Man Jailed For $3.5 Million Bitcoin Heist

A freelance journalist who used to do regular work with Newsweek, The Washington Post and The New York Times was forced to flee his career after he was caught involved in a number of scams. A new federal accusation says the journalist came into the rich world of cryptocurrency in an attempt to walk away with $3.5 million worth of Bitcoin.
Jerry Ji Guo has worked for a lot of big names for his age of 31. In 2010, he had been working for the newspapers, mentioned above when his career was cut short after being caught using his details to scam free merchandise and international travel from ersatz reporting subjects. Following this, Guo bounced back into New York’s ‘Silicon Alley’ which is a tech startup community which scored YCombinator seed funding for a group dating service called Grouper and lasted around eight months.
Since this time, we can now look at his LinkedIn profile and see that the Chinese-American graduate from Yale has been the owner and head chef of a burger bar in Beijing as well as founding a growth hacking marketing company in Atlanta. In 2017 he finally landed in the field in which seemed natural to him, cryptocurrency. He launched a $2 million ICO for a content sharing platform he claimed had partnerships in place with The Voice and American Idol.
Guo is now on a different path for the potential of up to 20 years. On the 9th November, FBI agents in Puerto Rico arrested the self-described serial blockchain entrepreneur on wire fraud charges for allegedly stealing around $3.5 million worth in cryptocurrency from startups which had initially hired him as a consultant.
Last week, a federal judge in San Juan ordered Guo’s transfer to California in order to go face to face with the eight counts of incitements which carries a sentence of up to 20 years in prison by statute and at least five years three months under federal sentencing guidelines.
As reported by the Daily Beast:

“At the centre of the case is Guo’s career in the fast money world of initial coin offerings. An ICO is a blockchain-based fundraising strategy in which a company drums up capital by minting and selling digital tokens directly to the public.”

What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Coinbase XRP Saga Continues

One of the biggest United States-based cryptocurrency exchanges, Coinbase has introduced support for XRP as a feature of their custodian service. The addition of the token was originally announced by Coinbase back in October in light of actual support coming for the coin for traders to both buy and sell.
In comparison to the unregulated landscape of most digital currency exchanges, Coinbase Custody includes a layer of assurance for large capital investors. Rather than aiming towards specific customers or the user base as a whole, Coinbase custody is prepared for hedge funds and institutional investors with millions in assets, providing what is easy to use secure platform for storing and funding cryptocurrency specifically as fresh faces to the industry don’t fully understand the concept of private keys and cold storage wallet. On top of the pros of an upgraded financial security, Coinbase Custody “provides investors with insurance coverage on their stored assets which now extends to XRP, despite the coin not being listed directly on the exchange.”
Over the past week, we have seen the markets crash, climb and then over the past day, crash once again which sent Bitcoin below the $5,000 key resistance level. Not only that but XRP has taken over Ethereum as the second biggest cryptocurrency in the space and there is even talk of XRP taking over Bitcoin by the end of the week as the leading cryptocurrency. The currency is down from its once all-time high of $3.80 earlier in the year. Funnily enough, this was due to an appreciation created through investor anticipation of the token being listed on Coinbase, XRP and Ripple are always making regular headlines for building adoption throughout this year. As reported by EWN, “XRP thus far has embodied the paradox of cryptocurrency growth, that development and new adoption for blockchain and crypto have continued to grow exponentially despite the slumping prices.”
As said by Ethereum World News:

“With the proverbial bloodbath taking place in cryptocurrency’s market capitalization, a long-anticipated union of Coinbase and XRP could be the exact pairing to reignite interest. While investors will continue to be hesitant over any association between XRP and Coinbase, particularly after the coin rose and plummeted following rumours of a listing in January 2018, the addition on the Coinbase Custody program is some small indication that there could be interest between the two parties.”

It was back in July that Coinbase announced the possibility of five new currencies being added to the exchange, with XRP’s primary competitor Stellar XLM being listed as a front-runner. Despite this, Stellar doesn’t have any relation to the exchange in any context outside of that first reveal.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

TRON Improving Against EOS

The TRON platform has grown in popularity due to how unique it is as a system which has different features such as streaming, content delivery and holding storage in the most secure and simple manner. In recent weeks, the platform has seen some massive growth especially in terms of its daily transaction volumes. The recent development has been announced on Twitter by Justin Sun, the companies firms founder and CEO.
In a recent Tweet, Sun said that TRON’s transaction volume on a daily basis is now increasing at a rate of more than $20,000 every day. He even went on to take a light dig at EOS saying that the new record now makes TRX ten times bigger than their rival. Different users joined the thread to offer their opinions to the world.

#TRON account Daily increase 20k+ a day! New record and now it is 10x than EOS! #TRX $TRX
— Justin Sun (@justinsuntron) November 18, 2018
Some have expressed their concern regarding the TRON growth, saying that the large volume might not even count. Other users expressed their shock that TRON’s volume could have really jumped from $1 million to $2 million out of nowhere.
There has even been talk that the followers on social media for TRON might not even be real.
Another user wondering what kind of utility the digital currency was able to bring to the table especially to the institutions.
As reported by ZyCrypto:

“TRX supporters made their presence felt with their pro-Tron comments. According to one of them, TRX is currently 100 times better as compared to EOS. For one, Tron has just launched its own exchange platform called Tron Market.”

Speculation is floating around that TRON is preparing itself to ‘rocket to the moon’ in terms of price but this is yet to be seen..
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

WIll Bitcoin Recover This Week?

Bitcoin, along with the rest of the markets has had a very rough weekend and looks to be entering the start of the week with exactly the same sentiment. Bitcoin is currently priced at $5,168 at the time of writing following a 7.74% drop over the past day. Such is the same for the rest of the market leaving many investors fearful about what may happen next.
So why did this happen?
From what we can see, it seems like ‘the bottom just fell out’. If take a look back to Wednesday, Bitcoin opened at $6,326 but the next day it had dropped to $5,598 which is a loss of 11.5%. During this time, Bitcoin’s market cap slipped below $100 million for the first time in 12 months, the currency is currently funded by over $90 million, and with the price of Bitcoin currently being $5,200, things don’t look so good for the leading cryptocurrency with all this in mind.
There is even talk of XRP surpassing Bitcoin for the leading position by years end.
Of course, no one really knows what has happened here, although there was speculation of last week’s drop being caused by the Bitcoin Cash hash war. Bitcoin’s tumble coincided with the runup to the hard fork of Bitcoin Cash The new cryptos to surface as a result of the fork, Bitcoin ABC and Bitcoin SV were integrated through software code on the 15th November, this, in turn, could be one of the reasons for the fall of Bitcoin, though this is not conclusive.
As reported by Nasdaq, with all these losses for Bitcoin, the rest of the market followed in its path. Ethereum and XRP have swapped places in market cap but have also posted massive losses. Ethereum dropped nearly 15% and has even slipped a further 12% approaching the start of this week. XRP lost over ten percent last week but it made a bounce back somewhat and is up by over 5% in the early hours of today. The crypto market has whole lost twelve percent in the rout and is down a further three percent this morning.
Who knows when Bitcoin will bounce back? Will it ever bounce back?
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

From Google To Crypto

Different people from the tech sector have packed up and left in search for a brighter future in the crypto space.
Kahina Van Dyke from Facebook moved to Ripple earlier in the year, Leo Chen searched for greener pastures away from Amazon for Harmony and so on.
But for Google, two main employees left the search engine giant for CoinTracker and OKCoin.
Chandan Lodha
Lodha is the co-founder of CoinTracker, an application which will calculate tax obligations on crypto portfolios. Leaving Google during the middle of last year, Lodha had been working as a product manager on Project Loon which looks to connect remote areas to the internet with balloons.
Speaking to CoinDesk, Lodha said that he was initially quite skeptical of cryptocurrency despite doing some work on a Bitcoin startup in 2012 and held digital currency for years. As those holding became more valuable, it seemed to be something a bit more serious.
He had already been working on putting together an idea with a fellow employee at Google who ended up becoming the co-founder. Even though they had initially started to look at a traditional fintech, his own experience in crypto pointed their business that way.

“One lesson we have brought from Google that has been really helpful in building CoinTracker is focusing on users to build very simple and intuitive products.”

Alex Feinberg
Alex Feinberg acts as the Director of Business Development at the exchange, OKCoin, despite initially leaving Google in order to join a security startup aimed at blockchain startups called Petram Security. Which means OKCoin is technically his second crypto position since Google.
Feinberg began at Google in 2011 doing numerous roles on the business side of things including Google Search and Google Assistant before he left in March this year. He worked with some massive brands including Bloomberg, NBA and NPR for the implementation of their content with major search and assistant platforms.
His reason for joining Google in 2011 was because he had a thesis that as long as central banks keep on printing money it would have outsize benefits in the more speculative parts of the economy such as tech. He said:

“The move into the crypto space was just a logical extension of this original decision.”

What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

European Central Bank Exec Weighs In On Bitcoin

The European Central Bank is the central banking authority that exists as a central hub for 19 of the European Union member states, known as the Eurozone. The central bank are responsible for managing matters surrounding the Euro and also work towards establishing new policies and standards within the Eurozone, which includes economic giants such as Germany and France.
The 2008 financial crisis shook the globe, as a central bank involved with many different countries we can be assured that the 2008 crash had a huge impact on the European Central Bank too, this is why it could be said they are still pretty down about the situation, to say the least.
According to RTT, Benoit Coeure, a French economist and a member of the Executive Board of the European Central Bank has recently spoken out against Bitcoin, suggesting that it’s rise during the late 00’s might have had an impact on what happened during the global financial crisis.
This comes after Coeure spoke at the Bank for international Settlements in Basel.
According to RTT:

“European Central Bank Executive Board member Benoit Coeure has called bitcoin the ‘Evil spawn’ of the 2008 financial crisis, Bloomberg reported. At the Bank for International Settlements or BIS in Basel, he stated that bitcoin was an extremely clever idea, but not every clever idea is a good idea.”

Moreover:

“As per the report, Coeure noted that Satoshi Nakamoto, the supposed creator of Bitcoin, mined the first block months after the collapse of Lehman Brothers. He also noted that BIS head Agustin Carstens previously had said that Bitcoin is a combination of a bubble, a Ponzi scheme and an environmental disaster.”

Is this important?
Of course, we must point out that Coeure is still on the executive board at the central bank, so we should take what he says on board as his opinion may be able to influence those high up at the European Central Bank. Indeed, we are sure the central bank are still feeling positive about Bitcoin and that in this instance, this is one opinion in a very big echo chamber, even so though, we should take these comments on board and keep our eyes on any future legislation that might roll into the Eurozone.
Source: Crypto Daily

Goldman Sachs Backed Crypto Gets Binance Approval

Goldman Sachs Group is a UUS-based investment bank and financial services provider. They are famously one of the largest financial groups in the world, with a real grip on the finance industry, offering services in banking, investment, securities, asset management, brokerage and, more and more frequently, cryptocurrency.
Indeed, Goldman Sachs have not fully immersed themselves within the cryptocurrency and blockchain industry just yet, though we do expect that in a few months time, Goldman Sachs will make their intentions a little more clear with regards to what they want to achieve in this area.
We do however see Goldman Sachs mentioned on a regular basis within crypto news, notably during an announcement that saw the launch of USDC, an Ethereum ERC-20 based stablecoin that was launched by Circle very recently. Circle, is a firm that is backed by both Goldman Sachs and Coinbase, hence where the association lies here.
Binance list USDC
In an announcement made yesterday, Binance have revealed that they have added USDC to their listing, making USDC tradeable against Bitcoin and Binances own native token, BNB.
According to CCN:

“In a statement, the cryptocurrency exchange indicated that trading of the USDC and bitcoin (USDC/BTC) pair, as well as the Binance token and the USDC (USDC/BNB) pair, will commence on November 17. Depositing the stablecoin which is pegged on a one-to-one ratio with the US dollar has, however, already started. Besides seeking to supplant the monopoly-like hold that the oldest USD-pegged stablecoin Tether (USDT) has on the crypto ecosystem, Coinbase indicated at the time that USDC would contribute towards a more transparent financial system across the globe.”

A surge in stablecoins
This is a part of what many are describing as a surge in stablecoins – USDC is just one of many stablecoins that have come to the fore of late, through inspiration from the world’s most established stable coin, Tether. Why is this happening?
Simply put, stablecoins are used to allow people to make more calculated investments, instead of having to buy Bitcoin to purchase other altcoins, stablecoins offer investors a less volatile alternative, since stablecoins are made to have a value that is pegged to FIAT currency, so in the case of USDC, this coin is pegged to the value of the US Dollar, so 1 USDC is always equal to 1 USD. This means, people can make crypto to crypto purchases, without being subject to the volatility of traditional cryptocurrencies like Bitcoin.
This in turn, makes investment more accessible to everyone, and also hosts special advantages for institutional investors too. The surge we are seeing is simply as a result of a more mainstream adoption of crypto, which of course, is a good thing.
Source: Crypto Daily

Trump's Attorney A Believer In Crypto Time Travel?

During Donald Trump’s campaign to become President (and thereafter) there has been quite a lot controversy. With different policies and things that the President has said and promised to be at the forefront of this.
Trump’s interim replacement for Attorney General, Matthew Whitaker once backed up a cryptocurrency that had the idea of time-travel in mind.
Time Travel X was looking for donations in Bitcoin two years ago in order to make time travel an actual thing and it was backed by World Patent Marketing, a firm based in Florida.
Whitaker was paid around $10,000 in 2014 by the company which no longer exists as it says in court filings in order to serve on its advisory board as it attempted to market the cryptocurrency project as well as a series of other strange inventions.
The Federal Trade Commission filed a complaint against the World Patent Marketing firm last year in accusations that those people who hooked in lost their life savings or ending up in piles of debt as a result of being involved in the company. In May this year, a Florida court ordered the firm to shut down and pay a $25 million settlement.
The acting attorney for the President has appeared in promotional videos for World Patent Marketing as well as providing some quotes of backing it in a few press releases.
In the press material released by World Patent Marketing, Whittaker said:

“As a former US Attorney, I would only align myself with a first-class organisation. World Patent Marketing goes beyond making statements about doing business ‘ethically’ and translate those words into action.”

The Time Travel X endeavour appears to have also had the support from a theoretical physicist and faculty member of the University of Connecticut, Dr Ronald Mallett.
A video published in 2016 by World Patent Marketing explains:

“For years, Dr Mallett has conducted research on time travel based on Einstein’s Theory of Relativity. WPM’s founder and successful entrepreneur Scott Cooper has built a financial instrument to fund Dr. Mallett’s research. Time Travel Technologies gives you the opportunity to fund the research that will help to make time travel possible.”

The Independent reported that they have been trying to get in touch with Dr Mallet but haven’t received any response as of yet.
As for Whitaker, who was appointed acting attorney general by President Trump earlier this week also couldn’t be reached for a comment.
What are your thoughts? Let us know what you think down below in the comments!
Source: Crypto Daily

Banning Bitcoin In India Is No Easy Task

Famously, plans are being made in India by the Reserve Bank of India (RBI) to ban cryptocurrencies such as Bitcoin, Ethereum and XRP and others. Even though it is currently unclear what the governments move against cryptocurrencies will be, what we do know is that the fact that integrating this will be no easy task.
If anything, this attempt to ban digital currencies could only fuel money laundering, illegitimate transactions and tax evasion.
Of course, cryptocurrencies aren’t bound by a national jurisdiction but are powered by blockchain technology instead, a distributed and decentralised public online ledger which is used to record payments. A global network of computers manages the database that records all the deals.
There are around ten big crypto exchanges in India with an estimated user base of up to six million.
As reported by qz.com, cryptocurrencies don’t rely on dependent on a crypto exchanges wallet as they can be stored on a cloud storage platform such as Dropbox, a pen drive, laptop or a private virtual wallet. Nischal Shetty, founder and CEO of the Indian crypto exchange, WazirX said that “even if the government decides to ban possession, it will be just impossible to implement it.”
Another way the government could prevent the public from transferring cryptocurrencies could be by cracking down on the exchanges and forcing them to close up shop.
Shetty says that even that might not be successful saying:

“The government can successfully ban the known, big exchanges; but then small, hyperlocal exchanges will possibly come up and it will be extremely difficult to keep track of and block them.”

Even if the exchanges are closed down, a cryptocurrency investor would be able to migrate to any of the several stock exchanges across the globe. However, these are seen as foreign transactions and the Indian government has imposed checks and balances on such dealings.
Even so, there are ways that this can avoid. Crypto investors might resort to peer-to-peer channels to transfer their investments into the overseas exchanges:
The policy counsel at Incrypt (a company which gives advice to blockchain tech firms) Tanvi Ratna spoke on the matter saying:

“Once an Indian (citizen) is invested in a foreign exchange, it might become impossible for the government to trace his or her investments because most foreign exchanges also allow conversion to private coins which makes transactions untraceable.”

What are your thoughts? Let us know what you think down in the comments below!
Source: Crypto Daily

Cryptocurrencies In The Red Following Attack From The Bears

Today, the bear market has been in full action and not only hitting the big three cryptocurrencies but, the rest of the top 100 too.
The bear movement has been straight as an arrow with tokens from Bitcoin heading downwards closing with some significant losses. BAT and Maker managed to avoid the bears for a short time but in the end, they seemed to fall under the bear’s attack.
The bear market has been hitting Ethereum for around two days now and Bitcoin even surprised traders yesterday as it even fell below the $6,300 mark for the second time this month. Trading volume also saw a drop of 0.30 percent, market cap totalled at $110.67 billion.
Ethereum’s trading price seems to struggle when it came to stability which left investors very sceptical as it started to get a better grip on $207 for each Ethereum token, however, the odds are that it will lose this momentum and possibly make a comeback from the $150 to $190 resistance level. At the current time of writing, Ethereum is in the red by just under 6.5 percent and is priced at $195.
Ripple’s outstanding performance yesterday didn’t last long either since the token lost over 2.09 percent and was trapped at $0.51 for a short period. Currently, the token is priced at $0.48 and is also in the red with a 7 percent decrease.
If we look further down the top 100 to Litecoin, Cardano, Stellar, EOS and TRON we can see that they haven’t been spared the onslaught of the bears as they are all in the red too.
In Litecoin’s case, it is priced at $48.30 after being in the red and having a decrease of 4.30 percent.
For Cardano, ADA is also in the red and is down by 7 percent at the current time of writing and is priced at $0.07.
Stellar is in the red with a 7 percent decrease too and is priced at $0.24.
EOS is looking at an 8 percent drop and it is priced at $4.93 at the time of writing.
The eleventh biggest currency in the market, TRON is down by 5.83 percent and is priced at $0.021.
What are your thoughts? Will the market continue to decline or will we see a sudden surge anytime soon? Let us know what you think down in the comments below!
Source: Crypto Daily

The Blockchain Startups You Need To Hear About

It’s safe to say that the blockchain industry is thriving at the moment. Whilst this is a good thing, it does make it very hard for us to pick out promising blockchain ideas that are calling out for our investment. Overall, the industry is a maze of startups, new ideas and growing innovations. It’s exciting to be a part of, and it’s an industry that is going to be cooking for many, many years to come.
American Inno have recently published an article that highlights their 11 most exciting blockchain startups, across 11 different cities, we want to dive into this to pick out a few of our favourites.
Blockchain technology does not just mean cryptocurrency, therefore some of the mentioned projects are focusing on many other aspects of blockchain technology. Remember that this is opinion based and we are by no means telling you to invest in these projects, at the very least though, it’s exciting to explore.
According to American Inno:
“Blockchain startups have raised nearly $4 billion in VC in 2018 to date, a 280% increase from last year’s record pull. And blockchain extends way beyond the crypto space, infiltrating a variety of industries from healthcare to media. To shine a spotlight on the blockchain innovation that’s happening across the Inno network, we asked our writers to offer up a local startup in this space that’s caught their eye.”
Factom
Factom is a project that already hosts a tonne of value, around $500 million worth to be exact. Factom has been backed by Tim Draper, which in turn is helping to draw a lot of attention to this project, according to American Inno:
“Factom, which has backing from Tim Draper, has landed contracts to protect data housed by the U.S. Border Patrol, the Department of Homeland Security and the Bill and Melinda Gates Foundation. Factom’s other co-founder, Jack Lu, also launched Wanchain, which has landed millions in Ethereum and provides cross-blockchain functions.”
What is Factom? Well, according to the Factom website:

“At Factom, we make the world’s systems honest and build trust between organizations,
people and institutions today, solve hard problems through the utilization of Factom’s Blockchain. We see a future world where fraud, corruption, and forgery are a thing of the past. We believe in keeping private data private and securing the world’s wealth because privacy and possession of property are basic human rights. Life can be a little more fair with Factom.”

Coinigy
Coinigy is a brand new crypto portfolio management, according to American Inno:
“A cryptocurrency startup in Milwaukee called Coinigy gives crypto traders the tools they need to buy, sell and manage their portfolios. Users get access to data on more than 40 exchanges and the ability for users to trade on nearly 20 exchanges. Though the company was founded in 2014, it just launched its mobile app in May to let traders trade on the go, and now has upwards of 80,000 users, roughly half of which pay about $20 per month for the product. And the founders say revenue has grown 300 percent year-over-year, which is pretty impressive.”
And, according to the Coinigy website:
“Coinigy is the best way to access the global financial markets of the future. Businesses small and large rely on our data to power their decision-making. We are a group of dedicated developers, traders, analysts and evangelists that believe in the upcoming paradigm shift that cryptography and the blockchain are bringing to the global financial industry. We built Coinigy because we are passionate about open, transparent markets and aim to be a major driving force in widespread adoption. Our goal as a company is to empower 100,000 people through powerful tools and education.”
Block.one
You’ve probably heard of these guys. The last of American Inno’s recommendations that we wish to touch upon is Block.one, the startup behind the EOS project. All things considered, it’s pretty clear why Block.one are quite a big deal and why we believe they are still one to watch.
According to American Inno:
“The maker of the world’s fifth most valuable cryptocurrency expanded its footprint in a major way this year. The blockchain company, which has offices around the world and was founded just a couple years ago, moved into its own 30,000-square-foot building in the Virginia Tech Corporate Research Center in October. Block.one created EOS, which raised $4 billion in an initial coin offering, and it’s backed by Peter Thiel — making it by far Central Virginia’s biggest blockchain startup.”
Now, as stated, we’re not telling you that these are the projects to invest in, however we do believe it is worth your while looking into them and doing some further research. Each example is exploring a very unique area of blockchain technology, yet together, all these projects are working together to bring blockchain technology to the mainstream. They are doing great things for themselves, their investors and the entire blockchain adoption movement.

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Source: Crypto Daily

Billions Wiped Out Of Market In Just Days

Since the 7th November, the global crypto market has lost around $6 billion of its valuation as it dropped from $220 billion to $214 billion where Bitcoin seemed to stay relatively stable.
The day before this started, November 6th, some of the biggest currencies including Ripple, Ethereum, Bitcoin Cash, Cardano and Stellar were seeing some big gains of up to thirty percent with Bitcoin Cash skyrocketing 40 percent within just a two-day span.
After demonstrating a significant increase in value, most of the major cryptocurrencies retraced which were expected amongst the majority of digital currency traders in the community.
With the drop of Bitcoin Cash and other smaller market cap tokens to spark the fire, the cryptocurrency market recorded a dip of just under three percent in its valuation. However, on a monthly basis, the market rose by more than $16 billion since the middle of October from $198 billion to $214 billion.
Since the 15th October, the crypto market added $22 billion to its valuation, rising by over eleven percent. A minor correction was expected following the massive eleven jumps within a thirty-day span.
Despite a 2.7 percent drop in the valuation of the market, the number of major digital currencies still stay quite high. Earlier last month, the daily trading number of Bitcoin was hanging at about $3.2 billion.
As of today, 9th November, the trading volume of Bitcoin on a daily basis remains above the $4.5 billion region and is up by 40 percent within the past few weeks. This noticeable jump in trading activity of Bitcoin and other currencies like Ethereum is attributable to the general increase in positivity and optimism towards the mid-term growth trend end of the market.
Several traders look at Bitcoin futures market of Bakkt to act as a big catalyst for the next rally of Bitcoin, as unlike other futures trading platforms, Bakkt physically delivers Bitcoin to future contract holders. With this in mind, Institutional investors could impact the price of Bitcoin in a good way.
As reported by CCN:
“While the general sentiment towards BTC and major cryptocurrencies is positive, the recent crackdown on decentralized crypto exchange EtherDelta has led investors to be more cautious in investments in tokens.”
What are your thoughts? Let us know what you think down below in the comments!

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Source: Crypto Daily

“Alexa, Send XRP To Dad”

The XRP Tip Bot is used on Reddit, Twitter and Discord for the shole purpose of being able to send small amounts of XRP to other users and now the bot could be available on the Amazon Alexa App Store thanks to a third party developer sometime in the future.

Hey @haydentiff, hilarious video yesterday!:D
I have something new for you. I hope you guys own an Alexa at home
This will go into beta soon, so some people can try it out. But still needs some improvements first
Thanks also to @WietseWind for the support with the API pic.twitter.com/5LA6AFTckI
— nixer (@nixerFFM) November 6, 2018

Initially being created by the Twitter user, Nixer using the API from the XRP Tip Bot designed by Wietse Wind the new application will allow verbal commands to be said including being able to check balances and direct transaction initiation.
As mentioned by SludgeFeed, in a video posted to Nixer’s account, the developer simply states “Send XRP to Tiffany Hayden” who is a member of the community for XRP and the app used a voice response to determine how much to send. After Nixer sent out the amount, the app then asked for confirmation before sending the tokens and the transaction was verified by Wind directly.
Despite the app for Alexa is still in pre-beta and it would require Amazon approval to be added to the app store, this sounds promising.
Currently, there are more than 74,000 tips which have been sent through the XRP Tip Bot. This totals to over 90,000 XRP and as has been previously reported, the Tip Bot is now available in the Google Play Store and Apple Store.
XRP is currently in the red and is down by 2.58% at the time of writing. The token is also priced at $0.498.
Speaking of cryptocurrency, CoinMarketApp is holding a giveaway in which you can win up to $300 worth of either Bitcoin, Ethereum, Ethereum Classic, Litecoin or Bitcoin Cash.
What are your thoughts? Let us know what you think down in the comments below!

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Source: Crypto Daily

Amazon Teams Up With Ethereum Marketplace

Kaleido is a startup which aims to assist enterprises to implement blockchain technology and has launched a new platform in collaboration with Amazon Web Services (AWS). The startup’s marketplace will provide protocols and tools for all the components of new blockchain projects according to the founder and CEO, Steve Cerveny who said: “from the app all way to the chain.”
The network of financial institutions on the commodities platform of Komgo, includes ING, Koch Supply & Trading, Citi, MUFG Bank, Societe Generale, BNP Paribas and Shell being the current client.
Kaleido is just one of over 50 blockchain projects looked over by the blockchain technology company and incubator, ConsenSys which was launched by the co-founder of Ethereum Joe Lubin four years ago in 2014.
The startup launched in May of this year and offered specific support to blockchain to enterprises its Blockchain Business Cloud platform. Cerveny sees the startup as the next evolution of this service.
“We knew that customers struggling to adopt blockchain needed more help than just the chain. We knew that they needed more advanced components [that were] easily deployed and pre-integrated.”
The marketplace is full of stack offerings which are intended to make it easier for businesses to integrate blockchain solutions quickly by helping manage not only the blockchain itself but the surrounding protocols and structure. With this, businesses can focus more on their operations and less on the complicated differences of the underlying technology in blockchain networks.
In a statement, Komgos CEO Souleima Baddi said:
“By building on an open blockchain system, Komgo can select from the best protocols in development across the ecosystem and use existing building blocks for an optimized solution.”
One partner of Kaleido is AWS which has been with them since the launch of the platform earlier in the year. The startup worked with Amazon’s blockchain team to develop integrate AWS in the system so that it would work for enterprise blockchain customers. Amazon is one of the biggest businesses looking into the industry but it isn’t alone. IBM, HSBC, Maersk, Deloitte and SAP have all been involved in enterprise blockchain projects.
Through the Kaleido marketplace, businesses have access to AWS services like private networking and data backup, other common blockchain services like HD wallets and industrial products like Chainlink, Viant and OpenLaw.
What are your thoughts? Let us know what you think down below in the comments!

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Source: Crypto Daily

Multinational Bank Sees Positive Future For BTC

The multinational investment bank and financial services company, Morgan Stanley has published their latest report which was released on 31st October. The report contains an overview of the evolution of Bitcoin and how its investment purpose has changed throughout the years but the report has a bullish sentiment to it in comparison the outlook for 2017. Also in the report is a few drawbacks of the crypto including a lack of regulations and energy.
To start with, the banking giant has recently begun to offer trading derivatives that are tied to Bitcoin. The company started offering Bitcoin swap trading tied to future contracts. Earlier in the year, James Gorman (CEO) said that a trading desk specialising in derivatives tied to virtual assets could be a potential service offered to clients.
As said by Crypto Ticker, Morgan Stanley was reported comparing Bitcoin to Nasdaq to clients, even though it moves almost fifteen times quicker. The bank also predicted that in the future, financial markets would start to increase their adoption for crypto over the years saying:
“Over the coming years, we think that the market focus could turn increasingly toward cross trades between cryptocurrencies/tokens, which would transact via distributed ledgers only and not via the banking system.”
Trend of stablecoins
The stablecoin trend began in the late months of last year with multiple giants in the industry launching stablecoins of their own experiencing a burst during the summer. Stablecoins are digital currencies which the whole purpose is to minimise the minimise the volatility of price fluctuation and they are usually backed by either fiat currencies like, gold, commodities and the US dollar or other digital assets.
In the report, it also mentioned how the introduction of stablecoins in the crypto market resulted in Bitcoin trading volumes taking a proportional hit despite Bitcoin making up over 50 percent of total market valuation. Experts believe that this added the subsequent fall in prices that resulted in the current bear market.
The highlight
The highlight of the report is when it calls crypto’s “rapidly morphing thesis”. Tracing Bitcoin’s evolution from different roles of virtual cash, a new fundraising mechanism, a method for the store of value to its current form of a new institutional investment class
What are your thoughts? Where do you see Bitcoin going in the future? Let us know what you think down below in the comments!

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Source: Crypto Daily