Day: July 14, 2018

Crypto Markets See Slight Gains Since Yesterday’s Upswing, Despite US Indictment FUD

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July 14: crypto markets are holding gains from yesterday’s mild upswing, with all top ten cryptocurrencies seeing slight growth over the past 24 hours, according to data from CoinMarketCap and Coin360. Market visualization from Coin360 Bitcoin (BTC) is up just over one percent over the past 24 hours, trading at $6,274 at press time. The leading cryptocurrency has been mostly trading sideways today, holding gains from yesterday’s modest rebound. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Top altcoin Ethereum (ETH) is trading at about $435, up almost one percent…

Crypto and Blockchain — Following in the Footsteps of Man’s Greatest Inventions?

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Throughout history, human civilization has gone through massive growth periods, thanks to major technological advances. The earliest — and perhaps most notable — was the discovery and mastery of fire, which is estimated to have happened around 700,000 years ago. The American Council of Science and Health cites archaeological evidence for these figures. Fire provided the impetus for Homo Sapiens to evolve, creating ‘revolutionary’ changes for early man, which may have led to the establishment of bigger settlements and the development of more intricate tools and a better quality of…

US Ranks as ‘Most Favorable’ Country for ICOs in Recent Report

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The U.S., Switzerland, and Singapore were ranked as the top three “most favorable” countries for Initial Coin Offerings (ICO) in a recent report, according to a press release the researchers shared with Cointelegraph July 14. Analysts associated with the Crypto Finance Conference compiled the research based on publicly available data of the top 100 ICOs by country in terms of funds raised and ranked them by number of projects launched. The report highlights the U.S. as the most favorable country for ICOs with a  total of 30 companies launched in…

Bitcoin Price Could Hit $15,000 This Year: Fmr. Goldman Sachs Exec.

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Christopher Matta, a former vice president of investment management division at Goldman Sachs, still maintains he would invest his mother’s money in bitcoin. A callout box on the TV screen noted Matta believes a return to $15,000 for bitcoin is attainable. Now the co-founder of Crescent Crypto Asset Management, told CNBC’s “Fast Money” in June that even for the most conservative investor, the risk adjusted returns on cryptocurrency are good compared to other asset classes, even with the volatility. Matta Urges Calm YTD Bitcoin Price Chart Since that interview, bitcoin is…

Greek Court Rules to Extradite Alexander Vinnik, Accused of Laundering $4 Bln in Bitcoin

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A Greek court has ruled to extradite the alleged former operator of crypto exchange BTC-e, Alexander Vinnik, to France, local news outlet CNN Greece reported Friday, July 13. The 39-year old Russian national Vinnik, also known colloquially as “Mr. Bitcoin,” was indicted by U.S. authorities on charges of fraud and money laundering last year, reportedly involving up to $4 billion in Bitcoin (BTC). Vinnik’s Greek lawyer Ilias Spyrliadis confirmed to Russian news agency TASS that “the court has granted France’s request for Vinnik’s extradition.” Spyrliadis also revealed that he is…

Blockchain Platform Offers Digital Collectibles of World Leaders and Politicians

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A blockchain-based platform is giving people the chance to buy unique, digital collectibles inspired by public figures and political leaders — including politicians, such as Donald Trump and Kim Jong Un, and media personalities, like Oprah Winfrey and Ellen DeGeneres. Each Crypton comes with a handcrafted image of the person it represents. Humorous or satirical “gaglines” can be added underneath and shared on social media in order to comment on matters of public interest or just to have fun. Examples of edgy captions so far have included Mark Zuckerberg (“Elections are more…

Bank of Thailand Considers Blockchain for Cross-Border Payments, Fraud Reduction

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The Governor of the Bank of Thailand (BoT), said that the bank is considering blockchain technology for various applications during a speech at the the Bloomberg ASEAN Business Summit on July 12. The central bank’s governor Dr. Veerathai Santiprabhob stated that the bank was specifically reviewing blockchain applications for cross-border payments, supply chain financing, and document authentication. According to Dr. Santiprabhob, using blockchain for cross-border payments would “improve regional financial connectivity and facilitate smoother cross-border financial services.” The BoT’s Governor also sees blockchain playing an important role in reducing fraud…

Tezos Foundation to Launch Grantmaking Process

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The Tezos Foundation has announced that it will hold their first formal call for proposals through an open grantmaking process, according to an announcement published July 13. According to the announcement, Tezos’ public call for grants will be made in August of this year, and has determined three main areas as an initial target. These include “research that furthers the Tezos protocol and related technologies,” “development of tools and applications to support the Tezos ecosystem,” and “efforts to strengthen and nurture the burgeoning Tezos community.” Within the initiative, the Foundation…

Coinbase Announces Five Possible New Assets, Makes No Guarantees For Trade Listing

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San Francisco-based cryptocurrency exchange Coinbase has announced that it is examining the addition of five new coins, according to a blog post published July 13. The trading platform is exploring the possibility of adding new assets to its trading lists, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Additionally, Coinbase said it will negotiate with local banks and regulators to add the assets to as many jurisdictions as possible. In June, Coinbase announced it will support Ethereum Classic (ETC) on their platform, after…

Bermuda Government to Introduce New Regulations on ICOs, Address ‘Legal Ambiguity’

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The Premier and Minister of Finance of Bermuda David Burt introduced new regulations on initial coin offerings (ICOs) speaking before the House of Assembly, the Royal Gazette news reports July 13. The regulatory framework describes minimum required information for ICO projects and establishes compliance measures for companies to conduct an ICO. Addressing the lower house of the Bermudian Parliament, Burt outlined regulations that would require Bermudian ICO issuers to provide detailed information about “all persons involved with the ICO.” Issuers must also disclose a review of the project, including such…