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Ford Touts Growth in North America, Downplays Losses in China & Europe in Q4 Earnings Call

P. H. Madore — Wed, 23 Jan 2019 18:49:41 -0500

By CCN.com: Ford gave its fourth-quarter earnings call this afternoon. Despite a serious decline in interest in China and Europe, the company posted a 1% improvement over last year’s Q4 revenues as a whole, and a 2% gain for the whole year. The earnings call was launched as the markets closed with F seeing a … Continued

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Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Tron, Bitcoin SV, Cardano: Price Analysis, Jan. 23

Cointelegraph By Rakesh Upadhyay — Wed, 23 Jan 2019 18:26:00 -0500

As countries like Japan and Georgia are moving towards more digitized economies, what do the charts say about the improving fundamental factors of crypto?

Samsung Galaxy S10 Bitcoin Wallet Leaked by Insider: Is it Official?

Joseph Young — Wed, 23 Jan 2019 18:04:01 -0500

By CCN.com: BGR, a U.S.-based technology publication, reported that a Samsung insider leaked images of the new Galaxy S10 model equipped with a native Bitcoin wallet. The Galaxy S10 has not yet been released to the public, but Samsung reportedly distributed the model to accessory makers and merchants. Galaxy S10 with a Crypto Wallet? According

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Crypto Custodian Backed By Andreessen Horowitz and PayPal Co-Founder Launches

Cointelegraph By Ana Berman — Wed, 23 Jan 2019 17:56:00 -0500

Crypto custodian launches its services for institutional investors following a $17 million funding round led by Andreessen Horowitz

Most US Investing Pros are Waiting on a Bitcoin ETF Before Buying Crypto

P. H. Madore — Wed, 23 Jan 2019 17:49:26 -0500

By CCN.com: Cboe BZX Exchange has officially withdrawn their Bitcoin Exchange Traded Fund application. Filed last June, the official withdrawal of the application came in on January 22. A letter published on the SEC’s website makes the news official. SEC deputy secretary Eduardo Aleman writes that the Cboe BZX Exchange rescinded its request for a … Continued

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Was the Netflix Price Hike a Mistake? Shares Fall as Hulu Slashes Rates

Kevin O'Brien — Wed, 23 Jan 2019 17:37:48 -0500

By CCN.com: Popular streaming service Netflix made headlines – and undoubtedly left some customers up in arms – after a round of price hikes that represented the company’s largest since its streaming service launch. Is Netflix’s Rate Hike Coming Back to Bite the Streaming Giant? As CCN reported, Netflix raised subscription fees by between 13-18%. The

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Bitcoin Cash Keeps Shining as Wider Crypto Market Turns Red

P. H. Madore — Wed, 23 Jan 2019 17:16:43 -0500

By CCN.com: Bitcoin Cash posted the most gains out of the top 10 cryptocurrencies. Ethereum lost nearly 2%, XRP and Bitcoin over 1%, and Bitcoin SV continues to threaten an exit from the top 10. Thus is the state of the crypto market on late Wednesday afternoon. Bitcoin Price Slips Toward $3,500 In yesterday’s market … Continued

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US Crypto Exchange Launches Spot Trading for Institutional Investors

Cointelegraph By Ana Berman — Wed, 23 Jan 2019 17:12:00 -0500

Seed CX, a Chicago-based crypto exchange, launches crypto spot trading for institutional investors shortly after introducing a digital wallet

US Government Shutdown Derailed Bitcoin ETF Talks, Says VanEck CEO

Nikhilesh De — Wed, 23 Jan 2019 16:45:44 -0500

The bitcoin ETF proposal was pulled due to the government shutdown, VanEck CEO Jan van Eck said Wednesday.

Lawmakers Pitch New Crypto Tax Payments Bill in New Hampshire

Nikhilesh De — Wed, 23 Jan 2019 16:21:38 -0500

A New Hampshire bill would require state agencies to accept cryptocurrency as payment for fees and taxes.

The Simple Reasons Why the Bitcoin Price Will Never Go to Zero

P. H. Madore — Wed, 23 Jan 2019 16:15:31 -0500

By CCN.com: This publication recently covered a talk at Davos in which Jeff Schumacher claims the Bitcoin price is on the way to zero. In this article, we discuss two simple reasons why this is an impossibility. As CCN’s Christina Comben writes: Schumacher is a top investor and relative veteran in the space. He told

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Cboe Pulls Its Proposal for SolidX/VanEck Bitcoin ETF

Colin Harper — Wed, 23 Jan 2019 15:53:50 -0500

The Chicago Board of Exchange (Cboe) is pulling the plug on the SolidX and VanEck bitcoin exchange traded fund (ETF) proposal, adding another twist to a regulatory saga that can’t seem to find an ending.

According to a January 23, 2019, statement from the U.S. Securities and Exchange Commission (SEC), the exchange operator sent the agency a petition to withdraw its application for a proposed rule change from the SEC’s consideration.

If accepted, the rule change would have given the Cboe clearance to list the world’s first bitcoin ETF, an investment product that software/financial services company SolidX and investment firm VanEck have been painstakingly building over the past few years.

Filed in June of 2018, the attempt was VanEck’s third, and its pending decision had been viewed as the industry’s best chance at securing the its first ETF after an extensive list of failed proposals, including a couple by Gemini’s Winklevoss brothers. The final decision for the ETFs approval had been delayed a few times, but reaching its limit for delays, the SEC was not expected to have made a conclusive decision until February 27, 2019 — nearly a month from now.

The statement did not give any reason for why the application was withdrawn. As America grapples with a more than month-long government shutdown, community chatter has speculated as to how it might affect the ETF approval process. A common misconception became that it would get automatically approved, a falsehood that has been disputed by Twitter’s crypto lawyer community.

Bitcoin Magazine reached out to a VanEck representative for comment but, at the time of publication, has not received a response.

This article originally appeared on Bitcoin Magazine.

Stock Market ‘Deflation’ Could Trigger Bear Market: Nobel Laureate Robert Shiller

Samantha Chang — Wed, 23 Jan 2019 15:36:40 -0500

By CCN.com: The US stock market could fall prey to deflation and tumble into a full-blown bear market in 2019. That’s what Yale University professor Robert Shiller, a Nobel Prize-winning economist, said at the 2019 World Economic Forum in Davos, Switzerland. Shiller says the Dow Jones has been recovering from its plunge in late-2018, but there’s

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CBOE Withdraws Rule Change Request to List Bitcoin Exchange-Traded Fund

Cointelegraph By Aaron Wood — Wed, 23 Jan 2019 15:20:00 -0500

CBOE’s BZX Equity Exchange has apparently withdrawn its request for a rule change that would allow it to list a Bitcoin exchange-traded fund

Newsflash: CBOE Withdraws Bitcoin ETF Application

Josiah Wilmoth — Wed, 23 Jan 2019 15:11:56 -0500

By CCN.com: The cryptocurrency investor community’s best hope for a bitcoin ETF has been dashed, or at the very least delayed, as CBOE has withdrawn its application to list the VanEck SolidX Bitcoin Trust on CBOE BZX Exchange. According to a document published by the Securities and Exchange Commission (SEC) on Wednesday, CBOE withdrew its … Continued

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Enterprise Blockchain Platform Records 10K Transactions per Second in Testnet Launch

Cointelegraph By Helen Partz — Wed, 23 Jan 2019 15:04:00 -0500

Enterprise blockchain platform Insolar has successfully launched its testnet, having recorded more than 10,000 transactions per second

Cboe Withdraws Proposal for VanEck-SolidX Bitcoin ETF

Nikhilesh De — Wed, 23 Jan 2019 14:57:03 -0500

Cboe has withdrawn its hoped-for bitcoin ETF proposal, which faced a final deadline of Feb. 27 for approval.

Cboe Exchange Withdraws Proposal for VanEck-SolidX Bitcoin ETF

Nikhilesh De — Wed, 23 Jan 2019 14:57:03 -0500

Cboe has withdrawn its hoped-for bitcoin ETF proposal, which faced a final deadline of Feb. 27 for approval.

Waves Cryptocurrency Rises 20% on Vostok Airdrop Details

Yashu Gola — Wed, 23 Jan 2019 14:53:06 -0500

By CCN.com: Waves, the native cryptocurrency token of a blockchain of the same name, led Wednesday’s crypto rally by pounding to gains of more than 20 percent. At 12:00 GMT, the cryptocurrency established an intraday peak at $3.10, up 25.5% from yesterday’s low at $2.47. Overbought, the pair corrected minorly during the late European session

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Subsisting on Soylent: Government Shutdown Reveals Ugly Truth about America’s Savings Crisis

David Hundeyin — Wed, 23 Jan 2019 14:20:24 -0500

By CCN.com: Four weeks into the longest U.S. government shutdown in history, a hidden fact of the American working and middle-class reality has been revealed, with the news that thousands of furloughed federal workers are unable to meet their basic needs after missing as little as one paycheck. The implication of the available demographic data

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ZB.Com User Accuses Crypto Exchange of Reporting Him to Police

Cointelegraph By Adrian Zmudzinski — Wed, 23 Jan 2019 14:16:00 -0500

The cryptocurrency exchange ZB(dot)com has been accused by one of its Chinese users of reporting him to the police

US Stock Market Still Not in All-Clear Mode: Tech Stocks Present Key Problems

Joseph Young — Wed, 23 Jan 2019 13:46:16 -0500

By CCN.com: The U.S. stock market has performed relatively well in comparison to other major regions including China and Japan, as seen in the strong performance of the Dow Jones throughout the past three weeks. However, analysts remain concerned about the upcoming earnings reports of technology conglomerates and leading corporations in struggling industries such as

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Top 10 Messenger App Telegram Plans Blockchain Platform Launch in March: Sources

Cointelegraph By Marie Huillet — Wed, 23 Jan 2019 13:34:00 -0500

Major global messaging app Telegram plans to release the mainnet and token for its blockchain platform TON as early as March, sources report

Crypto Could Take 10+ Years to Regain 2017 High, But Then Will Be Mature: Cardano Founder

Cointelegraph By Ana Berman — Wed, 23 Jan 2019 13:04:00 -0500

Cardano founder Charles Hoskinson believes crypto will be a mature ecosystem by the time the market regains all-time highs

Bitcoin Basher Jamie Dimon Says He’s Not Gloating over Crypto’s Plunge

Josiah Wilmoth — Wed, 23 Jan 2019 12:53:25 -0500

By CCN.com: JP Morgan CEO Jamie Dimon became the undisputed captain of the bitcoin-bashing brigade in 2017 when he said that the white-hot cryptocurrency was a “fraud” that would eventually crash to zero. Now that the cryptocurrency market bubble has popped, though, he said that he doesn’t want to gloat. Dimon Claims He ‘Doesn’t Take

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‘Decentralized Airbnb’ Starts Charging Fees as ICO Model Falters

Brady Dale — Wed, 23 Jan 2019 12:35:14 -0500

Airbnb competitor Bee Token, founded by alums of Uber, are pivoting in an effort to boost revenue after conducting an ICO last February.

Elections Canada Consults With Political Parties on Crypto Donations

Jessie Willms — Wed, 23 Jan 2019 12:28:53 -0500

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

Election season is just beginning in Canada. There are three federal by-elections called for February 25, 2019; these will fill vacant seats, including a seat for one of the party leaders. A full federal election will be called before October 21, 2019.

On the legality of accepting cryptocurrency donations, an Elections Canada (EC) official told Bitcoin Magazine that “the Canada Elections Act does not prohibit political entities from accepting cryptocurrency contributions. Political entities are therefore currently able to accept such contributions.”

Elections Canada is taking the initial position that bitcoin and other cryptocurrencies are non-monetary, in-kind contributions, i.e. property or a commodity, but not a currency, a similar position taken by the U.S. Federal Elections Commission (FEC) and the Canada Revenue Agency.

However, Elections Canada has left the question of whether to classify cryptocurrencies as monetary or non-monetary open for the parties to consider in the current consultation process.

Is Bitcoin Legal in Canada?

Chetan Phull, a Toronto lawyer, founder and principal of Smartblock Law Professional Corporation, has written about the seemingly murky area of the legality of using cryptocurrencies as money in Canada.

Phull told Bitcoin Magazine that the use of bitcoin and other cryptocurrencies as money (legal tender) is, strictly speaking, illegal under Canada’s Currency Act.

However, he acknowledges that “Canada may be opening up to treating crypto as a type of non-fiat money, despite the current statutory definition of money.”

He points out that, to date, “there has been no actual enforcement action against the use of crypto as ‘money’ in Canada — not even against the Calgary Digital Dollar, where enforcement would be supported by long-standing precedent of the Supreme Court of Canada. Nor has there been any significant government pursuit of taxes not charged on trades of crypto as a good.”

Although Elections Canada has agreed that cryptocurrencies are not money, its inquiry into crypto contributions further suggests that Canada’s general climate is warming toward the use of crypto as a type of non-fiat money.

“We’re not quite there yet given the present law on the books,” Phull stated, “but these are all the signals that Canada is opening up to crypto becoming a medium exchange in commerce. The appropriate crypto-friendly legislation will follow, starting with virtual currency regulations which are presently in draft.”

Phull also noted that the trend in the U.S. to bring cryptocurrencies into the mainstream, recently with a bipartisan bill before Congress for the Token Taxonomy Act, could carry some weight in Canada.

At the state level, Ohio now accepts payment of business taxes in crypto via ohiocrypto.com, three crypto-centric bills are presently in committee in New York, and a recent bill from Wyoming is attempting to clarify cryptocurrencies as money within the state.

“As more U.S. states permit the treatment of cryptocurrency as a medium of exchange, cryptocurrency in Canada will continue to move into the mainstream,” says Phull.

“Cryptocurrency will ultimately be legalized as a form of payment in Canada, one way or another. It’s just a matter of time.”

Carter Cameron-Huff, a Toronto CPA who also works as a volunteer chief financial officer for political riding associations, told Bitcoin Magazine that accepting another form of donation will require streamlined rules to meet the reporting requirements of both EC and the political party.

“The big challenge is that campaigns and riding associations need to be audited by a CPA; finding a CPA who is confident auditing things of a digital currency nature can be a challenge as they are typically risk averse.”

Political parties are responsible for ensuring that no single donor exceeds the annual limit and that complete identification is received with each donation.

Managing Cryptocurrencies as Political Donations

An official with Elections Canada told Bitcoin Magazine that their top priority is to ensure full transparency in any political donations over $20 CAD, as outlined in the Canada Elections Act.

This means that, to have a donation accepted, the political party must establish that the donor is a Canadian citizen and must confirm the identity of anyone who donates more than $20 worth of cryptocurrencies to a campaign.

Contributions of $20 CAD or less can be anonymous but EC cautions parties to “watch for unusual amounts or patterns in anonymous contributions they receive.”

In addition, each party would be required to keep a running tally of crypto donations (in equivalent fiat) to ensure that no single donor goes over the current annual donation limit of $2,700 CAD.

EC is recommending that the contribution amount is the commercial value of the cryptocurrency at the time that it was received, based on the rate on a major exchange platform.

Bitcoin Donations Not Treated Equally

Unlike a fiat contribution, donations in bitcoin and cryptocurrencies would not be eligible for a tax credit.

This is a problem for Cameron-Huff who sees this as a basic unfairness in the new EC proposal. He is planning to contribute his views as part of the Elections Canada consultations.

In the U.S., a 2014 FEC ruling that said political campaigns and organizations could accept bitcoin donations led BitPay to partner with CoinVox and a number of fundraising agencies to help process the donations.

Jared Polis, current Governor of Colorado, and Mick Mulvaney, current White House Chief of Staff, were among the first U.S. legislators to accept bitcoin campaign donations.

NOTE: Bitcoin Magazine reached out to the four federal political parties for comments on the Elections Canada decision. At press time, only the Green Party responded, saying that they do not accept cryptocurrency donations at present.

This article originally appeared on Bitcoin Magazine.

Bitcoin Bull John Mcafee Is Running for President While Running from the Law

Wes Messamore — Wed, 23 Jan 2019 12:25:19 -0500

By CCN.com: John McAfee announced Tuesday afternoon in a video tweet that he and his wife have been indicted by a grand jury in Tennessee on federal, felony charges related to what McAfee acknowledges in the video are eight years of delinquent U.S. federal income taxes to the IRS. The McAfee 2020 Campaign is, as … Continued

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BloqLabs Introduces Cryptocurrency Mining Management System

Jimmy Aki — Wed, 23 Jan 2019 12:20:24 -0500

BloqLabs has opened up the beta waitlist for Titan, a fully integrated software suite for managing cryptocurrency mining. The project was introduced by Bloq CEO and co-founder Jeff Garzik onstage during a brief speech at Binance Fair in Singapore in an overview discussion of BloqLabs.

Cryptocurrency mining can be profitable but optimizing and managing devices manually can be a pain-point for miners. From tweaking the power limit of the GPU to fixing the downtime problem at the moment it happens, these are just some of the difficulties crypto miners have to contend with when mining cryptocurrencies.

In an email correspondence with Bitcoin Magazine, principal blockchain engineer at Bloq and CEO of Titan, Ryan Condron, said Titan is the result of years of developing tools to manage their company's mining farms. Along with Titan's CTO, Kyle Howlett, the team believes they have found a way to help businesses maximize their ROI on mining.

"In the process of developing tools to manage our mining farms, we’ve gotten very good at fingerprinting various types of mining devices once they are plugged into a network,” said Condron. “Then, given our understanding of what makes these devices function optimally, we’ve written ways to interface with the device’s firmware. Pull all of that into a single interface, and you have a very powerful tool."

The Titan software is free to download, and it can be installed and set up immediately on a network of mining devices. Once configured, the developer said Titan would balance the entire mining variables needed to deliver maximum profitability to the miner.

"This means adjusting for mining difficulty, coin prices, electricity costs, and so on. And, yes, it learns as it goes," Condron explained.

Coupled with machine learning capabilities, Condron claims Titan can increase or decrease the hash power of mining farms by double digits, if configured correctly.

One way is by overclocking the GPU, where the internal clock rate is increased so that the chip can run faster. According to Condron, Titan can also leverage other factors like "maximizing uptime across the entire mining farm, temperature (internal and external) optimization, and smart electricity throttling" to optimize the mining devices.

The crypto market downturn has dragged with it some heavyweights of the crypto mining sector. One such example is China-based mining giant Bitmain, who has whittled down its activities across the world, shutting down several of its overseas offices and restructuring its operations. This unsettled mining environment could pose a conundrum for Titan, whose product is coming at a time when the mining morale is low. Condron, however, sees an opportunity.

"Titan has a powerful value proposition for miners who have scaled down their operations during the market downturn. Titan will help them ensure they are mining the most profitable coin, as well as maximize the useful life of their capital equipment and manage both fixed (e.g., headcount) and variable (e.g., electricity) operational costs," he explained.

Titan's beta version is targeted at a specific market of miners — medium– to large-scale miners who still rely on a manual process to manage the performance of their mining equipment.

The current software can work with devices that mine bitcoin, litecoin, ether, zcash, dash and monero. Additional crypto tokens should be rolled out before the beta release. The Titan software suite of products will be free to use, but Titan will receive a percentage of the proceeds derived from Titan-optimized hashrates.

This article originally appeared on Bitcoin Magazine.

Bitfury Rolls Out Lightning Peach, Its Own Suite of Lightning Tools

Colin Harper — Wed, 23 Jan 2019 12:02:03 -0500

Bitfury’s new suite of Lightning products has been released to the public.

Lightning Peach, the title of the product bundle, was developed by Bitfury’s Lightning Network team of the same name. It includes a wallet, an e-commerce plug-in, a hardware component for a point-of-sale (PoS) terminal, a Lightning node for the new ecosystem and developer tools.

For starters, the open-source, cross-platform Peach wallet has all the bells and whistles of your usual Lightning wallet, “including: custom channel opening; the ability to send and receive on-chain and LN payments; and merchant discovery,” Pavel Prikhodko, head of Lightning Peach, told Bitcoin Magazine. Users can establish custom channels with a Lightning public address and the host IP of a peer, and the wallet also comes with a self-curated address book and an option to send recurring/subscription payments.

“We continue to investigate ways to streamline the user experience, and we soon plan to present an updated wallet that makes it even more simple for people to use,” Prikhodko continued.

Users can connect to Peach Node, Bitfury’s Lightning Network node, with their own nodes or wallets to create payment channels in the Peach ecosystem. Connected to this node, any user will be able to send payments to any other user on the network regardless if they already have an existing channel, while you can still send invoices for payments to wallets that aren’t connected to the node as well.

The suite’s two merchant components, Peach Commerce and Peach Terminal, are complementary tools built for e-commerce and PoS transactions.

Commerce can be integrated both as a PoS plug-in for merchants and as an API for payment processors to include in their backend. Asking Prikhodko what made the solution so “seamless,” as stated in the press release, he told me that it will automate the Lightning payments process to simplify it for the less technically inclined.

“The solution automatically handles channel capacity, connection with hubs and payment routing, and it integrates easily into existing e-commerce solutions, so the merchant doesn’t have to worry or even be aware of these things.”

Out the gate, the plugin will work with Prestashop, with WooCommerce and Magento soon to follow.

Terminal, Prikhodko said, was built with “broader wallet cross-compatibility in mind.” The hardware component can be integrated into the PoS systems for storefronts and even vending machines, and it supports connections through Wi-Fi, Bluetooth, mini HDMI and USB OTG ports.

After being asked what kind of flexibility the multiple avenues of connection would give the hardware, especially with Bluetooth, Prikhodko answered:

“A community-wide discussion is yet to happen around the best way forward to standardize the use of NFC and Bluetooth in the context of Lightning. However, Peach Terminal is using the standard Invoice Protocol as defined in the BOLT-11 specification. It’s our hope that more bitcoin wallet developers will follow our lead and enable NFC and Bluetooth Lightning payments in the nearest future.”

Bitfury’s Peach suite follows a year of rapid expansion and development for the Lightning Network. As the network’s bitcoin capacity and users grow by the day, developers from various labs and incubators continue to make headway on new applications, products and tools for its users. Prikhodko believes that merchants want to use a payment solution like Lightning for their business, if they have an easier way to do it, that is.

“Merchants want a new payment method if it provides fast and easy transactions that drive new customers. Lightning makes it easier for merchants to accept bitcoin by enabling instant payments and minimal transaction fees. The scalability that the Lightning Network enables is essential if we want more merchants to begin accepting bitcoin payments. The currently missing piece in the ecosystem is a merchant solution that hides all the operational complexity of the network behind a clean, user-friendly, and reliable merchant product that enables a new payment method and drives new business at no extra financial or behavioral cost.”

This article originally appeared on Bitcoin Magazine.

Blockchain Startup to Boost Patient Safety and Prevent Overprescribing

Cointelegraph By Connor Blenkinsop — Wed, 23 Jan 2019 12:00:00 -0500

A blockchain platform is planning to clamp down on counterfeit drugs and ensure patients are unable to order identical prescriptions from multiple pharmacies. #SPONSORED

Dow Rebounds 115 Points on Bullish Earnings from IBM & Comcast

Sam Bourgi — Wed, 23 Jan 2019 11:49:29 -0500

By CCN.com: U.S. stocks traded mixed on Wednesday, as positive earnings surprises propelled the Dow Jones Industrial Average at the expense of its sister indexes, which turned lower late morning. US Stock Market Gives up Gains All of Wall Street’s major indexes booked solid gains in the morning, with the Dow Jones Industrial Average rising

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Dow Suddenly Swings Lower as Global Growth and Trade Risks Weighs

Sam Bourgi — Wed, 23 Jan 2019 11:49:29 -0500

By CCN.com: U.S. stocks swung lower on Wednesday, reversing a strong start to the day as concerns over trade and global economic growth offset solid corporate earnings. U.S. Stock Market Gives up Gains All of Wall Street’s major indexes fell by late morning, with the Dow Jones Industrial Average giving up triple-digit gains. The blue-chip index … Continued

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Dow Suddenly Swings Lower as Global Growth and Trade Risks Weigh

Sam Bourgi — Wed, 23 Jan 2019 11:49:29 -0500

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Smart Contracts Don’t Necessarily Disrupt Traditional Contract Law, Expert Argues

Cointelegraph By Marie Huillet — Wed, 23 Jan 2019 11:43:00 -0500

Smart contracts fall subject to international law, a professor of Private International Law at the Friedrich Schiller University in Germany has argued

Bitfury Launches Set of Tools to Drive Lightning Network Adoption

Cointelegraph By Marie Huillet — Wed, 23 Jan 2019 11:31:00 -0500

Blockchain tech firm Bitfury Group has released a series of new Lightning Network-related tools for merchants, consumers and developers

South Korea’s Largest Bitcoin Exchange May Go Public on US Stock Market, Will Anyone Care?

Josiah Wilmoth — Wed, 23 Jan 2019 11:22:01 -0500

By CCN.com: US investors may soon be able to invest in one of the world’s largest bitcoin exchanges following its listing on the over-the-counter (OTC) US stock market. No, Silicon Valley darling and cryptocurrency unicorn Coinbase hasn’t decided to go public, but Bithumb — the largest bitcoin exchange in South Korea and one of the

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Ripple and Major Beijing University Launch Blockchain Research Scholarship

Cointelegraph By Helen Partz — Wed, 23 Jan 2019 11:01:00 -0500

A major research university in Beijing has partnered with Ripple to launch a blockchain research scholarship

A16z-backed Startup Anchor Labs Launches Crypto Custodial Service

Nikhilesh De — Wed, 23 Jan 2019 11:00:03 -0500

Anchor Labs claims its new custodial service for institutions is more secure than cold storage yet offers easier access to assets.

PayPal CEO Shades Bitcoin: ‘We’re Not Seeing Many Retailers Accept Cryptocurrencies’

Samantha Chang — Wed, 23 Jan 2019 10:40:12 -0500

By CCN.com: PayPal CEO Dan Schulman expressed skepticism about mass merchant adoption of bitcoin, noting that there are very few retailers that currently accept crypto. Schulman made the remarks Wednesday (Jan. 23) at the 2019 World Economic Forum in Davos, Switzerland. “We’re not seeing many retailers at all accept any of the cryptocurrencies,” Schulman told

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Bitcoin Wallet Xapo Leaves Hong Kong for Switzerland Due to ‘Opaque’ Regulations

Cointelegraph By Helen Partz — Wed, 23 Jan 2019 10:36:00 -0500

Bitcoin wallet Xapo is relocating its main business from Hong Kong to Switzerland, seeking a better regulatory environment

UK Financial Watchdog Plans Oversight of Security Tokens, Some Stablecoins

Yogita Khatri — Wed, 23 Jan 2019 10:30:53 -0500

The U.K.’s Financial Conduct Authority has proposed guidance for how various crypto assets should be regulated in the country.

Newsflash: Tesla Shares Nosedive After Major Analyst’s Consensus Turns to ‘Sell’

Melanie Kramer — Wed, 23 Jan 2019 10:02:04 -0500

By CCN.com: Elon Musk and Tesla’s poor start to 2019 looks like it’s set to get worse. After news of a $1 billion debt balance and cost-cutting layoffs, analysts are adding to Tesla’s trauma. Tesla shares ended yesterday 1.11% down. Premarket moves showed a further fall for Tesla of over 2% as RBC downgrades the stock

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Nasdaq Leads $20 Million Funding Round for Blockchain Startup Symbiont

Ian Allison — Wed, 23 Jan 2019 10:00:32 -0500

Enterprise blockchain startup Symbiont has closed a $20 million Series-B funding round led by Nasdaq Ventures.

Trump Faces Speedbump in China Trade Deal: Will This End the Dow Jones Recovery?

Joseph Young — Wed, 23 Jan 2019 09:44:06 -0500

By CCN.com: On January 23, the Trump administration reportedly rejected the offer from China to send two vice-ministers to the US to continue the trade talks. The Dow Jones, which has been on a decline since January 18, may face a major trend reversal. Following a steep decline from 25,826 points to 21,792 points in

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Newsflash: Bitcoin Cash (BCH) Spikes 7.5% to 7-Day High but Concerns Remain

Yashu Gola — Wed, 23 Jan 2019 09:25:12 -0500

By CCN.com: Bitcoin Cash ABC opened Wednesday in positive territory, rising more than 7.5% against the US Dollar on a 24-hour adjusted timeframe. At 1130 GMT, the BCH/USD pair was trading at $129.83 according to aggregated data provided by CoinGecko.com. The total market cap, at the same time, was close to $2.282 billion, Bitcoin Cash’s … Continued

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UK Financial Regulator Releases Consultation Paper on Crypto

Cointelegraph By Adrian Zmudzinski — Wed, 23 Jan 2019 09:20:00 -0500

The Financial Conduct Authority, the U.K.’s financial regulator, has released a consultation paper on cryptocurrency

Dow Futures, Bitcoin Price Recover as Markets Claw Back Early-Week Losses

Josiah Wilmoth — Wed, 23 Jan 2019 08:44:50 -0500

By CCN.com: The US stock market appears to be having second thoughts about yesterday’s colossal sell-off, as Dow Jones futures are implying triple-digit gains at the opening bell. The cryptocurrency market is also trending up, with some analysts arguing that the bitcoin price has found a bottom. Dow Futures Rise as Much as 200 Points

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Bitcoin Price Will Tank to ‘Zero’, Claims Investment Firm Chief at Davos

Christina Comben — Wed, 23 Jan 2019 08:37:08 -0500

By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told

The post Bitcoin Price Will Tank to ‘Zero’, Claims Investment Firm Chief at Davos appeared first on CCN

Ripple Partners With Chinese University for Blockchain Research Program

Yogita Khatri — Wed, 23 Jan 2019 08:30:43 -0500

Ripple has teamed up with a top Chinese university for a research program focused on blockchain regulation and development.