Day: September 4, 2018

Bittrex to Delist Bitcoin Gold by Mid-September, Following $18 Million Hack of BTG in May

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Crypto exchange Bittrex will delist Bitcoin Gold (BTG), a hard fork of Bitcoin (BTC), by September 14 following an $18 million hack of the BTG network in May, The Next Web reported September 3. Founded in 2007, the hard fork cryptocurrency Bitcoin Gold has suffered a “double-spending” hacking attack that reportedly allowed the unknown hijackers to take control of more than 51 percent of the BTG hashrate. The attack, which reportedly started on May 18, 2018, has managed to amass more than $18 million in Bitcoin Gold from various exchanges,…

South Korea Internet and Security Agency to Double Blockchain Project Budget in 2019

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The Korea Internet and Security Agency (KISA), a sub-organization of the South Korean Ministry of Science and ICT, has announced plans to expand public blockchain pilot projects to revitalize the domestic blockchain market, ZDNet Korea reports September 4. The South Korean government plans to spend about $9 million to spread blockchain projects throughout public and private sectors. This year, the government has spent around $3.8 million on the blockchain projects. The goal is to find efficient cases in the public sector and to identify the best options, bringing them to…

Crypto traders in Europe to use their bank accounts to directly purchase cryptos

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Cryptocurrency traders within the European Union are now the beneficiary of a partnership between cryptocurrency firms which has made it possible for them to use their bank accounts to directly purchase crypto. According to a press release seen by cryptolinenews, Abra, a global cryptocurrency wallet and Coinify, a top virtual currency technology gateway with a global presence, have today announced their coming together. Their partnership will now allow Abra wallets to extend services to the European Union. Before the partnership, Abra only allowed direct bank transfers in the U.S To…

Bitcoin Seals Further Gains in a Mostly Green Market as Ethereum Fails to Break $300

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Tuesday, September 4: crypto markets are largely green today, with Bitcoin (BTC) inching upwards yet further, and several large-market-cap alts seeing solid gains, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $7,374 at press time, up over 1 percent on the day as it continues boost its newly won gains, according to Cointelegraph’s Bitcoin Price Index. Having reclaimed the $7,000 price point August 31, Bitcoin has seen a solid upwards trend and is now pushing $7,400. The top coin is trading an impressive $550…

Bitstamp: An Overview of the Industry’s Oldest Active Exchange

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In this guide, we explore Bitstamp and its journey from humble beginnings seven years ago to becoming one of the most popular cryptocurrency exchanges in the world. We’ll also look at the various features of its platform, chiefly trading and acquiring cryptocurrency. Snapshot Operating since: August 2011 Location: London, Luxembourg, Slovenia, U.S. Fiat pairs supported: USD, EUR Notable cryptocurrencies supported: BTC, ETH, LTC, BCH, XRP Countries served: Worldwide Account verification: Proof of identity and address Funding options: SEPA bank transfer, cryptocurrency, debit/credit card, international bank transfer, AstroPay Withdrawal options: SEPA…

IBM Debuts Stellar-Powered ‘Blockchain World Wire’ Payments System

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IBM is taking its long-in-the-works blockchain-based payment system out of beta, with the launch of a new product called Blockchain World Wire. Aimed at institutions and harnessing the stellar blockchain network, Big Blue says its new financial rail “can simultaneously clear and settle cross-border payments in near real-time.” Similar to other blockchain-based payment networks such as Ripple, World Wire attempts to do away with banking intermediaries that add complexity and cost to the traditional international payments systems. According to a document provided by IBM, the product works by substituting the banking intermediaries…

Not Just Tron: Neo’s Failed $170 Million Bid to Buy BitTorrent Revealed

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When Tron founder Justin Sun bought BitTorrent in one of the most talked-about tech acquisitions of the year, it turns out he wasn’t even the highest bidder. What’s more, Tron wasn’t even the only crypto startup that wanted a piece of the pioneering peer-to-peer file sharing software company, CoinDesk has learned. Based on internal documents and multiple interviews with people close to the deal, CoinDesk is able to reveal Sun’s rival in his quest to acquire the influential Silicon Valley startup was one of Tron’s top competitors, the $1.5 billion…

Deutsche Boerse Establishes Centrally-Steered Unit Dedicated to Blockchain, Crypto Assets

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Germany’s joint stock company Deutsche Boerse (DB) has established a dedicated unit for blockchain and crypto assets, Finextra reported September 3. The newly established “DLT, Crypto Assets and New Market Structures” unit will comprise a 24-person team led by Jens Hachmeister, and will explore the disruptive potential the technology could have for financial markets infrastructure, as well as the new products DB could develop to enhance its existing offerings. As Hachmeister outlined: “Deutsche Boerse has been active with the technology in a first phase of ideation and exploration […] However,…

PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase

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A blockchain trade finance platform spearheaded by China’s central bank has entered the testing phase ahead of an official roll-out. According to a report from 21st Century Business Herald on Tuesday, the first phase of the so-called Bay Area Trade Finance Blockchain Platform is already deployed across financial institutions in the southern city of Shenzhen and is currently undergoing final trials. The Bay Area in Southern China is an economic development zone consisting of major cities along the Pearl River and the special administrative regions of Hong Kong and Macau. The trade…

British Maritime Society Builds Blockchain Tool for Ship Registration

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British maritime classification society Lloyd’s Register has developed a prototype blockchain platform aimed to enable more efficient shipping registration, the organization announced Tuesday. The not-for-profit, which is already looking at using blockchain to improve the safety and security of critical shipping infrastructure and individuals in the industry, is now working to speed up the process of registering vessels using the nascent technology, according to a press release. Lloyd’s uses its register – first created in 1764 – to record information about a ship’s condition, which merchants and underwriters can then use…