Wednesday, February 19Your Daily Bitcoin & Altcoin News Portal

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Binance Halts Trading to Resolve Technical Problem

Binance Halts Trading to Resolve Technical Problem

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Please share if you find this article interesting. Binance Halts Trading to Resolve Technical Problem Major cryptocurrency exchange Binance halted trading on its platform to resolve an unexpected technical issue with its infrastructure. An announcement published by Binance on Feb. 19 notes that, due to unscheduled system maintenance, the exchange suspended most of its activities. More precisely, as of press time, it is not possible to perform “deposits, withdrawals, spot trading, margin trading, P2P trading, lending, redemption, as well as asset transfers from sub-accounts, margin accounts, futures accounts, and fiat wallets” on the platform. In a statement shared with Cointelegraph, Binance reassured its users that partner exchanges such as Binance.US were unaffected and that tr
Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium – Bitcoin News

Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium – Bitcoin News

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Please share if you find this article interesting. Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC's 41% Premium - Bitcoin News Cryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10 digital currencies by market cap have gained between 4-8% and the entire market valuation of all cryptos has hovered between $295-300 billion. Also Read: Voluntary Financing: Bitcoin Cash Devs Reveal Noncustodial Funding App Flipstarter Crypto Markets Shave Prior Losses and Show Daily Gains On Wednesday, February 19, digital currency markets are in a sea of green again after a day or two of losses throughout Sunday and Monday’s trading sessions. Today most of the top 10 digital assets besides tether (US
Don’t Obsess Over Crypto End-Users, We Still Need Developers to Build the Back End

Don’t Obsess Over Crypto End-Users, We Still Need Developers to Build the Back End

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Don’t Obsess Over Crypto End-Users, We Still Need Developers to Build the Back End Jill Carlson, a CoinDesk columnist, is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system. She is also an investor in early stage startups with Slow Ventures.  Where are the users? This is the big question facing the cryptocurrency and blockchain technology world. For some, it is the elephant in the room. For others, it is the tantalizing puzzle waiting to be solved. For everyone, it is a matter of survival. A couple of years ago, I wrote a bit about how I conceive of the blockchain technology stack. The stack breaks down into three layers: products, p
Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds

Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds

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Please share if you find this article interesting. Poloniex ‘Last Resort’ Trade Reversals Necessary to Safeguard Trader Funds Cryptocurrency exchange Poloniex remains confident that it has identified and fixed an error that caused a number of erroneous trades on the platform earlier this week. On Feb. 12, Poloniex made a decision to reverse all trades that took place during an 11-minute period due to a software error. The bug caused trades to be executed and accounted for inaccurately. The platform’s automated audit system picked up the affected trades and halted all withdrawals. Following that, the Poloniex team effectively reversed every trade that had been executed as a result of the bug. The main reason for the reversal, which copped criticism from all corners of the cryptocu
Samsung Keeps Cryptocurrency Functionality in Galaxy S20 Models

Samsung Keeps Cryptocurrency Functionality in Galaxy S20 Models

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Please share if you find this article interesting. Samsung Keeps Cryptocurrency Functionality in Galaxy S20 Models South Korean technology giant Samsung recently unveiled its latest smartphone series, the Galaxy S20, at the Unpacked 2020 event in San Francisco.  While the headline feature is undoubtedly the new camera, according to the official marketing material the phone will also improve on the integrated blockchain security features introduced a year ago on the Galaxy S10. Security is still a highlight After copious details regarding the new camera, and briefly mentioning 5G, battery life and storage, Samsung highlights the new phones’ security features. These build on the Knox platform, a defense-grade security solution which stores private keys in a secure isolated area. “W
Coinbase Becomes Direct Visa Card Issuer With Principal Membership

Coinbase Becomes Direct Visa Card Issuer With Principal Membership

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Please share if you find this article interesting. Coinbase Becomes Direct Visa Card Issuer With Principal Membership Coinbase is now a principal member of Visa, according to a Feb. 19 announcement. This will allow it to issue debit cards without relying on third parties. The membership is an evolution of Coinbase’s current relationship with Visa, with the cryptocurrency exchange providing a Visa-based debit card. Called Coinbase Card, it allows customers residing in the European Union or European Community to spend multiple cryptocurrencies. While the card itself can function globally, it cannot be ordered by people residing outside of the supported areas. Coinbase reports that the card is seeing the most usage in the United Kingdom, followed by Italy, Spain and France. Through
CFTC Letter Provides Little Clarity in Telegram’s Battle With SEC

CFTC Letter Provides Little Clarity in Telegram’s Battle With SEC

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Please share if you find this article interesting. CFTC Letter Provides Little Clarity in Telegram’s Battle With SEC Another United States regulatory agency has weighed in on Telegram’s ongoing legal battle with the Securities Exchange Commission. Following a request by the New York Southern District Court, a division at the Commodity Futures Trading Commission (CFTC) has filed a letter with the court on Feb. 18, expressing its views on the complicated case involving Telegram’s digital currency Gram. CFTC says digital currency is a commodity According to the letter, the CFTC’s stance on the case is “relatively straightforward” and stipulates that a “digital currency is a commodity.” Submitted by the CFTC’s Office of General Counsel, the letter represents the views of the division
Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator

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Please share if you find this article interesting. Indian IT Giant Tech Mahindra and Local Gov’t Launch Blockchain Accelerator Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, is launching a blockchain accelerator together with the government of the southern state of Telangana.  The parties hope the accelerator will become a “torch-bearer” for future accelerators nationwide, the Economic Times reported on Feb. 19. The new “T-Block Accelerator” is aimed at fostering blockchain startups that have identified a strong real-world use case for the technology, and to boost industry growth overall. Innovation management firm IBC Media will run the accelerator program, which developed following a Memorandum of Understanding (MoU) that was signed between the governme
Bitcoin Bulls Back in the Driving Seat as Price Crosses $10K

Bitcoin Bulls Back in the Driving Seat as Price Crosses $10K

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Bulls Back in the Driving Seat as Price Crosses $10K View Bitcoin jumped above back $10,000 on Tuesday, reinstating the bullish trend and opening the doors for further gains toward $10,500. The bull case would strengthen with a descending channel breakout on the 4-hour chart. A strong rejection at the channel hurdle could yield a re-test of the former resistance-turned-support at $9,825. Bitcoin returned into the five-figure zone on Wednesday, reviving the bullish case and putting recent highs near $10,500 back on the radar. At press time, bitcoin is trading at $10,139, representing a 4.48 percent gain on a 24-hour basis, as per CoinDesk’s Bitcoin Price Index.  However, the top cryptocurrency by market value was l
Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders

Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders

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Please share if you find this article interesting. Korean ICO Contents Protocol Shuts Down, Will Return $7.5M to Holders The South Korean initial coin offering project Contents Protocol will return 26,877 Ether (ETH) ($7.5 million at press time) to holders of its CPT token. Both legal obstacles and business challenges were cited as reasons for the shutdown. The details are visible on the project’s modified homepage, first recorded on Feb. 19. Its public ICO ended in December 2018 and collected almost 7,000 ETH, which was its funding goal. The remaining 22,000 ETH came from private token sales. The project was combined with a content platform developed by Watcha, the company behind the token. The idea was to reward platform users with the CPT token for interacting with the platfor