Regulator Warns of Online Scam Claiming Gov’t Adoption of Crypto

The Monetary Authority of Singapore (MAS) has warned the public against an alleged scam claiming that a cryptocurrency is officially adopted by the government, according to an official statement on Jan. 29. MAS, which is both Singapore’s central bank and the country’s financial regulator, writes that the fraudulent scheme is being spread through websites that offer crypto investment using false data attributed to the government. The fraudulent websites reportedly claim that Singapore is adopting a cryptocurrency as its official coin, and ask users to provide personal and financial data to…

Tron Price Analysis: TRX May Be a Security, CEO Fuels Rumors

Tron prices bullish, up four percent from last week’s close Thomas Schultz of ChaChing wallet warned to “stay away” from Tron Transaction volumes low, price bullish Hours after BTT ICO, Thomas Schultz now claims he has been warned by an “SEC Insider” to wade clear off Tron. Unless verified, this will be another attempt of FUD in an otherwise robust asset. Our TRX/USD trade plan is valid as long as TRX prices trend above 2.5 cents. Tron Price Analysis Fundamentals Nothing has been substantiated, but rumor has it that TRX…

TokenSoft Launches Crypto Custody Service for Security Tokens

TokenSoft is rolling out what it describes as the first cold-storage custody service designed specifically for security tokens. The company, which also helps other firms run legally-compliant token sales and has invested in a broker-dealer, is launching a beta version of the wallet to all of its existing and future customers today. Known as Knox (after the U.S. Army post where gold is held), it allows enterprises to maintain a multi-signature, self-custody system for different cryptocurrencies, as well as digital securities. “It provides the highest level of security when it comes…

Phishing Scam Hits LocalBitcoins, Clients Lose Funds

On January 26, 2019, clients of peer-to-peer bitcoin trading service LocalBitcoins were the targets of a phishing scam which resulted in the theft of a handful of bitcoins. The Scam’s Operation Reports claimed that the attacker was able to conduct the scam thanks to a security vulnerability on the LocalBitcoins platform. The landing page of the site’s forum reportedly was hacked, leading clients to a phishing site. The phishing site was designed to carefully mimic the features of the actual LocalBitcoins landing page. Once on it, users were prompted to…

XRP Benefiting From SWIFT–Corda Trial

Ripple price surge 10 percent SWIFT GPI Link proof of concept with R3’s Corda Transactional volumes picking up, spikes above averages SBI Holdings may be behind an audacious plan of integrating SWIFT GPI with RippleNet via R3’s Corda Settler. The latter use XRP, and if that is the case, our previous XRP/USD trade assertions will be valid. With a 10 percent spike, it is likely that XRP could retest 80 cents. Ripple Price Analysis Fundamentals Good news for Ripple and XRP. SWIFT, the global payment messenger platform, is in a…

Bitcoin Approaches $3,500 as Top Cryptos See Growth

Wednesday, Jan. 30 — nearly all of the top 20 cryptocurrencies are reporting moderate to notable gains on the day at press time. Bitcoin (BTC) is approaching $3,500 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is up over 1 percent on the day, trading at around $3,474, according to Cointelegraph’s price index. Looking at its weekly chart, the current price is lower than $3,612, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) has gained over 10 percent in…

Japanese Finance Giant SBI Holdings, Blockchain Firm R3 Officially Announce Joint Venture

Japanese financial services company SBI Holdings has officially announced a joint agreement with the United States blockchain consortium R3 to work in Japan, according to a press release published on Jan. 29. Back in December, SBI Holdings had already revealed its plans — according to an interview with R3’s CEO — to partner with software enterprise R3 to develop local use of its Corda blockchain platform, Cointelegraph reported on Dec. 6. Yesterday’s press release was an official announcement of the partnership. SBI Holdings and R3’s joint agreement aims to promote…

SWIFT CEO Reveals Plans to Launch PoC Gateway With Blockchain Consortium R3 Tech

This article has been updated to reflect the breaking news events. Major global banking payments network SWIFT has revealed it plans to launch a Proof-of-Concept (PoC) of a gateway — dubbed GPI Link — that will allow enterprise blockchain software firm R3 to link to GPI (Global Payments Innovation) payments from their platform. Speaking at the Paris Fintech Forum on Jan. 30, CEO Gottfried Leibbrandt said SWIFT would be formally announcing its plans for a Proof-of-Concept (PoC) with R3 later today. Leibbrandt was speaking for the first time in a joint…

Iran Reportedly in Talks With 8 Countries to Use Crypto Transactions

Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports on Monday, Jan. 28. According to the article, Iran has already entered negotiations with Switzerland, South Africa, France, the United Kingdom, Russia, Austria, Germany and Bosnia, and the countries have reportedly visited Iran to discuss the matter. It was not immediately clear whether the news concerns the national cryptocurrency that Iran is allegedly set to launch vin the near future. However, the article notes that the talks on crypto transactions…

AMD Q4 Financial Report Sees Income Dip, Executives Show No Signs Of Panic

United States transnational IT company Advanced Micro Devices (AMD) released its Q4 revenue report on Jan. 29, broadly conforming to analysts’ fears of a continued slowdown. AMD, which like other graphics hardware manufacturers has suffered due to the cryptocurrency bear market, produced quarter-on-quarter revenue losses of 14 percent. Its gross margin was down 2 percent versus Q3, while its net income fell from $122 million to just $38 million. As Cointelegraph reported, investors had previously warned about possible losses for AMD prior to the report’s release, arguing that the lasting…