Day: December 4, 2018

EOS, BCH among Worst Crypto Assets as Top Coins Correct Lower

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EOS continues to face more rapid capitulation than its peer blockchain projects after falling another 11% in a day. The EOS/USD rate on Tuesday established an intraday low at 2.41-fiat, down 28.27% from its weekly high at 3.36-fiat. Meanwhile, the maximum drop noted in the EOS market capitalization this week touched $861 million, according to the data available at CoinMarketCap.com. EOS/USD 7D MARKET CAP AND PRICE | SOURCE: COINMARKETCAP.COM The downside action in the EOS market stems from uncertainties related to the blockchain that powers the token. Investors and traders are…

Scalable ‘Blockchain’ Network Seals $35 Million From Sequoia Capital, Huobi and Others

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A new blockchain-type network led by a Turing Award recipient and other academics has sealed $35 million in funding from big-name investors that include Sequoia Capital. The funding was reported by Fortune’s crypto-focused news section The Ledger on Dec. 4. Dr. Andrew Chi-Chih Yao, a Turing Award recipient who has earned the moniker of China’s “godfather of computer science,” is among those spearheading the Singapore-registered Conflux Foundation. The Turing Award is an annual $1 million prize given to a person that has exceeded in the field of computer science. The…

Former PM Calls Crypto a ‘Ponzi Scheme,’ But Underlines Importance of Blockchain

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Ehud Barak, a former Israeli Prime Minister, has compared digital currencies to Ponzi schemes, Israeli media agency Arutz Sheva reported on Dec. 3. Barak had participated in the Camp David Accords in 2000 as part of an attempt to solve the Israeli-Palestinian conflict, and now serves as the chairman of medical marijuana producer InterCure. Speaking an event hosted by Israeli financial outlet Globes in Tel-Aviv this Sunday, Barak fielded a question comparing the alleged marijuana investment “bubble” to crypto by underlining that “he would never invest” in cryptocurrencies as “Bitcoin…

Celebs and ICOs: The Makings of a Dangerous Duo

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Like many different industries, Hollywood’s involvement with cryptocurrencies and Initial Coin Offerings (ICO) has become a reality and a number of celebrities have looked to capitalize on the surge in interest and potential money to be made. As Cointelegraph has previously explored, some celebrities have gone on to achieve success in their crypto-related ventures, while others have been embroiled in the ensuing mess of failed and fraudulent projects. Caught up in Centra Tech Two major names in the entertainment industry fell victim to the fallout associated with a fraudulent ICO…

Bitcoin Investment Trust holdings fall under $1 billion the first time in 2018

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According to a report released by Diar on Dec 3, Grayscale Bitcoin Investment Trust (GBTC) has started the month on a low. For the first time this year, the trust is holding BTC worth less than $1 billion. Its new record for the lone Bitcoin Investment trust in the U.S. albeit a negative one. However, even though the firm’s investment in dollars has decreased, it has recorded an increase in the number of Bitcoin deposits. The trust which is the largest institutional investment firm is currently holding over 203,000 BTC.…

Coinbase and PayPal – A Match Made in Crypto Heaven?

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Crypto exchange giant Coinbase usually blows its own trumpet when a new option is available on its trading platform. This has not been the case however with the recent addition of PayPal as an option to withdraw fiat for a small number of its customers. There has been no official announcement however the company FAQ page has been updated with the following notice: “Beginning in November, Coinbase will add the ability for customers to link their PayPal and Coinbase accounts. Depending on country of residence, customers can either withdraw cash…

Coinbase and PayPal – A Match Made in Crypto Heaven?

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Crypto exchange giant Coinbase usually blows its own trumpet when a new option is available on its trading platform. This has not been the case however with the recent addition of PayPal as an option to withdraw fiat for a small number of its customers. There has been no official announcement however the company FAQ page has been updated with the following notice: “Beginning in November, Coinbase will add the ability for customers to link their PayPal and Coinbase accounts. Depending on country of residence, customers can either withdraw cash…

Crypto Exchange ErisX Raises $27.5 Million From Fidelity, Nasdaq Ventures and Others

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Crypto exchange ErisX has raised $27.5 million from Fidelity Investments and Nasdaq Ventures, among other investors, Reuters reports Dec. 4 Nasdaq is the world’s second largest stock exchange, while U.S. investment firm Fidelity administers over $7.2 trillion in client assets. According to Reuters, ErisX will offer both on spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as futures markets in the following year, pending regulatory approval. Nasdaq confirmed their participation to Reuters without specifying the amount of their contribution, while Fidelity has not responded to Reuters’…

How Thailand Is Staying Ahead by Regulating ICOs and Blockchain Investments

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How Thailand Is Staying Ahead by Regulating ICOs and Blockchain Investments December 4, 2018 by Jon Southurst We’ve heard talk about how countries like Thailand could become a haven for blockchain development and token-based investing — with the right regulation. But how true is this, and what’s really being done? Bitsonline spoke to Bhume Bhumiratana, technology consultant to the Securities and Exchange Commission Thailand, at Beyond Blocks Summit Bangkok to find out more. Also see: Why Binance Chose Africa to Launch its First Fiat Exchange: Wei Zhou Subscribe to the Bitsonline YouTube…

“Blockchain for Europe” Launched by Leading Global Blockchain Companies

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ADVERTISEMENTS Four leading global blockchain companies (EMURGO/Cardano), Fetch.AI, NEM and Ripple) have recently come together to establish an association representing blockchain originating organisations within Europe. With ‘Blockchain for Europe’, they hope to create a unified voice for the blockchain industry in Europe. The reason behind the launch of the association is that the policy debate in Europe has been fragmented – with inconsistent information from those outside the blockchain sector challenging consensus within it. The association’s goals are to foster the understanding within EU- and member state institutions on the…