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Min Byung-Doo, a member of the country’s governing Democratic party and the chairman of Korea’s National Policy Committee, has strongly encouraged the government to legalize initial coin offering (ICO) and impose better crypto-related regulatory frameworks to legitimize the local market. “Regulation is not bad. Regulation is necessary, it is the only way to legitimize the
The post Regulation for Legitimacy: South Korea Nears ICO Legalization appeared first on CCN
Over the past few hours, Bitcoin has recorded a slight 1 percent increase in price, nearing the $ 6,800 resistance level. The rest of the crypto market recorded large gains across the board as Electroneum and Stellar led the market with 70 percent and 20 percent gains respectively. As CCN reported on September 22, billionaire investor
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The current XRP price momentum is a lot more bullish than anyone could have predicted. After a strong day of gains yesterday, the upward momentum seemingly continues without missing a beat. In fact, a 42% increase in 24 hours is very uncommon, as it is pushing the XRP market cap closer to Ethereum’s as of right now.
Japanese financial services group SBI Holdings will launch its consumer payments application MoneyTap, on both Android and iOS, using Ripple’s blockchain technology. SBI Ripple Asia, a joint venture established by SBI Holdings and San Francisco-based FinTech giant Ripple in early 2016, will soon launch ‘MoneyTap’, CEO Takashi Okita revealed on his own Twitter handle. MoneyTap
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Tezos on Tuesday appreciated 12 percent against the US Dollar, recovering from the long bearish correction from September 10. XTZ/USD opened today while trading at 1.270-fiat on Gate.io exchange. The pair continued its corrective phase in the early Asian trading hours and formed lower lows towards 1.256. As the session matured, bulls and bears were
The post Tezos Price Nears 12% Spike on a Bearish Day for Crypto Markets appeared first on CCN
Recent Bitcoin block data shows that Bitcoin’s mining pools BTC.com, AntPool and ConnectBTC, respectively mined about 25.7 percent, 16.1 percent and 0.2 percent of all new blocks over the past week. This makes for a combined hash rate of 42 percent; an all-time high for the Chinese mining giant’s mining pools.
Several media sources have since covered this news, reporting that this near-dominance is a major risk to the Bitcoin network.
How true are these claims?
The Lightning Network (LN) mainnet has almost doubled its node count and capacity in days as Bitcoin users rapidly switch on to its benefits.
Data from monitoring site #recksplorer shows 107 active nodes, 237 channels and a total Bitcoin load worth just over $ 19,000 – marking considerable growth since Bitcoinist last reported the statistics late last week.
Despite reservations from some well-known Bitcoin industry figures such as Bitcoin.org creator Cobra, Lightning is rapidly gaining prominence and support among users keen to avoid fees and confirmation delays when sending coins.
