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The post [Guest Post] 2019: Crypto War Chests Are Being Built appeared first on CoinReport.
Bitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the longest bear markets in crypto history.
Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $ 145M of Cryptocurrency
CCN had a moment to speak with Ben Fairbank, the general manager of Komodo (KMD), a community-oriented smart contract-centric fork of Zcash. Komodo offers a usable layer between the world’s largest proof-of-work system, Bitcoin, and decentralized applications. Komodo enables tokenized systems to rely on the security and immutability of the Bitcoin blockchain without having to build directly on top of it. They have pioneered the “crypto conditions” aspect of smart contracts. In layman’s terms, smart contracts can run on Bitcoin-based blockchains with the same degree of usability as Ethereum smart contracts. Delayed Proof-of-Work Komodo uses something called delayed proof-of-work (dPoW). Delayed
This is the second instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him on Day 1 here.
I woke up on Christian’s couch stiff-necked and cotton-mouthed. A bit more fitting for the “living on internet money” survival vibe, yeah?
A friend of a friend of Christian’s roommates (who are starting a business and moving to LA today) was out cold on an air mattress next to a stripped Christmas tree, snoring into the streams of soon-after-sunrise light filtering through the window. Another blow-up mattress adjacent to the couch was vacant. Its former occupant, Julian Martinez, a copywriter at Quantstamp and Christian’s friend, had left early in the morning, politely folding his sheets before he left.
The Lightning Network (LN) is a second-layer protocol that was long promised as a solution to BTC’s scalability problem. However, the off-chain system is still very far from being able to support actual commence according to a new review by business management technology company Scipio ERP.
Also Read: The Daily: CEX.io Enforces KYC, Okex Updates BCH Ticker
The report’s developers created a Lightning Add-on for Scipio ERP that provides businesses with the ability to use the system. They then tested the network in order to see if it was really ready for commerce. On the positive side, the tests confirmed that under best conditions payment confirmations were reached within 5-10 seconds. However, they also revealed many crucial flaws.
San Francisco-based Coinbase published a blog post earlier today that provides an update on the current digital assets that the exchange giant is considering for listing. Coinbase continues to push to bring the assets that matter to our customers https://t.co/2IHMGenGjM — Asiff Hirji (@AsiffHirji) December 7, 2018 The list has 31 altcoins currently being reviewed for a […]
SludgeFeed
Crypto loans startup Salt and its former CEO are said to be under investigation by the SEC, according to the The Wall Street Journal.
CoinDesk
Online platforms for cryptocurrency exchange are not as well prepared against threats in the ever-evolving cyberspace as they believe themselves. Since 2017, 14 blockchain platforms have been the victim of hacking attacks, leading to a total loss of over 800 million dollars. A new long-term attack was recently discovered and avoided by TAD GROUP, preventing the stealing of over half million dollars in cryptocurrency from a large cryptocurrency exchange platform.
If you are considering investing in any Initial Coin Offerings in Taiwan any time soon then you are lucky as it could be as easy as putting money in stocks.
Or at least so says Wellington Koo, the chairman of Taiwan’s Financial Supervisory Commission (FSC). Koo has said that regulations for government ICOs are currently being drafted with a view of smoothing over the process for investors and traders as well as making tokens just as liquid as stocks.
Imagine all the altcoins that wish they could get listed on the biggest exchanges like Coinbase and Huobi. But the biggest exchange is Binance and so for an altcoin to get on there must be a magnificent boost for the coin.
The latest listing to get on the aforementioned crypto exchange is Decred and while the rest of the market is still in a tough spot, Decred seems to have shot for the stars. According to CoinMarketCap, DCR has surged by nearly 25% in less than two hours after the announcement and it is currently trading at $ 48.06 at the time of writing. This is its highest price since earlier in August this year.
Blockvest is being sued the Securities and Exchange Commission for making false claims that the regulator’s approval for its planned ICO. The regulator is looking for an injunction against the defendant in return for all the financial gains of its ICO activities.
The complaint again Blockvest
According to Ethereum World News, the SEC gained an emergency court order form a US District Court to prevent Blockvest planned ICO to go ahead as well as the current pre-ICO sales.
Hundreds of startups are reportedly being “secretly” targeted by the U.S. Securities and Exchange Commission for their involvement with initial coin offerings. Companies that participated in ICOs are now scrambling to clarify whether their token constituted a security, and, if so, whether it was properly registered with or exempted by the SEC.
Also read: Europe, Japan and the ‘Drug’ of Quantitative Easing
Yahoo Finance and Decrypt claims that “Hundreds of startups that did token sales are finding out they’re in violation of securities law— including many that were sure they did it the right way.”
Chart for ETC/USD (1W)
Ethereum Classic (ETC) has seen a lot of favorable developments over the past few months but the price has failed to rise successfully. If anything, one might be led to believe that those developments actually did not affect the price at all and that interest in Ethereum Classic (ETC) has not changed a bit. There are two sides to this. For retail investors that trade sentiment or hype which is very common in this industry, it is early days yet to be thinking about Ethereum Classic (ETC).
Not much is happening across the cryptocurrency industry as of right now. Most currencies are seemingly stuck in a bit of sideways trading momentum, which can mean one of two things. In the case of the EOS price, it seems things are heading in the right direction, courtesy of a small gain over the past 24 hours.
It is interesting to see how the EOS price is evolving over these past few hours. Although there does not appear to be much momentum to push the value much higher, its trading volume is increasing rapidly. Thanks to $ 625m in volume, the EOS price has surpassed $ 5.2 once again. This is an interesting trend, albeit it remains to be seen how long this will last.
A growing number of start-ups and larger companies have begun to experiment with blockchain’s utility for solving public health crises — like the opioid epidemic in the United States.
Cryptocurrencies have had a testy relationship with some law enforcement figures in the United States, who see popular forms like Bitcoin as a scapegoat for an ongoing opioid crisis.
The infamous Silk Road marketplace, commonly associated with drug sales, accepted Bitcoin for transactions. This put the digital coin under the scrutiny of law enforcement after authorities shuttered the site and arrested the infamous Ross Ulbricht (Dread Pirate Roberts).
A decommissioned mine in the Norwegian Fjords is alleged to have been converted into a data centre, designed to mine Bitcoin in an efficient and sustainable manner.
It’s not the first time an old mine has been re-designed as a Bitcoin mine, there’s a very good reason for that too, old mines allow for the perfect environment for cryptocurrency mining.
According to Coinjournal:
“Frankfurt-based Northern Bitcoin is the company behind the Lefdal Mine in Norway that is challenging the status quo of Bitcoin mining and redefining it.
Based on a survey conducted by Statistca on 15,000 individuals, Turkey has the highest percentage of population that has invested in the crypto market. According to the data released by Statistica shown below, 18 percent of the country’s investors have purchased cryptocurrencies like Bitcoin and Ethereum in the past few years. Motive of Residents in
The post Mass Adoption of Crypto Far from Being Achieved, Best Chance in Turkey appeared first on CCN
Earlier this week, the Blockchain Transparency Institute (BTI) published a report claiming that the global crypto exchange market is faking $ 6 billion of its daily volume. The researchers at BTI evaluated the user activity and traffic of the market’s biggest crypto exchanges, comparing their projected trading volume to other metrics. Slippage, a method utilized by
The post $ 6 Billion Daily Crypto Volume is Being Faked, How Can it be Combated? appeared first on CCN
Bithumb, once the 7th largest crypto exchange by trading volume, suffered a hacking event in June that resulted in about $ 30 million worth of cryptocurrencies stolen from the platform. Despite the hack, Bithumb was able to rake in 39.34 billion won (~$ 35 million) in the first half of this year, according to South Korean news agency Yonhap, which […]
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Barely a week after receiving bomb threats, Kryptovault now has to contend with another threat — forced closure by local authorities. According to the Norwegian edition of The Local, one of the bitcoin mining facilities that Kryptovault runs in Norway is at risk of being shut down by the local municipality following noise pollution complaints
The post Norwegian Bitcoin Mining Firm Hit with Bomb Threat Risks Being Shut Down appeared first on CCN
