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A small Japanese village is turning to cryptocurrencies in an effort to bolster its economy. Nishiawakura a village of about 1, 500 individuals in Okayama prefecture in Japan has revealed his plan a week ago to launch a regional initial coin offering as a way to secure financing. The municipality, particularly, depends on forestry in support its economics about 95 percent of the city is composed of forest area, in accordance with the villages official announcement. Nishiawakura Coin will be issued by Nishiawakuras Token Economy Association. Whilst the launch date hasnt yet been released, some details about the coin can be found on its official website.
The village launched the effort after its leaders ICOs being widely used around the world by companies and non governmental organizations, Nikkei reported on June 16. Officials also took note that the country is moving ahead with the establishment of self regulatory rules regarding the blockchain financing model. In its release, the village quoted Yoichi Ochiai, a Japanese researcher and cryptocurrency writer, who claimed that future local governments in Japan will move away from centralization and make aggressive investments in ICO. This isnt the first example of municipal interest in ICO around the world. As previously reported by CoinDesk, the mayor of the Louisiana city of Lafayette broke the ICO to raise money.
Editors Note: Statements in this article have been translated from Japanese. Japanese yen image through Shutterstock. A 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.
No need to beat yourself up if your cryptocurrency portfolio exhibited less than stellar performance in May. Even the professional traders employed by the big hedge funds active in the space have suffered double digit declines during the previous month.
Data provided by three different industry trackers reveals that crypto hedge funds achieved considerable negative growth in the bear market of May 2018.
The Eurekahedge Crypto-Currency Hedge Fund Index estimates the losses made by crypto funds to have been 11.66% during May, and 2018s year to date (YTD) performance to be -22.71%. Market analysis firm, Hedge Fund Research Inc. (HFR), estimates crypto funds to have suffered a decline of 15.48% during May, bringing the YTD performance to -33.3% per the companys HFR Blockchain Index. And the Cryptocurrency Traders Index of hedge fund data specialist Barclay Hedge shows that the performance of those it is tracking dropped by 19.09% in May, and down 34.57% YTD. The differences between the three benchmarks are due to each following a different number of funds.
The weak May figures are in sharp contrast to the strong rebound performance seen the previous month, as Eurekahedge reported an increase of in 52.83% and Barclay Hedge a similar 44.86% in April 2018....
Phillip Nunn, chief executive officer of Manchester-based investment firm Blackmore Group, is standing by his bullish prediction that the bitcoin price will reach $60,000 in 2018, according to BusinessCloud. Nunn, who also advises initial coin offering (ICO) projects, told the news outlet he believes the flagship cryptocurrency see both $6,000 and $60,000 this year. Speaking Continued
The post Bitcoin Price Will Hit $60,000 This Year: Fund Manager appeared first on CCN
Bancor has announced
today it will launch a network of blockchain-based community
currencies in Kenya. The new project is expected to combat poverty
through the stimulation of local and regional commerce and
By using the Bancor Network, disadvantaged communities in Kenya will be able to create digital currencies that can hold one or more balances in a connected way such that integrated currencies can be swapped for one another without needing a counterparty.
Bancor will launch the new currencies by contributing capital from the proceeds of its $153 million token sales in 2017.
In correspondence with Bitcoin Magazine, Galia Benartzi, Bancors co-founder, said, Bancor will serve as one of several donors in the program providing initial capital to fund the token balances contained within each of the community currencies. In addition, Bancor will provide in-kind operational support, including technical and integrations work, marketing and hardware to get the currencies distributed and operational.
The company will partner with Kenyan nonprofit foundation Grassroots Economics, who has experience developing community currency programs in Africa.
Grassroots Economics founder Will Ruddick, who is also the newly appointed director of community currencies at Bancor, will oversee the launch of the community currencies from Nairobi. The team will use Bancor Protocol to expand the current paper currency system used by local businesses to reduce poverty and create stable markets.
Ruddick believes that when communities have the same right as nations to create and manage currencies, they will unlock their full potential.
Kawangware and Kibera are the focal points for the pilot launch. These communities, which happen to be the largest slums in Kenya, will be used to circulate the currency by incentivizing customers to use it.
Bancor expects that as more people in the community buy and hold the local currency, its market cap can increase, which will create more wealth and a higher purchasing power for the holders.
Community members and supporters of the initiative will have the option to buy and sell the local currencies via the open-source Bancor Protocol using any of the popular cryptocurrencies or a major credit card.
South Koreas central bank has said that it opposes the idea of issuing a central bank digital currency (CBDC). The news comes from the Bank of Koreas (BOKs) report about coins and the crypto-ecosystem, which looked at the possibility of issuing a CBDC and also how digital currencies might influence Koreas financial sector as a whole.
The reason the BOK opposes a CBDC is because issuing one would raise the basic mechanics of monetary policy and implementation, including the banks use of open market operations, according to The Korea Times.
Further, officials at the BOK say a CBDC will cost society and could cause a moral hazard. Also, issuing a CBDC could destabilize the market order because digital currencies dont currently constitute money, as per the BOKs definition.
We reviewed the possible feasibility of digital currencies as currency; however, our thoughts are that digital currencies have been exposed to various categories of risk associated with credit, liquidity and legal management, Kwon Oh-ik, a researcher at the bank, said in the report. Digital currencies dont perform as money.
Moving forward, the BOK said that it doesnt have plans to let private sector players issue coins, because central banks should have appropriate control over financial conditions. Put simply, the BOK dont want to share their powers of issue money:
Its desirable that the BOK is the only entity to entirely control issuing money, the report read.
The report also indicated that CBDCs may revolutionize the banking financial system, but before going live they would need to be thoroughly vetted and also accompanied by further regulation.
Technology improvements dont mean private sectors will be allowed to have the rights for money issuance. If this happens, the BOK should regulate them but properly, Kwon said in the report.
According to the financial authority, the BOKs focus with regards to digital currencies has been to protect the interests of consumers, seek greater financial stability, and attempt to prevent...
The Commodity Futures Trading Commission (CFTC) on Monday slapped JPMorgan Chase Bank with a $65 million fine for attempting to manipulate the value of a US Dollar benchmark index. JPMorgan Busted for Trying to Manipulated USD Benchmark According to the CFTC, JPMorgan traders repeatedly attempted to manipulate the US Dollar International Swaps and Derivatives Association Continued
The post JPMorgan Fined $65 Million for Manipulating US Dollar Benchmark appeared first on CCN
Payments company Square, a side venture of Twitter CEO Jack Dorsey, is the ninth firm to have obtained a BitLicense by the New York State Department of Financial Services. Bitcoin purchases first became available on its app in other states in January, but revenue has barely covered the costs in Q1 2018.
Jack Dorsey, co-founder and CEO of Twitter and avid cryptocurrency enthusiast, was able to obtain a license to operate virtual currency activities in the New York State for its other venture, mobile payments firm Square. Not many companies hold a BitLicense. Square became the ninth firm after the first being issued in September 2015 for Boston-based Circle, according to a report from Business Insider.
Blockchain remittance network Ripple was the runner-up, being granted a license in July 2016, followed by cryptocurrency exchange Coinbase in January 2017. Later that year, Tokyo-based bitFlyer obtained the fourth BitLicense and Genesis Global Trading was awarded the fifth in May 2018. Recently, the New York State seems to have become fertile ground for the issuance of charters as June 2018 saw Hong Kong-based Xapo being granted the sixth license just days before Square.
The New York State Department of Financial Services conducted a comprehensive review of Squares anti-money laundering, anti-fraud and cybersecurity policies, before providing the license. A BitLicense is required for any company whose business includes receiving, storing, holding or maintaining custody or control of virtual currencies. Buying and selling, as well as performing exchange services, controlling, administering, and issuing cryptocurrencies are also prohibited without the license.
Square, who sells devices for small and medium enterprises (SMEs) to accept credit card payments, has enabled users to buy and sell Bitcoin in its Cash App since January in a few U.S. states. Dorsey said the move had been a pretty contentious move within the company in a conference last month, where he explained that openness to Bitcoin remains a source of internal tension within the company. Its new Bitcoin offering channeled $34.1 million in revenue in Q1 2018, but the $33.9 million in costs left a narrow margin for profit. Its most rece...
Ukrainian authorities have arrested four people suspected of counterfeiting counterfeit crypto-exchanges, the nations federal police force announced Saturday. The National Police of Ukraine claimed in a news release that the suspects have been arrested for operating as much like six fraudulent cryptocurrency exchange platforms. Cybercrime officials are still looking at sites to determine how much money has been stolen from investors. The four suspects allegedly created web sites which imitated legitimate cryptocurrency exchanges, targeting investors which were intrigued in buying tokens. The suspects further asked the victims to transfer funds into digital purses registered under forged identification documents throughout the fake trading sites, in accordance with the police.
As part of the investigation, officials confiscated computers, flash drives, bank cards and mobile cellphones which were utilized by the suspects. Ukrainian police have begun criminal proceedings under Section 3 of Article 190 of Ukraines Criminal Code, according to statements. The move marks among the first important efforts of the country to protect their internal cryptologic ecosystem, following a previous movement to form a brand new working group to regulate cryptocurrencies, as previously reported by CoinDesk. During a January meeting, National Security and Defense Council chief Oleksandr Turchynov said that a lack of regulation around the technology is a threat to Ukraines economics and security. Ukrainian Flag image by Shutterstock. A 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.
Those working for the executive branch of the U.S. Government must reveal their encryption holdings, officials said Monday. In the legal council, published on Monday, U.S. Office of Government Ethics clarified that digital currency is property held , for investment or the production of income instead of a real currency or legal tender. Consequently, the OGE will now require executive branch employees to report holdings of digital currency because, as outlined later in the release, they might create a conflict of interests for employees who own it.. The requirement of disclosure is an important step requiring members of U.S. Executive branch officials working for the White House and also a galaxy of federal agencies at uncover their crypto holdings.
Earlier this year, a member of the U.S. Congress submitted a request seeking comparable requirements for federal lawmakers. The OGEs document also specifically makes mention of first coin offerings, or the sale of tokens prior to the launch of a certain network. Further, the reporting and conflict of interest principles set forth herein also apply equally to other digital assets, like Coins or tokens received in connection with first coin offerings or issued or distributed using dispersed ledger or blockchain technologies, the OGE wrote. Whilst document does not establish when the process started, the OGE suggested that he moved to carry out guidance because the government representatives have been increasingly seeking guidance from their ethics officers regarding their financial disclosure reporting obligations..
Notably, the OGE suggested that Mondays release might not be the final word on this issue. In the future, officials wrote, activities by other government agencies could put the boards into doubt and need further study. Given the evolutionary nature of the virtual currency, other regulatory agencies might Issue additional findings or guidance that offer Further information on how these assets should be treated for the purposes of the EIGA, the OGE said. Image via Shutterstock. A 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.
Square receives NYC BitLicense, New York Cash App users now able to buy and sell Bitcoin
The company Square announced on Monday the firm has been granted the Bitlicense from the New York Department of Financial Services (DFS). The firm and its Cash App are now legally allowed to operate and utilize cryptocurrency solutions in the state of New York.
Square, Inc. is a payment processor and financial services provider that was launched in 2010. The San Francisco based company was founded by...
Londons Trafalgar Studios is to play host to the first theatre production funded by Bitcoin. The play is titled Silk Road (How to Buy Drugs Online).
The show that was first conceived back in 2014 will premiere in August. It was written by Alex Oates and became the first production to receive funding in cryptocurrency. An anonymous backer contributed an unspecified amount of Bitcoin four years ago. This has allowed Oates to take the play to its first showing at the Edinburgh Fringe. This was followed by a second showing at VAULT Festival.
However, 2018 will be the first time that Silk Road (How to Buy Drugs Online) will have its own residency at a theatre. Londons Trafalgar Studios will host the production between August 7 and September 1. Just as with its earlier showings, Dominic Shaw will be directing the title this time around.
According to local news source the Standard, Oates is particularly excited about taking the production to a new venue:
Back in 2014, Bitcoin was a bit of a novelty so I couldnt be more thrilled that Silk Road (How to Buy Drugs Online), which was initially made possible through an anonymous donation of Bitcoin, is back with a run at Trafalgar Studios this summer. It seems clear that Bitcoin is here to stay and it was a great honour to be the first play funded by cryptocurrency it undoubtedly wont be the last.
The story itself is based around a young technology enthusiasts dealings with dark web drug dealers and gangsters. Bruce Blakemore is played by Josh Barrow and in his pursuit of an intriguing technology, he manages to get himself and his grandmother deep into the criminal underworld.
According to the Standard, the production of Silk Road (How to Buy Drugs Online) was inspired by the stories of real dark web drug vendors. Apparently, Oates has attempted to explore the impact of a completely unregulated internet through his work.
Productions such as this one highlight a Bitcoin maturing as the financial innovation moves further into public vernacular. Weve previously reported on the likes of The Ellen Gegeneres Show, as well as Conan...
As the cryptocurrency market develops and grows, cryptocurrencies have become the subject of an increasing number of securities lawsuits. This year alone, more than 10 cryptocurrency securities lawsuits have been filed in federal district courts throughout the country.
While regulations and laws governing the cryptocurrency market continue to develop, recent activity involving cryptocurrency has raised a host of questions concerning investor protections. As federal and state regulators and policymakers grapple with how to regulate digital currencies, some investors have sought protection through securities lawsuits.
Based on the number of lawsuits filed to date and the recent decline in the price of cryptocurrencies, such litigation will likely increase in volume in the coming year. Investors should be aware of recent cryptocurrency case law to safeguard their rights and preserve their legal remedies. A selection of recent securities lawsuits against five cryptocurrency companies is highlighted below to illustrate some of the typical cases in which investors have found reason to pursue legal action against cryptocurrency companies.
Longfin Corp., a global cryptocurrency company, was a pure stock scheme. On April 9 and April 19, 2018, two classes of investors sued Longfin and its top officers for allegedly violating Sections 10(b) and 20(a) of the Securities Exchange Act. The investors allege that Longfin misrepresented the location of its primary offices and the identity of key employees in its public statements; had numerous material weaknesses in its operations and internal financial reporting controls; and was ineligible for inclusion in certain stock indices.
The investors allege that when this information was made public, Longfins stock value declined more than 86 percent in two weeks. The investors are attempting to recover damages associated with the decline in stock value.
Takeaway: This case is an example of a cryptocurrency companys shares plummeting after company executives disclosed financial information to the public. Prospective investors should be wary of giving too much credibility to unsubstantiated statements made by cryptocurrency companies and should be selective when determining the trustworthiness of sources....
When people talk about blockchain they often do so within the context of cryptocurrencies like Bitcoin and Ethereum. But the blockchain revolution isnt just about people being able to easily transfer money back and forth to each other without interference from banks or governments. The technology is advancing so rapidly that it is quickly being adopted by major corporations like Google and Amazon into a wide array of industries.
And, as Robert Galarza, CEO of publicly traded BLOCKStrain Technology (DNAX.V) explains in a recent interview with SGT Report, it is also being used for advanced medical applications related to genetics verification. In the case of Galarzas company, blockchain tech is focused on newly regulated marijuana markets in the United States and Canada, where systems to track and verify the genome of specific plants create total trust, protection and legitimacy for breeders, growers, and distributors in a market that has long operated in the shadows.
And with President Trump now considering lifting the Federal ban on marijuana and leaving States to create their own regulations, technology that protects consumers cant come soon enough.
With BLOCKStrain, users of marijuana, whether for medical or recreational reasons, will now have a way to ensure that the product theyre consuming is exactly what its supposed to be:
There are no standards and thats a scary proposition when youre looking at the biochemical and chemistry effects that this plant has when literally two batches of the same product from the same mothering plant can yield two separate products with different THC and CBD levels
The problem there is if youre taking it medically for example, sometimes there are people with heart conditions that get on a high level Sativa with high level THC and they can go into respiratory failures
There are a lot of factors that go into needing to make sure that you have even from a legal source.. an understanding of what youre putting in your body.
The black market in this industry taints a lot of product Thats a scary thing and that...
The U.S. Central Intelligence Agency (CIA) has neither [confirmed] nor [denied] the existence of information regarding the real identity of Bitcoin creator Satoshi Nakamoto, Motherboard reported June 14.
Motherboards Daniel Oberhaus, who mainly covers topics on physics, space, cryptocurrency, and the future of energy, submitted a Freedom of Information Act (FOIA) request to the Federal Bureau of Investigation (FBI) and to the CIA, requesting information regarding the identity of Satoshi.
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The chief executive of R3 is striking back at a recent report that the enterprise blockchain startup is hemorrhaging cash and is well on its way to bankruptcy. Writing in an official statement on the R3 blog, David E. Rutter said that the firm which has raised more than $120 million over multiple funding Continued
The post R3 Not Going Bankrupt, in a Very Strong Financial Position: CEO David Rutter appeared first on CCN
When Blockchain Revolution came out, bitcoin was worth around $7
billion. Today, its more than twenty-two times that. Bitcoin is the
workhorse of the cryptocurrency world and the cryptocurrency that
launched a thousand ships.
So reads part of the preface in the newly-released second edition of Blockchain Revolution by the father-and-son team of Don Tapscott, founder and executive chair of the Blockchain Research Institute (BRI), and Alex Tapscott, founder and CEO of NextBlock Global, a digital asset company.
The first edition of Blockchain Revolution, published in May 2016, has been translated into 15 languages, is a bestseller in five Asian languages and remains Amazons number one selling book about blockchain technology.
Two years in the crypto world is a lifetime, so theres lots of catching up to do in the second edition which contains a lengthy preface with plenty of new material, including information about tokens (utility, security, natural asset and commodity), a whos who of the crypto world, leading companies in the space, instructions for leading crypto companies and their managers, and the leadership of nations.
Predicting a rosy future for bitcoin, the new edition notes that bitcoins impact on culture and the economy in the last two years has been extraordinary and points out that the remarkable price rise since 2016 means bitcoin has become an asset class too big for investors to ignore.
The attitude on the part of banks has changed since 2016 when blockchain good, bitcoin bad was the dominant ethics. Now even Goldman Sachs and JP Morgan are getting into the cryptocurrency market.
Noting bitcoins continuing success, the authors say:
With the launch of the Lightning Network and other scaling solutions in 2018, bitcoin may also fulfill the promise of its most ardent supporters and obliterate the need for traditional financial intermediaries.
The new second edition names 10 leadership nations who are best placed to lead the blockchain revolution and build the new innovation economy.
Alphabetically the countries are: Australia, Canada, China, Dubai (United Arab Emirates), Estonia, Singapore, Sweden (Stockho...
A blockchain-based gaming company is teaming up with a fantasy sports giant to offer free tournaments with a prize pool of $100,000 in crypto and $35,000 cash throughout the World Cup #SPONSORED
There are plenty of different opinions on cryptocurrencies. It is difficult to find the true metric to determine their success. According to the Bank of International Settlements (BIS), there isnt any real growth. In fact, BIS claims the performance of cryptocurrencies worsens as the currencies grow more popular.
It is a well-known fact how banks and financial institutions dislike Bitcoin. This trend became apparent many years ago and still remains in place today. Bar a few exceptions, it seems unlikely any overarching institutions will give cryptocurrencies the benefit of the doubt. For the BIS, that is quite visible as of right now.
In a recent statement, BIS confirmed they are keeping tabs on the performance of cryptocurrencies. More specifically, they have been tracking how currency growth correlates to performance. The current result is not all that great, according to BIS. In fact, its latest annual report claims how the lack of blockchain scaling hinders growth in this industry.
Furthermore, the institution also questions the finality of payments. In its report, BIS claims a cryptocurrency can simply stop functioning. A valid comment, especially where the smaller-cap currencies and tokens are concerned. When it comes to Bitcoin, Ethereum, and others, such developments remain highly unlikely.
BIS is also not a big fan of the mining aspect. The costly energy use associated with this process creates an environmental disaster. Such claims have been made in the past when Bitcoin was far less successful. Even so, it seems these drawbacks are not sufficient to hinder the growth of cryptocurrencies.
At the same time, the report makes no mention of Bitcoin mining using renewable...
Those working for the executive branch of the U.S. government must disclose their cryptocurrency holdings, ethics officials said Monday.
Japans self-regulatory crypto association will reportedly release guidelines on June 27th, banning insider trading and the listing of anonymous coins
Ukrainian authorities have arrested four individuals suspected of operating fake cryptocurrency exchanges.
South Koreas main bank has declared that it doesnt plan to launch its own electronic money over fears it might destabilize the economy. According to The Korea Times on Monday, the BoK said that issuing a main bank electronic currency could pose a moral danger by adversely impacting financial policy and its execution, and maybe cause instability in the marketplace as it efficiently doesnt function like fiat money. More than that, the Bank of Korea went up to state that digital currency dont function as money, in a brand new report. Whilst the main bank set out to examine the feasibility of utilizing digital monies as currency, our thoughts are that electronic currency have been exposed to several categories of risk associated with liquidity, credit that the BoK is the only accounts.
Looking more broadly, the unrestricted issuance of the traditional and electronic currency could bring social prices that the BoK is the only crucial that the BoK is the only thing to completely control the issuing of cash. The main bank is not completely negative on CBDCs, but must be thoroughly tested before being. Still, theyd must be thoroughly tested before being accepted. According to Yonhap, adding that the government personal issuance of electronic monies, according to Yonhap, adding that the government must sectors will be allowed to have the rights for money issuance subtract sectors will be allowed to have the rights for money issuance.
Technology improvements do not mean personal sectors will be allowed to have the rights for money issuance. The leader in blockchain news, CoinDesk is a media outlet that must govern them properly, Kwon said. The main leader in blockchain news, CoinDesk is a media outlet that. Korean won picture via Shutterstock. The leader in blockchain news, 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 subsidiary of the Digital Currency Group, which invests in cryptocurrency and blockchain startups.
The EOS network has barely processed its first blocks, but one blockchain researcher is already predicting that an as-yet-undiscovered vulnerability in the nascent cryptocurrencys codebase will lead to a massive exchange hack within the near future. Writing on Twitter, Cornell professor Emin Gn Sirer forecasted his belief that EOS, which launched last week following a Continued
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The Malta Stock Exchange announced today that Binance, among the worlds leading cryptocurrency markets, is financing its newly established program to support fintech startups and entrepreneurs. Known as a very small archipelago between Sicily and the North African shore, Malta, along with a lot of other microstates including Bermuda, Liechtenstein, Gibraltar and San Marino, have joined the race in the latest years to pull blockchain and crypto businesses. The MSX Fintech Accelerator is targeted at creating an ecosystem to nurture and support crypto startups and entrepreneurs, in accordance with the Malta Stock Exchanges announcement. The accelerator provides professional business services such as in the house of accounting, payroll, and post space.
In addition to Binance, the stock market Thomson Reuters added to its own list of mentor organizations. Joseph Portelli, the president of the Malta Stock Exchange, said that the app has guaranteed easy access for both domestic and overseas businesses. Its clear that Malta is becoming a fintech and blockchain centre of excellence, added Portelli, following the announcement of the partnership. The markets official Twitter account tweeted this morning itll be accepting up to 12 Fintech startups to use the facilities from the recently established program. We moved our operations to Malta just because its demonstrated its progressive approach to encouraging and developing the crypto and blockchain market.
Malta is developing a secure and the legislated environment for the business to become reputable, bring businesses like ours and several others, Binance said in a statement. Picture via 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.
Last summer, ICOs could do no wrong. But by 2018, the acronym had been relegated to the realm of the unmentionables, a place normally reserved for the most offensive cuss words and the name of Harry Potters antagonist, Voldemort. In many circles, ICO has become a dirty word. In its place has come a range of creative alternatives, each designed to improve on the model and nomenclature of the much derided Initial Coin Offering.
Whenever a new musical movement emerges punk; nu-metal; emo bands lumped into the genre rush to distance themselves from it. Something similar has happened with ICOs: everyones in them, but no one wants to admit to being in them. Instead, we have the spectacle of projects dressing their ICO up as a token generation event and other euphemisms.
Some of the alternative nomenclature is an attempt to avoid legal repercussions (You cant charge us with running an unregistered ICO if we didnt call it an ICO!), but more often its an attempt to avoid being tarred with the same brush as the scammy ICOs that have ruined the name for everyone. Then there are the crowdsales whose alternative name reflects a genuine desire to provide an alternative means of raising capital in which everyone gets a bite of the cherry. What follows is six alternatives to the tried, tested, and tired ICO.
Worth the trouble? The EOS mainnet is finally operational as the community elects a pool of Block Producers and overcomes a freeze
Crypto markets experience solid gains today, despite news of a scathing report on crypto from the Bank of International Settlements
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.
The still young GINcoin cryptocurrency continues its ascension in the crypto market. With its rapid development, the project is ticking three important boxes last week: getting listed on Cryptopia, adding PIVX to the turnkey masternode deployment platform, and launching an all-in-one Investor Dashboard, where masternode owners can keep a close eye on all of their masternode investments.
PIVX masternodes can now be deployed on GINs masternode platform
Since its launch, the GINcoin platform has become the go-to utility tool for anyone looking to set up a masternode, regardless of their technological knowledge. By constantly adding coins to the platform, they enabled masternode enthusiasts to easily diversify their portfolio.
The team worked out a two-lane highway for listing coins on the platform: one focusing on the well-established projects in the masternode field, the other giving every coin available the opportunity to apply to be listed and afterwards being subjected to a community vote. The first one has led to its first major breakthrough, pushing GIN to reach an important milestone: the famous PIVX was just added to the platform.
Cryptopia listing trade pairs available are GIN/BTC, GIN/LTC, GIN/DOGE
GINcoin was launched in February of this year and has developed constantly ever since, by adding more and more altcoins to its masternode deploying platform (https://p.gincoin.io/#!/) and by growing in value steadily. The increase in daily traded volume and the boost of investors interest prompted the team to ensure that the coin was more easily accessible. Hence, the natural step to be made was to get the coin to an additional exchange Cryptopia...
Days after granting its sixth-ever BitLicense to cryptocurrency wallet Xapo, New York has approved fintech startup Square to operate in the state, enabling its users buy and sell bitcoin. The New York Department of Financial Services (NYDFS) announced on Monday its formal approval of Squares application for a virtual currency license, also known as BitLicense. Continued
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The Malta Stock Exchange announced today that Binance is backing the exchange's newly launched program to support fintech startups and entrepreneurs.
CryptoDredge is a new Nvidia GPU miner that we have recently talked about as it is offering one of the best Lyra2REv2 performance at the moment. It is a closed source miner that support the following algorithms: Allium, Lyra2REv2, Lyra2z, NeoScrypt and PHI1612 and requires Nvidia GPUs with Compute Capability 5.0 or newer (Maxwell or Pascal architecture). There is a 1% developer fee built-in, so make sure you are Ok with these before checking it out if you still havent and make sure to update if you are using the miner already, as it is quite interesting for people mining crypto coins using Lyra2REv2 and Lyra2z algorithms.
The government of the South Indian state of Kerala will use a blockchain system to improve the supply and distribution of dairy produce, vegetables and fish
The Freedom of the Press Foundation now formally accept donations made with cryptocurrencies, the nonprofit announced Monday. The movement is natural match to the organization, which aims to encourage journalists reporting on topics Within authorities, said Executive Director Trevor Timm. FPF that will currently take bitlock, bitcone cash, ethereum, litecoin and zcash currently has a digital purses available for direct donations. He said, even though the purpose is to finally use a payment processor to automatically convert donations into currency. Decentralized technology is an instrument which may assist in preventing on-line censorship, as well as to prevent surveillance by particular parties, according to Timm.
The decentralized nature of cryptocurrencies, particularly, can mitigate the potential risk of financial censorship by the comparatively small number of traditional payment processors that currently hold a monopoly on finance transfers, he said. Timm told CoinDesk: If cryptocurrencies might lead to more consciousness about censorship, and also do it simpler for potential supporters to encourage nonprofits like the Freedom of the Press Foundation, so I expect numerous other comparable organizations will follow suit in the coming months and years. . We are living in a time when journalists around the globe have never been at greater risk of surveillance, arrest, or worse, and it is incredibly essential that supporters of media freedom have all of the available options to them to fight .
He explained. Perhaps in recognition of the mission, blockchain startup Mainframe has already made the initial crypto donation, sending 1, 000 ether to the foundation. Timm explained that the funds would permit the FPF, which especially has NSA whistleblower Ed Snowden on its board, at enlarge its work, adding that it could even inspire others to donate . Newspapers and string image via Shutterstock. The leader in blockchain news, 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.
Digital payments firm Square has obtained a BitLicense from regulators in the country of New York. The Business announced Monday that the NY Department of Financial Services given the permit. Square first signaled back in March that itd Submitted paperwork to get a BitLicense, a move afterwards confirmed by a spokesperson. DFS is pleased to approve Squares application and welcomes them in New York, expanding and well controlled virtual currency market. DFS carries on to work in support of a lively and the competitive virtual currency market that connects and empowers New Yorkers in a worldwide market whilst ensuring strong state regulatory supervision is set up, Superintendent Maria Vullo stated in a statement.
Squares bitcoin buying option through its Cash application first surfaced last autumn, after which the company began steadily providing access to a larger number of users. NY had, until today, remained a major U.S. Market where Square had yet to get permission to operate. The companys move into the crypto area has already demonstrated its worth, latest figures show. In May, Square reported that itd Booked a little profit on $34 million in crypto related revenue through is Cash app. Cash App image via CoinDesk. 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.
South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
The different prices of bitcoin and other cryptocurrencies between countries and exchanges have led investors to seek arbitrage opportunities, a trend noticed by financial regulators around the world. Discussions are underway at the Japanese Financial Services Agency on restricting leverage.
Cryptocurrencies are traded in many countries with varying prices. The value of BTC in Zimbabwe, for instance, is currently 80% higher than in Japan. Hyperinflation has made bitcoin popular in the African country because many of its residents do not trust their own fiat currency.
In stock markets, investors cannot employ arbitrage be...
US Senate candidate Austin Petersen received a $130,000 bitcoin donation but was forced to return it due to federal regulations governing campaign contributions. Petersen, a Republican who is hoping to unseat incumbent Missouri Sen. Claire McCaskill during the mid-term election in November, said that an enthusiastic supporter attempted to donate $130,276 worth of bitcoins (~20 Continued
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By Vin Armani Watch Live at 1pm EST (10am PST). In the first hour Vin discusses key stories and insights related to freedom and cryptocurrency....
Digital payments startup Square has received a BitLicense through the NY Department of Financial Services.
Anyone who stays in the crypto-space long enough begins to recognize the familiar mantras. Dont invest more than you can afford to lose. Were in the early days of the internet. Adoption is coming. Theyre all valid points, and currently the latter is being held back by lack of regulation and typical financial services, keeping Continued
The post Regulated Cryptocurrency Custody Will Bring in Big Money: Hedge Fund Manager appeared first on CCN
The Freedom of the Press Foundation has expanded its donation methods to include five cryptocurrencies, calling the move a "natural fit."
Asset tokenization platform TrustToken just raised $20 million in a strategic token sale with the aid Of major venture businesses, including Andreessen Horowitz. The startup announced Monday that the money raised in the financing effort, that was also backed by BlockTower Capital and Danhua Capital, will be utilized to continue developing its platform, which seeks to list different tokens back by physical assets, based on a news release. TrustToken has so far published such a token already a stablecoin called TrueUSD, in accordance with the release. In a statement, TrustToken chief executive Danny a said: . The support of those leading investment firms represent an important step towards our goal of creating a compatible tokenization platform for currency, commodity, and real world assets.
Well draw on the combined expertise and network of those Firms as we grow our business partnership and expand the scope of our first product, TrueUSD.. The funds will also help TrustToken enlarge its legal, production and engineering departments, in accordance with the release. Ari Paul, controlling your stresses Partner in BlockTower, spoke to the possibility of blockchain technology and numerous reasons for the investment in a statement, saying that tokenization of real world assets will produce value much in the same way that equitization did.. We may now buy the fractional property in a basket of commercial office buildings or commodity via equity instruments, he continued.
Tokenization will further reduce friction in asset trading and possession.. U.S. Dollars image via Shutterstock. A 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.
Decentralized market startup Origin Protocol is looking to expand its audience, as well as raise more capital, through a consistent symbolic sale. Announced Monday at a news release, Origin has set a target of $6.6 million to the offering, with SEC registered CoinList Capital behaving as investment advisor and issuing platform. Origin co creator Josh Fraser said that, more significant than the money, it will be an opportunity to cultivate its network with endorsement from CoinList, an AngelList spin off. The startup wants as many individuals to participate as possible, he told CoinDesk. Fraser continued. There is so many scammy projects out there, and so anything you may do to set yourself apart is like we said wed, he said.
Fraser noted that the basic question the provider is asking is whether or not open source protocols might replace not one, not two, but dozens of major businesses. We are creating a platform for sharing economics type marketplaces. Looking at how you are able to construct decentralized Uber, decentralized AirBNB these markets where people could use a blockchain to make peer-to peer marketplaces as opposed to utilizing giant corporations and monopolies, he said. Toolbox 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.
Japans SBI Virtual Currencies has added support for two major cryptocurrencies in addition to the one trading pair that its crypto exchange service, Vctrade, launched with. Users who pre-registered prior to the launch can now trade BTC, BCH, and XRP against the Japanese yen.
SBI Virtual Currencies, the cryptocurrency exchange subsidiary of one of Japans largest financial services groups, has announced support for two major cryptocurrencies. Starting Monday, June 18, customers can start trading BTC/JPY using the exchanges Vctrade service. This is in addition to the BCH/JPY trading pair which the exchange started offering on June 8.
Jeff Garzik, one of the earliest Bitcoin developers, has formally launched an altcoin, dubbed Metronome, which backers allege will be the first cryptocurrency to offer institutional class endurance. Metronome had first been announced by Bloq, Garziks blockchain development firm, back in Oct. 2017, when the cryptocurrency market was in the early stages of a parabolic Continued
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Bancor, the worlds largest decentralized crypto exchange, is launching a network of blockchain-based community currencies in Kenya aimed at combating poverty
Though Chinese authorities have previously taken various measures aimed at curtailing the trading of cryptocurrencies, the mining of Bitcoin has continued unabated in some of Chinas remote parts according to a Nikkei Asian Review report. These regions enjoy excess electricity supply capacity and are considered poor relative to the economic powerhouses of Beijing and Shanghai. Continued
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In the latest crypto mansion sell-off, Hilton and Hyland, the real estate firm chaired by Rick Hilton, the father of reality TV celebrity Paris Hilton, has announced that the sale of a 16th century Roman mansion will be conducted on the blockchain.
The historic property set in the center of Rome was originally designed by the architect Giacomo Della Porta who was a contemporary of and collaborator with Michelangelo. Known as The Palazzetto, the landmark home with 11 bedrooms and 15 bathrooms will be listed by California based Propy.com, a global property store, and decentralized title registry.
There were reportedly twenty home sold for cryptocurrency in 2017 and already more than that this year. Most notably a seven-bedroom Miami estate purchased with 455 bitcoins, an equivalent value of $US6 million. Rick Hilton commented on the planned sale saying The auction shows real estates growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset,
The estimated sale price for The Palazzetto is $35 million which will make it by far and away the most expensive property to be sold for cryptocurrency and the most valuable listing ever handled by Propy which completed the first ever real estate sale for crypto in Ukraine in 2017. The company which calls itself the first international real estate market allows clients to purchase property online and uses blockchain technology to eliminate many of the hurdles encountered in cross-border transactions.
In March Propy became the first ever company to execute a US government sanctioned use of blockchain for a public service when it facilitated the sale and deed transfer of a home in Burlington, Vermont via the Ethereum network. CTO Alex Voloshyn was quoted at the time as saying,
Were ready to help US counties and other countries set up the blockchain registry for free. The developer program helps us accelerate the platforms growth and ultimately give more governments the chance to integrate their land registry on Blockchain
Decentralized marketplace startup Origin Protocol is looking to raise $6.6 million via a token sale with help from CoinList.
Who is the richest person in the world? Who said, It costs a lot of money to look this cheap? Where do they drink the most alcohol per capita? Ireland, Scotland, Russia or France? Readers who immediately answered just might be perfect guests on Dominic Frisbys Financial Game Show, launching in the United Kingdom. Prizes include standard fiat payouts, but the show is also offering prizes in bitcoin cash (BCH) and even silver bullion.
A recent announcement blogged by famed UK financial guru, Dominic Frisby, explained he is host and quizmaster in [a] classic gameshow full of fascinating financial facts. Contestants from the audience (willing volunteers only) can win big prizes including 500 in cash there is 500 to be won every show solid silver and bitcoin cash. Games range from higher-lower for house prices to to high-pressure quiz questions with the 500 jackpot at stake. Exciting, informative, amusing.
Dominic Frisby is a well known author on things financial, including Bitcoin: the Future of Money? (praised by no less than Sir Richard Branson). Hes also something of a television star, hosting very popular shows on financial literacy such as Lets Talk About Tax, blending both finance and humor. Indeed, he bills himself as the worlds only financial expert and comedian.
Bitcoin (BTC) is once more facing a fall to (or below) $6,000,
with short- and long-duration graphs being coordinated in favour of
The cryptocurrency found acceptance over the key resistance of $6,425 (Apr 1 reduced ) in the second 50 percent of a week ago, increasing the prospects of a corrective rally towards the $7,000 mark.
Further, while a drop to $6,000 following a bear flag breakdown on Friday seemed probable, losses were cut short at $6,300, signaling bearish exhaustion.
On the other hand, the leading cryptocurrency didnt find any takers over the weekend, leaving trading flat-lined over $6,500.
Courtesy of the fall from $6,573 (Sundays high) to $6,370 (todays low), the short duration charts have now turned bearish. In the mean time, the long duration graphs continue calling a bearish move.
As of writing, BTC is changing hands at $6,430 on Bitfinex down 1.3 per cent over twenty four hours and can be looking southwards.
BTCs fall to $6,370 earlier today confirmed a downside break of
the pennant a bearish continuation pattern suggesting the sell-off
from the top of $7,638 has declared.
Consequently, the cryptocurrency might slide to $5,820 (target as per the measured height procedure, i.e. the distinction between the pennant low and large subtracted from the breakdown price).
The moving averages (MAs) are also biased bearish, with the 50-candle, 100-candle and 200-candle MAs all trending south.
Further, the relative strength index (RSI) is struggling to grow above 50.00 (into bullish territory).
BTC stays trapped inside a declining channel, the RSI stays
below 50.00 (in bearish territory) and the 10-day MA is falling
The 5-week and 10-week MAs are losing elevation, signaling a
bearish setup and adding credence to the pennant breakdown.
The 10-week MA is about to cross the 50-week MA from over (bearish crossover) for the very first time since Sept 2015.
BTC will probably test $6,000 this week and could stretch losses
further towards $5,820.
On the other hand, a convincing break above $6,618 (resistance seen in 4-hour chart) would open up upside towards the 5-week MA, currently situated at $6,943.
Only a weekly close above $7,959 (50-week MA) would abort the long-term bearish perspective.
Dice picture via Shutterstock
The leader in blockchain information, CoinDesk is a media outlet that tries for the greatest 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.
Cryptocurrency volumes have dipped to a two-month low, with levels resembling those seen earlier this year during Aprils downtrend. But what does this mean for the market in general?
As of June 18th, exchange volume has collectively dropped under $10 billion dollars, with these levels being seen in early April.
The collective exchange volume is currently down over 80% since the large influx seen in early January, which topped out at a staggering $68 Billion in 24 hours. Tom Lee called this absurd amount of volume an abnormal figure, believing that Januarys volume should be of no comparison to todays volume.
Nevertheless, trading volume present with a specific asset, or asset-class, has long been held as a significant indicator of the markets interest in an asset.
With some critics keeping this ideology in mind, they have suggested that investors are losing interest in the industry, and quick too. Despite these fears, cryptocurrency and blockchain development is still at all-time highs, with countless institutions piling on to the cryptocurrency bandwagon.
Just last month, IBM announced that they are planning to create a cryptocurrency in collaboration with a carbon-credit startup. Seeing such a large technological player get its feet dipped into the cryptocurrency market has produced some bullish sentiment, as some predict that this cryptocurrency will reach wide-spread adoption as a carbon-credit alternative.
Additionally, regulatory fears have slowed as governmental bodies have eased their previously relentless pressure on the industry. Although these announcements have not caused the expected surge in exchange volume, some expect that volume has moved to the more secretive OTC exchanges.
Over-the-counter trading has become a reoccurring practice for larger institutions, which is a statistic CoinMarketCap does not register.
This may be due to the fact that most exchanges, whether large or small, do not have enough liquidity to su...
The seemingly banal enterprise applications for blockchain we're seeing, like food traceability, are actually a big deal and worth celebrating.
Authorities have admitted that the South Korean government had postponed the regulation of the cryptocurrency sector because it feared consumers will acknowledge it as the government legitimizing the cryptocurrency market. Government is Aware Regulation Will Legitimize Market Last week, CCN reported that the government of South Korea and its financial agencies including the Korea Financial Continued
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TrustToken, which aims to put tokenized assets on a blockchain, raised $20 million in a strategic token sale with help from Andreessen Horowitz.
The Bank of International Settlements says crypto cant function as money, given it lacks scalability, stability of value and trust in the finality of payments
The company behind a new lightning fast protocol says it can process more than five billion transactions a day, all while offering low fees #SPONSORED
The cryptocurrency market has dropped by $5 billion over the past 24 hours, from $282 billion to $277 billion. Most major cryptocurrencies including Bitcoin have declined by 1 to 2 percent but did not demonstrate any major movement on both the upside and downside. Bitcoin and Ethereum outperformed the top 10 cryptocurrencies with a slight Continued
The post Cryptocurrency Market Declines $5 Billion, Bitcoin Price Fairly Stable at $6,450 appeared first on CCN
Major Russian banks Sberbank and Alfa-Bank reportedly testing new crypto-based investment fund to include Bitcoin, Ethereum and Litecoin
The worlds largest blockchain insurance consortium will use Cordas R3 platform to build its upcoming products, the company announced Monday. The Blockchain Insurance Industry Initiative, The independent company founded by Allianz, Aegon and Swiss Re, and supported by AIG and AIA, will use the platform to advance a prototype reinsurance blockchain, in addition to use a smart contract system to reduce paperwork, based on a news release. B3i reasoned that the Corda platform offers the best blockchain alternative available, providing a firm Foundation for B3i to effectively deliver business value to its customers after a comprehensive review of available open source blockchains, in accordance with the release.
In accordance with the news release, complete integration of Corda nodes is likely be activated in professional and compliant IT environments which are utilized by B3is clients. R3 that is its own consortium of banking companies established the Corda platform in October 2017 and aims the technology at various kinds of businesses inside the financial industry, as previously reported by CoinDesk. R3 CTO Richard Brown said in a statement that were delighted that B3i has selected Corda as its preferred platform and our engineering team is looking forward to working closely with the excellent team at B3i to bring their innovative solutions to market. Toy train tracks picture via Shutterstock. A 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.
The U.S. Department of Homeland Security has awarded a grant of $192, 380 to blockchain project Factom to support beta testing of a stage aimed to procure data from Border Patrol cameras and sensors, the agency announced Friday. The early stages of Factoms work has educated architecture selections and design decisions inherent in integrating blockchain with existing technology, said Anil John, Identity Management Research and Development Program Manager in the DHS Science and Technology Directorate, in a news release. In Phase IV, Factom will deploy this technology in a realistic field environment with Customs and border protection to comprehend its operational impacts.
Factom, a Texas based startup, is working on a technology that incorporates data gathered by the detectors and cameras on a blockchain, securing the data and removing a chance to spoof, alter or interrupt it, in accordance with the release. Factoms product is going to be tested in an environment with limited online connectivity and changeable weather conditions to gauge its performance in a live border patrol scenario. The capital is a 4th tranche of a subsidy granted to Factom by the DHS in the span of its Silicon Valley Innovation Program, which permits technology companies to employ for $800, 000 in capital over a 24 month period.
Currently 23 businesses, such as Factom, have been in process of creating their solutions to DHS with help from its own licenses, incorporating technology like The Internet of things, unmanned airplane systems, cybersecurity solutions for financial services, international travel evaluation systems, airport passenger transport and wearable technologies. As mentioned by CoinDesk, Factom received $200, 000 from the DHS in 2016 to start developing the current project. The Factom bit is much more along the line ofthese devices exist, but how do we build an image of the individuality of this device with time? . The blockchain might be the catalyst that allows us to document the modifications, John clarified.
Factom has made many successful fundraising efforts within the last 3 years, raising $1.1 million in the cup in 2015 and after that, later that year, $400, 000 in seed funding. October 2016 saw $4.2 million raised, followed by more than $8 million in an elongated Series A round last April. CCTV image via Shutterstock. The leader in blockchain news, 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.
The stories covered in todays edition of Bitcoin in Brief hail from all across the globe. In New York a major cold storage company has received a Bitlicense, in China there are new signs of crypto mania, and in Turkey bitcoin has made an appearance at a historic Istanbul market.
The New York Department of Financial Services (DFS) has announced it granted a virtual currency license to Xapo, the company providing wallet, cold storage, and bitcoin-based debit card services estimated to hold around $10 billion worth of BTC. With the Xapo approval, DFS has in total approved eight firms for virtual currency charters or licenses.
The regulator says it has conduc...
Bitcoin will likely drop below $6,000 this week, with bearish indicators still littering short- and long-term charts.
One of 17 institutions chosen for Ripples $50 million academic pledge, the University of Texas at Austin will receive $2 million from San Francisco-based industry giant Ripple. The McCombs School of Business at UT will receive $2 million from Ripple over the next five years to fund research at the institutions Blockchain Initiative program, a Continued
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Source: Economic Collapse Blog | by Michael Snyder
On Monday, another shot was fired in the war. Wells Fargo formally announced that their customers would no longer be permitted to purchase Bitcoin and other cryptocurrencies with Wells Fargo credit cards
Wells Fargo customers can no longer buy cryptocurrencies such as bitcoin on their credit cards, the company announced Monday. But they can still buy firearms.
The San Francisco-based bank joined some of its Wall Street peers in banning the purchase of cryptocurrencies on credit cards and said its decision is "in line with the overall industry."
Of course this follows decisions by virtually all of the other major credit card companies to ban cryptocurrency transactions as well
J.P. Morgan Chase, Bank of America and Citigroupannounced in February they would no longer let customers buy cryptocurrencies using credit cards, and like Wells Fargo cited credit risks and market volatility.
Capital One Financial said it has decided to ban cryptocurrency purchases with its cards, and Discover Financial Services ha...
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.
The music industrys business model has always been broken. For over 100 years artists have been paid a fraction of the earnings their music makes. Take Enrico Caruso, an Italian opera singer from the early 1900s, credited with being one of the very first recorded artists. Over his lifetime he made over 488 recordings, almost exclusively for Victor, a record label now known as RCA and owned by Sony Music. While it is said that this made Caruso extremely rich, netting him nearly $2 million, his label scooped nearly twice that and is still making money from his recordings today.
Many think the golden age of vinyl and CDs was a time when artists were fairly compensated, but even then musicians werent exactly raking it in. A report suggests that, when records were still popular, of every $1,000 of albums sold, 18% went to the musicians, 63% to the record label, and 24% to distributors. Meaning each artist got a grand total of $23.40.
Then along came the Internet.
Times They Are A-Changin
According to The Economist, back in 1997 Amazon CEO Jeff Bezos was looking for online retail opportunities. He considered selling music, but quickly realised there were only a few major music labels, and they would have the power to stifle any online venture that presented serious competition.
The first online music sharing service, Napster, bypassed the record labels altogether and facilitated free peer-to-peer sharing of compressed music files. Obviously that didnt work out for them, and it wasnt long before Napster found itself facing litigation from all angles. The company was closed by court order in 2001, after less than three years of operation. The Napster brand only survived because the companys assets were liquidated and purchased by other companies through bankruptcy proceedings.
So what changed to make online streaming services a viable business mod...
Despite the market downtrend, Binances team has forged ahead to ensure that its consumers are having a great experience using the exchange.
Airdrops have historically been a touchy subject for cryptocurrency exchanges, as claiming airdrop tokens can often require exchanges to give up some wallet security. As well, logistically setting up the support for airdrops may not be worth the time for some exchanges, as exchanges do not directly benefit from this process.
However, Binance has taken the initiative to support three airdrops from the recently launched EOS mainnet, pleasing many users in the process.
For the time being, Binance will only be supporting the IQ, DAC and EON airdrops, three of the most notable projects launched on the EOS blockchain. EON withdrawals have just opened, allowing for users to move their airdropped EON to their personal EOS wallets.
However, Some users took this announcement the wrong way. A blog post made it clear that support for these cryptocurrencies will only consist of withdrawal support and not trading, saying:
For trading and listing of these airdropped tokens on Binance, each project will go through the same strict listing review process as Binance does for any other coin/token. The default position we have is no listing.
Despite the misunderstanding, the announcement was still well received by the community, with many users giving their thanks to Binance for accepting these airdrops. Airdrops essentially provide users with free cryptocurrencies, which can rack up value quickly.
Binance has yet to open up withdrawals for EOS mainnet tokens, weird considering that EON token withdrawals are now available. But it has become apparent that the exchange will continue to support the EOS mainnet, by continually supporting airdrops launched in the future.
Binance has announced that they will be reinstating the community coin of the month, which allowed for users to vote and propose coins/tokens they think should be added to an expansive lineup.
It has been over 3 months...
The Department of Homeland Security has awarded a grant to blockchain project Factom for live testing a platform for securing camera and sensor data.
Espaol Heres what happened this week in Bitcoin in 99 seconds. The US Securities and Exchange Commission stated that they dont consider Bitcoin or Ethereum as securities, renouncing any claim to oversight of these coins. However, the SEC regards the majority of ICOs as securities, and thus within their regulatory scope. ICOs will [...]
Bitcoin price is still struggling to gain pace above $6,600 against the US Dollar. BTC/USD is likely to hold the $6,325 and $6,230 support levels in the near term.
This past week, there was a decent bounce from the $6,130 level in bitcoin price against the US Dollar. The BTC/USD pair traded above the $6,500 and $6,600 resistance levels. However, sellers successfully defended the $6,700-30 zone. As a result, there was a downside reaction and the price declined below the $6,660 pivot level. There was also a break below the 50% Fib retracement level of the last wave from the $6,122 low to $6,731 high.
The price even settled below the $6,500 level and the 100 hourly simple moving average. However, the price was able to hold the 61.8% Fib retracement level of the last wave from the $6,122 low to $6,731 high. There are many important support levels on the downside such as $6,325 and $6,230. As long as the price is above $6,230, it could make an attempt to move higher. On the upside, there is a significant bearish trend line formed with resistance at $6,500 on the hourly chart of the BTC/USD pair.
Looking at the chart, the price has to move past the trend line resistance, $6,500, and the 100 hourly SMA to gain upside momentum. A close above $6,500 may clear the path for a push towards $6,700.
Looking at the technical indicators:
A financial institution operated by the worlds central banks is taking aim at cryptocurrencies, questioning their capability to deliver on their promise at a brand new report published Sunday morning. A document called Cryptocurrencies: looking beyond the hype and released from the Bank of International Settlements, explains the story behind the technology and analyzes if it can actually developing a trustless form of money. As previously mentioned, the release computes the organizations total annual economic record, that will be published next week. Citing hard drives, mining concentration, the proliferation of new cryptocurrencies, volatile markets and scalability as problems with cryptocurrencies at present, the banks report concludes that the decentralized technology of cryptocurrencies, yet complicated, is a poor replacement for the strong institutional backing of money .
Additionally, the bank asserts that utilizing a blockchain to process the amount of retail payments made daily could bring the world wide web to a halt. The report clarifies: To treat the number of electronic retail transactions currently traded with selected national retail payment systems, even under optimistic assumptions, the size of the book would grow far beyond the storage capacity of a typical smartphone in a few days, beyond that of a typical personal computer in a matter of weeks and beyond which of servers in a matter of months . Beyond the storage capacity, the report asserts that only supercomputers possess the processing power necessary to conduct each retail transaction on a blockchain, and even when there were adequate supercomputers to create a decentralized network, millions of users exchange documents on the purchase of a magnitude of a terabyte. .
This massive communication volume is what would affect the world wide web, in accordance with the report. The report also takes pictures from the miners, noting that bring in. Hinges on a set of assumptionsthat sincere miners control a huge network of computing power, that consumers affirm the history of all transactions and the source of the currency is predetermined by means of a protocol . Whilst the BIS was brutal on cryptocurrencies, it saw distributed ledgers more positively, writing the underlying technology could have claim in other fields. . Distributed ledger technology can ease cross border payments, as well as aid market fields where the advantages of unrestricted accessibility transcend the higher operating cost of maintaining several copies of the ledger. .
Nevertheless, the report finally noted that research in others technology to do the very same goals as a dispersed ledger is ongoing, and it isnt clear that may emerge as the most effective one. . Match on fire image via Shutterstock. The leader in blockchain information, CoinDesk is a media outlet that tries for the highest journalistic stan...
The government of Kerala, a state in South India, is turning to blockchain tech to organize the supply chain process of everyday groceries. The new project will specifically look to streamline the supply chain networks including distribution of milk, vegetables, and fish in the state using blockchain technology, the Press Trust of India Continued
The post Indian State Kerala to Put Milk and Fish Supply Chains on a Blockchain appeared first on CCN
The EOS mainnet had to take a quick breather yesterday, with an unexpected bug causing its blockchain to come to a full stop.
EOS New York stated that the blockchain paused at 9:56 UTC, which immediately triggered a knee-jerk response from all active EOS Block Producers. The block producers along with standby nodes quickly jumped into a conference call to help identify and amend the issue.
After almost an hour of discussion, members of the conference call decided that it would be best for all standby nodes to temporarily disable their nodes, while still backing up vital information.
Eventually, the group of determined individuals found the cause of the problem, declaring that they were working on a fix. After almost five hours of work, the EOS chain resumed, allowing for transactions to go through at 14:48 UTC.
The #EOS Mainnet is live again and no data (irreversible transactions) are lost. Excellent response from block producers and block one to find the root cause & fix within a few hours.
EOS Authority (@EOSauthority) June 16, 2018
Despite the quick response, users still felt an almost five-hour downtime, expressing their anger and disbelief on this projects native subreddit.
Reddit user, SonataSystems, jumped on the fact that such a bug exists, saying:
Is there a realistic (real world configuration/load) testnet to put these patches through a strong, regressive gauntlet prior to release? Are they just chucking untested code over the fence? Just how much test coverage is there, and how much regressive testing is performed, where is it performed and by whom?
This isnt the best sign for a brand-new cryptocurrency project, as the downtime deterred thousands of transactions, if not more.
Cardano price failed to move higher and declined against the US Dollar and Bitcoin. ADA/USD is likely to extend the current decline towards the $0.1505 level.
This past week, there was a minor upside recovery from the $0.1460 swing low in ADA price against the US Dollar. The price climbed above the $0.1500 and $0.1600 resistance levels, but it failed to hold gains. A top was formed around the $0.1740 level before the price started a downside move. It declined and broke the $0.1650 and $0.1600 support levels to settle below the 100 hourly simple moving average. There was also a break below the 50% Fib retracement level of the last wave from the $0.1462 low to $0.1746 high.
At the moment, the price is trading well below the $0.1650 level and the 100 hourly SMA. It is testing the 61.8% Fib retracement level of the last wave from the $0.1462 low to $0.1746 high. A break below the $0.1550 support level may well call for more slides towards the $0.1505 level in the near term. On the upside, there is a crucial bearish trend line forming with resistance at $0.1600 on the hourly chart of the ADA/USD pair.
The chart indicates the price could extend declines as long as it is below $0.1650 and the 100 hourly SMA. The most important support on the downside is at $0.1505 where buyers may put to test.
Hourly MACD The MACD for ADA/USD is placed nicely in the bearish zone....
Blockchain insurance consortium B3i announced Monday it would use R3's Corda platform to develop its products.
In recent regulatory news, the Shapeshift co-founder and chief operating officer, has given a damning appraisal of the current regulatory climate surrounding cryptocurrencies in the United States. The president of Germanys Federal Financial Supervisory Authority, Felix Hufeld, has indicated that the principal concern of German regulators regarding cryptocurrency will be seeking to ensure financial stability, rather than concerns pertaining to individual investors. The U.Ks Financial Conduct Authority has published an open letter to the CEOs of businesses offering services related to cryptoassets regarding financial crime risks associated with virtual currencies.
Also Read: EOS Has Issues
An independent vlogger posted a video on Reddit about why hes still bullish on crypto. In the video the vlogger names six points to keep in mind about the health of the space as networks continue to grow, clarity comes in to being and crypto attracts the best and brightest minds from both the tech and financial industries.
Most traders havent made a lot of money in 2018 as the market correction that put an end to the 2017 bull run lingers on and the price of Bitcoin has wavered between $6 and $9,000. Despite the industry oracles who are even now calling for Bitcoin to reach outlandish numbers by the end of the year what this vlogger, who posts as u/undertheradar48, focuses on is the security of the system. As he states in his video in the last month there has been a 300% increase in the bitcoin hash rate, meaning that more people than ever are mining the coin, meaning that ledger is larger than ever and therefore the system more secure.
Beyond the hash rate and estimated $100 billion dollars u/undertheradar48 tells his audience is locked up in Bitcoin he touches on something even more important. That 9 years in, the Bitcoin network is still alive and growing despite naysayers and pundits from the financial world hammering the press with statements calling it Rat Poison and a Ponzi scheme and government agencies waffling on laws and regulations that would give legitimacy.
As the video points out the Bitcoin network has grown bigger than anyone at the start could have imagined and so is the Ethereum network growing at an unprecedented rate. As he states there are more people downloading the Ethereum developer program Truffle today than there were during the networks price peak back in January. The number he quotes which seems to have come from a Consensys article is 50,000 new downloads per month which if projected through to the end of the year means an additional half a million developers working on the Ethereum network.
These estimates got the poster a lot of flack from his...
The Bank of International Settlements harshly reviewed the idea of cryptocurrencies, though it was more accepting of the idea of distributed ledgers.
Ripple price is trading with a negative bias against the US Dollar and Bitcoin. XRP/USD could extend declines if there is a break below the $0.5200 support.
There was a recovery wave initiated in Ripple price above the $0.5200 level against the US Dollar. The price moved above the $0.5400 and $0.5500 resistance levels. However, the upside move was capped by the $0.5650 zone where sellers appeared. A high was formed at $0.5681 before the price started a downside move. It declined and broke the $0.5500 support area. There was also a break below the 50% Fib retracement level of the last leg from the $0.5030 low to $0.5681 high.
The decline was such that the price settled below the $0.5400 level and the 100 hourly simple moving average. At the moment, the price is testing the 76.4% Fib retracement level of the last leg from the $0.5030 low to $0.5681 high. The $0.5200 support area holds a lot of importance for the next move in the near term. Should there be a bearish break below $0.5200, the price could drop back towards the $0.5000 level in the near term. On the upside, there is a key bearish trend line in place with resistance near $0.5300 on the hourly chart of the XRP/USD pair.
Looking at the chart, the price remains at a risk of more losses below $0.5200 as long as it is below $0.5400.
Looking at the technical indicators:
Two of Russias biggest banks are piloting cryptocurrency portfolios for their personal customers, the Kommersant newspaper reported Friday. Under the watch of the Bank of Russia, Sberbank and Alfa Bank will provide their clients shares in a special fund which is going to be trading the six most popular cryptocurrencies on major markets, such as Kraken and Bitstamp, in accordance with the report. Sberbank, the principal state owned bank accountable for processing government worker paychecks, and Alfa Bank, the largest private bank in the country, plan to enter crypto trading with the aid of the AddCapital investment fund, the National Settlement Depository and the Group IB.
Sberbank Private Banking deputy seat Ana Ivanchuk mentioned. Wed like to provide our clients a totally transparent way to put money into electronic with full compliance with the regulations which will allow them invest in the product theyre intrigued in Russia. Our goal is to speed-up the recognition of the electronic assets as valid financial assets as quickly As possible, said Anton Rakhmanov, director of Alfa Banks private banking division. AddCapital, the investment fund that participated in the new pre sale of Telegram tokens, is believed to be in charge of the technical solution for the project. Chief executive officer Alexey Prokofyev said the investment process will probably see investors buy a share of the fund.
The portfolio includes the six most popular cryptocurrencies, such as bitcoin, bitcoin cash, ethereum and litecoin. A combination of coins will probably be revised 4 times per year, and their proportions will probably be balanced by means of a trading algorithm. The shares are liquid and a customer could send them to get fiat currency any time, Prokofyev said. The National Settlement Depositary, which is part of the Moscow Exchange Group, will act as the custodian. While testing the portfolio process will take approximately 45 weeks, the particular dates havent been disclosed. Sberbank declined to comment when reached. Russian flag picture via 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.
A professional investor, who has worked at BlackRock, explained the main reasons why institutional investors are watching the crypto market but not yet getting involved. Speaking in London Tech Week he said that regulatory uncertainty, volatility and lack of education are the main obstacles.
Adam Grimsley, co founder of Prime Factor Capital, said that although some high net worth individuals are building up portfolios, the majority of institutional investors are waiting for regulatory certainty. Speaking at the Zeroing In On Europe conference on June 16, he highlighted the lack of regulation in London and the unwillingness of watchdogs to get involved.
He said: Banks, institutions and professional investors have been left at the start line. The usual advantages of size, infrastructure, connections and reputation have shown to be obstacles to move quickly into this space. Concerns around volatility, lack of liquidity, and regulatory uncertainty were more than enough to prevent the so-called traditional smart money from entering the arena.
On the other hand, Grimsley said: High net worth individuals and principal investors, through family office or private banks, have been quietly building up positions in crypto assets for the last few years.
In a panel discussion at the same event, James Radecki, Global Head of Business Development at Cumberland, the cryptocurrency arm of DRW, said that institutional money is starting to move into the market and that the decrease in volatility is proof of this.
Prime Factor Capital are a cryptocurrency and cryptoasset asset management company. They were founded by investors at global investment managers BlackRock and Nic Niedermowwe, who used to be a derivatives trader and had previously set up a cryptocurrency market making business.
On this move away from BlackRock, Grimsley said that the founders were personally invested in the new technology and felt there was a lack of professional management services.
Grimsley said: Weve been involved in the blockchain industry for some time and observed its huge potential to disrupt. It has the capacity to capture billions or trillions of dollars-worth of value fragmented across many different protocols.
As the South Korean government steps up its anti-money laundering (AML) oversight, major crypto exchanges in the country are voluntarily complying while banks are reportedly failing to meet the guidelines for compliance. South Korea has also been discussing ways to boost crypto-related AML measures with the U.S.
South Koreas AML directives currently do not apply to cryptocurrency exchanges directly. The government has made banks responsible for monitoring and reporting any crypto-related money laundering activities.
In an effort to comply with the countrys AML directives, most major South Korean banks have been adding compliance officers.
NH Nonghyup Bank, for example, recently created an independent unit ex...
A flat weekend in crypto land has not been enough to entice the bulls back into the market. Monday morning is shaping up to be a red one as the downward slide continues. Total market cap is still falling back towards the yearly low six weeks ago. Bitcoin is lulling around the $6,500 mark and has lost 1.5% on the day and Ethereums little bounce on the SEC news last week was short-lived as it also declined a similar amount to just below $500. Altcoins are getting hit harder with most of them in the red at the time of writing. There is only one coin in the green at the time of writing and that is Binances own crypto, BNB.
According to Coinmarketcap Binance Coin is trading up 3.9% on the day while every other altcoin in the top 40 is falling once again. BNB is currently trading at $16.80, up from $16.13 this time yesterday. Binance coin has had a strong week in spite of the negative market sentiment climbing 17.5% from $14.30 this time last Monday. On the month BNB has performed solidly rising 35% from $12.40 this time last month. Against Bitcoin BNB has made 5.7% on the day to 261300 satoshis from 247000 sats this time yesterday. Weekly gains on BTC have been around 23% from 212000 satoshis as Bitcoin has continued to fall.
Binance continues to offer promotions and airdrops for various tokens including its own which makes it a positive coin to invest in. Additionally trade fees can be halved by users trading with BNB instead of directly, this will also increase volume and value of this altcoin. Binance is constantly expanding with news that it will be offering fiat trading from Malta soon and another move into Jersey to tap the UK market keeping the exchange at the top of its game.
Tether is the top traded pair with BNB at over 50% with BTC taking 38% and ETH 4.4%. Trade volume has increased from $88 million to $109 million in the past 24 hours and Binance Coin is the only one not getting hammered during Asian trade this morning. With a market cap of $1.9 billion BNB sits at 15th spot in the coin charts.
All gains in the past 2 months have been wiped out with crypto markets falling back to early Ap...
Ethereum Price Key Highlights
Ethereum is currently consolidating inside a short-term symmetrical triangle with the possibility of an upside break.
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, the selloff is more likely to resume than to reverse. Price is still below the moving averages, after all, so sellers are in control.
However, the gap between the moving averages is narrowing to signal a potential upside crossover. In that case, bullish momentum could kick in an sustain a rally in the event of a break higher. Ethereum would also need to break past the 200 SMA dynamic inflection point just above $500 to confirm an uptrend.
Stochastic looks ready to move back up without even hitting oversold conditions. This signals that buyers are eager to return and push ethereum back up. RSI is already on the move up after making its way out of the oversold region, indicating that bullish pressure is present.
Ethereum drew strong support from remarks by an SEC official citing that it is not a security to be regulated like stocks or bonds. Although this isnt an official ruling yet, many are hopeful that this particular altcoin can evade strict regulation.
However, dollar strength is being tough to contend with as safe-haven demand picked up when the US and China imposed tariffs on each others goods. This could mean weaker demand for commodities and slower business activity, thereby dampening g...
Ethereum price is currently in a bearish zone against the US Dollar and Bitcoin. ETH/USD could decline further towards $475 level in the near term.
There was an upside move above the $500 level in ETH price against the US Dollar. The price traded a few points above $500, but it failed to gain momentum. As a result there was a downside reaction and the price settled below the $500 level. There was also a close below the $495 level and the 100 hourly simple moving average, which is a bearish sign. Additionally, the price broke the 23.6% Fib retracement level of the last wave from the $447 low to $528 high.
More importantly, there was a break below a crucial bullish trend line with support at $500 on the hourly chart of ETH/USD. The pair declined and tested the $488 support area. The mentioned support is near the 50% Fib retracement level of the last wave from the $447 low to $528 high. The pair is currently trading well below $500 with a bearish angle. Should there be a downside break below the $488 level, there could be more declines towards the $475 level.
Looking at the chart, the price may perhaps correct a few points towards $500. However, there is a bearish trend line in place to prevent upsides near $500 in the near term.
Hourly MACD The MACD is slowly moving back in the bullish zone.
Two of Russia's largest banks are planning to launch a cryptocurrency portfolio product for their private banking clients, Kommersant reported.
Bitcoin cash price started a downside move after it was rejected from $900 against the US Dollar. BCH/USD must stay above $825 to avoid a bearish break.
There was a recovery initiated in bitcoin cash price from the $799 low against the US Dollar. The price climbed above the $840 and $850 resistance levels to start a recovery. It even traded a few points above the $900 level before sellers appeared. There was no close above the $900 resistance, which resulted in a bearish reaction. BCH price declined sharply and moved below the $850 support area.
There was also a break below the 50% Fib retracement level of the last wave from the $799 low to $910 high. The downside move was such that the price closed below the $840 level and the 100 hourly simple moving average. At the moment, the price is holding an important support level at $825. It also coincides with the 76.4% Fib retracement level of the last wave from the $799 low to $910 high. Should there be a downside break below $825, the price may come under a lot of pressure. On the upside, there is a major bearish trend line formed with resistance at $850 on the hourly chart of the BCH/USD pair.
Looking at the chart, the pair is clearly at a risk of a downside break below $825 in the near term.
Looking at the technical indicators:
Hourly MACD The MA...
Bitcoin Price Key Highlights
Bitcoin price is consolidating inside a short-term symmetrical triangle pattern as bulls and bears wait for more decisive clues.
Technical Indicators Signals
The 100 SMA is below the longer-term 200 SMA on this time frame to signal that the path of least resistance is to the downside. This means that the selloff is more likely to resume than to reverse. The 100 SMA has held as dynamic resistance as well.
However, the gap between the moving averages has narrowed significantly to signal a slowdown in bearish pressure. This could also signal an imminent bullish crossover that could draw more buyers in and spur a reversal from the bitcoin price downtrend.
RSI still seems to be heading lower, though, so sellers might still have some energy to push for a break below support. The triangle spans $6,200 to $,6900 so the resulting breakout could be of the same size. Stochastic, on the other hand, appears to have bottomed out and is ready to turn higher.
Dollar strength kicked into high gear on Friday when the Trump administration imposed tariffs on Chinese goods and China retaliated with their own measures on US exports. Further escalation of these tensions could keep traders flocking to the safe-haven dollar and away from riskier assets like bitcoin.
Besides, the lack of positive updates from the industry has kept bitcoin price in consolidation, even after a senior SEC official suggested that it isnt subject to securit...
Just recently news.Bitcoin.com reported on the unique Electron Cash wallet alongside using the Cashshuffle plugin. Two weeks ago we were granted access to the Electron Cash iOS beta testing period, and we wanted to give our readers a sneak peek at what to expect when this bitcoin cash-centric light client launches.
Also Read: How to Shuffle Your BCH Coins Like a Boss
The Electron Cash wallet is a reputable bitcoin cash (BCH) wallet thats been arou...
To most banks in the U.S., cryptocurrency businesses are pariahs. To Metropolitan Commercial Bank in New York, they're "pioneers."
Nvidia appears to be expanding its own interest in blockchain. CoinDesk has heard the video card manufacturer, which saw a headline grabbing business boost from crypto mining requirement last year, is now working with a startup called Ubex to develop smart on-line marketing platform that uses blockchain and artificial intelligence. Abhinav Agrawal, a representative of the startup, told CoinDesk that Nvidia admitted Ubex to its launch program earlier this month. Ubex wants to utilize the technology to aid a neural network a sort of a computer program designed to think like an individual much more effectively present advertisements on websites.
Basically, the startup is looking to utilize blockchain to support his service, with information stored in a distributed ledger system helping the network target advertisements at consumers. Ubex co founder and chief executive Artem Chestnov told CoinDesk the startup utilizes a blockchain particularly because its key objective is the transparency and speed of transactions . He continued: Any AI needs datasets to work more efficiently and also to learn. Coaching an AI requires a whole lot of work. The blockchain base will enable us to attract tens of thousands of sources of info which will be utilized to enhance Our AIs database and allow it to be faster, brighter, stronger and much more efficient. .
Currently, the startup has released a prototype of its own platform for testing. The Nvidia Inception Program seeks to offer information science and artificial intelligence startups with resources to finish developing and market their goods, according to its own site. Agrawal told CoinDesk these resources include educational and marketing tools, as well as datasets for training the startups neural network. Nvidia Inception Program mind Arjun Dutt verified that Ubex is a part of the incubation program, but stated its use of blockchain wasnt a substantial factor in our consideration. Rather, it is Ubexs planned application that caught the organizations eye.
The most important area of interest is their use of profound learning neural networks to get better on-line advertising algorithms, he explained. Nvidia Chief executive officer via Flickr. 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.
Millennials GOLD: Blockchain & Cryptos Free Humanity From Bank Claws from The Daily Coin
The post Millennials GOLD: Blockchain & Cryptos Free Humanity From Bank Claws appeared first on The Daily Coin.
The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies. The bank also acknowledges the possibility of Continued
The post The Central Bank for Central Banks Disses Cryptocurrencies in New Report appeared first on CCN
Nvidia is supporting a blockchain startup as part of its Inception Program, which seeks to support artificial intelligence development.
With every slide in the cryptocurrency market, Bitcoin dominance increases. As a matter of fact, Bitcoin ball park control stands at 40 percent in the last seven days or so. Thats when bears took more than $30 billion despite supportive news from the SEC. Going forward, it could be worse for cryptocurrency portfolios because any break below $6,000 and we might see BTC valuation dropping 85 percent from its ATHs to $3,000.
Lets have a look at these charts:
It is attack after attack but in the case of BitGrail, ordinary account holders are set to suffer. A while back, this Italian exchange was hit by hackers who made away with $187 million worth of Nano coin. Even though the operations of the exchange took a hit, they resumed normal services a few days later. However, with formal announcement by the exchange that they were not in a position to reimburse user funds because they strongly believe hackers took advantage of Nanos blockchain weakness, the Nano Foundation refutes these claims.
We have temporarily disabled the BitGrail exchange pending further notice.
BitGrail Exchange (@BitGrail) May 2, 2018
This inevitably means the court is the only center of arbitration and now through the orders of a Florence Court, where bankruptcy petition for BitGrail is on-going, BitGrails digital assets are under state custody. We cannot make solid conclusion as the hearing continues.
DeusExMachina (@d1rtydan) April 27, 2018
Then again the CEO of BitGrail has been clear that...
Despite our buy projections, sell pressure is evidently strong and quickly reversing previous gains. Even though most coins as Stellar Lumens, IOTA and Litecoin are still trending within June 14 anchor candlestick, its very possible that bears might break lower and align with the general bear trend. Thats patience and waiting for right trigger levels to be hit is the right trading strategy.
Lets have a look at these charts:
After raising $4 billion from investors, EOSIO mainnet has been nothing short of disappointments. We can talk of their tumultuous coin staking process which was full of privacy concerns with centralization claims in the last days but thats no longer a cause of concern. Shortly before their bounty program, Guido Vranken while working alone bagged $120,000 after identifying 12 vulnerabilities.
and this software had $4B in funding. Making it hard to not be critical folks https://t.co/Z93qpkbxcS
Jackson Palmer (@ummjackson) June 16, 2018
Inevitably and rightly so, allegations were rife that Block One did outsource their platform building to a third party. Luckily, Guido Vranken is now an employee of Block One. He might even help the team to pin point the case of their recent blockchain freeze.
While the major banks are taking their time with
offering OTC crypto trading, new entrants to the space are stepping
up to fill the void. Social investing platform Etoro, which focuses
mainly on retail traders, is now expanding into the institutional
segment with a new cryptocurrency offering.
Etoro, which recently announced that it is expanding into the US with ten cryptocurrencies, is reportedly setting up an over-the-counter (OTC) trading desk in London for institutions wishing to trade on cryptocurrencies. The platform is connected to fifteen cryptocurrency exchanges from which to pool l...
Last year in November, 35 year old Louis Meza kidnapped his friend with the help of three gang members to steal the victims crypto holdings. In December 2017, Meza was charged with kidnapping and robbing the victim by Manhattan prosecutors. At that time, video footage of the incident was used to capture Meza, however, the rest Continued
The post Bronx Biker Gang Members Charged in $2 Million Ether Kidnapping appeared first on CCN
A village in Japan has announced its decision to launch an initial coin offering in order to secure funds for creating a sustainable region. This will be the first time in Japan for a municipality to use a token sale to raise funds.
A village in Japan has decided to issue an initial coin offering (ICO) which it describes as Japans first decision to issue a regional ICO by a local government.
Nishiawakura Village is in Okayama Prefecture, which is located in the southern part of Japans Honshu island. The prefecture is largely known for its rural landscapes, feudal castles and art museums. With 95% of the area covered in forest, the village has a population of approximately 1,500. In the early 2000s, the village refused to merge with Mimasaka City when municipalities nationwide consolidated, wanting to rema...
Smart urbanization on blockchain is coming. Which countries and cities will be the first to adopt this progressive technology?
Big-box retailer Walmart has been awarded a patent for a system that is designed to store a patients vital medical records in a blockchain database. The information can then be retrieved at the scene of an emergency when a patient is unresponsive and cant communicate with first responders. To protect privacy the only medical information Continued
The post Walmart Patents System for Accessing Medical Records Stored on a Blockchain appeared first on CCN
The EOS mainnet is less than a week old but already the much-vaunted blockchain has ran into a spate of issues ranging from the minor to the critical. Teething problems with new blockchains are to be expected, but the numeracy of these, coupled with a series of other anomalies, have had EOS critics scratching their heads and developers on the defensive.
The EOS soap opera has made for compelling viewing in recent weeks. The level of hype and funds invested in the project meant a soft launch was never going to be possible. Satoshi appears to have launched bitcoin alone, with zero fanfare and the world oblivious. EOS, on the other hand, has launched following a year-long $4 billion raise, having excited half of the crypto community and the alarmed the other half.
Crypto markets keep experiencing mixed signals since last Sundays drop, BTC and ETH in the green
Ever since the arrival of Bitcoin, many people have predicted that soon all of the cryptocurrencies will crash. The trends in cryptocurrencies have been compared to global events such as tulipmania, the 1929 stock market crash and the dotcom bubble. However, even after the recent fall in crypto prices, the industry continues to attract new Continued
The post Selling Crypto Now Is Like Selling Apple in 2001: eToro CEO appeared first on CCN
This week in crypto, the SEC finally decided that Ethereum is not a security, Bitcoins price drop is revealed (allegedly) to be due to Bitcoin future contracts expiring, and more in the Hodlers Digest
This article is my advice on how reasonable people can have a public discussion that is strong enough to avoid being derailed by trolls, no matter who they are. I believe the key is the conviction that if there were such a thing as a reasonable public discussion, everyone else would depend on the conclusions that it arrived at. Thus, everyone taking part in the discussion will tend to prefer to follow the rules over anything that might serve a conflicting interest.
If you are someone who prefers the Reasonable Network, then you are looking for people who also prefer the Reasonable Network. You must look at what they prefer and see that they prefer to be reasonable. You dont need to bug him or manipulate him. You just have to let him show you that he prefers reason.
I am not going to define precisely what I think reasonableness is because I would want people to develop their reasonableness test based on everything they know rather than just what is in this article. However, I will say that I think that a persons ability to repeat an intellectual position to his discussion partner is a test that is so easy to administer and evaluate, and simultaneously such a good indicator that I recommend it as the first step in any evaluation of another persons reasonableness.
Hi there folks, hope youre doing well. I know the market is kinda down and were all sad and remembering the good old days in December. It has been a pain to watch the charts these past couple of weeks, but lucky enough Ive been busy reading about the early discussions around Bitcoin to take Continued
The post How to Scale Bitcoin? Youre Asking The Wrong Question appeared first on CCN
A recent study estimated that mining Bitcoin consumes as much electricity as the Republic of Ireland. Hollywood actor William Shatner, who is best known as Captain Kirk in Star Trek, is now involved in efforts aimed at pushing for renewable energy use in the mining of the flagship cryptocurrency. This, he argues, is good for Continued
The post William Shatner Boldly Goes to Fight Bitcoins Carbon Footprint appeared first on CCN
The cybercrime combating unit of the Ukrainian police has uncovered a network of fraudulent crypto trading websites. Four people are suspected of offering the fake online exchange services. They have maintained at least six platforms luring cryptocurrency traders with deceptive messages.
The criminal group consisted of four people  possessing specialized knowledge and skills in programming, the NPUs press service said. They had set up their own CMS-system to manage the websites content. The platforms imitated the activities of legitimate online cryptocurrency exchangers, supporting multicurrency conversion, and even displayed fictitious positive ratings and reviews.
The victims were invited to transfer their money to digital wallets registered with forged identification documents under false names of foreign citizens. After receiving some funds through a particular platform, the scammers would close it and open a new one, law enforcement officials explained.
A group of editors and journalists from the Denver Post leave the outlet to start their own blockchain-powered newspaper, The Colorado Sun
Races for Senate are usually relatively similar. There are a few candidates, some routine bickering, a few shocking allegations, and enough muckraking to make even progressive era journalists look like they were embellishing their subjects. Occasionally though, a wrench is thrown in and shakes up the entire election. This year that person was Austin Petersen. Political opinions
The post Exclusive: US Senate Candidate Austin Petersen Talks Crypto appeared first on CCN
The EOS blockchain is live again, after pausing operations June 16
This week we reported about a suggested solution to 51% attacks, a hacked exchange that was blamed for tanking the market and a cannabis-themed cryptocurrency bringing peace to the world. We also learned, in this weeks most commented-on article, who really controls Bitcoin and why it wont become a global currency, according to the CEO of Ripple.
The big news on Monday was another hacked South Korean crypto exchange. While the figures stolen were much smaller than past events and the trading venue involved much lesser known, the incident was widely blamed for the drops across the markets due to its timing. The alleged hacker stole $19.5 million in NPXS, $13.8 million of Aston X, $5.8 million in tokens of Dent, over $1.1 million of Tron, and at least five other tokens, all from Coinrail exchange users. Other subjects covered include a hospital where you can pay with tokens and a blockchain based cultural center established by a gangster.
The post Japanese Police Arrest 16 Individuals in Monero Cryptojacking Case: Report appeared first on CCN
The request has been rejected, came response from the CIA, with the agency stating that it can neither confirm nor deny the existence of the requested documents. A tech writer petitioned the agency to see what it had on the subject of Satoshi Nakamoto, the name credited with founding Bitcoin, the worlds first decentralized cryptocurrency. There have been legendarily famous attempts to unmask the real person, only to find more paradox, more confusion, more wild theories. At least two online journalists believe a definitive answer just might be had through US intelligence agencies. The evidence borders on compelling and infuriating.
Its not often a journalist in the financial technology genre has cause to contact the United States Central Intelligence Agency (CIA), but this week proved reason enough. Keeping normal business hours, the CIAs Office of Public Affairs, Washington, D.C. 20505 (really Vienna, VA) was evidently swamped. Three calls placed to (703) 482-0623, along with one voicemail message on the final attempt, were not returned as of publication.
Inspiration to do so came from Daniel Oberhaus, staff writer at Motherboard. In an effort to follow up on work done by bloggers and investigative journalists on the tantalizing issue of Satoshi Nakamotos identity, Mr. Oberhaus explained, While recently filing some unrelated [Freedom of Information Act]...
A senior NEO executive has questioned how Facebook handles data, offering blockchain as a solution to the problem of data consent. Speaking on his first time in London, he also said NEO are planning to create a European office to access the western market.
Chen Johnson Zhao, General Manager of NEO Global Development, said that it is difficult to tell who controls user data on Facebook and that there is little emphasis on users providing consent over who has their data. Speaking at the Zeroing in on Europe conference on June 16 as part of London Tech Week, he also looked at the issues of compliance for cryptocurrencies.
Zhao said: Take Facebook, the data is transferred in terms of, I dont know where my data is transferred on Facebook. To a third party? To someone else? Its not really focused on consent of the data owner. Blockchain has an opportunity here, in general.
For example, my jogging data, this can also be an asset. These will be heavily traded, I believe, in the future. We will be able to exchange value, or data, with our consent. Its going to be more transparent and privacy will be protected.
Zhao also spoke on his previous experience of working in the financial sector and said that there was a lot of cost for reporting and complying with regulations. Regarding blockchain, he said that the regulatory side of it is difficult but exciting.
He said: We need to build in both identity and data rules. Compliance reduces Ponzi schemes, manipulations and hacks. China banned ICOs mainly because of the Ponzi schemes. Preventing these are very important. It will help the blockchain space go mainstream.
Zhao mentioned that NEO has a digital identity layer which allows for users to attach digital signature to assets. He said that it is important for providing the details on where a token has come from, where its going, for what reason and at what time. He called it a micro-level of compliance trail.
He also said complying with regulations when using blockchain technology could open up new industries that would otherwise be hard to move from paper to digital.
He said: Its difficult to disrupt the supply chain industry because so much of the data is on paper. Its not easy to bring the data from paper to a database. It costs a lot to bring them to digital records. We believe, in the future, the economy will be running in the digital form. No...
Ricardo Reis, a Brazilian entrepreneur, has recently created a bitcoin-powered coffee machine, in an attempt to show the flagship cryptocurrency has various potential use cases as actual programmable money. A video of the coffee machine in action was initially shared with a BTC-focused group on Facebook, and made the rounds on social media. The machine
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Digital identity is scattered and insecure. ConsenSys' uPort project wants to rework the internet to make "self-sovereign identity" a reality.
Despite positive news regarding popular South Korean based cryptocurrency, Icon, a smart contract bug has temporarily crippled the transfer of the ICX ERC-20 token.
Once the public was made aware of this bug, users begin to spam the disable function on ICXs Ethereum smart contract, whether out of malicious intent or otherwise.
According to Reddit user, ThrashSilence, the flaw is only composed of one incorrect character, noting:
- != means NOT EQUAL
- == means EQUAL
In this case, the contract is enforcing that the wallet address is NOT equal to a specified one, when it should be equal. This allows any address except the contract creator to enable or disable token transfers for everyone.
Many users began to criticize the Icon team, which currently runs a cryptocurrency with a market cap of over $750 million according to CoinMarketCap.
Another Reddit user, _dnov, stated:
How can you have millions of dollars and not invest in software testers? I mean how? No matter how good you are, some testing component should be crucial in your development process, especially at that scale.
_dnov along with a multitude of other Reddit users have brought up a valid point. ICX is now the 23rd largest cryptocurrency, by no means a small or unknown project. It is only logical that the code of the Icon mainnet should be clear of any glaring errors, especially one as important as the on...
A fifty-nine-year-old Canadian man accused of advising Ross Ulbricht, the creator and operator of the first anonymous free market, Silk Road, has been extradited to the United States from Thailand. Roger Thomas Clark has been charged by federal prosecutors for a number of crimes relating to the operations of Silk Road, including narcotics trafficking, computer hacking conspiracy, and money laundering conspiracy.
The U.S. Attorneys Office Southern District of New York has revealed that Roger Thomas Clark has been extradited to the United States and charged with a number of offenses relating to his alleged association with Ross Ulbricht. The United States Department of Justice asserts that Roger Thomas Clark was a key figure in the development of Silk Road and advised Ross Ulbricht on all aspects of the criminal enterprise.
Manhattan U.S. Attorney Geoffrey S. Berman elaborated: Silk Road was a secret online marketplace for illegal drugs, hacking services, and a whole host of other criminal activity. Roger Thomas Clark allegedly served as a trusted confidante to Silk Road founder and operator Ross Ulbricht, advising him on all aspects...
Ted Rogers, president of the cryptocurrency giant, Xapo, believes that Bitcoin will become a global reserve asset, similar to the role the U.S. dollar plays today.
The recent bearish trends in the cryptocurrency market have not fazed Xapos president one bit, as he still holds bullish sentiment regarding Bitcoins value in todays world.
.@tedmrogers, president of @xapo, the leading Bitcoin cold storage company holding an estimated $10 billion in $BTC in underground vaults, says it's not a question of if, but when Bitcoin becomes global reserve asset. #CryptoCraze #CheddarLIVE pic.twitter.com/MiNdsBujlr
Cheddar (@cheddar) June 14, 2018
According to an interview done with a business publication, Cheddar, Ted believes that Bitcoins value will stabilize over the next few weeks due to a lack of price catalyst. Rogers said:
Over the next 7 to 14 days, I kind of expect it (Bitcoins price) to be not too far from where it is now.
News about cryptocurrencies has undoubtedly slowed, with pieces of breaking news being few and far in between.
However, when queried about Bitcoins long-term performance, Rogers said that he believes BTC will be worth hundreds of thousands of dollars within the upcoming years.
To give the value of this prediction a bit of context, a $200,000 Bitcoin would create a market cap of over 3 Trillio...
(ZHE) Three members of a Bronx biker gang were arraigned in a Manhattan courtroom on Tuesday, charged with kidnapping and robbing a cryptocurrency multi-millionaire at gunpoint, authorities said. Ringleader Cesar (Fuego) Guzman, 38, Allan (Joker) Nunez, 36, and Darrell (Bishop) Colon, 37, joined their accomplice Louis Meza, 35, in luring their victim into a fake Uber ride 
Bitcoin price is stable above the $6,400 level against the US Dollar. BTC/USD must gain momentum above $6,600 and $6,800 to move into a bullish zone.
This past week, bitcoin price started an upside correction after dropping to the $6,130 level against the US Dollar. The BTC/USD pair moved above the $6,200 and $6,400 resistance levels. There was also a break above the 23.6% Fib retracement level of the last downside move from the $7,785 high to $6,130 swing low. However, the price faced a lot of sellers around the $6,700 level.
There was a rejection from a declining channel with current resistance at $6,500 on the 4-hours chart of the BTC/USD pair. Moreover, the 38.2% Fib retracement level of the last downside move from the $7,785 high to $6,130 swing low acted as a hurdle. The price moved down below $6,600 but found support. It is currently moving higher once again and is attempting a break above the same channel and $6,500. Should the price succeed in moving past the channel resistance, it could move higher towards the $6,600 and $6,700 resistance levels. Above this last, the next hurdle sits around the $6,800 level.
Looking at the chart, the current price action suggests consolidation above the $6,400 level. A break above the $6,700 level may perhaps open the doors for an upside push towards $7,000.
Looking at the technical indicators:
Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex de Vries citing Digiconomists Bitcoin Energy Consumption Index (BECI) an index that critics have approximated to overestimate the power consumed through bitcoin mining by more than 115%. Refuting estimates based upon the BECI index, Coinshares has published a report claiming that the mining industry consumes approximately 35 terawatt hour (tw/h) worth of power each year a 50% reduction from estimates based upon BECI.
Three members of a Bronx biker gang were arraigned in a Manhattan courtroom on Tuesday, charged with kidnapping and robbing a cryptocurrency multi-millionaire at gunpoint, authorities said. Luring their victim into a fake Uber ride on November 4, 2017 where they held him captive for two hours with a hood over his head - demanding his keys and a memory stick linked to his Ether currency account, according to court papers. The gang was able to bilk the man out of $1.8 million of Ether, a popular cryptocurrency.
Ethereum price is slowly moving lower versus the US Dollar and Bitcoin. ETH/USD could decline further if sellers remain in control below $500.
This past week, ETH price attempted an upside recovery from the $448 low against the US Dollar. The price traded above the $500 resistance level. It also climbed above the 23.6% fib retracement level of the last drop from the $609 high to $448 low. However, the price faced a lot of resistances above the $510 level, which protected more gains above the stated level.
There was a rejection from the $530 resistance zone. Moreover, the 50% fib retracement level of the last drop from the $609 high to $448 low acted as a strong resistance. More importantly, there is a key bearish trend line in place with resistance near $505 on the 4-hours chart of ETH/USD. The pair struggled to move above the trend line and $530. It is currently moving lower and is trading below the $510 and $500 levels. It remains at a risk of more losses if buyers fail to move the price above the trend line resistance and the $520 resistance.
The above chart indicates that the price is finding it hard to move higher above $510. On the downside, an initial support is around the $485 level. Below the stated level, the price might decline further towards the $450 level in the near term.
4-hours MACD The MACD is slowly moving in the bullish zone....
Cryptocurrency markets are steadily coasting along after suffering from some volatile low swings last week. Over the past 24 hours, most cryptocurrencies are still in the red nurturing losses between 1-3 percent, and a few are in the green by a few percentages. At the time of publication, the price of bitcoin cash (BCH) is hovering around $850 per coin. Meanwhile, bitcoin core values are meandering just above the $6,500 region.
Since last weeks Bloody Sunday cryptocurrency market have seen some slight recovery but not by much. Markets were dropping pretty low up until the U.S. Securities and Exchange Commission (SEC) revealed cryptocurrencies that are decentralized are not securities. After the SECs head of the Division of Corporate Finance, William Hinman, made these statements digital asset markets saw a small rally and this push has kept markets from drawing lower, at least for a short period of time. The overall market valuation for all 1600+ cryptocurrencies is currently worth around $280Bn USD and 24-hour trade volume for the entire lot of digital currencies is $10.8Bn.
George Friedman, a respected geopolitical forecaster, believes that blockchain technology will become obsolete over time.
George Friedmans negative attitude shown towards blockchain technology has proven to be rather unpopular. Most critics of Bitcoin and other cryptocurrencies have yet to turn their skepticism to blockchain technology, as these critics believe that blockchain is still a revolutionary technology.
According to a CNBC account of a discussion with Friedman, he adamantly said:
Ive never known any encryption technology not to be broken.
A common fear in the cryptocurrency community is that quantum computing will break blockchain once and for all.
However, some scientists have said that quantum computing is not as powerful and accessible as the media makes it out to be.
There are probably less quantum computers in our world today than the fingers on your hand. Current quantum computers require temperatures near absolute zero (-273 Celcius) to run effectively, destroying any possibility of consumer quantum chips anytime soon.
Additionally, scientists have been slow in the development of quantum technologies, with a lack of milestones and goals to show for it.
Bitcoin has a simple, yet effective system of consensus, that has not been broken in over eight years. Scientists also believe that some, if not most blockchains, will be able to hold their ground against hypothetically strong quantum computers, disregarding any fears of any blockchain cracks.
Friedman has long held opinions and beliefs that contradict those held by the masses. He is a revolutionary and radical thinker if you will, with the statements given to CNBC being no exception.
Even if Friedmans statements hold some value, speculation regarding blockchain technology may be out of Friedmans expertise as it is likely that his knowledge of blockchain technology is lackluster.
The Dutch financial regulator, The Netherlands Authority for the Financial Markets (AFM) has published a letter addressed to new and currently existing institutions invested in cryptocurrencies. The letter seeks to inform that certain cryptocurrency investment activities may require licensing from the AFM, however, expresses serious doubts as to whether managers of investment institutions in cryptos can meet the requirements for licensing.
The letter seeks to address individuals seeking to apply as an administrator of an investment institution in cryptos, in addition to existing  administrator[s] of an investment institution active in cryptos, or [individua...
Robinhood is by no means an elder in the cryptocurrency industry, only opening up its cryptocurrency division in early January. Despite this, Robinhoods co-CEO, Baiju Bhatt, believes that the cryptocurrency market has a strong future ahead of itself.
During an interview with Yahoo Finance, Bhatt expressed his positive sentiments regarding the cryptocurrency market as a whole.
Bhatt pointed out that he believes that sovereign nations will adopt cryptocurrencies as a currency of choice. This statement is in line with what CFTC commissioner said earlier this week, also stating that he believes small nations may become dependent on virtual assets for survival.
With events like the recent Venezuelan hyperinflation becoming prevalent, smaller nations may begin to turn to cryptocurrencies as a decentralized and secure way to transfer value between individuals and entities.
When asked about his recent involvement in crypto, Bhatt stated:
We have been thinking about it for a couple of years We had been watching it (Bitcoin) over the years and we noticed one thing which we really looked at when considering when to offer it to our consumers, which is its resiliency. It has this tenacity to it where it just keeps on coming back.
In January, Robinhood announced the creation of a cryptocurrency service which was well received by the public, with hundreds of thousands of consumers getting their names down on the early access mailing list.
However, once the official release of Robinhood Crypto occurred, it was met with mixed reviews. At the time, Robinhood Crypto was only open to a few U.S. states with support for only a few cryptocurrencies.
In fact, Robinhood only allows for users to trade cryptocurrencies and does allow for the deposit or withdrawal of cryptocurrencies, essentially making it just a price speculation platform.
An interesting new project is expected to appear in the crypto industry in the near future: the Japanese DApps platform Module, which has every chance of becoming an alternative to such proven market players as Ethereum, EOS, and Stellar.
One of the main goals of the project is to simplify as much as possible the process of creating, launching and developing your own applications or services that store and transfer data on the blockchain using the Module platform for creating decentralized applications (DApps). To this end, the platforms Japanese creators offer their smart contract technology, the possibility of honest cryptocurrency mining, and a set of high-speed, low-cost solutions that allow users to store their data reliably and confidentially while managing their data quickly and independently.
The entire data file will be located at a special address in the cloud on the blockchain, access to which is fully controlled by the user. In addition, for improved fraud protection, project clients will have the ability to use a secret sharing system for data access (authors note secret sharing is a means of distributing secret data for access to goods and services among a group of participants, each of which receives a part of the access key).
One of the main ways that Module differs from its competitors, among which are such market dinosaurs as Ethereum, Stellar, and EOS, lies in its use of other peoples mobile gadgets smartphones, tablets, laptops to store information.
Nick Evdokimov, a blockchain expert, consultant, and founder of ICOBox, explains: Today we actually have a situation where people have a large amount of memory on their gadgets that go unused. Modules concept will literally make it possible to store data on your neighbors cell phone. This will then provide the most rapid possible access to this information and give the gadgets owner the opportunity to earn money renting out the idle memory. Its a very interesting solution, one that no other DApps platform has used up to now.
Decentralized applications (DApps) are being called the new future of the blockchain industry. They are protected against any form of censorship on the part of centralized servers, and they ensure full confidentiality of the information being transmitted and complete security of transactions, all thanks to P2P communications based on the blockchain. In addition, DApps give people the ability not only to use the services they contain but also to themselves become active participants in the network: for example, to act as shareholders, developers, miners,...
Healthcare in developing parts of the world has remained below standard over a long period of time. The reasons for this can be related to system weaknesses in terms of leadership, governance, workforce, technology, finance among others. Traditional implementations in attempt to achieve lasting solutions to these problems have left the people going round in
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Japans prosecutors have arrested 16 individuals suspected of involvement in illegal case of cryptojacking in Japan
Keiser Report: Bitcoin instead of US dollar? Video RT In this episode of the Keiser Report, Max and Stacy discuss the failure of the Vollgeld-Initiative in Switzerland but why the banks should have lost the right to print money....
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