Day: September 8, 2018

Analysis: “Uncanny” Correlation Between The Long-Term Bitcoin And Gold Charts

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“Uncanny Pattern Resemblance” Since Bitcoin’s inception a decade ago, many have likened this decentralized digital asset to gold, with some dubbing Satoshi’s brainchild as a form of “digital gold.” This connection may be drawn due to the fact that the two individual assets are both stores of value, divisible, durable and secure. Although there are similarities between the two assets that are as clear as day, as recently pointed by Nunya Bizniz, a lesser-known cryptocurrency proponent, there might be an “uncanny” line that can be drawn between the price action of gold…

3 Blockchain Startups Compete on Medical Records Space

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Medical records are an important feature of patient health review. As the information is sensitive, control of data is critical. Some providers are issuing apps to help to maintain and protect records, based on blockchain. Blockchain technology provides a secure basis for protecting medical records and with it, patient privacy. Several new providers of medical record technology have emerged and are causing considerable disruption of the sector. The reason why blockchain is being taken up by health establishments is due to the additional security and transparency that comes with the…

Weak User Counts Signal ‘Panic Sell’ For Most Cryptocurrency Tokens: Researcher

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Last week, cryptocurrency researcher Kevin Rooke questioned the ability of Ethereum and EOS to support decentralized applications (dApps), given the dearth of users on those blockchains. Now he’s wondering if most cryptocurrencies are getting enough use. He recently observed in a tweet that only 27 cyrptocurrency tokens had 400 or more active users in a 24-hour period, commenting, “You’d think if ever a time to ‘buy the tip’ or ‘panic the sell,’ it would be today.” Forget about dApps with no users, let’s talk about tokens with no users. Only…

Crypto Market Stands Its Ground, Three of the Top 20 Coins by Market Cap See Gains

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Saturday, September 8: after a recent sell-off, the crypto markets is standing its ground today, with three of top 20 coins by market cap in the green and Bitcoin (BTC) hovering around $6,400 support. Market visualization from Coin360 After facing a sharp decline on the week, Bitcoin is holding its position on the market, down around 0.7 percent over the past 24 hours and trades at around $6,394 at press time. Yesterday, the major cryptocurrency dropped to as low as $6,354. Weekly Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index…

South Korean Official Proposes Greater Cooperation for Global Crypto Regulation

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An official from South Korea’s Financial Supervisory Service (FSS) has proposed greater international cooperation between regulators for crypto and Initial Coin Offering (ICO) regulation, local news outlet Asian Economic TV reports Friday, September 7. Yoon Suk-heun, governor of FSS, made a statement about the potential for more cooperation during the opening ceremony of the 20th Integrated Financial Supervisors Conference (IFSC) held in Seoul Thursday, September 6, and attended by officials from 15 countries. The South Korean official stressed that country’s main aim is to “improve transparency in transactions to prevent…

What I’m Really Saying Is ‘Shut Down Permissionless Blockchains’

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This interview has been edited and condensed. Aside from occasional blisteringly anti-crypto commentary from the likes of Warren Buffett and Bill Gates, one of the crypto industry’s most consistent and vocal naysayers is IT industry analyst Jason Bloomberg. Bloomberg is a published author, Forbes contributor and president of the firm Intellyx, which helps enterprises integrate new technological developments and trends into their business models. Bloomberg also devotes a significant amount of his time to attending crypto and blockchain-related conferences and events, speaking and debating with industry leaders. His public stance,…

Chinese crypto traders find a way to render the government ban powerless

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With a year into stamping out cryptocurrency business in the country, Chinese crypto traders have a found a way to render the government ban powerless. This has allowed digital currency trading to continue despite China imposing a ban on the same on September last year. The traders and crypto businesses have moved their “trading platforms’ servers” outside China. Experts have indicated that as long as this remains “and transactions are conducted peer-to-peer and remain decentralized, it would be a huge challenge for the regulators to completely block access.” According to…

Crypto Market Stand Its Ground, Three of the Top 20 Coins by Market Cap See Gains

boss

Saturday, September 8: after a recent sell-off, the crypto markets is standing its ground today, with three of top 20 coins by market cap in the green and Bitcoin (BTC) hovering around $6,400 support. Market visualization from Coin360 After facing a sharp decline on the week, Bitcoin is holding its position on the market, down around 0.7 percent over the past 24 hours and trades at around $6,394 at press time. Yesterday, the major cryptocurrency dropped to as low as $6,354. Weekly Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index…

Crypto is a ‘Poor Form of Money’ for Terrorists, Congressional Hearing Concludes

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The U.S. Congress Subcommittee on Terrorism and Illicit Finance has discussed various methods of terrorism financing with cryptocurrency, according to an official press release on the U.S. House of Representatives Financial Services Committee September 7. In order to monitor threats and methods of terrorist financing, the hearing considered major means of transferring funds by terrorists, including traditional financial institutions and semi-formal methods, such as the hawala exchange system, as well as cryptocurrencies. However, while al-Qaeda, the Islamic State, and other terrorist groups have all attempted to raise funds through crypto,…

Dash Breaks Bear Paralysis as Strong Fundamentals Add 25% Gains

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Dash on Saturday continued to trend upwards amid a strong buying sentiment phase that started mid-week. The DASH/USD pair on Wednesday has established its weekly low towards 156.60-fiat. After that, the pair underwent a decent recovery towards 186.70-fiat intraday high, crossing through crucial resistance areas during the Thursday’s trading session. The sentiment continued to flourish despite some bearish hiccups towards 171.00-fiat on Friday. And now, in the past 24 hours, DASH/USD has managed to record a new intraday high near 196.30-fiat. New Partnership Hypes Up Dash Business Adoption The latest…