Blockchain adoption will be led by permissioned platforms focused on specific use cases or user bases, according to a new EU report.
CoinDesk
IHS Markit report: finance industry blockchain sector to hit $462 billion by 2030
London, UK-based business information provider IHS Markit announced in a press release it sent to CoinReport the finding of its report, “Blockchain in Finance,” saying the value of blockchain in the global financial sector is estimated to reach $ 462 billion by 2030, thanks to the projected increase …
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Feb Volume Report: Leading Markets Post Strongest Month Since Q1 2018
For many leading markets, February produced the largest monthly volume since the first quarter of last year, with 30-day BTC trade activity surpassing $ 200 billion, and ETH exceeding $ 100 billion.
Also Read: Report: Quadriga’s 6 Cold Wallets Have Been Without Funds Since April 2018
BTC Volume Surpasses $ 200 Billion for February
February saw the highest volume for BTC trade in one year, with BTC pairings generating nearly $ 206.37 billion in trade during the last 30 days.
Report Claims That “Sextortionists” Absconded With Over $300,000 in Crypto in 2018
Most cyberattacks in the crypto space involve hackers finding a way around the security of crypto exchange platforms and gaining access to users’ funds. Last year saw the entry of a new breed of cyber extortionists that seems to be gaining ground, so much so that they were able to steal over $ 300,000 in bitcoin (BTC) tokens in 2018.
According to a report by research and risk assessment firm Digital Shadows, this scam was committed through a wide array of “sextortion” blackmail strategies, which included the weaponization of emails.
Report: Facebook’s Coin Could Hit Exchanges in the First Half of 2019
Facebook (FB) made waves in December when Bloomberg revealed that it is developing a stablecoin designed specifically for money transfers on its WhatsApp encrypted mobile-messaging app. Now, a report by the New York Times reveals that Facebook’s development is far enough along that it is already holding conversations with exchanges about “selling [the coin] to consumers.” […]
SludgeFeed
Report: ‘The State of Stablecoins’ Maps the Growth of Fiat-Pegged Cryptocurrency
A new report published this week shines a light on the stablecoin ecosystem. Authored by George Samman and Andrew Masanto in conjunction with Amazix, the report traces the rise of digital currencies against a backdrop of high inflation in 16 countries. The report claims these conditions will create a need for fiat-pegged digital currencies that aren’t beholden to the volatility of local currency in inflation-hit nations.
Also read: Company Evades SEC Penalty Despite Illegally Issuing Security Tokens
Report: Crypto Exchanges Saw Trading Volumes Plummet in January
The crypto winter that started toward the end of last year doesn’t appear to be showing signs of slowing down. Digital assets like bitcoin lost more than 80 percent of their value while the overall crypto market cap shrunk from over $ 600 billion in January 2018 to less than $ 138 billion in December 2018.
Now, blockchain and cryptocurrency research firm Diar has released a report that reveals a sizeable drop in crypto trade volumes in January 2019 for popular crypto exchanges Binance, Gemini, OKEx and Coinbase.
Report: Esports Revenue Could Eclipse $1 Billion in 2019
The esports industry could reach new highs in 2019, as a recent report by esports analytics firm Newzoo suggests that revenue is expected to hit $ 1.1 billion as brand investments continue to expand. In the report, Newzoo predicts that media rights, advertising, and sponsorship revenue will reach nearly $ 900 million, representing 82% of all industry revenues. […]
SludgeFeed
First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet
According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $ 470,000 CAD (approximately $ 355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019.
Ernst & Young’s first report as monitor of scrutinized Canadian bitcoin exchange QuadrigaCX (QCX) complicates the story the exchange has given for its lack of access to company funds following the death of its founder and CEO, Gerald Cotten.
Report Claims 85% of the Monero Network Dominated by ASIC Miners
Over the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times in order to gain ASIC resistance. Monero developers have once again failed in that respect as a recent analysis shows more than 85 percent of the Monero network is currently dominated by ASICs.
Also Read: Core Developer’s 300kb Block Proposal Bolstered in Bid to Push Lightning Adoption
Op Ed: Should You File a Foreign Bank Account Report for Bitcoin Holdings?
I had the opportunity to participate on a legal panel with David Silver at the Unconfiscatable: Bitcoin Not Blockchain Conference put on by Tone Vays in Las Vegas. It was quite an honor to be part of it; the conference was hands down the best Bitcoin event I’ve attended since Jason King hosted Coins in the Kingdom back in October 2014.
At the end of the panel, we opened up for a Q&A and one of the questions was something I had never considered before. The gentleman asked if, after moving his bitcoin off Coinbase and onto his cold storage, he would be required to file a Foreign Bank Account Report (“FBAR”) because the bitcoin is located on all the nodes across the world.
Gold-Backed Cryptocurrency Launched by Iranian Banks: Report
Four Iranian banks have reportedly teamed up with a blockchain startup to launch a gold-backed cryptocurrency called “PayMon.”
CoinDesk
Report: Indian Government Concerned Cryptocurrencies Could Undermine the Rupee
The Indian government panel tasked with drafting crypto regulation is reportedly worried that cryptocurrencies could destabilize the rupee if they are accepted as payments. Its concern came to light despite evidence that cryptocurrencies do not currently pose a threat to financial stability.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Impact on the Rupee
The Indian government committee tasked with developing the regulatory framework for cryptocurrencies is reportedly “obsessed” with the impact they may have on the rupee if they are allowed to be used in payments, Quartz India reported. The committee is headed by Subhash Chandra Garg, Secretary of the Department of Economic Affairs.
Outlier Ventures’ State of Blockchains Q4-2018 report: user adoption increasing
Outlier Ventures, one of the leading blockchain and Web 3.0 venture capital firms, has published the Q4-2018 report in its State of Blockchains series, reporting that despite declines in token prices, there were strong signs of product adoption in the final quarter of 2018. The quarterly report seri…
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Chainalysis Report: Two Groups Responsible for Most Publicly Reported Hacks
Two “prominent professional hacking groups” are responsible for the majority of publicly reported hacks of cryptocurrency exchanges and other cryptocurrency organizations, concludes a report published by blockchain data analytics firm Chainalysis this week. According to the report, simply called the Crypto Crime Report, the groups generated around $ 1 billion of hacking revenues for themselves so far.
“Hacking dwarfs all other forms of crypto crime, and it is dominated by two prominent, professional hacking groups,” the report states. “Together, these two groups are responsible for stealing around $ 1 billion to date, at least 60% of all publicly reported hacks.”
Dow Smashes Through 25,000 after Blowout Jobs Report Pours Cold Water on Government Shutdown Fears
The U.S. stock market extended its rally Friday after better than expected jobs data suggested that the impact of a partial government shutdown on the economy was largely overblown. Dow Surges Past Major Milestone All of Wall Street’s major indexes traded higher on Friday, reflecting a mostly upbeat pre-market for U.S. stock futures. The Dow Jones Industrial Average rose 166 points, or 0.7%, to 25,166.17. Shares of Exxon Mobil Corp (XOM) and Visa Inc. (V) led the Dow blue chips higher. The broad S&P 500 Index advanced 0.3% to 2,712.55, with seven of 11 primary sectors contributing to the gains.
Report: Indian Government Finalizing Crypto Regulatory Framework
The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet.
Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
Report in ‘Finalization Stage’
The Indian government has been working on crypto regulation for quite some time. The Inter-Ministerial Committee (IMC) headed by Subhash Chandra Garg, Secretary of the Department of Economic Affairs, is tasked with developing the country’s crypto regulatory framework.
Report: Polkadot (DOT) Plans to Raise an Additional $60 Million via ICO
Polkadot (DOT), a crypto startup developing a blockchain interoperability protocol to bridge major networks, is reportedly planning to raise up to $ 60 million through an initial coin offering (ICO) — around 15 months after its first token sale. According to a recent report by the Wall Street Journal, which cites insiders familiar with the matter, Polkadot […]
SludgeFeed
Research Report Claims XRP’s Market Cap Is Overstated by $6.1 Billion
Messari, a crypto market research firm, recently published a report claiming that the current market cap of Ripple’s XRP (XRP) is overstated by some $ 6.1 billion due to confusion over XRP’s liquid circulating supply. 🚨Exclusive report: We believe Ripple’s $ XRP market cap is likely overstated by $ 6.1 billion based on inflated circulating supply numbers. Read our […]
SludgeFeed
Blockchain Project Polkadot Plans ICO to Raise Another $60 Million: Report
Blockchain project Polkadot is planning another ICO that would bring in $ 60 million, says the WSJ.
CoinDesk
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