July 20, 2018

Web 3.0 Will Evolve as Interoperability and Usability Improve

July 20, 2018 boss

This interview has been edited and condensed. Cointelegraph spoke recently with Dr. Jutta Steiner, the co-founder and CEO of Parity Technologies, about what originally drew her into the Ethereum (ETH) crowd and how she plans to bring more interoperability to blockchain. During the recent TechCrunch Ethereum Meetup in Zug, Switzerland, Steiner detailed how her background in math and science ties into her work with blockchain, as well as how the new Polkadot protocol could help usher in the web 3.0 era. Molly Jane: Could you begin by telling me a…

Huobi Strategic Partner HBUS Launches API for Large-Scale US Traders

July 20, 2018 boss

HBUS, the U.S. “strategic partner” of Chinese cryptocurrency exchange Huobi, confirmed the release of its API for “experienced traders” in some U.S. states, according to a press release shared with Cointelegraph. HBUS highlighted that the API was geared to high-volume users who required live pricing data and other tools. In addition to price tracking, the API will also offer historical price data, support for margin trade customization support, setting buy and sell limits, and retrieving trade history. Due to the difference in regulation across the U.S. HBUS noted that residents…

EOS Leads China’s Blockchain Rankings Again, Bitcoin Still Out of Top 15

July 20, 2018 boss

The Chinese government has released its third round of public blockchain rankings, and EOS — the fifth-largest cryptocurrency by total market cap — once again reigned supreme. EOS Tops China’s Blockchain Rankings for Second-Straight Month Those rankings, published by the state-backed China Electronic Information Industry Development (CCID) and released this week, evaluated public blockchain networks according to three metrics, roughly translated as technology, applicability, and innovation, which were then compiled into an overall index score. Though scoring below its peers on applicability (middle column), EOS led the rankings with an…

CoinMarketCap Rehauls Exchange Listings in Response to Controversies Over Skewed Volumes

July 20, 2018 boss

Crypto price tracker and exchange rankings site CoinMarketCap.com (CMC) is making major changes to its exchange listings method in light of concerns over skewed trade volume data, according to an official announcement July 19. As of July 16, the site has now removed the minimum volume requirements that it had been using to limit the number of exchanges listed on the site. According to CMC, this represents the first measure among others that will be phased in to address widespread concerns about the integrity of trade volume figures on exchanges.…

Stable Coins Keep Attracting Big-League Investors

July 20, 2018 boss

On July 17, IBM announced its involvement in a U.S. dollar-pegged stable coin project dubbed Stronghold. While the IT titan isn’t new to the world of crypto, stable coins have been attracting more mainstream players lately, and big league investments — from the likes of Andreessen Horowitz and Peter Thiel — have started pouring in. Here are the largest advancement made in this field in the past months, along with the reasons why it might have attracted such major investors. What are stable coins and why do we need them?…

Crypto Market Slightly Struggles After Mini Bull Run, Ripple Down 5%

July 20, 2018 boss

Subsequent to demonstrating a mini-rally on July 18, the crypto market has declined by $12 billion, triggered by a large drop in the value of tokens. Ripple’s Downtrend Since Wednesday, bitcoin, the most dominant cryptocurrency in the market, has performed relatively well against the US dollar. Its volume, which remained below $3.5 billion last week, has rebounded to $5.2 billion, and tripled on the global market’s largest crypto exchange Binance. As of July 20, the price of bitcoin remains above the $7,470 mark, down less than 1.5 percent from its…

World’s Number Four Telecoms Provider Files Blockchain Contract Storage Paten

July 20, 2018 boss

The world’s fourth-largest telecoms provider, Japan’s Nippon Telegraph and Telephone (NTT), has filed a patent for using blockchain tech for contract agreement, according to a U.S. Trademark and Patent Office (USPTO) release on July 19. NTT’s patent application writes that a problem with contracts on blockchain is that each transactions “contains only the electronic signature of the sender” as the “evidence of contract agreement by the receiver is not left in the transaction.” The patent suggests a “simple, possible way to solve this problem is to, for example, include the…

BitMEX CEO Pragmatic on Bitcoin Price Rise

July 20, 2018 boss

Arthur Hayes, CEO of crypto trading platform BitMEX, has suggested Bitcoin’s current bull run may give way to a price point of $5,000 before heading to $50,000 in 2018, CNBC reports July 19. Commentators have been scrabbling for explanations since Wednesday, July 17, when Bitcoin’s price jumped from $6700 to $7500 in under an hour. For Hayes, however, the behavior is all too familiar, siding with bearish short-term predictions from the likes of trading guru Tone Vays who previously forecast Bitcoin “bottoming” at around $4950. According to Hayes, whose platform…

Bitcoin Price Watch: Can BTC/USD Hold This?

July 20, 2018 boss

Key Points Bitcoin price is consolidating below a key resistance at $7,555 against the US Dollar. There is a connecting bullish trend line forming with support at $7,390 on the hourly chart of the BTC/USD pair (data feed from Kraken). A break below $7,380 could trigger a major downward correction towards $7,100. Bitcoin price is finding it hard to move past $7,555 and $7,575 against the US Dollar. BTC/USD must stay above $7,380 to avoid a downside reaction. Bitcoin Price Analysis Bitcoin price mostly traded in a range above near…