The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall

The Weekly: Coinbase Increases Limits, Shapeshift Acquires Bitfract, Okex Launches Coinall

The Weekly In this week’s daily editions of Bitcoin in Brief we reported about Coinbase increasing trading limits, Shapeshift acquiring Bitfract, Okex launching a white label platform called Coinall, and much more. The most commented-on article during the week covered the ‘Rich Dad, Poor Dad’ author, Robert Kiyosaki, which came out in favor of cryptocurrencies. Also Read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users New Education Centers A number of new academic education centers around the world devoted to the research of the technology behind cryptocurrency were featured on Monday. China Internet Nationwide Financial Services Inc. (NASDAQ: CIFS), a financial advisory services provider, has reached an agreement with Tsinghua University to establish an “Industry Trusted Blockchain Application Technology Joint Research Center”. The Istanbul Blockchain and Innovation Center was inaugurated at Bahçeşehir University. And Seven Stars Cloud Group, Inc. (NASDAQ: SSC), the fintech firm of Chinese media tycoon Bruno Wu, has announced that it will be establishing its global headquarters for technology and innovation, called Chain Valley, in Connecticut, transforming a Uconn campus into a center for research. Robinhood Crypto Expands Service On Tuesday, we reported that Robinhood, the US stocks app, has added another two states where cryptocurrency trading is now supported for its clients, Iowa and Georgia. The app also now supports Ethereum Classic (ETC), in addition to its previous offering of BTC, BCH, ETH, LTC and Doge. In total, Robinhood Crypto is now available in 19 US states. Additional stories included a Chinese user of Okcoin who is suing the exchange over his missing bitcoin cash following last year’s fork and a cybersecurity research that found trading venues experienced a massive surge of user data leaks. Coinbase Increases Trading Limits The main story on Wednesday covered a few new developments at Coinbase. Users are now able to buy digital coins right after they deposit funds from their bank account, cutting down a process that took days of waiting before. The company also announced an increase of the daily trading limits for US users, and for verified customers, the maximum allowable purchase will jump from $25,000 weekly to $25,000 per day. The exchange also noted that once the funds are transferred, there are no longer any limits to how much users…

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

Bitcoin’s Return to Innovation: Changing the World Through Peer-to-Peer Electronic Cash

News Developer Gabriel Cardona was personally recruited to fast track development of Bitcoin Cash (BCH). Open source, full featured development kit, Bitbox, his creation, has taken the community by storm, and it is now part of the Bitcoin.com developer universe. Money, Mr. Cardona likes to say, is critical to the human condition. And BCH and its blockchain are enabling financial sovereignty in a way which, he believes, is unique in history.Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Developer Gabriel Cardona Seeks a Path to Change the World Through Bitcoin Cash This week, developer Gabriel Cardona was guest for a full hour on the Vin Armani Show. At about the one hour and eight minute mark, Mr. Cardona began to lay out reasoning behind the burst of innovation in development on the Bitcoin Cash blockchain. With hotshot initial coin offerings ringing-in billions, venture capitalists pouring money into project after project, and nearly all crypto talk dominated by speculative price analysis, idealism is hardly ever mentioned. There is almost a sense of innocence lost, having given way to strange corporate realism. When idealism is employed, derision and condescension aren’t too far behind nowadays. Mr. Cardona, however, champions bitcoin cash as “the soundest money the world has ever known. As a developer you can make it available to all people, whatever their age, gender, nationality or financial status,” he explained to Vin Armani, founder of Coin Text, the text messaging way to send BCH without an internet connection. Mr. Cardona describes himself, 37, as a decidedly different person professionally, “a whole different frequency” only ten years ago. He spent most of his twenties vagabonding, playing music, traveling. Becoming a father around this time sobered him to clearer thoughts about a career going forward. A chance community college course led to his first project, then another, and another. For whatever reason, the web has always resonated with him. The ubiquity, the chance to be impactful on a large scale, appealed to Mr. Cardona professionally. That professional path eventually led him to code for Walmart, Target, Taco Bell, and to Triple A — all web development projects. Somewhere along the line, 2012 ish, he discovered bitcoin and Gavin Andresen’s Faucet, where Mr. Cardona received five bitcoin. This kept…

Brazil’s Pro Bitcoin Presidential Candidate: É Boa Pra Caramba!

Brazil’s Pro Bitcoin Presidential Candidate: É Boa Pra Caramba!

News É Boa Pra Caramba! roughly translated means ‘amazing’ in Brazilian Portuguese. Regional Bitcoiners might be using the expression more these days after Brazil New Party presidential candidate João Amoêdo came out recently as very pro-bitcoin. Mr. Amoêdo is heading into a contentious election this October. In an interview, when asked about cryptocurrencies such as bitcoin, he thought it was neither a threat to his country’s financial system, and that it comes with certain “advantages.” Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots Pro Bitcoin João Amoêdo is a Candidate for President in Brazil João Amoêdo is running for President of Brazil. He agreed to a recent interview with a regional news outlet, Portal Do Bitcoin. In it, the candidate spoke with some savvy about cryptocurrency, blockchain, and bitcoin, which politicians aren’t always known to do. He also seems to largely approve of the innovations crypto provides. “I see the blockchain as a protocol that increases the reliability and integrity of the data,” Mr. Amoêdo, 55 explained. “There are obvious applications, such as for interbank transfers or to register as a notary. Another, not so commented, is to use the blockchain to follow the productive chain of products. No matter how much ANVISA strives, it could hardly find out where they put cardboard in the meat. With the blockchain, this would not be a problem. We could follow every step of the production chain of a product, ensuring less bureaucracy and more intelligence.” João Dionisio Filgueira Barreto Amoêdo was an engineer prior to his political career. He founded the party under which he is running, the New Party, about a decade ago. Reportedly, he was fed up with being overtaxed, and wanted to see more privatization of government services in Brazil. The party’s platform is one for individual liberties and free markets, something like the United States’ Libertarian Party. Libertarians have been known to support cryptocurrencies. Mr. Amoêdo continued, “But this is just the beginning. The possibilities of using the blockchain go much further. It is possible to establish digital identities online, electronic voting platforms, increase transparency and accountability in public management. Facilitate and make transparent bidding processes, among many other things,” he told Portal Do Bitcoin. “I do not think they are a…

Study: Crypto Funds Number 466 Despite Trends, Uncertainty

Study: Crypto Funds Number 466 Despite Trends, Uncertainty

Economy & Regulation The number of crypto hedge and venture capital funds is increasing at a fast pace this year, already reaching a total of 466, despite the bearish market trend and continuing regulatory uncertainty. 96 new funds have been founded by the end of July, according to a new study whose authors believe this year’s number will exceed the record 156 launched in 2017. Also read: BTC via SMS Patented, Brave BAT Tips for Tweets and Posts 96 New Crypto Funds Founded In 2018 In a year of falling prices across the board, stubborn bearish market trend and persistent regulatory uncertainty, one would think this might not be the best time to deep dive into crypto. Some, however, see opportunities. Recently released data shows that 96 new crypto hedge and venture capital funds have been founded through July 31, this year. According to a study conducted by Crypto Fund Research, a provider of market intelligence on cryptocurrency investment funds, 2018 is in fact on the way to surpass 2017, “The Year of Bitcoin,” when it comes to the number of crypto fund launches. If the current pace of opening new crypto investment funds is maintained, their number is projected to reach 165 by the end of the year, compared to 156 launched last year. The cities that have hosted the biggest number of new crypto funds are San Francisco – 9, New York – 6, Singapore – 5, and London – 4. Cities like Austin, Dallas, Hong Kong, Philadelphia, San Diego, Tokyo, and Zug, where the Swiss Crypto Valley is based, have also seen multiple fund launches this year. More than half of all crypto funds currently in existence have been established in the last 18 months, according to another finding in the report. Their total number around the world has reached 466, Crypto Fund Research claims. Quoted in a press release, the company’s founder Josh Gnaizda commented: We expected a large number of new crypto funds to launch in 2018 to satisfy growing investor demand. However, the pace of new fund launches is a bit surprising given the dual headwinds of depressed prices and less than favorable regulatory conditions in many regions. Is There Enough Space for All of Them? The authors of…

Markets Update: Crypto Prices Consolidate After Some Volatility

Markets Update: Crypto Prices Consolidate After Some Volatility

Market Updates Cryptocurrencies markets have been volatile and very indecisive over the last 48-hours as the entire digital asset economy lost billions in value since US regulators postponed their decision concerning the Cboe/Vaneck BTC-based exchange-traded fund (ETF) last week. This Saturday, August 11, during the afternoon’s digital currency trading sessions (EDT), cryptocurrency trade volumes and price values are seeing some slight recovery. Also Read: Wormhole Mainnet and Developers’ Guide Launched Saturday Trading Sessions Show Some Market Rebounds At the moment a vast number of digital assets have rebounded back a hair after being smashed down by bearish forces over the last two days. At the time of writing the entire cryptocurrency economy is valued at $219B and there’s been $13.5B worth of digital assets traded over the last day. The top cryptocurrency market capitalizations are seeing some recovery after dropping very low during the early morning trading sessions. For instance, bitcoin core dipped to a low of $6,062 this morning, but around 1 pm EDT BTC/USD market valued pumped back up to a high of $6,494 per coin. However, most coins besides BTC have lost significantly more and BTC’s market dominance among all 1,600+ capitalizations has crossed the 50 percent region. Bitcoin Core (BTC) Market Action At the time of publication, the price of bitcoin core (BTC) per coin is roughly $6,390 on Bitstamp. The currency’s market valuation is $110B and there’s been $4.6B traded over the last 24-hours. The top trading platforms swapping the most BTC today includes Bitflyer, Okex, Binance, Bitfinex, and Fcoin. The biggest pair traded with BTC on August 11 is tether (USDT) which is capturing 54 percent of trades. This is followed by USD (25.6%), JPY (9.7%), EUR (3.12%), and BCH (2.6%). BTC/USD Technical Indicators After the quick pump up, BTC/USD charts are moving sideways for the time being after losing a touch of the gains. Right now the 4-hour BTC chart on Bitstamp and Coinbase show the MA100 is above the MA200 but the trend lines look like they may cross hairs. Currently, this indicates the path of less resistance could be towards the upside if things stay positive. RSI levels are mid-range (47.15) confirming indecisiveness at the moment, for now, buyers are able to keep the current support afloat. Looking…

Crypto Markets Slump Again, With Bitcoin Holding Gains

Crypto Markets Slump Again, With Bitcoin Holding Gains

Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day. Crypto market visualization from Coin360 Bitcoin is trading sideways, up by about 0.1 percent over the past 24 hours. The cryptocurrency is at the $6,438 price mark as of press time, following a dip to as low as $6,051 earlier today. After surging to about $8,230 on July 25, BTC is down 8.5 percent on the week. However, the coin is still up 1 percent over the past 30 days. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index After losing the $400 support this Monday,  Ethereum (ETH) has plunged to as low as $306 today. It is now trading at $327, with its price 8 percent down over the 24 hour period. Unusually, the coin has experienced the heaviest losses among top ten coins by market cap on the day. Ethereum has lost 25 percent of its value over the past 30 days, and more than 50 percent over the past three months. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Among the top 20 altcoins by market cap, EOS and IOTA (MIOTA) have seen the largest losses over the past 7 days, according to Coinmarketcap. At press time, EOS is trading at $5.23, having lost around 25 percent of value over the past week, while IOTA is down 36 percent on the week, and is trading at $0.54. Total market capitalization has dipped to as low as $206 billion today, but the markets have managed to retrace some of those losses, bringing the number to $216 billion as of press time. While the total market cap has dipped to levels not seen since mid-November last year, the number of all digital currencies has recently surpassed 1,800, according to Coinmarketcap. Total market capitalization chart. Source: Coinmarketcap Today, Bitcoin’s share of the total market cap has reached 50 percent for the first time in 2018, as a result of continuous growth that began in May. For comparison, back on Jan. 1, Bitcoin’s dominance was around 37 percent. Bitcoin’s share of total market cap (dominance).…

Satoshi Nakamoto Hunted Internationally, Bounty Grows

Satoshi Nakamoto Hunted Internationally, Bounty Grows

Crowdfunding #Findsatoshi is the latest effort to galvanize worldwide support in order to, once and for all, find the enigmatic creator of Bitcoin, Satoshi Nakamoto. The group has taken to an international crowdfunding campaign, enlisting world class private detectives from Japan to New York, and everywhere in-between.  Also read: Report: 15,000 Twitter Crypto Scam Giveaway Bots #Findsatoshi Hunt is On Estonian German Neff has taken to a Russian crowdfunding site, hoping to raise nearly a quarter million dollars to finally discover the true identity of Satoshi Nakamoto, Bitcoin’s pseudonymous father. With funds collected, the aim is to hire private detectives from all over the world: Japan, New York, London, and Russia. “It’s about time we found Satoshi Nakamoto,” Mr. Neff explains. “Before the new economy gained momentum and until Bitcoin did not cost nearly $20.000, digital money could have been called ‘geek pampering.’ The appearance of Bitcoin is widely compared to supernova explosion. And after one has happened, some uncertainty started to take place.” Satoshi Nakamoto’s true identity has been speculated for years. The search for him has turned hilarious, sad, and, at times, profound. Mainstream media coverage has a horrible track record. Outlets such as Newsweek insisted they’d found him, turning the affair into a giant circus, causing a befuddled gentleman and his family severe disruption of their lives. Wired magazine is good for at least once a year embarrassing itself with many thousands of words articles really, really, really sure this time they’ve uncovered the truth about Satoshi Nakamoto. Nevertheless, Mr. Neff insists, “Satoshi needs to be found. And it is not just a trite curiosity. Now the market is on a fragile balance; for the further development of cryptocurrency, we need to know who created crypto and why. Was it really an enthusiast who gave the world an independent currency or was it a group of people pursuing scientific or purely selfish purposes? Or perhaps Bitcoin is an invention of a large company or an IT giant that decided to take a new direction? Can Bitcoin be the state invention, created with the purpose to control all transactions? There are many assumptions as to who might be behind this, but neither theory has been confirmed.” International Hunt At press time, the campaign…

Crypto Markets See More Slump After Short Recovery Attempt, Bitcoin Holds Gains

Crypto Markets See More Slump After Short Recovery Attempt, Bitcoin Holds Gains

Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day. Crypto market visualization from Coin360 Bitcoin is trading sideways, up by about 0.1 percent over the past 24 hours. The cryptocurrency is at the $6,438 price mark as of press time, following a dip to as low as $6,051 earlier today. After surging to about $8,230 on July 25, BTC is down 8.5 percent on the week. However, the coin is still up 1 percent over the past 30 days. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index After losing the $400 support this Monday,  Ethereum (ETH) has plunged to as low as $306 today. It is now trading at $327, with its price 8 percent down over the 24 hour period. Unusually, the coin has experienced the heaviest losses among top ten coins by market cap on the day. Ethereum has lost 25 percent of its value over the past 30 days, and more than 50 percent over the past three months. Ethereum price chart. Source: Cointelegraph Ethereum Price Index Among the top 20 altcoins by market cap, EOS and IOTA (MIOTA) have seen the largest losses over the past 7 days, according to Coinmarketcap. At press time, EOS is trading at $5.23, having lost around 25 percent of value over the past week, while IOTA is down 36 percent on the week, and is trading at $0.54. Total market capitalization has dipped to as low as $206 billion today, but the markets have managed to retrace some of those losses, bringing the number to $216 billion as of press time. While the total market cap has dipped to levels not seen since mid-November last year, the number of all digital currencies has recently surpassed 1,800, according to Coinmarketcap. Total market capitalization chart. Source: Coinmarketcap Today, Bitcoin’s share of the total market cap has reached 50 percent for the first time in 2018, as a result of continuous growth that began in May. For comparison, back on Jan. 1, Bitcoin’s dominance was around 37 percent. Bitcoin’s share of total market cap (dominance).…

Wormhole Mainnet and Developers’ Guide Launched

Wormhole Mainnet and Developers’ Guide Launched

Technology & Security There’s been a lot of activities taking place with the new project developed by Bitmain called Wormhole. The team of developers just recently launched the Wormhole mainnet where the public can see the list of coins and the generated Wormhole Cash (WHC). Meanwhile, Gabriel Cardona, the creator of the Bitcoin Cash development kit, Bitbox, released a whole guide for individuals and groups so they can create tokens and crowdsales on the BCH chain. Also Read: Wormhole Project Launches — $1.2M Worth of BCH Burned So Far Wormhole Developers Launch Mainnet Wormhole.cash is a project for the Bitcoin Cash (BCH) chain that provides any individual or organization the ability to create representative tokens. This means users can create tokens that can represent anything they choose like a commodity such as gold, silver, copper, and tobacco. The tokens could also be stocks, bonds, loyalty points, and even coins pegged to a fiat currency like the US dollar. Wormhole is a fork of the project Omni Layer which created and issued the very well known dollar-pegged token tether (USDT). Users can now view a token and WHC generation list. This week the Wormhole creators launched the project’s mainnet and a blockchain explorer for created tokens and the Wormhole Cash (WHC) generation list. At the moment there’s about 178 tokens listed on the website wh.blockabc.com. According to the WHC generation list it’s been about five days since the last burn for WHC. For every 1BCH burned, the protocol uses the OP_RETURN in the Wormhole burner and the transaction credits the receiving address 100WHC. Right now WHC tokens are being traded against BCH on the exchange Coinex, and at the moment 1WHC is worth 0.008742BCH ($4.85). Developer Tools and Guides Are Now  Available for the Wormhole Client Additionally, on August 9, Gabriel Cardona the creator of the open source BCH software developer’s kit (SDK) called Bitbox created a Wormhole getting started guide. People can utilize Bitcoin.com’s developer’s tools to create tokens and launch a crowdsale using the Bitcoin Cash protocol. Check out developer.Bitcoin.com/wormhole to get started with Wormhole.  Cardona explains that Wormhole is a fully featured Javascript codebase that he integrated with Bitbox allowing any individual or organization the ability to launch ‘fixed’ and ‘managed’ tokens or even start an initial coin offering…

Wormhole Mainnet and Developers Guide Launched

Wormhole Mainnet and Developers Guide Launched

Technology & Security There’s been a lot of activities taking place with the new project developed by Bitmain called Wormhole. The team of developers just recently launched the Wormhole mainnet where the public can see the list of coins and the generated Wormhole Cash (WHC). Meanwhile, Gabriel Cardona, the creator of the Bitcoin Cash development kit, Bitbox, released a whole guide for individuals and groups so they can create tokens and crowdsales on the BCH chain. Also Read: Wormhole Project Launches — $1.2M Worth of BCH Burned So Far Wormhole Developers Launch Mainnet Wormhole.cash is a project for the Bitcoin Cash (BCH) chain that provides any individual or organization the ability to create representative tokens. This means users can create tokens that can represent anything they choose like a commodity such as gold, silver, copper, and tobacco. The tokens could also be stocks, bonds, loyalty points, and even coins pegged to a fiat currency like the US dollar. Wormhole is a fork of the project Omni Layer which created and issued the very well known dollar-pegged token tether (USDT). Users can now view a token and WHC generation list. This week the Wormhole creators launched the project’s mainnet and a blockchain explorer for created tokens and the Wormhole Cash (WHC) generation list. At the moment there’s about 178 tokens listed on the website wh.blockabc.com. According to the WHC generation list it’s been about five days since the last burn for WHC. For every 1BCH burned, the protocol uses the OP_RETURN in the Wormhole burner and the transaction credits the receiving address 100WHC. Right now WHC tokens are being traded against BCH on the exchange Coinex, and at the moment 1WHC is worth 0.008742BCH ($4.85). Developer Tools and Guides Are Now  Available for the Wormhole Client Additionally, on August 9, Gabriel Cardona the creator of the open source BCH software developer’s kit (SDK) called Bitbox created a Wormhole getting started guide. People can utilize Bitcoin.com’s developer’s tools to create tokens and launch a crowdsale using the Bitcoin Cash protocol. Check out developer.Bitcoin.com/wormhole to get started with Wormhole.  Cardona explains that Wormhole is a fully featured Javascript codebase that he integrated with Bitbox allowing any individual or organization the ability to launch ‘fixed’ and ‘managed’ tokens or even start an initial coin offering…