Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, March 8

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

News continues to pound the cryptocurrency markets stifling attempts to a recovery. The news of the Binance exchange being hacked and the SEC has requested trading platforms dealing with digital assets to register as exchanges.

Later, Binance reported that the irregular trades were reversed. They also had an interesting observation stating that the hackers had lost a few coins during their attempted hack.

The possible SEC’s regulation is a much-debated issue with both sides having their own opinion about its pros and cons. But regulations have also proven positive for cryptocurrencies, attracting institutional money, which has stayed away from the markets until now.

In another news, the Japanese regulators have come down heavily on Coincheck and six other exchanges. Bogged down by these news, most cryptocurrencies are struggling to hold on to their support levels.

Let’s see if the downside is likely to extend or is a bottom around the corner.


Bitcoin has failed to cross above the $12,200 on three occasions in the past month and a half. Therefore, this level assumes significance. The cryptocurrency will gain momentum only after it breaks out and sustains above $12,200.


In the last two days, the BTC/USD pair has broken down of the ascending channel and the two moving averages. Its next major support lies at $9,500. If this level breaks, a fall towards the $8,404 levels is possible, which is the 61.8 percent Fibonacci retracement levels of the pullback from $6,075.04 to $12,172.43 levels.

Both the moving averages have flattened out, therefore, if the $9,500 levels hold, a range bound trading can be expected.

Intraday traders are likely to get an opportunity to play the small bounce at the $9,500 levels, but the swing traders should wait until the cryptocurrency shows sustained buying interest.


Ethereum has corrected according to our expectation. The $723.48 level is the 61.8 percent Fibonacci retracement level of the recent pullback. Yesterday, March 7, the cryptocurrency fell to a low of $725 from where it bounced.  


However, the bounce hasn’t been impressive. If the bulls don’t break out of the 20-day EMA and the resistance line of the descending channel within the next few days, the ETH/USD pair is likely to fall to $654 and after that to $565 levels.

The cryptocurrency will become positive when it breaks out of $980 levels.


Though the bears broke below the support levels of $1,150, they have not been able to sink Bitcoin Cash to $950 levels, as we anticipated.       


If the bulls are unable to push the BCH/USD pair back above $1,150, within the next couple of days, we might see a fall to $950.

The cryptocurrency remains bearish as long as it trades below the moving averages.   


Ripple is looking weak. Yesterday, March 7, the bulls recovered from below the $0.85 levels but could not build on the gains.


As a result, the price has again broken down of the $0.85 level. If the bears succeed in sustaining below this support, there’s a possibility of a fall towards the $0.7 levels.

The lack of buying at lower levels points to a possibility of a further downside in the XRP/USD pair.        


Stellar is in a downtrend and is not looking strong. It finds it difficult to bounce off the $0.32 critical support level. The bears do not allow it to even cross above the 20-day EMA.


Today, March 8, the bears have pushed the XLM/USD pair below $0.32. If the breakdown sustains, a fall towards the lower end of the descending channel at $0.22 is likely; where we expect buying to emerge.

On the other hand, if the bulls defend the $0.32 levels, a range bound action between $0.32 to $0.47 should ensue.  


After showing promise a few days back, Litecoin has become negative. We expected it to fall towards the 50-day SMA and that is what happened.


The LTC/USD pair has formed a descending triangle pattern, which will complete on a breakdown and close (UTC) below $185. This gives a pattern target of $115 on the downside, though, we can expect some support at $160 and $140.

Our bearish view will be invalidated if the cryptocurrency breaks out of $215.


Cardano is in a firm bear grip. Yesterday, March 7, the price broke down of the critical support level of 0.00002460. The selling has continued today and prices are sustaining below the support level. This is a bearish sign.  


Now, there is no major support level on the charts, and a fall to 0.00001690 levels is likely. The first sign of a change in trend will be when the ADA/BTC pair breaks out of the downtrend line. Until then, bears have an upper hand.


March 7, NEO fell to a low of $88.6, where buying emerged. The zone between $86 and $93 is important for the bulls.


If they fail to hold this support zone, the NEO/USD pair will slump towards the February 6 lows of $63.62.

The cryptocurrency will become positive once it breaks out and sustains above the downtrend line 2.     


In our previous analysis, we had forecast EOS to retest the February 6 lows, and that is what happened.


If the bulls fail to hold the $5.97 levels, the next support lies way lower at $3. Our bearish view will be invalidated if the EOS/USD pair climbs and sustains above $8 levels.

Until then, it remains in a downtrend.

The market data is provided by the HitBTC exchange. The charts for the analysis are provided by TradingView.

Zeroedge to Offer 0% Commission on E-Sports Betting


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This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

Online sports betting has been growing in popularity over the past few years and is now the leading form of online gambling in the world. An interesting niche within the world of online sports betting has also been growing and, while not yet quite as popular, is set to explode in 2018!

Betting on E-Sports at Crypto Casinos

If you are looking to get in on some hot ESports betting action at one of the emerging or established online crypto casinos you may find the pickings slim to say the least. This is because no crypto-based online casinos currently offer any sort of E-Sports betting, with one exception. Zeroedge online casino, a cryptocurrency-based online casino with its own unique cryptocurrency (ZeroCoin) is offering exclusive E-Sports betting opportunities, which no other crypto casino is able to do as yet. Even better, Zeroedge is offering an unheard of and unprecedented 0% commission for all their games!

So, What Exactly is Zeroedge?

Essentially, Zeroedge is the world’s first online casino that offers two unique advantages to the general online gambling public. Firstly, Zeroedgeruns exclusively on cryptocurrency (like Bitcoin for example) although, in this case, that cryptocurrency is Zeroedge Casinos own unique cryptocurrency called ZeroCoin.

The second advantage, and by far the most significant, is the fact that Zeroedge, much like its name suggests, will be offering a true 0% house edge to its players. This essentially means that, unlike conventional online casinos, where they can enjoy a house edge (advantage the house has over the player) of as much as 10% in certain casino games, and 1% or higher in others.

The old saying that the house always wins really does apply to conventional online casinos, as they have stacked the odds in their favour, meaning that you will never ever really win your games (not for long anyway). Since Zeroedge does not make any profit from the losses incurred by players, but rather through the increased value of ZeroCoin which is the main economy driver on the Zero Edge Casino’s network.

How does Zero Edge revolutionary model work? offers 0% edge Casino games. World first 0% edge games attract demand for Zerocoin, because of this, its value rises. Players can play 0% games while Zerocoin price rises. Simply put, the ultimate solution to the problem is creating a platform where playing games is “free”. Players are not required to pay any fixed amount of money to be able to play at the casino. This can only be achieved by creating a closed loop economy with its own token where players purchase the token with fiat or crypto. Since the supply of ZERO is limited, its value is directly proportional to demand.

Blockchain & Smart contract technology allow to create a fully transparent and truly fair gambling environment where players have more opportunities to participate, can completely trust the platform, and have a real chance of winning while at the same time being a part of a bigger community which fosters social inclusion and mutual values.

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Zero Edge is introducing its own unique cryptocurrency known as Zerocoin, the only way that gamblers will be able to participate in true 0% house edge online casino games through the Zero Edge online casino network. The value of Zerocoin is set to rise rapidly, as more and more people flock to Zero Edge to enjoy true 0% house edge games.

This is also the perfect opportunity to learn about the pre-ICO or Initial Coin Offering which started on the 28th of February 2018, closing out on the 15th of March 2018. During the Zerocoin pre-ICO, Zero Edge are presenting a no soft cap,while the hard cap is initially set at 1500 ETH.

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McAfee Suspects North Korea In Recent Cyberattack On Turkish Financial Sector

North Korean hackers are suspected in a cyberattack on Turkey’s financial sector, as stated in a report released by McAfee March 8.

The McAfee Advanced Threat Research team identified an attempt by the hacking group Hidden Cobra to breach the security of Turkish government-backed financial institutions on March 2 and 3.

While McAfee policy is to not officially identify cyber groups from nation-states as culprits, they mention in the report that the code of the malware in question closely resembles code used by a hacking operative associated with North Korea.

The hackers used modified malware known as a “Bankshot” which utilized a recently revealed vulnerability in Adobe Flash. The attackers tried to lure their victims with spear-phishing emails containing an infected Microsoft Word file named Agreement.docx.

The file appeared to be an agreement template for Bitcoin distribution between an unknown individual in Paris and a to-be-determined cryptocurrency exchange, the report says.

Bankshot implants were distributed from a domain similar to the cryptocurrency-lending platform Falcon Coin, but the malicious domain was created December 27, 2017, and is not legally associated with the original platform.

Though there have been no reports of stolen money in the attacks, the research team believes the campaign intended to get remote access to the internal systems of the targeted government-controlled financial organizations. The report, however, does not reveal which specific organizations were affected.

The McAfee team also discovered two documents written in Korean, which appear to be part of the same hacking campaign, but were intended for different targets.

Back in December 2017, the US government issued a warning about Bankshot malware, linking it to Hidden Cobra, a group of hackers the U.S. Government considers malicious cyber-criminals working for the North Korean government.

North Korea has been repeatedly accused of hacking South Korean cryptocurrency exchanges, as international sanctions against the country have tightened over the past year.

Binance CEO: All Irregular Trades Reversed, Hackers Lost Coins


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Binance CEO Changpeng Zhao has claimed all fraudulent trades that occurred on Wednesday have been reversed.

Suspicions were high earlier this week regarding strange occurrences on the Binance exchange. Multiple users took to Reddit to express concern at highly unusual unauthorized trades happening on their accounts. Clarification has come today with an official release from the exchange and tweets from the company’s CEO.

On March 7th between 14:58 and 14:59 “abnormal trading activity” was detected on one of the Hugely popular Binance exchange’s marketplaces. The automatic risk management system was triggered, and all withdrawals were immediately halted.

The activity was discovered to have been an attempted hack. The attackers had managed to phish multiple Binance account details using a similar URL. Waiting for the right moment, the hackers commanded the hacked accounts to buy ViaCoin at extremely high prices, skyrocketing the price by some several hundred percent. Immediately after the trades had been completed, the hackers tried to withdraw the large pool of Bitcoin they had gathered but were unable to due to the fast-acting alarm system.

Chanpeng Zhou, CEO of the platform, took to Twitter to demonstrate the phishing URL from a users history:

All irregular trades were reversed, meaning that no users of the platform lost any form of funds. What’s evening more interesting however is that the failed attempt actually caused the hackers to lose funds. The attempt to maximize profits by forcing the phished accounts to buy ViaCoin from the attackers at hugely marked up prices backfired, as Binance was able to confiscate the hackers supply of the altcoin. According to Zhao, the confiscated funds will be donated to Binance Charity.

While the exchange is running normally today, traders have been warned to improve their security to avoid phishing attempts. This can be achieved by bookmarking the official Binance URL and never clicking a link to the trading platform. The official statement from the company reminds readers that “protecting our traders is and has always been our highest priority”, and the fast-acting alarm system did just that.

Whilst Binance managed to prevent the loss of its user’s funds, other platforms haven’t been so lucky. Earlier this year CoinCheck lost $530m of traders cryptocurrency, and the BitGrail exchange lost $170m of Nano. Using centralized exchanges can be highly risky, and this week’s events come as a reminder to be extra vigilant and maximize online security.

Featured image from Shutterstock.

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Sierra Leone Uses Blockchain To Track Election Results, Swiss Company Provides Expertise

In an apparent first, the African nation of Sierra Leone has employed Blockchain technology in tallying its presidential elections, according to Agora CEO Leonardo Gammar March 7.

Agora is the Swiss-based Blockchain voting technology company which participated in tallying Sierra Leone’s presidential election results yesterday. Jason Lukasiewicz, the COO of Agora, told Cointelegraph that this is the “first time in history a Blockchain has been used in any government election, ever.”

Gammar sent a message to Agora’s Telegram group earlier today stating that the Agora team is “engaged in Sierra Leone’s presidential elections,” and that they are currently located in Freetown, Sierra Leone’s capital, to assist their Blockchain node operators in auditing the election results. In a message to Cointelegraph, Gammar noted that he and his team “haven’t slept for 2 days.”

Gammar said in the Telegram group chat that throughout the elections, Agora partnered with the European Commission, and has helped the Blockchain node operators who come from the Red Cross, the Swiss Federal Institute of Technology, and the University of Fribourg.

This presidential election is the fourth since the end of the country’s civil war in 2002. 16 candidates participated in the election, contributing to the likelihood of a second round of voting as it will be very difficult for any single candidate to win the required 55 percent of the vote.

Gammar wrote in the Telegram group at 1:56 am GMT that the team was “proud to announce that our results in the western district are 2 hours ahead of the National Election Commission and all NGOs, with 86% tallied.”

Lukasiewicz said that Agora’s Blockchain voting technology worked successfully in the Sierra Leone election, as they have “already tallied the votes days before the official commission.”

When asked about how Agora became involved in the Sierra Leone election, Lukasiewicz told Cointelegraph that the Sierra Leone government wanted to use Blockchain in order to “increase the transparency of their elections.” According to Lukasiewicz, Agora offers the “only fully-transparent and unforgeable voting system in existence.”

The aftermath of the election yesterday highlights some of the problems that the public and the government have with trusting the legitimacy of elections in Sierra Leone.

After voting closed, the opposition Sierra Leone People’s Party (SLPP) reported that government authorities visited their offices, leading to violent protests that resulted in one person being stabbed and the riot police being called.

The SLPP Candidate, Julius Maada Bio, said afterwards that he was using phones and laptops to check the results of the counting:

“I have established a tallying center in my office which is not against the law of this country. This is a legitimate affair.”

While the Blockchain technology behind cryptocurrencies could bolster confidence in the legitimacy of elections, cryptocurrency itself has been helping African citizens free themselves from financial repression.

Traditional money markets require a certain level of knowledge and access to invest, while cryptocurrencies are available to any willing investor through a variety of mobile applications, making digital assets more appealing to young Africans.

Overstock Ups Investment in Bitt, Furthering Digital Currency Issuance by Central Banks

Today, Overstock’s Medici Ventures doubled down on its investment in the realm of digital currency for central banks. The additional $3 million dollar investment in  Caribbean blockchain-based digital payment provider signals a reaffirmation of Overstock and Medici’s belief in the ability of digital currencies to become the de facto means of payment transactions.

Medici Ventures originally invested $4 million in the Barbados-based fintech company in 2016. At the time of the initial investment, Overstock CEO, Patrick Byrne, stated, “Bitt has a vision for the Caribbean of frictionless mobile cash, beginning with central banks transparently issuing digital fiat which is then exchanged on a blockchain (all under proper regulatory oversight, as with our tØ offering to Wall Street).”  

In a recent conversation with Bitcoin Magazine, Byrne reaffirmed his company’s continued belief in that vision. He pointed out the ubiquity of payments in the island nation, citing that people use digital currency for all kinds of purchases at 150–200 stores around the island, even at the fried-chicken restaurant chain Chefette. “You can walk into this charming chain and buy a drumstick with your phone,” said Byrne, “so it’s basically mobile banking but it’s not tied to any bank.”

To Byrne, the local utilization and adoption of blockchain-backed digital fiat for small purchases, such as a meal, is a positive signal that the Bitt success could spread to other countries. In late February 2018, Overstock announced Bitt had signed a memorandum of understanding with another Caribbean island: Montserrat.

“As goes Montserrat, so goes the globe,” said Byrne.

Hyperbole aside, Montserrat is technically a British Overseas Territory. “There are other countries behind them … we have ‘central bank in a box,’” Byrne said. “The difference between us and all the other people who say they are doing it … is we are going step by step and taking these steps.” Those steps seem to allow to provide a turn-key solution for central banks to issue new fiat currencies digitally on a blockchain, something Byrne suggested is not being adequately fulfilled by others attempting to provide a similar solution.

By exercising its option to increase its ownership stake in Bitt’s total Class A and B common shares by 8.6 percent in exchange for $3 million in additional funding, Overstock’s ownership stake in Bitt has increased by 8.6 percent.

The new investment underscores what Medici Ventures president, Jonathan Johnson, stated in today’s press release: “[Bitt] has positioned itself as a clear leader in applying blockchain technology to solve real-world problems … Bitt has taken a good idea and grown it into a viable product able to make the financial lives of Caribbean residents easier. We’re pleased to take a larger stake in this forward-thinking company, as it aligns with Medici Ventures’ goals of re-democratizing capital.”

For his part, Bitt CEO Rawdon Adams stated that the “reaffirmation” of his company’s promise by Medici Venture was “a tremendous reflection on the dedication, motivation and execution skills of my colleagues.”

He added, “Bitt is in a unique position to provide the solutions to boost both financial inclusion and overall economic performance through its blockchain-based software. That’s already being recognized by regional governments overseeing economies characterized by large informal sectors, persistently high rates of poverty and expensive traditional financial services.”

Bitcoin Briefly Drops to $9,000: Factors Behind the Decline


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On March 8, the price of bitcoin dropped to $9,000, after reaching $11,000 merely 48 hours ago. Analysts have attributed three major factors to the decline in the price of bitcoin: Mt. Gox sell off, SEC announcement, penalization of Japanese exchanges.

Mt. Gox Trustee Sell-Off

According to the official document released by the Mt. Gox trustee, a total of $404 million worth of bitcoin and Bitcoin Cash have been sold over the past few months, at a price determined by the trustee, which is significantly lower than the current market value of bitcoin and Bitcoin Cash.

“As a result of the consultation with the court, I considered it necessary and reasonable to sell a certain amount of BTC and BCC at this point and secure a certain amount of money for distribution resources, and thus, I sold the amount of BTC and BCC above. I made efforts to sell BTC and BCC at as high a price as possible in light of the market price of BTC and BCC at the timing of sale. I plan to consult with the court and determine further sale of BTC and BCC,” the document read.

In the next few months, the trustee intends to liquidate the remaining assets, which are 166,344.35827254 bitcoins, worth around $1.7 billion based on the current value of bitcoin.

It is likely that the planned sell-off of over a billion dollars worth of bitcoin has caused a domino effect on many cryptocurrency exchanges, leading to the decline in the value of bitcoin and other cryptocurrencies as a consequence.

SEC’s Announcement

This week, the US Securities and Exchange Commission (SEC) announced that cryptocurrency exchanges that have listed initial coin offerings (ICOs) or tokens on their platforms are required to register with the agency in order to continue providing support for ERC20 tokens.

As CCN reported, Ripple CEO Brad Garlinghouse stated that the market overreacted to the announcement of the SEC, given that cryptocurrency exchanges have simple options to comply with the SEC: de-list ICO tokens or register with the agency.

Garlinghouse added that there exists no uncertainty regarding the announcement of the SEC, as he noted:

In context of yesterday’s SEC statement(s), I hear some in crypto talk about the current ‘regulatory uncertainty.’ What’s uncertain? SEC’s statements have been consistent and clear. ‘Regulatory uncertainty” is just a euphemism for ‘we wish we could ignore SEC regulations.’”

Andreas Antonopoulos, a well-respected cryptocurrency and security expert, emphasized that the SEC and other federal agencies tightening regulations for ICOs was expected. Antonopoulos explained:

“The recent SEC & FinCEN statements are not unexpected. I have been warning people about the potential risks (technical, financial, and legal) of engaging with ICOs for years.”

Japan’s Cryptocurrency Exchange Penalization

As Tokyo-based technology reporter Yuji Nakamura reported, the Japanese government recently penalized four cryptocurrency exchanges and revoked the licenses of two trading platforms for poor security and failing to meet Anti-Money Laundering (AML) and Know Your Customer (KYC) policies.

Given that Japan still remains as the largest bitcoin exchange market with over 51 percent of the market share, analysts stated that the crackdown on small exchanges have had an impact on the global cryptocurrency market.

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UK Medical Group Partners With Blockchain Platform For Medical Records For Pilot Program

Medicalchain, a platform designed for recording patients’ medical records on Blockchain, has announced a partnership with the London-based Groves Medical Group for a pilot program giving patients access to telemedicine and the ability to pay in crypto, Medicalchain’s Medium post reported March 6.

According to the Medium post, this partnership makes The Groves the first UK medical practice to use Blockchain and accept crypto payments for healthcare services.

The Groves is made up of 4 general practitioner (GP) practices containing a total of over 1,000 private patient families and 30,000 registered patients, and will begin using the pilot program in July 2018 with Medicalchain’s Hyperledger Blockchain technology.

Storing and recording patient health records on the Blockchain will allow organizations like medical institutions, researchers, and health insurers to request permission to access a patient’s file in order to record their own services on the digital ledger. Medicalchain has partnered with Civic to use its secure identity platform to verify doctors and their licenses to operate.

The Medicalchain pilot will create a free wallet for patients to maintain full control over their medical records and telemedicine services. GP consultations over video will be available to patients using the Medicalchain pilot as well. Patients can pay for medical services with cryptocurrency, and the Medium post notes that users will be “incentivized” to pay for any telemedicine services with MedTokens, Medicalchain’s cryptocurrency.

Dr. Vince Grippaudo, a Senior Partner at The Groves, stated in the Medium post that the partnership is a “unique opportunity” to bring Blockchain into healthcare for a patient’s benefit:

“We believe that by empowering people to choose how they access healthcare, we can reduce the burden on public health services. The goal is to improve health services, not only in the UK but across the world, and with Medicalchain we believe we can be a part of that.”

After the WannaCry cyber attack in May 2017 that crippled much of England’s National Health Service, City University London and the Indian Institute of Technology Kharagpur began working together on a consortium to protect health care systems from cybercrime through Blockchain architecture.

Japan Toughens Oversight, Penalizes Cryptocurrency Exchanges

In its most sweeping crackdown yet, a Japanese regulator has penalized seven cryptocurrency exchanges, requiring two to halt operations for one month.

Japan’s Financial Services Agency (FSA) announced today, March 8, 2018, that it came down on the exchanges due to their failure to provide proper internal-control systems. All of the exchanges were ordered to step up efforts to improve security and prevent money laundering.

Business suspension orders were issued for FSHO and Bit Station, effective today. The FSA said FSHO was not properly monitoring trades and employees at the exchange had not undergone proper training. The FSA also alleged that a senior employee at Bit Station had used customers’ bitcoin for personal use.

The five other exchanges punished were GMO Coin, Tech Bureau, Mister Exchange, Increments and Coincheck. Coincheck was served with its second business improvement order since its security breach earlier this year, when $530 million worth of NEM (XEM) tokens were stolen.

Coincheck to Repay Victims

In a news conference today, Coincheck also announced that it will begin compensating users who had their cryptocurrency stolen, beginning as soon as next week. The exchange was hacked on January 26, 2018, after a hacker used malware to gain access to an employee’s computer.

All of the 260,000 users impacted by the theft will be paid back in Japanese yen, based on NEM rates at the time of the theft, the Tokyo-based company said.

At the root of the problem, the cryptocurrency exchange had been keeping all its NEM in a hot wallet connected to the internet. In contrast, at any one time, U.S.-based exchange Coinbase keeps 98 percent of its funds in a more secure cold wallet. The vice president of the NEM Foundation, Jeff McDonald, also told Bitcoin Magazine that if Coincheck had been using a multisignature wallet, the problem would not have occurred.  

It is still not clear who was behind the Coincheck hack.

Tough Measures

The Coincheck hack was one of the largest thefts of cryptocurrency in the world since Mt. Gox, another Tokyo exchange, was brought to its knees by hackers in 2014. What happened at Coincheck highlighted the risks of storing funds in cryptocurrency exchanges, and since then, Japan’s FSA has taken strong measures to protect its citizens and ensure the security of cryptocurrency exchanges across the country.

Following the Coincheck breach, Japanese authorities announced on January 29, 2018, that they would investigate all cryptocurrency exchanges in the country for security gaps, and ordered Coincheck to, essentially, get its act together.

The FSA gave Coincheck until February 13, 2018, to submit a report summarizing the actions it would take to improve security and customer support.

Last year, Japan became one of the first countries to regulate cryptocurrency exchanges when it set up a licensing system. Some 16 exchanges in the country are currently registered, while another 16, including Coincheck, have been allowed to continue operating unregistered while they apply for licences. Five of the seven exchanges punished by the FSA are unregistered, including the two forced to suspend business. Subsequent to its business suspension, Bit Station withdrew its application for a license.

Japan’s crackdown on exchanges follows a series of efforts by U.S. regulators to tighten reins on the industry. Yesterday, the U.S. Financial Crimes Enforcement Network (FinCEN) proclaimed that anyone selling initial coin offering (ICO) tokens are unregistered money transmitters, while the U.S. Securities and Exchange Commission (SEC) warned that any exchange selling tokens deemed as securities must register with the agency.    

Overall, Japan remains one of the more cryptocurrency-friendly countries, distinguishing itself from crackdowns in South Korea and China.

ePRX 1:1 Airdrop to eBTC Holders


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This is a submitted sponsored story. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.

eBitcoin Foundation has finally announced ProxyCard (ePRX) 1:1 airdrop on 17th March.

With the help of both communities’ and teams’ hard work, ePRX will be the most valuable airdropped token due to the following reasons:

  1. Unlike other recent airdrops, ePRX has a total supply of only 50M token, Billions – creating value from the outset.
  2. ProxyCard already has a State-of-the-Art working product and there are a lot of exciting planned developments in the pipeline that will bring great value to ePRX that will make Proxy Wallet stand out.
  3.  On paper and in practice, Proxy Wallet is the most secure cryptocurrency wallet available.  It combines the convenience of a mobile software wallet with the security of a hardware cold wallet.  This creates a two-factor process for all transactions that includes a login with a biometric or NFC step.  Transactions are signed on device and Proxy servers are never in possession of wallet private keys.
  4.  NFC Support – Proxy allows users to opt-in for second factor authentication using NFC technology.  The NFC cards contain an encoded partial code that is only usable when combined with other parts locked behind the user’s login account.  Only when all these pieces of data are combined on device can a transaction be properly signed and submitted. The NFC cards also ship with a QR code that can be used by other users or merchants to make payment requests or communicate via the built-in messaging system.
  5. Built-in and user-friendly chat feature with an exciting UX that allows people to use Proxy Wallet to receive, send, and store funds safely and easily while communicating with each other.
  6. Only wallet that supports eBTC’s ‘Multi-Payment Solution’. eBitcoin’s MPS is unique as no other smart contract (token) including Ethereum itself has a capability to make multiple payments in a single transaction.  Thanks to our developers, eBTC holders can make up to 255 payments in JUST ONE transaction using Proxy Wallet saving heaps of time, energy, and gas fees. This unique feature alone puts eBTC and Proxy Wallet on the frontline and will attract serious businesses to accept eBTC as a payment solution. This will also aid significantly in achieving mass adoption.

To receive the ePRX tokens, you will need to do the following:

  1. Move ALL your eBTC tokens into a wallet of which you hold the Private Key (Proxy Wallet for Android, or MyEtherWallet is good).
  2. To be 100% certain that you will receive the new ePRX tokens, leave your eBTC tokens in that wallet until you have received the additional ePRX tokens OR until we announce that you can move them as you wish.
  3. IT IS CRUCIAL that your eBTC are not stored in any Exchange or Smart Contract like EtherDelta/ ForkDelta or similar on the 17th of March 2018 or thereafter.

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