January 2019

How to choose a Cryptocurrency Exchange

January 25, 2019 boss

Cryptocurrency exchanges are like banks. They hold your money. They manage your transactions. And they should keep your funds safe from robbers. They should also be friendly, reliable, and easy to use. But when you’re looking for a place to manage your cryptocurrencies, there are also a few special considerations you need to bear in mind. Here are five factors that you need to look for as you choose a cryptocurrency exchange: Location: Cryptocurrencies are supposed to be international but the exchanges that buy and sell the coins are based in regions…

Binance Launching Crypto OTC Desk May Mean Wall Street Demand For Bitcoin Still Exists

January 25, 2019 boss

Although VanEck, CBOE, and SolidX recently pulled their collaborative Bitcoin exchange-traded fund (ETF) application, as Bakkt delayed the launches of its crypto futures vehicle, rumor has it that Wall Street is still clamoring for digital assets. While this purported influx of institutional interest has skirted past the retail investors’ radar, industry upstarts are taking notice, responding in kind. Enter crypto-centric over-the-counter (OTC) desks. And from the labs of this sector’s most preeminent startups no less. Related Reading: Wall Street Still Throwing Billions At Bitcoin, But There’s Still A Ways To Go Bitcoin…

Blockchain Predictions Market Stox and Founder Sued for $4.6 Million

January 25, 2019 boss

Israel-based blockchain prediction market platform Stox and its founder Moshe Hogeg are reportedly being sued by a Chinese investor for over $4.6 million over alleged fraud. As reported in The Times of Israel on Friday, investor Zhewen Hu claims in a lawsuit, filed in the Tel Aviv District Court on Jan. 24, that Hogeg had misappropriated some of the crypto millions invested in the firm. The filing also names Yaron Shalem, former CFO at Hogeg’s venture capital firm Singulariteam Ltd. as a defendant, says CTech. Hu said in the filing that he had invested ether…

WEF Appoints BitPesa Founder as Co-Chair of Global Council on Blockchain

January 25, 2019 boss

The World Economic Forum (WEF) has appointed the CEO and founder of BitPesa, Elizabeth Rossiello, to serve as one of two co-chairs of the Global Blockchain Council, according to a press release published Jan. 24. At the WEF Annual Meeting 2019 in Davos, Switzerland this week, Rossiello is reportedly working with both industry experts and the Council’s thirty members — spanning ministers and heads of regulatory agencies, CEOs and representatives from the civil and technological spheres — to determine the agenda and foremost priorities for the Council. The work following…

Silk Road Had Multiple Dread Pirate Roberts

January 25, 2019 boss

Lyn Ulbricht: Silk Road Had Multiple Dread Pirate Roberts January 25, 2019 by Jon Southurst There were many inconsistencies in the trial of Ross Ulbricht, convicted and sentenced for operating the Silk Road Marketplace, in 2015. His mother Lyn Ulbricht has since become the public face for the campaign to highlight her son’s case and its unjust nature. In this short interview with Bitsonline‘s George Levy, Lyn details how Ross was not the only “Dread Pirate Roberts” who administered the site. Also see: BCH Instant Payments on Avalanche, Forks and More…

Ripple CEO Adamant That Bitcoin (BTC) Won’t Collapse To $0

January 25, 2019 boss

Although many bash San Francisco-based Ripple for supposedly plotting to kill Bitcoin (BTC), with Wall Street and financial incumbents no less, the firm’s C-suite head recently doubled-down on his love for the cryptocurrency. In fact, the crypto-centric financial technology upstart’s head refuted sentiment that BTC could capitulate to zero, citing its inherent value and expansive ecosystem. Related Reading: Bitcoin Can’t Fall To $0 Nor Enter A “Death Spiral” — Mining Rules Deem It So Ripple’s Garlinghouse Still Bullish On Bitcoin While many still debate if the chicken or the egg came first, it is…

Ripple CEO Adamant That Bitcoin (BTC) Won’t Collapse To $0

January 25, 2019 boss

Ethereum-Based Scam Revenue More Than Doubled in 2018: Report

January 25, 2019 boss

The value of Ethereum (ETH) stolen via scams reached $36 million 2018, according to a report released by crypto analytics company Chainalysis on Jan. 23. According to the Chainalysis report, scams that occurred last year were reportedly more sophisticated, bigger and vastly more lucrative. Chainalysis also reports that Ethereum has “long been known as the cryptocurrency of choice for scams.” Chainalysis reports that the value of stolen funds more than doubled in 2018, compared to the $17 million in ETH obtained through scams in 2017. The increase in profits occurred…

More Than 240 Locations in Slovenia Accept Payment Via New App

January 25, 2019 boss

The team behind a mobile application enabling shoppers to pay with crypto at online and brick-and-mortar stores has unveiled new features and a redesign — enabling consumers to shop as post-New Year sales are in full swing. Eligma, a startup dedicated to smart commerce and blockchain advocacy, says the latest version of its Elipay app has been built with simplicity in mind. As well as offering immediate payments with selected cryptocurrencies, free transfers between users worldwide, balance and transaction history, and loyalty rewards, the app also now enables enhanced store…

Blockchain Project Polkadot Plans Second Token Sale to Raise $60 Million

January 25, 2019 boss

Update (12:10 UTC, Jan. 27 2019): Polkadot has confirmed the planned fundraising in an email to CoinDesk, saying no new tokens will be issued for the sale. — Blockchain project Polkadot is reportedly seeking to raise up to $60 million through a second token sale. According to a report from The Wall Street Journal on Thursday citing “people familiar with the matter,” the startup’s latest token fundraising effort would bring the value of all its tokens to $1.2 billion, when those not in circulation are included. Polkadot previously raised more than $145…