Category: Cryptocurrency News

Rob van Gijzel, ambassador of the Dutch Blockchain Coalition, presented a national blockchain research agenda, commissioned by the Dutch Ministry of Economic Affairs and Climate Policy, on May 8. The Ministry created a designated unit, ‘TopTeam ICT,’ tasked with researching the further development of blockchain across technology, legal issues, economic impact and ethics. The research agenda outlines the three key areas – proposed as design briefs – that it aims to address in order for blockchain to be adopted nationwide Read more …

Kodak has partnered with a blockchain project seeking to raise $50 million in a combined public and private token offering. The idea was put forth by Wenn Digital, the developer of an image protection blockchain platform licensed by Eastman Kodak Co. Kodak’s Blockchain Platform to Raise Up to $50 Million in Token Offering KODAKOne is a blockchain-based system created by Wenn Digital, designed to protect the copyright of images or photographs registered on the platform. Kodak holds a minority stake in Wenn Digital Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. South Korean cryptocurrency exchange Coinone is turning to Ripple for international remittances. Coinone Transfer, the retail remittance subsidiary of the namesake crypto exchange, will begin using Ripple’s enterprise blockchain network to power its soon-to-launch international remittance service for retail customers in the country. The remittance firm will use xCurrent, an enterprise blockchain software from the San Francisco-based Ripple, a press release confirmed. The solution powers end-to-end Read more …

A start-up company claims it can reduce public distrust in iGaming services through a blockchain system that generates “valid randomness” in games and makes them “provably fair.” Luckchemy, which is registered in Gibraltar, says its initial product is a daily lottery which uses a delegated Ethereum blockhash and a server seed to ensure the final result cannot be altered. Players can select five numbers from 1 to 47 and one number from 1 to 24, with a variety of prizes Read more …

The skyrocketing popularity of cryptocurrency over the past year has been heralded by many analysts and pundits as undeniable success of the growing decentralized movement. But the reality is that crossing the chasm from early adopters and speculators to mainstream usage has proved quite challenging for an industry that seeks to reinvent how people communicate, transact and share value.  Gem, a Los Angeles–based block-chain startup founded in 2013 in the early days of the decentralized movement, is launching a new cryptocurrency Read more …

“This has been the people’s revolution,” Michael Novogratz of Galaxy Digital told the crowd at the Fluidity Summit in Williamsburg, Brooklyn on Thursday.  Speaking from notes written on the back of a paper plate, he added: “We have never had a market mania led by retail before.” But Novogratz came to talk about the move of institutional investors into cryptocurrency following last year’s dramatic boom in prices. Novogratz started his remarks by mentioning his company’s own big recent development, the Read more …

Stock trading app Robinhood has raised $363 mln in a series D funding round in order to expand its crypto trading platform, ‘Robinhood Crypto,’ US-wide, according to a company press release today, May 10. As Fortune reports, the funding makes Robinhood the second most valuable fintech startup in the US, and its current valuation is at $5.6 bln, more than a fourfold increase from last year. DST Global led the recent round, with new investors including Sequoia Capital, Kleiner Perkins, Read more …

Big changes will be coming to Ethereum in the near future. The switch to proof-of-stake will occur through an initiative known as Casper. The first version of this technical solution has now been made available to the public. By collecting feedback from peers, the developers aim to make Casper as versatile as possible. What is Casper Exactly? For Ethereum, the switch from mining (proof of work) to proof-of-stake was always part of the long-term plan. While mining helps secure the Read more …

Join our community of 10 000 traders on Hacked.com for just $39 per month. The bitcoin price could reach $64,000 by the end of 2019, according to a new analysis of cryptocurrency mining economics. The study, conducted by Wall Street strategy firm Fundstrat Global Advisors, argues that that the ratio between the bitcoin price and miners’ breakeven cost (P/BE) has proven to be a “reliable long-term support level” for the flagship cryptocurrency and that current and future mining infrastructure development Read more …

New research from Fundstrat Global Advisors places Bitcoin prices at $36,000 by the end of 2019, co-founder Tom Lee revealed Thursday, May 10. Analysis of the relationship between Bitcoin mining costs and price by Fundstrat’s Quantamental Strategist Sam Doctor has led the market research firm to predict the cryptocurrency’s range will fall between $20,000 and $64,000 by 2019 year end. The calculations focused on Bitcoin Price to Mining Breakeven Cost Metric, known as P/BE, which Doctor says has “proven a Read more …