Day: June 20, 2018

Reality Shares Launches World’s First China Blockchain ETF

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In an effort to take advantage of China’s innovation in the cryptocurrency sphere, asset management firm Reality Shares launched the first ever blockchain ETF for the country. The company says their goal is to “democratize the world’s best investing ideas.” According to a news release on June 20th, the Reality Shares Nasdaq NexGen Economy China ETF (Nasdaq: BCNA), will focus on Chinese companies committed to “developing, researching, supporting, or utilizing blockchain.” Investors can either speak with a financial advisor about adding the ETF to an account or invest directly on…

Akon Launches Akoin | Another Celebrity Enters the Crypto Market

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Akon launches Akoin: To add to the list of celebrities that have been entering the cryptocurrency market, singer Akon has announced that he has launched his own cryptocurrency called Akoin. Akon Launches Akoin: Cannes Lions 2018 Akon announced his new coin Akoin at the Cannes Lions 2018 ‘Blockchain, Entrepreneurship and Empowering the Future’ panel on Saturday, June 18th. Leading up the event, Akon tweeted about his upcoming stint at on the panel. I’ll be speaking at @Cannes_Lions today on “Blockchain, Entrepreneurship and Empowering the Future…Come check it out at 3:30…

Bitcoin Cash Price Watch | BCH/USD Back On Bullish Run

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Bitcoin Cash Price Watch: Bitcoin Cash (BCH) returns to bull run. Key Highlights: Bitcoin Cash price bounced back from its decline this past weekend, now looking to break $900 once again. BCH/USD is back on a bullish run after establishing support at around $860. The $910 price level is considered a major resistance point. Bitcoin Cash Price Watch: BCH/USD Looking To Overtake $900 On Wednesday, Bitcoin Cash price continued to recover from its decline this past weekend, reaching a high of $909 before pulling back below $900. BCH/USD is now…

Brazil’s Central Bank Unveils Blockchain Data Exchange for Regulators

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Brazil’s central bank has unveiled details of a newly-developed blockchain platform that will be used to facilitate information exchange between the country’s financial regulators. Dubbed ‘Pier’, the blockchain was developed by the Banco Central do Brasil (BCB)’s own IT department and will be used to share data securely between the central bank and other domestic regulators, the BSB said in an announcement. Specifically, Pier will allow for data exchange between the BCB, the Securities and Exchange Commission of Brazil, the Superintendence of Private Insurance and the National Pension Funds Authority.…

Exchange Leftover Euros for Cryptocurrency at the Schipol Airport!

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We all know it can be a pain to exchange foreign currency, but Amsterdam’s Schipol Airport is trying to help people avoid that hassle. Travellers going through Schipol Airport will now be able to exchange any leftover euros for cryptocurrency! Specifically, people will be able to trade euros for Bitcoin (BTC) or Ethereum (ETH) at one of the several Bitcoin ATMs that have been set up at Schipol’s Arrival Hall 2 and its Departure Halls 1 and 2. According to the official press release reported on Wednesday, the ATMs are currently on…

Bitcoin Price Watch | BTC On Bullish Run, Testing Resistance At $6,800

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Bitcoin price watch: Bitcoin continued its bullish run on Wednesday morning, moving firmly past the $6,700 level and testing a major resistance at $6,800. Bitcoin has been on an upward trajectory recently, having recovered by more than 5% since the beginning of last week. Yesterday, the cryptocurrency received a further boost as Goldman Sachs CEO Lloyd Blankfein commented on the future of Bitcoin with an optimistic tone. During a talk at The Economic Club of New York, Blankfein, who has been relatively more upbeat about Bitcoin than some of his…

Tether Review Claims Crypto Asset Fully Backed – But There’s a Catch

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Nearly six months after parting ways with its auditor, Tether has finally produced a third-party report proclaiming that its cryptocurrency is fully backed by U.S. dollars – with some big caveats. The state of Tether’s reserves has been the subject of controversy for months, with online critics claiming the company has been issuing more tokens than it had dollars in the bank – printing money, essentially. Tether has consistently denied this, but has not produced conclusive evidence that it is reserved 1-for-1. The matter has broad implications for the crypto…

IBM Launches a Free Blockchain Program for Students in India

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The rise of blockchain technology is fueling demand in relevant skill sets, with institutes and countries around the world launching educational initiatives. The latest to introduce such a program is the Indian state of Tamil Nadu. In collaboration with American technology giant IBM, India’s National Programme on Technology Enhanced Learning (NPTEL) launched a 12-week online course on blockchain architecture, design and uses, on June 19, 2018. The authority noted the benefits of blockchain technology, and acknowledged UpWork’s Skills Index for Q1 2018 which considers “blockchain skills” as the most “in-demand…

Bitcoin Price Steady Above $6K Despite Bithumb Hack

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Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000. The cryptocurrency fell from $6,740 to $6,560 after Bithumb – the sixth largest cryptocurrency exchange in the world by trading volume – confirmed that the attack had happened between late Tuesday night and early Wednesday morning local time, adding that about $31 million-worth of cryptocurrencies had been stolen. The Seoul-based cryptocurrency exchange has now halted all deposit and withdrawal service…

Bithumb Hack Prevents Corrective Cryptocurrency Rally, Market Drops

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South Korea’s biggest cryptocurrency exchange Bithumb experienced a hacking attack that led to a $30 million loss on June 20, leading the cryptocurrency market to drop by $6 billion within hours. Major cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Bitcoin Cash, which successfully picked up some momentum throughout June 17 to 19, ended their corrective rallies and have fallen by around 1 percent over the past few hours. Tokens including Ardor, Ethos, Polymath, and Aion have continued their downward trend against both Bitcoin and the US dollar, triggered by the…