Monthly Archives: August 2018

Ether Price Analysis: Historic Support Breaks, Leads to Signs of Capitulation

In two short weeks, ETHUSD has devalued by 50% of its market value. With little to no relief for the underwater bulls, ether seems to be accelerating downward as buyer confidence is lacking and showing signs of capitulation. The entire crypto market, as a whole, is showing signs of capitulation as many alts have seen similar devaluations in shorter periods of time than ETHUSD. Similar to many other coins, ether is penetrating long-held support with very little ease: Figure 1: ETH-USD, 1-Day Candles, Macro Trend As a […]

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High Times Will Not Accept Bitcoin in Its Initial Public Offering

Мarijuana culture media group High Times will not accept Bitcoin in its IPO, counter to its initial announcement. Marijuana culture media group High Times Holding Corp. has decided not to accept Bitcoin (BTC) in its initial public offering (IPO), according to an August 13 filing with the U.S. Securities and Exchange Commission (SEC). The decision runs counter to the company’s Aug. 3 announcement, where it stated it will accept cryptocurrencies in order to attract investors. In the beginning of August, High Times published a press release saying […]

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Wyre Adds MakerDAO Stablecoin Pairing for Global Money Transfers

Under the new framework, Wyre’s regulated money transfer infrastructure will be used to facilitate the instantaneous movement of “fiat currency directly into and out of Dai,” thereby removing the unpredictability of “speculative cryptocurrencies like Ethereum and Bitcoin” and benefiting from the speed and security of the blockchain, a press release for the announcement states. The arrangement is designed to give customers a quick and secure money transfer protocol that offers full regulatory compliance. “Pairing Dai to Wyre’s trading engine and global fiat on-ramps and off-ramps will enable […]

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Trouble on the Horizon? What Last Weekend’s Ruckus Means for Bitmain’s IPO

Over the weekend, information surfaced that could suggest that mining giant Bitmain may be facing an uphill battle as it looks to launch an IPO on the Hong Kong stock exchange. Newly leaked public information reveals that, in its pre-IPO presentation to investors, Bitmain provided insight into its cryptocurrency holdings, which shows that Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH) in its stead. In a snapshot of a slide from the original presentation, the leftmost column titled “Digital quantity of money” shows […]

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Chinese State-Owned Aerospace Firm Turns to Blockchain to Manage Billions of Invoices

The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain to innovate its system for managing billions of electronic invoices nationwide. The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain technology to innovate its unwieldy electronic invoice system, according to an announcement republished on a government site August 13. The article, from official state newspaper People’s Daily, was posted yesterday by the State Administration of Science, Technology and Industry for National Defence and outlines how blockchain will help innovate the […]

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US Regulator Fines and Halts Activities of Fraudulent Tomahawkcoin Issuer

The creator of Tomahawkcoin has agreed to a permanent officer-and-director ban and a $30,000 fine from the U.S. SEC after the ICO was found to be fraudulent. The U.S. Securities and Exchange Commission (SEC) announced in an order Wednesday, August 14, that it has barred and fined the creator of Tomahawkcoin over a fraudulent Initial Coin Offering (ICO). Tomahawkcoin, which David T. Laurance ran as a token through his corresponding company Tomahawk Exploration LLC, failed to raise funds via an ICO in 2017. Having issued tokens via […]

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Caribbean Central Bank Explores Issuing Its Own Digital Coin

A growing number of governments and central banks around the world are looking to the possibility of issuing their own digital coins these days. The latest financial institution to join this trend is the Caribbean central bank of Curaçao and Sint Maarten. Also Read: Crypto Cafe and Coworking Space ‘Hash House’ Established in Xi’an, China Crypto Guilder Centrale Bank van Curaçao en Sint Maarten (CBCS), the central bank for the Netherlands Antillean guilder, is set to explore the feasibility of issuing a digital guilder to facilitate financial […]

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US: Square’s Cash App Expands Bitcoin Trading to All 50 States

Mobile payment company Square’s Cash App has rolled out Bitcoin trading for all U.S. users. Mobile payment company Square‘s Cash App has recently rolled out Bitcoin (BTC) trading in all 50 states, the firm confirmed in a Tweet August 13. According to the company’s announcement, Cash App users are now able to conduct Bitcoin buy and sell transactions in all the U.S. states. Square first launched Bitcoin trading on its app for a fraction of users back in November 2017. On Jan. 31, 2018, Bitcoin trading on […]

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Jamaica Stock Exchange Plans to Offer Cryptocurrency Trading

The Jamaica Stock Exchange (JSE) has announced it plans to allow investors the ability to trade cryptocurrencies through the regulated stock exchange. According to the JSE, the Canadian-based Blockstation will help facilitate the crypto-trading services. Also read: Malta Tops Exchange-Based Crypto Trade, Russia Leads in OTC Volume Jamaica Stock Exchange Plans to Facilitate Crypto-Asset Trades in 2018 The Jamaica Stock Exchange is interested in offering its clientele the ability to invest in digital assets. The JSE announced on Tuesday that the organization is partnering with the company Blockstation […]

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Distributed Dialogues: Weighing In on Privacy Implications

At the recent Distributed 2018 conference in San Francisco, Rick Lewis and Dave Hollerith from the Let’s Talk Bitcoin Network interviewed a host of different personalities in the blockchain space about digital privacy. First, the team interviewed David Chaum, one of the forefathers of cryptocurrency as we know it today. Starting from these humble beginnings, Chaum describes a brief history of the earliest days of digital money, as he built much of the enthusiasm for cryptography himself. His brief account of his work in the field gives […]

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