OpenFinance Launches Regulated Trading Platform for Security Tokens

Trading platform OpenFinance has launched a regulated alternative trading system (ATS) for security tokens, CEO Juan Hernandez announced Tuesday. Accredited investors in the U.S. can now purchase or trade the digital assets on OpenFinance’s platform, though after a 12-month holding period. Retail investors who cannot receive accreditation may also be able to trade certain assets, Hernandez told CoinDesk. The platform soft-launched several weeks ago, he said, to allow buyers and sellers to register and complete their anti-money laundering and know-your-customer procedures, with today’s announcement marking the start of actual trading.…

What are Sidechains and Childchains?

The common problems with conventional Blockchain network are scalability and Blockchain bloat. There is a need for new architecture to solve these issues. Sidechains enable developers to deploy Blockchain solutions that can quickly scale, at lower cost and under at a high level of security. Sidechains can also be referred to as childchains. If you have been wondering what this technology is all about, today is your lucky day. We shall answer most of your questions in this article. So, what are sidechains? First, there two concepts that you should…

Aussie Blockchain Powers P2P Solar Power Trading in Upscale Bangkok Community

Australian solar startup Power Ledger, the developer of a peer-to-peer (P2P) energy marketplace on a blockchain, has commenced a trial in Bangkok enabling residents to buy and sell solar electricity. In a first-of-its-kind trial in Asia, residents and habitants of Bangkok’s T77 precinct are participating in an ‘across the meter’ energy trial that allows users’ to trade their excess electricity – generated by renewable solar power – over a blockchain marketplace that’s accessible by an 8-hectare centrally-located Bangkok precinct on the city’s electricity grid. Participants in the affluent community’s energy…

The Arizona state university made a stress test on Dash network

The stress test on the cryptocurrency  The Arizona state university did a stress test on the dash network, the study was conducted through the Blockchain research Lab.  The test shows that blocks above the 0.9MB range created some inefficiencies for the mining of the cryptocurrency economically. This news came from a partnership announced that has a price of $350,000. There was a test by the name of ‘Block Propagation Applied to Nakamoto Network’ that was published recently.  That presented some scaling challenges on the Dash blockchain network, together with the…

Indian State Government Will Issue Birth Certificates on a Blockchain

Two local governments in West Bengal, India are integrating the application for birth certificates on a blockchain system developed by Lynked.world, a blockchain app company based in the Netherlands. Bankura Municipal Corporation and Durgapur Municipal Corporation will be using blockchain tech to handle administrative operations such as processing requests and verifying legal identities to make processes like applications for legal documents such as birth certificates more streamlined. Lynked World CEO and Founder Arun Kumar cited the need for an overhaul of the “cumbersome” systems currently being used for these processes, saying government agencies…

As bulls take over the market, Kraken CEO believes the market cap may hit $1 trillion this year

According to Jesse Powell, Kraken CEO, the total market capitalization may hit $1 trillion this year. Powell’s positive statement has graced the industry as bulls take over the market, which has seen most cryptocurrencies experience significant gains. Moreover, Mike Novogratz had stated in July that the market cap will reach $800 billion, but according to him, this would happen in 12 months. Powell stated that that the remaining months of the year would see cryptocurrencies experience massive gains. Thus be able to pull back from their current lows. The main…

China Now Has a Way for the Public to Report Illegal Token Sales

A Chinese self-regulatory association is working to assist government agencies in cracking down on illegal initial coin offerings (ICOs). The China National Internet Finance Association (NIFA), a self-regulatory organization founded by the People’s Bank of China (PBoC), has added a “token sales” category to its platform that allows the public to report on potentially illegal financial activities. NIFA currently operates an online portal where individuals can file complaints or reports on suspect financial activities. Areas that have been on the association’s radar to date include peer-to-peer lending, internet insurance, equity financing…

Bitcoin On Up-and-Up in Latin America, Though Venezuelans Get New Woe

Bitcoin On Up-and-Up in Latin America, Though Venezuelans Get New Woe August 28, 2018 by William Peaster Bitcoin trading has recently spiked in several Latin American countries on LocalBitcoins, a popular over-the-counter and peer-to-peer bitcoin trading service. A new draconian shift by the Venezuelan government seems poised to chip away at the trend in that country, however.  Also see: ChainX Panel: Wozniak and Tone Vays On the Fintech Revolution Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts BTC Buying Spikes in Nation’s Where Monetary Crises Aren’t Distant…

Bitcoin Price Watch: BTC/USD Primed To Gain Above $7,000

Key Points Bitcoin price made a nice upside move and broke the $6,750 and $6,775 resistance levels against the US Dollar. There is a crucial bullish trend line in place with support at $6,780 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently consolidating gains and it looks set for more gains above $7,000 in the near term. Bitcoin price gained bullish momentum above the $6,750 resistance against the US Dollar. BTC/USD is now preparing for more upsides above $7,000. Bitcoin Price Analysis…

Bitcoin Price Approaches $7,000 as Tom Lee Predicts Explosive End of Year Run

After days of holding steady between $6,400 and $6,700, Bitcoin is finally making a run for the $7,000 price level. The top-ranked cryptocurrency headlines a substantial price recovery that has the total market capitalization climb to $225 billion. Bitcoin Breaks $6,700 Resistance Level Bitcoin rose by more than $200 on Tuesday (August 28, 2018), reaching $6,916 as of 7 am UTC. The sudden climb occurred at 12 am UTC as BTC rose from $6,766 to above $6,900 in a matter of 35 minutes. At press time, BTC was trading at…