Day: December 17, 2019

The Productization of Bitcoin Maximalism

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More crypto businesses are transitioning to or choosing to focus exclusively on bitcoin only from the beginning, in some ways representing a productization of bitcoin maximalism. In China, however, the government is cracking down fiercly on resurgent crypto businesses that have taking President Xi’s positive comments about blockchain as an excuse to operate more openly. Interestingly, the attitude of many US financial firms seems to be shifting from a version of “blockchain not crypto” to “digital assets not blockchain” as they begin to adapt to demand from customers. Disclosure Read…

4 Reasons Why Bitcoin Is Now Retesting November Lows — $6.4K Next?

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On Monday Bitcoin price (BTC) abruptly fell below the $7,040 support and dropped to $6,800. As recent as Nov. 22 and Nov. 27, $6,800 served as support so a number of traders had already identified the price as the point where Bitcoin would land if the price pulled back. Cryptocurrency market daily overview. Source: Coin360 At the time of writing Bitcoin is struggling to hold $6,600 and if the current level fails to hold, traders will look for the price to follow the familiar pattern of dropping to the long-term…

Former SEC Senior Counsel Joins US Security Token Platform As Chief Legal Officer

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Security token platform TokenSoft has hired Alex C. Levine, formerly of several key United States financial regulators, to handle compliance for all security offerings. In a Dec. 17 press release, the San Francisco-based token issuance platform announced the hiring of Levine as its new chief legal officer of TokenSoft and president of DTAC, TokenSoft’s affiliate transfer agent. Mason Borda, CEO of TokenSoft, said that Levine will help the firm to ensure that its customers receive the “best-in-class” compliance tooling for security token issuances, adding: “Alex’s regulatory and blockchain experience will…

Bitcoin Halving Search Trend is Surging, But Why is Price Stagnant?

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Searches on Google for the term “Bitcoin Halving” are much more common than they were four years ago. This has led one cryptocurrency analyst to conclude that the top will be much higher than those seen during previous bull markets. Although Google search volume is up for the term this time around, with less than 150 days before the event, price has yet to start moving. However, previous halvings have only seen major price gains in the period following the event itself. Does Bumper Search Volume for “Bitcoin Halving” Mean…

ISIS Turns to Blockchain-Based Messaging App Following Telegram Ban

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Terrorist organization ISIS has turned to blockchain technology to anonymously spread videos and propaganda to thousands of people worldwide. A Vice report on Dec. 13th noted that experts who track ISIS’s activities online have found that supporters of the terror group are currently experimenting with blockchain-based messaging app, BCM. On the subject, a BCM spokesperson told Cointelegraph: “Our goal is to provide the most secure channel of communication and to safeguard the freedom of digital communication of our users, as we firmly believe that it is the cornerstone of any…

Bitcoin (BTC) Suddenly Tumbles Below $7K Mark

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The first six months of the year were a remarkable time for the crypto space, as Bitcoin (BTC) went on a rally that was reminiscent of the one that had taken place in 2017. However, times have proven to be a lot tougher since then, and over the past few weeks, the world’s biggest cryptocurrency has experienced plenty of turbulence. In a new development that will likely create more panic among BTC traders, there was a massive selloff in the crypto market. Consequently, the BTC price crashed as well and…

Block.One’s Venture Arm to Dole Out $50K Grants to Promising EOS Projects

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EOS VC, which is headquartered in Hong Kong, was established with a mandate to invest more than $1 billion into a diversified portfolio of companies and projects that use the EOS protocol. Michael Alexander, who was previously head of Jefferies’ Group Asia, was appointed CEO of EOS VC in July 2018. Source If You Liked This Article Click To Share 50kArmBlockonesDoleEOSGrantsProjectsPromisingVenture CryptoX Portal

‘Anonymity Vouchers’ Could Bring Limited Privacy to CBDCs: ECB Report

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Anonymous vouchers, the report states, “are simply a technical tool used to limit the amount of CBDC that can be transferred anonymously. This means that limits on anonymous CBDC transfers can be enforced without recording the amount of CBDC that a user has spent, thereby protecting users’ privacy.” Source If You Liked This Article Click To Share AnonymityBringCBDCsECBLimitedPrivacyReportVouchers CryptoX Portal