Day: December 28, 2018

Bitmain Reportedly Will Sack More Than Half of Workforce

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The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce. Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. Some reports were even claiming that the company was looking to shed 50 percent of all employees. These rumors first began to…

There May Be (Some) Tax Relief Options if You Sold Your Bitcoin at a Loss

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For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they haven’t sold yet. On December 17, 2017, bitcoin hit an all-time high at over $19,000. Thereafter, it has fallen over 80 percent and now hovers at around $4,000 at the time of writing. While losing money is never the end goal, there are certain measures investors can take in order to minimize their taxable income by…

Samsung Seeks UK Trademark For Cryptocurrency Wallet

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South Korean electronics giant Samsung is apparently seeking a trademark in the United Kingdom for a cryptocurrency wallet, according to a Dec. 27 filing with the U.K. Intellectual Property Office. In the “Classes and terms” section of the application, Samsung cites such developments as “Computer software for use as a cryptocurrency wallet; Computer software for cryptocurrency transfer and payment using blockchain technology; Computer application software for smartphones, namely, software to allow users to transfer cryptocurrency based on blockchain technology and pay via 3rd party’s application software.” The application follows rumors…

Japanese Financial Regulator Receives 190 Cryptocurrency Exchange License Applications

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The Japanese Financial Services Agency (FSA) received 190 cryptocurrency exchange license applications, an unnamed FSA staff member told Cointelegraph Japan on Dec. 28. The FSA has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space. The JVCEA is now expected to develop anti-money-laundering (AML) policy and providing guidelines to crypto exchanges. As Cointelegraph recently reported, such a license was recently granted to cryptocurrency exchange Coincheck. Following a hack at the exchange in January, it received two business improvement orders from…

Multi-Blockchain Crypto Collectible Game Integrates TRON and Promises Unique Updates

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Blockchain Cuties, a decentralized crypto collectible game already available on two blockchain platforms — Ethereum (ETH) and EOS — has recently added a third platform based on the decentralized protocol TRON. Blockchain Cuties has announced that the TRON version of the game will have unique content, including Cuties, items and probably locations. Future of DApps “We have been seeking an opportunity to work with TRON since June 2018 and now, we’re finally here,” Vladimir Tomko, CEO of Blockchain Cuties says. The game developer believes that adding the TRON community will…

Recently Discovered Wallet Vulnerabilities Not Critical

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Ledger claimed that recently uncovered vulnerabilities in its hardware wallets are not critical in an official Medium blog post on Dec. 28. Yesterday at the 35C3 Refreshing Memories conference in Berlin, researchers claimed that they were able to hack the Trezor One, Ledger Nano S and Ledger Blue cryptocurrency wallets. In the post, the company explains that there appeared to be “three attack paths which could give the impression that critical vulnerabilities were uncovered,” but according to them “this is not the case.” The reason Ledger says that the vulnerability…

Visa to Purchase Ripple Cross-Border Payments Partner Earthport

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American payment services giant Visa Inc. is acquiring Ripple partner Earthport Plc, a payment network for cross-border transactions, Reuters U.K. reported Dec. 27. Founded in 1997, London-based Earthport is a financial services firm that offers cross-border payments service to banks and financial institutions. Earthport is a partner of tech company Ripple, where the partnership is aimed at integrating the Ripple protocol into the firm’s existing payment network to improve international transactions. Per Reuters, the acquisition will be made for £198 million ($251 million), or 30 pence ($0.38) per each Earthport…

Crypto Markets in the Green Following Tough Losses

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Friday, Dec. 28 — The top 20 cryptocurrencies are in the green after seeing some tough losses over the last couple of days. Some coins have registered double-digit increases over the last 24 hours, according to Coin360. Market visualization by Coin360 The leading digital currency Bitcoin (BTC) is up over 7 percent on the day, trading at around $3,946 at press time. On its weekly chart, Bitcoin saw its lowest price point today at $3,624, while its highest price point was $4,268 on Dec. 24. Bitcoin 7-day chart. Source: CoinMarketCap…

Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Bitcoin SV, TRON, Cardano: Price Analysis, Dec. 28

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Crypto markets have given up some of their recent gains, which is expected. Rarely do markets bottom without forming a basing pattern. Entrepreneur Charles Shrem believes that the current dip is due to the expiration of Bitcoin futures on the Chicago Mercantile Exchange (CME)…

Startup Plans to Change Traditional Investment Models

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The startup aims to start a “financial revolution” by creating its own social network, where users can earn tokens and spend them by hiring top investment professionals and investing in the products and services they choose. The idea of the Huddl project is to break the traditional investment model, in which the company says that premium products are available only for wealthy people or for institutional investors. The Huddl team says the main reason that motivated them to build the platform was the loss of trust in traditional financial services…