Ethereum (ETH) Is Not a Security, SEC Chairman Hints on Official Response to Congressman

Securities and Exchange Commission Chairman Jay Clayton confirmed an existing analysis stating that Ethereum and other tokens of similar characteristics did not fall within the securities category under SEC standards. Mr. Clayton issued that statement in an official response to US House Rep. Ted Budd, who requested a formal pronouncement from the commission asking to clarify certain positions regarding cryptocurrencies. One clarification he asked for was to corroborate whether the opinions expressed by William Hinman, SEC Director of the Division of Corporate Finance, were representational or personal in nature. As previously…

Crypto News | SEC Rules ETH NOT Security; Binance Adds XRP

The cryptocurrency market is making a comeback this week, after closing out last week in the red. Crypto news was pretty slow last week, but it has picked up a bit today. This morning, CoinCenter released news that the SEC Chairman confirmed that ETH is not ruled as a security by the regulator. In addition to this big news, Binance announced it has added XRP and credit card payment support to its Trust Wallet app. Let’s get into it! Jay Clayton Rules ETH a “Non-Security” When investors began taking notice of…

Developer Launches Mturk Alternative ‘Taskopus’ Powered by Bitcoin Cash

On March 11, the creators of the Freelanceforcoins platform announced the launch of a new crowdsourcing market called Taskopus. The standalone application is similar to Amazon’s Mechanical Turk marketplace but anyone can participate, payouts are near instantaneous and bitcoin cash (BCH) is used for settlement due to the chain’s low network fees. Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Meet Taskopus, the Mturk Alternative News.Bitcoin.com recently reported on the newly created Freelanceforcoins. This Monday the lead developer of the platform announced a new alternative to Amazon’s Mechanical…

Developer Launches Mturk Alternative ‘Taskopus’ Powered by Bitcoin Cash

On March 11, the creators of the Freelanceforcoins platform announced the launch of a new crowdsourcing market called Taskopus. The standalone application is similar to Amazon’s Mechanical Turk marketplace but anyone can participate, payouts are near instantaneous and bitcoin cash (BCH) is used for settlement due to the chain’s low network fees. Also read: Ledger Reveals Physical Exploits Against Trezor Hardware Wallets Meet Taskopus, the Mturk Alternative News.Bitcoin.com recently reported on the newly created Freelanceforcoins. This Monday the lead developer of the platform announced a new alternative to Amazon’s Mechanical…

Major UK Energy Company Acquires Stake in Blockchain Firm Electron

Major United Kingdom energy company OVO has invested in blockchain firm Electron through its recently launched technology division, Kaluza. The development was announced in an OVO blog post published on March 12. Kaluza —  an intelligent grid technology company that provides software and hardware products to the energy sector — has reportedly made an investment in Electron, a London-based energy tech company that uses blockchain technology. The move aims to facilitate Electron’s deployment of distributed energy trading platforms. Electron will purportedly use the proceeds of the investment to develop its…

Bitcoin Price Rally Could be on Last Legs, Bloomberg Analyst Warns

A key market indicator shows that the Bitcoin price rally may be losing steam. According to Bloomberg, “Bitcoin’s Moving Average Convergence Divergence indicator has been steadily falling since mid-February.” MACD is a commonly used metric for technical analysis. When it diverges from the symbol, it means that a trend may be over with. Watch out Bitcoin Bears – MACD Isn’t Everything Bitcoin’s MACD has been steadily falling since last month, which could signal that the crypto market’s recent recovery is already coming to an end. | Source: Bloomberg Let’s keep…

Firm Says Its Trading Bots Can Benefit Beginners and Pros Alike

The company behind a cryptocurrency trading bot is encouraging beginners and experts alike to give automation a try — and says users of all backgrounds can save time by using their technology. Trade Santa says its “easy yet powerful” interface is an early Christmas gift for the crypto community, as it enables them to remain active in the market 24 hours a day, seven days a week. According to the platform, “Hodlers” are among those who can benefit from its service. Trade Santa says its interface means they have the…

Crypto Markets Are Trading Sideways, Bitcoin Holds $3,900 Support

Tuesday, March 12 — crypto markets are trading sideways, with total market cap hovering between $133–$134 billion, and Bitcoin (BTC) holding $3,900 for the most part of the day. The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time. Market visualization from Coin360 Bitcoin is trading at $3,912 at press time, up around 0.3 percent over the past 24 hours. The biggest cryptocurrency surged to as…

Ripple’s Xpring and Forte Establish $100 Mln Fund to Support Blockchain in Gaming

Ripple’s developer ecosystem project Xpring and game industry blockchain platform Forte have jointly established a $100 million fund to support game developers. The news was announced in a press release published on March 12. The initiative is designed to bolster the mass adoption of blockchain technology in the game industry through the increase of engagement and monetization with players. Forte is reportedly targeting game developers running live games economies with more than 50,000 daily active users and an interest in blockchain deployment. Brett Seyler, Chief Platform Officer at Forte said:…

Ethereum’s ProgPoW Mining Change to Be Considered for Istanbul Upgrade

The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow for broader participation in its network. Discussed Tuesday during a meeting of project managers working on the world’s second-largest blockchain, Ethereum Improvement Proposal (EIP) 1057, also known as Progressive Proof-of-Work (ProgPoW), has been long debated. On one side are those who believe it will limit large miners from dominating the $655 million annual market for new ether issuance, on the other are those who believe it does not go far…