XLM Cryptocurrency Ready to Resume Rally

The Stellar price has been rising steadily over the last two days. On Friday, Sept. 21, it is trading at 0.2514, adding 8.60% to its value. This rally is based on both tech signals and the overall market trends, says Dmitriy Gurkovskiy, chief analyst at RoboForex. On H3, Stellar is rising after the MACD convergence and the descending channel resistance breakout. The local target is at the long term channel resistance, i.e. 0.2750. The support is now the ex-resistance, which was previously broken out. The rally is also supported by…

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Bitmain Unveils Next-Generation ASIC Chip to Be Integrated into New Antminer Machines

Bitcoin (BTC) mining behemoth Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new “Antminer” crypto mining machines, Reuters reports September 21. An Application-Specific Integrated Circuit (ASIC) chip is a piece of tailored mining hardware geared to mine cryptocurrency based on a specific hashing algorithm. Bitmain CEO and co-founder Jihan Wu reportedly announced the new crypto-mining-specific ASIC chip BM1391 during his keynote lecture at the World Digital Mining Summit in Georgia. According to Wu, Bitmain has now started to mass produce the chip and plans…

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Japanese Financial Watchdog Launches Investigation Following $60 Million Exchange Hack

The Financial Services Agency (FSA) of Japan has launched an investigation after $60 million worth of cryptocurrencies were allegedly stolen from local crypto exchange Zaif, Cointelegraph Japan reports Friday, September 21. According to the report, the FSA has sent its staff to Tech Bureau — Zaif’s parent company based in Osaka — to verify whether the company will be able to cover customer losses. As Cointelegraph Japan has learnеd, the Japan Virtual Currency Exchange Association (JVCEA) has urged all local crypto exchanges to conduct an immediate inspection of their security…

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Lambos, Bling and Mansions — What Purchases Do Crypto Millionaires Make

One of the most hotly debated topics around cryptocurrencies is what people can actually purchase with Bitcoin and its altcoin brethren. With Bitcoin’s 10th birthday just around the corner, it’s worth taking a look at some of the most outrageous and expensive things people have been able to purchase with BTC. We have certainly come a long way since the infamous Bitcoin pizza incident, where Laszlo Hanyecz ordered two pizzas from Papa John’s for 10,000 BTC back in 2010. It goes to show how much progress has been made in…

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Point72 Exec Leaves the Firm to Launch Crypto Hedge Fund in October

Former equities portfolio manager Travis Kling has left billionaire Steven Cohen’s Point72 Asset Management to launch his own digital assets fund, Bloomberg reported September 21. Point72 is an asset management firm founded in 2014 as the successor of investment company SAC Capital Advisors. The latter pleaded guilty to federal insider trading charges and paid a $1.8 billion fine. Point 72 has offices in New York City, Hong Kong, Tokyo, Singapore, London, Paris, and Palo Alto, while its staff is marked with former IBM executive Timothy Shaughnessy as chief operating officer.…

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Hong Kong Stock Exchange Eyeing Blockchain Firm Acquisitions

Insider sources have suggested that the Hong Kong Stock Exchange (HKEX) is eyeing takeovers in the blockchain and other tech sectors, according to a Bloomberg article published September 21. Bloomberg cites “people with knowledge of the matter” as saying that the exchange is considering a change in strategy due to stalling trading links with exchanges in China, citing worsening U.S.–China trade relations as a further cause for concern. The sources reportedly told Bloomberg that HKEX CEO Charles Li has met with “at least three investment banks” to discuss diversifying the…

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eCash Founder David Chaum Makes Bold Promises with Elixxir Blockchain

Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented “the world’s fastest cryptocurrency.” Chaum is widely regarded as the forefather of cryptocurrencies and the wider world of cryptographic security and online privacy because of his pioneering security research work in the ’80s. His academic paper, “Blind Signatures for Untraceable Payments,” laid the groundwork for modern cryptography used in securing blockchains and cryptocurrencies. The…

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Petro Coin | Beginning Global Trade in Venezuela Come October

Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin. The Petro Coin Maduro appeared on the national VTV channel today and delivered a speech about his country’s latest economic issues. According to VTV’s official website, Maduro said: “The Petro enters the street, as a currency of exchange, purchase and convertible currencies for the world.” However, the Venezuelan president didn’t specify the areas where the Petro will be used. Maduro also didn’t name any countries willing to accept the Petro Coin. This oil-backed cryptocurrency was…

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Presenting a United Front of Cryptocurrency Companies to Work With Congress

It’s a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D.C., on September 11, 2018, to lobby the U.S. government on a range of issues from taxation to regulations; to educate members of congress about the growing success of blockchain; and to encourage lawmakers to allow innovation to flourish and benefit the economy. Kristin Smith, director of external affairs for the new Blockchain Association (BA), told Bitcoin Magazine in an interview that the time has come to…

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Let’s Talk Bitcoin: Authority in a Decentralized System

On the most recent episode of Let’s Talk Bitcoin!, the hosts discuss the now-defunct Bitcoin Alert system, devised by Satoshi himself. A rarity in the podcast space, this episode’s exploration involved no guest appearances, instead relying on the wealth of experience that Adam B. Levine, Stephanie Murphy, Jonathan Mohan and Andreas Antonopoulos had already picked up from their time with Bitcoin. Although seldom used and quickly discontinued, Bitcoin Alert was originally devised as an emergency means of sending communications to all members of the Bitcoin network, by propagating and authenticating…

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