Day: August 16, 2018

110-Year-Old UPS Eyes Blockchain to Streamline Delivery Logistics

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Century-old delivery giant United Parcel Service (UPS) believes that blockchain technology could help streamline package delivery logistics across a global supply chain. According to documents published by the US Patent & Trademark Office (USPTO) on Thursday, the Georgia-based UPS has applied for a patent that utilizes blockchain and distributed ledger technology (DLT) to route packages throughout an international supply chain that may include multiple carriers. The patent application, which UPS originally filed on Feb. 16, explains that while shipping logistics providers have become quite adept at optimizing package routing to…

Pantera Capital Seeks $175 Million for Third Crypto Venture Fund

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Crypto hedge fund Pantera Capital is seeking to raise $175 million for its third venture fund, a six-fold increase from its previous fund target, TechCrunch reports August 16. For Pantera’s debut fund in 2013, the firm had raised $13 million, rising to $25 million for its second. TechCrunch quotes Pantera partner Paul Veradittakit as noting the new target is a “function of how fast the space is moving, the talent coming in, the opportunities, and the sizing of rounds”: “With more interesting later-stage investments [on our radar], too, we want…

Union of European Football Associations Implements Blockchain-Based Ticketing System

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The Union of European Football Associations (UEFA) has successfully deployed a new ticketing system via mobile phones based on blockchain technology, according to an August 16 press release. After the “successful implementation” of the blockchain ticketing system for 50 percent of the tickets for the 2018 UEFA Europa League final in Lyon in May, the UEFA had decided to increase the technology’s reach “to all of the general public” in Estonia. The official UEFA announcement states that “100% of the match tickets” for the UEFA Super Cup soccer match between…

Crypto Daily News | $1 Trillion Worth of BTC Transferred & Coinbase News

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In today’s edition of Crypto Daily News, we’ll cover the updates of nearly one trillion dollars worth of Bitcoin (BTC) has already been traded in 2018 and Coinbase making steady progress in enhancing its platform. Crypto Daily News: August 16th, 2018 Almost One Trillion Dollars Worth of BTC According to Trustnodes, an estimated $830 billion worth of Bitcoin (BTC) has been traded so far this year. Coinmetrics composed the data and removed items that often mess with the price of Bitcoin, including “mixers, self-churn, privacy enhancements, spam, and change outputs.“ “From…

Bitcoin Price Intraday Analysis: BTCUSD Holding Gains

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After slipping to its intraday low around $6,217, Bitcoin recovered as much as 4 percent on Thursday. Comparing to the very recent price action, Bitcoin seems to have overstayed in the $6450-6500 area. In medium-term, the price is forming poles of bear pennants every other day. But, for now, it looks like Bitcoin is in the mood to hold its gains after all. The Asian trading session today has displayed a fair buying sentiment – just like yesterday – but the upside slowed down at the beginning of the European…

‘Soft’ Crypto ETF Alternative Now Geared Towards U.S. Investors, Says Bloomberg

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A Bitcoin (BTC)-based exchange traded note (ETN) listed on the Nasdaq Stockholm exchange is now being targeted towards U.S. investors, Bloomberg reports Wednesday, August 15. As many in the U.S. clamor to see a Bitcoin exchange-traded fund (ETF) approved by regulators, this so-called “soft” alternative has been trading on the Swedish exchange since 2015, but is now being quoted in dollars under the ticker CXBTF as of Wednesday. The product, dubbed Bitcoin Tracker One, is still technically listed and traded in Sweden, but many consider this latest move to be…

Project Uniting Creatives Via Reward-Based Payments Launches Alpha Version Platform

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Qravity, a project that facilitates the production and distribution of digital entertainment, has launched a demo version of its platform, which enables decentralized creative teams to collaborate on content production and earn royalties for their work. Their white paper describes how Qravity will “provide a space for creative visionaries to collectively develop monetizable digital content” such as films, video games, music and other media. A short explainer video summarizes Qravity features.  Using unique tokens and smart contracts on the Ethereum blockchain, producers or project founders can “track digital content creation,…

VeChain Price Explodes by 30% as Cryptocurrency Market Plots Recovery

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The vechain price (VET) exploded by 30 percent on Thursday, headlining a widespread recovery that raised the cryptocurrency market cap by more than $5 billion over the past 24 hours. The cryptocurrency, which serves as the native token of the smart contracts and supply chain management-focused VeChain blockchain, had traded below $0.008 during Thursday’s early morning hours but began to shoot upwards shortly after 7:00 UTC. By 8:00 UTC, vechain had crossed the $0.10 threshold, and the token ultimately rose as high as $0.012 during intraday trading before settling back…

Reasons Behind the Crypto Bear Market

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Crypto is notoriously a “tough neighbourhood,” as even evergreen Bitcoin bull Tom Lee has put it. After a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through the $6,000 support, pitiless bearish sentiment has been circling, with some accusing the top coin of being “exhibit A” in a “permanently impaired or even game‐over” market. While Bitcoin may have posted 2018 lows, Ethereum (ETH) also plummeted to an eleven-month low to trade at around $254, falling by as much as 20 percent on…

Crypto Market Recovers to $210 Billion, Tokens Surge as Ethereum Rises 4%

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In the past 24 hours, despite the strong downtrend of major cryptocurrencies, the crypto market demonstrated a quick recovery from this week’s losses. On August 14, as the BItcoin price dipped below the $6,000 mark, the valuation of the crypto market plummeted below the $200 billion mark. At its lowest point of this year, the valuation of the crypto market reached $194 billion, led by the poor performance of Ethereum, Ripple, and Bitcoin Cash. What Drove the Corrective Rally? On yesterday’s report, CCN emphasized that if the market does not…