Day: August 25, 2018

Generation Z, Blockchain and Healthcare

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The emergence of blockchain technology and its related features and benefits have started being widely used and adopted in the last two years. With a range of different use cases, blockchain technology has been adopted across several industries, with prominent examples being in the world of supply chains and finance. In fact, blockchain technology is regarded as the safest, most reliable and efficient way of transferring and storing value, without any third-party involvement. While people of all ages are starting to realize the untapped potential of blockchain integration, the concept…

Crypto Isn’t Just Money – It’s a Defense Against Discrimination

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Sonya Mann works in communications and marketing at the Zcash Foundation, a financial privacy non-profit. She is a former technology journalist. For Americans, it can be easy to discount the social relevance of censorship-resistant digital assets like bitcoin. Unlike people living under authoritarian regimes, we are free to enter into commercial transactions how and when we like, right? Well, not always. Many Americans find themselves unable to access the financial system for political reasons. It’s a frustrating experience that cuts across ideological lines. Common targets of financial exclusion include sex…

State-Backed Crypto Draft is Ready, Central Bank to Soon Announce Stance on Crypto

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Iran’s National Cyberspace Center has revealed that the draft of the state-backed cryptocurrency project is ready, local news outlet Financial Tribune reports August 25. According to the article, the national digital currency project was developed on instructions from President of Iran Hassan Rouhani. Saeed Mahdiyoun, the deputy director in charge of drafting regulations for Iran’s Supreme Cyberspace Council, has reportedly revealed to local news agency IBENA that the idea of introducing a national cryptocurrency is being actively pursued by Iran’s cyberspace authority. Mahdiyoun also stated that the state authorities will…

More Than $500 Mln Tether Issued in August Is Not Impacting Crypto Markets

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New issuances of stablecoin Tether (USDT) are not currently affecting the prices of either major cryptocurrencies or smaller altcoins, Bloomberg reports August 24. In the article, Bloomberg noted that the allegations that Tether has been used to manipulate or stabilize the price of Bitcoin (BTC) — previously put forward in a paper from the University of Texas — are not holding true for the crypto markets this August. The paper, published in mid-June, had claimed that Bitcoin reached its all-time high of $20,000 due to price manipulation involving both Tether…

Bitcoin Lost: The Heroic and Maddening World of Crypto Wallet Recovery

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David Veksler of Walletrecovery.info has seen it all. News.Bitcoin.com caught up with the man many in the ecosystem call upon when the ‘you-know-what’ hits the fan. Lost seeds. Fires. Seemingly unrecoverable hard drives. Mr. Veksler views the impossible as an interesting problem, a puzzle to crack. As more folks onboard into cryptocurrency, and as prices inch up, there is a lot at stake when things go wrong with a wallet holding precious digital coins. Also read: $1.1 Million Landmark Crypto Fraud Case Establishes CFTC Jurisdiction Crypto Wallet Recovery Comes in…

Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why

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This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users, banned the accounts of cryptocurrency investors, users and businesses. At the time, Lanjinger, a local financial media outlet, reported that the accounts of Deepchain, Huobi News, Node Capital-backed Jinse and CoinDaily were suspended or taken down permanently,…

Why Some Bulls Expect Bitcoin to Fall Below $5,000 Prior to Big Rally

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Today, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $5,000 region before recovering and initiating a 2017-esqe rally to ensure that the market does not expose itself to the creation of a minor bubble. This week, ShapeShift CEO Erik Voorhees and cryptocurrency investor Anthony Pompliano, better known as Pomp, echoed the sentiment…

BTCC Founder: The Next Bitcoin Halving Will Push Prices To $60,000

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Bobby Lee: Bitcoin Set To Surpass $60k, It’s “Simple Math” The cryptocurrency market has had its fair share of bulls and bears over the years. Bobby Lee, the co-founder of the BTCC exchange and Charlie Lee‘s brother, ostensibly falls into the former category, recently issuing a series of tweets regarding his undying bullish sentiment on Bitcoin. When #Bitcoin passes the USD $60,000 price level in the coming years, it‘ll reach a total circulation value of $1 Trillion. That will be a huge #milestone for $BTC, and it‘ll lead to more…

McAfee finds a softer way to reach out to Chinese cryptocurrency investors

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With the Chinese authorities bent on ensuring a crypto-free country, the self-proclaimed crypto soldier, John McAfee, has found a softer way to reach out to Chinese cryptocurrency investors using a social media platform- Weibo. This becomes the first time McAfee joins the social media platform which can be thought of as the Chinese version of Twitter and which has more than 400 million active users on a monthly basis making it the leading social media network in China. “I am joining China’s version of Twitter @SinaWeiboI and look forward to…

SEC to Review Rejected Bitcoin ETFs, Why They Will Remain Declined

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This week, the US Securities and Exchange Commission (SEC) has said it will review nine Bitcoin exchange-traded funds (ETFs) it disapproved on August 24. The letter sent to NYSE Group senior counsel David De Gregorio by SEC secretary Brent Fields read: “This letter is to notify you that, pursuant to Rule 43 I of the Commission’s Rules of Practice, 17 CFR 20 I .43 1, the Commission will review the delegated action. In accordance with Rule 431 (e), the August 22 order is stayed until the Commission orders otherwise.” Community…