Day: June 25, 2019

OKLink Launches Bitcoin Block Explorer as Rivals Mimic its USDK Stable Coin

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OKLink’s Bitcoin Block Explorer will allow people to navigate the Bitcoin blockchain using its user-friendly user interface, or search functions. From the explorer users can easily analyse Bitcoin transaction data at a granular level, and are able to look at transactions, volumes, block size and the number of confirmations on any transactions that have been made on the Bitcoin network. A spokesperson for OKLink said this was just the first step in its plans to bring more big data services to blockchain and cryptocurrency investors and enthusiasts. He said: “We’re…

CNBC Anchor Jumps Aboard the Bitcoin (BTC) Gravy Train

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To most in the Bitcoin (BTC) community, mainstream media is viewed with intense skepticism. This isn’t a baseless fear, 99Bitcoins has revealed that the cryptocurrency has been “declared dead” over 360 times in its life, mostly by mainstream media outlets, from CNBC and Forbes to the New York Post and Bloomberg. For instance, one Bloomberg op-ed headline published in January 2018 reads: “Sorry, Bitcoin Fans. Digital Currency Is Still a Dream.” Bitcoin Community Gets TV Ally But, over the past few days, the cryptocurrency industry has secured an ally on…

Kraken Raises Over $13 Million In Its Latest Fundraising Round

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San Francisco-based cryptocurrency exchange Kraken has raised over $13 million in financing on online investment platform BnkToTheFuture. Kraken has raised $13.5 million from 2264 investors, surpassing its initial target of $10.2 million purportedly due to popular demand. The fundraising campaign of Kraken — which has over four million clients in nearly 200 countries — is the most successful funding round by individual contributors on BnkToTheFuture. As previously reported, Kraken raised over $6 million in the first day of the campaign from almost 300 investors. On BnkToTheFuture, Kraken describes itself as…

The Guns N’ Bitcoin Scorpion Case Holds Your Shooter and Your Satoshis

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Digital assets have become very valuable over the last few years, spawning a string of devices that protect cryptocurrencies from malware and mishandling. Now there’s a company called Guns N’ Bitcoin that offers a durable case called the Scorpion that holds not only a hardware wallet, but also three types of full to compact pistols and magazines for the gun. Guns N’ Bitcoin believes crypto enthusiasts should guard their “pocket-sized Swiss bank accounts” with a case that can protect people’s assets from the elements as well as physical attacks. Also…

US CFTC Approves LedgerX’s Application for Designation As Contract Market

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The United States Commodity Futures Trading Commission (CFTC) has approved the application of LedgerX LLC for designation as a contract market, according to an announcement published on June 25. LedgerX — a U.S.-based regulated crypto derivatives and clearing platform — can operate as a designated contract market (DCM) as of June 24, 2019. The company’s activities will be registered under Section 5 of the Commodity Exchange Act (CEA) and Part 38 of the CFTC’s regulations. Registration as a DCM will require that LedgerX maintain compliance with all applicable provisions of…

Republic of Abkhazia Develops Law Draft on Crypto Mining

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The Ministry of Economy of the Republic of Abkhazia has developed a law draft on the settlement of cryptocurrency mining activities in the country, local news outlet Sputnik Abkhazia reported on June 24. The press service of the Ministry told Sputnik that the drafted bill was approved and sent to the Cabinet of Ministers of the republic. The proposed regulation defines legal, economic, organizational, and technical rules for the implementation of mining cryptocurrency activities in the republic.  To conduct crypto mining operations, one will have to register as a legal…

How Walmart Triggered This Ballistic Cryptocurrency Rally

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When publicly-traded companies like Walmart make a splash in crypto, they usually launch their projects on private blockchains. On those rare occasions when they hazard to venture outside these walled gardens, it’s generally on a large-cap cryptocurrency network with brand recognition: Ethereum, Ripple (XRP), and Stellar rank among the usual suspects. So when one of the world’s largest retailers announced that it would launch a food traceability platform on the public VeChain blockchain, it raised plenty of eyebrows – not to mention the lesser-known cryptocurrency’s token price. VeChain Cryptocurrency Surges…

Istanbul Tunes Ethereum (ETH), Prices Firm Above $300

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Ethereum (ETH) up 14.3 percent EIPs 1702 and 2024 to be activated in the next network upgrade During an impending Ethereum upgrade dubbed “Istanbul”, there will be activation of two approved Ethereum Improvement Proposals (EIPs) in 2024 and 1702. These two will reduce costs while simultaneously easing future network upgrades. While at it, ETH is 14.3 percent higher from last week’s close, trading at over $300. Ethereum Price Analysis Fundamentals Ethereum’s next hard fork, Istanbul, completes what wasn’t possible in the last major upgrade, Constantinople. Executed in two phases, it…

Iranian Government to Cut Off Power to Crypto Mining Until Approval of New Energy Prices

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The Iranian government will be cutting off power to crypto mining until new energy prices are approved, according to a report by local news agency Iran Daily on June 24. Mostafa Rajabi Mashhadi, an official at Iran’s Ministry of Energy, reportedly revealed that the country has seen a 7% spike of electricity consumption over a monthly period ending on June 21, 2019.  Rajabi emphasized the unusual nature of the spike, as opposed to similar time spans in the past years, revealing that the country’s power grid had evidently become unstable. …

Bitcoin (BTC) At Feb 2018 Levels, Investors Readying For $15,000?

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Bitcoin (BTC) rally, adds 23 percent Crypto awareness better than it was two years ago Presently, Bitcoin’s market cap exceeds $200 billion. These are levels last seen 17 months ago, revealing the strength of buyers. From the charts, BTC bulls are solid as buyers aim at $15,000, adding 23 percent week-to-date. Bitcoin Price Analysis Fundamentals It’s a milestone for Bitcoin. Trading at over $11,300, buyers are steadfast. However, beneath all this is BTC’s resilience. If anything, this has been a journey of pure grit and determination. After hitting rock bottom…