Month: September 2018

EU Markets Regulator Extends Restrictions on Selling Crypto-Based Derivatives

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The European Securities and Markets Authority (ESMA) has decided to extend its restrictions on contracts for differences (CFDs), including crypto-based ones. The agency has announced its decision in an official release published Friday, September 28. A CFD is a contract signed between a buyer and a seller, which stipulates that the difference between the current value of an asset and its value at contract time will be compensated by the seller if positive, or by the buyer if negative. According to ESMA’s release, the restrictions, which originally came into effect…

Developers Unveil Two New Bitcoin Cash Full Node Clients Written in Go

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The creators of the counterparty.cash protocol and Openbazaar developer Chris Pacia have announced two separate Bitcoin Cash full node clients written in the programming language Go (golang) — Gocoin-cash and Bchd (gcash).   Also Read: BCH Roundup: Markets and Developments Leap Ahead This Week Gocoin-cash: A Full Bitcoin Cash Solution Written in Go Language The Bitcoin Cash network has a lot of full node clients which include Bitcoin ABC, Unlimited, Bcash, Parity Cash, XT, SV, and the Bitprim implementation. Some of the clients are written in the original C++ programming language Satoshi used when the…

Bear Market? CoinMarketCap Lists Record 2,000 Active Cryptocurrencies

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The great cryptocurrency bear market of 2018 may have put a damper on speculative investor interest in this nascent asset class, but it does not seem to have led to much of a slowdown in the number of new altcoins being released on the market. CMC Reaches 2,000 Listed Cryptocurrencies To wit, cryptocurrency resource site CoinMarketCap hit a new milestone on Friday, as its market cap rankings now include data on more than 2,000 active coins and tokens, an increase of more than 600 since the beginning of 2018. A…

Japan’s Messaging Giant LINE Announces New Digital Coin and 5 Decentralized Apps

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Japanese social messaging giant LINE has unveiled 5 new decentralized applications (DApps) and a new Japan-focused digital coin. The plans were announced in a press release shared with Cointelegraph Friday, September 28. LINE’s messaging service is reported to have over 214 million active users, with 30 million in Japan already using its mobile payment service, Line Pay. The firm has today revealed that its new series of DApps will focus on a range of service categories, including “prediction, Q&A,” as well as reviews of products, food and locations. LINE’s overseas…

Was Billinaire Investor Novogratz Corrrect? Signs of Bottom in Crypto

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Billionaire investor and hedge fund legend Mike Novogratz could be right after all. Since he called a bottom in the crypto market on September 13, the market has notably recovered, fueled by large rallies of most major cryptocurrencies. Since September 13, within less than three weeks, the cryptocurrency market has recorded a major movement on the upside. Ethereum (ETH), which struggled to see a recovery in its momentum throughout August, recorded a 24.44 percent increase in value while Ripple (XRP) saw a staggering 105% surge in price. One-week performance of…

Clients File Claim Against Publicly Listed ICO Advisory Firm DigitalX

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Crypto firm DigitalX Ltd. has been served with an Originating Application and Statement of Claim. The claim was filed by a group of DigitalX’s clients in Australia’s Federal Court, according to an official announcement published September 28. DigitalX describes itself as a publicly-listed firm that offers Initial Coin Offering (ICO) advisory services, blockchain consulting services and blockchain-related software development. It is reportedly based in the Australian cities of Sydney and Perth, as well as New York, USA. In its announcement today, the firm explains that the claim has been filed…

MetaMask Adds Optional Block of Top Ethereum Decentralized App

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Cryptocurrency wallet and Ethereum decentralized app (DApp) extension MetaMask has blocked the most popular DApp for Ethereum, 333ETH. The Next Web reported on the block Friday, September 28. 333ETH promises “lifelong” payouts of Ether (ETH) to investors’ wallets via smart contracts upon an initial down payment. The latest in a series of popular Ethereum DApps to attract scam accusations, it is currently ranked the most popular on monitoring site DAppRadar. In comments on Twitter, MetaMask said it had opted to create the block, which it added it would make optional,…

UN, Sierra Leone Launch Blockchain-Based ‘Credit Bureau of the Future’

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Sierra Leone’s president Julius Maada Bio announced a new initiative to create a national, blockchain-based credit bureau. The announcement took place at the 73rd Session of the U.N. General Assembly (UNGA) Thursday, September 27. The president presented the project as being poised to “radically transform” the country’s financial inclusion landscape.  The initiative is reportedly the result of a partnership between technology non-profit Kiva, the U.N. Capital Development Fund (UNCDF), and the U.N. Development Programme (UNDP). At its center is a distributed ledger (DLT) system, dubbed ‘Kiva Protocol,’ that has been…

Google And Goldman Sach Are Investing With Blockchain Startup Veem

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Veem, a Bitcoin startup has closed its final round of funding that helped raise more than $25 million. The venture was led by top names in Silicon Valley from Goldman Sachs, GV, Silicon Valley Bank and Kleiner Perkins. The startup announced that it had closed the round of funding and was planning to launch an expansion campaign. The expansion would involve leveraging blockchain technology for secure, fast and affordable international money transfer. The expansion may involve finding a better network infrastructure for each fund transfer. Veem Technology Veem entered the…

Bupa fined £175,000 for systemic data protection failures

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Bupa Insurance Services Limited (Bupa) has been fined £175,000 by the Information Commissioner’s Office (ICO) for failing to have effective security measures in place to protect customers’ personal information. Between 6 January and 11 March 2017, a Bupa employee was able to extract the personal information of 547,000 Bupa Global customers and offer it for sale on the dark web. The employee accessed the information via Bupa’s customer relationship management system, known as SWAN. The system holds customer records relating to 1.5 million people. The employee sent bulk data reports…