100 ‘Mainstream Media’ Establish ‘Global Media Blockchain Alliance’

The Global Media Blockchain Alliance has been established in Hong Kong to create a “healthy public opinion environment” for the blockchain industry, Taiwanese newspaper China Times reports July 20. At the 2018 Global Media Blockchain Summit, held in Hong Kong July 19, the Global Media Blockchain Alliance released its “Hong Kong Initiative.” In it, they underlined the unique role of the media in providing high-quality information about the blockchain industry to the public, People’s Daily reports. The Global Media Blockchain Alliance has been established by an association of more than…

$8K In Reach? 4 Barriers Await Emboldened Bitcoin Bulls

$8,000? It’s not out of the question. With no price pullback happening in the wake of Tuesday’s sudden surge, the technical charts indicate bitcoin could soon close in on this key psychological benchmark. First, an expected pullback was not without merit (the charts were looking overextended on Tuesday when the 4-hour RSI reached its highest level since 2016), but since Wednesday, the world’s largest cryptocurrency has largely consolidated gains in a narrow range between $7,246 and $7,588. As the trading range tightens and the technical indicators regain composure, the probability of…

Money is Moving From Tokens Back to BTC

Throughout May and June, even during bear markets and strong downward movements, tokens performed relatively well against bitcoin. So far, in July, bitcoin has proven its dominance through a stable performance against the US dollar. Why Bitcoin is King, For Now Over the past three months, tokens have had a solid basis to increase in volume and price, mainly due to two major factors: the approval of ether by the US Securities and Exchange Commission (SEC) as a non-security and the unforeseen move of Coinbase to add two tokens in…

UK Law Commission to Review Legal Frameworks to Remain ‘Competitive’ in Era of Smart Contracts

The U.K. Law Commission will review legal frameworks to ensure that British courts remain a “competitive” choice for businesses that use smart contracts. The announcement was made in the Commission’s 2018 report released July 19. The Law Commission was established in 1965 with the main tasks of monitoring the laws of the U.K. and recommending reforms. According to the Commission, smart contract protocols presage an era of trustless and more efficient business transactions that compels lawmakers to ensure that existing frameworks have the necessary flexibility and clarity to keep pace…

Web 3.0 Will Evolve as Interoperability and Usability Improve

This interview has been edited and condensed. Cointelegraph spoke recently with Dr. Jutta Steiner, the co-founder and CEO of Parity Technologies, about what originally drew her into the Ethereum (ETH) crowd and how she plans to bring more interoperability to blockchain. During the recent TechCrunch Ethereum Meetup in Zug, Switzerland, Steiner detailed how her background in math and science ties into her work with blockchain, as well as how the new Polkadot protocol could help usher in the web 3.0 era. Molly Jane: Could you begin by telling me a…

Huobi Strategic Partner HBUS Launches API for Large-Scale US Traders

HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph. HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking, the API will also offer historical price data, support for margin trade customization support, setting buy and sell limits, and retrieving trade history. Due to the difference in regulation across the U.S. HBUS noted that residents…

EOS Leads China’s Blockchain Rankings Again, Bitcoin Still Out of Top 15

The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme. EOS Tops China’s Blockchain Rankings for Second-Straight Month Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks according to three metrics, roughly translated as technology, applicability, and innovation, which were then compiled into an overall index score. Though scoring below its peers on applicability (middle column), EOS led the rankings with an…

CoinMarketCap Rehauls Exchange Listings in Response to Controversies Over Skewed Volumes

Crypto price tracker and exchange rankings site CoinMarketCap.com (CMC) is making major changes to its exchange listings method in light of concerns over skewed trade volume data, according to an official announcement July 19. As of July 16, the site has now removed the minimum volume requirements that it had been using to limit the number of exchanges listed on the site. According to CMC, this represents the first measure among others that will be phased in to address widespread concerns about the integrity of trade volume figures on exchanges.…

Stable Coins Keep Attracting Big-League Investors

On July 17, IBM announced its involvement in a U.S. dollar-pegged stable coin project dubbed Stronghold. While the IT titan isn’t new to the world of crypto, stable coins have been attracting more mainstream players lately, and big league investments — from the likes of Andreessen Horowitz and Peter Thiel — have started pouring in. Here are the largest advancement made in this field in the past months, along with the reasons why it might have attracted such major investors. What are stable coins and why do we need them?…

Five Crypto Trailblazers Make Fortune’s ’40 Under 40′ List

Five major crypto innovators have clinched four spots on Fortune’s “40 Under 40” annual rankings for the most powerful young disruptors in global business, released for 2018 on July 19. The first incarnation of Fortune’s under 40 list ran from 1999-2003 and ranked the new titans of the dot-com boom purely based on their wealth. Post-2008 financial crash, the list has been reinvented to take the pulse of figures’ wider achievements, power, and influence on the global stage. This year, Ethereum (ETH) co-founder Vitalik Buterin, 24, has sealed a spot…