Bottom Line for TRX is Privacy, Justin Sun has Plans

Tron prices resume trend, up 1.6 percent in the last day Justin Sun plans to incorporate ZK-SNARKs and make TRX a privacy coin Transactional volumes must spike above 31 million reaffirming bulls and confirming current trend Days after a successful ICO, TRX bulls are back. It is likely that prices will expand above 4 cents. Besides, future additions of ZK-SNARKs will increase as the platform attracts privacy-centric investors. Tron Price Analysis Fundamentals BitTorrent’s BTT ICO may have been an overwhelming success indicating that Tron is indeed a central player in…

Ethereum Developers Delay Mining Algorithm Change for Code Audit

Developers contributing to the ethereum protocol are electing to hold off on a decision to submit code that would stifle the advantage of high-powered ASIC miners competing for the network’s rewards. During a public call Friday, which included Hudson Jameson, Lane Rettig, Afri Schodedon, Martin Holst Swende, Danno Ferrin and Greg Colvin, among other notable developers, a tentative decision was reached to postpone the so-called ProgPow upgrade in favor of conducting continued audits. These third-party audits will look to verify that implementing the algorithm will reduce ASIC efficiency so as…

Wyoming Passes Bill to Recognize Cryptocurrencies as Money

In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money on Jan. 31, according to the state legislature website. On Jan. 18, Wyoming legislation presented the bill, which would help to clarify the classification of cryptocurrency. As reported by Cointelegraph earlier this month, the bill will place crypto assets into three categories: digital consumer assets, digital securities and virtual currencies. Any digital assets that fall into those three categories will be defined as intangible personal property, granting virtual currencies…

BTC Liquidity Takers, It’s All Over For QuadrigaCX

Bitcoin price ranging within a $155 zone QuadrigaCX is bankrupt Transactional volume low but set to increase as bull momentum pick up A Canadian crypto exchange, QuadrigaCX, has filed for credit protection asking the court to assign Ernst & Young Inc to overlook proceedings. Nevertheless, their folding didn’t affect BTC prices which are finding support at $3,500. It is likely that BTC will edge higher over the weekend and retest $3,800. Bitcoin Price Analysis Fundamental Analysis Its curtain falling for perhaps what was once the oldest cryptocurrency exchange focused primarily…

Self-Serving World Gold Council Report Lambasts Crypto in Missing the Point Fallacy

Self-Serving World Gold Council Report Lambasts Crypto in Missing the Point Fallacy February 1, 2019 by Paul de Havilland The World Gold Council has presented a scathing–and self-serving–criticism of cryptocurrencies. “The Authority on Gold” argues there are a number of reasons cryptos are no replacement for gold. But they’re missing a crucial point: cryptos were not created to become a substitute for gold. Also read: Lightning Network Goes to Congress as Specter of Crypto Policy Grows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts The Differences Between…

Over 50 Bitcoin ATMs Operate Legally in Russia, Study Finds

News At least 51 cryptocurrency ATMs operate in compliance with the current regulations in Russia, estimates a new report. According to the study produced by the country’s crypto industry association, the average monthly turnover of each of these teller machines is around $27,000. Also read: Crypto Startups Push Swiss VC Investments to a Record $1.25B Most BATMs Concentrated in Large Cities The number of bitcoin ATMs around the world has doubled in a year, increasing at an average rate of six per day to reach almost 4,300 devices, according to…

Binance let’s you buy Cryptocurrencies With Credit Cards

Cryptocurrency exchange Binance started allowing credit card purchases of major digital currencies. The world’s largest crypto exchange by adjusted trading volume has partnered with Israel-based payment processor Simplex to enable purchases with Visa and MasterCard credit cards. Initially, the company is supporting credit card purchase for major currencies, such as bitcoin, ether, litecoin and XRP. The clients can then start trading in minutes, and can be traded against up to 151 other tokens offered by the exchange. Zhao, said, “The crypto industry is still in its early stages and most…

Major European Publisher Axel Springer Partners with SatoshiPay

Europe’s largest digital publisher Axel Springer SE has partnered with blockchain startup SatoshiPay to enable direct payments using blockchain, investment news agency London South East reports on Jan. 31. Blockchain micro payment firm SatoshiPay has reportedly started a collaboration with Axel Springer yesterday, Jan. 31, in order to develop a platform enabling readers to pay for content using SatoshiPay Wallet. According to the article, the new blockchain solution will enable direct payments eliminating third party involvement, and will be integrated into Axel Springer products in order to get experience in…

Canadian Crypto Exchange Coinsquare Lays Off 40 Employees

One of Canada’s top crypto exchanges, Coinsquare, is reportedly laying off almost 30 percent of its staff, including its chief financial officer (CFO) and chief operating officer (COO). The news was reported by Canadian startup and technology news platform BetaKit on Jan. 31. Coinsquare did not return Cointelegraph’s request for comment or confirmation by press time. Citing multiple sources, BetaKit estimates the total number of redundancies at around 40 team members — representing 27 percent of the company’s formerly 150-head workforce. A LinkedIn post from Coinsquare’s head of talent, Martin…

Fed Chair Concerned About $22 Trillion US Debt, is Bitcoin a Viable Alternative?

The US national debt now stands at $21.974 trillion, a 10% increase since President Donald Trump took over the oval office. And according to Jake Chervinsky, bitcoin is just the needle people need to pop the debt bubble. Fed Chair Jerome Powell, talking about the $22 trillion US debt: “I’m very worried about it, but from the Fed’s standpoint . . . the long-run fiscal non-sustainability of the US federal government isn’t really something that plays into . . . our policy decisions.” Buy bitcoin. — Jake Chervinsky (@jchervinsky) February…