Ethereum Classic Price Defies Bear Market in Single-Day Rally

The ethereum classic price continued its inexorable rise on Thursday afternoon as it reached $17.71 on cryptocurrency exchange Binance — a single-day increase of 7%. There could be several factors which are affecting this price movement. The principal one is the listing on Coinbase, which was something of a surprise when it beat other contenders such as Ripple’s XRP token to the finishing line. Turnover has also increased quite substantially in the past days where the price climbed from a low of around $13.50 to $17.74 of now and appears…

Robinhood Stock Trading App | Applying for a National Banking Carter

Robinhood stock trading app: A National Banking Charter is attractive to many financial tech companies but alas, it is very hard to get. That hasn’t stopped California-based stock trading app Robinhood from approaching regulators at the Office of Comptroller of the Currency (OCC) with an ambition to acquire the necessary licenses to allow them to receive a national banking charter, which would effectively class the platform as a bank.  The idea is to become a more official banking platform, covering all bases from cryptocurrency to stocks and fiat accounts for its customers. Currently,…

Researchers Allege Tron Plagiarized Code from other Projects

Researchers from Digital Asset Research (DAR) have discovered multiple instances of code copied from other projects in the Tron codebase. It seems that Tron developers plagiarised code from Ethereum among other projects and changed filenames to make it difficult to identify the source of the code. DAR published an article on Medium about the plagiarism and the legal and technical problems that may now affect the Tron mainnet going forward. “On December 31, 2017, the project was initially accused of violating the GNU Lesser General Public License v3.0 (LGPL) because the…

Under New Rules Quebec Crypto Miners Will Be Required to Bid For Electricity

Provincial utility Hydro-Quebec has proposed new rules, under which blockchain companies will be required to bid for electricity and quantify the jobs and investment they expect to generate per megawatt, Hydro-Quebec announced in a press release June 21. The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The starting rate is reportedly 1 Canadian cent ($0.0075) per kilowatt hour, which is 20 percent above the industry standard price. The new plan is subject to approval by local energy regulator Regie…

Toronto Stock Exchange Adds a New Blockchain ETF

Starting today, The Toronto Stock Exchange will list a new blockchain based ETF on their platform. ETF, which stands for ‘Exchange traded fund’ is “a marketable security that tracks an index, a commodity, bonds, or a basket of assets”. Unlike mutual funds, an ETF trades like a common stock on a stock exchange, and experience price changes throughout the day as they are bought and sold. The Horizons Blockchain Technology and Hardware Index ETF, which will join similar ETF’s from Harvest Portfolio Group Inc. and Evolve Funds Group Inc, aims…

Winklevoss Brothers Win Patent to Provide Crypto-Based Exchange-Traded Products

U.S. crypto entrepreneurs Tyler and Cameron Winklevoss have won a patent for a system to provide crypto-based exchange-traded products (ETPs), according to a patent filing published by the U.S. Patent and Trademarks Office (USPTO) June 19. The new patent represents systems, methods and program products for using ETPs that hold “digital assets” and “other products and/or services related to ETPs holding digital assets,” such as Bitcoin (BTC) and other cryptocurrencies, including Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Filed on Nov. 27, 2017 by Winklevoss IP, the patent includes both…

Federal Reserve Bank of St. Louis Adds Crypto Price Tracking to Research Database

The Federal Reserve Bank of St. Louis will now be tracking the prices of four cryptocurrencies on their research database, according to a June 19 post on the bank’s website. The database, called the Federal Reserve Economic Data (FRED), will now include the prices of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) from as early as 2014 to the present. The prices will be updated daily with data obtained from U.S.-based cryptocurrency exchange and wallet Coinbase. The Federal Reserve Bank of St. Louis has often been in the…

Blockchain Will ‘Penetrate Our Entire Economy’

One of the seven members of Switzerland’s collective head of state stated that blockchain will someday “penetrate our entire economy,” according to a transcript published by the Federal Department of Economic Affairs, Education and Research today, June 21. Swiss Federal Councillor Johann N. Schneider-Ammann stated during a speech at the Crypto Valley Conference in Bern today that: “Hardly anyone still doubts that blockchain will penetrate our entire economy.” However, Schneider-Ammann added that at this point, Switzerland does not know enough about the new technologies, “their potential and their risks,” noting…

Hacked S. Korean Crypto Exchange Bithumb Confirms It Will Reimburse Affected Users

South Korean crypto exchange Bithumb has today confirmed it will reimburse users affected by the theft of 35 bln won (about $30 mln) from its hot wallet two days ago, in an official announcement today, June 21. At the time of the hack, Bithumb was ranked sixth largest crypto exchange by trade volumes globally, but has now dropped to tenth place following news of the high-profile incident. Bithumb today says there will be “no damage” to its customers as a consequence of the theft, emphasizing its strict separation of customer…

Cointelegraph Launches Job Listings Platform for the Blockchain, Crypto Industries

Today, June 21, Cointelegraph is launching a listings platform for crypto and Blockchain-specific job opportunities. Users can search for vacancies in the crypto and Blockchain industries globally, using category parameters and keywords to focus in on their interests. Companies can also post listings to find the most competitive candidates for their needs. Cointelegraph hopes the service will encourage new and valuable connections in an emerging industry that is seeing increasing investment and growth. The service is currently in beta, let the creators know what you think at jobs@cointelegraph.com. Source link