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The Daily: Fidelity Crypto Custody Update, Cryptopia Hack Continues In today’s edition of The Daily we feature a number of stories about financial companies adding cryptocurrency-related services including a custody solution from Fidelity and new CFDs for trading BCH vs precious metals. We also cover the latest update about the ongoing Cryptopia hack. Also Read: Report: Two Hacker Groups Stole $1 Billion From Crypto Exchanges Fidelity Crypto Custody Set for March Back in October 2018 the Boston-headquartered financial services corporation Fidelity Investments announced the launch of a subsidiary called Fidelity Digital Asset Services LLC. The company is dedicated to providing cryptocurrency services including custody and trade execution to institutional investors such as hedge funds, family offices, and market intermediaries. According to a new report, the first service from the venture, a cryptocurrency custody solution, is now scheduled for March 2019. The company will reportedly begin with offering BTC storage with ETH expected to come next. “We are currently serving a select set of eligible clients as we continue to build our initial solutions,” Fidelity stated on Tuesday. “Over the next several months, we will thoughtfully engage with and prioritize prospective clients based on needs, jurisdiction and other factors.” Cryptopia Exchange Hack Continues Earlier this month we reported that $16 million worth of cryptocurrency was stolen in the ‘weird’ hack of New Zealand-based exchange Cryptopia on Jan. 14. But an investigation by data company Elementus has revealed that the incident is not yet over. The company reports that the Cryptopia hacker withdrew further funds on Monday, siphoning an additional 1,675 ETH from an another 17,000 Cryptopia wallets. This doesn’t represent a new breach, it should be noted, but rather reflects the fact that the hacker retains a copy of the private keys originally used to infiltrate the accounts. This enables them to remove any new funds they receive at will. Among the wallets affected are over 5,000 that had already been drained in the original hack, but have since been topped up with new money. Elementus explains that most of these funds are coming from mining pools. “Presumably, these payments are being sent on behalf of miners who opted to receive their rewards automatically via ‘direct deposit,’ and have since forgotten about it.” 79% of Financial Advisors Asked About Crypto Assets Bitwise Asset Management and ETF Trends have released the results of a survey on financial advisors’ attitudes towards crypto assets that was conducted during December 2018. The survey involved over 150 respondents including independent registered investment advisors (RIAs), independent broker-dealer representatives, financial planners and wirehouse representatives. Key findings are that 79 percent of advisors received questions from clients on crypto in 2018, 9 percent currently manage an allocation to crypto in client portfolios and 22 percent plan to either start a new allocation or increase their existing allocation to crypto during 2019. Additionally, 55 percent of surveyed advisors expect prices to appreciate over the next five years with the mean BTC price target for December 31, 2023, at $17,571. “After a year in which the Bitwise 10 Large Cap Crypto Index fell 78%, the survey shows that interest in crypto investing from financial advisors not only survived, but grew,” said Matt Hougan, Global Head of Research for Bitwise Asset Management. “There are clear reasons why: Advisors tell us that they are getting inbound questions from clients, that they need ways to connect with a younger generation of clients, and that clients are investing in crypto outside of their advisory relationship anyway.” Liquidity Provider Adds BCH vs Gold and Silver CFDs B2Broker, a liquidity provider for the crypto and FX industry, has announced the launch of 40 new cryptocurency-based CFDs, comprising top cryptos against major fiat currencies. The launch also features a range of interesting pairs including BTC, LTC, ETH, XRP and BCH against XAG (gold) and XAU (silver). The company has also announced that it has increased leverage for crypto CFDs to 1:5, and that is now able to provide as a base currency any fiat currency, USD-pegged stablecoins and top cryptos. Brokers and exchanges can connect directly via FIX API to the liquidity pool at the datacenters in London and Hong Kong. B2Broker CEO Arthur Azizov commented: “Any broker can connect to us quickly and easily, with bridges offered free of charge to those operating MT5 and MT4 trading platforms. These latest developments further strengthen the company’s presence in the industry and reaffirms our position as a global leader.” New Hong Kong Dollar Stablecoin Bitspark, a cryptocurrency remittances platform, has announced the launch of Sparkdex.HKD, a stablecoin pegged to the Hong Kong Dollar (HKD). The token is tied to the company’s reserves of physical cash in HKD and Bitspark promises this will be regularly audited by a local audit firm in a quarterly report for the public. The coin already began listing on Sparkdex, Bitspark’s decentralized exchange (DEX), and Bitshares’ connected DEX, on 31 Oct, 2018 and can be integrated into other exchanges as well. “Bitspark was founded in Hong Kong, a front runner for innovation in finance. We see the launch of Sparkdex.HKD as a clear opportunity for Bitspark to bring the benefits of this technology to Asia. We’re planning to also launch a further 179+ stablecoins to service the company’s money transfer markets starting initially with emerging and frontier markets.” said Maxine Ryan, Bitspark COO. What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com. The post The Daily: Fidelity Crypto Custody Update, Cryptopia Hack Continues appeared first on Bitcoin News.

Study Finds Three Quarters of Attendees at Crypto Events Are Male A recently released report confirms a well-known observation – crypto-focused events are still largely male-dominated, not only in terms of registrants in general but also speakers. According to another finding, almost half of the attendees at the studied forums came from the U.S.   Also read: Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests Crypto Industry Events Remain Male-Dominated The research conducted by event software platform Bizzabo covers 100 conferences across 15 countries. These are all events visited by professionals from the crypto industry and related sectors who want to stay informed about the latest developments in the crypto space. The results highlight the gender disparity the sector is known for. More than three quarters, or 79 percent, of the attendees at the studied events were male, while only 21 percent were female. In another report on gender diversity and inclusion released in November, Bizzabo found that 70 percent of speakers at events across multiple industries including the crypto sector were also male. Alon Alroy, Chief of Customer Success at Bizzabo, noted: Like the tech industry, at large, there is a lack of gender diversity in the overall virtual currencies space. We’re seeing that reflected in the attendance for these events, as well as the speakers. One cryptocurrency conference recently featured 84 men onstage and three women. That has to change. Almost 60% of Registrants Are From the Finance Sector The authors of the study have drawn other interesting conclusions based on the data collected by Bizzabo. For example, 45 percent of the registrants and attendees at the examined events came from the United States. The United Kingdom is second with 28 percent, followed by Belgium at 5 and Canada at 3 percent. Israel, Hong Kong, China and Australia have been represented by 1 percent of the attendees. Around 57 percent of all registrations for the crypto events in the study were made by people working in the finance sector, while 37 percent were employees of companies from the technology sector. Management consulting firms accounted for 6 percent of all attendees. Alon Alroy further commented that the lack of gender diversity in attendees speaks about the industries most of the registrants come from. “The financial services and technology sectors have all struggled with inclusion and that has a cascading impact on the gender mix at these events,” the cofounder of Bizzabo elaborated. What is your opinion about the findings in the study? Share your thoughts on the subject in the comments section below. Images courtesy of Shutterstock, Bizzabo. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post Study Finds Three Quarters of Attendees at Crypto Events Are Male appeared first on Bitcoin News.

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Ripple (XRP) Price Primed For More Gains Versus Bitcoin (BTC) Ripple price formed a solid support near the 0.0000820BTC level against bitcoin. XRP rallied above 0.0000940BTC and it could continue to gain toward 0.000100BTC. Key Talking Points Ripple price rallied sharply and broke the 0.0000920BTC resistance against bitcoin. XRP/BTC broke a crucial bearish trend line with resistance near 0.0000870BTC on the 4-hours chart (Data feed via Binance). The price traded towards the 0.0000960BTC level and it remains in a solid uptrend. Ripple Price Analysis In the last analysis, we saw a couple of important supports for ripple price near the 0.0000840BTC level against bitcoin. XRP to BTC formed a solid support base above 0.0000820BTC and later started a strong upward move. Looking at the chart, the price traded as low as 0.0000827BTC and later climbed higher sharply. The price broke many resistances such as 0.0000900BTC and 0.0000920BTC. There was also a close above the 0.0000900BTC resistance and the 100 simple moving average (4-hours). More importantly, the price broke a crucial bearish trend line with resistance near 0.0000870BTC on the 4-hours chart. Buyers pushed the price above the 0.0000950BTC level and a new weekly high was formed near 0.0000964BTC. The price is currently correcting lower, with supports near 0.0000930BTC and the 23.6% Fib retracement level of the recent wave from the 0.0000827BTC low to 0.0000964BTC high. If the price corrects lower from the current levels, it is likely to find a strong buying interest near the 0.0000900BTC level. Besides, the next key support is at 0.0000890BTC and the 100 simple moving average (4-hours). Finally, the 50% Fib retracement level of the recent wave from the 0.0000827BTC low to 0.0000964BTC high is at 0.0000895BTC to provide support. Overall, ripple price is back in a positive zone above 0.0000900BTC versus bitcoin and above $0.3000 against the US Dollar. Going forward, there could be a short term correction in XRP to BTC, but the price is likely to find support near the 0.0000920BTC and 0.0000900BTC levels. O the upside, an initial resistance is at 0.0000965BTC, above which buyers could aim for 0.000100BTC. The market data is provided by TradingView. The post Ripple (XRP) Price Primed For More Gains Versus Bitcoin (BTC) appeared first on Ethereum World News.

Crypto Analyst: If Bitcoin (BTC) Runs, $4,300 Will Be “Very Difficult” To Break Bitcoin Will Struggle To Break $4,300 It isn’t a secret that the broader crypto market has struggled in recent months. After posting close-to-zero gains, or losses during the summer months, Bitcoin (BTC) began to plummet, quickly falling under $6,000 to $5,500, then $4,500, and all the way down to $3,200 in mid-December. While the digital asset has ranged in the $3,000s for nearly six weeks now with no signs of a bullish breakout, optimists still hang onto the hope that the cryptocurrency market could undergo a jaw-dropping, mind-numbing reversal in the comings weeks. Yet, a leading crypto trader recently doused the fire that burns in the hearts of optimists, taking to Twitter to convey why he doesn’t believe that a seeming ‘bear market rally’ will bring BTC much further than the $4,300 price point. Murad Mahmudov, a Princeton graduate turned Bitcoin analyst and hedge fund hopeful, recently backed his claim through an extensive thread. The collective human unconscious often behaves in remarkably similar ways. pic.twitter.com/J9wuS6c0F3 — Murad Mahmudov (@MustStopMurad) January 30, 2019 Over the course of five tweets, Mahmudov, a well-respected analyst, drew lines between Bitcoin’s previous bouts of price action, specifically the so-called “baby capitulation” phase of 2014/2015’s bear season, and that of today. He noted that if history is repeating (rhyming rather), BTC could continue to retest its yearly lows at ~$3,150, before embarking on a one-month-long recovery that could bring the asset to $4,300. However, citing the crypto space’s previous downturn, he noted that “$4,300 will be very difficult to break,” noting that there are “layers & layers” of technical levels, including an array of resistances, that could disallow BTC from breaking out of that region to new year-to-date highs. More specifically, he noted that there are key “diagonal, horizontal, Gaussian, & MA resistance” levels in that zone, subsequently adding that BTC could collapse following its inability to break past the strong line of resistance, which is only accentuated by the backdrop of a mid-term declining trendline that is drawn impeccably. Crypto May Stumble To Lower Lows While Mahmudov’s aforementioned analysis may seem as though BTC could continue to range trade between $3,200 and $4,300, his little quip — “if we even bounce there” — accentuates how he believes lower lows are inbound for this nascent market, including for Bitcoin. Staying cohesive with a trendline originating from Bitcoin’s $20,000 top, established in the auspicious month of December 2017, through the medium of a chart, Mahmudov noted that BTC could potentially fall to $1,700 by mid-April. However, he subtly hinted that Bitcoin’s potential ability to hold the $2,000 price level will precede its run to the proverbial moon, where crypto’s most fervent believers, traders, and analysts seemingly want to ‘travel’ to. This recent thread comes just weeks after Mahmudov noted that: If the above dynamics are correct and history does indeed rhyme – which is a big if — We can expect a 1700-2200 bottom in the Spring (most likely April). Outside of technicals, the Princeton graduate explained that fundamentally, many altcoins, such as Ethereum (ETH), EOS, and XRP, are still drastically overvalued, especially considering their often misconstrued and sometimes non-existent value propositions. Title Image Courtesy of Hektor Ehring Jeppesen via Flickr and Bitcongress The post Crypto Analyst: If Bitcoin (BTC) Runs, $4,300 Will Be “Very Difficult” To Break appeared first on Ethereum World News.

Bitcoin (BTC) Price Analysis: Can Buyers Keep This Rally Up? Bitcoin is gaining traction on its bounce off the bottom of the descending channel on the 1-hour time frame. Price has just passed the mid-channel area of interest and the first Fib, which suggests that a larger rally may be underway. From here, bitcoin could test the 50% Fib that lines up with the 200 SMA dynamic inflection point. A move beyond this could hit a roadblock at the 61.8% Fib at $3,626 or the top of the channel around $3,650-3,700. If any of these levels keep gains in check, price could head back to the swing low at $3,414 or lower. The 100 SMA is still below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the downtrend is more likely to resume than to reverse. Then again, price has climbed above the 100 SMA and the gap between the indicators appears to be narrowing, so a bullish crossover might be in order. In that case, price might be able to gain more momentum to break past the channel top to signal that a reversal is due. Stochastic has some room to climb but is hovering close to the overbought zone to reflect exhaustion among buyers. RSI is already dipping into the overbought territory and might be due to turn lower to indicate a return in bearish momentum. Bitcoin might be drawing some support from reports that Fidelity will be ready to launch its institutional platform by March. This could usher in the highly-anticipated surge in institutional volumes, which is widely expected to spur a big rebound in prices. Fidelity works with more than 13,000 financial institutions and its plans to offer a bitcoin custody service revealed a few months back spurred a big bounce in price. However, traders appear to be holding out for actual evidence that volumes are picking up before sustaining any big gains. The post Bitcoin (BTC) Price Analysis: Can Buyers Keep This Rally Up? appeared first on Ethereum World News.

Lightning Network Achieves Record Capacity, Exceeding the Milestone of 600BTC Lightning Network continues to grow at a steady but very promising rate, and despite the bad advertising from some rivals altcoins, every day more users are willing to try this technology, increasing not only the nodes and payment channels but the capacity to process transactions manageable by this network. According to data from the monitoring website 1ML.com, a few hours ago, Lightning Network managed to surpass the capacity of 600 Bitcoins (a little more than 2 million dollars) and reach 614.32 BTC. These figures represent a considerable advance in capacity by more than 15 percent over last year. It is important to note that due to its configuration, the more nodes the Lightning Network has, the faster it allows transactions to take place, and of course, as network capacity grows, operations can be of greater value. The number of nodes also increased by more than 16% to 5777 active nodes, a number that is continuously growing. Likewise, real usability has increased considerably with 22920 payment channels open. This represents a 37% increase over last month. Lightning Network and Similar Solutions May Be Crucial for the Whole Cryptoverse Lightning Network is a second layer solution created to solve Bitcoin’s own scalability problems. Despite being still being under development, it has already proved its success, registering a median fee rate of $0.000000000034707. Much less than the figures recorded by some altcoins that compete directly against Bitcoin, promoting as strong points the speed of transaction and low fees. The use of Lightning Network has increased thanks to the support of various campaigns carried out by the community of Bitcoin enthusiasts. One of the most popular right now, Lightning Torch, accumulates with time more users interested in this technology. Also, the growing number of new Wallets with support for Lightning Network has allowed users to know first hand this type of technology. As previously reported by Ethereum World News, just a few days ago, Lightning Network had registered a capacity of 557 Bitcoins; however, due to price volatility, the dollar equivalent is quite similar to the current one. It seems that these type of solutions are the best way to approach the scalability problem for some of the most important blockchains. Just as an example, Ethereum is actively working on Raiden, an implementation of similar characteristics but adapted to this blockchain. As reported by partner website Crypto Crimson, Ethereum’s Raiden Alpha is now active and being tested The post Lightning Network Achieves Record Capacity, Exceeding the Milestone of 600BTC appeared first on Ethereum World News.

VeChain (VET) ThorPay and Bitrue Exchange Listing According to an announcement via their official twitter handle, Safe Haven has successfully integrated ThorPay Alpha on the VeChain Thor Network. In keeping with our roadmap, we are excited to announce we have successfully integrated the ThorPay Alpha on the VeChainThor Blockchain. The product website and closed Beta testing are not far behind! #SHA #VET https://t.co/OA8CuMcTLd — Safe Haven (SHA) (@SafeHavenio) January 23, 2019 Bitrue Exchange recently added VeChain to its platform with four different trading pairs which include VET/USDT, VET/BTC, VET/XRP, and VET/ETH. Additionally v1.0.2 sync update has arrived for the 25th largest coin. The new version consists of a dark theme, a re-adjusted transaction expiration time. It also has an improved update on the auto-check function. Per time of writing, following Ripple’s XRP/USD initiated momentum VeChain against the US Dollar is the third highest gaining among top 25 cryptocurrencies by market capitalization. With today’s performance, it has cleared above the daily resisting trend that was tanking the price from rising above, for now. Source: coinmarketcap While the monthly trend was very shaky for the crypto-pioneer Bitcoin [BTC] when it comes to its price, altcoins and specifically TRON TRX and VeChain VET have been standing out in many occasions giving the opportunity to near term traders gather some profit. VeChain (VET) – VeChain (VEN) is a blockchain cryptocurrency that operates on the BaaS (Blochchain-as-a-Service) framework. VeChain’s main objective is to decentralize and transform how global business supply and management chains are monitored. VeChain aim to achieve this through the provision of a faster, transparent and trust-free platform. The post VeChain (VET) ThorPay and Bitrue Exchange Listing appeared first on Ethereum World News.

Ripple CEO and SWIFT CEO Meet in a Face-to-Face Debate in Paris. After a long wait, crypto enthusiasts, and especially those attached to the XRP Army, were able to witness the debate between Ripple CEO Brad Garlinghouse and SWIFT CEO Gottfried Leibbrandt. Representatives of the two rival companies attended a panel called “Let’s Send the Money” as part of one of the events of the Paris FinTech Forum 2019. At this event, participants discussed the future of cross-border payments. The two companies are trying to solve this issue using different methods, and although SWIFT concentrates most of the world’ s customers, Ripple is increasing its user share at a vertiginous rate. Which One Will Be The King of Cross-Border Payments? Swift CEO answered a question about how they will play an essential role in the future of transactions by focusing primarily on the high number of customers already connected to the network. He also mentioned that they are working on solving the problem of slow transactions thanks to the SWIFT GPI program, with which they expect to achieve transactions in record time: “We have 10,000 banks in the network, and that, I think, is a resilient system, correspondent banking, and the other reason is [that] we are innovating like crazy… The big innovation we introduced three years ago called GPI, Global Payments Innovation, which really takes correspondent banking into the 21st century … I was in China the week before last, and the Chinese banks told me ‘every payment we now send to the U.S. is there within minutes; so, it’s nice that you have tracking, but now cross-border payments have really improved. The same for corporates: you can now track it, etc… So, we now have more than half of the payments globally on that new platform … We’ve signed up over 400 banks, all of the top 60 are on there, and we are looking towards general adoption in a year and a half, and then the whole of correspondent banking will be on that new platform… and with that, you get all the benefits of the existing model.” For his part, Brad Garlinghouse referred to the role that the Internet of Value will play in the near future and how Ripple will be a major player once the IoV permeates the world of finance. “Ripple talks a lot about what payments look like not just today but in 10-20 years, and when you think about that, we are talking about the Internet of Value: How do we move value the way information moves today. I think about the dynamic between Ripple and SWIFT is not dissimilar to the dynamic between Amazon in 1997-1998 and Walmart … Ripple thinks about the Internet of Value: Really democratize payments, reducing costs dramatically, increasing speed dramatically … We really think the same way as we’ve introduced new technologies like TCP/IP and HTTP that became the internet of information. I think the future we see is certainly one of many networks, interoperable networks, reducing the friction of payments to close to zero and I think we are going to see a lot of innovation apart from Ripple.” SWIFT Explains Why They Are Not Fans of Ripple and XRP SWIFT’s decision to ditch Ripple technology was also discussed during the debate. When Schulze asked Leibbrandt why not do business directly with Ripple, he replied: “We had a long discussion about blockchain vs. API… Blockchain, we think is further out. We’ve run a big Proof-of-Concept with blockchain, several Proofs-of-Concept I should say, one of them to put it inside the reconciliation between banks, Nostro vostro. We had 40 banks participate in that. It was the largest HyperLedger implementation outside IBM… But when we evaluated it with the banks, they said ‘that works a proof-of-concept, but it is not clear to us that it is that much better than what we have today given the migration cost.’ We find that for them it is much easier to integrate with APIs and what we are now offering with GPI than it is with blockchain.” He also pointed out that except for a small minority, banks are not willing to use XRP due to the high volatility of cryptocurrencies. For his part, Brad Garlinghouse countered these claims, mentioning that they carried a burden of misinformation. Garlinghouse said no matter how volatile a token may be, the almost immediate time it takes to complete a transaction reduces the risk to an even lower margin than that of traditional fiat transactions: “SWIFT today is a one-way messaging framework. It isn’t actually a liquidity provider… When we think about the internet of value, it’s a mixture of two-way messaging frameworks… coupled with real-time liquidity… I hear people talking about volatility, and I feel they are propagating misinformation… If you take a low volatility asset [fiat] times a long duration vs. a high volatility asset [crypto] for a very short amount of time, it turns out that mathematically there is less risk in the XRP transaction than in the fiat transaction.” The complete debate is available here: The post Ripple CEO and SWIFT CEO Meet in a Face-to-Face Debate in Paris. appeared first on Ethereum World News.

Cryptopia Hacked… Again. 17,000 Wallets Compromised, Blockchain Analytics Firm Reports Although many felt that the Cryptopia tragedy had passed after the multi-million dollar hack that occurred two weeks ago, it seems that the drama continues and the New Zealand-based Exchange has yet to fully recover. A report published by Blockchain data analytics firm Elementus revealed that instead of being an isolated event, the Cryptopia hack seems to be a continuous attack and today January 28, 2018, hackers once again took control of Cryptopia’s infrastructure, withdrawing funds from approximately 17k Cryptopia Wallets and sent their funds to the address 0x3b46c790ff408e987928169bd1904b6d71c00305 The Elementus research team mentions that even though they initially suspected that such a volume of transactions was on the part of Cryptopia seeking to secure funds in a new wallet address not controlled by hackers, as the hours passed it became evident that the situation was not at all positive: Could this be Cryptopia securing their remaining funds? Nope. Initially, it looked like that could be the case, but by 9:50 PM this evening, it became obvious this was the same hacker. At that time, the incoming transfers stopped, and the funds were moved into the address below, one of the wallets used in the prior series of breaches. 0xaa923cd02364bb8a4c3d6f894178d2e12231655c It appears that the stolen funds are mostly mined tokens deposited directly to the Exchange from different pools. This explains why in spite of the attacks, the hacked wallet addresses kept a constant influx of tokens. Cryptopia Chooses Silence as The Strategy to Deal with the Situation The Cryptopia team has not commented on this. They have neither confirmed nor denied the new hack. The Exchange maintains silence in the social networks since January 16, inviting the public to follow the page of the New Zealand police to obtain more information. As reported by Ethereum World News, on January 15 , Cryptopia suffered a hack in which more than $16 million worth of Ethereum and other ERC20 tokens were stolen. A few days after the attack, the hacker tried to deposit part of these funds in Binance, but the exchange froze them: Just checked, we were able to freeze some of the funds. I don't understand why the hackers keep sending to Binance. Social media will be pretty fast to report it, and we will freeze it. It's a high risk maneuver for them. https://t.co/i0PeahLzic — CZ Binance (@cz_binance) January 16, 2019 Right now, Cryptopia is under maintenance. The Cryptocurrency exchange reported a trading volume of more than 1.8 Million USD before the incident that led it to temporarily suspend all services The post Cryptopia Hacked… Again. 17,000 Wallets Compromised, Blockchain Analytics Firm Reports appeared first on Ethereum World News.

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