Day: August 29, 2018

OpenFinance Launches Regulated Alternative Trading System for Securities Tokens

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OpenFinance, a security token trading platform, has launched a regulated alternative trading system (ATS) for security tokens, according to information shared with Cointelegraph August 29. In the U.S. and Canada, an ATS is a non-exchange trading venue that that matches buyers and sellers to find counterparties for transactions. They are usually regulated as broker-dealers instead of as exchanges. In an email, Juan Hernandez, CEO at the U.S.-based OpenFinance, confirmed to Cointelegraph that the company has created the trading system, noting that the official press release will appear later on the…

Bitcoin (BTC) Price Watch: Make or Break at $7,000

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Bitcoin Price Key Highlights Bitcoin price is once again attempting to break past the key $7,000 barrier on its climb. If it does, bullish pressure could kick in and complete the formation of a long-term double bottom reversal pattern. The pattern’s neckline would be at the $8,400 mark and a break higher could spur a prolonged rally. Bitcoin price is back to the key $7,000 mark and a strong upside break could confirm that a big rebound is in order. Technical Indicators Signals The 100 SMA is below the longer-term…

California State Legislature Passes Bill to Establish Blockchain Working Group

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California’s AB 2658, a bill that calls for the establishment of a working group on blockchain technology, has passed both houses of the state legislature and will now head to the governor for approval, according to public documents. The bill would would define blockchain as “a mathematically secured, chronological, and decentralized ledger or database,” and requires the Secretary of the Government Operations Agency to form a blockchain working group on or before July 1, 2019. Per the bill, the group should consist of participants from both technology and non-technology industries,…

Bitcoin Cash (BCH) Price Analysis: Bitcoin Cash Existential War

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Over time, it has been proven that Bitcoin Cash (BCH) theatrics are head line makers. However, this time round, the topic of discussion—whether or not to hard fork is existential. Bitcoin SV and Bitcoin ABC are diverging on how best to upgrade the network. what they disagree is block size increment and reactivation of Satoshi operation codes. As the drama rolls on, prices are stalling. At the time of press, BCH is down two percent in the last day. However, it is up seven percent on a weekly basis. The…

EU to Discuss Further Crypto Regulation Amid Concerns About Lack of Transparency

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Economic and financial affairs ministers from the European Union’s (E.U.) 28 member states will reportedly hold an informal meeting on the challenges posed by digital assets and the possibility of tightening regulations, Bloomberg reported August 29. According to a draft note seen by Bloomberg, participants will discuss a general lack of transparency and the potential for cryptocurrency to be used for tax evasion, terrorist financing and money laundering at a September 7 meeting in Vienna, Austria. The European Securities and Markets Authority (ESMA) has previously warned customers about Initial Coin…

Australia Will Develop a Nationwide Blockchain Platform

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Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has announced the formation of a data consortium in partnership with IBM and law firm Herbert Smith Freehills for the purpose of building a groundbreaking large-scale, cross-industry smart contract platform for Australian businesses to collaborate and do business within. Australian National Blockchain The platform, which will be called the Australian National Blockchain (ANB) is being touted as potentially game-changing infrastructure within Australia’s digital economy, helping businesses around the country make use of legally-enforceable smart contracts and exchange data, as well as confirm…

Ethereum Cofounder Joseph Lubin Doubts Tether Bitcoin Price Manipulation

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Ethereum cofounder Joseph Lubin said on Yahoo Finance’s Final Round August 28, that he doubts manipulation accusations against stablecoin Tether (USDT). Founded in 2014, Tether was “the first” blockchain-powered platform that allows for the tokenization of fiat-backed cryptocurrencies. In June, after the publication of a study conducted by analysts from the University of Texas, USDT fell under suspicion of Bitcoin (BTC) price manipulation in 2017, when the BTC price surged to an all-time high of $20,000. The paper claims that “purchases with Tether are timed following market downturns and result…

Cardano, Tron, Litecoin, Stellar Lumens, EOS Price Analysis

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A day before Tron launches their Turing complete and EVM compatible virtual machine, TRX is down five cent. Encouragingly though, it is up 28 percent on a weekly basis. Concurrently, ADA is up 15 percent on a the same time frame as EOS literally outperforms in the top 10 after gaining five percent in day where most coins slowed shedding a ball park four percent. Let’s have a look at these charts: EOS Price Analysis From the News Straight from damning revelation of smart contract vulnerabilities allowing for RAM exploitation…

Yahoo Finance Integrates Bitcoin, Ethereum and Litecoin Trading

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Yahoo Finance has integrated trading with Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) on its platform. While statistics are available on the platform for other digital currencies like Bitcoin Cash (BCH), Ethereum Classic (ETC) or EOS, they currently do not have buy and sell options. The development has led some in the crypto community to say that it is an important step forward for crypto adoption. Crypto enthusiast and founder of Morgan Creek Digital, Anthony Pompliano tweeted: You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance. THE VIRUS…

Litecoin Creator Charlie Lee Recommends Buying Bitcoin in Bear Market

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The cryptocurrency market has now been in a bear cycle for more than two-thirds of the past year, and, as August prepares to roll in September, predictions from past months that the bitcoin price would test its all-time high in 2018 appear less and less likely. However, even after this prolonged decline, Litecoin creator Charlie Lee says that the flagship cryptocurrency is still a good buy. Speaking with CNBC, Lee said that the dropoff in prices has created an excellent investment opportunity for long-term bulls who have cash-in-hand that they…