Day: August 29, 2018

Fifth Largest Crypto Exchange Bithumb to Reopen Account Registrations, Media Report

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Bithumb, one of the largest South Korean cryptocurrency exchanges, will open up account registrations after a month-long freeze, local media outlet Yonhap News reports Wednesday, August 29. According to a spokesperson from banking partner Nonghyup Bank, Bithumb will meet specific requirements as dictated by South Korean law in return for regaining banking support. Nonghyup had previously suspended its services for Bithumb at the end of July, rumors at the time suggesting the decision had come after the exchange lost $17 million in its most recent hack a month previously. “We…

Crypto Collectibles Site Plans to Invite Developers to Create New Games, Polls and Content

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A blockchain-based platform where crypto enthusiasts can own digital collectibles inspired by public figures is planning to open up its ecosystem to developers — in the hope that new games and competitions will be added to its burgeoning marketplace. MyCryptons launched in May 2018. The company has been developing its social media presence, and more than 2,000 tweets have been sent from its official Twitter account over recent months. These posts have often reflected topical events in the news, primarily the tumultuous state of politics in the United States. On…

Bitcoin at $7,100 as Crypto Market Hits $232 Billion, EOS Surges15%

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Over the past 24 hours, Bitcoin has rebounded from $7,000 to $7,100, remaining on top of a key resistance level which traders were concerned about. Despite the relatively strong performance of Bitcoin, tokens understandably have not performed well against both Bitcoin and US dollar on August 29, considering the massive gains they recorded earlier this week. EOS has been the third best-performing cryptocurrency on August 29, a rare sight for a major cryptocurrency, especially for a digital asset that is in the top five rankings alongside Bitcoin, Ethereum, Ripple, and…

Chinese County Establishes Blockchain Company to Develop Forestry Industry

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A county in China’s northern Sichuan province has signed a strategic cooperation contract to establish a new blockchain company in an effort to develop the forestry industry, local news outlet China Net reported August 24. The Beichuan Qiang Autonomous County of Sichuan Province and Beijing Sinfotek Group have jointly established a new company, Hangzhou Yi Shu Blockchain Technology Co., Ltd for “forestry economic development and industrial poverty alleviation.” The parties signed the cooperation contract in Hangzhou, Zhejiang Province, on August 19, China Net reports.   The newly established company is reportedly…

Blockchain Startup Civil Partners With Associated Press to Tackle Plagiarism

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As the world went digital, so did a majority of industries, as many forward thinkers sought a technology that could revolutionize legacy systems. And while a majority of industries found success through the utilization of the internet and modern technologies, the journalism industry faltered, with “fake news,” plagiarism, and the like becoming the new black. But as with any growing problem, maybe blockchain technologies can provide a solution. Civil To Combat Online Journalism Qualms In An Exciting Blockchain Venture Since the dawn of internet news outlets, plagiarism has become a common sight on every ‘corner’…

Hong Kong is Greasing Immigration Doors for Blockchain Professionals

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Job seekers worldwide with a flair and expertise in blockchain technology will be favored in Hong Kong, part of the country’s unique immigration policy seeking to attract talented professionals. This week, the Hong Kong government unveiled its first-ever ‘Talent List to attract quality people’ from around the world who specialize in 11 professions determined as the most crucial job profiles required for the country’s economic development. “Innovation and technology experts” in blockchain technology, alongside artificial intelligence (AI), data engineering, robotics, biometric and industrial/chemical engineering are among the specializations sought. The…

Binance Backs $32 Million Funding for Unicorn Founder’s Crypto Stablecoin

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Yet another stablecoin is attracting big investors. Announced Tuesday, the founder behind a $1.4 billion startup unicorn called TMON is revealing he has raised a $32 million seed round to build a stablecoin called Terra. But while a number of startups have deployed stablecoins – cryptocurrencies engineered to track the price of another asset, usually fiat currency – Terra comes with a notable addition: an existing user base. Created by Korean entrepreneurs Danial Shin, who founded and chairs TMON, one of the top e-commerce websites in South Korea, the Terra project is…

Why ICE and Starbucks’ Bakkt is Bigger News Than Bitcoin ETF

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In a recent interview, Litecoin founder Charlie Lee noted that although prices are “depressed,” it is an optimal time for developers to keep their heads down to focus on the maturation of this industry. And it seems that some innovators have done just that, as a multinational firm announced an exciting new development that will only bolster this industry over the long haul. Bakkt “Is The Biggest (Crypto) News Of The Year” Weeks ago, the Intercontinental Exchange (ICE) revealed that it had plans to launch a crypto-centric platform, by collaborating with Starbucks, Microsoft and an array…

Korean Crypto Exchange Bithumb to Restart User Registrations

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Bithumb, one of the largest cryptocurrency exchanges in South Korea, is reportedly renewing its contract with the country’s Nonghyup Bank – a move that will allow the firm to once more accept new account registrations. Korean news agency Yonhap reports on Wednesday that Bithumb and Nonghyup are planning to sign the contract on Aug. 30 in order to allow the exchange to assign new so-called real-name virtual accounts to cryptocurrency traders. As previously reported by CoinDesk, Bithumb announced the suspension of its new account registration service on July 31, putting…

Bithumb to Restart User Registrations as Bank Agrees Contract Renewal

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Bithumb, one of the largest cryptocurrency exchanges in South Korea, is reportedly renewing its contract with the country’s Nonghyup Bank – a move that will allow the firm to once more accept new account registrations. Korean news agency Yonhap reports on Wednesday that Bithumb and Nonghyup are planning to sign the contract on Aug. 30 in order to allow the exchange to assign new so-called real-name virtual accounts to cryptocurrency traders. As previously reported by CoinDesk, Bithumb announced the suspension of its new account registration service on July 31, putting…