Report: Tether Does Have Enough Dollar Reserves to Back All USDT in Circulation
A Washington-based law firm said today that the cryptocurrency Tether (USDT), which as its name suggests is pegged to the value of the U.S. dollar, holds enough U.S. dollar reserves to back all of its coins in circulation. The news couldn’t come at a better time. Just last week a University of Texas research paper […]
Blockchain Startup Power Ledger Brings Electricity Sharing to Silicon Valley
Australian based peer to peer energy trading platform Power Ledger will collaborate with Silicon Valley Power to track the renewable energy use of electric vehicles. First Carbon Credit Project Perth startup Power Ledger has been pioneering blockchain based peer to peer renewable energy projects in countries around the world. Now the company has announced its first carbon credit […]
Vietnam Internet Crackdown Damages Plans to Become Blockchain Hub
Vietnam legislators approved a cybersecurity bill on June 12 putting tighter rules on tech companies from the start of 2019. Vietnam has been recognised as a potential hub for blockchain activity but doubts still remain over regulatory uncertainty. New Cybersecurity Bill Approved The new bill requires tech companies to hold important personal data locally which […]
Cryptocurrency Market Update: Ontology (ONT) Price Profits from New Partnership
FOMO MomentsCurrent performing altcoins are Ontology, Tron, Ethereum Classic, and Icon. The bears were caught napping and a small, but possibly short-lived, bounce occurred in the crypto markets a few hours ago. In what appears to be a single whale transaction, Bitcoin shot up $300 in a matter of minutes at 23.30 UTC. The short […]
EOS Mainnet Takes A 5 Hour Breather Due To A Small Bug, Criticized
The EOS mainnet had to take a quick breather yesterday, with an unexpected bug causing its blockchain to come to a full stop. Quick And Effective Response EOS New York stated that the blockchain paused at 9:56 UTC, which immediately triggered a knee-jerk response from all active EOS Block Producers. The block producers along with […]
A Single Incorrect Character Cripples ICON Blockchain, Bug Fix Implemented
Despite positive news regarding popular South Korean based cryptocurrency, Icon, a smart contract bug has temporarily crippled the transfer of the ICX ERC-20 token. != Or ==, Which One Is Correct? It was recently revealed that a flaw in ICX’s smart contract allowed for users to disable the transfer of all ICX ERC-20 tokens. Once […]
Robinhood CEO Believes Cryptocurrencies Are Here To Stay
Robinhood is by no means an ‘elder’ in the cryptocurrency industry, only opening up its cryptocurrency division in early January. Despite this, Robinhood’s co-CEO, Baiju Bhatt, believes that the cryptocurrency market has a strong future ahead of itself. “Bitcoin Just Keeps on Coming Back” During an interview with Yahoo Finance, Bhatt expressed his positive sentiments […]
Ethereum Rebounds Up Nearly 10% as SEC Confirms It’s Not a Security
The U.S. Securities and Exchange Commission (SEC) has declared that Ethereum (ETH) is not a security under U.S. securities law as it is a decentralized structure that is not controlled by any committed third party. SEC Backs Decentralized Coins Speaking at the Yahoo All Markets Summit: Crypto conference in San Francisco, the finance head said […]
WSJ Picks Five Blockchain Firms in Their List of Tech Companies to Watch this Year
The Wall Street Journal has made a list of 25 technology firms to watch this year. It features a total of five different blockchain companies, as well those dedicated to researching cyber security and artificial intelligence. Blockchain Companies Dominate Wall Street Journal List In case you didn’t realise, NewsBTC is all about Bitcoin and blockchain. […]
Binance Announces Icon (ICX) Mainnet Token Swap, Price Jumps
One of the world’s largest exchanges, Binance, has just revealed that it will be supporting Icon’s (ICX) mainnet within the upcoming week. Binance Supports Icon Mainnet Swap Binance has finally announced that it will be swapping the ICX ERC-20 tokens for the official mainnet coins, five months after the official release of the mainnet. Icon […]
Asian Altcoin Trading Roundup: Icon and Siacoin Boosted by Binance
FOMO MomentsCurrent performing altcoins are Icon, Siacoin, Cardano and Bytom. Today marks the fifth day of market decline. Since the rout started on Sunday over $70 billion has been wiped off the crypto markets. Total capitalization plunged below $300 billion and the down trend has steepened. Bitcoin is still down on the day but the […]
Is it a Bear Market or Just Back to Reality for Bitcoin
Bitcoin has slipped below $7,000 to hover in the mid-six thousand range again this week with growing speculation that it may fall below six as investors get panicky and sell. Maybe the question to ask is, is this the start of a new bear market or just a return to normalcy? Maybe it’s Not a Bear […]
SEC Chairman: Tokens are Not Exempt From Regulation, Expresses Discomfort
Government agencies all over the world scrutinize ICOs and their associated tokens. The SEC is an excellent example of the most recent developments taking place. Chairman Jay Clayton is seemingly convinced all tokens will be subject to regulation. That may prove impossible to enforce. Jay Clayton has a Unique View SEC Chairman Jay Clayton wants […]
Is South Korean Exchange Hack Responsible for Bitcoin Price Plunge?
Bitcoin price plunge over the weekend is generally being linked to another cryptocurrency exchange hack in South Korea. This time it was a smaller exchange called Coinrail that was breached by blackhats who made off with over $40 million in altcoins which may have caused the massive sell-off on Sunday leaving a trail of red […]
What Caused a Flash Crypto Crash to Wipe $15 Billion Out in Just Two Hours
FOMO MomentsMarkets are falling, altcoins getting hit hardest are EOS, Iota, Ontology, OmiseGo and Icon. That ongoing sideways ranging market has finally ended a few hours ago when a flash crash wiped $15 billion out of crypto in a couple of hours. The markets have slid over 6% over the past day and the bears […]
Embracing Regulation Is Good for Bitcoin, Analyst Says
Bitcoin is treading water since testing the $6,000 level for ground in early February 2018. The previous bullish momentum was capable of printing its all-time high near $20,000, but many questions have arisen since then, particularly in regard to regulatory grey areas. Adoption and compliance to governments regulation for the cryptocurrency market and initial coin […]
Russian Banker Turned Anarchist Farmer is Turning Potatoes into Cryptocurrency
As digital assets near the precipice of falling into the controlling hands of the very financial institutions they were created to disrupt, one banker turned farmer is leading a small village outside of Moscow in a potato driven cryptocurrency revolution. Rebuilding a Dying Village with Cryptocurrency When Mikhail Shlyapnikov was diagnosed with cancer a decade ago he […]
Much Hyped EOS Official Mainnet Still on The Launch Pad
The world’s largest ICO, valued at over $4 billion dollars, was set to launch on June 1st. However, over 5 days after the proposed launch date, a full release of the EOS blockchain has still not been released. Community Launch: Was It The Best Idea? Unlike the kick-starts of many other blockchains, Block.one, the team […]
