Monthly Archives: August 2018

Can Crypto Exchanges Be Trusted With Hard Forks?

Chinese BTC investor has sued OKCoin for claiming his Bitcoin Cash. On July 31, a Chinese Bitcoin investor sued local crypto exchange OKCoin for allegedly blocking him from getting his Bitcoin Cash (BCH) after the Bitcoin fork.   While the case is new for China, compilations regarding hard forks and exchanges have been amassing since perhaps as early as the DAO incident in 2016. So what happens when you have a coin that is about to be split into two, but you’re holding it on an exchange’s hot […]

More info

Binance Releases Demo of Decentralized Exchange

Leading cryptocurrency exchange Binance has released a demo of its decentralized exchange, saying not “to expect too much” at the moment. The CEO of cryptocurrency trading platform Binance Changpeng Zhao announced a demo of the platform’s decentralized exchange in a tweet today, Aug. 9. In a six-minute video attached to the tweet, Zhao presented a “casual, early, pre-offer”  demo of the decentralized exchange. The CEO said not “to expect too much” for now, adding that it currently does not have a graphical user interface: A first (rough, […]

More info

China’s IT Ministry Considering Strategy for Advancing Blockchain Development

China’s IT Ministry is considering ways to accelerate blockchain adoption, suggesting a number of measures to promote the technology. The Chinese Ministry of Industry and Information Technology (MIIT) is reportedly considering ways to accelerate blockchain adoption, local news agency Xinhua reports Aug. 9. According to the report, the MIIT has proposed a number of measures to speed up the promotion of blockchain applications in the country in a move to provide a “healthy and orderly development of the industry.” The ministry stated that the blockchain tech ecosystem […]

More info

Bank of China CIO Says Bank to Increase Investments in Blockchain, Fintech

The Bank of China is to increase investments in technological development, with blockchain among top priority areas, local news reports. The commercial, state-run Bank of China, not to be confused with the People’s Bank of China, announced its plans to invest further in fintech innovation, according to local news outlet The Paper August 9. Citing comments at a press conference on the banking industry, The Paper reports that the Bank of China’s Chief Information Officer (CIO), Liu Qiuwan, has revealed plans to increase the company’s investments in […]

More info

New Bill Proposes 5% Tax on Crypto Incomes in Ukraine

A draft law prepared by deputies and representatives of the industry aims to introduce light taxation of crypto incomes in Ukraine. Businesses and individuals will be required to pay 5% on their profits from trading and mining cryptocurrencies when exchanged to fiat. Add to that the mandatory ‘military charge’ of 1.5% all Ukrainians owe the state since the start of the conflict in the East. Also read: Poor Russians More Aware of Crypto Than the Rich, Poll Finds Ukrainians to Pay 5% Tax and 1.5% Military Charge […]

More info

Pantera Capital CEO: Investors ‘Overreacting’ to ETF Delay, Should Focus on Bullish News

Crypto hedge fund Pantera Capital’s CEO claims that investors should not overreact to the recent SEC decision to delay a Bitcoin ETF application. Pantera Capital CEO Dan Morehead claimed that crypto markets are reflecting some overreaction from investors recently, in comments to CNBC August 8. Speaking in an interview on CNBC’s “Fast Money,” Morehead suggested that investors have exaggerated the importance of the U.S. Securities and Exchange Commission (SEC). recent delay on their decision regarding a Bitcoin (BTC) Exchange-Traded Fund (ETF). As per Morehead, crypto investors should […]

More info

After a Catastrophic Week, Crypto Markets Rally Forth Into the Green

Crypto markets see a healthy rebound into the green after total market cap yesterday shrunk to its lowest level since Nov. 17. August 9: The summer crypto rollercoaster continues, as the market sees a healthy rebound into the green after sustaining major losses yesterday. On August 8  total market capitalization had shrunk to $219 billion –– its lowest level since mid-November 2017. In today’s upward bounce, virtually all of the major cryptocurrencies have posted gains, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is […]

More info

This Cryptocurrency Data Site Lists Coins by Fair Market Value

When people look at the fiat value of cryptocurrencies they usually observe prices from data sites like Coinmarketcap.com that pull aggregated digital asset spot prices from exchanges all across the world. Now there’s another market capitalization website that people may be interested in, called Coinfairvalue.com, a platform that’s a touch different than the normal data sites because it measures fair values without any implied speculation. Also read: Electron Cash Wallet Now Available for Basic Feature Phones This Website Highlights Cryptocurrencies and Fair Value   Coinmarketcap.com (CMC) and the […]

More info

South Korea’s Science Ministry Announces Six-Month Blockchain Youth Training Initiative

The Korean government is taking aim at youth unemployment in emerging industries, launching a dedicated blockchain-focused education program. The South Korean government is set to launch a program dedicated to fostering young talent in emerging areas including blockchain on August 10, a press release confirmed today, August 9. The 2018 Innovative Growing Youth Talent Concentration Project is the second installment of the initiative following a successful inaugural round, which ran June 11 through July 10. It is hosted by the Korean Ministry of Science and ICT and […]

More info

Bitcoiners Losing Faith in Twitter Inspire an Exodus to Mastodon

It’s no secret that a growing number of Bitcoiners are unhappy with Twitter. A mix of perceived censorship through shadow banning and lack of serious action being taken by the platform to remove the notorious ether giveaway bots have aggravated calls for a decentralized alternative to the existing social media goliath. Although members of the community had been vocal about this for awhile, it seems that recent moves like the unexplained temporary suspension of BHB Network’s Giacomo Zucco yesterday or the simultaneous purging of Infowars’ Alex Jones’ […]

More info
1 2 3 4