October 6, 2018

Inside the Wall Street Practice that Could Ruin Bitcoin

October 6, 2018 boss

Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, “How did we get to a place that where laws look like this?” In order to understand why Wall Street veteran and cryptocurrency advocate Caitlin Long thinks that “rehypothecation” and “commingling” are going to be much-discussed topics in the cryptocurrency industry, we must understand Long’s background. The best way to do this…

Yale’s First Blockchain Bootcamp: Building Applications and Community

October 6, 2018 boss

More than 125 students, faculty, and community members filled Kroon Hall’s Burke Auditorium on September 29 and 30, ready to dive into blockchain — the decentralized digital ledger system that’s become a hot topic in fields from finance to sustainability. They had each given up their weekend to take part in the Open Blockchain Bootcamp, an event that was the first of its kind of at Yale. Over the course of the bootcamp, which was hosted by the Yale OpenLab through a collaboration between Tsai CITY and the Yale Center…

Crypto Markets Stay Mostly Stagnant Despite This Week’s Major News for Industry

October 6, 2018 boss

Saturday, Oct. 6: crypto markets keep remain fairly stable on the day, despite this week’s major news in the industry, including institutional investments and an update from the SEC on their highly-anticipated Bitcoin ETF decisions. CNBC’s CryptoTrader host Ran Neuner commented on Twitter today that all of this week’s “good news” – such as retail brokerage firm TD Ameritrade and Ivy League U.S. university Yale moving into crypto – are “related to investment & speculation.” Neuner suggested that perhaps such news was not moving the market because the market is…

Blockstream Co-Founder: Scaling Bitcoin (BTC) Doesn’t Require A Hard Fork

October 6, 2018 boss

Sharding Could Be The Answer To Bitcoin (BTC) Scaling Even in spite of the dismal market conditions, developers and industry leaders continue to push for the maturation of blockchain technologies, which will subsequently spark the growth of the industry backing crypto assets and this up and coming innovation. One of these industry leaders is Mark Friedenbach, a Bitcoin developer and the co-founder of blockchain tech startup Blockstream, who recently hosted an event highlighting the scaling of the largest blockchain network in the world. For those who aren’t in the loop,…

New Taiwanese Exchange Rewards Users for Token Mining and Staking From Its Fee Revenue

October 6, 2018 boss

MaiCoin, the largest one stop digital asset platform provider in Taiwan, recently launched it’s MAX Exchange. The exchange initially started by offering Taiwan Dollar (TWD) to crypto pairs and it currently lists 16 crypto/TWD pairs. As part of its global aspirations, MAX Exchange has recently launched a total of 51 crypto to crypto pairs which include both USDT and TWDT stablecoin pairs. MAX Expansion While TWD fiat trading is only open to citizens of Taiwan, crypto-to-crypto pairs are now available for the global market, requiring MAX users to register with…

Pantera’s Digital Asset Fund Down 72% In 2018, Bitcoin (BTC) ‘Only’ Down 50%

October 6, 2018 boss

Pantera Capital Struggles Amidst Crypto Bear Market, Underperforms Bitcoin Pantera Capital is undoubtedly one of the leading venture funds in the cryptosphere, but its status and fame haven’t helped Pantera’s Digital Asset Fund perform any better in 2018’s tumultuous bear market, which saw many crypto assets fall victim to an 80% haircut in prices. Pantera releases some painful performance numbers for their new #crypto fund. #bitcoin #ethereum pic.twitter.com/Do6D8sxHla — Collin Crypto (@CollinCrypto) October 5, 2018 According to statistics, which were first revealed by CollinCrypto, that have since been spread all across…

Bitcoin Gradually Increased in Price in September, Case for a Bull Run

October 6, 2018 boss

Since early September, the price of Bitcoin has gradually increased from $6,100 to $6,550, testing the $6,800 resistance level on two occasions. Bitcoin experienced four dips in its price in the past 30 days and every consecutive drop in the price of the asset stabilized in a higher region than its previous decline in value. On Sept. 9, the price of Bitcoin dropped to around $6,100 during its first fall in the month. On Sept. 16, a week after the initial drop followed by a corrective rally, the price of…

Venezuela Passports Can Only Be Purchased With Petro Cryptocurrency

October 6, 2018 boss

Venezuelans seeking to escape their country’s hardships now face another hurdle: getting their hands on the government’s elusive Petro cryptocurrency to pay for their passports. New passports will cost two Petros, which is equivalent to 7,200 bolivars, or four times the national monthly minimum wage, Vice President Delcy Rodriguez said in a televised press conference from Caracas on Friday. President Nicolas Maduro announced a revamped Petro at an event last week almost eight months after what was supposed to be its initial launch date. The token is meant to be backed by…

Bitcoin’s Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder

October 6, 2018 boss

Bitcoin (BTC) protocol developer Mark Friedenbach introduced a method for Bitcoin scaling he claims will not require a hard fork at a workshop in Tokyo October 5. The new concept presented at the Scaling Bitcoin workshop, entitled “Forward Blocks,” suggests a major on-chain capacity boost by means of a Proof-of-Work (PoW) alternation that is done as a soft fork, combined with use of alternative private ledgers. The proposal describes a method for scaling that claims to be able to increase “settlement transaction volume to 3584x current levels” and improve censorship…