Crypto Report: Bitcoin in Demand; Update on XRP, Ethereum, Litecoin and Tron

Crypto Report: Bitcoin in Demand; Update on XRP, Ethereum, Litecoin and Tron

Latest updates on cryptocurrency prices and what’s happening in the world of crypto. Bitcoin/USD At the time of writing, Bitcoin has been trading at $3,630 while being down by 1.15% in the past 24-hours. The dip in price means Bitcoin price volatility has crashed in the last 12 months as the ongoing bear market kills the speculative activities. Bitcoin 24-hours price chart, Source: TradingView Meanwhile, Eric Thies, a cryptocurrency technical analyst says, “Similar to 2015, 2019 may be the year of accumulation.” The leading cryptocurrency is seeing huge demand as the newly launched Binance exchange that offers fiat-to-crypto trading pairs got a backlog of KYC verifications for registration as it received an overwhelming response. Ethereum/USD Ethereum is currently trading at $122 with 24-hours loss of close to 3 percent. This week the scheduled Constantinople hard fork got delayed due to the vulnerability found in EIP 1283. For now, the upgrade is not happening this we..
The ETF’s Just Got Interesting, SEC Freezing All Pending Proceedings As a Result of Govt. Shutdown

The ETF’s Just Got Interesting, SEC Freezing All Pending Proceedings As a Result of...

A release hit SEC’s website on early Jan 16, 2019, notifying the report on ‘Pending Administrative Proceedings. What is more interesting is what happens to filed ETF’s in case SEC does not reply back before the deadline? As per the resource, there are already 160 companies that have filed to get IPO with the SEC and the government closure is screwing it up all. What Does Freezing Proceedings Means For ETF Approval? Soon after the release, Jake Chervinsky who is a lawyer with Kobre & Kim clarified on Twitter that ‘SEC is freezing all pending administrative proceedings till further announcement’. He also informed that the commission has already canceled several meetings with government lawyers. Following his announcement on Twitter, a bunch of comments with queries came up. One such Twitter handle ask, ‘whether ETF will be approved automatically after 02/15 if Government still shut down? The question, was compelling because, on Jan 07, 2019, Jake claimed that the ‘technically ETF will..
Will Tether Do An Audit? Circle’s Audit Report For USDC Raises Pressure on Tether for Audit

Will Tether Do An Audit? Circle’s Audit Report For USDC Raises Pressure on Tether...

Tether is facing the same question again and again as its competitors are ticking all the right boxes what investors want. In less than 24 hours since Circle released its third independent audit report for its USDC, people have already started questioning Tether again to come out clean on its dollar balances that are currently backing Tether (USDT) in circulation. Tether Losing Market Share, conspiracies finally taking a toll onTether Tether was one of the first stablecoins that provided shelter to investors against the volatility of crypto markets. But as the coin became popular, the question started being raised on the coin’s credibility and its complete backing by the US dollar. The stablecoin was also connected to it being used for manipulation and rigging the Bitcoin prices, which skyrocketed to USD 20000, in December 2017. It’s been over a year since; the coin has not been able to come up clean on allegations. Recently, Circle, the company behind USDC released their third repo..

Cryptopia Alleged Hack: Police Are on the Case While Community Tracks Down Stolen Funds

New Zealand-based digital assets exchange Cryptopia was allegedly hacked on Jan. 15. In what seems to be one of the first major security breaches of 2019, New Zealand-based digital assets exchange Cryptopia was allegedly hacked this week. The platform reported the incident via Twitter on Jan. 15, mentioning “significant losses.” While the incident has been confirmed by the local police, many crucial details — including the amount and titles of stolen tokens — remain undisclosed. Brief introduction to Cryptopia, an essential exchange for altcoinsCryptopia Limited, the company behind the self-titled exchange, was registered in July 2014, and the platform itself was launched later the same year. It is run by founders Rob Dawson and Adam Clark, who initially started it as a hobby born out of negative experiences with other crypto exchanges. Around January 2017, they allegedly quit their full-time jobs to focus solely on Cryptopia. The firm’s office is located in Christchurch, Canterbury,..

BitTorrent’s Tron-Based BTT Token Integration Will Launch by Summer

BitTorrent Speed system, which will integrate the Tron-based BTT token into the popular µTorrent Windows client, will launch by summer. BitTorrent’s system dubbed BitTorrent Speed, which will integrate the Tron-based BTT token into the popular µTorrent Windows client, will launch by summer. The company has confirmed this in a press release shared with Cointelegraph on Jan. 19. BitTorrent Speed will issue cryptocurrency token rewards to users that serve content to others via the µTorrent network. The client’s users — which number more than 100 million, according to BitTorrent — will also be able to pay for faster downloads with the same tokens. The company also announced that to all accounts that are not based in the United States, the token will only be available for purchase on the Binance Launchpad platform. BitTorrent is a peer-to-peer (P2P) communication protocol for online file sharing, and the eponymous company that maintains it. The BitTorrent network is similar to Bitcoin in ..

Winklevoss Capital: Investors Are ‘Thoughtfully Dipping their Toes into Crypto,’ Not Taking the Plunge

Sterling Witzke, partner at Winklevoss Capital, says she doesn’t think 2019 will be the watershed year for institutional investors to get into crypto. Sterling Witzke, partner at the Winklevoss twins’ family office Winklevoss Capital, says she doesn’t think 2019 will be the watershed year for institutional investors to get into crypto. Witzke backed her claim by arguing that expectations are running ahead of facts on the ground. Witzke made her remarks during an interview with Cointelegraph at the Crypto Finance Conference in St. Moritz, Switzerland, Jan. 17. She argued that the upshot of the 2017 crypto market bull run — when Bitcoin soared to all-time highs of $20,000 a coin — has been a skewed perception of what it takes for traditional capital to embrace innovation: “Because the end of 2017 was so crazy, people tend to think the space moves at lightning speed [..] At the level of underlying [tech] development it [often] does [...] but I think it takes a while for institutions to ..

South African Gov’t Reveals It Has No Plans to Ban Crypto in Recent Consultation...

South African central bank has issued a jointly developed consultation paper, revealing that it does not intend to ban crypto. The South African Reserve Bank (SARB) has issued a consultation paper assessing the benefits and risks of cryptocurrencies. The paper, developed jointly with a number of the country’s government agencies, was announced in an official statement published Jan. 16. In the document, titled “Consultation Paper on Policy Proposals for Crypto Assets,” South Africa’s government clarifies that it does not intend to ban either cryptocurrency trading, or crypto payments at the moment. The consultation paper further proposes that all crypto asset trading platforms, as well as custodial services, payment service providers, and crypto ATMs, should be required to register with the the Intergovernmental FinTech Working Group (IFWG). IFWG was recently established by the South African government with the goal of fostering fintech innovation while maintaining uninterrupted func..

Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring

Crypto exchange Coinbase has acquired tech startup Blockspring, originally backed by venture capital firm Andreessen Horowitz. Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14. San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs). In 2015, the company raised $3.4 million in a round led by venture capital firm Andreessen Horowitz and seed-stage investment firm SV Angel, while also having support from venture fund Y Combinator. Following the acquisition, Blockspring will reportedly continue operating as an independent entity, while any changes to its business will not be binding on the company’s current and new customers. Last month, Cointelegraph reported that a new application filed by Coinbase with the United States Patent and Trademark Off..

Founder of Ethereum and ConsenSys Joe Lubin Joins Board of Directors of Crypto Startup...

Co-founder of Ethereum and ConsenSys Joe Lubin has joined the board of directors of cryptocurrency exchange ErisX. Founder of blockchain tech company ConsenSys Joseph Lubin has been appointed to the board of directors of cryptocurrency startup ErisX. The news was revealed in an official press release published Jan. 17. Cryptocurrency exchange ErisX is a reboot of a futures market Eris Exchange, originally established in 2010. In December 2018, ErisX raised $27.5 million from Fidelity Investments and Nasdaq Ventures. In 2019, ErisX is expected to being offering both spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), and futures markets. According to today’s announcement, Lubin has joined ErisX’s board of directors along with fintech entrepreneur Cris Conde. The company highlighted Lubin’s expertise and “extensive background working in the digital asset space.” ConsenSys’ CEO further projected that “2019 is likely to be a breakthrough year for digital assets.” Cris Conde..

Spanish Car Manufacturer SEAT Joins Alastria Consortium to Develop Blockchain Products

SEAT, the largest car manufacturer in Spain, has joined Alastria consortium focused on the development of blockchain technology. Spanish automobile manufacturer SEAT has joined Alastria consortium to work on the development of blockchain-based products. Cointelegraph in Spanish reported the news Jan. 16. Founded in 1950, SEAT is a state-owned industrial company and Spain’s largest car manufacturer. SEAT’s turnover reportedly reached a record figure of 9.552 billion euro ($10.878 billion) in 2017, which is 11.1% more than the year prior. Per the recent announcement, SEAT joined Alastria, a multi-industry, semi-public consortium backed by a national network of more than 70 companies and establishments. These include such major players as banks BBVA and Banco Santander, telecommunications provider Telefónica, energy firm Repsol and professional services company Accenture. The goal of the alliance is to promote the advancement and development of blockchain technology. As part of the coll..