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Harnessing the Power of AI, Neural Networks and Active Leverage to power Crypto Trading. Qompass
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The Payportal platform connects Indian service providers such as banks, mobile operators with public through a WALLET Payportal
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Robotics, neural networks, blockchain – these technologies create a new era. EVO
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Full integration of blockchain-technologies into e-commerce market SONDER
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Welcome to the ICO CAPTURE! Discover the best ICO (initial coin offering) opportunities. ICOCAPTURE.com is a cutting-edge initial coin offering platform, where investors will get a detailed list of ICOs, token sales, and ICO results. With strong technical skill and decent experience in the crypto industry, our objective is to provide a substantial platform to investors. The projects on our listing are scanned and updated regularly, to help crypto investors make better investment decisions. We have the best rating system where you can find the best ICOs using our Active ICO, Upcoming ICO and Past ICO listings.

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Updates: Jun-6-2018 10:47:09 PM
Cryptocurrencies 'Are Not Going Away' Says CFTC Official -  Commissioner of the CFTC, Rostin Behnam, gave an address emphasizing the potential of blockchain to address issues in all sectors.>> full details
Updates: Jun-6-2018 10:46:40 PM
CFTC Denies FOIA Request for Bitfinex and Tether Subpoenas -  The top U.S. futures regulator has denied a FOIA request related to cryptocurrency exchange Bitfinex and the closely-linked 'stablecoin' operator…>> full details
Updates: Jun-5-2018 05:37:05 PM
U.S. Telecom Agency Wants Blockchain Policy Suggestions -  The National Telecommunications and Information Administration has asked industry members to provide suggestions for blockchain policy.>> full details
Updates: Jun-5-2018 05:36:06 PM
$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner -  Japanese IT giant GMO Internet has revealed prices and specs for its new-from-the-ground-up bitcoin miner – the world's first based on a 7nm chip.>> full details
Updates: Jun-5-2018 05:34:48 PM
Magic Number? Chart Data Hints at June 6 Bitcoin Boost -  A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves.>> full details
Updates: Jun-5-2018 05:33:59 PM
China Has Built a Blockchain System That Could Replace Paper Checks -  China's central bank has completed a blockchain-based system that digitizes checks in a move to counter fraud in the country.>> full details
Updates: Jun-5-2018 05:31:35 PM
Telecoms Giant Wants to Move Mobile Data Top-Ups to a Blockchain -  China Mobile, one of China's three state-owned telecoms giants, is exploring moving part of its mobile data business to a distributed ledger.>> full details
Updates: Jun-4-2018 01:22:25 PM
Hyperchain Blockchain Creator Completes $234 Million Funding Round -  Blockchain platform developer Qulian Technology has closed one of the biggest blockchain-focused VC rounds ever.>> full details
Updates: Jun-4-2018 01:21:57 PM
Chinese Firm Reportedly Nets $18 Million in 'Questionable' Token Sale -  Despite China's 2017 ban on ICOs, a Chinese firm still appears to have openly promoted a token sale that reportedly raised $18 million.>> full details
Updates: Jun-4-2018 01:21:04 PM
Indonesian Regulator Gives Green Light for Crypto Futures Trading -  Indonesia's futures watchdog has reportedly ruled that cryptos are commodities that can be traded on the country's futures exchange. >> full details
Updates: Jun-4-2018 01:20:28 PM
Meet the Dapp Market: A Twist On Open Source Is Winning Developers -  Two ethereum-based bounty marketplaces are beginning to take off, and are hoping to take the decentralized application (dapp) space with them.>> full details
Updates: Jun-4-2018 01:19:17 PM
China State TV: Blockchain Is '10 Times More Valuable Than the Internet' -  China Central Television aired an hour-long program on Sunday aimed to educate the public about the concept, potential and risks of blockchain.>> full details
Updates: Jun-3-2018 08:22:17 PM
Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics -  Maqta Gateway LLC, a wholly owned subsidiary of Abu Dhabi Ports, has become the first entity in Abu Dhabi to deploy its own blockchain solution, Construction Business News reports June 2. full details
Updates: Jun-3-2018 08:19:08 PM
Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback -  Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback.>> full details
Updates: Jun-3-2018 08:18:01 PM
Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol -  Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol.>> full details
Updates: Jun-3-2018 07:51:33 PM
Crypto Candy? Expect Free Giveaways When the EOS Blockchain Launches -  Airdrops are well established idea here at the launch of the EOS mainnet, so its startups are way ahead of being the first to give free tokens away.>> full details
Updates: Jun-1-2018 09:49:10 PM
Huobi Partners on $93 Million China-South Korea Blockchain Fund -  Crypto exchange Huobi has teamed up with NewMargin Capital and Kiwoom Securities to launch a blockchain fund focused on China and South Korea.>> full details
Updates: Jun-1-2018 08:54:24 PM
Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos -  While most top-25 cryptocurrencies took a hit last month, lesser-known cryptocurrency bytecoin scored decent gains.>> full details
Updates: Jun-1-2018 08:53:43 PM
Binance Reveals Plan for $1 Billion Blockchain Startup Fund -  Binance has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of startups in the blockchain and cryptocurrency space.>> full details
Updates: Jun-1-2018 08:29:33 PM
GMO Launches Mobile App That Lets Gamers Earn Bitcoin -  Japan's GMO Internet Group has developed a new mobile app that aims to introduce the public to bitcoin simply by playing games.>> full details
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latest updates from Cryptocurrencies 'Are Not Going Away' Says CFTC Official
Updates: Jun-6-2018 10:47:09 PM
Cryptocurrencies are here to stay, according to an official from the chief US commodities regulator.

Rostin Benham, a commissioner at the U.S. Commodity Futures Trading Commission (CFTC), spoke during the Blockchain for Impact Global Summit, held at the United Nations Plaza on Monday. During his speech, he emphasized the major potential for blockchain to address issues in healthcare, employment and crime, among other sectors.
 
latest updates from CFTC Denies FOIA Request for Bitfinex and Tether Subpoenas
Updates: Jun-6-2018 10:46:40 PM
The top U.S. futures regulator has denied a Freedom of Information Act (FOIA) request for subpoenas reportedly issued to crypto exchange Bitfinex and the closely-linked 'stablecoin' operator Tether, according to records obtained by CoinDesk.

The FOIA request, filed by an individual who requested anonymity when speaking to CoinDesk, sought "subpoenas issued to iFinex inc. also known as Bitfinex and it's subsidiary companies, as well as subpoenas issued Tether Limited and its subsidiary companies" and was initially submitted in February.

The filing came weeks after reports first indicated that Bitfinex and Tether had been subpoenaed by the Commodity Futures Trading Commission (CFTC), though it's not clear what, exactly, is being investigated. That news followed the revelation that the relationship between Tether – which operates the dollar-linked token USDT – and its auditor, Friedman, had "dissolved."

In its response to the FOIA request, dated June 5, the CFTC wrote that it found "thousands of responsive records, all of which are exempt from the FOIA's disclosure requirement," going on to cite a number of exemptions in denying the request, including one commonly applied to law enforcement investigations.

"Some records are exempt from disclosure under FOIA Exemption 7(A), 5 U.S.C. § 552(b)(7)(A), because disclosure of that material could reasonably be expected to interfere with the conduct of the Commission's law enforcement activities," the letter stated.
 
latest updates from U.S. Telecom Agency Wants Blockchain Policy Suggestions
Updates: Jun-5-2018 05:37:05 PM
The National Telecommunications and Information Administration (NTIA), a wing of the U.S. Department of Commerce, wants to help American entrepreneurs use blockchain technologies.

The agency announced a notice of inquiry on Tuesday, asking respondents to recommend ideas for new policies surrounding a host of areas, including emerging technologies, cybersecurity and privacy, internet governance and information free-flow. NTIA administrator David Redl wrote that "all interested stakeholders" to provide input, which will then "inform NTIA's international internet policy priorities going forward."
 
latest updates from $1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner
Updates: Jun-5-2018 05:36:06 PM
Japanese IT giant GMO Internet has revealed prices and specs for its new-from-the-ground-up bitcoin miner – the world's first based on a 7nm chip.

At a press conference, the company said Tuesday that its 7nm ASIC (application-specific integrated circuit) that will power the new B2 miner is designed in Japan, but manufactured in Taiwan.

The arrival of a 7nm chip is notable since it ushers in more hashing power for bitcoin miners, while at the same time theoretically reducing power consumption, an important factor for miners in seeking return on their investment.

According to a Bloomberg reporter who tweeted from the event, the B2 will provide a hash rate of 24TH/s, with power consumption at 1,950W per unit – that breaks down at 81W per 1 TH/s.

By comparison, the current market leader – Bitmain's Antminer S9 – offers 14TH/s at a power consumption of around 1,300W.

The B2 may offer market leading power, if GMO's figures prove to be accurate, but it will come at a price – $1,999 to be exact. That's compared with $837 for the Antminer S9.
 
latest updates from Magic Number? Chart Data Hints at June 6 Bitcoin Boost
Updates: Jun-5-2018 05:34:48 PM
A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves.

Intriguingly, the cryptocurrency tends to take a significant change of direction on the sixth day of every month.

Having topped out in the $20,000 neighborhood in mid-December 2017, the cryptocurrency fell to a 2018 low of $6,000 on Feb. 6. Since then, the cryptocurrency has been restricted to a narrowing price range, as indicated by the triangle pattern in the chart below.

What's more interesting is that major price highs and lows over that time have formed around the sixth day of every month.
 
latest updates from China Has Built a Blockchain System That Could Replace Paper Checks
Updates: Jun-5-2018 05:33:59 PM
China's central bank has finished work on a blockchain-based system that digitizes checks issued by domestic businesses, according to a senior official.

In an op-ed published by a local news source on Tuesday, Di Gang, deputy head of the digital currency research lab at the People's Bank of China, said the department has "completed the infrastructure of a system that issues digital checks based on a blockchain with smart contracts technology."

According to Di, the work comes after a year-long R&D process that kicked off in 2016 when the lab first announced its plans to look to blockchain technology in the hopes of solving the issue of check fraud in the Chinese market. It was later reported that, in January 2017, the agency had successfully tested a prototype in a virtual environment.

Based on Di's explanation, physical business checks in China function like money orders, except that besides being used to claim a payment from a bank, recipients can also exchange them with other entities.

An apparent problem with the existing system is the large numbers of intermediaries that take on the role of traditional banks to issue checks, and that brings added risks of fraud, he said. Subsequently, fake checks can circulate among commercial banks and potentially undermine the country's financial integrity.

Built to arrive at consensus with the use of practical byzantine fault tolerance (PBFT), Di said the agency's blockchain platform can essentially tokenize checks, while transactions can be controlled via smart contracts.

A main benefit of the system, he said, is to give regulators a transparent overview of the entire life cycle of a digital check, regardless of whether it is being redeemed for cash or being used as a security to back up other corporate assets.
 
latest updates from Telecoms Giant Wants to Move Mobile Data Top-Ups to a Blockchain
Updates: Jun-5-2018 05:31:35 PM
China Mobile Corporation, one of the three state-owned telecommunications giants in the country, is exploring the use of distributed ledger technology within its core mobile data business.

According to patent application filed with China's State Intellectual Property Office (SIPO) in November 2016 and made public on Tuesday, the company is eyeing the development of a blockchain network to handle transaction requests for mobile data top-ups and remove the heavy processing load from its data centers.

With such a system, the document says, when a user first signs up for a network plan, an initial top-up transaction will be created together with the user's information. This data is then stored on a blockchain that consists of what the firm calls "top-up nodes."

Subsequently, when the user sends requests for further data top-ups, China Mobile would debit funds from the user's account, at which point the blockchain nodes would verify the transaction based on the information it already holds on the user. Following verification, China Mobile would then allocate more mobile data to the user, according to the request.
 
latest updates from Hyperchain Blockchain Creator Completes $234 Million Funding Round
Updates: Jun-4-2018 01:22:25 PM
Qulian Technology, a China-based blockchain platform developer, has announced the completion of a 1.5 billion Chinese yuan ($234 million) Series B funding round.

According to an announcement from Qulian on Sunday, the news comes just a week after the deal's lead investor Xinhu Zhongbao, a Shanghai-listed real estate and finance firm, first disclosed its plan to invest in the project in a filing with the Shanghai Stock Exchange on May 27.

The document indicated that Xinhu Zhongbao intended to invest 1.23 billion CNY ($192 million) in Qulian through a combination of a $17 million capital contribution transfer and a $175 million new equity issuance. The deal resulted in the investor holding 49 percent of Qulian's shares.

Founded in 2016, Qulian sets out to develop enterprise-grade solutions based on its hyperchain blockchain platform. Based on Xinhu Zhongbao's disclosure, the firm recorded revenue of $281,000 and a net loss of $2.34 million in 2017, while the firm was valued at $234 million.

This is the second time that Xinhu Zhongbao has shown its support for Qulian, having already purchased a small amount of the firm's shares in April 2018, at which point the investor valued Qulian at $78 million.
 
latest updates from Chinese Firm Reportedly Nets $18 Million in 'Questionable' Token Sale
Updates: Jun-4-2018 01:21:57 PM
A Chinese healthcare firm has reportedly raised 120 million yuan ($18 million) by issuing a custom cryptocurrency, despite China's 2017 ban on initial coin offerings (ICOs).

According to an Investor China report on Monday, the company involved – called Zhaoyun Group and apparently based in Hangzhou – focuses on the healthcare and scientific research industry.

While the company's official website does not include any information about an ICO, posts on social networks and forums indicate that the company launched a token sale on April 8.

According to the posts, Zhaoyun Group targeted the issuance of 170 million of its own ERC-20-based (an Ethereum standard) tokens, dubbed Trillion Cloud Gold (TGCG), 10 percent of which were sold through a public offering.

Data from etherscan.io, the website that tracks transactions on the Ethereum blockchain, shows that all the tokens were created in mid-March 2018, but that no transactions were made thereafter.

Through conversations with promotors in the token sale's WeChat groups, the report indicated that the public offering raised the $18 million through a tiered distribution system wherein members receive a return on their investment by attracting additional investors to purchase the token.

The report went on to call the firm's conduct "questionable," given that it could have violated China's notable ban on ICOs, while the firm's business model appears to "very similar" those seen in pyramid and Ponzi schemes.
 
latest updates from Indonesian Regulator Gives Green Light for Crypto Futures Trading
Updates: Jun-4-2018 01:21:04 PM
Indonesia's Futures Exchange Supervisory Board (Bappebti), a commodities market regulator under the country's Ministry of Trade, has reportedly ruled that cryptocurrencies are commodities that can be traded on the country's futures exchange.

According to a Jarkata Post report on Monday, the agency's market supervision chief, Dharma Yoga, has confirmed the decision and said the ruling came after a four-month study period that examined the issue.

According to Yoga, the agency has now signed a decree to formalize the decision, potentially clearing the way for the launch of a bitcoin futures product in Indonesia.

Meanwhile, other regulations around cryptocurrency exchanges and related taxation in the country will also be revealed by the country's central bank and its taxation agency, Yoga said.

The central bank, Bank Indonesia, suggested late last year that it would prohibit bitcoin payments in the country, and subsequently stated it does not recognize the cryptocurrency as a legal payment method. However, it did not mention cryptocurrency exchanges at the time.

Yoga further indicated that, in order to prepare a comprehensive regulatory framework, the agency is now requesting domestic cryptocurrency exchanges to submit regulatory proposals.
 
latest updates from Meet the Dapp Market: A Twist On Open Source Is Winning Developers
Updates: Jun-4-2018 01:20:28 PM
While this is a bit of an exaggeration, Kevin Owocki has a point: making a living can be rough for developers of open-source software, that is, software for which the code is made freely available to use, modify and redistribute under licenses that mostly preclude hallmarks of ownership such as patent rights.

As the founder of Gitcoin, a decentralized bug bounty marketplace, Owocki is trying to fix that.

And this push comes at a time when many open-source developers are lamenting the struggles of their passion, as a Medium article called "A Bitter Guide To Open Source" makes its rounds.

Speaking to CoinDesk, Owocki described the categories open-source maintainers and developers fall into: either they work on their pet projects for free outside regular work hours (which can be draining); they solicit donations from the users of their software (which generally doesn't garner much pay); or they work under the auspices of a corporate sponsor (which turns off some developers that appreciate their autonomy).

None of these are perfect options, so Gitcoin, launched in September 2017, aims to create a marketplace whereby open-source developers – particularly those that focus on ethereum and the decentralized applications or "dapps" that run on top of it – can get compensated for whatever work they want to do.
 
latest updates from China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
Updates: Jun-4-2018 01:19:17 PM
China Central Television (CCTV), the country's primary state broadcaster, has said the economic value of blockchain is "10 times more than that of the internet."

In a segment named "Dialogue," aired Sunday night through the station's Finance Channel, CCTV host Chen Weihong featured an hour-long discussion that was for the first time dedicated to educating its wide audience-base on the concept, potential and risks of blockchain technology.

The conversation also featured prominent figures from the blockchain industry in both private and public sectors including Don Tapscott, the well-known author of "Blockchain Revolution."

Other speakers included Chen Lei, CEO of cloud network giant Xunlei, and Zhang Shoucheng, a physics professor at Stanford University and founder of Danhua Capital, a venture capital firm that invests in blockchain technology.

Most notably, after Tapscott and Chen kicked off the discussion by explaining the basic concept of blockchain and distributed ledger technology, the host continued by suggesting blockchain is the second phase of the internet and has a value 10 times greater than its predecessor.
 
latest updates from Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics
Updates: Jun-3-2018 08:22:17 PM
Maqta Gateway has developed and launched Silsal — a blockchain-based technology that aims to improve efficiency in the shipping and logistics industry.

According to Construction Business News, Silsal will initially be available to freight forwarders and their customers, with the new system being rolled out to “the rest of the trade community as a complementary tool to the existing mPCS (Maqta’s Port Community System).”

Using an internal blockchain, Abu Dhabi Ports hopes to reduce paperwork, facilitate real-time status updates and accelerate information exchange.
 
latest updates from Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback
Updates: Jun-3-2018 08:19:08 PM
On May 30, the Spanish Congress unanimously supported draft legislation that would favorably regulate blockchain technology and cryptocurrencies in the country. While the move marks pro-crypto tendencies among local politicians, there are complications that the reform might stumble upon, namely EU compliance laws and the very recent overthrow of prime minister Mariano Rajoy.
 
latest updates from Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol
Updates: Jun-3-2018 08:18:01 PM
Chinese internet giant Baidu has announced the next step in its blockchain integration in the form of a protocol aimed at reducing mining energy consumption, according to a report by China News Weekly today, June 3.

Dubbed ‘Super Chain,’ chief scientist at Baidu’s blockchain division Xiao Wei revealed the protocol at a local conference over the weekend.

The move forms the latest in a series of increasingly direct experiments with cryptocurrency for Baidu, which launched its Blockchain-as-a-Service (BaaS) solution in January this year.

Super Chain can “insert and remove consensus mechanisms to solve the current energy consumption problem,” Wei explained, and is also “compatible with the development system of Bitcoin and Ethereum.”

Baidu has already released one blockchain-based product since the BaaS rollout, this coming in the form of a digital image property rights management platform in April.

As China’s big business gets to grips with blockchain and even the president champions its potential, authorities are planning hard-and-fast regulations for the industry. Last month, Beijing announced ‘standards’ would be in place by the end of 2019.
 
latest updates from Crypto Candy? Expect Free Giveaways When the EOS Blockchain Launches
Updates: Jun-3-2018 07:51:33 PM
It turns out, owning EOS could be a 17-for-one offer for anyone who's in before the launch.

That's because, once live, it won't just be the cryptocurrency that powers the EOS software that's available to the market (see our full guide to the launch). In fact, most EOS holders will find they also own a bunch of other new tokens with real-world value since loads of startups are planning to jumpstart their efforts by gifting tokens to EOS users, the lion's share coming in the first blocks.

Stepping back, airdrops are a broader trend in crypto and not by any means something unique to EOS. A form of giveaway, they have taken on a special significance as a way to jumpstart a community around a project at very little cost and without asking anyone to spend money.

The OMG token issued by OmiseGo pioneered this approach in late 2017, when everyone with an ethereum wallet received a helping of its new token. Airdrops didn't stop thereafter, though they became more focused, with giveaways for people who sign up based on specific criteria becoming the norm. For example, companies might pay to do airdrops to elite crypto communities like 21.co or CoinList or they might simply ask their community to complete certain verifiable tasks to earn allocations.

But with EOS, that trend only appears to be accelerating.

The new EOS protocol will go live in early June (there is no precise time), and when it does, a transition will occur, with those who own EOS tokens issued on ethereum (effectively a dummy token used for fundraising) having their coins locked up in smart contracts until they can be exchanged.

Shortly after this happens, there will be many airdrops, and generally speaking these first few airdrops will be distributing widely to users. Many of them are dropping into every single wallet that has a certain number of EOS tokens in it.
 
latest updates from Huobi Partners on $93 Million China-South Korea Blockchain Fund
Updates: Jun-1-2018 09:49:10 PM
Hot on the heels of its recently announced cryptocurrency ETF offering, Huobi has revealed a new partnership that will see it launch an investment fund dedicated to blockchain startups in China and South Korea.

According to a report by the China Money Network on Friday, the cryptocurrency exchange has teamed up with Chinese investment firm NewMargin Capital and South Korean securities firm Kiwoom Securities on the joint effort. Banks from South Korea, including Korea Development Bank and Industrial Bank Of Korea, are to invest in the fund as limited partners, the report adds.

The companies are hoping to raise the local equivalent of $93 million to be invested in blockchain startups in China and South Korea, as well as to encourage cooperation between blockchain projects in the two nations.

The news comes on the same day that Huobi launched an exchange-traded fund (ETF) based on cryptocurrencies – aimed to allow retail investors to gain exposure to a basket of assets instead of just one at a time. The investment instrument, called HB10, is now open for subscriptions, though the firm will only accept funding using cryptocurrencies.

Also announced today was a fund set up by rival crypto exchange Binance, which said it was launching a $1 billion "Social Impact Fund" to boost the growth of blockchain and cryptocurrency startups.

Binance aims to use $1 billion of its own capital to create a combination of a fund of funds and a direct fund that invests in blockchain projects.
 
latest updates from Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos
Updates: Jun-1-2018 08:54:24 PM
Bitcoin's failure to scale the $10,000 mark and the following 19 percent slump did not bode well for the cryptocurrency markets last month.

The total market capitalization of all cryptocurrencies fell to $304 billion on May 29 – the lowest level since April 13 and a drop of 26 percent for the month, according to CoinMarketCap data.

Meanwhile, the bitcoin dominance rate, an indicator that tracks the percent of the total cryptocurrency market cap contributed by bitcoin, rose from 35.86 percent (May 6 low) to 40 percent, signaling a possible rotation of money out of alternative cryptocurrencies and into bitcoin.

The argument has merit, as BTC ranked 18th on the list of losers among top 25 cryptocurrencies by market capitalization, meaning it outperformed most of the big names.

For instance, XRP and bitcoin cash both (BCH) dropped 26 percent during May. EOS depreciated by 30 percent and litecoin (LTC) shed 20 percent. Among the major cryptocurrencies, only ethereum (ETH) managed to outperform bitcoin with a 13.8 percent drop.

It wasn't all bad news, though – a cryptocurrency called bytecoin (BCN) refused to follow the downtrend and clocked a 24 percent monthly gain to become the best top-25 performer in May.
 
latest updates from Binance Reveals Plan for $1 Billion Blockchain Startup Fund
Updates: Jun-1-2018 08:53:43 PM
Binance, one of the world's largest cryptocurrency exchanges, has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of blockchain and cryptocurrency startups.

Ella Zhang, head of the exchange's incubator program Binance Labs, said during an online meetup Thursday that the capital for the fund will be coming from Binance's own reserves as a way to contribute to the industry ecosystem.

Binance will pour in the $1 billion over 10 phases of $100 million each and, in essence, will create a combination of a fund of funds (a fund that invests in other funds) and a direct fund that invests in blockchain projects.

For the fund of funds, the incubator chief further explained that Binance is seeking 20 funds to invest in, which each must manage a pool of at least $100 million in order to be eligible. Investments will be made through Binance's own BNB token, she said.

The first project to be supported is a blockchain-powered ride-hailing initiative that was recently announced by Chen Weixing, CEO of app developer Funcity and former founder of Chinese ride-hailing app Kuaidi Dache. As previously reported, Chen revealed the initiative at a Big Data expo in Guizhou, China, last week together with Yang Jun, co-founder of Meituan, one of the largest group discount apps in China.
 
latest updates from GMO Launches Mobile App That Lets Gamers Earn Bitcoin
Updates: Jun-1-2018 08:29:33 PM
Japanese technology firm GMO Internet Group has developed a new mobile app that lets users earn bitcoin simply by playing games, the company said on Thursday.

According to an announcement, the new app – called CryptoChips – will initially be integrated with a real-time territorial battle game also developed by GMO called "Whimsical War."

By playing the game on an iOS or Android device starting from August of this year, users can be rewarded with bitcoin based on their ranking and missions achieved inside the game.

Rather than using on-device mining to earn the cryptocurrency, players will receive their bitcoin rewards directly from GMO. The firm kicked off its own bitcoin mining operations in December 2017, and has also slated in August as the deadline for the launch of its cloud mining service.

The tech giant said in the announcement that the hope is to encourage the public to become familiar with cryptocurrencies via the new app, since users will need to use their own digital wallets to receive and use the bitcoin.

GMO indicated that, moving forward, it may include support for more cryptocurrencies within the app and also expand its integrations across other mobile games.

The new service comes just a week after GMO announced that it is launching the world's first 7nm bitcoin mining chip, with a target shipment deadline set for the end of October 2018.
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LATEST ICOs NEWS
Cryptocurrencies 'Are Not Going Away' Says CFTC Official
Commissioner of the CFTC, Rostin Behnam, gave an address emphasizing the potential of blockchain to address issues in all sectors.>> more
Jun-6-2018 10:47:09 PM
CFTC Denies FOIA Request for Bitfinex and Tether Subpoenas
The top U.S. futures regulator has denied a FOIA request related to cryptocurrency exchange Bitfinex and the closely-linked 'stablecoin' operator…>> more
Jun-6-2018 10:46:40 PM
U.S. Telecom Agency Wants Blockchain Policy Suggestions
The National Telecommunications and Information Administration has asked industry members to provide suggestions for blockchain policy.>> more
Jun-5-2018 05:37:05 PM
$1,999: GMO Reveals Details of Its New 7nm Bitcoin Miner
Japanese IT giant GMO Internet has revealed prices and specs for its new-from-the-ground-up bitcoin miner – the world's first based on a 7nm chip.>> more
Jun-5-2018 05:36:06 PM
Magic Number? Chart Data Hints at June 6 Bitcoin Boost
A major reprieve just may be in the offing for the battered bitcoin bulls in the next 36 hours – if, that is, historical patterns repeat themselves.>> more
Jun-5-2018 05:34:48 PM
China Has Built a Blockchain System That Could Replace Paper Checks
China's central bank has completed a blockchain-based system that digitizes checks in a move to counter fraud in the country.>> more
Jun-5-2018 05:33:59 PM
Telecoms Giant Wants to Move Mobile Data Top-Ups to a Blockchain
China Mobile, one of China's three state-owned telecoms giants, is exploring moving part of its mobile data business to a distributed ledger.>> more
Jun-5-2018 05:31:35 PM
Hyperchain Blockchain Creator Completes $234 Million Funding Round
Blockchain platform developer Qulian Technology has closed one of the biggest blockchain-focused VC rounds ever.>> more
Jun-4-2018 01:22:25 PM
Chinese Firm Reportedly Nets $18 Million in 'Questionable' Token Sale
Despite China's 2017 ban on ICOs, a Chinese firm still appears to have openly promoted a token sale that reportedly raised $18 million.>> more
Jun-4-2018 01:21:57 PM
Indonesian Regulator Gives Green Light for Crypto Futures Trading
Indonesia's futures watchdog has reportedly ruled that cryptos are commodities that can be traded on the country's futures exchange. >> more
Jun-4-2018 01:21:04 PM
Meet the Dapp Market: A Twist On Open Source Is Winning Developers
Two ethereum-based bounty marketplaces are beginning to take off, and are hoping to take the decentralized application (dapp) space with them.>> more
Jun-4-2018 01:20:28 PM
China State TV: Blockchain Is '10 Times More Valuable Than the Internet'
China Central Television aired an hour-long program on Sunday aimed to educate the public about the concept, potential and risks of blockchain.>> more
Jun-4-2018 01:19:17 PM
Abu Dhabi Ports Launches First Domestic Blockchain Solution for Logistics
Maqta Gateway LLC, a wholly owned subsidiary of Abu Dhabi Ports, has become the first entity in Abu Dhabi to deploy its own blockchain solution, Construction Business News reports June 2. more
Jun-3-2018 08:22:17 PM
Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback
Spain Introduces Innovation-Aimed Crypto Regulation, But Political Unrest Might Cause a Setback.>> more
Jun-3-2018 08:19:08 PM
Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol
Internet Giant Baidu Unveils Energy-Efficient ‘Super Chain’ Blockchain Protocol.>> more
Jun-3-2018 08:18:01 PM
Crypto Candy? Expect Free Giveaways When the EOS Blockchain Launches
Airdrops are well established idea here at the launch of the EOS mainnet, so its startups are way ahead of being the first to give free tokens away.>> more
Jun-3-2018 07:51:33 PM
Huobi Partners on $93 Million China-South Korea Blockchain Fund
Crypto exchange Huobi has teamed up with NewMargin Capital and Kiwoom Securities to launch a blockchain fund focused on China and South Korea.>> more
Jun-1-2018 09:49:10 PM
Up 24%: Bytecoin Only Gainer In Bad Month for Big Cryptos
While most top-25 cryptocurrencies took a hit last month, lesser-known cryptocurrency bytecoin scored decent gains.>> more
Jun-1-2018 08:54:24 PM
Binance Reveals Plan for $1 Billion Blockchain Startup Fund
Binance has announced it is launching a $1 billion "Social Impact Fund" to foster the growth of startups in the blockchain and cryptocurrency space.>> more
Jun-1-2018 08:53:43 PM
GMO Launches Mobile App That Lets Gamers Earn Bitcoin
Japan's GMO Internet Group has developed a new mobile app that aims to introduce the public to bitcoin simply by playing games.>> more
Jun-1-2018 08:29:33 PM
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