Day: May 16, 2019

Researcher Nears Launch of Ava, a Crypto & Potential Ethereum Killer

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By CCN: The crypto ecosystem often explores which blockchain will emerge as the ‘Ethereum killer.’ So far, no network has been able to muscle the second-biggest blockchain off its perch, but now there’s a new kid in town – Ava, and it has Bitcoin, Ethereum, and even Visa in its sights. Ava is a new cryptocurrency that uses a consensus protocol known as Avalanche, whose creators similar to Bitcoin are anonymous only they go by Team Rocket. Avalanche is designed to combine the “best of both worlds” from the Nakamoto Consensus…

Proposed Securities Framework Wrong for Regulating Crypto Exchanges, Argues Kraken

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Canadian exchange Kraken has published a paper arguing against proposed regulation of crypto assets by the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC). The exchange shared its comments in an official twitter post on May 16. Kraken says that the proposed framework considers the contractual arrangement between an exchange and an exchange user as a security. Kraken denies that these contracts constitute securities: “…most reputable exchanges operate as custodians or bailees. As such, the assets are legally owned by the customer and not the…

Poloniex Stops Offering Nine Coins in US Due to Uncertain Regulations

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Leading cryptocurrency exchange Poloniex will stop offering nine coins to United States-based customers due to uncertain regulations, according to a blog post published on May 16. Starting from May 29, Poloniex will stop offering trading in Ardor (ARDR), Bytecoin (BCN), Decred (DCR), GameCredits (GAME), Gas (GAS), Lisk (LSK), Nxt (NXT), Omni Layer (OMNI), and Augur (REP) for its customers in the U.S. Trading with the aforementioned assets will remain available for the exchange’s customers outside the U.S. Poloniex said that the decision was motivated by the uncertain regulatory environment in…

Bitcoin Pump: Trade War Narrative Solidifies

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One of the more popular justifications for the current bull market floating around the Internet is the growing hostility between China and the USA. Several experts and industry insiders believe Chinese investors are pulling their money out of the Yuan in anticipation of further depreciation, as reported by Forbes on May 15, 2019. Chinese Investors Exploring Exit Options It’s no news to anyone that China imposes strict capital controls and makes life miserable for investors seeking to pull their money out of the country. The restrictive capital policy, which has…

Coinbase Plans US Debit Card Launch, Is ‘Considering’ Margin Trading

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By CCN: Coinbase CEO Brain Armstrong conducted a live YouTube AMA today from the company’s New York offices. Presumably, he’s in town for blockchain week, which brought him away from the San Francisco headquarters. Armstrong answered several questions in the session, beginning with one regarding “community trust ratings” for altcoins. Armstrong said that crypto is much like the internet: as more options emerge, better mechanisms of finding the actual high-quality projects need to come along. He pointed out that Yahoo began by manually indexing the web, but later things like…

Coinbase Plans US Debit Card Launch, Is ‘Considering’ Margin Trading

boss

By CCN: Coinbase CEO Brain Armstrong conducted a live YouTube AMA today from the company’s New York offices. Presumably, he’s in town for blockchain week, which brought him away from the San Francisco headquarters. Armstrong answered several questions in the session, beginning with one regarding “community trust ratings” for altcoins. Armstrong said that crypto is much like the internet: as more options emerge, better mechanisms of finding the actual high-quality projects need to come along. He pointed out that Yahoo began by manually indexing the web, but later things like…

Big Four Firm KPMG Identifies Top Four Skills Required for Blockchain Career

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Big Four auditing firm KPMG has identified the top four skills needed for a blockchain-related career, in a press release shared with Cointelegraph on May 16. KPMG suggests that an increasing number of companies will investigate blockchain technology this year. “Blockchain projects will not succeed or scale without a multifaceted team that goes beyond technologists,” the firm states, thus identifying the four major skills needed for a career in the industry. KPMG argues that the successful deployment of blockchain tech depends on professionals with both technology literacy and business acumen.…

John McAfee Bashes Bitcoin and Ethereum but Touts ‘Adorable’ Dogecoin

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By CCN: John McAfee is famous for predicting that the bitcoin price will hit $1,000,000 at some point or he’ll eat his own appendage. What you might not know is that he dislikes Ethereum and doesn’t even care that much for BTC, either. Yes, the reason is as silly as you might have hoped. Meanwhile, similar to Tesla CEO Elon Musk, McAfee has a soft spot for meme-fueled cryptocurrency Dogecoin. Folks asking my opinion of Ethereum: Well . . .. Frankly, I prefer one syllable coins and am not fond…

John McAfee Bashes Bitcoin and Ethereum but Touts ‘Adorable’ Dogecoin

boss

By CCN: John McAfee is famous for predicting that the bitcoin price will hit $1,000,000 at some point or he’ll eat his own appendage. What you might not know is that he dislikes Ethereum and doesn’t even care that much for BTC, either. Yes, the reason is as silly as you might have hoped. Meanwhile, similar to Tesla CEO Elon Musk, McAfee has a soft spot for meme-fueled cryptocurrency Dogecoin. Folks asking my opinion of Ethereum: Well . . .. Frankly, I prefer one syllable coins and am not fond…

Blockchain Sister Startups Allegedly Pull $8 Million Exit Scam

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Blockchain startups RepuX and JoyToken have reportedly pulled a joint initial coin offering (ICO) exit scam, according to an exposé by Hard Fork of The Next Web (TNW) on May 16. RepuX and JoyToken reportedly ran their ICO promotions during March and April of 2018, and are now walking away with $4.7 million and $3.3 million, respectively. As far as the startups’ stated plans were concerned, Hard Fork reports: “RepuX claimed that it was trying to build what it called a ‘blockchain-powered data marketplace,’ while JoyToken was trying to create…