Monthly Archives: June 2018

New Partnership Announced Between Korea University and Huobi Subsidiary

A new partnership has been announced between Korea University and a subsidiary of major cryptocurrency exchange Huobi Korea University is teaming up with the South Korean subsidiary of crypto exchange Huobi for “industry-academia” cooperation in the field of blockchain development, Seoul Daily reports, June 12. The agreement between one of South Korea’s most prestigious universities and Huobi Korea seeks to bridge academic research of the innovative technology with products useful for the industry. According to Seoul Daily, the head of Korea University’s Cryptography Center at the Graduate […]

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A New Cryptocurrency Radio Broadcast Launches on Boston’s FM 104.9

Over the past six months, cryptocurrencies have been steadily entering the mainstream world more and more by being featured on billboards, newspapers, radio broadcasts and television shows. Now, this July residents from the New England region will be able to hear a weekly radio broadcast called Cryptomania which aims to educate the masses about the benefits of cryptocurrencies and broadcasts every Saturday on Boston’s FM radio signal 104.9. Also Read: Canadian Exchanges to Report Transactions Over $10k per Proposed Regulations New England Blockchain Group Launches Cryptomania Radio Broadcast […]

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New Platform Answers the Question: Who’s Really Behind That ICO?

With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP). The new project entitled ICO Hub is an algorithmic ICO rating service that adds identity verification as a central rating factor: Hub representatives will now be able to identify ICO project team members and organizers to ensure a platform’s authenticity before investors step in. Launched by LinkedIn’s original CTO […]

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Bitcoin Price Analysis: Breakdown of Consolidation Tests Bullish Resolve

In the previous BTC-USD market analysis, we discussed a macro pattern forming, called a “symmetrical triangle.” A symmetrical triangle (shown in red) is a directionally agnostic consolidation pattern. Until this weekend, the market hadn’t decided whether it was going to break up or break down out of the pattern. Over the weekend, the bitcoin market saw a very strong push on very high volume through the bottom support of the triangle: Figure 1: BTC-USD, 12-Hour Candles, Symmetrical Triangle Breakdown The implications of this consolidation pattern breaking down […]

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Founder of Tron Altcoin Justin Sun Takes Over Bittorrent Inc

Justin Sun, the founder of “decentralized web” altcoin Tron, has reportedly taken over Bittorrent Inc, the San Francisco-headquartered company founded in 2004 to manage the ongoing development of the Bittorrent peer-to-peer file sharing protocol. Also Read: Bitcoin in Brief Tuesday: POT Saves World, Coinbase Pumps ETC, Binance Wants EUR TRX Founder Buys Bittorrent Justin Sun, a former Chief Representative of the Greater China Region for Ripple, closed an acquisition deal for Bittorrent last week and employees have been notified but asked not to talk about it with the media, […]

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South Korean Banking Group to Launch Blockchain-Powered ID Verification Platform

South Korea’s commercial banking group to launch blockchain-based user ID verification platform in July. A group of South Korean commercial banks will launch a blockchain-powered customer ID verification platform in July 2018, local news outlet Korea JoongAng Daily reports today, June 12. According the report, the Korea Federation of Banks (KFB) will launch their “BankSign” identity verification system to be used in both online computer-based and mobile banking.  According to Korea JoongAng Daily, the move is intended to replace the 20-year old public verification system that is […]

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Blockchain Startup VeChain and Deutsche Bahn Develop DApp for China’s Logistics Industry

Blockchain-as-a-Service provider VeChain and logistics giant DB Schenker have created a new DApp for supplier evaluation in the Chinese logistics industry. Singapore-based blockchain startup VeChain (VEN) and global logistics provider DB Schenker have co-developed a blockchain-based supplier evaluation system, according to a VeChain Foundation post published today, June 12. A new decentralized application (DApp) will use the VeChainThor blockchain to score DB Schenker’s third-party logistics partners in China based on collected data –  the result being an evaluation for services such as packaging, transportation, and the quality […]

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Colombian Banks Shut Down Buda Crypto Exchange Accounts

Colombian banks have closed all the accounts of South American cryptocurrency exchange Buda.com without warning or explanation. The company experienced a similar issue in Chile some months back, where several banks decided to close its account along with those of several other exchanges. According to local news, the move by the Colombian banks was unexpected, and the banks didn’t disclose why it was closing the accounts. Buda.com sent an email to its customers where it explained the problems it was facing which were affecting withdrawals. The exchange […]

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Cryptocurrency Does Not Threaten Financial Stability, Says German Government

The German Federal Government says cryptocurrency does not pose a threat to financial stability, but still needs to be regulated. Representatives of the German Federal Government have stated that cryptocurrencies do not pose a threat to financial stability, Cointelegraph auf Deutsch reports today, June 12. Nevertheless, the government sees the need for regulatory measures to control digital currencies. According to the Federal Government, volume of crypto asset transactions is too low compared to the size of the global financial system to pose a serious threat to the […]

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What Do We Know About Valerie Szczepanik, the First Crypto Czar

Here’s the woman who now embodies crypto regulation in the US. Is creation of a SEC office designated to deal with digital assets a good or bad news for the industry? This is the question that crypto community has been mulling over last week, following the SEC’s announcement of Valerie A. Szczepanik’s appointment to the brand new position of Associate Director of the Division of Corporation Finance and Senior Advisor for Digital Assets and Innovation for Division Director Bill Hinman. The media have promptly reduced the exuberant […]

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