Bitcoin Trading Volume Tops $11 Billion For First Time In Nearly a Year

Daily trading volume for the world’s largest cryptocurrency bitcoin exceeded $11 billion Friday, the most observed in a 24-hour period since April 25 of last year. At that time, the average price of bitcoin was $8,845, while today the crypto asset is listed for less than half the price, currently trading at $3,951 as per CoinMarketCap. However, the return in volume is potentially a sign investors aren’t losing interest in bitcoin despite the less than favorable market conditions. Interestingly, the amount of bitcoin trade volume had closely aligned with it’s…

Google Deletes Crypto Malware Targeting Blockchain.com, MyEtherWallet Users

A Google Chrome browser extension tricking users into participating in a fake airdrop from cryptocurrency exchange Huobi claimed over 200 victims, a security researcher reported in a blog post on March 14. The extension for Chrome web browser, with the name NoCoin, gained 230 downloads before Google deleted it, according to Harry Denley, who runs cryptocurrency scam database EtherscamDB. Denley noted that hackers had purposely disguised the malicious extension to look like a tool protecting users from cryptocurrency malware or so-called cryptojacking. “From the start, it looked like it did…

Yacht Owners Offered Crypto for Geo-Data as Company Tries to Improve Navigation Systems

A crypto company that bills itself as “the future of yachting navigation” says its technology enables sailors to mine tokens as they sail. BoatPilot offers a free marine navigation service that is geared toward private and commercial yachting markets. The firm describes itself as a blend of Google Maps and TripAdvisor, as it offers up-to-date and relevant data and a comprehensive database of user-generated photos, routes and comments that have been verified by the yachting community. Augmented reality (AR) support also means that the data that the skippers need can be…

Stellar Foundation Appoints Former Mozilla COO as CEO and Executive Director

The Stellar Development Foundation announced the appointment of former chief operating officer at IT non-profit Mozilla, Denelle Dixon, as its new CEO and executive director. The company announced the event via a press release published on March 14. The current executive director and co-founder of the foundation, Jed McCaleb, will now focus on the network protocol and adoption strategy as chief architect. Per the press release, during her work at Mozilla, Dixon reportedly led the company’s fight for net neutrality and control over personal data. McCaleb commented in the press…

Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee

Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months. In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price rebound in December — now claimed August could see a market U-turn. “I think the key number to watch is the 200-day moving average,” he told the network, continuing: “If Bitcoin holds above $4,000,…

IBM Hints at Stablecoin Cross-Border Payments Solution for Financial Institutions

The head of blockchain solutions for IBM, Jesse Lund, has hinted that bank-targeted stablecoins will be a major forthcoming development for the tech giant’s blockchain-powered cross-border payments solution. Lund made his remarks during an interview on financial news channel Cheddar on March 15. While more details are set to be imminently announced next week, Lund told Cheddar that “market demand” is driving IBM to develop a stablecoin solution for financial institutions. “More than a few banks around the world […] see tremendous business benefit to issue stablecoins in their native…

Strong Bitcoin Volumes Bode Well for Price Breakout

View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. Trading volumes have been strong since the corrective rally kicked off in early February, so a range breakdown looks unlikely. Prices could first see a drop below $3,865 (March 12 low) due to the extended consolidation. That said, the short-term outlook would turn bearish…

Canada Proposes Regulatory Framework for Cryptocurrency Exchanges

Canadian financial regulatory authorities are considering putting in place rules for cryptocurrency exchanges in the country. The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) published a consultation paper on Thursday, seeking input from the fintech community on how regulatory requirements can be developed for cryptocurrency platforms. “The emergence of digital and crypto assets continues to be a growing area of interest,” said Andrew J. Kriegler, president and CEO of the IIROC in a separate statement on Thursday, adding: “We must adapt to innovation, and provide…

Bitfury Brings Lightning Payments to US Payment Gateway HadePay

Bitcoin (BTC) mining and development company Bitfury has entered into a partnership with United States payments processor startup HadePay to allow its merchants to accept Lightning Network (LN) transactions. The news was announced in a blog post from Bitfury’s on March 14. HadePay implemented Bitfury’s Lightning Peach API to facilitate LN payments, which are significantly faster and cheaper than conventional Bitcoin transactions. The startup worked with Bitfury’s Lightning Peach team, a dedicated spin-off group of engineers focused on Lightning Network promotion. As a payments gateway, HadePay already lets clients accept…

Japanese Court Finds Ex-Mt. Gox CEO Guilty of Record Tampering

Mark Karpeles — the former CEO of the now-defunct Bitcoin (BTC) exchange Mt. Gox — has received a suspended jail sentence after being found guilty of tampering with financial records. The news was reported by Bloomberg on March 15. The Tokyo District Court has reportedly found Karpeles guilty of mixing his personal finances with those of the exchange in order to conceal the platform’s losses to hackers. He received a two and a half years jail sentence, which he will not have to serve unless he commits another offence within…