Gatecoin Cryptocurrency Exchange Calls It Quits After Six Years. Gatecoin, a Hong Kong-based cryptocurrency exchanged founded in 2013 by Aurelien Menant, a former investment banking expert, has announced it is now bankrupt and would end operations with immediate effect, according to a statement by the firm on March 14, 2019. End Of The Road For Gatecoin Gatecoin exchange, one of the earliest and most influential cryptocurrency trading venue and exchanges has announced it can no longer continue servicing its clients due to a prolonged issue with their banking partners. It’s worth noting that the exchange has passed through many challenges in recent years. In May 2016, Gatecoin cryptocurrency exchange suffered a massive heist that saw it lose 185,000 ether (ETH) and 250 bitcoin (BTC) valued at $2 million at the time, but during the crypto moon shot of 2017, the ether tokens alone were reportedly worth more than $203 million. Reportedly, Gatecoin was one of the first regulated crypto
JPMorgan Chase, an American financial holding company, plans to add a money transfer function to its blockchain project Interbank Information Network
A Ripple-backed startup says it’s working to acquire a series of licenses to boost the XRP ecosystem and bring crypto to the mainstream. The founder of XRPL Labs, Wietse Wind, says the company plans to obtain a fiat-to-crypto license, a crypto custody license and a European banking license in a push to bridge the gap …
India has a number of laws that currently apply to cryptocurrency. A new Cambridge University report explains some of these laws. News.Bitcoin.com talked to one of the authors of the report to uncover more details. Meanwhile, the Indian government is currently finalizing regulations specific to cryptoassets.
On the price front, XRP/USD is seeing 24-hours greens of 2 percent as it trades at $0.3269. The increase in price was accompanied by an increase in trading volume to $4.3 billion while an average daily trading volume for XRP doesn’t go much beyond $1 billion. The highest volume has been registered at Bitfinex which also processes the biggest share of XRP transactions. Source: TradingView At one point the price went above $0.33 level but couldn’t hold the ground and went back to $0.32 level. Meanwhile, till date in 2019, XRP is in the red by more than 6 percent. A Boost to XRP Adoption Just around the weekend, we reported the official launch of XRPayments app on the iOS app store and Google Play. Designed by Ripple-backed startup XRPL Labs, the app with an in-built currency converter allows the payments to be made directly from the ledger or through XRPTip Bot. “Right on time! Our XRPayments app was just accepted by Google and Apple. You can get the app now from the Apple iOS or Google
According to documents that were published by the U.S. Patent and Trademark Office (USPTO) a few days ago, show that the cybersecurity company Forcepoint has been awarded a blockchain-related patent. The firm is owned by the U.S. defense contractor Raytheon. Forcepoint Granted Blockchain Patent According to the private equity firm Vista Equity Partners and Crunchbase, the firm has a yearly revenue of $600 million. According to a recent report released by Cointelegraph, the system in the patent seems to be a complex user behavior monitoring and management system. With this system, it would be possible to store data about user interactions and use the data to identify different user actions that would provide data to enhance the system’s cybersecurity. The patent reads as follow: “In certain embodiments, the association of the additional context may be accomplished via a blockchain block within a user behaviour profile blockchain […] implemented with appropriate time stamping to allow
Understanding cryptocurrency cannot be done without first exploring the asset behind it all – Bitcoin. A new series called TO THE MOON aims to explore this industry, starting the series with “Bitcoin: The Genesis.” The two hosts, Max and Stacy, speak on what the “actual beginning” was of Bitcoin to unravel when the genesis block was ultimately mined on January 3rd, 2009. However, the series aims to challenge a little of this information. They wonder if the actual dates of mining and the release of the whitepaper are accurate like the story portrays, or if everything happened much sooner. One of the big topics of discussion is what the creator of Bitcoin, under the pseudonym Satoshi Nakamoto, really wanted. According to Jimmy Song, the goal of Satoshi was that money could be independent of an overall central authority figure, evolving into the best store of value. Amir Taaki, one of the earliest contributors to Bitcoin, appears to be featured in this episode, saying that the genesis
BTC/USD From Friday’s open when the price of Bitcoin was $5320, we have seen sideways movement for the price action as the price fell down to $5240 on the same day after which an increase to $5365 was made, only to another downfall to $5261. The price is currently sitting at $5342 and is in an upward trajectory as it found support around the $5270 on today’s low. Looking at the hourly chart we can see that the price went below the median line of the current ascending channel which was the support level from the previous ascending channel and is now hovering around the level in a lookout for support/resistance. The has been in a minor downtrend from Saturday which could have been the beginning of the higher degree downtrend that is set to lead the price for a breakout to the downside or at least for the retest of support on the lower ascending trendline. As the price is currently above the median line this might not happen but since it hasn’t made a higher high compared to the one at
NEXT BLOCK Conference Sofia 2.0, a premier blockchain event organized by Krypton Events took place in Rainbow Plaza Sofia on April 12, 2019.
Afghanistan has been decimated by decades of conflict, and it is considering turning to cryptocurrency as perhaps its only resort to rebuild .
Among the new owners is Romanian-Australian businessman Frank Timiș who also doubles up as London oil tycoon with deep pockets
Guangzhou issued a business license using blockchain and artificial intelligence technology supported by WeChat.
Bitcoin price bottom has come and gone, some of the industry’s best-known experts are now saying as sentiment changes from bearish to bullish in 2019. Bitcoin price bottom has come and gone, some of the industry’s best-known experts are now saying as sentiment changes from bearish to bullish in 2019.