Crypto ‘Unlikely To Disappear’, Says Internal Report A… | News

J.P. Morgan has called cryptocurrencies the “innovative maelstrom” around Blockchain and said they are “unlikely to disappear” in what appears to be an internal report from the company, published Feb. 8, 2018. In an extract from what is allegedly the banking giant’s executive summary on cryptocurrency, the company appears bullish on crypto’s future. “Cryptocurrencies are the face of the innovative maelstrom around the Blockchain technology that is bringing both massive price volatility and a constant trial-and-error of new product try-outs and failures,” the report states. Despite the report’s mixed tone,…

SEC Refuses Request For Information On Disputed Tezos… | News

The U.S. Securities and Exchange Commission (SEC) declined to provide information on Blockchain project Tezos requested by attorney David Silver via the Freedom of Information Act (FOIA), Reuters reported Feb. 10. Silver represents plaintiffs in a lawsuit filed against Tezos back in November, 2017, the second of several lawsuits against the company since it gathered $232 mln in a record-breaking ICO in July, 2017. In the response letter to Silver’s request for information, the SEC denied information disclosure regarding Tezos, citing Exemption 7(A) of FOIA. According to Reuters, the letter…

BitGrail Exchange Asks Devs of ‘Stolen’ Coin To Alter… | News

Suspicion is growing around Italian cryptocurrency exchange BitGrail after its owner seemingly asked for a coin’s ledger to be changed after the exchange reported funds were missing Thursday, Feb 8. BitGrail, a lesser-known exchange in the cryptocurrency space, reportedly suffered losses of one of its hosted tokens, Nano (formerly known as Raiblocks), subsequently freezing trading. In a note on their website posted Feb. 9, the exchange stated that 17 million Nano had been stolen in the hack, an amount worth about $187 million at the time the losses were discovered. XRB…

Cryptocurrency Market Steadily Rebounds, Surpasses $450 Billion

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. At last, after a week-long correction, the cryptocurrency market surpassed $450 billion in valuation, for the first time since February 4. While the market has been steadily recovering, it still isn’t ready to initiate strong rallies. Steady Recovery On February 10, when the market valuation of all cryptocurrencies in the market combined achieved $458 billion, the price of bitcoin peaked at $9,074 and the price of Ethereum hit $911. However, since then, the market has struggled to…

7 Trends Shaping the Evolving ICO Economy

Sure, there were white papers, prototypes and theories, but in the land of ICOs, 2017 was largely about one thing – money – and lots of it. Entering 2018, those closest to the sector, the area of the industry that’s actively applying learnings from cryptocurrencies to startup models, see a bit of a different story. White papers, prototypes and conferences, they believe, will persist. But changes, too, are on the way. Namely, insiders see a wave of testnets, betas and iterations as the signal and noise begin to separate, and…

NY Fed Economists: ‘Advanced Economies’ May Not Need C… | News

The Federal Reserve Bank of New York published an interview on their site Friday, Feb. 9, in which two of its economists explain cryptocurrency, highlighting crypto’s “trustless” nature, but expressing doubt that cryptocurrency could ever “realistically compete with current payment methods.” Michael Lee and Antoine Martin, both economists in the New York Fed’s Research and Statistics Group, took turns answering questions covering basic concepts of cryptocurrency and financial trust. On the notion that virtual currencies are not “backed by anything real”, such as gold, Lee declared pointedly: “You’re right that…

Is Puerto Rico а Crypto Tax Paradise? – Expert Take | News

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to a.mcqueen@cointelegraph.com. 2017 was a challenging year for Puerto Rico. First came the destruction and devastation from Hurricane Irma and Maria. Then came disorganized relief efforts, and allegations back and…

Is Darknet Done With Bitcoin? | News

A new study by Recorded Future has found that Bitcoin is losing its position as the number one currency on the Darknet markets. The Internet tech company analyzed 150 of the most active message boards, marketplaces, and illicit service providers and noticed that the Darknet communities sentiments toward Bitcoin have taken a turn. The Darknet economy The Darknet is an Internet that uses non-standard communication protocols and ports to make it a bit more difficult for the digital identities of users to be revealed. The Darknet requires users to run…

Bitcoin Sets Six-Day High Above $9K (Then Dips Again)

Bitcoin (BTC) is trimming gains, having set a six-day high above the $9,000 mark early Saturday, according to CoinDesk’s Bitcon Price Index (BPI). The cryptocurrency ran into bids at $8,608.62 at 00:14 UTC and jumped to $9,070.64 at 07:17 UTC – the highest level since Feb. 4. As of 12:00 UTC, the BPI is at $8,650 levels. Bitcoin has appreciated by roughly 5 percent in the last 24 hours, according to CoinMarketCap. Still, it’s the broader context that might be most important in understanding why these small gains might tell…

Morning Asian Altcoin Trading Roundup: the leader is Tron

  Things are looking brighter during the Asian trading session this weekend. Bitcoin has done better than hold the pivotal $8k level, it has risen to just under $9,000. As usual the movements of Bitcoin are mirrored in the altcoin charts and most of them are trading higher this morning. The leading altcoin however is one that has taken a lot of flak recently. But with a 53% jump in less than 24 hours Tron is on a flyer at the moment. Social media has been vicious to Tron and…