Category: Cryptocurrency News

United States-based blockchain security firm CipherTrace has expanded its crypto intelligence platform to 700 tokens. Tracing hundreds of ERC-20 tokens With the expanded platform launched on Oct. 15, CipherTrace now allows clients to trace more than 87% of the transactional volume of the top 100 cryptos such as Ether (ETH), Tether (USDT), Bitcoin Cash (BCH) and Litecoin (LTC), the firm said in a press release. CipherTrace’s increased monitoring support also includes the capability of tracing several hundred ERC-20 tokens, the Read more …

Advertisment Blockchain was largely mistaken for cryptocurrencies for the first five years of the current decade because the most popular application of Blockchain is Bitcoin. It wasn’t until Ethereum implemented Smart Contracts in 2015 that people started to seriously explore other practical applications of Blockchain beyond cryptocurrencies. A Blockchain is essentially an operating system on which developers can build applications that run without a centralized server. However, computation processing constraints have largely prevented most decentralized applications (dApps) from moving the Read more …

The latest skirmishes in the bruising trade war between the U.S. and China have led to the unlikely politicization of the NBA. But how did the views of a basketball executive become such a political football? And what does China’s ideological commitment to censorship say about the value of free speech and of free speech money, as bitcoin is sometimes known? Also read: Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives US-China Censorship Spat Highlights the Value of Read more …

Advertisment This week will mark a new milestone in the life of the pioneer cryptocurrency Bitcoin (BTC), as miners are set to release the 18 millionth BTC, leaving only 3 million BTC left to complete the targeted total supply of the digital asset. According to data monitoring resource Blockchain, the total Bitcoin supply reached 17.92 million as of October 14, 2019. Based on block calculations, the remaining coins to hit 18 million should be mined before the beginning of next Read more …

It’s official – Satoshi, the smallest divisible unit of bitcoin, is now an English word. While it has been used for years among the crypto community, the Oxford English Dictionary (OED) added the term earlier this month. Now It’s Satoshi’s Turn to Refresh English Language The crypto community requires new words to explain different aspects of new technology, new operations, and a new market. Think about blockchain, Bitcoin, Dapp, security token, initial coin offering (ICO), hodl, and so on. Now Read more …

United States Rep. Warren Davidson (R) has said that Facebook adding Bitcoin (BTC) to its Calibra wallet would be a “way better idea” than creating its new currency, Libra. In an interview for the Noded Bitcoin podcast on Oct. 11, the Congressman said that “part of the beauty” of Facebook’s unveiling its proposed Libra stablecoin is that it crystallized all of the problems that already exist on the social media platform today. “Do we want filtered transactions or freedom?” Davidson Read more …

Advertisment Crypto assets are commonly visualized using graphs and charts, with their trajectory clearly plotted. Over a long enough timeframe, you can observe phases of price discovery, consolidation, mania, all-time highs and then a steep, often irrecoverable, decline. Interestingly, the same model can be applied to cryptocurrency exchanges. Their aggregated performance can be tracked over the years, following the emergence of the first trading platforms in 2010, and the dominance of Mt.Gox shortly thereafter. Crypto has since freed itself from Read more …

The world’s second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider CryptoCompare. The news was revealed in a press release shared with Cointelegraph on Oct. 15.  Neural network-based analysis CIX100 is a crypto market benchmark that analyzes uses a neural network algorithm to analyze data for the top 100 cryptocurrencies, taking into account over 200 factors. Reportedly designed to exclude coins with fake volumes and rankings, the “human-free” tool targets both industry newcomers and Read more …

Trade finance in Korea is headed to the blockchain according to a CoinDesk Korea story and other local press reports. The transition could be completed by 2021, while foreign-exchange transactions are set to be conducted using the technology within months. In terms of trade finance, relevant documents will be shared on the blockchain so they can be accessed by financial institutions while export bonds will be made available in the same way so that banks can check for duplicate issuings. These Read more …

The transactions of over 700 cryptocurrencies are now searchable via the blockchain analytics offering from CipherTrace. That means more than 87 percent of the top 100 cryptocurrencies by volume can now be traced through the API service, the company said Tuesday. Backed by notable firms like Galaxy Digital, CipherTrace has most recently been involved in the push towards addressing regulatory guidance issued by the Financial Action Task Force in June. With some 522 million data attribution points, CipherTrace says its Read more …

One company is driving its business plan straight into the “bitcoin wastes too much energy” argument and has raised $30 million to do so. That’s according to Layer1 co-founder and CEO Alexander Liegl, which plans to bring wind-powered bitcoin mining rigs to West Texas early next year. The company is raising a total of $50 million at a $200 million valuation, he said. The idea of bitcoin crowding out other uses for clean energy reflects a misunderstanding of the market, Liegl explained in a Read more …

Blockchain technology has proven to be a catalyst of change across a wide variety of industries in the years since Bitcoin’s (BTC) inception in 2009. The subsequent creation of various blockchain projects and alternate cryptocurrencies has shown that blockchain technology can provide innovative changes across a broad spectrum. The worlds of finance, logistics and even law has directly benefited from the various applications of blockchain technology. Another sector that is beginning to embrace its potential benefits is education. Educational institutions Read more …