Tag: Crypto

Philippines Regulator Aims to Make $67 Million From Crypto Exchange Licensing

The authority that governs the Philippines Cagayan Special Economic Zone and Freeport is aiming to earn $67 million just by issuing cryptocurrency exchange licenses. According to a report from the country’s government news agency on Tuesday, the Cagayan Economic Zone Authority (CEZA) has announced it has just granted a principle operation license to a Hong Kong-based crypto exchange. The CEZA said the new issuance is part of the total 25 principle licenses it will hand out to crypto trading platforms. And each of those authorized companies will be allowed to further…

Crypto Daily News | Vitalik Buterin on Centralized Exchanges; HBUS Open

In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused on the blockchain. Most of the session was about Buterin’s hate for centralized cryptocurrency exchanges. “I definitely hope centralized exchanges go burn in hell as much as possible,” Buterin told Evans heatedly. His ideal situation would…

Crypto Second Half of 2018

Crypto Second Half of 2018: Investors were not pleased with the first half of 2018. While some focused on the S&P 500 (it’s up 1% YTD, instead of the usual 3.5%), others focused on cryptocurrencies. In particular, investors watched Bitcoin, which notched up a 16- fold increase in 2017, only to drop by 55% between the start of 2018 and June 27th.  Now, as of July 1, we are in the second half of 2018. Which means if things are going to change, now is the time to get going. But…

Crypto Market Cap Adds $13 Billion in 6 Hours with Bitcoin on the Rise

The cryptocurrency market cap has risen from $263 billion to $276 billion in as little as six hours with Bitcoin seeing a 1.97 percent increase over the last 24 hours with a price rise of over $350 this morning according to Coinmarketcap.com. The market cap hasn’t seen this price level since June 22, 2018, signifying an overall consolidation.   Meanwhile, Ethereum is up 1.84 percent, XRP is up 1.22 percent, Bitcoin Cash has seen a 3.09 percent increase and EOS is up 3.89 percent with the only coin seeing losses in…

Crypto Market Remains Above $250 Billion as 0x, Status, and Tokens Surge

The valuation of the crypto market has remained above the $250 billion mark, closing July 1 at $255 billion. Tokens have performed particularly well, recording gains in the 10 percent region. 0x, Status, Funfair, and Aion The top performers of July 2 were ERC20-based tokens 0x (ZRX), Status (SNT), Funfair (FUN), and Aion (AION). ZRX demonstrated the largest gain amongst major digital assets and tokens, seeing a 14 percent increase in its value against the US dollar and bitcoin. Throughout last week, amidst a drop from $6,500 to $5,800, the…

Many Coins hit Zero | Less than 4% of Crypto Coins are Successful

Today has not been the best day for cryptocurrencies everywhere. With Bitcoin declining below the critical $6K level, it marks the furthest drop in the coin since November. Declining as much as 4.2 percent on Friday, it is currently trading around the $5,900 mark; this is whopping 59 percent decline from its highs at the beginning of this year. Coins Hit Zero As with many things, where leaders go the rest will follow and the cryptocurrency market seems to be reflective of that adage. For example, today also saw Ethereum and Bitcoin Cash fall…

The EOS Arbitrator Problem: A Crypto Governance Breakdown Explained

“They have to figure their own shit out.” Those were the harsh words of one of EOS’ top “block producers” – the network participants in charge of maintaining the blockchain – on Monday as the world’s fifth largest cryptocurrency attracted public ridicule for its current state of confusion. As told to CoinDesk by Kevin Rose, co-founder and head of strategy at EOS New York, the statement could reflect the broader snags the software has faced since release, but this comment was focused specifically on the EOS Core Arbitration Forum (ECAF). So far,…

Crypto Market Remains Relatively Stable, Tokens Record Big Gains as Theta Surges 30%

The crypto market has slightly rebounded by $4 billion over the past 24 hours, providing investors with a breathing room in a major mid-term sell-off and downtrend. In a sideways market, a period in which major cryptocurrencies like bitcoin, Ethereum, Ripple, and Bitcoin Cash barely move but still secure some stability, tokens and small-scale cryptocurrencies tend to perform exceptionally well against both the US dollar and major digital assets. Interesting Trend of Tokens and Their Strong Performances The crypto market is still largely dependent on two major digital assets: bitcoin…

Bitcoin Plunges Over 40% After Twitter Announces Ban On Crypto Ads | CNBC

Bitcoin is hovering below the $8,000 mark as Twitter joins Google and Facebook in banning cryptocurrency ads. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC Bitcoin…

The Crypto Craze Has Spread To College Campuses | CNBC

Cornell, Carnegie Mellon, Duke, MIT and Stanford are just a few of the elite universities offering courses in cryptocurrencies and blockchain. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow CNBC News…