Crypto ATM market to skyrocket in next five years – research report
The cryptocurrency automated teller machine (ATM) market is expected to grow nearly tenfold over the next five years, according to a report by ResearchandMarkets.
According to the 94-page research paper, the crypto ATM market will post a compound annual growth rate (CAGR) of 54.7%, rising in value from $16.3 million in 2018 to $144.5 million in 2023.
“Growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the crypto ATM market,” ResearchandMarkets said.
The analysts noted the growing demand for two-way ATMs, where users can buy and sell cryptocurrencies. The rising popularity of these machines is fueled by their multifunctionality features, ResearchandMarkets added.
According to Coin ATM Radar, one-way ATMs currently dominate the market, accounting for about 62.5% of all existing machines. Most of the crypto ATMs are located in the US.
ResearchandMarkets expects the North American region to maintain its leading position due to its favorable investment environment and increasing rate of crypto adoption, as well as the large number of crypto ATM hardware and software providers operating in Canada and the US. Other countries, including Germany and Japan, are also seen expanding their crypto ATM capabilities.
The analysts also outlined factors that may hinder the growth of the crypto ATM market in some regions:
“Uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrencies restrict the market growth for crypto ATM manufacturers and operators. Further, concern regarding security and privacy is expected to pose a challenge to the market players.”
While the report does not cite security as a concern, Bitcoin (BTC) ATM malware has reportedly been sold on the dark web for $25,000. The malware comes with a ready-to-use card with EMV/NFC capabilities, cybersecurity firm Trend Micro revealed in August.
More recently, Russian police officers seized more than 20 cryptocurrency ATMs, owned and operated by a company called BBFpro. The reason for the appropriation remains unknown, but BBFpro said the authorities wanted to know the working system used in the ATMs and how the company operates these machines.
The cryptocurrency automated teller machine (ATM) market is expected to grow nearly tenfold over the next five years, according to a report by ResearchandMarkets.
According to the 94-page research paper, the crypto ATM market will post a compound annual growth rate (CAGR) of 54.7%, rising in value from $16.3 million in 2018 to $144.5 million in 2023.
“Growing fund transfers in developing countries, fluctuating monetary regulations, and increasing installations of crypto ATMs in restaurants, bars, general stores, and gas stations are the factors driving the growth of the crypto ATM market,” ResearchandMarkets said.
The analysts noted the growing demand for two-way ATMs, where users can buy and sell cryptocurrencies. The rising popularity of these machines is fueled by their multifunctionality features, ResearchandMarkets added.
According to Coin ATM Radar, one-way ATMs currently dominate the market, accounting for about 62.5% of all existing machines. Most of the crypto ATMs are located in the US.
ResearchandMarkets expects the North American region to maintain its leading position due to its favorable investment environment and increasing rate of crypto adoption, as well as the large number of crypto ATM hardware and software providers operating in Canada and the US. Other countries, including Germany and Japan, are also seen expanding their crypto ATM capabilities.
The analysts also outlined factors that may hinder the growth of the crypto ATM market in some regions:
“Uncertain regulatory status of cryptocurrencies, and lack of awareness and technical understanding regarding cryptocurrencies restrict the market growth for crypto ATM manufacturers and operators. Further, concern regarding security and privacy is expected to pose a challenge to the market players.”
While the report does not cite security as a concern, Bitcoin (BTC) ATM malware has reportedly been sold on the dark web for $25,000. The malware comes with a ready-to-use card with EMV/NFC capabilities, cybersecurity firm Trend Micro revealed in August.
More recently, Russian police officers seized more than 20 cryptocurrency ATMs, owned and operated by a company called BBFpro. The reason for the appropriation remains unknown, but BBFpro said the authorities wanted to know the working system used in the ATMs and how the company operates these machines.
Orvium - Open and Transparent Science Powered By Blockchain
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
It is time to get involved and get the control back of the human knowledge.
Orvium is more than another startup — you are about to participate in a project driven by top engineers and scientists with many years of experience driving innovation at CERN, the birthplace of the Web, and NASA.
Orvium aims to disrupt one of the most lucrative industry world-wide, with profit margins reported to exceed those of companies such as Google, Amazon, and Apple, while making science more transparent, universal and open than ever. Orvium creates a unique decentralized platform powered by blockchain, decentralized storage, big data and artificial intelligence to create an unprecedented decentralized solution to process, validate, disseminate and preserve scientific knowledge forever.
We want you to be part of our future: Our TGE offers you the unique opportunity to buy ORVIUM tokens and join an excellent team. With your participation, we are going to scale science and become the leading publication platform while returning the benefits of science to society. The Web was originally designed to meet the demand for transparent and automatic information sharing between scientists around the world, lets do it now and for all.
Early-birds will be rewarded with a 10% bonus during our pre-sale.
Join us and be part of this exciting journey:
https://t.me/orvium
https://orvium.io
Telegram
Orvium
Public group of the Orvium Project orvium.io
Crypto exchange Kraken, currently ranked 11th largest globally by daily trade volumes, has denied rumors that it is laying off staff in its unit in Halifax, Canada, Finance Magnates reports September 6.
The denial comes after a post to a local discussion thread on reddit alleged that Kraken’s “unit 102 at 60 Highfield park drive” had laid off “hundreds of people…after making them sign voluntary quit forms,” further claiming that a “giant commotion” had erupted in response to an alleged security breach. After making the claim, the redditor in question asked thread contributors, “was anyone here one of those people?”
The denial comes after a post to a local discussion thread on reddit alleged that Kraken’s “unit 102 at 60 Highfield park drive” had laid off “hundreds of people…after making them sign voluntary quit forms,” further claiming that a “giant commotion” had erupted in response to an alleged security breach. After making the claim, the redditor in question asked thread contributors, “was anyone here one of those people?”
Two long-term possibilities:
1. All cryptos go to zero.
2. BCH goes to one million USD per coin and all other cryptos go to zero.
Only BCH has economics that work long-term. But even BCH will fail without massive growth.
Adoption trumps everything.
🗣Ryan X. Charles, Blockchain engineer since 2011.
1. All cryptos go to zero.
2. BCH goes to one million USD per coin and all other cryptos go to zero.
Only BCH has economics that work long-term. But even BCH will fail without massive growth.
Adoption trumps everything.
🗣Ryan X. Charles, Blockchain engineer since 2011.
Asia’s first cryptocurrency Visa Debit Card set to launch in Singapore
Hong Kong-based blockchain start-up named Crypto.com is set to launch Asia’s first cryptocurrency enabled Visa debit card. Per a report on South China Morning Post on September 5, 2018, the firm has applied for a license and plans to issue 100,000 cards globally over the next two months, starting with Singapore.
The debit card will be linked to fiat and crypto wallets supporting BTC, ETH, LTC, MCO and BNB in addition to seven fiat currencies including USD, Singapore dollar and Hong Kong dollar.
Disrupting the Existing Mechanism
According to the report, the firm has already been granted the stored-value facility licensed by the Monetary Authority of Singapore (MAS). It is understood that the Visa crypto cards will be issued in partnership with Wirecard Bank from Germany.
With an aim to become a crypto-based money-lending enterprise in the future, Crypto.com is also planning to apply for money lending licenses in Singapore and Hong Kong. This move is seen as a catalyst for the company to transition it from a debit card issuing fintech firm to a digital asset-backed money-lending company.
The firm has ambitions of disrupting the credit card industry claiming that banks have been unethical in issuing an unsecured revolving credit to consumers who can barely afford their interest rates.
Kris Marszalek, co-founder, and CEO of Crypto.com stated, “The credit card business model is one that is bordering on unethical business, as banks make a big chunk of profit from people who cannot afford late fees. These people should not be given a credit card in the first place.”
Regulations to Negate the Risk
About possibilities of credit risk from its borrowers, Crypto.com CEO said that customers would only be able to borrow fiat currency up to 40-60 percent of the value of cryptocurrencies they must pledge to the company as collateral.
Credit history will not be checked for the crypto debit card application, but KYC procedures will be carried out. Crypto.com will bear the volatility risks with bitcoin and altcoins.
The concept of cryptocurrency enabled debit cards is not a new idea by any sorts. BTCManagerreported on March 14, 2018, about Wirex launching its own global multi-currency debit card to enable seamless crypto transactions and provide the much-needed liquidity to digital currencies such as bitcoin.
Hong Kong-based blockchain start-up named Crypto.com is set to launch Asia’s first cryptocurrency enabled Visa debit card. Per a report on South China Morning Post on September 5, 2018, the firm has applied for a license and plans to issue 100,000 cards globally over the next two months, starting with Singapore.
The debit card will be linked to fiat and crypto wallets supporting BTC, ETH, LTC, MCO and BNB in addition to seven fiat currencies including USD, Singapore dollar and Hong Kong dollar.
Disrupting the Existing Mechanism
According to the report, the firm has already been granted the stored-value facility licensed by the Monetary Authority of Singapore (MAS). It is understood that the Visa crypto cards will be issued in partnership with Wirecard Bank from Germany.
With an aim to become a crypto-based money-lending enterprise in the future, Crypto.com is also planning to apply for money lending licenses in Singapore and Hong Kong. This move is seen as a catalyst for the company to transition it from a debit card issuing fintech firm to a digital asset-backed money-lending company.
The firm has ambitions of disrupting the credit card industry claiming that banks have been unethical in issuing an unsecured revolving credit to consumers who can barely afford their interest rates.
Kris Marszalek, co-founder, and CEO of Crypto.com stated, “The credit card business model is one that is bordering on unethical business, as banks make a big chunk of profit from people who cannot afford late fees. These people should not be given a credit card in the first place.”
Regulations to Negate the Risk
About possibilities of credit risk from its borrowers, Crypto.com CEO said that customers would only be able to borrow fiat currency up to 40-60 percent of the value of cryptocurrencies they must pledge to the company as collateral.
Credit history will not be checked for the crypto debit card application, but KYC procedures will be carried out. Crypto.com will bear the volatility risks with bitcoin and altcoins.
The concept of cryptocurrency enabled debit cards is not a new idea by any sorts. BTCManagerreported on March 14, 2018, about Wirex launching its own global multi-currency debit card to enable seamless crypto transactions and provide the much-needed liquidity to digital currencies such as bitcoin.
✅Robinhood, the mobile app for crypto trading, is looking for a new CFO, and plans to conduct an initial public offer (IPO).
CEO of the start-up Baiju Bhatt noted that his team "is now actively engaged in the search for CFOs". In addition, Robinhood plans to become a public company.
🗣Obtaining the status of a public company, I believe, very closely matches our mission. And this, of course, on the horizon, and not in the short term. However, we are thinking about this.
Also, Bhatt stressed that his company is a financial services provider in the US, which means that Robinhood's security measures comply with the requirements of regulators such as the Securities and Exchange Commission (SEC) and the Financial Services Regulatory Authority (FINRA).
CEO of the start-up Baiju Bhatt noted that his team "is now actively engaged in the search for CFOs". In addition, Robinhood plans to become a public company.
🗣Obtaining the status of a public company, I believe, very closely matches our mission. And this, of course, on the horizon, and not in the short term. However, we are thinking about this.
Also, Bhatt stressed that his company is a financial services provider in the US, which means that Robinhood's security measures comply with the requirements of regulators such as the Securities and Exchange Commission (SEC) and the Financial Services Regulatory Authority (FINRA).
One Billion Dollars Worth of Bitcoin on the Move, $100 Million Sent to Exchanges
very old bitcoin address, which did not move its coins since it was funded on the 2nd of July 2011 until March 2014, has been chopping 111,114 into smaller and smaller pieces for obfuscation over the past four years, with 15,593 (~$109 million) recently ending up on Bitfinex, Binance, and 210 in Bitmex according to an unverified analysis.
The address in question has been subject to much speculation not least because one transaction with a very small amount of bitcoin was linked to the former bitcoin drug bazar, Silkroad.
The address, moreover, appears to have begun its life around June 2011, a time when an MT Gox hack led to a flash crash of bitcoin’s price. Some therefore speculate these might be Gox’s or Jed McCaleb’s, the previous owner of Mt Gox. Both deny.
The name of the address is by itself very interesting. It looks like a vanity address, although it could be quite a coincidence because it starts with 1933.
In 1933, the then US President Franklin Roosevelt made an executive order confiscating gold. Satoshi Nakamoto referred to that event by self-declaring his birthday as April 5th 1975, the day when the above order came to an end.
https://cryptoangel.space/one-billion-dollars-worth-of-bitcoin-on-the-move-100-million-sent-to-exchanges/
very old bitcoin address, which did not move its coins since it was funded on the 2nd of July 2011 until March 2014, has been chopping 111,114 into smaller and smaller pieces for obfuscation over the past four years, with 15,593 (~$109 million) recently ending up on Bitfinex, Binance, and 210 in Bitmex according to an unverified analysis.
The address in question has been subject to much speculation not least because one transaction with a very small amount of bitcoin was linked to the former bitcoin drug bazar, Silkroad.
The address, moreover, appears to have begun its life around June 2011, a time when an MT Gox hack led to a flash crash of bitcoin’s price. Some therefore speculate these might be Gox’s or Jed McCaleb’s, the previous owner of Mt Gox. Both deny.
The name of the address is by itself very interesting. It looks like a vanity address, although it could be quite a coincidence because it starts with 1933.
In 1933, the then US President Franklin Roosevelt made an executive order confiscating gold. Satoshi Nakamoto referred to that event by self-declaring his birthday as April 5th 1975, the day when the above order came to an end.
https://cryptoangel.space/one-billion-dollars-worth-of-bitcoin-on-the-move-100-million-sent-to-exchanges/
Crypto Angel Space
One Billion Dollars Worth of Bitcoin on the Move, $100 Million Sent to Exchanges ⋆ Crypto Angel Space
A very old bitcoin address, which did not move its coins since it was funded on the 2nd of…
💥Bitcoin is traded at $26.000 on the Iranian local cryptocurrency exchange EXIR. Most probably, such overhyped price surge happened due to recent news on Iran’s recognition of mining.
Plus, political and economic crisis in the country encouraged citizens to turn to using cryptocurrencies.
On the chart below you can see that since the beginning of the year the Iranian rial has devalued several times against the US dollar.
In this case, compared to its December highs, the price of the first cryptocurrency decreased only by almost 70%.
Analysts at The Next Web noted a correlation between the decision of state regulators and the price of bitcoin on the local exchange. They noted that despite the global market, the price of bitcoin can vary greatly on different trading floors.
Plus, political and economic crisis in the country encouraged citizens to turn to using cryptocurrencies.
On the chart below you can see that since the beginning of the year the Iranian rial has devalued several times against the US dollar.
In this case, compared to its December highs, the price of the first cryptocurrency decreased only by almost 70%.
Analysts at The Next Web noted a correlation between the decision of state regulators and the price of bitcoin on the local exchange. They noted that despite the global market, the price of bitcoin can vary greatly on different trading floors.
Ripple's General Counsel Exits Startup, Spokesperson Says
Ripple general counsel Brynly Llyr has exited the blockchain payments startup, a spokesperson told CoinDesk on Friday.
Llyr joined the company in 2016 as its top legal officer, remaining a part of the team for two and half years. While no reason was provided for her departure, a Ripple spokesperson told CoinDesk that her leaving was a mutual decision between her and the firm. Quartz first reported the news.
The spokesperson added in a statement:
We're grateful to all that she did to help build an incredible team that will continue the work they've been focused on for the past year and beyond. We wish Brynly all the best in her next endeavor and the team here at Ripple looks forward to the next chapter where we will continue to pave the way in this ever-evolving and unchartered industry.
Prior to joining the firm, she advised fintech companies ... [and] led litigation teams and partnered on matters including commercial deals, [mergers and acquisitions] and [intellectual property] protection with PayPal and eBay, according to her company biography.
The news comes as Ripple prepares to fight multiple class-action lawsuits claiming the XRP token is a security distributed by the company.
As previously reported by CoinDesk, a number of investors have sued the company, claiming Ripple bears some responsibility for the drop in XRP's price over the last year. To help defend it, Ripple has brought in some legal heavyweights, including former SEC chair Mary Jo White.
The company has already won a number of procedural victories, with one district court-level case being voluntarily dismissed and two superior (lower) court-level cases being consolidated late last week.
However, the company has yet to have a hearing or trial on the underlying claims for any of the suits.
Ripple general counsel Brynly Llyr has exited the blockchain payments startup, a spokesperson told CoinDesk on Friday.
Llyr joined the company in 2016 as its top legal officer, remaining a part of the team for two and half years. While no reason was provided for her departure, a Ripple spokesperson told CoinDesk that her leaving was a mutual decision between her and the firm. Quartz first reported the news.
The spokesperson added in a statement:
We're grateful to all that she did to help build an incredible team that will continue the work they've been focused on for the past year and beyond. We wish Brynly all the best in her next endeavor and the team here at Ripple looks forward to the next chapter where we will continue to pave the way in this ever-evolving and unchartered industry.
Prior to joining the firm, she advised fintech companies ... [and] led litigation teams and partnered on matters including commercial deals, [mergers and acquisitions] and [intellectual property] protection with PayPal and eBay, according to her company biography.
The news comes as Ripple prepares to fight multiple class-action lawsuits claiming the XRP token is a security distributed by the company.
As previously reported by CoinDesk, a number of investors have sued the company, claiming Ripple bears some responsibility for the drop in XRP's price over the last year. To help defend it, Ripple has brought in some legal heavyweights, including former SEC chair Mary Jo White.
The company has already won a number of procedural victories, with one district court-level case being voluntarily dismissed and two superior (lower) court-level cases being consolidated late last week.
However, the company has yet to have a hearing or trial on the underlying claims for any of the suits.
China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence
The new ruling comes as part of a series of more comprehensive rules that clarify litigation procedures for internet courts across China, and comes into force immediately.
According to today’s announcement, the Supreme Court declares that:
"Internet courts shall recognize digital data that are submitted as evidence if relevant parties collected and stored these data via blockchain with digital signatures, reliable timestamps and hash value verification or via a digital deposition platform, and can prove the authenticity of such technology used."
The new ruling comes as part of a series of more comprehensive rules that clarify litigation procedures for internet courts across China, and comes into force immediately.
According to today’s announcement, the Supreme Court declares that:
"Internet courts shall recognize digital data that are submitted as evidence if relevant parties collected and stored these data via blockchain with digital signatures, reliable timestamps and hash value verification or via a digital deposition platform, and can prove the authenticity of such technology used."
CRYPTOCARZ IS THE WORLD'S FIRST BLOCKCHAIN-ENABLED VR RACING EXPERIENCE
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
CRYPTOCARZ IS A MULTIPLAYER, VIRTUAL REALITY (VR)-ENABLED RACING EXPERIENCE, DEVELOPED USING THE ETHEREUM BLOCKCHAIN.
To play, users will have to load the car assets into the game from an Ethereum wallet, where they are stored as an ERC721 token. The ERC721 token has paved the way for a new class of digital assets called non-fungible tokens (NFTs). These allow users to own, customise and maintain control in the
same way as in the physical world.
Blockchain Studios contends that this new asset class opens up new opportunities for user engagement and ownership. We believe that the first wave of innovation will come from gaming. CryptoCarz is the first platform to bring together blockchain, VR and gaming technologies. By giving gamers new options to visualise, own, adapt and race their own car, we think a new era in gaming has arrived.
WE BELIEVE GAMING IT WILL BE TRANSFORMED BY THE RISE – AND INTEGRATION – OF THREE TECHNOLOGIES: BLOCKCHAIN, E-SPORTS AND VR.
Each of them, independently, represents a paradigm shift for game development and consumption. Their attributes will make technology more individual, inclusive and immersive. The combination of these technologies will give rise to new scenarios, where gamers can own, modify, trade and play in an unprecedented way
THE CONCEPT
Cars, gaming and cryptocurrency are shared passions at Blockchain Studios, so combining them was a natural choice when we started working on CryptoCarz. We see strong synergies between the cryptocurrency community and gamers and we believe there is a market for a game that blends racing, cryptocurrency and blockchain technology. CryptoCarz is a multiplayer, fully immersive, VR-enabled racing experience, powered by the Ethereum blockchain. To race in the game, a user will have to demonstrate ownership of a car that is modelled and stored as an ERC721 Ethereum token in the gamer’s private wallet. The car will then be loaded into the game via integration with MetaMask and other proprietary tools
The game will initially offer 20 car models representative of the top cryptocurrencies. Each model will have a maximum of 650 units, hard-coded and numerically defined in the smart contract.No further cars in these models will be produced in the future.
Links:
Telegram Group: https://t.me/cryptocarz
Website: www.cryptocarz.io
Whitepaper: https://www.cryptocarz.io/docs/CryptoCarz_WP.pdf
One pager: https://www.cryptocarz.io/docs/CryptoCarz_1P.pdf
Twitter: https://twitter.com/cryptocarz
Medium blog: https://medium.com/@cryptocarz
Twitter
CryptoCarz.io (@cryptocarz) | Twitter
The latest Tweets from CryptoCarz.io (@cryptocarz). Building a multiplayer, virtual reality enabled, racing experience powered by #blockchain technology.
Telegram: https://t.co/sGmKPJ9cSp
#VR #Gaming #Crypto. TheTrack
Telegram: https://t.co/sGmKPJ9cSp
#VR #Gaming #Crypto. TheTrack
📑Huobi Group and the training center in Singapore will open training courses on the blockchain
Huobi Group has announced partnership with the training center of the National Congress of Trade Unions of Singapore (NTUC), organize training courses for the promotion of blockchain technology.
The purpose of the cooperation is to acquaint people with the basics of financial technologies, in particular, with the basic principles of Bitcoin and block-work, which will be useful in the future for the practical use of crypto-currency.
The research data show that about half of the top 50 universities in the world offer courses on the topics of crypto currency and blockchain. Their number is constantly increasing as the interest of students increases, despite the current decline in the crypto-currency industry
Huobi Group has announced partnership with the training center of the National Congress of Trade Unions of Singapore (NTUC), organize training courses for the promotion of blockchain technology.
The purpose of the cooperation is to acquaint people with the basics of financial technologies, in particular, with the basic principles of Bitcoin and block-work, which will be useful in the future for the practical use of crypto-currency.
The research data show that about half of the top 50 universities in the world offer courses on the topics of crypto currency and blockchain. Their number is constantly increasing as the interest of students increases, despite the current decline in the crypto-currency industry
The Los Angeles Dodgers, a U.S. professional baseball team, will hold a giveaway of crypto-based athlete tokens at the end of this month, according to an official press release on Dodger Insider September 7.
The statement reports that Dodger fans will be able to get tokens — representing Dodgers players — convertible to Ethereum (ETH) during the game against the San Diego Padres scheduled on September 21.
During the so-called “Digital Bobblehead Night,” guests will be able to download tokens of such athletes as pitcher Clayton Kershaw, third baseman Justin Turner, and Curaçaoan pitcher Kenley Jansen.
As the statement explains, the tokens will be distributed according to the point of entry, with first 40,000 ticketed fans in attendance reportedly set to receive a card with a unique code that can be unblocked and transferred to an Ethereum wallet. The character crypto tokens will be selected randomly, with approximately equal share of Kershaw, Turner, and Jansen codes.
Dodgers’ CMO and Executive Vice President Lon Rosen commented that the “first-ever crypto giveaway” in sports will allow them to “explore an entirely new marketplace with our fanbase,” as well as to “pique interest” of Dodger fans and “launch a new age of digital collectibles and promotions.”
Earlier this summer, the Sacramento Kings basketball team partnered with crypto mining supplier MiningStore to install Ethereum mining hardware in an indoor arena in order to pass crypto earnings to a scholarship program.
In early June, the world’s largest crypto exchange, Binance, made an undisclosed investment into blockchain-based esports voting platform chiliZ, so as to provide the sports industry with a “fan-driven token ecosystem for traditional sports teams.”
The statement reports that Dodger fans will be able to get tokens — representing Dodgers players — convertible to Ethereum (ETH) during the game against the San Diego Padres scheduled on September 21.
During the so-called “Digital Bobblehead Night,” guests will be able to download tokens of such athletes as pitcher Clayton Kershaw, third baseman Justin Turner, and Curaçaoan pitcher Kenley Jansen.
As the statement explains, the tokens will be distributed according to the point of entry, with first 40,000 ticketed fans in attendance reportedly set to receive a card with a unique code that can be unblocked and transferred to an Ethereum wallet. The character crypto tokens will be selected randomly, with approximately equal share of Kershaw, Turner, and Jansen codes.
Dodgers’ CMO and Executive Vice President Lon Rosen commented that the “first-ever crypto giveaway” in sports will allow them to “explore an entirely new marketplace with our fanbase,” as well as to “pique interest” of Dodger fans and “launch a new age of digital collectibles and promotions.”
Earlier this summer, the Sacramento Kings basketball team partnered with crypto mining supplier MiningStore to install Ethereum mining hardware in an indoor arena in order to pass crypto earnings to a scholarship program.
In early June, the world’s largest crypto exchange, Binance, made an undisclosed investment into blockchain-based esports voting platform chiliZ, so as to provide the sports industry with a “fan-driven token ecosystem for traditional sports teams.”
Uzbekistan Opens Door to Cryptocurrency Exchanges, Offers Tax Benefits
In efforts to boost its market-based economy, the government of Uzbekistan has decided to take initiatives favorable to the growing cryptocurrency industry.
Uzbekistan Goes Fishing for Bitcoin Exchanges
The former Soviet nation confirmed that it is legalizing cryptocurrency exchanges and will allow blockchain companies to set up their offices in the state. The legalization came in the wake of a presidential decree that was signed to encourage the use of cryptocurrency and blockchain in Uzbekistan.
A document published at the behest of the president of the Republic of Uzbekistan, titled “On measures to organize the activities of crypto-exchanges in Uzbekistan,” revealed a set of official definitions for bitcoin-like cryptocurrencies. The state has confirmed that it will not treat cryptocurrencies like securities. Therefore, the laws that are common to security exchanges will not bother cryptocurrency exchanges.
Instead, the crypto trading businesses will come under a new set of rules, referred to as special normative acts.
Only foreign legal entities which already have a subsidiary or other enterprises in Uzbekistan will be able to open cryptocurrency exchanges. These entities will not be liable to pay taxes on their cryptocurrency turnovers. That said, any revenue derived in cryptocurrency will be untaxable, considering Uzbekistan will define cryptoassets as a set of data records on blockchain — which they indeed are — that has value and owner, according to the text.
Terms and Conditions Applied
The free perks won’t be precisely free because the Uzbekistani government has also imposed special conditions to setup crypto exchanges.
Firstly, the foreign entities must have an authorized capital to support as much as 30,000 minimum wages on the day they apply. Moreover, an equivalent of 20,000 minimum wages will have to be reserved in a state-backed commercial bank. The minimum monthly salary in Uzbekistan was close to $185 in FY2017.
Secondly, the state requires the crypto-exchanges to base their servers in Uzbekistan.
Thirdly, Uzbekistan willrequire the exchanges to adhere to rules for trading and publishing exchanges rates based on a demand-and-supply ratio.
Finally, the exchanges must store information on transactions, users identification, and other KYC/AML-based data for five years.
Crypto Mining Industry Also Gets a Share
The presidential decree also legalizes cryptocurrency mining in Uzbekistan and has ordered state-controlled energy companies to allocate lands for mining operations. The bitcoin mining companies will be utilizing over 100 KW/h of electricity on locations designated by the National Project Management Agency, a body governed by the President’s office itself.
In efforts to boost its market-based economy, the government of Uzbekistan has decided to take initiatives favorable to the growing cryptocurrency industry.
Uzbekistan Goes Fishing for Bitcoin Exchanges
The former Soviet nation confirmed that it is legalizing cryptocurrency exchanges and will allow blockchain companies to set up their offices in the state. The legalization came in the wake of a presidential decree that was signed to encourage the use of cryptocurrency and blockchain in Uzbekistan.
A document published at the behest of the president of the Republic of Uzbekistan, titled “On measures to organize the activities of crypto-exchanges in Uzbekistan,” revealed a set of official definitions for bitcoin-like cryptocurrencies. The state has confirmed that it will not treat cryptocurrencies like securities. Therefore, the laws that are common to security exchanges will not bother cryptocurrency exchanges.
Instead, the crypto trading businesses will come under a new set of rules, referred to as special normative acts.
Only foreign legal entities which already have a subsidiary or other enterprises in Uzbekistan will be able to open cryptocurrency exchanges. These entities will not be liable to pay taxes on their cryptocurrency turnovers. That said, any revenue derived in cryptocurrency will be untaxable, considering Uzbekistan will define cryptoassets as a set of data records on blockchain — which they indeed are — that has value and owner, according to the text.
Terms and Conditions Applied
The free perks won’t be precisely free because the Uzbekistani government has also imposed special conditions to setup crypto exchanges.
Firstly, the foreign entities must have an authorized capital to support as much as 30,000 minimum wages on the day they apply. Moreover, an equivalent of 20,000 minimum wages will have to be reserved in a state-backed commercial bank. The minimum monthly salary in Uzbekistan was close to $185 in FY2017.
Secondly, the state requires the crypto-exchanges to base their servers in Uzbekistan.
Thirdly, Uzbekistan willrequire the exchanges to adhere to rules for trading and publishing exchanges rates based on a demand-and-supply ratio.
Finally, the exchanges must store information on transactions, users identification, and other KYC/AML-based data for five years.
Crypto Mining Industry Also Gets a Share
The presidential decree also legalizes cryptocurrency mining in Uzbekistan and has ordered state-controlled energy companies to allocate lands for mining operations. The bitcoin mining companies will be utilizing over 100 KW/h of electricity on locations designated by the National Project Management Agency, a body governed by the President’s office itself.
🚀 Raincheck-Global loyalty & rewards points exchange aggregator on Stellar
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https://t.me/getraincheck
Want to be able to transfer your existing reward/loyalty points into one digital unit that can be used at any scheme? How about accurately monitoring your points, with the flexibility of transferring them at any time, on a fast and secure network? RAIN Token will give you this power at a fraction of the cost of other providers. Built on the Stellar Blockchain your secure transactions will go through within seconds at the cost of one cent per 100,000 transactions, whereas Ethereum based projects still cost around $0.20-1.45 per transaction. RAIN Token is the seamless and inexpensive experience you’ve been waiting for.
Built by a team with diverse backgrounds in full stack software development, data/cyber security, global payments, retail, travel, finance and investment; Our two founders pioneered the internet in the early 90’s, founding several tech startups and have a combined 50+ years experience in the ICT sector. The RAIN Token team recognises the faults in current loyalty/rewards schemes and with their wealth of knowledge, and experience, have created a solution.
Plus, unlike some exchanges, RAIN Token has your back if you get stuck. A dedicated customer service team is available 24/7. No more submitting a support ticket and waiting 2 weeks to get an automated response.
The RAIN Token is all about simplifying the reward/loyalty point systems and giving power back to the consumer, allowing them to attain the best value - Creating opportunities for retailers, and customer, alike. Get in on this awesome project before it takes off.
https://raintoken.org/
https://t.me/getraincheck
The United States Senate has confirmed Elad Roisman as SEC commissioner. Roisman is a crypto-supporter who can positively affect the bitcoin ETF approval.
The EOS blockchain project is hoping to boost the onboarding of new users by reducing the cost of opening accounts.
EOS New York, one of the network's 21 block producers (the entities elected to verify transactions on the network), announced Thursday that 15 block producers had approved a new protocol update which reduces cost of a new account from 4 kibibytes (KiB) to 3 KiB (roughly $1.84 as of September 6). KiB are used to measure amounts of data.
The change also grants new accounts 1,400 bytes of RAM for free, though existing accounts can buy, delegate or undelegate RAM to also receive 1,400 bytes for free.
Accounts on the EOS blockchain are necessary for transferring tokens or otherwise launching a transaction on the network.
EOS New York, one of the network's 21 block producers (the entities elected to verify transactions on the network), announced Thursday that 15 block producers had approved a new protocol update which reduces cost of a new account from 4 kibibytes (KiB) to 3 KiB (roughly $1.84 as of September 6). KiB are used to measure amounts of data.
The change also grants new accounts 1,400 bytes of RAM for free, though existing accounts can buy, delegate or undelegate RAM to also receive 1,400 bytes for free.
Accounts on the EOS blockchain are necessary for transferring tokens or otherwise launching a transaction on the network.
Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher
Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains.
Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a 24-hour period, commenting, “You’d think if ever a time to ‘buy the tip’ or ‘panic the sell,’ it would be today.”
Rooke’s tweet generated a barrage of comments, some believing he raised a valid point, but many questioning the importance of his observation and some questioning the data he based it on.
Rooke compiled an index of cryptocurrencies with 400 or more active addresses in a 24-hour period on Sept. 5, as listed on the OnChainFX cryptocurrency research website.
His index focuses on a metric that reflects the extent to which cryptos are used for transactions, a feature that was one of bitcoin’s primary purposes.
And in comparing Rooke’s index to the currencies’ 24-hour volumes, there was a fair amount of correspondence. Bitcoin and Ethereum led both lists, for example, but there were some discrepancies.
User Counts Versus Transaction Volume
Number three on Rooke’s index was Dogecoin, with 135,222 active addresses in the 24-hour period. Dogecoin’s 24-hour volume, however, was just under $37 million, below that of 16 other cryptos: XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Tether, Cardano, IOTA, Dash, TRON, NEO, Ethereum Classic, Zcash, Ontology, Qtum and Bytom.
The disparity isn’t based on an “apples to apples” comparison, as Rooke’s index shows the number of users making transactions as opposed to transaction volume. But at the same time, the fact that XRP did not appear on Rooke’s index when it accounted for more than $227 million in 24-hour volume raised questions. According to OnChainFX, XRP showed “no data” for 24-hour active addresses.
Data Incomplete
When one tweeter pointed out that OnChainFX shows no active XRP users, Rooke said XRP has other data missing as well, and postulated that some of the data cannot be gathered on the XRP ledger.
BitShares, which did close to $9 million in 24-hour volume, also registered “no data” for active addresses on OnChainFX and does not appear on Rooke’s index. The same was true for Steem, which did close to $8 million in 24-hour volume.
Binance Coin did not make Rooke’s index either, as it only posted 271 active users according to OnChainFX, but it accounted for $19.247 million in 24-hour volume. NEM also failed to make the index, as OnChainFX didn’t list it at all, while the crytpocurrency registered $12.563 million in 24-hour volume.
Conversely, PIVX, ranking number 17 on Rooke’s index with 2,971 active users, only did $238,709 in 24-hour volume, and Vertcoin, number 18 on the index with 2,336 active users, did $241,649 in 24-hour volume.
Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains.
Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a 24-hour period, commenting, “You’d think if ever a time to ‘buy the tip’ or ‘panic the sell,’ it would be today.”
Rooke’s tweet generated a barrage of comments, some believing he raised a valid point, but many questioning the importance of his observation and some questioning the data he based it on.
Rooke compiled an index of cryptocurrencies with 400 or more active addresses in a 24-hour period on Sept. 5, as listed on the OnChainFX cryptocurrency research website.
His index focuses on a metric that reflects the extent to which cryptos are used for transactions, a feature that was one of bitcoin’s primary purposes.
And in comparing Rooke’s index to the currencies’ 24-hour volumes, there was a fair amount of correspondence. Bitcoin and Ethereum led both lists, for example, but there were some discrepancies.
User Counts Versus Transaction Volume
Number three on Rooke’s index was Dogecoin, with 135,222 active addresses in the 24-hour period. Dogecoin’s 24-hour volume, however, was just under $37 million, below that of 16 other cryptos: XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Tether, Cardano, IOTA, Dash, TRON, NEO, Ethereum Classic, Zcash, Ontology, Qtum and Bytom.
The disparity isn’t based on an “apples to apples” comparison, as Rooke’s index shows the number of users making transactions as opposed to transaction volume. But at the same time, the fact that XRP did not appear on Rooke’s index when it accounted for more than $227 million in 24-hour volume raised questions. According to OnChainFX, XRP showed “no data” for 24-hour active addresses.
Data Incomplete
When one tweeter pointed out that OnChainFX shows no active XRP users, Rooke said XRP has other data missing as well, and postulated that some of the data cannot be gathered on the XRP ledger.
BitShares, which did close to $9 million in 24-hour volume, also registered “no data” for active addresses on OnChainFX and does not appear on Rooke’s index. The same was true for Steem, which did close to $8 million in 24-hour volume.
Binance Coin did not make Rooke’s index either, as it only posted 271 active users according to OnChainFX, but it accounted for $19.247 million in 24-hour volume. NEM also failed to make the index, as OnChainFX didn’t list it at all, while the crytpocurrency registered $12.563 million in 24-hour volume.
Conversely, PIVX, ranking number 17 on Rooke’s index with 2,971 active users, only did $238,709 in 24-hour volume, and Vertcoin, number 18 on the index with 2,336 active users, did $241,649 in 24-hour volume.
Chinese traders are still investing in Bitcoin by exploiting crypto ban
Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid being shut down by the government, enabling trading for Chinese citizens.
Chinese state-run newspaper, the Shanghai Securities Times, reported in late August that authorities are moving swiftly to block access to exchanges that are operating illegally, and blocked access to an additional 124 offshore exchanges providing services to Chinese citizens.
The offshore exchanges exploited weaknesses in the government’s ban by frequently changing their domain names in order to avoid detection. They also moved their servers to countries outside of the Chinese mainland, making it incredibly difficult for authorities for monitor and block the illicit exchanges.
In July, the Central Bank of China released a report that claimed that the country’s cryptocurrency ban had been incredibly successful, reducing Yuan trading activity to under 1%, while the currency once accounted for 90% of global trading volume.
Following the ban, the government moved to shut down as many high-profile exchanges, ICOs and crypto projects as possible, rapidly reducing trading volume and scaring citizens away from the markets.
Although state regulators are frequently shutting down illegal ICOs and blocking access to offshore exchanges, it does not appear that the government will ever be able to fully eradicate access to cryptocurrency exchanges.
Following the report that claimed regulators are stepping up their actions against illegally operating exchanging, Chinese trading volume dropped 33%, signaling that traders are likely moving their cryptos to cold storage wallets due to the risk involved with holding their digital currencies on an exchange.
In addition to utilizing illegally operating exchanges, Chinese traders are also using peer-to-peer trading to circumvent the ban, exchanging cryptocurrency between wallets directly, without using a middle-man, like an exchange. These types of transactions are done by converting fiat currency to Tether and sending that as payment in exchange for virtual currencies, with all the online actions being done through a Virtual Private Networks (VPNs).
The government has not yet taken actions to block VPNs, although a ban on the use of these tools would make peer-to-peer cryptocurrency transactions more difficult to conduct.
Some Chinese companies, including WeChat, Tencent, and Ant Financial, have all taken actions to block cryptocurrency trading on their social platforms in an effort to be more compliant with the government’s regulators.
Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid being shut down by the government, enabling trading for Chinese citizens.
Chinese state-run newspaper, the Shanghai Securities Times, reported in late August that authorities are moving swiftly to block access to exchanges that are operating illegally, and blocked access to an additional 124 offshore exchanges providing services to Chinese citizens.
The offshore exchanges exploited weaknesses in the government’s ban by frequently changing their domain names in order to avoid detection. They also moved their servers to countries outside of the Chinese mainland, making it incredibly difficult for authorities for monitor and block the illicit exchanges.
In July, the Central Bank of China released a report that claimed that the country’s cryptocurrency ban had been incredibly successful, reducing Yuan trading activity to under 1%, while the currency once accounted for 90% of global trading volume.
Following the ban, the government moved to shut down as many high-profile exchanges, ICOs and crypto projects as possible, rapidly reducing trading volume and scaring citizens away from the markets.
Although state regulators are frequently shutting down illegal ICOs and blocking access to offshore exchanges, it does not appear that the government will ever be able to fully eradicate access to cryptocurrency exchanges.
Following the report that claimed regulators are stepping up their actions against illegally operating exchanging, Chinese trading volume dropped 33%, signaling that traders are likely moving their cryptos to cold storage wallets due to the risk involved with holding their digital currencies on an exchange.
In addition to utilizing illegally operating exchanges, Chinese traders are also using peer-to-peer trading to circumvent the ban, exchanging cryptocurrency between wallets directly, without using a middle-man, like an exchange. These types of transactions are done by converting fiat currency to Tether and sending that as payment in exchange for virtual currencies, with all the online actions being done through a Virtual Private Networks (VPNs).
The government has not yet taken actions to block VPNs, although a ban on the use of these tools would make peer-to-peer cryptocurrency transactions more difficult to conduct.
Some Chinese companies, including WeChat, Tencent, and Ant Financial, have all taken actions to block cryptocurrency trading on their social platforms in an effort to be more compliant with the government’s regulators.
Intercontinental Exchange May Be a Blessing and a Curse
There are few traders who aren’t aware that the Intercontinental Exchange (ICE) joined the cryptocurrency party several weeks ago. It turned into some of the biggest news of the year so far. What exactly does this mean for the crypto and global markets?
Few institutions are more entitled to discuss technology than MIT. That’s exactly why the MIT Technology Review has just published a piece on this major event for both crypto and global markets. According to the Review, a mass of institutional investors in waiting for a sign to bring money to the table have just received the sign. Perhaps the ICE will provide just the controlled environment they needed in order to boost their confidence in cryptocurrencies.
However, a surprise may be in store as ICE attempts to apply the same rules used for financial markets to crypto. Yet, the two are fundamentally different. Don’t forget the roots of Bitcoin as an alternative to everything that money, banks, and finance represent: it is the opposite of many facets typically related to money and stocks. In fact, Bitcoin — and cryptocurrency as a concept — solve many of the issues and anomalies presented by stock markets. Wall Street and blockchain savvy “evangelist” Caitlin Long explained why Bitcoin’s “perfection” can turn into a major disadvantage for those who treat it as a common stock or asset.
Cryptocurrencies Are the Answer Where the Stock Market Fails
✅Cryptocurrencies are owned and managed by the trader him/herself, while stocks and assets are possessed by market mediators (e.g. exchanges), really.
✅Cryptocurrency transactions and related operations run on a distributed, (most often) decentralized ledger, and are therefore immutable. Wall Street companies can manipulate transaction/asset ownership in order to appear as if stocks were their own.
✅The blockchain solves the double-spending problem. When stocks, transactions, and markets are managed by centralized institutions, the trading process is exposed to a variety of technical vulnerabilities. Some are quite serious. MIT points out to the case of Dole Foods in 2015-2016 when the company apparently sold 33% more share than it actually had for sale due to a glitch in the trading process.
To end on a positive note, Long also pointed out the advantages this move will bring to the market in an earlier article in Forbes. Long thinks that ICE’s upcoming cryptocurrency exchange provides a solution to the custody issue encountered by big investors (managing >$150 million) who are required by the SEC to collaborate with a qualified custodian. The exchange will also add a certain degree of confidence, and a note of “mainstream adoption.”
Finally, the fact that cryptocurrencies solve some problems of stock markets may determine how companies raise their capital through ICO’s. “I doubt it will be very long before major corporate issuers join Telegram and Eastman Kodak in raising capital via these markets,” was Long’s conclusion.
There are few traders who aren’t aware that the Intercontinental Exchange (ICE) joined the cryptocurrency party several weeks ago. It turned into some of the biggest news of the year so far. What exactly does this mean for the crypto and global markets?
Few institutions are more entitled to discuss technology than MIT. That’s exactly why the MIT Technology Review has just published a piece on this major event for both crypto and global markets. According to the Review, a mass of institutional investors in waiting for a sign to bring money to the table have just received the sign. Perhaps the ICE will provide just the controlled environment they needed in order to boost their confidence in cryptocurrencies.
However, a surprise may be in store as ICE attempts to apply the same rules used for financial markets to crypto. Yet, the two are fundamentally different. Don’t forget the roots of Bitcoin as an alternative to everything that money, banks, and finance represent: it is the opposite of many facets typically related to money and stocks. In fact, Bitcoin — and cryptocurrency as a concept — solve many of the issues and anomalies presented by stock markets. Wall Street and blockchain savvy “evangelist” Caitlin Long explained why Bitcoin’s “perfection” can turn into a major disadvantage for those who treat it as a common stock or asset.
Cryptocurrencies Are the Answer Where the Stock Market Fails
✅Cryptocurrencies are owned and managed by the trader him/herself, while stocks and assets are possessed by market mediators (e.g. exchanges), really.
✅Cryptocurrency transactions and related operations run on a distributed, (most often) decentralized ledger, and are therefore immutable. Wall Street companies can manipulate transaction/asset ownership in order to appear as if stocks were their own.
✅The blockchain solves the double-spending problem. When stocks, transactions, and markets are managed by centralized institutions, the trading process is exposed to a variety of technical vulnerabilities. Some are quite serious. MIT points out to the case of Dole Foods in 2015-2016 when the company apparently sold 33% more share than it actually had for sale due to a glitch in the trading process.
To end on a positive note, Long also pointed out the advantages this move will bring to the market in an earlier article in Forbes. Long thinks that ICE’s upcoming cryptocurrency exchange provides a solution to the custody issue encountered by big investors (managing >$150 million) who are required by the SEC to collaborate with a qualified custodian. The exchange will also add a certain degree of confidence, and a note of “mainstream adoption.”
Finally, the fact that cryptocurrencies solve some problems of stock markets may determine how companies raise their capital through ICO’s. “I doubt it will be very long before major corporate issuers join Telegram and Eastman Kodak in raising capital via these markets,” was Long’s conclusion.
TrueChain (TRUE), Arcblock (ABT) jump on upcoming Bithumb listing
TrueChain (TRUE) and Arcblock (ABT) leaped around 35% and nearly 50%, respectively, on a daily basis on Friday morning UTC after Bithumb, one of the leading crypto exchanges, said in a blog post it would list both coins next week. The South Korea-based operator published its announcement at 00:50 UTC on Friday, which immediately provided a major boost to TRUE and ABT prices.
TrueChain, the native coin behind a blockchain platform for building decentralized applications (dApps), was changing hands at $0.48 at 00:44 but jumped to $0.61 around 15 minutes after the Bithumb announcement. Seven hours later, the asset was trading at $0.59, making for an increase of 34.83% on a daily basis.
TRUE currently ranks at number 154 in the market capitalization list with nearly $27.8 million in value. It clocked about $70 million in trading volume over the last 24 hours, with OKEx trading pairs with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) accounting for $54.5 million of it. OEX TRUE markets with BTC and Chinese yuan contributed $15.2 million.
Bithumb’s announcement also triggered a significant price rise for Arcblock, another native coin in a dApps blockchain project. ABT was trading at $0.22 at 00:49 UTC on Friday but jumped to $0.29 around half an hour after South Korean exchange published its post. At 08:13 UTC, the coin was priced at $0.28, translating into a daily increase of 49.37%.
Arcblock sits at number 161 by value with a $26.3 million market cap. Its trading volume in the past day was $34.9 million, of which $23 million came from Lbank markets with BTC and ETH.
The exchange will offer one trading pair for both TRUE and ABT, the other half being Korea’s national fiat currency, the won. Bithumb will open buying and selling services on September 12 at 15:00 UTC, with deposits to be available at the same time on September 8.
Bithumb is one of the largest cryptocurrency exchanges, its volume in the last 24 hours reaching $464 million. After the hack attack it experienced in June, the platform has partially resumed deposit and withdrawal services for the coins listed during the security breach.
TrueChain (TRUE) and Arcblock (ABT) leaped around 35% and nearly 50%, respectively, on a daily basis on Friday morning UTC after Bithumb, one of the leading crypto exchanges, said in a blog post it would list both coins next week. The South Korea-based operator published its announcement at 00:50 UTC on Friday, which immediately provided a major boost to TRUE and ABT prices.
TrueChain, the native coin behind a blockchain platform for building decentralized applications (dApps), was changing hands at $0.48 at 00:44 but jumped to $0.61 around 15 minutes after the Bithumb announcement. Seven hours later, the asset was trading at $0.59, making for an increase of 34.83% on a daily basis.
TRUE currently ranks at number 154 in the market capitalization list with nearly $27.8 million in value. It clocked about $70 million in trading volume over the last 24 hours, with OKEx trading pairs with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) accounting for $54.5 million of it. OEX TRUE markets with BTC and Chinese yuan contributed $15.2 million.
Bithumb’s announcement also triggered a significant price rise for Arcblock, another native coin in a dApps blockchain project. ABT was trading at $0.22 at 00:49 UTC on Friday but jumped to $0.29 around half an hour after South Korean exchange published its post. At 08:13 UTC, the coin was priced at $0.28, translating into a daily increase of 49.37%.
Arcblock sits at number 161 by value with a $26.3 million market cap. Its trading volume in the past day was $34.9 million, of which $23 million came from Lbank markets with BTC and ETH.
The exchange will offer one trading pair for both TRUE and ABT, the other half being Korea’s national fiat currency, the won. Bithumb will open buying and selling services on September 12 at 15:00 UTC, with deposits to be available at the same time on September 8.
Bithumb is one of the largest cryptocurrency exchanges, its volume in the last 24 hours reaching $464 million. After the hack attack it experienced in June, the platform has partially resumed deposit and withdrawal services for the coins listed during the security breach.
