By CCN Markets: House Financial Services Committee Chairperson Maxine Waters (D-Calif.) requested that Facebook hold off on developing its crypto, which is named Libra. Facebook Request Cuts Both Ways There are two ways to examine Rep. Waters’ request. First, it’s a good thing for cryptocurrency whether Facebook honors her request or not. Second, Rep. Waters is assisting the public by stalling investment in another dangerous cryptocurrency. Maxine Waters said: “With the announcement that it plans to create a cryptocurrency, Facebook is continuing its unchecked expansion and extending its reach into the lives of its users. The cryptocurrency market currently lacks
Major darknet markets come and go in eras, so it seems, and the current one may be ending.
Two of the biggest digital black markets seem to be disappearing, both at the same time. While it is notoriously hard to find reliable information about the status of these highly illegal endeavors, messages on darknet-specific forums like Dread and reports by darknet-focused news sites like Deep Dot Web indicate that digital black markets Dream Market and Wall Street Market have both become unusable. The former has halted trading altogether, while the latter appears to be confiscating user funds.
Digital Currency Group-backed Circle is reportedly planning to raise $ 250 million to further expand its crypto offerings despite last year’s bearish price action. According to a recent report by The Information, which cites an individual familiar with the matter, the fundraising round will combine equity and debt financing. Circle has raised $ 246 million to date […]
Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain
The post Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did appeared first on CCN
Bitcoin SV (Satoshi Vision) unveiled its new logo on the 10th birthday of bitcoin. Perhaps not surprisingly, BSV’s “new” logo looks suspiciously similar to that of bitcoin — the original cryptocurrency. The pro-BSV bComm Association proudly trumpeted the announcement in a statement: “The BSV logo is revealed on the 10th anniversary of the Bitcoin genesis block,
The post Bitcoin SV’s New Logo Looks Suspiciously Like the Original BTC’s appeared first on CCN
The use cases for distributed ledger technology are on the rise, as evidenced by IBM’s most recent patent application for open scientific research on the blockchain. The tech giant envisions a system in which a blockchain represents an experiment with individual blocks comprised of project components including research data, data analysis and results as well as
The post IBM Looks to Disrupt Scientific Research on the Blockchain appeared first on CCN
Grayscale Investment has published its third-quarter report for this year. The report highlights that institutional investors have made up the majority of its fund inflows in over the past three months. This suggests that smart money might be buying into cryptocurrencies in anticipation of an upcoming rally.
Grayscale Investment provides investments trusts that hold digital currencies and therefore enables institutions and accredited investors to invest in digital assets through a regulated investment vehicle. Grayscale is currently offering a single asset exposure to Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, XRP, Zcash and ZEN which runs a digital asset large-cap fund that invests in a portfolio of composed of Bitcoin, XRP, Litecoin, Ethereum, Bitcoin Cash.
As a company looking to give users full control over their digital rights, Blockstack is piloting a new app mining program that encourages designers to create new applications directly on Blockstack’s platform and earn rewards in bitcoin. The goal is to expand the decentralized app ecosystem while financing developers who build the most popular applications.
Patrick Stanley is the head of product growth at Blockstack. Speaking with Bitcoin Magazine, he says that app mining is a system where developers are rewarded by Blockstack and other participating companies for creating platforms that community members actually want. The stronger and more popular an app is, the more money the developer will earn.
Earlier this week, reports revealed that Coinbase is shutting down its market-cap-weighted index fund targeted at accredited investors after raising less than the firm expected. In the wake of these reports, Barry Silbert, the founder of Grayscale Investments, a crypto-focused investment fund, seized the opportunity to make it known that Grayscale’s Digital Large Cap Fund is still accepting new […]
Having earned the reputation of “Blockchain Island”, Malta is taking steps to preserve the industry by investing heavily in supervisory technology in order to protect the blockchain industry. Such investments according to authorities are aimed at ensuring that the inherent risks associated with virtual currencies are kept at a minimal level in Malta. There Is
The post Malta Financial Regulator Looks to Bolster Cryptocurrency Industry appeared first on CCN
Gemini, a New York-based cryptocurrency exchange owned by the Winklevoss Twins is eyeing a move to the UK.
Winklevoss Twins Look to Set Up Shop in The UK
According to the Financial Times, inside sources revealed that Gemini is serious about a foray into the UK market. Furthermore, reports indicate that the platform has gone ahead to hire consultants charged with working out modalities for such an expansion project.
Commenting on the proposed plans, the platform said:
Having found acceptance above the key hurdle of $ 6,400, bitcoin’s corrective rally looks to be gathering pace.
Among the luxury goods market, there are a number of issues that arise when it comes to buyers and sellers. From receiving accurate appraisals to spotting counterfeit products, blockchain tech has the potential to transform the luxury goods world.
On Friday, Forbes noted the difficulty associated with pinning down the exact price of luxury goods like designer handbags, vintage wine and spirits, and luxury automobiles. Crypto and blockchain contributor Andrew Rossow notes this difficulty:
Absent paying a visit to an appraiser or utilizing an authentication system of sorts, there’s no way to be completely confident in the valuation. That’s where the implementation of blockchain technology comes into effect, which can make a huge dent in this industry.
Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $ 22.7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator.
SFOX caters specifically to professional traders, high net-worth individuals and institutions. As a prime dealer for cryptocurrency markets, the company provides access to global sources of trading and liquidity, real-time trading APIs, OTC desks and U2F hardware for private key management. The company’s transaction volume exceeds $ 9 billion, and its client base has grown 12-fold since January.
The enterprise DLT startup now sees a vast range of opportunities, both within the industry where its founder spent most of her career and outside it.
Cryptocurrency markets are always interesting creatures. Their movements often make little to no sense, even though there are some general patterns which become apparent more often than not. It appears there may be some positive momentum later today, even though the EOS price is still struggling a bit as of right now.
EOS Price Faces an Uphill Battle
It is evident all cryptocurrencies heavily rely on Bitcoin’s momentum to note any real gains. In the case of EOS, the current momentum is not looking all that promising. Although this is also affecting all other cryptocurrencies on the market, the EOS price is often a strong indicator of how all other cryptocurrencies will evolve in the coming hours.
Nasdaq Inc’s SMARTS trade surveillance technology is now employed by five cryptocurrency exchanges, according to reports. Last week it held a closed-door meeting to help improve the profile of cryptocurrencies in global markets.
According to Bloomberg reporting, Nasdaq Inc recently organized a meeting between its experts and cryptocurrency exchanges. Confirmed in attendance were representatives from Gemini, the exchange launched by Tyler and Cameron Winklevoss in 2016. In April 2018, Gemini contracted Nasdaq Inc in order to utilize its SMARTS trade monitoring technology.
All cryptocurrencies are still suffering from a lot of bearish momentum right now. Although things have begun to pick up a bit, there is no real positive momentum to speak of as of yet. The Ethereum price is struggling to remain above $ 700, despite noting a 1.2% increase in the past 24 hours. This coming weekend will be pretty interesting to keep an eye on in this regard.
Bitcoin is reporting losses today but only a break below $ 8,650 would signal a bull-to-bear trend change.
April 24, 2018 — Sydney, Australia — WhatEOS, an organization regrouping a community of EOS enthusiasts formed by companies supporting EOS blockchain technology including CollinStar Capital, successfully held its first roadshow in Sydney, Australia, on April, 20, 2018. At the event, held at Sydney’s Portside Centre, WhatEOS was introduced by marketing representative Acqeel Ziyad and security manager Roger Zhou to a full room of entrepreneurs, Blockchain and cryptocurrency specialists. The next stop will bring together EOS fans in Melbourne in May.