Day: November 1, 2018

Crypto ETF Will Come When Industry Is ‘Legitimate’

boss

The CEO of investment management corporation BlackRock, Larry Fink, does not see the company offering a cryptocurrency Exchange-Traded Fund (ETF) until the industry is “legitimate,” CNBC reported Nov. 1. BlackRock is a financial planning and investment management firm that currently has $6.28 trillion in assets under management, including equity, real estate, fixed income, and cash management. Speaking at the New York Times Dealbook Conference in Manhattan on Nov. 1, Fink questioned the reasonability of launching a crypto ETF, at least until the industry becomes “legitimate.” “I wouldn’t say never, when…

New York issues first Bitcoin ATM BitLicense

boss

Coinsource, a Bitcoin teller machine firm has become the 12th company to receive a BitLicense through the New York State Department of Financial Services. Based in Fort Worth, Texas, Coinsource is an established bitcoin ATM provider with 40 teller machines ready to be operational in the state of New York already. With the issuance of this BitLicense, the company can now actively deploy these machines for consumer use. Although some major cryptocurrency companies such as ShapeShift and Kraken have pulled operations out of New York state after the BitLicense procedure was introduced citing…

Ethereum & Ripple (XRP) Plunged, Tron Led Oct. Index

boss

Twitter Facebook LinkedIn The month of October saw many altcoins continue to bleed out in price, with ethereum (ETH) and ripple (XRP) each declining by more than 10 percent. After almost ten months of mostly bearish price action in the cryptocurrency space, there was just one crypto token that managed to tread water in October — tron (TRX). Tron’s [Previously] Volatile Nature Tron’s October stability comes as a bit of a surprise for a coin that is often volatile. Earlier this year, Finder.com conducted a study ranking the top fifty…

Binance Signs Up 40,000 Crypto Traders in Its First Week in Uganda

boss

Despite global market doldrums, demand for cryptocurrency appears to be booming across Uganda, a country where nearly three out of four people don’t have bank accounts. Revealed exclusively to CoinDesk, Binance Uganda signed up 40,000 users in the first week since the world’s largest crypto exchange launched its local subsidiary in October. The early results suggest a strong appetite among unbanked Ugandans for purchasing bitcoin or ether, the two coins the new Binance unit currently lists. According to a paper by Stanford University researchers recently published in the American Economic Journal, 74…

Malta to Develop AI Strategy Following Success as ‘Blockchain Island’

boss

The Maltese government has announced the formation of a taskforce to develop a national artificial intelligence (AI) strategy, Cointelegraph reports Tuesday, Nov. 1 from the Malta Blockchain Summit. The Junior Minister for Financial services, Digital economy and Innovation, Silvio Schembri announced the launch of the governmental initiative “Malta.ai,” stating that Malta is aiming to become a top AI nation. He said that the country would develop a friendly regulatory environment for AI much in the same way as it has done for blockchain technology: “After successfully positioning Malta as the…

More Details Emerge on Oyster Protocol Exit Scam

boss

Twitter Facebook LinkedIn Oyster Protocol issued $90,000,000 worth of PRL (pearl) near the end of last year. The crypto product is designed to enable website owners to earn money by participating in the storage and securing of files within the IOTA Tangle rather than advertising. Users contribute computing resources to the website instead of viewing advertisements. The PRL is the token of exchange, used by users of the file storage platform to store files and by the network to pay providers. As earlier reported in CCN, the originator of this…

Crypto Markets See Hint Green, Top Cryptos Keep Trading Sideways

boss

Thursday, Nov. 1: crypto markets have seen a hint of green, with many of the top 20 cryptocurrencies seeing slight growth. The slight growth in markets follows a recent sell off on Monday, when the price of Bitcoin (BTC) dropped from $6,480 to as low as $6,344. While 19 out of the top 20 cryptocurrencies by market capitalization have seen some growth today, almost all of them are still firmly in the red over the past 7 days. Market visualization from Coin360 The major cryptocurrency Bitcoin is up almost 0.9…

Ethereum 2.0, Pure Casper and Never Seen Before Scalability – Vitalik Buterin

boss

Co-founder of the second largest coin – Vitalik Buterin, spoke about the most anticipated upgrade – Ethereum 2.0 project Serenity during the Ethereum developer conference Devcon 4 in Prague. According to Mr. Buterin, the project encircles various features that the team have been talking and working about for three-four years now. “…combination of a bunch of different features that we have been talking about for the past several years. We have been actively researching, building, and now, finally getting them all together.” During the speak, Vitalik highlighted out the PoS –…

John McAffee to Exclusively Promote Crypto in 2020 Race

boss

Programmer and crypto enthusiast John McAfee revealed his intention to use his 2020 bid for U.S. presidency as a platform to promote permissionless cryptocurrencies in an interview with Cointelegraph Nov. 1. Speaking with Cointelegraph at the Malta Blockchain Summit today, the founder of McAfee Antivirus Software said he plans to run “around a libertarian platform,” and use his access to the national stage solely to discuss cryptocurrencies, while expressing сonfidence that “no one will elect [him] as president.” McAfee commented that his pro-crypto stance is mainly based on the concept…

New York Grants First BitLicense to Bitcoin ATM Company

boss

Bitcoin ATM operator, Coinsource, recently received approval for a digital currency license from the New York Regulator. Bitcoin ATM Firm Receives Virtual Currency License in New York Coinsourse achieved a milestone today, as it became the first Bitcoin ATM operator to receive a digital currency license from the Department of Financial Services (DFS). According to a press release by the Department of Financial Services, on Thursday (November 1, 2018), Maria T. Vullo, Financial Services Superintendent, stated that the New York State DFS approved Coinsource’s application for a digital currency license.…