Sunday, August 25, 2019

Ethereum (ETH) to Fall 20%? Altcoin Capitulation Expected in Two Weeks

In the past few days, the altcoin market has taken a beating with major cryptocurrency assets such as Ethereum (ETH) and Ripple (XRP) dropping to fresh lows. This has caused widespread panic in the industry, and many crypto investors are beginning to believe that a bottom for altcoins will be set.

Ethereum to Fall 20% Further: Analyst Thoughts

However, one cryptocurrency analyst sees Ethereum dropping even more by over 20% and that the real altcoin capitulation will begin in two weeks. Ethereum has lost significantly since the ICO boom that brought the price per ETH to ...

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103 Bitcoins Lost: QuadrigaCX Clients Still Left in the Dark

Earlier this year, the CEO of QuadrigaCX passed away and left behind a lot of issues for the exchange and its customers. 6 months later, the Canadian crypto exchange is now defunct, but users are still requesting information about the recent loss of 103 bitcoins.

Back in February, QuadrigaCX appointed Ernst & Young (EY) to act as an independent third party to monitor all the proceedings in the creditor protection case.

A short time after EY’s appointment, the company announced that Quadriga inadvertently transferred 103 bitcoins to cold (offline) wallets belonging to the

Victory Square Technologies Reports 2018 Year End Results And Files CEO Letter to Shareholders

Results show significant increases in Revenue, Investments, Cash and Working Capital Year highlighted by investment and acquisition of 11 new private companies in 2018 $10,000,000 convertible note to build, develop and create long-term value for portfolio companies and VST shareholders.

VANCOUVER, British Columbia, Aug. 21, 2019 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST)(FWB: 6F6)(OTC:VSQTF) successfully filed its annual consolidated financial statements for 2018 along with its MD&A on Friday, August 16th, 2019. The Company will also be filing its interim financial report and MD&A for the quarterly period ended March 31st, 2019 on or before Friday, August ...

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INX Plans to Raise $130 Million USD From Milestone IPO

INX ltd, a crypto exchange startup, has announced plans to raise up to $130 million USD through an Initial Public Offering (IPO).

INX has developed a regulated platform for cryptocurrency trading and an alternative trading system for security tokens, which it hopes will become a one-stop-shop crypto services platform. The move to raise money through an IPO is quite unusual by market standards, as generally crypto startups tend to raise capital via Initial Coin Offerings (ICO). On Monday, the company filed a draft prospectus with the US Securities and Exchanges Commission to sell 130 million of ...

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Crypto Adoption has Yet to Hit the Masses: Vitalik Buterin Explains Why

The cryptocurrency industry may be popular, but that doesn’t mean it has seen mass adoption. Even Vitalik Buterin, the creator of Ethereum, agrees. Speaking to The Toronto Star recently, the 25-year old multimillionaire provided reasons why he thinks crypto adoption has yet to catch on.

Crypto Adoption: Why Hasn’t It Happened Yet?

Yesterday, The Star posted an article focusing on Buterin’s thoughts on why crypto adoption has yet to happen and what the industry can do to boost the adoption of virtual currencies.

One of the main issues Buterin discussed with crypto adoption is ...

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Marketing Campaign Gone Wrong: Bitmain Against Mangocoin

Promotion is a key element when it comes to the sale of a new asset. Marketing agencies aren’t one of the most overpaid branches of the modern world for nothing.

One of the most efficient marketing strategies out there, is to have a highly-respected member of the community to aim to attract stand behind the new product. Sometimes however, the highly-respected members’ reputation can quickly take a turn for the worse if the product turns out to be a scam.

The crypto world has had its fair share of scams and companies with

Answer to Libra is Ready: China’s Digital Currency Has Been Completed

After Libra revealed its white paper, a lot of geopolitical and financial analysts speculated about China’s potential answer. A little less than a month later, rumors began surfacing that China was already in development of its own digital currency to counter Libra.

Last week, The People’s Bank of China (PBoC), claimed that the counter-cryptocurrency is now ready. Mu Changchun, a deputy director in the PBoC stated that a prototype has successfully been developed now.

Mu explained that this prototype adopts blockchain architecture and becomes a reality after more than 5 years of research.

Quonic: Crypto-Friendly Bank Is Open to Crypto Companies

It’s a very welcomed sight when banks finally begin to realize how outdated they are and attempt to modernize. Quonic Bank from New York City bank however, has recently begun to do business with crypto companies. This puts the bank in the very limited list of US financial institutions who have begun to embrace the crypto sector.

Quonic Bank opened a checking account for a bitcoin ATM company last month. There are also ongoing negotiations to complete a contract to deliver banking services to another emerging crypto startup.

Steven Schnall, the chief executive

Smominru: Monero Malware Now Goes After User Data

The Malware Smominru is known for mining Monero (XMR) and having a very large infection rate. Projections show that there are at least 500 000 infected personal computers.

According to the cybersecurity company Carbon Black however, it seems that Smominru has received a major upgrade.

The company’s Threat Analysis Unit seems to have discovered that a new component has been added to the malware. This new component enables Smominru to now steal system access information.

The report states that the stolen information is almost always found on the dark web for a price.

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