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Symetria Aims to Disrupt Cryptocurrency Exchange Space With Personal Blockchain Technology Firm readies landing page to provide additional details to users, uploads whitepaper and application paper drafts – Personal Blockchain adoption would enhance the integrity of sector, where top 10 exchanges earn $3m per day in trading fees, according to Bloomberg data Vancouver, Canada: Symetria, a blockchain development startup, is pleased to announce the development of a cryptocurrency wallet and exchange service in what is the first example of the company’s innovative solution, Personal Blockchains, in action. Personal Blockchains are a published consensus of rules governing interactions between a centralized system and each of its ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer . read full story @ https://cryptocurrencynews.com/press-release/symetria-cryptocurrency-exchange-personal-blockchain/?utm_campaign=rss__ccn&utm_source=rss&utm_medium=rss

Bitcoin Price Struggles After Blockchain Week, Possible New Regulatory Pressure Bitcoin is struggling following Blockchain Week and increased regulatory concerns, all other major tokens also in the red. Cryptocurrencies continue to slow down today as all major coins are in the red on Tuesday. Bitcoin (BTC) is struggling for gains above $8,500 following concerns over increased regulation according to Naeem Aslam , chief market analyst at Think Markets: “The recent selloff has come from the news out of China that the ICO [ initial coin offering ] market is still very active and there are fears that China will further increase the strict regulation.” In a report issued by China’s Ministry of Industry and Information Technology, the government reiterated its position against “certain risks that cannot be ignored” in regards to ICOs, pyramid schemes, and fraudulent behavior. The report compares the current climate to the early days of the internet, advising the public against “excessive speculation” and “false propaganda.” In addition to regulatory fears, hype surrounding a possible rally following Blockchain Week and the Consensus conference in New York was proven to be a dud. Co-founder of Fundstrat Global Advisors Tom Lee, who is famous for his bullish predictions on BTC price, admitted that his prediction of a post-conference rally was wrong. While gains above $8,500 are difficult to maintain, $8,000 support is still holding. According to Market Watch , as a the range tightens, the probability of a breakout is growing. For almost six weeks, BTC has traded between $7,800 and $10,000. At press time BTC is trading at $8,095 and has decreased by 4.25 percent over a 24 hour period. Ethereum (ETH) is is also down, trading at $653.79 down 6 percent over a 24 hour period at press time. Last week, Apple co-founder Steve Wozniak compared Ethereum to Apple, saying it, “interests [him] because it can do things and because it's a platform.” Altcoins are also all trading in the red. Litecoin (LTC) is down by 3.74 percent over 24 hour period at $129.78, while Bitcoin Cash (BCH) has lost 7.48 percent to $

US: Crypto Could Pose a Problem for Candidates Seeking Security Clearances The US Department of Defense is uncertain on how to proceed with processing security clearances of candidates who hold crypto assets. The recognition of Bitcoin as a form of foreign currency could potentially have an impact on decisions in recruiting new employees to the US Department of Defence (DoD), Bloomberg reported May 22. The Pentagon’s chief concern is whether investment in cryptocurrencies indicates criminal intent or constitutes an increased predisposition toward risky personal behavior. This could detrimentally affect a job candidate’s profile should the DoD be considering them for a security clearance. For now, the Department of Defense has not produced guidance relating to the ownership of cryptocurrencies . The Pentagon is reportedly waiting for the Treasury Department, Securities and Exchange Commission (SEC), and other agencies to inform the legislative interpretation of cryptocurrency. The US national security apparatus has to track over 4 mln people with some form of security clearance. As noted by Bloomberg, a more close examination of job applicants who own digital currencies could get in the way of the Pentagon’s efforts to expand its operations in cyberspace. Greg Touhill, who was the first Federal Chief Information Security Officer, said: “If we’re going to say that if you’ve got a Bitcoin or another digital currency account that could be a signal or shoot up a red flag for a security clearance, guess what? Those people aren’t going to sit around waiting to try to onboard for a government job. It would grow the backlog considerably, in my view.” Some experts disagreed over whether owning crypto constitutes a legitimate form of risk. Steve Aftergood of the Federation of American Scientists said he doubts whether the government, “has a clear understanding of what makes a person actually a security risk.” He added that the proxy factors normally maligned by the security apparatus, such as drug use and debt, aren’t necessarily accurate indicators of risk. On the other hand, Nicholas Weaver, a researcher at the Intern