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Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion. ...

Bitcoin, bitcoin price
Since February 17, within 4 days, the valuation of the crypto market has increased from $120 billion to $135 billion, by $15 billion.
Crypto assets that have outperformed both Bitcoin and the U.S. dollar throughout February in the likes of EOS and Litecoin recorded 4 to 6 percent gains in the past 24 hours, showing strong momentum.
Litecoin Surges by More Than 50% in 3 Weeks, Source: TradingView
Litecoin, in particular, demonstrated a spectacular rally from $33 to $50, gaining 51.5 percent in less than three weeks.
However, a technical analyst with an online alias “The Crypto Dog” remains unconvinced that Bitcoin will initiate a large upside movement above $4,000 in the near-term.


Fundamentals of most major crypto assets have strengthened throughout 2019 in spite of the 85 percent decline in the valuation of the crypto market.
Some of the world’s largest financial institutions and technology conglomerates such as Fidelity, Nasdaq, ICE, and Samsung have started to build an infrastructure supporting the asset class.
On February 20, in San Francisco, Samsung officially announced the integration of crypto private key storage support on its flagship Galaxy S10. The move could expose cryptocurrencies to the mainstream in a magnitude previously unseen.
However, technical indicators generally point toward a minor retrace in the price of Bitcoin in the short-term following a rapid movement from mid-$3,000 to $4,000.
The analyst said that expecting the value of BTC to rise substantially in the $3,900 to $4,000 range could be risky.
He explained:
Potential bull pennant. I’m not trying to fade it, but not in a leveraged position either. If we break down 3,800 is the first major support and it may hold, but for now I’m just holding spot waiting for a long closer to $3,720.
This is starting to look and feel like ETH circa Jan 5. It could pump, sure, but I personally don’t want to long $39XX.
As Bitcoin demonstrates stability in a tight range near $4,000, small market cap crypto assets and tokens have started to regain momentum.
Tokens like ICON, Ontology, and Aelf recorded 5 to 15 percent gains against the USD on the day.
Overall, the many traders and technical analyst foresee the brutal bear market of cryptocurrencies coming to an end in the mid-term.
But, traders are cautious in expecting any strong upside rally in the upcoming months, projecting the cryptocurrency market to begin recovering from the 14-month correction by the end of the second quarter of 2019.


During corrections, especially amidst extended bear markets, low market cap and liquidity assets tend to struggle as investors reallocate their funds to alternatives such as Bitcoin, stablecoins, and exchanges.
The abrupt rise in the value of tokens in the past several weeks show that the sentiment in the crypto market is gradually improving.
The volume of the cryptocurrency market has substantially risen to above $29 billion and the daily volume of Bitcoin, which hovered at around $4 billion, has doubled to over $8 billion.
The trading activity in the global cryptocurrency exchange market has noticeably increased since the beginning of February, as the interest in the asset class rose in recent weeks.
The interest in the cryptocurrency sector is expected to increase over time with high-profile product launches such as Samsung’s crypto private key storage.
One digital asset researcher stated that the impact of Samsung Galaxy S10’s new feature could be larger than any other fundamental factor including Bakkt’s Bitcoin futures market launch.
“Twitter has 326 million active monthly users and Samsung shipped 70 million units In Q4 2018 alone. Tippin.me and the new Galaxy smartphones will do more for bitcoin adoption than @Bakkt and all the ETF’s in the pipeline combined,” the researcher said.

Weighed down by countless accusations of user-data violations, crypto-curious Facebook has signaled that it could turn to blockchain tec...

mark zuckerberg facebook crypto blockchain
Weighed down by countless accusations of user-data violations, crypto-curious Facebook has signaled that it could turn to blockchain technology for some tasks.
In a video discussion, Facebook’s CEO Mark Zuckerberg told Harvard Law professor Jonathan Zittrain, that the social media giant could integrate blockchain technology into the platform’s login and data sharing systems.
This would allow its billions of users to enforce control on the apps that access their data, profiles, and pages. Additionally, the technology would empower users with regards to the amount of data they share.


According to Zuckerberg, blockchain technology could be used also assist Facebook in getting rid of intermediaries. This would allow developers to build applications and features without having to worry about losing access if they violated third-party policy:
“For developers, one of the things that is really troubling about working with our system, or Google’s system for that matter, or having to deliver services through Apple’s App Store is that you don’t want to have an intermediary between serving the people who are using your service and you. Where someone can just say hey, we as a developer have to follow your policy and if we don’t, then you can cut off access to the people we are serving. That’s kind of a difficult and troubling position to be in.”
Zuckerberg seemed to be alluding to the social media firm’s woes in the hands of tech giant Apple. Recently, the iPhone maker revoked Facebook’s Enterprise Certification, effectively banning the social media giant’s Research app from the App Store.


In reaching the decision, Apple argued that Facebook had violated one of its policies. According to Apple, the app was only supposed to be used internally and was not meant for general users. The iPhone maker, however, later reinstated Facebook’s Enterprise Certification.
While noting the potential of decentralized systems to “empower individuals,” Zuckerberg pointed out that enforcing accountability would be much harder:
It’s a lot easier to hold accountable large companies like Facebook or Google rather than a series of third-party apps. You’d also have more cases of abuse, and the recourse would be much harder.
Though Zuckerberg, did not explicitly say the social media giant will integrate blockchain technology into its platform, Facebook currently has the talent required to do so if it wanted to.


Earlier this month, the social media titan more or less acquired Chainspace, a smart contract development firm. The purchase allowed Facebook to absorb most of the startup’s employees into its blockchain division making it more of an “acqui-hire.”
Facebook is also rumored to be eyeing other acquisitions in the crypto space. As previously reported by CCN, the company has met with blockchain startups such as Basis, Keybase, and Algorand.
Prior to the Chainspace acquisition, Facebook’s blockchain division was estimated to have around 40 employees. The division is headed by David Marcus who is an ex-board member of U.S. cryptocurrency exchange Coinbase.
Mark Zuckerberg Image from Shutterstock

Samsung Delves Into Crypto Wallets With “KeyStore” In December, as  reported  by Ethereum World News previously, SamMobile ran a story...

Samsung Delves Into Crypto Wallets With “KeyStore”

In December, as reported by Ethereum World News previously, SamMobile ran a story claiming that Samsung registered trademarks for a “Blockchain KeyStore,” among two other supposed products that involved the innovations. It was believed that the offering revealed that the South Korean tech giant was working on a crypto asset wallet.
A month after that, leaked images of Samsung’s next flagship device, the Galaxy S10, showed a pre-release version of KeyStore that said it only supported Ethereum, yet showed a picture of Bitcoin. Some claimed that this must of been a mistake/glitch, while others noted that this was entirely legitimate. These rumors were recently put to rest.
In Samsung’s Unpacked event, which came alongside the issuance of a company release, it was confirmed that the device would have a cryptocurrency wallet (or at least a semblance of one). The release reads as follows:
Galaxy S10 is built with defense-grade Samsung Knox, as well as a secure storage backed by hardware, which houses your private keys for blockchain-enabled mobile services.
More likely than not, the offering will support Bitcoin, Ethereum, ERC-20 tokens, Bitcoin Cash, and many crypto collectibles. Yet, considering the nebulous wording of the release, it isn’t all too clear.
Trader “Lord of Crypto” remarked that this could potentially be the “most bullish news” of 2019. As seen below, the industry commentator noted that the fact that Samsung, the world’s most prominent smartphone provider, has effectively endorsed cryptocurrencies should be a positive sign. He added that many are underestimating the magnitude of this news, as other technology companies could follow suit.
Leading industry analyst Joseph Young also echoed this thought process over recent weeks, explaining that Samsung’s wallet could be just as important as an “ETF and Bakkt combined.”
He explained that common Joe consumers aren’t aware of Bakkt or crypto-related investment vehicles, but would understand if Samsung were to add a newfangled application to their devices.

More About The Galaxy S10

So now that you know more about Samsung’s latest crypto offering, here’s a bit more about the Galaxy S10 itself. The phone is one of 2019’s flagship devices from a leading manufacturer. It comes in three distinct subsets, the S10E ($750), S10 ($899), and the S10+ ($999), which are all slight variations on the middle model.
The S10 and the Plus have Samsung’s prominent “Infinity Display” that wraps around the edges, which is also AMOLED, has a Quad HD+ resolution, and touts a 19:9 aspect ratio.
The device’s specifics are as follows:
  • System-on-chip: Snapdragon 855 for the U.S., and Exynos’ latest offering in other regions
  • Memory: Eight GB or 12 GB
  • Storage: 128 GB to 512 GB for the S10, and up to 1TB for the Plus
  • Battery: 3,400mAh (S10) / 4,100mAh (S10 Plus)
  • Cameras: Rear wide angle, telephoto, and ultrawide, along with two selfie cameras.

Users will be able to exchange up to $5,000 worth of crypto into fiat on the gateway. The  Ethereum (ETH)  wallet provider, MyEther...

Users will be able to exchange up to $5,000 worth of crypto into fiat on the gateway.

MyEthwerWallet announces new KYC-less exchange feature

The Ethereum (ETH) wallet provider, MyEtherWallet (MEW), and crypto finance platform, Bity, have unveiled a fully-regulated crypto-to-fiat withdrawal system which doesn’t require users to pass Know-Your-Customer (KYC) checks.
The “Exit-to-Fiat gateway” will allow cryptocurrency holders to exchange their digital assets, including Bitcoin (BTC) and Ether, into euros (EUR) or Swiss francs (CHF). The current limit for KYC-less transfer is anywhere up to 5,000 CHF, roughly $5,000 at the present exchange rate.
“This Exit-to-Fiat gateway is a gamechanger for cryptocurrency users around the world because it allows people to exchange crypto to fiat without needing to be KYC verified,” said Kosala Hemachandra, CEO and Founder of MEW, in a press release.
This is all fully-regulated, the companies say. Bity has integrated with MEW’s version-5 (V5), allowing the wallet interface to offer the gateway without any KYC requirements. The company,  with a wide network of crypto ATMs in various Swiss cities including Zurich, Basel and Zug, has an established presence in the country in compliance with the Swiss Anti Money Laundering Ordinance (AMLA).
Alexis Roussel, the founder and CEO of Bity, highlighted that their technology could “verify proof of wallet-ownership” without requiring users to provide personal information so as to validate their identities. He also pointed out that it would open up a new avenue for users, providing access to fiat-crypto exchange services outside the established platforms.
“Our technology…will finally open doors for users to access a cryptocurrency exchange service that is KYC-less, yet regulatory compliant,” he said.
This comes as MEW announces the launch of its version 5 wallet. As well as improving UX/UI, making the wallet more accessible for beginners, it comes with a host of new features. As well as Bity, there’s also a new exchange interface powered by the exchange service, Changelly.
MEW says this will provide a wide choice between exchange services, competing against one another. The idea is to allow users to effectively ‘shop-around’ for the best rates and offers, hopefully lowering transaction fees and making the exchange aspect of the sector more competitive.

Why is this important?

KYC checks have become a pre-requisite for most exchange services looking to get on the right side of regulators. Although many crypto users, especially early-stage ones, complain KYC means they have to submit personal information to private, for-profit companies, few can now operate without it.
The popular exchange service, ShapeShift, which resisted calls from regulators and the market to add KYC for months, eventually had to give in in September. Trading volume subsequently collapsed as some of its users moved to less-strict platforms.
Bity has a history in Switzerland and can prove transactions are legitimate; the money restriction prevents the service being used for mass-money laundering operations. Once thought to be a thick red line, today’s news shows it’s possible, for the right company in the right jurisdiction, to offer some sort of compromise on KYC.

The author is invested in digital assets, including BTC and ETH which are mentioned in this article.

One of Wall Street’s fiercest bitcoin critics may have been playing us all along. JP MORGAN CREATES ‘JPM COIN’ CRYPTOCURRENCY JP Morga...

One of Wall Street’s fiercest bitcoin critics may have been playing us all along.


JP Morgan, the gargantuan investment bank led by Jamie Dimon, just became the first major US financial institution to launch its own cryptocurrency.
The news was first reported by CNBC, which said that the new crypto token – dubbed “JPM Coin” – will be used by the bank to instantly settle payments between clients. According to estimates, JP Morgan moves more than $6 trillion per day.
In addition to wholesale settlement, JP Morgan blockchain chief Umar Farooq said that the JPM Coin cryptocurrency could be used to create digital securities. CCN previously reportedthat JP Morgan had filed a patent for a blockchain-based system that would allow the bank to issue virtual depository receipts, quite similar to security tokens.


jpmorgan cryptocurrency jpm coin
JP Morgan says that its cryptocurrency could serve as a sort of corporate stablecoin. | Source: Shutterstock
Farooq also revealed that it could serve as a sort of “stablecoin” for clients holding US dollars in international jurisdictions. Per the report, each JPM Coin has a face value of $1.00 and may be swapped for physical greenbacks.
“Money sloshes back and forth all over the world in a large enterprise,” he said in remarks cited by CNBC. “Is there a way to ensure that a subsidiary can represent cash on the balance sheet without having to actually wire it to the unit? That way, they can consolidate their money and probably get better rates for it.”
Once corporate adoption takes off, Farooq said that the bank might even try to expand its cryptocurrency into device-based payments.


While it’s no secret that JP Morgan has devoted heavy research into blockchain development, CEO Jamie Dimon has often sought to make a distinction between blockchain technology and cryptocurrency – the latter of which he has frequently bashed.
He has taken particular aim at public cryptocurrencies like bitcoin, which he at various times lambasted as a “fraud” suitable only for “stupid” investors.
“I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it, you’ll pay the price for it one day”. It can “trade at $100,000,” but it will eventually crash to zero. “Governments are going to crush it,” he said in one memorable interview.


While JP Morgan has laid out what it hopes to do with JPM Coin, it has been less transparent about the technical details of the token. That raises the question – what does the bank mean by “cryptocurrency?”
It’s clear that JPM Coin will exist on a blockchain; however, the bank has not yet revealed what that blockchain would look like, as well as what level of control JP Morgan will retain over its ledger.
Given JP Morgan’s extensive research into enterprise blockchain, regulatory concerns, and the fact that the bank initially plans to use the token as part of its internal operations, it seems likely that the “cryptocurrency” will exist on a permissioned network. In other words, you shouldn’t expect to see JPM Coin listed on your local cryptocurrency exchange.
Nevertheless, with a financial institution as entrenched as JP Morgan taking the plunge into actual blockchain payments, perhaps skeptics will be more willing to give JPM Coin’s decentralized cousins a closer look.

SAN FRANCISCO – Instagram late Thursday announced it is clamping down on images related to self-injury such as cutting. The move came ...

SAN FRANCISCO – Instagram late Thursday announced it is clamping down on images related to self-injury such as cutting.
The move came after British Health Secretary Matt Hancock met with social media companies about doing more to safeguard the mental health of teenagers using their platforms.
British teenager Molly Russell was found dead in her bedroom in 2017. The 14-year-old had apparently taken her own life, and her Instagram account reportedly revealed she followed accounts related to depression and suicide.
“It is encouraging to see that decisive steps are now being taken to try to protect children from disturbing content on Instagram,” said the girl’s father, Ian Russell.
“It is now time for other social media platforms to take action to recognize the responsibility they too have to their users if the internet is to become a safe place for young and vulnerable people.”

Changes to Instagram’s self-harm content rules follow a comprehensive review involving experts and academics from around the world on youth, mental health, and suicide, according to chief executive Adam Mosseri.