Day: September 8, 2018

What to Expect If Ether Futures Become a Reality?

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Less than a year after the launch of the first ever futures contracts for Bitcoin, Ethereum could be the second cryptocurrency to be traded on regulated futures exchanges. It’s understood that the Chicago Board Options Exchange (CBOE), the same platform that launched Bitcoin futures in December 2017, is waiting for the green light from the Commodities Futures Trading Commission (CFTC) to launch Ethereum options by the end of 2018. The CBOE will base its ETH contracts on the Gemini cryptocurrency exchange market — the base it already uses for its…

Los Angeles Dodgers Baseball Team to Hold Giveaway of Player Crypto Tokens via ETH

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The Los Angeles Dodgers, a U.S. professional baseball team, will hold a giveaway of crypto-based athlete tokens at the end of this month, according to an official press release on Dodger Insider September 7. The statement reports that Dodger fans will be able to get tokens — representing Dodgers players — convertible to Ethereum (ETH) during the game against the San Diego Padres scheduled on September 21. During the so-called “Digital Bobblehead Night,” guests will be able to download tokens of such athletes as pitcher Clayton Kershaw, third baseman Justin…

Dash gains 5% amid the bearish markets due to massive adoption

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Dash gained 5.27% in the last 24 hours to trade above $180 amid the current bearish markets. The gains may be attributed to the recent massive adoption, where about 3,000 businesses worldwide accept the coin’s payments, with nearly half of them located in Venezuela. As such, this may propel the coin’s price above its previous all-time highs at $1,000. Over the past two days, the total cryptocurrency market cap plunged to $201 billion as bitcoin lost over 10%, moving closer to its yearly low at $192 billion. This decline started…

The Big Legal Issue Blockchain Developers Rarely Discuss

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Mark Radcliffe and Victoria Lee are partners at the law firm of DLA Piper.  Software licensed under open source licenses (OSS) is fundamental to the success of blockchain projects. Such licenses permit collaborative, decentralized development, encourage swift adoption by users and enable the community to “fork” the project to resolve strategic disputes. In fact, OSS licenses are used by both of the two major public blockchains, ethereum and bitcoin, as well as many other major blockchain projects, including the HyperLedger programs and R3’s Corda. However, OSS licenses are generally quite…

What Next for Ethereum (ETH)?

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Ethereum (ETH) has had a rough week in the crypto markets. On the 5th of September, right before the whole market lost close to $40 Billion in a day, ETH was valued at $280 and seemed to have considerable support at that level. Then the news hit that Goldman Sachs have decided not to proceed with plans for a Bitcoin (BTC) and Crypto trading desk. The entire market tanked. ETH fell in the markets to current levels of $219 as the news about Goldman Sachs have since been declared as…

Wha Next for Ethereum (ETH)?

boss

Ethereum (ETH) has had a rough week in the crypto markets. On the 5th of September, right before the whole market lost close to $40 Billion in a day, ETH was valued at $280 and seemed to have considerable support at that level. Then the news hit that Goldman Sachs have decided not to proceed with plans for a Bitcoin (BTC) and Crypto trading desk. The entire market tanked. ETH fell in the markets to current levels of $219 as the news about Goldman Sachs have since been declared as…

Burning of Long-Term Holders “Bitcoin Castle” Marks Beginning of new era

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On September 7, 2018, a “Bitcoin Castle” was engulfed in a blaze. Bright orange flames shot out of the roof of the 600-year-old Grand Manor Malla silhouetted against the twilight of the Estonian sky. Sirens from fire trucks and ambulances rang in the background, but when all was said and done, the manor was no more. A Space for the Future Margaryta Ievdokymova, a blockchain entrepreneur who was at the castle, first witnessed the flames. “I saw the roof catch fire and heard sirens in the background.” She told BTCManager…

Blockchain law and regulation roundup

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Allowing me to extend my August hiatus by a week, Alan Cohn hosts the 229th episode of The Cyberlaw Podcast. He takes a deep dive into all things blockchain and cryptocurrency discussing recent regulatory developments and best practices for users of exchanges. The episode begins by looking at the landmark decision coming out of the New York Eastern District Court in favor of the Commodity Futures Trading Commission (CFTC). Charles Mills provides an overview of the recent New York federal court decision and CFTC victory against Cabbage Tech, Corp. d/b/a Coin Drop Markets and…

Bitcoin Price Stabilizes at $6,400 While Analyst Sticks to Crypto Downtrend

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Since falling from $7,400 to $6,300 on September 6, Bitcoin has stabilized in the $6,400 region, providing the crypto market with a small breathing room. Bitcoin has been fairly stable at $6,450 throughout the past 48 hours, recording a movement that has allowed tokens to minimize losses against BTC and other major cryptocurrencies. Still, Edward Morra, a widely recognized technical analyst in the crypto community, has said that Bitcoin and the rest of the market are still on a clear downtrend. Overoptimism Could Hurt Bitcoin From August 8 to August…

This Tech Lets You Send Any Cryptocurrency to the Lightning Network

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Did you know? Lightning addresses and bitcoin addresses are not compatible. What that means is that a user can’t send money from their lightning address directly to a recipient bitcoin address, or vice versa, without going through an additional step to transferring their lightning funds into a bitcoin account of their own. Seems counterintuitive, especially since the layer-two technology for transacting off-chain, is touted as a way to revolutionize the protocol to scale – more users and more transactions. And yet, there’s this incompatibility between new off-chain lightning transactions and old-school…