Tag: scripsio

Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to a new report.

The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of the new backers will invest roughly $10 million in the project as part of a governing consortium for the cryptocurrency.

Stripe, Booking.com and MercadoLibre are part of the project, according to the Journal, though the report does not specify what their roles are.

Hackers are now accessing wallets containing cryptocurrency stolen from Binance in May. Coinfirm, the company that tracked the original few moves in early May has spotted a massive outflow from the original hoard of wallets created on May 7, 2019.

Coinfirm’s CEO, Grant Blaisdell, wrote:

The attack was conducted using diversified techniques including viruses and phishing. According to Binance, stolen funds constituted approximately 2 percent of total BTC holdings of the exchange. In order to prevent user’s funds from being affected and guarantee stable work of the platform, Binance used its SAFU fund to cover the loses. The Secure Asset Fund for Users was established on July 14, 2018 and consists of 10 percent of all trading fees.

Another top executive is leaving ConsenSys.

Chief Marketing Officer Amanda Gutterman is the latest to depart the ethereum venture studio, according to two sources familiar with the matter. A ConsenSys spokesperson later confirmed that Gutterman is stepping down from her role as CMO.

Gutterman becomes the third executive departure in recent months, with Andrew Keys announcing his new project on June 6 and former ConsenSys Ventures head Kavita Gupta stepping away in May.

The blockchain conglomerate, led by ethereum co-founder Joseph Lubin, emerged from a round of layoffs late last year that brought the company’s headcount below 1,000. The Brooklyn-based firm still plays an outsized role in developing the ethereum ecosystem.

Institutional cryptocurrency platform Bakkt will begin testing its first product, physically-delivered bitcoin (BTC) futures on July 22, the company announced in a blog post on June 13.

Bakkt, which has seen multiple delays over regulatory compliance since its original announcement in August 2018, will offer futures as the first in a series of offerings, full details of which remain unclear.

“On July 22, two days after Apollo 11’s 50th anniversary, Bakkt will initiate user acceptance testing for its bitcoin futures listed and traded at ICE Futures U.S. and cleared at ICE Clear US,” chief operating officer Adam White wrote in the blog post, adding:

“This is no small step. This launch will usher in a new standard for accessing crypto markets. Compared to other markets, institutional participation in crypto remains constrained due to limitations like market infrastructure and regulatory certainty.”

We all know that banks make it difficult for blockchain businesses by denying them access to conventional banking services and accounts. Well now, it seems insurance firms are throwing a spanner in the works for cryptocurrency mining businesses in Africa.

Old Mutual Insure, a pan-African insurance firm, is opting out of insuring the computer equipment used by cryptocurrency mining firms, a local news outlet reports. The insurance firm has taken the decision to refuse insurance, citing the unregulated nature of the industry, and that cryptocurrency is often associated with cybercrime as the main reasons.

“We are pleased to announce an update to the Netkoin website will launch on 14 June 2019.”

“Please don’t miss out on this Friday’s AGA held by Nick, GM of Gifto”

“UNCHAIN is a 2 day conference featuring the world‘s leading cryptocurrency and blockchain entrepreneurs.”

Deposit date: 10 June 2019. Listing date: 14 June 2019.

ZG Exchange Listing

So we were not able to break the resistance line at 0.43$ and it created a little rejection towards the next support line around 0.415$. Now we can see clearly we are sitting on this new support line. The important point now is to see in which direction we will go. We could use this support line to do a bounce and break the resistance line at 0.43$ or break that support line and again go in the south direction.

Wednesday, June 12 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all in the green. Cryptocurrencies on the whole are trending up today, according to data provided by Coin360.

Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market.

This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross.

Prices could rise to $8,400 in the next 24 hours, having witnessed a bearish channel breakout on Wednesday. A break below key 4-hour chart support at $7,910 would weaken the case for a rise to $8,400.

The Takeaway:

With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies.
The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects.

The consortium says it is open to working with JPMorgan, whose JPM Coin project has similar aims.

Fnality’s tech partner, Clearmatics, is building these systems on a private version of ethereum.

Cryptocurrency exchange Ethfinex, the sister exchange of Bitfinex, has launched a test decentralized autonomous organization (DAO), the company confirmed in a blog post on June 12.

Ethfinex — which earlier this month launched a decentralized over-the-counter (OTC) trading platform — said it wants to decentralize control of its operations.

The DAO was built by DAOstack and is known as efxDAO, with an initial funding budget of $5,000.

“Today we reach an important milestone in our path to decentralised governance of Ethfinex,” the exchange’s community lead, Ben Wilson, wrote in the blog post. Wilson added:

“We have collaborated with decentralisation protocol experts DAOstack to create an experimental funding Decentralised Autonomous Organisation (DAO), efxDAO.”

An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from. Among the topics covered are Bitcoin basics and consensus. Meanwhile, India’s regulatory framework for cryptocurrency is reportedly ready.

FinanceX lists XLM with VND and IDR pairs at 10 AM (UTC+7).

LTO Network gives a keynote presentation on LTO x IBM Watson at IBM Think Conference in Amsterdam.

Find out why #blockchain technology is beyond just crypto and FinTech and how it can help as a lever of sustainable development with #NEM…

“Join Qtum Official on June 13th at 4PM UTC for an AMA in the Trust Wallet Telegram group.”

“…The first issue of TENX Tokens to eligible token holders will be carried out on 13 June 2019.”

So yesterday I was saying you that the best scenario was a pull back on the support line as consolidation and after the continuation of the UP. We dropped more deeper than the support line but it looks like the market want again come back on that line. We are now sitting on it and we need a break out in one of the directions.