, bitcoin cash (BCH), litecoin (LTC), binance coin (BNB), EOS, bitcoin SV (BSV) and stellar (XLM), have now all closed firmly beneath their 200-period moving average (MA) on the daily chart. The event marks a period of greater selling momentum, confirming the majority of the bearish mood currently prevailing among investors.
IBM-Maersk Logistics Blockchain to Be Used by Thai Customs Department

IBM-Maersk Logistics Blockchain to Be Used by Thai Customs Department

Thailand is integrating IBM and Maersk’s blockchain project to streamline its shipment tracking procedures, according to a local news source. The Bangkok Post reported Thursday that the Customs Department of Thailand will adopt TradeLens, the logistics platform jointly supported by IBM and Maersk as part of the country’s Thailand 4.0 policy. Thailand will be the second member of the Association of Southeast Asian Nations to use the platform, following Singapore.