Monthly Archives: June 2019

Crypto Markets Are Green Across the Board as Bitcoin Crosses $12,000

The cryptocurrency market is trending up after a flash crash by bitcoin on Wednesday followed by across-the-board losses on Thursday. Friday, June 28 — Top cryptocurrencies bitcoin (BTC), ether (ETH), and ripple (XRP) are all in the green, a total turnaround from the sea of deep red on Thursday. Market visualization. Source: Coin360 Bitcoin is currently trading at $12,316 again, around the levels it sank to following the sudden $1,400 flash crash on Wednesday. Bitcoin had continued to sink all the way to $10,380 on Thursday, but is […]

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Satoshi Comparisons Surface After Grin Founder Exits in Similar Circumstances

Pseudonymous Grin founder Ignotus Peverell has stepped away from the project, reassuring the privacy coin’s community that it is in “safe hands.” The move has sparked inevitable Satoshi Nakamoto comparisons. Bitcoin’s pseudonymous creator used almost identical language eight years ago, writing in an email that “I’ve moved on to other things,” before adding “It’s in good hands with Gavin and everyone.” Also read: Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes Ignotus Peverell Pulls a Satoshi Nakamoto Digital currency obsessives love […]

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Kik Hands Off Defend Crypto Frund to The Blockchain Association

Kik is handing off its Defend Crypto fund to The Blockchain Association. The Blockchain Association, a collective of advocates involved with the blockchain industry, has taken over the Defend Crypto fund set up by Kik According to an official blog post on June 28, Kik — the company behind Kik Messenger and the kin (KIN) cryptocurrency — believes that the Blockchain Association “will be in the best position to objectively allocate the resources to the highest impact initiatives” and has chosen it to lead Defend Crypto. The […]

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Research: Only 30% of Known Stablecoins Are Live and Operational

A new study shows that 30% of known stablecoins are live and operational. Only 66 stablecoins — 30% of total announced tokens — are actually live and operational, according to a study published by the blockchain research group Blockdata on June 26 The remaining 70%  are either still in development or have shut down entirely. Researchers from Blockdata believe that one consequence of this is that 2019–2020 may see a record high of new stablecoins going live, with 119 estimated to launch in 2019. Researchers also examined […]

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Bloomberg: Craig Wright Does Not Have Access to Bitcoin Fortune

Craig Wright said that he cannot comply with a court order to provide a list of all his early bitcoin addresses. Craig Wright said that he cannot comply with a court order to provide a list of all his early bitcoin (BTC) addresses, Bloomberg reported on June 28  The Australian computer scientist and self-proclaimed Satoshi Nakamoto said that he may not be able to access the coins at all. As previously reported, the United States District Court of the Southern District of Florida issued an order on […]

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Golem Launches New Entity Based on Its 2016 Crowdfunding

Poland-based Golem Factory has spun off a new entity, the Golem Foundation, that is expected to increase the value of the entire project. Decentralized CPU power developer Golem is spinning off a new entity using funds of the original capital raised in its crowdfunding back in 2016 In a blog post on June 28, Golem Factory CEO Julian Zawistowski announced the launch of a new division called the Golem Foundation, which will purportedly allow Golem to expand its solutions and “potentially increase the value of the entire […]

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Discovering Atlantis: Ethereum Classic Hard Fork and What Will Change

Ethereum Classic is set to undergo an Atlantis hard fork in September 2019, which will bring interoperability between sibling blockchains On June 19, the Ethereum Classic (ETC) community announced that the Atlantis hard fork is now in its testing stage. As Cointelegraph previously reported, the update is scheduled for Sept. and will take place on the block 8.75 million.  Also, as Cointelegraph reported, ETC Labs, which actively contributed to the Atlantis project, will soon introduce another solution for Ether (ETH)/ETC interoperability being part of Metronome Validator Network. […]

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Billionaire Henry Kravis Invests in Former Employee’s Crypto Fund

Billionaire Henry Kravis has invested in former employee Ben Forman’s new company focused on blockchain and cryptocurrency investments. Billionaire Henry Kravis has started investing in the cryptocurrency space, according to a report by Bloomberg on June 28 Ben Forman, a former employee of Kravi’s KKR & Co, said that Kravis has invested in the flagship fund for his blockchain-focused investment firm ParaFi Capital of San Francisco. Discussing his decision to leave KKR to found ParaFi Capital, Forman said that he intends to pursue cryptocurrency investing at his […]

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JPMorgan Chase CEO: Crypto Projects Pose No Threat to Banking System

JPMorgan Chase CEO Jamie Dimon said that he does not think that crypto projects pose an existential threat to JPMorgan’s core business. JPMorgan Chase CEO Jamie Dimon said that he does not think that cryptocurrency projects pose an existential threat to JPMorgan’s core business.  During an interview with Yahoo Finance on June 27, Dimon discussed crypto’s potential impact on the existing banking system: “We move $6 trillion a day around the world. It is very cheap, very secure, it works. And the banking system has already built […]

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Reserve Bank of India Developing Blockchain Banking Platform

The R&D branch of the Reserve Bank of India is developing a blockchain platform. The Reserve Bank of India (RBI) is developing a blockchain platform for banking in its R&D branch, according to a report by BusinessLine on June 28 The blockchain platform will reportedly host a number of blockchain applications, and is slated to launch next year. This model platform is reportedly being designed to serve banks; according to the director of The Institute for Development and Research in Banking Technology, RBI’s R&D branch, the platform […]

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