Day: March 9, 2020

Non-Custodial Smart Wallet Seeks to Widen Access to Crypto and DeFi

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A non-custodial smart wallet for both cryptocurrencies and decentralized applications (DApps) has sealed fresh funding as its attempts to challenge existing offerings in the industry. Speaking to Cointelegraph on March 9, Itamar Lesuisse, the co-founder and CEO of the wallet’s developer, Argent, revealed that the London-based startup had raised $12 million in a Series A led by the Sequoia Capital-backed fund, Paradigm.  Paradigm is led by Coinbase’s co-founder Fred Ehrsam and ex-Sequoia Partner Matt Huang.  This week’s funding for Argent apparently represents the fund’s first investment in Europe. The simplicity…

US Congressman Introduces Crypto-Currency Act of 2020

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A United States congressman is the latest working to clarify and determine which U.S. regulator is responsible for which digital assets.  On March 9, Representative Paul Gosar (R-AZ) introduced the “Crypto-Currency Act of 2020,” a bill that looks to choreograph a wide range of digital assets to answer to the appropriate regulator. The proposed regulatory schema As Will Stechschulte, Gosar’s legislative assistant, explained to Cointelegraph, “the bill looks to provide not only clarity, but legitimacy to crypto assets in the United States.” Gosar’s proposal divides digital assets into three categories:…

Daily Users of Brave’s Blockchain Web Browser Pass Four Million

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The cryptocurrency-powered internet browser Brave seems to be gaining in popularity, surpassing four million daily users. Brendan Eich, the co-founder and chief executive of Brave and former CEO of Mozilla, recently tweeted that Brave also has 12.2 million monthly users. As such, roughly 30% of Brave’s monthly users utilize the browser daily. Brave has also seen a steady increase in the number of its publishers — with nearly 447,000 publishers currently participating in the Brave network. Over 50% of Brave publishers operate on YouTube Over half of Brave’s publishers operate…

Bitcoin Could Fall 20% in an Hour amidst Global Market Crash, Top Analyst Fears

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If the Coronavirus epidemic and Saudi Arabia oil price war continue to spread and hurt global market growth, Bitcoin could fall by as much as 20 percent in an hour. That is according to Alex Krüger, a prominent market analyst who cast doubts over bitcoin’s ability to serve as an insurance against a global financial meltdown. His statements came as the cryptocurrency registered its biggest daily loss since September 2019 on the day that saw stock markets collapsing and oil prices crashing by more than a fifth. Bitcoin plunges to…

Combining privacy and innovation: ICO Sandbox six months on

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It’s been an exciting, interesting and challenging first six months for the ICO Sandbox – both for those externally involved in the various projects and for the ICO staff working on the scheme. Ian Hulme discusses the progress so far. In September 2019, we launched the beta phase of the Sandbox, the ICO initiative to support organisations innovating using data protection by design. The ten projects selected represent a range of industries and organisations looking for solutions to tackle some of the most fundamental questions for today’s society. How can…

Bitmain Co-Founder Launches Another Lawsuit to Regain CEO Role

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Micree Ketuan Zhan, the co-founder of leading mining hardware producer Bitmain launched another lawsuit in an attempt to regain his position as the CEO of the firm. According to a court filing in Fujan province, Zhan initiated a lawsuit against Bitmain’s subsidiary Fujian Zhanhua Intelligence Technologies and Beijing Bitmain Technologies. A hearing on the case was initially scheduled for Feb. 11. Fujian Zhanhua Intelligence Technologies still list Zhan as its legal representative and is one of the four principal subordinate entities that made a material contribution to Bitmain’s financial results…

Analyst Who Called Ethereum’s Drop to $200 Swings Long: Here’s Why

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Today’s crypto market carnage, which brought Bitcoin under $8,000 and Ethereum under $200, caught most off guard. Case in point: over $200 million worth of Bitcoin positions (mostly longs) were liquidated on BitMEX during the move, and likely many more millions were lost on leveraged altcoin positions too. There was one trader who called this crash, however, at least in the price of Ethereum. The person in question is TraderEscobar. As reported by NewsBTC, at the end of February, when ETH was trading around $230, he remarked that the cryptocurrency…

Analyst Who Called Ethereum’s Drop to $200 Swings Long: Here’s Why

boss

Today’s crypto market carnage, which brought Bitcoin under $8,000 and Ethereum under $200, caught most off guard. Case in point: over $200 million worth of Bitcoin positions (mostly longs) were liquidated on BitMEX during the move, and likely many more millions were lost on leveraged altcoin positions too. There was one trader who called this crash, however, at least in the price of Ethereum. The person in question is TraderEscobar. As reported by NewsBTC, at the end of February, when ETH was trading around $230, he remarked that the cryptocurrency…

Belgian Gov’t Will Sell $125K of Seized Bitcoin in Irish Public Auction

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Major United Kingdom and Ireland-based auction house Wilsons Auctions is putting $125,000 worth of Bitcoin (BTC) under the hammer later this month. In an announcement on March 6, Wilsons revealed the auction will be hosted by Wilsons Auctions Dublin on March 24.  The Bitcoin is being sold on behalf of the Belgian Federal government, which seized the cryptocurrency in criminal cases and is now cooperating with Wilsons’ Asset Recovery Department to dispose of the Bitcoin.  The auction will be unreserved, i.e. without a minimum price set for the winning bid.…

Can Venture Success Rate Be Outraced by Crypto?

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In a world where blockchain technology is rapidly breaking barriers and disrupting industries one at a time, the emergence of new models to replace classical crowdfunding ventures is just a matter of time. More than a decade after Bitcoin’s introduction, we’ve witnessed new crowdfunding models replacing the initial public offering for funding blockchain-fueled projects — the initial coin offering, decentralized autonomous organization DAO, the security token offering and the initial exchange offering. History indicates that if you have honey, the bees will follow. However, countless illicit schemes and scam projects…