Day: October 2, 2018

CEO of Blockchain Browser Brave Urges US Senate to Consider European Privacy Standards

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Brendan Eich, the CEO of decentralized browser Brave, has urged members of the U.S. senate to consider the General Data Protection Regulation (GDPR) as a regulatory model, according to a statement published Oct. 2. In an open letter dated Sept. 29, Eich called on members of the U.S. Senate Committee on Commerce, Science, and Transportation, to look to the GDPR as a model for American data privacy regulations. First proposed by the European Commission in 2012, the GDPR legal framework for personal data protection became effective in the European Union…

Joseph Lubin Invests in DrumG Technologies

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While ETH is up eight percent in the last week, volatility is low in lower time frames. ETH prices are stable in the daily chart but there is a strong ceiling at $250 popping bull attempts. As prices lack bullish support, the Austrian government is using Ethereum for auctioning their government bonds. Joseph Lubin in the meantime is investing $6.5 million in DrumG. Latest Ethereum News Joseph Lubin of ConsenSys is investing $6.5 million on a blockchain start-up, DrumG Technologies. It’s not about the money per say but about the…

Automated Trading Programs Manipulate Digital Currency Prices

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Automated trading programs, or bots, are manipulating digital currency prices on cryptocurrency exchanges, according to a Wall Street Journal (WSJ) report October 2. Automated trading software is a program that allows traders to set specific rules for both trade entries and exits, submit orders to a market center or exchange, and then automatically executes them by means of a computer at speeds greater than any human is able. Trading programs are available for traditional and crypto markets, and can be deployed for both legitimate and manipulative strategies. Addressing crypto markets,…

Stellar Lumens and Litecoin Stabilizing the Altcoin Ship

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In the last day, altcoin prices were stable. Gains or losses were within a one percent range as sellers begin to clip back gains. The fact that there is failure by Cardano and EOS bulls to close above key resistance lines at 12 cents and $7 backs our bearish forecast. On the other hand, Litecoin and Stellar Lumens prices continue to trend inside Sep 27 and 23 bull bars underlining our upbeat stand. Let’s have a look at these charts: EOS Price Analysis At the face of block producer corruption,…

Bitcoin Investment Trust Shares Down 80 Percent, Investors Cite Low Prices, High Fees

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The “lone” Bitcoin (BTC) investment trust in the U.S., Grayscale Bitcoin Investment Trust (GBTC),  has seen its net asset value hit the lowest point since the BTC price surge of 2017, Bloomberg reported October 2. Grayscale Investments Inc., the company behind GBTC, reportedly has $1.5 billion in assets under management, and is one of the largest cryptocurrency asset managers in the world. GBTC is an open-ended grantor trust, the purpose of which is to track BTC market price. According to Bloomberg, shares of GBTC have dropped by around 80 percent…

Charles Schwab Exec Joins Coinbase Board

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Chris Dodds, who serves on the board of directors of the Charles Schwab Corporation, has joined cryptocurrency exchange Coinbase‘s board of directors, according to an announcement published October 2. The Charles Schwab Corporation is a brokerage, banking and financial advisory services firm based in San Francisco. Per the firm’s annual report, the company had $3.36 trillion in client assets, 10.8 million active brokerage accounts, and 1.2 million banking accounts, as of December 2017. In addition to the Coinbase board, Dodds will reportedly contribute to the exchange’s expansion in terms of…

Binance Labs Invests ‘Millions’ in Decentralized Digital Content Monetization Startup

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Binance Labs has reportedly invested millions of dollars in decentralized digital content ecosystem Contentos, according to a press release published October 1. Founded by the largest cryptocurrency exchange Binance, Binance Labs is an initiative that seeks to support early-stage blockchain and digital currency projects and entrepreneurs by making direct investments, as well as mentoring and providing technical advice to projects. Per the press release, Binance Labs made a “multi-million” dollar contribution to decentralized digital content ecosystem Contentos, but the exact amount of secured investment was not disclosed. Within the investment…

Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft

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The Bank of America (BoA) has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon, CNBC reports Oct. 2. While BoA’s analysts refrained from putting “a time stamp” on the industry becoming a major, multi-billion dollar addressable market, they reportedly based their estimates on a ballpark figure that two percent of corporate servers would be used to run blockchain at a cost of $5,500 annually. BoA research analyst Kash Rangan told CNBC that the technology is well-suited…

Crypto Markets Remain Shaky, NEM Continues Rising for the Second Day

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Tuesday, October 2: crypto markets are seeing mixed signals, with up and down fluctuations for the last few hours and most of the top 20 cryptocurrencies by market cap seeing losses, according to CoinMarketCap. However, in terms of the 100 top cryptocurrencies, around half of the markets are in the green today. Market visualization from Coin360 After seeing a slight growth on September 30,  Bitcoin (BTC) continues seeing losses. The major cryptocurrency is up around .015 percent over the past 24 hours, trading at $6,564 at press time. While Bitcoin…

Puerto Rico’s Noble Bank Reportedly Loses Clients Tether, Bitfinex, Seeks Buyer

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Puerto Rico’s Noble Bank International, which is known for reportedly opening accounts for USD-backed token Tether and crypto exchange Bitfinex, is allegedly searching for a buyer, Bloomberg reports Thursday, October 2. Citing an unnamed person familiar with the case, Bloomberg reports that Noble Bank has lost Tether and Bitfinex as clients, among others, and is currently on the search for a buyer. The bank, which sources tell Bloomberg is no longer profitable, might sell for a price from $5 to $10 million, which is mostly formed by the value of…

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