August 8, 2020

Title Token for Blockchain Estate Registry, Part 3

Discussing cross-blockchain protocol that enables the use of ledgers in an interoperable bundle.
August 8, 2020

New Kenyan Digital Tax to Affect Crypto Platforms

Kenya Revenue Authority (KRA) has announced new regulations that compel users of digital marketplaces to pay digital tax. At a rate of 1.5% on gross transaction value, the new tax is expected to take effect on Jan. 1, 2021. According to a report, the KRA will create a special tax unit to track and tax transactions using “data-driven detection.” Still, the report notes that “at this stage, the precise meaning of a digital market place and those who will be impacted by the digital tax is unclear.” Kenya’s Finance Act broadly defines digital marketplace “as a platform that enables the direct interaction between buyers and sellers of goods and services through electronic means.” The report asserts that cryptocurrency platforms “fall under the digital marketplace designation since they offer a platform for buyers and sellers of crypto through electronic means.” Like […]
August 8, 2020

Ransomware Attacks Demanding Crypto Are Unfortunately Here to Stay

Ransomware attacks are increasingly becoming the norm as the world struggles with the fallout of the coronavirus pandemic.
August 8, 2020

Bitcoin Makes a Pause After Reaching $12,000; Expert Believes The Market Remains Uncertain

Bitcoin (BTC), the largest cryptocurrency in the world was able to surpass $11,900 before falling close to $11,350. This makes a correction on the BTC network of 4.62% […]
August 8, 2020

Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

On August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain analytics company Chainalysis published an excerpt from the firm’s upcoming “2020 Geography of Cryptocurrency Report” which shows an interesting perspective of geographic crypto hot spots. As far as numbers are concerned, in 2020 East Asia is the most active region worldwide in regard to cryptocurrency volume moved onchain. The report notes that East Asia is followed by Western Europe and North America. During the last 12-months, North America accrued 14.8% of all the crypto asset activity. “North America also hosts a growing class of institutional […]
August 8, 2020

Major South Korean Bank Joins the Crypto Custody Business

We’re suddenly seeing banks lining up to support crypto custody, and KB Kookmin Bank is looking to get in on the action.
August 8, 2020

Bullish Bitcoin Price Trend Intact Even After BTC Retests $11.4K Support

After dropping 4.89% to confirm $11.4K as support, Bitcoin price is slowly making its way back toward $11.8K.
August 8, 2020

Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning

A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get the UK’s Financial Conduct Authority (FCA) to take down a Onecoin warning. The Bulgaria-based Ponzi scheme Onecoin was once described by The Times as “one of the biggest scams in history” managing to net $4 billion from operations. The pyramid scheme has become a hot topic over the years, and it’s invoked the BBC Sounds podcast the “Missing Cryptoqueen.” The show stars the British author and journalist, Jamie Bartlett, and its also produced by the well known documentary producer Georgia Catt. The latest BBC Sounds podcast episode 9, dives into the continued search for Onecoin’s […]
August 7, 2020

Adam Back: Some ICOs Funded Useful Research Despite Being Unethical

Adam Back admitted that some ICOs might have funded useful research, but still contends that they are deeply unethical.
August 7, 2020

Bittrex and Poloniex Move for Summary Judgment in Market Manipulation Case

Bittrex and Poloniex were added to the case as defendants in June 2020.
August 7, 2020

An Official North Dakota Cryptocurrency Could Be on the Horizon

Following the early 2019 initiation of North Dakota’s deep dive into blockchain use cases, a state representative who was a leader in the study, mentioned a future digital asset concept for the region.
August 7, 2020

Anthony Pompliano: BTC Price Could Reach Nearly Half-a-Billion

Anthony Pompliano of Morgan Creek Capital fame has always been a big bitcoin guy, and now he’s taking his predictions even further. He’s sticking to his guns when it comes to bitcoin reaching $100,000 by the end of 2021, though now he’s stating that the currency will potentially shoot up to a whopping $450K after that, and the bitcoin market cap will be comparable with that of gold and hit the trillions. Anthony Pompliano: BTC Is Going to Shoot Up, Up, Up Pompliano is confident in bitcoin’s ability to do well given that it is a considerably rarer asset when compared with gold and the U.S. dollar. As any diehard crypto fan knows by now, bitcoin is a finite asset. It is mined and extracted, and thus far, roughly 18 million of the available 21 million bitcoin units have emerged […]
August 7, 2020

Law Decoded: Tech as an Arena for International Conflict, July 31–August 7

As Trump clamps down on Chinese social media in the U.S., tech in general becomes subject to nationalism.
August 7, 2020

Market Wrap: Bitcoin Dips to $11.5K; Cardano Is Making a Big DeFi Move

After testing a $11,900 high bitcoin takes a dip while a DeFi competitor to Ethereum checks off a roadmap box.
August 7, 2020

OneCoin Co-Founder Escapes 90-Year Jail Term Following Court Settlement

Konstantin Ignatov is probably breathing a sigh of relief today.
August 7, 2020

Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report

The company has gained 70% so far in Q3.
August 7, 2020

11 Numbers That Tell the Story of the Economy Right Now

From the price of coffee to the national debt as a percentage of GDP, these 11 numbers provide a picture of a fast changing global economy.
August 7, 2020

Money Reimagined: Warnings From an Argentine Tragedy

Programmable money can protect against politicians debasing currencies to satisfy their own interests.
August 7, 2020

Rep. Tom Emmer: Bitcoin Isn’t Going Away

Congress and politicians appear to be getting in on the bitcoin and cryptocurrency game a lot more over the past several months. Recently, Republican representative Tom Emmer of Minnesota commented that bitcoin is about to get a lot stronger and much more relevant in the coming weeks. Tom Emmer: Bitcoin Is About to Get a Lot Tougher Bitcoin has had a very strange year in 2020. The currency initially started in the high $6,000 range but spent the first few days of the year rising into the low to mid-$7,000 positions. It would rise to $10,000 the following month, but eventually fall into the high $3,000 range – losing roughly 70 percent of its value by mid-March – following the spread of the coronavirus pandemic, which ultimately took a serious toll on the world’s financial markets. However, the currency began […]
August 7, 2020

Monero’s Hashrate Experienced Its Largest Single Day Gains Ever

Monero has experienced its biggest single day gain in hashrate since its creation back in 2014.
August 7, 2020

Price Analysis 8/7: BTC, ETH, XRP, BCH, BSV, LTC, ADA, LINK, BNB, CRO

Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside.
August 7, 2020

California’s Attorney General Warns People to Be Wary of Crypto Scams

California authorities recently came out with a fresh cautionary statement on crypto crime.
August 7, 2020

German Authorities Confiscate $30 Million in Bitcoin From Pirate Movie Site

German authorities, with the help of the U.S. Federal Bureau of Investigation (FBI), have confiscated about $30 million in bitcoin from an operator of a pirate movie website. An unspecified amount of bitcoin cash was also seized. Bitcoin and Bitcoin Cash Seized The German state of Saxony’s media service announced Monday the confiscation of “bitcoins with a total value of 25 million euros [$30 million].” The seizure was in connection with a case involving the website movie2k.to, a user-contributed video directory for movies and television programs that allowed users to download pirated content. The Dresden General Prosecutor’s Office, the Saxony State Criminal Police Office, and the Leipzig tax division have been investigating two main operators of this pirate movie portal and a real estate entrepreneur from Berlin connected with the case. All accused are German nationals. The site operators allegedly […]
August 7, 2020

Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate

After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate.
August 7, 2020

MyCryptoMixer – An Understanding Review of the Best Bitcoin Mixer of 2020

From VPNs, stealth addresses, Bitcoin Mixers to Tor Browser, privacy-oriented solutions for crypto transactions are advancing and becoming available faster than ever. Why you should use Bitcoin Mixer? The pseudonymous Bitcoin (BTC) is currently largely uncontested and dominates as a lot of people’s top choice for the cryptocurrency to buy. Unsurprisingly, it has come to be the de facto requirement for cryptocurrencies, ushering in a wave of spin-off cryptocurrencies built on a decentralized peer-to-peer network, called blockchain. As cryptocurrencies obtain a grip on the monetary market because of its fantastic financial investment volatility, there is a call from federal governments and banks to apply know-your-customer (KYC) as well as anti-money laundering (AML) conformities on cryptocurrency investments. While these bureaucratic actions are executed to shield individuals who are part of cryptocurrency systems, they might as well infringe the user’s privacy by removing […]
August 7, 2020

No One Knows Why Binance.US Is Down Right Now

Binance’s U.S. trading platform is currently experiencing unexpected platform malfunctions.
August 7, 2020

Bitcoin Price Briefly Crashes to $11.2K After US Jobs Data Disappoints

The price of Bitcoin briefly crashed to $11,219 on Bitstamp after disappointing job data hit markets.
August 7, 2020

Chainalysis: Institutional Players Are Having a Bigger Impact on BTC

According to blockchain firm Chainalysis, institutional traders are beginning to have a larger hand in how bitcoin moves and in the kinds of transactions that are occurring within the space. Chainalysis: We’re Seeing Bigger Institutional Trades It is often said that institutional players are essential when it comes to bringing legitimacy to bitcoin and cryptocurrency. For bitcoin to be mainstream, professional traders need to use it, store it and sell it. However, it’s widely whispered that institutional players often want nothing to do with cryptocurrencies given that they are extremely volatile. You have just as much chance at losing all your funds as you do in making lots of money overnight. Institutional players don’t necessarily want to dip their fingers into that pot, which is why so many analysts have suggested in the past that they aren’t quite taking cryptocurrencies […]
August 7, 2020

Gambling with Cryptocurrencies, How Safe Is It?

Over recent years, the use of cryptocurrencies in gambling has significantly increased. What started with a handful of crypto-only platforms has now snowballed into a sweeping revolution of the online gambling space where even traditional online casino platforms have started to support crypto payment options alongside fiat deposits and withdrawals. The reason for the increased adoption of cryptocurrencies in gambling is due to the advantages these digital currencies offer over fiat transactions. Cryptocurrencies are easy to use, have a wider geographical reach, and faces fewer regulatory roadblocks in comparison to fiat. However, there is a lot of apprehension among many about gambling with cryptocurrencies, mainly due to low adoption rates and lack of understanding of digital currencies and crypto casinos. The major concern among many is about the safety of funds and the reliability of such casinos. Should One Use […]
August 7, 2020

6 Questions for Paul Veradittakit of Pantera Capital

“I would love to invest into a consumer-facing application that could get blockchain-usage into the mainstream. Initially consumers wouldn’t know that blockchain is actually powering the application, thus removing the friction and education necessary.”
August 7, 2020

Blockchain Bites: Goldman’s Hire, Ether’s Options, Bitcoin’s Patronage

The Fed is rushing ahead with a payments platform, Goldman Sachs is building out a digital assets team and NBA stars have backed Dapper Labs.
August 7, 2020

Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance

Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining.
August 7, 2020

Privacy Group Slams California Bill That Would Put Health Records on the Blockchain

EFF said the bill is a serious threat to citizens’ privacy; the immutability of a blockchain means false diagnoses can’t be erased.
August 7, 2020

VeChain’s Latest Blockchain Application Makes Food Safer

The VeChain Foundation announced a blockchain-based food safety solution based on its Blockchain-as-a-Service platform, ToolChain.
August 7, 2020

Ethereum Classic Attacker Successfully Double-Spends $1.68M in Second Attack: Report

The attacker attempted to double-spend roughly $3.3 million during the second attack.
August 7, 2020

ParaFi Invests and Begins Staking in Bitfinex Spin-Out Exchange

ParaFi and D1 have invested a total of $450,000 into Bitfinex spin-out DeversiFi and will now play a governance role in the project’s DAO.
August 7, 2020

California Agency Backs Green-Energy Pilot Using RSK’s Bitcoin Smart Contracts

The California Energy Commission is funding an experimental market for carbon-credit trading on the RSK blockchain, which runs on top of Bitcoin.
August 7, 2020

Lumi Wallet Web Widget: Cryptocurrency Exchange on Your Website

Good news for those who want to upgrade their website with functional tools and features – on August 5st, Lumi Wallet Technologies launched its app web widget. Now everyone can easily embed a “mini digital wallet” into the body of their website. The Lumi Wallet Widget is a useful and interesting tool for a website. Basically, it is a real-time cryptocurrency exchange for the web page, it is simple, easy to use, and the web application is easy to install. The Lumi Wallet Widget takes up little space, brings enormous benefit, and deals with several issues at once: diversifying the interface, expanding the functionality of your website, letting users check the purchase price of digital assets in their currency right on your website, and then instantly getting quick access to their account to make an exchange. An adjustable color interface […]
August 7, 2020

Bitcoin Market ‘Much Different Now’ as New BTC Wallets Approach 2017 Highs

As the price of Bitcoin consolidates under a key resistance level, on-chain data show an optimistic trend.
August 7, 2020

Only Bitcoin Outpaces G4 Central Bank Balance Sheet Growth

Investment strategist Raoul Pal says bitcoin is the only asset with a growth rate that outpaced that of G4 central bank balance sheets. Pal says G4 central bank balance sheets have grown much faster than traditional safe-haven assets like gold. A founder and CEO at Global Macro Investor (GMI) Pal made the remarks in a Twitter post on August 6. In the thread, Pal dispels the notion that only gold offsets the dilutive effects of inflation. “Many of us own gold to offset the dilutive effects on fiat currency of the growth in major central bank’s balance sheets. However, the balance sheet (BS) of the G4 has outpaced the rise in gold.” Central banks around the world have responded to the Covid-19 by creating money to boost faltering economies. The associated dilutive effect of the increased money supply has driven […]
August 7, 2020

FINRA: An Unnecessary, Unqualified Digital Asset Regulator

The Financial Industry Regulatory Authority’s new request for digital assets activities adds more confusion to the regulatory environment.
August 7, 2020

Bitcoin Price Continues Rally, Positive Sentiment Is Off the Charts

Since late July, positive tweets about Bitcoin have increased substantially, signifying growing interest in its price.
August 7, 2020

Authorities Find Illegal Bitcoin Mining Farm in Kyrgyzstan Free Economic Zone

Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm.
August 7, 2020

Blockchain Energy Trading Pilot Using Bitcoin Sidechain Goes Live in LA

A U.S. startup is setting up a blockchain energy trading pilot in Los Angeles to promote electric van sharing.
August 7, 2020

Ethereum Price Analysis for August 7th – ETH Still Eager to Grow

By Dmitriy Gurkovskiy, author at RoboForex Blog By Friday, August 7th, the ETH seems to gave lost its absolute confidence in further growth but its overall mood remains positive. This promises a chance of growth after the pause. Today the ETH is generally trading at 396 USD. On H4, the uptrend of the ETH has passed the level of 38.2% Fibo related to the preceding long-term declining wave. Technically speaking, there is a correction forming on the chart after swift growth. After the correction and a breakaway of the high at 415.26 USD, the next goal is likely to be 50.0% Fibo (455.05 USD). However, for now, after a divergence on the MACD, an impulse of declining has corrected the previous growth to 38.2% Fibo. The next wave of growth is testing the area near the high but the market seems […]
August 7, 2020

Here’s What’s Actually Going on With the SEC and Republic’s STO

Republic is trying to swap one SEC exemption for another to move its security token from the private to public markets.
August 7, 2020

Fixing This Bitcoin-Killing Bug Will (Eventually) Require a Hard Fork

The bug sheds light on the challenges of Bitcoin’s decentralization. At least we’ve got 86 years for the community to join together and implement a fix.
August 7, 2020

Free Speech vs. Cancel Culture: Reasons for Optimism

From social media to controversial statues, the free speech debate is more alive than ever. New tech can help safeguard history while letting us live our values.
August 7, 2020

CoinDCX Becomes First India Exchange to Offer Users Crypto Staking

Mumbai-based cryptocurrency exchange CoinDCX launched its new product on Friday, allowing users to stake cryptocurrencies from Harmony, Qtum and Tron.
August 7, 2020

Winklevoss: US Dollar Is Now a ‘Funny Money’ Endorsement of Bitcoin

Coronavirus stimulus failures show just how irrelevant the dollar supply has become and this “a wakeup call” for those not looking at Bitcoin, Cameron Winklevoss argues.
August 7, 2020

First Mover: Kyber CEO Predicts 2020 Transactions at $3B as DeFi Token Soars

Kyber Network’s KNC token has brought traders eightfold returns this year, dwarfing those for bitcoin and ether. CoinDesk spoke with CEO Loi Luu about the project and the DeFi boom.
August 7, 2020

Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows

The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period. According to new data from Glassnode, the percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% since June 2015. At the same time, whale-sized bitcoin wallets holding between 100 to 100,000 BTC have dropped to 49.8% from 62.9% five years ago. The figures suggest mass adoption is on the rise and that the top cryptocurrency is becoming more decentralized. “Control of bitcoin’s supply has been steadily shifting towards smaller entities,” observed data analytics firm Glassnode. There is nearly 18.6 million bitcoin in circulation today, the bulk of which is in the hands of whales. Only 21 million coins could ever be […]
August 7, 2020

Financial Services Provider to Coinbase Teams With Circle to Offer EU Institutions Stablecoin Payments

BCB Group will integrate with Circle’s platform in a bid to make the USDC stablecoin more widely available.
August 7, 2020

North Korea Reportedly Using Altcoins to Convert $1.5B in Stolen Funds to Cash

North Korean hackers are reportedly using untraceable altcoins to convert stolen cryptocurrencies into cash.
August 7, 2020

Ubitquity links with Rainier Title for blockchain-powered real estate and title recordkeeping

Ubitquity, an enterprise-ready blockchain-secured platform for real estate and title recordkeeping, has announced that it is partnering with Rainier Title, a Title and Escrow company serving Washington State, to build out a platform for creating tokenized property title as well as parallel records of conveyances. “Rainier Title has proven itself to be one of the most aggressive and innovative title companies in Washington state. Blockchain technology is going to disrupt, not replace, the title industry, and it makes sense for a company as innovative as Rainier to approach this with full force,” said Nathan Wosnack, Ubitquity Founder & CEO. Rainier Title is in the process of migrating to Qualia, a Silicon Valley-backed closing room and conveyance suite, and Ubitquity will be working to produce software that seamlessly integrates into Qualia. Rainier Title will be providing tokens that represent the client’s […]
August 7, 2020

Binance Says New York Banks Can Now Use Its Stablecoin After Watchdog Approval

NYDFS has added Binance USD to its approved list, cutting away most of the red tape around custody and listing of the stablecoin.
August 7, 2020

Analysis: Most DeFi Tokens Are Concentrated In Hands of Top 500 Holders

A new analysis suggests the token supplies for most DeFi projects are not widely distributed, with up to 99% held by the top 500 addresses.
August 7, 2020

‘Crypto Mom’ SEC Commissioner Hester Pierce Voted in Until 2025

Pierce’s successful confirmation was announced on Aug. 6 in a statement from SEC Chairman Jay Clayton and fellow Commissioners.
August 7, 2020

Japan’s New FSA Chief Stands Firm on Crypto Regulation, Calls for Push on Digital Yen

The incoming commissioner of the Financial Services Agency has said the regulator will not soften rules on cryptos.
August 7, 2020

Bitcoin Dominance Slides to 12-Month Low as Crypto Market Cap Tests Resistance

Bitcoin’s dominance has fallen to a 12-month low despite its recent rally, signaling renewed strength in the altcoins markets.
August 7, 2020

BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M Daily

Bitcoin averaged over a million daily active addresses in the past week for the first time since January 2018. The growing usage metrics add to evidence of a rising bull market. According to data compiled by Coin Metrics, ethereum might be on course to surpass its all-time high if the bull market continues. The data shows “ethereum averaged 626,000 daily active addresses in the period. This figure is just 111,000 short of the all-time high set on January 16, 2018.” Still, the report is highlighting the growth in network transaction fees during the same period. Explaining this growth, the report says “transaction fees also continue to rise which signals increasing demand for block space.” When bulls dominate the market both the Bitcoin and Ethereum networks get congested with unconfirmed transactions. Bitcoin miners respond to network clogging by prioritizing transactions with […]
August 7, 2020

Goldman Sachs Could Be Working on a Stable Cryptocurrency

Goldman Sachs, one of the largest investment banks in the world, could be working on a fiat-pegged stablecoin or stable cryptocurrency. This is according to Matthew McDermott, the […]
August 7, 2020

Why is the ETC Price Steady Despite Risk of Further 51% Attacks?

Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday.
August 7, 2020

Altcoins Account for One Third of Total Crypto Mining Power Usage

An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption.
August 7, 2020

Chinese Schools Can’t Keep Up With Demand for Blockchain

The Chinese academic sector is “seriously lagging” in terms of keeping up with demand for blockchain specialists.
August 7, 2020

Investors Dollar-Cost Averaging Bitcoin Since 2017 Made a 61.8% Return

Data shows investors who dollar-cost averaged into Bitcoin even since the $20,000 peak are profitable.
August 7, 2020

Podcast Host Lists Himself on Balancer: ‘EVAN’ Increases 500% in 2 Hours

Personal tokens are growing in popularity with the host of ‘Week in Ethereum’ listing EVAN tokens on Balancer”.
August 7, 2020

Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status

The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset investment vehicle to obtain the status of a reporting company by the SEC. Established in 2013 by Digital Currency Group, Grayscale Investments has been around for quite some time now. The firm manages a number of investment vehicles that allow investors to gain exposure to crypto assets like bitcoin, bitcoin cash, ether, horizen, XRP, zcash, ethereum classic, litecoin, and stellar. In September 2013, Grayscale introduced the Bitcoin Investment Trust which originally was only available to accredited investors. Then the trust got the Financial Industry Regulatory […]
August 7, 2020

Europe’s New ‘Seed-to-Shelf’ Cannabidiol Blockchain Tracking Tool

The Cannabinoid Association of the Netherlands has unveiled a blockchain-based CBD tracker for customers to trace a product’s journey from seed-to-sale.
August 7, 2020

Rival Bitcoin Cash Camps Look Set to Compromise

Bitcoin Cash’s ABC and BCHN camps look set to compromise on the protocol’s coming upgrades in November.