As usual there is a massive overreaction from news coming from China. It’s possible to say that the basis of latest announcement that China is banning ICOs and exchanges is unreliable as there has been no formal statement from a government official. The origin of the news was a Google translated article from a Chinese journalist, who apparently had spoken to some official. So the news is three layers from the original source. Last time China banned or wanted to Read more …
Russia is in the midst of legitimizing cryptocurrencies. It is developing a legal framework that will govern transactions using digital currencies like Bitcoin, RT reports. Russian Finance Minister Anton Siluanov conveyed this at a recent financial forum in Moscow. He assured Russian users of Bitcoin and other cryptocurrencies that the government will not outlaw nor penalize people who use cryptocurrencies. It is a complete turnaround from the Russian Ministry’s stance last year, emerging after President Vladimir Putin signified approval for Read more …
OmiseGo, the e-wallet platform created by Omise, is set to launch its Airdrop in the last quarter of 2017. Omise released an announcement for an automatic airdrop of tokens beginning on Monday, Sept. 4. OmiseGo Airdop excitement opened up phishing opportunity The Airdrop is said to take a week before it finishes, or may take a little more time depending on the Ethereum status and bulk of traffic. A 0.1 minimum threshold is set to be received by individuals, the Read more …
Computer scientists from the Swiss university ETH Zürich have found a way to make off-blockchain payment networks even more scalable. At the heart of this work lies bitcoin’s years-old scaling debate, which comes down to the fact that bitcoin and all cryptocurrencies today have limited transaction capacity. To get around this, cryptocurrency protocols have developed payment channel networks that push transactions off-blockchain, such as bitcoin’s Lightning Network, first proposed in 2015. But researchers Rami Khalil and Arthur Gervais believe payment systems like Read more …
The Ethereum network set a new throughput record yesterday, processing over a half million transactions in less than a 24 hour period. With all the news attention being focused on Bitcoin, the Chinese ICO ban, and Ripple’s lawsuit woes, Ethereum has quietly continued to grow in number of users and computational power. Fees unchanged While the network usage has risen exponentially, transaction fees have remained the same. Most transactions can be completed for around $0.70, substantially less than fees on many other networks. Read more …
Bankera, the blockchain-based initiative for banking services has announced the launch of its pre-ICO campaign. The crowdsale is organized with the intention of raising funds required to develop further and expand regulated blockchain banking service across geographical boundaries. Bankera is an arm of SpectroCoin, a popular cryptocurrency exchange platform that offers a range of services including digital currency payment solution. Bankera will be offering its Bankers tokens on sale on none other than SpectroCoin itself. The revolutionary Bankera project was Read more …
Key Highlights ETH price fell from the $393.56 high and currently remains under pressure against the US Dollar. There is a major contracting triangle pattern with resistance at $320.00 forming on the 4-hours chart of ETH/USD (data feed via SimpleFX). The pair is likely to break the $296 level and extend declines in the near term. Ethereum price is under heavy selling pressure against the US Dollar and Bitcoin. ETH/USD might continue to decline as long as below $320. Ethereum Read more …
We are excited to announce that Thomson Reuters has added the Bitcoin Liquid Index to their award winning Eikon terminal. By adding a single, reliable USD price discovery tool and reference rate for Bitcoin, the Eikon terminal now extends its market data offerings beyond its traditional financial coverage and firmly enters the cryptocurrency space. The BLX gives Eikon’s growing network of professional and business subscribers a trusted live feed for gaining a competitive advantage. Thomson Reuters has lead the way as Read more …
Russia’s Finance Minister announced the government’s goal of legalizing and regulating the circulation of cryptocurrencies. Unlike China, Russia will not outright ban ICOs as it plans to take full advantage of this new financial technology. Although a segment within the Russian administration has not given its backing to cryptocurrencies, most of the evidence and recent developments in the country point towards a push from Kremlin to become the world’s most powerful country on the back of its early adoption of Read more …
In a couple of minutes/hours following the rumors of China GOV banning exchanges, virtual assets have declined for up to 25 percent in price against the US Dollar. Noted out and commented on links directing to local media outlet Caixin, that legislation and regulatory are targeting crypto-exchanges to be shutdown following the ICO ban earlier this week. Obviously there was a market reply of price descending with Ethereum for 13 percent sharply to $288, Bitcoin around 8 percentage points to Read more …
Ethereum is a leading online open software platform that functions through Blockchain technology. It enables developers to create and release decentralized applications. As part of its scaling efforts, the Raiden Project was created. The most recent milestone is crucial in leading the Ethereum network to the next phase of development before the code is finally ready to be launched and rolled out on the public Ethereum network. Scaling issues Bitcoin’s scaling issues have been a problem for the network, and Read more …
With the Bitcoin price on the retrace, it is only normal that alternative cryptocurrencies would be experiencing similar struggles right now. All top 10 currencies are presently in the red, a situation that may not change all that quickly. The biggest losses have been seen in Bitcoin Cash, Litecoin, and Ethereum Classic. In particular, the Bitcoin Cash losses come as a big surprise to most holders after this week’s earlier price increase. Bitcoin Cash Price Takes a Major Beating Every time the Bitcoin Read more …