Crypto Spring Has Arrived & Institutional Money Will Move In: Barry Silbert

By CCN Markets: Bitcoin, the asset written off by many prominent economists after an enormous fall last year, has surged by more than 115% in the first half of 2019. The world’s largest cryptocurrency in May established a year-to-date high of $9,090 on Coinbase exchange. The price corrected downwards by more than $1,000 afterward. However, the drop did not shake bitcoin’s long-term bullish bias, at least according to Barry Silbert, the founder, and CEO of Digital Currency Group. Silbert told Bloomberg that crypto spring has arrived. He’s been in the crypto…

‘Most Ambitious’ Blockchain Startup Since Ethereum Raises $15 Million

By CCN Markets: A blockchain project called Helium has raised $15 million in a round led by enthusiastic technology investors like Multicoin Capital and Google (via venture fund GV). Multicoin wrote a passionate blog post, praising the project as one of the most ambitious crypto ventures since Ethereum itself. Helium reportedly will bring reduced costs to deploying wireless networks, as Multicoin partner Tushar Jain explains:  “The Helium vision is the most ambitious we have seen in the blockchain space since the advent of smart contracts on Ethereum: Helium represents a…

Blockchain-Based Arm of Live Planet Acquires Former 20th Century Fox CTO

The former chief technology officer at 20th Century Fox Film Corporation, Hanno Basse, has joined Live Planet as the president of its Decentralized Media Solutions division, according to a press release on June 11. According to the report, Basse is expected to work on the division’s blockchain-based video infrastructure platform, the VideoCoin Network, as well as its virtual reality (VR) streaming and publishing services. Basse has contributed to a number of tech innovations that are now standard in modern media, such as HD, 3D, 4K-UHD Blu-ray Disc format, High Dynamic…

Major Hong Kong Property Firm to Seek Regulatory Approval for Tokenized Real Estate

Family-owned property firm Stan Group — which represents the assets of “shop king” real estate scion Tang Shing-bor — is set to meet with Hong Kong’s securities watchdog in January 2020 to seek approval for the sale of tokenized real estate assets. Hong Kong English-language newspaper South China Morning Post (SCMP) reported the news on June 12. Stan Group is reported to have a real estate portfolio estimated at over HK$50 billion ($6.38 billion). Against the backdrop of reportedly lacklustre sentiment in the local property market amid escalating trade tensions…

CCN Casts Doubt on Shutdown Plans as Google Appears to Correct Visibility

Cryptocurrency news outlet CCN.com (formerly CryptoCoinsNews) has U-turned on its abrupt decision to shut down, staff confirmed in an article on June 12. CCN, which on Monday published a warning that it would cease operations immediately over an ongoing Google indexing debacle, says it is still working to understand changes in its online visibility. As Cointelegraph reported, an update to Google’s algorithm allegedly produced an instantaneous 70% drop in traffic for CCN, with executives subsequently saying they had no choice but to abandon the project. Now, support from Google has…

FATF to Release New Rules for Global Crypto Sector, Impacting Exchanges, Funds, Custodians

On June 21, the Financial Action Task Force (FATF) will reportedly publish a note clarifying how participant nations should exercise oversight for the digital assets sector, according to FATF spokeswoman Alexandra Wijmenga-Daniel. The news was reported by Bloomberg on June 12. Per Bloomberg, the new rules will apply to a wide gamut of businesses dealing with cryptocurrencies and tokens — including crypto exchanges, custodians and crypto hedge funds. FATF is an intergovernmental organization established on the initiative of the G7 to promote the implementation of legal, regulatory and operational measures…

Enigma’s Ethereum-Based Private Smart Contract Testnet Goes Live

The testnet of private smart contract network Enigma has been launched, the developers announced in a Medium post published on June 11. Per the announcement, the test network, dubbed Discovery, allows developers to start developing their decentralized applications (DApps). Furthermore, contracts hosted on the Discovery testnet will reportedly be immediately deployed on the Ethereum (ETH) network once Enigma has been implemented on the mainnet. The newly launched network reportedly enables privacy for general computations, which enables DApp developers to create secure applications, according to the post. The author of the…

Germany Gains Blockchain Real Estate Fund From Investment Manager Peakside

European investment manager Peakside Capital Advisors has launched a real estate fund for the German market using blockchain technology, the company confirmed in a press release on June 12. The fund, which focuses on assets between €15 and €75 million ($17-$85 million), is a product of a partnership with German funds-as-a-service technology platform Brickblock. Bricklock operates ScalingFunds, an investment management platform that runs on blockchain. The startup tokenized its first property in March this year, as reported by Cointelegraph Deutsche. In today’s press release, Stefan Aumann, founding partner of Peakside,…

CEO of Major American VC Firm Digital Currency Group: Crypto Winter Is Ending

The crypto winter is likely to be ending, a senior executive at major American blockchain venture capital firm Digital Currency Group (DCG) said in an interview with Bloomberg Technology on June 11. Barry Silbert, DGG founder and CEO, outlined the cyclical nature of the ups and downs of major cryptocurrency bitcoin (BTC), which allegedly means that the recent surge of crypto prices would only continue. Silbert, who is known as a serial crypto investor, specifically pointed out that bitcoin’s price dynamics have been “quite a roller coaster,” with its price…

Bitcoin Briefly Breaks $8,000 as US Stock Market Sees Slight losses

Wednesday, June 12 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again after breaching it earlier today. Market visualization courtesy of Coin360 Bitcoin is currently up over 2% on the day, trading around $7,987 at press time, according to Coin360. Looking at its weekly chart, the coin is up nearly 4%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands…