Crypto News Platform Aims to Provide the Most Objective Information and Evaluation for Investors

A “value discovery” platform  for blockchain and cryptocurrencies, aided by a unique AI algorithm, plans to help investors make the best choices available to them in real-time, whilst avoiding dangerous mistakes. Beenews (BKBT) is based on Meta-graph Chain, a public blockchain system which includes the smart contract system. The team says that currently there are four issues for traders looking for crypto value information: the high rate of forged projects − claimed to be 90 percent − resulting in false estimates, the lack of media neutrality which can result in…

Tether, Bitfinex ‘Manipulation’ Reason Behind 2017 Bitcoin Price Highs

Tether (USDT) has once again become the source of criticism after a new study blamed it for Bitcoin price manipulation in 2017, The New York Times reports Wednesday, June 13. A paper released June 13 by John M. Griffin and Amin Shams of the University of Texas suggests that transaction patterns show Tether was “used to provide price support and manipulate cryptocurrency prices.” Half of the Bitcoin price rise in December 2017, when the cryptocurrency reached all-time highs around $20,000, was explicitly due to Tether and issuer Bitfinex, the researchers…

E-Commerce Giant JD.com to Issue Blockchain Asset-Backed Securities

Chinese e-commerce giant JD.com has released plans to issue asset-backed securities (ABSs) on the blockchain, local media reported June 13. According to China’s Securities Regulatory Commission (CSRC) via its media outlet Securities Times, subsidiary JD Finance will issue the ABS in conjunction with Huatai Securities and Xingye Bank. Together, the partners will asses blockchain’s potential to shore up asset security, according to JD Finance head Hao Yanshan. “…The alliance chain must meet the actual needs of all participants in the asset securitization business in order to fully reflect the application…

Bearish Crypto Markets See BTC Falling Below $6,500, ETH Down Under $500

June 13: all of the top ten coins by market cap have fallen by between 9 and 14 percent over the 24-hour period, as Coinmarketcap data shows. Market visualization from Coin360 Bitcoin (BTC) has taken an over 11 percent negative hit, trading around $6,449 to press time, bringing its monthly losses to almost 25 percent. The leading cryptocurrency has now fallen below what some commentators consider to be an average BTC mining profitability threshold of $6,500. Robert Kelly told CNBC earlier today that this figure assumes that Bitcoin miners need to…

Surprise KYC: Investors in Tezos’ Troubled ICO Might Finally Be Fed Up

Tezos, the blockchain project that sought to fix crypto’s broken governance models, is at the center of talk about how to handle decentralized politics – just not in the way its founders had hoped. On Sunday, the Tezos Foundation announced that it would be carrying out know-your-customer and anti-money laundering (KYC/AML) checks on investors who bought into its July 2017 initial coin offering (ICO). At that time, investors, who the foundation calls “contributors,” were not asked to provide any personally identifiable information when they bought $232 million worth of its crypto…

‘We Are at the Beginning of Tokenization of Everything’

Crypto and fintech conference MoneyConf in Dublin, Ireland continues today, June 13th, with a live-stream from Cointelegraph available to watch here. Jeremy Allaire, Co-Founder & CEO of payments company Circle spoke this morning of an unprecedented “crypto-revolution,” saying that global society is “at the beginning of a tokenization of everything.” Just as the early internet transformed data and communications, blockchain is now poised to revolutionize “every aspect of finance” and “reinvent public and civil services in [its] image”: “Once you have an open global immutable record-keeping system, [a] transaction-processing system…

Bitcoin Bulls Eye $6,400 Defense After Four-Month Low

Bitcoin is still looking south, having hit four-month lows today, but the bearish momentum may wane due to short-term oversold conditions, the technical charts indicate. More bears joined the party in the U.S. session Tuesday after the cryptocurrency failed to cross twin resistance at $6,859 (50-hour moving average (MA) and 23.6 percent Fibonacci retracement). As a result, the price fell to $6,370 on Bitfinex today, the lowest level since Feb. 6. At press time, bitcoin was slightly higher at $6,453. The drop to the four-month low has bolstered the already…

EOS’s Experimental Launch Might Be Putting Investor Money at Risk

Who do you trust with your private key? That’s the question that may be on the minds of EOS token holders, who while incentivized to help the much-anticipated technology finally go live, haven’t yet done so. As EOS is set up to enable self-governance by its users, it’s these individuals and companies who have to make the first move, electing who they’d like to process transactions that occur on the network in an elaborate global vote. But at the time of writing, they haven’t exactly done that. Rather, EOS’s blockchain is locked in…

Bitcoin Price Watch: BTC/USD Breaks Key Support

Key Points Bitcoin price failed to recover above the $6,750 and $6,800 resistance levels against the US Dollar. There is a key bearish trend line formed with resistance at $6,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded below the $6,500 support, which is a bearish sign in the near term. Bitcoin price declined further below $6,500 against the US Dollar. BTC/USD could recover a few points, but upsides are likely to be capped by the $6,700 and $6,800 levels. Bitcoin Price Analysis…

LG, Government Mint to Launch South Korea’s ‘First Public Blockchain Platform’

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! LG CNS, the IT subsidiary of electronics giant LG, has been handpicked by South Korea’s minting corporation to establish a blockchain platform for the public sector to provide a number of services including issuing a community token to the masses. As reported by Business Korea, LG CNS won the order from the Korea Minting, Security Printing & ID Card Operating Corp (KOMSCO) on Sunday to develop and launch the country’s first blockchain platform for…