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The euro has declined more against the dollar than Bitcoin since April as Italian political turmoil riles markets. Euro Faces Repeat Politics Data uploaded to social media by eToro analyst Mati Greenspan shows that despite its downturn in May, Bitcoin is still 7% higher than it was April 1, while the euro has dropped 6%. “Draw your own conclusions,” Greenspan commented. Just for the fun of it. Here’s a graph comparing Bitcoin to the Euro since the beginning of April. Green is BTC = +7%White is Euro = -6% Draw…

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London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. However, some fear it is now in danger of getting left behind by the hottest emerging asset class – cryptocurrency. One of the main reasons for this appears to be the dominance of the big banks over the UK economy. Also Read: Niall Ferguson Tells Bank of England Bitcoin Is Financial System of the Future Banks Hindering Progress Despite having a thriving fintech startups scene, an established…

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According to Peter Tchir, there is an ongoing manipulation of bitcoin price. What the macro and fixed income expert isn’t sure of is whether such price manipulations are against the law. The DOJ recently began investigating suspected trading malpractices in the cryptocurrency market. Whales and Miners Influence Bitcoin Prices Writing in an op-ed for Forbes, macroeconomist Pter Tchir states that he’d be surprised if there weren’t any shenanigans going on with the way Bitcoin prices move, saying: Whether the activities meet the legal definition of manipulation or can lead to…

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Lul.to, a German audio and e-book pirate platform, trafficked in close to a quarter million titles, serving 30,000 users. Summer of last year, the country’s Cyber Crime Competence Center (SN4C) shut the site down and arrested its operators. A basket of cryptocurrencies were seized in the process. Over a two month period, they were sold off to the public, raking-in a cool €12 million ($13.8 million), the highest take in the nation’s legal history. Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt German Authorities Sell Off…

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Digital assets are seeing some recovery today on May 29, as cryptocurrency bulls are attempting to press market prices higher. Cryptocurrency values dropped pretty low this weekend once again after being unable to hold steady earlier last week. Bitcoin Cash (BCH) weighted price values are averaging $975-986 at press time, gaining 5.3 percent over the past 24-hours. Bitcoin Core (BTC) values are around $7,420-7,460 per coin, and have seen an increase of around 2.4 percent during today’s trading sessions.  Also read: The Exahash Era: SHA-256 Mining is a Significant Achievement in…

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South Korea’s national legislature has officially proposed to allow domestic initial coin offerings, effectively lifting the ban imposed by the government in September last year. With the lack of proper guidelines, South Korean companies have been migrating abroad to launch their token sales. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space National Assembly’s Proposal The National Assembly, the 300-member unicameral national legislature of South Korea, has officially proposed for the government to lift the ban on initial coin offerings imposed last September, Business Korea reported on Tuesday. The news…

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A new resource claims to have calculated “accurate” costs for launching a 51% attack against some of the largest cryptocurrencies. Hack Bytecoin for $557 51Crypto, which includes in its listings Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Monero, states the cost of a one-hour 51% attack, along with how much of the required hashing power an attacker could purchase from a standard rental service such as NiceHash. The list makes for daunting reading. Bytecoin, a CryptoNight coin with a market cap of just under $1 billion, could be 51% attacked using…

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In times when cryptocurrency markets are experiencing a relatively significant dip, some influential voices continue to sound optimistic. We cover these opinions in today’s edition of Bitcoin in Brief. Of course, positive predictions are almost always balanced by some negative expectations; in this case they are part of a short-term prognosis. Also read: Bitcoin in Brief Monday: Poloniex Responds to Frozen Accounts Complaints McAfee Sees Bitcoin Beyond $15,000 in June Soon after tweeting that “institutional investors are preparing to enter the cryptocurrency market with a vengeance,” cybersecurity guru John McAfee…

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Two weeks after its hard fork, 13% of Bitcoin Cash nodes are still running old software which is incompatible with the rest of its network, data reveals. Theories Emerge Over Rogue BCH Nodes As shown by Coin Dance and uploaded to social media by cryptocurrency commentator Ben Verret Sunday, Bitcoin Cash has so far failed to gain full support for its new fork, which split off from the main chain May 15. 13% of BCash nodes are still not following the new hardfork. https://t.co/AlKs8CyuFB pic.twitter.com/oJecVQ39hX — Ben Verret (@verretor) May…

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ChronoBank, a leading international HR platform, has announced the launch of LaborX — one of the first blockchain apps currently ready for mass adoption. A New Addition to ChronoBank’s Ecosystem ChronoBank.io, an ambitious and broad blockchain project aimed at disrupting the HR/recruitment/finance industries, has announced the launch of LaborX — the first complete blockchain-based job platform in the world. ChronoBank’s ecosystem is already rich, being comprised of Labour-Hour Coins and a smart contract management system interface (ChronoMint). The former effectively tokenizes labor while removing inflation from the equation, while ChronoMint…

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