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Author: adalbertoguyton

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Ethereum Foundation Developer Proposes Smart Contract Insurance Fund

April 28, 2018 | Posted in Crypto Currency

Ethereum Foundation developer Alex Van de Sande has unveiled a proposal for an insurance pool that he believes will mitigate the risk of network splits stemming from a desire to recover funds frozen due to code faults in smart contracts. Van de Sande, who is team lead for the Mist browser, wrote in a blog …

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Cryptocurrency Exchange Binance Inks $15 Million Investment Pact with Bermuda

April 28, 2018 | Posted in Crypto Currency

Reports have confirmed that Bermuda’s Premier and Minister of Finance, David Burt has signed a memorandum of understanding (MOU) with Binance Group, the operator of the world’s largest cryptocurrency exchange. During a trip to Bermuda, Binance founder and CEO Changpeng Zhao met with David Burt to sign an MOU that will see the Binance Foundation …

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Mining Is Over? Advanced Miners Announces Revolution with ASIC on 12nm Chip!

April 28, 2018 | Posted in Crypto Currency

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned …

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Bitcoin Price Climbs to $9,200, Market Hits $420 Billion as Tokens Record Gains

April 28, 2018 | Posted in Crypto Currency

The bitcoin price has increased by around $400 over the past 24 hours, entering the $9,000 region and surpassing $9,200. On April 27, bitcoin experienced a sudden dip in price that sent it to the $8,800 mark. Throughout today, bitcoin and the rest of the market recorded strong gains as the valuation of the market …

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Crypto Exchange Coincheck Made $491 Million Profit Prior to Hack

April 28, 2018 | Posted in Crypto Currency

Hacked cryptocurrency exchange Coincheck made 53.7 billion yen ($491 million) in profit for the fiscal year ending in March, according to financial data released on Thursday by parent company Monex. The exchange, which in January succumbed to a record-setting hack that saw the attackers make off with $530 million worth of NEM tokens (XEM), raked …

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VC Giant Sequoia Sues Crypto Exchange Binance Over Failed Financing Deal

April 25, 2018 | Posted in Crypto Currency

Venture capital firm Sequoia Capital is suing the founder of Binance, the world’s biggest cryptocurrency exchange, for allegedly violating an exclusivity agreement. Binance founder and chief executive Zhao Changpeng has been sued by Californian venture capital firm Sequoia Capital in Hong Kong’s high court in relation to a financing deal that broke down between the …

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Ethereum Price Roars Past $700 as Crypto Market Value Rivals That of Facebook

April 25, 2018 | Posted in Crypto Currency

The Ethereum price crossed a major milestone on Tuesday, surpassing the $700 mark for the first time in more than a month. The rally was far from an isolated occurrence, as the cryptocurrency market cap achieved an eight percent advance, adding nearly $33 billion to its rapidly expanding waistline. In the past week, the market …

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20% of Financial Institutions Could Begin Cryptocurrency Trading in 2018: Survey

April 25, 2018 | Posted in Crypto Currency

The cryptocurrency market could get a lot more crowded this year. According to a survey by Thomson Reuters, approximately 20% of financial institutions could get off the fence and begin cryptocurrency trading in 2018 over different time durations. Most of the firms that expect to launch cryptocurrency trading this year, or 70%, are keen to …

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Binance Leads $30 Million Funding Round in Signal Founder’s Crypto MobileCoin

April 25, 2018 | Posted in Crypto Currency

Cryptocurrency exchange giant Binance has led a $30 million funding round for MobileCoin, a cryptocurrency whose development team includes Signal creator Moxie Marlinspike. MobileCoin announced the conclusion of the funding round on Tuesday, adding that Binance had made its investment in the project through Binance Labs, its blockchain incubator. The cryptocurrency, which will utilize the …

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126 Banks-Strong Brazilian Association Febraban Reveals Blockchain Tests

April 25, 2018 | Posted in Crypto Currency

Febraban, the Brazilian Federation of Banks with over 120 associated banks, is actively exploring and researching blockchain technology. The Federation has published tests that have been carried out on different platforms such as Corda, developed by the global banking consortium R3. Recently, it has announced the addition of another event, the CIAB Febraban, whose talks …

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