GoChain GO

$0.0423
Market Cap $ 26.442 MM (#163)
24h Volume $ 4.536 MM
Chg. 24h: -0.82%
Algo. score 4.1/5  (#33)
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GoChain News

Bitfinex Resumes Fiat Deposits

Bitfinex suspended all fiat deposits on October 11, which led to rumors that both Bitfinex and Tether were insolvent. The exchange cut its ties with Noble Bank, and a supposed partnership with HSBC was also not true. However, the exchange has now gone live with a new 'distributed banking solution.' Users will have to go through a deposit request, which includes KYC and bank details will be sent specifically to the individual’s transaction. Once a transaction has been made, it will be processed within 6-10 business days. The exchange will once again support USD, GBP, JPY, and EUR deposits, with a processing fee of 0.1% and a minimum deposit of $10,000. Bitfinex saw a volume of $543 Million in the last 24 hours. (VS)

11 minutes ago

Norway Announces New Regulations For Crypto Service Providers

The Norwegian FSA (Financial Supervisory Authority) has announced new money laundering regulations, which affects companies that provide exchange and storage services for Digital currencies. Exchanges will have to comply with adequate KYC procedures, and report suspicious transactions. The new rules will go in effect on 15 October, but crypto firms have 5 months to prepare with their compliance. Also, exchanges will have to be registered with Finanstilsynet to be considered as regulated. (VS)

an hour ago

Ethereum Foundation Grants Startups Nearly $3 Million

The Ethereum Foundation has granted about $3 million in funding to several startups in the blockchain space, as part of its fourth wave of support to upcoming development teams in the community. The Ethereum Foundation Grants Team picked 20 different groups and individuals and gave them access to a $2.86 million grants pot. Prysmatic Labs and Status snagged the most substantial grants, each receiving $500,000 that will go towards building Ethereum 2.0 clients. Kyokan, Spankchain and Connext jointly received $420,000 to help develop an SDK that would support a non-custodial suite of payment channels. (KE)

7 hours ago

Ethereum Foundation Directs $500,000 Grant to Status Nimbus, an ETH2.0 Sharding Client

Status.im, which is a browser and messenger tool for decentralized apps, has been awarded a $500,000 grant by the Ethereum Foundation. The funds, which were granted as part of the foundation’s scalability subsidy program, will go toward research and development for Nimbus, which is a sharding research project on Ethereum 2.0 that’s designed to work on mobile devices. The Status Nimbus team stated in the announcement: "Ultimately our goal is in line with that of the foundation -- the mass adoption of Ethereum." (GT)

19 hours ago

Crypto In China Might Pick Up Once Again As Government Goes After Overseas Tax Havens

Since early 2018, the Chinese government has been going after wealthy investors in the country. The primary investment for the wealthy Chinese people is the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets. With authorities cracking down on those, the demand for cryptocurrencies in the country is expected to go up. Cryptocurrencies are illegal in China, and exchanges are not allowed to operate. However, OTC exchanges still exist, and they have a great demand. Some of the larger investors are moving their money to Hong Kong or Taiwan, to invest in crypto through OTC exchanges in those countries. (VS)

2 days ago

Indian Exchange Unocoin Is Installing 30 Crypto ATMs Across Country To Circumvent Banking Ban

India's central bank, Reserve Bank of India (RBI) banned banks from offering their services to crypto companies. Though there is no ban on cryptocurrencies, exchanges could no longer operate. However, the ban is not stopping one crypto exchange, Unocoin. The exchange will install 30 ATMs in three major cities in India, and the first one is set to go live next week. Users will be able to do both deposits and withdrawals. Also, the exchange will continue with its KYC measures, as only registered users will be able to operate the ATM. (VS)

2 days ago

Crypto Card Paycent Adds Support For XRP

Singapore-based Paycent has announced support for XRP on its mobile app. Users will soon be able to cash out XRP in their local currencies using the Paycent card. Paycent is one of the very few companies that issue working Crypto cards right now. The app already supports Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), DASH, and Binance Coin (BNB). Support for XRP will come in the first week of November. Paycent Card itself works at ATMs in 200 countries worldwide. XRP is priced at $0.42093, gaining 0.23% in the last 24 hours. (VS)

2 days ago

Crypto Venture Capitalist Barry Silbert Says Expectations for Most ICO Valuations are Unreasonable

Barry Silbert, who is the founder and CEO of Digital Currency Group, has backed more than 100 blockchain projects, but he’s skeptical about most ICOs. Silbert participated in a Forbes podcast in which he explained while he believes in the philosophy behind ICOs, he fails to see the value in most projects. He pointed to “unreasonable” expectations for most ICO valuations and cast doubt on the ability of most management teams at blockchain startups to realize their vision for the project. For instance, a project that issues a utility token to “tweak” an existing model like that of Uber is not compelling to him. “The idea that somebody can put up a whitepaper put up a website and go raise money from the masses, it goes against everything I’ve come to see working in the US,” said Silbert. (GT)

3 days ago

Twitch to Livestream a 51% Attack for Educational Purposes

Team-periwinkle, a Reddit user, is planning to show a live stream of a possible 51% attack. This follows a recent poll on Twitter conducted by Team-periwinkle to determine the interest of crypto users in a 51% attack. The stream will reportedly occur via Twitch and it will go live today at 3:00 CDT. In an interview with BTC Manager, the Reddit user said the live stream would be used for educational purposes. The attacker intends to hack an EMC2 coin and has stated that the attacker will not have any collateral damages on the exchange from a tech standpoint. (KE)

3 days ago

Report: Marketers Should Treat The Blockchain Technology Seriously

To most people, blockchain and cryptocurrency go hand in hand. However, in addition to driving crypto, blockchain has numerous applications. The marketing sector is one of the areas that the blockchain technology has the potential to disrupt. Incorporating blockchain in marketing would enhance customer engagement and experience to unfathomed levels. It would also cut costs by eliminating programmed scripts and people hired to increase click counts on marketing websites. Integrating blockchain would make ads relevant as it would use information from people that share it willingly. Additionally, it would improve security as well as transparency. (KE)

3 days ago

Alleged Cryptocurrency Scammers Request for More Time to Respond to a CFTC complaint

Randall Crater, the owner of My Big Coin, has filed for a motion to the Massachusetts District Court to give them up to 3rd June 2019 to respond to a CFTC complaint and discovery requests. The defendants cited voluminously written discovery requests by CFTC and the inability of Crater to render assistance to legal counsel due to his failing health. CFTC alleges that My Big Coin Pay company has been scamming investors since 2014 January through its coin, MBC. My Big Coin Pay lured investors through misrepresentations by stating that they were backed by assets which could steady the economies of twenty-two countries. This lawsuit follows CFTC securing another ruling recently which gives them rights to go after digital asset scams. (KE)

4 days ago

Ripple Partner Santander Goes Live with SWIFT’s Global Payments Innovation

Ripple’s partner Santander, has partnered with SWIFT to go live in four countries, namely, Spain, the UK, Poland, and Argentina. The banking giant reportedly will be using SWIFT’s Global Payments Innovation [GPI] technology for cross-border payments. Santander revealed that the bank’s target is to go live in Chile and Mexico by the end of 2018. Besides, 80% of Santander cross-border transactions will be live on SWIFT GPI by the end of this year and the company is also looking at expanding to other countries in 2019.During a recent interview, Santander’s Head of Innovation, Ed Metzger stated that Ripple’s technology has improved their customer’s lives. (RL)

4 days ago

Olivier Janssens, Free Society Founder and Early Bitcoin Adopter, Criticizes Blockstream’s Liquid Sidechains

Olivier Janssens, an early Bitcoin investor who in 2015 was added to the Bitcoin Foundation’s board of directors, is not a fan of blockchain tech company Blockstream. In a tweet storm, he suggested that Blockstream “is mainly responsible for crippling Bitcoin” and criticized the company’s “liquid sidechains.” By using the sidestreams, he says more than half of Bitcoin volume becomes "locked" and "centralized" and users are paying Blockstream instead of miners. Janssens concluded by stating: “Any person who was screaming about keeping their full nodes and that now thinks this is totally awesome.. go seek professional help.” (GT)

5 days ago

Crypto Traders Confused as Many Expected Bitcoin to Rise when Stocks Fell.

The unexpected drop in cryptocurrency prices shows that the crypto market is not inversely correlated with the global market. Many investors believed that when stocks dropped crypto would pop but yesterday's steep correction shows that this theory is not 100 percent accurate. In a recent interview, Matt Hougan, the vice president of research and development at Bitwise Asset Management, explained that the factors that propel the cryptocurrency market differ from those in traditional markets. Hougan said that “non-correlation is not the same as inverse correlation so there’s no guarantee that when the market goes down crypto will go up.” Many analysts believe the current drop in stock prices is connected to higher interest rates and the approaching end of a near decade-long bull rally. (RS)

5 days ago

Poloniex Lists Decentraland (MANA)

Cryptocurrency exchange Poloniex, which was recently acquired by Circle has announced the listing of Decentraland (MANA). Deposits and withdrawals are currently live. Trading will go live against USDT, BTC, and ETH on October 12th at 16:00 UTC. Decentraland is a virtual reality platform built on the Ethereum blockchain where virtual land can be purchased and monetized. Decentraland (MANA) is currently priced at $0.07077, losing 0.59% in the last 24 hours. (VS)

5 days ago

The Australian Securities Exchange Postpones the Replacement of Blockchain CHESS Core

The Australian Securities Exchange (ASX) reportedly has postponed its intentions to go live on its planned core system based on the distributed ledger. The update on the existing CHESS core has been delayed to early 2021. As per the report, the new system, which was meant to commence in the fourth quarter of 2020 has been pushed to early 2021. According to ASX, the move was in response to the industry concerns on the 'aggressive implementation timeframe.' Additionally, the delay is also meant also to allow the company to carry out user development and testing. (VK)

5 days ago

China's Zheng Zhou City to Launch A Blockchain-Based Cultural Art Trading Platform

According to China’s Bianews, the Cultural Art Trading Platform of Zheng Zhou City will launch a blockchain-based art trading platform, with the help of a China-based tech company, China Digital Network Technology. With features of transparency, immutability of blockchain, the trading of cultural arts will be traceable and transparent. It is reported that the platform will go live in late November. (RL)

5 days ago

Mt.Gox Trustee Enters Talks with Kraken

Mt.Gox Rehabilitation Trustee Nobuaki Kobayashi has signed a memorandum with Payward Inc, the company which operates Kraken. The parties will engage in good faith discussions regarding the Civil Rehabilitation Proceedings. The memorandum is non-legally binding, and non-exclusive. If the discussions go well, My.Gox may end up distributing its funds through Kraken. Mt.Gox is extremely under-staffed and riddled with issues to successfully execute the rehabilitation process on its own. (VS)

6 days ago

Money Lost In Exchange Hacks Is Up 250% This Year

With three more months to go in 2018, cryptocurrency exchanges have already lost $927 million from hacks. This number is up by 250% from entire 2017, which saw $266 million lost in total. Dave Jevans, the CEO of CipherTrace, which published the report believes that the real number is at least 50% higher because a lot of the hacks go unreported. CipherTrace monitored 350 million transactions and also determined that $2.5 Billion has been laundered through cryptocurrencies since 2009. 2018 saw the largest exchange hack in Crypto history, with Japanese exchange Coincheck losing $520 million. (VS)

6 days ago

Goldman Small Cap Publishes Research On AR Startup Lampix And Its PIX Token

The Goldman Small Cap Research team has published an analysis of Blockchain startup Lampix and Its PIX Token. Lampix is an augmented reality (AR) startup that uses blockchain for sourcing data to recognise and react to the world. Lampic has a market cap of just $1.6 Million. However, Goldman expects it to go up by 1,000% to $17.8 Million in 2020. Lampix (PIX) is currently priced at $0.01195, losing 0.29% in the last 24 hours. (VS)

6 days ago

Binance Announces that It Is Delisting Bytecoin, CHAT, Iconomi, and TRIG

Today, Binance has announced that it has decided to halt trading on all trading pairs of Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG). The exchange will delist the coins mentioned above on October 12, and their withdrawals will go on until November 12. The delisting is part of Binance’s periodic review of digital currencies that delists cryptocurrencies that do not meet set standards. The exchange firm has also changed its listing fee policy making all listing fees transparent. It has pledged to donate all proceeds from listing fees to charity. (KE)

7 days ago

U.A.E Plans To Legalize To ICOs

The United Arab Emirates (U.A.E.) has announced that it will allow companies to raise money through Initial Coin Offerings (ICOs). The new regulations will go live in 2019. Head of the U.A.E.'s securities watchdog, Obaid Saif al-Zaabi said draft rules are currently being formed with advisers from outside the country. Low oil prices and lackluster equities markets have slowed down the IPO market in the country, and UAE is considering ICO as an alternative for IPOs. If the new law comes into place, it would make UAE one of the very few countries around the world with clear ICO regulations. (VS)

8 days ago

TRON Update will make TRX 200 Times Faster Than Ethereum

On Monday, TRON quickly surged 8% and Justin Sun is standing by his claim that the upcoming update will make TRON cheaper than EOS and faster than Ethereum. Sun explained that the TRON Virtual Machine launch will give developers the opportunity to test smart contracts before transferring to the TRON mainnet. TRON investors are hopeful that the update and new business partnerships will add to TRX value as the altcoin currently trades at $0.027 after falling from an all-time high above $0.21. The latest version of the TRON protocol is called Odyssey 3.1 and the update will go live at 8pm SGT. (RS)

8 days ago

51% Attack Against Einsteinium (EMC2) To Be Live Streamed On Twitch

Most cryptocurrencies with low market caps face the risk of 51% attacks. A reddit user going by the name 'Team-periwinkle' has announced that they will perform 51% attack on Einsteinium next week and live stream it to Twitch. The user seems to have randomly chosen the coin, as it has a market cap of just $17.5 Million. The user has also expressed the desire to go after other coins and has claimed donations from users to fund these attacks. Einsteinium (EMC2) is currently priced at $0.08046, gaining 10.54% in the last 24 hours. (VS)

8 days ago

Third Round-Up of the Hackers Congress 2018

Adolfo Linares, a famous Libertarian lawyer from Panama and Pavla Holocova, an investigative journalist from Czech revealed that governments are against transparency under the claim of maintaining privacy. Vit Jedlicka, a Czech right-libertarian activist, proposed a voting system in which the amount of taxes a citizen pays would determine their power to vote. The system would incorporate a cryptocurrency named Merit. Nassim Nicholas Taleb, the author of The Black Swan, said that startups seeking trading advice should go with their opinions or those of losers turned winners. (KE)

8 days ago

McAfee Report Claims Cryptojacking Went Up By 86% In Q2, 2018

Security research firm McAfee has published its quarterly report, detailing the recent cryptocurrency threats. According to the report, Cryptojacking went up by 86% in Q2 2018. However, the growth is much slower than Q1, 2018 when cryptocurrencies were at their peak. The first quarter saw Cryptojacking go up by 629%. The report also noted that specific groups are being targeted. One malware targeted gamers in Russia and another targeted mobile devices in China and Korea. (VS)

9 days ago

Crypto.com to Unveil Crypto-Fueled Visa Debit Card by Year-End

Hong Kong-based Crypto payments platform Crypto.com is getting closer to delivering its crypto-fueled Visa debit card to the mainstream. Crypto.com will be unveiling the crypto debit card for crypto-to-fiat conversions soon. It has plans to ship 100,000 of them to customers around the world within the next couple of months. The first shipment will go to Singapore, where consumers can use the crypto Visa debit card to make purchases at local businesses. Kris Marszalek, who is at the helm of Crypto.com, is quoted in reports as stating: "To holders of cryptocurrencies, having the peace of mind that you can readily convert back into fiat currencies and cash out is very important." (GT)

10 days ago

TAU Coin Exchange Sets Release Date, Provides First Chance to Trade in Transactional Cryptocurrency

TAU Exchange has announced its launch date as October 18. The exchange will provide an opening to see what the TAU Coin is worth to the general public. The firm asserts that it has created 32,000 accounts thus far. TAU Coin seeks to be a transactional cryptocurrency option with its proof-of-transaction (PoT) technology. PoT is incentivized and hence different from PoW and PoS. In PoT agreement, no perks go to accumulating wealth and hardware. The TAU Coin will only be paired to Bitcoin. (KE)

10 days ago

Ethereum Constantinople Update Has Been Delayed

Ethereum developed Peter Szilagyi announced that Ethereum Constantinople update has been delayed. The update was set to go live on the Ropsten Testnet on October 9th. Szilagyi blamed Denial of Service [DoS] attack on Ethereum Virtual machine for the delay. The update has now been pushed to block 4230000, resulting in a delay of approximately 5 days. Constantinople is expected to be rolled out on the mainnet after Ethereum Devcon 4 event in early November. Ethereum (ETH) is currently priced at $221.66, losing 0.86% in the last 24 hours. (VS)

11 days ago

A Bitcoin Scammer Has Been Deported to South Korea by the Filipino Authorities

According to a Manila Bulletin report, the Filipino authorities have deported a Korean citizen for alleged involvement in a Bitcoin fraud scandal. The Bitcoin fraudster called Go Yongsung is said to have been working with five other individuals to steal over $33m from citizens from Korea. These fraudsters reportedly had a pyramid scheme where citizens were enticed to buy Bitcoins that were not existent. These fraudsters had promised the Korean citizens to reap big profits from this investment. Currently, the Filipino police reportedly are looking for the rest of the scammers. (KE)

11 days ago

Mining Chip Manufacturer is Betting on ETH Staying as a Proof of Work Algorithm

Although the talk coming from the Ethereum Alliance points to the future of ETH being a proof-of-stake coin, there are a number of startups betting that it will remain on a proof of work algorithm for the foreseeable future. Chen Min, the CEO and founder of Shenzehen-based Linzhi, an ASIC mining chip manufacturer, has recently invested $4 million in developing the most advanced ASIC mining chip specifically for ethereum. With many difficulties and issues related to PoS systems, it remains to be seen what direction ETH will go in the future. (JF)

12 days ago

Tezos Foundation Announces 3 Grant Winners for Mobile App Development on the Network

After all the trouble the Tezos project caused in the year after its ICO, the team appears to be making up for lost time. The Tezos Foundation announced on Twitter that it has issued a trio of grants designed to help developers create mobile apps and wallets on the Tezos network. The grants go to mobile development startup Ackee with dual headquarters in Prague and Berlin, Swiss-based Papers and its AirGap crypto wallet, and Tezos ecosystem contributor Luiz Milfont. Tezos is currently trading fractionally lower at $1.30. (GT)

12 days ago

The U.S. Federal Election Committee Considers Request to Mine Cryptocurrency for Political Campaigns

Osia Network, LLC, recently made a request to embed cryptocurrency mining tools on the FEC website and the U.S Federal Election Committee (FEC) is considering whether or not mining profits could be used to support political campaigns. The company is essentially searching for volunteers who would designate a portion of their computing power to mining and while the money would not go to the volunteers, they would able to direct them toward a political candidate of their choice. OsiaNetwork would also take a portion of the mining profits as compensation for their services. Currently political committees can accept bitcoin donations that do not exceed $100. (RS)

13 days ago

TransferGo Announces Free Cross-Border Payment Between Europe And India Using Ripple

At the Swell Conference, global payment and settlement company TransferGo praised Ripple's seamless technology. At the same event, the company announced its new product, TransferGo FREE which, as the name suggests, will allow global transfers for free. The company has reportedly saved over $25 Million in fees for customers. To start with, the company has opened up a corridor between India and Europe using Ripple's xCurrent. Using Ripple's services has helped TransferGo's transactions go up by 315% last month. (VS)

13 days ago

Is the Bitcoin-ETF Hype Returning?

Over the past week the premium on a Bitcoin financial instrument operated by Grayscale Investment has dropped by 10%. According to Lucid Investment President, Tyler Jenks, Bitcoin Investment Trust (GBTC) has dropped because of a general drop in the price of bitcoin and an investor led shift from GBTC to the Bitcoin exchange-traded funds (ETFs). Jenks explained that “In the past, this would be a screaming buy. Not this time. Either Bitcoin is about to go much lower, and / or, big money is betting on a new Bitcoin ETF.” GTBC now has many competitors that provide custody solutions and allow clients to trade bitcoin without a premium. (RS)

14 days ago

Nigel Green Believes FOMO Will Boost Bitcoin's Price

Speaking at the DELTA Summit in Malta, Nigel Green, the founder, and CEO of deVere Group said the Crypto market will go through a bull run soon. This time, the growth will be due to Fear Of Missing Out (FOMO) by both retail investors and large institutions. Green pointed out that adoption is at an all-time high, and other cryptocurrencies will also benefit from it. Recently, he predicted that Ripple would cross $1 this year as more banks start using its products. Green also praised Malta's Prime Minister for promoting blockchain and making the country a hub for emerging technologies. (VS)

14 days ago

Equity Analyst Says Bitcoin Will Not Challenge Gold as Safe-Haven Asset

Despite what crypto proponents may think, Morningstar Research Services’ Analyst Kristoffer Inton doesn’t predict bitcoin replacing gold as the safe haven asset preferred by those wishing to maintain the value of their money. The firm came to this determination based on a framework they created to grade any asset classes viability as a safe haven by focusing on liquidity, functional purpose, scarcity of supply, future demand certainty, and permanence. Inton did indicate that, when it comes to cryptocurrencies, he would go long on bitcoin and feels it will be the online equivalent of “digital gold.” (JF)

15 days ago

Andreessen Horowitz Claims Crypto Is Giving Power Back To The People

Kathryn Haun, a former federal prosecutor at the US Justice Department (DOJ) and currently the general partner at venture capital firm Andreessen Horowitz spoke about cryptocurrencies and the blockchain projects they are invested in. According to Haun, Cryptocurrencies is all about giving the power back to the people and is beyond boundaries. Cryptocurrencies have the chance to bring the 2 Billion people who are currently unbanked to the banking system. However, she added that Cryptocurrencies have a lot of problems to solve, like Scaling, custody, and security before they can go mainstream. (VS)

15 days ago

WhalePanda Discusses Cryptocurrency Markets and the Future of Bitcoin in an Interview with Forklog

The popular cryptocurrency trader, WhalePanda, recently discussed the future of Bitcoin. In an interview with Forklog, the Bitcoin crusader also addressed the challenges facing the cryptocurrency industry. He said that although he supports the full anonymization of the blockchain networks, he fears that this will bring issues with the AML/KYC measures proposed by the regulators. When asked about the potential risks Tether could pose to the market, WhalePanda argued that the cryptocurrency market would definitely be disrupted if the regulators go after Tether. (KE)

15 days ago

LiquidEOS Uses CloudFlare's New IPFS Web Protocol to Host EOS dApps

The team from LiquidEOS recently announced a project being built using IPFS, Cloudflare’s new web protocol, that hosts EOS dApps on a decentralized file system, making the dApps even more decentralized. The new platform is called ‘the dApp Network,’ and will give users access to dApps that will never go offline. Developers benefit from this set up by having to pay lower hosting costs. Aside from using IPFS, which is a peer-to-peer distributed file system, the other functions will operate as usual, on the the EOS blockchain and accessible through a browser. (JF)

16 days ago

The Future For ICO Markets Looks Bleak

After the ICO craze of 2017, most of the projects have either failed to deliver or were outright scams. The trust in ICOs has gone down significantly, and investments reached a new low in September. Some crypto companies now look for VC investments instead of having to go through with an ICO. Like the traditional investment markets, the ICO market now favours the wealthy private investors. Regulations have also made it harder for companies to raise money in multiple jurisdictions. The future for ICOs looks bleak, as we see the investments dry up. (VS)

16 days ago

Bitcoin Cash (BCH) Set to Register More Gains

Bitcoin Cash gained traction this past week and surged from the $400 support level and went above the $450 and $500 resistance levels. The coin traded as high as $592 before it started a downside correction. The correction was below the 23.6 Fib retracement of the last wave from the $424 low to $592 high. The 50% Fib from the $424 low to $592 high and the $500-510 range acted as supports. As at the time of writing, at 5:00 AM UTC, BCH is trading hands at $528.67. If BCH upswings again, it will go above $550 and revisit the $600 level. (KE)

16 days ago

Cardano Gains 11% On Kraken Listing

Popular cryptocurrency exchange Kraken, which saw a volume of $170 Million in the last 24 hours announced that it is set to list Cardano (ADA) on its platform soon. On the wake of the news, ADA went from $0.078 to a peak of $0.88, gaining more than 11%. However, right now, the price has come down by a bit and is currently at $0.083. The 24-hour trade volume has more than doubled, going from $55 Million to $130 Million, and nearly 50% of it was on Binance. The listing on Kraken is expected to go live later today. (VS)

18 days ago

Fundstrat's Tom Lee Claims Ethereum Will Reach $1,900 By End Of Year

In a recent interview with Bloomberg, Tom Lee, Fundstrat's research chief has predicted that Ethereum would reach $1,900 by the end of 2018. Ethereum (ETH) is currently priced at $224.40, gaining 4.6% in the last 24 hours. For Tom Lee's prediction to come true, Ethereum would have to go up by 750% in just three months and it seems very unlikely. However, according to Lee, the Sentiment for Ethereum is overly negative right now and is about to stage a trend reversal for a strong rally. (VS)

18 days ago

OOOBTC Enables Atomic Cross Chain Transactions

OOOBTC, a crypto exchange based in Singapore, has announced that it enables atomic cross chain transactions. This is in a bid to enhance customers' fund security together with reducing the risk of losing money. To do this, it allows users to use Smart Contracts with hash time lock functions to ensure no user cheats in the contract process. OOOBTC spokesperson stated that although the atomic swaps provide a solution, it can not end centralised exchanges as the crypto space is still in its infancy stage. He further said instead of it being tech-friendly, it is user-friendly; something that should go hand in hand. (VK)

18 days ago

CFTC Cleared to Proceed With Case Against 'My Big Coin'

The Commodity Futures Trading Commission (CFTC) has received the go ahead from a US district judge to proceed with a case against the company ‘My Big Coin’ (MBC) and its founder Randall Crater. The CFTC has accused the company of defrauding investors of more than $6 million through a series of fraudulent fundraising activities. MBC attempted to have the case thrown out by claiming that its product is not a commodity, therefore the CFTC has no jurisdiction. Despite unclear laws surrounding cryptocurrencies, the judge rejected these arguments and ruled that the CFTC can continue with their case. (JF)

19 days ago

Crypto Bear market May Trigger A Series Of IRS Audits

According to CNBC, a very small percentage of investors in the US declare their Crypto profits. While IRS has been lenient on previous years, this year, they've warned investors that they'd go after them if they do not file it. But things can get ugly with the recent bear market. Cryptocurrencies have gone down significantly from their peak in December 2017, and most investors are expected to file losses. With a large number of losses, the IRS may randomly audit cryptocurrency investors to ensure no wrongdoing. Sarah-Jane Morin, a partner at national law firm Morgan Lewis & Bockius recognizes that calculating crypto profits is hard. However, it is the trader's responsibility to do so. (VS)

19 days ago

Ripple's Product Was a Game Changer for Its Customers Says Cory Johnson

Cory Johnson, the Chief Marketing Strategist at Ripple Labs recently spoke about Ripple’s advanced cross-border payment solutions and differences from the existing systems at the MI Global Summit. He said that Ripple was 100% focused on making payments faster and allowing banks and financial institutions to transfer money across the border in less than a minute or two for basis points. He gave the example that people in Mexico saw the cost go down from 400 basis points to 40 basis points and transfer time reduce from three to four days to two minutes. In addition, he also proudly said that features like transparency and predictability provided by Ripple were also differences from Swift. Ripple is now trading at $0.53, up 7.02% in the last 24 hours. (RL)

19 days ago

OKEx Exchange to Support MEET.ONE’s Move to EOS-Mainnet

OKEx, which is the No. 2 cryptocurrency exchange based on trading volume, announced on Twitter it will support MEET.ONE’s migration to the EOS mainnet. The original ERC-20 coins will automatically be converted to the EOS-based tokens, the exchange said. MEET.ONE, which is up 4% today, is also one of the maiden EOS-based coins to go live on BancorX. In mid September, MEET.ONE announced its wallet was available in the App Store. (GT)

20 days ago

Binance CEO says "The Bull Market will Return in any Minute"

Last week, in an interview with CryptoGlobe, Binance CEO Changpeng Zhao said he believes that “decentralized exchanges are the future but it’s going to take a few years to get there.” CZ pointed out that the majority of money that enters and exits crypto is continuously in fiat “so the sweet spot is actually to do the crypto-to-fiat exchanges.” When asked about the next crypto-bull market, CZ suggested that the “bull market will return, and historically, October to December are the good months. Before Christmas are usually the months when the markets go up very often.” (RS)

20 days ago


News courtesy of berminal.com
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