Day: September 4, 2018

A Newly Launched Stablecoin You’ve Never Heard of Is Coming to Ledger

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“We suck at marketing,” Eiland Glover, CEO and founder of Kowala, admitted in good humor. “Our PR probably doesn’t want to hear me say that, but it’s true.” Glover’s brutally honest statement is by no means a reflection on the company’s work ethic or even its progress — quite the opposite. The milestones the project has surpassed this summer have been an unintentionally well-kept secret, which makes its most recent announcement pretty surprising: Kowala, an under-the-radar stablecoin based in Nashville, Tennessee, is being integrated into Ledger’s hardware wallets. An integration…

Crypto Daily News | Blockchain Tests and Robinhood Candlestick Charts

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In today’s edition of Crypto Daily News, we’ll cover the details of the Chinese Central Bank launching its blockchain platform and Robinhood launching candlestick charts on its app. Crypto Daily News: September 4th, 2018 Cryptocurrency News: Chinese Central Bank The People’s Bank of China (PBoC) has officially launched the beta testing phase of its blockchain trade finance platform, says local news outlet Shanghai Securities News. The Shanghai News source states the Shenzhen Central Sub-branch of the PBoC has entered its trial phase of the platform earlier than expected. This finance…

Bittrex to Delist Bitcoin Gold Over 51% Attack

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Over the last nine months, news.Bitcoin.com has reported on the many misfortunes the project Bitcoin Gold (BTG) has experienced. The forked protocol has been mired with issues and controversy since the day the project was announced will be delisted from the exchange Bittrex. The Seattle-based trading platform says they lost over 12,000 BTG during the network’s 51% attack, and the firm had asked the BTG development team to compensate them for the loss. Also Read: New Information Heightens Satoshi Nakamoto Mystery      The Bitcoin Gold Project’s Constant Dilemmas At news.Bitcoin.com we’ve…

Scottish PRS Market Finds a Use Case in Blockchain

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A Scottish property firm is teaming up with a local blockchain startup to create probably the world’s first Private Rented Sector (PRS) database. Property letting portal Citylets has announced that they and their new tech partner Wallet.Services will be creating a ledger that would tackle rising rents in Scotland’s residential sector. The company believes that their solution will become a useful tool for local councils applying to the Scottish ministers to have their area designated as a ‘rent pressure zone,’ for it will provide the relevant information procured from the letting agents. The…

The Federal Court Of California Is Now Accepting Bitcoin For Bail Payments

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A Federal Court in the United States has received Bitcoin as payment for a defendant’s bail. According to media sources, this is the first time something like is happening. The defendant, Martin Marsich, was facing charges of hacking into a gaming company. The California court allowed him to settle his bail amounting to $750,000 using Bitcoin or any other cryptocurrency. Court’s Main Objective Explaining the incident, Abraham Simmons, who is the Assistant District Attorney, said that technically, defendants can settle their bail payments in any credible format or in whatever…

Crypto Exchange ShapeShift Is Moving Away From Its No-Account Model

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Cryptocurrency exchange ShapeShift has launched a new membership program that will eventually become mandatory for its users. Positioned as a loyalty program, the initiative will see the startup offer a range of benefits while also moving to start collecting some personal information from its users, essentially forming a pivot away from its “exchange without accounts” model. In the blog post, CEO Erik Voorhees wrote that “that last detail sucks” in reference to the plan to make the membership program mandatory, which will take place sometime later this year. Nothing that…

Bitcoin Dark Mysteriously Surges 277% in Suspected Pump and Dump Scheme

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Bitcoin Dark (BTCD), a cryptocurrency that planned to compete with Bitcoin and has been around since 2014, has recently seen its price surge from about $20 to a $100 peak in a matter of hours, before correcting to $80 at press time. This means the cryptocurrency is currently up by over 277% in the last 24-hour period. Historical data shows its trading volume has also surged, form an average of about $100,000-$200,000 a day to nearly $1 million. The cryptocurrency, according to CoinMarketCap data, is currently traded on Poloniex and…

UK-Based Maritime Society Creates Model of Blockchain-Based Ship Register

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Lloyd’s Register (LR), a British tech and business maritime classification society, has created a model of a blockchain-powered class register of ships, according to an official press release published September 4. LR’s new class register is reportedly “the first demonstrator that can register ships into Class” by deploying blockchain technology. Originally, LR published the first “Register of Ships” in 1764 in order to provide both underwriters and merchants with information about the condition and quality of vessels they insured and chartered. In order to transform the system that was introduced…

Chinese Central Bank Launches Testing Phase of Trade Finance Blockchain Platform

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The People’s Bank of China (PBoC) has officially launched the testing phase of a blockchain trade finance platform, local news outlet Shanghai Securities News reported September 4. The Shenzhen Central Sub-branch of the People’s Bank of China, the central bank of the People’s Republic of China, has entered the trial phase of the so-called “Bay Area Trade Finance Blockchain Platform” earlier than scheduled. The platform is aimed at conducting trade and financing activities, such as accounts receivable and trade financing. At the same time, the platform provides a regulatory system…

Australian Securities Exchange Delays Planned Switch to Blockchain By Six Months

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The Australian Securities Exchange (ASX) has announced that it will delay its transition to  use blockchain for equity transactions by six months, the Sydney Morning Herald reports September 4. As Cointelegraph has previously reported, the ASX has been working to implement blockchain as of December 2017 to replace its current system for processing equity transactions. According to the Sydney Morning Herald, the decision to delay the move comes as the exchange plans to devote more time to user development and testing. The launch date for the switchover has now been…