In a potentially risky move, the 15 member nations of ECOWAS – Economic Community of West African States – have agreed to launch Eco, a “common currency” similar to the method the EU uses. Eco is expected to make its debut in January 2020. In an attempt to create more frictionless trade, West African leaders
Month: June 2019
Bitcoin is on fire this year but you can’t quite call it a “crypto comeback”… just yet, as The Wall Street Journal points out. Investors are starting to doubt a corresponding return in alternative cryptocurrencies, and for good reason. Altcoins are still well off their 2017 highs. Many alts have, in fact, gone to zero
Despite bitcoin’s (BTC) recent price surge, the download count of cryptocurrency-related mobile applications is not increasing, Bloomberg reports on June 28 Data form mobile app analytics firm App Annie shows that, while in the first half of 2018 there were 65.8 million cryptocurrency-related app downloads, in the first six months of this year there were
Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin falls by $1,400 after crash of major crypto
As the U.S. and China resume trade talks following the highly anticipated G20 summit, the Dow Jones and the rest of the U.S. equities market have shown strong recovery. In the past 30 days, the Dow Jones has rebounded from 24,819 points to 26,599 points, recording its best June in 81 years. The U.S. has
The major selling point of blockchain and its applications is that cryptographically secured distributed ledgers are virtually “unbreakable” under normal circumstances, given the current state of computational technology. Its validity, however, is heavily dependent on the “state of technology” assumption. Should a paradigmatic shift in computing occur, contemporary blockchain-based systems may become vulnerable to threats
After struggling to receive recognition of legitimacy within the mainstream zeitgeist during its sophomoric years, distributed ledger technology (DLT) now comprises the driving force behind a new wave of technological creative destruction. Today, we are going to take a look at some of the industries and processes that are most dramatically undergoing a transformation in
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Several high-value bitcoin (BTC) transactions were included in a single block on June 30. Bitcoin Block Bot, a Twitter account dedicated to reporting significant bitcoin (BTC) transactions reported that 25 bitcoin transactions worth $6 billion were included in block 583,139 on June 30. Cryptocurrency news outlet AmbCrypto reported that all the transactions formed a bigger,
Facebook has removed ads for a bitcoin (BTC) scam that masqueraded as posts by the crown prince of Abu Dhabi, UAE news site The National reports on June 30 According to the report, a recent scam on social media — dubbed “Bitcoin Loophole” — claimed that Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi
CPChain (Cyber Physical Chain) just launched its mainnet, successfully producing blocks as of 6/27/2019 03:18 AM UTC+8. CPChain ushers in a new and fast solution for real-time data keeping compatible with the Internet of Things, offering an immutable record and fast connectivity to a distributed network. CPChain’s mainnet aims at the goal of uniting blockchain,
China appears to be head and shoulders above the rest of the world when it comes to new ways of processing financial transactions. Digital payments are booming in the hybrid communist-capitalist country, so much so that facial recognition payments are already a thing: The new way to pay in China. No card, no phone, just
Last week the pseudonymous developer who created the Crescent Cash wallet, Pokkst, announced the launch of a new tipping service called Tipbitcoin.cash. The tool gives anyone the ability to tip their favorite streamer on Twitch using bitcoin cash. Also Read: Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque Meet the Bitcoin Cash
A New York resident has filed a lawsuit against crypto exchange Bittrex for allegedly withholding funds, industry news outlet The Block reports on June 30. Per the report, the plaintiff claims to have deposited $120,000 onto her Bittrex account in August 2018 and that the company suspended it and refused to release the funds until
Sunday, June 30 — most of the top 20 cryptocurrencies are reporting are seeing losses at press time, as markets are sloping downward. Market visualization courtesy of Coin360 Bitcoin (BTC) is currently down 7.33% on the day, trading around $11,103 at press time, according to Coin360. Looking at its weekly chart, the coin is up
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. From being outright dismissive of cryptocurrencies to adopting
It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand. Such a level of energy consumption is not only a problem for the existential issue of climate change, but also threatens the sustainability of the entire bitcoin (and crypto) economy. If bitcoin mining becomes
If you can’t beat ’em, join ’em. That’s the prevailing mindset on Wall Street when it comes to crypto. The latest to (re)-hop on the bitcoin/blockchain bandwagon is Goldman Sachs CEO David Solomon. Solomon: All the Big Dogs Are Considering Crypto Solomon told French financial newspaper Les Echos that Goldman Sachs is “absolutely” considering its own
Given the meteoric rise in the value of the cryptocurrency market since the turn of the year, one might assume every major altcoin recorded growth in the six months since January 1st. Yet a glance at the year-to-date figures for coins in the crypto market cap top 100 tells a different story. Many household-name cryptocurrencies
Shin’ichirio Matsuo is a research scientist in cryptography and information security at Georgetown University and a co-founder of the BSafe.network, a global blockchain research test network used by 25 universities. Since 2015, when bitcoin became an issue for regulators like the state of New York, the regulation of cryptocurrency (the G20 now calls it as
The increased penetration of cryptocurrency in the digital payment arena appears to be affecting the landscape of cross-border remittances. Financial institutions and other mainstream establishments are now jostling with blockchain startups for control over an industry that could possibly experience massive growth over the next few years. With more participants comes greater competition and an emphasis on creating
Last weekend, two privacy coin conferences heralded the future of cryptocurrency governance: the hybrid startup model versus grassroots experimentation. Over 200 people gathered in Croatia for Zcon1, organized by the nonprofit Zcash Foundation, while roughly 75 attendees gathered in Denver for the first Monero Konferenco. These two privacy coins are fundamentally different in a variety
Litecoin price(LTC) was trading at $134.47 by 09:30 UTC on Sunday, up 13.03 percent on a 24-hour adjusted timeframe. The move uphill pushed Litecoin’s market capitalization to approx $8.18 billion, or 2.36 percent of the net cryptocurrency market valuation. At its top, Litecoin’s market worth was $19.9 billion. Litecoin is trading in a range defined
Facebook has taken down a sponsored post scammers shared with hundreds of thousands of unsuspecting users. The fraudsters used the post to attract victims to a fake bitcoin trading platform they marketed with Sheikh Mohamed bin Zayed, the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces. ‘My way of giving
THE LAST 24h in bitcoin reminds me exactly how 2107 bitcoin price went to the moon, but the bitcoin pumpamentals this time are much better they are much stronger and i firmly believe that bitcoin price will hit $100000 on this next bull run. in todays bitcoin altcoin and cryptocurrency video i discuss bitcoins price
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As the G20 leaders’ summit came to a close, the nearby V20 summit concluded with a set of promises for the crypto industry in response to the global crypto standards set by the Financial Action Task Force. A group of national crypto associations aims to engage with government agencies and global policymakers to ensure the
Speaking to Cointelegraph at Blockchain Week Rome, Teck Chei, partner at Binance Labs, said that he sees Facebook’s Libra Project at a step forward for crypto and increasing public awareness. In Chei’s own words: “I think having a company like Facebook, with such tremendous reach and distribution, into all different countries around the world –
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