August 2019

Bitcoin Price Hovers Around $9,500 Following Sudden Price Drop

August 29, 2019 boss

Thursday, Aug. 29 — Top cryptocurrencies Bitcoin (BTC) and Ether (ETH) are still in the red, though XRP has managed to see minor gains on the day. Market visualization. Source: Coin360 Bitcoin is trading at $9,496 at press time, marking a 1.85% price drop on the day. Yesterday, BTC, ETH and XRP all dropped sharply in price from 5:45 p.m. to 6:20 p.m. UTC. BTC in particular fell below the $10,000 price point, and continued to slip to under $9,500 earlier today. Regular contributing analyst Josh Rager commented that he…

Telegram to Release TON Blockchain Code on September 1

August 29, 2019 boss

Telegram will release the code required to run a Telegram Open Network (TON) node on September 1, according to individuals close to the project. The news was confirmed by two individuals familiar with the project, an investor and an affiliate with TON labs. There has been a high level of secrecy around the project, and some analysts have previously raised concerns regarding the lack of activity from Telegram on advancing its proposed blockchain. Francois Pouliot, a prominent crypto analyst, said, “Is the real use-case of blockchain technology the elaboration of…

Ethereum Muscles Bitcoin Out of Tether Racket – CCN Markets

August 29, 2019 boss

The Ethereum issuance of Tether (USDT) is quickly becoming the most utilized version of the stablecoin – and pushing Bitcoin and Omni out of the game. | Source: Shutterstock Tether (USDT) transactions on the Bitcoin blockchain are losing ground to Ethereum at an ever-increasing rate. Ever since the Tether stablecoin was issued on Ethereum in January 2018, it has slowly gone on to become the most utilized version of the USDT token (of the four in existence). Data from Coinmetrics.io shows the gradual takeover of Tether transactions by the Ethereum…

Dharma Announces Closed Beta for Version 2 of Lending Platform

August 29, 2019 boss

San Francisco-based crypto lending and borrowing firm Dharma has announced the start of a closed beta for a new version of its platform. Upcoming changes and short-term timeline Dharma announced its new platform iteration in an official blog post on Aug. 29. According to the announcement, Dharma has partnered with the Ethereum-based money market Compound and will reportedly use its protocol as infrastructure for the new platform. Additionally, Dharma will now make its smart contracts open source prior to production, per the announcement. Dharma V2 is currently in closed beta,…

US SEC Reaches $10 Million Settlement with Digital Assets Issuers

August 29, 2019 boss

The United States Securities and Exchange Commission (SEC), a primary governmental regulator, has settled charges with digital assets company Bitqyck Inc. and its founders. Smart contracts and crypto mining? The SEC announced the development in a press release on Aug. 29. According to the announcement, Bruce Bise and Sam Mendez are the founders of Bitqyck — a company that provided security offerings for digital assets Bitqy and BitqyM in Dallas, Texas. The company claimed that Bitqy tokens gave investors fractional shares of company stock via a smart contract. Additionally, Bitqyck…

China Telecom Releases White Paper on 5G Blockchain Phones

August 29, 2019 boss

Major phone operator China Telecom has released a white paper on blockchain-powered smartphones in the 5G Era. China Telecom introduced the white paper at the China International Intelligent Industry Expo on Aug. 27, according to a report by local finance news outlet Sina. Existing troubles In the document, China Telecom pointed out the potential benefits of applying blockchain technology to mobile phones, including automation and transaction traceability. According to Sina, China Telecom’s white paper says that people can master their own digital asset in 5G era, while “regardless of data…

This Bitcoin Price Dump Isn’t Over

August 29, 2019 boss

The bitcoin price suffered a painful crash this week, but bulls shouldn’t imagine the worst is over. This dump isn’t finished – not even close. | Source: Shutterstock By CCN Markets: The bitcoin price suffered a massive setback on August 28th, crashing through support at $10,000 before testing the low $9,000s. We warned that this dump would eventually happen, and unfortunately for bulls, technical analysis reveals that the pain isn’t over yet – not even close. Bitcoin Price Technical Analysis Reveals Bearish Outlook The 2019 bitcoin price rally has been…

This Bitcoin Price Dump Isn’t Over – Not Even Close

August 29, 2019 boss

Cryptocurrencies Such as Bitcoin Cash Shine During Hong Kong Protests

August 29, 2019 boss

The Hong Kong protests started in June 2019 over a controversial bill and now after weeks of demonstrations, marching citizens are fighting for the future of Hong Kong. In the midst of all the activists protesting, digital currencies like bitcoin cash are being promoted as a way for people to remove themselves from China’s system. Also Read: Venezuelan Pharmacy Chain Accepts Bitcoin Cash for Medicine and Products Hong Kong Protests Continue Into the 12th Week It’s been more than 12 weeks of protests in Hong Kong that started with the…

Why Asian Tech Companies Are Betting Big on dApps

August 29, 2019 boss

The jury is still out on dApps. Despite dApp stores, smart contracting platforms, launchpads, and distributed storage solutions soaking up vast amounts of ICO money before the tide went out on that fundraising model, they’ve yet to achieve critical mass within the cryptosphere, let alone mainstream society. “It’s still early – give it time,” dApp defenders will say, and they’ve got a point. But crypto can’t stay like 1996 for the internet forever. At the moment, it feels like there are more dApps than there are dApp users. The lack…