Monthly Archives: June 2018

Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO

Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value. Bitmain’s 32-year-old founder Jihan Wu says he’s chiefly examining the possibilities of a listing in Hong Kong or “an overseas market with U.S. dollar-denominated shares.” This, he says, would give early investors the chance to cash out. “Bitmain is trying very hard to maintain its […]

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Japanese Syndicate Wallet Hacked, $10 Million Reported Missing

Shopin — a universal shopper profile that delivers personal shopping experiences through retailers’ apps, websites and stores — says one of its token distributors has been hacked and roughly $10 million in a variety of cryptocurrencies has been stolen. Representatives of the platform have released the following statement: “On Wednesday, May 30, 2018, Shopin distributed tokens to one of its leading partners in Japan, who runs a large Japanese syndicate. A few day later, her wallet was hacked, as she was not storing it in cold storage […]

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Bank of Italy Deputy Governor: Gov’t Cryptocurrencies Can Save EU up to €76 Bln

The deputy governor of the Bank of Italy gave a wide-ranging keynote address focused on central bank digital currencies at a conference yesterday in Milan. Fabio Panetta, deputy governor of the Bank of Italy, gave a keynote address focused on central bank digital currencies (CBDCs) at the SUERF/BAFFI CAREFIN Centre Conference in Milan Thursday, June 7. Unlike cryptocurrencies – “a liability belonging to nobody” – the deputy governor stressed from the outset that a CBDC would be a liability of the central bank, backed by its assets. […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 08

Latest technical analysis on top 9 cryptocurrencies from an expert trader. 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. At the beginning of the year, the analysts were very bullish on Bitcoin and had projected high targets for 2018. Many did not revise their target lower even after […]

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Putin: Cryptocurrency Has Its Place, No State Can Have Own Crypto

Cryptocurrency has its place in the world and Russia should carefully consider when and how to take part in the process of its development, Vladimir Putin said in his annual Q&A session with Russian citizens. The president noted that “by definition” neither Russia, nor any other country could have a national cryptocurrency. Putin also mentioned the saga around Telegram, in the light of seeking “civilized” decisions. Cows and Cryptocurrencies From potholes to spaceports, the Direct Line with Vladimir Putin usually covers it all. It is hard to imagine […]

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Apple’s App Store Revises Cryptocurrency App Rules

Just recently the tech giant Apple has revised its App Store policies concerning cryptocurrency applications offered within the platform marketplace. The new rules are a bit stricter and apply to cryptocurrency wallets, exchanges, and platforms that facilitate Initial Coin Offerings (ICOs). Also Read: Three Luxury Apartments Sold for 420 BTC in the Coastal Region of Montenegro Apple’s App Store Revises Cryptocurrency Rules The Apple App Store is a popular application marketplace that provides over 783,000 gaming apps, and 2.3 million non-gaming apps. Just recently the App Store changed […]

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Third Largest Crypto Exchange Huobi Creates New Platform in US

Huobi, the world’s third largest crypto exchange, has launched a new marketplace in the US via a “strategic partnership” with a new US-based company, ‘HBUS.’ Huobi, the world’s third largest crypto exchange by trade volume, has created a new digital currency trading marketplace in the US, Financial Magnates reports Friday, June 8th. The platform comes via a newly created San Francisco-based company called HBUS, which, as stressed in a Medium post earlier this week: “…is not an “arm,” “subsidiary,” “division,” or any type of “affiliate” of Huobi. […]

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Crypto Markets Remain Sluggish, While Staving Dramatic Losses

All of the top ten coins by market cap are showing minor losses today, within a range of 1 to 4 percent over the 24 hour period to press time. All of the top ten coins by market cap are showing minor losses today, June 8, within a range of 1 to 4 percent over the 24 hour period to press time, as Coinmarketcap data shows. Market visualization from Coin360 Bitcoin (BTC) is just about holding its ground above the $7,600 threshold, trading at $7,633 at press […]

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South Korean Crypto Exchange Bithumb Cleared by Government

South Korea’s largest crypto exchange has been cleared by authorities after no evidence of illicit activities was found. After a three-month long investigation, the South Korean government finds no evidence of wrongdoing at the Bithumb crypto exchange, local media report June 8. Bithumb is currently the largest cryptocurrency in Korea and the seventh largest in the world by trade volume, according to data from Coinmarketcap. According to reports, the investigation into the exchange began on January 10 and was conducted by multiple government agencies, including the National […]

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Bitcoin Cash Roundup: New Apps, Announcements and Developments

This week, the decentralized cryptocurrency Bitcoin Cash has seen some market gains and there’s also been a slew of new announcements and development over the past couple of weeks. Currently, the price per BCH is around $1,120 after dropping below the $1K range the week prior. Moreover, since the fork this past May the BCH-ecosystem has seen all types of application development and community projects launched with a new announcement nearly every day. Also Read: IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money Today’s […]

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