BTT Token Coming Soon | First Step in Supporting Decentralized Internet

On Thursday, January 3rd, BitTorrent, Inc. said that it plans to launch a crypto token, called the BitTorrent token (BTT). While many have done something similar, CEO Justin Sun described the BTT token as having a competitive edge. BTT Token Coming Soon According to Sun, the BTT token is “the first in a series of steps to support a decentralized internet.” For the most part, the BitTorrent token will be used to achieve quicker download speeds. It can be bought, sold, and traded. Speaking further on the matter, Sun said…

Bitcoin Price | Holding Steady Near $3,800, Corrections Across the Market

Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa. Bitcoin Price Disappointingly, the coin has failed to break back above the $4,000 mark that it fell below one month ago. It seemed like it might do that this week, as we saw several bursts. However, Bitcoin price remains steady as it holds firmly, and predominantly, between the $3,800-$3,900 price points.…

Blockchain Project Aims to Reform Traditional Lottery in Nigeria

On Dec. 13, Quanta Plc., owner of Quanta Technology Limited, a blockchain lottery operator, announced it had signed contracts to acquire a stake in International Lottery and Gaming Limited (ILGL). As Quanta reports, this is ”the world’s first deal to reform traditional lottery.” The companies say that Quanta’s blockchain-based lottery technology will help increase the transparency and fairness of Nigeria’s gaming market. Quanta claims to be “the world’s first fully licensed blockchain lottery.” The company started operations in 2015, and in 2017, received a license from the Isle of Man’s…

Huobi and OKEx to Support Upcoming Ethereum Constantinople Hard Fork

Leading cryptocurrency exchanges OKEx and Huobi Global will support the Ethereum (ETH) Constantinople hard fork which is estimated to happen between Jan. 14 and 18, according to a press release shared with Cointelegraph. The Constantinople hard fork is an upgrade, which is supposed to fundamentally change the Ethereum blockchain, with the synchronous nodes update to the entire system. The hard fork encloses separate Ethereum Improvement Proposals (EIPs) in order to soften the transition from proof-of-work (PoW) to the more energy efficient proof-of-stake (PoS) consensus algorithm. OKEx will reportedly take a…

Ethereum Core Devs to Move Forward With ASIC-Resistant PoW Algorithm

Ethereum (ETH) core developers have reached a tentative consensus to implement a new proof-of-work (PoW) algorithm that would decrease the divide in efficiency between ASIC and GPU mining on the network. The development was discussed in a meeting today, Jan. 4. During the meeting, developer Hudson Jameson noted he had heard “very little dissent” to implementing  “ProgPoW,” which has so far been trialed via client implementations running on the “Gangnam” testnet. As previously reported, a testnet is essentially a simulated version of the primary network that allows developers to try…

EOS and Ethereum (ETH) Update, is 2019 Their Year?

Today, we’re taking a closer look at EOS and Ethereum (ETH). The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a nosedive in January of 2017 and continued to slide all year. In mid-April and early-May, the market began to correct and saw consistent strong gains, only to correct and downslide again.  EOS EOS remains the…

Pixel-by-Pixel, New Project Offers Game Where Crypto Players Can Create Blockchain Art

A new project is gearing up to be the “first arts and games smart economy on the EOS blockchain” — offering games and giving artists the chance to showcase their creative works and monetize their passion. PixEOS says that the first game on its platform offers a new twist on the pixel-drawing titles previously seen on the EOS blockchain. Offering a 1 million pixel canvas, PixEOS Paint offers a profit-sharing system where players can paint pixels over one another and create a collaborative art piece. At the conclusion of every…

Coinbase CEO Champions Top Coin on Its 10th Birthday

Brian Armstrong, founder and CEO of United States cryptocurrency exchange Coinbase, has confessed that “Bitcoin is my first love” in a series of tweets commemorating the coin’s 10th birthday, Jan. 3. Summing up a thread in which he explained how he entered the industry and built one of its most successful firms, Armstrong wrote: “Bitcoin is one of the most important inventions of all time and has launched a global movement. It’s awesome to see an entire ecosystem spring up around it, but Bitcoin is my first love.” Armstrong pointed…

Coinbase Exec Joins Stablecoin Issuer TrueUSD as Head of Compliance

A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4. Vaishali Mehta, whose LinkedIn profile indicates she served just over a year as senior compliance manager at the major San Francisco-based exchange, reportedly joined TrustToken in December 2018. Trust Token is the issuer of TrueUSD (TUSD), which has been listed on top crypto exchange Binance as of last May. The listing makes it a relatively early entrant amid…

Crypto Markets See Mild Downturn, Bitcoin Holds Near $3,800

Friday, Jan. 4 — after crypto markets tipped back into red yesterday, most cryptocurrencies are today seeing some further corrections. All of the top twenty coins by market cap are seeing tempered losses on the day, as data from CoinMarketCap shows. Top cryptocurrency Bitcoin (BTC), a day after the tenth anniversary of its genesis block, is down over 2 percent over the 24 hours to press time, and is currently trading around $3,798. The coin has failed to break back above the $4,000 price point, despite several bursts of growth over…