Crypto market daily report – March 20, 2019

The cryptocurrency markets entered into their third successive day of stability with some slight upward movement in the Bitcoin Core (BTC) price that pushed it over the $4,000 mark for the first time this month. Turnover was up considerably over the past 24 hours and reached the $84 million level on Binance, although it was…

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Facebook says it made an A.I. tool that can detect revenge porn before it's reported

The tool saves victims of the unwanted intimate posts the time and trial of getting the posts taken down. The company has recently come under fire for the working conditions of contracted content reviewers, so a successful AI detection tool could be a step in the right direction. Facebook also said it’s expanding a previously…

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Crypto market daily report – March 15, 2019

The cryptocurrency markets continued in static mode on Friday with very little movement either way, although there were some currencies which exhibited considerable changes overall. Bitcoin Core (BTC) was up by a mere 0.6% to the $3,880 mark and appeared to be flirting with the $3,900 level. Ethereum (ETH) was also up by around 1.7%…

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Crypto market daily report – March 14, 2019

The cryptocurrency markets were mixed in fortunes on Thursday with some coins shooting upwards and others remaining at relatively the same levels or showing slight declines. Bitcoin Core (BTC) was moving around the $3,860-$3,890 mark on rather low turnover, although it appeared to be well supported at that level. The second largest currency by market…

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Crypto market daily report – March 11, 2019

The cryptocurrency markets saw a slight retracement over the past 24 hours although there were some currencies which demonstrated a turnaround against this decline. Bitcoin Core (BTC) dropped below the $3,900 level and was trading at around $3,890 at press time on Monday. Ethereum (ETH) was also down by around 1% to the $134 level…

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Crypto market daily report – March 7, 2019

The cryptocurrency markets continued on a stable footing on Thursday at press time with most coins maintaining their previous gains or increasing slightly. The only outlier was Binance Coin (BNB), which continued reaching new highs for 2019 and at press time on Thursday was trading at around $15.10 or and increase of 13% over a…

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Singapore wealth fund ‘secretly invested’ in Coinbase: report

The sovereign wealth fund of Singapore has been revealed as a significant backer of crypto exchange Coinbase, according to a Bloomberg report. GIC Pte is reported to have been involved in a $300 million funding round held by the exchange in October 2018, according to the news outlet, citing sources close to the company. This…

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Crypto market daily report – February 28, 2019

The cryptocurrency markets experienced a slight retracement on Thursday after a concerted slide on Wednesday evening, although a recovery remained on the cards. The much-publicised Constantinople hard fork for Ethereum (ETH) which is supposedly to take place later today has undoubtedly spooked investors although so far this was not too apparent in price movements. Bitcoin…

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Crypto market daily report – February 26, 2019

The cryptocurrency markets remained in a relatively stable level on Tuesday with most coins retaining the levels they had seen after Sunday’s massive drop with a few minor corrections. Bitcoin Core (BTC) hovered around the $3,800 mark, occasionally dipping below that level although it seemed to be well supported there. Ethereum (ETH) also hovered around…

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Crypto market daily report – February 25, 2019

The cryptocurrency markets went through their usual cycle over the weekend with almost all major coins seeing double-digit gains over a few hours only for a monumental crash on Sunday that erased practically all these gains and more. Bitcoin Core (BTC) was up by well over 5% to $4,200 on Sunday morning but then crashed…

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Crypto market daily report – February 19, 2019

The cryptocurrency markets continued the bullish trend established on Monday with practically all the major currencies in the green. Chief amongst these was EOS, which registered an astounding 22% increase to settle at $3.59 at press time on Tuesday. Bitcoin Core (BTC) was also up by around 5%, which was one of the most significant…

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Crypto market daily report – February 18, 2019

The cryptocurrency market is in full recovery mode on Monday with the vast majority of all the major coins showing substantial to modest increases. The chief mover in all this was Ethereum (ETH), which was up by a considerable 11% to the $138 mark as bulls seem to have finally entered the market. Bitcoin Core…

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Canaan Creative co-founder leaves crypto miner maker: report

Internal disagreements have reportedly sent Xiangfu Liu, one of the three founders of Bitmain’s crypto mining rival Canaan Creative, packing. Information on China’s national search website showed that as of Jan. 30, Liu is no longer a board member of Canaan Creative. A source familiar with the matter also told CoinDesk that the 35-year-old executive has…

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Report: ICO Founding Teams May Have Profited Nearly $13 Billion

BitMEX Research in partnership with TokenAnalyst has unveiled their latest report on ICOs on January 16, 2019. It attempts to track the $24 billion of tokens that ICO makers had issued to themselves. These tokens are currently worth only $5 billion. The report also highlights the lack of lockup clauses or vesting schedules, resulting in…

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Russia Unlikely to Invest in Bitcoin in the Next 30 Years, Official Refutes Earlier Report

Recently, a report indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U.S sanctions. As we reported, the report cited a senior Russian economist and a lecturer at a national economics institution. However, a Russian government official says that this is very unlikely. The official, who…

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Kraken tops as the Most Secured Crypto Exchange while world’s largest Cryptocurrency exchange Binance takes 34th position: Report

Individual centralized cryptocurrency exchanges have always come out to say that they are the most secure with the best security team, technicians and engineers that would ensure that their users are protected while using their sites. However, an independent body, called ICORating that helps in rating initial coin offerings and crypto projects has released a…

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The Daily: Japan Calls All Coins ‘Crypto Assets’, Russia Defines Cryptocurrency as Property

The Financial Services Agency of Japan has resolved to refer to cryptocurrencies as “crypto assets” in order to prevent confusion with legal tender. Also in The Daily, the Justice Ministry in Moscow has confirmed that it classifies digital coins as “other property.” Finally, according to a recent report, stablecoins have seen significant growth over the…

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Blockchain-Based E-Voting Proves to Be A Hit in Switzerland: Report

Following the successful blockchain-based e-vote last summer, residents of Zug, Switzerland, are eager to adopt the new voting method more broadly, citing a quicker and easier process than traditional ballots, according to a new study that surveyed those who participated in the e-vote. The city of Zug, Hochschule Luzern’s Blockchain Lab, and Luxoft, jointly released…

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Takeaways from the CFTC’s Guide to Smart Contracts

LabCFTC, the techology research arm of the Commodity and Futures Trading Commission, one of the US’ two main financial regulators, has published a guide to smart contracts. What is a smart contract? A smart contract is a contract written in computer code. This has many advantages over contracts that exist in the meat-based world –…

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KPMG Report Lays Out Incredibly Bullish Case for Crypto Assets

A recent report from “Big Four” auditor, KPMG, details the key challenges facing cryptocurrencies, and importantly notes that digital assets are a “big deal.” The report comes as institutions and corporations are becoming increasingly interested in cryptocurrencies as an investment class. The KPMG report opens with a section titled “Cryptoassets are a big deal,” explaining that despite…

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