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Alibaba founder Jack Ma says blockchain will be meaningless tech unless it can help evolve society and the manufacturing industry in a greener and more inclusive direction
Ripples long-anticipated cryptocurrency product, which aims to make XRP the asset of choice for cross-border settlements between financial institutions, is finally nearing production via an actual commercial application. Sagar Sarbhai, who heads Ripples regulatory relations in the Asia-Pacific and Middle East regions, told CNBC that the firm believes this product, dubbed xRapid, could launch in
The post Ripple Says XRP Product Will Go Live in Next Month or so appeared first on CCN
Over the past 24 hours, the crypto market has consistently demonstrated stability in the $202 billion region, as Bitcoin and Ethereum remained above $6,400 and $220. Yesterday, on September 16, CCN reported that the volume of Bitcoin is a concern, as it recorded nearly 30 percent drop in volume in a period of three days.
The post Crypto Market Steadies at $202 Billion. Low Bitcoin Volume Remains a Concern appeared first on CCN
Governments. Cant live with them, cant live without them, right? From first world countries to war-torn hellholes, bemoaning politicians is de rigueur. Yet for all their flaws, we tend to view our elected officials as a necessary evil, for if they werent in office, the country would descend into anarchy. At least thats what weve always been told. The history books, however, would demur.
589 days. Thats how long Belgian residents were forced to live without an elected government between 2010 and 2011. Due to disagreements between the Flemish and Walloons, a coalition could not be formed. While the two parties fought out their many differences, a former prime minister oversaw a bare bones government that handled the basic day-to-day operations.
Apocalyptic predictions abounded of what would happen to the rudderless country. A debt crisis would be inevitable, doom-mongers asserted. The fallout would affect Europe, they foretold. There would be anarchy. Chaos. Blood i...
Ripples Sagar Sarbhai has said he believes that the blockchain good, crypto bad narrative is losing traction among regulators globally
UAE should develop statewide cryptocurrency, says law enforcement officials and experts
The recent reports regarding the crypto situation in the UK indicate that the countrys government has yet to make a formal assessment of potential consequences of the changes in the value of numerous cryptocurrencies.
As cryptocurrencies continue to expand and conquer the world of finances, numerous countries governments are questioning the influence of the new technology. The UK is no different, and the question of what consequences digital currencies might have on certain sectors of the economy remains open for debate.
However, the last few weeks have seen significant swings in the prices of many cryptos, usually led by Bitcoin (BTC) itself. Because of this, Warwicks Lord Taylor asked for the Governments assessment of the new reports regarding the crypto situation in the UK. Lord Taylor wanted to know what potential effects these events might have on the blockchain industry in the UK according to reports.
However, the answer provided by the Department for International Developments Minister of State, Lord Bates, did not exactly answer this. According to Lord Bates, The Government has yet to make any sort of formal assessment of the implications that the value swings might have in the UK. Even so, Lord Bates reassures that the Government is, and will continue to, closely track all crypto-related developments.
Lord Bates also took the opportunity to remind everyone that the Cryptoassets Taskforce was launched in March. The Taskforce consists of the Bank of England, HM Treasury, as well as the Financial Conduct Authority. Its goal is considering various potential benefits and risks regarding the crypto assets and blockchain technology. Additionally, they are also tasked with making assessments regarding what possible regulation is needed to respond to the new crypto-related situation. As such, the report will come from them sometime in the Autumn.
Additionally, less than a week earlier, HM Treasurys Economic Secretary, John Glen, stated that the launcher of the Taskforce, Chancellor of the Exchequer, did not have a formal discussion regarding the new crypto situation with the Bank of England. He also stated that the Bank of England has no official plans to make a new bank-backed cryptocurrency. Even so, the Bank did research the topic, as well as any potential implications of actually launching one.
Glen answered similar questions back in March of this year. On that occasion, he stated th...
Binance is set to unveil a fiat currency exchange that will be based in Singapore. This was revealed by CEO Changpeng Zhao over the weekend while speaking at the Cumberland Summit, a blockchain event in Singapore. Zhao further revealed that the new exchange is currently under an invitation-only beta testing phase. After making the announcement
The post Binance to [Beta] Launch Singapore Fiat Crypto Exchange Tomorrow appeared first on CCN
Caspian, a project aimed at giving crypto traders better tools, has attracted $16 million in funding from top industry investors.
Joshua Greenwald, formerly a SpaceX engineer, plans to expand the market reach of his LXDX crypto exchange
LG Uplus, the cellular carrier subsidiary of South Korean conglomerate LG Corp., is set to trial a cross-carrier blockchain payments service for overseas travelers. Dubbed the Cross-Carrier Payment System (CCPS), the project sees the LG mobile carrier arm collaborate with partners in Japan, Taiwan and the United States to enable global mobile payment services among
The post LGs Mobile Carrier to Offer Blockchain Payments for International Travelers appeared first on CCN
This is a paid sponsorship by: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. Good evening, Im still reporting on: Judge Jeanine Blasts Sen Feinstein , 2373 SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius Academy. Learn To Profit Everyday In the markets! Click Here - http://www.tradegeniusacademy.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pinterest.com/billstills/ https://www.linkedin.com/in/billstill http://billstills.tumblr.com/ https://billstills.wordpress.com/ https://www.diigo.com/profile/billstill https://www.reddit.com/user/billstills/ http://www.stumbleupon.com/stumbler/billstillss Consider becoming a Patreon sponsor: https://www.patreon.com/user?u=3204630 https://youtu.be/k2O7Q2LnpW0
This is a paid sponsorship by: - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ Good morning, Im still reporting on: State AG's - Break Up Google & Facebook?, 2372 Synopsis: Sessions alert. Woo, woo! Attorney General Jeff Sessions has invited 24 State Attorney Generals to a meeting to discuss breaking up Google and Facebook. The meeting will take place at the Justice Department on Tuesday, Sept. 25 to discuss whether social media companies are violating anti-trust laws following the recent congressional testimony of Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg. According to a report in PJ Media on Thursday, reported by Tyler ONeal, originally, only state AGs from 5 conservative states were invited to talk about a coordinated investigation earlier this year, however, an additional 19 have asked to attend from across the political spectrum. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius Academy. Learn To Profit Everyday In the markets! Click Here - http://www.tradegeniusacademy.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https:...
This is a paid sponsorship by: -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill Good morning, Im still reporting on: Nunes, FBI Created Then Leaked Fake News, 2375 Synopsis: House Intelligence Committee chairman Devin Nunes has been unusually quiet for the last few weeks until this morning when he appeared on Maria Bartiromos show on Fox. He revealed that the latest texts between FBI lovebirds Peter Strzok and FBI lawyer Lisa Page show conclusively that the two were talking about FBI personnel creating fake news stories which they would then leak to cooperating members of the news media which were damaging to the President. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius Academy. Learn To Profit Everyday In the markets! Click Here - http://www.tradegenius.co - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy and Washington. Connect with Bill Still: https://www.youtube.com/user/bstill3 https://plus.google.com/u/0/+BillStill http://billstills.blogspot.in/ https://twitter.com/billstill https://www.facebook.com/TheStillReport https://www.pin...
This is a paid sponsorship by: - Trade Genius Academy. Learn To Profit Everyday In the markets! Click Here - http://www.tradegenius.co Good morning, Im still reporting on: Nunes Will Declassify 70 Depositions, 2374 Synopsis: House Intelligence chairman Devin Nunes told Maria Bartiromo this morning that he plans on releasing some 70 depositions that implicate [quote] the corrupt officials in the Justice Department and the FBI [unquote]. Nunes says that none of these 70 individuals were able to provide a single shred of evidence that there was any collusion between the Trump administration, or the President, and the Russian government. However, according to Nunes, because of this effective campaign by corrupt officials in the FBI to plant fake news stories in major newspapers such as the New York Times, as many as 20% of the American people actually believe that President Trump is actually under the control of Vladimir Putin. SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius Academy. Learn To Profit Everyday In the markets! Click Here - http://www.tradegenius.co - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the Still Report, the quintessential report on the economy...
The U.S. Department of Justice has won the right to confiscate money and items Alexandre Cazes enjoyed from his dark web e-commerce empire's riches.
Despite Chinas crypto crackdown, a Chinese cryptocurrency enthusiast recently embarked on a twenty-one-day journey to survive solely on a small stash of Bitcoin, no more, no less.
When it comes to cryptocurrency diehards, there isnt anyone as committed as China-based crypto proponent He You Bing, who recently took to Chinas streets to begin her 21-day challenge that revolves around the day-to-day use of Bitcoin. Oddly enough, the You Bing part of her name is colloquially used as an insult, as the two Chinese characters can be read as having a disease/problem, while her whole name, as TechCrunch puts it, alludes to the girls over-enthusiasm for bitcoin.
Regardless, as chronicled on iQiyi, one of Chinas Netflix equivalents, He You Bing is supposed to survive for 21 days on only 0.21 Bitcoin, or $1,350 at the time of writing, with her self-imposed rules dictating that she couldnt have anything on her person at the start of the challenge except for her phone. The initial goal was for her to obtain a sufficient amount of food, proper accommodation, and the basic necessities all via a Bitcoin wallet on her phone, all while being situated in Beijing and Shenzhen, two booming metropolises on the east coast of China.
And although the challenge is nearing its end now, it is interesting to look back at her unique, yet eye-opening experience.
At first, the enthusiast ran into some issues, to put it lightly, with virtually all of the vendors she approached revealing that they do not accept Bitcoin or crypto assets in general, nor understand the concept of what cryptocurrencies are and what they do.
Moreover, her first win, so to speak, wasnt even related to Bitcoin, as she found an unlocked rental bike that she used to traverse around Beijing. As such, she had to survive on ketchup packets and supermarket sample products, while sleeping at a fast food restaurant on her first day out in the concrete jungle.
Surprisingly, the trials and tribulations of the first day didnt make her second and third day any better, in fact, it can be argued that those days turned out to be much worse, as she ended up in the hospital from a lack of nutrition and a stomach illness from foraged fruits and a leftover burger. But as He You Bings story gained traction across the Chinese intranet, other enthusiasts like herself began to flock to her side, with over 3,000 individuals forming...
This is a paid sponsorship by: -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com Good morning, Im still reporting on: Joe DiGenova - FBI's Top Lawyer Has Flipped Synopsis: Yes, finally, justice is about to be restored. Indictments are coming out of the newly revealed federal grand jury. Last night, Joe diGenova, former U.S. Attorney for the District of Columbia, revealed that the former top lawyer for the FBI, James Baker, has flipped and is now testifying for the government and against those who participated in the Deep State coup dtat attempt. Yesterday, diGenova revealed the existence of this grand jury and said that it is charged with rooting out the conspiracy among the FBI and Justice Department during the 2016 presidential election and for the first months of the Trump administration. Forget about whatever the fake news outlets are trying to sell to their audience. This is the leading edge of what will be known as this generations Watergate. However, this is investigation is not leading to the downfall of a president. Joe diGenova believas that indictments and arrests of top FBI and Justice Department officials are coming. [insert up to Laura or a special counsel.] SUPPORT OUR SPONSORS: -- Nobel Gold. Go to Trumpcoin2020.com and use the code Coin to save $5 per coin, or text Coin to 511511. -- Virtual Shield VPN - the easiest way to create a home VPN. Go to: https://www.virtualshield.com/billstill -- The Crypto Advisors, buy, sell, invest, safeguard cryptocurrencies such as Bitcoin. Call 888-844-7806, or visit online at: www.TheCryptoAdvisors.com - Trade Genius Academy. Learn To Profit Everyday In the markets! Click Here - http://www.tradegeniusacademy.com - Ray Mikelonis, an independent representative of plant-based products which have been scientifically proven to naturally increase the number of adult stem cells in your body. CLICK HERE: BillStill.com/StemCell - Cheap Cable TV - Call 1-888-742-8847. Click now: http://CheapCableTV.com - Discount Tool Set - Click NOW on: http://DiscountToolSet.com/ -Jeevy Computers: Move up to business-level computer protection. 800-844-8613 http://jeevycomputers.com/pcs/ Still Report BTC address: 18Ky2c3CgPY3eu5N7ySoM3X6NjgEAN2w4v Connect with me; Bill Still: newspaper editor/publisher, economics reporter - top US publications, authored 22 books, 4 documentary videos & daily host of this Y/T channel, THE STILL REPORT: https://plus.google.com/u/0/109353617116072656672 Get the word Out: Please LIKE, COMMENT & SHARE! Our website: http://www.billstill.com Considered by informed insiders as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and todays United States political climate. Please Like, Comment & Share. Bill Still is a former n...
Wirex, the popular European crypto card provider, has announced its expanding to Canada and we have the details covered in The Daily. Also in the rubric, the Coin Stats mobile app now synchronizes transactions from several exchanges, a coin claiming to have AML and KYC features is listed on a major exchange, and the UK government is asked about its assessment of recent crypto market developments.
UK-based crypto card issuer Wirex is expanding its operations...
BTC is circling $6,500 and ETH trades close to $220, amid a checkered market outlook
Two cash-strapped football clubs are trying to circumvent financial issues by planning a tokenized crowdfunding round, reports the Times. Newcastle United and Cardiff City, the English Premier League teams, are reportedly in talks with SportyCo, a decentralized sports investment & funding platform, to launch their Initial Coin Offering (ICO) round. SportCo has earlier partnered with Ava
The post Two [Cash-Strapped] Premier League Football Clubs Plan to Launch Cryptocurrency appeared first on CCN
Zimbabwes new finance minister: Switzerland should be crypto regulation role model
Bitcoin's corrective rally seems to have stalled around $6,550, making it a key level to beat for the bulls.
As funding for ICOs drops amidst a regulatory crackdown by the US Securities and Exchange Commission, investors are turning to a new type of cryptocurrency investment vehicle in order to invest in projects: security tokens.
Following the surge in the ICO markets that occurred towards the end of 2017 and into 2018, many investors were lured and disappointed by the promises of token offerings that made bold and unprecedented claims as to their intended uses and future pricing success. More recently, however, global ICO funding has plummeted due to looming actions by global regulators to shut down companies offering tokens that fall into the definition of a security.
In the month of August, cryptocurrency and blockchain startups raised a mere $326 million, the smallest amount raised since May of last year, signaling that investors are beginning to fear the impact of their investments being deemed as unregulated securities.
The difficulty for ICO investors is discerning what type of token the ICO they are investing in is offering: a utility token or a security token. Utility tokens are classified as tools, not investments, that provide a specific solution to an existing problem. Security tokens, on the other hand, are classified as being an investment in a specific company or project, with the goal of generating investors profit through the success of the connected project.
If a token falls under securities laws, which are similar across global regulatory agencies, it will be subjected to a host of specific rules and requirements by regulatory agencies.
Recently, a US District Court Judge ruled that ICO offerings are covered by securities laws, meaning that unless the token offered by an ICO is unquestionably a utility token, it falls under securities laws and can be regulated as such.
The ruling came about during a case against Maksim Zaslavskiy, who had been offering an ICO to investors with the promise that the tokens were physically backed by real estate and diamonds. Federal prosecutors used the classification of ICOs as a key point of their case, arguing that Zaslavskiy had offered investors an unregistered security product.
The judge agreed with this reasoning, noting that:
Congress purpose in enacting the securities laws was to regulate investments, in whatever form they are made and by whatever name they are called
The SEC quickly moved to shut down two operations that had been offe...
Trustworthy official government websites have become a prime target for cryptojacking in India, according to new research from local cybersecurity experts
Less than a fortnight since his appointment as Zimbabwes finance minister, the new treasury boss is potentially placing himself on a collision path with the countrys central bank with his pro-cryptocurrency stance. According to Mthuli Ncube, Zimbabwes newly minted Minister of Finance, cryptocurrencies could assist the southern Africa country to solve the cash crunch that
The post Cryptocurrency Could Solve Zimbabwes Cash Shortages: Finance Minister appeared first on CCN
The prospect of Tezos' official launch Monday has revved up investor interest in the project's XTZ token, pushing prices up 30% in a week.
According to Fundstrat analyst Sam Doctor, it appears Bitcoin Core (BTC) hashpower has doubled since just before the start of summer. That figure is impressive considering the lingering and deep bear market. Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May 18m Mr. Doctor tweeted. Breakeven now $7,300 ($5,300 cash BE) vs. $6,000 in May. An exchange report confirms miners might also be accepting lower shorter term gains in favor of market position.
As indicators go, increases in the BTC difficulty and hashrate are considered pluses, potentially adding robustness and resilience to the network. That miners might be continuing to plod along in a bear market, and in the face of huge price drops and their own profits, could signal better days for all, concerned proponents are concluding.
One theory about why this might be occurring comes from crypto exchange Bitmex. They claim powerhouse mining operations such as Bitmain have welcomed market prices bottoming out, as it pushes out weaker hands and helps increase its relative position. These low prices are likely to be a deliberate strategy by Bitmain, the exchange explains, to squeeze out their competition by causing them to experience lower sales and therefore financial difficulties. In our view, herein lies the...
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Imagine a perfect world where the advertisement of your brand is shown only to target audience any time they use their phones. The targeting is based on location, gender, education and other characteristics which gives advertisers and brands only real views for real possible clients. The advertising market launches more and more more application that are developed in accordance with brands requirements and provide a possibility to set detailed configurations and make promotion process simpler. One of the companies has recently launched a mobile application which is claimed to become the next revolution in the advertising market and we are about to tell you why it worths your attention.
According to Statista, there will be 2,5 billion people using smartphones by 2019. Mobile users unlock their phones from 80 to 110 times per day. At the same time, 69% of consumers from 18 to 39 years old use mobile phones for a research of products before purchasing them. Mobile devices automatically become a new channel for brands promotion as people simply cannot imagine their lives without their phones. Applications for smartphones will definitely change the advertising market.
What is the new technology?
Emarketer research states that $101 billion was spent on mobile
ads globally last year which is 5 times more than in 2012.
Spendings in this sector will only increase.
EasyVisual is an advertising network that before the launch of the app has already had a 3,5 million audience in 190 countries including South Korea, China, Vietnam, Poland, Slovakia, Germany, Ukraine, Turkey, Czech Republic, Israel. The company has m...
Monday morning is witnessing virtually no action on crypto markets. They have shown no real movements since the end of last week. Total market capitalization is just over $200 billion and has held that level for the past three days.
Bitcoin is static and has not been able to push towards the next resistance level. BTC is currently trading at $6,480, down very slightly from yesterday. Technicals are indicating more bearish momentum which could drop Bitcoin back to below $6,400. Ethereum also has not moved and is hovering just about $215 at the time of writing.
Altcoins are mixed, half red half green with very little gains or losses either way at the moment. In the top ten Stellar is up almost 2% to $0.204 while Bitcoin Cash has made 1.5% to trade at $445. The rest have not moved since yesterday.
The top twenty shows that only Dash has made any real gains and that is just 4%. It is rapidly catching Cardano which is about to drop out of the top ten. Falling back are Tezos and VeChain which have both dropped 2.5% on the day.
There are a few altcoins pumping at the moment and the one at the top is Aurora. AOA has been climbing all week and is up 70% on the day to $0.036. It has just been listed on KuCoin which is driving todays momentum;
AnnouncementAOA is listed in KuCoin Plus Trading Area
AuroraOfficial(AOA) (@AuroraOffic_en) September 17, 2018
Since last Monday Aurora has made 180%. FunFair, PowerLedger and Waltonchain are all up 10-13 percent on the day. At the red end of the table for the top one hu...
Japanese financial services group SBI Holdings will launch its consumer payments application MoneyTap, on both Android and iOS, using Ripples blockchain technology. SBI Ripple Asia, a joint venture established by SBI Holdings and San Francisco-based FinTech giant Ripple in early 2016, will soon launch MoneyTap, CEO Takashi Okita revealed on his own Twitter handle. MoneyTap
The post SBI Nears Launch Ripple Blockchain Payments App MoneyTap in Japan appeared first on CCN
South Korean telco LG Uplus is to trial a blockchain-based mobile payment service aimed to let travelers save fees when shopping abroad.
A group of Mastercard patent applications outline how blockchain technology can be used to securely record transaction information.
The Korea Customs Service (KCS) has entered an agreement with Samsung SDS to implement the latters blockchain technology for an export customs clearance system. Samsung SDS, the IT subsidiary and technology provider of Koreas largest conglomerate Samsung, will develop the worlds first blockchain-based export customs logistics service for the Korea Customs Service to enable efficiency
The post Samsung SDS to Power Worlds First Exports Customs Clearance Blockchain in Korea appeared first on CCN
Heres what happened this week in Bitcoin in 99 seconds. Coinbase announced the doubling of its February staff count, to 500 permanent members. Coinbase CEO, Brian Armstrong, predicted 1 billion crypto users within 5 years. The SEC suspended the Swedish Bitcoin and Ethereum ETFs within America k
For many short-term speculators, the current cryptocurrency market could be classified as a bore, with prices remaining relatively stagnant, volume figures dwindling, and altcoins failing to see rapid bouts of non-linear price movement, which were so common during last years bull run. Regardless, prices still saw a slight uptick this week, with a majority of crypto assets posting healthy gains.
Following a strong 20 percent sell-off in early September, which was touted as the largest daily dump of the year, Bitcoin and a majority of the foremost altcoins, made a slight recovery this week, with the collective valuation of all crypto assets rising from $196 billion to $204 billion as it stands today. However, it wasnt cut and dried, as the market briefly established a new year-to-date low at $186 billion, in direct correlation with a strong altcoin decline. Ethereum, for one, fell by over 10 percent within a single day, putting its feet up at the $175 price level for upwards of 12 hours.
It has been argued that Ethers aforementioned downward move, which occurred on Wednesday, catalyzed losses across the board. This controversy seems to be water under the bridge now, however, as prices saw a resurgence on Thursday, much to the dismay of short sellers and cryptocurrency naysayers. While the initial rebound was strong, volumes have since dissipated, which has resulted in crypto assets remaining within a shallow, boring range for the past 72 hours.
Market oscillation aside, Bitcoin still saw a strong week, moving from $6,300 to $6,528 in a slow, but steady uptrend that occurred over the past three to four days. Although BTCs move pleased many investors, altcoins unarguably performed better, with Ethereum, Monero, and Tezos, for example, seeing an influx of buying pressure. As a result of the relative altcoin strength, Bitcoin dominance took a slight dip, moving from 55.8 percent to 55.2 percent.
And some feel like this positive price action is set to continue because as we move into Monday morning, all tokens in the top 20, save for a few, are posting one to three percent gains.
This bullish senti...
The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they
The post Chinas Crypto Custody Sector Is Growing despite the Mainland Ban appeared first on CCN
Japans financial regulator has recently unveiled the current state of the crypto regulations in the country. Three crypto operators are currently being reviewed. With 160 companies wanting to enter the space, the regulator plans to add more personnel to help review new applicants. In addition, a self-regulatory plan for crypto exchanges has also been submitted to the regulator.
Japans top financial regulator, the Financial Services Agency (FSA), published several documents from its fifth crypto study group meeting on Wednesday, September 12. The current state of crypto regulations and exchange registrations were discussed.
Even if ethereum succeeds as a smart contracts platform, its cryptocurrency might still fail as a long-term store of value, writes Michael J. Casey.
Litecoin Price Key Highlights
Litecoin could be in for a reversal from its slide as a double bottom can be seen on its 4-hour chart, awaiting confirmation.
Technical Indicators Signals
The 100 SMA is above the longer-term 200 SMA to suggest that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. However, the gap is pretty narrow so a bearish crossover might be possible while these moving averages also hold as dynamic resistance.
In that case, another test of support around the $48 level could take place. Stronger selling pressure could even spur a break below this level and a continuation of the longer-term downtrend. A break past the moving averages could pave the way for a test of $70.
This would make the double bottom around $22 in height, which suggests that confirmation could spur a rally of the same height. However, RSI is turning south from the overbought zone to signal a return in bearish pressure. Similarly stochastic is heading south so a pickup in selling pressure is due.
Cryptocurrencies seem off to a positive start for the week, though, as there have been no negative reports over the weekend. In fact, the previous trading week ended on a good note with a report suggesting that blockchain industries could add $1 trillion to global trade over the next ten years. With that, market participants appear to be turning their attention back to institutional interest and more M&A activity in the space.
The post Litecoin (LTC) Price Watch: Is That a Double Bottom? appeared first on NewsBTC.
Bitcoin Price Key Highlights
Bitcoin price might be ready to form another double bottom pattern, but technical indicators suggest that bearish pressure is still here.
Technical Indicators Signals
The 100 SMA is still above the longer-term 200 SMA for now but it looks like a bearish crossover is brewing. In that case, selling pressure could pick up and these moving averages could continue holding as dynamic resistance levels.
A break past the $6,600 area, however, could prevent the bearish crossover from happening and allow bullish pressure to stay in play. This could allow bitcoin price to stay on track towards testing the neckline around $7,400. A break past this could lead to a rally of around $800 or the same height as the double bottom.
RSI is on the move down, though, so bears have the upper hand. Similarly stochastic just made its way down from the overbought zone to signal a return in selling pressure. In that case, bitcoin price could revisit the lows at $6,200 or even break lower for a continuation of the slide.
It seems that buyers are starting off on a relatively positive note so far this week, though, as there have been no negative updates over the weekend. Should this sentiment persist, more and more bulls could reestablish their bitcoin positions and sustain the climb.
The anticipation for the SEC bitcoin ETF ruling is building up as we are past the halfway point of the month and the deadline is around the last week of September. Indications that an approval is likely could mean significant gains for bitcoin price.
The post Bitcoin (BTC) Price Watch: Bullish Reversal Pattern Forming? appeared first on NewsBTC.
In cryptocurrency exchange news, Coinbase plans to hire 130 additional staff at its New York office by the end of 2019, a recently announced exchange which will be backed EF Hutton has declared that it will launch before January 2019, and Digifinex has announced that it will replace its USDT pairings for TUSD.
Coinbase has indicated that it plans to hire 130 employees at its newly opened New York office by the end of next year. The hirings would bring the number of staff working at the facility to roughly 150.
We have to create a bridge between financial services...
A combination of over-the-tops Bitcoin price predictions by Tim Draper and favorable developments in the crypto-verse could cement our previous Bitcoin price forecasts. Further strengthening this position is news that Morgan Stanley plans on creating their Bitcoin derivatives. Coincidentally, and more positive for Bitcoin and other cryptos, more hedge funds are looking to funnel their capital into this nascent field.
Tim Draper is a Bitcoin perma-bull and thats a relief for investors who bought at the top and have to contend with 75 percent losses. According to Tim, the disruptive cryptocurrency market cap would explode to a whopping $8 trillion market cap with the Bitcoin leading the charge.
Speaking via video link at the Deal Street Asia sponsored event held in Singapore, Tim said there is one key ingredient that makes Bitcoin and blockchain technology unique and different from the internet. While the internet went after billion dollar industries, blockchain and cryptocurrencies will be disruptive finding use in trillion dollar companies within the finance, insurance, health care and tech sectors. He may be right because regulators from leading global economies as China, US, UK, Canada and India are bullish on blockchain technology thanks to its inherent features prioritizing transparency and efficiency.
He even said last years price acceleration to $20,000 was due to ignorance and this years drop is actually a primer for a pent-up rally that would propel Bitcoin to new highs of around $250,000. At current market cap, thats a massive 400X increase a prospect that will further increasing demand.
From a neutrals point of view, comments from Draper are outrageous but this is not the first time he has emphasized such.
From a long term perspective, the trend is clearly bearish. This is after that market deflating drop of Bitcoin prices from $20,000 peaks to $5,800 late last month.
But, from the chart, the $6,000 mark is a clear support line. Its where sellers have found resistance six times in the last six months. The result is a wedge with floors at $6,000 with an eight month resistance trend line capping gains.
Unless otherwise, we need strong price surges above that resistance trend line at $6,800$7,200 level for buys to be valid. When that happens, Bitcoin pric...
Mark Risher, Googles director of product management, Google Identity, account security, and spam & abuse, recently urged cryptocurrency investors not to brag about their virtual currency holdings online.
In a recent interview with CNBC, Google security lead, Mark Risher, cautioned crypto traders against boasting of their cryptocur...
Since mid-2017, Ethereum hackathons have been held in many major cities across the globe, to encourage the development of decentralized applications (dApps) and blockchain-based systems. ETHGlobal, the biggest Ethereum hackathon organization to date, has played a key role in facilitating the growth of the Ethereum open-source developer community, providing technical workshops, educational talks, and resources
The post How Ethereum Hackathons are Drastically Improving Blockchain Systems appeared first on CCN
Though EOS, Cardano, Monero, Stellar Lumens and Litecoin price analysis portray positivity, we are yet to see strong gains safe those of early last week. Litecoin news of Gemini listing coupled with Abras addition of Cardano (ADA) are bright spots but first Cardano prices must rise above 7 cents nullifying current sells.
Despite low level consolidation, EOS is up five percent in the last week. The result is a thrust back to range mode. As it has been the case over the last four or five weeks, EOS prices continue to steady inside the $3 range between $4 main support and $7 resistance line, a level which has been successful in capping gains.
Though yesterday was stable, our previous EOS price analysis holds true and longs are valid. Thats unless there is a dip below $4 invalidating this recovery. After all, EOS prices are still in consolidation and moving inside buy triggering Sep 13 high lows. This means sellers are finding resistance elevating buyers chances of driving prices towards the all important $7 bull target.
Nigerian authorities have demanded that HSBC Bank returns about $100 million that late dictator Sani Abacha looted from the oil-rich West African country, allegedly with help from the British multi-national bank.
President Muhammad Buhari has demanded HSBC Bank returns up to $100 million it allegedly helped former dictator Sani Abacha launder from the Nigerian economy.HSBC bank
Abacha ruled Nigeria with an iron fist for five years until he died of a heart attack in 1998. During his rule, the Nigerian...
Cryptocurrency lawsuits increased threefold in the first two quarters of 2018 compared to the whole of last year. This is according to a report prepared by Lex Machina, a legal analytics firm. Last year, the number of cases mentioning bitcoin, cryptocurrency or blockchain amounted to just 15 ,but in the first and the second quarters
The post Buyers Remorse? Cryptocurrency Lawsuits Have Tripled Since 2017 appeared first on CCN
Crypto markets are seeing a mix of red and green, with some small fluctuations and total market cap holding position
Popular Ethereum wallet MyEtherWallet (MEW) has recorded more attempted attacks by hackers than Fortune 500 banks, according to reports from leading cybersecurity firm Segasec. Segasec has been responsible for defending MEW from malicious attacks. Such attempted attacks dont come as a surprise, knowing the amount of valuable Ethereum tokens accessed through the MEW platform. As
The post This Ethereum Wallet is Targeted by More Attackers than Fortune 500 Banks appeared first on CCN
A growing number of crypto exchanges in India have announced the return of fiat deposit and withdrawal support despite the crypto banking ban imposed by the countrys central bank. Several other exchanges in the country also allow their users to use Indian rupees to buy and cash out cryptocurrencies through their exchange-escrow peer-to-peer (P2P) services.
Since the crypto banking ban by the Reserve Bank of India (RBI) went into effect in July, crypto exchanges in the country have been deprived of banking services. Many of them subsequently shut down their INR support, disallowing users to make deposits and withdrawals in Indian rupees. The Supreme Court of India is scheduled to hear petitions against the ban next week.
However, recently at least three crypto exchanges in the country have announced the return of INR deposit and withdrawal support despite the RBI ban.
On Wednesday, September 12, crypto exchange Koinex announced that it has brought back INR deposits and withdrawals through its P2P system, stating:
We are happy to announce the revival of INR in the crypt...
Binance, the biggest global crypto exchange, will start closed beta testing of a new crypto-fiat exchange in Singapore on September 18
Blockchain security startup Bitgo has announced that it has received regulatory approval in the U.S. to offer cryptocurrency custody services. With the move, BitGo becomes the latest company to throw its hat into the crypto custody ring as the market prepares to welcome large institutional investors who have previously been put off by cryptos substantial
The post BitGo Receives Approval to Operate as Regulated Cryptocurrency Custodian appeared first on CCN
Charles Hoskinson, the co-founder of Ethereum and Cardano, entered the cryptocurrency sector when Bitcoin was valued at just over $1. Since then, the infrastructure supporting the market and blockchain systems has changed drastically, at an exponential rate. In an interview with Mpho Dagada, Hoskinson, the CEO of IOHK, a technology company that leads the development
The post Ethereum Co-Founder Invested in Bitcoin at $1 in 2011, Whats Changed? appeared first on CCN
This week Dutch authorities revealed to the public that the Netherlands largest financial services provider, ING, had violated numerous money laundering laws because they didnt scrutinize unusual transactions and certain accounts.
Over the last few weeks, many large financial institutions have been investigated and charged with helping facilitate money laundering. Financial crime prosecutors from the Netherlands have charged the Dutch bank ING with violations, and a $900 million dollar fine because the financial institution unwittingly helped facilitate money laundering. The Dutch police explain its impossible to really estimate how much money was actually launder...
New stablecoin Gemini dollars transactions can be completely altered and made non-transferable every 48 hours, blockchain research proves
The European Union has come in for criticism over its repeated attempts to regulate the web. Critics assert that waves of EU legislation are suppressing free expression, impairing the user experience and, most heinously, killing memes. The solution, for those who take this view, would appear to be simple: dont hate on the EU defy them.
The European Union has the power to make internet laws, and its been exercising that right with gusto of late. When it comes to enforcing them, however, its powers all but evaporate. This is an important distinction to note. A lot of the headlines surrounding the passing of copyright laws Article 11 and 13, and the recent GDPR data protection legislation, are hyperbolic. Thats not to say there arent valid concerns to be raised over the implications of these laws, but the media, as well as the webmasters obliged to implement the EUs directives, have missed the point.
Once again in the world of cryptocurrency, we have a mystery on our hands. A $720 million sleeping giant has woken up after four years, with $100 million moved to Bitfinex and Binance over the course of ten days at the end of August. The bitcoin wallet contains 111,114 BTC or 0.52% of the total supply. The sudden
The post This Dormant $720 Million Bitcoin Wallet Has Woken Up But Who Owns It? appeared first on CCN
The SEC and FINRA scold some alleged crypto scams, the Winklevoss twins pop out a new stablecoin, and more in this weeks Hodlers Digest
Industry buzz surrounded Ethereum this week as community members
await the next stage of the coins development. The protocol also
served as the jumping-off point for a new fully regulated
Also in regulation, a New York judge issued a ruling this week that, if held up by a jury in court, could set a legal precedent for ICOs as securities; in other courtroom drama, the spaces longest running suit between two of its biggest players draws to an undisclosed close.
All the while, institutional-grade products and services continute to come to light.
Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here.
Following November 2018s DevCon 4 in Prague, Czech Republic, Ethereum will be due for an upgrade. Constantinople, as the hard fork is called, will implement five Ethereum Improvement Proposals (EIPs), introducing such changes as a a revamped gas scheme for transactions and reduced block rewards. To the common user, these EIPs are unlikely to cause too many noticeable changes, but they will give developers more creative and technical leeway when building DApps on Ethereums Virtual Machine.
Winklevoss-owned Gemini exchanged launched a stablecoin this week built on Ethereums ERC-20 standard. Endogenous to the exchange, which is fully regulated under New Yorks Bit Liscense, GeminiUSD (GUSD) was dropped without prior disclosure or media priming. The same day, settlement platform Paxos released its own stablecoin, the Paxos Standard (PAX).
Morgan Stanley is reportedly working toward a way into the the cryptocurremcy market. The legacy financial institution has been developing a institutional-grade bitcoin derivative that is tied to futures prices, a source close to the matter told Bloomberg this week. While the product is ready to go to market, Morgan Stanley is waiting to launch it until investor demand i...
With my last couple of articles, Ive taken the discussion away from price and volume, as I wanted to focus on the underlying bitcoin infrastructure and governance model, as well as on the technology developments that will push adoption. I believe it was worth it, as we really need to understand how this new distributed infrastructure and
From time to time we all need a reminder that Bitcoin is much more than just an asset that can be checked on a daily price chart. Peter Thiel reveals that he believes the crypto vs AI dichotomy will shape the future of humanity, presenting us with a choice between a Big Brother totalitarian government and a world of greater liberty.
Peter Thiel, the Paypal co-founder and venture capital billionaire known to be long on Bitcoin, has given a lengthy interview on The Rubin Report discussing his views on...
We had the opportunity to interview Sam Cassatt at TechCrunch Disrupt SF. Sam is the Chief Strategy Officer of ConsenSys and has great involvement throughout the organization. Sam has an interesting background in that he worked on biocomputation in the field of Cognitive Science at John Hopkins and then consulted around the topic for years. Continued
The post Interview: Ethereum Development Studio ConsenSys CSO Sam Cassatt appeared first on CCN
The valuation of the crypto market has dropped from $205 billion to $199 billion, as Bitcoin dropped below the $6,500 mark once again. In the past three hours, the crypto market has rebounded by $2 billion to $201.5 billion, demonstrating some resilience in the $200 billion region. ETH, the native cryptocurrency of the Ethereum blockchain Continued
The post Dropping Bitcoin Volumes Brings Minor Market Retreat, Where Next? appeared first on CCN
Koreas LG UPlus is launching a blockchain-based cross-carrier overseas payment service together with Taiwan-based Far EasTone, Japans SoftBank and U.S.-based TBCASoft
Binance, the leading cryptocurrency exchange, has announced it will start testing a fiat-to-crypto currency trading platform in Singapore and weve got the story in Sundays edition of The Daily. Also, two islands in Russia are competing to host the countrys first regulated exchange, and the ECB says Europe doesnt need a central bank issued crypto. However, Ukraines national bank is advancing with its plans to issue a digital coin.
Binance, currently the largest crypto exchange by daily trading volume, will soon be testing a new fiat-to-cryptocurrency exchange in Singapore. The news was spread on social media by Changpeng Zhao, the Chief Executive Officer of the Chinese-run trading platform. I just slipped that we will begin #Binance Singapore fiat exchange live money closed beta testing on Sept 18, in 3 days. Invitation only first. Exciting! CZ said in a tweet this Saturday referring to his announcement during a crypto event in the Asian country. The new exchange will initially open in beta with an undisclosed number of invited users trading in a closed testing environment. The launch is scheduled for September 18. No further details have been revealed yet....
Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain industry. We will be expanding our education section by delving deeper into some of the machinations and technology behind the blocks. Our weekly articles aim to provide a greater understanding of how things work in the crypto ecosystem.
Following a number of attempts at a digital currency, the most successful being B-money, the enigmatic Satoshi Nakamoto began working on his whitepaper in 2008. In October of the same year it was published, titled Bitcoin: A Peer-to-Peer Electronic Cash System.
The nine page paper outlined the design and justification for a digital currency with the intention of doing what no other attempt could do before: create an anonymous, trustless, decentralized currency.
What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party. Transactions that are computationally impractical to reverse would protect sellers from fraud, and routine escrow mechanisms could easily be implemented to protect buyers.
The proof-of-work protocol was developed from Dai Weis B-money in order to enforce a one CPU one vote policy as outlined by Nakamoto in his now famous paper. Unlike traditional money, Bitcoin was also designed to be a deflationary currency, meaning that there will only be a limited amount of them that will ever exist, specifically 21 million. The reward miners get for finding each new block decreases over time and is halved every 210,000 blocks, approximately every four years. It started off at 50 BTC and is currently 12.5 BTC.
Satoshi was not fond of the modern banking system, particularly fractional-reserve banking whereby a bank accepts deposits, makes loans or investments, but is required to hold reserves equal to only a fraction of its deposit liabilities.
According to Wikipedia, Nakamoto claimed to be a man living in Japan, born on 5 April 1975. The true identity remains a mystery however there has been several claims to Bitcoin creation fame over the past decade and a lot of speculation. These included Australian academic Craig Wright who was proved to be a hoax, and more recently SpaceX founder Elon Musk who has denied the claim.
In the ear...
Tezos, the eighth largest initial coin offering (ICO) in history, is launching its mainnet on Monday. Ahead of its mainnet launch, the price of XTZ, the native token of the Tezos network, surged by more than 50 percent. Since September 9, XTZ has increased by over 52 percent from $1.15 to $1.75, prior to its Continued
The post Tezos Surges 50% in a Week Ahead of Scheduled Mainnet Launch on Monday appeared first on CCN
Summer is almost over, so its time to think of the most crypto-friendly destinations for your next vacation
There has been a very minor pullback in crypto markets today. In general though things have been pretty static over the weekend and total capitalization has remained over $200 billion for another day.
Bitcoin has lost a fraction since yesterday and is currently trading at $6,500. The critical level is still the $6,600 resistance point for BTC though bullish momentum appears to have waned over the weekend. Ethereum has made another percent gain to lift it to $218 at the time of writing.
Altcoins are a mixed bag with more red than green on the boards this morning. In the top ten Bitcoin Cash, Litecoin and Monero have suffered 2-3 percent drops over the past 24 hours, the rest are flat with very little movement over the past day.
The top twenty shows a similar picture with most altcoins falling back a percentage or two. Following its big pump yesterday, Tezos has fallen back 4% on the day to $1.59. Only Dogecoin is back in the green with a 1.7% gain on the day.
The bigger scene in the top one hundred reveals that Aurora is again top gainer with 11% on the day. Bitshares and Populous are also up 6-7 percent over the past 24 hours. At the messy end of things is Rchain dumping 11% followed by Nano and Zcoin losing 6-7 percent on the day.
Total crypto market capitalization has not done much since yesterday. Following a dip to $199 billion they have recovered slightly to trade at just below $202 billion where they were this time on Saturday. Trade volume has fallen marginally to just over $10 billion on the day. Over the past week markets are up a little but the monthly view sees them down almost 4%. Bitcoin dominance is still strong and is currently 55.7% of the market.
FOMO Moments is a section that takes a daily look at the top 25 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals.
The post Cryptocurrency Market Update: Waiting For Momentum On Sunday appeared first on NewsBTC.
A new study has concluded that hard forks are a threat to the adoption of cryptocurrencies. This is because splits in the blockchain of a particular cryptocurrency tend to lead to the erosion of trust. Additionally, such splits reduce users confidence in the capacity of the affected cryptocurrency to continue thriving as a medium of Continued
The post Hard Forks Hinder Mass Adoption of Cryptocurrencies: Study appeared first on CCN
Amid regulatory uncertainty, the ICO industry has all but cut off retail investors. But will a new model open it up again? Civil is testing it.
In recent news pertaining to cryptocurrency exchanges, Australias financial regulators have expressed skepticism regarding Coinjars purported trade volume, Paysend has partnered with Bitstamp to facilitate cryptocurrency purchases through its Global Account, and Seed Cx has announced a $15 million USD Series B funding round.
In a recent interview with Business Insider, Jordan Michaelides, Coinjar...
Although the collective value of all crypto markets is only a tad above its year-to-date low, institutions still seem poised to tackle digital assets head on, with an array of Wall Street giants making meaningful moves throughout the past week.
On Thursday, CNBC divulged that BitGo, a well-known American cryptocurrency infrastructure provider, had received a regulatory green light from South Dakotas Division of Banking to make a foray into offering custodial solutions for institutions. More specifically, the startup collected a state trust company charter from the aforementioned governmental body, which reportedly makes its crypto custody solution the first that is fully regulated.
Following this development, Mike Belshe, the CEO of BitGo, sat down with CNBCs Fast Money panel to discuss his firms newest product and the current institutional climate surrounding the cryptocurrency industry. Belshe first pointed out that institutions are interested in this space, which shows real promise, without a doubt, adding that interest from the aforementioned subset of firms will only continue to grow.
Closing off the segment, Brian Kelly, referencing the knowledge he gained as the CEO of the crypto-centric BKCM, noted that this may just be the product that institutional investors have been waiting for and that BitGos custodial solution is making him much more optimistic.
As reported by NewsBTC on Thursday, insiders revealed that Morgan Stanley, one of the leading firms on Wall Street, has already developed the infrastructure that would be required to back Bitcoin derivatives. As such, it was relayed by Bloomberg that the firm reportedly has plans to launch a Bitcoin swaps vehicle on the condition that established institutions show sufficient interest and demand. Additionally, the firm is said to be going through an internal approval process to verify that the aforementioned swaps are ready to hit the streets, Wall Street if you may.
It is important to note, however, tha...
The virtual machine that allows ethereum to compute everything in a decentralized way is getting a massive overhaul.
According to Jay Krishnan, the CEO of T-Hub, Indias largest startup incubator & venture advisor to SRI Capital, Bitcoin has failed due to $20 transaction fees. Except that since December, for over nine months, the median transaction fee of Bitcoin has remained below $0.2. In December 2017, the demand for Bitcoin and other major cryptocurrencies Continued
The post Indias Biggest Startup Incubator CEO [Falsely] Says Bitcoin Failed Due to $20 Fees appeared first on CCN
Over nearly three days on the University of Wyoming campus in Laramie, more than two dozen hacker teams competed for cash and prizes in the states first ever Wyohackathon: Breakin Through. Organized by the Wyoming Blockchain Coalition, the event included speakers from industry luminaries, and all three of the states gubernatorial candidates made an appearance.
When asked about the hackathons result, The event smashed our expectations, organizer Caitlin Long replied enthusiastically to news.Bitcoin.com. We anticipated about 10 teams would compete but we had 27. The quality of the submissions was terrific, including one from a senior Google engineer, and I believe more than a handful of these projects will turn into real businesses.
Wyoming has quietly, ploddingly built up quite a reputation within the cryptocurrency community. Just this year alone, the states legislature approved close to half of a dozen blockchain friendly laws at the behest of Representative Tyler Lindholm and the newly formed Wyoming Blockchain Coalition....
Innosilicon has just launched another BTC ASIC miner called T2Turbo+32T, a 32 THS miner that can run up to 36 THS according to the company with a power usage of 2200 Watts. What the company did with the new miner is to use the same 10nm ASIC chips like their previous 24 THS T2T-24T Bitcoin ASIC, but adding more chips running at lower operating frequency and delivering better efficiency per Watt. The efficiency in normal mode is 68 W/TH and the miner can apparently run in high-performance mode delivering up to 36 THS. Innosilicon currently has a special promotional price for the Innosiicon T2Turbo+32T of $1568 USD for online order with limited quantities available.
It seems that Innosilicon might be taking the lead in ASIC chip development for mining crypto currencies lately in terms of performance and efficiency even though it is not the largest company in this sector. Probably the fact that matters here is that the company has been designing and manufacturing chips even before venturing in the crypto mining market unlike most of the dedicated crypto ASIC manufacturers. What they still do seem to need to address however is their customer communications and service as this is what most customers that have some issues with their products issues are complaining from with Innosilicon
Make sure you check out our previous edition here, now lets go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Price Watch: Bitcoin is up 5.46% this week to $6,500 after a somewhat tumultuous week. On Monday, we reported that despite Bitcoins
The post Sharding, True USD Launches and More Custody Players: This Week in Crypto appeared first on CCN
U.S. law enforcement agencies have started their money laundering investigations of Danske Bank, Denmarks largest bank, according to the Wall Street Journal. Citigroup and Deutsche Bank have been implicated. Danske Bank is also currently under investigation by Denmark and Estonia and its CEO reportedly ignored warnings of suspicious transactions.
The Wall Street Journal reported on Friday, September 14, that The [U.S.] Justice Department, Treasury Department, and Securities and Exchange Commission [SEC] are each examining Danske Bank after a confidential whistleblower complaint was filed to the SEC more than two years ago, citing a person familiar with the matter. According to the person and the documents the news outlet has reviewed:
U.S. law enforcement agencies are probing Denmarks largest bank over allegations of massive money la...
This week a blockchain researcher named Alex Lebed published a code review on the new stablecoin, the gemini dollar, created by the Gemini Trust cryptocurrency firm. According to Lebeds study, gemini dollar accounts can be frozen by the exchange, and the tokens can be turned into non-transferable assets.
The latest tether (USDT) competitor, the gemini dollar (USDG) created by the cryptocurrency exchange owners the Gemini Trust, has had a code review this week. A post written by Alex Lebed details that exchanges new stablecoin creation has some interesting central...
A bill that leaves crypto-to-crypto trade outside of the scope of government regulation has been filed in the Ukrainian parliament. The draft has been signed by 23 members of...
Smart contracts on two EOS gambling platforms have been hacked in the last four days to the tune of more than a quarter of a million dollars, with another platform paying out $600,000 to one user in an unusual-looking jackpot which EOSBet insists was simply luck. DEOSGames Hacked $24,000 Stolen We are back up
The post Two EOS Gambling Platforms Fall Prey to $260,000 Hack appeared first on CCN
We were able to sit down with Ethereum and ConsenSys Founder Joseph Lubin last week at TechCrunch Disrupt SF and talk to him about some of the projects that ConsenSys is working on. [Editors Note: This interview has been edited for clarity] CCN: What is ConsenSys? Joseph Lubin: ConsenSys is a venture development studio with
The post Interview: Joseph Lubin, Co-Founder of Ethereum & ConsenSys appeared first on CCN
The following opinion piece on Canonical Transaction Ordering (CTOR) was written by Jonald Fyookball the lead developer of Electron Cash.
Canonical Transaction Ordering (CTOR) is one of the planned changes for the November 2018 Bitcoin Cash protocol upgrade. There has been quite a bit of discussion in the Bitcoin Cash community about this change.
Also read: Philippines Okays PDAX Crypto Exchange
I had previously
published an article explaining in simple terms what the change
Although that article satisfied some readers and convinced them that CTOR is not dangerous, others were still critical and wanted to know if the change is necessary.
The questions on many peoples minds are: Why do we need CTOR? Why do we need it now? And are there other proposals that could accomplish the same thing?
I attempt to answer those questions
CTOR is part of a comprehensive technical roadmap designed to help Bitcoin Cash become peer to peer electronic cash for the entire world. More specifically, there is a clear and major benefit in CTOR which is that of faster block propagation. There are also some additional minor benefits. ...
As crypto prices downward streak rages on, comparisons to dot-com bubble ramp up
The World Economic Forum has outlined more than 65 blockchain use cases for environmental protection in a recent report
Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent
The post Bitcoin Severely Oversold, Various Technical Factors Suggest appeared first on CCN
The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi.
Hes argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union.
In a letter sent to Mr. Jons Fernndez, Member of the European Parliament, ECB President Mario Draghi said the central bank is analyzing the consequences of issuing a Central Bank Digital Currency and explained why there are no plans to launch one.
First, the technologies which could potentially be used to issue a central bank digital currency, such as distributed ledger, have not yet been thoroughly tested and require substantial further development before they could be used in a central bank context.
In 2016, the use of physical cash within the Euro monetary system accounted for 79 percent of all payments at point of sale and for 54 percent of the total value of those transactions. Non-cash payments have grown 7.9 percent in 2017, according to ECB research.
A number of countries have announced their plans to launch national cryptocurrencies or already conducted initial coin offerings (ICOs) to introduce a state-backed digital token.
In late February, Venezuela launched Petro, an oil-backed currency, which was automatically banned by the United States. Iran followed suit and announced it will implement the countrys first cloud-based digital currency to counter the international sanctions it faces ever since U.S. President Trump exited the nuclear deal.
China is also moving towards the launch of a national cryptocurrency, although the country is known to have a very strict policy regarding cryptocurrency trading. In June, Russian Central Banks Deputy Chair Olga Skorobogatova said: regulators of all countries agree that its time to develop national cryptocurrencies, this is the future.
Coincidentally or not, most countries who have announced national cryptocurrencies are run by authoritarian governments not keen on transparency. In June, Bitcoin developer...
September 15, 2018 brings the post-industrial financial world to a ten-year milestone. Lehman Brothers Holdings Inc. was officially shuttered on this day in 2008, rocking the entire planet. The event occurred just 110 days before a revolution its collapse helped to spawn: Bitcoin. A little-known economic philosopher, Ludwig von Mises, tried to warn many years ahead about the perils of allowing politicians to issue and steer money.
Investment banks successfully captured levers of government regulation, both sectors preying upon the need for housing, and together they created a moral hazard, leading to what is known as malinvestment, as predicted by a cranky, marginalized mid 20th century economist, Ludwig von Mises.
This is what happens when governments control money.
The phenomenon may have also helped hasten Satoshi Nakamotos white paper to be made flesh, as in early January of the following year, the Bitcoin network mined its first block. While the cryptocurrency phenomenon was founded in direct opposition to Wall Street and its finance system, what a difference ten years has made. Almost all happy talk the community engages in at present can be categorized as Wall Street worship: crypto enthusiasts now work to be absorbed into the very system predeces...
Just days after French soccer giant Paris Saint-Germain football club (PSG) announced its own cryptocurrency, complete with an initial coin offering (ICO), Brazils Ava Football Club has come up with a similar plan. Announced Wednesday, Ava FC has partnered with blockchain-based sports investment ecosystem SportyCo and football investment platform Blackbridge Sports to raise funds worldwide through the ICO, Continued
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The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his companys role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related fraud.
A District Court Judge in Connecticut sentenced 33-year-old Josh Garza to a 21-month prison sentence followed by six months of house arrest for his role in a Ponzi scheme based around the issuance of a cryptocurrency called PayCoin which entitled investors to a portion of another companys mining profits.
The scheme was conducted between May of 2014 and January of 2015 through four companies owned by Garza. These companies sold the rights and access to cryptocurrency mining operations and allowed investors to buy a portion of these operations through PayCoin and Hashlets, which claimed to give investors the rights to a portion of the profits from the mining operations.
John Durham, the U.S. District Attorney for Connecticut, spoke about the scheme, saying that hashlet customers, or investors, were buying the rights to profit from a slice of the computing power owned by the companies.
Although the operation seems legitimate on the surface, Garza made multiple claims that should have raised red flags for investors, including the guarantee that the price of the virtual currency wouldnt drop below $20 per unit, because the company would prop the price using their $100 million digital currency reserve.
After pleading guilty for defrauding investors and committing wire fraud, Garza was ordered to pay full restitution to all the investors that had lost their entire investments after the operations were found to be illegitimate. The judge required that Garza pay all the investors a total of $9,182,000 in restitution and was sentenced to 21 months in prison.
This past week, a New York federal judge ruled that Initial Coin Offerings (ICOs) fall under the umbrella of securities offerings, opening up the gates for the Securities and Exchange Commission (SEC) to move to shut down fraudulent, or potentially fraudulent, ICO operations.
The ruling came about in a case regarding a man who has defrauded ICO investors by claiming, and providing falsified evidence, that the virtual currency was physically backed by diamonds and real estate....
This is why we cant have nice things. A few months ago, cybersecurity pioneer and noted provocateur John McAfee took to Twitter to implore his followers to flood Securities and Exchange Commission (SEC) Chairman Jay Claytons office with emails and calls. McAfee wanted them to demand that Clayton to whom he affectionately referred as Continued
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Crypto markets see another upswing after yesterdays decline, 17 out of top 20 coins by market cap in the green, Bitcoin above $6,500
Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20 percent or more in value. Since then, the digital currency economy has regained some strength bouncing back from a low of US$186 billion to $205 billion on Saturday, September 15.
Last week, as BTC/USD and ETH/USD short positions (bets against the cryptocurrencys price) stacked up reaching all-time highs, many traders were unsure of the outcome. Then, throughout much of the week, a good portion of digital assets except bitcoin core (BTC) lost significant value, bringing BTC market dominance close to 60 percent. However, 48 hours later cryptocurrencies like ethereum (ETH) rebounded in value and spiked 20 percent, bitcoin cash jumped over 15 percent and BTC prices saw a minimal 5 percent lift. This has led to BTCs market dominance among 1900+ coins down to 55 percent. All of the consecutive rises in value pushed the entire crypto-economy up over $19 billion leading to todays overall ...
Bitcoin on Saturday crossed above the $6,500-mark but lacked further upside momentum near the psychological resistance. The BTC/USD kickstarted the day forming higher lows towards 6475-fiat. The Asian trading session witnessed consolidated action within a narrow range defined by 6520-fiat to the upside and 6477-fiat to the downside. A breakout action appeared only during the early European Continued
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The Satoshi Revolution: A Revolution of Rising Expectations
Section 4: State Versus Society
Chapter 10, Part 4
Crypto and the New Cold War
History is written by the
Success is a great deodorant.
The winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create the facts that school-children know. The losing side can struggle for decades to crack open a window onto inconvenient truths and a more complete picture. Unimportant facts do not fare much better in textbooks. Marginalized nations and groups are overlooked or selectively noted according to their relevance to the winner-loser framework. Things get lost. Average people get lost, because history revolves not only around victors but also around kings and queens, presidents and generals. Average people are faceless subjects or cannon fodder.
The historical parallel to the crypto revolution is called the revolution of rising expectations. The term refers to a condition in which even a slight increase in freedom and economic well-being make people believe they can improve their lives. They can benefit their families and future through action. The phenomenon rocked marginalized nations after World War II, from the Far East to Latin America and Africa, and it sparked political revolutions. The new order was often unpleasant, but that does not makes the phenomenon less remarkable.
Nothing in living memory has destabilized the world as thoroughly as World War II, and its aftermath. It wrecked industrialized nations that had anchored Europe; the world map was redrawn; America became the dominant empire; communism became a bloc; and the Cold War defined foreign policy until the fall of the Soviet Union in 1991. The destabilization was more than political. It was also economic, social, and cultural, because the fa...
Fundstrat, a Wall Street-based investment firm led by Tom Lee, reported that the hashpower of Bitcoin has doubled since May. Despite BTC bear market, hashpower doubled since May to 57 EH/s Even with upgrades to existing equipment, implies almost 1GW of new power consumption vs 5.2GW in May 18. Breakeven now $7300 ($5300 cash Continued
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Is the ICO bloom falling off of its rose? ICO funding has fallen to just over $300 million, taking it to where it was in May of 2017, researcher Autonomous Next reported. The fall in the crypto markets capitalization could be pushing the trend, particularly Ethereum, the foundational platform for a large number of ICOs. Continued
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You may not know his name, but nearly every time you browse the internet, chances are youre running into technology the founder of Brave Browser and its native cryptocurrency token BAT created.
Eich stepped down from Mozilla and is now focusing his efforts on developing the Brave Browser as CEO of Brave Software.
According to Eich, the current internets current monetization system is mature, but troubled, suggesting that the human attention economy through the Basic Attention Token will eventually replace the need for fund-raising through sites like Patreon or through traditional programmatic digital advertising exchanges.
The Basic Attention Token is an ERC20 token on Ethereum designed to be a unit of account of human attention in a reformed and private system of internet advertising and anonymous contributions. This system could replace the current web digital ad system which has a number of problems, Eich explained.
Eich says the current $200 billion global advertising industry is inefficient due to the scale of the web. Because publishers and other websites rely on ad exchanges, excessive fees are involved due to so many middlemen having a hand in the process. Worse, Eich says, are the prominence of malware distributors who buy cheap ad spaces and put cuddly disguised exploit-kit loaders and fake ads.
You also get the counterpart abuse which is ad-fraud where fake publishers, fake humans played by bots, take ad-...
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