Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 13

Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Tron, Stellar, Binance Coin, Bitcoin SV: Price Analysis, Feb. 13

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. During a bull phase, any amount of supply is easily absorbed as the traders are keen to buy on every dip. However, when the sentiment sours and the price fails to stage a recovery, most traders become sellers. While it is difficult to pinpoint a single reason for the prolonged fall of the crypto prices, the continued selling of Bitcoin (BTC) by the Mt. Gox trustee between February and June of 2018 could have exacerbated the fall. Now, despite the fact that the fundamentals are improving and cryptocurrencies and blockchain are seeing wider adoption, the sentiment needs to change for a new uptrend to start. Chinese billionaire Zhao Dong, nonetheless, believes that the time to buy Bitcoin is now as he thinks that the only thing traders need right now is patience. Mike Novogratz, founder of crypto merchant bank Galaxy Digital believes that Bitcoin will command a premium and will become the “digital gold” among cryptocurrencies. He has expects BTC to reach $8,000 in the medium term. Let’s analyze the charts and find out the patterns that are developing in the major cryptocurrencies. BTC/USD Unlike the altcoins, Bitcoin (BTC) is not showing a clear trend or a confirmation of a bottom. Both moving averages are flat, and the RSI is just above the midpoint, which suggests a balance between the bulls and the bears. The critical resistance to watch on the upside is the downtrend line. A break out of this can launch the BTC/USD pair towards $4,255. Above that level, a double bottom pattern will complete with a minimum target objective of $5,273.91. On the other hand, if the bears plunge the leading cryptocurrency below the support zone of $3,236.09–$3,355, the downtrend will resume. The next level to watch is $3,000, which is a psychological support. If it also breaks, the downtrend can extend to $2,600. We shall wait for the price to sustain above the downtrend line before recommending any long positions. ETH/USD After trading close…

MyEtherWallet Teams Up With Large Exchange to Offer Better Rates on Dozens of Coins

MyEtherWallet Teams Up With Large Exchange to Offer Better Rates on Dozens of Coins

A crypto wallet has relaunched its product and signed a partnership with a well-known exchange — delivering new features to its users in the process. MyEtherWallet’s collaboration with Changelly means its community can use the exchange’s multi-swap functionality. This feature opens the door to more than 100 cryptocurrencies and helps achieve better exchange rates during conversions. The technology is being included in the fifth iteration of MyEtherWallet — and since launch, the platform says it has evolved from “a geek-oriented platform to a go-to brand known for being an intuitive portal for both Ethereum beginners and natives.” Multi-swap works by automatically selecting the best crypto trade in order to get from A to B before scouring exchanges for the lowest rates. In Mew V5, the company says that users have four ways of accessing their wallets: via hardware, software, a free app known as MEWconnect or via MetaMask. A “newly reinvented wallet interface” is home to a revamped swap page, where users can access better deals when exchanging their crypto assets. It offers transparent fees and fast transactions that can complete within five to 30 minutes. Seamless exchanges While Mew heralds the collaboration as the latest milestone for the world’s first Ethereum wallet interface, the exchange believes the application of its technology will help make crypto more accessible for anyone who wants to get involved. Changelly is available here Kosala Hemachandra, co-founder and CEO of MyEtherWallet, told Cointelegraph: “The newly unveiled MEW V5 builds on our project’s ongoing focus to empower users with an easy-to-use interface for the Ethereum blockchain that does not compromise on security and anonymity. We are excited to partner with Changelly to further this goal by integrating their multi-swap function into our platform.” Meanwhile, Changelly CEO Ilya Bere added: “Ultimately, greater collaboration between blockchain market leaders is pivotal if we are to truly bring cryptocurrency to the mainstream world. Our integration into MEW V5 moves us one step closer to this and enables users to seamlessly exchange their tokens in just a few minutes.” MyEtherWallet describes its newest product as a trustless interface — one that ensures crypto users remain in complete control of their assets at all times. This is achievable because data never leaves a user’s computer or browser,…

Status Launches a ‘Tap-to-Pay’ Crypto Hardware Wallet

Status Launches a ‘Tap-to-Pay’ Crypto Hardware Wallet

Status, the ethereum messaging app and mobile browser startup, has relaunched their cryptocurrency hardware wallet under a new name: the Keycard. Developed entirely open-source, the wallet will first be distributed to interested blockchain developers for free and later sold directly from Status’ website at $29 apiece. The hardware, as highlighted by Status project lead Guy-Louis Grau, is “the exact same shape as a Visa card you have in your wallet today.” Speaking to CoinDesk, Grau added: “[Keycard] is contactless. It’s going to work with your mobile crypto wallet. You’ll just need to tap your Keycard on a mobile device to sign transactions. Functionally speaking, it’s really a hardware wallet but it works with mobile.” According to the firm, the Status Keycard is compatible with several cryptocurrencies including bitcoin, bitcoin cash, litecoin, XRP, ether and all ethereum-based ERC20 tokens. The first batch of Keycards is expected to arrive in the mail to interested parties by early March. but according to Grau. they won’t be user-facing initially. “We’re not announcing a full end customer product with Keycard,” Grau said. “We’re releasing a tool actually. That’s the way it should be seen. At this stage, it’s a tool for third-party blockchain projects that want to secure their application with a cost effective hardware wallet.” Adding that the integration of Keycard into Status software for end-users specifically will be released later this year, Grau also explained that Status, unlike most other cryptocurrency wallet manufacturers, wants to encourage people to build the card themselves. And in order to reduce the barrier to entry for blockchain projects to do so, the Keycard API – which is the codebase integrating with hardware to perform a number of different applications such as storing private keys, signing transactions, tap-to-pay, and more – runs on common, standardized technology that has been around for over 15 years. “Our software is open and runs on Java Card so if a third-party project wants to build its own Keycard, they would use our open-source software and they just need to have it run on the Java Card – which is available through hundreds of manufacturers since it’s such a common hardware,” highlighted Grau. Indeed, emphasizing that the security of any cryptocurrency hardware wallet “is tightly linked with openness,”…

Self-Proclaimed ‘Satoshi’ Responds to Billion-Dollar Bitcoin Lawsuit

Self-Proclaimed ‘Satoshi’ Responds to Billion-Dollar Bitcoin Lawsuit

The man who claims to have invented Bitcoin, Craig Wright, is being sued in Florida for roughly $10 billion or 1.1 million BTC. Last December Florida district Judge Beth Bloom denied Wright’s motion to dismiss the billion-dollar lawsuit against him. Now Wright has responded to the complaints and most of his responses assert that he lacks knowledge or information sufficient to answer the allegations. Also Read: Core Developer’s 300kb Block Proposal Bolstered in Bid to Push Lightning Adoption Wright Denies Complaints and Lacks Sufficient Knowledge to Respond Ira Kleiman, the brother of David Kleiman, who some believe may have been Satoshi Nakamoto, is suing Craig Wright because he believes his brother was manipulated and defrauded. In late 2018, Wright’s motion to dismiss the billion-dollar lawsuit against him was denied on most counts. Judge Beth Bloom from Florida granted Wright’s motion to dismiss complaints III and IV. But the self-proclaimed inventor of Bitcoin was forced to answer complaints I, II, and V-IX. Moreover, Judge Bloom explained that the lawsuit involves Florida residents, companies, and assets and the court has a strong interest in adjudicating a case that involves fraud. Following the denied dismissal, Wright had to respond and on Jan. 28, 2019 Wright’s lawyers answered the second amended complaint. Craig Wright is being sued by Ira Kleiman, the brother of David Kleiman, for roughly 1.1 million BTC. With exception to what is expressly admitted in the document, Wright denied each and every allegation in the second amended complaint. Further, by answering the complaint, Wright’s attorneys from Rivero Mestre LLP say that the defendant “does not admit the accuracy, validity, admissibility, or appropriateness of any of the exhibits to the second amended complaint.” Wright also reserved all rights and objections with respect to the exhibits, and throughout many of his answers he lacked sufficient knowledge to respond. The majority of responses to the complaints’ numbered paragraphs state: Dr. Wright lacks knowledge or information sufficient to form a belief as to the truth of the allegations. Barred and Estopped After denying much of the allegations, Wright’s defense says Ira Kleiman’s claims are basically barred by applicable statutes of limitations. In the fifth affirmative defense, Wright’s lawyers say the Kleimans accepted shares in a corporation from Wright which in turn…

From Last-Minute Will to Past Banking Problems: What Makes the QuadrigaCX Case Seem So Strange

From Last-Minute Will to Past Banking Problems: What Makes the QuadrigaCX Case Seem So Strange

For the second week, QuadrigaCX’s crisis remains one of the hottest topics in the crypto world. After the CEO of the Canadian exchange, 30-year-old Geral Cotten, suddenly died, the exchange has allegedly lost access to its cold wallets, where as much as 190 million Canadian dollars ($145 million) in digital assets were stored. The firm has since managed to obtain creditor protection in the Nova Scotia Supreme Court, which has granted it with a 30-day stay of proceedings under the Companies’ Creditors Arrangement Act (CCAA) — which will end on March 7 — to search for the missing funds. According to court filings cited by Reuters, the company is considering selling its platforms to cover its debts. While it’s still unclear what will happen once the CCAA order expires, the case itself has raised a lot of questions. Cotten had exclusive access to the cold wallets Given that QuadrigaCX was a major crypto exchange in Canada — in fact, in 2015, it became the largest in the country — its funds management was surprisingly insecure. According to the affidavit filed by Cotten’s wife, Jennifer Robertson, she learned from Alex Hanin, the chief website architect of QuadrigaCX’s website, and Aaron Mathews, the director of operations at the exchange, that her husband “took sole responsibility for the handling the funds and coins and the banking and accounting side of the business.” Therefore, Cotten was entirely accountable for the wallets and corresponding keys to $145 million in digital assets. Robertson said in the affidavit: “Quadriga keeps only a minimal amount of coins on the server [a hot wallet]. The normal procedure was that Gerry would move the majority of the coins to cold storage as a way to protect the coins from hacking or other virtual theft.” Robertson added that “despite repeated and diligent searches,” she has not been able to find the keys — or access his encrypted laptop, where they could be stored. As Taylor Monahan, ex-developer of Ethereum (ETH) wallet interface MyEtherWallet (MEW) who is now CEO of the MyCrypto project, previously told Cointelegraph that the idea of large amounts of digital assets being locked out because they were controlled by one person seems “beyond absurd”: “The fact that a person controlling millions of customer…

Iran: Still Waiting for the Blockchain Revolution

Iran: Still Waiting for the Blockchain Revolution

From Jan. 29 to 30, Tehran hosted the eighth annual conference on Electronic Banking and Payment Systems, which was promoted by the Monetary and Banking Research Institution, the research arm of the Central Bank of Iran (CBI). Among the announced topics under the theme of the “Blockchain Revolution,” it was the unveiling of the Iranian plan for a national digital currency that, as a matter of fact, remained rather vague after it was presented during the conference. In his inaugural speech, Ali Divandari — the director of the Monetary and Banking Research Institution — stressed that “the realities of blockchain technology should be accepted.” Also, many contributions from Iranian and foreign experts focused on the opportunities that fintech and blockchain could potentially open for the Iranian financial and banking industry. In fact, blockchain seems to be a thrilling topic for Iran: Before the end of the meeting, four Iranian banks announced that they have developed a gold-backed cryptocurrency called PayMon, aiming to tokenize part of their reserves. Besides, immediately after the conference, CBI stated its overall approach, favoring to recognize and to authorize cryptocurrencies, ICOs, exchanges and mining. However, in the meanwhile, the central bank reiterated that using cryptocurrencies as methods of payment inside the country is still prohibited. Therefore, the road map toward a national digital currency and the future regulation of cryptocurrencies in the country remain uncertain. For instance, Vice Governor of Information Technology for the Central Bank of Iran Naser Hakimi explained that the new policies of the CBI on the issue “are still in the queue for review […] given the many engagements that decision makers have in this regard,” expressing the hope, nevertheless, to unveil them by the end of the year. Mohammad-Javad Azari Jahromi, the minister of communications and information technology, on the other hand, stressed some of the issues that could arise in a process still managed by the state’s central government: “Blockchain’s essence is decentralized and distributed. However, the Central Bank is the centralized institution for regulating banking, so blockchain is structurally in conflict with the Central Bank. And we cannot expect the central bank to promote it, but the central bank should find its way.” As a matter of fact, the end of the January conference…

Coinbase Wallet to Feature Private Key Backup on Google Drive, iCloud

Coinbase Wallet to Feature Private Key Backup on Google Drive, iCloud

Coinbase Wallet users will soon be able to back up their private keys on personal cloud storage platforms Google Drive and Apple’s iCloud. The San Francisco-based cryptocurrency exchange announced the news in a blog post Tuesday, saying that, in case users misplace their private keys or lose devices, they can use the new feature to back up their 12-word recovery phrase to avoid losing access to funds held in the app. With cloud storage backup, users will have to only remember a password to recover their funds, Coinbase said, as the private keys would already be safely stored. For added security, the firm still recommends storing the passphrase manually after activating the cloud backup service. The backup feature is encrypted with AES-256-GCM encryption and accessible only by the Coinbase Wallet mobile app, Coinbase said. It can only be decrypted using the password. The exchange further said that neither it nor cloud service providers would be able to access to users’ passwords or funds at any time, as passwords would be in the sole possession of users. Users wanting to use the feature will have to opt in when the Wallet app gets updated in the “next few days.” Cloud backup can be enabled at any time from the Settings menu, by selecting “Recovery Phrase” and following the prompts, according to the post. Coinbase said it’s also planning to add support for other cloud platforms in the future, besides iCloud and Google Drive. The news is getting a certain amount of pushback on social media, as people raise the risks of storing vital keys on the cloud. One Twitter user said: “This is IMO good but remember 1) Cloud storage is compromised all the time, so the password matters 2) if you need to remember your password, where are you storing it? How secure is that location? How redundant?” Others offered a more cynical take. Again on Twitter, a joke poll asking if people would save their private keys in the cloud using the feature had 100 percent saying “no.” The poll was closed with two votes. Last week, Coinbase announced bitcoin support for the Wallet app on iOS and Android. Google Drive image via Shutterstock; Wallet screenshot courtesy of Coinbase 

Indonesia’s Futures Regulator Issues New Rules for Crypto Assets

Indonesia’s Futures Regulator Issues New Rules for Crypto Assets

Indonesia’s Futures Exchange Supervisory Board (Bappebti) has announced new regulations on the implementation of physical markets for crypto assets in futures trading. The rules focus on good governance for cryptocurrency tradèrs, legal certainty and consumer protection. They will also require the regulator to establish a physical market for futures trading in virtual currencies. Also read: Crypto Broker Voyager Digital Lists on Canada’s TSX Venture Exchange Indonesia Enters Early Phase of Crypto Regulation Jakarta Post, a local daily, has said Bappebti’s move signals that the Indonesian cryptocurrency industry is now entering the “early phases of regulation” from a government that has hitherto resisted attempts at recognizing crypto as a legitimate financial tool. According to the article, the new framework will also regulate all tradable crypto assets, including mechanisms for buying and selling, starting from account opening and fund saving as well as withdrawal of cryptocurrencies in both fiat and non-cash terms. Futures generally refer to financial contracts that compel the buyer to purchase an asset or the seller to sell an asset, in this case cryptocurrency, at a predetermined future date and price. For example, Hong Kong-based Coinflex exchange announced in January that it was planning to offer futures contracts for bitcoin core (BTC), bitcoin cash (BCH), and ethereum (ETH) with leverage of up to 20x beginning next month. All futures bought and sold on the exchange will be physically delivered, meaning that when the contracts expire, holders will be paid the underlying cryptocurrency instead of cash. Not all futures are physically delivered, but the concept is broadly still the same.  Other exchanges such as Intercontinental Exchange Inc., which owns the New York Stock Exchange, and Chicago-based Eris Exchange have also revealed plans to introduce physically delivered futures for BTC. ‘Minimum Capital Thresholds Too High’ In Indonesia, Bappebti, which operates under the Ministry of Trade, proposed a funding framework for operators of futures exchanges that local industry participants regard as very high. Under Article 24 of the new regulations, a physical trader of crypto assets is required to transfer 100 billion rupiah (about $7.13 million) to their accounts. At least 80 billion rupiah of that amount must be kept as a deposit, Jakarta Post reported. Another section of the regulations indicates that “to be approved as a facilitator…

Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

Turkish Police Arrest 24 Suspects Involved in Hacking Crypto Firm, Local Media Reports

Turkish police have arrested 24 people allegedly involved in a 13 million Turkish lira ($2.47 million) hack from an unnamed crypto firm in Istanbul, local government-backed media Daily Sabah reported on Feb. 12. Following a report of an alleged hack from a crypto-related company in Istanbul, the city police’s Cybercrime Department found that that stolen money was moved out directly from hacked accounts to accounts on other exchanges. The money was reportedly stolen in major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Turkish police further launched an operation to track the suspects, and discovered that the suspected individuals were communicating through popular online multiplayer battle royale game PlayerUnknown’s Battlegrounds (PUBG). According to the report, the police raids were carried out in eight Turkish provinces, including Istanbul, Ankara, Izmir, Afyonkarahisar, Bursa, Edirne, Bolu and Antalya. As a result of the operations, the police have seized 54,000 TRY or around $10,000 in cash and 1.3 million lira worth of cryptocurrency (around $246,000). 22 suspects were reportedly referred to the Istanbul Courthouse in Çağlayan, while the other two were released by prosecutors after their legal procedures were finished at the police station. Eventually, six of the suspects were arrested by the court, with 16 suspects released under judicial control. Earlier today, the New Zealand Police have reported that recently hacked crypto exchange Cryptopia was ready to be relaunched and resume operations, while the exchange’s website was still offline with its social media also dormant. At the beginning of the month, a 20-year-old American pleaded guilty to the theft of $5 million in cryptocurrency from 40 victims through SIM swapping, and accepted a plea deal of 10 years in prison.

Nasdaq to Add Brave New Coin Bitcoin and Ethereum Indices This Month

Nasdaq to Add Brave New Coin Bitcoin and Ethereum Indices This Month

Nasdaq will launch two new indices tracking cryptocurrency prices on Feb. 25, the company announced in an update to its website on Feb. 12. The indices — the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) — will offer real-time price updates in thirty-second intervals for clients using NASDAQ’s Global Index Data Service (GIDS). BLX and ELX are the product of United States blockchain and crypto asset market data company Brave New Coin. “(BLX and ELX) are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets,” Nasdaq explains, adding: “Both indices are calculated using a methodology that has been independently audited against key IOSCO principles.” Nasdaq has taken an increasingly hands-on approach to cryptocurrency-related products and services, particularly over the past year. In September, the company began looking into adding crypto data sets to its market analytics suite after considerable demand. Later, it emerged its own Bitcoin futures would launch some time in the first half of 2019. In January, CEO Adena Friedman went on record to state her belief that Bitcoin could become a major world currency in future.