Day: September 7, 2018

Energy Firm ENGIE Partners With Consulting Firm to Create Blockchain Software Offering

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French electric utility company ENGIE and consulting firm Maltem Consulting Group have jointly established a blockchain development firm designed for commercial customers, according to a press release published September 7. The new project called Blockchain Studio received seed funding totalling €1.9 million (around $2.1 million). Blockchain Studio has created a software suite for commercial enterprises comprised of two fundamental tools. One tool is focused on the development of smart contracts and enables its application by users without technical background. The other tool manages the creation of cloud-based or server-based blockchain…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 7

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Total crypto market capitalization tumbled from $239 billion on September 5 to $200 billion on September 6, according to data from CoinMarketCap. One of the probable triggers for the fall was a Business Insider report that Goldman Sachs was dumping its plans to launch…

Binance Hires IPO Heavyweight, Fueling Rumors the Firm is Going Public

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Cryptocurrency exchange Binance has recruited an executive with wide experience in initial public offerings (IPOs) as its chief financial officer. Wei Zhou, who is currently the vice chairman of gay dating platform Grindr, boasts of executive experience running into more than one-and-a-half decades. He began his career at the Hong Kong subsidiary of Goldman Sachs, where he focused on investment banking. A graduate of Harvard University,where he received a bachelor’s degree in economics and East Asian studies, Zhou has particular expertise in growing and scaling business operations in the United…

XRP Faces Tough Battle against Selloff

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On Friday, Sept. 7, the Ripple price (XRP) is recovering, although the intraday outlook is still mixed. Ripple is trading around 0.2905. Fundamentals XRP news are mostly neutral. This week, TransferGo launched a payment channel to India based on XRP technology, which will enable real time transactions. The channel is going to be available across Europe and, going forward, will enable avoiding most current payment methods where transactions take around two or three days. It is yet unknown which XRP product TransferGo is using, but the reason for basing the…

Crypto, Blockchain Companies Shine in LinkedIn’s Top 50 U.S. Startups

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LinkedIn has been keeping its finger on the pulse of the United States’ most thriving startups, and crypto organizations are showing tremendous signs of life — and growth. The business and employment social media site released its LinkedIn Top Startups list this Thursday, September 6, 2018. Split into two articles, the list details the U.S.’s most dominant startups, weighing each company’s worth with in-house data that looks at “employee growth; jobseeker interest; member engagement with the company and its employees; and how well these startups pulled talent from [the company’s]…

China’s Supreme Court Recognizes Blockchain Evidence as Legally Binding

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Blockchain can now be legally used to authenticate evidence in legal disputes in China, according to the country’s Supreme People’s Court. The court released new rules on Friday – that take immediate effect – clarifying various issues relating to how internet courts in China should review legal disputes. Part of the new regulation specifies that internet courts in the country shall recognize the legality of blockchain as a method for storing and authenticating digital evidence, provided that parties can prove the legitimacy of the technology being used in the process. “Internet…

Wyre Acquires Bitcoin Smart Contract Derivatives Platform Hedgy

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Crypto payments startup Wyre has acquired 100 percent of Hedgy, a venture-backed bitcoin smart contract development firm, for an undisclosed sum. The deal will help Wyre broaden the scope of the services it provides to crypto startups, the company’s co-founder and COO Ioannis Giannaros told CoinDesk. Wyre provides cross-border payments using bitcoin, ethereum, litecoin and other cryptocurrencies to settle transactions. Specifically, acquiring a smart contract platform will aid Wyre provide a wider financial ecosystem to crypto startups, according to Giannaros, with access to financial instruments such as forward contracts, swaps and more. Wyre…

$6K Ahead? Bitcoin Price Plunges After Brief Recovery

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For bitcoin, the path of least resistance is to the downside. At press time, the leading cryptocurrency is trading at $6,340 on Bifinex – down 3 percent from the high of $6,550 hit earlier today. The bulk of that loss came amid a dramatic drop over almost $100 in an hour soon before press time. The minor recovery from the previous day’s low of $6,300 was likely a product of oversold conditions reported by the short duration relative strength index (RSI) yesterday. More importantly, the fact that the gains were…

Are Big Crypto Token Sales Really Over? At Republic Event, Many Think So

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The ICO is over. At least that’s what the market keeps hearing, and what was floated during the very first panel – called “The Death of the Main Sale” – at RepubliCon in Manhattan on Thursday.  The event, hosted by crowd investing platform Republic, saw a number of crypto industry stakeholders discuss the cooling (by some measures) of the hype around the nascent fundraising mechanism called an initial coin offering. Indeed, July was a slow month, with CoinDesk’s ICO Tracker showing that project founders didn’t manage to break even a…

Opera Wallet Users Can Now Send CryptoKitties and Other Collectibles

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Opera now allows users to send crypto collectibles, such as CryptoKitties, directly from its recently announced in-browser crypto wallet. Claiming the feature is a first for the industry  – although other wallets do offer collectibles support, including MetaMask – the company said in a blog post today: “We believe that as an increasing portion of our lives moves online, so will our collections of things.” As a result, users of the beta-stage wallet can send their crypto-collectibles to others, something it said previously required use of a digital marketplace and an exchange transaction…