While financial chiefs around the world gathered to discuss the “serious difficulties” Facebook’s Libra cryptocurrency may cause, the summit was also swirling with rumors that Japan was leading the development of a government-backed international crypto payments system meant to help tackle money laundering issues.
Read MoreDay: July 18, 2019
Bitcoin Appears To Be A Night Owl
Crypto analytics company Crypto Data Download has released a study showing that bitcoin’s price is most volatile from midnight to 1 a.m. UTC. The combination of North America logging off at the end of the day and Asia just getting started causes the perfect price fluctuation storm.
Read MoreLightning Network’s Antifraud Methods Inferior to Nakamoto Consensus, Research Shows
The Lightning Network, the touted scaling solution for the BTC chain, has recently seen its capacity decrease significantly and the beta project is still best suited for a cliche of technically savvy users. Now according to an analysis by Bitmex Research, the Lightning Network’s nodes have taken 2.2 BTC in “justice transactions” even though the connections might not be dishonest. Also read: Looking Beyond the Lightning Network Hype: Everyday Users Experience Issues 2.2 BTC Taken in Justice Scenarios on the Lightning Network It’s been well over 18 months and the…
Read MoreSEC Begins Green-Lighting Token Offerings
The U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims. Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments Historic Event for Crypto Industry The U.S. Securities and Exchange Commission (SEC) began qualifying token offerings under Regulation A+ (Reg A+) last week. Blockstack PBC announced on July 10 that its application for…
Read MoreBitcoin and Voluntaryism – Where Libertarian Philosophy Meets Crypto
For the uninitiated, voluntaryism is a philosophy based on consent. In the simplest terms it says: “If it’s not voluntary, it’s not moral.” This basic statement is often countered with “Yes, but not everyone agrees on that, some people use violence to get what they want.” This is 100% true. And this is why voluntaryists are not pacifists, but believe in and support self-defense. Self-defense as per voluntaryism is defined as protecting one’s property, which begins with the self. As such, the philosophy and its adherents have taken a remarkable…
Read MoreIgnore Crypto Twitter – Life as a Nocoiner Isn’t That Bad
Crypto Twitter (CT) is filled with half-witted commentary and price predictions by so-called luminaries, maximalists, and influencers. As the price of BTC has dropped to four figures, the usual tweets from CT thought leaders has insisted that this is the last chance to buy bitcoin for under $10,000. Also read: Bitcoin Cash Update: Multi-Party Escrow, Vitalik Suggests BCH as Data Layer for ETH This Is Your Last (Last) Chance to Buy Cheap BTC The price of BTC is under $10K and you would think from some of the cryptocurrency influencers…
Read MoreSomebody is Trying to Trademark Litecoin in Europe
It seems that someone is attempting to trademark the word “Litecoin” in Europe and the Litecoin Association is looking for help from users in order to object to the ‘bad’ trademark application. Interestingly enough the trademark application has absolutely nothing to do with crypto currencies and is not related to the Litecoin (LTC) crypto currency. There is a dedicated website accepting donations in Bitcoin and Litecoin (unfortunately not providing a lot of details and not very professionally made) as well as an IndieGoGo campaign. The goal is to collect the…
Read MoreBitcoin Price is on the Rise Again
The last few days the exchange rate of Bitcoin (BTC) has been steadily going up and today it has surpassed the $270 USD mark and that may not be the highest point it may reach this time. So you might want to keep a closer look at how things progress, though unfortunately it seems that the peak in price of BTC is not affecting much other coins as Litecoin this time. LTC has been keeping a steady exchange rate for a while now at a little above $3 USD. The…
Read MoreLibra Search Data Skyrockets In China
Following Facebook’s back-to-back congressional hearings regarding the state of its Libra cryptocurrency project, “Libra” moved up to the third most searched topic on China’s web search giant Weibo.
Read MoreBinance Finds $775K Worth Of Stellar Tokens
Binance has found itself to be in the possession of $775,000 worth of Stellar tokens after unknowingly receiving dividends for validating transactions on the Stellar network since August 31, 2018. The crypto exchange announced it would distribute the found tokens to all Binance users holding at least 10 Stellar tokens on Saturday, July 20.
Read More