National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. As society starts to move away from cash, central banks’ potential to reap profits off issuing that cash could be threatened. Many governments are worried about the mass adoption of cryptocurrencies and hence are considering the merits of creating a central bank digital currency (CBDC). Central banks have woken up to the risks cryptocurrencies can pose to policy makers’ bread-and-butter business: the economy. Hence the debate about the pros…

Crypto Markets See Slight Growth, Total Market Capitalization Nears $392 Bln

May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Market visualization from Coin360 Bitcoin (BTC) is up around 3 percent in 24 hours to press time, currently trading at $8,520. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has crossed the level of $700, currently trading at $719 with an increase in value of about 3% over the past 24 hours. Ethereum price chart.…

‘51 percent attack’ in Silicon Valley TV Series

Most modern technological marvels make their way into mainstream media, but a select few are influential enough to feature on some our favourite TV shows. Bitcoin and cryptocurrencies are no exception, having captured the imagination of millions around the world during a breakout period in 2017. Primarily driven by Bitcoin’s astronomical boom in value as the year drew to a close, people from all walks from life had either heard about Bitcoin or were actively looking to get involved. With mainstream media headlines came all the fanfare with it, and…

How Bitfinex Tax Requirement May Have Contributed to the Bitcoin Correction

Join our community of 10 000 traders on Hacked.com for just $39 per month. On May 17, one of the world’s largest cryptocurrency and bitcoin exchange Bitfinex officially asked its users to submit tax IDs and social security numbers that could be utilized by government agencies in the countries its users are based into tax gains recorded in the cryptocurrency market. “We request that you complete the appropriate self-certification form and upload it to your Bitfinex account by May 24, 2018, at the latest. If you are a US person…

Tether Mints $250 Mln of New USDT Tokens, Rekindles Controversy

The controversial stablecoin Tether generated $250 million worth of new USDT tokens on May 18, according to Omni Explorer. Tether is the company that issues the so-called stablecoins USDT, which it claims are backed at 1:1 ratio by US dollars. Tether has been criticized for its lack of transparency after it broke ties with auditing firm Friedman LLP before an official audit could be conducted. With a near monopoly on stablecoins, the total supply of Tether tokens has now risen to 2.5 bln, and some critics find it hard to…

Crypto Ban FUD And Blockchain Adoption Galore

Top Stories This Week Circle Partners With Bitmain For Planned Release Of USD-Backed Stable Coin Circle Internet Financial Ltd. has finished a $110 mln investment round with led by Chinese mining hardware manufacturer Bitmain as part of their project to create a US-dollar backed stable coin. The Circle USD Coin, which will function as an ERC-20 token on the Ethereum network, will reportedly be integrated into the Circle Pay payment app and in Circle Trade, as well as traded on the Poloniex exchange. Microsoft’s Bing Joins Facebook, Twitter In Crypto…

Move ‘Em Out: ICOs Don’t Seem So Scary Outside the US

ICO issuers are starting to look to jurisdictions outside the U.S. to set up shop. In an environment of regulatory uncertainty, where the U.S. Securities and Exchange Commission (SEC) has begun investigating ICOs and the industry surrounding the capital raising technology but has yet to make a formal decision of how it will regulate crypto tokens, issuers and other stakeholders are finding other jurisdictions a better bet for launching their projects. And no other place during Blockchain Week was the topic hotter than at Token Summit III (the original event…

Fundstrat’s Lee Admits Poor Prediction of Bitcoin Rally, Still Expects $25k Price by Year End

Co-founder and head of research at Fundstrat Global Advisors, Thomas Lee has admitted that his prediction of a Bitcoin rally after the Consensus conference was wrong. Lee has claimed that the crypto market still “faces significant internal resistance and hurdles within traditional financial institutions,” Bloomberg reports May 18 Having accurately predicted the growth of crypto markets after the US tax day in April, Tom Lee made another Bitcoin prediction on May 7, saying that the cryptocurrency will rally during and after the Consensus conference takes place in New York May…

Hacked Crypto Exchange Coincheck Confirms Removal of Four Anonymity-Focused Altcoins

Recently hacked Japanese crypto exchange Coincheck will end trading for four privacy-oriented cryptocurrencies, Monero (XMR), Zcash (ZEC), Dash (DASH), and Augur (REP), Cointelegraph Japan reported May 18. Following reports from back in March, the exchange has now officially confirmed the removal of the four anonymity-focused coins will come into effect June 18. According to Coincheck’s blog, the exchange will remove the four cryptocurrencies to comply with counter-terrorist financing (CFT) and anti-money laundering (AML) measures recently issued by Japan’s financial regulator, the Financial Services Agency (FSA). The FSA has been especially active…

BlockShow Europe 2018 Blasts a Massive Update, Days Prior to the Event

BlockShow Europe 2018 is fast approaching – time has come for some big news from the organizing team. Today, roughly a week before the event, we want to shed some light on what is waiting for more than 3000 attendees in Berlin on May 28-29. Fresh arrivals & celebrities on board First and foremost, the value of any conference is the quality of its speaker pool. For BlockShow Europe 2018, the organizers have brought together over 100 blockchain experts and practitioners. Among the speakers BlockShow has in its lineup there is…