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Opinion: Bitcoin Dominance Metric Should Exclude Stablecoins Like Tether. Here’s Why

Opinion: Bitcoin Dominance Metric Should Exclude Stablecoins Like Tether. Here’s Why

Altcoins have always been around aside Bitcoin. The first altcoin, Namecoin, popped up somewhere in the middle of 2011. Since then, the total number of altcoins has reached 5 digits, and they have evolved from Proof-of-Work to Ethereum-based ERC-20 smart contracts to Initial Coin Offerings (ICOs). 2017 was the year of the ICO, and it…
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Data Privacy Startup StrongSalt Raises $3 Million For Encrypted API Service

Data Privacy Startup StrongSalt Raises $3 Million for Encrypted API Service

news A new encryption-as-a-service company raised $3 million to bring standardized encryption techniques to the blockchain. Data privacy startup StrongSalt announced Thursday the closing of a seed round from Valley Capital Partners. Backed by three encryption-related patents, StrongSalt will release its API product later this year at the AWS re:Invent 2019 conference in Las Vegas, Nevada.…
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Telegram To Award Devs $400K In TON Blockchain Smart Contracts Contest

Telegram to Award Devs $400K in TON Blockchain Smart Contracts Contest

Global messaging app Telegram announced a coding competition for building smart contracts for the Telegram Open Network (TON) Blockchain.5 types of smart contractsThe contest includes three parts with a prize fund for all included tasks ranging from $200,000 to $400,000, according to an announcement posted on the Telegram Contests channel on Sept. 24. The contest…
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Bitcoin At $8K: Reason To Worry? Nope, Network’s Long-Term Metrics Are Just Fine

Bitcoin at $8K: Reason to Worry? Nope, Network’s Long-Term Metrics Are Just Fine

Just a couple of days ago, Bitcoin’s price plunged to $8,000, dropping $1,500 in less than an hour. This marked a decrease of around 14% and had quite a few people worrying whether the bull run of 2019 had reversed. A closer look at the state of the network and the long-term price trend, however, suggests…
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Bittrex Adopts Chainalysis KYT Software To Flag Suspicious Activity

Bittrex Adopts Chainalysis KYT Software to Flag Suspicious Activity

news Bittrex, the U.S. crypto exchange, has adopted blockchain compliance firm Chainalysis’ real-time monitoring software for transactions to flag suspicious activity across many of its leading coins, Bittrex executives told CoinDesk. Bitcoin, ETH, bitcoin cash, litecoin, dai, gemini, among other cryptocurrencies traded on Bittrex are covered by the new software, known as Chainalysis KYT (Know Your…
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Overstock’s Venture Arm Invests $2 Million In Blockchain ID Firm

Overstock’s Venture Arm Invests $2 Million in Blockchain ID Firm

news Blockchain-based identity firm Evernym has received a $2 million investment from Overstock subsidiary Medici Ventures, according to a release from the company. Medici Ventures participated in Evernym’s Simple Agreement for Future Equity (SAFE), which will be transferred into preferred stock at an undisclosed date. The round closed earlier this month with Evernym receiving funding from…
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Only Reporting Part Of Your Crypto Addresses? The IRS Needs To Know

Only Reporting Part of Your Crypto Addresses? The IRS Needs to Know

Just a few months ago in July 2019, the United States Internal Revenue Service (IRS) sent approximately 10,000 letters to cryptocurrency holders regarding their crypto holdings. The letters detailed that recipients may not have reported their transactions properly, or failed to report income and pay taxes on their digital currency transactions. The IRS asked the recipients…
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