Month: January 2018

Huobi, one of the largest cryptocurrency exchanges that was originally founded in China, has revealed its plans to open an office in San Francisco. The announcement took place during the Blockchain Connect conference Friday, Jan. 26. Blockchain Connect, an event that focused on the cooperation between the US’ and China’s cryptocurrency markets, took place on Friday, Jan. 26 in San Francisco. The Huobi exchange was one of the presenters at the conference, during which they have announced their intention to Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The much-hyped $20 million KodakCoin ICO was supposed to debut on Jan. 31.  Instead, the iconic brand announced the night before launch they needed at least several more weeks to get to know their customers better, as they enter the “accredited investor verification phase,” leaving the 40,000-plus potential buyers who want dibs on Kodak’s “photo-centric cryptocurrency” waiting. Skittish investors fled KODK, as the stock tumbled 13% after gaining 200%-plus when Read more …

The 58 billion yen worth of XEM tokens are on the move, according to the NEM Foundation, but no attempt to sell them on exchanges has been made as of Wednesday. Some 500 million XEM were stolen from Japanese cryptocurrency exchange Coincheck last week in what some observers have called the largest exchange hack to date. However, despite reports to the contrary, those behind the attack have not yet tried to sell them, according to a statement released by the Foundation Read more …

Taipei, Taiwan is seeking to become a smart city by utilizing the power of Distributed Ledger Technology (DLT), or Blockchain. The city has chosen to partner with IOTA, the inventors of the so-called Tangle technology for the Internet of Things (IoT), to provide a number of new technology features for residents. Wei-bin Lee, Commissioner of the Department of Information Technology in Taipei City Government, suggested in an official press release that the ‘unique technology’ offered by IOTA will usher in Read more …

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Swiss are bucking an otherwise resistant trend among the world’s regulators toward cryptocurrencies. Instead, Switzerland is embracing the culture of cryptocurrencies, as evidenced by a leadership role for the domiciling of upcoming ICOs, as reported in the FT. As home to Crypto Valley, the Swiss version of Silicon Valley located in the canton of Zug and filled with blockchain companies, the country now wants its leadership position to encompass Read more …

Square’s “Cash App” has been updated to allow for purchasing of up to $10,000 worth of bitcoin a week. Since making the announcement, Square has seen its stock has climb nearly 3 percent. Cash App is a peer-to-peer payment system from Square that allows people to pay each other directly and quickly. This new update has been in trial mode for select users over several months and is now available to the public. Users will have access to bitcoin trading directly in the Read more …

Regulation The state of Hawaii is planning to regulate the use of bitcoin and digital currencies that would require licensure to transmit cryptocurrency-based funds. Two bills introduced by a group of partisan Hawaiian lawmakers are focused on digital currencies as a monetary instrument under the state’s Money Transmitters Act. Also read: Coinbase Exits as Hawaii Requires Bitcoin Companies to Hold Fiat Reserves New Definitions Applied to the Hawaiian Money Transmission Act Last week Hawaiian bureaucrats reviewed a proposed Read more …