Day: September 2, 2018

ICO Advisor Satis Claims $96K Bitcoin Price Possible in 5 Years

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Initial coin offering advisory firm Satis Group believes bitcoin’s price might jump to $96,000 over the next five years, according to a new report. Satis Group published the latest report in its five-part analysis of the cryptocurrency ecosystem Friday, this time examining how the cryptocurrency market is valued and whether this valuation matches the actual assets underlying token prices. The report, written by researchers Sherwin Dowlat and Michael Hodapp, also created predictions for how the market might look over the next few years. Notably, the report attempted to predict how…

Apple Abruptly Orders Coinbase Wallet to Remove Crypto Collectible

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It seems iPhone users won’t have access to the crypto collectible craze anytime soon. The news comes after forthcoming video game War Riders was featured on the Coinbase Wallet iOS app and then quickly withdrawn. In War Riders, players drive around an apocalyptic wasteland, building up armies of vehicles – vehicles represented by non-fungible tokens, or NFTs, on a blockchain. According to screenshots obtained by CoinDesk, a Coinbase staffer told Cartified, the company behind the game, via Discord: “Quick heads up – we will be removing from the iOS version as…

PwC Creates Digital Skills Program to Boost Internal Blockchain Expertise

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Consultancy firm PwC is kicking off a new “digital skills” program aimed at improving the expertise of its employees on new technologies like blockchain. The firm will assign 1,000 of its employees to a two-year training program which will cover various digital technology-related, from blockchain to 3D printing to drones, Digiday reported Thursday. Called Digital Accelerators, the program will begin this January, according to the report. PwC Digital Accelerators head Sarah McEneaney told the publication that the move is part of a wider effort to help increase the firm’s subject-matter…

Messaging Giant LINE Is Launching Its Own Cryptocurrency

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UPDATE (09:55 UTC, Aug. 31, 2018): This article has been updated to include a comment from LINE on the technical aspects of the blockchain. Messaging giant LINE has become one of the first publicly traded companies to have launched a proprietary blockchain mainnet with its own cryptocurrency. Revealed in an announcement Friday, the firm said that the genesis block of its LINK Chain was produced on Aug. 23. The messaging giant now aims to gradually issue a total of 1 billion of the network’s LINK tokens, of which 800 million will…

Neo Price Bleeds 40% to End August as Worst-Performing Big Crypto

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NEO’s dismal performance in August has likely strengthened the already strong bear grip on its market. Down 39.6 percent month-on-month in August, it is the biggest loser among the top 25 cryptocurrencies by market capitalization, according to CoinMarketCap and analysis by CoinDesk.  Throughout the month, the world’s 14th largest cryptocurrency has moved in tandem with the broader market, which took a beating in August due to SEC’s rejection of multiple bitcoin exchange-traded funds (ETFs). Notably, the total market capitalization of all cryptocurrencies was printing more than $100 billion loss just…

Japanese Police to Fund Crypto Criminal Tracking Tool

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Japan’s National Police Agency (NPA) is to fund development of new software to help track individuals behind illicit crypto transactions. According to a news report from NHK on Thursday, the NPA will budget 35 million yen ($315,000) for 2019 to fund creation of the product – outsourcing technological development of the software to the private sector. The NPA said the software will track the flow of blockchain transactions flagged as suspicious and “visualize and locate” the individuals sending or receiving the cryptocurrency. The effort apparently comes in response to the increasing…

Bitcoin Price Loses 10% In August But Long-Term Bottom May Be In

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Bitcoin (BTC) is all set to end August with double digit-losses, but a closer look at the price action suggest better times lie ahead for the leading cryptocurrency. At time of writing, BTC is trading at $6,940 – down 10.7 percent from the month’s opening price of $7,727, according to CoinDesk’s Bitcoin Price Index. However, losses would have been much bigger had prices not recovered from the six-week lows below $5,900 seen on Aug. 14. Indeed, the bitcoin market has witnessed a solid two-way business this month. Sellers dominated the…

Eminem’s Latest Album ‘Kamikaze’ Features a Bitcoin Shout-Out

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Rapper and actor Eminem has given bitcoin’s public awareness another boost, giving it a mention in a song on his just-released album, “Kamikaze.” In track dubbed “Not Alike,” fellow artist Royce Da 5’9′  – who guest features on the piece – raps: “Remember everybody used to bite nickel, now everybody doing bitcoin.” The album was launched on midnight Thursday in a surprise announcement by Eminem, according to reports. His previous release was “Revival” in December 2017. While the crypto citation is unlikely to bump the price of bitcoin, it comes…

Firefox Plans to Block Crypto Mining Malware in Future Releases

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Firefox, the popular Web browser, will soon begin automatically blocking crypto mining malware scripts as part of a wider performance-enhancing push. The Mozilla Foundation, the not-for-profit organization behind the open-source browser, said Thursday that it intends to block trackers and other “harmful practices” in upcoming releases. Some of these features, such as the anti-tracking function, are already available in its Firefox Nightly beta version. The goal is to prevent third-party scripts from hampering the user experience, according to Mozilla vice president of product Nick Nguyen. These scripts are generally embedded…

Ethereum Developers Move to Alter Blockchain’s Economics In Next Upgrade

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A proposal that, if enacted, would change how much new cryptocurrency is released on the world’s second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum’s upcoming October upgrade, Constantinople. Speaking on a video call, a group of 14 developers agreed to support code that would reduce the amount of new cryptocurrency introduced on ethereum to 2 ETH per block, down from 3 ETH today, by implementing an updated version of an ethereum improvement upgrade named EIP 1234. Notably, investors…