YouNow Sees Strong Revenue Growth After SEC Approves Token Distribution

In a disclosure expected to be published Wednesday by the U.S. Securities and Exchange Commission (SEC), blockchain-based live-streaming company YouNow reported revenues have grown steadily since the release of its props token in July. The filing follows YouNow receiving approval from the SEC this summer to distribute its props token under a Regulation A+ qualification, one of the new categories of fundraising created by the JOBS Act of 2012. Besides YouNow, only a handful of crypto firms have chosen the Reg A+ framework to date, including Blockstack. The filing suggests that regulated…

As Deepfake Videos Spread, Blockchain Can Be Used to Stop Them

At a time when the term “fake news” has become a household name thanks to its repeated use by President Donald Trump, deepfakes — i.e., seemingly realistic videos that are in fact manipulated — can further escalate the problem associated with distrust of media. Technologists are looking at the inherent nature of blockchain as aggregators of trust to put more public confidence back into the system.  Truth is increasingly becoming a relative term. When everyone has their own version of the truth, democracy becomes meaningless. The advent of deepfakes is…

Bored Bitcoin Traders Pump Binance Coin (BNB) by 11%

Binance Coin (BNB) was trading in an extremely positive zone on Wednesday as its top rival bitcoin kept underplaying investors’ bullish expectations. The eighth-largest cryptocurrency by market cap surged by up to 11.73 percent to establish a session high of 2,289 sats. It attracted a similar capital from the fiat market, rising by 11.12 percent against the US dollar or US dollar-denominated crypto-assets. At the same time, it’s market cap touched a sessional peak of $2.734 billion. Binance Coin (BNB) surges by more than 11 percent against the US dollar…

Vanguard Developing Blockchain Platform for $6 Trillion Forex Market

Mutual fund giant Vanguard has partnered with Nasdaq Ventures-backed blockchain startup Symbiont to develop a trading platform for the $6 trillion currency market, the companies said. With the new platform, Vanguard, which manages $5.2 trillion, aims to lower transaction costs for the trillions of dollars worth of currencies it trades annually by boosting peer-to-peer trading for investors, connecting them directly via blockchain technology. Symbiont CEO Mark Smith told CoinDesk the company teamed up with Vanguard to build the currency platform, confirming a Bloomberg report that cited an anonymous source. The platform…

US Senators Warn Three Facebook’s Libra Backers of Membership Risks

Three backers thought to be reconsidering their involvement in Facebook’s digital currency Libra have received warnings from the United States’ politicians over participating. Senate Letter: Facebook’s problems are your problems According to Bloomberg’s article published on Oct. 9, a letter to Visa, Mastercard and Stripe was sent by two U.S. senators. In it, they are reportedly pressuring the three payment giants to look closer at the regulatory implications of Libra. The report comes a week after the rumors started to spread about the companies’ cold feet over Facebook’s digital currency.…

Bitcoin Price (BTC) Holding $8K and Likely To Bounce Back

Bitcoin price formed a high near $8,348 and recently corrected lower against the US Dollar. The price is currently trading near the $8,120 level and it could test $8,050 or even $8,000. There is a short term contracting triangle forming with resistance near $8,160 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to remain well bid above the $8,050 and $8,000 support levels in the near term. Bitcoin price is slowly declining below $8,200 against the US Dollar. However, BTC is likely…

Crypto Market And Bitcoin Struggle Continues: BCH, Litecoin, EOS, XLM Analysis

The total crypto market cap is facing a strong resistance near the $218.0B and $220.0B levels. Bitcoin price failed to gain momentum above $8,300 and recently declined below $8,200. Litecoin (LTC) price is still trading well below the main $60.00 resistance area. Bitcoin cash price is currently correcting gains and it could test the $220.00 support. EOS price failed to surpass the $3.250 resistance and is currently declining towards $3.050. Stellar (XLM) price is currently consolidating gains above the $0.0600 support area. Bitcoin (BTC) and the crypto market cap are…

WATCH: Ethereum Enters a ‘Crossroads’ at the Ethereal Summit

On location in Tel Aviv at the Ethereal Summit, hosted September 15, CoinDesk’s Daniel Kuhn spoke with some of the major players in the ethereum space about where the second largest blockchain is heading. Billed as “the world’s computer,” ethereum has not lived up to its initial marketing campaign. ConsenSys and a crowd of developers are working at a solution, dubbed ethereum 2.0, to fix the blockchain’s scalability problems. Leading up to this reboot, the Ethereal Summit served as a progress marker. The community was enthusiastic for what lays ahead.…