Monthly Archives: May 2018

Bitcoin in Brief Saturday: “Social” Coins, Crypto Vending, Blockchain Mileage

Reports suggest that Facebook may develop its own crypto. The plan is worth a mention, especially on the backdrop of the crypto ban imposed by the social media network. In Saturday’s Bitcoin in Brief, we also cover Telegram’s advance towards implementing its payment system using the Gram token. Some blockchain stories with beers and beamers complete today’s round-up. Also read: Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs Facebook Mulls Own Token, Reports Say Facebook is reportedly considering creating its own cryptocurrency. Sources […]

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5,000 Developers in India Ready to Work on Crypto Projects

According to a recent study, 5,000 Indian software developers currently have the skill sets to work on cryptocurrency and blockchain projects. 10,000 more developers can be easily trained but an additional 30,000 would require extensive training. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 5,000 Developers Qualified A recent study by HR company Belong shows that, out of an estimated two million software developers in India, about 0.25% of them have the skills to work on cryptocurrency and blockchain projects, the Times of India reported this […]

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Gox Trustee to Flood Market with Thousands of Bitcoin, BTC Price Drops Below $9K

Notoriously hacked cryptocurrency exchange Mt. Gox isn’t done with bitcoiners just yet. Just as it appeared the world’s most popular cryptocurrency was ready to strike above the stubborn high nine thousands in price, Nobuaki Kobayashi, Tokyo-based, court appointed trustee of the remaining bitcoin to be distributed among creditors, seems ready to flood another 8,000 coins onto a fragile market struggling to recover. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms Gox Trustee to Flood Market with Over 8,000 Bitcoin The Tweets were unusually […]

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How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 3

The following opinion piece was written by Jonald Fyookball. In parts 1 and 2 of How Bitcoin Cash …, we uncovered the important principles of community education and clarity. Now it is time to turn our attention to one of the most obvious things that went wrong in BTC — the centralization of protocol development. Also read:  How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 2 How Bitcoin Cash Can Avoid Centralization Decentralization comes in many forms: decentralization of nodes, mining pools, wealth, and so on. One […]

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SEC Commissioner Cautiously “Open” to Regulatory Sandbox for ICOs

United States Securities and Exchange Commission (SEC) Commissioner, Hester Peirce, delivered a speech before the Medici Conference earlier this month discussing many issues pertinent to ICOs. Mrs. Peirce indicated that the SEC is open to discussion of developing a regulatory sandbox for ICOs, however, expressed a number of concerns surrounding the legislative model. The commissioner also warned of the potentially stifling effect of applying “blanket” classifications to the emerging field of cryptocurrencies. Also Read: Robinhood App Valued at $5.6 Billion – Now Available in 10 US States SEC […]

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Irish University Study Calls For Government Action To Promote Blockchain In The Country

Following publication of a study on blockchain adoption in Ireland, academics call on the government for adoption initiative. The authors of a study at the National University of Ireland (NUI) Galway on the adoption of blockchain in Ireland, called on the government to promote the technology more broadly in the country, The Irish Times reported May 11. The study proposes recommendations to increase blockchain awareness and adoption, that can reportedly have a positive impact on economic growth and establish a basis for how the government and Irish […]

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Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1

Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted.   Also read: New Player Asrock Said to Enter the GPU Mining Market Crypto Miners Bought a Lot of GPUs, Nvidia CEO Reporting its financial results from a strong first quarter, Nvidia Corp. has revealed, in a […]

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India: Supreme Court Denies Interim Injunction Against Reserve Bank Of India Restrictions

The Supreme Court of India denied an interim injunction against Royal Bank of India’s order to suspend banking services for crypto businesses. The Supreme Court of India declined to grant an interim injunction against the Reserve Bank of India (RBI) circular banning banking services for companies dealing in cryptocurrency, according to a Twitter post by Crypto Kanoon May 11. Crypto Kanoon is a team of Indian lawyers engaged in crypto regulatory analysis and legal awareness. Supreme Court declined to grant interim injunction against RBI banking restriction. Fixed […]

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Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, IOTA, EOS: Price Analysis, May 11

Technical analysis on top 9 cryptocurrencies. 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. Unlike 2017, the rallies in most major cryptocurrencies this year has been subdued. We believe that they are forming a bottom, which can take anywhere from a few weeks to a few months. During […]

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The Cash Consortium Launches Open Standard Initiative for Bitcoin Cash

This week a Bitcoin Cash organization was founded called the Cash Consortium (C2) that aims to be a technical group framed off of the World Wide Web Consortium’s (W3C) open standards. C2 is an international community that intends to bolster open standard development in order to provide long-term Bitcoin Cash growth. Also read: Upgrade Time: Bitcoin Cash 32MB Fork Activates Tuesday The Cash Consortium: Open Standards for Bitcoin Cash Much of the cryptocurrency community understands what open source or open standard development is, and most of them embrace […]

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