Monthly Archives: January 2019

Report: XRP Market Cap Could Be Overestimated By Billions

A report from crypto analytics firm Messari states that XRP’s market capitalization could be overvalued by $6 billion. The market capitalization of distributed ledger tech company Ripple’s XRP token could be overvalued by as much as $6 billion, according to a recent report from crypto analytics firm Messari. Ahead of Ripple’s Q4 2018 report, Messari researched the “health and legitimacy” of the XRP’s market capitalization using data from cryptocurrency exchanges and third party cryptocurrency data services. The report states that XRP’s liquid circulating supply could be overestimated […]

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Satoshi’s Bitcoin Whitepaper Is Now Available in Arabic and Hindi

On Jan. 22, blockchain infrastructure firm Bitfury announced during the World Economic Forum in Davos that Satoshi Nakamoto’s Bitcoin whitepaper has been translated into Arabic and Hindi for the first time. The translations of the paper “Bitcoin: A Peer-to-Peer Electronic Cash System” can now be read by the millions of people around the world who speak these languages. Also read: Bitcoin Accessibility From a Blind Person’s Perspective Bitcoin Whitepaper Now Accessible to Hindi and Arabic Speakers Satoshi’s Bitcoin whitepaper has changed the lives of many people and now […]

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Tipping the Scales: Could Unit-e Finally Break Blockchain’s Scalability Impasse?

Unit-e brings a fresh angle to blockchain scalability. Amid a seemingly constant stream of new concepts claiming to be key to crypto to breaking through to the financial mainstream, one immovable issue remains ever-present: scalability. The crypto community is abuzz with new projects relating to the issue, from the Bitcoin (BTC) Lightning Network to a brand new cryptocurrency designed by some of the top names in crypto and American academia. Cointelegraph takes a look at the latest scalability developments and what they can bring to blockchain and […]

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Cryptos Trade Sideways With Mild Gains and Losses Among Top Coins, Bitcoin Above $3,600

Most of the top 20 cryptocurrencies are trading sideways, with slight gains over the 24-hour period. Thursday, Jan. 24 — the top 20 cryptocurrencies are mostly trading sideways with slight losses and gains across the board. Bitcoin (BTC) is currently creeping above $3,600 according to data from CoinMarketCap. Market visualization from Coin360 At press time, Bitcoin is continuing to trade around the $3,600 threshold as it did yesterday. The current price is $3,610, up 0.65 percent on the day. On its weekly chart, Bitcoin is down 1.4 […]

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Galaxy Digital Reportedly Raising $250M to Help Firms Survive Crypto Winter

The current market environment has caused several cryptocurrency companies such as exchanges, and miners to cancel growth plans, downsize their operations or even completely shut down. A massive new fund reportedly in the works is designed to help such struggling firms with much-needed finance until the situation improves and they return to profitability. Also Read: UK Regulator: Utility Tokens Are Not Subject to Securities Laws $250 Million Rescue Fund Galaxy Digital is working to raise at least $250 million for a credit fund in order to make […]

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JP Morgan Analysts: Bitcoin Price Could Sink Even Further, Crypto Values Unproven

JP Morgan analysts predict that Bitcoin could fall below $1,260, and banks will not benefit from blockchain for another three or five years. Analysts at JP Morgan have predicted that Bitcoin (BTC) could fall below $1,260, while banks will not benefit from blockchain for at least three to five years, Reuters reported on Jan. 24. According to Reuters, analysts from the major global investment bank think that the true value of cryptos is still unproven, and that they only make sense in a hypothetical “dystopian” event, wherein […]

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Harvard and Levi Strauss Collaborate to Develop Blockchain-Based Factory Safety System

Harvard University and U.S.-based apparel company Levi Strauss & Co announced a collaboration to develop a blockchain factory safety system. Harvard University and American clothing company Levi Strauss & Co announced a collaboration with the New America think tank to develop a blockchain factory safety system, Reuters reported on Jan. 24. The new system aims to eventually replace external factory health and safety auditors with a self-reporting infrastructure by the workers. Dr. Eileen McNeely, director of Harvard T.H. Chan’s Sustainability and Health Initiative for NetPositive Enterprise said, […]

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Unconfirmed: Novogratz’s Galaxy Digital to Raise $250 Million to Offer Crypto Loans

Novogratz’s Galaxy Digital is planning to launch a funding round for crypto lending in March, according to an unconfirmed report. Mike Novogratz’s crypto merchant bank Galaxy Digital is reportedly raising at least $250 million to offer loans to crypto-related firms, according to an unconfirmed report published by American news site Business Insider on Jan. 23. Citing two unnamed people familiar with the matter, the news outlet claims that Galaxy Digital is purportedly planning to close the first fundraising round for its crypto credit fund in March. A […]

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New Malware Attacks Hold ASIC Miners to Ransom

According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto Businesses in Pennsylvania New Ransomware Called H-Ant Attacks Mining Rig Operators in China Ransomware creators have found a new target to attack in the form of bitcoin mining operations. Unlike most traditional […]

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New York Financial Regulator Grants BitLicense to Robinhood and LibertyX

The New York financial regulator has approved the BitLicense applications for Robinhood and LibertyX. Stock and crypto trading app Robinhood has received a BitLicense to operate in New York, the New York State Department of Financial Services (DFS) reports on Jan. 24. Robinhood now has permission to trade in seven cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) — in the U.S. state of New York. According to the DFS, Robinhood has additionally been granted a money transmission license. The DFS has […]

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