Day: September 1, 2018

Standard Chartered and Siemens collaborate in pilot blockchain project

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Standard Chartered is teaming up with Siemens for a pilot scheme that puts bank guarantees for trade finance on a blockchain. According to the report, the trial was launched in March and is expected to be completed later this year. If the pilot project is successful, it would benefit Siemens in bringing in new facilities for large clients, digitising guarantee issuance and amendments and claims. The blockchain would be built on startup R3’s open-source Corda platform. There would be an application layer provided by TradeIX. According to a report by IBS Intelligence, the initiative…

$257 Million Cryptocurrency Filecoin Prepares for Impending Launch

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Filecoin, a decentralized storage network that turns cloud storage into an algorithmic market monetized through cryptocurrency, has announced that it will go public within the coming months. Filecoin prepares for liftoff This announcement is contained in a blog post by the company, in which it stated that, having passed the critical period when it needed to have the codebase private, the project is now quickly reaching a point where the implementation would benefit more from being public. In a successful ICO that ran through August and September 2017, Filecoin raised…

As Zimbabweans Struggle For Cash, Even The Country’s Only Bitcoin ATM Has Run Dry

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The Golix bitcoin ATM took on obvious importance when it was first introduced in the Zimbabwean capital Harare, early April. In a country without a currency of its own, where conventional automated teller machines (ATMs) have become useless due to a severe cash crisis, the bitcoin machine was seen as the new gateway to faster cash transfers and cash availability. Now, it is a ‘white elephant’ – unused and redundant. But Golix trudges on. Also read: South African Tax Authority Going After Crypto Traders A Digital Cash Machine Without Cash…

Response to Bitcoin ETF Denials Drove Bitcoin Price to $7,100: Analyst

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What’s behind the recent bitcoin rally price to $7,100? Michael Moro, CEO of Genesis Trading and Genesis Capital, thinks the market’s stable reaction to the SEC’s ETF rejections last week played a big role. Interviewed on CNBC, Moro noted that the selloff that has greeted SEC rejections in the past did not materialize. The important question now, he said, is how long the $7,100 price level holds. Bitcoin Price Analysis: Waiting For The Bulls BTC/USD | Bitfinex If the $7,100 price holds for one or two weeks, the bulls will…

Almost All Top 100 Cryptocurrencies Solidly in Green, Dogecoin Skyrockets Over 40%

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Saturday, September 1: crypto markets are multiplying recent gains today, with 97 out of the top 100 cryptocurrencies by market cap solidly in the green, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) continues to climb steadily over the $7,000 mark, seeing 2.52 percent gains over the past 24 hours, according to CoinMarketCap. Bitcoin is trading at about $7,216 at press time, up 7.2 percent over the past week.  The largest cryptocurrency by market cap broke the $7,000 point for the second time this week amidst news…

People’s Insurance Company of China Taps VeChain in Blockchain Pivot

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People’s Insurance Company of China Taps VeChain in Blockchain Pivot September 1, 2018 by William Peaster VeChain, a logistics-minded blockchain platform that burst into the cryptoverse last fall, has locked down another major partnership in China, this time with the People’s Insurance Company of China. The deal will see VeChain helping to digitize aspects of PICC’s previously paper-centric operations.  Also see: Ryan X Charles: ‘Craig Wright Is Satoshi Nakamoto’ Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts VeChain Gets the Nod in PICC Deal VeChain has scored…

Weekly crypto summary: the Market adds $10 billion as coins show signs of recovery

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In today’s column of weekly crypto summary, we are going to take a look at the recent crypto market’s performance as well as performance of individual coins and what the future holds for some. In the past 24 hours, despite negative news, the total market capitalization has added $10 billion and bitcoin managed to remain above the crucial $7,m000 resistance level. Some of the best performing digital currencies include Dash, Verge, Monero and EOS, recording strong gains in the range of 7 to 12%. Also, Tokens with large daily trading…

Bitcoin Price Just Surged to $7,200 in 1 Hour, Strong Short-Term Rally Next?

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In the past hour, the Bitcoin price has surged from $7,030 to $7,200, bringing the entire market with it to the upside. Bitcoin Cash, NEO, Litecoin, ICON, EOS, VeChain, Tron, Qtum, Cardano, and most major tokens have recorded 5 to 15 percent gains in the past 30 minutes, showing the establishment of newly found momentum. Previously, technical analysts in the cryptocurrency community have said that the break out of Bitcoin at the $7,200 resistance level could lead to a major short-term rally. Why is $7,200 Crucial? On August 30, the…

Walmart’s Latest Blockchain Patent Lets Robots Conduct Deliveries Across Supply Chain

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U.S. retail giant Walmart has applied to the U.S. Patent & Trademark Office (USPTO) to patent a blockchain system for deliveries, according to an official patent document released August 30. The new patent aims to provide a technology for running “in-field authenticating of autonomous electronic devices” to enable secure deliveries. The patent specifies that “[i]n exemplary embodiments, two autonomous electronic devices, such as delivery drones or household autonomous robots, can authenticate each other using embodiments of security procedures described herein.” The patent is entitled “Systems, Devices, and Methods for In-Field…

Roubini Says Blockchain Tech Is Balderdash

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Dr. Doom Doubles Down: Roubini Says Blockchain Tech Is Balderdash September 1, 2018 by Akshay Makadiya Already well-known for his skeptical views towards the cryptoverse, veteran economist Nouriel Roubini furthered his talking points on the sidelines of the Blockshow Conference in Vegas. In his latest remarks, Roubini not only called out bitcoin but also its underpinning blockchain system, calling the tech and its comparisons to an early, insurgent internet “complete nonsense.” Also see: CoinEx Plans to Create a ‘Bitcoin SV’ Token, Wright Calls It a Fraud Subscribe to the Bitsonline YouTube channel for…