Day: September 17, 2018

American National Standards Institute to Address Blockchain at Upcoming Forum

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The American National Standards Institute (ANSI) will discuss blockchain and artificial intelligence (AI) issues at its next Legal Issues and Joint Member Forum, according to an announcement published September 17. The ANSI is a U.S.-based private non-profit establishment that is comprised of over 125,000 companies, with international organizations, academic and governmental bodies, and corporations among its members. The institute does not develop standards, but administers and coordinates the U.S. voluntary standards and conformance assessment system. At the upcoming forum entitled “Empowered by Innovation: Cutting-Edge Technologies Driving Real-World Solutions,” attendees will…

Ethereum Price Drops Below $200 in Double-Digit Rout

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The ethereum price dropped back down below the $200 mark on Monday, as the second-largest cryptocurrency endured yet another double-digit rout. ETH had been on a moderately-ascendant trajectory since briefly dropping below $175 last week, crossing $225 at one point over the weekend and, despite some early morning losses, holding the $200 line leading into Monday afternoon. That changed shortly before 15:55 UTC, when a surge in sell volume forced ETH below $200 on leveraged cryptocurrency trading platform BitMEX. ETH/USD eventually dropped as low as $192 on BitMEX at approximately…

Trust Square expanding to become world’s largest blockchain hub

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Trust Square is further expanding at its prominent Bahnhofstrasse location in Zurich. By the fourth quarter of this year, the world’s largest blockchain hub existing today, will cover more than 3,000 square meters and can offer over 300 workstations to startups and researchers. The expansion highlights Switzerland’s ambition to further bolster the country’s position as a leading location for blockchain innovation on an international scale. Right from its start in April 2018, all of Trust Square’s 200 desks have been fully booked. Some 40 startups and research projects are currently…

Crypto Wallet Protection App Wants to Secure Your Wallets Against Malware

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Malware, a persistent thorn in the side of the internet’s wider community, has become an increasing concern for cryptocurrency users. A problem that comes in many forms, malicious software is leveraged by hackers to rob community members of their funds. One program, dubbed the clipboard hijacker, for instance, operates by secretly gaining control of a Windows device’s running memory. It then replaces the Bitcoin address copied into a user’s clipboard with the address of the attacker, leading the user to unwittingly transfers funds to the hacker. New Jersey–based BlockSafe Technologies…

Crypto Daily News | Former SpaceX Engineer Starts a Crypto Exchange

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In today’s edition of Crypto Daily News, we’ll cover the details of the SpaceX engineer’s new crypto exchange and what Zimbabwe’s Finance Minister said about crypto lately. Crypto Daily News: September 17th, 2018 Former SpaceX Engineer Starts a Crypto Exchange Joshua Greenwald, former SpaceX engineer, is currently the CEO of LXDX and the company just announced that it is launching its own public digital currency exchange. LXDX currently holds its own proprietary software that’s focused on levels of performance not currently seen in the current crypto market. LXDX offers a low…

Jack Ma on Blockchain | “Useless” Unless It Helps the Environment

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Jack Ma, Alibaba’s Executive Chairman, has never been shy about his thoughts on the newest and latest technology. The Chinese businessman, investor, and philanthropist has been a long-proponent of blockchain technology but recently made a firm statement on its future. Let’s take a closer look at Jack Ma on blockchain. Jack Ma on Blockchain Ma believes that blockchain and other advanced technologies still need to prove they can help society evolve in a “greener and more inclusive” direction, local news outlet cnBeta reported. Ma told those present at the World…

Spanish Autonomous Community of Aragon to Become First in Country to Apply Blockchain

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The autonomous community of Aragon in northeastern Spain will be the first in the country to apply blockchain technology in its public administration, local news agency Europa Press reports Monday, September 17. Aragon is one of Spain’s 17 autonomous communities, which were created with the goal of guaranteeing a qualified amount of autonomy for different nationalities and regions in the country. Fernando Gimeno, the counsellor of Finance and Public administration in the Aragonese government, has signed a contract with Alastria — a blockchain ecosystem of more than 274 entities, including…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 17

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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.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Mt.Gox, the bankrupt Bitcoin exchange that collapsed in 2014, is soon expected to distribute $1 billion worth of cryptocurrencies to thousands of its creditors. As it has been a long wait, some might offload their bitcoins as soon as they receive them. Can…

Ether Just Erased Half of Last Week’s 35% Rally

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The price of ether (ETH), the world’s second-largest cryptocurrency by market capitalization, sank nearly $30 today, effectively erasing half of the 35 percent rally recorded last week. At press time, ETH is trading across exchanges at an average price of $196 – down $28 and 11 percent on a 24-hour basis, according to CoinDesk’s Ether Price Index (EPI). The development came after what was a record-setting week for the cryptocurrency when it recorded its highest daily trading volume in over 12 months, most of which came from buyers. The surge…

Litecoin ‘Significantly Overvalued,’ Cryptocurrency Hedge Fund Claims

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Proponents of litecoin, the seventh-largest cryptocurrency, have long touted it as “silver to bitcoin’s gold,” the medium of exchange to BTC’s store of value. Much like physical silver, though, litecoin currently trades well below its all-time high, having plunged to about $55 from a peak of $358. However, according to cryptocurrency hedge fund Multicoin Capital, even at that mark litecoin is “significantly overvalued.” Multicoin, which is short LTC, lays out its bear case for the asset in a new report, authored by managing partner Tushar Jain. A Maturing Market and…