Crypto Crew

Throughout 2018, Bitcoin has continued  to record lower highs, testing major resistance levels at $10,000, $8,000 and $7,000. according to Fundstrat’s Tom Lee, the steadiness of Bitcoin at $6,000 regardless of its lower highs is optimistic. In early 2018, Fundstrat emphasized in a report that the $6,000 level will probably be held by Bitcoin in the mid-term because it's the breakeven point for miners. That means, miners that utilize electricity and mining equipment to verify transactions on the Bitcoin network can still generate some profit if the value of Bitcoin stays on top of the $6,000 level. Lee explained on Bloomberg that the steadiness of BTC at the $6,000 mark and two major catalysts awaiting BTC in the year finish could push the price of BTC up substantially within the next two months. “$6,000 is a level that's a lot of important than we realized. Earlier this year, we were pointing $6,000 as breakeven for Bitcoin mining so that level should hold. The fact Bitcoin is

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London-based ONEm Communications has declared the launch of its mCoin program across Africa. Designed to be a hybrid currency, mCoin is a digital currency which will be transferred over text or through the smartphone app. Africa is a continent with millions of people that have access to mobile phones but little to no internet connectivity. ONEm needs to bring the advantage of cryptocurrency to millions of the unbanked in Africa through the mCoin program. ONEm Communications is a tech startup that develops advanced platforms supporting an ecosystem of services. The ecosystem is a set of interactive services that seeks to transform the way people communicate and access information on mobile. In an interview with Bitcoin Magazine, ONEm Co-Founder & chief executive officer Christopher Richardson said the reception for the mCoin in Africa has been “tremendous.” He believes the blockchain will be combined with mobile technology to connect the unbanked in Africa. "We believe when

Ten years on from the launch of the original cryptocurrency, bitcoin, there are thousands of cryptos in existence today, every with a unique function. Which of them are possibly to actually change the world? ETHEREUM/ETHER (ETH) Ever since the Ethereum network was launched in July 2015, its associated currency – also known as ethereum, or ether (ETH) – has proven massively popular for investors. This is due to its impressive transaction speed, compared to bitcoin, and also its widespread adoption. To appreciate the advantages of the ethereum cryptocurrency, first one needs to understand Ethereum. It's a decentralised, open-source, public-distributed computing platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. The Ethereum network has given rise to hundreds of DApps (decentralised applications), designed and deployed by developers. This programmable blockchain technology

Circle internet financial Ltd. is launching a USD-backed digital token dubbed the “USD Coin,” Circle’s blog reports Wednesday, September 26. A consortium referred to as Centre — which includes Bitmain Technologies Ltd. among its members — will act as a platform for deposits and fiat conversions for the stablecoin. Bloomberg notes that though Centre may be a “wholly owned subsidiary of Circle,” there are plans in plan to turn it into an independent organization. The USD Coin will reportedly be available on Circle’s Poloniex exchange, similarly as Huobi, OKCoin, KuCoin, and digital wallet and exchange Coinbase. As per Circle’s release, over 20 companies are about to announce support for the USDC, while others might add trading through the open ERC-20 standard. Centre will act as a regulator for USDC issuers, ensuring that they possess state licenses to handle electronic money, meet the anti-money-laundering (AML) standards, and have banking partners to carry their dollar reserves. Moreov

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Financial giant SBI group has declared that it's testing a crypto token to be used for retail payments over mobile devices. The group's investment arm, SBI Holdings, that launched Japan's first bank-backed crypto exchange in June, said in a news release Tuesday that it's about to kick off a proof-of-concept trial of its "S coin" token that's based on distributed ledger technology (DLT). Describing S coin as a "settlement coin," SBI Holdings's blockchain lead Mamoru Fujimoto and Yoshitaka Kitao, president of the company, collectively said the token will permit charging and settlement over users' smartphones. In the trial, they explained, employees of the group will be using the firm's S Coin Platform to hold out cash-free purchases at cafes and restaurants around the firm's headquarters in Tokyo. To allow workers to access the token, SBI Holdings installed a machine from Glory, that makes and operates automated cash devices, linkin

There are several gaming crypto projects which want to put in-game items on the blockchain but there's on project that has a much more ambitious goal (and the background to pull it off). GameChain is launching a custom chain to support gamers and developers in a number of the way. What is GameChain? It’s a blockchain-agnostic platform for gamers being developed by the people who worked on games just like the successful MMO “Star Wars: The old Republic”. they're supported by Eos Gravity, the biggest Eos community in the world. They have smart contracts, atomic swaps and a set of tools to assist game developers work on-chain. Let us look at some of the features that build this tech unique. 1.    Get rewarded as you play and use the tools provided Users generate and establish reputation points. This implies that each time you perform an action or an interaction, once you contribute to the community, you're actually building something along the way. The more you're contrib

A growing range of crypto exchanges in India have announced the come back of fiat deposit and withdrawal support despite the crypto banking ban imposed by the country’s central bank. Many different exchanges in the country also enable their users to use Indian rupees to buy and cash out cryptocurrencies through their exchange-escrow peer-to-peer (P2P) services. Exchanges Say INR Support Is Back Since the crypto banking ban by the reserve bank of india (RBI) went into impact in July, crypto exchanges in the country have been deprived of banking services. Several of them afterwards close up their inr support, disallowing users to create deposits and withdrawals in Indian rupees. The Supreme Court of India is scheduled  to hear petitions against the ban next week. However, recently at least three crypto exchanges within the country have announced the come back of inr deposit and withdrawal support despite the rbi ban. On Wednesday, September 12, crypto exchange Koinex announced that it

Bitcoin is usually known as digital gold, and for good reason. It’s relatively scarce, recognized across borders, and might be held anonymously. And unlike physical gold, that needs to be kept in a safe, Bitcoin codes can be kept on a computer or even a piece of paper. This makes Bitcoin a possible threat to gold bulls, one that has clearly caught the attention of the industry. The world Gold Council, an industry group representing gold miners, issued a report this year controversy that “cryptocurrencies are no substitute for gold” and won’t eliminate the need for the metal even if they do become a mainstream financial asset. Gold, the report notes, has the blessing of regulators, is less volatile than Bitcoin, and is a well-understood part of a balanced investment portfolio. Still, as the price of Bitcoin soared 1,400% last year, there have been indications that crypto had stolen some thunder—and maybe some assets—from gold. Demand for gold bars and coins in the U.S. fell in 2017, and

This year marked the third bear market in the history of Bitcoin; a year in which BTC lost 70% of its value, and the second biggest cryptocurrency, Ethereum, lost 85%. Looking down the list of altcoins those numbers don’t get any better. At least not for the majority. However, there are a small handful of cryptocurrencies that have quietly bucked the 2018 trend, and have carved their own successful path through the crypto landscape. Some simply weathered the storm better than others, while several diverged completely from the surrounding market. Here are five of the most bullish coins and tokens of 2018 so far. Chainlink (LINK) There was hesitance to include this token in the list since it followed the rest of the altcoin market in a 37% decline between the dips of April and June. But ever since then it has been nothing but upward trajectory for LINK as it maintained higher lows even throughout the dips of August and September. Recent news that Bithumb is to add Chainlink resulted in a

A Singapore blockchain startup is launching a fleet of blockchain-enabled electrical vehicles that mine crypto as users travel. The Company intends to cut back carbon emissions and to reward individuals for doing thus. Cars and climate change Road vehicles like cars, trucks and motorcycles are the biggest contributors of co2 emissions in the transport sector, overshadowing that of trains, planes and boats. In the united kingdom, the transport sector is the U.K.’s biggest contributor to co2 emissions, and at the present, there's a scramble not only in the U.K. but worldwide to put more electrical vehicles on the roads. CyClean aims to combat the problem by combining blockchain and cryptocurrency software with electric-powered vehicles as well as other products, such as solar panels and bicycles. The Company will allow its users to rent these energy-efficient products and be rewarded with cryptocurrency. Electric vehicles and products provided to CyClean by leading producers are upgr

The National commercial bank, Saudi Arabia’s first established bank, has become the most recent financial institution to join RippleNet, Ripple’s enterprise blockchain network. A massive market for international remittances because of its sizable migrant worker population, the kingdom of saudi arabia (KSA) has already seen its central bank pilot Ripple’s technology for immediate international payments. With over 5 million customers worldwide, the National commercial bank (NCB) has followed the central bank in connection RippleNet to enable near-instant international payments with partner banks internationally. RippleNet is Ripple’s enterprise blockchain network with over 100 financial institutions including banks, payment providers, remittance operators and other financial institutions using the SWIFT-replacement platform  for near real-time clearing and settlement of international transactions. The bank will initially hook up with financial institutions in North America and Asia, begi

A senior Dubai law enforcement official has predicted that digital currency will “soon” usurp cash, local news outlet Khaleej Times reported  Sunday, September 16. Speaking during a panel he was heading, Lt-Gen Dhahi Khalfan Tamim, deputy chairman of the Dubai Police and head of general security in Dubai, said that hurdles to digital currency turning into mainstream remained in lack of public awareness and insufficient crime prevention tactics. “...Faith in digital currencies will always be questioned as long as its source and tracking system stay unknown,” the times paraphrases Tamim. Dubai has taken a progressive-stance on both cryptocurrency and blockchain regulation in recent years, with the highly-publicized Blockchain Strategy and state-level interest putting the United Arab Emirates significantly ahead of its neighbors in the sector. During the panel, other senior figures echoed Tamim’s enthusiasm, arguing the UAE should release a “digital UAE cryptocurrency using blockchain te

Chen Min, the previous chief chip maker at Bitcoin mining chip developer canaan creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul capital of South Korea, Chen’s new company, Linzhi, will target building cryptocurrency mining devices, and its first official product are a series of application-specific integrated circuit (ASIC) miners designed specifically for Ethereum and Ethereum Classic. Ethereum ASIC miners are comparatively new. The first group arrived five months ago in April by way of Bitcoin mining giant Bitmain. Known as Antminer E3s, they were 1st shipped out last July and cost approximately $800 per unit. The first batch sold  out soon despite many selling limits, as well as Bitmain’s “one unit per user” principle, and restrictions on shipping to both Taiwan and China. The company had been touting its new technology since early February. Susquehanna analyst Christopher Rolland was one of the first voices to break th

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The Reserve Bank of on India (RBI) on Wednesday filed an testimony in the Supreme Court to clarify its stand on cryptocurrencies like Bitcoin. The central bank reserved its views on the legality of cryptocurrencies in India, telling the apex court that the constitution has not defined any legal system for virtual currencies. Citing the provisions of The Coinage Act and the rbi Act, the testimony explained that the existing legal frameworks neither recognize Bitcoin as currency nor money. Hence, they're not a legitimate payment system. The Supreme Court of India is presently hearing a case between the rbi and Bitcoin exchanges. The court’s busy schedule has pushed the hearing date twice already; the next hearing is currently scheduled for September 17, 2018. FEMA, PSSA Roadblocks to Recognition RBI has been facing a backlash from the Indian crypto-community ever since it ordered banks to discontinue their services with cryptocurrency exchanges. An RTI response after the blanket ban

While the Supreme Court of India hears the crypto exchange industry’s case against the central bank following the latter’s banking ban, regulators are exploring regulatory policies for the nascent sector. Businesses and associations in the cryptocurrency and blockchain sector are expected to participate in the hearing alongside the Securities and Exchange Board of India (SEBI), to discuss the long run of the cryptocurrency market of India. In its annual report, SEBI disclosed that it's sent government officials to Japan, UK, and Switzerland to study cryptocurrency rules in overseas markets with active digital asset exchanges and communities. Unexpected Variable In July, the supreme court of {india|India|Republic of India|Bharat|Asian country|Asian nation} declined to reverse the ban on cryptocurrency trading imposed by the central bank of India, requesting banks to keep up a strict ban on providing any financial services to cryptocurrency-related businesses. Speaking to Bloomberg,