Month: June 2018

The crypto market has added more than $26 billion in the past 24 hours, as major assets including bitcoin, Ethereum, and Bitcoin Cash rose by more than 10 percent. Bitcoin, Ethereum, and Bitcoin Cash are Today’s Big Gainers Major digital assets recorded large gains on June 30, as the volume of the crypto market suddenly surged by several billions dollars. With bitcoin and Ether, the native cryptocurrency of the Ethereum blockchain protocol, leading the market with solid 11 percent gains, Read more …

Saturday, June 30: crypto markets are seeing a significant rebound after this week’s decline. All of the top ten cryptocurrencies by market capitalization are in the green with Cardano (ADA) being the biggest winner – up 18.6 percent over the past 24 hours, according to Coinmarketcap. Market visualization from Coin360 Bitcoin is up around 8 percent over the 24 hour period, trading at $6,391 at press time. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is currently at Read more …

Line, the most widely utilized messaging application in Japan with over 200 million active monthly users, is attempting to establish dominance over the blockchain and crypto sector with various ventures including a cryptocurrency exchange and a decentralized application (dapp) platform. Crypto Exchange On June 28, NewsBTC reported that Line has finalized its plans to launch a cryptocurrency exchange by July of this year. Based in Singapore, BitBox, a digital asset exchange developed and operated by Line, will run as a Read more …

The Daily In Saturday’s Bitcoin in Brief, we cover some of the new expansion plans of leading cryptocurrency trading platforms. Singapore-based Huobi has confirmed its intentions to open an office in London, and US exchange Coinbase is about to do the same in Portland, Oregon. Also, a new crypto vault in Switzerland offers safe storage for cryptocurrencies, while the parliament in Valletta has approved three bills designed to increase the attractiveness of Malta for businesses in the crypto space.    Read more …

An electric scooter startup called Spin is trying to raise close to $125 million in what’s called a security token offering (STO), which sells tokens backed by real-world financial instruments, according to Axios and confirmed by TechCrunch. The STO marks a new phase in funding following initial coin offerings, TechCrunch observed. STOs provide more security than ICOs since investors can purchase tokens backed by real-world financial assets. STOs, according to Axios, are “explicit securities” and not utilities. Investors To Receive Read more …

Qiwi Blockchain Teсhnologies (QBT) has launched a crypto investment dubbed “HASH,” local news outlet Kommersant reports June 29. QBT is a subsidiary of Russia’s leading payment service provider Qiwi. HASH, built on a “classic investment banking model” according to Kommersant, will provide a platform for initial coins offerings (ICO). Yakov Barinsky, QBT’s Chief Financial Officer (CFO), explained that HASH would “assist companies to go through the fundraising stage.” As per Kommersant, HASH plans to cooperate international funds that specialize in Read more …

Union Square Ventures, a New York-based venture capital firm that oversees a billion dollars in capital, has revealed that it is investing in cryptocurrency and major digital assets like bitcoin as long-term investments. Winning Blockchain Will be Worth Many Trillions Founded and operated by Fred Wilson, a prominent venture capital investor known for his early investments in multi-billion dollar companies Twitter, Tumblr, Zynga, Etsy, and Coinbase, Union Square Ventures has quickly become a leading investment firm within the blockchain sector Read more …

Nobuchika Mori, Japan’s longest-serving regulator and chief of Japan’s Financial Services Agency (FSA) who is responsible for most of the crypto regulations imposed by the Japanese government, is expected to leave this summer, according to FT. Mori’s Forward-Thinking Approach For many years, with strict capital controls and money laundering policies, Japan has always been known as a conservative region regarding policies pertaining to the finance sector and emerging markets. Traditionally, the Japanese authorities preferred not to take any risk in Read more …

At the Japan Blockchain Conference held on June 27, the biggest cryptocurrency and blockchain conference in Japan, Yoshitaka Kitao, the chairman of SBI Holdings and CEO of SBI Group, expressed his optimism towards the long-term growth of the Ripple blockchain network. XRP as Global Standard Currency According to a local cryptocurrency analyst CryptoEri, Kitao stated that XRP, the native cryptocurrency of the Ripple blockchain network, significantly optimizes the global financial system and has the potential to evolve into the global Read more …

News Millennial Living in 2018: Insights for the UK ‘Build-to-Rent’ Sector, a study in conjunction with FTI Consulting, commemorates real estate group Get Living’s 5th anniversary. Focusing on millennials, it found significant portions turning away from traditional stores of value, such as property and home ownership, in favor of crypto assets.   Also read: Bitlicense Should be Smashed, Candidate for New York Governor Urges Millennials Turning from Traditional Investments and Toward Crypto “For Millennials the soaring performance of Bitcoin – Read more …