Day: July 23, 2018

126-Year-Old General Electric (GE) Invests in Blockchain Cybersecurity Startup

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The venture capital arm of industrial conglomerate General Electric (GE) is one of the participants in a $12 million Series A fundraising round for Xage, a cybersecurity startup. The firm uses blockchain technology in securely linking industrial Internet of Things (IoT) devices. Other investors in the fundraising round, which is being led by March Capital Partners, are City Light Capital and NexStar Partners. Prior to the ongoing fundraising round, the valuation of Xage stood at around $35 million. The fundraising round comes at a time when there is an increasing…

Seven Stars Cloud Partners with China VC Research Institute to Expand Tokenized Assets

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Seven Stars Cloud Group, Inc. (SSC), a global fintech firm focused on blockchain and AI-powered digital asset management, has partnered with the China Venture Capital Research Institute (CVCRI), according to a press release published July 23. The partnership will purportedly help SCC extend its to extend its asset digitization services. The new partnership will enable SSC to create a fully-compliant digital asset ecosystem, with “blockchain-enabled fractionalization, securitization and tokenization, and distribution and trading services through banks and security broker dealer networks in China, [and] the ability to extend sales and…

Encrypted Email Service ProtonMail Confirms Potential ICO, Calls It ‘Not a Cash-Out’

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Encrypted email service ProtonMail is “considering” launching an Initial Coin Offering (ICO), the company’s CTO Bart Butler confirmed to Cointelegraph in a statement today, July 23. Butler also wrote on Twitter today –– in response to commentators mostly negative speculation about the company running an ICO based on a job listing –– that the company is “exploring issuing a token as an alternative to traditional VC funding.” The service’s potential crypto token is evidently to be dubbed “ProtonCoin,” according to what appears to be the project’s official site, which was…

Crypto Community Responds to Mastercard Outage

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Crypto community responds to Mastercard outage: Global payment giant Mastercard suffered a huge outage last week that led to a substantial hold-up in users’ transactions. Mastercard down – users report card payments failing due to glitch https://t.co/UxaCec5vhQ pic.twitter.com/XsSlIlqaLQ — Frédérique FP (@Frederique_FP) July 16, 2018 First reported by the Financial Times on July 12th, the outage had a global impact that sparked major complaints from consumers. Mastercard suffered outages across the US and most of Europe. Some issues? We were unable to get our rental car and now we’re losing half…

Bitcoin Builds on Recent Gains, Pushing $7,750 While Major Altcoins See Losses

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July 23: Following a major upswing that kicked off on July 16, Bitcoin (BTC)’s price performance has diverged from other top cryptocurrencies. As Coin360 data shows, the top coin continues to build on its recent gains, while most major alts are struggling to maintain positive momentum. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,740, up 3.17 percent over the 24 hour period at press time. The leading cryptocurrency has been gradually inching towards an ever higher price point all week, consolidating growth following sharp spikes on both July…

Bitcoin Price Set for Major Bullish Breakout: Traders

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According to sources who are analysing the current situation regarding the bitcoin price consistently, it appears that the cryptocurrency may be in line for a major breakout. An analysis from Telegram groups and recent comments on Discord channels have also appeared to confirm this sentiment. BTC/USD | Bitstamp | Source: BitcoinWisdom Bitcoin has officially made a higher high on the daily, testing a big resistance at $7,800 (inverted head and shoulders target) and testing the mid-term downtrend line. The top line has now broken and one can expect a big…

Chinese City of Nanjing Launches $1.5 Billion Fund for Local Blockchain Projects

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Nanjing, the capital of China‘s Jiangsu province, has launched a 10 billion yuan ($1.48 billion) investment fund for blockchain development, ZDNet reports July 23. Nanjing unveiled the major new fund at the inaugural Industrial Public Chain Summit (IPCS), together with the Zhongguancun Blockchain Industry Alliance –– a Beijing-based alliance of enterprises and government research institutes. Among the high-level regional government officials reportedly in attendance at ICPS was the deputy secretary of the Communist Party of China in Nanjing, Luo Qun. Oh Kap-soo, chairman of the South Korean government-backed research institute…

US Chamber of Commerce Calls for Clarity on ICOs

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The U.S. Chamber of Commerce is interested in initial coin offerings as a way for companies to tap capital – but only if they’re regulated, that is. The influential business lobbying group launched its FinTech Innovation Initiative last Wednesday, highlighting development in cryptocurrencies and token sales as one of its eight “FinTech principles” aimed at “bridging the gap between technology and [Washington] D.C.” The organization specifically called for increased guidance on token sales, including how to determine whether a token is a security “so companies can have more predictability and…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRON: Price Analysis, July 23

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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. Why are the altcoins falling even as Bitcoin is finally on the rise? After an extended decline, the bottom fishers are usually the buy leaders. This is the first indication that a change in trend is around the corner. For the past few…

Bitcoin’s Portion of Total Crypto Market Cap Hits Highest Level Since December

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Bitcoin’s (BTC) dominance by market capitalization in the total crypto market posted its highest level in 2018 July 23, passing 46 percent for the first time. According to data from CoinMarketCap, Bitcoin dominance — defined as the percentage of the total market cap of all cryptocurrencies that is Bitcoin’s market cap — currently constitutes 46.5 percent, a level last seen on December 22, 2017. At the time, Bitcoin was trading just below all-time highs around $20,000 per coin. Percentage of total market cap (dominance) from CoinMarketCap The move comes as…