Indie Gaming Publisher Fig Acquires UK Blockchain Developer Ownage

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Independent game publisher Fig announced this week that it is acquiring UK-based blockchain development company Ownage. Fig is “a community funding and publishing platform for independent video games. Fans back games on Fig to get exclusive rewards, or invest to earn returns from game sales.” The company also helps game developers with startup investing, marketing, and community building. The platform has already published several popular games, including Pillars of Eternity 2: Deadfire, Phoenix Point, and ​Wasteland 3. Now, it…

Ether Surges 5% as Cryptocurrency Market Rebounds, Tokens Up Significantly

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Major cryptocurrencies including Ether, the native cryptocurrency of the Ethereum blockchain network, Bitcoin Cash, and Ripple have recorded relatively large gains in the range of 4 to 12 percent, as the cryptocurrency market demonstrated a $13 billion increase in valuation over the past 24 hours. Ether, Bitcoin Cash, Ripple Often, both major cryptocurrencies and small tokens tend to follow the price movement of bitcoin, and depending on the performance of the dominant cryptocurrency, the vast majority of…

Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics

Maqta Gateway LLC, a wholly owned subsidiary of Abu Dhabi Ports, has become the first entity in Abu Dhabi to deploy its own blockchain solution, Construction Business News reports June 2. Maqta Gateway has developed and launched Silsal — a blockchain-based technology that aims to improve efficiency in the shipping and logistics industry. According to Construction Business News, Silsal will initially be available to freight forwarders and their customers, with the new system being rolled out to “the rest of the trade community as a complementary tool to the existing…

South Korea Get Back Into Crypto, China Embraces Blockchain

Coming every Sunday, the Hodler’s Digest will help you to 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 South Korea Contemplates Lifting ICO Ban South Korea — which has given the crypto community more than its share of FUD since it began banning ICOs and anonymous trading months earlier — is now considering re-legalizing Initial Coin Offerings in the country. The…

Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback

On May 30, the Spanish Congress unanimously supported draft legislation that would favorably regulate blockchain technology and cryptocurrencies in the country. While the move marks pro-crypto tendencies among local politicians, there are complications that the reform might stumble upon, namely EU compliance laws and the very recent overthrow of prime minister Mariano Rajoy. The “sandbox” concept Currently, there is no regulatory framework for cryptocurrencies in Spain. Bitcoin is thus not considered legal currency in the country. According to the Library of Congress, however, it may be viewed as a “digital…

Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol

Chinese internet giant Baidu has announced the next step in its blockchain integration in the form of a protocol aimed at reducing mining energy consumption, according to a report by China News Weekly today, June 3. Dubbed ‘Super Chain,’ chief scientist at Baidu’s blockchain division Xiao Wei revealed the protocol at a local conference over the weekend. The move forms the latest in a series of increasingly direct experiments with cryptocurrency for Baidu, which launched its Blockchain-as-a-Service (BaaS) solution in January this year. Super Chain can “insert and remove consensus…

Crypto Markets Gain $25 Bln Over the Week, Ethereum Price Above $600

Sunday, June 3: over the past 7 days, the total capitalization of crypto markets has increased by as much as $25 bln, with all of the top ten cryptocurrencies listed on Coinmarketcap (CMC) currently in the green. Market visualization from Coin360 Bitcoin (BTC) is slightly up today, currently trading at $7,704, having gained about 1 percent in 24 hours to press time and around 6 percent over the week. However, the cryptocurrency is still down 17 percent over the last month. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum…

Has Their Blockchain Time Arrived?

The views expressed here are the author’s own and do not necessarily represent the views of Cointelegraph.com. British company Juniper Research recently published a study which suggests that the use of blockchain technology by multinational companies is just a matter of time. Analysts report that nearly 6 out of 10 corporations are considering application of this technology or already in the process of developing corporate blockchain services: Two-thirds (66 percent) expected blockchain to be integrated into their systems by the end of 2018. Only 15 percent of respondents know about…

FundStrat Analyst: Bitcoin at the Bottom, Recovery Very Soon

Fundstrat’s co-founder, Tom Lee, has long been known as a Bitcoin Bull in the cryptocurrency community. Robert Sluymer, Managing Director and Technical Strategist at Fundstrat seems to be joining the company’s growing group of cryptocurrency bulls. Promising Signs for Bitcoin? On CNBC’s “Futures Now” segment, Sluymer stated: “We think Bitcoin is starting to bottom off some very key support around $7,000 and we think it’s going to start a recovery process here.” Sluymer also noted that he has a three-phase technical analysis process that allows him to try to predict…

Bitcoin Price Weekly Analysis: BTC/USD Could Accelerate Gains

Key Points Bitcoin price is trading with bullish moves above the $7,000 level against the US Dollar. There was a break above a major bearish trend line with resistance at $7,610 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is now facing another important barrier near the $7,700 level and the 100 simple moving average (4-hours). Bitcoin price is trading nicely above the $7,400 pivot against the US Dollar. BTC/USD could accelerate gains once it breaks the $7,700 and $8,000 barriers. Bitcoin Price Decline…