Huobi Cryptocurrency Exchange Launches Derivative Market

Singapore-based cryptocurrency exchange Huobi has launched the Huobi Derivative Market (Huobi DM), according to a press release shared with Cointelegraph Nov. 28. Huobi presented its new platform at the Cryptofrontiers conference in New York City today, stressing that the Huobi DM allows customers engage in cryptocurrency contract trading on both rising and falling cryptocurrency prices. The platforum purportedly provides tools for hedging and controlling risk and uncertainty. Contract trading allows users to purchase and sell digital currencies at predetermined prices at specified times in the future, giving investors and traders…

UAE Presents Blockchain and AI Initiatives Following Annual Government Meeting

The Second United Arab Emirates (UAE) Government Annual Meetings concluded with the introduction of two initiatives pertaining to blockchain and artificial intelligence (AI), the Emirates News Agency reported Nov. 28. At the meeting hosted by the governmental AI and Blockchain Joint Working Group, participants addressed strategies to attract foreign investment and create necessary technological infrastructure, as well as potential challenges related to blockchain and AI adoption. The meeting announced the launch of the AI and Blockchain Guide Initiative, which aims to develop a standardized definition of the technologies on the…

Bitcoin Price Surges 15% in Rebound Action; Has It Bottomed Already?

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Wednesday saw the arrival of bulls as it surged 15 percent in an impressive rebound action. The BTC/USD index opened at 3776-fiat while continuing the upside action of the previous day. It kept forming higher highs, eventually setting its daily peak at 4350-fiat as the US trading session came into play. At the time of writing, the pair is trading at 4300-fiat,…

Amazon Announces Two Blockchain-Related Products; Quantum Ledger and Managed Blockchain

E-commerce giant Amazon announced the debut of two new services, Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain, according to a press release shared with Cointelegraph Nov. 28. QLDB is a ledger database designed to provide transparent, immutable, and cryptographically verifiable log of transactions, which is overseen by a central trusted authority. All changes are purportedly recorded on chain, while the new product is also able to automatically scale and execute two to three times more transactions than already existing products. Andy Jassy, the CEO of Amazon Web Services…

Trezor One Wallets Forgery Reveals New Techniques Used to Steal Crypto

The cryptocurrency wallets made by Trezor have long been considered a standard of the industry and have been trusted as a reliable cold storage of cryptocurrencies by large media, blockchain developers and crypto enthusiasts worldwide. The company prides itself on the quality of its product and in being one of the leaders in the market of hardware wallets. But it was only a matter of time before the Trezor’s flagship device got the attention of fraudsters. On Nov. 19, the company issued an official warning to users which reported that…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, Stellar, EOS, Litecoin: Price Analysis, Nov. 28

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After the large-scale wealth disruption in the cryptocurrency space, many have started to question whether the asset class will survive or wither away. New York Stock Exchange (NYSE) chairman Jeffrey Sprecher is positive about the future of digital currencies, saying that their survival as…

Google Searches for ‘Bitcoin’ Just Hit Their Highest Level Since April

Google’s trend explorer reveals the weekly number of worldwide searches for the keyword “bitcoin” has reached levels not seen since the first week in April.  While the exact number of searches accrued so far this week is not clear, data from Google reveals ‘bitcoin’ searches in the past three days alone made up 17 percent of its all-time-high weekly search volume set from Dec. 17-23, 2017. At that time, the cryptocurrency was trading around its record high near $20,000, while at the time of writing, it is valued at $4,167…

US Treasury Dept. Takes Action Against Two Iranians Allegedly Involved in BTC Ransomware

The U.S. Treasury Department has sanctioned two Iranians allegedly involved in Bitcoin (BTC) ransomware scheme SamSam, the Treasury reported in an official press release today, Nov. 28. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action on Wednesday against two Iranian individuals, Ali Khorashadizadeh and Mohammad Ghorbaniyan, who are accused of exchanging Bitcoin into Iranian rials (IRR). This is also the first time that Bitcoin addresses have been publically attributed to “designated individuals” on the OFAC’s sanctions list. According to the report, SamSam ransomware…

Major US Crypto Exchange Coinbase Launches OTC Crypto Trading for Institutional Investors

Major U.S. crypto exchange and wallet provider Coinbase has launched over-the-counter (OTC) trading for institutional customers, New York-based live streaming financial news network Cheddar reported yesterday, Nov. 27. Opposed to trading through a crypto exchange itself, over-the-counter crypto trading will allow institutional investors to conduct direct trades between each other. Christine Sandler, head of sales at Coinbase, commented that the move is taking place in conjunction with an increased demand for OTC crypto trading from institutional players, considering leveraging both exchange and OTC business as a “huge benefit” to their…

Nigeria’s Union Bank Reportedly Warns Against Crypto Transactions

The Union Bank of Nigeria has reportedly cautioned against transactions in cryptocurrencies, according to a letter allegedly sent to its users and published Nov. 26 by Nairaland, an online community targeted at Nigerians. Nairaland, the largest Nigerian online community with over 55 million Internet users, has published a letter reportedly from the Union Bank, which cited the Central Bank of Nigeria “advising that cryptocurrency is not a legal tender in Nigeria and has cautioned against transacting in them.” It also states: “In order to guarantee the security of our customers’…