February 2020 | Page 6 of 132 | Last Cryptocurrency News Feed

CBDC Push Takes Ukraine Closer to Crypto Adoption

At a press conference held on Feb. 21, a representative for the National Bank of Ukraine released the results of its much-hyped central bank digital currency project called the e-hryvnia. However, the banking institution is still not certain of the impact this financial offering will have on the country’s overall financial stability as well as…

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Bitcoin Price Analysis: BTC Struggles To Maintain Critical Support Level, Drop To $8000 Very Soon?

Just five days ago, Bitcoin was trading for more than $10,000 per coin. As the coronavirus fears hit the stock markets, Bitcoin is not left behind. The coin had completed $1000 drop in just three days, and over the past two days, Bitcoin had continued its decline towards the $8400 – $8500 horizontal support. The…

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Wall Street Marks The Fastest 10% Correction In History: Futures Forecast Another 1% Plunge

The bloodbath on the traditional financial markets continues. While the S&P 500 continues to plunge, the interesting thing about the recent declines is that they were quick and violent. In fact, reports have it that the S&p 500 staged its quickest correction in history. Global Markets Continue To Tumble Global financial markets continue to suffer…

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Coinbase Is Testing Clearview’s Controversial Facial Recognition Technology

Feb 28, 2020 at 12:02 UTCUpdated Feb 28, 2020 at 12:04 UTCStock facial recognition image. Credit: ShutterstockCoinbase Is Testing Clearview’s Controversial Facial Recognition TechnologyCoinbase is among more than 2,000 entities from around the world working with Clearview, a controversial facial recognition technology provider.Internal documents obtained by BuzzFeed revealed New York-based Clearview AI – a startup…

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13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances

On Feb. 28, the Litecoin Foundation announced a partnership with MeconCash to roll-out Litecoin (LTC) to Korean won withdrawals and remittances from 13,000 ATMs in South Korea.The partnership will see LTC integrated onto MeconCash’s M.Pay payments platform. Litecoin will also be accepted as payment on MeconCash’s retail platform MeconMall, and to pay for games that…

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Japan’s Line Replaces Singapore Crypto Exchange With New US Platform

Japanese messaging giant Line has shuttered its Singapore-based crypto exchange and relaunched it as a global, rebranded United States-based platform.On Feb. 27, the team of the exchange — which first launched as BitBox in Singapore back in 2018 — revealed that the new U.S. platform will take the new name BitFront.All changes to take immediate…

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KLM Royal Dutch Airlines Uses R3’s Blockchain for Financial Processes

As blockchain technology increasingly gains traction in the airline industry, another major international air company has announced a blockchain project.Flagship global airline KLM Royal Dutch Airlines is applying blockchain technology to facilitate intercompany settlements process with its subsidiaries.Part of one of the world’s biggest airlines, Air France-KLM, Royal Dutch Airlines has partnered with Dutch software…

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Bitcoin Closes on First February Price Loss Since 2014

Feb 28, 2020 at 11:34 UTCBitcoin is close to ending February on a negative note for the first time in six years. The biggest cryptocurrency by market value is currently trading at $8,625, representing a 7.5 percent drop from the opening price of $9,339 seen on Feb. 1, according to Bitstamp data. The global average price,…

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Major Crypto Exchanges Bitfinex and OKEx Hit by Service Denial Attacks

Feb 28, 2020 at 10:47 UTCUpdated Feb 28, 2020 at 10:54 UTCTraffic jam. Credit: ShutterstockTwo top cryptocurrency exchanges have reported distributed denial-of-service (DDoS) attacks on their systems in the last 24 hours.OKEx, which says it is based in Malta, has apparently suffered two attacks, one Thursday and one today, according to its CEO, Jay Hao.…

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Crypto Exchanges OKEx and Bitfinex Suffer Simultaneous DDoS Attacks

Cryptocurrency exchanges OKEx and Bitfinex are suffering multiple denial of service attacks. It is unclear as of now if the attacks are connected, though OKEx CEO blamed competitors on his personal Weibo page.OKEx first suffered a distributed denial of service (DDoS) attack on Feb. 27 at approximately 11:30 AM EST. CEO Jay Hao posted on…