Month: March 2019

Crypto Exchange OKEx Is Developing Its Own Blockchain Platform

boss

Cryptocurrency exchange OKEx is developing its own blockchain a decentralized exchanged, according to a blog post published on March 22. Per the post, OKEx has been developing its own blockchain dubbed “OKChain,” which is now purportedly in the final development stage. The company expects to put out a testnet in June of this year. OKChain will also serve as the base for OKEx’s decentralized exchange. Apart from that, the post states that OKEx’s native utility-token OKB will be put onto the ERC-20 blockchain by the end of April, and will…

Why Fake Volume Plague Could Actually Raise Odds of Bitcoin ETF

boss

In March 2017, the U.S. Securities and Exchange Commission (SEC) denied the first ever bitcoin exchange-traded fund (ETF) proposal. Since then, many bitcoin ETF applications have been filed by nearly ten companies, and many of them have been rejected by the SEC for similar reasons. This week, in a presentation to the SEC, Bitwise revealed that the overwhelming majority of the trading volume in the bitcoin exchange market is fake and that a substantially large portion of the global bitcoin volume comes from the United States. Ironically, the fake volume…

No Bitcoin Deficit a Problem for Regulators

boss

Terry Duffy, CEO of leading United States derivative market CME Group, told Business Insider Monday, March 25, that Bitcoin’s finite amount is a challenge for regulators. According to Duffy, the inability to run Bitcoin (BTC) on a deficit is challenging for regulation. He further explained: “The governments can’t run unless they can run on a deficit. I am trying to figure out why they would say, ‘Sounds good to me, because I want to be responsible and run everything on even-for-even basis. I can’t borrow against anything.’” Therefore, a major…

Bitcoin’s Trading Range Narrows In March to Hit Two-Year Low

boss

Bitcoin’s average daily trading range so far in March is its lowest in nearly two years when, at the time, the world’s largest cryptocurrency was worth roughly a quarter of what it is now. At the time of writing, bitcoin’s average 24-hour trading range so far this month, defined as the average difference between the high and low price of each day in a given month, has been just $85, its lowest average range since the same metric recorded $32 in April of 2017, according to CoinDesk data. Notably, the…

Bitcoin’s Trading Range Narrows In March to Hit Two-Year Low

boss

Bitcoin’s average daily trading range so far in March is its lowest in nearly two years when, at the time, the world’s largest cryptocurrency was worth roughly a quarter of what it is now. At the time of writing, bitcoin’s average 24-hour trading range so far this month, defined as the average difference between the high and low price of each day in a given month, has been just $85, its lowest average range since the same metric recorded $32 in April of 2017, according to CoinDesk data. Notably, the…

Quora Removes Schwartz’s “Joke” , Ripple (XRP) Drop with Light volumes

boss

Ripple price drop 3.5 percent Quora deletes David Schwartz’s joke answer Transaction volumes low as prices range Quora’s moderation team removed David Schwartz‘s comment because it is a “joke” answer highlighting the level of censorship in centralized systems. All the same, Ripple prices are under pressure and slowly dropping towards 30 cents. Ripple Price Analysis Fundamentals A while back, the blockchain community thought that Ripple and XRP were synonymous and even a split wouldn’t cause a differentiation. The argument was that XRP was an Air-drop and without the currency, the…

Quora Removes Schwartz’s “Joke” , Ripple (XRP) Drop with Light volumes

boss

Ripple price drop 3.5 percent Quora deletes David Schwartz’s joke answer Transaction volumes low as prices range Quora’s moderation team removed David Schwartz‘s comment because it is a “joke” answer highlighting the level of censorship in centralized systems. All the same, Ripple prices are under pressure and slowly dropping towards 30 cents. Ripple Price Analysis Fundamentals A while back, the blockchain community thought that Ripple and XRP were synonymous and even a split wouldn’t cause a differentiation. The argument was that XRP was an Air-drop and without the currency, the…

Insurance Blockchain Startup B3i Raises $16 Million

boss

Zurich-based blockchain startup B3i Service AG has increased its capital by $16 million in February, according to recently published filings from the Swiss commercial register. B3i Service AG — a blockchain initiative formed by “Blockchain Insurance Industry Initiative” B3i in 2018 and run by several international insurance companies including Munich Re and Swiss Re — has raised about $16 million, having maximized its capital to 22,475,945 Swiss francs ($22.6 million). According to the filings, the company raised 8.27 million Swiss francs ($8.34 million) in the form of cash, while the…

Leading Bitcoin Cash Developer Amaury Séchet Leaves Bitcoin Unlimited

boss

Leading Bitcoin Cash (BCH) developer Amaury Séchet announced his departure from the development team of BCH node software Bitcoin Unlimited in a Medium post published on March 25. In his post, Séchet criticizes Bitcoin Unlimited project management and saying that it led to inefficient development and avoidable vulnerabilities in the code. He further notes that when he tried to address those issues, he was met with resistance. Séchet cites one instance where he claims that feedback he provided on some code was ignored. He states that the consequences of such…

Microsoft’s Bing Blocked Over Five Million Cryptocurrency-Related Ads in 2018

boss

Microsoft-owned search engine and advertisement platform Bing noted that it blocked over five million cryptocurrency-related ads last year in its “Ad quality year in review 2018” report published on March 25. Bing notes that the pseudo-anonymity of cryptocurrencies such as Bitcoin (BTC) “made cryptocurrency a prime target for fraudsters and scam artists to defraud end-users.” Bing claims that this is the reason for the ban of cryptocurrency-related content from its advertising platform that resulted in over five million ads being blocked. Bing also notes that its ban against weapon advertisement…