Day: September 7, 2018

Why Bitcoin Dropped by Over 10 Percent, Deleting $40 Billion From Crypto Market, Experts Explain

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Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion. Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a continuous decline. Tokens bled out more intensely than they previously did in April and June, losing out 10 to 30 percent against Bitcoin. Source: coin360.io Cointelegraph interviewed ThinkMarkets chief market analyst and former Bank of…

Are Big 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…

New GBP Trading Pairs; to include the major tokens traded on Coinbase

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Active traders in the UK will from September 7 have access to new GBP trading pairs on Coinbase Pro. The new trading pairs include Etherium (ETH-USD), Ethereum Classic (ETC-USD), Litecoin (LTC-USD), and Bitcoin Cash (BCH-USD). The report comes to light just a month after Coinbase revealed it would roll out British Pound (GBP) support. The move targets British traders who use Coinbase Pro actively as well as institutional members of Coinbase Prime. Customers to enjoy faster transactions with the new GBP trading pairs However, Coinbase has had to obtain an…

Thailand’s Blockchain Solar Power Producers Face Extra Fees to Offset State Utility Losses

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Blockchain-enabled independent power producers in Thailand pose such a threat to the state-run power generator and distributor that they will be required to pay extra in order to cushion the state utility from the disruption. According to Viraphol Jirapraditkul, a member of Thailand’s Energy Regulatory Commission (ERC), new regulations are currently being drafted which will see the blockchain-enabled solar power producers charged extra. This is with a view of assisting the Electricity Generating Authority of Thailand withstand the impact of competition that is set to come as the growth of…

China’s Supreme Court Rules That Blockchain Can Legally Authenticate Evidence

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China’s Supreme Court has ruled that evidence authenticated with blockchain technology is binding in legal disputes, in an official announcement released today, September 7. The new ruling comes as part of a series of more comprehensive rules that clarify litigation procedures for internet courts across China, and comes into force immediately. According to today’s announcement, the Supreme Court declares that: “Internet courts shall recognize digital data that are submitted as evidence if relevant parties collected and stored these data via blockchain with digital signatures, reliable timestamps and hash value verification…

Lenovo Partners With Blockchain Platform to Develop Its IoT and AR/VR Hybrid Software

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On Sept. 4, the Credits platform, which specializes in providing a range of services for launching DApps, announced in a Medium post that it joined Lenovo’s New Vision Technology project. Together, the companies will work on developing an Internet of Things (IoT) and AR/VR hybrid software. The software is planned to be implemented in a variety of industries, such as fintech and logistics, reads the announcement.  Lenovo New Vision Technology As the official press release says, Credits “will utilize their blockchain expertise to help facilitate building software” for Lenovo’s New…

Bitcoin Dominance Hits 55% as Crypto Market Struggles to Recover

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Subsequent to recording the steepest daily drop in valuation in recent years, the crypto market has struggled to rebound in a convincing manner, pushing the dominance index of Bitcoin further up. Throughout the past 24 hours, the dominance index of Bitcoin achieved 55 percent, its highest point since December of last year. As tokens lost out largely against Bitcoin, the dominance index of the cryptocurrency increased significantly over the past few days, from 51 percent to 55 percent. While the crypto market has avoided a drop below the $200 billion…

The mobile app Robin going public

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Cryto Trade platforms are growing  The company Robinhood is a cryptocurrency, asset and stock trading start-up and has announced plans on going public, and is currenctly looking for a chief financial officer. That they can become apart of the longterm goals of the company. The Robinhood smartphone mobile app allows individuals to invest in traded companies and also exchange-traded funds listed on the stock exchanges without the need for paying a commision. Robinhood makes revenues based on the interest earned on customers’s cash balances and the margin lending positions. The…

The Creator of Proof-of-Stake Thinks He Finally Figured It Out

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Known for creating the first proof-of-stake-based cryptocurrency, pseudonymous developer Sunny King is back with an idea that’s sure to surprise – adding hardware. Proof-of-stake, or PoS, has been heralded as a more ecological way to come to consensus on blockchains since it doesn’t rely on expensive hardware using vast amounts of electricity to compute mathematical puzzles (for instance, like bitcoin’s proof-of-work). As a result of this, and the algorithm’s ability to handle more scale, various high-profile blockchain projects, including EOS, Tezos, NEO and Cardano, have adopted the system. But according to…

Crypto Giant Huobi Partners Singapore Trade Union to Promote Blockchain Skills

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Huobi Group has announced a partnership with Singapore’s National Trading Union Congress (NTUC) Learning Hub to launch a joint effort to promote blockchain education via a series of courses focused on the nuts and bolts of blockchain and distributed ledger technology. According to a press release shared with CCN, the joint venture aims to introduce people with interest in cryptocurrency or financial technology to the core fundamentals of bitcoin and blockchains, intending to exposing them to the practical uses of the world’s premier cryptocurrency. Catching Up Research figures indicate that…