The rise of the digital currency

CNBC  reports  that on Friday more than a dozen members from the US Congress called for greater clarity in cryptocurrency regulation from the SEC in a letter written to SEC Chairman Jay Clayton. The letter comes in the wake of a recent four-hour meeting in Washintgon between representitives from Wall Street and the crypto industry, which publicly pushed for similar action to be taken by the SEC. The Congressional Letter On Friday, more than a dozen members of the US House of Representatives sent a letter to Securities and Exchange Commission Chairman Jay Clayton calling for greater regulatory clarity surrounding cryptocurrencies. “It is important that all policy makers work toward developing clearer guidelines between those digital tokens that are securities, and those that are not, through better articulation of SEC policy, and, ultimately, through formal guidance or legislation,” reads the letter. At present, the  SEC  has labeled the  majority of c...

Naver, Kakao ready new digital coins for blockchain rollouts 이미지뷰 이미지뷰 Gone are the days of Kakao and Naver competition in mobile messenger apps - KakaoTalk versus Line. The second round is set to begin - with cryptocurrencies on the back of proprietary blockchain technologies. Ground X, a blockchain arm of Kakao, said earlier September it would launch a blockchain platform called Klaytn in the first quarter next year and distribute crypto coins called Klay to those who use the platform as a reward for using KakaoTalk and other apps connected to the messenger. The test version of the blockchain will be unveiled next month, and Kakao has yet to disclose exactly what features the coins will have. Industry observers say they will mainly work within the Kakao app ecosystem - usable for buying emoticons, mobile gifts and subscriptions to a music streaming service. Blockchain is a digital ledger system that uses cryptographic techniques to generate a transparent and unchangeable...

Bankex  has launched  a crypto custody service targeted at individual investors. This service will allow coinholders to keep their crypto assets in a secure, bank-like storage system. The company is now accepting deposits of Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and ERC-20 tokens. Customers can also store money in the platform’s native BKX token, which will allow them to take advantage of reduced service fees. What Is Custody? When you handle cryptocurrency in its basic state, you are required to take care of your own security. This means you must  safely maintain  a set of private and public keys. As Bankex observes: “Using crypto, you relinquish all the physical monetary attributes you are accustomed to. There are no cards or banknotes…[and there is no] customer service line. Users with unresolved questions can find themselves on their own.” Bankex warns investors of three major causes of financial loss: “human factors, physical damage, and online...

Sports betting platform Sportsbet.io recently launched its newest franchise to welcome the start of the new season. The soccer center will aid players to make better betting decisions that will help them in winning more and reduce their losses. A New Form of Sport Betting Data-driven one-stop shop for crypto-based betting, Sportsbet.io has revealed the launch of its new soccer center. The primary objective of the center is to provide players with real-time information that will aid them in making informed, analytical and seamless betting decisions. Coingaming group, which is the parent body of the firm signified that their top of the notch popularity during the FIFA world cup in Russia triggered their decision to float the sports center. The group was instrumental during the football tournament in Russia, as they helped lots if players to make informed betting decisions, which made them the darling of players during the Mundial. Since betting needs up to date information,...

The profoundly reputed German firm, famed for dealing in rare crystalized metal Osmium is releasing a revenue share crypto token for its backers. A Rare Metal The rare and dense metal is initially created in Switzerland but shipped into Germany for effective distribution for global consumption by the German Osmium institute, a body responsible for all things relating to the metal. Osmium is not like any other metal, it is obtained from platinum metal, the metal is twice as dense as lead, and it’s effectively used in many alloys. The metal is used by lots of ‘end use’ industries. It can also be found in goods such as pen nibs, compass needles, electrical contacts, jewelry and lots of products that are generally prone to wear and tear. The chemical industry also makes use of the metal, and it is an efficient catalyst for chemical reactions. The rare metal is actually precious, as the annual production rarely exceeds 2 tonnes, while it is estimated that the total availability ...

Crowd Machine, a California-based cryptocurrency startup has fallen victim to a $14 Million hack. The Oklahoma police have arrested two men who reportedly stole millions of dollars from Crowd Machine, reported  CCN . Fletcher Robert Childers, 23, and Joseph Harris, 21, both of Missouri, were arrested by Police at a west side hotel on Monday. According to search warrants and Court documents, hackers used a SIM swapping technique to steal the victims’ passwords and identity. In a post on its  website , Crowd Machine stated that access to its crypto wallet was compromised and Crowd Machine Compute Tokens (CMCTs) were stolen. The company has also posted the thief’s wallet address 0x290d615eE921706ec8cCB2593F09B2D2e0F8B67c and asked customers not to deal with them. It further said that most exchanges have suspended trading in the currency. Crowd Machine Founder and CEO Craig Sproule told  local media , "The criminal investigation is ongoing so we’re not in a position ...

It’s 2018. Cars drive themselves, drones deliver packages, AI is your best friend. Technology has created infinite possibilities. Get a job by downloading an app, but good luck getting paid if your employer is in another country. “It’s faster and cheaper to put cash into a FedEx envelope!” said  Ripple  co-founder Chris Larsen at the Crypto Finance Conference earlier this month. “Cross-border payments are built on 1970s technology that doesn’t work in today’s world.” “The Gates Foundation has said that in order for all citizens to participate in the global economy, we need to be able to send fifty cents. Machine to machine payments needs to be sent in one-hundredth of a euro. Right now you can’t send 50 euros without it being eaten by fees,” said Larsen. The Payments Dilemma  Ripple’s Chief Market Strategist, Cory Johnson, echoed Larsen’s sentiments in discussing the global payments dilemma at  Cryptonite World  earlier this week. “The average time it...

As per our  Ripple price forecast for 2019  we predicted that Ripple would rise to 20 USD within 24 months, and, longer run, possibly overtake Bitcoin as the largest cyrptocurrency in the world. Today, we see the confirmation that Ripple is on its way to meet our forecast. Earlier than expected, we get very strong evidence from the market today that Ripple is the new Bitcoin. Ripple’s daily chart shows, once again, new and more interesting insights. This comes after our publication  Ripple Bullish Setup After It Confirmed Its New Bull Market  published just 2 days ago. Things are moving fast for Ripple now, and that is a very exciting things for crypto bulls, especially Ripple bulls. First, on the very short term, we observe another breakout out of the short term triangle. As said on Friday, the weekend would be decision time, it was as obvious as possible. Bulls are in control as of now. Second, the confirmed break above the June lows, see the successful test...

Crypto trading bots are continuing to evolve in sophistication and functionality — with new players entering the market routinely. Updated regularly, this article profiles a range of the today's most popular crypto trading bots Trading bots are computer programs that use various indicators to recognize trends and automatically execute trades. While algorithmic trading software has been used by hedge funds in the equity, commodity and currency markets, trading bots for private investors first appeared in the foreign exchange trading space. They have quickly made their way into the crypto asset market. Cryptocurrency trading bots There are currently dozens of cryptocurrency trading bots on offer. They range from free software that anyone can use to expensive subscription-based bots for professional crypto day traders. However, even the most popular cryptocurrency trading bots vary in quality, usability, and profitability. 3Commas 3Commas  is a popular cryptocurrency tra...

In a move targeting Bitmain’s manufacturing dominance in the world of ASIC chip production, Japanese start-up Triple-1 has announced the impending launch of its advanced 7 nm chip Originally established in November 2016, Fukuoka based semiconductor manufacturer TRIPLE-1 has developed 'Kamikaze', a semiconductor chip designed for use in bitcoin mining (the process needed to issue new cryptocurrencies and approve transactions) machines. The chip applies cutting-edge 7 nm process technology, making it several times denser than conventional 16 nm mining chips. It was always the company's goal for its chips to be state of the art the company says in a press release - stating "If we are going to make the number one in the world, then it shouldn't be 16nm or 12nm. There is no point in making it unless we are going to make it 7nm." The processing capacity of the new chip is said to be about twice that of the S9, which is the main product of Bitmain, China...