Month: November 2018

On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate. As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto’s invention is little more than a “fraud,” the CEO told the audience: “I never Read more …

On October 29, Benedict Evans, a leading venture capital investor at one of the world’s largest VC firms, Andreessen Horowitz, tweeted about the current state of cryptocurrency, likening it to that of the internet in the 1990’s. His bullish comments on crypto signal a larger trend of traditional investors increasing their openness to the nascent technology. Many Parallels Between Cryptocurrency and Early-Stage Internet In a series of tweets on the topic, Evans importantly notes that the current lack of use-cases and Read more …

Economy & Regulation A leading industry organization in Russia has decided to establish an arbitration body to look into disputes within the digital economy, including matters related to cryptocurrency transactions, as well as rights and responsibilities in token sales and the implementation of smart contracts. Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Industry Organization Appoints Arbitration Board The absence of comprehensive regulations for Russia’s fintech sector has been a source of continued legal uncertainty. In recent Read more …

Twitter Facebook Tokens and several major cryptocurrencies such as EOS have demonstrated strong short-term momentum over the last 24 hours, pushing the valuation of the crypto market to $206 billion. The volume of Bitcoin, which declined to the mid-$3 billion region, recovered to $4.2 billion, showing a clear increase in trading activity across major cryptocurrency exchanges. Affected by the increase in the volume of Bitcoin, tokens and digital assets such as Loom, Status, Bancor, WaltonChain, Pundi X, OmiseGo, and Zcash Read more …

On Nov. 1, 2018, iExec, a decentralized marketplace for computing power based in Lyon, France, released its end-to-end trusted execution environment. The developers of iExec describe the technology as “the first Intel SGX scalable solution for businesses to achieve privacy and security in blockchain-based computing.” What is Intel SGX? Intel SGX, or Software Guard Extensions, is a popular architecture extension, introduced in 2015. It was designed to increase the security of application code and its data. As described on Intel’s Read more …

With its latest funding round, Coinbase, the cryptocurrency exchange turned Silicon Valley unicorn, is amassing a “war chest” for a “rainy day.” At least, that’s how Coinbase’s vice president of corporate and business development, Emilie Choi, described the $300 million the company recently raised in a Series E round with investors such as Tiger Global Management and Polychain, the latter of which is headed by former Coinbase employee Olaf Carlson-Wee. “It was opportunistic,” Choi told CoinDesk Wednesday. “We didn’t need to Read more …

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. eGifter and Bitcoin.com announce partnership that will allow cryptocurrency users to buy gift cards with Bitcoin Cash Bitcoin Cash (BCH) just became more usable with the launch of a partnership between Bitcoin.com and eGifter, a Read more …

Key Points Bitcoin price declined and retested the $6,200 support before recovering sharply against the US Dollar. There was a break above a major bearish trend line with resistance at $6,275 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price may correct a few points, but it could find support near the $6,290 or $6,245 level. Bitcoin price is holding gains above $6,290 against the US Dollar. BTC/USD could climb further higher towards the $6,355 Read more …

Hong Kong’s securities regulator issued a statement setting out guidelines for funds dealing with cryptocurrency Thursday, Nov. 1, saying it could move to formally regulate exchanges. In what it called “guidance on regulatory standards,” the autonomous Chinese territory’s Securities and Futures Commission (SFC) set in motion a series of steps that chief Ashley Alder hinted would culminate in a formal regulatory environment. Hong Kong differs significantly in its approach to cryptocurrency from mainland China, with cryptoasset exchange and related activities Read more …

In spite of their relative youth, security tokens have been lauded as the inevitable future of the crypto and blockchain industry. While some pundits would beg to differ, security tokens moved a step closer towards global adoption on Thursday, as it was revealed that Bithumb has plans to launch a cutting-edge U.S.-based platform. South Korea’s Bithumb Joins Hands With US-based SeriesOne Per an exclusive report from Yonhap News, a Seoul-based news outlet, Bithumb, a leading cryptocurrency startup in South Korea, has just Read more …

Hong Kong’s Securities and Futures Commission (SFC) says it will bring crypto funds under its securities regulations to improve investor protection. In a circular issued Thursday, the financial regulator said that investment funds based in Hong Kong and that intend to invest more than 10 percent of their gross portfolios into “virtual assets,” either directly or indirectly via intermediaries, will have to be licensed and registered with the agency. In a footnote, the SFC further explained that “virtual assets” are Read more …