Day: September 3, 2018

Nano Was August’s Top-Performing Big Crypto Despite Yearly Low

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The cryptocurrency markets had a rough run in August, with only a handful of projects making it into the green. Major names such as ethereum, bitcoin and XRP all dropped on the month, down 35.45, 9.44, and 27.93 percent, respectively. Adding pressure to the situation, bitcoin’s dominance rate rose substantially, up 6 points from July’s period of 48.34 to 54.58 percent on Aug. 15 – levels not seen since December last year. The high rate was a telling sign that traders were uncertain about price direction, utilizing bitcoin to exit…

Bitcoin Price Faces Minor Drop After One-Month Highs

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With signs of bull exhaustion showing on the technical charts, bitcoin (BTC) faces a return to the psychological support of $7,000. At press time, the cryptocurrency is changing hands at $7,235 on Bitfinex – representing a 0.4 percent drop on a 24-hour basis. Prices found acceptance above $7,000 over the weekend, having cleared the resistance offered by the 50-day and 100-day moving averages (MAs) last week and rose to $7,429 yesterday – the highest level since Aug. 4. While the bull grip around BTC strengthened in the last seven days,…

World Bank Bond Blockchain Offers Key Insights

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Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cryptocurrency purists often dismiss private blockchains as overly expensive undertakings for projects that are better served with a traditional database. Yet these distributed ledger solutions keep being rolled out by enterprises in various settings – mostly still in experimental phases, but, increasingly, with real money at stake. And while they fall…

Google Now Provides a Big Data View of the Ethereum Blockchain

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Internet search giant (and much more) Google has added ethereum to its big data analytics platform BigQuery. Making the announcement in a blog post on Saturday, the company said that, while an API exists for commonly used functions such as checking transaction status or wallet balances, it’s not so easy to access all of the data stored on the ethereum blockchain. The post continues to say that “perhaps more importantly,” the API doesn’t allow for viewing blockchain data “in aggregate.” Aiming the new service to provide more of a Big Data window…

Former Estonian Prime Minister Becomes Blockchain Startup Advisor

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A former Estonian prime minister has signed on as an advisor to a blockchain startup that wants to encourage people to exercise more. Taavi Rõivas, who ran the Estonian government as prime minister from 2014 to 2016 and currently serves as a member of the country’s parliament, has joined cryptocurrency startup Lympo as chairman of its supervisory board. Lympo aims to incentive exercise and active lifestyles through its LYM token, the company announced in a press release. Rõivas confirmed the move on Twitter, saying that he was “excited to help…

Walmart Explores Blockchain for Connecting Automated Delivery Drones

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Walmart’s recent patent efforts have showcased how the retail giant is investigating blockchain, and a new filing points to a focus on autonomous delivery drones. The application was published on August 30, detailing a system by which “autonomous electronic devices” communicate with each other wirelessly and pass transported objects to each other after an identification process. After one drone travels to a specific spot where another one is located, they exchange authentication signals using “blockchain keys,” and if the first robot successfully recognizes its “co-worker,” it passes it the package. Drones…

Bitcoin as a Privacycoin: This Tech is Making Bitcoin More Private

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Ever since its inception Bitcoin has never really been private. Although Satoshi Nakamoto’s white paper suggests privacy was a design goal of the protocol, government agencies, analytics companies and other interested parties — let’s call them “spies” — have ways to analyze the public blockchain and peer-to-peer network, to cluster Bitcoin addresses and tie them to IP addresses or other identifying information. A lack of privacy is a problem. Bitcoin users might not necessarily want the world to know where they spend their money, what they earn or how much…

India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs

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The Securities and Exchange Board of India (SEBI) organized tours to other countries for its officials to study cryptocurrencies and initial coin offerings (ICO), according to its 2017-18 annual report. The Indian regulator reports that authorities have already undertaken “study tours” in particular to study cryptocurrency and ICOs at Japan’s Financial Services Agency (FSA), the U.K. Financial Conduct Authority (FCA) and the Swiss Financial Market Supervisory Authority (FINMA). The overseas study trips reportedly took place to help officials “engage with the international regulators and gain deeper understanding of the systems…

Blockchain-based Machine Learning Platform to Help Businesses Predict Consumer Behavior

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A company says it has created the first decentralized machine learning platform on the blockchain – giving organizations of all sizes the ability to discover new patterns in their data, predict when sales are going to be made, and increase clickthrough rates from customers. According to GNY, its main motivation when it was established in 2015 was finding a way for “vast amounts of digital data left behind by people to be organized and analyzed to provide business, marketing and social impact solutions.” GNY’s founder and chief R&D officer Richard…

Korea’s SBI Savings Bank Signs MoU With Blockchain and AI Specialist

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South Korea’s SBI Savings Bank has signed an MoU with DAYLI Intelligence, a specialist in AI and blockchain technology, to bolster its fintech business, Money Today reports September 3. DAYLI Intelligence provides blockchain solutions and AI-based tech infrastructure for financial institutions. The firm will reportedly assist SBI in implementing both blockchain and machine learning to maximize work efficiency and reduce costs across various financial products and services. DAYLI will provide SBI with solutions based on ‘LoopChain,’ the protocol that it has developed alongside blockchain startup theloop as part of the…