Day: December 19, 2018

TRON Arcade Wants to Break Open the Gaming Industry for Blockchain

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Tron Blockchain platform TRON announced today its plans to establish a $100 million fund known as “TRON Arcade.” The fund is the fast-rising network’s newest effort to drive higher adoption of its platform and to finally unlock the gaming sector, which is worth billions, for blockchain technology. Until this point, the blockchain-based gaming field has experienced mixed results in terms of market penetration. Several projects have emerged, each of which seek to disrupt the nearly $138 billion industry, although adoption and retention have posed major challenges for early entrants. Unlike…

Ethereum Price Analysis: ETH Holding Key Uptrend Support

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Key Highlights ETH price traded further higher and traded as high as $107.81 before correcting lower against the US Dollar. Yesterday’s highlighted key bullish trend line acted as a support at $98 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its upside move as long as it is holding the $97-98 support area. Ethereum price remains well bid against the US Dollar and bitcoin. ETH/USD dipped recently, but it was well supported near the $98-100 zone. Ethereum Price Analysis Recently, there was a solid…

Binance CEO Changpeng Zhao Calls 2018 ‘Correction Year’ for Crypto

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Changpeng Zhao called 2018 a “correction year” for crypto currencies while expressing optimism for the future of the crypto industry during a Bloomberg interview published on Dec. 19. Zhao spoke in reference to the bear market plaguing traders this year, which took a turn for the worse in mid-November when markets crashed even further. Zhao, the CEO and co-founder of major cryptocurrency exchange Binance, said that “it’s a correction year.” He noted that while “price is a very strong attraction” for speculators, the industry will grow thanks to builders who…

Following $120 Million Funding Round, Waves Token Price Jumps Over 30%

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Global blockchain platform Waves has raised $120 million in a private funding round for its new project called Vostok, according to an official blog post published Dec. 19. The Vostok project is a “universal blockchain solution” that combines two basic components  — its own private blockchain platform, and the Vostok system integrator, a tool for developing and optimizing the platform. The Vostok blockchain is focused on the  deployment of Waves technologies for commercial and government IT systems. The new product will reportedly help the Waves Platform to develop new technologies…

Out of 460 Million Bitcoin Addresses, Only 37% ‘Economically Relevant’

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Only 37 percent of Bitcoin (BTC) addresses in its network are “economically relevant,” according to a report released by research firm Chainalysis on Dec. 19. To date the Bitcoin blockchain forms a network of 460 million addresses, which can send and receive the coin, per Chainalysis. An individual or a legal entity can have any number of Bitcoin addresses. Economically relevant addresses are controlled by individuals or services who currently own Bitcoin, and constitute only 37 percent — or 172 million addresses, — while only 27 million of these actually…

Blockchain Journalism Project Civil to Launch in February Despite Token Sale Flop

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Blockchain media startup Civil will launch in February, despite the fact their CVL token sale failed earlier this year, according to the company’s blog post published Dec. 19. Civil is a blockchain-based platform for journalism that focuses on building a new media ecosystem with its native CVL token, which will purportedly help participants attain financial sustainability and improve trust in journalism. In today’s post, the company announced it will launch in early February, despite the fact the CVL token sale targeting an $8 million minimum did not succeed earlier this…

Tunisia Internet Agency Signs Strategic Partnership With Blockchain Platform

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The Tunisia Internet Agency (ATI) is going provide hosting services for the Russian blockchain platform Universa, according to a press release shared with Cointelegraph on Dec. 19. Founded in 1996, the ATI is a governmental body run by the Ministry of Communications with the objective to promote Internet usage in the country. Per the release, the ATI has signed a 10-year renewable strategic partnership with the blockchain platform Universa to provide hosting services for the platform and facilitate its further development. The agreement sets up a range of objectives, wherein…

Popular Crypto Mining GPU Price Down 67% Since February

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AMD’s popular Radeon RX580 graphics processing unit (GPU), which has been widely used by crypto miners, is now being sold for $179.99, gaming magazine PC Gamer reported on Thursday, Dec. 19. This means that the GPU, which reached a peak average price around $550 in February 2018, has seen a 67 percent price drop throughout the bearish year, dubbed “Crypto Winter” by some crypto entrepreneurs. As Cointelegraph previously reported, the year-long bear market has had a significant effect on the crypto mining industry, with dramatic drops in revenue forcing many…

Crypto Exchange Coinbase Decides to Withdraw Its ‘BUIDL’ Trademark Application

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Major United States-based cryptocurrency exchange and wallet service Coinbase has withdrawn its application to trademark the term “BUIDL.” The official status of the application was changed to “abandoned” on Wednesday, Dec. 19,  according to the U.S. Patent and Trademark Office’s (USPTO) website. According to the USPTO’s records, the trademark application is no longer active due to Coinbase filing an express abandonment on Dec. 14. Coinbase first filed an application to trademark the term “BUIDL” on Oct. 2. The intentionally misspelled word “buidl” refers to a cryptocurrency community concept that implies…

Ledger to Accept Crypto Payments Following MoU With Hong Kong Startup

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Crypto hardware wallet supplier Ledger has signed an agreement with crypto payment startup Crypto.com to allow users to pay for its products with crypto, according to a press release shared with Cointelegraph on Dec. 19. Hong Kong-based Crypto.com has reportedly signed a Memorandum of Understanding (MOU) with Ledger that will enable Ledger to adopt their service Crypto.com Pay. The payment platform will purportedly allow Ledger clients to pay for products with cryptocurrency. Crypto.com Pay will purportedly be incorporated into Ledger’s online store, where customers will able to make purchases via…