Monday, November 19Your Daily Bitcoin & Altcoin News Portal

ALTCOINS

The Open ANX Foundation Closes Token Sale Ahead of Schedule

The Open ANX Foundation Closes Token Sale Ahead of Schedule

ALTCOINS
The openANX Foundation Limited closed the OAX Token Sale ahead of schedule after surpassing its initial funding goal. openANX technology addresses in a distributed manner credit risk markets, transparent collateral ratings for Asset Gateways. openANX is building a decentralized platform for the exchange cryptographic assets, including strong consumer protection and transparency “hardcoded” into the infrastructure. Such measures include collateral-backed asset gateways, credit risk trading, liquidity aggregation and an open-source code base. openANX is overseen by ANX International, which was founded in 2013 and represents one of the earliest bitcoin companies. The Hong Kong- based company is a market leader in blockchain and operates ANXPRO, one of the first bitcoin trading platf
CryptoGirl
Goldman Sachs Granted ‘SETLcoin’ Cryptocurrency Patent

Goldman Sachs Granted ‘SETLcoin’ Cryptocurrency Patent

ALTCOINS
Investment bank Goldman Sachs has been awarded a patent for its proposed “SETLcoin” cryptocurrency settlement system. The US Patent and Trademark Office (USPTO) published Goldman’s patent on July 11, entitled “Cryptographic currency for securities settlement”. The bank made headlines when the existence of the patent application was revealed in late 2015. The concept envisions a system for settling securities trades using a built-in cryptocurrency. When filed in December of that year, the application notably outlined methods for exchanging SETLcoins for digitized stocks for firms like Google and Microsoft, as well as cryptocurrencies, naming bitcoin and litecoin in particular. Here’s how Goldman describes the system: “[A] SETLcoin wallet can house a single security or multiple
CryptoGirl
Why Brave’s $35 Million ICO May Not Be Enough for a High-Tech Hiring Spree

Why Brave’s $35 Million ICO May Not Be Enough for a High-Tech Hiring Spree

ALTCOINS
Ad-blocking browser startup Brave is having trouble spending the millions of dollars it recently raised via an initial token offering (ICO) on the ethereum blockchain. After attracting what was then valued at $35m by selling cryptographic assets aimed at monetizing online user behavior, the startup today posted the first of a series of job posts that would double the startup’s size. However, after having privately been on the hunt for talent for weeks, Brave founder Brenden Eich is cautious about how quickly he’ll be able to find the much-needed talent. In the wake of a historic year of ICO fundraisers, the competition for talent has reached a tipping point. “We need ethereum talent and that’s scarce right now,” said Eich, who formerly co-founded Mozilla and Firefox, telling C
CryptoGirl
Experts Believe Cryptocurrencies Still Have Unprecedented Returns to Offer

Experts Believe Cryptocurrencies Still Have Unprecedented Returns to Offer

ALTCOINS
Investors are still forging ahead with digital currencies such as Bitcoin and Ethereum despite the recent volatility. Many experts and professional investors still believe that there are unprecedented returns on offer. New Heights Investors in traditional markets are not used to seeing swings of 50 percent in a month for an asset, such as what happened to Ethereum which dropped from nearly $400 to just over $200, as well as experiencing a flash crash. There has also been a huge correction in Bitcoin price that has seen it fall from its high of $3,000. Despite this though, predictions for digital currency are still aimed astronomically skyward. It is because of the popularity and huge increase in uptake that these digital currencies are on the rise, but also due to companies looking
CryptoGirl
Israeli Official Urges Regulators to be More ‘Paternalistic’ Regarding ICO’s and Bitcoin

Israeli Official Urges Regulators to be More ‘Paternalistic’ Regarding ICO’s and Bitcoin

ALTCOINS, BITCOIN
An Israeli official gave a talk in Tel Aviv today regarding the challenges with regulating ICO’s and bitcoin. Professor Shmuel Hauser, Head of the Israeli Securities Authority, expressed fear and concern about cryptocurrencies. He seemed to see digital tokens as representing a threat, and he urged regulators to be more “paternalistic” in their oversight of ICO’s.  Investors Cannot Look After Themselves and do Not Understand Cryptocurrencies Hauser elaborated on his position, saying, “We have to address today what is happening with bitcoin, blockchain and ICOs that are challenging the current regulation around the world. It is here at the gates of the stock exchange. It is a new economy where the companies have no faces, and the investors have no faces. Our task is to get ready now in
CryptoGirl
World’s First Local Government Digital Currency HullCoin Could Launch This September

World’s First Local Government Digital Currency HullCoin Could Launch This September

ALTCOINS
Local currencies are nothing new and, local digital currencies are also a thing nowadays, with the Liverpool Local Pound (LLP) and the Local Pound, East London, for example, coming into existence this year, thanks to Tel-Aviv-based technology company Colu. These local digital currencies were created pegged to the pound, with each token being worth £1. Just like other local currencies, these were presumably created to incentivize locals to buy and sell locally. According to The Telegraph, during the 19th and 20th century, local currencies were even used to fill the void when national currencies and welfare systems failed. Now, a local government’s project may be about to come true, as HullCoin, according to the BBC, may be launched in September this year, if a bid for a £500,000 (
CryptoGirl
The Bank of England Tests Ripple’s Interledger Technology to Settle International Payments

The Bank of England Tests Ripple’s Interledger Technology to Settle International Payments

ADOPTION, ALTCOINS
The Bank of England has released new details about a proof-of-concept it has developed in partnership with distributed ledger startup Ripple. Among several fintech proofs-of-concept revealed by the UK central bank yesterday, one test involved Ripple’s Interledger protocol, designed to facilitate transactions between different distributed ledger systems. The trial centered on a cross-border payment scenario in which “two different currencies” were “executed simultaneously in two different simulated RTGS [real-time gross settlement] systems,” with blockchain potentially serving as means for synchronizing the settlement of transactions. According to its outline of the proof-of-concept, the Bank of England used the test in part as a springboard to investigate issues around liq
CryptoGirl
3 Question To Ask Before Investing In An ICO

3 Question To Ask Before Investing In An ICO

ALTCOINS
There appears to be an ICO frenzy across the Blockchain industry. Everywhere you look, a new product is created with a corresponding ICO launch. While there are genuine products and judiciously executed ICOs, there have been reports of insincere setups that only succeed in reaping the masses of their wealth. Industrial stage of development Despite noting this as an unfortunate development, Helium co-founder, Jason Cassidy identifies the ICO scenario to be common with other developing industries. According to Cassidy, whenever a new industry reaches a certain level of market penetration, the floodgates open up and a host of actors enter into the space. While many of these individuals have good products or services backed by good intentions, human nature dictates we will see a mix of p
CryptoGirl
Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’

Indian Police Label $12 Million OneCoin Operation a ‘Clear Ponzi Scheme’

ALTCOINS
Further details from a police charge sheet have emerged during the ongoing crackdown against OneCoin in India, a purported digital currency scheme widely seen as a scam. Indian authorities have filed a primary charge sheet against 30 individuals accused of promoting OneCoin in the country. The charge sheet, a formal document of accusation by law enforcement to a court of law, also includes Bulgarian national Rjua Ignatova, the founder and ‘CEO’ of OneCoin, according to the Indian Express. Tushar Doshi, deputy commissioner of crime at Navi Mumbai police stated: In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme. Filed at a court of law in Mumbai by local police, the charge sheet reveals details of the investigati
CryptoGirl
Dogecoin Exchange Founder Ryan Kennedy In Hot Soup Over Theft of Bitcoins, Money Laundering

Dogecoin Exchange Founder Ryan Kennedy In Hot Soup Over Theft of Bitcoins, Money Laundering

ALTCOINS
Dogecoin exchange founder and convicted rapist Ryan Kennedy lands in fresh hot soup over the theft of Bitcoins, money laundering and fraud. British police have released a statement saying that Ryan Kennedy has been taken into custody. Kennedy is the founder of the now shuttered Moolah Dogecoin exchange, which he had started under the name of Alex Green. During his stint as Green, Ryan Kennedy became infamous for giving away or tipping generous amounts of Dogecoins to complete strangers. He was also known for sponsoring a NASCAR driver. Charged with fraud According to a statement by the Somerset Constabulary, Ryan Kennedy has been charged with offenses under the Fraud Act of 2006 and Proceeds of Crime Act 2002. The police say that the alleged offences took place in a period between