Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge

Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge
Source: Dailysatoshi.com

Power Ledger, a blockchain startup based in Australia, won business magnate Sir Richard Branson’s Extreme Tech Challenge (XTC) 2018, as reported by Australian news channel Nine News. The challenge, whose previous finalists include Doctor on Demand and Vantage Robotics, aims to provide entrepreneurs with the right tools to help them build their tech products. Power Ledger received endorsements The post Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge appeared first on CCN The post Aussie Blockchain Startup Wins Billionaire Branson’s Tech Challenge appeared first on Your Daily Satoshi.

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Albania is Considering Crypto Regulation to Attract Investment

Albania is Considering Crypto Regulation to Attract Investment
Source: Livebitcoinnews.com

Albania is reportedly considering crypto regulations in a bid to attract investment opportunities in the country as well as become a regional hub. Keeping Pace Prime Minister Edi Rama has said that the crypto market can present a lot of opportunities for Albania. As one of the poorest European countries, investment in the industry could help to boost its economy. Rama is also hoping to make Albania a hub for investors interested in getting involved, reports the Tirana Times. He said: As part of our effort to open up new markets and create new opportunities for well-paid jobs and qualified people… we are exploring the possibility of setting up a regulatory framework on cryptocurrency which is a shocking novelty nowadays and where the opportunity to be innovative and set up a center of gravity for innovative financial markets is open…

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Visa B2B Connect Joins IBM to Foster Blockchain Cross-border Payments

Source: Coinspeaker.com

Photo: VisaNews / Twitter For a couple of years Visa has been engaged into an ambitious endeavor touching the cutting-edge blockchain technology. Being known as a top-notch provider of payment services Visa can’t help but try out to revolutionize the multi-million industry of electronic funds transfers with a toolkit of decentralized distributed ledger. As soon as such a splendid idea has crossed the mind of Visa company, the world’s payment giant started to look for a decent partnership in the blockchain-sphere, which once being found would join forces with Visa to live out an aspiring plan into digital reality. B2B Connect Platform Reportedly in 2016, Visa at first unfolded a blockchain-based platform for cross-border business payments called Visa B2B Connect. Approximately at that time, the company signed a deal with Chain Inc., an alternative solution to global payments rail SWIFT…

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ICO Services to be Offered on the Russian Financial Market, Sberbank Ensures

ICO Services to be Offered on the Russian Financial Market, Sberbank Ensures
Source: Coinidol.com

Oct 23, 2018 at 12:25 // News Sberbank and Russia’s National Settlement Depository (NSD) have partnered to conduct a test on initial coin offerings (ICO) within the regulatory sandbox. As a result, they expressed an intention to find a way for token sales implementation and other services related to the fintech. “Sberbank clients express interest in this type of fundraising, and we are ready to start providing these services and drive mainstream adoption of this type of transactions as soon as the corresponding legislation comes into force,” Sberbank VP Andrey Shemetov said in a statement.  State-owned Sberbank together with the NSD have finished their pilot project dedicated to ICO testing and are ready to share the results. The initiative was performed with a help of the regulatory sandbox, which was established by the Central Bank of Russia last April. The…

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Uphold Joins Crypto Lending Platform Cred for New Lending and Earning Solutions

Uphold Joins Crypto Lending Platform Cred for New Lending and Earning Solutions
Source: Coinspeaker.com

Photo: Uphold / Twitter In today’s business community, partnership has become one of the most promising tools on the way to new amazing developments and interesting projects that are aimed at offering customers really unique experience and opening new opportunities for them. News about recently established collaborations regularly appears here and there. This time the headlines are made by Uphold which is a major global digital money platform, that has conducted transactions worth over $4.0 billion across 184 countries, and Cred that is a crypto-backed lending provider with over $250 million in credit facilities. Joint Projects Having announced their partnership Uphold and Cred have revealed their plans to launch two cutting edge blockchain-based consumer finance products: Uphold Earn and Uphold Borrow. Both products are aimed at helping customers to earn interest from stablecoin holdings and borrow money against the cryptocurrencies…

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The Death of Hype, Amara’s Law and the Crypto-Anarchist Dream

The Death of Hype, Amara’s Law and the Crypto-Anarchist Dream
Source: Bitcoin.com

The hype surrounding blockchain and cryptocurrency has simmered to a dull roar. Last December, the markets spiked as traders drooled over the thought of lining their pockets. They believed they would be billionaires. They had erotic dreams of lambos, mansions, hookers and blow. Many of them embraced a get-rich-quick, shit-brained mentality. They put speculation over philosophy. The majority of them got financially destroyed for their greed. In their fragilista-like thinking, they either forgot the purpose of the technology or came into the space without acknowledging the crypto-anarchism that created it.  Also read: Markets Update: Stable Cryptocurrencies and Unstable Pegged Coins Novel Technology Is Fueled by Hype Anyone who has studied technological trends could have predicted what happened. Any novel technology is originally fueled by hype. When the technology emerges, new entrants see dollar signs. They want to exploit the technology to…

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Ethereum Developers to Postpone Constantinople Hard Fork until January 2019

Source: Coinjournal.net

Ethereum core developers made it known in the last bi-weekly meeting on Friday, October 19, 2018, that Ethereum’s next system-wide upgrade Constantinople, will be postponed until 2019. It had been initially primed for release in November 2018 but the discovery of several bugs in the code released on Ethereum’s public testnet Ropsten, made developers opt […] The post Ethereum Developers to Postpone Constantinople Hard Fork until January 2019 appeared first on Coinjournal.

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Bakkt Bitcoin Futures Launch Date Revealed

Bakkt Bitcoin Futures Launch Date Revealed
Source: Forklog.net

The Intercontinental Exchange (ICE) has confirmed that its upcoming cryptocurrency trading platform Bakkt will officially launch on December 12, pending regulatory approval. Bakkt is a platform for trading, storing, and spending digital assets that was established earlier this year by New York Stock Exchange (NYSE) operator ICE in partnership with Microsoft, Starbucks and BCG. According […]

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ICE: Bakkt Will Go Live in December Pending ‘Regulatory Approval’

ICE: Bakkt Will Go Live in December Pending ‘Regulatory Approval’
Source: Bitcoinist.com

New York Stock Exchange owner Intercontinental Exchange (ICE) has announced its “regulated ecosystem” for cryptocurrency, Bakkt, would launch one month late. Bitcoin Futures Postponed In a notice issued October 22, ICE confirmed Bakkt’s first product would now go live on December 12, not in November as originally forecast. Developers are planning to open up regulated cryptocurrency exposure options to institutional investors, beginning with physical Bitcoin futures, the subject of this week’s notice. “ICE Futures U.S., Inc. will list the new Bakkt Bitcoin (USD) Daily Futures Contract for trading on Wednesday, December 12, 2018,” it reads. “The Bakkt Bitcoin (USD) Daily Futures Contract is a physically-settled daily futures contract for bitcoin held in Bakkt LLC, ICE’s Digital Asset Warehouse, and will be cleared by ICE Clear US, Inc.” The reason for the delay, ICE adds, is that its futures plans are…

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EY Report: 86 Percent of ICO Tokens Are Now Below Their Listing Price

EY Report: 86 Percent of ICO Tokens Are Now Below Their Listing Price
Source: Btcmanager.com

According to a 2017 ICO report by Ernst and Young (EY), published on October 19, 2018, 86 percent of the tokens from ICOs in 2017 are currently below their listing price, with 30 percent having lost all of its value. Demand For ICOs Continues to Grow in 2018 According to the EY report, while ICOs were a popular and new…Read More. The post by Cindy Huynh appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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GNT Price Analysis: The long road to utility

Source: Bravenewcoin.com

Golem (GNT) prices have suffered heavily in 2018 with the token lacking fundamental utility, and facing weaponized FUD surrounding the quality of the current ICO and Dapp ecosystem. With product development still only in early stages and the network currently lacking underlying fundamental value, price remains exposed to the volatile wrath of crypto markets,

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Japanese Government to Significantly Simplify Crypto Taxation

Japanese Government to Significantly Simplify Crypto Taxation
Source: Coinidol.com

Oct 23, 2018 at 11:42 // News A full committee of tax experts in Japan which is responsible for giving advice to the government on taxation issues has called for the loosening of the country’s digital currency tax filing process. The exercise is currently convoluted and a change is needed to improve accuracy and compliance. According to Sankei, a local news outlet, the committee conducted a meeting last week where the suggestion to change the latest crypto tax filing system was debated.    The committee raised a concern that ascertaining crypto gains for taxation matters is an intricate affair and this demotivates some owners of cryptos from declaring their digital currency holdings when filing tax returns.    Taxing Returns    The tax panel revealed that digital currencies in Japan are taxed on both gains made and gains accrued when one…

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Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest

Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest
Source: Dailysatoshi.com

The Bitcoin price has fallen to the $6,300 region after failing to retain momentum in the $6,400 to $6,500 range. The volume of the dominant cryptocurrency has experienced a minor recovery from $3.1 billion to $3.6 billion across major cryptocurrency exchanges. Yet, regardless of the settlement of seven consecutive weekly candles in the low $6,000 The post Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest appeared first on CCN The post Bitcoin Pice Struggles at $6,380, BAT Falls 10% Despite Coinbase Interest appeared first on Your Daily Satoshi.

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Russian Draft Bill Lacks Essence Of Digital Currency Terms After Latest Edits

Russian Draft Bill Lacks Essence Of Digital Currency Terms After Latest Edits
Source: Coinidol.com

Oct 23, 2018 at 11:09 // News Russian deputies have removed the definition of cryptocurrency mining from a draft bill on crypto regulation prior to its next reading in the State Duma, however, the new law won’t resolve tax concerns for miners. Anatoly Aksakov, Chairperson of the Duma Committee on Financial Markets, concisely elaborated the reason behind the deputies’ stance to abrogate a core cryptocurrency term from the bill:  “Earlier we had some thoughts on Bitcoins, on their integration into our economic system. But as we decided we don’t need them, these ambiguous Bitcoins, therefore we don’t need mining as well.”  Legalising Crypto  If the law was to define cryptocurrency mining, it would have to define cryptos, Anatoly told Coinidol. Adding that it would be unwise to put mining in the regulation suggested by the government and emphasized that mining should…

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Range-Bound Bitcoin Looks to Shine Against Altcoins

Range-Bound Bitcoin Looks to Shine Against Altcoins
Source: Coindesk.com

Bitcoin (BTC) is again lacking a clear directional bias, but may soon pick up a strong bid against ethereum and other altcoins, according to intermarket analysis. The leading cryptocurrency is trading in a sideways manner around $6,400 on Coinbase for the eighth day and is struggling to find buyers, despite having charted a bullish inverted hammer last week near the key support of $6,000. While the absence of a positive follow-through to last week’s bullish pattern is a slight cause for concern, it is still too early to adopt a bearish view on the cryptocurrency. This is because prices are holding well above the all-important 21-month exponential moving average (EMA) support of 6,121. Further, BTC is still trapped in a narrow range of $6,360 and $6,480. Hence, the immediate outlook remains neutral. However, BTC could shine against ETH and other…

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More Platforms are implementing Hard Forks to Fight ASICs

Source: Crypto-news.net

The months-long decrease in market values has done little to slow crypto development, and more than ever corporate and enterprise players are controlling Proof-of-Work (PoW) mining. The primary tool of these institutions is application specific integrated circuits (ASICs), the use of which is one of the most contentious issues in the crypto space. Platform teams are, for the most part, opposed to the use of these devices, and have now begun to resort to hard forks to prevent their proliferation. Nevertheless, the ASICs debate is becoming more complex, as teams begin to take unique approaches to halt their use. As we have previously covered, ASICs are powerful, single function chips that enable very efficient mining. They have been used on Bitcoin for several years, which over time has enabled a small number of pools to control most of the network…

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BTC Price Turns Out to Be Less Volatile than Some of Wall Street’s Major Stocks, Says CBOE

BTC Price Turns Out to Be Less Volatile than Some of Wall Street’s Major Stocks, Says CBOE
Source: Coinspeaker.com

Photo: QuoteInspector Since the time when cryptocurrencies became known for a wide audience, the issue of their volatility is one of the most discussable topics related to this class of assets. Even those who are not going to invest into Bitcoin have definitely heard from somebody else that this type of investments is extremely risk due to the unbelievable high volatility of Bitcoin. But is it really true? Cryptocurrency vs. Stocks Despite a widely spread opinion, now the volatility of Bitcoin is lower than this indicator related to some of the biggest and most popular stocks on Wall Street, including the stocks of such tech giants as Amazon, Netflix, and chipmaking firm Nvidia. Such a conclusion can be made on base of the data provided by Cboe Global Markets. According to the experts’ report, the 20-day historical volatility (HV), which is the…

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How Blockchain Apps Are Improving Cryptocurrency Accessbility

How Blockchain Apps Are Improving Cryptocurrency Accessbility
Source: Themerkle.com

For enthusiasts, alternative investments professionals, and cryptographers, cryptocurrency is either the next greatest economic revolution, an incredible store of value in addition to being a cryptographic transaction medium, or the best problem to solve seen in decades. Yet, for the general public, even understanding what Bitcoin is remains hard at best, since the average consumer is simply not technically sophisticated enough to understand, let alone access cryptocurrency. And, even for many established finance professionals (outside of FX trading) the idea of a transactive medium simultaneously acting as a store of value is hard to stomach. Cryptocurrency professionals understand this paradox: while cryptocurrencies like Bitcoin are valuable, their value comes from scarcity since all cryptocurrencies are fixed quantity-wise, which means different forces outside of traditional supply and demand dictate how they are valued. The result is an entire market starting from…

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Ethereum Classic Price Analysis: ETC/USD Area of Interest Holding

Ethereum Classic Price Analysis: ETC/USD Area of Interest Holding
Source: Livebitcoinnews.com

Ethereum Classic previously broke below support around 10.500 but is now pulling back to this area of interest. This lines up with the 50% to 61.8% Fibonacci retracement levels, which might be enough to keep gains in check and allow the drop to resume. The 100 SMA is below the longer-term 200 SMA to indicate that the path of least resistance is to the downside. In other words, the selloff is more likely to resume than to reverse, possibly taking Ethereum Classic to the swing low at 9.059. The 100 SMA also lines up with the 38.2% Fib to add to its strength as a ceiling while the 200 SMA dynamic resistance is in between the higher Fibs. Stochastic is still heading up and has a bit of ground to cover before indicating overbought conditions. This suggests that buyers could…

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