Day: September 24, 2018

Andreessen Horowitz Invests $15 Million in MakerDAO’s Cryptocurrency

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Andreessen Horowitz has made a major investment in a cryptocurrency project that algorithmically adjusts the supply of coins to keep their value stable. The American venture capital firm, which has invested in crypto startups like CryptoKitties and OpenBazaar in the past, purchased 6 percent of the total supply of MKR tokens through its $300 million crypto fund, a16z. The fund committed a total of $15 million to the MakerDAO project and marked their investment as a “strategic purchase.” Holding MKR tokens will offer a16z the rights to govern MakerDAO and…

South American Crypto Exchange Buda.com Seeks Help of Colombian President for Reopening

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South American cryptocurrency exchange Buda.com has requested Colombian President Iván Duque to help reopen its operations in the country, local news outlet La Republica reported September 21. Digital currency exchange Buda.com — which boasts around 35,000 accounts in Colombia — ceased its operations on June 20 after the country’s banks decided to close all the exchange’s accounts “for the lack of guarantees.” The move was reportedly spontaneous; banks confirmed they closed the accounts without providing further explanation. The exchange subsequently experienced technical difficulties, while a letter from a Colombian financial…

Bitcoin mining AntPool to sponsor NBA’s Huston Rockets

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AntPool, a Chinese crypto-currency and Bitcoin mining company, announced its official sponsorship of the Houston Rockets for the 2018-2019 NBA season. The company plans to expand into the U.S. market through Houston. The company has pointed to the city’s population growth, economy and business-friendly regulations when considering where to develop their American footprint. “As far as professional sports teams go, the Houston Rockets are legendary across the globe and what better way to continue the momentum of our U.S. expansion than partnering with the prolific Houston Rockets basketball club, the…

Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency

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Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time. And it doesn’t seem as if this trend will die down anytime soon. What Is Cryptojacking? Cryptojacking has asserted itself in the cybersphere as the valuation of the cryptocurrency sector soared over the past 18 months and refers to where a hacker hijacks the processing power of a computer to mine cryptocurrency on the hacker’s behalf.…

Bitcoin Investors and Speculators Maintained Their Positions Over Summer

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Bitcoin (BTC) investors and speculators held their positions over the summer, while markets seem to have become more stable overall, according to a new study by Chainalysis published September 24. The data presented in the report was compiled using the concept of standardized monetary aggregates. Specifically, the analysts categorized coins from the most liquid (coins used for speculation and transactions) to less liquid (coins held for investment), and the least liquid (lost coins, or coins yet to be mined), subsequently categorizing the money supply into monetary aggregates. Per the study,…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, Dash: Price Analysis, September 24

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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. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Since 2013, Bitcoin has seen a sharp rally in the last quarter of every year, barring 2014. In 2013, the rise was 486.74 percent, in 2014, the leading cryptocurrency declined marginally by 16.69 percent. In 2015, the gain was 81.24 percent, while in 2016…

NBA’s Houston Rockets Land Sponsorship Deal with Bitcoin Mining Subsidiary AntPool

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Bitcoin mining company AntPool, owned by Bitmain, one of the largest manufacturers of mining rigs in the world, landed a sponsorship deal with professional U.S. basketball team the Houston Rockets, The South China Morning Post reported on September 24, 2018. Bitmain Sponsors NBA’s Houston Rockets Bitmain Technologies, the world’s biggest supplier of cryptocurrency mining equipment, is looking to help push its industry into the mainstream through a sponsorship deal with professional U.S. basketball team the Houston Rockets. According to a September 24 report from the South China Morning Post, AntPool,…

Bitcoin Price Analysis: Potential Reaccumulation Could Test Bear Trend

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Last week, after a devastating move that shook the market violently up and down for a 7% move in just a few short minutes, bitcoin saw a major sign of strength as it proceeded to have a slow, but steady markup where it managed to establish a local high in the $6,800s: Figure 1: BTC-USD, Hourly Candles, Shakeout Prior to Markup This shakeout forced the market to temporarily establish a new monthly low in what could be argued to be a stop-hunt prior to the move to the $6,800s. Sitting…

Fan Token Releasing for Juventus

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Juventus soccer club is giving fans something different to shout about. The Italian soccer club announced today that it will launch its own fan token. Rival Paris Saint-Germain made a similar announcement two weeks ago, so why is football becoming increasingly interested in the cryptocurrency sector? There is one thing for sure that is positive about football’s involvement in crypto. It can help to promote the mainstream capabilities and adoption of cryptocurrency. Let’s check out exactly what Juventus is doing with its fan token and what does it do? Juventus Will Launch a…

Major Thai Bank to Test Visa Blockchain Solution for Cross-Border Payments

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Thailand’s fourth largest bank, Kasikornbank, has recently joined the blockchain-based Visa B2B Connect program for cross-border payments, local newspaper The Nation reported Thursday, September 20. According to The Nation, Kasikornbank is the “first” bank in the country to use the technology, setting the stage for a more widespread use of blockchain in the country’s banking sector. Suripong Tantiyanon, Visa’s country manager in Thailand, expressed his opinion on the partnership, noting that Visa B2B will support developments in “security, governance, and distributed ledger technology.” According to senior vice president for Kasikornbank…