Crypto Noob 86 - Global Crypto Update Network: May 2019

Friday, May 31, 2019

Bahamas National Cryptocurrency Developer Says Startups Essential for Adoption

The CEO of the firm developing the Bahamas’ central bank digital currency said that startups will be key to its adoption

from Cointelegraph.com News http://bit.ly/2MiuvT7

Crypto Markets Show Signs of Recovery, While Oil Prices Slump

Digital currencies have shown gains on the day following yesterday’s correction

from Cointelegraph.com News http://bit.ly/2Qzb9I7

G20 International Watchdog Says Regulators Need Better Crypto Risk Assessments

The FSB urges regulators to stay on top of risk management policies for the rapidly-changing cryptocurrency space

from Cointelegraph.com News http://bit.ly/2Z1WuIl

Bitwise Calls Out to SEC: 95% of Bitcoin Trade Volume Is Fake, Real Market Is Or

Bitwise: 95% of BTC trade volume is fake, calls on SEC to acknowledge the market is stable

from Cointelegraph.com News http://bit.ly/2IebMDf

EY Open-Sources ‘Nightfall’ Code for Private Transactions on Ethereum

One of the world's largest consultancy firms has released a new set of protocols for enabling private transactions atop the ethereum blockchain.

from CoinDesk http://bit.ly/2wwCPEk

Bitcoin and Top Altcoins See Losses as US Stock Market Sees Slight Uptrend

Bitcoin and most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time

from Cointelegraph.com News http://bit.ly/2HMz8kf

SBI Plans Launch of In-Store Payments With Ripple-Powered ‘Money Tap’ App

SBI Ripple Asia is live testing in-store payments using its Ripple xCurrent-powered Money Tap app before a full launch "this year."

from CoinDesk http://bit.ly/30UgHBz

Bitcoin Blender Cryptocurrency Mixing Service Shuts Itself Down

Users of cryptocurrency mixing service Bitcoin Blender were asked by the service’s administrators to withdraw their funds because of an imminent shutdown

from Cointelegraph.com News http://bit.ly/2wBdAjX

Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout for June 3

Stablecoin PAX will begin trading within Blockchain.info’s wallet next week

from Cointelegraph.com News http://bit.ly/2W7od8y

Russia: Raiffeisen Bank Introduces Blockchain Platform for Corporate Settlements

A Russian subsidiary of Austria’s Raiffeisen Bank International has introduced a blockchain platform for settlements by holding firms

from Cointelegraph.com News http://bit.ly/2W3RTUi

SBI Ripple Asia to Trial Store Settlement Service for XRP-Powered Payments App MoneyTap

SBI Ripple Asia is launching a store settlement service affiliated with SBI Holdings and Ripple’s jointly developed consumer-focused XRP-powered payments app MoneyTap

from Cointelegraph.com News http://bit.ly/2WlSwh2

Liquidators of Hacked Cryptopia Exchange Release Report, Note $4.2M Owed to Creditors

Liquidators of now-defunct New Zealand crypto exchange Cryptopia have released the first report on the state of affairs of the firm

from Cointelegraph.com News http://bit.ly/2EWF3l5

Chainalysis Research: Speculation Remains Bitcoin’s Primary Use Case

Research from U.S.-based blockchain intelligence firm Chainalysis shows that only 1.3% of economic transactions for bitcoin came from merchants in the first four months of 2019

from Cointelegraph.com News http://bit.ly/2Ki9h59

Coinbase Adds Support for EOS Cryptocurrency on Retail Site and Apps

Coinbase has added support for the EOS cryptocurrency for customers on Coinbase.com and its Android and iOS apps.

from CoinDesk http://bit.ly/2YWYSjx

Bitcoin Price Looks Poised for Pullback But June Could Revive Rally

Bitcoin is teasing a short-term bearish reversal at the onset of the historically strong month of June.

from CoinDesk http://bit.ly/2W5uKke

Galaxy Digital Founder Michael Novogratz: BTC Will Consolidate in $7,000-$10,000 Range

Bitcoin will consolidate in the $7,000-$10,000 range, according to founder and CEO of cryptocurrency merchant bank Galaxy Digital Michael Novogratz

from Cointelegraph.com News http://bit.ly/2WuqaQQ

Blockchain.info Adds PAX Stablecoin to Mobile Wallet

Crypto-wallet powerhouse Blockchain is adding a dollar-pegged stablecoin to attract more users.

from CoinDesk http://bit.ly/2JKT6xS

Global Securities Regulator Seeks Public Feedback on Regulating Crypto Trading Platforms

Global securities regulation standard setter, the International Organization of Securities Commissions, published a consultation paper on regulating crypto trading platforms

from Cointelegraph.com News http://bit.ly/30WqDut

UpBit Exchange Phishing Email Scam Came From North Korea, Source Claims

Hackers from North Korea were reportedly behind a phishing scam targeting users of South Korean cryptocurrency exchange UpBit

from Cointelegraph.com News http://bit.ly/30Wt7J7

Japan Officially Approves Bill to Amend National Legislation Governing Crypto Regulation

The Japanese House of Representatives has officially approved a new bill to amend national laws that govern crypto regulation

from Cointelegraph.com News http://bit.ly/2EI1me8

Collapsed Crypto Exchange Cryptopia Owes Creditors $2.7 Million: Liquidators

The liquidators of hacked New Zealand crypto exchange Cryptopia say it owes over $2.7 million to creditors, while user losses are still unknown.

from CoinDesk http://bit.ly/2QBS6wK

A Crypto-Friendly Puerto Rico Bank Is Crowdfunding on Circle’s SeedInvest

Arival Bank aims to serve crypto firms rejected by traditional banks and is crowdfunding $3 million on Circle's SeedInvest platform.

from CoinDesk http://bit.ly/2WxaU5H

Thursday, May 30, 2019

What to Expect at the SEC’s Blockchain Forum on Friday

At a fraught moment for government-industry relations, the SEC and crypto insiders are sitting down for a meeting.

from CoinDesk http://bit.ly/2JMAz4j

North Korean Hackers Target UpBit’s South Korean Users

North Korean hackers have been using a familiar phishing tool to steal UpBit customer details.

from CoinDesk http://bit.ly/2QBRhDY

Most Major Coins See Red as Market Corrects Downward, Gold in the Green

Top three cryptocurrencies BTC, ETH, and XRP are trending down and most coins are in the red following a substantial surge earlier today

from Cointelegraph.com News http://bit.ly/2HNaHmP

Irish University to Offer Blockchain Master’s Degree Following New Partnership

Ireland has a new master’s program in blockchain tech, co-developed by ICT Skillnet and Dublin City University for professionals in the IT field

from Cointelegraph.com News http://bit.ly/30Va8P8

Ethereum Classic May Delay Upcoming Hard Fork ‘Atlantis’

Ethereum Classic developer failed to reach consensus today a "final call" to approve, update or reject upcoming system-wide upgrade or hard fork, Atlantis.

from CoinDesk http://bit.ly/2W3milB

Coinbase Now Supports Cryptocurrency Token EOS

The top 10 cryptocurrency EOS is now supported by Coinbase for trading and storage

from Cointelegraph.com News http://bit.ly/30UV700

Cryptocurrency Custodian Anchorage Adds Insurance Coverage

Cryptocurrency custodian firm Anchorage announced it is now offering insurance coverage for cryptocurrencies

from Cointelegraph.com News http://bit.ly/2WBiThW

Neo Upgrade Scheduled For Beginning of June, New Oversize Fee Added

Neo says it will upgrade mainnet in the beginning of June with new network fee rules and an oversize fee

from Cointelegraph.com News http://bit.ly/2YW4z15

The Cryptopia Nightmare Drags on as Liquidators Struggle to Reimburse Hacked Users

Have the dangers of centralized exchange custody been exposed? Auditors battle for the release of Cryptopia user data kept on third-party servers

from Cointelegraph.com News http://bit.ly/2EJhSKB

Bitcoin’s Price Fades Rally Above $9,000

Bitcoin's price pierced $9,000 earlier today for the first time in over a year but quickly retreated to price levels sub $8,600.

from CoinDesk http://bit.ly/2KgnsaT

‘Everyone Can Be Satoshi’: Wei Liu Breaks Silence on Bid to Contest Craig Wright’s Bitcoin Copyright

Crypto trader Wei Liu says he registered a copyright on the Satoshi White Paper to poke fun at what he calls the "cult of CSW."

from CoinDesk http://bit.ly/2HM3bbK

Bitcoin Breaks $9,000 In Latest Landmark Price Point

In the latest milestone of its renewed bull run, bitcoin today broke past $9,000 to soar to its highest price point in over a year

from Cointelegraph.com News http://bit.ly/2QAp800

Japanese Financial Services Agency Approaches Crypto ETFs With Caution, Cites Volatility

Cryptocurrency-based exchange-traded funds are reportedly being approached with caution by the Japanese Financial Services Agency

from Cointelegraph.com News http://bit.ly/2HJtsHM

Report: Robinhood Using Crypto Trade Execution Services From Jump Trading

U.S.-based stock and crypto trading app Robinhood has reportedly been cooperating with Chicago trading firm Jump Trading for crypto trade execution services

from Cointelegraph.com News http://bit.ly/2HMwJ9k

Study Suggests Ticker Readability Positively Impacts a Cryptocurrency's Returns

A new small-scale study ostensibly indicates that the readability of a cryptocurrency’s ticker symbol positively correlates with higher returns in the first week of listing

from Cointelegraph.com News http://bit.ly/2I2E2s4

Susquehanna’s Digital Asset Head Bart Smith: Bitcoin Is Certainly Speculative and Risky

Susquehanna’s head of digital asset Bart Smith has claimed that bitcoin investments are “certainly speculative”

from Cointelegraph.com News http://bit.ly/2JMfO8K

Tron Announces BitTorrent-Based IPFS Variant Decentralized File System Protocol

A BitTorrent-based version of decentralized file system InterPlanetary File System has been announced by Tron

from Cointelegraph.com News http://bit.ly/2ELmLD3

Huobi Clamps Down on Crypto Wash Trading After Bitwise Report

Huobi said it has taken steps to discourage wash trading in the wake of a report that implied the exchange inflated trading volume.

from CoinDesk http://bit.ly/2YV9QGf

Chinese Authorities to Investigate Illegal Mining Farms at ‘Global Mining Capital’ Sichuan

Chinese authorities are investigating the alleged illegal bitcoin mining farms located in “global mining capital” Sichuan province

from Cointelegraph.com News http://bit.ly/2HJqAdK

Fake News Circulating in China Suggested to Be Responsible for Bitcoin SV Price Surge

The cause of yesterday’s bitcoin sv price surge may be due to fake news, according to crypto investment firm Primitive Ventures co-founder Dovey Wan

from Cointelegraph.com News http://bit.ly/2WzOVen

Russia’s Largest Bank Halts Crypto Plans Due to Central Bank’s Negative Stance

Russia's largest bank, Sberbank, has suspended its crypto-related plans due to the central bank’s negative stance on crypto

from Cointelegraph.com News http://bit.ly/2EH5tag

Binance to Offer Crypto Lending and Borrowing Through Cred Partnership

Binance exchange is making cryptocurrency lending and borrowing firm Cred an official partner.

from CoinDesk http://bit.ly/2Miooym

Chinese Citizen Wei Liu Also Claims US Copyright for Bitcoin White Paper

Another copyright claim to bitcoin’s white paper has been filed by Wei Liu, a Chinese citizen residing in California

from Cointelegraph.com News http://bit.ly/2JO4Hfy

Australian Securities Watchdog Updates Guidance on ICOs and Crypto Assets

ASIC, the Australian securities regulator, has updated its guidance for businesses involved with initial coin offerings and crypto assets.

from CoinDesk http://bit.ly/2Xel9sT

Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines

New initial coin offering and cryptocurrency guidelines have been released by the Australian Securities and Investment Commission

from Cointelegraph.com News http://bit.ly/2MewB6t

Hong Kong’s Securities Regulator Calls for Crypto Regulation to Confront Fraud

The Hong Kong Securities and Futures Commission has expressed concern over the lack of regulation dealing with fraud in the crypto space

from Cointelegraph.com News http://bit.ly/2QB0xZm

Deloitte Tests Data Management on Ethereum Blockchain With Three Irish Banks

Several Irish banks are testing a new blockchain tool from Deloitte

from Cointelegraph.com News http://bit.ly/30RoekR

Bitcoin Remains on Hunt for $9K After Defense of Key Price Support

Bitcoin still has potential for a move to $9,000, having established a bullish pattern at key price support in the last 24 hours.

from CoinDesk http://bit.ly/2WvVbDL

North Korea Launched Cryptocurrency Attacks in Response to Sanctions, Says FBI

U.S. officials claim attacks such as WannaCry and hacks of crypto exchanges were an attempt to circumvent sanctions by North Korea

from Cointelegraph.com News http://bit.ly/2Kd3zl7

Another Satoshi: Second Copyright Filing Appears for Bitcoin White Paper

Craig Wright now has a legal rival for claimed authorship of the bitcoin white paper, as a second registration is filed with the U.S. Copyright Office.

from CoinDesk http://bit.ly/2XlpDxW

Coinbase Not Currently Investing in Decentralized Exchange Sector, Executive Confirms

Coinbase will not seek to challenge Binance in the decentralized exchange sector immediately, according to a Coinbase exec

from Cointelegraph.com News http://bit.ly/2WedLB1

Three of Ireland’s ‘Big Four’ Banks Using Blockchain to Verify Staff Credentials

Bank of Ireland, AIB and Ulster Bank, are using a Deloitte blockchain system to verify and track employees' credentials.

from CoinDesk http://bit.ly/2WwBXOw

China Authorities Probe Alleged Illegal Bitcoin Mining Sites at Hydro Plants

Authorities in Sichuan province are reportedly probing into local bitcoin mining farms that may have been constructed without official approval.

from CoinDesk http://bit.ly/2XgUr2y

New Game From ‘CryptoKitties’ Creator Nets Nearly $200K in First-Week Spending

"Cheeze Wizards" is the new crypto game from Dapper Labs, and it's already seeing interest from NFT collectors.

from CoinDesk http://bit.ly/30VwqQQ

Wednesday, May 29, 2019

How MakerDAO Works – The Stablecoin Explainer

The most popular decentralized finance application on ethereum, MakerDAO, was built to keep a stablecoin's price stable. Under the hood, it's quite complex, featuring two separate tokens, a lending system and even a voting process. Here's how it works

from CoinDesk http://bit.ly/2I6KDSE