Day: August 21, 2018

China Updates Crypto Ranking – Bitcoin Makes Top 10

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China has updated its crypto ranking, adding two projects to the previous month’s list. Bitcoin has significantly improved, making the top 10 list for the first time. Crypto projects are ranked in three categories: technology, application, and innovation. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 33 Crypto Projects Ranked China’s Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially released its fourth crypto project ranking on Friday. The new list consists of 33 crypto projects, two more than the previous list.…

Major Cryptocurrency exchanges announced self-regulatory group

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Cryptocurrency exchanges are forming their own group to help self-regulate their growing industry. The Virtual Commodity Association, announced Monday, includes companies Bitstamp, bitFlyer USA, Bittrex, and Gemini, which was founded by the Winkevoss twins. It is set to hold its first meeting in September. The companies touted the formation of their new group as a step toward improving regulation of cryptocurrency amid criticism that regulators have been too lax. “This is the first of many steps in policing the digital asset markets and answering the call of regulators,” Yusuf Hussain, Gemini’s head…

Blockchain Startup Closes Multi-Million Dollar Funding Round Led by SoftBank, Baidu

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Blockchain marketing platform Atlas Protocol (ATP) has concluded a seed investment round of several million dollars led by SoftBank China Venture Capital (SBCVC), according to an August 20 press release. The multi-million dollar investment round, whose final amount was not disclosed, also included participation by Baidu Ventures (BV), Danhua Capital, and Fenbushi Digital. Atlas Protocol was formed by Nebulas Labs and the xGoogler Blockchain Alliance (xGBA), with co-founder of Jide Technology and the “first engineer” of Google Adwords Jeremy Zhao, as well as Professor Ronghui Gu of Columbia University, acting…

Huobi Launches New Service to Streamline Token Listing Application Process

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Singapore-based cryptocurrency exchange Huobi Group has launched a new product designed to streamline the token listing application process. According to a statement shared with Cointelegraph, the new service, which Huobi developed to provide a more transparent listing process, is called the Huobi Automated Listing Platform. Per the announcement, projects that want to list on Huobi Global or an autonomous digital asset exchange Huobi HADAX, will have to register and submit specific documentation about the project. The announcement states that the Huobi Automated Listing Platform “will not automatically list any token…

Blockchain Law Society to Launch in Order to Develop Legal Framework

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A group of South Korean blockchain experts will set up a law-based agency to explore the technology and apply it in various areas of society, local news outlet Yonhap News reports Aug. 20. According to the announcement, the association, dubbed the “Blockchain Law Society,” is set to be officially launched in South Korea this Friday, Aug. 24. The blockchain-focused organization aims to develop a legal framework for applications of distributed ledger technology (DLT), as well as to establish cooperation between various fields such as “economics, computer engineering,” and business. The…

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

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All in all, traders and investors are optimistic of a morale boosting recovery in altcoins price. Nonetheless, for that to happen then we must see strides as EOS, Litecoin and Tron buyers build up enough momentum for further higher highs past last week’s highs. IOTA and Stellar Lumens bulls might spear head this recovery on condition that today close as a bull as prices trade above 60 cents and that horizontal range along 22 cents. Let’s have a look at these charts: EOS Technical Analysis EOS Daily Chart by Trading…