Day: January 30, 2019

Tron Price Analysis: TRX May Be a Security, CEO Fuels Rumors

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Tron prices bullish, up four percent from last week’s close Thomas Schultz of ChaChing wallet warned to “stay away” from Tron Transaction volumes low, price bullish Hours after BTT ICO, Thomas Schultz now claims he has been warned by an “SEC Insider” to wade clear off Tron. Unless verified, this will be another attempt of FUD in an otherwise robust asset. Our TRX/USD trade plan is valid as long as TRX prices trend above 2.5 cents. Tron Price Analysis Fundamentals Nothing has been substantiated, but rumor has it that TRX…

Top Russian Official Urges Parliament to Discuss Draft Crypto Bill Without Further Delays

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The chairman of the upper house of Russian parliament has urged MPs to expedite their work on digital economy bills that include a draft on crypto regulation, local news agency TASS reports on Tuesday, Jan. 29. Valentina Matvienko, who has headed the Federation Council since 2011, spoke to officials from several institutions, including the Upper House Committee for Economic Policy and Russia’s Ministry of Digital Development, Communications and Mass Media. She asked him to investigate the reasons behind the significant delay with the digital economy bills, TASS writes. According to…

Privacy and Scaling: Schnorr Signatures Are Coming to Bitcoin Cash

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On Tuesday, Jan. 29, Bitcoin Cash developer Mark Lundeberg revealed two planned features for the scheduled May 2019 BCH upgrade. In the gist published to Github, Lundeberg described a specific improvement that’s been discussed by cryptocurrency developers for years — implementing Schnorr signatures in place of ECDSA signatures. This could upgrade the BCH chain to a new level of innovation by bolstering scaling and privacy all at once. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Bitcoin Cash Chain May See Schnorr Signature Support in the Near…

Inside Wyoming’s Race for Crypto Prominence

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In the first month of 2019, the state of Wyoming has performed yet another series of power moves showcasing its continued commitment to becoming America’s new crypto hub, even despite recent changes in political leadership. The incoming governor, Mark Gordon, made room for some blockchain talk in his inauguration speech, celebrating the state’s innovative approach to regulation and touting a handful of homegrown startups. Over the next couple of weeks, Wyoming’s legislature erupted with a series of groundbreaking crypto-related bills that is only comparable to a similar wave in March of last year.…

Amid Bear Market, Crypto Venture Fund Strategy Wins out Over Hedge Fund Model

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Amid the 2018 market slump, the launch of new crypto venture funds for the first time exceeded that of new hedge funds in the space, according to a Bloomberg report on Jan. 30. Bloomberg cites data from Crypto Fund Research that indicates that 125 new crypto venture funds — which typically provide capital in exchange for an equity stake — launched in 2018, as compared with 115 new investment-oriented crypto hedge funds. In 2017, by contrast, new hedge funds outnumbered venture funds by 47: 136 hedge funds as compared with…

Cryptocurrency Lending Firm Genesis Capital Processed Over $1.1 Billion in 2018

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Cryptocurrency lending company Genesis Capital processed $1.114 million in borrows and lends last year, according to the recently released Digital Asset Lending Snapshot for Q4 2018. At the end of Q3 2018, the company published its first Digital Asset Lending Snapshot, which reported that Genesis Capital only processed $553 million at the time counting from the start of its activity in March 2018. Thus, the company concludes that “Q4 loan originations increased more than 100% in the final three months of 2018 compared to the prior six-month period.” The company…

Crypto Firms’ Route to Remittances at Scale Will Be Complex but Successful

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Bill Barhydt, CEO of crypto wallet provider and payment startup Abra, believes that consumer cross-border payments and remittance services at scale continue to be a struggle for many crypto firms. Barhydt made his remarks during an interview with blockchain news source Breaker Mag on Jan. 30. As Barhydt outlined, Abra — which counts around 500,000 users in over 100 countries, and supports 30 crypto assets and 50 fiat currencies — was founded with the aspiration to create a crypto-based global bank, which would enable worldwide, frictionless money transfers and credit…

XRP Benefiting From SWIFT–Corda Trial

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Ripple price surge 10 percent SWIFT GPI Link proof of concept with R3’s Corda Transactional volumes picking up, spikes above averages SBI Holdings may be behind an audacious plan of integrating SWIFT GPI with RippleNet via R3’s Corda Settler. The latter use XRP, and if that is the case, our previous XRP/USD trade assertions will be valid. With a 10 percent spike, it is likely that XRP could retest 80 cents. Ripple Price Analysis Fundamentals Good news for Ripple and XRP. SWIFT, the global payment messenger platform, is in a…

Wikimedia Foundation Partners With Payments Provider BitPay to Accept BTC, BCH Donations

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United States crypto payment processor BitPay and the non-profit and charitable organization that operates Wikipedia, the Wikimedia Foundation, have partnered to accept crypto donations, according to the official press release published on Jan. 29. The Wikimedia Foundation had already accepted Bitcoin (BTC), but the aim of the new partnership with BitPay is to be able to accept donations in Bitcoin Cash (BCH), the press release states. BitPay’s chief commercial officer, Sonny Singh, commented on the new partnership: “Bitcoin and Bitcoin Cash are one of the cheapest payment options available so…

Fidelity to Reportedly Launch Its Crypto Custody Business in March

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Fidelity Investments isn’t wasting much time in following through on its latest cryptocurrency initiative. The financial services giant will reportedly launch Fidelity Digital Asset Services in March. The news comes less than four months after Fidelity first announced the creation of the new company, which will provide custody and trading services for cryptocurrencies to institutional investors, including hedge funds and market intermediaries. The 72-year-old firm’s interest in the space has been seen as evidence of wider acceptance of cryptocurrency as an investment class.  A Fidelity spokesperson wouldn’t confirm or deny…