Day: September 21, 2018

IBM Files Blockchain Patent to Tackle Privacy and Security Concerns for Drones

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IBM has applied to patent a system that would use blockchain tech to tackle privacy and security concerns for drones, according to a filing published by the U.S. Patent and Trademark Office (USPTO) September 20. The computing giant first filed the patent in March 2017, detailing how blockchain could be used to securely store data associated with unmanned aerial vehicles (UAVs) — more commonly known as drones. The patent notes that a blockchain system can provide “effective techniques for managing data related to a UAV […] particularly when a security…

Dutch Supermarket Giant Adopts Blockchain to Make Orange Juice Production Transparent

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Albert Heijn, Holland’s largest supermarket chain, has revealed it is using blockchain to make the production chain of its orange juice transparent, International Supermarket News reports September 21. Albert Heijn will reportedly launch the new blockchain system in partnership with its supplier, Refresco. To give customers’ maximum information about the source of Albert Heijn’s own-brand “sustainable” product, they will be able to scan a QR code on the orange juice carton that will trace the end-to-end route of its production, from Brazil to the Netherlands. The system will reportedly store…

Bitmain Unveils Next-Generation ASIC Chip to Be Integrated into New Antminer Machines

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Bitcoin (BTC) mining behemoth Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new “Antminer” crypto mining machines, Reuters reports September 21. An Application-Specific Integrated Circuit (ASIC) chip is a piece of tailored mining hardware geared to mine cryptocurrency based on a specific hashing algorithm. Bitmain CEO and co-founder Jihan Wu reportedly announced the new crypto-mining-specific ASIC chip BM1391 during his keynote lecture at the World Digital Mining Summit in Georgia. According to Wu, Bitmain has now started to mass produce the chip and plans…

Swiss Bankers Ease Access for Crypto Startups to Prevent Mass Exodus

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The Swiss Bankers Association (SBA) has issued basic guidelines for banks working with blockchain startups on Friday, September 21. As Reuters reports, the measure was taken to prevent a mass crypto exodus out of Switzerland. The document states that banks see blockchain as an opportunity for Switzerland to house financial and technology startups despite “risks,” especially money laundering. Due to a significant increase of crypto-related companies based in the country, the SBA has decided to provide a road map for banks to open their corporate accounts. The guidelines divides blockchain…

CloudFlare’s Quest to Decentralize the Internet

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On Sept. 17, a vital United States-based content delivery network (CDN) CloudFlare introduced a new decentralized content gateway via InterPlanetary File System (IPFS), a peer-to-peer (p2p) network run by thousands of computers bypassing the conventional HTTP system. Here’s how it supposed to work and why CloudFlare decided to support such a project. What is CloudFlare? CloudFlare is a company that provides content delivery network (CDN) services and DDoS protection. Basically, CloudFlare plays the role of an intermediary between the website and the visitor. It defends the website by filtering out…

Bitcoin Price | BTC is Bullish, are Altcoins the Reason?

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Bitcoin price is on a bull-run right now. In fact, the entire crypto market seems to be making a bullish turn as sharp gains can also be seen across a number of altcoins. At the time of writing, Bitcoin is up 4.6% on the 24-hour basis and is currently trading at $6,733 according to coinmarketcap.com Earlier in the day, Bitcoin price hit its 16-day high of $6,745, but it could easily hit that high again by the looks of things. Bitcoin Price Recovery Bitcoin is recovering from a five-week low…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, IOTA: Price Analysis, September 21

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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. Michael Novogratz, founder of the digital asset management firm Galaxy Digital, has recently reiterated his view that cryptocurrencies have hit a bottom and a rebound is due. He believes several institutional players might invest in the market, boosting prices. It, however, will be…

China Updates Crypto Rankings, Downgrades Bitcoin

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The China Center for Information Industry Development has updated its crypto rankings. The list contains 33 crypto projects, ranked overall and in three separate categories. High up in the overall ranking are EOS, Ethereum, and Bitshares. Bitcoin, however, has been downgraded. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals China’s Fifth Ranking The China Center for Information Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, officially published its fifth crypto rankings on Sept. 20. Thirty-three crypto projects are ranked. Each is given an overall…

US Navy Explores Blockchain to Enhance Tracking of Aviation Parts

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The U.S. Navy Naval Air Systems Command (NAVAIR) is currently exploring the blockchain technology for tracking aviation parts throughout its lifecycle, according to its press release. For NAVAIR, changing the way it currently tracks the lineage of parts is a critical step into reducing the high costs it takes to operate a military aircraft. The current process involves writing down details of the parts on a Scheduled Removal Component Card—used for recording aviation parts information— before manually entering it into a database. The Navy has partnered with Indiana Technology and…

VanEck/SolidX ETFs Delayed Again as SEC Seeks Comment on Fund Proposal

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The U.S. Securities and Exchange Commission (SEC) has once again postponed a decision on the application for a Bitcoin Electronically Traded Fund (ETF) by VanEck and SolidX, in what is the latest update in a protracted regulatory process that has dragged on for several months. The agency has stated that it needs more time to consider more input to help it arrive at a decision on the matter, which was originally postponed to September 29, 2018. The Long Wait for an ETF Despite the huge market appetite for a bitcoin…