dailycryptonews-blog - Tumblr blog

[dailycryptonews-blog]

Crypto News - Ethereum Tops In Crypto Meetups

Ethereum Tops In Crypto Meetups For the most part of their decade-long history, cryptocurrencies were unknown or ignored by the large part of today’s traders, investors, and enthusiasts. It wasn’t until the second half of 2017 that most of the current crypto community truly paid attention to th... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Ethereum Tops In Crypto Meetups

For the most part of their decade-long history, cryptocurrencies were unknown or ignored by the large part of today’s traders, investors, and enthusiasts. It wasn’t until the second half of 2017 that most of the current crypto community truly paid attention to this technology.

This is when digital currencies experienced the largest surge in value in the last ten years, and when thousands upon thousands new investors rushed in, wishing to join the new market. However, as soon as 2018 arrived, a price crash followed, with many believing that this will be the end for digital currencies.

While the bear market did not help their development, or their expansion into the mainstream, the interest in crypto did not go away. In fact, it kept growing, and online searches for cryptocurrencies, Bitcoin, numerous altcoins, and alike have had a surge of their own.

Additionally, as the community kept growing, it established a large presence on numerous social networks. Websites like Reddit, Twitter, and alike have become a home to some of the largest and most supportive coin communities. One report from September 2018 claims that there has been a 1500% increase in social media activity regarding Ripple (XRP), the third largest coin by market cap.

While this was likely sparked by events surrounding XRP products such as xRapid, the increase in activity also extended to Ripple’s price, which doubled in a span of a few days. However, all of this still pales in comparison to crypto activities on a platform called Meetup.

Crypto meetups growing in number

Meetup is one of the most popular platforms for organizing various events around the world. While it is not crypto-specific in any way, the presence of crypto community on this platform has been quite noticeable in recent months.

Contrary to expectations, however, it is not Bitcoin community that is dominating this platform. Instead, it is Ethereum meetups that have been largest in number so far. So far, Meetup reported over 245 regular Ethereum meetups that were organized around the world. This is likely due to the fact that Ethereum doesn’t focus on being a currency alone. Instead, its network offers the creation of dApps, new altcoins, smart contracts, and alike, which makes it a “busier” place.

Bitcoin, on the other hand, only has around 102 regular meetups, which makes ETH more than twice as popular on this platform. However, Bitcoin doesn’t even take the second place, which was claimed by EOS, with 145 regular meetups around the world. Instead, BTC is third by meetup number, and the last coin to have the number of meetups exceed 100.

On sites like cryptomeetups.io, such events are listed and categorized by cities, which makes it significantly easier to find the closest one, and participate in it. Of course, all information comes from meetup.com itself, which makes it reliable. Furthermore, these meetups are not only for crypto enthusiasts but also for those interested in blockchain technology as well.

Other notable cryptocurrencies that have grown popular on Meetup platform include Cardano, with 54 regular meetups, as well as IOTA, that numbers around 40 of them. Monero is among the most popular privacy coin with around 16 meetups, while Stellar has 24 regular events. Surprisingly, the third largest coin by market cap, Ripple, only has 15 meetups, according to information provided by the platform. However, apart from these coins, other currencies have significantly less.

These numbers clearly indicate which coins are among the most popular ones among the community, with Ethereum undoubtedly leading the race. While this should not be taken as a hint which coins to invest in, it should definitely be kept in mind, since it provides a valuable insight into what actually interests the community.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post Ethereum Tops In Crypto Meetups appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/ethereum-crypto-meetups/

  source: https://globalcoinreport.com/ethereum-crypto-meetups/

Post source: Ethereum Tops In Crypto Meetups

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report

Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the cryptocurrency industry on the old... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report

Bitfury, one of the largest non-Chinese cryptocurrency mining companies, is reportedly eyeing an Initial Public Offering (IPO) to become the very first major public listing within the cryptocurrency industry on the old continent. 

$3 to $5 Billion Valuation

Citing sources familiar to the matter, Bloomberg reports that European cryptocurrency mining company Bitfury is examining a broad range of options for its public offering. These include raising debt financing or even selling a minority stake of its ownership.

Reportedly, should the company move forward with a potential IPO in the next two years, it could reach a valuation ranging between $3 and $5 billion. Of course, these numbers can vary based on the current market condition as well as the overall health of the industry, according to Bloomberg’s sources.

Additionally, Bitfury has supposedly contacted global investment banks in Amsterdam, London, and Hong Kong, ahead of the purported IPO.

The company announced the release of their new ASIC chip last month, as well as a new generation of Bitcoin mining hardware.

In Bitmain’s Footsteps

While it’s unlikely that Bitfury will go through with its purported IPO throughout 2018 as we’ve already halved the fourth quarter, 2018 saw other cryptocurrency mining companies go public as well.

Earlier in May, Canaan Creative, a Chinese company better known for their Avalon ASIC lineup, officially filed $1 billion in IPO funding with the Hong Kong Stock Exchange.

In July Bitcoinist reported that Bitcoin mining giant Bitmain is also purportedly eyeing an IPO with a staggering $14 billion valuation.

However, a set of leaked documents suggested that just about $105 million of the company’s assets were cash, while $1.17 billion were held in cryptocurrencies, raising concerns because of the overall state of the market in 2018.

What do you think of Bitfury’s reported plans to go public? Don’t hesitate to let us know in the comments below!

Images courtesy of Shutterstock, Bitcoinist archives

The post Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report appeared first on Bitcoinist.com.

  source: https://bitcoinist.com/bitfury-bitcoin-mining-ipo/

Post source: Bitfury Could Be The Next Bitcoin Mining Company to IPO: Report

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Coinbase To Start Offering Custodial Services

Coinbase To Start Offering Custodial Services A new report issued by the DFS (Department of Financial Services) of the state of New York stated that cryptocurrency exchange Coinbase has received an approval to form custodial firm for cryptos. The new firm, Coinbase Custody Trust Company LLC,... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Coinbase To Start Offering Custodial Services

A new report issued by the DFS (Department of Financial Services) of the state of New York stated that cryptocurrency exchange Coinbase has received an approval to form custodial firm for cryptos. The new firm, Coinbase Custody Trust Company LLC, will offer custody services for six different digital currencies. These will include all major coins that Coinbase has already listed — Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ethereum Classic — but also Ripple (XRP), which does not fall under that category.

The new move was announced only a few hours after Coinbase officially added support for USDC. Up to this point, the exchange already had two DFS licenses — Virtual Currency license, and Money Transmitter license. These two allowed it to trade, store, receive and transfer digital assets. While it is still unclear whether or not the new subsidiary will offer custody services for altcoins like USDC or ZRX, which are now also listed on the exchange, the move is still very beneficial to the general crypto market.

Asiff Hirji, the president and COO of Coinbase, commented by saying that that the NYDFS has always been a strong supporter of the crypto industry and its development. Furthermore, by opening new channels of funding, Coinbase will bring significant benefits to the crypto space.

Coinbase moves to further expand its services

The exchange’s recent moves are very different from their usual approach. Apart from furthering the establishment of cryptocurrencies and bringing them closer to mainstream use, Coinbase is also accelerating the adoption of additional altcoins. While this may only be a response to an increase in demand, it is still a good development for the cryptocurrency industry.

Another reason why this move will help Coinbase significantly is the fact that it is not the only crypto business to ask and gain approval to offer custody services. Other companies, such as Prime Trust, BitGo, Northern Trust, and multiple others have done the same thing. By gaining the approval, Coinbase will now be able to rise up to meet the competition on equal ground.

Not only that, but the exchange also seeks approval for multiple other projects, such as the broker-dealer license, registered investment advisor license, and even a license for an alternative trading system. Additionally, a report from August 2018 stated that the exchange is making expansion plans, which will double the number of their employees in New York. These plans come as preparation for a larger goal of providing services to institutional investors, many of which have developed an interest in the crypto market.

Finally, considering that Coinbase will now offer custody services for XRP as well, the community started speculating whether or not this means that Ripple will soon be listed. So far, Coinbase has not confirmed these rumors, but the investors remain optimistic.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

The post Coinbase To Start Offering Custodial Services appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/coinbase-custodial-services-xrp/

  source: https://globalcoinreport.com/coinbase-custodial-services-xrp/

Post source: Coinbase To Start Offering Custodial Services

More Bitcoin News and Cryptocurrency News on TheBitcoinNews.com

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Litecoin Price Seems Poised for a Push to $55 Over the Weekend

Litecoin Price Seems Poised for a Push to $55 Over the Weekend As all top cryptocurrencies are moving upward once again due to some recent developments, all eyes are turning to Litecoin right now. Not necessarily because there is a relatively new development affecting LTC, but mainly because it... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Litecoin Price Seems Poised for a Push to $55 Over the Weekend

As all top cryptocurrencies are moving upward once again due to some recent developments, all eyes are turning to Litecoin right now. Not necessarily because there is a relatively new development affecting LTC, but mainly because it can usually generate some positive momentum with little effort. A push to $55 is not out of the question by any means.

Litecoin Price Momentum is Picking Up

Not much has happened in the Litecoin price department over the past month. That is not entirely surprising, as all top cryptocurrencies have seen a steady decline and plenty of sideways trading momentum. Litecoin is no exception in this regard, although a small nudge in the right direction can make a world of difference moving forward.

Over the past 24 hours, there has been a very small uptrend in the USD and BTC department. Albeit these gains are far from spectacular, it seems to indicate Litecoin may be slowly moving out of its accumulation stage at this time. This does not mean the uptrend will be long or steep by any means, but it is somewhat promising when looking toward the future first and foremost.

There is some excitement brewing behind the Litecoin scenes right now. A future Litecoin Core update is being developed, which may effectively help reduce the altcoin’s network fees moving forward. Litecoin is already one of the cheaper cryptocurrencies to use today, and further improving upon that situation is always an option worth exploring.

Hm… with a new #litecoin core update it seems that the fees will be much more decreased https://t.co/A4TWTqRGPH #cryptocurrencynews #litecoinnews #ltcnews @TokenTops #tokentops #tokentops @tokentops

— jobron gildas (@meamoumo) October 26, 2018

It also appears there is a growing adoption of Litecoin in the online casino industry. Although LTC might not have the same traction as Bitcoin in this day and age, the altcoin is slowly forging its own path at this stage. Any uptrend in this regard is positive, primarily because cryptocurrencies and gambling have proven to be a powerful combination.

Wanna play #onlinegambling games with Litecoin (LTC)? Then check out this list on online casinos that accept #Litecoin payments. https://t.co/EdnUae0EPV pic.twitter.com/XNc6JuOEbb

— Sweet Bet (@SweetBet3) October 26, 2018

Last but not least, no one can deny Litecoin has always been a good choice when it comes to holding cryptocurrency for the long term. Its value has been relatively stable and even noted a healthy nudge over a year ago after being stuck near $2 for an extended period of time. Even so, there is a good chance the LTC value will remain stable or note a solid gain in the near future.

Litecoin (LTC) – 3 reasons to $HODL Litecoin ( $LTC) #Litecoin #LitecoinLotto #ltc #HODL #DigitalCash@litecoin @LTCFoundation @SatoshiLite https://t.co/zljhDLtI2G via cryptorecorder

— Cryptorecorder (@cryptorecorder) October 26, 2018

Under the current circumstances, there is a pretty good chance Litecoin will move up a dollar or two over the weekend. It is not the biggest gain whatsoever, although it is more than sufficient to keep enthusiasts engaged, for the time being. One LTC is currently valued at just over $52m and with a trading volume of nearly $300m, interesting things will happen sooner or later.

The post Litecoin Price Seems Poised for a Push to $55 Over the Weekend appeared first on NullTX.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Veritaseum Price Tackles $45 Resistance With Relative Ease

Veritaseum Price Tackles $45 Resistance With Relative Ease In the altcoin department, things are not necessarily looking all that great at this time. Bitcoin’s sideways trading momentum causes similar bearish momentum for most alternative currencies. Veritaseum is one of the few exceptions in t... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Veritaseum Price Tackles $45 Resistance With Relative Ease

In the altcoin department, things are not necessarily looking all that great at this time. Bitcoin’s sideways trading momentum causes similar bearish momentum for most alternative currencies. Veritaseum is one of the few exceptions in this regard, as the altcoin’s recent uptrend allowed it to re-enter the market cap top 70 again.

Veritaseum Price Momentum Intensifies

Even though a lot of cryptocurrency enthusiasts are not too sure what to make of Veritaseum, the current upward momentum cannot be overlooked whatsoever. A very strong gain has been forming over the past few hours, and it seems that situation may not necessarily come to change in the near future.

For Veritaseum, the current uptrend is shaping up pretty nicely. A 12% net gain in USD, BTC, and ETH value has pushed the Veritaseum price to nearly $45 in quick succession. This is still a very long way removed from its all-time high of over $450, albeit a very small gain needs to be welcomed with open arms in this regard. It seems evident this push will extend over the weekend, although that will mainly depend on the VERI trading volume. Right now, that particular aspect does not look overly promising by any means.

A recent video by Reggie Middleton seems to be bringing a lot of positive attention to Veritaseum at this time. It is evident there are a lot of positive developments coming to this particular altcoin’s ecosystem moving forward, Although hype usually creates a lot of positive market momentum, it remains to be seen if this trend will remain in place once the actual developments come to market.

I was just listening to @ReggieMiddleton's livestream. Good stuff! He's making things happen. There was a teaser to something big coming in Q4. #VERI #veritaseum #tokens https://t.co/oEXhe5TcXY

— Bitcuriousmom (@bitcuriousmom) October 25, 2018

Speaking of the current market trend, it seems there is a very good chance the Veritaseum price will face some opposition moving forward. There is still a sign of short-term bullish momentum, although VERI seems overbought when looking at the bigger picture. That is pretty interesting, considering this altcoin has virtually no trading volume to speak of.

#VERI/USD APAC Snapshot

Bias: Bullish short-term-overbought mid-term

Bullish gap for #veritaseum continuing on from an announcement on Oct. 26 snaking its way to $52 resistance

Overbought conditions on daily RSI so caution$VERI

See announcement: https://t.co/RqTMvDQ9jI pic.twitter.com/JGEUS6tCV5

— CoinDesk Markets (@CoinDeskMarkets) October 26, 2018

Michael Fitzgerald is trying to make more people aware of what Veritaseum has to offer exactly. More specifically, there is a bear asset known as VeGold, which is something a lot of people have overlooked in recent months. Although it might not necessarily be the hedge people are actively looking for, it certainly provides another interesting option to keep tabs on as time progresses.

Use Veritaseums bearer asset VeGold instead @ReggieMiddleton @APompliano #realhedge #Veritaseum

— Michael Fitzgerald (@blockchainfitz) October 24, 2018

As is always the case in the cryptocurrency world, positive momentum and major setbacks can occur at any given moment. Veritaseum has turned very bullish with no real trading volume and seemingly little interest from traders overall. Even so, there is no reason why this trend can’t continue over the coming days, primarily because nothing warrants a price retrace at this time.

The post Veritaseum Price Tackles $45 Resistance With Relative Ease appeared first on NullTX.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Dogecoin Price Trend can Reclaim $0.004 Before the Weekend

Dogecoin Price Trend can Reclaim $0.004 Before the Weekend Things are still looking rather troubled where the top 20 cryptocurrencies are concerned. It is evident all markets struggle to recover right now, primarily because Bitcoin seemingly doesn’t know which way is up. One former top 20 c... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Dogecoin Price Trend can Reclaim $0.004 Before the Weekend

Things are still looking rather troubled where the top 20 cryptocurrencies are concerned. It is evident all markets struggle to recover right now, primarily because Bitcoin seemingly doesn’t know which way is up. One former top 20 currency is making some moves, as Dogecoin is the first “major” altcoin to note a solid gain today.

Dogecoin Price Rebound is Coming

After suffering from an ongoing decline for nearly two full weeks, it appears, the Dogecoin price might be preparing for a brief rebound over the weekend. It was a matter of time until a gain was noted again, albeit no one expected it to happen today of all days. Even so, one cannot deny the uptrend appears to be shaping up, especially as the trading volume begins picking up.

Over the past 24 hours, the value per DOGE has risen by 1% in both USD and BTC value. That is a welcome development, primarily because the value had dipped below $0.004 earlier this week. Reclaiming that price level will not be all too difficult, by the look of things, although it is still a bit early to draw any real conclusions. The current trading volume looks healthy enough to support a big push.

Technical analysis often plays an integral role in the world of predicting cryptocurrency price momentum. Dogecoin News is making an interesting observation, although one that might not necessarily be entirely correct. The “drawn dog” on the RH 1-year chart is certainly there to see, but that should not necessarily be interpreted as a bullish signal whatsoever. The pattern is rather uncanny, though.

Whales drew another dog today on the RH 1-year chart! #CrazyButTrue #Doge #DogeCoinNews #DogeCoin #Ethereum #ElonMusk #DogeKennel pic.twitter.com/OqTy7DXYJt

— DogeCoin News (@news_dogecoin) October 26, 2018

One particular development still attracting a lot of attention comes in the form of the Dogethereum bridge. This solution will pave the way for easy conversions between DOGE and ERC20 tokens, making it a worthwhile project to keep an eye on moving forward. It is only normal projects like these get people excited during these interesting times in the cryptocurrency industry.

#doge #ethereum #dogethereum @Truebitprotocol @Stanford https://t.co/2n2U0Dz30t

— ____nevv (@____nevv) October 26, 2018

Last but not least, everyone likes a gif of a smiling dog. Since dogs play such an integral part in the Dogecoin ecosystem, it is only normal images like these are of great value to the community as a whole. This smiling dog will make many people’s day a lot brighter, even though it is also a potential smirk when looking at the current Dogecoin price momentum.

#dogecoin pic.twitter.com/deFtvvoZhQ

— J-Flo (@gx110) October 26, 2018

All things considered, it seems Dogecoin will have to lead all altcoins into the green over the weekend. While the current momentum is still a bit shaky, no one can deny things are getting very interesting as of right now. If the $0.004 level is retaken later today, there is a good chance DOGE’s value will continue to move up in the next few days.

The post Dogecoin Price Trend can Reclaim $0.004 Before the Weekend appeared first on NullTX.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Zilliqa Price Moves Up as Consolidation Phase Seems Over

Zilliqa Price Moves Up as Consolidation Phase Seems Over Although some cryptocurrencies are trying to mount a comeback right now, it has become increasingly apparent that will remain a big struggle. Especially within the top 20, not too much excitement can be found right now. Further down the... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Zilliqa Price Moves Up as Consolidation Phase Seems Over

Although some cryptocurrencies are trying to mount a comeback right now, it has become increasingly apparent that will remain a big struggle. Especially within the top 20, not too much excitement can be found right now. Further down the list, Zilliqa is the first to make any real impact. Its mediocre gains paint a somewhat interesting outlook ahead of the weekend.

Zilliqa Price is on the Move

Over the past few days, there has been some cryptocurrency momentum brewing behind the scenes. Unfortunately, none of it has been sustained for an extended period of time, and that situation will not change anytime soon either. In fact, it seems the main action takes place well outside the top 20, which is only to be expected.

For Zilliqa, things are looking pretty good right now. Over the past 24 hours, there has been a solid 4% uptrend across USD, BTC, and ETH alike. That in itself is pretty interesting to keep an eye on, primarily because very few other coins in the top 35 can note similar gains right now. Sustaining this uptrend with under $9m in volume is a different matter altogether.

No one can deny there are some pretty interesting developments happening behind the scenes of Zilliqa right now. The project’s sharding technology is worth keeping an eye on, and their transaction throughput is evolving accordingly. As such, it seems to be a matter of time until things will improve permanently, albeit that mainly hinges on Bitcoin’s momentum first and foremost.

We have been fans of the @Zilliqa project since the beginning, and their #sharding technology continues to evolve – testing at 2000 #TPS is an accomplishment. So what are the slight reservations we have about adding #ZIL to our holdings? https://t.co/543UefaL8v

— Crypto Briefing (@crypto_briefing) October 25, 2018

Traders and speculators are keeping a very close eye on Zilliqa at this time. This sudden upswing caught many people by surprise first and foremost. As such, further technical analysis seems to indicate a massive uptrend will begin forming very soon, especially in the ZIL/BTC department. An intriguing analysis, although things are never as cut-and-dry in the cryptocurrency world.

#zil looks like its going to take off soon. $ZIL/BTC chart https://t.co/WoAYMHRz0K $ZIL.X via @coinigy

— Chief Trader (@CryptoChief1111) October 26, 2018

A similar sentiment is echoed by Katiie, who is confident Zilliqa is done consolidating. The consolidation tweet was sent out a few hours ago, prior to the ZIL uptrend even began taking shape. As such, one has to wonder where things will end this time around, as a retrace seems nearly inevitable in this industry.

#zil $zil #Zilliqa Looks like its startging to consolidate! Buying bags now. Looks like it might take off!! #Stellar #Lumens #XLM $XLM #ethereum #ETH $ETH $BTC #LTC #Crypto #Binance #Crypto #Tron #trx $trx @CryptoCoinNewz @officialmcafee @TheRealBuzz @NASA pic.twitter.com/USDuo7UmZM

— Katiie (@cryptocastaway) October 25, 2018

With all of this information to keep in mind, it appears the coming hours will be rather crucial for Zilliqa in many different ways. If this uptrend can be sustained, things will potentially trend toward the $0.04 level. If the uptrend falls apart, a dip down to $0.034 is not out of the question. Things can easily swing either way in this volatile industry these days, which is both fun and worrisome at the same time.

The post Zilliqa Price Moves Up as Consolidation Phase Seems Over appeared first on NullTX.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - 6 Airdrops Earnings Participants Decent Money – 2018 Week 43 Edition

6 Airdrops Earnings Participants Decent Money – 2018 Week 43 Edition As the week is coming to an end, the time has come to look at some new token airdrops to take full advantage of. The following projects all seem to offer something interesting in this regard, although the value one can earn f... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

6 Airdrops Earnings Participants Decent Money – 2018 Week 43 Edition

As the week is coming to an end, the time has come to look at some new token airdrops to take full advantage of. The following projects all seem to offer something interesting in this regard, although the value one can earn from these tokens can fluctuate quite a bit.

#6 Wellmee

The Wellmee project describes itself as a decentralized mobile app built on AI technology to enhance the “well being of every user”. Its native token is issued on Stellar’s infrastructure, which makes for an interesting choice. Users can fill in the airdrop form and following them across social media and Telegram to claim up to 340 WLME tokens. It is expected these tokens have a combined value of $17.

#5 Clear Foundation

Although one wouldn’t necessarily start a foundation with an initial coin offering and token airdrop, Clear Foundation is doing things differently. Their goal is to provide a secure backbone architecture to secure cryptocurrencies and the project claims to have a partnership with Hewlett Packard Enterprise. Participants in the airdrop will receive 500 tokens per social task, for a maximum of 4,000 CLEAR tokens. Its value is a bit unclear but Ethereum users can benefit from this airdrop.

#4 TheFund.io

TheFund is an investment fund to open access to earnings on investments for as many people as possible. This is another company exploring the benefits of AI in the financial sector. Participants in their airdrop can earn up to 30 TFIO tokens for participating. Those Ethereum-based tokens have a projected value of $15.

#3 Qobit

This all-in-one crypto investment ecosystem will focus on the user experience and knowledge sharing first and foremost. Its airdrop encompasses earning tokens for all kinds of social media activity to receive $5 worth of Ethereum-based QOBI tokens. A total of $50,000 worth of tokens will be given away during this airdrop campaign.

#2 GAMO Protocol

Building a new blockchain and architecture of trust to create Decentralized Autonomous Initial Coin Offerings is the main objective of this project. A total of 60 GAMO tokens will be distributed to airdrop participants, which are valued at a total of $2.8. This is another Ethereum-based airdrop for users to take full advantage of.

#1 SocialRemit

This particular platform aims to provide emerging projects with financial and technological tools based on blockchain technology. Their airdrop will reward participants with up to 130 Ethereum-based CSR tokens for effectively participating in the social media activity. The value of 130 tokens is estimated to be $75, though it requires a bit of work to effectively get to this figure.

The post 6 Airdrops Earnings Participants Decent Money – 2018 Week 43 Edition appeared first on NullTX.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says

Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says Bloomberg’s market experts consider that Bitcoin’s low volatility levels signal the coin is finding a price bottom. Bloomberg’s analysts have joined the ranks of experts who consider... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Bitcoin’s Low Volatility Signals Bottoming as ‘Speculation Leaves,’ Bloomberg Analyst Says

Bloomberg’s market experts consider that Bitcoin’s low volatility levels signal the coin is finding a price bottom.

Bloomberg’s analysts have joined the ranks of experts who consider that Bitcoin (BTC)’s low volatility levels recently signal the coin is finding a bottom, according to an analysis published Oct. 24.

Data analyzed by Bloomberg reveals that in October, BTC had only one day of price swings of (+/-) 5 percent or more; as compared with nine days in January and February, seven in March, and five in July.

Days with Bitcoin price moves of (+/-) 5 percent or above. Source: Bloomberg

Bloomberg Intelligence analyst Mike McGlone is quoted as saying that the markedly low volatility levels are “a sign of speculation leaving the market and eventually a bottoming process."

Notably, diminished price swings have coincided with a significant devaluation of the coin over the course of an unflagging bear market: as of press time, Bitcoin is trading at $6,476, down almost 52 percent from around $13,350 Jan. 1.

A parallel Bloomberg article has today contrasted Bitcoin’s 2018 “listless” stability with the apparently “wild” price fluctuations of tech stocks of late, which it quips are “the new Bitcoin.” According to Bloomberg data, “the spread between the 10-day volatility of the NYSE FANG+ Index” and Bitcoin has hit “a record high of 46 percentage points.”

Bloomberg’s analysts gave a positive perspective on Bitcoin’s rangebound trading patterns, with McGlone noting that “high volatility is a major factor lessening most cryptocurrency use cases for anything other than speculation."

Charlie Morris, multi-asset head at London-based Atlantic House Fund Management, concurred that the stats simply suggest “the [crypto] market is calm and in balance,” adding:

“Given this bear market is now 10 months old and is getting tired, I’d be inclined to be bullish for the next major move.”  

CEO of crypto app Plutus, Danial Daychopan, observed to Bloomberg that “the cost of the emotional traders has been washed away by the recent crash, and with it a lot of the volatility." Low trading volumes appear to tally with Daychopan’s observation that the trading euphoria has tapered off in recent months.

Earlier this month, Spencer Bogart, an expert from crypto and blockchain venture firm Blockchain Capital concurred that Bitcoin is showing strong signs of “bottoming,” anticipating a “future crypto bonfire when we have the next bull market."

On the basis of his technical analysis this June, futures broker Bill Baruch made a similar point, remarking that “a bottom is a process not a price. Now that [BTC’s] price and volatility are back down to earth, this bottoming process can begin.”

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman

Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman U.S. telecoms regulator argues innovation in the telecoms industry should face a “level playing field.” The U.S. should not “disadvantage” emerging technologies such as blockchain due... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Don’t ‘Disadvantage’ Emerging Tech Like Blockchain, Says U.S. Telecoms Authority Chairman

U.S. telecoms regulator argues innovation in the telecoms industry should face a “level playing field.”

The U.S. should not “disadvantage” emerging technologies such as blockchain due to “antiquated” regulations, the head of the country’s telecoms regulator told Indian daily news outlet Indian Express Friday, Oct. 26.

Speaking while attending the India Mobile Congress 2018, Ajit Pai, chairman of the U.S. Federal Communications Commission (FCC), also called for a “conversation” with tech giants such as Facebook and Google regarding data transparency.

In the U.S., he explained, regulations governing telecoms first became law in the 1930s, and even with amendments posed difficulties for authorities attempting to get to grips with technology such as blockchain, artificial intelligence (AI) and machine learning.

“[T]hese are very dynamic industries and one can foresee in coming decades – things like artificial intelligence, machine learning, blockchain, quantum computing will have significant impact on how communications networks operate,” he told the publication, continuing:

“We don’t have jurisdiction over these firms but that’s one of the thing we are trying to learn about. What are the emerging technologies that will have an effect on this space and how should our thinking about regulation evolve.”

While a study earlier this year forecast blockchain in telecoms alone would become a $1 billion industry by 2023, the topic of appropriate regulation for surrounding industries remains a talking point, both in the U.S. and India.

As Cointelegraph reported, the latter is currently seeing turmoil over a blanket bank ban on servicing businesses associated with cryptocurrency, with senior officials reportedly erroneously claiming the technology was illegal.

Pai himself has also not escaped controversy in his position at the helm of the FCC, last year repealing Net Neutrality rules, leading to fears U.S. consumer perceptions of cryptocurrency could be negatively affected.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Chinese Arbitrator Reaffirms That Bitcoin Can Be Held, Privately Transferred as Property

Chinese Arbitrator Reaffirms That Bitcoin Can Be Held, Privately Transferred as Property A Chinese arbitration court has ruled that “there is no law or regulation that explicitly prohibits parties from holding bitcoin or private transactions in bitcoin.” An arbitration bod... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Chinese Arbitrator Reaffirms That Bitcoin Can Be Held, Privately Transferred as Property

A Chinese arbitration court has ruled that “there is no law or regulation that explicitly prohibits parties from holding bitcoin or private transactions in bitcoin.”

An arbitration body in China has ruled that cryptocurrencies such as Bitcoin (BTC) are legally protected as property, in a case published Oct. 25 via the arbitrator’s WeChat account.

The Shenzhen Court of International Arbitration ruled in favor of an unnamed plaintiff in an equity transfer dispute, in which the defendant failed to return holdings of Bitcoin, Bitcoin Cash (BCH) and Bitcoin Diamond (BCD) as had been agreed upon in a contractual agreement.

According to the case outline, the contract had authorized the defendant to trade and manage the plaintiff’s portfolio of 20.13 BTC, 50 BCH, and 12.66 BCD for a stipulated time. When the defendant failed to return the holdings as per the agreed schedule, the plaintiff brought the case before the arbitrator, seeking the return of his assets with interest.

The defense had attempted to argue that the contractual equity transfer agreement was invalid, pointing to the fact that cryptocurrencies are not recognized as legal tender in China, and that their circulation is subject to severe restrictions in the country.

The defendant cited the central bank’s Announcement on Preventing Financial Risks from Initial Coin Offerings (ICO), which was passed in Sept. 2017, stating that ICOs that raise “so-called virtual currencies” such as BTC and Ethereum (ETH) “through the irregular sale and circulation of tokens” are engaging in “unauthorized” public financing, which is “illegal.”

The central bank had also determined that crypto “cannot and should not be circulated nor used in the market as currency.”

The defendant claimed that the core “payment and arrangement of the transfer price” clause of the contract was thus in violation of the mandatory provisions of Chinese law, which prohibits the sale and circulation of crypto tokens, as well as the trading platforms used as a venue for their transfer and exchange.

The arbitrator however found that the contractual obligation under dispute did not fall under the relevant provisions as outlined in the Sept. 2017 prohibition, stating that:

“There is no law or regulation that explicitly prohibits parties from holding bitcoin or private transactions in bitcoin, [only warnings to] the public about the investment risks. The contract in this case stipulates the obligation to return the bitcoin between two natural persons, and does not belong to the [Sept. 2017 ban].”

The arbitrator thus concluded that the contract was legally binding, adding that:

"Bitcoin has the nature of a property, which can be owned and controlled by parties, and is able to provide economic values and benefits."

The arbitrator refuted that restrictions on exchanges pose an obstacle, noting that private crypto transfers face no technical difficulties as long as both parties have a unique wallet address.

The ruling thus ordered the defendant to uphold his contractual obligations and return the assets under dispute with interest (calculated by the arbitrator as being worth $493,158.40), as well as to pay a penalty of 100,000 yuan ($14,400).  

This June, a Shanghai court similarly ruled in favor of an ICO operator in the context of an unjust enrichment civil dispute case. Similarly denying the applicability of the Sept. 2017 ban, the court deemed that Ethereum (ETH) is protected under China’s property law, as long as the plaintiff can provide proof a digital chain of custody to the court.

This September, China’s Supreme Court ruled that evidence authenticated with blockchain technology is binding in legal disputes.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage. U.S. multinational financial services corporation Mastercard wants to apply... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Mastercard Patent Claims Cryptocurrency Can Benefit From Fractional Reserve Banking

Payment processing giant Mastercard wants to patent a new method of simultaneous crypto and fiat storage.

U.S. multinational financial services corporation Mastercard wants to apply principles of fractional reserve banking to cryptocurrency, a new patent application published Thursday, Oct. 25 reveals.

According to the document, published by the U.S. Patent & Trademark Office (USPTO), the payment processor has plans to allow merchants to interact with what it calls “blockchain currencies” via a new method of simultaneous crypto and fiat storage.

Specifically, reference is made to “methods for managing fractional reserves of blockchain currency.”

Mastercard has offered a mixed public stance on cryptocurrency in recent years, this month winning a further blockchain-related patent, while signalling along with Visa it may classify cryptocurrency and ICOs as “high risk.”

In its new filing, the company appears to wish to apply principles of the fiat banking system, which it considers “are specially designed and configured to safely store and protect consumer and merchant information and credentials.” The patent filing continues:

“[...]The use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain while still maintaining security of account information and provide a strong defense against fraud and theft.”

The concept may take some commentators by surprise, as fractional reserve banking – where there is not proof that a lender has the funds which correspond to a customer’s promised holdings – already has a transparent solution in Bitcoin.

Noble Bank, the former main reserve bank for cryptographic stablecoin Tether (USDT), notionally pegged to the U.S. dollar, had claimed it did not use fractional reserve and could prove it had one dollar for each USDT token, though the stablecoin project has avoided going through a public audit.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Cryptocurrency ‘Illegal’ In India Says Trade Organization Head

Cryptocurrency ‘Illegal’ In India Says Trade Organization Head The head of Indian IT trade organization NASSCOM reportedly stated that cryptocurrency is “illegal” in the country, after two men installing a Bitcoin ATM were arrested The head of an Indian nonprofit trade org... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Cryptocurrency ‘Illegal’ In India Says Trade Organization Head

The head of Indian IT trade organization NASSCOM reportedly stated that cryptocurrency is “illegal” in the country, after two men installing a Bitcoin ATM were arrested

The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25.

Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), was cited by the Hindu saying that cryptocurrencies are illegal from NASSCOM’s perspective. NASSCOM is a nonprofit trade association of over 2,000 member companies for the Indian IT and business process outsourcing industries.

“It is [the] law of the land and hence, we have to work with it,” Ghosh claimed about cryptocurrency’s ‘illegal’ status. She added, “If we do not agree, we have to go back to the government and speak about why cryptocurrencies aren’t correct.” However, Ghosh noted that the “illegal” status of crypto is the result of the government’s failure to keep up with innovation:

“The genesis of this problem, however, lies in the failure of policy making not keeping pace with rapid technological changes. NASSCOM’s focus would be to say, how do you synergize technological development and policy making. I think that will be our focus.”

Cryptocurrency is currently legal in India, but in July the Reserve Bank of India (RBI) banned the country’s banks from servicing businesses involved in exchanging or processing digital assets. At the time, RBI cited risks to financial stability and the security of investors as being the main reasons behind the ban.

Following the crackdown, commentators were quick to note that, while banking activities for crypto business were suspended, it was not a ban on crypto in India outright. The country’s supreme court continues to uphold the ban even after hearing a raft of petitions.

Since July, the ban has had severe repercussions for the industry. Exchanges in particular have faced difficult conditions, with major platform Zebpay halting operations and relocating to crypto-friendly Malta.

Ghosh’s comments come after police clamped down this week on a project from crypto exchange Unocoin, arresting its co-founders after they installed a Bitcoin ATM in a Bangalore shopping mall.

Various media outlets have cited authorities who reportedly explained that the ATM “had not taken any permission from the state government and is dealing in cryptocurrency outside the remit of the law.” According to a police official quoted by the Times of India, the central bank considers cryptocurrency “illegal.”

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - All Categories

Browse our latest videos by category You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas Browse our latest videos by category #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Latest

Browse our latest videos You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas Browse our latest videos #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - Tron (TRX) claims three new listings, one exchange announces 100K prize in crypto

Tron (TRX) claims three new listings, one exchange announces 100K prize in crypto Tron (TRX) started its new DAap journey yesterday with its TVM (TRON Virtual Machine) launch, and guess what, it has already scored two new listings by today. Of course, these new crypto-exchanges listings will... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

Tron (TRX) claims three new listings, one exchange announces 100K prize in crypto

Tron (TRX) started its new DAap journey yesterday with its TVM (TRON Virtual Machine) launch, and guess what, it has already scored two new listings by today.

Of course, these new crypto-exchanges listings will spread-out the TRX adoption in cryptosphere (it’s already catching fire). The two new exchanges listing Tron (TRX) are BTCAlpha exchange and CoinDeal (I love this name more) respectively.

Tron BTCAlpha Listing

BTCAlpha tweeted on August 29th:

Adding TRON https://t.co/NHD1K82OFQ

Service BTC-Alpha adds a new token TRON.

— BTC-Alpha LTD (@btcalpha) August 29, 2018

There are two Tron trading pairs available as of now on BTCAlpha being TRX/BTC and TRX/USD.

Tron (TRX) gets listed on Exrates.me

The crypto exchange announced Tron addition to its platform via its official Twitter page, earlier today:

Exrates welcomes TRX, the token of a blockchain-operating system TRON! The trading pairs are the following: TRX/BTC, TRX/ETH and TRX/USD. Become the lucky owner of TRX right now! @Tronfoundation #exrates #exchange #cryptocurrency #ttc pic.twitter.com/tzcXbvNuUl

— Exrates.me (@Exrates_Me) August 31, 2018

Exrates is one crypto exchange that’s known for its stealthy security and minimum commision for crypto transactions, and now Tron (TRX) making it on this crypto exchange means more adoption (that’s the case in scoring a spot on any exchange though, but here we’re talking about a well-trusted one so more adoption/userbase expected).

Unlike BTCAlpha who offers only two pairs for Tron (TRX), users can trade and exchange the cryptocurrency in three pairs on Exrates. The pairs include TRX/USD, TRX/ETH, and TRX/BTC (here yet again, it’s evident any altcoin cannot get started without BTC pair on any crypto exchange, not anytime soon).

Tron (TRX) makes it to CoinDeal

Good things come late, that’s why CoinDeal is the last one on this list of new exchanges listing Tron (TRX). Here comes that ‘extra’ we all keep wishing for.

Why extra? Because on top of adding TRX to its platform, CoinDeal has presented a pleasant surprise to the Tronix traders. Justin Sun announced the listing on its Twitter page, himself,

#TRX is available on @CoinDeal_ , a new innovative cryptocurrency exchange platform to answer growing needs of the most demanding traders. #TRONICS can trade in a pair of TRX/BTC. #TRON $TRX pic.twitter.com/0zPQlbuJUI

— Justin Sun (@justinsuntron) August 31, 2018

Even though the platform has made only one trading pair, TRX/BTC, as of now, but announced an exciting TRX prize for the users. The prizes will be distributed after a contest.

The total contest prize money is 200K TRX tokens, 100K being the first prize. You must be thinking ‘how can I take part in and win the CoinDeal Tron contest?’, right? Well, all you have to do is follow both, CoinDeal and Tron, on social media.

Your first step would be signing up for an account on CoinDeal and then follow its and Tron’s Twitter accounts. You also need to become a member of their (both of them) Telegram channels.

Given that you’ve taken all those steps and now wish to win the first prize, 100K TRX, you will be taking part in a quiz named ‘Game of Tron.’

Interestingly, there is a way out for a user if their scores get tied to being the highest alongside another user. That’s is, in case of a tie, the winner will be selected based on the trading volume of TRX/BTC of a user. The one with highest trading volume wins.

Alongside 100K TRX first prize there will be four other. 50K being the second, 30K third, and 15K and 5K being 4th and 5th respectively.

So clearly, Tron (TRX) hasn’t just entered the decentralized applications era, it has started receiving more recognization already, which suggests good days ahead for Tronix community. But you never know the crypto world, nevertheless, Tron user can see off August while smiling now, thanks to the three good news.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

Photo by Konstantin Planinski on Unsplash

The post Tron (TRX) claims three new listings, one exchange announces 100K prize in crypto appeared first on Global Coin Report.

Read more at https://globalcoinreport.com/tron-trx-new-listings-100k-prize-crypto/

  source: https://globalcoinreport.com/tron-trx-new-listings-100k-prize-crypto/

Post source: Tron (TRX) claims three new listings, one exchange announces 100K prize in crypto

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews

[dailycryptonews-blog]

Crypto News - California State Legislature Passes Law Establishing a Blockchain Working Group

California State Legislature Passes Law Establishing a Blockchain Working Group California’s state legislature has passed a bill which aims to form a working group on blockchain technology. According to the bill, the primary role of the working group will be to find out how blockchain can be i... You May Likes reading: How Rich people Talk about Bitcoin Growth Smart Contract - The Key to the Next Two Great dApp Business Ideas

California State Legislature Passes Law Establishing a Blockchain Working Group

California’s state legislature has passed a bill which aims to form a working group on blockchain technology. According to the bill, the primary role of the working group will be to find out how blockchain can be introduced and used in government, schools, and other public institutions. It will also determine how blockchain can fit into the California law and be beneficial to California residents as well as business establishments in the state. The group will achieve this by not only informing residents about the benefits of blockchain technology, but also by informing them of the potential risks and applicable control measures.

Playing Catch-Up

The working group, which is expected to have a chairperson by July 1, 2019, will have 17 members pooled from the technology industry and other related fields. The group will also include the state’s finance director, the chief information officer, one assembly member, and one Senate member.  Industry stakeholders will provide useful ideas to the working group, which will be used to recommend various changes in the legislature.

The bill, which was initially introduced in February 2018, recognizes the legal validity of electronic records, stating that “a record or signature may not be denied legal effect or enforceability solely because it is in electronic form and that a contract may not be denied legal effect or enforceability solely because an electronic record was used in its formation.”

Additionally, the working group should submit to the legislature before July 2020 a study on the risks, benefits, and uses of blockchain technology by California-based businesses and the government. The report should define blockchain tech, give the possible recommendations for blockchain modifications and show how the technology impacts various sectors.

As shown by public records, the state Senate passed the bill after Monday’s third reading. This leaves the only remaining step as the signing into law by Governor Jerry Brown. The governor shall have 30 days to review the bill before making the decision.

Other than California, other states including Colorado, Tennessee, Wyoming, Nevada, Ohio and Delaware have passed legislation meant to encourage and attract more blockchain businesses. These bills fall into different categories: Nevada and Wyoming prohibit the taxation of blockchains while Ohio and Delaware amended the corporate code and electronic transfer laws of their states to support blockchain development. In June 2018, Dannel Malloy, the Connecticut Governor, signed into law a bill which was aimed at establishing a working group for blockchain. It is also designed to expand the use of blockchain technology in the entire state.

California is also working on a bill to amend its corporate code. The code bill specifies that blockchains can be used to maintain corporate records and should, therefore, be adopted by organizations. The state recently considered a proposal to be used by business enterprises when obtaining cryptocurrency licenses but unfortunately, the bill did not advance.

California is the innovation capital of the US, with Silicon Valley churning out most of the biggest tech startups in the world. However, it has lagged behind with blockchain technology allowing other states to make huge leaps ahead. This and other subsequent blockchain-friendly laws will give the state an opportunity to catch up and maybe even dominate the quickly-evolving blockchain industry as much as it has dominated the mainstream tech industry.

Source #bitcoin #news #cryptonews #cryptocurrency #dailybitcoinnew #todaynews