Nasdaq Inc. is still planning to launch its Bitcoin futures early next year, Bloomberg reported early this morning. Two individuals familiar with the Bitcoin project told Benjamin Bain, a reporter at Bloomberg, that despite the downturned market the index still plans on offering these contracts.
Nearly ten days ago, Bitcoin Cash underwent its second scheduled protocol upgrade of the year. Most in the crypto community know that a ‘hard fork’ in the chain is the only way to upgrade proof-of-work consensus protocols. Just before this upgrade occurred, competing proposals emerged and split the BCH community in three. From the scheduled hard fork, three fractions of the Bitcoin Cash blockchain emerged, and the Bitcoin Cash hash war began.
The US federal authorities are strict against ICOs, or initial coin offerings. Projects are being shut down before they can even get started and this is now happening at State level.
As Bitcoin continues to slide past the $4,500 mark, bullish investors need something to hold onto. Bakkt is trying to give it to them.
Bitcoin has hit its lowest level again this year. Is it the beginning of the end for Bitcoin? I bet that question has been asked many times over in 2018.
The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years.
Today is a bleak day for cryptocurrencies everywhere as Bitcoin hits the lowest level of the year thus far. Where Bitcoin goes, the rest of the market tends to follow, and indeed, the index shows us all the top-ten coins are experiencing double-digit losses.
Anyone looking to invest in bitcoin or any other form of cryptocurrency has surely spent some time researching and reading about it. Entering the crypto world without any knowledge would be a crazy and reckless thing to do, especially if you are planning to invest money into it. While blogs, forums, and the many available cryptocurrency websites put no limit to the amount of information available for anyone looking for help, there is no denying that the best way to understand a cryptocurrency would be to read its white paper. A white paper is like a blueprint to a building, the syllabus to a class or, more literally, the proposal to a project.
Teachers Mine for Ethereum: Mining for cryptocurrency comes with its controversy. Energy consumption is already the most eyebrow-raising aspect. So what about using the local school’s computers to mine for Ethereum… during school time? Oh, and you’re the principal of the school.
US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday.
Earlier this month, the NY Times reported that the crypto-famous Winklevoss twins have accused Bitcoin Foundation founder Charlie Shrem of Bitcoin fraud. The Winklevoss lawsuit has now turned into a heated battle between both parties.
China does not like cryptocurrency. The country has repeatedly imposed strict sanctions against its use and relative businesses. Now the central bank of China is adding to its list by banning crypto airdrops.
The Winklevoss twins have filed a lawsuit against infamous BitInstant founder Charlie Shrem. They claim the Bitcoin investor stole 5,000 Bitcoins from them in 2012.
Global investment bank Morgan Stanley has given Bitcoin bulls something to cheers about. The institution has stated that it classes Bitcoin as an institutional investment class. (And the day after Bitcoin’s birthday… how thoughtful)
The major US cryptocurrency exchange Coinbase has just announced that it won’t IPO any time soon but will be adding hundreds of more coins in the next year. Coinbase’s President and COO Asiff Hiriji told Bloomberg his company’s plans this morning via Bloomberg TV.
Today marks 10 years of Bitcoin; its original white paper was released onto the internet on Halloween day, 2008.
Crypto exchange Coinbase is now valued at over $8 billion after it closed a new $300 million funding round.
A US citizen from California has just pled guilty in federal court for operating an “unlicensed money business” selling Bitcoin (BTC), called LocalBitcoins.com. The Department of Justice (DoJ) released a press release about the case yesterday, October 29th.
Major US cryptocurrency exchange and wallet provider Coinbase had just been granted a motion to dismiss a lawsuit over alleged insider trading. The alleged Coinbase BCH insider trading occurred last year during the company’s launch of Bitcoin Cash (BCH).
Japanese cryptocurrency exchanges have been given full license to create their own regulations.
Data shows that the international remittance market is huge. In 2016, migrants living in different parts of the world transferred more than $570 billion USD to their home countries. Even though several FinTech overseas money transfer companies have made their presence felt in recent times, the field is still dominated by three of the original players – MoneyGram, Western Union, and Ria. Between them, they account for around 25 percent of the total market share.
It all started with a tweet by Tesla’s CEO Elon Musk.
Over the past few years the idea of becoming a ‘crypto day trader’ has gained in popularity.
Litecoin transaction fees are set to be lowered by ten times in the next Core release.
The cryptocurrency market is currently sitting just above $210 billion this morning. While mainstream media is heavily focused on cannabis at the moment, blockchain companies are still making moves in the background. Today, we’ll take a closer look at Ripple (XRP) and Litecoin (LTC) and the latest advancements with the two projects.
The Ethereum (ETH) Foundation has just announced its fourth set of grants given out to 20 individuals and groups working on the Ethereum blockchain.
Ripple (XRP) is making a dashing comeback this morning after the crypto market lost over $20 billion in value this week. Many of the other cryptocurrencies in the top 20 were seeing double-digit losses yesterday, as investors began dumping their digital assets. Now it seems most are making a comeback and XRP is leading the way.
The cryptocurrency market took a huge hit nearly 12 hours ago when Bitcoin (BTC) abruptly dropped over $200 in value within minutes. After BTC dropped, a widespread cryptocurrency sell-off took place and hasn’t slowed down since.
Wow. It is a solemn day for cryptocurrencies everywhere! According to CoinMarketCap, the market is experiencing a big crash with most coins seeing double-digit losses. I wish I could be bringing a lighter tone to this grey picture, but another fraudulent ICO has been shut down by the SEC earlier today.
Major US cryptocurrency exchange Coinbase said Japan’s tighter regulations towards cryptocurrency would give it an advantage, signaling the company’s confidence in securing the regulatory approval for Coinbase Japan.
Binance, the top cryptocurrency trading platform by its daily trade volume, just made a big announcement regarding its Binance listing fees.
Bitcoingambling.io, a site that caters to those in the cryptocurrency gaming niche, has officially added support for additional currencies.
While the total cryptocurrency market is trading mostly in the red today, most of the top digital tokens are only seeing slight losses. For the past 30 days, the total cryptocurrency market has hovered around the $210 billion range. Today, we’re going to take a closer look at TRON (TRX) and EOS.
If you’ve been following the news and tendencies of the crypto world, you should certainly know about Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. Designed to make blockchain-supported transactions more transparent and secure, these procedures have been frequently subject to criticism.
Bitcoin is a distributed, worldwide, decentralized, digital money. The advantage of Bitcoin is that there is no central authority like a bank, company, or government issuing Bitcoin. Bitcoin might be intimidating to most restaurant owners because it’s not integrated with most POS systems.
According to its website, blockchain creator MagnaChain is “changing the rules of the game.” And with a reported partnering with the popular video game Fortnite, could it be about to change the rules of the biggest game in the world? Could we be playing Fortnite on the blockchain soon?
Ripple recently announced that The Japan Bank Consortium has officially launched its xCurrent-powered MoneyTap app. So how’s the Japan Bank Consortium MoneyTap launch going so far?
StellarX is finally here! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news.
Aside from a dozen lawsuits and a few XRP price drops, Ripple has had quite the year. And big things continue to stir. One CEO has even likened Ripple to Microsoft. But is that an accurate comparison?
The 2018 Ripple Swell conference concluded its final day yesterday. The two-day annual event put on by Ripple was held in San Francisco, California this year.
In 2018, RippleNet has expanded its reach to over 40 countries, on six different continents. In addition to its expansion, Ripple announced that this year it has signed an average of two production customers per week, and xRapid commercial production is now underway.
Ripple’s annual Swell conference concluded its first day yesterday. This year, the company is hosting the event in San Francisco, California. Last year, the Ripple Swell Conference was held in Toronto, Ontario, and was three days in total.
According to the Maltese Prime Minister, Joseph Muscat, cryptocurrency is the “inevitable future of money.”
Venezuela’s economic crisis continues to worsen, despite the president’s controversial attempts to revive his country. The demand for Bitcoin (BTC) and other cryptocurrencies continues to rise this year, as the country’s dollar, the bolivar, continues to drop.
Tom Lee has been a long-time crypto bull and has faced Wall Street head on. Lee is the managing partner and head of research at Fundstrat Global Advisors. Usually, he gives his price predictions on Bitcoin (BTC), but yesterday he predicted the price of Ethereum (ETH).
Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO?
Hold onto your hats folks! There is a BCH price rally happening right now! But why!?
The Ripple website has just undergone some shocking changes, and they haven’t gone unnoticed by the cryptocurrency community. Before, Ripple had three payment platforms it was promoting, but now there’s a new Ripple website that’s all about the RippleNet product.
Cryptocurrency in India is becoming a hot topic thanks to the upcoming crypto hearings in the country. India’s Supreme Court is set to listen to the final round of petitions against the country’s Bitcoin ban. The ban was put in place by the country’s central bank, the Reserve Bank of India (RBI). The hearing is set to happen today, September 25th, local news outlet The Financial Express reports.
At the beginning of 2018, Iceland made headlines because of its heavy involvement in crypto mining. Because the country is an ideal climate for mining, Iceland is home to one of the world’s largest crypto farms.
Ripple (XRP) just passed Ethereum (ETH) this morning to take the second-largest cryptocurrency spot. Except, a few hours later Ethereum enthusiasts shot back and Ethereum re-gained its #2 spot.
Bitcoin price is on a bull-run right now. In fact, the entire crypto market seems to be making a bullish turn as sharp gains can also be seen across a number of altcoins.
Are we becoming so used to hacks in the cryptocurrency sphere, that we no longer panic when they happen? It might seem so, considering Bitcoin’s price remains pretty-much unchanged despite a Zaif exchange hack last night.
In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations.
The Binance crypto exchange has the highest 24-hour trade volume and is currently looking to expand into every continent in the world.
According to a crypto jacking report published by the Cyber Threat Alliance (CTA), crypto mining malware infections are up nearly 500% in 2018.
Ripple (XRP) received a serious boost this morning after news broke that Ripple Labs’ xRapid project could debut in the next month, or so.
Two EOS gambling platforms have been hacked in the last week. An amount totaling $250,000 USD. In the same week, another platform, EOSBet, paid out $600,000 to one user in a claimed ‘jack-pot,’ though some aren’t so sure. What’s going on? What’s with the EOS hacks?
Cory Johnson said it first. Ripple and XRP are not the same things; XRP is not a security. And yet, the San Francisco-based company often finds itself repeating this information. The latest time came today, Monday, September 17th. Not only did the head of government and regulatory relations at Ripple today bring back the XRP security debate, but Sagar Sarbhai also noted that the narrative in the crypto industry is changing.
Jack Ma, Alibaba’s Executive Chairman, has never been shy about his thoughts on the newest and latest technology. The Chinese businessman, investor, and philanthropist has been a long-proponent of blockchain technology but recently made a firm statement on its future. Let’s take a closer look at Jack Ma on blockchain.
Nasdaq announced Friday that it is in the midst of acquiring Swedish trading solutions provider Cinnober. So why is it important for crypto-enthusiasts that Nasdaq acquiring Cinnober might happen? Well, Nasdaq is Nasdaq—the second-largest stock exchange in the world, but Cinnober is known for its acceptance of digital assets and its involvement in helping institutions to invest in them.
SBI, the Japan-based Fintech giant, has just announced its plans of launching an SBI Ripple-powered application for mobile called MoneyTap.
The cryptocurrency market is rebounding today, after a brutal couple of weeks on the market. Ethereum (ETH), Litecoin (LTC), and Monero (XMR) are among the coins making the biggest surge this morning.
There are so many ongoing Ripple lawsuits that you have to count them with both hands. Sure, it’s unfortunate, but it keeps Ripple in the public eye, providing the masses with constant XRP news; this isn’t the case for many altcoins as Bitcoin (BTC) often hogs all the attention and altcoins get left behind.
Stablecoins are becoming popular. There’s no denying it; a number have hit the market this year. In fact, just yesterday, the Winklevoss twins announced the Gemini Dollar—the first-ever regulated stablecoin.
Yesterday, it was announced that OKEx founder Star Xu had been taken into police custody for fraud allegations. If no substantial evidence was found, Xu would be released from custody in a 24-hour period.
Crypto project Carbon is launching its own stablecoin called CarbonUSD.
In today’s edition of Crypto Daily News, we’ll cover the details of OKEx’s founder being arrested by Shanghai police and the story on the man losing his life savings after Bitcoin (BTC) crashed.
Yesterday, First Block Capital Inc, a Canadian blockchain and cryptocurrency investment company, announced that its Bitcoin (BTC) trust has achieved mutual fund status in Canada. Due to this, it allows investors to place funds in registered accounts such as Registered Retirement Savings Plans (RRSP) or Tax-Free Savings Accounts (TFSA).
The Stellar Foundation is a non-profit blockchain project that built the Stellar network. The Stellar ecosystem holds the digital token Stellar (XLM), or Stellar lumens.
The cryptomarket is fumbling at the moment. The reason could be the US Securities and Exchange Commission’s (SEC) decision to cease trading on two exchange-traded notes or ETN’s.
A bit of an understatement, but it’s a massive day for the crypto industry. On Monday, the Winklevoss twins announced the launch of the Gemini stablecoin, a regulated cryptocurrency backed by USD.
Ethereum’s co-founder Vitalik Buterin just recently had an interview with Bloomberg and stated that crypto has neared its “ceiling.” Buterin feels that the days of explosive crypto growth have likely come and gone.
Fintech startup Robinhood offers stock, option, and cryptocurrency trades with zero fees. In an ambitious task, it will soon launch an Initial Public Offering, or in other words a Robinhood IPO.
From releasing more Coinbase exchange pairs to expanding its services to the United Kingdom, Coinbase has been busy this year. And to top it off, today, we’ve seen an integration of these two things. Today, we’ve been introduced to four GBP crypto trading pairs.
The total cryptocurrency market is currently in the middle of a correction that is causing major panic across the community but is also majorly upsetting the long-time crypto enthusiasts. Is this the worst crypto crash we’ve experienced?
For many, the first step into the world of cryptocurrencies is by way of an exchange, which is essentially a marketplace that allows users to both buy and sell various cryptocurrencies. In many ways, it’s similar to the process of buying and selling stocks via a stock exchange, but it differs in one fundamental way. There is no middle man, no broker executing transactions, with a cryptocurrency exchange.
The cryptocurrency market is on the fritz this morning as most cryptocurrencies are in the red and seeing losses in the double-digital percentages. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are all taking significant losses today. Bitcoin Diamond, however, is currently seeing gains well above 100%.
Iran’s Supreme Cyberspace Council Secretary, Abolhassan Firoozabadi, just revealed that various entities within the country’s government have accepted cryptocurrency mining as an industry. The local news agency IBENA reported the Iran crypto news just this morning.
Satoshi’s vision for Bitcoin was to build an economic vehicle that did not require a trusted agent. This is often called a ‘trustless’ system of payment. His justification for launching Bitcoin was that the trusted agents could no longer be trusted. Specifically, the trusted agents had become corrupt, and people needed a method of commerce that did not require third parties. What is lost on many people is that this new system still required trust.
Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements.
China’s ban on crypto continues across the country as the Guangzhou Development District is next to be hit.
Digital asset minding company Kingdom Trust announced today that it has secured insurance coverage through Lloyd’s of London. The insurance is to protect investor assets against theft, destruction, and loss.
Bithumb made around $35 million USD for the first half of 2018, despite its recent hack, says local South Korean local news agency Yonhap.
Why is China banning cryptocurrency events? The country has put in place a ban on venues hosting all events related to cryptocurrency in the Chaoyang district of Beijing.
The US Securities and Exchange Commission (SEC) has rejected nine applications for Bitcoin ETF proposals. The SEC published three separate orders yesterday, highlighting the rejections from the three different applicants.
In today’s edition of Crypto Daily News, we’ll cover the seven premier league teams that just signed a deal with eToro for advertising. Also, we’ll touch on the new study out that shows Bitcoin’s carbon footprint now equals a million trans-Atlantic flights.
The cryptocurrency industry has been around for a long time and has been attracting a lot of investors for a decade. Cryptocurrency investing has turned into a huge mainstream business. Cryptocurrency has helped many people to generate extensive profits through their investment. This all started with the introduction of Bitcoin, which was the first cryptocurrency ever that gave the world the idea of the blockchain. This inspired other cryptocurrency firms to innovate more and come up with a different solution based on blockchain technology.
In today’s edition of Crypto Daily News, we’ll cover the new Bitcoin Cash (BCH) futures just launched in London and the details of the 21-year-old Californian that was charged for Bitcoin money laundering.
Only a handful of coins in the top 100 cryptocurrencies are seeing losses on the market this morning. After a rough start to August, it seems the market has begun correcting itself again. At press time, Bitcoin (BTC) is trading just below $6,500 and Ethereum has just passed the $300 threshold.
JD.com has been busy today. On Friday, the Chinese e-commerce company rolled out two new products: a JD.com blockchain platform and a JD.com app. The latter is the platform’s first use case.
Ripple (XRP) has just announced that it has signed three major partnerships for xRapid, its product geared towards financial institutions. These Ripple xRapid partnerships will allow the XRP token to be exchanged to and from another currency efficiently.
The Union of European Football Associations (UEFA) has made quite the revolutionary announcement today. No, Lionel Messi has not quit football or anything like that, rather the announcement revealed the new UEFA ticketing system.
The cryptocurrency market has taken a beating to start out August but it seems the market has made a shift this week. Currently, Bitcoin (BTC) is trading just under $6,400 and Ethereum (ETH), one of the top altcoin gainers today, is just below $300.
In today’s edition of Crypto Daily News, we’ll cover the updates of nearly one trillion dollars worth of Bitcoin (BTC) has already been traded in 2018 and Coinbase making steady progress in enhancing its platform.
Ripple, the third largest cryptocurrency project by its total market cap, confirmed that it is targeting the large Chinese market with its cross-border blockchain payment technology, CNBC reported this morning. Ripple targets China despite China’s anti-cryptocurrency reputation? Here’s why.
The crypto market has been taking quite a beating these past 36 hours. Bitcoin (BTC) is currently trading around the $6,000 mark and currently holds 54% of the total market dominance. Many of the altcoins are suffering, especially Ethereum (ETH). We’ll also take a closer look at TRON (TRX) and IOTA (MIOTA), two other altcoins on the market that are currently suffering big.
Bitcoin Price Watch: Yesterday saw Bitcoin (BTC) price fall to almost below $6,000. But what about today?
Cryptocurrency has become worldwide famous among the people. Many believe that investing in cryptocurrency will generate more revenue this year.
If you were planning on using Bitcoin to retire, you might want to think again. Why? Well, because the SEC has recently warned against cryptocurrency retirement funds.
The cryptocurrency market has been all over the place lately with its price movements, and today, most of the top 10 cryptocurrencies are in the red. Today, we’re going to track the latest Ethereum news and Stellar news.
Crypto trading can change people’s lives and their finances. However, this trading is not accepted worldwide. In Saudi Arabia, for instance, the trading of virtual currencies is illegal. We were reminded of that this past weekend.
India has been weighing its regulations on cryptocurrency for the past few months and it seems the government will finally come to a conclusion about blockchain and digital currencies by the end of 2018, Quartz India reports.
Both Bitcoin bears and bulls will be watching the BTC price over the weekend. While some see a potential corrective rally occurring, others believe the cryptocurrency is at the end of its road.
Stellar (XLM) is currently the only digital currency within the top 13 cryptocurrencies that is seeing any sort of gains on the crypto market today. So is there any Stellar news today?
In the latest IOTA news, the IOTA Foundation has just received some bad press as a heated discussion between the founders of the project and their board of directors was leaked to the press.
Ripple is no stranger to being slapped with lawsuits. Based on yesterday’s announcement, it appears a fourth Ripple lawsuit is underway as well.
Crypto exchanges are often looking for ways to up the ante and excite users. The crypto exchange Ethfinex is doing just that by offering the ability for users to vote on what coin gets listed next on the exchange’s platform.
In the latest Litecoin news, Charlie Lee, Litecoin (LTC) founder, will be present at the very first Litecoin Summit. Long-time project enthusiasts will have the chance to meet him for only $49.
The Opera web browser will soon have a built-in crypto wallet for its desktop application.
In today’s edition of Crypto Daily News, we’ll cover Microsoft’s latest tech that runs on the Ethereum network and OKEx’s troubles launching its Bitcoin (BTC) futures.
Tom Lee has always remained optimistic about Bitcoin. True, the Tom Lee Bitcoin price target did change from $25 thousand to $20 thousand last month, but the Fundstrat co-founder is still confident. In fact, Lee remains confident because of what the Fundstrat Bitcoin Misery Index is indicating.
Most of the cryptocurrency market is in the red today, as Bitcoin (BTC) has just fallen below the $7,000 mark. But today, we’re focusing on EOS and Stellar (XLM), and their latest project updates and price.
In today’s edition of Crypto Daily News, we’ll cover why Bithumb has dropped nearly 40% in its trade volume and why Bitcoin (BTC) was unaffected by the NYSE news.
In today’s edition of Crypto Daily News, we’ll cover Coinbase adding the British Pound to its trading pairs and John McAfee’s “unhackable” Bitcoin wallet that gets, well, hacked.
Yesterday, cryptocurrency-focused merchant bank Galaxy Digital Holdings Ltd. (GLXY) started trading on the Toronto Stock Exchange. The stock lost a lot of momentum but closed the day in the green.
Ripple (XRP) just made a major announcement on its Twitter page yesterday that has the crypto community buzzing. It seems that former US President Bill Clinton is speaking at the Ripple Swell conference in early-October.
Ripple is back at it again with the partnerships. A few months ago, it seemed like there was a new Ripple partnership or donation every week. Then things slowed down. This week, the Ripple I know is back. This week, we’ve heard about the Ripple Madonna partnership. And it’s true.
Mike Novogratz, a former Goldman Sachs Group Inc. partner, is far past the point of no return with his Bitcoin merchant bank. Galaxy Digital LP trades on TSX Venture Exchange as of today says Bloomberg, despite the crypto market’s bear movement in 2018.
DCEX uses Ripple tech, entering the crypto market as a brand new decentralized cryptocurrency marketplace with Ripple (XRP) at its core.
In today’s edition of Crypto Daily News, we’ll cover the NFL’s latest deal in crypto, Thomson Reuters’ partnership with Crypto Compare, and Bitcoin (BTC) dropping below $8,000.
In a sea of sellers, a light has been cast on Verge (XVG). Huobi lists Verge, as announced Tuesday, causing the altcoin to increase nearly 5%.
There are numerous people and groups in the crypto industry that want a crypto ETF. The Gemini exchange is one, and BitWise is another. Over the weekend, the CEO of Fatfish Internet Group joined the conversation. But is there a crypto ETF coming soon, or is this false hope? After all, the SEC has a different opinion.
Bitcoin has had quite the year. It hasn’t all been good, with the digital currency dropping below the $6,000 price mark at the end of June. But recently Bitcoin has redeemed itself, witnessing strong gains over the last week. So that brings up the question of whether there are catalysts driving Bitcoin higher. If not now, could there be catalysts at a later date?
Winklevoss Twins Get Second Rejection: Where the Cryptomarket is concerned, talk about establishing an ETF is a big deal right now.
Formerly known as Moneybookers, the popular online payment operator Skrill has just announced big news in the crypto space. Skrill adds coins, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
A new ride-hailing service has just emerged in Singapore, and it’s the first of its kind. TADA, which means “let’s ride” in Korean, is a blockchain-enabled mobile app that claims it has zero commission fees for its drivers. Let’s learn more about the blockchain powered ride-hailing app TADA.
ETF is Unlikely: Demand is growing for the establishment of a crypto ETF or exchange-traded fund. Just yesterday major exchange Bitwise joined the fight and filed a proposal to the SEC for an ETF.
On today’s segment of Crypto Daily News, we’ll cover the thriving Bitcoin (BTC) and the cryptocurrency market, Venezuela’s president trading the national currency for one tied to its ‘Petro Coin,’ and MetaMask being removed from the Google Chrome store for a few hours.
A bittersweet moment hit the crypto industry Wednesday morning. At the start of the week, platforms were alerted that crypto ads on Google were back. Specifically, advertisements for Coinbase. However, this was all speculation, and we even noted that it could be a mistake—and that’s what it was.
Popular US-based cryptocurrency exchange Coinbase Inc. is now offering something no other exchange has to its customers. According to a report by Bloomberg this morning, the crypto exchange will offer a way for its customers to purchase retails goods and services using cryptocurrency. There are now going to be Coinbase crypto gift cards.
We know their names, but that’s not always enough. To appreciate the young in the world of business, Fortune, a multinational magazine, publishes its ’40 under 40′ list every year. Yesterday, the 2018 Fortune 40 under 40 list was released—and four crypto players made it. Vitalik Buterin makes Fortune 40 under 40, plus more!
Musicians have the resources to finance the things they support. Ordinary people try but often fail to have the required funding—which is why we tend to see celebrities investing in crypto and blockchain startups. The latest headline involving a celebrity moving into blockchain is as follows: Peter Gabriel invests in blockchain startup.
Robinhood adds Dogecoin: It was all smiles yesterday when Robinhood, a stock trading app, revealed that it added Dogecoin to its platform. But behind the scenes, some are unsure of this event.
Coinbase updating coins: Three days ago the largest cryptocurrency exchange operating in the United States announced that it is exploring five new cryptocurrencies to add to its platform, including Stellar (XLM) and Cardano (ADA).
It’s the Crypto World Cup Finals! And the crowds go wild! Charles Hoskinson is facing off against Charlie Lee in what is perhaps the biggest and most highly anticipated crypto competition EVER. It all comes down to this. Who will be victorious? Who will win the cup?
Robinhood Exchange: Robinhood, the Financial services mobile app which launched in February of this year, has just announced further developments on its platform. Robinhood has now added support for Litecoin (LTC) and Bitcoin Cash (BCH).
You gotta love the believers. TenX’s co-founder Julian Hosp is definitely bullish about market leader BTC with his prediction for the second half of 2018. At the RISE tech conference in Hong Kong the crypto wallet and card start-up founder said to CNBC:
Venezuela Petro cryptocurrency: Lldemaro Villarroel, the Venezuelan Minister of Habitat and Housing, just announced that the Venezuelan government is planning on using the national cryptocurrency Petro to house the homeless, Criptotendencia reported yesterday.
Winklevoss twins hire NYSE executive: The Winklevoss twins have turned to an executive from the New York Stock Exchange, hiring Mr. Robert Cornish to oversee Gemini’s use of Smarts.
IBM blockchain platform: We.trade, a European blockchain trading platform, has just announced that it has completed its first live operations.
Yesterday saw a successful day in Zug — Switzerland’s “Crypto Valley”, as the city completed its first trial municipal vote using blockchain. The success was first reported by the Swiss News Agency.
Binance Uganda: The world’s most active cryptocurrency exchange by trade volume, Binance, just announced that it would be opening its first exchange in Uganda.
Charles Hoskinson suggests Mantis: Last week, Tron (TRX) was heavily criticized as developers outside of the project discovered that most of the code on Tron’s platform had been taken from Ethereum’s EthereumJ library.
Within the last year, we’ve seen the coveted wealth that cryptocurrency has brought to many. Unlike brokerages, central banks, and other mainstream financial products, cryptocurrency and blockchain technology propel the world towards anonymity and security. Because of this, many crypto advocates wonder where the next hub will be. Will it be somewhere cold with low electricity costs for currency mining, or tropical with a Wall Street, ritzy feel? This answer is all the above.
Facebook acquiring Coinbase: Back in January of this year, Facebook banned cryptocurrency advertising on its platform. This move was in response to many other platforms banning ICO and cryptocurrency type advertisements – in the hopes of protecting its users from deceptive financial products and services.
Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH).
Tron [TRX] is celebrating its “independence day” today, as its token migration is set to conclude later tonight. When this occurs, Tron will become completely independent from the Ethereum network.
To understand Bitcoin transaction fees, it helps to first understand the method of processing transactions. How does it all work!?
Bithumb hack investors repaid: Another week, another crypto exchange hack. Last Monday, June 11, the world awoke to the news of the Coinrail hack. This week, another South Korean exchange was also hacked. This time around it was Bithumb. In the Bithumb hack, roughly $30M in digital assets was stolen.
ICOs have become the number one cause for cryptocurrency lawsuits. Usually, these lawsuits pertain to companies that advertised an ICO for a blockchain-related coin or company and then purposefully didn’t deliver on promises made. ICO’s allow anyone that has an idea for a new project, to easily raise capital without having to go through the formalities of an IPO and this leaves ample opportunity for fraudulent scammers to take advantage of eager investors. The outcome tends to be a heister running away with the money they falsely acquired and this inevitably leads to a nasty lawsuit.
The world’s sixth largest cryptocurrency exchange by daily trade volume, Bithumb, has just been hacked for $31 million. This morning the South Korean exchange announced that hackers had stolen close to 35 million Korean won for its system.
Paxos adds Litecoin (LTC) – Litecoin is among the coins being added to the Paxos Trust Company, one of the only companies authorised by the New York Department of Financial Services (NYDFS) to trade these coins.
Contrary to popular belief, there is a difference between Ripple and XRP. To quote Michael Caine, “not a lot of people know that.” Even if people are aware, however, they still struggle to fully grasp the concept. This has caused many in the community to feel a certain sense of frustration, as Ripple, the company, has said time and time again that they are not the same, but have only now started to clarify the difference between the two.
The first EOS Hackathon results are in! The Hong Kong Hackathon is over, and the prizes have been awarded. Who took home the top prize?
Coinbase adding Ethereum Classic (ETC): Announced earlier, it’s official – the cryptocurrency exchange Coinbase is adding support for a new token, Ethereum Classic!
The financial industry has witnessed many disruptions and welcomed new technologies that have radically changed traditional processes. In today’s world of cryptocurrency and digital transactions, a new type of technology is steadily taking over – the blockchain technology. Blockchain has caused many disruptions, but what are the top blockchain disruptions?
The UK’s Financial Conduct Authority (FCA) issued a letter on Monday to bank CEOs over the potential risks that they face when dealing with cryptocurrencies.
Bitcoin day traders appear to be on the rise. The Financial Times reports that there is as much Bitcoin (BTC) owned by short-term speculators as there is by HODLers, or long-term investors, now.
The EOS Hackathon is fast approaching. Are you ready for the biggest blockchain competition to hit the world? Five locations, plenty of prizes, and one ultimate winner – let’s do this!
Crypto bears and crypto bulls – we know ’em, we love ’em, well, some of them at least. Shots have been fired in both directions, and the battle lines have been drawn. Who will come out on top? This is crypto bears vs. crypto bulls.
People have been on the lookout for EOS bugs ever since the first big EOS vulnerability was discovered days before the EOS mainnet was set to launch. Now, more bugs have been found, and almost $120 thousand was paid for their discovery.
Edgar Allan Poe, as a writer and poet influenced both American literature and international literature. As a struggling artist (one who never really profited off of his work), Poe influenced one man, hundreds of years after his death, to create the Qravity blockchain platform. The goal of the blockchain platform? To not only allow creators to own their content but to profit from it as well. Something which Edgar Allan Poe was never fortunate enough to do.
Banks to use Ripple: It is a sea of green on the crypto market today! Which, considering the past few weeks, is relatively nice to see. Bitcoin (BTC) may still be below the $8,000 mark, but Ripple (XRP) is up nearly 5%. You win some, you lose some, right?
Microsoft Bought GitHub: Even from a company as technologically advanced as Microsoft, the announcement that it acquired GitHub on the morning of June 4th took a lot of people by surprise. In the past, Bill Gates, founder of Microsoft, has critiqued the crypto sector, which is why many are skeptical of this purchase. It’s not that Microsoft is a bad company, it’s that many are worried about the effect this acquisition will have. Specifically, on virtual currencies like Monero (XMR).
Now that the EOS mainnet has launched, it’s a good time to check in with EOS dApps. How many dApps are there on the EOS blockchain? What are they?
TRON (TRX) – Last night at 11 PM EST, the Tron main net officially launched in Shanghai.
TRON [TRX] – The Tron Foundation will be launching the long-awaited Tron Main Net Odyssey 2.0 at 11 AM tomorrow, May 31, 2018 (UTC+8). The Tron team is located in Beijing China and will be broadcasting the launch live via their Twitter page.
A masternode is a cryptocurrency wallet often referred to as a full node which contains a copy of the ledger in real-time. Blockchains can typically be broken down into three types: Proof of work, proof of stake, and a blend of the two. These blockchains need a system for processing transactions which enables the blockchain to function. However, masternodes are substantially different than the functionality of regular nodes. They go above and beyond in functionality compared to a node which is simply relaying blocks and transactions.
All of the top-ten coins are sporting a bright red look Wednesday. That means Ripple (XRP) is down, despite there being quite a bit of positive Ripple news out there in the world, for one thing, Ripple was the reason we had Snoop Dogg at Consensus 2018!
New NEM Protocol: Tech Bureau, a developmental group for blockchain technology software and services, has announced the release of its mijin v.2 blockchain engine, which is also known as Catapult.
TRON [TRX] – The TRON team is less than two weeks away from its main net launch. In that time, Tron will leave its Ethereum [ETH]-based ERC20 token behind and will become entirely independent. The Tron token will migrate on June 25th, after TRON’s main net has been thoroughly tested.
TRON [TRX] & TRON Token Swap – The TRON main net launch is exactly two weeks away and the community surrounding the project is buzzing.
Ripple released a report announcing the progress of its pilot tests for the Ripple xRapid product. The pilot tests show that xRapid is successfully achieving cheaper and faster cross-border transactions.
Litecoin started a campaign called Pay With Litecoin that has entered the Twitter-verse under the hashtag #PayWithLitecoin. Not sure what to buy with Litecoin (LTC) though? Don’t worry, we’ve got your back. Here’s a list of what you can buy with Litecoin (LTC).
Ethereum is a decentralized blockchain. It makes use of Ether – a cryptocurrency which is empowered by this Blockchain technology. The self-executing nature of the computer algorithms around which applications are built eliminates human interference. Since its inception, Ether has been quite popular – the number of transactions using Ether was deemed to be twice of that of Bitcoin in 2017 (Bitcoin is the most popular cryptocurrency). A considerable reason for this is that Ether transactions tend to be confirmed quicker by the ethereum blockchain than Bitcoins do on its blockchain. Also, Ethereum can be used as a platform for other cryptocurrencies and can also handle more complexity as it runs “smart contracts” (Programs that execute exactly as they are set up to be by their creators). The current value of Ethereum is over $700 US, making it the second most popular cryptocurrency in circulation.
The India Crypto ban isn’t being wholly accepted across the country. The community of cryptocurrency users and blockchain technology enthusiasts have decided to speak out against the decision by the Reserve Bank of India that could endanger crypto trading across the country:
The infamous Satoshi Nakamoto is still a mystery. Nobody truly knows the identity of the creator of Bitcoin, but many have claimed to be him. It was once speculated that Elon Musk, Tesla’s (NASDAQ:TSLA) CEO, was Mr. Nakamoto but later, Musk put those rumors to rest. Sad, – how cool would that be?
Late Monday evening, Coinbase announced its intention to add ERC20 support on its platform. Does this mean that the exchange will be adding more altcoins to its platform in the future?
As reported by Bloomberg, Binance is looking to open an office in Malta.
The world’s largest cryptocurrency exchange, Binance, just received a huge warning from Japan. The exchange is listed in Hong Kong but it’s servers actually reside in South Korea. Since the Chinese did that firewall ban, the Binance IPs moved to the British Virgin Islands and other locations to avoid regulatory issues in the future.
The team at BestBitcoinExchange.io sent us a handy infographic to help you navigate your way through the crazy world that can be cryptocurrency exchanges.
President Trump has officially signed an executive order forcing sanctions against Venezuela. The country holds a “petro” cryptocurrency that is even controversial within its own countries’ government. Earlier this month, Rafael Guzman, chairman of the Economic and Finance Commision, said in a statement.
In 2014, the USA today posted an article stating how $614 billion dollars had been completely missing from the 302 federal program audit. The government ran website USASpending.gov is supposed to be a transparent and accurate representation of where our tax dollars are being spent, but the Government Accountability Office found that only 2-7% of the website’s data was accurate. So where is the rest of the money?
There’s a lot to discuss when it comes to the cryptocurrency sector. Price growth remains at the top of the list, with regulation coming in a close second. As for me, I’ve been looking into issues that have arisen from cryptocurrency farming. There’s one country, in particular, that is really struggling from this and that’s Iceland. Iceland cryptocurrency farming fears have been growing for a while now.
After falling below the pivotal $10,000 price level this weekend, BTC managed to bounce back above $10,000 this week and is now trading at levels similar to earlier last week. During the past seven-day period, BTC managed to stabilize around $11,000 following the market downturn that occurred in early February. Now, the digital currency is trending up and is set to test the $11,000 mark once again.
Where are the cheapest and best places for Bitcoin mining?
Iceland has become the premier hotspot for cryptocurrency mining, more specifically Bitcoin, and the countries officials are now in a panic. With its cool temperatures, it makes it the perfect location to keep these hot data mining centers cool, without the need for extra air conditioning. While Bitcoin’s price has been on the decline within’ the past few months many companies have seen the island as the holy grail to mine the remaining digital tokens. They are equating it as the 21st century ‘gold rush’ as many companies have flooded the country in hopes of starting their own mining data centers.
Watch out! There is a Monero worm on the loose. Chinese cybersecurity firm 360 Netlab have reported that a Monero (XMR) worm which harnesses android devices to mine the coin and send it to a single digital wallet, is currently active.
It appears we have yet another company interested in blockchain technology. While not as far-fetched as, say, Long Island Iced Tea (now Long Blockchain Corp. (NASDAQ:LTEA)) moving into blockchain, I was still a little taken back, and also very excited, to hear that Wien Energie is testing a number of blockchain-based services.
This week, a Turkish soccer team, Harunustaspor use bitcoin to sign their newest player. The tiny Turkish soccer team has become the first in the world to purchase a payer using Bitcoin (BTC) or any cryptocurrency, making history.
Cryptocurrency is creeping into every industry in the world and as a result, “The Beautiful game” is following suit by launching the world’s first soccer cryptocurrency.
Late last week, the largest crypto exchange hack took place. CoinCheck, headquartered in Tokyo, had $530 million USD worth of NEM stolen from the exchange. The company announced today that it will repay the 260,000 customers that were affected by the hack on its platform. It remains unclear as to where the company is getting this money but it claims repayments will come directly from their own funds. Currently, there is no timeline as to when refunds will be distributed. CoinCheck’s website currently reads:
Social Media Giant Facebook Bans Cryptocurrency Ads
Friday morning has not started out on a good foot for some major cryptocurrencies. It was confirmed this morning, via press conference, that Coincheck has suffered the largest crypto hack ever. This is larger than the notorious Mt. Gox hack, which is estimated to be around 500 million NEM (XEM) tokens. Coincheck is based out of Tokyo, so the hack’s confirmed numbers are around 58 billion Yen (around $533 million USD). The exact total that has been lost is yet to be fully confirmed, as it is still being investigated.
If you’re investing in bitcoin or ethereum and worried about the high transaction fees charged by cryptocurrency exchanges like Coinbase, there is good news on the way!
If you’re an investor anguishing at the performance of bitcoin lately, there may be more bad news on the way. Today, Goldman Sachs issued a warning against the cryptocurrency, affirming that there is “no doubt” that bitcoin’s meteoric rise over the past year has “pushed it into bubble territory.”
Many people ask the question ‘What is Ethereum?’ but not many people have the answer – or at least, not the answer that is comprehensible to the average reader. We’re going to simplify and explain, step by step, what Ethereum is and how it works. If you’re new to the cryptocurrency world, you’re in the right place, we’re just going to cover the basics.
Just one week after the proposed date of its initial coin offering (ICO), England-based financial startup BitConnect officially announced on its website that it is shutting down its cryptocurrency lending and exchange platform.
Many new TRON (TRX) investors seem to be at their wits end with the current bearish fall of the cryptocurrency, that once saw daily gains over 100, a few days in a row, in the first week of January.
Tron (TRX) has been making major crypto headlines lately as its founder, Justin Sun, has been making big moves with his project. Within the last few weeks, the altcoin has soared in price and became a big hit as the new Tron dogs game emerged within China.
Nem (XEM) has been slowly climbing the charts and is now the sixth largest cryptocurrency, above Litecoin and Stellar. The coin hasn’t received much mainstream press but has been silently dominating and climbing the charts.
Last year, Jamie Dimon, who is the current CEO of JPMorgan Chase (NYSE:JPM), disclosed that he was not on board with the hype surrounding the cryptocurrency market, going as far as saying that he will fire any trader involved in trading digital currencies. However, all of that changed on Tuesday, January 9.
Back in early December, the game Cryptokitties took off on the Ethereum blockchain. Within its first week, Ether holders spent over $3 million dollars on virtual cats. At one point, the game took over close to 25% of the total hashing power on the Ethereum network. Currently, the game has 251,292 total sales with $18,310,216.78 USD sold. The highest kittie that was sold was for 254 Ether and at the time-of-sale cost $110,707.16 USD, made on December 6th, 2017.
Bitcoin dropped and people panicked. Now, several crypto exchanges, specifically those in South Korea, are in danger of being shut down and people are panicking again. Either way you cut it, people are concerned they’re about to lose all the money they’ve invested in cryptocurrencies – and that’s a lot of money.
Tom Lee, who co-founded the Fundstrat market research company, has publicly stated that the price of Bitcoin will only continue to increase. According to Lee, bitcoin will continue to see growth because millennials have taken such an intense interest in it.
CEO of Goldman Sachs (NYSE:GS), Lloyd Blankfein, claims that bitcoin is a “vehicle to perpetrate fraud” and has been outward about his distrust of the cryptocurrency.
A 36-year-old Austrian man lost over 100,000 euros from his Bitcoin account when he logged into in on the public wireless network. The Austrian police are still investigating the incident as to whether it was hacked before he got into the restaurant and used their unsecured network. This crypto heist is not the first, either.
Tether, a startup that offers dollar-backed cryptocurrency, announced on Monday that its system was hacked, with more than $30 million US dollars worth of Bitcoin stolen.
Morgan Stanley Chairman and CEO, James Gorman, had a lot to say about Bitcoin in an exclusive interview with CNBC.
What is a ethereum’s founder, a 23-year-old hacker, supposed to do after he’s created a multibillion-dollar cryptocurrency?
Interested in learning how to buy Bitcoin? First, you need to master the basics. After that, the next step will be acquiring some of the digital currency. But how, you ask? Below is a guide that will tell you everything you need to know.
If you’re interested in cryptocurrency, chances are you probably understand that Bitcoin is not only the first cryptocurrency to be created, but it is also one of the most important out there.