Day: October 6, 2018

Inside the Wall Street Practice that Could Ruin Bitcoin

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Note: This is part 3 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews with Caitlin Long and parts 3 and 4 ask the question, “How did we get to a place that where laws look like this?” In order to understand why Wall Street veteran and cryptocurrency advocate Caitlin Long thinks that “rehypothecation” and “commingling” are going to be much-discussed topics in the cryptocurrency industry, we must understand Long’s background. The best way to do this…

Crypto Markets Stay Mostly Stagnant Despite This Week’s Major News for Industry

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Saturday, Oct. 6: crypto markets keep remain fairly stable on the day, despite this week’s major news in the industry, including institutional investments and an update from the SEC on their highly-anticipated Bitcoin ETF decisions. CNBC’s CryptoTrader host Ran Neuner commented on Twitter today that all of this week’s “good news” – such as retail brokerage firm TD Ameritrade and Ivy League U.S. university Yale moving into crypto – are “related to investment & speculation.”  Neuner suggested that perhaps such news was not moving the market because the market is…

BlackBerry to Launch Blockchain for Medical Data Sharing

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BlackBerry Limited has now come up with a blockchain solution for secure data sharing among healthcare providers in order to improve patient outcomes. The company is using its network operation center (NOC) to power a blockchain digital ledger that aims to create a secure global system for storing and sharing patient medical data, a release states. The blockchain is provided by Onebio, a peer-to-peer marketplace for biodata. BlackBerry, the longtime developer of smartphones and tablets, has recently unveiled BlackBerry Spark, an Enterprise of Things (EoT) platform, that aims to transform the…

New Taiwanese Exchange Rewards Users for Token Mining and Staking From Its Fee Revenue

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MaiCoin, the largest one stop digital asset platform provider in Taiwan, recently launched it’s MAX Exchange. The exchange initially started by offering Taiwan Dollar (TWD) to crypto pairs and it currently lists 16 crypto/TWD pairs. As part of its global aspirations, MAX Exchange has recently launched a total of 51 crypto to crypto pairs which include both USDT and TWDT stablecoin pairs. MAX Expansion While TWD fiat trading is only open to citizens of Taiwan, crypto-to-crypto pairs are now available for the global market, requiring MAX users to register with…

Bitcoin Gradually Increased in Price in September, Case for a Bull Run

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Since early September, the price of Bitcoin has gradually increased from $6,100 to $6,550, testing the $6,800 resistance level on two occasions. Bitcoin experienced four dips in its price in the past 30 days and every consecutive drop in the price of the asset stabilized in a higher region than its previous decline in value. On Sept. 9, the price of Bitcoin dropped to around $6,100 during its first fall in the month. On Sept. 16, a week after the initial drop followed by a corrective rally, the price of…

Bitcoin’s Block Size Can Be Increased Without Hard Fork, Says Blockstream Co-Founder

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Bitcoin (BTC) protocol developer Mark Friedenbach introduced a method for Bitcoin scaling he claims will not require a hard fork at a workshop in Tokyo October 5. The new concept presented at the Scaling Bitcoin workshop, entitled “Forward Blocks,” suggests a major on-chain capacity boost by means of a Proof-of-Work (PoW) alternation that is done as a soft fork, combined with use of alternative private ledgers. The proposal describes a method for scaling that claims to be able to increase “settlement transaction volume to 3584x current levels” and improve censorship…

Pantera Capital’s Crypto Fund Reports 40.8% Loss since Launch

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Pantera Capital’s Digital Asset Fund has sunk in value since it began in December 2017. A report which surfaced on social media revealed that the U.S. investment firm negated 40.8 percent returns to its investors to date. The figures contributed to the fund’s year-to-date losses, which rose to 72.7 percent. The fund’s compound annual growth rate (CAGR) also dropped by more than 50 percent since launch. Pantera releases some painful performance numbers for their new #crypto fund. #bitcoin #ethereum pic.twitter.com/Do6D8sxHla — Collin Crypto (@CollinCrypto) October 5, 2018 The cryptocurrency industry…

Bitcoin Price Still Stable Below $6,600, What Stands Ahead of Crypto Market?

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For over a week, Bitcoin has remained relatively stable in the $6,400 to $6,600 range, struggling to sustain its daily trading volume across major crypto exchanges. Within the past 48 hours, the volume of Bitcoin has declined from $4 billion to $3.2 billion on Coinmarketcap and from $2.6 billion to $2 billion on CoinCap.io, the cryptocurrency market data provider of popular digital asset exchange ShapeShift. Overall, Bitcoin has lost around 20 to 30 percent of its volume in the past two days, which has prevented the cryptocurrency market from initiating…

South Africa and Crypto – a Conservatively Optimistic Approach

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Blockchain and cryptocurrencies have proliferated the minds of millions across the world, as trading and crypto asset ownership continues to rise. In the same breathe, many countries across the world have taken a tough stance against cryptocurrencies in particular. Some, like China, have outlawed their use, while others like Malta are at the forefront of cryptocurrency and blockchain development. In an African context, this sector is slowly growing. At the southern end of the continent, South Africa sits in an interesting position. As one of the bigger economic hubs of…

Seoul Mayor Announces $53.39 Million Fund for Blockchain Districts

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A South Koran politician has committed a $53.39 million fund to develop blockchain regions in Seoul, local media reported. Park Won-soon, who is the mayor of the South Korean capital city, said their government would create two business complexes to settle 200 blockchain-related companies by 2021. The districts would also serve the purpose of training 730 experts in the field over the course of the next five years. “There’s no doubt blockchain is the core technology of the fourth industrial revolution, which will shape the future IT industry. I will make…