#NEWS
Bloomberg: European Crypto Mining Firm Bitfury Considers Going Public
Blockchain technology company Bitfury is considering a potential Initial Public Offering (IPO), which could reportedly become the first major public listing in the crypto industry in Europe, Bloomberg reported Oct. 25.
People familiar with the matter reportedly told Bloomberg that Bitfury is examining a range of options including raising debt financing or selling a minority stake. Should Bitfury go public in the following two years, its value could reach from $3 billion to $5 billion. However, the numbers could change depending on the markets and the health of the industry, purported sources told Bloomberg.
Bitfury has reportedly contacted global investment banks ahead of a potential IPO in London, Amsterdam, or Hong Kong next year.
Full article:
https://cointelegraph.com/news/bloomberg-european-crypto-mining-firm-bitfury-considers-going-public
Bloomberg: European Crypto Mining Firm Bitfury Considers Going Public
Blockchain technology company Bitfury is considering a potential Initial Public Offering (IPO), which could reportedly become the first major public listing in the crypto industry in Europe, Bloomberg reported Oct. 25.
People familiar with the matter reportedly told Bloomberg that Bitfury is examining a range of options including raising debt financing or selling a minority stake. Should Bitfury go public in the following two years, its value could reach from $3 billion to $5 billion. However, the numbers could change depending on the markets and the health of the industry, purported sources told Bloomberg.
Bitfury has reportedly contacted global investment banks ahead of a potential IPO in London, Amsterdam, or Hong Kong next year.
Full article:
https://cointelegraph.com/news/bloomberg-european-crypto-mining-firm-bitfury-considers-going-public
#NEWS
Ripple Reports Double Revenue From XRP Token Sales in Third Quarter of 2018
American tech company Ripple reported that its revenue from XRP token sales doubled in the third quarter (Q3) compared to the second quarter (Q2) of 2018, according to the company’s quarterly report published Oct. 25.
In the Q3 2018 XRP Markets Report, the company reveals that it sold $163.33 million worth of XRP in the Q3, which is more than double the $73.53 million it sold in the previous quarter. The sales were distributed between Ripple and its subsidiary XRP II, LLC, which saw $65.27 million and $98.06 million sales revenues respectively.
Full article:
https://cointelegraph.com/news/ripple-reports-double-revenue-from-xrp-token-sales-in-third-quarter-of-2018
Ripple Reports Double Revenue From XRP Token Sales in Third Quarter of 2018
American tech company Ripple reported that its revenue from XRP token sales doubled in the third quarter (Q3) compared to the second quarter (Q2) of 2018, according to the company’s quarterly report published Oct. 25.
In the Q3 2018 XRP Markets Report, the company reveals that it sold $163.33 million worth of XRP in the Q3, which is more than double the $73.53 million it sold in the previous quarter. The sales were distributed between Ripple and its subsidiary XRP II, LLC, which saw $65.27 million and $98.06 million sales revenues respectively.
Full article:
https://cointelegraph.com/news/ripple-reports-double-revenue-from-xrp-token-sales-in-third-quarter-of-2018
#NEWS
What 30 Million Ethereum Transactions Reveal about the State of DApp Development
New data from cryptocurrency prime dealer SFOX has painted a somewhat bleak picture of the current state of dApp development on the Ethereum network.
According to the data which was obtained from an analysis of more than 30 million Ethereum transactions, the top 10 smart contracts on the network are dominated by ICO and exchange activity, with a solitary spot for the popular CryptoKitties dApp.
The data shows that contrary to the promise of Ethereum as a simple and powerful engine for powering smart contracts that dApp developers can use for any purpose, the cost and scaling issues still present a significant challenge to the actualisation of that vision.
Full article:
https://www.ccn.com/what-30-million-ethereum-transactions-reveal-about-the-state-of-dapp-development/
What 30 Million Ethereum Transactions Reveal about the State of DApp Development
New data from cryptocurrency prime dealer SFOX has painted a somewhat bleak picture of the current state of dApp development on the Ethereum network.
According to the data which was obtained from an analysis of more than 30 million Ethereum transactions, the top 10 smart contracts on the network are dominated by ICO and exchange activity, with a solitary spot for the popular CryptoKitties dApp.
The data shows that contrary to the promise of Ethereum as a simple and powerful engine for powering smart contracts that dApp developers can use for any purpose, the cost and scaling issues still present a significant challenge to the actualisation of that vision.
Full article:
https://www.ccn.com/what-30-million-ethereum-transactions-reveal-about-the-state-of-dapp-development/
#NEWS
IBM Study: Central Banks Favor Digital Currencies for Interbank Settlements
Central banks maintain their distance from Bitcoin but have shown interests in issuing their private digital currencies. And a new IBM-OMFIF survey revealed how this future financial infrastructure would appear.
The Background
The study found that central banks are increasingly adopting Central Bank Digital Currencies (CBDCs). A clear overview revealed that banks were initially reluctant in taking the said technological leap. There were inconsistencies in the categorization of digital currencies that whether they would be wholesale or retail. A retail CBDC, per the IBM-OMFIF report, would have provided everybody the right to hold the digital currency-version of fiat money. Meanwhile, a wholesale CBDC would limit the supply to only selected financial institutions for interbank settlements.
“No major central bank intends to implement a retail CBDC in the near term. However, the debate about wholesale CBDCs has moved on from questions of feasibility to practical considerations,” the report read.
Full article:
https://www.ccn.com/ibm-study-central-banks-favor-digital-currencies-for-interbank-settlements/
IBM Study: Central Banks Favor Digital Currencies for Interbank Settlements
Central banks maintain their distance from Bitcoin but have shown interests in issuing their private digital currencies. And a new IBM-OMFIF survey revealed how this future financial infrastructure would appear.
The Background
The study found that central banks are increasingly adopting Central Bank Digital Currencies (CBDCs). A clear overview revealed that banks were initially reluctant in taking the said technological leap. There were inconsistencies in the categorization of digital currencies that whether they would be wholesale or retail. A retail CBDC, per the IBM-OMFIF report, would have provided everybody the right to hold the digital currency-version of fiat money. Meanwhile, a wholesale CBDC would limit the supply to only selected financial institutions for interbank settlements.
“No major central bank intends to implement a retail CBDC in the near term. However, the debate about wholesale CBDCs has moved on from questions of feasibility to practical considerations,” the report read.
Full article:
https://www.ccn.com/ibm-study-central-banks-favor-digital-currencies-for-interbank-settlements/
#NEWS
Delaware Helps Catch British Hacker Holding Over $200k in Bitcoin
Recent news shows Delaware playing an important role in the capture of British hacker Grant West. U.K. Authorities caught West last year and recovered $700,000 worth of Bitcoin.
The Catch
According to a report by Delawareonline, undercover U.K. officials caught West last year while he was traveling by train. West was convicted of fraud, in addition to other crimes.
Catching West “was the first time London Metropolitan Police arrested a cybercriminal” reports Delawarenewsonline. This case dates back to activity in 2015, with West hacking over 100 different companies.
The same report also uncovers the U.S. Secret Service of Delaware having a part in West’s capture. Roughly one year ago, Delaware helped British police uncover some of West’s stolen capital, finding an account with close to $217,000,000 of value in Bitcoin.
“Delaware for years has been the site of large numbers of government seizures of dollars from the bank accounts of suspected criminals because so many banks keep their central servers in the First State. Now, that has expanded to include bitcoin and other cryptocurrency”, reported Delawareonline.
Full article:
https://www.ccn.com/delaware-helps-catch-british-hacker-holding-over-200k-in-bitcoin/
Delaware Helps Catch British Hacker Holding Over $200k in Bitcoin
Recent news shows Delaware playing an important role in the capture of British hacker Grant West. U.K. Authorities caught West last year and recovered $700,000 worth of Bitcoin.
The Catch
According to a report by Delawareonline, undercover U.K. officials caught West last year while he was traveling by train. West was convicted of fraud, in addition to other crimes.
Catching West “was the first time London Metropolitan Police arrested a cybercriminal” reports Delawarenewsonline. This case dates back to activity in 2015, with West hacking over 100 different companies.
The same report also uncovers the U.S. Secret Service of Delaware having a part in West’s capture. Roughly one year ago, Delaware helped British police uncover some of West’s stolen capital, finding an account with close to $217,000,000 of value in Bitcoin.
“Delaware for years has been the site of large numbers of government seizures of dollars from the bank accounts of suspected criminals because so many banks keep their central servers in the First State. Now, that has expanded to include bitcoin and other cryptocurrency”, reported Delawareonline.
Full article:
https://www.ccn.com/delaware-helps-catch-british-hacker-holding-over-200k-in-bitcoin/
#NEWS
India’s Supreme Court Seeks Gov’t Report on Cryptocurrency in 2-Week Deadline
India’s Supreme Court, the country’s apex court, has directed the central government to present its official stance on cryptocurrency within two weeks.
In a telling move that seeks to end the ambiguity over the legality of cryptocurrencies like bitcoin in India, the government has been ordered to release its report on the cryptocurrency sector by the Supreme Court.
The Supreme Court has been inundated with multiple petitions filed by cryptocurrency exchanges and industry groups that have challenged a banking blockade enforced by the central bank in April, a crippling policy that has largely shuttered the domestic crypto sector.
While the Reserve Bank of India (RBI) has issued multiple cautions against the use of cryptocurrency over the years (from as early as 2013), they aren’t illegal in the country.
Full article:
https://www.ccn.com/indias-supreme-court-seeks-govt-report-on-cryptocurrency-in-2-week-deadline/
India’s Supreme Court Seeks Gov’t Report on Cryptocurrency in 2-Week Deadline
India’s Supreme Court, the country’s apex court, has directed the central government to present its official stance on cryptocurrency within two weeks.
In a telling move that seeks to end the ambiguity over the legality of cryptocurrencies like bitcoin in India, the government has been ordered to release its report on the cryptocurrency sector by the Supreme Court.
The Supreme Court has been inundated with multiple petitions filed by cryptocurrency exchanges and industry groups that have challenged a banking blockade enforced by the central bank in April, a crippling policy that has largely shuttered the domestic crypto sector.
While the Reserve Bank of India (RBI) has issued multiple cautions against the use of cryptocurrency over the years (from as early as 2013), they aren’t illegal in the country.
Full article:
https://www.ccn.com/indias-supreme-court-seeks-govt-report-on-cryptocurrency-in-2-week-deadline/
#NEWS
AMD: ‘Blockchain-Related GPU Sales in Third Quarter Were Negligible’
In its quarterly financial results report published Oct. 24, semiconductor manufacturer AMD reveals that “blockchain-related graphics processing unit (GPU) sales in the third quarter were negligible.”
American semiconductor company AMD stated in its third quarter 2018 financial report that revenue rose to $1.65 billion, up 4 percent year-over-year, although the figure is below estimates of $1.7 billion. The decrease is attributed to overall lower graphic revenue in the company’s Computing and Graphic business segment since last quarter.
Nevertheless, AMD’s Computing and Graphic segment revenue saw a 12 percent increase year-over-year up to $938 million primarily due to strong sales of Ryzen desktop and mobile products. Blockchain-related GPU sales were not significant in the third quarter. The average selling price of GPUs also decreased due to lower GPU channel sales.
Full article:
https://cointelegraph.com/news/amd-blockchain-related-gpu-sales-in-third-quarter-were-negligible
AMD: ‘Blockchain-Related GPU Sales in Third Quarter Were Negligible’
In its quarterly financial results report published Oct. 24, semiconductor manufacturer AMD reveals that “blockchain-related graphics processing unit (GPU) sales in the third quarter were negligible.”
American semiconductor company AMD stated in its third quarter 2018 financial report that revenue rose to $1.65 billion, up 4 percent year-over-year, although the figure is below estimates of $1.7 billion. The decrease is attributed to overall lower graphic revenue in the company’s Computing and Graphic business segment since last quarter.
Nevertheless, AMD’s Computing and Graphic segment revenue saw a 12 percent increase year-over-year up to $938 million primarily due to strong sales of Ryzen desktop and mobile products. Blockchain-related GPU sales were not significant in the third quarter. The average selling price of GPUs also decreased due to lower GPU channel sales.
Full article:
https://cointelegraph.com/news/amd-blockchain-related-gpu-sales-in-third-quarter-were-negligible
#NEWS
Is Bitcoin Primed to Initiate a Rally Above $7,000 After Weeks of Stability?
Throughout the past ten days, the Bitcoin price has remained in a tight range from $6,300 to $6,500, rarely initiating a noticeable movement.
The 1-day price chart of Bitcoin, as shown below, demonstrates nearly two weeks of stability in the lower price range of the dominant cryptocurrency, unable to engage in a short-term upside movement to confirm a breakout above a major resistance level.
Full article:
https://www.ccn.com/is-bitcoin-primed-to-initiate-a-rally-above-7000-after-weeks-of-stability/
Is Bitcoin Primed to Initiate a Rally Above $7,000 After Weeks of Stability?
Throughout the past ten days, the Bitcoin price has remained in a tight range from $6,300 to $6,500, rarely initiating a noticeable movement.
The 1-day price chart of Bitcoin, as shown below, demonstrates nearly two weeks of stability in the lower price range of the dominant cryptocurrency, unable to engage in a short-term upside movement to confirm a breakout above a major resistance level.
Full article:
https://www.ccn.com/is-bitcoin-primed-to-initiate-a-rally-above-7000-after-weeks-of-stability/
#NEWS
Blockchain, Ledger Release ‘First-of-Its-Kind’ Cryptocurrency Hardware Wallet
Cryptocurrency web wallet provider Blockchain has struck a deal with hardware wallet producer Ledger to manufacture a custom hardware device that will allow Blockchain users to seamlessly manage their online and offline funds through a single familiar interface.
Unveiled on Thursday, the Blockchain Lockbox, is, according to an announcement, a “first-of-its-kind hardware and software” solution. Leveraging the strengths of both companies, the Lockbox will provide Blockchain users with a way to move a portion of their funds offline, further securing them from hacks, while also having the option to leave funds in the firm’s non-custodial web wallet, which can be accessed apart from the hardware device.
“The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,” said Peter Smith, CEO and co-founder of Blockchain.
Full article:
https://www.ccn.com/blockchain-ledger-release-first-of-its-kind-cryptocurrency-hardware-wallet/
Blockchain, Ledger Release ‘First-of-Its-Kind’ Cryptocurrency Hardware Wallet
Cryptocurrency web wallet provider Blockchain has struck a deal with hardware wallet producer Ledger to manufacture a custom hardware device that will allow Blockchain users to seamlessly manage their online and offline funds through a single familiar interface.
Unveiled on Thursday, the Blockchain Lockbox, is, according to an announcement, a “first-of-its-kind hardware and software” solution. Leveraging the strengths of both companies, the Lockbox will provide Blockchain users with a way to move a portion of their funds offline, further securing them from hacks, while also having the option to leave funds in the firm’s non-custodial web wallet, which can be accessed apart from the hardware device.
“The Lockbox is a reflection of what our companies both do best. We’ve created an elegant software and hardware integration that offers more functionality than previously existed in our space. We’re thrilled to offer the Lockbox to Blockchain users so they can easily manage their funds online and offline seamlessly,” said Peter Smith, CEO and co-founder of Blockchain.
Full article:
https://www.ccn.com/blockchain-ledger-release-first-of-its-kind-cryptocurrency-hardware-wallet/
#NEWS
Bank of Canada Estimates 5% of Canadians Own Bitcoin
Data from the Bank of Canada and the Ontario Securities Commission has revealed that bitcoin adoption and general crypto awareness in Canada is growing steadily, with the percentage of Canadian poll respondents who own bitcoin rising from 2.9 percent in 2016 to 5 percent in 2017.
According to a recently released report by the Bank of Canada titled “Bitcoin Awareness and Usage inCanada: An Update,” Canadians between the ages of 45 and 54 were the group that reported the largest growth in bitcoin ownership over the period, multiplying nearly four times from 0.9 percent in 2016 to 3.5 percent in 2017. Similarly, an OSC report shows that about 1 in 10 Ontarians either currently hold or used to hold cryptoassets.
Full article:
https://www.ccn.com/bank-of-canada-estimates-5-of-canadians-own-bitcoin/
Bank of Canada Estimates 5% of Canadians Own Bitcoin
Data from the Bank of Canada and the Ontario Securities Commission has revealed that bitcoin adoption and general crypto awareness in Canada is growing steadily, with the percentage of Canadian poll respondents who own bitcoin rising from 2.9 percent in 2016 to 5 percent in 2017.
According to a recently released report by the Bank of Canada titled “Bitcoin Awareness and Usage inCanada: An Update,” Canadians between the ages of 45 and 54 were the group that reported the largest growth in bitcoin ownership over the period, multiplying nearly four times from 0.9 percent in 2016 to 3.5 percent in 2017. Similarly, an OSC report shows that about 1 in 10 Ontarians either currently hold or used to hold cryptoassets.
Full article:
https://www.ccn.com/bank-of-canada-estimates-5-of-canadians-own-bitcoin/