China s Ministry of Industry and Information Technology has released its ninth blockchain technology assessment index, rating the top cryptocurrencies according to the performance of their basic tech, applicability and creativity. The government sponsored rankings, published on Thursday, place EOS in the number one spot.The list has expanded to 34 cryptocurrencies with Ethereum, Ontology, GXChain, BitShares, NULS and NEO rounding out the top seven.
This bear revolt, coming amid a cold spell in large parts of the US and Europe, was rejected. But are bulls up to the task of pushing the markets higher?Some cryptocurrencies have better prospects than others.
Announced on Friday, the W3BCLOUD computing architecture will be developed through a collaborative effort involving ConsenSys, AMD, and United Arab Emirates based investment company Halo Holdings. W3BCLOUD will be used to power ;optimized datacenter solutions for emerging blockchain workloads;, the announcement #160;noted.The W3BCLOUD solution may be used by software programs developed for commercial enterprises and governments. As the "first independent cloud computing blockchain " enabled infrastructure, W3BCLOUD will provide "increased transaction throughput " with enhanced security. Commenting on the new initiative, Joseph Lubin, the founder of Brooklyn, New York based ConsenSys and co founder of Ethereum, remarked: #160;
2018 has been the polar opposite of 2017. Cryptocurrency prices were flying and doubling with sporadic timing. Cryptocurrency investors playfully spammed Moon and Lambo tweets. ICOs were the talk of the 2017 town. Today, things are different, especially for the once praised new way to raise capital.Dropping nearly 88% from its January 2018 ATH, Ethereum has been the cause of panic and stress for many ICO projects. These projects responded to the consistently dipping Ethereum prices by dumping their treasuries of the raised Ethereum. Each month the price fell, more Ethereum was dumped, creating a vicious cycle that has left some questioning the longevity and potential of not only just Ethereum, but ICOs and tokenization in general.
It is not a secret that the crypto market is very vulnerable not only to external factors but to internal changes as well. That s why to understand possible upcoming trends, it is extremely important to bear in mind both groups of factors.
Lubin's comments, which were delivered via Twitter, came a day after #160;technology news outlet The Verge #160;reported #160;that #160;ConsenSys, an Ethereum focused blockchain incubator ("venture studio") and solution provider, was planning to spin off most off of its 50 startups ("spokes"), and that this could mean up to 60% of the company's staff #160;could be laid off.ConsenSys, which was #160;founded #160;in 2015 by Lubin, currently has "over 1100 employees distributed globally in every continent except Antarctica." It primarily sees itself as "a #160;venture production studio focused on building and scaling tools, disruptive startups, and enterprise software products powered by decentralized technology, specifically Ethereum," and describes its mission as using "these solutions to power the emerging economic, social, and political operating systems of the planet."
It has been a relatively positive 24 hours of trade for the crypto market ahead of Bitcoin s 10th birthday today. During this time the entire value of the market has risen by 0.8% to US$202.8 billion according to Coin Market Cap. What has been happening? Bitcoin was given an early birthday present yesterday when San Francisco based cryptocurrency exchange and wallet provider Coinbase announced that it has raised an additional US$300 million of investment at a valuation of over US$8 billion. According to a release out of Coinbase, the Series E equity round was led by Tiger Global Management, with participation You ll also get all our free premium research including:
It has been a reasonably positive but uneventful weekend of trade for the crypto market. With small gains being seen across the board on Monday morning, the entire value of the market has risen 1% to US$210.7 billion according to Coin Market Cap. The market has seen a significant drop in volume this month, possibly indicating that a lot of traders have now given up on cryptocurrencies amid a series of sharp declines and concerns over price manipulation and security. Over the last five days the average 24 hour volume of coins traded over crypto exchanges ranged from US$12 billion to
Elon Musk has reportedly entered the world of cryptocurrency, with the entrepreneur;s startup The Boring Company now accepting Bitcoin, Ethereum, Bitcoin Cash and Litecoin.Founded in 2016, The Boring company 's mission is to eliminate traffic in major cities by creating a web of underground tunnels that provide a new way to rapidly move from one place to another. With the company building its first test tunnel in Los Angeles, Musk decided to sell a line of unique items promoting the venture, including hats and the now infamous "Not A Flamethrower. "
The hottest topic this week was when The Committee on Banking, Housing, and Urban Affairs met in an open session to discuss the current state and future of Cryptocurrency and Blockchain Ecosystem on October 11, 2018. As part of the hearing, the Senate listened to the skeptic perspective of Nouriel Roubini, Professor of Economics and International Business New York University Stern School of Business and a positive perspective of Peter Van Valkenburgh, Director of Research Coin Center, trying to draw a conclusion on the best and worsts of the world of blockchain and cryptocurrencies. In his testimony, Dr. Nouriel Roubini called cryptocurrency space the ”mother of all scams ”. He further claimed that cryptocurrencies aren 't scalable, are full of scams, and aren 't being used by anyone but criminals. While Dr. Roubini spilled poison with his comments, Peter Van Valkenburgh claimed that Bitcoin is revolutionary. He noted that bitcoin isn 't perfect, but neither was emailed in 1972 when it was first introduced to the world, implying bitcoin is still in its early days and still has a lot of room to grow, provided it 's given the chance. In another conflict, Charles Hoskinson, creator of Cardano, in a candid video explained the struggles he is going with the Cardano Foundation and its chairman, Michael Parsons. He also mentioned the issues IOHK and Emurgo were facing with the foundation and hence the best way forward was to break away from the Cardano Foundation. According to Hoskinson, While Emurgo and IOHK stuck to their job, according to Hoskinson, Cardano Foundation failed to do their part of work. In the video, Hoskinson points out that the Cardano community came forward to say that the Cardano Foundation was simply not doing its job the board has not executed ”on its core responsibilities and duties. ”
HTC earlier this year had disclosed that it was working on a futuristic Blockchain based phone, dubbed as HTC Exodus. Months later, we finally have an official release date of the phone. According to an Instagram post by the smartphone company, HTC Exodus blockchain phone is going to launch on October 22.Since the teaser doesn 't reveal much beyond the release date, we will have to wait longer to find out how HTC 's blockchain phone will work. Phil Chen, who is spearheading the company 's new blockchain initiative, earlier this year had said the phone will support cryptocurrencies like ”Bitcoin, Lightning Networks, Ethereum, Dfinity, and more. ”
Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn t mean that the San Francisco based cryptocurrency exchange has lost its status as crypto token kingmaker.Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC 20 token that runs on Ethereum, on its professional order book exchange Coinbase Pro (formerly GDAX). At present, traders can make ZRX deposits, though the order books had not yet opened for trading as of the time of writing.
Posted by Ian Cooper Oct 7, 2018 Business, Cryptocurrency, Ethereum, General 0
Google announced this week that their blanket ban of cryptocurrency related ads will end in October. The updated policy doesn 't mean it 'll be an advertising free for all, however. Advertisements for ICOs, wallets, and trading advice are still on the blacklist, and approved ads can only run in the United States and Japan. Following Facebook 's lead, crypto related companies need to fill out an application to advertise their products or services.XRP prices jump as US based Bitcoin exchange Coinbase prepares to list more crypto assets, announced the company. Coinbase is currently offering Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. In its blog, the company announced that it is currently working on compliance and regulatory issues which will further pave the way to enlist more assets. It said, ”The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against. ”
The comments from Ian Mcloed, from Thomas Crown Art, the world s leading art tech agency that he established with renowned art dealer, Stephen Howes, comes as Ethereum, the world s second largest cryptocurrency by market cap, began a price recovery on Friday after being hit hard with a major sell off in recent weeks.Bitcoin the biggest digital currency had also been in decline, but it bounced back quicker than its nearest competitor. Indeed, Ethereum had crashed 85% overall this year.
Yesterday it was the turn of Ripple and its new tool XRapid. The new product promises to make financial transactions faster and cheaper by using the XRP token as a vehicle between fiat currencies nodes.