Huobi Lira Onramp to Enable Crypto Trading for Turkish Users

Singapore-based crypto exchange Huobi will launch a fiat gateway for the Turkish lira in late 2019. Huobi’s fiat onramp for lira will be the first fiat gateway launched by a global exchange, Huobi Global claimed during the opening event at the Eurasia Blockchain Summit on Oct. 18. During the inaugural event hosted by Huobi Global, the company also revealed more information about its expansion into Turkey. Specifically, Huobi unveiled the successful establishment of a local team, localized language option, mobile application, exclusive trading fees as well as a detailed strategy…

Digital Securities Exchange Taps R3’s Blockchain for Post-Trade Activities

Digital securities startup Archax has inked a deal to use blockchain firm R3’s Corda Enterprise solution for handling post-trade activities on its exchange. Revealed Friday, Corda Enterprise was chosen for mopping up trades using distributed ledger technology to “reduce friction in the post-trade process.” Post-trade activities normally include the changing of ownership records, transfer of securities and cash to settle the trade, and reporting. Based in London and founded in 2018, Archax’s front-end trade activities will remain “blockchain agnostic,” the firm said, but a private, permissioned version of Corda was needed for…

Bitcoin Has Already Reached 40% of Average Fiat Currency Lifespan

Bitcoin (BTC) may only be ten years old, but it is about to match half the lifespan of the average fiat currency — while actually increasing in value. Average fiat dies in 27 years As Bitcoin statistician and commentator Willy Woo noted on Oct. 18, the largest cryptocurrency has been around 40% as long as the average government-issued currency. Woo was referencing a 2018 study by DollarDaze. Out of 775 fiat currencies past and present, researchers concluded the average lifespan is just 27 years. The longest-living fiat currency, the British…

Raiffeisen Among 18 Banks in First Global Tokenized Collateral Trial

Twenty-eight organizations including Raiffeisen and 17 other banks have participated in the successful completion of the Ivno Global Tokenized Collateral Trial. This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure, as reported on Oct. 17. Efficiencies in tokenized collateral The trial, conducted by London-based Ivno, saw the participating organizations create $18 billion of Trial Tokens, and transfer them through the Ivno network. This was a live demonstration of how mobile collateral tokens can be used for instant settlement, collateral management and effective cash…

Fake Tor Browser Steals Bitcoin From Darknet Users, Warns ESET

Major antivirus software supplier ESET has discovered a trojanized Tor Browser designed to steal Bitcoin (BTC) from buyers in the darknet. Fake browser distributed via 2 websites Targeting users in Russia, the fake Tor Browser was distributed via two websites and has been stealing crypto from darknet shoppers by swapping the original crypto addresses since 2017, ESET’s editorial division WeLiveSecurity reported Oct. 18. Created back in 2014, the two fake Tor Browser websites — tor-browser[.]org and torproect[.]org — are mimicking the real website of the anonymous browser, torproject.org.  According to…

Fake Tor Browser Has Been Spying, Stealing Bitcoin ‘For Years’

Hackers have been distributing a compromised version of the official Tor Browser that’s packed with malicious tools used to both spy on users and steal their bitcoin. Discovered by researchers at IT security firm ESET, the trojanized Tor has apparently resulted in a relatively small amount of bitcoin being lost to date, with funds taken by address swapping when users try to pay on dark net markets. In an announcement emailed to CoinDesk on Friday, ESET’s senior malware researcher, Anton Cherepanov, said the research had identified three bitcoin wallets used by the hackers…

What to Make of the SEC’s Latest Bitcoin ETF Rejection

The Takeaway: The SEC rejected the latest bitcoin ETF proposal last week, though it wasn’t entirely unexpected. The decision clarified the SEC’s concerns, which mainly revolve around market manipulation. Legal experts say a bitcoin ETF could be years away – because, in the eyes of regulators, the bitcoin market is too small and immature to support a fund right now. The SEC suggested that a surveillance-sharing agreement between a regulated exchange and a bitcoin market of “significant” size might help allay its unease. Bitwise and others see this as an…

Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X

Binance’s futures platform is increasing maximum leverage and margin on Bitcoin (BTC)/Tether (USDT) contracts to 125x, according to a press release shared with Cointelegraph on Oct. 18. Support for the contracts went live at 9:00 am UTC, with traders able to select 1x-125x leverage, with large positions adjusting to lower leverage allowed. As the press release notes: “At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.” Balancing risk with efficiency According to BInance, highly leveraged trading is being introduced…

Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said. Pan: Privacy is Bitcoin’s “real problem” In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested privacy should form an essential focus for Bitcoin development. “The real problem with Bitcoin may be privacy. There is no other big question if the privacy issue is solved,” he summarized. Pan was commenting as cryptocurrency-related transaction privacy returns to the spotlight…

Bitcoin Back Under $8K — Next Is $7.4K If Support Zone Breaks: Analyst

Bitcoin (BTC) lost support at $8,000 again on Oct. 18 after a brief recovery ended up further downward selling pressure.  Cryptocurrency market daily overview. Source: Coin360 Bitcoin eyes lower support bands Data from Coin360 showed BTC/USD briefly hit $7,850 on Friday before rebounding to just above $7,900. The latest dip capped daily losses of up to 2% for traders, with the pair having reached a high of $8,120 the previous day.  Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported, analysts were dismissive of the upward momentum, with the broader…