Day: January 18, 2019

ConsenSys Announces Two New Investments in a Bid to Win Over More Traditional VCs

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Photo: ConsenSys / Facebook Despite the recent cost-cutting ventures at ConsenSys, the company is increasing its investment activities by reaching out to independent start-ups. The Brooklyn-based ethereum venture studio announced two new investments on January 17, 2019. They put an undisclosed amount in the encryption-centric browser Tenta and $1 million in the Paris-based Coinhouse. Kavita Gupta, the managing partner at ConsenSys said that they chose the start-ups since they have bitcoin veterans serving established user-bases. The Coinhouse platform has at least 150,000 user accounts. Moreover, the CEO, Nicolas Louvet, was…

Bitcoin Price Consolidation May Have Weakened Bear Case

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Bitcoin’s eight-day stretch of consolidation looks to have weakened the prospects of a drop back to December lows near $3,100. The leading cryptocurrency by market value has been restricted to a narrow range of $3,500 to $3,700 since Jan. 11. That range play is somewhat surprising, as BTC had set the stage for a quick slide toward December lows near $3,100 with a 9 percent drop on Jan. 10 – the biggest single-day decline since Nov. 24. Notably, prices fell to $3,500 that day, erasing the hard-fought gains of the preceding…

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

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Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its single-currency products to trusts. The company serves “single-asset investment products that provide exposure to” Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Horizen (ZEN), Litecoin (LTC), Ripple (XRP) and Zcash (ZEC), along with Stellar. Speaking to Fortune, managing director Michael Sonnenshein…

Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring

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Photo: Pixabay The major US digital asset exchange Coinbase has further expanded its scale of activity and influence. The company has acquired Andreessen Horowitz-backed Blockspring, a San Francisco-based firm that produces tools for automatical gathering and processing information from application programming interfaces (APIs). .@Blockspring Team is Joining @coinbase! We’re super excited. Announcement here: https://t.co/d9uh3roVBt pic.twitter.com/FTDIpc0B07 — Blockspring (@Blockspring) January 17, 2019 Blockspring noted that despite joining Coinbase, the APL developer will continue to operate as an independent company and its products will continue to operate for current and new customers as they always have. In…

When Lambo? ‘When Hell Freezes Over’, Says Lamborghini

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When Lambo? ‘When Hell Freezes Over’, Says Lamborghini January 18, 2019 by Paul de Havilland Having been tarnished with the When Lambo meme from the bristling edges of the crassest underbelly of the crypto community fringe, Lamborghini is desperate to disassociate its brand from crypto. Sales figures for the Italian sports car giant have benefitted from newly created crypto millionaires, but the company wants nothing to do with them. Also read: Bakkt Acquisition: Backend Buyup to Boost Crypto Amid Payments Wars Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders…

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

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Massachusetts Institute of Technology. Photo: Oliver Dunkley / Flickr Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge…

Latest Coinme Partnership to Let Consumers Buy Bitcoin at Grocery Shops

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Photo: Coinme / Twitter To go to a grocery shop to buy Bitcoin? Quite soon this idea won’t sound too crazy for you. Thanks to the collaboration of Coinme, a venture-backed blockchain financial services company, and Coinstar, a producer of kiosks for selling gift cards, consumers will have a possibility to purchase BTC in selected Coinstar outlets placed in grocery stores. Convenient Option to Enter the Crypto World At the current moment, consumers can buy cryptocurrency at Coinstar kiosks at select Safeway and Albertsons stores located in California, Texas, and…

Russian Duma Official Dismisses Government’s ‘Intention’ to Buy Bitcoin as ‘No Common Sense’

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Photo: Patrick Lauke / Flickr Recently, some reports from several crypto media indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U.S sanctions. All of the reports, without further due (or check-up), cited a senior Russian economist and a lecturer at a national economics institution. However, a Russian government official says that this is very unlikely. Remember, economist Vladislav Ginko, who works at the state-funded Russian Presidential Academy of National Economy and Public Administration, posted to Twitter that he believes Russia…

Bitcoin ATM Firm Coinme to Sell Bitcoin at Coinstar Coin Counting Machines

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United States Bitcoin ATM (‘BTM’) operator Coinme has entered a partnership to sell Bitcoin (BTC) at coin counting kiosks owned by Coinstar, the company confirmed in a press release Jan. 17. Coinme, which was the first BTM operator to receive a license in the U.S. in 2014, will reportedly add thousands of locations via the move, which has already seen integrations go live. CEO and cofounder Neil Bergquist commented in the press release: “Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make…

Bitcoin Price Watch: BTC Signaling Decent Comeback Above $3,700

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Bitcoin price declined again and tested the $3,550 support area before recovering against the US Dollar. There was a break above a major bearish trend line with resistance at $3,585 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently showing positive signs above the $3,600 support level, with a bullish angle. Bitcoin price broke a key resistance near $3,600 recently against the US Dollar. The current price action is positive, signaling an upside extension above $3,700 in the near term. Bitcoin Price Analysis…