UK Telecoms Regulator Receives Grant to Deploy Blockchain for Telephone Number Management

The United Kingdom (U.K.) Office of Communications (Ofcom) has received a £700,000 ($916,00) grant from the Department of Business, Energy and Industrial Strategy (BEIS) to explore blockchain technology, according to an announcement published Oct. 8. The grant will purportedly help the U.K. telecoms regulator examine how blockchain can improve the management of landline telephone numbers. Established in 2016, the BEIS is a government department supported by 46 agencies and public bodies and responsible for business, industrial strategy, science, innovation, and energy and climate change policy. Per the announcement, Ofcom is…

Ukrainian Ministry of Finance Creates Working Group to Develop Crypto Taxation

The Ukrainian Ministry of Finance is creating a working group to discuss and develop a legal framework for crypto taxation, according to an Oct. 8 announcement on the ministry’s official website. The group will start its work beginning Oct.16 to identify crypto-related tax regulation options within the existing legal framework. The group of experts will also identify possible instances in which new or revised legislation is necessary. The findings of the group will be presented to the Expert Council for the preparation of common tax consultations by the end of…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 8

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The total trade volume of the crypto market has plummeted. This shows that the current owners are not willing to sell at the current prices. At the same time, the potential investors who are sitting on the sidelines don’t believe that it’s the…

Binance, a16z-Backed Oasis Labs Launches Blockchain Startup Hub

Blockchain cloud computing platform Oasis Labs announced a partnership with major names in crypto and venture capital to launch a blockchain tech hub called the Oasis Startup Hub, the firm announced at San Francisco Blockchain Week October 8. According to the company’s press release, the Oasis Startup Hub aims to create an ecosystem for blockchain developers, investors, technologists, and industry key-players to collaborate, as well as technical support from Oasis Labs engineers, and “early access” to Oasis latest technology disruptions. The new blockchain hub’s high-profile partners include Andreessen Horowitz’s crypto…

Crypto Markets Finally See Wave of Modest Growth After Period of Relative Stability

Monday, Oct. 8: markets have taken a near-unanimous upturn, even as onlookers have been pointing to a period of uncharacteristically stable price action in the crypto sphere. Virtually all the top 100 cryptocurrencies are seeing solid growth on the day, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has seen a relatively strong boost, by press time growing almost 2 percent on the day to trade solidly above the $6,600 mark at $6,664. The breakthrough to a higher price point comes after several days of sideways trading,…

CNBC’s Ran Neuner Says ‘Bitcoin Is About to Explode,’ Points to Pending ETF Decision

Crypto analyst and host of CNBC’s show Cryptotrader Ran Neuner has claimed that the price of Bitcoin (BTC) is “about to explode” in a recent tweet October 7. Neuner expressed his utmost confidence in an upcoming surge in Bitcoin’s price by noting “I just bought Bitcoin for my parents” in the same tweet. A notable rally would likely be tied to the U.S. Security and Exchange Commission’s (SEC) highly-anticipated upcoming decision on several Bitcoin Exchange-Traded Fund (ETF) applications, the trader claimed in another tweet posted the same day. Explaining his…

BTC/USD between Breakout and Bull Trap

The Bitcoin-to-Dollar exchange rate on Monday surged 2 percent against the US Dollar from 6590-fiat to 6729-fiat on bottom formation sentiment and increased institutional investments. The Bitcoin had a steady week, rising and dropping within a specific range with its trend facing upward. Many believe the digital currency has found its bottom and a massive investment from David Swensen, a prominent investor, made recently into two crypto funds have authenticated the speculation. It could be a reason Bitcoin is rejecting bears. The price yesterday almost formed a Doji on its…

IBM Launches Blockchain Food Tracking Network, Joined by Retail Giant Carrefour

U.S. tech giant IBM has officially launched its blockchain-based food tracking network, Food Trust, after 18 months of testing, the company revealed in a press-release Monday, October 8. In the same announcement, the corporation revealed that another major food retailer Carrefour is joining their ecosystem. The France-based company that operates more than 12 thousands stores in 33 countries will first test blockchain on their own stores. As IBM’s press release reports, by 2022 Carrefour is planning to expand blockchain to all of its brands around the world. IBM Food Trust…

After Record High stability, is Bitcoin Finally Ready to Bounce?

On October 8, Bitcoin achieved a 17-month low volatility. Experts have stated that the cryptocurrency market is maturing as more funds from the traditional finance sector flow into the market. Although the volume of Bitcoin still remains at around $2 billion on CoinCap.io and $3.3 billion on Coinmarketcap, the dominant cryptocurrency has recorded a slight increase in price to $6,600, allowing tokens like Tron (TRX) and 0x (ZRX) to surge by 14 to 18 percent. 17-Month Low Volatility of Bitcoin, Legs Building According to Mike McGlone, Bloomberg Intelligence commodity strategist,…

United Arab Emirates to Allow ICOs as Corporate Funding Option

The United Arab Emirates (U.A.E.) has announced plans to introduce new rules that would permit initial coin offerings (ICOs) as a fundraising method for domestic companies. Intended for introduction in 2019, the new rules would allow firms to raise capital via crypto token sales as an alternative to traditional methods such as IPOs, according to a Reuters report published Monday. The news was revealed by the head of the U.A.E.’s securities watchdog, Obaid Saif al-Zaabi, who said at a seminar today: “The board of the Emirates Securities & Commodities Authority has approved…