Meet Be.cash: An Offline Bitcoin Cash Sending Tool

On October 13, software developer Tobias Ruck showed off a demo of an offline bitcoin cash (BCH) wallet tool called Be.cash. The concept provides individuals with the ability to send and sign a BCH transaction without internet service. Also read: 80% of Crypto Trade Volume Tracked by Blockchain Surveillance Be.cash: A Tool for Sending and Signing Bitcoin Cash Offline Since the inception of cryptocurrencies, detractors have always said that not being able to send funds offline is a weakness. The fact is that most digital currency transactions are internet-dependent but…

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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky 17% of Polled Students Have Had Investments in Crypto China has a mixed attitude towards cryptocurrencies in general. On the one hand, the government in Beijing effectively…

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Rare Joint Statement From U.S. Regulators Proves Crypto Centralization Is Here

The U.S. SEC, Fincen and CFTC issued a rare joint statement Friday addressing regulation of “activities involving digital assets.” Citing crypto’s perceived role in money laundering and terrorism, the regulatory power trio prescribed stricter adherence to anti-money laundering (AML) policies and know your customer (KYC) protocols. The statement is a highly visible product of the new crypto reality: for many, it’s no longer about Satoshi’s vision, but regulated, de-clawed digital assets for the obedient masses. Also Read: Telegram Awaits Court Hearing on SEC Case Against Its Token Sale Centralization of…

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ICOs Are Dead But ICO Scammers Are Immortal

The initial coin offering may have all but died, but the ICO scammer marches on regardless. Whereas legitimate projects have to wrangle with all kinds of challenges including the strength of the market, generating value for investors, creating a real product and actually delivering on the promises they make, the soulless scammer is unencumbered by technical constraints, work ethic or any sense of decency. Also read: Bitcoin’s Smallest Unit ‘Satoshi’ Added to Oxford English Dictionary How Do You Kill That Which Has No Life? Much like the humble cockroach, there…

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Where US Regulators Stand on Cryptocurrency

The U.S. has many regulators responsible for overseeing different aspects of crypto assets, each with its own stance on how they should be regulated. Major regulators in the U.S. with strong opinions on cryptocurrency include the SEC, the CFTC, the Federal Reserve, Fincen, and the IRS. Also read: Tax Guide: What Crypto Owners Should Know The Securities and Exchange Commission The Securities and Exchange Commission (SEC) has statutory authority over crypto assets that are deemed “security,” with its oversight extending to the offer, sale and trading in those assets. A…

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CoinShares, Blockchain Launches “Digital Gold” Token on Bitcoin Sidechain

A consortium of firms including CoinShares and Blockchain has launched a gold-backed token dubbed the “digital gold” (DGLD) token to be secured on the Bitcoin blockchain. In development for about two years, the DGLD network launched on October 15, 2019, with a supply reported to be backed by about $20 million worth of physical gold, stored in the vault of Swiss-based custodian PAMP. The Ocean Bitcoin Sidechain, MainStay and Tokenizing Gold The bullion has been tokenized on the Ocean Bitcoin sidechain, a network developed by blockchain firm CommerceBlock.  The CommerceBlock…

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Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power

Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S.  According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t the first time that Layer1 has accessed external funds to bankroll its operations. In December 2018, the company successfully raised $2.1 million in seed funding from Thiel, venture capital firm Digital Currency Group and others.…

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Bitcoin Price Analysis: Constant Supply Shows Signs of Market Weakness

Over the last few weeks, the bitcoin market has been constantly flooded with high-volume, high-spread moves to the downside. There have been a few impulsive, bullish rallies but nothing that has been sustained and nothing that is showing signs of supply absorption. At the time of this video, the market is testing a very important level for the fourth time and, if we fail to close above the $8,080 level, would likely mean we will be visiting the mid-$7,700s.   However, if we manage to close a daily level above $8,080,…

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80% of Crypto Trade Volume Tracked by Blockchain Surveillance

Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum. On Tuesday, the firm Ciphertrace announced that it’s now tracking 700 cryptocurrencies providing “visibility into 87% of the global trading volume.” Also read: Berlusconi Admins Disappear — Darknet Users Rush to Find Alternatives Chainalysis Now Tracks 21 Popular ERC20 Tokens Blockchain surveillance teams have been ramping up operations in order to appease…

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Grayscale Posts Record Quarter Despite Slump in Bitcoin Prices

Grayscale Investments, one of the world’s leading digital asset management companies, has reported a new milestone. According to a quarterly report, the New York–based firm announced inflows of $254.9 million in net investments, a new record for a single quarter that tripled the $85 million it accrued in the preceding quarter.  Michael Sonnenshein, the managing director of Grayscale, told Fortune that the new record is a reflection of increasing interest from professional investors, who now see cryptocurrencies as a viable option in their investment portfolios. Grayscale noted that 84 percent…

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