February 2019 | Page 40 of 104 | Last Cryptocurrency News Feed

$200B SBI Holdings CEO: Bitcoin’s Value Is Zero, Ripple Is The No.1 Cryptocurrency

TL: DR SBI Holdings aims to boost XRP to surpass BTC’s market cap SBI CEO believes XRP has the edge over Bitcoin because Bitcoin has ‘no fundamental value.’ XRP must find universal appeal before it can surpass Bitcoin A new class of Ripple maximalists seems to be emerging in the crypto space, and this time,…

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Bitcoin Price Crosses Key Long-Term Hurdle For First Time in 9 Months

markets View: Bitcoin has passed through the 100-day moving average for the first time in 272 days. The primary lower-high trend is yet to be challenged, but the move indicates a willingness by the bulls to test the upper range of the ascending triangle. Total growing volume on the 4-hour chart is at its highest…

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Germany Seeking Industry Feedback for National Blockchain Strategy

news The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report on Monday, citing anonymous government sources, said that companies and industry groups “that could become stakeholders in a blockchain deployment process” have been invited to provide recommendations on the strategy. Whether proposed recommendations would…

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FBI Outline Key Features of Scam ICOs, Warns Investors to Be Vigilant

The United States Federal Bureau of Investigation (FBI) has outlined what it believes to be the consistent threads running through fraudulent initial coin offering (ICO) schemes. The Bureau’s perspective was shared in an interview with Netherlands-based financial news site the Paypers on Feb. 19.According to the FBI, the key strategies of scam offerings include misrepresentations…

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India Targets Cryptocurrency Crime аs Part оf Cyber Security Offensive

Cryptocurrency crime forms one focus of a dedicated cybercrime lab launched by Indian authorities this week, Indian daily news outlet The Hindu reported on Feb. 19.As part of efforts to step up the fight against internet-based adversaries, India’s Union Home Minister Rajnath Singh inaugurated the cyber forensic lab and Cyber Protection Awareness and Detection Centre…

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Japan’s Number Two Bank by Assets Completes R3 Blockchain-Based Trade Finance Trial

Japan’s second-largest bank by assets, Sumitomo Mitsui Banking Corporation (SMBC), has completed a proof-of-concept (PoC) using blockchain consortium R3’s Marco Polo trade finance platform. A press release confirmed the PoC completion on Feb. 18.SMBC, which is the only Japanese bank participating in Marco Polo, said it had partnered with Japanese multinational Mitsui & Co. to…

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Report: Bitmain IPO Document Reportedly Reveals $500 Million Q3 Losses

Bitcoin (BTC) mining giant Bitmain could have made losses of around $500 million in Q3 last year, industry magazine CoinDesk reported on Feb. 19, citing a company document.Bitmain, which is currently attempting to launch an initial public offering (IPO) under the auspices of the Hong Kong Stock Exchange (HKEx), submitted a report into its earnings…

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Bank of Spain: Bitcoin Unable to Solve Problems of Traditional Payment Systems

An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a report published on Sunday, Feb. 17.The study dubbed…

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Mining Giant Bitmain Posts $500 Million Loss in IPO Financial Filing

feature Mining hardware giant Bitmain lost about $500 million in the third quarter of 2018 amid an overall bearish market for cryptocurrency, CoinDesk has learned. The Beijing-based company recently provided an update on its financial results to the Hong Kong Stock Exchange (HKEx), which is reviewing Bitmain’s application for an initial public offering (IPO) first filed…

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Alleged Bitcoin Mining Scam Reported in Thailand

Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reports on Feb. 18.Per the report, 30 people have filed a complaint with police, stating that they were fooled into an alleged investment scam called “CryptoMining.Farm.” This purportedly led the…