UTC-05:00,Wednesday , November 14th 2018
|
English
|
Today ,Wednesday,November 14, 2018
  • 10:28 IBM Exec: CBDCs Can Alleviate Risks Which Contributed to 2008 Financial Crash

    Stanley Yong, global lead for central bank digital currency (CBDC) solutions at IBM, has said that CBDCs can help to mitigate the risks that contributed to the 2008 financial crash. Yong spoke on his perspective of how to overcome the fragmentation of existing digital payment systems during an interview for CNBC's Squawk Box on Nov. 14.

    ...MoreFold
  • 10:27 Kik Selects Stellar over Ethereum for Crypto Token Launch

    Messenger app maker Kik is quitting Ethereum for good as it continues to develop its cryptocurrency, dubbed kin. Launched on Ethereum early in the ICO boom, Kik has now announced that it will close kin's atomic swap with Ethereum. Without specifying a date, the KIN Ecosystem Foundation said Wednesday on Nov 14th that it would soon release a tool for kin holdings off of Ethereum. CoinNess.com Market Index: KIN, $0.000042, -9.64%.

    ...MoreFold
  • 10:07 ETH Drops Below $200 on Bitfinex

    Monitored by CoinNess.com, ETH went down below $200 and now marks $199.71 on Bitfinex, with a 24-hour decrease of 5.84%.

    ...MoreFold
  • 10:04 BTC Drops Below $6300.0 on Bitfinex in a Short Time

    Monitored by CoinNess.com, BTC went down below $6,300.0 in a short time and now marks $6,310.4 on Bitfinex, with a 24-hour decrease of 2.27%.

    ...MoreFold
  • 09:57 Singapore Crypto Exchange KuCoin Raises US$20 Million Series A

    KuCoin, a Singapore-based cryptocurrency exchange, has announced that IDG Capital, Matrix Partners and Neo Global Capital have agreed to invest a total of US$20 million in the startup's Series A funding round.

    ...MoreFold
  • 09:53 S. Korea's Kakao and Stablecoin Project Terra Have Partnered in Blockchain Payment System

    Kakao Corp, the major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and a new stablecoin project, dubbed Terra, have signed a partnership agreement to develop the latter's blockchain-based payment system, local news outlet The Korea Times reported Nov 14.

    ...MoreFold
  • 09:48 BTC Briefly Touched 24-Hour Low of $6301.00 on Bitfinex

    Monitored by CoinNess.com, BTC briefly touched a 24-hour low of $6,301.00 and now marks $6,324.2 on Bitfinex, with a 24-hour decrease of 1.85%.

    ...MoreFold
  • 09:40 Coinbase-Backed Startup Launches $799 Home Crypto Miner

    Coinbase-backed startup launches a home crypto miner named Coinmine One. The makers of the device, which sells for $799, are pitching it as an easy-to-use home mining system which users can control with an app. The device uses ordinary GPU chips and isn't powerful enough to mine Bitcoin. It can, though, currently mine four other cryptocurrencies - Ethereum, Ethereum Classic, Monero and Z-Cash - and has its own operating system, which will let owners add other currencies in the future.

    ...MoreFold
  • 09:38 Surf Air Is Offering Discounts for Flights Paid for in Bitcoin and Litecoin

    Surf Air, a California-based commuter airline that offers unlimited flight services for a fixed monthly fee, announced Tuesday on Nov 13th that is is now offering discounts on its flight subscriptions for users that pay in Bitcoin (BTC) or Litecoin (LTC).

    ...MoreFold
  • 09:15 Coinbase to Pause Sends and Receives on the BCH Wallets Before Hard Fork

    Coinbase will monitor the hard fork process and work to minimize customer disruption until the network meets Coinbase security standards. Coinbase previously announced that it would pause sends and receives on the BCH wallets at Coinbase.com, in its iOS and Android apps, and at Coinbase Pro, Prime, and Custody beginning at 12:00 (UTC) on Thursday, November 15 (approximately 1 hour before the fork).

    ...MoreFold
  • 09:09 Antpool to Adopt Bitcoin ABC Client, Relay Protection Will Be in Place

    Antpool, the second largest Bitcoin mining pool in the world, just announced that it will adopt Bitcoin ABC Client. In the face of the upcoming BCH hard fork, Antpool states that: 1. During the hard fork, the BCH mining proceeds as normal, with other services also intact; 2. Starting from 00:00 (UTC) on Nov 16th, Antpool will temporarily suspend distribution of BCH profits, which will be resumed once the mainnet is deemed stable; 3. Since Bitcoin SV will not provide replay protection, in order to protect the assets of users, Antpool will deliver the replay protection to BCH mined by its miners.

    ...MoreFold
  • 09:07 FISCO Settlement Data: The Number of Zaif's Users Is 730K

    FISCO released the settlement data from January to September 2018 on Nov 14th that the number of Japanese Zaif's (used to operated by Tec Bureau) users reaches to 730,000. FISCO took over the Zaif exchange due to its stolen event. Its acquisition of the Zaif, which has a large number of users in the cryptocurrency sector, will help strengthen its user base. According to data from the Japan Virtual Currency Exchange Association until this March, the total number of Japanese cryptocurrency users was 3.5 million.

    ...MoreFold
  • 08:47 H&M Subsidiary Arket Is Testing Blockchain Tracking with VeChain

    H&M in-house brand Arket has confirmed it is testing cryptocurrency payment integration powered by blockchain technology developer VeChain. In an email to Hard Fork, an Arket spokesperson said the clothing store has been running a minor blockchain implementation to trace product data in a secure manner. The H&M subsidiary did not clarify how widely it is testing the solution – or in which locations.

    ...MoreFold
  • 08:41 Rosetta Coffee Adopts Crypto for International Export, Improving Farmer's Pay

    The Rosetta Coffee Company has announced that it will begin accepting Bitcoin, Bitcoin Diamond, Bitcoin Cash, Dash, Litecoin, and Zcoin. This will allow Rosetta Coffee to export internationally for the first time, and to increase their farmer's wages by sending cryptocurrency directly to them, cutting out middlemen.

    ...MoreFold
  • 08:32 China's Xunlei Q3 Earnings Report: Blockchain to Be Next Growth Engine

    Xunlei Limited (Nasdaq: XNET), a leading cloud-based bandwidth acceleration technology company in China, today on Nov 14th released its Q3 2019 Earnings Report. The Report reveals that the Q3 revenue is $45.30 million, which sustains a growing momentum. In addition, the Report inks the priority of its blockchain development. Over a time course from September to November, Xunlei has entered cooperation on blockchain tech with People's Daily Online, Fujian Newland Computer Co.,ltd, and other institutions with interests in the blockchain fields.

    ...MoreFold
  • 08:25 Christie's Auctioneers Record $318M in Art Sales on Blockchain

    Major auction house Christie's has made history by tracking $317.8 million worth of art auctions via blockchain, as one of the greatest privately owned collections of American Modernist art went under the hammer overnight. In a record-breaking slew of auctions, 42 pieces were sold, with details of the auctions recorded on a permissioned (private) implementation of the Ethereum blockchain managed by software company Artory.

    ...MoreFold
  • 08:24 FX Settlement Specialist CLS Turns to Blockchain

    The world's leading provider of FX settlement services, CLS, is launching a blockchain-based "netting" service within a matter of days, the company's Chief Strategy Officer Alan Marquard said. Speaking at the IBM Think conference in London, he told a packed audience that the company, which settles some $5 trillion daily, would be operating the first "enterprise-level, open-for-business service" based on distributed ledger technology (DLT) in the financial markets.

    ...MoreFold
  • 08:23 Binance's Further Information Regarding the Upcoming Bitcoin Cash Hard Fork

    To support the upcoming Bitcoin Cash hard fork, Binance will take a snapshot of all Bitcoin Cash balances at UNIX time 1542300000, 16:40:00 on Nov 15 (UTC). Deposit and withdrawal of Bitcoin Cash will be suspended starting from 15:00:00 on Nov 15 (UTC). As the Bitcoin Cash hard fork may result in two different chains, Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV), Binance will halt trading in all existing Bitcoin Cash markets, including BCC/BNB, BCC/BTC, BCC/ETH and BCC/USDT, at 16:40:00 on Nov 15 (UTC). Click 'Read More' for the two potential scenarios listed by Binance.

    ...MoreFold
  • 07:55 Japan's Energy Firm Remixpoint "Undecided" Its Earnings Forecast Due to Bearish Crypto Market

    According to Nikkei, Japanese energy firm Remixpoint has changed its consolidated earnings forecast for the fiscal year, which ended on March 31 of 2019, to "undecided". As previously disclosed, the net incomes will three times that of the previous term, which means 6.8 billion yen (approx. $60 million). In addition to the weak virtual currency market at the moment, the business improvement order by the financial watchdog, the FSA, in June also added up the difficulty for Remixpoint to conduct active advertisement. As revealed, virtual currency exchange businesses account for 60% of its sales and 90% of its operating income.

    ...MoreFold
  • 07:52 CoinDesk Analysis: BTC Price Woes May Not Be Over Just Yet

    Bitcoin's (BTC) price woes may not be over just yet, as a key technical indicator is about to turn bearish for the first time in four years. On the three-day chart, the 50-candle simple moving average (SMA) looks set to cut the 200-candle SMA from above, confirming what is popularly known as the "death cross." It's worth noting that the sell-off witnessed after the death cross seen in December 2014 ended up carving a long-term bottom at $152 in January 2015. The upcoming death cross on the three-day chart could push prices below the June low of $5,774, but it might mark the final leg of the current bear market. The long-awaited bullish reversal is seen gathering steam above the 50-candle SMA on the 3-day chart, currently at $6,629. A move above $7,400 (September high) would signal completion of the bullish reversal.

    ...MoreFold
  • 07:39 CoinNess.com 24-Hour News Roundup on Nov 14: US SEC Annual Report Reveals Enforcement Focus on ICOs

    [Policy] 1.Isle of Man tightens requirements for cryptocurrency businesses and ICOs; 2.CHEN Jiahao, chairman of the Hong Kong Financial Technology Committee, said that the Hong Kong Securities Regulatory Commission issued the "Hong Kong Securities Regulatory Commission's Virtual Money Regulations", which is a smart choice; 3.The US SEC has released its annual enforcement report, which shows a marked increase of investigations into ICOs, and explains the principles underpinning enforcement actions; 4.The investor info center of the French Financial Markets Authority (AMF) received 2,261 enquiries about crypto-assets in the first 10 months of 2018; 5.Informatics Services Corporation (ISC), a private tech wing of the Central Bank of Iran, confirmed that they had developed the said crypto-rial; [Cryptocurrency] 1.16%-27% of BCH hash power is currently supporting Bitcoin ABC, while that of BitcoinSV hash power reaches 72%-80%; 2.Ripple released new xCurrent 4.0 with increased product interoperability; [Exchange] 1.Binance Uganda will open trading for BNB/UGX and PAX/UGX trading pairs at 07:00 on Nov 15, 2018 (UTC); 2.OKEx has added the Vietnamese Dong (VND) on its Customer-to-Customer (C2C) trading system; 3.Etheera has surged in trading volume since the end of October, where is was trading at $0.000051. Currently, the token is sitting at $0.012551 – bearing an increase of over 80,000%; [Others] 1.Axoni, a provider of enterprise blockchain technology, announced on Nov 13th that HSBC has joined its Series B financing round, bringing the total amount raised in this round to $36 million and total funding to date to $59 million; 2.U.S. Air Force will use blockchain platform to shore up logistics, supply chain capabilities; 3.According to yomiuri, on November 14, the Japanese Police Agency arrested eight men from the investment group "SENER" on suspicion of violating the Financial Instruments Trading Act; 4.The official Twitter account of Google's G Suite was reportedly hacked to advertise a 10,000 BTC giveaway scam to the page's more than 800,000 followers; 5.LI Lihui, head of the blockchain working group of the China Internet Finance Association, revealed that cryptocurrency might become a pricing and payment tool for crypto assets; 6.The white paper titled "Digital Finance Anti-Fraud-Insights and Raiders", jointly composed by Financial Technology Research Center, Institute of Cloud Computing and Big Data, China Academy of Information and Communications Technology and Tencent, will be released on November 23; 7.Bitmain is suspected of bluffing about its 90k mining rig-powered farm.

    ...MoreFold
  • 07:30 IBM Thailand Promotes AI and Blockchain in Order to Create Regional Sales Hub

    The Thai branch of U.S. global IT company IBM will promote blockchain and artificial intelligence (AI) in order to turn the country into a major sales hub in the surrounding region, English-language daily news outlet The Bangkok Post reports Wednesday, Nov. 14. According to the article, IBM is going to promote blockchain in collaboration with the country's central bank, Bank of Thailand. A recent survey by IDC-IBM shows that global spending on blockchain will reach $9.7 billion by 2021. Moreover, IBM is also discussing the possibility of blockchain education in local schools and universities, aiming to provide enough member of the workforce for the industry in the nearest future.

    ...MoreFold
  • 07:28 Vitalik Buterin: The Second Best Time Is Today

    Previously, Jason Elliott, a Twitter user, tweeted to ViaBTC to express his wishes that ViaBTC can support SV. ViaBTC replied that, "I am sorry we don't feel right to support the tyrant or lunatic who wishes to kill BCH and just try to invent a new coin of his own to develop his own mining industry, and wishes kill other companies just out of sheer personal grudge. This is totally unacceptable!" Ethereum co-founder Vitalik Buterin commented the tweet, "The best time to oppose a tyrant or lunatic is one year ago. The second best time is today."

    ...MoreFold
  • 07:20 Bitmain Is Suspected of Bluffing About Its 90k Mining Rig-Powered Farm

    According to Satoshi News, a Weibo handler, dubbed as "BTC Snipper", accused Bitmain of lying about the existence of the 90,000 mining rigs set up in Xinjiang Province of China, which has been rumored to be part of preparation for the upcoming BCH hash rate war with CSW. Previously known as "Snipper 2111" among the Chinese crypto mining community, BTC Snipper broke the news on Weibo, China's Twitter, that Bitmain was only using the "90k mining rigs" as a disguise to cover up its plan to embezzle the hashrate of the users of its mining pools. "90k mining rigs is all fake. They intend to divert hashrate from their mining pools," said this self-proclaimed defender of Bitcoin, "They are going to burn money of the miners, hurting miners to fill their pockets." Bitmain made no comments when approached by Satoshi News. A source, who requests to speak on condition of anonymity, confirmed with CoinNess.com about Bitmain's plan to embezzle users' hash power to fight its own fight. Also, the source revealed that BTC Snipper/Snipper 2111 is very likely to be a Bitmain employee.

    ...MoreFold
  • 07:10 Tezos Foundation Announces Strategic Partnership with B9lab for a Blockchain Training Program

    The Tezos Foundation announced on November 12 a team up with B9lab, a blockchain education and training program provider, in an effort to bring more developers closer to the Tezos ecosystem. Click 'Read More' for details.

    ...MoreFold
  • 06:36 CoinNess.com Market Surveillance November 15: Bitcoin Plummets, Wiping out $140 in Price

    As of 11:00 (UTC) on November 15, Bitcoin bears strike again since the last attempt on Nov 9th, vaporizing nearly $140 in price value in the last three hours. The bearish momentum is casting a spell on the broad market, with 93 out of Top 100 by market cap dropping. The global market cap marks $205.60 billion, while the 24-hour trading volume is $13.65 billion. Major Coins 1. BTC quotes show $6,361.14 USDT on Binance, $6,366.00 on Bitfinex and $6,186.25 on Coinbase Pro; 2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $201.07 (- 3.46%); BCH marks $481.31 (- 7.51%); ETC marks $9.00 (- 1.64%); LTC marks $48.94 (- 3.24%); XRP marks $0.498 (- 4.56%). Top 3 Gainers and Losers in Cryptocurrencies 1. Top 3 gainers among Top 100 cryptocurrencies by market cap: SRN (+ 13.09%), ETA (+ 11.33%), LINK (+ 4.25%); 2. Top 3 losers among Top 100 cryptocurrencies by market cap: WAX (- 19.44%), MANA (- 12.42%), RDD (- 12.23%). Top 3 Gainers and Losers in Categories 1. Top 3 gainers among 52 categories: Hardware and Mining Machine (+ 12.97%), Time and Sale (+ 3.36%), Side Chain Concept (+ 2.73%); 2. Top 3 losers among 52 categories: Vote Election (- 19.64%), Public Welfare and Environmental Protection (- 12.31%), Decentralized Transactions (- 11.14%). Cap Flows of Coins/Exchanges 1. Top 3 capital inflows within the last 24 hours: BTG (+ $202 mln), DASH (+ $122 mln), LTC (+ $59.86 mln); 2. Top 3 capital outflows within the last 24 hours: BTC (- $251 mln), ETH (- $145 mln), EOS (- $58.64 mln); 3. Net inflows/outflows of exchanges: Binance (- $22.81 mln), Bitfinex (- $13.92 mln) and Coinbase Pro (+ $7.65 mln).

    ...MoreFold
  • 06:33 bitFlyer: BCH/BTC Trading May Be Stopped Due to BCH Hard Fork

    According to the official Twitter of the Japanese cryptocurrency exchange bitFlyer, because of BCH hard fork, it may stop its BCH/BTC trading in the "Trading Zone" and "bitFlyer lightning" according to price change and trading condition. In addition, when a branch chain occurs, Bitcoin ABC may change its symbol according to the case of hard fork. According to previous report, bitFlyer exchange will suspend BCH transfer from 13:00 Nov. 15 (UTC) due to BCH hard fork.

    ...MoreFold
  • 06:15 Cardano Foundation Says Goodbye to Its Chairman

    Michael Parsons, Chairman of the Foundation Council, has resigned after the latest turmoil within the Cardano management. For more details, click 'Read More'.

    ...MoreFold
  • 06:11 International Bitcoin Mining Firm Vanishes After Stacking up $1.5M Debt in Sweden

    Sweden's northernmost county opened its arms to two cryptocurrency mining firms earlier this year. One of them, Miami-based mining firm NGDC, had set up its operations to begin mining Bitcoin. However, the business shut its doors in Autumn as its electricity supply had been turned off due to unpaid bills, totaling over $1.5 million.

    ...MoreFold
  • 06:06 Binance Updates Its API Trading Rules

    Binance has made various updates to its API Trading Rules in the latest system upgrade. The key updates are below: 1. API traders are now able to cancel orders via the API during a trading ban 2. MIN_NOTIONAL is now applied to MARKET orders based on the average price of the previous 5 minutes, which can be referenced here.

    ...MoreFold
  • 05:46 France's AMF Receives 2,261 Enquiries About Crypto-Assets in First 10 Months of 2018

    The investor info center of the French Financial Markets Authority (AMF) received 2,261 enquiries about crypto-assets in the first 10 months of 2018. The data comes from an analysis of the ICO market in France, published by the AMF. Whereas the regulator confirms that there are concerns about crypto fraud, in most the cases complaints concern fraudulent investments in cryptocurrencies rather initial coin offerings (ICOs). The French regulator notes that meager 6% of the tokens display characteristics of financial instruments.

    ...MoreFold
  • 05:45 Head of IMF: Advantage of Crypto Is Clear

    Christine Lagarde, the Managing Director of the International Monetary Fund (IMF), praised the advantages of cryptocurrencies by saying that crypto payments are "immediate, safe, cheap, and potentially semi-anonymous". At the same time, she suggested that governments could set up their own cryptocurrencies.

    ...MoreFold
  • 05:21 Iran's Crypto-Rial May Hit Banks Within "Coming Days"

    According to a local media source, Informatics Services Corporation (ISC), a private tech wing of the Central Bank of Iran, confirmed that they had developed the said crypto-rial. The company's CEO Seyyed Abotaleb Najafi claimed that their digital currency would eliminate the role of international financial settlement groups like SWIFT. The state now plans to deploy the crypto rial on Iranian commercial banks in coming days which would enable them to use the tokens as a payment instrument in transactions and banking settlement, said Najafi.

    ...MoreFold
  • 05:13 IMF Head Positive on Crypto, Thinks Central Banks Should Consider Their Own CBDC

    Christine Lagarde, head of the International Monetary Fund, said that central banks should consider issuing their own cryptocurrencies, in a wind-themed speech. Speaking at the Singapore Fintech Festival, Lagarde said that with cryptocurrencies, technology is the anchor of trust. But she is "not entirely convinced" that state regulation can be done away with.

    ...MoreFold
  • 05:02 Cryptocurrency Firm Partners with Homeless Charity Enterprise

    The cryptocurrency firm Scotcoin has joined with homeless charity enterprise Social Bite to help raise funds. The firm has pledged to donate £5 to the charity for every £20 of the currency bought until the end of January 2019. Click 'Read More' for details.

    ...MoreFold
  • 04:37 OKEx's Explanation of the Early Delivery of BCH Futures Contracts

    At 09:00 Nov 14, 2018 (UTC), OKEx delivered all BCH contracts according to the respective last traded price at 08:05 (UTC). As some questions have been raised regarding the early delivery, the exchange would like to provide a detailed explanation of the rationale behind. Click 'Read More' for detailed answers.

    ...MoreFold
  • 04:37 Research: Bear Market and Declining Hashrates Mean Mining ETH No Longer Profitable

    Mining Ethereum (ETH) using a graphics processing unit (GPU) is no longer profitable, according to an analysis from U.S.-based global trading and technology firm Susquehanna. In Susquehanna's analysis, profit per month for ETH miners using GPU-based setups hit a round $0 as of Nov. 1 this year, down from almost $150 in July 2017. CNBC reported on Nov. 13 on Susquehanna's findings, which point to the protracted slump in crypto markets and declining network hashrates as reasons for the profit decrease.

    ...MoreFold
  • 04:21 BCH Briefly Touched 24-Hour Low of $510.00 on Bitfinex

    Monitored by CoinNess.com, BCH briefly touched a 24-hour low of $510.00 and now marks $514.44 on Bitfinex, with a 24-hour increase of 0.09%.

    ...MoreFold
  • 04:20 Hard Fork in Bear Market Is Not Lethal to BCH, Says BTC.TOP Founder

    JIANG Zhuoer, CEO and founder of the world's leading mining pool BTC.TOP, just said on Weibo (China's Twitter) that a split in the BCH community is by all means a bad thing, but the upside about this hard fork saga is the timing. "A hard fork in a bear market is not lethal," tweeted him, "Thank God. It's not happening at the next halving of Bitcoin reward at 2020."

    ...MoreFold
  • 04:08 Novogratz: Galaxy Digital to Explore Real Estate Tokenization

    Mike Novogratz, billionaire investor, Bitcoin bull, and founder of crypto merchant bank Galaxy Digital Holdings Ltd., is the latest member of the crypto community to jump on the asset tokenization bandwagon. As reported by CoinNess.com, Galaxy Digital has hired Ian Taylor, an investment banker from Goldman Sachs Group Inc. who worked in real estate to develop and run what will eventually be fully-functioning real estate tokenization platform.

    ...MoreFold
  • 03:59 Etheera Increases by over 80,000% in Past 2 Weeks

    Etheera, a lesser known token, has been positively swimming in the green for the past two weeks. Etheera has surged in trading volume since the end of October, where is was trading at $0.000051. Currently, the token is sitting at $0.012551 – bearing an increase of over 80,000%. As the spike hit, Etheera had just announced a new partnership with Excoincial by Africunia Bank the first African Digital Bank. Ahead of the surge, the platform has seen attention from decentralized cryptocurrency trade exchanges. This forum offers a list of the exchanges supporting Etheera.

    ...MoreFold
  • 03:38 Binance CFO: 2 Main Things Will Drive Mainstream Crypto Adoption

    ZHOU Wei, the chief financial officer of Binance, believes two main factors will drive the mainstream adoption of crypto in the long-term. Solid cryptocurrency exchange infrastructure that increases the ease of purchasing cryptocurrency and an increase in the number of high-quality projects in the ecosystem will fuel the growth of the cryptocurrency sector, said ZHOU Wei in an interview.

    ...MoreFold
  • 03:36 Security Firm: Ethereum Network Sees Malicious Gas Consumption

    According to a Chinese security firm SlowMist, when users make transfers via the exchanges or crypto wallets without setting a Gas Limit, if the receiving address is a contract address, Gas consumption will be high in an abnormal fashion. SlowMist has alerted the affected exchange and wallet users, and provided the solutions: 1. If the withdrawal from the exchange is made to a contract address, the withdrawal will not be executed; 2. Gas Limit is a must when users are making a transfer, and the figure shall be adjusted per each exchange.

    ...MoreFold
  • 03:33 Binance Announces Completion of System Upgrade

    Binance has completed its system upgrade ahead of schedule, and it will resume all trading activities at 09:00 today, Nov 14 (UTC). From now until the commencement of trading, users will be able to cancel orders, process deposits, withdrawals, and use all other account related functions.

    ...MoreFold
  • 03:29 John McAfee: Just Collecting Coins Without Blockchain Research Will Miss Opportunity

    John McAfee, a well-known tech-centric entrepreneur turned crypto diehard, tweeted to say, “If we do not dive fully into Crypto and use the Blockchain as a way to enhance our lives and the world around us, instead of just collecting coins hoping for a Bull market, then our greed will have killed the greatest opportunity yet offered to mankind.”

    ...MoreFold
  • 03:28 OKEx Announces Early Delivery of BCH Futures Contracts

    According to the official announcement of OKEx, the BCH market has become extremely volatile due to the imminent Bitcoin Cash (BCH) hard fork and the significant uncertainty of the digital asset's development. To avoid potential losses to our customers caused by the short-term volatility and possible market manipulation attempts, OKEx has decided to deliver all BCH contracts shortly after this announcement. Click 'Read More' for details.

    ...MoreFold
  • 03:10 Crypto Market Sentiment Nov. 14: Market Sentiment Turns Neutral

    Citing statistics from alternative.me, Fear & Greed Index currently reads 49, seven units lower than the previous day, indicating the crypto market turns to a "Neutral" level. As per the Index, a value of 0 means "Extreme Fear" while a value of 100 represents "Extreme Greed."

    ...MoreFold
  • 02:42 AMO CEO: Blockchain Technology Empowers Car Owners to Freely Manage Car Data

    SangGyoo Sim, CEO of AMO Labs, expressed his opinion at the "2019 ICT Industry Outlook Conference" that the emergence of the blockchain technology has offered a huge opportunity for car owners to take full control of the collected information from smart cars as well as exchange those car data at will by using a decentralized platform like the blockchain. Dr. Sim further explained, with the technology like Plug and Pay, not only will electric cars be able to freely charge on the go, the device will also allow data to be transmitted while driving. These data will first go through a security solution like AutoCrypt to be encrypted before being transferred onto blockchain for trading.

    ...MoreFold
  • 02:32 TSMC Will Invest NT$100 Bln to Build a New Factory

    According to the "Economic Daily" report in Taiwan, TSMC held a board meeting on Nov.14, approving a budget of NT$103.48 billion (about $3.35 billion), which will be used to build factories, expand and upgrade advanced process capacity. In regard to this, the crypto industry believes that TSMC's related capital expenditures will mainly be used to fully sprint the 7-nanometer process and widen the gap with competitors such as Samsung and Intel.

    ...MoreFold
  • 01:45 White Paper on "Digital Finance Anti-Fraud - Insights and Raiders", Jointly Composed by China Telecom and Tencent Will Be Released

    According to the official website of China's Information and Communication Institute, the white paper titiled "Digital Finance Anti-Fraud-Insights and Raiders", jointly composed by Financial Technology Research Center, Institute of Cloud Computing and Big Data, China Academy of Information and Communications Technology and Tencent, will be released on November 23. The white paper interprets the typical applications of emerging technologies such as big data, artificial intelligence and blockchain in the field of anti-fraud digital finance, summarizing a series of innovative and anti-fraud digital financial measures.

    ...MoreFold
  • 01:38 Ethernet Patent Inventor Was Given Permission to Question Validity of His Own Patent

    The inventor of two patents that covers Ethernet switching products has been given permission to question the validity of his own invention. That's the unusual upshot of a decision by a US federal appeals court this week, which ruled anyone, including the original inventor, is entitled to challenge the validity of a patent.

    ...MoreFold
  • 01:32 Fintage House Partners with TaTaTu and Accepts Cryptocurrency for Rights Transactions

    Fintage House, a film and TV Rights, and financial services firm has recently partnered with TaTaTu, a social entertainment platform that leverages blockchain technology. According to Variety's article published on November 12, 2018, the partnership with TaTaTu allows Fintage House to accept TaTaTu's token (TTU) for television and film rights transactions. CoinNess.com Market Index: TTU, $0.13, +0.99%.

    ...MoreFold
  • 01:28 Huobi Global's Soultion to BCH's Harkfork

    According to Huobi Global, BCH's hardfork will take place at 12:40 (UTC) on Nov.15. In regard to this, Huobi Global will handle the hardfork as follows: 1. Huobi Global will suspend the withdrawal and deposit of BCH at 13:00 (UTC) Nov.15; 2. Huobi Global will take snapshots for BCH's holders; the snapshot accounts include crypto-crypto account and leverage trading account; 3. The success of BCH's hardfork depends on two conditions: 1. The hardfork should possess strict two-way replay protection; 2. The hardfork should operate smoothly and independently while producing blocks steadily. 4. Huobi Global will determine whether the hardfork, Bitcoin SV and Bitcoin ABC, are successful based on the above conditions. 5. If the hardfork failed, Huobi Global will announce the time to resume the withdrawal and deposit of BCH after mainnet is stablized.

    ...MoreFold
  • 01:03 Blockchain Wunderkinds Headline Forbes 30-Under-30 List

    The blockchain and cryptocurrency ecosystem is well represented in this year's Forbes 30-Under-30 list, with four young founders and CEOs aged between 25 and 28 featured for their work on crypto finance, blockchain scaling and crypto asset management. Olaoluwa Osuntokun (25), Nader Al-Naji (26), JB Rubinovitz (26) and Hunter Horsley (28) have made their debut on this year's list after applying blockchain technology to solve real world problems through their various startups.

    ...MoreFold
  • 00:59 Bank of America Patent Details How Enterprises Could Store Crypto

    A patent awarded to the Bank of America outlines how enterprise-level institutions may be able to store cryptocurrencies owned by their customers. The filing, awarded by the U.S. Patent and Trademark Office on Nov 13 contends that large companies, specifically enterprise-level institutions, may want to store cryptocurrencies for customers. There is an increasing number of enterprises which may transact with cryptocurrencies or offer services related to them, including crypto exchanges and custodians, according to the patent. Some of these businesses may be required to convert a deposit of some currency into a cryptocurrency to then hold.

    ...MoreFold
  • 00:16 ConsenSys Blockchain Company Looks to Assist Token Foundry as Crypto Bear Market Hurt Their Model

    The bearish market of 2018 has been unkind to cryptocurrencies, and Consensys' Token Foundry platform has been one of the biggest sufferers, which is exactly why it needs to be reevaluated. Based on a statement from ConsenSys, the platform works as a "hub and spoke" model. Right now, Token Foundry is included as a "spoke," but it is clear that the monthly update moved it into a "hub" position. Along with the reduced roll, ConsenSys has been hemorrhaging workers continually. One source added that there were seven staff members that were fired without notice in the last week. Even with all of this bad news, ConsenSys seems to be looking for more options to help it survive the bear market. Time will tell how ConsenSys survives the bear market. Perhaps opting for solutions involving major banks like Galaxy Digital could be the key.

    ...MoreFold
  • 00:05 US SEC Annual Report Reveals Enforcement Focus on ICOs

    The U.S. SEC has released its annual enforcement report, which shows a marked increase of investigations into ICOs, and explains the principles underpinning enforcement actions. With 30 mentions of ICOs (compared to only four in 2017), crypto assets occupy centre stage in the report. By the end of the fiscal year in late September, the SEC had launched dozens of investigations into ICOs and cryptocurrency companies, many of which were still ongoing. In total, the SEC brought up to 20 stand alone enforcement actions related to ICOs and digital assets, and charged individuals in more than 70 percent of these cases.

    ...MoreFold
Yesterday ,Tuesday,November 13, 2018
  • 23:46 Binance Upgrades Rights for Institutional Accounts and to Launch Parent and Sub-Accounts Support

    According to the announcement of Binance, it has completed the upgrade of institutional account rights. Institutional accounts can enjoy VIP transaction fee discount and exclusive manager-level services. Each parent account has full control of sub-accounts, including overviewing account information (such as login, order history and transaction status), resetting 2FA and passwords, deleting API key, withdrawing order, and freezing of sub-accounts. The transactions of parents and sub-accounts are free.

    ...MoreFold
  • 23:18 Industry Experts in Detroit Discuss Crypto Adoption and Blockchain Opportunities

    A recent event held in the U.S. city of Detroit shows that many industry professionals believe in the power of cryptocurrencies and blockchain technology but also feel that mass adoption won't be happening overnight. One of the attendees was Robert Konsdorf, CEO of EOS Detroit, who touched on the potential difficulty of getting the masses to actually adopt crypto and blockchain and also how autonomy over their own funds could actually leave people feeling wary. "You have to understand that certain actions you take can completely lock you out of your funds, and the majority of people in society today are not ready for that," said Konsdorf. Click 'Read More' for details.

    ...MoreFold
  • 23:13 ælf Enters Middle East with Connect Global Strategies (CGS)

    ælf representatives announced on November 13th through an official post on Twitter that the platform is entering a significant partnership with Connect Global Strategies, which should be the first step towards introducing ælf to the blockchain development of the Middle East. CoinNess.com Market Index: ælf (ELF), $0.29, -4.19%.

    ...MoreFold
  • 23:11 Charles Hoskinson: Cardano Foundation Can Grow After Michael Parsons' Resignation

    Seeing that Charles Hoskinson partially led to Michael Parsons' resignation from the Cardano Foundation, the standing CEO of Hong Kong-based Input Output (IOHK) took to a YouTube livestream to explain his thoughts on the situation. Hoskinson first explained that Schmid will be responsible for "reinvigorating" and reconstructing the Foundation, adding that there is still a ways to go before the organization becomes an "effective" entity. Regardless, the IOHK CEO expressed his optimism, claiming that "the Foundation can take this recent crisis as an opportunity to reinvent itself and become a bastion of good governance." He then spoke on Cardano's latest developments, divulging that Ledger support is "coming soon" and adding that the development of the so-called "Daedalus" wallet is going along quite well.

    ...MoreFold
  • 22:51 Xerox Wins Patent for Blockchain System that Tracks Revisions to Electronic Documents

    The U.S. Patent and Trademark Office (USPTO) has awarded Xerox, known for its eponymous printing and digital copying appliances, a patent for a blockchain-driven auditing system for electronic files, according to a patent filing published Nov. 13. The technology offered by Xerox can supposedly detect whether a file has been altered and tracks the history of changes made. Owing to the decentralized verification mechanism, the system thus becomes resistant to tampering, the filing states.

    ...MoreFold
  • 22:48 BitPay to Temporarily Suspend Bitcoin Cash Payment Processing

    According to the announcement of BitPay, to minimize risks to merchants and Bitcoin Cash (BCH) users during BCH hard fork, BitPay will temporarily suspend BCH payment processing. BitPay strongly recommend that users stop sending or receiving transactions from their BCH wallets at 15:00 (UTC) (about two hours before the fork). Click 'Read More' for details.

    ...MoreFold
  • 22:41 China Internet Finance Association: Cryptocurrency Might Become a Pricing and Payment Tool for Digital Asset

    According to Caijing.com, LI Lihui, head of the blockchain working group of the China Internet Finance Association, revealed that financial technology innovation is forming a new trend. Crypto assets based on blockchain are expanding in scale, and cryptocurrency might become a pricing and payment tool for crypto assets, making algorithms and computing power the pricing power in digital markets. In addition, LI suggested that in blockchain, the center technology of big data is controlled by very few people, which can lead to risks of moral and technological monopoly.

    ...MoreFold
  • 22:27 CoinNess.com Market Surveillance November 14: Bitcoin Struggles to Break $6400

    As of 03:00 (UTC) on November 14, although BTC has been trading above $6,400 on both Binance (BTC/USDT) and Bitfinex (BTC/USD), its global average price is still trading sideways around $6,350. The broad market is still in a downtrend, with 81 cryptos out of Top 100 by market cap declining. The global market cap marks $228.81 billion, while the 24-hour trading volume is $13.08 billion. 1. BTC quotes show $6,472.00 USDT on Binance, $6,450.00 on Bitfinex and $6,261.59 on Coinbase Pro; 2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following: ETH marks $209.64 (-0.87%); BCH marks $510.64 (+1.52%); ETC marks $9.35 (-2.11%); LTC marks $49.00 (-2.98%); XRP marks $0.513 (-1.61%). Top 3 Gainers and Losers in Cryptocurrencies 1. Top 3 gainers among Top 100 cryptocurrencies by market cap: BTP (+21.39%), LBTC (+21.31%), LINK (+5.86%); 2. Top 3 losers among Top 100 cryptocurrencies by market cap: XIN (-26.32%), INB (-22.99%), WAX (-18.25%). Top 3 Gainers and Losers in Categories 1. Top 3 gainers among 52 categories: Life Service (+10.03%), Side Chain Concept (+5.22%), Advertizing Concept (+4.92%); 2. Top 3 losers among 52 categories: Vote Election (-16.04%), Task Crowdsourcing (-8.80%), Decentralized Transactions (-8.24%). Cap Flows of Coins/Exchanges 1. Top 3 capital inflows within the last 24 hours: BTG (+$182.46 mln), DASH (+$132.26 mln), BCH (+$60.05 mln); 2. Top 3 capital outflows within the last 24 hours: ETH (-$104.04 mln), BTC (-$98.25 mln), EOS (-$33.17 mln); 3. Net inflows/outflows of exchanges: Binance (-$4.28 mln), Bitfinex (-$1.69 mln) and Coinbase Pro (+$1.68 mln).

    ...MoreFold
  • 22:27 OmiseGo Signed a MOU with Mass Vehicle Ledger

    OmiseGo signed a memorandum of understanding (MOU) on Nov 13 with Mass Vehicle Ledger (MVL), the company behind the popular ride-hailing app TADA. The agreement will see the two companies collaborate on research and technical development. The two companies hope to develop a strong proof-of-concept (POC) for how blockchain, and the OmiseGo platform specifically, can improve the TADA app. The collaboration might even see the two working together to bring crypto payments to the taxi service.

    ...MoreFold
  • 22:04 BBC: Blockchain Could Save Musicians Billions

    BBC published a new article today on Nov. 14 to tell how blockchain could save musicians billions with an example of Imogen Heap. Heap, a musician who has worked with stars including Ariana Grande and Taylor Swift, is one of a growing number of blockchain innovators who are attempting to push the boundaries in terms of how this still-emerging technology might be used. Click 'Read More' for details of Heap's story.

    ...MoreFold
  • 21:51 CHEN Jiahao: The Reason Why China Mainland Stopped Crypto Trading Is Because It Could Not Control It Back Then

    According to Hexun Technology, CHEN Jiahao, chairman of the Hong Kong Financial Technology Committee, said that the Hong Kong Securities Regulatory Commission issued the "Hong Kong Securities Regulatory Commission's Virtual Money Regulations" is a smart choice. In 2017, September, China mainland has completely stopped the cryptocurrency transaction because it could not find a solution to suppress the uncontrollable impact of the blockchain. In regard to this, Hong Kong's blockchain development has two major advantages: First, Hong Kong is an important gateway of China, the second largest economy in the world; Second, Hong Kong has always pursued an open policy and has no foreign exchange controls. Besides, Hong Kong is a society which enjoys low tax rates with sound laws and regulations, and speaks in Chinese and English, making it the ideal platform for cryptocurrency and assets.

    ...MoreFold
  • 21:42 Reddit User: Liqui.io Is Liquidating Their Customers' Crypto Assets via Binance and Bancor

    A reddit user called mastertim1 said on Reddit that Liqui.io has been delisting most of its tokens lately and that this includes some of their tokens that have the most volume like BAT tokens. They give the customers just 15 days to withdraw after delisting, which is sort of like a month after the delistment announcement. Liqui.io has already announced to delist NET, XID, PTOY, NEU, ZRX, REN, AE, DNT, QRL, SNM, SRN and STX, among others. According to the original poster, the company is using Bancor and Binance to cash in the funds.

    ...MoreFold
  • 21:41 Report: Google G Suite Twitter Account Compromised to Promote 10K Bitcoin Scam

    The official Twitter account of Google's G Suite was reportedly hacked to advertise a BTC giveaway scam to the page's more than 800,000 followers. Scammers supposedly spread a message luring users to participate in a fraudulent 10,000 BTC giveaway, concurrently announcing that Google's G Suite now accepts cryptocurrency as a means of payment. According to the Hard Fork, the message disappeared barely more than 10 minutes after it had appeared. At press time, Google hasn't made any comments yet.

    ...MoreFold
  • 21:37 Bitcoin Daily Transactions Climb to Ten Month High Despite Prolonged Bear Market

    According to blockchain.com, current Bitcoin average daily transactions stand at a little over 300,000. This figure represents a ten-month high and a continuous increase over the last seven months. After peaking at close to 500,000 transactions per day during the December 2017 bull run, the onset of the bear market brought levels down to 135,000 in April 2018. Since then, however, daily transactions continue to increase, going up more than double to reach its present level.

    ...MoreFold
  • 21:36 Report: Crypto Volatility Reaches Lowest Point in Last Two Years as High-Frequency Trading Firms to Change Strategies

    In a new report from The Block, this media outlet decided to examine the downward trend of the cryptocurrency market in volatility. After reaching a two-year low, there are many high-frequency trading firms (HFTs) that are working to modify their approach. As Bitcoin came close to $20,000 last year, the markets grew in volatility. Money managers and investors found it hard to establish a place during this time, but it opened the door for trading firms to get involved. However, as 2018 has progressed, it seems that low volume and low volatility is commanding something new of HFTs. Michael Moro, the CEO for Genesis Trading, was quoted by The Block, saying, "If trading volumes are lower and spreads are lower, then naturally trading-commission businesses are lower."

    ...MoreFold
  • 21:34 Circle Launches Free Cryptocurrency Rewards for New Users

    Circle Invest, the retail cryptocurrency trading platform of Circle, has launched a new reward system, which is part of an effort to spur crypto adoption and boost user signup and will run through the end of the year. Participating customers will receive one of the cryptocurrencies listed on Circle Invest, including Bitcoin.

    ...MoreFold
  • 21:19 The Ministry of Community Development of UAE Have Launched PoC

    The Ministry of Community Development of the United Arab Emirates (UAE) announced on Nov 13 that they have rolled out a Proof of Concept – PoC, powered by the ProximaX Sirius blockchain platform solution. ProximaX and NEM Foundation jointly worked on the solution, where ProximaX provided its Sirius platform, integrated the Apostille, and completed the voting module for MOCD.

    ...MoreFold
  • 21:15 Lightning Network Passes 4,000 Nodes

    Data from monitoring resource 1ML confirms the latest growth of Bitcoin's second layer designed for faster and cheaper payments, Lightning Network, which at press time November 13 had a total of 4,026 nodes, of which 2,910 were public.

    ...MoreFold
  • 21:08 Insight Chain Releases ADA First Coverage Rating Results: Cautious to Buy

    Insight Chain (INB) released the first coverage investment analysis report of ADA. According to the report, Icarus, released by Cardano in August, is significantly better than the same type of wallet in portability and lightness. But on the other hand, the ADA has a certain overestimation of the market value in the case of slow project progress and imperfect ecological construction. Therefore, it has concluded that the result of ADA first coverage rating is cautious to buy.

    ...MoreFold
  • 20:48 Judge Rules in Favor of Canadian Bank in Dispute with Crypto Exchange

    A $19.6 million disputed sum between Canada's largest crypto exchange QuadrigaCX and the Canadian Imperial Bank of Commerce (CIBC) has been handed into the custody of the Ontario Superior Court, per a court document filed Nov. 9. In the recent court file, Judge Glenn Hainey of the Ontario Superior Court ruled in favor of the bank, agreeing that the owner of the funds is not clearly established. Per the ruling, CIBC now has to pass the funds over to the Accountant of the Superior Court, so the court can identify the owner of the money. Regarding the legitimacy of CIBC's actions in freezing the accounts, Judge Hainey concluded that he is "not in a position on this record to make any determination as to CIBC's possible liability for doing so." Click 'Read More' for details of the file.

    ...MoreFold
  • 20:39 Binance CEO Expect Next Bitcoin Rally 'Sooner or Later'

    ZHAO Changpeng, CEO of Binance, was speaking to CNBC and expressed that he expects the next Bitcoin bull run "sooner or later." "Even if I don't know what will catalyze a Bitcoin bull run, I am certain it will happen... Sooner or later, something will trigger it," ZHAO said. While CZ is not sure about the trigger for the next bull run, the CEO of cryptocurrency exchange ShapeShift, Erik Voorhees, believes that the U.S. debt will act as the next catalyst. Voorhees recently tweeted, "When the next global financial crisis occurs, and the world realizes organizations with $20 trillion in debt can't possibly ever pay it back and thus must print it instead, and thus fiat is doomed. Watch what happens to crypto."

    ...MoreFold
  • 20:39 ATO: Bitcoin Overtakes iTunes Vouchers as Most Common Payment Demanded by Tax Scammers

    Australians have reported more than 28,000 'scam' attempts to the Australian Tax Office (ATO) since July 1, and paid almost $1 million to scammers, the ATO says. The agency said payments through Bitcoin ATMs had overtaken iTunes vouchers as the most common method of scam payment reported to the ATO.

    ...MoreFold
  • 20:31 Formosa Financial Provides Crypto-Asset Financial Service for Wanchain

    Formosa Financial recently reached a partnership with Wanchain. It will bring digital asset financial services to its partner. Formosa Financial is considered as the top treasury management platform for digital assets. Wanchain is a platform that makes it possible for users to carry out transactions between blockchains. CoinNess.com Market Index: Wanchain (WAN), $0.85, -6.94%.

    ...MoreFold
  • 20:30 Ethereum Developer Justin Drake: The Ethereum Research Is Moving 'Extremely' Fast

    In the latest episode of CNBC's Crypto Trader on why Ethereum 2.0 is going to $1,250, host Ran NeuNer offers a tour of Ethereum's massive annual conference and talks with Ethereum developer Justin Drake, who claimed that the Ethereum research has been moving extremely fast and they've been continuously getting better designs. "In the grand scheme of things, Ethereum is only a few years old and we're moving extremely fast. I don't know any industry that moves faster than the blockchain space," said Drake.

    ...MoreFold
  • 20:15 Ripple Released New xCurrent 4.0 with Increased Product Interoperability

    New data suggests that customers of Ripple may be able to switch to xRapid, the company's premier offering utilizing XRP for liquidity, with ease. A document titled "What's New with xCurrent 4.0" has been released which shows off a bevy of new upgrades for xCurrent such as a new UI, bulk FX purchasing, zero downtime and "increased product interoperability".

    ...MoreFold
  • 19:48 A Japanese Investment Company Suspected of Violating Law, 90% of the Funds Are Raised by Bitcoin

    According to yomiuri, on November 14, the Japanese Police Agency arrested eight men from the investment group "SENER" on suspicion of violating the Financial Instruments Trading Act. It is reported that 90% of the total funds raised by the company was Bitcoin, and 10% was raised by cash, which is worth 1 billion yen ($8.778 million). However, SENER, which promised a high rate of return, stopped paying dividends in June last year, and most of the dividends did not pay off. The Japanese Police Agency said it will continue tracking the missing fund.

    ...MoreFold
  • 19:43 Report: Nvidia to See Q3 Strong Earnings, Crypto-Related GPU Sales Remain in Downtrend

    American GPU manufacturer Nvidia is purportedly set to release its Q3 results on Nov. 15, and Trefis experts have predicted an earnings growth by slightly over 20 percent on a year-on-year basis. Despite the overall positive outlook for GPU revenues, the report notes the decline in sales associated with crypto-related activities, as well as the impact of U.S. tariffs on some Chinese goods, which were introduced earlier this year.

    ...MoreFold
  • 19:41 Thailand's SEC Advises Caution with Q Exchange

    The Securities and Exchange Commission (SEC) of Thailand has warned investors that Q Exchange is not a licensed cryptocurrency dealer, and any investment made with the company might not be lawfully protected. The SEC said Q Exchange, which offers electronic money advisory and cryptocurrency trading, has used print media, social media and online media for publicity. Businesses publicizing or advertising themselves as cryptocurrency dealers must be authorised entities and regulated under the royal decree, the SEC reiterated.

    ...MoreFold
  • 19:36 Diar Launches Curated Crypto Data Platform

    Diar, a market research group focused on digital currencies, revealed this week that it has launched a curated data analytics platform that covers multiple areas of the cryptocurrency industry. The new site provides detailed research pages for Bitcoin, crypto exchanges, and institutional investments.

    ...MoreFold
  • 19:17 Ubitus Cloud Gaming Platform to Adopt Bitmain's Sophon AI Chips to Explore Computing Market

    Ubitus has been considered to be the largest cloud gaming platform that is found within the East Africa region. They went ahead to announce that it will be adopting the Sophon AI Chips and several other related hardware products that have been created by Bitmain.

    ...MoreFold
  • 18:59 Crypto Fund Circuit Capital Extremely Bullish on Crypto Infrastructure and Adoption

    According to a report in Bloomberg, the founders of a new San Francisco-based cryptocurrency hedge fund believe that the poor performance of digital asset prices during 2018 has made it more difficult to observe the ever-rising interest in the space from both consumers and investors. Former Deutsche Bank derivatives and Circuit Capital co-founder, Eugene Ng, told the publication: "Despite what is happening with prices, we're seeing adoption growing and a lot of people are looking to scale crypto businesses… We are starting to see talent moving into this space and institutional infrastructure developing."

    ...MoreFold
  • 18:55 Coin ATM Radar: Crypto ATMs Worldwide May Reach 4000 Over the Week

    The latest data from Coin ATM Radar, a leading authority that tracks crypto ATM locations, shows there are currently 3,963 crypto ATMs in 75 countries across the globe by the time of writing. Out of these installed ATMs, 1,250 (about 31.54%) support Bitcoin.

    ...MoreFold
  • 18:50 Isle of Man Tightens Requirements for Cryptocurrency Businesses & ICOs

    Details of the policy changes form part of the updated Designated Businesses Registration document published by the Isle of Man Financial Services Authority (IOMFSA) on October 5, 2018. According to the document, the IOMFSA will no longer register any cryptocurrency business in the Island unless the companies in question satisfy two requirements: 1. Having a minimum of two board of director members resident on the Island; 2. Management and control of the business must be domiciled on the Island.

    ...MoreFold
  • 18:46 CoinNess.com Highlights for Tomorrow: Binance's System to Start System Upgrade for Maintenance on Nov.14

    1.Binance will start the system upgrade for maintenance at 2:00 (UTC), which is expected to last 8 hours; 2. Loopring (LRC) will take snapshots and airdrop to LRC holders; 3. Decentralized meeting in Athens, Greece will be held.

    ...MoreFold
  • 18:33 Raiffeisen Bank and Gazprom Partner to Issue Bank Guarantee on Blockchain

    The Russian subsidiary of Raiffeisen Bank International has partnered with local state-owned oil giant Gazprom Neft to issue a bank guarantee on blockchain, Russian business newspaper Kommersant reported Nov. 12. The system used was reportedly developed by Raiffeisen, on the basis of the bank's blockchain platform R-chain, which it released in 2017.

    ...MoreFold
  • 18:05 Poll: One Third of German Logistic Managers Think Blockchain Will Improve Supply Chains

    More than a third of German logistics managers believe that blockchain technology has the potential to significantly improve cooperation in supply chains, according to a Hermes survey published on Nov 12. The survey polled participants on which technologies they believed were important for improving cooperation within the supply chain. 35 percent of respondents recognized the importance of blockchain, while 33 percent said that big data is important.

    ...MoreFold
  • 18:03 Litecoin Foundation Endorses CoinGate as the Most Recent Payment Processor

    Litecoin confirmed that the Foundation has accepted CoinGate as their official payment processor for the cryptocurrency.

    ...MoreFold
  • 18:01 Thailand Uses Blockchain-Supported Electronic Voting System in Primaries

    Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 1–9, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit Vejjajiva winning his party nomination with 67,505 votes. Party members were able to vote using two methods. The first method was through voting stations that utilized a Raspberry Pi-based system. Voters were also able to vote via a blockchain-based mobile app that asked voters to submit their photo ID. The identification documents used to verify party members and the voting tallies were both encrypted and stored on the InterPlanetary File System (IPFS), a decentralized and distributed file system for storing large volumes of data. IPFS uses a peer-to-peer protocol where nodes store a collection of hashed files on a network. For this election, the IPFS hashes were stored on the Zcoin blockchain, which acted as an "immutable database and provided auditability to the Thai Election Commission and the Democrat Party candidates." CoinNess.com Market Index: XZC, $10.20, -1.16%.

    ...MoreFold
  • 17:59 Bitcoin Group SE Buys Investment Bank Tremmel for Undisclosed Figure

    Bitcoin Group SE has bought 100 percent shares of investment bank Tremmel for an undisclosed amount. This is the German digital currency exchange operator's second acquisition in 2018. Bitcoin Group, which holds current assets of $40 million, said Tremmel allows it to issue its own cryptocurrency-related products, conduct proprietary trading and operate Bitcoin ATMs.

    ...MoreFold
  • 17:57 U.S. Air Force Will Use Blockchain Platform to Shore up Logistics, Supply Chain Capabilities

    SIMBA Chain, a cloud-based Blockchain-as-a-service (BaaS) platform formed from a Defense Advanced Research Projects Agency (DARPA) grant in 2017 originally developed by ITAMCO and the University of Notre Dame, has been awarded a government contract that will see the U.S. Air Force leverage its platform as it explores how Blockchain technology can improve its logistics and supply chain capabilities. The Air Force will be using SIMBA Chain to securely scale its additive manufacturing supply chain, following a call put out earlier this year by the Department of Defense through the Small Business Innovation Research (SBIR) program, seeking technologies with commercial applications that can help the service branch streamline its supply chain and logistics and stay ahead of the technological curve.

    ...MoreFold
  • 17:55 Bitcoin Cash Association and Spendbch's Bounty Encourages Latin American Crypto Acceptance

    To encourage the merchants to accept Bitcoin Cash in Latin American countries, the Bitcoin Cash Association, in conjunction with Spendbch.io created a bounty program. This bounty program is designed to create awareness about Bitcoin Cash as a viable currency alternative that they can use for their daily transactions. To this end, it is estimated that above 250 businesses in the countries of Colombia and Venezuela have adopted it as a payment option in their stores. People who have Bitcoin Cash, can walk into any of these stores and make their purchases without the need for cash.

    ...MoreFold
  • 17:51 Canadian Holding Firm to Acquire EXMO Crypto Exchange

    Canadian holding firm GoverMedia Plus Canada will acquire U.K.-based crypto exchange EXMO per a recently signed a Letter of Intent (LOI), according to a joint announcement published on Nov 13. The LOI reportedly enables GoverMedia to exclusively negotiate the transaction within the next 180 days. Upon the completion of the transaction, the joined entity will continue to conduct business on the EXMO platform and will be listed on a stock exchange.

    ...MoreFold
  • 17:50 Former Deutsche Bank Traders to Launch Hedge Fund by January

    Circuit Capital, a new cryptocurrency hedge fund based in San Francisco and Singapore will be launched by January. The group of two Silicon Valley venture capitalists, a former Deutsche Bank AG trader and a private-equity analyst, have developed an index to track the take up of digital assets. Circuit plans to raise $30 million by its launch in the first quarter and grow assets to over $100 million. Circuit has developed an index that measures mainstream adoption of the blockchain technology that supports digital assets. The benchmark is based on more than 10 data points including the number of active crypto wallets, transaction volumes, the hash rate, the speed at which digital currency mining machines make computations, as well as web searches for articles on crypto and hiring of technology and financial professionals in the industry.

    ...MoreFold
Read More