Day: August 13, 2018

Bitcoin.com CEO Roger Ver Eyes ICO as Token Issuance Protocol Comes to Bitcoin Cash

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Bitcoin.com CEO Roger Ver has hinted his publication may launch an ICO as he unveiled a new tool allowing developers to issue tokens on the Bitcoin Cash blockchain in a Bitcoin.com video August 11. Together with one of Bitcoin.com’s lead developers Corbin Fraser, Ver hinted in the video at that the advent of the Wormhole Cash protocol, which allows for token creation on Bitcoin Cash, would afford new possibilities. “For better or worse, ICOs and CryptoKitties are probably coming to Bitcoin Cash in the near future,” Fraser had said, to…

Microsoft’s Two New Patents Fuse Blockchain Tech With Trusted Computing Techniques

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Two new patents from Microsoft reveal that the tech giant is looking to bolster its blockchain solutions with the use of trusted execution environments (TEEs), according to two filings published by the U.S. Patent and Trademark Office (USPTO) August 9. Both applications outline how the use of TEEs could further improve security within a consortium blockchain network, which requires that specific nodes are endorsed to act as validator nodes (VNs) on the blockchain. As Microsoft’s first patent filing indicates, TEEs can help to improve the security of such networks in…

Bitcoin Price Hits 7-Month High Against Turkish Lira

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Bitcoin (BTC) jumped to seven-month highs against Turkey’s national currency, the lira (TRY), on Monday. The price spike comes after the U.S. imposed sanctions against Turkey on Friday for continuing to hold an American pastor in custody. The resultant economic shock-wave has seen the lira drop to a new lifetime low of 7.20 TRY against the U.S. dollar today, after already having dropped 27 percent last week. On a year-to-date basis, the lira is down more than 80 percent against the greenback. The crash in the lira looks very likely…

Bitcoin Price Creeps Toward $6,500 as Tether Issues $50 Million in New USDT

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The bitcoin price saw a slight bump on Monday, rising just under two percent to extend the market’s weekend recovery into the new week. After trading as low as $6,109 on Saturday, bitcoin is now priced at $6,458 on Bitfinex, which translates into a $111 billion market cap. BTC/USD | Bitfinex While there are many factors that impact bitcoin’s price movements, including unseen action on the over-the-counter (OTC) markets frequented by large-scale buyers and sellers, the weekend rally also correlated with a new issuance of USDT, the dollar-pegged “stablecoin” token…

China’s IT Ministry Makes Blockchain, Data Security Focus of One of Its Key Labs for 2018

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China’s Ministry of Industry and Information Technology (MIIT) has included a blockchain-dedicated laboratory on the list of its key labs for 2018, published August 13. According to the ministry’s post, the lab will be dedicated to harnessing blockchain for the data security industry and IT, and will be overseen by the National Industrial Information Security Development Research Center. Earlier this month, MIIT proposed a number of measures to accelerate blockchain adoption, saying it would enhance interaction with various localities and departments, and would build a robust industrial ecosystem to allow…

“Currencies Of The People” | Finance Author Kiyosaki Is Bullish On Crypto

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Bitcoin has recruited another influential bull in the form of Robert Kiyosaki — author of the famous financial self-help book Rich Dad, Poor Dad. Kiyosaki has declared Bitcoin and cryptocurrencies in general as the “currencies of the people” and has gone even one abrasive step further by referring to the US dollar as a scam. According to the famous author, cryptos will outlive fiat currency, of which “the dollar is toast”. Currencies Of The People Kiyosaki’s strong opinion was aired on a Sane Crypto Podcast hosted by Kim Hughes. He also took the…

Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability

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Mainstream media seized on the unravelling currency crisis in Turkey Monday, August 13, with Bloomberg publicizing a demonstration of Bitcoin’s (BTC) comparatively low volatility. Leading with the headline “Turkey Meltdown Propels Lira Volatility Above Bitcoin,” Bloomberg became the latest publication to reveal the full extent of the Turkish national currency’s devaluation this year. “The 10-day swings in the lira relative to the U.S. dollar now exceed those for Bitcoin amid Turkey’s escalating currency crisis,” Bloomberg reports. Turkey has seen an uptick in consumer interest in Bitcoin since the lira, which…

Bitcoin Price Move Past $6.5K Would Boost Upside Potential

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Against expectations, bitcoin (BTC) defended support at $6,000 over the weekend, opening the doors for a stronger corrective rally above $6,480. Friday’s drop below $6,240 (bear flag breakdown) had created room for a drop to the June low of $5,755. Further, BTC closed below Thursday’s low of $6,183 on Friday, signaling a continuation of the sell-off from the July 25 high of $8,507. However, while the odds were stacked in favor of the bears, a break below $6,000 did not materialize. But it was close: the leading cryptocurrency printed a…

IBM Files Patent for a Blockchain Database Management System

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Industry giant and proactive decentralized tech mover IBM has filed a patent for certain aspects of blockchain technology, a newly published document revealed. The patent for “Managing a Database Management System using a Blockchain Database” explains the IBM’s intention to build a reliable database tampering detection system (IDT-DS). The proposed system would detect inconsistencies in a set of data stored in a central database concerning a partial copy of the same data stored on a blockchain database. “Aspects of the disclosure include a method, system, and computer program product for managing a…

Bull or Bear? How SEC Actions Correlate With Market Prices

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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. Earlier this week, the cryptocurrency markets slumped: Bitcoin (BTC) lost its $6,500 support, and Ethereum (ETC) dropped well below the $400 mark (rates stand at $6,620 and $319 respectively by the press time). While it’s important to remember that on such a volatile and scarcely regulated market, news might affect the prices…