We analyse 184 sources, 87129 news
R3 and SBI Holdings to Deal Business for Corda Advance in Asia
HIGHLIGHT

R3 and SBI Holdings to Deal Business for Corda Advance in Asia

By the first month of 2019, Japan’s SBI Holdings Inc. will broaden its investment in the blockchain solutions startup; and the launch of the Corda Settler
Poloniex Welcomes Institutional Investors
HIGHLIGHT

Poloniex Welcomes Institutional Investors

The Circle acquired exchange zeroes in on fulfilling the trading needs of large and small organizational investors
ConsenSys Fortifies its Game Plan
HIGHLIGHT

ConsenSys Fortifies its Game Plan

Employees are bracing for ConsenSys 2.0 and it’s all about making the firm more attentive and competitive through better accountability, productivity, and revenue awareness
Hot

Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App

HTC is resolved to win the race for the best blockchain phone on the market. Its commitment to the community seems to be genuine and not only have they bet on accepting payment exclusively in cryptocurrencies to promote their use but also decided to include third-party software that makes use of these technologies. In a tweet published a few hours ago by Mr. Brendan Eich, CEO of Brave Software, he expressed his satisfaction after confirming HTC’s decision to include Brave as the Exodus’ default web browser. We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone: https://t.co/J5WQrqODKa — BrendanEich (@BrendanEich) December 8, 2018 Brave Browser: Using Basic Attention Token (BAT) To Create a Better Internet Brave Browser uses blockchain technologies to improve the user experience and change the way content providers relate to consumers. The idea is to make browsing faster and more convenient by rewarding not only users for consuming content but also giving them the ability to benefit content creators. “Once you enable Brave Rewards, the Brave browser automatically and anonymously keeps track of sites each user visits. The more times that a user visits a site, the larger the proportion of the user’s monthly contribution is “ear-marked” for that content creator. When contributions for a content creator exceed $100.00 USD, an email is sent to both the webmaster of the site and the registered domain owner from your WHOIS information. The email explains how to verify the ownership of your website with Brave Software.” The token used by Brave Browser is the Basic Attention Token (BAT), a cryptocurrency that has recently gained considerable popularity, especially after the announcement that it has been supported by Coinbase to be traded on its platform. #brave the new browser from @BrendanEich @brave wants to reward users with #cryptocurrencies to see ads and make browsing cleaner and safer #DMT18 pic.twitter.com/eUnPFBjW6W — ralfscharnhorst (@RalfScharnhorst) December 6, 2018 Blockchain-Phones: The New Trend For its part, the HTC Exodus 1 Phone is a phone created by HTC with blockchain technology focused on those users who want to manage their crypto coins from their mobile phone without additional hardware. To do this, HTC developed its own hardware wallet with multi-asset support. The wallet is named Zion and runs on independent hardware embedded into the phone. The main competition of the HTC Exodus, is the Sirin Labs’ Finney Phone, a device that has similar features but runs under a proprietary Operating System developed as an Android fork. The post Brave Browser Confirmed as HTC Exodus’ Default Web Browsing App appeared first on Ethereum World News.
Ethereum World News

Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone

In a recent tweet by Brendan Eich, the CEO and Co-Founder of Basic Attention Token [BAT] and Brave, announced that Brave has been made as the default browser on HTC Exodus phones. Tweet by Brendan Eich: “We are very happy to have @Brave as default browser & to be working with HTC on their Exodus phone” In October 2018, Brave introduced the newer version of the browser which is compatible with all Chrome extensions. This version was named as Brave 1.0, which is a desktop browser with 22% faster browsing speed compared to older versions of Brave. During this announcement, the team also mentioned that they were working on multi-core capacity on the browser speed, the performance of the browser on mobile devices etc. Recently, HTC announced Exodus 1 as their first cryptocurrency enabled smartphone. The phone provides a storage solution for cryptocurrencies and gives accessibility to blockchain-based applications. An Android application named Zion, which is separated from the operating system of the phone has the ability to store all the private keys of the users. A Redditor named jajarz says: “HTC is a dying company, but they are going all in on hardware the incorporates future developments like VR, and Crypto. If they pull this off theyll be the next Apple.” Another Redditor named Gromerando says: “HTC phones run on Android, having Brave as default browser will only prevent Google from getting ur browsing habits, only if Google is not the default search engine on the browser So don’t really see the excitement as Google will still be able to track your every move” Brendan Eich, who is also the Founder of JavaScript and the Co-Founder of Mozilla project created both the Brave browser and Basic Attention Token [BAT]. The cryptocurrency BAT is an ERC-20 utility token which is used for all the advertising purchases and revenue on the browser. The post Basic Attention Token [BAT]: Brave is now available as the default browser on HTC Exodus phone appeared first on AMBCrypto.
AMBCrypto

ETH Core Developer: Ethereum’s Constantinople Hard Fork to Happen by Block 7080000 (Jan. 16, 2019)

It represents on of the most anticipated hard forks in the world of cryptocurrency history. Ethereum (ETH) and its hard fork, referred to as Constantinople, is scheduled to take place within the first few months of next year. This hard fork, with a higher level of precision, will be taking place as of the 7080000th block, which is forecasted to take place by January 16th, 2019. This was made public through a number of important developers from platform via their respectiv social media outlets, which included Afri Schoedon, and Peter Szilagi. The latter went on to state: “#Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019!” The announcement that a hard fork would take place was made in the month of July back in 2017. This announcement was made after a number of meetings and discussions between developers and stakeholders, the underlying objective of making the network perform with a higher level of efficiency and able to cut down on costs. The Constantinople hard fork suggests a full implementation of five seperate improvement protocols for ETH (EIPs). One of the more popular being the reduction of the block mining issuance of rewards for miners. This would result in a decrease from 3ETH down to 2ETH, while also acting to delay the difficulty bomb by 12 months in total. This upgrade will also be responsible for the improvement of the efficiency of the ETH network, as well as its underlying performance. Along with this, Constantinople will also allow for the network to become faster, and will have itself focusing on optimizing of the experience of the developer, and decreasing the underlying cost these same users incur. Additionally, it was concluded among the developers that Constantinople will be taking on the Ropsten Testnet to begin, after this, it will be officially launched on the main chain succeeding Devcon 4. On the other hand, putting this hard fork to use on Ropsten initially presents its own number of hurdles, with it facing a number of delays, as well as encountering a number of issues during the testnet. According to some comments made by Szilagi, the reason for the intial delay of the test net was due to a subsequent Denial of Service (DoS) attack which was faced within the EVM, the Ethereum Virtual Machine. During the testnet, the consensus bug was discovered recently. One of the other members of the core development team, Lane Rettig stated that the initial confusion over the true definition of attributes such as transaction and execution frame could have been contributing factors to the bug itself. This also cropped up a number of issues related to miners as well as the mechanism of elements such as Parity and Geth. In a later report, Rettig went on to state that there were underlying issues with the number of miners operating on Parity, Geth and Aleth for the Ropsten Testnet. Rettig went on to include that Parity boasted a limit on how far back these nodes would be able to reorganize themselves. This is due to the fork being too long for Parity-based Ethereum nodes, which is not the same case for the likes of Geth.
Bitcoin Exchange Guide

Ethereum Developers Propose Block 7,080,000 as Activation Point for Next Hard Fork

Ethereum’s open source development team has come to an agreement on when to activate the next hard fork. The much-anticipated Constantinople upgrade will take place on block 7,080,000 on the Ethereum blockchain. Constantinople is a proposed code change that will give users the option to update the blockchain with new features. The developers reached an agreement on Friday at a bi-weekly core developer meeting. From Block 7,080,000 onward, users will be able to choose to upgrade their blockchain to the new code. If you choose to upgrade your blockchain, then the update will go live as soon as the block is mined. According to Afri Schoeden, Release Manager for the Parity Ethereum client, that block is scheduled to take place on January 16, 2019, although the block could be mined anywhere between January 14 and January 18. All-core-devs call: Ethereum Constantinople upgrade happens at block 7080000 around January 16, 2019. — Afri (@5chdn) December 7, 2018 The software release will also come with an emergency switch. This switch can be flipped in case anything goes wrong with the upgrade. If the switch is flipped, then the upgrade will be delayed. Ethereum’s Constantinople upgrade was originally scheduled to take place in November. The upgrade aimed to bring a host of design changes to the popular blockchain development platform. One of the most notable changes with Constantinople is a reduced block reward: the block reward will be reduced from 3 ETH per block to 2 ETH per block. Constantinople will also delay the so-called “difficulty bomb”, a code fix designed to prompt frequent updates, for 18 months. The Ethereum Constantinople upgrade was first finalized on August 31, 2018. The upgrade proposed that five different Ethereum Improvement Proposals (EIPs) should be added to the Ethereum blockchain permanently via hard fork. The upgrade has been characterized as a maintenance and optimization upgrade with few big changes. Nevertheless, the upgrade has been relatively controversial among various members of the community, including miners who are upset about their impending pay cut. Other Proposed Changes with Ethereum’s Constantinople Upgrade During Friday’s meeting, Ethereum’s developers also discussed changing Ethereum’s underlying proof-of-work algorithm. The proposed PoW change has been labeled ProgPoW. This change would theoretically prevent ASICs from mining on the Ethereum network, ensuring the Ethereum community remains democratic and decentralized and not concentrated in the hands of a few mining giants. Developers claim that progress on ProgPoW is going smoothly, although there has not yet been a decision made on including ProgPoW in any future Ethereum updates. Developers also discussed Ethereum 1x, a proposed upgrade that may be implemented in 2019. Ethereum 1x developers gave an update on their progress during today’s meeting, although they stressed that development was still in the early stages. There was one more final change with today’s Ethereum meetings: future meetings are expected to be open. After feedback from the Ethereum community on previous closed meetings, future meetings will be open. The last meeting for the Ethereum 1x upgrade was a closed, unrecorded meeting. The community only learned details of the meeting when notes were released after the fact. On January 16, 2019, we should have more information about how Ethereum’s Constantinople upgrade will work and how miners feel about its implementation. Stay tuned for block 7,080,000, which should take place on January 16 but could take place anywhere from January 14 to January 18. #Ethereum Constantinople mainnet hard fork scheduled for block #7080000, estimated around the 16th of January, 2019! — Péter Szilágyi (@peter_szilagyi) December 7, 2018
Bitcoin Exchange Guide

Cardano (ADA), Stellar (XLM) See Green as Investors Respond to Coinbase

Cardano (ADA), Cryptocurrency, Stellar (XLM)–Yesterday, as reported by EWN, popular U.S. based cryptocurrency exchange Coinbase announced ongoing examination of  31 new currencies, including the previously announced Cardano and Stellar. Since first teasing the world with an update last July that Coinbase would be exploring five new currencies, investors have been waiting for the addition of ADA and XLM, the eleventh and fourth positioned currency, respectively, by market capitalization. However, instead of going with the more obvious choice of crypto listing, Coinbase has instead chosen an alternative route for delivering new coins to its 13 million and growing customer base. Following the announcement in July, the company has followed through with the listing of 0x, Basic Attention Token and ZCash, leaving the two more popular coins longer to wait as investors anticipate the usual price bump that accompanies listings. In addition, both ADA and XLM would provide an attractive addition for the exchange, with both constituting low price per coin, high supply currencies that are a deviation from what the exchange offers. Both coins also have strong ties to the growth of cryptocurrency, with XLM being in a featured relationship with IBM (including rumors possibly connecting the token to Facebook), and ADA having a host of ties to other projects through its founder and IOHK CEO Charles Hoskinson who also co-founded Ethereum. Coinbase has had a history of choosing tokens they believe promote the industry of cryptocurrency and the support of decentralization, a policy the company has pointed to when updating users about their coin addition process. However, as we enter the final month of the year and one of the worst bearish turns for the market in an already abysmal year for token prices, investors are having to contend with the possibility that an ADA and XLM listing on Coinbase may not occur until next year. As EWN reported last week, given the mediocre price movement for ZCash ZEC following its most recent addition to the exchange, the “Coinbase Effect” on providing substantial boosts coin prices may be a thing of a past. The bulls have still managed a slight rally for ADA and XLM on the day, with both currencies posting 2-3 percent gains in an otherwise sea of red. Interestingly, the update on 31 new currencies being explored by Coinbase also included the option of listing XRP, a coin that has had to contend with its own frustration throughout the year in relation to being added to the exchange. In the early weeks of January, while the cryptocurrency bull run was hitting its crescendo, XRP was at an all time high of $3.80 with investors pumping the price in anticipation of an addition to the exchange. Instead, Coinbase pulled the rug out from the second largest coin by market capitalization, causing its price to tumble throughout the year to a relative low of $0.25. GIven the dire situation of the crypto markets at present, with a recovery to December 2017 prices potentially still years away, Coinbase could be looking to XRP as a way to catalyze further growth to its exchange in providing users with higher market cap coins. The post Cardano (ADA), Stellar (XLM) See Green as Investors Respond to Coinbase appeared first on Ethereum World News.
Ethereum World News
DIGEST

Blockchain 101 on the Official Educational Levels (Investment and Partnership Digest, Nov 22–28)

Lot's of educational initiatives at Luxembourg, Russia and South Korea, Thai SEC's warnings, Siemens to use technology, LINE with mobile payments, etc.
DIGEST

Big Plans, Careful Moves (Investment and Partnership Digest, Nov 15—21)

Besides gaming news: KuCoin completing round A investments, Binance investing $3M in OTC, Bilbao-city offering a grant for a blockchain project, IBM and Columbia University creating accelerator programs, an Israeli institutional investor setting up two funds, Parker Wright to raise $250M, KMPG emphasises on the importance of institutional investors
$16 Million Total Investments for Blockchain Gaming Startup
ESSENTIAL

$16 Million Total Investments for Blockchain Gaming Startup

Mythical Games acquires $16 million for Series A funding round. The startup will use the acquired funds to produce games that can be modified by players, brands, and developers. The generated content will be purchasable with in-game currencies bought with real-life money

UK’s CCLA Charity Fund Executive Thinks Bitcoin Bear Market Just a ‘Bump in the Road’ for Cryptos

It seems that the cryptocurrency crash that the crypto market has recently experienced is just a ‘bump in the road,’ according to a major UK charity fund executive. James Bevan, the chief investment manager at CCLA, talked during the Bloomberg Crypto Summit in London about the current sentiment around the cryptocurrency market. He said to the audience that he does not see the market crash as ‘an existential crisis’ in virtual currencies. Instead, he believes that this is just a ‘bump in the road.’ He went on comparing the cryptocurrency market with traditional finance. He explained that institutional investors have also different problems with conventional currencies and transaction systems. CCLA is one of the largest fund managers in the country and has around £7,842 million in assets under management until the last day of March 2018. According to an article released by Bloomberg, he also believes that the future of virtual currencies will entail greater regulation. Additionally, there will be more financial institutions, lower volatility and greater integration with other traditional assets in the space. There are several companies such as Nasdaq that are entering the virtual currency space. At the same time, the Intercontinental Exchange (ICE) has also decided to launch a cryptocurrency-related platform for institutions called Bakkt. Marieke Flament, the global chief marketing officer at Circle, noted that it is beneficial to ‘getthe wheels in motion for crypto regulations.’ In this way, it will be possible to learn from mistakes and other potential challenges. It seems that there are several bullish individuals in the market about the future of the cryptocurrency space. Although Bitcoin is in a bear trend since the beginning of the current year, the future looks bright for Bitcoin and other virtual currencies.
Bitcoin Exchange Guide

EXP Asset: Is Exp Asset Crypto MLM a Legit Bitcoin Investment Scheme?

The world of cryptocurrency is suffering from the endless scams and pyramid schemes cropping up daily. In this article we focus on the Exp Asset scheme that promises a 120% return on investment (ROI) in 120 days. Is the company a legit business or is it a Ponzi scheme that chokes up your investment? The history behind Exp Asset Exp Asset claims on its website that it is incorporated in Nevis as Silesia Capital Management. The website (expasset.com) was first registered on March 10th 2018 privately raising questions on the legitimacy of the business. The website is not regularly updated and no information of the team members and founders is given on the site. This raises even more doubt as it claims to be legitimate but no one is responsible for the scheme. The company is a Multi-level marketing (MLM) scheme hence there is no legitimate reason to be incorporated in Nevis. The owners of the site point towards China, U.S and Korea as most of the website traffic comes from these three countries. How the Exp Asset MLM scheme works It crucial to note that Exp Asset has no live products or services they are offering to users other than marketing the affiliate program. The scheme promises a 1% daily on your investment for 120 days totaling 120% ROI. For a new investor to participate in the MLM they should invest a minimum of US$100. It however remains unclear how the company makes a profit to pay off their obligations. The company pays out the commissions in two major sets: referral commissions and residual commissions. The two are discussed below. Residual commission This is carried out through a binary compensation model. At the top is an affiliate with lower levels beneath. The first level has two other affiliates who are then divided into two on the next level (now with four affiliates). Each new level is twice the size of the previous level. Each day new the total amount from new recruits is added up and commissions are paid out. Affiliates are paid 10% of generated volume on their weaker binary team side. Note: To qualify for residual commissions, an Exp Asset affiliate must recruit and maintain two active affiliate investors (one on each side of the binary team). Referral commission This is reserved for investors who invest over US$1000 in the scheme. These investors enjoy an 8% referral commission on every recruit they personally integrate to the scheme. The commission is calculated daily according to the amount raised by your personal recruited affiliates. Should you invest in Exp Asset? The project looks more of a Ponzi scheme rather than an actual investment opportunity. The lack of identities of the leading team members and ambiguous nature of their selling points should raise a red flag. As is with most pyramid schemes, only a few of the investors actually profit since the MLM business depends on finding active affiliates. If affiliate do not join the profits dwindle and the pyramid collapses leaving investors with huge loses. Always be cautious before investing in such projects.
Bitcoin Exchange Guide

The Daily: Trustology Raises $8 million, SEC Fines Crypto Fund Coinalpha

U.K.-based startup Trustology, which develops storage solutions for digital assets, has raised $8 million in funding and we’ve got the news in this edition of The Daily. We also look at the SEC’s decision to fine another crypto company for breaching U.S. securities laws and HTC’s decision to have Brave as the default web browser on its Exodus 1 smartphone.   Also read: Binance Offers Multiple Accounts, Huobi Plans Institutional Exchange Crypto Security Startup Raises $8 million London-headquartered crypto startup Trustology has received $8 million in seed funding in a round led by Two Sigma Ventures, Reuters reported. The company develops a technology that helps investors enhance the security of their digital assets. According to CEO Alex Batlin, Trustology plans to use the capital to expand globally and provide support for more cryptocurrencies. The product offered by the British company is designed to secure crypto assets. It provides investors with a simple solution to safeguard the private keys that give them access to their cryptocurrencies – hardware security modules. These are specialized processors that store passwords and digital keys. Alex Batlin noted that Trustology’s product had been initially designed for banks but the startup is currently focusing more on crypto hedge funds and individual investors. He commented: The original thinking was we would build the tech and sell to the banks. They are not moving as quickly as we are and we have quite a lot of demand from individuals, as well as crypto funds. According to Matt Jacobus, a venture partner at Two Sigma, similar solutions are needed to develop a larger trading ecosystem around digital assets for institutional investors. Blockchain technology developer Consensys also participated in the funding round. SEC Fines Cryptocurrency Fund Coinalpha The U.S. Securities and Exchange Commission (SEC) has gone after another crypto company that, according to the regulator, sells securities without registration. The SEC, which has determined that Coinalpha does not qualify for an exemption, has fined the cryptocurrency fund manager and issued a cease and desist order on Dec. 7, 2018. The California-based Coinalpha Advisors, registered as a Delaware limited liability company, had been operating two digital asset funds – Coinalpha Falcon and Coinalpha Index, Finance Magnates reported. According to an announcement by the commission, the owners of the company have agreed to pay a civil money penalty of $50,000. Coinalpha also agreed to halt its offerings and pay back the fees it had collected from customers. The digital asset fund has already raised more than $600,000 from 22 investors in five states. The company has also promised to conduct a review of its online platform and marketing materials. Although the regulatory status of cryptocurrencies in the United States is still unclear, the SEC has already fined and issued cease and desist orders to a number of crypto businesses after concluding that securities laws apply to the tokens they were issuing. Brave Is the Default Browser on HTC Exodus 1 Privacy-oriented web browser Brave, which supports opt-in ads and cryptocurrency payments between users, has been announced as the default browser on the new HTC Exodus 1 phone, according to posts on crypto forums and social media. The application supports a crypto tipping system which relies on Brave’s basic attention token (BAT) and enjoys growing popularity in the crypto community. HTC has made its new smartphone available for buyers willing to pay in cryptocurrency. The device, which has been advertised as a blockchain-powered phone, can be purchased with three major digital coins. It has been offered at fixed prices in bitcoin core, ethereum and litecoin – 0.15 BTC, 4.78 ETH, and 19.84 LTC (around $500 at the time of writing). However, a message on HTC’s website reads “This product is currently out of stock.” The news comes days after the launch of another blockchain smartphone called Finney, which has been developed by Sirin Labs. The device has an integrated cold storage cryptocurrency wallet and can be purchased on the company’s website for $999. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock, Trustology, HTC. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Trustology Raises $8 million, SEC Fines Crypto Fund Coinalpha appeared first on Bitcoin News.
Bitcoin News
South Korea’s Succeeding Finance Minister to Implement Cryptocurrency Taxation
HIGHLIGHT

South Korea’s Succeeding Finance Minister to Implement Cryptocurrency Taxation

Even without existing regulatory laws, Hong Nam-ki, the incoming finance minister, revealed taxation planned for cryptocurrencies and ICOs
US Homeland Security Looks into Investigating Blockchain and Cryptocurrencies
HIGHLIGHT

US Homeland Security Looks into Investigating Blockchain and Cryptocurrencies

According to a notice circulated on 30 November, the US Department of Homeland Security (DHS) is searching for information that could help in breaking down and analyzing blockchains and privacy-centric coins
ESSENTIAL

Security Token Offering 101

A Security Token Offering (STO) is a form of raising capital for a startup by distributing tokens to investors. While ICOs mainly deal in utility tokens that grant their holders access to services and products associated with respective blockchains and dapps, security tokens can be thought of as digital documents representing the investor’s rights to equity, a revenue share, debt, etc. STOs provide a better investor protection as they need to be compliant with appropriate regulations

Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

A constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Constitutional Complaint Filed South Korean blockchain startup Presto announced on Friday that it has filed a constitutional complaint alleging that the government’s ban on all forms of initial coin offerings (ICOs) in September last year is unconstitutional, local media reported. The company has requested an appeal of the ban, according to Sedaily. Constitutional Court of Korea. Presto CEO Kang Kyung-won explained that although his company had considered alternative means such as setting up an overseas corporation to issue tokens, the Korea Economic Daily quoted him as saying, “We trusted that the government will foster [this] new industry through follow-up measures.” However, it has been more than a year since the ban and the government has yet to introduce any forms of ICO guidelines or regulations. Kang was further quoted by Sedaily as saying: As a blockchain startup company, we face a great deal of difficulties due to the ICO ban and the lack of legislation from the government and the parliament for more than a year. I am requesting confirmation of the unconstitutionality of the lack of legislation. Lawyer Explains Why the Ban Is Unconstitutional Lawyer Park Ju-hyun, who is in charge of filing this case, explained last week why the government’s ICO measures are unconstitutional, Zdnet Korea reported. He noted that the measures can be subject to a constitutional appeal if a request is filed with the constitutional court. Park said the ban is unconstitutional on two grounds. The first is that it infringes on “the basic rights of the Constitution,” such as “freedom of occupation, right to property, [and] right to equality,” Sedaily wrote. His “second point is that the basic restrictions were imposed without legal basis,” which he cited Article 37 (2) of the Korean Constitution, the news outlet added. The lawyer also referenced a recent court case where the court ruled that one of the country’s largest banks, Nonghyup Bank, illegally blocked transactions of cryptocurrency exchange Coinis. He reiterated the importance of “whether there is a legal basis,” noting that the bank’s action was illegal because it was done without a legal basis. Presto emphasized that the ban infringes on “the right to equality because it arbitrarily discriminates against ICO companies without reason,” compared to initial public offerings or other types of crowdfunding methods, Sedaily conveyed. Do you think the Korean government’s ICO ban is unconstitutional? What do you think the court will do? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional appeared first on Bitcoin News.
Bitcoin News
ICORating
Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders
OPINION

Typical ICO in Q3: a Lone Closed-source dApp Idea With Unknown Founders

On November, 16, ICORating has released its Quarterly Report ICO Market Research Q3. Total sum raised by 597 ICOs is $1,819,585,090 in Q3 (in Q2, 827 projects collected $8,359,976,282). Some more prominent facts:
Why Do We Need to Wrap Bitcoin?
OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system
AML Will Transform Cryptocurrency into a Tool of Unprecedented Control
OPINION

AML Will Transform Cryptocurrency into a Tool of Unprecedented Control

The Financial Action Task Force (FATF) plans to set international regulation standards for crypto by June 2019. According to FATF, these standards will be obligatory for exchanges, financial services providers and even crypto wallets
DIGEST

Top Upcoming and Active ICO Projects, Week 49 ’18

In the below list you'll find some new ICO & STO projects which have to be paid attention to: Jura, Kambria and LTO Network. We have also prepared the list of Top ICOs that are active: Navibration, Dataeum and Skynet
DIGEST

Top ICOs Raising Funds, Weeks 46-47 ’18

Total raised funding amount on Week 47 comes to $39.2M, which is +9.44% in comparison with the previous Week 46 ($35.5M). Total raised funding amount on Week 46 comes to $35.5M, which is -2.25% in comparison with the previous Week 45 ($36.3M)
DIGEST

Top Upcoming and Active ICO Projects, Week 48 ’18

In the below list you'll find some new ICO & STO projects which have to be paid attention to: Hiway and Membrana. We have also prepared the list of Top ICOs that are active: Bidooh and HARA

3 Alternate Strategies For Cryptocurrency Investors To Make Money In 2019

3 Alternate Strategies For Cryptocurrency Investors To Make Money In 2019 2017 was an annus mirabilis for cryptocurrencies, so much so that one could whimsically throw a bucket of paint at a wall and conjure up a Monet. This would not be an exaggeration of the euphoria that drove cryptocurrency markets to new highs in December 2017. However, those halcyon times proved typically fleeting, a distant conceit in the current climate. As we embark on Q4 of 2018, it’s safe to assume that after an incredibly bearish year almost everyone awaits the arrival of 2019 with crossed fingers and bated breath. Nearly all of the agreed upon methods for making money from cryptocurrencies fell flat and unless one shorted the market or executed swing trades with impeccable timing, multiplying one’s outlay proved to be somewhat of a Sisyphean task throughout 2018. What Happened To The Crypto-Explosion Everyone Expected In 2018? Analysts, hedge fund managers and nearly every retail investor had forecast 2018 to be the year of unbelievable gains. ICOs, mainnet launches, airdrops, cryptocurrency futures and institutional investment were expected to push the aggregate market valuation above $1 trillion dollars. While at the time, each of these components combined to form what appeared to be an inevitable rally to new heights, in hindsight, we can now review each of these categories to see how ostensibly assiduous projections can sometimes be grossly misleading. ICOs Fell Flat Initial Coin Offerings (ICO) were meant to continue exploding into a nearly trillion dollar market in 2018 and various analysts predicted Ethereum would rise from $1,400 to $3,500 – $4,000. Fast forward to the present and handfuls of ICOs have liquidated their ICO funding for fiat and the hype and constant media coverage of ICOs nearly ground to a halt. ICOs were meant to be an easy avenue for maximizing investments, but right at the start of 2018 global regulatory pressure by an assortment of governments and the precipitous decline in ETH prices made this less of a reality. Furthermore, a number of ICOs transitioned from being open investments to only allowing private and accredited investors which effectively cut out the little man. Altcoin Mainnet Launches Misfired And Airdrops Fizzled Out Once again, the general consensus dictated that altcoins would diverge from ERC-20 standard by launching their own mainnets which would lure other crypto-startups to build on their platforms. This was further underpinned by the belief that altcoin values would skyrocket as numerous partnerships with established companies looking to become a part of the blockchain revolution occurred. Investors expected to make a hefty profit from the flood of airdrops that would ensue after various altcoins transitioned from Ethereum standard to their own mainnet and while airdrops did occur, the frequency and projected price outcome failed to meet investor expectations. Profits Are Still Available, Even In A Bear Market So, since conventional cryptocurrency investing theory proved to be fallible, what options are left for turning a profit in the remainder of 2018 and the start of 2019? This is likely the question on the minds of every cryptocurrency investor. Fortunately, all is not lost and there is a guiding light at the end of the tunnel. While bullish price forecasts mostly fell short, adoption and crypto-investment platform expansion are definitely on the rise. From a technical standpoint it appears that the end of the bear market could be in sight and as Bitcoin approaches the end of the current long-term descending wedge, investors and analysts eagerly await a self-imposed deadline for either a strong upside or downside move. The larger question should be: What if it doesn’t happen? What if BTC dips below the descending triangle and the entire cryptocurrency market capitalization plummets further? The partnerships and blockchain adoption will continue. The exchanges will remain open for business. The world will keep on turning and blockchain technology will continue to grow its use cases, but what happens to investors? Or more importantly, how will investors make a buck in worsening market conditions? Let’s discuss three strategies that investors could employ while waiting on a bull market reversal. Strategy 1: Go Long On Crypto Startups With Real World Partnerships Investors may need to re-adjust their expectations and allocate a certain percentage of their portfolio toward long picks. Of course, the cryptocurrency market is fast paced, high risk and possibly better suited to day traders in 2018, but a small selection of coins that one is willing to wait 2 to 5 years on might not be the worst idea. Given the inherent volatility of cryptocurrency, it’s probably best to select cryptocurrencies that have solid partnerships with established industry players that are more likely to bear fruit over the long term. The likes of IOTA, Ripple (XRP), and Stellar Lumens (XLM) are potential contenders. Currently IOTA has partnerships with Volkswagen, Bosch, Fujitsu and DNB ASA. Ripple (XRP), while contentious among many circles, is challenging Ethereum’s status as the top altcoin with powerful partnerships and multiple use cases worldwide. GoByte Network has partnered with iVend and is well positioned for the growing crypto-payments sector. Currently, revenues from e-commerce and mobile payment processing gravitate near $530 billion and the sector is expected to rise to $886 billion by 2021. IOST develops blockchain infrastructure that serves as a bomb proof solution to the scalability issues commonly faced by Ethereum and Bitcoin. Their blockchain is fully capable of meeting the enterprise level needs that a company like Amazon or AliBaba might need and they have an impressive array of investors and partnerships. At the moment IOST price is possibly the most attractive it’s been since 2017. Stellar Lumens is ostensibly similar to Ripple (XRP) except for the fact that it is less centralized with greater focus on cross-border P2P payments rather than B2B, has its own exchange and also recently launched a decentralized exchange where each token is paired with XLM. Stellar Lumens also has an array of impressive partnerships with IBM, Shift, Deloitte and Stripe to name just a few. Strategy 2: Margin Trading While spot trading only allows betting on an asset’s price going up, margin trading provides the option of betting on an asset losing value. Using leverage borrowed from an exchange/broker, traders can bet on the price going up(long) or down(short) with more money than is possible with spot trading. The trader’s own funds towards a margin trade order is their margin and leverage refers to funds borrowed from the exchange/broker. While highly profitable, the risks are equally pronounced. Margin trading requires a strong understanding of TA(technical analysis) and is only recommended for sophisticated traders. It’s important to start with small amounts to cultivate familiarity. Genning up on some basic TA, familiarizing with support/resistance levels and key indicators such as RSI(Relative Strength Index) and MACD(Moving Average Convergence Divergence), would be a good place to start for the uninitiated. The most popular margin trading platform for cryptocurrencies are Bitmex and Deribit, both exchanges allowing leverage upto 100x on BTC futures. Bitmex also offers futures on other major cryptocurrencies with upto 20x leverage. Strategy 3: Run A Masternode To Maximize Returns While Accumulating Extra Coins Instead of investing one’s full attention to trading, investors could also consider operating a node as this provides the opportunity to earn passive income in the form of extra coins, while also remaining positioned to benefit from the price appreciation of staked coins. While operating a masternode tends to require a hefty initial investment, operators are rewarded with block rewards (tokens) of whichever cryptocurrency network they are supporting. Most operators are compensated with 5 to 20 percent of a block reward and these ‘rewards’ are meant to help compensate operators for the cost of running the node. While operating a node in 2017 required a treasure trove of capital, this year’s bear market has significantly reduced the cost and the opportunity to earn passive income on a cryptocurrency investment is worth considering. While Dash, PIVX, ZCoin are among the most widely known currencies featuring masternodes, they all pose an expensive barrier to entry in the cost entailed to run a masternode. Currently, GoByte (GBX) is one of the most affordable cryptocurrencies to operate masternodes. GoByte CEO, Hisyam Nasir believes that operating a masternode has multiple advantages, even when run during a bear market. Nasir points out that “Printing coins allows operators to save on cost and this could potentially be more effective than just holding.” Nasir also explained that,“running a node is great in a bear market, because you are printing new coins to offset downturns in price. This is much more effective than holding depreciating coins that don’t offer rewards.” While there are are list of great cryptocurrencies that one could take a stake in, GoByte already has a decent foothold in e-commerce and mobile payments. Not to mention, the sector is slated to grow to represent 46% of the global e-commerce market by 2021 and a recent report found that 40% of survey participants with some cryptocurrency awareness would be content to use it for everyday purchases. While nothing is a given, it is relatively sensible to surmise that as more vendors accept crypto-payments, GoByte token (GBX) will appreciate in value, thus making the operation of a masternode extremely lucrative. The cost of operating a GoByte masternode is a one time investment of 1,001 GBX. At the time of writing, the cost is roughly $370.00 and hosting is merely $1 to $4 per month. Visit https://masternodes.online/currencies/GBX/ to learn more about the process. Smart Investors Will Be Ready For 2019 With A Multi-Level Investment Plan On the face of it, 2018 has been a harrowing year for cryptocurrencies and unless one shorted the market it’s hard to argue against that observation. While the world’s top analysts are resolute in their belief that cryptocurrency prices will soar in 2019, nothing is a given and 2018 taught plenty investors of the dangers of making assumptions in an emerging market. Investors and traders need to conceive a multi-pronged strategy retaining a long-term vision for this nascent sector and look further than speculative short-term gains. With cryptocurrency valuations at 2018 lows this might be the best time to take stock and deploy some well thought out investment strategies.
Bitcoin Exchange Guide

SEC Is Rallying International Cooperation To Crackdown On Dodgy ICO Token Sales

SEC Rallying International Cooperation To Crack Down On Dodgy ICOs initial coin offering (ICO) sector has been instrumental in setting up the crypto industry. Coins, small and big, have been able to present their case for public attention and funds. This has led to some extraordinary gains, both in terms of financial, for the initial backers, and the technology offered by these projects. However all this, unsurprisingly, has attracted unwanted attention from scammers and con artists. Things today are at a stage where more than 75% of ICOs in 2017 were marked as scams. This year almost $5 million was lost to some sort of a con job. Thus when the head of U.S. Securities and Exchange Commission (SEC) discussed the importance of international cooperation to ensure successful investigations into these plays and general vigilance with the ICO sector, it was well received. Certa Bonum Certamen Speaking at the prestigious Harvard Law School, Steven Peikin, co-director of the enforcement division was discussing the challenges faced by his team when dealing with the unenviably “daunting task of ferreting out misconduct and, where appropriate, recommending civil enforcement actions that variously seek injunctions or cease-and-desist orders, penalties, disgorgement of ill-gotten gains, suspensions and bars of bad actors, and the temporary suspension or delisting of securities.” In his speech, the head of SEC discussed the two most common types of violations of the securities law that these offerings typically try to pull off. The first one might meet the textbook definition of what a security is, but as he points out, it is ” being sold, brokered, or traded to U.S. investors without complying with the registration requirements of the federal securities laws.” The second is more damaging to the whole industry, where “ICOs appear to be simply outright frauds — where the issuers are using excitement around the crypto-asset space to simply rip off money from investors.” Mr. Peikin had no illusions about the possible hurdles in the pursuit of justice. However, he was confident that, with international collaboration, they will be able to fight the good fight and bring fraudulent ICOs to justice. The simple fact that many of these sham offerings are located outside borders of the U.S. makes the help of overseas regulatory bodies essential. The SEC feels this helps everyone as the money that is ripped off, is from investors everywhere. Canada Shows How It Is Done. To highlight his point about international assistance, Mr. Peikin noted its immense value to the SEC in regulating the ICO sphere. He gave the example of the friendly Canadian neighbors, where regulators in Quebec, the Autorité des marchés financiers actively assisted his team. This was directly responsible for exposing the fraudulent Plexcoin token sale and allowed them to charge two Canadian residents. This he hopes will let them set a precedent and help them foster a better understanding with other regulators so that they can develop other cases. Its Still A High-Risk Investment From a modest $95 million, in 2016, ICOs have raised more than $20 billion today. This astronomical rise has been due to the booming interest in blockchain and allied fields. Although the number of ICOs have recently, as Mr. Peikin suggested, “exploded from a mere concept to a phenomenon.” It is still like any other industry, a perilous venture. “The growth in the ICO market can obscure the fact that these offerings are often high-risk investments,” he warned. “The issuers may lack established track records. They may not have viable products, business models, or the capacity for safeguarding digital currencies from theft by hackers. And some of the offerings can be simply outright frauds.” The industry has been crying out for stricter regulations and any cross-border backing that hinders the acts and actions of those with nefarious intentions, is always welcome. Whether this is a one-off act or the building blocks of a shared future remains to be seen.
Bitcoin Exchange Guide
ESSENTIAL

Security Token Offerings Could Disrupt Venture-Backed Tech Startups Positively

A handful of methods exist for raising capital, from private offerings to semi-public to a full-blown IPO or ICO. Now STOs are on the rise which might just be what tech startups need to revitalize the market
Why Blockchain Technology Is Here To Stay
ESSENTIAL

Why Blockchain Technology Is Here To Stay

We keep up the tradition of giving the stage to crypto advocates to talk about the cryptoindustry. This time we will review the usefulness of blockchain technology and why it deserves a say in the modern world
ESSENTIAL

Introduction to Avalanche

Avalanche introduces a new family of consensus protocols that are claimed to combine the best features of classic protocols and Nakamoto consensus. Described as ‘metastable’, the Avalanche protocol is actually four protocols that build upon each other. These are Slush, Snowflake, Snowball, and finally Avalanche itself
ESSENTIAL

What is Holochain?

Holochain is a framework for distributed applications. Unlike blockchains which are data-centric, Holochain uses an agent-centric paradigm. It combines technologies like Bittorrent, git and digital signatures to enable individual chains to merge, split and interact with each other in complex and secure ways
ESSENTIAL

Introduction to Algorand

Algorand is a new cryptocurrency and consensus protocol. Its two core technologies are the binary Byzantine Agreement and cryptographic sortition. Algorand’s main difference from other proof-of-stake systems is the absence of economic incentives for network participants, hence the viability of Algorand is currently a subject to wide debate in the community

Latest digest

DIGEST

Amazon reveals blockchain solution void of decentralization (Weekly Digest, week 47)

The University of Basel presented Vitalik Buterin with an Honorary Doctorate award, Japan reveals plans to jump-start regulations on ICO, Three large crypto exchanges have new offerings and other news
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.