September 7, 2018

Token Incentives: The Key to Quicker and Better Referrals

Few factors, if any, are more crucial to e-commerce success than referrals. Referrals turn the foolproof advertising concept of word-of-mouth into a well-rounded marketing strategy that many businesses use to acquire users. This wasn’t possible in the age before social media. Referrals work because they’re simple. Referral structures are easy to install on a website, and easy for customers to use. Apps and tools help companies run and troubleshoot their referral programs with minimal effort. Referrals can be deployed across almost every facet of an online business: email, push notifications, inhouse apps, and the homepage. But referral programs aren’t working for social influencers, especially the larger ones. Influencers large and small do get some kickback through these programs, but it’s not enough. The reason? Their rewards programs don’t reflect how referrals boost long-term site traffic. Fortune claims that the average Amazon Prime member […]
September 7, 2018

Bitcoin’s Hopeful Numbers: 70% Familiar in the United States

This week Yougov Omnibus released a host of encouraging new survey data, new numbers, and among their findings “48% of millennials would be interested in using cryptocurrency primarily…A vast majority (79%) of Americans are familiar with at least one kind of cryptocurrency.” Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug Some Encouraging Bitcoin & Crypto Numbers Amid sagging crypto market prices, it’s heartening for enthusiasts to receive survey data like that recently released by Yougov Omnibus. Their findings concluded, “By far, the most well-known cryptocurrency among Americans is Bitcoin, with 71% of people saying they’ve heard of it. The next best-known is Ether/Ethereum, with 13% saying they have heard of it. Overall, men are more likely than women to have heard of almost every kind of cryptocurrency. About three in ten (27%) women say they have […]
September 7, 2018

ARK Price Update: Core DevNet Goes Live + New Partnerships

ARK Price Update: Core DevNet Goes Live + New Partnerships ARK continues investing in its platform and building up a strong community. The coin is doing its best to battle… Continue reading “ARK Price Update: Core DevNet Goes Live + New Partnerships” The post ARK Price Update: Core DevNet Goes Live + New Partnerships appeared first on UseTheBitcoin.
September 7, 2018

Major Mining Pool F2Pool Publishes List of Minimum Prices for Profitable Crypto Mining

Co-founder of mining pool F2Pool has published a list of cryptos and types of miners, showing when coins become unprofitable to mine
September 7, 2018

Blockchain Being Used to Save Lives Amidst Opioid Epidemic

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). In May, authorities arrested Aaron Shamo and accused him of selling fentanyl. Police said he accepted Bitcoin as payment and allegedly found more than 500 virtual coins in his home. Cryptocurrency As A Scapegoat At roughly the same time, a growing number of […]
September 7, 2018

Why e-Retailer Overstock.com Is Betting Big on Bitcoin and Blockchain

Utah-based Overstock.com is showing just how bullish they are when it comes to Bitcoin and blockchain technology. Going forward, they will be making disruptive technology more of a focus. Four years ago, Bitcoin was celebrating reaching the $1,000 milestone. Adoption, interest, and even awareness was nowhere near what it is now, but some companies could already see the impact that cryptocurrencies would have on the future. One such company, Overstock.com, made their intentions clear in 2014 when they began accepting virtual currencies as payment on their e-commerce site. Change of Focus for Overstock While the company does, of course, still have an interest in online retailing, KSL recently reported that the Utah-based platform will shift their focus to blockchain technology and cryptocurrencies. In fact, the platform’s CEO, Patrick Byrne, had previously disclosed that Overstock.com would be “developing more nontraditional means of […]
September 7, 2018

SEC Welcomes New Commissioner

The Senate has confirmed Elad Roisman to the Securities and Exchange Commission, filling the fifth seat on the commission, which has been vacant since July.
September 7, 2018

Scattered Gains Bring Respite after Midweek Crash, But Many Alts Continue to See Losses

After the midweek bloodbath, markets have slightly stabilized today, although many coins continue to shed value, with Bitcoin trading around $6,400
September 7, 2018

Squirrels Research Labs and BittWare launching new FPGA crypto mining hardware

Squirrels Research Labs (SQRL), a provider of high-performance cryptocurrency mining hardware has announced a partnership with BittWare, a company offering high-performance computer boards, to develop a new and powerful piece of field-programmable gate array… Squirrels Research Labs and BittWare launching new FPGA crypto mining hardware
September 7, 2018

Blockchain Evidence Legally Binding, Says China’s Supreme Court

Evidence stored and verified on blockchain platforms can be used in legal disputes.
September 7, 2018

Litecoin Price: Oversold Market may Return to $60 Fairly Quickly

It appears there is some excitement brewing among Litecoin enthusiasts. Even though the Litecoin price is not necessarily moving all that much, it would appear the ecosystem is in a slightly better place than most of its competitors. A new roundup of news seems to have a positive impact in this regard. Litecoin Price Inches Ahead It is evident most of the selling pressure has been removed from the cryptocurrency markets. That is a welcome sight, as the past few days have been rather unpleasant first and foremost. For the Litecoin price, the recent dip has negated its attempt at surpassing $70 altogether, although that price trend may still be reached later this year. Litecoin community members are seemingly looking forward to what the future may hold. Some interesting observations are worth paying attention to in this regard. Technical analysis […]
September 7, 2018

Bets Against Ether’s Price Hit All-Time High

The number of short orders placed on ETH/USD have reached a new high and is a clear reflection of bearish sentiment surrounding the cryptocurrency.
September 7, 2018

Ripple’s General Counsel Exits Startup, Spokesperson Says

Ripple general counsel Brynly Llyr, who joined the firm in 2016 as its top legal officer, has left the firm, a spokesperson told CoinDesk.
September 7, 2018

Bitcoin Price Watch: Currency Falls in the U.S. While Up in Iran

Bitcoin has suffered insurmountable losses over the past two days. Roughly 15 percent has wiped away from bitcoin’s value, and at press time, the price stands at about $6,404 – virtually unchanged from yesterday. It wouldn’t be so bad if at the beginning of the week the currency wasn’t trading for approximately $7,300. Some analysts claim that bitcoin is simply waiting around – treading water while anticipating the next big move from either the bulls or the bears respectively. Jon Pearlstone – head publisher of the newsletter Crypto Patterns – explains: “BTC continues to trade in a range between key support and resistance of $6,000 and $7,250. However, we don’t see that lasting much longer. The bulls’ last stand is strong support at $6,000 that’s hodling for now, and we’ve seen some bullish signs from the altcoin market, but BTC […]
September 7, 2018

Opera Wallet Now Allows Users To Directly Send Crypto Collectibles

The web browser’s built-in cryptocurrency wallet has a new feature.
September 7, 2018

The Altcoin Correction Index Gives an Alternative View of Crypto Assets

Analysts are always seeking new ways to assess cryptocurrencies. Different metrics provide insights that can be used to gauge various trends, such as estimating when a particular asset has bottomed out and is due to rise. The Altcoin Correction Index provides an unvarnished snapshot of this year’s worst performing cryptos. Also read: Blockchain, Reloaded: How the New “Matrix” Appeared Altcoins Haven’t Performed This Badly Since 2014 Whatever metric you choose to apply, altcoins aren’t looking so pretty this year. Just one crypto asset in the top 100 is in the green (BNB) while everything else is down an average of 70-90%. It doesn’t require sophisticated analytical tools to appreciate the extent of the altcoin bloodbath that has occurred. Nevertheless, historical trends can provide an indicator, some believe, as to when the worst may be over and a recovery can be expected. […]
September 7, 2018

Tokenizing the Financial World with Juan Hernandez of OpenFinance Network

Tokenizing the Financial World with Juan Hernandez of OpenFinance Network was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
September 7, 2018

Top Blockchain Events In September 2018

While many successful gatherings have already taken place this year, the fall of 2018 promises to be just as exciting. With this in mind, here is a list of the best conferences to catch in September. WBF: Investments & ICOs, 3–5 September 2018 WBF London is renown as the launchpad for revolutionary innovators like Ethereum and RSK. What new legends may emerge this time? Location: London, Great Britain Content: The future of ICOs, the emergence of STOs Speakers: Halsey Minor (Founder and CEO at Live Planet and VideoCoin), David Chaum (Inventor of Digital Cash), Jack Gavigan (COO at ZCash), Vanessa Grellet (Executive and Director at ConsenSys), Anthony Di Iorio (CEO at Jaxx, Co-founder of Ethereum) Tickets: General admission — 1,000 GBP Visit website Crypto Investment + ICO Summit, 5–7 September 2018 Interactive, cutting-edge agenda including keynotes, panels, and interactive discussions — no other event has a more interactive […]
September 7, 2018

IBM Partners with Stellar to Revolutionize Cross-Border Payments

Stellar can now add another feather in its cap in the form of its collaboration with IBM. The former will be assisting the technology company with an exciting and transformative new project – the IBM Blockchain World Wire. Stellar is quietly making strides in the industry. Earlier this year saw it announce that it would be launching its own Lightning Network in a bid to assist to assist in easy and affordable cross-border payments. To help with this, the platform also received their Sharia compliance certificate, which is essential for companies hoping to be a part of the Islamic finance ecosystem. Stellar Taking Off Now, according to SludgeFeed, Stellar has partnered with tech giant, IBM, for the latter’s Blockchain World Wire initiative, which will be compatible with established payment systems to facilitate a range of transactions. A statement from IBM says: With […]
September 7, 2018

Who really should be doing ICOs?

A closer look at which industries receive VC funding VS ICO funding The number one use case for blockchain technology has arguably been the concept of the Initial Coin Offering (ICO). Before the ICO stormed the scene nearly all startups looking to scale would have to raise funds through established funding models such as through VC’s. Then along came a Blockchain called Ethereum and a thing called ERC20 tokens. Basically anyone with coding expertise could come along and create these tokens on the Ethereum network. Along with the timing and the hype surrounding cryptocurrency it became so easy to raise millions of dollars with very little effort. Formula on How To Raise Millions of $$$ ICO = 1. Fancy looking landing page Website + 2. A White Paper consisting of a few pages with high level promises of disrupting something. No Business model, MVP or […]
September 7, 2018

Quione Looks to Boost Crypto Liquidity With New Trading Platform

Crypto exchange startup Quione has launched a trading platform called Liquid that it says will bring much needed liquidity to the crypto markets.
September 7, 2018

Winklevoss Twins Secure Patent For Cold Storage System

The brothers are eyeing vaults for offline storage of crypto assets.
September 7, 2018

SharesPost Survey Confirms Long-term Cryptocurrency Bull Trend Remains Intact

The overall cryptocurrency sentiment is borderline depressive as of right now. Another major market dip has caused speculators to question their positions. Not everything is doom and gloom, according to a survey by SharesPost. The long-term expectations for Bitcoin and altcoins are still somewhat optimistic, despite current market conditions. SharesPost Survey offers a Glimpse of Hope There isn’t much to be positive about as a cryptocurrency holder right now. All markets face another big setback after a few days of solid upward momentum. This dip is not entirely unexpected, albeit the severity of it took a lot of traders by surprise. It is important to look toward the future when developments like these materialize. The new survey by SharesPost shows there is still optimism among traders. Not outspoken jubilation, but rather a cautious hope for better things to come. Nearly […]
September 7, 2018

The Next ‘Venezuela’? Bitcoin Up Over $8,400 in Iran Amid Hyperinflation

Bitcoin price has risen dramatically in Iran following the government’s decision to grant legal recognition to the country’s cryptocurrency mining industry. Bitcoin Premium Comes to Iran While Bitcoin 00 suffered an almost $1,000 drop in the rest of the world, the top-ranked cryptocurrency was reaching new heights in Iran. Buoyed by the government’s legalization of cryptocurrency mining activities, the local price of BTC shot up to more than $26,000 on the localbitcoins platform for Iran. This figure amounts to more than four times than the average spot price around the world. However, there are counter reports that the $20,000+ BTC price in Iran is grossly exaggerated, with the actual value on the street being closer to $8,400. The confusion lies primarily in the difference between the official and black market exchange rial/dollar exchange rate. Iran’s inflation rate as of 8/11/18 […]
September 7, 2018

ABCC: Cryptocurrency Exchange Overview

ABCC, an upstart cryptocurrency exchange out of Asia has already made its impact felt on the market since launching in the first half of 2018. The company has achieved positive feedback due to its experienced team and unique technology. The exchange offers dozens of high-quality blockchain assets, and runs their own native exchange token program which rewards holders and active users. ABCC: Cryptocurrency Exchange Overview
September 7, 2018

Daily Berminal Brief (9/7/18): Fake News and the Bitcoin Blues Drag the Cryptocurrency Market…

Daily Berminal Brief (9/7/18): Fake News and the Bitcoin Blues Drag the Cryptocurrency Market Capitalization Below $205 Billion The State of the Market: What a week it has been! Bitcoin crashed and lead the rest of the cryptocurrency market to literally erase an entire month’s worth of gains in mere minutes. Meanwhile, it turns out that part of the news that helped kickstart the crisis is fake. According to Goldman Sachs CFO, Martin Chavez, there are no plans to shelve the Bitcoin trading desk and the news is literally, “Fake News”. In other refutations which prior to be invalidated may have helped crush Bitcoin price, Changpeng Zhao of Binance explicitly stated that there are no plans for Binance to hold an IPO. Perhaps in the week ahead financial and crypto-media outlets could spent a little more time and due diligence checking […]
September 7, 2018

USD Is the Most Actively Traded Fiat Against Cryptocurrencies, Study Says

USD is the most traded fiat against in crypto markets, says recent research from consulting firm GreySpark
September 7, 2018

ABLE Project Exit Scammed, and These Crypto Firms are to Blame

It’s not secret that a dauntingly large percentage of ICOs are fraudulent from the start. However, in most cases, it’s quite simple for speculators to separate the scams, and funds are primarily accumulated from inexperienced or otherwise naive investors that the coin offering targets. Unfortunately, every now and then, these scams pass, unsuspected, until the perpetrators successfully make off with the funds, often worth tens of millions of dollars. ABLE Project (ABLX), represents one such instance. Its team members consist of stock pictures and fake LinkedIn profiles, and listed advisors are industry leaders throughout Southeast Asia unaware that they were listed as participants of the project. Unfortunately, ABLX raised more than 10,000 ETH throughout several public pre-sale and global sales between April and August. At time of purchases, this amounts to approximately US$6.5 million worth of Ether. Able was officially […]
September 7, 2018

Proof-of-Stake is a Rebranded Version of the Old Financial System

Over the last few years, there’s been a lot of projects, both public and private, that are attempting to create a next-generation blockchain or something better than Satoshi’s Bitcoin. A great majority of these projects have condemned proof-of-work (PoW) cryptocurrencies because they think they waste resources, and many of these new blockchains have chosen to use a proof-of-stake (PoS) system. However, PoS has many flaws and introduces a distribution process that advocates an ugly planned economy that’s propagated by ancient thinking and basically the old banking system. Also read: Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading The Cost to Attack Proof-of-Stake is Minimal Because There’s no Incentive and ‘Nothing at Stake’ On October 31, 2008, Satoshi Nakamoto released a paper that described a capitalistic system that essentially solves the notorious Byzantine fault tolerance problem. Bitcoin’s PoW creates a […]
September 7, 2018

Crypto exchange company Huobi holds ceremony for Indonesia launch

Huobi Group, one of the largest blockchain asset service providers, today held a ceremony for the official launch of a new Huobi cryptocurrency exchange for Indonesia. The Huobi Indonesia Digital Currency Exchange will run on… Crypto exchange company Huobi holds ceremony for Indonesia launch
September 7, 2018

Cryptocurrency “piggy” wallet Pigzbe hits $7.2 million in funding for ICO

Pigzbe, a digital “piggy-wallet” which runs on its native cryptocurrency called Wollo (WLO), has hit $7.2m in total funding through its token crowd-sale. The company says, this leaves just $1.2 million of WLO remaining available,… Cryptocurrency “piggy” wallet Pigzbe hits $7.2 million in funding for ICO
September 7, 2018

EOS Block Producers Move to Cut Costs for Users

Creating a new account on EOS is now easier after 15 block producers approved a protocol change making it cheaper and providing free RAM.
September 7, 2018

Ethereum 2.0 Roadmap Unveiled as ETH Price Hits Yearly Low

Ethereum continues its highly mixed fortunes this week as talk of development milestones contrasts with Ether (ETH) hitting its lowest price in a year. Troubled Times For ETH Data from Coinmarketcap confirms that ETH/USD 00 currently trading at around $225 marks the pair’s lowest level since mid-September 2017. Downward pressure on the largest altcoin had increased in recent days after Bitcoin suddenly fell by almost $1000 on controversial claims Goldman Sachs had shelved its cryptocurrency product plans. While investor confidence in Bitcoin remains broadly unfazed, altcoin holders have long since begun to worry, with ETH attracting particularly vocal no confidence votes in recent months. As Bitcoinist reported in July, for example, a dedicated “Bearish Thesis” on the asset from Tetras Capital painted a grave outlook, claiming its already deflated price was still “significantly overvalued.” Speaking to CNBC this week meanwhile, […]
September 7, 2018

Blockchain Galaxy Game Enables Players to Build Spaceships, Buy Virtual Planets For Crypto

A blockchain game developer has announced a new game which was created together with HeroCraft. Players build their own battleships using modules stored on blockchain #SPONSORED
September 7, 2018

Crypto exchanger ChangeNow.io now integrated within Exodus Wallet

ChangeNOW, a leading instant crypto exchanger service today announced a new partnership with Exodus, the desktop cryptocurrency wallet application, to secure, manage, and exchange blockchain assets. In effect as of today, Exodus customers have… Crypto exchanger ChangeNow.io now integrated within Exodus Wallet
September 7, 2018

Bentley, Bugatti & Rolls-Royce Retailer Announces It’s Now Accepting Bitcoin

Major Rolls-Royce, Bentley and Bugatti retailer to offer payment in Bitcoin and Bitcoin Cash via BitPay
September 7, 2018

Opera Wallet Users Can Now Send CryptoKitties and Other Collectibles

Opera now allows users to send crypto collectibles, such as CryptoKitties, directly from its beta-stage in-browser crypto wallet.
September 7, 2018

Waltonchain Listed on Bithumb; Should See Volume Increase

Waltonchain Listed on Bithumb; Should See Volume Increase Waltonchain (WTC) is now listed on Bithumb, one of the most volume-heavy virtual currency exchanges. The team behind WTC made the announcement last week… Continue reading “Waltonchain Listed on Bithumb; Should See Volume Increase” The post Waltonchain Listed on Bithumb; Should See Volume Increase appeared first on UseTheBitcoin.
September 7, 2018

Coinbase Pro Announces Support for British Pound-Crypto Trading Pairs

Coinbase has been progressively making inroads into the U.K market as it seeks to become a market leader in the lucrative market. The San Francisco-based crypto exchange announced on Wednesday, September 5 that it would begin to support four more British pounds (GBP) trading pairs for its U.K users. The four trading pairs will be added to the already existing BTC-GBP offering that Coinbase Pro already offers and will make it much easier for U.K users to trade in cryptos. Coinbase launches the new pairs on Friday, September 6 in three stages that are meant to ensure seamless integration. Conquering the U.K The GBP support will be enabled by the Faster Payments Scheme, a payment service that facilitates the secure and fast settlement of mobile and internet payments. Faster Payments Scheme was introduced in the U.K a decade ago and […]
September 7, 2018

South Korea Urges 14 Countries to Create International Discipline System for Crypto

At an annual international conference for regulators in Seoul, the South Korean Financial Supervisory Service urged regulators from 14 other countries to create an international discipline system for cryptocurrency and initial coin offerings. The Korean government also outlined its current crypto countermeasures and pushed for better information sharing and international cooperation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space International Discipline System Yoon Suk-heun. The 20th Integrated Financial Supervisors Conference (IFSC) took place on September 6-7 in Seoul. The governor of the country’s Financial Supervisory Service (FSS), Yoon Suk-heun, urged representatives from all countries attending the event to jointly respond to cryptocurrency risks. The event was attended by officials from 14 countries, including the UK, Japan, Germany, Canada, Australia, and Singapore. The regulators met to share and discuss global regulatory issues, including those related to cryptocurrencies. According to the […]
September 7, 2018

Stock Brokerage EF Hutton Rates Cryptocurrencies to Help Clients Track ‘Rapid Developments’

U.S. stock brokerage firm EF Hutton to begin crypto research and ratings with seven assets and two businesses
September 7, 2018

South Korean Postal Service Seeks Goldman Sachs’ Crypto Know-How

South Korea’s national postal service is meeting with Goldman Sachs’ cryptocurrency research team at the end of September. The country’s postal service revealed its intentions to dive deeper into digital assets and blockchain. “Cryptocurrencies Are Considered to Have Potential” Korea Post (KP), the national postal service of South Korea, will be meeting with the cryptocurrency research team of Goldman Sachs at the end of the month in Hong Kong, Bloomberg reports. KP has already met with the chief executive of the investment bank at a recent meeting held in New York. While Goldman Sachs hasn’t commented on the arrangements, Kang Seong-Ju, the president of Korea Post, confirmed his interest in the cryptocurrency know-how of the bank: I asked Goldman to pass on their know-how in the cryptocurrency area. […] Since cryptocurrencies are considered to have potential, and are something many […]
September 7, 2018

Are Big Crypto Token Sales Really Over? At Republic Event, Many Think So

At an event in New York on Thursday, crypto enthusiasts broadly agreed that the ICO, as it was during the hype cycle of 2017, is no more.
September 7, 2018

Trump Appoints New Pro-Crypto SEC Commissioner, Shifts Voting Balance for Bitcoin ETF Approval

A Bitcoin exchange-traded fund sanction by the US Securities and Exchange Commission is widely perceived as one of the catalysts for a potential rally of cryptocurrency prices. Despite the recent rejections, the Commission might see its voting balance re-distributed as Trump appoints a pro-crypto character as his latest Commissioner. Pro-Cryptocurrency Appointment Republican Elad Roisman is the fourth appointment of President Donald J. Trump to the Securities and Exchange Commission (SEC). This is serious news for the field of cryptocurrencies as Roisman has already signaled his intentions to focus further legislative attention on the fair treatment of digital coins. Speaking at a hearing before the Senate Banking Committee in July, the newly appointed commissioner said: …the SEC must examine and re-examine its rules, regulations and guidelines to ensure that they are still working as intended to accomplish the SEC’s mission. This […]
September 7, 2018

Pornhub User Receives $10,000 For Watching 1 Million Porn Videos

Pornhub has become the first company to pay users for watching adult content. In a recent turn of events, the firm paid SH1m for watching a million porn videos on their platform over the years. The milestone was reached months ago, but the statistics only came to light this week. Pornhub Continues to Grow and Evolve It is evident the internet has made it a lot easier for consumers to access specific types of content. Whether it is regular news, video content, or even porn, it can all be accessed online without too much friction. Especially the adult content industry benefits a lot from these developments. Its overall user base has grown exponentially, and content consumption across devices continues to rise every single year. Pornhub has been one of the more successful companies in this regard. Its network of different […]
September 7, 2018

Australian Regulator Hints at Increased Crypto Exchange and ICO Scrutiny

Australian securities regulators outline four-year plan to increase focus on crypto exchanges, ICOs
September 7, 2018

The Daily: EU Urged for Common Crypto Rules, EEU Ready for Common Crypto

A Brussels-based think tank has urged the European Union to adopt common crypto regulations. Its report will be reviewed during this week’s meeting of the EU finance ministers in Vienna. Also in The Daily, the Eurasian Economic Union may adopt a single settlement currency, possibly a crypto, Samsung Pay offers a tokenized money transfer service in Russia, and Transfergo launches remittance payments to India using DLT technology. Also read: Luxury Car Dealership Accepts Bitcoin, Basketballers to Earn Crypto Think Tank Calls for Universal EU Crypto Regulations The European Union, a politico-economic behemoth that often finds it hard to agree on common policies on anything, from immigration to taxation, has been called upon to adopt universal regulations for crypto exchanges and clear rules for crowdfunding through initial coin offerings (ICOs). In a report, the Brussels-based think tank Bruegel argues such an […]
September 7, 2018

Payments Startup Wyre Acquires Bitcoin Smart Contract Developer

E-payment startup Wyre has acquired bitcoin smart contract developer Hedgy to broaden the scope of its offerings.
September 7, 2018

Goldman Sachs Exploring Bitcoin Derivatives, Denies Recent Reports as Fake News

A high-ranked Goldman Sachs executive revealed that the bank is currently exploring a Bitcoin derivative product and said recent reports of the company putting its Bitcoin trading desk on hold is “fake news.” It’s ‘Fake News’ Earlier this week, various media outlets reported that investment bank Goldman Sachs has put their plans to open a Bitcoin (BTC) trading desk on hold. Supposedly, the decision was made because of ongoing regulatory uncertainty. The news appeared to send the price of the world’s largest cryptocurrencies and other digital coins into a steady decline, as the asset lost over 15 percent of its value shortly after. However, the Chief Financial Officer of Goldman Sachs, Martin Chavez, labeled the reports as “fake news.” Speaking on stage at the TechCrunch Disrupt Conference in San Francisco, Chavez said: I never thought I would hear myself use […]
September 7, 2018

Binance CEO: We Have ‘No Plans for IPO’

Cryptocurrency exchange Binance CEO Zhao Changpeng dismissed rumors he planned to perform an initial public offering (IPO) September 7, following fintech startup Robinhood. Finance Skills ‘Very Much Needed’ After a report by Sludgefeed which suggested Binance’s recent hiring of Wall Street executive Wei Zhou as its CFO this week meant it was seeking to IPO, Changpeng denied this was the company’s goal. “(Binance) have no plans for IPO, but that doesn’t make those experiences less valuable in our new industry. On the contrary, those are very much needed,” he wrote on Twitter. Zhou represents a considerable skill set when it comes to financial management, Sludgefeed noting he led two major corporations through the IPO maze on Nasdaq and the New York Stock Exchange. #Binance have no plans for IPO, but that doesn’t make those experiences less valuable in our new […]
September 7, 2018

Top 5 Ways to Spot an ICO Scam in 2018

2018 has proven to be rather successful for the initial coin offering industry. This is despite some of the key risks and pitfalls associated with ICOs still remaining place. With so many new investors joining the risk, the five following best practices are need to be taken into account at all times. Culling the weed from the chaff in the ICO industry is direly needed. #5 Unprofessional Language Any self-respecting project or company looking to raise funds through an ICO needs to ensure the wording on their website is professional. Any website which has blatant spelling mistakes or an obvious case of “Engrish” can hint at a potential scam first and foremost. While spelling mistakes can happen to anyone, an initial coin offering trying to raise millions should never look unprofessional. #4 Fake Business Address Companies who seek to embrace […]
September 7, 2018

China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence

China’s Supreme Court has ruled that evidence authenticated with blockchain is legally binding, as part of newly clarified litigation procedures
September 7, 2018

$6K Ahead? Bitcoin Price Plunges After Brief Recovery

Bitcoin’s short-lived corrective rally reinforces the bearish outlook put forward by the technical charts and indicates scope for a drop to $6,000.
September 7, 2018

Why Bitcoin Dropped by Over 10 Percent, Deleting $40 Billion From Crypto Market, Experts Explain

Bitcoin lost as much as 13 percent as the crypto market lost $40 billion. Experts weigh in, discussing various factors and the state of the market
September 7, 2018

Lenovo Partners With Blockchain Platform to Develop Its IoT and AR/VR Hybrid Software

A blockchain development service joins Lenovo in building a software applicable for both the Internet of Things (IoT) and AI/AR #SPONSORED
September 7, 2018

Ukrainians Advised to Pay 19.5% Tax on Crypto Incomes

In the absence of dedicated regulation, Ukrainians are expected to pay the regular 19.5% income tax rate on their profits from crypto-related activities like trading and mining, a high-ranking official from the Finance Ministry in Kiev explained. Crypto investors are free to report their digital funds as either property or financial assets. Also read: Uzbekistan Legalizes Crypto Exchanges and Trading Cryptos? Tax Them Like Tanks The question, what do crypto investors owe the state, is a hot topic in many communities around the world. Authorities in most countries rush to tap into their incomes and profits, often before they’ve regulated the space and legalized digital assets, and sometimes even when they refuse or fail to recognize cryptocurrencies in any of their roles. Ukraine is no exception. Sergey Verlanov However, according to Ukraine’s deputy-finance minister Sergey Verlanov, the issue with cryptocurrencies […]
September 7, 2018

Stellar Price Analysis: XLM/USD Consolidation Breakout

Stellar was unable to hold on to its earlier gains and was rejected at the top of its triangle resistance. Price slumped back to support and broke even lower, reading the 0.1930 area. XLM bounced off this region and is currently pulling back to the 50% Fibonacci retracement level on the breakout move. A larger correction could last until the broken triangle support around the 0.2200 mark and moving averages’ dynamic inflection points. On the subject of moving averages, the 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse. However, the gap between the two indicators has narrowed significantly to indicate a possible bullish crossover. If that happens, buying pressure could return and put the price […]
September 7, 2018

Australian Watchdog to Apply Market Rules to Crypto Exchanges

Australia’s securities regulator has said it plans to apply financial market rules to crypto exchanges and closely scrutinize ICOs.
September 7, 2018

China’s Supreme Court Recognizes Blockchain Evidence as Legally Binding

Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to a ruling from the country’s Supreme Court.
September 7, 2018

Bitcoin Price Analysis: Picking Up the Pieces

Let’s be honest, unless you’re short, yesterday was catastrophic. Bitcoin was just shy of breaking $7,500 and taking the rally up another leg then unexpectedly plunged 13% and now we’re below $7k, again… Bitcoin Price Market Overview Prior to the dump, Bitcoin price BTC/USD 00 was experiencing continued rejections as it approached $7,400 but who would have known the pullback would be this severe? Ideally, after a 27%+ run, consistent rejections signal that bulls are running out of steam and a pullback to say $7,300 – $7,100 would be sensible as lower highs and rejections function as a profit taking signal for some. On deeper reflection, there were some external signals that something was amuck. A wallet address rumored to be connected to the Silk Road mysteriously awoke after a nearly 4-and-a-half year long nap to quietly distribute 11,114 BTC […]
September 7, 2018

Bitcoin Price Watch: BTC/USD Buyers Could Struggle Near $6,620

Bitcoin Price Watch: BTC/USD Buyers Could Struggle Near $6,620 Key Points Bitcoin price slowly recovered after trading as low as $6,249 against the US Dollar. There is a bearish flag forming with current resistance at $6,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to face heavy… The post Bitcoin Price Watch: BTC/USD Buyers Could Struggle Near $6,620 appeared first on Altcoin Today.
September 7, 2018

PR: NewChain Testnet Officially Launched and Fully Meets Commercial Requirements

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Newton Project has officially launched its blockchain product NewChain TestNet, along with Newton’s wallet NewPay and browser NewExplorer. This marks that Newton now has a product which embodies its visions for the future, namely a gradual and steadfast process to commercialization. With regards to transaction processing speed, technical solutions and product functions, Newton’s NewChain TestNet and other products have achieved a very high level of technological sophistication in order to meet commercial requirements. According to Newton’s official announcement, NewChain TestNet has been able to reach 10,000 TPS; in real WANs, it can reach 5,000 TPS. […]
September 7, 2018

NEO Price: $20 is Within Reach as Imusify and CGAS Create Excitement

There is never a boring day in the world of cryptocurrencies. Despite overwhelming bearish momentum over the past few days, the momentum is turning rather positive again. For the NEO price, gains in both USD and BTC departments are a welcome sight. Combined with ongoing community developments, the coming months can become rather interesting for this altcoin. NEO Price Makes Another Move Recovering from a setback in the cryptocurrency industry is always challenging. With Bitcoin showing bullish momentum prior to the weekend,  most altcoins are following suit. There is still a sense of uneasiness among enthusiasts, as caution remains advised at this stage. For NEO price watchers, the momentum is turning bullish. A value of $20 is well within reach at this stage. As is usually the case, the NEO community is abuzz with excitement. Some interesting things are happening […]
September 7, 2018

Abra Exchange Adds Cardano, Basic Attention Token, And Tron

Abra Exchange Adds Cardano, Basic Attention Token, And Tron Popular all-in-one cryptocurrency wallet and trading platform; Abra, has announced that it is adding three top altcoins, available immediately. Abra announced on September… Continue reading “Abra Exchange Adds Cardano, Basic Attention Token, And Tron” The post Abra Exchange Adds Cardano, Basic Attention Token, And Tron appeared first on UseTheBitcoin.
September 7, 2018

Blockchain, Reloaded: How the New “Matrix” Appeared

The following opinion piece on blockchain technology was written by Alexander Borodich, CEO Universa.io, futurologist, and Forbes contributor Just like any other phenomenon that happened to be in the public eye or the subject of hype, the blockchain has been fleshed out with legends and interpretations and they are often far separated from reality. Many still think that blockchain and Bitcoin are synonyms and that they are just another pyramid investment scheme not worth paying attention to. Also read: Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading A conservative approach is a natural defense mechanism against everything that’s new, even if it helps to save energy, time and resources. But what if that approach is wrong? There are those who believe in the blockchain and think of it as progressive a technology as smartphones once were. What if they’re […]
September 7, 2018

Coinbase Explores Crypto ETF with BlackRock

Coinbase, the San Francisco-based cryptocurrency exchange, is exploring the creation of a crypto exchange-traded fund (ETF). It has sought help from $6 trillion asset manager BlackRock, according to Business Insider. Coinbase is known for its versatile business model that appeals to retail investors. Its services include asset management, venture capital, trading of 5 major coins, custody, and brokerage. According to sources, Coinbase is now looking to launch an exchange-traded product tied to crypto prices, as a way to allow institutional investors to gain access to the volatile crypto markets via the stock exchange. In recent weeks, Coinbase has engaged in conversations with individuals from BlackRock’s blockchain group in order to leverage the firm’s expertise at launching exchange-traded products. An early pioneer of the ETF market, BlackRock is renowned for its popular, low-cost iShares family of ETFs. BlackRock’s Interest in Crypto […]
September 7, 2018

Bitcoin Price Analysis: BTC/USD Bearish Pullback Happening?

Bitcoin recently fell through its rising trend line which had been holding since mid-August, indicating that a downtrend is underway. Price is finding support at the $6,300 area, though, and might be ready for a pullback from here. Applying the Fib retracement tool shows that the 61.8% level is closest to the broken trend line support, which might hold as resistance moving forward. The 38.2% Fib lines up with the 200 SMA dynamic inflection point while the 50% Fib is closer to the 100 SMA. On the subject of moving averages, the 100 SMA is above the longer-term 200 SMA to indicate that the path of least resistance is to the upside. In other words, the uptrend is more likely to resume than to reverse. However, Bitcoin has tumbled below both these dynamic inflection points to reflect the presence of […]
September 7, 2018

Wirex Turns Ethereum Into a Convenient Spendable Currency

Ethereum has quickly become a top cryptocurrency over the years. Its strong focus on technical developments makes it a haven for developers. On the payments front, things are finally coming together as well. Debit card service provider Wirex has enabled ETH support earlier this week. Conveniently Buying and Spending Ethereum Obtaining cryptocurrency remains a big hurdle for most consumers. Additionally, there are not many reasons to own Bitcoin or Ethereum other than speculative purposes. Spending this form of money is very difficult without global merchant adoption. Solutions such as the Wirex Payment Card offer an intermediary solution in this regard. Additionally, the firm provides an easy gateway to buy, sell, and store the supported currencies. By enabling Ethereum support, Wirex continues to expand. The company offers users a wallet service for this cryptocurrency. It makes it easier to purchase and […]
September 7, 2018

How The Fall Of The ICO Is Impacting ETH Price

How The Fall Of The ICO Is Impacting ETH Price They were the darling of the 2017 cryptocurrency euphoria. Initial Coin Offerings (ICOs) were in the vouge and there was… Continue reading “How The Fall Of The ICO Is Impacting ETH Price” The post How The Fall Of The ICO Is Impacting ETH Price appeared first on UseTheBitcoin.
September 7, 2018

How To Make Sure Crypto Trading Does Not Take Over Your Life

Could you live without cryptocurrency in your life? For its proponents, bitcoin is a drug that’s had them hooked since the day they discovered it. Not all holders feel the same way though. Stung by massive losses and the realisation that cryptocurrency is taking over their life, some traders forced themselves to walk away for good. Also read: Major Korean Insurer to Offer Crypto Exchanges Insurance for Hacking Damages Moving On When the Music Stops “After spending 5 years in crypto I am out,” began the message board confession. “Yesterday’s crash was brutal, and something I can’t wrap my mind around changed when I woke up this morning. I don’t want to wage-cuck but I will. And instead of spending my entire days behind a screen in a room I am gonna get a job, hang out with the friends that […]