Day: August 28, 2018

Alibaba’s Alipay Reveals Government Partnership to Track Rice With Blockchain

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Alipay and its parent company Ant Financial announced a partnership with local Chinese authorities to use blockchain for ensuring the authenticity of rice, local media report August 28. A major player in the Chinese market, Alipay boasted 400 million users in August 2017. The company is owned by Alibaba affiliate Ant Financial. According to Global Times, the deal with the municipal government in Wuchang in Heilongjiang Province aims to stop counterfeit versions of the well-known Wuchang rice making it into the market. “This is the first time that Wuchang Rice…

Bitcoin Breaks Above $7,000 as Crypto Market Rallies Into Green

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Tuesday, August 28: crypto markets are seeing strong positive momentum bolster a persuasive recovery, as Bitcoin (BTC) breaks above the $7,000 price point and all but 3 altcoins amid the top 100 cryptocurrencies post strong gains on the day. Growth among the top ten largest assets ranges between 4.5 to almost 20 percent, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,016 at press time, up around 4.2 percent on the day, according to Cointelegraph’s Bitcoin price index. The top coin has seen several…

Ethereum (ETH) Taking Over if Bitcoin’s Evaporation Turns True

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If we go by the words of IOHK and respected Cardano (ADA) lead figure – Charles Hoskinson, as he mentioned that every coin should be positioned in their potential respectively place, the crypto-verse would look very differently today. Equal to your Potential “Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways…

How Blockchain Technology is making Data Collection Auditable and Transparent

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Big data analytics is one of the greatest advancements in modern business and commerce. The ability to draw an unprecedented quality and quantity of insights from astronomical amounts of data and fine-tune business operations has proven to be a technological marvel in the modern economy. While big data is set to only get bigger, its pressing problems cannot be ignored. Data analytics is a fairly new discipline that has grown exponentially and evolved over the past five years with the advent of computer technology, namely machine learning. With the mass…

‘The Entire Internet… Is a Giant Surveillance Machine’ – Andreas Antonopoulos on Privacy Before Scaling

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‘The Entire Internet… Is a Giant Surveillance Machine’ — Andreas Antonopoulos on Privacy Before Scaling August 28, 2018 by Paul de Havilland Bitcoin thought leader Andreas Antonopoulos labeled the internet a “giant surveillance machine” in support of his argument that privacy should be prioritized over scaling on the bitcoin roadmap. Also see: The Ten Most Outlandish Criticisms of Bitcoin and Crypto Ever Uttered Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Are Second Layer Privacy Protocols Enough? In a YouTube clip released on August 25th, Antonopoulos showed…

Bitcoin, the Credit Card Killer?

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Cryptocurrency can provide quick international transfers of wealth which allow merchants to cut profit margins and lower transaction fees. This has some questioning whether Bitcoin could replace credit cards. For a merchant, utilizing Bitcoin circumvents the substantial fees which come from credit card companies for maintaining purchasing power. This means that the 3 to 4 percent which sellers pay can be done away with. Given a high volume of transactions carried out with credit cards significant damage can be done to a company’s bottom line by the end of the…

Bitcoin Price Breaks $7,000 After 4% Gain, Crypto Market Adds $12 Billion

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In the past 24 hours, despite the negative expectations of most investors towards Bitcoin, the crypto market has recovered by $12 billion from $216 billion to $228 billion. The Bitcoin price has surpassed a key resistance level at $7,000 after breaking out of the $6,800 mark, which as several widely recognized cryptocurrency traders emphasized, was crucial for the short-term recovery of Bitcoin. If Bitcoin had failed to surpass beyond the $6,800 mark, a minor correction could have been initiated, potentially leading the dominant cryptocurrency back to low $6.000. Instead, with…

Blockchain ‘Getting Closer to Breakout Moment Every Day’

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“Big Four” auditor Deloitte’s 2018 blockchain survey, published August 27, reveals that the technology is gaining significantly – if unevenly – in traction at the executive level of enterprises across diverse industries.   Deloitte’s survey polled a sample of just over 1,000 senior executives in seven countries – Canada, China, France, Germany, Mexico, U.K., and the U.S. – at companies with $500 million or more in annual revenue. As Deloitte notes, the survey notably focused on “blockchain-savvy” execs from so-called “digital enterprises” rather than startups – i.e. on businesses faced…

Blockchain ‘Getting Closer to Breakout Moment Every Day’

boss

“Big Four” auditor Deloitte’s 2018 blockchain survey, published August 27, reveals that the technology is gaining significantly – if unevenly – in traction at the executive level of enterprises across diverse industries.   Deloitte’s survey polled a sample of just over 1,000 senior executives in seven countries – Canada, China, France, Germany, Mexico, U.K., and the U.S. – at companies with $500 million or more in annual revenue. As Deloitte notes, the survey notably focused on “blockchain-savvy” execs from so-called “digital enterprises” rather than startups – i.e. on businesses faced…

Deutsche Boerse Purchases Minority Share in Blockchain Partner HQLAx

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Germany’s joint stock company Deutsche Boerse (DB) has furthered its partnership with blockchain-based liquidity provider HQLAx, making a million euro investment to become a minority shareholder, a press release announces Tuesday, August 28. Deutsche Boerse AG is a German marketplace organizer and transaction services provider which had as much as €3.695 billion ($4.327 billion) in total equity as of 2015. The two parties, which originally partnered in March to produce a blockchain-based securities lending platform using R3 Consortium’s Corda technology, said the move allowed them to expand their activities in…