The Japan-based Mt. Gox exchange had its bankruptcy stayed due to a petition filed by some of the creditors for the commencement of civil rehabilitation proceedings in Tokyo District Court on November 24, 2017, and heard today, June 22, 2018.
Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency exchanges like Bitflyer to make improvements to the Japanese trading platforms’ anti-money laundering practices.
Todd Gordon of tradinganalysis.com discusses his prediction for a Bitcoin drop to 4,000 before a rebound to 10,000.
Cryptocurrency–Charles Hoskinson has been one of the more fortunate, and potentially industry leading figures in cryptocurrency over the last fives years. The former consultant purchased his first BTC at under 8 USD, and started an online school for Bitcoin education in 2013, when the currency was trading for less than 100 USD. Through his connection to the digital education portal, he first met Vitalik Buterin, a relationship that led to Hosksinson becoming one of eight original founders of Ethereum (currently commanding a market capitalization of 47 billion USD).
The market is undergoing continuous decline today after the overall market cap dropped $16 billion in 24 hours.
Many cryptocurrency enthusiasts are eagerly awaiting the day when their tokens and coins of choice will fully enter into the mainstream world of business. In order for this to happen, though, one of the most important catalysts will be the large-scale adoption of cryptocurrencies as a method of payment by major businesses.
EOS, the blockchain network that has been live for just over a week, is raising eyebrows for its unconventional approach to governance – again.
The price of bitcoin fell to its lowest point since February today.
Lloyd Blankfein, the CEO of Goldman Sachs, one of the biggest investment banks in the global finance sector valued at $87 billion, has criticized skeptics that believe Bitcoin and cryptocurrency do not have a future.
According to reports a Chinese economics textbook that’s used in some of China’s leading universities states that the notorious Dr. Craig Wright is Satoshi Nakamoto, the creator of Bitcoin. The university textbook authored by Frederic Mishkin calls Wright an “Australian geek” who invented the cryptocurrency bitcoin almost ten years ago.
The Ethereum blockchain, which went live on 30 July 2015, has evolved over the years to become one of the largest blockchain ecosystems in the market. Just like Bitcoin, Ethereum operates as an open-source, distributed digital platform built by several people across the globe, offering leading-edge blockchain solutions to investors. But unlike Bitcoin, which is powered by Proof of Work protocol, Ethereum provides a more adaptable and flexible solution, running on smart contracts.
Blockchain’s latest real-life application is here: live events. The very first blockchain-powered music festival, called Our Music Festival (OMF), will be held in San Francisco on October 20.
It’s easy to hate on R3. The blockchain startup founded in 2013 to reimagine the way banks connect has raised a total of $122 million venture capital, with over 200 members.