Urban, Author at 2100 NEWS

China’s Crypto Custody Sector Is Growing despite the Mainland Ban

September 17, 2018 0 0

The debate on whether the central authorities can ever regulate the cryptocurrency industry intensates further with the launch of a Chinese crypto-startup. In a right-in-your-face stunt, InVault begins offering its cryptocurrency custody services last week in China despite the mainland ban. The Shanghai startup proposes to attract cryptocurrency exchanges as its primary clients, believing they […]

Buyer’s Remorse? Cryptocurrency Lawsuits Have Tripled Since 2017

September 17, 2018 0 0

Cryptocurrency lawsuits increased threefold in the first two quarters of 2018 compared to the whole of last year. This is according to a report prepared by Lex Machina, a legal analytics firm. Last year, the number of cases mentioning bitcoin, cryptocurrency or blockchain amounted to just 15 ,but in the first and the second quarters of […]

India’s Biggest Startup Incubator CEO [Falsely] Says Bitcoin Failed Due to $20 Fees

September 16, 2018 0 0

According to Jay Krishnan, the CEO of T-Hub, India’s largest startup incubator & venture advisor to SRI Capital, Bitcoin has failed due to $20 transaction fees. Except that since December, for over nine months, the median transaction fee of Bitcoin has remained below $0.2. In December 2017, the demand for Bitcoin and other major cryptocurrencies […]

Hard Forks Hinder Mass Adoption of Cryptocurrencies: Study

September 16, 2018 0 0

A new study has concluded that hard forks are a threat to the adoption of cryptocurrencies. This is because splits in the blockchain of a particular cryptocurrency tend to lead to the erosion of trust. Additionally, such splits reduce user’s confidence in the capacity of the affected cryptocurrency to continue thriving as a medium of exchange. Interestingly, […]

Sharding, True USD Launches and More Custody Players: This Week in Crypto

September 16, 2018 0 0

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Price Watch: Bitcoin is up 5.46% this week to $6,500 after a somewhat tumultuous week. On Monday, we reported that despite Bitcoin’s price […]

Crypto Firm Adds Two Nobel Winning Economists to Advisory Board

September 15, 2018 0 0

Cryptic Labs, a commercial blockchain research lab has announced the addition of two Economics Nobel Prize winners to its team. Dr. Eric S. Maskin and Sir Christopher Pissarides will provide their unique insights on incentive mechanisms, game theory and macro-economic policies to its Economics Advisory Board. Research Portfolios and New Roles Dr. Maskin, the Adams […]

Abra Adds Native Bitcoin Cash Support, Wins Roger Ver’s Praise

September 15, 2018 0 0

Abra, a mobile cryptocurrency investing app, has added native bitcoin cash (BCH) support, allowing users to deposit and withdraw BCH directly, Abra announced on its website. Anyone who held BCH in Abra previously can now withdraw it to a hardware wallet or use it to make a payment on a merchant site. The app also makes […]

Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher

September 15, 2018 0 0

Much has been made in recent days about how Gemini dollar (GUSD), a USD-pegged stablecoin created by the Winklevoss-founded Gemini cryptocurrency exchange, can help regularize cryptocurrency as a mainstream asset class. However, decentralization hardliners may be dismayed by the details of this grand bargain. GUSD Smart Contract Gives Gemini Broad Control Writing on tech publication Good Audience, blockchain […]

OKEx Clarifies Alleged Arrest of CEO: No Connection With Crypto WFEE

September 14, 2018 0 0

On September 11, photographs of Star Xu, the founder and CEO of OK Group, the parent company of crypto exchange OKEx, being investigated by Shanghai police circulated around online cryptocurrency communities. CNLedger, a trusted news source in the Chinese cryptocurrency community, reported that Xu was investigated by police officers in Shanghai after investors submitted complaints […]

Ethereum Spikes 16% Overnight to $220 as Crypto Market Recovers to $204 Billion

September 14, 2018 0 0

ETH, the native cryptocurrency of Ethereum, has surged by more than 16 percent overnight, rebounding $224. Within 48 hours, the price of ETH surged from $168 to $224, by more than 33 percent. While ETH has retraced slightly to $215, the second most valuable cryptocurrency in the market has found a breathing room that may […]