China’s Cryptocurrency Rankings | EOS Comes Out on Top

EOS still maintains the top spot in China’s cryptocurrency rankings list. The superpower updated its list last week, proving that EOS is still the favorite. Bitcoin has climbed up three places and now sits in 12th position. Considering Bitcoin is up 10% to press time and approaching the $9k mark, its a wonder why it hasn’t ranked higher on the list. Well here’s why: China’s Cryptocurrency Rankings The rankings list assesses three criteria: technology, application, and innovation. The top five were as follows: EOS, TRON, ETHEREUM, STEEM, and ONTOLOGY. Despite…

Gram dApp Devs Reveal Details of Telegram’s Secretive Blockchain

By CCN: Button Wallet is slated to be one of the first decentralized applications to launch on Telegram’s new blockchain, Telegram Open Network (TON). The secretive project recently opened to beta development, and Button published a blog post detailing how it works currently. https://t.co/6ATLfLAKq5 @telegram #ton #blockchain — BUTTON Wallet (@ButtonWallet) May 26, 2019 Telegram Developers Are “Really Good” The blog post, in part, compliments the TON development team: “Right now [the] developing experience is a bit challenging and unfriendly. Lite client is written on C++ and looks like it’s…

Yahoo! Japanese Cryptocurrency Exchange Taotao Confirms May 30 Launch

Japanese cryptocurrency exchange Taotao will launch its trading service on May 30, Cointelegraph Japan reported Monday, quoting a social media update. Taotao, which is 40% owned by internet giant Yahoo! Japan’s YJFX, will initially offer trading in bitcoin (BTC) and ether (ETH). Margin trading will also be available in litecoin (LTC), XRP and bitcoin cash (BCH) in addition to BTC and ETH. The start date brings to a close a year-long process since Yahoo! Japan closed the 40% percent equity deal in the exchange, then called BitARG, in April 2018.…

Cryptopia Liquidator Files for User Data Protection at US Court as Process Continues

Liquidators of defunct New Zealand cryptocurrency exchange Cryptopia have applied to secure user data stored in the United States as part of refund proceedings, a statement confirmed on May 27. Cryptopia, which suffered a hack in January, has spent months cooperating with law enforcement worldwide in an effort to control stolen funds worth around $16 million. The exchange appointed Grant Thornton to lead the liquidation, which confirmed it had applied for urgent interim relief at the Bankruptcy Court in the Southern District of New York on May 24. The filing…

Telegram’s TON Testnet Blockchain Light Client Uploaded to GitHub

A GitHub user seeming uploaded the first version of the Telegram Open Network (TON) blockchain light client on May 25. Per the readme information file on GitHub, the client — if configured properly — connects to a full node for the TON blockchain testnet and sends some queries to it. The apparent existence of a testnet is in line with reports released in April, according to which Telegram opened access to a testing version of the TON Blockchain to a limited number of global developers, including Russian development teams. The document…

Pseudonymous Messaging With Integrated Payments Is Blockchain’s Killer App

E-cash inventor David Chaum says he believes the real killer app for blockchain and cryptocurrencies will be privacy-oriented messaging systems integrated with payments. Chaum made his remarks in an interview on the Bloomberg Odd Lots podcast on May 27. Chaum — a trailblazing American cryptographer who invented a secure, privacy-preserving digital currency back in 1982 — told Bloomberg that he believes that increased awareness around privacy and digital sovereignty in the contemporary era has paved the way for blockchain and cryptocurrencies to make a breakthrough as a mass society and…

Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform

Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27. Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans online and get their credits without face-to-face interaction. According to the report, the new system is the first initiative of its kind introduced in South Korea. Specifically, Shinhan Bank’s new lending system applies blockchain technology in the verification and confirmation…

Bitcoin Hits All-Time High Versus Argentine Peso Amid Presidential Election Risks

The biggest cryptocurrency, bitcoin (BTC), has hit an all-time high versus the Argentine peso amid the ongoing decline of the currency, Financial Times (FT) reports on May 27. According to the report, the bitcoin price has soared to as high as 394,000 pesos ($8,762.95 at press time) per coin, exceeding prices versus the Argentine peso not seen since the bubble in late 2017. Bitcoin price against Argentine peso since 2017. Source: BitcoinAverage The new all-time high of bitcoin versus the peso takes place amid a crypto bull market this year,…

Bitcoin Has Obliterated the Top Dow, Nasdaq, & S&P 500 Stocks in 2019

By CCN: Gaining an eye-popping 135%, bitcoin has smoked even the most impressive U.S. stocks this year. Even if you take the top performers from the Dow Jones Industrial Average, S&P 500, and Nasdaq – which are Cisco Systems (CSCO), Xerox (XRX), and Beyond Meat (BYND), respectively – they can’t touch BTC/USD for returns. Here are the charts to prove it. Dow’s Best Stock Can’t Touch Bitcoin in 2019 Dow’s Best vs. Bitcoin | Source: Yahoo Finance Cisco Systems has benefitted from a restructuring spearheaded by CEO Chuck Robbins and…

Bitcoin Hits New 2019 High Above $8,900

Bitcoin’s price has set a new record for 2019, reaching as high as $8,905 before retracing slightly. At 19:00 UTC on May 26, the world’s largest cryptocurrency by market capitalization broke from an ascending triangle pattern on the daily chart, after being held beneath $8,250 for an extended period of time. The move to fresh 2019 highs comes after the bitcoin price dropped to as low as $6,600 on May 17 before a large amount of buying pressure pushed prices back above $7,300 within the same day. Since then the…