First Blockchain Smartphones Appear on the Market: Sirin Labs’ Finney Unboxed

After months of expectation and one of the top-five biggest ICOs of 2017, on Nov. 29 Sirin Labs has launched Finney, the ‘world’s first’ blockchain smartphone. Yet, even with the endorsement of football legend Lionel Messi and a $157.8 million token sale behind it, the $999 device has stepped into uncharted territory, where its built-in cold storage wallet and DApp ecosystem will have to contend with the dominance of Apple and Samsung — as well as the Exodus 1, a rival blockchain smartphone from HTC. Features Most of Finney’s key…

Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed

The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at press time. The pair is almost completing the formation of an inverse head and shoulder pattern. Its neckline appears more like a near-term falling trendline, capping the strong upside movements lately. The latest jump in BTC/USD has affirmed what bulls are attempting to break at this point. Breaking above the neckline level sets up a run towards 4500-fiat. The resistance level is…

Lack of Momentum Leads Crypto to Drop

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Over the past 24 hours, the Bitcoin price has dropped by more than five percent from $4,265 to $4,030, demonstrating a decline in daily volume. On fiat-to-cryptocurrency trading platforms like Coinbase and Bitstamp, the dominant cryptocurrency was dangerously close to dipping below the $4,000 support level. A drop below the $4,000 mark could disallow a short-term corrective rally to the mid-$4,000 region in the short-term, several analysts said. $4,000…

Japan’s Financial Regulator to Introduce New ICO Regulations

Japan’s financial regulator is set to introduce new Initial Coin Offering (ICO) regulations to protect investors from fraud, local news outlet Jiji Press reported Dec. 1. According to “informed” sources cited by Jiji, business operators conducting ICOs will be required to register with Japan’s Financial Services Agency (FSA). The agency is reportedly planning to submit bills revising financial instruments, exchanges and payment services laws to the ordinary parliamentary session that starts in January. This action has been undertaken “in view of a number of possibly fraudulent ICO cases abroad” as…

Former Ernst & Young Analyst Disillusioned by the Blockchain

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. A recent article in Barron’s describes Angus Champion de Crespigny, who spent ten years at professional services firm Ernst and Young and led the blockchain financial services division for years and was the subject of the article entitled “This Blockchain Believer Turned Heretic Is Still Bullish On Bitcoin,” as a “major skeptic.” Champion de Crespigny describes himself as an “experienced executive with 11 years in financial services, evangelist for bitcoin…

Crypto Custody? State Street Is Waiting on a Client Shift, Exec Says

State Street, one the largest institutional custodians on the planet, said there is no sense of urgency – at the moment, at least – from clients for the firm to move into safeguarding crypto assets. Speaking at the American Banker BlockFS conference in New York on Thursday, Jay Biancamano, State Street’s managing director for digital product development and innovation, acknowledged there is “a high level of interest”, however. “There is no sense of urgency on the part of our clients to move into these assets right now. When they do, we…

November Rout Leaves Crypto Prices Drowning in Sea of Red

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. It was not just the trees that shed their red leaves this November. The autumn was doing its job in the cryptocurrency market, too. The industry lost close to $70 billion worth of market capitalization this month, according to CoinMarketCap.com. Bitcoin, the world’s largest cryptocurrency, established an aggregated low at $3,606 after dropping from its monthly high at $6,540. That marks a 44.8% drop between the month’s peak and…

Huawei Cloud Announces Global Launch of its Blockchain Services

CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Huawei Cloud, the cloud services arm of Huawei Global, has announced the launch of its Blockchain Service (BCS), according to an official press release. The BCS was launched for commercial use in China earlier this year, and it is now available to a global audience on Huawei Cloud’s international website. The service allows global entrepreneurs and developers to create, deploy and manage blockchain applications on Huawei Cloud, at a…

Bitcoin Price Weekly Analysis: BTC/USD Remains In Downtrend Below $4,500

Key Points Bitcoin price recovered recently and traded above the $4,000 and $4,200 levels against the US Dollar. There is a key bearish trend line formed with resistance at $4,320 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle to break the $4,320, $4,400, $4,500 and $4,590 resistance levels. Bitcoin price is slowly recovering above $4,000 against the US Dollar. However, BTC/USD remains in a downtrend as long as it is below the $4,500 resistance. Bitcoin Price Analysis This past week,…

Ethereum Price Weekly Analysis: ETH/USD Facing Uphill Task Below $140

Key Highlights ETH price formed a decent support near $98 and recovered recently against the US Dollar. There is a major bearish trend line formed with resistance at $117 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to face a lot of hurdles near $117, $120, $$132 and $139 in the near term. Ethereum price remains in a bearish zone versus the US Dollar and Bitcoin. ETH/USD must clear the $117 and the $132 resistance to climb towards $165. Ethereum Price Analysis After a…