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Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

October 18, 2018 By Mark Lyford Leave a Comment

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $ 882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges.

$ 1.3 Million Lost Every Day

Moscow-based cybersecurity company Group-IB has released a report on the hacker attacks against cryptocurrency exchanges in the last two years, indicating that $ 882 million have been lost in damages. If we break this down to a daily average, we’ll see that over $ 1.3 million are lost to hackers every day. Read more...

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Majority of Crypto Assets Are Highly Centralized, Research Finds

October 17, 2018 By Mark Lyford Leave a Comment

One of the central pillars of Bitcoin and cryptocurrency in general is that the system is decentralized, ensuring no single point of failure for adversaries to attack. However, new research has found the majority of assets in the ecosystem today to be highly centralized.

Also Read: Crypto Hedge Fund Launches Retail Public Offering in Japan

Taxonomy Report Reveals a Concentration of Crypto Power

Cryptocompare, the cryptocurrency market data aggregator, has published a Cryptoasset Taxonomy Report. The nearly 80-page document is designed to provide investors, regulators and the industry with an independent classification of coins and tokens to help differentiate from a long list of ever-growing options. Read more...

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Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

October 11, 2018 By Mark Lyford Leave a Comment

Data from a detailed Chainalysis study found that Bitcoin whales may actually function as a stabilizing force in the market.

Who’s in Charge of the Market?

A newly published study from Chainalysis makes a strong case that Bitcoin (BTC) 00 whales are not the shadowy culprits behind the notorious volatility associated with Bitcoin and the wider cryptocurrency market. The blockchain research firm reached this conclusion by analyzing 32 of the largest bitcoin wallets, which contain a total of 1 million bitcoin worth nearly $ 6.3 billion. Read more...

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European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds

October 6, 2018 By Mark Lyford Leave a Comment

Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first million came from. Many of the speculators are Lithuanian taxpayers.

Also read: Nordic Region’s Largest Bank Nordea Suspected of Money Laundering Read more...

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Study Finds Growing Number of BATMs in Belgium and the Netherlands

October 1, 2018 By Mark Lyford Leave a Comment

The number of cryptocurrency ATMs in Belgium and the Netherlands is growing, according to newly released data. Amsterdam is leading among major cities in the Benelux region, with 12 machines supporting digital coin transactions. Luxembourg, which is a global center of traditional finances, is lagging behind in terms of available crypto teller services.

Also read: A Guide to Building Your Own Crypto Mining Rig Read more...

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Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin

September 26, 2018 By Mark Lyford Leave a Comment

CSIRO, Australia’s National Science Agency, in partnership with Sydney University have revealed that, through using the Amazon Cloud, the pair have managed to achieve a blockchain transaction settling time of 30,000 transactions per second. Bearing in mind that Bitcoin can settle around 8 transactions per second and that Ethereum can achieve around 15 transactions per second, CSIRO’s findings are actually quite significant.

According to CSIRO, this came about through an experiment on the Amazon Web Services AWS cloud infrastructure.

Continue reading Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin at Crypto Daily™. Read more...

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Study Finds “No Evidence” of USDT Price Manipulation

September 23, 2018 By Mark Lyford Leave a Comment

A study examining the widely suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting the correlation between price fluctuations and Tether grants, the study notes a “positive relationship” between USDT issuance and “increased crypto-trading the following day.”

Also Read: China During Crypto Ban: One Woman Tries to Live on Bitcoin Read more...

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Tether’s Impact on Bitcoin Price Not ‘Statistically Significant,’ Study Finds

September 21, 2018 By Mark Lyford Leave a Comment

Issuance of tether (USDT), the controversial stablecoin, has had no meaningful impact on the price of bitcoin, a newly published academic study found.
CoinDesk

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Cardano (ADA) Makes A Bullish Comeback As Price Finds Bottom Against Bitcoin (BTC)

September 19, 2018 By Mark Lyford Leave a Comment

Cardano (ADA) has finally touched the bottom of the pitchfork formation it has been trading in. The above chart for ADA/BTC on the daily time frame proves that sometimes it is best to let the market run its course rather than to enter a position and wish for a miracle to happen. When Cardano (ADA) entered the last segment of the pitchfork formation against Bitcoin (BTC), few analysts might have expected it to fall all the way to the bottom because that would have meant a break of market structure for Cardano (ADA) against the US Dollar (USD). Read more...

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Stellar (XLM) Finds Bottom, Price Likely To Cross $1 Mark During Q4

September 13, 2018 By Mark Lyford Leave a Comment

Stellar (XLM) is not just another cryptocurrency. It is the future of peer to peer payment. A popular theory at this time in the crypto community is that until recently platforms enjoyed the most success, but in the months to come, cryptocurrency projects with a focus on peer to peer solutions are going to be more successful and widely adopted. Stellar (XLM) is one of those projects. Apart from solid fundamentals, Stellar (XLM) also has a lot of room for growth as far as the price and market cap is concerned. Read more...

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Number of Australians Holding Cryptocurrency Doubles, New Survey Finds

September 11, 2018 By Mark Lyford Leave a Comment

A new August survey says the number of Australians currently holding virtual currency has nearly tripled since a similar study was carried out in January.

Nations like Malta and Switzerland often dominate headlines when it comes to cryptocurrencies.

Down under in Australia, virtual currencies are also booming as a number of entities and businesses across the country have shown a strong interest.

Queensland has been banking on crypto in order to bolster tourism. Queensland saw the Brisbane Airport become the first in the world to accept digital currency in May. Read more...

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72% of Consumers Plan to Buy More Cryptocurrency, New Survey Finds

September 7, 2018 By Mark Lyford Leave a Comment

Despite the flurry of bad news hitting cryptocurrencies, the latest SharePost’s survey reveals that consumers and investors remain optimistic. Indeed, they are considering more digital currency purchases within the next 12 months. Moreover, according to the survey, implementation of projects involving blockchain technology continues to grow.

Survey Says: A Growing Demand for Cryptocurrencies

A series of negative news stories continue to affect the crypto industry negatively. For example, the latest hit comes from a recent Goldman Sachs decision to reportedly drop its crypto trading plans due to an unclear regulatory environment. As a result, Bitcoin price 00 fell by over 5 percent on September 5. Read more...

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Ripple (XRP) Correction Might Finally Be Over As Price Finds Support At 200 Week EMA

September 6, 2018 By Mark Lyford Leave a Comment

Ripple (XRP) has finally found support above the 200 week EMA as shown by the XRP/BTC weekly chart above. This might seem trivial considering Ripple (XRP) has broken a serious of EMAs during the past few months without putting up a fight. However, this time around, Ripple (XRP) seems to be completing a cycle in addition to finding a strong support. The previous cycle for Ripple (XRP) lasted a total of 273 days.

Continue reading Ripple (XRP) Correction Might Finally Be Over As Price Finds Support At 200 Week EMA at Crypto Daily™.

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Bitcoin (BTC) Faces Rejection At 21 Week EMA, But Finds Strong Support At 21-Day EMA

September 5, 2018 By Mark Lyford Leave a Comment

Bitcoin (BTC) is an interesting point. The price has just found a strong resistance at the 21 Week EMA shown on the BTC/USD weekly chart above, but it has also found a strong support at the 21 Day EMA. What does this mean for Bitcoin (BTC)? If both of these 21 EMA resistance and support hold strong for the weeks ahead, this means that Bitcoin (BTC) will enter a phase of consolidation before its next move.

Continue reading Bitcoin (BTC) Faces Rejection At 21 Week EMA, But Finds Strong Support At 21-Day EMA at Crypto Daily™. Read more...

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Ripple (XRP) Finds Support At $0.31, Price Consolidates Before A Retest Of $0.44

September 4, 2018 By Mark Lyford Leave a Comment

Ripple (XRP) has been trading sideways since mid August. The above chart for XRP/USD shows that the price has been consolidation on the 4H time frame after Ripple (XPR) tested its trend line. This consolidation has been taking place above the $ 0.31 level which has now become a strong support for Ripple (XRP). The price is unlikely to fall lower from here but the consolidation suggests that a rally towards $ 0.44 might be likely in the days ahead.

Continue reading Ripple (XRP) Finds Support At $ 0.31, Price Consolidates Before A Retest Of $ 0.44 at Crypto Daily™. Read more...

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Ripple (XRP) Breaks Below 50 EMA, Finds Support At 38.2% Fibonacci

August 30, 2018 By Mark Lyford Leave a Comment

Ripple (XRP) just broke below 50 EMA on the4H timeframe as shown by the 4H chart for XRP/USD above. Normally, this would be the sign of another wave of correction but fortunately for Ripple (XRP), the price has found support at the strong 38.2% Fibonacci level which just happens to be at the same point as the lower limit of a rising wedge Ripple (XRP) has been trading in since the beginning of this August.

Continue reading Ripple (XRP) Breaks Below 50 EMA, Finds Support At 38.2% Fibonacci at Crypto Daily™.

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Blockchain Courses Popular With University Students, Coinbase Study Finds

August 28, 2018 By Mark Lyford Leave a Comment

Crypto is making its entrance into the world’s academic scene, and students are lining up to learn.

A recent Coinbase study reveals that University students want to learn more about cryptocurrency and blockchain technology. Commissioned by Coinbase in partnership with Qriously, the survey sampled 675 U.S. students, and it found that students across all majors have an interest in blockchain technology. Read more...

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Report Finds Mining Activity and Bitcoin Exchange Development in North Korea

August 28, 2018 By Mark Lyford Leave a Comment

A report by South Korea’s state-run Korea Development Bank (KDB) suggests that North Korea has been mining cryptocurrencies, according to local media. In addition, a technology firm in the country is developing an exchange platform for bitcoin, while average citizens of North Korea have little knowledge of cryptocurrency, the report claims.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Mining Activity

A research unit of South Korea’s state-run Korea Development Bank (KDB) has compiled a report suggesting that North Korea has been mining cryptocurrencies, Yonhap News Agency detailed Monday.

Citing the report, the news outlet wrote: Read more...

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Blocks Above 0.9MB Uneconomical for Dash Crypto Miners, Study Finds

August 24, 2018 By Mark Lyford Leave a Comment

Earlier in the year cryptocurrency Dash and the Blockchain Research Lab of Arizona State University announced a US$ 350,000 partnership. Now, out of a study conducted under the partnership, a report dubbed ‘Block Propagation Applied to Nakamoto Network’ has been released highlighting the scaling challenges as well as the potential opportunities for the Dash blockchain. To

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New Deloitte Survey Finds Over 70% of Executives Are ‘Blockchain Experts’

August 22, 2018 By Mark Lyford Leave a Comment

New Survey: Over 70% of Executives Think They Are “Experts” on Blockchain Technology

Blockchain technology has increased in popularity during the last 18 months, mainly due to the unparalleled cryptocurrency rally at the end of 2017. A new study casts light on how industry executives see themselves in relation to experts amid this emerging tech.

“Excellent” to “Expert”

According to Deloitte’s 2018 Blockchain Survey, over 70 percent of the executives who took part see themselves as either “Excellent,” or as “Experts,” when it comes to blockchain.

The survey was held amid 1,053 senior executives in seven different countries – Canada, China, Germany, France, Mexico, United Kingdom, and the United States. All of the responders worked at companies generating $ 500 million or more in annual revenue. Read more...

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