Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline: Analyst

The cryptocurrency markets experienced a slight pullback on Thursday but have more or less managed to maintain the midweek recovery that followed Monday’s massive sell-off. As CCN reported, some analysts attributed that decline — which affected ethereum to a far greater extent than bitcoin — to ICO-funded startups cashing out their capital before the market

The post Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline: Analyst appeared first on CCN

1 in 3 U.K. Businesses Hit by Cryptojacking in July: Study

A new study published by Citrix has suggested that approximately 30 percent of businesses in the U.K. fell victim to cryptojacking attacks in July alone, as criminals continue to push malware that secretly uses the processing power of their computers to mine cryptocurrency. The research, which was commissioned by software company Citrix, asked 750 IT

The post 1 in 3 U.K. Businesses Hit by Cryptojacking in July: Study appeared first on CCN

Experts: Bitcoin Hashrate Increase Shows Investors are Happy in Long-Term

The hashrate of the Bitcoin network, which represents the amount of computing power securing the blockchain, has continued to increase despite the 70 percent decline of BTC since January of this year. David Sapper, chief operating officer at Australia-based cryptocurrency exchange Blockbid, said in an interview with Bloomberg that the continuous rise in the hashrate

The post Experts: Bitcoin Hashrate Increase Shows Investors are Happy in Long-Term appeared first on CCN

Airbnb Co-Founder Backs $23 Million Funding Round for Institutional Cryptocurrency Dealer

Institutional-grade cryptocurrency prime dealer SFOX has raised nearly $23 million to fund the development of full-featured asset management platform for large-scale cryptocurrency investors. Announced on Thursday, SFOX’s $22.7 million Series A funding round was led by Tribe Capital and Social Capital, and it also included investments from Y Combinator, Khosla Ventures, Blockchain Capital, and Airbnb

The post Airbnb Co-Founder Backs $23 Million Funding Round for Institutional Cryptocurrency Dealer appeared first on CCN

110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics

Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain. According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger technology (DLT) to route packages

The post 110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics appeared first on CCN

Gnosis Creator: Ethereum Adoption is About dApp Network Effect, Not Users

Martin Köppelmann, the creator of decentralized marketplace Gnosis, has said that the adoption of Ethereum should be measured by the network effect of decentralized applications (dApps), not the number of users on the blockchain network. Interconnected Ecosystem of dApps As a decentralized computing platform, the Ethereum blockchain network enables dApps and users to process data

The post Gnosis Creator: Ethereum Adoption is About dApp Network Effect, Not Users appeared first on CCN

There’s Still No Bitcoin ETF, But U.S. Investors Just Got a Consolation Prize

The long-anticipated bitcoin ETF has yet to materialize, but American investors seeking to gain exposure to the flagship cryptocurrency through their standard brokerage accounts now have a consolation prize. Bloomberg reports that Bitcoin Tracker One, an exchange-traded note (ETN) that has been listed on Nasdaq Stockholm since 2015, can now be traded in U.S. brokerage

The post There’s Still No Bitcoin ETF, But U.S. Investors Just Got a Consolation Prize appeared first on CCN

VeChain Price Explodes 30% as Cryptocurrency Market Extends Recovery

The vechain price (VET) exploded by 30 percent on Thursday, headlining a widespread recovery that raised the cryptocurrency market cap by more than $5 billion over the past 24 hours. The cryptocurrency, which serves as the native token of the smart contracts and supply chain management-focused VeChain blockchain, had traded below $0.008 during Thursday’s early

The post VeChain Price Explodes 30% as Cryptocurrency Market Extends Recovery appeared first on CCN

Bitcoin Wallet Browser Toshi Rebrands to ‘Coinbase Wallet’

Toshi, the open source DApp browser and wallet designed by Coinbase will now be known as Coinbase Wallet. In a Medium post published on Wednesday, the company says the name change is beyond branding, and more of a “larger effort to invest in products” that will shape the future of the decentralized web. Siddharth Coelho-Prabhu,

The post Bitcoin Wallet Browser Toshi Rebrands to ‘Coinbase Wallet’ appeared first on CCN