Last updated on January 16th, 2018 at 10:37 pm What is Cardano? Cardano is an open-source, decentralized cryptocurrency that has made its way into the top ten market cap cryptocurrencies seemingly out of nowhere. It’s a relatively young project that began in 2015 and only became available for trading in October 2017. As such, it’s still very much in its early stages with no working product as of yet. So what’s made Cardano such a popular investment with a market Read more …
After Charlie Lee bears, LTC sellers are picking up from where they left. Not only did they close lower but that multi-level support break out is significant. Will sell pressure continue? Definitely and judging from the kind of statement yesterday, volatility might slow down but we all know sellers are in charge. Let’s have a look at other alt coin charts NEM BEAR BREAK OUT CLEAR IN THE DAILY CHART XEMUSD 4HR Chart for January 17, 2018 For us to Read more …
Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437. At press time, BCC is trading for just $30. Ponzi-like Many in the digital currency community have called Bitconnect a Ponzi scheme, including Ethereum founder Vitalik Buterin, according to TechCrunch. Such accusations were based on the multi-level referral system and the promise of Read more …
You’ve heard of proof of work, but what about proofs of proofs of work? A complex notion, the research on “Non-Interactive Proofs of Proofs of Work,” or NiPoPoW, released in October, has received very little attention so far but is heralded as breaking through one of the major roadblocks that has stalled the widely anticipated sidechain technology. In the paper, researchers from IOHK, IC3 and the University of Athens describe a mechanism for proving that data exists in the bitcoin Read more …
Key Highlights ETH price declined sharply and traded below the $1100 and $1000 support levels against the US Dollar. There is a new connecting bearish trend line forming with resistance at $1060 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair is currently under a lot of bearish pressure and it could remain below the $1100 level. Ethereum price made a sharp U-turn against the US Dollar and Bitcoin. ETH/USD is recovering, but it is struggling to Read more …
Tax authorities in Malaysia have indefinitely frozen Luno’s local account used in the country, BitX Malaysia, while they investigate possible tax concerns. London-based cryptocurrency exchange, Luno, has had its Malaysian account frozen pending an investigation by the country’s tax authority, the Inland Revenue Board (IRB). In a statement sent to The Edge Markets, the exchange said: As part of this, IRB has requested that we provide them with information on all our Malaysian customers: identification, deposits/withdrawals, and transactions. We are Read more …
Regulation A national petition against extreme cryptocurrency regulations in South Korea has exceeded 200,000 signatures, the requirement for the government to respond. The petition entitled “Has the government ever dreamed a happy dream for the people?” was filed on December 28. Meanwhile, another related petition calls for the removal of the governor of the country’s Financial Supervisory Service. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Government Will Respond The Read more …
LightChain is a double-layer technology that promises to solve blockchain’s performance issues. Indeed, LightChain hopes to lead blockchain technology into the “millisecond transaction era.” LightChain Is a Double-layer Technology Granted, Bitcoin’s slow transaction processing speed and high transaction fees are the most pressing issues afflicting the cryptocurrency ecosystem. By design, there is only 1MB of data available per Bitcoin block. That is, just 1 MB of transaction data is allotted every 10 minutes. It's a tower takeover! #LightChain is making Read more …
Sharing economy A new Bitcoin Cash (BCH) tip bot that lets anyone send small microtransactions using BCH called ‘Tippr’ is gaining a lot of traction on the web these days. Also Read: Some UK Mortgage Lenders Refuse to Serve Bitcoin Investors The Bitcoin Cash Tip Bot ‘Tippr’ Is Gaining A lot of Traction A few years ago many people used to send BTC micropayments and tips to each other on forums and social media apps like Read more …
The views and opinions expressed here are solely those of authors/contributors 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 past few days have seen a series of flip-flops on news. First was the news of the Korean government banning cryptocurrency trading that led to a sharp fall in prices. Then came the rebuttal that there was going to be no ban Read more …
The former deputy governor of France’s central bank is to lead a task force examining how to regulate cryptocurrency in the country. ‘We Want A Stable Economy’ As local media outlet Les Echos reports Monday, Jean-Pierre Landau will look into “directions for regulatory development” pertaining to cryptocurrency. The move was announced by Minister for the Economy Bruno Le Maire, who in a press conference Monday morning reiterated previous commitments to raising the topic of Bitcoin at the forthcoming G20 Summit Read more …
At CoinDesk, we strive to provide a world-class user experience to our growing audience as part of our mission to inform, educate and convene the global blockchain community. On Tuesday, we experienced technical difficulties that prevented us from publishing new content to CoinDesk.com for several hours. Our engineers worked tirelessly to fix the bug ASAP and existing content remained accessible to users. While we leveraged our social media platforms (Facebook, Twitter and Medium) to get the latest news out to Read more …