Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit

In the most recent development in a case brought to court by the Winklevoss twins, a judge has ruled to end a freeze on the defendant’s assets.

Judge Jed Rakoff has ruled to end the freeze on Charlie Shrem’s assets in a lawsuit brought against him by the Winklevoss brothers, Bloomberg reports Nov. 8.

In a case unsealed in the U.S. District Court for the Southern District of New York earlier this month, the Winklevoss twins allege that Shrem took part of their $250,000 investment in his exchange BitInstant to buy 5,000 bitcoins (BTC).

The Winklevosses argue that Shrem used the Bitcoin he acquired with their money to furnish a lavish lifestyle after having served a year in prison for helping users of the now-defunct Silk Road marketplace make illegal purchases.

“Either Shrem has been incredibly lucky and successful since leaving prison, or — more likely — he ‘acquired’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of the 5,000 Bitcoin he stole,” the New York Times quotes the lawsuit as claiming.

Shrem purportedly argues that he never owned the bitcoins, and that they are the property of an unnamed industry member.

According to Bloomberg, the Winklevoss’ lawyer Tyler Meade argued that the freeze on Shrem’s assets should continue, claiming that he possessed $12 million dollars in cryptocurrencies, real estate holdings, and other assets.

While Meade reportedly said that the brothers’ lawyers have sought information on Shrem’s holdings from over 30 institutions, they have only identified a paltry $10 in assets at this time. Per the report, the parties agreed that Shrem could spend up to $50,000 on monthly expenses.

Shrem’s lawyer, Brian Klein, said that the allegations that Shrem used ill-gotten Bitcoin to purchase cars and houses had “no basis in fact or law.” Bloomberg quotes Klein as saying that the recent ruling on Shrem’s assets is a first step toward his client’s “complete vindication.” A trial has reportedly been scheduled for June 17, 2019.

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Author: Aaron Wood

Judge Ends Freeze on Charlie Shrem’s Assets in Winklevoss Lawsuit

In the most recent development in a case brought to court by the Winklevoss twins, a judge has ruled to end a freeze on the defendant’s assets.

Judge Jed Rakoff has ruled to end the freeze on Charlie Shrem’s assets in a lawsuit brought against him by the Winklevoss brothers, Bloomberg reports Nov. 8.

In a case unsealed in the U.S. District Court for the Southern District of New York earlier this month, the Winklevoss twins allege that Shrem took part of their $250,000 investment in his exchange BitInstant to buy 5,000 bitcoins (BTC).

The Winklevosses argue that Shrem used the Bitcoin he acquired with their money to furnish a lavish lifestyle after having served a year in prison for helping users of the now-defunct Silk Road marketplace make illegal purchases.

“Either Shrem has been incredibly lucky and successful since leaving prison, or — more likely — he ‘acquired’ his six properties, two Maseratis, two powerboats and other holdings with the appreciated value of the 5,000 Bitcoin he stole,” the New York Times quotes the lawsuit as claiming.

Shrem purportedly argues that he never owned the bitcoins, and that they are the property of an unnamed industry member.

According to Bloomberg, the Winklevoss’ lawyer Tyler Meade argued that the freeze on Shrem’s assets should continue, claiming that he possessed $12 million dollars in cryptocurrencies, real estate holdings, and other assets.

While Meade reportedly said that the brothers’ lawyers have sought information on Shrem’s holdings from over 30 institutions, they have only identified a paltry $10 in assets at this time. Per the report, the parties agreed that Shrem could spend up to $50,000 on monthly expenses.

Shrem’s lawyer, Brian Klein, said that the allegations that Shrem used ill-gotten Bitcoin to purchase cars and houses had “no basis in fact or law.” Bloomberg quotes Klein as saying that the recent ruling on Shrem’s assets is a first step toward his client’s “complete vindication.” A trial has reportedly been scheduled for June 17, 2019.

Economist: It’s Time for Bitcoin to ‘Put up or Shut up’

This year has been filled with negatives for cryptocurrencies, or at least cryptocurrency investors. Trading at insane prices towards the tail end of 2017, crypto values have fallen closer to earth, with a large majority shedding as much as 80 percent of their value. This has led to quite a bit crisis talk, with some

The post Economist: It’s Time for Bitcoin to ‘Put up or Shut up’ appeared first on CCN

IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA

Like the rest of the market, IOT/USD aggressive traders can begin loading at spot thanks to Nov 4 close above the minor resistance trend line. But, the real impetus is the effort by the IOTA Foundation to create avenues where corporations can easily integrate and make use of Tangle.

Latest IOTA News

That IOTA has a lot of user cases is true. No doubt, the demand for IOTA’s tangle is high. As a matter of fact, in the last 12 months, more than 600 organizations have shown their interest according to David Sønstebø, the founder of IOTA. And it is not even 2019, the year many say will see widespread adoption and actual use of blockchain platforms.

It is for this reason that players at IOTA are keen on expanding the ecosystem by bringing in more people working towards simplification. By that the IOTA Foundation plan to release more technical documentations, guides as they work towards creating a marketplace that redefine ownership, trust and value.

You may also like: IOTA among Gainers as Markets Revisit its Car Insurance Plans

David views the lack of third-party integrator as a major obstacle towards global adoption but once avenues open up and everything fall in place then IOTA shall take off. People, David asserts, need to take the initiative and learn basic programming as there is a gap to be filled.

While IOTA is keen on global adoption, supporters can now buy and instead of keeping their coins at exchanges they can transfer them to their Ledger Nano S via Romeo or Trinity wallets.

IOT/USD Price Analysis

Weekly Chart

IOT/USD Price Analysis

As the market recover, it’s clear that IOTA is also finding strong support at the 40 cents-50 cents area. This zone could help propel IOT/USD prices back towards parity now that prices are down 95 percent from 2017 highs. This is likely but first, since prices are trending inside week ending Aug 12 high low, we need to see strong gains above 90 cents.

When that prints, then bulls would officially be in charge and trading within a three-bar bullish reversal, morning star pattern off the psychological 50 cents mark. If not, then conservative, long term bag hodlers are better off staying on the sidelines as IOT/USD consolidate within a 40 cents range.

Daily Chart

IOT/USD Price Analysis

Back to the daily chart and bulls seem to be in charge. In line with our previous IOT/USD trade plan, we recommend buying at spot now that prices are trading above the minor resistance trend line at the back of high trading volumes of Nov 4.

Even though prices have been correcting in the last few days, we suggest buying at spot with stops at Oct 11 lows at 47 cents. While it is ideal for IOT/USD prices to break and close above 90 cents, conservative traders can begin buying once prices edge above 60 cents.

This level marks Oct highs and the complete reversal of Oct 11 losses.

All Charts Courtesy of Trading View

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA appeared first on NewsBTC.

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Author: Dalmas Ngetich

IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA

Like the rest of the market, IOT/USD aggressive traders can begin loading at spot thanks to Nov 4 close above the minor resistance trend line. But, the real impetus is the effort by the IOTA Foundation to create avenues where corporations can easily integrate and make use of Tangle.

Latest IOTA News

That IOTA has a lot of user cases is true. No doubt, the demand for IOTA’s tangle is high. As a matter of fact, in the last 12 months, more than 600 organizations have shown their interest according to David Sønstebø, the founder of IOTA. And it is not even 2019, the year many say will see widespread adoption and actual use of blockchain platforms.

It is for this reason that players at IOTA are keen on expanding the ecosystem by bringing in more people working towards simplification. By that the IOTA Foundation plan to release more technical documentations, guides as they work towards creating a marketplace that redefine ownership, trust and value.

You may also like: IOTA among Gainers as Markets Revisit its Car Insurance Plans

David views the lack of third-party integrator as a major obstacle towards global adoption but once avenues open up and everything fall in place then IOTA shall take off. People, David asserts, need to take the initiative and learn basic programming as there is a gap to be filled.

While IOTA is keen on global adoption, supporters can now buy and instead of keeping their coins at exchanges they can transfer them to their Ledger Nano S via Romeo or Trinity wallets.

IOT/USD Price Analysis

Weekly Chart

IOT/USD Price Analysis

As the market recover, it’s clear that IOTA is also finding strong support at the 40 cents-50 cents area. This zone could help propel IOT/USD prices back towards parity now that prices are down 95 percent from 2017 highs. This is likely but first, since prices are trending inside week ending Aug 12 high low, we need to see strong gains above 90 cents.

When that prints, then bulls would officially be in charge and trading within a three-bar bullish reversal, morning star pattern off the psychological 50 cents mark. If not, then conservative, long term bag hodlers are better off staying on the sidelines as IOT/USD consolidate within a 40 cents range.

Daily Chart

IOT/USD Price Analysis

Back to the daily chart and bulls seem to be in charge. In line with our previous IOT/USD trade plan, we recommend buying at spot now that prices are trading above the minor resistance trend line at the back of high trading volumes of Nov 4.

Even though prices have been correcting in the last few days, we suggest buying at spot with stops at Oct 11 lows at 47 cents. While it is ideal for IOT/USD prices to break and close above 90 cents, conservative traders can begin buying once prices edge above 60 cents.

This level marks Oct highs and the complete reversal of Oct 11 losses.

All Charts Courtesy of Trading View

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post IOT/USD Price Analysis: More than 600 Corporations Interested in IOTA appeared first on NewsBTC.

Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD

After solid gains, altcoins are slowing down but not bearish. From the chart we can see that ADA/USD and XLM/USD pairs are trending higher within a bullish break out pattern. At the same time, LTC/USD is down while EOS/USD is flat despite release of EOSIO 1.4.0.

Lets’ have a look at these charts:

EOS Price Analysis

In a bid to make EOSIO more usable, the developer team are launching EOSIO 1.4.3 and EOSIO.CDT Version 1.4.0. The aim here is to improve user experience coming at a time when temporarily fixes like CPU_INCREASE isn’t helping the network grow their user base. CPU is increasingly expensive for developers to build application wearing off appeal for EOSIO.

You may also like: EOS Ecosystem Ever Expanding as dApps Rise, but Price Still Sliding

The EOSIO.CDT version introduce features as Ricardian contracts for ABI generation for automatic extraction of information needed for creation of Ricardian contracts and generation of clauses needed for smart contract execution.

EOS/USD Price Analysis

Back to price action and EOS/USD is down two percent in the last day but still up seven percent in the last week. We expect prices to build up momentum because though EOS/USD is down, prices are still trending inside Nov 7 high low. This is bullish but like in our last trade plans we shall maintain a neutral stand until prices break and close above $7 completely reversing loses of Oct 11 and Sep 5. Once this print, a bullish break out pattern would be complete cancelling bears in the process. First targets would be at $9.

LTC/USD Price analysis

LTC/USD Price Analysis

Even with the reversal from the main support trend line and the failure of buyers to drive prices above $55, we still retain a bullish outlook as long as LTC/USD is trading above $50. In our last LTC/USD trade plans we reiterate that $50 is an important, multi-level support line and bulls might found bounce off this zone as they eye $70 and later $110.

Also read: Gemini Adds Litecoin with Approval from New York Regulators

That is why it is important for prices to edge higher and close above Oct highs at $60 before any set of traders can load up LTC at spot in a breakout trade.

XLM/USD Price Analysis

XLM/USD Price Analysis

Thing is, Stellar Lumens odds of higher highs are elevated thanks to stellar fundamentals supporting prices. Add this to the development in the daily chart and our last XLM/USD trade plans are valid. Without wavering, XLM/USD is bullish above 25 cents and every dip is another opportunity for aggressive traders to load up with stops at around 22 cents and first targets at 30 cents.

Meanwhile, conservative type of traders should wait for solid breaks above 30 cents. This move is crucial for XLM because it would signal the beginning of price recovery as traders aim at 50 cents or April highs.

TRX/USD Price Analysis

TRX/USD Price Analysis

Aside from milestone smashing transactions, Tron is dry of fundamentals. Since there is no event to prime price action, our last TRX/USD trade plan is valid as prices are still trading below 3 cents or Sep highs.

Needless to say, we retain an upbeat overview of prices expecting the minor support trend line to buoy prices and drive them above 3 cents triggering bulls aiming at 4 cents. On the flip side, drops below the minor support trend line could see TRX/USD back at bearish territory. In that case, first bear targets would be 1.5 cents or August double bottom.

ADA/USD Price Analysis

ADA/USD Price Analysis

With market boosting development and expectations of higher highs, ADA/USD is within a bullish breakout pattern. Though prices are yet to rally past 9.5 cents or Sep highs ushering in buyers, it is highly likely that that will print out today.

There is more interesting information here: ADA/USD Price Analysis: Cardano Neutral to Bullish above 7 Cents

This is so because of yesterday’s rejection of lower lows. Moving on, we suggest aggressive type of traders to buy at spot with stops at around 7.5 cents and first targets at 9.5 cents and later 12 cents in line with our last ADA/USD trade plan.

All Charts Courtesy of Trading View

Disclaimer: Views and opinions expressed are those of the author and aren’t investment advice. Trading of any form involves risk and so do your due diligence before making a trading decision.

The post Altcoins Price Analysis: Every Dip a Buying Opportunity in XLM/USD and ADA/USD appeared first on NewsBTC.

Trezor Model T Now Supports 10 More Cryptos Including Monero, Ripple

Popular cryptocurrency hardware wallet Trezor has introduced two firmware updates on both of its models – Trezor Model T and Trezor One. The move comes shortly after the wallet enabled its users to exchange directly through its interface.


Trezor Model T Supports More Cryptocurrencies

According to the official release, the new firmware for Trezor Model T will support a wider range of different cryptocurrencies. These include Monero, Cardano, Stellar, Ripple, Tezos, Decred, Lisk, Zencash, Groestlcoin, and Zcash Sapling hardfork.

This opens up the way for third-party integrations for the supported currencies.

“Nothing now stands in the way of developers of the respective cryptocurrencies or other third-party developers to implement Trezor integrations with their wallets — and some of them already have!” the announcement explains.

Trezor Model T review

The new updates are community-driven, the announcement explains, which means that developers of the aforementioned coins must integrate the new code into with their GUI wallets while Satoshi Labs – the company behind Trezor – reviews, tests, and optimizes the code.

CTO at Satoshi Labs Notes Pavol Rusnak notes:

With Trezor Model T, we have decided to redesign a lot of stuff completely from scratch. One of these changes was to have business logic code written in Python, language most developers are familiar with, instead of embedded C used for the original Trezor model.

There is no better proof that this was a great decision than looking at the massive community contributions that have landed into the latest Trezor Model T firmware.

Trezor One Adds Support for WebUSB

The original Trezor hardware wallet – Trezor One, has also received a firmware update, adding support for WebUSB for both Trezor Wallet and Trezor Password Manager.

The new firmware allows users to connect Google Chrome to their Trezor Wallet directly without having to use Trezor Bridge. Furthermore, using the right cable, users can even connect their Trezor One to their Android mobile device or to their Chromebook.

What’s more, Trezor One has also added support for Lisk, Stellar.

Recently, the popular hardware wallet announced a new feature which allows its users to exchange cryptocurrencies directly through its interface.

You can also check out Bitcoinist’s review of the Trezor Model T here.

What do you think of Trezor’s new firmware updates? Let us know in the comments below!


Images courtesy of Shutterstock, Bitcoinist archives, Trezor Blog

The post Trezor Model T Now Supports 10 More Cryptos Including Monero, Ripple appeared first on Bitcoinist.com.

Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading

Trade.io Acquires Brokerage Primus Capital Markets, to Offer Bitcoin-Backed Forex Trading

Trade.io, a cryptocurrency exchange and investment company, has acquired British brokerage firm Primus Capital Markets Ltd for an undisclosed amount. The new subsidiary is to start trading foreign currency using digital assets as base currency under a new name, TIO Markets. Initially, customers will be able to make deposits and withdrawals in bitcoin core, ethereum, litecoin and tiox, the exchange’s own token, to trade on the forex platform.

Also Read: Cryptogem Global Defies Zimbabwe’s Central Bank With New P2P Bitcoin Exchange

Expansion Into Europe

Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading

“The acquisition of Primus Capital Markets will allow the company the opportunity to aggressively expand into the U.K. and the European region,” Trade.io chief executive officer Jim Preissler said in an online statement on Nov. 8.

Primus Capital Markets is registered with the autonomous U.K. financial regulator the Financial Conduct Authority (FCA). The firm holds the IFPRU 125k matched principal license, which allows it to deal in investments as principal, with some degree of stringent capital and governance requirements. Preissler stated:

With an FCA regulated business, it provides management the opportunity to display to our clients we are striving for a higher standard and welcoming regulation instead of avoiding it.

He spoke of the “similarities” that exist between cryptocurrency and forex trading and how “by marrying the two and offering it under one of the most respected regulatory regimes in the world, makes for the perfect acquisition.”

Brokers Squeezed

Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading

European brokers have in recent months faced a difficult time after the introduction of new rules under the Markets in Financial Instruments Directive (Mifid). In the U.K., for example, commissions paid to brokers fell 28 percent during the first quarter of this year compared to the same period a year earlier, and by 30 percent across Europe, according to a report by the Financial Times.

Commenting on the deal, Damian McDowell, managing director of Primus Capital Markets, said:

Primus Capital Markets has extensive experience in the foreign currency industry and (we have) built a significant database of traders that will benefit from this relationship. This was a natural fit for both firms.

McDowell sits on the Trade.io board and advised on the company’s $30 million initial coin offering earlier this year. Trade.io is a Hong Kong-registered company that offers investors the option to trade cryptocurrency through an exchange. It also provides initial coin offerings advisory as well as digital currency-related investments.

What do you think about this deal? Let us know in the comments section below.


Images courtesy of Shutterstock.


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The post Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading appeared first on Bitcoin News.

French Lawmakers Want to Give Bitcoin Investors a Tax Cut

According to a French news website, France’s lower house of parliament (Assemblée Nationale) has backed a proposed plan from its finance commission which will effectively bring the taxes on bitcoin gains in line with other capital gains taxes in the country. At present, bitcoin sales are taxed about 20 percent more than traditional capital gains

The post French Lawmakers Want to Give Bitcoin Investors a Tax Cut appeared first on CCN

Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia.

Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts.

DMG Blockchain Solutions initially revealed its plans to launch the station in July, stating that  their crypto mining operation will be implemented on an industrial scale with direct support from the local government and electricity providers. The station will purportedly increase DMG’s hosting capability by more than 20 times.

Per the recent statement, the 27,000 square foot crypto mining-as-a-service (MaaS) operation occupies an area of 34 acres and is one of the biggest such operations in North America. Since the facility uses hydroelectric power — of which there is a surplus in Canada — the operation will reportedly not affect power needs of local residents.

Independence from the local community grid is crucial for the project’s success, as DMG’s new 85 megawatt facility requires the same amount of electricity needed to power 50,000 homes. Dave Evdokimoff, CEO of local electrical products and services company Boundary Electric, said that “in Boundary Electric’s 71 years of business, we have never seen a demand in the electrical manufacturing industry quite like what is being generated from the crypto space.”

Due to an abundance of hydroelectricity and low power costs, Canada has become an attractve location for cryptocurrency mining. In June, major Canadian electricity provider Hydro-Québec proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt.

With that move, Hydro-Québec seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The power supplier purportedly received requests to purchase power from more than 100 organizations with a total energy consumption exceeding 10 terawatt hours.

The U.S. state of New York is also flush with hydropower, as earlier this summer state regulators approved a new electricity rate scheme for crypto miners that will allow them to negotiate contracts. The Massena municipal utility will consider contracts on a case-by-case basis, which will protect other utility customers from increased rates.

Residential consumers in Massena pay an energy charge of about $0.039 per kilowatt hour, where the national average residential rate is $0.13 per kilowatt hour. This made the state a destination for crypto miners, who use powerful specialized computers for the energy-intensive activity.

EtherDelta Founder Charged by SEC for Operating Unregistered Exchange

The Securities and Exchange Commission announced in a press release that it has settled charges against EtherDelta founder Zachary Coburn. This is the SEC’s first enforcement action based on findings that a platform operated as an “unregistered national securities exchange.”

EtherDelta is one of the largest decentralized cryptocurrency trading platforms by trading volume, and prior to a hack in December of 2017, it was one of the most popular exchanges for trading ERC20 tokens. According to statistics from the SEC, over an 18-month period, there were over 3.6 million orders placed on EtherDelta.

The exchange supports the development and maintenance of the service by charging a 0.3 percent taker-fee for market orders. Coburn and other software developers who operated the platform were the primary beneficiaries of that fee.

According to the press release, the majority of orders placed on EtherDelta occurred after the Commission issued its 2017 DAO Report. The report concluded that certain digital assets, such as DAO ERC20 tokens, were treated as securities and that any platforms that offered these securities would be subject to SEC’s registration requirements. As stated in the press release,

“EtherDelta offered trading of various digital asset securities and failed to register as an exchange or operate pursuant to an exemption.”

This is not the first time the SEC has brought enforcement actions related to unregistered exchanges and unregistered ICOs. Some of the enforcement actions even include tokens traded on EtherDelta.

Coburn pleaded no-contest without admitting or denying the findings and consented to pay fines and penalties of nearly $400,000.

The Commission’s order also recognizes Coburn’s cooperation, which the Commission considered in its determination not to impose greater penalties. However, the SEC does indicate that the investigation into EtherDelta and Coburn will continue.

In a statement from Steven Peikin, Co-Director of the SEC’s Enforcement Division:

“We are witnessing a time of significant innovation in the securities markets with the use and application of distributed ledger technology, but to protect investors, this innovation necessitates the SEC’s thoughtful oversight of digital markets and enforcement of existing laws.”

The judgment against EtherDelta marks that even decentralized projects are not safe from federal enforcement action. In the future, it is clear the SEC will continue to levy enforcement actions against ICOs and exchanges that operate without complying with U.S. regulations.

The post EtherDelta Founder Charged by SEC for Operating Unregistered Exchange appeared first on CryptoSlate.

Binance Launches Research Wing to Create ‘Institutional-Grade’ Research Reports

Leading crypto exchange Binance has announced the launch of its new analysis division to prepare “institutional-grade” research reports within the cryptocurrency space.

The largest cryptocurrency exchange, Binance, has launched an analysis division to conduct  “institutional-grade” research reports, according to an announcement published Nov. 8.

Binance’s new analysis division, Binance Research, is set to prepare institutional-grade research reports with the objective of increasing transparency and improve the quality of information within the cryptocurrency space.

The division has already conducted and published two in-depth reports devoted to a decentralized blockchain that supports smart contracts and distributed applications, and a scaling solution for Ethereum (ETH).

Binance Research is not the first project from the exchange beyond its original mandate. In the beginning of October, Binance announced it will  donate all listing fees to charity, as well as allow developers themselves to name the amount they pay, without demanding a minimum fee.

Following that news, Binance introduced its blockchain-powered donation platform called the Blockchain Charity Foundation (BCF). BCF first used its donation platform to raise funds for the victims of the floods and landslides in Eastern Uganda. The platform accepts donations in Bitcoin (BTC), ETH and Binance Coin (BNB).

Also in October, Binance’s venture wing Binance Labs invested millions of dollars in decentralized digital content ecosystem Contentos, wich will develop a decentralized ecosystem that will purportedly offer transparency and monetization of content, without third-party censorship or removal of content.

Founded in China in 2014, Binance is now the world’s largest digital exchange in terms of adjusted daily trading volume, which is around $796 million at press time, according to CoinMarketCap.

Binance has been gradually expanding its trading activities to other countries, recently announcing the launch of its fiat-to-crypto exchange in Uganda, enabling users to buy two major cryptocurrencies — BTC and ETH — with the local fiat currency of Ugandan shillings.

In September, the leading exchange announced of private beta testing a crypto-fiat exchange in Singapore, which will presumably support the local Singapore dollar. Also that month, Binance signed a Memorandum of Understanding with the Malta Stock Exchange’s fintech and digital asset subsidiary, MSX PLC, to launch a trading platform.

In August, Binance LCX, a joint venture between Binance and Liechtenstein Cryptoassets Exchange (LCX), announced the launch of a fiat-to-crypto exchange in Lichtenstein.

Stablecoin Wars: Poloniex Eliminates USDC Trading Fees in Bid to Boost Volume

In case you missed it, Poloniex, one of the major altcoin exchanges, was acquired by Circle in February. Previously, Circle was focused primarily on the major coins versus fiat pairings, but since its acquisition of Poloniex it has had the opportunity to dive into more tokens, and in September it launched its own stablecoin to

The post Stablecoin Wars: Poloniex Eliminates USDC Trading Fees in Bid to Boost Volume appeared first on CCN

US Regulator Wants to Adopt Blockchain to Maintain Pace with Market Manipulators

The chair of the U.S. Commodity Futures Trading Commission (CFTC) has said that he wants to adopt blockchain to “keep pace with those who attempt to defraud, distort, or manipulate” financial markets.

CFTC Chairman Giancarlo Envisions Compliance Built into Business Operations Through Smart Contracts

J. Christopher Giancarlo spoke about the use of blockchain and machine learning for regulatory purposes at Georgetown University. The head regulator is confident the digital era will prove to be a positive factor to better oversee financial markets.

“These tools will become even more paramount as emerging blockchain technologies seek to decentralize markets or disintermediate traditional actors. It is critical that we have the ability to keep pace with those who attempt to defraud, distort, or manipulate.”

Giancarlo gave several examples of adoption of new technologies at the regulatory level.

These include “using machines to independently identify segments of the markets where concentration risks or unrecognized counterparty exposures are emerging and flag them for staff consideration and action” and “new machine-learning based surveillance tools” designed to “sniff out patterns of likely illegal trading activity or attempts to manipulate markets for enforcement analysis.”

The CFTC chair said the ongoing digital revolution in the world’s trading markets have far-ranging implications for capital formation and risk transfer. He added that he expects the majority of standard tasks to be managed by machines as automation technologies are paired with blockchain to standardize and distribute data to market actors and regulators.

“We can also envision the day where rulebooks are digitized, compliance is increasingly automated or built into business operations through smart contracts, and regulatory reporting is satisfied through real-time DLT networks. The machines here at the CFTC would have the ability to communicate regulatory requirements and consume and analyze the data that comes in through such systems.”

Giancarlo has recently stated that cryptocurrencies “are here to stay” and that many countries across the globe are hungry for functioning currencies, which shows there is a market for digital currencies. He is, however, skeptical about cryptocurrencies’ ability to rival the dollar or other hard currencies.

While the U.S. CFTC is yet to adopt blockchain technology to better oversee financial markets, the financial watchdog has won its first Bitcoin fraud action. A  New York federal court has ordered Gelfman Blueprint and its CEO Nicholas Gelfman to pay over $2.5 million in civil monetary penalties and restitution over their +$600,000 Ponzi scheme.

Related Reading: CFTC Chair: Cryptocurrencies Have a Future, They Are Here to Stay

Featured image from Shutterstock.

The post US Regulator Wants to Adopt Blockchain to Maintain Pace with Market Manipulators appeared first on NewsBTC.

US Regulator Wants to Adopt Blockchain to Maintain Pace with Market Manipulators

The chair of the U.S. Commodity Futures Trading Commission (CFTC) has said that he wants to adopt blockchain to “keep pace with those who attempt to defraud, distort, or manipulate” financial markets.

CFTC Chairman Giancarlo Envisions Compliance Built into Business Operations Through Smart Contracts

J. Christopher Giancarlo spoke about the use of blockchain and machine learning for regulatory purposes at Georgetown University. The head regulator is confident the digital era will prove to be a positive factor to better oversee financial markets.

“These tools will become even more paramount as emerging blockchain technologies seek to decentralize markets or disintermediate traditional actors. It is critical that we have the ability to keep pace with those who attempt to defraud, distort, or manipulate.”

Giancarlo gave several examples of adoption of new technologies at the regulatory level.

These include “using machines to independently identify segments of the markets where concentration risks or unrecognized counterparty exposures are emerging and flag them for staff consideration and action” and “new machine-learning based surveillance tools” designed to “sniff out patterns of likely illegal trading activity or attempts to manipulate markets for enforcement analysis.”

The CFTC chair said the ongoing digital revolution in the world’s trading markets have far-ranging implications for capital formation and risk transfer. He added that he expects the majority of standard tasks to be managed by machines as automation technologies are paired with blockchain to standardize and distribute data to market actors and regulators.

“We can also envision the day where rulebooks are digitized, compliance is increasingly automated or built into business operations through smart contracts, and regulatory reporting is satisfied through real-time DLT networks. The machines here at the CFTC would have the ability to communicate regulatory requirements and consume and analyze the data that comes in through such systems.”

Giancarlo has recently stated that cryptocurrencies “are here to stay” and that many countries across the globe are hungry for functioning currencies, which shows there is a market for digital currencies. He is, however, skeptical about cryptocurrencies’ ability to rival the dollar or other hard currencies.

While the U.S. CFTC is yet to adopt blockchain technology to better oversee financial markets, the financial watchdog has won its first Bitcoin fraud action. A  New York federal court has ordered Gelfman Blueprint and its CEO Nicholas Gelfman to pay over $2.5 million in civil monetary penalties and restitution over their +$600,000 Ponzi scheme.

Related Reading: CFTC Chair: Cryptocurrencies Have a Future, They Are Here to Stay

Featured image from Shutterstock.

The post US Regulator Wants to Adopt Blockchain to Maintain Pace with Market Manipulators appeared first on NewsBTC.

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Author: Ricardo Esteves

China’s Central Bank Calls for More Government Oversight on Blockchain

China’s central bank the People’s Bank of China (PBC) encouraged the government to increase supervision of blockchain-related ventures in a working paper released on Tuesday, warning that “bubbles were apparent,” according to Reuters.

‘Cannot Disrupt the Market’

The abstract of the paper, entitled ‘What Blockchain Can Do, and What it Can’t Do’ states the approach the PBC’s Research Bureau took in dissecting blockchain technology and examining it from an economic perspective, stating:

“…by explaining blockchain technologies from an economic perspective, it introduces the Token Paradigm to summarize mainstream blockchain systems, discusses the true meaning of consensus and trust in the blockchain field, and analyzes the functions of smart contract [sic].”

Translated excerpts from the working paper via CCN China show a pessimistic view of blockchain technology, especially as the disruptor to the financial system crypto supporters claim it will be. The report warns readers not to “exaggerate the function of the blockchain,” adding, “So far, no technological innovation has had a disruptive impact on the financial system, and blockchain is no exception.” 

The PBC also issued a notice to investors in September warning of the risks involved with cryptocurrency, and the new working paper calls blockchain “superstitious” according to translations. The paper asserts that there is no flexibility in the supply of digital currencies and that a lack of intrinsic value support is also a problem.

Still Exploring Crypto

The paper does indicate that there are some places within China’s financial structure where blockchain technology could be helpful if applied, specifically noting the country’s digital bill trading platform. Still, the PBC says it’s “very difficult to replace institutions and trust with technology.”

Despite calling blockchain enthusiasm “superstitious” and saying that it would only be possible to completely replace the current financial system with a crypto-based on in a utopian scenario, the PBC does appear to have its hand in crypto projects of its own.

China: Central Bank May Launch State-issued Cryptocurrency, Seeking Cryptography Talent
Related: China: Central Bank May Launch State-issued Cryptocurrency, Seeking Cryptography Talent

CryptoSlate reported in October that the PBC is hiring several new employees with backgrounds in cryptography, computer science, and finance to develop its own “digital fiat currency.” The bank, in fact, sought out those with blockchain experience to fill these roles, as well as people with a background in big data.

Early last month, a researcher at the PBC published an op-ed in the bank-owned CN Finance magazine calling for more research into a government-backed stablecoin pegged to the Yuan, saying that U.S. stablecoins pegged to the dollar showed promise.

The post China’s Central Bank Calls for More Government Oversight on Blockchain appeared first on CryptoSlate.

Ripple (XRP) Leads Altcoin Retreat as Early-Week Rally Fizzles

Led by ripple (XRP), the bitcoin and the altcoin markets edged lower on Thursday after staying on the bulls’ side for most of the week. Ripple Price Headlines Pullback The cryptocurrency market as a whole witnessed their uptrends getting stalled. Other top performers during the previous rally, including stellar (XLM), bitcoin cash (BCH) and EOS,

The post Ripple (XRP) Leads Altcoin Retreat as Early-Week Rally Fizzles appeared first on CCN

3 Darknet Vendors Causing Drug-related Deaths in Iowa Sentenced to Severe Jail Time

darknet death iowa

The darknet continues to cause headlines for a wide variety of reasons. A trio of drug dealers on the darknet has been recently arrested and sentenced. Their actions have, indirectly, lead to multiple drug deaths in Iowa. It is evident the sale of illicit drugs continues to rise in the US, which is something that needs to e addressed sooner or later.

US Drug Deaths Linked to Darknet Vendors

It has become significantly easier for anyone with access tot he internet to buy illegal goods and services. That includes the purchase of fake documents weapons, and more importantly, drugs. As is usually the case, these drug dealings often lead to deaths or other health issues. In the state of Iowa, various drug-related deaths have been linked to three vendors on the darknet.

Although there is still plenty of work to be done prior to shutting down the illicit drug sales in the US, any effort needs to be applauded. In this particular case, three men have been sentenced to lengthy stays in prison for causing the deaths of three Iowa residents.

All of the individuals were active on the darknet. They all seemed to specialize in distributing opioids, one of the more popular types of narcotics still being sold on the darknet in growing quantities. One of the three individuals received a life sentence, whereas the others receive 18 and 33 months respectively.  

Interestingly enough, these three arrests have been a major victory for the Dubuque Drug Task Force. One of the individuals arrested sold heroin to their undercover agent on not one, but two occasions. Both transactions took place well within the area of playfields and an elementary school, allowing the task force to take the necessary action.

All of the arrested darknet vendors have also had their homes raided by police officials. A fair amount of drugs were seized, including crack, fentanyl, and heroin. It is evident these three individuals were involved in large-scale operations on the darknet, and their jail sentences reflect their intent to distribute. Selling drugs is subject to severe punishment in any jurisdiction.

By actively engaging in these drug sales, all three individuals signed their own death warrant, so to speak. It is evident the drug agencies around the world still have plenty of work ahead to bring all of this activity to an end. In fact, it seems unlikely drug trafficking will ever be eroded completely. It has become a multi-billion dollar industry which becomes harder and harder to track down.

The post 3 Darknet Vendors Causing Drug-related Deaths in Iowa Sentenced to Severe Jail Time appeared first on NullTX.

Bitcoin Ownership Hits 9% In UK, YouGov Survey Reveals

Bitcoin UK's Cryptocurrency Task Force Concerned Over Recent Exchange Hacks

Over 90 percent of UK residents have now heard of Bitcoin and up to 9 percent of some demographics own it, an upbeat new survey revealed November 7.


21 Percent See Bitcoin Being As Common As Fiat

The findings by market research agency YouGov paint a surprisingly positive picture of consumer attitudes towards the largest cryptocurrency, coming despite a year-long bear market and associated media criticism.

While the largest section of the respondents described their knowledge of Bitcoin as “not very” good, over one-fifth foresee its usage becoming as common as traditional payment methods “in the future.”

The survey was timed to coincide with the tenth anniversary of Satoshi Nakamoto publishing Bitcoin’s whitepaper.

“A decade on, YouGov research explores how much we think we know about the cryptocurrency, how many of us have ever bought it, and whether we think currencies controlled by the people using them – rather than by a central institution – have a long-term future in Britain’s financial system,” the agency writes summarizing the data.

Everyone ‘Knows’ A Bitcoin Owner

While many responses make for unremarkable reading, subtle nuances in the UK’s changing attitudes to crypto are becoming easier to spot.

While ownership of coins among participants ostensibly remained fairly low – the biggest owners being 18-24 year olds at 9 percent – a considerably larger percentage claimed they “knew someone personally” who own cryptoassets.

Across all age ranges, those who knew an owner outnumbered owners themselves around four times over. This may suggest that respondents have become more aware of admitting ownership, or that the concept of ownership has at least become more of a talking point.

The gap between Bitcoin as a trend and as an ideology meanwhile remains.

Asked about how they felt given Bitcoin’s decentralized nature, not under the control of a central banking authority, most answered they were “neutral,” while higher numbers appeared to feel “fairly negative” than any other option, including “positive.”

Cryptocurrency regulation in the UK is currently a contentious topic, with disagreement on the general direction being forged by authorities.

What do you think about the YouGov survey? Let us know in the comments below!


Images courtesy of Shutterstock

The post Bitcoin Ownership Hits 9% In UK, YouGov Survey Reveals appeared first on Bitcoinist.com.

Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble?

Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee.

The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now it seems that legislators also have a state-backed cryptocurrency in mind.

Russia to Approve Regulatory Framework on Cryptocurrencies and ICOs By Year End

The Financial Market Committee of the Russian Parliament has discussed the launch of the digital ruble, an encrypted form of the country’s fiat currency, in order to better integrate the cryptocurrency market, Aksakov told RIA Novosti.

“This is the same ruble, just in encrypted form, and it tracks the money turnover between the blockchain participants … The information system can place tokens, digital rights to raise funds for projects. All rights are taken into account in the information platform. This resource allows you to exchange money for crypto money. For example, you bring 100 thousand rubles to a bank and get 100 thousand crypto rubles, one to one for fiat money. You use these funds to buy goods fixed in the blockchain.”

Aksakov expects blockchain to eventually represent a significant portion of Russia’s economy, which then will raise the need for a CryptoRuble that enables the trade and economic processes in the country. The member of the State Duma believes the Bank of Russia should regulate the whole process of launching the Russian ruble in the form of cryptocurrency. The central bank, however has been cautious about the issue.

Related Reading: “Cryptocurrency Is Not Money,” Says Russia

For now, cryptocurrencies are not an authorized means of payment in Russia. Elvira Nabiullina, President of the Central Bank of Russia, called Bitcoin “quasi-money.” The central bank does not allow cryptocurrencies to be exchanged for rubles, currency or other property.

The State Duma has introduced three draft bills on cryptocurrencies and digital tokens in which they are considered assets, but won’t be able to pay for goods and services in Russia. Regulation on ICOs may limit the investment of non-accredited investors to 50,000 rubles (approximately $900) at the most. Aksakov said the Parliament plans to approve the regulatory framework on cryptocurrencies and initial coin offerings by the end of 2018, but the crypto-ruble is not in it.

“This is not in the bill, it’s my fantasy of what I suppose will be in the future. So far there is no request. While we are creating first of all the legal possibilities for holding an ICO within the Russian jurisdiction and provide for the protection of investors’ rights, the rules of operators, the requirements for them and the information system. First, we create the infrastructure, then the infrastructure may require cryptocurrency.”

Although the Bank of Russia considers cryptocurrencies as “quasi-money”, the central bank has tested an ICO technology on its central bank’s regulatory platform in order to conduct the first transaction involving tokenized assets.

Featured image from Shutterstock.

The post Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble? appeared first on NewsBTC.

Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble?

Russia may be on the way to adopting its own central bank digital currency, according to Anatoly Aksakov, chair of the State Duma’s Financial Market Committee.

The Russian Parliament is studying three bills, introduced in March, to regulate smart contracts, digital currencies, cryptocurrency mining, and initial coin offerings (ICOs). Now it seems that legislators also have a state-backed cryptocurrency in mind.

Russia to Approve Regulatory Framework on Cryptocurrencies and ICOs By Year End

The Financial Market Committee of the Russian Parliament has discussed the launch of the digital ruble, an encrypted form of the country’s fiat currency, in order to better integrate the cryptocurrency market, Aksakov told RIA Novosti.

“This is the same ruble, just in encrypted form, and it tracks the money turnover between the blockchain participants … The information system can place tokens, digital rights to raise funds for projects. All rights are taken into account in the information platform. This resource allows you to exchange money for crypto money. For example, you bring 100 thousand rubles to a bank and get 100 thousand crypto rubles, one to one for fiat money. You use these funds to buy goods fixed in the blockchain.”

Aksakov expects blockchain to eventually represent a significant portion of Russia’s economy, which then will raise the need for a CryptoRuble that enables the trade and economic processes in the country. The member of the State Duma believes the Bank of Russia should regulate the whole process of launching the Russian ruble in the form of cryptocurrency. The central bank, however has been cautious about the issue.

Related Reading: “Cryptocurrency Is Not Money,” Says Russia

For now, cryptocurrencies are not an authorized means of payment in Russia. Elvira Nabiullina, President of the Central Bank of Russia, called Bitcoin “quasi-money.” The central bank does not allow cryptocurrencies to be exchanged for rubles, currency or other property.

The State Duma has introduced three draft bills on cryptocurrencies and digital tokens in which they are considered assets, but won’t be able to pay for goods and services in Russia. Regulation on ICOs may limit the investment of non-accredited investors to 50,000 rubles (approximately $900) at the most. Aksakov said the Parliament plans to approve the regulatory framework on cryptocurrencies and initial coin offerings by the end of 2018, but the crypto-ruble is not in it.

“This is not in the bill, it’s my fantasy of what I suppose will be in the future. So far there is no request. While we are creating first of all the legal possibilities for holding an ICO within the Russian jurisdiction and provide for the protection of investors’ rights, the rules of operators, the requirements for them and the information system. First, we create the infrastructure, then the infrastructure may require cryptocurrency.”

Although the Bank of Russia considers cryptocurrencies as “quasi-money”, the central bank has tested an ICO technology on its central bank’s regulatory platform in order to conduct the first transaction involving tokenized assets.

Featured image from Shutterstock.

The post Is Russia on Its Way to Adopting Its Own State-Backed CryptoRuble? appeared first on NewsBTC.

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Author: Ricardo Esteves

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

On Oct. 8, a new application was introduced to the Bitcoin Cash (BCH) community called Craft.cash, a BCH-powered onchain platform that’s similar to the popular block building game Minecraft. According to the development team called Blockparty, the Craft.cash game allows anyone to encode colorful voxel data into the three-dimensional world using op-return outputs stemming from BCH transactions.

Also read: Latest Release of Badger Wallet Supports SLP and Wormhole Tokens

Craft.cash: An Artistic Voxel Block World Stored Within the Bitcoin Cash Blockchain

There’s a new voxel-playground available for Bitcoin Cash users called Craft.cash that allows people to create an “immutable decentralized voxel world,” according to the creators. Essentially the platform is a virtual world where users can build environments using different color blocks and onchain transactions. When you first enter the website the platform gives you a Blockparty wallet mnemonic phrase and a text file that also contains the private key.

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

The open source application does not work for mobile phones, so users have to play with Craft.cash using a desktop browser. In order to build an immutable pattern of blocks in the world, you need to deposit funds into the wallet. The developers say that every transaction costs roughly 1,000 satoshis for network fees and there’s a maximum of 51 voxels (blocks) per transaction.

“This encodes voxel data in a binary format using op-return outputs of bitcoin transactions. With this design we can then look back into time to construct a world up until any Bitcoin block,” explained the Blockparty developer on Reddit.

Bright, Colorful, and Possibly ‘Four Dimensional’

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash It takes some time to get used to the controls that allow you to travel around the virtual world and view the onchain art space without spending any money. A lot of BCH users have been using the application since it was launched and there are various structures, bitcoin cash symbols, and messages written throughout the landscape. There is a large number of colors available to choose from when designing various patterns and structures with the blocks. The creator has said there is no “pure black and white” in Craft.cash and everything in the world has a bit of color.

“This was done to give more room for color scales at expense of missing some things — Perhaps in future, I’ll do something to add more, but for now it’s bright and colorful,” Blockparty detailed. The creator emphasized he is open to ideas and pull requests concerning adding voxel shadows. “I’d like to actually make it possible to have a little graphics config to enable/disable different things at some point,” the creator adds.

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash Even with all the current participants playing around and decorating the Craft.cash world, there is still lots of room to design and participate. Moreover, it is possible to delete the blocks that others have built by paying to remove them, the developer has explained. The well-known BCH developer Unwriter also enjoyed the fact the application uses Bitdb 2.0 and Bitsocket. When BCH proponents discussed the project on Reddit forums, many people complimented it for creating a 3D block placement system. Unwriter responded to the project’s announcement on Reddit and explained that Craft.cash is actually four-dimensional as opposed to three.

“[It’s] even cooler, actually it’s 4D — With an additional axis of “time” — Because everything is stored on the blockchain, they are all time-stamped by block so you can display a snapshot of the universe at a specific point in time,” the developer explained.

What do you think about Craft.cash? Let us know what you think about this voxel universe powered by bitcoin cash in the comments section below.

Disclaimer: Bitcoin.com does not endorse this product/service. Review editorials are intended for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. 


Images via Craft.cash, Jamie Redman, Shutterstock, and Twitter. 


Need to calculate your bitcoin holdings? Check our tools section. 

The post Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash appeared first on Bitcoin News.

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Author: Jamie Redman

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

On Oct. 8, a new application was introduced to the Bitcoin Cash (BCH) community called Craft.cash, a BCH-powered onchain platform that’s similar to the popular block building game Minecraft. According to the development team called Blockparty, the Craft.cash game allows anyone to encode colorful voxel data into the three-dimensional world using op-return outputs stemming from BCH transactions.

Also read: Latest Release of Badger Wallet Supports SLP and Wormhole Tokens

Craft.cash: An Artistic Voxel Block World Stored Within the Bitcoin Cash Blockchain

There’s a new voxel-playground available for Bitcoin Cash users called Craft.cash that allows people to create an “immutable decentralized voxel world,” according to the creators. Essentially the platform is a virtual world where users can build environments using different color blocks and onchain transactions. When you first enter the website the platform gives you a Blockparty wallet mnemonic phrase and a text file that also contains the private key.

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash

The open source application does not work for mobile phones, so users have to play with Craft.cash using a desktop browser. In order to build an immutable pattern of blocks in the world, you need to deposit funds into the wallet. The developers say that every transaction costs roughly 1,000 satoshis for network fees and there’s a maximum of 51 voxels (blocks) per transaction.

“This encodes voxel data in a binary format using op-return outputs of bitcoin transactions. With this design we can then look back into time to construct a world up until any Bitcoin block,” explained the Blockparty developer on Reddit.

Bright, Colorful, and Possibly ‘Four Dimensional’

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash It takes some time to get used to the controls that allow you to travel around the virtual world and view the onchain art space without spending any money. A lot of BCH users have been using the application since it was launched and there are various structures, bitcoin cash symbols, and messages written throughout the landscape. There is a large number of colors available to choose from when designing various patterns and structures with the blocks. The creator has said there is no “pure black and white” in Craft.cash and everything in the world has a bit of color.

“This was done to give more room for color scales at expense of missing some things — Perhaps in future, I’ll do something to add more, but for now it’s bright and colorful,” Blockparty detailed. The creator emphasized he is open to ideas and pull requests concerning adding voxel shadows. “I’d like to actually make it possible to have a little graphics config to enable/disable different things at some point,” the creator adds.

Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash Even with all the current participants playing around and decorating the Craft.cash world, there is still lots of room to design and participate. Moreover, it is possible to delete the blocks that others have built by paying to remove them, the developer has explained. The well-known BCH developer Unwriter also enjoyed the fact the application uses Bitdb 2.0 and Bitsocket. When BCH proponents discussed the project on Reddit forums, many people complimented it for creating a 3D block placement system. Unwriter responded to the project’s announcement on Reddit and explained that Craft.cash is actually four-dimensional as opposed to three.

“[It’s] even cooler, actually it’s 4D — With an additional axis of “time” — Because everything is stored on the blockchain, they are all time-stamped by block so you can display a snapshot of the universe at a specific point in time,” the developer explained.

What do you think about Craft.cash? Let us know what you think about this voxel universe powered by bitcoin cash in the comments section below.

Disclaimer: Bitcoin.com does not endorse this product/service. Review editorials are intended for informational purposes only. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com or the author is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. 


Images via Craft.cash, Jamie Redman, Shutterstock, and Twitter. 


Need to calculate your bitcoin holdings? Check our tools section. 

The post Minecraft-Like Platform Craft.cash Brings a 3D World to Bitcoin Cash appeared first on Bitcoin News.

Daily Crypto Roundup 11/8/2018

Bitcoin shows some of its impact ten years later, we receive some Ethereum Tech-Oasis Nevada updates, Etherdelta founder gets penalized, Ethereum potentially exposes user data, and alleged South Korean Hackers get caught. Read up on today’s action in a nutshell.

Andreessen Horowitz, Coinbase And Pantera Capital In Satoshi’s Debt

Crypto Insider recently looked into writings from Bitcoin creator Satoshi Nakamoto, dating back some ten years.

Back in 2009 Satoshi mentioned several use cases for Bitcoin and its tech, via an email. Uses mentioned include in-game currency, donations, and pay-to-send-email.

In short, Bitcoin’s creation led to the huge success of Earn.com, which allows people to earn crypto in exchange for responding to emails.

Read on Crypto Insider

Ethereum-Run Tech-Oasis To Rise In The Nevada Desert

Crypto Insider reports about recent developments on 67,000 acres of land bought in Nevada by Blockchains LLC back in January.

Blockchains LLC plans to use the space to build something called an Innovation Park/Sandbox City/ – which is basically “an experimental community or a smart city with blockchain technology embedded into its very infrastructure”, Crypto Insider reports.

Read on Crypto Insider

SEC Charges EtherDelta Founder Over ‘Unregistered Securities Exchange’

The SEC has now decided to go after the Etherdelta decentralized exchange founder Zachary Coburn, on grounds of running an unregistered securities exchange.

Apparently the SEC has labeled some of the ERC-20 (Ethereum based tokens) on the exchange as securities.

Etherdelta was a hot-bed for trading over the past years. “EtherDelta users conducted more than 3.6 million trades over an 18-month period”, reported CoinDesk.

According to the SEC press release today, “[a]lmost all of the orders placed through EtherDelta’s platform were traded after the Commission issued its 2017 DAO Report, which concluded that certain digital assets, such as DAO tokens, were securities and that platforms that offered trading of these digital asset securities would be subject to the SEC’s requirement that exchanges register or operate pursuant to an exemption”.

Etherdelta was reportedly unregistered and didn’t officially seek an exemption.

Read on CoinDesk

The Little-Known Ways Ethereum Reveals User Location Data

It comes as no surprise that people are in the spotlight, with gadgets like phones providing user data almost constantly.

Ethereum reportedly adds to the availability of user data via its “underlying network layer, where information is exposed in complex, unpredictable ways”, CoinDesk reports.

Projects and entities are currently researching the topic, aiming to better protect said data.

Read on CoinDesk

South Korea: Four ‘Young’ Hackers Booked In Cryptojacking Case Targeting Over 6,000 PCs

News broke today of four hackers being apprehended due to their involvement in cryptojacking. Cryptojacking is the unauthorized use of an unsuspecting person’s computer to mine crypto assets.

“This was the first known case of cryptojacking in South Korea”, reported Aju Business Daily.

CoinTelegraph reports accusations to include the hackers “infecting 6,038 PCs with malicious mining malware, which had been concealed in job application documents sent via email”.

Read on CoinTelegraph

The post Daily Crypto Roundup 11/8/2018 appeared first on Crypto Insider.

Coinbase Launches Full Trading of Basic Attention Token

U.S.-based cryptocurrency exchange Coinbase has launched full trading for the Basic Attention Token at Coinbase.com, as well as on the Coinbase Android and iOS apps.

American cryptocurrency exchange and wallet provider Coinbase has announced the rollout of full trading of the Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps, per a blog post published Nov. 8.

According to the announcement, Coinbase’s customers can now buy, sell, send, receive, or store BAT along with other digital currencies supported on the platform. The exchange also notes that BAT will be available for customers in most jurisdictions, except initially for residents of the state of New York.

Coinbase announced that it started accepting inbound transfers of BAT to Coinbase Pro last week, indicating that BAT trading would only start once the coin established sufficient liquidity.

The exchange stipulated that the token would undergo four listing stages, including “transfer-only,” where users will be able to transfer BAT into Coinbase Pro accounts; “post-only,” which would enable customers to post limit orders; “limit-only,” where limit orders start matching; and the final stage “full trading,” which gives full access to trading services, including limit, market, and stop orders.

After the previous announcement, the BAT price spiked, surging by over 20 percent on the day. Today, the altcoin’s price had a far more measured response, increasingly only slightly before slumping in the last few hours. At press time, BAT is down 3.87 percent on the day according to CoinMarketCap.

Still the cryptocurrency has seen a steady growth on its weekly chart from $0.253 on Nov. 2 to its highest weekly price point of around $0.379 today. At press time, BAT is trading at $0.321.

In October, Coinbase added support for 0x (ZRX), making it the first ERC-20 token available for trade on the platform. In the same month, the exchange also launched the first U.S. dollar stablecoin on the platform, USDC, in partnership with blockchain-powered payments technology company Circle.

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Author: Ana Alexandre

Coinbase Launches Full Trading of Basic Attention Token

U.S.-based cryptocurrency exchange Coinbase has launched full trading for the Basic Attention Token at Coinbase.com, as well as on the Coinbase Android and iOS apps.

American cryptocurrency exchange and wallet provider Coinbase has announced the rollout of full trading of the Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps, per a blog post published Nov. 8.

According to the announcement, Coinbase’s customers can now buy, sell, send, receive, or store BAT along with other digital currencies supported on the platform. The exchange also notes that BAT will be available for customers in most jurisdictions, except initially for residents of the state of New York.

Coinbase announced that it started accepting inbound transfers of BAT to Coinbase Pro last week, indicating that BAT trading would only start once the coin established sufficient liquidity.

The exchange stipulated that the token would undergo four listing stages, including “transfer-only,” where users will be able to transfer BAT into Coinbase Pro accounts; “post-only,” which would enable customers to post limit orders; “limit-only,” where limit orders start matching; and the final stage “full trading,” which gives full access to trading services, including limit, market, and stop orders.

After the previous announcement, the BAT price spiked, surging by over 20 percent on the day. Today, the altcoin's price had a far more measured response, increasingly only slightly before slumping in the last few hours. At press time, BAT is down 3.87 percent on the day according to CoinMarketCap.

Still the cryptocurrency has seen a steady growth on its weekly chart from $0.253 on Nov. 2 to its highest weekly price point of around $0.379 today. At press time, BAT is trading at $0.321.

In October, Coinbase added support for 0x (ZRX), making it the first ERC-20 token available for trade on the platform. In the same month, the exchange also launched the first U.S. dollar stablecoin on the platform, USDC, in partnership with blockchain-powered payments technology company Circle.

Fake News: SWIFT Denies Rumor it Will Join Ripple’s Blockchain Network

Speculation that RippleNet and the Society for Worldwide Interbank Financial Telecommunication (SWIFT) were planning to integrate may have caused the market cap of ripple (XRP) to briefly overtake that of ethereum to take the second position in the overall crypto market. SWIFT Says it isn’t Joining RippleNet This was based on the belief that with

The post Fake News: SWIFT Denies Rumor it Will Join Ripple’s Blockchain Network appeared first on CCN

Canadian Bitcoin Mining Firm Hut 8 Sees Record High Revenue in Q3 2018

Toronto-based Bitcoin mining company Hut 8 has seen record high revenue in the third quarter of 2018, which reached $13.5 million, with $27.7 for the nine months ending on Sep. 30.

Canadian Bitcoin (BTC) mining company Hut 8 has reported record revenue in the third quarter (Q3) of 2018, according to the company’s quarterly financial report published Nov. 8.

Hut 8, which claims to be “the largest” public crypto mining company by operating capacity and market capitalization, has revealed its financial results for Q3 of this year, stating that its revenue reached a record high $13.5 million for Q3, and $27.7 million for the nine months ending on Sep. 30.

Revenue increased by 126 percent compared to the previous quarter revenue of $5.9 million. Hut 8 attributed the increase to its deployment of 16 Bitfury BlockBoxes in September at its mining facility in the City of Medicine Hat, for an aggregate of 56 BlockBoxes at that site. Each BlockBox contains 176 mining servers and reportedly has a hashrate of 13.7 Pethashes per second (Ph/s).

In Q3, Hut 8’s cost for mining a single Bitcoin was $3,394, which is lower than the current market price of around $6,400, which is reflected in the report as the company’s mining profit for Q3 was $6.6 million, with a mining profit margin of 51 percent. Hut 8 claims that this makes it one of the lowest-cost BTC mining companies globally.

Hut 8’s mining profit margin and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was lower during Q3 for a few reasons. The BTC price significantly appreciated through the quarter, while competition from other BTC miners increased. Another factor was the record high temperatures in Alberta, which resulted in increased electricity costs at Hut 8’s Drumheller facility.

The company expects that the efficiency of Application-Specific Integrated Circuit (ASIC) chips used to mine cryptocurrencies will rise during the colder months, which subsequently will improve performance in the next quarter.

Hut 8 launched its Medicine Hat facility in July in partnership with BTC mining equipment manufacturer BitFury. At that time, Hut 8 had mined around 1,000 BTC since its launch in December of last year.

Meanwhile, BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, announced it will close “indefinitely” at the end of November due to unknown “business adjustments.” BTCC nonetheless expressed a sense of optimism, hinting that the decision to close down was not strictly permanent.

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Author: Ana Alexandre