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BitcoinNews.com Litecoin Market Analysis 24th June 2019

This week, Litecoin was not able to stand out with good growth as last week and spent the entire time in consolidation, trading at a price of $140. As is traditional on the weekend, Litecoin buyers broke this mark and are now trying to fix above it. The breakthrough of this price was difficult and the fight for $140 still …


Bitcoin Supporters Hit Back at Gold Advocate Peter Schiff

Bitcoin Supporters Hit Back at Gold Advocate Peter Schiff

As Bitcoin today trades closely against the shore of USD 11,000 after already twice breaching the line on the weekend, Bitcoin advocates have stirred up a social media storm with pro-gold influencer Peter Schiff. Schiff is the figurehead for the gold proponents, actively trashing Bitcoin and in public interviews, at every chance he gets. He wrote on the weekend: “It …


SWIFT Lets Blockchain Platforms Access Instant Payments

Blockchain Platforms Can Access Instant Payments via SWIFT

SWIFT has announced that it will now open access of its Global Payments Innovation (GPI) platform to blockchain firms, allowing them to access virtually instant payments. The global interbank messaging giant said this in a report after R3’s Corda platform had a successful proof of concept that would “soon be enabling GPI payments on DLT [distributed ledger technology]-based trade platforms”. …


Binance Cautions Against Using Firefox Due to Coinbase Vulnerabilities

Binance Cautions Against Using Firefox Due to Coinbase Vulnerabilities

The Firefox vulnerability that BitcoinNews.com reported on last week has led to crypto exchange Binance’s vocal CEO, Changpeng Zhao, calling on his significant following to stop using the web browser. And don't use Firefox (or at least upgrade it to the latest one). Stay #SAFU. https://t.co/FoP5XLU3wd — CZ Binance (@cz_binance) June 21, 2019 His Twitter post was pretty straightforward, and …


FATF to Enforce Time Restriction on Exchanges’ Customer Information

FATF To Enforce Time Restriction on Exchanges' Customer Information

The Financial Action Task Force (FATF), who met last week for another round of talks to decide on new AML steps, is to bring in a time restriction for crypto exchanges on data sharing. The FATF has set a time limit of 12 months during which time exchanges must share user and sender information with “beneficiary institutions”. The new data …


Bitcoin Lurks Below $11,000 as Consolidation Mounts

Bitcoin Lurks Below $11,000 as Consolidation Mounts

After incredible shows of activity from the Bitcoin bulls from across the globe over the weekend, and a brief respite on Sunday, Bitcoin continues to lurk in the shadows just below USD 11,000, as signs of consolidation continue to mount and bulls prepare for a fresh onslaught to register even more new highs in the final week of June. Monday …


Man Pleads Guilty to Defrauding Crypto Investors of $195,000

Man Pleads Guilty to Defrauding Crypto Investors of $195,000

Staten Island-based CabbageTech‘s head Patrick Mcdonnel, who went by the name Jason Flock, pleaded guilty to fraud at a federal courthouse in Brooklyn in connection to a Ponzi-like scheme which involved the exchange of Bitcoin, Litecoin and other cryptocurrencies. The investors were given false claims of massive profits of up to 300% in less than a week along with trading …


Zcash Pushes for a New Version of the Protocol to Serve a Radical 10 Billion Users

Zcash Pushes for a New Version of the Protocol to Serve a Radical 10 Billion Users

Creator of Zcash, the Electric Coin Company (ECC), has put forth its intentions to revamp the infrastructure of Zcash as the challenges were highlighted in the Zcon1 conference in Split, Croatia held on 22 June 2019. As reported by Decrypt, Nathan Wilcox, chief engineer at ECC, said, “I think we should make Zcash usable by 10 billion people by 2050 if we …


Asia and Australia: Crypto and Blockchain News Roundup 17th to 23rd June, 2019

Asia

Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news continent by continent and country by country. Asia and Australia Japan Regulators forcing hacked exchange to improve its model: Fisco, the investment firm that took over the assets of the hacked cryptocurrency exchange Zaif is being scrutinized and forced …


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