Interview with the Developer Who Created the Blockchain Game “Contract Servant”

Junji Oshita president and CEO of AXEL MARK Inc & Developer of the blockchain game “CONTRACT SERVANT – CARD GAME-” Kazuyuki Tanaka was interviewed by Yuki Haraguchi from Coinpost. I interviewed Junji Oshita, president and CEO of AXEL MARK Inc., developer of the blockchain game “CONTRACT SERVANT – CARD GAME-” and Kazuyuki Tanaka, game producer, to find out why they launched a business in the blockchain game industry, their challenges, and future prospects. AXEL MARK Inc. was listed on TSE Mothers in 2008. It plans, develops, and operates smartphone games,…

Don’t Long Bitcoin Now Says Investor as Miner Capitulation Reaches Day 27

The bitcoin price has fallen by 50 percent since July from $13,900 to sub-$6,900. The steep drop caused mining to be less profitable, causing small miners to sell-off. Bad idea to long dropping bitcoin hashrate During miner capitulation, small miners and mining centers tend to sell-off their holdings to cope with declining market sentiment. Large miners have bigger capital and long-term commitments. As such, the capitulation often only impacts minor miners. Still, Charles Edwards, head of digital asset management at Capriole, said that it is a bad idea to long…

HitBTC Scammers Face Two Years in Jail for $140K Bitcoin Twitter Fraud

Two Canadian men who defrauded a Bitcoin (BTC) investor out of $140,000 by impersonating exchange HitBTC may serve two years in prison. According to court records on Dec. 16, brothers Jagroop Singh Khatkar and Karanjit Singh Khatkhar pled guilty to charges of conspiracy to commit wire fraud over a scam carried out via Twitter in July 2018. HitBTC victim: “I feel sorry for them” The case originally came to light in July this year, as per documents filed with the United States District Court in Portland, Oregon. Posing as the…

Ripple (XRP) Landslide To Continue: ETH Down 6%, BTC Breaks $7K

Ripple price is down close to 6% and it broke the $0.2050 support area against the US dollar. The price is likely to continue lower below $0.2000 and $0.1980 in the near term. Earlier, there was a break below a couple of bearish continuation patterns with support near $0.2120 and $0.2050 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is also down more than 6% and it is now trading near the $130 support. Ripple price is declining heavily against the US Dollar and bitcoin.…

Ethereum (ETH) Nosedives To Final Bearish Target, Can It Recover?

Ethereum is down more than 6% and it broke the key $140 support area against the US Dollar. The price tested the final bearish target near the $132 and $130 levels. There is a short term contracting triangle forming with resistance near $133 on the hourly chart of ETH/USD (data feed via Kraken). The price could correct higher, but it is likely to face sellers near $136 or $138. Ethereum price is diving below key supports versus the US Dollar and bitcoin. ETH price could continue to move down towards…

MetaCartel Launches DAO Venture Fund

Venture capital is the latest industry to get a taste of decentralized governance. Peter Yuan Pan announced the launch of MetaCartel Ventures, a decentralized autonomous organization that will invest in the Ethereum ecosystem. DAO as a Community of Investors In true crypto spirit, the MetaCartel community is difficult to trace. What began as a project focused on meta transaction technologies within the blockchain space has now evolved into a funding engine for Ethereum-based dApps. These first steps manifested in the first fork of another DAO experiment called Moloch DAO. Both…

ETC Labs Core Rebrands to ETC Core to Clarify Difference With ETC Labs

Blockchain developers organization Ethereum Classic (ETC) Labs Core (ETC Labs Core) has rebranded to ETC Core. In a Dec. 15 blog post, ETC Core technology coordinator Stevan Lohja announced that ETC Labs Core had been rebranded to ETC Core. Lohja stipulated that this rebranding will assist the company to differentiate itself from ETC Labs, one of the first incubators that supported innovative projects on the Ethereum Classic blockchain. Lohja also introduced the Ethereum Classic development team ETC Labs Core at the beginning of 2019. Since that time, the ETC Core…

Int’l Regulator Basel Committee Calls for Prudent Rules for Crypto

Global banking regulator Basel Committee on Banking Supervision (BCBS) calls for a conservative prudential treatment framework for crypto assets. The Basel Committee — which includes banking regulators from the United States, Europe and Japan — published its report on the prudential treatment of crypto assets. The study was first announced in November, as Cointelegraph reported at the time. In the document, the regulator claims that the growth of cryptocurrencies and related services can negatively affect financial stability and increase the risks faced by banks. The report reads: “Crypto-assets are an…

Former Binance Head of Trading Joins CoinFlex As Chief Strategy Officer

Leslie Tam, former head of trading at major cryptocurrency exchange Binance, has joined cryptocurrency derivatives exchange CoinFlex as its new chief strategy officer. On Dec. 16, the Block reported that former Binance executive Leslie Tam is looking to expand his professional horizons at cryptocurrency exchange CoinFlex, where he will explore new possibilities for the company to expand its services.  Leslie Tam previously oversaw the over-the-counter (OTC) trading operations for Binance, one of the world’s largest cryptocurrency exchanges, where he held an executive position as lead of the VIP coverage and…

Is Crypto Exchange ErisX Planning Launch of Futures Trading Tomorrow?

Chicago-based crypto exchange ErisX has notified its members and participants that it will start trading futures digital currency products in a strangely low-key announcement. On Dec. 16, ErisX reached out to its members, informing them of its intent to start trading crypto futures tomorrow, Tuesday, Dec. 17. The notice is strange, considering that it appeared without the fanfare one would expect of the launch of such a major product, leaving doubt only magnified by the history of the exchange, as well as rival LedgerX. In July, the TD Ameritrade-backed crypto…