More Than 3m Bitcoin Holders in China Despite Ban, Says Researcher
There are still more than 3 million people holding bitcoin in China, despite the government’s ban on trading, a researcher at theInternational Monetary Institute at Renmin University in China has estimated.
https://cryptonews.com/news/more-than-3m-bitcoin-holders-in-china-despite-ban-says-resea-2148.htm
Topic: ✷ News ✷ Analytics ✷ Analysis ✷ Forecasts - page 13. (Read 2256 times)
Japanese prosecutors from 10 prefectures have arrested 16 individuals suspected of involvement in an ongoing criminal case of cryptojacking, local news outlet The Asahi Shimbun
There are now more than 800 coins which are essentially dead. However, the market for Initial Coin Offerings (ICOs) continues to boom in 2018, raising almost $12 billion in the first two quarters alone.
https://bitcoinist.com/ico-market-approaches-12b-raised-as-number-of-dead-coins-tops-800/
https://bitcoinist.com/ico-market-approaches-12b-raised-as-number-of-dead-coins-tops-800/
40 Percent of Ontario Cryptocurrency Investors Have Sold All Their Coins
A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology.
The study, which was compiled by the Ontario Securities Commission’s Investor Office, revealed that at the moment 5% of Ontarians, or around half a million residence of the province, hold crypto assets. Currently, the population of Ontario is estimated to be more than 14 million (over 38% of Canada’s population). At the same time, there is another 4% of the Ontario population that used to own crypto assets, though that was no longer the case at the time of the survey.
Per the survey, which was conducted in Canada’s most populous province in March this year, millennial males aged between 18 and 34 were the demographic most likely to own cryptocurrencies, with 14% of them owning a crypto asset.
https://www.ccn.com/40-percent-of-ontario-cryptocurrency-investors-have-sold-all-their-coins/
A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology.
The study, which was compiled by the Ontario Securities Commission’s Investor Office, revealed that at the moment 5% of Ontarians, or around half a million residence of the province, hold crypto assets. Currently, the population of Ontario is estimated to be more than 14 million (over 38% of Canada’s population). At the same time, there is another 4% of the Ontario population that used to own crypto assets, though that was no longer the case at the time of the survey.
Per the survey, which was conducted in Canada’s most populous province in March this year, millennial males aged between 18 and 34 were the demographic most likely to own cryptocurrencies, with 14% of them owning a crypto asset.
https://www.ccn.com/40-percent-of-ontario-cryptocurrency-investors-have-sold-all-their-coins/
This past Friday, someone claiming to be Satoshi Nakamoto — the person or collective people who created the cryptocurrency Bitcoin, posted a 21-page excerpt from a new ‘literary work.’ Is it all just clever distractions from hoaxers, or will we soon know more about Nakamoto’s true identity?
https://bitcoinist.com/satoshi-nakamoto-releases-excerpts-from-upcoming-book-is-it-a-hoax/
https://bitcoinist.com/satoshi-nakamoto-releases-excerpts-from-upcoming-book-is-it-a-hoax/
One Coin to Rule Them All: Cryptocurrency With a Single CoinIf you think you’ve seen it all, creativity-wise, in the crypto world, there is always that one project that surfaces, seemingly just to surprise you. This time, it is OneSingleCoin, a cryptocurrency that decided letting many tokens into circulation is so last year, and only have one coin, like the name implies.[/
https://cryptonews.com/news/one-coin-to-rule-them-all-cryptocurrency-with-a-single-coin-2074.htm
https://cryptonews.com/news/one-coin-to-rule-them-all-cryptocurrency-with-a-single-coin-2074.htm
Chinese-owned cryptocurrency exchange BTCC has formally announced the relaunch of its platform while hinting it will launch an internal token.
https://bitcoinist.com/btcc-relaunch-suggests-exchange-will-create-binance-style-token/
https://bitcoinist.com/btcc-relaunch-suggests-exchange-will-create-binance-style-token/
Digital currency exchange Coinbase shuttered GDAX on June 29th and transitioned to Coinbase Pro. The new interface is marketed as an upgrade but has received a lot of initial criticism.
https://bitcoinist.com/new-coinbase-pro-platform-off-to-a-rocky-start-amid-flurry-of-criticism/
https://bitcoinist.com/new-coinbase-pro-platform-off-to-a-rocky-start-amid-flurry-of-criticism/
Tezos Network Launches Following Months of Delays, Off-Chain Controversy
In an official blog post, the Tezos Foundation announced that the betanet is live.
Tezos is a smart contract platform which raised $232 million in its initial coin offering (ICO) in July 2017, making it the largest token sale at that time. The platform boasts an on-chain governance model and formal verification for smart contracts. After a year of active development, several class action lawsuits, and multiple delays Tezos has finally launched successfully.
“The future of Tezos rests in the hands of its community. This moment marks an inflection point for the project, and we are excited to support community developers, scientists, validators (“bakers”), and enthusiasts from all over the world as they drive the success of this innovative, decentralized network.”
In an exclusive statement to CCN, Ryan Jesperson, president of the Tezos Foundation stated:
“From the outset, the code base underpinning the Tezos protocol has been engineered with security in mind. Although no system can be completely secure, every system can be continuously improved towards that goal — fixing bugs, maintaining and adjusting the code base, and integrating additional functionality are several actions that may be taken while the betanet is live.”
https://www.ccn.com/tezos-network-launches-following-months-of-delays-off-chain-controversy/
In an official blog post, the Tezos Foundation announced that the betanet is live.
Tezos is a smart contract platform which raised $232 million in its initial coin offering (ICO) in July 2017, making it the largest token sale at that time. The platform boasts an on-chain governance model and formal verification for smart contracts. After a year of active development, several class action lawsuits, and multiple delays Tezos has finally launched successfully.
“The future of Tezos rests in the hands of its community. This moment marks an inflection point for the project, and we are excited to support community developers, scientists, validators (“bakers”), and enthusiasts from all over the world as they drive the success of this innovative, decentralized network.”
In an exclusive statement to CCN, Ryan Jesperson, president of the Tezos Foundation stated:
“From the outset, the code base underpinning the Tezos protocol has been engineered with security in mind. Although no system can be completely secure, every system can be continuously improved towards that goal — fixing bugs, maintaining and adjusting the code base, and integrating additional functionality are several actions that may be taken while the betanet is live.”
https://www.ccn.com/tezos-network-launches-following-months-of-delays-off-chain-controversy/
VeChain Thor Blockchain Launches, Token Swap to Take Place Mid-July
VeChain has officially launched its main network and the first block has been mined successfully.
VeChain Thor is a blockchain platform aimed at driving enterprise businesses to use blockchain solutions.
The main network launch was preceded by deploying the first authority master node. VeChain utilizes a Proof-of-Authority consensus algorithm, in which approved validators mine blocks to produce faster transaction speeds compared to other blockchains. Although critics have expressed concerns of centralization, VeChain believes that this mechanism would be optimal for businesses by providing them with a better-performing network.
VeChain is also a dual token system consisting of VeChain Token (VET) and VeThor Token (THOR). Network users are rewarded with the latter when they hold the former, which is also the case with NEO & GAS. The VeChain Token can be used to deploy applications on the platform where as VeThor can be used to pay for applications and other transactions over the network. VeChain claims that this economic model is better suited for enterprises than the one in other blockchains, such as Ethereum and Bitcoin, where higher usage drives the cost of the utility token and subsequently the cost of deploying and operations in the protocol.
https://www.ccn.com/vechain-thor-blockchain-launches-token-swap-to-take-place-mid-july/
VeChain has officially launched its main network and the first block has been mined successfully.
VeChain Thor is a blockchain platform aimed at driving enterprise businesses to use blockchain solutions.
The main network launch was preceded by deploying the first authority master node. VeChain utilizes a Proof-of-Authority consensus algorithm, in which approved validators mine blocks to produce faster transaction speeds compared to other blockchains. Although critics have expressed concerns of centralization, VeChain believes that this mechanism would be optimal for businesses by providing them with a better-performing network.
VeChain is also a dual token system consisting of VeChain Token (VET) and VeThor Token (THOR). Network users are rewarded with the latter when they hold the former, which is also the case with NEO & GAS. The VeChain Token can be used to deploy applications on the platform where as VeThor can be used to pay for applications and other transactions over the network. VeChain claims that this economic model is better suited for enterprises than the one in other blockchains, such as Ethereum and Bitcoin, where higher usage drives the cost of the utility token and subsequently the cost of deploying and operations in the protocol.
https://www.ccn.com/vechain-thor-blockchain-launches-token-swap-to-take-place-mid-july/
Bitcoin Will Go Up Again Based On This Technical Signal
It has been an eventful 2018 for the cryptocurrency market, and Bitcoin especially. The top-ranked cryptocurrency has declined steadily throughout the year dropping nearly 70 percent of its mid-December 2017 high of $19,500. In June 2018, BTC has had a tumultuous time of it, dipping and rising several times. The number one cryptocurrency even set a new 2018 low by dropping below $6,000 twice. However, despite these difficulties, it appears there is hope on the horizon for BTC bulls.
https://ethereumworldnews.com/bitcoin-will-go-up-again-based-on-this-technical-signal/
Zcash Governance Panel Votes Against Prioritizing ASIC Resistance
https://www.ccn.com/zcash-governance-panel-votes-against-prioritizing-asic-resistance/
https://www.ccn.com/zcash-governance-panel-votes-against-prioritizing-asic-resistance/
SEC Mulls Unconventional Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has formally issued a call for public comment on yet another proposal to list a bitcoin ETF (exchange-traded fund) on a regulated exchange.
VanEck, SolidX Partner to Create Physically-Backed Bitcoin ETF
This development came in response to a proposal, submitted by Chicago-based derivatives exchange CBOE, to list and trade shares of SolidX Bitcoin Shares, which itself has been issued by the VanEck SolidX Bitcoin Trust.
CBOE was the first US exchange to list bitcoin futures products, and executives have indicated that they intend for the platform to continue to lead in the nascent cryptocurrency derivatives industry.
According to the filing documents, the trust will invest directly in physical bitcoin — not bitcoin futures — and each share will “represent a fractional undivided beneficial interest in the trust’s net assets.”
More from the filing:
“The Trust intends to achieve this objective by investing substantially all of its assets in bitcoin traded primarily in the over-the-counter (“OTC”) markets, though the Trust may also invest in bitcoin traded on domestic and international bitcoin exchanges, depending on liquidity and otherwise at the Trust’s discretion. The Trust is not actively managed. It does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of bitcoin.”
https://www.ccn.com/sec-mulls-unconventional-bitcoin-etf-application/
The U.S. Securities and Exchange Commission (SEC) has formally issued a call for public comment on yet another proposal to list a bitcoin ETF (exchange-traded fund) on a regulated exchange.
VanEck, SolidX Partner to Create Physically-Backed Bitcoin ETF
This development came in response to a proposal, submitted by Chicago-based derivatives exchange CBOE, to list and trade shares of SolidX Bitcoin Shares, which itself has been issued by the VanEck SolidX Bitcoin Trust.
CBOE was the first US exchange to list bitcoin futures products, and executives have indicated that they intend for the platform to continue to lead in the nascent cryptocurrency derivatives industry.
According to the filing documents, the trust will invest directly in physical bitcoin — not bitcoin futures — and each share will “represent a fractional undivided beneficial interest in the trust’s net assets.”
More from the filing:
“The Trust intends to achieve this objective by investing substantially all of its assets in bitcoin traded primarily in the over-the-counter (“OTC”) markets, though the Trust may also invest in bitcoin traded on domestic and international bitcoin exchanges, depending on liquidity and otherwise at the Trust’s discretion. The Trust is not actively managed. It does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of bitcoin.”
https://www.ccn.com/sec-mulls-unconventional-bitcoin-etf-application/
Supreme Court Will Not Reconsider Ross Ulbricht’s Life Sentence
On June 28, 2018, the US Supreme Court revealed it would not re-evaluate Ross Ulbricht’s court case and double life sentence tied to his charges of operating the Silk Road marketplace. Ulbricht’s legal team and family were hoping the recent Carpenter Vs. US Supreme Court case would spur court officials to reconsider the Ulbricht’s conviction. However, Supreme Court officials didn’t see eye to eye with this reasoning and denied Ulbricht’s cert petition.
https://news.bitcoin.com/supreme-court-will-not-reconsider-ross-ulbrichts-life-sentence/
Bitcoin’s bubble under pressure as other cryptocurrencies go to zero
Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help cement its place in the bubble record books.
https://www.thestar.com/business/markets/2018/06/29/bitcoins-bubble-under-pressure-as-other-cryptocurrencies-go-to-zero.html
Malta approves three blockchain bills at second reading
The Maltese Parliament has unanimously approved three blockchain bills as the island looks to establish itself as a cryptocurrency hub.
https://www.hedgeweek.com/2018/06/29/265872/malta-approves-three-blockchain-bills-second-reading
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