“To me, it kind of feels similar to the beginning of ethereum.” Andrew Paulicek, founder of Happy Tezos, isn’t the only one excited about the upcoming milestone in the life of Tezos, a blockchain network that launched three weeks ago after a series of long, painful delays. Every three days or so – the exact intervals vary – Tezos enters a new “cycle.” At some point this weekend, likely Saturday, it will cross the threshold into cycle number seven. When that happens, the Tezos Foundation, the entity that conducted Tezos’ initial…
Month: July 2018
Huobi Launches Service to Build Crypto Exchanges in the Cloud
Huobi, the world’s third-largest cryptocurrency exchange platform by trade volume, is now offering a business arm to help customers build their own digital asset exchanges. Dubbed the Huobi Cloud, the service is set up to provide clients “a one-stop solution … [to enable] its partners to build secure and stable digital asset exchanges quickly,” according to the official press release, though it did not provide specifics on what it will offer these partners. The company goes on further to explain: “Over the past five years, Huobi has accumulated rich and…
CoinMarketCap Announces Changes to Counter Fake Volume Concerns
The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called “concerns” over fake volume figures. In a blog post, published on July 19, the site said that it had already dropped a minimum volume requirement for exchanges listed on the site, a policy it said was originally pursued “in order to filter for more popular exchanges that could be listed on CoinMarketCap.” The site also plans to introduce new filters and ranking metrics in a bid to give users “the power to experience and use…
Vitalik Buterin Makes Fortune 40 Under 40
We know their names, but that’s not always enough. To appreciate the young in the world of business, Fortune, a multinational magazine, publishes its ’40 under 40′ list every year. Yesterday, the 2018 Fortune 40 under 40 list was released—and four crypto players made it. Vitalik Buterin makes Fortune 40 under 40, plus more! Crypto Makes it on the 2018 Fortune 40 Under 40 When Fortune’s under 40 rankings first started, it was to show off the giants of the dot-com boom. But things are different now, with changes being sparked by…
$8K In Reach? 4 Barriers Await Emboldened Bitcoin Bulls
$8,000? It’s not out of the question. With no price pullback happening in the wake of Tuesday’s sudden surge, the technical charts indicate bitcoin could soon close in on this key psychological benchmark. First, an expected pullback was not without merit (the charts were looking overextended on Tuesday when the 4-hour RSI reached its highest level since 2016), but since Wednesday, the world’s largest cryptocurrency has largely consolidated gains in a narrow range between $7,246 and $7,588. As the trading range tightens and the technical indicators regain composure, the probability of…
EOS Leads China’s Blockchain Rankings Again, Bitcoin Still Out of Top 15
The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme. EOS Tops China’s Blockchain Rankings for Second-Straight Month Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks according to three metrics, roughly translated as technology, applicability, and innovation, which were then compiled into an overall index score. Though scoring below its peers on applicability (middle column), EOS led the rankings with an…
Malta Stock Exchange Inks Deals to Build Security Token Exchanges
MSX, the newly launched fintech arm of the Malta Stock Exchange, has inked several new deals aimed at creating new marketplaces for tokenized securities. The newly inked deal sees MSX team up with Neufund, a platform for securities tokenization and issuance, to build a “regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets,” according to a press release. Exactly what will make the new exchange decentralized was not explained, however. The partners are already planning a pilot later this year, which will include a public offering of tokenized…
Ex-Trump Advisor Steve Bannon Is Making a Cryptocurrency
Steve Bannon, former chief strategist to U.S. President Donald Trump, confirmed that he wants to launch a cryptocurrency of his own. Speaking to CNBC on Wednesday, the Breitbart co-founder said “they’re the future,” adding that “we’re working on some tokens now, utility tokens, potentially, for the populist movement on a worldwide basis.” Bannon first hinted at the idea in June, though at the time he was hesitant about revealing too many details of his cryptocurrency plans, according to the New York Times. He did contemplate naming his token the “deplorables…
Bitcoin Price Prepares to Test $8K After Bull Breather
Bitcoin’s (BTC) minor price pullback yesterday has likely recharged the bulls for a rally towards $8,000, technical charts indicate. The leading cryptocurrency has spent a better part of the last 15 hours trading in the $7,240–$7,440 range, having clocked a 40-day high of $7,588 at 18:00 UTC yesterday. Moreover, BTC was looking overbought at multi-week highs, hence a minor correction was expected. More importantly, the price pullback and the subsequent consolidation, when viewed against the backdrop of the high volume inverse head-and-shoulders breakout, indicate that BTC has likely gathered steam…
Bitcoin Trading Volume Is Up 100% From Its Recent Low
With Tuesday’s dramatic $600 bitcoin rally came a sharp rise in trading volume, more specifically a 100 percent increase from its 7-month volume low set just four days ago. As of Monday, bitcoin’s 24-hour trading volume had fallen to $2.92 billion, a level last seen on November 7. However, as price volatility tends to follow dramatic volume lows, bitcoin’s breakout yesterday was no exception to the rule: 24-hour trading volume reached $5.9 billion. All in all, this marked a 103.7 percent increase from the 36-week low set this past Saturday.…