- Today’s main news: Bytecoin back on Binance, CoinMarketCap. Bytecoin is active again on Poloniex. Nvidia falls from all-time high. Casper, version 1, released for Ethereum. Finney phone can be pre-ordered. Bitmain develops crypto wallet for Huawei phone. Coinnest supports Tron’s mainnet migration.
- Today’s main analysis: Cryptos get slammed after UpBit raid. Overview of ICO market Q1 2018. (MUST-READ)
- Today’s thought-provoking articles: What Facebook can do with a cryptocurrency. What you can buy with Litecoin. How ASICs could smash Ethereum and weaken faith in crypto. Ripple price analysis. How Japan is creating the template for regulating cryptocurrencies.
- Bytecoin listed on Poloniex again. AT: “Unless there are major shenanigans, and by that I mean intentional criminality, these sort of drop-offs are usually short-lived.”
- What Facebook could be doing with a cryptocurrency. AT: “There’s no doubt the idea is related to payments, but the Cambridge Analytica incident gives impetus to another major concern, as well: Security. It’s likely Facebook is thinking in multiple directions.”
- What you can buy with Litecoin. AT: “This list keeps getting longer, and Litecoin is one of the reasons I think the world will adopt multiple cryptocurrencies for payments. It won’t be just Bitcoin, or Bitcoin Cash. When cryptocurrency payments go mainstream, there will likely be multiple options–like with credit cards–and Litecoin will be one of them.”
- Nvidia falls from all-time high. AT: “The news here is not that Nvidia fell, but that it reached an all-time high, driven primarily by the rising price in GPUs last year. It’s likely that we’ll see the stock go even higher, especially is there is another surge in crypto mining.”
- GPU manufacturers benefiting from crypto could soon change.
- Stocks to avoid when the crypto bubble bursts.
- Why Coinbase will answer Tron before answering Ripple.
- Is ZRX (0x) soon to be listed at Coinbase?
- Litecoin is now compatible with blocknet protocol.
- Segwit was mutual victory for Litecoin, Bitcoin.
- Verge kicked out of top 25.
- Smart contracts on Bitcoin Cash.
- Millennials buy cryptocurrencies to save for retirement.
- Does a crypto index fund make sense for your IRA?
- Crypto: No longer for the rich and famous.
- Prometheum files Reg A+ for first ICO legal warrants.
- Lawyers to launch blockchain-only law firm.
- Cryptocurrency’s rising international risks.
- 11th Circuit weighs in on crypto exchange arbitration lawsuit.
- Employers can use blockchain to prevent frivolous discrimination claims.
- How to regulate the blockchain.
- Tradelize allows newcomers to copy pro trades.
- The crypto vending machine that sells beer.
- OpenSea gets investment in crypto collectibles.
- Colorado’s pro-crypto ICO bill fails.
- Soundeon gets creative smart contract patent for music.
- Bytecoin back on Binance, CoinMarketCap. AT: “As stated above, unless there are major shenanigans, these sort of drop-offs are usually short-lived. I’m glad to see the coin making a comeback.”
- Cryptos are getting slammed after UpBit raid. AT: “Regulation and legal crackdowns all around the world will continue to place downward pressure on cryptocurrencies until there is a settled regulatory standard.”
- Bitcoin remains resilient.
- Critics say ASICs could destroy Ethereum, weaken faith in crypto. AT: “At the very least, this is overstated. They could actually boost the crypto markets and confidence in crypto, including Ethereum.”
- Ripple price analysis.
- Nigelthorn malware targets Facebook for crypto mining.
- ICORating releases ICO market overview for Q1 2018. AT: “A must-read.”
- 83% of exchange-listed coins traded below ICO price.
- Roger Ver expects Ethereum to outperform Bitcoin by end of 2018.
- Hodlbot offers auto crypto trading for Binance.
- How to mine cryptocurrencies on your Android smartphone.
- Can crypto burning manage inflation?
- All you need to know about ICO pools.
- Cardano aims for mainstream adoption with EMURGO.
- MediShares offers insurance on the blockchain.
- The Cryptomatic watch.
- Ethereum releases first version of Casper.
- Bitbond transfers loans with Bitcoin.
- Bitcoin money laundering suspect spared from prison poison plot.
- Bitmain develops first crypto wallet app for Huawei phones.
- Clipper Coin Capital debuts in Hong Kong.
- Government announces crypto ratings index.
- Japan is creating the template for crypto regulation.
- Coinnest supports Tron’s mainnet migration.
- Upbit raid’s impact on the crypto market.
- Indian crypto exchanges pivot to crypto-to-crypto trading.
- Why India is one of the hottest markets for blockchain startups.
- LINE prepares to launch a cryptocurrency.
- United Kingdom: Sirin Labs’ Finney blockchain phone can be pre-ordered.
- Russia: Waves smart contracts arrive on testnet.
- Iran: Central bank crypto ban controversy.
- Canada: Trifecta tests blockchain securities settlements.
- Zimbabwe: Reserve bank bans cryptocurrencies.
- Zimbabwe: Golix launches GLX Token.
- South Africa: 47% of South Africans plan to invest in crypto.
- United States
- Bytecoin [BCN] active on Poloniex (AMBCrypto), Rated: AAA
- Facebook Cryptocurrency: Here’s What Zuck Could Be Doing With Blockchain (Inverse Innovation), Rated: AAA
- Reasons Why Coinbase Will Answer Tron (TRX) Ahead Of Ripple (XRP) (CryptoRecorder), Rated: A
- Is ZRX (0x) about to be listed on Coinbase? (Oracle Times), Rated: A
- $ 2 million: Coinbase Ventures, Blockchain Capital, Others invest in Marketplace for Crypto Collectibles (Smartereum), Rated: B
- Pay With Litecoin: Here’s What You Can Buy with Litecoin (LTC) (Cryptocurrency News), Rated: AAA
- Litecoin (LTC) is now compatible with the blocknet protocol (Crypto Globalist), Rated: A
- Segwit activation was a mutual victory for both Litecoin [LTC] and Bitcoin [BTC] (AMBCrypto), Rated: A
- Verge [XVG] with net worth below $ 1 billion and kicked out of the top 25 league (AMBCrypto), Rated: A
- About the upcoming network upgrade: smart contracts on Bitcoin Cash (CoinGeek), Rated: A
- MILLENNIALS ARE BUYING CRYPTOCURRENCIES TO SAVE FOR RETIREMENT (Bitcoinist), Rated: A
- Eleventh Circuit Weighs in on Arbitration With Cryptocurrency Exchange (Lexology), Rated: A
- Nvidia Stock Falls From All-time High on Cryptocurrency Fears (Fortune), Rated: AAA
- Cryptocurrency has been great for GPU makers—that might change soon (Ars Technica), Rated: A
- Stocks To Avoid When The Crypto Bubble Bursts (Seeking Alpha), Rated: A
- Does A Cryptocurrency Index Fund Make Sense For Your IRA? (Forbes), Rated: A
- Crypto Is No Longer For The Rich And Famous (Forbes), Rated: A
- Prometheum, Inc. Files Reg A+ Offering for the First Legal Warrants for an Initial Coin Offering in the U.S. (GlobeNewswire), Rated: A
- Lawyers to Launch Blockchain-Only Law Firm (CoinDesk), Rated: A
- Cryptocurrency Brings Rising International Risks (Law360), Rated: A
- Employers Can Use Blockchain to Protect Against Frivolous Discrimination Claims (New Jersey Law Journal), Rated: A
- How Do You Regulate Blockchain? (PC Mag), Rated: A
- Cryptocurrency Ecosystem Allows Newcomers To Copy Trades By Professionals (CoinTelegraph), Rated: A
- This Crypto Vending Machine Can Tell If You’re 21 And Sell You Beer (CoinDesk), Rated: A
- Colorado Pro-Crypto ICO Bill Fails (Crowdfund Insider), Rated: B
- Soundeon Blockchain Music Platform’s Creative Smart Contract Patent (Bitcoin Exchange Guide), Rated: B
- Bytecoin [BCN] back on Binance and CoinMarketCap (AMBCrypto), Rated: AAA
- Cryptocurrencies are getting slammed after a raid at South Korea’s largest exchange (Business Insider), Rated: AAA
- Bitcoin Resilient In The Face Of Exchange Raid Fall-Out (Forbes), Rated: A
- Critics say these devices could ruin Ethereum and weaken faith in cryptocurrency altogether (Business Insider), Rated: AAA
- Ripple price analysis: Asian sell-off has stopped, but XRP/USD recovery is feeble (FXStreet), Rated: AAA
- Nigelthorn malware steals Facebook credentials, mines for cryptocurrency (ZDNet), Rated: A
- ICORating Releases Overview of ICO Market Research Q1 2018 (Bitcoin Exchange Guide), Rated: AAA
- 83% OF EXCHANGE-LISTED COINS TRADED BELOW ICO PRICE, RESEARCH SHOWS (Bitcoinist), Rated: A
- Roger Ver Expects Ethereum to Outperform Bitcoin by the End of 2018 (NewsBTC), Rated: A
- Automated Crypto Trading & Investing Bot For Binance? (Bitcoin Exchange Guide), Rated: A
- How to mine cryptocurrencies on your Android smartphone (TechRadar), Rated: A
- Cryptocurrency ‘Burning’: Can It Manage Inflation? (Investopedia), Rated: A
- All You Need to Know About ICO Pools – Benefits and Risks (Oracle Times), Rated: A
- Cardano Aims For Mainstream Adoption with EMURGO (Smartereum), Rated: B
- MediShares (MDS): Insurance Now Possible on Blockchain (Crypto Globalist), Rated: B
- FOR THOSE WHO ‘HEDL’ – THE NEW CRYPTOMATIC WATCH INSPIRED BY THE BITCOIN HODLER (Bitcoinist), Rated: B
- European Union
- Ethereum’s move to PoS — First version of Casper released (Brave New Coin), Rated: AAA
- German online bank uses Bitcoins to transfer loans (Reuters), Rated: A
- Bitcoin money laundering suspect spared from prison poison plot (Ars Technica), Rated: A
- United Kingdom
- Sirin Finney Blockchain Smartphone Is Now Up For Pre-Order (Android Headlines), Rated: AAA
- Bitmain Developed First Ever Crypto Wallet App for Huawei Phone Users (NewsBTC), Rated: AAA
- Crypto Investment Bank Debuts in Hong Kong (Asia Sentinel), Rated: A
- China Government announces a cryptocurrency ratings index (Oracle Times), Rated: B
- How Japan Is Creating a Template for Cryptocurrency Regulation (Bitcoin Magazine), Rated: AAA
- Tron [TRX] Mainnet migration will be supported by Coinnest (AMBCrypto), Rated: AAA
- Impact of Upbit raid on the cryptocurrency market (AMBCrypto), Rated: A
- Indian Exchanges pivot to Crypto-to-Crypto trading amid RBI Banking Blockade (CCN), Rated: A
- This Techpreneur Shares Why India is one of the Hottest Market for Blockchain Startups (Entrepreneur India), Rated: A
- Asian Technology Giant LINE Prepares to Launch Its Own Cryptocurrency (The Merkle), Rated: A
- Waves Smart Contracts Arrive on the Testnet (The Merkle), Rated: AAA
- Controversies over Iran’s Central Bank Banning Cryptocurrencies (Techrasa), Rated: A
- Reserve Bank of Zimbabwe Issues Ban on Cryptocurrencies to ‘Protect the Public’ (NewsBTC), Rated: AAA
- Despite Ban Of Bitcoin Trading By RBZ, Golix Launches Their Own Token: GLX Token (TechZim), Rated: A
- 47% of South Africans Plan to Invest in Cryptocurrencies (CCN), Rated: A
- Canadian Trifecta Successfully Tests Blockchain Securities Settlements (Bitsonline), Rated: AAA
Bytecoin [BCN] active on Poloniex (AMBCrypto), Rated: AAA
Bytecoin [BCN] has been swirling the entire market since the last few days with ransacked price surges and going out of order due to overload after being listed on the world’s largest trading platform, Binance. All transactions and trading activities were halted right after Bytecoin shot up by 166% and more in price as the Binance announcement came into light. A few hours right after this, everything froze on Poloniex, HitBTC, Binance and even Coinmarketcap which could not display live price details or any other details about Bytecoin. The official team of Bytecoin announced that a bug caused all the inconvenience in the market.
After 2 days, everything is falling back to place and the exchanges are recovering themselves, fixing the network and trading issues with Bytecoin. Binance was the first to announce the fix a day ago but users continued to complain about errors in the same and the team at Binance has not yet updated anything regarding the same. Also, Coinmarketcap returned to normal after the errors being fixed with Bytecoin. Poloniex Exchange announced the resolution last night and claim that all trade activities have returned to normal.
Facebook Cryptocurrency: Here’s What Zuck Could Be Doing With Blockchain (Inverse Innovation), Rated: AAA
Get ready to save up some ZuckBucks. Facebook is developing its own cryptocurrency to enable fast payments, according to a Friday report. The project is part of its new blockchain research team, headed up by former Messenger head and current Coinbase board member David Marcus.
Wednesday’s announcement of the team led to speculation that Facebook could use blockchain to secure data like identities, but Heath claims it is “payments, specifically, [that] is a very serious avenue.” Marcus, also a former president of PayPal, dropped a big hint about this direction three months ago when he said current crypto payments are expensive and slow, but “maybe we’ll do something” when these problems are fixed.
Reasons Why Coinbase Will Answer Tron (TRX) Ahead Of Ripple (XRP) (CryptoRecorder), Rated: A
- Coinbase Wants More Trading In this view, Coinbase may be looking forward to acquire a cheaper altcoin, with high volume and much recognition in the market like Tron (TRX).
- Tron To Get A Base In San Francisco
- The Feng Li Connection
Is ZRX (0x) about to be listed on Coinbase? (Oracle Times), Rated: A
0x is a Coinbase sponsored project.
Coinbase announced that they’ll be adding ERC20 token support to the wallets shortly and this would fir the August timeframe that we’ve mentioned earlier.
The exchange will probably add ZRX because people like cheap tokens (see Ripple’s fate), regardless of their market cap. Adding 0x, Coinbase would offer its users a coin under $10.
$ 2 million: Coinbase Ventures, Blockchain Capital, Others invest in Marketplace for Crypto Collectibles (Smartereum), Rated: B
A startup is creating an “eBay for crypto collectible” and some high profile names are interested. OpenSea is a platform for users to buy and sell crypto collectibles like CryptoKitties. The startup which came from accelerator program Y-Combiantor last year announced Thursday that it raised $2 million in a seed stage funding.
Pay With Litecoin: Here’s What You Can Buy with Litecoin (LTC) (Cryptocurrency News), Rated: AAA
According to Litecoin, you can buy anything ranging from clothing and apparel to food and drink to an airplane ticket.
RE/MAX is listed on the Litecoin store as being able to buy and sell real estate using LTC.
You can buy pet toys, treats, accessories, and more from CryptoPet.
When you buy tea from Tealet with Litecoin, you’re buying tea straight from the people who make it.
San Marco Coffee is one of the places offering coffee in exchange for Litecoin.
Common Spark Media is a photography studio that accepts Litecoin.
Check out the complete list of official Litecoin (LTC) merchants.
Litecoin (LTC) is now compatible with the blocknet protocol (Crypto Globalist), Rated: A
However, this is all about to change thanks to the compatibility of Litecoin (LTC) with the blocknet protocol. Blocknet is a system that allows users to exchange digital assets without the need for a third party. The entire process is completed through a system known as atomic swaps. Through blocknet, anyone who has fiat, or any other crypto can exchange it for Litecoin without having to go through third parties.
Segwit activation was a mutual victory for both Litecoin [LTC] and Bitcoin [BTC] (AMBCrypto), Rated: A
On the 7th of May last year, Segwit, a soft fork update was activated after endorsements by Litecoin.
There was an insurgency to increase the blocksize to process more transactions.
The second issue was that about increasing numbers of covert ASIC Boost mining on the Bitcoin network.
Finally the issue of transaction malleability which was one of the most flawed loopholes of the transaction ID verification. The malleability of the transaction means that there are possible ways for a user to potentially alter the transaction ID. This was a major issue as it was reported that if users manipulate the data at a favorable time, extra Bitcoin was sent.
Verge [XVG] with net worth below $ 1 billion and kicked out of the top 25 league (AMBCrypto), Rated: A
Verge [XVG] went through a terrible time as the price dropped by 17.19% in the last 24 hour period. The price has continuously dropped by 3.2% in the last one hour mark. At 8:30 AM UTC, XVG has a value of $0.055 with a market capitalization of $838 million.
XVG is currently positioned at rank 28 on Coinmarketcap and is followed by 0X [ZRX].
About the upcoming network upgrade: smart contracts on Bitcoin Cash (CoinGeek), Rated: A
As the scheduled hard fork for Bitcoin Cash (BCH) draws near, we look at what’s in the horizon for Bitcoin Cash. The hard fork, scheduled on May 15, is packed with some promising updates: a block increase to 32Mb, an increase to the OP_Return data carrier limit to 223 bytes, and the restoration of certain OP_Codes for advanced functionality. The last one is particularly intriguing, as it would unleash the smart contract and tokenization capability—on the security backbone that is Bitcoin.
MILLENNIALS ARE BUYING CRYPTOCURRENCIES TO SAVE FOR RETIREMENT (Bitcoinist), Rated: A
Most millennials, people born between 1981 and 1996, are not saving for retirement. For example, in February 2018, the National Institute on Retirement Security released a study, which concluded that “95 percent of millennials are not saving adequately for retirement.” Then there’s the fact that over 66 percent of working millennials have nothing saved for retirement.
However, a growing number of millennials are investing in cryptocurrencies. For 21.2 percent of college students, the urge to buy cryptocurrencies even involves using their financial aid money, concluded a survey conducted by The Student Report.
Eleventh Circuit Weighs in on Arbitration With Cryptocurrency Exchange (Lexology), Rated: A
May an online digital currency platform compel arbitration in a proposed class action brought by a former customer of a now-defunct cryptocurrency…
Nvidia Stock Falls From All-time High on Cryptocurrency Fears (Fortune), Rated: AAA
On Thursday after the market close, Nvidia said its first quarter revenue jumped66% to $3.2 billion, more than analysts expected, and adjusted net income per share more than doubled to $2.05, also beating the average estimate. But looking deeper, Nvidia said its sales to datacenters, which largely use the graphics chips for machine learning and artificial intelligence apps, reached only $701 million, less than expected. And the company disclosed that volatile sales to customers who mine digital currencies like Ethereum totaled $289 million.
On Friday, Nvidia (nvda) shares were down 1% to $257.71 in midday trading.
Cryptocurrency has been great for GPU makers—that might change soon (Ars Technica), Rated: A
Nvidia announced its financial results on Thursday, and they were spectacular. For the company’s first fiscal quarter—which runs from late January through late April—the company had revenues of $3.2 billion. That’s up 10 percent from the previous quarter and up 66 percent over the last year. Profits were even more impressive, rising 11 percent from the previous quarter and 145 percent from a year earlier.
A big reason for this: the soaring value of ether and other cryptocurrencies in recent months created a ton of demand for graphics cards to mine them. That surging demand caused the street price of some high-end graphics cards to more than double between mid-2017 and February 2018.
The story has been similar for Nvidia’s main graphics card rival AMD, which released first-quarter results a few weeks ago. AMD announced record revenues and profits, with revenues up 23 percent since last quarter and 40 percent over a year earlier. AMD earned an $81 million profit in the first quarter of 2018, compared to a $19 million loss the previous quarter and a $33 million loss in the first quarter of 2017.
Stocks To Avoid When The Crypto Bubble Bursts (Seeking Alpha), Rated: A
Probably no mainstream stock name is more synonymous with crypto than NVIDIA.
With $289M in sales this quarter and a projected $95M or so in sales next quarter, the company looks to be on a path for about a $400M annual run rate.
Advanced Micro Devices
AMD is the other major discrete GPU provider whose products are used to mine crypto. AMD gives out fewer details on its crypto business than NVIDIA. The same analyst that put NVIDIA’s crypto sales at 10% estimates AMD may have up to 20% exposure to the crypto market. For its part, AMD claims the number is much lower at around 5-6%. But management claims it can’t be sure because it doesn’t track its end markets that closely.
Taiwan Semiconductor is perhaps one of the companies most exposed to the crypto currency market. It is the supplier to Bitmain, one of the largest crypto ASIC manufacturers, as well as a supplier to AMD and NVIDIA. In fact, its business with Bitmain is so large that it warrants inclusion in the company’s 20-F.
Samsung isn’t traditionally thought of as having much if any exposure to the crypto market, but we aren’t so sure. Samsung recently confirmed it was going to start manufacturing ASIC chips. Market leader Bitmain still uses TSM for its chips, so it’s uncertain at this time how much business Samsung will win from the crypto world.
Does A Cryptocurrency Index Fund Make Sense For Your IRA? (Forbes), Rated: A
Has the time arrived to invest in an index fund that holds a basket of cryptocurrencies, including Bitcoin?
The quick answer is: It depends. The usual reasons for gauging your own risk tolerance — and ability to handle losses — should be your first concern. If you aren’t in a position to lose money, then read no further.
Crypto Is No Longer For The Rich And Famous (Forbes), Rated: A
How many everyday people do you know who have traded their leather wallets for digital ones? Unless you live in Hollywood, the answer may be very few or even zero. It may seem like cryptocurrency is just for the rich and famous, but that may be changing. Within just a few years, you may know many people who dabble in or have completely converted to cryptocurrency. And you might be one of them!
People love convenience. Isn’t that why Walmart remains so popular? Shoppers can buy clothes and groceries in one trip. What if there was a similar solution to cryptocurrency? That type of convenience would certainly appeal to both potential users and regulators alike. Well, that solution is becoming a reality with Nauticus. The startup is presenting a convenient and inclusive “shop” where users can buy and sell all of the altcoins they want in multiple fiat currencies.
Nauticus’ ecosystem (“Nauticus Exchange”) is the first of its kind. Not only can it be used anywhere in the world, it also offers 300 different cryptocurrencies and 16 fiat currencies.
Prometheum, Inc. Files Reg A+ Offering for the First Legal Warrants for an Initial Coin Offering in the U.S. (GlobeNewswire), Rated: A
Prometheum, Inc., which proposes the only comprehensive route to a legal Initial Coin Offering (ICO), announced today that it has filed an amended Reg A+ Offering Statement for its own ICO, in which it seeks to raise $50M by selling warrants for its Ember tokens. Prometheum anticipates being the first U.S. issuer to sell warrants/tokens under Reg A+, qualified for public trading, fully compliant with the Federal Securities Laws. That means, unlike all other tokens issued to date, Prometheum warrants for Ember tokens will, when qualified by the SEC, be available to all investors (both accredited and non-accredited) and will be legally tradable in the secondary securities market in the United States.
Lawyers to Launch Blockchain-Only Law Firm (CoinDesk), Rated: A
Called DLx Law LLP, the firm opened its doors this month, with offices in New York and Washington, D.C. Its founders, Angelovska-Wilson, previously general counsel and chief compliance officer at enterprise blockchain startup Digital Asset, and Cohen, a seasoned securities lawyer, aim to run the firm differently than the typical law practice, in a way that aligns better with the culture of the blockchain space.
For example, they eschew the term “partner,” because in their view it fosters a sense of possession over clients or cases. Instead, lawyers will assume responsibilities based on their skills, not seniority, Cohen told CoinDesk.
More concretely, and like a few other law firms with cryptocurrency clients, DLx accepts payment in bitcoin or ether. And down the road, it would like to rethink the age-old practice of charging by the hour and experiment with smart contracts and other unorthodox ways of being paid for legal services.
Cryptocurrency Brings Rising International Risks (Law360), Rated: A
The recent boom in initial coin offerings has drawn wide-ranging regulatory scrutiny in the U.S. stemming from concerns that main-street investors are at increased risk of exposure to fraud when investing in unregistered ICOs. While the U.S. Securities and Exchange Commission, the U.S. Department of Justice, and other regulators have begun to weigh in on the risks associated with ICOs, it largely remains to be seen how regulators will address the international risks associated with digital currency transactions that often span international borders.
Employers Can Use Blockchain to Protect Against Frivolous Discrimination Claims (New Jersey Law Journal), Rated: A
A sea change is coming in challenging discriminatory treatment. From July 2016 through June 2017, almost 2,000 defamation, inverse condemnation, Conscientious Employee Protection Act (CEPA), and Law Against Discrimination (LAD) cases were filed in New Jersey state court. See Administrative Office of the Courts – Court Management Statistics, New Jersey Judiciary Civil Statistics July 2016 – June 2017. Of those, 806 settled. This means that about 45 percent of employment-related discrimination complaints were resolved without a court’s liability determination.
While an attorney’s role in employment law remains important, employers should consider a pre-emptive tool for warding off meritless claims.
How Do You Regulate Blockchain? (PC Mag), Rated: A
It’s hard enough for the US government to understand blockchain and cryptocurrencies to the point where they can effectively regulate the industry. It’s even more difficult when there are half a dozen different government agencies figuring out how to do it.
Cryptocurrency Ecosystem Allows Newcomers To Copy Trades By Professionals (CoinTelegraph), Rated: A
A new ecosystem is bringing together professional traders, cryptocurrency holders and first-time investors in the crypto market – with the platform offering “tailor-made products” for each of them.
Tradelize says it has divided its software into specific layers, enabling users with varying levels of experience to find the service that fits their particular needs.
This Crypto Vending Machine Can Tell If You’re 21 And Sell You Beer (CoinDesk), Rated: A
Announced Friday, the San Francisco-based startup will unveil the world’s first “crypto beer vending machine” at CoinDesk’s Consensus 2018 next week. No gimmick, Civic sees the prototype, built and branded in partnership with beverage giant Anheuser-Busch, as a way to demonstrate the utility of blockchain-based identity verification schemes.
Colorado Pro-Crypto ICO Bill Fails (Crowdfund Insider), Rated: B
A bill (HB 1426) that would have made Colorado a haven for ICO’s (Initial Coin Offerings) failed to pass a third reading Wednesday in the Colorado Legislature by a narrow margin of 18-17, the Denver Post reports.
Soundeon Blockchain Music Platform’s Creative Smart Contract Patent (Bitcoin Exchange Guide), Rated: B
Soundeon, the first ever decentralized platform dedicated for music, has been making continuous efforts to stand out, as the developers have filed a nonprovisional utility patent with the US Patent and Trademark Office (USPTO) on April 27th, 2018. This decision was done for the supposed, Creative Smart Contract technology underlying the platform.
Bytecoin [BCN] back on Binance and CoinMarketCap (AMBCrypto), Rated: AAA
Bytecoin [BCN] is back on Binance and CoinMarketCap and is showing a rise when the whole market is bleeding. The coin had seen a huge dip in the rank on CoinMarketCap, it went straight from the 15th position to the bottom position of 1594. The coin is currently at the 16th position with a market cap of $2 billion and is currently trading at $0.001 and has seen a rise of more than 1% in the past 1 hour.
There is still no data regarding the change in the past 24 hours on CoinMarketCap but the platform shows a rise of more than 67% in the past 7 days.
Cryptocurrencies are getting slammed after a raid at South Korea’s largest exchange (Business Insider), Rated: AAA
South Korean news agency Yonhap said prosecutors raided the country’s biggest cryptocurrency exchange, Upbit, on Thursday and Friday on suspicion of fraud. Upbit is the largest market for cryptocurrency EOS, accounting for 13% of all trade according to FXStreet, and EOS dropped 16% on Friday in response.
Here’s the scoreboard as of 1:35 p.m. BST (8:35 a.m. ET):
Bitcoin Resilient In The Face Of Exchange Raid Fall-Out (Forbes), Rated: A
Every one of the top 25 digital currencies (ranked by total market value) was in the red at the time of this writing, according to CoinMarketCap data.
While Bitcoin had fallen 8.2% over the last 24 hours, several major cryptocurrencies had suffered losses close to twice that high.
Stellar, Cardano and EOS, for example, were all down at least 16%, additional CoinMarketCap figures show.
Ripple’s XRP token and Bitcoin Cash, while not as far in the red, had dropped 12.8% and 13.8%, respectively.
Critics say these devices could ruin Ethereum and weaken faith in cryptocurrency altogether (Business Insider), Rated: AAA
Developers behind the ethereum cryptocurrency are worried about the introduction of ASIC devices, according to a story on Bloomberg. ASICs “could have a negative impact on the Ethereum community and therefore on Ethereum price,” said Sam Doctor, a managing director at Fundstrat Global Advisors who spoke with Bloomberg.
One of the fears is that they’ll drive away a large number of casual or amateur ether miners who use graphics card to mine ethereum. The belief is that ASIC ether-mining devices will be so powerful that mining with graphics cards won’t be profitable anymore. So, casual miners with graphics cards will stop mining.
ASIC stands for “application-specific integrated circuit.” In other words, an ASIC is a device that’s designed for a specific purpose or use. By focusing on a single application, ASICs are often better than other devices that are designed around a broader set of applications.
Different ASIC miners also come with varying price tags. Some cost as low as $150, and others can go for above $2,000.
For example, the $160 Antminer S9 from the company Bitmain promises to mine certain cryptocurrencies at 4 terahash per second (TH/s). Meanwhile, the $925 Antminer S9i promises speeds of 14 TH/s. The higher the number, the faster the problems can be solved.
Ripple price analysis: Asian sell-off has stopped, but XRP/USD recovery is feeble (FXStreet), Rated: AAA
Ripple is trading in a range limited by 100 and 50-DMAs at $0.7760 and $0.6960 respectively. The coin recovered from Sunday’s low registered at $0.6461, it is trading at $0.7040, dangerously close to psychological $0.7000 and the above mentioned $0.6960.
Nigelthorn malware steals Facebook credentials, mines for cryptocurrency (ZDNet), Rated: A
A new malware campaign has been uncovered on Facebook which not only steals account credentials but also installs scripts for covert cryptocurrency mining.
Cybersecurity firm Radware said in a blog post on Thursday that Nigelthorn is a new campaign which focuses on the Facebook social network.
The malware is so called due to the abuse of a legitimate Google Chrome extension called “Nigelify,” which replaces images displayed on a web page with pictures of Nigel Thornberry, a cartoon character from the television show The Wild Thornberrys.
ICORating Releases Overview of ICO Market Research Q1 2018 (Bitcoin Exchange Guide), Rated: AAA
ICORating just released its ICO Market Research Q1 2018 report. The report highlights some of the biggest news, statistics, and analyses from across the cryptocurrency markets for the first three months of 2018.
ICOs Raised $3.3 Billion in Q1 2018
One of the highlights of the report was its total reported fundraising. A total of $3.3 billion was raised across the ICO industry in Q1 2018. Money was raised from a total of 412 projects. That’s a slight increase over Q4 2017, when $3.15 billion was raised across the industry. 5% more money was raised from ICOs in Q1 2018.
This brings the total amount of money raised from ICOs in the past year to $6.184 billion.
83% OF EXCHANGE-LISTED COINS TRADED BELOW ICO PRICE, RESEARCH SHOWS (Bitcoinist), Rated: A
Earlier in March, it was reported that roughly around $9 million per day was burnt due to ICO and other crypto-related scams.
According to research from ICOrating, 46.6% of the projects didn’t have any development prior to their ICO campaign.
What is more, 9% of the projects didn’t have any functioning business prior to their ICO. Meanwhile, 40% of the projects examined provided absolutely no information regarding their asset management strategy or even the names of their CEOs. This is a major red flag.
A total of 412 ICOs staged in the first quarter of 2018 and only 204 managed to raise more than $100,000. Out of those, 89 got listed on public crypto exchanges, which is what the wide majority of regular investors look forward to in order to ‘flip’ the coins for a profit.
However, out of the coins that got listed on an exchange, 83% actually traded below the ICO price.
Roger Ver Expects Ethereum to Outperform Bitcoin by the End of 2018 (NewsBTC), Rated: A
Roger Ver has come out with some surprising predictions for Ethereum. The early Bitcoin-turned-Bitcoin Cash advocate believes a ‘flippening’ will occur that will see the market capitalisation of Ethereum overtake that of BTC.
Automated Crypto Trading & Investing Bot For Binance? (Bitcoin Exchange Guide), Rated: A
Because of this, today we will review an autotrade bot company called HodlBot, which automatically diversifies and rebalancing your portfolio on the platform according to the Top 20 cryptos of the moment following the market capitalization.
This is a cryptocurrency trading bot that invests in the top coinsof the market following the capitalization of Binance and automates a lot of work for you. You only have to download it, choose a strategy to mount your portfolio and invest in this program.
You need a Binance account and $200 USD in cryptocurrencies to create your account. After you start to use it, you just put the API of HodlBot on the Binance exchange and you will be able to use it at your will.
How to mine cryptocurrencies on your Android smartphone (TechRadar), Rated: A
In this guide you’ll learn how to master the MinerGate Android app to make money through mining. After going through the simple setup process, you can use the built-in calculator to see how much you can earn every day. While this won’t make you rich overnight, it’s a great way to make small amounts of money if your Android smartphone has a little spare processing power.
Cryptocurrency ‘Burning’: Can It Manage Inflation? (Investopedia), Rated: A
Bitcoin is an example as to why coin burning may not work. Bitcoin is capped at 21 million tokens; some analysts believe that this cap helps to contribute to the value of BTC. Still, bitcoin has also created new tokens in several instances thanks to hard forks; this is how bitcoin cash, bitcoin gold and other spinoffs came to be. If bitcoin were to fork again in the future, even more tokens would be generated. Thus, the idea that bitcoin is “scarce” is thus somewhat artificial.
All You Need to Know About ICO Pools – Benefits and Risks (Oracle Times), Rated: A
If you haven’t heard of ICO pools, you’re in the right place to find out more about them and their benefits. These are some ingenious inventions, and they’re also a significant help for navigating through the massive amount of ICOs that are currently flooding the crypto space. On the other hand, it’s also important to note that there are a few risks involves in ICO pools investing, but this should not come as a surprise, as the whole crypto world is a risky place to be in.
Cardano Aims For Mainstream Adoption with EMURGO (Smartereum), Rated: B
A blockchain startup incubator that is based out of Japan – Emurgo, announced on Monday 10, May 2018 that it would be integrating the digital currency of Cardano (ADA) in Metaps Plus. Metaps Plus is a payment platform, and it is one of the biggest payment platforms in South Korea with over ten million mobile to offline transactions.
MediShares (MDS): Insurance Now Possible on Blockchain (Crypto Globalist), Rated: B
Blockchain technologies are becoming more diverse with every new innovation looking for a niche to fill. MediShares (MDS) recently ventured into the mutual aid market that has been growing enormously in the past decade. This is a type of insurance currently offered through traditional finance processes that seem rather rigorous for some customers. It is for this reason that MediShares developed a blockchain platform to link the demand and supply within this industry at cheaper costs and greater flexibility.
FOR THOSE WHO ‘HEDL’ – THE NEW CRYPTOMATIC WATCH INSPIRED BY THE BITCOIN HODLER (Bitcoinist), Rated: B
Bitcoinist got its hands on one of the latest Hodler Collection watches from Cryptomatic, a design inspired by so-called Bitcoin ‘hodlers’ whose patience really paid off as the value of Bitcoin has skyrocketed in recent years.
The company’s first watch, called the CRYPTOMAT (i.e. Crypto-diplomat), was born during the early years when the first “Bitcoin embassies” started popping up around the world.
Ethereum’s move to PoS — First version of Casper released (Brave New Coin), Rated: AAA
The v.0.1 Casper code was announced by developer Danny Ryan on GitHub, who said that the release will allow auditors and existing Ethereum clients to review the code and experiment with integrating it into their software. Ryan wrote on Reddit:
“More than just the research team is using the contract now — auditors, client devs, etc — so we wanted to start issuing clearer versioning and changelogs to help everyone stay organized.”
Since Casper will not be compatible with earlier versions of Ethereum, the release gives Ethereum software clients an opportunity to “track changes” and integrate the updated scripts into their system before the event of a hard fork.
German online bank uses Bitcoins to transfer loans (Reuters), Rated: A
Bitbond uses cryptocurrencies like Bitcoin to bypass the Swift international transfer system to lend money across the globe rapidly and at low cost.
“Traditional money transfers are relatively costly due to currency exchange fees, and can take up to a few days,” Albrecht told Reuters TV in his office in Berlin’s fashionable neighborhood Prenzlauer Berg. “With Bitbond, payments work independently of where customers are. Via internet it is very, very quick and the fees are low.”
Bitcoin money laundering suspect spared from prison poison plot (Ars Technica), Rated: A
Greek law enforcement has disrupted a plan to murder a Russian man arrested in Greece last year, who American authorities believe laundered billions of dollars’ worth of Bitcoin through BTC-e, a shady Bitcoin exchange that the suspect is also accused of creating.
Sputnik News, a Russian media outlet, quoted an anonymous source “familiar with the situation” who said that local criminals were plotting to poison the Russian suspect, Alexander Vinnik. He is reportedly now “forbidden” from receiving any items and cannot even contact other inmates.
Sirin Finney Blockchain Smartphone Is Now Up For Pre-Order (Android Headlines), Rated: AAA
The target price of the Sirin Finney blockchain smartphone is set at $999, though you can grab a 10-percent discount on the company’s official website if you’d like to pre-order the device, just follow the source link down below.
Bitmain Developed First Ever Crypto Wallet App for Huawei Phone Users (NewsBTC), Rated: AAA
The third largest mobile handset maker in the world, Huawei Technologies Co., a Chinese multinational communications technology company, announced that a new Bitcoin (BTC) wallet app will be available to download for their mobile phone users starting today, the South China Morning Post reported.
Crypto Investment Bank Debuts in Hong Kong (Asia Sentinel), Rated: A
Crypto investment bank and asset management firm, Clipper Coin Capital, is expected to debut on May 14 when it lists its digital token CCCX on the Hong Kong-based digital asset exchange, Coinsuper. Founded by former Wall Street hedge fund manager Zhen Liu, Clipper Coin Capital (CCC) aims to be the leading provider of professional financial research, investment banking and asset management services to the casino-like cryptocurrency market.
China Government announces a cryptocurrency ratings index (Oracle Times), Rated: B
A major Chinese government department – the China Electronic Information Industry Development (CCID) of the Ministry of Industry and Information Technology – has announced today its inaugural monthly Global Public Chain Assessment Index at a conference in Beijing.
How Japan Is Creating a Template for Cryptocurrency Regulation (Bitcoin Magazine), Rated: AAA
Some countries in Asia are feeling the pain of inadequate cryptocurrency regulation, while others, like India, China and South Korea, have taken an uncertain or hostile stance to cryptocurrency. In contrast, Japan is building a clear framework for how virtual currency exchanges, and soon initial coin offerings (ICOs), should operate there. In doing so, Japan is becoming a hotspot for virtual currency exchanges that can afford to comply with its strict rules, while also creating a regulatory template for the rest of Asia to follow.
Japan has always been friendly to cryptocurrency, but it took an early hit in 2014 when Tokyo-based cryptocurrency exchange Mt. Gox became the target of the largest bitcoin hack ever. The exchange was handling 70 percent of all of the bitcoin transactions in the world when, after a series of messy complications, it abruptly stopped trading in February 2017.
Tron [TRX] Mainnet migration will be supported by Coinnest (AMBCrypto), Rated: AAA
Coinnest, one of the leading cryptocurrency exchange platforms of South Korea will be supporting Tron [TRX] Mainnet migration. Justin Sun, the Founder of Tron Foundation made the announcement regarding the exchange platform’s support earlier today.
Impact of Upbit raid on the cryptocurrency market (AMBCrypto), Rated: A
All the cryptocurrencies in the market suffered from great decline following the Upbit raid which took place recently. These widespread declines have taken place after it was reported that South Korean authorities raided Upbit, nation’s largest digital currency exchange. Widespread losses were experienced by the entire market and all the top 25 digital currencies were in red at the time of writing.
To prevent a complete shutdown of trading, Cryptocurrency exchanges have been rampantly adding crypto-to-crypto trading pairs which never existed a few months ago.
Just last week, Zebpay, India’s largest Cryptocurrency exchange announced six new crypto-to-crypto trading pairs. These include Ethereum, Bitcoin cash, and Ripple against BTC. Another popular exchange, Unocoin announced a new app where users would be able to trade popular cryptocurrencies against other cryptocurrencies.
This Techpreneur Shares Why India is one of the Hottest Market for Blockchain Startups (Entrepreneur India), Rated: A
But Munagala says running a blockchain company is not an easy task as there is lack of awareness and understanding of the technology among industry-related stakeholders.
Asian Technology Giant LINE Prepares to Launch Its Own Cryptocurrency (The Merkle), Rated: A
LINE, the company known for its popular instant messaging solution in Asia, is looking to create such a cryptocurrency in the near future. Said currency will be known as LINE Q and will mainly serve the purpose of rewarding users based on their participation on the platform. After all, such platforms wouldn’t be successful without the users who rely on it on a regular basis.
Waves Smart Contracts Arrive on the Testnet (The Merkle), Rated: AAA
In the world of cryptocurrency, innovation takes many different forms. Whereas most people pay attention to Bitcoin exclusively, it is not the only currency with some innovative features. Waves, for example, recently introduced its smart contract functionality.
Controversies over Iran’s Central Bank Banning Cryptocurrencies (Techrasa), Rated: A
On April 22nd, the Central Bank of Iran (CBI) decided to limit and ban Bitcoin and other cryptocurrencies across the country.
Parvizian pointed that one of the outcomes of telling people not to trade these currencies and limiting them, will be getting away from the governments’ supervision. He said that currently 140 countries are dealing with this phenomena, and people have spent hundreds of billion Dollars on these currencies. “According to statistics, 320 billion Dollars on Bitcoin, 70 billion on Ethereum, 30 billion on Ripple and large amounts on the others have been invested, which shows that they cannot be ignored.”
Reserve Bank of Zimbabwe Issues Ban on Cryptocurrencies to ‘Protect the Public’ (NewsBTC), Rated: AAA
Zimbabwe’s central bank (RBZ) has banned the transacting in and trading of cryptocurrencies.
Despite Ban Of Bitcoin Trading By RBZ, Golix Launches Their Own Token: GLX Token (TechZim), Rated: A
Coming off the RBZ’s recent directive instructing financial institutions to refrain from dealing with Cryptos, Golix, Zimbabwe’s first and biggest cryptocurrency exchange is soldiering on and has announced that they have launched their very own token (crypto) i.e. GLX Token.
47% of South Africans Plan to Invest in Cryptocurrencies (CCN), Rated: A
The MyBroadband 2018 Cryptocurrency Survey — completed in April — shows that more South Africans who have never previously held cryptocurrencies are planning to invest in cryptocurrencies either by purchasing them directly or by gaining exposure to the industry through investments in related enterprises such as cryptocurrency mining.
“Of the survey respondents who do not own or who have never owned cryptocurrency, almost 50% said they plan to invest in an aspect of cryptocurrency or crypto mining in 2018,” reported the MyBroadband tech news and research site on Friday.
About 25% of respondents to the MyBroadband survey they “will invest in cryptocurrency” while around “15% will invest in cryptocurrency and crypto mining.” A further 7% said they would invest in crypto mining
Canadian Trifecta Successfully Tests Blockchain Securities Settlements (Bitsonline), Rated: AAA
Securities transactions facilitated via the blockchain may be an ubiquitous norm in the not-so-distant future. That steady march toward the mainstream continues as the Bank of Canada, TMX Group, and financial security non-profit Payments Canada have just successfully tested a blockchain-backed securities settlement platform.