Day: August 26, 2018

John McAfee & Ethereum (ETH) Founder Vitalik Buterin Atop 5 Most Famous Crypto Personalities

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The fact that cryptocurrency has become a “phenomenon that the famous personalities of the crypto sphere are almost at par with the popularity of Hollywood stars” has made an exchange release the list of 5 Most Famous Crypto Personalities. This time, Bithemoth Exchange, who published the ranking placed John McAfee atop several famous crypto personalities. John McAfee, the creator of the first anti-virus- McAfee Antivirus, joined the crypto community and rose to the point of being a notable influencer. Bithemoth said about him: “His tweets are not only influential but…

Bitcoin Price Intraday Analysis: BTCUSD Closing Towards $7,000

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Bitcoin price today consolidated sideways within a strict range, never indicating a breakout optimism. At the beginning of the Asian trading session, the BTC/USD has slumped by 3.5 percent only to settle the mid-session inside an oversold area. The pair attempted a weak bullish recovery as the day matured, and rose as much as 2.8 percent by the beginning of the European session. We are now looking at a low volume market, showing no interim bias as the US session begins. In medium-term, we are in a bullish zone, targetting…

The Bahamas Establishes a Blockchain Credentials System in Latin America/Caribbean First

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Bahamian job seekers will now be able to share and verify their educational certificates from anywhere, thus reducing bureaucracy and enhancing convenience. This is after the Commonwealth of the Bahamas became the first country in Latin America and the Caribbean region to implement a blockchain-based nation-wide credentialing system known as Bahamas Blockcerts, according to The Nassau Guardian. Through these nationally-accredited digital certificates, the government of the Caribbean country aims to enhance how national educational qualifications including certificates, academic degrees and diplomas are created, issued, viewed and verified. #TheBahamas has issued…

Here’s why Ripple has potential to be the best performing cryptocurrency of the year

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2018 has been a successful year for the digital currency in terms of adoption and a number of positive developments. As such, Ripple has potential to become one of the best performing digital currencies. These view has been echoed by the platform’s CEO, Brad Garlinghouse who believes that more institutional investors are on their way. Ripple (XRP) has lost 90% of its value from its all-time high. The coin’s price currently holds a critical support at $0.24001, and it may spend some time in a base pattern before finally moving…

IT Giant NTT Data, Ministry of Economy Announce Blockchain-Based Platform for Trade

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Japan’s New Energy and Industrial Technology Development Organization (NEDO) is working on a blockchain-based data sharing system for the trade industry, Cointelegraph Japan reported Thursday, August 23. The NEDO, Japan’s largest public management organization that promotes research and deployment of industrial and energy technologies, is reportedly developing a blockchain-powered project to streamline the infrastructure for trade information sharing. The organization is operating under the instructions of its parent body, the Ministry of Economy, Trade and Industry (METI). The project, dubbed “Development of Infrastructures for Creating New Industrial Models Taking Advantage…

ICON, and WanChain Record Massive Gains Despite Low Bitcoin Volume

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Tokens have recorded massive 20 to 40 percent gains on August 26 while major cryptocurrencies like Bitcoin and Ethereum maintained their low price range. Bitcoin has remained relatively stable in the $6,700 region in the past 24 hours as Ethereum, Bitcoin Cash, Ripple, EOS, and Stellar all recorded slight losses in the range of 0.5 to 1.5 percent. Unexpectedly, the price of ICON, Ontology, WanChain, Nano, WaltonChain, and Aion surged against both Bitcoin and USD. Against Bitcoin, Nano, Dent, and ICON recorded 33.5 percent, 33 percent, and 20 percent gains…

Venezuela’s Central Bank Launches Android App to Convert Bolivars to Petro-Pegged Currency

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The Banco Central de Venezuela, Venezuela’s central bank, has recently launched an Android app to help the country’s residents convert the country’s old fiat currency, the bolivar, to the new Petro-pegged Bolivar Soberano – the Sovereign Bolivar. The app, first spotted by Bloomberg, is called “Calculadora Soberana” (Sovereign Calculator) and doesn’t do particularly complex math, as it pretty much takes five zeros away from the bolivar to convert it to the crypto-pegged currency, making a 1:100,000 conversion. At press time it has been downloaded over 10,000 times and has a…

This Week in Bitcoin: Islamic Exchange, Self-Regulation, Social Trading

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In this week’s daily editions of Bitcoin in Brief we reported about a new Islamic trading platform, a couple of steps towards self regulation of the industry and a new app for matching buyers and sellers off-exchange. The most commented-on article during the week covered the claims by Ripple that its coin is more decentralized than Bitcoin. Also Read: Bitcoin Journalist Pioneer: Jamie Redman Has Over 2,000 Articles Published Islamic Exchange On Monday, we reported that a company based in the United Arab Emirates has created a Shariah-compliant cryptocurrency trading…

Banks vs Blockchain | CCG

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Banks are the pillars of the financial system. Yet it has also been said that banks are archaic institutions and no longer wield any loyalty of respect from their clients. Few will agree that current banking system is modern or can live up to the title of an honest institution as the frequent scandals with such titans as Goldman Sachs and Deutsche Bank can attest to. However, the main losers in this struggle for efficiency and basic convenience are the simple clients and, ergo, entire economies, even the global economy…

UK Government Pilots Storage of Digital Evidence on a Blockchain

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The UK Government has disclosed plans to conduct a pilot project for storing digital evidence on a blockchain. The initiative was revealed in an announcement by Balaji Anbil, Head of Digital Architecture and Cyber Security at Her Majesty’s Courts and Tribunals Service (HMCTS) under the Ministry of Justice. Court Reform In the announcement, Anbil revealed that the HMCTS push to look into distributed ledger technology forms a major part of the body’s court reform plan. HMCTS and the UK Cabinet Office Open Innovation team held a joint meeting to this…