Looking back at 2013 it will come as no surprise that bitcoin (BTC) was number one in the top 10 measured by market capitalization (and about every other metric). It is a position that BTC has maintained, from the time the first competing altcoin – Namecoin – was launched in 2011 until today. The list…
In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app. Crypto Daily News: September 4th, 2018 Cryptocurrency News: Chinese Central Bank The People’s Bank of China (PBoC) has officially launched the beta testing phase of its blockchain…
Satoshi’s vision for Bitcoin was to build an economic vehicle that did not require a trusted agent. This is often called a ‘trustless’ system of payment. His justification for launching Bitcoin was that the trusted agents could no longer be trusted. Specifically, the trusted agents had become corrupt, and people needed a method of commerce…
Cryptocurrency enthusiasts and bulls have been hopeful that the US Securities and Exchange Commission (SEC) will grant the first Bitcoin ETF (exchange-traded fund) this year. However, these bulls have been left disappointed recently as the SEC has handed out a handful of rejections and postponements. Bill Barhydt, CEO of Bitcoin payment start-up Abra, told CNBC…
Each day, more and more blockchain technology-based solutions are being developed across various major industries and applications globally. It’s also evident how the blockchain revolution has brought about great success, especially in the financial sphere. In fact, as time goes by, we expect to see more industries adopting this technology. The nascent rise of blockchain…
During 2017 and what might be considered the ICO ‘heyday’ it is fair to say that the legal status of many of these capital raising initiatives wasn’t a priority for founders — if it was considered at all. As the year wore on, however, the size of the raises began attracting attention beyond the crypto-world…
Currently, centralized institutions like governments or banks act as gatekeepers to identity. In a world where we travel more and have increasingly digital lives, who controls your identity and what they do with it, is becoming an increasingly complex issue. Enter the rise of self-sovereign identity. Self-sovereign identity is decentralized and puts individuals in control…
Square wins patent for multi-crypto payment solution (medium impact) US-listed payment app Square has been on a tear this year, its stock price having surged 130% this year alone and this week had a patent for a new crypto payment solution accepted by the US Patent and Trademark Office. CCN published the pages of the…
China may be doing all it can to suppress cryptocurrencies, but South Korea is going the opposite way. Specifically, in its Gyeongsangbuk-do Province. But what’s going on? Well, according to sources, officials are partnering with blockchain startup Orbs to create a province-specific coin called the Gyeongbuk coin. But why? South Korea’s Gyeongbuk Coin The province is…
In January 2018, Michael Terpin reportedly attended the Consumer Electronics Show in Las Vegas where he ended up losing his smartphone. While this was an inconvenience, he says the real shock came when he realized that a hacker was able to use his phone number to convince a support representative from Terpin’s network provider, AT&T,…
