Friday, August 23Your Daily Bitcoin & Altcoin News Portal
Up 50%: Ethos Rallies Big After Crypto Wallet Launch

Up 50%: Ethos Rallies Big After Crypto Wallet Launch

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Up 50%: Ethos Rallies Big After Crypto Wallet Launch Gravity-defying might be the best way to describe the "ethos" token market this week. Designed to power an ecosystem of payment gateways and wallets, the ethereum-based token picked up a bid at $1.20 a week ago developers behind the effort informed markets about an impending "big announcement." Traders responded and the crypto asset remained bid around $1.50 over the weekend. Rumors would swirl for days, with some speculating a major deal with Wall Street was in the works. However, the big announcement turned out to be the launch of Ethos Universal Wallet, which aims to enable users to store all of their tokens and cryptocurrencies safely and securely on the mobile device. Etho
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Crypto Markets See Small Slump, Bitcoin Keeps Above $6,500 Threshold

Crypto Markets See Small Slump, Bitcoin Keeps Above $6,500 Threshold

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Please share if you find this article interesting. Crypto Markets See Small Slump, Bitcoin Keeps Above $6,500 Threshold Thursday, July 5: crypto markets are seeing some red, with most major coins down up to 3 percent in 24 hours to press time. The total market cap has dropped by $4 billion since the same time yesterday, according to Coinmarketcap. Market visualization from Coin360 Bitcoin (BTC) is currently trading at around $6,597. The coin is down about 1.5 percent over the past 24 hours, but it’s still keeping above the psychologically important $6,500 mark. Bitcoin is still up on the week with an 8 percent increase in value. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) similarly holds recent gains, trading at about $470 at press time. The m
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Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain – Bitcoin News

Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain – Bitcoin News

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Please share if you find this article interesting. Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain - Bitcoin News Economy & Regulation The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The central bank, which recently banned financial institutions from working with crypto companies, now wants to study and embrace the blockchain technology that “encompasses all the cryptocurrencies.”    Also read: Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa CB Governor Wants to Know Where Bitcoins Come From RBZ, the central bank of troubled Zimbabwe, has initiated studies to investigate the blockchain technology and its possible applications. The major financi
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Former Jefferies Asia CEO to Lead $1 Billion EOS VC Arm

Former Jefferies Asia CEO to Lead $1 Billion EOS VC Arm

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Please share if you find this article interesting. Former Jefferies Asia CEO to Lead $1 Billion EOS VC Arm The former CEO in Asia for Jefferies Group LLC, a major global investment banking firm, has joined as head of EOS’ $1 billion venture capital arm effective Thursday, July 5. The news has been revealed in an official announcement from EOS creator Block.one. After serving almost eight years in his former post, Michael Alexander will be based in Hong Kong and serve as a member of the Block.one Executive Committee. As the new CEO of EOS’ VC unit, Alexander will manage both direct venture investments and EOS VC partnerships, with a focus on sourcing and investing in projects that build on the EOSIO ecosystem. Block.one has major plans to invest over $1 billion in EOSIO ecosystem
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South Korea Legitimizes Blockchain Industry With Major New Classification Standards

South Korea Legitimizes Blockchain Industry With Major New Classification Standards

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Please share if you find this article interesting. South Korea Legitimizes Blockchain Industry With Major New Classification Standards The South Korean government is drafting major new industry classification standards for the domestic blockchain industry, local crypto news outlet The BChain reports Thursday, July 5. Three Korean ministries - the National Statistical Office, the Ministry of Science and Technology, and the Ministry of Information and Communication - are said to have been working since the end of last month to produce the final draft of a new blockchain industry classificatory scheme by the end of July.   The scheme will reportedly serve as a basis for policy making, notably aimed towards “blockchain promotion and regulatory frameworks,” and covers areas including
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The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal – Bitcoin News

The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal – Bitcoin News

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Please share if you find this article interesting. The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal - Bitcoin News The Daily In today’s edition of Bitcoin in Brief we cover stories from various corners of the world. In Malta the parliament has enacted three crypto bills into law, in Bermuda the authorities want to create a new type of crypto friendly banks, and in New Zealand Kim Dotcom has lost his extradition appeal. Also Read: Get Yourself a Mustang, Custom Car Builder Now Accepts Bitcoin Malta Enacts Crypto Bills The parliament of Malta has given the final approval on Wednesday evening for three bills meant to create a welcoming regulatory framework for crypto ventures. The bills now enacted into law are the Digital Innovation Authority
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Huobi Launches Australian Exchange Ahead of Blockchain Investment Plans

Huobi Launches Australian Exchange Ahead of Blockchain Investment Plans

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Please share if you find this article interesting. Huobi Launches Australian Exchange Ahead of Blockchain Investment Plans Chinese cryptocurrency exchange Huobi has confirmed trading on its new Australian platform begins today, July 5. The exchange is fourth largest in the world as of press time, with $713 million in daily trade volume, according to Coinmarketcap. In an announcement, Huobi, which last week also unveiled its London-based operation serving the European market, said trading pairs would be phased in throughout Thursday from 10am Sydney time. Ten pairs will initially be on offer for Australian dollar, including Bitcoin, Ethereum, Litecoin, Ethereum Classic and Bitcoin Cash. “In the future, Huobi Australia will open more trading pairs to all users,” the exchange added
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BIS Chief Bashes Cryptocurrency Again in Scathing Review of Its ‘Failure’ as Money

BIS Chief Bashes Cryptocurrency Again in Scathing Review of Its ‘Failure’ as Money

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Please share if you find this article interesting. BIS Chief Bashes Cryptocurrency Again in Scathing Review of Its ‘Failure’ as Money The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4. Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons to Bitcoin mining. “Those who have the biggest incentive in the system of these so-called cryptocurrencies are those who produce the assets - the miners… This incentive, however, is not compatible with maximising the usefulness of money,” he told the publicatio
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Bitcoin Rally Hits a Speed Breaker at $6,750

Bitcoin Rally Hits a Speed Breaker at $6,750

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Bitcoin Rally Hits a Speed Breaker at $6,750 Bitcoin (BTC) needs to overcome a key technical resistance to keep the short-term bull market going, the technical studies indicate. The leading cryptocurrency rose to $6,785 on Bitfinex on Wednesday - the highest level since June 22 and looked set to test the psychological hurdle of $7,000, as suggested by Monday's bullish breakout. However, the bulls failed to muster enough momentum to cross $6,754 (23.6 percent Fibonacci retracement of the drop from $9,990 to $5,755) on a daily closing basis (as per UTC), establishing the Fibonacci level as a stiff resistance. Further, a detailed look at the technical charts reveals the area around $6,754 is packed with moving average lines and Boll
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Thai Regulator Confirms July Start Date for Regulated ICOs

Thai Regulator Confirms July Start Date for Regulated ICOs

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Please share if you find this article interesting. Thai Regulator Confirms July Start Date for Regulated ICOs In an announcement July 4, Thailand has confirmed its long-awaited ICO regulations will come into effect July 16, cementing the fundraising instrument’s status in the country. In summary comments, the Thai Securities and Exchange Commission (SEC) finalized details of how ICOs will operate going forward. The new regulation will take the form of a two-tier vetting procedure, with accredited “ICO portals” in charge of selecting applicants to pass to the SEC for a final screening. “Once approved by an ICO portal, the SEC will begin to consider applications for the issuance and sale of digital tokens for ICOs,” a rough translation of the announcement explains. The system is t