Day: August 27, 2018

Iran’s National Cyberspace Center Readies State-Backed Cryptocurrency Project

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The National Cyberspace Center from Iran recently announced the completion of the draft for a state-backed national virtual currency project. The country is developing the project following instructions from the Iranian President Hassan Rouhani. The Supreme Cyberspace Council of Iran’s deputy director-in-charge of drafting regulations, Saeed Mahdiyoun revealed the news. Central Bank of Iran to reveal its stance on cryptocurrency project in September According to Mahdiyoun the cyberspace authority of Iran is actively pursuing the project of national cryptocurrency and authorities are trying their best to remove all the uncertainties…

Blockchain Meets REIT – A New Era in Real Estate Investing

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ADVERTISEMENTS Building Block, Inc. has announced it is the first North American REIT (Real Estate Investment Trust) to embrace the emerging efficiencies of blockchain technology and provide a new way to invest in one of the world’s most well-known and trusted assets, real estate.   Blockchain technology will enable Building Block REIT to virtually eliminate friction in REIT shareholder communication by allowing direct dividend disbursement, secure user voting, and smart contract functions that execute automatically when pre-set parameters are met. Building Block REIT plans to raise funds in the form of a…

Gazprom And Russian Airline S7 Put Aircraft Fuelling on Blockchain in Domestic First

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Russian air carrier S7 Airlines has partnered with state-owned oil giant Gazprom Neft to use blockchain-based smart contracts for aircraft fuelling, a press release confirmed Friday, August 24. S7, which has developed several blockchain use cases in the past two years, will now use the technology to increase efficiency of fuel delivery and payment, as well as in the refuelling process at airports. The partnership features Gazprom Neft’s dedicated aviation refuelling subsidiary Gazpromneft-Aero. “Using blockchain technologies in reciprocal accounting and settlements between aviation companies and fuel operators gives new impetus…

China’s Baidu Joins Tech Giants Tencent, Alibaba in Imposing Fresh Anti-Crypto Measures

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Chinese tech giant Baidu has joined Tencent and Alibaba in imposing new anti-crypto measures in line with Beijing’s toughened stance, South China Morning Post (SCMP) reports Monday, August 27. China’s ‘Google,’ Baidu, has closed at least two popular crypto-related chat forums, according to SCMP, with a notice reportedly informing users that the move comes “in accordance with relevant laws, regulations and policies.” Meanwhile, Tencent — the operator of the 1-billion-user social media platform WeChat, has reportedly issued a statement announcing its own ban on crypto trading. The platform has said…

IOTA Price Jumps 21% after Partnership with Japanese IT Giant Fujitsu

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The IOTA price today jumped 21 percent against the US Dollar owing to a strong push from Japan. Fujitsu, a Tokyo-based multinational IT equipment company, released a paper explaining the use of IOTA-focused blockchain as an immutable data storage medium for their audit trail process.  The IT giant expects to integrate IOTA into its manufacturing and supply chain verticals to enable better transparency, data trust, and data security. An excerpt from the company paper read: “Fujitsu is well-equipped to help roll out IOTA as the new protocol standard as we…

Singapore Stock Exchange Turns to Blockchain for Rapid Settlements

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Singapore’s primary stock exchange has announced a working partnership with the country’s central bank to develop a blockchain platform for securities’ settlements. In an announcement on Friday, the Singapore Exchange (SGX) revealed details of a new working partnership with the Monetary Authority of Singapore (MAS) – the country’s central bank – to enhance Singapore’s Delivery versus Payment (DvP) capacity with automation powered by blockchain smart contracts. The project will use and build upon the blockchain developed by the central bank’s own effort to tokenize the Singaporean dollar into a digital…

Upside Calling? Bearish Bets on Bitcoin Futures Hit Record Low

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The bearish sentiment in the bitcoin (BTC) futures market hit a record low last week, likely indicating the worst of the plunge in the leading cryptocurrency is behind us. The non-commercial futures contracts of Bitcoin futures, traded by large speculators and hedge funds, totaled a net position of -1266 contracts in the week ended Aug. 21 – the lowest on record, according to the data released by the Commodity Futures Trading Commission (CFTC) on Friday. The futures data indicates the speculators are the least bearish on BTC since the futures…

Bitcoin’s price ready for a massive reversal as experts remain bullish

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Recently, Bitcoin’s price formed higher lows and higher highs on its rising wedge pattern to signal a massive reversal. Additionally, Tom Lee, Fundstrat’s bitcoin analysts maintained his prediction, stating that the coin’s price could end the year explosively higher. According to the daily chart, the 100 SMA is above the longer-term 200 SMA, to signal that the path of least resistance is to the upside. As such, the current bullish trend is more likely to continue than the reverse. A break above the $6,500 support may lead to a massive…

Mining Like a Viking: How the Fjords of Norway Offer a Greener Alternative

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“Make sure to close the door behind you,” Mathis Schultz, the CEO of Northern Bitcoin, said to me in a near shout. As we entered the backside of the shipping container, partitioned for the ASIC miners’ exhaust, Schultz wanted to make sure the heat emitted wouldn’t mingle with the temperature-controlled front end of the shipping container. The door opened, my senses, already ringing from the blaring of the ASICs’ mechanized grind, were ignited. Like stepping from one climate zone to the next, I was greeted by a wave of hot…

U.S. SEC Denies Nine More Bitcoin ETFs

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The United States Securities and Exchange Commission (SEC) just put nine more bitcoin exchange traded funds (ETFs) on the chopping block. In three separate orders issued on August 22, 2018, the agency nixed the proposals and contingent rule changes for ETF filings submitted by ProShares, GraniteShares and Direxion. Of these three, five proposals came from Direxion, while GraniteShares and ProShares filed two each. Unlike past ETF filings, these funds intended to base their data on the bitcoin futures market, not the spot market. Given that the CBOE and CME offer…