Month: May 2018

In a letter to investors, Google co-founder Sergey Brin said that demand for the powerful computers used to mine ether and other cryptocurrencies has contributed to a “boom of computing.” Brin wrote Saturday that several factors have led to a surge in computing power that has seen search giant Google’s own processors speed up by a factor of 200,000 over a period of 20 years. The first factor is the “steady hum of Moore’s Law,” referring to the observation that Read more …

A group of British cryptocurrency platforms are putting pressure on several members of parliament to regulate the U.K. digital currency space favourably. CryptoUK comprises of eight members and aims to create a more transparent and reliable legal status for investors and businesses in the sector. Regulation Could Either Stifle or Encourage Financial Innovation in the UK CryptoUK put forward their proposals in writing to the Treasury Select Committee’s inquiry into cryptocurrencies today. The inquiry aims to explore how digital currencies Read more …

CULedger – the credit union services firm that grew out of a blockchain-focused consortium effort – is partnering with DLT startup Hedera to build a public system for cross-border payments. Unveiled Tuesday, the deal will see the two firms collaborate on a public network based on Hashgraph, a kind of distributed ledger technology (DLT) created by the software company Swirlds. The Hedera Hashgraph will be paired with a new global identity solution, MyCUID, in an effort o build what CULedger Read more …

Exchanges London Block Exchange has listed Bitcoin Cash (BCH) and Ethereum Classic (ETC) among its cryptocurrency offerings. The platform dedicated to the UK market now trades six cryptocurrencies against the GBP. LBX opened with OTC trades in November and promised to add multiple new coins in the future. The exchange also offers on-shore UK banking. Also read: Bitcoin Cash Adoption Continues: Crypto Cafebar, Gold Vendor, Concealed-Carry Clothing London Block Exchange Now Trades Six Cryptos London-based cryptocurrency exchange Read more …

Australia’s Securities and Investments Commission (ASIC) said that it is “taking action” to protect consumers in the ICO space in a press release published today, May 1. The regulator says it will focus on investigating “deceptive” or “unlicensed” conduct from ICOs. According to the press release, on April 19 Australia’s Competition and Consumer Commission (ACCC) delegated powers to ASIC to take action under the Australian Consumer Law relating to crypto-assets. This allows ASIC to intercede where it judges that an Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Peter Thiel’s Founders Fund is wagering that institutional investors will soon make a splash in cryptoassets. The Wall Street Journal reports that the legendary Silicon Valley venture capital firm has made an early-stage investment in Tagomi, a startup that aims to serve as a broker-dealer for family offices, wealthy individuals, and other institutional investors. The startup — whose operations remain in such an early phase that Read more …

SimpleFX is a crypto and forex trading broker with no signs of slowing down any time soon. Late last year, the company was awarded the best crypto trading platform of 2017 during the Cryptocurrency World Trading Expo. The company did not go basking in the glory but sought to enhance its customers’ experience and shortly afterwards, the highly awaited SimpleFX mobile trading app was launched. The simple yet powerful application for Android-powered devices allows users to easily trade cryptos, forex Read more …

Mining A crypto mining company has sent a balloon into the stratosphere to mine bitcoin on the edge of space, reaching over 35,000 meters in altitude. The company also shared the results of its survey on what the price of bitcoin would be this year. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Space Launch PR Stunt Miner One launched a “high-altitude balloon with bitcoin mining equipment” on Monday which it calls “Space Miner One (SMO).” Read more …

CoinMarketCap, the popular cryptocurrency market data site, has released its first mobile app. The Tuesday release – which is currently only available for iOS users – comes as the site marks its fifth anniversary since launching in 2013. CoinMarketCap lists prices for hundreds of coins and tokens as well as trading volume data for exchanges. The site has become one of the most-visited in the world, ranking 174th in Alexa’s global rankings. According to a post by the company published Read more …

Ethereum could soon see its transaction processing capacity increase dramatically through the use of so-called ‘sharding,’ co-founder Vitalik Buterin hinted on Twitter April 30. “Sharding is coming,” he stated laconically in a tweet Monday: Sharding is coming.https://t.co/Aqo9MBiCj0 pic.twitter.com/FXEQeiKGDr — Vitalik “Not giving away ETH” Buterin (@VitalikButerin) April 30, 2018 In a Reddit post and a series of tweets following yesterday’s, Buterin delivered a proof of concept for the technology and suggested the “bag of ideas” for its implementation on Ethereum Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo said that bitcoin bears several similarities to gold, although it has elements of many different asset classes. Giancarlo, to whom many cryptocurrency enthusiasts affectionately refer as “Cryptodad” due to his willingness to engage with the nascent industry with an open mind, said during an interview with CNBC that bitcoin is not ideal as a medium of exchange Read more …