Category: Cryptocurrency News

Ebang Communication, one of the largest Bitcoin (BTC) mining hardware manufacturers in China, has filed an application for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKEX) today, June 25. The application confirms a Reuters report in May that the Zhejiang-based firm was working with advisers on a Hong Kong float, potentially seeking to raise as much as a staggering $1 billion to fund growth. Today’s filing does not give details on how much Ebang is seeking Read more …

AI-powered projects represent one of the most exciting sectors in the cryptocurrency space — but with so many to choose from, it’s hard to find the ones most worthy of your attention. Fear not! We’re here to separate the wheat from the chaff. Here are the 10 best AI-based projects to look out for in 2018. Cryptoindex Cryptoindex is an exciting new AI-powered platform built to, essentially, predict the next Bitcoin. It accomplishes this through the creation of a cryptocurrency Read more …

A senior executive from the provider of China’s top photo-retouching app, Meitu, will now lead HBUS – the new U.S. arm of cryptocurrency exchange Huobi. According to an announcement on Monday, Frank Fu, former managing director of Meitu’s global business, will join the fledgling U.S. exchange as CEO, and will manage its operations and oversee the platform’s technology development going forward. Fu’s appointment comes at a time when the exchange is moving toward a formal launch in the U.S., having already registered Read more …

The Bahamas has joined a small list of countries that are planning to experiment with central bank digital currencies (CBCD). The country’s Deputy Prime Minister who also doubles up as Minister of Finance, K. Peter Turnquest, announced during the recently held ‘The Bahamas Blockchain and Cryptocurrency Conference’ that a pilot digital currency will be introduced by the Central Bank of The Bahamas. With The Bahamas consisting of over 700 islands, islets and cays, Turnquest said that the digital currency would Read more …

Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25. The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and Filipino payment app GCash, its joint project with local telecoms company Globe Telecom. Part of a growing trend of Blockchain remittances in the Philippines, Ant Financial will establish international outreach in future, CEO Jack Ma told the press on the back of Read more …

Ant Finance, the payment affiliate of Chinese e-commerce giant Alibaba, has launched a blockchain-based cross-border settlement service for consumers. According to a local news report, Ant Finance announced the blockchain remittance service at a press conference in Hong Kong on Monday, saying it will initially be rolled out for consumers sending funds between Hong Kong and the Philippines. By integrating AlipayHK and GCash – a Philippines-based mobile payment service launched in 2017 – with a blockchain, Ant Finance says the Read more …

This week, after disclosing its plans to crackdown on anonymous cryptocurrencies Zcash, Dash, and Monero, the government of Japan has said that major credit agencies will evaluate cryptocurrency users to prevent the utilization of digital assets in laundering money generated from illicit operations. Suspicious Users Will be Investigated Credit agencies, information security research firms, and Japan Credit Information Service will cooperate with the government to investigate suspicious cryptocurrency trading accounts and individuals that trade unusually large amounts of digital assets Read more …

Markets and Prices Analysis conducted by Diar has indicated that only a minority of cryptocurrencies represent the vast majority of trading volume in the virtual currency markets – with only 0.36% of tradable cryptocurrencies found to have comprised 69% of the total trade volume of the entire cryptocurrency markets. Also Read: The Poor Flip, the Rich Hodl, Startup Finds Out Tracing Its Tokens Liquidity Across Majority of Cryptocurrency Markets “Near Non-Existent” A recent report published by Diar has found that over Read more …

CNBC’s Brian Kelly believes that sentiment surrounding the cryptocurrency market has hit the bottom, along with adoption rates. But Peter Smith, CEO of Blockchain, believes that this should be of no worry as users should stay in the market “for the long haul.” Declining Sentiment: Should You Be Worried? The last few months have been far from kind to the cryptocurrency market, with prices collectively declining by over 70% since the January highs. However, as Brian Kelly noted on CNBC, Read more …

Bitcoin (BTC) is again trading above $6,000 and looking up, but today’s closing price will likely set the tone for the rest of the week. The leading cryptocurrency fell to $5,755 at 15:00 UTC on Sunday – the lowest level since Nov. 12 – only to make a quick recovery back above $6,000 an hour later, according to Bitfinex data. The failure to capitalize on the drop, despite the long-run bearish technical setup, suggests that the bears are feeling exhausted, having 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. “June 25th marks the day of TRON’s independence from Ethereum.” TRON had its Independence Day press conference on June 25th 2018, 10:00 (GMT+8). Founder and CEO of TRON Justin Sun announced: “TRON has completed token Read more …