The Tron Foundation entered the cryptocurrency market only in 2018, fairly late when compared to other cryptocurrencies. However, this hasn’t posed as a hindrance to the Tron Foundation’s growth as there seems to be no stopping to the Foundation’s accomplishments. Several people have speculated that Tron’s Founder and CEO, Justin Sun, and his marketing skills,...Read More
Vitalik Buterin was in the news after speaking to the newspaper, ‘Toronto Star’, and stating that “Scalability is a big bottleneck because the Ethereum blockchain is almost full.” High transaction fees are obstructing widespread adoption, he said. His words were, “If you’re a bigger organization, the calculus is that if we join, it will not...Read More
Sichuan province in China is well known for being a mining hub, thanks to the abundance of clean hydroelectricity available in the region at dirt cheap prices. However, the availability of cheap clean energy has also made the province a growing hub for illegal mining activities. Sichuan province was recently hit by flash floods which...Read More
Last week Lamborghini announced the all new Aventador SVJ 63 Roadster, a new addition to the Lambo family which has many fans excited. With a 0-60 time of under 3 seconds, the SVJ 63 is a beast from another planet, let’s take a deeper look at this vehicle and the tech under the hood. We...Read More
The US Treasury is blacklisting specific bitcoin addresses related to Chinese druglords. | Source: Shutterstock By CCN Markets: The U.S. Treasury Department blackballed the bitcoin addresses of Chinese drug kingpins operating international drug-trafficking rings. It’s part of a move to curb the opioid epidemic ravaging the United States. The Treasury’s Office of Foreign Assets Control...Read More
Ukraine’s top law-enforcement and counterintelligence agency uncovered crypto mining equipment on site at a nuclear power plant. According to local media reports, the Security Service of Ukraine (SBU) confiscated six Radeon RX 470 GPU video cards, a motherboard, power supplies and extension cords, a USB and hard drive, and cooling units installed in the South...Read More
The merchant payments startup Flexa will soon allow any other app to run payments in crypto just like its own SPEDN app has since May. Staking with the company’s Flexacoin (FXC) will enable apps to trustlessly provide payments to merchants without any danger of malicious apps reversing a transaction after Flexa has transferred funds. The...Read More
Cryptocurrency exchange Gemini announced Wednesday that it is officially opening its doors to customers in Australia. The exchange’s fifth international move, the development means that Australian users can buy and sell five cryptocurrencies on Gemini including bitcoin, bitcoin cash, ethereum, litecoin, and zcash. The startup, founded by investors Tyler and Cameron Winklevoss, is also making...Read More
Travelport, a business and consumer travel services provider, announced it is using IBM’s Hyperledger Fabric to guarantee commissions paid to travel agencies. According to a statement released on August 20, the blockchain was designed with input from IBM, travel management company BCD Travel, and three unnamed hotel chains. The system aims to “put the lifecycle of...Read More
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned three Chinese nationals and their cryptocurrency addresses, alleging they violated money laundering and drug smuggling laws. OFAC named Xiaobing Yan, Fujing Zheng and Guanghua Zheng as narcotics traffickers under the Foreign Narcotics Kingpin Designation Act, freezing any property they own within the U.S. and listing...Read More
Tether is planning to issue a stablecoin pegged to the Chinese renminbi, according to a trader with ties to the company. Zhao Dong, an over-the-counter (OTC) trader in China and a shareholder of crypto exchange Bitfinex – which shares managers and owners with Tether – revealed the move on WeChat on Wednesday, saying Tether plans call...Read More
Food delivery is about to get a little sweeter for the users of the bitcoin rewards platform Lolli. The startup announced Wednesday that is has partnered with delivery service Postmates, making the popular app the latest partner for Lolli’s rewards program. One of the most popular food services, Postmates mobile app saw 2,094,920 downloads in the last...Read More
Woori Financial Group, one of South Korea’s largest banking companies, has agreed to work with Ground X in developing blockchain financial services. Group Chairman Chairman Son Tae-seung made the announcement on the 21st at the company’s headquarters in central Seoul, some reports said. Further detail appeared in Shin-A Ilbo, CoinDesk Korea, and other publications. Under the agreement,...Read More
Recently Bolt, which was previously known as Taxify, based in Estonia, announced that they are launching a food delivery service, starting with Estonia. Bolt, which is an Estonia-based ride-hailing service, previously known as Taxify, has just launched its new food delivery service in Estonia. They are launching it natively, for now, but afterward they plan...Read More
At the wake of an increased patronage for stablecoins, Tether adds yet another stablecoin to its repository, unveiling that this new ‘CNHT’ stablecoin would be tied to the offshore Chinese Yuan. Tether – the foremost yet controversial distributor of stablecoins recently announced the launch of a new stablecoin. This new cryptocurrency tagged ‘CNHT’ is pegged...Read More
Kraken, a San Fransisco-based cryptocurrency exchange, has been operating since 2013, making headlines consistently for its donations, funding, and issues with its site and API. OTC Head at Kraken, Nelson Minier, recently shared his journey into the cryptoverse, while also discussing the many developments in the Kraken ecosystem, in a recent podcast. Minier stated that...Read More
Bitcoin has destroyed the altcoin market in 2019, but one contrarian crypto trader believes BTC is about to suffer a reckoning. | Source: Shutterstock By CCN Markets: It’s easy to miss just how badly bitcoin has clobbered altcoins since the crypto market’s latest bull run began. From Ethereum all the way down to Stratis, almost...Read More
The range-bound bitcoin price could jump higher if Anthony Pompliano’s prediction turns out to be true in the long run. | Source: Shutterstock By CCN Markets: The bitcoin price has been going sideways for nearly two months now, but crypto bulls believe that rising institutional interest could lead to a breakout. Bitcoin price has been...Read More
Blockchain proves once again that it is a must-have technology for financial institutions at all levels. Last week, the World Bank raised an additional AUD 50 million ($33.8 million) through its blockchain-based Kangaroo bond, called bond-i. Bond-i Sale Co-Managed by CBA, RBC, and TD The bond tap, i.e. the reopening of the bond initially issued...Read More
Bitcoin is best known as a currency, but that’s not its only use. As the oldest and most-secure blockchain, the Bitcoin ledger has many applications that aren’t directly related to finance or payments. In fact, anyone is free to use Bitcoin for their project, provided they pay for the space they use. But these complex...Read More
Financial Crimes Enforcement Network (FinCEN) and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued an advisory to alert financial institutions to drug trafficking-related financial schemes. The U.S. Department of Treasury released a detailed post that highlighted, “Information in the advisory will assist them (FinCEN) in detecting and reporting related criminal...Read More
The G7 is meeting next week to explore the regulations around Bitcoin and other cryptocurrencies. Unsurprisingly, Anthony Pompliano is not worried. G7 to Discuss Bitcoin Next week, the G7 is scheduled and this time the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States will set aside some time to...Read More
Here’s a riddle for you: what does Monero’s Fluffypony have in common with former Capital One Vice President Alan Silbert, as well as Charlie Lee? Besides an oversized presence on crypto Twitter, all three are listed on the paperwork for crypto’s latest three-letter fad: an IPO. Crypto trading platform INX has applied to the U.S....Read More
Chonic crypto critic Peter Schiff promised that the Bitcoin price would never, ever hit $50,000. One trader told us he is dead wrong. | Source: Cambridge House International Inc./YouTube (i), Shutterstock (ii). Image Edited by CCN. By CCN Markets: The Bitcoin price has defied his bearish portents before, but goldbug and chronic crypto critic Peter...Read More
Opening a fresh long position in Monero at current levels may not be a wise decision for non-experienced traders. | Source: Shutterstock By CCN Markets: Monero has been trapped in range accumulation for over a year now. Since August 2018, the cryptocurrency has been range trading in a wide range between $40 and $120 with a...Read More
Even with the ongoing fluctuation in the price of Bitcoin [BTC], a lot of investors are looking forward to investing in the king coin due to the growth in its market cap over the past few months. With coin movements growing more significant by the day, more and more traders are now getting into the...Read More
Bitcoin has several big dates in the next couple of months which should be of interest to anyone with a stake in the network. Depending on how these pan out, we could well see renewed confidence and uptake, as well as another bull run. So what are we waiting for? 23 September – Bakkt Bitcoin...Read More
Ever since Facebook announced its plans to launch its own cryptocurrency, the world’s regulatory and financial space hasn’t been the same. However, the news cycle about Libra was soon overtaken by lawmakers and regulatory bodies voicing their grave concerns about the same, while also highlighting Facebook’s own problematic history. What is missing however from the...Read More
Since January, Charlie Lee has been teasing at plans to introduce confidential transactions to Litecoin. However, the announcement was followed by a long stretch of radio silence, and followers were left wondering if they would ever see the promised privacy features. Hope was restored on Tuesday, when Lee announced that a new developer has joined...Read More
Cryptocurrency markets are bleak leading into Wednesday, August 21. Bitcoin has reversed all of its hard-fought gains since the start of the week, falling back below the $10,000 mark. Cryptocurrency Market Situation. Source: Coin360 The overall market is also seeing strong losses, most notably ETH, which has fallen back to its weekend price. The heaviest...Read More
