Day: January 27, 2019

Attorney: Don’t Hold Your Breath on Token Taxonomy Act That Exempts Crypto from Securities Laws

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This past December, cryptocurrency investors were delighted to hear that lawmakers had put forth a bill – aptly dubbed the “Token Taxonomy Act” – that would change the Securities and Exchange Commission’s 72-year-old definition of securities in order to exclude crypto. If passed, this bill would entirely alter how the industry is regulated going forward and would offer companies and projects significantly more room for experimentation without worrying about regulatory authorities. Although news regarding this bill was seen as being decisively positive, one prominent attorney who focuses primarily on blockchain and…

Bitcoin VC: China Tax Reform Could Help Crypto Assets “Bloom”

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Since Bitcoin (BTC) established a new all-time high in late-December 2017, the cryptocurrency market has faltered. Since that fateful month, the broader asset class has posted losses that would even make gamblers cringe, as the value proposition of cryptocurrencies has become misconstrued and nebulous at times. Yet, one industry insider claims that cryptocurrencies could be blessed with a notable tailwind in the coming months. And no, it’s not a Bitcoin ETF, Bakkt, or a bout of celebrity endorsements of this infantile sector. Read: VanEck to Nasdaq: Bitcoin Market Structure Expected…

25 Crypto Networks at Risk of Fake Stake Attack, are Your Funds at Risk?

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A new report claims that at least 25 proof-of-stake cryptocurrency networks are vulnerable to what’s called a “fake stake” attack. | Source: Shutterstock More than two dozen Proof-of-Stake (PoS) cryptocurrency networks are vulnerable to what has been dubbed a “fake stake” attack. The vulnerability allows a node with a very small stake to overwhelm competing nodes with false data and essentially crash them. Once competing nodes are gone, the attacking node can have a majority of stake on the crypto network, enabling it to conduct a 51% attack as the…

Bitcoin Investors Are Moving to Gold

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Jan Van Eck, CEO of Van Eck Associates, suggested that Bitcoin (BTC) investors have moved to gold during an interview with CNBC published on Jan. 26. Van Eck declared that he thinks “that Bitcoin pulled a bit of demand away from gold last year, in 2017.” Afterward, he concluded: “Interestingly, we just polled 4,000 Bitcoin investors and their number one investment for 2019 is actually gold. So gold lost to Bitcoin and now it’s going the other way.” During the same interview while talking about Bitcoin exchange-traded funds (ETFs), Tim…

Kiss of Death? Weiss Ratings Agency Changes Tune on TRON

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Kiss of Death? Weiss Ratings Agency Changes Tune on TRON January 27, 2019 by Paul de Havilland The much-maligned (and rightly so) Weiss Ratings agency has given TRON the thumbs up for 2019. While Weiss Ratings opinions are always to be taken with a grain of, ahem… SEC settlement salt… their change of tune on TRON is certainly noteworthy. Also read: Central Bank of Central Banks BIS Says PoW Crypto Needs New Tech Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Weiss Has a History of Dissin’…

What Makes Bitcoin ETF Delay a Good News for Crypto Industry

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Bitcoin fell by more than 80% in the past twelve months. The overly impressive bull run of 2017, which led the digital currency value to the peak of $20,000, followed a whole bearish year whereby the price crashed to lows near $3,000. Lack of institutional investors and strict regulations, analysts believed, was one of the primary reasons behind the bitcoin crash. No ETF in Q1 2019 Bulls hoped 2019 to be a year of bitcoin correction when some of the biggest financial companies announced products for its market. Fidelity, a…

Tron, Litecoin, Binance Coin, Dash, Monero

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Jeff Schumacher, founder of BCG Digital Ventures, told CNBC during a panel discussion in Davos, Switzerland that Bitcoin will go to zero. In another interview with Fox Business, Fundstrat Global Managing Partner Thomas Lee said that Bitcoin can still go to $25,000, which…

Two R3 Executives Are Leaving Their Positions Amid Broad Company Reorganization

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Two executives at blockchain consortium R3 are reportedly planning to depart from the company amid a larger internal reorganization, sources familiar with the situation reported on Jan. 26. R3 is an enterprise software firm that focuses on distributed database technology. It leads a consortium of over 200 members, such as financial institutions, banks, trade associations and fintech companies. Sources say that R3 told its employees at town hall meetings on Friday, Jan. 25, that head of global services and managing director Brian McNulty and chief administrative officer Laurel Carroll are…

BIS Report Questions Longevity, Efficacy of Proof-of-Work Based Cryptocurrencies

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A recent report from the Bank of International Settlements (BIS) has cast a spotlight on the efficacy and longevity of the proof-of-work (PoW) consensus and the future of Bitcoin. The paper takes an in-depth look at how the Bitcoin protocol verifies payments using blockchain technology and various consensus algorithms. PoW algorithms are a major point of discussion, with the author suggesting two major drawbacks. Firstly, the high cost of ensuring payment finality in a reasonable time frame, and the belief that PoW systems won’t produce adequate transaction fees to guarantee…

Bitcoin Falls Under $3,600 Again as Most Top Cryptos See Mild Losses

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Sunday, Jan. 27 — most of the top 20 cryptocurrencies are reporting slight losses on the day at press time. Bitcoin (BTC) is trading under $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down nearly 2 percent on the day, trading at around $3,562, according to CoinMarketCap. Looking at its weekly chart, the current price is about $100 lower than $3,655, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) has lost over 2.5 percent of its value…