Ethereum Co-Founder Invested in Bitcoin at $1 in 2011, What’s Changed?
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CryptoCoins News, 1/1/0001 12:00 AM PST Charles Hoskinson, the co-founder of Ethereum and Cardano, entered the cryptocurrency sector when Bitcoin was valued at just over $1. Since then, the infrastructure supporting the market and blockchain systems has changed drastically, at an exponential rate. In an interview with Mpho Dagada, Hoskinson, the CEO of IOHK, a technology company that leads the development The post Ethereum Co-Founder Invested in Bitcoin at $1 in 2011, What’s Changed? appeared first on CCN |
This Dormant $720 Million Bitcoin Wallet Has Woken Up – But Who Owns It?
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CryptoCoins News, 1/1/0001 12:00 AM PST Once again in the world of cryptocurrency, we have a mystery on our hands. A $720 million sleeping giant has woken up after four years, with $100 million moved to Bitfinex and Binance over the course of ten days at the end of August. The bitcoin wallet contains 111,114 BTC or 0.52% of the total supply. The sudden The post This Dormant $720 Million Bitcoin Wallet Has Woken Up – But Who Owns It? appeared first on CCN |
Bitcoin Magazine’s Week in Review: Making Strides Across Industries
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin. Also in regulation, a New York judge issued a ruling this week that, if held up by a jury in court, could set a legal precedent for ICOs as securities; in other courtroom drama, the space’s longest running suit — between two of its biggest players — draws to an undisclosed close. All the while, institutional-grade products and services continute to come to light. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. Ethereum’s Progress: Constantinople and GeminiUSDDevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople Following November 2018’s DevCon 4 in Prague, Czech Republic, Ethereum will be due for an upgrade. Constantinople, as the hard fork is called, will implement five Ethereum Improvement Proposals (EIPs), introducing such changes as a a revamped gas scheme for transactions and reduced block rewards. To the common user, these EIPs are unlikely to cause too many noticeable changes, but they will give developers more creative and technical leeway when building DApps on Ethereum’s Virtual Machine. Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain Winklevoss-owned Gemini exchanged launched a stablecoin this week built on Ethereum’s ERC-20 standard. Endogenous to the exchange, which is fully regulated under New York’s Bit Liscense, GeminiUSD (GUSD) was dropped without prior disclosure or media priming. The same day, settlement platform Paxos released its own stablecoin, the Paxos Standard (PAX). A Way in for InstitutionsMorgan Stanley Eyes Bitcoin Swap Contracts Tied to Futures Prices Morgan Stanley is reportedly working toward a way into the the cryptocurremcy market. The legacy financial institution has been developing a institutional-grade bitcoin derivative that is tied to futures prices, a source close to the matter told Bloomberg this week. While the product is ready to go to market, Morgan Stanley is waiting to launch it until investor demand increases. BitGo Gets Approval From State Regulators to Launch Custody Service Cryptocurrency company BitGo announced a service this week that could ease instituional access to the crypto market, upon receiving approval from regulators in Montana to operate cryptocurrency custodial services. The custody, which must endure a waiting period before it goes live, will leverage BitGo’s wallet service to manage funds for institutional investors. From the CourtroomFederal Judge Applies Long-Established Securities Laws to ICOs A N.Y. State judge issued a ruling this week that, if upheld in court, could set a defining precedent for ICO regulation going forward. In his decision, the judge found that two ICOs were security offerings, arguing that the founder’s simply calling them currencies didn’t free them of this classification. Ripple and R3 Reach Settlement in Year Long Court Case Ripple and R3 have finally settled their year-long legal battle. The blockchain companies brokered a settlement after R3’s original suit and Ripple’s countersuit saw the two cycle through three courts in three states. The terms of the settlement are being kept under wraps. This article originally appeared on Bitcoin Magazine. |
Bitcoin Magazine’s Week in Review: Making Strides Across Industries
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin. Also in regulation, a New York judge issued a ruling this week that, if held up by a jury in court, could set a legal precedent for ICOs as securities; in other courtroom drama, the space’s longest running suit — between two of its biggest players — draws to an undisclosed close. All the while, institutional-grade products and services continute to come to light. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. Ethereum’s Progress: Constantinople and GeminiUSDDevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople Following November 2018’s DevCon 4 in Prague, Czech Republic, Ethereum will be due for an upgrade. Constantinople, as the hard fork is called, will implement five Ethereum Improvement Proposals (EIPs), introducing such changes as a a revamped gas scheme for transactions and reduced block rewards. To the common user, these EIPs are unlikely to cause too many noticeable changes, but they will give developers more creative and technical leeway when building DApps on Ethereum’s Virtual Machine. Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain Winklevoss-owned Gemini exchanged launched a stablecoin this week built on Ethereum’s ERC-20 standard. Endogenous to the exchange, which is fully regulated under New York’s Bit Liscense, GeminiUSD (GUSD) was dropped without prior disclosure or media priming. The same day, settlement platform Paxos released its own stablecoin, the Paxos Standard (PAX). A Way in for InstitutionsMorgan Stanley Eyes Bitcoin Swap Contracts Tied to Futures Prices Morgan Stanley is reportedly working toward a way into the the cryptocurremcy market. The legacy financial institution has been developing a institutional-grade bitcoin derivative that is tied to futures prices, a source close to the matter told Bloomberg this week. While the product is ready to go to market, Morgan Stanley is waiting to launch it until investor demand increases. BitGo Gets Approval From State Regulators to Launch Custody Service Cryptocurrency company BitGo announced a service this week that could ease instituional access to the crypto market, upon receiving approval from regulators in Montana to operate cryptocurrency custodial services. The custody, which must endure a waiting period before it goes live, will leverage BitGo’s wallet service to manage funds for institutional investors. From the CourtroomFederal Judge Applies Long-Established Securities Laws to ICOs A N.Y. State judge issued a ruling this week that, if upheld in court, could set a defining precedent for ICO regulation going forward. In his decision, the judge found that two ICOs were security offerings, arguing that the founder’s simply calling them currencies didn’t free them of this classification. Ripple and R3 Reach Settlement in Year Long Court Case Ripple and R3 have finally settled their year-long legal battle. The blockchain companies brokered a settlement after R3’s original suit and Ripple’s countersuit saw the two cycle through three courts in three states. The terms of the settlement are being kept under wraps. This article originally appeared on Bitcoin Magazine. |
Bitcoin Magazine’s Week in Review: Making Strides Across Industries
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Bitcoin Magazine, 1/1/0001 12:00 AM PST Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin. Also in regulation, a New York judge issued a ruling this week that, if held up by a jury in court, could set a legal precedent for ICOs as securities; in other courtroom drama, the space’s longest running suit — between two of its biggest players — draws to an undisclosed close. All the while, institutional-grade products and services continute to come to light. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. Ethereum’s Progress: Constantinople and GeminiUSDDevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople Following November 2018’s DevCon 4 in Prague, Czech Republic, Ethereum will be due for an upgrade. Constantinople, as the hard fork is called, will implement five Ethereum Improvement Proposals (EIPs), introducing such changes as a a revamped gas scheme for transactions and reduced block rewards. To the common user, these EIPs are unlikely to cause too many noticeable changes, but they will give developers more creative and technical leeway when building DApps on Ethereum’s Virtual Machine. Gemini and Paxos Both Launch Stablecoins on Ethereum Blockchain Winklevoss-owned Gemini exchanged launched a stablecoin this week built on Ethereum’s ERC-20 standard. Endogenous to the exchange, which is fully regulated under New York’s Bit Liscense, GeminiUSD (GUSD) was dropped without prior disclosure or media priming. The same day, settlement platform Paxos released its own stablecoin, the Paxos Standard (PAX). A Way in for InstitutionsMorgan Stanley Eyes Bitcoin Swap Contracts Tied to Futures Prices Morgan Stanley is reportedly working toward a way into the the cryptocurremcy market. The legacy financial institution has been developing a institutional-grade bitcoin derivative that is tied to futures prices, a source close to the matter told Bloomberg this week. While the product is ready to go to market, Morgan Stanley is waiting to launch it until investor demand increases. BitGo Gets Approval From State Regulators to Launch Custody Service Cryptocurrency company BitGo announced a service this week that could ease instituional access to the crypto market, upon receiving approval from regulators in Montana to operate cryptocurrency custodial services. The custody, which must endure a waiting period before it goes live, will leverage BitGo’s wallet service to manage funds for institutional investors. From the CourtroomFederal Judge Applies Long-Established Securities Laws to ICOs A N.Y. State judge issued a ruling this week that, if upheld in court, could set a defining precedent for ICO regulation going forward. In his decision, the judge found that two ICOs were security offerings, arguing that the founder’s simply calling them currencies didn’t free them of this classification. Ripple and R3 Reach Settlement in Year Long Court Case Ripple and R3 have finally settled their year-long legal battle. The blockchain companies brokered a settlement after R3’s original suit and Ripple’s countersuit saw the two cycle through three courts in three states. The terms of the settlement are being kept under wraps. This article originally appeared on Bitcoin Magazine. |
Bitcoin Opinion: The Lessons Of A Bearish Market
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CryptoCoins News, 1/1/0001 12:00 AM PST With my last couple of articles, I’ve taken the discussion away from price and volume, as I wanted to focus on the underlying bitcoin infrastructure and governance model, as well as on the technology developments that will push adoption. I believe it was worth it, as we really need to understand how this new distributed infrastructure and The post Bitcoin Opinion: The Lessons Of A Bearish Market appeared first on CCN |
Dropping Bitcoin Volumes Brings Minor Market Retreat, Where Next?
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CryptoCoins News, 1/1/0001 12:00 AM PST The valuation of the crypto market has dropped from $205 billion to $199 billion, as Bitcoin dropped below the $6,500 mark once again. In the past three hours, the crypto market has rebounded by $2 billion to $201.5 billion, demonstrating some resilience in the $200 billion region. ETH, the native cryptocurrency of the Ethereum blockchain The post Dropping Bitcoin Volumes Brings Minor Market Retreat, Where Next? appeared first on CCN |
The 21-day bitcoin challenge
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TechCrunch, 1/1/0001 12:00 AM PST There is a documentary series currently airing on iQiyi, China’s Netflix equivalent, about a Chinese bitcoin enthusiast who attempts to survive 21 days by merely living on 0.21 bitcoin, or $1,300, without any help or donations. He You Bing is traveling and carrying nothing with her, and she has to retrieve food, housing, and basic […] |
India’s Biggest Startup Incubator CEO [Falsely] Says Bitcoin Failed Due to $20 Fees
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CryptoCoins News, 1/1/0001 12:00 AM PST According to Jay Krishnan, the CEO of T-Hub, India’s largest startup incubator & venture advisor to SRI Capital, Bitcoin has failed due to $20 transaction fees. Except that since December, for over nine months, the median transaction fee of Bitcoin has remained below $0.2. In December 2017, the demand for Bitcoin and other major cryptocurrencies The post India’s Biggest Startup Incubator CEO [Falsely] Says Bitcoin Failed Due to $20 Fees appeared first on CCN |
Sharding, True USD Launches and More Custody Players: This Week in Crypto
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CryptoCoins News, 1/1/0001 12:00 AM PST Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Price Watch: Bitcoin is up 5.46% this week to $6,500 after a somewhat tumultuous week. On Monday, we reported that despite Bitcoin’s The post Sharding, True USD Launches and More Custody Players: This Week in Crypto appeared first on CCN |