News 

University of Bahrain Will Issue Diplomas on the Blockchain Employing Blockcerts

The University of Bahrain will issue diplomas on the blockchain, English-language local media Trade Arabia reports on Jan. 13. According to the aforementioned article, the university employs the Blockcerts open standard in partnership with Learning Machine, a startup providing a system to issue verifiable official records using a blockchain-anchored format. As Cointelegraph reported in September last year, the government of Bahrain has stressed the importance of blockchain technology for the country’s economy while urging cybersecurity vigilance. Abdulhussain Mirza, Bahrain’s minister of electricity and water affairs, declared: “Blockchain’s ability to protect user’s…

Read More
News 

Bitcoin Falls Under $3,600 as Top Cryptocurrencies Report Moderate Losses

Sunday, Jan. 13 — all the top 20 cryptocurrencies are seeing slight to moderate losses in the 24 hours to press time. Bitcoin’s (BTC) price has fallen below $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over 2 percent on the day, trading at around $3,568. Looking at its weekly chart, the current price is lower than the intra-week high of $4,109 — registered on Jan. 8 — and is also lower than $3,869, which is the value of one bitcoin last Sunday….

Read More
News 

Tron, Neo, Cardano, Binance Coin, Litecoin

After a strong start in 2019, the crypto markets have witnessed sharp selling that dragged the prices down by about 10 percent on Jan. 10. This indicates that the process of bottom formation will be volatile. The traders should aim to book quick profits and trail their stops higher to protect any potential profits. The important event that turned the tide in favor of the bears was the 51 percent attack on the Ethereum Classic network. The crypto markets had topped on Jan. 7, 2018, reaching a total market capitalization…

Read More
News 

Cornered by Bear Market, Bitmain Is Facing an Unclear Future

On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and difficulties related to its initial public offering (IPO) during the last quarter of 2018. So what exactly is happening with one of the world’s most influential crypto outfits? Brief introduction to Bitmain, the world’s most powerful crypto mining giant Bitmain was founded in 2013 by Jihan…

Read More
News 

Increased Supply of Altcoins Will Decrease BTC’s Value

The creation of competing altcoins is likely to place downward pressure on the prices of all cryptocurrencies, including Bitcoin (BTC). This conclusion was found by research conducted by the Federal Reserve Bank of St. Louis and published on Jan. 11. The report cites two perspectives: Bitcoin bulls’ belief that the capped supply and increased demand will increase BTC’s price, and the bears’ belief that its price will fall to zero. The researchers state: “We think the future price path is more likely to remain bounded between these two extremes.” According…

Read More
News 

Washington’s Douglas County is Looking to Build a Blockchain Innovation Campus

Local officials of United States’ Douglas County located in central Washington want to build a blockchain innovation campus, local daily newspaper The Seattle Times reports on Jan. 11. According to the aforementioned article, the county is already used to hosting a substantial crypto mining industry. Crypto miners have been attracted to various central Washington counties due to their access to cheap hydroelectricity-generated power; however, the mining boom has reportedly busted in 2018, after the market downturn. The Seattle Times writes that local officials hope that blockchain can power a less…

Read More
News 

Bitcoin Hovers Over $3,650 as Top Cryptocurrencies Mostly in the Red

Saturday, Jan. 12 — most of the top 20 cryptocurrencies are reporting moderate to slight losses, while some are reporting up to double-digit gains. Bitcoin’s (BTC) price is still hovering over $3,650, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down under 1 percent on the day, trading at around $3,665. Looking at its weekly chart, the current price is lower than $3,878, the price of BTC one week ago, and $4,108, the mid-week high reported on Tuesday. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple…

Read More
News 

Malaysian Government Reportedly Still Undecided on Whether to Legalize Crypto

The Malaysian government is reportedly still undecided whether to legalize cryptocurrencies, English-language local media New Straits Times reports on Jan. 12. When answering a query about whether digital currencies are currently legal or illegal, Khalid Abdul Samad, the Malaysian federal territories minister, reportedly said: “At the moment, the answer is neither legal nor illegal as the situation is still unclear.” Samad also pointed out that while he was involved in the launch of Harapan Coin (HRP) — a proposed political cryptocurrency — he wasn’t appointed as finance minister, noting that…

Read More
News 

Blockchain Research Now Granted Tax Credit in South Korea

South Korea’s government has added blockchain to the fields of research and development eligible for a tax credit meant to boost innovation, English-language local media TheNews.Asia reports on Jan. 8. The local Ministry of Strategy and Finance announced the proposed changes to the enforcement decree of last year’s tax law, which will be enforced in February. The proposed amendments also include among the eligible fields wearable robots and fine dust reduction technology. According to the aforementioned article, a result of this amendment will be that 30 to 40 percent of…

Read More
News 

2018 Sees 550% Uptick in Exempt ICO Securities Offerings Filed With the US SEC: Report

2018 witnessed a significant uptick in the number of initial coin offerings (ICOs) authorized by the United States Securities and Exchange Commission (SEC) to sell securities to large-scale investors, according to financial news channel MarketWatch, Jan. 11. MarketWatch reportedly compiled its data for 2018 by searching the SEC’s Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system for keywords such as “coin,” “ICO,” “token,” “initial coin offering” and “saft.” Their research reportedly found 287 results for evidently ICO-related fundraisings that were accepted by the agency to offer securities under what is…

Read More