Day: March 25, 2019

Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Photo: Bitwise / Twitter CoinMarketCap reports approximately $6 billion per day in Bitcoin trading volume, but the actual figure is $273 million, or roughly 4.5% of the reported amount, according to Bitwise. Bitwise reported its data and claims to the United States Securities and Exchange Commission (SEC) as part of a proposed rule change for its application to launch a Bitcoin (BTC) Exchange Traded Fund (ETF). The analysis opens with the argument that while an ostensible. It says $6 billion in daily traded volume for Bitcoin is reported across the…

Ethereum V.S. Tron ‘War’ Continues; Justin Sun Looks To Memorialize Vitalik Buterin

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Tron Looks To Build a Vitalik Buterin Monument… One of the weirdest non-wars in the crypto space has continued, as Tron’s beloved leader, Justin Sun, has eclipsed one million followers on Twitter. In a recent tweet, the Ripple Labs alumnus, known for his flamboyant online person, remarked that when the Tron blockchain succeeds, he intends to build a monument. No, it won’t be a monument of Tron’s logo nor its avocado mascot (more on that later), but one of Ethereum (ETH) and its builders and backers. Sun explained that he…

Bitmain IPO Filing Set to Imminently Expire in Absence of HKEx Committee Hearing

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Chinese crypto mining giant Bitmain’s filing to list its initial public offering (IPO) on the Hong Kong Stock Exchange (HKEx) will seemingly reach the end of its six-month expiration window today, as a crypto community member has noted in a tweet posted on March 25. As the South China Morning Post has previously outlined, HKEx listing rules provide a six-month window for a given application to proceed to a closed-door hearing before its Listing Committee. The Committee is tasked with giving the final approval or disapproval of the offering; should…

Following Launch of Services in the US, eToro Announces Listing of Tron

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United Kingdom–based social trading platform eToro has announced the listing of Tron (TRX), the firm tweeted on Monday, March 25. The announcement comes on the heels of the launch of eToro’s crypto trading services in the United States earlier in March. The company announced it will offer crypto trading services to users in 32 U.S. states, listing 13 crypto assets including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Stellar (XLM). The Tron token is the 11th top cryptocurrency, ranked according to its market capitalization of…

Yahoo!-Backed Cryptocurrency Exchange Set for May Launch

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Japanese cryptocurrency exchange Taotao (formerly BitARG) will start trading a limited range of cryptocurrencies in May, Cointelegraph Japan reported on March 25. Taotao, which is 40 percent owned by a subsidiary of Yahoo! Japan, will initially trade Bitcoin (BTC) and Ethereum (ETH), with margin positions available in three additional cryptocurrencies: Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP). Prospective users can already sign up for an account and participate in a promotional giveaway scheme. The plans originally came to light in March 2018, when Yahoo! Japan announced it would acquire…

PR: Bitcoin.com Partners With Jeju Blockchain Smartcity Association to Spread BCH Adoption

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Roger Ver, CEO of Bitcoin.com has agreed to help the Jeju Blockchain Smartcity Association grow the BCH ecosystem. On March 25th, Roger Ver agreed to collaborate with the Jeju Blockchain Smarcity Association in Korea. The Association’s blockchain and BCH friendly environment is built on three pillars: free market efficiency, job creation, and international leadership. Since time is of the essence, the association plans to launch the Korean Blockchain Smarcity Challenge, to find and incentivize startups to help develop the BCH ecosystem. The goal of the competition is to develop innovative…

Facebook’s Facecoin Set to Replace the U.S. Dollar, Not Bitcoin: Kik CEO

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Kik CEO Ted Livingston. Photo: TechCrunch / Flickr Facebook, the social network giant that got down to getting involved in the crypto sphere at the end of last year, seems to provide competition not only to Bitcoin. As Ted Livingston, CEO of messaging platform Kik, has stated, Facebook’s stablecoin is going to replace the U.S. dollar. Everyone should read this. @ted_livingston has been ahead of many trends in social media and messaging over the last decade. Bold thoughts here.https://t.co/RCji3mHaOF — Pomp 🌪 (@APompliano) March 20, 2019 The first report of Facebook…

Bitcoin (BTC) Can Surmount $8 Trillion Gold, Argues Crypto Billionaire

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Digital Gold Mike Novogratz, a long-time Bitcoin (BTC) bull, sat down with Morgan Creek’s Anthony “Pomp” Pompliano for the renowned Off The Chain podcast. Reports indicate that in the interview, Novogratz, a Wall Streeter turned fervent crypto proponent, purportedly stated that while BTC is still valued of 1% of gold’s $7 to $8 trillion valuation, the crypto will reach there eventually. He argued that this is a journey that could occur over a 20-year period, rather than a one or two year period. Although such a time frame may turn…

Ex-Enron CEO Meets with Crypto Experts for New Venture Following Prison Release

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Jeffrey Skilling — the former Enron CEO who served 12 years in prison after a 19 count conviction for his part in the firm’s notorious collapse — is allegedly meeting with crypto industry experts ahead of his new business venture. The claim was made in a report from the Wall Street Journal on March 22. Skilling was released from federal custody on Feb. 21, having served 12 years out of a full term of 24 years. He had resigned as CEO of energy firm Enron in August 2001, just months ahead…

Singapore Blockchain Accelerator Nets BMW and Intel Among New Partners

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Singapore government-backed blockchain accelerator Tribe has gained BMW and Intel as two major strategic partners, local English-language technology news outlet Tech In Asia reported on March 22. Tribe, which began operations late last year, is the brainchild of Tri5 Ventures, a venture capital firm aiming to support later-stage startups. Existing partners of the scheme include PwC and South Korean blockchain network Icon Foundation. Now, both BMW and Intel will provide expertise to the startups selected for support. The car giant will focus on the mobility industry, while Intel will share…