Month: September 2018

Memes are a pretty important part of the crypto ecosystem – how else would crypto visionaries display their wit and sometimes passive aggressivity? It’s no wonder then that District0x’s Meme Factory is seeing quite the buzz. Not only did District0x raise $9 million in an initial coin offering last year, backed by Boost VC and CoinFund, to name a few, but holders of the ERC-20-based native token, DNT, are already making decisions about the project’s future. And that’s perhaps surprising since Read more …

Crowdfunding The great ICO rush of 2017 and early 2018 is over. The euphoria, the unironic cries of “When Binance?”, and the 10x returns are now a thing of the past. Epic gains and moon missions have been replaced by acrimony, recriminations and, increasingly lawsuits, both real and threatened. Also read: BTC: 36% in Circulation Lost, 23% Held by Speculators, US Tax Authority Monitoring Crypto Lawyer Season Is in Full Swing Crypto lawyers have been the big winners from this year’s Read more …

Earlier this month, CCN reported that the Securities and Exchange Board of India (SEBI) sent government officials to Japan and Switzerland to better understand Bitcoin and crypto-related regulations prior to a supreme court hearing on a crypto trading ban imposed by the country’s central bank. At the time, many investors in India were optimistic towards the intent of SEBI to obtain better understanding and knowledge of the global standard on cryptocurrency regulation by closely cooperating with officials in Japan, the Read more …

A bill that seeks to create a task force to combat the use of cryptocurrency in financing terrorism has just passed the House of Representatives. House Resolution 5036 (H.R.5036), which purports to establish the “Independent Financial Technology Task Force,” was sent to the House of Representatives on Wednesday, September 26, 2018, before it passed an unanimous voice vote and has now moved to the Senate for consideration.The proposed bill, which was introduced by Representative Ted Budd, is seen as a Read more …

The RBI has denied the “formal creation” of a unit to research AI and blockchain technology, according to a report. The clarification after an investigation by Coin Crunch India comes weeks after the central bank was rumored to have set up the supposed unit to “research and possibly draft rules” for the emerging technologies. In an article on the unit’s supposed creation, the Economic Times had cited two anonymous sources who were “familiar with the central bank’s plans”. However, Naimish Sanghvi, Read more …

In spite of the mixed market conditions, innovators with the cryptocurrency industry pushed forward, releasing new products and services that are likely to alter how this space operates and performs. LedgerX To Add Ethereum Derivatives Vehicle Insider sources from the New York-based LedgerX have revealed that the crypto startup intends to offer Ethereum derivatives in the near future, reports TheBlock in an exclusive. For those who are unaware, LedgerX is a cryptocurrency investment platform that currently offers mostly Bitcoin-focused products Read more …

According to a September 28thblog from Ripple, the Siam Commercial Bank (SCB) will be the first to use RippleNet’s “multi-hop” feature. This will allow the bank to settle frictionless payments on behalf of other financial entities in Ripple’s enterprise blockchain network. Ripple says the multi-hop feature gives the SCB the ability to: “Receive and forward on a payment without a bilateral relationship between the originator and beneficiary institutions.” Boosting Liquidity Among ASEAN Nations The blog post notes how countries in the Read more …

Mining Montana’s second most populous county, Missoula County, has rejected the proposal for a moratorium on cryptocurrency operations. The proposal was first presented at a public hearing in June but was postponed for three months. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Proposed Crypto Moratorium Rejected Missoula County’s board of commissioners held a public hearing Thursday to decide whether to accept or reject the proposal for a one-year emergency moratorium on new or expanded cryptocurrency operations. Read more …

Key Points Bitcoin price failed to break the $6,800 resistance recently and declined against the US Dollar. There is a major bullish trend line in place with support at $6,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair must stay above the $6,400 and $6,380 support levels to remain in a positive zone. Bitcoin price is holding key supports against the US Dollar. BTC/USD could move higher once again as long as it is Read more …

Key Highlights ETH price made a nice upside move and traded above the $225 level against the US Dollar. There was a break above a major contracting triangle with resistance at $228 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently consolidating in a range above the $225 and $228 support levels. Ethereum price is holding gains versus the US Dollar and Bitcoin. ETH/USD could trade further higher as long as it is above the Read more …