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A recent analysis of 1,450 cryptocurrency offerings published by the Wall Street Journal has claimed to have revealed rampant plagiarism, identity theft, and promises of improbable returns. In other ICO news, Bermudas parliament has passed regulations that will legitimize initial coin offerings as a means of fundraising, and Thailands SEC held a hearing regarding its upcoming ICO regulations.
Of the 1,450...
The Australian governments digitization agency has revealed plans to explore the implementation of blockchain technology in delivering social security welfare payments to citizens. Speaking at a conference in Sydney last week, Digital Transformation Agency (DTA) chief executive Randall Brugeaud underlined welfare payment delivery as an early use case for its blockchain implementation effort. The DTA
The post Australia Plans Blockchain Prototype to Deliver Welfare Payments in 2019 appeared first on CCN
Financial assets are growing at an incredible rate. According to a report by McKinsey, total global financial assets were valued at $198 trillion in 2010 and by 2020, they are projected to surpass $371 trillion.
Even though exchanges have largely gone digital with most trades conducted electronically, millions of trades are still conducted on paper. Through Blockchain technology, exchanges can now become fast and more efficient.
Such is the case with Virtuse Exchange, a crypto exchange that imagines what would the world be like if financial markets let investors participate in investment opportunities worldwide, that is today, only available to banks or high net worth individuals (HNWIs).
With that in mind, the Virtuse Exchange connects crypto markets with global financial assets, commodities, government emission allowances, stock indices to eliminate the middlemen and bring a high-level of transparency to the financial sector.
In effect, the Virtuse Exchange cuts out banks, custodians, brokerage firms and exchange fees. This simple, yet very efficient process severely reduces fees that are typically passed onto general consumers and investors.
Not only does this new exchange save investors money, it also speeds up the investment process extraordinarily, making transactions instantly occur. To some, this may not seem like that much, however, it really truly is.
If you can envision, how many middlemen the financial exchange process has (banks, brokers etc.) whilst also factor in transactional time delays that can take up to 3 days with the inclusion of weekends and holidays the platform is truly out of this world.
The Virtuse Exchange Uses DACTs
The platform will feature numerous easy-to-use analytics and newsfeed tools, for traders, such as:
Bitcoin's failed bull breakout on Sunday has left the doors open for the bears to make a comeback.
New York developer of social networking and data analysis tools for financial markers and recent favorite for crypto analysts, TradingView, has secured millions in venture funding from Insight Venture Partners according to Techcrunch.
The freemium is offered as a service model for users to try out but begins charging on a scaled basis when customers want to access more information like charts and real-time alerts. There are three payment plans beginning at $15, with a mid-tier at $30 and a high-end $60 per-month premium option.
According to TradingView co-founder and chief operations officer, Stan Bokov, the company has been making steady growth over the past seven years. While the company was never crypto focused it was an early supporter of the space and that has been a boon for them. Bokov adds that They came for crypto. They stayed for the other stuff, speaking about users of the service.
Today TradingView brings in 75% of its revenue from its membership program and believes there is room to continue to grow with retail investors but is also looking to make a push to serve the institutional money entering the crypto market with their toolkit.
Paul Szurek, a vice-president at Insight Venture Partners, said the investment in TradingView was building of the broad amateur investors interest in crypto trading apps like eToro which serve as gateways two the more sophisticated tool set offered by TradingView.
As those apps serve as a gateway so might crypto be an introduction for the young investor to consider a wider class of financial markets. According to Szurek.
October to January, during the real core of the crypto boom here, there were a lot of users coming in starting out researching that asset class broadly. Eighty percent move on to research other asset classes, He add...
One of the largest ever cryptocurrency domain name acquisitions was announced during Consensus 2018, the 4th annual blockchain technology summit sponsored by CoinDesk. A group of investors has purchased the Block-chain.com domain for $1 million (111 BTC), which makes this the third most expensive cryptocurrency domain name acquisition ever.
Prior to this transaction, the most expensive blockchain domain names sold were btc.com (sold for $1.1 million as early as 2014) and eth.com (sold for $2 million in October 2017). The buyers of the Block-chain.com domain immediately launched one of the largest portals in the blockchain and cryptocurrency industry, bringing together the functionality of all the current major industry players.
Block-Chain.com is a customized blockchain and cryptocurrency news, information and analytics platform that is rapidly rising in status to number one in the world. Now all of the necessary information will continually be at hand and readily accessible. The platform is very convenient, efficient and time-saving.
The vision of the projects investors is to build a single entry point for all crypto enthusiasts. Block-chain.com has everything a blockchain enthusiast might need in one place:
Every Block-chain.com user will be able to create a full crypto portfolio and an e-mail account on the project domain. All of the information is logically selected, interrelated, and chronologically arranged.
A principal feature of the project is that when performing various activitiescommenting and developing new content or simply visiting the siteevery customer earns inner Block-Chain.com tokens, or BC for short.
The project is not planning initial coin offering (ICO). The projects inner token was created to be spent on the Block-chain.com platform for placing ads or using premium services. In addition, BC tokens will be available for purchase and sale on exchanges like EtherDelta.
The total supply of BC tokens is 247,000,000 BC. 200,000,000 of that will be paid to users for activity on the platform, 30,000,000 is reserved for the project team, and 17,000,000 is reserved for certain major and well-known advisors who supported the project.
In general, the founders and investors are planning to invest more than $7 million of their own funds in the project to secure...
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Launch of a crypto exchange and wallet
Bringing crypto offering to the U.S. market
Global investment platform eToro has today announced plans to expand its cryptocurrency capabilities and subject to regulatory approvals will launch an exchange and a digital wallet. eToro will also bring its cryptocurrency offering to the United States, launching the platform to U.S. customers later this year under the leadership of the newly appointed U.S. Managing Director Guy Hirsch.
Yoni Assia, Co-founder and CEO of eToro, said: We believe that in the future all assets will become digitised. This will help to open the markets to everyone and enable them to invest in the assets they want in a simple and transparent way. Crypto is the first step on this journey and we are excited to share our plans to launch an exchange and wallet.
The announcements made today at Consensus 2018 in New York, follow the news in March that eToro had completed its Series E funding round, raising $100m USD to accelerate its global expansion and the development of blockchain technology to support the digitisation of assets. The platform enables people to invest in the assets they want to own from cryptocurrencies though to traditional assets such as commodities.
Yoni Assia, commented: An exchange and wallet are important additions to our crypto offering and we know that both have been eagerly anticipated by our customers.
eToro currently offers ten cryptocurrencies (Bitcoin, Ethereum, Bitcoin Cash, XRP, Litecoin, Ethereum Classic, Dash, Stellar, NEO and EOS) with plans to add more coins over the coming months. eToros cryptocurrency to cryptocurrency exchange will launch later this year enabling customers to trade coins.
The wallet will be launched as a phased rollout with select customers participating in beta testing to ensure that eToro provides an app which best meets its customers needs. The wallet app will be available to dow...
U.S. CFTC releases staff advisory highlighting key areas for listing virtual currency derivatives
As previously reported by CoinDesk, MacDonalds December 2017 complaint alleges that Tezos violated U.S. Securities legislation in the sale of its token. Previous lawsuits filed in relation to the ICO also included allegations of securities law violations, along with investor fraud. In its motion, Bitcoin Switzerland again distanced itself from Tezos, saying that the plaintiff could not connect the two organizations from the litigation. As such, it claims that the court doesnt have jurisdiction over Bitcoin Switzerland AG and for that reason it shouldnt be involved with the action. Bitcoin Switzerland also claims that MacDonald didnt even specify a certain Grievance against it, writing, To maintain a claim under Section 12 of the Securities Act, an applicant must allege that the defendant sold or offered a security in violation of 15 U.S.C.
§, 77e to the plaintiff. . But it carries on. Plaintiff has failed to sufficiently allege: that Bitcoin Suisse offered or sold a security in connection with the Tezos ICO, which Plaintiff purchased a security from Bitcoin Switzerland in connection with the Tezos ICO. . In supporting this debate, Bitcoin Suisse says that it didnt offer or sell securities. A hearing about the submitting will likely take place till July 19, in accordance with the document. Tezos finished its first coin offering in July of last year, earning a record breaking $232 million worth of bitcoin and ether. Legislation image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
China's highest-level state media outlet has said token sales are still common in the country despite a 2017 ban.
Hedge fund investor and crypto bull Brian Kelly was back on CNBC calling Bitcoin Cash a must own currency and then explained why.
Brian Kelly went on CNBCs Fast Money with his charts and explained to the panel why Bitcoin Cash is the currency that everyone should own today. He broke his explanation down into two parts; A) BCH has outperformed Bitcoin, Litecoin, and Ripple in the last month, and B) A new fund started by BCH miners is going to be used to build stuff on top of bitcoin cash,
Kelly, founder and CEO of BKCM, an investment firm focused on digital currencies, had his digital chart out to show BCHs 6% rally over the last month has made it a leader among the top cryptocurrencies. BCH was at a low of almost $600 in mid-April from where it increased dramatically through to early May when it topped $1,800 and has steadily lost value to where it trades today at $1,235 according to livecoinwatch.com.
For Kelly, the important aspects of BCHs performance are the overall 6% gain and the fact that it has held support over $1,000 since April 20.
The one-month performance of the coin coupled with the news that BCH miners are planning to take some of the money from their rewards and reinvest into the BCH blockchain is the news to buy according to Kelly who told the panel on Fast Money,
Thats how blockchains gain value, youre going to be getting more use cases to the extent that usefulness translates into value. That could be a positive for bitcoin cash.
Kelly concluded that a good looking chart like the one BCH has shown over the last month paired with a catalyst like the announcement of a fund to add value to the coins blockchain Thats a place I want to buy,
Bitcoin Cash spiked and lost over the last month due to two major factors that many predicted would first create a pump and dump and then just a pump. Namely Consensus 2018 and the fact that Bitcoin Cash went through a hard fork on May 15.
It was likely the anticipation of the hard fork, which was scheduled to increase the block size to 32mb among other changes, that brought the coin up over the $1,000 hurdle and sent it to $1,800 in early May. But it was declining long before the hard fork deadline and has remained relatively stead...
Bitcoin price is trading above a major support at $8,240 against the US Dollar. BTC/USD should stay above the 100 hourly SMA to trim recent losses.
After trading towards the $8,600 level, bitcoin price faced a selling interest against the US Dollar. The BTC/USD pair formed a short-term top at $8,596 and started a downside move. The price declined and moved below the $8,400 support level. More importantly, there was a break below the 50% Fib retracement level of the last wave from the $8,139 low to $8,596 high.
It opened the doors for more losses, resulting in a break below a key bullish trend line with support at $8,350 on the hourly chart of the BTC/USD pair. The pair almost tested the 76.4% Fib retracement level of the last wave from the $8,139 low to $8,596 high. However, the price is currently holding the 100 hourly simple moving average and $8,280. On the upside, an immediate resistance is at $8,400, followed by the all-important $8,600. As long as the price is above the 100 hourly SMA, it could make an attempt to surpass the $8,400 level. On the other hand, a close below the 100 hourly SMA may perhaps push the price back towards $8,150.
Looking at the chart, the price is showing a few positive signs above $8,240. However, BTC buyers must clear the $8,400 hurdle for a push towards $8,600.
Looking at the technical indicators:
Hourly MACD The MACD for BTC/USD is slowly moving in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI is moving higher towards the 50 level.
Major Support Level $8,240
Major Resistance Level $8,400
The post Bitc...
An established platform with global clients such as LOral, Coca-Cola, and Danone is turning to blockchain to solve a $500 bln issue for the retail industry and cut waste in homes and on store shelves #SPONSORED
Financial assets are growing at an incredible rate. According to a report by McKinsey, total global financial assets were valued at $198 trillion in 2010, and by 2020, global financial assets are projected to surpass $371 trillion.
Even though exchanges have gone mainly digital with most trades conducted electronically, millions of trades are still performed on paper. Through Blockchain technology, exchanges can now become fast and more efficient.
Such is the case with Virtuse Exchange, a crypto exchange that imagines what would the world be like if financial markets let investors participate in investment opportunities worldwide, that is today, only available to banks or high net worth individuals (HNWs).
With that in mind, the Virtuse Exchange connects crypto markets with global financial assets, commodities, government emission allowances, stock indices to eliminate the middlemen and bring a high-level of transparency to the financial sector.
In effect, the Virtuse Exchange cuts out banks, custodians, brokerage firms and exchange fees. This simple, yet very efficient process severely reduces fees that are typically passed onto general consumers and investors.
Not only does this new exchange save investors money, but it also speeds up the investment process extraordinarily, making transactions instantly occur. To some, this may not seem like that much; however, it indeed is.
If you can envision, how many middlemen the financial exchange process has (banks, brokers, etc.) while also factor in transactional time delays that can take up to 3 days with the inclusion of weekends and holidays the platform is indeed out of this world.
The platform will feature numerous easy-to-use analytics and newsfeed tools, for traders, such as:...
Of late, the digital assets space has without a doubt drawn extensive media coverage, with reports, for the most part, focused on two factors: the price rise of cryptocurrencies, and the scams involving cryptocurrencies. Notwithstanding, investors are fleeced to the tune of millions with the bait of high returns, or a fraudulent pyramid scheme camouflaged
The post Chinese Watchdog Identifies 421 Cryptocurrencies as Outright Scams appeared first on CCN
Ethereum classic price is currently under pressure against the US Dollar and Bitcoin. ETC/USD may decline further towards the last swing low of $16.60.
Recently, there was a nice upside move above $18.00 in ETC price against the US dollar. The ETC/USD pair traded towards $18.50-60 where sellers emerged. As a result, the price started a downside move and declined below the $18.00 and $17.80 support levels. More importantly, the price traded below a crucial support level at $17.45, which prevented declines on many occasions.
The price traded close to the $17.00 level and a low was formed at $17.06. At the moment, the price is consolidating losses and it may test the 23.6% Fib retracement level of the last decline from the $18.54 high to $17.06 low. Any further gains could be limited by the $17.45-50 zone, which was a support earlier. Moreover, there is a short-term bearish trend line forming with resistance at $17.60 on the hourly chart of the ETC/USD pair. The trend line resistance is also close to the 38.2% Fib retracement level of the last decline from the $18.54 high to $17.06 low.
The chart suggests that the price may correct a few points, but it wont be easy for buyers to break the $17.5-60 resistance. On the downside, the price may test the $16.80 support, followed by the next major support at $16.60.
Hourly MACD The MACD for ETC/USD is back in the bullish zone.
Hourly RSI The RSI for ETC/USD is well below the 50 level with a few negative signs.
Major Support Level $16.60
Major Resistance Level $17.60
Bitcoin Suisse AG, a cryptocurrency brokerage listed as a defendant in a lawsuit against Tezos, has filed a motion to dismiss the case against it.
The banking arm of the Mitsubishi UFJ Financial Groups (MUFG), the Bank of Tokyo-Mitsubishi UFJ, is reportedly planning to trial its in-house cryptocurrency in 2019 following years of development. As Japans largest bank, MUFG could become the worlds first major financial institution to deploy its own cryptocurrency after a local report by Japanese publication NHK
The post Japans Biggest Bank to Carry Large-Scale Trial of Cryptocurrency MUFG Coin appeared first on CCN
Canaan Inc. has announced it will launch an IPO in July with the goal to raise $2 billion in funds in what would be the largest Bitcoin-related IPO to date.
Bejing based Canaan inc., the worlds second largest Bitcoin mining hardware supplier increased its overall profits seven times in 2017 during the soaring Bitcoin price craze selling its products under the AvalonMiner brand. Since those halcyon days, the profitability of mining Bitcoin has steadily declined. Today Bitcoin is worth less than half of what it was in December 2017 and mining them is 60% less profitable.
This begs the question, why is this Bitcoin mining rig maker launching an IPO with a $2 billion goal when the profits of and demands for its products are in little demand? According to inside sources who spoke to Reuters about the move Canaan will present itself as a chip designer which focuses on artificial intelligence and blockchain technology development instead of a Bitcoin mining company.
Their customers happen to be bitcoin miners. But they are a chip company, not a bitcoin company, Said one of the unnamed sources Reuters spoke to.
Canaan produces what are known as ASIC chips designed for the singular purpose of mining Bitcoin. Its customers have historically been large-scale mining operations incorporating thousands of machines working twenty-four hours a day.
Ironically increasing competition since the development of ASIC mining rigs has hit the profit margins of mining outfits hard. Experts estimate that mining revenue in 2018 is just 37% of what it was in 2017. This downshift in mining profits led the worlds largest manufacturer of chips, Taiwan Semiconductor Manufacturing Corporation (TSMC), to cut its full-year sales target, citing uncertainty in the cryptocurrency market as its reason.
These same factors could be the reasons investors will buy into an IPO by Canaan, as the old adage goes the best way to make money in a gold rush is to sell shovels. A sentiment iterated by Jehan Chu, managing partner at Kenetic Capital, a Hong Kong-based blockchain and cryptocurrency investment firm who told Reuters,
Investors are always looking for crypto picks and shovels, and thats what this is,
Though crypto mining has been under serious regulatory pressure by the Chinese government and earlier rumors of Canaans proposed IPO had the chip maker l...
Ohio might become the most recent U.S. State to legally recognize smart contracts and records stored on a blockchain, based on a newly proposed law. Senate Bill 300, introduced by Senator Matt Dolan, amends sections of the Uniform Electronic Transactions Act to include blockchain records and smart contracts as electronic records. Further, the bill allows for smart contracts to be legally enforceable like any other contract can be. If passed, the bill would add a language stating that blockchain technology may be utilized to store electronic info and provide ownership rights. It is expressly stated: "Despite any other law, an individual that, in or affecting interstate or foreign commerce, uses blockchain technology to ensure info that the individual own or has the right to use retains the same rights of ownership or use with respect to that info as before the person secured the info using blockchain technology.
The proposed bill went on to say: This division doesnt apply to the use of blockchain technology to ensure info in connection with a transaction at the degree that the terms of the transaction expressly provide for the transfer of rights of ownership or use with respect to that information.. Maybe more notably, the bill amends language in another section on electronic contracts to include that smart contracts might exist in commerce.. It goes a step forward, however: while the existing legislation already states that the contract might not be denied legal effect or enforceability only because the electronic record was utilized in its formation, S.B.
300 adds or since the contract contains a smart contracts term, making it clear that smart contracts can be used for legal documents. If signed into law, Ohio would join Arizona, and perhaps California, Florida and Tennessee, among other states, in recognizing both blockchain transactions and smart contracts for electronic records. Ohio flags picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
A new Smart Advertising Transaction Token project (SaTT), developed by the US-based company ATAYEN, leverages the blockchain platform to make the digital advertising market more transparent and efficient. The projects team plans to present its smart contract within the platform, which will allow advertisers to choose publishers, set up conditions for advertising campaigns and track its performance with the help of third-party analytical tools. At the same time, the SaTT smart contract suggests automatic payment to the publisher once all the conditions are fulfilled.
Atayen is founded by the Gauthier Brothers and Stephanie Clement and has developed IFrame apps suite for the enterprises to extend pages in social network services and websites, and resulted in having more than 4 mln businesses around the globe.
The company is now targeting major issues of digital advertising industry with the new blockchain-based solution for more efficient interaction between affiliates, advertisers, and publishers. This product is constructed on the Ethereum network, utilizes its own SaTT token that is required to gain access to the platform and to use its functionality.
The SaTT creators say one of the main advantages of the Ethereum blockchain is the usage of smart contract technology for transactions within a platform. Using the SaTT smart contracts, advertisers will be available to choose relevant publishers for their purposes by defining criteria for partner participation in a digital campaign. This can depend on the scope of their broadcast network, topics addressed or any other characteristics.
Oracles for advertisers
Furthermore, oracles will give a possibility to evaluate exact results of an advertising campaign for the advertisers and the reward to be paid to the publishers by a smart contract. Oracles are platform apps, based on existing major audience and traffic analysis tools such as Google Analytics and Facebook Analytics. Using its API, ATAYEN and other developers will implement oracles in the smart contract structure.
The advertiser can choose between third-party apps depending on its objective. There are different types of oracles: performance oracles, such as MailChimp, Twitter or Google Analytics. They may be used to count views, clicks, lead engagements or sales. Capacity oracles analyze partner profiles to validate if they meet the criteria set by the advertiser for the campaign. These conditions range from the reputation of the publisher on social networks to the audience segment. Typical capacity oracles are the Reech or the Klout services. Finally, security oracles allow users to analyze and validate the quality of the campaign as well as...
Ripple price made a bearish turn against the US Dollar and Bitcoin. XRP/USD may correct lower towards the $0.6600 support in the near term.
There was no upside break above the $0.7100 level in Ripple price against the US Dollar. The price traded as high as $0.7060 before sellers appeared and pushed the price lower. A fresh bearish wave was initiated and the price declined below the $0.7000 support. The decline was such that the price also settled below the 0.6800 support level and the 100 hourly simple moving average.
More importantly, yesterdays highlighted crucial ascending channel with support at $0.6860 was broken on the hourly chart of the XRP/USD pair. The pair also broke the 50% Fib retracement level of the last wave from the $0.6478 low to $0.7067 high. It has opened the doors for more losses and the price could decline further towards the $0.6600 support. An immediate support sits around the 76.4% Fib retracement level of the last wave from the $0.6478 low to $0.7067 high.
Looking at the chart, the price is currently in a bearish zone below $0.6800. Should there be an upside correction, the price could face sellers near $0.6800 and the 100 hourly SMA. On the downside, buyers can keep an eye on the $0.6600 support level. Below $0.6600, the last swing low of $0.6478 may be retested.
Looking at the technical indicators:
Hourly MACD The MACD for XRP/USD is slightly placed in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for XRP/USD is declining and is currently well below the 40 level.
Major Support Level $0.6600
Major Resistance Level $0.6800
On Monday the blockchain research and development firm, Nchain, announced the acquisition of a majority stake in the Bitcoin Cash-centric startup Handcash. The Handcash platform allows users to send BCH in a contactless manner using near field communication (NFC) technology.
This week the firm Nchain Group announced they had closed a deal that gives the company a large stake in the Handcash platform. According to Nchain, the deal was facilitated through the companys investment arm Nchain Reaction. News.Bitcoin.com reported on Handcash this past February when the team launched its bitcoin cash beta client for Android phones. The Handcash app allows users t...
A bill proposed by an Ohio Senator would let the state legally recognize blockchain records and smart contracts.
Watch this video to get started with your L3+ mining Litecoin or other Scrypt coins, getting paid in BTC, LTC or just about any other altcoin! https://youtu.be/xKBWRNkp8SQ The Litecoin / Scrypt Mining Text Guide: ASIC Mining To Fork or Not to Fork: Bitcoin, Litecoin, Dash, and Sia
Ethereum price is under pressure against the US Dollar and Bitcoin. ETH/USD broke a key support at $708 and it may well trade below $680 in the near term.
After a failure to move above the $724-725 resistance, ETH price started a downside move against the US Dollar. The price declined and moved below the $710 and $700 support levels. During the decline, it cleared the 50% Fib retracement level of the last leg from the $656 low to $724 high. It opened the doors for more losses and the price closed below the $700 support and the 100 hourly simple moving average.
More importantly, yesterdays highlighted important bullish trend line with support at $707 was broken on the hourly chart of ETH/USD. The pair tested the 61.8% Fib retracement level of the last leg from the $656 low to $724 high. It may correct a few points in the near term towards $700. However, the broken support at $700 and the 100 hourly SMA are likely to prevent gains. If buyers succeed in surpassing the $700 hurdle, the price could retest the $724-725 resistance zone.
Looking at the chart, the price is currently under pressure below $700. It seems like it may accelerate declines towards the next support near $677. Any further declines below $677 may well put a lot of pressure on bulls and the price might drop towards the last swing low of $656.
Hourly MACD The MACD is slowly moving in the bearish zone.
Hourly RSI The RSI is now well below the 50 level.
Major Support Level $677
Major Resistance Level $700
The post Ethereum Price Analysis: ETH/USD Back Below $700 appeared first on...
Experts in the cryptocurrency sector of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, South Koreas biggest cryptocurrency exchange, given that no investors were affected. Funds Real, No Investors Affected Last week, CCN reported that UPbit was raided and investigated by local
The post Difficult to Charge Cryptocurrency Exchange UPBit Since No Investors Affected: Expert appeared first on CCN
It appears that were in for another week of yo-yoing on crypto markets, Monday up, Tuesday down. Momentum could not carry markets over $400 billion and theyve fallen back today in the same pattern weve seen for the past week. The buying starts in Asia and the selling starts in America and the cycle repeats. Bitcoin failed to push past $8,500 and has retreated back 2% to $8,340. All altcoins have mirrored the slide and are in the red at the moment. We have to go outside the top 25 to find a coin in the green and today it is Decred.
According to Coinmarketcap DCR is up 2% percent on the day whilst all others have fallen. Currently trading at $113 this altcoin is up marginally from $110 this time yesterday. This tiny gain is only remarkable because all others have lost ground. Over the past week DCR has made 14% from $110 this time last Tuesday. On the month it has shown even better gains of 75% from $65 this time last month. Against Bitcoin DCR is up 4.5% on the day to 1364400 satoshis from around 1300000 sats this time yesterday. Weekly gains on BTC have been better with Decred climbing just under 20% from 1140000 satoshis this time last week.
Decred is an autonomous cryptocurrency driven by self-rule from the stakeholders. The blurb on its website states; Our innovative consensus voting model empowers stakeholders and allows for the seamless transition from one set of rules to another. Decentralized decision-making and self-funding have enabled us to build a robust, evolving digital currency, free from third party influence. There have been no announcements to drive current momentum which has left some traders on Reddit concerned about a pump and dump;
Any time one of my alts has risen this much they always have crashed back down. Every single time. I dont see much of a reason for its continued rise when the rest of the market is down.
At the moment DCR trade is happening on the obscure exchange Ooobtc, followed by Bittrex indicating that it is not a coin favored in Asia. Decred is not far off its January all-time high of $121 but volume over the past 24 hours has slowly tapered off from $14 million to $10 million. Market cap for DCR is currently $800 million positioning it at 29th on the crypto charts.
Total crypto market cap has fallen by 3.6% over the past 24 hours to $375 billion indicating that the bear run which started on May 6th is continuing. All other altcoins...
Published on May 21, 2018
Devin Nunes says there might be more than one spy. Trump pushes the DOJ to investigate spying into his campaign. IG will not start the investigation. Obama' s will start to make documentaries with Netflix, they are trying to take back the narrative. Facebook is under threat of being broken up. Pompeo is pushing Iran into a new deal, he is asking for outrageous demands. EU says that it will help Iran with Financial aid, EU then denies. ISIS burns its headquarters as they are bused out of Damascus. Q drops more Intel shows who is in control. Locates the deep state operation, how they were going to communicate and how they will be going down. The deep state is panicking, watch for those who scream the loudest, they will end up hurting the most.
Published on May 21, 2018
Corporations are looking at the blockchain and they are now building platforms to support it.Paypal says they will be looking at cryptocurrencys in the future, they are waiting for it to stabilize. Square cash is now supporting bitcoin and many others are moving into this area. The switch is happening. New Zealand retails sales take a dive, we had heard this in the UK, US, Australia and Canada and throughout Europe, the system is cracking. The world is starting to feel the pressure of the economic system ripping itself apart.
The Ontario Securities Commission has issued a warning against five unlicensed crypto companies involved in schemes to encourage investors to trade or invest in cryptocurrencies. The regulator started gathering information about these platforms after receiving complaints about them.
The Ontario Securities Commission (OSC) published an Investor Alert on Friday, warning the public of five firms that appear to be involved in schemes that target Ontario investors and encourage them to trade or invest in cryptocurrencies, stating:
Btcreal, Bitserial, Hypercube Ventures LP, Cabincoin O, and Baappay Inc. are not registered in Ontario to solicit investments or provide advice on investing in, buying or selling securities.
The Commission started gathering information on several crypto trading platforms last month after it received a number of complaints about them, CBC reported, adding that to date no platform has been recognized by the OSC as an exchange or exempted from recognition. An...
Argentinas Banco Masventas has revealed that starting Monday itll enable clients to send cross border payments utilizing bitcoin. A partnership with Latin America focused exchange startup Bitex, based in the year 2014, the news finds the regional lender utilizing bitcoin as a payments railroad in international transactions as an alternative to Swift. Bitex Chief Marking Officer Manuel Beaudroit told CoinDesk the startup believes that this marks the very first time an internal bank has adopted a bitcoin for cross border payments. In announcements, Jose Dakak, chief shareholder of Masventas, credited the move to a broader drive from the lender to boost its electronic, smartphone based services, as well as to decrease the banks cost of support.
Among action was to contract Bitex as a strategic partner in the execution of the Bitex platform for payments and collections operations for our customers overseas, he explained. While no real world transactions have been established yet, the lender will soon use bitcoin for real client transactions, Beaudroit explained. He told CoinDesk: The clients will ask the bank to do an international payment, and the lender utilizes Bitex as a provider. For the consumer, it is transparent, they do not touch, they do not see the bitcoin. Were a provider for them, plus they arent touching bitcoin. Argentina flag picture via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that tries for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Bitcoin cash price is back in a bearish zone below $1,220 against the US Dollar. BCH/USD is losing momentum and it could continue to move down towards $1,150.
There was a rejection noted from the $1,300 resistance zone in bitcoin cash price against the US Dollar. The price formed a short-term top near $1,315 before starting a downside move. It declined and moved below the $1,250 and $1,220 support levels. The downside move was strong as the price also closed below the $1,220 support and the 100 hourly simple moving average.
During the decline, the price broke the 61.8% Fib retracement level of the last leg from the $1,165 low to $1,315 high. The current price action suggests that a close below $1,220 and the 100 hourly SMA was crucial. At the moment, there is a declining channel forming with resistance at $1,220 on the hourly chart of the BCH/USD pair. The pair could accelerate declines below the 76.4% Fib retracement level of the last leg from the $1,165 low to $1,315 high. The next support may well be the last swing low of $1,165, followed by the all-important $1,150.
Looking at the chart, the current downside move seems to be a bearish wave with a close below $1,210. Should the price correct higher from the current levels, the $1,220 and $1,250 levels are likely to prevent upsides.
Looking at the technical indicators:
Hourly MACD The MACD for BCH/USD is back gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for BCH/USD is now well below the 40 level.
Major Support Level $1,150
Major Resistance Level $1,220
The post Bitco...
ICOs offer a more direct route for both tapping and deploying funds, for matching founders with investors. That turns out to be quite revolutionary.
Litecoin Price Key Highlights
Litecoin is trading inside a descending triangle and is due to test the bottom, possibly gearing up for a breakout soon.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to signal that the path of least resistance is to the downside. In other words, support is more likely to break than to hold.
The 200 SMA also lines up with the top of the triangle to add to its strength as a ceiling. A break below support could lead to a drop of the same height as the formation, which spans $131 to $160.
RSI appears to have bottomed out and looks ready to turn higher, likely drawing buyers back in. Stochastic is also pulling up from oversold levels to signal a return in buying momentum.
Litecoin has lagged behind most of its altcoin peers recently as there have been no positive developments on its front. Its founder Charlie Lee has been tweeting about positive updates, but traders take this with a grain of salt since he already liquidated his litecoin holdings.
Meanwhile, the dollar has been strongly supported by fundamentals on stronger rate hike hopes. Although some policymakers have expressed concerns about the slack in the labor market and tepid wage growth, US bond yields keep rising on expectations of two or three rate hikes this year.
The FOMC minutes are up for release this week and Fed rhetoric could still shape dollar price action. Hawkish remarks could lead to a breakdown for LTCUSD while cautious comments could lead to another bounce to the triangle top.
The post Litecoin (LTC) Price Watch: Is a Triangle Breakout Underway? appeared first on NewsBTC.
Bitcoin Price Key Highlights
Bitcoin price might still resume its downtrend as the top of its descending channel is keeping gains in check.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA to confirm that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse.
However, an upward crossover appears to be materializing and if so, bitcoin price might still be able to break past the channel top. In particular, a move past the swing high around $8,600 could confirm that buyers have the upper hand.
RSI is dipping into oversold territory to show that sellers are exhausted and may let buyers take over. Stochastic still seems to have some room to fall, so bitcoin price might follow suit.
The nearest support area is at the 38.2% extension or $8,039 level at the mid-channel area of interest. The 50% extension is at $7,855 and the 61.8% extension is at the swing low or $7,671. Stronger selling pressure could take it down to the 78.6% extension at $7,410 or the channel support. The full extension is located at $7,077.4.
A rebound in risk-taking paved the way for some bitcoin price gains after a trade truce between the US and China was announced. This supported commodities, equities, and other riskier assets like cryptocurrencies versus the dollar.
The main event for the US dollar is the release of the FOMC minutes this week as this could clarify tightening expectations. Hawkish remarks could mean more dollar gains versus bitcoin while cautious ones could allow the cryptocurrency to advance.
There have been no major headlines pertaining to bitcoin, so investors could keep holding out and staying cautious while waiting for more developments.
The post Bitcoin (BTC) Price Watch: Bears Might Not Be Done Yet appeared first on NewsBTC.
Just recently news.Bitcoin.com reported on Ross Ulbricht being denied a post-conviction relief extension this past February. Since then Ulbrichts new legal team and his family continue to fight for Rosss freedom with a filed a Petition of Certiorari with the United States Supreme Court.
Ross William Ulbricht is a 33-year old American who was convicted of drug trafficking, money laundering, and computer hacking crimes tied to the Silk Road website created in 2011. Ulbricht was accused of being the creator of the Silk Road under the pseudonym Dread Pirate Roberts, and was arrested in 2013. In 2015 Ulbricht was convicted of the aforementioned charges and sentenced to life in prison. The family has been fighting for their sons freedom for years due to the fact that there were many investigation discrepancies, and government agents who were caught red-handed manipulating the case. However, last year the Second Circuit U.S. Court of Appeals upheld the decision to keep Ulbricht in jail for life.
Then this year Ulbrichts new legal team, Williams & Connolly, tried to extend a fixed three year period with a motion called Rule 33. Although, the extension was not granted, and Judge Forrest denied the motion to extend the time for a Rule 33. The latest ...
The Economic System Is Breaking Down World Wide Video X22 Report Corporations are looking at the blockchain and they are now building platforms to support it.Paypal says they will be looking at cryptocurrencys in the future, they are waiting...
The post The Economic System Is Breaking Down World Wide (Video) appeared first on The Daily Coin.
Cryptocurrency trading startup Bitex has trialed a cross-border payments system using bitcoin with an Argentinian bank.
Crypto trader Brian Kelly gives BCH a bullish outlook, says that BCH fund development could aid the rise of the cryptocurrencys value
Spains financial regulator has clarified its position on regulated investment funds investing directly in cryptocurrencies. These type of funds are legal under Law 22/2014, and investments can be made through three types of legal entities.
Spains National Securities Market Commission (CNMV Comisin Nacional del Mercado de Valores) recently clarified its position on registered funds investing in cryptocurrencies directly. The CNMV is the Spanish government agency responsible for regulating the securities markets.
In a Questions and Answers document addressed to fintech companies on activities and services that can have a relationship with the Commission, one of the questions was Can a fund registered by the CNMV directly invest in cryptocurrencies? The Commission replied:
This type of funds would have a legal...
The ARK Innovation ETF (ARKK), one of the first exchange-traded funds to invest in bitcoin, has divested much of its bitcoin holdings, citing regulatory and tax concerns, according to CNBC. Last year, ARKK won ETF.coms ETF Of The Year award for fulfilling its goal of providing access to disruptive technology. It won this award in
The post Bullish ETF Provider Liquidates Bitcoin Holdings, Citing Regulatory And Tax Issues appeared first on CCN
The Four Seasons Hotel Hong Kong () in the citys financial center is this weeks spot for Roger Vers weekly video update, a project started just about a month ago. Hes joined at the five-star retreat for the episode by Ryan X. Charles, CEO of Yours.org. The two men discussed their participation in an international conference and revealed an exciting future for decentralized, censorship resistant, cash.
Everybodys been excited about bcash for quite a while, Roger Ver (CEO of Bitcoin.com) smiled and giggled with joy at the delicious irony. So, its finally here everybody! A very relaxed Mr. Ver has taken to making weekly videos, highlighting his work within the bitcoin cash community. He was prompted to laughter by Yours.org co-founder and CEO Ryan X. Charles, joining Mr. Ver for a one-off video recently. Both men were in the glow of Antiguan entrepreneur and Coin Geek owner Calvin Ayres latest Hong Kong conference. Overlooking Victoria Harbour, viewers soon notice theres a third presence in the background. Turns out, the famous International Commerce Centre building in West Kowloon, all 1,587.9 feet of it, can be seen during its LED light show.
The Bank of England has issued a working paper on central bank digital currencies and their possible influence on the banking sector and the economy
From our charts, Ethereum is reversing previous losses and week over week its up one percent though chances of further upsides exceeds that of sell pressure. While I remain upbeat, we must take caution and note that May 11 Ethereum highs at $750 is a strong resistance line. Technically-and considering our analysis, it is a liquidation line and an upper limit of May 11 upper limit short covering. If there is elevation in Ethereum bull market participation and prices thrust above this resistance, then we can ramp up longs in lower time frames.
Its only three days before the much publicized Tron Virtual Machine (TVM) goes live and the Tron Foundation have their baits in Ethereum waters. Without wasting time, they are quick to act and are promising developers a wide array of benefits should they want to shift building environment and migrate to Tron.
Through a Tweet, Tron declared that they were creating this easy to use, seamless development platform where Ethereum DApp developers can easily change camps. Besides effortless migration, developers were told they shall easily secure a $100,000 loan. These loans are interest free in the first 18 months and serviced in the next 18 months either in USD or TRX when due. Furthermore, Tron guarantees a blockchain that would process 10,000 TPS unlike Ethereum which is struggling with speed especially when it peaks.
Tron Foundation (@Tronfoundation) May 4, 2018
On the other side, there are still many questions that lingers when it comes to BTC-ETH relationship. One of the loudest questions we keep asking is when Flappening will happen? Of course, we all know that most alt coins derive value not only from BTC but from ETH especially if we consider that most ERC-20 tokens ride on Ethereum and have an obligation to pay network fees in ETH. This creates demand. Growth wise,...
Apart from Tron, most coins didnt register impressive gains as May 20 price action. Nonetheless, we still expect market participants to bid up the likes of Tron, IOTA, and EOS and to some degree, Stellar Lumens which has been characteristically low key. I would also recommend keeping an eye on Litecoin today. We expect price moving events for EOS and Tron in the next few days so I buying on dips would be a safe trading tragedy in my view.
Lets have a look at these charts:
Undoubtedly, EOS is an exceptional product that promises to change discourse of DApps development and narrative. We can rave about it but lets understand that while they pride on decentralization, they need expertise from knowledgeable developers to sharpen their technological edge. Thats simply inevitable.
Now, heres the thing. Not many people know the inner workings and the development aspect of EOS. As such, there is a bit of knowledge dependency, a centralization of some sort and thats what creates a catch 22 situation. To break this, Dan Larimer and Block One announced that they shall be working with Virginia Tech in a $3 million education drive meant to enlighten students on blockchain technology.
Price wise, EOS sellers are in charge reversing May 20 gains. While volumes are not that great, we are likely to see higher highs set in motion by May 18 double bar bull reversal pattern and rejection of lower prices. To reiterate, our trade plan remains constant and we shall continue buying EOS on dips at lower time frames with ideal stops below $12.
There is nothing much from the news other than the fact that Litecoin remains a choice for merchants. Like most coins, Litecoin is safe, fast, valuable and above all allows interoperability via atomic swaps. The latter is a beneficial for merchants because they can draw from both set of coin holders seamlessly.
On the chart, prices are down despite yesterdays po...
As a not-so-typical startup in the Valley, Coinbase is exploding with customer growth. The exchange now manages over 20 million customer accounts, which is nearly as many as Fidelity Investments and twice as many as Charles Schwab, according to a report by the Washington Post. Also, in much the same manner that has spanned the
The post A Giant Grows Larger: Coinbase Has Nearly as Many Customers as Fidelity Investments appeared first on CCN
After delving into the world of cryptocurrencies one can see that good majority of digital asset proponents are big fans of privacy and anonymity. Just recently a spreadsheet document was published that lists the top privacy-centric coins and the various differences between them. The paper called Privacy Coin Matrix, allows enthusiasts to see a comprehensive list of cryptocurrency networks that focus on promoting financial privacy.
Also read: Marvel, The Simpsons Go Crypto
A Google Docs spreadsheet has been recently published on the wide variety of cryptocurrencies that aim to bolster financial anonymity. The paper is very comprehensive and includes various details about each coins attributes strewn across a very long spreadsheet. Coins that are present in the Matrix spreadsheet include Bitcoin Core (BTC), Monero (XMR), Zcash (ZEC), Dash, Verge (XVG), PIVX, Bitcoin Private (BTCP), and more. There are a total of twenty cryptocurrencies listed, alongside some relatively unknown coins like Zoin (ZOI), and Colossus Coin (COLX). There are a bunch of privacy-centric coins missing from the list as well such as anon tokens like Boolberry (BBR), and Bitcoin Dark (BTCD).
Tron is back in the game, prices are bouncing back and more in our latest price analysis
According to a report from the Australian Competition and Consumer Commission, Australians lost over $2.1 mln in crypto scams last year
After receiving incredible and record-breaking rankings on all relevant listing platforms, more and more people have become intrigued by Keplers groundbreaking ideas and visions in regards to a future shaped by a combination of Robotics, AI and the Blockchain. There is only one more day until Keplers pre-sale finally begins, lasting from May 22nd until June 5th.
Everyone will be able to participate in this exciting event (after confirming your identity through KYC), making the next two weeks your last chance to buy tokens with an astonishing 30% bonus! Kepler will be selling 4,000,000 tokens during the pre-sale, with each token being valued at $1.25, until KEP hits exchanges in July. This is your opportunity to invest in Keplers innovative and disruptive idea and to truly be a first-mover. The minimum contribution is 0.2 ETH and there is no maximum purchase amount at this stage.
Kepler not only has a truly professional and motivated team consisting of over 50 hardworking members, but also an astounding online presence. You can keep up to date with Keplers latest news by following on Twitter, Facebook, Instagram and LinkedIn as well as Telegram to never miss interesting community events, such as airdrops and other perks. Even with Keplers Telegram group now being over 21.000 strong, there are always community members waiting to have interesting discussions about the project as well as the crypto world as a whole. The team is not only trying to collect ideas that can help improve our future from a technical standpoint but also wants to encourage like-minded people to connect on a personal level starting in Keplers own community.
While Kepler works hard to continuously expand its online presence, Keplers visionary executives are traveling the world and working around the clock to share their many ideas for a different future, united by innovation and the goal of achieving greatness. After attending numerous conferences and meet-ups, Kepler was able to spread international awareness for its project on the world stage. Through this hands-on approach, Keplers charismatic leadership was able to forge great partnerships and find substantial investments. Join them in shaping our future and dont miss out on your chance to be part of something big!
UK foreign exchange trading platform operator LMAX has announced that it will launch a cryptocurrency exchange tailored for banks, hedge funds, and other institutional investors. The London-based company made the announcement on Monday, explaining that the new platform dubbed LMAX Digital is the first physical crypto currency exchange dedicated to serving only institutional
The post UK Forex Operator LMAX to Launch Cryptocurrency Exchange for Banks and Hedge Funds appeared first on CCN
US and Canadian regulators have reportedly opened the largest coordinated crypto probe into suspicious crypto investment programs
A company is vowing to offer the next generation of streaming interactivity when it hosts a live eSports tournament in the coming days #SPONSORED
The advent of the cryptocurrency market is mimicking that of some of historys most failed monetary experiments, according to Robert Shiller.
Writing in a new blog posted today, the Yale professor and Nobel-winning economist wrote that enthusiasm for the cryptocurrency market remains strong despite warnings that it could be a scam. One must bear in mind that attempts to reinvent money have a long history, he said. Yet, while new monetary innovations create excitement to begin with, they fail to last, he added.
As an example he cited Josiah Warner, who in 1827 opened the Cincinnati Time Store that sold merchandise in units of hours of work. These relied on labour notes, which resembled paper money; however, while they were considered a sign of importance of working people, the store closed in 1830.
Undeterred by Warners failure, two years later Robert Owen attempted to create the National Equitable Labour Exchange in London. This relied on time money as a currency. Yet, similar to Warners attempts Owens experiment failed as well, Shiller pointed out.
A hundred years later, during the Great Depression, economist John Pease Norton proposed a dollar backed not by gold, but by electricity. Notably, though, this too failed to catch on.
Each of these monetary innovations has been coupled with a unique technological story, wrote Shiller. But, more fundamentally, all are connected with a deep yearning for some kind of revolution in society.
In his opinion, cryptocurrencies like bitcoin are no different, adding:
The cryptocurrencies are a statement of faith in a new community of entrepreneurial cosmopolitans who hold themselves above national governments, which are viewed as the drivers of a long train of inequality and war.
He goes on to state that similar to past failed currencies, the publics fascination with cryptocurrencies is tied to a sort of mystery.
Practically no one, outside of computer science departments, can explain how cryptocurrencies work, he said. That mystery creates an aura of exclusivity, gives the new money glamour, and fills devotees with revolutionary zeal. None of this is new, and, as with past monetary innovations, a compelling story may not be enough.
This is certainly not the first time that Shiller has spoken out against the cryptocurrency market. Last October, he called bitcoin a ...
Last week, on May 19, former Visa UK and Ireland CEO Marc OBrien said during an interview with Business Insiders Oscar Williams-Grut that he has been appointed as the CEO of a cryptocurrency startup called Crypterium. Everyday Payments During the interview, OBrien, who served as the CEO of VISA UK for six years from 2008
The post Former Visa CEO Moves to Startup That Uses Cryptocurrency to Process Everyday Payments appeared first on CCN
Tech giant Google reportedly tried to recruit Ethereum co-founder Vitalik Buterin, according to a tweet posted and then deleted by Buterin
Litecoin has been in the list of top-10 cryptocurrencies by market capitalisation pretty much since it began trading in the spring of 2013. Created by Charlie Lee then a Google software engineer it set out to improve upon the original crypto, Bitcoin.
By tweaking Bitcoins open-source code, Mr. Lee was able to launch Litecoin, a crypto that was much like its big brother but lighter in computational power which is why it has its name and much speedier in terms of transactions.
Mr. Lees Twitter handle is @SatoshiLite an obvious reference to Satoshi Nakamoto, the mysterious Bitcoin founder, or founders and on the micro-blogging site he expressed his concerns. Bitcoin is a great store of value, he wrote. Im fine spending ~$1 fee per transaction, but I cant stand waiting 40+ minutes for a confirmation!
He went on to be appointed the director of engineering at Coinbase, an online platform for buying, selling, and storing digital currency. In that position, he promoted Bitcoin and helped the crypto gain acceptance from a number of global organisations, such as Tesla, Wikipedia, Virgin Galactic, and a raft of others.
Mr. Lee was aware that Litecoins success in the market would be linked to Bitcoins popularity, as it is a derivative of the founding crypto. Some in the community call Bitcoin gold 2.0, which feasibly makes Litecoin digital silver. The infrastructure of Litecoin is much like Bitcoins, yet it has near-zero transaction fees, and it is considerably quicker to actually make a transaction.
It didnt take Litecoin long to achieve a market capitalisation of $1 billion, soon after it was launched in April 2013. Four years later Mr. Lee established the Litecoin Foundation. It was a clever evolution, as he hired a development team, meaning protocol changes for new functions and scalability were possible without requiring disruptive hard forks.
Litecoin is appealing to investors who are happy to hold, as it has the potential to grow in value considerably in the coming years, many analysts believe. Since it added Segregated Witness (SegWit), the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions, it has become even more attractive. Additionally, it will soon join the Lightning Network a system that allows transacting and settling, off-blockchain making it future ready in the eyes of Mr. Lee and many others.
The crypto peaked in value at $341 on December 18, 2017 according to global trading and investment platform eToro. Litecoins long-term trend indicates future price might climb up to over $5,000, believes Michael Serrano, an analyst at Wiki Crypto.
The Tel Aviv District Court has received today an indictment against Halmi Git, a 33-year-old from the Palestinian city of Hebron, for a wide-ranging affair involving the management of forums for the sharing and sale of stolen credit card details. His forums have allegedly involved about 1,300,000 users from around the world, leading to massive fraud.
According to the indictment, the defendant established the forums in 2008 and managed them until his arrest at the beginning of the month. The entrance to the forums was free of charge, but users could purchase a VIP status to receive stolen details of fresh credit cards, which are more likely to be still wo...
So, youve got an option in crypto. How would it be taxed?
Between May 13th and 15th, Monacoin, a cryptocurrency developed in Japan, appears to have suffered from a network attack that caused roughly $90,000 in damages. The attack appears to have been a selfish mining attack, where one miner successfully mines a block on the blockchain but does not broadcast the new block to other miners.
The post Japanese Cryptocurrency Monacoin Hit by Selfish Mining Attack appeared first on CCN
German financial supervisor BaFin visited Georgian financial authorities to share experience of crypto regulation
Venezuelan president Nicols Maduro has been re-elected this Sunday, which means hes staying in power for another six years. The electoral process was embroiled in controversy, as his mains rivals claim it was filled with irregularities. Maduros new term presumably means the countrys oil-backed cryptocurrency, the Petro, will keep on growing. According to Reuters, the
The post Venezuelas Petro Saga Set to Continue as Maduro Is Re-Elected in Controversial Election appeared first on CCN
While cryptos famed volatility can be terrifying for investors, it is something that needs to be weathered
Operation Cryptosweep was announced earlier today. The goal of the coordinated effort from numerous North American securities regulators is to clean up scams and fraudulent offerings from the cryptocurrency space.
The joint crackdown that will go by the name of Cryptosweep will see over 40 U.S. and Canadian regulators united with the common goal of ridding the cryptocurrency industry of fraudulent initial coin offerings (ICOs) and cryptocurrency investment opportunities.
The president of the North American Securities Administrators Association (NASAA), Joe Borg, told Forbes that there had been over 60 investigations and a further 35 enforcement actions made this month alone. He went on to address the formation of the joint initiative:
The persistent exploitation of the crypto ecosystem by fraudsters is a significant threat to Main Street investors in the United States and Canada.
Borg then continued to state that Operation Cryptosweep had been inspired by his own organisations crackdown against fraudulent web stock offerings. The NASAA were influential in fighting back against scammers who were keen to take advantage of novice investors during the dot.com bubble.
Finally, Borg highlighted the importance of regulators sharing resources to successfully overcome the issue of fraudulent ICOs and crypto investment products. He also mentioned that theyd be working with the likes of the U.S. Commodity Futures Trading Commission (CFTC), along with the U.S. Securities and Exchange Commission (SEC). The NASAA president said:
We all have limited resources. You are going to see a lot more collaboration.
Already in 2018, there have been some rather high profile examples of ICOs coming under scrutiny for suspected fraud. One of the largest cases involved Centra Tech, a company that was being heavily promoted by heavyweight boxer Floyd Mayweather. These are the kind of ICOs and investment opportunities that Cryptosweep is said to be targeting.
Many in the cryptocurrency space feel that such an approach is long overdue. Back in February of this year, long time crypo advocates and investors Tyler and Cameron Winklevoss said that they felt that authorities hadnt moved quickly enough to regulate the space.
Meanwhile, market researchers at...
The founder of Onchain Capital, and host of CNBC Africas Crypto Trader show, Ran Neu-Ner, recently discussed his outlook for cryptocurrency regulation, initial coin offering (ICOs), and shared his outlook for several top cryptocurrencies markets. Mr. Neu-Ner described Bitcoin Cash and Ethereum as markets that he intends to HODL, adding that right now, he is passing on BTC in favor of more exciting virtual currency markets.
In an interview with CNBCs Fast Money, Mr. Neu-Ner described the United States Securities and Exchange Commission (SEC) as having taken an appropriate position in cautiously monitoring the cryptocurrency markets up until now, however, warned that a fa...
Thai SEC details rules for running ICOs in a focus group today
Walmarts latest patent proposes a blockchain-based marketplace that lets customers resell Walmart products once theyre no longer needed
If Bitcoin were a country, it would be the 40th largest consumer of electricity in the world. A new research paper has highlighted the growing problem as major cryptocurrencies seek to solve it.
According to the figures, the amount of energy used for each transaction could run a dishwasher for a year.
Alex de Vries wrote: With the Bitcoin network processing just 200,000 transactions per day, this means that the average electricity consumed per transaction equals at least 300 kWh, and could exceed 900 kWh per transaction by the end of 2018. This doesnt mean that Bitcoin transactions couldnt be processed without high amounts of energy, its just that there are a lot of miners. Currently, miners earn about $100 per transaction.
Digiconomist estimates the consumption of electricity by Bitcoin Miners in its Bitcoin Energy Consumption Index (BEXI). According to its data, Bitcoin uses 67.91 TWh annually which is just greater than Chile, ranked 40th in the world at 66 TWh. They estimate that the amount of electricity used per transaction is higher at 929 kWh which would be the equivalent of running three dishwashers for a year. The main issue is that the figures are rising at a much steeper rate and have been since September 2017.
BEXI has to work backwards to calculate the energy used. It starts with how much money the miners are making and works out how much they probably spend on electricity. Then they consider the price of electricity and estimate how much is used. It does rely on several assumptions but it would be much harder to contact all Bitcoin miners and ask how much electricity they use.
The Lightning Network will take Bitcoin transactions off-chain by setting up channels between users. Transactions between them will occur and only be recorded on the blockchain when the channel is closed. This will reduce the number of transactions that nodes will have to confirm and in doing so, will reduce the energy required for maintaining the network.
However, the majority of electricity used is for Bitcoi...
4chan users have created DApps on the Ethereum blockchain accounting for tens of thousands of transactions in the last few days as users sell virtual cocaine and breed shrimp eggs to sell on the blockchain. The game Ether Cartel, listed as number one on the new category list on DappRadar, saw a volume of over 33
The post Drug Dealing and Shrimp Breeding: 4chan DApp Games Invade Ethereum Blockchain appeared first on CCN
With Bitcoin, Are Gold & Silver Obsolete? | Philip Kennedy Video Silver Doctors With Bitcoin emerging as a contra-asset, are gold and silver obsolete? Philip Kennedy from Kennedy Financial tells Silver Doctors it would be hubris to say the...
The post With Bitcoin, Are Gold & Silver Obsolete? | Philip Kennedy (Video) appeared first on The Daily Coin.
Australian consumers lost more than $2.one Million to cryptocratic frauds in 2017, the nations Competition and Consumer Commission says. The Commission declared the findings Monday in an annual report, also observing that the increase in crypto related scams corresponded with a rise in coin prices until 2017. Of the more than $2 million lost in 2017, scams cost consumers about $100, 000 per month between January and Sept, the report stated. Nevertheless, In December when bitcoins cost gone through the roof to almost $20, 000 consumers reported losses exceeding $700, 000, the Commission explained. The report indicated that fake ICOs, crypto related pyramid schemes and ransomware obligations were common means of swindling customers.
The Commission stated it expects crypto related fraud to continue, noting, as with some other scams, this is likely the very first tip of the iceberg. The report highlights one example of an epidemic of scams that spans the globe. As previously reported by CoinDesk, only seven prominent scams, hacks and attacks in 2017 resulted in the reduction of around $490 million of consumer capital. Likewise the Wall Street Journal lately reported the 1, 450 ICOs it reviewed, 271 had red flags which include plagiarized investor documents, guarantees of guaranteed returns and fake or missing executive teams. With that being said, the report noted, the Australians generally lost over $340 million in scams overall, with $64 million being lost to investment scams especially last year. Business miniatures picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
A brand new patent application from a retail giant Wal-Mart shows how blockchain may be utilized to augment its digital offerings for customers. The document issued last Thursday by the U.S. Patent and Trademark Office, summarizes a blockchain ledger that would monitor the items that shops sell to a certain customer. It is the most recent example of an IP play by Wal-Mart, that has registered a number of related software and has also piloted the technology for tracking food items. The proposed system could permit a client to register the item after it is purchased for the first time.
The consumer would then be capable to choose a price for resale, with the system itself acting essentially as a digital market, in accordance with the application. Perhaps just as notable is the application seems to work in detail from another use case dispersed delivery tracking which was summarized in a past patent. Walmarts latest application clarifies how a dispersed delivery record blockchain will be upgraded as products move from the vendor into the courier to the purchaser, with new transactions representing each step. The business wrote: By one strategy, the transfer from the seller to the courier might need signatures from both the sender and the courier with their individual private keys.
The new transaction might be broadcasted and confirmed by the sender, the courier, the purchaser, or other nodes on the system before being added to the dispersed delivery document blockchain. When the bundle is moved from the courier to the purchaser, the courier can use the couriers private secret to authorize the transfer of the electronic asset representing the physical asset from the courier to the purchaser and upgrade the delivery document with the new transaction. The idea of Walmart really pursuing such a use case isnt that far fetched last Sept, the merchant detailed how it was testing automated delivery solutions with a limited group of clients in California. Wal-Mart image via fotomak / Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
As reported earlier by The New York Times (NYT) and
Bitcoin Magazine, Intercontinental Exchange (ICE), parent
company of the New York Stock Exchange (NYSE), is developing an
online trading platform that would allow large investors to trade
bitcoin directly. As news about the ICE platform continues to
develop, Bitcoin Magazine spoke with lawyers Ben Sauter and
Dave McGill of Kobre & Kim, a New York City law firm which
specializes in disputes and investigations, to examine the
regulatory issues surrounding the launch of such a platform,
including swap contracts and the implications the ICE platform
might have on cryptocurrency trading in the future.
Sauter and McGill are also participating lawyers in the Digital Currency & Ledger Defense Coalition (DCLDC), a coalition of lawyers and academics whose collaborated effort focuses on understanding the regulatory and legal issues surrounding cryptocurrencies and blockchain technology to protect individual constitutional rights and civil liberties in connection with regulatory and law enforcement scrutiny.
For a large financial institution such as ICE or Goldman Sachs, figuring out how to develop a cryptocurrency trading platform is a potentially complicated analysis that begins with the question of whether or not a cryptocurrency is a security. If a cryptocurrency is deemed a security by the Howey test, there are a lot more regulatory requirements, according to McGill.
While many people agree, including Peter Van Valkenburgh, director of research at the Coin Center, that the Howey test can act as the ultimate clarifier of which cryptocurrency is a security and which is not; the distinction is also important for another reason. Ultimately, the Howey test gives guidance on which regulatory agency polices which cryptocurrency. At this point, securities fall under the U.S. Securities and Exchange Commissions (SEC) jurisdiction. Non-security cryptocurrencies or commodities until proven otherwise are in the realm of the Commodity Futures Trading Commission (CFTC). While this is obvious to anyone who can remember each agencys full name, the distinction is also important because each agency has taken a different approach to policing cryptocurrency.
The SEC has gone after...
A newly-released Walmart patent application outlines a digital resale marketplace placed on a blockchain.
The government of the small European island nation of Malta has signed a partnership with Omnitude. The deal will see blockchain technology used to improve the countrys public transport network.
Sticking with their earlier commitment to explore and embrace blockchain technology, the Maltese national government has today announced a partnership with enterprise blockchain platform creators Omnitude.
The Omnitude deal forms part of the islands lawmakers wider blockchain strategy. The idea is to revamp various government sectors using the much-hyped technology. In a press release reported by Medium, Maltese Transport minister Ian Borg explained:
Blockchain technology is a key part of our overall national technology strategy that will see us transform different sectors across government.
Omnitude will be tasked with the role of modernising the public transport system of Malta. They will use the enterprise level platform that theyve been developing to help improve the reliability of the islands transport infrastructure.
Malta have been keen to encourage blockchain innovators. They announced earlier this year that they are committed to the technology and have approved a blockchain strategy. This makes them one of the first national governments to welcome such a scheme.
According to many analysts, the blockchain technology that underpins cryptocurrencies such as Bitcoin will be the catalyst for the next industrial revolution. If that holds true, nations such as Malta and Switzerland who are quick to embrace the technology could well emerge as the economic powerhouses of tomorrow.
During the press conference in which the Omnitude partnership was announced, Ian Borg also stated:
We believe in Omnitudes blockchain technology and its broad use-cases for the Government. We can see its potential in a range of government departments and it will form a cornerstone technology platform as part of our commitment to drive forward innovation. It will improve the quality of life and enhance access to information for Maltese citizens. Blockchain tech...
Cryptocurrency-powered web browser Brave has now been downloaded more than five million times from the Google Play mobile app store. The ad-blocking browser, which was co-founded by Mozilla Firefox creator Brendan Eich, reached this significant milestone last Thursday, just six months after crossing the one million download threshold. This rapid growth has come on the
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This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
It is no secret that everybody wants to make their own ICOs, raise funds and provide better and more efficient services. With the revolution of Blockchainit seems that we are headed towards a better, more complete and innovative future. Companies across all industries are pushing hard to be the early bird that eats the worm and achieving their legacy and create history.
So why have we not yet gained the momentum we are all waiting for. Dont you feel like we were supposed to move even faster with all this fund raising and innovative implementations. Can we truly compare this to the revolution of the internet. Masterminds are coming together, creating new projects and ways to adventure into the world of Blockchain, Cryptocurrencies & Smart Contracts, so the real question is, how do we gain the true momentum of this technology and use it to better our lives and our future.
Same Technology, Different Race
The truth is, as humans we compete to always finish first and eventually find out that all the other participants are in a totally different race. It starts with innovation and the intention to improve the industry but surely turns to a competition on who finishes the fastest, and makes the biggest buzz. What if we told you we can change that.
What if it were possible to work together, hand in hand while sharing resources and knowledge. There are a few reasons why people are unable to partner up and work together,
1.Ego. People think its a weakness to cooperate or even think they are too good and can accomplish everything by themselves.
2.Fear. Market participants are scared of comp...
LMAX Exchange Group, which operates a UK Financial Conduct Authority (FCA) regulated FX trading venue, has announced today a physical cryptocurrency exchange dedicated to serving only institutional clients. The company says it developed LMAX Digital at the request of its existing clients who asked for a credible, efficient and trusted platform to trade with like-minded institutions.
LMAX Digital will offer access only to the most liquid crypto assets including BTC, ETH, LTC, XRP and BCH, 24 hours a day, seven days a week. The company explains that trading is governed by similar rules and principles as LMAX Exchanges FCA regulated MTF (Multilateral Trading Facility), meaning that the excha...
ASK.fm is one of the largest question and answer social networks in the world. The companys recent announcement of the sale of its utility token (ASKT) has left many people wondering why a company that has been around since 2010 would make such a dramatic shift. Now, it has become clear that the company sees an initial coin offering (ICO) as its opportunity to take a leap into the decentralized economy. ASK.fm plans to do this by tokenizing social interactions within its network.
Currently, ASK.fm has 215 million registered users in 168 countries facilitating 600 million questions per month. Known as ASK.fm 2.0, the companys new blockchain-centric iteration will feature tokenized incentives for users. Influencers will have the opportunity to earn direct rewards for content, in this case, the responses they create. By increasing network activity through an incentivized token, ASK.fm expects to dramatically raise the level of knowledge and expertise on the network.
Once the tokens are implemented into the ecosystem, users who possess them will have the opportunity to participate in a worldwide movement to capitalize intellect.
Heres how the process will work: Any ASKT holder will be able to pose a question, bidding a certain number of tokens. Those being asked can either choose to answer or decline the question. . The accuracy of responses will be verified by independent moderators.
Each participant benefits from either asking catalytic questions
or giving valuable answers. In other words, users benefit from the
content they create under the ASK.fm theme, Your Answer Is Your
We are employing a robust blockchain-based Q&A platform that introduces a new cryptocurrency token, said ASK.fm 2.0s CEO, Max Tsaryk. Our intent in doing this is out of conceptual necessity, not on a whim. Blockchain [technology] enables a more democratic means of economic self-regulation driven by market laws and systems.
A Tokenized Model For Q&A
The unrelenting evolution of online social media platforms from Friendster and MySpace to Facebook and Twitter advancing to integrating tokenized incentives appears likely. In the case of ASK.fm 2.0, tokenizing social interactions is seen as a remarkably new and creative way to build on top of its original value proposition and user base.
ASK.fm currently owns two registered business entities in Ireland and Latvia , a trove of trademarks and other intellectual properties. It intends to boost its presence through tokenization while maintaining a good standing with relevant regulatory bodies.
At present, ASK.fm is conducting a private sale while the details of the presale and public sale are still being worked out. Reportedly,...
A report from the Australian Competition and Consumer Commission indicates that Australians lost millions of dollars to crypto-related scams in 2017.
Iran and Russia could turn to cryptocurrency as a solution to evade Western financial sanctions and reduce their dependence on the US dollar. Iran has been struck by a monetary crisis in recent months after its fiat currency, the rial, plunged to historic lows against the US dollar leading up to US president Trump formally
The post Iran and Russia Consider Using Cryptocurrency to Evade US Sanctions: Report appeared first on CCN
By Vin Armani Watch Live at 1pm EST (10am PST). The Vin Armani Show returns from the CoinGeek bComm Conference in Hong Kong and Vin...
An international crackdown on cryptocurrency scams was launched Monday with a set of securities regulators in Canada and the United States. Dubbed Operation Cryptosweep, the effort was issued during a Monday event hosted by the North American securities managers Association. Its existence was first reported by the The Washington Post and later detailed in the releases from the Tennessee Department of Trade and Insurance and also the Texas State Securities Board. Cryptosweep, based on statements, constitutes almost 70 queries and investigation and 35 pending or completed enforcement actions since the beginning of the month. More investigations are thought to be underway, even though its uncertain when any related enforcement actions will be unveiled.
The efforts gathered in Apr When a task force comprised of NASAA members was convened to start a coordinated series of surveys on ICOs and cryptocurrency associated investment goods, the TDCI explained. A significant focus was initial coin offerings or token sales, and officials reportedly identified. A representative to the NASAA didnt instantly respond to request for comments, but others included in the operation painted an image of a wide ranging attempt to stamp out fraud. Recent samples state regulatory actions includes one which touted false endorsements from celebrities such as actress Jennifer Aniston. The actions announced today are just the tip of the iceberg, TDCI deputy commissioner Frank Borger Gilligan said in a statement.
Joseph Rotunda, the TSSB Execution Division manager, echoed that opinion, saying: The marketplace for cryptocurrency investments is fraught with widespread fraud, and our work is only revealing the tip of the iceberg. Image via Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Japanese banking giant MUFG has partnered with a major U.S. cloud delivery platform to release a blockchain-based payment network
A group of old-school security researchers have raised funds to build a better smart contracting language.
An "international crackdown" on cryptocurrency scams was launched Monday by a group of securities regulators.
An economist at one of the worlds largest asset managers believes there is a decent probability that the bitcoin price will eventually crash to zero. Joe Davis, the chief economist for $5.1 trillion asset manager Vanguard, wrote in an ETF.com op-ed that although the firm is enthusiastic about blockchain technology in general, it does not
The post Decent Probability Bitcoin Price Goes to Zero: Vanguard Economist appeared first on CCN
Polands Finance Ministry scraps its current crypto tax policy, admitting it may make traders pay an amount often exceeding the funds invested
Canaan Creative, one of the largest manufacturers of bitcoin mining processors and devices, has filed for an initial public offering with the Stock Exchange of Hong Kong. Submitted on May 15, the firms request is still in draft form and pending approval from HKEX, therefore it remains unknown at this point how much the China based company is valued at and what amount it intends to raise. But how much the China based company is valued and what company aims to raise $1 billion, which, if true and eventually effective, would make it the biggest IPO in the cryptocurrency industry.
In the mean time, the document also provides a glimpse into the firms fiscal health. Based on a financial statement included as part of the IPO filing, Canaan raised 1.3 billion yuan in revenue in 2017 only, marking 3, 000 percent year-on year expansion compared with 2016. In the same way, the company also earned in revenue in 2017 only, marking 3, 000. This isnt the very net profit of $56 million in 2017 a six fold increase over the previous year. As previously reported by CoinDesk, an attempted acquisition deal in 2016 would have seen Canaan go public on Chinas Shenzhen Stock Exchange, but the Stock Exchange finally blocked the move over doubts.
In May 2017, the Business raised 300 million yuan As previously reported by CoinDesk, an attempted acquisition deal in 2016 would have seen Canaan go public on Chinas Shenzhen Stock Exchange, but the Stock Exchange finally blocked the move over. Avalon mining processors image via Canaan. In a Series A round that saw the participation of Jin Jiang International Group, Baopu Asset Management and Tunlan Investment greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
If you had one opportunity to seize everything you ever wanted, would you capture it or just let it slip? So convinced is one man that cryptocurrency is the future, hes given up his apartment and is living in his car while putting every spare cent towards his crypto portfolio.
Also read: Marvel, The Simpsons Go Crypto
Last year, as bitcoin mania escalated, stories began to surface of men mortgaging their homes and going all in on crypto. But its not just homeowners that have given up everything in the pursuit of crypto glory: one man has forsaken his apartment in favor of living out of his car. Its a life choice that even the most ardent of bitcoin maximalists would deem excessive, but then crypto has a tendency to attract extremists possessed with a fervent zeal.
Blockchain technology startup ShareRing aims to disrupt the sharing economy by developing a single mobile application to consolidate sharing services worldwide. The sharing economy is currently valued at over $100 billion and is predicted to grow to $335 billion or more by 2025, according to a report by Brookings.
I realized just how much waste we produce as a massive consumerist society, said Tim Bos, co-founder and CEO of ShareRing. [I] thought to myself, we can do better than this as a united global front if only we tapped into the real potential of the renting, borrowing and sharing community.
From buying and selling jewelry to storage space to cooking lessons, ShareRing intends to be the first company to provide a simple and secure way to pay for any sharing service, regardless of geographic location.
The Sharing Economy by Numbers
In recent years, major industries such as transportation, delivery, and real estate have undergone a dramatic paradigm shift due to the influence of tech companies in the sharing economy such as Uber, Lyft, and Airbnb. These companies gave the public affordable and easy-to-use alternatives to existing solutions.
According to a report by PwC on the sharing economy, 19% of adults in the United States have participated in at least one sharing-oriented transaction. Of this demographic, 83% believe that the sharing economy makes life more convenient and 86% feel that it reduces their cost of living.
The financial statistics of leading sharing economy companies are nothing short of impressive. Airbnb, for example, averages approximately 425,000 guests per night, boasting a market capitalization of $31 billion. Uber and Lyft are valued at $68 billion and $7.5 billion, respectively. For context, the combined value of these three companies outweighs the GDP of Morocco.
The rapid growth in the sharing economy has resulted in a highly fragmented industry. Users wishing to leverage the industrys increasing n...
The Tron price posted a double-digit percentage rally on Monday, as the much-hyped project moved within 10 days of its official mainnet launch. Tron Price Posts Double-Digit Rally The TRX token had entered the day trading close to $0.0685 on Bitfinex, after which it began a steady rally that quickly carried it past the $0.07
The post Tron Price Surges 11 Percent Ahead of Mainnet Launch appeared first on CCN
Bitcoin fell to one-month lows below $8,000 last week, but the lesser-known zilliqa token topped the list of losers.
From May 29 to June 29, the Playkey decentralized gaming platform plans to buy back PKT on the HitBTC exchange. Although the buyback price will be determined by the exchange rate, it shouldnt exceed $1.24 per PKT. During the buyback, there will be a daily budget limit of $66,000 and a $20,000 purchase limit for a single seller.
We do that in accordance with our roadmap to keep the PKT price under the review and to increase the quality of the PKT holders giving the chance to former bounty participants to sell PKT. Whats more important, the buyback will help us to accumulate PKTs on the Playkey Foundation site i.e. get ready to the next important step in the Playkey development. In June, 2018, Playkey expects to begin accepting PKT as payment for subscriptions on Playkey.nets operational gaming platform, which is still centralized says Egor Gurjev, Playkey CEO. The company regards, buying back tokens will provide stability during the launch of the PKT payment option. Playkey intends to use the repurchased amount of tokens to eliminate the threat of an artificial token deficit in the public sale.
Playkey.io is the concept of the blockchain-features decentralized ecosystem for gaming services that are based on Playkey, a prominent cloud gaming provider that gives a reasonably-priced opportunity for players to play top-rated games anytime and anywhere, using an obsolete laptop or MAC device connected to the Internet, without having to purchase a high-end PC or console. Today the Playkey centralized cloud gaming platform is available for Russia, CIS, Germany, and the UK.
The core participants in the new Playkey Ecosystem are gamers and miners (cloud gaming hardware providers). The Playkey idea is to create an ecosystem for cloud gaming based on P2P and blockchain technologies featuring dozens of independent owners of powerful computers worldwide (miners) united within a community, and acting as a cloud gaming service provider. So here miners get an efficient option to utilize their computational capacities that is more efficient, more stable, and less risky than ordinary cryptocurrency mining. And gamers will be able to choose the best and the closest server for playing with minimum latency and lags. Playkey is aiming to build a large, private and professional community of miners, and become the largest cloud...
Widely followed cryptocurrency analyst Thomas Lees short-term market forecast may not have materialized, but hes sticking with his bullish long-term prediction despite the setback. If anything, Fundstrat Global Advisors Lee is digging in his heels even further, reportedly reiterating his forecast for a $25,000 BTC price by year-end. What Happened Lee placed a great deal of stock
The post $25,000 in 2018: Bitcoin Bull Tom Lee Sticks to Strong Forecast Despite Failed Prediction appeared first on CCN
Authorities in Poland have realized how inapplicable their decision to tax all crypto transactions really is. A high-ranking official from the Finance Ministry said in an interview that his department accepts the irrational effect of the tax it wanted to levy on every purchase and sale of cryptocurrency, regardless of their profitability. Other reports suggest that Warsaw has no intentions to strictly follow the letter of the current tax law before it develops a comprehensive approach towards the crypto sector.
The Polish Finance Ministry intends to issue a new regulation to temporarily abandon the tax on transactions with virtual currency. It also plans to carry out in-depth analysis and prepare system solutions to regulate this particular economic space. The move comes after an interpretation of the tax code in April prompted angry reactions from the countrys crypto community, an online petition, and even protests in Warsaw.
The Ministry of Finance has accepted the irrational effect of the PCC tax on cryptocurrencies, Deputy Finance Minister Pawe Gruza recently told Business Insider Polska. He was commenting on his departments decision to impose the Polish Civil Law Transactions Tax (PCC in Polish) on all crypto transactions. So far, the Ministry hasnt done anything about the PCC, except for...
The state of Colorado may soon allow political committees to accept contributions in cryptocurrency. The Bureau of Colorado State Secretary released a brand new working draft of its Rules Concerning Campaign and political finances on Wednesday, which especially includes a brand new section on cryptocurrency donations. The document, which upgrades the Code of Colorado Regulations, doesnt specify any particular cryptocurrencies from the rule, but does allow for market volatility also includes certain restrictions. The proposed guidance states: . A committee can take deposits in cryptocurrency, up to the acceptable limit for a cash or coin contribution. The amount of the contribution is the value of the cryptocurrency during the time of the contribution.
The committee must report any profit or loss after the contribution as other receipts or income. Further sections note the anonymous contributions have to be below $20, with contributions at or above that amount being donated to a charitable organization or the state treasurer. No maximum limit is specified in the document for contributions from identified donors, instead referring to supplementary documentation. In accordance with the Secretary of States site, this limit can vary from $200 to no prohibition, depending upon the position for which a candidate is running. Residents of Colorado can offer comments at the secretarys office on the project up 5: 00 p.m.
Local time on May 23. If approved, Colorado would become the most recent state to allow cryptocurrency donations for this purpose. The Federal Election Commission that oversees national level campaigns formerly announced itd enable bitcoin donations to political campaigns, like reported by CoinDesk. But, it is uncertain whether the 2014 advice would apply to a broader set of cryptocurrencies that exist today. Vote button image through Shutterstock. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
China-based Canaan Creative, one of the largest bitcoin mining hardware makers, has filed for an IPO in Hong Kong.
Former OKEx CEO Chris Lee has joined rival cryptocurrency exchange Huobi as its vice president of global development, just days after stating that he was leaving his former employer so that he could spend more time with his family. Huobi made the announcement on Monday, explaining in a statement that Lee would help spearhead the
The post Cryptocurrency Exchange Huobi Poaches CEO from Major Rival OKEx appeared first on CCN
Cryptocurrencies and blockchain, undoubtedly, will disrupt companies and entire industries in the near future. OPEN Platform has been working hard from day one to push this vision forward by creating the tools that allow any developer anywhere to accept cryptocurrencies in a plug-and-play manner. This has the potential to tap into the $400 billion of cryptocurrencies, the vast majority simply sitting in wallets. OPEN completely challenges the status quo by allowing anyone to actually spend their cryptocurrencies on goods and services.
Any developer, with a few simple lines of code, can integrate the OPEN API and implement an on-chain payment system while keeping their codebase off-chain. This allows any payment that is made on-chain to communicate with the applications backend, which is absolutely critical for applications to function correctly. Current solutions such as Bitpay fail to cater to application developers and do not really provide a developer-focused ecosystem similar to what OPEN is building.
As OPEN built and released the OPEN API for developers to begin using, the team analyzed both the on-chain and off-chain functionalities that were required. OPEN provides a powerful connection between off-chain and on-chain components; however, could OPEN develop a revolutionary on-chain feature?
The OPEN team began looking into developing a new blockchain. A new type of chain that would actually push the blockchain space forward. After an extensive research and development period, OPEN is excited to announce OPEN Chain.
OPEN Chain will allow for the improved mainstream adoption of cryptocurrencies through a high throughput blockchain focused on interoperability and scalability. This new type of blockchain with a combination of different components will allow for data transfer between chains at high volumes per second, competing effectively against existing centralized solutions. Components of OPEN include:
OPEN Chain: A high-throughput blockchain built using the OPEN Rapid Consensus mechanism
OPEN Cluster: A collection of interoperable blockchains within our ecosystem
Scaffolds: Interoperable data gateways deployed to blockchains within the OPEN Cluster that translate on-chain data into the OPEN States
OPEN State: Singular source for all on-chain data across every blockchain in the OPEN Cluster and linked to the applications backend
Blockchain Load Balancing Protocol: Turning a network of interoperable blockchains in the OPEN Cluster and parallelizing data processing between each in order to achieve unmatched levels of throughput
OPEN Distributed Data Network: A distributed storage network that allows off-chain data to be referenced and updated by Scaffolds on any chain
OPEN Chain provides a completely novel way of routing and process...
Roger Ver, Bitcoin.com CEO and Mate Tokay, COO, has become advisors to a fintech startup to bring new benefits to the Bitcoin Cash community #SPONSORED
A confluence of technologies is poised to dramatically reshape manufacturing and, in the process, render obsolete the international trade regime.
Cryptocurrency exchange Kraken donated $1 million to Coin Center and pledged they will match donations made up to $1 million. After slamming a fact-finding inquest into crypto-exchanges, this shows their support for research designed to help regulators.
Executive Director of Coin Center, Jerry Brito, made the surprise announcement at the Coin Center Annual Dinner on May 14. He announced the donation and said that Kraken will match any donations made within May up to a tune of $1 million. This shows Kraken wants to create informed regulation of the industry and comes after the SEC said it will target fraudulent ICOs.
The great work that Coin Center does is extremely important and referenced by governments around the world. Theyve been ardent defenders of blockchain technology, cryptocurrency and innovation. Their work benefits the community, the industry and people who have yet to hear about Bitcoin. We are very proud to be able to support their continued effort.
We are very proud to announce our $1m donation to @coincenter, the Night's Watch of crypto. Additionally, we'll be matching 1:1 all other gifts, up to $1m, during May. We hope that you will join us in supporting their amazing and important work.https://t.co/2QGWwhunK3
Kraken Exchange (@krakenfx) May 15, 2018
Coin Center is a non-profit think tank targeted at public policy for blockchain technology. Their aim is to educate the public and the regulators in order to promote innovation and growth in the industry. They produce and publish research from academics and experts which provide governments with accurate data to base their policy decisions on.
Coin Center said:
These contributions will go a long way to helping us gear up for the increased attention to cryptocurrencies here in DC. So, if youve been thinking about donating t...
Chinas IT ministry has published a report showing that 2017 was a banner year for the blockchain sector, with 178 new domestic blockchain startups
GoTenna, a decentralized startup, has teamed with Samourai Wallet, a bitcoin wallet focused on privacy and security, on an app that allows users to trade bitcoin when not connected to the web. The TxTenna app marks an effort to further decentralize the bitcoin network, according to Richard Myers, a goTenna decentralized applications engineer and co-founder
The post Startup Teams Samourai Wallet on App to Trade Bitcoin Without the Internet appeared first on CCN
FCA-regulated, fiat trading platform LMAX launches crypto exchange targeting institutional investors
The upcoming implementation of a major regulatory push by the European Union to control how companies can operate on the Internet has killed another venture in the cryptocurrency sphere. This story, astrology-based financial investment, and many more feature in todays edition of Bitcoin in Brief.
Also Read: Marvel, The Simpsons Go Crypto
The team behind Parity Technologies, the developers of the Parity multi-signature wallet, have announced they are shutting down PICOPS, a service used by ICO campaigns to comply with KYC/AML regulations by validating that the owner of an Ethereum wallet has already passed an ID background check. The reason for the closure is a new EU dictate called the General Data Protection Regulation (GDPR), which is meant to bring a new set of digital...
Bitcoin (BTC) has bounced back over $8,500, but the rally is not
backed by decent trading volumes, the specialized charts
The cryptocurrency closed below key technical levels on Thursday, signaling a bearish breakdown, but the sell-off suddenly ran out of steam at $7,925 a day afterwards. Subsequently, bitcoin accumulated greater than $500 over the weekend, climbing back above resistance in the 50-day moving average.
At time of writing, BTC is changing hands at around $8,530, having clocked a six-day high of $8,644 before today.
While a week pasts bearish tendency appears to have run out of steam (as seen from the charts below), the weekends low-volume rally risks trapping the bulls on the wrong side of the marketplace.
The inverse head-and-shoulders breakout signifies short-term
trend reversal i.e. the pullback from the high of $9,990 has
finished and the breakout has opened the doors to $9,000 (target as
per the measured height method.
The daily chart shows yesterdays candle closed (as per UTC) over
Saturdays doji candle high of $8,468, signaling a bullish reversal.
Further, the 5-day and 10-day moving averages have shed bearish
bias (are not any longer sloping downwards).
Consequently, the likelihood that bitcoin will rally to $9,000 this week is high. Nevertheless, the bullish case significantly simplifies if we take into consideration the amounts for trading quantity.
Volume is an essential indicator, as it shows the level of interest in bitcoin. A rally endorsed by high volumes means increased reliance can be put on the bullish move. On the other hand, a low volume rally trends to turn out to be a bull trap.
In BTCs case, now, trading volume on Bitfinex carries on to decrease and much more significant remained low alongside positive price action, as seen from the chart above. Further, trading volume across all exchanges fell below $5 billion on the weekend the lowest amount since Apr 11, according to CoinMarketCap.
Therefore, the sustainability of the rally seen over the weekend is under question.
BTC rally lacks material (low volumes), thus the outlook is
probably neutral, regardless of the inverse head-and-shoulders
breakout (4-hour chart) along with the bullish doji reversal (daily
A failure to hold over $8,475 (inverse head-and-shoulders neckline) would revive the bearish perspective and allow a fall to Fridays low of $7,925.
On the higher side, only a high volume move over the 100-day moving average, now seen at $8,857, could open the doors to $10,000.
Running up measures picture via Shutterstock
The leader in blockchain news, CoinDesk is a media outlet that strives for the greatest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Curr...
Chris Lee, the former Chief executive officer of Hong Kong based crypto exchange OKEx, has declared hes joining rival platform Huobi because its VP of international business development. According to a statement by Singapore based Huobi on Monday, Lee will head the groups international mergers and acquisitions plan and oversee global development since the exchange moves towards international expansion. Im a huge believer in blockchain technology and see exchanges as the core of the market, Lee stated in the statement. The new appointment comes only a week after Lee declared his resignation from OKEx on WeChat a departure that came after only months since the platforms CEO.
According to his statement, Lee had been with OKExs parent company OKCoin because 2015. He was appointed Chief executive officer of OKEx following his predecessor, OKCoin creator Star Xu, stepped down from the role in February. In a public opinion on WeChat, Lee indicated that OKCoin has undergone a notable turnover rate of senior executives at the past several years. He explained: For my former employer, Ive done all I could. The very first creation of OKCoins international and management teams have left.
Just how a lot of the second generation are still there? . And just the number of CTOs have left in the last 3 to four years? . . Lees resignation also comes right after OKEx faced accusations from investors that it manipulated bitcoin futures trading on the stage. As mentioned formerly by CoinDesk, OKEx rolled down futures transactions on March 30 following what it called an occasional market off, after denying allegations that it triggered forced liquidations of accounts by simply manipulating the costs . Weve not reason to, and have never and wont, manipulate the costs of some of our market, it stated at the time.
Most lately, China National Radio, a high level government mouthpiece, also aired doubts about the legality of bitcoin futures offered by OKEx. On the other hand, the stage hasnt responded to the allegation. Bitcoin miniature picture via Shutterstock. The leader in blockchain information, CoinDesk is a media store that strives for the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
The world of cryptocurrency is always evolving. Existing service providers need to introduce new features on a regular basis. Etherscan is working on some new tools which seem quite appealing. This most recent update also shows the decentralized exchange ecosystem related to Ethereum is growing rather quickly.
Most cryptocurrency users rely on Etherscan to track ERC20 token balances and network blocks. While that is a worthwhile feature, the platform offers a lot more potential. Its latest batch of new features illustrates that point rather perfectly. Various new tools were introduced in the past few weeks which offer a broader insight into how the ecosystem is evolving.
Wow, @etherscan has a lot of really cool new tools lately:
Glad to see ethereum growing such a robust DEX ecosystem!
Vitalik "Not giving away ETH" Buterin (@VitalikButerin) May 19, 2018
One of the more appealing features is the decentralized exchange order tracker. A decentralized exchange does not require users to trust funds to a third party. Nor is there any official order book, as traders are matched in a peer-to-peer manner. Various DEX exist in the cryptocurrency world these days. Etherscan now tracks a few of them, albeit that list will continue to grow as more time progresses.
With this features, users can see which trades take place on which DEX. It is a big step forward toward making this type of exchange model a lot more...
Colorado's Secretary of State has proposed allowing political committees to accept contributions in cryptocurrency.
The investment and corporate banking arm of Sberbank and telecom giant MTS have laid claim to conducting Russias first commercial bond transaction using blockchain technology. In an announcement, MTS revealed it had placed commercial bonds worth RUB 750 million (approx. $12 million) on a proprietary blockchain platform provided by the countrys National Settlement Depository powered
The post 750 Million: Russias Largest Bank Buys Commercial Bonds on a Blockchain appeared first on CCN
Heres what happened this week in Bitcoin in 99 seconds. Heres what happened this week in Bitcoin in 99 seconds. Consensus 2018 conference, held in New York, failed to trigger the anticipated Bitcoin price rally as it does each year. The turn out for the event was extremely overwhelming with almost 8500 people attending the conference. [...]
In a matter of days, the outgoing CEO of the worlds largest crypto exchange OKEx has joined rival exchange Huobi
Cryptocurrency exposure is in high demand these days. Especially institutional investors are willing to take a gamble when it comes to Bitcoin and altcoins. Finding service providers granting access to these markets is still an ongoing struggle. LMAX Exchange Group is setting up the first physical cryptocurrency exchange for institutional clients.
Exposing institutional investors to cryptocurrency volatility is always a gamble. The actual demand for this degree of exposure is not the same as the general interest in such features. Both CME and CBoE found that out first hand over the past few months. After a very slow start to Bitcoin futures trading, it seems the volume is picking up a bit lately.
LMAX Exchange Group is attempting to offer a different approach. They will focus on the liquid established cryptocurrencies. This list includes Bitcoin, Ethereum, XRP, Litecoin, and Bitcoin Cash. Trading of these currencies will be available on a 24/7 basis through the LMAX Digital platform. This new service aims to function as a credible and efficient platform where cryptocurrencies can be traded among like-minded investors. LMAX Exchange Group CEO David Mercer explains:
We are furthering the legitimisation of the cryptocurrency market by offering institutions a platform on which to acquire, trade and hold cryptocurrencies securely with high quality, deep liquidity.
On paper, bringing cryptocurrencies to institutional investors can have major consequences. If these investors take some risks, the value of all supported cryptocurrencies can skyrocket fairly soon. Despite that appeal, it seems institutional traders have made very little impact on the industry to date.
LMAX Exchange Group is confident they can make a big impact. Their LMAX Digital platform will focus on...
The former chief executive of Hong Kong-based crypto exchange OKEx has said he is joining rival platform Huobi just a week after his resignation.
This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
During Consensus Week in New York, Singapore-based blockchain technology company, ECOMI, announced its first license with tokidoki, the internationally recognized and iconic lifestyle brand that has amassed cult-like following for its larger-than-life characters.
ECOMI will bring tokidokis iconic characters into the digital world with verified ownership by creating digital tokidoki collectables in the form of a non-fungible token available on the ECOMI Collect app.
We chose tokidoki as our first brand partner because of their ambition to expand into the digital realm when it comes to collectable items, says David Yu, CEO of ECOMI.
Their very diverse global audience are already collecting tokidokis unique characters in various forms. Being able to have verifiable ownership of unique digital art on the ECOMI Collect app is going to change the way collectables are viewed, bought, and traded.
With the decentralized nature of blockchain, the ECOMI Collect app will simplify interactions with underlying technologies by bringing licensed digital collectables to a global audience while maintaining international standards of security, and intellectual property protection.
We are always looking to work with innovative companies and look forward to disrupting the collectables market with ECOMI, says Pooneh Mohajer, tokidoki Co-founder and CEO
Since the dawn of cyberspace, the nature of the Internet has made it very easy for expressions of creative works such as, but not limited to, literary, graphic, and audio-visual works, to be copied and distributed over the Internet anonymously, which has been a risk for creators.
We feel the tokidoki characters can be applied to all products and are especially excited that we will be one of the first licenses in the...
Masjid Ramadan or Shacklewell Lane Mosque in London is taking a forward-thinking approach to the Islamic practice of Zakat and Sadaqah, alms-giving. Based in Dalston (Hackney), East London, Shackwell Lane Mosque is the UKs first Turkish-owned mosque, managed by the registered charity UK Turkish Islamic Trust. CCN spoke with the mosque chairman Erkin Guney, the mosques Continued
The post This Mosque Could Be Britains First to Accept Crypto for Alms-Giving During Ramadan appeared first on CCN
Bitcoin has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate.
Australian Competition and Consumer Commission (ACCC) has shown in a report that crypto related fraud makes up a tiny percent of scam activity in 2017.
The watchdogs report entitled Targeting scams: Report of the ACCC on scams activity 2017 researched over 200,000 scams submitted to them (the ACCC), the Australian Cyber-crime Online Reporting Network, and other state and government-based agencies in 2017 and found that Australians lost AU$2.1 million in crypto related scams out of the overall AU$340 scam economy, or 0.617%.
The report shows that about AU$100,000 was lost per month in crypto related scams with the exception being December 2017 when the price of Bitcoin was skyrocketing and its popularity went up with it resulting in a seven-fold increase. The ACCC wrote Scammers adapt each year and find ways to exploit popular trends, new platforms, new ways of communicating, fad products, changes to legislation, or new investment opportunities, according to ZDNet, adding further in the report that;
As the value of actual cryptocurrencies increased, so too did the scam losses in what people thought were real investments, the report continued. By the end of the year, reports of losses related to cryptocurrencies exceeded Au$2.1 million but as with other scams, this is likely the very tip of the iceberg.
The majority of scams with a crypto angle reported were initial coin offering (ICO) related and almost all were perpetrated on the confusion of how cryptocurrency works. Many of these being essentially pyramid schemes involving investors who were either friends or neighbors of the victims.
Overall the ACCC reported that Australians lost AU$340 million to scammers in 2017. Of those loses investment scams topped the categories at AU$64 million with dating and romance-related scams following behind at AU$ 42 million. ACCC Deputy Chair Delia Rickard said;
Some scams are becoming very sophisticated and hard to spot. Scammers use modern technology like social media to contact and deceive their victims. In the past few years, reports indicate scammers are using aggressive techniques both over the phone and online,
Scamwatch received 33,000 reported impersonation scams where 2,800 people gave out personal information which accounted for AU$4.7 million in losses. The ATO will never threaten you with immediate arrest; Telstra will never need to access your computer to fix a problem; and Centrelink will never require a fee to pay money it owes you,...
Bitcoin price is trading with a positive bias above $8,400 against the US Dollar. BTC/USD could extend the current move above the $8.650 and $8,800 resistance levels.
After a spike below the $8,000 level, bitcoin price found a strong buying interest against the US Dollar. The BTC/USD pair traded as low as $7,915 before starting an upside move. It gained traction and moved above the $8,000, $8,200 and $8,400 resistance levels. The upside move was positive since there was a close above the $8,400 pivot level and the 100 hourly simple moving average.
BTC buyers got in control and pushed the price above the last swing high of $8,506. It opened the doors for more gains and it seems like the price may well test the 1.236 Fib extension level of the last decline from the $8,506 high to $7,915 low. At the moment, the price is consolidating gains above the $8,400 level. There is also a significant ascending channel formed with support at $8,400 on the hourly chart of the BTC/USD pair. Should the price gain bullish momentum, it could easily break the $8,600 resistance to test the 1.618 Fib extension level of the last decline from the $8,506 high to $7,915 low at $8,870.
Looking at the chart, the price remains well supported above the $8,400 level. A downside break below $8,400 may well call for a short-term reversal of the current trend.
Looking at the technical indicators:
Hourly MACD The MACD for BTC/USD is slightly in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI is moving lower towards the 50 level.
Major Support Level $8,400
Major Resistance Level $8,650
Almost 40% of all Chinese blockchain startups emerged in 2017 alone, based on a brand new technical document published by Chinas Ministry of Industry and Information Technology. Revealed by the ministrys Information Center on Monday, the blockchain business paper suggests that now China has 456 startups whose main businesses are focusing on blockchain technology development and software. Even though the number of fresh blockchain companies in 2016 had tripled compared to that in 2015, the year 2017 saw exponential growth, it states, with a total of 178 novices. In the mean time, corresponding to this tendency, comparable momentum was seen in equity funding for blockchain startups.
In accordance with the government data, now there are 249 equity funding initiatives which directly relate to blockchain startups, and almost 100 of them have started in 2017. That number marks greater than the total recorded from 2014 to 2016, the newspaper says, and especially, the industry has seen 68 equity funding initiatives for blockchain startups in the first quarter of 2018. Published as a comprehensive overview of the blockage perspective in China, the 157 page white paper marks the most recent attempt by the Chinese authorities to deliver knowledge of the nascent technology into the public, and also shed light on future growth particularly about regulatory frameworks.
While reiterating the value of maintaining the ban on first coin offerings, the ministry also argues in the newspaper that Chinas present patent law finished a decade ago might already be obsolete with regards to protecting intellectual possessions for blockchain engineering. By way of example, as explained in the paper, the patent law in China currently only seeks to safeguard those technologies use cases that may be specifically summarized by patent applicants. However, blockchain is an underlying technology which has a vast selection of application situations. Its both hard and costly to require patent applicants to record all potential and particular use cases so as to gain IP protections, the newspaper wrote, adding: If we wish to shield blockchain technology IPs, then weve to make sure adjustments to how a patent law has been practiced.
Read the complete white paper below: China IT Ministry 2018 Block-charter document from CoinDesk on Scribd. China flag picture via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that strives for the greatest journalistic standards and complies with a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Cardano price is gaining bullish momentum against the US Dollar and Bitcoin. ADA/USD may continue to rise as long as it is above the $0.2480-0.2500 support zone.
After a major decline, ADA price found support above the $0.2300 level against the US Dollar. A low was formed at $0.2304 before the price started an upside correction. It gained bullish momentum and moved above the $0.2400 and $0.2500 resistance levels. The price traded with a positive bias since there was a close above the $0.2400 pivot level and the 100 hourly simple moving average.
During the upside move, the price also broke a bearish trend line with resistance at $0.2450 on the hourly chart of the ADA/USD pair. Moreover, there was a clear break above the 50% Fib retracement level of the last drop from the $0.2756 high to $0.2304 low. These are positive signs and suggests that the price may continue to move higher. On the downside, there is a major bullish trend line formed with support at $0.2480 on the same chart. Additionally, the $0.2500 level is also a decent support, followed by $0.2480 and the 100 hourly SMA at $0.2450.
The chart indicates that the price has to move above the $0.2600 resistance to gain pace. Furthermore, a close above the 61.8% Fib retracement level of the last drop from the $0.2756 high to $0.2304 low will most likely push the price towards the $0.2750 swing high.
Hourly MACD The MACD for ADA/USD is mostly flat in the bullish zone.
Hourly RSI The RSI for ADA/USD is well above the 50 level.
Major Support Level $0.2480
Major Resistance Level $0.2600
Forty percent of all Chinese blockchain startups emerged in 2017 alone, according to a new report published by China's IT Ministry
In its annual report on scams, Australias national consumer watchdog has revealed that cryptocurrency-related fraud has cost Australians over AUD $2.1 million in losses last year. The Australian Competition and Consumer Commission (ACCC) has published its annual targeting scams report on Monday, revealing accumulated total losses of some AUD $340 million to scammers from 200,000 Continued
The post Crypto Scams, Fake ICOs Cost Australians Over AU$2 Million in 2017: Consumer Watchdog appeared first on CCN
Coincheck will delist Monero and three others cryptocurrencies deemed to grant too much anonymity to holders under orders from the Japanese FSA.
According to Sputnik Coincheck has confirmed rumors that they will be removing Monero (XMR), Zcash (ZEC), Dash and Augurs Reputation (REP) coin from trading on its exchange by June 18 in accordance with Japans Financial Services Agencys new policy which aims at banning cryptocurrencies that offer significant anonymity. The exchange has reported that any of the banned cryptocurrencies remaining in users wallets after June 18 will be converted to Japanese Yen at the market rate.
Coincheck has had a raucous 2018 already; being the target of the second largest ever cryptocurrency heist in January when they lost approximately $530 million of traders money which they then struggled to pay back from their own coffers. The hack brought them under heavy scrutiny by the FSA, circumstances that may have led to them being acquired by Monex and now this ban.
The FSA re-structured its regulatory measures on exchanges after the Coincheck hack to enforce more transparency in the crypto market. A ban on tokens that offer high levels of privacy and anonymity coming under their axe is of little surprise as they continue to search for the tokens stolen from Coincheck that seem to have been moved from wallet to wallet as anonymously as possible.
Monero has been among the top ten cryptocurrencies and is enormously popular in Japan but has garnered criticism for being the new crypto for criminals mostly due to it being favored by drive-by miners. The FSA has established the ban as a way to crack down on digital currency it sees as useful for money laundering and other nefarious enterprises.
In the wake of the January hack, Coincheck suspended all withdrawals which it has been lifting since on a coin by coin basis. In a bid to regain customer trust they have been promoting zero-fee trading since March. The exchange has also claimed the right to deny any transaction being made without a valid reason and has imposed new verification standards for all users. Still, Coincheck announced it will drastically review its own controls and continue to comply with regulations from the FSA in order to strengthen its efforts ag...
Crypto is set for yet another banner year, especially if mainstream portrayals of it are any indication. Marvel Comics Hunt for Wolverine Adamantium Agenda #1 and The Simpsons: Tapped Out video game are both working-in references to cryptocurrency into their respective storylines and quests in attempt to capture some of the excitement regarding moneys future.
Mobile games have been the rage for years now, and among the so-called freemium games, The Simpsons: Tapped Out is a very popular choice within the genre. In the world of the game itself, ...
Ripple price is moving nicely in a positive zone against the US Dollar and Bitcoin. XRP/USD may well rise further above $0.7100 and towards $0.7400.
There was a decent support base formed near the $0.6500 level in Ripple price against the US Dollar. The price started an upside move and traded above the $0.6600 and $0.6800 resistance levels. The upside move was positive as there was a close above the $0.6800 resistance and the 100 hourly simple moving average. There was even a spike above the $0.7000 level where sellers appeared.
The best part is the fact that the price is now above the 38.2% Fib retracement level of the last decline from the $0.7483 high $0.6481 low. At the moment, there is a crucial ascending channel forming with support at $0.6850 on the hourly chart of the XRP/USD pair. The pair is trading with a positive bias with resistance near the $0.7100 level. It also represents the 61.8% Fib retracement level of the last decline from the $0.7483 high $0.6481 low. The channel resistance is also close to $0.7100. Therefore, a break above $0.7100 wont be easy.
Looking at the chart, the price may well move above $0.7100 if it stays inside the channel. A push above the $0.7100 resistance will most likely clear the path for more upsides in XRP towards $0.7300 and $0.7400.
Looking at the technical indicators:
Hourly MACD The MACD for XRP/USD is currently flat in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for XRP/USD is moving higher towards the 60 level.
Major Support Level $0.6850
Major Resistance Level $0.7100
The post Ripple Pric...
On previous reports, CCN noted that the $8,200 resistance level is an important threshold to observe given that a drop below the $8,200 mark could lead the bitcoin price back to the $7,900 region. Over the past 24 hours, the cryptocurrency market has rebounded as the bitcoin price reached $8,500 and tokens such as Tron
The post Bitcoin Price Back at $8,500: Cryptocurrency Market Rebounds After Poor Week appeared first on CCN
The Daily Economist 052018 Gold, Bitcoin, and Cryptocurrency Update Video Video Source
The post The Daily Economist 052018 Gold, Bitcoin, and Cryptocurrency Update (Video) appeared first on The Daily Coin.
Much has been written about what went wrong at last weeks Consensus 2018. Why despite the massive increase in attendance the energy surrounding the conference felt so muffled and ultimately why it failed to provide the market bump that analysists and pundits predicted.
In hindsight, some of the problems are clear to see; the tickets were expensive and it didnt support cryptocurrency for any event transactions. Those who attended said the discussions were outdated and even NPRs Wait Wait Dont Tell Me took a dig at the rented Lambos. Uber crypto bull Tom Lee though at least had the decency to own up to his misreading of the events influence on Bitcoins price.
Fundstrats Tom Lee predicted in a note to clients on May 7 that taking into account the low trading price of Bitcoin going into the conference which began on May 14th coupled with the way the market had reacted to previous years Consensus gatherings Bitcoin could gain anywhere from 10-70%. He wrote to Fundstrats clients;
Already one of the largest crypto conferences in the world, attendance this year is up dramatically and coming at a time when Bitcoin/Crypto is down YTD. Hence, we expect the Consensus rally to be even larger than past years.
As we know now Consensus did not create a market pump. In fact, Bitcoin slumped through the three day period about 10% taking the rest of the market down with it losing $45 billion since May 10, according to Coinmarketcap.com.
Lee owned up to his bad prediction in a new report to clients in which he exams why the annual gathering failed to push up the price of Bitcoin. Lee wrote his investors that the continued lack of clarity from regulators like the Securities Exchange Commission and the slow pace of adoption by traditional companies were factors. According to Bloomberg, he wrote;
Crypto still faces significant internal resistance and hurdles within traditional financial institutions, but it is encouraging, nonetheless, that a large share of incremental attendance are financial institutions.
Others who attended Consensus 2018 would agree with Lee on some of his points but were less moderate in the way they expressed their disappointment with the conference. Reddit Poster U/korgijoe started a thread entitled Consensus 2018: It sucked. Heres why in which...
Ethereum price is back in a positive zone against the US Dollar and Bitcoin. ETH/USD has to remain above the 100 hourly SMA to extend gains above $715.
The past few sessions were mostly positive for ETH price as it moved above the $690 and $700 resistance levels against the US Dollar. The price even spiked above the $720 level, but it failed to extend gains towards $740. A high was formed at $724.80 before the price started a downside correction. It declined and moved below the $720 and $715 levels.
During the decline, there was a break below the 23.6% Fib retracement level of the last wave from the $683.40 low to $724.80 high. However, there are many supports on the downside above the $700 level. There is also a key connecting bullish trend line formed with support at $704 on the hourly chart of ETH/USD. The same trend line is positioned near the 50% Fib retracement level of the last wave from the $683.40 low to $724.80 high. More importantly, the 100 hourly simple moving average is near $700-702. Therefore, the price is likely to find strong bids near the $700-704 zone.
Looking at the chart, the price is likely to move higher as long as it is above $704 and the 100 hourly SMA. On the upside, a break above the recent high of $724 could open the doors for a push towards the $740 resistance.
Hourly MACD The MACD is slightly placed in the bearish zone.
Hourly RSI The RSI is struggling to hold the 50 level.
Major Support Level $700
Major Resistance Level $724
The post Ethereum Price Analysis: Can ETH/USD Continue Higher? appeared first on...
Another Monday morning in crypto land brings us a little more hope as markets are once again climbing back towards $400 billion. Bullish technical signals are aplenty and Bitcoin is currently 2.9% up on the day at $8,500. The weekend has been flat with no news or momentum in either direction. Altcoins are pretty much all in the green this morning making steady gains. The altcoin everybody loves to hate is shooting off again this morning, Tron.
Take a look at any social media crypto group and youll see posts taking jibes at Tron and its founder. But there is no denying that TRX is traded heavily in Asia where they seem to have a different opinion. Coinmarketcap is reporting a 19% climb for Tron since this time yesterday with strong technical signals for further gains. Currently trading at $0.084 from $0.070 24 hours ago Tron is on a charge again. Weekly gains have been a similar 17% and the Monday momentum is pushing this altcoin higher than all of the others in the top 25. Over the past month TRX has climbed 66% from $0.050 this time in April. Against Bitcoin Tron is up 15% on the day to 975 satoshis from 850 sats this time yesterday. Monthly gains on BTC have been over 70% from a level of around 570 satoshis the same time last month.
Tron is heavily hyped on social media and Twitter where founder, Justin Sun, seems to spend most of his waking hours. Buildup to the launch of Tron mainnet and the separation from the Ethereum blockchain is driving current upwards momentum. The launch of a virtual machine this week to enable cross-compatibility with Ethereum dApps has also added to the upside swing;
On May 31st (GMT+8) we launch #TRONmainnet and begin our move from the #Ethereum platform, with already more than 1 million $TRX hodlers ready for fair elections. Be sure to tune in for the livestream event. #TRON...
Bitcoin cash price is showing a few positive signs above $1,250 against the US Dollar. BCH/USD is currently correcting lower and it remains supported above $1,240.
After forming a base around the $1,150 level, bitcoin cash price started an upside recovery against the US Dollar. The price traded higher and it managed to move above the $1,200 and $1,240 resistance levels. The upside move was very positive since the price closed above the $1,250 resistance and the 100 hourly simple moving average. It even spiked above the $1,300 level before starting a downside correction.
A high was formed at $1,315 and the price corrected below the 23.6% Fib retracement level of the last wave from the $1,165 low to $1,315 high. However, there are a few key supports on the downside near $1,250. At the moment, a key bullish trend line with support at $1,255 on the hourly chart of the BCH/USD pair is protected losses. Moreover, the 50% Fib retracement level of the last wave from the $1,165 low to $1,315 high is placed near the $1,240 level to prevent declines.
Looking at the chart, the price is likely to break the trend line support at $1,255. However, there are high chances that the price could find a strong support near $1,240. On the upside, a close above $1,300 will most likely accelerate gains.
Looking at the technical indicators:
Hourly MACD The MACD for BCH/USD is currently moving in the bearish zone.
Hourly RSI (Relative Strength Index) The RSI for BCH/USD is currently holding well above the 50 level.
Major Support Level $1,240
Major Resistance Level $1,300
Tron Price Key Highlights
Tron broke higher from its short-term consolidation to confirm that bulls are back in play, taking it up to the next upside targets.
Technical Indicators Signals
The 100 SMA has just crossed below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that theres still a chance for the selloff to resume from here. However, the gap is still pretty narrow so a new upward crossover might still be in the works.
RSI is heading up to show that buyers have the upper hand but is also in the overbought zone to signal exhaustion. Turning back down could draw sellers in and lead to another dip in Tron. Stochastic also has some room to climb so Tron might follow suit, but the oscillator is also dipping into overbought territory.
Sustained bullish momentum could take Tron up to the 38.2% Fib at 0.08848 or the 50% Fib near the swing high around the 0.10000 level. Stronger bullish momentum might lift it to the 61.8% extension at 0.10600 or new highs closer to the 78.6% extension of 0.12000. The full extension is located at 0.13433.
Tron is scheduled to launch the mainnet by the end of this month so its understandable that investors might be positioning ahead of the event. Apart from that, they also announced the launch of a virtual machine by May 25. The creators wrote:
[We] will be able to break away from Ethereum and its low-efficiency, congestion-prone network, high fees, and steep learning curve. We will open the doors to a new cryptocurrency stage focused on scaling and commercialization, providing next generation infrastructure and express lanes needed for global dApp development.
The post Tron (TRX) Price Watch: Bullish Run Ready to Resume, Upside Targets appeared first on NewsBTC.
Bitcoin Price Key Highlights
Bitcoin price seems to be done with its correction and ready for a climb, but technical indicators have yet to catch up.
Technical Indicators Signals
The 100 SMA is still below the longer-term 200 SMA to signal that the path of least resistance is to the downside. This suggests that the selloff is more likely to resume than to reverse. However, price has moved past the 100 SMA dynamic inflection point as an early signal of bullish momentum.
RSI is on the move up to show that theres some buying momentum left, but the oscillator is nearing overbought conditions to reflect exhaustion. Similarly, stochastic is heading north so bitcoin price could follow suit, but the oscillator is also approaching overbought levels. Turning back down could draw sellers in once more.
If bulls are able to stay in control, they could push bitcoin price up to the next potential resistance at the 38.2% extension or $9279. The 50% extension is near the $9700 major psychological level while the 61.8% extension lines up with the swing high around $10,000. Stronger bullish pressure could take it up to fresh highs at the 76.4% extension or $10,705 level or the full extension at $11,461.
For now, though, market watchers are paying extra close attention to the energy costs related to mining bitcoin. This casts doubts on the sustainability of this particular cryptocurrency, but the improved sentiment in the industry to start the week appears to be providing enough support.
Looking ahead, the FOMC minutes could turn the spotlight back to dollar movements as stronger tightening hints could boost the US currency higher against bitcoin price once more. To top it off, a return in geopolitical risk could weigh on the riskier asset.
The post Bitcoin (BTC) Price Watch: Support Holding, Bullish Pattern Forming appeared first on NewsBTC.
The new digital gold standard? Well, of course. That goes without saying!
Goldman Sachs current president, David M. Solomon who moonlights as an EDM DJ and practices yoga is set to become the companys CEO by the end of this year.
Solomon, who has already started putting together his management team, is set to replace longtime Chief Executive Lloyd C. Blankfein. The move has been a quick one, as just this past March Solomon was named sole President of the Wall Street giant. For the cryptosphere his appointment could mean good things, as both Solomon and Goldman have expressed interest in furthering development of digital coin-related offerings.
Blankfeins exit will likely take place in conjunction with the firms annual dinner for retired partners in December, according to two people familiar with the matter who spoke with the New York Times. Solomon, it seems, is set to step in shortly after that.
Blankfein, a onetime gold salesman who is known for his intellect and wit, steered Goldman through the tumultuous 2007 U.S. housing market collapse, but not without seeing the firm suffer damages to its reputation. Since then, Goldmans business model has been hurt by tough federal regulations meant to curb risk-taking on Wall Street and help prevent another collapse.
Because of this, the firm, once reliant on high-flying traders, now has to look elsewhere for new revenue. One way Goldman is doing this is by expanding its online-lending business and doing more trading of currencies and commodities on behalf of large corporations.
Earlier this year, Goldman made its first hire in digital current space a move which shows how serious it is in helping give clients access to the emerging asset class. The firm hired former digital currency trader Justin Schmidt as Vice President and head of digital asset markets in Goldmans securities division.
Furthermore, since as early as December of last year some reports have indicated that Goldman is in the process of developing a trading desk to deal in digital currencies. At the time, it was indicated that firm...
In the last week, the depreciation was slow now that Ripple sellers are finding resistance at 60 cents. Despite this, sellers did confirm the 3-bar reversal pattern clear after week ending May 6 close. Today, its just a matter of waiting and if there are favorable news that would buoy prices then the better. In any case, our reasonable buy triggers are set at 75 cents while sells can find theirs at 60 cents.
Implementation of blockchain technology towards solution of every days problem will for sure help accelerate adoption of DApps that make use of them. Take Ripple for example. At its core it uses blockchain ad they avail four products for their clientele. One of them is xRapid, a cross border payment or money transfer facilitator that strives to make the market more efficient.
Through a demonstration at the Consensus 2018, David Schwartz said that companies and or start ups that implements xRapid are guaranteed to save up-to 70 percent of costs. During their demonstration, xRapid, which uses RippleNet, could move funds from the US to Mexico in two minutes complete with the transaction receipts and registries at the blockchain.
Ripple (@Ripple) May 14, 2018
Since everything is done in a transparent manner, there is no need of fear because of the end to end tracking of transactions that cushions everything against potential fraud. Besides there is no obligation for users to make use of XRP tokens so they need not to worry about the up and downs of XRP market pricing.
While at it, Ripple announced Xpring, a smart initiative by Ripple, for funding companies, entrepreneurs and start ups who use Ripple products. Through an official announcement in their...
Its just four days before Tron launch their Tron Virtual Machine (TVM) and already there is injection of momentum. Yes, Im net long Tron and thats a technical and sentiment advice based on historical formations before announcement of coin specific developments. In my view, TVM is a plus and while we expect more updates before their mainnet launch, buying on dips today might be a good trade plan. After all, that would be syncing with the general bullish trend after yesterdays spike in volumes.
Lets have a look at these charts:
The excitement is real and we have more comparisons on the sphere. We all know people refer Bitcoin as the digital Gold and indeed it is especially if we bring on focus Irans events. People are flocking to Bitcoin despite them being illegal in that jurisdiction. Now, with companies as ZimbraX of Synacor and exchanges as NASDAQ planning to utilize EOSIO platform, its no secret that EOS is a force to reckon. Online commentators now dubs EOS as the digital real estate.
The global value of real estate is 36x > global value of gold.
EOS, like real estate, will be developed like digital property & leased out for cash flow.
Airdrops are like finding oil on undeveloped land.
EOS is undervalued.
$EOS Evangelist (@iamblissss) April 25, 2018
So, is there under-valuation on this piece of real estate? I really think there is and prices might inch higher today. The mainnet launch is less than 13 days away and there are intere...
On May 19 a group of Bitcoin Cash (BCH) miners met after the Coingeek Conference in Hong Kong to discuss a new proposal which would fund BCH development and professional programmers who work on the protocol. The funding would stem from a portion of the miners block reward, and attendees discussed donating between 1-5 percent of rewards to fund developers.
After an innovative event at Calvin Ayres Coingeek Conference in Hong Kong members of the Bitcoin Cash industry including high profile executives, and lead developers met to discuss a new proposal. Attendees of the meeting included executives from the pool BTC.top, Coingeek, Viabtc,...
Lets see why and how national cryptocurrencies are not really cryptocurrencies
Krusty has lost everything on bitcoin! The March Towards Mass Adoption Bitcoin is taking further steps towards mass adoption, now featuring in the popular freemium game, The Simpsons: Tapped Out. In the game, Homer has neglected his work, playing mobile games instead of monitoring Springfield nuclear power station. In the new quest, called Crypto Cool,
The post Mobile Simpsons Game Adds Bitcoin Mining, Annoying Blockchain Evangelist in Latest Update appeared first on CCN
Crypto markets have seen a slight recovery in the past 24 hours - top 10 coins listed on Coinmarketcap in the green
Bitmain, a multi-billion dollar cryptocurrency mining equipment manufacturer based in China, has led a $110 million Series E funding round for Circle, a blockchain-focused financial company, in support of Circles short-term plan of launching a stable cryptocurrency that is in line with Bitmains vision of establishing private central banks backed by cryptocurrencies. Stable Cryptocurrency Previously,
The post Bitmain Backs Circles Stable Cryptocurrency With a $110 Million Funding Round appeared first on CCN
Silicon Valley sitcom uses 51 percent attack in season 5 finale, but is the scenario representative of a real-world possibility?
After the notorious 5 BTC bitcoin puzzle was solved last January after years of people trying to crack it, now another bitcoin puzzle was launched this week on forums and social media. On May 19, 2018, a person posted an image which contains a bitcoin puzzle that rewards the solver 1 BTC.
Since the inception of bitcoin and other cryptocurrencies, visual puzzles that contain digital asset rewards have been very popular. This week a Reddit user named u/cryptogreetings posted a cryptic picture online that contained a puzzle with a 1 BTC prize. Since the image was published online no one has been able to crack it so far as the public address can be seen here. The picture is black and orange and white with a bitcoin symbol and many words, and numbers strewed across the image. The creator says if no one can crack it in a week they will publish some hints to help people out.
This work is comprised of Satoshi Nakamotos famous whitepaper words, scaled by Log N. Disparate ideas inspired Satoshi to create a solution to revolutionize modern socio-economics and industry, explains the Reddit user u/cryptogreetings.
The work reflec...
Lets go over what happened in crypto last week. Price Watch: Bitcoin Price is down 1% this week after dropping around $1,000 last week. The drop comes in stark contrast to what some high-profile analysts had predicted. Investors have been waiting patiently to regain the all-important $10,000 support level. Ethereum is up 5% this week after being down
The post More Whales, Bans, and an Optimistic Cookie Monster: This Week in Crypto appeared first on CCN
Blockchain Week New York City aka Consensus 2018 was highly anticipated within the cryptocurrency ecosystem with many analysts expecting the event to trigger a new bullish momentum for Bitcoin and altcoins. The market, however, managed to lose $52 billion during the week of the conference.
Prior to Consensus 2018, Fundstrat Global Advisors technician Robert Sluymer said Bitcoin had bottomed and the upside was days way. At the time, he was of the opinion that the digital currency is in a stage of general recovery and that the Blockchain Week will be the next big catalyst for Bitcoin.
Fundstrats analysts had observed rallies following past Consensus events and there was no reason not to expect the same pattern. Fundstrats CEO Tom Lee predicted Bitcoin to push back over $15,000 and hit close to its all-time highs again. This, however, clearly didnt happen. Not yet, at least.
The cryptocurrency market lost $52 billion in market capitalization during the Blockchain Week. Bitcoin is now priced at $8,360, having touched the $8,000 line on May 18. That milestone price is holding the bears for now, as investors try to figure out what went wrong.
For starters, the hot topic at Consensus 2018 was regulation. Lack of fresh perspective among experts didnt provide much enthusiasm for the community gathering in Manhattan. Additionally, there was a lot of focus on the failings of the industry and not enough attention on problem-solving, especially regarding fundamental problems such as scalability and centralization.
Yes, cryptocurrency investors are required to accept the possibility, no matter how small, that the market will not recover from here. Chances are that it will, though. Blockchain Week NYC was probably an unexpected speed bump. Not only it did not trigger the bullish momentum, but it has also frustrated mounting expectations from enthusiasts.
So, instead of having the market adding gains from Consensus 2018 onwards, it will probably be triggered by some other event. In fact, the digital currency market doesnt need a specific event to recover its upside. Technically, analyst Aayush Jindal said there is a monster bearish trend line forming with resistance at $8,300 on the 4-hours chart of the BTC/USD pair. Bitcoin might only need to break that area to continue the long-term bullish run.
While some Barclays analysts did predic...
The sooner our education system is digitally disrupted, the better
Its difficult to measure the impact of higher education, either in a monetary sense or otherwise, although a few studies have tried. One recent study, involving 14,780 higher education institutions in 78 countries over six decades, suggested that doubling the number of Universities in a region results in a 4.7% increase in GDP per capita over five years.
Two main reasons were suggested by the authors a rise in workforce skill levels, and improved research and innovation.
This is a vote of confidence for a higher education model that is coming under increased scrutiny, particularly as the cost of University tuition continues to balloon all over the world. In fact, OECD countries are currently spending an average of 1.6% of their GDP on higher education, up from 1.3% in 2000.
In light of continual increases in the cost of higher education, we must ask whether we might be able to achieve these increases in workforce skill levels via a different systemic path.
Recent years have seen the rise of various platforms that host what might fairly be called recreational educational content, such as Udemy, Udacity or even YouTube. These platforms offer opportunities for self-education, and although they may offer courses relevant to many professions, they cant really be considered competitors to the traditional education system because their courses arent recognised by employers.
Tutellus xxx, yyy explains what needs to change in the digital
The traditional higher education system will only be truly under threat from digital disruption when employers recognise qualifications and courses supplied by digital platforms. This places the burden on platforms to ensure their courses are of sufficient quality
Tutellus is a startup that i...
On May 17, one of the worlds largest cryptocurrency and bitcoin exchange Bitfinex officially asked its users to submit tax IDs and social security numbers that could be utilized by government agencies in the countries its users are based into tax gains recorded in the cryptocurrency market. We request that you complete the appropriate self-certification Continued
The post How Bitfinexs Tax Requirement May Have Contributed to the Bitcoin Price Correction appeared first on CCN
Controversial token Tether generated $250 million new coins, with long-standing questions resurfacing
Thailand and Ukraine move forward with positive crypto regulation, Bing spreads FUD with news of summer crypto ad ban, and more ups and downs of the week all found in this weeks Hodlers Digest
University College London, better known as UCL has officially terminated its ties with the IOTA Foundation as a response to the legal threats made by IOTA foundation against cybersecurity researchers. Patrick McCorry, a security researcher at UCLs Initiative for CryptoCurrencies and Contracts, revealed the official statement from UCL which emphasized researchers should not fall victim Continued
The post Prestigious London College Terminates Ties With IOTA Foundation Due to Legal Threats appeared first on CCN
A popular event forged during the token boom of 2017 saw discussion about the changing regulatory environment that has resulted.
Blockchain exploration service Blockchair has launched a new analytics tool. Blockchair Feed decodes the messages that are written into the BCH, BTC, and ETH networks. The results can be viewed in a real-time feed comprised of messages that range from the banal to the enigmatic.
Blockchain explorer Blockchair is widely used by the bitcoin cash and core communities for searching for transactions and checking data pertaining to market prices, dominance, and network performance. Its also one of the few blockchain explorers that enables users to search for specific words or phrases hidden in transactions. Its latest tool goes a step further and decodes these messages in realtime as they are published on each of the three blockchains....
Consumers who sign up with Coinbase must feel sure that their online wallets will not be hacked, its executives say. To minimize the risk of a catastrophic data breach, Coinbase stores roughly 99 percent of its customers funds in formats that are not connected to the Internet. The remaining 1percent the liquid funds that Coinbase uses to carry out trades comes from the companys reserves, so that customer funds are never directly connected to the marketplace. That 1 percent is privately insured by Lloyds of London, Hirji said, offering another layer of protection.
Here is more from Brian Fung at WaPo.
Although the market is positive overall, at the time of writing, the sentiment is quite negative. Maybe due to the high expectations over Consensus, which did not create that much demand over bitcoin, at least not as much as it happened during previous years. I understand its your money that is at stake and the
While the federal government continues to attempt to suppress the cannabis industry by cutting it off from traditional banking, one company is turning to blockchain technology.
The post How a Blockchain Startup Is Going to Free the Cannabis Industry from Banker Control appeared first on The Free Thought Project.
Fundstrats Tom Lee admits that his Consensus BTC rally prediction did not happen, but still expects Bitcoin to reach $25k by year end
A notable week for Bitcoin Cash (BCH) the network successfully upgraded the blockchain protocol by extending the block size to 32MB. The change will allow a greater number of transactions to be processed with inexpensive and consistent transaction fees. Also, Seminole County in Florida will accept tax payments in both Bitcoin Cash (BCH) and Bitcoin Core (BTC) thanks to a partnership with Bitpay.
The Bitcoin Cash network has smoothly and successfully upgraded the blockchain protocol this Tuesday by extending the block size from 8MB to 32MB. The implementation of the new consensus rules went into effect at block height 530356.
Suffocating under your governments strict business and monetary policies? Head to the seas. To be more precise, create an island of your own that has its own government and uses cryptocurrency as its main tender. The oceans are the solution to a heavily polluted planet and policies that harm business growth. The startups BlueFrontiers and
The post Crypto Utopia: Man-Made Floating Pacific Islands Will Accept Cryptocurrency appeared first on CCN
Move over Cryptokitties. The ethereum network has a new batch of games to blame for rising gas fees. Over the past week, the viral success of dapps such as Ether Shrimp Farm, Ether Cartel, and Pepe Farm has congested the ethereum blockchain, questioning its readiness for enterprise adoption.
In the same week that Fedex announced plans to build a logistics tool on the ethereum network, fresh doubts over its readiness for enterprise use have emerged. A clutch of new games, created and nurtured in the depths of 4chan, has raised gas prices and show the fragility of the blockchain in its current state. While not as fatal as Cryptokitties, ethereums first viral onchain game, Ether Shrimp Farm and its spin-off Ether Cartel have still taken their toll on the network.
The former dapp requires users to hatch and sell shrimp in a bid to maximize production before ultimately exchanging eggs for ether. Ether Cartel, meanwhile, takes the same concept and applies it to drug running. The game features a high tech automated market t...
Lloyd Blankfein, 63, is expected to step down as CEO of Goldman Sachs in December, leaving the banks future uncertain in several ways, including its relationship with bitcoin. The New York Times reported that Blankfein will likely depart following the companys December annual dinner for retired partners. While the bank earlier this month announced plans
The post Goldman Sachs CEO Blankfein to Step Down, Bestowing Complex Bitcoin Relationship appeared first on CCN
Japanese crypto exchange Coincheck officially announces it will end trading of four privacy-oriented altcoins XMR, ZEC, DASH, and REP in June
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