Day: November 19, 2018

Blockchain Network’s Hard Fork to Triple TPS and Give Users Flexible Transaction Fees

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A blockchain network is preparing for the imminent hard fork to the second version of its core system on 28 Nov – with users set to benefit from flexible transaction fees and the ability to develop their own plugins with ease. ARK has been preparing Core V2 of its platform for some time, and has stressed that its community will not be affected by the hard fork as long as they update their desktop or mobile wallets to the latest version. Upon launch, exchanges and node operators will be required…

Ripple Overtakes Ethereum as ETH Plunges 10%, Trend of Market

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Twitter Facebook LinkedIn Over the last 24 hours, Ripple (XRP) has fallen by 9.5 percent against the US dollar. Still, it overtook Ethereum (ETH) to become the second most valuable cryptocurrency in the global market. On November 17, XRP recorded an increase in value of around 8 percent during a period in which most major cryptocurrencies including both Bitcoin (BTC) and Ethereum struggled to maintain momentum. The short-term rally of XRP on Saturday allowed it to take a lead over Ethereum, comfortably surpassing ETH with a market cap of $19.1…

Bitcoin (BTC) Bloodbath Continues in Another Red Day for Cryptocurrencies

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Barely five days after the last significant price crash, Bitcoin and the rest of the cryptocurrency market is sliding downwards once again. The top-ranked cryptocurrency is down by more than $350 in the space of only a few hours. $5,000 Bitcoin Here We Come? Bitcoin has shed more than six percent from its value on Monday despite managing to accrue slight gains over the weekend. BTC seems destined to test $5,000 and is currently at its lowest price level in 2018. The last time BTC traded in the lower $5,000…

Bitcoin News Crypto Currency Daily Roundup November 19

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The rundown: Bitcoin and all major currencies were down in the morning; Pundi X to build its global corporate headquarters in Singapore; World’s largest hog producer and pork processor Smithfield Foods plans to explore blockchain technology; SwissOne Capital AG is launching the market’s first tokenized and fully-regulated index fund; COBINHOOD names new CEO; Blockchain Technology Foundation agrees to establish the world’s largest cryptocurrency currency mining center in the global cryptocurrency exchange in Paraguay; Apis Capital Management acquires blockchain intelligence and analytics division from White Company; and more. Here is what…

Thai Securities And Exchange Commission Warns Unapproved Regulators

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The Thai Securities and Exchange Commission (SEC) recently issued several warnings to unapproved regulators in the country. In the past few months, the number of companies launching new ventures in the crypto space of Thailand has grown considerably prompting the regulator to issue such warnings. The country enacted cryptocurrency regulations in May this year. However, very few crypto exchanges and newly-issued tokens seem interested in getting approval from the Thai SEC.’ Crypto Companies Not Taking Thai SEC Seriously The Thai Securities and Exchange Commission is not getting the response as…

Bitcoin Market Cap Establishes New Yearly Low, Drops to $92.53 Billion

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Twitter Facebook LinkedIn The market cap of the world’s leading cryptocurrency has established its new yearly bottom. Bitcoin on Monday continued its downtrend, and its valuation dropped to a new bearish low at $92.53 billion. At the same time, the price of the digital currency fell to an average of $5,322, according to aggregate data available at CoinMarketCap.com. Overall, the bearish action intensified the possibility of Bitcoin establishing a double bottom anytime this year. As reported on CCN last week, the forking of Bitcoin Cash has turned out to be…

China’s IT Ministry Calls for ‘Acceleration’ of Blockchain Standardization

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A document published Nov. 12 on the official website of the Cyberspace Administration of China (CAC) calls on the country to “accelerate” the development of standards for the blockchain industry. The text has been authored by the Ministry of Industry and Information Technology (MIIT)’s Zhou Ping, who is also secretary general of the China Blockchain Technology and Industry Development Forum and director of the Software Engineering and Evaluation Center at China’s Electronics Technology Standardization Research Institute. The document argues that the development of a reference blockchain architecture standard is of…

Stop Using “Transactions Per Second:” Bitcoin’s More Than That

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While bitcoin serves many functions, one its most substantial uses is as a payment system. Typically the metric that has been used to compare Bitcoin to companies like VISA, Paypal, or even newer blockchains that tout higher transaction capacity, is through how many transactions the system can handle, usually seen as transaction per second (tps). An article published on November 10, 2018, argues that not only is the three-four tps rate of Bitcoin fine, but perfectly suitable for the kind of transactions Bitcoin is catered for. While how many transactions a network…

France Building Regulations for ICOs

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In its bid to become Europe’s hub for cryptocurrency, France is developing regulations to govern ICO issuance. The move is aimed at luring new cryptocurrency-based operators to the country but at the same time protecting investors from scammers. The move by France to introduce regulations in the industry may not fare well with all the industry’s operators, but at least the nation is friendlier to digital currency unlike China, South Korea and India. Anti-ICO States The three Asian countries are among the nations that have issued a complete ban on…

Cryptocurrency Is ‘a Big Deal’ But Needs Institutional Investment, Says KPMG Report

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Netherlands-based ‘Big Four’ auditor KPMG released a bullish report on cryptocurrency Nov. 15. The report argues that institutional investors must join the industry for it to “realize its potential.” The report, dubbed ‘Institutionalization of Cryptoassets,’ focuses on why and how institutional investors should enter cryptocurrency, along with “challenges” the process faces and under what circumstances crypto could become a “full-fledged asset class.” “Cryptoassets have potential. But for them to realize this potential, institutionalization is needed,” the report’s authors argue, continuing: “Institutionalization is the at-scale participation in the crypto market of…