Online Sentiment Toward Crypto Market in 2019 — Attitudes Are Positive

Analysis Despite all of the bad press that the digital asset industry continues to receive on an almost daily basis, it appears as though the overall sentiment of the online communities in regard to this burgeoning domain is still pretty positive. For example, Comparitech — a research firm that provides its...
Posted On 07 Aug 2019

Chinese Gov’t Hackers Are Targeting Crypto Companies: Report

News Chinese state hackers are performing attacks against cryptocurrency and video game enterprises, cybersecurity company FireEye claims in a report published on Aug. 2. Chinese government facilitating hacking operationsPer the report, Chinese state espionage cyber unit APT41 “targets industries in a manner...
Posted On 07 Aug 2019

Shenzhen Issued 6 Million Blockchain Invoices in 12 Months

News Major Chinese city Shenzhen has issued nearly six million blockchain-based invoices in a year since their inception in Aug. 2018. Shenzhen processed around $550 million through blockchain invoices in a yearAccording to a report by state news agency Xinhua on Aug. 6, more than 5,300 local companies in 113...
Posted On 07 Aug 2019

Standard Chartered Makes Letter of Credit Transaction Using Blockchain

News London-based bank and financial services firm Standard Chartered has completed its first cross-border blockchain letter of credit transaction in the oil industry with Thai state-owned oil giant PTT Group. On-chain letter of creditStandard Chartered announced that it has successfully executed a pilot letter...
Posted On 07 Aug 2019

Bitcoin Price Correlation With Gold Nearly Doubled in Past 3 Months

News The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg revealed on Aug. 7. The statistics reveal that while the correlation between Bitcoin (BTC) and gold over the past year was at 0.496, in the past three months this has almost doubled to...
Posted On 07 Aug 2019

Amazon Wants to Build a Blockchain for Ads, New Job Listing Shows

News Amazon is looking to hire a software development engineer to develop an advertisement blockchain. Amazon works on an advertising blockchainAmazon posted a job offer on LinkedIn for a software development engineer for its Colorado team, who is supposed to work on an advertisement blockchain. The online...
Posted On 07 Aug 2019

South Korea to Bring Crypto Exchanges Under Direct Regulation

News The Financial Intelligence Unit (FIU) of South Korea's Financial Services Commission has revealed plans to bring cryptocurrency exchanges under its direct regulation. On Aug. 7, Business Korea reported on the FIU’s decision to shift away from its current practice of regulating crypto exchanges...
Posted On 07 Aug 2019

Bitcoin Price Under $12K But Analyst Says Being Bearish ‘Riskier’ Now

Market Update Bitcoin (BTC) price was hovering closer to $11,500 on Aug. 7 as analysts brushed off concerns of a fresh downward move. Market visualization. Source: Coin360 Bitcoin price experiences another healthy correctionData from Coin360 showed BTC/USD trading at $11,630 as of press time, capping 24-hour...
Posted On 07 Aug 2019

ECB Says It’s Ramping Up Crypto Surveillance to Include Off-Chain Data

News The European Central Bank (ECB) says the “central banking community” will refine its monitoring of cryptocurrency transactions, both on- and off-chain. In an Aug. 7 report entitled “Understanding the crypto-asset phenomenon, its risks and measurement issues,” the ECB argues that “closing the data gaps...
Posted On 07 Aug 2019