Cryptocurrency news

• UPS Files Blockchain Patent to Increase Delivery Efficiency

  20-08-2018 23:30 via newsbtc.com
  Global logistics company UPS have recently applied for a patent to use blockchain technology in their delivery processes.
  Amongst other benefits, the company is hoping that the technological innovation will increase efficiency when routing packages across multiple carriers.
  UPS Patent Could Improve Efficiency of Delivery Services
  According to SupplyChainDive, UPS are looking to explore the implications of blockchain technology in a much wider capacity than was previously believed.
  The company jo
  
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• Softbank, Baidu Lead $3 Million Funding for Ex-Googler's Crypto Startup

  20-08-2018 23:30
  Atlas Protocol is getting initial backing from Softbank China Capital and BV (Baidu Venture), who are betting on onchain data as a marketing asset.
  
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• NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage,’ Wall Street Vet Warns

  20-08-2018 22:55
  When Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), announced that it was launching a bitcoin market, the move was met with enthusiasm by many within the cryptocurrency industry as a vindication of the legitimacy of the asset class. However, others, including some Wall Street veterans, warned that the “financialization” of
  The post NYSE Owner’s Bitcoin Market May Have ‘Hidden Leverage,’ Wall Street Vet Warns appeared first on CCN
  
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• Report: Crypto Hedge Funds Are Down 50% This Year

  20-08-2018 22:30 via newsbtc.com
  A new report has found that most crypto hedge funds are down by as much as 50% in 2018, following last year’s market bull run.
  Autonomous Next: Crypto Hedge Funds Are “Underwater”
  The report, released by crypto research and fintech analysis firm Autonomous Research LLP, delves into the tumbling cryptocurrency market and how crypto hedge funds have taken a significant hit since the start of the year.
  The report states that “most crypto funds” are down at least 5
  
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• Crypto Exchanges Join Winklevoss Backed Self-Regulatory Group

  20-08-2018 22:30
  Bitstamp, bitFlyer, Bittrex and Gemini launched a self-regulatory organization (SRO) for crypto exchanges on Monday.
  
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• When It Comes to Green Energy’s Blockchain Revolution, Lition Is Ahead of the Pack

  20-08-2018 22:07 via newsbtc.com
  In July, The Council on Foreign Relations (CFR) — a non-partisan US-based policy think tank published a report on the important role that blockchain technology could play over the next decade as global jurisdictions work to adopt more agile policies for renewable energy. It notes that “substantial investment is flowing toward ventures that apply blockchain technology to the electric power sector” and identifies the function that startups around the world are performing in helpi
  
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• Cryptocurrency Scams on the Rise in the UK – Britain’s Financial Conduct Authority

  20-08-2018 22:00 via crypto-news.net
  Reuters published a warning from Britain’s Financial Conduct Authority for investors on August 17th, informing them of an increase of cryptocurrency related scams which are leveraging celebrities and uptown London addresses to convince potential investors into buying into their scam.
  Similar warnings came out of BFCA’s online channels, and now once again on the 17th of August. The reasons for reposting the warning are unclear, but following the FCA’s comment which suggests that
  
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• Research Associate: Conversations Around Bitcoin and Energy Have Been Oversimplified

  20-08-2018 21:30 via newsbtc.com
  In the almost decade long existence of Bitcoin, the network has repeatedly come under fire for the large amount of electricity required to secure it.
  However, one researcher believes that the current discussion on energy use is largely redundant since it doesn’t take into account how the electricity itself is sourced or how technology evolves to become more efficient over time.
  Banking Uses More Energy Per Year than Bitcoin Mining
  It is no secret that the Bitcoin network uses a lot of elec
  
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• The SEC Is Weighing a Bitcoin Futures ETF – Here's What That Means

  20-08-2018 21:20
  The distinction between a physical and futures-backed ETF is worth unpacking given that one may or may not have a better shot at SEC approval.
  
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• Congressman Invites Cryptocurrency Industry to ICO Summit to Discuss ‘Light-Touch’ Regulation

  20-08-2018 21:11
  A U.S. Congressman has invited 32 cryptocurrency industry organizations to Capitol Hill to discuss initial coin offering (ICO) regulation. Axios reports that the summit, sponsored by Rep. Warren Davidson (R-OH), will take place on Sept. 25 and feature participation from a variety of businesses and non-profits, including Intercontinental Exchange (ICE), Nasdaq, CME Group, Andreessen Horowitz,
  The post Congressman Invites Cryptocurrency Industry to ICO Summit to Discuss ‘Light-Touch’ R
  
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• After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors - New York Times

  20-08-2018 20:47 via nytimes.com
  New York Times
  After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
  New York Times
  SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter. Now, eight months later, the $23,000 he invested in several digital ...
  After the bitcoin boom: hard lessons hit cryptocurrency investorsThe Seattle Times
  Blowing up in their faces: the cryptocurrency investo
  
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• Venezuela’s President Devalues Fiat Currency by 95%, Pegs it to Crypto ‘Petro’

  20-08-2018 20:35
  Over the weekend, Venezuelan President Nicolas Maduro began broad economic changes that ultimately ties Venezuela’s currency to the contentious ‘oil-backed’ cryptocurrency Petro. As CCN reported, President Maduro announced the plan last week and has followed through. As part of the fiscal changes, The Central Bank of Venezuela devalued the nation’s currency by 95% (about five
  The post Venezuela’s President Devalues Fiat Currency by 95%, Pegs it to Crypto ‘Petr
  
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• Major Crypto Exchanges Collaborate to Create Self-Regulatory Organization

  20-08-2018 20:00 via newsbtc.com
  Four major cryptocurrency exchanges are teaming up develop a self-regulatory organization (SRO) that would work cohesively to develop rules, regulations, and to set new regulatory standards for the cryptocurrency and blockchain industry.
  News of the potential SRO comes several months after the idea was first proposed by Cameron Winklevoss, co-founder of the Gemini exchange.
  The self-regulatory organization is called the Virtual Commodity Association Working Group. It will be working to draft, an
  
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• Tether’s Printing Press Has Churned Out $415 Million in August

  20-08-2018 19:47
  Controversial cryptocurrency company Tether has “printed” $415 million worth of new tokens in August, vaulting the so-called “stablecoin” into the eighth position in the market cap rankings. Tether Market Cap Hits All-Time High CCN reported last week that Tether had already issued close to $200 million worth of USDT in August, and the firm kept
  The post Tether’s Printing Press Has Churned Out $415 Million in August appeared first on CCN
  
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• MOAC @ Blockchain Futurist Conference in Toronto

  20-08-2018 19:44
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
  The post MOAC @ Blockchain Futurist Conference in Toronto appeared first on CCN
  
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• Bakkt CEO: Crypto Trading Platform Won't Support Margin Trading

  20-08-2018 19:35
  Two weeks after ICE introduced Bakkt, a new digital assets platform, the latter's CEO has set out to explain what the service will offer consumers.
  
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• Noah Coin Gets Listed on Coinpayments to Become Available to Millions of Merchants

  20-08-2018 19:31
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
  The post Noah Coin Gets Listed on Coinpayments to Become Available to Millions of Merchants appeared first on CCN
  
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• Fast Growing Coin Arrives on Coinexchange | Payday Coin

  20-08-2018 19:26
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
  The post Fast Growing Coin Arrives on Coinexchange | Payday Coin appeared first on CCN
  
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• Cryptocurrency Price Indexes, Explained - Cointelegraph

  20-08-2018 19:22 via cointelegraph.com
  Cointelegraph
  Cryptocurrency Price Indexes, Explained
  Cointelegraph
  It's a website or platform that lists the price and capitalization info of various cryptocurrencies. Popular examples are CoinMarketCap, WorldCoinIndex and CryptoCompare. These sites are mainly used for the instant price information they provide on ...and more »
  
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• Korean Pop Stars Connect with Fans Using Blockchain Virtual Gifts

  20-08-2018 18:47
  This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
  The post Korean Pop Stars Connect with Fans Using Blockchain Virtual Gifts appeared first on CCN
  
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• U.S. Cryptocurrency Exchanges Set to Meet in September to Discuss Self-Regulation

  20-08-2018 18:36
  A working group led by cryptocurrency exchange Gemini will hold its first meeting in September to discuss forming a self-regulatory organization (SRO) to oversee the burgeoning U.S. crypto trading market. Announced on Monday, the Virtual Commodity Association (VCA) initially includes participation from four cryptocurrency exchanges that serve U.S. customers: Gemini, Bitstamp, Bittrex, and bitFlyer USA.
  The post U.S. Cryptocurrency Exchanges Set to Meet in September to Discuss Self-Regulation app
  
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• Blockchain Enters 'Trough of Disillusionment' on Gartner's Hype Scale

  20-08-2018 18:35
  Interest in blockchain technology is waning, research firm Gartner said in its latest "Hype Cycle for Emerging Technologies" report.
  
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• Crypto Scam: Head of BitConnect India Arrested at Delhi Airport

  20-08-2018 17:59 via feedproxy.google.com
  
  Divyesh Darji, the head of BitConnect India and the alleged kingpin of a cryptocurrency scam that duped investors out of billions of dollars, was arrested on Saturday by the Gujarat Criminal Investigation Department (CID) at the Delhi airport. Inspector P G Narwade of CID crime of the Gujarat police said Darji was living in Dubai […]
  The post Crypto Scam: Head of BitConnect India Arrested at Delhi Airport appeared first on Coinjournal.
  
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• BIG Token Offering Bitcoin to Three Members

  20-08-2018 17:59
  This is a sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Social Reality, Inc.’s (NASDAQ: SRAX) blockchain identification graph platform, BIG, is about to enter its Beta testing phase in September. The three most active members have the unique opportunity
  The post BIG Token Offering Bitcoin to Three Members appeared first on CCN
  
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• Made in Colombia, Backed by Emeralds: Gemera Crypto Tokens Available September 10th

  20-08-2018 17:42
  This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Gemera, the much-anticipated crypto token fully backed by physical emeralds mined in Colombia, has finally announced its pre-sale scheduled for September 10th, 2018. To celebrate the occasion, all
  The post Made in Colombia, Backed by Emeralds: Gemera Crypto Tokens Available September 10th appeared first on CCN
  
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• SEC Faces Thursday Deadline for ProShares Bitcoin ETF Decision

  20-08-2018 17:30
  The SEC will approve or disapprove a rule change proposal to list the ProShares Bitcoin ETFs sometime this week.
  
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• Bitcoin Price Intraday Analysis: BTCUSD Could Attempt Breakout

  20-08-2018 17:27
  Bitcoin has neither dumped nor has broken its crucial resistance level since August 15. The BTC/USD on Monday started with a bullish promise after snoozing through the whole weekend. The pair confirmed 6346-fiat as a strong support and rose 3.5 percent during the early Asian trading session. As the day progressed, bulls began to lose
  The post Bitcoin Price Intraday Analysis: BTCUSD Could Attempt Breakout appeared first on CCN
  
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• Blockchain Firm to Raise $24 Billion for Electric Bus Upgrades in China

  20-08-2018 17:00
  A blockchain and AI technology firm has scored a major deal to help provide the financing as China upgrades its buses to run on electricity.
  
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• Coinbase Trading Drops 83% Since January, Offshore Cryptocurrency Exchanges Make Gains

  20-08-2018 16:21
  Cryptocurrency exchange giant Coinbase might, as market research firm Bernstein recently said, be on the cusp of assembling an “unassailable” market share in the U.S., but that doesn’t mean that the San Francisco-based firm isn’t struggling to maintain consumer activity during the current downturn. Citing data from CoinApi, cryptoasset research firm Diar reports that USD-denominated
  The post Coinbase Trading Drops 83% Since January, Offshore Cryptocurrency Exchanges Make
  
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• eToro Adds Twelfth Cryptocurrency to Trading List – MIOTA

  20-08-2018 16:10
  This follows the listing of MIOTA on Upbit, one of South Korea's most popular cryptocurrency exchanges.
  
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• District Judge Forms Blockchain Law Study Group in South Korea

  20-08-2018 16:00
  A group of judges, lawmakers and industry experts in South Korea are forming a new law society to discuss legal issues surrounding blockchain.
  
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• China’s Latest Blockchain Rankings Pins EOS on Top, Bitcoin at #10

  20-08-2018 15:22
  China has released its blockchain rankings for August, rating public blockchain networks like Bitcoin and Ethereum based on their application and technology. The rankings, created by China Electronic Information Industry Development Research Institute and the China Software Testing Center, featured the contributions of professors and researchers at the country’s most prestigious educational institutions including Tsinghua
  The post China’s Latest Blockchain Rankings Pins EOS on Top, B
  
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• Tezos Wins Listing on South Korean Exchange, Gains Access to Won

  20-08-2018 15:21
  After a very bad year, this is a much-needed shot in the arm for Tezos.
  
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• Nvidia Pulls Out of Crypto Mining Citing Low Revenue, While Bitmain Tops Their Profits

  20-08-2018 15:07 via newsbtc.com
  The persistent bearish mood of the crypto market where Bitcoin has slipped below the psychological price point of $8,000 has taken a toll on the stock price of Nvidia. The graphics chip manufacturing giant is considering taking cryptocurrency mining production off its budget.
  Nvidia Stock Price Drops
  Nvidia witnessed massive growth in 2017, which was propelled by the demand for its high-end Graphics Processing Units (GPUs), that are used for cryptocurrency mining. However, the company’s st
  
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• Bitcoin's Lightning Network Is Getting Its Own Hacker Camp

  20-08-2018 14:59
  Chaincode is launching a new "residency" in New York that will focus on helping developers build their own Lightning Network apps
  
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• How Countries Can Develop Sovereign Crypto Economies Efficiently And Cost-Effectively

  20-08-2018 14:44 via feedproxy.google.com
  
  There are many countries today that still don’t have a currency of their own including Ecuador and Marshall Islands. Many of them are small countries that can’t afford expensive printed FIAT currency management. The emergence of sovereign cryptocurrencies has presented a new way for countries to be currency independent and form a new identity as […]
  The post How Countries Can Develop Sovereign Crypto Economies Efficiently And Cost-Effectively appeared first on Coinjournal.
  
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• New Partnership Enables Automatic Bill Payments Using Bitcoin in Australia

  20-08-2018 14:30
  Australians wishing to pay their bills in cryptocurrencies do not have to be held back by the fact that their utility or service provider is stuck with traditional methods of payment. This follows the formation of a partnership between two financial technology firms, cryptocurrency exchange Cointree and automated billing platform Gobbill, allowing the payment of
  The post New Partnership Enables Automatic Bill Payments Using Bitcoin in Australia appeared first on CCN
  
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• SBI Holdings Again Invests in Crypto Exchange Under Scrutiny

  20-08-2018 14:00
  SBI Holdings is making a new round of investment in a cryptocurrency exchange that's under increased scrutiny from the country's financial regulator.
  
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• VERSES Pioneers Global Augmented and Virtual Reality Economy Powered by Blockchain Technology

  20-08-2018 13:58 via feedproxy.google.com
  
  VERSES has showcased its virtual and augmented reality protocols to power a new economy of tradable digital assets in the form of holographic avatars.  VERSES is looking to create a marketplace in which the physical and virtual worlds interact seamlessly, with blockchain technology powering a new generation of secure digital trade and immersive experiences. The […]
  The post VERSES Pioneers Global Augmented and Virtual Reality Economy Powered by Blockchain Technology appeared first on
  
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• Bridging The Gap: Why More Brands Are Bringing Blockchain To The Loyalty Industry

  20-08-2018 13:38 via feedproxy.google.com
  
  The underpinnings of loyalty rewards programs date as far back as 1793 when a merchant in the US began handing out copper tokens to his customers, which they could then exchange for items in the store, thus enticing customers to return time and time again. The idea caught on and the rest is history! While […]
  The post Bridging The Gap: Why More Brands Are Bringing Blockchain To The Loyalty Industry appeared first on Coinjournal.
  
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• Bitcoin Price Shows Stability as Crypto Market Sees Minor $6 Billion Drop

  20-08-2018 13:26
  Over the past 24 hours, the crypto market has lost $6 billion from its valuation, experiencing a slight drop after a solid corrective rally by Bitcoin. While Bitcoin recorded a small gain of 0.5 percent, other major cryptocurrencies including Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, and Cardano fell by 1 to 4 percent, affecting
  The post Bitcoin Price Shows Stability as Crypto Market Sees Minor $6 Billion Drop appeared first on CCN
  
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• A Mining Firm Receives Bomb Threat for Making Noise

  20-08-2018 13:17 via crypto-news.net
  A Norwegian mining firm received a bomb threat on 11th August 2018, which was explicitly related to the amount of noise being produced as a result of mining. If you have ever lived near a mining rig, you must be aware that it happens to be one heck of a hardware and if several machines are to work together, it could ‘sabotage the peace’ for some people, as claimed.
  Kryptovault has scaled up its operations in an array of cities across Norway and after a local paper reported on its wor
  
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• Three Arrested in China Over $87 Million Cryptocurrency Hacking Theft

  20-08-2018 13:10
  Yet another example of hackers making millions through malware.
  
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• Bitcoin Awaits Decisive Move as Price Range Tightens

  20-08-2018 13:00
  Bitcoin's corrective rally from the recent low of $5,859 would resume on bull pennant breakout.
  
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• Pure Diamond Farm Singapore to Create Affordable Lab-Grown Diamonds on the Blockchain

  20-08-2018 12:55 via feedproxy.google.com
  
  Diamonds are a girl’s best friend is a popular saying that has become a well-known anthem for steadfast relationships. Yet, even though people put trust into a diamond they are buying, how can we be sure that it has been ethically sourced and is genuine? Not only that but is there a cheaper alternative available? […]
  The post Pure Diamond Farm Singapore to Create Affordable Lab-Grown Diamonds on the Blockchain appeared first on Coinjournal.
  
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• Intel, Microsoft Took 10+ Years to See Gains, Crypto Investors in Good Position

  20-08-2018 12:37 via newsbtc.com
  As the crypto market fell from 2018’s all-time highs, many short-sighted investors began to declare that “prices would never recuperate.” While this bearish sentiment is the byproduct of the unwarranted elation and irrational exuberance experienced in 2017’s bull run, many industry leaders have continually noted that crypto’s journey to worldwide acceptance won’t happen overnight.
  “Change Your Outlook. Bravery Will Return Massively”
  “Bit
  
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• Venezuela Devalues Bolivar by 95%, Pegs it to ‘Petro’ Cryptocurrency

  20-08-2018 12:33
  The government also raised the minimum wage by 3000 percent in a series of desperate measures.
  
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• South Korean Businessman Loses US$2.3 Million in Bitcoin-Fiat P2P Scam

  20-08-2018 12:09
  An offline peer-to-peer exchange of bitcoin to fiat turned sour for a South Korean businessman after it emerged that the euros he had swapped for his cryptocurrency holdings were fake. According to Agence France-Presse (AFP), the Singapore-based South Korean businessman who runs a cryptocurrency firm intended to exchange the bitcoins worth approximately US$2.3 million for … Continued
  The post South Korean Businessman Loses US$2.3 Million in Bitcoin-Fiat P2P Scam appeared first on CCN
  
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• 21-Year-Old Trader Prosecuted Over Bitcoin Money Laundering

  20-08-2018 11:40
  A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin.
  
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• Head of BitConnect India Arrested, Police Working to Unravel Scheme

  20-08-2018 11:34
  The crackdown on the "crypto currecy revolution [sic]" continues.
  
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