71+ Million User Volunteer Platform to Launch Blockchain-Based DApp

Chinese non-profit Zhiyuan Hui — reportedly the world’s largest volunteer service platform — has announced its partnership with token economy infrastructure firm EveriToken. The news was announced Jan. 12 in an official EveriToken blog post. As of December 2018, Zhiyuan Hui reportedly serves over 430,000 non-profits, and its 71 million users are reported to have worked over 100 million service hours via its platform. According to the blog post, the United Nations-issued China Volunteer Service Economic Value Measurement Report has valued the platform at over $500 million. In order to…

Bitcoin Price Analysis: $3,800 is Definitive for BTC

Bitcoin Price drop 4.1 percent in the last day Wyoming could be the blockchain and crypto center in the US Participation levels low, prices may consolidate in days ahead. Despite bullish fundamentals, BTC continues to cede ground against the USD. At spot rates, prices are steady and trending within our support zone. Unless otherwise there are sharp gains above $3,800, sellers may snap back to trend. Bitcoin Price Analysis Fundamentals Wyoming may be the center of crypto attention thanks to their openness and embrace of new technology, but the real…

Swiss Bank Falcon Launches Crypto Wallet With Withdrawals to Fiat

Switzerland-based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies, according to an official press release published on Jan. 21. The bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution’s own “segregated Falcon wallets,” as well as convert crypto into fiat money. To start, Falcon reportedly only supports four major cryptocurrencies, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC), the press release notes. With the recent move, Falcon claims its…

Why Crypto is En Route to the Longest Bear Market in History

Image: Shutterstock By CCN.com: The crypto market is en route to experiencing the longest bear market in its 10-year history. As Ran Neuner, the host of CNBC’s Crypto Trader said, if the latest bear market lasts for another month, it will surpass the 420-day correction the crypto market experienced from 2014 to 2015. “If this bear market continues for another month it will be the longest bear market in Crypto history; 2014/15 – 420 days. 2018/19 -390 days,” said Neuner. What is Triggering the Crypto Bear Market to Extend Across…

Bitcoin Must Depart From Proof-of-Work

Bitcoin’s (BTC) problems are only solvable by departing from a proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on Jan. 21. According to the paper, when in the future Bitcoin’s block rewards fall to zero — given that only a limited number of new Bitcoin will ever be created — transaction fees alone will not be able to sustain mining expenses. The argument implies that the Bitcoin network would become so slow that it would be virtually unusable, stating: “Simple calculations suggest that once…

TRON Records 2x Increase in Price Since November, What Caused it?

Tron has become an exception in a long-running bear market of cryptocurrencies. The decentralized blockchain protocol experienced a twofold surge in the value of its native token TRX. Between November 20, 2018, and January 18, 2018, the TRX/USD pair rose from 0.0132 to 0.0249, according to CoinMarketCap.com. In the same timeframe, the Bitcoin price dropped 18.37%, from $4474.58 to $3,652.50 while TRX’s closest competitors Ether and EOS experienced 18.39% and 33.42% worth of losses in US Dollars, respectively. Source: CoinMarketCap.com The surge assisted TRX to maintain its position among the…

Swiss ‘Smart Card’ Crypto Wallet Tangem Gets $15 Million From Japan’s SBI Group

Switzerland-based Cryptocurrency ‘smart card’ wallet manufacturer Tangem has secured $15 million in funding from Japanese finance giant SBI Group, the company confirmed in a press release Jan. 21. Tangem, which began issuing its first wallets in June 2018, aims to increase cryptocurrency adoption by making assets spendable in a manner similar to conventional smart cards often used in transport and loyalty settings. Ticketing and loyalty will now form two of the target industries Tangem hopes to leverage to spread crypto smart cards, according to Tangem’s press release. The company also…

Centralized Exchanges Still Overwhelmingly Dominate Market, New Report Shows

Despite a significant uptick in the creation of decentralized crypto exchanges (DEX) in 2018, their centralized counterparts continue to control the lion’s share of global industry trade volumes. The finding was reported in the 2018 Cryptocurrency Exchange Annual Report from crypto and blockchain research organization TokenInsight, shared with Cointelegraph Jan. 21. TokenInsight’s report, which has reportedly analyzed data from over 400 global crypto exchanges, indicates that DEX account for just 19 percent of the global exchange ecosystem. Further, the trading volumes on DEX amount to less than 1 percent of…

Coinbase Hires New Compliance Chief for UK Operations

U.S.-based cryptocurrency exchange Coinbase has hired a new U.K. head of compliance with three decades of experience in the industry. The new hire, Mark Kelly, joins the prominent crypto startup after almost five years as a director at London-based regulatory reporting firm Abide Financial. According to his LinkedIn profile, Kelly joined the exchange this month. While at Abide, Kelly advised clients on regulatory compliance areas such as anti-money laundering rules, the EU’s Markets in Financial Instruments Directive and the European Market Infrastructure Regulation. In total, he comes with over 30 years of experience…

Startup to Clamp Down on Illicit Activities and Welcome Consumers

For the everyday consumer, cryptocurrencies and blockchain are still shrouded in mystery. User interfaces that are difficult to understand represent a major barrier to entry, with slow transaction speeds frustrating open-minded people who are trying to use the technology for the first time. An upcoming blockchain network says change is desperately needed if crypto is ever going to reach its full potential and enjoy mass adoption. The World Open Network (WON) plans to offer products and services that are centered on users — with intuitive front-end systems that can be easily…