Day: October 17, 2018

85 Percent of Developers Can Alter Their Cryptoassets’ Protocol, Research Shows

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Cryptocurrency tracking resource CryptoCompare’s recent study has shown that 85 percent of crypto assets allow development teams to alter their platforms. The report was published Wednesday, Oct. 17, on CryptoCompare’s website. To create the report, CryptoCompare reviewed hundreds of crypto and blockchain projects, with experts detecting a tendency towards centralization set by utility tokens that are running on controlled servers. According to the research, as many as 85 percent of developers can change the protocol on their projects at any moment at their own discretion. Source: CryptoCompare The yearly taxonomy…

85 Percent of Developers Can Alter Their Cryptoassets’ Protocol, Research Shows

boss

Cryptocurrency tracking resource CryptoCompare’s recent study has shown that 85 percent of crypto assets allow development teams to alter their platforms. The report was published Wednesday, Oct. 17, on CryptoCompare’s website. To create the report, CryptoCompare reviewed hundreds of crypto and blockchain projects, with experts detecting a tendency towards centralization set by utility tokens that are running on controlled servers. According to the research, as many as 85 percent of developers can change the protocol on their projects at any moment at their own discretion. Source: CryptoCompare The yearly taxonomy…

BTC Futures Trading Keeps Growing in Q3, Average Daily Volume up 41% Over Q2

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Bitcoin (BTC) futures trading at the Chicago Mercantile Exchange (CME) has continued to grow in Q3, the U.S.-based exchange reported in a tweet Wednesday, Oct. 17. The CME has revealed that the average daily trading volume (ADV) of Bitcoin futures has increased by 41 percent in Q3 over Q2, while open interest (OI) — or the number of open contracts on Bitcoin futures — has risen by 19 percent in the third quarter. CME Bitcoin Futures ADV and OI in Q1, Q2, and Q3 2018. Source: CMEGroup Compared to the…

Redditors Accuse Amex of Sponsoring Anti-Crypto Tweets, But Proof Inconclusive

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Reddit users have alleged that American Express (Amex) has sponsored crypto-skeptical content on Twitter, according to a popular forum thread opened Tuesday, Oct. 16. The tweet in question was allegedly circulated through Bloomberg’s Twitter network “TicToc” on Oct. 11, and was reposted as a screenshot to Redditor u/Alexsayzz’s thread titled “Anti-crypto propaganda… promoted by American Express,” which has had 4,100 upvotes and drawn 437 comments as of press time. As the screenshot reproduced below indicates, the tweet appears to have the hallmarks of a promoted post, and is recorded as…

BTC/USD in Bull Trap, Again

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The Bitcoin-to-dollar exchange rate consolidated sideways as an extension to its intraday stable action. The pair seems to have found a decent support above 6400-fiat, but an equally stubborn resistance near 6530-fiat is holding its gains. Currently, BTC/USD is trading at 6439-fiat, down 0.54 percent from the previous day’s close. On the fundamental front, Fidelity, a multinational financial service with a Wall Street status, has revealed its plan to commit its Bitcoin trading plans for hedge funds. The event attests to institutional investors’ growing interest in adding digital currencies to…

Bitcoin News Crypto Currency Daily Roundup October 17

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Bitcoin News The rundown: Bitcoin and all major currencies – except XRP – were down in the morning; Pryvate Ltd. has launched the world’s first hybrid cryptocurrency exchange; Toyota is using blockchain technology to improve is ads campaigns; Realecoi is launching a tokenized real estate security using Securitize; COBINHOOD to launch an initial coin offering; the Internet and Mobile Association of India (IAMAI) is forming a committee to explore blockchain technology; and China’s bitcoin exchange BTCC is launching in South Korea. Here is what is happening in the cryptocurrency market…

Binance Increases Anti-Fraud Measures With Chainalysis Partnership

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Crypto compliance provider and research firm Chainalysis announced it had partnered with exchange Binance in a press release Wednesday, Oct. 17, in order to improve its detection of suspicious transactions. Binance, currently the world’s largest cryptocurrency exchange by volume, continues to expand into various international markets, being required to comply with each jurisdiction’s anti-money laundering (AML) and know-your-customer (KYC) rules. Chainalysis eases this process, the firm claims, through the use of real-time monitoring to track the provenance of each transaction made on Binance’s platform. The solution, known as know-your-transaction (KYT),…

The History of Stablecoin Tether and How It Has Lost Its $1 Peg

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Tether, a cryptocurrency that has long been a point of contention in the community, has seemingly been uppegged from the US Dollar. The stablecoin, by virtue of that very description, was linked to the US Dollar at a 1:1 ratio. Simply put, every Tether token that was minted had to be backed by a US Dollar. Concerns around the validity of Tether’s reserves of…

NOBS Will Burn Due to Oversupply, No BS

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NOBS Will Burn Due to Oversupply, No BS October 17, 2018 by Paul de Havilland NOBS will burn on October 23rd due to a lack of circulation and in line with the project’s whitepaper, according to the NOBS token development team. Also see: Dumped! HSBC Cuts Ties With Bitfinex Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Too Many NOBS Spoil the Party, Fail to Gain Penetration Ten billion NOBS ERC20 tokens were initially created, with the intention to burn any surplus NOBS should the need arise.…

Crypto Exchange Binance Adds Compliance Tools from Chainalysis

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Binance, the biggest cryptocurrency exchange by trading volume, is working with crypto compliance and investigation software provider Chainalysis to implement a new global compliance solution, the companies announced Wednesday. As part of the partnership, Chainalysis will provide access to its “Know Your Transaction” compliance software, enabling the exchange to monitor cryptocurrency transactions in real-time, according to a press release. In particular, the tool will look for potentially criminal or otherwise illicit activity. Binance’s chief financial officer, Wei Zhou, told CoinDesk that he hopes the move will “inspire” the crypto industry…