Crypto World Cup Day 18! The Final 16 Fight

Welcome to Crypto World Cup Day 18!

We are down to the final 16 and this round gives no second chances; if you lose your first match you are out. 

To arrive at the second round required tenacity and teamwork, it was a battle of the best and brightest but only the strongest have made it through. 

Today’s two games were Vitalik Buterin v Charles Hoskinson and John McAfee v Brad Garlinghouse

Match 1: Vitalik Buterin 3-4 Charles Hoskinson

What a game. This is knock-out stages of the ...

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Less than 4% of Crypto Coins are Successful

Today has not been the best day for cryptocurrencies everywhere. With Bitcoin declining below the critical $6K level, it marks the furthest drop in the coin since November.

Declining as much as 4.2 percent on Friday, it is currently trading around the $5,900 mark; this is whopping 59 percent decline from its highs at the beginning of this year.

Coins Hit Zero

As with many things, where leaders go the rest will follow and the cryptocurrency market seems to be reflective of that adage. For example, today also saw Ethereum and Bitcoin Cash fall ...

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Charles Hoskinson (Cardano) Suggests that Tron (TRX) Should Switch to Mantis

Charles Hoskinson suggests Mantis: Last week, Tron (TRX) was heavily criticized as developers outside of the project discovered that most of the code on Tron’s platform had been taken from Ethereum’s EthereumJ library.

Tron celebrated its ‘Independence Day’ from Ethereum on the 25th, but ironically it wasn’t independent from the project at all. While the ERC20 TRX token was made irrelevant by being switched over to the Tron main net, the project still has a large chunk of codebase taken directly from Ethereum.

One Twitter commented on the copied code and said:

...

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Block.one Proposes EOS Constitution v2.0: No More Account Freezes?

Block.one released its proposal of a new version of the EOS constitution: the EOS Constitution v2.0. EOS has been under fire recently for its block producers freezing user accounts without the account owner’s permission. Does the new constitution address this issue?

EOS Constitution v2.0: What’s in It?

One of the first things to catch my eye was the (semi) address to the issue of freezing EOS accounts. Essentially, the constitution says, Stop, don’t do that, unless…:

“Block producers shall not freeze or modify contracts that are operating as intended.”

“Operating as intended” ...

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Binance Crypto Exchange Launches in Uganda

Binance Uganda: The world’s most active cryptocurrency exchange by trade volume, Binance, just announced that it would be opening its first exchange in Uganda.

Official Launch of #Binance Uganda Fiat-Crypto Exchangehttps://t.co/Od3NsL3rtm pic.twitter.com/3wCOdT5q62

— Binance (@binance) June 28, 2018

According to the statement made on the company’s website, Binance told its users that it would be starting a fiat-crypto trading pair with the Uganda Shilling.

The statement reads:

“Binance is excited to announce our first fiat crypto exchange – Binance Uganda! Registrations for Binance Uganda will open from today, ...

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Crypto World Cup: Who’s Out and Who’s Advanced to the Knockout Stages?

It’s here – the moment everyone has been waiting for has arrived!

Group stages of the Crypto World Cup are over, which means we’re moving onto the best part of the tournament: the knockout stages.

No more weak crypto players or unfair matches (though there will be a few: looking at you Andreas Antonopoulos vs. Satoshi Nakamoto). At this point in the Crypto World Cup, we have the best of the best playing against each other. You can count on these games being fast-paced and well-played.

Before we look at the Crypto ...

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Bitcoin (BTC) Price Drops Below $6,000; Ethereum (ETH) Close to Dropping Below $400

Bitcoin (BTC) has just hit its year-low this morning, as its price has just dipped below the $6,000 mark and Ethereum (ETH) is closely skimming the $400 mark.

Bitcoin (BTC) Price

As per CoinMarketCap, the Bitcoin-US dollar (BTC/USD) exchange rate plummeted to a 2018-low of $5,835.75 at 0:09:00 UTC. At press time, the cryptocurrency is changing hands at $$5,873.86 and is down -3.43% percent in 24 hours. BTC’s price is down -6.59% this week and -21.49%, for the month.

Ethereum (ETH) Price

As per CoinMarketCap, the Ethereum-US dollar (ETH/USD) exchange rate dropped to a ...

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$14 million worth of BTC, ETH, BCH, and XRP Stolen from Bithumb Hack

Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH).

The original translated tweet read:

“[Urgent notice] to stop the front of the withdrawal service password please stop the money transfer. Today, about 35 billion in the morning, the size of the password was stolen. Your assets ...

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Kotak Mahindra Joins RippleNet: Another Bank Using xCurrent

Kotak Mahindra joins RippleNet: Yes, it’s true: another financial institution has joined the RippleNet. This is yet another example of how Ripple is working towards solving real-world problems.

On Wednesday, Kotak Mahindra, an Indian bank, posted a press release, in which it stated that it has entered into a collaboration with Ripple.

Specifically, Kotak Mahindra will both be joining RippleNet and using xCurrent for issues associated with cross-border remittances.

Kotak Mahindra Joins RippleNet: What We Know

In the press release, Kotak Mahindra disclosed that it will be using Ripple’s xCurrent in order ...

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Ontology (ONT) Prepares for Main Net Launch: All Systems Go

Ontology main net launch: Ontology (ONT), the 19th largest cryptocurrency by market cap, is just three days away from its main net launch.

3 days till MainNet! If you’re making a Triones seed node application, do so ASAP. For those who have applied but have not yet been chosen, quickly deposit your stake. HZF Web, ASOS, Lixar will need to raise their stake to be chosen. Read more/apply: https://t.co/W1n134nE0X $ONT pic.twitter.com/dbXxl1mVP1

— Ontology (@OntologyNetwork) June 27, 2018

The Shanghai-based project has been slowly climbing the charts the past few months, as it ...

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Stellar (XLM) & Monero (XMR) Update – Partnerships & Struggles

Stellar (XLM) & Monero (XMR) – The cryptocurrency market has yet to fully recover after the drop it took this past weekend.

News broke on Friday that Japan will be tightening its cryptocurrency regulations and panic selling occurred dropping the entire market to a 2018 year-low of just over $235 billion. Currently, Bitcoin (BTC) is trading just above $6,000, and Ethereum (ETH) is hovering around the $425 mark.

Let’s a take a look at two popular altcoins and their latest updates.

>> Japan Crypto Taxation

Stellar (XLM)

Stellar has flown ...

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Robinhood Crypto: Is the Trading App Making a Crypto Wallet?

Robinhood Crypto: Rumors are circulating the crypto industry this Tuesday morning. Normally, we see rumors of exchanges adding certain cryptocurrencies – but today, things are a little different.

Robinhood Crypto: Looking for Crypto Engineers – Why?

The week has only just kicked off, and yet, we’re already seeing speculation regarding the future of Robinhood, a stock and crypto trading app.

On June 26th, Robinhood posted a job advertisement. Specifically, Robinhood announced that it is actively seeking multi-skilled crypto engineers. But why?

The advertisement makes a reference to the creation of a crypto ...

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Binance Trading Resumes – Crypto Exchange Shares New Binance Info App

Binance – This morning, the world’s fourth-largest cryptocurrency trading platform, Binance underwent a system upgrade that temporarily halted all trades.

#Binance has commenced the scheduled system upgrade. The upgrade will take approximately 4 hours.
Withdrawals and trading will be suspended during this period.
We apologize for any inconvenience caused and thank you for your patience. pic.twitter.com/Q7pCfQLkDY

— Binance (@binance) June 26, 2018

Trading was supposed to only last four hours, but with complications, ended up resulting in ten hours of downtime.

Data migration will take a little longer ...

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Cardano (ADA) & Tron (TRX) – Copied Code & Project Progress

Cardano (ADA) & Tron (TRX) – The cryptocurrency market is slowly beginning to rebound after taking a hit this past weekend.

Source: CoinMarketCap

On Friday, Japan’s FSA announced a cryptocurrency crackdown that caused Bitcoin (BTC) and Ethereum (ETH) to plummet nearly 10%. With the sharp drop, most of the market followed suit – but has since gained some of its strength back.

Let’s take a closer look at two coins in the top ten and their latest project updates.

Cardano (ADA)

Cardano’s progress is moving right along. The ...

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Bitcoin (BTC) Not Among China’s Top Ten Blockchains

A new Bitcoin ranking has been released, and the BTC position might surprise you. Don’t worry, it’s overall placement is still number one by market cap, but China released a new listing of its top blockchains and Bitcoin didn’t fare so well. Spoiler alert – Bitcoin didn’t even make the top ten.

Bitcoin Ranking By China

The China Electronic Information Industry Development (CCID) body initially released its blockchain rankings list in May. On the original list, Bitcoin (BTC) hadn’t made it into the top ten either, but it was close, coming in at lucky number 13 ...

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Huobi HBUS Signs Senior Meitu Exec Frank Fu as CEO for US Exchange

Frank Fu, a top representative from China’s top photo-retouching app, will now lead the Huobi U.S. (HBUS) team. Fu held many executive positions at Meitu Global but was most recently managing director of Meitu Global and international investment.

The Meitu executive will be joining HBUS as its new CEO and will manage the day-to-day operations of the platform’s technology development moving forward.

“I am incredibly excited about this new role that enables me to lead the expansion of HBUS in the U.S. market,” Fu told the press in an interview.

>> Huobi ...

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Jack Ma: Bitcoin Bubble is Real and Blockchain is the Future

Jack Ma Bitcoin Bubble: Yet another well-known figure has come forward to express his thoughts on the cryptocurrency sector. The figure, who is Jack Ma, spoke specifically of Bitcoin (BTC) — and his thoughts weren’t exactly in favor of the cryptocurrency.

Jack Ma Bitcoin Bubble: True or False?

On Monday, Jack Ma, a Chinese billionaire and the founder of Alibaba Group Holding, spoke at an event held by Ant Financial Services Group, a financial affiliate of Alibaba Group Holding.

During his presentation, Jack Ma spoke of both cryptocurrency and blockchain. While he praised the ...

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