Day: August 20, 2018

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 20

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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. In 2018, every consecutive fall of the crypto markets was followed by a very weak recovery. This is in stark contrast to 2017, during which every fall was followed by a ‘V’ shaped recovery. The total market capitalization of all cryptocurrencies is hovering…

Crypto Exchanges Join Winklevoss Backed Self-Regulatory Group

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A group of cryptocurrency exchanges has joined up with Gemini founders Cameron and Tyler Winklevoss to launch a new industry-focused self-regulatory organization (SRO). First proposed in March, the Virtual Commodity Association aims to “foster financially sound, responsible and innovative virtual commodity markets” by developing industry standards and encouraging cryptocurrency exchanges to prevent market manipulation and other fraudulent actions. On Monday, the proposal took its next step, with Gemini launching a working group to begin developing these standards. As explained by an introductory post on the VCA’s website, the Commodity Futures…

Crypto Hedge Funds Are Down 50% According to Report

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A new report has found that most crypto hedge funds are down by as much as 50% in 2018, following last year’s market bull run. Autonomous Next: Crypto Hedge Funds Are “Underwater” The report, released by crypto research and fintech analysis firm Autonomous Research LLP, delves into the tumbling cryptocurrency market and how crypto hedge funds have taken a significant hit since the start of the year. The report states that “most crypto funds” are down at least 50% since the start of the year, and many are “rushing” to hedge…

When It Comes to Green Energy’s Blockchain Revolution, Lition Is Ahead of the Pack

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In July, The Council on Foreign Relations (CFR) — a non-partisan US-based policy think tank published a report on the important role that blockchain technology could play over the next decade as global jurisdictions work to adopt more agile policies for renewable energy. It notes that “substantial investment is flowing toward ventures that apply blockchain technology to the electric power sector” and identifies the function that startups around the world are performing in helping to innovate and modernize electric power systems. Indeed, green energy entrepreneurs recognized very quickly that blockchain…

China’s Largest Electric Bus Operator and Blockchain Firm Partner in $24 Billion Deal

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U.S. technology firm Seven Stars Cloud Group (SSC) announced it had entered a deal with China’s largest electric bus operator to provide finance services using blockchain technology August 20. In a press release, NASDAQ-traded SSC said its partnership with the National Transportation Capacity Co Ltd (NTS) would run for three years and was worth $24 billion. Part of China’s ongoing interest in electric public transport overhauls, the government plans to replace all traditional buses with electric vehicles as soon as 2021. SSC will specifically provide “fixed income lease financing-based products”…

Four Crypto Exchanges Establish Self-Regulatory Association for Digital Commodities Industry

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Crypto exchanges Gemini, Bitstamp, Bittrex, and bitFlyer USA have announced the creation of a self-regulatory organization for digital commodities, such as cryptocurrencies, Business Insider reports August 20. The new group, dubbed “Virtual Commodity Association Working Group,” aims to help large-scale investors get more comfortable with the crypto market, work on formulating industry standards, and “be a precursor to the formation of a self-regulatory organization for digital commodities like [B]itcoin and [E]thereum” Business Insider reports. The first meeting of the newly created association is set to take place in September this…

Asia’s Rising Powers the 21st Century’s Blockchain Leaders?

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Regulatory Vanguard: Asia’s Rising Powers the 21st Century’s Blockchain Leaders? August 20, 2018 by Akshay Makadiya Countries in Asia are increasingly pivoting toward becoming go-to global destinations for fintech and cryptocurrency disruptors. While other countries are turning the regulatory heat on the cryptoverse, some of the more forward-minded powers on the most populous continent on Earth are introducing new legislation to draw in blockchain and crypto companies. It’s a bid to create the next century’s leading innovations hubs.  Also read: Rising Crypto-Politico: Rep. Tulsi Gabbard Bought Crypto in 2017 Subscribe to…

Former executive deputy superintendent at the NY DFS will head the Virtual Commodity Association

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After major virtual currency exchanges joined hands to take the first steps in policing the digital asset markets through a working group, Maria Filipakis, the former executive deputy superintendent at the NY DFS will head the Virtual Commodity Association although at an interim capacity for now. While at the New York Department of Financial Services, Maria was instrumental in drafting rules and regulations for virtual currency which led to the popular BitLicense. This was a disclosed through a press release dated today August 20. Maria has worked with many other…

Major Crypto Exchanges Collaborate to Create Self-Regulatory Organization

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Four major cryptocurrency exchanges are teaming up develop a self-regulatory organization (SRO) that would work cohesively to develop rules, regulations, and to set new regulatory standards for the cryptocurrency and blockchain industry. News of the potential SRO comes several months after the idea was first proposed by Cameron Winklevoss, co-founder of the Gemini exchange. The self-regulatory organization is called the Virtual Commodity Association Working Group. It will be working to draft, and lobby, sets of regulatory measures that would reduce the amount of fraud and scams within the industry. It…

Tether’s Printing Press Has Churned Out $415 Million in August

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Controversial cryptocurrency company Tether has “printed” $415 million worth of new tokens in August, vaulting the so-called “stablecoin” into the eighth position in the market cap rankings. Tether Market Cap Hits All-Time High CCN reported last week that Tether had already issued close to $200 million worth of USDT in August, and the firm kept the virtual printing presses running in the days that followed. The firm even issued 20 million USDT on Saturday, bringing the cumulative monthly total to $415 million at the time of writing. Source: CoinMarketCap Tether…