Day: August 25, 2018

The Weirdest Prediction Markets on Augur Right Now

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Do you believe in God? Would you put your cryptocurrency holdings on it? Augur, an ethereum-based platform for betting on the outcome of real-world events, aims to be a repository of crowd-sourced knowledge for journalists, investors and policymakers, as well as an effective tool for hedging against adverse outcomes. But it’s also become one other thing: a hilarious place to troll. Forums for questioning a higher power are just one of many markets that currently exist on the decentralized prediction market, developed by the non-profit Forecast Foundation and funded with one of…

ShapeShift CEO: Bitcoin Bear Market Isn’t Over Yet, But Accumulate Now

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Investors recently breathed a sigh of relief, as Bitcoin staved off a move under the ever so important $5,800 support level. And while some presume that the bear market may be breathing its last breaths, some pessimists believe that the worst has yet to come for this early-stage market. Erik Voorhees: Bitcoin Could Fall To As Low As $4,750 As with any market, there are bulls and bears. Erik Voorhees of Shapeshift, an instant crypto-to-crypto exchange, seems to fall into the latter category, recently speaking with Ran Neuner on CNBC Africa’s…

Cryptocurrency markets in the green after the SEC announcement

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The cryptocurrency markets experienced an upswing following an announcement from the United States Securities and Exchange Commission that they will review their August 22 decision to reject nine applications from listing Bitcoin (BTC) ETFs. The upswing resulted in a wave of green with digital currencies experiencing massive gains in the last 24 hours. On August 22, the U.S SEC rejected 9 proposals for new bitcoin exchange-traded funds (ETFs), but the news did not affect the markets as was expected. Moreover, the SEC announced that they will review their decision on…

IOTA Foundation and Fujitsu Tangle Up in Manufacturing Auditing Project

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IOTA Foundation and Fujitsu Tangle Up in Manufacturing Auditing Project August 25, 2018 by Ian Edwards The IOTA Foundation and Japanese tech giant Fujitsu have partnered up for a proof-of-concept for a manufacturing auditing process. It’s another small piece of good news for IOTA, which has seen the price of its token drop dramatically in 2018. Also read: CoinMarketCap Partners with Vela to Integrate Crypto Price Data Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Immutable Data Storage for Production Processes A tweet was put out by…

Revolut launches new metal debit card that gives cashback in cryptocurrency

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The new card from the digital banking alternative gives 1% cashback on all transactions made outside of Europe, 0.1% on those made within Europe. Revolut Metal customers will be able to receive the cashback in any of the bank’s 25 supported fiat currencies or five cryptocurrencies, including Bitcoin. The digital banking alternative currently serves more than 100,000 customers in Ireland, with 40% using Revolut as their primary spending card at home and abroad. Earlier this year, Revolut raised $250m (€205m) in funding, increasing its value five-fold to $1.7bn in less…

Report: Global blockchain business valuation can reach 2 Trillion USD by 2030 according to IHS Markit

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While still nascent today, blockchain business value, which refers to the cost savings and efficiencies that could be realised by incorporating blockchain into corporate business strategies, is projected to increase from $2.5 billion (€2.16 billion)in 2017 to $2.0 trillion (€1.73 trillion) in 2030, according to IHS Markit, a world provider in critical information, analytics and solutions. “Early adopters of blockchain have mostly been companies in the financial services industry, which use it mainly in payments-related solutions,” said Don Tait, senior blockchain analyst, IHS Markit. “However, the technology is poised to ripple through virtually…

New York District Judge Rules That CFTC Can Permanently Ban Crypto Firm

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The U.S. Commodities Futures Trading Commission (CFTC) has won a court order to permanently bar the operator of the New York-based firm CabbageTech Corp. for cryptocurrency-related “bold and vicious fraud,” Bloomberg reported August 24. Earlier this year, Patrick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was charged with “fraud and misappropriation in connection with purchases and trading of Bitcoin (BTC) and Litecoin (LTC).” McDonnell subsequently argued that the CFTC did not have the authority to regulate his commercial operations; however, New York district judge Jack B. Weinstein rejected his…

US Customs and Border Protection to Test Blockchain Shipment Tracking System

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One of the largest law enforcement agencies in the U.S., Customs and Border Protection (CBP), will launch a live test of a blockchain-based shipment tracking system, tech news and media agency GSN reports August 24. In the upcoming test, the CBP will reportedly combine two separate systems: the CPB’s legacy application and a blockchain-powered platform developed by the agency’s parent body — and the country’s primary border control organization — the Department of Homeland Security (DHS). The test results will determine how the distributed ledger technology (DLT) is able to…

Litecoin (LTC) Technical Analysis: Litecoin Mass Adoption a Priority, Not Price

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Superseding everything else is mass adoption and that is what Litecoin figure heads and Foundation is pushing for. Currently price isn’t center stage, coin demand is and for obvious reasons: the later precedes value. While we might see short term recoveries edging prices towards $70, our break out levels, news of adoption break through or announcement of strategic partnerships aside from CoinBase efforts might ignite a wave of loss reversals with first targets at $110, the upper limit of our former trade range. From the News Whether Litecoin is undervalued…

China is now cracking down on cryptocurrency news media outlets

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In an ongoing campaign to tamp down the growth of once-flourishing cryptocurrencies it sees as a threat, the Chinese government has ordered more than a half dozen online news outlets to shut down and banned physical venues from hosting crypto-related events. On Tuesday, eight blockchain and cryptocurrency-focused media outlets were banned on WeChat, China’s most influential instant communication and mobile payment app, for allegedly violating new government regulations forbidding the publishing of information related to initial coin offerings (ICOs) or cryptocurrency trading speculation. Last week, Beijing’s central Chaoyang district authority also…