Tether Has No Real Impact on Bitcoin price: University Researcher

Contrary to the somewhat-popular idea that tether (USDT) issuance is used to manipulate crypto markets by boosting the price of bitcoin, a new academic study by researcher Wang Chun Wei of the University of Queensland Business School shows that the most widely-used stablecoin in fact has a negligible effect. Tether and the 2017 Bitcoin Price Rally Titled “The Impact of Tether Grants on Bitcoin,” the report examines the tether-bitcoin price manipulation theory using a Value-at-Risk (VAR) model to establish conclusively that while there is a positive correlation between USDT grants and bitcoin’s…

Bitcoin Magazine’s Week in Review: The Resilience of Bitcoin

Altcoins may come and go; hacks may challenge exchanges; mainstream financial advisors might not get it — but even in the face of a protocol bug, Bitcoin perseveres and develops. Here are this week’s top stories from Bitcoin Magazine. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here. A Bug Fix and a New ASIC Miner The Good, the Bad and the Ugly Details of One of Bitcoin’s Nastiest Bugs Yet For well over a year, versions of Bitcoin Core…

Brave Browser Taps Blockchain Identity Startup Civic for Secure KYC

Cryptocurrency-funded web browser Brave has announced that it will collaborate with Civic, the blockchain identity platform, on a project that will bring the latter’s identity verification services to publishers on the Brave platform. Under this framework, Brave-verified publishers will be able to confirm their identity using Civic’s technology, and thus gain secure access to their Basic Attention Token (BAT) earnings made via the Brave browser. CCN reported recently that Brave has recorded more than 10 million downloads in addition to over 4 million active monthly users and 21,000 Brave-verified publishers. Brave’s…

U.S. Congressman Drafts Blockchain Development Bills

The newly elected co-chair of the Congressional Blockchain Caucus, U.S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets. According to an official announcement, the bills focus on fostering government support for the blockchain space, clarifying money transmitter regulations and devising a tax scheme for hard forked assets. A statement from Emmer reads in part: “The United States should prioritize accelerating the development of blockchain technology and create an environment that enables the American private sector to…

Novogratz Sees Bitcoin Recording 30% Increase This Year, $10,000 Next

Billionaire investor Michael Novogratz, a legendary ex-hedge fund manager, formerly of the investment firm Fortress Investment Group, has said that the Bitcoin price will likely see a 30 percent increase by the end of 2018. Once Bitcoin surpasses major resistance levels at $6,800, $8,800, and $10,000, Novogratz stated that institutions will enter the market via trusted custodian solutions. “It’s also a bull market in institutions building the infrastructure needed for real money investors to start investing in this space… I think that in three to six months from now, there…

Crypto Market Stabilizes After $25 Bln Surge, Can Bitcoin Breach $6,800?

Over the past 48 hours, the crypto market has increased by more than $25 billion, from $198 billion to $223 billion. Ripple and Ethereum have maintained momentum at a price range. Since September 20, the crypto market has initiated a strong corrective rally resulted by extremely oversold conditions. But, as many investors expected, the massive upward momentum of most major cryptocurrencies and small market cap assets have led the market to retrace. Stellar, Tezos, Waltonchain, and Status have recorded losses in the range of 6 to 8 percent, after demonstrating…

India’s Blockchain Ecosystem Suffers as Antagonistic Government Policy Brings Exodus

The fallout from India’s regulatory position on cryptocurrencies is leading to an exit of talent, businesses and investment from the country’s blockchain space on a scale paralleled only by a prior wave of tech industry flight during the internet boom of the late 90s and early noughties. According to a recent News 18 report, a substantial number of developers, service providers and other organisations within India’s cryptocurrency and blockchain sphere have already fled, or are in the process of fleeing from India to jurisdictions with friendlier regulatory dispositions such as Thailand,…

UK’s Biggest Port Operator to Explore Blockchain Solution

The privately run UK port operator, Associated British Ports (ABP), has inked a Memorandum of Understanding with freight forwarder Marine Transport International to explore a blockchain technology application aimed at improving connectivity at the 21 ports it runs. The MOU will see ABP try out a blockchain solution developed by MTI, thereby helping ease one of the biggest headaches in the logistics sector – lack of system interoperability. The solution is expected to enhance efficiency as no time will be wasted on manually re-entering data. Currently, the port operator handles…

Coinsquare Lists Blockchain ETF On Toronto Stock Exchange

Coin Capital Investment Management Inc. (Coincapital), the portfolio management division of the Coinsquare digital asset trading platform, has listed a blockchain exchange traded fund (ETF), the STOXX Blockchain Patents Innovation Index Fund (LDGR), among two new ETFs the company has listed on the Toronto Stock Exchange. Coincapital, which is registered with the Ontario Securities Commission, has become Canada’s newest ETF provider following the introduction of the LDGR and the STOXX B.R.AI.N. Index Fund (THNK), the company’s first ETFs.   The LDGR and THNK ETFs were scheduled to commence trading on…

US Congressman to Introduce Bills Supporting Blockchain Technology, Cryptocurrencies

U.S. Rep. Tom Emmer (R-MN) is planning to introduce three bills to support blockchain technology and cryptocurrencies, according to a press release published September 21. The three upcoming bills are entitled the “Resolution Supporting Digital Currencies and Blockchain Technology,” the “Blockchain Regulatory Certainty Act,” and the “Safe Harbor for Taxpayers with Forked Assets Act.” The legislation is focused on the support and development of blockchain technology, as well as the establishment of a safe harbor for taxpayers with “forked” digital assets. The bills would prompt the federal government to provide…