Day: August 27, 2018

Huobi Acquires Controlling Share in Investment Company via Backdoor Listing

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Chinese cryptocurrency exchange Huobi has reportedly acquired the controlling stock interest in Hong Kong-based Pantronics Holdings Ltd. through a backdoor listing deal, local news outlet JRJ.com reported August 27. A backdoor listing, which is also known as a reverse takeover or reverse Initial Public Offering (IPO), allows a privately held company to purchase a publicly traded company avoiding the public offering process, regulatory issues, and due diligence. Upon completion of the deal, the buyer gains automatic inclusion on a stock exchange. Huobi reportedly acquired 73.73 percent of Pantronics Holdings Ltd.,…

Bitcoin is closer to mainstream than ever before

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Cryptocurrencies have taken the world by storm. Between January 2017 and December 2017, the price of Bitcoin rose by over 2,000%—from $953 to $20,089. Right now, the market cap of Bitcoin alone is over $120 billion. However, the most exciting part of blockchain technology isn’t Bitcoin rather, the way it can be applied to change the world we live in. Useful crypto properties There are a number of reasons that blockchain technology is playing an increasing role in our society. Perhaps the most obvious benefit of the blockchain and the core concept…

Crypto-Funded Brave Browser Hits 10 Million Downloads in Google Play Store

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Brave Software has announced that its eponymous web browser has been downloaded from the Google Play Store 10 million times, doubling its user base in just four months. This was revealed in a post on its official Twitter handle last Friday. Brave Ambitions In May, CCN reported that the browser hit 5 million downloads in the Google Play Store, barely six months after hitting the 1 million download mark. The ad-blocking browser, which rewards readers and content publishers with its Basic Attention Token (BAT) aims to revolutionize the internet’s present…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, August 27

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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. Can Bitcoin witness a scorching rally in the remaining part of the year? Tom Lee, Head of Research at Fundstrat Global Advisors certainly thinks so and he has his reasons. He is still hopeful that the leading digital currency can reach $25,000 by…

Ethereum and EOS Only Have 8 dApps in Total With 300+ Active Users

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According to Kevin Rooke, a cryptocurrency researcher, Ethereum and EOS currently have a combined eight decentralized applications (dApps) with more than 300 active users. Yet, both blockchain networks have multi-billion dollar market valuations with Ethereum at $28 billion and EOS at $4.6 billion. Are Current dApp Usage Rates Not Important? Last year, Coinbase co-founder and former Goldman Sachs trader Fred Ehrsam stated that Ethereum would need to scale by 100-fold in order to handle large-scale dApps on its network with millions of active users. For instance, Visa has around 880…

New Data From CFTC Shows Bearish Bitcoin Futures Are on the Decline

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Bearish positions for non-commercial contracts of Bitcoin (BTC) futures are on the decline, according to the latest Commitments of Traders (COT) report released by the U.S. Commodity Futures Trading Commission (CFTC) August 24. For the week ending August 21, the report shows that the net position on BTC futures declined by 1,266. Short positions fell by 210 contracts to 3,426 as compared with the previous week, with long positions up by 56 contracts at 2,160. As shown by the negative total tally, the market is still overall net short, yet…

EOS The World Turns – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. @2021 CoinDesk English Source

Most Top 20 Coins Back in Green, Bitcoin Above $6,700

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Monday, August 27: crypto markets have seen another recovery attempt, with all of the top 20 coins by market cap in the green, according to data from CoinMarketCap. After suffering a slump yesterday, crypto markets are back to green, with IOTA (MIOTA), Cardano (ADA), and EOS (EOS) seeing the biggest gains among the top 10 coins, while Bitcoin (BTC) has broken back above the $6,700 point. Most of the top ten coins are seeing only slight gains between 1 and 2 percent on the day. Market visualization from Coin360 The…

DOJ Special Agent Empathizes With Bitcoin Adoption in Venezuela

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In an interview conducted earlier this month at the Chainxchange blockchain convention, Lilia Infante, a special agent with the U.S. Department of Justice (DOJ) who pioneered the DOJ’s first Cyber Investigative Task Force looking at the use of cryptocurrencies in criminal investigations, recently discussed her views regarding the adoption of virtual currencies. Mrs. Infante expressed skepticism regarding the prospect of widespread cryptocurrency adoption in western nations, however, empathized with Venezuelan citizens using bitcoin as a means to circumvent hyperinflation. Also Read: Investments, Offshores, Foreign Trade – Russia Planning for Crypto  DOJ…

South Korea Gov’t Sponsors Blockchain Hackathon in Fresh Public Awareness Drive

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South Korea continues its drive to promote and expand uses for blockchain, announcing a hackathon to bring new ideas from the public Monday, August 27. The brainchild of the Korea Internet & Security Agency (KISA) and Korea IT Industry Promotion Agency (KIPA), the event is now accepting applications and will run in late November as part of the state-sponsored ‘Blockchain Promotion Week.’ Also supporting the scheme is the Korean Ministry of Science and ICT, which has begun a comprehensive blockchain awareness program stretching into 2019. According to local news outlet…