Crypto News, Analysis, Forecasts, ICOs, and Events for the week ending 16 November 2018

Crypto News & Analysis Bitmain’s co-founder Jihan Wu has been removed from the director’s chair at Bitmain. It has been reported that Mr. Wu has been demoted to the position of supervisor and no longer has the authority to manage the day to day affairs of Bitmain. An unnamed source from Bitmain disclosed the functions and details of Mr Wu’s new role within the company. The source describes Mr. Wu’s demotion as follows:   After changing to a supervisor, there are no voting rights, so (Mr. Wu’s) power is smaller…

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Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 9 November 2018

    Crypto News & Analysis November is here and many are asking when will federally regulated cryptocurrency exchanges appear within the US. One of the key reasons the Securities and Exchange Commission gave for their denial of Bitcoin based Electronically Traded Funds (ETFs) was the fact that the underlying security or asset was not listed on a federally regulated exchange. ICE, The Intercontinental Exchange that owns and operates the New York Stock Exchange, and NASDAQ, the world’s 2nd largest Exchange qualified by its market cap value of US $10…

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Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 2 Nov 2018

  Crypto News & Analysis Coinbase raises US $300 million but will remain a private company. Coinbase is the most popular cryptocurrency exchange in the USA. It may also be one of the top 3 cryptocurrency exchanges in the world. There were reports and rumors that this crypto exchange would become a public entity in the next few weeks. But the President of Coinbase, Asiff Hirji says no, “There’s not going to be an IPO any time soon.”     Coinbase successfully raised $300 million through private Series E funding.…

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Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 26 October 2018

Crypto News and Analysis Sony has formally announced their plans to develop a wireless crypto wallet. Sony Corp is letting the world know how serious they are about being leaders in the sale of commercial products that will be utilizing blockchain technology. Plans to build the state of the art hardware wallet is where it all begins with Sony. Hardware wallets will be where the wealth of the 21st century will be stored. And Sony wants to have a strong presence near the wealth of all cryptocurrency owners.    …

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Bitcoin and Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 19 October 2018

  Crypto News & Analysis International Business Machines (IBM) has scheduled a demonstration of their own version of a blockchain based, global transfer, rapid payment platform. They have named it ‘The Blockchain World Wire'(BWW). Unlike Ripple’s xRapid platform, IBM’s system can handle cross border transactions with any cryptocurrency as a medium of exchange. Whereas it has been reported that the xRapid system is only able to handle cross-border payments using the XRP crypto.   Capitalism doesn’t work without competition. IBM’s BWW system will ensure that the price for the service…

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Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 12 October 2018

  Crypto News & Analysis Crypto crime has become an issue of mega proportions. The incidences of major crypto crimes do get reported. But the significance of their magnitude may be overlooked. Crypto criminals have been able to steal more than US $900 million in 2018. These high tech criminals have not been apprehended and are still on the loose pillaging security weaknesses involving cryptocurrency exchanges and unsuspecting crypto owners. In order to give you a better perspective, reported crypto crimes of 2017 totaled $266 million.     The crypto…

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Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 5 October, 2018

  Crypto News & Analysis   A historic event has occurred in the world of cryptocurrencies. Venezuela has gone full speed ahead and has endorsed their own national cryptocurrency, the Petro. The Petro does not fit the full definition of a decentralized cryptocurrency or a stablecoin. But what it does demonstrate is the willingness of an independent sovereign nation to adopt the use of a digital currency. And that fact is huge in the evolution of cryptos.     The concept behind decentralized cryptocurrencies was initially to be free from…

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Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 28 September 2018

  Crypto News & Analysis An Initial Coin Offering (ICO) that is compliant to the standards of the Securities and Exchange Commission is a newsworthy item. The funds being raised through ICOs around the world have been significant. The first 6 months of 2018 reigned in nearly US $14 billion dollars in funding through ICOs, almost double the total amount raised in all of 2017.     BlockSafe Technologies has announced the launching of their SEC approved Security Token Offering (STO). BlockSafe has been in the business of providing cyber…

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Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 21 September 2018

Crypto News & Analysis The government of Switzerland has announced that it plans to tokenize their national currency, the Swiss Franc. A cryptocurrency that is backed by a fiat currency is referred to as a stablecoin. The perception is that a tokenized fiat currency is less volatile in price swings than its purely digital counterpart. The stablecoin proposed by Switzerland will not be the first of its kind. There is a stablecoin backed by the United State Dollar, the Tether, the United States Dollar Token (USDT). The Russian government has…

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Crypto News, Analysis, Forecasts, ICOs and Events for the week ending 9/14/2018

    Crypto News & Analysis It’s ironic how the Chinese government restricts its citizens from engaging with cryptocurrencies, and at the same time, Chinese companies like Bitmain dominate the industry. The Chinese government has blocked access to 124 foreign cryptocurrency exchanges that offer their services to Chinese citizens. VPNs have helped Chinese traders of Cryptos get around the government imposed restrictions.   The Cryptocurrency Exchanges have also found ways to circumvent the ban by relaunching themselves with new domain names that are registered in other countries outside of China.…

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