Day: September 2, 2018

Bitcoin’s Next Big Software Upgrade to Feature New Language for Crypto Keys

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Bitcoin may be hard to use even with consumer-friendly tools, while running its core infrastructure is even harder. However, this isn’t stopping efforts to change that. The global, volunteer developer group behind the most popular implementation of the software, Bitcoin Core, is soon to debut its 17th major software release, one which puts to code a number of highly-anticipated changes. Of particular emphasis is improving the software’s default wallet, where user’s bitcoin private keys are stored. Perhaps the most interesting update is the debut of a new “language,” initially proposed by…

Crypto Trading 101: The Fibonacci Retracements

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New to crypto trading? Read CoinDesk’s full set of guides. Fibonacci retracement. Sounds sophisticated? But what does it do? And does it work? Luckily for traders, Fibonacci retracements are far more than just a nifty word. In fact, it’s the name of a tool used to predict potential support and resistance levels for price action. First, let’s define what this so-called “Fibonacci” is so you have a better idea as to why it is a concept relevant to trading cryptocurrencies. Leonardo of Pisa (A.K.A. Fibonacci) was an 11th-century mathematician responsible…

In an Uneven Market, Most Cryptos Seal Further Growth, Some Alts See Corrections

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Sunday, September 2: crypto markets are today seeing strong momentum — both positive and negative —with a majority of crypto assets firmly in the green, while some large-market-cap alts have posted corrections, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,244 at press time, up around 2.4 percent on the day, according to CoinMarketCap. Having bullishly broken through the $7,000 threshold earlier this week, the top coin began to dip August 29, trading as low as $6,827 by August 30. Since then, the asset…

Bitcoin Fees Explained – How to Calculate and Solve Pending Transactions

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This guide will explain the basics of fees from how they are calculated to what you can do in case you didn’t pay a big enough fee. Post summary Bitcoin transaction fees (sometimes referred to as mining fees) allow users to prioritize their transaction (sometimes referred to as tx) over others and get included faster into Bitcoin’s ledger of transactions known as the blockchain. To determine whether to include a transaction in the blockchain is worth their while, miners will take a look at which transaction has the highest fee…

Morgan Creek, Bitwise Team Up to Launch Digital Asset Index Fund

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Morgan Creek, a capital management company that oversees more than $1.5 billion in assets, has partnered with Bitwise Asset Management to create the Digital Asset Index Fund. The new cryptocurrency asset fund is the latest in Bitwise’s suite of cryptocurrency investment offerings, as the asset management company already owns the HOLD 10 Index Fund. It also aspires to launch a cryptocurrency ETF in the near future. As with the HOLD 10 Index Fund, this index takes aim at institutional investors looking to enter the digital asset market. According to its website,…

How Currency Crises Are Driving Nations to Crypto

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Venezuela, Turkey, Iran and Zimbabwe: these countries are all facing ongoing economic crises. They’re suffering from high levels of inflation, and as a result the people living within them are increasingly turning to crypto as a store of value and a means of exchange. Their recent troubles have heightened the distant possibility that, at some point in the future, hyperbitcoiniztion will take place, with Bitcoin (or some other coin) replacing the bolívar, the lira, the rial and other struggling national currencies, and perhaps even becoming the world’s dominant form of…

Buying your coffee with cryptocurrency

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Thoughts on the cryptocurrency development  There have been talks about how cryptocurrencies can change our lives and the tremendous opportunities, usefulness and wealth cryptocurrencies can bring to society. Over the years the market has come to see thousands of ICO’s, and  Blockchain development platforms, which has made the markets much bigger.  Most individuals are still not very familiar with the use cases and benefits of cryptocurrencies. Most people use them today for cross boarder transactions or for speculation through buying and selling the cryptocurrency. But cryptocurrencies have a much bigger role and impact than…

University of Malta Launches €300,000 Blockchain Scholarship Fund

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Malta continues to take the lead in the cryptocurrency and blockchain sector with an interesting new development in the educational sector. The University of Malta and the Malta Information Technology Agency have signed an agreement where a fund of EUR300,000 will be made available for those students who wish to pursue their studies in blockchain and distributed ledger technology in the forthcoming academic year. The fund will be available for those students who will be specialising in ICT, law, finance and engineering. The scholarship fund, which will be split over…

Asset Backed Crypto Summit To Attract World’s Top Crypto Minds to Lisbon

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The Asset Backed Crypto (ABC) Summit is set to bring together some of the world’s top cryptocurrency minds for a two-day event in the heart of Lisbon, Portugal on September 28 and 29. The event is set to have over 1,500 attendees, 500 investors, and 40 companies attend, as it offers them a unique opportunity to deepen their blockchain technology understanding and figure out the “who’s who” of the cryptocurrency ecosystem. At ABC Summit, participants will be able to listen to renowned speakers like Kenny Au, the co-founder of Luxsens and…

Taiwanese Hospital Launches Blockchain Platform for Record Keeping

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As part of efforts to consolidate the government’s Hierarchical Medical system policy, Taipei Medical University Hospital has introduced a blockchain-driven platform for the advancement of medical record-keeping. The Healthcare Blockchain Platform will be used to improve patient referral services and integrates individual healthcare networks for people to access their medical records with relative ease, according to a report on Taipei Times. In a statement released by the hospital, the platform will be a one-stop referral and long-term care service in support of the government Hierarchical Medical System policy. The Project incorporated…