Blockchain 

Kik Messaging App Now Has New Owner, Will Continue Work on Kin Token

MediaLab, a Santa Monica-based holding company, has finalized an agreement with Kik Interactive to acquire the Kik messaging platform. MediaLab sees the long-term potential of Kik and Kin token On Oct. 18, in a blog post to the millions of members of the Kik community, MediaLab announced that it has acquired the Kik messaging app and explained how the acquisition will impact the app’s future. MediaLab said that the company is committed to Kik for the long term and believes that “Kik’s best days remain ahead of it.” While not…

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Bitcoin 

Top Coins Continue to Decline, Bitcoin Drops to $8,300 Threshold

Friday, Oct. 11 — Major cryptocurrency markets have continued sliding over the day, with only three coins in the top-20 list reporting gains. Cryptocurrency market daily overview. Source: Coin360 The top cryptocurrency Bitcoin (BTC) is trading at around $8,355, having lost 2% on the day at press time. The majority of the decline took place over a period of just 1 hour earlier today, when the coin slumped from $8,734 to $8,404. Bitcoin’s recent price fluctuations are highly thought-provoking, leaving industry stakeholders much to speculate on. Metrics and predictive indices…

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Ethereum 

KIK Closes Messenger and Lays off Staff to Continue SEC Lawsuit Fight

Messaging giant Kik has been embattled in a fierce exchange with the United States Securities and Exchange Commission (SEC) over the last year for a token fundraising run in late 2017. The latest news, confirmed by Kik CEO Ted Livingston, reports that the firm will shut down the Kik app and reduce its staff down to around 10% of the current headcount. According to Livingston, this move is a direct result of the SEC Lawsuit as the company is being drained of its funds. History of the Lawsuit Kik ran…

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Ethereum 

Altcoins Continue to Tumble, With Top-20 Showing a Sea of Red

Thursday, Sept. 26 — After Tuesday’s sudden crash, altcoins seemingly entered a consolidation phase yesterday and for the better part of today, until signs of a new downward price trend reared its ugly head. Cryptocurrency market daily overview. Source: Coin360 Altcoins are still reeling from Tuesday’s painful correction, which saw double-digit losses. Bitcoin SV (BSV) took the lead with a massive hit of up to 34%, while several other major altcoins were recording multi-month lows. Yesterday’s markets calmed down and seemingly entered another consolidation phase. However, today’s prices show us…

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Bitcoin 

Altcoins Continue Explosive Bull Run While Bitcoin Stalls at $10,200

Tuesday, Sept. 17 — Altcoins are showing massive upward price movements, while the No.1 cryptocurrency trades flat at around $10,200. Market visualization. Source: Coin360 While the number of Bitcoin (BTC) wallet addresses holding a minimum of 10 BTC — worth over $100,000 — has hit an all-time high, the Bitcoin price continues to trade sideways, with an intraday high of around $10,320. BTC has been slowly trading downwards to its current trading price of $10,216 and is showing a small gain of 0.8% on the day, according to data from Coin360. Bitcoin…

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Blockchain 

House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to review Facebook’s proposed cryptocurrency Libra and the corresponding digital wallet Calibra. A priority for autumn 2019 Waters announced the committee’s priorities for fall 2019 on Aug. 23. According to the statement, the committee plans to receive the testimony and opinions from governmental officials and regulators.  Specifically, Waters lists Treasury Secretary Mnuchin, Consumer Financial Protection Bureau Director Kraninger, Federal Housing Finance Agency Director Calabria and Federal Reserve Vice Chairman Quarles. Waters…

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Bitcoin 

BTC-e’s Vinnik Case Drags on as New Accusations Continue Emerging

On July 25, 2019, United States prosecutors filed a complaint against the defunct cryptocurrency exchange BTC-e and its alleged former operator, Alexander Vinnik. The indictment was filed nearly 24 months after Vinnik was arrested in Greece while on holiday with his family and has followed numerous extradition requests from the U.S., France and Russia that have seen Vinnik’s case appear to morph from an investigation into alleged money laundering to a tug-of-war over a strategic intelligence asset between the U.S. and Russia. Vinnik’s arrest in July 2017 On July 26,…

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Blockchain 

Crypto Markets Continue Trading in Red, Oil Reports Losses

Thursday, July 11 — major cryptocurrency markets are trading in the red zone, with just a few coins reporting moderate gains, according to Coin360. Market visualization courtesy of Coin360 The leading cryptocurrency Bitcoin (BTC) has continued coming down after yesterday;s sharp drop to trade at around $11,740 as of press time. The coin has lost 4.39% over the past 24 hours. During the day, Bitcoin has been trading in a narrow corridor between $12,191 and $11,377. As reported earlier today, Bitcoin trading in Zimbabwe has continued to surge after the government…

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Blockchain 

Conglomerates’ Deep Pockets Continue Blockchain Growth in S Korea Despite Crypto Ban

Unlike in other countries, where startups are at the heart of blockchain development, the South Korean blockchain landscape has “chaebols,” large, family-owned business conglomerates in Korea, at its heart. Just about every month, reports and announcements of large South Korean companies — including Samsung, Naver and NHN, just to name a few — entering into the blockchain space emerge. Still, South Korea is one of the most advanced markets in the blockchain and cryptocurrency industry. The first indication comes from how dominant Korean exchanges were during the crypto bull run…

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Bitcoin 

Philippines’ Central Bank Will Continue to Closely Monitor Crypto, Citing Terror Financing

The governor of the Philippines’ central bank, Benjamin Diokno, has warned against the potential use of cryptocurrencies for terrorism financing and underscored that the Bangko Sentral ng Pilipinas (BSP) will continue to closely monitor their use in the country. The news was reported by local English language newspaper The Philippine Star on June 10. In addition to Diokno’s remarks, BSP Deputy Governor Diwa Guinigundo reportedly provided further insights into the institution’s stance toward cryptocurrencies during the launch of an unnamed book about bitcoin (BTC). Diokno ostensibly criticized bitcoin’s potential to…

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