Day: July 4, 2018

EU Banking Regulator Reports on Institutional Opportunities and Risks of Implementing DLT

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The European Banking Authority (EBA) has published a report, which analyzes the opportunities and risks emerging for financial institutions in using distributed ledger technology (DLT). In the report released July 3, the banking regulator analyzes the impact of fintech and DLT on financial institutions, examining two DLT use cases in international trade and so called “digital identity.” The EBA defines “digital identity” as the “information used to represent an entity in an informational system.” The EBA starts with an extensive explanation of the ways DLT can be applied in the…

the State Will Keep ‘Centralized Role’ in Money Emission

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The CEO of Russia’s largest state bank Sberbank, Herman Gref said he could not yet foresee governments “yielding their centralized role” in fiat currency creation as part of his comments on cryptocurrency. Speaking to reporters during the Astana Finance Days international conference in the Kazakhstan capital July 4, Sberbank’s Herman Gref repeated the comments he has made “many times” about cryptoassets’ future role in the economy. “Do I see a prospect of global use of cryptocurrencies as an alternative to fiat money? I don’t see it and I said it…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, July 04

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. What is the future? Cryptocurrencies, gold or fiat currencies? The debate rages on. The traditional investors continue to view digital currencies with an eye of suspicion while the crypto supporters consider it as a tool to free the society from the clutches of…

HTC Layoffs Won’t Impact Production of ‘World’s First Blockchain Phone’

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Smartphone manufacturer HTC’s recently-announced round of layoffs will not affect the development or production of the HTC Exodus, which the firm has said will be the “world’s first native blockchain phone,” CCN has learned. This week, the Taiwan-based company announced that it would be laying off 1,500 employees – nearly 25 percent of its global workforce — as it seeks to streamline and consolidate its operations. When reached for comment, a company spokesperson told CCN that the layoffs would not affect the development of the Exodus, adding: “Today’s reduction in…

EOS RAM Prices Skyrocket Amid Network Speculation

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Prices for RAM on the EOS network have skyrocketed this week, reaching as high as almost 920 EOS (around $8,160 to press time) per 1MB of RAM, as data from MarketstackD.io indicates today, July 4. EOS Ram Buying Calculator. Source: MarketstackD EOS is a cryptocurrency token and an infrastructure for decentralized applications (DApps). As of press time it is the 5th largest coin at around $8 billion market capitalization, according to Coinmarketcap. Although by today, prices have now lowered to around 480 EOS / 1MB RAM, the speculation frenzy could…

6 Million Bitcoin are Lost or Stolen, Should the Real Value of BTC Higher?

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At the Building on Bitcoin conference this week, Jameson Lopp, former lead engineer at BitGo and engineer at CasaHODL, revealed that an estimated 4 million BTC are lost and 2 million BTC are stolen. As of July 2018, a total of 6 million BTC are left inaccessible and permanently lost on the bitcoin blockchain. Given that it is not possible to hard fork the chain to recover the lost Bz, 28.5 percent of the bitcon’s fixed supply is permanently lost. Hence, the maximum supply of BTC cannot be larger than…

Crypto Market Cap Adds $13 Billion in 6 Hours with Bitcoin on the Rise

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The cryptocurrency market cap has risen from $263 billion to $276 billion in as little as six hours with Bitcoin seeing a 1.97 percent increase over the last 24 hours with a price rise of over $350 this morning according to Coinmarketcap.com. The market cap hasn’t seen this price level since June 22, 2018, signifying an overall consolidation.   Meanwhile, Ethereum is up 1.84 percent, XRP is up 1.22 percent, Bitcoin Cash has seen a 3.09 percent increase and EOS is up 3.89 percent with the only coin seeing losses in…

Feeless Trades for Three Months, Native Token on the Horizon

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Eight months after it shut its doors, the oldest Chinese cryptocurrency exchange, BTCC, is now up and running, with an ambitious rewards system that aims to attract more users to the platform. Formerly known as BTC China, the company was basically forced to cease its cryptocurrency exchange amid a crackdown on Bitcoin and cryptocurrency trade in China toward the end of 2017. While the company was able to continue operating its mining pool and mobi wallet after the closure of exchange, the business was bought out by a Hong Kong-based…

Zebpay Exchange Halts Fiat Ops as India Crypto Banking Ban Deadline Looms

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One of India’s largest exchanges Zebpay announced it was freezing Indian rupee deposits and withdrawals July 4, a day before a controversial bank ban on cryptocurrency businesses comes into effect. In a warning statement, Zebpay said current events were “beyond its control,” having previously warned users that rupee deposits and withdrawals “could” stop if the ruling from the Reserve Bank of India (RBI) went ahead. “INR deposits and withdrawals have been paused in the Zebpay app until banks allow us again,” an update to the original warning reads. On Tuesday,…

Crypto Markets Holding Gains, With Bitcoin Above $6,500

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Crypto markets are relatively stable today, July 4, as data from Coin360 shows, with Bitcoin (BTC) holding above the $6,500 price point. Most of the top coins by market cap are seeing minor gains and losses on the day to pres time. Market visualization from Coin360 Bitcoin is trading around $6,752 to press time, up almost 3 percent over the 24-hour period. After a significant uptick starting June 30, the leading cryptocurrency continues to hold comfortably above the $6,300 resistance level, which Fundstrat’s Robert Sluymer earlier this week highlighted as…