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Bithumb Pledges $8M to South Korea’s ‘Regulation-Free’ Blockchain Zone
10.1.2020
South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will...
Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump
10.1.2020
On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...
Derivatives Giant CME to Launch Bitcoin Options on Monday
10.1.2020
Major financial derivatives marketplace Chicago Mercantile Exchange Group (CME) is seemingly ready to launch its long-awaited options on Bitcoin (BTC) futures on January 13.
As BTC's market capitalization is growing, a number of options to trade this cryptocurrency is growing as well. We may...
Video Games Giant Ubisoft Is Looking for Blockchain Startups to Support
10.1.2020
Are you developing a blockchain game that could be the next Cryptokitties or even take blockchain games mainstream, if only you had some help from a major company in the field? You’re in luck, because French video games giant Ubisoft is now looking for new blockchain startups it can support....
6 High Interest-Paying Options for Crypto Lenders
10.1.2020
As anyone who has ever sought to lend crypto will attest, significant variance exists in the APR offered to lenders. Indeed, the spectrum can swing from 1% to 8% – even when it’s the same asset being loaned across platforms such as Coinbase, Poloniex, Compound and Dharma. As...
Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns
10.1.2020
The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not...
Bitcoin and Altcoins Trend Turning Bearish
10.1.2020
Bitcoin price remained in a bearish zone and failed to stay above the key USD 8,000 and USD 7,850 support levels. BTC/USD is now closing in towards USD 7,700, below which the price could test the next major support near USD 7,550 in the coming sessions.
Similarly, most major altcoins turned red...
Philippine ‘Crypto Valley of Asia’ to Get Own Airport
10.1.2020
The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of...
How Dropgangs and Dead Drops Are Transforming Darknet Practices
10.1.2020
Since the creation of the Silk Road, authorities have waged a war against the online drug trade with a wave of surveillance and enforcement. However, crypto-anarchists are developing new ways to evade the state’s tentacles as the next technological phase started to emerge in late 2017....
Ethereum, Tron and EOS Control 98% of All Dapp Volume
9.1.2020
2019 was a good year for dapps and a particularly good one for Tron and Ethereum. That’s the upshot of Dapp Review’s new report into crypto-powered decentralized applications. The sprawling research document inspects the major dapp networks in forensic detail and provides key takeaways....
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
9.1.2020
Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks...
Researcher’s Scathing Lightning Network Analysis Finds Flaws
9.1.2020
On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and...
Bitcoin to Surpass USD 20K, But Brace for a Surprise - BitPay CCO
9.1.2020
As every year, be prepared that something unforeseen could happen in 2020 also, fueling another bitcoin (BTC) rally, Sonny Singh, chief commercial officer of major crypto payment processor BitPay, reminded. In either case, he estimates that BTC will rise above USD 20,000 this year.
“A lot of people...
ECB Wants Active Role in Crypto, Will Not Deter Private Solutions
9.1.2020
The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd...
Crypto Brokerage Bitcoin Suisse Hopes Banking License Will Boost its IPO Bid
9.1.2020
Swiss crypto financial services provider Bitcoin Suisse is planning to acquire a banking license in 2020 as part of its plans to build momentum for an initial public offering (IPO).
The Zug-based company put in its license application in July last year, and is hoping to be given the regulatory...
Bitcoin’s Safe Haven Status ‘Beta Tested’ Once Again
9.1.2020
Source: iStock/Albert_Karimov
In just one week, marked with increased political tension in the Middle East, bitcoin (BTC) moved following traditional safe haven assets such as gold on two occasions.
Last week, BTC’s move up coincided with the news that Iranian general Qasem Soleimani was killed...
Kerala Outlines Plans to Become India’s Blockchain Hub
9.1.2020
The Indian state of Kerala is actively exploring using blockchain technology to improve a wide range of existing systems, including financial. Thousands of people are already being trained in the state to become blockchain experts, some of whom have already graduated, according to the state’s...
Bitcoin and Altcoins Turn South But Key Supports Intact
9.1.2020
Bitcoin price struggled to continue above the USD 8,450 and USD 8,500 resistance levels. As a result, BTC/USD started a downside correction below the USD 8,350 and USD 8,200 support levels. The price even traded below USD 8,000, but it is holding the key USD 7,850 support (09:00 UTC).
Similarly...
Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency
9.1.2020
As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international...
Bitcoin History Part 23: The First BTC Escrow
9.1.2020
Before the emergence of crypto exchanges and trustless multi-sig, early bitcoiners saw the need for an escrow service – a mediator to act as a go-between for strangers transacting online. Given the panoply of options now available, it is strange to think that escrow was once provided by a...