Image Image Image Image Image Image Image Image Image Image Image Image

| November 15, 2018

Scroll to top

Top

Daily Archives -

The Daily: Coincheck Relists Nem, Okex Adds Dong

November 14, 2018 |

The Daily: Coincheck Exchange Relists Nem, Okex Adds Vietnamese Dong

In this edition of The Daily, we report on Coincheck’s decision to resume nem (XEM) trading and relist two other coins — ether (ETH) and lisk (LSK). Also, Digital asset exchange Okex has added support for the Vietnamese fiat currency on its C2C platform and we cover the reasoning behind the move. Also in The Daily, a Canadian company has reached an exclusive agreement to negotiate the acquisition of a large European cryptocurrency exchange.  

Also read: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment

Nem Price Spikes as Coincheck Resumes Trading

The Daily: Coincheck Exchange Relists Nem, Okex Adds Vietnamese DongJapanese digital asset exchange Coincheck has resumed trading of three digital coins including nem (XEM), the cryptocurrency that was in the focus of arguably the biggest hack in crypto history. Approximately $ 530 million worth of nem were stolen in the attack on the platform in January of this year. According to its website, Coincheck has also relisted ether (ETH) and lisk (LSK) after a “technical safety confirmation” was obtained in cooperation with external experts.

The resumption of XEM deposits, withdrawals and trading resulted in a spike in the price of the cryptocurrency. Its market capitalization briefly surpassed the billion-dollar mark in the hours following the announcement. The market has since corrected itself and after losing almost 10 percent in the last 24 hours, XEM is selling for less than $ 0.11 at the time of writing and has a capitalization of around $ 955 million. On Oct. 30, the recently reopened exchange reintroduced bitcoin cash (BCH), bitcoin core (BTC), ethereum classic (ETC), and litecoin (LTC).

Okex Adds Support for Vietnamese Dong

Cryptocurrency exchange Okex has updated its customer-to-customer (C2C) trading system in order to allow users to place orders in another fiat currency, the Vietnamese dong, according to an announcement published on Tuesday. The Malta-based Chinese company launched its C2C platform last year, a variation of the peer-to-peer model, to enable customers to trade cryptocurrencies using fiat currencies. According to an earlier press release, no additional charges, other than what the users see as a buy/sell price, will be applied.

In the past few years, Vietnam has become an important cryptocurrency market and blockchain hub in the region of South East Asia. The country’s government, however, is still undecided on the question of how to regulate the industry and whether to legalize crypto-related transactions. Authorities in Hanoi are currently reviewing several alternative approaches to governing the sector, as news.Bitcoin.com reported recently. These range from imposing a total ban on activities involving digital assets to introducing a relatively lax regulatory regime. Several other platforms, such as Remitano, Mesito and Localbitcoins, are already offering peer-to-peer services for Vietnamese residents.

Canadian Company Poised to Acquire Exmo

The Daily: Coincheck Exchange Relists Nem, Okex Adds Vietnamese DongGover Media Plus, a company incorporated in Canada, has recently signed a Letter of Intent with Exmo, a leading European digital asset trading platform. The non-binding agreement will allow the holding company to exclusively negotiate the terms of the acquisition of the cryptocurrency exchange. According to a press release, the parties will unite their efforts in order to formulate a structure for the proposed transaction, making sure it is cost effective and compliant with legal and regulatory requirements. Upon successful completion, the new entity will continue Exmo’s business activities, providing services to over 2 million users in Europe, North America and Asia, said Roland Bopp, CEO of Gover Media.

The news about the upcoming acquisition comes after Exmo’s recent decision to update its deposit/withdrawal terms. The trading platform, popular in countries from the former Soviet space, has increased the fees for some of the available payment options. For example, the commission for withdrawals of funds in Russian rubles to Mastercard and Visa cards has jumped by one percentage point to 6.95 percent plus 100 rubles (~$ 1.5) per transaction. The fee for Advcash withdrawals in U.S. dollars has been increased as well, from 3.45 percent to 4.45 percent. The applicable commission for ruble withdrawals to Payeer accounts has been cut down to 1.95 percent.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Smartmockups.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Coincheck Relists Nem, Okex Adds Dong appeared first on Bitcoin News.

Bitcoin News

The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment

November 13, 2018 |

In today’s edition of The Daily, we feature an upcoming bitcoin cash token backed by physical diamonds and an American coffee company that has decided to add cryptocurrencies to its payment options. Additionally, we look at a public mining company that may get a dual listing in Canada, as well as the latest investment by Bitfury.

Also Read: GMO Internet Reports Crypto Exchange Profit Up Over 34% in Q3 2018

Rosetta Coffee Adopts Bitcoin Payments

The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest InvestmentRosetta Coffee, a specialty coffee company based in Lynchburg, Virginia, and Outer Banks, North Carolina, has announced that it will soon adopt cryptocurrency payment options. On the client-facing side of the business, transactions will go through Shopping Cart Elite’s e-commerce platform. With this, the online store will be able to accept BCH, BTC, BCD, DASH, ETH, LTC and XZC.

Rosetta Coffee emphasized that farmers will also directly benefit from the new process, as part of its commitment to purchasing fair-trade coffee. “Cryptocurrency allows them to receive payment directly and immediately without paying a middleman. They will be able to take home more of what they earn,” said Aaron Skeen, co-founder of Rosetta Coffee. “We think this is awesome and it aligns directly with our mission. In the coming weeks and months, we’ll be working with farmers to iron out this process and make it more accessible.”

Hello Diamonds Developing BCH Token

The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest InvestmentHello Diamonds, a part of the Cyprus-based Hello Group — which acquired the domain Bitcoincash.io earlier this year — is developing a new token backed up by physical diamonds. The company revealed that the “Diamcoin,” which is scheduled for launch in the first quarter of 2019, will be based on a bitcoin cash (BCH) smart contract protocol.

“The Bitcoin Cash network allows for fast and cheap transactions and this is fundamental to our reasoning,” the developers explained. “We firmly believe that the Bitcoin Cash smart contracts will be the best choice for Hello Diamonds and we aim to scale and be the world’s most used stablecoin.”

The token will use the Wormhole protocol, which creates the WHC “second layer” on top of the BCH network, a process which Hello Diamonds concluded “scales much better than Ethereum.”

Bitfarms Seeks Listing in Canada

The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest InvestmentTel Aviv Stock Exchange-listed cryptocurrency mining company Bitfarms has started the regulatory process to examine the potential of having its shares listed on a Canadian exchange. The Canada-headquartered company has filed a preliminary prospectus with the Ontario Securities Commission, which was made available to the public on Nov. 12. It details a potential business arrangement between Bitfarms and a newly created Canadian private company, Bitfarms Canada, for the planned move.

“We are currently evaluating a listing in Canada as we endeavor to grow Bitfarms’ visibility, improve our access to capital and streamline expenses,” commented Wes Fulford, chief executive officer of Bitfarms. “Our analysis suggests that Canada has one of the most active public markets in our emerging industry, with several blockchain infrastructure and cryptocurrency mining companies having listed and raised significant capital over the last 12 months.”

Bitfury Invests in Institutional Crypto Company

The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest InvestmentBitfury Group, the San Francisco-based manufacturer of bitcoin mining hardware — which recently completed an $ 80 million private placement funding round — has announced a new investment of its own. The company has acquired an undisclosed but “substantial” minority stake in Final Frontier, a specialist cryptocurrency investment firm operating out of Switzerland’s so-called “Crypto Valley” region.

This move is meant to help Bitfury to develop institutional-grade financial products and services for professional investors. “This is a groundbreaking partnership between a blockchain technology firm and an experienced team from traditional finance,” said Valery Vavilov, CEO of Bitfury. “With the blockchain space institutionalizing, we consider it an important step forward for the entire ecosystem and for our own mission to be the world’s leading full-service blockchain company.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment appeared first on Bitcoin News.

Bitcoin News

The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange

November 12, 2018 |

The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange

In today’s edition of The Daily, we report on the latest U.S. museum to open up to cryptocurrency payments, as well as several new lawsuits that have been filed over simjacking. Additionally, the government of Estonia has granted a license to B2BX Exchange, which will allow the company to attract traders from across Europe.

Also Read: Lawyer Invests $ 300 Million to Build Crypto City in the Nevada Desert

Science Museum to Take Bitcoin Payments

The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX ExchangeGreat Lakes Science Center, an engineering and technology museum in Cleveland, Ohio, has told local media outlets that it will begin accepting cryptocurrency payments on Nov. 13. The educational center is integrating Bitpay into its payments system for ticket sales ahead of a blockchain conference that will be held at the facility in December.

“Accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland,” stated Kirsten Ellenbogen, president and CEO of Great Lakes Science Center. “Last year we launched our mobile app that uses augmented and virtual reality to allow guests to experiment with flames in space and test spacecraft designs re-entering Earth’s atmosphere when they visit the NASA Glenn Visitor Center, and now they’ll be able to use their phone to pay for their admission using Bitcoin.”

Estonia Grants License to B2BX Exchange

The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX ExchangeB2BX Exchange, a cryptocurrency exchange developed by forex solutions provider B2broker, announced today that it has received approval for a regulatory license from the Estonian Financial Intelligence Unit (FIU). The company explained that it applied for a license in Estonia due to the country’s track record of openness to new technologies. Under the regulations the exchange will be expected to follow strict KYC procedures, but in return users will get increased daily limits on deposits and withdrawals, as well as access to fiat currencies via bank transfers and major payments providers.

“I have long been a proponent of regulation which I believe will promote further the adoption of cryptocurrency usage and cryptocurrency trading,” commented Arthur Azizov, CEO and founder of B2broker. “Our users will be able to benefit from an enhanced level of protection, safe in the knowledge that they are dealing with a world-leading, regulated cryptocurrency exchange.”

The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange

Florida Law Firm Files Simjacking Lawsuits

The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX ExchangeSilver Miller, a Florida-headquartered law firm, said on Thursday that it recently filed a number of arbitration claims against both AT&T and T-Mobile on behalf of cryptocurrency holders who have fallen victim to simjacking. The firm revealed it already represents one AT&T client who was robbed of more than $ 600,000 in cryptocurrency, as well as two T-Mobile clients who respectively lost $ 400,000 and $ 250,000 in cryptocurrency due to simjacking.

“By leaving holes in their security protocols and failing to properly train and monitor their employees, cellphone providers have assisted thieves in remotely taking over the SIM cards in people’s smartphones,” the law firm explained. It also called on anyone else who has been a victim of simjacking to join its legal efforts against the phone companies that enabled it.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: US Museum to Accept Bitcoin, Estonia Grants License to B2BX Exchange appeared first on Bitcoin News.

Bitcoin News

The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit Box

November 11, 2018 |

The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit Box

In today’s edition of The Daily, we feature a story about William Shatner flaunting his vast crypto knowledge, from Tether to Kitties. Additionally covered are a bank which wants to offer a digital deposit box for exchanges and investment funds, a new development in the Charlie Shrem lawsuit and more.

Also Read: Marshall Islands President Attacked Over National Crypto Plan

Tether Blows Captain Kirk’s Mind

William Shatner, the original Captain Kirk, wants you to know that he knows his crypto. After admitting back in June that he doesn’t fully understand the bitcoin mining business he was getting into, Shatner has now gone on a tweet storm showing just how much he learned.

Besides discussing developments in smart contracts, Shatner also dropped a truth bomb on Tether (USDT). He wrote: “I know how smart contracts work. That’s really not hard. What’s more mind bending is Tether being (supposedly) linked to the dollar but being worth less than a dollar…”

Obviously having a lot of fun with this dive into the world of cryptocurrency, the TV star was also happy to engage with fans about Crypto Kitties. And after learning that he can breed them, Shatner joked that he is now waiting for the accessories, “the Crypto Kitty Dream House and the Crypto Kitty Corvette.”

The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit Box

Canadian Bank to Launch Deposit Box for Exchanges

The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit BoxVersa Bank (previously Pacific & Western Bank of Canada) is a Canadian chartered bank publicly traded on the Toronto Stock Exchange. It announced on Thursday it has completed beta testing for its “digital safety deposit box” and is now starting to offer the new service to cryptocurrency exchanges and crypto-based investment funds. The company states it does not have the ability to ‘drill’ into a client’s deposit box, or to examine its contents.

President and CEO David Taylor stated: “While many are considering ideas and plans for a digital safety deposit box, we have designed and built it, and are now commercializing a first of its kind service that provides our clients with the most sophisticated security and authentication technology available globally, in which our clients enjoy absolute privacy. The Versa Vault will now begin rolling out services to cryptocurrency exchanges and crypto investment funds.”

Court Unfreezes Charlie Shrem’s Accounts

Earlier this month, it was reported that a U.S. federal court has ordered the freezing of Charlie Shrem’s accounts on Coinbase and Xapo. This was done after he was hit by a lawsuit alleging that the early bitcoin pioneer had stolen about 5,000 BTC from the founders of the Gemini exchange. But in what might be an indication of the merits of the allegations, the court has reversed the asset freezing order in a hearing on Thursday. Now Shrem can go back to his luxury shopping spree, and maybe get a third Maserati.

Cryptopay Mail Bomber

The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit BoxLondon’s Metropolitan Police has revealed on Friday that a 43-year-old Swedish man was sentenced to six and a half years in jail for mailing a homemade bomb to a “Bitcoin company.” The Stockholm District Court found Jermu Michael Salonen guilty of attempted murder for sending a bomb to Cryptopay – a UK based crypto wallet and payment solution.

According to the Met Police, the motive for Salonen’s actions is that he was locked out of his account, unable to access his funds after losing his password. In August 2017 he asked Cryptopay to reset his password and send him a new one but the company refused as this contravened their privacy policy.

Commander Clarke Jarrett, head of the Met Police Counter Terrorism Command, said: “Salonen seemingly made and sent a device that had the capability to seriously harm and even kill over something as inconsequential as a change of password. Fortunately the bomb did not detonate. It was due to sheer luck that the recipient ripped opened the package in the middle rather than using the envelope flap which would have activated the device.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Shatner Dives Deep Into Crypto, Bank to Launch Digital Deposit Box appeared first on Bitcoin News.

Bitcoin News

The Daily: BCH Outpaces LTC, Where Next for DEXs?

November 10, 2018 |

The Daily: BCH Outpaces LTC, Where Next for DEXs?

Saturday’s edition of The Daily builds upon some of the stories that have been developing all week. The last few days have been action-packed, with the coming Bitcoin Cash upgrade dominating the news cycle. We’ll take a look at how BCH has been faring as a payment network compared to Litecoin, and also check in on the health of decentralized exchanges in the wake of Etherdelta’s SEC smackdown.

Also read: ‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users

Bitcoin Cash Maintains Higher Onchain Volume Than Litecoin

Cryptocurrency analytics site Coinmetrics.io has shared a side-by-side comparison of how the Bitcoin Cash (BCH) and Litecoin (LTC) networks have been performing since the start of the year. The chart shows that since April, BCH has outstripped LTC for onchain volume, when expressed in dollar terms. “From May 2018 onwards, Litecoin went into relative disuse while Bitcoin Cash’s usage remained robust,” tweeted Coinmetrics.

The Daily: BCH Outpaces LTC, Where Next for DEXs?
BCH is shown in blue alongside LTC in grey

By July, litecoin’s onchain volume had dropped to around $ 60 million per day, while bitcoin cash was recording over $ 170 million. The data, which has been adjusted to remove the BCH stress test that may have otherwise skewed things, show’s litecoin’s volume to have plummeted sharply from October, while BCH’s surged towards the $ 200 million mark, aided by renewed interest due to the forthcoming Nov. 15 fork.

Troubled Times for Decentralized Exchanges

The Daily: BCH Outpaces LTC, Where Next for DEXs?The SEC’s decision to penalize Etherdelta founder Zachary Coburn for selling unregistered securities on his decentralized exchange (DEX) has given other operators pause for thought. While DEXs, like all cryptocurrency exchanges, have been monitoring the regulatory climate closely for some time, the near-$ 400,000 fine imposed on Coburn has spurred other DEX teams into action. On Nov. 8, decentralized token trading protocol 0x released a statement in response to the case, writing:

0x protocol is a technical standard for peer-to-peer exchange of blockchain-based tokens … our belief is that relayers are in the best position to determine how to utilize the 0x protocol, which types of tokens they want to make available to their users, and how to follow the legal requirements applicable for those tokens and users.

The Daily: BCH Outpaces LTC, Where Next for DEXs?The statement continued: “Both centralized and decentralized exchanges can learn from the Etherdelta case. The guidance from the SEC provides confirmation that legal requirements must be followed if certain tokens meet the definition of a security … the industry is working through the best way to do that and we plan to be part of the effort to help educate regulators about the technology.”

The head of the SEC’s new cyber unit, Robert Cohn, has also commented on the Etherdelta case, saying: “The focus is not on the label you put on something or the technology you’re using. The focus is on the function, and what the platform is doing. Whether it’s decentralized or not, whether it’s on a smart contract or not, what matters is it’s an exchange.”

Predicting ETH’s Price Based on ‘Abnormal’ Movements

The question of whether large cryptocurrency exchange deposits presage a drop in price has been a matter of debate for months. A number of Telegram and Twitter bots alert traders to such activity, with a view to providing advance warning of an impending dump. Coinfi has just published new research into the matter, in a bid to resolve the question “Can abnormal movements of ETH in or out of exchanges predict ETH price movements?”

The Daily: BCH Outpaces LTC, Where Next for DEXs?
The red dots show the number of times Coinfi’s signal was triggered, predicting an ETH drop.

They explain: “When looking at intraday returns on the day of the signal trigger, [ETH] prices tended to go down. But looking at the next day returns, price tended to go back up,” before concluding “Abnormal movements of ETH into or out of exchanges does have a correlation to prices … the first 24 hours would generally correspond to a decrease in prices, while the next 24 hours would generally correspond to a recovery in ETH prices.” It seems, at least in the case of ethereum, that there may be some wisdom in watching for whales sending huge sums to cryptocurrency exchanges.

What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.


Images courtesy of Shutterstock, Coinmetrics.io, Coinfi.


Need to calculate your bitcoin holdings? Check our tools section.

The post The Daily: BCH Outpaces LTC, Where Next for DEXs? appeared first on Bitcoin News.

Bitcoin News

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

November 9, 2018 |

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

In this edition of The Daily, we cover the launch of Binance Research, a new analysis division that will produce in-depth reports for customers of the leading cryptocurrency trading platform. We also look at Cobinhood’s decision to add several stablecoins to its platform and the reasoning behind the move. In addition, we focus on SWIFT’s denial of rumors that it has partnered with Ripple, as well as a plot of virtual land that was sold on Decentraland for a record amount of money.  

Also read: Security Experts Rank Exchanges by Safety, Malta Dominates Trade

Binance Research Starts With Two Reports

Binance, currently the largest digital asset exchange in terms of daily trading volume, has launched a new analysis division. Binance Research will focus on creating institutional-grade research reports, the trading platform said in an announcement on its website. Binance has referred to the service as a new pillar of its ecosystem and claims it’s going to bring more transparency, while also improving the quality of information that’s available in the cryptocurrency space.

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 StablecoinsBinance Research has already produced two detailed reports. The first one is ­devoted to Loom Network, a solution for Ethereum that allows for scalable user-facing dapps and games. The second report covers Gochain, a scalable and decentralized blockchain that supports smart contracts and distributed applications. The research division’s next report will be about Pundi X, a company that has built a platform enabling cryptocurrency payments through POS terminals.

This past summer, the cryptocurrency exchange also launched an educational portal called Binance Academy. The platform was announced as an open-access learning hub supported by the team of the company. Binance was established in China last year and has since expanded globally to become the leading trading platform in the crypto space.

Cobinhood Announces Support for Stablecoins

Cobinhood, a platform that exchanges cryptocurrencies without trading fees, has announced that it’s adding four stablecoins to its offerings. Starting Nov. 9, users will be able to trade gemini dollar (GUSD), makerdao (DAI), the paxos standard token (PAX) and trueusd (TUSD).

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 StablecoinsIn a press release, Cobinhood explained its decision to list the coins. It noted that each one of them has unique features, but said all of them are designed to ensure greater market stability, as regular cryptocurrencies can be particularly volatile. The Taiwanese company also explained that the newly added tokens will be available on its platform for deposits, withdrawals and trading.

“We are increasing the presence of stablecoins on the Cobinhood exchange so the community understands that their voices have been heard and stability is being made possible,” said Wei-Ning Huang, co-founder of Cobinhood. “Our mission is to make the space more approachable for anyone who wants to participate.”

SWIFT Denies Rumors of Partnership With Ripple

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 StablecoinsSWIFT, the international consortium that operates a worldwide network enabling banks to transmit messages and financial transactions, has denied recent rumors about the integration of Ripplenet technologies as part of its next system upgrade. A spokesperson for SWIFT told Finance Magnates the changes had nothing to do with Ripple.

The upcoming upgrade involves an add-on to SWIFT’s global payments innovation (GPI) system. The standard was introduced in January of last year in order to increase the operating speed of the payment network, which has been used in correspondent banking for decades. The upgrade was announced this past spring and is scheduled to be implemented on Nov. 18.

Plot of Virtual Land Sold for $ 215,000

An investor recently purchased a 126-parcel plot of land on Decentraland for 2.7 million mana, the virtual reality platform’s native token. The acquisition, valued at roughly $ 215,000, sets a new record for Decentraland, which is owned by its users. The estate was purchased via the platform’s marketplace. It allows users to trade “LAND parcels,” which represent non-fungible digital assets maintained through a smart contract on the Ethereum network.

The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

The virtual reality project recently launched a new version of Agora, a platform that allows holders of mana tokens to vote on important matters. One of the first questions they are being asked concerns the time frame for the next land auction, when 9,000 unowned parcels of land will be made available to the community.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins appeared first on Bitcoin News.

Bitcoin News

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume

November 8, 2018 |

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume

In today’s edition of The Daily, we cover several different reports about the cryptocurrency ecosystem. The first was written by a cybersecurity firm that’s trying to identify the safest exchanges through which to trade. The second report offers a detailed breakdown of the market based on a host of different parameters, while another shows that corporations have abused the term “blockchain” so much that it has become poisonous.

Also Read: Israeli Central Bank to Hold off on Issuing Digital ‘E-Shekel’ Coin

And the Safest Exchange Is…

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeGroup-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. This is meant to provide insurers a way to decide what rates to offer clients that wish to insure their holdings on different exchanges.

“In the first place, we assess how crypto exchanges deal with crypto and fiat assets: what are the exchanges assets keys’ storage and management procedures,” a Group-IB spokesperson explained to TNW Hard Fork. “In some cases, with founders’ consent, the assessment includes penetration testing using social engineering methods aimed at the network compromise through the most vulnerable link at any organization — humans.”

According to the rankings, Okex, Huobi Pro, and Coincheck are among the least safe exchanges. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex rank above those exchanges, but Group-IB views Bittrex and Coinbase Pro as even safer. It ranks Kraken as the safest exchange.

The Current Industry Landscape

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeBitmex Research has presented a report produced by Cryptocompare which offers a very detailed look at the exchange ecosystem. It reveals that Malta has been able to position itself as a global trading hub, as exchanges that are now legally based there produce the highest total daily trade volume, at just under $ 1.4 billion. The island nation is followed by South Korea, with about $ 840 million, and Hong Kong at approximately $ 560 million.

In terms of fiat pairs, the U.S. dollar represented 50 percent of BTC trading on average. The greenback was followed by the Japanese yen at 21 percent and the Korean won at 16 percent.

The report also shows that centralized exchanges continue to dominate trading. The combined average daily volume on the top five decentralized exchanges stands at just under $ 2.4 million, which is a mere 0.4 percent of total exchange volume.

Another interesting statistic from the report is that 11 percent of the top exchanges have been hacked in the past. And only one-third of the leading exchanges keep a majority of users’ funds in cold storage.

Blockchain Winter Is Coming

The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade VolumeBlockchain hype has been a constant feature of mainstream financial media coverage of the cryptocurrency space for about two years now. Many big companies that have wanted free exposure but lacked any connection to cryptocurrency have simply repackaged old database products as private blockchains. Others have simply claimed to launch pilot programs to put everything from vegetables to shipping containers on blockchains.

But now a new report by advisory firm Forrester (Nasdaq: FORR) concludes that “continued hype and unrealistic promises drive risk of a looming Blockchain Winter.” In fact, the research shows that companies are already switching out the term in exchange for “distributed ledger technology.” Now it remains to be seen how long companies will be able to milk “DLT” as a buzzword before moving on to the next one.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Security Experts Rank Exchanges by Safety, Malta Dominates Trade Volume appeared first on Bitcoin News.

Bitcoin News

The Daily: Pro-Bitcoin Governor Elected, Augur Predicts the US Midterms

November 7, 2018 |

The Daily: Pro-Bitcoin Governor Elected, Augur Predicts the US Midterms

Wednesday’s edition of The Daily has a distinctly political tint, coming a day after U.S. voters turned out for the midterm elections. There was plenty to excite supporters on both sides of the divide — the pro and anti-cryptocurrency divide, that is. In addition to talking politics, we take a look at the new Stellar airdrop that’s causing quite a stir.

Also read: Car Dealerships and Airport Limos in Japan Begin Accepting Crypto

Crowd Power Is the Midterms’ Biggest Winner

It was widely predicted that the Democrats would regain control of the U.S. House of Representatives in the midterm elections, not least on decentralized prediction market Augur. The crowd-powered Ethereum application had close to $ 1.4 million in ETH staked on the outcome of the event, with 97 percent favoring the Democrats. For anyone interested in seeking crowd wisdom on other political events, Augur is currently calling a 36 percent chance of Donald Trump being re-elected in 2020.

The Daily: Pro-Bitcoin Governor Elected, Augur Predicts the US Midterms

Colorado Gains Pro-Bitcoin Governor

The Daily: Pro-Bitcoin Governor Elected, Augur Predicts the US Midterms
Jared Polis

In addition to voting for the House and the Senate, U.S. citizens in 36 states cast their vote in gubernatorial elections, including Colorado. There, Bitcoin advocate and pro-tech candidate Jared Polis was elected as governor. The tech advocate and gamer earned a fond place in bitcoiners’ hearts in 2014 when he vowed to fight any attempt by the government to restrict the cryptocurrency’s growth.

In another boon for bitcoin advocates, Gavin Newsom was elected governor of California yesterday. The 51-year-old Democrat was one of the first politicians to accept campaign donations in BTC back in 2014.

Blockchain’s Latest Airdrop Causes a Stir

BTC wallet service Blockchain.com is airdropping $ 125 million of Stellar’s lumens (XLM) to its users. The wallet provider recently launched a service allowing cryptocurrency developers to airdrop tokens to its 30 million users. The “free” crypto comes with a catch, though: Wallet owners will need to undergo KYC to participate.

While there are clear benefits of distributing tokens to as wide a community as possible, not least to Stellar, the $ 125 million giveaway will not change the fact that XLM’s ownership is highly concentrated. Excluding the tokens held by the Stellar Development Foundation, the top 100 holders possess almost 95 percent of all XLM. Airdropping 0.47 percent of the total circulating supply of 104 billion will not alter that. “There’s nothing particularly exciting or ‘inclusive’ about a centralized token’s KYC’d airdrop,” tweeted Matt Odell. “Don’t sell your privacy for $ 25 ‘worth’ of XLM.”

Gwyneth Goes Goopy for Bitcoin

Celebrity endorsement of cryptocurrency is generally welcomed by the community, but bitcoiners aren’t sure what to make of Gwyneth Paltrow shilling BTC. The fact that her pro-bitcoin article was authored by the CEO of wallet service Abra, which used the opportunity to promote its services, sat uneasily with many, with The Next Web exposing the links between Gwyneth Paltrow and Abra.

Many bitcoiners, however, seemed more offended that their beloved cryptocurrency was being shilled by a site that sells $ 30 psychic vampire repellent and $ 55 vaginal steamers.

What are your thoughts on today’s news tidbits as featured in The Daily? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post The Daily: Pro-Bitcoin Governor Elected, Augur Predicts the US Midterms appeared first on Bitcoin News.

Bitcoin News

The Daily: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit

November 5, 2018 |

The Daily: Crypto Game Developer Raises $  15M, Bitcoin Pioneer Faces Lawsuit

In today’s edition of The Daily, we look at a successful funding round for a developer of a popular cryptocurrency-powered game. We also report on a famous early entrepreneur in the Bitcoin space who has been accused of stealing money to buy Maserati cars, big powerboats and luxury real estate.

Also Read: Lawyer Invests $ 300 Million to Build Crypto City in the Nevada Desert

Google and Samsung Invest
in Crypto Kitties Developer

The Daily: Crypto Game Developer Raises $  15M, Bitcoin Pioneer Faces LawsuitDapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has announced that it has raised $ 15 million in a financing round led by Venrock. The investment arms of Google and Samsung also participated, bringing the total funds raised by the Canadian company to $ 27.85 million. Additional investors in the round included Coin Fund, Animoca Brands, June Fund, HOF Capital, GBIC, John Pfeffer, and Matt Bellamy, the lead singer of the rock band Muse. Previous investors in Dapper Labs also participated, including Andreessen Horowitz, Union Square Ventures, SV Angel, Digital Currency Group, William Mougayar, Hex Capital, and Rising Tide Fund.

Dapper Labs will use the funds to expand both locally and globally, and has already revealed plans to establish a U.S. subsidiary. In addition, the investment will help the Vancouver-based company to accelerate the build-out of its technology.

“This round of financing was about getting the right partners around the table to bring compelling content to the blockchain — and make sure usability and infrastructure allow for adoption by mainstream consumers,” explained Roham Gharegozlou, CEO of Dapper Labs.

Charlie Shrem Accused of Stealing Funds

The Daily: Crypto Game Developer Raises $  15M, Bitcoin Pioneer Faces LawsuitCharlie Shrem, who is known for running the company Bitinstant during the early days of Bitcoin, has only been out of prison for a little over two years, but is already facing new legal issues again. Cameron and Tyler Winklevoss, the founders of the Gemini exchange, have accused Shrem of stealing about 5,000 BTC from them. The crypto-pioneer was hired by the two entrepreneurs in 2012 to acquire a large amount of coins.

The twins have also claimed that Shrem used the funds he allegedly stole to go on a recent luxury spending spree, which included purchases of two Maserati cars, two boats, and multiple homes. This was enough for a federal court to order the freezing of Shrem’s accounts on Coinbase and Xapo, which a private investigator hired by the Winklevoss twins linked to the allegedly stolen BTC.

“The lawsuit erroneously alleges that about six years ago Charlie essentially misappropriated thousands of Bitcoins,” Shrem’s lawyer Brian Klein told the New York Times. “Nothing could be further from the truth. Charlie plans to vigorously defend himself and quickly clear his name.”

Google CEO’s Son Is a Miner

The Daily: Crypto Game Developer Raises $  15M, Bitcoin Pioneer Faces LawsuitSundar Pichai, the CEO of Google, revealed at a recent conference that his son has been mining cryptocurrency on the family’s home computer. If this sounds familiar it’s because back in July, Google co-founder Sergey Brin said that he had started mining to improve his son’s knowledge of cryptocurrency. He then got hooked himself.

“Last week I was at dinner with my son, and I was talking about something about bitcoin, and my son clarified what I was talking about was Ethereum, which is slightly different. He’s 11 years old. And he told me he’s mining it,” Pichai said, as quoted by Business Insider. “I realized he understood Ethereum better than how paper money works. I had to talk to him about the banking system, the importance of it. It was a good conversation.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Crypto Game Developer Raises $ 15M, Bitcoin Pioneer Faces Lawsuit appeared first on Bitcoin News.

Bitcoin News

The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land Sales

November 4, 2018 |

The Daily: Hodl Hodl Launches OTC Trading Desk, Decentraland Votes on Land Sales

In this edition of The Daily, we cover the launch of an OTC trading desk by P2P exchange Hodl Hodl and news about a Belarusian exchange trading cryptocurrencies out of New York. We also take a look at Decentraland’s new voting platform that allows members of the community to express their opinions on future development of the virtual reality project.

Also read: SEC Ramps Up Enforcement, 60% of Smart Contracts Are Dormant

P2P Exchange Offers Non-Custodial OTC Trading

The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land SalesPeer-to-peer cryptocurrency exchange Hodl Hodl has launched an over-the-counter (OTC) trading desk in partnership with Tenbagger, a brokerage company licensed in the European Union. The new platform will allow clients to buy and sell large amounts of cryptocurrency with same-day settlement. It will also operate independently from Hodl Hodl’s existing P2P platform that currently supports purchases and sales of BTC and LTC.

Latvia-based Hodl Hodl has also developed a non-custodial cryptocurrency escrow service for the new OTC platform to ensure high level of security and transparency. According to an announcement on Medium, the exchange will create a unique multisig escrow account on the bitcoin core blockchain for each trade.

The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land Sales

Last month, the no-KYC trading platform introduced a new type of multisig escrow account for contracts that requires two out of three keys to make a release. The system provides buyers with more control over the funds locked in escrow – they have one of the keys while the other two belong to the seller and the exchange. Hodl Hodl also recently announced it’s working to offer peer-to-peer bitcoin futures contracts.

Belarusians Launch US-Based Cryptocurrency Exchange

A new cryptocurrency exchange, founded by Belarusian immigrants, is now offering trading services out of New York. The team behind Crexby insists theirs is the first major Belarusian project in the space since the decree “On the Development of the Digital Economy” signed by President Alexander Lukashenko entered into force on March 28 this year.

The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land Sales“Crexby is a revolving door for Belarus to the outside world, and for the global community to Belarus,” they said, noting that in addition to providing exchange services, the platform can also facilitate the implementation of unique projects, from charity fundraising initiatives to attracting large investments to crypto-friendly Belarus.

Crexby, whose office is registered at 30 Wall Street in Manhattan, is focused on both crypto-to-crypto and crypto-to-fiat trading. It supports 13 cryptocurrencies, including some of the leading coins by market capitalization such as bitcoin core (BTC), ethereum (ETH), and litecoin (LTC) as well as popular altcoins such as monero (XMR). The company claims it stores 90 percent of the digital assets in cold, multi-signature wallets and promises to expand the listings in the future taking into account requests and interest from its customer base.

Decentraland’s New Voting Platform Is Now Live

The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land SalesVirtual reality project Decentraland has recently launched version 2.0 of its voting platform, Agora, that will allow holders of mana tokens to express their will on important matters. According to an announcement published on Decentraland’s website, the first two public polls on Agora concern key development questions.

The community has been asked: “Should we remove the ability to pause mana transactions?,” a question addressing a security feature built into the smart contract for mana that enables all transfers of the token to be halted. Developers say the feature is no longer needed as mana has been in circulation for over a year and they feel confident in removing the pause function.

The answer to the second question, “When should the next land auction be held?,” must determine when 9,000 unowned parcels of land will be made available to the community, the two options for holding Decentraland’s second land auction being Q4 of 2018 and Q1 of 2019. So far, the community has voted overwhelmingly, with 95 percent in favor of Q4 of 2018.

Officials Detained for Selling Passports for Bitcoin

The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land SalesBulgarian law enforcement have arrested several officials who allegedly accepted bribe in cryptocurrency to issue passports to citizens of Ukraine, Moldova and Macedonia. The three countries are home to Bulgarian ethnic communities whose members are eligible for citizenship provided they prove their Bulgarian ancestry but the application process can take months on end and even years. Passports issued by Sofia have become attractive since the country joined the EU in 2007.

Among the accused are Petar Haralampiev, head of the state agency for the Bulgarian diaspora, its secretary, Krasimir Tomov, and one of its employees, Marko Stoyov, who remain in custody. Their lawyers insist authorities have no proof the defendants accepted any unauthorized payments. Representatives of the Prosecutor’s office claim, however, that investigators found bitcoin wallets used to facilitate the illegal transactions. Deputy Prime Minister Valeri Simeonov, who is responsible for the agency, rejected calls to step down.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Hodl Hodl Launches OTC Desk, Decentraland Votes on Land Sales appeared first on Bitcoin News.

Bitcoin News