Day: December 20, 2018

Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto

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Changpeng Zhao called 2018 a “correction year” for crypto currencies while expressing optimism for the future of the crypto industry during a Bloomberg interview published on Dec. 19. Zhao spoke in reference to the bear market plaguing traders this year, which took a turn for the worse in mid-November when markets crashed even further. Zhao, the CEO and co-founder of major cryptocurrency exchange Binance, said that “it’s a correction year.” He noted that while “price is a very strong attraction” for speculators, the industry will grow thanks to builders who…

Following $120 Million Funding Round, Waves Token Price Jumps Over 30%

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Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that combines two basic components  — its own private blockchain platform, and the Vostok system integrator, a tool for developing and optimizing the platform. The Vostok blockchain is focused on the  deployment of Waves technologies for commercial and government IT systems. The new product will reportedly help the Waves Platform to develop new technologies…

Analysis: Crypto Investors Have Been Buying The Bitcoin (BTC) Dip

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Bitcoin “Fans” Stockpiling Amid Dip Although many have claimed that cryptocurrencies, namely Bitcoin (BTC), have finally bitten the dust in 2018’s market downturn, data indicates that many investors still see copious amounts of value in blockchain-based assets. Per a report from Bloomberg News’ Olga Kharif, which directly cited data from blockchain analytics unit Chainalysis, BTC has continued to flow into the addresses of “personal wallets,” not just exchanges. Bitcoin fans were stockpiling anew as rout hit https://t.co/RePy4bkNAc — Bloomberg Crypto (@crypto) December 19, 2018 The research group divulged that the…

Out of 460 Million Bitcoin Addresses, Only 37% ‘Economically Relevant’

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Only 37 percent of Bitcoin (BTC) addresses in its network are “economically relevant,” according to a report released by research firm Chainalysis on Dec. 19. To date the Bitcoin blockchain forms a network of 460 million addresses, which can send and receive the coin, per Chainalysis. An individual or a legal entity can have any number of Bitcoin addresses. Economically relevant addresses are controlled by individuals or services who currently own Bitcoin, and constitute only 37 percent — or 172 million addresses, — while only 27 million of these actually…

Syncing Bitcoin Nodes Instantly with Zero-Knowledge SNARKs

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A new Bitcoin scaling solution, which leverages succinct blockchains and zero-knowledge cryptography, has been proposed by a developer earlier this month.   The scaling proposal incorporates aspects developed and implemented in cryptocurrency projects Coda as well as zk-proofs, resulting in an implementation which supports an innovative type of Bitcoin client. The clients, which run this implementation, will be able to theoretically sync and validate the entirety of the chain in real time and with constant data size, regardless of the number of transactions, with full-validation security at nearly instant speeds.…

U.K. Investors to Pay Capital Gains and Income Tax on Bitcoin Investments

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Taxes The U.K. government has said that individual investors will be liable to pay capital gains tax each time they sell crypto assets such as BTC for profit. In new taxation guidelines published Dec. 19, Her Majesty’s Revenue and Customs (HMRC) also stated that digital assets received from employers in lieu of cash or gained from mining activities and airdrops will be taxed in line with existing income tax and national insurance contribution laws. Also read: Bibox Buys 100% Shares of Decentralized Exchange Dex.top Taxing Crypto-Assets Case by Case Governments throughout the…

Blockchain Journalism Project Civil to Launch in February Despite Token Sale Flop

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Blockchain media startup Civil will launch in February, despite the fact their CVL token sale failed earlier this year, according to the company’s blog post published Dec. 19. Civil is a blockchain-based platform for journalism that focuses on building a new media ecosystem with its native CVL token, which will purportedly help participants attain financial sustainability and improve trust in journalism. In today’s post, the company announced it will launch in early February, despite the fact the CVL token sale targeting an $8 million minimum did not succeed earlier this…

Dash Aids Venezuelan Adoption As 66,000 KRIP Phones Sold in 4 Months

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A KRIP K5 currently being sold on eBay. Dash has recorded yet another adoption milestone driven by special circumstances in Venezuela, with the sale of more than 66,000 KRIP mobile phones that are designed with special cryptocurrency enhancements optimised for the Dash ecosystem. According to the company, from launch in August 2018 to present, the vast majority of the devices have been sold in Venezuela, making it by far the world’s biggest market for the cryptocurrency-enabled phones. It will be recalled that in August, CCN reported that Dash signed a…

Trader: Bitcoin (BTC) Above $4k Is Dead Cat Bounce, Crypto Still In Strong Downtrend

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Meet Peter Brandt Peter Brandt is likely a name you have heard thrown around in the cryptosphere in recent years. Brandt, for those who are unaware, is a commodity markets trader with decades of experience and, a newfound(ish) Bitcoin (BTC). Although the American trader has taken a liking to the flagship cryptocurrency, nearly one year ago, on January 22nd, Brandt called for BTC to pullback drastically, citing a “general [technical analysis] rule.” At the time, in a tweet that has since garnered 3,300 likes, the chartist explained that after a parabolic advance…

Tunisian Internet Agency Signs Strategic Partnership With Blockchain Platform

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The Tunisian Internet Agency (ATI) is going provide hosting services for the Russian blockchain platform Universa, according to a press release shared with Cointelegraph on Dec. 19. Founded in 1996, the ATI is a governmental body run by the Ministry of Communications with the objective to promote Internet usage in the country. Per the release, the ATI has signed a 10-year renewable strategic partnership with the blockchain platform Universa to provide hosting services for the platform and facilitate its further development. The agreement sets up a range of objectives, wherein…