Crypto Not Competitive With Gold: Barrick Gold Exec

Catherine Raw, the North America COO of the largest gold mining firm in the world, Barrick Gold, said that she does not think cryptocurrencies are competitive with gold, Fortune reported on Sept. 18. Raw made her remarks yesterday at Fortune’s Most Powerful Women International Summit, where she stated: “The very tangible nature of gold is what keeps a special place for it. So it will always have value, whatever the price is, I don’t know, but it will not be zero. Whereas cryptocurrency could be zero — that’s the difference.”…

Nigerian Crypto Educator Returns $80K in Bitcoin Received by Mistake

Keith Mali Chung — the co-founder and president of African blockchain firm Loopblock Network — has returned almost $80,000 worth of Bitcoin (BTC) mistakenly sent to his wallet. Chung — who goes by the Twitter handle of “Bitcoin Keith (The African Bitcoin Bull)” — tweeted about the incident on Sept. 12: “I received huge sum of BTC from an unknown sender and it’s definitely a mistake from someone I must have had transaction with before, Kindly DM me time of transaction, your adress and exact digits sent..  thank you. Kindly…

32% of Europeans Believe Crypto Is the Future of E-Payments

Most Europeans believe cryptocurrencies can be spent in most stores, according to the results of a survey conducted by ING Bank and published on Sept. 18. Crypto can be spent in most stores? The survey, which has seen 15,000 Europeans from 15 different countries answer questions about crypto, revealed that 51% of the respondents believe cryptocurrencies can be spent in most stores.  Cryptocurrency, of course, is not accepted at most stores unless you are in a “Bitcoin city” like Arnhem, the Netherlands, for example, or somewhere in Japan. Crypto-friendly store…

Altcoins Dragging Crypto Market Cap Higher: BCH, BNB, EOS, TRX Analysis

The total crypto market cap is slowly climbing higher and it recently broke the $260.0B resistance. Bitcoin price is currently trading in a range near the $10,200 level. EOS price is trading near $4.100 and it could start another upward move. Binance Coin (BNB) is up more than 6% and it recently surpassed the $21.50 resistance. BCH price gained more than 5% and it recently broke the $320 resistance area. Tron (TRX) price rallied 10% and broke the main $0.0165 resistance level. The crypto market cap gained after a strong…

Japanese Messaging Giant Line Rolls Out Crypto Trading Platform Bitmax

Japanese messaging giant Line launched its new crypto trading platform Bitmax on Sept. 17, Cointelegraph Japan reports. FSA approval received Following regulatory approval to operate a crypto exchange in early September, Line’s blockchain arm LVC Corporation officially introduced its newly launched crypto platform today. In accordance with previous announcement, Bitmax will initially allow users to trade five major cryptocurrencies including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH) and Litecoin (LTC). Small transactions for newcomers With exposure to 81 million users in Japan, Line now accepts deposits and withdrawals through…

Australian Police Uncover Syndicate Involved in Crypto Laundering

Australian law enforcement bodies have uncovered a criminal gang allegedly involved in laundering millions of stolen funds through untraceable assets, including cryptocurrencies. According to an announcement published on Sept. 17, the Australian Securities and Investments Commission (ASIC) and the Australian Federal Police (AFP) have been conducting investigations into a major fraud and identity theft syndicate. The authorities allege that the syndicate purchased stolen data from darknet marketplaces and subsequently used it for identity theft. Purchasing of untraceable assets The syndicate allegedly created fraudulent bank accounts at various Australian banking establishments, with the…

Binance Makes Strategic Investment in Chinese Crypto Media Firm

Cryptocurrency exchange Binance, the world’s largest by trading volume, has made a strategic investment in Chinese media and data source Mars Finance. According to a report from Bloomberg citing a press release, the investment amount was not disclosed, but values the company at $200 million. Aside from Binance, which reportedly made its first strategic investment in China with the round, Beijing-based Mars Finance was also backed by Ceyuan Ventures and Matrixport, a financial services startup founded by co-founder of bitcoin mining firm Bitmain, Jihan Wu. The media site was founded by…

Crypto Market And Bitcoin Holding Support: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is holding the main $250.0B support area, with positive signs. Bitcoin price could recover as long as it is above the $10,000 support area. Litecoin (LTC) price is eyeing an upside break above the $73.00 and $75.00 resistances. Bitcoin cash price is currently consolidating above the key $300 support area. EOS price is trading in a range above the $4.000 support, with bullish signs. Stellar (XLM) price is likely to make another attempt to surpass the $0.0600 resistance. The crypto market cap is showing positive…

New Linux Malware Mines Crypto While Remaining Undetectable

Two threat analysts recently stumbled upon new Linux malware that keeps its cryptocurrency mining operations hidden. On Sept. 16, Augusto Remillano II and Jakub Urbanec revealed in a post on Trend Micro, a security intelligence blog, that they found new Linux malware. According to the analysts, this malware is particularly notable because of the way it loads malicious kernel modules to hide its cryptocurrency mining operations. Malware provides hackers full access to infected machine The analysts revealed that Skidmap masks its cryptocurrency mining by utilizing a rootkit, which is a…

Crypto Market & Bitcoin Sighting Upsides: BCH, EOS, TRX, ADA Analysis

The total crypto market cap is currently holding the $250.0B support area. Bitcoin price is struggling to gain momentum above the $10,400 and $10,500 resistances. EOS price is up more than 2% and it recently broke the key $4.000 resistance area. BCH price is back above the $300 pivot level and it could climb towards the $320 level. Tron (TRX) price is consolidating losses below the $0.0165 resistance area. Cardano (ADA) price is eyeing an upward move towards the $0.0500 resistance level. Bitcoin and the crypto market cap are likely…