Day: August 17, 2019

NEO Is in Talks to Integrate Celer Network to Improve Scalability

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Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability. Faster transactions, more possibilities As industry-focused news outlet Crypto Briefing reported on Aug. 17, John Wang, NEO’s director of Eco Growth, said that integration with Celer is under discussion. Celer’s platform is a solution that enables faster off-chain transactions both for payments and generalized off-chain smart contracts.  To transfer value across the network, Celer uses its native CELR tokes. According to the report, community members say that Celer is fifteen times faster than Bitcoin’s (BTC)…

Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

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Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

Binance CEO Gets Dragged by Bitcoin Fans for ‘Dumbest Crypto Tweet’

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Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the “Dumbest Crypto Tweet Award” for shilling Binance Coin.| Source: Reuters By CCN Markets: Binance CEO Changpeng Zhao got dragged on Twitter and was nominated for the Dumbest Crypto Tweet Award after he shared a story touting the popularity of Binance Coin, his company’s native token. Many of Zhao’s followers expressed skepticism when he recounted an “interesting interaction” he had with a 14-year-old boy. CZ claimed the boy refused to discuss numbers in U.S. dollars and instead “insisted…

New Zealand Rules for Crypto Salary — Have Hopes Been Answered?

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The national tax authority of New Zealand, the Inland Revenue Department (IRD), has recently published binding rulings and guidance for salaries and bonuses paid in crypto, made under s 91D of the country’s Tax Administration Act of 1994. This ruling applies only to salary and wage earners and not to self-employed individuals, and only for services performed by an employee for a fixed amount and as a regular part of his/her remuneration. While some may find this as proof that New Zealand has officially declared that income paid in cryptocurrencies is…

Hubii’s Nahmii Announces IEO and First Member of Governing Board

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Ethereum-based layer-two blockchain scaling platform nahmii has onboarded the Norwegian Block Exchange (NBX) as the first member of its governing association, according to a press release shared with Cointelegraph on Aug. 16. Created by Hubii, nahmii is designed to solve the transaction speed issue on the Ethereum network, which can reportedly manage only 15 transactions per second. This, the release notes, makes Ethereum unsuitable for large-scale commercial deployment. Explaining the principle behind its solution, nahmii said: “Nahmii fixes that by moving transactions away from the main chain to a second…

Crypto Markets Descending, With Bitcoin Price Sinking Below $10,200

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Saturday, Aug. 17 —  Most major cryptocurrency markets have seen a slight drop today, with Bitcoin (BTC) falling below the $10,200 price point, according to data from Coin360. Market visualization. Source: Coin360 BTC is trading at around $10,197 at press time, down roughly 3% on the 24-hour period to press time. Today, BTC saw a drop to as low as $9,765 before trading sideways around its current level. Bitcoin is now down almost 14% on the week, while on its monthly chart the coin is up by 6.73%. Bitcoin 7-day…

Reconciling Blockchain Technology With California Consumer Privacy Act

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The California Consumer Privacy Act of 2018 (CCPA), which goes into effect on Jan. 1, 2020, has signaled a new push in the United States to strengthen and broaden privacy regulations, similar to the trends seen in the European Union through the passage and implementation of the General Data Protection Regulation (GDPR). The CCPA affords covered consumers new privacy rights not otherwise enjoyed here in the U.S. Under the CCPA, an entity qualifying as a “business” must provide: Abbreviated disclosures regarding the personal information that is collected from or about…

South Korean Crypto Exchange Coinone Releases Criteria for Crypto Listing

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South Korean cryptocurrency exchange Coinone has released a set of criteria for determining whether to list new digital currency projects on the exchange. In a blog post published on Aug. 8, Coinone described nine criteria cryptocurrency projects should comply with in order to be listed on the exchange. Coinone will specifically consider such issues as sustainability of business models, transparency of governance, token distribution plan, vision and value, market size, use case, team formation, roadmap achievement rate and marketability. Focus on the South Korean market In detailing the criteria, Coinone…

Binance to Enter the US Market with Regulated Fiat-to-Crypto Exchange

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Binance – the biggest cryptocurrency exchange in the world by trading volume – is going to launch its U.S. division in partnership with the firm BAM Trading Services, which is regulated by the U.S. Financial Crimes Enforcement Network (FinCEN). Binance started two years ago in Malta and has now decided to officially enter the US crypto market. According to the CEO Changpeng Zhao, there is a lot going on but they will make sure to launch Binance in the US before November. According to CoinMarketCap’s data, about 20% of traffic…

A Different Look at Crypto Market and Top Assets, How Dominated Is It?

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With Bitcoin regaining market dominance of over two-thirds of the entire combined cryptocurrency capitalization, discussions regarding market share of prominent altcoins have largely left the dominant cryptocurrency discourse. Here is a different outlook on the market and on how the top cryptocurrencies stack up with the rest. Market dominance flows from alts to BTC since 2018 Market dominance between the top cryptocurrencies by market capitalization has changed over the last year. As of Aug. 19, 2018, as seen in the chart below, the three largest coins comprised 71.95% of the combined…