Major Bitcoin Exchanges Become Main Targets of Cyberattacks

bitcoin exchange cyberattack                         Cryptocurrencies are relatively young and fragile, but already they’re under constant threats from cybercriminals. Just during this past week there have been multiple attacks on bitcoin exchanges, rendering their services useless and customers unable to buy, sell, or trade cryptocurrency. Whether by accident or not, these attacks happened at the same time that investors’ interest in digital currencies has also gone through the roof. Cryptocurrencies are being rapidly adopted by multiple countries, institutions, services and agencies. Fundraising through ICOs is also reaching record heights, and people are starting… Read the rest

The Public Sector is Embracing Bitcoin and the Blockchain

embracing bitcoin Bitcoin and other cryptocurrencies have brought much needed innovation to the private sector. We have seen an entirely new market where fortunes are made and lost, where traders pour over charts, and where businesses can implement new technology previously unfathomable. Though business was not always so quick to accept Bitcoin and the Blockchain. But as we all know that way it goes with any sort of worthwhile innovation: first they ridicule you then they attack you, then when they cannot beat you they copy or accept you. The public sector has been even slower to realize the potential of the Read the rest

SEC may be Looking for Ways to Regulate the Cryptocurrency ICO Market

TheMerkle SEC Cryptocurrency ICOs It was only a matter of time until regulators caught up with cryptocurrency ICOs. These coin offerings have gone unregulated for quite some time now, while raising millions in funding. Anyone buying into these token sales in the US is – according to the law – buying securities, which require special licenses from the company holding the ICO. With US regulators aiming to venture into the cryptocurrency ICO world, things could get quite interesting moving forward.

US Regulators and Cryptocurrency ICOs Won’t Mix Well

Various aspects of cryptocurrency will never be subject to traditional regulation. Virtually all of these projects Read the rest

Japanese Bitcoin Exchange bitFlyer Limits Deposits and Withdrawals

TheMerkle bitFlyer Limitations Over the past few months, we have seen Chinese cryptocurrency exchanges introduce certain limitations when it comes to withdrawals. This was, apparently, due to new AML regulations. In an email sent out to clients, it appears bitFlyer is looking to do the same. Quick Deposit users will face deposit and withdrawal limitations moving forward. The company is dealing with a growing number of illegal acts.

A Necessary Setback for Bitcoin in Japan

Running a cryptocurrency exchange platform is not an easy business by any means. There are dozens of rules, regulatory requirements, and other things to take into account at Read the rest

Will Bitcoin and Ethereum’s Price Recover Anytime Soon?

bitcoin price recovery It has been a rough couple days for cryptocurrency traders as the market took a steep dive after hitting all time highs only three days ago. Both Bitcoin’s and Ethereum’s price toppled over 15% causing investors to panic. However, after showing strong support at the bottom it looks like the markets are recovering. Will the price climb back up the wall of worry, or will cryptocurrencies shed more blood? To recap, the catalyst for the first crash is believed to be Okcoin liquidating its long positions. This caused many traders to get margin called ultimately netting a loss. The market… Read the rest

Bitcoin and Ethereum Price Crashes 20% – Blood Everywhere

Yesterday, it seemed that things were getting back to normal as it looked like Bitcoin’s price recovered after the $500 crash which brought it from a high of $2980 to a low of $2480. However, in recent news Bitcoin’s price crashed yet another 16% to a new low of $2297. Moreover, the rest of the cryptocurrencies aren’t looking too bright either, Ethereum for example tanked over 23% to a low of $310. As discussed in our technical analysis article written yesterday, many speculators on Tradingview were predicting a Bitcoin crash. Most traders put the short target right around the $2400… Read the rest