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Monthly Archives: March 2018

Stellar [XLM], Cardano [ADA], & Ethereum [ETH] Price Update

This week the entire cryptocurrency market hit a year low and closely scraped going under the $250 billion mark. Source: CoinMarketCap Many speculate that the reason for this week’s dip is due to the Bitcoin futures, but the impact the futures have on the greater market remains a mystery to most. Most coins within the top 100 are in the green today, let’s take a look at a few that are outperforming the rest. Stellar [XLM]  It was just announced that the tech giant IBM (NYSE:IBM) have begun getting serious about cryptocurrency and more specifically expanding its partnership with Stellar. The partnership was made public last October, and currently, IBM is running nine Stellar nodes. These nodes are used for cross-border payment trials across the U.S, Australia, Brazil, and China. Jesse Lund, IBM’s new head of blockchain development, spoke to Coin Desk and said: “We’re seeing tons of demand for digital asset issuance across the board. What’s happening is there’s this emergence of a new segment that could actually be one of the biggest segments, that is a permissioned but public blockchain network typology.”  That being said, IBM remains open to working with various blockchain projects rather than just putting …

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China to Strengthen Cryptocurrency Regulations in 2018

Regulation The People’s Bank of China (PBOC)’s Institute of International Finance has released a report identifying cryptocurrencies as a top priority for 2018. The document claims that widespread retail investment into cryptocurrencies has the potential to pose systemic risk to the Yuan, and also emphasizes the PBOC’s intention to expand its research and development into cryptocurrencies. Also Read: FBI Warns of Crypto Scammers Posing as Exchange Support Staff  Strengthening of Virtual Currency Regulations Top Chinese Monetary Policy for 2018 The report emphasizes the risks perceived to be associated with virtual currencies by the Chinese government – specifically the potential for price volatility to manifest systemic risk to the yuan in the event of widespread retail investment, the potential for criminal misuse, and the lack of a robust regulatory framework providing consumer protections to investors. The document advocates the strengthening of China’s regulatory framework regarding cryptocurrencies, calling for the development of a comprehensive procedure for monitoring the circulation of virtual currencies. The report also supports propositions that the G20 should lead efforts to establish a global regulatory framework with regards to digital currencies, advocating information sharing and cooperation between international regulatory institutions regarding digital currencies. The report asserts that …

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TRON [TRX] Test Net Launched

The long-awaited Tron [TRX] test net has officially launched. Watch on #Periscope: #TRON testnet is launched! #TRX $TRX https://t.co/3G7jginnr5 — Justin Sun (@justinsuntron) March 31, 2018 Justin Sun, Tron’s founder, announced the test net launch via periscope, shown above. It happened just a little over an hour ago, and it is the first major step in the team’s roadmap. The Tron team even placed the announcement in Times Square today. >> Tron Dogs Breeding Launched The Tron foundation seeks to become a decentralized content entertainment platform built on the blockchain. Its ambitious goal is dedicated to hopefully build the infrastructure for a truly decentralized internet. The Tron team seeks to give power back to the creator. Like many big platforms that we use daily like Youtube, the creators on the platform, YouTube stars, don’t have any say as to how much they can get paid by the platform. While its a very ambitious goal and one that won’t be completed for years, the Tron executives made finding top developers their top priority post-ICO and they’ve done just that. You can view what the development team had to say about the test net launch, below. DECENTRALIZE THE WEB#TRON https://t.co/9wa6s84BKc — Justin …

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Bitkan CEO Discusses China, Bitcoin Cash, and the ‘K Site’

Interview During the Satoshi’s Vision Conference in Tokyo, news.Bitcoin.com spoke with the CEO of Bitkan, Fang Yu, about the recent regulatory actions against cryptocurrency exchanges in China alongside her company’s new venture a vertical paid market called the Bitkan ‘K Site.’ The project will attempt to establish a decentralized media outlet that offers incentives to content creators, readers, and the sharing economy. Fang Yu explains that the K Site will also provide a native token called ‘KAN,’ a micro-blog, videos, articles, Q&A forums, and more. Also read: Massachusetts Censures Five ICO Crypto Startups in a Single Day Bitkan plans to launch the K Site around April 20th, and the token will be cross-funded and not sold as an initial coin offering (ICO). The project is backed by investors such as Bitmain, IDG, FBG, Huobi, and others. The Shenzhen-based company’s CEO Fang Yu believes that a free and equal community culture is needed online and one that is reward based. This way a community can reflect on the ecosystem’s actual business instead of a community built on artificial demand.         Bitkan’s CEO Fang Yu Discusses the Upcoming ‘K Site’  News.Bitcoin.com (BC): What happened last year with Bitkan’s OTC exchange? Fang …

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Chinese Investors Use Wechat Brokers to Bypass ICO Ban

Crowdfunding Reports have alleged that many Chinese cryptocurrency investors are seeking middle-men agencies on Wechat to facilitate their transactions in order to bypass the nation’s prohibitive virtual currency regulations and access exposure to initial coin offerings (ICOs). Also Read: Ford to Use Cryptocurrency for Inter-Vehicle Communication System ICO Token Brokerages Allow Chinese Investors to Bypass Ban According to The South China Morning Post, China’s ICO ban has given rise to an industry of agencies providing brokerage services to Chinese investors seeking to invest in initial coin offerings. Said cryptocurrency middle-men are reported to be promoting their services via popular social messaging app Wechat, and are charging a significant premium for the service. One agency, An Hui Tian Ce Blockchain charges upward of ten percent on investments made in ICOs using its services. A representative of the agency indicated that clients make all payments in advance using Ethereum. Dragonsocial, a Hong Kong-based marketing firm that specializes in assisting ICOs to promote their token sales to Chinese investors, has devoted resources to the development of what it describes as “cryptocurrency communities” on Wechat. ICO Brokerage Agencies Advertise on Wechat Dragonsocial’s operations officer, Cao Ming Xiu, stated that “Lots of companies …

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Crypto Madness Day 14 | Sapien ICO vs. Truegame ICO

Welcome to Day 14 of Crypto Madness – Semi-Finals Round 2! We at cryptocurrencynews.com, CCN, are pleased to bring the fans the ICO showdown. Today’s competitors: Sapien ICO vs. Truegame ICO. It’s our second and final round of semi-finals. Who will make it to the finals? Vote for your favourite to push them forward! Check out Day 13 of Crypto Madness The Rules Each match-up winner will not be based on the project’s specific concept, whitepaper, or team. Instead, in the ultimate test, the winner will be decided by popular vote. That means it’s up to you, the fans, to push your favourite ICO to the finals. Polls will be posted on our website’s Twitter page – @cryptonewsmag. Each poll will be open for 24 hours, starting at 9 AM PDT. Votes will be tallied after each poll closes and the winner will be announced in the next day’s post. The more exposure the specific Twitter poll receives, the greater the odds of your favourite ICO moving on – hence the power of the retweet. For those unfamiliar with the ICOs in the day’s matchup, we will provide educational content and details of each project. That way, you still partake in the day’s poll, while learning about new and upcoming coins in …

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Testing Cryptocurrency Atomic Swaps With Barterdex

Reviews The method of atomic swap trading within the cryptocurrency space has become a hot subject, and a few software development teams have been working on this type of cross-chain technology. One group is Komodo, the creators of the decentralized exchange ‘Barterdex.’ The trading platform reveals a total of 90,663 successful atomic swaps have been executed using Barterdex, so news.Bitcoin.com decided to give the user interface and software a test. Also Read: Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether Pairs Test Driving the Komodo Platform Barterdex A few weeks ago in Mexico news.Bitcoin.com had a chance to see a walkthrough of an atomic swap between bitcoin cash and two other cryptocurrencies. A Komodo developer showed us the ropes of how to trade and how the platform’s decentralized order book works. When returning from Mexico news.Bitcoin.com decided to see how easy it was to use without any guidance so our readers can get an in-depth look at this technology. Barterdex stats on March 29, 2018. The Komodo project is a public blockchain with an associated token called KMD, and the team has also created a decentralized exchange platform called Barterdex. The open source software allows …

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Eurasian Blockchain Association | To sue Social Media “cartels”

A few hours ago the Russian portal TASS published an article in which they mentioned that the Russian Association of Cryptocurrency and Blockchain (RACIB), The Korea Venture Business Association and LCBT – a Chinese association of crypto-investors, have joined forces to create a group. This group plans to unite over crypto initiatives and care for the interests of crypto adopters of both continents. They have called itself; the Eurasian Blockchain Association (Евразийская ассоциация ассоциация блокчейна). One of the first tasks this organization has set itself is to prepare a lawsuit against large social networks and search engines for arbitrarily banning advertisements that promote cryptocurrencies. According to the conglomerate of organizations, such large companies took advantage of their condition of market monopolizers to intervene in it, causing potential damage to investors and developers of ICOs and tokens in general: “We believe that this is the use of the monopoly position of the four companies that entered into a cartel with each other to manipulate the market. The ban on these four organizations led to a significant drop in the market in recent months,” Said Yuri Pripachkin, president of the organization The conglomerate seeks to bring an action against Facebook, Twitter, Google …

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Newegg Enables Cryptocurrency Payments for Canadian Customers

News On March 28 the popular online electronics merchant Newegg announced its now allowing residents from Canada the ability to pay for goods using cryptocurrencies. Through its partnership with the payment processing firm Bitpay, the company feels its the right time to offer Canadian customers the ability to pay for items with the digital currencies BCH and BTC. Also Read: Steven Seagal Karate Chops Bitcoin ICO Goodbye Broadening Acceptance of Bitcoin to Our Customers in Canada The e-commerce store Newegg has accepted BTC in the U.S. since 2014 and was one of the earliest electronics merchants to take cryptocurrency for payments. According to the firm’s recent announcement since then digital currency transactions have represented a “growing stream of purchase transactions.” Following this trend, Newegg states that is now offering Canadian customers the ability to pay with BCH and BTC. The firm details that cryptocurrencies have grown more popular over the last year with “increasing mainstream awareness.” Danny Lee, Newegg’s CEO explains during the announcement: In 2014 Newegg was among the first major companies to offer customers a bitcoin payment option — Since that time the value of bitcoin has skyrocketed and customers holding bitcoin have considerably more …

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Bitcoin Price | Under Pressure Due To Death Cross Concerns

Bitcoin price plummeted sharply today after trading in the narrow range of $8,000 level on Wednesday. The latest selloff isn’t due to ads bans, regulators clampdown or warnings; the downtrend was purely supported by traders concerns over the technical factors on price charts – market participants are predicting a massive crash in BTC price in the days to come, driven by a Death Cross trend. Bitcoin price declined more than 7% today, down 15% in the last seven days. TV analyst Abigail Doolittle said, ‘the “death cross” trading data for bitcoin, suggests that we could see bitcoin go all the way back below $1,000 per bitcoin”. Source Image: bitcoincharts.com A death cross trend happens when the 50-day moving average (MA) cuts the 200-day MA from the top – suggesting a considerable drop in price based on technical factors. Bitcoin price chart clearly shows that the 50-day moving average is likely to cut the 200-day moving average from the top, which is creating a long-term bearish pattern for BTC price. “That being said, any time the 50-day crosses the 200-day, it should flash a warning…and when you couple that with the fact that bitcoin has been trending steadily lower since the launch of futures, …

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