We analyse 186 sources, 183595 news
Putin Issues Cryptocurrency Regulation Adoption Mandate
HIGHLIGHT

Putin Issues Cryptocurrency Regulation Adoption Mandate

Russian President, Vladimir Putin, ordered the government to ratify and enforce federal laws pertaining to cryptocurrency with 1 July 2019 as the deadline; introduced amendments to AML laws
Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees
HIGHLIGHT

Crypto Exchanges Update: OKEx Amplifies Leverage and Binance 'DEX' Reduces ‘Issue’ and ‘List’ Fees

OKEx implemented adjustments to increase leverage on margin trading to 5x on leading trading pairs in its platform. Binance decreased token fees on its decentralized exchange testnet
Electroneum Introduces a Smartphone that Rewards Users with ETN
HIGHLIGHT

Electroneum Introduces a Smartphone that Rewards Users with ETN

The newly launched M1 is Electroneum’s Android-based smartphone that incentivizes users with Electroneum tokens (ETN). ETN can be used to purchase airtime and data, and also for shopping. An M1 costs $80 and is said to be initially available only in South Africa
Hot

Digital tokens resurrect with value addition after crypto winter

According to OnChainFX, the top 1o legitimate exchanges deliver the trading volume for measuring the real trading volume of the digital assets. Data collected from the LONG HASH website revealed that the majority of tokens had declined to half of their value since attaining the ATH. The most shocking results came out for ETHLend, based on the Ethereum blockchain that used the digital tokens in the form of collateral for transactions. LONG HASH quoted that ETHLend offered a decentralized peer-to-peer smart contract lending in the crypto-ecosystem. The ETH-based token was trending as the investors were constantly using ETH for transactions, which led to its surge before the bear attacks on the market. Tokens such as Holo and Ravencoin maintained their value equivalent to 50% of their ATH as they were initiated after the 2017 bull run. It came as a surprise for crypto users after tokens like Binance Coin and ChainLink underwent resurgence to achieve their ATH, that was higher than the previous ATH mark. Source: LONG HASH As per the graph, tokens achieved their ATHs from December 2017 to January 2018 and then plummeted. Many of the investors missed out on this bull rush in the crypto market. As the market conditions did not remain the same for a longer duration, tokens slipped into the phase, commonly known as the crypto winter, among the digital asset enthusiasts. LONG HASH shared growth rate of ChainLink and tweeted, “Chainlink (LINK) is having a pretty good day”. Some tokens like BNB and LINK have been performing well and the community can take comfort from this. The post Digital tokens resurrect with value addition after crypto winter appeared first on AMBCrypto.
AMBCrypto
Virginia, USA-Based Pension Funds Invest in Crypto
HIGHLIGHT

Virginia, USA-Based Pension Funds Invest in Crypto

Morgan Creek Digital, a subsidiary of hedge fund Morgan Creek, racks up $40 mln new venture capital funding anchored by two public pension plans and a university endowment fund, a hospital system, a private foundation, and an insurance company, according to one of the firm’s founders Anthony Pompliano
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

Bitcoin the top investment for Grayscale in the first quarter

Grayscale, a digital currency investing firm, came out with their quarter report covering different topics such as digital asset investment, performance and risk monitor and others. The company had raised $42.7 million over the last three months and trailing 12 months’ inflows amount to $266 million. Cumulative inflow by product of Grayscale for the 1st quarter Source: Grayscale From, the above graph it could be inferred that there was a drastic increase in the inflow for Grayscale from bitcoin, compared to other digital currencies like Ethereum Classic, Ethereum, Zen, Litecoin, Stellar Lumens and others. Between, 25th March and 1st April, an equal inflow of product for the company was noticed. One can also notice a bigger change from 18th Feb to 25th Feb 2019 and only goes on to increase from there. The inflow in terms of USD was the highest from 25 March to 1st April 2019, registering a few thousand short of at $45,000,000. The other coins gave a negligible inflow for the company. Weekly inflow for the Grayscale by product in the 1st quarter Source: Grayscale The weekly inflow for the company can clearly be seen in the aforementioned graph. It is easy to infer that bitcoin is the only digital asset that has again widely contributed to Grayscale. The average total weekly stood at $3,000,000. The highest weekly inflow was on 25th Feb 2019 [$11, 000,000] and the lowest was sighted on 7th Jan 2019. The other digital coins – were again seen providing a negligible contribution to the weekly inflow for the company. Weekly inflow for Grayscale by investment product as per 12 months Source: Grayscale The weekly investment for Grayscale as per the 12-month period can be inferred from the above graph. Bitcoin is still seen as a large contributor to their investment gains. On 26 May 2018, Grayscale received large gains from Zcash and on 23rd June it gained another high through a combination of digital currencies – Zcash, Ethereum Classic, Ethereum, Bitcoin cash, and XRP. The average gain stood at $5,000,000, the highest gain was recorded on 14 July 2018 and the lowest on 5 Jan 2019. Grayscale was not the only firm that received such positive results for their investment. Coinbase Custody too experienced the same, after their recent visit to the UK, they had revealed that their platform has an asset under custody of $1.3 billion which could soon touch $2 billion. The post Bitcoin the top investment for Grayscale in the first quarter appeared first on AMBCrypto.
AMBCrypto
DIGEST

Completed, Ranked, Ordered (Weekly Digest, Feb 25 — Mar 01)

Ethereum Constantinople: completed, Tesla or BTC, China and Coinbase Pro praising Tron, Russia to finally decide on crypto, successful investment rounds despite the crypto winter, Japanese major securities brokerage to pass a review, Swiss bank to provide crypto-related services, Coinomi's pledges of security
MEW Integrates with Bity for Crypto-to-Fiat without KYC
HIGHLIGHT

MEW Integrates with Bity for Crypto-to-Fiat without KYC

Users of newly redesigned MEW V5 can now swap bitcoin or ethereum to Swiss francs or euro, direct from the wallet, through crypto finance platform Bity. The maximum amount for crypto-to-fiat exchange is 5,000 Swiss francs (CHF), approximately $5,000. Know-your-customer verification is not required
DIGEST

Under Control (Regulatory Digest, Feb 14—20)

Updates on Shift Card, Bank of Lithuania and ETF rules in Indonesia, police to tackle some crimes in Canada India and Turkey, IIT Bombay to join Ripple's UBRI, UAE waste permit portal on blockchain, Germany's interest and Spain's skepticism, Oracle for Czech SDK.finance

Indian Crypto Community Petitions Government for Regulation

Following widespread reports of the upcoming Indian cryptocurrency bill, the crypto community has started a petition for the government to quickly implement a regulatory framework for cryptocurrencies. In addition, a television network operated by the Upper House of the Indian Parliament has aired a program discussing the bill, and three Right to Information requests have been filed seeking answers about the bill. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms Petition to Accelerate Crypto Regulation Since details of India’s “Banning of Cryptocurrency & Regulation of Official Digital Currency Bill 2019” have emerged, there have been constant discussions about this bill, what it entails, and whether it is the bill that will be submitted to the finance minister. While two prominent local publications have claimed to possess information about the bill, many unanswered questions remain. In an effort to stop speculation and FUD (fear, uncertainty, and doubt), Blockchain Lawyer founder Varun Sethi started a petition on Change.org on June 15 to the Department of Economic Affairs and the country’s central bank, the Reserve Bank of India (RBI). Anyone can sign the petition entitled “Implementing Regulatory Framework for Cryptoassets in India” and possibly help shape the crypto regulation in the country. At press time, 1,437 have signed the petition. “This petition is neither sponsored by any specific blockchain or cryptoasset company / exchange / group in any manner whatsoever nor has any compensation being received from anyone to initiate such petition,” the petition reads: The purpose of this petition is to engage the blockchain community and the government in a more democratic and engaging environment to accelerate the implementation of regulatory framework regarding blockchain and cryptoassets in India and relinquish the ambiguity which has developed around it. “India is home to 2.7 million tech developers which is expected to grow to 5.2 million in [the] next 48 months,” Sethi began. He referenced the banking restriction imposed by the central bank in April last year as well as the Right to Information (RTI) request he filed, which revealed that the RBI did not do any research before implementing the banking ban on crypto businesses. Sethi also outlined other countries’ crypto regulatory efforts such as Japan, Malta, Canada, Estonia, Germany, and Norway, “to better regulate and tap the potential of this technology.” The lawyer proceeded to make some suggestions for India such as officially defining terms like blockchain and crypto assets, providing a regulatory sandbox for new crypto assets to be tested in, registering initial coin offerings, defining KYC/AML guidelines, and updating the Foreign Exchange Management Act and the Income Tax Act to report crypto income. He concluded: The success of the petition shall be when the government issues guidelines for a democratic regulatory framework for blockchain and cryptoassets entities in India, perhaps on the suggestions stated above. India’s cryptocurrency bill was drafted by an interministerial committee headed by Finance Secretary Subhash Chandra Garg, former Secretary of the Department of Economic Affairs. The committee was tasked with studying all aspects of cryptocurrency and making recommendations for its legal framework. Garg recently said that the report containing the regulatory framework for cryptocurrency was ready to be submitted to the finance minister. Parliament TV Discusses the Ban Proposal As speculation rises about what India’s cryptocurrency bill contains, Rajya Sabha TV (RSTV), a television network channel owned and operated by Rajya Sabha, the Upper House of the Parliament of India, aired its latest episode of Policy Watch Friday on the government’s decision to propose a ban on cryptocurrency. Policy Watch is a weekly show featuring discussions of national economic policies. Guests on the Friday episode included Mohd. Haleem Khan, a former secretary, Ministry of Finance. In the show, Khan explained to anchor Kriti Mishra: The issuance of currencies is a sovereign act … any currencies issued by anybody else comes to that level of counterfeit currency. Mishra asked Khan about the 10-year jail sentence for “Whoever directly or indirectly mines, generates, holds, sells, deals in, transfers, disposes of or issues cryptocurrency or any combination thereof,” which according to Bloombergquint, “shall be punishable with fine as may be prescribed by the central government in the first schedule or with imprisonment which shall not be less than one year but which may extend up to ten years, or both.” Khan described that there is a provision even today for a 10-year prison sentence for counterfeiting currencies. He further explained that another law that comes into play is the Foreign Exchange Management Act (FEMA) before concluding: “I don’t find anything wrong with this approach.” Nischal Shetty, CEO of local crypto exchange Wazirx, commented on the Policy Watch episode: If you hear the anchor, she’s reading out exact word to word from Bloomberg article … So let’s not assume this is confirmation. India’s cryptocurrency bill will first need to be submitted to the finance minister for approval and introduced in Lok Sabha, the Lower House of Parliament. If approved, the bill will move to the Upper House of Parliament. Even if it’s signed into law, anyone can still go to court and challenge the constitutional validity of the law. 3 Confusing RTI Replies At least three recent RTI requests have been filed regarding the bill to ban cryptocurrency: one with the Department of Economic Affairs, one with the central bank, and one with the Insurance Regulatory and Development Authority (IRDA). The first of the three was filed by the founder of local news outlet Coin Crunch India on April 26, one day after the Economic Times published its article on the bill. “On May 20, 2019, DEA rejected the RTI application citing ‘Section 8(1)(i)’ as the reason for rejection,” the publication shared, adding that “This could mean that DEA simply rejected it because eventually the information has to be made public.” The second RTI, filed by Sethi, reveals some interesting facts such as how the central bank did not have any knowledge of this bill and did not propose a ban on cryptocurrency. “RBI has actually stated that they have not received any communication from any department and they have also not given any communication to any government department pertaining to [the] drafting of this bill and this is very surprising,” Sethi explained. The third RTI was filed by a journalist at Crypto News India. The IRDA’s reply was short and swift; it says no information was available on the matter. With so much speculation and misinformation floating around the cryptosphere, the crypto community is awaiting the government to make an official announcement regarding the bill. Further, the supreme court is expected to address India’s regulatory framework for cryptocurrency and the banking restriction on July 23. What do you think of this petition? Will you sign it? Let us know in the comments section below. Images courtesy of Shutterstock, RSTV, Change.org, and Varun Sethi. Are you feeling lucky? Visit our official Bitcoin casino where you can play BCH slots, BCH poker, and many more BCH games. Every game has a progressive Bitcoin Cash jackpot to be won! The post Indian Crypto Community Petitions Government for Regulation appeared first on Bitcoin News.
Bitcoin News

Cryptocurrency regulation necessary for money laundering, not ban in India; tweets WazirX CEO

The ‘draft bill’ in India for banning digital assets that circulated through social media stunned the entire crypto community as the regulatory bodies are yet to clarify its stance on the matter. Under the proposed Banning Cryptocurrencies and Regulation of Official Digital Currency Bill 2019, mining, trading or owning cryptocurrency in India which calls for penalties of up to 10 years in jail. The Indian cryptocurrency ecosystem is on the fence due to lack of transparency in the regulatory climate. According to a report by ET, government departments in the country were aware and very much in support of the circulated draft. Nischal Shetty, the CEO of WazirX, a Mumbai-based cryptocurrency exchange, in a recent tweet, insisted that regulations in the cryptocurrency sector is important and not a blanket ban which would only stimulate money laundering. Shetty’s tweet comes at a time when cryptocurrency exchanges were geo-blocking/geo-fencing certain regions to comply with the native regulations, His tweet read, BAN Crypto to PROMOTE Money Laundering REGULATE Crypto to PREVENT Money Laundering Any subject matter expert will agree Regulation > Ban Dear @nsitharaman @narendramodi Ban is the opposite of what India wants to achieve. Hence US & EU aren’t banning it#IndiaWantsCrypto — Nischal (WazirX) (@NischalShetty) June 15, 2019 The CEO also hoped that the much-hyped Facebook cryptocurrency which, according to him, is a “game changer”, will foster mass adoption by firms globally and India would not want to be left behind. The narrative of “blockchain and not cryptocurrency” in the country is flawed, Shetty in another tweet said. The post Cryptocurrency regulation necessary for money laundering, not ban in India; tweets WazirX CEO appeared first on AMBCrypto.
AMBCrypto

Project Libra sees inclusion of UK Standard Chartered Lobbyist; Facebook eyeing regulation?

From PayPal to Coinbase and now Standard Chartered, the Facebook cryptocurrency project aims to have a host of heads working towards Project Libra. With an aim to revolutionize the global payments industry, on the back of the cryptocurrency sector, regulation is firmly in sight. According to the Financial Times, Edward Bowles will join the Menlo Park giant in September this year, departing his previous role of Director for group public and regulatory affairs at the bank and, presumably, donning a similar regulatory role with the social media company for Project Libra. FT has not provided any sources confirming Bowles switch from Standard Chartered to Facebook and his LinkedIn profile maintains the position of Managing Director at the bank. Bowles addition to the Facebook team is a clear indication of the company’s growing interest to launch the GlobalCoin in the European market, given the lobbyist’s experience in the same.  Facebook has reportedly held talks with the US Commodity and Futures Trading Commission [CFTC] for their launch in the United States. According to the BBC, the Zuckerberg-led company has also consulted Mark Carney, the governor of the Bank of England [BoE] over regulatory issues for Project Libra. The report further added that the GlobalCoin will hit the markets in the first quarter of 2020. Bowles’ joining the Facebook cryptocurrency project is the latest in a long list of finance and technology big-names associated with Project Libra. Most notably, PayPal’s former President David Marcus joined Facebook as VP of Messaging Products to drive the project; Tomer Barel another PayPal executive joined as VP of Blockchain Risk and Operations; and now with the addition of the ex-banking lobbyist, Libra’s regulatory front looks solidified. In addition to the manpower additions, the social media giant’s partnerships also look to be on the rise. Facebook will announce their official list of Project Libra backers on Tuesday but several reports have emerged pointing to a host of high-profile finance, technology and e-commerce companies putting their faith and funds behind the GlobalCoin initiative. Among the “Libra Consortium,” are payment giants Visa, MasterCard, and PayPal, ride sharing pioneers, Uber, and Lyft, VC big-names, Andreessen Horowitz, Ribbit Capital, and Thrive Capital, the e-commerce mainstay e-Bay, cryptocurrency exchange Coinbase several among other companies. The post Project Libra sees inclusion of UK Standard Chartered Lobbyist; Facebook eyeing regulation? appeared first on AMBCrypto.
AMBCrypto
ICORating
A Comprehensive List of Dapps Catalogs
OPINION

A Comprehensive List of Dapps Catalogs

Probably, this is the most extensive compilation of all dapps aggregators and targeted lists so far
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
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)

Tron join hands with LATOKEN to become an IEO payment token

The Tron token might not have managed to make its way back in the top 10 cryptocurrency list of CoinMarketCap, but has managed to keep up, in terms of performance and development. The Tron foundation has been informing the community about everything happening in its ecosystem along with its latest partnership with LAToken. According to the announcement, TRX would be accepted as a payment medium on the LAToken IEO launchpad and will extend to create fundraising opportunities for new projects. The exchange ranks among the top 20 exchanges list and already has tokens like Bitcoin [BTC], Ethereum [ETH], and USDT on its IEO payment currencies list. Going by the agreement amid two parties, TRX would list three trading pairs, TRX/BTC, TRX/ETH, and TRX/USDT. Along with Tron, Tron’s BitTorrent trading pairs would also be listed namely, BTT/TRX, BTT/BTC, BTT/ETH, and BTT/USDT. Justin Sun, the Chief Executive officer of Tron and BitTorrent informed the community on his Twitter: “#TRON trading market is available on @latokens, #TRONICS can trade TRX/BTC, TRX/USDT, TRX/ETH now.” The first IEO on the exchange to accept a contribution in TRX would be Zeux token sale. Valentin Preobrazhenskiy, CEO of LAToken said that he was glad about the partnership and this was in line with the company’s mission to connect investors with entrepreneurs. “We are glad to partner with TRON and start supporting TRX as payment currency. That is perfectly in line with our mission to connect investors with entrepreneurs. We will make simpler to contribute and fundraise for TRON users.” At press time, Tron was valued at $0.0324 with a market cap of $2.16 billion. The 24-hour trading volume of the coin was reported to be $720 million as it reported a growth of 1.38% over the past day. In the past seven days, the coin plunged by 1.91% and continued to tumble by 0.08% within an hour. The post Tron join hands with LATOKEN to become an IEO payment token appeared first on AMBCrypto.
AMBCrypto

What is a Milestone-based Token offering? Storecoin, with Early Backing from Ari Paul/BlockTower Wants to Tokenize your Data

“If we’re right about our thesis, a new computing platform emerges — one powered by open and tokenized data. Not only do developers get paid when the Google’s of the world want to query/crawl/search their data (and devs can even share this data revenue with users), developers can build with the open data streams and open APIs of other developers (who get paid when the developers access their data stream; 1MB data = 1 datacoin). I think this can change the world. It’s a new computing platform powered by open data. Storecoin is merely incentivizing it.” – Chris McCoy, CEO of Storecoin June 15, 2019 Consumers are more than ever aware of and feeling the effects of predatory business practices from Big Tech, as data breaches, deplatforming, and policy shifts occur at alarming rates. Washington is scrambling to gain control over the situation. Consumers favor alternative approaches to data handling instead of a mass break up of today’s tech companies. Consumers want alternative business models that allow people to leverage their data as an asset they can manage. What is Storecoin? Storecoin is a zero fee payments and peer-to-peer cloud computing blockchain that will enable such an alternative by helping transform data into money. Here’s how it works. The Storecoin project starts with a zero-fee settlement layer. At the heart of this is Blockfin, our leaderless, Byzantine Fault-Tolerant (BFT) consensus algorithm that solves for scalability and decentralization. Thanks to Blockfin and a credibly low inflation policy, $STORE functions as a sound money for the entire Storecoin ecosystem. As security with scalability is proven, Storecoin will open up miner (or, as we call them “dWorker’s”) participation to anyone in the world. From there, the secure settlement layer can evolve into a p2p cloud platform for the decentralization of data and the creation of new, zero-fee tokenized apps (tApps). Put simply, we see many applications that want to experiment with their own native tokens to incentivize work and other activities, to coordinate their groups, and to experiment with as yet undreamed of use cases. The first generation of ICO tokens created the issue of manufactured payment tokens, limited in use cases, and unbacked by anything but speculation. A weak substitute for money, and lacking decentralized governance. Incentivize Developers, and They Will Come Application developers in the Storecoin ecosystem can only issue tokens that are backed by the data their application produces, giving them intrinsic value based on the demand that third parties have for that data. Because data is the oil of the new economy, this creates an opportunity for the dWorkers in the Storecoin ecosystem to get rewarded for servicing and securing the network of applications, while providing a more profitable hosting solution for app developers than today’s centralized alternatives like AWS. What’s more, this tokenization of data creates new opportunities to address consumer concerns like never before. First, enterprising developers who want to offer something different might take advantage of data tokenization to help cut consumers in to their business models, finding new alignment and synergy with their users. Even if users aren’t being paid for their data, per se, tokenization makes data much more trackable and transparent, giving users new insight into how their data is being used and providing them more power to fight against what they don’t like. Underpinning this all is a shared security network where the miners or dWorkers of the Storecoin system ensure that the entire network is protected from malicious attack. For Storecoin, it is imperative that this new data paradigm doesn’t simply replace one intermediary with another, however. That’s why the entire project will be governed through a system that enshrines checks and balances and the separation of powers. Our governance system makes it impossible for any one group – developers, miners, or the nonprofit foundation – to warp the system to benefit them above the others. Announcing the next Storecoin Milestone Token Offering Storecoin is launching its long-awaited Milestone Token Offering on Thursday, June 20th at 12pm PT. This Regulation D and Regulation S securities offering aims to bring in over 500 new wallets and up to $4.97 Million of Treasury into the project. Since inception, Storecoin has taken a strong anti-ICO stance and instead has committed to growing Treasury on the basis of achieving key project milestones. These global MTOs focus Storecoin on transparent project execution while building long-term trust with its growing community. The sale will be offered as a sequence of three phased pricing rounds. Each sale phase will be offered on a first-registered and first-funded basis. Once a phase is fully registered and funded, the next phase will open up and be offered to the next registered buyer.  The proceeds from this sale will be used for a number of vital project building activities, including:  Releasing the alpha network for BlockFin, our parallel and pipelined consensus engine Multiple security audits for our BlockFin BFT consensus algorithm Begin hosting STORE meet-ups around the world Releasing our Governance, Economics, and Security Papers for public peer review Hosting the first-ever Storecoin Conference, a research and governance global gathering Existing Storecoin investors include Ari Paul of BlockTower, Anthony Pompliano, Matt Ocko, AlphaBit Fund, Ari Nazir of Neural Capital, and more. Register for the sale at: http://sale.storecoin.com. Links E-mail: team@storecoin.com Website: http://storecoin.com Telegram Group: http://t.me/storecoin Twitter: http://twitter.com/storecoin The post What is a Milestone-based Token offering? Storecoin, with Early Backing from Ari Paul/BlockTower Wants to Tokenize your Data appeared first on Ethereum World News.
Ethereum World News

Bitcoin Price Jumps Above $8,700 following Binance US Closure

Bitcoin is becoming a hedging instrument even against the rest of the cryptocurrency market. The largest cryptocurrency profited as much as 6 percent on Friday to close above $8,700. At the same time, other leading cryptocurrencies, such as Ethereum, Litecoin, and EOS, trended in negative territory. The massive contrast between the bitcoin and the rest of the cryptocurrency market indicated a capital flight. Traders suggestively exchanged a bulk of altcoins for bitcoin as a safety measure against the latest Binance announcement. The Malta-based cryptocurrency exchange, which accounted for the highest global cryptocurrency volume, announced on Friday that it is barring US customers from accessing its services. The announcement indicated that Binance would lose about 15 percent of its net monthly traffic, amounting to over 40 million customers. The firm’s sudden shutting down reportedly prompted the US customers to withdraw a large number of altcoins, which included Binance’s very own native token BNB coin. Binance Coin (BNB) Dropped Close to 18% on Friday | Image Credits: TradingView.com The BNB price dropped by as much as 17 percent against the BTC on Friday. Bitcoin against Altcoin Liquidity Crisis Alex Krüger, a prominent market analyst, said today that Binance’s issues with its US customers are bullish for bitcoin. He cited Tether, the company behind the controversial stablecoin USDT, to explain the correlation of bitcoin with the rest of the altcoin market. In April 2019, the New York Attorney General’s office on April 25 announced that it had obtained a court order against Tether and its associate firm BitFinex for allegedly hiding $850 million loss from USDT investors. “Upcoming Binance’s issues with US residents = Bullish for BTC,” wrote Krüger. “This was even clearer than with April’s Tether “FUD.” Speculators are supposed to act on meaningful news, not just theorize about it.” Upcomimg Binance's issues with US residents = Bullish for $BTC. This was even clearer than with April's Tether "FUD". Speculators are supposed to act on meaningful news, not just theorize about it. https://t.co/7bAfEOiXTW — Alex Krüger (@krugermacro) June 14, 2019 Also, in October 2018, USDT dropped its dollar-peg to fall to its 18-month low of $0.92. The slide in the stablecoin pushed bitcoin $600 higher on BitFinex. What’s Now for Bitcoin The bitcoin market’s intraday arrangements point to a small downside correction, according to its overbought Relative Strength Indicator on Coinbase daily chart. Nevertheless, market analyst Josh Rager suggest that the cryptocurrency has fuel to retest $8,750, given it manages to float above $8,000. “Break and close above $8,948 is bullish,” he added. $BTC… Nice break up out of that rising wedge, big players painted it perfect on the chart to trap many into shorting followed by liquidations Would like to see a pullback to $8500s before another retest to break above $8750 Break & close above $8948 is bullish pic.twitter.com/bAlkGNFxz2 — Josh Rager (@Josh_Rager) June 15, 2019 Pseudonymous analyst BitBit believes bitcoin is due for a much larger upside move than what is suggested by Rager. He measured the cryptocurrency based on monthly performance, stating that it could continue its bull run to touch the five-figure status. “I’m saying above 10k by the end of the month, might even touch 11k,” said BitBit. The bitcoin price was trading at $8,645 at the time of this writing. Bitcoin Price Jumps Above $8,700 following Binance US Closure was last modified: June 15th, 2019 by Davit BabayanThe post Bitcoin Price Jumps Above $8,700 following Binance US Closure appeared first on NewsBTC.
NewsBTC
ESSENTIAL

An STO Lifecycle: The Complete List of Milestones

How to issue a digital security, what are the steps: a brief outline of the 12 stages that a company will take to launch an STO complying with all the legal issues
OTC & Media Activity
ESSENTIAL

OTC & Media Activity

Finrazor together with ICORating conducted researches and checked the correlation between OTC and mentions of certain words and the originality of the news
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

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

Latest digest

DIGEST

Is It Enough for Crypto?

Today’s hot threads: possibilities of changes in the value of a crypto due to changes in its ‘supply schedule’, concerns whether Coinbase could be working ‘in the shadow’ and some rumors from Ethereum-community
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