China’s Cryptocurrency Rankings | EOS Comes Out on Top

EOS still maintains the top spot in China’s cryptocurrency rankings list. The superpower updated its list last week, proving that EOS is still the favorite. Bitcoin has climbed up three places and now sits in 12th position. Considering Bitcoin is up 10% to press time and approaching the $9k mark, its a wonder why it hasn’t ranked higher on the list. Well here’s why: China’s Cryptocurrency Rankings The rankings list assesses three criteria: technology, application, and innovation. The top five were as follows: EOS, TRON, ETHEREUM, STEEM, and ONTOLOGY. Despite…

Gram dApp Devs Reveal Details of Telegram’s Secretive Blockchain

By CCN: Button Wallet is slated to be one of the first decentralized applications to launch on Telegram’s new blockchain, Telegram Open Network (TON). The secretive project recently opened to beta development, and Button published a blog post detailing how it works currently. https://t.co/6ATLfLAKq5 @telegram #ton #blockchain — BUTTON Wallet (@ButtonWallet) May 26, 2019 Telegram Developers Are “Really Good” The blog post, in part, compliments the TON development team: “Right now [the] developing experience is a bit challenging and unfriendly. Lite client is written on C++ and looks like it’s…

The Bank-Backed Japanese Exchange With Big Plans

Japan has been a land of firsts when it comes to crypto, even if “Satoshi Nakamoto” isn’t really Japanese. It’s the country where Mt. Gox — the first major crypto exchange — was based, as well as the first nation to accept bitcoin as legal tender. And last July, it became the first country to host a bank-owned cryptocurrency exchange, when financial services giant SBI Holdings launched the SBI Virtual Currencies (SBIVC) platform. At the time of its launch, SBIVC — called VCTRADE at the time — enabled trades in only XRP, bitcoin…

Bitcoin Hits Highest Price Point in Over a Year, Pushing Toward $9,000

Monday, May 27 —  following a mild correction yesterday, the crypto markets have seen strong positive momentum today, with bitcoin (BTC) soaring to its highest price point in over a year. Virtually all of the top 50 cryptocurrencies are seeing solid green, as Coin360 data shows. Market visualization courtesy of Coin360 Bitcoin has reported over 9% in growth on the day and is trading at $8,727 by press time. Having briefly dipped below $8,000 yesterday, May 26, the top coin saw a sharp rally kick in towards the evening. Bitcoin…

Telegram’s TON Testnet Blockchain Light Client Uploaded to GitHub

A GitHub user seeming uploaded the first version of the Telegram Open Network (TON) blockchain light client on May 25. Per the readme information file on GitHub, the client — if configured properly — connects to a full node for the TON blockchain testnet and sends some queries to it. The apparent existence of a testnet is in line with reports released in April, according to which Telegram opened access to a testing version of the TON Blockchain to a limited number of global developers, including Russian development teams. The document…

App Offering Free Bitcoin and Ether to Users Is a Scam, Malware Hunter Warns

An app that claims to give users the chance to earn $45 a day in free bitcoin (BTC) is a scam, according to a tweet by an “independent malware hunter” posted on May 20. The software, known as Bitcoin Collector, is advertised on a website that supposedly enables users to share a unique URL with their friends with payouts of 3 ether (ETH) (worth about $800 at press time) for every 1,000 people who click on it. But according to a security researcher who goes by the nickname Frost on Twitter, the app is a…

Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform

Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27. Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans online and get their credits without face-to-face interaction. According to the report, the new system is the first initiative of its kind introduced in South Korea. Specifically, Shinhan Bank’s new lending system applies blockchain technology in the verification and confirmation…

Big Four Auditor EY Provides Blockchain Solution for New Wine Traceability Platform

Big Four audit firm Ernst & Young (EY) is providing its proprietary blockchain solution for a major new platform that helps consumers across Asia determine the quality, provenance and authenticity of imported European wines. The news was revealed in an official EY press release on May 23. The e-commerce platform, dubbed Tattoo, has been developed for Blockchain Wine Pte. Ltd. using EY’s OpsChain blockchain solution, which launched in fall 2018. As reported, the solution is EY’s flagship blockchain product, enabling secure and private transactions to take place on the Ethereum…

Bitcoin Hits All-Time High Versus Argentine Peso Amid Presidential Election Risks

The biggest cryptocurrency, bitcoin (BTC), has hit an all-time high versus the Argentine peso amid the ongoing decline of the currency, Financial Times (FT) reports on May 27. According to the report, the bitcoin price has soared to as high as 394,000 pesos ($8,762.95 at press time) per coin, exceeding prices versus the Argentine peso not seen since the bubble in late 2017. Bitcoin price against Argentine peso since 2017. Source: BitcoinAverage The new all-time high of bitcoin versus the peso takes place amid a crypto bull market this year,…

Bitcoin Has Obliterated the Top Dow, Nasdaq, & S&P 500 Stocks in 2019

By CCN: Gaining an eye-popping 135%, bitcoin has smoked even the most impressive U.S. stocks this year. Even if you take the top performers from the Dow Jones Industrial Average, S&P 500, and Nasdaq – which are Cisco Systems (CSCO), Xerox (XRX), and Beyond Meat (BYND), respectively – they can’t touch BTC/USD for returns. Here are the charts to prove it. Dow’s Best Stock Can’t Touch Bitcoin in 2019 Dow’s Best vs. Bitcoin | Source: Yahoo Finance Cisco Systems has benefitted from a restructuring spearheaded by CEO Chuck Robbins and…