Month: September 2018

At the UN General Assembly, Malta Prime Minister Joseph Muscat stated that blockchain technology will allow crypto to inevitably become the future of money. He stated: “I passionately believe technology revolutionizes and improves systems. This is why in Malta, we have launched ourselves as the blockchain island. By being the first jurisdiction worldwide to regulate this new technology that previously existed in a legal vacuum. Blockchain makes cryptocurrencies inevitable future of money. More transparent it helps filter good business from Read more …

Bitcoin (BTC) is reporting losses for a second straight month, but there are hints of a bullish breakout ahead in the fourth quarter. At press time, the leading cryptocurrency is trading at $6,570 – down 6.30 percent from September’s opening price of $7,014. BTC also registered a 10-percent decline in August, according to CoinDesk’s Bitcoin Price Index (BPI). However, despite the back-to-back monthly losses, the cryptocurrency is flashing a 2 percent gain for the third quarter. Further, the quarterly gain Read more …

The self-regulatory Japan Virtual Currency Exchange Association (JVCEA) plans to stricten its customer asset management measures. The Japan Times outlet reported this news Sunday, September 30, citing “informed sources.” JVCEA is a self-regulatory group of some of the largest licensed exchange operators in Japan, established in April of this year. Now, the organization is reportedly planning to tighten its rules by establishing a limit on the amount of digital currencies that can be managed online by any exchange. According to Read more …

Despite the criticisms of opaqueness and centralization leveled against Tether, the stablecoin which was initially known as RealCoin continues to beat its rivals by wide margins. In a report titled The State of Stablecoins, digital assets tech firm Blockchain Luxembourg SA estimates that approximately 98% of the total daily trading volume of stablecoins is dominated by Tether. On a daily basis this translates to approximately 60% of the daily trading volume of Bitcoin. With regards to market value, Tether comprises Read more …

Another month is leaving the crypto industry with some of the best and significant developments. September 2018 was an essential month from many perspectives. This time, the industry didn’t just see adoption in technological space, but also in charity. Education and research remained at the forefront of crypto development, as an influential nonprofit favored blockchain for its eco-friendly perspectives. Governments passed new bills to define bitcoin, while a board game simply accepted it as a word. NewsBTC curates a selection of Read more …

Technology & Security On September 29, Bitcoin Cash enthusiast Donald Mulders wrote an interesting post on the social media network Yours.org. The post detailed that he was attempting to host a website on the Bitcoin Cash (BCH) chain using the Bitdb 2.0 application. Following the write-up, and with a little help from the BCH developer Unwriter and a tool called Cryptograffitiweb, Mulders’ on-chain hosted website ‘Bitcoin Cash Hoarder’ can now be seen on any browser. Also read: Markets Update: Digital Asset Read more …

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Price Watch: Bitcoin is down 2% to $6,333 this week after hitting $6,700 last week. The price varied minimally this week as compared to last weeks dramatic price movements. This included rapid oscillations between $6,300 and $6,400 and the price hiting $6,600 level and the $6,200 level within days of Read more …

Over the past 24 hours, Ripple (XRP) has overtaken Ethereum once again with a 7 percent surge in price, achieving a market valuation of $24.28 billion. The market cap of Ethereum remains slightly below that of Ripple at $24.15 billion and based on the weak volume of XRP, it is likely that Ethereum will regain its position as the second most valuable cryptocurrency in the short-term. Ripple has taken over Ethereum on three occassions in 2018, all of which occured Read more …

The Daily Wallet provider Blockchain.com has created an OTC trading desk as part of its efforts to cater to institutional investors. Also in The Daily this Sunday, Shapeshift launches the redesigned Coincap tracker, Kraken lists Cardano and Qtum, and Compound offers its users the option to short cryptocurrencies. Also read: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins Blockchain.com Launches OTC Trading Desk for Institutional Investors Blockchain.com, the popular cryptocurrency wallet provider, has launched an over the counter (OTC) trading desk Read more …

Here at NewsBTC we believe that education and knowledge is fundamental to the wider adoption of cryptocurrencies and growth of the blockchain industry. We will be expanding our education section by delving deeper into some of the machinations and technology behind the blocks. Our weekly articles aim to provide a greater understanding of how things work in the crypto ecosystem. Magic: The Gathering Online Exchange In the first year of Bitcoin’s existence there were no exchanges to change fiat into Read more …

Two of the United Nation’s wings are joining hands with Sierra Leone government to build a blockchain-based ID system for their seven million people. The UN Capital Development Fund (UNDCF) and the UN Development Programme (UNDP) have entered into a partnership with  Kiva, a technology nonprofit. Kiva will lend its institutional protocol of the same name to implement the “Credit Bureau Of The Future.” It would allow Sierra Leone citizens to have complete and secure ownership of their identities, similar Read more …

Blockchain technology continues to thrive in India. In contrast, the stance toward cryptocurrencies remains negative and unfriendly. So much so that major crypto exchanges like Zebpay were forced to shut down. Cryptocurrency Exchanges in India Forced to Close Shop The situation regarding crypto in India continues to deteriorate. A lack of proper regulations, as well as a generally negative stance toward blockchain technology has led to cryptocurrency exchanges being forced to terminate their services. Due to the Central Bank of Read more …