The Petro Coin Will Be Used for Global Trade in Venezuela Come October

Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin. The Petro Coin Maduro appeared on the national VTV channel today and delivered a speech about his country’s latest economic issues. According to VTV’s official website, Maduro said: “The Petro enters the street, as a currency of exchange, purchase and convertible currencies for the world.” However, the Venezuelan president didn’t specify the areas where the Petro will be used. Maduro also didn’t name any countries willing to accept the Petro Coin. This oil-backed cryptocurrency was…

Bitcoin Price: BTC is Bullish, are Altcoins the Reason?

Bitcoin price is on a bull-run right now. In fact, the entire crypto market seems to be making a bullish turn as sharp gains can also be seen across a number of altcoins. At the time of writing, Bitcoin is up 4.6% on the 24-hour basis and is currently trading at $6,733 according to coinmarketcap.com Earlier in the day, Bitcoin price hit its 16-day high of $6,745, but it could easily hit that high again by the looks of things. Bitcoin Price Recovery Bitcoin is recovering from a five-week low…

Crypto Daily News: Crypto Market Rebound and Coinbase Issues a Statement about Proprietary Trading

In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations. Crypto Daily News: September 20th, 2018 Crypto Market Rebounds The crypto market is rebounding this morning, after taking a sharp fall last week after rumors spread that Goldman Sachs (NYSE:GS) wasn’t focusing on a cryptocurrency trading desk. Later, GS confirmed that the news was “fake” and that the desk is, in fact, ready, but waiting for demand. Currently, the crypto market is trading just above…

LINE’s Token-Powered Ecosystem: Plans have been Unveiled

Plans for LINE’s token-powered ecosystem have been unveiled. The messaging app giant from Japan announced its new venture at CoinDesk’s Consensus: Singapore event this morning. LINE’s plans are ambitious; it wants to launch its new system by the end of 2018. Will it do it? LINE’s Token-Powered Ecosystem It can have such ambition because LINE already has more than 164 million monthly active users across four key countries. It is this user-base that the app giant will capitalize on to launch its token-powered ecosystem. LINE’s token-powered ecosystem centers around its previously announced  … Read…

World of Ether to Save Ethereum

It’s been nine months since World of Ether sold half a million dollars of presale assets in just under 48 hours. Now, the crypto game is finally ready to show what’s been built. This is declared by the founders to be one of the most sophisticated dApps on the market, pushing the boundaries of what’s capable on the Ethereum network. In World of Ether’s Telegram Community recently, fans have even echoed that this game will “Save Ethereum.” $10,000 to Try Beta On September 22nd, 2018, World of Ether will deploy their…

Zaif Exchange Hack: 6,000 Bitcoin Stolen but BTC Price Remains Steady

Are we becoming so used to hacks in the cryptocurrency sphere, that we no longer panic when they happen? It might seem so, considering Bitcoin’s price remains pretty-much unchanged despite a Zaif exchange hack last night. Japan’s Zaif Exchange Hack The cryptocurrency market took another hit last night when the Zaif exchange hack was announced. The heist resulted in the loss of close to 6,000 Bitcoin (BTC). MONA coin and Bitcoin Cash were also stolen. The entire stolen loot has an estimated worth of $60 million USD. Cryptocurrency Prices aren’t Affected…

Is the Blockchain Ecosystem Heading in a Different Direction With New Technologies?

Bitcoin remains the primary and first use case for blockchain technology, though there remain doubts as to its efficacy as not just a currency, but also as a payment rail that can reliably facilitate global transfers. This has led to three alternative proposals, none without their issues but all envisioning a better solution which is scalable—a key concern to be addressed if widespread adoption is ever going to be plausible. The First Alternative: A Faster and Cheaper New Cryptocurrency A more efficient new currency which also bases itself on blockchain…

Are We Experiencing a Ripple Rally? Price Indicates Yes

The Ripple price has taken multiple hits over the past six months. Most people agree with that. At the end of June, the XRP price was roughly $0.54. In two months, it dropped to $0.29. But now that’s over; we’re in the midst of a Ripple rally. Or, so it appears. After bullish news for XRP surfaced this week, the price has skyrocketed, with the altcoin currently up more than 10%. And what was that news? Well, let’s just say it involves the launch of xRapid. Possible xRapid Launch Sends XRP…

An Ongoing and Upcoming ICO List is the Tool You Need

Reddit and BitcoinTalk are flooded with the announcements of new and upcoming ICOs. The market keeps growing, but investors are becoming wary. With approximately 46% of ICOs ending in failure, how do you make sure that you’re investing in one of the 54% destined for success? An ongoing and upcoming ICO list should be your first stop for finding information about ICO projects. Choose a site that has a robust rating system in addition to an up-to-date list, and you’ll find it easy to narrow your search down to promising…

Crypto Mining Malware Up Nearly 500% in 2018

According to a crypto jacking report published by the Cyber Threat Alliance (CTA), crypto mining malware infections are up nearly 500% in 2018. Crypto Mining Malware Report The threat of illicit cryptocurrency mining represents an increasingly common cybersecurity risk of enterprises and individuals. According to the report, the CTA found that malware detections were up 459% between 2017 and 2018. “Combined threat intelligence from CTA members show that this rapid growth shows no signs of slowing down, even with recent decreases in cryptocurrency value,” the company writes in a preface. The threat…