Coin Market Cap
 

Developers turning to hard forks rather than ICOs for fundraising

Originally, companies who need to fund their development cryptocurrency projects did so by providing Initial Coin Offerings (ICOs). For those who need to do this fundraising, a new trend is emerging: the hard fork. The forks imply a protocol change that results in an old and a new version of a cryptocurrency. The developers have no monetary advantage as they only make a change. The holders of the original cryptocurrency keep hold of coins on both branches. This was especially true with Bitcoin Cash; this was a true Bitcoin fork that provided larger blocks. As the developers simply made a...

Read More

Singapore-Hong Kong blockchain trade network now includes over 20 banks

The central banks of Hong Kong and Singapore have revealed that numerous banks are signed up to their recently-announced blockchain-oriented trade network. The new technology and innovative ideas at the heart of this network make it an appealing prospect for forward-thinking financial institutions, so this news should be nothing but encouraging for cryptocurrency enthusiasts. It is expected to launch in 2019, and will now involve the participation of more than 20 global banks and financial institutions, according to a Business Times report. The proof-of-concept is called the Hong Kong Trade Finance Platform, and it is a collaboration between the Hong...

Read More

Nasdaq look into blockchain storage for asset data

The operator of the global stock exchange, Nasdaq, is exploring the possibility of storing asset ownership information on a blockchain. A recent patent application to the U.S. Patent and Trademark Office shows the company's outline of how it could utilise a distributed ledger to keep a record of who owns an asset, as well as provide digital wallets to enable owners to access their assets. The application acknowledges each block's cryptographic hash value as an appealing feature, exclaiming that the fact a blockchain is immune to modification from malicious third parties serves as an effective security protocol for protecting the...

Read More

Bitcoin breaches the $8,000 mark after massive head fake

Late on November 16th, Bitcoin broke the $8,000 level for the first time, capping out at $8,020 on Bifinex before receding to $7,900 at press time. It's becoming repetetive to read about Bitcoin beating its previous high, but on this occasion it's different - Bitcoin pulled off a massive head fake. Taking a look back When the SegWit2x hard fork was cancelled, the Bitcoin price instantly spiked from $7,200 to $7,800. But in less than an hour, the price was plummeting, sinking to a local low of $5,500. Meanwhile, rival Bitcoin Cash surged from $600 to $2,600, due to many...

Read More

No world without Bitcoin by 2040?

According to Balaji Srinivasan, a prominent venture capital investor and Earn.com CEO, everyone below the age of 30 "will have never known a world without Bitcoin". Earn.com is a Bitcoin-focused startup that has managed to raise more than a hundred million dollars in its early-stage funding. What Srinivasan is saying is that, in his opinion, everyone born after 2010 will be using Bitcoin as a store of value or currency by the time 2040 comes around, given the current rate of Bitcoin adoption by businesses, financial institutions, investment firms and general consumers. Increasing adoption rate This week, Coinbase, CBOE, CME...

Read More