The world’s largest cryptocurrency exchange in terms of trading volume, Binance, suspended all trading hours after irregular transactions with a cryptocurrency were reported.
Cryptocurrency Market Updates
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Market Update 7.03.18 – Bermuda Creating Banks for Blockchain Companies
Last updated: July 3, 2018, 5:05 am Cryptocurrency Market UpdatesThe Government of Bermuda announced that it was going to make amendments to its Banking Act so that it can establish a new class of banks that will service the needs of local Blockchain companies.
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Market Update 7.02.18 – Cryptocurrencies Can’t Challenge Central Banks
Last updated: July 2, 2018, 5:54 am Cryptocurrency Market UpdatesAccording to the latest Monetary Report issued by the European Union’s Parliamentary Committee on Economic and Monetary Affairs, cryptocurrencies cannot challenge central banks even though they have made financial transactions safer, more transparent and much faster.
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Market Update 7.01.18 – Startup Gets $600k To Fund Bitcoin Cash Mobile Wallet
Last updated: July 21, 2018, 4:42 am Cryptocurrency Market UpdatesBlockchain startup CoinText.io is currently developing a way to perform offline Bitcoin cash transactions. Apparently, it managed to close down a funding worth $600k. The latter will reportedly be used to develop a mobile wallet that will be designed to support the aforementioned transaction.
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Market Update 6.30.18 – KYC Test on R3 Blockchain Platform Completed
Last updated: July 1, 2018, 7:33 am Cryptocurrency Market UpdatesAccording to R3 official blog post, 39 financial services companies partnered with the R3 Blockchain consortium to complete more than 300 transactions using the platform’s KYC app.
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Market Update 6.29.18 – General Electric Looking at Blockchain
Last updated: June 29, 2018, 6:22 am Cryptocurrency Market UpdatesIndustrial conglomerate General Electric is contemplating incorporating Blockchain technology to verify the authenticity of 3D-printed parts being used in its supply chain.
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Market Update 6.28.18 – EOS CTO Proposes Re-Hauling Constitution
Last updated: June 28, 2018, 5:55 am Cryptocurrency Market UpdatesThe Chief Technical Officer of EOS, Dan Larimer proposed that the entire constitution be re-hauled so that arbitrators’ powers could be curtailed. This proposal came in response to the recent infighting related to the structure of the Blockchain’s governance. According to the current constitution, three different groups are supposed to keep each other in check so that a balance is maintained.
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Market Update 6.27.18 – Facebook Updates Policy to Allow Crypto Ads
Last updated: June 27, 2018, 6:36 am Cryptocurrency Market UpdatesThe social media company announced on June 26, that Facebook has updated its policies so that cryptocurrencies can now once again advertise on the social media platform. However, the company still maintained its ban on ads related to Initial Coin Offerings.
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Market Update 6.26.18 – Tether Briefly Enters Top Ten List
Last updated: June 26, 2018, 8:28 am Cryptocurrency Market UpdatesThe controversial stablecoin Tether (USDT), supposedly backed 1:1 by the US Dollar, issued another 250 million Tether tokens on June 25, and now the expectation is to see another price increase in Bitcoin.
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Market Update 6.25.18 – EOS Leading China’s Crypto Rankings
Last updated: June 25, 2018, 6:41 am Cryptocurrency Market UpdatesAccording to Cena News, the Chinese government’s second round of monthly crypto and Blockchain project ratings – the Global Public Chain Technology Evaluation Index – were released on June 20 at the Shanghai Science Hall. According to these rankings, EOS is the number 1 cryptocurrency, followed by Ether at number two. Of the 30 cryptocurrencies analyzed by the Index, Bitcoin was ranked at a dismal 17th place.