PR: Bitcoin.com Partners With CryptoTag to Bring Space Grade Security to the Bitcoin.com Store

PR: Bitcoin.com Partners With CryptoTag to Bring Space Grade Security to the Bitcoin.com Store

This is a press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Your security and legacy is not something to be taken lightly. This is why Bitcoin.com have partnered with the security experts at CRYPTOTAG to bring their cutting edge private key and seed backup solution to the Bitcoin.com Store. The CRYPTOTAG Starter Kit gives you the tools you need to store your private keys and recovery seed on space-grade titanium. Built to be indestructible. Here is what the CRYPTOTAG team had to say: ‘’Our solution is an unique patented system that we tested thoroughly. We constructed CRYPTOTAG in such a way that all the components work together guaranteeing the best result for our customers.’’ Bitcoin.com Ecommerce Manager, Blake Moore, shared why he thinks CRYPTOTAG is so important: “Accidents happen and access combinations are forgotten all of the time. CRYPTOTAG is a must-have product if legacy and security are important to you. They are a great addition to the growing range of products and services we offer.” CRYPTOTAG is compatible with the Bitcoin.com wallet, Ledger, KeepKey and more.Available now at the Bitcoin.com Store. About Bitcoin.com:Bitcoin.com is supercharged to change the world with BCH. Our suite of developer tools has been downloaded 36,000+ times from over 100 countries.Our team is the heart and soul of the Bitcoin Cash industry. We’re committed to making BCH available to all people, whatever their age, gender, nationality or financial status. About CRYPTOTAG.io:CRYPTOTAG is a Dutch startup from Amsterdam. We want to contribute to a community which we believe in. That is why we have created the only premium backup system in the world made out of space-grade titanium.We at CRYPTOTAG have one goal: empowering people to be their own bank. Supporting Linkhttps://store.bitcoin.com/cryptotag Contact Email Addressblake@bitcoin.com This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or…

UK Financial Watchdog: $255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

UK Financial Watchdog: $255 Mln Lost in Crypto-Related, Other Investment Scams in 2018

The United Kingdom Financial Conduct Authority (FCA) has reported that common investment scams’ losses — including those crypto-related — amounted in total to over £197 million ($255 million) in 2018. The agency reported the losses in an official press release published on Feb. 6. According to data from the FCA call center, the most common reported scams involved unauthorized investments in shares and bonds, forex markets and cryptocurrencies. Each victim lost an average of £29,000 ($37,000), with such types of fraudulent investments accounting for a total of 4,996 reported cases and constituting 85 percent of the overall number of scam reports in 2018. In the recent warning to investors, the FCA stressed that investors should be particularly careful in making investments during the first quarter of the year, which is considered as the peak investment season before the end of the tax year. The financial watchdog has also noted that the spread of investment scams is shifting from traditional cold calls to scamming online. According to the FCA, scammers have used online sources 9 percent more than in 2017, contacting people through emails and professional looking websites, as well as through social media sites such as Facebook and Instagram. Earlier in January, crypto analytics firm CipherTrace reported that around $1.7 billion was obtained through illegal means in 2018, including $960 million stolen from crypto exchanges, and $725 million lost in scams, exit schemes and fraudulent initial coin offerings (ICOs). In December 2018, the FCA revealed that it was investigating 18 firms over cryptocurrency use. A month before, in November 2018, the FCA had stated that they were looking into more than 50 crypto-related entities that may have been offering financial services without the proper permission.

Cypherpunk Valentine: Why Shoppers Spend Bitcoin on Lingerie

Cypherpunk Valentine: Why Shoppers Spend Bitcoin on Lingerie

The most cypherpunk way to celebrate Valentine’s Day may be to buy lingerie with bitcoin. Panties.com founder Lila Williams told CoinDesk that she receives “a handful” of bitcoin payments every month since she started accepting bitcoin in March 2017. So, this Valentine’s Day season, her site is running a campaign where all purchases paid in bitcoin get 15 percent off and a free pair of lace panties. Some bitcoin fans might be reluctant to spend their crypto on apparel. Yet lingerie, in particular, is often viewed by aficionados as a purchase similar to jewelry – an investment in a piece of fine craftsmanship. If bitcoin is an investment, then spending bitcoin on lingerie from women-led companies that accept crypto – like Naja and Kala, both of which pay garment makers above-average wages and use fair-trade materials – is a way to invest in women. Speaking to this broader industry dynamic, Rebecca Migirov, an alumna of ethereum venture studio ConsenSys and currently the CEO of lingerie brand Kala, told CoinDesk that the industry is seeing a “woman-led revolution in terms of product.” The best way to support crypto adoption, she says, is for consumers to “show there’s demand in the market.” That’s why Rick Shaddock, a member of the Digital Currency Association, said he used bitcoin he acquired during the market peak in December 2017 to buy his wife panties for their anniversary because there’s no volatility in lacy underthings. “It turned out to be a wise exchange, because BTC went down 80 percent,” Shaddock said in an email. “Panties were a much better investment than bitcoin in 2018.” Needing censorship resistance Stepping back, the American lingerie industry is widely dominated by corporations with controversial labor practices, since bras, in particular, are difficult to mass produce and must be partially assembled by hand. For example, Victoria’s Secret – majority owned by billionaire Lex Wexner – has reportedly relied on cheap prison labor and child labor. Lingerie companies with higher ethical standards but less corporate power face rampant advertising censorship from subscription sites like Patreon to digital portals like Google and Instagram. “There are enormous problems with advertising even luxury lingerie,” Panties.com founder Williams said. Williams told CoinDesk that, in addition to having trouble with Google Ads, Facebook frequently…

Data: US Traders Most Active Across Major Crypto Exchanges

Data: US Traders Most Active Across Major Crypto Exchanges

New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight. The U.S. has the highest distribution of traders — 60 percent — on major crypto exchange and wallet Coinbase, while on Binance, Bittrex and Poloniex, U.S. traders make up 24, 27 and 28 percent of total crypto traders respectively. American traders are less represented on Hong Kong-based crypto exchange Bitfinex, at 10 percent of traders on the exchange, while German traders make up 13 percent. Earlier this year, Bittrex launched an over-the-counter (OTC) trading desk that offers around 200 crypto assets. OTC trading has become extremely popular among institutional investors looking to trade in large volumes, as previously reported by Cointelegraph. Since the beginning of the year, trading records have been reporting lower numbers, according to a previous article by Cointelegraph. Coinbase was experiencing lows that they have not been seen since 2017, with the Bitcoin (BTC)/US Dollar (USD) market at allegedly around $1 billion in January. Geographical Distribution of Crypto Traders. Source: DataLight Earlier this year, Bittrex entered into the over-the-counter (OTC) market, which offered around 200 crypto assets to investors on their platform. OTC trading which has become extremely popular among institutional investors looking to trade in large volumes as previously reported by Cointelegraph. Since the beginning of the year, trading records have been reporting lower numbers according to a previous report by Cointelegraph. Coinbase was experiencing lows that they have not been seen since 2017, with the Bitcoin (BTC) and US Dollar (USD) at allegedly around $1 billion.

Little-Known Resistance May Be Blocking Bitcoin Price Bounce

Little-Known Resistance May Be Blocking Bitcoin Price Bounce

View Bitcoin continues to chart bearish lower highs along the 50-candle moving average on the 6-hour chart. The immediate bias remains bearish while the cryptocurrency is held below that average line, currently at $3,450. Recent history shows bull failures at the 6-hour 50-candle moving average are often followed by a drop below the recent low. BTC, therefore, risks printing fresh multi-week lows below $3,322 (Jan. 29 low), having faced rejection at the crucial moving average hurdle earlier today. A convincing 6-hour close above the moving average resistance will likely weaken bearish pressures and allow a corrective rally toward $4,000. Bitcoin (BTC) price gains may be capped by a key moving average that has been acting as stiff resistance since mid-January. The leading cryptocurrency by market value jumped to $3,445 earlier today, confirming an upside break of a falling wedge – bullish reversal pattern – carved out over the last six weeks. The breakout failed, however, and BTC ended up charting a bearish lower high near the 50-candle moving average (MA) on the 6-hour chart. Notably, that average line has put the brakes on a number of attempted corrective rallies over the last three weeks. For instance, bitcoin’s quick recovery from lows near $3,400 on Jan. 22 had triggered hopes of a stronger recovery rally. That price bounce, however, failed to clear the 6-hour chart 50-candle MA for four days straight and the repeated bull failure was followed by a drop to $3,322 on Jan. 29. Hence, the bulls will likely feel emboldened if and when that MA hurdle is convincing scaled. As of writing, BTC is changing hands at $3,367 on Bitstamp, representing a 1.6 percent drop on a 24-hour basis. The 50-candle MA on the 6-hour chart is seen at $3,450. 6-hour chart As seen above, BTC has charted bearish lower highs (red arrows) along the downward sloping (bearish) 50-candle MA over the last three weeks. What makes it a strong short-term resistance is that after every rejection the price has hit a bearish lower low. So, the probability of BTC printing fresh multi-week lows below the Jan. 29 low of $3,322 in the next day or two is high. After all, the cryptocurrency faced rejection at the 50-candle MA earlier today, invalidating the bullish view…

The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund

The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Partners Digital Assets Fund

In Wednesday’s edition of The Daily we cover a number of stories that show how despite the ongoing bear market, the field continues to attract major investments and cryptocurrency companies keep on expanding their services. Also Read: Blockchain.com Launches New Bitcoin Cash Block Explorer F1 Team Gets Crypto Sponsor Cryptocurrency venture Futurocoin has announced it’s signed a two-year deal to partner the Aston Martin Red Bull Racing Formula One (F1) team. According to the deal, the company’s branding will be featured on the RB15 F1 cars driven by Max Verstappen and Pierre Gasly, and its logo will also be seen on the drivers’ overalls and the team transporters. “In recent years, the rise of blockchain technology and cryptocurrencies has been truly remarkable, and we’re delighted to be the first Formula One team to embrace this, through our partnership with Futurocoin,” said Aston Martin Red Bull Racing Team Principal, Christian Horner. “Secure digital currencies are on the leading edge of technological development and we are very excited to be part of this revolution.” Aston Martin Red Bull Racing won the F1 constructors’ and drivers’ world championships in four consecutive years between 2010 and 2013, and has a total of 59 total Grand Prix wins. “Cryptocurrencies and Formula One are very similar and their values are much alike; speed, technology and being ahead of their time,” said founder Roman Ziemian. “I’m a huge fan of motorsport and F1 has always intrigued me. The sponsorship is an exciting new chapter for our company and will be a global platform for us to drive awareness of Futurocoin.” Dubai Royal Partners Digital Assets Fund Liechtenstein-based cryptocurrency investments fund Invao has been selected as the exclusive international partner for blockchain investments by Dubai’s Seed Group, owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum which is believed to be one of the world’s wealthiest royals. Frank Wagner, CEO of the fund, said: “This represents a seal of approval from an association of elite business minds across the UAE. At INVAO, we have the extensive experience, tact, and resources to contribute to the ascent of the UAE as a bonafide world leader in blockchain technology and look forward to helping this vision to crystallize. INVAO’s recent activity across the…

New Report Highlights Increasing Decentralization of Bitcoin Mining

New Report Highlights Increasing Decentralization of Bitcoin Mining

Bitcoin (BTC) mining has become more decentralized and continues to diversify, a new report from Canadian wealth management company Canaccord claimed on Feb. 6. Canaccord, which tracks the blockchain and digital currency sectors along with its other financial operations, highlighted the increasingly wide distribution of Bitcoin’s hash rate over the past five years. This, the report says, represents a competitive marketplace which in turn makes the largest cryptocurrency less vulnerable to attack. Multiple mining pools currently contribute to Bitcoin network transaction processing, with that number increasing significantly since 2014. According to Canaccord’s data, in 2014, the Ghash.io pool controlled around half the market. Five years later, no single pool controls more than 19 percent of hash rate as of Feb. 2. The current largest stakeholder remains Antpool, the report notes, which along with ViaBTC belongs to Bitcoin mining giant Bitmain. The company has seen mixed fortunes over the past year, with its share of the mining sphere correspondingly reduced. Statistics about mining pools vary by source. Data from Blockchain.com currently puts Antpool’s share at 10.5 percent, while Bitaps suggests it is closer to 8.5 percent. More generally, Bitcoin’s hash rate has improved since November, when a downturn in Bitcoin prices caused miners to reduce activity over profitability woes.

CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death

CEO of Canadian Crypto Exchange QuadrigaCX Filed Will 12 Days Before Death

Gerald Cotten, the recently deceased CEO of major Canadian crypto exchange QuadrigaCX, had filed a will 12 days before his death, Bloomberg writes Tuesday, Feb. 5. According to the documents obtained by Bloomberg, Cotten signed his last will and testament on Nov. 27, 2018. He mentioned his wife, Jennifer Robertson, as the only beneficiary and the executor to his estate. Bloomberg has learned that Robertson will inherit several properties in Nova Scotia, where the couple lived, and in Kelowna, British Columbia, as well as a Lexus, a Jeanneau 51 yacht, an airplane and his two pet chihuahuas. Canadian crypto exchange QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018. According to a January affidavit filed by Robertson, Cotten was the only person to have access to QuadrigaCX wallets, and the CEO had not left any evidence of passwords. The reported number of users affected is over 100,000, with around $250 million CAD ($190 million USD) in cryptocurrency and fiat currency purportedly lost. Bloomberg reports that several QuadrigaCX users have retained lawyers to instigate proceedings to receive their funds, however noting that the court has given the exchange a 30-day stay to prevent lawsuits during this time. Cotten’s death sparked controversy in the crypto community, with some customers claiming he faked his death to steal their assets. However, later a death certificate, issued by the Government of Rajasthan’s Directorate of Economics and Statistics, was unveiled, which stated that Gerald William Cotten died on Dec. 9. As Cointelegraph reported earlier, a court-ordered lawyer will receive the encrypted laptop — which allegedly contains the crypto reserves — from QuadrigaCX representatives. Moreover, the crypto exchange’s lawyers are considering selling the company to cover the debts, as revealed at a court case held yesterday, Feb. 5.

Coinbase’s Wallet App Is Getting Bitcoin Support This Week

Coinbase’s Wallet App Is Getting Bitcoin Support This Week

Coinbase users will soon be able to directly control their bitcoin holdings from the firm’s Wallet app. The San Francisco-based cryptocurrency exchange announced the news in a blog post Wednesday, saying that Coinbase Wallet will be updated over the next week to add bitcoin support to all users on iOS and Android. Bitcoin support will be “activated by default,” Coinbase said, meaning users will just have to tap “receive” tab in the app and select “bitcoin” to receive the cryptocurrency directly in the wallet. Coinbase Wallet already supports ethereum (ETH), ethereum classic (ETH) and “over 100,000” different ERC-20 tokens and ERC-721 collectibles built on ethereum, the exchange said, adding that it is also working on to add support for bitcoin cash (BCH), litecoin (LTC) and other major cryptos to its wallet going forward. Coinbase explained that with the main Coinbase app or Coinbase.com, users can buy cryptocurrencies and the exchange itself stores the keys centrally. But with Coinbase Wallet app, users safeguard their own private keys, which are encrypted using Secure Enclave technology for better security. The app supports both SegWit and legacy bitcoin addresses for backwards compatibility. Coinbase continues to add new and expanded services. Just yesterday, the exchange announced that its customers in the 32 EU and European Free Trade Association countries can now make withdrawals into their PayPal accounts. The feature has been live in the U.S. for some time. Last month, Coinbase added support for cross-border wire transfers for institutional clients in Asia, the U.K. and Europe. And it integrated with tax-filing platform TurboTax, offered by Intuit Consumer Tax Group, to help U.S. clients file taxes on their cryptos. Wallet image via Shutterstock

The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets Fund

The Daily: F1 Team Gets Crypto Sponsor, Dubai Royal Invests in Digital Assets Fund

In Wednesday’s edition of The Daily we cover a number of stories that show how despite the ongoing bear market, the field continues to attract major investments and cryptocurrency companies keep on expanding their services. Also Read: Blockchain.com Launches New Bitcoin Cash Block Explorer F1 Team Gets Crypto Sponsor Cryptocurrency venture Futurocoin has announced it’s signed a two-year deal to partner the Aston Martin Red Bull Racing Formula One (F1) team. According to the deal, the company’s branding will be featured on the RB15 F1 cars driven by Max Verstappen and Pierre Gasly, and its logo will also be seen on the drivers’ overalls and the team transporters. “In recent years, the rise of blockchain technology and cryptocurrencies has been truly remarkable, and we’re delighted to be the first Formula One team to embrace this, through our partnership with Futurocoin,” said Aston Martin Red Bull Racing Team Principal, Christian Horner. “Secure digital currencies are on the leading edge of technological development and we are very excited to be part of this revolution.” Aston Martin Red Bull Racing won the F1 constructors’ and drivers’ world championships in four consecutive years between 2010 and 2013, and has a total of 59 total Grand Prix wins. “Cryptocurrencies and Formula One are very similar and their values are much alike; speed, technology and being ahead of their time,” said founder Roman Ziemian. “I’m a huge fan of motorsport and F1 has always intrigued me. The sponsorship is an exciting new chapter for our company and will be a global platform for us to drive awareness of Futurocoin.” Dubai Royal Invests in Digital Assets Fund Liechtenstein-based cryptocurrency investments fund Invao has been selected as the exclusive international partner for blockchain investments by Dubai’s Seed Group, owned by The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. Believed to be one of the world’s wealthiest royals, Al Maktoum is the CEO of Emirates Group, chairman of Dubai World, chairman of the Dubai Supreme Fiscal Committee, and second vice chairman of the Dubai Executive Council. Sheikh Ahmed bin Saeed Al MaktoumFrank Wagner, CEO of the fund, said: “This represents a seal of approval from an association of elite business minds across the UAE. At INVAO, we have the extensive experience, tact,…