• 93% of Ethereum DApps Had Zero Transactions Today
    Ethereum has 40 times more developers than its closest peer. But 86 percent of ETH DApps had zero users today–and 93 percent had no transactions. Much of the Ethereum community shrugs off the fact that the price of ETH 00 has been on a (pretty much) year-long freefall. After all, it’s not designed to be money anyway, but a developer platform with the largest number of DApps and developers in the industry. Is it not just a little bit worrying, then, that the sweeping majority of ETH dApps are little more than tumbleweed blowing in the wind? Low to No Adoption of ETH DApps The main topic of conversation in the industry is always how to bring cryptocurrency to the masses. How blockchains can overcome their multiple issues, scale to onboard more users, uncomplicate their cumbersome processes, improve security, and convince users their offer is better. But when you look at the statistics below, it’s clear that we’re nowhere near that point yet.
    There are now 1375 live ETH dApps.86% of them had 0 users today.93% of them had 0 tx volume today. Across all platforms there are now 1828 live ... read more
    Source: BitcoinistPublished on 2019-02-11By Christina Comben
    4 months ago
  • CONSOB Continues Effort to Stamp Out Unregulated Crypto Firms
    Italy allows firms to deal in cryptocurrencies, just that they are advised to wait until formal regulations are announced. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Aziz Abdel-Qader
    4 months ago
  • Philippines’ Central Bank Helps Launch Bitcoin ATM
    One of the largest banks in the Philippines, Union Bank, has collaborated with the country’s central bank to launch a Bitcoin ATM, allowing customers to both buy and sell bitcoin for cash. Union Bank Launches Its First Bitcoin ATM Union Bank in the Philippines has launched its very first two-way Bitcoin ATM, according to a release. The machine, puportedly located at the bank’s headquarters in Pasig City, allows customers to purchase and sell cryptocurrencies using fiat. Union Bank has said that this has become possible thanks to its collaboration with the country’s central bank, Bangko Sentral Philipinas. The official release states: In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa. On January 17th, Twitter user Mike Abundo posted a picture of the machine with a note on it that it’s “coming soon.” He revealed that its located in the bank’s main branch, which, according to their official website, is in Pasig City.
    Crypto ATM spotted at @UnionBankPH's main branch. (Hat tip to my friend @mcnmorales.) ... read more
    Source: BitcoinistPublished on 2019-02-11By Georgi Georgiev
    4 months ago
  • Bank of Spain: Crypto Makes Consumer Rights an Impossibility
    The central bank also said that crypto will not replace fiat currency ... read more
    Source: Finance MagnatesPublished on 2019-02-11By David Kimberley
    4 months ago
  • Elevated Returns Will Sell $1bn in Real Estate with Tezos Blockchain
    The company sold a hotel in Aspen for $18 million last October using the Ethereum blockchain ... read more
    Source: Finance MagnatesPublished on 2019-02-11By David Kimberley
    4 months ago
  • Jack Dorsey: Lightning Coming To Square Cash App Is ‘When’, Not ‘If’
    Twitter CEO Jack Dorsey has all but confirmed that Bitcoin’s Lightning Network will feature in the payment wallet and app built by his other company, Square. Focus On Speed And Efficiency Speaking on the Stephan Livera podcast February 11, Dorsey, joined Lightning Labs CEO Elizabeth Stark in discussing Lightning’s ideals and his personal belief in the protocol. Asked whether this would lead to integration with Square’s Cash app, the answer that came was surprisingly candid. “We would love to make [Bitcoin] as fast and efficient and transactional as possible, and that includes looking at our seller base and register,” he said. It’s not an ‘if;’ it’s more of a ‘when’ – how do we make sure that we’re getting the speed that we need and the efficiency? The comments come just days after Dorsey personally advocated Bitcoin on Twitter while accepting an invitation to participate in the Lightning Network’s Torch transaction relay. The initiative, which began last month, involves a relay transaction sent between network users, raising awareness and testing its technical ability. The podcast interview itself was also arranged on the back of the Torch activities. “The thing that I’m trying to figure out for myself ... read more
    Source: BitcoinistPublished on 2019-02-11By Esther Kim
    4 months ago
  • Bitcoin Price Analysis: $4000 in Sight After Last Week’s Bullish Move
    As Bitcoin price finished the week with a strong move to the upside, we take a look at what this means for the Bulls and Bears heading into the week. Weekly Chart Bitcoin price closed the week at $3,650 (+6.9%) after finding support at the 50 week moving average, which propped the price up above $3,300. The candle formation on the close was bullish engulfing and a tweezer bottom, which demonstrates a strong rejection by the bulls after the bulls found support late on Friday. Despite the strength in the move blasting through the $3,550 resistance, Bitcoin price was unable to press on towards the ultimate target to make a higher high above $4,000. The bulls will be looking to find their legs on any retracement following the inevitable profit taking after an 11% move on Friday. Daily Chart Looking closer at the daily position, Bitcoin price action last week was ultimately capped buy a combination of the declining diagonal resistance and the horizontal resistance meeting at $3,700. This is now a critical level to overcome in order for BTC to avoid being trapped inside another bearish triangle, which would take the cryptocurrency below $3,000 and most likely ... read more
    Source: BitcoinistPublished on 2019-02-11By filb filb
    4 months ago
  • Bits of Gold Partners with Silver Castle to Boost Institutional Investments
    Silver Castle operates two crypto funds in the Cayman Islands. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Arnab Shome
    4 months ago
  • Fake MetaMask App That Hijacks Ethereum dApps Removed By Google
    Google, at the start of the month, removed yet another malware app used by hackers to steal cryptocurrencies. Experts at IT security firm, Eset tipped off the company to the presence of a fake MetaMask app on the Google Play Store. Clipper Malware Impersonating ‘MetaMask App’ Lukas Stefanko, a malware researcher at Eset, published the news on the company’s website last Friday (February 8, 2019). According to the post, Eset experts found a malicious app “Android/Clipper.C, purporting to be MetaMask. The report indicates that Ethereum owners who downloaded the app could have their private keys compromised and their funds stolen. Like other clippers, this malware could also hijack the clipboard of the victim replacing their Bitcoin or Ethereum address. MetaMask allows users to run decentralized apps (DApps) hosted on the Ethereum platform via a browser add-on without having to run the full network node. Currently, the service has no mobile app. Android/Clipper.C isn’t the first app to impersonate MetaMask on the Google Play Store. Back in 2018, Google removed the previously available MetaMask mobile app which seems to have left room for many malicious iterations of the service. Usually, these faux-MetaMask employ phishing techniques to gain access to user funds ... read more
    Source: BitcoinistPublished on 2019-02-11By Osato Avan-Nomayo
    4 months ago
  • Ripple Expanded University Blockchain Research Initiative Network
    Enterprise blockchain solutions provider Ripple expanded its University Blockchain Research Initiative (UBRI) network by adding another eleven universities in the United States, China, Singapore and Brazil. UBRI was launched by Ripple in June 2018 with 17 universities as launch partners to accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments. It […] Source ... read more
    Source: CryptocurrencyGuide.orgPublished on 2019-02-11By CCG
    4 months ago
  • Binance CEO Waiting for Elon Musk to Take Bitcoin Lightning Torch
    Cryptocurrency exchange Binance’s CEO has renewed calls for Tesla founder Elon Musk to participate in a Lightning Network project begun by Bitcoin users. A Week Of Musk-Lobbying In a tweet February 10, Changpeng Zhao advocated Musk as the next participant in Lightning Torch, a relay transaction circulating through the Network since January. Aiming to test and bring publicity to Lightning, the transaction has bounced between users as well known as Twitter founder Jack Dorsey, who joined the project last week. Dorsey had also tipped Musk as a potential follow-on, with the Tesla mogul as yet remaining silent on the proposition. In subsequent discussions, Zhao said he favored Musk over alternatives, including Litecoin creator Charlie Lee. Other users recommended Lightning Labs co-founder Elizabeth Stark, entrepreneur Kim Dotcom and others.
    The torch currently look like this. Light it up! (photo credit @hoangsonviet) pic.twitter.com/SKkRhlKbao — CZ Binance (@cz_binance) February 11, 2019
    I am sure you will get it soon enough, let me harass brother @elonmusk a bit more. lol — CZ Binance (@cz_binance) February 11, 2019 Lightning Stays In Spotlight As Bitcoinist reported, Lightning Torch has gained a surprising level of recognition in the ... read more
    Source: BitcoinistPublished on 2019-02-11By Esther Kim
    4 months ago
  • Fake MetaMask App Removed From Google Play Store
    Scammers had been trying to trick users into sending them cryptocurrency ... read more
    Source: Finance MagnatesPublished on 2019-02-11By David Kimberley
    4 months ago
  • SPiCE VC Invests in Digital Securities Exchange Archax
    The value of the investment has not been disclosed. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Celeste Skinner
    4 months ago
  • BTC Futures Trading Volume is Declining, Report Shows
    The compiled data shows that the BTC futures market saw its lowest volume in December 2018. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Arnab Shome
    4 months ago
  • Ripple News: Finablr’s UAE Exchange & Uninomi to Partner with Ripple for Cross-Border Remittances to Thailand
    UAE-based foreign exchange company, Finablr is planning to capitalize on the blockchain technology as its brands will be now joining the RippleNet network Joining the Network of RippleNet The latest company to partner with Ripple is Finablr, a UAE-based payments and foreign exchange company. Its brands Uninomi and UAE Exchange, according to the company will be partnering up with US-based startup Ripple to offer cross-border remittances to Thailand. Finablr had partnered with one of the largest bank of Thailand, Siam Commercial Bank which is a Ripple partner to provide services on RippleNet. Now, it is planning to expand its services to other countries. “The adoption of blockchain opens up considerable potential to streamline remittances and provide a frictionless, fast and secure payments experience,” said Promoth Manghat, the executive director and chief executive of Finablr. RippleNet is a network of over 200 banks including Standard Chartered MUFG Bank among other institutional payment providers that Unomoni and UAE Exchange are operating on. Capitalizing the Blockchain Technology According to the World Bank, remittances flow to South Asia has grown about 13 percent last year. Asia is one of the major recipients of remittances from the workers in the Middle East, ... read more
    Source: CoinGapePublished on 2019-02-11By Anjali Tyagi
    4 months ago
  • Ripple News: Finablr’s UAE Exchange & Unimoni to Partner with Ripple for Cross-Border Remittances to Thailand
    UAE-based foreign exchange company, Finablr is planning to capitalize on the blockchain technology as its brands will be now joining the RippleNet network Joining the Network of RippleNet The latest company to partner with Ripple is Finablr, a UAE-based payments and foreign exchange company. Its brands Unimoni and UAE Exchange, according to the company will be partnering up with US-based startup Ripple to offer cross-border remittances to Thailand. Finablr had partnered with one of the largest bank of Thailand, Siam Commercial Bank which is a Ripple partner to provide services on RippleNet. Now, it is planning to expand its services to other countries. “The adoption of blockchain opens up considerable potential to streamline remittances and provide a frictionless, fast and secure payments experience,” said Promoth Manghat, the executive director and chief executive of Finablr. RippleNet is a network of over 200 banks including Standard Chartered MUFG Bank among other institutional payment providers that Unomoni and UAE Exchange are operating on. Capitalizing the Blockchain Technology According to the World Bank, remittances flow to South Asia has grown about 13 percent last year. Asia is one of the major recipients of remittances from the workers in the Middle East, ... read more
    Source: CoinGapePublished on 2019-02-11By Anjali Tyagi
    4 months ago
  • Union Bank of Philippines to Open Two Crypto ATMs
    These will be the first crypto ATMs in the country. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Arnab Shome
    4 months ago
  • Ethereum [ETH] Recaptures 2nd Position While Tron Founder Just Can’t Stop Gloating
    The 2nd position is reclaimed by Ethereum as it overthrows XRP. With a market cap of $12.6 billion, Ether is trading in the green at $120. While, Tron founder, Justin sun can’t stop taking another jab at Buterin after he announced the special campaign for Buterin in Valentine’s Day. Ethereum reclaims its 2nd Spot After losing the 2nd spot to XRP, Ethereum has reclaimed the position. With a market cap of $12.6 billion, Ethereum is a step above XRP by about $103 million. Source: Coinmarketcap At the time of writing, Ethereum has been trading at $120.39 with 24-hours gains of 1.29 percent. In the BTC market as well, it is up by 1.58 percent. It is currently managing the daily trading volume of $3.25 billion. After hitting its lowest point of the year at $83.30 in mid-December, Ethereum went up to $157.97 in early January. However, last week Ethereum has been trading around $100 only to spike along with the rest of the crypto market led by Litecoin’s 30 percent gains. Currently, Ethereum is down over 90 percent from its all-time high at around $1,440. Source: Coinmarketcap Ethereum community is currently waiting for its Constantinople hard fork which ... read more
    Source: CoinGapePublished on 2019-02-11By Anjali Tyagi
    4 months ago
  • Localbitcoins Warns Over ‘Major Changes’ For Users in AML/KYC Crackdown
    P2P Bitcoin trading platform Localbitcoins has has said it will launch fresh user identification requirements as part of its push to remain compliant with EU law. EU Compliance Looms For Localbitcoins In a statement published February 8, Localbitcoins said it would make “major changes” to its user experience following new anti-money laundering (AML) and know-your-customer (KYC) policies being enacted in its home jurisdiction of Finland. The country, in line with its own obligations, is upgrading its AML/KYC laws in line with the EU-wide 5AMLD legislation which came into effect last year. The exact nature of the changes remains uncertain and are a work in progress, says Localbitcoins, with further details to appear in March. “The legal requirements are still being delineated but it is already clear that it will bring major changes into the functioning of virtual currency exchanges,” the statement summarizes. Formalization vs. Freedom Localbitcoins has maintained a reputation as a means for Bitcoin users to transact in and out of fiat currency without the same hurdles often encountered with traditional exchanges. While the platform is already fully legal, changes to identification – and therefore privacy – of users has traditionally met with criticism, such as in ... read more
    Source: BitcoinistPublished on 2019-02-11By Esther Kim
    4 months ago
  • Venezuela Regulates Crypto Remittances in Attempt to Reel in Usage
    e new regulations place limits and tarifs on cryptocurrency remittances. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Rachel McIntosh
    4 months ago
  • SEC’s “Crypto Mom” Speaks: Lack of Laws May Have Benefited Industry
    SEC Comissioner Hester Peirce recently suggested that the crypto industry may be better off without hasty regulations. ... read more
    Source: Finance MagnatesPublished on 2019-02-11By Rachel McIntosh
    4 months ago
  • MtGox Currently Controls Bigger Bitcoin Market share than the Gold Reserves of the Swiss Central Bank
    Bitcoin has been characterized as the digital gold that according to some bitcoin proponents is better at being gold than gold itself. Bitcoin is also predicted to surpass the $8 trillion market cap of gold and emerge as the store of value. Now, Tuur Demeester, the Founding partner at Adamant Capital, has calculated the Bitcoin circulating supply in equivalence of Central banks’ gold reserves and shared the following data. “The current value of Dutch Central Bank gold is about $25 billion, so in order to buy 69k BTC (the mined Bitcoin equivalent of the Dutch gold reserve) it would only need to sell 1% of its gold, i.e. 492 gold bars,” shared Demeester. He further did a comparison of the Bitcoin still left with Mt Gox with that of the central banks’ gold reserves. “Allows for fun comparisons, e.g.: The MtGox Trustee currently controls 137,891 BTC, which is bigger in terms of market share than the gold reserves of the Swiss central bank.” Currently, a group of Mt. Gox creditors has banded together to create a movement called “GoxRising” with the goal of reviving the exchange and present a detailed Civil Rehabilitation plan. The movement has been proposed ... read more
    Source: CoinGapePublished on 2019-02-11By Anjali Tyagi
    4 months ago
  • Top Trending Cryptocurrency News of The Week: Jack Dorsey, QuadrigaCX, Facebook and VanEck Among Major Newsmakers
    Key highlights Jack Dorsey and his love for Bitcoin Argentina’s transport system now accepts BTC A critical case of QuadrigaCX Facebook Acquires Chainspace VanEck adds dozens on new pages to Bitcoin ETP proposal Jack Dorsey and his love for Bitcoin Jack Dorsey, the founder of Twitter has again expressed his love and loyalty for Bitcoin while playing a new bitcoin game called “pass the torch” this week. Not just that, in an interview with Joe Rogan, Jack again stated that bitcoin will probably become the native currency of the Internet. He also said that he views Bitcoin as a currency rather than an investment and that he wouldn’t consider holding any other coins, not even Ether. Argentina’s transport system now accepts BTC In another boost to BTC use case, the Transportation system which is spread across 37 cities in Argentina now has integrated BTC as one of its payment options. The SUBE card [standing for Sistema Único de Boleto Electrónico] is essentially a credit pass for public transport services within the Buenos Aires metropolitan area and other Argentine cities have added Bitcoin as payment for citizens to pay their transportation expenses A critical case of QuadrigaCX QuadrigaCX case ... read more
    Source: CoinGapePublished on 2019-02-11By Abhinav Agarwal
    4 months ago
  • Sentimental Analysis for Cryptocurrencies- February 10
    Cryptocurrencies are in a very difficult territory where no fundamental or technical indicators is actually affecting the price than the sentiment of the community. Every news article or a social mention is actually driving the trend and direction of where the prices are heading. Although most of the sentiment is derived from the sentiment of the Bitcoin- the largest cryptocurrency, still some altcoins have their specific pros and cons that change their variance from that of Bitcoin. Let’s look at the few indicators that are used widely across to determine the sentiment. Bitcoin Sentimental Analysis As mentioned it’s the largest coin in the market that decides most of the trend for the crypto markets is necessary to understand that sentiment it garners among the community. A lot of news flow and sell off has dampened the short term sentiment but yes there are some long-term positives which make Bitcoin an interesting study. An analysis of its social mention and greed and fear index would give us a clear idea of what is happening Analysis Type Tool Analysis- Score Sentiment #BTC – Hashtag Analysis Keyhole Score: 92 Positives: 54.7 % Negative: 4.2% Neutral- 41.1% Positive to ... read more
    Source: CoinGapePublished on 2019-02-10By Nilesh Maurya
    4 months ago
  • Cryptocurrency Price Analysis for the week February 04 to February 10
    Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article. Bitcoin (BTC) Bitcoin saw some positive sentimental moves this week as the top coin was up 5.33%. The good thing about  Bitcoin is that it still hodls itself above 3600. The prices hit a high point of USD 3,695.61 and the lowest point of USD 3,391.02 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were,  BitMex (8.47%), CoinBene (4.20%) and OEX (2.60%) Among prominent news around Bitcoin, Bitcoin billionaire Changpeng Zhao says the world is still at the Beginning of the Beginning’ of Bitcoin Revolution. Source: Coin360.com   Ripple (XRP) XRP still holds second place again but Ethereum still stays in close vicinity. On the top, this week the prices of XRP were at USD 0.315308 and towards the bottom, it quoted USD 0.290119. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZB.COM(8.38%) ZBG (5.68%)  and Binance (3.58%) For XRP this week, Finablr, a global platform for payments and foreign exchange solutions, has announced that ... read more
    Source: CoinGapePublished on 2019-02-10By Nilesh Maurya
    4 months ago
  • Bitcoin Pioneer: Next BTC Price ‘Act’ Will See $250K
    Mark Jeffrey, author of 2013 book, ‘Bitcoin Explained Simply’, remains bullish on the future of bitcoin, despite the current climate. Drawing analogies to a supercharged dot-com boom-and-bust cycle, he predicted future growth to a price of $250,000. Coin Wars We may be currently experiencing crypto-winter, hodling together for warmth, but Mark Jeffery thinks this should not be surprising. The early Bitcoin-pioneer was talking on ‘The Next Billion Seconds’ podcast: I think this is very much like the dot com boom and bust cycle that we saw in the late nineties, early 2000s Certainly, the period in late 2017 was analogous to the early days of the dot-com boom. Eager investors, desperate not to miss out, were remortgaging their homes, just to throw the money at anything that asked. And certainly, when investors realized they were buying into nothing more than a vague promise of something, they panicked. The Market Strikes Back But Jeffrey suggests that the process has been greatly compressed with cryptocurrency: So in the dot com boom and bust cycle it was about four and a half years, maybe five years. In the crypto world, it was about a year and a half. So it was a ... read more
    Source: BitcoinistPublished on 2019-02-10By Emilio Janus
    4 months ago
  • SEC Commissioner Brings another Hope, shares “What Does not Constitute a Security Offering”
    Hester Peirce known as Crypto Mom has yet again spoken in favor of cryptocurrencies. Recently, the leaked interviews of SEC Commissioner gave us hope for Bitcoin ETF approval. Now, Hester Peirce, SEC Commissioner is talking about the most crucial aspect that is “security offerings.” Blockchain-based Networks doesn’t Fit Neatly within Securities Framework In her latest speech on “Protecting the Public While Fostering Innovation and Entrepreneurship,” she addresses cryptocurrencies that has been challenged by regulators all over the world, along with SEC. Peirce shares that the “very essence” of this space that is decentralization makes regulating it challenging. The existing securities law are designed with the assumption that “every issuer has someone at the helm who can authoritatively disclose the relevant material information about the organization.” However, Peirce says, “Blockchain-based networks offer a new way of coordinating human action that does not fit as neatly within our securities framework.” She further notes that the objective of these projects is to “run on diffuse contributions” instead of centralized entities that run networks. “In the end, there may not be anyone steering the ship.” “As Director Hinman noted in his speech, it is the nature of the transaction that determines whether an ... read more
    Source: CoinGapePublished on 2019-02-10By Anjali Tyagi
    4 months ago
  • ICO Raised With ‘No Strings Attached’ Led to Massive Abuse – iAngels Exec [Interview]
    Bitcoinist spoke with Shelly Hod Moyal, Founding Partner and Co-CEO of iAngels, on why the ICO market popped and where the cryptocurrency industry is headed next.  A Hunter College and Kellogg MBA graduate, Shelly is a recognized expert in the areas of Fintech and Blockchain, and is a sought-after expert at international conferences about Israeli tech investing. She serves as a board member of multiple iAngels portfolio companies. Bitcoinist: Why did the ICO market experience such hype in 2017? Shelly Moyal: This is a loaded question and there are a few things to unpack. First, most emerging technologies experience hype cycles in which excitement gets ahead of the technology but there are a few things that make the ICO boom and bust unique. The two most important differentiators were, 1) the participation of retail investors, and 2) liquidity of the assets (i.e. the ability trade these assets on exchanges). Most hype cycles go unnoticed as they are experienced primarily by venture capitalists and due to illiquidity, implode gradually over several years vs. several months as VCs more easily hide behind book values when market pricing information I unavailable. Before I go into the hype which was driven by a ... read more
    Source: BitcoinistPublished on 2019-02-10By Allen Scott
    4 months ago
  • Is It #BUIDL That Will Decide Next Amazon of Cryptoworld or Most Cryptocurrencies will die?
    While all investors are hunting for the coin or token that will multiply their wealth manifold, CZ has come forward asking investors to look into their portfolios and identify the coin whose teams are actually working and progressing on their respective roadmaps. Not everyone will survive this crypto craze say crypto experts Discussing which coins and projects would sustain, CZ spelled out Twitter that when the market turns back to its bullish days and move towards its all times highs again, a lot of coins that were created and raised money through ICO’s will reach zero and die. According to CZ its, only the teams that are working and #Buidling will ultimately prove winners and these are the coins that will make money for investors. CZ also asks investors to review their holding and eliminate the coins and tokens whose teams are not progressing with their works.
    When markets do go back up that doesn't mean all projects will. A lot of coins with no development will die.Review your holdings. Make sure teams are WORKING👀 https://t.co/sikvGBNzY9 — CZ Binance (@cz_binance) February 10, 2019 CZ’s tweet is a clear indication that projects that put in the ... read more
    Source: CoinGapePublished on 2019-02-10By Nilesh Maurya
    4 months ago
  • Bitcoin [BTC]: Is Bakkt Really Coming in 2019? New Launch Date is Now “Later This Year”
    The launch of Bakkt that was to first go live in August 2018 and then rescheduled for late January will be now coming “later this year,” according to the CEO of International Exchange (ICE), Jeff Sprecher. Bakkt is a Moonshot Bet for ICE During the earnings call dedicated to the financial results of ICE for quarter 4 and the entire year of 2018. Jeff Sprecher, ICE’s CEO shared that over $1 billion has been spent by the company on strategic initiatives along with the launch of its highly anticipated digital asset platform, Bakkt.   The parent company of the New York Stock Exchange (NYSE) operates a number of leading global exchanges and is now set to enter the crypto space. Scott Hill, the CFO of the company, further talked about the expenses that will be incurred by Bakkt. “And finally, our investment in Bakkt will generate $20 million to $25 million of expense based upon the run rate in the first quarter. We will update you on progress at Bakkt and the level of investment as we move through the year.” Bakkt that according to Sprecher is independent of ICE due to the fact that it has its own office, ... read more
    Source: CoinGapePublished on 2019-02-10By Anjali Tyagi
    4 months ago
  • Ethereum Price: Consolidating For The Next Leg Up?
    On Friday Litecoin kickstarted a phenomenal rally which led the entire market higher. Can Ethereum continue to gain on its own or will Bitcoin and Litecoin price action mirror Ethereum’s future course? Ethereum Price: Market Overview Ethereum 00 and Litecoin both staged amazing rallies over the past few days. Bitcoin’s strong upside move shifted it above many overhead resistance levels and it seems both Ethereum and Bitcoin both saw a double bottom (ETH @ $100). Now a growing number of analysts are beginning to forecast whether the entire market has bottomed. 4-Hour Chart The 5MA is beginning to cross below the 10MA as ETH consolidates in preparation for its next move. The altcoin still trades above the 50MA and in spite o the recent pull back the 12EMA remains crossed above the 26EMA on the 4hr chart and ETH looks to be setting a higher low above the exponential resistance. The Stoch has turned down from overbought territory while the RSI reflects ETH current state of consolidation as it has flatlined in bullish territory. The MACD also remains bullish and at the time of writing the CMF and order book show the current price action ... read more
    Source: BitcoinistPublished on 2019-02-10By Eustace Cryptus
    4 months ago
  • Litecoin Price Analysis: How High Will Halving Hype Push LTC?
    In approximately 179 days, Litecoin (LTC) will undergo a block-reward halving — cutting the coin reward for miners from 25 to 12.5 coins. With fundamental developments like confidential transactions reportedly in the works and the popular altcoin experiencing price-strength confirmation, how high will the impending halving hype push the price of the peer-to-peer cryptocurrency?  [Disclaimer: The following article is not financial advice and should not be construed as such. Consult with a trained financial advisor before making any investment decisions. The author holds Litecoin (LTC) and Bitcoin (BTC).] If you’re not accumulating Litecoin (LTC) right now, you might want to consider adding the altcoin to your portfolio. On August 8, 2019, Litecoin will undergo a block-reward halving, which will reward miners with half of the current reward for successfully validating blocks. The Bitcoin (BTC) block-reward halving typically garners all of the spotlights — and rightfully so. Such an event has historically impacted the price of the market-leading cryptocurrency in a positive fashion. Many experts are predicting that the next Bitcoin halving on May 24, 2020, will likewise trigger or spur on the next major bull run. With more people aware of this fact than ever before, it stands to ... read more
    Source: BitcoinistPublished on 2019-02-10By Elsa Saikkonen
    4 months ago
  • Bitcoin and Various Altcoins Now Accepted by H&M Distributors
    In its slow-but-steady crawl towards mass adoption, Bitcoin (BTC) will now be accepted at American wholesaler H&M Distributors.  Not to be confused with the Swedish multinational clothing-retail company Hennes & Mauritz AB, H&M Distributors instead deals in cost-effective lighting — specifically, replacement ballasts, lamp holders, and accessories for lamp holders. Though this may not be the most glorious or exciting announcement in the Bitcoin’s history of acceptance as a means of payment, it nevertheless is another brick laid on the road to mainstream adoption. H&M Distributors will use the cryptocurrency e-commerce platform Chimpion to facilitate purchases with the market-leading cryptocurrency. However, Bitcoin isn’t the only digital asset accepted by the company. Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Bitcoin Diamond (BCD), and others are also accepted. (Though, it’s legitimately difficult to imagine anyone purchasing replacement ballasts with Bitcoin Diamond.) The decision to accept Bitcoin and other cryptocurrencies comes after the company realized that the nascent asset class breaks down financial barriers (by removing the need for banks) and allows it to sell its products to a wider international market. H&M Distributors founder and CEO Herb Needham stated in a press release: After more than 20 years in the business, ... read more
    Source: BitcoinistPublished on 2019-02-10By Elsa Saikkonen
    4 months ago
  • Bitcoin Lightning Network Hits 6,000 Nodes After Week Of Twitter Spotlight
    Bitcoin’s mainnet Lightning Network implementation has hit new records across the board as its rapid growth continues in 2019. 6,000 Nodes, $2.4 Million Capacity Data from monitoring resource 1ML.com confirms that the number of active nodes, channels and overall transaction capacity of Lightning are all now higher than ever in its thirteen-month history. The increase in size comes as Lightning gains publicity beyond the Bitcoin technical community thanks to a user-driven initiative getting other familiarized with how the network works. Specifically, Lightning Torch, a relay transaction being bounced between nodes, has already gained participation from Twitter CEO Jack Dorsey in what became a widely-publicized event last week. Calls have since come for other well-known faces such as Tesla CEO Elon Musk to follow Dorsey’s example and further expand awareness of Lightning. According to 1ML, there are currently a total of 6048 reachable nodes and almost 25,000 channels, while capacity has reached 660 BTC ($2.39 million). Hitting The Bigtime As Bitcoinist has reported, the goal of the Lightning Network is to allow huge numbers of Bitcoin transactions to occur instantaneously and with next to no fee required. Since the mainnet protocol debuted at the start of 2018, ... read more
    Source: BitcoinistPublished on 2019-02-09By Esther Kim
    4 months ago
  • Is Facebook Preparing Its Shopping List to Fuel Its Blockchain Dreams?
    While it is in a well aware fact now that Facebook is building its war chest for blockchain, from open hiring to acquiring top talent from the street. But last week news of acquisition blockchain start-up Chainspace took a lot of people by surprise as the Social Media Giant was moving much faster than expected with blockchain. Is acquisition the way for Facebook? Since blockchain became prominent and people start recognizing and realizing its advantage, a lot of mainstream tech companies turned towards this newest tech kid on the block. Facebook too took a lead here but it remained officially silent on most part of its plan with respect to the blockchain. Although there have been several reports of the company hiring and recruiting blockchain developers not many had expected Facebook to take an acquisition route. While the news is still fresh in the minds of people, a tech news website The Information has come out with a report stating that Chainspace is not the only startup   Facebook was talking too and its sources say that Facebook may be scouting a few more startups to fuel its blockchain dream, Going to the article one thing stands out it that Facebook ... read more
    Source: CoinGapePublished on 2019-02-09By Nilesh Maurya
    4 months ago
  • ‘This is the Next Dotcom’ – 95% of Cryptocurrencies ‘Useless,’ Says Bitwise Market Analyst
    Matt Hougan of Bitwise Asset Management believes the sooner the cryptocurrency purge happens, the better it will be for the fledgling industry. Hougan says he expects the coming reckoning to wipe away the many worthless coins currently in existence, much like during the dot-com era. 95 Percent of Cryptos Are ‘Useless’ Appearing on the Masters in Business podcast hosted by Barry Ritholtz, the Bitwise head of global research offered up striking parallels between the present day cryptocurrency industry and the dot-com era of the late ‘90s and early 2000s. I think those parallels are accurate. It – I think it is the next dotcom. But remember, the dotcom bubble created pets.com but it also created Amazon. Commenting on the future of the industry, Hougan declared: …[T]here are 2,000 cryptocurrencies out there, 95 percent of them are useless and will die a painful death. The sooner that happens, the better. However, Hougan doesn’t expect this purge to sound the death knell on the burgeoning industry. Instead, the Bitwise executive expects the thinning of the herd to initiate the emergence of useful cryptocurrencies. There are numerous commentators in the industry today who agree with the idea that many cryptocurrencies are indeed worthless. ... read more
    Source: BitcoinistPublished on 2019-02-09By Osato Avan-Nomayo
    4 months ago
  • Dash Based Cannabis Firm Hit Huge B2B Volume, Dash itself Gains 9%
    Well, beyond Bitcoin, XRP, and Ethereum, Dash cryptocurrency is also up with 9.43 percent over the past 24hrs. The massive gain appeared amidst ‘Dash powered Cannabis Firm, ‘Alt Thirty-Six’ recorded significant B2B transaction volume. Moreover, the massive rise in the B2B transaction for Dash based ‘Alt Thirty-Six’ is a result of a new cash management solution. Cash to Dash Conversion Specifically focused on the legal cannabis industry, Alt Thirty-Six is an exclusive Dash payment solution firm. It was partly funded by Dash treasury and has been facing banking issues across the United State. Alt Thirty-Six has recently introduced a new cash management solution that enables easier access to Dash for suppliers. It particularly does ‘Cash to Dash conversation’ by enabling ‘cash-heavy dispensaries’ get converted into Dash coins and then will be used as payment to suppliers. As Lauren Murphy, president of Alt Thiry Six notes; “Alt Thirty-Six recently added a Cash Management Solution that includes vaulting, cash transportation, and conversions. Cash to Dash conversion services provides wholesale technology platforms similar to CannTrade a funding mechanism to their online environment, allowing cash-intensive cannabis businesses to enter the banking system and pay digitally for wholesale orders.” Image source – Dash official website ... read more
    Source: CoinGapePublished on 2019-02-09By Tabassum
    4 months ago
  • Bitfinex Goes Offline For All of its Users Amidst the Green Market
    Bitfinex went offline amidst the green market but went to work fast and within 3 hours was able to resume its services. That’s How you give a Heart Attack! One of the biggest digital asset platforms, Bitfinex is having issues and has gone offline for all of its users. At the time of writing, Bitfinex has been on the 13th position while managing the daily trading volume of $335 billion. In the past 24-hours, it saw a surge of over 200 percent and one of the biggest one in the trading volume. Today, Bitfinex went offline while its website mentioned, “We will be back online shortly. Sorry for the inconvenience.”   The exchange took to Twitter to share the update of issues they are having and working on resolving them. However, the exchange later clarified that not only a few but all of its users have been affected. “We apologize for our previous tweet. In the rush to make users aware of our issue promptly, we were poor in the choice of wording. We can confirm Bitfinex is offline to all users. Please be assured that funds are safe. We will communicate here with further updates.” But ... read more
    Source: CoinGapePublished on 2019-02-09By Anjali Tyagi
    4 months ago
  • Binance Chain Will Charge ‘Close’ To $100K to List New Coins
    The CEO of Binance, Changpeng Zhao, revealed that the company’s decentralized exchange (DEX), Binance Chain, will charge ‘close’ to $100,000 for listing new coins.  $100K Listing Fee Set ‘Deliberately’ In a 45-minute live ask-me-anything (AMA), CEO of Binance, Changpeng Zhao, said that there will be a listing fee for new coins on the company’s DEX – Binance Chain. In fact, Zhao explained that he has deliberately made the fee higher in order to “reduce the number of spam or scam projects.” He estimates the fee will be close to $100K. He also said that the number will be adjustable over time. Previously, Zhao has also stated that Binance doesn’t list poor quality projects or ‘shitcoins.’ It remains to be seen what kind of quality control is set in place, though, as the DEX is intended to support “millions of coins.” Not So Decentralized At First Zhao said that, initially, the number of network consensus validators on the DEX will be small. For example, the testnet will start with 11 validator nodes. He also said that as the exchange goes live, they’ll be looking for “guys who can run very fast validators” and that the nodes will be selected through their ... read more
    Source: BitcoinistPublished on 2019-02-09By Georgi Georgiev
    4 months ago
  • Ripple Seeks Regulatory Clarity, Calls European Parliament Member To Speak
    In a recently published blog on Ripple official website, Eva Kaili, Member of the European Parliament talks about the Blockchain, Crypto Adoption, and Regulations around. Enthusiastically, she sees Blockchain is a technology with good potential. Removing Barriers From Adoption Ripple seeks the mechanism of the European Union towards regulation on blockchain and digital assets by Eva Kaili. She reveals a few positive comments. In fact, talk with Kaili specifically focuses on ‘the mainstream acceptance of the technology as well as the positive approach to regulation by European Union’. Nevertheless, the blog reads that Kaili is keen at removing barriers in blockchain adoption. it says; Yet, there is still work to be done on the regulatory front and Kaili is passionate about helping to provide the clarity that will help remove barriers to adoption. For the past four years, the Greek MEP has spearheaded a fresh Europe-wide approach to blockchain and digital assets. Unlike the other members, Kaili is quite optimistic and thus encouraging fewer regulations to foster innovation. She says that; “We do not want to stop innovation, the resolution is a roadmap to support this very exciting technology. We’ve shown that we are open-minded. Adding that, “We will help you ... read more
    Source: CoinGapePublished on 2019-02-09By Tabassum
    4 months ago
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