Month: July 2018

Delaware DOJ Reaches Out to Poloniex Crypto Exchange Users ‘If They Have an Issue’

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Poloniex cryptocurrency exchange has apparently piqued the interest of the Investor Protection Unit of the Delaware Department of Justice (DOJ). As shown in an email shared with Cointelegraph, the Chief Special Investigator of the Investor Protection Unit (IPU) wrote to a list of individuals, asking them to contact him should they have any difficulties with their Poloniex account. The IPU is part of the Fraud and Consumer Protection Division, which protects the public from securities fraud, consumer fraud, and other forms of white collar crime. The IPU is specifically responsible…

Bitcoin Price Pierces $8,500, Extending Bull Run Further

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Fundstrat founder Tom Lee’s prediction that the bitcoin price would see “new highs in July” appears unlikely to materialize, but there’s no denying that the market has been showing signs of emerging from the seven-month bear market that drove cryptocurrency valuations down approximately 70 percent from their mid-December peaks. Tuesday evening, that rally took another step forward, as the bitcoin price barreled through $8,500 for the first time since May 21. On Bitfinex, the flagship cryptocurrency marched past this threshold at approximately 23:45 UTC, ultimately inching up to $8,503 before…

Why Bitcoin’s Summer Rally Is Here to Stay: Brian Kelly

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Bitcoin’s summer rally is here to stay, according to Brian Kelly, a regular contributor on CNBC’s Fast Money. The bitcoin price is now trading over $8,000, a figure unseen since late May, and CNBC correspondent Bob Pisani began the segment noting that some of the gains could be attributed to CBOE’s reapplication of a bitcoin ETF. Since the SEC normally takes 45 days to make a decision, many are expecting a decision by Aug. 15. The approval of a cryptocurrency ETF could bring a major boost to the markets, though…

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

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On a positive note, altcoins are on a recovery path and syncing with last week’s bulls. Not only are we seeing respectable gains in Litecoin, EOS and IOTA-which by the way is reversing from 90 cents, but the fact that LTC bulls are now retesting $90 is encouraging from a bull perspective. Hopefully, coin specific news would continue trickling in boosting prices in the process. Let’s look at these charts: EOS Technical Analysis EOS Daily Chart by Trading View You have to check this yourself but according to CoinFairValue, EOS’s…

Global Blockchain Spending to Hit $11.7 Billion in 2022: Report

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Enthusiasm for blockchain technology in businesses and organizations continues to gather steam, with global spending on blockchain solutions expected to rise almost tenfold between 2018 and 2022. According to market research firm International Data Corporation, the global expenditure on blockchain is expected to grow at a compound annual growth rate of 73.2% to reach a figure of $11.7 billion in 2022. This year, $1.5 billion is expected to be spent on these solutions. Worldwide Spending on #Blockchain Forecast to Reach $11.7 Billion in 2022. Learn more: https://t.co/Hv30XRWg96 pic.twitter.com/47m1YvqqNp — IDC…

Bitwise Files With US Securities and Exchange Commission to Launch Crypto ETF

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Digital asset manager Bitwise has filed with the U.S. Securities and Exchange Commission (SEC) to launch a regulated exchange-traded fund (ETF) for cryptocurrency, according to a July 24 press release. The Bitwise HOLD 10 Cryptocurrency Index will include 10 cryptocurrencies, and will track the Bitwise HOLD 10 Private Index Fund that was founded in November. According to the press release, the HOLD 10 Index captures around 80 percent of total market capitalization of the cryptocurrency market. An ETF is a marketable security that tracks a group of assets and is…

Controversial Blockchain Project Tezos to Be Audited by ‘Big Four’ PwC

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The Tezos Foundation has announced that the international professional services giant PricewaterhouseCoopers Switzerland (PwC) will conduct an external audit of its finances and operations. In an official announcement Monday, July 23, the Foundation claimed to be the “first large-scale blockchain organization” to be edited by PwC. PricewaterhouseCoopers, headquartered in London, U.K., is one of the four largest professional services networks in the world, known collectively as the “Big Four.” Self-described as a “self-amending” blockchain, Tezos has managed to raise about $232 million – the largest-ever amount at that time –…

S. Korea’s Top Telephone Company Reveals Its Own Blockchain Network

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State-owned KT Corporation, South Korea’s largest telephone company, has announced the launch of its blockchain-powered commercial network. The firm has built a blockchain layer on top of its existing nationwide network in order to make it “more secure and transparent,” according to an article by The Korea Herald published Tuesday, July 24. The news outlet reports the head of KT Blockchain Center Seo Young-il as saying that blockchain tech can be used in telecommunications for secure and efficient data management. Seo added: “The whole point of applying blockchain to networks…

Bank of England to Open New Payment System to Blockchain Users

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The Bank of England is executing a complete overhaul of its interbank payment system, and officials have now confirmed that it will open the network to fintech firms that process transactions across a blockchain network. The British central bank on Monday published a report evaluating its recent Proof-of-Concept (PoC) with several firms operating in the distributed ledger technology (DLT) space, a test intended to examine the feasibility of connecting blockchain firms to an updated version of the bank’s Real-Time Gross Settlement (RTGS) service. The RTGS facilitates settlements between financial institutions,…

One of Top IT Industry Trade Associations Publishes Blockchain Guidebook for Public Sector

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The Computing Technology Industry Association (CompTIA) has published a guidebook on blockchain technology, aimed at the public sector workers. The report, titled “Harnessing the blockchain revolution,” was released Tuesday, July 24. One of IT industry’s top trade associations, CompTIA has published a guidebook tittled “Harnessing the Blockchain Revolution: CompTIA’s Practical Guide for the Public Sector.” The report includes recommendations for federal and state governments on how “to help manage risk, drive economic development and develop a strong regulatory regime,” using blockchain tech. “Blockchain technology is perhaps the most talked about…