Day: September 22, 2018

Programmable Money: Bitcoin Cash Community Debates Oracle Driven Upgrade

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Lately, there’s been a lot of conversation directed at adding a canonical transaction ordering (CTOR) process to the Bitcoin Cash protocol. Then there’s the topic of whether or not the BCH developers should add the opcode OP_Checkdatasig (CDS) into the codebase. Some believe CDS will be beneficial to Bitcoin scripting applications and allow for all types of smart contracts and decision-based transactions. However, others think adding CDS is unnecessary, and may compromise network security. Also read: Crypto-Community Debates Bitcoin Core Bug and a ‘Forced Upgrade’ OP_Checkdatasig: The Possibility of Oracles, and…

U.S. Congressman Drafts Blockchain Development Bills

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The newly elected co-chair of the Congressional Blockchain Caucus, U.S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets. According to an official announcement, the bills focus on fostering government support for the blockchain space, clarifying money transmitter regulations and devising a tax scheme for hard forked assets. A statement from Emmer reads in part: “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to…

Novogratz Sees Bitcoin Recording 30% Increase This Year, $10,000 Next

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Billionaire investor Michael Novogratz, a legendary ex-hedge fund manager, formerly of the investment firm Fortress Investment Group, has said that the Bitcoin price will likely see a 30 percent increase by the end of 2018. Once Bitcoin surpasses major resistance levels at $6,800, $8,800, and $10,000, Novogratz stated that institutions will enter the market via trusted custodian solutions. “It’s also a bull market in institutions building the infrastructure needed for real money investors to start investing in this space… I think that in three to six months from now, there…

Coinsquare’s Investment Subsidiary Launches Two Tech-Based ETFs on TSX Exchange

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A portfolio-management subsidiary of crypto exchange Coinsquare has launched two exchange-traded funds (ETFs) on the Toronto Stock Exchange (TSX), local news agency The Globe And Mail reports September 20. Coinsquare’s subsidiary — Coin Capital Investment Management — has reportedly become the 30th ETF operator in Canada, with the launch of the Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and the Coincapital STOXX B.R.AI.N. Index Fund (THNK). The ETFs trading started on Thursday, September 20, with a management fee of 0.64 per cent on the TSX, which is reportedly the…

Crypto Market Stabilizes After $25 Bln Surge, Can Bitcoin Breach $6,800?

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Over the past 48 hours, the crypto market has increased by more than $25 billion, from $198 billion to $223 billion. Ripple and Ethereum have maintained momentum at a price range. Since September 20, the crypto market has initiated a strong corrective rally resulted by extremely oversold conditions. But, as many investors expected, the massive upward momentum of most major cryptocurrencies and small market cap assets have led the market to retrace. Stellar, Tezos, Waltonchain, and Status have recorded losses in the range of 6 to 8 percent, after demonstrating…

Taipei City Council Candidate Receives Taiwan’s First Political Donation in Bitcoin

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A Candidate for the Taipei City Council (TCC) has received the country’s first political donation in bitcoin, saying the development had both political and technological implications, Yahoo News reported on September 20, 2018. Taiwan’s First-Ever Political Donation in Bitcoins According to a September 20 Yahoo News report, a political donation has been made in bitcoin for the first time in Taiwan. Hsiao Hsin-Chen, a candidate for Taipei City Council with the minority New Power Party, announced on his Facebook page that he had received a handful of anonymous donations in…

Ethereum (ETH) Could Bear Down To $140 And Turn Into A Bull Run In A Surprise Market Dynamic

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Over the last 6 months or so, ETH has been on a bearish market, dropping from the peak of $800 to below $200 in a matter of months. This unfortunate turn of events has left many traders and analysts wondering where Ethereum’s true bottom lies. However, the crypto has improved its stand over the last few days to attain a value lingering just under $230. Why The Slump? First off, it’s good to understand that in the crypto world, an influx of tokens released into the market might upset the…

India’s Blockchain Ecosystem Suffers as Antagonistic Government Policy Brings Exodus

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The fallout from India’s regulatory position on cryptocurrencies is leading to an exit of talent, businesses and investment from the country’s blockchain space on a scale paralleled only by a prior wave of tech industry flight during the internet boom of the late 90s and early noughties. According to a recent News 18 report, a substantial number of developers, service providers and other organisations within India’s cryptocurrency and blockchain sphere have already fled, or are in the process of fleeing from India to jurisdictions with friendlier regulatory dispositions such as Thailand,…

India’s Blockchain Ecosystem Suffers as Antagonistic Government Policy Brings Exodus

boss

The fallout from India’s regulatory position on cryptocurrencies is leading to an exit of talent, businesses and investment from the country’s blockchain space on a scale paralleled only by a prior wave of tech industry flight during the internet boom of the late 90s and early noughties. According to a recent News 18 report, a substantial number of developers, service providers and other organisations within India’s cryptocurrency and blockchain sphere have already fled, or are in the process of fleeing from India to jurisdictions with friendlier regulatory dispositions such as Thailand,…

Finance Minister of Turkey Embraces ICO Hype for economical issues

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Embracing the power of cryptocurrency to economic stability  The Minister of Finance Berat Albayrak proposed a thorough research of the ICO markets as a way of boosting the Turkish Economy. There has not been much of the Turkish economy in support of cryptocurrency products or services. But the Lira has been in the news as of lately because of its dramatic decline in value over the past few weeks.    A longtime state media in Turkey that goes by the name Anadolu Agency has been able to detail the Treasury and…