Month: July 2018

Decentralized Exchange Waves Scored a $6 Million Debut. Then It Got Hacked

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When a decentralized cryptocurrency exchange supports fiat tokens and courts banks, yet makes customer identification optional, all bets are off. According to data provided to CoinDesk by the blockchain project Waves, the company’s new decentralized exchange (DEX) was facilitating $6 million of crypto transactions a day in beta testing last month. That’s six times the daily volume that a rival DEX, AirSwap, boasted at its debut in April. Waves, which is incorporated in Switzerland but headquartered in Russia, also told CoinDesk its DEX had 90,000 traders using 330,000 wallets ahead…

Bitcoin (BTC) Price Watch: Make-or-Break Area of Interest

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Bitcoin Price Key Highlights Bitcoin price has been on a tear lately but appears to be hitting a strong upside roadblock around $8,000. This is around the top of its descending channel visible on the 4-hour and daily time frames. If the resistance holds, the Fib extension tool shows the next potential downside targets. Bitcoin price appears to be encountering some bearish pressure at current levels and might be forced to retreat from its climb. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to indicate that…

Bitmain Discloses Shipping and Mining Policies for a ‘Fair and Transparent Ecosystem’

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Chinese mining hardware giant Bitmain, one of the leading Bitcoin (BTC) mining firms worldwide, announced its policies for mining practices, according to an official blogpost July 25. The recent list of policies intend to show Bitmain’s commitment to providing a “fair and transparent cryptocurrency ecosystem” in terms of policies for mining hardware shipping as well as those of mining practices. Regarding shipping, Bitmain proposed four major measures including order quantity restriction, establishment of a “first-paid-first-ship” order of fulfillment, combatting “hoarding” practices, as well as publishing monthly reports on shipping updates.…

We Need to Test Blockchain Because We Are ‘Four Years Behind’

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Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Christopher Giancarlo outlined his agency’s interest in blockchain technology during a Congressional hearing Wednesday, July 25. The chairman emphasized the need for the appropriate procedures that would enable the CFTC to examine innovative blockchain tech for potential future use cases. The hearing, titled “Examining the Upcoming Agenda for the CFTC,” was convened by the House Committee on Agriculture. During the hearing, Giancarlo was asked by Congressman Austin Scott to explain the goals of LabCFTC, a dedicated hub for “engagement with the…

Bitcoin ETF Can Lead to Billions of New Capital [But Not in 2018]

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The cryptocurrency industry has been highly anticipating the debut of a bitcoin exchange-traded fund (ETF) by the end of 2018. But, some analysts believe it will not arrive until next year. Potential Impact of a Bitcoin ETF As a publicly-traded instrument, a bitcoin ETF has the ability to open a floodgate of capital from retail traders and individual accredited investors in the US public market. Dissimilar to direct investments on cryptocurrency exchange platforms, issuers of a bitcoin ETF are responsible for protecting the funds of investors and insuring them, as…

Stellar Lumens, EOS, Litecoin, IOTA, Tron Technical Analysis

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Altcoins prices are stable and while EOS, Litecoin and IOTA buyers retest key resistance lines, buyers can confidently add their Stellar Lumens longs. Odds are we might see a strong July 24 follow through today and after all, buyers are technically in charge after last week’s strong gains. As a matter of fact XLM is up four percent week over week and is second only after Bitcoin which is up 10 percent. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View Fact is,…

Blockchain-Based Betting Platform Augur Now Features ‘Assassination Markets’

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So-called “assassination markets” have now popped up on blockchain event betting platform Augur, Mashable media outlet reported July 24. Users are now betting on when certain public figures will die. Created by the non-profit Forecast Foundation, Augur launched its Ethereum (ETH) mainnet-powered predictions platform on July 9, according to Fortune. On the platform, users can make a prediction about the outcome of any event. If a user believes the outcome will happen, they buy shares with ETH. If a user believes the event will not occur, they can short the…

People Said Ethereum Could Not Be Done, but It Is a Remarkable Success

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The interview has been edited and condensed. “[..]I met Joe. Joe is the CEO of ConsenSys, and he has something about him; he is an inspirational figure, he has this ability to excite people about this future” This is how Ajit Tripathi, a partner at ConsenSys, described Joseph Lubin during the recent interview to Cointelegraph in response to a question about why he joined ConsenSys. A 53-year old Canadian-born entrepreneur is one of the most prominent figures in the blockchain space. He co-founded Ethereum, a decentralized platform for applications and…

Stellar Price Continues to Moon, Sees 10% Increase in 4 hours

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The stellar price reached a two-month high on Wednesday evening as it soared by well over 10% on major exchanges to reach a value of $0.33 on Bitfinex. Although there did not seem to be any particular news today to trigger this spike, the cryptocurrency — more accurately referred to as lumens (XLM) — has been in the news of late with considerable positive developments. XLM’s volume also increased considerably on Binance, with over $17.5 million traded as at 10PM GMT. The development from Coinbase last week had also seen…

MetaMask Browser Extension Pulled From Google Chrome Store for 5 Hours, ‘Unsure’ of Cause

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MetaMask, a browser extension for interacting with the Ethereum network, was pulled from the Google Chrome Web Store, it announced in a tweet Wednesday, July 25. The app has since been listed again, the company confirmed in a post five hours later. MetaMask is one of the oldest and widely used decentralized apps (DApps) on the Ethereum network, serving as an important gateway for the network’s users. According to MetaMask’s official Twitter account, the company is “unsure” of the reasons for Google Chrome’s decision to temporarily delist its extension from…