Decentralized Communication Startup New Vector Raises $8.5M

London-based decentralized communication startup New Vector has raised $8.5 million to drive adoption for Matrix, a major alternative messaging protocol. Slack rival Riot.IM The Matrix protocol, which enables secure communication via end-to-end encrypted messaging applications such as Riot.IM, an alternative to WhatsApp, Telegram or Slack, will continue scaling and growing its network with the newly raised funds, New Vector announced on Oct. 10. Investors of the New Vector’s Series A funding round included London-based European seed fund Firstminute Capital, cloud computing and Software as a service (SaaS)-focused Notion Capital and…

Top-20 Coins Experience Downward Trend, BTC Sticks Near $8,600

Thursday, Oct. 10 — Following an impressive rally yesterday, major crypto markets have slowed to trade in the red over the past day. Bitcoin (BTC) has stuck to $8,600, while other major coins are experiencing a downward trend. Cryptocurrency market daily overview. Source: Coin360 After jumping from an intraday low of around $8,200 up to nearly $8,600 yesterday, Bitcoin has been hovering around that price mark over the past 24 hours, posting a daily high of $8,677 and low of $8,466. At press time, the leading coin is trading at…

Devcon Shows Ethereum’s ‘World Computer’ Is a Movement, Not a Product

If there’s anywhere in the world where it feels right to believe in magic, it’s Devcon 5 in Osaka, Japan. The ethereum community faces a daunting task: scale its blockchain ecosystem to securely support the growing demand for mainstream use cases. Thousands of technologists and passionate fans gathered at Devcon this week to grapple with the nitty-gritty, in a venue marked by rainbow signage. Among them sat 16-year-old Shawki Sukkar, a self-taught developer from Aleppo, Syria. “I’m searching wherever I find an opportunity to learn,” Sukkar, one of the 50…

Can the Crypto Industry Adapt to the Travel Rule?

Regulators are clamping down on cryptocurrency, and companies around the world are feeling the strain. In late June, one of the most authoritative regulatory organizations worldwide, the Financial Action Task Force (FATF), issued new guidelines on how digital assets should be regulated.  While FATF recommendations are not legally binding, the G-20 stated that it uses them to regulate cryptocurrencies for Anti-Money Laundering (AML). For businesses that fail to make the grade, this could mean being shut out of lucrative international markets. No punitive measures have yet been imposed, but companies…

Bank of America Hints It Has Hired a Dedicated Ripple Specialist

The United States’ second-largest bank appears to have hired a specialist for an implementation of blockchain-based payment network Ripple. Bank seeks Ripple team lead According to a job description on professional social network LinkedIn, as of Oct. 10, Bank of America (BoA) had stopped accepting applications for what it calls a “treasury product manager” for Ripple. “This role leads the product management team for the Ripple Project, a decentralized ledger technology based solution to cross border payments marketed to GTS clients,” the job description reads, continuing: “The incumbent will be responsible…

Coinbase Pro Releases iOS Mobile App, Promising Usability and Mobility

Major American cryptocurrency exchange Coinbase has launched a mobile app for its professional trading platform Coinbase Pro.  Coinbase introduced the app in an Oct. 10 announcement. It provides access to more than 50 trading pairs for users in over 100 countries, and generally duplicates the platform’s features including real-time candles, depth charts, order books and types. Coinbase Pro’s mobile app users will pay the same fees for orders as those executed on the desktop platform. Although the Coinbase Pro mobile app is currently only available for iOS users, an app for Android…

5,200 Tobacco Shops in France Now Selling Bitcoin

French crypto startup Keplerk has relaunched its service to accept Bitcoin (BTC) payments in over 5,200 tobacco shops in France starting from Oct. 10. Service first launched in January After suspending the service in less than two months after launch in January, Keplerk says that its customers will be able to buy Bitcoin from tobacconists in coupons of 50, 100 or 250 euros, France’s top news channel BFM TV reports Oct. 10. According to the report, Bitcoin payments in all 5,200 locations will be feasible through Keplerk’s partner Bimedia, which…

Cryptocurrency Exchange OKEx Korea Delists XMR, DASH, ZEC, ZEN, SBTC

Cryptocurrency exchange OKEx Korea announced the end of Monero (XMR), DASH, Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) trading as of today, Oct. 10. Per the Oct. 2 announcement, the assets have been delisted today. A previous version of the announcement was published on Sept. 10. That being said, since then the support for privacy coins ZEC and DASH has been defined as temporarily suspended due to regulatory concerns. Regulatory concerns over privacy coins More precisely, OKEx Korea reports having received a request to end the transaction support and…

CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity

CFTC Chairman Heath Tarbert has said ether, the world’s second-largest cryptocurrency by market capitalization, is a commodity. Speaking at the Yahoo! Finance All Markets Summit Thursday, Tarbert said he believes ether is not a security. “We’ve been very clear on bitcoin: bitcoin is a commodity. We haven’t said anything about ether – until now,” Tarbert said. “It is my view as chairman of the CFTC that ether is a commodity.” Tarbert continued to say the CFTC is working with the SEC on the two cryptocurrencies and have agreed both are…

New Coinbase Pro Mobile App Caters to Crypto Power Users

Coinbase is building a new mobile app for clients of its professional trading platform. The U.S.-based crypto exchange announced the new product Thursday, claiming the app would provide Coinbase Pro customers with a more efficient mobile trading experience Mobile trading has been one of the most-requested products from the company, Coinbase said in a blog post. Right now the app is only available on the Apple app store, though there are plans to bring it to Android. “Until now, our customers have had to make a choice: usability or mobility,”…