Cryptocoins

Coinbase Fraud Accusations Could Set Coinbase Domination Plans Back

Coinbase want to become the worlds biggest and best cryptocurrency exchange. This is hardly surprising as I am sure every cryptocurrency exchange would want to achieve that accolade. Either way, we are seeing reports today that discuss how Coinbase has had a number of complaints filed against it in the United States, complaints that now looking to be engaging the involvement of the US Securities and Exchange Commission (SEC). This stems from an investigation carried out by Mashable, according to whom: “A recurring theme in the SEC complaint files Mashable obtained is the seeming disappearance of a would-be trader’s money, and what is portrayed as an aggressive nonchalance on the part of Coinbase in response to the loss. Notably, the SEC redacted the complaints to remove personally id...

BREAKING: Mt. Gox Creditors Will Be Reimbursed In Crypto, Markets Crash In Response

The Tokyo District Court has published a document which rules that creditors involved in the Mt. Gox hack in 2014, that saw a loss of $472 Million will be reimbursed in cryptocurrency. See the full report for yourself here-https://www.mtgox.com/img/pdf/20180622_announcement_en.pdf Creditors are now eligible for a refund in cryptocurrency and will be required to register a claim before October 22nd, 2018. The document does suggest that formal proceedings will not begin until February 2019. Until then, Mt. Gox will no longer be able to engage in mass sell offs, such sell offs have recently been blamed on causing the markets to crash recently. The markets have responded to this news and as a result, values have truly plunged. At the time of writing: Bitcoin is down 8.75% Ethereum is down 11.8...

Will This Become Amazon’s First Listed Cryptocurrency?

A quiet altcoin is hitting headlines today in the wake of news of a new partnership with Amazon’s cloud computing service provider, Amazon Web Services. Centrality, the altcoin in question is reeling from this news. At the time of writing, Centrality is valued at $0.176, up 59.54%. Considering the rest of the market is certainly crashing, with neighbours MOAC and Dentacoin both down 9.44% and 10.02% respectively, we can say, for fact, that this news has had a very positive impact on Centrality, and their cryptocurrency, CENNZ. Standard status unlocked! ✅ #Centrality is now an AWS technology partner. Developers, we are coming for you! @awscloud pic.twitter.com/ytNKf0bDa2 — Centrality – not giving away ETH (@centralityai) June 21, 2018 What is Centrality? Centrality is a blockchain ent...

Now We Know That Ripple XRP Will Be Added To Coinbase, Will XRP See $3.00 Again?

The Coinbase debate rages on with regards to the addition of Ripple XRP. Very recently, Coinbase announced the listing of Ethereum Classic, suggesting that at the very least, Coinbase are on track to continue increasing their portfolio (at an albeit, slow rate). There have been a few other news instances over the past few weeks however that are also pointing towards an almost definite Coinbase listing for Ripple XRP. As conclusions are drawn, we can start to see how various small events are leading up to an almost certain listing for Ripple XRP on Coinbase. A listing that will skyrocket the price of XRP and make Ripple’s currency, far more accessible than ever before. As I have mentioned, the recent Ethereum Classic listing proves that Coinbase aren’t settled just yet. It did seem that the...

Two Huge Hacks In Two Weeks Didn’t Crash The Markets, Here’s Why

Yesterday, we saw news of another hack of the South Korean cryptocurrency exchange, Bithumb, the hack, resulted in the theft of over $30 Million. Just over a week ago, we also saw a similar scale hack take hold of (another South Korean cryptocurrency exchange) Coinrail, this time, we saw theft in excess of $40 Million. Bithumb Attack- https://cryptodaily.co.uk/2018/06/heres-what-happened-in-the-bithumb-attack/ Coinrail Attack- https://cryptodaily.co.uk/2018/06/eos-takes-the-biggest-blow-from-coinrail-hack/ In just two weeks, over $70 Million worth of cryptocurrencies have been stolen. A few months ago, events of this nature would have pounded market values down, yet today, even in the wake of this news, the markets are behaving quite predictably and relatively smoothly. Why hasn’t a loss o...

Important Reminder For Australian Crypto Investors

The Australian tax year is about to draw to a close, you know what this means? Crypto-tax returns. A few months ago, we saw a similar situation in the US that in turn encouraged the crush of the markets. Many people believed that US Tax Day kickstarted a huge cryptocurrency sell off, on the premise that people started to realise just how much tax they would have to pay as a result of their digital assets. Whilst we don’t expect to see such an effect as a result of the Australian tax deadline, we should still monitor the situation closely, to ensure nothing adverse comes as a result of this. Here’s a quick reminder of the Australian Tax Office definition of cryptocurrencies: “Bitcoin is neither money nor Australian or foreign currency. Rather, it is property and is an asset for capital gain...

TRON TRX Will Skyrocket After $50 Million Burn

I do believe that many of us fantasise about being so rich, we can literally afford to burn money. Not only is this wasteful and of course, morally wrong, it’s also not recommended, so please, don’t go from here and burn any money. It’s also illegal to deface money, but anyway, I suppose the legality of sovereign currency is something the crypto-community aren’t too bothered about hey! Burning, in cryptocurrency however is a little different. According to Investinblockchain.com: “By burning cryptocurrencies, the value of the remaining coins increases. This because most cryptocurrencies have a finite total number. For example, there are currently 16.7 million Bitcoins in circulation and there can only be 21 million Bitcoins in total. Imagine that 1 million Bitcoins will be burned and the de...

Is This The Next Big Crypto Scam?

Generally, when we see reports of cryptocurrency and blockchain crime, we see reports of either hackers or ICO based scams. I suppose these methods are the most common for stealing crypto assets because ultimately, they are the most covert. Therefore, it is shocking to hear this latest news from the Ukraine, which reports how four men have been arrested for setting up and running six fake cryptocurrency exchanges. This really is a scam on a very elaborate level. According Bleeping Computer, authorities in Dnipro arrested four men aged between 20 years and 26 years last week after they had been found setting up six fake cryptocurrency exchanges, designed to scam customers. The exchanges existed on the following domains (all of which have now expired); moneycraft.info wowex.online swapex.net...

Heavy Downward Momentum Set To Project Markets Through The Weekend, Bitcoin, Ripple And Litecoin Fall

After a slightly positive day yesterday, the markets have reset themselves on a steep negative trajectory once more. Of course, we didn’t see yesterdays progress as a sign of recovery, however we did assume that this positive momentum may have lasted a little longer than just a morning. Now, we are back in a familiar dip, with cryptocurrency prices sliding downwards and once more, no sign of liberation from this ever-tight bear market. Now as we enter the weekend, we can only expect this price slide to continue as depleting value seems to lead the way. Indeed, if the current trend continues, we could very well see some major cryptocurrencies hit new two-monthly lows, a concerning factor considering that this has already happened once this month, a second new-low dip really would help make ...

Ripple XRP Isn’t A Cryptocurrency, It’s A Crypto 2.0

In a recent interview with Yahoo Finance, Cory Johnson, Chief Market Strategist for Ripple has discussed why there is such a ‘religious style’ culture surrounding Ripple and Ripple XRP. The essence of it is simple, Johnson believes that Ripple XRP is not a cryptocurrency, it is a crypto 2.0 that has allowed the failings of technology to become apparent. Basically, Ripples technology is the driving force behind why so many people are inspired by XRP as both a currency and an asset. According to Yahoo, Johnson said: “Why is there sort of a religious-like fervour around XRP? I don’t think it’s just because the technology is better. I think it’s because people have money at stake. You know, when the internet was developed, the bottom layers of the technology were free… There was no value assig...

Despite National Uncertainty, Indian Government Establish New Project ‘IndiaChain’

Cryptocurrency and Blockchain Technology are two words you probably want to avoid saying in India, especially if you’re near a bank. Not too long ago, the Reserve Bank of India essentially established a ban on any cryptocurrency engagement. Whilst the legality of this was called to question and whilst no motions have been passed, we do know that in India, the future for crypto is uncertain at best. Today however, reports have surfaced that suggests The National Institute of Transforming India (NITI Aayog), a government think tank, has allegedly established a new national blockchain infrastructure, designed to allow the government and private companies to start developing services on the blockchain. The project, named ‘IndiaChain’ is set to restart a crypto-revolution that, since the Reserv...

Litecoin Futures Could Hit $150 Million Volume In Three Months On Tomorrow’s New Exchange Listing

British based Crypto Facilities, a futures exchange platform has announced that it will be listing Litecoin Futures as a trading option from tomorrow. At present, Crypto Facilities is a regulated futures trading platform that gives users unhindered access to cryptocurrency trading, according to the Crypto Facilities website, users of the platform are able to trade long and short with ‘50x leverage’. They have access to trading 7 days a week, 52 weeks a year. They have access to fast and easy order submission, through a powerful API for algorithmic trading. Moreover, Crypto Facilities are regulated by the UK’s Financial Conduct Authority. See more from Crypto Facilities, here- https://www.cryptofacilities.com/ The new move, which will see Litecoin Futures added to the platform, plans to all...