Monthly Archives: September 2018

Investment Firm Denies Involvement In Bitmain IPO Following Erroneous Media Reports

Holding company Temasek has denied its participation in Bitmain’s pre-IPO after several media reports claimed it invested in the crypto mining giant. Singapore-based investment company Temasek has officially denied involvement in the cryptocurrency mining giant Bitmain’s Initial Public Offering (IPO), according to an official statement August 30. Last month, media reported that Temasek was one of the key investors in the Bitmain pre-IPO funding round. The investment firm’s commitments for the pre-IPO allegedly totalled $560 million. In response to the reports, Temasek stated: “We’ve seen commentary about […]

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Two Exchanges Publish Contingency Plans for November BCH Fork

This weekend two exchanges have released details on how they will handle the November 15 Bitcoin Cash (BCH) hard fork if there happens to be a blockchain split. The exchange Coinex and the trading platform Bitasiaex have informed their customers how they intend to deal with the upcoming consensus changes. Also Read: New Satoshi Challenger Tells All — But Is He Legit? Exchanges Begin to Announce Fork Plans Two exchanges have announced their plans concerning the Bitcoin Cash (BCH) fork planned for November 15. Over the past few […]

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Bitcoin Price Analysis: Strong Rally Tests Trend-Changing Behavior

In a potentially trend-changing move, bitcoin has now managed establish its first *higher* low since the beginning of this years crypto bear market. In mid-June, after seeing a short-lived bounce from this year’s low in the upper $5,000s, the bitcoin market took a very harsh, unrelenting move that dropped the price from the mid $8000s to the $5900s. After such a strong move, the market managed to stabilize just above its previous low: Figure 1: BTC-USD, Daily Candles, New Higher Low Currently, the market is enjoying a […]

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British Artist Sells Entire Collection for Crypto via Wechat

The London and Los Angeles-based artist once dubbed “the next Andy Warhol” by actor Michael Caine, Lincoln Townley, has sold an entire collection of works in exchange for cryptocurrency via popular social media platform Wechat. Also Read: The Daily: Bittrex Invests in New Platform, ATM Market to Grow Over 50% a Year Contemporary Artist Sells Entire Collection for Cryptocurrency Using Social Media Contemporary British artist, Lincoln Townley, has made headlines after selling an entire collection of work for cryptocurrency using Wechat. The artist, who regularly uses social media […]

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Startup to Solve Traceability Issues in Seafood Industry Via Blockchain

sponsored A blockchain-based project intends to have an impact on the global seafood industry, offering rewards for fish producers and supply chains. The blockchain-based startup Fishcoin plans to apply decentralized ledger technology (DLT) to seafood supply chains, linking fishermen and fish farmers at the point of harvest to global seafood supply chain actors, ranging from distributors, processors, wholesalers and retailers. The company aims to apply blockchain technology to bring traceability to the seafood industry and create an ecosystem which could allow seafood producers and supply chain intermediaries […]

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South Korean Gov’t Partnership Begins Training 40+ Blockchain Professionals

A three-way partnership will see a South Korean government ministry train a cohort of 42 blockchain specialists. South Korea has begun a six-month training course to turn forty-two applicants into “blockchain specialists,” local media report Monday, September 3. Aiming to increase the availability of skilled professionals in South Korea’s burgeoning blockchain economy, the course is the result of a three-way partnership between the Ministry of Technology and ICT, the Korean Standards Association (KSA) and the Hong Kong-based blockchain and IoT startup Waltonchain. The course will focus on […]

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Against the ‘Putrid’ Euro, Naples’ Mayor Plans to Launch Autonomous Cryptocurrency

Naples’ mayor has posted an impassioned pledge to launch an autonomous currency that would unshackle the city from “anti-southern” discrimination and “unfair” debt. Naples’ mayor, Luigi de Magistris, has posted an impassioned pledge to launch an autonomous municipal cryptocurrency that, he says, would unshackle the city from “anti-southern discrimination” and “unfair” debt, on his Facebook public profile September 2. De Magistris argued for the new currency as part of a threefold plan of action that would reclaim political and fiscal autonomy for Naples — the capital of […]

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Thai Money Laundering Watchdog Looks to Tackle Crypto-Related Crimes

Thailand’s local AML regulator wants to change the law in order to be able to confiscate digital assets along with physical ones. Thailand’s Anti-Money Laundering Office (AMLO) is considering creating its own digital wallet to investigate crypto-related cybercrime, local news outlet The Nation wrote Monday, September 3. The matter was discussed at a local seminar cryptocurrency crime within the current legal system. According to Witthaya Neetitham, secretary for AMLO, the regulator wants to adapt to the new technology by making it possibly for the government to confiscate […]

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Exchanges Round-Up: DMM Bitcoin Launches Biometric Authentication, Ironfx Seeks Gibraltar Licensing

In recent news pertaining to cryptocurrency exchanges, DDM Bitcoin has launched biometric authentication for Android users of its app, Fxcoin has hired former Deutsche Bank AG employee, Yasuo Matsuda, as a senior strategist, and Ironfx has estimated the company’s upcoming virtual currency exchange will launch during the fourth quarter of 2018. Also Read: Satis Predicts Market Cap of Cryptocurrencies Exceeds $1 Trillion in 2021 DDM Bitcoin Adds Biometric Authentication for Android Users DMM Bitcoin, the cryptocurrency exchange operated by Japanese e-commerce and entertainment conglomerate, DMM Group, has launched […]

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India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs

The Securities and Exchange Board of India releases an annual report days before the Supreme Court hearing on the country’s cryptocurrency ban for banks. The Securities and Exchange Board of India (SEBI) organized tours to other countries for its officials to study cryptocurrencies and initial coin offerings (ICO), according to its 2017-18 annual report. The Indian regulator reports that authorities have already undertaken “study tours” in particular to study cryptocurrency and ICOs at Japan’s Financial Services Agency (FSA), the U.K. Financial Conduct Authority (FCA) and the Swiss […]

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