Please share if you find this article interesting. Stock Analytics Firm Lowers BTC Year-End Price Prediction by Nearly 17% Stock analytics firm Trefis has recently lowered their Bitcoin (BTC) year-end price forecast from $15,000 to $12,500, according to a blog post June 5. Lowering Our Year-End Bitcoin Price Target To $12,500 Due To Weaker Transaction Volume Outlookhttps://t.co/Plya7iHWKo — TREFIS (@Trefis) June 6, 2018 Trefis’ BTC forecast analytics is based on fundamentals of supply and demand, where demand is the number of users and the amount of transactions, and supply is the number of available BTC. Trefis pointed out significant recent losses in total transaction volumes across crypto exchanges, and attributes a surplus in supply and subsequent drop in price to Mt. Gox du
Please share if you find this article interesting. Operation Prowli Malware Infects Over 40,000 Machines, Which Were Used for Crypto Mining The GuardiCore security team has discovered a malicious traffic manipulation and cryptocurrency mining campaign, according to an announcement published June 6. The campaign infected over 40,000 machines across various industries, including finance, education, and government. The campaign called Operation Prowli used various techniques like exploits and password brute-forcing to spread malware and take over devices, such as web servers, modems, and Internet-of-Things (IoT) devices. GuardiCore found that the attackers behind Prowli were focused on making money rather than ideology or espionage. According to the report, the compromised devices w...
Please share if you find this article interesting. Coinbase Acquires Financial Services Firm to Become SEC-Regulated Broker Dealer Leading US cryptocurrency trading platform Coinbase initiated the process to become a fully regulated broker dealer by the US Securities and Exchange Commission (SEC). According to an announcement published June 6, this is made possible by the acquisition of securities dealer Keystone Capital Corp. in addition to Venovate Marketplace, Inc., and Digital Wealth LLC. The acquisition could help the San Francisco-based exchange extend its offerings and subsequently expand into non-crypto financial products. In the announcement, the company said it’s looking to “work with regulators to tokenize existing types of securities,” which the exchange believes will
Please share if you find this article interesting. Latin American NGOs Embark Upon Tour to Promote Bitcoin in Argentina Emerging Markets “Bitcoineta”, a cryptocurrency awareness program conceived by non-profit organizations, Bitcoin Argentina, and Bitcoin Americana has commenced. The campaign will comprise a minivan boldly donning the bitcoin logo embarking on a road trip across Argentina and Latin America with the goal of spreading knowledge and fostering bitcoin adoption. Also Read: Cryptocurrency Exchanges Are Drowning in Tokens Latin American NGOs Team Up to Launch Bitcoin Awareness Campaign Non-government organizations Bitcoin Argentina and Bitcoin Americana have begun ‘Bitcoineta‘ – a minivan tour across Argentina designed to bolster bitcoin awareness and adoption. The
Please share if you find this article interesting. Susquehanna Is Opening Crypto Trading, Starting with BTC Futures American global trading and technology firm Susquehanna International Group is opening cryptocurrency trading to its clients, initially in the form of Bitcoin (BTC) futures, the New York Times reported June 5. The company, based in Bala Cynwyd, Pennsylvania, is one of the largest financial firms in the world, trading traditional investments, such as stocks, options, and exchange traded funds (ETFs). The privately-held company has also built a trading desk for the purchase and sale of cryptocurrencies in private deals over the past two years. Now, the firm plans to begin offering digital currencies to a small group of its 500 clients with a view to expand the service...
Please share if you find this article interesting. Swiss Bank Becomes First in Country to Offer Business Accounts to Crypto Companies Hypothekarbank Lenzburg has become the first bank in Switzerland to provide business accounts to blockchain and cryptocurrency companies, Cointelegraph auf Deutsch reported June 6. While Falcon Private Bank has provided crypto asset management services since last year, Hypothekarbank Lenzburg CEO Marianne Wildi confirmed that they are first bank in the country to open company accounts for blockchain and crypto-related fintech companies. Wildi said: "As a bank that sets itself up technologically and pursues a cooperative strategy in the field of fintech, it is also a matter of credibility to work together with the young sector of crypto and blockch...
Please share if you find this article interesting. Nchain & Coingeek Reveal 'Miners Choice' Initiative for BCH Dust Limit and Fees - Bitcoin News News On Tuesday the blockchain firms Nchain and Coingeek announced a ‘Miners Choice’ initiative that aims to promote lowering minimums for mining fees and transaction values. The company’s mining operations plan to lead the effort by adjusting their pool’s settings in order to remove the minimum ‘dust limit’ as well as accept some zero mining fee transactions in their blocks. Also Read: IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money The ‘Miners Choice’ Initiative Proposed by Coingeek and Nchain The two BCH-centric blockchain companies Coingeek and Nchain have started an initiative called ‘Miners Choice’
Please share if you find this article interesting. Current Spot Litecoin Price Isn’t Indicative of Its True Value: Litecoin (LTC) Technical Analysis (June 7, 2018) Generally, Litecoin is a long term buy and after several fundamental announcements, odds are prices are likely to take off according to our Litecoin price projection. Though price action points a different picture with prices In line with our previous analysis, we now have a clear triple bottom after last week’s bullish bar. $120 is apparently turning out to be a strong spring board for buyers and that’s the reason why the nature of this week’s close will either make or break Litecoin. In any case, it’s highly like that buyers may pick up and reverse May’s long covering as market participants jump in and pump prices. W
Please share if you find this article interesting. IOTA Network Security FUDs Resurfaces Denting Bulls: IOTA, Tron, EOS, Litecoin and Stellar Lumens Technical Analysis (June 7, 2018) Regardless of our stand, Tron is making progress by not only marketing themselves but by placing themselves at strategic points as they aim to expose themselves to incoming capital injection. So far we have seen collaboration with exchanges but with Shift Market and BitForex, it’s a different ball game. As this is happening, IOTA is low while EOS is struggling to print above June 2 highs.EOS Technical AnalysisEOS Daily Chart by Trading ViewAfter mainnet launch, the scale and scope of the EOS project is becoming more apparent. By all accounts, it’s genuinely massive. That’s not only because it’s a glo
Please share if you find this article interesting. Hyperledger Exec: Blockchain Will Diminish Power of Tech Giants Like Google Executive Director of Hyperledger Brian Behlendorf said he expects blockchain technology to curb the power of Silicon Valley's major technology companies, Cointelegraph auf Deutsch reported today, June 6. In an interview with Swiss business newspaper Handelszeitung, Behlendorf said that the coming wave of technology “will not be shaped by Silicon Valley,” adding that too many companies in Silicon Valley want to be the center of the world and “have a blind spot when it comes to blockchain.” Behlendorf stated: “Tech giants such as Google , Amazon or Facebook will undoubtedly pick up blockchain and generate business models from it. However, I think that the