Forex & Crypto & Fintech News

The project creates a decentralized cryptocurrency investment community with support from AI and blockchain technologies. Investment banking has been growing steadily over the past century to claim the top spot in the financial universe. Goldman Sachs, Morgan Stanley, JP Morgan, Bank of America, Merrill Lynch, and other big names of the industry have seized the control over multi-billion dollar investment flows as their vast resources allow them to dominate the money allocation process worldwide. The global financial crisis triggered by Lehman Brothers’ collapse in 2008 made it clear that such "too big to fail" titans pursue only their own interests, forcing investors and taxpayers all over the world to suffer the consequences of corporate greed. Restrictions implemented by regulators in the aftermath of the global crisis have improved the security of the market. However, they have also made asset management less efficient and profitable as smaller private funds have m...

As Coincheck pays out at a pre-agreed price, re-buying XEM at a lower price became a viable option. Traders that lost their  NEM (XEM)  coins in the  Coincheck  wallet hack may have their cake and eat it, too, as the payouts for losses began. The agreed price of $0.81 per XEM was lower than the market price at the time of the hack. But now that markets have slid, re-buying the digital asset and even having a profit is becoming a viable possibility. For now, the start of widespread compensations for the lost XEM may be protracted due to investigations - but the coin will probably not return to that price range in the near future. Funds would most probably get returned in the new week, and XEM trading may resume soon, potentially boosting the price. The NEM market price held up in the past day as the markets slid, hovering around $0.34. The price is still 14% down compared to last week, and seems set to continue the downward trend. Yet buying may return for thi...

Weeks after the acquisition news, Poloniex announced a planned maintenance, which sparked rumors of a hack. Poloniex, one of the most active exchanges, further wrecked the moods on the crypto markets after a recently announced planned maintenance took longer than expected. Just like the recent  Binance   maintenance , the case of Poloniex once again triggered rumors of a potential hack, underlining the fact that exchanges remain one of the most vulnerable spots on the crypto market. Yet even before the maintenance, Poloniex saw withdrawal issues. And a few days ago, the exchange warned of phishing attempts to steal credentials via a faked app: "We've been made aware of false reports coming from the creator of an impostor Poloniex app that the Poloniex platform has been compromised. Please note, the Poloniex platform has NOT been compromised and there is NOT a Poloniex app." At the moment, Poloniex has seen its weight on the markets dwindle as new exchanges hand...

BTC/USD chart is showing a possible double top pattern, which, if it completes, could result in BTC dropping down to $7,000. Bitcoin’s price chart shows a double top after failing to breach $12,000 for the second time. This bearish signal is a strong indicator of an imminent fall if it continues to break down past the $9300 support.   What is the Double Top trading pattern A double top pattern is a strong indication of when an asset’s price trend is likely to reverse. It is typically characterised by (A) a strong bullish uptrend that fails to breach a resistance and falls down to a support level (B), after which it attempts to retest the previous resistance (C) and fails once again, heading back to the point where the first bullish uptrend started (D). The emergence of this pattern represents a lack of momentum in Bitcoin where the coin’s supply is currently outweighing its demand. Why is Bitcoin sliding? Recent news surrounding a potential  Binance hack  ...

A new piece of crypto mining malware zeroes in on other pieces of malware, killing them off much like viruses that compete with each other for resources. The alert  was posted on the SANS Internet Storm Center security forums. “The purpose is to download and execute a crypto miner but the code also implements a detection mechanism to find other miners, security tools or greedy processes (in terms of CPU cycles). Indeed, crypto miners make intensive use of your CPUs and more CPU resources they can (ab)use, more money will be generated,” Mertens wrote. He added that “the fight for CPU cycles started,” noting that this particular software kills off whatever other malware could be competing with it for resources. In essence, the mechanism is simple. The malware just needs to scan for a process called “AMDDriver64”, which is often used by miners. It is not enough to kill that particular process, though. Instead of just mining along, it continues to scan the system for other...

Prices for MIOTA are at a crossroads as trading volumes dwindle and the price stagnates or slides. The market prices of IOTA (MIOTA) hovered around $1.89 as trading volumes dwindled to around 2,000 BTC or $24 million in 24 hours. The digital asset which boomed in December is having a decisive moment, as news of partnerships and support from leading corporations clash with criticism from within the crypto community, as well as from traders and academics.   In terms of trading, this may mean MIOTA will probably not be able to produce another bout of phenomenal returns so soon after the December spike, and is slowly unraveling from the peaks at $5.30.   Possibly weeks away from releasing a wallet, the IOTA project continues to be attacked for not being a viable solution to serving a hypothetical Internet of Things network. Reddit users are becoming uneasy about the ambiguous developments around IOTA, and the general silence about where the project is really going in terms...

Quebec expresses lack of interest in providing cheap power to Bitcoin miners, bringing its status as a potential hub for crypto mining under doubt. Despite being touted as the next potential haven for Bitcoin mining, following the crackdown in China, Quebec is starting to seem like a less likely option after its government expressed unwillingness to provide cheap electricity to miners. As per a report by  Bloomberg , the Quebec government – which owns utility Hydro-Quebec – expressed its doubts over the alleged lack of any actual contribution by Bitcoin miners to the province’s economy and society. Speaking at a conference in Montreal last week, Quebec Premier Philippe Couillard said: “If you want to come settle here, plug in your servers and do Bitcoin mining, we’re not really interested. There needs to be added value for our society; just having servers to do transaction mining and acquire new Bitcoins, I don’t see the added value.” Couillard’s statement raises uncert...