Day: June 21, 2018

Ethereum Classic Price Defies Bear Market in Single-Day Rally

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The ethereum classic price continued its inexorable rise on Thursday afternoon as it reached $17.71 on cryptocurrency exchange Binance — a single-day increase of 7%. There could be several factors which are affecting this price movement. The principal one is the listing on Coinbase, which was something of a surprise when it beat other contenders such as Ripple’s XRP token to the finishing line. Turnover has also increased quite substantially in the past days where the price climbed from a low of around $13.50 to $17.74 of now and appears…

Robinhood Stock Trading App | Applying for a National Banking Carter

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Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas! it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC), with an ambition to acquire necessary licenses allowing it to receive a national banking charter. This would effectively class the platform as a bank.  The idea is to become a more official banking platform, covering all bases; from cryptocurrency to stocks and fiat accounts for its customers. Currently, Robinhood boasts…

Researchers Allege Tron Plagiarized Code from other Projects

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Researchers from Digital Asset Research (DAR) have discovered multiple instances of code copied from other projects in the Tron codebase. It seems that Tron developers plagiarised code from Ethereum among other projects and changed filenames to make it difficult to identify the source of the code. DAR published an article on Medium about the plagiarism and the legal and technical problems that may now affect the Tron mainnet going forward. “On December 31, 2017, the project was initially accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the…

Toronto Stock Exchange Adds a New Blockchain ETF

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Starting today, The Toronto Stock Exchange will list a new blockchain based ETF on their platform. ETF, which stands for ‘Exchange traded fund’ is “a marketable security that tracks an index, a commodity, bonds, or a basket of assets”. Unlike mutual funds, an ETF trades like a common stock on a stock exchange, and experience price changes throughout the day as they are bought and sold. The Horizons Blockchain Technology and Hardware Index ETF, which will join similar ETF’s from Harvest Portfolio Group Inc. and Evolve Funds Group Inc, aims…

Charlie Lee On CNBC | Bithumb Hack, Bitcoin Price, & Lightning Network

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Charlie Lee on CNBC: Charlie Lee, founder of Litecoin (LTC), chatted with CNBC about the recent Bithumb hack, Bitcoin price, and the Lightning Network. Charlie Lee on CNBC: Bithumb Hack The South Korean crypto exchange Bithumb was hacked earlier this week, with a total of USD $30 million in crypto being stolen. It was enough to shift the exchange from its sixth-place ranking for daily trading volume down to seventh. Along with the loss of crypto from the exchange, many cryptocurrencies’ prices plummeted from the resulting panic, including Bitcoin (BTC).…

India to Embark on Nationwide Blockchain Infrastructure Platform: Report

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Niti Aayog, the Indian government’s think tank, is reportedly set to launch IndiaChain – a nationwide blockchain infrastructure that will enable both government and private companies to build applications on the platform The National Institute of Transforming India (NITI Aayog), India’s primary policy institute and think tank, is readying the launch of a ‘massive blockchain project’, dubbed ‘IndiaChain’, that will be deployed as an interoperable platform to allow private developers and companies to build blockchain-powered applications in the public domain, FactorDaily reports. The influential government think tank is also working…

This $575 Million ICO With Royal Backing Is So Crazy, It Might Be Real

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Crypto loves Lamborghinis. So much so it seems that a startup looking to release movies – early offerings include a biopic about the founder of the car company and his feud with the founder of Ferrari – has raised a whopping $575 million off its private sale of TTU crypto tokens from investors including BlockTower Capital and even a prince. With that, the startup, called TaTaTu, has raised the third largest round ever using the initial coin offering (ICO) model – surpassed only by EOS and Telegram, according to data from CoinDesk’s…

New Resistance Could Cap Bitcoin’s Upside Price Potential

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Bitcoin’s (BTC) bulls are struggling to push prices higher, despite a still-favorable short-term set-up on the technical charts. Bitcoin rose to a six-day high of $6,580 on Monday on Bitfinex, adding credence to indications that the cryptocurrency could be in for a relief rally. The bullish bias has strengthened further in the last two days too, courtesy of a bullish Bollinger band breakout and a bullish crossover between the 5-day and 10-day moving average (MA). Furthermore, bitcoin refused to embrace the negative narrative on Wednesday after the $31 million hack of South…

Philippine Bank Taps IBM for Japan Blockchain Remittance

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The Rizal Commercial Banking Corporation (RCBC), one of the Philippines’ top 10 banks by assets, has announced an upcoming remittance payments service from Japan using blockchain technology. Speaking to reporters on Thursday, RCBC first senior vice president Manny T. Narcisco revealed that the banking giant is developing the blockchain platform to enable cheaper and faster remittances for overseas Filipino workers (OFWs) in Japan. “For the OFWs in Japan, [this service] will make remittance faster and cheaper as we will collect less fees,” the senior bank official was quoted stating by…

St Louis Fed Now Tracks Crypto Prices on Its Research Database

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The St. Louis division of the U.S. Federal Reserve Bank is now tracking the prices of four cryptocurrencies in its research database. According to an announcement on Tuesday, Federal Reserve Economic Data (FRED), an extensive database maintained by the central bank’s St. Louis branch, is now offering data points for bitcoin, bitcoin cash, ethereum and litecoin. The price data for the well-known and widely cited economic research database is being provided by the U.S. exchange Coinbase and is updated on a daily basis, according to the announcement. Furthermore, the database makes…