We analyse 184 sources, 107780 news
Ethereum Fork Rescheduled to 27 February
HIGHLIGHT

Ethereum Fork Rescheduled to 27 February

Lead developer, Péter Szilágyi, announced the new schedule for Ethereum Constantinople will be on 27 February. The team is aiming for block 7,280,000 for the fork
Update: Legality of Cryptocurrencies as for the Beginning of the Year
HIGHLIGHT

Update: Legality of Cryptocurrencies as for the Beginning of the Year

We at Finrazor present list of countries and updates on the legality of cryptocurrencies, updated for the fourth quarter of 2018 (full list: https://finrazor.com/trending/country)
US University Professors Design a Cryptocurrency Called Unit-e to Surpass Bitcoin in Scalability
HIGHLIGHT

US University Professors Design a Cryptocurrency Called Unit-e to Surpass Bitcoin in Scalability

The new cryptocurrency is developed by a group of professors from different US universities; will launch in the second half of this year
Hot

R3 And ING Bank Make 5-Year a Deal for Unlimited Corda Blockchain Development

The consortium startup Corda and the Dutch banking group ING have recently decided to make a 5-year partnership for the usage of the Corda blockchain. The announcement was made by R3 and the deal is set to let the ING group use an unlimited number of licenses for the platform. This way, the bank will be able to use the blockchain technology freely and CorDapps (Corda Distributed Applications) across all kinds of services. CorDapps is used to help in many activities like trading, finances, capital markets and identity. R3 CEO David Rutter has affirmed that ING will take full advantage of the technology created by the consortium and that the company is looking forward for this partnership so that they can help the bank to achieve better results with more efficiency, profitability and productivity. Annerie Vreugdenhil, head of innovation for ING, describes the deal as a huge milestone for the company and in the transition for a more distributed economy instead of a centralized one. According to her, the bank is on the verge of deploying DLT solutions for clients which will improve greatly the quality of the banking services. ING And R3 Have Partnered Before This is not the first time that these two companies are partnering up. ING, together with Commerzbank, Natixis and Rabobank (all banks from Europe) have used the Corda blockchain last year to make a commercial paper transaction worth $100,000 EUR. ING has also partnered with R3 in February 2018, when the companies used Corda to complete a proof of concept project together with Commerzbank and BNP.
Bitcoin Exchange Guide

Haven Protocol [XHV]’s “exit scam” put on hold as developer comes back to shoo away the FUD

The Haven Protocol community panicked as they believed that the developer might have abandoned the project and it could turn out to be yet another “exit scam”. The panic was thwarted as the developer came back from what seemed like a long absence and confirmed that the exit scam was just FUD. The developer’s Twitter handle @havendev was tagged in a thread on January 21, 2019, by a user @cryptoblkbeard saying that Haven Protocol was an exit scam. The thread contained a screenshot of a Discord chat of user @news.ctuler who seemed distraught due to the absence of the core developer of the project. news.cutler said: “Consider this project dead unless some devs take it over. @havendev is apparently the only person with access to the code repository was asked weeks ago to open it up so other contributor could help out and review the code. Ever since then we haven’t heard from him.” He continued saying that the developer was asked to make the dev fee transparent and there was still no reply from the core developer. news.cutler said that he would be gone even if the core developer showed up. Another Discord user @donjor said that he concurred with news.cutler and that they could fork the repository if need be and as long as it helped the Haven community. He said that he would try and connect with @havendev and gain access to the code. After all the commotion on Twitter and Discord, the developer reached out to the community and put an end to the FUD of Haven Protocol being an exit scam. He said: “Haven development has been ongoing. I have still been working on the offshore code through Christmas and new year. I stepped down from running the Discord and social networks 4-6 months ago and handed that control over to @donjor and @news.cutler. In light of the insane amount of FUD, and although I want to keep the offshore code under wraps I will prepare it and hand it all to the team so that they can hire new devs to work o nn it. I will continue to help the team where I can.” More updates from the community about the code repository are yet to surface. The price of XHV dropped on January 21, 2019, and it has spiked up from $0.3097 to $0.3679. The 24-hour price change shows a massive 9.17% increase after the positive news about the dev. The post Haven Protocol [XHV]’s “exit scam” put on hold as developer comes back to shoo away the FUD appeared first on AMBCrypto.
AMBCrypto

S. Korean Exchange Accidentally Sends $5 Million Worth of Bitcoin (BTC) In Error During Airdrop

An airdrop mishap worth $5 Million in Bitcoin (BTC) and other cryptocurrencies was sent to customers of the South Korean exchange of CoinZest. The exchange was meant to send an airdrop of We Game Tokens (WGT) but a computer error resulted in users not only getting BTC and other cryptocurrencies, but deposits in the fiat currency of the Won. The exchange posted the following notice on its website as soon as the incident was identified: The WGT token airdrop process caused a computer error that incorrectly reflected the deposit details of some customers’ assets … we took measures to immediately check the server to prevent any additional damage as a result of the sales and purchases of some misappropriated assets by some customers. Some Users Tried to Sell or Withdraw Their ‘New Funds’ Initially, 400 members were meant to receive the WGT tokens but the computer error resulted in the aforementioned deposit of $5 Million worth of BTC, other cryptocurrencies and fiat into their wallets. About 10 members tried to sell about $530,000 worth of cryptocurrencies or to withdraw money denominated in the Korean Won. The value of BTC and affected cryptocurrencies fell significantly on CoinZest as the users tried to sell their new fortune. The value of BTC managed to drop to around $883 at around 7pm, January 18th. After the incident was identified, CoinZest halted trading and performed necessary checks on its servers. Trading was resumed the next day with trading activities restored to 6:33 pm, January 18th, and right before the incident happened. The exchange identified this time as when there was the last normal transaction on the exchange. CoinZest went ahead and requested users to return the assets sent to their accounts by mistake. A majority of them have promised to return them. A representative of the exchange explained this as follows: More than 10 members have tried to pay about KRW 600 million worth of passwords and withdrawals worth KRW 600 million even though they have noticed a mistake in deposits and computer errors. We immediately contact the customer to request asset return.  Coinzest CEO Jeon Jong-hee, apologized about the incident and promised to increase the platform’s system response to such emergency situations. He is quoted as saying: I am extremely sorry that I have caused an unexpected computational error to customers … I am very sorry for my customers. What are your thoughts on the computer error that caused a massive airdrop of BTC and other cryptos to users of CoinZest? How can it be avoided? Could you have returned the airdroped digital assets? Please let us know in the comment section below.  [Image courtesy of Shutterstock] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post S. Korean Exchange Accidentally Sends $5 Million Worth of Bitcoin (BTC) In Error During Airdrop appeared first on Ethereum World News.
Ethereum World News

First Few Weeks Of 2019 See Initial Coin Offerings Raise $90 Million Total (Chelle Coin Is $80 Million)

If you thought that 2019 would be a better year for Initial Coin Offerings (ICOs), there is a real chance that you are in for some disappointment. According to information that was published by Icobench, which tracks this kind of investment, ICOs have raised only $90 million USD in the first two weeks of 2019. What is even worse is that $80.2 million USD are only from a single successful ICO, Chelle Coin. This means that most ICOs are suffering a lot to survive in the new reality of 2019 while only one was able to get most of the money so far. According to the information released by Icobench, 47 ICOs were launched during the first week of the year and there are 424 ongoing projects at the time. Despite there being so many ICOs, most of them will fail. Only $6 million USD was collected in the first week of the year. This was the weakest week for ICOs since 2017. The second week was considerably better but mostly because of Chelle Coin, an ICO that was described as being backed by the North American True Estate and was able to get $80.2 million USD. Excluding the company, only $3 million was raised. This shows just how unsuccessful ICOs are at the moment. Despite many predictions that they are the future, most investors are burned from losing a lot of money during 2018 and they simply do not believe so much in ICOs anymore, which can become an endemic problem for the industry if trust is not regained. Declined Started In The Second Half Of 2018 The slow start is not very surprising, though, as ICOs are on a movement downwards since the second half of 2018. The final six months of the year saw a steep decline in how people invested. ICO investment fell by 65%, going from an average of $1.45 billion USD to around $500 million USD. Almost all months were behind the monthly average of the year, too. Individual ICOs also started to fall. They could get at least $24.4 million USD each in 2017 but fell to 11 million USD each in 2018. When you consider that the beginning of the year was considerably better for ICOs, it is not hard to see how catastrophic the end of the year actually was. Singapore Was The Leading Country For ICOs In 2018 Curiously, the report shows that Singapore was the nation that raised more money with ICOs: $1.54 billion USD from 275 offerings that happened in the country. The United States had more ICOs, 288, but with less money for them, $1.22 billion USD during the year. The UK ranked third in 2018 with 222 ICOs and only $945 million USD raised. Countries like India and China banned ICOs, so even being large, they did not raise money with ICOs. This made some interesting countries rank in fourth and fifth. In fourth were Cayman Islands and, in fifth, Switzerland. The first one had $917 million USD from 56 offerings and the other one, $845 million USD from 136 offerings.
Bitcoin Exchange Guide

Airdrop Mishap Causes Korean Exchange to Accidentally Send BTC to Customers

A South Korean crypto exchange mistakenly sent its customers BTC and other cryptocurrencies due to an error during an airdrop. Some users immediately sold the coins, causing the prices of a number of cryptocurrencies on the exchange to sharply fall. The exchange said, however, that the majority of customers have agreed to return the funds. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Airdrop Error South Korean cryptocurrency exchange Coinzest reportedly sent its customers BTC and other cryptocurrencies while trying to airdrop WGT tokens. The exchange posted a notice on its website that at approximately 18:30 p.m. Korean time on Jan. 18: The WGT token airdrop process caused a computer error that incorrectly reflected the deposit details of some customers’ assets … we took measures to immediately check the server to prevent any additional damage as a result of the sales and purchases of some misappropriated assets by some customers. The exchange’s computer program “allocated a particular cryptocurrency to the event,” Sedaily explained on Monday, noting that “Coinzest originally tried to airdrop 30,000 WGT coins, but accidentally entered data to airdrop other coins.” An official of the exchange said that about 400 members were supposed to receive WGT tokens, Hankyung publication reported, adding that other cryptocurrencies such as BTC and ETH were sent to members’ wallets. The news outlet elaborated that “about 10 members tried to sell about KRW 600 million worth [~$530,000] of cryptocurrencies or to withdraw money in Korean won even though they recognized the mistake of depositing money and computer errors. [Therefore] there has been a problem of rapid price decline.” The price of BTC and a number of other cryptocurrencies on Coinzest subsequently plummeted at about 7 p.m. Korean time on Jan. 18, with BTC’s price falling to 999,000 won (~$883) from over 4 million won. Prices of cryptocurrencies on Coinzest at about 6 p.m. Korean time on Jan. 18. Image credit: Blockinpress/Coinpan. Image credit: Sedaily Asking Customers to Return Coins After detecting the problem, Coinzest immediately halted trading and performed a server checkup, according to a notice on its website. It then resumed trading the next day. “The asset and transaction information was restored to 18:33:18 on the 18th, the last time a normal transaction occurred before the computer error occurred,” the exchange clarified. Hankyung detailed: Coinzest immediately contacted the customers and asked them to return their assets. The majority of the members promised to return [them]. Coinzest CEO Jeon Jong-hee was quoted by the publication as saying, “I am extremely sorry that I have caused an unexpected computational error to customers … I am very sorry for my customers.” He added that his exchange’s emergency response system will be strengthened to prevent the problem from recurring. An official of another cryptocurrency exchange commented that the fact that a staff’s mistake can lead to this error means “there is always a possibility of tampering with the exchange system,” Sedaily reported. He further asserted that the government will not be able to trust exchanges to manage transaction records. In April last year, another South Korean crypto exchange, Cashierest, suffered an internal system error that allowed its users to withdraw more coins than they requested. What do you think of Coinzest’s airdrop error? Let us know in the comments section below. Images courtesy of Shutterstock, Coinzest, Blockinpress, and Coinpan. Need to calculate your bitcoin holdings? Check our tools section. The post Airdrop Mishap Causes Korean Exchange to Accidentally Send BTC to Customers appeared first on Bitcoin News.
Bitcoin News
DIGEST

The Perfect Time to 'Be Greedy' and Invest (Investment and Partnership Digest, Dec 20 — 26)

Traditional Investors shift to OTC Bitcoin markets, Pantera Capital raises $115M, Peter Thiel backs a $2.1M seed round for Layer1, Medici Ventures acquires shares of Chainstone Labs, Vostok Project secures $120M, Ubique Networks partners with SLT, INCX launches in partnership with Bittrex, Issuance partners with Prime Trust, Coinbase and TokenSoft partner up, TRON Arcade to work with Gumi Cryptos
DIGEST

What Is the 'Least Speculative Investment' & Who Will Create Standards for the Crypto Industry (Investment and Partnership Digest, Dec 13 — 19)

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool
DIGEST

Institutional Trend Is Growing As Well As the Number of Partnerships (Investment and Partnership Digest, Dec 5 — 12)

Trustology gets $8M, Coinbase launches OTC, BTC scams Singapore investors, UNICEF invests in six blockchain startups, Klaytn partners with Watcha and Atlas, Raise partners with African Legal Network, NEM plans to work with GUBI, Blockchain Association and eToro become partners, Tokeny partners with Security Token Network, Maker Ledger launches partnership with Neufund, KuCoin partners with Shrimpy, BitMart announces partnership with CertiK, SBI Holdings partners with R3, TokenIQ teams with DealBox

Swiss Crypto Wallet Startup Tangem Secures $15 Million Investment from Japan’s SBI Group

Tangem is a Swiss Startup, which is responsible for making a slimline hardware wallet that works as a “smart banknote for digital assets.” The hardware design allows customers to use it like a bank card, and off-chain transactions in person can be performed, like in-store payments. All the user needs to do is use an NFC-enabled smartphone to load crypto assets onto the device for spending. As a result of their progress, SBI Group, a financial services giant in Japan, has decided to invest $15 million in their work, which was announced on Monday. According to the startup, the newly secured funding will be used to help with their technology to support stablecoins, initial coin offerings (ICOs), tokenized asset offerings, digital identity, and other areas. SBI confirmed their support separately. SBI’s statement refrained from documenting the exact amount of their investment. However, they state the funding was possible through SBI Crypto Investment, which is their wholly-owned subsidiary that seeks out investment opportunities involving digital assets. The decision to invest in Tangem was allegedly due to their “inexpensive” and “robust” product, which could help with the demand for crypto products in general, especially for SBI. Yoshitaka Kitao, the representative director, president & CEO of SBI Holdings, said, “The Tangem hardware wallet, which is highly secure and affordable, is an important tool to promote mass adoption of digital assets and blockchain. We believe utilizing Tangem will help stimulate the demand for other blockchain services provided by SBI.” Last year, in October, SBI Group chose to partner with Sepior, a blockchain security startup in Denmark, aiming to create a digital wallet that would serve them on VCTRADE, which is their crypto exchange. Earlier in March, the group had made another investment with a cold wallet creator named CoolBitX, giving them a 40% stake. Hardware wallets are growing in their demand, considering the many hacks that digital wallets are posing by being connected online, where hackers can access them. In the first half of 2018 alone, Japan lost 60.503 billion yen, which is around $540 million worth of cryptocurrency. Over the last 18 months as a whole, another report suggests that cyberattacks have caused the loss of $880 million around the world.
Bitcoin Exchange Guide

Bitcoin is Like Trading Gold with 100x Leverage, Next FOMO Round Will be Moon Bound: Crypto Fund Founder

This weekend, Alistair Milne took to Twitter to share why he is still bullish on Bitcoin despite the leading cryptocurrency suffering an 80 percent crash from its peak and its future. The co-founder and Chief Investment Officer of Monaco-based Digital currency fund, shared on this Twitter thread, that the asymmetric nature of Bitcoin remains true even today. Still Bullish 1/6:As early Bitcoin investors, we used to speculate about how it was an 'asymmetric investment opportunity' … i.e. you could lose 80% OR make several multiples on your investment — Alistair Milne (@alistairmilne) January 19, 2019 “Now, with more regulatory certainty & BTC being ~80% down from ATH, the asymmetric opportunity is absolutely explicit. Bitcoin may drop and/or eventually retest its ATH (5x) … at a minimum.” He further explained the next time Bitcoin reaches the all-time-high, he won't be selling, “The probability that Bitcoin matches its ATH price again and doesn't then continue past it seems very low. Each wave of adoption is an order of magnitude bigger than the last. Price expectations of HODL'ers rises exponentially (I won't be selling at ~19k next time).” At this point, after a decade of its existence Bitcoin has gained mainstream awareness and once the leading cryptocurrency achieves another peak, FOMO is going to hit the market hard, “Bitcoin has reached mainstream awareness (almost everyone has heard of it) and so when it proves it is ‘not dead' yet again, the FOMO will be larger than ever… (imagine 100mil people buying). Not to mention the massive progress in helping institutional money participate.” Milne further talked about Bitcoin being the Gold 2.0, “Investors are now very aware that Bitcoin is like trading Gold with 100x leverage and, next year, Bitcoin's inflation/production rate will actually be *lower* than Gold's” No-one appears to doubt the usefulness of Gold as an investment, they shouldn't doubt Gold 2.0.” Recently, Tyler Winklevoss stated that Bitcoin would surpass even the $7 trillion market cap of gold, “Our thesis around Bitcoin’s upside remains unchanged. We believe Bitcoin is better at being gold than gold. If we’re right, then over time the market cap of Bitcoin will surpass the ~$7 trillion market cap of gold.” The similar thoughts are shared by Nick Szabo, a computer scientist, and cryptographer who says gold has a problem in the way that “they’re physically vulnerable. When the Nazis conquered countries in Europe, the first place they went to was a central bank’s gold reserves.” Also, “There’s going to be some situations where a central bank can’t trust a foreign central bank or government with their bonds, for example. One solution that’s been developed is to have the Swiss government hold it for you – that’s not a trust minimized solution. The Swiss government itself is subject to political pressures and so a more trust-minimized solution is cryptocurrency.” The belief in Bitcoin to surpass gold is persistent in the crypto industry as earlier in this month, Crypto venture capitalist Lou Kerner, shared similar bullish view for Bitcoin when he said, “What it’s evolved into today is a store of value. And today, the main store of value is gold. It’s an $8 trillion thing. Bitcoin today is around $60 billion, so I think it has an opportunity to actually replace gold as the dominant store of value, in which case it can go up more than 100-fold from where it is today.”
Bitcoin Exchange Guide

New Icelandic Venture Studio Aims to Fund Companies Who Provide Decentralized Solutions

Iceland Venture Studio, a new studio in Reykjavik, Iceland has announced that they are pursuing to fund companies that provide decentralized solutions in sectors like energy, logistics, health and more. They have bought together a toolbox for founders of companies with what they call a Developer’s Ecosystem. The Developer’s Ecosystem is a growing multi-disciplinary team of developers, designers, marketers, analysts, scientists and operators who are passionate about solving hard problems and building companies. Building a company is hard, especially if you are a first-time founder, a scientist or a technologist. They have had the opportunity to work with a number of Founders and Entrepreneurs who have also built a global network of investors, mentors, advisors, and operators with the same obsession as ourselves in helping founders step up to the next mega-trend. “Personal data, privacy, and security are acknowledged mega-trends that are ready for decentralization. We believe in investing in founders and companies who understand and are accelerating the adoption of this technology shift to leverage customer centricity. We believe the next generation of founders and companies that are changing the nature of data capture, processing, interactivity and algorithmic development of value with the human-machine interaction will lead us into the age of AI and AR,” said co-founder Bala Kamallakharan. The blockchain is not the ultimate technology requirement for considerations of the grant. Although it helps the portfolio. In the beginning, they have decided to fund RetinaRisk, 50Skills, and FLOWVR. “We understand exponential growth and power-law distributions. We don’t want the founders to walk alone in that journey. We are founders in our own right; we think founders have the uncanny ability to see the future when many do not and to see value where no one sees the value that is true strength,” said the team on their website.
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DIGEST

Let's Talk About Blockchain and Future (Regulatory Digest, Dec 28 — Jan 09)

Japan and Hong Kong are considering ETFs, Japan banks may issue own currencies, positive developments from India, Malta and Dubai having intentions to become 'blockchain'-territories, new regulation by Texas, cautions on Bermuda's draft regulation, and Israeli official's negative opinion
DIGEST

Crypto-Friendly Tax Proposals vs. Stricter Regulations (Regulatory Digest, Dec 14 — 20)

Vlad Nistor is arrested, Switzerland to relax laws, Iran affirms blockchain can help, France rejects tax changes, Russia allows to invest in ICOs, Italy suspends two crypto companies, Hong Kong considers stricter laws, Abkhazia requests mining regulations, Japan publishes a new crypto regulation draft, Russian lawyers to help the crypto industry, France blacklists four crypto websites, Bahrain issues a crypto regulation draft, Russian will not amend its crypto bill
DIGEST

'Overlapping Regulations' Has Caused a 'Confusing Mix of Classification and Requirements' (Regulatory Digest, Dec 07 — 13)

India thinks whether to ban or not BTC, Upbit states the importance of crypto regulation, Dutch central bank to regulate crypto companies, Spain is preparing a draft regulation bill, South Korea convenes for debate with seven crypto exchanges, Chile declares that crypto regulation is in progress & other news on regulation

India: Banks ask customer to sign consent form over cryptocurrency regulation breach

The cryptocurrency market in India has not been up and running and maybe a far fetched dream at the moment. The banks in the country are also taking all step possible to prohibit their customers from using their services for cryptocurrency transactions. Recently, HDFC bank joined the wagon of banks forcing their customers to sign a contract. Source: Twitter According to Twitter user Crypto India YT, the HDFC bank made their customer sign a consent form after tracking some crypto trading activities. As per the Twitter user, the bank asks the customer to come to the bank and sign a form where they consent to the bank’s decision of shutting their account if they continue with crypto trading. An excerpt from the letter read: “I/We authorize the bank to close the above account without any further notice if it is observed in future that transactions have been carried out for Bitcoin/ virtual currencies.” Previously, many crypto-users in India had called out Kotak bank and Digibank for forcing the customers into signing the terms and conditions that forced the users to not do any transactions related to cryptocurrency. Recently, Kotak bank was in news, as it sent a notice to the account holder who had made a certain transaction in crypto, of shutting down the account within 30 days. The statement from the bank read: “We have observed few transactions in your account with brokers / traders, dealing in virtual currencies. Since these types of transactions are not permitted in India, we are constrained to place a credit freeze in your account. Further as per the extant guidelines, we are required to exit such relationships where transactions with brokers / traders, dealing in virtual currencies are observed.” However, the crypto-users have found a way to hack the system and continue the way they use their bank accounts without being flagged. The users informed the crypto community in India to not mention terms in relation to cryptocurrency while performing any transactions. The Chief Executive Officer [CEO] of crypto exchange in India WazirX, Nischal Shetty told the publication: “Majority of the people understand not to enter such terms in the remarks. So simply avoiding entering anything related to crypto in the payment remarks is more than enough to avoid any problems from banks. There’s no other way for banks to know if a P2P transaction was done to transact in crypto.” The post India: Banks ask customer to sign consent form over cryptocurrency regulation breach appeared first on AMBCrypto.
AMBCrypto

Bitcoin [BTC] given same legal status as money in Wyoming

In what could be a huge step towards the acceptance and wider use of cryptocurrencies such as Bitcoin, the U.S state of Wyoming has introduced cryptocurrency legislation in the House that aims to bring legal clarity to the still nascent field. With this legislation, Wyoming aims to make itself a haven for such cryptocurrency and blockchain businesses by positioning itself as ‘forward-thinking’ and ‘responsive’ to the needs of the growing industry. If passed, it would be synonymous with how countries such as Malta and Estonia have realized the potential of the field to emerge pacesetters. As Senator Ogden Driskill of the Wyoming 1st District said, “The legislation, all taken together make Wyoming the Silicon Valley of Blockchain and Cryptocurrency of the nation and arguably—the world.” The state of Wyoming had already exhibited its increasing interest in inviting blockchain businesses to its state by passing two bills to regulate the cryptocurrency market way on 12 January 2019. Last year, San Francisco-based cryptocurrency exchange, Coinbase had also resumed business in the state after a long hiatus. The new legislation, as reported by Forbes, has a few key features that have excited many in the cryptocurrency business. For starters, the bill offers legal status to digital currencies such as Bitcoin, recognizing peer-to-peer transactions of cryptocurrencies and thus, giving it the same status as money. Secondly, the bill further reinforces its recognition of digital assets by authorizing banks to supervise such assets, and even taken them under custody, if needed. The bill offers new hope for many in the cryptocurrency and blockchain industry who have been left disappointed by the lack of clarity on the government’s part. This bill, if passed, will form the framework for any future legislation that may be passed on the subject. The post Bitcoin [BTC] given same legal status as money in Wyoming appeared first on AMBCrypto.
AMBCrypto
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 ICOs Raising Funds, Week 51 ’18

Total raised funding amount on Week 51 comes to $61M, which is +64.7% in comparison with the previous Week 50 ($21.5M)
DIGEST

Top Upcoming and Active ICO Projects, Week 52 ’18

In the below list you'll find some new ICO projects which have to be paid attention to: Arcana, Dataeum. We have also prepared the list of Top ICOs that are active: Eloncity, Javvy, Envoy
DIGEST

Top ICOs Raising Funds, Week 50 ’18

Total raised funding amount on Week 50 comes to $21.5M, which is -62.2% in comparison with the previous Week 49 ($56.9M)

Europe’s Covesting Digital Asset Exchange Introduces Fiat Payments to Trade Cryptocurrencies

Covesting is a cryptocurrency exchange registered and incorporated in Gibraltar and available for customers in Europe. The exchange has launched its fiat payment gateway that allows customers to buy cryptocurrencies using Euro (EUR) deposits in their accounts. The release of the platform aims to push Covesting towards being the most secure, transparent and efficient crypto-fiat exchange in Europe. Speaking on the recent unveil of their fiat gateway, the CEO and co-founder of Covesting, Dmitrij Pruglo said the move will help the traditional finance investors get into cryptocurrency investing easily. The fiat gateway also complements the presence of multiple crypto-crypto exchanges in the market by offering a legally compliant platform to narrow the gap between traditional investing and digital assets. The CEO further said, “Allowing retail and institutional clients to legally exchange fiat into crypto automatically gives Covesting an edge and puts us among very few exchanges who offer such a solution. We will continue to monitor the market and adapt to the new reality while offering the most demanded tools for our users.” Covesting Fintech Company was funded by Dmitrij Pruglo in partnership with former employees, traders of Saxo Bank. The company looks forward to developing the best crypto trading platform by incorporating the digital asset exchange, copy trading platform and now the fiat-crypto gateway to new investors in the field. Covesting is aiming to take Europe by storm in 2019 after the successful launch of its ICO late in 2018, installation of the cryptocurrency intelligence portal and the snapping of star talent in its ranks including Kurt Carlsson and Peter Kristenson, former Saxo Bank executives.
Bitcoin Exchange Guide

Cloudbric Blockchain Security Platform Adds KDEX Exchange and SQNetworks as New Partners

One of the full-service web application security platforms, the Cloudbric has just concluded the successful ICO, but they have also gone ahead to announce the two new partners that will be using their security suite. The first thing, the company announced SQNetworks as being there newest partner on the platform, a company that focuses on the managed security service that is based in the Netherlands, a company that has been able to offer a range of business solutions and cybersecurity services. More on Cloudbric The company has become Europe’s key target region when it comes to the global expansion to ensure they are able to meet the growing demand that surrounds cybersecurity solutions being provided around the globe. The cyber market within Europe is expected to grow to about 11.3% CAGR; as a result, it will become a $47.17 million market by the time we are at the year 2023. With the partnership in place, the SQNetworks will be looking for ways to integrate the Cloudbric’s enterprise web application security; all this will be part of their comprehensive cybersecurity suite of different services that they are able to offer the new partnership network together with their clientele spread through Europe. Additionally, being a partner of the Chubb, which is an insurance service and product company, the SQNetwork will be able to strengthen the current security products portfolio, this will be done by delivering proper risk assessment reports and tools. But this is not all they will also be offering there different Cyber Reliance Services, which is inclusive to the Cloudbric company. As a result, this will be able to allow Cloudbric to quickly tap into the new partner networks and be in a position to grow their services even further. According to the CEO of Cloudbric, TJ Jung, with the company continuing to expand the full suite of their cybersecurity services around the globe, the company is ensuring it is helping businesses achieve high-level security; as a result, they are reaching the efficiency and productivity standards that are expected in the market. When looking at Europe, the stakes for data compliance are very high; thus, the company has ensured they are committed to ensuring they reach more users to be able to solidify and build their footprint within the market. Marko van Vliet, who is the CEO of SQNetworks, goes on to say that with the current expansion that is taking place through the Cloudbric, they see this is a nice addition in ensuring they are able to mitigate the threats that are present in this rapidly changing cyber landscape. As a result, the company feels they are very proud of the cooperation they have gotten into as it has already taken shape; thus, they foresee that there is a tremendous growth of services that will be taking place in the next few years. The KDEX Exchange The KDEX is a very new upcoming exchange that will be an all in one exchange, one that will be able to safeguard and also be able to manage the cryptographic assets securely. The exchange will also be providing its users with a personal integrated wallets platform to make your trade much more comfortable. As a user on the platform, you will be able to transact your crypto coins through the wallet that has been based on the blockchain technology. The Cloudbric company has ensured it will be working closely with the KDEX team to ensure it brings adequate web security, crypto protection, web server-security, to their wallet and platform services. With the introduction of the Cloudbric to this blockchain based platform, it will allow Cloudbric to offer its users with a secure crypto transaction platform together with a storage facility; this will be done by having a continuous system that analyzes the cyber threat information that has been gathered.
Bitcoin Exchange Guide

How Did Tron Cemented Its TRX Coin in the Top 10 Cryptocurrency Market Cap Listings?

If Ripple Inc. and XRP were the success story of 2017, then 2018 was definitely Tron (TRX) year. XRP claimed the headlines across the cryptocurrency universe due to a massive 30,000% increase while the latter development through 2018 was remarkable. TRX has started the year in cool fashion rising over 20% in the past month according to Coinmarketcap listings. Tron is currently trading at $0.025478 USD, representing a 7% increase on TRX’s price in the last 24 hours. What makes Tron’s rise in price even more remarkable is that the coin is rising during a bear market. Bitcoin has experienced a percentage drop in the last 24 hours while Ethereum and EOS have dropped 0.04% and 0.07% respectively in a day. This article focuses on Tron Foundation’s developments during this period that has seen the coin cement its position in the top 10 rankings according to Coinmarketcap. Tron Holders Will Receive BitTorrent Tokens The announcement made official by Binance at the start of the year is one of the catalysts TRX has had in the past 30 days. In an announcement on their token economics page, Binance confirmed that TRX holders will receive BTT in an airdrop scheduled to begin in February and will last the next 6 years. “Tron Airdrop tokens constitute 10.1% of total token supply, to be spread out over the next 6 years.” – Binance announcement on BTT. Sun has played a huge role in the success of BTT, he went on a marketing campaign when Tron Foundation bought BitTorrent for $60 million. Despite the criticisms, the young CEO has been able to gain investors trust that the network bandwidth sharing platform will increase its download speeds with the introduction of the voluntary token. The niTron Conference One aspect that Tron beats its competitors is on marketing led by their CEO Justin Sun. The niTron Conference further showed why Tron Foundation has been so successful since the launch of the token. One of the interviews featured the legendary NBA basketballer Kobi Bryant and the CEO of TRON Foundation, Justin Sun. Such publicity stunts by Sun have been criticized by investors across the board who think the project is a shill. Tron has been labeled a scam since its development but with the recent showing, it may well be a case of fake it till you make it. Do you think Tron will keep a hold on the top 10 list in 2019? Share your opinions with us.
Bitcoin Exchange Guide
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Security Token Offerings Could Disrupt Venture-Backed Tech Startups Positively

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Do We Know Enough About Cryptocurrencies?

Redditors have been asking this since the beginning of the year. The market is bearish — resulting in a vacuum of activities, — so everyone is looking for significant knowledge to collect expertise bit by bit. We've selected the most interesting branches which can push you to thoughts
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