Global: KPMG: Cryptocurrencies like Bitcoin are Not Store of Value [Yet]

CCN
It will take a long time for cryptocurrencies like Bitcoin to attain the status of a store-of-value asset, said KPMG in its latest crypto study. The Big Four firm’s “Institutionalization of Cryptoassets” report asserted that assets like bitcoin could...

Global: Bitcoin Plummets Below $6,000 to Lowest Level in Over a Year

Bitcoin tumbled below $6,000 for the first time since August and reached its lowest level in over a year, breaking the recent stretch of tranquility exhibited by the notoriously volatile digital alternative to cash. The world’s largest cryptocurrency tumbled...

China: Lifting Bitcoin Ban Is a Fake News, Cryptocurrency Market Unaffected

Media reports about China lifting the ban on cryptocurrency trading turned out to be fake news to the bitter disappointment of Chinese crypto lovers. This time the truth was lost in translation... or at least, poor translators were the...

US: Ripple (XRP) Price Spikes After CEO Calls For 'Global Framework' and Bashes Bitcoin

Forbes
Ripple (XRP) has spiked 4% today, once again gaining ground on ethereumas the world's second-biggest cryptocurrency by market capitalization after Ripple chief executive Brad Garlinghouse called for a "global framework" for payments and called out bitcoin for its failings. Garlinghouse told...

Global: XRP Experiences Sudden Surge as NEM Climbs to Nine-Week High

XRP surged more than four percent in a matter of hours, taking its price once again above the $0.52. Presently, there are no clear indications for the surge, but the positive developments concerning both Ripple and XRP continue to...

Global: Binance CEO Predicts A Bitcoin and Crypto 'Bull Run'

Forbes
Bitcoin and cryptocurrency holders have been waiting all year for the next bull run, hoping the bitcoin price will return to (and even exceed) the near $20,000 price per coin it reached late last year. However, the bitcoin price...

Iran: Central Bank of Iran (CBI) Finalizes Cryptocurrency Development of Rial-Pegged National Token

Iran’s local media reports that has completed the development of its national cryptocurrency which will be backed by Rial. When the Central Bank of Iran (CBI) approves the uses of national cryptocurrency, it will be issued to financial institutions such as...

Global: Most Cryptocurrency Offerings Trading below Listing Price - Report

Reuters
Almost a third of all cryptocurrencies that were financed through online fundraisers last year have lost “substantially all value,” while the vast majority are trading below their listing price, according to an Ernst & Young report published on Friday....

Global: Europe Surpasses US and Asia in Cryptocurrency Token Sales

NewsBTC
Europe is rapidly becoming the world’s cryptocurrency hub, with a significant amount of EUR funding being directed into cryptocurrency projects. So far this year, the value of token sales in Europe is close to exceeding that of Asia and...

Global: BitMEX Takes Aim at Bitcoin Core, Will Launch Competing Software Client

CCN
The research arm of cryptocurrency trading platform BitMEX has announced that it will launch its own Bitcoin software client to compete with reference implementation and industry standard Bitcoin Core. Unveiled this week in a lengthy post discussing the merits of competing...

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Several Influential Cryptocurrency Media Outlets in China Have Been Blocked

Wechat, an important application in China is used daily to share news, information, chat and even make an order at a restaurant. Wechat communicates with the Chinese government in order to monitor the public’s opinions on the Wechat platform to comply with the local law. Media surrounding blockchain technology has increased with the price of Bitcoin in 2017. At the beginning of 2018, the media increase continued and new outlets started up in China. During March of this year, more than 10 new blockchain media outlets finished financing campaigns. However, this increase in media development has created some controversy. Many cryptocurrency investors criticized the increase as being a proxy and working with the dealer to “cut the leek”, a vivid way to describe the pump and dump by the dealers or the project launchers to make the profits. On August 21, 2018 Chinese Cryptocurrency Media including Jinses Finance, Deepchain Finance, Huobi information...

Chandler Guo, China’s Top Bitcoin Tycoon, Continues to Build The Crypto Empire in The United States

Chandler Guo, one of China’s top Bitcoin tycoons, shared with BlockPulse 360 his thoughts on the cryptocurrency industry in China. Chandler was one of China’s first Bitcoin miners and has become one of the country’s most well-known cryptocurrency ambassadors. His success has brought him overseas to the United States to continue building his crypto empire. BlockPulse 360: Did your move to the United States have anything to do with the fact that the US is more ICO and blockchain friendly than China? Chandler Guo: Obviously, I am a big fan of Bitcoin and ICO. Just like everybody else in the crypto community, I understand the potential of digital currency and the magnitude of what it means for the economy. Today, ICO has made many people very rich, but in the future, cryptocurrency is likely to become the only currency in circulation. However, most governments, even the American government, are not the biggest...