Day: October 24, 2018

Patience Pays: Get to Know Popular Investor Reinhardt Coetzee

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Photo: Etoro While some people strongly believe that successful trading is pure luck, some others are absolutely sure that only deep understanding of the industry, a well-developed strategy and good knowledge can bring their results. To prove it, it is enough just to study the stories of successful traders and Reinhardt Coetzee, South African Popular Investor, who has been trading on eToro since 2016, is one of the best role models for investors which can be seen from his profile. Reinhardt Coetzee’s Experience Being a technology enthusiast, Reinhardt has always been…

Tether Market Cap Now Sub-$2 Billion as Coinbase Joins Stablecoin Sprint

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Tether (USDT), the controversial USD-backed cryptocurrency that has long been the most popular “stablecoin,” continues to shed market share in the wake of its descent below dollar parity. Tether Market Cap Drops to January Low The tether token, which as recently as Oct. 9 had a market cap of $2.8 billion, now has a total valuation of less than $2 billion, representing an intramonth decline of approximately 29 percent. The last time USDT had a market cap below $2 billion was in January when the token eclipsed that threshold for…

Johnny Depp to Produce Film Within Crypto-Powered Content Distribution Platform TaTaTu

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U.S. actor and producer Johnny Depp is partnering with crypto-powered social entertainment platform TaTaTu, according to a report by film industry media Hollywood Reporter posted Monday, Oct. 22. As a part of the new agreement, the Hollywood star is going to team up with TaTaTu founder Andrea Iervolino in order to create and produce film and digital content together. According to the article, the content is set to be produced by the Infinitum Nihil film production firm owned by Johnny Depp. Andrea Iervolino, co-founder and CEO of the U.S. movies…

Tencent and Huawei-led Chinese Consortium to Launch Coinless Blockchain

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The Financial Blockchain Shenzhen Consortium (FISCO) has announced the launch of FISCO BCOS, a revolutionary coinless blockchain platform designed to meet the regulatory and operational requirements of the financial industry. FISCO, which is one of China’s largest blockchain consortiums has more than 100 members including WeBank, and tech giants Tencent and Huawei.  FISCO BCOS Technical Details Built by a FISCO Taskforce Team that includes Tencent Cloud, WeBank and Shenzhen Securities Communication, BCOS is an open-source platform that combines the functionality of a permissionless blockchain with a coinless framework such as…

Taiwan Will Issue Draft ICO Rules By June 2019, Regulator Says

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Taiwan plans to release draft Initial Coin Offering (ICO) regulation by June 2019, local English-language daily news outlet Taipei Times reported Tuesday, Oct. 23. The publication quoted plans from Wellington Koo, chairman of Taiwanese finance regulator — the Financial Supervisory Commission (FSC) — who was speaking at a meeting of the Legislative Yuan Finance Committee. “The more we regulate, the more this new economic behavior wanes,” he told members of the meeting on Oct. 22. ICOs have created tension throughout international jurisdictions keen on avoiding consumer exposure to fraud. Locally,…

Ripple Price Rises 3% as Crypto Market Valuation Jumps to $210 Billion

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Over the past 24 hours, the crypto market has added $2 billion to its valuation, rising to $210 billion. The Bitcoin price has experienced a slight increase in price from $6,370 to $6,430, supported by a minor rise in daily trading volume. Still, the volume of the cryptocurrency exchange market remains weak, with the daily trading volume of Bitcoin remaining below $3.5 billion on Coinmarketcap and $2.42 billion on CoinCap. XRP, the native currency of the Ripple blockchain protocol, has surged by around 3 percent on October 24, possibly due…

Fidelity’s Blockchain R&D Lead Just Went Full Crypto

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Hadley Stern, the executive who led Fidelity Investments’ blockchain research and development for the last three years, is joining a well-known startup in the field. Announced today, Stern has been named the first-ever chief operating officer at blockchain software startup Bloq. Stern worked for 17 years at Fidelity, most recently as a senior vice president and the managing director of the blockchain incubator at Fidelity Labs. Stern is leaving the financial services giant just as it launches a new digital asset trading and storage platform, Fidelity Digital Asset Services LLC,…

Yes, This Wu-Tang Clan-Themed Cryptocurrency Is Actually Happening

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Months after its debut, the cryptocurrency being launched by the estate of the late Wu-Tang Clan member Ol’ Dirty Bastard (ODB) is moving ahead – starting with a public pre-sale that begins this week. Back in March, performing artist Young Dirty – ODB’s son, whose real name is Barson Jones –  spoke to media outlets about the plan to create a fan-centric cryptocurrency, built on top of the TAO blockchain network and traded on the AltMarket exchange (which is hosting the pre-sale). And perhaps unlike other cryptocurrencies with celebrity backing –…

Bitcoin Price Stuck at $6.4K But Eyes Gains Against Altcoins

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Bitcoin (BTC) is again lacking clear directional bias, but may soon pick up a strong bid against ethereum and other altcoins, according to intermarket analysis. The leading cryptocurrency is now trading in sideways around $6,400 (price as per Coinbase) for the eighth day running, and is struggling to find buyers – despite having charted a bullish inverted hammer last week near the key support of $6,000. While the absence of a positive follow-through to last week’s bullish pattern is a slight cause for concern, it is still too early to…

Gavin Wood Announces ‘Impending Release’ of DIY Blockchain Tool

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Another do-it-yourself build-a-blockchain tool is about to launch. Speaking at the Web3 Summit in Berlin on Tuesday, ethereum co-founder and Parity Technologies founder Gavin Wood announced that his company’s new tool, Substrate, is weeks from release. As the technical underpinning for his interoperability protocol Polkadot, Substrate provides a generalized platform for blockchain development. According to Wood, who spoke to CoinDesk before the announcement, Substrate will help Polkadot reach its “main bet” – as a simple mechanism to allow people to build and launch their own blockchains. He told CoinDesk: “If everyone…