Day: October 24, 2018

EOS, Litecoin, Lumens Open for Buyers

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The accumulation in altcoins is bullish and shows the strength of underlying buy pressure. Therefore, with every decline in TRX, Litecoin, EOS and Stellar, savvy traders should find opportunity to buy with stops below immediate support. Let’s have a look at these charts: EOS Price Analysis Even with the widespread use of Bancor’s PEG Network that allow third party developers to integrate and create in-app autonomous trading and liquidity of any tradable digital assets. Besides this simple integration, users can create custom asset peg tokens, EOS is yet to recover.…

Blockstack Looks to Boost Decentralized App Usage Through New App …

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As a company looking to give users full control over their digital rights, Blockstack is piloting a new app mining program that encourages designers to create new applications directly on Blockstack’s platform and earn rewards in bitcoin. The goal is to expand the decentralized app ecosystem while financing developers who build the most popular applications. Patrick Stanley is the head of product growth at Blockstack. Speaking with Bitcoin Magazine, he says that app mining is a system where developers are rewarded by Blockstack and other participating companies for creating platforms…

Regulators Approve Coinbase to Offer Custody Services in New York State

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Coinbase has secured approval from New York state regulators to act “as a limited purpose trust company” in the state, a press release reveals. According to the release, the New York Department of Financial Services (DFS) has officially signed off on an application for the Coinbase Custody Trust Company, a subsidiary of Coinbase Global, Inc. With the approval, Coinbase is now authorized to provide custody services in the state of New York for bitcoin, ethereum, bitcoin cash, litecoin, ethereum classic and XRP, the last of which is the only cryptocurrency…

China’s Largest Newspaper Group to Launch Blockchain Laboratory

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People Capital, the venture capital arm of People’s Daily Online — the official newspaper of the Chinese Communist Party — has signed an agreement with Xunlei Limited to use the blockchain technology for innovation and to empower the Chinese economy and the world at large. The alliance between the companies is part of a global partnership agreement signed earlier this year at the China-US Entrepreneur and Investment Summit, hosted by People’s Daily Online in the United States. People’s Daily Online is the online version of China’s largest newspaper, The People’s Daily,…

New York Judge Dismisses Case Against Nano Developers

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A New York judge has thrown out an investor’s proposed class action lawsuit against the  development team of altcoin Nano (XRB), according to court documents filed Oct. 22. The lawsuit accused the devs of luring him to trade the coin on a platform that lost hundreds of millions of dollars’ worth of the cryptocurrency. Initially, the lawsuit was filed in April by an American individual, Alex Brola, who reportedly bought $50,000 worth of XRB on Dec. 10, 2017, through Silver Miller law firm. The suit accused Nano’s core team of…

Why HTC is Only Accepting Bitcoin and Ethereum for its Blockchain Phone

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Taiwanese consumer electronics giant HTC has officially launched its first blockchain phone, which will be sold exclusively in crypto. Called Exodus 1, the blockchain mobile phone of HTC is available to consumers at a fixed price of 0.15 Bitcoin (ETC) and 4.78 Ethereum (ETH), nearing the price of the new iPhone XS that has a starting price of $999. The Exodus 1 is sold at around $975 based on the current price of Bitcoin at $6,500. However, as the price of BTC rises, the price of the phone will also…

Coinbase and Circle Launch USDC Stablecoin With Purported Full Backing in US Dollars

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Major U.S. cryptocurrency exchange Coinbase has launched the USD Coin stablecoin (USDC), making it the first stablecoin for trade on the platform, according to an announcement published Oct. 23. The underlying technology behind USDC was developed collaboratively between Coinbase and blockchain-powered payments technology company Circle. Per the blog post, Coinbase customers in supported jurisdictions can now purchase, sell, send, and receive USDC at coinbase.com and the exchange’s iOS and Android apps. Coinbase notes in the statement that its U.S.-based customers outside the state of New York are able to buy…

Swiss Financial Association Publishes Anti-Money Laundering Standards for Digital Assets

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The Switzerland-based Capital Markets and Technology Association (CMTA) has published new anti-money-laundering (AML) standards for digital assets and distributed ledger technologies (DLT) Oct. 18. CMTA is a non-profit, independent association established in Geneva earlier this year with the aim of promoting the adoption of DLT, such as blockchain, and digital assets in the financial markets. Its creation was a joint initiative from online bank Swissquote, market software provider Temenos, and the country’s largest law firm Lenz & Staehelin.   According to CMTA, the newly-published standards are designed to “clarify […]…

Crypto Collectible Game Announces New Battles. Players Get Paid If They Win

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The crypto collectible game, Blockchain Cuties, has announced Raid Boss Battles, a new everyday server event. The game promises winners will get unique ERC-20 CUTE tokens as rewards, according to their input in winning. New game features In the new battle, there is one common enemy which is a Raid Boss, a special powerful Cutie who has unique abilities. All of the players (the main requirement for them is to be level 5+ Cuties) will be able to stand against the foe. The Raid Boss can be an Ancient Black…

Ethereum, Parity Co-Founder Announces Blockchain Framework for a ‘Multi-Chain World’

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Blockchain infrastructure firm Parity Technologies’ founder Gavin Wood demoed a live blockchain launch in just fifteen minutes at the Web3 Summit in Berlin Oct. 23, TechCrunch reports. Parity is a U.K.-based blockchain infrastructure provider, known primarily for developing one of the most well-known clients for Ethereum (ETH), which Wood also co-founded. In what TechCrunch describes as “a grand gesture,” Wood reportedly launched the live blockchain demo on a brand new Mac laptop, which he is said to have torn out of its shrink wrapping in a bid to highlight just…