Cryptocurrency News With URL like cryptoverze.com

Messari CEO Receives Threat Calls After XRP?s Market Evaluation
On 24 January 2019, Messari, a cryptocurrency analysis firm, published a report revealing that the value of all Ripple (XRP) tokens combined was greatly overstated. The report was created based on data analysis from crypto exchanges and third-party crypto data services. Messari's report estimated that XRP's market capitalization was overstated as much as 48%, which is approximately an extra $6.2 billion. This would leave XRP with a market cap of $6.7 billion instead of the current value of $12.9 billion. If the report stands true, XRP would be put in the third spot instead of second after Bitcoin (BTC) and Ethereum (ETH) in terms of market cap.
Crypto Investor Says Bitcoin May Surpass Visa?s and Mastercard?s Market Cap in 36 Months
In an Off the Chain article written by Anthony Pompliano dated 15 January 2019, he stated that although Bitcoin's (BTC) market cap may be currently lower than those of Visa and Mastercard, he would not be surprised if BTC surpasses both giants in the payment services industry in the next 36 months. He further added that legacy networks were already outdated while the decentralized network is built for the future. Anthony Pompliano is one of the founders of Morgan Creek Digital Assets, a multi-strategy investment firm that provide access to blockchain technology and digital assets for institutional clients and wealthy family offices. Off the Chain is a site that publishes crypto-related newsletters and hosts podcasts where Pompliano will discuss with guests from the crypto world about their opinions on digital assets as well as the differences in the new and old financial systems.
Russia?s Alleged $10 billion Investment in Bitcoin Most Probably Fake
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Ethereum Classic Labs Introduces New Development Team for Core ETC Projects
In a blog post dated 14 January 2019, Ethereum Classic Labs announced the establishment of a new development team called ETC Labs Core. The team consists of six members whom most have previously worked at ETCDEV, a company that was involved in core development for Ethereum Classis (ETC) but shut down in December 2018 due to the lack of funds. The announcement followed the detection of unusual mining activities of the cryptocurrency by major crypto exchange Coinbase . The exchange detected reorganizations on ETC's blockchain and double-spends. The activities were labelled as a 51% attack by the exchange and many others. Although ETC developers denied the allegations, they did ask for all crypto exchanges and mining pools to lengthen confirmation times on withdrawals and deposits involving the currency significantly.
Max Keiser Calls Bitcoin the ?Currency of Resistance? in Interview with Bitcoin Core Developer
Timothy Maxwell Keiser, or better known simply as Max Keiser , is a Bitcoin (BTC) supporter and host of the financial program titled Keiser Report broadcasted on the media channel RT? that discusses heterodox economics theories. The 30-minute program is co-hosted by his wife Stacy Herbert and produced three times a week. In the first half of the show, Keiser and Herbert would discuss alternately a present financial topic and comment on financial media reports as well as actions taken by bankers. The second half of the show is a segment where Keiser would host a guest interview face-to-face or through video conferencing.
Douglas County of Washington is Looking to Build a Blockchain Innovation Campus
The Seattle Times, a local daily newspaper outlet, reported that officials of Douglas County located in central Washington, U.S. are looking to build a blockchain innovation campus. The Douglas Country Department of Commerce will be providing $50,000 in funds for the blockchain project. Multiple counties located in central Washington have been chosen by many crypto miners to set up their mining farms or rigs due to the cheap fee they pay for hydro-generated electricity. The decline in crypto's performance during the year 2018 caused some mining facilities to shut down as they could no longer be financially supported by the industry . For example, a blockchain firm called Giga Watt announced its bankruptcy in November 2018, allegedly owing more than $310,000 to the Douglas County Public Utility District.
Former BitTorrent Executive Says It is Impossible for TRON to Integrate BitTorrent?s Token
TRON recently announced that a company it is affiliated with will be integrating the BitTorrent Token (BTT) through Binance Launchpad. The TRC-10 token based on TRON protocol is described to be a tool utilised to achieve a decentralized internet. The token is also boasted to be capable of enabling the mass adoption of blockchain and empowering content creators by granting them access to tools and features related to the distributing of content. Apparently, not many people believed in the potential or the usage of the token. A whitepaper was published after there were suspicions and discussions on whether the token is truly as powerful as it is promoted to be. Additionally, an announcement was made on the issue stating that BTT would create a token-based economy around the usage of networking, bandwidth, and storage.
India?s Second Largest Bank Threatens to Close Accounts of Users Involved in Crypto Transactions
On 8 January 2019, a Twitter user Indian CryptoGirl tweeted a screenshot showing the terms and conditions of India's second largest private bank based on market cap, Kotak Mahindra Bank. According to the screenshot, the bank demands its users to declare that they will not be involved in any transactions related to cryptocurrencies including Bitcoin (BTC). Users are also required to agree that the bank has the right to close their accounts without providing any further information if they are caught involving themselves in crypto transactions. A similar statement was also found to be shown on an ATM (Automated Teller Machine) screen according to a screenshot posted by another Twitter user. The ATM showed a warning stating that virtual currencies are considered illegal tender and are not protected nor provided regulatory permission in the country. Users were asked to refrain themselves from making any transactions using their accounts that involved the use of such currencies.
Bitcoin Core Developer Says 51% Attack is ?Really Hard?
A lot of discussions have been ongoing lately surrounding the occurring of suspicious mining related to Ethereum Classic (ETC). The discussions follow the announcement made by Coinbase , a major crypto exchange, stating that the platform detected chain reorganizations and double spends on the ETC blockchain . The activities were defined to be a 51% attack on the blockchain. Many crypto users further discussed the possibility of 51% attacks on other cryptocurrencies that utilize Proof-of-Work (PoW) algorithm. Some tweeted their opinions stating that a cryptocurrency must be susceptible to a 51% attack to be considered decentralized, among them included Litecoin (LTC) creator Charlie Lee .
New York Opens Blockchain Center to back Bitcoin Despite Crypto?s Declined Performance
In the year 2018, cryptocurrencies were at an all time low, with Bitcoin (BTC) having a 70% decrease in its value and other altcoins dropping 90% in value compared to when crypto was at its glory in 2017. However, New York seems to still have faith in the market and the technology supporting it. The state recently announced the establishment of the country's first cryptocurrency task force to study regulations on crypto and its usages. The task force also aims to depict the definition of digital currencies. Bloomberg reported on 10 January 2019 that the New York City Economic Development Corporation (NYCEDC) announced the opening of its 4,000-square-foot Blockchain Center located in the Flatiron District of Manhattan.
Thailand?s Ministry of Finance Issues Digital Asset Business Licenses to Four Crypto Firms
The Securities and Exchange Commission (SEC) of Thailand published a notice on 8 January 2019 stating that the country's Ministry of Finance has issued digital asset business licenses to four crypto -related firms, namely Bitcoin Exchange Co. Ltd., Bitkub Online Co. Ltd., Satang Corporation and Coins TH Co. Ltd. Bitcoin Exchange, Bitkub Online and Satang Corporation are crypto exchanges while Coins TH is a cryptocurrency brokerage firm. All the firms were issued business licenses by the ministry based on recommendations from the SEC. The country's SEC has been approving multiple crypto-related businesses as an attempt to formalize the local domestic crypto market . In August 2018, seven business firms were given permission by the SEC to carry out crypto-related operations.
U.S. Department of Energy Provides Technology Research $4.8 Million Funds Including Blockchain
An announcement on 7 January 2019 stated that the U.S. Department of Energy (DOE) will be granting $4.8 million to fund technological research in universities which includes blockchain technology. The announcement was made by the DOE's office of fossil energy. According to the announcement, projects which are eligible to benefit from the funding are those related to emerging technologies such as blockchain and decentralized, peer-to-peer internet protocols?. The funding aims to promote research projects that will improve the securing of data from fossil power generation sensors. The DOE approximated that the department will allocate the funding to up to 12 projects. Completed research projects will then be used in fossil-based power generation systems to enhance data processing from sensors to be more secure. Additionally, the newly developed systems will also be used in distributed sensor networks to process undetermined flows of information.
U.S. Law Firms File Class Action Lawsuit Against Nano and Bitgrail
According to a notice dated 7 January 2019, Silver Miller, a crypto -focused law firm and Levi & Korsinsky, a securities law firm, filed a class action lawsuit against the developers of the altcoin Nano (NANO) and Italian crypto exchange BitGrail . Both the law firms represent a Nano investor named James Fabian and other individuals who were placed in the same situation as him. Developers and significant members of the core team of Nano were accused of violating federal securities laws for being involved in an unauthorized offering and sale of securities. They were also accused of directing investors to entrust their funds to the crypto exchange BitGrail, a non-transparent firm with multiple issues. BitGrail and its CEO Francesco Firano were also required to defend themselves for promoting the cryptocurrency NANO.
Litecoin Creator Agrees That Decentralized Crypto Must Be Susceptible to a 51% Attack
Charlie Lee , the creator of Litecoin (LTC), tweeted on 7 January 2019 that a cryptocurrency must be susceptible to a 51% attack, no matter by hash rate , stake or other resources which could be obtained without a third party's permission, to be defined as decentralized. The tweet was made in response to another tweet by user CryptoTesla, which stated that if it can't be 51% attacked, it isn't decentralized?. The stated tweets were made as a response to an announcement made by Coinbase , a major crypto exchange. The announcement, made on the same day, stated that the platform detected chain reorganizations and double spends on Ethereum Classic's (ETC) blockchain .
NEM Argentina to Develop Blockchain Copyright System for CISPREN Journalists
It was reported by Cointelegraph in Spanish on 5 January 2018 that the NEM foundation in Argentina signed a memorandum of understanding (MOU) with CISPREN. The agreement aimed to provide journalists with copyright protection through a blockchain -powered system. The NEM foundation is a peer-to-peer cryptocurrency and blockchain platform while CISPREN is the trade union of journalists from the city of Cordoba, Argentina. The signing of the MOU also signifies the start of the development of a Proof-of-Concept for the copyright system. Blockchain technology has already been previously utilised for copyright protection and content management in the journalism industry. For example, Civil, a blockchain-based platform, partnered with Forbes and the Associated Press (AP) in the year 2018. Forbes intended to publish content on Civil's decentralized platform and allow writers to post articles on both Forbes and Civil by applying blockchain technology. AP utilised blockchain to track content usage and was interested in the possibility of the technology being capable of upholding ethical journalism by protecting creators rights to their articles.
Gemini Twin Leaders Confirm Commitment to Bitcoin ETF in Reddit AMA Session
On 7 January 2018, the Winklevoss twins held an AMA (Ask Me Anything) session on Reddit aimed to discuss topics related to blockchain and crypto . Tyler and Cameron Winklevoss are very influential in the blockchain community being the leaders of Gemini, a major crypto exchange company. The twin brothers have always been trying to apply for a Bitcoin ETF (exchange-traded fund). However, the U.S. Securities and Exchange Commission (SEC) rejected their applications twice in the past, the first time in March 2017 and the second in July 2018. The SEC explained that the applications for a BTC ETC were rejected because a large portion of BTC trading occurs outside of the country on exchanges which were not regulated properly. Additionally, the low liquidity of the cryptocurrency also contributes to the rejections.
U.S. Federal Agencies Raid Tech Hub for Unauthorized Crypto Trading
On 5 January 2019, U.S. news outlet Wood-TV reported that a Michigan-based technology hub had its office raided by the country's federal agencies in December 2018. The office belonged to the National Science Institute or previously knows as the Geek Group, which is a non-profitable educational organization aimed to provide technology-related opportunities. It was reported that Chris Boden, the founder of the group, made a live public statement regarding the raid on YouTube, which was later deleted. He stated in his message that on 21 December 2018, his office was raided by the U.S. Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS). Various equipment was taken from the office such as computers and hard drives.
Scam Site Promotes Bitcoin with Former New Zealand Prime Minister?s Picture
New Zealand media outlet Stuff reported on 5 January 2019 that a fake news site released a crypto -related advertisement, pairing it together with a picture of the country's former prime minister John Key. The advertisement allegedly promoted Bitcoin by promoting an interview with John Key where he elaborates his passion for the cryptocurrency . It is not the first time the ex-prime minister was utilised in fake crypto ads. Back in late 2017, his picture was used in an ad where he was quoted saying he purchased $1000 worth of Bitcoin following the system and ended up with an investment return of $300 million after seven years. In December 2017, he denied all the rumours surrounding him being a Bitcoin investor .
Irish Government Approves Crypto-Related Anti-Money Laundering Bill
On 3 January 2019, the Irish Times reported that the Irish Cabinet, which is the organization that exercises executive authority in the country, has approved a new bill aimed to introduce stricter laws to counter money laundering activities in the crypto market. Once the bill passes, financial firms will have to apply stricter regulations upon new clients and prohibit the opening of anonymous safe deposit boxes. The bill will also give the Garda and Criminal Assets Bureau the right to access bank records when money laundering activities are being investigated. Charlie Flanagan, the Minister of Justice, commented that serious criminals and terrorists utilises money laundering to keep their organizations operating. If these activities are not stopped, it will cause more lives to be harmed and destroyed as criminal organizations continue to survive. He added that certain measures need be taken in the whole EU to prevent criminals from exploiting the open-borders of the EU. Therefore, he stated that the country strongly supports the provisions in the fifth EU money laundering directive.
Chilean Anti-Monopoly Court Protects Local Crypto Exchanges
On 2 January 2019, Diario Financiero, a financial news outlet, reported that the Chilean anti-monopoly court are forcing banks to keep accounts of local cryptocurrency exchanges open. According to a crypto exchange named Buda.com which was previously affected by banking restrictions, the anti-monopoly court held a poll and most of its members decided to stand with the crypto exchanges. The Tribunal de Defensa de la Libre Competencia (TDLC), which is the name of the anti-monopoly court, made the announcement as a response to the Chilean Supreme Court's decision made earlier in December which allowed the bank accounts of a local crypto exchanges Buda.com and OrionX to be frozen by a state-owned bank.

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