Day: October 24, 2018

Bitcoin Cash Association to Fund Eatbch Charity in $1,000 BCH per Month

boss

On Oct. 24, the community-driven Bitcoin Cash Association announced a new initiative where $1,000 worth of bitcoin cash will be sent to the two Eatbch campaigns in Venezuela and South Sudan every month. According to the nonprofit, the $1,000 will be divided between both organizations in order to help the Eatbch crew provide a solid foundation of generosity. Also read: Circle’s USDC Stablecoin Added to Coinbase The BCA Organization Will Donate $1K per Month in BCH The Bitcoin Cash Association (BCA) has announced the organization will begin funding the Eatbch charities…

Crypto Market to Eclipse $20 Trillion as Bitcoin Fades

boss

It’s been 10 years since bitcoin creator Satoshi Nakamoto published his white paper on bitcoin, and the global economy hasn’t been the same since. The original cryptocurrency now boasts a market cap of more than $112 billion, while bitcoin’s dominance hovers at more than 53%. But if you ask Nigel Green, founder and CEO of financial advisory firm deVere Group, which boasts $10 billion in AUM, the next 10 years will look a lot different than bitcoin’s first decade. He’s quick to attribute the “crypto revolution” to bitcoin, saying that it…

Binance Reveals Results of Crypto Donations for Flood Relief in Japan

boss

The world’s largest cryptocurrency exchange Binance has released a report on crypto donations to provide relief for West Japan following devastating floods in mid-July, according to a blog post published Oct. 24. From late June to mid-July, record downpours in southwestern Japan caused floods and landslides, wherein over 8 million people were advised to evacuate across 23 prefectures, and 225 people were confirmed dead across 15 prefectures. The floods damaged around 17,000 houses. Binance subsequently called for donations in digital currency from individuals and industry players to help residents affected…

Circle and Coinbase Launch Their Joint Stablecoin USDC

boss

Two of the largest companies in the cryptocurrency space, Circle and Coinbase, have joined forces to establish their own stablecoin, the USDC, or USD Coin. The tech startup companies are calling their joint venture the ‘CENTRE Consortium,’ which has its own website already. Circle and Coinbase: CENTRE Both Circle and Coinbase released their own individual blog posts about the joint venture and the launching of the stablecoin yesterday. The CENTRE Consortium is said to be aimed at “establishing a standard for fiat on the internet and providing a governance framework…

5 Reasons Why VanEck’s Bitcoin ETF Will Likely be Approved by SEC

boss

At a meeting with the US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX. VanEck, an investment management firm headquartered in New York that has decades of track record in the traditional finance sector and hundreds of ETFs filed under its name, outlined the following points the SEC should consider in approving its Bitcoin ETF: There now exists a significant regulated derivatives market for…

5 Reasons Why VanEck’s Bitcoin ETF Will Likely be Approved by SEC

boss

At a meeting with the US Securities and Exchange Commission (SEC) commissioner Elad L. Roisman, representatives from SolidX, VanEck, and CBOE presented five major reasons why the commission should approve the Bitcoin exchange-traded fund (ETF) filing of VanEck and SolidX. VanEck, an investment management firm headquartered in New York that has decades of track record in the traditional finance sector and hundreds of ETFs filed under its name, outlined the following points the SEC should consider in approving its Bitcoin ETF: There now exists a significant regulated derivatives market for…

Estate of Rap Group Wu Tang’s Ol’ Dirty Bastard Plans December Launch of O.D.B. Coin

boss

The estate of infamous Wu Tang Clan rapper Ol’ Dirty Bastard (O.D.B.) confirmed its Ol’ Dirty Bastard Coin (O.D.B.) will launch Dec. 1, music industry Magazine Vents reported Tuesday, Oct. 23. Originally announced in March and named Dirty Coin, the project — now known as the O.D.B. Coin — plans to use the proceeds from sales of the altcoin to fund various fan engagement projects. Cointelegraph reported at the time of the initial announcement that the issuance will be in partnership with Link Media Partners, a music A&R firm, and…

Japanese Financial Watchdog Grants Self-Regulatory Status to Local Crypto Exchanges

boss

Japan’s Financial Services Agency (FSA) has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space, Cointelegraph Japan reports Wednesday, Oct. 24. The FSA expects the self-regulatory body to set rules to protect customers’ assets, elaborate on anti-money-laundering (AML) policy, and give working guidelines to crypto exchanges. An unnamed FSA official cited by Reuters thinks that experts from JVCEA could cope better with regulations than a government body, noting that “it’s a very fast moving industry. It’s better for experts to…

Binance’s First Crypto-Fiat Exchange in Uganda Goes Live

boss

The world’s largest crypto exchange Binance has launched its fiat-to-crypto exchange in Uganda today, Oct. 24, according to an official announcement on Medium. Binance Uganda, Binance’s first fiat-to-crypto exchange in Uganda, has officially launched live trading, enabling users to buy two major cryptocurrencies — Bitcoin (BTC) and Ethereum (ETH) — with local fiat currency Ugandan shillings (UGX). The exchange had announced last week that Binance Uganda would open this week. Today’s statement reads that Binance Uganda is also a “first step” to the expansion of crypto exchange markets for a…

Crypto Markets Keep Trading Sideways, Remaining Relatively Stable Over the Past 10 Days

boss

Wednesday, Oct. 24: crypto markets have continued trading sideways today, remaining relatively stable over the past 10 days, according market capitalization data from CoinMarketCap. Most of top 20 cryptocurrencies by market cap have seen insignificant fluctuations over the past 24 hours, with many slightly in the green. Market visualization from Coin360 Bitcoin (BTC) is slightly up by 0.24 percent over the past 24 hours, trading at $6,490.90 at press time. The major cryptocurrency has seen little volatility over the day, with its price surging to as high as $6,521, following…