Day: November 28, 2018

Stellar, Litecoin, Monero, & Zcash Headline Major Crypto Market Rally

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero jumped nearly 16%, and Zcash was hot on its heels. Stellar…

Coinbase Launches OTC Platform, Clients Still Bullish On Crypto

boss

Since Coinbase’s inaugural day in business during June 2012, the San Francisco-based startup has become world-renowned for its penchant for innovation within the cryptosphere and Bitcoin ecosystem. And this theme has fortunately persisted to this day, even while 2018’s market predicament has brutally executed a plethora of crypto upstarts, save for Coinbase and other ‘too big to fail’ platforms. Not only has the firm continued to rake in sky-high profits, while raising millions in venture capital, but it has also expanded into novel crypto sub-industries, such as the booming institutional sector. As…

Bitcoin News Crypto Currency Daily Roundup November 28

boss

Bitcoin News The rundown: Bitcoin and all major cryptocurrencies were up in the morning; South Korea plans to build a secure blockchain-based voting system; BitTorrent begins accepting cryptocurrency for premium services; Sumitomo Corporation of Americas to use blockchain to supercharge its logistics business; Swytch launches an enterprise-ready, artificial intelligence-powered clean energy platform on blockchain; and Canada’s luxury fine jewelry brand Birks partners with BitPay to accept Bitcoin at retail stores. Here is what is happening in the cryptocurrency market on Wednesday. SEE: Vietnam-Based Lina Network Signs Agreements To Shore Up…

ICO issues the first fines to organisations that have not paid the data protection fee.

boss

The ICO has issued the first fines for not paying the data protection fee to organisations across a range of sectors including business services, construction, finance, health and childcare. All organisations, companies and sole traders that process personal data must pay an annual fee to the ICO unless they are exempt. Fines for not paying can be up to a maximum of £4,350. This follows regulations which came into force alongside the new Data Protection Act on 25 May 2018. These first organisations have been fined for not renewing their fees…

ICO issues the first fines to organisations who have not paid the data protection fee

boss

Organisations across the business services, construction and finance sectors are among the first to be fined by the ICO for not paying the data protection fee. All organisations, companies and sole traders that process personal data must pay an annual fee to the ICO unless they are exempt. Fines for not paying can be up to a maximum of £4,350. This follows regulations which came into force alongside the new Data Protection Act on 25 May 2018. These first organisations have been fined for not renewing their fees following their…

Crypto Exchanges Embrace New Stablecoin Systems against Price Volatility

boss

Crypto markets have plunged as much as 80 percent since their all-time high. Some currencies, however, were designed to protect investors from such catastrophic events. The recent market crash was an assessment of these “stablecoins” – whether they were able to keep the investments steady, or if they failed outright. The latest activities taking place inside the biggest cryptocurrency exchanges show that stablecoins succeeded to some extent. Binance, Huobi Create Special Stablecoin Protocols Malta-based global crypto exchange Binance recently announced that it would create a new stablecoins system. Per the…

Stablecoins: Bad Money For the Modern Age

boss

Stablecoins: Bad Money For the Modern Age November 28, 2018 by Evan Faggart Stablecoins — a crypto-token pegged to a fiat currency or some commodity — have become all the rage in the latter half of 2018. But they’re not really all they’re cracked up to be. In fact, stablecoins aren’t much more than a 21st century update to a terribly failed experiment from hundreds of years ago. Also read: Chinese Mining Operations Reportedly Closing Due to Crashing Crypto Markets Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders…

Crypto Valley of Asia; to attract companies from the Asia region

boss

The Cagayan Economic Zone Authority (CEZA) is an initiative of the government of the Philippines to diversify the economy. The economic zone is slowly morphing into what people call the Crypto Valley of Asia. This is an ambition similar to what the Swiss Zug has become. According to the Filipino government, the crypto valley will hopefully attract fintech companies from Japan, Korea, and Australia. Crypto Valley of Asia to attract foreign companies Further, CEZA anticipates earning a lot from the licenses that the fintech companies will apply for. The government…

U.S. FDA Eyes Blockchain to Enhance Food Safety in the Wake of E. coli Outbreak

boss

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Following an outbreak of E. coli in the United States that was linked to romaine lettuce, the Food and Drug Administration (FDA) is considering better track-and-trace methods and this includes the use of blockchain technology. Speaking to business news channel CNBC, FDA commissioner Dr. Scott Gottlieb announced that the federal agency had hired the vice president of food safety at Walmart, Frank Yiannas, as its foods…

Crypto Custody Essential For Goldman Sachs to Enter Markets

boss

Holding onto and storing digital assets for clients has become one of the key criteria in offering crypto services, at least according to Goldman Sachs. The Wall Street banking giant said that it is not any closer to offering cryptocurrency products amid this year’s bear market according to Bloomberg. The bank’s head of digital asset markets, Justin Schmidt, highlighted the need for custody as he told reporters at a New York conference; “One of the things they ask me is ‘Can you hold our coins?’ and I say ‘No, we…