July 2018

Blockstack’s First Business App Wants to Help Employees Earn More Crypto

July 30, 2018 boss

If cryptocurrency is decentralizing the world of money, a new bitcoin wallet startup thinks it could also help decentralize the world of work. Revealed exclusively to CoinDesk, Misthos launched its multi-signature wallet Monday on top of Blockstack‘s decentralized application platform. One of the first enterprise products launched on Blockstack, the wallet is designed for project teams, investment partnerships and other ad hoc ventures to manage the divvying up of income (received as bitcoin) among their individual members. These organizations, which often form to carry out a specific objective before disbanding…

Korean Government Seeks to Strip Tax Perks From Crypto Exchanges

July 30, 2018 boss

Cryptocurrency exchanges in South Korea may soon lose eligibility for significant tax benefits currently granted to smaller companies. A proposed revision to the existing tax law, announced by the South Korean government on Monday, would exclude crypto exchanges from the category of startups or small and medium enterprises (SMEs) that can claim a tax cut of up to 100 percent, according to CoinDesk Korea. Under the existing tax law in the country, startups and SMEs are able to apply for a deduction of 50–100 percent of their income tax or…

Bitcoin Price Watch: BTC/USD Must Break $8,300 To Resume Uptrend

July 30, 2018 boss

Key Points Bitcoin price is holding an important support at $8,000 against the US Dollar. There is a significant bearish trend line in place with resistance at $8,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $8,300 barrier to resume its upward move above the $8,500 level. Bitcoin price is consolidating gains above $8,000 against the US Dollar. BTC/USD could trade to new a monthly high if it succeeds in settling above $8,300. Bitcoin Price Analysis After declining below the $8,000…

IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks

July 30, 2018 boss

Even private and permissioned blockchains need to build ecosystems and achieve network effects, just like their permissionless, public counterparts. At least, that’s the thinking behind LedgerConnect, a financial blockchain “app store” that aims to make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers, and for those vendors in turn to reach bank customers. Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM, and counts major banks Barclays and Citigroup among its founding members. In…

Cardano Price Analysis: ADA/USD Upsides Capped Near $0.1700

July 30, 2018 boss

Key Highlights ADA price declined further and traded below the $0.1620 support against the US Dollar (tethered). There is a crucial bearish trend line formed with resistance at $0.1680 on the hourly chart of the ADA/USD pair (data feed via Bittrex). The pair is under pressure and upsides will most likely be capped by the $0.1650 and $0.1680 levels. Cardano price is under pressure against the US Dollar and Bitcoin. ADA/USD could extend declines as long as it is below the $0.1700 level. Cardano Price Analysis In the last analysis,…

Ripple Price Analysis: XRP/USD Could Explode Soon?

July 30, 2018 boss

Key Highlights Ripple price is trading in a range above the $0.4300 support area against the US dollar. There is a short-term contracting triangle formed with resistance near $0.4560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could accelerate gains once it breaks the $0.4600 and $0.4700 resistance levels in the near term. Ripple price is briefly consolidating in a range against the US Dollar and Bitcoin. XRP/USD could explode once the current consolidation phase is over. Ripple Price Resistances During the past few…

Zcash Mining Hardware for 2018

July 30, 2018 boss

Zcash is a privacy coin that’s been on the market for a few years now. It uses a mining algorithm called Equihash. With an active developer and community, “shielded” (or private) transactions, and an appropriate fund for the founders, Zcash has been steadily developing, innovating, and appreciating in price. Zcash’s Equihash is currently only mineable by GPUs. In theory, it’s also mineable by CPUs. But you’ll probably use up your CPU’s power before you can make a dollar out of it, so I wouldn’t recommend that. Equihash has been used…

Bitcoin News Summary – May 14, 2018

July 30, 2018 boss

Here’s what happened this week in Bitcoin in 99 seconds. Bitcoin’s price came close to the key $10,000 level last weekend but failed to overcome it during this week. Late in the week, the price fell below $9,000, accompanied by negative news out of Asia. The rest of the crypto space also plunged reflexively, with most major coins declining twice or even three times as much as Bitcoin. South Korean prosecutors conducted a raid of the country’s largest Bitcoin exchange, UpBit. Hard drives and ledgers were seized as part of…

Bitcoin News Summary – May 21, 2018

July 30, 2018 boss

Here’s what happened this week in Bitcoin in 99 seconds. Here’s what happened this week in Bitcoin in 99 seconds. Consensus 2018 conference, held in New York, failed to trigger the anticipated Bitcoin price rally as it does each year. The turn out for the event was extremely overwhelming with almost 8500 people attending the conference. Here’s what happened this week in Bitcoin in 99 seconds. Speaking at Consensus, Blockstream’s Christian Becker said that as the lightning network matures, Bitcoin will be able to scale well beyond rival altcoins and even credit…