Monthly Archives: October 2018

With New Exchange Listings and Demand, New Stablecoins See Pegs Broken

Fresh on the market, the industry’s newest batch of stablecoins is having trouble striking a price balance. Amidst news of listings on Huobi and OKEx, two of the industry’s largest exchanges, TrueUSD (TUSD), Gemini USD (GUSD), the Paxos Standard (PAX) and Circle’s USD Coin (USDC) have all risen well above their pegs. Following the fiat-collateralized model pioneered by Tether (USDT), these stablecoins are meant to retain a stable $1 value, keeping their peg by backing each on-chain token with a dollar in their bank accounts. On October […]

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Bitcoin Price Analysis: Bitcoin Consolidation Forecasts $3,500 Move

A strong round of buys hit the market this weekend as unsubstantiated rumors began to circle surrounding Tether and Bitfinex’s potential insolvency. I won’t be going into the details surrounding the allegations because, like I said, they are nothing more than unsubstantiated rumors. However, the effects of the rumors did not go unnoticed. Tether, a stablecoin and dollar-backed token, began to stack up a sizable premium from its normal 1:1, dollar-to-tether market rate. This deviation in price began to run massive premiums between Bitfinex and other large […]

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Toyota Uses Blockchain Tech to Reduce Fraud in Digital Advertising Campaigns

Toyota has partnered with blockchain ads analytics firm Lucidity to reduce wasted spending and address fraud in its advertising campaigns. Japanese car manufacturer Toyota has partnered with blockchain advertising analytics firm Lucidity to cut down on fraud when buying digital ads, according to a press release published Oct. 16. Formerly known as KR8OS, Lucidity was founded in 2017 in Los Angeles and offers an Ethereum blockchain solution to track supply chain payments, so advertisers can monitor how their funds are allocated. Through the new partnership with Lucidity, […]

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Abu Dhabi Ports Subsidiary Tests International Blockchain Pilot with Port of Antwerp

A subsidiary of Abu Dhabi Ports has launched an international blockchain pilot with the Port of Antwerp. A subsidiary of the major U.A.E. seaport operator Abu Dhabi Ports has launched an international blockchain pilot with the Port of Antwerp, global shipping news agency Hellenic Shipping News reports Oct. 15. Following a Memorandum of Understanding (MoU) signed between Abu Dhabi Ports subsidiary Maqta Gateway and the Port of Antwerp, the companies will run a pilot of a blockchain project called Silsal. According to the project, both entities will […]

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Hong Kong Regulator: Cryptocurrencies ‘May Not Qualify as Securities’

Cryptocurrency falls into a legislative gray area in many jurisdictions, which is why governments should take a particularly nuanced approach to developing regulatory frameworks for crypto trading, the outgoing chairman of Hong Kong’s securities regulator said in a recent interview. Also Read: Fidelity Launching Crypto Custody and Trading Services Key Challenge for Legislators “We have to carefully consider the regulatory approach for these platforms because they are new technology and may not qualify as securities,” Carlson Tong Ka-Shing, the current chairman of the Hong Kong Securities and Futures […]

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Brazilian Presidential Candidate Uses Blockchain to Publish Government Plan

Brazilian presidential candidate Fernando Haddad has announced his campaign will use blockchain technology to distribute his policy positions and plans for the government. Fernando Haddad, the presidential candidate for the Brazil Workers’ Party, has published his government plan via blockchain, per an announcement published on his website Oct. 14. According to the release, Haddad decided to use blockchain technology for disseminating information about his presidential campaign after a long-term struggle with fake news reports. As information stored on a blockchain cannot be altered or compromised, he decided […]

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Cointext Launches Bitcoin Cash SMS Wallet in Argentina and Turkey

Cointext began offering its new SMS-based bitcoin cash wallet service on Oct. 15 in Turkey and Argentina, two countries in which cryptocurrency use has been rising sharply in response to dire economic conditions. Also read: Binance Launches Fiat-to-Crpto Exchange in Uganda Mobile Wallet Handles BCH Transactions by Text Message “Bitcoin is better money,” Vin Armani, founder and chief technology officer of Cointext, said in an online statement. “Many Turks and Argentinians already understand this due to high inflation. We are excited to provide tools to help them use cryptocurrency.” […]

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Russian Accused of Hacking Public Servers to Mine Bitcoin Faces up to Five Years in Prison

A Russian man accused of hacking government servers in three Russian regions to mine Bitcoins is facing up to five years in prison. A 21-year-old Russian from the Siberian city of Kurgan is facing criminal charges for illegally mining Bitcoins (BTC) via government-owned servers, local news agency Ura.Ru reports Tuesday, October 16, citing the regional office of Russia’s Federal Security Service (FSB). The investigation found that the man hacked public administration servers in three Russian regions. The breach was discovered when the Internal Security Division in the […]

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Crypto Hedge Fund Launches Retail Public Offering in Japan

Epoch Partners launched the retail public offering for a new hedge fund in Japan this week that will focus on cryptocurrencies and digital assets. Subscriptions for the offering, which opened on Oct. 15, have been capped at 100 billion yen ($892 million). Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund Diverse Crypto Exposure for Japanese Investors The company, which is based in the Cayman Islands, said the new Epoch Digital Assets fund will invest in a range of investment vehicles […]

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Ethereum Foundation Issues $3 Million in New Grants

The Ethereum Foundation has awarded a total of $2.86 million to 20 different projects in Wave IV of its Grant Program. Announced at the beginning of 2018, the foundation began the new year with a resolution to fund promising projects that develop on Ethereum. Since the program’s launch, the foundation has committed over $14 million to 72 projects, the majority of which has gone to startups focused on scaling, with security and user experience receiving the next most in funding. The latest wave of capital allocation keeps […]

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