Crypto Market Sees Small Recoveries Among Top Ten Coins

Yesterday’s slump in crypto markets has somewhat slowed today, June 27, with small recoveries among the top ten coins on Coin360. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,157, up less than 0.17 percent over a 24 hour period as of press time. Yesterday, Nobel laureate in economics Robert Shiller said that BTC is a “social movement” that runs along “generational and geographic” lines. Speaking of Bitcoin’s 87% decline in November 2013 – and more broadly, to its infamous ups and downs ever since – Shiller sarcastically…

Private Blockchains Make ‘Zero Sense’

Bitcoin (BTC) developer Jimmy Song stated that using blockchain tech for a private, centralized system, such as an enterprise, ‘makes zero sense’ in an interview with Laura Shin June 26. Song, also a venture partner at Blockchain Capital, spoke on the podcast Unchained about his work as an architect on an enterprise private blockchain at Paxos for two years, noting that he “couldn’t” make a private blockchain work: “Every single time I came back to the same thing, you have to have some central point of failure, in which case…

Homeland Security Agents Posing as Darknet Crypto Traders Arrest Criminals

Agents acting under the purview of the U.S. Department of Justice (DOJ) have arrested more than 35 criminals by posing as cryptocurrency traders on the darknet, according to a DOJ release published yesterday, June 26. Officials also seized more than $23.6 million in criminal gains. The operation included the seizure of Bitcoin (BTC) mining devices, nearly 2,000 in BTC and other cryptocurrencies worth a total of around $20 million, drugs including opioids, Xanax, MDA, LSD, and others, and fiat and gold bars worth around $3.6 million. The DOJ release states…

Financial University to Store Diplomas via Blockchain

A state university in Russia has announced that it will store diploma records using blockchain technology, the institution announced in an official statement June 26. According to the statement and a tweet from the Financial University under the Government of the Russian Federation, the institution has recorded “all diplomas issued over the past ten years” using distributed ledger technology. The reported goal of the move is so that starting September 2018, potential employers will be able to check the authenticity of any digital diplomas on the university’s website. According to…

Facebook’s Crypto Ad Ban Reversal Power Play Gets Their Own News Stuck

It has been an interesting time for Facebook and its relationship with cryptocurrencies ever since they made a precedent setting move to ban adverts on their platform that had anything to do with cryptocurrency in January this year. The social media giant has since updated their policies to once again allow cryptocurrencies to advertise on Facebook, although it has continued its ban on ICOs. This move is being seen as a positive for the cryptocurrency space, which has earned back a major advertising platform on which it can reach a…

Bitcoin is ‘Amazing’ but Blockchain Is a ‘Bubble’: Steve Wozniak

One of bitcoin’s biggest bulls is calling it: blockchain is a bubble, on par with the dotcom bubble that occurred at the turn of the millennium. Steve Wozniak, who co-founded what is now the world’s largest company, said that he sees parallels between the development of the internet — as well as the hype cycle that accompanied it — and the burgeoning blockchain industry. “It was a bubble, and I feel that way about blockchain,” Wozniak said Tuesday on stage at the NEX technology conference in New York, according to…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, June 27

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The news of Facebook relaxing its ban on cryptocurrency advertisements has failed to cheer the crypto markets. This shows that the market participants continue to focus on the negative news while disregarding the positive news. A study by the research firm Ipsos, conducted…

EOS CTO Proposes Rehauling Constitution as Disputes Over Governance Continue

Chief Technical Officer (CTO) of blockchain protocol EOS Dan Larimer has proposed rehauling the project’s existing constitution to limit so-called arbitrators’ powers, in an EOSGov Telegram chat today, June 27. Larimer’s proposal comes in response to recent controversies surrounding the structure of governance on the EOS blockchain, in which three distinct groups work to ‘keep one another in check,’ as defined by the project’s current constitution. These three groups in the EOS ecosystem are the so-called Block Producers (BPs) – the equivalent of miners on the Bitcoin (BTC) blockchain –…

EOS Price Bounces as Creator Proposes Scrapping Constitution

The EOS price headlined the large-cap cryptocurrency index on Wednesday after one of its chief architects proposed scrapping its controversial constitution and replacing it with a new one. EOS Price Leads Large-Cap Index Overall, the cryptocurrency markets held relatively stable for the day, with the aggregate market cap dropping by about $1.2 billion over the past 24 hours. Against this backdrop, the EOS price managed to mount a 5.4 percent recovery. At present, EOS is trading at an equivalent of $8.13 on Binance, with a circulating market cap of $7.3…

World’s Second Largest Crypto Exchange Binance Resumes Operations After ‘Risk Warning’

Cryptocurrency exchange Binance has resumed trading a day after suspending activities due to system upgrade, followed by a warning from their risk management system, a statement confirms June 27. Trading at Binance, which usually ranks within the top three exchanges in the world by daily trading volume, ground to a halt Tuesday following a planned system upgrade. Developers had forecast trades and withdrawals stopping for a four-hour period, but when automated system signalled an undisclosed vulnerability, the services remained unavailable longer. The cause of the problem remains unknown, Binance stating…