Day: August 21, 2018

WeChat bans crypto content, Apple co-founder joins crypto

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China is not relenting in its push to eradicate anything to do with crypto in the country. As WeChat bans crypto content, China is now taking the ban on social media platforms. Accounts on the platform belonging to Deep Chain and another one with the backing of Node Capital were among the ones locked out. “Tonight, a group of blockchain WeChat large is blocked, including Golden Finance, Firecoin Information, Cannon Rating, Coin World Express Service, Deep Chain Finance, Daily Currency Reading, TokenClub, Wujie Block Chain,” reported Lanjiner, a Chinese news…

IRS Offshore Amnesty is Closing, But Crypto Investors Still Have Time: Expert Take

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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. This text shouldn’t be considered as legal advice. In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the…

Bitcoin Price Intraday Analysis: BTCUSD Breaks Ascending Triangle

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Bitcoin price on Tuesday continued to stay capped by a stiff resistance near $6,500. The BTC/USD pair started off today with a near-term bullish correction from intraday support near 6232-fiat. The upside looked strong during the Asian trading session and was able to go above 6500-fiat by the afternoon. However, the presence of a firm selling sentiment near the said resistance once again reversed the trend. The European session saw price slipping back to the 6400-ish range following the pullback. As BTC/USD trends sideways, it has now broken below the…

Altcoins See Red, While Bitcoin Shows Dogged Resilience

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The crypto markets are somewhat bearish today, August 21, with virtually all of the top twenty coins by market cap seeing losses of 3-6 percent on average, as Coin360 data shows. Bitcoin (BTC) continues to show relative resilience – the top coin nonetheless continues to trade below the $6,500 price point. Despite a short-lived market recovery August 17, most of this week has seen distinctly lacklustre price performance across the board. The hangover from mid-August’s market crash continues. Market visualization from Coin360 Bitcoin (BTC) is seeing virtually no change over the…

Crypto Daily News | eToro Signs 7 Premier League Soccer Teams

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In today’s edition of Crypto Daily News, we’ll cover the seven premier league teams that just signed a deal with eToro for advertising. Also, we’ll touch on the new study out that shows Bitcoin’s carbon footprint now equals a million trans-Atlantic flights. Crypto Daily News: August 21st, 2018 Premier League & eToro It’s official. We’re bringing bitcoin to football ? eToro has launched landmark partnerships with 7 Premier League clubs all paid using #bitcoin. “Blockchain can improve the experience for everyone who loves the ‘beautiful game’,” says eToro UK MD…

Dead Man’s Switch App Wins Tokyo Hackathon for Bitcoin Cash Grand Prize

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Thirty four tech-savvy engineers, enthusiasts and students gathered at Hash Hub, the co-working space in the Tokyo University neighborhood to participate in a hackathon organized and sponsored by Crypto Age, Yenom and Bitcoin.com last weekend. Also read: Yenom Launches Bitcoin Cash Library Implemented in Apple’s iOS-language Swift “Clock Wallet” Team Wins 1 BCH Prizes in BCH have been awarded to the 3 best teams able to deliver a working mobile app prototype in two days. The hashtag for the event read #ビットコインしろ in Japanese, roughly meaning “let’s Bitcoin”, except it’s imperative, so…

Global Automotive Blockchain Market Set to Reach $1.6 Billion by 2026

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The volume of the global automotive blockchain market is set to reach $1.6 billion by 2026. This estimation comes from a PR Newswire article published August 21, citing a report by Business Intelligence and Strategy Research (BIS Research). The BIS Research report forecasts that during the period from 2018 to 2026, the automotive blockchain market will grow at a Compound Annual Growth Rate (CAGR) of 65.80%, reaching $1,575 million by 2026. The research was based on a financial analysis of the key market players: Ethereum (ETH), Ripple Labs Inc., IBM…

Bitcoin ABC Calls nChain’s Bluff, Will Proceed with Contentious Hard Fork

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Bitcoin Cash development team Bitcoin ABC isn’t backing down from its plan to release a contentious software upgrade in November, despite vows from other development teams and at least one major mining pool to continue using software that is incompatible with the new ABC client. On Monday, Bitcoin ABC released version 0.18.0 of its full node Bitcoin Cash implementation, which is scheduled to be activated following the network’s scheduled November hard fork. Included in the update are several contentious features, including canonical transaction ordering and the activation of two new…

National Assembly Discusses ICO Ban and ‘Blockchain Island’

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Lawmakers in South Korea began discussing cryptocurrency once more Monday, August 20, in a meeting focusing on ending the country’s ICO ban, as well as other topics, Business Korea reports. Coming amid considerable attention on both cryptocurrency and blockchain propagation from Seoul, the National Assembly meeting saw participation from government ministries including the Ministry of Science and Information and Communications Technology (ICT). In addition to debating reallowing initial coin offerings (ICOs) to operate in the country, the parties involved are also keen to press ahead with the creation of South…

State-Funded Research Program IRAP Now Hosts Blockchain Explorer

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The Canadian government-funded research program Industrial Research Assistance Program (IRAP) is now hosting its own blockchain explorer, according to an official statement on Aug. 20. The IRAP, managed by the National Research Council of Canada (NRC), has announced that the project has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol and network that is designed to enable peer-to-peer storing and sharing of data on a distributed ledger. According to an article published on Newswire, the IPFS blockchain browser has been implemented via Catena Blockchain Suite, a product…