Coinbase Settles Bitcoin Theft Case out of court

Alphabit Liam Robertson, a digital asset fund manager, lost his million dollars’ worth Bitcoin in an email phishing attack. This happened after Liam has agreed to invest 100 Bitcoins to an algorithmic trading fund. But unfortunately, before he could invest the amount to the fund, the hackers tricked him into sending those Bitcoins as per their chosen wallet address. A blockchain investigation over the case revealed that the hackers then transferred his 80 Bitcoins to Coinbase, which is the US cryptocurrency exchange having its wing in the UK. It also discovered that the hackers also transferred 15 Bitcoins to the LocalBitcoins and five more Bitcoins to an offline wallet. At that time, Bitcoin was trading at around $11,000 which means the net worth of the stolen Bitcoins was around $1.1 Million.

Following this, Robertson had filed a case and the legal dispute between Coinbase UK and Liam Robertson went on for two long months. After that Coinbase UK has struck a deal to discontinue the legal dispute and agreed to reach out for a settlement out of court.

Robertson subsequently was granted an asset prevention order in August which prohibited Coinbase UK from transferring the Bitcoins that were stolen. He was also granted a Bankers Order Trust that allowed Coinbase UK to disclose the controller of the wallet holding the 80 Bitcoins without flouting the confidentiality agreement.

The verdict given in this case, Roberts Vs Unknown Persons would help future proceedings in the Cryptocurrency matters in the UK. This also established whether Bitcoin can be considered as legal property. The verdict could also help victims of cryptocurrency theft.

As per Investopedia, around 13% of the cryptocurrency theft cases reported are through phishing emails. Around $47 million Bitcoins were stolen through phishing mail attacks.

Huge Success Coming Up For the Crypto Startup, Elliptic

For a startup company, it is an unimaginable success that made headlines. Elliptic, a Crypto startup platform which is based in London, sells blockchain analytic tools to some of the big names in the Cryptocurrency platforms. It primarily deals with issues like terrorist funding, child pornography, and illicit drugs rackets. While doing so, it sensed something unusual going on in the stock markets and was all set to combat this cryptocurrency issue. This incident shows how robust the crypto technology of the Company can be in the coming future when it can succeed in combating issues like this in its budding phase itself.

According to James Smith, the CEO, and co-founder of Elliptic, the corporate was able to gauge that some Bitcoin laundering was taking place in the Stock Market, but due to lack of proof Elliptic could not find the actual masterminds in the case. It had long warned the customers about this unusual happening taking place in the stock market. He said in one event that took place in the New York City that they were able to gauge that the funds were being exchanged for terrorist activities and they had already spotted then and successfully withheld its further progressions.

The news made headlines when Elliptic found out that a terrorist organization called Al-Qassam Brigades, which is also the military wing of Hamas, was illegally raising Bitcoins through a donation website opened to receive donations from each customer whoever visited their website. As they were using different addresses for different customers, it took a considerable amount of time for the Crypto startup company to find out the Bitcoin laundering masterminds.

On Wednesday, the agency made the final announcement over a telephonic interview with CNBC that it had managed to raise an amount of $23 million from a funding spherical, which was led by one of the SBI Holdings of Japan, which was all set to make a belligerent expansion into the Asian subcontinents. Previously, SBI had also made headlines for service spinning from Softbank which came into the forefront due to partnerships with Ripple and R3 like blockchain Companies.

Alibaba Created World Record By Securing an AI Patent in Just 3 Months

It is a truly incredible achievement for Alibaba- China’s biggest e-commerce platform, to secure the AI patent in such a short period. Where it takes more than 2 to 4 years and endless efforts to obtain such a patent, Alibaba has broken all records by obtaining it in such a record time of 3 months. On Wednesday, August 28, IPOS or The intellectual Property Office of Singapore has announced that the patent was granted to the Company under the wing of an Accelerated initiative for AI.

This encourages the AI innovators to bring in their innovative inventions to the forefront globally. Singapore paves the way for cutting-edge technologies, thereby bolstering its position as the IP hub. The technological advancements all around the world have compelled the Companies to think over implying AI in all the sectors. As a result, the number of AI patents being filed each year has grown exponentially. During 2008 to 2017, around 1,80,000 AI inventions were published. Alibaba’s success has also encouraged many innovators to come forward with their inventions.

IPOS is also set to sign 6 MOUs (Memorandum of understanding) with various stakeholders all across the world to connect Singapore to other innovation communities by making Singapore a gateway to the international markets. Singapore has already begun focusing on AI innovations and technologies and has been making serious endowments to grab international markets.

Singapore is also up for prioritizing patent applications for emerging technologies like Cybersecurity, FinTech, and Robotics by collaborating with eight other Asean IP hubs. Benjamim Bai, the Vice president and the chief IP counsel for Alibaba group quoted saying that the patent is of crucial importance given the pace at which the Companies are prioritizing on implementing AI. This expedition will enable the innovators to commercialize their AI technologies at a much faster speed.

DigiByte (DGB) Price Analysis: Will DGB Continue This Favorable Price Trend?

ALT: Will The Price Trend Continue In Favor Of DGB?

MD: DGB seems to have put behind the worst days of the bear run in the month of July and moved on in a slow and steady manner.

  • DigiByte is showing slow and steady recovery in price in the upward range over the past week

DigiByte (DGB) is a decentralized cryptocurrency on the blockchain platform fast becoming the world’s longest, fastest and most secure UTXO blockchain. The coin has been under a lot of pressure from the bears since the month of July when the bear volatility had set in, in the crypto market. The prices have seemed to have settled a little and showing some stability in the upper range over the past week. The seven-day price chart hovers in the range of $0.0086 – $0.01.

Latest Statistics of DigiByte:

As on August 27, 2019, at 5:53:25 UTC, current statistics are as below:

  • Current market price of DGB is $0.0092
  • Current rank is 54
  • Current market cap is around $106,699,912
  • 24 h volume is at $2,402,080
  • ROI is at a 487.73%
  • Circulating supply is at a 12,193,950,107 DGB

DGB to USD Price Comparison:

The price seems to be showing some stability in the case of DGB over the past week. On Aug 21, the price of DGB was $0.0087. It went up to $0.01 on the same day within 10h 10m to the extent of 14.45%. On Aug 22 in 12h 5m, the price fell to $0.0086 to the tune of 13.69%, but within 14h 15m on the same day, the price of DGB rallied to 15.72%. The rally was short lived as the price fell to $0.0092 on Aug 24 to the extent of 7.67%. Today the price is also at $0.0092 which shows a flattish variation in price of DGB.

DigiByte Price Prediction:

DGB is slowly coming out of the bearish mode, which it was in since the beginning of July. The past few days have brought some hope for the DGB community with the prices trying to consolidate their positions above the baseline. Experts feel the time is now right for DGB to surge ahead though the recovery would be a slow one but still a fruitful one and expect a year-end target price of around $0.02.

Conclusion:

Long term investors can keep holding on to their investments, which would give better returns in the long term. Short term and day traders can start resume their investments though with a cautious outlook.

Samsung-Backed Blockchain Startup, Blockco, Raises $7.5M from Series B Funding

The cumulative investments made on Blockco leaped slightly over $25B, since its advent in December 2014.

South Korea is undoubtedly among the leading countries to have rapidly adopted blockchain technology. And one of its most instrumental participants is tech giant Samsung SDS-backed blockchain specialized technology company, Blockco. Since 2014, the company has been providing an optimized blockchain platform for enterprises and government.

On Thursday, Aug. 22, Blockco announced to have raised 9 billion won (~$7.5 million) in a Series B funding round participated by major local banks. The South Korea-based startup made the announcement of the investment on their official blog.

The funding round involved the country’s oldest bank, Shinhan Bank, and its largest foreign exchange bank, Korea Exchange Bank, also known as KEB Hana Bank. In addition, healthcare-focused venture capital firm, LB Investment (formerly Nexon’s firm), and Big Hit Entertainment, the venture arm of Seoul-based entertainment startup Dadam Game, have also supported the investment. This is going to be their very first investment in the blockchain technology sector.

Kim Won-Beom, the founder of Blockco, said, “We have transformed blockchain-based services across large corporations, financial institutions, public institutions, and domestic and international companies.”

Back in 2015, Blockco had established a blockchain-as-a-service platform called Coinstack, and recently in 2018, it launched its blockchain protocol, Aergo mainnet that aids over ten companies, including Korea Exchange, Shinhan Financial Group and Hyundai Motor Group. Also, in 2017, Blockco participated in the development of the blockchain system NexLedger, in a collaboration with Samsung and Amazon Web Services. Nexledger–a permissioned blockchain system–helps to provide an integrated solution for cost-efficient management of digital financial transactions and data exchange.

Kim Sung-Hyun, an investment auditor at LB Investment, said, “The enterprise IT market has a high market potential for the best use of blockchain technology. Blockco has been selected as the first investment company in the blockchain sector because of its success in building an open-source ecosystem based on Aergo.”

Aergo’s CEO, Phil Zamani, identifies the biggest beneficiaries of Blockco’s solution as those companies that are currently facing the ‘silo effect’ while sharing data with third-parties securely.

“Our blockchain solution lets companies leverage a hybrid 2-layer architecture that uses a public chain for secure settlement, allowing companies to share data with each other securely,” he said. This, essentially, creates new revenue streams, business models along with cost reductions for all kinds of organizations.

Zamani also shared Blockco’s plans to launch its network by Q2 of 2019 and to have its full product line-up (the AERGO Hub, Horde, and Marketplace) out by the end of this year. The company’s roadmap includes the development of various blockchain-based solutions that can be utilized in the smart grid field.

Verge (XVG) Price Analysis: Will Bears Continue to Put Pressure on XVG Price?

ALT: Will XVG Continue To Reel Under Bear Pressure?

MD: Verge has not been able to recover from the bearish mode of last week and the price has further declined.

  • Verge (XVG) price is still continually reeling under the bear pressure

Verge (XVG) crypto has been a highly investor friendly coin but its price has been bitten by the bear bug in the current crypto market volatility since early July. The bears are still ruling the crypto currency space as can be seen from the 5-day price chart for Verge, which shows the price continually on the decline with price variations being in the range of $ 0.0055 – $ 0.0066.

Latest Statistics

As on July 30, 2019 at 5:22:37 UTC, current statistics is as below:

  • Current market price of XVG is $ 0.0056
  • Current rank is 71
  • Current market cap is around $ 88,946,624 
  • 24 h volume is at $ 741,454 
  • ROI is at a massive > 9000 % and Circulating supply is a healthy 15,850,877,549 XVG

Price Comparison

The price of XVG is still trying hard to recover from the bear onslaught which has continually pushed the price downwards. On July 25, the price of XVG was at $ 0.0057. In a matter of 1d 25m on July 26, the price showed a good rally at $ 0.0066, upward movement being to the tune of 15.36%. From here the price went on a downhill with the bears ruling the market. On July 27, in a matter of 15h 10m the price slid to $ 0.0057, downward slide was to the extent of 13.40%. The price further went down on July 27 in 1d 10h 45m to $ 0.0055, to the extent of 2.87%. Today the price has slightly recovered to 0.0056, which is a very negligible increase of 1.82%. The chart shows that the bears are not letting XVG recover and stabilize its position.

Verge’s Price Prediction:

Verge investors are in a quandary as to where the price is headed in the current crypto market volatility. The bears are continually pushing the price downwards since late last week. Before that, there was a slight hope of a bull resurgence but now that hope has been quashed with bears ruling. Analysts expect this trend to continue for the short run but expect Verge to recover by the year end and have kept the target of Verge at $ 0.01.

Conclusion:

Investors with a long-term outlook can still go ahead and invest. Short-term investors will have to exercise tremendous caution in this current market volatility.

EOS Price Analysis: EOS prices seem to rise upwards, will it maintain the same momentum

Let us look at the price comparison of EOS since 20-July-19 till date. The coin was at the level of $3.98 on 20-July-19 at 01:25 UTC time. For the next two days, the coin did manage to rise however started falling again and reached the level of $3.96 on 22-July-19 at 17:20 UTC time. Post 22-July-19 it has slowly started to gain some momentum and managed to reach as high as $4.66 today at 00:30 UTC time. It has fallen marginally and at present is reflecting signs of moving upwards.

EOS price comparison is as mentioned below:

Current Data of EOS:

  • EOS is at present ranked at number 7.
  • As per 06:34 UTC time today, market value of the coin was 4,200,666,229 USD.
  • Price of EOS is $4.58 at 06:47 UTC time.
  • 24-hour volume figures are $2,804,322,526
  • 924,643,166 EOS coins in circulation.
  • EOS offers a ROI of 340.84%.

EOS Price Comparison and Future prediction:

Comparing the price of the coin since its lowest value of $3.98 and the current prices, the coin at present is reflecting a bullish trend by 15%.

After a day’s time, EOS may reach $4.59 and after about a month’s time EOS can touch $4.68 with a marginal increase of around 1.96%. By the end of this year, EOS will reach greater heights and touch up to $5.46 with 18% growth.

Conclusion:

As per the present trend, advisable to sell the existing EOS coins today. Trading on short term basis might not be that profitable. You may also purchase new coins after a couple of days’ time and if you are able to retain the same for minimum of 2 and more years, it will prove to be very beneficial. The MACD indicator points out that the coin is gradually trying to move upwards. The coin has been overbought and oversold as well over the past 5 days. It may be on the verge of being overbought today as per the RSI indicator. EOS has managed to show a 15% growth over the past 5 days which is quite good. The coin has huge potential and will be a good investment option in the long run for investors.

Monero Is Making Its Way in The Right Direction Again

Meta description

XMR is again back to the bullish trend from the aggravating bearish trend zone. It is still up but holding on to the same line is a tough challenge for XMR.

Main Article:

The market condition has no improvement yet, but as fluctuations are inevitable in the price trend of cryptocurrencies, the same picture is noticeable in the case of Monero coin too. It had aggravated too deep in the bearish zone from where it picked up its momentum and is currently trading in the uptrend.

Monero Price Analysis & Future Forecast:

From the 1-day Monero chart, it is evident that XMR has made a good turnaround within 24 hours only. Although, this picture will not be the same in the upcoming days as of the high volatility of the crypto market. Yesterday only, Monero coin got trade at 80.156 USD, but today, it rose to a peak of 85.098 USD. Its momentum towards the upward trend is currently steady. The pivot value for XMR coin is 81.64. Based on that, its first resistance is 87.95 USD. Accordingly, its support level is 77.77. Based on its resistance, it is understandable that it is on its way to cross this value if the market condition permits.

Thus, it is seen that currently Monero coin is trading higher, but the market condition still very unfavorable, it can make the same drown at any time. It is better to be vigilant regarding Monero’s price trend. One should not consider any sort of investment currently on XMR.