Day: April 30, 2019

ErisX Launches Crypto Spot Market on Heels of New $20 Million Raise

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Aspiring crypto derivatives provider ErisX took one step closer to its ultimate goal Tuesday with the launch of a spot market. The exchange announced that it will immediately support dollar trading pairs with bitcoin, bitcoin cash, litecoin and ethereum, as well as bitcoin trading pairs with the other three cryptocurrencies at launch. While ErisX has a number of firms looking to trade on its platform at launch, it did not disclose any names. Chief strategy officer Matt Trudeau told CoinDesk that, at launch, ErisX’s platform will include both its exchange…

Miner with ‘Satoshi Nakamoto’ Handle Gaining Majority on the Bitcoin Cash Blockchain

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The Bitcoin Cash (BCH) community is preparing itself for another hash war as an unknown miner with Satoshi’s name in the block’s coin base accounts for 44% of current BCH hash rate. A Reddit user posted these findings on April 29, 2019. Siren goes off for Hash War As BCH prepares itself for a scheduled non-contentious hard fork in May 2019, an unknown miner bearing Satoshi’s name has gained 44% of the chains hash rate. The community suspects this is an attempt by the Bitcoin Satoshi’s Vision (BSV) faction to stir up…

Vitalik Buterin Tweets ETH Development Proposals After Elon Musk’s ‘Ethereum’ Tweet Bait

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Technology entrepreneur and Tesla CEO Elon Musk has sparked a conversation with ether (ETH) co-founder Vitalik Buterin with his laconic one-word tweet “Ethereum” on April 29. The tweet, which Musk swiftly ironized by adding “jk” within the same thread, prompted Buterin to extend an invitation to Musk for Ethereum’s DevCon in October. In response, Musk asked Buterin the question, “What should be developed on Ethereum?” Buterin listed five of his top picks for the network’s developments, peppered with references to his own past Twitter threads and Ethereum research content. Foremost…

Voters on Ethereum App Veto Proposal to Fund Polkadot Blockchain

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Aragon (ANT) token holders have voted to restrict the project’s development funds from being used to support work on the blockchain interoperability platform Polkadot. Aragon is an ethereum-based project that builds tools and applications for decentralized organizations. It raised over $25 million in an initial coin offering back in 2017. At present, the non-profit organization – the Aragon Association – in charge of accumulated investment holds roughly $30 million in ETH and another $6 million in other crypto and fiat currencies. This past weekend, token holders of Aragon voted on…

Musk Trolling Ethereum For Real or As a Result of SEC Decision?

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Crypto-Twitter is known for its hysterics. Elon Musk challenged this fact when he just tweeted “Ethereum”, and it went in a frenzy as expected, being re-tweeted more than 3000 times in only 2 hours. Elon Musk has finally came to a deal with the Securities and Exchange Commission regarding a dispute over his “bad tweets” about Tesla’s production, and about what he can or cannot share on Twitter. It now looks like Musk will have to clear some of his Tesla-related tweets with a lawyer before he writes them. Just…

Dubai: Largest Bitcoin Luxury Real Estate Project Put on Hold

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The Aston Plaza in Dubai, the first real estate project to be sold in Bitcoin, has reportedly hit a regulatory “snag” as authorities have called the promoters past business ventures into question. This according to an April 29, 2019 report from The Next Web. Regulatory Hurdles The promoter for the Aston Plaza, Baroness Michelle Mone, a lingerie mogul and the founder of Equi Capital, has been called in by regulators on the basis of initial coin offering (ICO) promises made to investors. Equi Capital, a venture capital fund, was supposed to…

Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says

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Hong Kong-based cryptocurrency exchange Bitfinex may soon issue a proprietary exchange token, according to a shareholder of the platform claiming knowledge of the plan. Dong Zhao, a well-known over-the-counter trader in China who holds a stake in Bitfinex, who first announced the news on Weibo, told CoinDesk that the exchange is indeed planning the issuance, although the “details are not 100 percent confirmed.” Bitfinex has not responded to a CoinDesk request for comment as of press time. It’s unclear at this stage how the plan would play out or what…

English Premier League Soccer Club West Ham to Launch Fan Token in Partnership With Socios

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London-based West Ham United — a soccer team that plays in the English Premier League — is partnering with blockchain platform Socios.com to launch a fan token ecosystem. The news was revealed in a press release shared with Cointelegraph on April 30. As previously reported, the Socios tokenized voting platform and blockchain-based mobile app is operated by sports blockchain venture chiliZ, which has the backing of high profile crypto industry players that include crypto exchange Binance and OK Blockchain Capital. West Ham United, currently ranked 11th in the Premier League,…

Built Over Brave, Gab’s Browser Plans to Use Bitcoin Instead of BAT

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Gab is using Brave’s open source code to build its browser, Dissenter, and plans to integrate Bitcoin’s Lightning Network and replace BAT tokens, reported Decrypt Media, April 25, 2019. Brave CEO Not Impressed by Dissenter The free-speech social media platform Gab has been blocked out from almost all payment processors and web host providers on the market. The company had been on the lookout for ways to resist this boycott and not be silenced due to the external pressures. And they seem to have found a way out. Andrew Torba,…

Bitcoin (BTC) Price Flirts With Key Resistance: Upside Break Possible

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Bitcoin price is facing a strong resistance near the $5,150 and $5,160 levels against the US Dollar. The price must break the $5,160 and $5,200 levels to start a strong rebound. There is a major bearish trend line forming with resistance near $5,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely preparing for the next break either above $5,200 or towards $4,950. Bitcoin price is trading near a couple of important hurdles against the US Dollar. BTC seems to be preparing for…