Day: September 25, 2018

BIS Report Finds Strong Link Between Crypto Prices and Regulators’ Actions

boss

A new report published by the Bank for International Settlements (BIS) has found a strong correlation between crypto prices and news of regulators’ interventions. According to the report published September 23 by BIS – an organization based in Switzerland made up of 60 of the world’s central banks – cryptocurrencies retain close links to news of regulatory actions across different national jurisdictions. This is despite crypto’s design to function in a borderless and frictionless manner. BIS’ empirical investigation spanned all news events from the start of 2015 to the end…

Japan’s Financial Services Giant SBI Trials Crypto Token for Retail Purchases

boss

Japan`s financial services giant SBI Holdings is trialing a crypto token that can be used to make retail purchases with users’ smartphones. This was officially confirmed in a news release published September 25. The news release presents the trial as a key litmus test for blockchain’s possibilities and usefulness. SBI also alludes to the pseudonymous developer behind Bitcoin (BTC) Satoshi Nakamoto, claiming that the company aims to “improve” upon the “convenience of [Nakamoto’s]’ vision. The announcement – made jointly with tech startup Orb and fintech company Glory – indicates that…

Sydney Uni’s Red Belly Blockchain Hits 30,000 Txs/Sec on Amazon Cloud Trial

boss

The latest trial from the University of Sydney’s Red Belly Blockchain running on Amazon Web Services (AWS) has clocked 30,000 transactions per second with an average transaction delay of 3 secs. Researchers at the University of Sydney in Australia have concluded new trials of a hybrid blockchain that sits between public blockchains like that of bitcoin and ethereal and consortium blockchains like R3. Developed exclusively by the university’s School of Information Technology, the academic researchers claim the fork-free Red Belly Blockchain can rapidly scale transactions compared to the likes of…

Decentralized App to Give Social Media New Meaning By Rewarding Real-Life Interactions

boss

Can you remember exactly what you did on social media 10 days ago? Probably not. The days can blend together as you embark on a never-ending quest of liking posts and sharing memes. Social media can also have a detrimental effect on our mental health – with charities warning they could be particularly harmful if we compare the picture-perfect, filtered images posted by our friends to our own lives. Although these networks play a vital role in our daily lives – with research suggesting we now spend 135 minutes a day browsing…

Bearish Cross Hints at More Losses Ahead for Bitcoin Price

boss

Bitcoin (BTC) is on the defensive, having breached crucial support on Monday and could suffer a deeper drop, courtesy of a bearish crossover between key moving averages. As of writing, BTC is changing hands at $6,420 on Bitfinex, representing a 3 percent drop on a 24-hour basis. The bullish break above $6,600 witnessed on Friday had set the tone for a move toward the psychological hurdle of $7,000. However, the rally in alternative cryptocurrencies fizzled out over the weekend. As a result, while BTC managed to hit 17-day highs above…

Walmart Puts Food Suppliers on Notice: Blockchain or Bust

boss

Walmart Puts Food Suppliers on Notice: Blockchain or Bust September 25, 2018 by Reed Schlesinger Continuing its work with IBM on their proprietary Food Trust solution, Walmart has taken the next step in digitizing the food supply chain process by mandating that all its suppliers of leafy green vegetables upload their data through their own blockchain application by Fall 2019. Also read: Bitcoin Price Rise Delayed As Technical Signals Fail to Confirm Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Safe for Consumption While many in the…

Ripple (XRP) Erases 40% Gains ($9.5 Billion) as Top Coins Fall; What’s Next?

boss

After displaying a supernormal rally that amounted to more than 60 percent gains within a week, XRP is now doing a complete reversal. Ripple has lost more than $9.5 billion in market cap since establishing its highest peak since April. The coin reached its high on Friday last week, at around $27.5 billion, but witnesses the execution of massive long positions around the said level. The weekend and the beginning of the week that followed later saw XRP wiping almost 22 percent of its market cap, so as the per…

SEC And FBI Eye Blockchain Analysis Services, Money Launderers Watch Out

boss

“Bitcoin is only used for money laundering and terrorist financing,” cynics of this nascent industry continually cry, as these wanton critics believe that blockchains, in all their the pseudonymous glory, are solely used for illicit acts. While crypto assets aren’t inherently evil, as its critics like to believe, leading government-affiliated groups have seemingly acknowledged the aforementioned ‘problem’, spending millions in a bid to combat cases of money laundering and terrorist financing that are enabled by cryptocurrencies. US Governmental Bodies Have Spent Over $5M On Blockchain Analysis Contracts According to data compiled by…

Can the Blockchain and Token Economics Fix Privatizations?

boss

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. This text shouldn’t be considered as legal advice. In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the…

Bitcoin Price Watch: BTC Broke Key Support, Could Test $6,275

boss

Key Points Bitcoin price failed to hold the key support at $6,590 and declined below $6,500 against the US Dollar. There was a break below a bearish pattern with support at $6,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is under pressure and it seems like it could continue to move down towards the $6,380 and $6,275 levels. Bitcoin price failed to hold the $6,600 and $6,590 supports against the US Dollar. BTC/USD is likely to extend declines towards the next support at…