Cryptocurrency Financial News
Seed Digital Commodities Market LLC and Zero Hash LLC, subsidiaries of the crypto derivatives provider Seed CX, have both been granted BitLicenses from the New York Department of Financial Services. The department has now issued over 20 BitLicenses since it was introduced in 2015.
Since Facebook announced Libra, world regulators have been quick to express their fears surrounding the cryptocurrency, but Ethereum co-founder Mihai Alisie believes the project will do more to negatively impact all the good fortune blockchain tech has been able to harbor over the years.
Veil launched in January, allowing users to place bets on Augur prediction markets. Now Veil’s co-founder, Paul Fletcher-Hill, has announced that, while the service’s community was strong, it was too small to keep the service functioning.
HDR Global Trading, which owns crypto exchange BitMEX, has given Bitcoin Core dev Michael Ford a $60,000 grant to “maintain the Bitcoin network and push code live.” Recently, in June, Ford become the fifth “Bitcoin maintainer,” meaning he has permission to merge new code to the actual Bitcoin codebase.
The Virtual Commodity Association, a group of four crypto exchanges, plans to launch six committees aimed at providing standards and regulatory oversight for the crypto industry as the association works to become a self-regulatory organization.
Over the weekend, UK-based blockchain platform Electroneum initiated a secret hard fork, replacing its proof-of-work consensus protocol with nonprofit miners comprised of charities and non-governmental organizations.
Victims of the Wave Field Community Ponzi scheme, which operated on the Tron network, have accused Justin Sun and Tron of being complicit in the crypto scam by remaining silent while the operation played out. Now Sun and the network claim a warning was issued in January on its WeChat messaging group.
Blockchains acquired slock.it earlier this year. Now the CEO has purchased the Kirkwood Bank of Nevada.
Coinbase claims its survey shows that over half of all Americans, when prompted with a list of cryptocurrencies, have at least heard of bitcoin, but when unprompted, the numbers dip down quite a bit.
Speaking at the Bitcoin 2019 conference, Snowden stated that Bitcoin’s lack of privacy was presently its biggest flaw, and he opened up about the encrypted services he used to communicate with journalists in 2013 (which he paid for with bitcoin).
Over Twitter, Ameen Soleimani, CEO of SpankChain, outlined a funding and governance plan for an Ethereum organization that could work to become a member of the Libra Association. Crypto Twitter had a word or two regarding Soleimani’s idea.
With over 30 Ethereum Improvement Proposals (EIPs) discussed during today’s biweekly Ethereum developers call, EIP 2024, which adds a new precompile to the Ethereum Virtual Machine, and EIP 1702, which aims to smooth out smart contract upgradability, were both approved for the Istanbul upgrade.
In development at Ethereum-based startup ETHSignals, Alternateth will act as a kind of test network for validating ideas and working on proof of concepts before they’re released to mainnet.
With IBM laying off 1,700 this month, most of the company’s blockchain division employees have stayed on, though losses were suffered in the division’s consulting department.
The nonprofit Hard Core Fund, co-created by Dovey Wan, has raised about $450,000 worth of bitcoin to help fund current network developers and bring more on in the process.
In the biweekly call with Ethereum 2.0 developers, Ethereum Foundation researcher Justin Drake proposed that with the code on track to be finalized by June 30, the first iteration of the 2.0 upgrade, dubbed Phase Zero, could come as early as January 3, 2020.
Rather than a collection of blocks that hold transaction records, Facebook’s Libra blockchain looks to be a single data structure that records transaction history, causing some to break out the term “glorified database.”
Along with newly added international companies Norilsk Nickel and Gloscad, a group of new associate members also joined the Hyperledger blockchain consortium, including the Ethereum Foundation.
The new Zcash client, dubbed Zebra, is an open-source software client written in the Rust programming language to make it easier for developers to write code on the network.
In an attempt to welcome more tech businesses to the state, Wyoming has enacted 13 blockchain laws over the course of two years, including the establishment of a new type of crypto-friendly banking license and rules that allow banks to hold digital assets.
