Price Watch: Bitcoin is down 11% this week – The priced surged to $7,200 early on Sunday and increased to $7,300, then $7,400, even as other cryptocurrencies fell precipitously. The price then fell from $7,400 to $6,950 in less than 30 minutes on Wednesday marking a 2% price drop. The price then quickly dropped to $6,400 as the bulls panicked …
A European lawmaker believes that new regulations for initial coin offerings (ICOs) are the key to making them more “accessible” within the European Union. Ashley Fox, a Member of the European Parliament (MEP), held a meeting on Tuesday to discuss proposed regulations that would set in place new rules for ICOs and, more specifically, the people and businesses that conduct them. …
The EOS blockchain project is hoping to boost the onboarding of new users by reducing the cost of opening accounts. EOS New York, one of the network’s 21 block producers (the entities elected to verify transactions on the network), announced Thursday that 15 block producers had approved a new protocol update which reduces cost of a new account from 4 …
Binance Labs Director Benjamin Rameau has stated that Africa is front and center of the company’s expansion strategy as it bets on a vision of the 21st century driven by the world’s youngest population gaining increased access to technology and opportunities. In June, CCN reported that Binance began actualizing its African expansion strategy when it opened Uganda’s first ever Fiat-Crypto …
The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee September 7. In order to monitor threats and methods of terrorist financing, the hearing considered major means of transferring funds by terrorists, including traditional financial institutions and …
Crypto exchange Gemini founders Cameron and Tyler Winklevoss have won a patent for a cold storage method involving air-gapped computers, geographically remote vaults, plastic cards and, possibly, papyrus. Filed under the brothers’ firm Winklevoss IP, LLC, the document – published Tuesday by the U.S. Patent and Trademark Office – outlines a plan to develop a network of computers capable of generating accounts …
Often lauded as a bastion of anonymity, financial independence and personal security, ShapeShift exchange has made a controversial move in the eyes of some users by introducing KYC (know your customer) guidelines which will require their users to register their real identities to use the service. CEO Eric Vorhees published an announcement which was posted on Twitter describing ShapeShift membership …
Cryptocurrency exchange Huobi has acquired controlling stock interest in Hong Kong-based Pantronics Holdings Ltd., according to an official announcement from the Hong Kong Stock Exchange (HKEx) dated August 29. As Cointelegraph reported August 28, HKEx-listed Pantronics, an electronic products manufacturing firm, had halted trading of its shares on the Main Board of exchange on August 22, citing a “possible offer …
Belarusian diplomats are seeking South Korean investors for the country’s growing blockchain and fintech industry, Korea JoongAng Daily reported September 6. During a visit to Seoul on Tuesday, the deputy foreign minister of Belarus Andrei Dapkiunas reportedly stated that Belarus endeavors to establish relations with Korean investors interested in “fourth industrial revolution” technologies, including blockchain and artificial intelligence (AI). In …
Previously, Elliott was Managing Facebook’s Aerospace Program as the Project Lead for the Facebook Aquila (UAV) Project. Elliott brings a wealth of Engineering and Project management skills to BOLT, from his deep research skills, knowledge of the Blockchain sector, and management of the multimillion dollar aerospace contracts at Facebook, which included the eventual deployment of the Aquila aircraft, which was …
