Month: October 2018

Circle Joins Industry Body for Developing Global Crypto Standards

Circle Joins Industry Body for Developing Global Crypto Standards

COINTELEGRAPH, CRYPTOCURRENCY
Crypto finance company Circle has joined the Global Digital Finance (GDF) industry body as a founding member to develop a global “Code of Conduct” for crypto, according to a press release shared with Cointelegraph on Wednesday, Oct. 31.Circle has confirmed participation with the GDF on Twitter, stressing the company’s commitment to developing standards for the industry in order to promote the acceleration and adoption of digital assets. Other industry players in the group purportedly include Coinbase, ConsenSys, DLA Piper, Diginex, and others.Today the GDF released the Code of Conduct and Taxonomy for Cryptographic Assets after approval by the GDF community in a series of global mini-summits held in Asia, Europe and the U.S., according to the press release. The Code also underwent a 60-day

New Zealand Invests in Crypto Trading Platform, CEO Says Bitcoin Will Be Worth $600,000

BITCOIN, NEWSBTC
The government of New Zealand has backed a local crypto savings and trading platform with $330,000 to expand its reach.Crypto Savings Firm Vimba Raises $330,000 from New Zealand GovernmentVimba, formerly known as MyCryptoSaver, originally founded as MyBitcoinSaver in 2014, is focused on crypto savings with a service that allows users to put their money into Bitcoin in small weekly amounts. Through the government’s innovation arm, Callaghan Innovation, it is backing the Auckland-based startup.Sam Blackmore, CEO of Vimba, said the government’s investment will be used to build crypto wallets and to expand the digital currency offering on the platform, Scoop reported.“This is a truly significant investment from Callaghan Innovation and a real show of faith in the future of this very exciting a
“Bitcoin Is an Intellectual Experiment and Could Fail,” Says Xapo Founder Wences Casares

“Bitcoin Is an Intellectual Experiment and Could Fail,” Says Xapo Founder Wences Casares

BITCOIN, BLOCKCHAIN, BTC MANAGER, CRYPTOCURRENCY
Wences Casares, the founder of bitcoin custody vault Xapo, believes that the cryptocurrency may take time to be successful, that is if it does. On October 29, 2018, reiterating his previous comments in an interview, Casares stated that the worlds biggest cryptocurrency is an “interesting experiment.” Bitcoin is 1992 of the Internet Casares stated that “Bitcoin was an intellectual experiment” adding that “It may work, it might not work.” Casares is popularly known as ‘Patient Zero’ as he has persuaded big names in Silicon Valley like Linkedin co-founder Reid Hoffman to consider cryptocurrency. However, Casares believes that bitcoin has a higher probability of attaining success than failure. In an interview with Bloomberg, he said: “If it works, it could be quite relevant, even if it doesn’
Unconfirmed Report: Miner Manufacturer IPO Halts Due to Alleged Illicit Finance Practices

Unconfirmed Report: Miner Manufacturer IPO Halts Due to Alleged Illicit Finance Practices

COINTELEGRAPH, CRYPTOCURRENCY
Investigators have reportedly halted the public listing process of cryptocurrency mining machine manufacturer Ebang International on the Hong Kong Stock Exchange (HKEx), local financial news outlet Sina Finance reported Oct. 14. According to reports, the move was prompted by the firm’s alleged involvement in illicit financial practices.Ebang International operates in the field of Application-Specific Integrated Circuit (ASIC) chip design and production, telecommunications services, and the development, manufacture and sale of blockchain processors, or miners. In 2017, the company’s market share reportedly was 11 percent in terms of sales revenue, totalling 9.79 billion yuan ($1.4 billion). The annual profit of the company was 385 million yuan ($55.2 million) in 2017.In June, Ebang filed a
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 31

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 31

BITCOIN, BITCOIN CASH, COINTELEGRAPH, CRYPTOCURRENCY, EOS, ETHEREUM, MONERO, RIPPLE
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Bitcoin’s White Paper was published ten years ago, today. From an obscure beginning in 2008, Bitcoin has become a worldwide phenomenon. Thousands of cryptocurrencies have been born since then, but Bitcoin has managed to maintain its relevance. Currently, its dominance over the market is hovering around the 54 percent mark.In the past ten years, Bitcoin has witnessed wild swings. From being valued 2,300.03 Bitcoin for $1 in October 2009, its price rose to a high of $19,531.9 per single coin in late 2017.
Microsoft and Nasdaq Partner to Create Financial Blockchain Interface

Microsoft and Nasdaq Partner to Create Financial Blockchain Interface

BITCOIN
Microsoft recently announced a high-level partnership with Nasdaq to create an interoperability matrix for distributed ledgers. The partnerships will see Nasdaq Financial Framework (NFF) adopting the Microsoft Azure blockchain that allows different technologies to work together via one central ecosystem.NFF Partners with Microsoft Azure BlockchainAccording to a press release published by Microsoft on Tuesday (October 30, 2018), the company announced its partnership with Nasdaq. Microsoft is bringing its Azure platform unto the NFF.A portion of the press release reads:To accelerate Nasdaq’s blockchain capabilities aligned with the industry’s rising demand, the company is integrating the Nasdaq Financial Framework with Microsoft Azure Blockchain to build a ledger agnostic blockchain capabili
Survey: A Quarter of Millennials Hold Crypto, Wary of Current Financial System

Survey: A Quarter of Millennials Hold Crypto, Wary of Current Financial System

BITCOIN, CRYPTOCURRENCY, NEWSBTC
A big chunk of wealthy American millennials have either warmed up to cryptocurrencies or are considering embracing them, reveals a recent report.Millennials with Money, a report by Edelman has found that 25% of American millennials, aged between 24 and 38, and earning $100,000 in individual or joint income, or owning $50,000 in investable assets, are either holding or using cryptocurrencies. Also, another 31% are interested in using cryptocurrencies.Financial System Designed to Favour the Rich and Powerful, Say MillennialsThe millennials today are not too happy with the existing financial system, highlights the report.Of, the 1,000 surveyed, 77% of affluent millennials and 65% of non-affluent millennials are of the opinion that the whole financial system is designed to be favourably biased...
Vitalik Buterin sings song, promises 1000x Ethereum scaling at Devcon 4

Vitalik Buterin sings song, promises 1000x Ethereum scaling at Devcon 4

CRYPTOCURRENCY
Prague hosts the largest conference of developers of Ethereum solutions. Ethereum co-founder Vitalik Buterin held a presentation on the first day. He took part also in singing song about the decent goals of Ethereum devs. Ethereum 2.0 The largest conference of Ethereum-developers Devcon 4 is taking place in Prague from October 30 to November 2. Traditionally, the co-founder of the ecosystem Vitalik Buterin also participates in it. He discussed the road map of Ethereum scaling on October 31. Buterin announced the long-awaited transition to the Ethereum 2.0 stage. The following steps will precede this transition: activation of Casper and switching to the PoS algorithm, sharding, virtual machine update (EWASM), change in cross-contract logic and protocol economics. Al...
Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking

Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking

Coin Desk
In what's become a rarity over the past month, the price of the tether (USDT) stablecoin temporarily regained parity with the U.S. dollar Wednesday. The token traded in the $1.00-$1.01 range for the better part of an hour, according to CoinMarketCap. At the time of writing, it is trading around $0.987. The exchange rate has been steadily climbing towards its $1.00 target since the stablecoin – by far the most popular among a slew of rivals – dramatically lost parity with the dollar in mid-October, falling as low as $0.85 on the Kraken exchange, one of relatively few where traders can sell USDT directly for dollars. The exact reasons for the recovery are not clear, but the total supply of tethers in circulation has fallen rapidly in recent weeks. (Tether also briefly hit $1.01 on Monday.)