Filecoin, But Forever: Arweave Raises $5 Million to Build Out ‘Permaweb’

A startup drawing on ancient history for modern-day inspiration has raised $5 million to decentralize the permanent storage of the world’s information. “The big goal is to build this Library of Alexandria that just never forgets the valuable knowledge in the world,” Arweave founder Sam Williams told CoinDesk in an interview Tuesday. The Berlin-based startup is getting fresh funding from a trio of prominent crypto investors: Andreessen Horowitz, Multicoin Capital and Union Square Ventures. The token-based funding round involved the sale of Arweave’s AR token. Arweave makes decentralized permanent storage…

Crypto Trader: Bitcoin Closes In On Life-Changing Golden Cross

The cryptocurrency market is currently undecided on if Bitcoin is about to embark on its next bull run, or if it’ll fall back further into a bearish trend in the short-term. The neutral market could finally have its decision, if a “life-changing” golden cross occurs in Bitcoin price charts, according to one crypto trader and analyst. Golden Cross Forming on Weekly Bitcoin Charts During the second quarter of 2019, the market was convinced that Bitcoin had begun its next bull run, and would soon reach price projections of $100,000 per…

Stablecoin ‘Structure’ Determines If It’s a Security

International securities regulator International Organization of Securities Commission (IOSCO) suggested that some stablecoin implementations are securities. In a statement released on Nov. 4, IOSCO informed the public that on Oct. 30 its board met to — among other purposes — discuss stablecoins and the potential application of securities market regulations.  IOSCO’s stablecoin market research The regulator notes that it studied numerous stablecoins over the course of 2019 and acknowledges their potential benefits for market participants, investors and consumers. But IOSCO also warns that stablecoins pose potential risks in the areas…

Binance’s DEX Now Supports AML Compliance Via CipherTrace

Binance Chain transactions are now traceable by CipherTrace. The world’s largest cryptocurrency exchange by trading volume announced Tuesday it would utilize CipherTrace’s intelligence tools, bringing anti-money laundering analysis and support to its self-developed blockchain, which is both the foundation for the Binance DEX (decentralized exchange) and home to the exchange’s BNB token. CipherTrace said in a press release that it would support “institutional-grade” AML controls for clients, continuing a long-standing partnership between the two firms. Binance announced in April that it would integrate CipherTrace technology to track on-chain funds and…

Analyst: Stellar (XLM) Decreasing Supply Could Increase Chances of Exchange Delisting

The Stellar Development Foundation’s (SDF) unanimous decision to burn XLM’s supply by half could spell troubles for the project, believes noted bitcoin maximalist WhalePanda. The anonymous trader on Tuesday said the cryptocurrency exchanges could start treating XLM as security, explaining that SDF showed excessive control over the blockchain asset when they cut down its supply from 105 billion to 50 billion. The move increased the chances of getting XLM delisted from exchanges that have been careful about which digital asset they would list on their trading platforms. I wonder how…

Bitcoin Keeps Failing at This Key Price Hurdle

View A four-month falling trendline proved a tough nut to crack during the Asian trading hours and reversed bitcoin’s rise from $9,200 to $9,500. The outlook, however, would turn bearish only below the 200-day average support at $9,127. The pullback from $9,500 to $9,200 lacked volume support and could be short-lived. A high-volume UTC close above $9,470 is needed to confirm an upside break of the multi-month falling trendline and open the doors for $13,880 (2019 high). Acceptance below the 200-day MA would weaken the immediate bullish. The resulting sell-off…

The ‘Bitcoin Rich List’ Has Grown 30% in the Last Year, But Why?

The Bitcoin Rich List, or the number of addresses holding more than 1,000 BTC, has grown in the past 12 months, possibly reflecting an influx of high-net-worth investors.   The metric has registered growth of 30 percent since September 2018, according to Coin Metrics data. Even when adjusted to exclude addresses known to belong to exchanges, the figure shows a similar surge. At press time, 2,148 addresses contain more than 1,000 bitcoins, amounting to just 0.01 percent of all bitcoin addresses, as per BitInfoCharts’ Bitcoin Rich List. As seen in the…