Coins & Blockchain News

With over 1,800 cryptocurrencies and a ton of exchanges, it can be hard to know which one to use, as exchanges vary in how their customers can trade. Some, like Coinbase and Gemini, allow you to get your feet wet in the industry and start out with fiat currencies. Other exchanges only trade crypto-to-crypto. This is especially the case with altcoins that mostly can’t be purchased with fiat currency. Most traders use several exchanges and, with so many cryptos flying around, not all exchanges list every coin, offer the same rates, or have the same legal obligations. If you want to buy Stellar Lumens, for example, you’ll need to sign up with Kraken, OKEx, or another exchange that lists them. If you’re looking for some Cardano, you’ll have to go with BitMEX, Bittrex, UPbit, or an exchange that lists ADA….

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A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitcoin Dealer Indicted The U.S. Department of Justice (DOJ) announced Friday that a bitcoin dealer, Jacob Burrell Campos, was indicted for international money laundering and is being held without bond. Assistant U.S. Attorney Robert Ciaffa said during Burrell’s bond hearing on August 17 that: Burrell was a prolific bitcoin dealer who sold approximately $750,000 worth of bitcoin to hundreds of buyers throughout the United States. He conducted 971 separate transactions with over 900 individual customers, and accepted…

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Billing itself as “the online encyclopedia reinvented for the modern age,” Everipedia has officially introduced its long-anticipated, peer-to-peer, online encyclopedia using EOS.IO technology that rewards users with crypto tokens for providing and editing articles. These “IQ” tokens entitle the holder to voting rights within the network. Seeing itself as as an alternative to Wikipedia, Everipedia seeks to The post Wikipedia Rival Everipedia Debuts, Rewarding Users With Crypto Tokens appeared first on CCN The post Wikipedia Rival Everipedia Debuts, Rewarding Users With Crypto Tokens appeared first on Your Daily Satoshi.

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On Friday, Venezuelan President Nicolas Maduro announced a new single exchange rate for the bolivar that’s pegged to the Petro virtual currency. Under the new guidelines, one Petro would equal $60 dollars, which means the nation’s currency is essentially devalued by 96 percent.  Amid immense political and economic turmoil in the South American nation, Venezuelan President Nicolas Maduro recently proclaimed a variety of economic overhauls during a speech broadcast on state television. The socialist leader said he would boost the minimum wage by upwards of 3,000 percent, increase the corporate tax rate, and raise subsidized gas prices over the next few weeks. Maduro also made another big announcement related to the nation’s Petro virtual currency. He said one Petro would now be worth $60 dollars and be equivalent to 360 million Venezuelan bolivars. The new rate means one dollar will…

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The Financial Industry Regulatory Authority (FINRA), a Washington-based self-regulatory body, has cautioned investors to beware of ICOs touting their adoption of the SAFT (Simple Agreements for Future Tokens) framework as evidence of investment security or regulatory compliance. SAFT Background The warning, which appears in its August 16, 2018 Investor’s Alert publication addressing potential ICO investors The post FINRA Throws Shade on the ‘SAFT’ ICO Framework appeared first on CCN The post FINRA Throws Shade on the ‘SAFT’ ICO Framework appeared first on Your Daily Satoshi.

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Watching trailers and movies is always fun, and it can be even more exciting if you’re paid for doing so. An Australian distributor has released a new cryptocurrency which will be used to pay users for watching, sharing, and promoting their latest movies and trailers. A new cryptocurrency called “Screencreds” has been launched by an Australian-based movie distributor, Demand Film. Screencreds will be used for rewarding the users and fans who will watch and promote the company’s latest releases. Revolutionizing the Film Industry Demand Film was founded in 2016. The company has released 40 titles across 6 English-speaking territories, focusing on documentaries and special one-day events. It is rolling out the new cryptocurrency right before it launches its service in Germany. David Doepel, CEO and Managing Director of Demand Film, revealed to The Hollywood Reporter that Screencreds is a new cryptocurrency which…

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Open Law and ChainLink are teaming up to bring real-world valuations of smart contracts to the digital space according to August 14, 2018, reports. Capitalizing on the Blockchain ChainLink is a blockchain platform which allows smart contracts to access off-chain assets like APIs, traditional banking payments, and data feeds. ChainLink acts as an intermediary between Blockchain and traditional companies. OpenLaw… The post Bringing Real World Value onto the Blockchain with OpenLaw and ChainLink appeared first on BTCMANAGER.

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New to crypto trading? Read CoinDesk’s full set of guides. Are you a crypto trader struggling to find a footing in a volatile crypto market? If yes, then the first thing you need to master is the art of identifying support and resistance levels. Imagine bouncing a ball inside your house. There are two barriers that will limit the flight and fall of the ball – your floor and ceiling. In trading, there are similar barriers that limit the movement of price action known as support and resistance. Such barriers in trading can have long-lasting effects on an asset, since price action rarely forgets its past. If traders regard a certain price level as a great entry or exit point, it will likely continue to act as a barrier for prices until all of their respective needs are satisfied. Support…

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From longer approval processes to the threat they might lose access to the European market, it’s safe to say U.K. blockchain startups are looking for contingency plans. A quick recap: in 2016, the U.K. held a referendum on whether to stay in the European Union (E.U.), with a majority of voters opting to leave the economic bloc. Since then, the government has been negotiating with E.U. officials on the terms of its exit – but recent hurdles have raised the specter of a “no-deal Brexit” that could lead to economic turbulence and uncertainty. It’s that uncertainty that has some blockchain startups sweating about their future prospects – at least in the months ahead as politicians attempt to hammer out an agreement. “Brexit is a hindrance to everything in the short term,” said Jamie McNaught, CEO and founder of Solidi Ltd,…

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JD.com, China’s largest retailer and e-commerce provider, has deployed an open blockchain platform to enable customers to have their own blockchain solutions to improve the transparency, efficiency and security of their operations, the company announced on its corporate blog. The JD Blockchain Open Platform expands the company’s Retail as a Service and will allow customers The post Chinese Retail Giant JD.com Launches Open Blockchain Platform appeared first on CCN The post Chinese Retail Giant JD.com Launches Open Blockchain Platform appeared first on Your Daily Satoshi.

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In this week’s daily editions of Bitcoin in Brief we reported on McAfee’s “Doomed” wallet, a panic in the altcoin markets, Binance’s new fiat-to-crypto platform in Liechtenstein and much more. The most commented-on article during the week covered a situation in the UK, where banks are targeting cryptocurrency owners – having their assets frozen and accounts locked without warning. Also Read: Pantera Capital Raises Over $70 Million for Its Third Crypto Fund Paxful to Build Second School in Rwanda A cheerful story published on Monday was about Paxful, which launched the #BuiltWithBitcoin program in 2017 by donating $50,000 for the construction of a nursery school in Rwanda, starting to sponsor the construction of a second school in the African country. Planned for students aged 6-15 in the Nyamata Sector of Rwanda’s Bugesera District, the company jump-started the project with a $20,000 donation….

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Bitcoin seemed on the verge of a breakout above $6,650 but a failed third attempt, followed by a lack of buying interest has given bears an opportunity to snatch back control and it looks like BTC has dropped a shelf for a bit of sideways trading in the $6,200 – $6,400 range. Bitcoin Price Market Overview Earlier this week on CNBC Fast Money, host Melissa Lee described the narrow channel between $6k and $7k as ‘Bitcoin Purgatory”. Guest speaker and head of Digital Assets group at Susquehanna International Group, Bart Smith, said “Bitcoin is in show me mode” as the cryptocurrency market currently seems resistant to trend changes driven by good news and positive developments for cryptocurrencies. Smith believes investors are searching for verifiable proof that the market has turned bullish before setting up positions, hence the sporadic spikes and…

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Tube8, a subsidiary of one of the most popular adult film websites, Pornhub, has announced plans to put its entire platform on the blockchain. The popular adult streaming video website is partnering with Vice Industry Token (VIT) and plans to reward users with VIT tokens for watching porn. According to Hard Fork, Tube8 is teaming up with Vice Industry Token (VIT) to completely tokenize its platform. Under the new “user engagement model,” users would earn VIT tokens for streaming and otherwise engaging with content on the platform. Slated to be implemented by the end of the year, the move would make Tube8 – which boasts more than 10 million users and 150 million visitors per month – the first major adult streaming service to reward the viewers with unique crypto tokens. Tube8 Signs Deal With Vice Industry Token to Tokenize Platformhttps://t.co/BrGeQzTX6h…

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In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM operator plans to enter the Korean market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mongolian Government Officials Visit Bithumb Senior officials of the Mongolian government visited Bithumb’s headquarters on August 16, local media reported. They were trying to determine the feasibility of using blockchain and cryptocurrency in solar energy businesses in Mongolia. The Korea Economic Daily elaborated: What they have focused on is the possibility of virtual currency remittance and payment functions and blockchain technology. Mongolia is seeking to utilize blockchains and virtual…

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Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.    Also read: This Fall May Bring More Crypto-Friendly Jurisdictions 1 Petro = 60 Dollars = 1 Barrel Nicolás MaduroVenezuelan president Nicolás Maduro revealed the fixed price of the country’s cryptocurrency, the petro, and a new minimum wage as part of a package of measures aimed at improving the socio-economic conditions in the South American country. The policies will be implemented on Monday, when the new, denominated brolivar will be introduced to replace the highly inflated national fiat. Starting from August 20, 1 PTR will be officially exchanged…

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Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions. Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet Up Moves, Down Moves, and Eight Months of Corrections Last week was pretty bad for most of the top digital asset markets, except we mentioned during our last markets update that bitcoin core (BTC) spot market prices took the least of the blows downward. Then a little less than 48 hours ago and mostly yesterday…

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A while back, the San Francisco-based exchange Coinbase announced the launch of an ethereum-based wallet called Toshi. The application was a private and secure messaging platform tethered to a non-custodial ETH wallet. Now Coinbase has decided to revamp the application and Toshi will become the ‘Coinbase Wallet’ which will not only offer ETH and it’s token derivatives but soon it will also hold BCH, LTC, and BTC. Also read: The Daily: Husbands Blackmailed for Bitcoin, Blockchain This and That Toshi Platform Changes to Coinbase Wallet Next time someone tells you Coinbase is “not a wallet” you can tell them that the San Francisco firm does offer a non-custodial wallet that provides users with private keys. The wallet is called Coinbase Wallet, a rebrand of the Toshi Wallet the company introduced back in April of 2017. On August 15, the Coinbase engineer…

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The South Korean government has announced the outcome of its inspection of 21 cryptocurrency exchanges. While a number of exchanges have completed implementing both short-term and wallet management measures, many security vulnerabilities remain at most exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space 21 Exchanges Inspected South Korea’s government has announced the result of its mid-term review of 21 cryptocurrency exchanges. The inspection was conducted in June and July by the Korea Internet and Security Agency (KISA) and the Korean Ministry of Science and Technology. KISA security experts visited each exchange to check on the 85 items identified during its previous crypto exchange inspection, conducted between January and March. They focused on 17 items which needed immediate implementation; six were short-term measures and 11 concerned crypto wallet management. “Intermediate checks were carried out in such a way as…

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The Boston Consulting Group (BCG) released a report on August 16, 2018, which outlined the complexities of implementing blockchain technology in enterprise and corporate systems. The group urged senior executives to reconsider the benefits of the innovation and assess the potential drawbacks before proceeding with the nascent technology. Blockchain’s Potential May Have Been Exaggerated Although blockchain technology has been heralded… The post Blockchain Benefits Remains Unclear For Commodity Traders appeared first on BTCMANAGER.

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It started with CryptoKitties, but it keeps getting weirder. CoinDesk takes you on a wild ride through the world of non-fungible tokens. The post Non-Believable Tokens: The 7 Strangest Crypto Collectibles Explained appeared first on Your Daily Satoshi.

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Cryptocurrency startups in the United Kingdom are struggling in 2018. The fringe benefits that came with changing a company’s name to reflect an interest in blockchain technology seems to have all but disappeared. “Cryptomania” is at its Lowest Ebb In the last months of 2017, cryptomania gripped large swaths of the global business scene. With ICOs raking in hundreds of millions of dollars and cryptocurrencies reaching new all-time highs, the emerging market became the focus of interest from several quarters. Fast-forward to 2018 and much of the hype and hysteria has dissipated with cryptocurrency prices taking a beating for most of the year. This price decline seems to have also affected many stakeholders from mining companies to crypto hedge funds, as well as other cryptocurrency startups. Argo blockchain attempted to write major headlines at the start of August, becoming the…

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Crypto-focused investment firm, Pantera Capital, has stated that it is hoping to raise $175 million for its next venture, and are reportedly more than half-way there already. Being at the forefront of cryptocurrency advancement is expensive work, just ask Paul Veradittakit, firm partner at Pantera Capital. According to Tech Crunch, one of the industry’s biggest investment firms is looking to raise a total of $175 million in its latest round of fundraising. This is seven times more than its previous venture fund, which was set at $25 million, which itself was nearly double the amount of its first fund of $13 million. Veradittakit says that this upward trajectory is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds. With more interesting later-stage investments [on our radar], too, we want to be flexible…

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In South Korea, Bithumb was visited by officials of the Mongolian government. Upbit is offering free training leading up to its developer conference. A public company has unveiled a hardware wallet as it enters the crypto space. Meanwhile, hacked crypto exchange Coinrail has launched an international service for non-Korean customers, and a US bitcoin ATM operator plans to enter the Korean market. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mongolian Government Officials Visit Bithumb Senior officials of the Mongolian government visited Bithumb’s headquarters on August 16, local media reported. They were trying to determine the feasibility of using blockchain and cryptocurrency in solar energy businesses in Mongolia. The Korea Economic Daily elaborated: What they have focused on is the possibility of virtual currency remittance and payment functions and blockchain technology. Mongolia is seeking to utilize blockchains and virtual…

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In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least… The post Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out appeared first on BTCMANAGER.

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