Analysis

Blockchain interoperability project Tendermint has raised $9 million in a Series A funding round led by technology-focused venture capital firm Paradigm. Announcing the news on Thursday, Tendermint said that other participants in the round included Bain Capital and 1confirmation, among others. The investment will go toward supporting the firm’s continued development of the Cosmos Network, expanding
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View Bitcoin’s daily trading volume remains elevated at highs above $10 billion, going against the technical theory that investor interest tends to drop during periods of consolidation. Therefore, the ongoing sideways trading near $3,900 may end with a bull breakout toward the recent high of $4,207. The recovery rally from the lows near $3,400 seen
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Famed Swiss investor, analyst and, until recently, crypto skeptic Marc Faber, 73, has bought his first bitcoin in another sign the old guard of investments is warming to crypto. Speaking to German finance website Cash, Faber revealed he recently bought bitcoin for the first time to learn more about cryptocurrencies and following some persistent and
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Hong Kong-based cryptocurrency exchange Gatecoin will shut down and enter liquidation after an unsuccessful attempt to recover funds lost in a dispute with a former payment services provider. Announced yesterday, the company distributed the message to customers via their corporate website. There, the team behind the project explained the suspension of the service occurred after
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The U.S. Senate voted today to block President Donald Trump’s emergency declaration at the United States-Mexico border. Following a weeks-long government shutdown and stalemate with House Democrats over funding to reinforce barriers on the southern border, Donald Trump invoked the Nixon-era National Emergencies Act of 1976. Under the old law, Trump claimed the power to
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Enterprise blockchain builder Digital Asset has seen yet more departures. First, Sofus Mortensen, product manager for DAML, DA’s open source smart contract programming language, has left the company. DAML or Digital Asset Modelling Language is an important part of DA’s strategy to spread its technology beyond the closed proprietary implementations the firm is working on with
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BitMax.io (BTMX.com), the industry-leading next-generation digital asset exchange, has announced a strategic partnership with Alluva, a blockchain-based product (web and DApp) that turns cryptocurrency investment market noise into actionable data. Alluva tokens will be primarily listed on the BitMax.io exchange on March 18th, 2019. Alluva is a blockchain-based product (web and Dapp) that allows users to
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The conviction of two former, high-ranking Russian cybersecurity officials for undisclosed acts of treason last month underscores deteriorating cybercrime cooperation between Washington and Moscow, as U.S.-Russia tensions have spiked to their highest levels since the Cold War. At the heart of this intrigue are Colonel Sergei Mikhailov, a former deputy director of the computer crimes
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The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro cryptocurrency. The Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has designated Evrofinance Mosnarbank – which is jointly owned by Russian and Venezuelan state-owned firms – to the Specially Designated Nationals List, as it
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The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow for broader participation in its network. Discussed Tuesday during a meeting of project managers working on the world’s second-largest blockchain, Ethereum Improvement Proposal (EIP) 1057, also known as Progressive Proof-of-Work (ProgPoW), has been long debated.
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The “first wave” of blockchain adoption will be led by permissioned platforms focused on specific use cases or user bases, according to a new EU report. The EU Blockchain Observatory and Forum published the “thematic report” last week, produced on its behalf by ConsenSys AG and titled “Scalability, Interoperability and Sustainability of Blockchains.” The document argues
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Bitcoin would survive a recession, while Ethereum would suffer and Ripple’s XRP would remain unaffected. That’s the prediction of Kyle Chapman, a partner with tech venture capital firm Cosimo Ventures. Chapman wrote in Barron’s that a recession would not hurt bitcoin because it’s decentralized and is mostly independent of the stock market’s cyclical undulations. Fed
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The adoption of cryptocurrencies in Venezuela, first due to hyperinflation and later due to dollarization, could come to play a role in the country’s economic rebuilding. At least that’s according to Venezuela’s most outspoken economist on the subject of cryptocurrencies, professor Aaron Olmos, who dissected the reasons for his country’s current dependency on the US
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