Month: October 2018

Twitter Facebook Retired US Congressman Ron Paul, a one-time bitcoin skeptic, called for a tax exemption on all cryptocurrencies, saying the move could prevent an economic recession. Ron Paul, the father of current United States Senator Rand Paul, made the suggestion in a blog post entitled “Trump Is Right, the Fed Is Crazy,” where he blasted the Federal Reserve for manipulating interest rates. “It is likely that the next Fed-created recession will come sooner rather than later,” Paul wrote. “This could be Read more …

Blockchain software technology firm ConsenSys Inc. has acquired American asteroid mining company Planetary Resources, Inc. through an asset-purchase transaction, according to an announcement published Oct. 31. Founded in 2009 and formerly known as Arkyd Astronautics, Planetary Resources is supposedly engaged in the exploration, extracting and refining of resources from asteroids. The company, which reportedly has over 30 investors and has raised more than $50 million in investments, has sent two satellites into orbit over the last six months. Per the Read more …

The CEO of popular crypto derivatives exchange BitMEX has stated that he thinks the current bear market could last until spring 2020. Arthur Hayes has been calling for lower prices for most of 2018, but thinks all-time highs could be easily achieved pending significant news events. Arthur Hayes Compares Current Bear Market to That of 2013 Arthur Hayes, CEO of BitMEX, has warned the cryptocurrency community to be prepared for another 18 months of the bear market. The founder of Read more …

Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns. The CEO of Binance went on Twitter recently to announce the freezing of multiple accounts owned by Wex, claiming that Binance will cooperate with law enforcement in any way possible should a criminal investigation result from alleged money laundering. Wex, a Russian-based cryptocurrency exchange, has had a troubled history, to put it mildly. Going formally under the name of btc-e, it drew community unrest when Read more …

Twitter Facebook “You confiscate a few billion dollars out of private bank accounts, and you print a couple trillion dollars, and all of a sudden, you know what happens? People start to worry. So out of this worry, we have something called the bitcoin,” explains CNBC correspondent Jeff Cox in this video from March 2013, as bitcoin had just crossed the $100 mark for the first time, calling it an “electronic, online, digital currency” — using every word besides cryptocurrency Read more …

Crypto finance company Circle has joined the Global Digital Finance (GDF) industry body as a founding member to develop a global “Code of Conduct” for crypto, according to a press release shared with Cointelegraph on Wednesday, Oct. 31. Circle has confirmed participation with the GDF on Twitter, stressing the company’s commitment to developing standards for the industry in order to promote the acceleration and adoption of digital assets. Other industry players in the group purportedly include Coinbase, ConsenSys, DLA Piper, Read more …

Market Updates On the eve of the 10th anniversary of the initial publication of the Bitcoin whitepaper, the cryptocurrency markets recorded their weakest month for trading volume in all of 2018. Most of the leading markets saw a significant decline in trading activity throughout October, but NEO, TRX, QTUM and ZEC posted month-over-month volume increases. Also Read: Venezuela Begins Public Sale of National Cryptocurrency Petro BTC, USDT, ETH and EOS HitLowest Points of the Year In the last 30 days, approximately Read more …

The government of New Zealand has backed a local crypto savings and trading platform with $330,000 to expand its reach. Crypto Savings Firm Vimba Raises $330,000 from New Zealand Government Vimba, formerly known as MyCryptoSaver, originally founded as MyBitcoinSaver in 2014, is focused on crypto savings with a service that allows users to put their money into Bitcoin in small weekly amounts. Through the government’s innovation arm, Callaghan Innovation, it is backing the Auckland-based startup. Sam Blackmore, CEO of Vimba, said the Read more …

Twitter Facebook The big four accounting firms are pouring more resources into blockchain technology now more than ever, and now Ernst & Young (EY) has just deepened its commitment. The global professional services firm has unveiled a Public Edition (PE) prototype of its EY Ops Chain, using the public Ethereum blockchain to deliver what the company describes as the “world’s first implementation of zero-knowledge proof (ZKP) technology.” The technology offers the best of both worlds, giving businesses the opportunity to Read more …

Investigators have reportedly halted the public listing process of cryptocurrency mining machine manufacturer Ebang International on the Hong Kong Stock Exchange (HKEx), local financial news outlet Sina Finance reported Oct. 14. According to reports, the move was prompted by the firm’s alleged involvement in illicit financial practices. Ebang International operates in the field of Application-Specific Integrated Circuit (ASIC) chip design and production, telecommunications services, and the development, manufacture and sale of blockchain processors, or miners. In 2017, the company’s market Read more …

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin’s White Paper was published ten years ago, today. From an obscure beginning in 2008, Bitcoin has become a worldwide phenomenon. Thousands of cryptocurrencies have been born since then, but Bitcoin has managed Read more …