Day: October 5, 2018

Bitcoin Distribution Process Was ‘Fairest’ Possible System, Study Claims

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Dan Held, co-founder of Interchange, published a summary on Thursday about the perceived fairness of Satoshi Nakamoto’s initial distribution of bitcoins. The director of the institutional-grade cryptocurrency portfolio management service argues that the Bitcoin protocol’s earliest cryptocurrency distribution processes remain the most honest and equitable to date, particularly in comparison with the methods favored by many of the premined altcoins that exist today. Also read: Bitpay Phases Out Crypto-Debit Cards for European Cardholders Constant Stream of Crypto Complaints Dan Held People are always loudly complaining about Satoshi’s early cryptocurrency distribution processes,…

Time Magazine Includes Blockchain Startup in Its 50 ‘Genius Companies 2018’ List

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American journal Time Magazine has included a blockchain startup in its recent top 50 “Genius Companies 2018″ list, published Thursday, October 4. In putting together the list, the magazine asked their editors and correspondents to name “businesses that are inventing the future.” Influence and success were among the criteria for the choice. Bitland, a blockchain startup based in Ghana, joined the list along with giants like Apple, Netflix, SpaceX and Domino’s. As Cointelegraph reported earlier, Bitland, founded by Ghana native Narigamba Mwinsuubo, uses blockchain to register local land. Bitland cooperates…

Stablecoin Tether Incurs Scam Accusations following USDT Drop

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Tether incurred severe criticism after its supposed stablecoin USDT lost its value against the U.S. Dollar. On Tuesday, the USDT/USD dropped towards 0.95 across several cryptocurrency exchanges, stirring panic among investors who were arbitraging between the crypto-assets. On the same day, a new report surfaced about Noble Bank, Tether’s banking partner, revealing its poor financial health. The Puerto Rick bank served as a fiat gateway to it, as well as BitFinex, a well-known Bitcoin exchange. But when the bank announced that it was open for sale, both Tether and BitFinex decided…

US SEC Sets November 5 Deadline for Reviewing Nine Bitcoin ETF Applications

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Disclaimer: Cointelegraph previously reported that the SEC gave Oct. 26 as the deadline for review. Cointelegraph has since updated this article to reflect the SEC’s date change. The U.S. Securities and Exchange Commission (SEC) has outlined a time frame for reviewing proposed rule changes related to a series of applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs). The review period affects nine separate ETFs that have been proposed by three different applicants, according to documents filed by the SEC yesterday, Oct. 4. The new amendments affect a…

US SEC Sets October 26 Deadline for Reviewing Nine Bitcoin ETF Applications

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The U.S. Securities and Exchange Commission (SEC) has outlined a time frame for reviewing proposed rule changes related to a series of applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs). The review period affects nine separate ETFs that have been proposed by three different applicants, according to documents filed by the SEC yesterday, Oct. 4. The new amendments affect a pair of BTC ETFs that had been submitted by ProShares in conjunction with the New York Stock Exchange (NYSE) ETF exchange NYSE Arca. The other affected applications…

New Crop of ‘Regulated’ Stablecoins are Trading at a Premium to Tether

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The next wave of USD-backed stablecoins have begun to make their way onto high-volume cryptocurrency exchanges, and early indications suggest that traders may trust them more than tether (USDT). New USD-Backed Cryptocurrencies Vie for Tether’s Crown As CCN reported, cryptocurrency firms Gemini, Paxos, and Circle have all in recent weeks launched asset-backed “stablecoins,” cryptocurrency tokens whose values are pegged to the U.S. dollar with physical assets stored in company-controlled bank accounts. All of these firms have received regulatory authorization to operate in New York, whose Department of Financial Services (NYDFS)…

Chilean MPs Present Blockchain Adoption Resolution to Parliament

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Two Chilean deputies have presented a resolution on blockchain adoption to the lower house of the country’s parliament (Camara de Diputados) on Thursday, October 4, local news website Fortin Mapocho reported. The proposed blockchain resolution project was first registered in late August. In the project proposal, the two presenting members of parliament (MPs) Miguel Angel Calisto and Giorgio Jackson, along with eight other MPs, appeal to the Chilean president Sebastian Pinera, urging him to implement blockchain in all public areas of the country. The document also offers to carry out…

Bitcoin News Summary – October 1, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.    Google is ending its ban on crypto-related adverts across the US and Japan. The ban was put in place this June. It’s expected this will boost adoption by exposing more people to crypto. Bitmain published its IPO prospectus, making public its recent financial statements. Analysis shows a net loss of nearly $400 million in the second quarter of 2018, but also a $442 million investor bailout in August. The company also claims almost 75% of the ASIC miner…

In Search of Stability: An Overview of the Budding Stablecoin Ecosystem

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Stability. The word seems to be at complete odds with the current nature of the crypto market. With its flagship coin having “died” on hundreds of occasions, volatility and meteoric price swings have come to define cryptocurrencies, as price stability, ever-elusive, is in short supply. Bitcoin’s frenetic value has given critics plenty of fodder to argue that its underlying use case, a digital currency for a digital age, is kaput. The same argument has led proponents to rebrand bitcoin as a store of value, a kind of digital gold, instead…

How Invictus Capital Is Reshaping the Landscape of Cryptocurrency Investing

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One of the impacts of the rapid, global advancement of digital asset markets has been seasons of volatility and turbulence. This creates a challenging environment for even the most astute investors in terms of managing cryptocurrency portfolios and investment strategies.  Lacking the expertise and knowledge to effectively navigate these headwinds, investors often find themselves mired in uncertainty. It is here where blockchain technology and the distributed tracking of crypto assets are receiving a wealth of attention. Use cases are emerging in this space, reshaping the landscape for how investors interact…