Day: July 3, 2019

Binance to Switch Tether Addresses from Omni to ERC-20

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Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to an official announcement on July 3. In order to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning at 08:00 a.m. (UTC). The announcement notes that Ethereum’s ERC-20 based addresses will be the standard from now on, and exchange users will not be able to withdraw Omni-based USDT; however, Omni-based USDT can…

Bitcoin Price Surges Toward $11,500 as Trump Eyes USD Manipulation

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Don’t look now, but the bitcoin price is already surging back from its early July lows to trade comfortably above $11,000. And one fundamental catalyst might have come from an unlikely ally: US President Donald Trump. Trump: Let’s Join the ‘Big Currency Manipulation Game’ Earlier on Wednesday, Trump accused China and Europe of playing a “big currency manipulation game,” debasing the yuan and euro by pumping large amounts of cash into the market to make their exports more attractive. But then the president went a step further, calling for the…

Dr. Doom Lays Into Bitcoin & BitMEX After Tangle in Taipei

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Bitcoin V.S. The World Yesterday, two behemoths in the Bitcoin (BTC) world butted heads: Nouriel “Dr. Doom” Roubini and Arthur Hayes. The former is a career markets cynic that famously called 2008’s Great Recession; The latter is the chief executive of BitMEX, famous for his no-filter attitude and his eerily accurate crypto market calls. Held at Asia Blockchain Summit, one of the region’s largest cryptocurrency-related events, “The Tangle in Taipei” debate saw the duo try and trash the other, no holds barred. While both sides claimed victory, Roubini, a New…

Blockchain Dev Firm Launches First Smart Contracts on Microsoft’s .NET

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Developers can now write smart contracts in C# on Microsoft’s .NET architecture. Blockchain development firm Stratis Group Ltd has launched the first smart contracts on Microsoft’s .NET architecture, according to a press release shared with Cointelegraph on July 3. The company has introduced the Cirrus Sidechain Masternodes and Stratis Smart Contracts products designed to enable businesses to develop smart contracts in the programming language C#, a general-purpose language originally developed by Microsoft within its development platform .NET. This will purportedly allow enterprises to deploy smart contracts on one underlying general-purpose…

Ripple Incubator Xpring Announces $500 Million Invested in XRP Projects

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Ripple incubator and investment arm Xpring has spent $500 million on XRP projects since its launch in May 2018, according to an official blog post on July 2. These funds have reportedly been distributed to over 20 companies, including the blockchain-based gaming platform Forte. In general, the report says that Xpring investments are intended to create use cases for Ripple’s XRP token. They hope to accomplish this by making development easier, and say they are supporting developers by providing “tools, libraries and services for developers on the XRP Ledger and…

Intel Co-Sponsors New Hyperledger Transact Project

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Global tech giant Intel has co-sponsored a new blockchain programming project by major blockchain tech firm Hyperledger, according to a Forbes report on July 3 Officially released on June 27, Hyperledger Transact is a new tool that aims to boost the compatibility of blockchain networks by providing a standard interface, or a shared software library for smart contracts execution. Michael Reed, Intel’s blockchain program director, said in an interview with Forbes that the main purpose of the company’s efforts in blockchain development is to ensure that distributed ledger technology solutions…

Bitcoin’s Recent Volatility May Influence Regulators to Shut Down ETF Proposal

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With price the price of bitcoin (BTC) going as high as $13,900 before crashing to $9,900 within the span of a few days, Jeff Dorman, the CIO of Arca, believes the case for a Bitcoin ETF has become much weaker as regulators watch the massive price swings, reported by Bloomberg, July 2, 2019. Likelihood of ETF Declines The excessive volatility in crypto markets has always been the SEC’s main concern when approaching an ETF. For the most part, retail investors don’t know the difference between manipulation and more technical price…

Gram Asia to Sell Telegram Tokens at Three Times ICO Price

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South Korea’s Gram Asia is selling rights to its Gram holdings at $4.00 per token starting July 10, according to a report by Bloomberg on July 3. The proposed sale price is triple the original $1.33 sale price at Gram’s second initial coin offering (ICO) round in March 2018. The sale on July 10 is apparently happening exclusively through Japanese cryptocurrency exchange Liquid, as per its website. Liquid also hosted the Gram ICO in March, at which time Telegram raised $850 million, bringing its total valuation up to $1.7 billion. …

Blockchain Firm AmaZix is Tackling Crypto Scams on Telegram

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When something becomes popular, illegal activity tends to follow. The cryptocurrency market knows this all too well, which is why AmaZix this week opened up its “moderation bot” so crypto scams can be booted from Telegram, a popular messaging app. Here’s what we know. Telegram Crypto Scams On Wednesday, AmaZix, a blockchain advisory firm, said it was opening up access to its “moderation bot,” in an attempt to boot the crypto scams that have found their way to the Telegram app. For the past two years, AmaZix has used the…

Bitcoin (BTC) Recovers As Momentum Returns on Strong Technical

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After the poor year that it had in 2018, many had written off Bitcoin (BTC) for good, but this year the cryptocurrency has come back with a bang and went on a rally that eventually mirrored the astonishing rally in the second half of 2017. After enjoying a hugely impressive rally for much of 2019, the cryptocurrency experienced a decline through the weekend to Tuesday, when it fell to $9,614. Solid Recovery However, on Tuesday itself, the rally resumed for Bitcoin, and the most valuable cryptocurrency in the world gained…