Day: August 29, 2018

Origin Is Rolling Out a Decentralized Messaging App Built on Ethereum

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Origin Protocol, a blockchain project building a decentralized marketplace, has rolled out a peer-to-peer messaging application built on top of ethereum. The project wrote in a blog post on Wednesday that the open-sourced messaging function is now up and running on its marketplace demo, creating an encrypted communication channel between buyers and sellers. The technology works by utilizing users’ ethereum addresses as a public ID for sending and receiving text messages, while the content itself is encrypted via users’ private keys. However, the post adds, since the data will not…

Crypto Bear Markets Are a ‘Good Time to Get Stuff Done’

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Litecoin (LTC) creator Charlie Lee has dismissed short-term price trends as the upshot of “speculation,” stressing that long-term valuation is a truer measure of crypto’s success, in a CNBC interview August 27. When asked to what extent price is a meaningful metric for a given cryptocurrency, and whether or not it reflects the current state of its network, adoption, or viability, Lee responded that: “In the long-term, [price] tells us the success of cryptocurrencies, but short-term it doesn’t really tell us much. For example this year, there’s been so much…

Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise

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Peer-to-peer cryptocurrency exchange AirTM has raised $7 million in a Series A funding round. The Mexico-based startup, which seeks to help individuals conduct transactions and bypass traditional banking services, revealed the news Wednesday, saying it will direct the funds toward growing its reach across various markets in South America. In particular, the firm intends to target residents of nations with troubled economies, according to a press release. Berlin-based BlueYard Capital led the round, a spokesperson told CoinDesk, though they could not disclose the remaining investors. AirTM co-founder and CEO Ruben…

EOS Surges 55 Percent on Referendum System Announcement

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The EOS value today surged by more than 21 percent as a result of its decision to launch a voting system, totaling the token’s 7-day gains to almost 55 percent. The EOS/USD was trading near 5.3727-fiat at the beginning of the Asian trading session. Helped by the prevailing bullish sentiment in its own – and across – cryptocurrency market, the pair continued to trend upwards as the session matured. The European session further witnessed a favorable buying sentiment, and EOS/USD managed to establish higher high towards 6.5035-fiat. Speculators seem to…

Brazil’s Government Sends Local Cryptocurrency Exchanges a Questionnaire

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The Brazilian government has reportedly sent the country’s top cryptocurrency exchanges an inquiry in an attempt to know more about their businesses and study their potential use in money laundering. According to a report from local news outlet Portal do Bitcoin, the government has been sending the crypto exchanges a 14-point questionnaire through their contact forms for the last two weeks. The document is reportedly being sent under the Ministry of Finance’s name. The document, signed by prosecutor Ana Paula Bez Batti, warns cryptocurrency exchanges they have five days to…

Blockchain Platform Orbs Marks Strategic Expansion Into South Korea

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ADVERTISEMENTS Hybrid blockchain scaling base-layer protocols company Orbs, has announced that it has established a partnership with Ground X, the blockchain subsidiary of leading South Korean internet company Kakao, for research, development, and business cooperation. Orbs has also opened headquarters in Seoul – with five full-time employees hired to drive further business development in the Asian region. Orbs’ Branching out into South Korea, a leading global blockchain hub, demonstrates a commitment to tapping into the country’s significant blockchain talent to spearhead technical innovation in the space worldwide. Orbs will collaborate…

Russian State Pension Fund to Use Blockchain for Employment Contracts

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The Russian state pension fund (PFR), the country’s largest social service, has recently suggested implementing blockchain technology in labor relations, local news outlet Izvestiya reports Wednesday, August 29, citing the organization’s press center. The fund plans to introduce smart contracts to be used as employment contracts between employers and employees. Such agreements could be made in any of the numerous state units providing public services — the net that reportedly covers up to 97% Russia’s population. Officials told reporters that they hope blockchain technology as it would be used in…

Temporary Crypto Shop Coming to London to Raise Awareness

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The rise of cryptocurrencies has become a huge phenomenon across the world, but cryptocurrencies are yet to receive acceptance in the mainstream economic systems. Crypto experts often cite cryptocurrency awareness and education as the key to their adoption. Reality Gaming Group Opens Crypto Shop Mobile developer Reality Gaming Group has taken the initiative to promote cryptocurrencies among the people by planning to host an event in London which will focus on creating cryptocurrency and blockchain awareness. The shop where the event will be hosted will accept only digital currencies as…

Market Morning: UK, EU Extend Brexit Deadline, Sears Grabs Amazon Lifeline, James Bond IPO, Musk Cries About Crying

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UK, EU, Extend Brexit Deadline For the Third Time Who would have predicted this, after how protracted Eurozone negotiations had been with Greece? The United Kingdom and the officials from the European Union extended the finalization of Brexit terms for the third time yesterday, admitting that the divorce terms will not be ironed out by October. The original informal deadline was in June, which was then extended to October, which is now being extended to November, which eventually will be extended, probably, several more times until the deadline runs very…

Korea’s 2nd Biggest Crypto Exchange Resumes Registration, Market Improves

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Bithumb, South Korea’s second-biggest crypto exchange by daily trading volume behind UPbit, will officially resume registrations for new investors as early as this week. NH Bank, one of the largest financial institutions in the country, is set to sign an agreement with Bithumb on August 30 to provide virtual bank accounts to Bithumb users, which will allow new users to trade on the trading platform. In South Korea, cryptocurrency exchanges are required to operate virtual bank accounts so that users can withdraw and deposit Korean won without having to directly…