Day: July 13, 2018

R3 Considers IPO Launch, Potential Buyers Express Interest

boss

R3, a blockchain software enterprise that leads a consortium of more than 200 members, is considering launching an initial public offering (IPO), Bloomberg reported July 13. A source familiar with the issue told Bloomberg that the firm is negotiating an IPO with advisers, while potential buyers have already expressed interest in the sale. The final decision as well as the plan, which is up to R3’s founder and CEO David Rutter and  investors, reportedly have not yet been made. The company said in a statement: “We’re not surprised about the…

Blockchain Game Releases Its Inner Wallet for Seamless User Experience

boss

On July 4, 2018, Blockchain Cuties, a new collectible crypto game on the Ethereum blockchain, released its first ever crypto wallet, according to the company’s press release. The Blockchain Cuties game was launched on April 24, 2018. The game allows players to make profit in the in-game marketplace. Сharacters, or so-called ‘cuties’ are traded or transferred among players just like a regular cryptocurrency, using Ethereum smart contracts. Cuties have their unique artifacts and abilities. Blockchain Cuties was made in a cost-efficient way, using compact encoding of gameplay data to hedge…

Texas State Securities Board Issues Cease and Desist Order to Crypto Promoters

boss

The Texas State Securities Board (SSB) has issued an emergency cease and desist order to a network of cryptocurrency-related firms, the SSB announced in an official statement July 12. SSB commissioner Travis J. Iles took emergency action on July 11, suspending a group of crypto-related companies that allegedly offered fraudulent crypto investments to state residents. According to the order, the companies are immediately suspended from offering securities in Texas until the security is registered or exempt. The order lists a Utah-based network of three companies; Mintage Mining LLC, Symatri LLC,…

5 Crypto Assets Are Soaring on Possible Coinbase Listings

boss

Cryptocurrencies generally see a price increase after being added to an exchange, but with Coinbase the rise can be meteoric – even when nothing is actually being added. The exchange announced Friday that it was looking into potentially adding cardano’s ADA token, basic attention token, stellar, zcash and 0x to its platform, and each of the tokens immediately saw double-digit percent price spikes. The increases are even more interesting considering Coinbase noted that it “cannot guarantee they will be listed for trading.” Notably, the exchange also claimed that “we are making…

Cryptocurrency Prices Soar on News Coinbase Is ‘Exploring’ Adding Five New Coins

boss

The cryptocurrency market experienced a slight bump on Friday, but five altcoins managed to break away from the pack, bolstered by the announcement that cryptocurrency exchange and brokerage giant Coinbase is “exploring” adding support for them to its several platforms. Earlier today, the San Francisco-based Coinbase announced that it is engaging with discussions with banks and regulators in a variety of jurisdictions about adding support for five new cryptocurrency tokens: cardano (ADA), basic attention token (BAT), stellar (XLM), zcash (ZEC) and 0x (ZRX). Having learned from past listing fiascos, the…

Something Strange Is Going On at a Crypto Exchange Called WEX

boss

Users of WEX, the cryptocurrency exchange built on the ashes of BTC-e, are reporting withdrawal problems, raising new questions about an already mysterious trading platform. “‏Dear Wex, when withdraws will enable ??” asked Twitter user Alireza Moosavi on Friday, joining a crowd of Wex customers complaining they couldn’t withdraw funds for the second day in a row. Ehsan Mahmoodi similarly inquired, “Hello, why withdrawal is disabled?” A third user, Hasan Gusseynov, asked the exchange, in Russian, “When will everything be ok?” The user complaints follow odd trading activity observed on the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 13

boss

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. Recommending investors to sell their Bitcoin in December of last year was against the general consensus, especially considering the lofty numbers that we were seeing back then. Similarly, telling investors to buy Bitcoin now, during sharp declines and in batches is against the…

Enterprise Blockchain Consortium R3 Mulls IPO, Outright Sale: Report

boss

Enterprise blockchain startup R3 is the latest industry firm to hold high-level discussions about taking its business public. Wall Street-Backed R3 Eyes Public Offering Citing anonymous sources familiar with the matter, Bloomberg reports that the New York-based firm has approached advisers holding an initial public offering (IPO). The sources also said that potential buyers have approached the company seeking to purchase it outright. R3 has raised more than $120 million in funding since its launch in 2014, attracting investments from a variety of high-profile financial companies including Bank of America…

Steven Cohen Invests in Crypto Hedge Fund

boss

The King has left the hedge fund building. Now, Steven Cohen, otherwise known as the ‘Hedge Fund King’, has entered the world of cryptocurrency. Yes, the headlines are true: Steven Cohen invests in a crypto hedge fund. Steven Cohen Invests in Crypto Hedge Fund Cohen, a Billionaire investor, is still technically involved in the hedge fund industry, but his latest investment is in a crypto-based hedge fund — a first for Mr. Cohen.  On July 12, Fortune published an article which stated Steven Cohen had invested in, through his VC firm,…

US DoJ Charges 12 Russian Officials With Cryptocurrency-Funded Elections ‘Interference’

boss

The U.S. Department of Justice (DoJ) released an indictment on July 13 charging twelve Russian nationals with committing federal crimes — funded by cryptocurrencies — with the aim of “interfering” in the 2016 U.S. presidential elections. According to the DoJ’s announcement, Russian officials from two units of the Russian government’s Main Intelligence Directorate (GRU) used cryptocurrencies like Bitcoin (BTC) — which they allegedly mined and obtained by “other means” — to fuel efforts to hack into computer networks associated with the Democratic Party, Hillary Clinton’s presidential campaign, and U.S. elections-related state boards…