Wednesday, January 16Your Daily Bitcoin & Altcoin News Portal

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DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

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Please share if you find this article interesting. DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report India’s first digital bank, Digibank, is allegedly closing accounts involved in cryptocurrency-related activity. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 14. As previously reported, the same Twitter user had just recently posted details of alleged anti-crypto restrictions being imposed on account holders by Kotak Mahindra Bank, India's second largest private sector bank by market cap. Both banks’ reported measures come in the context of a prohibition on domestic banks’ dealings with crypto-related businesses, which was announced by India’s central bank, the Reserve Bank of India (RBI) last April, tak
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Crypto Impersonation Scammers on Social Media Raked in Millions in 2018 – Bitcoin News

Crypto Impersonation Scammers on Social Media Raked in Millions in 2018 – Bitcoin News

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Please share if you find this article interesting. Crypto Impersonation Scammers on Social Media Raked in Millions in 2018 - Bitcoin News Security Over the last two years, as cryptocurrencies gained mainstream attention, scammers have become far more prevalent. One particular social media scam that can be found on prominent websites like Twitter, Facebook and Instagram is the impersonation of well-known crypto industry executives and blockchain luminaries. Unfortunately even a verified account means nothing these days and these giant corporations have allowed fraudulent acts to flourish giving criminals the opportunity to rake in millions. Also read: Analysis: Using Technical Indicators to Trade Crypto in 2019 Rampant Crypto Impersonation Continues to Plague Social Media Cha
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Devs Behind Marshall Islands’ National Crypto Confirm Plans to Launch This Year

Devs Behind Marshall Islands’ National Crypto Confirm Plans to Launch This Year

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Please share if you find this article interesting. Devs Behind Marshall Islands’ National Crypto Confirm Plans to Launch This Year A national cryptocurrency for the Marshall Islands is still being actively developed, despite previous disagreements among government officials on the subject, a blog post from the team behind the coin revealed Jan. 10. In the recent post, the team behind the coin — dubbed Sovereign (SOV) — revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project. As the post states, the team is aiming to launch SOV in 2019. The team behind the state-backed crypto includes former Secretary General of the Bank for International Settlements, Dr. Peter Dittus, as the project’s Chief Economist. The project also
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Bitcoin Futures Now Trading At Discount to Exchange Prices

Bitcoin Futures Now Trading At Discount to Exchange Prices

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Futures Now Trading At Discount to Exchange Prices Signs are emerging that the futures market may not be impressed by bitcoin’s recovery from 15-months lows in December – at press time, the cryptocurrency’s spot price is higher than the futures price. As of writing, the global average or spot price calculated by CoinDesk’s Bitcoin Price Index (BPI) is currently $3,650 – up 16.9 percent from the low of $3,122 reached on December. Meanwhile, futures contracts are trading below the spot price. BTC futures As seen above (CME chart), January futures are reporting a $20 discount (futures price-spot price). Further, contracts expiring in February, March and June are trading at a discount of $30, $40 and $80, respectively. A fut
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What We Know About Google Ads Allegedly Blacklisting ‘Ethereum’ as a Keyword

What We Know About Google Ads Allegedly Blacklisting ‘Ethereum’ as a Keyword

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Please share if you find this article interesting. What We Know About Google Ads Allegedly Blacklisting ‘Ethereum’ as a Keyword On Jan. 10, Serbia-based smart contract auditing startup Decenter reported that Google has blacklisted keywords mentioning Ethereum (ETH) on its advertising platform, Google Ads. Google Ads: We can’t confirm that Ethereum is eligible to trigger ads, see our policy Specifically, the startup tweeted that they saw “a hard stop” on Google Ads containing the keyword “Ethereum” starting from Jan. 9. Decenter also tagged the advertising platform’s official account in the tweet, asking whether they had introduced any new policy changes. The Google Ads account then replied, stating that cryptocurrency exchanges targeting the United States and Japan can be advert
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St. Louis Federal Reserve Predicts “Flood” of Altcoins Will Drive Down Bitcoin Prices

St. Louis Federal Reserve Predicts “Flood” of Altcoins Will Drive Down Bitcoin Prices

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Please share if you find this article interesting. St. Louis Federal Reserve Predicts “Flood” of Altcoins Will Drive Down Bitcoin Prices Economics The St. Louis branch of the Federal Reserve bank has published a report seeking to examine the long-term prospects of BTC as an investment. The paper is highly critical of bullish outlooks for bitcoin, asserting that a “flood” of altcoins will deflate the price of all cryptocurrencies relative to fiat currencies over time. Also Read: Marshall Islands Updates 2019 Roadmap for Sovereign Cryptocurrency Economic Research Arm of St. Louis Federal Reserve Assesses Bitcoin’s Prospects The St. Louis Federal Reserve has published a paper that seeks to assess the prospects of bitcoin as a long-term investment. According to the paper, the bu
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Blockchain Adoption in IoT Industry More Than Doubled in 2018: Survey

Blockchain Adoption in IoT Industry More Than Doubled in 2018: Survey

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Please share if you find this article interesting. Blockchain Adoption in IoT Industry More Than Doubled in 2018: Survey Blockchain adoption in the Internet of Things (IoT) industry more than doubled over the last 12 months, a survey conducted by major Dutch cybersecurity firm Gemalto reveals Jan. 15. According to the survey, firms in the IoT industry are increasingly turning to blockchain tech, with adoption of blockchain more than doubling from 9 to 19 percent in the past 12 months. Gemalto reportedly surveyed 950 information technology (IT) and business decision makers globally. According to the survey data, 90 percent of the companies think that IoT device security is a significant consideration for customers and 79 percent are requesting more robust government-issued securit...
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Canadian Platform to Become the Major Global Crypto Exchange by Expanding to 100 Countries

Canadian Platform to Become the Major Global Crypto Exchange by Expanding to 100 Countries

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Please share if you find this article interesting. Canadian Platform to Become the Major Global Crypto Exchange by Expanding to 100 Countries Despite the downturn that shackled the crypto markets in 2018, there is a renewed sense of optimism, as some experts believe the crypto market could fare better in 2019. Canadian-based CoinField plans to make crypto trading more accessible and cheaper for investors — irrespective of where they live — so they can take advantage of when crypto prices go green. The exchange intends to become one of the largest trading platforms for cryptocurrencies. It is already available in 101 countries and the team plans to expand the service to more regions in 2019, including the United States. World-class trading dashboard CoinField was launched in April
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Japanese Finance Giant SBI’s Crypto Subsidiary Backs Mobile Wallet BRD

Japanese Finance Giant SBI’s Crypto Subsidiary Backs Mobile Wallet BRD

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Please share if you find this article interesting. Japanese Finance Giant SBI’s Crypto Subsidiary Backs Mobile Wallet BRD SBI Crypto Investment, a subsidiary of the Japanese financial giant SBI Holdings, has invested in crypto firm Breadwinner AG, Cointelegraph Japan reports on Jan. 15. SBI’s crypto investment fund did not disclose the amount contributed to Switzerland-based Breadwinner, the developer of mobile crypto wallet BRD.   According to the announcement, BRD operates in 170 countries and has been downloaded by 1.8 million Android and iOS users. SBI’s Interim results announcement reveals that in the six months that ended Sept. 30, 2018, SBI Holdings registered over 176 million yen in revenue (about $1.6 million). BRD has not responded to Cointelegraph’s request for comment
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Analysis: Using Technical Indicators to Trade Crypto in 2019 – Bitcoin News

Analysis: Using Technical Indicators to Trade Crypto in 2019 – Bitcoin News

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Please share if you find this article interesting. Analysis: Using Technical Indicators to Trade Crypto in 2019 - Bitcoin News Finance Technical analysis (TA) has been used to trade crypto since its inception. Traders claim that through careful analysis of historical data and focus on price, volume, and related indicators it is possible to identify patterns and predict outcomes. Here are a number of key indicators and mechanics commonly used for trading crypto.  Also read: Everything You Need to Know to Start Trading Cryptocurrencies Technical Analysis Is Controversial  There are a number of ways to use TA to trade cryptocurrencies. Many experienced day traders have been applying Bollinger Bands, Moving Average Convergence Divergence (MACD), Stochastic, the Detrended Oscilla