“I want People to Think Binance as a Verb” says CZ

After severe draw downs that has so far clipped investor confidence, the founder of Binance Changpeng Zhao is confident of what next year holds. Of course much has been talked about entry of institutional investors and facilitators—read Fidelity, NASDAQ and others. Though next year might be the year of adoption–and that is the main reason why Binance is expanding, there should be increasing demand in lower time frames. At the moment, that is not happening. Latest Bitcoin News Well, the Read more …

Korean Firm Aims to Make Blockchain Faster

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. According to local news outlet Joongnag Daily, a blockchain company based in Korea believes that it has found what it takes to revolutionize blockchain technology and bring even quicker pace to the way that transactions are being carried out. SymVerse, a blockchain firm that was established earlier this year, hosted an event and held a demonstration on Read more …

Thai SEC Explains Two Laws Could Apply to Crypto Securities

Regulation Thailand’s Securities and Exchange Commission (SEC) has reportedly clarified how existing laws can apply to crypto securities. In addition, Thai companies planning to issue securities tokens abroad would be guilty of wrongdoing under the Digital Asset Act for avoiding regulated fundraising channels. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Applicable Current Laws On Thursday, the Bangkok Post reported that Tipsuda Thavaramara, deputy secretary of the Thai SEC, revealed that “the regulator will have to Read more …

Austrian Blockchain Center for Multidisciplinary Research Established in Vienna

The COMET Centers, which are coordinated by the Austrian Research Promotion Agency (FFG), have approved the Austrian Blockchain Center (ABC) in Vienna, according to a Nov. 29 press release. ABC involves 21 scientific institutions, 54 companies, 17 associated participants, and 16 international institutions and companies. According to the release, the research center will be multidisciplinary and focus on Internet of Things (IoT), finance, energy, logistics, and applications in public administration. Alfred Taudes, academic director and coordinator of the center, and Read more …

What Is Bitcoin? Crypto Featured as Category on Jeopardy

During last night’s airing of the popular TV game show Jeopardy, cryptocurrency was featured among the categories contestants could choose from. I’ll Take Cryptocurrency for $1,000, Alex On Thursday night’s episode of the iconic TV game show hosted by Alex Trebek, Jeopardy, cryptocurrency was one of the six categories contestants could select from. In Jeopardy, chosen categories reveal an answer to a query and the contestants must phrase their response in the form of a question. The first answer in Read more …

Chinese Mining Giant Bitmain Releases 'Crypto Index' Tracking Bitcoin, 16 Altcoin Prices – Cointelegraph

CointelegraphChinese Mining Giant Bitmain Releases 'Crypto Index' Tracking Bitcoin, 16 Altcoin PricesCointelegraphNews. Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which …Bitmain releases crypto index to track Bitcoin and 16 altcoin pricesCoin Rivetall 10 news articles » Source

German Financial Watchdog Warns Public About Unauthorized Crypto Offering

The German Federal Financial Supervisory Authority (BaFin) issued a warning Nov. 29 that a firm called Platin Genesis DCC is not authorized or approved by the proper authorities. In the warning, BaFin states that Platin Genesis was advertising a “Platinum Coin Crypto Fund” on social media, which it claimed was “approved and released by BaFin.” The watchdog clarifies in its statement that this is not true. Per BaFin, the firm does not have permission under section 34 of the German Read more …

Shell & BP Are Now Selling Crude Oil on the Blockchain

Shell and BP are now using a blockchain-based trading platform for crude oil, which they hope will solve trade and settlement inefficiencies. Shell & BP Hope Blockchain Will Solve Inefficiencies Vakt is first to market of several pilot schemes which have been in development, which Bitcoinist reported on back in January 2018. It comes courtesy of a consortium of oil majors, global energy traders, and investment banks. These include BP, Shell, Mercuria Energy Group, ABN Amro, ING, and Gunvor Group Initially, Read more …

Week 2: How the Bitcoin Cash “Hash War” Came and Went and Not Much Happened

In what may well have been the most watched cryptocurrency event of 2018, Bitcoin Cash two weeks ago “hard forked” (split) into two different coins. The “big block” project that itself forked away from the Bitcoin blockchain in August 2017 fragmented into “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV). In this third and final overview: the main takeaways and latest developments of the second week since the Bitcoin Cash split. Hash War Over The Bitcoin Cash split drew Read more …

Bitcoin Price Ends November With Worst Monthly Decline in 7 Years

Bitcoin just ended its worst-performing month in seven years in terms of month-over-month price declines.  The world’s largest cryptocurrency began November at an average price across exchanges of $6,341, but as of 0:00 UTC on December 1 is trading at just $3,964, according to CoinDesk’s Bitcoin Price Index.  As it stands, the near $2,400 drop in bitcoin’s price has created a -37.4 percent monthly performance, which is its worst on record since August 2011, when it fell from roughly $8 to Read more …