Santiment Network Token SAN

$0.1908
Market Cap $ 11.957 MM (#190)
24h Volume $ 306.751 K
Chg. 24h: -3.37%
Algo. score 3.6/5  (#152)
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Santiment Network Token News

We have an $ETC event upcoming! "Hashing, Mining, Oh My!" -...

We have an $ETC event upcoming! "Hashing, Mining, Oh My!" - by #ETCLabs San Francisco @antsankov & others will b… https://t.co/15bCri9LDD

17 hours ago

It's party time! 🎉 Come mingle with the #TRON team and the b...

It's party time! 🎉 Come mingle with the #TRON team and the brightest minds in the blockchain industry in San Franci… https://t.co/nxKYCV5yOE

a day ago

PayPal Seeks to Incentivize Employee Innovation by Launching a Blockchain-based Reward System

PayPal recently launched a blockchain-based reward system for its employees in San Jose, California. The platform was presented in mid-November and it distributes tokens to employees who participate in innovation workshops and regularly contribute ideas. The tokens are distributed and exchanged internally in a “public ledger” and employees can “like” and “comment” on all the activity they observe within the PayPal ecosystem. Employees can also exchange the tokens for more than 100 “experiences” that are offered by the platform. Some experiences are enjoying a coffee and trail run with CFO John Rainey, practicing martial arts with CEO Dan Schulman, or even borrowing a top manager’s dog for a day. (RS)

2 days ago

Olymp Capital Buys into WOM Initiative to Introduce Word-of-Mouth Marketing into the Blockchain

Earlier today, Olymp Capital, an Alternative Investment Fund (AIF) manager announced that it has invested in Berlin-based Yeay GmBH, a word-of-mouth blockchain marketing platform. Through the investment, Olymp Capital will work with Yeay’s WOM Token Ltd. to develop a monetization platform for word-of-mouth recommendations. WOM promises a revenue stream to brands, content creators, publishers, and social networks without a single party profiting from the value they create. Through this investment, Olymp Capital has joined Advanced Blockchain AG, Nakamoto, and San Francisco-based West in underpinning the WOM project. (KE)

2 days ago

Daily Cryptocurrency News - 4th December 2018

Here are the most important cryptocurrency news from December 4th, 2018: Singaporean TRIVE Ventures launches blockchain program Tribe Accelerator With ICON Foundation Today, on 4th Dec, Singapore based venture capital firm Trive Ventures declared the launch of its blockchain accelerator, Tribe Accelerator. Enterprise Singapore, a Government agency of Singapore which developed the various start-ups by connecting them with several agencies and big firms, is supporting the new program to boost the Blockchain Technology. Through its program, Tribe plans to create more noteworthy public awareness of the advantages and relevance in the daily usage of DLT (distributed ledger technology) via the utilization of dApps (decentralized applications) or backend digital solutions. As per the organization’s declaration, this program will be created together with ICON Foundation in South Korea and Venture Hub, an auxiliary of PwC Singapore. With the aim of expanding the Blockchain Innovation adoption throughout Asia, Tribe Accelerator will offer various support to startups in this area. One of the main objectives of the program is to enable Blockchain startups to solve everyday problems. This program will not only serve Blockchain companies but also aims to provide the platform for traditional companies and government agencies to work together with other upcoming blockchain projects. Eight start-ups will join Tribe’s underlying venture. They will access business tutors, technical help, technical talent, comprehensive introduction through the progression of web contents and a worldwide demo visit. The partner of TRIVE Ventures, Yi Ming Ng said, “Blockchain technology is fundamentally changing the way things work globally, with companies from numerous industries having already adopted blockchain technology and many more expected to be in the coming years.” The program will officially launch in early 2019, after which the new companies will join a worldwide demo visit crosswise over Singapore, South Korea, and Japan, among different goals, to exhibit and market test their undertakings. CFTC mentioned Ethereum Co-Founder Vitalik Buterin in its newly released report Recently, the Commodity Futures Trading Commission (CFTC) has issued a 32-page report on blockchain-based smart contracts which includes the uses, risks, and challenges of smart contract. The US CFTC has dependably been profoundly worried about investigating wrongdoings and injustice against the American individuals and watches out for the digital currency. A report is basically a training tool for financial specialists, policymakers, and controllers. As per CFTC’s definition, smart contracts are a set of coded PC functions that can self-execute activities dependent on benchmark being satisfied or unsatisfied. It isn’t really a legally binding contract. These smart contracts can likewise be utilized to transfer digital assets or digital currency. The CFTC also defined three main attributes of the smart contract which are following: A smart contract can confirm or counterparty, claims of right and asset ownership It can allude to or can access outside data or information that it requires to trigger activities. The smart contract can robotize the way toward the process of executing exchanges. The report likewise referred to some different perspectives while characterizing smart contracts. About Ethereum’s Vitalik Buterin, the report expressed: “A smart contract is a mechanism involving digital assets and two or more parties, where some or all of the parties put assets in, and assets are automatically redistributed among those parties according to a formula based on certain data that is not known at the time the contract is initiated.” As per the CFTC, smart contracts have a few possible favorable circumstances, for example, institutionalization, security, economy, speed, the certainty of execution, regulatory development and business advancement. The potential disadvantages that are recognized are those identified with tasks, innovation, misrepresentation, and control. The record additionally reports possible speculative use cases and extremely broad instances of prohibited activities. ETCDEV shuts down due to the financial crisis Igor Artamonov, Founder and Technical Director of ETCDEV, the development team of Ethereum Classic (ETC) announced today that it is discontinuing its operations. He tweeted that the firm is regret to inform users that they are shut down ETHDEV’s activities immediately. He also confirmed that the company was struggling with funding and due to the market crash, the firm experienced cash shortage and thus cannot continue the operations. Also, the company tried to pull-in the investors within the community and externally too but nothing comes-up according to their needs. He twitted, “Unfortunately ETCDEV cannot continue to work in the current situation and has to announce the shutdown of our current acti

7 days ago

ICON Foundation Announces Its New Accelerator Initiative in Singapore

The ICON Foundation recently announced a new accelerator initiative with TRIVE Ventures and PwC Singapore’s Venture Hub. The Tribe Accelerator (TRIBE) will also be the first blockchain accelerator backed by Enterprise Singapore, the leading government agency dedicated to startups. Helping Later-stage Blockchain Companies The TRIBE accelerator will be primarily supporting later-stage blockchain companies in Asia, helping to drive mass adoption of blockchain technology through real use cases. The program will open twice in a year, each for six months. The startups enrolled with the program will be provided “comprehensive support from business consultancy to technology advisory.” In addition to this: “TRIBE will function as a platform where enterprise partners and government agencies can collaborate and create synergies for blockchain projects coming onboard.” ICON’s Singapore Launchpad ICON will operate the Singapore Launchpad through TRIBE. It will follow in the footsteps of ICX Station launchpads in San Francisco, Tokyo, and Seoul. ICON wrote: “We truly believe TRIBE will play an important role as a gateway for new startups to utilize ICON’s technology to pursue the disruptive potential of blockchain technology.” ICON and TRIVE Ventures collaborated previously in May when ICON helped in co-developing blockchain courses for TRIVE’s programming schools - Coder School Vietnam and Upcode Academy Singapore. This time, ICON will be the technical partner in the new venture, helping startups transform blockchain-based ideas into real-world products. TRIBE’s aim is to help generate more public awareness of the relevance and advantages of blockchain technology which could be realized through backend digital solutions and decentralized applications. The first batch of the program is expected to start with eight startups. The venture will officially kick off in the first quarter of 2019, followed by a global demo tour of Japan, South Korea, and Singapore for the incubated startups. This tour will help startups with testing their solutions in real markets and learning best practices. ICON Foundation Announces Its New Accelerator Initiative in Singapore was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 days ago

Ripple Chief Market Strategist says Ripple is Centralized but XRP is Certainly Decentralized

Cory Johnson, the chief market strategist at Ripple, recently made some interesting comments as he spoke at a CryptoMonday’s panel in San Francisco. Johnson remarked that “the price of XRP has fallen dramatically over the course of the year, and yet the company Ripple is doing better than ever before.” He also mentioned that the sales cycle has increased from one new customer every six weeks to two new customers per week. According to Johnson, Ripple now has over 150 banks and large financial institutions using Ripple products and this marks “a real divergence between the price of the digital assets and the adoption of the blockchain.” Regarding Bitcoin maximalists, Johnson said “Ripple is not decentralized. Ripple is a company with a CEO and a board of directors [but] we control 5% of the validators for XRP [so] how can XRP be centralized?” When asked whether centralization and decentralization is an issue Johnson replied, “I don’t think we’ve lost a single potential customer over this discussion.” (RS)

8 days ago

Vertcoin (VTC) 51% Attacked, $100,000 Lost via Double Spend

The Vertcoin (VTC) network was successfully 51% attacked, and a large reorg happened that cost them more than $100,000. We have already seen weaker blockchain platforms like Bitcoin Gold (BTG), Verge (XVG), and ZenCash being hit with 51% attacks in the recent months. Vertcoin (VTC) 51% Attacked And now, we have the Vertcoin going through the same fate again. Moreover, an interesting part is that San Francisco-based crypto exchange, Coinbase has given an official statement on this attack, claiming that the Bitcoin-like networks (or forks of BTC) are weaker and less secure. This may be why Coinbase did not list Vertcoin, whereas, competing exchanges including Binance and Bittrex have listed it. Vertcoin 51% Attacked A 51% attack was performed on the Vertcoin blockchain on 2nd of December, and double spending happened, costing the network to lose more than $100,000. It was reported that a large amount of ASIC hash was rented to orchestrate this attack. Successive reorg on the blockchain was performed. Vertcoin went through repeated reorg going as deep as 307 blocks. Vertcoin Against ASICs Proving to Be Insecure The Vertcoin algorithm is designed to be ASIC-resistant - in order to make the mining more decentralized. So anyone with a graphics card can easily mine Vertcoin. The drawback of this, however, is that such a network can be attacked by anyone having a standard graphicss card, unlike other ASIC coins such as bitcoin (BTC) - which require ASIC mining equipment to perform 51% attacks successfully (even they it may be practically impossible to do so on the BTC blockchain). Coinbase Making Use of this Opportunity Coinbase came out with a detailed article about this attack in an official blog post, criticizing the Bitcoin-like Networks that are clearly vulnerable to attacks. Coinbase was targeting its competitors who have listed Vertcoin. The US-exchange may have taken advantage of the situation to inform people about other exchanges that have listed insecure coins. Advice to Investors Experts have always advised investors to be cautious and keep away from low cap coins, as they are vulnerable to 51% attacks. But investors go after those coins for making quick money. These coins, if invested in without prior research, can lead to a loss of funds. Therefore, it is better to invest in a more secure and reliable blockchain network like Bitcoin (BTC) - which is the most secure network in the entire blockchain ecosystem. Millions of dollars and electricity are required to attack the Bitcoin network, and it is also logistically highly infeasible. The post Vertcoin (VTC) 51% Attacked, $100,000 Lost via Double Spend appeared first on Crypto Core Media.

8 days ago

Zcash Is All Ears Over Coinbase Privacy Concerns

Cryptographic technology has advanced in 2018, bringing the crypto community closer to “privacy for everyone,” according to a recent presentation by Zcash founder Zooko Wilcox. Considering that the Zcash cryptographers “pioneered the use of zero-knowledge proofs,” with Zcash representing the first application for the technology two years ago, it’s fitting that ZEC has become synonymous with privacy. But now that Zcash has scored a listing on KYC-compliant U.S. exchange Coinbase, you may be wondering if your transactions are truly anonymous, unlike the Bitcoin protocol from which ZEC got its start. The notion that there was a tradeoff isn’t too far-fetched. Dovey Wan, who is the founding partner of crypto investment fund Primitive Ventures, said in a tweet she has asked the Zcash founder numerous times, “why not remain anonymous since inception?” and “why seek [an] enormous amount of compliance for a privacy coin?” The answer became apparent when Coinbase decided to list ZEC, which will help the currency achieve mainstream status. And perhaps the crypto community has had a shortsighted view of privacy all along. As Wilcox tweeted: Privacy isn’t about isolation — it’s about community. But with consent. You get to choose who’s watching when you let down your hair. You get to choose who’s around the table when you tell your story. Privacy is about consent. Privacy and Crypto Go Together Like Chocolate and Peanut Butter Zcash gets its privacy from the zk-SNARK technology. To appreciate how important privacy has been not only to the Zcash community but crypto in general, it helps to go back as early as 2013 when privacy was among the chief motivations for Bitcoin developers. Privacy was the defining feature in projects like Zerocoin, but the technology was too cumbersome to make its way into a vital Bitcoin upgrade. Meanwhile, at the 2013 San Jose Bitcoin conference, the scientists behind the SNARK tech met the scientists behind Zerocoin, leading to a collaboration that Zooko compared to when “chocolate goes well with your peanut butter.” The new pairing “solved the problem of transaction times,” Zooko explained in a recent podcast. Pulling a Rabbit Out of Your Hat zk-SNARKs are part of the knitting of the Zcash project, but even Wilcox once revealed that he wasn’t in the loop about zero-knowledge proofs and instead left that to his team of cryptographers. Since that time, Zcash has upgraded its mainnet to version 2.0, slashing the transaction times for zero knowledge proofs from 37 seconds to 2.3 seconds. Wilcox, the student, has become the master. zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” according to the Zcash website. It’s a proving system that adds an extra layer of privacy to the process that typically surrounds a BTC or ETH transaction, a layer of confidentiality that Wilcox suggests Satoshi might have included if SNARKs had been invented in 2008. While complex, the formula has a bit of magic to it that resembles pulling a rabbit out of a hat. The magician proves that there is no back door to the hat and then pulls a rabbit out of nowhere. You know there is a magician and a hat; even though you don’t know exactly where the rabbit came from, you can see with your own eyes that it is real. In a non-zero-knowledge-proof transaction, the BTC or ETH miner has access to the sender’s transaction history to prove that the funds are not being double-spent. But with a zero knowledge proof, the transaction is encrypted. A user presents the transaction in which they are looking to transfer some amount, but they don’t say how much. Consider the amount hidden inside a private envelope. The envelope transfers to the miner but it doesn’t say anything about the sender or the receiver. The content is hidden, but is accompanied by what Wilcox refers to as a “magic stamp,” which is the zero-knowledge proof. The miner then tests the magic stamp, which convinces them that the zero-knowledge proof is valid. If it weren’t, the sender would not have been able to produce this magic stamp. And in the end, the miner learns the meaning of “zero” behind zero-knowledge proof as they learn only the necessary information and nothing more to prove that the amount being transferred is in fact valid. Zcash and Monero Not surprisingly, Zcash and Monero, both of which are touted as privacy coins, have some key features in common. For instance, ZEC and XMR are both open source. Both coins are forks of other cryptocurrencies — Bitcoin and Bytecoin for ZEC and XMR, respectively. And both coins use mining-fueled proof-of-work algorithms for network validation — Equihash for Zcash and CryptoNight for Monero. And while the Zcash motto is “all coins are created equal,” perhaps that’s less so for privacy coins. The thing to remember about Monero is its popularity on the dark web where nefarious activities ranging from drug dealing to crypto-jacking hide. As Monero developer Riccardo Spagni once said

8 days ago

TRON Nearly Triples Ethereum’s Transaction Number and More Announced in TRON’s Weekly Report

Tron, one of the most actively followed blockchain protocols published its 46th weekly report of 2018 on Dec. 3rd, where the blockchain protocol brought to light what it had achieved during the previous week. The report touched on Tron’s single-day transaction number reaching a new milestone, its native token, the TRX was listed on another exchange, they were covered in the media a lot, and gained 4000 new followers. The weekly reports continue to show that Tron is gaining more ground, attracting more users to its platform, and inching closer to gaining widespread adoption. Market Data and Communities Tron continued to pile the pressure on competitors after making a new record of its transaction number which reached 1.84 million, nearly tripling Ethereum’s transaction number sitting at 670,000. After Nov. 10th, Tron marked a new milestone after single-day transaction number over the whole network reached 1.36 million, surpassing Ethereum’s highest figure of 1.34 million reached during the bull market. After its MainNet launch, Tron’s TRX has been listed on several exchanges and in the past week, Coinsuper, a cryptocurrency exchange-listed TRX and added the TRX/USD trading pair. In the space of one week after the announcement of the Tron Accelerator developer plan, the online contest has been followed by more than 4,000 people and mentioned by 40 media agencies. In the developer community, two community moderators were recruited on Discord. TronStation, a web app that estimates energy and bandwidth on the Tron network, released a minor update. Justin Sun, the founder of Tron wrote an article on Weibo stating that 80 Dapps will be launched on Tron in the space of one month. Tron is expected to grow by 400% in December. Development and Partnership Cobo Wallet is working with Tron to strengthen the development of Tron’s ecosystem. Math Wallet, a secure cross-chain wallet has added support for Tron’s MainNet. TronDice, one of the leading and popular games on Tron’s network was launched on Cobo Wallet’s newest version. SpiderStore and Tron have forged a deep partnership allowing Dapps built on the Tron network to be found on SpiderStore’s discovery section. Tron confirmed that Sam Harrison, a managing partner at Blockchain will speak at the 2019 niTron Summit in San Francisco - the same event where the winners of the Tron Accelerator plan will be announced. DappRadar, a leading tool in Dapp market and data analysis has listed Tron’s Dapps and tracking related data. Tron is now a verified member of Binance’s Binance Info, a blockchain data platform that enables users to get timely and real-time information about various projects. Tron’s technical development team completed the addition of database-related unit test, the testing of Transfer Token and tokenBalance functions, and the increase of the Token name duplication mechanism. The team is still working on optimizing the logic of the synchronization module. TRON Nearly Triples Ethereum’s Transaction Number and More Announced in TRON’s Weekly Report was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 days ago

Human interest in Bitcoin is booming despite the dipped values

There is a great deal of negativity in the cryptocurrency market at the moment; the negative prices following Bitcoin’s plummet often results in the attitudes traders and investors turning sour too. Not all is bad news, however. According to a recent conducted by Glassdoor Economic Research, the number of job opportunities in cryptocurrency has swelled despite the turn over the year. The research outlines how the growth in careers related to Bitcoin has expanded in contrast to the dipping price. Glassdoor stated: “As of August 2018, we found 1,775 unique blockchain-related job openings in the United States. By comparison, at this time last year, there were only 446 similar job listings, representing a 300 percent year-over-year increase.” A chart with the findings pits the price of Bitcoin compared job listings. Further exploration shows that the top US locations for cryptocurrency job opportunities are New York, San Fransisco, and San Jose while the top countries (excluding the US) are London, Singapore, Toronto, Hong Kong and Berlin. Glassdoor found that engineers and science roles in the careers are the most widely offered and make up some 55% of the jobs in the space with software engineering in particular accounting for 19% of the job listings. The companies related to the space growing in job listings are often startup companies who are hoping to expand quickly. The top two tied for the most job listings are Consensys and IBM. Following these two are Coinbase, Figure, and Kraken respectively. On the financial side, Glassdoor found that, on average, Bitcoin related jobs are far better paid compared to the average US Median salary - by almost 62% - and the median Bitcoin job salary hovers around $84.884 USD. Glassdoor concluded their results with a note of positive insight into the industry; offering that the industry seems to have a strong hope for the future if its investing in human resources, despite what the market trends are showing. The post Human interest in Bitcoin is booming despite the dipped values appeared first on Coin Insider.

8 days ago

Bitcoin Jobs Continue to Rise Despite the 2018 Bear Market

The crypto bear market has seen the billions of dollars in valuations evaporate within the past 6-8 months. Most Tokens are now at or below ICO price, and the rate of new ICO’s have dramatically decreased due to an increase in regulatory scrutiny and an overall lack of confidence in the market. However, despite all this, Glassdoor reports that Bitcoin and Blockchain related jobs have risen by as much as 300% from August 2017 to August 2018. Source: Glassdoor Economic Research (glassadoor.com/research), CoinMarketCap As shown in the chart, Bitcoin/Blockchain jobs around August were just 446. During peak Bitcoin prices, they rose to 748. Despite more than a 70% drop in price from January to August, the number of jobs grew all the way to 1,775. Other interesting statistics show that 19% of the blockchain job listings were for software engineers, and the median salary for blockchain-related job openings was $84,884 per year. This is $32,423 or 61.8 percent over the US median salary of $52,461, according to Glass door’s August 2018 Local Pay Report. Furthermore, New York City and San Francisco, respectively, represent a disproportionate share of blockchain-related jobs at 24 percent and 21 percent of total job openings. San Jose (6 percent), Chicago (4 percent) and Seattle (4 percent), also known for their financial and technical expertise, round out the top five cities for blockchain job openings. In total, these cities account for 59% of open blockchain related jobs in the US. Growing awareness One of the main reasons why jobs may have grown too rapidly in the past year was because of the amount of attention that was focused on Bitcoin and blockchain technology while prices were at an all-time high. The constant news of Bitcoin breaking record prices caught the eye of hungry investors, but also caught the eye of developers, lawyers, marketers and other professional interested in pursuing new career opportunities in a fast-growing space. Even as the prices began to decline rapidly, these professionals still flocked to space because they held a much more long-term view of building a career in blockchain technology, as opposed to just buying and selling coins to make a quick profit. This leads me to my next point. Builders vs. speculators The people who have been drawn into the crypto space in the past year primarily fall into two categories: Builders and Speculators. Speculators represent the retail and sophisticated investors who view crypto as just another asset class to diversify their funds and make short to long-term profits by longing or shorting the market. Most of those people showed up when Bitcoin was approaching 20,000. Their numbers have declined due to the fact that the majority of them were burned by buying tokens at the wrong time, or invested in failed ICO (ironically, Bitcoin trading volume has actually reached $1.2tillion this month, which may have more to do with an increase in day traders entering the market, while long-term investors have stayed the same or decreased). Builders are the entrepreneurs, developers, lawyers, marketers and other professionals who are much more long-term focused. The reason why the job growth has increased despite us being in a bear market is that people who wish to build a career in blockchain technology anticipate its value increasing steadily over several years, and hope to establish themselves as experts in the space by the time it indeed becomes mainstream. Although speculators bring excitement and attention to the crypto space, builders are ultimately the ones who have worked and will continue working over many months and years to prove that the hype around bitcoin and blockchain technology is worth it. The post Bitcoin Jobs Continue to Rise Despite the 2018 Bear Market appeared first on CryptoPotato.

9 days ago

How to Buy Cryptocurrency

Cryptocurrency has been around for quite some time, but it’s safe to say that they made headlines in 2017 with their unprecedented rally. Here’s a guide trying to purchase Bitcoin or any other popular cryptocurrency. Leading the march was Bitcoin (BTC) 00, the world’s largest digital currency by means of market capitalization. It went on to reach a price upwards of $20,000 at the beginning of January 2018, from just about $750 the same time last year. Bitcoin and Ether, as a matter of fact, were the two top cryptocurrencies, as the latter reached a price of about $1,400 in January 2018, marking an even larger absolute price increase in terms of percentage compared to BTC, as it started the year at about $10. And while the market has decreased substantially ever since, digital currencies like Bitcoin and Bitcoin Cash remain an interesting field for many retail and institutional investors, as well as buyers and sellers. Below we take a look at the most common reasons people invest in digital currency and cryptocurrency, buy Bitcoin, as well as how you can start buying bitcoin and other digital currencies. Why Invest in Cryptocurrencies? It goes without saying that different people invest for their own reasons and, most of them, have to do with the simple desire to make a profit. However, there are several other reasons for which buyers and sellers, as well as investors, get involved in the cryptocurrency market. Some of the most common reasons include: Portfolio Diversification “Never put all of your eggs in one basket” is a saying that fits the investment world perfectly. When it comes to diversification, there are quite a lot of different approaches you can go about. Adding cryptocurrencies to your investment portfolio is one of the ways that you can balance it. It’s also worth noting that the industry is particularly different from traditional ones and it could substantially increase the potential of maximizing your portfolio’s overall growth. While the cryptocurrency market has currently entered a bear market and the prices are depreciating, the high volatility and the chance of massive gains upwards of 100% are still why a lot of investors are buying cryptocurrency in the first place. In fact, Bitcoinist recently compared the performance of Bitcoin to three traditional stock market companies - Amazon, JD.com, and iQiyi. It turns out that Bitcoin dwarfs all of them in terms of financial growth, outperforming even the most popular FAANG stocks over the years. Another great reason for buying cryptocurrency. Buying Cryptocurrency is Easier than Ever Before Regardless of whether you want to start buying Bitcoin and Ether, or any other cryptocurrency, it is now easier than ever. Naturally, as the prices increased and cryptocurrencies became a lot more popular and in demand, companies started to offer a range of different services which provide quick and easy access to the market. Hence, you can now buy bitcoin and ether using your credit card, debit card, gift cards or you can even purchase bitcoin with cash through physical Bitcoin ATMs or e-money kiosks. However, one must keep an eye out for cryptocurrency exchanges that take commission and transaction fees, which can vary greatly, especially when using a credit card or debit cards. Increasing Adoption It goes without saying that the cryptocurrency market as a whole is still at a very early stage. The abovementioned Bitcoin ATMs, now numbering over 4,000 across the globe, are still hard to come by compared traditional ATMs. However, it’s also worth noting that cryptocurrencies have been around for a relatively short amount of time and their popularity exploded only recently. Furthermore, numerous banks, institutions, countries and even governments have expressed interest in one of Bitcoin’s key component technologies, the blockchain, which suggests that cryptocurrencies are here to stay providing even more reason to purchase bitcoin. The Most Popular Cryptocurrencies What is the most popular cryptocurrency besides Bitcoin? Well, there are over 2,000 cryptocurrencies currently in existence and their market cap rankings can change day to day. There are also plenty of ways you can buy or sell them. However, in terms of popular cryptocurrency that have shown staying power, it’s safe to say that the top digital currencies by market capitalization are also those which people are most aware of. These include, but are not limited to Bitcoin, Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), Stellar (XLM), EOS (EOS), Bitcoin SV (BSV), Litecoin (LTC), TRON (TRX), Cardano (ADA), Monero (XRM), Ethereum Classic (ETC), and others. How to Buy Cryptocurrency on Coinbase Coinbase is currently the largest US-based cryptocurrency exchange on the market. It is headquartered in San Francisco. Buying cryptocurrency on the platform is fairly simple. The first thing you’d have to do is to sign up for a Coinbase account. This will provide you with a place to store yo

9 days ago

G20 Leaders Agree on Regulating Crypto-Assets in Line With FATF Standards

The 2018 G20 Summit held in Buenos Aires, Argentina from Nov. 30th to Dec. 1st has come and gone, but its resolutions may be in place for a long time to come. The G20 leaders signed a document pledging sustainable development and consensus building. Among a host of other things, the bloc leaders agreed to “regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.” Call for a Global Effort in Regulating Digital Assets The G20 declaration touched on the international taxation of cryptocurrencies, with a plan for the member states to continue to work together to seek a consensus-based solution to address the impacts of the digitalization of the economy on the international tax system with an update in 2019 and a final report by 2020. The leaders called for global efforts in regulating cryptocurrencies and curbing financial crimes such as money laundering and financing of terrorism. Germany, a member of the G20 bloc has been calling for international cooperation in regulating digital assets. The Financial Stability Board (FSB) released a report on Oct. 10th on the future implications of digital assets on financial stability. In the report, the FSB concluded that digital assets do not pose a threat to global financial stability at the moment because of its relatively small size. These sentiments are also shared by Jerome Powell, the chairman of the U.S. Federal Reserve. The market capitalization of the crypto market peaked at $830 billion in early January but has lost close to $700 billion since then, falling to just a little over $130 billion. However, the report noted that digital assets “raise several broader policy issues and vigilant monitoring is needed in light of the speed of market developments.” The report highlighted several FSB members were taking a range of approaches to regulating cryptocurrencies. The G20 declaration announced the appointment of Randal K. Charles as the chair of the FSB and would be deputized by Klass Knot. Keeping in Line With FATF Standards The Financial Action Task Force (FATF) was established in 1989 as an initiative of the G7 and develops policies for combating money laundering and terrorism financing. The G20 wants to “step up efforts to ensure that the potential benefits of technology in the financial sector can be realized while risks are mitigated.” While the FATF acknowledges that the legitimate use of cryptocurrencies offers several benefits, the agency thinks that digital assets present AML/CFT risks that include anonymity, limited identification & verification of cryptocurrency users, lack of a central oversight body, and lack of clarity and supervision in enforcing AML/CFT compliance. CipherTrace, a San Francisco-based blockchain security firm published a research report that shed more light on how the theft of digital assets and their use by criminals has “ushered in a new era of high-tech virtual money laundering.” The report further stated that cleaning crypto money is a complicated task that involves several steps. G20 Leaders Agree on Regulating Crypto-Assets in Line With FATF Standards was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

9 days ago

TRON Announces Accelerator Plan, $1 Million Prize Pool for Dapp Developers

The Tron Foundation announced on Dec. 2nd that it wants to continue fostering innovation in the blockchain industry by announcing an Accelerator plan in which participants have a chance to win a total of $1 million. In this contest, developers are tasked with building decentralized apps (Dapps) on Tron’s blockchain protocol. The accelerator plan also aims to attract more developers to the Tron ecosystem and make it bigger than its peers. Tron Contest and Awards The online contest was opened to developers on Dec. 1st, 2018, and will run until midnight Jan. 4th, 2019 (PST). A dedicated website, www.tronaccelarator.io was set up to allow participants to submit their work which will be reviewed by a committee of judges starting Jan. 5th next year. The $1 million at stake will be split over 56 awards with the first prize winner taking home $200,000. The second and third prize winners are entitled to $100,000 and $50,000 respectively. Eight special prize winners will each pocket $30,000 and $240,000 will be dedicated to this group of winners. 42 finalists will each walk away with $5,000. The winners of the competition will be announced at Tron’s inaugural summit - the niTRON summit to be held in San Francisco, USA. Tron Is Gaining Ground Tron is one of the most active blockchain protocols recently reaching 2,000,000 transactions and 700,000 registered accounts. Justin Sun highlighted this in a tweet: Today #TRON is writing #blockchain history with over 2,000,000 transactions and 700,000 accounts registered! This is just the beginning, more exciting news during #niTROn2019! Re-tweet and win a pass for the best Blockchain event of 2019. I will randomly pick 10 winners! — Justin Sun (@justinsuntron) December 2, 2018 In its recent Dapp activity weekly activity report, Tron noted that the number of transactions on its network had increased by 11 percent in the week. Tron further claimed that Ethereum and EOS developers are also moving are migrating to its blockchain protocol. To further the adoption of its blockchain platform, Tron recently announced Tron Arcade, a $100 million investment fund to support the development of blockchain games over the next three years. According to the announcement, Tron wants to “Empower developers to create and execute on their ideas, to introduce new games and content into an autonomous ecosystem, and to build a strong community of content and entertainment.” TRON Announces Accelerator Plan, $1 Million Prize Pool for Dapp Developers was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

9 days ago

Ripple Executive Says Asia Has ‘Biggest Appetite’

At a recent conference, Dan Morgan, an executive with Ripple, says Asia has the “biggest appetite” in terms of demand for XRP. 2018 has been a brutal year for cryptocurrencies. Bitcoin has fallen from its all-time high of nearly $20,000 back in mid-December 2017 to just over $4,000 today. However, Ripple (XRP) has actually had a pretty sterling year as it continues to make inroads into the worldwide banking system. At a recent conference, Dan Morgan, Head of Regulatory Relations for Europe, offered some opinions on what markets hunger for XRP. Big in Asia At the CryptoCompare & MJAC London Blockchain Summit, Dan Morgan was asked about what regions Ripple had the most presence in. He replied: It’s very early days, but we see the biggest appetite in Asian markets, in terms of demand, so remittance demand, whether it is corridors that are under-served because correspondence banking is too costly... So, we feel that there is demand. Liquidity, in terms of digital assets, most liquidity we have... is in Asian markets by some distance. However, Morgan didn’t say everything was perfect in Asia. He discussed the need for clarity when it comes to regulations that impact cryptocurrencies and blockchain. He said: Again, we see a number of pockets around Asia where they are further ahead that we are here... Thailand, I talked about. Obviously, Japan is another place ... So, you are absolutely right, it is Asia. I wouldn’t want to pin down exact markets... In Thailand, for instance, with that regulation, I think Siam Commercial Bank... is really active now in terms of settlements, digital assets activity. Ripple Going Strong XRP has dropped from over $3 at the beginning of the year down to 36 cents today. While the price has been woeful for those who bought it early in the year, Ripple has been making tremendous strides throughout 2018 on a different front. Ripple’s offerings, such as xRapid, have been doing extremely well. Each month brings a few more banks into their network, such as Banco Santander and Saudi Arabia’s National Commercial Bank. The San Francisco-based company is expanding greatly into the Middle Eastern market and has opened an office in Dubai. The company’s latest earnings report shows that XRP sales doubled in the third quarter of 2018 in comparison to the previous quarter. The company also flexed their payment remittance might by sending $50 million in just 2 seconds, and all for a mere cost of 30 cents. XRP is doing so well that it took over the second place spot on the cryptocurrency top ten chart from Ethereum. Currently, XRP has a market cap of $14.5 billion while Ethereum has $11.7 billion. What do you think about how Ripple is faring this year? Let us know in the comments below. Images courtesy of Shutterstock. The post Ripple Executive Says Asia Has ‘Biggest Appetite’ appeared first on Live Bitcoin News.

9 days ago

World Digital Asset Summit to Debut in the United States

CoinSpeaker World Digital Asset Summit to Debut in the United States Block72 and FBG Capital have announced dates for World Digital Asset Summit 2 (“WDAS2”), an annual summit designed to showcase the most cutting-edge and forward-thinking trends, technology and projects within the blockchain space. The three-day event will be held at the Hyatt Regency in San Francisco from December 9th to December 11th. It aims to explore the potential of the blockchain industry by bringing together investors, thought leaders, educators, legislators, and enthusiasts, as well as combine innovation with real-life applications. WDAS2 will host a collective of the most progressive, innovative, and pioneering individuals—not only those from the blockchain industry, but the world overall. The list of key speakers includes prominent leaders within tech, venture capital, media, and other areas. Olaf Carlson-Wee, Founder and CEO of Polychain Capital, Hao Wang, Vice President at Sequoia Capital, Balaji S. Srinivasan, CTO of Coinbase, Michael Arrington, Founder of TechCrunch and Partner at XRP Capital, Nathaniel Popper, New York Times Tech and Finance Reporter, and Brendan Eich, Creator of the JavaScript programming language and CEO of Basic Attention Token are amongst the 80+ notable speakers and presenters as part of the impressive WDAS2 lineup. The full list of speakers can be found on the WDAS2 website. The summit will feature over 30 panels and keynotes on topics such as “Traditional VCs Branching out into Blockchain”, “Asian Involvement in the Blockchain Market”, and “Regional Regulations”, among others. The event will also bring forward real-life applications relating to social improvement, gaming, and traditional enterprises, to name a few. Additionally, in partnership with DoraHacks, one of the world’s leading hackathon organizations, WDAS2 will host its own 200-person hackathon on December 11th to unite developers from around the globe to solve the most difficult and cutting-edge problems currently facing the blockchain industry. WDAS2 will focus on every aspect of the blockchain ecosystem, from investments and development to real-life applications. The intention is to showcase the brightest minds, ideas, and products that will shift the trajectory of our society and revolutionize the way the world views the blockchain industry. Organizers Block72, FBG Capital, and GBIC are proud and excited to unveil WDAS2 to the world, an event one year in the making. World Digital Asset Summit to Debut in the United States

9 days ago

Reports Say Coinbase Now Allowing Free Withdrawals to PayPal

Coinbase, the largest U.S. cryptocurrency exchange, is reportedly allowing withdrawals to PayPal with no fees. San Francisco-based Coinbase is the largest cryptocurrency exchange in the United States, and it appears that it is looking to increase its influence. Reports have surfaced that users in various countries can make withdrawals from their exchange account to PayPal for free. Coinbase Linking to PayPal Users of the exchange could link their account to PayPal by going through an identity verification process. However, withdrawing funds to one’s PayPal account was not free. Yet that appears to be changing. Reports have surfaced that users are receiving an email from the exchange stating that such withdrawals will now be free. It appears that this new function is only available in specific regions, such as the United States, European Union, United Kingdom, and Canada. It is also being reported that customers need to have received the email to enjoy the free withdrawals. No official announcement has been made by Coinbase as of yet. The email reportedly says: Starting today, you can link your PayPal and Coinbase accounts for faster withdrawals. There is no fee to withdraw funds to PayPal. To enable withdrawals, add PayPal as a linked account in Settings. Coinbase Staying Busy The crypto exchange has been a busy hive of activity lately. Back in October, they opened a new office in Dublin in order to expand their operation into the European market. They also received approval from the New York State Department of Financial Services (DFS) to allow Coinbase Custody to operate as a limited purpose trust company within the state. The exchange has also added a number of coins recently. October saw ZRX and the Circle-backed USDT stablecoin added. November saw the Basic Attention Token (BAT) and Zcash brought onboard Coinbase Pro. Finally, the company says that they have no plans to launch an IPO. COO Asiff Hirji says: We [Coinbase] were approached by some very high-quality investors earlier this year who have a very constructive thesis on crypto, and they wanted to invest in what they thought was the best name in the space. When that opportunity presents itself, you take it seriously. The company recently enjoyed a $300 million funding round and claims a total valuation of $8 billion. Did you get the email for free withdrawals to PayPal? Let us know in the comments below. Images courtesy of Shutterstock. The post Reports Say Coinbase Now Allowing Free Withdrawals to PayPal appeared first on Live Bitcoin News.

9 days ago

XRP/USD Price Analysis: Will the US SEC Comment on the Status of Ripple Token?

Latest Ripple News From recent events, the US SEC is definitely alert and “hunting”. Days after news emerge that the regulator had settled with Floyd Mayweather and DJ Khalid for promoting a security token, the regulator tried to issue a preliminary injunction against Blockvest. Read: FBI Arrests AriseBank CEO for $4 Million Crypto-Related Fraud However, their efforts were thwarted by a San Diego Judge, Gonzalo Curiel, who ruled after a series of court hearings and supporting documentations from both the coin issuer—Blockvest and the SEC—who sought to freeze assets and demonstrate that Blockvest were selling investment contracts and lying to investors that they had the approval of the SEC while illegally using the logos and seal of the CTFC and the National Futures Association (NFA)—that the latter did not supply compelling evidence to indict Blockvest. Wait, woah, court denies preliminary injunction in SEC v. Blockvest. Says test BLV tokens were not securities based on evidence b/f court. Reading opinion. More to follow. pic.twitter.com/sLlF62KfOY — Palley (@stephendpalley) November 28, 2018 Well, this is important especially for XRP investors. Remember, back in 2015 Ripple Labs was fined $450,000 for selling XRP without registering with FinCEN and for failing to implement KYC rules. Then again, Ripple-despite their attempts to implement a decentralization strategy—still holds a majority of XRP. Also Read: UK’s FCA Investigates 50 Firms Suspected of Unlicensed Crypto Operations So, it doesn’t matter if the plaintiff expects compensation or not, it all depends on the how the judge interprets the Howey Test and if investors were “expecting profits” for their “investment”. FinCEN already signed an agreement with Ripple Inc. allowing them to continue their XRP sales. If XRP is an unlicensed security then FinCEN now has to explain why they signed an agreement allowing the sale of said unlicensed securities. Never going to happen. XRP isn't a security — Richard Holland (@codetsunami) June 17, 2018 If it is found that Ripple and Brad Garlinghouse did sell XRP urging investors to expect profit, then the SEC won’t hesitate to swing the hammer, crashing hopes and dreams in the process. XRP/USD Price Analysis Weekly Chart At second, XRP/USD is steady to say the least. Though we retain a bullish outlook expecting prices to snap back and rally above 80 cents, week ending Nov 25 could pour cold water on our forecast. This is so because for conservative traders to load up then we must first see satisfactory gains above 40 cents and later 60 cents—marking Oct and Nov highs. Before then, bears are technically in control. Besides, the more prices gravitate towards 35 cents, the higher the chances of a break below 25 cents—or Sep 2018 lows. From the XRP/USD candlestick arrangement, we expect bulls to reign as long as prices are trending above 35 cents—the lower limit of our support zone. Daily Chart In this time frame it is clear that buyers are in charge and 35 cents is an important support level. We can notice this all because of the failure of bears to break below it despite numerous attempts. Furthermore, XRP/USD price action is still trending inside the high volume pin bar of Nov 25. Now, since we are net bullish on XRP despite recent lower lows, we shall consider every low a buying opportunity but ideally for assurance, we must see gains above 40 cents or the 61.8 percent Fibonacci retracement level of Sep high low. Once prices explode above this level, then our first bull target will be 60 cents and later 80 cents in line with our previous XRP/USD trade plans. All Charts Courtesy of Trading View Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision. The post XRP/USD Price Analysis: Will the US SEC Comment on the Status of Ripple Token? appeared first on NewsBTC.

9 days ago

Crypto Week In Review: Bitcoin ETF Talk Mounts, Nasdaq To Launch “Crypto 2.0” Futures

The crypto market at large sustained its turbulent price action this week, with Bitcoin (BTC) jolting up and down between key levels of resistance and support. However, in spite of the dreary price action, this industry’s participants kept their pedal to the metal, announcing a series of developments that piqued the interest of investors worldwide. So, as recently put by Anthony “Pomp” Pompliano, Morgan Creek’s in-house cryptocurrency insider: “Bear markets get rid of tourists so entrepreneurs can focus on building.” SEC’s Clayton Isn’t Ready To Green Light A Crypto ETF Since Bitcoin faltered in early-2018, investors in this nascent asset class have sought to find a light at the end of the tunnel. This light, as it turns out, is a U.S.-based, fully-regulated Bitcoin exchange-traded fund (ETF). But, as recently divulged by a commissioner from the U.S. Securities and Exchange Commission (SEC), the advent of a crypto-backed ETF might be nothing more than a quixotic dream, or at least for now. Speaking at Consensus: Invest on Tuesday, SEC incumbent Jay Clayton, who assumed office in May 2017, exclaimed that he isn’t ready to greenlight a Bitcoin ETF. Backing his somewhat inflammatory statement with rationale, Clayton brought up the lack of market surveillance in crypto markets. Blockchains may be predicated on a semblance of transparency, but in juxtaposition to this nature, the SEC decision-maker noted that there’s an evident lack of bonafide surveillance implementations on crypto platforms at large. Clayton then explained that investors expect that a commodity-backed fund is free from manipulation, alluding to his sentiment that Bitcoin is susceptible to questionable fluctuations on a group’s whim, or through actions executed by bad actors. Along with his fears regarding proper surveillance measures, the lawyer by trade also noted that while strides have been taken towards impenetrable custody solutions, these services purportedly remain vulnerable to unauthorized access. VanEck, SolidX’s Bitcoin ETF Team Meet With SEC Despite Clayton’s concerns regarding crypto-backed ETFs, the SEC recently released a memorandum that outlined a paramount closed-door meeting attended by representatives from VanEck, SolidX, and CBOE, the three firms behind the foremost Bitcoin ETF application. This recent event, which is the second of its kind, saw VanEck outline its proposed vehicle through a 62-part slide deck, breaking down the ETF to its core. Aiming to calm the SEC’s qualms with the cryptocurrency market, including fears that it’s rife low-liquidity, the ETF hopefuls touted the fact that the value of Bitcoin is “tightly linked” on spot and futures markets, apparently evidence that cryptocurrency is a “well-functioning capital market.” VanEck representatives went on to draw attention to the “resilience of Bitcoin markets,” claiming that the fixed supply, distributed, and secure nature of Bitcoin would disallow manipulation. VanEck went on to laud CBOE’s trading system, which the ETF would be based upon, for its speed, security, and ability to stay compliant with financial law, something that the SEC is likely seeking. No comments from the SEC were issued on VanEck’s slide deck, but many investors are hopeful that the attendees of the forum were pleased with what was presented. Nasdaq, VanEck To Launch “Crypto 2.0” Futures, Aims For Q1 2019 Launch On Tuesday morning, the crypto industry at large was rattled, as insiders reportedly claimed that Nasdaq had plans to launch a Bitcoin futures contract. Although the rumor was somewhat cast aside, with some skeptics calling the news “baseless,” at Consensus: Invest, VanEck digital asset strategist Gabor Gurbacs did his best to clear the air. On-stage, in front of a crowd of hundreds, Gurbacs officially revealed that VanEck was, in fact, partnering with New York-based Nasdaq to “bring a regulated crypto 2.0 futures-type contract” to market. However, like the Bloomberg report that originally broke the news, Gurbacs seemingly didn’t follow up the comment regarding the proposed product’s exact details. So due to the apparent secrecy, many quickly resorted to speculation, with some questioning if Nasdaq’s instrument would make use of ‘physical’ Bitcoin in custody, unlike CBOE and CME’s futures, but like Bakkt’s vehicle slated to launch in late-January. Then again, it isn’t clear if Nasdaq has plans to implement such a complicated feature, but seeing that the exchange is relatively blockchain- and crypto-friendly, physical backing isn’t out of the realm of possibility. Bloomberg noted that Nasdaq is planning to launch the proposed instrument in Q1 2019, which lines up with the planned release of Bakkt, Fidelity Digital Asset Services, and ErisX. It is important to note that the launch day is dependent on a green light from the U.S. Commodities Futures Trading Commission. DJ Khaled, Floyd Mayweather Fined By SEC In ICO Case On Thursday morning, after a cloud of legal action loome

10 days ago

U.S. Federal Judge’s Decision to Deny Preliminary Injunction Request From SEC Against Blockvest and Its Implications on Ripple’s XRP

A judge from San Diego has denied on November 27 a U.S. Security and Exchange Commission (SEC) motion for a preliminary injunction against Blockvest, in what appears to be the first federal decision where the defendant is a digital asset offered during an ICO. While the ruling could represent a big setback for the SEC, it is unlikely to affect its approach to the ICO market. The court decision document states that Gonzalo Curiel, the Judge in charge of the case at the Southern District of California, has previously granted twice an SEC’s ex parte request for a temporary restraining order (TRO) and freeze of assets while granting expedited discovery against Blockvest in October and early November. After a series of hearings, and while taking into account court briefs and supporting documentation from both parties, Judge Curiel determined that the SEC has failed to show that investors who bought into Blockvest ICO, were buying an “investment contract” classified a security under the Securities Act. As of press time, the SEC has made no comments on the Judge’s decision. Factual Background In its complaint, the SEC claimed that the defendants (Blockvest and Reginald Buddy Ringlod III a.k.a Rasool Abdul Rahim El founder of Blockvest) falsely promoted their ICO as being registered with, and approved by the SEC. Defendants have also used the SEC seal on their website without its prior authorization, approval, or endorsement. Furthermore, the SEC maintained that Blockvest touted the fact that their ICO has the approval of the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) by utilizing their logos and seals under the mention “Under the helpful eye of the CFTC and the NFA.” The court document further reads: “Defendants also created a fictitious regulatory agency, the Blockchain Exchange Commission (‘BEC’), creating its own fake government seal, logo, and mission statement that are nearly identical to the SEC’s seal, logo and mission statement. Moreover, BEC’s ‘office’ is the same address as the SEC’s headquarters.” In its defense response, Blockvest attorneys proclaimed that the company haven’t sold BLV tokens to the public during its Pre-ICO, but did use those tokens for “testing” purposes during the development of their platform. The defendant admitted that 32 testers did in fact put a total of around $10,000 worth of Bitcoin and Ether, as opposed to the SEC allegation that the company had garnered around $2.5 million in outside investment and was seeking to raise as much as $100 million from its ICO. Blockvest further held that it intends to issue a new utility token dubbed BLVX on the NEM Blockchain to be exclusively used on its exchange. The court document reports: “Defendants argue there is no common enterprise and the tokens do not represent an interest in or obligation of a corporation or other business. Therefore, Defendants argue the BLV token is not a security.” Judge Curiel concluded that the SEC has failed to prove that investors bought into Blockvest ICO with a reasonable expectation of making a profit based on the company managerial and operational efforts, hence denying its motion for preliminary injunction against Blockvest and its founder. What Does the Court Decision Imply for XRP? In fact, Ripple’s centralized nature has been a controversial point when it comes to an eventual ruling of XRP, its native token, as a Security vehicle by the SEC, besides the confidence shown in several occasion by the company’s representatives and spokesmen on XRP not being as such. In fact, SEC officials reiterated that decentralized digital assets wouldn’t be classified as securities to which Ripple claimed XRP’s existence as not hinging on the existence of Ripple Labs. The company has already received a $450,000 fine in a civil enforcement action back in 2015, for selling XRP without prior registering with the Financial Crimes Enforcement Network (FinCEN), and without implementing a proper AML procedure. However, according to Ripple, the Howey test used by the SEC to judge whether an asset is a security or not, would undeniably deem XRP not to be one. Ripple explains that XRP holders have no rights within the company and that XRP tokens doesn’t represent shares in Ripple or entitle holders to dividend payouts. The company further underlines that it has never claimed XRP value would increase, undermining the criteria of “expectation of gain out of the efforts of a third party,” a fundamental pillar of the Howey test. Hence, the Judge’s decision on the particularity of proving the “expectation of gain” could be significant in what it used to look like a strong case against Ripple. U.S. Federal Judge’s Decision to Deny Preliminary Injunction Request From SEC Against Blockvest and Its Implications on Ripple’s XRP was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

10 days ago

Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes

A few hours ago, Justin Sun announced via twitter that TRON (TRX) would be launching an accelerator plan geared towards encouraging the development of DApps on the network. His tweet went on to state the following: This industry-leading plan, #TRON accelerator plan will empower developers and start-ups to develop #Dapps based on TRON protocol, one of the most active protocols with a daily transaction volume of over 1 million and more than 600,000 wallets. #TRX $TRX About the Accelerator Plan As stated by Justin, the plan will empower developers and start-ups to develop DApps on the Tron protocol. The Tron network has continued to exceed expectations with the amount of daily transactions it can handle as well as the number of total user accounts. In the last 24 hours, Tron has handled 2,393,997 transactions and has 702,111 user accounts. This type of stability and efficiency is what developers look for in a blockchain network when creating a decentralized application. Submission of Projects is Between December 1st 2018 - January 4th 2019 Developers who wish to participate should submit their projects between the 1st of December and the 4th of January. Participation is via registration through EventBrite.com. More information on the Tron accelerator plan can be found on TronAccelerator.io. Prizes Worth $1 Million Key to the accelerator plan, is the availability of rewards worth a total of $1 Million. The breakdown of the $1 Million in rewards is as follows. $200,000 for the 1st Prize Winner $100,000 for the 2nd Prize Winners (2) $50,000 for the 3rd Prize Winners (3) 8 Special Prizes worth $30,000 each. A total of $240,000 42 Finalist Prizes worth $5,000 each. A total of $210,000 The Grand prizes winner - 1st, 2nd and 3rd - will have a chance to travel to San Francisco to attend the niTROn Summit. Travel and accommodation will be catered for by the team at TRON with opportunities to participate in future Tron events and programs. What are your thoughts on the $1 Million Accelerator plan by Tron to boost DApp development? Please let us know in the comment section below. [Image courtesy of TronAccelerator.io] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Tron (TRX) Announces Accelerator Plan For DApp Creation With $1 Million in Prizes appeared first on Ethereum World News.

10 days ago

Top Asia Crypto News Roundup from Nov 29- Dec 1

What Crypto insiders are reading on Asia. Happy December! Thank you for your feedback on our new subscription service. As an appreciation, and for demonstrating that we are listening, we are offering our readers to try us out for just $5 a month. Use the code “december5” to get the offering or simply sign up through this link Separately, I will be moderating and spending several days at the World Digital Asset Summit in San Francisco from December 9th through 11th.Come talk to me about crypto and Asia, and meet all the other amazing speakers including Balaji Srinivasan and Lily Liu from Earn.com, Kyle Samani from Multicoin, Dawn Song from Oasis Labs, Avichal Garg from Electric Capital, and more. For a limited time, enjoy a 60% off to the conference with the code “wdas60” Share with Friends Top News in Asia from Wednesday to Saturday China’s regulator updates its crypto ranking for the 7th time — BTC upgraded from the 19th place in the previous month to the 13th place, EOS continues to occupy the top position of the overall ranking, followed by Ethereum: http://bit.ly/2zzszx1 Binance Info Gold Label Project aims to protect the blockchain community by encouraging projects themselves to update and maintain project-related information, alleviating the risk from information asymmetry. http://bit.ly/2KK5zQh Dan Larimer from EOS is reportedly working on a “token that would be immutable, nonprogrammable, and limited to a currency role.” http://bit.ly/2KOhAE0 Coinshares, a crypto research firm, estimates that 77.6% of bitcoin mining uses renewable energy and part of the answer lies in Sichuan, China. https://on.mktw.net/2KMasZ1 Bitcoin mining firm Canaan Creative temporarily cut prices across all of its crypto mining devices to $200 each in amidst bitcoin prices rebounding. http://bit.ly/2KSstVL SV Insight Research’s and Dapp dot com latest report on the “State of the Dapps” show that Chinese developers are leading the decentralized app charts with their gambling dApps. Coin and Token News Consensys works with Philippines to have its Manila residents paid in Ethereum for cleaning up Philippines’ polluted beaches: http://bit.ly/2DUrGSz ICON Team received the Korean ‘Minister of Science and ICT (MSIT) Award’ in recognition of its contributions to the development and popularization of the blockchain industry in Korea. http://bit.ly/2BL8GVa Steemit, Inc. is close to going belly-up and laid off 70% of their staff. http://bit.ly/2BK365f Deals and Funds Former Huobi CTO James Ju is launching a cryptocurrency exchange by the end the yearin Singapore. The exchange, which will be called BHEX, raised $15 million in equity from OKEx and Huobi, DHVC, Dfund, BlockVC and Genesis Capital: http://bit.ly/2U2Zy5l TRON announced its plans to launch a blockchain gaming fund dubbed TRON Arcade,$100 million over the next three years: http://bit.ly/2E7NzhZ Pundi X is partnering Singapore-based Quantum Energy Asset Management to launch a $100-million blockchain fund in January 2019. http://bit.ly/2KK3i7q Exchange News KuCoin, Singapore-based cryptocurrency exchange collaborated with Simplex to enable its user to purchase cryptocurrencies using their credit and debit cards. http://bit.ly/2KNFaB0 OKEx’s new Piggybank product enable hodlers to lend their fund as margin loans to margin traders. http://bit.ly/2KKkkCn Huobi US launched the first exchange billboard campaign in San Francisco. As part of the campaign, HBUS will eliminate all trading fees throughout the end of the year.http://bit.ly/2KMbsfR Regulation News India and Russia are to cooperate in blockchain amongst other tech areas, and both countries are increasingly looking towards utilizing blockchain’s potential within fintech and other sectors. http://bit.ly/2zDmUWB South Korea’s Ministry of Science and ICT will develop a blockchain voting system that will go on trial in the private sector in December. https://zd.net/2BK9qcZ Malaysian Finance Minister has revealed that a new set of comprehensive regulations guiding the activities of crypto exchanges and ICOs will come into effect in Q1 2019.http://bit.ly/2rh3h1U Business News Bitmain has launched a new cryptocurrency index as a benchmark for investors with a real-time spot price that is updated every second, and a daily reference price that is published once a day: http://bit.ly/2DUCBvs A Chinese cryptocurrency company plans to introduce a so-called “digital peso” inPhillipines next year to serve not only overseas Filipino workers but also Chinese nationals working here in the Philippines. http://bit.ly/2KMfbKm Taiwan-based tech giant Asus is now letting gamers use their GPUs to earn passive income when not being used for other PC tasks. Earnings will be paid out via PayPal or WeChat:http://bit.ly/2SmyKeF The Japanese arm of computer giant Microsoft has partnered with nascent blockchain startup LayerX to “accelerate” uptake of the technology: http://bit.ly/2U64Nky Japanese video platform c0ban.tv pays users its own cryptocu

11 days ago

San Francisco to Hosts the Second Edition of the Premiere Blockchain Event, World Digital Asset Summit

Block72 and FPG Capital have confirmed the World Digital Asset Summit will take place from December 9th to December 11 at Hyatt Regency, San Francisco. This annual summit is an exhibition that brings on board investors, leaders, legislators, academia, and enthusiasts to showcase modern trends, technology, and great projects. WDAS2 will host prominent list of speakers drawn from various fields including tech, media, and venture capital among others with the theme being (VK).

11 days ago

Top Asia Crypto News Roundup from Nov 22- Nov 24

Top News in Asia from Wednesday through Saturday Temasek Holdings, Singapore’s state investment firm, is setting up new groups to explore opportunities in artificial intelligence and blockchain technologies.; the firm has also invested in enterprise blockchain software firm and global banking consortium R3. TRON co-founder and CEO Justin Sun has announced that basketball player Kobe Bryant will be speaking at TRON’s blockchain summit in San Francisco next year: http://bit.ly/2R7f4Ly *Exclusively Chinese* NEO Global Capital Partner Wayne Zhu reveals on social media account that since NGC fund’s founding since a year ago, its returns vs. Bitcoin has been 603%, while returns excluding Ontology would be 222%. The current fund size is worth around $72.31mn.Google translated Deals and Funds Singapore-based blockchain startup Propine Capital on Friday announced that it has raised $1.6 million in a seed funding round led by Decacorn Capital. http://bit.ly/2PR96SE Coin and Token News South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. http://bit.ly/2PPwtMd Huobi wallet enables TRON support to encourage portfolio diversification: http://bit.ly/2FOeiSm Exchange News Exchange KuCoin is delisting 6 tokens from the trading platform: http://bit.ly/2FHwTzB Cryptocurrency exchange Binance looking to adopt an automated Know Your Customer application provided by financial software firm Refinitiv:http://bit.ly/2FFQAHZ Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange:http://bit.ly/2FFCIxE Regulation News Indian police file charges against masterminds of $60 million multi-level marketing bitcoin scam: http://bit.ly/2FEovRB Business News The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain: http://bit.ly/2FBGNmw India: ‘Big Four’ auditor EY to hire 2k employees to develop in blockchain: http://bit.ly/2FGLVpj SWIFT India, the main network through which banks send money overseas, has partnered with fintech firm MonetaGo to pilot a distributed ledger network designed to improve the efficiency and security of financial products: http://bit.ly/2FzMOzU

11 days ago

Top Asia Crypto News Roundup from Nov 21- Nov 24

Top News in Asia from Wednesday through Saturday Temasek Holdings, Singapore’s state investment firm, is setting up new groups to explore opportunities in artificial intelligence and blockchain technologies.; the firm has also invested in enterprise blockchain software firm and global banking consortium R3. TRON co-founder and CEO Justin Sun has announced that basketball player Kobe Bryant will be speaking at TRON’s blockchain summit in San Francisco next year: http://bit.ly/2R7f4Ly *Exclusively Chinese* NEO Global Capital Partner Wayne Zhu reveals on social media account that since NGC fund’s founding since a year ago, its returns vs. Bitcoin has been 603%, while returns excluding Ontology would be 222%. The current fund size is worth around $72.31mn.Google translated Deals and Funds Singapore-based blockchain startup Propine Capital on Friday announced that it has raised $1.6 million in a seed funding round led by Decacorn Capital. http://bit.ly/2PR96SE Coin and Token News South Korean branch of the Tezos Foundation has signed a Memorandum of Understanding with Yonsei University to collaboratively work on the development of blockchain talents. http://bit.ly/2PPwtMd Huobi wallet enables TRON support to encourage portfolio diversification: http://bit.ly/2FOeiSm Exchange News Exchange KuCoin is delisting 6 tokens from the trading platform: http://bit.ly/2FHwTzB Cryptocurrency exchange Binance looking to adopt an automated Know Your Customer application provided by financial software firm Refinitiv:http://bit.ly/2FFQAHZ Tech Bureau, the company that formerly operated hacked Japanese cryptocurrency exchange Zaif, has completed its handover to buyer Fisco Cryptocurrency Exchange:http://bit.ly/2FFCIxE Regulation News Indian police file charges against masterminds of $60 million multi-level marketing bitcoin scam: http://bit.ly/2FEovRB Business News The South Korean government will use blockchain technology for tracing beef and providing consumers with information from the food supply chain: http://bit.ly/2FBGNmw India: ‘Big Four’ auditor EY to hire 2k employees to develop in blockchain: http://bit.ly/2FGLVpj SWIFT India, the main network through which banks send money overseas, has partnered with fintech firm MonetaGo to pilot a distributed ledger network designed to improve the efficiency and security of financial products: http://bit.ly/2FzMOzU

11 days ago

Podcast Transcript: CryptoAge Obi on Japan’s Regulatory Sentiment and its Growing Blockchain Developers Ecosystem

Checkout our Latest Podcast with Obi In this episode, Joyce Yang from Global Coin Research is joined by Yusuke Obinata, aka Obi, founder of CryptoAge. Obi is deeply involved with the Blockchain community in Japan, and he has been helping multiple US blockchain projects go to market in Japan including Cryptokitties, Quantstamp, and Kadena. Through CryptoAge, Obi organizes frequent, large size developer meetups in Tokyo. He is also the lead organizer of NodeTokyo 2018, the first kind of blockchain developer conference in Tokyo. In this podcast, Obi and Joyce discuss the latest regulatory sentiment towards crypto in Japan, the growing blockchain developers ecosystem and how he advises projects in the US to go to market there. Obi Something interesting thing about Japanese market is that actually a lot of tech enterprises from the big like listed companies to startup interested in Blockchain and most of them have already started working on building something. Joyce Yang Welcome to the Global Coin Podcast. A Podcast where we hear from leading global operators and investors in crypto with their thoughts on the Asia Blockchain and cryptocurrency space. Asia is really a cryptocurrency hub, and understanding the region is as important as understanding what’s going on locally. We also have a newsletter that highlights all the important crypto news coming out of Asia with many translated by our staff directly from the local media. Check it out at [globalcoinresearch.com] I’m your host Joyce Yang and today I am joined by Obi aka Obi founder of CryptoAge. Obi is deeply involved with the Blockchain community in Japan and he has been helping multiple US Blockchain projects go to market in Japan including CryptoKitties, Quantstamp and Kadena. Through CryptoAge, Obi organizes frequent large sized developer meetups in Tokyo. He’s also the lead organizer of NodeTokyo 2018, the first kind of Blockchain developer conference in Tokyo. In this podcast, Obi and I discussed the latest regulatory sentiment towards crypto in Japan, the growing Blockchain developer’s ecosystem and how he advises projects in the US to go to market there. Obi My name is Obi. Yusuke Obinata in Japanese full name, but people call me Obi like Obiwan from Star Wars. I’m based mostly in Tokyo and I’m the founder of CryptoAge which is the Blockchain community for developers in Japan who are excited about crypto Blockchain. I’ve been helping a lot of international Blockchain projects and communities in everything that can be the bridge between them and Japan. So I’ve been helping projects like Quantstamp, OmiseGo, CryptoKitties. I’ve also helped Ethereume foundation to set up the first big meetup which happened in Tokyo back in March which Vitalik and Gavin Wood, Joseph Poon. There were others who came to Japan and we had like 500 people joining us. Joyce Yang That’s really great and I’ve been hearing about you from many different people in the States, who whenever I mentioned I want to try to better understand Japan, they tell me that “you should go meet Obi.” So I’m so glad you’re here on the show and talking to us... Obi Thank you for having me. Joyce Yang Yeah I know it’s great. We love to learn more about what’s going on in Japan and you being here physically it definitely will be very interesting, could you share your perspectives on what’s going on there versus what you’re seeing in the rest of the world. Obi Yes, that’s good. Joyce Yang Yeah. So in terms of crypto and what we’ve seen in the last 6 months in the country, what are your top kind of takeaways for our audience? Obi I think Japan has been like one of the biggest crypto markets in terms of like trading, holding f the Bitcoin and like a general adoption of crypto. So that’s yeah exactly what I’ve been seeing in the past few years. So I’ve gotten into crypto since 2014 when I was working at traditional VC firms investing in Tokyo and Southeast Asia. We’ve invested in a crypto exchange called BitFlyer, we were one of the first investors in 2014. So I’ve seen the market since then and especially until like the beginning of this year, Japan is all about trading and speculation. There haven’t been many developer communities here. Starting from this year, I’ve seen more and more meetups or communities started being formed. And then also, I’ve started one of them and especially in the last 6 months, I’ve seen a huge growth of interest from the developers and also students who don’t really care about the price of the crypto, they’re more interested in the technology and innovative side of the Blockchain. Joyce Yang That’s really interesting. It sounds like you’re saying that the market has really spurred a group of individuals who are very interested in building and developing for the cryptocurrency projects and you’re very involved with that. Obi Yeah. Through CryptoAge, I’ve been hosting meetups for young developers and students at least like once or twice in a month starting fr

11 days ago

San Francisco web 3.0 Meetup is happening now at @StarfishMi...

San Francisco web 3.0 Meetup is happening now at @StarfishMission! @BluzelleHQ @NKN_ORG @NoiaNetwork @itisportal… https://t.co/SrGjYBVaHO

11 days ago

What Is Cryptocurrency? “Jeopardy!” Features Entire Category on Crypto

Is cryptocurrency becoming more mainstream? It could be if one of America’s most prominent game shows features an entire category devoted to it.The November 29, 2018, episode of “Jeopardy!” — which has been on the air since 1964 — offered five unique questions centered around cryptocurrencies and their technology to test out its contestants’ knowledge on the subject: The results reveal that they did indeed know their fair share.The “cryptocurrencies” category occurred in the game’s first round, with answers worth $200, $400, $600, $800 and $1,000 depending on their order and level of difficulty. The category was also among the final two to be tackled by the players, suggesting they may have felt a little less confident heading into it. The first clue, selected by Phil Tompkins, a portable restroom service technician from Indiana, was a rather basic one: “An altcoin is any unit of cryptocurrency other than this original one.” Chris Williams, a consultant from New York, responded with the correct answer: “bitcoin.” The contestants then moved to an entirely new category before Adriana Ciccone, a data scientist from San Francisco, jumped back to “cryptocurrencies” with less than a minute to go in the round. In true cryptocurrency fashion, the stakes suddenly got higher when the selected clue turned out to be a “daily double” — meaning she was able to risk any or all of her accumulated winnings on the result of that one answer. Ciccone chose to risk $2,500 of her $5,200 pot, and the clue that followed read, “In 2018, this South American country launched the petro currency backed by oil reserves.” After just a moment’s thought, she responded with the correct answer of “What is Venezuela?” Two more of remaining clues — both which were answered successfully — also focused on tokens, including one about Kik’s “Kin” token and the ill-fated “Coinye” token. The $600 clue finally got technical: “Each transaction is a ‘block’ connected in these digital ledgers that enable cryptocurrencies to work.” (Okay.) Fortunately, Ciccone was able to respond with “What is a blockchain?” This isn’t the first time “Jeopardy!” has tested players’ knowledge of digital assets. Back in April 2018, the show featured a clue in which “What is bitcoin?” was the correct response. The clue read, “In December 2017, one unit of this cryptocurrency was 15 times more than an ounce of gold.” In early November 2018, “Jeopardy!” was renewed through 2023. This will bring its television run to nearly 60 years. The fact that such a long-running show would feature cryptocurrencies in such a prominent way, combined with the fact that the clues were all answered correctly by men and women from such different walks of life, suggests that digital assets are indeed venturing deeper into mainstream territory.Test your own Bitcoin knowledge in our quiz: Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge This article originally appeared on Bitcoin Magazine.

11 days ago

XRP could be great for providing rapid liquidity, says CEO of OMNI - Ripple’s xRapid customer

Thomas McLeod, CEO and Co-Founder of OMNI, a renting service in San Francisco Bay Area and Portland, spoke about OMNI, during the latest episode of The Ripple Drop. He also spoke about his experience of introducing XRP as another option for cash outs apart from USD, on their platforms. The CEO started by speaking about the platform key role, stating that their main objective is to connect the whole world through “things”. McLeod added that their initial idea was of storage and collecting things and currently, they are building an entire rental marketplace. He went on to say: “so there’s a world in which everything that you have you should be able to connect with other people and other people should be able to use those things as well so if you have a bike and you’re not using it someone else can use it when you’re not using it. and now you can also make money on top of that” McLeod further spoke about the company integrating XRP on their platform and the impact it has on its users. He remarked that on a long time vision, they see themselves as a bank, and instead of having assets like the dollar and yen, the platform has bikes, books and equipments, which are “actually assets.” The CEO further added: “It became very clear that this could be a great tool for both providing vast rapid liquidity for sort of cashing out the capital that you make through the rental side as well as in the future connecting individuals quickly with those assets.” Furthermore, Ethan Beard, SVP at Ripple, spoke about xSpring and its use case. He stated that Xpring is an initiative that focuses on the new use cases for XRP and XRP Ledger outside of cross-boarder payments. Beard went on to say: “So, for Xpring we’re focused on on a couple different things. As I mentioned XRP payments is an important one think the other that we’re spending some time doing into is looking at the tokenization of real-world assets” Finally, Miguel Vias, the Head of XRP Markets at Ripple, stated that the new use cases of XRP are “incredibly accretive” to global growth of liquidity and mostly for XRP. He said: “For XRP if it’s being used in those flows if you look at other markets the driving force of FX liquidity is not speculation, it’s not liquidity provisioning by market participants it’s the use of that liquidity by real businesses the more liquidity you have the tighter spreads the more efficient xRapid and XRP end up being” The post XRP could be great for providing rapid liquidity, says CEO of OMNI - Ripple’s xRapid customer appeared first on AMBCrypto.

11 days ago

Expert Opinion: Court Questions SEC’s Stance on ICO’s While Speculations Rise Around Upcoming G20 summit

Note: “This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro District Judge Turns down SEC Request Regarding Blockvest ICO All eyes on Buenos Aires where G20 summit begins Cryptos, as well as equity markets, falls in nervousness before the G20 summit US court makes an intervention in SEC tricky policies on ICO Till now Securities and Exchange Commission of United States had the final say in a decision regarding cryptocurrencies and Initial Coin Offering (ICO). But for the first time in an extraordinary decision, San Diego District Judge Gonzalo Curiel, who was presiding over a case between the SEC and the startup company Blockvest, stated that that the SEC couldn’t show that investors had bought into the Blockvest ICO with an expectation of making a profit from the efforts of others. Judge Gonzalo Curiel had previously granted the SEC’s ex parte request for a temporary restraining order and froze the assets involved in the ICO but has found the case to be otherwise. Lawyers who have been closely watching this case believe that this case sends a strong message to the SEC that the courts are vigilantly paying close attention to the question of whether digital tokens fit the legal definition of a security. Well, looks like SEC’s regulations regarding ICOs which are currently tricky and largely unresolved will soon have to take a proper shape. Peter Navarro’s presence at G20 summit could be eventful for cryptos and global markets All eyes are on Buenos Aires today where 20 of the worlds most notable leaders have gathered with the goal of making the world a better place. The official theme for this years G20 summit is “fair and sustainable development” through a few reported events have already indicated that this summit could be an eventful one. If media is to be believed Trump has canceled his one on one meeting with Putin while the controversial White House Trade Adviser, Peter Navarro is expected to be attending the G20 summit. The nervousness of an eventful G20 summit has created some selling pressure on equities which has had its “coupling” effect on cryptos as well. Bitcoin halted its two-day rally and had fallen below $4,000 again giving back about half the gains accumulated this week. If it doesn’t turn around soon, it’s very possible we could get another test of the yellow line at $3,500. If it holds- that would be really great but if it does manage to break we have strong support coming at $3,000 per coin The post Expert Opinion: Court Questions SEC’s Stance on ICO’s While Speculations Rise Around Upcoming G20 summit appeared first on Coingape.

12 days ago

ICYMI... As part of this week's EGR Technology and Innovati...

ICYMI... As part of this week's EGR Technology and Innovation Summit held in Syon Park, FunFair founder Jez San to… https://t.co/GMMZwOxuz5

12 days ago

U.S. District Judge Turns Back SEC Request Regarding ICO

A new development has arisen in the U.S. Securities and Exchange Commission’s (SEC) efforts to regulate ICOs: a District Judge has turned back a request for an injunction.According to a recent legal briefing, San Diego District Judge Gonzalo Curiel has been presiding over a case between the SEC and the startup company Blockvest. On November 27, 2018, although Judge Curiel had previously “granted the SEC’s ex parte request for a temporary restraining order and froze the assets involved in the ICO,” he has now stated that the SEC couldn’t demonstrate that buyers of Blockvest’s ICO expected to receive a profit. The SEC’s regulations regarding ICOs are a tricky and largely unresolved legal area, but this case and others have explicitly cited one 1946 court case: SEC vs. W.J. Howey Co. This case first codified into law that certain assets can be considered securities, and become subject to securities regulations, based on the way that sellers and customers handle them. One of the critical criteria for an offering such as an ICO to become a security under the Howey statute is for customers to demonstrate an expectation that they will eventually make more money from the purchase. According to Curiel’s recent comments, customers of the Blockvest ICO were under no such illusion. Curiel’s comments by themselves do not constitute a legal verdict, and the case is by no means sealed. The briefing went on to state that former representatives of the SEC believe that this case “sends a message to the agency that courts are paying close attention to the question of whether digital tokens fit the legal definition of a security.”In other words, this is a concrete example of the court system showing a willingness to treat ICOs as if they are not necessarily tied to securities regulations. Legal commentators on the briefing included the sentiment that “it was obvious that the judge had studied the facts and the applicable precedent” as it applied to the case. For now, Judge Curiel’s reversal will mean that Blockvest’s assets are no longer tied up by the initial freeze order that the SEC was granted, and it will be better equipped to mount a defense should the SEC bring more charges against them. “It is an extraordinary challenge for defendants facing freeze orders and restraining orders obtained ex parte by the government,” said Stanley Morris, representing the defendants. He added that “our clients are now free to defend themselves through trial and look forward to being vindicated.” This article originally appeared on Bitcoin Magazine.

12 days ago

Zcash (ZEC) Set to Launch on Coinbase Pro

Privacy-oriented Zcash (ZEC) will be supported by Coinbase Pro, which is an international cryptoasset exchange more suited for professional or more experienced traders. As announced via a Coinbase blog: “At 10am PT on Thursday, November 29, we will begin accepting inbound transfers of Zcash (ZEC) on Coinbase Pro.” The exchange will also accept deposits “for at least 12 hours prior to enabling trading.” After accumulating “sufficient liquidity”, trading for ZEC/Tether (USDC) will begin. At first, ZEC trading will be offered to Coinbase Pro users in the UK, Canada, Australia, Singapore, and European Union. US-based traders may also trade ZEC on Coinbase Pro, however, New York residents will not be able to.. Coinbase Pro’s management is planning to offer ZEC trading pairs in “additional jurisdictions” at some later point. Zcash (ZEC) is a digital currency that uses “recent advances in cryptography to allow users to protect the privacy of transactions at their discretion”, the Coinbase Blog explained. As noted in the announcement, “The distinction between Zcash’s ‘transparent’ and ‘shielded’ transactions is analogous to the distinction between unencrypted HTTP and encrypted HTTPS. In both cases, the unencrypted/transparent version of the protocol allows third parties to see metadata associated with the communication or transaction, while the encrypted/shielded version protects this information.” Deposits from transparent and shielded addresses will be permitted at first on Coinbase Pro. However, only withdrawals to transparent addresses will be allowed. Later on, Coinbase Pro’s management may consider “withdrawals to shielded addresses” in “locations where it complies with local laws”, the announcement noted. At present, ZEC is not supported on Coinbase.com or through the company’s mobile apps. Should the San Francisco-based fintech firm decide to list ZEC on Coinbase, it will let users know via a separate announcement. 4 Stages of the ZEC Launch “If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading as per our Trading Rules”, the blog stated. Coinbase Pro’s official Twitter account will be issuing updates as the ZEC trading process moves through the following four stages: “Transfer-only. Starting at 10am PT on Thursday, November 29, customers will be able to transfer ZEC into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.” “Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute. This market state has been shortened to improve market health during launch.” “Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.” “Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders. The post Zcash (ZEC) Set to Launch on Coinbase Pro appeared first on Crypto Core Media.

13 days ago

VP of Strategy Olga V. Mack @OlgaVMack will be speaking at t...

VP of Strategy Olga V. Mack @OlgaVMack will be speaking at the Payments Innovation Summit here in San Francisco… https://t.co/gaPC6A9YMv

13 days ago

Judge Rules SEC Has Failed to Prove Blockvest ICO is a Security

A ruling of a San Diego district court has ruled against the SEC's request for an injunction against investors in the Blockvest ICO, in what it claims was an unregistered security. It is the first time the SEC has encountered this kind of obstacle.

13 days ago

Bitcoin Ransomware: The U.S. Indicts Iranians Over $6 Million Cryptocurrency Cyber-crimes

The U.S. Justice Department recently announced the indictment of two Iranians involved in a high-profile Bitcoin ransomware attack. Iranian Hackers Collect Bitcoin as Ransom According to a report by The Washington Post, the Justice Department of the United States on Wednesday (November 28) announced the indictment of two Iranian nationals involved in cryptocurrency ransomware attacks, dating back to 2015. Faramarz Shahi Savandi and Mohammad Mehdi Shah Mansouri, Iranian residing in Iran, were the masterminds of the SamSam ransomware attack. The pair infected data in the U.S, United Kingdom, and Canada as far back as 2015. Part of the hackers’ targets included places in the United States such as Newark, Atlanta, the port of San Diego, the Transportation Department in Colorado, a medical laboratory, and a hospital. According to the Justice Department, the defendants targeted vulnerable computers and instilled ransomware, preventing victims from gaining access. Consequently, the hackers asked victims to pay a ransom in Bitcoin to gain access or risk losing important data. According to the charges, the Iranian nationals extorted over 200 victims, with the scheme generating over $6 million. The victims also incurred financial damages worth $30 million. Another pair of Iranians also based in Iran, Ali Khorashadizadeh and Mohammad Ghorbaniyan, was responsible for converting the ransom Bitcoin payments into the Iranian riyal. The U.S. Treasury noted that over 7,000 Bitcoin transactions were trailed to the cryptocurrency addresses of both men. The Treasury’s Office of Foreign Assets Control (OFAC) stated that this was the first time that virtual currency addresses were linked to individuals on a U.S. sanctions blacklist. Sigal Mandelker, Treasury under-secretary for terrorism and financial intelligence, said that the department is focusing on Iranian hackers who are out to extort victims. Mandelker also warned cryptocurrency exchanges and P2P exchangers to increase security as Iranians are desperate to get US dollars. The indictment charges, however, did not state that Savandi and Mansouri acted on behalf of the Iranian government. State Sponsored Cryptocurrency Cybercrime Countries like North Korea are notorious for carrying out cyber-attacks on some cryptocurrency exchanges. A North Korean hacker group known as Lazarus, is well-known for its numerous attacks on virtual currency exchanges and fintech companies. In August, the group released a malware known as “Applejeus” which an employee of an anonymous cryptocurrency exchanged unknowingly downloaded. Also, reports revealed Lazarus was responsible for high-profile attacks on exchanges including CoinCheck, Bithumb, Yapizon, Coinis, and YouBit. Also, after U.S. President Donald Trump re-imposed sanctions on Iran, officials announced that the Islamic country could retaliate with cyber attacks. In the face of strict U.S sanctions on Iran and North Korea, the countries are faced with economic hardship. In a bid to circumvent sanctions, both countries have attempted to launch their cryptocurrency and organized state-sponsored cybercrime. Image courtesy of Shutterstock. The post Bitcoin Ransomware: The U.S. Indicts Iranians Over $6 Million Cryptocurrency Cyber-crimes appeared first on Ethereum World News.

13 days ago

aelf and @CelerNetwork hosted an exciting technical meetup i...

aelf and @CelerNetwork hosted an exciting technical meetup in San Francisco on Nov.16th! Thank you to all those who… https://t.co/AsZLfCv8CL

13 days ago

TRON (TRX) Up 20 Percent As Entire Market Sees Green

Bitcoin (BTC), Cryptocurrency, TRON (TRX)-After two weeks of the worst price fall experienced in cryptocurrency since the start of the year, as prices for Bitcoin and altcoins hit their lowest point of 2018, the entire market is back in the green. For investors who weathered the plummeting storm of cryptocurrency, which has created a litany of unfavorable takes on the outlook of the industry, the brief rally is a welcome sign. While most are holding their breath in anticipation of another price drop following the rally, as most analysts see a bottom forming in the $3000 - $3500 range, the majority of coins in the top ten by market capitalization are experiencing double digit gains on the day. TRON, the twelfth largest coin by market cap, is leading the way for the top 20 cryptocurrencies, with gains exceeding 20 percent over the last twenty-four hours. Considering how far the currency has fallen throughout 2018, after achieving an all time high of $0.35 per coin to start the year, it’s little surprise that TRX has managed to rally at the head of the back. As previously reported by EWN, the price movement for TRON-along with arguably most of the more high profile currencies in the industry-has little to do with development or adoption for TRX. Helmed by founder and CEO Justin Sun, the TRON Foundation has continued to find ways to keep the currency relevant, both in enticing development and marketing maneuvers that are a step forward for the industry. Just two weeks ago, before the precipitous crash in crypto prices, TRON announced the presence of basketball legend Kobe Bryant as a special guest speaker for TRX’s first international conference being held in San Francisco in January 2019. Kobe Bryant, CEO and President of Kobe Inc and NBA legend, will be attending #TRON's first international conference in San Francisco as a Special Guest to share his vision on entrepreneurship. Join the conference with @kobebryant! #niTROn2019 https://t.co/LqxAuu8DBl pic.twitter.com/0b0IzcpOoP — TRON Foundation (@Tronfoundation) November 20, 2018 While Bryant has little in the way of cryptocurrency involvement, he does bring an entrepreneurial vision that could find some traction in the development-focused audience of TRON’s following, as well as broadening the exposure of crypto through the crossover provided by the former NBA Most Valuable Player. In addition, TRON made one of the biggest acquisitions of the year for cryptocurrency when Sun purchased BitTorrent, the world’s largest peer to peer file sharing network. Given the amount of overlap between the decentralized focus of cryptocurrency and the open economy of torrenting, it’s not surprise that Sun would target BitTorrent as a tool to integrate and improve the TRON platform experience. While details surrounding the merger of BitTorrent and TRON have been limited, the community has gained some insight through the announcement of Project Atlas, an initiative designed to do more than just shoehorn torrenting on to TRON’s platform but to improve the function of both. Even with the recent plummeting of prices spreading doom and gloom throughout the landscape of cryptocurrency, with many fixating upon the ongoing bear cycle of 2018 as a direct indication of the industry’s health, developers for the currencies have continued to forge ahead in improving the usability of their technology. Until blockchain and cryptocurrency see wider adoption and integrated use in society, it’s little surprise that price volatility will continue to emerge with Bitcoin and altcoins following a roller coaster path of boom and bust valuation. The post TRON (TRX) Up 20 Percent As Entire Market Sees Green appeared first on Ethereum World News.

13 days ago

Fact Check : 11 Things Ripple & XRP Fans Feel Uncomfortable About

Here are 11 Statements About Ripple / XRP. Let’s see if anyone can figure out whether they’re true, false, or have some grain of truth (partially true). Please leave comments down below. Thank you. Question/Claim #1 Even if Ripple company’s products replaced the SWIFT bank-to-bank messaging system for post-trade foreign exchange and payments, the company’s total profits would only be around $25 million per annum. None of that would go to XRP holders, according to some some analysts. Question/Claim #2 San Francisco-based FinTech Ripple Labs developed XRP - which “makes it look like an unregistered security.” Agree? Question/Claim #3 The Ripple company has to pay “people to run validating nodes to make it look decentralized - but they have only been doing this since they started worrying about class action [lawsuits and legal action from the US Securities and Exchange Commission] SEC.” Question/Claim #4 “Nobody uses XRP” as a cross-border payment method - “even after 5 years of trying.” Question/Claim #5 “Bank pilots seem to go nowhere, except where they are plugged into existing payments infrastructure to make them more complicated.” Question/Claim #6 “If the XRP ledger actually were de-centralized, it would mean the lack of accountability for its running, ruling it out as an acceptable piece of financial infrastructure.” Agree? Question/Claim #7 “Even if banks liked Ripple’s technology and the concept of a ‘bridging currency’, there is nothing to stop them from creating their own, after all the XRP ledger is open-source as the Ripple company keeps telling us.” Thoughts? Question/Claim #8 “60+ billion XRP is still in the hands of Ripple (the company) and ‘Ripple Insiders’.” Question/Claim # 9 “Payments are getting faster and cheaper, both internationally and nationally” using other fintech, so XRP and Ripple company’s other products are not needed. Question/Claim # 10 “Using banks as a ‘bridge currency’ would impose crippling regulatory capital charges on banks that held significant balances in the cryptocurrency.” Question/Claims #11 “Liquidity would be a major problem to anyone using it as a ‘bridge currency’. You always need someone willing to accept XRP in return for one of the real-world currencies being exchanged. You simply cannot count on that because of the volatility and capital issues.” Agree/Disagree? Comment down below. Please note that these are just unverified and unsubstantiated claims. However, they have been circulating around social media for a long time now. It’s time to get our facts straight. Let’s help separate the FUD from what’s really going on. While we are still in this bear market, more people are beginning to focus on development and solving real problems - instead of focusing primarily on superficial things such as price. Before the crypto market has a viable economic system, it will need a solid technological foundations. So, let’s work to make this happen! The post Fact Check : 11 Things Ripple & XRP Fans Feel Uncomfortable About appeared first on Crypto Core Media.

14 days ago

World Bank & KNOMAD to Explore Ripple Company’s DLT based Financial Products

KNOMAD, the Global Knowledge Partnership on Migration and Development, and the World Bank’s Migration and Remittances Unit in Social Protection and Jobs Global Practice, are reportedly looking to learn more about distributed ledger technology (DLT). And it may not come as a surprise that they are talking about Ripple. According to TodaysGazette, both organizations are specifically interested in American fintech, Ripple Labs’ DLT-based suite of financial products. As covered extensively by CryptoCoreMedia, one of the primary use cases for Ripple’s products is to process remittance payments more quickly and cost-effectively. Dilip Rao to Speak About Ripple at KNOMAD Seminar Dilip Rao, the global head of infrastructure innovation at Ripple Labs, will be speaking at the KNOMAD seminar (on Thursday - November 29th, 2018) at the World Bank Main Building in Washington DC. The main topic of discussion during the seminar will be on the role of DLT in improving cross-border value transfer, an official letter published on November 27th by KNOMAD noted. Importantly, KNOMAD said that Rao’s presentation will focus on the capabilities of DLT that could potentially address “fundamental paint points” - including the speed, cost and transparency of the international payments system. Notably, a large number of financial institutions have been adopting Ripple’s technology - particularly RippleNet, which aims to be a decentralized network of financial service providers. Companies and organizations that join RippleNet do so - in order to expedite cross-border transactions. As covered, Ripple’s xCurrent, xVia, and xRapid products - in addition to the platform’s native cryptocurrency, XRP, have been designed to complement each other. These products serve a common purpose - which is to create an “internet of value.” TheBlockCrypto’s Founder Points Out Inconsistencies Although Ripple has its critics, and Mike Dudas, the founder of TheBlockCrypto (an information source on crypto and blockchain), has pointed out that there are many inconsistencies between what Ripple (the company) had claimed to offer in 2013 and what it promises to provide now, the San Francisco-based firm’s technology may actually be useful. TechCrunch Founder & Bloomberg’s Editor-at-Large Are Bullish On Crypto TechCrunch founder, Michael Arrington, has claimed on several occasions that “there’s nothing better than XRP” - when it comes to transferring a large amount of funds quickly and cheaply. In fact, Arrington’s company was able to recently transfer $50 million in 2 seconds and the cost of the transaction was 30 cents. Prominent journalists have also joined Ripple’s executive team including Bloomberg’s Editor-at-large, Cory Johnson. Recently, Johnson spoke at length about XRP’s ability to settle transactions instantly. While the Bloomberg editor may not have had completely accurate information to share - as he claimed that Ripple’s suite of products were fundamentally superior to the Bitcoin network and he also made the mistake of stating that XRP’s value is up from the start of this year (which is false as its market cap is down from $106 billion to about $16 billion since Jan 2018), Johnson did point out some key areas which the Ripple company has been working on. The post World Bank & KNOMAD to Explore Ripple Company’s DLT based Financial Products appeared first on Crypto Core Media.

14 days ago

Coinbase Launches OTC Platform, Clients Still Bullish On Crypto

Since Coinbase’s inaugural day in business during June 2012, the San Francisco-based startup has become world-renowned for its penchant for innovation within the cryptosphere and Bitcoin ecosystem. And this theme has fortunately persisted to this day, even while 2018’s market predicament has brutally executed a plethora of crypto upstarts, save for Coinbase and other ‘too big to fail’ platforms. Not only has the firm continued to rake in sky-high profits, while raising millions in venture capital, but it has also expanded into novel crypto sub-industries, such as the booming institutional sector. As Bitcoin Falters, Coinbase Launches “Agency-only” OTC Desk After Coinbase Institutional lost Adam White to Bakkt, likely catalyzing the shutdown of its in-house index fund, speculation has raged regarding the health of the shadowed institutional crypto sub-sector. More specifically, some skeptics have even claimed that in spite of the Intercontinental Exchange’s announcement of Bakkt, for example, institutional forays are few and far between. However, a representative from Coinbase, coupled with a newfound push for the business of institutional players, has clearly accentuated that this couldn’t be further from the truth. Although NewsBTC reported that insiders claimed that Coinbase was slated to launch an institution-focused over-the-counter trading (OTC) desk in May, at the time, this was nothing more than a well-fleshed out rumor. However, in a recent interview with fintech media outlet Cheddar, Christine Sandler, head of coverage at Coinbase, has divulged that these supposed plans have become a reality. Exclusive: @Coinbase is launching an agency-only OTC trading desk in response to client demand. #CheddarLIVE pic.twitter.com/rmswi5pqpj — Cheddar (@cheddar) November 27, 2018 Sandler, discussing the matter in an exclusive interview, noted that Coinbase recently launched an OTC desk behind closed doors to complement its traditional exchange business. Explaining that this venture was catalyzed by the presence of valid interest, the executive, admitting that Coinbase’s OTC launch was “opportunistic,” stated: “We found that a lot of institutions are using OTC to on-ramp [their fiat] for crypto trading. And so we felt that this was a huge benefit for our clients to leverage our exchange and our OTC desk. So, we’re agency-only and we have plans to expand the service to offer delayed settlement and integration into our custody platform as well.” Speaking what sets Coinbase’s OTC foray apart from that of Circle or Genesis Trading, the startup representative noted that her firm’s platform directly matches a crypto maker and taker. Coinbase Institutional Clients Still Bullish On Crypto, “Nothing Has Changed” Discussing the flavor of the month, Bitcoin’s most recent foray lower, with crypto assets establishing new year-to-date lows that would make bulls shudder and cringe, the Cheddar anchor asked Sandler about how Coinbase’s clients have been reacting to the drastic move. Sandler, seemingly unperturbed by crypto’s draw-down herself, responded with an apparent sense of calm, noting: “[Crypto’s decline] has definitely been front-of-mind. From our crypto-first clients, we are hearing that nothing has changed with respect to the technology, and that they’re still absolutely committed to crypto and blockchain. So, I think that there is one silver lining to this volatility... [and that is] that crypto has become front and center in mainstream financial media for the past few weeks.” And as seen by the appearances of crypto executives on CNBC, CNN, and Bloomberg, for example, Sandler’s two aforementioned points have been proven to have struck a chord with investors worldwide. The fact of the matter is, while Bitcoin’s dismal year-to-date performance has been a thorn in the side of traders, this technology, recently bolstered by the incessant mainstream coverage, still has immense inherent value, ground-breaking capabilities, and the ability to usurp traditionalists set in their ways. Tying this back into Coinbase’s underlying mission creating an open financial system for the world, the coverage specialist noted that for global adoption to truly commence, cryptocurrencies will need to become less homogeneous through the propagation of diverse projects, services, and ultimately, participants. Featured Image from Shutterstock The post Coinbase Launches OTC Platform, Clients Still Bullish On Crypto appeared first on NewsBTC.

14 days ago

Dexter Hadley Wants Your Mammogram For Cancer Research

The afternoon I meet Dexter Hadley, the haze from Camp Fire, 160 miles to the northeast, is thick enough to dim the afternoon sun. Hadley is a physician and scientist at the University of California, San Francisco, and for lunch we go to a food-truck gathering spot near his office. Under the circumstances, the small […]

14 days ago

More media coverage from #QBConnect San Jose. Here's @cpapra...

More media coverage from #QBConnect San Jose. Here's @cpapracadvisor's recap of the event, including the #smallbiz… https://t.co/aflCbmBGNq

14 days ago

As part of yesterday's EGR Technology and Innovation Summit ...

As part of yesterday's EGR Technology and Innovation Summit held in Syon Park, FunFair founder Jez San took part in… https://t.co/ClUHxhOOCg

14 days ago

As part yesterday's EGR Technology and Innovation Summit hel...

As part yesterday's EGR Technology and Innovation Summit held in Syon Park, FunFair founder Jez San took part in an… https://t.co/m6e1dqrXA4

14 days ago

Bitcoin [BTC], Tron [TRX] and Binance Coin [BNB] to be used to pay for Pro, ad-free products

BitTorrent Inc., responsible for the development of widely known clients uTorrent and BitTorrent for peer-to-peer file sharing, announced that customers can now pay for Pro and Ads Free products using Bitcoin [BTC], Tron [TRX], and Binance Coin [BNB]. The payments will be using Coinpayments.net, a cloud-based payment solution for numerous cryptocurrencies, as the gateway. Justin Tron, the founder of Tron and CEO of BitTorrent, said “BitTorrent joins a growing list of online companies whose products and services accept TRX as payment. With BitTorrent’s over 100 million users, the move helps increase the use of TRX in online marketplaces while giving consumers more options to unlock value from BitTorrent’s premium products.” The benefits of going Pro include HD playability, file conversion, fast downloads, and PC protection from malware, and, of course, ad-free usage. The blog post has also detailed how to pay for services using TRX or BTC. BitTorrent, Inc. is a software company based in San Francisco. Founded in 2004, it uses peer-to-peer sharing technology to enable sending large files over the internet and allows content creators to connect with users. In their own words, “BitTorrent introduces decentralized currencies into one of the world’s largest decentralized applications”. pxlicious, on Twitter, commented on the development: “Bye Netflix! Next generation of TVs will be BitTorrent certified.” Cryptoduck’s insight on Twitter: “There is inherent value to the BitTorrent brand, and TRON should not miss the opportunity to advertise the names side by side.” It might well help facilitate the wider reach of TRX. There are potentially thousands, if not hundreds of thousands, of BitTorrent users who have either not heard of TRX, or are otherwise unfamiliar with. This move is expected to lift the adoption rates. The post Bitcoin [BTC], Tron [TRX] and Binance Coin [BNB] to be used to pay for Pro, ad-free products appeared first on AMBCrypto.

14 days ago

Ripple entra em contradição sobre criação do XRP

Por: Livecoins XRP atualmente é a segunda maior criptomoeda do mercado com uma capitalização de US $ 14,2 bilhões. Como resultado, sua proveniência e desenvolvimento estão sendo observados de perto por aqueles que estão dentro e fora do ecossistema de moedas digitais. Durante a atual crise nos preços do mercado de criptomoedas, a XRP tem sido a moeda com melhor desempenho entre as 10 primeiras, com um percentual de perda de 42% em 6 meses. Outras altcoins acumulam perdas de até 81%. Perdas XRP A narrativa da Ripple, a empresa que está intimamente associada ao XRP, evoluiu significativamente ao longo dos anos. Em 2013, a Ripple afirmou que “a Ripple Labs criou 100 bilhões de XRP dentro da rede da Ripple, e esse valor nunca aumentará”. Além disso, a versão de 2013 do site da Ripple relata que um grupo de programadores da Ripple Labs “inventou” a Ripple e lançou a versão beta do software em 2013, que foi feita com código aberto. Arquivo da internet, Ripple Em 2018, no entanto, a Ripple afirmou que “100 bilhões de XRP foram criados antes da empresa ser formada.” Ou seja, a Ripple afirma que eles não criaram o XRP. Ripple dz que não criou o XRP. Imagem: Site Ripple Ambas as afirmações não podem ser verdadeiras. E a verdade das respectivas declarações tem grandes implicações para a empresa Ripple e o XRP em 2018. Recentemente, a SEC tomou medidas contra criptomoedas por uma série de razões, com a principal preocupação de ser “títulos não registrados”. Stephen Palley disse que as recentes ações da SEC implicam que “tokens são valores mobiliários”. Em uma série de tweets nos últimos dias, o CEO da The Block, Mike Dudas, analisou a relação entre o XRP e a Ripple. Ele investigou a mudança na narrativa sobre a criação do XRP ao longo dos anos. Dudas apresentou as afirmações firmes da gerência da Ripple em 2018 de que eles não criaram o XRP. Você pode ler o tópico completo clicando no tweet abaixo. @Ripple & $XRP 2013: “Ripple Labs created 100 billion XRP within the Ripple network, and that amount will never increase.” https://t.co/kGUjfNE6i2 2018: “Ripple the company didn’t create XRP; 100 billion XRP was created before the company was formed” https://t.co/VSwcXjmj8t pic.twitter.com/KbgpOQsLwy — Mike Dudas (@mdudas) November 23, 2018 XRP é valor imobiliário? Mudança de narrativa revelam Ripple tentando se proteger da SEC O fato da Ripple ter mudado suas principais afirmações sobre o XRP levantam uma questão: a empresa está fazendo isso para se manter segura contra a Comissão de Valores Mobiliários dos Estados Unidos (SEC, Securities and Exchanges Commission)? De acordo com Dudas, se a Ripple Labs criou e tem controlado a oferta de XRP, isso levanta a questão de saber se ela pode ser considerada como um commoditie de segurança não registrado pela SEC. Isso torna o caso pior porque a Ripple Labs registrou o XRP em 2013 e a sede da empresa está nos Estados Unidos (San Francisco), que está sob a jurisdição da SEC. As informações são do theblockcrypto.com O artigo Ripple entra em contradição sobre criação do XRP apareceu primeiro em Livecoins.

14 days ago

OKEx Delists Another 49 Trading Pairs, Withdrawal of 26 Affected Tokens To Close by December 14th

Earlier today, the popular cryptocurrency exchange of OKEx announced that it was delisting another batch of trading pairs. This is after it just delisted over 50 trading pairs this past October. The delisting is to create a robust trading environment and offer the best trading experience for users. The affected trading pairs have been found by the exchange as having weak liquidity and low trad volume. The list of affected pairs can be found below. Ticker Name of project Affected trading pair(s) 1ST FirstBlood USDT AMM Micromoney USDT ATL ATLANT ETH AVT Aventus BTC BRD Bread ETH CAG Change USDT CBT CommerceBlock BTC CIT Carinet BTC, ETH, OKB DAT Datum BTC, ETH, USDT DENT DENT BTC, ETH, USDT DNA EncrypGen USDT DNT district0x USDT EVX Everex ETH GNX Genaro Network USDT ICN Iconomi USDT KEY Selfkey USDT LA LAToken ETH LEV Leverj BTC, ETH, USDT MAG Maggie USDT MTL Metal BTC, ETH MVP Merculet BTC NGC NAGA BTC OAX OAX USDT OST Simple Token BTC QVT Qvolta USDT RDN Raiden Network Token BTC REN Republic Protocol ETH, USDT REQ Request Network ETH RNT OneRoot Network BTC SAN Santiment Network Token USDT SHOW Show BTC SNGLS SingularDTV BTC, ETH SPF Sportyco USDT SUB SubStratum BTC TRA Travel USDT UKG Unikoin Gold ETH VEE BLOCKv ETH WRC Worldcore USDT Delisting to Be On November 31st, 2018 OKEx stated that the above pairs will be delisted at 5:00am (UTC + 1) on the 31st of November this year. Users are advised to cancel their orders before the set time. All orders that will be active and related to the affected pairs at the time of the delisting, will be automatically canceled and the system will credit them to the trading accounts of the users. Withdrawals of 26 Affected Tokens Supported Till December 14th, 2018 OKEx goes on to state that withdrawals of 26 of the affected tokens will only be supported till 5am (UTC + 1) on the 14th of December, 2018. The exact statement listing the affected tokens is as follows: For users who are holding VEE, LEV, AVT, CBT, WRC, QVT, MTL, DNA, DNT, OAX, 1ST, CAG, UKG, BRD, SAN, ICN, ATL, SUB, REQ, NGC, AMM, LA, DENT, CIT, DAT, or MAG, please withdraw your tokens immediately to other platforms or to your wallet. The withdrawals of the above token will be closed from 05:00 Dec 14, 2018 (CET). The delisting of the trading pairs is in line with the exchange’s guidelines. What are your thoughts on OKEx delisting the trading pairs and the subsequent announcement of only supporting withdrawal of 26 tokens affected tokens till mid December? Please let us know in the comment section below. The post OKEx Delists Another 49 Trading Pairs, Withdrawal of 26 Affected Tokens To Close by December 14th appeared first on Ethereum World News.

14 days ago

Coinbase, Ripple, and Other Big Names Invest $13M into Security Token Startup Securitize

CoinSpeaker Coinbase, Ripple, and Other Big Names Invest $13M into Security Token Startup Securitize Securitize is a company that assists other firms with tokenizing assets and traditional securities. The funding round will help Securitize prepare for its planned launch of a Digital Security Offering (DSO) next year. According to the statement, the company believes that decentralized ledgers have the ability to bring instant transactions and transparency to the securities market. Furthermore, Securitize also believes it is the most market-ready compliance platform for primary issuance and lifecycle management of digital securities. This is because it has worked on projects such as 22x, SPiCE VC, and Augmate. CEO and co-founder Carlos Domingo said, that with the new funding, the company also wants to work on their investor relations, increasing liquidity, promoting compliance, and keeping up with their capital. He said: “Not only will they provide support for Securitize as we continue to execute at the highest level of our industry, but they will also be instrumental as we prepare to tokenize Securitize for our Digital Securities Offering.” He added that the opportunity is not just to work with blockchain companies: “These are first movers, but the big opportunity is in digitizing private and public shares 2019 will be the year that you see 10-15 exchanges trading securities in a legal way.” There is a number of high profile companies within the cryptocurrency space that already have invested in Securitize. The startup itself raised $12.75 million in a Series A funding round led by San Francisco-based VC firm Blockchain Capital. Coinbase Ventures, Ripple, NXTP, and Global Brain Corporation have also invested. Brian Armstrong, CEO of Coinbase, had admitted that the exchange was looking to be a de facto marketplace for buying and trading crypto securities. The emergence of Securitize may help realize the dream of tokenizing shares with blockchain to provide more transparency, liquidity, and efficiency. Securitize will be in charge of developing tokens and regulatory compliance in a process called “Digital Security Offering.” Cryptocurrency exchanges, namely Coinbase, will still have a role as trading platforms. Blockchain Capital’s co-founder and managing partner, Brad Stephens, who led the $12.75 million strategic funding round for the digital securities sstartup, will also join Securitize’s Board of Directors. Stephens noted in the press release that “Securitize’s real-time compliance solution solved a critical need for our BCAP security token,” which a token based on the Ethereum (ETH) blockchain and launched in April 2017 through an Initial Coin Offering (ICO). The press release claims that the digital securities market is worth over $7 trillion annually. Other “strategic investors” in Securitize include Donna Redel, the World Economic Forum’s former Managing Director and blockchain professor, and John Pfeffer, formerly a partner at global investment firm KKR. Due to their inclusion during the funding round, the co-founder and managing partner of Blockchain Capital, Brad Stephens, will be a part of the board of directors for Securitize. Other participants in the funding round included Coinbase Ventures, Global Brain, XPring from Ripple, OK Blockchain Capital and NXTP. So far, there are multiple digital securities that the company has been issuing, like 22x, SPiCE VC, Augmate, and the BCAP security token (from Blockchain Capital). Some of the company’s digital securities have already been entered on both the AirSwap and the OpenFinance networks, maintaining compliance with regulations. In the time of writing, from Coinbase came the news that they are losing its policy head at a time when communication between Washington and the digital money sector may never be more important. Michael Lempres, who was named the firm’s policy officer in September after serving more than a year as its legal chief, is leaving to take on a new role at Andreessen Horowitz, according to a statement from the closely held exchange. The venture capital firm was an early investor in Coinbase. Coinbase, Ripple, and Other Big Names Invest $13M into Security Token Startup Securitize

14 days ago


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