Hackers Breach Popular Web Analytics Site to Target Crypto Exchange

Cryptocurrency exchange Gate.io was apparently the target of hackers who compromised a widely used web analytics platform this week. According to a report from internet security firm ESET on Tuesday, bad actors compromised Ireland-based web analytics site StatCounter, in an attempt to steal bitcoin from the exchange’s customers. The attackers managed to inject malicious code into the script of StatCounter webpage, having also registered a domain very similar to the official one. The fake domain swapped two letters from the original to form “StatConuter”, which can be difficult to spot…

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US Election Sees Crypto-Friendly Politicians Win Governor Races

The U.S. 2018 midterm elections saw crypto-friendly lawmakers securing governorships in three states, while maintaining two others. Three new governors and two incumbent are ranked as very crypto-friendly, according to data compiled by the Digital Asset Trade Association (DATA), a blockchain advocacy group. The organization sent surveys to most gubernatorial candidates, rating their blockchain-friendliness based on their responses. Perhaps unsurprisingly, these new governors include Jared Polis (of Colorado) and Gavin Newsom (of California), both have whom been vocal supporters of both cryptocurrencies and blockchain more broadly. Mark Gordon won his…

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CFTC Chair Says Distributed Ledger Tech Can Aid Market Watchdogs

Advances in financial technology may be useful for improving the regulation of derivatives markets, Commodity Futures Trading Commission (CFTC) chairman J. Christopher Giancarlo said Wednesday. Speaking at the D.C. Fintech Week Conference at Georgetown University, Giancarlo highlighted distributed ledger technology (DLT) and how it could be leveraged to automate certain regulatory processes in particular, which he described as “quantitative regulation.” This automation, in turn, would allow the regulator to more efficiently oversee markets while reducing costs. “As we think about the application of [financial] technologies to trading markets, it is no…

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As Plasma Stalls, Snarks Become New Hope for Scaling Ethereum Now

Efforts to scale ethereum, the world’s second-largest blockchain, are growing more varied as one much-anticipated solution encounters pitfalls amid its continued development. At the forefront of this transition has been plasma, a concept widely heralded as ethereum’s best bet for short-term scaling. Already, researchers behind the tech have built five distinct versions of the protocol – but within these multiple iterations, there’s evidence that work isn’t proceeding as originally hoped, with little actionable code being put together well over a year since its inception. As plasma slows, however, attention is being…

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Crypto Exchange Poloniex Announces ‘Pre-Fork’ Trading for Bitcoin Cash

Poloniex announced Tuesday it will be the first cryptocurrency exchange to offer trading for the pending bitcoin cash (BCH) hard fork amid an ongoing debate over the technology’s roadmap. Starting Wednesday night, Poloniex, operated by Goldman Sachs-backed startup Circle, revealed it will begin offering customers the option to buy bitcoin cash ABC (BCHABC) and bitcoin cash SV (BCHSV) trading tokens. This is the first time Poloniex has offered trading pairs for a crypto asset prior to a possible fork, a move it says is part of a wider strategy to…

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Ethereum Price Analysis: ETH/USD Downsides Limited Below $212

Key Highlights ETH price formed a short term top at $223 and corrected lower against the US Dollar. There is a major bullish trend line in place with support at $216 on the hourly chart of ETH/USD (data feed via Kraken). The pair could decline towards the $212 or $213 support level before buyers emerge again. Ethereum price is slowly correcting lower against the US Dollar and bitcoin. ETH/USD is likely to find a strong buying interest near the $212 zone. Ethereum Price Analysis Yesterday, we saw a nice upward…

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Timeline and Support — Bitcoin Segwit2x and Bitcoin Gold

We wanted to give customers another update on two upcoming Bitcoin forks — Bitcoin Segwit2x and Bitcoin Gold. You can read more about what a digital currency fork is here. We operate by the principle that our customers should benefit to the greatest extent possible from hard forks or other unexpected events. This is essential in our mission to make GDAX the most trusted and liquid digital asset exchange. Bitcoin Segwit2x The Bitcoin Segwit2x fork is projected to take place on November 16th and will temporarily result in two bitcoin blockchains. Following…

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With or Without Consensus, BCH/USD Could Test $850

A week to Bitcoin Cash’s half-year software upgrade and BCH/USD is vibrant, adding 45 percent in the last week. Aside from that, BCH is trading above $600 in a bull break out pattern meeting our previous BCH/USD trade plans. Latest Bitcoin Cash News 11 months of lower lows and Bitcoin Cash is now bottoming out, posting huge gains in the last few days. In fact, Bitcoin Cash is up 45 percent in the last week and fairly stable in the last day. Obviously the market is split ahead of the…

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EOS/USD and LTC/USD Slow Down As Traders Buy Dips

Even if yesterday’s upsides were limited, altcoins are technically bullish and should print higher as the week come to a close. In that case we expect ADA/USD and XLM/USD traders to buy at spot prices with stops at immediate support. As this prints, EOS/USD, LTC/USD and XMR/USD traders should maintain a neutral position until close above immediate resistance lines triggering bulls. Let’s have a look at these charts: EOS/USD Price Analysis Following expansions of Nov 6, yesterday’s price action was expected. But, it shouldn’t be a cause of concern since…

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Thai Deputy Prime Minister Calls for More Controls for Cryptocurrencies

The Deputy Prime Minister of Thailand Wissanu Krea-ngam has called for more regulations on cryptocurrencies, local news daily the Bangkok Post reports Nov. 8. While Thailand introduced a regulatory framework for cryptocurrencies earlier this year, Krea-ngam urged that new measures must be introduced both domestically and internationally in order to keep up with new tactics and threats to consumer security. Speaking at the Counter-Terrorism Financing Summit, Krea-ngam said that experts should not be satisfied with current security protocols so as not to lag behind criminals that would use cryptocurrencies for…

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