China to Release Its Own Cryptocurrency Soon

Cryptocurrency may have been completely unknown for most people around half a decade ago, and most of the banks in the world did not even take it seriously. However, things have changed dramatically over the past few years, and many banks are now considering the possibility of launching their own digital currencies. Facebook (NASDAQ:FB) announced its own cryptocurrency last month, while American banking giant J. P. Morgan (NYSE:JPM) has come up with its own as well, and in a new development, it has emerged that the Chinese central bank is close to…

Blockstack Joins Lambda School for New Platform to Teach App Coding

Privacy-centric computing network and app ecosystem Blockstack has announced a partnership with Lambda School. Students enrolled in the program can reportedly now learn how to code Blockstack apps and earn monthly revenue through its App Mining Program. Gain the skills to pay the bills According to a press release shared with Cointelegraph on August 12, Lambda is a skills-based online school with a curriculum designed around the requirements of employers. This reportedly ensures that graduates master all the skills required to succeed. In addition, it offers tuition at no cost…

Development ‘On the Chain’ to Promote Off-Chain Blockchain Adoption?

In the last decade, blockchain and distributed ledger technology has had an immense impact on a multitude of industries, with 84% of organizations experimenting with the technology, with more than half (52%) of blockchain projects in the research and development phase, according to the PwC Global Blockchain Survey.  The industries making important strides forward with blockchain include financial services, manufacturing, energy and utilities, health care, as well as government sectors, but the potential of the technology is limitless. Ultimately, any business that is looking to simplify the processing method of…

Bitcoin Still up on the Week After Failing to Hold $11,000

Tuesday, Aug. 13 — Bitcoin (BTC) falls under the $11,000 mark again as most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time. Market visualization courtesy of Coin360 Bitcoin’s price is currently down by 3.12% on the day, trading at around $11,019, according to Coin360. Looking at its weekly chart, the coin is up by about 6.55%. Still, multiple sources — including Cointelegraph’s market information tools — report that Bitcoin’s price is currently under $11,000. Furthermore, according to cryptocurrency information platform CoinMarketCap, Bitcoin is…

Bitcoin Price Craters Below $11,000 as Trump Stuns Market

The bitcoin price careened below $11,000 after the Trump administration stunned the market by delaying new tariffs on China. | Source: REUTERS/Leah Millis/Shutterstock; Edited by CCN The bitcoin price slid below the $11,000 mark for the first time in more than a week on Tuesday, as the flagship cryptocurrency’s burgeoning inverse correlation with the S&P 500 came back to bite investors. Bitcoin Price Careens Below $11,000 Bitcoin had entered the day trading sideways in the low $11,000s, where it had more or less languished since the Saturday sell-off that followed…

Poloniex Will Reimburse $13.5 Million Loss From Clams Flash Crash

Cryptocurrency exchange, Poloniex, has announced a scheme to reimburse users affected by a flash crash in May, which led to total losses of around 1,800 Bitcoin (BTC). In an Aug. 13 blog post, the company pledged to repay daily trading fees (in BTC) to impacted lenders until their losses are fully recovered. Payments will begin later in August and the first credit will include all trading fees incurred since the generalized losses were first recognized on June 6, 2019. Margin trading multiplies effects of flash crash Poloniex has a peer-to-peer…

UK Crypto Regulation Is Changing, Recognition Looming at Long Last

The United Kingdom has long been a financial mecca. Ever since the Big Bang and the arrival of Thatcherism in the ‘80s, Britain has cultivated a finance-friendly environment revolving around the city of London, with deregulation inviting a wave of foreign investment and trading activity. However, while it has even been suggested that London will overtake San Francisco as the fintech unicorn capital of the world, the U.K. has been less welcoming of crypto than it has of traditional finance. As industry bodies like CryptoUK as well as other commentators have…

This Crypto Is Worth Less Than 1 Cent. VCs Are Betting Millions on Its Future

Not all token sales led to quick failures or cash grabs. Some were part of a broader, albeit ambitious, business strategy. The blockchain startup Patientory, which makes a consumer health app and offers enterprise data management services to hospitals and clinics, just closed a $5.2 million Series A led by R/GA Ventures. This comes as the startup’s first funding round since it split off from the Patientory Association, a nonprofit created after the May 2017 initial coin offering (ICO) of ethereum-based PTOY tokens raised $7.2 million. “With the token, it…

American Boxing Legend Mike Tyson Chooses Blockchain for New Venture

Iconic American boxer Mike Tyson is spearheading a new blockchain-powered cross-entertainment platform for a new generation of fighters. On Aug. 13, VentureBeat reported that the new venture — dubbed “Fight to Fame” — will use blockchain technology to underpin a new, multi-pronged platform that aims to catapult aspiring fighters to success via social media, reality TV, film, games, live matches and betting.  “Wealth generation from the masses” While Tyson will serve as the founder and chairman of the sports and competition committee for Fight to Fame, the project also counts…

Bitcoin’s Bulls Now Have a Target of $13.2K, Monthly Chart Suggests

View Bitcoin charted an “inside bar” pattern last month, making $13,200 the level to beat for the bulls. A convincing move above $13,200 would imply a resumption of the rally from lows near $4,050 seen in April. A break below $9,049 (July’s low) would confirm a bearish inside bar reversal on the monthly chart. The hourly chart indicates prices could drop below $11,000 in the next 24 hours or so. The bearish case would weaken if lower-highs pattern on the hourly chart is invalidated with a move above $11,431. Bitcoin…